If you haven't noticed altcoins are now pushing the layer 2 narrative after pushing base chai throughput for so long, once bitcoin proved L2 is the way to go with the growth of lightning, the altcoins got on board -->> https://thebitcoinmanual.com/articles/altcoin-layer-two-scam/ But it's anything but a second layer, it's just another inflation layer looking to scam you out of your money and here's how it all works
@Cesc0410 in June 2022
Bitcoin goes through various moves and one of them is known as the blow off top, you'll hear a lot of people talk about it during the bull market and trying to time it -->> https://thebitcoinmanual.com/articles/btc-blow-off-top/ In our latest post we go through what a blow-off top is, how it works and if you should be worried
In the world of #shitcoins there are all types of people trying to attack your wealth and attach it to themselves, these armies are designed to get you to pass your money on to the wealthy -->> https://thebitcoinmanual.com/articles/altcoin-army-grifters-grovellers/ If you don't want to get taken for all you've got make sure you are aware of these people, what their motivations are and how the game works
Did you know you can pay using bitcoin via a card or NFC device? Yes there are several cards that allow you to do tap and pay bitcoin transactions -->> https://thebitcoinmanual.com/security/nfc/ Here you'll find out how they work, where to get them and what are the pros and cons of NFC #bitcoin payments
If you ever wondered how #bitcoin's difficulty adjustment works then this article will give you the ideal breakdown. We go through what it is, why it's such an important part of bitcoin and when it happens -->> https://thebitcoinmanual.com/articles/what-is-bitcoins-next-difficulty-adjustment/ Learn all about this fundamental part of bitcoin and how it matters to you as a user or as a miner
If you feel passionate about bitcoin and would like to get involved in projects or support things you believe in with the help of bitcoin, then there are several donation and crowd funding apps all collecting funds for good causes -->> https://thebitcoinmanual.com/apps/donating-btc/ You can find out more about them here and start to support some of your favourite causes today
Did you know you can view the entire bitcoin blockchain, Liquid Network Side Chain, and the Lightning network using an application known as a block explorer? -->> https://thebitcoinmanual.com/behind-btc/block-explorer/ In today's post we take a look at how block explorers work, why they work, how to use them and what their limitations are, learn more about it and improve your bitcoin experience today
If you do land up in hot water with your #Bitcoin self custody and you have no idea how or if you can recover it, there is one moon shot you can take, known as bitcoin recovery services -->> https://thebitcoinmanual.com/behind-btc/bitcoin-recovery-services/ Not all of these services are legit so you need to do your research and find a reputable person or company to help and there are limits to what they can do to help you recover your funds. Find out more about bitcoin…
Did you know that the #Bitcoin blockchain is over 400 GB now and that can be hard to manage if you have an old device, but that doesn't mean you can't manage your own node, you don't have to keep all the historical data if you don't want to, not at all -->> https://thebitcoinmanual.com/behind-btc/nodes/pruned-node/ A pruned node allows you to only keep the latest data and ensure we have even more nodes to keep the network decentralised so you can opt to run a pruned node or…
Miners are continuing to sell their bitcoin on the cheap because they didn’t think the price would stay this low for so long and made certain bets they couldn’t cover and it’s wonderful to watch people get burned for their bad decisions Picking up Sats this cheap is going to look like a master stroke in a few days time and long may the bear market 📉 continue We really don’t understand how fortunate we are, so many people missing the obvious trade
If you're holding a coin that needs to be "Staked" then you're not hodling don't let these staking coins fool you, they are not the same as #bitcoin, they carry far more risk and proof of stake is a scam -->> https://thebitcoinmanual.com/articles/why-staking-not-hodling/ Find out how proof of stake chains conflate hodling and staking to get you to hold their ponzi token and why you need to consider these risks before you sit on one of these coins
If you're going through your first bear market and you feeling down then realise that these crab markets are an opportunity in the making, in fact the crab market is one of my favourite times of the #bitcoin cycle -->> https://thebitcoinmanual.com/articles/crab-market-stackers-paradise/ Check out our latest post on how to handle your first consolidation phase and why it will set you up as a great platform for the future
We all eventually fall for #shitcoin pitches and you'll see new ones created each year trying to get your money with clever stories and promises of riches, shitcoining is part of the journey -- https://thebitcoinmanual.com/articles/lets-talk-altcoin-experimentation/ In our latest post we talk about experimenting with shitcoins, and why you shouldn't be ashamed for falling for these marketing pitches and how you can move past it
