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181  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Huobi vs BNB on: July 24, 2019, 06:44:12 AM
I won't say Houbi is bad but it's not like BNB. If I compare between BNB and HT, I will say BNB flying with full speed and HT trying to create a flying machine to fly. I think HT can't beat BNB at all.
We may not have knowledge of what may happen in future and that is why predicting what will happen to Huobi in future we can not really tell now. Binance has established itself in the mind of many traders and investors and since March or April when it was hacked, instead of binance to follow the part of other exchanges that has the same experience by closing down putting the sites under maintenance, BInance take a strong bullish trend that now place it among the most performed coins of 2019. Huobi on the other hand is growing and in future it might compete with binance coin with strong competition.
182  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Binance Reign is nowhere near its end! on: July 23, 2019, 06:55:40 PM
Binance is really doing something amazing that's making them take the lead always;

* (Entrepreneurship-focused) They try new things always- Binance tries to bring surprises each time, trying new platforms, bringing new products whereas most of the competitors are stuck or wait for Binance to do and then copy which always leaves them steps behind

* Binance isn't acting greedy- Ideally, Binance has been one of the exchanges taking things pace by pace.. just look at te number of IEOs a month, and their maximum sales cap as well, the number of normal token listing a month, the trading fees, etc. In fact, Binance could issue as many IEOs as they want and it'll all be sold out, or even list as many tokens as they wish but they're taking steps carefully and not trying to be "greedy"

They've won many hearts already- Binance can be considered as one of the loved exchanges in the space.

Aside these are the numerous advantages of trading at Binance.

Even though many people see Binance as trying to monopolize the space, I see it as they're thinking as entrepreneurs whereas their competitors are "sleeping." And with that, they'll really reign for long.
Binance is now dominating cryptocurrency market and I believe currently there is no one you asked about cryptocurrency exchanges that the first exchange they will mention is not binance. They are currently expanding into other countries that we thought they will never be able to go and a lot of innovation are been introduced daily. I strongly believe that binance is going to be the future of cryptocurrency exchanges platforms and its going to dominate the exchanges market the way bitcoin is dominating cryptocurrency market now.
183  Economy / Speculation / Re: Bitcoin is way down today on: July 23, 2019, 05:04:10 PM
Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?

In my opinion, the best way to protect your Bitcoin worth in dollars is to convert it to USDT any time you think bitcoin market value is high then convert it back to Bitcoin if the price depreciate you will at the end of the day gain more Bitcoin which you can hold pending when its market value appreciate again.
Converting your Bitcoin or swapping it to USD or any of the stable coin is one of the best ways to hedge now unlike before that we were swapping to some of the popular altcoins that there price were a bit stable during price volatility in bitcoin pricing. Before coins like litecoin and ripple were a bit slow in following bitcoin when it is going up or down but it seems things have changed and some of them react to bitcoin fast now than before. The safest way is to keep holding and no matter the price if you are patients you will see bitcoin recovery.
184  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 2019: Which coin is the most profitable? on: July 23, 2019, 08:09:34 AM
For us to measure the performance of altcoins for this year we have to wait till December before been able to analyze there performance for the year. However, for now among my portfolio, bnb has outperformed them and I will said bnb is one of the best performed coins this year. The number two is litecoin, for those that were able to buy litecoin in January when it was around $32 and hold till this month when it went to $146, they must have made good profits especially when big capital was put in. I only invest in good and old coins, therefore, I don't know new and shitcoin that has performed well this year.
185  Economy / Speculation / Re: Bitcoin dominance hits 60%, alts lagging behind on: July 23, 2019, 07:33:15 AM
60% is nothing. Prior to 2017 70%+ dominance for bitcoin was the norm. Things are correcting to the way they were prior to the 2017 pump.
Many of the altcoins we have now are not going to recover this year and investors out of fluctuations are selling or flipping their altcoins holding to Bitcoin and normally during the bullish market like this funds do flow from fiat to Bitcoin and from bitcoin to other coins but the situation is quite different this time around. Bitcoin is retaining majority of the funds that flow to cryptocurrency market.. Bitcoin dominant keep increasing since the beginning of April this year and it is growing to the level that was not there before.
186  Economy / Speculation / Re: Bitcoin price, am I right? on: July 23, 2019, 06:47:02 AM
I’m new to crypto world, still learning and there’re lots of things I couldn’t understand yet. Following is one of that,

It’s saying something like the Bitcoin price decides by the demand. As I was understood, when more people buy Bitcoins, the Bitcoin price rises and wise versa.

