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Showing 10 of 10 results by Sheaila
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Board Beginners & Help
Re: Is the entire Crypto Market ever likely to be Scammed?
by
Sheaila
on 05/01/2023, 06:07:37 UTC
Yah. Everything could be a scam, even long lasting businesses could regardless of how legit they were at the start. It's just more prevalent in crypto since a lot of people are new to it, or are beginners in terms of understanding what and what is not a scam, so it's much more obvious. I don't have any faith in the crypto world, I have faith in the fact that my Bitcoin are safe in my hardware wallet instead.

I'd honestly avoid crypto to put your wealth in, it's volatile, risky, it's an investment that you go to when you're ready to lose whatever you put in. There's probably a lot more other investments out there that are relatively safer. Ofc profits drop off but that's the payment for being safer compared to crypto.
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Topic
Board Bitcoin Discussion
Re: Bitcoin Can Now Be Bought Using Apple pay and Google pay On Binance
by
Sheaila
on 31/12/2022, 11:05:59 UTC
Like the subject say, we can now buy Bitcoin using apple pay and Google pay through binance.
Though this was made possible by a centralized exchange, I still think it's worth mentioning and recognizing.
To remember that Google, together with several other social networks once banned bitcoin and cryptocurrency ads, I think makes this news a bit more interesting.
Little by little, ease of transacting in/with bitcoin is gradually entering into the mainstream tech world as with this new development, converting fiat to Bitcoin just got easier for billions of Android and iPhone users.

Didn't google ban them because of how many shitty projects were just scams? Or did Google at one point really hated Bitcoin/Crypto in general?

I guess it's a good option, pretty much further cements Binance being the best cex among the ones in existence. It's convenient I guess, but with the amount of options that are already convenient in place originally, it doesn't add that much in terms of that.
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Topic
Board Services
Re: Roobet.com | Art Contest "Winter/Holidays 2022" | 5 Categories - $5000 in prizes
by
Sheaila
on 29/12/2022, 10:11:18 UTC
Entry 1
Category: Digital Art
Tools used: CSP
Roobet Username: Sheaila
https://i.imgur.com/Tw338mI.jpg

Hope I did that right.
Album for process: https://imgur.com/a/MvsLTou
Post
Topic
Board Bitcoin Discussion
Re: Saving: If not Bitcoin Wallet then House for Fiat.
by
Sheaila
on 29/12/2022, 07:46:17 UTC
Wouldn't it be better to put it to other investments? Not just in Bitcoin, there's safe investments out there afaik that don't fluctuate that much if you don't want to risk it. There's also buying land if you can, they don't really depreciate  in value and would relatively stay in demand even in the long term. I'd only ever keep funds in my home for daily usage and possibly a bit for emergencies, though it still wouldn't amount to being that big in my case.
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Topic
Board Bitcoin Discussion
Re: What if the government of a country is irresponsible?
by
Sheaila
on 29/12/2022, 07:26:25 UTC
What if the government of a country is irresponsible and issues a large amount of currency to buy Bitcoin?
No matter what the reason is, inflation is already very serious now. If some unscrupulous governments print a lot of money in order to repay debts and fight inflation, of course it will not be one time. Credit money no longer has credit.
When a chain of interests is formed between big countries, behind the crazy printing of money is the harvesting of countries that are not rich. What would it look like if it were all exchanged for Bitcoin?
Wouldn't this be the same idea if the government just printed money for buying their own stuff? Not even necessarily limited to Bitcoin, but rather a lot of other stuff. It'll just end up killing their entire economy. With more prints the more they'd need to spend not just for buying Bitcoin but for more stuff, plus it reduces the idea that the government is incapable, leading to more and more problems down the road. In an extreme case I don't think them being overthrown would be an impossibility.
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Topic
Board Services
Re: Roobet.com | Art Contest "Winter/Holidays 2022" | 5 Categories - $5000 in prizes
by
Sheaila
on 23/12/2022, 02:31:32 UTC
~
Hello, I think you're supposed to include the category you're joining in and your Roobet username in the post. OP might not include you in the list of participants without it
Post
Topic
Board Beginners & Help
Re: Is the entire Crypto Market ever likely to be Scammed?
by
Sheaila
on 23/12/2022, 02:01:52 UTC
From dictionary.com
Quote
A scam is a deceptive scheme or trick used to cheat someone out of something, especially money
You'd only ever consider the entire crypto scene a scam if you ever tried to enter it without knowing anything. There are some crypto projects that are scams, obviously, just like any other industry (but more rampant here I guess), but that doesn't mean that the entire place is a scam, especially if you consider the biggest name in here which is Bitcoin. Wouldn't conside that a scam since "scamming" would require someone to be on the "opposite" party, Bitcoin doesn't have that, but other projects do.

