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2621  Other / Meta / Re: [Stats] No. of Users Registered on BitcoinTalk Every Year on: July 13, 2021, 01:55:11 AM
I wonder how many of those accounts haven’t even made a single post (sorry just thinking out loud).
Maybe the way to determine this is to see their positions in their profile. If I'm correct, if they haven't made a single post but registered, it will just say Brand new, right?
2622  Bitcoin / Bitcoin Discussion / Re: Self-Proclaimed Satoshi Arrested Over Bitcoin Fraud on: July 13, 2021, 01:47:15 AM
This is not that surprising anymore. Many of these opportunists take the mystery person's identity or group of people and take that as their gateway to getting their fortune. It's just sad that people get scammed like this, and I hope they recover their assets.

It just shows that we, people, have problems, and we need to address them. We don't need to embody a make-believe fantasy that you are satoshi. We are all satoshi.
2623  Economy / Gambling discussion / Re: Any good crypto betting exchange ? on: July 12, 2021, 05:14:00 PM
Hi, I've seen plenty of bookmakers on this forum but never a betting exchange like Betfair for fiat.
You are quite confusing in this statement. You have seen bookmakers in the forum, then, knowing that this is a cryptocurrency forum, then it's almost automatic that the currency being used is crypto.

So that's settled and then you asked

never a betting exchange like Betfair for fiat.
Check a local bookmaker in your place or search Google for online bookmakers or something. Then obviously you wouldn't see anything here that could automatically be considered as a fiat receiver type of gambling site.

Then you said

I was wondering, have you ever heard of a betting exchange using cryptocurrencies ? 
Betting exchange using cryptocurrencies??? Didn't you already see plenty of betting platforms here?

Anyway, be careful with what you deposit to, make sure to make thorough research on it as well.
2624  Economy / Gambling discussion / Re: Nigerian government changing the state of lotteries on: July 12, 2021, 05:07:30 PM
Is this unexplored in Nigeria?

Upon searching for a couple of minutes, it seems that it's legal and illegal there. It's not that well-regulated, and some officials want something out of it hence, corruption. With the increasing gambling activity within them, upon reading the article linked in the reference section, they are getting more regulations that are not bad compared to doing nothing.

I hope with all the complex activities with this in their country, there would be no consequences towards the action of people if they had a rough day or something with all the gambling they had.
2625  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Does technical and fundamental analysis help? My example. on: July 12, 2021, 04:48:20 PM
I think OP is partly with TA and FA both. Though different, all the three (including factual) shall be considered if investing heavily.
The part where you should learn about its TA and FA should be given already and a lot of people should do it consistently. No one can escape the fact that projects can be a scam or not. The important thing is you buy what you can afford to lose and don't risk too much that could affect your well-being or lifestyle.
2626  Alternate cryptocurrencies / Altcoin Discussion / Re: How do you make sure a projects funds are safe? on: July 12, 2021, 04:42:51 PM
You cannot completely verify what the developers would do in the long run. Especially if the project is some kind of non-existent and popping up like mushrooms out of nowhere, then you could expect that this is just a scam and could run away with your hard-earned money. It's not going to be always the case but you need to make sure and see if the project that you are investing in is legitimate and has actual plans in the long run.

What would you like to see DAO projects do in the future that would help build trust and make sure funds are secure from theft?
Theft would be another case like stealing your computer or hardware wallet. You cannot control what the developers are going to do with the personal stash that they got from the coin itself. As long as you are listed they can swap the amount and "trade" your asset to the scam coin.
2627  Other / Meta / Re: Is there some sort of Godfatherism in the forum? on: July 12, 2021, 04:32:41 PM
You could look at it in two ways.
  • There is a merit ring
  • The ones being merited are awesome posters

Obviously it's the latter on it. You don't need to point any fingers because everything can be seen here and you would notice that a lot of receivers have great quality of posts. If you find some kind of suspicious activity like someone unexpectedly receives high merit with a shit post, then there could be something.

You just answered your own post in a way. There was a time where merit was non-existent and there are still campaigns that accepts newbies. Those are a couple of years ago and the forum is better with it.
2628  Economy / Trading Discussion / Re: Volatility Indicator on: July 10, 2021, 07:33:50 AM
From my past observations, serious price movements seem to start on Wednesday and Sunday.
It's almost always correlated with our payday with BC. Lol, at times I noticed that when we're about to get paid, the prices get higher (less BTC to receive) but during Sundays, it goes down. Lol.

For OP, maybe trading between Monday and Tuesdays can be effective since it's the least movement of the market?

This is interesting. Thank you.



