Showing posts with label crypto. Show all posts
Showing posts with label crypto. Show all posts
How To Connect Your Ledger Wallet To Your Own Bitcoin Node/Server Via Sparrow Wallet
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How To Connect Your Hardware Wallet To Your Own Bitcoin Node/Server
How To Give The Christmas Gift That Will Never Stop Giving
Money that loses value overtime like fiat currencies cannot possibly make you happy but money that gains value overtime could probably make your friends or family happy. This Christmas season we are going to think outside the bank to give them the gift that will never stop making them smiling, Sats aka bitcoin.
Basically, Sat is like the penny(¢ cent) of bitcoin a fraction of it, like 100millionth of a bitcoin, but its value still goes up overtime alongside bitcoin. So now we want to give a Christmas gift to a friend who want it to maintain or even increase in value overtime. Here is how we can do that
First of all we are going to use this website called lightsats.com click on create your first gift, it will ask you to login you can use your email or your bitcoin-lightning wallet for that like walletofsatoshi. Assuming you're already logged-in let's go to "create first gift". Simply chose the amount and then go down to "advanced options", leave it at the "standard option" and then click on "generate passphrase" this will make you 3 secret words that the recipient will need to redeem the money. And that should be it, congratulations! Now you just gave the gift that will never stop giving.
The redeeming process is as simple, they just need to download a lightning wallet I suggest WalletOfSatoshi because of less friction and very easy to use.
Video For Visual Learners
I Hope you found value into this, thank you for reading!
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HOW TO GET PAID IN BITCOIN BY JUST ADDING A PAYMENT BOTTON TO YOUR BLOG/WEBSITE: AN EASY 15MIN. STEP BY STEP GUIDE
How To Send And Receive Bitcoin With An Email Address
Instead of complicated and scary Forms of Bitcoin addresses now you can use your email address to send or receive Bitcoin from your friends and families.
The steps are pretty quick and simple, first you need to past the receiver email address at acceptLN.com *Do not use your real personal email for this but just create a fake Gmail for now. Second enter the amount you want to send and that's it. Now to receive the bitcoin the receiver needs to login to their email account and look for the acceptLN email and go redeem the money from acceptLN using a lightning wallet like walletOfsatoshi or PhoenixWallet. The bitcoin will seat on the email until the receiver is ready to redeem it.
Thank you for reading this I hope you found value, cheers!
Please feel free to support Piecover by lightning tip few sats to: piecover@getalby.com or simply go to Support Piecover.
You may also like:
HOW TO GET PAID IN BITCOIN BY JUST ADDING A PAYMENT BOTTON TO YOUR BLOG/WEBSITE: AN EASY 15MIN. STEP BY STEP GUIDE
The Money Super Highway Moving At The Speed Of Light To Become The Predominant Payment And Energy Network In The World
What Set out to be a peer-to-peer electronic cash system for online payments is now becoming the predominant way to perform large size transactions in the world. Five years ago It used to be a big deal to see a million dollar(us) of Bitcoin moved across the network but these days this seems to happen way more often than not. As Satoshi predicted:
Bitcoin is only 15 years old but yet this was a response to the fear of block rewards not being high enough to pay miners to secure the network, but already today Satoshi seems to be on the path to be proving right because these years the average transactions per block is close to 3k tx with an average transaction amount of $30k equal to a $90Million/block in average, which means a lot of demand for block space and large size transactions which ultimately leads to bigger tx fees for miners, so even if the average tx is 10,000Sats/tx this is a 30Million Sats per block in average so $10k/block in only fees not including the block subsidy and the price appreciation over the long term. But why is Bitcoin setting out to become the predominant payment network in the world?
