Bitcoin Forum
June 22, 2024, 03:58:24 AM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 »
1  Other / Meta / Could there be a "like button"? on: May 13, 2024, 09:51:52 PM
During my time spent in the forum, i've received some replies to my post and i've read many informative post which help guide my navigation through the forum, giving out merit might be a little bit difficult as there are limitations to that, so many times wish i could hit the like button in every educating post i come across, to show gratitude towards the op, and also shows how relevant a particular post/reply is, (i.e from a wide range of reply, a reader and easily skim and scan a post and get informed in no time through the engagements a particular reply have).
2  Other / Beginners & Help / Re: Receive Merit - Post your PGP key, add an encrypted message, open for anyone. on: May 13, 2024, 09:19:20 PM
This is like Chinese to me, and when i made my research on "PGP", i can't seem to grasp anything from the description, can someone put me through, i wanna have fun too.
Start learning Chinese so you don't get scared LOL
Here you can have some resources.
@Just Say, I will check your message tomorrow when I will have my main device available.
I'm using Android to start with, i went through the link you shared but i wasn't able to download the app to my phone, or am i doing it wrong.
I'll appreciate if you spare sometime to put me through, i really wanna get this.
3  Economy / Speculation / Re: Volatility and its effect on: May 13, 2024, 08:53:03 PM
The total quota of coins in the cryptocurrency is set at 21 million by design; when the circulating supply approaches this number, values are projected to increase. Source: www.c[Suspicious link removed]m
Bitcoin's maximum supply is 21 million. Some other cryptocurrencies have their hard cap, examples are Monero (XMR) and Dash with 18.9 million, and XRP and Tron (TRX) with a supply limit of 100 billion. Some other cryptos have unlimited supply limits.

Something like this is not happening for the first time, bitcoin is known to be a highly volatile cryptocurrency and what we have to consider most is the market supply and demand for bitcoin, the value of bitcoin if we are to consider that one as well isn't stable in recent days and the exchange rate is increasing more in value with BTC/USD, this is another good reason why holding bitcoin is more valuable than any form of currency because you will miss out any exchange rate opportunity than when you're holding fiat currency alone.
Bitcoin is the most stable cryptocurrency. Other cryptocurrencies are highly volatile because their prices can go very high in a few minutes and nosedive in another few minutes. But we hardly experience such with Bitcoin. Bitcoin is when more stable than some fiat currencies and even my country's currency is more volatile than Bitcoin. I can say that Bitcoin is quasi-volatile
You are quite right about bitcoin been the most stable cryptocurrency, but in exchange with other currencies, it can be highly volatile, with price going from 0.1_0.5 within a blink of an eye.
4  Economy / Speculation / Re: Volatility and its effect on: May 13, 2024, 08:40:29 PM
Volatility is the evaluation of how much value of a financial asset fluctuate on a particular time.
Averagely, Bitcoin volatility ranges between 1.68%_4.54%, where Wednesday is the most volatile day compare to other days and Saturday which is the least volatile days.
How true these words? I mean, what makes Bitcoin more volatile on Wednesday and less volatile on Saturday? This doesn't make sense since bitcoin exchanges are not closed 7 days a week.

Yes, this may be true in the forex exchanges, because it is closed on Saturday and Sunday. As for the cryptocurrency exchanges, I do not think that this is accurate.

These are applied to forex exchange market, particularly BTC/USD, where the volatility and signals varies in some days.
5  Economy / Speculation / Re: Volatility and its effect on: May 13, 2024, 08:20:21 PM

I think "no control" is something that matters a lot in this regards.

I couldn't agree with you more; without control of number of sells or purchase, they won't be a limitation to how an item can rise or fall.


