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Showing 20 of 35 results by Resident coin
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Board Bitcoin Discussion
What determines the price of bitcoin
by
Resident coin
on 09/01/2023, 22:50:36 UTC
There are multiple factors and events that impact the price of Bitcoin in some way. But mainly, the relationship between demand and supply affects its price because there isn’t one central institution that controls the supply of Bitcoin. Actually, bitcoin halving is an event that is tied to the supply of Bitcoin because it splits the reward that the miners get.
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Topic
Board Beginners & Help
How to use BTC
by
Resident coin
on 09/01/2023, 22:45:28 UTC
You can use BTC to buy products and services from merchants online and offline. You’ll be glad to know that there are about 15,000 companies that accept BTC. Also, many not-for-profit organizations are getting on board to accept BTC donations. You can use your BTC in Microsoft, Overstock, Wikileaks, Twitch, and other major brands.
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Topic
Board Beginners & Help
Why bitcoin is so valuable
by
Resident coin
on 09/01/2023, 22:33:04 UTC
  Bitcoin demonstrates some attributes for a currency, but its main source of value lies in its restricted supply and increasing demand.bitcoin dose not have the backing of government authorities,it doesn't have a system of intermediary banks to propagate its use.A Decentralized network consisting of independent nodes is responsible for approving consensus-based transactions in the bitcoin network.
Bitcoin dose not display some attributed of a fiat currency system,it is scarce,and cannot be counterfeited
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Topic
Board Beginners & Help
Re: what are the disadvantages of paper wallet
by
Resident coin
on 28/12/2022, 16:47:16 UTC
Most are saying that if you hold big amount BTC you choose paper wallet. what is the reason behind that?

Because paper wallets are considered cold storage — whereas compared to a wallet on your personal phone or computer, your funds should be totally safe from hackers assuming you created the paper wallet correctly.

In general, I'd recommend hardware wallets than paper wallets.


and just want to know if i keep small amount BTC on paper wallet , what is the disadvantage?

1. If you planned on making a transaction, you need to create a new paper wallet after the fact for security purposes.
2. Your funds can be stolen if you created the paper wallet using a malware-infected device.
3. Paper is fragile (though you can easily create multiple copies).
Hard ware wallets are too expensive and the setup process can be quite tedious for newbies.
They are vulnerable to physical risk.it can be stolen or even get damaged
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Topic
Board Beginners & Help
Re: what are the disadvantages of paper wallet
by
Resident coin
on 28/12/2022, 14:44:32 UTC
The reason people use paper wallet is that they do not need to worry about a piece of hardware or a piece of software failing ,all they need to take care of is a piece of paper. you can store any amount of bit coin on paper wallet, its the safest way to store your bitcoin. it is sometimes not safe to store cryptocurrencies online or in exchange. After all,they are often haked.sometimes even your live wallet on your computer has its risks.
When you own your paper wallet ,the address that holds your bit coin is not yet connected to a block chain. So your wallet is not yet active until you enter your information online and  your wallet is connected to a live block chain.
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Topic
Board Beginners & Help
Re: You can Make 785 + Merits as well in 365 Days
by
Resident coin
on 27/12/2022, 15:20:27 UTC
Your hard work and perseverance have paid off. Congratulations! Congratulations on your well-deserved success! You're an inspiration! Warmest congratulations on your achievement!
I wish to be there soon

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Topic
Board Bitcoin Discussion
Re: Bitcoin or Netcoin ?
by
Resident coin
on 27/12/2022, 11:10:59 UTC
It has emerged that Satoshi Nakamoto, the anonymous founder of Bitcoin, might have had a different idea regarding assigning the name to the flagship cryptocurrency.

In particular, historical domain registration data shows that Bitcoin.org, the website linked to the original Bitcoin, registered on August 18, 2008, could have been named Netcoin.org. Interestingly, Netcoin.org was registered a day before Bitcoin.org was created.
The two domains were registered under AnonymousSpeech, a service that allowed users to buy domain names anonymously. Further research indicated that no content was ever posted on the Netcoin.org domain before being repurchased by another user.
Furthermore, Netcoin.org domain was later deleted before being taken up by a subsidiary of Web.com in 2010.

