"Litecoin founder Charlie Lee has sold all of his LTC" I can't find article but 2-3 years ago I was reading interview with litecoin CEO who was saying that litecoin is in stagnation and there is noting more that can be done. especially when it comes to micro-transactions, like, for example, when paying for a cup of coffee.
My post about BCH but it is correct for LTC too. Just replace BCH with LTC or any other "a little faster BTC" Who needs "a little faster BTC" if we have instant TRON, BSC, NANO and thousands of others? Who the hell ... ever ... used BCH for day-to-day payments? No one accepts it. I pay in crypto almost every day. For day to day payments we use stable coins (to avoid calculating back and forward how much is xx$) together with fast chains (so BEP20 BUSD or TRC-20 USDT). I have never received a proposition for BCH payment. So BCH is useless as store of value AKA digital gold (to compete with BTC) - is not as secured - has 50 times lower hashrate and is too slow, volatile and illiquid to compete with others for day-to-day payments.
Once again:
BCH is worse than BTC as store of value and worse than other alts as day to day payment method. It makes it perfect solution for both? No it makes it useless solution.
1- You store your wealth in most secured, deflationary asset. Safe place. You can't say that about BCH. 2% on BTC hasrate can jump on BCH chain just for a moment to do 51% attack and go back to mine BTC. They both use same hardware.
2- you use cheap and fast chains for day to day payments. You use non volatile tokens for ease of use. You dont want to pay 2$ fee to buy 1$ worth cola. You dont want to open calculator each time you want to buy something. Its better to swap 1000$ once a month from BTC to TRC-20 USDT and use USDT all month without fees. And I'm saing that from my own experience. No one ever asked me to get his payment in BCH because its perfect solution for both store of value and day to day payment.
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Stop limit orders end up as marker order. I have used stop limit order sometimes. I don't know if this option is available in Binance futures.
Depends how you set your stop and limit price. In most cases when your stop-loss/stop-limit is triggered you want to get out of position as fast as possible. There is no stop-loss option on binance because you can set stop-limit in a way it works like stop-loss (limit price set close to 0). So there is no need to have both. Don't even talk about the Binance VIP program. It useless and only favors whales
Not only whales but also small scalpers, middle size daytraders, small marketmakers, small algo arbitrage traders, small algo triangular arbitrage traders. |
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Whats the point of selling today? Everyone who wanted to sell at 33.5k had all 2 months to do so. If one did not sell at 33.5k in May, June and mid-July why should he sell now? Especcially if its the first day at this price when we actually see some bull power:  We have just broke strong resistance on daily candles that was being tested at least 8 times before. We also broke downtrend on daily RSI that was with us for last 6 MONTHS. Why should we sell now? Its buying time. |
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This is not entirely accurate though. It depends on the type of order one makes in an exchange. If one is a market maker, Binance charge an average of 0.02%
Exchange like Bitmex, phemex and Bybit, Kraken instead charge (-0.025%) meaning they actually pay the market markers something. In this instance Binance fees would be expensive
If one is a taker, Binance charge an average of 0.04%, while the exchanges i have listed charge around 0.075% which would make Binance slightly cheaper.
With order book that changes so fast it is hard to always be a maker. Sometimes you will be a maker, sometimes taker. Especially that every triggered stop-loss order will for sure be a taker order. So if you are 50% taker 50% maker you pay 0.025% on average vs 0.03% on biannce. But binance has fee reduction for BNB hodlers and vip program which may push this on favour of binance. But transaction fee is not the only cost of trading. There is also slippage, market inefficiency (flash crashes and spot/futures price spread that effect in bigger funding). Also latency is important. |
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Average fees are super low and even 1 sat/vbyte seems to get you in the next block a lot of times. The last block only had 48 transactions! Maybe I just haven't payed much attention in the past but this seems really low. Any ideas why transaction volume is so low?
Also, what's up with the "best change" thing I see on so many people's avatars?
Miners are moving from China. First they shout down farms - block time increased from 10 min close to 20 min - fees pumped, difficulty dropped from 25T to 13.67T, they are slowly recovering their farms in other countries and fees went down until network will find equilibrium. After that fees will come back to where they were last year 10-15 sat/vbyte on average. |
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Do you go short on half of your capital when youre out of the market ?
Am I thinking wrong here ?