In my understanding the factors and the volatility are directly dependent, anything can happen.
[/quote]

The factors are directly dependant in the sense that it what triggers the choice of marketers(sellers/buyers) and thus, causes the fluctuation in the market.
6  Bitcoin / Development & Technical Discussion / Re: What to know of Nodes and Running a Node on: May 11, 2024, 03:23:29 PM
Node are more or less a medium of communication that sends, receive or processes bitcoin data. Node performs two main task:
(i)keeps duplicate copy of the blockchain, just like your phone keeps records of your calls in "call logs" and messages in "message inbox"...
A significant difference is the type of data nodes have and distribute. Your phone keeps records of YOUR calls, YOUR messages, and other history about you. Nodes process global data of everyone that interacts with the network.

All you need to run a bitcoin node is a computer and an internet connection...
And a lot of free space to store the blockchain data if you intend to run a full node. Alternatively, you can run a pruned node with much less needed disk space.
That's quite a broader explanation about node, but in layman sense, i still think phone is a perfect example of node funtionality, as phone keeps all your call records and also messages, so also the node, though, node is wide as it processes global data, so therefore, its definitely going to require larger memory disk than phone.
7  Bitcoin / Bitcoin Discussion / Re: Share your top mistakes in crypto - learning from others experiences! on: May 10, 2024, 10:19:41 PM
Share your top 1-5x most important mistakes you made during your journey in crypto that you won't make again and have brought you closer to success. I think we can learn a lot from the mistakes made by others.
During my sophomore year in the university, after learning little about crypto, without having any source of income aside the allowance i recieve from my parents, i quickly jumped into investing, thinking i might get to buy a ride before my final year. That choice led me into anxiety and depression for i thought it will come fast, after time spent in the crypto world, i realized that i need to have a job which i can use to fund my account, ever since then, i'm rather excited than anxious about the thought of the future.
Cryptocurrency is a secondary market where digital transactions are carried out, so therefore, to become successful in the crypto world, one have to have a primary market experience too, (i.e you need to partake in the three dimensional market too).
8  Other / Meta / Re: question on posting pictures on: May 10, 2024, 09:34:32 PM
Hey everyone

It seems I can no longer post pictures I have in my imgur account.  What is the best way to post pictures these days ?

Thank you

The Dolphin
I find this post interesting, because for quite some time now i've been planning to make a post in the forum which involve picture illustrations, but i didn't know how to go about it, i thought i have to reach some certain height in rank before i can do that.
9  Other / Beginners & Help / Re: Receive Merit - Post your PGP key, add an encrypted message, open for anyone. on: April 22, 2024, 09:06:06 PM
Many of you don't stake your PGP, I am sure a lot you don't even know how to do that and a lot of you is hearing the name for the first time. I need to have some fun.
 
You need a merit or need to have just fun?
I will award you one but you need to [1.] post your PGP key [2.] post an encrypted message for me

I must be able to successfully decrypt it.
Not more than one successful entry per member.

Finger print: 50D9 7A35 B672 86DF B91D  DF3D 63B1 52DE FEC7 283D
Code:
-----BEGIN PGP PUBLIC KEY BLOCK-----
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=wFDZ
-----END PGP PUBLIC KEY BLOCK-----

Warning: If anyone cheats please catch him, I will tag the account for abuse.

Update:
Pending merit list: https://bitcointalk.org/index.php?topic=5461523.msg62960481#msg62960481
This is like Chinese to me, and when i made my research on "PGP", i can't seem to grasp anything from the description, can someone put me through, i wanna have fun too.
10  Bitcoin / Development & Technical Discussion / Re: OMNI-UTXO for Bitcoin Network on: April 17, 2024, 08:52:16 PM

Simply, the legitimacy of all on-chain states and operations can be equivalently verified and recorded simultaneously over different consensus spaces, regardless of where they were initiated. Thatís why we call the new token protocol OMNI-UTXO.

