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1021  Economy / Trading Discussion / Re: What do you know about IExchange? on: July 28, 2019, 06:39:50 AM
Even if they're legit, I think space is too crowded right now. Too many new players while there is no change on the users. These token for exchange model is also not groundbreaking anymore, they're probably going to be another low volume exchange like any other.
I am completely in agreement with your point, the market is just too saturated, and it seems to me that exchange is what many people wants to go into, and then they keep complaining of not having volumes, how can they have volume when the number of exchanges that we currently have is almost outweighing the number of users in the cryptocurrency market.

I think many projects who thinks of using the blockchain technology to work should try as much as possible to start looking for new concepts, I think we are just tired of investing in old innovations that are just copycat of one another, we really need more than exchanges right now, all my years in the cryptocurrency industry, I have only made use of 2 exchanges, and that is Binance and Huobi.

Indeed, the new exchange is now very monotonous. At least if they want to compete with the top exchanges, they should have to have new innovations that rival Binance. Because for now only Binance continues to make new innovations in their exchanges, of course it will be very difficult too, because binance itself has strong trust from traders. But here I'm still pretty sure that a better new exchange will come in the future and Binance will probably be like Bittrex.
1022  Economy / Speculation / Re: The crash of BTC price on: July 28, 2019, 05:56:36 AM
$800 is not a crash for bitcoin, man you have to see the history price of bitcoin and you will know that this kind of drop is very normal with bitcoin. The price may go down again but its not a big crash, its a big price manipulation and its hard to stop that, if you see the future drop then ready your money to buy bitcoin.

Well it seems like there are some whales who want bitcoin to go down. But it is true, the movement of the price of bitcoin is still quite normal and this is not a crash. Next, I see a new support line in the area of $8800- $9100, please prepare your money to buy it.

1023  Economy / Gambling discussion / Re: Is bitcoin gambling really accepted in China ? on: July 27, 2019, 03:48:06 PM
--snip

Lots of Chinese poker players play poker on Chinese websites. They also play poker on Pokerstars of course. These websites might be blocked by the censors, but a committed gambler will find a way around that.

haha that's how when the rules are too strict for the people, they will continue to find solutions to what they enjoy. Similar to the bitcoin gambling sites circulating in China, the government must have blocked these sites. But they (gambling lovers) have various ways to access the site, even the government cannot track them.

As far as I know China not allow online gambling although I don't have source news. Since bitcoin isn't traceable if don't know who own the address perhaps China people's would use VPN. And I believe most of legit crypto-currency gambling doesn't ask for KYC. So China player can get benefits of it.

And maybe gambling in China will really stop if the Chinese government makes rules as strict as in the US and India. Well, that would make the gambler's feelings tremble and afraid to gamble again. I also think that sooner or later the Chinese government will enforce rules like its rival countries.
1024  Economy / Economics / Re: Crimes involving crypto have risen on: July 27, 2019, 02:30:32 PM
Crimes existed from the very beginning. People steals fiat money everyday. Did we ever say that "no criminal activities will take place with crypto currencies"? Nope, we never said that. Now people may argue that they are anonymously doing all those illegal activities using crypto currencies. Well, people used to do that same thing before crypto currencies were invented. They used prepaid cards or gift cards to do those illegal activities. It is just that the media starts to exaggerate when it comes to crypto currencies.

People who have known Crypto well will not care about the news about the crypto crime. Most beginners will believe what the news media says, so we don't need to worry that the news will make a big change because beginners will not have the power to influence crypto.

Stricter regulations against this kind of crime should be created and enforce to eliminate them and I believe that there are already a group of countries planning to enforce it globally. Cybercriminals have been trying to evade authorities by using the internet and high technologies for so many years now even before the cryptocurrencies exists. The regulation should also focus on identifying possible illegal transactions that made through the exchanges and track them.

