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2341  Other / Beginners & Help / Re: Switching from Coinbase to Binance for the moment. How do I do this? on: April 13, 2021, 11:41:45 PM
cool, thanks guys! and ya'all were right, it was pretty simple once I knew the steps. I was able to successfully transfer. I had to wait a good 10 minutes while it was pending but it worked.  Grin
Good thing you've made it without any technical errors, but I think that isn't about 10 minutes, based on my experienced, it's almost an hour but it doesn't matter as long as you've successfully transferred your fund to Binance.

Always make sure that you've double or triple check the recipient's address because when you hit send button, it's an irreversible transaction or you can't undo your transaction, not like fiat that the sender might able to chargeback the transaction.
2342  Economy / Exchanges / Re: What is the cheapest way to buy bitcoin? on: April 13, 2021, 11:25:43 PM
Aside from Binance USA that others mostly suggest, you can check if there's a local Bitcoin ATM around your area. Instructions including all associated fees should be stated there as you operate it.
No, I won't, I won't suggest buying Bitcoin on an ATM machine, they had terrible fees.  In exchange, if you're willing to hug the fees about $5-10 it might double when you are in a Bitcoin ATM machine which makes you frustrated.  Cheesy

IMO, it might good for Coinbase pro since this exchange is US-friendly and regulated.  They had the lowest fees available for US and EU customers and I have heard possible zero fees if I'm not mistaken.

Alternatively, it might also good if you will choose a P2P exchange like Bisq.
2343  Bitcoin / Bitcoin Discussion / Re: Saving asset in bitcoin is much more better than saving in banks on: April 13, 2021, 10:47:51 PM
Just make sure that you'd understand the whole concept of Bitcoin and how it works, what I mean is the volatility of Bitcoin that makes the price up to and down every now and then.  Because there's a risk upon holding and it might not give an accurate time frame when is the perfect time of getting profit.  And yes, you're in the right decision.  Be at your own bank in Bitcoin saving investment will work after how many years of patiently holding.

If you didn't see saving your asset in the bank isn't good and might Bitcoin is the key to your problem, I suggest studying it first, it's very technical upon using Bitcoin most especially when you choose storage that you can keep for how money years.
2344  Other / Beginners & Help / Re: Security Measures to prevent getting hacked? on: April 12, 2021, 02:35:23 PM
I have been using various Bitcoin wallets for almost a decade now. I have used online wallets, exchange wallets, desktop wallets, paper wallets and hardware wallets to store my coins. Fortunately till now, no one has been able to hack my coins.
Different wallets have a different purpose, I won't hesitate my self even I used a web wallet but of course with a small amount to store.  A big amount should be on the offline wallet that you have control over the key or even hardware wallets because I have heard that HW had a feature to protect themselves from malware infections.

Anti-virus might contribute to an increase in the level of security but it doesn't mean you're safe and you can rely upon them, it's always our responsibility to protect our Bitcoin or crypto assets safe.

  • Have a healthy web-surfing behaviour
Lol, it means avoid surfing on adult sites.  Cheesy
They're very prone to malware infection.
2345  Bitcoin / Development & Technical Discussion / Re: Representing fractional satoshis in difficulty-like format on: April 12, 2021, 01:56:44 PM
It might time will come and across on that fractional amount in the future if Bitcoin will become very expensive.  The only way to buy for a cheap amount is the xx amount of bit numbers to determine the amount.

For now, the smallest one that we heard is the satoshi or sats for transaction fee and it's rare we even heard a bit or even a millibit.

However, here's a thread for Bitcoin Table of Units, and as I can see on that thread the smallest unit is tam-bitcoin that I thought before the smallest one is the satoshi amount.  Cheesy
2346  Economy / Speculation / Re: Analysis of Bitcoin and other Altcoins on: April 12, 2021, 01:17:08 PM
I don’t think that these numbers are abnormal.  IMO, it is more expected depending on how long you have been in the industry.