Before asking the next part of the question, I need to know that, is what I was understood right?
Whenever people or investors invest into bitcoin the price go up and when funds are flow from bitcoin to usd or any other currency it means bitcoin is bearish. The inflow and outflow of funds is still subject to the economic laws of demand and supply of money. However to make it easier expert has developed many economical and technical indicators that predict the inflow and outflow of money for those that want to invest in any of the assets and it is good now that you are new to develop strong desire to learn how this market works before investing.
187  Economy / Speculation / Re: Will Bitcoin Reach $100,000? on: July 22, 2019, 02:27:19 PM
The price of 100k is a high price and I think the next 10 years bitcoin has not been able to reach the price of 100k, and I still doubt the price is that high.
Compared to the number of Bitcoin that will ever be mine, I see the current price as been seriously undervalued and bitcoin price at $100,000 is not over price and it is very possible for that to happen in the next year when Bitcoin will be halving. There is a lot of great expectations on this and the more it becomes harder for people or miners to mine Bitcoin the high it price grow. In 10 years to come, we should be seeing bitcoin above $500,000 and not $100,000! Since the world financial power started recognized Bitcoin we should expect it to grow in pricing very soon!
188  Alternate cryptocurrencies / Altcoin Discussion / Re: Be careful of alts you hodl on: July 22, 2019, 09:08:28 AM
I was just looking at the coinmarketcap table since 2013, I was surprised in what I saw, many coins topping the charts then are now almost non-existent, we need to be careful of the kind of coins we hodl especially for long term. Most of these projects just die after the initial hype.
Holding some of these coins or tokens we have is take a very high risk because some of them  are not going to survive in the long term and keep holding them is going to  make you lose the whole of your investments on those coins. I remember that I invested in a coins in 2017 during the cryptocurrency boom. Today the project is dead and when it was listed in the market if I sold then I could have made huge profits then. Bitcoin and some few coins  are going to survive especially when the libra coin hit the market and that means you will lose if you hold till those coins became valueless.
189  Economy / Trading Discussion / Re: What is the most important lesson you have learned in trading. on: July 22, 2019, 07:44:32 AM
I learned that trading isn't made for me. I don't have the patient to hold coins longer then a few weeks. I also experienced that when i bought coins, it went down and after i sold some they went up. So after admitting I wasn't a good trader I just stopped it. Maybe I will try it next year. Maybe I got some more patient.
Trading successfully,  depend on your skills and how patients you have about trading. I have read this several time and people saying "that whenever their sell the market do going up and when their holding the market do go down"! The solution to  that type of happening is to become patience when you have decided to hold. The reason why we do sell when bitcoin or any coins is going against our position is because the price most get down or up a little before taking a new direction. You most be ready to take risk and that risk is to help you maintain your stability before the market take a directions to your favour.
190  Economy / Economics / Re: Top Three Emotions to Check to Succeed! on: July 22, 2019, 07:00:25 AM
Most often, we fail because of our emotions.

When emotions get the better of us, our reason is going to be blinded. When sound reason is blinded by emotions, expect things to end up exactly the way we do not want.

And so here are the top three emotions we should learn to check always.

GREED- It is always best to sell at the highest price and buy at the lowest. But that is very hard to achieve. So stick to your TA or target selling price and be contented with your profit. Greedy people would always adjust their sell order price when they see the green candles continuously rising. Their ask price gets higher and higher until it is not filled anymore. The price then begins to go down low. The greedy person waits for it to rise back to take back the lost potential profit. And you know how this will end. The lost potential profit balloons until no profit is to be taken. In trying to gain every cent or sat, nothing is gained at all. This is also true to setting buy order.

