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1861  Economy / Speculation / Re: Do you regret buying before the dip on: July 10, 2022, 08:48:32 PM
A quick question for anyone here who purchased bitcoins say on June 9th just before the unexpected dip began? Do you regret your decisions and are you confident that bitcoins will bounce back?
All market movements are unexpected and the only certainty is volatility.
Anyone who purchases bitcoins at a certain time, should have already understood that the market can always go below their entry level, it could take 8 days or months. Such fluctuations shouldn't bother you much, especially as a long term holder.

In 5, 10 or 20 years, it would matter little, if you bought in at $30k or $20k.
1862  Other / Beginners & Help / Re: The List of Popular and free blockchain bitcoin observers. on: July 10, 2022, 08:34:40 PM
Blockchair explorer is not to be blame if a person fails to do their research. For all I know it could be google ads designed to surface when you type certain keywords. The casino is a scam, no amount of paid ads will change that.
Popular platforms have a civic responsibility to vett any website which wants to be advertised through them. They have a reputation and users can easily trust their recommendation.
Google and play store have received lots of backlash for promoting s am platforms without doing their due diligence.
There is however still the possibility that they didn't discover the scam accusations before promoting the website.
1863  Bitcoin / Bitcoin Discussion / Re: Whole coiner status in 10+ years on: July 10, 2022, 08:04:53 PM
What do you think it it will mean to have an entire bitcoin as we truly hit the depths of supply shock. That moment when there is no turning back from terms like "Store of value" and many products are then denominated in Bitcoin?
It could mean one of two things,
• A regular person identified the potential in Bitcoin early and invested wisely over a period of year, gradually building their stash up to the value of 1BTC, or
• Late institutional investors are struggling to join the Bitcoin party and grab as many coins as they can from the market.

In the first scenario, you could be said to be a financial genius by many and you would have acquired many financial lessons along the way to building your stash. The second scenario wouldn't mean much.

For me I imagine a world where someone wants to start a project and as a whole coiner, you walk in and have the ability to angel invest on a dime, or by simply  being in the room you are collateral for innovation.
My objective of being in Bitcoin would be to not be identified to hold any when I walk into whatever room.
1864  Other / Meta / Re: Should there be a central warning board (not reputation) on: July 09, 2022, 07:14:08 PM
A central warning board if created would be very broad and defining what should and shouldn't be posted there might create some confusion.
It's a good idea, but, imo it would be greatly abused just as the press board in now, or it would be very strict in moderation leading to little or no interactions.

This suggestion, sounds very like the serious discussion board, which many members do not visit.
1865  Bitcoin / Bitcoin Discussion / Re: Btc and crypto can only stay if it getting simple also secure people are afraid on: July 09, 2022, 02:47:39 PM
Also even if fiat curremcy is gone...right now the crypto wallets are difficult to use it should be simple as your online banking app then it can be mainstream use case.
I can create a Bitcoin wallet with no transaction limitation within 2 minutes.
Creating an account would require identification, paperwork, visiting a physical Branch and possible future visits in certain situations.
A Bitcoin wallet seems easier to me. There's also nothing technical about transacting on a Bitcoin wallet.

Even the fiat can end its the people who choose what they want to use it the btc volatility not good point either most if people are not with financial background neither tech background they can not understood the usecase or value of btc the volatility scare them.
Anyone with knowledge of investments or a few minutes of research would understand volatility.
Also, you don't need deep financial background to understand how absence of third party interference in your finances is good, or to understand how inflation adversely affects you.

So the question is is there are clear plan and path way to resolve those mentioned issues so the non traders non speculators or swindlers will start to adopt and get in crypto and use it daily ?
Everyone must not use Bitcoin.
The protocol is not going to change to be more accepted, if fiat, stocks, commodities, etc works for you, then stick to them.
1866  Bitcoin / Bitcoin Discussion / Re: Get your coins out of Coinify ASAP on: July 09, 2022, 02:24:19 PM
The safest place to have your coins saved in all markets, but mostly in a bear period is in your non custodian wallet.
A non custodian wallet is as easy to navigate as any one out there, and if you have any difficulties, you can always ask here. If you are not an active trader, saved transaction cost to and from an exchange is quite negligible.

The bear market (safe to say because we had a drop from $68K to $69K) played a vital role for it if I am not wrong.
Drop to $19k you mean.
Would have been fun to actually drop higher tho  Grin
1867  Other / Meta / Re: Guest safety on: July 06, 2022, 09:05:00 PM
We are pressing it too hard.
This is a forum. Not a review site nor a scam hunting site or a site who separate wrong from right on the internet.
It is just a forum. Flag, trust score etc are just some features to help the community members. We do not need to care about the entire world wide web ☺️
Guests and visitors are not the entire www. They are users who stumble on the forum or where recommended to go here and are yet to create an account.
I for one usually advice users to browse around as a guest and learn about the forum, read rules, explore the features etc, before registering an account here. That's one reason I would want those users to either have available features to avoid possible scams or their exposure to them be reduced.