Can I confidently choose Crypto World to safely store all my hard earned wealth?
Like the bank?
No, not really. The place is highly volatile, I don't think you should invest everything in it. Maybe a part of it, one that you're willing not to spend for a long time, specifically investing it on Bitcoin.
Post
Topic
Board Beginners & Help
Re: Don't sit on your hands
by
Sheaila
on 02/08/2022, 05:55:25 UTC
Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin, remember it was because of CoViD that's why BTC plummeted to 3700$, the best strategy is DCAing, 17500$ per BTC weeks ago was a good opportunity honestly, for the short time some said but might be the last for the long term too, instead of guessing and making predictions avoid sitting on your hands and do nothing.
You can buy at multiple spots in the market imo, not necessarily DCA'ing but it's something similar, especially if the market is down. Doesn't need to be at set intervals (e.g. monthly) but you can buy it at a set price say at every $5k decrements or less. Though I guess most would prefer buying at idk $30k then selling at $20k  Grin

I myself never look at the market after I invest since I do long term and if I look at the market for just an instant, my hands might go weak and start selling. It's why I bought all I wanted when it dumped down to $20k and I'm probably just gonna wait a few years before thinking of anything related to trading it back.
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Topic
Board Beginners & Help
Re: What is your main goal... ?
by
Sheaila
on 21/06/2020, 05:13:32 UTC
It is possible to earn without any monetary Investment online but the amount that you will earn will be very small. In most cases you will be investing a lot of time but the actual monetary output will be very less.

To earn good, you have to invest both money and time.
Not really, if you have the skill, then with time, you could earn quite big. Look for sites that offer "beer money" through skills, such as app testing, surveys, etc. Most of them aren't really crypto related though tbh. There's also the well known swagbucks.

Often people search "how to earn free money" which is quite complicated IMO. Everyone want to earn some money from internet which is almost impossible if you are looking totally free. I have remembered a story long time ago in our country, there was a online survey and they have asked to participate on the survey in order to get mobile recharge (balance). So I go in deep to check what is that and eventually a message popped after complete survey and that is "Nothing is free on the world". So from there I have learnt it and never tried for free money. Either you should have best knowledge and time or you have to invest on some good platform (doesn't mean PONZI scheme). If you have good skill or knowledge then you have to spend time like you may work web development or design, then you may earn some money over internet. If you fund then you may start lending business even on the forum. So spending time on Airdrop or similar platform wouldn't give your cost of your time. Find some real earning source would be a wise decision. Besides that free earning method would led you to scam.
Most of the time, what free really means is you either getting scammed 90% of the time, or the free is something that is of pitiful amount that isn't really even worth our time. It's actually a lot better to just find works that are pretty simple, pay low, but are constant at the very least. Like those delivery jobs that you find online. Most of what we find for "free" on the internet is actually a gamble, and 99% of the time, you'd find yourself inside a scam already.
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Topic
Board Beginners & Help
Merits 3 from 2 users
Re: [For merit] Discuss the effect mining rewards have on the price of Bitcoin
by
Sheaila
on 15/11/2019, 13:05:42 UTC
⭐ Merited by Jet Cash (2) ,TMAN (1)
Mining could be said to be the one that supplies the BTC to the market. Now with each halving, the rewards get reduced and miners are now more lets say, forced, to improve their equipment or quantity of miners to be able to produce more BTC blocks.

Plus, with how more miners are entering the scene, the difficulty of mining spikes because BTC adjusts it's difficulty based on how large the computing power is used on mining a bitcoin, to at the very least, maintain block production at a stable rate.

Additionally, with how the mining rewards are being halved, and how the supply is being more and more limited, naturally, Miners will have more and more problems in fighting over blocks because all of them are now fighting over resources. When BTC was launched, everyone with a mining rig could have taken one block to solve and no one would've fought for it, but with each passing halving, supply halves, rewards halves, and miners have to fight others now to earn their keep.