Daytrading could be profitable in crypto but it really depends on the kind of daytrading we are talking about. If you mean trading with derivatives, then you're almost definitely going to lose all your money. Without a doubt. And if you trade altcoin derivatives then the process is only going to be much faster because altcoins are usually low market cap and have high speculative volatility.
But if we are talking about spot daytrading, the best advice I can give you is not to trade below daily. You will grind through your coin with the trading fees.
This is mainly because of the fact that crypto day trading is not like other day trading in the world. Here it is very volatile and we are talking about liquidity not being available everywhere. Sure binance may have a lot, but not everywhere else does have it that way. Which is why I believe that we shouldn't really be worrying about the current situation, since liquidity is down everywhere. This means that if you could find a place with low liquidity enough, you could take advantage of that while trading. You do not get anything like that anywhere else because it is centralized trading and even if you do it via a place that is used very little, it is still goes to the market with high liquidity. I agree with what you're saying. The liquidity in most exchanges is going down and it is becoming very hard to sell/buy at a moments notice without making a huge loss. I had to stop trading on Poloniex for that exact reason. Nobody is buying or selling, the liquidity of Poloniex is becoming stagnant and I believe the exchange will drown soon if they do not save themselves from that problem. An unexperienced trader might market buy at 5% higher than for example Binance market price. This is a huge problem and almost scammy in nature.
Avoid low liquidity exchanges if you day trade. That is definitely a good tip. |
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Hello
I have combination for bonus. Strategy is working 100 % . You can earn 500 eur to 1000 eur every day.
I will teach you every step . Payment can be via Escrow Price is 2000 eur . Telegram is @tibeto123
This poster is probably a scammerI would avoid him like the pest he is. There is absolutely no explaination on how he will bring you an earning of 500-1000 Eur every day and I believe he is withholding details because there is no strategy. Its just a scam or a ponzi scheme. The very fact he demands 2000 Euro is already a huge warning sign as well as wanting to discuss matters further on Telegram. This topic has nothing to do with gambling and should be locked for the good of everyone. |
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 1xbit don't pay!!!!! 1xbit has many such accusations in the scam accusations subforum of Bitcointalk and even other accusations in other forums. It is obviously a scam casino or a very unprofessional casino run by idiots. This is why I always tell people, especially newcomers to the world of gambling, in this case crypto gambling, that the minimum amount of research you should do before putting funds in a casino is to google two words. "[casino name]" and "scam". If the first page shows people complaining about being scammed by said casino, then you can do more research if this is happening to more than a few people. That is the absolute minimum amount of research you should do. I recommend way more research but for lazy people it will do. But it seems people have too much money to care about being scammed nowadays. Whats the point of doing your own research if one is too lazy to google? |
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I don’t have enough Bitcoin (yet) to borrow for anything significant, but this is my ultimate plan. When I get enough Bitcoin, I would borrow no more than half its worth (in case the price drops), and then I would still have Bitcoin along with whatever property I buy with the borrowed money.
This seems like a smarter move than to sell the Bitcoin for fiat money. If I sell, then I have to pay capital gains tax. When the cash is borrowed, there is no tax. Since I still have the Bitcoin, then I will gain when the price rises. If I only have fiat, the “price” will always go down because of inflation.
I hope Bitcoin will eventually replace the fiat system, but until then, the market for cash favors borrowers over savers. This seems like a win-win situation.
Does anyone else plan on doing this?
