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141  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Litecoin break it's all time high? on: February 12, 2020, 11:13:52 PM
It's certainly not out of the picture considering fundamentals and features tend to go out the window when bull runs like the one we had in 2017 happen, and I don't doubt that LTC could certainly break its previous ATH and make a new one. The coin being ranked so high up on most sites ranking cryptocurrencies by market cap also helps the coin gain more exposure and might attract newer investors if and when the next bull run happens, because people often seek investment in cheaper coins when Bitcoin's going up.
142  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] How diversified are you in Altcoins in Q1 2020? on: February 12, 2020, 12:04:40 AM
I hold the majority of my crypto funds in Bitcoin, and I keep around 25-30% of the rest in Altcoins, though I would not say there's a fixed percentage of my portfolio consisting of alts because I manage it very often and the number can go down or up at any moment depending on my personal analysis. Of the alts that I own, none of them are what you might call lower-cap coins, and a few of them would be ETH, LTC and XMR. I've maintained largely the same basic portfolio setup since 2016, but it's been producing great returns for me consistently since then, so I see no reason why I should change it now.
143  Economy / Exchanges / Re: Your ideal crypto derrivatives exchange: name 5 most important features. on: February 11, 2020, 11:59:49 PM
My list of importance goes something like this:

1. Good liquidity
2. Good platform speed- I don't like trading on Bitmex especially when things are moving fast and their platform occasionally overloads, which can result in high slippage or losses.
3. Good reputation- This could be tied with #2, but I am always wary of very new sites offering derivatives as some of them could just run off with your funds with no warning.
4. Easy-to-use interface- You trade best when you're familiar with an interface, so it's important on newer sites that the interface is similar to existing ones on more popular sites (like Deribit and Bitmex), or it's just designed to be quick to learn with proper documentation.

I don't ever use high leverage, and mathematically it just doesn't make sense to use insanely high leverage like 100x or 200x, so the availability of very high leverage is just clickbait to reel in newbie traders IMO.

I value the security of funds more than quick withdrawals, which is why I trust Bitmex more than some exchanges with my funds, but at the end of the day there's no way to tell how an exchange is keeping user funds, and any exchange could potentially have a serious security breach involving the loss of funds at any time.
144  Economy / Trading Discussion / Re: Where to do ETH/BTC leveraged trading with low fee? on: February 11, 2020, 11:51:42 PM
The trading fees on Bybit, another common and popular leveraged trading site that is pretty much identical in many ways to Bitmex, are exactly the same as Bitmex's- 0.075% for takers, -0.025% for makers. The same goes for Deribit, which offers -0.025% for makers and 0.075% for takers. Another site that offers leveraged perpetual swaps that I don't use is OKEx, which offers a lower percentage for takers at 0.05% but you pay 0.02% in fees as a maker.

In case you're unfamiliar with these terms, you pay taker fees when your order executes on the market and you pay maker fees (usually a rebate) when an order executes into your order sitting on the orderbook.
145  Alternate cryptocurrencies / Altcoin Discussion / Re: Project's website is asking private keys of the holders. on: February 11, 2020, 11:42:35 PM
Copying and pasting something like your private key's extremely dumb in any circumstance because there's plenty of malware out there that can read what you copy and paste, and even though keyloggers also exist, it's infinitely better to look and type out your private key if you ever needed to do so in a circumstance like the one mentioned in the OP.

A project like this might not only be a scam but also poorly designed.
146  Economy / Gambling discussion / Re: Which is easier, stop when you are winning or stop when you are losing? on: February 11, 2020, 11:36:39 PM
I actually find it easier to stop when I'm winning because I've become less greedy as a whole from trading and getting burned from greed very often such as when I sit on a position too long and price action starts going to other way. I can certainly see how it can be hard to stop when you're losing because you want to 'win back' losses, but from my own experience of losing significant sums of money through chasing losses, it's a terrible mindset to be in. If I end up winning more than I expect, I usually stop and buy something nice I otherwise would not purchase and go on with my day.
147  Alternate cryptocurrencies / Altcoin Discussion / Re: Did you notice top exchanges reduced the withdrawal fee? on: February 11, 2020, 02:03:26 AM
Great news, though I already try to batch my withdrawals from the exchanges that I trade on so the fees that I end up taking every transaction aren't very significant anyways. This might be an adjustment and a subtle encouragement for more people to start using the exchanges that have lowered their fees, or even just a little bit of competition between some exchanges' withdrawal fees, but it's good anyways.


