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Showing 20 of 1,188 results by dificanovi
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Board Bounties (Altcoins)
Re: 🚧[OPEN] Hexydog Signature Campaign | Audited by SolidProof | Bounty Increased
by
dificanovi
on 26/02/2025, 02:36:43 UTC
Username: dificanovi
ETH/Metamask Wallet Address: 0x587228B66d6f877CF27ff89082aDFC1e8d4461ad
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Board Bitcoin Discussion
Re: Bitcoin recognized as digital currency in Shanghai
by
dificanovi
on 01/10/2024, 18:17:48 UTC
Maybe the government in China is tired of breaking the adoption of Bitcoin in their country. Now they are trying to open up little by little the opportunity for Bitcoin to develop in their country. This is positive news for all of us that Bitcoin is very strong and no one can stop it from developing throughout the country.
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Board Bitcoin Discussion
Re: Bitcoin ATM scams have topped to $65 million in the first half of 2024
by
dificanovi
on 01/10/2024, 17:57:34 UTC

The main types of scams they use include "government impersonation," "business impersonation," and "tech support fraud." Scammers create urgent situations to convince victims to withdraw cash from their bank accounts and deposit it into a Bitcoin ATM using a QR code that links to the scammers' wallets.

And as usual, older adults are the most vulnerable to these scams, especially those 60 years and above.

People who are over 60 years old, their mindset has begun to decrease in considering a problem they are facing, especially in urgent situations so they easily panic and at that time the perpetrators carry out their fraudulent actions to influence their victims to give their money in the form of Bitcoin to the perpetrator's Bitcoin wallet. That is why it is important for us to inform or warn our families to be careful of fraud that often occurs in times of urgency.
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Board Bitcoin Discussion
Re: Is there least effect of whale manipulation on bitcoin among all crypto coins ?
by
dificanovi
on 01/10/2024, 17:18:40 UTC
Bitcoin is popular among huge population all over the world while the demand  for altcoins is limited. Does this mean there is least effect of whale manipulation on bitcoin among all crypto coins ?
I maintain an opinion that whale manipulations are more of a conspiracy theory than proven reality with Bitcoin. Bitcoin has a huge market capitalization, too big for major manipulations. Certain announcements or events that involve the movement of large amounts of money (billions of dollars) can have a short-term impact on the price, but those are not coordinated attacks. For instance, the price fell down significantly when the pandemic was announced in 2020, but that wasn't a whale manipulation. Similarly, the price went down recently amidst announcements of Mt Gox repayments, but no manipulation here either.
I believe that altcoins with low market capitalization are susceptible to manipulations, but Bitcoin is not like that and I agree that it's the least manipulated coin (in a sense that manipulating its price is almost impossible in practice).

I like your opinion, whales will not be easy to manipulate Bitcoin because the price of Bitcoin is already very expensive so if they want to manipulate the price of Bitcoin then whales must have billions of dollars in capital to manipulate the market price.
Unlike Altcoins whose prices are much cheaper than Bitcoin so whales find it easier to control Altcoins in the crypto market, but buying Altcoins is very risky because most Altcoins can only survive on the exchange for a few years.
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Board Exchanges
Re: Is Coinbase insured?
by
dificanovi
on 01/10/2024, 16:32:11 UTC

And then what?

You don't need to wait for what before you take action; all that's needed is safety. Never hold your coins on a centralised exchange or a custodial storage. Be your own security boss, and that will save you from the stress of thinking about what might happen later. 

Just as Coinbase advised their users to use whatever security means necessary to protect their credentials from being accessed by thiefs since they won't be held responsible for any loss incurred by such action customers, as you need to be responsible for your own security; in other words, they should not hold anyone responsible other than themselves.

[/quote]
I agree with what you said, in the crypto world do not ask for responsibility to others for the losses we receive. In general, centralized exchanges will not be responsible for something that happens to their consumers who lose Bitcoin or Altcoin that is hacked. It is better for us to store the Bitcoin or Altcoin that we have in a hardware wallet so that it is safer and not easily hacked, only we supervise and are fully responsible for the security of the hardware wallet that we have.
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Board Bitcoin Discussion
Re: Bitcoin will shrink the economy
by
dificanovi
on 01/10/2024, 15:43:52 UTC
At this time Bitcoin is known to almost all humans on earth, but saving money in Bitcoin will not reduce the economy. Humans certainly have needs that they must buy such as food, drinks, clothing, and other needs that they must buy, therefore Bitcoin will not reduce the economy. Saving money in Bitcoin is also important because the price will always increase from year to year, while if you save in a bank the value of money will remain as much as we save in the bank and all the goods we buy from year to year will be more expensive so the value of our money in the future will decrease, that's why we are required to save some money in Bitcoin.
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Board Bitcoin Discussion
Re: Pretend that you believe storing btc in an exchange is better than a hard wallet
by
dificanovi
on 30/09/2024, 23:59:38 UTC
From some information I got, hackers break into centralized exchanges more often than hardware wallets. The following exchanges have been hacked by hackers, namely Bitfinex (2016), Binance (2019), Kukoin (2020). So I prefer to store Bitcoin on a hardware wallet to be safer from hackers.
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Board Bitcoin Discussion
Re: BTC-friendly banks in Canada?
by
dificanovi
on 30/09/2024, 23:51:41 UTC
Hi guys, I hope you're all well :-)