The success of Bitcoin.

It is worth pointing out that the decision to retain the name Bitcoin might have been crucial to the success of the cryptocurrency, helping minimize the number of individuals claiming to be Satoshi Nakamoto.

For instance, Australian Computer scientist Craig Wright has long stressed that he is Nakamoto with the issue moving to court.

In this case, Wright’s claim as Satoshi Nakamoto was considered by a London court, allowing the computer scientist to serve publishers of the Bitcoin whitepaper with copyright lawsuits.

Bitcoin.org publisher served
One of the publishers included the publisher of Bitcoin.org, known by the pseudonym Cøbra. The publisher, a United Kingdom resident, noted that he was ready to give up his identity to protect “the most important paper of the 21st century.”

In the meantime, Wright continues to battle to prove that he is Nakamoto. As reported by Finbold, Wright recently insisted that there were people who know him and can confirm that he indeed is Satoshi.

Wright has been labeled a scammer by crypto sector players, including Ethereum (ETH) co-founder Vitalik Buterin. According to Buterin, Wright was ruled out as Satoshi after he began sharing technically wrong things about Bitcoin and the crypto sector.

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Topic
Board Bitcoin Discussion
Re: What is difference between Wrapped Bitcoin and Bitcoin?
by
Resident coin
on 27/12/2022, 07:48:54 UTC
Wrapped bitcoin is actually a token that mirror's the  values of bitcoin and is interoperable with decentralized applications built on the Ethereum network. Wrapped bitcoin actually tracks the value of real bitcoin, this means that each tokens value have one to one relationship with bitcoin
So if you want to keep a store of value,bit coin is a good choice.
However, If your looking to use your tokens for DeFi transactions, or if your interested in dapps,wrapped bitcoin might be better for you.
You can also convert your wrapped bitcoin into bitcoin by just clicking the unwrap inside your wrapped bitcoin wallet.
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Topic
Board Bitcoin Discussion
Re: Has anyone ever lost bitcoins before?
by
Resident coin
on 26/12/2022, 07:59:26 UTC
Losing bitcoin by mistake transaction to a wrong account
U can actually be refunded, but only when counter party knows the sender.which is infrequent
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Topic
Board Beginners & Help
How to make a quality post
by
Resident coin
on 23/12/2022, 23:18:35 UTC
Making a quality post involves much more than writing whatever u feel like or making a long post.if u want to produce a quality post in the
Forum, you must make sure ur post are useful and trustworthy,your post most solve problems. Your post must deliver a content that is remarkable and unique. some might be so desperate that they do not even understand their post before posting. We should write about what we are qualified to talk about ,if u have no knowledge about cryptocurrency,then I don't think u are qualified to make a post. If a chicken Farmer is telling me how to catch a fish,am skeptical. For one to make a quality post,he/she needs to have the expertise in this field of cryptocurrency. You must focus on your post destiny not your post length.
Your post must be long enough to offer value but short enough to be the point
To make a good post,you also have to speak in the right tone of voice of the readers. There are so many educated people here,would you speak to them in the same tone of voice as u would speak to your 5-year old daughter?
(Unless u were seriously weird).
Post
Topic
Board Beginners & Help
Re: BTC awareness
by
Resident coin
on 21/12/2022, 18:00:54 UTC
Speaking of bitcoin awareness, the use of cryptocurrency in africa has recently increased dramatically and some researchers have been made and it has been realised that African countries are among the top countries in term of bitcoin adoption.
Some countries in Africa are rapidly using fiat currencies to purchase bit coin because of the growing population of bitcoin in Africa. So many merchant have now accepted bitcoin payment as bitcoin adoption grows and am very sure that the use of cryptocurrency will become a standard world wide.
But come to think of it ,there are still countries were cryptocurrencies are not allowed which we need to look at.
The reason some countries hesitate in crypto adoption in Africa and other part of the world is its volatility. This is actually because no one has control over the mining process. Most crypto mining process takes place on personal computers.
Despite all this,the number of businesses accepting cryptocurrency as payment method remains high.
I just hope that the issue of bitcoin volatility would be solved soon because many countries see crypto currency as a way to increase their wealth.

