Is it legal to buy tons of coins on Binance, withdraw, deposit on Coinbase and immediately sell the coins, then buy USDT and withdraw on Binance again?
It is legal but subject to your daily/weekly/monthly withdraw or deposit limits. All the above, if you do like you have mentioned, did you calculate how long such price differences will exist? In most cases, if you buy/sell in large quantity then prices in both the exchanges will converge as early as possible. When the price gap is not significant or not enough for covering for the fees to pay for placing orders (buy and sell), withdrawing from an exchange and network tx fees then there will be no point of planning for buying in one exchange and selling in other exchange in larger quantity. When something like this is not feasible in large quantity, most people do not like to go for it in even in small quality as well due to the hassles involved in moving funds from one exchange to another. Probably you may try for it in small quantity if you have funds initially in both of the exchanges initially (to save time by not waiting for network confirmation before gaps disappear) and if you are KYC verified (for ensuring not getting locked while withdrawing). |
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I'm seeing the OP wanted to take more risk, meme coins for one might give him a big profit in the future. But for use who have seen the market before, ETH/ADA/BNB might be good choice, instead of looking for that one big altcoins to invest, so it's either a big win for him or a fat L.
Nevertheless, we can still invest and profit by riding the hype train on AI projects. There are a lot of them right now, it's just a matter on picking the right project before the next bull run. P2E might be another niche as well, but not sure how big it will be, project like AXS has made it's run on the previous bull run. But who knows, maybe they are still going to be hot pancakes 2024/25.
Or maybe he is just bad at picking an altcoin? Those coins are not risky before but maybe they are now today since their hype have gone and then there are so many negative impressions about them. If we want a big profit in the future then it's not an altcoin that can give it to us because we are not sure about their future but the ones that can full it is Bitcoin. Sure, there are big alts like ETH which can also last longer but I am sceptical if it will pumped high as Bitcoin especially now that it had gone bad due to its latest transition from POW to POS. We are now close to the Bitcoin bull run so there is no need to ride the hypes of other coins and take big risks. |
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Although there are so many accusations and FUD about USDT to be a scam, failed project, and also a risky stable coin, in fact, so far, this becomes most used stable coins in the crypto market. We cannot deny how this coin always existed in the exchanges, always having bigger pairs so that we can meet easier pairing in trading. And so far, I have no problem with the issues. As long as we are also analyzing and watching the progress of the stable coin possibilities, I think it is still fair to use this as a favorite stable coin. But once more, always watch out.
Most used doesn't always mean it's trustworthy and has no way become a dead coin, anyone which still use USDT are have risk if the SEC want to audit and regulate this coin. The reason why all of centralized exchanges are add USDT because it's the most used stable coin and high volume, if in the future DAI or USDC overtake USDT, every centralized exchange's eyes will look into DAI and USDC, not USDT. When there's a big problem on USDT, you're already late to convert your USDT to other coin. If you think USDT isn't trusted, what's the point for holding it and watching it everyday? We have seen so many "most used" before that went down. BCH for example was a top 5, even a top three at some point coin, look where it is now. USDT could be most used as of right now, but that doesn't change the fact that it is both losing attention towards others now, and people are fearing stablecoins a lot more now. Combine those two and you will see that USDT and all the other stablecoins will lose some attention in the near future and we shouldn't be really trusting them. I personally do not trust them and I am not planning on trusting them in the future neither. If something is not decentralized, it doesn't worth investing into if you ask me. |
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What happen to FTX is just an isolated case and it just happen to them only, not the entire market. Of course, trust can be somehow affected by other CEX exchanges as they also think of the same scenario which is a very common thing to happen. But this kind of thinking won't stay long, TRUST will get back and that is why many people are still using centralized exchanges this time. I really don't think there is a huge change in the future of CEX but people will remain using these platforms as long as they are satisfied with their services.