You are correct. The only problem is that if you short you are not exposed to currency risk (BTC price change) but you are exposed to flash crashes that happens from time to time. Especially when you use part of your portfolio with higher leverage to hedge your initial exposure. Best would be to use Binance. Super low fees, high liquidity, support many currencies. I'm not sure about XTB but as far as I know you don't trade directly there. They take your order and pass it further taking extra fee. So you will pay much more for trading. In case you actually trade there - there is little to 0 volume compared to binance means that you will have higher spreads and unexpected price crashes that will trigger stop-loses that would not be triggered on higher liquidity market. |
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Very rarely has bitcoin price gone below the 200 WMA and when it did it has recovered after a month or two. Not sure why $30,000 seemed to be checkpoint that took some time to go through other than it is a round number and maybe people had positions at that mark. Anyhow I see no reason why it cannot fall to the current 200 wma ($13,800?) after maybe slowing at $20,000 for the same reason as $30,000.
30k Is a support because of: 1- 01.2021 correction bottom 2- BTC @30k is exactly testing 2017 ATH if we adjust price USD money supply change in 2017-2021 - Just heard about it from BenjaminCowen 3- Hate to say that but - Elon buy zone Currently, BTC is a great short term buy (32-40k recovery) moderate mid term buy (risk of falling to 20k and beginning of 1-3 years of bear market), great long term buy (after 10 years people will laugh from 30k sellers) |
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@OP Are you 12-15 years old? This post looks like made by a child with very little knowledge of the world. Almost each sentence does not make any sense. At what Market cap Bitcoin must be to become less volatile and more stable similar to the Swiss Franc currency CHF so bitcoin owners can start spending their Sats on everyday groceries and a morning commute coffee drink?
Thats the problem of a person who has 1k $ in bank account and 100$ invested in bitcoin. When will Bitcoin become easy to use like a credit card, like swipe/contactless directly without using 3rd parties to facilitate this? I know there's bitcoin credit cards but they still using 3rd party Visa or Mastercard facility for this which is centralized not decentralized. What's the point of using decentralized bitcoin to pay for stuff when we still need to rely on middle man centralized visa or mastercard who can freeze your card anytime they feel like it. Bitcoin is suppose to be independent and decentralized.
Simply use many wallets? Cold wallet with all your wealth, hot wallet with some easy to access BTCs and card wallet for everyday use. Elon says....
Who cares about this cumrocked shiller? In long term ... btc is worth much more than 1 shiller opinion. And so on ... Every sentece is wrong. |
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I have a thought about this. That a breakdown below $30 000 will still take place. This is necessary in order to fold the last long-players, catching a large portion of liquidations and stop-losses. After that, the price will reverse and go to test the powerful resistance at $40 800, marking a trend reversal.
Looks like you were right. We've broke 30k support. I though that it is not necessary because everyone is already scared to the limit but looks like we needed final capitulation. Yesterday decent pump +10% back to 32k in the most crucial moment - at the bottom line of falling wedge that I was talking in my first post in this thread:  I think that bounce back, during market capitulation, was too strong to simply die. We will see at least another leg up which may break resistance that was tested 9 times before. This will trigger decent come back at least to 40-44k which will fulfil your prediction. |
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Look, fact of the matter is that even after they announced that, the market simply did not move that much. BTC didn't even climb by more than double digits.
We just broke support (31k) and were 1k $ from breaking the dip (28,8k) - last hope from TA point of view, when everyone was losing hope, when fear/greed index was at 10 (it wasnt lower than 10 since covid panic sell) ... and suddenly 10% pump yesterday on a decent volume. Thats not "did not move that much" its important bounce at crucial price level. I'm not saying that its because of Musk. Fuck him and his "maybe we will accept BTC" ... I can buy tesla, whatever i want, using Bitcoin via binance card with 5% cashback. I don't need him to accept BTC. I'm just saying that we've seen decent pump yesterday in crucial point from Technical analysis point of view right when everyone was shitting pents. |
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Well it's 1 of 6 coins that are listed for locked savings on binance.
So they most likely paid binance for this. Most likely this will only create extra sell pressure after it ends. Also freebitco.in is adapting it.
Many projects announce great collaborations with other projects that do not result in anything other than boosting each other, showing how active the team is, atracting more investors. So i would say there many tokens/coins that are more meanless than this.
Thats not how investing looks like. Its not like it is worth to invest in something only because there is something shittier on the market. |
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If you are interested in what Binance offer don't get hung up on the 45% APY, you should read all the detail carefully, for every 1Lot (1lot/100Token) you saving on Binance you only get 1.726 for 14day, for more detail you can check this
1.7226 for 14 days from 100 tokens is execly 56% APY. So even more than 45%. It's listed on Binance with a very good interest option btw.
