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Showing 20 of 164 results by JamesBorn
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Topic
Board Trading Discussion
Topic OP
Trading or investment! What's your take?
by
JamesBorn
on 27/04/2023, 19:45:25 UTC
I have reason deep to understand cryptos to a point but nothing seem to make different, in this last week, I have done a lot of reading to accumulates more ideas, gained radical knowledge of the market. Often time I met saying I'm into trading I don't do investment, on the other some I'm into investment, trading is on a very high risk demands. I ask this questions severally what's your reason why you chose trading to be better off than investment? What's the major risk involved, the challenges expected of you? Traders always wants to said when am trading I have time to watching over what am doing, I practically watch over the market either against my risk or for risk taken.
Trading can be much expected in price, you can earn enough if the market favour you, you chose when to close your open trades.

Over to you investors, they will said trading is rigorous and difficult to navigates through, trading incurs too much losses that's why I prefer to fix my money as investment watch it grow with due time, and if the market falls I can decided to take my money but the good thing is that I don't have to stress myself.

Now over to you reader, which aspect of bitcoin is best or worst experience? Where are you good at! Trading or investment? Bursts our brain with your expertise
Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: What went wrong with bitcoin! Reply
by
JamesBorn
on 27/04/2023, 19:24:12 UTC
⭐ Merited by Cryptomultiplier (1)
OP, from what am seeing here the person that introduced the yam seller to bitcoin is someone who have little or no ideas about bitcoin but perhaps he must have referred him to those local bitcoin brokers with referring benefits, he knows when he fix his money there, he will benefit from it at every single transactions the yam seller does, weather deposits, withdrawal or transfer to another wallets. So him himself has no good background of bitcoin, he's probably one who just throw money into bitcoin investment and see some profits before urging someone to join him without a clue. Well, in the aspect of taken responsibility for inviting someone into cryptos is good to stand as a guide to them until the person too understood or learned what he or she is doing, even if you're not liable to their losses or gains but encourage to sell when is time just as you encouraged them to buy, teach them some simple steps of transactions in case the market went wrong and you're not close, what them will need to do and before telling someone about bitcoin make you yourself knows what cryptos is all about, how it works to be at safer side. Is a nice top of discussion.
Post
Topic
Board Politics & Society
Re: What really makes pastors children rebel?
by
JamesBorn
on 27/04/2023, 06:15:41 UTC
My quote: you can mould characters but you can't force character. Most Pastor's can not go in the ways of their parents probably because intently the ways of their parents is not their desires and because Satan knew that, he will wants to take advantage of that situations. I know of a pastors daughter that whenever the father has a crusade is an opportunity for her to stay with her boyfriend. She will dress fine enter church and escape from the church to go meet some guys. Dude, this things are serious cases but is more likely to be kind of spiritual battle that's why the parents can't control them, some even smokes, womanize, drugs and stealing. And that affect more pastors in such situations.
Post
Topic
Board Politics & Society
Re: Do you think blockchain can ultimately change our society or bust?
by
JamesBorn
on 27/04/2023, 05:58:28 UTC
I think blockchain already have an impact to every people's life. As it gives people more opportunity to change their life by being rich or poor. Since there's still no guarantee you'll succeed in this industry. If this technology spreads to every people for sure it could also change the society's perspective and a lot might enter the market.

Too much hope for you to be rich is not enough, you have to exert effort for you to gain what you want to achieve like studying, experience and emotion.
Blockchain technology isn't doing that. It isn't invented to make people rich. You are talking about speculative trading/investing, when you buy SOMETHING and hope it will go up in value, even though most of them are backed up by nothing else then promises, hopium and greed. This could have happened with trading cards. Downside of speculative trading/investing is that it might as well get you rekt. That's pretty much same as gambling.

Blockchain tech can change society but it isn't doing that by making people rich.