It's been a while since I saw a really good #movie all the stuff they're making recently is just so boring rehashed content used to fill the roster so they keep churning out nonsense. So I was surprised to see this latest movie by Adam Sandler making such waves, i've seen movies hyped before but I gave it a shot and I have to say #hustle is a refreshing chance from the current pace of movies It's a heartfelt sport story, I won't spoil it for you but I highly recommend…
Wow this is insane news as Bitcoin continues to flush out the scams and poor business models #celsiusnetwork have announced they are suspending operations and you cannot use their service #Nexo has offered to buy their distressed assets but we’re refused, Celsius is now desperately looking for a bail out to cover their arses and customers are none too happy about it This is what happens when you trust third party services with your assets you take on risk
If you're a fan of #twitter and would like to keep using it but you want to use it in a way that is more #bitcoin native then you should consider using #tweetoshi -->> https://thebitcoinmanual.com/articles/bitcoin-app-tweetoshi/ This app allows you to send and receive bitcoin on the #lightningnetwork with tip your favourite users or receive tips
A lot of people point to #Bitcoin having no #defi as a problem, well bitcoin doesn't need DEFI if it did, why does it still outperform all other chains by a factor of 10? Now it doesn't need it but it doesn't mean someone won't build it #fujimoney looks to improve the bitcoin DEFI stack with its app -->> https://thebitcoinmanual.com/articles/bitcoin-app-fuji-money/ Find out more about Fuji money how it works and why you may want to use it along with the risks involved in…
The SEC and regulators around the world are all starting to pay attention to #cryptocurrency as more people lose money and it looks like many of them will be classified as #securities as they pass the howey test -->> https://thebitcoinmanual.com/articles/howey-test-apply-crypto/ If you want to know what the Howey test works and how it applies to the #shitcoin you're holding, then here is a break down and you may want to reconsider what you're holding
I signed up for #podverse today a web up that allows you to listen to #podcasts, now this is nothing new you can do this on a host of sites, but what makes podverse different is that you can send podcasters messages or tip them using #bitcoin on the lightning network I sent a podcaster some sats today and it worked great :)
I know people who are new to #bitcoin are feeling the pain, and this could be a test many fail, we can see people selling off and giving up on bitcoin, we can see how many are selling off right now and that's okay, for every seller there is a buyer -->> https://thebitcoinmanual.com/articles/how-bitcoin-will-test-your-patience/ Bitcoin will test your resolve it will push you to see if you're worth holding your wealth or will you give in, this is how the game works and most…
One of the many “in real life” games that has been converted to a digital format is the classic gambler’s delight of Bingo. If you like trying your luck with games and trying to win some #bitcoin then give LN bingo a chance -->> https://thebitcoinmanual.com/articles/bitcoin-gaming-lnbingo/ All you need is a lightning address and a Twitter account and you can start playing today, in our latest post we give you a break down of how the game works and how to get started
If you want to run your own #bitcoin payments without the need for a 3rd party then you can run your own #Btcpayserver, this is a free and open-source software service -->> https://thebitcoinmanual.com/articles/what-is-btcpay-server/ You can download it on your bitcoin node and it's super easy to set up and offers some great merchant features. If you want to learn more about it, then check out our intro post today
Lol markets are getting crushed #bitcoin finally breaks below 20k and it has all the signs that it will be going a whole lot lower, this is brilliant for stackers like me who have been wanting to get more bitcoin
If you ever wondered how #bitcoin works and how the chain adds new transactions every 10 minutes then you need to understand the concept of block space, blocks are compiled by miners and secured by proof of work but they first need to be created -->> https://thebitcoinmanual.com/articles/what-bitcoin-block-space/ In our latest post we break down what block space is, how it works, how it affects on chain fees and why understanding the system will improve your bitcoin…
Solana loans were about to get liquidated which would tank the price of the token so they DAO voted to have them liquidated and spare their blushes that doesn’t sound like a decentralised network to me Sounds like a venture capital tech company saving its own ass and throwing its users under the bus
#bitcoin based apps are starting to catch on with the help of the lightning network, these apps allow you to use bitcoin as a native currency for services. Vida is a live streaming platform, calling and messaging service that users bitcoin -->> https://thebitcoinmanual.com/articles/bitcoin-app-vida-live/ If you want to learn more about how bitcoin apps like vida work, check out our latest review and start spending or earning satoshis for live streaming or receiving messages
