Bitcoin Forum
July 07, 2024, 04:16:10 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 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] 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 ... 251 »
2761  Economy / Speculation / Re: Globb0 BTC charts on: October 08, 2020, 03:03:35 PM
What you guys thin about it? I was not that bullish for very long time.




what is the target of this movement according to you? In my opinion, we will stop at 12k, where bitcoin will be put to the final test - ATH or 7k
2762  Bitcoin / Bitcoin Discussion / Re: Christie’s Auction House Sells NFT Crypto Art ‘Block 21’ for Over $130K on: October 08, 2020, 02:00:22 PM
The artwork looks impressive. This confirms the thesis, to be rich all you need is a little bit of smartness and work. Very clever.

man, you just had put an entire article from other webpage in here, without any comments or so?
what do you think about it, was it worth 105k? it is one from 40 parts, and it will be connected to one NFT for each part, all parts should be decentralized, as BTC is, interesting motive, but i would not give that amount of money for a NFT and artwork

Same. I would not pay 105k for one NFT part ... maybe because i don't have such money Smiley
2763  Economy / Trading Discussion / Re: Rather learn to trade by yourself on: October 08, 2020, 12:30:33 PM
High volatile market doesn't mean high risk market. You can lose all your money in one day on Forex with is not volatile at all but traders go with up to x500 leverage. You can also trade for years here on crypto. The key is money management. To know when to stop. To know how to calculate risk and compensate it with lower position size.

Position Size for dummies:
https://bitcointalk.org/index.php?topic=5266064.0

Learn money management under pressure:
https://bitcointalk.org/index.php?topic=5122226.msg50225995#msg50225995
2764  Alternate cryptocurrencies / Altcoin Discussion / Re: Guide Me About ERC-20 to BEP-2 Migration ! What’s the Difference between !! on: October 08, 2020, 08:20:27 AM
1- What’s the Difference between BEP-2 and ERC-20?
2- How BEP20 works
3- For High Gas Fees They doing this?
4- BEP-2 address also similar as ERC20 Address why?

1 and 2 - BEP-2 is binance chain. Blockchain launched by crypto exchange. It is less decentralized than ETH (ERC-20), thus is able to provide better bandwidth. ETH is POW BNB is DPOS and proof of authority - https://academy.binance.com/en/articles/proof-of-authority-explained

3- Fees on binance chain are negligible (from fraction of a cent to few cents). Fees are that low because of much lower traffic (compared to ETH) and technology that is more speed oriented rather than decentralization oriented.

4- Binnance aimed to do a chain that is compatible with ETH to use infrastructure that is being build for ETH for last 5 years (f.e. you can use metamask to hold/transfer binance chain coins). Everything you can do with ETH you can do with binance chain too because of that. IF you are developer you can move your project from ETH to Binance chain without extra coding.
2765  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Now Bounty Program totally worth less !! 90% Bounties are scam on: October 08, 2020, 06:43:48 AM
Its like that since 2018. It's good that you have mentiond KYC case. Sometimes I think that stealing KYC data is the only purpose of majority of bounties now. You know that you can earn from Bounty without even running ICO? 50$ - that's how much full KYC data is worth on darkent. If you will collect 1000 IDs from bounty hunters (blackmailing them with the lack of payment for the work already done) you just profit 50 000$.

https://bitcointalk.org/index.php?topic=5221497
https://bitcointalk.org/index.php?topic=5221497.msg54724251#msg54724251

The only bounties that I would take part in are weekly paid with coin already listed on exchange.
2766  Economy / Exchanges / Re: What is with Bitmex???? on: October 07, 2020, 11:06:53 AM
I don't think we can get rid of speculators. They come with the territory. You can't have a game changing form of money in limited supply and expect it to not be volatile. And with a volatile asset, you can't expect traders to stay away. It's all very natural and organic in my view.

I agree that Bitmex has contributed very little to the ecosystem. In fact, their once daily withdrawal scheme has consistently driven up network fees for a long time. Not to mention all the traders they have screwed over with their laggy, unresponsive platform. I left a long time ago.

I agree.

Each market participant is valuableh, no matter what his purpose is. Investor/trader/speculant/market maker/gambler.

