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Messages - Faisal2202

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1
Regarding the profits, it depends on the capital. If we invest with bigger capital, the profits must be bigger. But the chance of losing huge money is quite possible, too. Specifically if we invest in new projects, many people experience losing money there.
You are right, investing in new or old projects is always risky unless you are doing your homework, for example, in the current era, there is great hype for Ton and Not tokens based on the Ton blockchain, these are good projects and can easily give us 2x to 5x in the upcoming alts rally. Why I think that because there are hundreds of telegram based bots being built to make some money but they are being built on Ton and motivated by the Not project, thus these two are getting real hype and users.

Due to which these can easily give us 2x to 5x, I already made 4x from Not when it was at 0.006 maybe. The point is a little understanding of the hype can make us good money, its not that hard, but even after doing all the hard homework you don't able to make profit then bro believe me its not in you luck.

2
Do you have any suggestions for a good and reliable source of timely information? Except for Cointelegraph and Coindesk.
I don't follow Cointelegraph anymore and I use Coindesk whenever some member posts news from that site on this forum and I have to check the source for full news. I prefer to get news from Telegram, because its way faster. I don't have any one group, as I have joined more than 10 which brings different type of news.

For example, one group mostly talk about wars ongoing in this world as they also influence market, another one is for whales tracking, and another one for letting me know what is ongoing in the crypto world etc. etc. All of these groups gives me a lot of information, Like daily scan, they also tell us a person lost this much funds today due to that scam. Its really helpful to remain up to date of the situation. As knowledge is power and we all should get our hands on it. Some links (not sponsoring)
https://t.me/BitcoinAltcoinCryptoNews
https://t.me/Crypto_Bitcoin_Blockchain
https://t.me/CryptoWorldNews

3
This is a problem that arises quite often, regarding transaction fees. Someone of course chooses to consider cheaper transaction fees because it saves more.... However, several parameters such as coin popularity, coin features and also liquidity are also often taken into consideration, someone is willing to pay a higher fee because it is really worth it...

We can compare transaction fees for Bitcoin, Ethereum, BNB and SOLANA, where there are several advantages and disadvantages of each of these coins and the platforms that carry them.

We know that Ethereum has quite high transaction fees for making swaps, but we also realize that there are still many people who still use it even though the fees are expensive. So in your personal opinion, are transaction fees really the biggest problem in the world of cryptocurrency???
Crypto users take the fee factor as they wasting their money, so if you think we don't consider it then that's wrong, we don't even want to pay it in the first place as I said crypto users take it as waste of there money. And speaking of different blockchains, I think right now ETH is not the expensive one, I mean whenever you have to withdraw ETH from some CEXs or DEXs you might have to pay a lot of fee and you also have to pay a lot of fee when you are preferring BTC.

But in compared to BTC, you don't have to pay a lot of fee in ETH, when you are directly sending ETH from one EVM wallet to another. Its really cheap. Speaking of swaps and bridging, I always in search of swaps and bridges which can save me more fee. Here are two I came to know about One is Sideshift, which lets you swap any coin into any on any network, another for bridge is synapse, its really cheap.

4
How do you respond to things like this and what do you think about this P2E telegram tap tap screen game?
I think out of all these hundreds of telegram bots (Tap to earn Games), only few will give some reward to their users, these people don't love to play, they are playing because they are after the reward, and you know out of the fixed supply allocated for rewards, if more and more people are playing it, then lesser coins you are going to receive and vice versa.

Thus the hype is just crazy that each bot is easily getting 100K to 10 million users easily. I am playing almost 17 telegram bots right now, some are good looking while some are not, but I do have the feeling that the most famous ones are not going to give us huge rewards. So it becomes a little effort making for us to distinguish out of all these bots, which is going to give us big rewards. And we should also keep it in mind that its temporary as in crypto such hypes vanished with the speed they came. Not was a good project, I made 20k Not out of them, it was really fun and money making.

5
I am sure these two guys - Thomas Pavey and  Raheim Hamilton can be facing the same fate bestowed on Ross Ulbricht for his Silk Road the online black market and the first modern darknet market which started in 2011 and later shut down by the government in 2013. By the looks of things, I think these three men were doing the same business and the same strategy. Try as I want to be sympathetic to these two fellows, we should know that the use of cryptocurrency will never save anyone who is facilitating the trade of many illegal products on the darkweb. Eventually the arms of the law will reach anyone and the time for reckoning can be coming. I am just wondering...what do you think enticed these people to be involved in a business formula that they knew beforehand will surely land them in jail? That is aside from money...
Maybe they are just clowns in the game (no offense) but maybe there are higher people who hired these two dudes to do the work for them, just like in any movie. I know it's fictional but not impossible. This can be a possibility but if they were active till 2020 only and are being caught now, it means authorities were keeping an eye on these dudes and were waiting for some mistake that they would make and lead them to these dudes.

Comparing these 2 dudes to the owner of SilkRoad is quite creative. Because I thought Ross was not involved in any kind of dealing, plus his exchange's main motive was to provide anonymous selling and buying, but not to provide a haven for scammers or bad actors. Although it worked as a haven for scammers. But in terms of these 2 dudes, their main aim was to provide such a marketplace, as they were on the darknet, and they knew bad things were being traded and they did it on purpose.