Bitcoin The Money Transfer Network
Ultimately, Bitcoin is just a superior payment network compare to any other payment network available out-there. Some of the most important Bitcoin features that makes it better are: censorship resistant, so nobody can stop anybody in the world from transacting any amount of money(BTC) during anytime of the day to any place in the world, so no permission is required to use the bathroom in this house. Only these features alone are enough to make it the preferred payment network in the world, Bitcoin also has the lightning network that helps it go farther, this is for smaller amounts of BTC(Sats) transfers, it allows you to pay for things like a coffee, grocery bills, online shopping, donations, etc. You can imagine Bitcoin as a shiny city that powers itself it has a highway(the Timechain, Base Layer1) where mostly all the transport trucks passes with big loads and the local routes(Lightning, layer2) where the cars and bicycles pass. The city powers itself because bitcoin(BTC or Sats) is also the fuel that powers the network, as Der Gigi would say "Bitcoin is the map and the territory". Speaking of territory, most payment network are limited to certain regions or borders Bitcoin is limitless and borderless it will flow anywhere that there is a thirst for money transfers or payments.
Even though, Bitcoin is still a small independent economy out-there of just $700billion market cap but it is quietly growing exponentially, it's market cap was only $70Billion just 5 years ago. But the most under rated feature of Bitcoin-the-energy-network is it's ability to transfer energy across the world from one party to another.
Bitcoin The Energy Transfer Network
On twitter(x) I wrote, Bitcoin is a leakproof reservoir powerful enough to maintain a 21Million measuring stick hard cap and infinitely deep enough to preserve all the energy this civilization can ever produce at its maximum best capacity for today and forever, for the first time in history humans can now preserve their work, time and energy for an eternity.
If you found value into this and feel like I deserve some valuable Sats feel free to support my work with a lightning payment to: getalby@piecover.com or use the button below
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Bitcoin Not Crypto And Why It's Important To Make That Distinction
Bitcoin put an end to the fiat money printing, crypto reintroduced the money printer by creating their own coins(money) out of nothing to scam the owners of those coins by dumping them on the market. What makes Bitcoin deferent is the fact that it requires real world energy, time and proof of work to be released out of circulation and nobody is in control of it nor in a priority advantage than others, but based on ground level competition for anybody with enough energy or computation power. This leads me to also say that Bitcoin is the real signal and everything else are noises., this chart says it all.
But still, some people including myself at some point thought that I could outperform Bitcoin with a collection of these *shitcoins but no I took a huge lost and wish that I only staked to Bitcoin only instead of letting myself be scammed by those grifters, and I learned my lesson ever since.
Conclusion, Here you have it, it is up to everybody to do their due diligence on finding out the real truth on these things including Bitcoin. Bitcoin is trustless no trust is required, run your own node just like it is important to hold your own private keys in multiple locations if you can. Crypto are scams that require a team of technocrats to infinitely upgrade and tweak their softwared to change their monetary policy to steal from the holders.
Need to support my work? Sure, If you found value in this please feel free to support me by lightning tip few sats to: piecover@getalby.com or go to bitcoin-lightning tip me few Sats
THE VALUE SAVING TECHNOLOGY - BITCOIN #TOXICTALK
If you find value in this please feel free to support me by lightning tip few sats to:
piecover@getalby.com
or go to bitcoin-lightning tip me few Sats
How to get rekt investing unsafely in Cryptocurrencies
New to Bitcoin/Crypto? As a Newbie, when I first got into Bitcoin I thought it was about outsmarting the market and getting rich quick on ''promising'' crypto projects. After properly get rekt I quickly learned my lesson and realized that this was never the way to go and that Bitcoin is the only thing that matters. Unfortunately I am not the only one who is going to get stuck with this interesting story to tell, so I am writing this article to minimize the pain for future newcomers who want to avoid these expensive mistakes and learn from them. At the end of this article I plan on revealing the most effective strategy to accumulate bitcoin. So it’s probably a good idea to read till the end.
First we are going to look at the fantastic ways you can get rekt
1. Investing in crypto projects known as altcoins
to get more Bitcoin
that solved the fundamental “double spend” problem, Bitcoin did that by
using proof of work, which removes the need for trust over your money
and this cannot be done twice, so anything else out there that dress like
Bitcoin or pretend to be better than Bitcoin will require trust over your
money therefore they are the same scams as the current banking system.
