This brings me to a suggestion for our merit sources out there. Maybe you can create a thread on an important topic for discussion and reward those who share their valuable insights. Let's not do that. Merit isn't a school project, and it isn't supposed to be a form of payment for doing as I say. Merit is meant for posts that are worth reading, and if someone can do that on his own, Merit will find him. Given this year's hype, I expect your suggestion to lead to many shitposts created by chatbots. You're absolutely right in saying that merit will find those who make quality posts. One should always focus on the quality of the posts and replies, and the merit sources, as well as other members having sendable merits, will give merits to those posts and replies without rethinking. If someone's post or reply is helpful then the generous members of the forum will send them merits. I have seen some scammers and alt accounts of the people who were banned from the forum, receiving merits for their quality posts and replies, and thus it's a fact that the reputed members of the forum support all those users who share quality material, that could help other users, who want to learn about the topic of discussion in detail. In last few days I have seen some people who cheated the generosity and goodness of the reputed members of the forum. They received many merit points by deceiving those members with their acting and showing nature. However, a liar and cheater will get caught no matter how much acting he/she knows. I've seen some reputed members who were dishearten because of those users who took advantage of their goodness. Because of those type of greedy people many good and contributive members of the forum are also unable to gain merits. I must say that the merit sources and other members having spendable merits should support good quality posts and replies so that the users will try their best at creating good quality posts and replies only. |
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chart buddy
265xx
265xx
265xx
how bout
2727x
2727xx gave the 27 needed to make it 272727 which would be very nice. It would be amazing I guess and many people could retire once that price point is reached. The guys who invested in Bitcoin when it's price was $2k would make more than 100x from their investment and that's a game-changer for them. I hope we will soon see that price range in real life rather than in our dreamy predictions. We should always hope for the best. Who knows that within a year or two we might get the change to see that price tag in real life. I'm sure sir, you'll enjoy your life even more if that price range becomes a reality. |
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BlackRock entering their bitcoin ETF in the beginning will be a boon for the price of Bitcoin, but in the long run it will be a nightmare for the community, on page 24 BlackRock says it will choose the side of the net, and when that happens will the will we go along with BlackRock? and miners go looking for the fork that provides more liquidity, this is a nightmare for decentralization for a company with a lot of power to enter bitcoin that has not yet reached its maturity.
I think that's a great news for us, if the Blackrock does that purely by finding bitcoin as usable asset then that could really move the price of Bitcoin to higher levels as investors will get more confidence to invest in it. I think this time Blackrock is somehow favoring Coinbase as its custodian, which was sued by Sec, and that will restore the reputation of that exchange. The market will change its shape if such news reports start appearing, and I have seen that with each good news the market finds its way for a pump. I don't think that it will ever be a nightmare because if an asset manager like Blackrock is interested into Bitcoin and is making its way to enter the crypto-market then that will be really good things for the market and for the miners. The market will continue growing because of such news, and the investors will gain more confidence to invest in Bitcoin. I hope things will improve further in the market, and we will soon be able to see another pump that would take price of BTC above $30k range. Let's hope for the best! |
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I'm an active participant in quora. Mostly I'm engaged in cryptocurrency discussion in Bengali. My purpose is simply to fight against FUD, misinformation. I have been doing this actively for long time now. I have engaged in debates in quora.
For the last few years, I'm trying to have a debate about Bitcoin with Mohammad Ghoni who was a Professor in a private university of Bangladesh. He claims himself as a economic analyst.
However, his negativity against Bitcoin is totally stupid. In fact, it seems he is biased when talking about Bitcoin or other cryptocurrency. He talks nonsense as if he doesn't know anything about Bitcoin. He is spreading wrong information about Bitcoin in quora. It's simple, when you don't know anything perfectly and you want to talk about that, you will only generate some stupid text.
I tried to engage with him in his responses. I'm ready to have a debate with him. The problem is he doesn't reply when someone wants to talk against his stupid opinion. He simply put answer on quora and then leave. I have replied in many of his answer in quora but never got a reply.
Now, I'm getting more concerned because he is spreading negativity in most of the questions. What can I do? Is there anything legal step someone can take, any foundation working on such issue? Or how can I invite him for a debate? I can simply put him on ignore but I'm also concerned about people getting wrong message. That's why I'm thinking something different.