Yes, I agreed with.  Sincerely speaking I don't see blockchain tech change some societies by making people rich but blockchain technology has an earlier impacts of reaching the societies lurks and crannies where every child with knowledge of device and cryptosystem will learn the freedom of trading/investment but we can see division by countries from embracing blockchain which has cause detriments and wrong opinion by societies towards blockchain. At this point I don't know, it will take grace for blockchain to make a enough changes of making the lives of people rich according to OP, except the bulls runs way heavy. But as for impact bitcoin has already the societies but not necessary making them rich but the knowledge.
Post
Topic
Board Bitcoin Discussion
Re: Investment in bitcoin
by
JamesBorn
on 26/04/2023, 20:19:55 UTC
What's the point of this thread?
Title is totally different from the entire content. If you were to be wearing signature like I do I could have assumed you are just creating topics just to fill up your weekly signature post. If I'm to ask what's  exact information are you trying to pass to us. Most people already know how Bitcoin transaction works, miners down to the confirmation of blocks etc.

Edit: OP edited entire thread why I was typing my reply...

Yes, is entirely different because the content of what I wanted to post was a mistake taken from my noted pad, I wanted to post why people are not making money this season before I could realizes I have hit the button but since I cannot delete post, I chose to edit to this post. Apology please.
Post
Topic
Board Politics & Society
Topic OP
Issues of developed countries!
by
JamesBorn
on 26/04/2023, 20:08:49 UTC
Nations with fat development pictures and structures always operates as capitalist to other Minorities countries, the G5, P5, F5 and E5 countries like US, Germany, China, England, Russian and Europes this countries creates revolution in many under developed or developing within the shore Western continents and Africa. The powerful controls the resources directly or indirectly of this suffering countries in the name of helping them or empowering them. No good image josterpost by developed countries towards this people. But mostly non of this communist or capitalist countries will rendered free AIDS to others without derivative sense of eluding their fairware resources.

After all they call them borrowed nations, poor nations, indebted nations because the lender always have the way of keeping you as a slave. Countries should not help each other because of wars, economic crisis, epidemics, pandemics, earthquake, plaques and IDPs. There should be a unified cordial Juggernaut relationship that is characters on the frontier of development in wider pictures, as such creative scenes will boost visiting tourism to the athletes, games, recreational, tourism, business and education which everyone will love to see other nations.
Post
Topic
Board Mining support
Topic OP
How bitcoin begins: CPU mining.
by
JamesBorn
on 26/04/2023, 19:14:37 UTC
Bitcoin started with earlier server that let users utilized personal CPU's for mining. The first block header hash secure (a linkage between previous and current block) was computed using a conventional CPU's of a computer, the Intel core i7 990x to be precise which was efficient enough to calculate at 33 MH/s. CPU's users are first of it kind mining processor before others software applications for mining came into the picture.
Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Topic OP
How does bitcoin makes money?
by
JamesBorn
on 26/04/2023, 18:48:03 UTC
⭐ Merited by Cryptomultiplier (1)
Digital assets like bitcoin is created as part of the Bitcoin mining process, in which they are offered as a lucrative reward to people who operate computer systems that help to validate transactions. Bitcoin miners — also known as "nodes" — are the owners of high speed computers which independently confirm each transaction, and add a completed "block" of transactions to the ever-growing "chain." The resulting blockchain is a complete, public and permanent record of every Bitcoin transaction.

Miners are then paid in Bitcoin for their efforts, which incentivizes the decentralized network to independently verify each transaction. This independent network of miners also decreases the chance for fraud or false information to be recorded, as the majority of miners need to confirm the authenticity of each block of data before it's added to the blockchain in a process known as proof-of-work. Definitely technology makes human reasoning better in terms of improving our financial genealogy and when you talk of one bitcoin is a good example.

https://www.google.com/url?q=https://www.investopedia.com/terms/b/bitcoin.asp&sa=U&ved=2ahUKEwjo0cTJmMj-AhUqi_0HHV18AcgQFnoECAoQDg&usg=AOvVaw18o28bfHk6ApOU1n7DHflP
Post
Topic
Board Scam Accusations
Topic OP
Criminals turning to cryptocurrencies
by
JamesBorn
on 25/04/2023, 08:52:40 UTC
The dubious and illegal side of cryptocurrencies which serve as a financial enabler to a multitude of illegal and disreputable purposes such as: Money laundering, fraud, drug trafficking, human trafficking, child exploitation, dark marketplace trading, cybercrime, terror funding. This acts threatens the good side of cryptocurrencies although i was thinking that only the barons of bitcoin traders and huge capital investors would have more access to victimized innocent ones. Now even street Taunt's are into all this acts to damage the image of cryptocurrencies.

