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2001  Economy / Trading Discussion / Re: The Beauty Of Real Trading on: July 30, 2021, 11:50:12 PM
Don't trust those who will sell you the dream "Get Rich Quick", too many bullshit scams in this industry.
It's indeed, and they are now everywhere.  This even happened to me, I have so many friend requests on my social media (Facebook) and some of them PMed me and offering about their service regarding trading, but since I have experienced in trading, they didn't convince me and I know they are obviously a scammer.

In trading, we should also have a trading plan and stick to it whatever happens.  This isn't easy to work, it needs more deep research and patience just to achieve your goal, and the OP has a point here.  Learn from your mistakes and don't let them that will happen again in the future, though trading doesn't have an infinite of making profit but at least knowledgeable on it has a great advantage.
2002  Bitcoin / Electrum / Re: Electrum standard transaction fee set to 4.1 sat/byte?? on: July 30, 2021, 11:07:54 PM
If you don't want your transaction didn't get stuck, always check the mempool condition and set the fee into the "Mempool" because it is estimated with the market condition which you can choose a higher required fee for the fastest transaction.  A best practice is to check always the mempool condition before asking transaction and putting at the right fee that doesn't exist for more than one hour.

However, we know that the market price was too volatile if you have been stuck because it was suddenly pumped up you can try to boost your transaction using this.
  • ViaBTC
  • btcnitro.com
You can use the Bitcoin transaction accelerator for free or paid.
2003  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Long Term Investment Suggestion on: July 29, 2021, 11:56:42 PM
Not all these coins mentioned above have the potential to gain profit in a long run.  Trust me, altcoins didn't deserve to hold for a long run targeting profit otherwise, Bitcoin has a better potential than these.  If you are willing to put a risk on these coins, it might it's just a matter of months because it seems one of those coins mentioned above was in a pump and dump.

Have you not notice that all altcoins prices will swing based on the moving direction of Bitcoin?
So potentially here that could give a guaranteed profit is only Bitcoin, but always remember that Bitcoin doesn't promise anyone to have a quick rich in just a single snap.  Just try to extend your patience and wait for a better profit, not those altcoins.
2004  Other / Archival / Re: Helpful Guides For Newbie on the Electrum Wallet on: July 29, 2021, 11:37:09 PM
It's a good resource and now bookmarked this for future reference, thanks for this informative thread.

We have also topics and discussions here regarding Electrum wallet, AFAIK, there's a compilation thread of all Electrum wallet topics but I can't find that thread now.

^ Electrum also available in the smartphone platforms so like other wallets, user can access their funds from Android itself.
It's safer if you will use your desktop app version, not on the mobile app, you can find a good feature in a desktop app than the mobile, and also I have heard that using Electrum mobile app is vulnerable to hacks.

It's been years using this Electrum wallet and I always feel secure even storing a big amount of Bitcoin.
2005  Other / Archival / Re: Binance Dramatically Reduces Daily Withdrawal Limits on: July 27, 2021, 11:59:34 PM
But do they have insurance like in Binance - SAFU?
It seems this is most important to all users and the reason why didn't leave on Binance, the SAFU.  But it does really give insurance?

For the small-scale traders, it would be fine, and also there's a possibility Binance wouldn't use it as fraudulent by using it for money laundering for the unverified account.  This is what was in my mind before, whether we like it or not, centralized exchanges will push through their users to have verified from KYC.  But if your small-time trader it would be fine and I think this reduction will not have an effect on the Binance use, the reduction is still fine to still remain anonymous.
2006  Economy / Speculation / Re: Who's been buying recently? on: July 27, 2021, 11:47:32 PM
We've been in a big bear market but there is a sudden pump.

