Bitcoin Continues Weak Bounce from Minor Support – BeInCrypto
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New Level of Jackassery: A Long-Winded Story of a Minor BitCoin Folly
[Throwaway for reasons soon be obvious.] TLDR: I spent a lot of effort making a nice paper wallet that I promptly left on the trunk of my car as I drove away. I found it in the street four hours later. I had been trying to put together a secure setup for creating paper wallets. My plan involved a spare laptop and a bootable USB drive running some Linux distribution. Once complete I would use BitCoin Paper Wallet to print a high quality wallet in full color on card stock, and even use the hologram stickers sold to seal them. Then I'd store them somewhere safe. With small children, I do not get as much time as I like to work on these types of projects, but after a week had passed, after I switched from Tails to Ubuntu, and after I finally came to a solution to persistent encrypted storage on the USB drive when Ubuntu is running the LiveCD (LiveUSB), I did it. A laptop of mine recently lost its screen in a tragic fall from a precarious position, it made for a perfect air gapped computer to boot my USB drive to. Boot, login to encrypted drive, install the necessary fonts, install the printer driver, print, cut, seal with hologram, insert into plastic sleeve, import address, transfer 1 BTC to address and store paper wallet in secure location. A few days later I pull one of the paper wallets I printed from my secure location to take to a birthday party my daughters were attending at the house of a friend of mine. I thought my friend might appreciate it. I carried it in my hand along with my two kids, a present for the birthday boy, and everything else a father needs when wrangling small children. I struggled loading the gear and the children safely, and decided to set the wallet on the trunk of my car. I distinctly remember thinking to myself, "Don't forget to pick that up." I loaded the car and drove away. Two hours later, at a pirate-themed birthday party at which I saw two small children in a Jeep power wheels toy run over other children because they didn't realize there was a steering wheel, I froze and I am sure I turned ghostly white. My instinct was to rush home immediately, but my kids were having a great time and I couldn't quite explain to our host that I had to leave to retrieve $800 worth of card stock I printed on my computer and left on my car. I simply had to wait. I felt myself start into the five stages of denial. First up, denial. Maybe I had gotten it, and just forgot. Maybe the aerodynamics of the car are such that the paper just happened to stick to the trunk just in front of the spoiler (if that's what Honda wants to call that little nub). After we left the party, at which I saw a piñata with a trap door that the parents just opened to release the candy, we left for home. As I entered our neighborhood I retraced my path from earlier in the day. I scanned the streets looking for anything that looked like a plastic sleeve. I saw nothing on the streets that led to mine. As I turned the last corner onto my street a small glimmer caught my eye. I focused on it and made out a rectangular shape. I quickly parked, pulled out the child old enough to not wildly run into the street, and proceeded to run into the street myself without looking for traffic. There is was, my BitCoin, snug in its plastic sleeve no worse for wear. My fears that someone had found it and I would spend a lifetime following how it would be spent over the years were gone. And it was in pretty good shape. I don't live on a high traffic street, but we were gone for four hours and my BitCoin must have had a few close calls. The sleeve looked great, and my holograms do not appear to have been tampered with. I'm still transferring the funds to a new address ASAP. Edit: Moved TLDR to top. Edit Again: temper = tamper.