I agree that it was isolated, and not the whole market, but we shouldn't say there are no others neither, there are some which could be considered doing something like this. FTX bankrupted, and they basically "stole" everyone's money, they didn't really steal it but used it without consent, but not for like buying villas and super cars or something, they used it to grow the business and invest in other things, so they could make more profit, but in reality they didn't make any profit and when people wanted to withdraw, they couldn't. Long story short, this type of thing happened before and will happen again, it is not the whole market, but it is not rare neither unfortunately. |
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If that's not recession, then I don't know what is. Iphone is simply the best electronic device that everyone wants to buy but somehow people can't do that. That's because they have to pay for their rent, food, water etc and there isn't any money left to buy an iphone.
I could agree with you about the fact that iPhone is definitely loved by many, but one of the other reasons for this is that there are other competitions which are getting better. Samsung is a great phone brand right now that already does so many things better than an iphone does, they have phones which are both at high end, but also phones that are brand new and yet cheap. That allows people to not spend a lot of money, if I want to buy a brand new iphone 14, I would have to spend three times more than what a cheap samsung would be and I rather not spend that, but if I want to spend a lot, there are better samsung phones than iphone 14 as well. That plays a role in the drop of the sales. |
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The eight season of PSL is scheduled for 13th February with the match between Multan Sultans and Lahore Qalandars. The league have grown in a slow and steady way. Compared to the old days, slowly PSL is getting visibility around and people away from Pakistan too begun to watch it. PSL authorities have done good scheduling before the IPL which is good than mixing up between leagues same as that happened recently with BBL, BPL and SA20
At least something positive happening for the Pakistan cricket even things are not solid like we have in other leagues due to security reasons but they are still going to play 8th edition of PSL after few days and few foreign players also will be involving in this which is not bad at all with this all they are currently considered in top five leagues which is also good. If Pakistan is having some better economical and political stability then surely this league can go above up to second spot after IPL because after India, Pakistan is second populated country in cricketing world with 220 Million population, and they have good fan-base in the Middle East and UK which is helpful for having good viewership for this league, yeah hopefully things could be better in the near future. |
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The only match I am interested in watching is on the 12th of this month. South Africa is far better as a team than Srilanka. They are also one of the world cup's favorites as the world cup is being played in South Africa, home ground advantage cannot be ruled out. The other three teams to watch out for in this tournament are Australia, England, Newzealand, and India.
There is no doubt about South African quality and home advantage specially after beating India in TRI series few days back but today Sri Lankan women's stun the cricketing world and win their first match in ICC Women's T20 World Cup by just 3 runs as South African's were chasing 130 runs targets were not able to do this and have 126 for 9 wickets with this performance they lost inaugural match of this world cup and now have no chance for the qualifying to semifinal as we have New Zealand and Australians in this group as well. After winning toss South African women's decide to bowl first which was good decision as their bowlers not allowed Sri Lankan women's to score freely, and they are able to score on 129 runs with the lost of 4 wickets Captain Chamari Athapaththu leads from front and score 68 runs on just 50 balls with the help of 12 fours in reply South African batsmen lost regularly their wickets and at the end not able to achieve this target and lost this first match by 3 runs. |
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The truth is that, in as much as we all advocate for a decentralized crypto ecosystem, we all at some point will still make use of centralized services, and it doesn't matter whether they ask for KYC verification or not, most would try to pass it as long as doing so would allow them carry out or enjoy whatever services they want to.
I am also not against centralized services, and neither am i against decentralized services as well, I choose and use which is best for whatever service I need at that time in particular , for example, it could be selling or buying of coin that is not listed on any decentralized exchange, in this kind of situation, I am happy passing kyc verification on a centralized exchange as long as doing this will allow me buy or sell the coin of my choice.
I agree to this a lot, I know that I will be able to use decentralized methods as much as I could, but there will be some time when I will be forced to use CEX one way or another. The most common of this is turning my fiat into bitcoin or turning my bitcoin into fiat. We haven't figured out a way to make that decentralized, and it would be followed by governments anyway, they will know. This is why it could never be 100% anonymous for me, there could be some people who could try to achieve that, but I won't be one of those people and millions of crypto users are just like me. It's fine though, it's not really the point for me, I don't need anonymous, I need decentralized bitcoin with no government controlling it. |
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When the government left their primary role of supervising and regulating the cryptocurrency space and becoming an opposition to Cryptocurrency it clear that we may not have a good inter-relationship between cryptocurrency and the government of most countries.
