technical analysis is a useful tool for traders, but we have to consider it's limitations. Technical analysis is basically based on assumption about the past market statistics and data, without putting into consideration other external factors . So traders should not 100 percent rely on technical analysis, they should use it together with other methods of analysis.
Some of its limitations includes
1.it is based on assumptions about past market trends, gotten from the past market price and volume data
2.it is a backward tool subject to interpretation from different traders.
3.Technical analysis will not provide the full details of the market, that is putting economic and global events into consideration,
so traders should put all these factors into consideration before making an investment decisions using technical analysis.
Well, your topic centered on technical analysis. Before now I have read some comparison between technical and fundamental analysis. Later I began to read about psychological analysis. All these tools do not make 100% sense independently, as they need each other in order to make a complete sense. Whoever is an expert on technical analysis should also know a bit of the fundamental analysis and vice versa. When there is a news in the society, you will understand that the chart will start tilting towards the news in the fundamentals. This is also applicable in the order way round. But then, the power of technical analysis should not be overemphasized. The knowledge of the charts and candlesticks is very important in cryptocurrency trading. No matter its limitations, its advantages overwhelms the limitations. |
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I would like to know that if there are charges to use these bitcoin ATMs. What are those charges ?
Companies that set up ATM outlets are not charity organizations, they will never do it without the intention of making some profit from it, that is in fact the main purpose. There must be charges that constitute to profit for the service providers, the company that have installed the ATM and routinely performs maintenance on it. A centralized system is always geared towards profit making. Just like the exchanges try to increase their fees to be higher than the non custodial wallets fees. If we think logically, I think Bitcoin ATMs definitely charge somewhat higher fees due to convenience fees .
Between the P2p that you can do from your phone and from any location, do you still think that Bitcoin ATM's that you will have to go a little distance from your home to use, and may have to wait your turn to use is more convenient? Convenience you mean? Maybe you can say about security purpose. They try to pay physical security to protect the area of the ATM. |
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I was reading about some cases of people who had many BTC at a time when it has low or no value at all, and didn't care about it, so they eventually lost their security phrases, or hard wallets and now it is lost probably forever.
I've read that the amount that is considered lost can be up to 5 million BTC. That is about 1/4 of the total amount available.
Knowing that BTC has a limit, and we're getting there soon, isn't it possible to have some compensation for those lost BTC?
Something like adding more BTC in an equivalent amount for those lost BTC, or something similar.
Would it be positive for the currency or could bring some caos?
Bitcoin model is the model of scarcity. If bitcoin is abundantly available for everyone, it will definitely lose its value. Even satoshi nakamato in the white pepper addressed this issue by saying that the lost bitcoins are advantage to the Bitcoin network because it increases it scarcity status. In his words, he is of the opinion that lost bitcoins should be regarded as bitcoin sent to everyone's addresses  The bitcoin developers should and will not try to touch the 21 million fixed supply because that is the key to bitcoin success. |
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These type of advices have been heard countless time but one thing is that not everyone will adhere to the advice. Also it is important to note that it is not only when you brag about your holdings that people will know that you own some bitcoins. Merely making bitcoin related posts on social media, sticking cryptocurrency related banners in your vehicle or wearing crypto polos can also expose you. But how then can we successfully avoid all these. Satoshi Nakamato had adviced us on how to avoid these linkages by separating our individual identity from our bitcoin address. This can atleast save us in some ways. Meanwhile, it is not advisable to brag about your holdings whether it is bitcoin or money.
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Trading unnecessarily just because they have fixed number trades to done as their goal is another common mistake done by most of the day traders. They forget to add trading fee and other expenses while calculating the profits which will let the capital to drain gradually at unnoticeable rate even though the loss incurred due to this is very minimal still it's waste of time and resources that can be utilised onto something profitable.