It's useless, crime will be difficult to eradicate because evil will never end. Adding strict regulation will only eliminate the basic goal of crypto, which is decentralization. Someone goes to crypto to get freedom from all the annoying rules. Even KYC rules are still many people who object, what if the rules are added to more stringently.
1025  Economy / Trading Discussion / Re: Trading BTC/ ALT COINS on: July 27, 2019, 12:00:41 PM
What are your goals in the first place? Is it to increase your USD? or to increase your BTC holdings? If it's the former, you shouldn't probably care too much of the BTC value of Dash even though you're likely to trade it for BTC first before trading the BTC to fiat. If it's the latter though, just mainly focus on the BTC value of Dash and just ignore it's USD value. At least that's how I do it.
Also my question because traders most of the time they do mind too much on fiat value that's why it do give out confusion.If BTC is the top priority why you
are trading it wont really matter on what would be the fiat equivalent but well price would vary from time to time with btc.
Sometimes it do really confuse us if we think the other way around.

You only need to focus on the coin pairs that are intended, if you are still confused just use a stable coin pair like USDT, USDC, it's quite easy and commonly used. Average, binance traders use stable coin pairs, including myself. And the reason I'm using a USDT pair, is because the fluctuations in crypto are very high and my goal is to increase my dollar.
1026  Bitcoin / Bitcoin Discussion / Re: Only a Crime Tool on: July 27, 2019, 11:21:14 AM
The amount of news on hacking, money laundering, drug trafficking and others that involve cryptocurrency or bitcoin seems to never run out. has become a natural law there are always two sides to this life. There is a right there left, there is a good one that is bad. so also in the world of crypto, bitcoin and others. But we must agree together that all return to their own people, want to use it all for good or evil. So there is no side of crime in bitcoin, because bitcoin is just a tool used. The evil is the human mind that directs it.

Money is the root of all evil, as they say. We can't help the fact that Bitcoin is money, just like the USD. (It's a better form of money in fact, but that's a separate discussion.)

As long as Bitcoin has value, it'll be used by criminals, just like the USD.

Not only on Bitcoin or USD, everything that has value will attract criminals to get it. All forms that are valuable are actually not wrong and true said the OP that what is wrong is the human mind itself. But it is very unfortunate that many have mistaken the perception of bitcoin, especially the government, I don't know how the government thinks that short.

For example narcotics. Most people consider narcotics to be illegal and dangerous drugs. But keep in mind that narcotics were not created for that, narcotics were created as certain drugs by doctors. It's just that many people abuse and this is the same as bitcoin. So we have to think intelligently about all the things we just know, most people just listen briefly.
1027  Economy / Economics / Re: Can Blockchain Replace Banks? on: July 27, 2019, 09:24:21 AM
First, the Bank and Blockchain are different. You need to know that the Bank is a financial institution while the Blockchain is a digital technology system, which means that both have very far differences. The Blockchain is not likely to replace the bank, but banks may use blockchain technology in the future. So it's only a matter of time, in fact there are already several world banks that use this blockchain system such as Royal Bank of Canada, OCBC, Santander.

I am very confident that this Blockchain Technology will bring considerable changes in the future, we are just waiting for time until all banks adopt the blockchain. The following article can be read about banks that have implemented blockchain.
RBC : https://uk.reuters.com/article/us-rbc-Blockchain/exclusive-royal-bank-of-canada-using-Blockchain-for-u-s-canada-payments-executive-idUKKCN1C237N
Santander : http://bit.ly/2Y93S8W
OCBC : https://www.straitstimes.com/business/banking/ocbc-debuts-use-of-blockchain-technology-for-faster-more-secure-and-cheaper-inter
1028  Economy / Trading Discussion / Re: The 7 Best Cryptocurrency Exchanges Everyone Should Know on: July 27, 2019, 08:30:28 AM
I remove 2 of your exchange list on my exchange list.
  • Poloniex
  • Bittrex
Because they have some problem on the platform, you already describe the problem from the article. Honestly i only using 2 of your exchange Binance & Huobi.

why did you delete the two exchanges? I think the two exchanges are still worthy of being called the best exchange. And what problem do you mean? you should provide the basis of your statement. Because so far I have no significant problems in the two exchanges. Well, it's just a matter of new regulations found in Bitrex, because Bittrex is an exchange that is proposed in the US, so they must follow all regulations in the US.

I think Bittrex should be removed from that list. Because Bittrex currently no longer offers many good services, they are being strictly controlled by the US government.
The most recent bad event was that they were forced to delist more than 30 alts on their exchanges due to security issues.
It is really a big loss for many investors and the choice is not much anymore.
sooner or later, Bittrex will also go into a dead end.

