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Showing 20 of 37 results by Crypto_H
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Let's have a debate here: Voice notes or text?
by
Crypto_H
on 13/04/2023, 18:54:02 UTC
While some people have the nerves to send long voice notes (that annoys me most of the time), I personally find texts more comfortable and convenient.

So, what do you prefer?
We can start a war here! haha
Post
Topic
Board Bitcoin Discussion
Re: we don't have proper education on bitcoin.
by
Crypto_H
on 12/04/2023, 13:18:04 UTC
Please correct me if I am wrong
Even in today's modern world, except for a few people in Europe-America, the general public of the entire world does not have a proper understanding of Bitcoin. Sad Sad Except European-American, anyone who have a little idea about Bitcoin also have misconceptions. Due to this problem, many people are unable to invest in a great platform like Bitcoin even if they want to. This problem may not seem like a big deal to many, but think about third world countries. A sad reality is, in my country 80-90% of the population are not familiar with Bitcoin.
Is there any way to solve this problem?

I think the only answer is time. Give people time to reconsider what Bitcoin really means. It's going to take years before most people start understanding it.
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Topic
Board Bitcoin Discussion
Re: Bitcoin usage in crime activity.
by
Crypto_H
on 03/04/2023, 12:48:37 UTC
Hello crypto bros.
Today I want to discuss a pretty big problem that bitcoin adoption is facing.
Bitcoin is great in means of anonymous transactions and getting away from the banks and government control, but the problem is, it's the exact problem why criminals are using it. And it's a pretty big one. I'm not saying that criminals use bitcoin more than fiat, but we all can see that illegal services are widely accepting bitcoin.

The problem here is that the system should have some way to fight these criminals because we don't want bitcoin to be associated with drugs and sex trafficking,  but the problem is, by solving these problems we should get rid of anonymity which is a pillar for the bitcoin technology, so it can't be done. And this problem might be a big obstacle in mass bitcoin adoption and regulations that are coming.

So I want to hear your opinion: how to make bitcoin technology "safer" so we could fight a crime committed with crypto and help with bitcoin adoption without taking away the main features of bitcoin like decentralization and anonymity?

It's up to law enforcement and the judicial system to identify and penalize these individuals. We, as Bitcoiners, don't have the power to prevent criminals from using Bitcoin.
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Topic
Board Bitcoin Discussion
Re: effect of bitcoin on institutions and global economy
by
Crypto_H
on 31/03/2023, 18:42:23 UTC

how would the wideespread adoption of Bitcoin as a primary means of payment and store of value affect the global economy, including the stability of traditional financial institutions,
the role of governments in monetary policies, and distribution of wealth and power among different groups in society?


The widespread adoption of Bitcoin as a primary means of payment and store of value could have a significant impact on the global economy in several ways:

Traditional financial institutions: The adoption of Bitcoin could disrupt traditional financial institutions, such as banks and payment processors, by reducing their role in financial transactions. This could lead to a decline in their profitability and potentially affect their stability.

Role of governments: The adoption of Bitcoin could also challenge the role of governments in monetary policies. Governments have traditionally controlled the supply of money and the ability to print new currency. However, with Bitcoin, the supply is fixed, and there is no central authority that can control its issuance. This could limit the ability of governments to influence the economy through monetary policies.

Distribution of wealth and power: The widespread adoption of Bitcoin could potentially impact the distribution of wealth and power in society. Bitcoin is a decentralized currency, and its adoption could lead to a shift in financial power away from traditional institutions and toward individuals and groups who hold large amounts of Bitcoin.

Overall, the widespread adoption of Bitcoin as a primary means of payment and store of value could lead to significant changes in the global economy. While it has the potential to improve efficiency and reduce the influence of traditional financial institutions and governments, it could also impact the distribution of wealth and power in society. It is difficult to predict the exact consequences, but it is clear that the adoption of Bitcoin will have significant implications for the future of the global economy.
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Topic
Board Bitcoin Discussion
Re: Stories about lost Bitcoin
by
Crypto_H
on 27/03/2023, 12:56:53 UTC
Hello friends. Has anyone ever lost bitcoin? I am curious to listen to your stories. My purspose is to educate ourselves of possible scams, or rookie mistakes that we may do, that can lead to our BTC being stolen or lost.