Considering the crime, I think these 2 would be given the same punishment as they gave to Ross, if not then supporters of Ross will raise voices not against these 2 dudes but for the support of Ross.

6
Basic Questions about Cryptos / Re: Why bitcoin
« on: Today at 07:24:35 PM »
When I was reading the comments I like one of the comments at the first page. And I think the Op is not active currently in the forum. But even at that other active people who might have asked this the same question will learn something from the answers. At first it you want to transact with bitcoin, you have to understand the basic knowledge of bitcoin which is a digital currency that is used to buy things and pay for services online and that is why we use bitcoin for transactions. And we choose bitcoin because it is borderless (no boundary or limited). No extra fee for international transactions and the charge for one kilometer is the same with 50000 kilometers. Therefore bitcoin is the best for international transactions.
Besides the distance, the charge for $1 of BTC is the same as for $1 Million worth of BTC. You don't have to pay an extra fee but due to the involvement of governments, huge tax has been imposed now, So, even if you don't have to pay the fee in BTC to blockchain, you might have to pay the fee in fiat as a tax for your transaction. But if you are living in a tax haven then you don't have to or in a place where they have not legalize it, or imposed some tax on it yet.

Overall, I like BTC because its remote, can be used anywhere, its volatility helps people to make money, it work like a digital gold, which can compete with the Gold (RWA). I use it for holding purposes, while most of the people as well.

7
It's a good thing that Indian authorities are busting against these scammers, no doubt the population of the country is a lot, and it is hard for the limited police to handle them, but still, it's a good thing they managed to get these bastards and recovered the funds. Its not only in India, but scammers are placed in all over the world, when they do some bad act like this, they hurt the image of there country.

Although the amount seems small in dollars for a foreigner but speaking in fiat currency its not. Its almost triple here in my country. I hope more fraudsters will be busted as when one group get caught other also get caught.

8
It's been some time since exchange/service hack lead to such huge financial loss. And while they they'll replace customer Bitcoin, who knows when will customer receive the replacement. Your opinion is greatly appreciated.
You are right, not so many exchanges or services has faced such huge loss, besides the UWU lend a defi protocol also get hacked and lost $20 million dollars. I already heard about the DMM exchange, and it was not a good thing that they lost funds but in the news, I heard they made the statement that they have enough funds to refund every single user of their exchange. So there is nothing to worry about.

I don't know if the withdrawals are restricted on this site if any Japanese could confirm. Cexs like these don't just waste their empire over such loss (Although it's not a small one) but they can earn more if they choose not to scam you (their customers). AFAIK, there was a service, wallet authentication service, that was promoted on BTT, it was a review campaign, it was also a Japanese service that got hacked, its name was Mixin Safe. They also lost a lot of money back then. It was a big hack of $200M but I think it was back in 2023.

9
The lesson of the story would certainly be that you should never give up in case you find yourself in a similar situation - because even locked wallets have a chance to be unlocked in the future as technology advances.
So he (the owner) kept the wallet (which was locked) and did not delete it, as if he would have deleted it, and then reinstalled it, he has to two option, create a new wallet or import the previous one, and I assume he might not have the seed phrase to the wallet as well. Please correct me if I am understanding it right as I don't know how a roboform password generator works. I assume it generate the wallet password that we usual use to encrypt our wallet.

First we make wallet and get a seed phrase, he might not have it? And keep the wallet unlocked and when the hackers (whitehat) reverse engineered the roboform they get the password not the seed phrase right? If its the case then the owner was smart enough, I am glad he get his funds back. And yeah it really give us hope that we should never give up.

10
It's probably his way to attract attention, but Bitcoin shouldn't be seen as way to be a millionaire or rich easily. His claim that cryptocurrency “does the hard work.” also ignore effort and work done by cryptocurrency community.
No I don't think his words ignore the effort that a person has to make million from BTC, either he is doing spot or future great efforts have to be made. I think he tried to compare the two paths leading to the rank of millionaire. One is entrepreneurship, and the second is BTC investment. If these two are compared I think we only need investment in BTC to make million, only if you are planning to hold BTC for the next 10 years. But if you want to trade in spot or future in BTC then you need more than just investment. You need knowledge, activness, control on your emotions, have to face the harsh market conditions.

But if you are an entrepreneur, you have to find right opportunity, investment, have to be motivated all the times, you have to give more time to work and lesser to relation, you have to be ready and prepare to take quick decisions and action, there are a lot of properties for an entrepreneur while not for a BTC investor. I hope you got my point here. But still the factors I mentioned for entrepreneur, they also work for BTC as well if a person can't control his emotions, he will also try to avoid personal relations and spend more time in market.

