Bitcoin update.

[Rock_Flock_of_Five]

Re: Bitcoin update.

To the unitiated oik like me the above is totally impenetrable.

It was that way for me too at first. However, because mistakes can be costly, I simply had to get up to speed with it all.
I still get nervous when sending coins between exchanges and wallets.

About a year ago, I foolishly allowed myself to be scammed out of 10,000 coins. I won't mention the coin's name, as I never want anyone to tell me its current value.

[Taunton Blue Genie]

Re: Bitcoin update.

It was that way for me too at first. However, because mistakes can be costly, I simply had to get up to speed with it all.
I still get nervous when sending coins between exchanges and wallets.

About a year ago, I foolishly allowed myself to be scammed out of 10,000 coins. I won't mention the coin's name, as I never want anyone to tell me its current value.

Ouch!

[Stanmore Bluebird]

Re: Bitcoin update.

It's not too late.
Buy a fraction of a bitcoin.
Just with what you can afford to lose.

Download a bread wallet.
Buy some.
Hold it and check what it's worth each month.

Remember .......Not your keys. Not your coins.

Keep your words safe on paper and never lose them. If someone finds your words (keys) they have your Bitcoin.

It's not too late.

Are you a Bitcoin director, AlwaysAway2? Best, Dapps.

[stevebrickman]

Re: Bitcoin update.

I’m particularly interested in the staking rewards people are getting.

I stake Zilliqa. Get just under 15% at the moment. In addition, you get a governance token called gZil for every 1k Zil you earn through staking. gZil can be sold on the Zil dex. Staking rewards when you factor gZil are presently in the region of 45%. It’s all a bit confusing when you start, but we are in a period of great opportunity, and it doesn’t pay to sit on your hands.

[Wash DC Blue]

Re: Bitcoin update.

I’m particularly interested in the staking rewards people are getting.

I stake Zilliqa. Get just under 15% at the moment. In addition, you get a governance token called gZil for every 1k Zil you earn through staking. gZil can be sold on the Zil dex. Staking rewards when you factor gZil are presently in the region of 45%. It’s all a bit confusing when you start, but we are in a period of great opportunity, and it doesn’t pay to sit on your hands.

What kind of equipment do you need to verify transactions?

[stevebrickman]

Re: Bitcoin update.

What kind of equipment do you need to verify transactions?

No equipment required. You can usually commit your stake to the liquidity pool directly from your wallet. In the case of zilliqa, you can use zillet or moonlet.

[Wash DC Blue]

Re: Bitcoin update.

No equipment required. You can usually commit your stake to the liquidity pool directly from your wallet. In the case of zilliqa, you can use zillet or moonlet.

Thanks Steve, will look into it.
👍

[Rock_Flock_of_Five]

Re: Bitcoin update.

No equipment required. You can usually commit your stake to the liquidity pool directly from your wallet. In the case of zilliqa, you can use zillet or moonlet.

I managed to get in relatively early with Zilliqa, I bought it at under two pence. I'm also staking it on zillet.io
Anyone who's in on ZIL can sit back, be patient, and watch it go up. A great project and one that's going to stand the test of time.

[FormerlyJohnnyBreadhead]

Re: Bitcoin update.

It’s all a bit confusing when you start, but we are in a period of great opportunity, and it doesn’t pay to sit on your hands.

I would compare it to the dot com boom of the late 90s, except this time around its a lot easier for retail investors to get a piece of the pie.

For the uninitiated, a good starting point is to read Blockchain Revolution by Don Tapscott. It explains in depth how we are moving from the internet of information to the internet of value.

It will also help you to understand how and why cryptocurrencies and native tokens have a different kind of value to traditional fiat currencies, which seems to be the thing a lot of people struggle with. Get away from the idea that crypto will replace fiat currencies. In practical terms, it won't. And don't think BTC is the be all and end all of crypto, either. There are (IMO) far more interesting projects being developed as we speak: Theta and VET (already mentioned in this thread) are just two of many.

Next, I would spend time reading the Cointelegraph and Coindesk blogs. Don't worry if none of it makes sense at first, just keep familiarizing yourself with the terminology and concepts and Google what you don't understand. Even if you're not interested in investing, it's still good to understand the technology that is going to shape much of the world's digital infrastructure over the next 10 years.

As Steve says, there is an incredible window of opportunity right now to "get in at the bottom". Is it a volatile area? Yes. Would I recommend you drop 10 large ones on a meme coin? No. But in among the hype and the hot air, there are some seriously interesting projects that are solving real world problems, and there is a great chance right now to capitalize on them.

[Rock_Flock_of_Five]

Re: Bitcoin update.

No equipment required. You can usually commit your stake to the liquidity pool directly from your wallet. In the case of zilliqa, you can use zillet or moonlet.

I would compare it to the dot com boom of the late 90s, except this time around its a lot easier for retail investors to get a piece of the pie.

For the uninitiated, a good starting point is to read Blockchain Revolution by Don Tapscott. It explains in depth how we are moving from the internet of information to the internet of value.

It will also help you to understand how and why cryptocurrencies and native tokens have a different kind of value to traditional fiat currencies, which seems to be the thing a lot of people struggle with. Get away from the idea that crypto will replace fiat currencies. In practical terms, it won't. And don't think BTC is the be all and end all of crypto, either. There are (IMO) far more interesting projects being developed as we speak: Theta and VET (already mentioned in this thread) are just two of many.

Next, I would spend time reading the Cointelegraph and Coindesk blogs. Don't worry if none of it makes sense at first, just keep familiarizing yourself with the terminology and concepts and Google what you don't understand. Even if you're not interested in investing, it's still good to understand the technology that is going to shape much of the world's digital infrastructure over the next 10 years.

As Steve says, there is an incredible window of opportunity right now to "get in at the bottom". Is it a volatile area? Yes. Would I recommend you drop 10 large ones on a meme coin? No. But in among the hype and the hot air, there are some seriously interesting projects that are solving real world problems, and there is a great chance right now to capitalize on them.

Good post!

[Wash DC Blue]

Re: Bitcoin update.

Blockchain and Hashgraph ate going to be the only way to validate things soon.

[chrisp_1927]

Re: Bitcoin update.

A massive influx of retail money has done some seriously strange things to investing. I've been jumping in and out of gamestop the last few months, first time I've ever done anything akin to day trading. Crypto has basically been 5 years plus of this lunacy. If you're just the right amount of stupid and have a lot of balls there are fantastic gains to be made. I think like many I just can't get over that mental block of tying up money in something so completely loony.

[OurManFlint II]

Re: Bitcoin update.

Those in the thread, is your sole interest in bitcoin/crytpo an investment to transfer to fiat money at a later date?

[Wash DC Blue]

Re: Bitcoin update.

Those in the thread, is your sole interest in bitcoin/crytpo an investment to transfer to fiat money at a later date?

FOMO, Diversification and a consideration of FIAT going tits up.

[surge]

Re: Bitcoin update.

Looking up how bitcoin is bad for the planet and waay behind our growing concerns regarding climate change is a fun read.