Just to add LOL! You can also take a look at the bitcoin mempool to give you a rough idea of how many sats you are going to spend for a transaction just to avoid spending too much. Most likely, fees are low when it is Sunday. Also, it's a good practice to switch wallet if you think that your seed has been compromised
[1] https://jochen-hoenicke.de/queue/#0,24h
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why not create an account via binance, or any exchange that are well known
I think OP was just overwhelmed due to a vast nature of cryptocurrency in general and it's obvious that he is quite confused on how he is going to start his journey. However, it would not be a good idea to advice a newbie to start from an exchange in storing and buying crypto without having any prior knowledge of possible risk of identity theft, losing coins etc..
I'll be leaving some educational resources to complement the advice of other members. This will guide you on how to properly start your bitcoin journey as well as to avoid creating random account in various exchange. [1] https://www.lopp.net/[2] https://youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj (if you prefer videos) Also how much should i invest? I know it is very high right now.
I would rather invest for myself in self studying the what, why, where of bitcoin first before directly investing in an asset you do not fully understand. It would be pointless to invest if you do not know how to properly safeguard your bitcoins, which wallet you are going to use and what not.
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~snip~
Sorry I'm a bit fresh so using these quotes accurately is a bit confused, so I'm replying to the whole messages. I got you. Take some time studying these thread to help you improve and familiarize the formatting used in this forum/ [1] Posting[2] [GUIDE] Bitcointalk forum etiquetteThere's many more factors such as the growing interest with younger generations, ease of access to crypto and things such as the global fiat economy and the big companies stocking up.. Just my thought, I'm still very new to the scene but if I were in your shoes, I'd keep doing what I can to harvest as much BTC as possible . Hey! I really appreciate your response and advice to my current situation and to how I feel about the current market condition. Perhaps the reason why I feel being left out is because I still don't have a bigger picture on how crypto can affect the economy and the lives of other people or maybe because I am still an inexperienced college student who does not seen the hardships that the real world has to offer. p.s could I ask what youtube course you're watching?
Sure!! His course is underrated! [1] https://www.youtube.com/c/c0tt0nc4ndyTA
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Stop Limit Order is basically an upgraded version of a Limit Order and the easiest way to understand the concept is to break it down to two separate order.
Stop price which triggers the limit order and Limit price which is technically the standard limit order.
Let's say for example that if the price of BTC is at 38,880 USDT and it is about to breakout. In order to take advantage of the bullish trend, you can perhaps use the Stop-Limit Order to control how much price you are willing to pay to but BTC. With the said, your Stop Price could be 38,880 and your Limit Price is 38,900 which is the maximum price you are willing to buy BTC.
Therefore if the market price triggers the stop price; your order will now become active and is waiting to be filled at the Limit Price of 38,900 USDT. As far as I know, type of order is being used for confirmation.
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I think the question is a bit broad to answer it correctly since you do not specify what account you are referring to. Maybe it would be better to at least read some of the frequently asked questions here on how to properly start. These are just additional resources to at least reduce your confusion. The replies above me are correct so take always take that into consideration. [1] Getting Started with Bitcoin
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Gandang hapon po!! I just to want to remind everyone na kung mayroon po kayong pending bitcoin loan either inside or outside the forum, I highly suggest po na mag Dollar (peso) Cost Averaging kayo para continuously kayong nakakaipon ng bitcoin and eventually mabuo ninyo yung loan amount in terms of bitcoin or ethereum o kahit anong crypto depende sa napag usapan ninyo. Hindi kasi pabor sa mga umutang ng crypto in the first place yung pagtaas ni BTC and most likely baka ngayon dumoble or naging triple yung value ng utang ninyo kasi directly proportional yan sa current price ng bitcoin. Although aware naman ako na pandemic at nasa surviving stage ang lahat kaya I highly suggest na unti-untiin ang pag iipon Do not spend unless you needed something very important.
[1] https://www.investopedia.com/terms/d/dollarcostaveraging.asp[2] https://dcabtc.com/
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~snip~
Hey mate, I haven't thought of this which I think it's rule violation (not sure), how do someone go about this as I'm planning to input my referral link in the signature space, this is a nice idea, imagine getting that such amount of Bitcoin within a couple of days, it's something outrageous. I will give it a try in my next signature code. Nope, it isn't. Referral link that is is displayed on the signature space is allowed whether you are explicitly showing it or embedding it hidden on your signature codes. Putting your referral code in your signature isn't bad at all however I think you need have a permission to your campaign manager isn't it? Not sure though.. Yes, you can use them in your signature, just not spam them in posts around the forum.
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Haha! It's cool to see OG wearing paid signature while creating a thread in gambling discussion
Back in the days, I used to gamble my weekly bitcoin payout every day until that quantity becomes doubled and I am doing it just to feel the excitement and fear gambling has to offer. But then, I stopped when I experienced a massive loss of whopping 0.02 BTC (for me that's pretty high) in just one click realizing that you just lost 2 weeks of grind spamming around bitcointalk LOL. Fortunately though, I managed to get back the lost amount of btc due to some referral earning which is pretty surprising that you can earn a massive 0.2 BTC in just a day from the people who anonymously registered on your referral code embedded on the signature I am wearing. And now, the bitcoins I earned throughout the campaign will always sit in my wallet without spending or rewarding myself from all the works I've done -- I can't even call it as "work" though since I always enjoy writing .
