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1841  Alternate cryptocurrencies / Altcoin Discussion / Re: Does Bounty really pay? on: February 08, 2023, 02:57:26 PM
Sometimes I find myself being added to Telegram groups where they are doing bounty campaigns for new coins but at the end of the day, people will start complaining that the project is dead. In most cases I exited from the groups immediately I find myself there because I feel they are prone to defrauding people.
This makes me to wonder if bounties really pay.
A bounty campaign taken up by a reputed member has more chances of being legit than that is taken up by some less known manager. Remember that you are trusting the manager's experience here to select a worthy project and weed out the bad ones. But in general a bounty campaign is not bound by any laws to pay its participants, they can cite a hundred reasons why they might decide to not pay and you cannot do anything about it but swallow it.

I would suggest you to change your telegram privacy settings so you are not added to random groups like that.
1842  Alternate cryptocurrencies / Altcoin Discussion / Re: Tip and Tricks about when to buy or when to sell? on: February 07, 2023, 03:10:43 PM
1- Can anyone point me to a YouTube video that teaches trading for newbie?
Dude, come on, you can search this yourself. Not just videos but articles might be there on the internet too. Specifically search the ones for the exchange that you commonly use.

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2- When the Volume is green and up, then does this mean now is the time to buy? I think this means that many people are buying and the price will probably increase. Am I right?
Volume green and going up means there is a buying pressure. It does not mean a time for buying, it indicates that buying is happening. Now you would not want to buy at the top of the cycle because you would lose money when the price goes down. The ideal buying time is when people are selling and market is in deep red zone. Because selling from that buy price at the bull market would yield maximum difference in (sell-buy) = profit

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3- How can I see the buying and selling queue?
Orderbook queues are available to see on the exchanges. Check the one you are using.
1843  Economy / Trading Discussion / Re: who would you trust? on: February 07, 2023, 03:06:27 PM
Since strategy are always changing in trading, what is the relevance of experience?
Experience teaches you that the buy low sell high strategy is the only one to follow and is going to give you good returns in a long term game.

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Who would you trust the most for trading tips,
There is no such thing as trading tips. Anyone touting the same is a scammer/opportunist attempting to fool you for something valuable.

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An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?
I only trust charts and my own judgement. Remember that your loss in this market is the gain for another trader. So why would you expect someone to help you at all?

If it is a family member who has good interests in you, then its fine. But internet weirdos giving advise is a strict no-no. To learn trading you can search on the internet and learn a lot of the basics that are needed. No need for advanced jargons because you will never be able to apply them. Follow the method I mentioned in my first line and you will profit easily over time.
1844  Alternate cryptocurrencies / Altcoin Discussion / Re: misconceptions have always been and will always be on: February 07, 2023, 03:01:45 PM
The points mentioned by the OP are all good but still there will be people taking risks with hyped projects that dont have a proper team or vision. It is because of the human nature to take risks and the high associated with it.

I think the major reason why newbie investors fall out if because they fall for this human nature, which if controlled can yield a lot of fruitful results. Imagine buying bitcoin at the lows and then selling at the high - not so difficult in real either way. This is a confirmed profit but few people actually do this properly. Rather they want the return fast of they want to buy large number of shitcoins.

Investing and trading in crypto are not easy but can be done if you are willing to play it safe.
1845  Bitcoin / Bitcoin Discussion / Re: Lost Bitcoin? on: February 06, 2023, 11:08:10 AM
If we want crypto currency to be a currency we have to keep spending right? But at the same time it's something worth keeping too since I do the same with my fiat in bank for more than 2years without touching it. Is it possible to say that Bitcoin in every wallets for the past 2years without moving are considered lost due to death or lost recovery keys? It's pretty hard to believe that anyone won't come back for their Bitcoin after 2years with no activities on the wallet.
Spending or storing crypto is a personal choice, no one made it obligatory to spend bitcoin in order to keep its status as currency instant. That would be silly to think of.

Keeping bitcoin as a store of asset is being done my many people. They will use that money when they need it. It is not that those wallets which remains inactive for a few years have seen their owners demise. It is possible but can only be speculated at this point, not proved.

Forget about getting access to keys for lost wallets, those offers are scams, trying to lure you by using your greed.
1846  Economy / Trading Discussion / Re: Share Tips For Newbie Traders on: February 06, 2023, 11:03:54 AM
As someone who has been trading for quite some time, I know how to keep myself engaged in things outside trading too. I have a job and I keep the minimum time for trading so that I am the one in control of trading and not the other way around. Since I mostly trade for long term, this process suits me. It will not suit a day trader.

If someone is wasting too much time on trading then trading is not for them. They will end up in a loss or in depression over time because of stacking losses.
1847  Alternate cryptocurrencies / Altcoin Discussion / Re: beginner in Crypto on: February 06, 2023, 11:00:56 AM
As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
Would you want to buy a stash of shitcoins or you want to buy a smaller amount of a well established asset that has been performing well for years today?

This simple reasoning will solve a lot of problems in real life too. Bitcoin even in smaller amounts is always profitable when bought at the low prices. You gradually stack up those sats into bits, not that you can buy a huge amount overnight.