Trust score helps only when a user wants to trade with another user. It's visible on reputation, service such type of boards. The flag works the same and it's absolutely fine for me.
The issue with that, is in the highlighted case, trust flag would only be visible on the 1xbit thread, users with the signature will not have any flags or warnings about them promoting a scam project.
1868  Other / Meta / Re: Guest safety on: July 06, 2022, 12:13:50 PM
Why are people that do not register on this forum not seeing the positive, neutral and negative trust of registered users on this forum when they are able to see their signature and avatar?
I certainly do not understand why, and I'll prefer that guests do not see signatures or avatars as well, except maybe, the forum ad.

Guests are limited from a couple of options, like viewing trust, or using the search option which are useful is safely navigating the forum. They should equally be limited from viewing signatures and avatars which are means of advertisment, as they are not adequately informed on which links are considered safe by the community and which are not.
1869  Other / Beginners & Help / Re: Need someone's help. If you can help that would be great on: July 05, 2022, 10:01:21 PM
I'm really curious to understand how someone else could have gotten control of your trust wallet address and be able to sign transactions.

Are you the one who received the first transaction on the address from about a year ago and how long have you been using the address? Also, have you had any issues with any other addresses you may have on the same device?
Best to move all funds to a newly generated address on a different device or hardwallet and then find ways to debug your compromised device.
1870  Economy / Reputation / Re: Is it trust system abuse to increase Trust Score by Dabs? on: July 05, 2022, 08:58:27 PM
Not only does this approach boost trust score, it also motivates users to leave more positive feedbacks for a chance to get on DT2. It's an all round attempt to pad trust overview and make themselves more trustworthy, particularly as they are selling a service.

Wrong use of the trust system for me.
1871  Other / Archival / Re: Goldman Sachs' Bitcoin Journey on: July 05, 2022, 08:33:39 PM
If you read many of the comments on new technologies like the internet when it first came out, they were mostly criticisms about how it can not work and the old system being better,

This forms part of the 'diffusion of innovation model', which explains how new concepts are accepted. It's a slow process with the vast majority being against it at first, but they eventually join in with the late majority and laggards, especially when it was a great innovation to start with.
Brands like Goldman Sachs which are motivated by profits would no doubt jump on the train when the market turns up. I would not be too surprised if they criticize it at a later time if it keeps dipping.
1872  Other / Meta / Re: Update of Information on Aventus on: July 05, 2022, 07:40:15 PM
I am the Commercial Operations Administrator for Aventus.
I have been tasked with updating the page that you have for Aventus as all the information contained on there is out dated.
Bitcointalk is not an organization, and it tries to be as private and anonymous as possible. This means that the admins do not "have" a page for aventus or any other project and cannot update it or give anyone else besides the thread starter access to edit that thread.

We either need permission to delete the page or to to update the page. The staff member who created this page on behalf of Aventus is no longer in their employ.
Open a new thread as suggested. If you want to try avoiding confusion, you can also drop a neutral feedback on the previous account, linking to the active profile and thread for the said project.
And this time let it be done professionally, to allow easy transfer of ownership.
1873  Economy / Economics / Re: Zimbabwe resorts to gold coins as local currency tumbles on: July 05, 2022, 05:02:09 PM
I'm failing to see how this approach can actually help with inflation. Gold is used globally by individuals as a hedge for inflation, making gold a legal tender would not necessarily affect spending or inflation rates; It is just sort of a reminder to the citizens that they can explore other hedges against inflation, while the currency collapses.

It also comes as no surprise that the citizens are actually not bought into the idea of trading off their local currency for gold coins. The country has shown inability to maintain the economy over the years and has been unable to instill any sort of confidence in the populace, and even switching to USD and abandoning their local currency again would do little to change that.
1874  Bitcoin / Bitcoin Discussion / Re: Hacker claims to have stolen 1 B records of Chinese citizens, demands 10 BTC on: July 05, 2022, 04:51:01 PM
These sort of reports or rumours only accentuates a problem which has been existing for quite a long time.

Data is on high demand globally, not just in the darkweb. Businesses, government, brokers, intelligence agencies, politicians etc. Everyone is trying to get their hands on as much data as possible.
Governments, especially dictatorial ones like China holding personal data of citizens does not instill confidence at all, and those data getting leaked to the dark web creates more problems.