Having a fixed number of trades to be done a day or in a week is a bad idea. Some people do not only have fixed numbers but a target of how much they will make before they stop trading for the day. Some times these targets are high to be met and it is always difficult to meet the target. One more thing is that they don't fix limit for losses before they stop trading. people become greedy when they see opportunities for greater profits. it usually happens to traders and I think almost all traders have experienced a situation like that.
even though in trading we make plans for the profits we get. but when we saw better growth potential, we changed our initial plans. and that can be good or bad. It's like you are risking profits that are already in your hands for greater profits.
People who are engulfed by greed are people who has never lost huge amount of money before. There's an amount of money you will lose and you will be very careful not to be so greedy in trading next time. |
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However, talking about regretting selling bitcoin, everyone at one time or the other will regret this.
Regret is constant when you don't follow the right procedure. Though the crypto market is very difficult to predict due to the volatility and factors that can influence the price movement, but Bitcoin is the most easiest coin to predict and aside that, the most reputable and trustworthy coin. The reason I quoted the op was the fact that he sold his Bitcoin, for a coin that doesn't have any potential for now. Just because Litecoin pumped a bit doesn't make it better than Bitcoin. Even if you choose to be specific with time, by saying Bitcoin price correction would soon take place, after the price correction come the bulls again and that is before the 5 years he Intend Litecoin ETF would get approved. Why many people regret of selling their bitcoin prematurely is not only because of the volatility of Bitcoin, another big factor to consider is ignorance. It is not everyone that is in Bitcoin that trust Bitcoin. Most of the newbies do not have any belief in Bitcoin, they just think that bitcoin is a random altcoins that will disappear any moment. Even the established members do not also have belief in Bitcoin. Myself at a point I regretted following the information of investing only what you are able to lose. Assuming I didn't follow the instruction of investing what you are able to lose, I would have been in good money by now because I have had the opportunity to invest much when bitcoin was at 15k region, but was restricted by thr rules. |
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Recently I bought around 1000 dollars of litecoin (I sold 1000 dollars of my bitcoin for it) and I've already made a 20% gain. I decided to buy more LTC by selling the 690 dollars of shib bringing the grand total of my litecoin to 2000 dollars USD. Is this bad or does LTC have a future? I've seen a lot about how LTC has a possible ETF in the far future. I am a long holder (5 years at least) btw.
I don't advise anyone to sell their Bitcoin for altcoin no matter what, most person who sold their Bitcoin in the early days have come to regret their actions, and I still think same thing will happen in the nearest future to come. So it better to hold steady and patiently besides, the ETF approval of Litecoin as you said is still very far from now, so selling Bitcoin or any other trustworthy coin to buy Litecoin that has been existing for years but don't have the capacity to be listed among the first top 10 coins. When I read the title that OP sold his Shiba for LTC, I had no issues with that. But as I opened the body of the thread, I discovered that he also sold his bitcoin to acquire LTC. What I have to say is that, I am sure LTC will be around in 5 years time, definitely OP will still be in profits. Assuming he sold it and bought some random shitcoins, i would gave been mad at him. However, talking about regretting selling bitcoin, everyone at one time or the other will regret this. |
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Currently Bitcoin is expected to have a bull run and halving in coming time as we all know it.
Now if you were to make an investment of $100 as a beginner regardless of your country and as it stands Bitcoin is experiencing a bear market (an example) after you made 5% capital.
Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?
Your thread was saying about bitcoin investment and I wanted to give my 1 cent not until I read bitcoin or altcoins trading. Actually someone who is in long term investment with $100 can just wait for bitcoin to appreciate and bounce back to profits, but this cannot be said about a day trader. And also for day trading, I think $100 is not big a capital. |
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If a member of the forum who makes a topic that they feel is important, and relevant to the board where they have posted it discovers shortly after they have made the post that their topic was moved to "off-topic" even when the topic was already creating relevant engagement, is it possible for them to contest it? or are the moderators always correct?