Consequently, government security organizations are directing their resources to crypto criminal investigations, with the aim of tracking illicit transactions and identifying the parties involved. But this is a very difficult and complex task – and this is exactly why criminals and terrorists opt to use cryptocurrencies. We should deceased from evil practices and keep cryptocurrencies record clean for a better future.
https://www.cognyte.com/blog/5-reasons-why-criminals-are-turning-to-cryptocurrencies/
Post
Topic
Board Legal
Topic OP
Cryptocurrency and crime
by
JamesBorn
on 25/04/2023, 08:38:34 UTC
Cryptocurrency and crime describes notable examples of cybercrime related to theft (or the otherwise illegal acquisition) of cryptocurrencies and some of the methods or security vulnerabilities commonly exploited. Cryptojacking is a form of cybercrime specific to cryptocurrencies that has been used on websites to hijack a victim's resources and use them for hashing and mining cryptocurrencies.

According to blockchain analysis company Chainalysis, 0.15% of known cryptocurrency transactions conducted in 2021 were involved in illicit activities like cybercrime, money laundering and terrorism financing, representing a total of $14 billion as of that year.
One needs to be highly sensitive and limit sharing your device relating to bitcoin transactions and other investment because no strong physical laws against crypto fraudsters since the world has not generalized a good bindings and acceptable digital assets or exchange currency.

https://www.google.com/url?q=https://en.m.wikipedia.org/wiki/Cryptocurrency_and_crime&sa=U&ved=2ahUKEwj4jcXfzsT-AhW2gv0HHUfwDVYQFnoECAAQAw&usg=AOvVaw1wS59bd2lVi0Hd4XOVF_cB
Post
Topic
Board Reputation
Topic OP
Why we should use bitcoin
by
JamesBorn
on 25/04/2023, 08:27:12 UTC

The reputation of bitcoin cannot be dispute by anyone because has one of the highly recommended service that is quick and stress free and service has many it easy for investors to use its features over the years without form of complaints or dragging bitcoin reputation to mould, bitcoin services is highly enjoy by every member of its community.

This services rendered by bitcoin to it's users is listed with simply steps of operations.
* Cheap and high in price - bitcoin makes it easy for investors with small and big capital to buy and sell from your level of income.

* Transaction speed -bitcoin has one of fastest transaction speed that takes less than a minutes to complete.

* Transaction costs- is transaction cost is as low as from 0.5% of your transactions amount.

* Accessibility- bitcoin is easily access by anyone as long you've a smart phone or laptop.

* Security - the security level of its users/wallets can be likely compare to world bank, bitcoin can not be easily stolen by anyone unless you expose your device information.

* Privacy - is also private owns by individuals, not to be share information with others.

* Transparency - transactions, trading, investment and price charts are very transparent for easy records.

* Diversification - this is a unique features, bitcoin is really diversified in different areas e.g trading, mining, investment and so on.

* Inflation protection - Bitcoin helps to reduced the excess of money over purchased of few goods or products. Or carrying huge amount of money from one point to another. www.fool.com


Post
Topic
Board Bitcoin Discussion
Topic OP
Merits of bitcoin over other currency
by
JamesBorn
on 25/04/2023, 07:53:27 UTC
The following are some of the major advantages of using Bitcoin versus other currency systems: this makes bitcoin different from other currency or network assets which investors are liable to panics and scams victimization but the advantages of bitcoin below may need argues or contribution from your end.

1. No Third-Party Seizure
Since there are multiple redundant copies of the transactions database, no one can seize bitcoins. The most someone can do is force the user, by other means, to send the the bitcoins to someone else. This means that governments can’t freeze someone’s wealth, and thus users of Bitcoins will have complete freedom to do anything they want with their money.

2. No Taxes
There is no way for a third party to intercept transactions of Bitcoins, and therefore there is no viable way to implement a Bitcoin taxation system. The only way to pay a tax would be, if someone voluntarily sends a percentage of the amount being sent as tax.

3. No Tracking
Unless users publicize their wallet addresses publicly, no one can trace transactions back to them. No one, other than the wallet owners, will know how many Bitcoins they have. Even if the wallet address was publicized, a new wallet address can be easily generated. This greatly increases privacy when compared to traditional currency systems, where third parties potentially have access to personal financial data.

