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Messages - DabsPoorVersion

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796
Bitcoin Forum / Re: Top 3 Bitcoin security and safety tips
« on: December 19, 2023, 01:53:30 PM »
Aside from the safety reminders posted above. It's important to exercise caution with every website you use. Even if we take all the necessary measures to secure our wallet, we can still fall victim to hackers if our computer is infected with malware. I once came across a post on social media where the user claimed that all the funds in their wallet were sent to the wrong address when they tried to transfer money. The address they had pasted was altered to a different one. Therefore, it's essential to always double-check the address before clicking the "send" button. Stay safe!

797
Crypto Exchanges / Re: Status of CEX in your country
« on: December 19, 2023, 12:44:58 PM »
Quote from: electronicash on December 18, 2023, 07:46:04 PM
Quote from: gandame on December 18, 2023, 04:02:42 PM
I live in the same country as you, in the Philippines. I am one of those users who is worrying about how I can withdraw my funds if Binance is banned. My coinsph account has been restricted since 2019 due to some reason. They are requesting more documents even though I have passed their KYC. Since then, I feel freer to deposit and withdraw using Binance than any local crypto exchange because it is possible that what happened to me in coinsph might happen again on a different platform.

same with my coinsph account.  so the reason for users going to binance p2p.  i heard bybit and OKX can be our options if binance will really be blocked by our country.  it looks like our country is keen to using the local exchanges to monopolize the market.

if this is going to happen i think there should be a local p2p where we can use gcash for buying and selling. it seem like this is the only option i have as i have already closed by bank accounts.
As far as I know, Bybit and OKX are included in the possible exchanges to be banned in our country if they don't comply with the regulations of our country. It does not focus only on Binance and the users will try to find other unregistered exchanges to have P2P transactions. All of it, they have a list as per their statement.

If it happens, we have nothing to do but to utilize local exchanges even with a higher fee just to withdraw our funds in the future.

798
Bitcoin Forum / Re: Which is safer to hold your Bitcoin in wallet or Exchanges?
« on: December 19, 2023, 12:01:08 PM »
Quote from: owlest on December 19, 2023, 09:45:30 AM
Quote from: DabsPoorVersion on December 18, 2023, 01:56:45 PM
Quote from: Thyplaymaker on December 14, 2023, 03:26:32 PM
The reason why I brought this topic up is that most people buy and store their Btc on centralized exchanges, To I don't think  it that safe even when some benefits are attached to it While wallet is not also safe concerning the way you store your security seed phrase. But when come to hacking to me I think wallet is safer though

What you guys think?
It is not recommended to hold your Bitcoin on a centralized exchange. Exchanges are the primary target of hackers due to the fact that they hold a large number of different cryptocurrencies from users, which can be accessed by hackers if they successfully breach the exchange. No exchange is completely safe from hacking. As a holder or investor, it is advisable to keep your Bitcoin in a hot wallet or invest in a cold wallet for better security.
It is important to consider not only the risk of hacking but also the possibility of an exchange being blocked. An exchange can be blocked for various reasons, including the fact that the country is under sanctions or the cryptocurrency has a dubious history. Therefore, it is recommended to keep your cryptocurrency in a wallet. If you earn cryptocurrency, do so in the DeFi sphere. It is not recommended to leave your bitcoins on centralised exchanges.
I agree, which is the same as what might be possible to happen to Binance in our country. There's an announcement that the Binance and any other unregistered Centralized Exchange that is accessible in our country is possible to be blocked unless they comply with the regulations of our country. These scenarios can be avoided by using a hot and cold wallet, there's no reason to hold Bitcoin on some exchange if you're planning to do long-term holding.

799
Signature Campaigns / Re: [CFNP] Crypto Mixing Platform TUMBLER.IO Signature Campaign | up-to $46.00/w
« on: December 19, 2023, 09:41:02 AM »
Quote from: Damrai5$ on December 19, 2023, 12:48:38 AM
Rank: Sr.member
Address : bc1qaw7x7lwjlja8qpgpg9kpztvuyxtnuz8kzynrxg
Seriously, why are you using all the accepted participants as your signature? Lol

800
Economics , Sociology & Politics / Re: Re learn how to invest your money
« on: December 18, 2023, 04:27:57 PM »
Quote from: desticy on August 10, 2021, 05:23:40 PM
before investing, you need to learn how to do market analysis. if you do not know how to analyze the situation and predict growth or decline, then you will not be able to earn, and most likely you will lose everything. to prevent this from happening, you should be responsible for self-education.
That's true. Crypto experts always given an advise to newbies that investing is not really simple like they think. Many new investors believe that once they decide to invest, they will immediately receive a return on their investment. However, before starting, they need to spend a considerable amount of time learning and considering various aspects. Even experts continue to learn and study new things as cryptocurrency investment is an ongoing learning process for everyone.

