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Showing 20 of 34 results by TurboPower
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Board Bitcoin Discussion
Re: They want you to panic :->
by
TurboPower
on 18/09/2018, 01:39:15 UTC
Yes for sure they do that for their sake, and as the time they always do that thing there's affected which is the people who belongs here in digital currency. They hoard the tokens until the time that the value of bitcoin is in higher price but behind of that while they do that the price of bitcoin is decreasing then the people who are fair, they sell it because they knew that the price of bitcoin is decreasing so there's a panic scenario will happen
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Topic
Board Bitcoin Discussion
Re: Newbies to Bitcoin can be dangerous!
by
TurboPower
on 08/09/2018, 14:55:40 UTC
I have run into several Bitcoin "newbies" over the last couple of months, that are spreading the wrong information on forums and/or in person. Their intentions is good, but the results is bad, because they did not do proper research.

Some of these people are selling themselves as experts, because they have been in the scene for a few months. I have been in the scene for years and I still know very little about EVERY aspect of this technology.

I think you should rather admit it, when you do not know something about the technology, than selling your little knowledge as facts. I will regularly tell people that I am not clued up with every aspect of this technology, but I always try to do proper research, when I encounter something that I am not 100% clued up on.

~ Ask, if you not sure.
~ Do not lie, if you are unsure.
~ Do proper research, before you educate other people.
~ Accept that you will not know it all.
~ Fact check what you already know.
~ Do not argue, if you not sure about your facts.

Let's agree that we all learn something new about this great technology almost every day, so only a small amount of us are experts.  Wink
Yes it is true, they are in the verge where when you are not aware in the environment especially in bitcoin there is a possible that you may scam easily, but you will pass it if you have the guts to ask other people in bitcoin or asking them an instructions or advice and also you may read all the rules and regulation here and tips to avoid scam.
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Topic
Board Bitcoin Discussion
Re: Its time to move on, and ignore the BTC !!!
by
TurboPower
on 06/09/2018, 14:47:58 UTC
If you are not knowledgeable and strong enough to face the reality that bitcoin is not stable and it is fluctuating you will be lose and give up. I advice to my fellow workers just continue what you have done because you will regret it if you will stop it. As like what I've said earlier that it is fluctuating which means there is a time that you are lucky.
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Topic
Board Economics
Re: Know Your Customer
by
TurboPower
on 03/09/2018, 15:39:20 UTC
Yes, it is true you must know your customer because every people in cryptocurrency have a distinct attitude, and sometimes they have a mask that represent that they just want to scam you or steal your money. they are acting like they are a good people but behind of that they have a bad intentions, but there is a some customer that honest and good when it comes to that matters. I also advice this topic to other people involving in cryptocurrency because it is crucial to know because many victims of scam are really regret it, they always say that after it happened "you should know your customer first" for all cryptocurrency user there please keep in mind this topic.
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Topic
Board Economics
Re: How did Crypto help you out?
by
TurboPower
on 02/09/2018, 00:39:13 UTC
For now, the only thing that I've got is the knowledge about crypto but it's help me a lot to understand what bitcoin really is, As a junior member or a "beginner" I didn't earned any profit from bitcoin but I think it will eaen soon, just make some effort to do the task what you are given for.
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Topic
Board Economics
Re: Why we must study Economics at University?
by
TurboPower
on 01/09/2018, 22:11:52 UTC
Economy is the production, distribution, and consumption of goods and services of a particular country. It is important to study because we will aware of what happen to our economy, is it good or bad?, what is the status of our economy for now? studying economy is very important to tackle in our school because you will know that our society is better than the other countries or low economy than the other. Moreover, knowing the status of your economy is essential because you will be aware and you will be prepare, or adjust of what happen to your society.
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Board Economics
Re: popularity of bitcoin dictates demand, means more profit
by
TurboPower
on 28/08/2018, 14:59:47 UTC
Yes, it is true, bitcoin is decentralized, so we earn some money for it, without any other negative effects in our economy because our economy have a distinct flow of how money will circulate but this bitcoin is giving our economy more profit because it didn't less the profit of our economy it is always earning some money that's why this is true, that bitcoin means more profit.
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Topic
Board Economics
Re: What will happen to bitcoin?
by
TurboPower
on 13/08/2018, 09:47:30 UTC
Bitcoin at the present time resembles as a bubble.Once it goes up, it immediately pops out.  It is normal that the price of bitcoin gets down but it's been a long time since it is on its original value or higher than its real value. Those who invest these past few months are suffering a lot of loaaes and they are losing hope that bitcoin will continue to drastically decrease in value.  Do you have guys some advice for me? It will be really appreciated and I will be eternal grateful.
Before putting resources into bitcoin we should know and should acknowledge how hazardous it is.We definitely realize that the change of bitcoin is each time.I can encourage to them that they will proceed with hold our bitcoin and be refreshed constantly about the esteem and I guarantee that we can restore our capital cash that we invest.Price of bitcoin will bob back and it will turn out to be more costly. On the off chance that the cost of bitcoin will decay the best activity is to hold it.
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Topic
Board Economics
Re: Is the government really scary?
by
TurboPower
on 11/08/2018, 06:12:51 UTC
Many people say the government is not interested in cryptocurrency. Many people think the government has prohibit
crypto to protect investors from risks. Maybe in your country, that's true. But in some countries, especially developing countries, the government just wants to rob your assets. They rob publicly, lawfully and as much as possible. they are really bandits.I'm not afraid what they do. Because we have many ways to fight them. But this world is not as simple as you think.They can kill you if you are demonstrating.
You can ask any vietnamese that : Do you support your government ? I bet 99% answer is never. 1% remaining I'm sure they are goverment employee or their family. Wink
They truly do tasks in the engine, it has been ages since they have done that and just couple of individuals from people in general realizes that beside them. With respect to my circumstance, I don't do things that would really put my life in threat, remaining in crypto doesn't mean we will be executed soon I get it relies upon how you shield your self from them. Yet at the same time just few of our kin knows Blockchain and even the legislature are not inspired by it for the time being, possibly one more year or certain occasions could lit the fire.
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Topic
Board Economics
Re: Cryptocurrency wallets: Can they be hacked??
by
TurboPower
on 10/08/2018, 08:29:45 UTC
I am very interested to know if cryptocurrency wallets like Bitcoin Core, NEON, Electrum can ever be hacked ?
Whatever is made by a man can simply have escape clauses no uncertainty and there will dependably be someone else out there who is more keen than the maker .

