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2341  Alternate cryptocurrencies / Speculation (Altcoins) / Re: XRP - yes or no? on: February 03, 2023, 03:51:18 PM
You can count on them as an agent that will give you a one-time gain in the short term, which is investing in them, if you know that their legal status in Ripple v. The SEC[1] is good, though I don't expect any legal gains to happen.

Therefore, the DCA strategy will not be sufficient, but follow-up on the details of the case, and if you feel the possibility of them winning, then invest one and sell after achieving reasonable profits (10% to 20%)

Otherwise, long-term investment will not achieve much gain because the goal of this currency is not crazy gains due to the unlimited supply it has.

Overall, I expect Ripple and the SEC to reach a settlement to avoid further appeals, and thus hikes of 5% to 10%.

[1] Ripple v. SEC court case update as of January 30, 2023
2342  Economy / Economics / Re: Indonesia Completely Positive about the Crypto - To launch Crypto exchange on: February 03, 2023, 03:16:48 PM
There are not many details, but the creation of a government cryptocurrency platform necessarily requires government recognition, which is something I do not expect to happen, so all this news is speculation and that platform may not see the light.
I do not know why the government wants to enter by itself and not just set regulations and legislation and ensure that investors’ money is not used in the interest of the platform’s goal or manipulate it, but if that happened, it would be good news and have a positive impact.
2343  Economy / Trading Discussion / Re: Crypto Currency trading without knowledge on: February 03, 2023, 03:00:05 PM
I do not know, but the advice that you mentioned is not considered useful for every trader.

Seek advice from a professional: You can consult with a financial advisor, stockbroker, or another professional who has experience with cryptocurrency trading. They can help you understand the risks and potential rewards involved and provide guidance on how to trade.
No one can predict the price, and you rarely find a logical analysis without being paid or having personal experience. Therefore, unless you have knowledge that you can distinguish between what the experts are trying to say, you will lose your money.

Use a crypto trading bot: A trading bot is a software program that automates the process of buying and selling cryptocurrencies based on predetermined rules and algorithms. Some trading bots require a certain level of technical knowledge to set up, while others are designed for novice traders.
Trading bots make trades when you are not there and unlike technical knowledge they are not a magic bullet but rather a tool that makes you present in the market while enjoying your life.

Invest in a crypto index fund: An index fund is a type of investment that tracks the performance of a particular market index, such as the S&P 500. A crypto index fund invests in a basket of cryptocurrencies, providing exposure to the broader market without the need for individual stock picking.

Investing in a crypto index fund? So you will again put your trust in unknown and unregulated parties.
2344  Economy / Trading Discussion / Re: Bitcoin Remains at Critical Level of Buyers And Sellers on: February 03, 2023, 02:49:00 PM
On the hourly chart, bitcoin/USDT is trading at an important level. There are high chances of a breakdown and it could touch the nearest support at $22,600 for this week. Conversely, the $24,000 level was a major selling area.
There are no important levels that we monitor in this range. The nearest level is $21,000 and $19,000, which is the barrier between the previous peak and the current rise. As for the current levels, they are psychological levels, and thus the price reached a state of stability after reaching the bottom at $16,000.


Attempting to predict the short term will be useless, given that we will be in the range between $19,000 to $28,000 for a long time. Breaking these barriers is what will give a future signal of a major change.
2345  Economy / Scam Accusations / Re: Loan Defaulted [Yolo89] ! on: February 03, 2023, 02:34:23 PM
😂😂😂😂😂
Such responses mean that you have no regrets, that you have defaulted on a personal reason, or that you need the money.
I am now sure that this account has many alternatives, so search and you will find one of them active and participating in on of bounty/signature, such scammers will not stop looking for easy money.
2346  Economy / Trading Discussion / Re: how to trade short term in crypto,, on: February 02, 2023, 10:11:26 PM
I'm still new to crypto, but I want to ask you all, how to trade for the short term in crypto, so that our continue to be profitable..?
You will listen to a lot of comments and guidance, but you will not achieve profits in the long term, given that you are a beginner and feelings will control you. The best strategy for you is Dollar Cost Averaging (DCA), which means buying bitcoin at a specific price every fixed period of time, thus avoiding the problems of ups and downs, but it is a long-term strategy.
Therefore, learn more, and therefore in demo trading, it is best to gain experience and from which you can trade daily.
2347  Economy / Trading Discussion / Re: How to Deal with Volatility? on: February 02, 2023, 10:00:15 PM
Diversification: Spread your investments across different cryptocurrencies and assets to minimize the impact of market volatility on your portfolio.