 
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Topic
Board Beginners & Help
Topic OP
Improvising towards the worlds renaissance
by
Resident coin
on 19/12/2022, 23:17:29 UTC
The improvement has began over times and bitcoin has gone a long way over a decade and more,I don't think we still have to look back at the previous means of exchange that we have, although bitcoin hasn't fully been considered a medium of exchange since it hasn't generally been accepted.

Bitcoin supports much lower transaction cost than fiat currencies. And we should also know that bitcoin never sleeps,you can send bitcoin to your relatives or friend anytime,no matter were the person lives and bit coin does settlement in minutes or less,fiat may take a few business days. Another thing about fiat that annoys Angry me is the need to convert them depending on the country of a friends bank,for instance if u have a friend that lives in india,then u will have to change the currency to INR.

Bitcoin is easier to be moved around since it relies upon a digital network for distribution rather than physical storage and transportation of fiat.
Bitcoin is very easy to buy,sale and HODL, now there are numerous ways and platforms that people can choose from to buy cryptocurrency.
It Is s important for anyone to dance to the tune of their days.
Bitcoin is the currency we have for this our modern world,and I expect everyone to HODL bitcoin.
We should improvise and improve with how the current currency rebirth is going, I don't expect everyone to HODL shit coin and I dont advice any one to find their way into NFT since its non profitable (non fungible tokens)
Am advising everyone to put in their effort and make haste while the sun shine.
If everyone could improve as how the currency system has improved,every one will be made to enjoy the privacy, freedom and the uniqueness of cryptocurrency which is based in bitcoin.

Regards

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Topic
Board Nigeria (Naija)
Re: Nigeria (Naija)
by
Resident coin
on 19/12/2022, 15:06:04 UTC
NEW TOPIC
Username: Resident coin
Gender: male
Skill: student
State of origin: Akwaibom state

I dey very happy to see my fellow Nigerians here,I be newbie for here and I know sey many of you don master this forum. I just wan make we dey together as brothers and sisters, I hope say I dey welcome and we go make a good team??

Regards
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Topic
Board Trading Discussion
Re: Best Trading Platform
by
Resident coin
on 16/12/2022, 13:06:11 UTC
 I think you should try using octa fx because it has low commission,47 trading assets to choose from and also u get +50 present to any deposit.its a very trusted trading platform and has low entry cost on stocks
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Topic
Board Service Discussion
Re: How to monetize a cryptocurrency website?
by
Resident coin
on 15/12/2022, 21:11:38 UTC
They are different ways of monetizing a crypto currency website,you can do affiliate program or even mining plugins. You can very well rely on this method
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Topic
Board Trading Discussion
Re: How to raise funding for trading?
by
Resident coin
on 15/12/2022, 19:46:26 UTC
I think that collecting loans is a good way of raising funds for trading. They are many micro loan options for anyone who is searching for how and were to get funds for trading
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Topic
Board Off-topic
Re: Electric Cars and The Future
by
Resident coin
on 14/12/2022, 17:46:41 UTC
Having an electric car it good ,but what about the difficulties in finding electric stations,  And it also has a limited driving range
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Topic
Board Off-topic
Re: Do you Smoke?
by
Resident coin
on 14/12/2022, 17:31:58 UTC
Am not a smoker
Smoking has a very dangerous effect to the lungs, it can cause shortness of breath and coughing. Stay away from it
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Topic
Board Off-topic
Re: How can you reduce addiction?
by
Resident coin
on 14/12/2022, 17:20:00 UTC
Keeping your self busy and seek for counseling . try doing some behavioral therapy
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Topic
Board Off-topic
Re: what things you do for release mental pressure
by
Resident coin
on 14/12/2022, 17:11:10 UTC
For me, if am having any sort of mental pressure the best way is to spend time with my girl