Celsius, FTX, Terra etc have all seemed like scam coins and scammy institutions all along.
How come we didn't hear cries about them being scams before their crashes? People are quick to say, "I told you when things get fucked up" even when they didn't know a thing about the situation and quick to claim sagacity when it goes down well. Don't hold coins on exchanges
If we're going to be factual on that, I will tell you that advice will only suit investors not traders. don't fall for the dodgy get-rick-quick pump and dump coins.
But of course, that's the honest truth. However, most people have that mindset that it's their main reason of being in this game. They want it quick and short, forgetting that there's no shortcut to success.
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Remember when a lot of Bitcoiners/cryptopeeps on Twitter were using profile pictures with laser eyes?
😆 Yeah, I remember that era. How that fizzled out quietly too like other trends before it. This too will sooner than later become "old school". Whoever thought ICO or IEO will be a thing that doesn't entice investors anymore? Sadly, that's what's happening now. And that's what you call putting a hat on a hat. That cap is nice looking (on soft copy). I won't mind wearing one of such with a nice t-shirt and a pair of jeans to match offline. Hoping that it looks as good as it's looking here on real cap.
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but the dude wants to be left alone/stay anonymous and we should give him that as a form of respect for what he created.
This is the same thing I've said repeatedly in different threads talking about Satoshi and wanting to unearth his identity. The dude doesn't want to be known (at least not now), and I think it should be kept that way. To be honest with you, there are times I thought to myself that the Satoshi thing could even be several individuals in a group under that name. That's there's no single individual with that Identity. BTW, this whole forum is about Satoshi and Bitcoin in the first place. It's unnecessary trying to dedicate a sub-forum to such an exercise in futility.
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Title says it all, with yet another disaster going on with the exchanges imploding should there be a constant banner someplace that just keeps the NYKNYC message up?
No matter how determined you're to save people what many have termed entrapment in centralized exchanges, it's not going to be enough. No one can save the world. There are still going to be people who just stare at the message but go ahead to do whatever that pleases them. After all, isn't it their money? Now the interesting part is that there isn't anyway everyone can take their coins off exchanges even when they know the risk involved. Maybe investors shouldn't leave their coins there but not daily traders.
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What do you think. 1. Thread with 1000 pages no longer display a signature.
1,000 pages is 20,000 posts, bearing in mind that a page is 20 comments. That's even more than a mega thread by my judgment. I want to believe that user meant 1,000 comments and not pages. Anything above 50 pages is already a mega threads in my books. Let me quickly add, while I agree with that user that at a certain number of pages signature display should stop, that not every mega thread is a spam thread. There are some threads which have to continually run to maintain balance in discussion, perspective and knowledge exchange, using local boards as an example. For me, the easiest way to checkmate spam posting is for campaign managers to read the riot act to hunters and restrict them from posting in mega threads.
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~snipped~
you will still have differences in offers between merchants and that is normal, however, it is your choice to buy from whomever with regards to other factors.The bolded is very important. Although I haven't done any P2P on Binance I heard someone can still be swindled there. A friend who uses it regularly told me the best way to screen out fraudsters on that app is to only transact with merchants who have done so many trades. Don't get blinded or fooled by the cheap sell rate they offer. Check their profiles up first before dealing. does this mean he traded with the seller in person I think not. Perhaps it was a P2P done through any of WhatsApp or telegram handles.
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Dem nor dey ask He-goat where im sleep. Na whether im wake from sleep or not dem dey ask am..
Abeg, I go like make someone analyse dat proverb and still tell us situations where we fit apply am.
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This whole current inflation thing reminds me of the 2008 global financial meltdown and the consequences it heralded. The small sized company I worked for which was barely starting up then was severely hit to the point that a good number of staff were let go. Some people have opined that the aftermath of that recession birthed Bitcoin. Let's see what will be birthed as this global inflation heightens by next year. May be another phenomenon? I'm only worried that it will get worse by next year.
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The current exchange rate as I type this on Binance P2P is between N825/$ to N830/$...
Comrade as I saw your comment, I went to Binance and check where to see the exchange rate button but I didn't see it Go to the Binance homepage and look for P2P. Click on P2P and it will open up a tab as shown in that picture below. BTW, I use the Binance app in case your setting looks different from mine. If you use the web version, look for "More" or just go around it until you find P2P. DCA like your life depends on it.
I am a new investor I have bought only two times, that means my life don't depends on it. I do other works for a living. Oh no! You misunderstood BlackHatCoiner on that. What he meant in our local parlance was "buy am like sey tomorrow nor dey." By the way, DCA means Dollar Cost Averaging. Using that method will mean that you buy in bits whenever there's a reduction in price to keep increasing the quantity you've.
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For a few exceptions, basically what signal channels and groups do is to make calls on certain unknown shitcoins and then watch the mad rush to place orders by people who should know better but don't care. That's why after the pump most of those tokens die off. There's no use case for them. It's interesting to know that the owners of those channels commonsensically buy in first before the rest of the followers get in. Let no man deceive you again. BTW, it's obvious that there's no accuracy of prediction when it comes to trading.
