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Showing 20 of 31 results by Isuru_
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Board Bitcoin Discussion
Re: What monetary cone do you like?
by
Isuru_
on 21/10/2023, 01:51:22 UTC
My personal recommendation is to use denominations of 0.001 BTC, 0.01 BTC, and 0.1 BTC. This is a good way to achieve a balance between privacy, efficiency, and convenience.

It is important to note that there is no one-size-fits-all answer to this question. The best way to organize your UTXOs for mixing will depend on your individual needs and preferences.
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Board Bitcoin Discussion
Re: What is cluster?
by
Isuru_
on 21/10/2023, 01:47:48 UTC
A cluster crypto address is a group of crypto addresses that are likely owned by the same person or entity. You can think of it like a group of friends who all have their own bank accounts, but they often send and receive money from each other.
There are a few ways to see cluster crypto addresses. One way is to use a blockchain explorer. Blockchain explorers are websites that allow you to view all of the transactions that have happened on a particular blockchain. To see cluster crypto addresses, you can look at the transaction history of an address and see if it has sent or received money from other addresses that are known to be owned by the same person or entity. Tongue

Another way to see cluster crypto addresses is to use a crypto analysis tool. Crypto analysis tools are websites or software programs that can help you to identify groups of crypto addresses that are likely owned by the same person or entity. These tools work by analyzing the transaction history of multiple crypto addresses simultaneously.

Overall, cluster crypto address analysis is a useful tool for identifying groups of addresses that are likely owned by the same person or entity. However, it is important to remember that cluster crypto address analysis is not perfect and should not be used in isolation.

DYOR  Smiley
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Board Bitcoin Discussion
Re: I am 19 years old boy living in South korea. Please give me an advice
by
Isuru_
on 19/10/2023, 09:47:04 UTC

Hey there! It's awesome that you're interested in Bitcoin. It can be a great way to invest your money and build wealth over the long term. But it's important to remember that Bitcoin is a volatile asset, and its price can go up and down a lot.

Here are a few tips for being a successful Bitcoin investor:

* **Only invest what you can afford to lose.** Bitcoin is a risky investment, so don't put all your eggs in one basket.
* **Do your own research.** Don't just invest in Bitcoin because someone else tells you to. Understand the technology behind it, the risks involved, and your own investment goals.
* **Invest for the long term.** Bitcoin is not a get-rich-quick scheme. It's an investment that you should expect to hold for several years or even decades.
* **Don't panic sell.** When the price of Bitcoin drops, it can be tempting to sell out of fear of losing more money. But this is often the worst time to sell. Instead, try to stay calm and remember that Bitcoin has a history of recovering from price drops.

Here are a few additional tips that may be helpful for you as a young investor:

* **Start small.** You don't need to invest a lot of money to get started with Bitcoin. Even if you can only afford to invest $10 a month, that's a start.
* **Automate your investments.** Set up a recurring investment plan so that you automatically invest a certain amount of money into Bitcoin each month. This will help you to stick to your investment plan and build your Bitcoin holdings over time.

Use a reputable exchange.When you're ready to buy Bitcoin, choose a reputable exchange that has a good track record of security and customer service.

Investing in Bitcoin can be a great way to build wealth over the long term, but it's important to be aware of the risks involved. By following the tips above, you can increase your chances of success as a Bitcoin investor.

Good luck!
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Board Bitcoin Discussion
Re: Is doubling your investment more probable than we think?
by
Isuru_
on 15/10/2023, 13:25:03 UTC
Exactly @Ultegra134 hodling returns over the years under Bitcoin have proven to be very profitable.However one should not input too much trust into Bitcoin rise in the next halving.The idea of Bitcoin reaching $100k or more is a thing of enthusiasm  or hope I would say which still has a chance of happening
Bitcoin has been a very profitable investment over the years, but it's important to remember that it's also a very volatile asset. There's no guarantee that Bitcoin will continue to rise in price, even after the next halving.

Some people are predicting that Bitcoin will reach $100,000 or more in the next year. Others are more pessimistic.

I'm not sure what will happen, but I think it's important to be realistic. There are a lot of factors that could affect the price of Bitcoin in the coming months and years, including the global economic climate, regulatory changes, and overall adoption.

If you're thinking about investing in Bitcoin, it's important to do your own research and invest only what you can afford to lose.

