Bitcoin Forum
May 24, 2024, 09:38:41 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 [73] 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 ... 600 »
1441  Bitcoin / Bitcoin Discussion / Re: Bitcoin Whale Transactions Spike As $1,046,164,730 in BTC Leaves Crypto Exchange on: April 17, 2022, 04:29:26 PM
But if you will take this as a fundamental analysis, it is really bullish for me, especially the supply of Bitcoin to exchanges is decreasing, it clearly shows that the pressure on selling is decreasing too.

It feels bearish for actual statistics though - to me.

If $1bn leaving an exchange is special that it can be noticed, not much crypto is actually going in and out of exchanges as it's just over 1% of the market cap - large chunks leaving a crypto exchange could just be an otc purchase too which might be less bullish if those funds have just sat on the exchange waiting before now.

95% of these "WHALE ALERTS"  are actually just exchanging shifting funds from their cold to hot wallets or vise versa.. and not actually real whale investors depositing/withdrawing

A lot of them are also probably exchanges rebalancing how their funds are stored too or changing how they store them (even an exchange just wanting to change keys as an employee leaves that held/knew where to find a key to a multisig to keep their funds secure).
1442  Economy / Service Discussion / Re: Question about specific mining website on: April 17, 2022, 04:14:22 PM
Haw did you come across the website and what were you attempting to use it for?

There isn't much info about them anywhere so they're probably best avoided.

Equally there looks like there's a dao for dai called makerdao so that likely adds to the risk.
1443  Other / Beginners & Help / Re: Centralized Exchange or Decentralized Exchange? on: April 17, 2022, 04:03:36 PM
Cryptocurrency is not yet legal in many countries of the world

It's legal in most countries.



Decentralised exchanges have a lot of anonymity benefits and can save quite a bit in withdrawal fees too (since a lot use an wallet directly compatible with the coin's blockchain and not a fixed withdrawal fee).

I think dexes suffer from a lack of liquidity and a higher spread in some cases just due to having less volume and users.
1444  Other / Beginners & Help / Re: Investors need to know about charts reading too on: April 17, 2022, 03:55:27 PM
As an investor you can get away without looking at charts (especially if you goal is just to accumulate - which it is for some).

To not buy the top or know when to sell then you'll obviously be more accurate if you couple in some basic TA - but make sure you can backtest it too. This might become more like swing trading though.

1445  Economy / Economics / Re: Where should I invest? on: April 15, 2022, 10:48:46 PM
As said above, I'd buy btc too but if you plan on storing the coins yourself or using the network then I'd buy a small amount first just to test how everything works and learn how to do things with small amounts.

Is there something specific you're after? Have you got other investments that you can use to keep your portfolio a bit more stable too? This might be helpful to ensure you have an investment that isn't speculative like bitcoin and offers a bit of diversity.
1446  Other / Beginners & Help / Re: Professional newbie on: April 15, 2022, 07:41:06 PM
I joined here after being into bitcoin for a few months and seeing it on search engines quite a lot - I wasn't great at posting to start with but I knew quite a bit about the forum and bitcoin from threads I read and discussions that went on so I think that might be another distinction between how well people seem at writing on the forum.

2 alt users are quite probable as well as alts of members on other forums (ie someone posts a lot on bitcoin stackexchange/reddit and moves across - if those are still active).
1447  Economy / Service Announcements / Re: [ANN] ChipMixer.com - Bitcoin mixer / Bitcoin tumbler - mixing reinvented on: April 14, 2022, 12:51:44 PM
I used your service and my transaction has over 12+ confirmations, but i never received my chips or anything. In the Deposit step it shows no funds either.
It also shows no confirmed transaction on step 1.