Furthermore, have you seen those crypto traders/ crypto influencers on
youtube? I am sure you have, and some of those people are perfect
examples of how fiat excrement looks like. I am sorry for the term
but these people are causing too much damage to newbies, I had to say it.
They will sell their innocent subscribers' souls to evil crypto exchanges that
are selling them highly leveraged trades in which they are guaranteed to
get liquidated. And these same influencers will take massive amounts of
money from crypto projects leaders to come up on their show and sell their
scams to innocent retailers who have limited knowledge on how these
scams blockchain projects work.
The bottom line is, these crypto projects will get hyped up by paid crypto
influencers and or VC funds with way more influence and money than any
small retailer who will get dumped on after buying the top. What is the
probability that you win? The probability is zero because you won’t know
when it will happen and also these things get hacked very frequently.
2. Get more yield on your bitcoin or borrow against itso you don’t have to sell.
This is another donkey thinking way to give away your keys. Bitcoin is not
a debt based system, any debt based business model built on top will
collapse fantastically and if you refuse to learn this then you are up for a
big surprise-Ask Celsians. But still, these crypto platforms will keep offering
you more yield on your bitcoin and they will never truly tell you where the
yield comes from, but I am here to tell you that you are probably the yield
they are giving away because in other for that thing to work they always
need new depositors to pay for the yield of the old depositors therefore once
the music stop the system will collapse, and you will be so glad you were out.
And also, borrowing against your bitcoin is a good way to have sleepless
And also, borrowing against your bitcoin is a good way to have sleepless
nights in an extremely volatile market so yeah, perfect way to get rekt.
3. Running automating trading bots
When most cryptocurrency investors first begin trading bitcoin, they typically
3. Running automating trading bots
When most cryptocurrency investors first begin trading bitcoin, they typically 
do so by manually placing buy/sell orders on one of the myriad bitcoin trading
platforms available. By doing this, traders are able to feel out the market,
identifying trading opportunities by looking at various trading indicators and
market metrics. However, this type of activity comes with its own risk
potentials such as: flash crashes in a black swan event, exchanges get hacked
and you lose all your funds, and also nothing says if those bots are honest
bots they may be built to your disadvantage as a user.
bots they may be built to your disadvantage as a user.
Now, let's see how to invest in bitcoin safely to avoid
getting rekt
Have you ever heard the term "Stack sats stay humble" before? That's right,
Bitcoin will eventually humble you and the cure to that will be DCA.
DCA means accumulate satoshis with an average amount of fiat money in a
Bitcoin will eventually humble you and the cure to that will be DCA.
DCA means accumulate satoshis with an average amount of fiat money in a
set period of time, for example: buying bitcoin for $10 a day, or buy $100 of
bitcoin every week. This investment strategy aims to reduce the stress of
market volatility and market turbulence. There is a specific website called
dcabtc.com exclusively built to help you model things like, how much sats you
would own by purchasing $10 of bitcoin every week?
Because Bitcoin is so volatile it is extremely difficult to know when bitcoin is
Because Bitcoin is so volatile it is extremely difficult to know when bitcoin is
cheap or expensive. This is why building your Bitcoin education for more
confidence to gradually stack sats is a safer alternative and a way more
satisfactory strategy.
But most importantly, while you DCA it is important to remember to take out
But most importantly, while you DCA it is important to remember to take out
your coins out of exchanges otherwise you are playing with fire.
Conclusion
I understand how humans love learning from their own mistakes, but some
mistakes are so expensive it worthwhile learning them from somebody else
and avoid making them. Bitcoin is a hard concept to understand. It requires
a lot of time and motivations but it is obtainable with the right mindset.
I hope I made a good case for the best strategy which is DCA, the simplest
and provably the most successful one. But you may find a strategy that works
best for you, in that case you should keep using it and tell us about it in the
comment section below. But no matter what strategy you are using make sure
you have control over your keys.
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