So let me get this right: You want to 1. Borrow fiat for half of your Bitcoin as collateral. 2. Pay off the loan by, what, selling Bitcoin profits for x amount of fiat or in the form of x amount of Bitcoin? So either you are paying tax once you sell for fiat to pay your debt OR you pay in an agreed amount of Bitcoins. And seeing as Bitcoin is going up very nicely, you could actually lose out more on profits than you would have paid on taxes. Unless of course Bitcoin falls. But thats not a bet I would want to take. Because the chances that Bitcoin is going to go past 33% in price is more likely than the opposite. And at that point you lost more than if you paid 33% in taxes. Don't the rich make money by borrowing fiat to buy property which will then generate turnover (revenue)? That generated turnover is taxed and part of the profit is used to pay back the loan? Once its paid back they can do the same method over again but this time borrow more by using the bought property as additional collateral? Any turnover is still taxxed. If your property does not generate any profit and you have no fiat to pay them back then they can take your property and your Bitcoin as collateral. Am I missing something? The same method for borrowing money to buy Bitcoin would generate huge profits. But first you have to find someone to loan you fiat to buy Bitcoin. The loan application conversation would go like this: You : Hi, I want to borrow fiat to buy BTC. Bank: No. If we were smart enough to understand the potential of Bitcoin, we would have bought it ourselves. |
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I am not one hundred percent sure but I think it might also have a lot to do with whales deciding on market sentiment mostly from looking at the biggest market cap player, Bitcoin. If cryptocurrency sentiment goes down, thats just the whales shorting against stablecoins or fiat. And if the altcoin is pair-listed with Bitcoin, a lot of people push Bitcoin down even further by selling it for said Altcoin. But thats the same reason as why altcoins go higher than BTC whenever there is BTC pump. Basically thats just them longing their altcoin against Bitcoin.
I might be totally off but thats how I see it.
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BlackRock hops on bitcoin bandwagon with new Coinbase tie-up.After years of resisting, the world’s largest asset manager has finally taken the plunge into crypto in a substantial way. BlackRock, which oversees $10 trillion in assets, is partnering with publicly traded Coinbase to provide its institutional clients with access to cryptocurrency.
Bitcoin is the first digital asset being offered through the partnership, according to a blog post Coinbase, the most popular crypto exchange in the U.S., released on the matter today. BlackRock’s Aladdin investment management platform will offer connectivity to Coinbase Prime to offer crypto trading, custody, prime brokerage and reporting capabilities to shared clients.
“Common clients of Aladdin and Coinbase will be able to manage their bitcoin exposures alongside their public and private investments for a whole-portfolio view of risk,” BlackRock wrote in an announcement. Holy goodness. That either means we are the new rich elite, or that we are totally fucked. I am leaning towards fucked, but... (or should it read "but, fucked?") this seems a fit for both entities... https://www.vice.com/en/article/epzxj4/pig-breathe-through-anus-studyPigs Can Breathe Through Their Buttholes and So Could You, Scientists Say
Pink, fleshy, and round, the anus has a lot in common with the mouth and is every bit as important.
But the similarities don’t just stop there. Buttholes can also help animals breathe, new research suggests.
A team of scholars in Japan has found that pigs can absorb oxygen through the anus, in studies exploring treatment for people with respiratory conditions.
Well there you go; no need to roll someone over now to perform CPR. Did you just discover a new sex act? |
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Speaking of AI. I have decided to study it. I have been looking forward to getting into machine learning anyway. What better place to learn than university? I think I have the strength to study at uni once again. And even if not, I have nothing to lose  |
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I know there's a lot of day traders in stocks, and I've heard some do it in crypto ( although most do it at a loss ) so I'm wondering if realistically you can do a profitable trade in crypto.
Let's take a real example.
In this mini rally we're having, I've noticed Illuvium is one of the few tokens that is in the red( less than 1% on the daily when this was posted )
1 ILV is $119 on my CEX... but the sell price is $116 and the buy price is $123
Doing a simple trade using USDC to buy one ILV token would cost me $10.40 in ETH Fees on EXODUS. If I was doing it from my CEX, it would probably be cheaper, but I'd end up paying just as much ( sometimes way more ) if I want to take my new ILV token and deposit it in a hardware wallet. So either way, even if I buy ILV and it makes me a 15% gain in less than 24 hours, I barely break even !
So how do I make a profit ? Do I need to buy 30 ILV to maximize my gains ? Or is there any other way ?