In this manner one can simply hack it yet it's on you how well you skeep it safe.

There are equipment wallets too they are very expensive yet you know they are pretty much most secure out there.

Online wallets are something that am constantly terrified of.

Disconnected ones are sheltered thinking of you as don't introduce some pernicious substance on portable and guard your secret key and keys.

Regardless of what absolutely never share your subtle elements with another person, it's not worth loosing your funds by and large.
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Topic
Board Bitcoin Discussion
Re: Don't worry, Bitcoin will be fine.
by
TurboPower
on 10/08/2018, 08:08:27 UTC
why does everyone start to panicking when they see the price of Bitcoin dropping so much, in my opinion it is natural that the price of Bitcoin falls because Bitcoin has experienced the same thing as now, so I suggest not to be afraid and panic.

we will see from this graphic :
1. On April 29, 2013 the price of Bitcoin was only $ 135.30
https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmcj87AFpnNdqbPdRVYBJB6Zd8bSjmMqqp8kHjiMEszyrP/b4.jpg

2. and on November 30, 2013 the price of Bitcoin increase high at the price of $ 1,149.14
https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmcngKTWQYbDvg2KWSd2rwUsZTpFMuyMraeHxBADHAfXar/b1.jpg

3. then on January 2, 2014 the price of Bitcoin decreased at a price of $ 773.40 and on December 31, 2016 the price of Bitcoin began to increase again
https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmV8DNWMg2BfWNha7QUWuQXfvu7DEHR39a96k85fzPJCsp/b123.png

4. and the price of Bitcoin began to rise high at the price of $ 19,783.30 on the 17th of December 2017
https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmRHe7w2gCeo8z7GTsY8N7xo5PnDmJdrSnk7pvyQjnikBx/b2.jpg

and as we know, now the price of Bitcoin at $ 6,948.46 and this is indeed down very far compared to prices on December 17, 2017, but it has already happened in 2014 where the price of Bitcoin dropped very far and it continues until 2016 and in 2017 finally Bitcoin prices start to increase again (it takes around 3 years to make Bitcoin prices rise). so from that, I'm sure the price of Bitcoin will increase again even though the time needed is not short.