 Bitcoin is a risky investment, but it could also be very rewarding. If you're comfortable with the risks involved, it's worth considering. But don't expect to get rich quick.
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Board Bitcoin Discussion
Re: Is doubling your investment more probable than we think?
by
Isuru_
on 15/10/2023, 13:21:20 UTC
With the next Bitcoin halving less than a year away, everyone's speculating about what will happen to the price. Some people are expecting a massive surge, while others are more pessimistic. Huh

I'm not sure if Bitcoin will reach a new all-time high of $100,000 in the next year, but I think it's definitely possible that it could surpass $50,000.

That would mean doubling your investment if you buy now.

Of course, there's always the chance that the price could go down instead of up. But even if that happens, I think Bitcoin is still a good long-term investment.

It's a scarce asset with a limited supply, and it's becoming increasingly popular as a store of value and a medium of exchange.

So, if you're looking for an investment that could potentially double your money in the next year, Bitcoin is worth considering.

DYOR
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Board Press
Re: [2023-10-13] DailyMail: Chinese Bitcoin mine in Wyoming sparks security fears...
by
Isuru_
on 15/10/2023, 11:41:31 UTC
Yes, the Chinese Bitcoin mine is a security concern. It is located near a Microsoft data center and an Air Force base that controls nuclear missiles. Defense experts have warned that the mine could be used for spying or to disrupt the power grid.

However, the article also states that the mine is owned by a company with an "opaque web of ownership" and is only "linked" to at least one Chinese company. This suggests that it may be difficult to track down the true owners of the mine and to hold them accountable if anything goes wrong.

Ultimately, whether or not the Chinese Bitcoin mine is a legitimate security concern is a matter of opinion. However, it is important to be aware of the potential risks associated with this type of operation.
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Board Bitcoin Discussion
Re: Bitcoin Vs Gold, land which better?
by
Isuru_
on 15/10/2023, 07:45:57 UTC
You can share some success stories of people who have made a lot of money by investing in Bitcoin. This may help your parents see the potential of Bitcoin as an investment.

It's important to remember that you can't force your parents to invest in Bitcoin. Ultimately, it's up to them to decide whether or not they want to invest. But by educating them about Bitcoin and the potential benefits, you can help them make an informed decision.
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Board Bitcoin Discussion
Topic OP
Will miners lose money after the halving?
by
Isuru_
on 15/10/2023, 07:42:02 UTC
The Bitcoin halving is a big event that happens every four years. It's when the amount of Bitcoin that miners get for verifying transactions is cut in half.

So, what does this mean for miners?

On the one hand, it means that they'll be earning less Bitcoin. This could make it more difficult for them to cover their costs, like electricity and hardware.

On the other hand, the halving could also lead to an increase in the price of Bitcoin. This is because the halving reduces the supply of new Bitcoin coming onto the market. If demand stays the same or goes up, the price of Bitcoin could go up.

So, will miners lose money after the halving?

It depends. If the price of Bitcoin goes up enough to offset the reduced mining rewards, then miners may not lose anything. However, if the price of Bitcoin does not go up enough, then miners may lose money.

It's also important to note that not all miners are created equal. Some miners have lower costs than others. These miners will be more likely to survive the halving, even if the price of Bitcoin does not go up significantly.

Overall, the halving is a complex event with both positive and negative implications for miners. It is important to consider all of the factors involved before making any predictions.

If your are miner what you do ? Smiley
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Board Bitcoin Discussion
Re: Bitcoin can change lives
by
Isuru_
on 15/10/2023, 07:12:40 UTC
I agree with you. Keeping records and history is very important in the crypto industry. It helps us understand the market and make better investment decisions.

I also agree that Bitcoin has a lot of potential. The price has gone up a lot over the years, and it's possible that it will continue to go up in the future.

However, it's important to remember that crypto is a volatile asset class. Prices can go up and down quickly. That's why it's important to do your own research and invest only what you can afford to lose.

I'm glad that you're using the DCA method. DCA is a great way to reduce your risk and invest in Bitcoin over the long term.

Here are some other tips for investing in Bitcoin:

* Invest for the long term. Don't try to time the market.
* Don't invest more than you can afford to lose.
* Diversify your portfolio. Don't put all your eggs in one basket.
* Store your Bitcoin in a safe wallet.

