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I'm not a big fan of trading tools really, I do what I think I need to do in trading but I've heard that this tool kinda help a lot of traders. You guys need to understand that the market is very unpredictable, signals are just based on what happened in a month, week or year so they follow the same flow of that, the accuracy of getting what you expected will matter, if it is less than 50% then you should quit using that signal, otherwise if it is 50% or even higher it might help you on your decision making. To be honest you'll feel more enriched if you move alone in the market, no tools, no signals, just you.
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Hey people. Are you expecting a correction in the next days. A lot of talk about a price dump around 10% before the halving starts. How serious can this be?
You should and you must have to expect that all the time. This kind of whales trick isn't something new to us, we have that before and that 2017 is showing how whales get huge participation to that unexpected dump. If we closely check the market movement, the market correction will possibly happen and I'm afraid how newcomers could deal with this thing knowing that they are expecting a lot for this halving. Not only noobs should take this seriously but all of us. The market seems too tricky enough that might catch us someday. No one can predict the market so how do we get any price correction then? Whales doing could reflect in the market, yes, but I don't believe they are the ones behind your so called price correction. Whales are pretty clever coz they don't want their money to be liquidated, they won't let us guys gain from their money. Don't expect that much for the halving this year, the whole scenario is completely different from what we had back then, if we want to pump the price we are going to need a lot more than this but I think we are all scared to go for it. |
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I don't see any threat for someone who keeps monitoring your move in blockchain, so what if you are being monitored? they can't do nothing about it. I guess the use of many addresses is for trader with huge amount who is active engaging to the market coz I it won't be a problem for holders. The idea of using many address is great, to strengthen your anonymity and privacy, I want to personally recommend this one for more safety and security from online criminals.
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Okay we get it, less cars, less vehicles traveling so the oil is not that what we really need right now
Even the oil price in our province is low. Since we have tricycle and it uses oil and fuel (which also has a low price), I advised my mother to buy extra but not too many because it is still dangerous. Fuel can cause fire plus the weather in Philippines in this month is so hot. So those extra are just in case of emergency plus save money due to low price. If you guys are regular consumer of oil might as well you buy as much as you can these days with price not having a roll back or an increase, just buy at the last price of oil from your market it is still unaffected. Don't you worry about the weather, if it is too hot, from tropical country like Philippines it never reaches above 60 degrees too far from the smoking point of an oil which is relatively from 300 degrees celsius to 500 degree celsius. |
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Gold seems to be more a safe haven in history but since bitcoin already came to give us more option, I believe that gold and bitcoin will be here to help us and to serve as our safe haven investment. Holding some gold and bitcoin makes me more comfortable with my investment, there’s still a big risk but its all up to you on how you handle that risk.
Nothing is safer investment than gold, and that should be enough to answer the OP's question about it. It has been talked for a very period, I guess it's time not to compare bitcoin with gold anymore, Gold has been here for the ages, the government already made it as reserve for the country so that basically means gold is the safest investment. We tend to compare bitcoin with gold just for a single reason, the price, when in fact gold has more advantage than bitcoin in many aspect. |
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A client is trusting you to buy $882,501,000 worth of Bitcoin, and you don't know where to start? Seems legit
Super legit haha lol. Aside from the worth of bitcoin he is trying to buy, his account is brand new so who will believe on this guy? I get it, buying from exchanges will costs you a lot with this kind of amount but man that is heck a lot to buy from an escrow or direct seller yet you don't know where to find the right people. I expect this kind of question from a whale, but from the impression I got from you you don't look one of them. |