Just ignore him and don't even think that his misinformation could cause anything to Bitcoin community. He's not alone in doing such things and there are many skeptical people like him who are totally against Bitcoin and concept of crypto-currencies. These people will always try to spread wrong information about Bitcoin because they hate it deeply. The only thing we can do is to ignore all those people who do that, debating with a fool isn't a good choice because such people don't listen to others. They only consider their own opinion regarding as an eternal truth. You're just wasting your stamina and precious time on a naive person, and I suggest you to just ignore him. You should stop replying to his non-sense answers because if someone is scared from truth then he will never reply to the one who speaks truth. The guy is a liar and he is promoting misinformation intentionally, and that's why he won't listen to anyone. Just block him if the blocking option exists on Quora and never ever read his answers even from another account. |
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Bitcoin is still under $30k and still above $20k, of course it's not too late,
if you are still in doubt, maybe you can buy bitcoins or altcoins by accumulation,
so that the risk is smaller and of course make sure you have to divide your capital and don't buy 100% of bitcoins or altcoins .
I would say that investing in altcoins in current market condition is not a good move because the altcoins can drop further in value if the market doesn't recovers fully. I even think that altcoins will see more than 50% dump if Bitcoin dumps once again, and there is little to no chance of their recovery in coming weeks after the dump. In such times one should be more cautious when investing money on altcoins. The only altcoin that could be profitable in current market is going to be Litecoin, but still invest in it at your own risk. On the other hand, I think it's the best time of the year to invest in Bitcoin because even after so much pressure on the crypto market and the exchanges, the Bitcoin's price is stable at around $25k, and anyone who buys it at $26k or less, will have quite good returns during the next bull run. The Bitcoin is the king of the crypto-currencies and it will cross the range of $120k in the coming bull run, so anyone who's into Bitcoin will have good returns within a year or two. |
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Nepal loves cricket a lot, and more and more people are getting excited about it. While relatively new to the world cricket, recently got chance to showcase their skills at prestigious events- Asia Cup 2023. However, their opponents both India and Pakistan are known for their high level of cricket. When you arrive at the international stage, even if they are very strong, you should always aim for bigger and better things. There is no limit of any dream, so let's play for the win. This team has the potential to join the top leagues of the ICC, but this will require perfect planning and a focused approach. With proper guidance and support, their cricket can go higher eventually.
I believe in the Asia Cup Nepal is going to aim for at least one win against a big team. Imagine Nepal winning a match against India  . That is going to give them huge motivation for going forward. I also believe that ICC should really think about giving them more money than they are giving right now. Among all the associate nations I believe, is the most deserving of ICC funds, because Nepal does not have foreign players in the team as far as I know. So if Nepal improves in cricket, it is actually going to be a genuine improvement. Nepal can definitely improve in cricket because they have the will power to improve. They have taken a lot of hard work and a lot of challenges just to improve in this cricket. And this season of Asia Cup they have qualified. Nepal can only dream of defeating a team like Pakistan in the Asia Cup. If Nepal can beat teams like India, Pakistan, Bangladesh in ODI matches in Asia Cup then their confidence will increase a lot and they will be more motivated to move forward. As a small team, I expect Nepal to perform well in the Asia Cup. I don't think that Nepal team good enough to compete and win against Pakistan and India teams because they have more experience on the ground and the both countries have very good teams with some very talented players. I must say that Nepal team has shown great performance in previous ODI matches, but they're still not good to secure victory against team India or Pakistan. I'm excited to see their performance in upcoming match against West Indies because I think they will have tough time against that team. However, I'm still confident that they will try their best against West Indies. The West Indies team is more experienced as compare to Nepal team, but I still hope best for the team Nepal. |
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Technically its not the volcano but the magma flow that goes to it. Its done generally around inactive volcanos for obvious reasons.
The magma boils the water underground, so all you need is drill a hole and it spits out steam that is used to turn a turbine, then you capture that vapor let it condense and send it down to the underground again.
Its not "like" geothermal, it literally is geothermal. It just happens that volcanos tend to have magma flows to them.
I think Americans have a place with geysers; Yellowstone park?, that's the same energy just being wasted. Underground water is being boiled until the pressure makes it "erupt" until inside pressure falls, the water returns underground and the process repeat.
