Bitcoin Forum
May 25, 2024, 05:33:19 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 [121] 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 ... 251 »
2401  Other / Beginners & Help / Re: Bitcoin miners revenue on: February 13, 2021, 08:38:53 AM
Bitcoin mining is the process of earning bitcoin in exchange for running the verification process to validate bitcoin transactions. These transactions provide security for the Bitcoin network which in turn compensates miners by giving them bitcoins. Miners can profit if the price of bitcoins exceeds the cost to mine.

When you copy paste something always remeber to add source:
https://www.investopedia.com/articles/forex/051115/bitcoin-mining-still-profitable.asp

Thats enough to nuke your account.

@OP Reading for you:

https://academy.binance.com/en/glossary/bitcoin
https://academy.binance.com/en/glossary/mining
https://www.investopedia.com/tech/how-does-bitcoin-mining-work/

Or google search "bitcoin mining" if above links did not satisfy your curiosity.

2402  Bitcoin / Bitcoin Discussion / Re: Updated list of countries that are not friends to Bitcoin. on: February 13, 2021, 08:31:48 AM
Do you see this list getting shorter soon?

For sure it will. But other list - "bitcoin extreamly restricted" will grow. Countries where you will be able to hold BTC only on registered address, transfer it only to other registered address or exchange licenced in given country.

Nigeria will not hold bitcoin ban. Its just short term.
2403  Economy / Web Wallets / Re: Help I dont remember the wallet I was Using!! on: February 13, 2021, 08:24:25 AM
You mean you had the key? If only password of the email then could means its not sure if you can get it. Provided it has email means you used some centralized wallet to store your bitcoin.

But if you used non cusotidial wallet then you can access it on some supported wallets. Can I know what wallet have you used to store your bitcoin?

It was "email:pass" type of login so I doubt it was non cusotidial wallet. It was an exchange or third party wallet.

@OP when was that? You get what i mean? If it was in 2014 than suggesting you a wallet that was created in 2017 is pointless.

List of wallets. But you can google search it by yourown. Type "top 10 crypto wallets of 20xx"

https://www.disruptordaily.com/best-web-wallets-for-cryptocurrency-top-10-of-2017/
https://www.cryptowisser.com/wallets
https://www.coinspeaker.com/top-10-web-crypto-wallets-of-2019/
2404  Economy / Web Wallets / Re: btc transfer cost on: February 12, 2021, 01:00:54 PM
As previous posters said - choose wallet where you can put fee manually.

Good tool to track mempool - https://jochen-hoenicke.de/queue/#0,1w

Miners can fit 2-3k transaction into 1 block. If you want next block transfer try to be in top 2000 in mempool. Note that this is in sat/vbyte not sat/byte.
2405  Bitcoin / Bitcoin Discussion / Re: JP Morgan once again trying to spread prevent mainstream adoption of Bitcoin on: February 12, 2021, 12:04:29 PM
The first part claims that corporate treasury portfolios are comprised of low-volatile assets and the typical volatility range is 0% to 1% per year. Is this true? Obviously not. The M1 supply within the United States have risen by almost 50% during the last 12 months. Along with that, we can expect a proportional decrease in the purchasing power of the US Dollar. So these corporate portfolios are actually witnessing an erosion in their net worth, although they are hidden because only the USD value is being considered. I would say that after taking these factors in to consideration, the depreciation of the portfolio can be -10% per year or even higher.

Being a bit of a devil's advocate, I decided to correct this piece of OP. JP morgan is a bank that manages people's money. People deposit $$ and JP morgan own them $$, not bread. So they don't care about value of money they store (AKA purchasing power). Its poeple that have thier money in JP Morgan problem not JP morgan's. So I would not take inflation into such calculation.


Now let's examine the second part of their claim. According to JP Morgan, if Bitcoin comprises 1% of the portfolio, then the volatility can jump from 1% to 8%. Do you know how ridiculous this sounds? Let's assume that a company decides to keep 1% of its treasury portfolio in Bitcoin. Even in the unlikely scenario of Bitcoin becoming completely worthless, that would mean that the net worth of the portfolio decreasing to 99% from the existing 100%. Add in the volatility for the remaining 99% of the assets, and we get a figure of 1.99% per year and not 8%.

Fair point. 100% lie from JP morgan.
2406  Economy / Trading Discussion / Re: noob question on manual day trading (does my method I made work? with graph) on: February 12, 2021, 11:40:07 AM
I wish I knew how to program a bot to do this.