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I did a search about the address 1EvVR9JcUGvP2S9bHKvs7EzkoeXR12NTyS on bitcoinwhoiswho.com and it seems that the scammer had stolen around 2.6 BTC/about 23,355 USD. https://bitcoinwhoswho.com/address/1EvVR9JcUGvP2S9bHKvs7EzkoeXR12NTySThis address can be reported as scam on bitcoinwhosiwho.com,but additional evidence is needed,like screenshots,type of scam,etc.Perhaps OP can provide this info and report their address as scam.The stolen bitcoins most likely will never get returned,but other people should be aware about this scam. It's a good idear to mark the address as scam, aswell as going to your local police and create a complaint. However, don't get your hopes up: the odds of actually getting your BTC back are very small (allmost nonexistant). Only if the scammer is caught and your local police is informed and connects this information to your legal complaint, you have a small chance of getting a small part of your funds back. If the thief mixes, coinjoins or exchanges to a privacy coin using an on-the-fly swap-site, the police won't even be able to follow the fund's trace, and if they ever catch the guy, odds are they'll never be able to pinpoint you as a victim. Marking the address sounds a good idea however the scammer can easily transfer it to other address, a new one and just send it to another using btc mixers. The odds of recovering the funds is pretty impossible, and I doubt a police complaint would do so much for you coz I don't know how the police are going to locate the suspect for just using the address, they need to speak first with the cyber crime operatives for that. Like it has been said before: it's more important NOT to trust your pc and learn the (expensive) lesson this ordeal has taught you. You should consider your pc to be infected, if you're not an expert there is no way of knowing if the thief installed other malware, disabled certain services, stole private info,... My best advice would be to start from scratch: clean OS, virusscanner, firewall + hardware wallet. You should never install any illegal or unknown program, script, plugin,.. on a PC that's being used for financial transactions (including crypto wallets), you should keep the attack vector as small as possible by only installing the binaries you truely need, and you should keep everything patched (and remove any app that's no longer actively supported).
Random hacking like this is probably because of unsafe and unsecured web browsing, this is a form of malware attack that has been downloaded to your device without you noticing it. This maybe not a good time to give you hopes anymore, that was embarrassing but you have to deal with it and move on afterwards. |
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What does your take in this? How could you apply it in trading cryptocurrencies? Are there any interesting books, articles or an informative video just like what I have mentioned that you might wish to share?
I agree with you because gone are the days when the cliche way work/hustle hard but now it has been change entirely to work/hustle smart. I believe it applies in any aspect of life especially when it has to do with investments, it is not always about taking bigger risk but the best is taking calculated risk. In a market as volatile as cryptocurrency market, taking huge risk is not an healthy choice. Although, alot of people turn billionaire through that approach but still, it isn't worth it. I doubt there are already books about cryptocurrency trading since trading is a complex stuff and talking about it with a single book is a crap. The market changes constantly, the prices , the trend, the situation it couldn't be on the same book for a thousand of times. The best for knowledge is the internet, simply because the internet has it all. Taking about the risk and reward, I must agree they don't corelate but when you have the market trend, you understand the situation, and you know what to happen then surely you'll get what you risked. |
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Well man if you are looking to the chart and aware of what is coming after 2 weeks you'll surely love the idea of investing it with bitcoin with a fast hand pulling it out. Just about 3 or 4 days ago, I was trading bitcoin in binance the price is just running roughly around $7400 to $7500 but look at it now it is $8100 that only means that it is a preparation for the bull run. On the other side, ethereum was on the good run too, So I think it is square enough to diverse your $350 in it, $250 for bitcoin and $100 with ethereum. Me I have them both on my portfolio with XRP.
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I also accept a point about legal issues... Legalising crypto's in many countries...will bring big players to participate and when such exposure happens...i think lot's of the technological issues can be sorted out...  I think putting aside the legal issues with most countries, there is also the problem of transaction confirmation, price fluctuations and trust in transaction, though this can be minor reasons compare to the legal issues, many countries still have restrictions to use or accept btc, this can be challenging to most small and medium sellers, Even the volatility of bitcoin alone is enough why these marketplaces is not yet accepting cryptocurrency payments. These companies won't let the decentralized network decide when they can get their revenue not on a coin whose price is dependent of demand and supply laws. Well aside from legal issues, coz there are many imposed against bitcoin, there have been a long talk on bitcoin whether if it should be on the methods or not, so far I've seen some adoption and it's great. Again, like you said, I think people still rely heavily on the use of fiat card payment than using btc, it is more in theory than in practice, I think haven't gotten use to using it yet, and there are not much places to use it.