Anyone can be wrong including theymos. This is why issues are treated case by case. Even admitting that anyone can be wrong, it is worthy to note that moderators do not make mistakes often, especially in acting in the capacity of a moderator. In the past I have seen some big names contest with moderators in issue like this, but the moderators will win at last. For the fact that anyone can be wrong, that is why we have boards like meta and reputation |
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Don't allow the fees to stop you not to use your opportunity well to hodl some BTC that will make you great in the future because, the high fees will not remain high forever and you can see that the fees has reduced down to make some people to believe that BTC gas fees will not go higher like ETH.
Even some companies that are using BTC to do other things like paying their workers with BTC know that the fees will not remain higher, which is the reason they are not move with the recent increase of BTC transactions fees.
The Op is not saying he will not buy BTC or he is not holding it because transaction fee will be high in the future. He is just raising concern that now institutional traders can buy bitcoin, exchanges are also there, that when price of bitcoin gets so high, it might lead to network congestion that will make the transaction fees go higher. It is just that OP didn't remember that both institutional traders and exchanges also depend on the bitcoin blockchain. The larger the amount traded, the larger the fee. |
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I think the key word in your story of your relative is he ‘passed’. I don’t think any alive person would willingly give away their assets and money just to avoid some tax. Let’s be honest, There are plenty of ways billionaires do to avoid tax without having to cut on their spending or money in general.
People are just different. Some are willing to give out to charity which most of the world billionaires are doing. There are ways to avoid tax but some people wouldn't want to cut ways. Besides, there are different tax rules for different countries. While some are strict, some are flexible. Random gifting is improbable.
Someone with that much BTC can easily change country to move to Tax heaven, rather than throwing away.
If he really inclined to gift, he would most probably give it to bitcoin active development, puzzles, widespread usage and security projects.
Not many people will like to move from the country of their origins and the source of their wealth, maybe for security reasons. |
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Has anyone asked @LoyceV or @TryNinja to make a list of users with the most negative merits? Characters to add negative merits.  Those guys are Certified Shitposters , they cannot make any table or list. |
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In recent years, it seems that a lot of people have been making low-value posts just to get paid. To address this, I've added a merit "cost" to posting: from this point forward, for every 15 characters you post, you will lose one Merit point. This should eliminate any incentive to make low-value posts.
Any halfway-decent poster should be able to earn much more merit than they lose due to the penalty. But I recognize that some good posts are occasionally overlooked. So to counterbalance the penalty, I also added a system whereby you will earn a bit of merit just by reading posts. If you want to write a lot, you'd better do some reading as well!
For both the penalty and the bonus, this applies only to your merit score, and does not affect sendable merit (sMerit).
Let me know what you think of these adjustments.
Hey! Theymos got me on this one I have refreshed my system like 30 times and discovered I became a Hero member again. I checked my merits and it reduced much, I thought I opened an older tab, I had to refresh one more time and nothing changed. I went to my merit history and nothing worked there. My next move was meta, I carefully read this thread from beginning to the end without having the April fool in mind. I was going to reply to the thread telling theymos how everyone is gonna become a newbie before 7 days time. Then I read the first reply and understood today's date. I wasn't April fooled in the real life, thanks theymos for not allowing today pass me by. |
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Well if we are going to take the risks then there must be big rewards for it. To risk making your own business can be a big reward if we do it right.
But it can also make us lose all of our investment. The most wealthy people in this world did have to take risks.
But we must remember if we do take the risk we can not always get big profits from that. There is a risk we will not be successful like other people that did take risks.
That skeptism whether or not we can make fortunes from risk taking is the reason we should endeavour to only take calculated risks . You only take risk where the possibility of success is upto 70% and above. If you take risk which the success and failure percentage is 50:50, it could possibly be called gambling . I have taken so many uncalculated risks in the past and paid darely for it and that has limited me from take even risks that have high tendency for success. |
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I guess that the majority of the people in the world has got debt. Even the huge corporations, even countries and even small individuals have got their own debt. I am not into debt and I don't have mortgage nor car payments because I am avoiding them at all cost. I don't feel good when I've got obligation to pay and I have to think of it monthly for so many years. It is sucking my peace and that's why I am avoiding them. Maybe my debt is just a personal one from my loved ones and there's no string attached to it and no pressure at all. Unlike if we do it with the banks, they're going to take your collateral when you're not able to pay on time, you'll get countless reminders. So, if you can't pay the thing you want in cash, much better to save your peace and save money first.
