That does not seem to be a problem. In my opinion, the current situation in the US economy needs to improve and the IRS should start lowering the interest rate before a spot ETF can provide a large volume of institutional liquidity to the crypto market. Until then, spot ETFs are definitely not a game changer. |
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To be honest, I see not so much point in using TRX at all. There is almost no projects on its blockchain and its only benefit is that significant amount of USDT is allocated there. That happened only because previously it was the only way of sending stablecoins with a low transaction fee. Now we got lots of decent blockchains where we can use USDT along with many other coins and send them into some DeFi protocols. Therefore, even the USDT allocation on TRX is declining and the coin is loosing its main benefit.
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Since 2017, whenever I've got my adblock off and google for Electrum official website it shows me a phishing link in the ads on top of the search page and no one gives a shit about the reports. So it is kinda doubtful if Google is my friend at the moment.
Currently, I'm even using AI tools for the search (perplexity is one of the favorite ones) and this is so much better than the usual google search.
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5. Flexibility in Strategies
Not sure if I interpreted this correctly, but anything to do with jumping from one strategy to another just shows that one hasn't polished the strategy one is currently using and this is a sign of gambling and experiments! Otherwise I am leaning towards the technical analysis side of things and the only time I get to use fundamental analysis is when news is coming out and I stay away from the matkets as the volatility is high during these times. What are the benefits of combining fundamental and technical analysis? The only benefit I can think of when combining the 2 strategies is them acting as a confluence , though technical analysis will always be a step ahead  Both fundamental and tech analysis are not strategies by themselves. It is just different ways of getting and interpreting market data while the trading strategy may combine not only both of them but also include sentiment analysis or any other things you want to use (even tarot cards if you want). IMO, there is no other way rather than combining multiple types of analysis if you want to trade successfully on a distance. None of the professional traders is sticking to a single type of analysis. |
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Because 99% of the people saying that the "whales are manipulating the markets" has no basis at all and are just saying that so they have someone to blame for their bad trades.
Also, do we even have proof of a hedge fund shorting bitcoin with huge amounts of money?
It fully depends on what people understand as manipulation. For many coins (and especially alts) the majority of trading volume is coming from market makers who is using MM bots in order to keep the price in specified range and making buy and sell walls which normal traders are unable to break. Also, the support and resistance is usually broken on very large trade volumes which also indicates that major price changes are happening due to whale orders. And yes, some of the market makers are hunting stop losses. This is why it is better to set a larger SL if you trade altcoin futures. But generally, this is not a big problem. |
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Damn, I find it so funny this bullshit thread was translated into 13 languages. The arguments are incredibly dumb. And the the thread itself is so huge that I am impressed of the amount of work that has been done to make such a huge piece of shit. but we should also ask these organizations on how effective have they been maintaining their websites security network, what attention are they giving it, how much do they spend in assuring this security measures.
You really expect to get the answer? Organizations can't publicly discuss the details on their security system as it is actually exposing it to hackers. Your funds are safu and this is it. |
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MicroStrategy 158k vs Chinese 194k
Microstrategy is a company that employs 2,000 people and built its recognition on investing in bitcoin, but before that it generated practically no profits. China is a country with 1.4 billion citizens and a GDP of $17T Microstrategy is one of the world's largest BTC whales. But anyway, I see not much reasons to compare the company with the government. Both own the large amount of BTC and this is all I need to know in regards to the crypto market. All they need is a good arbitrage trader.
With no funds? Or you want them to buy shit tons of BTC on spot once they going to launch an exchange? |
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Chinese government is actually a crypto whale. This article is pretty old but it claims that chinese government owns 194k of BTC... Thats 1% of supply. Its nowhere close to be a "crypto whale". MicroStrategy - a single company with average recognition (before investing in BTC) and average financial situation - owns 150k. The US has more bitcoins - "As of August 25, 2023, the US government owns 205,515 bitcoins". definitely the amount of bitcoins they officially have is not a justification for why they started supporting crypto. They don't actually need to own the entire supply. But if they launch their own crypto exchange or any other crypto service which will be used across the china then they gonna need to keep lots of money in crypto in order to provide the liquidity for the freshly created market. I'm not saying this is exactly how it gonna work, but this is just an option that gives a reasonable explanation of how China is going to use its stash. Thats 1% of supply. Its nowhere close to be a "crypto whale". MicroStrategy - a single company with average recognition (before investing in BTC) and average financial situation - owns 150k.
This actually proves as China is a crypto whale. MicroStrategy 158k vs Chinese 194k |
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Yet another p2e game.
In blockchain gaming everything depends on the hype, marketing and partnerships. Games are not becoming popular just because they exist. And even during the bull cycle such projects require huge funds for marketing but since this is a 18+ game it will be even more expensive and you can't use most of the popular promotion channels.
You still got a long way to go if you are going to release and maintain this game.
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Well, if we apply technical analysis to the chart then we can say we are approaching a significant resistance level. We may hope the resistance would not be broken and the amount of filings will bounce back. And for the time being, the US economy is doing pretty well. Therefore, if the number of filings don't go further, we may say that we are close to the bottom of the downtrend and within the next year we should see a reversal.
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If I were to guess — since it doesn't make sense for such a 'controlling' country to be interested in a currency they can control; (this is a sort of tinfoil-hat theory so bear with me) I think it's because they might think that bitcoin is(or can be) some sort of competitor to the USD.
That, or the fact that they don't care and that Bitcoin can be a surveillance thing for them (because transparent blockchain).