Edit: Back in Feb 2020, I gave my seed phrase to someone on twitter. The convinced me the seed phrase was equal to my address and that they needed it to send me bitcoin. Don't ask me why I was so stupid... I lost approx. 1M sats and I had to start accumulating again. I bought a Trezor and I started reading...

I had been an early investor in cryptocurrency and had amassed a significant amount of bitcoin over the years. I was proud of my investment and had been eagerly watching the market as the price of bitcoin soared higher and higher.

One day, I decided to transfer some of my bitcoin to a new wallet, so I could keep it more secure. I carefully copied the wallet address and double-checked everything before hitting the "send" button.

But when I checked my new wallet, the bitcoin was nowhere to be found. I panicked, wondering where my hard-earned cryptocurrency had gone. I frantically checked the transaction record, only to realize that I had accidentally copied the wrong wallet address.

I felt sick to my stomach. The bitcoin I had worked so hard to accumulate was now gone forever. I tried to reach out to the person who owned the wallet I had mistakenly sent the bitcoin to, but they never responded.

Days turned into weeks, and I couldn't shake the feeling of regret and frustration. I had lost a significant portion of my wealth in just a few clicks, all because of a simple mistake.

From that day forward, I became even more vigilant with my cryptocurrency investments. I triple-checked every transaction and made sure to always copy and paste wallet addresses with extreme caution. But the memory of my lost bitcoin never left me, a constant reminder to always be careful with my investments.
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Topic
Board Bitcoin Discussion
Re: Bitcoin and education
by
Crypto_H
on 06/03/2023, 14:34:43 UTC
bitcoin and education.
If this post is not permitted to be here please help me forward it.

I want to ask a little question here because I don't won't to be a victim of a big loss.
Now that I have not invested in bitcoin because I haven't learned much about bitcoin investment based on the situation in my locality, I want to know the right answer to my question.
My question is can someone who is not well educated (secondary school graduate) understand the statistics of bitcoin investment or Bitcoin trading?

I think they can understand the statistics of bitcoin investment or trading with some effort and learning.

While a formal education in statistics or finance can be helpful in understanding the intricacies of bitcoin investment and trading, there are plenty of resources available online that can help beginners learn the basics.

For example, there are numerous online courses, tutorials, and YouTube videos that cover the fundamentals of cryptocurrency trading and investment, including the use of technical indicators and analysis tools. Additionally, many cryptocurrency exchanges offer educational resources and tutorials for their users.
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Topic
Board Bitcoin Discussion
Re: Teaching children Bitcoin is not in vain
by
Crypto_H
on 17/02/2023, 12:54:42 UTC
Bitcoin is digital currency that is being widespread almost all the continent, and some people notice the development of Bitcoin very late, and it enables some people not to invest in Bitcoin in far back 2009 and 2010. Therefore i noticed that teaching children of Bitcoin in early stage and mostly children that is up to ten years and above, inculcating the functions and the importance of Bitcoin in children will make them to develop widely with the knowledge being inculcates with them already. I think that Bitcoin is good to be known from youthful age. I have noticed that assuming so many of us notice the important of Bitcoin in time we would have all be a partial millionaire if I'm not mistaken of being a full millionaire.

Teaching children about Bitcoin can be a complex topic that requires a certain level of understanding of both technology and economics. As with any subject, the appropriateness of teaching children about Bitcoin will depend on their age, maturity, and ability to understand the concepts involved.

While it can be beneficial to introduce children to the basic concepts of cryptocurrencies and how they work, it is important to ensure that they are also aware of the risks associated with investing and trading in cryptocurrency. This includes the possibility of scams, market volatility, and potential losses.

Overall, it is up to parents and educators to use their judgment and decide whether teaching children about Bitcoin is appropriate for their individual circumstances. It is important to provide children with accurate information and to encourage critical thinking and responsible decision-making.




Post
Topic
Board Bitcoin Discussion
Re: When to sell bitcoin before the next bear market starts?
by
Crypto_H
on 09/02/2023, 14:41:54 UTC
Ok so this is a little down the road from here but assuming after the next halving and bitcoin goes into another bull run, when would be a good time to sell?i have already went through a couple of bull runs and bear markets but i didnt sell and take profits. I would like to sell before the next bear market to take profits this time.