Low priced coins or nfts or tokens will remain low and never actually come up. This has been the trend for years now.
1848  Alternate cryptocurrencies / Altcoin Discussion / Re: Tip and Tricks about when to buy or when to sell? on: February 06, 2023, 10:54:13 AM
You buy when the price is low and you sell when the price is high. The question remains how high or how low are you going to go? That decision is based on previous price charts.

If the price was lingering at a low and then suddenly dropped you would want to wait to see the low and buy just as it seems to recover. This is the tough part of the decision but that difficulty can be covered by buying at different levels in equal amount.

By no means so I expect a newbie to do this effectively on their first day. But watch the market and read the charts, do some dummy trading.
1849  Economy / Gambling discussion / Re: High Roller Tailing on: February 05, 2023, 05:19:58 AM
It is a game of chance after all, although one might argue that the above posted betslips are for sports which is supposed to be EV+ game. But then again how many addicted gamblers actually do research on teams and then bet? Practically less than 10% of them all.

Hence by copying someone's gambling book you are only playing in the wild and you are carrying the same risk that you would carry if you bet on your own.

However you are not alone, because it is human nature to follow someone whom they see as successful and that is they reason why social media influencers are so popular and they manage to run coercion groups so easily. You have to be mature and accept that gambling on sports needs a ton of homework and then only you might have a chance of predicting correctly, added to it the luck factor.
1850  Economy / Trading Discussion / Re: The best time to buy bitcoin. on: February 05, 2023, 05:15:21 AM
You can keep a general conclusion that stocks/bonds/commodities going down means there is a background negative event and therefore bitcoin will also go down but there is not direct relation between them. Those who short will sell on the dump to buy back at lower prices, so if the same group of investors are going in on each of these assets it might seem that bitcoin is following them.

I would say that there is no "best" time but one should buy bitcoin at the lower range of the cycle otherwise just wait it out. Like currently there is a uptrend going on, so the time to buy was before this when the bear market was going on.

Strangely, I am seeing threads talking about buying bitcoin only after the uptrend has started and not during the bear market, when intelligent investors actually do the opposite. Roll Eyes
1851  Alternate cryptocurrencies / Speculation (Altcoins) / Re: XRP - yes or no? on: February 04, 2023, 05:18:52 PM
Ripple is centralized with an unlimited supply, it is good if you are only interested in the moneytary aspects of it but bitcoin carries with it the sense of deflationary decentralization and hence the community here is biased about it. You will get a biased answer from this forum but on the global scale you could do a survey and might be a different result.

For me, the goal is to make money from trading besides the use of bitcoin, so I am not investing or supporting Ripple but I do hope its current users will see gains in future depending on how they use it. These financial companies always settle with the regulatory bodies over a few years and come to a middle ground so I dont think its users should worry about that much.
1852  Alternate cryptocurrencies / Altcoin Discussion / Re: How to profit from altcoins collapses? on: February 04, 2023, 05:09:04 PM
The opportunity to make a profit when the market drops sharply has a very low success rate.  I am also experiencing huge losses with my altcoin portfolio but I am not selling them all.  I recreate the altcoin portfolio with projects I think have potential and stack them.  Instead of my portfolio of 6 altcoins, I'll be selling those that don't have much upside based on my analysis.  Use the proceeds to buy more altcoins that I hold.  I expect one of them to thrive in the long run.
Recreating a portfolio needs a lot of work from your side. Finding projects that have potential is an easy thing to say but lack depth because most projects that are recently launched will collapse in the long run maybe even faster like the next two years. Instead focus on bitcoin and possibly the top five altcoins and not more than that.

Because the market is showing an uptrend, you might see movements in altcoins but dont let that fool you, these coins are lacking in development and they would never be as big as bitcoin is.

In the long run from my view, altcoins suck and bitcoin rocks.
1853  Bitcoin / Bitcoin Discussion / Re: Why bitcoiners are not friendly physical? on: February 04, 2023, 04:59:49 PM
Many of the community members from the "Collectibles" section have actually met physically and had a cup of coffee and good laughs. Then again recently a well known member scammed their fellow members as well from this niche group. So you cannot really trust anybody on the internet and real life. Or in other words, you have to know how to keep your money safe.

Bitcoin is not a religion, it is a currency and should be kept limited to that much as far as attachment to it is considered. Just like money everyone is trying to steal bitcoin's because of its added anonymity.

It is thus safer to transact online but then we do have fintech conferences where fellow crypto users might end up meeting.
1854  Alternate cryptocurrencies / Altcoin Discussion / Re: What Is The level of impact of FTX crash on Your portfolio? on: February 02, 2023, 11:04:17 AM
I will be wrong if am to say that the FXT exchange saga didn't affect the altcoins that I held in my portfolio. Although before the FXT exchange saga, my coins were depreciating already but the moment the FXT clash happened, many of my altcoins that I have held for long lost their value entirely despite not having an account on the FXT exchange.
Bro it's FTX, not the other way round XD

Well it does not matter if you had an account there or not. The event caused market panic and therefore a sell off which is common after any bad news. The effect of that sell off was seen on personal portfolios because all th coins being held there anyway draw their costs from the market which was crashing at that instant.

