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You can just buy an old cheap laptop with the said characteristics... I think OP is looking for a more cost-effective solution. Something equally good as a hardware wallet but probably cheaper. he didn't say cheaper, but I am pretty sure that is what he meant. He doesn't own a hardware wallet yet and buying any kind of laptop is a more expensive investment than a hardware wallet. If OP stored Bitcoin only he could consider generating a paper wallet, but since he has other coins as well, a hardware wallet is the best balance between price, security, and ease of use. I don't think so. There are $50 cheap old laptop in the local market here in the Philippines which could serve its purpose. And if the OP wishes to buy a hardware wallet overseas rather than here in the Philippines then he would pay a good amount of tax and considering the new memorandum of the Optical Media Board here, the shipment would be delayed a little bit.
How about Mycelium? It is easy to install and security is decent.
More secure than custodial wallet? Yes, but the security hugely depends on security practice/awareness of the owner. That's what I thought. |
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You know, here is the thing: if it's too good to be true then be skeptical about it. I check it out and in my display there is this grave accent on "e." Also, in my opinion, those who are gullible enough are the only ones who would fall for this scam. It is like saying I would give you BTC but first you pay me, sounds very logical to me LOL. P.S. I just realized that there are more fake accounts commenting on that post. Here are the other bitcoin addresses used: 1GhVe3tNAG6Eg91P7A4QjWHEn8caiEuWm1
1Ki94wXodBzfgZnsFyGdYwhLC8eUE2krVG
1CcjFEjvxSXNTXrq1JnrSjkx1hXrj9fQLm
Though it doesn't really help at all  At the very least, just check first if the account is verified like some sort of a check sign beside its name. |
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I also do not have an extra old laptop that I can use as an alternative airgapped wallet.
You can just buy an old cheap laptop with the said characteristics as mentioned in this thread: [Guide] Secure air-gapped crypto wallet storage method. Or just ask someone you knew maybe they have some.
How about Mycelium? It is easy to install and security is decent. I was using Mycelium before I purchased my Trezor (which is worth it in my opinion) which was a very long time ago and never have I encountered any issues. There may be more features, improvements that had been made since the last I used it. On my coins.ph account, I just store enough to spend it on buying a load, paying bills and occasionally use it to convert my cryptocurrencies into PHP. You can read in the local thread how hassle it is to store huge amount in coins.ph and I don't want to undergo such a thing. |
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I am more curious about this: You also earn virtual points called "votes" when other people upvote your content. People with a high number of votes are shown on the leaderboard!
Where will you get the money or cryptocurrencies to pay people with the virtual points that they have earned? Would you run an advertisement perhaps? What is the minimum withdrawal? How will you market your social networking site? Also, it is only available on Android phones and I would appreciate if we can download it on App Store or at the very least access it on our desktop browsers but I get it that the project is still at its early stage. As mentioned that there a lot of projects similar to this but all of them failed that's why I want to know about your long term goal and what steps would you do so your project wouldn't end up just like the others. |
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I don't think that this is the right section for this. I just came across your thread and this is not what I had expected to find here. Though you have a nice list but you might want to consider moving it to our local section perhaps (or to other more appropriate boards)?
Nice compilation kabayan maganda to para meron na tayong basehan kung sino ang mga active na pinoy hindi lang sa local kundi sa buong bitcointalk.org na din.
Pero parang may kulang kabayan at yong pinaka importante pang mga members kundi ang ating mga moderators Mr.Big and Dabs
Again thanks sa thread kabayan.
I want to warn you that you are violating rule number 9 of the forum's rule: 9. Discussions in the main boards must be in english. All other language discussions should be posted in the appropriate Local board.