They stand in the US, they should obey all regulations that are there. We can't blame Bittrex, because I'm sure if Bittrex is not established in the US they won't be that tight. Even this regulation is not intended for Bittrex, but this is intended for all US citizens who are in the crypto business. But here I still think Bittrex is the best exchange, despite all the crazy regulations of Trump.
1029  Bitcoin / Bitcoin Discussion / Re: Indonesia, the second largest crypto adopter without legality. on: July 27, 2019, 07:52:50 AM
From what I know, in Indonesia, it is prohibiting bitcoin as a means of payment tool, but it still allows as a digital asset at the risk of each user's responsibility. And yes it's true, there are many users of bitcoin in Indonesia.
Yeah thats right, In Indonesia Bitcoin/Crypto should not be used as a means of payment, but the government there allows their people to have Bitcoin as just a precious commodity like gold. So it can be said Bitcoin/Crypto is digital gold in Indonesia.

Users in Indonesia can't use Bitcoin as a payment method in their own country but they can use it elswhere and online and that can't actually be controlled or stopped. Also, Indonesia is not one of the richest or the most developed countries in the world so people there see their opportunity in Bitcoin, that is also the reason why Indonesia has so much Bitcoin users. Similar is in other developing countries.

There is no regulation in Indonesia that prohibits using payment methods with bitcoin or crypto. Even the Indonesian government has not clearly legalized the regulation of Bitcoin. So far, only banks that criticize the use of bitcoin and the government are not responsible for everything that is caused by bitcoin, so Indonesian people are free to use bitcoin as a payment method but they cannot have legal protection and are fully borne by the user.
1030  Economy / Trading Discussion / Re: want trade by bot what do you think are you with bots or not on: July 27, 2019, 05:46:13 AM
It is just like you always hiring a machinery to do something that you have the ability to also do, and then you get used to it that when the machinery no longer exist, you end up in a vegetable stage because you have no idea on how to further more on it. Bit actually work to some extent, but if you continue to rely on Bot, how then would you know how to trade yourself, and trading is something that really requires practice, because the more you practice, the more you get better in it.

Bot is only for maybe people that are purely not interested in trading at all and just want to try their luck to see if they can make extra income from trade without having ti trade themselves, and this is mostly done by maybe office workers and old people, but any young agile trader, it is not advisable.

Well, someone who only relies on bots is more likely to aim to make profits. And actually not because they can't trade and do their own analysis, on average between them are bored and too busy so they choose to use bots.

Bots do make a lot of traders addicted and ultimately dependence on these machines. They can only realize that their bots are useless with market conditions that cannot be predicted anymore.

If you plan to use a bot in trading, make sure you go for the one with a good community behind it. A community that will help you if you have trouble in the setting it up or simply of you encountered a problem. if they have a Telegram group that will be great. There' a lot of bots out there but only a few have good after sales support.

But usually only a few community members will give their strategies for using bots, even this is my own experience. I used a bot before, when I still did not understand how to trade, I met many members of the community, they were all stingy to share the strategy and it was useless to use it, well finally the bot is now trash.
1031  Alternate cryptocurrencies / Altcoin Discussion / Re: Alts today - prospects of trading, investing and mining on: July 27, 2019, 05:02:07 AM
All the work that you mentioned is very interesting and has many examples of cases, not even a few members here who share their experiences in each of the jobs. Now you only need to determine your passion, where the work that you think is suitable. Sometimes person A works as a trader, and person B works as an investor, then person A wants to be an investor and he experiences a loss, well means that person A does not have experience or investment is not his passion.

I would recommend trading. It is more profitable for me. Been long I stopped mining cryptocurrency, so I can not really tell how profitable it is today.  
If by "investing" you mean long-term trading or holding crypto, yes, I guess that would work too. But the profits won't be consistent.
If you are aiming for long term investment to maximized your profitable gains yes indeed, it's still fine doing this kind of investment it would be less stress as you are not trying to position yourself in each market situations, just place your target selling point and wait till it will be hit lesser time for you to keep checking unlike with short term trading where you need to compete with time to take your chances.

Long-term investment is indeed easier than having to trade daily, but you need to know that if accumulated between long-term investments and short-term trades, short-term trading income is far more.

