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1821  Economy / Speculation / Re: What is the possibility Bitcoin will rise before the end of the year ? on: July 19, 2022, 07:45:41 PM
In the short term, no one can give an accurate prediction to what direction the market would take with any precision; it's just a gamble.

In the longer term, I can speculate that Bitcoin would be much higher than it is now, within the next 1-10 year time period. The price increase could  be a 5×, 10×, 20× or more from now (I prefer to be conservative with my speculations).
This long term potential for growth is what investors should target, and you will be bothered less by short term volatility.
1822  Other / Beginners & Help / Re: Why Bitcoin still remains the leading cryptocurrency in the world. on: July 19, 2022, 06:52:20 PM
Am not trying to be offensive here mate but someone can be a newbie here but has more knowledge about Bitcoin than some older members here.
That is definitely possible and there have been many highly knowledgeable users who joined the forum and I learned a lot from, even while they were newbies. But, from the first post of the user, it.shows they have a lot to learn and it's improbable they fall into that category.
1823  Other / Beginners & Help / Re: Why Bitcoin still remains the leading cryptocurrency in the world. on: July 19, 2022, 01:31:45 PM
You joined the forum earlier today and are already telling others what Bitcoin is.
You would benefit more from the forum, if you read and learn from the wealth of information available here. Feel free to ask questions when you get confused and previous discussions don't cover that topic or question.
1824  Other / Beginners & Help / Re: A concise guide to not getting "phished" on: July 19, 2022, 01:25:41 PM
<snip>
That's true. If you do not trust the message, as you should if an unsolicited links in involved, then request a signed message from an address posted previously on the forum.
1825  Other / Off-topic / Re: Richard Heart...is he a voice worth listening too? on: July 19, 2022, 01:23:43 PM
Do not give people a platform, by talking about them excessively, regardless of what their message is. That's the exact kind of thing which gives them the 'supposed' influence.
Rather than checking the speaker, consider the message. If it something that aligns with you, then roll with it and if it's not, dump it.
The moment anyone changes the message they share, and switches to one which does not align with you, what the say no longer matters.
If someone is constantly spreading lies and fake news, then you can dispel their falsehood as you wish; to warn other users.
1826  Economy / Economics / Re: 6 Design Principles for a Successful Central Bank Digital Currency on: July 19, 2022, 06:35:59 AM
Quote
If users have to wait several seconds even for low-value transactions to clear, many essential use cases for cash will be inaccessible for a CBDC (even when central banks want a CBDC to complement, not replace, cash).
This might create a hurdle. Bank transfers are mostly considered scalable, cause of the apparent speed of the transaction. But in real sense, the movement of fiat from one bank to the other or same bank (different accounts) takes much longer.
Banks can make the funds available to the receiver, while making it unavailable to the sender, all this while the first transfer is not yet completed.

In contrast Bitcoin which is considered less scalable, involves transfers which can be completed within minutes; irrespective of distance between sender and receiver.

I'm curious as to how they would propose to make CBDC accessible to unbanked demographics. Bitcoin claims to cater to an unbanked demographic of 4 billion around the globe. Certainly that must be the growth demographic offering the most potential.
Would be interesting to see.
Imo, Banks and governments are only creating CBDCs to create an alternative for their citizens interested in blockchain based financial systems, and not a means to solve any particular issue.
1827  Other / Politics & Society / Re: High inflation is causing GLOBAL protests on: July 18, 2022, 08:40:02 PM
Inflation is just figures indicating certain metrics. The actual effect of inflation is felt by the masses, especially the poor and middle class. They are usually the least financially educated, and with Small and Medium Enterprises (SMEs) being badly affected by poor fiscal policies, they also lose sources of income.

in the USA people were given so much money due to the pandemic now the situation is still terrible is it not ?

The idea of printing excessive amounts of money to stimulate spending was a sort of band aid solution to a critical issue, leading to higher inflation and higher cost of living.
1828  Other / Beginners & Help / Re: A concise guide to not getting "phished" on: July 18, 2022, 08:22:24 PM
What can I do about it?