Usually, UTXOs are used in bitcoin for validating transactions and also calculating the total sum of all the UTXOs locked to an address.
In my understanding, the new token protocol "O-UTXO"you elaborated serves same purpose as UTXOs, so my question here is, what different purpose does this new protocol serves, or is it the modification of UTXOs?
And also, is O-UTXOs also stored in chainstate database?
11  Economy / Economics / Re: Do you believe in savings or investment on: April 14, 2024, 01:54:11 AM
What I think is that they lack information about these investment ideas and for those who knows about them but still prefer to save their money may just be ignorant and unwise.
After going through the post and some replies, i see that including the "op" and some members support the motion that investments is the key to unlocking financial security.
They is a saying that goes thus; "if you want to be rich in life, invest/business, if you want to sustain your life, work for the government", to me, this is the much people needs to know about earning a lifestyle, then is left for them to pick which side they'll be on, because not everyone can withstand the rigor of investment.
My 2 cens.
12  Other / Beginners & Help / Re: Do you think merit is by chance or lengthy article? on: April 03, 2024, 12:52:28 AM
You don't need to create a thread or write a quality article first before you can earn merit. Merit is given by different members for different purposes; all that's needed is to be yourself and be productive.
 
You can earn merit by just asking the right question, and you can also earn merit by just answering other people's questions and solving a problem.
 
Merit most often comes from places we might expect less of. What we think others might like and see as worthy of merit might have a different picture in their own view, so it's best to focus on being yourself rather than looking for ways to make a post that will earn your merit, as that might end up leading the person to nowhere. 

You really boost my horizon on how the whole forum works, in a simple statement; we are all here to share and receive knowledge, one gets accolade by the knowledge he shares for the benefit of others.
13  Economy / Trading Discussion / Re: How long to learn trading? on: March 13, 2024, 11:13:50 PM
How long it takes isn't what to consider, but how well you understand it. One thing i'll assure you is that learning slow yield better result. Here are some guide lines:
1: Get a tutor,
2: Take your time and learn the basic fundamentals
3: Have one or two community you are into,
4: Develop a strategy on how to approach the market
5: work on your strategy
6: 5
7: 4 and 5
8: 7.
14  Bitcoin / Development & Technical Discussion / Re: What to know of Nodes and Running a Node on: March 11, 2024, 02:49:57 PM

A NODE is a physical device such as the computer or a device of its equivalent that participates in the confirmation and storage of Bitcoin data. In essence, this is to mean that, any computer device that is used in Bitcoin confirmation and data storage is a node right?

how then do one gets to link his personal home computer to a sophisticated network such as the blockchain network, in essence, run a node and do confirmation tasks.

I could go on and give you an elaborate details on the subject  topic "node", but since your questions are specific, i'll be concise.
Node are more or less a medium of communication that sends, receive or processes bitcoin data. Node performs two main task:
(i)keeps duplicate copy of the blockchain, just like your phone keeps records of your calls in "call logs" and messages in "message inbox", and with this information your node has, it can perform it second task which is.
(ii)validate those information and relay or carry out new transactions and blocks.
All you need to run a bitcoin node is a computer and an internet connection, just as all you need to make a phone call or send a text message is a phone and a SIM card.
Follow the link below to start your bitcoin program
https://bitcoincore.org/bin/bitcoin-core-26.0/bitcoin-26.0-x86_64-apple-darwin.zip
15  Other / Beginners & Help / Re: Patience is power on: March 03, 2024, 09:46:00 PM
should go through what the high ranked members post before making their own post and after going through series of threads I decided to read as much as I can and to hodl as much as I can and now all my technical analysis are going towards my direction and the chances of loss has reduced
My own experience about trading these coins and my view is that, trading is a side gig not a permanent job, as the user doesn't enjoy health insurance or retirement plans.
Meaning, to have a side gigs, you need to secure a permanent job with a monthly or weekly payment, so as to trade efficiently, what makes a winner is the courage he possess, having a side gigs will go a long way in boosting that courage.
The second key element is patience; knowing about market flow is something that has to do with careful analysis and patiently waiting for the wave to come to you, heeding to the fact that you can't change the direction of the flow, so learn how to follow it.
16  Other / Beginners & Help / Re: Reason for acquiring bitcoins. on: February 08, 2024, 12:36:07 AM
The reasons why people buy bitcoin is all the same; to make profit from the initial investment, but the approach towards the market might varies due to level of thought or mentality.
But one thing i'm certain is that, 1:2 of bitcoin investors are pushing to be capitalist rather than the communist the government wants the citizens to remain. I see bitcoin investors as individuals who wish to take control of their wealth in their own hands, they wish to go through the pain and the joy that the market may bring, rather than saving up money in the bank and letting others use it.
They chose to work for themselves to gain wealth.
17  Other / Beginners & Help / Re: How can I start investing in Bitcoin? on: December 14, 2023, 10:42:52 PM
Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?
Speculating if cryptocurrency is suitable investment to engage into?
Ask yourself these questions:
°. How well do you know the crypto world
°°. Can you handle the risk it comes with?
°°°. Do you have a side gigs to always bring you back up when you lost a trade?
If you choose to invest considering the factors above, then you should note this:
a. If you want to invest into crypto, particularly bitcoin, you should know the value of blockchain and why theory like mining and cryptography hash (decoder which receives variable length to return output of a fixed length) are of great value to its function.
b. Also, one of the important fundamentals is staying up wth crypto trending news.
After your observation about how the economic work, ask yourself "am i sure it value will ascend?", If you doubt your instincts then don't do it.
c. Be ready for market fluctuation because crypto is highly volatile.
d. It is also suggested that one should have a specific strategy on how to approach the market.
18  Other / Beginners & Help / Re: How you start a particular journey matters a lot. on: December 14, 2023, 09:59:21 PM
I've read so many threads where people assert that they sold or intend to sell an asset just because they want to invest in Bitcoin, while this might present the person as someone who believes so much in Bitcoin and even went to the extent of selling an asset just to invest into it, is it the right thing to do?