Look, bitcoin will only take a second to transfer but fiat will take you less time than that, imagine you are just buying a clothe, it's easier to pull out your wallet and get a couple of bucks than opening your phone, go to e-wallet, scan the merchant's address type the amount etc. |
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I prefer to use binance than coinbase pro. But it is difficult if we compare between binance and coinbase pro because every people will have their favourite exchange, so they will say they choose binance or coinbase pro based on their experience. But binance will have the benefits for people, especially for new people because they can avoid for KYC which make many traders don't like it.
I'm using the 2 and Imma say the same things too, binance and coinbase pro are top tier exchanges however there is something with binance that you cannot take away to consider when trading. If there is one thing I like about binance, that is their futures trading, Bitmex has the same futures trading but Binance got this 125x cross leverage, it means you'll earn more than what you are suppose to earn and that's a sweet of sound to most of the beginners isn't it? |
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Personally, I am not a type of person who likes a lot of introduction, a basic knowledge about bitcoin and how to trade would be enough for me.
To other things, me too but in trading? I guess it will take you more time than what you expected before getting through with it. A simple strategy won't work with all market situation, you must know how to apply every strategy with any market situation, that's what I learned when I began. There are fast learner people who can easily cope up with simple steps but there are also people who isn't that fit for the work however there are way to get to it. |
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If we were to go to a 100% bitcoin currency system. The banks and governments would loose control of whole financial system. The present governments would loose control.
Therefore a new system would be needed to run each country. What do you think would be the new body of control?
How could this work?
What type of system would be put in place on this.?
I don't think the people can control themselves as too many minds and ideas of where things can go in a direction. Therefore you still need a council or kingdom of control.
your thoughts.
There won't be a new control of financial system, Banks and fiat will continue to be in charge. The most realistic scenario is the banks employing the Artificial Intelligence for operations. Absolutely, even if we fantasize bitcoin being our universal currency banks and fiat will not going to be replaced by a decentralized network. NEVER. and Why would the government let that happen? they set the banks, fiat, and everything in financial they won't just be too silly to let people decide what currency to use. There will be system in the future but it's hard to believe that it will be bitcoin in the first place. Bitcoin should continue as alternative payments for its enthusiasts.
There is no need for kingdom of control, but it will still be in control.
Bitcoin is just an alternative solution, and it will always stay that way, we can't force things out. |
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Seems like the Americans think that the government cares too much about them, without knowing that it will grab them by the pu**y after all of these things are said and done. The US gov't seem to be pretty generous to their citizens as of late, possibly due to the up and coming elections but idk. The response to the pandemic seem to also be received quite well by the Americans, although of course these things aren't for free and someone has to pay all those money that have been tossed in the air. Then again, all of these things are proposed and are subject to further modifications that the government sees fit. Regardless, it's a good time to be an American citizen receiving all these funds, and smart to move out of the country once things are over.
The willingness of US government to step out and help their citizens is a rare sight to see nowadays. I am not sure if all these are happening due to the upcoming election or not, but such kind of stimulus is actually helping people. I think you are calling it incorrect mate, it is not willingness, it is a duty of the US government to serve their people especially in times like this one, with the pandemic. They have the highest covid case so far, so I don't think they should be sleeping in any minute of the day. Stimulus = reliefs, these checks are from people's work from their taxes so there is nothing unnatural for the government not to give it to them. It may have a bitter impact on the value of dollar at a later stage or even the economy will probably take some time to come back on track - but US government is really doing what is needed during a pandemic. It is ensuring that their citizens are not starving and not becoming homeless due to this situation. If I look at it from humanitarian perspective - it's positive!