From what I remember from doing some tests, have you tried skipping straight to step 2 to see if your chips are there?(don't press ahead to step 3 yet though)

If that doesn't work, you're probably better off waiting for them to respond by email (make sure you have your session token noted down too). Support can take around 3 days to respond sometimes but they're fast at resolving problems once they're aware of them.
1448  Other / Beginners & Help / Re: new swiss crypto exchange on: April 14, 2022, 10:10:08 AM
Most people use exchanges by finding them listed on a lot of sites they trust imo.

Getting a good reputation is the only way an exchange would be able to do that. In some ways, having a software that look like they've actually been invested in and having a domain that looks like it'd be valuable on its own likely also helps.
1449  Economy / Economics / Re: The main harm of existing “Stablecoins" is uncontrolled inflation. on: April 13, 2022, 01:56:22 PM
Stablecoins need a stable demand and supply model to function and remain useful.

There are times when there has been a big divergence between the price of a stablecoin and fiat but afaik this could be mitigated by developers.buying and selling them based on dollar exchanges and having collateral for them.

I don't think inflation is considered a problem internally by economists (it's just an acknowledgement to look like they care when prices of things go up).
1450  Economy / Economics / Re: How to Improve Mining Efficiency on: April 12, 2022, 07:26:29 PM
The main obstacle for adoption right now is energy consumption and waste.
 

It really isn't.

The main obstacles are its lack of mainstream acceptance/adoption by companies, usability problems and its newness.

1. Focus all mining work on the same block by getting all miners to work for the same pool, or create a super pool that consolidates the work of all mining pools.  This would distribute block rewards most fairly but it would reduce energy consumption the least as the minimum work required for a share of the block rewards would only discourage the slowest miners from participating.  This can be adjusted though.


You want to take trustless decentralisation and make it "trustworthy centralisation"?
Mining pools don't use much energy to run, it's the miners that do.

2. Employ some kind of dice roll or rock-paper-scissor scheme to select a miner at random who then does the actual work alone.  This would greatly reduce energy consumption but it would not distribute block rewards as fairly as solution #1.  Hash power would no longer effect a miner's odds of winning so this would eliminate mining pools.


If you're not implementing some sort of pow, I'm going to get a computer and make 64^2 virtual machines and claim I want to mine, then others will start dojng the same and soon we'll get miners exclusively for making low resources VMs that use the same energy as current miners do.

3. Yet another idea is to have nodes announce their intent to mine (register) and wait their turn in a queue.  This would reduce energy consumption as much as solution #2 and it would distribute block rewards more fairly over time and it would eliminate mining pools.

This is PoS and it is already being done. If you think it's the future, just invest in a PoS coin.
1451  Bitcoin / Bitcoin Discussion / Re: what happens if miners cannot find solution? on: April 12, 2022, 07:14:10 PM
The nonce is a target set by nodes, there are many solutions to fulfill this demand realistically.

Blocks can take hours to mine sometimes but that just proves the algorithm works (I don't think one's taken more than just over 2 hours though).


There are a few things miners do to optimise finding a solution:
1. They can shuffle the order of transactions to completely change what the value of the hash is.
2. They can change other values in the transaction (the nonce in the coinbase for example, the address that gets paid out the reward or the version number).

1452  Economy / Economics / Re: Sri Lanka defaults on its $51 billion external debt on: April 12, 2022, 04:37:07 PM
I don't know if going into default is actually too bad for some countries. It sounds like their assets were being handled badly anyway if investors or their banks couldn't write off the interest payments through covid and take a break from paying it until they were back to a fully operational economy (I think almost every country overleveraged themselves to cope with the pandemic though).

Most countries should be able to survive and run themselves well without taking on debt as they'll have economies to fall back on. Sri Lanka is quite good at producing and extracting raw materials afaik so they've likely still got that part of their economy they can keep running to help build themselves back.

1453  Other / Archival / Re: Bitcoin's correlation with Nasdaq 100 reached ATH on: April 12, 2022, 04:24:21 PM
The correlation did start when an unprecedented event since high volume fast online trading was invented - it could be a temporary peg since the two had the same causation.