1-Open youtube and type "python lesson". Spend 10h watching videos and learn basics of python (generally object-oriented programming)
2-Open api documentation - every exchange has their own API documentation (f.e. binance link - https://binance-docs.github.io/apidocs/spot/en/#change-log)
3-Start coding your trading bot
4-If you don't know how to code something use online examples: https://www.w3schools.com/python/

That is really enough to start and it's surprisingly fun to do. Create something that never existed before. That work and generate profit for you. And remember. When you have a problem that you can jump over, just reach exchange support. API related questions are TIER1 priority for them. They know that 1 API day trader will create volume equal to 10-100 manual traders. They will answer immediately.


About your strategy ... well yes, but actually no. You strategy is like "I'll buy low and sell high" the problem is with knowing when is low and when is high. Because chart can go like that too:



2407  Alternate cryptocurrencies / Altcoin Discussion / Re: USDT | TUSD | BUSD | USDC - What are the differences? on: February 12, 2021, 08:33:20 AM
That is it the deference is this currencies are in it price, take usdt it price is constantly stable at $1.00 at all time but USDC and the rest are changing in price sometimes it go above $1 and some little below $1.

Its like 0.9992 USDC/USDT. Its like 0.08% difference and it fluctuates up and down. The difference is so small that i don't thing it's something worth mentioning.

  • Does each of them has different purpose other than being tied to USD?
  • Do they have different features or the fees when using them is different from one another?
  • Why USDT is commonly used when trading other crypto not the others?

1- no. All of them have the same purpose. They were just emitted by different companies.
2- depends on network that you use them on. USDT support Omni, ERC-20, TRC-20, BSC, BUSD support ERC-20, BSC.
3- it was the first stable coin that dominated the markets. Now that most of the volume and liquidity is in USDT trading pairs, it's hard for others to break out because the user has to give up on liquidity to trade with other stable coins. But the interesting thing from recent days is that USDT's poor reputation made dex investors/traders to chose USDC. USDC is ~30-40% bigger on uniswap than USDT. Sooner or later it will this trend will transfer to cexy

2408  Alternate cryptocurrencies / Altcoin Discussion / Re: Polkadot or Binance Smart Chain? on: February 12, 2021, 08:14:59 AM
I want potential 500x not 5x returns. I missed bitcoin in 2010.

You want solid robust tech microcaps that can do what these top 10 - 25 can do and better in some cases.


Well ... one of the key factors that distinguish a successful investor from an investor who loses everything is money management and diversification. Putting all your money into small-caps expose your wallet to high risk. Risk of loosing everything. Well diversified crypto wallet is like x% in stable coins, x% out of this in stable coin pools for passive income, x% in BTC, X% in big cap undervalued, deflationary coins with good APY from coin use cases - like BNB was before recent pump, x% in small caps for moonshots. That way, no mater what, you are always with money and ready for another investment.
2409  Alternate cryptocurrencies / Altcoin Discussion / Re: Phenomenon of BNB (Fundamental analysis BNB/USD) on: February 12, 2021, 08:04:20 AM
I can also be called a BNBholder. I have as many as 5 coins  Grin. It is a pity that not 5,000 bnb Sad. These coins did indeed perform very well. I could get a little richer. In 2017, few people foresaw that cryptocurrency exchange would become so powerful and massive. Do you think it's too late to add a little BNB to portfolio now? Is it possible to cost this coin in the future, 500$ or even 1000$?

Deflationary coin with massive ROI from launchpads, lauchpools. Company that generates ~~~$1.7B in profit annually with only $19B marketcap. 350-500$ as ATH of current market cycle is possible. 1000$ is unlikely. Maybe as short term quick push and dump.
2410  Local / Alternatywne kryptowaluty / Re: Fenomen BNB (Fundamenty ALT/USD) on: February 09, 2021, 12:20:40 PM
Co to jest NET WORTH w tym kontekscie, bo chyba nie do konca rozumiem..
Zaskakujace jest, że nawet takie newsy jak wycofanie pozwu przeciwko redakcji oskarżającej Binance o przekręty nie robią żadnej szkody kursowi:

https://www.coindesk.com/binance-drops-defamation-lawsuit-against-forbes-over-tai-chi-document

Oczywiście leci do Ciebie kolejny merit, mimo że ja już zrealizowałem zyski po niewielkim wzroście Sad
Ale jako osoba, która poleciła jeden z najbardziej dochodowych projektów ostatnio w pełni na niego zasługujesz

W tym kontekście CZ marzy o tym, by cały jego majątek był kiedyś wart 8888 BNB.