Have you ever wondered why big #exchanges have not added #bitcoin second layer solutions like liquid and the lightning network to make it cheaper for customers to move funds to and from exchanges and improve privacy? -->> https://thebitcoinmanual.com/articles/why-exchanges-btc-l-2-solutions/ In our latest post we take you through the current incentive structures and why you might not see second layer transfers with big exchanges any time soon
As shitcoins lose 90 - 99% of it's value people are starting to realise these coins are built on a house of stand and a few of them are smart enough to move on and learn why #bitcoin is different from the rest and these people are the remnant, they are the bitcoin maxis -->> https://thebitcoinmanual.com/articles/welcome-to-maxi-making-season/ If you aren't a bitcoin maximalist, you either have not been rekt yet but you will in the future or you are really bad at math and a…
The #fountain app has launched a new update that allows #podcast listeners to get paid to listen to their podcast. Find promoted episodes and give it a listen and the #bitcoin will automatically be added to your wallet, this is crazy and a new way to run a podcast -->> https://fountain.fm/refer/thebtcmanual-c32e3dbc98 If you're going to listen to podcasts why not turn your listening time into sats, with the app, download the app now and give it a try
If you spend a lot of time listening to #podcasts then we suggest moving over to #fountain app, they've just released a new version of their app for Android and iOS where you can get paid to listen to podcast shows -->> https://thebitcoinmanual.com/articles/listeners-earn-bitcoin-fountain/ In our latest post we break down all the mechanisms you can use to earn bitcoin on the lightning network as well as how you can spend bitcoin in the fountain app to support your favourite…
#DEFI attracts people who do not understand how money works, so they get sucked into chasing these higher and higher returns not knowing that these are unsustinable, unbacked and have no liquidity to be realised into in the future -->> https://thebitcoinmanual.com/articles/defi-underpants-stealing-gnomes/ I personally find it really sad how more and more people continue to fall for these blatant scams and end up getting hurt. In our latest post we describe what DEFI is, how…
If you've ever met a #Bitcoin maximalist they will probably tell you that you need to hold your bitcoin in a wallet where you own the keys and push you for more self custody of your funds -->> https://thebitcoinmanual.com/articles/why-bitcoiners-emphasise-having-your-own-private-keys/ But why is that? Why should you hold your own keys? In our latest post we review the obsessive culture of self custody and why it makes bitcoin such a unique monetary tool
If you're #hodling bitcoin for the long run and you're tempted to hold other #shitcoins, I am here to tell you, you're not diversifying, all you're doing is gambling, there is only 3 coins that managed to outpace its previous all-time high in a second cycle -->> https://thebitcoinmanual.com/articles/coin-wont-see-another-satoshi-ath/ All other 20000 coins have all gone down in #satoshi terms and you're wasting your time holding your coins long term. If you want to learn more…
If you were dumb enough to fall for these #crypto play to earn games thinking you were going to get money playing games because they pushed out a few articles on how people make money playing games then I am sorry you were lied to, people who were holding tokens like Axie are down 99% as I predicted -- >> https://thebitcoinmanual.com/articles/why-p2e-crypto-games-scam/ These token games are a scam and they use players excitement to dump coins on them while the investors in…
If you're feeling the heat with shitcoins collapsing along with #bitcoin price suppression and feel like you don't want to take the risk with these lending platforms anymore then we've got you covered. -->> https://thebitcoinmanual.com/articles/delete-nexo-account/ If you're a #nexo user, stop putting your funds at risk and remove them from the platform and take custody of your money. Here's how to get started and get rid of your relationship with this #CEFI lender
As people realise their #bitcoin is under threat and they can lose their funds so easily, like we've seen with the likes of Celsius and Voyager who have blocked withdrawals and crushed people who had loans -->> https://thebitcoinmanual.com/articles/self-custody-maximalism-on-the-rise/ Self-custody will be on the rise, it's the way bitcoin was meant to be held and is the safest way to hold your money by eliminating 3rd party risk. Here is why self custody is on the rise
Did you know you can swap #bitcoin from on-chain to Lightning to USDT to L-BTC all from your #telegram chat? -->> https://thebitcoinmanual.com/articles/how-to-do-bitcoin-to-layer-2-swaps-via-telegram/ If you don't want to use exchanges and prefer to do everything with a little more privacy and avoid #kyc then check out this method of swapping bitcoin to the layer you need it on or how to swap USDT on the Liquid Network For Bitcoin without needing to go through an exchange