Is this a giant whale or few whales buying up, retail, some companies? Any way to track the major buyers/sellers?
You can follow this Twitter account Whale Alert and analyze where the big transaction of Bitcoin comes from.  Every big transaction whale alert has a record on it and they will publish it on their Twitter account.  Yesterday I thought that it was caused by Amazon accepting Bitcoin as a payment, but that's only a rumor and there's an article saying that they deny that issue.  So, IMO, there's someone again manipulating the price.

Quote
Last time before this bull-ish market around January, bitcoin and eth started climbing high, but alt coins lagged some before going up too. They didn't just go up immediately like they are right now
Give 100% support to Bitcoin and your investment would be fine.
2007  Other / Beginners & Help / Re: How bitcoin mining works on: July 27, 2021, 11:31:18 PM
KEY TAKEAWAYS
By mining, you can earn cryptocurrency without having to put down money for it.
Have you looked into how much the mining equipment costs these days plusthe cost of the amount of power they consume during the process of mining?
Plus another factor to consider is the electricity bill, not all countries have the same rate of electricity bills which mining won't work without a proper energy supply, that's why most small mining scale businesses doing it illegally by stealing the consumption of electricity.  At this point, if you don't have a good electricity source, you can't earn or you can't cover the electricity cost that might your money that spending mining machine will surely down.

If you didn't consider this, much better if you will invest in Bitcoin directly for less risk.  Invest and hold it for a long period of time.
2008  Bitcoin / Bitcoin Discussion / Re: Amazon Puts Down Bitcoin Use Rumor on: July 27, 2021, 11:04:59 PM
I almost believed the rumor that I have heard yesterday and now the fact was revealed.

IMO, we don't need them, they are also a big threat to the Bitcoin price heavily volatile, once one of those big institutions will sell their Bitcoin asset, it will always have an effect on the market price.  Bitcoin will grow by itself and we are already in the mainstream for sure the adoption by individuals or big institutions will always be there.

The news was probably a manipulation on Bitcoin price and as we saw, this didn't have an effect on price movement, besides Bitcoin price at this moment almost reach again $40k which is good to see that the Bitcoin price has surged back so fast.
2009  Economy / Trading Discussion / Re: Always take profit on: July 27, 2021, 10:46:50 PM
It's easy to say but in reality, it's hard to do it.
There's no such strategy that you will continuously be making a profit in trading most especially in short term trading, always bear in mind that there's no infinite winning while in trading, there could be a high chance that you will lose no matter how good you are in analyzing the market prediction when in fact, the market price is too volatile.  In short, there's no guarantee that you will reach this target.

I cant really blame of people on having that kind of behavior because even myself is a guilty of this because im not really that satisfied on looking $1-$3 gains and would really tending to secure it right away
If you could able to make this profit daily why not and that's a very impressive strategy that you are using.  If you're willing to risk a big amount it might you will able to gain profit more than this, a big amount of capital will possibly gain big profit and of course small capital will also have a small profit.
2010  Economy / Exchanges / Re: Buying BTC from KYC exchange on: July 26, 2021, 11:55:39 PM
No exchange can guarantee security, and if they say that, then they are either stupid or deliberately trying to deceive you.
So, no crypto exchange in the world can guarantee their user data? And what I ever heard about their promise to keep KYC data safety is fake only?
If it is true, even Binance cannot guarantee our data? I am starting to be a bit afraid about my KYC data on Binance. I never imagine that even Binance can risk our data. This probably becomes a big problem if one day all centralized exchanges are investigated because of risking people's data around the world.
Yes, there's no guarantee that exchange can give full security of our data and avoid possible data breaches.  A big exchange might also have data breaches even though big companies like Microsoft and Wattpad have experienced a disclosed data breach and even the big exchange like Binance was experienced before a data KYC breacH, AFAIK, that was way back in 2019.