Asking bitcoin from a country, that actually banned it.
No ransom was requested. The hacker is allegedly putting it up for sale in the darkweb.
1875  Bitcoin / Bitcoin Discussion / Re: Now is the time to just wait for the price of Bitcoin to come down. on: July 05, 2022, 04:38:56 PM
The cryptocurrency market has been collapsing since December 2020. In the meantime, one unfortunate incident after another has hit the market.
Zooming in on Bitcoin, there has been no particular unfortunate incident which has affected it. Instead, we have had series of events causing global crisis and negatively affecting all markets.

For those who want to invest in cryptocurrency, or have already invested and want to avoid losses,
The surest way to avoid losses is to not sell at a loss. Having your portfolio fall below your break even point does not mean one has incurred a loss. The market is volatile, but one constant is Bitcoin has been appreciating in value over the years, you just have to o hodl long enough.

If you have to invest, you have to wait a few more days. Because if you invest in a downward market, you will get a lot more profit.
Bitcoin is down about 70% from its last ATH of less than a year ago. That is a downward market.
Waiting for further dips is like trying to call the bottom which isn't exactly possible.
1876  Other / Beginners & Help / Re: Bitcoin is freedom money on: July 05, 2022, 07:43:33 AM
<snip>
I consider it preferable to visit the actual site you want to link to, before copying the URL. This way, you have a link without the extra characters which Google use as tracking codes, and your result would look like this; https://www.investopedia.com/ask/answers/09/paper-money-usa.asp.
You can also hyperlink, using the URL tags;
Code:
[url][/url]

Bitcoin offers freedom only when used properly. Many users store their Bitcoins on centralized exchanges which can always freeze or limit you from making withdrawals; hence you are depending on a third party to gain access to your assets.

By combining a non custodian wallet (like electrum) and a P2P decentralized exchange (like bisq), you can fully use Bitcoin freely.
There are other steps you can take like running your own node, using coin mixers etc to achieve higher levels of privacy.
1877  Other / Meta / Re: Curious Question about Meriting on: July 04, 2022, 08:22:01 PM
Now my question is, have you learned so much from a post, a reply, or were you well so impressed with the user that you weren't just satisfied with meriting the post. That you actually went ahead to click to their profile, copied their bitcoin address, and then sent them some bitcoins? Or would you ever do this?
The idea of donation is not as popular now as it used to be during the early days of the forum and Bitcoin. Members were more likely to donate to constructive replies/posts and to the forum as bitcoin's value was a lot lower and less popular.

I have personally never actually donated to a user on the forum, but I've went to someone's profile and read through their post history in search of other good posts to merit because I stumbled on a post of theirs which was very educative (especially if it's not a user I'm used to)
For more established users, I do not often visit their profile as I'm used to quality content from such users.
1878  Economy / Scam Accusations / Re: Bitshield wallet not reputed. Be careful of the noncustododial wallet... on: July 04, 2022, 08:03:09 PM
Totally agree and you also have some of these entities running a long con, basically waiting for enough bitcoin to be put into wallets and value to equal a certain amount of fiat.  So when all of this lines up, which usually takes some time- typically 1- 2.5 years, and abundant positive reviews are garnered, then the rug pull occurs.
I have seen many a scam with this same operandi, and victims falling for them everytime without doing their due diligence. If anyone actually does their research before putting their bitcoins into wallets or exchanges, they would avoid platforms which does not actually give you control of your assets.

When you want to download a wallet, you should visit their official website, scroll up and down then get a link to Google Play or App Store, and download that wallet from there.
This is a good advice, and would help when downloading reputable and secure wallets, so as not to get the wrong application. But in this case, where the entire platform is a potential scam, it wouldn't really protect users.
1879  Economy / Scam Accusations / Re: Bitshield wallet not reputed. Be careful of the noncustododial wallet... on: July 03, 2022, 06:27:58 PM
Did a quick search on the wallet on playstore and it does have a decent amount of downloads, but lots of bad reviews. More notably, many of the reviews from late last year to now are mostly complaints about their funds getting stolen, but much older reviews are mostly positive.

Sadly, many users do not do their due diligence when getting into bitcoin, and maybe do not understand the responsibility that comes with being your own bank, leading to mistakes and errors.

The Abra platform has a much higher amount of downloads and similar influx of bad reviews, so there is likely more victims from there.
1880  Bitcoin / Bitcoin Discussion / Re: Bitcoin Will Be a Failure Even If It Hits $100,000, Says "Black Swan" Author !! on: July 03, 2022, 06:18:20 PM
Well everyone is right in their own way and entitled to their own opinion. He has said what he knows best as an expert and professional in the making but that does not stop Bitcoin from being the first and Genesis of blockchain.
Everyone is entitled to their opinions, but everyone is not right in their own way. There are charts and history which one can take a quick glance at and educate themselves about whatever subject they wish to discuss on.

This is not even a logical criticism of Bitcoin in any way.
Undervaluing the effect of the market price and how it doesn't matter if it rises, while criticizing the current bear period is counterintuitive
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