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The article was posted here on BTC TALK last year. Unfortunately I dont remember the title. The reason I am looking for it is because it was a study by the UK government. I would like to refer to it especially when talking to individuals that supports governments. The study was agreeing that there are more crimes with fiat than with bitcoin/crypto in general. Would be interested in finding such a specific article myself just to have on hand whenever people are shooting down cryptos by claiming they're a cesspit for criminals and financial crime. There are more and more stories each day about banks committing financial crime but it seems to get blown under the carpet whereas anything regarding crypto is jumped upon, it's hard to understand how people can be so blind to what's right in front of their faces. |
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Have you ever wondered that trading can be bad for your health?
The first problem you can have is - eyes problems. Spending more time in front of your computer can be harmful to your eyes.
The second - stress. Stress can cause many problems from high blood pressure to depression.
Here is my story...
This summer I went to a doctor with some health problems - I had an awful headache. Just to make picture clear - my headache was with me for 15-20 hours per day. So we did some tests showed that I had extremely high blood pressure.
“That’s odd” - I thought. I eat healthy food and I do sports.
I was confused. But the doctor said that it can happen because of stress. So I went to a psychologist to deal with this issue. We were talking about my life and interests. And I told her I trade… I believe I don’t need to continue this story lol
Since I trade a lot (I do. I could even tell this is an addiction). The doctor suggested me not to trade for about a week. That was impossible for me, but I tried. It was hard. It was more than hard. But in a couple of weeks, my headache disappeared.
I still trade but not as much as I used to. Now I practice blockchain games because it’s less stressful. Do I feel myself better? Yes. In July it was so painful so I thought that I will die. Now I don’t feel pain at all.
Conclusion:
I know it’s all individual. Some people trade days and night and they feel pretty good. I just told you my story with my experience. I don’t pursue anyone to stop trading. It’s just important for me to warn some people who can have the same problems.
It's good of you to share your story and hopefully it might encourage some people to get checked out themselves. Each person is different as you mentioned, I try to always be mindful of the stresses of trading and investing and remember that it's not life or death, I also practice stress relieving activities such as meditation to keep a handle on things. |
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Every currency follows the market for 90% or more of the time, the only time it doesn't is if there's any major movement due to news, development, etc. In the last 9 months only a select handful of coins have been able to trend against the market and remained in the green over that period, they're the ones with the best development and potential for the future.
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The whales and big investors did not need indicators both (technical and fundamentals indicators) before buying or selling Cryptocoins. This has just made me to believe that the indicators are just there for me and you to lose money and not to make money as the price will still go against you no matter how intelligent you are in technical analysis. The market seeing to make it own mind and that is to say the whales push it to any direction they decide at a particular time.
Well if whales just bought and sold without any analysis or thought then it would be a great situation for us because they'd be losing money and we'd be able to profit from that. Everyone needs to think through their decisions and they also need to realise that just because analysis suggests one thing does not mean the opposite can happen, it sounds like you need to work on that especially. |
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It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
How do you think about these crypto?
If it's issues by a government I would doubt it's very decentralized and so I wouldn't think it's true to the vision of what a cryptocurrency should be. Though Japan have been very forward thinking and I wouldn't be surprised if they had a currency that was somehow tied to their own currency but without such a level on control. |
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I feel trading at this moment is not right and waiting is better
In the market there are always winners and losers so trading is never wrong if you can be sure you'll be a winner. But in current market conditions it's much harder to make a profit as the trend is downwards. Even with recent stability there is little volume or variance and it's always hard to trade without that. Still, investing for the longer term is still trading in a sense and I would say now is a promising time for that. |
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Whether you are a day trader or you trade once in a while, you have to align yourself with the smart money, not the dumb money, surf along side the whales,not against them, trading is war and you have to choose your battles correctly
If you know what the whales can do you can just pick up a few of their leftover crumbs, but it's no easy task predicting exactly what they're doing or in saying that the market will remain bullish or bearish. The thing with the crypto market is people often lose out by trying to profit too much when they could wait until the picture is clearer (foregoing some potential profit) but then step in and be far more sure of a profit. |
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In terms of security blockchain technology is more secure but you're much safer transacting with a bank than on the blockchain, that's because you're far more protected with a bank whereas with the blockchain if you make a mistake or get scammed etc there's no one to recover your losses for you.
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I got this mail from support: “ Kindly let us note that our request is a standard procedure that is obligatory for all our customers at some point. There is absolutely no need for you to worry. The form you were asked to fill is a part of our post-verification AML/KYC procedure that is obligatory for all of our users during their activity on CEX.IO bitcoin exchange. As for your personal information security, please be assured that information is needed for compliance reasons only and will not be used in any other way but those stated in our Terms of Use and policies ( https://cex.io/terms). Please check more details on our Privacy Policy here: https://cex.io/privacyAlso, we would like to draw your attention to the fact, that you may download all documents directly into your profile using this link, if you wish to avoid sending files via email: https://cex.io/trade/profile-upload-tab. We are waiting forward to hearing from you soon. Best regards, Compliance Team” Well at least you know that it's legit at this point. It's then just a question of if you trust them with your documents or not, or how much you really need to be verified for the higher withdrawal limits. If there are certain things you're unsure on providing you may be able to ask if there are alternatives etc. |
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I wonder in what area these jobs really are, there are bound to be a lot of jobs for specialists in a variety of areas, think lawyers, accountants, compliance specialists and many more. That's discounting all jobs that are even directly involved in the creation, development or adoption of any cryptocurrencies.