Chinese government is actually a crypto whale. This article is pretty old but it claims that chinese government owns 194k of BTC and 833k of ETH. As I understood, most of these coins are the funds seized from from PlusToken ponzi scam but for some reason they are not rushing to sell the coins. My guess is that china is preparing a regulatory base for the cryptocurrencies and they might need a lot of liquidity in crypto in order to launch their own exchanges. |
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Op, be a vivid example of what?
Be a vivid example of the reduction of inflation?
In my own opinion, I don't think Bitcoin can protect anyone from inflation. You see when the word inflation comes up here, almost everyone on the forum goes to the loss of value and forgets about the consistent price rise. Whether you have bitcoins or not, the price of that thing you want is going to increase. Now bitcoins work to make sure that you don't feel the burn of that price increase, ensuring that your means of exchange is as valuable as what you want to purchase.
I don't agree with you, because when we compare the inflation of 2010 with 2023 we can easily distinguish that BTC is a hedge against inflation. Let's understand it with an example, If you had $10,000 in 2010, and if you have BTC worth of $10,000 at the same time. Then tell me, will your $10,000 dollars in fiat be the same as of today? Can you bought as many products today as you can buy in 2010? The answer is no, you can not. Now compare the price of $10,000 worth of BTC bought in 2010, and now they would be worth $284,986,000 as of September 25, 2023, at a price of $24,000 per BTC. Now tell me, is fiat a good hedge against inflation or BTC? Think wisely. Your point is completely about venture investing and not about saving. Back in 2010 BTC was a completely different asset from what it is right now. Then you should've been mentally sick to prioritize BTC over stocks and bonds in terms of savings. Also, it seems you don't fully understand the concept of hedging. If your portfolio can remain in a drawdown for a couple years then it is not actually hedging. |
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Just reminding that these news should not be considered as a buying signal. Historically, BTC pretty often is going lower soon after massive Microstrategy purchase. It have pretty much no impact on the price in the momentum and only indicates that one of the major whales is becoming bigger.
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The irony is that the big bold headline in the middle of Mixin website says "Secure Digital Assets and Messages on Mixin" and apparently it turned out that the platform itself is actually not secure.
They were not going to tell their potential customers that they would lose money if they used their service, were they? It is not just about mixin safe only, but centralized services and platforms that have a single point of failure, the management may not be malicious and they might just want to render a service to people and make profit, but once there is a single point of failure it becomes very vulnerable to hackers who can exploit it and steal either funds or personal data. Wasabi now funds a blockchain analysis company to spy on utxo's before they are allowed to participate in their Coinjoin or not, but they advertise themselves as the ultimate privacy solution, Binance says funds are safu when they can be hacked at anytime, so yeah, it is just PR and it is left for people to do their research about whatsoever service they are using. Sure. It is always possible that centralized wallet get hacked and if it happens, the project's team will have to take all legal actions to repay their users if they can. However, the point is in kind of a "Fake it till you make it" attitude towards their marketing where the team makes a headline claiming their project is safe as fuck highlighting the highest level of security and getting hacked. In case with Binance, funds are safu not because they say it, but because it is not possible to steal all funds (they are not so centralized) and all losses would be repaid by Binance simply because they are fucking rich and can afford doing so. There is no accent on hacking impossibility. |
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If You Are Not Paying for the Product, You Are the Product! (c) It is kinda hard to do as you want without turning the blockchain into some kind of another centralized fucked up company like google or facebook. It is also wrong to compare companies from non-financial sector with cryptocurrencies and if you take a look at PayPal you gonna find that its users have to pay transaction fees as well which means that fees are not actually the main problem.
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The transaction size also depends on the number of inputs and outputs. If you have many inputs you can reduce their number by combining then to a single transaction and sending to your own address, this will give you a single input and reduce the size of transaction. You can check it via transaction size calculator: https://bitcoinops.org/en/tools/calc-size/ |
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The only free bitcoin accelerator is https://www.viabtc.com/tools/txaccelerator/. Other bitcoin accelerators are either not free or they are scam. If your transaction is not having more than 500 bytes in size and the transaction fee paid is not less than 10 sat/byte, you can use ViaBTC free accelerator. Others that call themselves free accelerators will keep rebroadcasting your transaction and not accelerating anything. Is there any way to check if it actually works? I've used ViaBTC accelerator for a bunch of times and it always took hours to get a confirmation even after transaction was already accelerated. So in my case it was kinda impossible to check whether it could take longer to get it confirmed. It is much better just to change the transaction fee via replace-by-fee instead of relying on accelerators. |
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The irony is that the big bold headline in the middle of Mixin website says "Secure Digital Assets and Messages on Mixin" and apparently it turned out that the platform itself is actually not secure.
It feels like everyone who is advertising his service with the accent on security or privacy is actually trying to fuck you up.
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Can anyone explain why people are still using MT4? It was created centuries ago and its interface and overall usability is still on the same level. All charting features and indicators are available in another terminals or in services like tradingview. Personally, I have also tried Tiger Trade terminal not so long ago and it is way more convenient than MT4. The reason is that, for me it Is more convenient to trade on MT4 or MT5 than on the exchange platform.
Let me guess. You came to crypto from forex? |
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"Countries" can not do that, individuals may.
Actually, they can. The point is that in 3rd world countries usually there is no banking system at all and it is very complicated and expensive for them to create one from scratch, especially when the monetary system is bad. Therefore, it may be way easier for them to make a crypto friendly financial infrastructure from the very beginning while all other countries gonna have to adopt crypto into their existing system which takes way more efforts. |
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