EDIT: @kotajikikox's violation is an honest mistake and as such edited his post. It seems like it had been moved from the services board to off-topic. I agree that it would be more appropriate in these sections: Reputation board is good but I think this topic is good to transfer on service discussion board https://bitcointalk.org/index.php?board=85.0 since most of the filipino listed above is campaign joiners so better talk about that there without disturbing the users who are seeking for other essential services. |
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Pwdi ko pang kunin funds ko sa coins.ph kung hindi na maibabalik sa recover yung account ko?problema lg nasa province ako..pagkakaalam ko need pumunta sa office nla para makuha mo funds mo pero ang layo2 ko ie
You still can. There is this certain user whose coins.ph account had been suspended recently I asked if whether he can still possibly withdraw the remaining balance inside the account and here is the response: A formal, notarized request for account termination and withdrawal of funds.
A notarized copy and certified true copy of your acceptable government-issued identification on a separate page.
In my experience, you need to file for an affidavit para mawithdraw mo yung remaining funds mo, with is a tedious process at dahil quarantine ngayon eh hindi mo talaga magagawa.
You can view the thread here. Have you contacted them? If you haven't then you should para mas mabigyan ka ng specific instruction sa process at malaman mo yung options mo sa pagwiwithdraw whether needed pa pumunta. Pero di ata nila maprorposeso agad agad yan dahil na rin sa quarantine kaya patience lang siguro. |
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Now the price is going up and if you didn’t you buy you have missed out.
Considering the time you had posted this where the price of BTC is pumping which I think is unusual and at this moment where I am typing this reply, there is an indication that it would dump: This is clearly a case of FOMO whether you are doing this intentionally or not. This is not right since a good trader should think with a rational mind and I always got this notification from a known exchange in its mobile application warning me to trade responsibly in the times where the market is very volatile which involves risks which brings me to my next point. It is precisely with risks that the statement you had said shouldn't appeal to the emotions that might lead you to a loss but rather analyze what the graph tells you along with the information, news circulating around which you could use to lay foundations of your judgment. |
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I am very skeptical with the recent development of Bitcoin's price over the past days which I think is very unusual and in fact in your statement: Will we see the 12-15k$ in early next month?
This is exactly what I think to have driven the price this high. In my case, I do not find this the right time to purchase BTC because it may dump anytime after they realized that the movement was too sudden. It is quiet surprising tho since not too long ago (last month) the price was around $3.7k compared to the current price (which is $9.2k in Binance as of writing this). I am just waiting for the market to calm down so I can resume trading. I don't know how to proceed trading considering how unstable it is at the moment. |
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~snip I understand that in order to save money, it is better for me to shop with my wife, who knows all the prices of the products that interest her.
What!? How on earth? What I thought is that women are shopaholics in nature (just in different levels lol). That's why I hate my girlfriend to go with her in the mall unless I'm prepared for squezzing my pocket . You've got a practical partner dude. I think those two guys are the women of their relationships... I actually couldn't find from a mainstream search any article where women spend less than guys (although a lot of their clothes are unnecessarily expensive and without pockets - still not exactly hard to add if they wanted to)... I think that it is not about gender really but rather on the person's point of view regarding their finances. There are guys out there who spent a lot and may not be much on clothes unlike girls but the point is that it is a matter on how much aware you are with your expenses. It might be beyond the scope of the topic of this thread but both genders have their own tendencies to spend as much as they earn for various reasons it may be luxuries along with many others. |
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As a student, I always spent my allowance without keeping track on it and I always find myself surprised that I have little or no money left that I can spent for the intended duration of that allowance but that's in the past. I am more conscious now but not to the point where I kept track all my of spending rather allocate for savings that I might use in the future to buy something that I want or need while the rest I spent on whatever I want. Now that I'm into cryptocurrency more so in BTC then some part of it goes to investing or some sort like lending and etc. ...try to follow a 3:2:1 methadology or similar (also known as a 50:30:20)) - I'm quite a minimalist financially though to a comfortable extent.
It's my first time to have heard of this methodology or I might have heard it in the past but can't remember but either way I might as well try it. It seems simple and effective. |
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On the other hand, we can consider the risk and the reward as independent to the other. The thought that I was trying to convey, the book rather, is that the amount of reward/profit isn't always determined by how much the risk there is which is very unlike to what most of the people had believed.