I have attended a lot of business seminars and one of the key advice we receive most of the time is not to start up a business with borrowed money as it will put us under unnecessary pressure and the outcome doesn't always end up well and although selling an asset to start up a business or in this context, buying of bitcoin isn't directly borrowing, but it goes a long way to show how unprepared you are, venturing into that business.

And I guess this is the reason why a lot of people can't hold their bitcoin for a while before selling it off in times of minor challenges.

I still will want to reiterate that the idea of investment isn't for people with no source of income who have to start up their bitcoin investment journey with the money realized from the sell of an asset or even considering using a borrowed money, it won't let you to invest profitably and so I just want to advice all the newbie and old folks that intend accumulating bitcoin but that don't have a means of doing so now to work first In their personal lives and ensure that they get something going on in their lives before venturing into accumulating Bitcoin.

Remember that bitcointalk.com is not an office and so you should find other sources of income and then you will appreciate the forum and your holding will not become the nearest option to consider whenever an emergency sets in.
This is an important factor to consider as a trader, having side gigs won't only keep the trader afloat, but also helps in keeping up with consistency.
I witnessed someone who deleted all his trading apps and relocated back to the rural settlement where he can cultivate crops, he starts to harvest after some months of hard work and back breaking labour in the farm, as soon as the income becomes steady, he resumed back to trading by reintroducing himself with the fundamental knowledge on crypto world, and it works out for him.
Side gigs does a lot in boosting trader's courage and courage as a trader is a key factor in your trading habit.
19  Other / Beginners & Help / Re: Newbies say no to Trading. on: August 20, 2023, 08:08:23 AM
All these predictions are more pseudoscience to me.

I wouldn't say that if i was you, Prediction of the future movement of any pair is proven to be science not pseudoscience; because it has the features of fundamental scientific approach, with all claims, this experts learn from observation, ask empirical question, and also they are many journals describing in details the method they used in their research. Prediction is not 100% right not because is not science, but because spairs" behaviour is determined by many external factors.
20  Other / Beginners & Help / Re: Features that destabilised people in bitcoin on: August 14, 2023, 03:45:47 PM
I think fear of losing money could also be one of the factors that destabilize investors, traders invest their funds without proper orientation or not bearing in mind that no investment on this earth is safe.
The fear of losing money will only make you loose more or it will stop you from taking a huge step in your trading life.
A trader should bare in mind to loose some money but applying proper risk management will help in staying longer in the market.
Pages: [1] 2 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!