Thanks for all, @crwth and @jackg, I am currently trying a combination of bol Bollinger bands with Average True Range (ATR) indicator, I find Average True Range (ATR) much better for me than Average Directional Index (ADX), although they have almost the same.
I hope that in some way it helped. It's never too late to experiment on these types of things.



Would this be labor intensive though? Because I am sure that it's going be a lot of analysis and would it be cost effective for OP because he/she is still experimenting on a business idea.
He did ask what type of indicators check volatility. It's up to him to whether or not he will pursue and do it continuously.
2629  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Does technical and fundamental analysis help? My example. on: July 09, 2021, 03:25:56 PM
To be clear, TA and FA have different domains but could be helpful when you are deciding on what project you are going to invest in or when you are going to buy when the project is at a great time to buy.

When you were just starting out, what basis did you determine on? If not TA or FA?
2630  Economy / Trading Discussion / Re: Volatility Indicator on: July 09, 2021, 01:40:42 AM
I believe this would be a hard one to do because of all the differences in timezone within the world. Maybe if we could focus on a single timezone, probably with the largest contribution to the trading volume of cryptocurrencies, then we can say that they are the most influential and that the time they are not affecting the market, then it can be less volatile. Additionally, most of the whales have trading bots as well to maximize their opportunities. I think it's hard.

The indicators at the top of my head that represent volatility are
  • Average True Range (ATR)
  • Bollinger Bands (BB)
  • Average Directional Index (ADX)

For ATR - you can utilize this by checking the distance of the ranges. If it's small, volatility is low. If it's high, then volatility is high. So you are looking for a low value of ATR

For BB - you can check the distances between the two Bollinger bands (HIGH BB and LOW BB) and it would indicate low volatility. It would say that the current action is sideways.

For ADX - quite similar to ATR in some sense. Same thought, lower value means absent trend.



References:

https://wiki.gunthy.org/trading-strategy-options/regular-strategies-spot-trading/adx
https://school.stockcharts.com/doku.php?id=technical_indicators:average_true_range_atr
https://www.fidelity.com/learning-center/trading-investing/technical-analysis/technical-indicator-guide/bollinger-bands
https://www.investopedia.com/articles/trading/07/adx-trend-indicator.asp
2631  Bitcoin / Bitcoin Discussion / Re: The Crypto bans are temporary, we are on the right side of history. on: July 09, 2021, 12:52:28 AM
I'm not sure how I would feel if there weren't any messaging / telephone software around, lol. Anyway, I realized that some people don't see the need for it or are too focused on what they desire most and forget how to help the entire civilization.

It will be a great comparison to how Bitcoin can be considered this catalyst in the financial industry.
2632  Economy / Gambling discussion / Re: Fighting Game Betting on: July 08, 2021, 04:56:05 PM
Since there is a scarcity of E-Sports fighting games, maybe you can organize something like that and invite people who have the same interest as you and you can create the boat that is needed to play and accept those bets on behalf of both parties. Unless there's already in the famous sports betting sites with this, I think it's not going to be hard.

Organize a tournament, I think it would be way more fun.
2633  Economy / Gambling discussion / Re: Are you a gambler? on: July 07, 2021, 10:19:52 AM
Short answer to your first point: ALL IN! Tongue
Probably a ride or die move. Something like that lol.

As for your second point, that is very true. If you say you are a gambler and you are talking to someone who doesn't gamble chances are high that that person thinks you have an addiction. Even if you play a round of poker for $10 every now and then you are a gambler but by far no addict.
Well, that's just it, you wouldn't know what someone is going through as well and unless you observe it or admits it. Oh well, just control your urges and have control over what you are doing. Especially emotions.


2634  Alternate cryptocurrencies / Altcoin Discussion / Re: How often do you harvest at Pancakeswap? on: July 07, 2021, 09:51:22 AM
A little bit more than 1k in pancake and smaller amounts in other farming projects. Just trying to find what is the best method.
As long as your not risking too much of your portfolio that could affect your lifestyle, you can do whatever you want and maybe you can stumble upon something that is really worth something.

2. You never enter a new farm with a "shitcoin" the first days. It's 100% that it will go up for 2-3 days because of the hype and then it will fell dramatically, so if you buy it just for the farming you will lose more than 30-50% because of the dump.
Maybe if you can take advantage of that coin by either looking for a way to get it before it releases or buy when it's super dumped and hope for the best for it to go up. Something like that lol.

