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1701  Economy / Exchanges / Re: Who knows a platform with ALCM function? on: January 14, 2022, 11:15:06 AM
Additionally, looks for exchanges that allow for cross margin as this will work the same sort of thing (but be careful with that).


Edit: also be careful to not just chase the price as I think there are quite a few newbie traders who try to or think it might be useful.
1702  Economy / Computer hardware / Re: Mining machine purchase on: January 14, 2022, 08:58:41 AM
What are you looking to mine?

If you're interested in bitcoin I'd suggest looking at sites like bitmain and bitfury for full/powerful server solutions (there are other makes too). If you're just looking to dip your toes into mining you could look at gekkoscience products or check the gpu on your computer (if you have one) to see if it's capable of mining any coins.
1703  Economy / Trading Discussion / Re: Are new generation of investors more into gambling? on: January 14, 2022, 08:38:57 AM
I got curious about this topic and decided to start programming something.

I made a simple program that randomly chose whether to long or short based on historic data, tp and sl were set at 1% of the price and I assumed 10x leverage.

Over a period of 1400 trades, in a few different markets (trading only when no position is open and checked every four hours), the greatest loss I found was around 14%.

I didn't make this a topic because I wasn't sure how accurate my code was but I don't think I'd call that gambling (and it looked quite a risky strategy too - as an extra note I didn't include fees).
1704  Other / Beginners & Help / Re: Bitcoin vs Altcoin environment on: January 14, 2022, 08:32:43 AM
I like etherem as well and I have some.
However,  nobody really  knows what will eth be in the future.


I think eth also has one of the largest crypto communities (after bitcoin and crypto in general) which means it or a version of it will likely stay with us for a long time.

I saw an interview with antonopoulos recently,  where he was talking about it.

What will eth be? Ico, nft, defi, tokens? Everything is changing too fast and the goals are not clear. Now meta shows up, will eth be part of it?


Everything changes very often too with eth and I don't think some of the old parts of it lose out (icos aren't completely dead yet, and even when they are I can imagine some sort of initial exchange offering being set up instead for some coins - if people want them, they'll buy).

There's also going to be a lot of changes with the fundamentals of eth as to how it's mined and there may be differences with how the chain is stored too for a more decentralised approach.

1705  Economy / Trading Discussion / Re: Want To Ask - Crypto Arbitrage Scanner on: January 13, 2022, 07:45:14 PM

Finally, the levels of liquidity determine the amount of risk and often the price differences between platforms with high liquidity are low.

I've seen sites have a large spread on some pairs too (linking with liquidity) and it's because some of the non kyc exchanges randomly block withdrawals of certain currencies/tokens or sometimes just send them into maintenance and don't bring them back for a long time.
1706  Economy / Gambling discussion / Re: Is there any website without a dispute here? on: January 13, 2022, 07:40:53 PM
It's a bit of a problematic industry for both the users and the casino.

Both are pretty anonymous and could do a lot of random stuff if they wanted to. There's definitely varying levels of trustworthiness (some places have really poor rep overall and other just have a few interface issues or accusations of salts changing which might be hard to prove). I'm also not sure how this stuff is proven on reputed and licensed casinos unless an ombudsman gambles with them every so often to see if there's a blatant problem - I guess normal casinos don't have provably fair too and that does quite well to gain trust even if most aren't fully blockchain based.
1707  Bitcoin / Bitcoin Discussion / Re: Tonga to copy El Salvador’s bill making Bitcoin legal tender, says former MP on: January 13, 2022, 07:26:51 PM
If it does take until November to be adopted then we mightve seen another crash and a rethink by then.

Realistically a crash might be a good thing, especially because the fees will be lower so the residents there can test out the network better and send transactions through it for cheaper.

It'll still likely take a long time for both countries to fully accept bitcoin too (I haven't seen a time estimate on anything to do with that too - for example getting banks to accept cryptos). .
1708  Other / Beginners & Help / Re: Bitcoin vs Altcoin environment on: January 13, 2022, 06:55:21 AM
I think the altcoins being scams is just something a few bitcoin enthusiasts have (and it's probably not many of them either).