FEAR- Never sell or buy out of fear. A lot of fearful people buy during the bull run, fearing of missing out or FOMO. What usually happens is that the price will correct or retrace after a bull run. Here comes the fearful, just got FOMOed, fearing again of losing big or even thinking his coin is going to die. The ending is obvious. While he tries to be positive and wait for a little while, he is already shaking. He ends up deciding to sell at a much lower price, losing big. And by the time the correction is through and another long green is about to take place, he gets FOMOed again. This is going to become a cycle until enlightenment comes.  Grin

CONFIDENCE- Too much confidence will definitely kill you. We have to remember that despite our brilliance in analyzing charts, the prices of cryptocurrencies remain highly unpredictable. Sometimes, or perhaps oftentimes, even expert traders differ greatly in their Technical Analyses (TA). Moreover, even if we have a good source of still-to-be-released news, we cannot fully expect that the prices will always follow. FUDs may not cause a red. Good news may not result in green either.



Admittedly, I am also struggling. But I guess we really need to control them. What do you think?


I got an experienced last week and I still feel bad about my lose. On Monday I make around $300 by hedge when I see negative news about bitcoin and I thought that the strategy work only to find out that in a second thing began to change and I lost all the gain I have made when almost all the indicators were showing that price is going downward. I see that over confidence actually makes us lose money and as such setting stop lose will help in cutting ours loses not to run too far.
191  Economy / Gambling discussion / Re: Impossibility of a gambling system (Why methods don't work) on: July 21, 2019, 02:56:08 PM
And that is why martingale is not really effective, as the longer you play with this system the odds grow overtime. If you employ strategy and have successes in the beginning, before get out and exit while you can and don't feel confident that you have caught the 'holy grail' of strategies. Control is the key is you wanted to win using martingale (or any variations of it).
I agree with op that there is no any gambling strategies that really works and we do need strong understanding of this fact in other not to continue thinking that we are going to hit it big through one secret that only us know and others did not know. The martingale strategy you mentioned did not work and it makes me lose huge amount of money about three weeks ago when I tried to test it for the first time. I conclude within myself that there is no secret that works but only luck that may makes you to win in gambling and that means gambling is for fun and not hit big.
192  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Binance Reign is nowhere near its end! on: July 21, 2019, 06:42:42 AM
Any business entity including exchanges who has innovative and brilliant ideas has significant advantages over their competitors that is why Binance has overshadowed all the other leading exchanges and continuous to be the leader on this field.

Innovation has been one of the focus of binance exchanges and that is why we see them leading. The progress binance has made so far is a sign that it has a good team and the team remains together and I will advise those exchanges breaking and creating forks up and down especially the dex to work together like binance team are doing in other to achieve great success in future. Binance has left many of the old exchanges behind in term of market capitalisation and volume. I have to transfer my trading account to binance because the exchange I am used has no volume to sustain the way I want to trade but binance has a lot of volume.
193  Economy / Gambling discussion / Re: A new kind of scam in telegram using gambling site on: July 20, 2019, 06:33:04 PM
Would be nice to know what the exactly the name is of that Gambling site.
And if they have some kind of Users here on Bitcointalk too ,
and we can ask about the things or if there is a proof of that , we can tagg them or create a Flag to the Account.


i think its useless to tag them because they can always create another group or site to scam people again and again  . its no use to warn people because there are still hard headed people that will risk even if they already the know that the group or the site is risky  . its thier fault and we cant do anything about it  . scams and frauds can be easily detected if you are a wise and smart person  ,  i have been in the space for along time but i never got scammed  .
You must  have a free mind and that is why you have never be scam in cryptocurrency maybe through investing into a scam icos or into projects that the developers absolutely abandon! I have lose money in investing and I don’t think it deals with smartness or dullness but about risk. Remember that scammers are always smarter than any one and they know how to manipulate people’s mind.
In The area of tagging the scammers with reg or neg trust I think this forum fight many scammers through that and even though they are opening a new account we have see that if those accounts are find out the dt member do negative trust them too. 
194  Economy / Trading Discussion / Re: What is the most important lesson you have learned in trading. on: July 20, 2019, 08:49:28 AM
the most important lesson I've learnt is to never trust those who tell me which altcoin is "hot" right now and also to never bag hold any altcoin for more than their pump can last. for most coins that I trade it is as short as a day since that is how long pumpers are going to pump that coin but it can go as big as a week mainly for bigger coins that don't get dumped that easily but get dumped all the same.
this shaped up my overall strategy. I accumulate bitcoin (long term investment) while short term trade altcoins to increase the number of bitcoins I own.
That is a great lesson you have learned! I have see this also in some of the ico I invested in. Some of them has the best rating in some of the rating sites and huge funds raised and on social media, we do have the promotion of them but at the end, if you invest in them you will find out that it does not worth to be invested in. There are many tokens that have lost over 97% of ico price and sometimes I do ask myself if people really put in funds into those projects or I was the only one that has been deceiving in.
195  Economy / Trading Discussion / What is the most important lesson you have learned in trading. on: July 20, 2019, 07:42:46 AM
I have been in forex and stock market for more than 10 years and I have learned a lot of things and I am trying to unlearn many things in other to focus on the one that works. Many people do keep a trading journal but I have never done that. I only write done my trading plan and strategies. In 2017, I came into cryptocurrency trading and tried to abandon the forex and stock trading and though there look similar I see some differences in stability and volatility. Cryptocurrency is volatile and in a few minutes, you can lose all your capital or miss a great opportunity.  the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.
196  Bitcoin / Bitcoin Discussion / Re: BTC vs USD - Which one is better? on: July 19, 2019, 07:00:30 PM
I think bitcoin is the best option between, U$D Banks full of interest just want to take our money in a legal and easy way kk