Even before the pandemic went it, there have been economic downfall in the USA. They should choose the wise choice, like Italy who has been careless about its economy but careful to their citizen. |
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How many times has Bitcoin's end been "predicted"? How many times has it ever happened?
Exactly. They have never been right. Although BTC had its ups and downs across the way, today it's sitting at a massive price of $7.6k and people are still "predicting" its death. Only 5 years ago it was under $200 and nobody thought it'd ever recover. meanwhile, I did. I thought it would, I cared about it and here I am sitting on the same position I was in 2013.
I've seen enough for bitcoin end drama. Bitcoin's core is our speculation, the more we speculate for the price the more it moves no matter how negative or positive it is there will always be interaction in the market. Bitcoin is bubbly, yes it is, but it already gained so much reputation to the web that it could not get any lower than $3K anymore. Bitcoin is already here, changes is upcoming with it and we cannot deny that fact. There are many opportunities around us but only few of us see them. Not everybody is an economist - if you call right now a completely random stranger that knows not so much about economics and ask them when it's the right time to buy and sell BTC, they'd have no idea or give a silly answer. Some of the Bitcoin hodlers are weak hands, have no vision towards the future or don't know the main rules of trading.
It is good to know that there are people who will still hold even the price gets higher after halving. That is enough for the future. |
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I've seen a lot of this, it's generic but it's helping.
This is the first halving that I'm going to experience, I don't want to be sound pessimistic about the halving but I guess we set a too much high expectation with the halving that it could go the opposite direction. These are just my thoughts, everyone is expecting the price to pump maybe they think that it will hit another all time high or at least above $12K, but we cannot be so sure of it.
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Exchange market is the best wallet for saving your bitcoin and your altcoin, but some time when exchange market have trouble with upgrade their system working you not available for withdrawing and hold your assets more than several hours, but if you hold on offline wallet you need several hour for sending to exchange wallet if you wanna sell.
I don't recommend using exchange wallet simply because of some unnecessary maintenance, the exchange to wallet is fast but there are some bugs as I've experienced it. The most recommended asset for most secured storage is the hardware ones like Trezor, Ledger etc. but that would costs you a couple of bucks. There are wallets downloadable at playstore and appstore maybe you can try some, read the reviews first before deciding what to use  |
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Just don't entertain any thing that is none of your business unless it is going mainstream, what do I mean by this? like scam emails, if you found out that there is email being sent to every one and they know it is a scam you should delete it right away to avoid any clicks/press on the link they have provided in attachment, don't you ever try to sleep it in your mail. I've been always pretty much wary of these things, scams and frauds, it is scattered every where in every field. What's in right now is identity cloning to get rid of your bank accounts, maybe because people are in panic right now and cannot keep up thinking if the texts are legit or not so they can easily be baited.
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At present time BTC price always intersting to me. When you see at night BTC price $3300, in the morning you will see it hit to $5000. So i am not scar about BTC price. So 2020 or 2022 in not factor as market is very much volatile. last 4 days BTC price up $1000. So don't upset to price of BTC and one day morning when i see BTC price hit $19k, i would not surprised at that time because it was expected.
For the past halving events, there was not a huge global problem as a factor, so every one should expect at least a different affect of the halving this year because pandemic adds a big factor. I've seen the price yesterday going to $7600 in just a minute and went back to $7500 in seconds, spikes were clearly deliberate actions in the market made by whales I guess so I'll expect that they will do it when the halving date comes to time. Keep patience and promote your work behind crypto market, stay happy.
Patience and Perfect timing, you're right |
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From my point of view, what hinders bitcoin to be adopted is its image from the mainstream media. Bitcoin was fully recognized in the late 2017 after the price rose up, after that there are scams everywhere talking about bitcoin making it their bait for gullible people or those who wants to be into bitcoin investment or something and that is when bitcoin was also condemned by many financial advisors and economists because of its volatility. Aside the decentralized network is difficult to handle, it has so much uncertainty for everyone to rely onto.
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