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If you're not fine with it then don't fill it in. They're just trying to protect themselves from a regulatory point of view. It's the same things a bank would ask you when you're withdrawing, only it's easier to pass this on to an exchange as a first form of defense otherwise they could face some litigation issues. Facebook account and phone number of employer seem a little fishy, especially the facebook one, are you sure it's a legit form? I don't see why your facebook is of any relevance.
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Altcoin nowadays are listed on some exchange which has high fees. I tried to trade to increase my portfolio despite of this situation but still useless because of the amount of fee is when it comes withdrawal.!
Is this normal because of the current situation of market? Or a normal amount of fee especially if the exchange is not yet popular?
Trading fees don't tend to be more than 0.25% with a lot now at 0.1% or less. As for withdrawal fees they're normally a fixed amount and for some coins on some exchanges are ridiculously high when considering usd amount. It also largely depends on how much capital you are trading with given the fees are fixed, if you're trading with a small amount then the fees will hit you too hard to be able to profit. |
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If I were to choose one altcoin that might boom I would choose ETHEREUM. Ethereum has the most possibilities of booming after Bitcoin.
Ethereum is the most obvious and also the coin I would pick if I had to invest my money, if I did not have to invest then I would look for a coin that's performing not too well but has huge potential, none immediately spring to mind but probably something which is promising revolutionary tech but as of yet has little to show to support their claims. |
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It won't influence the market that much other than reducing risk for investors and therefore increasing demand for cryptocurrencies slightly. As for the level of influence I don't think it will be that much because most savvy investors will have found a way to invest if they wish and secured their investment.
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Pretend that all the fiat money in the world is gone and the whole world is only using Bitcoin. Ignore scalability issues for this scenario.
I'm sure most of you know that most money is actually created by banks through fractional reserve lending. Our economy is stimulated by people constantly taking out loans to make purchases. But with bitcoin you can't loan money that doesn't exist. Maybe we would have to change our consumerism as a society and prices would drop. Being able to borrow money easily makes everything rise in price. What are your thoughts?
Lending can still happen even with bitcoin, it's just that the money being used for lending will not be generated out of thin air and therefore there won't be such inflationary pressure on the currency. As for how that would work from an economic point of view it's hard to truly answer as it's never before happened.  Lending in fiat requires some form of security by including third party like guarantors but how will that also be possible with bitcoin where bitcoin even don't adopt third party agreement. Does an escrow is not enough to be a form of like guarantors? But i'm also confused if how would they will going to do that if everyone was using bitcoin, then people should be talking here forever if they want to loan some bitcoin in the future. I doubt if there's another forum that looks like a bank in the future. It's really not too difficult, it's the same as in fiat, persons asks to borrow money and the lender asks for something to use as collateral, a house for example with a mortgage. As for governments borrowing money from themselves which they intend to print in the future then as I said that won't be possible. We are already moving away from a world where banks and governments can lend/borrow with little reserves so it's not impossible to function with 100% reserves. |
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Pretend that all the fiat money in the world is gone and the whole world is only using Bitcoin. Ignore scalability issues for this scenario.
I'm sure most of you know that most money is actually created by banks through fractional reserve lending. Our economy is stimulated by people constantly taking out loans to make purchases. But with bitcoin you can't loan money that doesn't exist. Maybe we would have to change our consumerism as a society and prices would drop. Being able to borrow money easily makes everything rise in price. What are your thoughts?
Lending can still happen even with bitcoin, it's just that the money being used for lending will not be generated out of thin air and therefore there won't be such inflationary pressure on the currency. As for how that would work from an economic point of view it's hard to truly answer as it's never before happened. |
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The large issue around regulating cryptocurrency is that the laws and outlook differ greatly from each country to the next so how can there be one set and defined standard? Until that staged is reached regulation is a fairly futile idea as under what jurisdiction should things be regulated? I do think eventually there will be a more global view as you suggested and it will decrease the level of scams but it won't put a full stop to them, it's just more red tape that makes the process more difficult but potentially more lucrative for those scams that go through the effort.
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Haven’t people thought that we are deviating a little from what bitcoin intended to be? just need to see the first pages of the forum to realize that the discussions focused more on “which crypto will generate more money in X amount of time” or “it is good to invest Y amount of money in Z currency”. Of course, I do not think this is bad, because, in the end, investors and adoption for different reasons benefit bitcoin, but I think we are moving a bit away in the goal that Satoshi had when he put his words in the bitcoin whitepaper, and how do not do it? if is so easy to get lost in the FUD, FOMO, and a cloud of thoughts, at least once a week I have to read the bitcoin whitepaper to try to not lose the way.
Maybe I’m just exaggerating but I’ll love to hear your opinions.
I think you're entirely right but there's little that can be done to stop it now. Bitcoin will only be returned to those who truly care for its philosophy once the price falls dramatically and people no longer see it as a cash cow. I wish it were possible for both to coexist but as long as people are pursuing profit over adoption then bitcoin will struggle to live up to what Satoshi had envisaged. |
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i dont agree with you. they can light the fuse of a pump or dump in crypto market. even selling few hundreds of bitcoin in a very short time period can affect the market. because stop loses starts working, panic seller starts to sell etc.
Too right, it works like snow, even the smallest flake can start a huge avalanche. If you can influence other peoples actions you can control the price for a far smaller amount than if you were trying to do it all of your own accord. |
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I think as I always have done with KNC that it is a crypto for the future, nothing drives the price now except the burn rate which is very low but if in a number of years time crypto really takes off and kyber is central to that in terms of enabling token swaps and the spending of any token then the burn rate will increase dramatically and the price will in turn inflate.
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