Diversification means your investment in different investment sectors. These sectors are not related to each other, or at least they work in opposite ways, so that you achieve a gain if one of them decreases because it works in the opposite direction.
Therefore, the only diversification we can say is investing in currencies linked to the dollar and gold, given that these currencies are dangerous and have no guaranteed value, and therefore there is no such thing as diversification within the cryptocurrency market.

In general, volatility is useful in the event that you want to trade, but for long-term investment, do not be afraid of that.
2348  Alternate cryptocurrencies / Speculation (Altcoins) / Re: For Speculators, Pancake Swap (CAKE) Has Become a Healthy Delicacy on: February 02, 2023, 09:25:37 PM
Pancake Swap (CAKE) is a utility currency which mean that coin provide service which is witnessing a demand, this will be reflected in more demand and thus more rise, this is something that did not happen in the short term and will not happen except with technical progress or the failure of competing projects.

Thus, making economic estimates based on the price of Bitcoin, which is also another variable, meaning relying on a variable that is in itself a variable that makes it closer to adventure.

So without technical development, or the collapse of competitors, the demand for de-centralized platforms increases, do not expect much.

2349  Economy / Economics / Re: The Dedollarisation is on the road on: February 02, 2023, 09:05:04 PM
I began to see that there is a tendency not to move away from the dollar, but why countries do not exchange with each other away from the dollar, in a system closer to barter, and the reason for that is not because they do not want the dollar, but because of the US sanctions.

For many years, US administrations have been using the economy as a weapon, and the warhead here is the dollar. Therefore, exchanging goods between countries without dollars will avoid those sanctions that were generally linked to the dollar.

So far, there has not been an alliance to do this, but Brazil, Russia, China, South Africa, and here are attempts to include Saudi Arabia in that alliance, as an alternative to G7.
2350  Other / Archival / Re: [ANN] [banned mixer] - Best Bitcoin Mixer / Tumbler on: February 02, 2023, 08:53:06 PM
has anybody tried and tested out the "advanced" mode ?
With such fees, I do not expect that it will get a lot of testers.+ no proof of its working mechanism.

I hope [banned mixer] think again about the fees, with an explanation of the site’s working mechanism.
There are many alternatives and therefore [banned mixer] must compete with multiple alts, either with low fees or by proving that their service is more efficient or has a feature that is not available in the rest of the services.
2351  Economy / Services / Re: EmoneyMax Crypto Marketing Service on: February 02, 2023, 08:34:16 PM
In short, you provide a high-quality spam service, right?

Quote
What is even better our team post those comments manually so there is no problem with removals, moderation or banns.

If you intend to post in ANN topics in this forum, the service that you provide is prohibited, regardless of the quality of the posts, it is forbidden to make paid comments in ANN, not to mention paid comments that will give a revival to the user that there are actual experiences for users while they are all paid.

In general, without proving that there are popular and reliable accounts, filtering the projects that you accept, and for everything to be clear, your service will most likely not differ from the rest of the spam services (perhaps it is only of high quality).
2352  Economy / Exchanges / Re: https://crypto-exch.com/ ? on: February 02, 2023, 08:17:26 PM
https://crypto-exch.com/ what that site guys ? is it legit ? They want deposit for account verification for withdrawing
Where did you get such a site? It's like someone trying to learn how to create a website, there's no indication that it's an exchange, I thought it was a news site.

They claim that they have about 369286.15 BTC (24 hour volume,) although the date of creation of the site did not exceed a few months.

Quote
Expires On2023-11-20
Registered On2022-11-20
Updated On0001-01-01

It's a scam, don't fall for such a cheap scam.
2353  Alternate cryptocurrencies / Altcoin Discussion / Re: Hackers stole $3.8 billion from crypto investors (mainly through Defi) in 2022 on: February 01, 2023, 09:05:58 PM
Which is why proof of stake is horribly risky and unsecure imo.
I do not think that this is the reason. If you look more closely, you will find that there is not a single case of hacking due to the Proof of Stake system, or that there are no obvious flaws in the system.

The problem is with bridges, tokens, decentralized platforms, and central Bitcoin networks that claim to be decentralized. All of these networks have poor programming and are therefore easy targets for hackers.