4. No Transaction Costs
Sending and receiving Bitcoins requires users to keep the Bitcoin client running and connected to other nodes. Essentially, by using bitcoins users will be contributing to the network, and thus sharing the burden of authorizing transactions. Sharing this work greatly reduces transaction costs, and thus makes transaction costs negligible.

5. No Risk of “Charge-backs”
Once Bitcoins are sent, the transaction cannot be reversed. Since the ownership address of Bitcoins will be changed to the new owner, once it is changed, it is impossible to revert. Since only the new owner has the associated private key, only he/she can change ownership of the coins. This ensures that there is no risk involved when receiving Bitcoins.

6. Bitcoins Cannot be Stolen
Bitcoins’ ownership address can only be changed by the owner. No one can steal Bitcoins unless they have physical access to a user’s computer, and they send the bitcoins to their account. Unlike convential currency systems, where only a few authentication details are required to gain access to finances, this system requires physical access, which makes it much harder to steal.

https://www.google.com/search?client=ms-opera-mini-android&q=usefulness+of+bitcoin&oq=usefulness+of+bitc&aqs=heirloom-srp.0.0l5
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Topic
Board Politics & Society
Re: Family first..
by
JamesBorn
on 24/04/2023, 17:11:44 UTC
I agreed with you, for each family to be unity and love, family can never be compare to money, business or work because the bounds is blood stream likely to be framed as one which nothing should breaks. I love seeing a lovely families fills with loves, happiness and joy. They usually shares ideas, business and careers. They promotes education of family members, you can see a colourful life together weather wealthy or otherwise. But dear, there is more to it than what you see and heard, many families are living in broken homes, nobody is relating with each other because they're many circumstances behind it. Like you mention a man impregnated the wife's friend, this things happens always, marriage is another heaven and hell to learn that's why some do not last while others do.

But I also encourage love in the families, we should experience this unusual strength for each other, add a colourful and blissful time together for social events, shares ideas, worries and help each other. Makes life colourful at home even when people try to rumpled it outside.
Post
Topic
Board Trading Discussion
Re: Not about to give up hope.
by
JamesBorn
on 24/04/2023, 16:47:31 UTC
Setbacks is inevitable, mine I have experience of losses in the time past and presence, I also had an investment with Luna when it collapse. Nothing seem to be permanent right from creation. One of my hard to forget loss I went through is when a friend gave me $3,000 to add to my trading wallet and be sharing interest with him, I gladly take the money and one faithful afternoon 2020 I open a trade that go against me and wipe the entire money, I didn't know how to explain what happens to my friend and what will be the outcome. It was hard experience for me to survived through but we are still here after much failure comes a better success. As for bitcoin the project will live long.
Post
Topic
Board Beginners & Help
Re: Will you sell because of situations?
by
JamesBorn
on 24/04/2023, 04:02:34 UTC
Do you advise he sells and bail his kid sister?  Everybody is confuse.

Sorry to say but this should be one of the dumbest questions I have seen in this forum.

Like,  what where you expecting forum members to reply you? Take a minute to think about it, the man sister's life is on the line here and you want him to start contemplating of he should sell or continue holding. There are times where you don't even need to think able something twice before doing it, as long as the safe return of his sister is guaranteed then there is no reason for him not to sell and if you weren't lying what's stopping the kidnappers from demanding crypto directly?

This is ridiculous, I feel you just made up this story the same way you have been making others.

OP, you don't expect me to come up with life and dead issue as friction. Kidnapper can not demand for crypto since they didn't mention they're after your coins, also crypto transactions is traceable to your identity, you don't expect people who hiding their identity to ask for bitcoin that contains details information of the receiver. What will benefit to lie with life, pls don't always see my post as a lie, only seeking for advice.
Post
Topic
Board Beginners & Help
Re: Will you sell because of situations?
by
JamesBorn
on 24/04/2023, 03:45:06 UTC
OP, Let me ask you a question.
If you are holding 1 bitcoin or less in your wallet, which you never planned to sell out any time soon, your family is doing well, and there has never been any need for you to need extra cash. 