801
Gambling discussion / Re: What is your biggest loss in gambling?
« on: December 18, 2023, 03:58:38 PM »
Quote from: Hatchy on December 15, 2023, 06:34:02 AM
What's the largest amount you've ever lost to gambling?
I lost over $2k before, it is in a single game called Satoshimines way back in 2018. It started when I made the first deposit of $200, I lost after playing for only an hour. Driven by the desire to recover my losses, I deposited $2k, hoping to recoup my initial investment. Unfortunately, I let my emotions get the best of me and ended up betting all the money in one game. Within a minute of confirming the deposit, I lost everything.

Since then, I've committed myself to always keep my emotions in check and avoid impulsive decisions.

802
Bitcoin Forum / Re: Which is safer to hold your Bitcoin in wallet or Exchanges?
« on: December 18, 2023, 01:56:45 PM »
Quote from: Thyplaymaker on December 14, 2023, 03:26:32 PM
The reason why I brought this topic up is that most people buy and store their Btc on centralized exchanges, To I don't think  it that safe even when some benefits are attached to it While wallet is not also safe concerning the way you store your security seed phrase. But when come to hacking to me I think wallet is safer though

What you guys think?
It is not recommended to hold your Bitcoin on a centralized exchange. Exchanges are the primary target of hackers due to the fact that they hold a large number of different cryptocurrencies from users, which can be accessed by hackers if they successfully breach the exchange. No exchange is completely safe from hacking. As a holder or investor, it is advisable to keep your Bitcoin in a hot wallet or invest in a cold wallet for better security. 

803
Philippines (Tagalog) / Re: METAMASK - TUMATANGGAP NA NG GCASH
« on: December 18, 2023, 12:48:10 PM »
Quote from: gunhell16 on December 17, 2023, 05:35:25 PM
Dinala mo din dito dude yung paksang ito ah, hehehe, anyway, ito ay magandang moved ng Metamask at ng Gcash na makipagpartneship sa Metamask. Sana lang din ayusin din ng gcash yung kanilang platform sa gcrypto.

Basta ang hinihintay ko nalang sa metamask talaga ay yung sa withdrawal, dahil sa ngayon ay cash-in palang pero maganda ang at smooth din naman angtransaction fee nito sa pagpasok ng pera sa metamask. At madami naring mga lokal pinoy ang nag-aabang sa kumpletong features na gagawin ng metamas na ito.
Oo kabayan, dahil napansin ko na walang update na nilalabas dito sa forum na ito na news patunkol sa binance. Mas maganda na mas malawak ang naaabot ng impormasyon na gusto nating ibahagi sa lahat ng Filipino crypto user na magiging apektado sa mangyayari sa Binance. Dahil ito ang pangunahing withdrawal option natin, hindi ang coinsph o ano mang locak exchange na registered. Kaya naisipan ko talaga na ipost din ito dito at makita ng iba pang users.

804
Crypto Exchanges / Re: Status of CEX in your country
« on: December 18, 2023, 07:03:01 AM »
Quote from: Gormicsta on December 18, 2023, 06:39:13 AM
Well in my country, life is pretty difficult for crypto users because the laws and the government frowns against crypto and whoever that's caught carrying out a crypto transaction is considered doing something illegal. Yes there's currently a ban on crypto in my country and all crypto users carry out their transactions secretly without the notice of the government or the banks.
If the cryptocurrency transactions are illegal, how can you guys (the users/investors) withdraw your funds? Do you use p2p through exchanges or p2p by looking for someone who's trying to buy crypto? It's kinda hassle if ever this is the case. It feels like there is no way of cashing out your money if there is no one around to purchase your crypto. Especially in terms of emergencies, you can't get the money immediately.

805
Bitcoin Forum / Re: wanna invest in Bitcoin, the best time is now
« on: December 17, 2023, 04:21:35 PM »
Quote from: hugeblack on December 16, 2023, 02:03:55 PM
Quote from: DabsPoorVersion on December 16, 2023, 09:16:44 AM

Timing is really important, no one can tell you the right time for you or anyone to invest. But by doing DCA, you can have the chance to purchase at any amount, in the long run, this can still be profitable.
DCA is a good strategy for those who want to invest in the long term without thinking deeply, but it is not the best, as you can get higher profits than other trading strategies. For example, if you have $1,000, instead of buying $100 every month for the coming months, it is better to buy Now for the full amount, as the possibility of it increasing will be possible at a rate higher than DCA.
In short, you should not be restricted to one strategy, and if you do not know what you are doing, DCA is suitable, although there are simpler and more profitable strategies than them.
But if we are looking on the other side, the possible dump will happen, and your invested money in Bitcoin will be affected. Most investors have an agitating feeling during this time, possibility for them to sell is high as they are aiming to invest at a lower price of Bitcoin. Compared to investing using DCA, investors will still have enough money to make another purchase without worrying about their first investment. I know DCA is not the best, every experienced investor has their strategy or a way to invest money, but for newbies, this fits best.