In my opinion staking and specially yield farming is a huge "economic world" with many paths.
I do believe it's one of the paths that we could take so that we don't get too "energy-hungry" and be blamed for the environment lol.
2635  Bitcoin / Bitcoin Discussion / Re: mining operation has made a [] lake 'so warm you feel like you're in a hot tub' on: July 06, 2021, 06:00:50 PM
Here the release cooling water must meet some norms and those are quite different by where the water is discharged, lake, river, capacity or replenishing for the lakes, debit for the rivers, so yeah I think you can call it "waste" at this point, although it's pretty normal to have fish and fishing done in artificial lakes, made exactly for those power plants.
I guess they are safe on that one but I'm not sure about how the "news" will be interpreted in September once their permit in the air is contested or something.

So waste as in be careful how much you dump but not as in treatment necessary before discharge. No idea what those norms are in the US and certainly not in that state in particular or if they have them in the first place.
New york is modernized, I think they have the necessary tools for that if they happen to have the correct equipment.

As for the size, it matters a lot, and so does the water temperature, it's one thing getting water from a river in Canada in winter for a 200 MW plant and something else trying to cool 4 nuclear reactors, you can look at the pictures from satellite for that powerplant and how large facilities look like, these two for female, also lake-based a and b. It's not just a pipe and a basin like the other  Wink
Definitely very different from the simple mining operation compared to the Nuclear reactors that power thousands of houses. It's a great energy source though. Thanks for sharing the maps. It's fun to look at.
2636  Alternate cryptocurrencies / Altcoin Discussion / Re: How often do you harvest at Pancakeswap? on: July 06, 2021, 05:55:06 PM
No, because compounding manually is very expensive, specially with small amounts. For example, if your reward is 1 dollar per day and every day you harvest and then you add your reward in your pool, you will spend more than half of your reward in fees every day.
So basically, don't harvest every day and just let it bear fruit continuously and just prune it once you had enough? Or the rewards won't take over unless you prune it?

Did you invest a lot in this?
2637  Economy / Gambling discussion / Re: Are you a gambler? on: July 06, 2021, 05:02:03 PM
I know I'm a gambler because I take risks with most of the things I do because I know that you could only gain something if you risk something. You would need to adjust and change the risk management.
Haha I like that one! I frequently use a revolver with one bullet, spin the revolver drum and fire towards my aquarium. Am I a gambler? Tongue Just joking!
Definitely, with your life at risk, it's not that different when you are going all-in with all your money whether it's savings or actual assets like houses, cars, etc. You would end up dying or being the richest you have ever been. What would you decide?

I am indeed a gambler, but not on a daily basis. I bet on games I find exciting and I do check the odds from to time. What I can say is that I only bet on stuff that I do watch, like very exciting tennis or soccer games.
I think there's always a negative connotation towards the word "gambler". It's always associated with the word addict and there's definitely a difference. Having discipline and knowing when to bet or quit takes quite a practice and with your experience, I think you are a casual gambler.
2638  Bitcoin / Bitcoin Discussion / Re: mining operation has made a [] lake 'so warm you feel like you're in a hot tub' on: July 06, 2021, 04:32:24 PM
The problem is probably with the design of the plant, every plant releases enormous amounts of hot water nothing new, this is a small one and probably was allowed to discourage the water directly unlike other plants that have a secondary circuit for the heated water.
I see, I never thought of their plant size as a factor or what its current state is. I only know about wastewater management and I don't think it is considered as waste because it's only used for cooling? Or am I wrong on this one?

Looking at the maps there are a few houses at 200-300 meters from one of the intake pipes so probably the release one is just as close, at that distance, you will definitely feel some heat especially if the intake and outtake flow create a current than runs by the shore.  On the other side, or a mile away, no way! Not with 0.00...lost count of zeros...km3 compared to 15km3 volume that lake has.
Collectively, I don't think it would cause too much trouble unless there are characterization tests and analytical equipment used to test certain parameters for the water and show data that it's unsafe for the environment or anything.
2639  Alternate cryptocurrencies / Altcoin Discussion / Re: How often do you harvest at Pancakeswap? on: July 06, 2021, 03:23:59 PM
I don't have any experience with this but when it comes to investments in compounding, I'm all in for it. Anyway, do you really have to have that auto-compound thing? Maybe you can just manually do it and change what you invest/harvest with your investment? And then once you had enough and you have your strategy towards withdrawing, then you can save up with the fee. Is it not possible?
2640  Bitcoin / Bitcoin Discussion / Re: mining operation has made a [] lake 'so warm you feel like you're in a hot tub' on: July 06, 2021, 02:46:56 PM
If New York has a problem with it, they need to assess their regulations regarding the laws they are putting up on their daily water intake. Consuming millions of gallons daily is a lot for sure and returning them even hotter makes it even worse. I hope the marine life there is not abundant because that's not an excellent habitat for them. Or maybe they moved because of this or something.

I'm going to wait on the results with their renewal on their permit for the air and see if they will be regulated or demanded of something.
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