wow!!! This is nice. For this those who are not conversant with the volcano energy will know it from here. Really I have not heard Volcano Energy but I have only heard about dustbin energy but I have not seen it. According to scientist, the waste that has been dump in a particular environment can be converted to electricity. Even river current which also known as dam. Now is volcano. All these natural resources are there to produce light but yet the governments will not invest on them but instead fuel. Why? The thing that you're referring as "dustbin energy" is actually energy generated with the garbage that's thrown as waste. The energy actually comes from the solid part of that waste when it's burned in waste-to-energy plants. When the wastes are burned a stream is produced in boiler which is then used to power a generator based turbine. You can also call the thing as biomass-generated energy and it powers the generators which in turn supply energy. The energy generated from Volcanos is often called Geothermal energy and that comes from the heat of the Earth's crust. This type of energy often works when heat from volcanos is captured with the help of running water which in turn converts into steam, that steam is then used to spin the turbines and the electricity is generated. The Geo-thermal energy is renewable and it could be very helpful source of energy for the miners who have access to it. The type of energy is not for all miners because it's abundant in those areas of the world where volcanos exist. Well, I think El Salvador's Government has taken a very nice step for the Bitcoin miners. However, I believe that the cost of mining won't reduce with such type of energy source because it could cost the government huge sums of money to create such power-plants that could capture the geothermal energy. |
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The decision made by Hong Kong authorities to support Bitcoin and other crypto-currencies is appreciable, however there can be some issues in the initial stages of it. The banks will slowly adopt to the crypto-currency payments and that will really have good impact on the crypto-market in the long run. I think this news is quite sufficient in such times to fix the current problems that the market is facing. If Hong Kong is favoring crypto-currency payments then many neighboring countries will do the same.
I also believe that Hong Kong has been inspired by Singapore to accept crypto-currencies as valuable assets that could be tradable with fiat. I think this is one of the best decisions ever taken by Hong Kong authorities. Although, they have suggested the banks to adopt crypto-currencies, but I still think that banks won't start accepting the crypto-payments anytime soon. However, after sometime most of the banks will have to accept the crypto-currencies.
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So newbies on this forum have made nice contributions to this forum . however my question is apart from post quality how else can u notice a potential newbie on this forum.
Does post to merit ratio count?
I think your statement isn't very accurate regarding newbies contribution to the forum because most of them just do shit-posting or use AI to create the posts of long length which doesn't make sense to me. Most of the newbies aren't contributing anything to the forum, but they are making such posts to grab merits from reputed members so they could rank up in short span of time. I don't think that anything is wrong in ranking up, but when there is not much effort but use of AI and or rephrased content then that's the worst way of ranking up. There are some noteworthy newbies who have contributed good content to the forum and yes the generous members support those newbies to rank up as soon as possible because they know better the contribution of those newbies who could be valuable members of the forum in future. The forum and its reputed members have shown generosity towards newbies and are willing to give them merits if their posts are high quality and could help someone with the crypto-currencies and specifically Bitcoin. |
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It's easier to get addicted to online gambling, but I recently met someone who said that he isn't even aware that he was an addict until his blood brother told him that he is going too deep into gambling.
He said that he screamed to him to wake up scarily, he said his brother is his savior, but I replied to him that he is someone who listened, most gambling addicts that I have came across have closed ears, they won't listen to you when you try to warn them or advice them.
Have you meet gamblers that are going way too deep into addiction and you try to stop them and they listen? I've never accomplished that before.
They always behaved deaf, like some spiritual power is in control.
My friend your title is very misleading and the original post doesn't contain anything related to deafness. Deafness is a physical disability and I don't think that gambling could cause deafness in anyone even if they are absolute addicts. The gamblers often avoid those people who try to stop them from gambling activity and that doesn't makes them deaf. Those gamblers can hear all the words of the one who is trying to show them the bad nature of gambling. They avoid those people intentionally because they can't stop themselves from gambling. I have seen such gamblers who would never listen to anyone even if the one who is trying to stop them is their own biological father. The gamblers are so addicted into it that they will spend a lot of money on it and they don't care even if they lose everything. They aren't deaf or anything else but have no self-discipline to avoid gambling activities. The addicts will leave the addiction if something more interesting than gambling becomes part of their life. Other than that they won't listen anyone and will continue their gambling activities without any fear or regret. |
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I click [SELL BTC] and the order is placed.
The order is immediately filled and over.
I made $20
Why did it immediately close and how do I prevent it from happening?
You have made a market sell order on futures, and the order got filled instantly, you haven't made $20 from that order but had an open position that is worth $20. You'll only make money when the price of BTC goes further down and you will see the %age of profits that you made. You'll only secure the profit if you close the order when the price is below the shorting price where you opened a short position. I think you aren't familiar with crypto trading that's why you are asking such questions. I recommend you to learn about crypto trading first before putting your money on trading because if you continue doing this type of trading you will definitely lose a lot of money. |
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A whale is continuously taking the sell trades on USDT on 3Pool to put pressure on the liquidity and there are high chances if the whale continues their manipulation that USDT might get depressed again and it will bring a huge disaster in the market. Even my fears are market won't be able to hold on to the current support level.