Bitcoin is the most proven fully decentralised and secure cryptocurrency but a lot of the other coins do serve a purpose in their own way.

I've met people that are very interested in other coins too (a few who exclusively like ethereum for example). Most altcoins are kinda experimental though too (so is bitcoin to an extent, but a lot of people have heard about bitcoin so its name carries value) but it does mean that you'd be taking quite a lot of risk trying to hold altcoins imo for a long time if you intend to just come back to your portfolio at a later date.
1709  Economy / Economics / Re: If crypto trades are done off-chain, they are not real. The Economics of CEX's. on: January 11, 2022, 08:59:28 PM
I think it sounds like some DeFi propaganda. But few people are going to pay $100 in gas fees to trade some crypto, regardless if they are long-term investors or daytraders, plus there's no way to use fiat money with DeFi, and stablecoins don't count, because people want to get money in their bank account in the end. So DeFi can't be a serious competitor for centralized exchanges.

I'm not certain on this (as it mightve been a time based thing) but I realised it was cheaper to wrap coins into a contract on the phantom network (I think, from eth) and exchange them there - that did seem quite drastic it was something like $80 to wrap and unwrap (and essentially free to exchange) or $120 to use uniswap - there are projects trying to bring this to dexes which should make things cheaper provided they're arbitraged correctly.

"Bittrex, Poloniex Added to Lawsuit Claiming Tether Manipulated Bitcoin Market"
https://www.coindesk.com/markets/2020/06/04/bittrex-poloniex-added-to-lawsuit-claiming-tether-manipulated-bitcoin-market/

"Tether Accused of ‘Unlawful and Deceptive’ Practice in New Class-Action Lawsuit"
https://decrypt.co/88250/tether-accused-unlawful-deceptive-practice-class-action-lawsuit

Your problem is with an asset and a few exchanges? I don't even think coinbase allow usdt on their exchange (I think usdc might have some sort of backing) and it probably doesn't matter as these types of centralised stable coins will probably be phased out and it might be in an exchanges interest to adopt them - like many seem to have adopted wbtc.
1710  Economy / Economics / Re: If crypto trades are done off-chain, they are not real. The Economics of CEX's. on: January 11, 2022, 03:03:23 PM
I think you're making an attack a bit too far. Centralised exchanges have to remain competitive with each other as its easy to just move funds/exchanges if some have better or worse rates for what you want.

The exchange has an order book behind it too. Some of the trades may be being done by the exchange but this could still happen on dexes (just one large individual - the exchange still has to fund/compensate these movements in a cex imo).
1711  Bitcoin / Bitcoin Technical Support / Re: is bitcoin fee different for single and multi transactions ? on: January 11, 2022, 08:52:13 AM
I think you're a bit confused.

I think the 0.001 and 0.01 are probably the threshold/limit that you can use to determine when the pool automatically processes a withdraw and that's it.

Secondly, fee is based on how long you want something to confirm (send successfully/completely). If you want a fast confirm, set a higher fee, if you don't care then it doesn't matter. Your pool probably batches transactions and sets their own fees for this anyway. Wallet software normally also provide information on how long you need to wait based on the fee you set.

Each block is an average of 10 minutes so you won't get a confirmation in less time than that, I'd recommend for a slower/lower priority transaction you still want to confirm to use a fee for anywhere form 10-25 blocks.

Your funds are stored in blocks on the blockchain (blocks contain many other people's transactions too), your ability to spend them is stored in your wallet file as private keys.
1712  Other / Meta / Re: Ban request for user: franky1 on: January 11, 2022, 07:29:54 AM
Did you message franky when you made this topic? That'd probably have been a better way to go about this if you didn't.

Also banning people for their views is something I don't think this forum has engaged with and probably shouldn't. It's up for users to discuss others views, not just an "I don't like them: smite".

then jackG then did the same mentioning LN

There are many suggestions for improving throughput and speed already that haven't been adopted (and some throughput work seems to be in the pipeline too, things just take a while for the bitcoin devs to adopt.