So if bitcoin's cycles remain true, when roughly would be the start of the next bear market after the 2024 halving and bull run for a good time to sell. Can this be predicted somewhat? For all you TA guys when would be a good time to sell just to give me an idea? Thanks.

Given that we're still in a bear market, it's premature to be considering selling your bitcoin. Your best bet would be to keep adding to your position. The market could potentially swing back in favor of bulls sometime around 2024 to 2025.

It's worth noting that market predictions are notoriously tricky, and it's impossible to predict with certainty how the market will behave. Nobody has a crystal ball, after all.

If you want more information about investment, I highly recommend this article: https://www.ratherlabs.com/post/how-to-make-money-on-crypto-without-risking-a-penny
Post
Topic
Board Mining
Re: Which mining is good to start?
by
Crypto_H
on 08/02/2023, 18:03:14 UTC
I am planning to buy a mining rig here in bitcoin, but this is my first time.
What would you suggest to me? 
what should be done first? Also, what type of mining rigs should I buy, there is no problem with the capital,
I just really want to try, and at least before the bitcoin halving comes, I have already started this kind of thing.

Your help is much appreciated Wink

Some tips for you, but keep in mind that cryptocurrency mining industry is highly competitive, and the profitability of mining can be affected by factors such as changes in the Bitcoin network.:

-Research: Before investing in a mining rig, it's important to thoroughly research the current state of the cryptocurrency mining industry and understand the factors that can impact profitability.

-Consider hardware costs: Mining rigs can be expensive, so it's important to consider the upfront costs of hardware, as well as the ongoing costs such as electricity, maintenance, and repairs.

-Choose the right hardware: Consider the current state of the Bitcoin network and the difficulty of mining, and choose hardware that is energy-efficient and has a good hash rate.

-Join a mining pool: Joining a mining pool can help increase your chances of earning a reward for verifying transactions, as it allows you to pool your resources with other miners.

-Monitor your profits: Regularly monitor your profits and expenses to ensure that your mining rig is profitable and make adjustments as needed.

And last but not least, you can try reading this article: https://www.ratherlabs.com/post/how-to-make-money-on-crypto-without-risking-a-penny

Good luck!
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Topic
Board Project Development
Re: How do I create and design simple website?
by
Crypto_H
on 07/02/2023, 18:24:52 UTC
I want to create a simple website for my crypto-related startup project. I know the basics of HTML and CSS code, but I've never created a web site before. What I want is a simple but professional looking responsive design with simple navigation.

What do you guys think?
Should I hire a professional website designer for such a website?
What are some recommended website design tools?

Please note, my time spent on this project is not a problem, there are no deadlines.


Hi, friend! I think some of these articles might be useful for you:

If you're a beginner in Blockchain: https://www.ratherlabs.com/post/the-roadmap-to-become-a-blockchain-gladiator
Transitioning from Web2 to Web3: https://www.ratherlabs.com/post/how-to-migrate-a-web2-application-to-web3
Making the perfect pitch for your startup: https://www.ratherlabs.com/post/how-to-make-the-perfect-pitch-for-your-tech-startup

I hope my answer helps Smiley
Post
Topic
Board Bitcoin Discussion
Re: Can I invest my 60% savings in Bitcoin?
by
Crypto_H
on 07/02/2023, 13:42:53 UTC
bitcoin can Crashed again Below $20K Level or Not ?
how much Probability for Down ?

suggest please I can bear some Loss but Can,t afford 100% loss  

waiting for all expert members suggestion?



My advice is: Invest money you're willing to lose.
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Topic
Board Bitcoin Discussion
Re: Why are you interested in bitcoin?
by
Crypto_H
on 06/02/2023, 12:41:38 UTC
Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?

I am interested in bitcoin for several reasons. Firstly, it has the potential to be a great savings tool as it operates independently of central banks and has limited supply. This can lead to stability in value over time.

Secondly, there is a lot of profit potential with bitcoin as it has seen significant growth in value over the past few years. Additionally, the anonymity aspect of bitcoin transactions appeals to me as it allows for more privacy in financial dealings.