It would be great if there's a mathematical equation to find where the golden point is. I agree with the idea, but practicing the calculation is difficult. DWYOR and DYOR is like doing a lot of work but you don't know which one is important and should be prioritized, which one is fine if you ignore it. Most people seems to just throw a bunch of words about risk/reward without necessarily explaining why they do this or that. You can check the article and the informative video that I had link in the OP about how they compute to determine their point with regard to risks and rewards. If anyone had the time to invest time to read a book or anything related that would help them especially being as a trader then it would be a good example for minimizing the risk while getting a greater reward. Don't you agree?
"Maximum return is not achieved by taking maximum risk, but rather by exercising maximum intelligence and skill."
If you're taking a maximum risk without maximum intelligence and skill then you're a prize twat. It seems rather obvious to me that you need to be bold to benefit. Allocating 0.01% of your net worth to Bitcoin is not going to get a maximum return. You need to apply boldness with foresight and care but your returns will only ever be bunch of what ifs if you pussy foot around. Sometimes you have to throw it down and duke it out. The main thing I don't see when people are taking risks are their escape plans if it's the wrong one. That's what gives you the ability to fight and benefit another day. The thing is having that mindset that to be bold to benefit isn't really accurate. There are times you need to be bold while there are times that it isn't necessary. People need to work smart. You need to understand your options and analyze if the risk is necessary and if there is a more less risky approach while benefiting you with the same amount of reward and even greater then one should be inclined to choose the latter. The misconception is that people think that reward is always associated with risk but I beg to disagree or rather you can take the words of Benjamin Graham who is also known as the "father of value investing."
Moreover, Warren mixed that with companies that he thought would basically be always relevant, like Cocacola or Gillette or Washington post and the likes, because they would basically be always around. None of this could be applied to bitcoin.
Would you care to elaborate? I am honestly interested because you seem to know more about the subject. Isn't there any idea provided by him that we may use in trading cryptocurrencies or just simple cryptocurrencies in general particularly BTC? |
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1. Ano ang cryptocurrency?
Para sa akin, ang cryptocurrency ay kadagdagang mode of payment aside sa fiat na ating ginagamit na may kaniya-kaniyang convenient uses depende sa sitwasyon bilang halimbawa nalang ng international transaction na walang duda na mas mabilis sa pamamagitan ng cryptocurrencies kaysa sa traditional remittance centers. 2. Saan mo nalaman ang cryptocurrency?
Kaibigan. 3. Payag ka ba na isakatuparan ang cryptocurrency sa bansang Pilipinas?
Kung ang tinutukoy mo ay legalization, oo sapagkat ito'y nakakatulong ng higit lalo na sa mga naghahanap ng extrang pagkakakitaan. 4. Ano ang naging dulot sa iyo ng pag-gamit ng cryptocurrency?
Bilang isang estudyante, mas malaya at responsable nako sa mga finances ko. 5. Sa iyong palagay ano ang mga dahilan kung bakit hindi lubos na kilala ang cryptocurrency sa bansang Pilipinas?[/b]
Dahil karamihan sa atin ay skeptical sa makabagong teknolihiya na ito lalo na't wala itong pisikal na anyo katulad ng kinagisnan nating salapi. Wish you luck sa research na gagawin mo. Nawa'y nasagot ko ng naaayon ang iyong mga katanungan. Interesado akong makita ang kahihinatnan ng iyong research kapag ito'y natapos na. |
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When I was starting to trade just a while ago, what I want to know is the behavior of the cryptomarket which as we know is quiet different compared to the stock market. What influences the price of the cryptocurrencies in general? Does the price of Bitcoin affect other cryptocurrencies and to what extent? By understanding as how the cryptomarket behaves, then basic strategies would be a trader's next interest i.e. of course assuming that you entered trading with necessary knowledge about Bitcoin.
I don't really know what to expect in the market honestly. All I have is price expectation in the short term which varies from time to time depending on the situation while in the long run I am more concerned with Bitcoin which I am optimistic about to reach new heights and would exceed beyond our expectations as what it had done in the past.