I was wondering if any members here have any experience of profit-taking from BTC in Canada, and in particular, which Canadian banks are most likely to be OK with customers withdrawing cash from BTC sales into their accounts?

This is the first BTC bull cycle I've experienced (not counting the tail end of the 2020 cycle when I first started investing) so I've yet to try making any sales / taking profit, so I want it to be as hassle-free as possible.

Thanks :-)

If you are someone who lives in Canada then you don't need to be afraid to withdraw cash or deposit money for Bitcoin. From the information I got that Canada is one of the countries that has a policy approach that tends to be friendly to bitcoin. If it is true that you are in Canada then you can use several crypto exchanges such as NDAX, Kraken Canada and CoinSmart. Some of the exchanges that I mentioned you can withdraw and deposit cash in Canada through Banks in Canada.
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Board Bitcoin Discussion
Re: How did AML kill the decentralized market of Bitcoin?
by
dificanovi
on 29/09/2024, 19:57:14 UTC
The AML policy provides a barrier for Bitcoin as a decentralized cryptocurrency. Some governments have a problem with decentralized Bitcoin so that some countries ban Bitcoin. Countries that ban Bitcoin are afraid of money laundering by corruptors or criminal transactions such as buying weapons and buying illegal drugs. However, in countries that accept Bitcoin, there is no problem with decentralized Bitcoin because that is where the advantages of Bitcoin lie. People who live in countries that accept Bitcoin are very happy because they can benefit from decentralized Bitcoin, they can buy something with Bitcoin and can also benefit from trading bitcoin because the price of bitcoin is not controlled by the government but rather buyers and sellers who can control the price of Bitcoin.
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Board Bitcoin Discussion
Re: Elon Musk's Tesla and SpaceX Currently HODLs $1.30B in Bitcoin.
by
dificanovi
on 29/09/2024, 07:54:56 UTC
I search google on this one, but i only see the latest topic/article from Utoday mentioned by OP, nothing from other sources, and looks like this is old news. So i think the article is only to hype the price, unless there is a recent announcement/post (on X) of Elon regarding his own and his companies' bitcoin holdings, i can say nothing's new. Most people here know he sold most of Tesla's btc's holdings wayback 2022.

yes maybe that's old information he got, I've also tried to find the latest news on this topic but I didn't find it. Although I didn't find the latest information about Tesla and SpaceX ownership that holds $1.30 billion worth of Bitcoin. I still believe that Tesla and SpaceX owned by Elon Musk hold $1.30 billion worth of Bitcoin because they are rich people and geniuses, they believe that Bitcoin can provide huge profits.
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Board Speculation
Re: SPOT bitcoin ETFs popularity : Will it result in ATH before end of 2024 ?
by
dificanovi
on 29/09/2024, 07:22:46 UTC
Lately I have received a lot of information that the price of Bitcoin will increase at the end of this year. I predict that the price of Bitcoin will increase in November but I cannot predict the exact date when the price of Bitcoin will increase to its all-time high. At the end of this year everyone will be excited about the prediction of the price of Bitcoin, along with the presidential election that will be held in the United States. Let's monitor the price of Bitcoin until the end of this year, hopefully the price of Bitcoin will really increase at the end of this year, and hopefully those of us who currently hold Bitcoin will get big profits at the end of this year.
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Board Bitcoin Discussion
Re: Using bitcoin for transactions in country where it is illegal.
by
dificanovi
on 28/09/2024, 18:28:21 UTC
In my opinion, it is better not to report to the police because it is risky, it is possible that the suspect and the victim will both be punished for using Bitcoin as a means of payment in their country which has clearly banned Bitcoin. It is better to use bitcoin for investment or trading if we are in a country that prohibits bitcoin, if we want to buy something then we must exchange Bitcoin into fiat money to be safer.
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Board Bitcoin Discussion
Re: What's on your mind
by
dificanovi
on 28/09/2024, 17:34:20 UTC
As an investor who is eager to diversify his wealth to other areas what do you think about this, Building a hotel as means of investment or buying a bitcoins for a long term investment. If you are to choose among this options, which will you choose base on your personal view of things.
Share your idea and Help someone to think right.