-While we have some countries who are aware pf the role and allowing free cryptocurrency development within their region along the regulatory framework and licensing of cryptocurrency services.
-Others have a ban or restriction which has hampered the growth and development of the cryptocurrency market within their region.
-While we are at that the global economic crisis has played a vital role in putting Cryptocurrency on the frontline to becoming the future of money and assets.
I think that's not really true for many nations as of right now, there are many nations which are either very pro-crypto, such as El Salvador, or there are some nations that just have rules in place enough to make it work like USA, sure they do not have all the needed laws yet, but they have some laws and regulations which allows companies like Coinbase and Kraken to be there. I believe that the best thing to do right now is to keep it going as it is to make sure it keeps growing. Bitcoin growing is not the point, companies that are related to bitcoin growing is the point, if Coinbase becomes bigger, that can only help Americans and they should aim at that. |
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I was always a gem seeker, you know how it is with this low mcaps. They are x100, ×1000 or zero.
Since many years I invested in many coins, started with BTC and ETH like all of us and then some meme coins went with booming profits! Like Shiba and Doge for example.
The worthiest investment will be in Bitcoin and it is quite safer than altcoins for the preparation of the bullish era. But sometimes, I found some people who are seeking gems of altcoins that can rise up hundreds of percentages until the bullish era. But the question is, will it be the meme coins again? For, I do think that the meme coin era has ended, like what happened to DeFi, so I think that the next bullish season will not be for this kind of altcoin. Although as long as I know, investing in this kind of coin, whatever the name, gems, or shit coins is very risky and riskier than investing in top altcoins. this tends to be more gambling than investing. That is something so simple and yet so difficult for some people. Bitcoin is by far the safest and best option that anyone has, and I do see those people who make 100x profits and all that, but that doesn't change the fact that it is incredibly rare, why risk it. I think it's much better if we could just focus on making money the way we know how, which is bitcoin, you could add ETH to that as well if you want but that's it. I do not think that chasing that 100x from the "gems" in altcoin world is a smart decision, it would be very difficult to find, and there is a likely chance that you could buy a shit meme token that will go to zero very quickly. |
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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.
In most cases, they don't, they'll just give you a bunch of shit coins stuck in your wallet, like forever.  But most trusted manager that's handling bounty camps do give a legit pay, it's either you have to accept the payment before or after the campaign is done. It does work in the past though, but I don't know now since those previous manager isn't handling altcoins nowadays. You just have to risk and do your own research if you want to try it though but make sure that the manager handling is a reputable one in this forum. That is true, there are a lot of legit managers who will ask for the money beforehand, and that means if they take like 4 weeks of pay, then they will be capable of simply just working towards making sure that they could end up with 1 month of work for sure, without any doubt, because it's already paid, or at least in escrow. On the other hand, if we are talking about a situation where it's just tokens that these projects created? That will always be not liked so much and that will be an issue, because you could work hard for them and end up with absolutely nothing, that is a very important deal and you should avoid those type of bounties if you can. |
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Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
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?
Which one do you think is the right person to approach; a trader with long experience in trading or a trader that is just a few days in the market? I think it was not hard to answer and of course, we choose those who are capable enough to teach us. Though we can say the market is changing and also strategies might not effective anymore. However, we can't hide the fact that experienced trader has the ability to adapt to the market situation which can also teach us and give us some ideas. Experienced trader could always adjust their strategy based on the market and the developments, a newbie is there to just learn and while they are learning, how could they become better than the experienced one? Just because new one is following the trends is not enough of a reason to keep up with the experienced one. I understand that some people will look at the current situation and imagine that it would be much better if you are following the trends, but it is better to be experienced and know everything, because that allows you to go with the flow of the market and learn new things a lot easier. I personally would pick the experienced one as well. |
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If you're going to be a "victim" of one, let it be HODLING, not gambling or "trading", especially day-trading. Both of trading and gambling are the same in that your body wants to be "rewarded" through a dopamine rush that's released in your brain whenever you profit. The problem, each rush to have the same effect requires more dopamine, and that makes you gamble/take risks more and more, bigger and bigger. Because we're mere plebs who are under-capitalized most of the time, we risk and lose everything to the market. "Control" is hard to do, just HODL your coins in cold storage.