Bitcoin has been accepted as being volatile, honestly, that's where the excitement comes from.  In Bitcoin, as long as transactions are happening every day, that’s enough.  You just had to play along.

Bitcoin going back to its old price?  Scary?  No, it's somehow expected.
People could take advantage of it still and just wait for the next bull run as usual and Bitcoin isn’t a stable coin, dominance will always change and that’s a good thing.  Making it stable is making it having its true essence absent.
2347  Bitcoin / Bitcoin Discussion / Re: The Cryptocurrency with visa and mastecard on: April 12, 2021, 01:04:02 PM
Coming legal legit.
So what's the next step once the cryptocurrency is legal?  

If in case cryptocurrency is already legalized, you have to be worried as the government will find its way to make it centralized.  The essence of Bitcoin will vanish slowly as it will be controlled.  I don’t really like to concept of Bitcoin being massively adopted by the people as more people attract manipulators.

But yes, I think it is inevitable that users will embrace the pioneer currency in the future.  However, master card and visa being associated with Bitcoin is no surprise.  It really is possible.  

The big question is, when?
2348  Alternate cryptocurrencies / Altcoin Discussion / Re: Ultimately long time holders are enjoying the real BEAUTY! on: April 12, 2021, 12:27:19 PM
This also applies to all of the assets in the world.  But if we’re going to isolate cryptocurrencies,
Long-term investors indeed benefit the most.  But it still depends though and depending on how much they were able to keep for a long time.

IMO, we can't generalize it and some people do keep assets for the long term but the funds were not enough to grow that much. (They haven’t taken advantage of it that much)

Of course, not all of the investors do have funds to keep and I would prefer the one you did than keeping it in the long-term.  Imagine if you haven’t traded short-term?  Would you earn enough as what you have right now?  I don’t think so. 
So stop having regrets and the praise is yours.

BTW, it's a good job.
2349  Economy / Economics / Re: Diversifying with REITs - buy a prison :) on: April 12, 2021, 11:28:51 AM
~
I'd have no moral objections investing in a REIT that had prisons in its portfolio, though I do agree with some of the sentiments expressed here that private prisons shouldn't exist.  I've heard horror stories of abuse that goes on in some of them--but I've heard many of the same stories about government-owned prisons as well.  In any case, I don't choose my REITs based on the type of real estate they invest in but how much of a dividend they pay.

I'd say the same words, but in reality we can't sleep well when making profits from supporting something which is evil. Private prisons isn't a bad thing though. In many cases the inmates are getting better detention conditions than in the public sector. That's because contracts with private prison companies are signed on a competitive basis. Once all the prisons are owned by one entity, the government in our case, there's no competition, and the conditions there can worsen indefinitely. Maybe they won't, but we have to trust the government on that, while if people are imprisoned by a third party, we can trust the market.
Meh as either but my presumption is might the Prisons are 99% owned by the government.
That’s why REITS for prison isn’t really something we can tell true (legally) or happening.

On the other hand, the good thing about it is the security it can give and of course, tax benefits.  Real estate is one of the secured industries and it would only take a 5-10 years recession to put it down.  However, dividends from own these assets are way too far from Bitcoin trading or investment when it comes to margins.

Most of the people here seek great risks and great rewards.  So I think it wouldn’t work that well here and also, most of the people here don’t want formal investments that much as they do stuff under the table IMO.
2350  Economy / Economics / Re: Counter trade every decision central bank make on: April 12, 2021, 10:36:26 AM
Finally it has to come to this point, every decision central bank made, is outright worthless, to protect yourselves, you should counter trade every single decision they made, when central bank decide to issue digital currencies, it’s your time to counter trade their decision. The way to counter trade central bank, by calling them centralised surveillance fake money, what’s next?

But how do we counter central banks digital currencies? For me counter the coin would be to short the market and try to decline the value, but the central bank can just issue new ones. This is very risky for us because the central banks have unlimited miney
The best thing for us is probably just to avoid these coins and stick to our crypto coins.
I don’t think that we had to fight against Central Banks as of this moment.  We just had to wait until people become educated enough to know the difference between trust and genuine value.  IMO, not all people know how money works, they just know that money is money and they can spend it and buy what they want and need.  That’s how poorly educated people are and for those who didn't have financial management.