Don't click on links before verifying that they're safe.
You can go one further by avoiding all unsolicited links. This include links sent in emails, messages on social platforms or PM on the forum. There is a high chance that anyone sending you a link which was not requested for, is a scammer, or best case scenario a spammer; You lose nothing by ignoring.
1829  Other / Meta / Re: Forum advertising space for free signature/avatar advertisement on: July 18, 2022, 08:02:50 PM
The way I see it, this doesn't have to be a forum generated service, and it's unlikely it will be. I can hardly see the admin creating room for a list of free advertisers on the forum.

This can be purely community generated; As you said, a user can create a thread for this, maybe in services section and willing users can indicate. After this, there would be a consensus on what projects to be promoted and for how long. Personally, I also don't see if this would be practical or sustainable.

Anyone who wishes to wear a signature, but is not interested in joining a paid campaign, can always select a business or charity of their choice to advertise. The only limitation to this is that, their preferred project may not have a forum signature design.
1830  Bitcoin / Bitcoin Discussion / Re: Are you bothered about what happens to your Bitcoin when you are no more? on: July 18, 2022, 07:42:46 PM
Are we then saying the security multi-sig wallets offer aren't worth any stress?. How about organizations, businesses or joint investment will we still recommend single key addresses?
@o_e_l_e_o was basically saying that multi sig does not help much in cases of fund transfer in case of an untoward situation. And if you fear someone harming you cause you own bitcoins, actually announcing you do, by giving out a signature while holding onto one, would expose you to that very risk.

Keeping your wallet private in that case, is your best option. Does not mean multi sig does not have its uses.
1831  Other / Beginners & Help / Re: Bitcoin Vanity Address(es) on: July 17, 2022, 08:35:46 PM
Do you have any idea?, lets discuss and learn together.
I have personally not looked into vanity addresses, but LoyceV has a giveaway thread which has been running for a number of years now; Pretty Addy Giveaway.
You follow the instructions and then make a request with the customized characters you would like.
1832  Economy / Reputation / Re: Bitcointalk account hacking/phishing Alert on: July 17, 2022, 08:20:38 PM
This has been around for quite a while, and there was a case of the hacker using an already hacked account to send the PMs. This could be the case here as the user tuannguyentn1 just recently woke up as can be seen on his trust profile.

You don't have to wait for DT members to send a feedback, you can do that yourself and use this post as a reference.
Reporting the PM as suggested above is also a great idea.
1833  Bitcoin / Bitcoin Discussion / Re: My old officemate become millionaire on investing on Bitcoin on: July 16, 2022, 04:00:58 PM
Hold is really powerful strategy isn’t it?
Hodling is the best strategy when it comes to Bitcoin.
Those who sold earlier could have realized that, you only actually lose when you cut your losses and not when the market goes bad. They probably did not fully understand how Bitcoin works or why it was valuable and would be more valuable in the future.

Many users take repeated market cycles to realize how Bitcoin volatility works, while some are sold in on the technology immediately and create an estimate of how valuable it can be based on its potential and qualities.

Congratulations to your friend, hope he becomes a bitcoin holder again pretty soon and hope he actually keeps up to date with the news around the network to know the most ideal wallet to use and maybe grab a fork or two, who knows.
P.S, did you friend pick up some Bitcoin cash airdrop after the fork?
1834  Economy / Economics / Re: Coins on CEX are at risk always on: July 16, 2022, 06:56:49 AM
<snip>
Let me fix that title for you OP:
This reminded me that one can actually change the title that appears when they reply to a thread, and if quoted, it carries that title. So, I directly fixed it myself  Grin

I have been warning people about platforms like Celsius for years, and every time I do, there are always multiple users in the thread saying variations of "Well, I use them and have had no problems" or "They are big and reputable therefore they are safe". There's even a post in this very thread saying exactly that about Binance.
This is a rationalization many (including experienced users who have seen first hand hacks and data leaks from CEX) use to make it understandable to use centralized platforms. And with some of those platforms integrating supposed non custodian wallets onto their system, it further gave the false sense of autonomy.
1835  Other / Beginners & Help / Re: Trust System What I Know || Overview of Trust System on: July 15, 2022, 02:37:33 PM
Trust can be changed or removed / depends on the the Feedback providers if you are made a Blunder then its near impossible if a small mistake or in Unconscious/ Unknowingly then tou can Convince to change the trust.
Being a scammer or generally untrustworthy is not a blunder, it's a conscious decision one makes. A user doesn't just unknowingly become untrustworthy, you took actions which the general community or some other users considered to be so.