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~snipped~
i think CZ saved the crypto industry from crashing. if he didn't discover the near bankruptcy which FTX is about to execute a bankrun, just imagine how deep the price could dive if SBF had dumped all the asset to the market. You would innocently believe their grouse is about transparency? I doubt that. I think it goes beyond that and runs into ego challenge with both men. They want to flex muscles a bit, forgetting that it will rub off negatively on the industry. Some people are even of the opinion that CZ may not have even sold off his holdings of FTX tokens that he only wanted to FUD and shake the other dude. There's a possibility to that. Otherwise, why would he make his selling off public instead of quietly doing it.
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For me, this is not good for the cryptocurrency industry if there will be a loser here. We all know FTX and Binance exchanges are huge and well reputable. Let's say FTX will be rugged and forced to shutdown, then it will be a loss for the crypto industry, regulators for sure will take this as a lesson and become more strict in regulation cryptocurrency even with how big or good the exchange is.
That's exactly my thought too. It's not even about who wins but the scar that will be left on the crypto industry. Those two are major players in this industry and for them to dance naked publicly shows the unnecessary display of ego in man. Now, these two elephants are fighting; it's the grass that suffers it. Again, this incident is more likely to make SEC and other regulatory bodies begin to poke their noses into both exchanges. Unnecessary invitation.
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I bought at the present dollar rate to the Fiat currency which is 875 Naira per 1$ x 19.18 = 17,035 and 0.00098 BTC in Naira is 16k. I didn't check it before I bought it because I was very much Happy to buy Bitcoin with the local currency.
The current exchange rate as I type this on Binance P2P is between N825/$ to N830/$ but you know how sellers are often reluctant to reduce price once they've once sold high. Last week, some of us sold at N860–N870 and I think that was the highest it got. The naira is pushing and regaining strength against the dollar at the moment and I wonder why anyone will still wish it continued to crash or exploit another's navity on that. As it is I don't think Nigerians can buy Bitcoin because of the present situation of Dollar rate and the bear market but any how some are still buying.
Even when it gets to N1,000/$, there are still people who will buy it. The fiat versus dollar value won't prevent anyone who's serious in buying it from buying when the time is right for them.
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Bitcoin is for everyone but if people don't want to use it, let them be. Especially the elderly who are less ready to accept Bitcoin. The younger have more interest in Bitcoin and new technologies, they are current and future Bitcoin adopters.
Nothing is ever for everyone, no matter what, and Bitcoin isn't an exception no matter how we want to push it into mass acceptance. If just 10% of the world population embraces Bitcoin it's still a huge plus. Like you indicated in your second sentence, we don't have to coerce anyone into it. That's why my earlier post negates the idea of Bitcoin being the only option. There are several alternatives in every industry and in life too.
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* Easy sorting
You can say that now because its ease of accessibility is increasing by the day. I can tell you for free it wasn't as easy as it's now buying Bitcoin in the past. Let's say the early days of Bitcoin with limited exchanges and outlets to buy from. A lot of those who wanted to invest then got swindled. Perhaps, those licensed property agents who are digitalized won't find it difficult with sorting unlike those who do theirs manually. * Availability * Ease of Trading
The same as sorting issue. There are many interested traders (buyers and sellers) now and that makes it almost seamless transacting in Bitcoin. * Faster D.O.R
I bet you need to buy at the wrong time to experience that it isn't all rosy with Bitcoin too in terms of profit making. Those who bought at ATH of $68k+ are still sobering up from that experience.
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On Coinmarketcap, there are over 21600 altcoins, yet bitcoin increased in value as the adoption continues.
To even think there were just 750 of them in January of 2017 when I joined this forum and now that whopping gap of almost 21,000 extra in less than six years says much about this industry. It's growing and evolving. Yes, despite all the additions none has been able to match Bitcoin. I would've expected that Ethereum topped it because of its smart contract. ETH does what Bitcoin can do and has an extra in its smart contract but ETH has continued to disappoint in that direction. It has an edge but then I know some people will argue that it's because ETH is centralized while Bitcoin is decentralized.
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Facts are sacrosanct and the fact still remains that no one truly knows where the market is headed. Otherwise, the richest person on earth will always be a trader. We can only speculate in this industry. You're of the opinion that the dump is still here and that those who think it's over are wrong. Sadly, you failed to support your position with TA or facts. Well, my expectations for Bitcoin this November is a correction upwards. That we've seen a few days now, except for yesterday and today that it's dipping again.
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Even without displaying the reason for which a user is banned, I believe it will be reasonably helpful to have tags for members who are banned on their profile. A simple ban notification would do. It can be displayed on the avatar space just the same way we've merit and activities displayed without anyone having to check users BPIP first to find out. At least with such I strongly believe that users won't be wasting their merit on banned accounts anymore.
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Any coin that survives this bear market will do well come the bull season
It's looking more like it as time goes on, honestly. Many projects are folding up as the bear season bites harder and deeper. I was reading in another thread where that OP was asking about Litecoin and the silence that has greeted it. I had a look and found out it's not really doing badly at $68 and ranked 21 on the list. I remember when it competed strongly and was among the top 10. Now, many of these coins seem forgotten. It's often the pattern during a bear season. Those that survive it become better for it.
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Is low price a determinant factor to open a trading position?
If that isn't an essential determinant then I wonder what else should be. Entry and exit prices are very important in trading. A fairly low entry guarantees better profit and that's what traders look out for. It justifies the trading parlance of "buy low, sell high". It's the entry position in trades that distinguishes a profitable trader from one who struggles to make ends meet.
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