However, if you really have paranoid feelings about your personal information that shouldn't expose and must your personal information private, find a decentralized exchange that is better for p2p transactions.
2011  Alternate cryptocurrencies / Altcoin Discussion / Re: Never Trade On Emotions on: July 26, 2021, 11:23:36 PM
Bear in mind that trading and investing are different from each other, you can lower your risk upon investing than trading which is completely very risky.
Invest that you can afford to forget for a while is the best answer here and trading that you can afford to lose is also the perfect one because, in trading, there's no infinite of gaining profit, there could be a win or lose.

When it comes to emotion, this depends on us.  We should have a trading plan to have a trading activity smoothly.  Because trading isn't an easy way of making a profit and anytime you will lose due to the market isn't predicted.
2012  Economy / Trading Discussion / Re: is this a good divide? thanks on: July 26, 2021, 10:57:53 PM
i was thinking %35 bitcoin, %25 eth, %15 cardano, %15 ravecoin, %10 alt coins just for the fun of it lol.

does this make sense?
As we can see, most of all altcoins was relying upon Bitcoin price movement, when Bitcoin goes down all altcoins goes down too.
I suggest giving full support to Bitcoin and I think the most reasonable dividend of investment is 90% for Bitcoin and the rest is for altcoins or as much as possible give the 100% of Bitcoin.

But this is probably a case-to-case basis, for a long-term focus on Bitcoin but if you want more risk and high potential of making a profit go for altcoins which is good for a short time investment.  Don't make your money fun and investing in the nonsense altcoin, they aren't worth it to play with.
2013  Economy / Trading Discussion / Re: They say buy the dips...but how do you know the dip has bottomed out? on: July 25, 2021, 11:59:27 PM
There's no trick but there's a tip, just buy as many as you want and hold them in a long period of time, just like 5 years from now.

We didn't know when the dip was because Bitcoin price movement is unpredictable, just buy and aim of target profit and never sell under the price where you purchase.

Anyway, Bitcoin didn't promise on making a profit, it was created by means of payment as an alternative currency on fiat.

Quote
*Note: asking for short term trading purposes. So advice like "don't matter when you buy..." is not applicable.
Then, this isn't a Bitcoin, it might you are preferring to altcoins which are good for a short-term investment.
2014  Economy / Speculation / Re: btc market up on: July 25, 2021, 11:48:33 PM
to day bictocin price many more increased.
now a days bitcoin price 33,912.08$.
i hope and believe that bitcoin price will be up 35,000.
but we have few time waite.
You have to see the chart before you believe, though it confirms the possible trend and we are too close to that price level. Its really good to see Bitcoin rising again, there’s so many FUD before that it will go down below $20k and thankfully that Bitcoin didn’t hit that level and we are aiming for a better trend now.
We should be thankful but at least Bitcoin didn't down further below $25k, even though it's stuck the price between $30k-$35k this past few weeks maybe because of the outcome of FUD due to China banning Bitcoin.  IMO, just a correction and that's a normal reaction of the price since it has a very volatile price.

As we saw, Bitcoin price was increased again after it was down the price below $30k and there's a rumor that was because of the Amazon insider planning to adopt Bitcoin and use it as a payment method.  There are too many factors to consider, we shouldn't get easily panic by the FUD and keep hold of your assets.
2015  Economy / Scam Accusations / Re: 1XBIT.com IS BIGGEST SCAM ON INTERNET!!!!!!!!!!! on: July 25, 2021, 11:27:18 PM
In the first place, have you warned regarding them before?  How shady they are and how they will selectively scam their user?
If no, you have now learned from this experience and if you have left funds on that gambling site try to withdraw them all, there are plenty of betting sites that you can choose from and avoid using this scumbag owner of this site.