If you follow these tips, you'll be well on your way to success in the Bitcoin market. Smiley
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Board Bitcoin Discussion
Re: Bitcoin's Fourth Halving Under 200 Days Out, What's at Stake for Miners?
by
Isuru_
on 15/10/2023, 07:10:38 UTC
Imagine that Bitcoin is like a limited edition collectible card game. The halving is like taking a bunch of cards out of circulation. This makes the remaining cards more scarce and valuable.

Of course, there's no guarantee that the value of Bitcoin will go up after the halving. But it's something to keep in mind if you're thinking about investing.
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Board Bitcoin Discussion
Re: If only property I have is bitcoin
by
Isuru_
on 15/10/2023, 07:08:15 UTC
It's important to think about what will happen to your Bitcoin if you die. If you don't tell anyone your seed phrase, your loved ones won't be able to access your crypto.

On the other hand, if you do tell someone your seed phrase, you need to make sure that you trust them completely. If your seed phrase gets lost or stolen, anyone with it will be
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Board Bitcoin Discussion
Re: Proof of reserves? Insurance fund? Best I can do is a random number generator!
by
Isuru_
on 15/10/2023, 07:04:45 UTC
This is the kind of bullshit centralized exchanges are using in their "proof of reserves", "safu funds", "insurance funds", "collateral funds", "1-to-1 matching reports", and all the other trash they peddle to convince you your funds are totally safe. Literal random number generators. They will do and say anything to get you to hand over your coins to them. Don't fall it.

I'm not surprised with this development, centralized services will do anything to look trustworthy in the eyes of their customers but we know all they're doing is just marketing and don't actually care about their customers. Proof of reserve my foot, the only time I'll believe a centralized exchange has a proof of reserve is when their reserve/insurance fund are in Bitcoin and held in a multisign offline wallet which they'll sign a message including the Bitcoin address which can be verified by everyone and we monitor the address constantly.

Without that anything they say isn't worth believing. Moreover why would they hold insurance funds in their native token. Obviously they're doing so for them to easily manipulate the price (of funds said to be in reserved). No centralized exchange should be trusted irrespective of how big they're. They're here to make money and they'll lie, deceive everyone until they finally get exposed and exit scam just as FTX did.

For newbies that'll come across this thread, if you still have coins on exchanges, get them off right away. Exchanges aren't wallet to store your coins with them and don't believe whatever excuse they'll give to make you believe they'll look after your coins. Take the security of your coins as your personal business and store them offline in a hardware wallet.
I agree with you. Proof of reserves is a good step, but it's not enough to guarantee that a centralized exchange is safe. There are other things to consider, like the people who run the exchange, how they do business, and how much money they have.

I'm also worried that many centralized exchanges keep their insurance funds in their own tokens. This is a conflict of interest, because it gives the exchange an incentive to manipulate the price of its token.


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Board Bitcoin Discussion
Re: Bitcoin Vs Gold, land which better?
by
Isuru_
on 15/10/2023, 02:36:41 UTC
In my opinion, investing money that isn't mine into something too speculative is a huge no-no. Why not just use your own money instead? That way, you don't receive any crap if ever the investment goes bad. They already aren't convinced in the first place, so why force them?
Imagine you're at a casino with a friend. Your friend is hesitant to gamble, but you convince them to put some money down on a roulette bet. The bet loses, and your friend is angry at you for convincing them to gamble.

Investing other people's money in speculative investments is like convincing your friend to gamble at the casino. It's risky, unethical, and a recipe for disaster.
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Board Bitcoin Discussion
Re: Are We Need Satoshi?
by
Isuru_
on 15/10/2023, 02:31:08 UTC
I'd want to hear Satoshi's opinions on past Bitcoin development and Bitcoin's current state in general solely due to curiosity, but it will be a net negative for the entire space. Why? People will be too biased to side with whatever Satoshi's opinions are.
I understand. It's natural to be curious about what Satoshi Nakamoto, the creator of Bitcoin, thinks about the cryptocurrency's development and current state. However, I agree that it would be a net negative for the entire space if Satoshi were to publicly share their opinions.

One reason for this is that people would be too biased to side with whatever Satoshi's opinions are. Satoshi is a revered figure in the Bitcoin community, and their opinions would carry a lot of weight. As a result, people would be more likely to accept Satoshi's opinions as fact, even if they are not. This could lead to a less informed and more divided community.