Both jobs are indeed not easy, we must be able to analyze the market properly, not only in short-term trading but also in long-term investments, because we cannot take positions carelessly.
1032  Economy / Trading Discussion / Re: I'm a full-time crypto trader. Here're my recent trades & answers to questions on: July 27, 2019, 04:18:12 AM
I want to know your opinion about the current condition of BTC, according to my analysis, BTC is in a tense position because this will determine the direction of the next trend. A little worried if the support will be broken then the price will drop back. So what do you think about btc now?

image loading...
1033  Economy / Exchanges / Re: No withdrawal on Binance! Is Binance new HitBTC? on: July 26, 2019, 12:02:20 PM

I logged in few months later after level2 verification and a deposit BTC and I saw my limit for withdrawal was cut from 100 BTC to 0
and it demands one more check, requires more documents.


Maybe this is the problem, your account was marked suspicious because it was not active a few months ago and suddenly tried to make a withdrawal, therefore the binance system did additional verification for you. I think what binance has done is very appropriate, considering that a few months ago they suffered losses due to hackers. Therefore Binance adds to the double security of any suspicious activity now.

Now you only need to verify with videos, I think it's not too difficult for you, unless you don't want your money to be withdrawn. Make sure all the complaints that you face to contact binance support.
1034  Alternate cryptocurrencies / Altcoin Discussion / Re: FOMO is not good at all times! on: July 26, 2019, 11:16:09 AM
FOMO is not good, controlling himself and being calm can avoid the FOMO. Although not completely avoidable, at least your mind is more calm and able to make the right decisions at such times. And do not blame the internet connection and whatever when you experience a loss when trading, think that you are just unlucky at the time and you are able to return it back. Blaming something for losses only makes us continue to regret it, please avoid this attitude.

You got it wrong, I think the topic should be "FOMO is bad at all times because to be honest, I have never seen a situation where FOMO is good, FOMO is all about greed and this does not give you the time to do a thorough research about a project before you purchase and most times, you end up purchasing when it is very expensive.
That is the behavior of FOMO who will not research the project and will only buy when the price is high, if the behavior is done then it will forever be a FOMO and forever will lose. So, don't get used to it and always do research first to buy, because buying when high prices will be very risky and basically we have to be patient to buy and sell because there will be a right time to do it.

Well it's a little difficult when in a situation like that, where someone has been patient waiting a long time and because of something they lose the moment. At that time FOMO will haunt our minds, I think there must be emotional education about trade. I saw several youtube channels that gave tips on trading, they were able to maintain the situation when they lost their moments and were patient again so they were very confident, this is a professional trader.
1035  Economy / Trading Discussion / Re: Is KuCoin Becoming the Best Exchange for Trading? on: July 26, 2019, 09:49:42 AM
Since my last transaction with Kucoin it was great experience to share to everyone, and I been doing all my trades at 101% success. Based on that statements that it could become the best exchange for trading, that's certainly a biggest possibility that we should consider. KuCoin is reputable, no security breaches history and yet the service fee is highly affordable.

Well, so far I also don't have any problems regarding this exchange. All my transactions or trades went well and I have been loyal for more than a year with this exchange with a pretty good ROI. KuCoin is indeed a fairly young exchange and this exchange is not far removed from the launch of Binance which is now a rival, they have had a very good reputation since it was launched until now.
1036  Alternate cryptocurrencies / Altcoin Discussion / Re: 💲💲 Stable Coins?? 💲💲 on: July 26, 2019, 08:50:05 AM
I used to like stable coins when I was actively trading but this time around, I have stopped trading so I have my coins in Btc and other few alts that are not stable. To me,  there is no need for holding in stable coins for a long time because we are in crypto hoping for the best. When you hold in a stable coin, you won't get any profit when the market is rising. I think stable coins are good for traders.

Well indeed, trading with the top coins is quite good with stable coins like USDT. I have seen several coin lists with USDT pairs in several exchanges such as binance. But for crypto trading under the top 10, these coins are usually paired with BTC.

