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Showing 20 of 40 results by Ummarr
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Topic
Board Beginners & Help
Topic OP
My Questions about Bitcoin investment and Mining.
by
Ummarr
on 06/12/2022, 18:23:03 UTC
Hello everyone Being in this forum and reading through the various conversations there made me very happy. I can see a lot of discussions about investing in bitcoin and the current bear market. A lot of people are making comments about the bear market, which was brought on by the crashes of some coins like FTX and Luna. I'm curious as to what sets Bitcoin apart from these other coins. Considering that it's been said that Bitcoin won't be impacted and will continue to grow, what are the key difference between the two Bitcoin and other coins?

The second is about Bitcoin mining; what is the difference between investing in bitcoin and mining bitcoin, or are they interchangeable? If you do not wish to purchase, will you mine your own Bitcoin?
Please accept my apologies if the question appears unclear; I am very confused, which is why I ask. Thank you very much.
Post
Topic
Board Bitcoin Discussion
Re: Describe what Bitcoin has done for you
by
Ummarr
on 06/12/2022, 13:39:50 UTC
Bitcoin has done many things for me...
I was a person who rely on my parent anything I need I. Must wait for them, there the one to provide it for me sometimes I'll not be able to get it.
One day I now got introduced to bitcoin/cryptocurrency he now explain much about bitcoin and what Bitcoin has done for him I was like he want to introduce me to fraud I didn't give it much of time by then one day I was sitted I now got a call from a friend he still explain the same thing as my brother that's when I got engage to these great platform.
So bitcoin as my change my life today giving those who help me wen I  did not have
Post
Topic
Board Bitcoin Discussion
Re: What should be my fear?
by
Ummarr
on 06/12/2022, 13:24:46 UTC
As a newbie that has a little knowledge on bitcoin /cryptocurrency I think what should be your fear is suppose to be 2 things.
1: target a time before you invest in bitcoin you've to be careful.
2: second thing is dat you've to be careful don't live your assets in online wallet.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Vision
by
Ummarr
on 06/12/2022, 12:32:11 UTC
The objective of Bitcoin is to make a secure, robust electronic cash strategy that can provide micropayments and the ability to conduct transactions globally, for values as low as or lower than a thousandth of a US cent .
Post
Topic
Board Bitcoin Discussion
Re: investment in bitcoin should be short term or long term.
by
Ummarr
on 06/12/2022, 07:01:05 UTC
Long time investment is far better than short time that is why we called it Imvest the more you live it the more it increase so I think long time investment is better than short time
Post
Topic
Board Bitcoin Discussion
Re: Could bitcoin mining solve climate change?
by
Ummarr
on 05/12/2022, 13:43:14 UTC
Yes sure.. It will solve thousands of problems bitcoin isn't even something new it always solving people problems
Post
Topic
Board Bitcoin Discussion
Re: When You Heard About Bitcoin For the First Time?
by
Ummarr
on 05/12/2022, 13:38:22 UTC
Never forget the pass when someone got introduced to a new thing they dont have much focus on it.
Because I was introduced in these great platform I was someone that I didn't give much of time to it. Although uptill now it haven't been great time for me for been In these great platforms I'm now enjoying it
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Topic
Board Bitcoin Discussion
Re: First time of owning bitcoin
by
Ummarr
on 05/12/2022, 13:31:23 UTC
When I owned my cryptocurrency/bitcoin I was happy because I was like someone who don't have much assets of my self wen I got introduced by bitcoin my life changed to better
Post
Topic
Board Bitcoin Discussion
Re: How Early Is It Now, For Those Who Missed Bitcoin In Its Early Days?
by
Ummarr
on 04/12/2022, 05:11:30 UTC
No one knows what will happen in 120 years as we don't have a crystal ball. There are more and more people going to exchanges like Binance, Primexbt, kraken
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Topic
Board Bitcoin Discussion
Re: What problem does Bitcoin solve?
by
Ummarr
on 04/12/2022, 05:07:17 UTC
Satoshi's solution created a new way to use money in a digital form that is counterfeit-proof and can be sent directly from one person to another (“peer-to-peer”) without having to go through a financial institution.. Nakamoto was not the first to hit on the concept of cryptocurrency but was the one to solve a fundamental problem that prevented its adoption: Unlike paper currency, cryptocurrency could be duplicated . This was known as "double-spending," and Nakamoto solved it by creating the blockchain system of verification.
Post
Topic
Board Bitcoin Discussion
Re: Why Bitcoin is the most Preferred Choice
by
Ummarr
on 03/12/2022, 23:11:44 UTC
Bitcoin as so many advantages as an assets it change people's lives globally today without bitcoin some people would have still they suffering, the main is for you to make your transaction with depending on anyone
Post
Topic
Board Bitcoin Discussion
Re: Principles of Bitcoin
by
Ummarr
on 03/12/2022, 23:06:58 UTC
Self-custody, Security, Inclusion, Interoperability.
Transparency, Privacy, Decentralization.
Bitcoin involve these things there the things that'll guide u
Post
Topic
Board Bitcoin Discussion
Re: A reminder about the media
by
Ummarr
on 03/12/2022, 22:54:46 UTC
You need to know how the thin they work like you've the rules and regulations guiding the platform.
Daily reminders :don't live your assets in online bank
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Topic
Board Bitcoin Discussion
Re: Bitcoin is King
by
Ummarr
on 03/12/2022, 22:35:03 UTC
There are different ways abd opinions in BTC.
I see many people misusing BTC which I think they're just losing opportunities bitcoin is very good platform for us to engage and get the use of and always bitcoin is promoting so when we got engage in it will help us
....
Post
Topic
Board Beginners & Help
Merits 1 from 1 user
Re: [Quiz 2022] History of Bitcoin and Bitcointalk 🚩
by
Ummarr
on 01/12/2022, 14:43:14 UTC
⭐ Merited by GazetaBitcoin (1)
I have 7/21 score which is poor😭

