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Showing 20 of 46 results by abuya55
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Topic
Board Altcoin Discussion
Re: Best 5 Altcoins to buy right now. My picks
by
abuya55
on 16/04/2021, 07:27:01 UTC
What wallet do you use to store them? My Ownr wallet doesn't support any mentioned coin.
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Topic
Board Bitcoin Discussion
Re: He said Bitcoin is a Scam: See What happened to Him
by
abuya55
on 16/04/2021, 05:39:39 UTC
I don't like to argue with people who says Bitcoin is a scam. Why should I change their minds. Time will show who is right.
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Topic
Board Altcoin Discussion
Re: Exchange to wallet
by
abuya55
on 18/01/2021, 02:53:37 UTC
It depends on the amount of coins you have and the period of time you are going to hold them. If you need these coins for trading in the near term, it's OK to keep them on the exchange. In any other cases, find a non-custodial wallet. Some exchanges have wallets-partners they perfectly work with like Changenow and Atomic, Bitfinex and Ownr. The best wallet to use with Binance is Trust.
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Topic
Board Bitcoin Discussion
Re: Own only a small amount of bitcoin? Regardless, DON'T LOSE THEM.
by
abuya55
on 18/01/2021, 02:35:49 UTC
Both stories sound so weird. Even if you own a really small amount of Bitcoin, why don't you care about keeping them safe. $1 isn't a wealth, but who will ever though away a banknote?
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Topic
Board Bitcoin Discussion
Re: What's the next Bitcoin´s NEW 2020 HIGH?
by
abuya55
on 13/11/2020, 11:16:51 UTC
I believe Bitcoin will be close to $20K by the end of this year. Because of several reasons like PayPal announcement about crypto services Bitcoin and crpto at all have an opportunity to reach new highs.
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Topic
Board Bitcoin Wallet for Android
Re: What is the best bitcoin wallet
by
abuya55
on 13/10/2020, 07:02:48 UTC
Have many Type Cryptocurrency wallet for Hold and storing Bitcoin wallet. I always use Coinbase crypto wallet for BTC. Coinbase is Very strong wallet. Also you can use Blockchain.
Coinbase isn't the best choice because you don't have a access over your private keys. That's why like many users I prefer non-custodial solutions such as Coinomi, Atomic, Ownr wallet and etc.
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Topic
Board Bitcoin Discussion
Re: Everything You Ever Wanted to Know About Bitcoin Mixers
by
abuya55
on 13/10/2020, 06:48:35 UTC
Great post, Thank you. It's one of the most apprehensive articles about mixers.
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Topic
Board Service Announcements
Re: OWNR wallet. Buy, exchange and store crypto. Licensed service.
by
abuya55
on 28/09/2020, 06:55:17 UTC
Shitcoins are temporary, bitcoin is eternal. You don't neeed this sinful feature as staking, ownr wallet functionality is just enough
Not all altcoins are shitcoins. I hope one day Ownr will add XTZ staking feature, so I don't have to switch between different apps.
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Topic
Board Bitcoin Discussion
Re: Why is the price of BTC (and any other crypto) always higher in Asian countries?
by
abuya55
on 28/09/2020, 06:41:00 UTC
Price is determined by the market in which it trades: by means of supply and demand. The price may vary from one exchange to another one.
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Topic
Board Bitcoin Discussion
Re: OMG !!! Peter Schiff was right, again.............
by
abuya55
on 15/09/2020, 06:20:23 UTC
I suppose it was a lucky guess only. Bitcoin behaved like stocks because of the pandemic effect.
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Topic
Board Bitcoin Discussion
Re: Storing your Crypto in Exchanges is better than using Cold Wallets!
by
abuya55
on 15/09/2020, 06:12:59 UTC
Not all people can afford buying a hardware wallet, but there is another option, non-custodial mobile wallets. So you don't have to keep coins on exchanges.
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Topic
Board Altcoin Discussion
Re: 5 mistakes to avoid when investing in Crypto
by
abuya55
on 30/08/2020, 03:42:07 UTC
yes, some pretty good suggestions, especially for beginners, at least the suggestions above can minimize investment losses. Besides that, you also need to pay attention to financial management, my advice is not to invest in one coin, if you have a lot of money, prioritize investing in BTC and set aside some for top altcoin investments.
Quote
3. You dont want to rely on a single coin- Diversification is very important when it comes to investment. You dont want to put all your eggs in one basket.
You've read the topic inattentively. It was the third advice.
P.S. I want to add something. Protect a crypto wallet with two-factor authentication or buy a cold wallet to maximize your security.
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Topic
Board Bitcoin Discussion
Re: There are 3 quadrillion times more atoms of gold than "satoshis"
by
abuya55
on 30/08/2020, 03:26:42 UTC
And why does it matter? I can easily send one satoshi to somebody with Bitcoin wallet. Gold atom can't be sent or received
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Topic
Board Economics
Re: 2020-2021 best year if You Want to become rich no skills needed
by
abuya55
on 21/08/2020, 06:55:44 UTC
Maybe you don't need to have special skills to become rich nowadays. It's more important to have an entrepreneurial ability.
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Topic
Board Bitcoin Discussion
Re: Bitcoin and Libra to be future?
by
abuya55
on 21/08/2020, 06:52:07 UTC
Bitcoin is the future, but there are no rooms for Libra and Gram tokens.
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Topic
Board Wallet software
Re: Is Exodus a good wallet?
by
abuya55
on 03/08/2020, 07:35:23 UTC
open source and more trusted.
Why closed source wallet is less trusted? Most of ordinary users can't ready the code.
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Topic
Board Bitcoin Discussion
Re: Bitcoin and Education
by
abuya55
on 03/08/2020, 07:29:32 UTC
I like your idea. Bitcoin education should be a part of financial education for students.
Post
Topic
Board Wallet software
Re: Is Exodus.io wallet safe to store BTC for a longtime
by
abuya55
on 19/07/2020, 04:59:57 UTC
Exodus developers themselves don't recommend using their wallet (if storing large amounts):

7.Finally, and most importantly, if you are storing large amounts of crypto assets do not use Exodus.


This says all. Even the developers do not recommend it.

The best practice is to buy a Ledger Nano or Trezor.

There you can use Electrum Wallet for bitcoin and the native software for the altcoins. This is best way to store cryptocurrency today.
Why is Electrum better than Exodus? Both wallets encrypt private keys and keep them on your device. Maybe I'm wrong, but I think that most of non-custodial wallets are the same.
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Topic
Board Bitcoin Discussion
Re: If War breaks out between China and the US, can China hack Bitcoin?
by
abuya55
on 19/07/2020, 04:50:58 UTC
Chinese miners, not the centralized authority control 50% of Bitcoin mining capacity. So technically "hacking Bitcoin" is impossible.
Post
Topic
Board Economics
Re: I tried money making apps!
by
abuya55
on 13/07/2020, 08:17:06 UTC
I don't trust money making app. There ain't no such thing as a free lunch.