It'd make sense that both have an effect on each other though as people investing in big tech are probably also investing at crypto (at every level - from retail to professional).

The fact correlation is high also doesn't mean it's proportional afaik, you could probably see a similar price trend in both but with one going up/down by more - much like how a lot of tech stocks did well or badly on a bit of an arbitrary basis as they all seemed to suffer similar problems around the same time but companies like amazon were considered a much safer bet than Netflix.
1454  Bitcoin / Bitcoin Discussion / Re: BITCOIN NOW A LEGAL TENDER IN SPECIAL ECONOMIC ZONE OF HONDURAS. on: April 12, 2022, 04:16:14 PM
Perhaps this was considered an experiment by Honduras/the island. There's quite a history of counties that are between borders or ones near them to accept the currency of both sides so this is quite an interesting development (it might be newsworthy to see other counties nearest to el Salvador doing this as the El Salvador acceptance of crypto matures).
1455  Other / Archival / Re: Morningstar takes a look at the crypto industry on: April 12, 2022, 04:10:52 PM
I thought they'd been investigating it for a while? I thought m I'd heard about them before in terms of investing in bitcoin (it was probably on this board).

I think we'll only see a positive price impact if bitcoin is packaged with other assets (being added on it's own, I don't think it'd be a significant thing - especially if it's just added to give investors more choice)
1456  Other / Meta / Re: Disable Ads Option on: April 12, 2022, 07:06:56 AM
Afaik you can't disable ads until you're a hero member unless you buy a vip status.

I doubt the feature gets used much though.
1457  Other / Beginners & Help / Re: NO RISK, NO REWARD on: April 11, 2022, 07:47:40 PM
It's only half true the no risk = no reward because you have to learn how to take managed risks in investing so you don't just lose money (especially to scams).

If you don't learn the risks or how to manage and limit then then you'll end up with less of a reward than if you did full research.
1458  Economy / Economics / Re: China silk road plan to europe on: April 11, 2022, 12:46:35 PM
Moscow, St Petersberg and many places like kyiv (Ukraine) and Helsinki (Finland) were well connected to Russia by trains and roads - as soon as things got too uncomfortable for those countries the infrastructure was dismantled or barracaded to make it unusable.

A road that connected a lot of these countries probably already exists, the only issue is China can't connect their infrastructure very well in the west of their country. I think if it was actually possible for them to do it, they'd already have done it.

(most goods are already transported within Europe on trucks because the rail networks for a lot of countries (especially in Western Europe) have been incompatible from what I remember).
1459  Other / Archival / Re: The future BTC price and technical indicators on: April 11, 2022, 12:33:31 PM
There are ways to use technical formations to determine where the price might go after a breakout of a long continuation (such as bull flags - using flag poles to get a predictor).

These aren't very accurate but they are probably the most accurate way you can do it when the price hasn't ventured there already (personally, this is all I'd use).

There's a good chance the s2f ratio has not fully been invalidated yet too, bitcoin broke up for a second time through the resistance of the last and ended a few $k higher - although I don't look at s2f much it could be their prediction thst broke.
1460  Economy / Trading Discussion / Re: Is Using a Stop loss "Good" or "Bad" on: April 11, 2022, 12:23:21 PM
A stop loss is probably the safest way to trade inactively (for when you can't constantly check your notifications for example).

A lot of the time, a stop loss is placed particularly at the same place everyone else has placed there's so it can look pole manipulation purely because there's a massive wall in one place (just to give a different perspective).

It's possible to put an alert on the price you'd set as a stop loss and check the momentum as the price reaches around there to see if it breaks it.

I wouldn't like to give an estimate or my experience on doing this method though as there's a chance anyone reading this can liquidate themselves if trading badly or spend too much time trying to chase their take profit. (I wouldn't trust it much with crypto - I'd just put the stop loss higher - I have done it with forex though and it's worked well).
Pages: « 1 ... 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 [73] 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 ... 600 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!