However, what is the service? Still okay or decreased?

There's most likely no decrease in service quality from exchanges as a result of this lowering of fees. Wouldn't make much sense for them to degrade service just to lower fees.
148  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Hardware wallet really secure enough? on: February 11, 2020, 01:50:41 AM
No storage solution for cryptocurrencies is perfectly secure and it's unrealistic to ever expect anything to be completely foolproof, but hardware wallets are a great compromise between security and usability for most people when compared to other more 'hot' wallets and paper wallets and other cold storage solutions, so I find them to be secure enough as long as you aren't keeping all your funds in one place. Always distribute your holdings between multiple storage solutions, so if one thing is compromised, you still have the majority of your funds.
149  Economy / Trading Discussion / Re: Are crypto advisers worth to be looking for? on: February 11, 2020, 01:38:45 AM
There's plenty of detailed paid courses and such out there that can help you learn more about trading, but most of them do not go very far outside of what you can learn with free materials available on the internet oriented both towards crypto trading and not towards crypto trading that do the same thing in a different format. Many of the things you learn in trading cryptocurrencies also apply to a certain degree in other more traditional markets, though you'll need to adapt if you change from trading crypto to another market.

That doesn't mean there aren't good people on Twitter and other social media platforms to follow with information about crypto trading. It's just unfortunate that the vast majority of people on those platforms overstate their profits, hide their losses or more.
150  Economy / Gambling discussion / Re: Gambling and health 🤕symptoms on: February 11, 2020, 01:30:04 AM
I do agree with some of the things stated in the abstract of this paper and through a quick skim through of everything, but I actually don't do any drugs at the moment (besides coffee if you count that, lol), and I'm also not an alcoholic, though I might get a drink every one or two weeks if I'm going out with friends. I certainly do agree that those especially under 18 should not be allowed to gamble whatsoever, though a lot of countries like the United States do this already.

Crypto and especially crypto trading can be as risky if not exactly as risky if you don't know what you're doing or if you get too cocky. I would not say cryptocurrencies are a solution to gambling addicts since things like leveraged trading exist, but I could see how it might help a select number of people.
151  Economy / Gambling discussion / Re: Leave gambling, if it destroys you. on: February 11, 2020, 01:25:32 AM
It's way easier to talk about leaving or stopping gambling if you're addicted than actually doing it; seeking professional help is often a very good option if you know you're addicted to gambling but can't quit it or if you know someone who's suffering from a serious gambling addiction that agrees with seeking help. Some people also unfortunately shun help, which can be tough, but as long as you're doing all you can, it's not really your fault.
152  Alternate cryptocurrencies / Altcoin Discussion / Re: For newbies only on: February 06, 2020, 11:39:49 PM
Mobile wallets aren't that secure in the first place. If you're starting out in crypto, it's just fine to use them for a short amount of time, but there's a ton of potential weaknesses with mobile wallets even besides fake download links just due to the fact that they're on a smartphone. If you end up owning a more significant sum of crypto in the future, I would highly suggest you get a hardware wallet or an airgapped computer of some sort to store those funds more securely.

Keeping a desktop wallet would be a notch up in terms of security for most people, but if you go this route, make sure that you verify the GPG key of whatever wallet you're downloading so you can be sure that whatever you've downloaded isn't compromised in any way.
153  Alternate cryptocurrencies / Altcoin Discussion / Re: Advice to newbies who wants to mine coins for start on: February 06, 2020, 11:32:30 PM
A lot of GPU and ASIC mineable coins are also not very viable, depending on whether you're trying to mine for profit right now or if you're trying to mine and then hold what you mine.

