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July 06, 2024, 05:06:36 AM *
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 31 
 on: July 05, 2024, 11:53:56 PM 
Started by vision_line - Last post by Silberman
Once an investment such as BTC is hitting a point of $500, you need to be very more careful about the storage... choose a cold storage means for storing your coins. I don't really know why OP choose Trust wallet actually,  it is a self claimed open sourced but they still shield some stuffs to the public which still makes them  close sourced to public no matter how they seem to  claim open sourced.
For such amount, you should have an HD wallet /watch only wallet, get a device that will always stay cold to sign your transaction every time you need to , still don't know why you didn't learn those because  it really  sucks  Tongue to get hacked using Trust walet

I agree, I can understand that someone that has a low amount of money invested on this market could be apprehensive about buying a hardware wallet, as there are good open source alternatives that are free, but once the money invested hits a sizable amount, getting a hardware wallet should become a priority, especially if the person is not really knowledgeable about computers and how to secure them, otherwise losing their coins is just a matter of time.

 32 
 on: July 05, 2024, 11:43:13 PM 
Started by yawhoist - Last post by BitMaxz
I did everything you suggested before, installed Python27 and it gave me this error:

I searched for similar problems, but no solution.

Furthermore, whenever I was testing, another error also came up:



There is a 'bsddb' component missing, but from what I heard, this is already included in the python27 package, so I installed python2.7.3 and nothing happened

I tested both: joric and jackjack-jj

I have similar issue before I just can't remember where I got the solution would you mind to paste the whole error and put it into insert code tag let me try to find the solution for you.

Can you also try to check the python version via command?
Use this command

Code:
python --version

If the result have some error I think you forgot to check the add python.exe to the path which is why you get some unrecognized errors.
Try this solution https://datatofish.com/add-python-to-windows-path/

 33 
 on: July 05, 2024, 11:31:05 PM 
Started by yawhoist - Last post by Forsyth Jones
I was curious and tried to install this tool, but I was in doubt, in this link you mentioned, the OP says he is working on another project with no name yet.

Does this same command work on the new pywallet or should I download the old one?

It seems that the installation instructions on github are not clear enough for setup, could you mention how to install?

In the meantime, I'll try to install it here and test, see if I can.

Edit: Furthermore, there are several projects on github with the same name... is this the real one?

If you talking about the pywallet from joric then that's the oldest one the jackjack pywallet is the most recent one.

Do you get some error when trying to use my command above? it works on Windows unless you are using Linux?

You don't need to install it you just need to download the pywallet and install the Python 2.7 in your system go to the folder where the pywallet is saved and open the command prompt there and apply the command above make sure to put the wallet.dat file on the same folder.
I did everything you suggested before, installed Python27 and it gave me this error:

I searched for similar problems, but no solution.

Furthermore, whenever I was testing, another error also came up:



There is a 'bsddb' component missing, but from what I heard, this is already included in the python27 package, so I installed python2.7.3 and nothing happened

I tested both: joric and jackjack-jj

 34 
 on: July 05, 2024, 11:27:09 PM 
Started by axel20 - Last post by Yatsan
I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again.  Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back.  Oh well, water under the bridge, right?  Anyway, I just ordered a Trezor Safe 3 to start "hodling" again.  I've been reading different news sources about the future potential of BTC and it still looks pretty bright.  What is your personal view?  Are you still optimistic?  Riding the fence?  I'm curious.  Thanks.
Optimistic of course especially for Bitcoin. To put it simple, it came across a lot of issues from the previous years, experienced a huge decline on its price, and now it is back on its "feet". If you're planning to re-invest then I think this is the right time. The market price fell recently and is about to go up again. Make sure you won't miss the ride. Bitcoin won't be having such reputation in this industry for no reason. If you are planning to get into other projects, well it would still be a good idea knowing that great projects are being introduced as well at this point but if it is Bitcoin you are eyeing then there's no problem with it as well. Just don't wait for its market price to again be at $70k before you make a decision. I once distanced myself from this industry as well but still found my way back because I don't want to regret anything if I would be missing out on this cycle.

 35 
 on: July 05, 2024, 11:27:05 PM 
Started by tread93 - Last post by NurseHub
Anytime that this conversation comes up , I will.always say, let kids be kids. We should think that they would miss anything by not learning about Bitcoin at a young age. There is more to their life and development than Bitcoin. Therefore I would not agree to anyone forcing Bitcoin knowledge upon them when they should be taking, music lessons, dance classes, football classes. The only Exception is if the kid show repeated interest in knowing about Bitcoin.
I will let my kids grow to ask what I really do to make money, then I will calmly explain to them, and if I notice their interest, I will start asking them to assist me in one or two things in the forum and see how smart they can be. Not all children can love to do it, but if one finds interest, I will continue to teach him or her till he can do it alone.

I'm not going to force teach anyone my kid about Bitcoin, but you believe society is alright telling our kids, maybe before them Bitcoin might even be studied in school (joke), but regardless, I will teach who is interested.

Of course they must not be Bitcoin holder, there are more to do.

 36 
 on: July 05, 2024, 11:21:01 PM 
Started by yawhoist - Last post by BitMaxz
I was curious and tried to install this tool, but I was in doubt, in this link you mentioned, the OP says he is working on another project with no name yet.

Does this same command work on the new pywallet or should I download the old one?

It seems that the installation instructions on github are not clear enough for setup, could you mention how to install?