I also remember receiving similar complaints when I used to suggest litecoin for its speed and low fees. Both are things that rely on blockchain technology and are usable and testable now, we don't have to wait for a 2 year roadmap from the bitcoin devs to test out certain parts of the flexibility of crypto and blockchain (this is not an attack on the devs, it's a mention that picking something less proven but testable can be used elsewhere). I don't think I fully agree with the centralised vision for the LN too but I'd expect there to be decentralised solutions/communities that spring from it.

The idea that bitcoin and altcoins are separate is not one that needs to continue, as I've said before, if everything's open source bitcoin can adopt the strangths of other coins anyway.
1713  Economy / Economics / Re: Is PayPal plannning to Launch of Own Stablecoin? on: January 10, 2022, 10:34:29 AM
I don't know if I'd take these ideas seriously, especially from PayPal.

Assuming it's still owned by eBay, its probably just trying to get some demand on ebay stocks (since they just seem to fall relative to their profits).

Also, I don't know if anyone uses PayPal for any other reason than it being useful for not putting in card details when paying for stuff, if you instead have to bother to sign a transaction or do something fancier then why would anyone bother?

All this being said, a centralised organisation controlling a cryptocurrency might make it more forgiving from scams and accidental mistakes (eg sending to addresses spelt wrong).
1714  Economy / Trading Discussion / Re: I'm curious about the kimchi premium. on: January 10, 2022, 07:58:32 AM
A lot of people use arbitrage for this and normally hhold the same funds on multiple exchanges to make this possible/not too costly in fees.

While it is/has been possible to make a profit from it, there's less profit to be made in bull markets normally (especially due to the higher price volumes) so it's obviously something to look into but might not be the best/good for a while...
1715  Economy / Trading Discussion / Re: Want To Ask - Crypto Arbitrage Scanner on: January 10, 2022, 02:14:39 AM
As something to mention, thus is a known scam trend. If anyone DMs you and asks you to part with funds or jpi. A group then it's probably a scam.

These bots are probably either hard to find or everywhere though and there are trading bots for standard trading strategies that work on crypto exchanges so...
1716  Bitcoin / Bitcoin Discussion / Re: Do you think an email from a university in London to Portugal could be lost? on: January 10, 2022, 01:44:43 AM
I don't think emails are encrypted so someone somewhere might have a copy of it but that might be quite unlikely and no one will know where to start with getting access to that afaik.

If MI departments started allowing people to access their emails, we'd probably get encrypted emails and those departments would lose some power...
1717  Other / Beginners & Help / Re: Tracking Balance And Transaction with Coin Address? on: January 10, 2022, 01:36:12 AM
Trezor and ledger both have support in the mycelium app where you can check bitcoin addresses and balance.

It's possible to use a block explorer like blockchair to check for balances and transactions in bitcoin addresses and a few altcoins like ltc and eth.

Waves also have their own explorer too: https://wavesexplorer.com/
1718  Other / Meta / Re: Primedice's posts deletion on: January 08, 2022, 03:44:13 AM
A reason I'd probably suggest is that the thread is being bumped by multiple site employees throughout the day (if this is the case then you should probably expect your posts will be deleted).
1719  Economy / Speculation / Re: Will Bitcoin Price Enter the $30k Area? on: January 07, 2022, 05:54:10 PM
I'd check what's happened before if you think this'll go on for long...

There was a third pull back in 2017 that was met with the start of an exponential run off which could always happen again...

I don't think the low 30s are that reachable though.
1720  Economy / Economics / Re: The crisis in Kazakhstan. Entering the occupation troops. Impact on the crypto on: January 07, 2022, 04:09:56 PM
Is this not just a Russian invasion?

Kinda seems like a:
1. Plant insurgents
2. Get insurgents to start a protest, then a riot and then test how easy the government is to overthrow
3. If 2 didn't work, sleep on it and try to destabalise when you get another idea.
3. If 2 did work, start ivasion with more troops.

Russia is probably still annoyed its intentions to invade Ukraine were kinda quashed by the EU and US.
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