I don't think that a while could manipulate the whole market unless if he is Elon Musk or someone with that much capital to dump the market. I would rather go with exchanges than a whale because the exchanges wouldn't let the BTC's price to go up and if it goes up then many of the futures traders with huge leverages will earn a lot from their open positions. The market may see another dump but the chances are very low for that to happen. I think the market will recover once again from this pressure and the BTC will gain some more dollars in its price in coming weeks. This time the pump will be of a slow nature but it will most likely happen. There are some chances for a small dump again, but that won't impact the market by huge levels. |
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Another scheme is blown into air, I have learnt about such platforms in 2021 and they were offering huge interests for the ones who would lock their crypto-currencies on their platform. The same model was followed by many exchanges and is still active on some exchanges. Some of those exchanges have lost all of their money during the bear market and crash of Terra Luna, and after that the platforms were just fooling the customers by showing them numbers only which had no intrinsic value in real world.
With the collapse of Terra Luna a lot of those exchanges have lost a good amount of money and they weren't able to recover the losses. Many of those exchanges were giving huge returns to the ones who were locking and staking their Luna on those platforms. They were confident that with Luna they will help them earn huge returns and the customers were falling into such traps because of their greediness. They were stacking all of their coins on such platforms and were thinking that they will be rich in a year and so on.
Those sites kept all of their users in dark when the market crashed when UST was de-pegged and Terra Luna went to $0 in few days. They all were in shock because none of them were expecting something like that to happen, and after the liquidation they did everything to hide their bankruptcy from the users. I don't think that someone who knows economics very well would ever fall into such schemes. The huge returns on stacking are always fake and they are Ponzi type of schemes to loot money from the wallets of the users to their own custodial wallets. I think promoting awareness about such sites is an important thing so that new users might not fall into such traps.
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I am of the opinion, as some previous answers have already pointed out, that the price will reach one million, we don't know exactly when, and I don't think it will be as much as a couple of decades. Yes, Bitcoin to $1 million is possible and it will happen in future, but in current date and time Bitcoin won't be able to reach that range anytime soon. If you really want the Bitcoin to reach that price range then you'll have to wait for 1-2 decades for that to happen.
I think we will probably see that in a decade or less, but the purchasing power of a million probably doesn't even reach that of half a million today. When we calculate how much the price of bitcoin can rise by comparing it to fiat, mainly to the USD as is often done, we must also take into account the erosion of the purchasing power of that fiat due to inflation and not just look at the round figure. Well, I know that after a decade a million won't have the current purchasing power, but it will still be a million and even with half of its current purchasing power, it will still be very profitable as compare to it's todays price range. We all know that inflation is increasing to very high levels each year and that's a pure sign of failure of fiat to persist its current value, but Bitcoin is totally different from the fiat currencies. The Bitcoin is a deflationary product and it will continue to increase in value in future. The deflationary nature of Bitcoin makes it unique as compare to traditional assets and fiat based currencies. The Bitcoin has shown huge growth in previous decade and many people expect that it will show similar growth in the coming decades as well. But, I must say that the coming growth of Bitcoin won't be as high as it's initial decade's growth because at that time Bitcoin was not well known and it first got the attention of the investors, and there weren't so many investors in initial years of the currency. But now, the currency is widely known and many investors are holding huge shares of Bitcoin and are thinking that it will grow huge in future. The new investors are also interested in Bitcoin and there are some investors who are accumulating Bitcoin when market dips. |
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Is Bitcoin the final form for humanity?
Decentralization has long been dreamed by all different social models, is there another step to be taken?
Can humanity (humans) learn to hang on and manage their finances?
Or is Bitcoin an experiment to show that we're not capable of managing our own belongings and do require central authority?
No, Bitcoin isn't the final form of decentralization for humans because no one knows that what the future holds for humans. The things will be very different from today in coming decades and the technology may reach very high heights in future. Although, Bitcoin is the best form of decentralization till date but considering it the final form won't be justice because who knows that in coming era there will be more and more inventions that could take decentralization to another level. The Bitcoin is truly a savior for the lover of decentralization and its the king of the crypto-currencies, and after its creation the many new decentralized projects started appearing. In the world of decentralized finances there isn't a competitor of Bitcoin and there won't be one in coming years, but the decentralized technology is not limited to finances only and there have been other decentralized technologies like decentralized VPN's and Tor. Those things are at another level of providing decentralization and may help you to browse internet anonymously without sharing your personal IP address. |
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After Binance failed to acquire virtual asset service provider (VASP) license that is needed to meet AML requirements, which resulted in Binance having to leave Netherlands market alltogether so from July 17th user from Netherland will be able to withdraw only and no new users will be accepted as of today. Binance, the world’s largest cryptocurrency exchange, is leaving the Netherlands, after failing persuade the Dutch regulator to issue a virtual asset service provider (VASP) license, which attests that it meets anti-money laundering (AML) guidelines.