Lastly, I am drawn to bitcoin because it is a technology-based asset and I am always interested in staying up-to-date with the latest advancements in the tech industry.

A bonus track, you can read this article, it has good advices about investment: https://www.ratherlabs.com/post/how-to-make-money-on-crypto-without-risking-a-penny
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Topic
Board Bitcoin Discussion
Re: My greatest fear about Bitcoin Halving.
by
Crypto_H
on 03/02/2023, 14:18:15 UTC
Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.

It's natural to have concerns and fears when investing in any asset, including cryptocurrency. The future is always uncertain and there is always the possibility that events may not unfold as expected.

Regarding the potential impact of the 2024 halving on the Bitcoin market, it's difficult to predict with certainty what will happen. Historically, halvings have been followed by price increases, but there is no guarantee that this trend will continue in the future. Market conditions, investor sentiment, and a host of other factors can influence the price of Bitcoin and other cryptocurrencies.

Remember to do your own research, I can recommend some articles:
https://www.ratherlabs.com/post/how-to-keep-your-assets-safe-in-crypto
https://www.ratherlabs.com/post/mercado-coin-new-crypto-market-opportunities
https://www.ratherlabs.com/post/an-economic-system-out-of-ancient-rome

These articles provide essential information both economically and financially
Post
Topic
Board Beginners & Help
Re: Crypto YouTubers are all financial advisors
by
Crypto_H
on 02/02/2023, 17:03:38 UTC
If someone is not a financial advisor and still go live on Youtube or Twitch to talk about how they make money investing in a project or two what does that make them?

Aren't they supposed to keep their financial advice to themselves if they don't want to be a financial advisor? Yeah, I think the perfect way to stay away from been a financial advisor is to keep your ideas to yourself, don't say a word about it.

Oh, I almost forget, it pays to be a YouTuber, you need a niche to talk about per se, and it's very easy to talk about a project even if they are going to ruin your life, the secret behind this people is you, the only ways crypto YouTuber makes money is shilling their crypto bags and waiting for new buyers, it's two ways to make money for them, YOUTUBE and CRYPTO BAG..



Like Coyster said in the first reply, doing your own research is the best way.
I can recommend to you a blog I usually read: https://www.ratherlabs.com/blog
They provide interesting articles for those who are new or not in the Crypto world!
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Topic
Board Bitcoin Discussion
Re: Is it safe to acquire Bitcoin without having the basic knowledge?
by
Crypto_H
on 01/02/2023, 13:09:37 UTC
I was talking to a neighbour within the weekend and suddenly he grew so much passion in wanting to invest but now the problem is that his wanting me do this for him with excuses of not having the basic knowledge and I've told him to Google and do his own research about it.
I want to know if it's safe to buy Bitcoin without having the basic knowledge of it ?

That's a big responsibility, mate.
If your neighbor is serious about investing in Bitcoin, it would be best for them to take the time to educate themselves before making any investment decisions.
I'd also recommend telling him that investing in cryptocurrencies should only be done with money that the individual can afford to lose.

I think this article might be interesting and useful for them: https://www.ratherlabs.com/post/how-to-keep-your-assets-safe-in-crypto
I think security is the priority here, so it's better to start with it.
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Topic
Board Project Development
Re: Looking for feedback on my new bitcoin site!
by
Crypto_H
on 01/02/2023, 13:04:22 UTC
Hi everyone! Here is a website I've been working on that shows crypto news, crypto graphs, and even a bitcoin explorer with live global transactions. The graphs are still elementary, but looking for feedback/  thoughts from people who like to follow crypto! Thanks

https://d2index.com/


Well done! Congrats  Grin
Post
Topic
Board Economics
Re: Success is fundamentally determined by luck, not effort.
by
Crypto_H
on 30/01/2023, 13:32:24 UTC

Recently I have had numerous reunions with Uncles from my extended family. Some of them are successful businessmen for decades. They built their business from nothing and are living quite a comfortable life now. We had long conversations about life in general, including their key to success. I knew very well that they have been hard workers ever since I had a memory so I would contribute their success to endless efforts. However, one thing they had mentioned in common was luck. They believe pure luck made them meet and grasp those opportunities and become successful rather than their smartness and efforts. I've thought about this before and couldn't agree with this more. They've set very good examples to me, including my father, and now I tend to focus more on work itself consistently and let luck or fate takes the rest.