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I think what the author imply in this: The same is true for investing. Research every stock you buy, every investment you make. Don’t follow the hype, don’t trust talking heads, don’t rely on hunches or instinct, don’t follow one or two simple rules/factors and ignore everything else about your investments. Remember that risk and reward are on a curve, and reach for the top of that curve. That’s the way to win the investment game. Nothing new here, and as a rule of thumb, you don't need to over complicate things. I think this philosophy has been one of crypto tenet's: DYOR (Do Your Own Research). Which is very true, to minimized risk and to have a chance of greater reward, then obviously, you should do everything at your control and research first and not follow the hype around a project, simply as that. And this what separates a good investors but an average one, you just pour their money on projects they haven't check out, but just throwing their money and then bitch around when they lost when the projects died, exit scam or just be used for pump-and-dump. What I really meant was this particular line from the article I had link above: As risk increases, reward increases, to a certain point. After that point is reached, as risk increases further, reward decreases.
Although there are times that higher risks yields a higher reward but not all the time because when that certain point is reached then the risks continues to rise but the reward decreases. We should be able to identify when we are at this so called "certain point" because it would be pointless to expose ourselves in greater risks but would not give you the expected greater reward. On the other hand, we can consider the risk and the reward as independent to the other. The thought that I was trying to convey, the book rather, is that the amount of reward/profit isn't always determined by how much the risk there is which is very unlike to what most of the people had believed. |
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...you cant lose with a bot.
I don't really agree with this. If you get the set-up wrong, the strategies that had been mentioned in the GUNBOT thread along with other settings that you need to tweak then you might find yourself on a loss rather than profit and I assume that is also the case with other trading bots. A trading bot is not a magic and a person who is interested in using this should learn how it works to understand what coins are effective to be traded with and what adjustment would you need to do in your bot to satisfy its purpose. It is quiet misleading to say that "you can't lose with a bot" but rather it minimizes the mistakes, risks due to person's emotions and other human errors that might hinder to trade effectively. |
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If you are aiming for a long-term then you don't have to worry that much with the prices. In my case, I buy BTC when I deemed that it was below what I consider as the "normal" price which is subjective to me of course. You can do your strategy tho buying every month despite the prices but I suggest to analyze through maybe through the news, if you are doing TA (which I don't familiarize myself yet with this) then you might want to use it or just simply the graph itself. You might want to use these to determine on how much would you buy this month and the next months or would you rather not just buy at all yet.
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I like to support the aspect of the topic and that is really true but as you said, the saying of traders or mindset is the higher the risk the higher the reward. However, I'm looking on the side where a trader has taken a higher risk and at same time losing the trade. That means the higher risk won't really be profiting when the market takes our order out of profit and giving ur losses. This will
take our balance faster than when we take lower risk for lower gain because it sustains us in the market even with losses, we have opportunity of winning again.
Base on the article that I had included in the OP, there are instances where the risk continues to rise but the profit (reward) is declining hence it would pointless to go ahead with the risk if so. What I don't understand with what you said was after the first sentence. Are you trying to say that losses can be a gain to some? If a person fulfilled your sell order which you are implying you had a profit on while the person who bought that exposes himself in a greater risk buying in the price that you think is high and would go downhill, is that what you meant? In my opinion, I think that is true in a sense that it is a part of the market that there are losses made for other to gain from. |
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Aside sa investment, you can use your account to do bounty hunting, like me I am into translation and content creation right now so that might be a good start to get your feet wet before investing your hard earned cash. You can use crypto earnings to trade as well and as an investment so it's a win-win.