Yea this 45% looks decent but ... what if FUNtoken? Its just an ETH token (you need like an hour to create smart contract) that claims to be "FUNToken IS THE NUMBER ONE CRYPTO CURRENCY FOR ALL THINGS GAMING" that its main advantage is that it is "fun" "tradable" and "liquid". Thats it. Do we need separate currency for every purpose one can imagine? Why don't use BUSD on BSC or other stable coins for gaming payments or gambling? 100 mln $ project that no one is using, that is nothing more than eth token that paid for listings on many exchanges. 600k$ volume on biannce says everything. no one cares about FUNtoken now. |
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When Satoshi Nakamoto first proposed Bitcoin, the first public criticism it received was around its scalability potential. Fast forward to 2021, and according to many supporters and doubters, scalability is still Bitcoin's biggest problem.
However, with the rise of institutional interest and technology, a solution to the above-mentioned problems was proposed, called the Lightning Network.
The Lightning Network solves the scalability of Bitcoin as a secure off-chain settlement. Why not fix Bitcoin directly?
The Lightning Network FAQ - I think the best place to go and discuss Lightning Network pros and cons. In simple words LN is just a second layer solution with limitations. Its impossible to force everyone to use it. Its adoption grows slowly but it does not depend on devs. If we talking about first layers solutions ... there is no (and most likely will never be) a solution that will scale BTC to the VISA performance without losing decentralization. |
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Personally I think it's a matter of time before a correction takes us down under.
There is simply too much bearish sentiment in the market right now. The FOMO mania is all but past us and I don't think that will return for at least until the next halving cycle.
There is bearish sentiment on the market because price goes down. I've never seen a situation in which price was going down while everyone was bullish. Its always like that. Smart money accumulate, smart money push price up, street fomo in. Push to 45k and you will see how bullish everyone will be. Currently we are in "extreame fear" for 3 months. Price is oversold. There is not much space to go down. We need to test 40-45k and fail to protect there levels to dump to 20k. |
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@op dot and neo are non nft coins if im not mistaken but they are also a good coin to invest on .
Name 3 advantages NEO has over its competition? Neo is a dead. I understand that you can have weak knowledge but saying that something is a "good coin to invest on" is something serious. Someone is making financial decisions based on research here. Someone is losing hard earned money because of guys like you - people who recommend dead projects evaluated at $2,124,739,637! Freaking 2 bilion $ for project that no one is using. Buying neo is a "hot potato" game. others call it "greater fool game". |
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Is there a name for the BTC equivalent of GDP? What I mean is that if one takes the total BTC transfer volume and subtracts out the portion involved in exchanging monetary assets, one might get an idea of the size of the BTC economy and if one considers the blockchain as a kind of "jurisdiction" securing its monetary regime, one might call this economy its "domestic product".
There is nothing like that and I dare to say that it is impossible to calculate it. You never know if transaction is a payment, p2p OTC deal, or someone is moving coins from hot wallet to cold wallet. You also don't know if withdrawal from exchange is because someone just bought BTC or someone is using exchange like hot wallet and just bought something using BTC. |
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The interesting thing at looking at this chart is that the bearish candles keep reducing in size and now we have multiple small red candles on the downwards which are a sign that sellers are losing control of the market and we should be expecting a bullish candle anytime soon as buyers take control of the market, more like the falling wedge as @Tytanowy Janusz as posted.
Red candles are smaller and smaller but green candles are doing the same. Its not because of sellers/buyers losing control. Its because we are locked in 30-40k range for 2 months and volatility goes down and down with every day. Thats normal. Its not like I'm sure about whats going to happened. From chart only ... i would say its 60:40 for testing 40k before final decision (bear or bull market for next 6 months) but from looking at fundamentials together with economy condition (high inflation and everything is pumping) I'm much more bullish than bearish. |
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I have a thought about this. That a breakdown below $30 000 will still take place. This is necessary in order to fold the last long-players, catching a large portion of liquidations and stop-losses. After that, the price will reverse and go to test the powerful resistance at $40 800, marking a trend reversal.
Manipulators will now benefit from the strait in order to knock out even more moment from fearful hamsters. Growth often starts after a big spill, and many believe in the current level at around $30 800 and therefore does not sell. We need to get them to sell. How? Taking away their faith that holds together with this key level of support.
People already put their hope in 31k, broken together with 30k psychological level down to 28 800 in 22nd on Jun. Then everyone was talking about wyckoff accumulation pattern ... broken.  We should be at 42k now. There is always a way to scare away more investors but ... are bears gonna attack it for +10% risking being liquidated?... 25% monetary inflation does not sleep. Bull run on SP500 does not sleep (BTC/STocks Correlation etc), corporate debt bubble does not sleep (Bitcoin just started to eat its portion of corporate debt bubble cake). Almost wvery single asset last 4 months was pumping ... except BTC. I might be wrong ... not the first time ... but i think that we are closer to huge green candle you were talking about rather than another push down. The only thing that could scare more invesotrs and push btc below 25k for good is a massive sell-off, massive panic on stocks. SP500 dumping 40%. |
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