Bitcoin is a decentralized cryptographic money ,that implies it isn't controlled by any outsider or government . The exchange is quick and send with low charges everywhere throughout the world . the administration and different experts have been attempted to control Bitcoin yet they have discovered troublesome for them to direct since they couldn't comprehend the unpredictable innovation behind Bitcoin so to my idea there is no real way to get stressed over all directions that the legislature will embrace so I say that Bitcoin will be fine .
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Board Economics
Re: Wise thing to do with your savings.
by
TurboPower
on 10/08/2018, 07:41:53 UTC
I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
I figure it would be hard for different cryptos to supplant or to obsolete bitcoin. Bitcoin originates from a long keep running for right around 10 years now and it is the pioneer of all cryptos, it's cost is clearly higher than some other cryptos, and a standout amongst the most favorable circumstances of bitcoin is its decentralization which is tremendously favored by speculators not at all like different cryptos out there which is concentrated.

This are some of numerous focal points of bitcoin that would be difficult to achieve/go by different digital forms of money. On the off chance that different coins out there would need to outperform bitcoin, at that point they ought to resemble bitcoin with much better preferences.
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Board Economics
Re: Will the bitcoin be outdated by another currency?
by
TurboPower
on 10/08/2018, 06:59:24 UTC
My answer to the principle is: NO

Bitcoin is money, the value of money is built on confidence, tradition and security, attributes that Bitcoin offers easily. The analogy between Bitcoin and social networks is completely incorrect, people think that Bitcoin is an myspace that will be replaced by facebook. It turns out that Bitcoin is money and not a social network, so this comparison is completely wrong.

Most of mankind's wealth resides in vaults for hundreds of years, so the circulating medium is derisory close to it. Why are we going to need fast, no-fee coins if we can use paper money and banks? Bitcoin's purpose is to be a safe asset, scarce and superior to gold. What is behind Bitcoin is the fact that no politician can steal you through taxes or inflation, there is nothing safer than Blockchain and Bitcoin. So far no technologically superior currency has emerged to Bitcoin to the point of provoking an abyss between technologies and will hardly emerge.

BUY BITCOIN TODAY AND ALWAYS.
I figure it would be hard for different cryptos to supplant or to obsolete bitcoin. Bitcoin originates from a long keep running for right around 10 years now and it is the pioneer of all cryptos, it's cost is clearly higher than some other cryptos, and a standout amongst the most favorable circumstances of bitcoin is its decentralization which is tremendously favored by speculators not at all like different cryptos out there which is concentrated. This are some of numerous focal points of bitcoin that would be difficult to achieve/go by different digital forms of money. On the off chance that different coins out there would need to outperform bitcoin, at that point they ought to resemble bitcoin with much better preferences.
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Topic
Board Bitcoin Discussion
Re: The Future of Bitcoin is the Community not the Government
by
TurboPower
on 09/08/2018, 04:14:00 UTC
Most times I wonder who has the power in this market whether those fighting the Bitcoin or the community itself.

I know it's just not possible for everyone to have one mind in the market because we do not really come here together but there is much more that the community can do.

Despite how furious the forces maybe against Bitcoin, Did you know that even if Bitcoin crashes today, and no one is buying Bitcoin, there will be no selling out and indirectly that cancels the crash and when the air is cleared again we start normally well and safe again?