As of July 17, Dutch residents will only be able to withdraw their funds from the platform, according to a statement from the exchange.
“We regret to announce that Binance is leaving the Dutch market,” Binance said on its website. “This unfortunately means that no new users residing in the Netherlands will be accepted as of today. Starting from 17 July, 2023, existing Dutch resident users will only be able to withdraw their assets from the Binance platform. No further purchases, trades or deposits will be possible. We encourage those users to take appropriate action by withdrawing assets from their accounts.”
Binance said it has been in a comprehensive registration application process as a virtual asset service provider with the regulator. “Although Binance explored many alternative avenues to service Dutch residents in compliance with Dutch regulations, unfortunately this has not resulted in a VASP registration in the Netherlands at this time.”
The regulatory bodies are not letting Binance to continue providing their service in those countries. Although, Binance has been doing very well for the crypto users and specially the traders, but now the odds are against them and they might leave many other countries in fear of getting accused. After the allegations of Sec on Binance and its ceo CZ, the things are very totally blown up for them. I'm pretty sure that CZ is aware that he's being targeted this time very harshly and that's why he will exit his service from all those countries which are against Binance. I'm very sure that the exchange will do its best to continue providing its services to international users and they won't exit the crypto-market like others. However, things will be tough for them in coming months and that's the reason due to which they are stopping their services in the countries which aren't favoring them to continue the services and they aren't even giving them the required licenses. |
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Another thing is that even if we might have an investment portfolio and we might not even invest aggressively into bitcoin, and maybe ONLY take a 1% stake into bitcoin, we still might end up with a good portfolio, but that is not guaranteed either, and I tend to recommend a starting out range of anywhere between 1% to 25% for a newbie into bitcoin, yet they still have to decide their allocation amount and their strategies in regards to how they get there.. if they might be starting from zero in BTC and then trying to figure out how they might get to their chosen allocation/target level, and are they going to lump sum into it? or maybe they will take one or two years to get to their target level, or maybe longer than 1-2 years.. depending on how much they might have in other investments (and how liquid might be those other investments).
That's very true, only 1% in most cases is enough to stake into Bitcoin, and few people will have good portfolio with that much of investment. But, a proper range to add into Bitcoin would be around 10% and more if you have firm trust on it and its potential. The 1% rule may not work for the ones who have very low budget and the best starting range for such people should be around 10-25% like you have suggested. It's always better to have a proper strategy when investing in Bitcoin. My investment strategy is simple because I think the best time to accumulate bitcoin is when the market gets a dip. The dips are actually best for increasing ones investment in Bitcoin and some good Altcoins because during the dips we can accumulate some extra worth of Bitcoin than their regular prices. And, if we start investing 10% of our income or capital into Bitcoin during the dips than our accumulation will be enough within 2-4 years that we can hold for a decade or two to earn good amount in profit. Aside from Bitcoin and cryptocurrency investments I think one should still save the rest of the 15% for other assets that have the potential to be huge in future. The best investment in that case would be on a asset class that may grow to good price ranges in future. I think in my eyes gold has that potential and it can grow slowly but substantially in price in coming decades, and I believe that 25% of our earning should always be invested in something that could make our future life free from financial issues. The rest of the 75% are enough to enjoy the present moments of life, and to meet our daily needs. I think that way one will never have to be worried when it comes to financial needs. The investment in proper assets is the way to go and someone who's wise enough will always choose such strategy. It's best to have 25% of ones earnings to be invested in Bitcoin, some good Altcoins, and into an asset like gold or something else that has the potential to grow in future. I know that I have not explained what I mean very well, and if some one is brand new and brand new to investing, then they might start out with ONLY investing into bitcoin with any extra cashflow that that they have, and maybe if they have an ability to save 10% of their income (and invest into bitcoin) it could still take them around 10 years to build their investment portfolio in which they have an amount that is in the ballpark of 1 years salary (or one years living expenses), and perhaps at that point maybe they would diversify out to some other things besides bitcoin and cash.. maybe property, equities, cash equivalents like bonds and commodities (and perhaps gold, I am not sure about gold, I think that bitcoin is around 1,000x better than gold so bitcoin is likely going to continue to eat gold's lunch since it's current price is around 1/20th of gold.... but hey people can figure out their tolerances and the