$1.4 billion of $3.8 billion is from bridges Hackers have stolen $1.4 billion this year using crypto bridges
2354  Economy / Scam Accusations / Re: Loan Defaulted [Yolo89] ! on: February 01, 2023, 08:46:44 PM
Sorry for your loss It's a lesson for the future.
I do not think that the user will try to log in again because 26 posts do not mean much, perhaps if you know his personal information you may try with it, and even more negative trust will not change anything because his account is worthless.

often lazy scammers are like that so try to track that address( similar username/posting style)  and I'm sure he has other accounts in the forum and may be participating in one of the campaigns in the forum.
2355  Economy / Scam Accusations / Re: [Warning] Ethereum smart contract scam bot.... on: February 01, 2023, 08:13:20 PM
But this scammer group will not give up easily they will use more methods to reach out to crypto users. Since the crypto market is in a good trend it is expected that scammers will now find different techniques to scam crypto users. So now if you get any tempting offer from various channels it is important to research it well whether it is genuine or fake to be safe.
Wasn't it easier for you to write "pump", since it's been more than 3 months since the last reply?

Unfortunately, most of us do not review the code just because it is open source, which means that it is reliable because anyone review it. Unfortunately, the good developers who review the codes do not have enough time to follow the codes that appear in the quick profit platforms, which are mostly visited by beginners.

Unless the phrase "quick money from cryptocurrency" disappears, this scam will continue.
2356  Economy / Economics / Re: BuzzFeed says it will use AI to help create content, stock jumps 150% on: February 01, 2023, 07:56:01 PM
In short, it is a representation of what the market wants, but I see that the reason for the rises is not always due to cash payments from investors, but rather it may be sometimes an exaggeration that the company carries out by buying its shares, then it needs positive news and therefore it searches for hot topics such as artificial intelligence and then carries out a process Buying them stocks to pump the price and showing it as a trend in the news, and thus more investments.

People will not talk about a stock price that rose by 5%, but they will definitely do so after the company announced the acceptance of Bitcoin or AI.

So you find this pattern happening with random companies with random new/trend topics.
2357  Other / Off-topic / Re: Fed Rate Monitor Tool on: February 01, 2023, 07:30:03 PM
After the decision of FED hikes rates by 25bps, it seems that the upcoming meetings will be expected and therefore the market will calculate them, which means that we will not see real changes in the price.

Also, the Fed’s decisions are not considered market makers, and therefore they will not change prices in a way that makes monitoring them the basis, and they occur periodically and not daily or weekly, which means that we will consider waiting for 6 Weeks 6 Days 22 Hours 37 Minutes for the next meeting, which is a period beyond being monitored by this tool.

In general, although it is a good tool, I do not see any benefit for it in cryptocurrency market.
2358  Economy / Economics / Re: Throwback - Tesla lost $204 million in Bitcoin, but learn the lesson from this! on: February 01, 2023, 07:17:51 PM
TESLA NEWS ARE BACCKK HAAAHHHHA

In the next ten years, we will see more of these companies expanding from getting rid of cash, and then they will either try to find their own centralized solutions or accept Bitcoin, and even if that does not happen soon, we can use Bitcoin through these platforms in a decentralized manner.

What I am trying to convey here, do not follow all the news about Bitcoin and Tesla, there will be more stories in the future, the most important thing is to focus on the decentralization of the network despite all the allegations that were linking the price of Bitcoin and the investments of that company.
2359  Bitcoin / Bitcoin Discussion / Re: Main Stream Media trying to defame Crypto / Bitcoin on: February 01, 2023, 06:54:48 PM
I see that the bad news is much better than the good news because it is a sign that the bear market is over and more low prices are an opportunity for you to buy more before Bitcoin moves to rise again.

Therefore, I will be happy with all this FUD, unless this FUD carries false news or misleading articles. As for biased articles, this is the nature of the central media.
Why do they do this? I am not a fan of conspiracy theories, but I think they know little about Bitcoin and digital currencies, because ignorance is what drives them to write such articles.
2360  Economy / Speculation / Re: Bitcoin Price Still in a Consolidation Phase, Can the Market Be Predicted? on: January 29, 2023, 10:54:28 AM
Bitcoin price can be predicted as a trend or a price curve, but it is next to impossible to predict a specific price range, especially if it is narrow or between $1,000 to $3,000 in the medium and long term.

During the first years, it was easy to predict that the price would not reach $10, and therefore the range would be between $1 to $5.

 - Over time, the price reached 100, and thus the range of change from $20 to $50.
 - Then to 1000 dollars, and thus the range of change from $200to $500.
 - And to 10,000 dollars, and thus the range between $2000 to $5000.
 - And now at $100,000, so the range is between $20,000 to $50,000.


Perhaps the cycle will continue for the next few years.
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