Investing in Bitcoin or in property such as buying a hotel both provide benefits but the process is different. Investing in Bitcoin will get profit when the price of Bitcoin goes up, and if investing in a Hotel we will get profit when someone will rent our Hotel room to stay for a few days.
I prefer to invest in Bitcoin because it is easy, the process is not complicated, the price continues to increase from year to year and I don't need to spend money often on security costs or renovation costs like maintaining a Hotel.
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Board Bitcoin Discussion
Re: Take your Bitcoin off Coinbase
by
dificanovi
on 28/09/2024, 17:06:38 UTC
Withdrawing Bitcoin from Coinbase does not mean not using Coinbase as a marketplace to trade Bitcoin or Altcoin. The negative information about Coinbase recently has been very sensational and detrimental to Coinbase, I am sure that Coinbase will not do anything that will harm it.
For me, all exchanges have the same uses and benefits, it's just that if you want your Bitcoin and Altcoin to be safe, it is better to move all coins to a personal wallet that we have after doing various activities on a centralized exchange.
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Topic
Board Bitcoin Discussion
Re: Take your Bitcoin off Coinbase
by
dificanovi
on 27/09/2024, 23:32:24 UTC
Regardless though, one should not store his funds for a long period of time in any exchange.

All exchanges also do not guarantee that the coins we have will be safe for a long time, some bad things can happen like some exchanges that have disappeared from the cryptocurrency world. Since the beginning of my acquaintance with Bitcoin, I have never left my Bitcoin or Altcoin on a cryptocurrency exchange because there was once someone who put his coins on a crypto exchange for a long time, but after that he tried to check his coins and it turned out that his coins were no longer on the crypto exchange.
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Topic
Board Bitcoin Discussion
Re: Take your Bitcoin off Coinbase
by
dificanovi
on 27/09/2024, 23:31:32 UTC
Regardless though, one should not store his funds for a long period of time in any exchange.

All exchanges also do not guarantee that the coins we have will be safe for a long time, some bad things can happen like some exchanges that have disappeared from the cryptocurrency world. Since the beginning of my acquaintance with Bitcoin, I have never left my Bitcoin or Altcoin on a cryptocurrency exchange because there was once someone who put his coins on a crypto exchange for a long time, but after that he tried to check his coins and it turned out that his coins were no longer on the crypto exchange.
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Board Bitcoin Discussion
Re: Bitcoin has more active hours than the stock market
by
dificanovi
on 27/09/2024, 20:40:26 UTC
Indeed, nothing can match the active trading hours of Bitcoin, as time goes by, more and more people will trade using Bitcoin rather than trading on the stock market. Many people are switching to trading Bitcoin rather than the stock market because the profits to be gained are greater when compared to trading on the stock market. Bitcoin also has the advantage of a price that continues to increase from year to year, besides being good for trading, bitcoin can also be invested.
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Board Bitcoin Discussion
Re: Lol. Trump "makes" his first bitcoin transaction.
by
dificanovi
on 24/09/2024, 19:25:27 UTC
With this we can see that Trump seems to support Bitcoin. I believe this is one of the tricks to gain sympathy from Bitcoin users or Altcoin holders to elect him as president. Hopefully Trump will legalize Bitcoin in the US after he has officially become president.
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Board Bitcoin Discussion
Re: Government Bitcoin Rankings: US Tops List, Bhutan and El Salvador Active
by
dificanovi
on 24/09/2024, 17:06:06 UTC
The US holds the largest Bitcoin reserve at $12.16B, mainly from law enforcement seizures.
The UK has a passive Bitcoin strategy, holding $3.67B with minimal recent transactions.
Bhutan and El Salvador actively manage Bitcoin, with Bhutan also generating income through mining.

With the data provided that the US, UK, Bhutan and El Salvador have stored Bitcoin, but the US has the top ranking. Bhutan and El Salvador are also trying to collect Bitcoin by actively mining it, I think Bhutan and El Salvador want to beat the US as the top ranking country.
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Board Bitcoin Discussion
Re: Check if you have any rare satoshi
by
dificanovi
on 24/09/2024, 16:42:50 UTC
I just discovered this nice web site which lets you know if you hold any rare satoshi

https://magiceden.io/ordinals/discover-raresats

I discovered I have some sats from the 10000 btc pizza. Sadly, it doesn't look to be worth anything

I tried to check it and it turns out I don't have that rare satoshi. I also want to have it but I don't know how to get that Pizza Satoshi.
After I checked it seems like Pizza Satoshi has a selling value of around 0.000016 BTC unfortunately I don't have that coin.