I agree, at least with trading there is a chance that you could make a profit, with gambling there is no chance that you could make a profit. I think it is even more than just about dopamine, it is about the fact that if you want to do something, isn't it better to do something that is a lot more fair towards you? I believe that if you spend time and money on gambling, you will get that dopamine rush but you are doing something that is 100% guaranteed to make you lose money, but if you trade then there is a chance that you could lose money again but at least there is a chance that you could make a profit as well, that is a much better solution to everything. |
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There are so many people who bought at a high price, and when they saw the price going down they ended up selling it. Why though? Like why did you buy at high is a question that they need to answer themselves, but that's fine because sometimes you buy at the wrong time. But why do they sell at a lower price? That never made any sense to me at all because you could have waited for it to recover and that would have made you so much more money. They think that they made a mistake buying at that price and since it is going down they could either sell at loss or short sell. The second option is usually nonexistant because after selling at a loss they are supposed to buy at lower price to complete the short sell, instead they become hesitant and dont engage the trade at all. Often this is done by those who are looking for quick gain on the crypto market so they just bought at whatever price they could see, who dont have any long term goal. Unfortunately those who end up buying at the top, near 24k levels, looking to sell now that it is low, and the sad thing is that, after they sell, it will probably go back up again. And they will think "as soon as I bought, it dropped, and as soon as I sold, it went up, I am so unlucky" and not realize that they are just newbies. If you think that price dropped right after you bought or went up right after you sold, then it means you are a newbie who made a mistake. You should have bought when it was going down, if you bought after it went up, you should have realized that it could go down, and if it is going down, that means it will eventually go up, so if you sell without waiting, you will lose there too. |
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Compulsive stock market investment is now a new disease included in the DSM and henceforth we must make people who are prone to develop such compulsions aware of the same that this is a problem and they need to stop before they burn themselves out.
Point is that either type of compulsive actions are destructive, be it in gambling or trading or shopping or eating etc. However this compulsion comes as a counter mechanism to another obsession. Truly this revenge trading is a problem if someone is doing it regularly. Trading must be done with patience and research, waiting for the low price, pouncing on that and waiting till the high is reached to sell. Only then it an organized execution yielding the maximum possible profit.
That is actually a very serious one, considering how easy it became to be a retail investor and you do not need some broker in wall street to do it for you, there are a lot of people who download apps on their phone and trade stocks there. This results with plenty of people who have absolutely no idea how they can trade, end up trying to make money from it. There are some small few cases which it worked, retail investor vs big hedge funds in like Gamestop stock being pushed to limits. But usually that results with retail investors like you and me losing money. It is not "too" different in crypto neither, there are top guys who make money, and panic sellers who lose. |
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Maybe in the eyes of the majority here in the cryptocurrency community, the spread of Fud is not good, but if you look at it from a different angle, you can also see and measure the extent of your knowledge in this industry.
This is also where we can find out for ourselves whether our knowledge is deep or shallow. And you will also see the different opinions and views of others which one you think is right or wrong.
