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babaji

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Everything posted by babaji

  1. Kyc or Know your customers requires every member to upload documents exposing your identity and that cannot be a good thing. Exchange come and go, and when it does, it can easily take away your documents, and sell it to some third party. Although, its not a big issue, but some deranged psychopath, can use it to hold your identity and do some pretty bad damages.
  2. Before cryptocurrency, the most preferred way of earning online was to invest in Hyips or Revenue share programs, and even PTC, and believe me a lot of them paid, long enough to get your principal out, and still make some profit. i had a friend from Canada, whom I called my elder sister, who was involved in all these, and she was the first one who told me about bitcoin.
  3. At present, my favorite coin is Sapphire. It is a masternode coin. I invested about 700$ in it last year. I have withdrawn my 700$ plus 400$ more. I also got atleast 8 more masternodes created from the profits of Sapp masternodes. I also got 100000 Kyan coin as they forked sapp blockchain, which is around 200$ all for free. I do not believe it gets any better than this. Now its getting crazy in sapp, as they plan to bring in real world applications.
  4. When you try to break an old established system, do you believe it will go down without a fight. Monarchy was much more stronger than Democracy, but see now, democracy rules, and monarchy is all but done. At present, reluctantly I have to agree, Fiat is stronger, and the whole world economy is dependent on it, but its a dying system, with flaws so big, that it will sink the entire country in matter of days. But because of globalization, you do not see the collapse. But fiat days are numbered, those who are shifting to crypto is choosing the future, those who are still in fiat, are choosing an old decaying past.
  5. The youtuber CryptoCrow, says use exchange like a public toilet, do your business and get out of it. The sad part is I learn this through the hard part. Don't keep big amounts in exchanges, unless there is insurance offerred. Even then it is risky, but you can be sure, that you would get back some of your money back if not all. However, better yet is, to withdraw your coins to a wallet and not loose it all.
  6. I try my best to read both content and title. However, some content are so long, that many would just ignore and make their point. I do believe it is a good habit and proper forum etiquette, to read the title and the entire post, to have a sense of what is being discussed, and accordingly you can answer to the best of your abilities.
  7. Well you can join faucets, and earn by claiming free btc, you can earn easily 100 to 1000 satoshi per day. If anyone told you, it is going to be easy, its not. You have toil hard, learn everyday, click everyday, and one day, you might come to a point, where you can earn enough to pay for monthly expenses, but it is not going to be easy. Start with faucets, join coinpot wallet, and join all the faucets listed, it will give you enough satoshis per day, collect it and convert it to doge, and bring it to yobit, and invest in investbox, thats a start for you.
  8. Investing, trading and gambling, are in one way or the other the same side of a coin. All of these have risks, arguably one more than the other. If you do not know, what you are doing, you can end up loosing everything, Learn please learn, before you can jump in to this world of bitcoin sharks. If you do not learn, you will just bleed and you can see how red it gets on the bitcoin charts when the market goes down. If you invest make sure you read enough of the projects, the developers, and the roadmap and ultimate goal of the coin. if you are trading, read about controlling emotions, and about understanding markets, and the understand the effect of volume and its consequences. And gambling, that you dont need to think much about, stay away. Lastly dont invest money that you cannot afford to loose, play with the loose cash you have.
  9. Your Title and the content of the post is not coherent. Your title is about privacy, while your content is about security. As for privacy, it is essential to avoid KYC sites, as once you upload your documents, you can easily be tracked by govt. or worst, your documents might end up at the wrong hands. It becomes even more troublesome, if you are from US or other such countries, as you run the risk of getting identity theft. As for security, your private keys are your and your responsibility alone. Lose and you can see your bitcoin floating in blockchain space for time eternal.
  10. What's free is free. If someone gets something for giving something for free, that's still free. If a site get 100 sats and gives 20 sats for solving captcha, its still free, coz you are not paying anything for it. It's more of a semantics that you are objecting, Personally I don't care, as long as I get something of value for free, or for solving captcha. In the real world there is no free nothing handouts, in crypto since a lot of funds are moving, hence you are getting stuffs for free, and I am sure it will stop very soon, as the crypto population goes out of hand.