I am very surprised that the entire cryptocurrency market bounced despite some VERY unfavorable news. I am even more surprised that DeFi specifically stood still during the storm of a minor Bitcoin sell-off. If you check the data from DeFi Pulse, you can see that the community locked $11.2 billion in assets before the dump and two days later it only dropped to $10.8 billion! https://i.ibb.co/cDhL8JX/where-to-yield-farm.png Yes, a majority of the DeFi tokens suffered extreme losses, some even dropped by 30%. We saw YFI, a leading token in the sector, losing $10k in price in only a few days. But you know what? We recovered. What brings even more confidence is the fact that while tokens suffered, the entire market structure stood stable. So everything is perfect now, right? Well, not really. If we continue to rise at the exponential rate the market rose in the past, we will have to deal with the same old problems. There are far too many to list but here are some of the most important ones:
Long transaction times
EXTREMELY high fees
Unstable and bad APY returns
If we take a look at any Ethereum statistics website we can see that most of these things are already fixed, for several weeks in fact. But if we remember how the market looked like when there was really high hype in the DeFi space, we remember how much of a nightmare it was. So now that it is the PERFECT time to yield farm, which platform should you choose? Well, I’m not going to hide anything, I’ll just reveal it right away. In July, I fell in love with a DEX after scouring Medium for new platform announcements that appeared like a good catch long-term. I discovered Anyswap, a cross-chain DEX that appeared to be relatively new to the space. However, I realized upon closer inspection that the devs and creators behind it have been in crypto for a far longer time than I could imagine. But I’ll leave this secret part for you to research since what Anyswap currently offers is even more important. Simply put, Anyswap is a DEX with yield farming capabilities that offers some of the best features possible. I have not yet encountered a project that surpasses what this DEX provides. First things first, gas fees are almost non-existent. Whether you want to do a token swap or be a liquidity provider, you will pay 1000x smaller fees compared to any other platform. Moreover, the reward structure is completely great. Even if the reward pools fall in APY, you still have another form of passive income that will keep you stable. With the ANY token, you have both governance control and rewards. Every ANY holder that participates in the liquidity pools earns 9900 ANY on average. As for the pools themselves, users earn around 927% APY on ANY pools and 159% on non-ANY pools. As for transaction times, that issue is fixed as well. Since Anyswap utilizes the Fusion network, a cross-chain finance ecosystem, transactions only take a few minutes no matter how much trading activity there is. To be honest, Anyswap did have its ups and downs when it launched. But guess what? That is true for literally any crypto and DeFi platform. Online for more than three months, I plan to still use Anyswap for yield farming so that I can earn high and secure rewards every day. And guess what? I’m still an early adopter, meaning that I will earn even more while Anyswap is still working silent in the market.
The centralised miners of BCH were sick of having to irrationally mine at a loss for blocks to be delivered within an hour (let alone 10mins). So they cooked up a scheme to convince bagholders that a development tax was required. Instead of having anything to do with funding development this was simply a ruse to remove a percentage of the hash required to keep the chain running, thus reducing costs for the centralised mining cartels and delivering them more profit margin. Bagholders loved the narrative and ran with it, then gradually some of them half-woke and rebelled. Given that this is a minority Bitcoin fork with limited insignificant hashpower the only possible outcome from there is yet another chain split (this won't be the last). From the very first day this plan was hostile to the best interests of bagholders and designed explicitly to take advantage of their gullibility and cult-like furore.
Hello Reddit, As a tween, I learned about Bitcoin from online forums and I started "obtaining" it (legally). I amassed a large amount of Bitcoin and I am now a teen. I have told people around me as little of information about my holdings and I would like to cash out my holdings in the future as privately and securely as possible. I will still pay taxes (discreetly) so it would be legal. Any advice?
Um Bitcoin Mining zu betreiben, müssen Sie einem Miningpool beitreten, was zusätzliche Kosten verursacht. Für das Mining benötigen Sie entsprechende Hardware. Auch hier kommen Kosten auf Sie zu. Je nachdem, wie leistungsfähig Ihr Bitcoin Miner sein soll, zahlen Sie bis zu 2.000 Euro. Es ist nicht bekannt, ob sich Mining auch in Zukunft noch lohnen wird. Wenn Sie nicht genau wissen, was ... rapid bitcoin miner (rbm): mine and extract bitcoin on android. rapid bitcoin miner on android operating system. rapid bitcoin miner block number portal . download android rapid bitcoin miner pro app. click to chat on whatsapp customers support (rbm) mining hashrate plans. basic plan. earn 0.03btc per hashrate circle . plan 0.01 btc. 72 hashrate instant withdrawal hours mining circle ... Bitcoin Mining ist das neue Goldschürfen: Als Miner, also Schürfer, verdienen Sie virtuelles Geld dafür, dass Sie Ihre Rechnerleistung zur Verfügung stellen. Allerdings ist hierfür so einiges ... Bitcoin has bounced from a minor support area. There is support at $10,350 and $10,115. There is resistance at $10,638 and $10,800. Want to know more? Join our Telegram Group and get trading signals, a free trading course and daily communication with crypto fans! The Trust Project is an international consortium of news organizations building standards of transparency. The Bitcoin (BTC) price ... Bitcoin is Secure. Bitcoin miners help keep the Bitcoin network secure by approving transactions. Mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and secure. Links. We Use Coins - Learn all about crypto-currency. Bitcoin News - Where the Bitcoin community gets news.
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