But this is very hard to happen because the government who is standing against Bitcoin also knows about that, and they will still be the ones to offer to buy and make people to lose their investments for a penny

I think it's time we update ourselves and stay stronger, because nothing can happen without the community involvement.
I may consent to your point where the network bigly affects the market development of btc and along these lines individuals in this network should recognize what to do in the midst of bear market, for example, no frenzy offering ought to be made. This will just decline the issue since there will be more plenteous supply of btc and as result, this may trigger to proceed with it's plunge. It ought to have been purchasing more btc amid bear advertise and ought to be no offering more btc.
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Topic
Board Bitcoin Discussion
Re: What factors scare others from investing into bitcoin?
by
TurboPower
on 09/08/2018, 03:30:23 UTC
Bitcoin has come a long way and come really come to stay. As a matter of fact, anytime some people who know nothing about bitcoin are introduce to bitcoin about how bitcoin works, they channel all their attention to whoever is passing the information to them by listening attentively. However, after developing the interest in bitcoin, they quickly revert their interest in bitcoin the moment they hear of the volatile nature of bitcoin, thereby, deciding not to invest into it anymore. Guys, what are some other factors that scare people from investing into bitcoin?
I accept what drives individuals generally off from in vesting in bitcoin is to a great extent in light of the worldwide worthiness of bitcoin. Bitcoins are still just acknowledged by a little gathering of online shippers. This makes it unfeasible to totally depend on Bitcoins as a money. There is additionally a probability that administrations may constrain traders to not utilize Bitcoins to guarantee that clients' exchanges can be followed.

Another reason is that Wallets Can Be Lost. In the event that a hard drive crashes, or an infection defiles information , and the wallet document is ruined, Bitcoins have basically been "lost". There is nothing that can done to recoup it. These coins will be perpetually stranded in the framework. This can bankrupt a rich Bitcoin speculator inside seconds with no chance type of recuperation. The coins the financial specialist claimed will likewise be forever stranded. Additionally the prize isn't generally steady and this can likewise cause a jump in benefit.
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Topic
Board Economics
Re: Money Is Political, Not Technical
by
TurboPower
on 07/08/2018, 04:32:37 UTC
This truth really struck home as I read this piece by Dr. Steven Englander, a big thinker and expert in currencies and macro-investing who has worked in the Fed, Citi, Lehman Bros., the OECD, etc.

At the center of his conclusion that Bitcoin and cryptocurrencies have no real value proposition is that the top Western currencies have no store-of-value problem.  True, the US is not Zimbabwe, or Venezuela, but is a bright person like himself not aware that a dollar or pound is worth a small fraction of itself decades to a century ago?  Somone else could be forgiven for the oversight, but surely someone of the stature of Dr. Englander should know better.  At least when he writes a long and thoughtful piece like this.

Which brings me to, really, my pet peeve.  We all talk about the technical features of this money or that.  Electronic vs. physical.  Inflationary or deflationary.  Even transactional speed and cost.  But truly, the only things that really matter are political.  (That is, after a money satisfies the basic requirements, which is not a problem here.)

And I'm not even talking about how money affects the distribution of benefits to different political constituents, whether it benefits debtors vs. creditors, etc., etc.  That is a good topic for another time.  I'm talking about something deeper.  Money is political in the truest, most precise, and widest sense of the word.  And the political dividing line is not between left and right, but between the top politicians and bankers, and everyone else.

Money determines how much goes to the elites and their allies, and how much goes to everyone else.  In the service of the political goal of maximizing benefits for the former, all things tend to get distorted.  Not only is the economy twisted into producing too many luxuries for the beneficiaries by providing unstable employment to the rest (because, after all, luxuries are bought, or not, at the whims of the lucky.)  All the mainstream commentary we hear, somehow, only reflects what the elites want us to think.

According to what we now have to call mouth-pieces of the elites, somehow, people always chase bubbles, and always get hurt, because they're irrational, and there's nothing anyone can do about it.  Central-bank money creation is *never* a driving factor.  No, never.