  11. Well those who didn't join CryptoTalk at the start did miss out on a huge opportunity. There was a contest in CryptoTalk in the beginning, where the highest poster got 1Btc as reward, and there was many rewards. I mean just to post like crazy for a month, and a reward of 1Btc. That's almost too good to be true. But it happened, and someone did get the reward, although I am pretty old, even I miss that competition. Now my hopes are on the miner bounty contest, with the first prize of 4 btc. WOW.
  12. 0. Date: 08.10.20 1. Login on Yobit exchange. 2.
  13. If you check coinmarketcap, hundreds of coins are listed everyday, and hundreds of coins are delisted as well. There are some sites, that list all the dead coins. Well is it possible that all altcoins disappear, it sure can, but its is highly unlikely. For eg ETH is so big, that it may dethrone bitcoin one day. It is not going anywhere, but is gaining more
  14. I guess everything that has cryptography coded in its core, its crypto currency. As such every decentralised coin is crypto currency, including bitcoin, but altcoins, as you rightly put it is alternative to bitcoin, and everything is altcoins, excluding bitcoins, however personally I do believe ETH has gone past the tag of altcoins and is more a competitor to btc.
  15. Apart from the fact that the returns are very low, like 10% a year, there is apparently no other risks. however if you think about it, you can double your money, if you trade your money, in a very short time, and it would take almost 4 years to double your money. Safe sure, but a very slow process...
  16. That's what every bitcoin holder dreams about, as global adoption means that the price of bitcoin will skyrocket. However, there are many problems for this dream to come true. It may happen, but not likely in near future. I believe Bitcoin might achieve this dream in the next century, if it survives and is not replaced by something better.
  17. I didnt make such mistakes, as I have made a lot more mistakes in time before cryptocurrency, so if anything is glittering too much, i ignore. However i still got scammed, it was by exchnages, so I would highly suggest, please be sure you go in correct exchange, coz you can loose everything in there.
  18. It depends upon the amount of btc you have. If you have a lot of bitcoins, obviously it is not a good idea to keep in exchange. But some exchanges have provided ways to earn from the btc that you keep in the site, like Kucoin, where you can earn by giving out loans. although its not, but again its easy money. So I thinking keeping small amount in exchange is okay, but not big amounts.
  19. I used to own a website, many years ago. Its a small hyip, wherein the profits were made from Pamm based forex account. However, it was not profitbale, and hence I had to close, I paid each and every penny back. good thing was that, I did not have a lot of investors.
  20. The problem with two choices is it is dependent on two choices. You become very lucky, when there is a bull run, and you become very unlucky when there is a bear market. I was a very lucky at one point of time, and when I lost everything I was very unlucky. So there is no point where you can be sure, as to what you are in crypto.
  21. What is ahead of fear, victory. I have already everything so many times. I have made a lot, and then I lost more, and I made again. However, if you do not take risk, you will never achieve anything. Just dont be dumb on it. For eg, you know Eth will increase in a few days, then take the risk and invest all, and if it doesnt, just wait for some days, and take back your money. Thats calculated risk.
  22. I think Canada has always been supportive of Bitcoin. There are companies in Canada, that prefer to pay in Bitcoins. Bitcoin is at a point, where ignoring it is more harmful and accepting is much more beneficial for any country and its economy. The example set by Canada, will set precedence, and I am sure, many big economies will finally realise the true power of Btc and accept it wholeheartedly.
  23. 0. Date: 07.10.20 1. Login on Yobit exchange: rocky321 2.
  24. Wow, 59% is a huge percentage. No wonder, there is always panic sell. I dont even login telegram, the whole feel of telegram is like its a place for scammers and liars. I get my news from news portals, which include something like coin desk.
  25. Replying to a topic is much more easier than creating one, hence I prefer replying. If I have to create topic, i have first find a topic, second put in research, as in the reader, may have a proper perspective, of what I am trying to say or ask, and is it based on evidence etc. Some people can create two, three lines topic, if you can do that, creating topic is better. I cant.
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