Daytrading could be profitable in crypto but it really depends on the kind of daytrading we are talking about. If you mean trading with derivatives, then you're almost definitely going to lose all your money. Without a doubt. And if you trade altcoin derivatives then the process is only going to be much faster because altcoins are usually low market cap and have high speculative volatility. But if we are talking about spot daytrading, the best advice I can give you is not to trade below daily. You will grind through your coin with the trading fees. |
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~autistic screeching
I confused the word multikey with multisignature and used the wrong word synonymously. Don't be an ass. I was pointing out that even if you were to use multisig, no matter how complex, you would have the same problem at the endpoints as with multikey encryption of the actual seed phrase words. Even with M/N, in the end you are relying on "trusted agents". It does not matter how realistically large the size of the set N or the subset M is when every single "trusted agent" can be the weak point in security. In both cases you are still relying on trust and private key storage. But yes, multisig is more secure but nonetheless has the same security flaw. And don't say you can use multiple authenticators. Thats the worst security ever. What if something happens to you? Does your corporation die when you die because you centralized the multisig access to yourself? Also, if you don't want to listen to anyone but yourself maybe you should stop posting on Bitcointalk? Just text yourself messages and reply to them every now and then. You are the only person who can deal with your pompousness. This place is for swapping ideas, not suffering your superiority complex and autistic finger-pointing at every single mistake someone else makes. It was a mistake unignoring you.  |
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Obviously they keep very secure wallets. They could even keep a decentralized version of the seed phrase with different, trusted individuals. So that every trustee has one word exactly and nobody knows who the trustees are except for a select few.
Dividing up a seed phrase that way is not secure. Each word of the seed that you leak exponentially decreases security. An attacker who recovers a large enough proportion of shares, but not the whole thing, will be able to bruteforce the rest of the seed. Furthermore, there is no way to provide redundancy, or to specify M/N access policies. A popular approach to try to solve that is Shamir’s Secret Sharing. In M/N Secret Sharing, an attacker who obtains M-1 shares has no information about the seed. That has had some horribly buggy implementations, and it has been criticized generally by some experts (notably, Greg Maxwell). I do NOT recommend using it, unless you know exactly what you are doing; but I disagree with the general criticism. It needs better implementations, better standards (such as the Satoshi Labs protocol for this), and application to use cases where it makes sense—not ridiculous use cases, where it is too often misapplied. Reconstruction of the key is potentially a major problem for the use case stated in OP; therefore, it may not make sense at all here, depending on the circumstance. I note that there exists some enterprise software using SSS to secure the keys for corporate secrets; most Bitcoiners have no idea about that, and it is not a Bitcoin thing. Multisignature, as I suggested in my prior post, accomplishes the same objective for the use case addressed in OP. With Taproot, a M/N multisig (and many other access control conditions) can be made indistinguishable on-chain from ordinary spends; this obviates any blockchain privacy and distinguishability concerns, one of my own general objections to multisig. Yeah obviously you should use multisignature for the encryption of each word in order to keep the naked text away third party eyes. But would you then not have the same problem except that you went from storing the seed phrase words to storing the private keys to the seed phrase words? I guess you can divide up the keys and keep on adding multisig layers for extra security but it would never be 100% secure. Just more distributed. Also what I meant by "decentralized version" but was too lazy to explain. However now wouldn't the problem be that the more layers you add, the greater the chance becomes that you could lose access to the wallet by losing access to a signature? So thats a problem I think most corporations/whales would rather avoid. The scary thought would be someone withholding a key to blackmail or sabotage a business from within, with their own funds. No matter how I think about it, there's a huge flaw in security. |
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Big players like Michael Saylor, the president of EI, or even some exchanges, i have been wondering how these guys store their BTC, their solutions, and their hardware storage.
Do any insiders know something? BTC
Obviously they keep very secure wallets. They could even keep a decentralized version of the seed phrase with different, trusted individuals. So that every trustee has one word exactly and nobody knows who the trustees are except for a select few. Although as far as wallets go, I would not think they use web wallets or exchange wallets or anything like that which might be accessed by third party members. Probably a hardware wallet with extra security. And if any insiders did know something what makes you think they would post it on here? Boredom? Bragging rights? |
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Exactly, even if the reviews on a review website were honest at the end of the day you need to do your due diligence anyway, besides it would be a mistake to trust the judgment of a single person when it comes to a service, as a popular casino serves a lot of clients every day, however that is not even the case when it comes to review websites, they take money from casinos to give good reviews and basically publish whatever they are told by the casinos, defeating their reason to be and as such there is no reason to use a great deal of those websites until proven otherwise.