In the meantime, I'll try to install it here and test, see if I can.

Edit: Furthermore, there are several projects on github with the same name... is this the real one?

If you talking about the pywallet from joric then that's the oldest one the jackjack pywallet is the most recent one.

Do you get some error when trying to use my command above? it works on Windows unless you are using Linux?

You don't need to install it you just need to download the pywallet and install the Python 2.7 in your system go to the folder where the pywallet is saved and open the command prompt there and apply the command above make sure to put the wallet.dat file on the same folder.


 37 
 on: July 05, 2024, 11:18:22 PM 
Started by vision_line - Last post by Alone055
Who keeps $43,000 worth of assets in a custodial wallet that doesn't even give you access to your private keys? Just having your Trust Wallet seed phrases doesn't guarantee that your funds are safe and that you are the only one having access to them. As they say, not your keys, not your bitcoins, which means that if you don't have the private key to your Bitcoin wallet then those coins and assets aren't completely yours even if you have bought them but you aren't keeping them only to yourself.

Your statements that you are not a newbie and that you have been using Trust Wallet for 4 years for storing amounts larger than this contradict each other because someone who isn't a newbie should know and understand that they are not supposed to use custodial wallets for large amounts. If you think they are convenient for use and easy to connect with websites and services, you can keep a small amount in them and keep the rest somewhere safe, in a non-custodial wallet, preferably a hardware one.

If your story is true, I don't know if you have any hope for getting your funds back because I don't have much knowledge about Trust Wallet, but I would suggest that you start studying about wallets and their security, compare custodial and non-custodial wallets, and choose one that you think is the best for the future.

 38 
 on: July 05, 2024, 11:13:45 PM 
Started by SickDayIn - Last post by lven
Hodlong is a thongof mentality which is understanding and when the understanding is not their hodling seems very difficult.  When their is understanding people don't force their self to participate.  Understanding hodling it makes investors to see reasons why investing in Bitcoin is very important,  the understanding of hodling makes investors to figure out good plans in other to prepare for the next hodling.
Holding Bitcoin really gives investors a new perspective.  But now bitcoin is continuously going down and now the price of bitcoin has become a lot of curb for the holders due to sudden dip.  Despite the dip, history shows that those who hold onto their bitcoins ultimately benefit.  And finally holding strategy is beneficial for investors.

 39 
 on: July 05, 2024, 11:10:07 PM 
Started by tread93 - Last post by Plan well
Bitcoin can be thought of as a digital asset that can be passed down to future generations, much like a family heirloom or inheritance. In that sense, one could consider Bitcoin as a form of "digital children" that can be nurtured and grown over time.

 40 
 on: July 05, 2024, 11:05:02 PM 
Started by EluguHcman - Last post by Maus0728
As much I'd love to argue that you're right and that the parents are wrong for not hedging their child's future to bitcoin, we have to look at the perspective of the parent, they don't want an unstable and volatile investment for something that they've worked hard to save up and then it will suddenly end up losing all of their money or half of it because bitcoin suddenly dropped in prices. If I was in their position, I'd probably do both but the problem is that there might only be a limited amount of money that if I do it, I might not even be able to completely provide for my daily needs, there's a lot of things that needs to be looked out for when you're a parent and sometimes those things to look out for are only apparent once you're already a parent yourself.

Good point and this is how the actual middle-class parents stuck but due to their ignorance they save money as fiat which is completely wrong, they can choose the best possible options like gold if they are not willing to take risk with volatile assets such as crypto or even stocks because gold is proven to be the best that holds it's value and they can set a target of having this much amount of gold and then they can set another asset which can be different than just storage of value.
That's not nice to say that they're ignorant just because they're keeping their investments in fiat, you have to understand that there's more investment avenues out there in which you can make some money for yourself with the stock market being the most popular albeit not that accessible to normal households, there's also the insurance that you put your money little by little that can reap you good benefits in your retirement age. Also, you can't be this disconnected to the reality of things right? Gold as typical household investment option? That's probably not a good idea because gold attracts unwanted bad attention and I don't think that any people is going to like any of that with their hard earned money.

As much I'd love to argue that you're right and that the parents are wrong for not hedging their child's future to bitcoin, we have to look at the perspective of the parent, they don't want an unstable and volatile investment for something that they've worked hard to save up and then it will suddenly end up losing all of their money or half of it because bitcoin suddenly dropped in prices. If I was in their position, I'd probably do both but the problem is that there might only be a limited amount of money that if I do it, I might not even be able to completely provide for my daily needs, there's a lot of things that needs to be looked out for when you're a parent and sometimes those things to look out for are only apparent once you're already a parent yourself.
The financial capabilities of each parent are not evenly distributed, maybe you can save bitcoin regularly for your children but are other parents able to do that, even to eat they have to work hard, so I think it is the government's job to educate its citizens about the benefits of investing for the future and also what are the best ways to profit from investing

If governments in many countries start to also invest in Bitcoin to support the future of their citizens, then I am sure that the future of young people will not be difficult in the future
That's the optimal way to do things but if the money that you get every month when put into a budget is only enough to sustain you for that then it's a possibility that you might not be able to do it because the key in doing what you're saying is consistency, you can't invest now and then do it 3 months later, you're wasting your time investing in something that's not entirely in a consistent schedule not to mention that you're also going to be putting in small amounts in bitcoin, that's going to be difficult.

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