That’s why the influence of the bank is too high compared to digital currency or cryptocurrency.  They are being seen as the authority or the one really in charge.

For now, let’s just focus on helping people to educate themselves in finance.  If that came, the central bank will raise its hands automatically and follow the people’s rule. 
2351  Economy / Trading Discussion / Re: How to reach that next level of crypto knowledge all beginners have to face. on: April 11, 2021, 04:24:42 PM
What online class should I take so that I can comprehend what I'm looking at when viewing this webpage? As of right now, it's all greek to me. I understand the graphs just fine on coinbase, but coinbase pro is useless to me because I don't understand any of it.
I don't find any but I think that belongs to this crypto trading course.
https://www.udemy.com/course/technical-analysis-for-cryptocurrency-trading/

This what you might learn that relevant to your question.
  • How to Use Levels, Trend Lines, and Channels to Set Up Your Charts
  • How to Use Volume With Support & Resistance to Identify Trend Strength
  • How to Read Candlestick Charts Effectively to Determine Market Trends
  • How to Trade Chart Patterns With Technical Indicators

Alternatively, there are too many books and Youtube video tutorials that you can learn with.  Just use sometimes Google search and it will help to find your queries.  It might you will realize online classes and so your own research is almost the same as spending a dollar in your online class.  Good luck with your trading.
2352  Economy / Service Discussion / Re: When would I get my bitcoins from Elon Musk? on: April 11, 2021, 03:47:11 PM
People should understand that the Bitcoin double offer investment is always a scam and there's no way for them to called legit.  Elon Musk's identity is very popular and every influencing, there's no reason why hackers will not choose his profile to fool people and become their next victims.

Based on this article shows the number of giveaway victims was decreased this year,


but,.. the total amount that taking by give away scam seems like was increased.


BTW, to OP,a sorry for your loss and I hope you will learn from these mistakes and don't let that it will happen next.
2353  Other / Beginners & Help / Re: My battle with the forum on: April 11, 2021, 03:10:18 PM
I tend to agree with other posts above, always read first with those sticky threads per boards on this forum because it contents important details and information regarding forum rules.  If you're aware, you can simply avoid those possibilities of deleting posts like commonly low-quality posts.

For example here in the Beginners & Help section, there's a sticky thread you should learn first before posting.  As a newbie, I advise you to spend a week(s) of reading before starting posting, in that time frame it might you were fully aware of forum rules which also include the dos and don'ts.

Be always on the forum relevant topics and you'll always be fine.
2354  Bitcoin / Bitcoin Discussion / Re: Most expensive account ever bought on: April 10, 2021, 11:48:12 PM
Yes, everyone here experienced that and even the signature campaign before that run by yahoo has a good payments rate, just because before there's no dollar base.  I even once checked my Blockchain wallet before, how I wish that the fund was still there and can able to withdraw with the current value.  But unfortunately, we already spent it and there's no way to back our wallet.

None of you beats the pizza guy.
Yeah, 10,000 Bitcoin for two Pizza.  That's Laszlo Hanyecz.
That had an incredible value as of now and you can even buy how many Tesla on that amount.

Even those Bitcoin donator members in the forum before, do you think they regret it now?  Cheesy
2355  Economy / Scam Accusations / Re: Elon musk 5000 BTC give away scam ad on: April 10, 2021, 11:00:59 PM
Ain't know why there are people who fooled a scam strategy like this which is very obvious it's a scam, ain't know if Elon Musk is generous kind behind of his being the richest people on earth who will give that amount to random people.  You must think about it before they will be the next victim.

I tend to agree above if you saw the live video or a video like this, report immediately so that YouTube will be shutting down quickly the videos, they are social media too and they can't able to filter what is a video uploaded or what is the content of the live video, once they receive reports it might be that's the right time they will shutdown the video.