Cieszę się, że siadł ci trade. A skorzystałes przy okazji z lauchpada? Mi pozwolono zainwestować 0.7% mojej inwestycji w BNB, a altcoin po listowaniu otworzył się na x10 (czyli w prezencie dostałem 6.3% mojej inwestycji ... tak o...). Szkoda, że zdumpowałem od razu (zwykle tak się maksymalizowało zyski), bo ten lauchpad okazał się spektatularny i już jest x2 od kiedy sprzedałem.
2411  Economy / Economics / Re: What is the point of collateralized loans ? on: February 09, 2021, 07:46:34 AM
You need to go to wikipedia and read the definition of "profit". The loan did not benefit the borrower in this situation. Exposure to currency risk of the token you hodl and used as collateral gives you profit, not laon. You borrowed 10 000 doge and get 10 000 doge -fee, where you see profit here?
The "idea" (which I agree is stupid but there are so many that does it) is the fact that you could potentially do it twicefold if you can actually find a legit place for it. Basically it means that you have 10k doge, and you get 10k doge more with it, and if you can somehow get it in fiat terms, that means you paid for 10k doge price at that point, let's say it is 760 dollars you paid for, and you have to pay back 800 dollars with interest, or even 900 dollars doesn't really matter for this example.

The idea is that if you paid 760 bucks for 10k doge and bought that, and also showed that as collateral and got another 10k doge for 760 dollars or all your doge will be gone, that means if you lose money, it will be paid from your own dogecoins, however if you earn money, let's say doge goes up and now 10k doge worths 1000 dollars, you will be paying 760 of that back, plus interest, whatever is left is your profit on top of that 10k you already owned. Of course this rarely happens anywhere, they are all weird type of loans.


Well... iamsheikhadil needs to learn the definition of "profit" and You need to learn how loans work and ... the definition of "profit". No one is borrowing 8k doge using 10k doge as collateral. This does not make sense. And even if you will do it, you will not earn more thanks to that even if doge will pump. You will give back 8k doge, get back your 10k doge and where is your profit here? You had 10k doge before loan, you have 10k doge now.

You could get USDT loan using doge as collateral and buy more doge with this usdt and earn on pomp but again... You are not earning on loan here. You earn thanks to your decision to invest USDT into DOGE. You earn because you exposed your money to currency risk and not by borrowing money.

There is no way to earn on getting loans. You can earn using borrowed money well.
2412  Economy / Economics / Re: What is the point of collateralized loans ? on: February 08, 2021, 07:33:30 AM

Not really, getting loans by using crypto as collateral can actually benefit the borrower in tremendous ways. A few days ago, Dogecoin was at 0.01$ I guess? Let's say I had 10000 dogecoins, which is equal to 100$ that time. If I use doge as collateral and got myself a $80 loan in USDT or fiat, and let's say I have to repay $100 after one month. But in this mean time, Dogecoin pumped up to 0.07$ (7 times!). After a month I return the $100, and get back my dogecoin worth $700 now!

You need to go to wikipedia and read the definition of "profit". The loan did not benefit the borrower in this situation. Exposure to currency risk of the token you hodl and used as collateral gives you profit, not laon. You borrowed 10 000 doge and get 10 000 doge -fee, where you see profit here?
2413  Economy / Trading Discussion / Re: What's your personal best in percentage for profits out of one month trading? on: February 07, 2021, 02:06:59 PM
, my first trading month profit is 21% hence also my current personal best, what's yours?

Don't get me wrong but try to not get too excited. I remember how I started trading. There was a bull market, everything was growing, I was making a lot of money, I could not believe that the statistics (the average trader makes about 6% per year) are so easy to break. I was doing xx% monthly easyly. I felt like a god of trading and when I look at it in now, I know that even a monkey buying randomly would make a profit then.
This is characteristic for a bull market. It's the same now. Don't let your brain to turn on god mode. Don't bet your future on trading by extrapolating current profits into the future. Soon there will be a correction, a bear market, a bubble burst and the bull market childrens will lose everything they have earned along with what they put in trading. Thats hwo it usually ends.

Back to OP question. Many times +100% out of my algo trading strategy.
2414  Bitcoin / Bitcoin Discussion / Re: Bitcoin purpose is to Take fiat in USDT on: February 07, 2021, 01:56:11 PM
Man... just give up. It does not make sense. I've seen at least 10 of your threads and all of them looked equally stupid. Pure guesswork from fractional knowledge. Stop posting, buy 1 good economy book and come back.