Review sites are just an explanation of the list of online casinos published on the website, so some site owners affiliate with certain casino sites to increase the recommended top rankings to visitors, so there is no need to trust any review sites and do your own research to find out more hidden facts from online casino sites, I recommend staying focused on online casinos available on the forum because each casino has an active discussion thread from member responses and also admins are involved in discussions to provide solutions or the latest information. When we do talk about review sites then we do have only a couple of which could really be trusted or something worth on reading.Its true that we do have lots in the market and most of them are just biased and trashed reviews which it cant really be something that you could trust. Therefore, when you do tend to make use or deposit on a site then you should always look for real time feedbacks and comments about it. And decide whether you do really make decisions on pushing on playing or not. We do have our own will and just dont make yourself that dumb. I guess there is perhaps one thing that I left out. Ok, maybe two things. First, as you mentioned if there are reviews and feedback from real, other people (other than the review site itself) then you could take the review site a bit more serious and if you deem the review site a bit trustworthy then you could use it as a data mine for your own research. However I would still check whether or not the data from the review site is accurate. It could be made up or inaccurate. As I said, best method is to do your own research at all times, no matter what. |
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I recently visited a land-based casino after a long time to gamble, have some drinks and enjoy live music with a couple of my good buddies. Not long after we settled in, we heard one of the casino workers yelling at one of the gamblers. He said, "Sir please you have to leave now. You come here every day and you keep losing. Please be considerate of your wife and your newborn babies." The backstory is that this particular man is a very popular gambler at the casino not because of his winnings but because he keeps losing. Despite his losses, he would return to the casino the next day to gamble. From the story, his wife had just been delivered with twins. I would later find out that the casino worker is his nephew.
If you were the casino manager would you fire the casino worker for interfering with your business or would you ban the gambler from visiting the casino?
If I were the casino manager I would want to fire the casino worker for interfering with my business but I am afraid there would probably be laws which prevent me from doing exactly that because I am not sure if it would be considered as wrongdoing by the court. In fact the court may see it in a positive light, like he was trying to prevent a gambling addict and a new father from a gambling addiction or something. From a humane perspective the worker is probably right to tell him off. From a business perspective... Not so good. |
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As much as I like to see the SEC prosecuting criminals who drag down the image of crypto (also thereby dragging down the image of Bitcoin), I still think its kind of their own fault for falling for such obvious scams. It just goes to show that even the extremely stupid have lots of money sometimes. I mean how hard is it to do your research on potential investment opportunities? You could even outsource the task by simply asking around or even posting a question on Bitcointalk. You would immediately get warned by even the newest of our members not to put your money into such scams. |
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1xbit is rated on the review site with 95/100. Is this a joke? They are obviously fighting with many scam claims, many of which have been proven quite extensively as far as I understand it. So I cannot take a review website seriously which obviously does not take it's research seriously. The best reviews can be found on Bitcointalk, written by senior, trusted members. So I cannot see myself using your review website If you notice here, it will be seen that most of the sites are related to gambling, but anyway I think they are paying their own money, but here they have their own sites, but we can play. something something It is better if we can stay away from them, we will play the games carefully and never want to lose all our money. Obviously here, on this website they have their own site advertisements, thats not what I was talking about. I am saying that I do not trust the "independent review sites" which review gambling casinos, or anything really. Their business model is based on getting paid for writing reviews and in my own experience, these reviews are almost never truthful or take very long to write, as the reviewer barely ever does any research or just copy pastes whatever text he is given by the customer in question. Long story short, avoid review sites like the plague and do your own research. Bitcointalk is not a review site but still offers reviews from trusted individuals. This is why I said I trust the reviews here. |
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~
When I gave up was one one review site rated 1xbit so high. It was then I became convinced about the biaseness and shady deals that are done behind the scene to deceive us.