This is why I suggest people to keep the minimum amount of money in altcoins. At least bitcoin is resilient about such events with time and will hold its ground with gradually recovering over time.
1855  Economy / Trading Discussion / Re: Is it true that this AI is good for trading? on: February 02, 2023, 10:59:48 AM
I think currently the AI is being marketed a lot possibly by its owners to promote it's sale or something that has monetary benefit to its creators. We have seen bots work trades previously and you can program an AI to run a trade but what success you might get is doubtful unless you are doing a controlled study.

The correct answer to your question is that only, do a study and see for yourself. One machine to let the AI run the trading on autopilot while the other machine is run by a human for the same time on the same assets.
1856  Alternate cryptocurrencies / Altcoin Discussion / Re: why people are always interested in altcoins on: February 02, 2023, 10:52:44 AM
Because there are many opportunities for altcoins, but the risks are also great. Part of the reason I buy altcoins is that I think he will bring me profits, and part of the reason is to avoid inflation. Bitcoin is a coin that can be held for a long time without any challenges for most people. Humans are greedy by nature, and altcoins just feed them.
Only bitcoin can be trusted to be the one avoiding inflation, not any altcoin. So with that logic you should always buy Bitcoin and not altcoins. Altcoins may bring your profits over the short term but there can only be that much and not more. In the long run they are going to go down and you will suffer for your decision.

Human nature of being greedy is fed by altcoins, there is not doubt about this. But even then we have to be careful about newly launched altcoins.

Truly people are more interested in Bitcoin but fear buying it because of its large buying price to get a whole number of Bitcoin.
1857  Economy / Economics / Re: Is taking a loan/debt addicted ? on: February 01, 2023, 03:51:00 PM
Well, I have to clarify that personally I have never had any loan or debt in my life so this thread has nothing to do with my experience but intends to find out how people in loan/debt deal with the problem. Let's say you take loans from a bank and sometimes for whatever reason, you can not pay the debt on time, then you borrow money from other channels. Sure this works for a certain period but later bad things may happen, you have to postpone the payment and struggle with finances again. Isn't this a vicious circle ? How would you deal with the problem ? I am all ears.
It is a type of an addiction and there are certain people who like to take a loan instead of directly paying from their pocket even when they have enough money on them.

It is a vicious cycle unless that person takes back control in their own hands and clears off all their debts and stop this habit. I personally have seen some people who are always doing this and they dont seem to accept it as a problem - "you should do it too" is what they say when I attempt to snap them out of it.

Then there are those people who gamble with borrowed funds, that is defenitely going to go south. Their correction is through their gambling habit, not the habit of taking a loan.
1858  Alternate cryptocurrencies / Altcoin Discussion / Re: why most of airdrops don't pay participants with tokens in these days?? on: February 01, 2023, 03:47:19 PM
But sometimes they are just playing tricks on people who want to participate in the Airdrop, you should look in detail about what they are asking to collect data on you. Maybe all this is just a way to sell your data.
Dude, all they want is your data, they wont ask you to solve math problems to help with their kid's homework. After all they want to sell your data or some malicious intent that we should not talk about. Either way you are opening the risk. The more information about yourself that you give to strangers the more attack vectors they can prepare for you and one day you might end up in a bad situation causing you to lose money.

No number of airdrops justify what they are doing and besides you should not give away your data for something as low as a shitcoin that has no future. Invest in bitcoin and dont waste time on these shitdrops.
1859  Bitcoin / Bitcoin Discussion / Re: Which company will be next to accept Bitcoin? on: February 01, 2023, 03:36:03 PM
I don't think this will be happening in my stores in my country considering the hatred being shown by the government over the crypto currencies. i wonder when that time will come when bitcoin will be accepted in every store?
I am optimistic about it though, it will start from smaller stores and gradually move to bigger market places. However if some crypto project brings in more promotional ideas on spending their coin to buy grocery - then that can be another impetus to the growth of crypto locally. At present I can spend my bitcoins to buy giftcard and redeem them on a grocery app and use the wallet balance to buy my stuff, but I would like streamlined approach as we can spend fiat.

Every government will not be here forever, so have patience and optimism, good days will come but we have to remain prepared.
1860  Economy / Gambling discussion / Re: Being Lonely drives you towards Gambling....! on: January 31, 2023, 02:04:03 PM
Sorry to hear about your story but it seems to be that you have a problem and you need treatment as soon as possible. Spending money that has been kept for medical purposes on gambling means that you have developed an addiction and you need to change this habit or your family will suffer because of it.

Lonely and gambling - I dont think there is a direct causation but it can be assumed that those who gamble are more likely to be the single folk. Not every loner is a gambler though, some are very productive, so nope.

Remember that financial troubles will not end if you gamble out the money, rather you will go deeper down into losses and thus the quicker you handle this as a problem the faster you are to recover.
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