From Twitter to Youtube and then what next? How many times there will be a victim until people will educate on such a kind of fraud activity.
2356  Economy / Trading Discussion / Re: Trading book I have read so far on: April 10, 2021, 04:57:41 PM
- Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude (by Mark Douglas) : understand how other traders have built their strong mental with consistent winning. The willing to control your emotion and how to get rid of bad behavior. This book will make you become more disciplined. No detailed technical analysis in this book
The best book for crypto traders that willing to learn and give you a perspective view of the possible challenges you might encounter in the future.
It has a psychological approach for me that truly improves my trading skills and possibly has a positive result in trading, though the author didn't have spoonfed content regarding the crypto trading system for a simple way you'll understand and there's truly justification of being traders.

There are too many crypto trading books out there that it's pretty helpful to read and understand, but the willingness to learn sometimes wasn't there.  Anyway, thank you for sharing this book, and glad to see that my favorite book was there, Mark Douglas was a great author.
2357  Bitcoin / Wallet software / Re: Paying out customers with BTC , cheapest solutions ? on: April 10, 2021, 04:31:16 PM
Electrum wallet using SegWit address is the best way to send bulk transactions at once.  You can modify the fee into low fees and create a single transaction with several outputs into different addresses.  On the send button box, you can type their addresses and amount on one line, separating them using commas.

You can watch it here the Youtube video tutorial regarding that matter.
https://www.youtube.com/watch?v=McSVXIJw6FI

Or else, you can use the Lightning network and creating a channel for your micropayments bulk trsanctions and following this thread, Electrum Lightning Network walkthrough

I heard also Bitcoin core had this kind of feature but I don't know yet how to use it.
2358  Economy / Economics / Re: Texas Could Recognize Bitcoin As A Legal Currency on: April 09, 2021, 03:24:22 PM
IMO, I have had this feeling that Tan Parker has a big investment in Bitcoin or cryptocurrency.  The way he proposes the bill protects the entire users to have their cryptocurrency in and out.

Texas is a very conservative state, that’s why I don’t really think that this law will pass.  But we will never know.
They are currently strengthening their finances there.  I heard that there is a lot of people moving to Texas because of their taxes, but honestly, I don’t want it to be legalized as restrictions will incur often. But if It will pass then good to hear and I think they were inspired by how Wyoming taking advantage of cryptocurrencies now.  I wonder how many collections they had after passing the bill.
2359  Economy / Speculation / Re: Bitcoin price has reached new high price near 59K on: April 09, 2021, 03:07:53 PM
Yeah and I thought it was reached the $60k amount, but it is almost and considering that is a new ATH.

I would rather see altcoins growing and Bitcoin having a lower dominance rate if it means that people are having fun with the market and still able to sustain.  The question is, up until when would Bitcoin be stable? 
This is a golden question we had to get answers to (unfortunately, impossible because of the volatility of the market) we know that there's no infinite growth of Bitcoin price and it could be now and then it will dump, as in dump like what happened right after the previous ATH, it was drastically down. 

And the good thing today is, during the alt season, stable coins can be used in order to keep stay the same.  I would actually suggest people go to stable coins during the season if they are a short-term holder, just to make sure the consistency.
2360  Economy / Exchanges / Re: open source crypto exchange on: April 09, 2021, 02:42:52 PM
..good but this doesn't support all altcoins
I think there's no single exchange platform that supports all cryptocurrencies listed on CMC, it might even Binance, they don't list all altcoins on the market cap so there's no chance that you will find one exchange that supported all altcoins.

As already suggested already above, Bisq and Uniswap are the most common open-source decentralized exchange.  Here's another one, HollEx Kit exchange it seems I heard this but I don't have any personal experience it, so better to find your own way.

If there's centralized exchange open-source might vulnerable to hack and the reason most of them DEXs will survive in the trading business field because hacks and cheat are far away from them.
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