Almost everyone at some points in time will need loans. But the difference is the purpose why the individual needs the loan. While some will need loans to start up business, some could need loan to celebrate finances birthday. No matter how insane this sounds, it happen and I have also witnessed it. Using loan to start up a small scale business is risky because the business could still die during the introduction stage. If there's anyway to save, it will be nice. Do not borrow funds to clear debts: doing that automatically makes you acquire more debts and it keeps accumulating because you won't seize to acquire outstanding debts, it would continue to go in cycles until you work hard to earn and become totally free.
This sounds crazy to me. Do people actually do this? |
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Manchester city Vs Arsenal Draw match
Actually I failed this prediction. Right from beginning I have maintained that the match between Manchester City and Arsenal will never end in draw. I was very confident that one team will win and there will be goals in the match but unfortunately my prediction didn't work out. Although I did not watch the match. It is a match that everybody looked up to but a very big international convention that I had made me to miss the match. Just this night I had a little time to check up the internet and I was surprised that the both teams shared the points. This only has just given Liverpool and added advantage to make them day champions of the English Premier League. I believe this is a gesture that the Liverpool coach will utilize to crown his exit from the Liverpool football club. 3 points above Manchester city and 2 points above Arsenal is giving the impression that Liverpool can be the champions or anyone among Liverpool, Arsenal and Manchester city can be.
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I once worked as a technician in a mobile phone company before I became the manager. I would have to clear someone's phone memory, fix minor issues and charge for them. Some of these are what the people can do for themselves, but they lacked the confidence to do so. So, since their mind has already concluded that they cannot do it, it will look as if their brains are formatted not to understand anything again. When you have the knowledge, you will not know how important it is until you see someone else monitizing it.
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Why do you need bulk pm to everyone when you already created a poll for that purpose. All you need do is make the thread have more engagement by arranging it well and inviting some more hands to join the poll. But of what importance is this idea that will warrant the forum admin to disturb the peace of all the users of the forum to get answers. |
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I know this forum seems way behind the times in many aspects, but I hate it when I go to some mainsteam-y media site and there's some kind of video that starts playing. No doubt there could be an option to not autoplay videos, but I'd just rather not see bitcointalk go that route--and it sounds like Theymos isn't leaning in that direction based on his response.
That compromise solution he offered up, the one with an icon to click, might not be a bad idea. It hasn't escaped me that a lot of the younger generation prefer watching videos to reading, so it's probably not a bad idea for the forum to take a baby step out of the stone age. And hey, I used to watch a lot of crypto videos and would probably find specially-marked links to them useful.
While someone has a problem of watching videos in the forum. Myself I sometimes wish to communicate here using a voice note, especially when I do not want to type much. I would be happy if that is added than video. On a second, many people here do not have English as their first language which makes it difficult to make connected sentences. Let's assume audio is added, with poor English and different ascents, it's gonna be a nightmare...LOL |
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Hi, guys!
I'm absolutely new to this forum and don’t know a lot about how things work here, but I'm really curious to find out. Recently, I noticed a lot of signatures under the messages of certain users and I want to find out: is it possible for me to use them freely (in case if I will make them by myself)? Do I need to pay extra charges to BitcoinTalk for this signature? Will I face any restrictions regarding using this signature?
Signature space, personal text and avatar are your personal spaces, you can decide to use it promote your personal project, you may decide to rent them out and get paid for it. You can also decide to promote another person's project for free with your spaces. But as others have said, you should ensure to promote only projects that are promotable here, which are not scams also. I have to also note that I have seen people who tend to project a project with only their profile and I will keep thinking that if that one signature generates the lead they need or maybe it is for mere awareness of the brand. |
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