806
Bitcoin Forum / Re: What Happens When I Mistakenly Transfer My Bitcoin To A Wrong Address?
« on: December 17, 2023, 01:33:09 PM »
Quote from: Tribalchief on December 17, 2023, 12:46:36 PM
Quote from: owlest on December 17, 2023, 10:02:35 AM
I remember that each block in the Bitcoin network is created every 10 minutes. The probability of sending coins to the wrong wallet is 1 in 1,000,000. By verifying the recipient's address, the likelihood of sending to the wrong address is significantly reduced. The same applies to security: using a separate device that is not susceptible to infection significantly reduces the risk of sending coins to the wrong wallet.
I really appreciate your effort and explaination, but i think you are coming from an angle were the sender has verified the recipient's address.

Sometimes, we hear of clipboard malfunction: were copied items are sometimes altered. In such situation, would the transaction still be approved ?, Because i guess large number of f people making transfer lacks the patience going through the copied address due to it's length.
What do you mean? Is it altered with a different address? If so, there is no malfunction in that kind of scenario. There might be a chance that the website you are pasting the address into has been altering the address. Or possibly your computer device has malware that was called crypto relacing address virus. The transaction will be approved and the funds will be sent to the hacker.

807
Gambling discussion / Re: Gambling: for fun or to earn money?
« on: December 17, 2023, 12:34:34 PM »
Gambling should be for people to have fun and enjoy during their free time. If you win, your winnings are just a bonus when you play. If you lose, laugh at it. Simple as that, if you treat gambling as a way to make money, you will only end up experiencing the negative effects of gambling such as being addicted, chasing your losses, and having debt that you can no longer be able to pay. Most people are aiming to use gambling as a source of money which is why they lose more money than they expected.

808
Bitcoin Forum / Re: Is Bitcoin Too Expensive For Me?
« on: December 17, 2023, 10:24:56 AM »
Quote from: Tribalchief on December 11, 2023, 10:00:55 PM
Greetings to everyone.

As the crypto market continues to grow, we often observe its impact on all the tokens currently in operation. Due to the promotion and trend of these digital currencies, non-enthusiasts have begun to show interest, making purchases to profit for themselves or for other reasons that matter to them.

As a non-crypto enthusiast hearing about Bitcoin and others for the first time, I chose to get involved by making a few purchases, knowing fully well that the price of Bitcoin is high and my funds won't go a long way in terms of price difference.

Is it advisable to buy Bitcoin with the little amount I have, or should I rather go for altcoins that my funds can meet up with?.
Considering that you have a small amount of money, you can either wait for the dip which is possible to happen sooner, or focus on buying Bitcoin. It is a safe investment for those who do not have enough knowledge on investing in cryptocurrency as there are so many altcoins in the market that you need to do your research first before you invest. If you are planning to invest in Bitcoin, it's better to do a DCA strategy, and regularly buy Bitcoin using a small percentage of your budget on a weekly or monthly basis.

809
Crypto Exchanges / Status of CEX in your country
« on: December 17, 2023, 02:23:36 AM »
A few weeks ago, SEC Philippines released an announcement/warning to the public that the Binance Exchange is not a registered exchange in our country and illegally operates without a license.

Right now, Binance was given 3 months from November 29 to comply with the regulations of the Philippines.
This news was not only for Binance but the other centralized exchanges that are unregistered will also be banned.

We have a local wallet exchange that we can use (e.g. coinsph, gcash, pdax), however, Filipino crypto users find it more convenient to use Binance P2P transactions.

How about in your country, is it legal or illegal to use crypto?
How does the government make its move against CEX?

810
Philippines (Tagalog) / 3 Months bago ang possible ban ng Binance sa Pilipinas
« on: December 17, 2023, 02:03:51 AM »
“It is supposed to be three months from our issuance date. Three months from November 29. Depending on how feedback is, we can actually extend that, but currently we should feel lucky with the three months. I’ll be blunt, the original recommendation on my desk was one month. Someone even mentioned one week as a transition period. So the three months was actually a Christmas thing so as not to traverse Christmas and not to make hard for Filipino investors during that time.” Kevin Lee, Commissioner

Hindi lang pala dapat tatlong buwan ang palugit na binigay s Binance, kundi isang buwan lang. Pero dahil nagbigay ng konsiderasyon kasi magpapasko nga daw ay inextend ito mula 1 month ay naging 3 months.

Quote
"Will it only be Binance? Lee clarified that all the other unregulated exchanges cited, including OctaFX and MiTrade will be banned three months after issuance of the advisory."

Nilinaw na din na hindi lamang Binance ang damay dito, pati na din ang ibang unregulated exchange. Ang nasa isip ko lang ay, bakit laging Binance ang main topic sa ganitong usapin king lahat naman pala ng unregulated exchange ay damay.

Ano sa tingin niyo? Kulang lang ba ito ng pampadulas o may hinahabol na bayad ang Pilipinas gaya na lamang ng ginawa ng US.

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