If you wake up one morning and your child is in a critical condition that requires immediate medical attention, you rush her to the hospital, the doctor confirms that she's going to need to undergo some surgery in the next couple of minutes, and you don't have such an amount of money demanded right on your bank account or in cash, but you have some Bitcoin stock somewhere, what will you do? Do you really need to think about what to do? The more time you are spending thinking about whether or not to sell the Bitcoin and save your daughter's life, the more you are endangering the life of that innocent girl. (just an illustration). 

Situations like that don't even require a second thought; sell off and solve the problem. That's the most important part of saving: for our savings to save us in the future in times of need. If you keep on calculating whether or not you are to stake your savings over saving the girl's life, you might end up regretting your actions for the rest of your life. 
Your question is just so unreasonable. The answer is yes, sell and save the kidnap victim. You can save up with time. 

Well, you're right your child can not be in the hospital and you hold your investment still. Why I throw this question out here is because people have being begging this man to sells anything he has and pay the ransom for the sister but he keep delaying. I met him myself, explain to him that life is more precious than any savings why not do all you can to save your sister life, if it means selling your coins but putting strong feelings for bitcoin, that the money he has is on bitcoin and he never plan of selling it since the price is against is original purchased price. And to him even if he sells bitcoin the ransom money will not complete. This why I was thinking I can get more response that can help the situation.  Thanks
Post
Topic
Board Beginners & Help
Topic OP
Will you sell because of situations?
by
JamesBorn
on 23/04/2023, 16:24:27 UTC
This story is pathetic, the man who introduce me to bitcoin, his kid sis was knapped 2 weeks now and the kidnappers are asking for a huge ransom of  N10 Million Nigeria currency but the whole thing looks like a plan work from some people close to him because many people know him to be crypto dealer. Now this money is never available anywhere, the man's only option is to sell his bitcoin and even if he does is not up to the amount. Do you advise he sells and bail his kid sister?  Everybody is confuse.

Many things happens this days, putting you on a test! At what situations did you think you can sell your bitcoin and forget about bitcoin like it has never exist in your life. Knowing well the situation you're into many must have passed it and scale through without selling. What then will make you to sell even if the price is against you?
Post
Topic
Board Bitcoin Discussion
Topic OP
Transformation of bitcoin is a sustainable means.
by
JamesBorn
on 23/04/2023, 15:52:20 UTC
In all history of investment projects both government structures bitcoin has the vast transformation system e.g when it was first launched in 2009 with less than $10 rate, many major breakthroughs come from there as people hips plenty units of bitcoin, the first bulls was extremely recorded, this pupms progress from $10, $50 up to $60k and that makes a lot of changes over this intervals of years. The trade and investment interest rate is accumulating everyday. Prior to this time before the price reducing to $29k, bitcoin have add history to development, standard of living, help many in reaching out to the less privilege. All this shows great transformation, I urge everybody to keep building bitcoin image, buy and store even with $10. I see freedom from financial burden to me and you, our children and unborn generation if bitcoin shines more life will definitely shines more to many.
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Topic
Board Trading Discussion
Re: Lets Brain storm on how to limit losses...
by
JamesBorn
on 22/04/2023, 18:02:29 UTC
My dude, greed is the major reasons why people experience losses, let's leave aside sentiments, everybody is into bitcoin because they wants to make money and in attempt to money many feels like outsmarting the system. The first huge amount of money put into trade and investment was $3,000, what happen I open a trade and leave the market going in my favour, often time I came back to check it, it was still green favour but when it goes a slits against me instead of taking profit and leave, I was believing to hit huge expectations and be like others but the market go against me and wipe all the money, I did not get myself for two months with trauma and shocks.

Most bitcoin investors and traders are too greeding to a fault, wanted to make all the gain in a second, minute or hour without be contented with the little increase you've on your wallet. If we can remove greed we can achieved great.
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Topic
Board Bitcoin Discussion
Re: Bitcoin is going down day after day right now
by
JamesBorn
on 22/04/2023, 17:41:50 UTC
OP, the only option I see is to keep watching the price while holding, I don't think anybody has actual fact about the price dropping or going up, unlike forex analyst they can be accurate in most cases because they've studied the relatives movement and strength but in bitcoin no such clue since everyone thinks bitcoin grows as more buys is encourage by investment and a good and campaign by country's policies but for now just keep holding and trust bitcoin will do great. Remember there is fast changes in price already since Match.