I personally disagree if I have to choose one of the stable coins that the OP mentioned, because there are many bad issues about stable coins and in my opinion, stable coins are less attractive to me. It's just because I trade I use it on several pairs of coins.
1037  Economy / Gambling discussion / Re: Top 5 Bitcoin Dice Strategy Guide: How to Win at Crypto Dice on: July 25, 2019, 05:11:24 PM
Informative merit deserving post except for the part where you started to promote Trust-Dice. Not heard about the website before and definitely, it is not one of the popular dice sites around. Just in case anyone looking for alternative and better options, don't hesitate to visit crypto-games.net. Smiley

If the site inserted by the OP does not have good trust, at least the OP has shared several useful strategies here. Yes, even though there is no strategy that works forever, the strategy given by the OP is quite good and can be developed if it doesn't work anymore.

I've tried the martingale in some of my bet but believe me, you will always end up chasing your losing bet, it's ok as long as you have the means to chase your losses, these strategies are for serious and high rollers, it's hard to keep up if you are just a newbie, better just enjoy the game if you are not a big bettor or a high roller.

The higher the amount bet, the higher the risk gained. I think it's the same, everything will end up in the pursuit of losing bets, whether it's big bettors or beginners, they will still get loss and chase it.
1038  Economy / Gambling discussion / Re: {Sports betting} Watch out for "professional tipsters" on: July 25, 2019, 04:30:17 PM
The so called "professional tipsters" are using mostly Facebook groups.I used to be a member of a few,but I never bought any services from such tipsters.I guess only the sports betting gambling addicts are buying such tips.A 90% win rate is ridiculous.

I have never seen anyone here with that win rate although there are some members here who share tips,most of them however share their tips for free.People that claim 90% win rate and are not backed up by real statistics are obvious scammers,they are selling their ideas on betting at an expensive price.I agree that only addicted gamblers may buy such services.

Only desperate gamblers who will buy useless tips like that. And I strongly agree that this is categorized as fraudulent service, they provide information "we sell tips not sell profits" and this proves that their tips do not provide benefits as they say, all are mere lies. They only make data manipulation, edit images, as if getting consistent profits, it is all done just to attract the attention of beginners to buy it.

Honestly, I used to be a victim, but not now, I have a strategy that I developed myself. And this is my bitter experience, don't ever buy tips like that, everything is on Google if you look for it.
1039  Economy / Gambling discussion / Re: Poker Myths - Help you become better players on: July 25, 2019, 04:12:26 PM
Nothing is gonna make you a better player in gambling. To be a big player it is must to learn on their own and keep on experimenting. Maybe you'll fail continuously but you'll learn some tactics out of the same. When it comes to poker however you practice online/offline without luck nothing gets turned to be a myth.
Luck is always been the main thing when it comes to gambling but somehow on poker this isnt the same when it comes on how to win up against other players.

Skills do vary and the ability to make decisions that would fit out on some situation specially when you do see that you are on advantage.Practice makes you more better
since these card games do require the ability to think up on how to handle your cards.

Skills in managing cards are the main thing in poker games, because of course we will always get random cards in each session. Where we have to be able to develop different strategies and adjust the cards we get. Poker is indeed a better game than other gambling games, I think this game is much fairer.

And about some of the myths stated above, there are actually still many people who believe it and apply it as one of their strategies. Sometimes the myths will have no effect on players who already have quite good experience in poker, maybe here the OP has a pretty good experience so he really understands the poker myths.
1040  Economy / Trading Discussion / Re: Suggest me to invest in Bitcoin Online Trading on: July 25, 2019, 03:27:22 PM
Do you want to invest long term or just trade? if you choose to invest long term it is better to buy the top 10 coins. Well it will be safer in the value of your investment. But if you want to trade, maybe altcoin is an option, usually I search among the top 100. But I can't give you a recommendation for coins that can be bought now. It's better to learn for yourself, until when you will depend on other people's speculations.

You will only lost when you sold at lower price, why in hurry? If you think you're at loss then just hodl and wait. But if you think some token/alt did have a better performance and want to trade with then you should risk to sell low your current holdings so you can buy the lowest price as possible of another coin to get profit. But selling low will eventually your loss.

Well it looks like the OP is still a beginner about trading, he buys coins without knowing the basis of trading.
I have several lists of educational platforms that OP can use as learning media in trading.
1. CryptoManiaks
2. TradingHeroes
3. Cryptoversity

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