There is nothing to say about OP. Every sentence does not make sense. Everything is wrong.
2415  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 1inch Token - currently undervalued and will pass UNI in price on: February 07, 2021, 11:11:09 AM
Probably, I think the only decentralized finance that works are exchanges and data, others looks like bluffing and jokes, Uni is still standing strong though but 1inch token can catch up, it's a good token to hold most especially in this period

the problem is that ETH dexes reached its max. They will not scale anymore due to too high ETH fees. 1inch can grow only stealing customers from other aggregators. ETH DEXes compete for limited amount of trades. While... pancake swap (cheap BSC chain) just passed 1inch and Venus exchange volume and is now top3 DEX and CAKE is 2x cheaper than 1Inch (marketcap).



You want it or not. You like it or not. BSC (semi-centralized chain) dexes will soon overtake ETH dexes unless ETH will scale (ETH 2.0).

Devs are now wrapping their coins/tokens on BSC to be able to trade with 0.06 cents fee. No one is excited about uniswap listing anymore. Everyone is hyped to get on pancake.
2416  Alternate cryptocurrencies / Altcoin Discussion / Re: Phenomenon of BNB (Fundamental analysis BNB/USD) on: February 07, 2021, 10:54:46 AM
BNB just exploded. I create OP when price was at 16$. Its 70$ right now. This is my best ALT bag. The longest ALT hold. Is it good time to sell? Lets see how fundamentals changed:

So we are saying about $ 515 million of pure profit.

This gives us P/E ($ 2.4 billion/$ 515 milion = 4,66)



Binance burned 347 mln $ in whole 2020. Binance burn 20% of profit, so calculated profit = $1.7 B

Current marketcap = $10.8 B

P/E = 6.3

Looks like P/E pumped only 35% while price pumped +337%. Is it good time to sell? Hell no. Average P/E for nasdaq is 34.81 now. I would not be surprised if BNB will pump 5x from now. And ... based on volumes, beginning of alt season, doge/xrp pumps and dumps events, bitcoin hitting 40k$ I estimate that Q1 2021 will be better than Q3 and Q4 2020 all together.

The only threat to binance is regulation. We don't know what and when governments will come up.

Binance. Company that tripple annual profit in a matter of 1 year.
2417  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 1inch Token - currently undervalued and will pass UNI in price on: February 07, 2021, 10:41:50 AM
Or am I the only one who would say that it is crazy,

No...you are not the only one... everyone above your post have said this. It only shows that you don't read before posting. Just posting for posting ... Nice...

especially with a coin value of under $ 20 it can only cover the withdrawal fee.

It doesn't matter how much a single coin cost.
2418  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 1inch Token - currently undervalued and will pass UNI in price on: February 07, 2021, 10:32:06 AM
Title says it all. 1INCH is currently the best platform to use right now when trading in the DeFi space. 1INCH exchange splits your orders among the top DEXs to reduce slippage in order to provide traders with the best possible prices. Right now 1INCH is hands down the best place to trade due to the lower fees compared to Uniswap. I believe for this reason its very undervalued and will be catching up to Uniswap in price over the coming weeks.

Oh.. Shiller allert Smiley

From my experience uniswap uses way 10-30% less gas so is cheaper mostly thanks to this:

1INCH exchange splits your orders among the top DEXs to reduce slippage in order to provide traders with the best possible prices.
 
And high gas prices makes it useless. Uniswap has like 50% of volume. Most likely 50% of liquidity. Its enough to let you dump anything you want without slippage. It may be better to use 1inch with 100+ ETH transactions only.


2419  Economy / Economics / Re: Nigeria is now the No.2 bitcoin market on this fast-growing global marketplace on: February 07, 2021, 10:21:23 AM
these are annual volume taken from Paxful (peer-to-peer bitcoin marketplace).

So its too small sample to draw conclusions. Annual volume on this exchange is like 1/10 of daily volume on binance.

I am not surprised however to see Nigeria and other countries from Africa in top 10 place.

I'm not surprised too. Top 10 is very possible considering how active Nigeria is in crypto. But top2? Hmm ... Not so sure about it.

2420  Economy / Economics / Re: Nigeria is now the No.2 bitcoin market on this fast-growing global marketplace on: February 07, 2021, 08:54:32 AM
Yea I guess it will be like china bans/unbans/bans/unbans crypto events during 2017 bubble. Nigeria is second biggest volume country but ... its less than 10% of whole volume and you only can't withdraw to fiats via banks (you can still trade to stable coins and use P2P to exit to fiats)  so it will not affect bitcoin that much. BTW where are those numbers coming from? This is daily/monthly/annual volume? From which exchange?
Pages: « 1 ... 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 [121] 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 ... 251 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!