I think people are just focusing too much on "fake" fud spreading and that is why they are so sure about the situation and why they think it is bad. The reality is that we are talking about a situation that is much worse and there are situations where it is just people who think that it is actually dropping and that's why they are telling it, which is definitely not an easy thing to say because we don't really know if it will go up or not, but the reality is that we are just unsure about it. That is why I believe that we shouldn't be shocked about it and just accept that FUD is not done for a fake fear type of thing all the time, sometimes it's real. |
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I'd say businesses in general are still not ready for adoption yet simply because prices are still fiat based and doing so will just yield to loss. Most of the people here in this industry are using Bitcoin more of an asset to maximize its characteristic of being volatile. Only few people are probably using Bitcoin and other cryptocurrencies as a mode of payment and they are more likely huge businesses or individuals having huge transactions while trying to avoid taxes cross countries. It is not a bad thing if small and big businesses are still in doubt of this technology. Someday as development occurs, hopefully, more places would recognize the potential of this industry.
I would say there are software that you can use which adjust bitcoin price according to whatever fiat price it was. If you are selling something for 99 dollars, then the software will make sure it charges people whatever 99 dollar worths in bitcoin, whenever price of bitcoin changes, the price people will pay changes. On top of that, you could ask for usdt or busd, which means that you are going to get paid in bitcoin, or hundreds of any other coin and that's great, but at the end of the day we are going to end up stable coin in our account automatically, that is what these software are capable of doing and if you are in e-commerce then you could use them. |
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It's not crazy from their perspective. They've been cut off from world trade because anyone who trades with them is almost possibly going to incur the wrath of trade sanctions from some of the richest countries in the world. A multi million dollar cost is a pittance if it allowed them to open up a new trade route that could result in hundreds of millions, billions or ultimately trillions worth of trade. Unfortunately they both suffer from a huge deficit of trust, even between themselves, that bills will ultimately get settled or that their wider economy is well managed not to implode. That is the underlying problem that a cryptocurrency will not solve, the same incompetent people are still in charge and don't want to change.
I agree that it is something that makes sense for them to build it, but that doesn't change the fact that it will become a trouble to use these stablecoins as well, if you are a company that can't deal with Russia or Iran because you are afraid of the sanctions, you can't start trading with them just because there is a stable coin neither, if it was a wrong thing to do or something you were afraid of doing, it will stay being something that you are afraid of and that won't change, it will be something that you will keep fearing anyway. That's at least something we should be aware of and that's why this shouldn't be created or even if it was, there shouldn't be much hope for it. |
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Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.
In your case it’s not because you will need money any moment due to your school needs. Putting it on investment will just ruin your money profitability because you can’t get enough profit in short term on an investment unless you will enter a high volatility investment. Money shouldn’t be put always on investment, it highly depends your situation and needs about the about the money. Savings is very good if you need a sure money for an upcoming expenses while you are still not earning passively through your work. I agree that your investment should not be your income, that is not going to be anything that would give you a good return. In that situation you will need short term results and if you can't get it then it is going to be a terrible situation for you. However, if you could end up with a good long term plan that you do not mess with? That should be something that could actually work for you and it could give you a better result and will give you a great return over course of long time. I am planning my retirement with bitcoin, not many people use crypto for retirement, they use it for getting rich as soon as possible, but they do not realize this is their amazing and very profitable retirement plan. |
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The interviewers would just say the job is not entitled to any insurance or benefits, what they can offer is a very low base salary and the commission part would be subject to how many sales the employee can bring to their company. My friend was not willing to take any of them because he has a family to feed and his wife's condition is unstable which could need a lot of money for surgery at any time.
It is even because of that bolded part that your friend should take the job. I am talking from a personal experience here, my wife did not need any surgery but I too turned down job offers because I mostly thought they were not willing to pay me what is desirable based on my previous jobs and experience and it was a difficult time caring for the family. I believe you should advise him like someone also mentioned earlier, it is better to take small than not to have at all. I agree, it is important to take the smaller but guaranteed one for now, but it is also important to make sure that you have a place to grow. I think that is why I love my job, I could make this much money, but I could make more as well, depending on how life turns out. Sometimes I feel like there is ALWAYS something going on in my life, sometimes it's not just me but like disasters and pandemic, sometimes it's just me like sickness and all, but there is always something. So if you could make sure that you could make some sort of money no matter where you are, then you will be doing fine and that is the important part, find something but also keep on looking for something bigger. |
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