We're living in a lie, and the earlier we wake up to it, the better.  What officials and mainstream media and academics tell us must sometimes be dismissed with: it's just politics.
Great post yet I think you are packing excessively in the manner in which things work now, in the event that you take a gander at the past you will see that the advantage which was chosen as a type of cash was the one that had the best attributes, this is the reason in antiquated circumstances gold and silver were picked by numerous autonomous societies as their type of cash, yet this has been mutilated as of late, bitcoin is only an approach to attempt to return to those circumstances in which the prevalent resource ended up prevailing.
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Board Economics
Re: Some things to consider before starting a business
by
TurboPower
on 07/08/2018, 03:25:38 UTC
Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?
  • “In entrepreneurship, luck is where preparation and opportunity meet.”
  • “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”
  • “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”
  • Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  • Market share is great, but you can’t pay bills with it.
  • You can do some financially stupid things to build market share.
Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

  • A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different

However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts
http://i.imgur.com/GI4Ui2E.png
picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/




Having one's own particular business can be the greatest dream anyone can get into to the extent accomplishing money related opportunity is concerned. What's more, we require more business people who will go for broke in understanding their dreams...these are the general population who are contributing huge to the nation's economy and can begin a progressively outstretching influence in light of the fact that there is an once in a lifetime opportunity they can be employing individuals as well.

Notwithstanding, getting into an effective business isn't that simple that is we must be readied while we are making a few dangers. Dangers must be alleviated so the effect is diminish while the business potential for development is expanded. I generally have a major and profound regard for individuals who are daring people yet recognizes what they are doing.
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Topic
Board Economics
Re: What profit has brought you to bitcoin?
by
TurboPower
on 07/08/2018, 02:51:35 UTC
What is bitcoin? This is the first cryptocurrency that Satoshi Nakamoto opened to the world in 2009. And if even before 2011 it was used exclusively by programmers, then later it became available to ordinary users. Over time, more and more users of the Internet began to learn about it and investments in bitcoin only increase every year. There were times when the value of this cryptocurrency did not move from a dead point for a long time, as well as there were sharp UPS and downs.
It is interesting to know how many people have known about bitcoin since 2009 and how long have you been investing in bitcoin?
What percentage of the profits is brought to you by early investments in bitcoin?

        All things considered, I can't give you correct number of individuals that thought about bitcoin since when it's begin however one thing is without a doubt and that is there is significantly more number of individuals that has a learning about it and right now include to it. In contributing to bitcoin, I should state that before doing speculation to this it is better that we have as of now a full learning and data about it and how it streams since it is exceptionally hazardous venture.
      It is great that we have a specific level of benefit so we can without much of a stretch perceived on the off chance that we are as of now gain or not. All things considered, the ideal time and procedure are we expected to contributing here so we can be a fruitful financial specialists later on.
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Topic
Board Bitcoin Discussion
Re: Bitcoin as World Currency...
by
TurboPower
on 06/08/2018, 13:14:21 UTC
for those that still actually think that bitcoin is going to be the monopolistic future world currency

this is how it will look like,

marketing slogan looks also familiar with the mindset of many bitcoin supporters.

https://i.imgur.com/8oz4nzA.jpg
BTC won't be the word cash. Nations are not going to surrender their fiat obviously however they will attempt to make utilization of their capacity to get their hands to control it. Furthermore, they are presently up to it officially through this directions like ETF that we are wanting to be affirmed. Bitcoin being endorsed ETF doesn't mean bitcoin will be the money of the world.

There is no war. That photo for all we know is from a motion picture Idiocracy.
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Topic
Board Bitcoin Discussion
Re: Do you keep your coins physically secure?
by
TurboPower
on 06/08/2018, 12:06:28 UTC
We're all aware of the risks of keeping our coins on online wallets and exchange wallets, but many of us still keep our coins on our own devices.

Are we keeping our devices secure? Its instinctual to not leave your fiat money wallet unattended in a public place but what about your bitcoin wallet? Are you leaving leaving the laptop you're writing your novel on the table at Starbucks when you go the bathroom? The laptop with your electrum wallet, your life savings.

Where does the line between paranoia and reasonable physical security meet?
Bitcoin does not exist. You can not spare it anyplace, it's in blockchain. That is dispersed and decentralized. Having an equipment wallet does not imply that you have it there. It implies your blockchain get to key is there. However, no PC that I use for routine exercises has any entrance to my wallet or the trades. I make everything from a PC exceptional to these exercises. What's more, my seeds are exceptionally well kept in better places from where I live.