Another reason why it would be a net negative for Satoshi to share their opinions is that it could stifle innovation. If people are too focused on what Satoshi thinks, they may be less likely to explore new ideas or challenge the status quo. This could slow down the development of Bitcoin and other cryptocurrencies.

Of course, there are also some potential benefits to Satoshi sharing their opinions. For example, it could help to clarify the original vision for Bitcoin and provide guidance to the community. However, I believe that the risks outweigh the potential benefits.

Overall, I think it's best for Satoshi to remain anonymous and let Bitcoin develop on its own terms.
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Board Bitcoin Discussion
Re: SEC does not plan to appeal court decision on Grayscale bitcoin ETF
by
Isuru_
on 15/10/2023, 02:15:52 UTC
**Casual answer:**

Big news for Bitcoin! The SEC has decided not to appeal a court ruling that found them wrong to reject Grayscale's application to create a spot Bitcoin ETF. This is a huge win for Grayscale, and it could pave the way for the first-ever spot Bitcoin ETF in the US.

Even though the SEC still has to review Grayscale's application again, the chances of approval are looking good. This is especially true since the SEC has already approved several Bitcoin futures ETFs.

If the SEC approves Grayscale's spot Bitcoin ETF, it could set a precedent for other asset managers who have also filed for similar ETFs. And it could also be a factor that initiates the next bull run for Bitcoin in 2024.

 The SEC is one step closer to approving a spot Bitcoin ETF, I think Blackrock application will accept firstly which could be a huge boost for the cryptocurrency market.
Good future ahead  Shocked
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Board Bitcoin Discussion
Re: CZ's view on Halving
by
Isuru_
on 15/10/2023, 02:09:03 UTC
Overall, Bitcoin halvings are a mixed bag. They can have positive and negative effects on the price of Bitcoin, and they can also make it harder or easier to mine Bitcoin. It's important to weigh the pros and cons carefully before making any investment decisions.

CZ's tweet is just his opinion, and there is no guarantee that Bitcoin prices will rise in the year after a halving. Investors should always do their own research before making any investment decisions.
DYOR
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Board Bitcoin Discussion
Re: My first Bitcoin
by
Isuru_
on 14/10/2023, 13:34:27 UTC
I start new and leaning about this platform recently .
Lot of campaigns need some requirements & this is good to platform love this.
In future , earn will possible BTC
Also congratulations to you . You can earn more  Wink
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Board Bitcoin Discussion
Re: What's the Future of Bitcoin without the Inventor?
by
Isuru_
on 14/10/2023, 09:09:44 UTC
Bitcoin's future is still looking good, even without its creator, Satoshi Nakamoto. It's a decentralized currency with a strong community and growing adoption, so it's likely to become more widely used and accepted in the years to come.

In fact, Bitcoin is already being used by millions of people around the world to buy goods and services, send and receive money, and store value. And as more and more businesses start accepting Bitcoin, it's only going to become more popular.

So, even though we don't know who Satoshi Nakamoto is, or why they disappeared, we can be sure that Bitcoin is here to stay. Smiley
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Merits 1 from 1 user
Re: Seedphrase security - Pros and Cons of offline storage
by
Isuru_
on 14/10/2023, 06:55:33 UTC
⭐ Merited by fillippone (1)
Pros & Cons

-Hackers can't steal your seedphrase if it's not online.But thieves can
-Offline storage methods like metal plates and paper wallets can withstand a lot of wear and tear.Secure But like fire & other things gone a damage it
-You're the only one with access to your seedphrase.If another person find it , You lose

Do this Smiley

-Make multiple copies of your seedphrase and store them in different locations. (Or sites , notes , encrypted sites.)
-Use a durable storage medium, such as a metal plate or paper wallet.
-Choose a storage location that is safe from fire, water, and theft.
-Do not share your seedphrase with anyone.expect friends
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Board Bitcoin Discussion
Re: If only property I have is bitcoin
by
Isuru_
on 14/10/2023, 06:18:48 UTC
Firstly
I think you want to expand your investment to another things.
After that you want know about if i die or etc. Where my btc going who got it
- basically teach your children or friends to where you store your seed phase like (Recommend Google drive or notes) Don't give it them just say if i disappear get this & use it.
Just think about future. Smiley