There's no secret ingredient for success, I think it has to do more with hard work, focus and persistence.
However, these factors are always mentioned, what I really think is important is to take a look into the mistakes some first time founders had.

I found this article recently and it could be of great help for those who are starting their own business: https://www.ratherlabs.com/post/biggest-mistakes-first-time-startup-founders-make-and-how-to-avoid-them

Post
Topic
Board Bitcoin Discussion
Re: So far so good with Bitcoin adoption on my side but I have question
by
Crypto_H
on 30/01/2023, 13:19:34 UTC
I wish there is a way that I can show families on here how successful I have bring numbers of people into Bitcoin between 2021 - 2023, it's been so great and I am very happy about it, I have fresh newbies at hand right now,  two of them are from the same university 🎓, I have spent 6 weeks with them teaching and answering questions about Bitcoin and wallets, now they decide to purchase their first set of Bitcoin.

Here is where I am confused, the present value of Bitcoin is growing, some said it's because of the Chinese New year Holiday aka Year of the Rabbit, since I got mine at 17,000 and 15,000 I feel it's wrong to tell these newbies to buy at 23,000$

Have I done the right thing by telling them to wait for some correction before buying or you famz have a better idea? Because right now I don't see anything thing better than to wait, double bottom is always possible with Bitcoin in bear markets.

The decision to buy or hold is subjective and depends on individual investment strategies and risk tolerance. However, it's generally recommended to consider the long-term potential of an investment rather than short-term price fluctuations.

Double bottoms can occur during bear markets, but they are also uncertain and can't be predicted with certainty. Some investors prefer to wait for corrections, while others buy and hold through market cycles.

Ultimately, it's important to do thorough research, consider your financial goals and risk tolerance, and seek professional financial advice before making any investment decisions.
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Board Trading Discussion
Re: What is the factor that affects the price of bitcoin
by
Crypto_H
on 26/01/2023, 17:36:23 UTC
There are a bunch of preconceived ideas about the aspects or justifications that affect the price of Bitcoin. I will give you some illustrations: Contest; Cost of production; Supply and Demand; Restrictions and Legal Matters etc.


In your statement or ideas, what are the elements that can influence the price of bitcoin?

There are several factors that can affect the price of bitcoin, including:

Market sentiment: The overall perception of bitcoin by investors and traders can impact its price. Positive sentiment can drive the price up, while negative sentiment can drive it down.

News and events: Any significant news or events related to bitcoin, such as a major company announcing plans to accept it as a form of payment, can also affect its price.

Supply and demand: The basic economic principle of supply and demand also applies to bitcoin. If demand for bitcoin increases while the supply remains the same, the price will go up.

Regulation: Government regulations and legal developments related to bitcoin can also impact its price.

Competition from other cryptocurrencies: As the cryptocurrency market continues to evolve and grow, competition from other digital currencies can also affect the price of bitcoin.

Market manipulation : Unscrupulous traders and investors can use various tactics to artificially inflate or deflate the price of bitcoin.
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Topic
Board Bitcoin Technical Support
Re: Privacy wallets
by
Crypto_H
on 25/01/2023, 17:10:13 UTC
Hello everyone,

I am writing this looking for information about privacy in wallets.

It is known that the major closed source wallets use their own servers to provide information about the balance of addresses or to make new transactions.
I would like to know if some open source wallets like Electrum have their own servers to do that job or if they work with the public nodes of the bitcoin network.
I'm also interested to know if there are any hardware wallets that do that. If not, I would like to know if there is a way to check the balance of an address using the btc network and not a blockchain explorer, for example with some node calls running btc core.

Thank you all for taking the time to read!!!

If keeping your assets safe in crypto is what you're looking for, I think this article might be useful for you: https://www.ratherlabs.com/post/how-to-keep-your-assets-safe-in-crypto
They have interesting tips to keep in mind when choosing a cryptocurrency wallet.
Hope my answer helps!