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It's pretty obvious that you are having any second thoughts in selling your holding due to its current price I presume. Well, perhaps one of the reason why I still keep holding bitcoin in my pocket is that somehow I believed that these institutional investors who are discreetly buying bitcoin and accumulating as much as they can from retails traders and and exchange companies like coinbase and I am certain that they are doing it for the long haul. However, If it turns out that they are selling tons of bitcoin then it would be a good opportunity to buy at a cheaper price. Just want to share this quote from Eric Peters Holding these assets over the long-term aligns yourself with the macro mega-trends of technological advance and currency debasement, both of which appear to be accelerating. And naturally, where this all leads, and to what valuations, will be determined by our collective imagination.
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Then, how do I calculate where I need to exit to make $100?
I think this relates to the risk/reward ratio. Let's say for example that if you risk 20USD and you are aiming to profit at 100USD -- you need sell at around 0.00028755 sats in order to profit 100USD with respect to your risk assuming that you bought DOT when its price value is still at 0.00027360 sats. Am I correct?
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I can vouch for this trading tutorial made by c0tt0nc4ndyTA. I even created a separate thread so that I can share his underrated trading tutorials. [1] https://bitcointalk.org/index.php?topic=5291899.0Anyhow, I am currently watching his " Advance Trading" course and I hope that I could finish his " Futures of Trading" as well before " Blueprint" comes along in his channel . So damn excited.
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Well because im outside the US now... wouldn't there be issue creating a binance.US account since i have a non us ip address?
Similar from the above replies, you are able to create a Binance.US account as long as you comply with the KYC verification system upon registration regardless of where you are living right now. And I think that's the function of the KYC to verify their US citizen users in their platform regardless of your current I.P address. "If you are a U.S. citizen or resident, please transfer your assets out of your account within 90 days. You may consider using Binance U.S. or other U.S. platforms I think the keyword here is " citizen" What about kraken? What surprised me was i was looking at some altcoins saw nano for example... kraken you could trade it... well at least from what i saw on coinmarketcap and apparently you could buy/sell in actualy USD? Can anyone confirm this?
Yep! You can trade NANO/USD pair in their spot market. [1] https://trade.kraken.com/charts/KRAKEN:NANO-USD
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They mostly put pressure on me, insisting me to invest in their scam project.
That's a clear sign of a red flag! Even the moderators of a telegram community who always insist that they are not going to send a private message first but still become a useless/ vaporware project in the end -- what will you expect for those people who keeps sending investment opportunities that seems too good to be true? That's nonsense Make use of the settings in telegram to choose what people who can send a direct message to you; it's a good idea to filter those shitty accounts.
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Probably another vapourware project with no real use case? They have launched their ICO 4 years ago and I think that the project has been delisted from Bittrex and Livecoin which has been hacked recently. delisting from bittrex.
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1.What were your emotions at the time of buying bitcoin?
I seriously took the advantage of buying bitcoin with my own money during the dip when its price is ranging from 5,000 USD to 7,000 USD, that's the time when the virus starts spreading globally and the economy is on the brink of collapse I presume. I bought the dip without having any second thought and I was so happy that I bought at cheaper price. But now, even though the price is continuously increasing, it is quite sad to see a decrease amount of sats when you are buying or doing DCA. 2.To those that hodl, what were your emotions during massive gains? Did you become nervous and cash out? or did you feel sheer confidence to hodl? Did you have a plan?
Hmm? Increase in blood pressure I must say especially that bitcoin breaks another ATH at the time of writing this plus your hands and feet keeps getting cold as fvck. But still, I am into long term hold so keeping your emotions aside is crucial even if its too difficult to handle. 1. Do you consider yourself a successful trader? If so, why?
Nope, I am still finishing the trading course that I have found on youtube. I know it is too late to learn how to trade because you miss a lot of bullish trend that is currently happening and I feel like being a helpless kid who can't even take the advantage of larger profits. 2. Did you undergo professional courses or education for the sakes of gaining trading knowledge? Or did you learn everything you know searching online?
Practically speaking though, if you are just starting to learn on how to trade, it would be best to start consuming the free educational resources first and then eventually go for the paid ones if you somewhat feel that you need to scale up your skills. That's just for me.
Just want to add additional resources which can help you understand the bitcoin under the hood. [1] https://www.lopp.net/bitcoin-information.html[2] https://github.com/bitcoinbook/bitcoinbook
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Satoshi could be male, female, a group of people or an institution, a company or maybe even a non-binary. And I think that the gender orientation is really not that important for someone who is capable of discovering such asset who can free us from surveillance and inflation. You might want to read a ton of "satoshi" post here. [1] https://bitcointalk.org/index.php?topic=5271796.0
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~snip~
You are not getting it completely right. If it is electrum on computer, definitely you are right, you can edit the fee by also typing it, you can even edit the fee to be 1 Satoshi/byte. This is why electrum desktop wallet can be used to even consolidate. But on mobile electrum, you can although still edit the fee but you can not edit it by typing the it, it only gives five editing means which you can see in the below diagrams. Like the mobile electrum, fees can not be edited by typing it. ~snip~ Yep! I agree. I just didn't expound it critically so that OP could easily understand that using the mobile version of Electrum still allows you to edit the transaction fees To be more precise, the number of editing means of a slider depends on what type of method you are using (e.g., ETA, Mempool, Static). Mempool --7 slide option Static -- 12 slide options ETA -- 5 slide options. I would still prefer to use the Mempool though and manually check the current required sats in order for my transaction to be included in the next few blocks. As of now the required least amount of sats/vbyte is around 40 sats which is close to the 5th slide in mobile version.
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