For anyone entering mining, realize that if you want to make profits through mining, you'll need to spend money. Your current computer simply won't make you very much in non-investment mining, and even if you do invest in hardware specifically for mining, there's people with likely much lower electrical costs you're also competing with. There's a ton of factors that can make mining profitable or not for you, and it's not possible for me to fully describe all of these in one post, but you'll be able to find more information in the Altcoin Mining section.
154  Alternate cryptocurrencies / Altcoin Discussion / Re: Can Binance beat Ethereum on: February 06, 2020, 11:27:32 PM
I'm not a fan of this comparison either; both of the coins have different uses completely though they do overlap in some regions, and Ethereum is notably usually used for smart contracts and for tokens and ICOs, while BNB's mainly still used on Binance's various platforms and especially its exchange because I recall it lowers your trading fees if you pay for them in BNB.

It also depends what metric you're measuring by how 'big' something gets. Are you basing things on market cap, something else or a combination of several metrics?
155  Economy / Trading Discussion / Re: Best trading platform? on: February 06, 2020, 11:21:50 PM
There's also other things to consider when picking an exchange, such as whether you're looking to trade unleveraged or with leverage with derivatives on sites like Bitmex, Deribit or ByBit. I've already addressed the former topic in a previous post in this thread, but if you're looking to trade on leverage, the three sites I just listed work very well and don't require verification, though I do suggest that you start out trading with a small amount of funds when trading with leverage to learn how it works and how to use the exchange you pick.
156  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Was Ripple the cause of this bullish trend? What do you think? on: February 06, 2020, 11:18:53 PM
Very little price action is directly caused by one singular thing; there's also plenty of events that we will never know the root cause of, but XRP itself is still just a small part of the crypto markets as a whole even though it's up there if you're ranking cryptocurrencies by market cap and other similar factors. Besides even those things, I doubt a simple announcement like this would cause so much fanfare in the markets, and it isn't due to launch for a while.
157  Alternate cryptocurrencies / Altcoin Discussion / Re: The Current ICO Project Looks a Little & Is Different From Previous Years? on: February 06, 2020, 01:17:54 AM
The smaller amount of signature campaigns on the forum nowadays is probably due to the organizations running campaigns analyzing the benefits of both signature and social media campaigns and coming to the conclusion that social media campaigns are more effective, though it's impossible to know for sure and it could just be ICOs and newer projects trying to cut down on costs wherever possible.

I can't point you directly towards one campaign that's the 'best' either, since that's entirely subjective, but the Altcoin Bounties is your best bet for altcoin-based campaigns. If you're looking for fresh campaigns, look for threads with few posts.
158  Alternate cryptocurrencies / Altcoin Discussion / Re: RECENTL CHEATING OF yobit exchange on: February 06, 2020, 01:05:47 AM
Just stop using the exchange and tell others not to use the site. YoBit's been causing problems for its users for about as long as I can remember actively being involved in trading and using cryptocurrencies, and it seems the exchange has changed very little from those times years ago. It sucks that the site didn't pay you as promised, but it's likely not worth your time to fight back and get what you're owed, unfortunately.

Filing a scam accusation might help as well, but considering YoBit doesn't seem to care about them much, it's up to you.
159  Alternate cryptocurrencies / Altcoin Discussion / Re: Whoa, Ethereum breaks the $200 barrier on: February 06, 2020, 01:00:52 AM
I could see the breaking of $200 being a catalyst for a greater movement considering it's mainly a major psychological barrier being a nice round number in the hundreds, but it's never a great idea to rush into the conclusion that a bull or bear trend's beginning as the crypto markets love to fake people out, though momentum-based indicators like MACD are showing a potentially strong bullish trend developing. I'll have to keep an eye on it, but I'm not too biased towards either side at the moment.
160  Economy / Exchanges / Re: Best exchanges to practice for free? on: February 06, 2020, 12:52:24 AM
Another leveraged derivatives exchange that provides a testnet for paper trading is Bybit (click for link), which is functionally and visually very similar to Bitmex except for a few details that become obvious as you use both sites. I'd still highly recommend using TradingView's paper trading function for beginners, though, as I find the general interface of TradingView to be simpler and easier-to-use compared to the clunkier interface that ByBit has.
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