There are more new users who come here claiming that they'd scammed in the said gambling site, it's a good sign to kick them out here even their running a paid signature campaign.  It seems they are very aggressive making ads everywhere, they are even on the Mycelium wallet ads.
2016  Alternate cryptocurrencies / Altcoin Discussion / Re: THE BULL RIDE OF 2021 on: July 25, 2021, 11:10:34 PM
I agree with your observation mate, and that's true Axie is very popular now even in Southeast Asia and particularly in my country also. But we should always do research and familiarized how NFT's will work so that we won't make things more complicated, the NFT's are good and promising but if you dont have not enough knowledge regarding the "NFT dynamics" then you should consider educating yourself first before investing.
Because of this popularization of the NFT games, there are too many similarities to these NFT games that have been pop up like Defipet that now like Axie. But OP was right, we need to have our own research upon putting investment, sometimes they are in the hype that makes the price becomes expensive.  It can gain massive adoption since most investors are online gamers and also play-to-earn games are very interesting.

If you missed out on the NFT games like Axie Infinity, you can try to have your own research on other games like Mydefipet maybe that's worth enough in the future, but we should be careful in putting investment.
2017  Economy / Trading Discussion / Re: Need help with trading on: July 25, 2021, 03:58:08 PM
Losing funds is a part of trading.
You nailed it and this was the truth, even though experts in trading will experience losing funds because there's no infinite passive income in trading, there's sometimes a failure.

i started trading with a single token i have made x2 profits within a week when i decided to trade another coin which from my analysis the coin have great potential because of it price at that time and that was the beginning of my lost.
It's a coincidence I think, token will also give profit especially if it is newly launched on a good exchange platform.  And when it's hyped and very trending in most communities, it will surely be pumped and have a chance to earn folded in how many times in profit but when later on, it will fade and becomes shitcoins/tokens.  In short, knowing them and have further research you might ride the trend, but remember this is very risky in holding for the long term, you might earn in just a short time trading when it's on the hype.

Improve your fundamental and technical analysis, these are the only way how to lessen your losses in trading.
2018  Economy / Economics / Re: What kind type of market player you are? on: July 24, 2021, 11:59:39 PM
- INVESTOR = an investor puts capital to use for long-term profit.
- TRADER = a trader seeks to make short-term profits by buying and selling over and over again.
- SPECULATOR = a speculator just gambles and hopes that other parties will dare to pay higher his/her tokens or coins later.

i'm an investor, not very trading savvy, just buy Bitcoin and some Altcoins for long-term.  How about you friend?
Investors, I have an altcoin on my portfolio that considering a huge amount aside from Bitcoin and I believed that these coins that I picked into my portfolio will give the highest ROI when the right time will come.  Once these coins were on my cold wallet, I will never touch them again or open my cold wallet because they are intended for a long-term investment.

Sometimes I do trade on the leading exchange now but that is spot trading, I don't like day trading it gives me more stress because I'm a kinda busy person because I have a job and small business in a real life.  So the choices are on investor and the spot trading or long-term trading.
2019  Economy / Service Discussion / Re: site allowing the purchase with fiat currencies of a newbie to send to our adres on: July 24, 2021, 11:48:06 PM
It seems they are legit too in my eyes, I have done the research and I didn't find any negative comments towards them.
It might be good if you will try a small amount so that you can witness how their service going on.

BTW, I saw OP open a similar topic on local. https://bitcointalk.org/index.php?topic=5350453.0
I think OP got the right answer.
2020  Alternate cryptocurrencies / Altcoin Discussion / Re: Be careful what you choose to invest in now, not all coins will recover. on: July 24, 2021, 11:30:37 PM
I prefer old coins with strong fundamentals to invest in when the market is down. new coins run the risk of being useless and valuable and difficult to recover. we'll see how many coins in the pancake lose their value even die.
Even on my side, new coins which are good for short-term investment and are very risky might become a shitcoin after it's been listed.
Top 10 cryptocurrencies in the CMC that has a high volume which is considered good for a long-term investment, beyond that, you need to study and monitor its progress.

Just listen to the trend and always have your own research on it, IMO, the ICO's that has a good return is on the gaming sectors or those coin based on games.

@OP was right and I tend to agree, find your own research first before putting an investment.
The current market situation present an opportunity to research properly and invest wisely, take notes.
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