Yomose

You are totally right, the best way to avoid scam is to know about how scammers do scam and also protecting your wallet from scammers. About yobit exchange you talked about, you are very right. And using 2 fa security is very protective and back up the QR code and the access code provided by yobit.

@BullRunBit what about the lost cryptocurrencies of the hacked accounts? Have they all been refunded?

Can you tell us the rules that are broken? There is no such rules like that here, you can rent your signature space as it is empty. You can also add up to five referral links in it.

I know wallet recovery services, especially for hardware wallets that makes it still possible to recover back your wallet with anything you remember like passwords. But, I still make sure I have my master seeds as the back up for recovery.

This is not wrong, to the extent that the trading is instantly at low fee of just 0.02%. I like other things about yobit, like the free coins section but this section is not profitable like previous years.

I like this topic, and I will like to rent mine too, I hope the outcome will be good. Thanks in advance. But this topic needs to be updated so that members can see it easily and it will help them.

You should trust many sites that really legit took with their referral link, like the coinbase is a good example. About yobit too, they are trusted too. Ones the person referred perform some trade, the referral will be rewarded.

About the ones for warning reward like electroneum, they could be best but still all are not profitable. And as for the exchanges you mentioned, there are still other better apps like kucoin and hitbtc.

Maybe it can be connected with the virus pandemic but what most important is that the price of bitcoin increased back, so that means cryptocurrencies resist the pandemic viral negative effect.

I will agree to this, I have a friend who is a forex trader, he do talk more about news like interest rate and many others to predict price of various currencies but cryptocurrencies I hardly see people using news to judge but in paste there are events I know about that really affected the price of cryptocurrencies lime bitcoin. A good example was the trade war between the USA and China that decrease bitcoin by 30% in the past.

Both forex and crypto trading are so risky, but it depends on how you trade, you can have a capital of $3000 to trade and lose $1500 in just one hour or a day in both forex and crypto. As for me, I prefer crypto trading maybe because I know it better than forex.

Forex is a blending from foreign and exchange, these are money controlled by the governments of individual countries. Force trading is then mean to trade the money from one to another one. A good example is to convert dollar to euro which means you buy euro against dollar.

Trader have rules and if these rules are not followed, it can lead to unsuccessful trading. Someone that wants to trade or know how to trade should be patient and have knowledge about what trading is. Knowledge is not everything as well but also experience.

It depends, like me, when I started to trade, I have learned a lot and I started alone because of the high fee tutors are demanding. I am better daily, if someone can take time to read all about trading and also applying patience, the person will become a good trader without any trainer.

@magd do you not read about this topic and the replies? It was said this exchange was hacked two times and the last hacked results to huge amount of cryptocurrencies that was stolen and the exchange did not pay their customer back till now. How is this good exchange?

You are right, it happens like that on yobit with 0.0012 btc as the withdrawal fee which is not too much compared to many excuses but I prefer to withdraw using altcoins like ripple on most exchanges which I know will have low transaction feel too on yobit.

It is simple, the email and the login must be remembered, if the login is forgotten, the account will not be recovered or if the email is not accessible, the account will not be recovered. The two are very important in yobit account recovery process.

Binance already has launched this, I am using binance not long ago though but I saw the option which ks very risky when I read about it, it is not even using trading means but only the price in the chart to predict. The binance option is not trading, and many people often lose to this binary option, it is not advisable, only trading is better.

That means you do not know if the price of bitcoin will increase or not in the future? As for what I know, the price will still do increase even if it falls now which means the future is predictable.

Do not like risk so much, although I like trading but I prefer to just do long term trading that is less risky than day trading. But the coins I will collect here will be more than the trading profit have ever made with what I calculated for now.

Maybe there will be a way miners will be able to mine lost bitcoin I the future but as for now, they are in circulation and contribute to bitcoin price but not accessible.

Be careful of just sentimentally thinking about the bitcoin price, be careful not to just invest and not gain when you are expecting. The price of bitcoin during this halving can may not get bitcoin to all time high before the next halving.

@Sentry The transactions are not completely anonymous, and the transaction can be affected by malware into hackers address. But the transaction itself for bitcoin can not be compromised by 51% attack because of the high number of hashes that bitcoin network generates, the more the hashes theme secure the transactions will be.

It is very possible that crypto change peoples life but on those forum, i will cryptotalk is the one that changes members lives because cryptocurrencies is not easy to deal with again unlike 2017 and before when the price were rising so much.

BIP39, which means bitcoin improvement proposal 39 means mnemonic phrase used to recover back a wallet. It is used by many wallets which are non custodian. On some wallets, before accessing the seed phrase, you will need a password which will be choosing by you, this password is called passphrase while some wallets like electrum call it seed extension. If a wallet is lost and the passphrase is not remembered, it can lead to total loss of the wallet without any possible recovery. So, it is gold to remember this passphrase and the seed phrase should be back up for easy recovery of your wallet. I like the recovery of BIP39 because any wallet that support it can easily be used for recovery which means I may be using coinomi and recovery my coins on larger nano that also supported it.