Review sites are being used as a marketing tool by casino owners, as we know, newbies always use review websites before using that. And when they sees good ratings then people agrees to use the website, this is the reason why scam like 1xbit are still in the market. Because they keep their good rating on the review website and newbies visit their website to gamble, and then fall into scam. I personally do not trust any review website and always look at forum profile to make sure they have no negative feedbacks Not only that but review sites (or at least most review sites that I know of) are basically scams which offer to give glowing reviews in exchange of money to some online gambling casino they have never even heard of, researched or tried out. This includes scam casinos that aren't actually casinos. Although they are a bit more careful about that due to the fact that in some cases they can be held legally accountable. Still, either way, review sites are the worst. I would not trust them either. Some people are gullible and believe everything they read there, though. What a sad way to lose money. Best thing you could do is do your own research. Precisely. With research, you will know that these turned to be good casinos are certainly those scam casinos that you need to avoid in the first place. Review sites are already controlled by them, as they always leave good impressions made by some paid users, otherwise they would not gain any customers at all. Although I’m not saying that review sites are not longer reliable, but in most cases they are almost made to lure new players. I would go as far as to say that review sites are not any longer reliable and never have been. If you really think about it, review sites are just businesses. And the way they mostly make money is not by advertisement or selling merchandise of any kind, but they sell services. Which is what they like to call it. But honestly its just the review site selling good reviews, regardless of whether the reviewed website or online gambling casino in question is any good or not. Most of the time they do not even do their research but just copy paste whatever text they are given by the customer. |
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No, I've never played at a casino that doesn't have an ann thread on the forum, in fact most of me know about the casino from the activity on this forum. But it can't be denied that there are so many online casinos and many don't have an ann thread on the forum so when someone plays other than the well-known on this forum it becomes a question for many members of this forum but actually it's a normal thing as long as the casino pays
Seeing as I only like to play in online gambling casinos which have cryptocurrency account funding options, I know for sure that if there was something wrong with such a crypto casino, like it was scamming its users or had similiar red flags which most would find unacceptable. I would find out on Bitcointalk firsthand within hours. That being said, I only use casinos which are on this forum and are being observed carefully everyday by our lovely bitcointalk gambling and scamwatch community. Any other casino is too shady and I would not trust it just because it does not have such "security". Furthermore the community is quite tightly knit so we post together, we gamble together. Its fun. |
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One of the reasons why traders loose money everyday in their trading is 'greed'. A trader will hear about a particular coins he wouldn't even do research or proper findings to know the future of the coins which he wants to trade his money on but rather the greed in the trader will push him to use all he has with the aim of making 4 or 5 times of his trading capital.
Traders are big risk takers so everyone should know what he or she is trading on so that when you loose which is normal, you will learn more.
No trader is perfect but mastering coins you trade on can help you, remember trading is like a gamble you either gain or loose.
Do not trade with everything you have,your egg can not be save in one basket, I have lost but I have gained more in trading with the help of research and mentorship programs.
I think the real problem is putting all your eggs into one basket rather than being greedy. Although putting every egg into a single basket could be seen as the result of greed. Its obviously important to diversify your investments into things worth investing into. I for one would never invest into start ups which do not even have a institutional investor behind them. I remember someone once did an experiment and randomly invested into whatever came up first and that person did remarkably well. So there is obviously a limit to how much research will be useful. |
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Bitcoin has gained so much popularity and recognition in the past few years that it rose from nominal prices to almost $69000 in 2020. It however gained hundreds of billions of dollars in capitalization over the years. The situation has changed with both appraisals/approvals and backlashes on the cryptos by some countries, especially government officials.
Inflation is another problem, and they have successfully caused Bitcoin to remain at lower levels compared to its all-time peak of almost $69000. Its market capitalization today is a little above $454 billion, which is still a good value. However, in events that more backlashes and higher inflation negatively affect the crypto some more and finds itself at about $1000. What would be your reaction? Will you turn your back on Bitcoin or has your investment just begun on it?
As for me, my investment has just begun. I have learnt from my past mistake.
If Bitcoin reaches 1000 USD? That seems impossible but if it happens, I would invest like I have never invested before. Unless a fatal flaw with blockchain was discovered. In that case I would stay away until it has been fixed. In fact, I think the only scenario in which the price of Bitcoin would drop such a horrendous amount would only be if something caused a mass panic. Like WW3 or as I said, a discovery of a fatal, perhaps permanent blockchain flaw. But lets be realistic. That won't be happening. Its already been too long and Bitcoin has been tested again and again. |
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