I think you need a reputation to conduct translation since there a lot more translators who have quiet a portfolio to prove their capabilities. I might as well try it and offer a couple of free translations in order to build my experiences and portfolio. Tip of advice : I really can't give you things to earn money, me myself is finding that out and I'd be glad if you study more and engage so you can have experience that no money could buy. Again, I am not a financial advisor and take my opinion as a grain of salt
Thank you for the advice and that's what I really am doing right now especially that we are currently stuck at home due to ECQ. |
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According to Benjamin Graham, you don't really have to take a higher risk to achieve a higher reward.Yesterday, I came by an informative video of the summary of the book "The Intelligent Investor" by Benjamin Graham. What intrigued me the most was when it mentioned that risk and reward aren't always correlated which is very different as what most of us had heard "the higher the risk, the higher the reward." With this new perspective, I have been given a new idea that it is not always the case. There is this quote that I came across in the this informative video: "Maximum return is not achieved by taking maximum risk, but rather by exercising maximum intelligence and skill."
It might be better for you to watch the video yourself for you to understand it even better. Here is the link to this informative video. As such, I researched further to understand it even better what does it mean. You might find this article helpful. What does your take in this? How could you apply it in trading cryptocurrencies? Are there any interesting books, articles or an informative video just like what I have mentioned that you might wish to share? |
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It is as if that fiats aren't also a tool to be used by the these said criminal activities which in fact involves way more money than what it is in BTC or any other cryptocurrencies. I agree with you on this point. What should be done is to implement effective policies with regards to the use of cryptocurrencies rather than rejecting it completely because believe it or not, it would not minimize the criminal activities they are pertaining to. Not sure I agree with you here. What kind of "policies" are you envisioning? Who is going to be implementing them? What punishments will there be? Bitcoin is designed to be uncensorable. Unlike fiat, I can spend my money on anything I choose, without needing prior approval from a third party, and without risk of a third party shutting down my account or freezing my assets. Encroaching on that encroaches on the very nature of bitcoin. Centralized exchanges are already trying to turn themselves in to a police state, monitoring their users, blocking deposits and withdrawals to and from services they don't like, seizing assets and freezing accounts, and that's one of the reasons I would advocate that people stop using them. If you try to implement something similar on a protocol level, giving law enforcement agencies jurisdiction over everybody's coins, then that would be the death of bitcoin as we know it. We should be able to spend bitcoin on illegal goods, because if we can't, then it's because there is a third party stopping us from doing so and so bitcoin would no longer be peer-to-peer. I don't think that Bitcoin being uncensorable would change with the the policies that I mentioned since it really is up to us on how much privacy we ought to share to others especially when we talk about Bitcoin and that, I think, is its beauty. The policies that I am saying is that there are solid ground to the laws with regards to fiats from their definition, extent and restriction that may not be applicable to Bitcoin or any other cryptocurrencies hence those who are caught red-handed may argue and escape the grasp of justice. It is not a matter of controlling but rather setting a ground to what it really is. On 7 March 2014, the Japanese government, in response to a series of questions asked in the National Diet, made a cabinet decision on the legal treatment of bitcoins in the form of answers to the questions. The decision did not see bitcoin as currency nor bond under the current Banking Act and Financial Instruments and Exchange Law, prohibiting banks and securities companies from dealing in bitcoins. The decision also acknowledges that there are no laws to unconditionally prohibit individuals or legal entities from receiving bitcoins in exchange for goods or services. Taxes may be applicable to bitcoins. As of April 2017, cryptocurrency exchange businesses operating in Japan have been regulated by the Payment Services Act. Cryptocurrency exchange businesses have to be registered, keep records, take security measures, and take measures to protect customers. The law on cryptocurrency transactions must comply with the anti-money laundering law; and measures to protect users investors. The Payment Services Act defines “cryptocurrency” as a property value. The Act also states that cryptocurrency is limited to property values that are stored electronically on electronic devices, not a legal tender. https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territoryAlso, by doing so, it could foster mass adoption with regards to Bitcoin with such legalization since people are more inclined to trust or rather willing to learn this new technology which are hindered mostly by their prejudices especially due to the media. It is always up to you where to spend your bitcoins (like fiats) whether in spending it on legal and illegal goods or services but in doing so doesn't mean that you get away with the responsibilities on doing so. |
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