11
I'm not sure the owner actually accidentally send Bitcoin to wrong address. After all, you need to copy Satoshi's address from certain place (e.g. news or article) and exchange usually require you to double check/verify whether you actually want to perform withdraw. And when i decide to verify the actual amount, i find it's weird that currently 3 block explorer showing 3 different amount.
The first two explorers you have aforementioned are showing the same balance but the last one shows only half of it. There might be a reason behind it. Well, the difference is these two explorers are showing he has 100.04 BTC while the Arkham site showing Satoshi Address holds a total of 100.4 BTC. I mean if someone mistakenly sent 0.10754671 BTC to Satoshi's address then it means it should have 100.4 - 0.10754 = 100.374454 BTC, which is already over 100 BTC.

So I think the real amount must be 100.04 - 0.10754 = 99.93246 BTC. Which is less than 100 BTC. And when he (satoshi) received this amount, it exceeded 100 BTC in total. Overall, the last explorer of memepool space might be showing some amount like there might be a filter on.

12
I was not aware of this news before and It really poses a great impact to the market volatility. I have been hearing the news that ETFs like Grayscal and some others did not update their holding information yet and the claims are there is the big outflow from these ETFs like you aforementioned. This is not a good thing though what most matters is maybe they are going to convert these amount into ETH as we also know ETH ETFs trading is also going to be started.

Overall, Its not a good thing that they planned to sell all of these BTC in such market condition as they should have done it via OTC or some other source to minimize the impact of its on the market. I hope market won't go below $60k again but if it do then I might buy some alts not BTC but maybe alts. And maybe I buy BTC as well. What would you do?

13
Cryptocurrency discussions / Re: Are more altcoins killing altcoins?
« on: June 20, 2024, 10:17:13 AM »
In the past, the spread of altcoins was a sign of market prosperity, as more projects with different capabilities meant more options and thus more cash flow, but in the last four years the market has witnessed a state of madness, as despite the increase in money being invested in altcoin, the number of tokens/coins has swelled from hundreds per day to thousands per day, and the bear market was an indicator of failure for these projects.
Is this growth beneficial for altcoins or will it make investors abandon from investing?
Back when there were few blockchain projects the number of new alts was also lower as they were based on this limited blockchain (AKA Token require blockchain) Nowadays, every third or at least every fourth project comes with its own coin (coin if comes with its own blockchain) so they don't have to meet any requirements to launch their tokens. And we are seeing a lot of projects in the market some are good while some are just there to rug pull. Some projects provide the service to help you make your own coin (not a token).

The main point is, that this increment in the development of new projects is also good. For example, speaking of the TON project only, hundreds of telegram bots are using the TON network for their existence, and gained a lot of market cap as well such as NOT and there are more in the line. These projects based on the TON blockchain only are numerous and help tons to gain more users which is good for TON. Thus only a specific blockchain is being congested, otherwise, the main blockchain would be congested as well. I am glad that these telegram bots are not being built on the BTC blockchain. But RUnes and Ordinals are already doing the work to make it congested. So these abundant coins (come with blockchain of their own) are saving us from main projects and at the same time helping them grow as well. Helping the market to grow.

14
Cryptocurrency Trading / Re: Liquidity pools - Anyone got experience?
« on: June 20, 2024, 10:09:25 AM »
If you have money in an exchange, I would suggest to do staking than put it a liquidity. You can make profit through liquidity but there's a higher risk compared with staking. For me, if you really don't know how exactly liquidity pools works, then just stay away from it. While if you stake your money, you can get back the money you staked and get rewards from what you have staked. So it's totally free money, you can earn no matter what the market condition.
In staking market condition also matters. Like if you chose a coin which is decreasing its potential by time and not going to go up then its not a good ide to buy it and stake it no doubt with time the number of tokens of that project will be more in your wallet when you will stake them. But what if that project flops or loses most of the potential or not going to make another good move then you are losing.

So it would be good to advice OP that selection of best token is necessary at the moment ETH is on peak as I have heard the ETF trading for ETH is going to start soon and when that will happen the trading volume will increase for ETH drastically plus its still underrated project right now. Disclaimer: I don't suggest or ask anyone to do staking NFA so DYOR.

15
Cryptocurrency Trading / Re: I want to pay for my holiday with crypto
« on: June 20, 2024, 09:53:59 AM »
Yes you read the title right, I'm want to fund a holiday to the maldives this summer with money made from cryptocurrency but unfortunately I've not made anything close to that amount in profit lmaoooo. There's low-key still time tho, I could make a lot from a 100x meme or something. You guys know any trading competition that can get me a shit ton of money before then or maybe an event that can win me that money for free lmaooo

Or should I just get a crypto loan instead, It still kinda counts hehe
Yeah go for a crypto loan and you will be enjoying a stressful vacation. I just don't get how a person could say they would prefer a loan just for vacation. I think taking a loan should be our least priority. This means we should take a loan when we know we are out of options, but you are not out of options, you are not dying if you won't go on vacation. If you are then take a loan and go save yourself from dying. But if not then the loan is not a good option.

I say if you are newbie then don't go into meme as if they can make you 100x then can lose you as well. I am not into meme coin trading but I have seen many people making good profit from meme coins but seen way more people losing there money in this sector as well. So be aware of the risk involved. I think vacation should not be like going to luxury hotels, places etc. It should be like visiting uncharted areas in your country. It is more fun but people comes with different mindsets so I respect your one.

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