things that they want to invest into, and maybe they come to bitcoin and they already have other investments, but if they are new to investing, I don't see any reason to diversify out - especially in the earliest of years.. and especially I doubt that it is a good idea to buy any shitcoins.. but people are going to do whatever they decide to do and they are responsible for their own investment decisions. Everything you said is absolutely right, but I must say that there are instances when a person has to invest some money into physical assets and for that reason I said gold can be a better option. I also think that Real Estate is a good option in the realm of investing on physical things but only those who have good amount of money can delve into it, and those who have not much money can't benefit from the thing. I also think that gold is better as compare to other commodities because it may not be very profitable but it won't let your investment down because it isn't volatile and the holders will get something in their cup in future. In the world of digital assets, nothing can compete with Bitcoin. It's more than 1,000x better than gold and any other physical asset as a form of investment. Bitcoin can grow huge in future, and I'm also a firm believer of that theory because it has that potential of growth. I'm also not a fan of altcoins but there are some altcoins that could be useful as investment options. Some altcoins like Litecoin, XMR Monero, and in some cases Ethereum might not be bad choices for long term investment, because all of them have the potential to grow big in future, and I'm pretty sure that Litecoin will grow bigger in a decade or two, and the investors may get some good profits from their investment. Most of those altcoins can grow at least 10x in a decade, and I believe that they're even better as investment option than gold. |
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Bitcoin to 1 Million is it really possible?
Yes, Bitcoin to $1 million is possible and it will happen in future, but in current date and time Bitcoin won't be able to reach that range anytime soon. If you really want the Bitcoin to reach that price range then you'll have to wait for 1-2 decades for that to happen. As you might have heard that Bitcoin has the halving event after 4 years and with that the amount of Bitcoin reduce per block to half and such reduction in the block reward will reduce the number of mined Bitcoin and because of that the value of a BTC gets higher and higher with each halving event. The current halving event is expected in 2nd quarter of 2024 and with that the bull market will take the price of Bitcoin to more than $100k per BTC, and maybe more than that. However, you should remember that after each bull run we will have to face a bear run. And, with the next bear run the price could again drop to the levels of $60k per Bitcoin. That's why it will take a decade or two for Bitcoin to reach that price tag of $1 million or more per coin. |
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I don't think that decentralized exchanges will ever be able to compete with centralized exchanges. The Sec's actions against Binance were purely to cause panic in the market but I'm not sure that why they needed to create panic in first place when even Binance wasn't doing any damage to US users? I think they did that to stop US based investors to put more money into Bitcoin because of the fear that when more dollars are invested into Bitcoin the economy might face more inflation due to that. Sec and Binance have already come up to a negotiation deal and they will soon sort out the problems. In future Binance US will be highly regulated and the US government might get a way to access every trader's history in order to protect the users from any type of financial damages. Or they might want that to impose taxes on the crypto traders to fix the inflation in their community, and we will know that only when the time comes. I'm not against decentralized exchanges but in their current state they won't be able to compete with centralized exchanges like Binance and some others. They truly are best for the ones who prefer privacy over ease of use, but unfortunately most users don't care about privacy. The only thing they care about is the ease of use and the features an exchange offers. In that scenario I don't think that there's any other exchange providing such good features as Binance, and such exchange will always be helpful for the growth of the crypto-community. |
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This is what I don't understand about the trade being "filled."
I Sell Bitcoin and have a limit of $$. If the price goes up and hits $$ then the Trade is "filled" and lost money.
In my last case, I Sell Bitcoin and it kept going down, down, down, which I want. When I open the order then the only option is Cancel.
After 30 minutes I cancel the order.
Is the only way the trade is "Filled" if it goes up and hits the $$ and then it's filled?
When the sell order is filled you didn't lost your money, but you got a short position open which will either have positive or negative returns depending on the price of the coin. Lets suppose you created a short limit order to sell Bitcoin at $26000 and the order gets filled, now you have an open short position, and after sometime the price goes to $26500 then you are having negative return from your shorting. And, if the price goes down again to $25500 then you will have positive return from shorting the Bitcoin. In first case if you close your position you will lose some money but in the 2nd case you will make money by closing the position. |
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