If the Profit Trust Rating is Green then the user is considered as the Legit to trade and Intrect because he is having good feedbacks by DT members.
Trust feedbacks is only a suggestion. It is not an indication that a user is trade worthy or not.
Check references on feedbacks and verify if it's correct based on your judgement.

If trust is Black then user can freely participate the Campaigns and he is also considered Legit.
Neutral trust is also not an indication of a legit user to trade with.
1836  Economy / Scam Accusations / Re: The google search results for "1XBit Review" are quite shocking... on: July 15, 2022, 08:00:15 AM
With enough money in advertising and promotion it's very possible for any company, regardless of how fraudulent, to rinse its public reputation and appear trustworthy.

What I do when researching on a any project is to add ...scam at the end. So rather than searching for '1xbit review', I'll search for '1xbit scam'. I do this cause I'm specifically looking for scam accusations against them and study those, rather than positive reviews which could be motivated financially.
Bitcointalk also appears on the search results page for 1xbit scam.
1837  Bitcoin / Bitcoin Discussion / Re: Bitcoin standard book. Download it for Free! on: July 15, 2022, 07:43:05 AM
Thumbs up providing a free copy, but I would much rather users downloaded it for themselves, for a couple of reasons;

• There is a security risk from downloading random files over the internet, and users should not be encouraged to do that,

• This is an intellectual property of the author, and they get a percentage from sales on Amazon; They should not be denied that.
1838  Economy / Economics / Re: Coins on CEX are at risk always on: July 15, 2022, 07:37:39 AM
"Your coins on CEX may be at risk this bear season"
Actually, they are not 'your' coins if they are in a centralized exchange. The exchange holds the keys and the coins as well, you only trust them to let you spend it when you need it and that privilege can be revoked in a bull or bear market.
There is also the risk of privacy loss, with your personal details falling into the hands of hackers or being handed over to government agencies.

Your privacy matters a lot always use a segregated wallet and save yourself the stress.
What did you mean as segregated wallet?
I read it as segregated witness wallet. Probably cause that was the only way it made sense to me.
And you are right, best to be specific on using an open source, non-custodian wallet
1839  Bitcoin / Bitcoin Discussion / Re: Would Bitcoin recover even if it fell to one dollar? on: July 15, 2022, 07:17:30 AM
How low would Bitcoin have to fall before it was no longer recoverable?
When 1BTC =/= 1BTC
The inherent qualities of Bitcoin are what makes it valuable. It was once less than a dollar, cause of the public perception of it or lack of knowledge. If it falls below that again due to public perception, it is still recoverable as long as the inherent qualities are present, as long as 1BTC = 1BTC.
Once there is a chink in the protocol, then we can say it might not be recoverable.
1840  Bitcoin / Bitcoin Discussion / Re: Crypto question! on: July 15, 2022, 07:11:58 AM
I have been looking at the market and shit is down bad
Buy when everyone is selling and sell when everyone is buying.
You are in at a great time; to purchase cryptocurrencies at a cheaper rate compared to a couple of months ago. When the market is dipping, that's a good time to buy, and you don't necessarily have to sell once it goes up, or a least, do not liquidate your entire stash. Plan your profit margin, within medium to long term.

Has anyone got any advice on this? what coin should I buy
Bitcoin

any discord/telegram chats to join for these topics?
I do not have any, and you should be careful when joining communities that discuss what to buy or market conditions. Many of them are pump and dump groups.
There is the Wall Observed thread to discuss Bitcoin price movements here on the forum.
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