https://postimg.cc/fJff4XnN

I learn from my mistakes, I am happy to participate.
Post
Topic
Board Beginners & Help
Topic OP
How dose Blockchain works?
by
Ummarr
on 01/12/2022, 13:25:34 UTC
When I was attempting to get into Bitcoin, I came across the term blockchain. It's difficult for me to understand the precise function and meaning of blockchain technology after searching for it on the Chrome browser, which is why I'm here.
I'm new to this forum and this is my first post asking for information about blockchain. Could someone please provide me with a detailed explanation of how blockchain functions?
Post
Topic
Board Beginners & Help
Re: [Quiz 2022] History of Bitcoin and Bitcointalk 🚩
by
Ummarr
on 01/12/2022, 13:18:41 UTC
So interesting quiz
Post
Topic
Board Bitcoin Discussion
Re: The long-term goal of Bitcoin
by
Ummarr
on 30/11/2022, 19:46:36 UTC
The end goal is to enable people to transact among
themselves without these transactions being controlled
by governments and mega corps. To enable monetary.....
Post
Topic
Board Bitcoin Discussion
Re: Why are some government scared of Bitcoin?
by
Ummarr
on 30/11/2022, 19:23:06 UTC
Some government agencies argue that Bitcoin's decentralization and anonymity encourage cyber crimes . That's because criminals can hide behind it to steal money from users. Some people believe that Bitcoin is the future of money due to its increasing adoption. Government are incharge of the central bank so they think if they legalize BTC they will loose because the users  will not use their banks again
Post
Topic
Board Bitcoin Discussion
Re: Why are some government scared of Bitcoin?
by
Ummarr
on 30/11/2022, 19:14:50 UTC
Some government agencies argue that Bitcoin's decentralization and anonymity encourage cyber crimes . That's because criminals can hide behind it to steal money from users. Some people believe that Bitcoin is the future of money due to its increasing adoption...
And the government are in charge of central bank so if they allowed bitcoin to be everywhere they will loose some economy.