I will not compared the two and USA was one time the best currency in the world. Everything we have now or we would have in future has it time and time will come when human beings that are praising bitcoin now will start to speak evil of it the way we are now calling USA "as a bank desired to take our money in a way that is legal". I have tell several people that "bitcojn is not out to wipe out the fiat system that we think are obsolete but and end to an era and a beginning of how we see and used money".
197  Alternate cryptocurrencies / Speculation (Altcoins) / Re: LTC halving on: July 19, 2019, 06:03:54 PM
I suspect any price gains for LTC in the mid term related to the halving are already baked in. Maybe we'll get a tiny bump at the halving but I expect more of a dump around that time.
I have to be sincere @bkbirge, litecoin is going to get pump in August. The coin is seriously in the eyes of investors and if you see yesterday pump that happen? You will agree with me that bitcoin gains more than every other altcoins and it was leading other coins in profit yesterday. The halving will favor holders more than traders and that is why people have started gathering litecoin before August. If you don't want to be left out then now should be the best time to buy as we come close to the end of July 2019.
198  Economy / Trading Discussion / Re: Trading with crypto or fiats? the right one? Your experience? on: July 19, 2019, 08:46:47 AM
I have traded in forex or fiat for seven years and to some extent, it is stable than cryptocurrency except you have to be highly intelligent and knowledgeable in the things that affect both the country of the currencies you are trading. Forex or fiat trading has a large market that run in trillion of dollars and comparing it with the market (cryptocurrency market) that is just around $300,000,000,000 will not add up in terms of volatile and stability. Bitcoin trading has given more profits than fiat trading but it is a very highly risky market.
199  Economy / Trading Discussion / Re: Btc dump. It is time for some alts to recover against BTC on: July 18, 2019, 02:15:40 PM
I am seeing btc can dump to as low as $7700 level. I think it is not the end of BTC bull run but as BTC dominance so high and alts bleeding from January against BTC i think it is time now for some alts to recover.

XRP went down from 10000 sat to as low as 2800 sat. My bet goes to XRP this time and I think can recover to 4500 - 6000 sat area.
Altciins are in the green this afternoon when bitcoin is in red and it is a sign that some of them have started recovery against bitcoin! I said in this forum about two weeks ago that "if altcoins are going to recover it has to be when bitcoin is dumping" and that is what we are seeing happening now. I believe for this days that bitcoin is making corrections it is better to convert it to some of the altcoins that we knew are going to recovered.
200  Alternate cryptocurrencies / Speculation (Altcoins) / Re: This Shows You When The Altcoin Season Starts! (Probably)! on: July 18, 2019, 10:08:26 AM
Very nice analysis and chart but it is very hard to believe that altcoins market will pick up as it has been happening this time around. Many interests are coming into cryptocurrency and that interest is strong indications that most of the coins we have in the market may not recover and that affect the "altcoins season" we are expecting. Bitcoin dominant keep increase day in day out and funds that flow into it do come from the altcoins market especially selling with the belief that some of the coins have been abandon by founders and in future there may die!
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