There is no volume without traders/speculators. There is no liquidity without volume. Without liquidity there are no inwestors (10% slippage will scare out most of big investors)


I dare to say that without speculators asset would be much more volatile because of no liquidity. Bitmex was the biggest BTC/USD market for quite a while and i'm sure that, despite gamblers, there were also a lot of market makers that was using Bitmex liquidity to hedge their positions from other crypto exchanges.
2767  Economy / Gambling discussion / Re: Snipie's gambling investment test on: October 04, 2020, 09:40:33 AM
I must say that last few weeks on Yolodice are very quiet. Little to 0 changes for ETH, BTC and DOGE investors in last month. Chart says more than 1000 worlds so here they are:






It is also visible on your stats. Profit oscilates from 11.5% to 13% in last 5 weeks. This is caused by low gambling volume?
2768  Economy / Speculation / Re: Bitcoin, Stocks Fall as Trump Tests Positive for COVID-19 on: October 04, 2020, 09:06:11 AM
Zoom out sometimes:)




I don't see any dump here. I can say more. Chart look so damn strong and 10500$ hold even after 3 horrible newses. Mark my words. BTC is going to ATH in 6 months. Being bad news resistant is the best indicator of no weak hands on asset.
2769  Economy / Exchanges / Re: What is with Bitmex???? on: October 04, 2020, 08:44:02 AM
I am not a lawyer but I wonder how could one country legally seize a domain of a company which is governed by the separate laws of a different sovereign country?

We know that BitMex is legally registered under the laws of the Republic of Seychelles and is mainly operating from Hong Kong. We also know that the services of BitMex are not offered to the citizens of the United States. With all these information, is it legally valid that the USA filed civil and criminal cases against the entity and its top officers, respectively, for violations of the US Bank Secrecy Act, in particular their failure to gather personal identity information of their users as well as the information of their transactions? I mean, can a certain company registered in one county be sued under the laws of another country?

If there are Americans found to be trading on BitMex then they're the ones who should be charged under the laws of the USA. BitMex could be charged but only according to the laws of Seychelles under which it is governed.

Yea that's the most funny part to me too. Looks like US thinks that US law = international law. And US can go around the world and jail anyone they want. Jail CEO of company registred in Seychelles and operating from Hong Kong only because few of US citizens were using Bitmex on their own free will. Can you imagine this shit from other country - not US? A small village in Africa creates a law that it's citizens can't use facebook, few of them used facebook, so Mark Zuckerberg is going to jain. What a nonsense.

Money laundering? As someone mentioned before they were accepting BTC deposits and BTC withdrawals. So what money laundering we are talking about if BTC is not a currency according to US law (Bitcoin is generally not considered legal tender.). So basically speaking bitmex was only accepting deposits and withdrawals of collectables. I've never heard about law that prohibits collectables laundering.
2770  Economy / Exchanges / Re: KuCoin Has Found The Hackers Who Stole $281 Million on: October 03, 2020, 05:29:38 PM
I wouldn't trust the news coming from a hacked exchange 100%.

Every single crypto exchange was hacked or will be hacked in near future. Even binance/bitfinex was hacked.

https://www.bloomberg.com/news/articles/2019-05-08/crypto-exchange-giant-binance-reports-a-hack-of-7-000-bitcoin
https://www.coindesk.com/bitfinex-hack-bitcoin-moving

I always tread kucoin as second/third best crypto exchange. Even though volume was not representing it. Now they showed class. They limit losses from 280 mln to 80 mln at max, they were insured (so this 80 mln will most likely not even hit kucoin, they will only pay bigger fees in insurance company) and now we see that they will most likely catch hacker.

Pretty disappointed with the announcement. I guess we will just have to wait until the arrest has been made before they disclose more details. It would have been better if it was announced after the suspects were already arrested.


this is what surprises me the most. Most often, the police in such a situation forbid informing the public in order not to make it easier for the criminal (not to warn him that his days in freedom are numbered, so that he would not try to run away/hide).
2771  Alternate cryptocurrencies / Altcoin Discussion / Re: Your opinion on VeChain (VET) on: October 03, 2020, 04:47:49 PM
It is a legit project with massive potential but i have fear that it can stay under rated like waves etc for longtime because so many big names are surrounding it that is overshadowing this project but lets stay positive at this point and hopefully everything will turn out to be best.

I love how people from crypto community name something "under rated" only because it is "legit project". It is worth $770 M ! Is it generating at least $100 M in profit annually to have P/E ~8 (undervalued in comparison to nasdaq average - super overrated market with tech companies)? I doubt...

Take a look about my fundamental analysis of BNB -> that's how I check if something is undervalued.

@OP - I would not invest in it. It is not innovative(anymore), it is overvalued based on FA, Vechain use cases does not boost VET value well enought(f.e. BNB - 20% of profit goes to buybacks). So based on price/value risk/reward i would not put a single cent in VET. You can try to trade on it and catch swings. Thats it.
2772  Economy / Speculation / Re: Globb0 BTC charts on: October 03, 2020, 09:53:51 AM
What do you think about the CME gap in the $9K area ?

I think that tail is not steering the dog.

CME volume - 5800 cont = 29 000 BTC = $ 300M
https://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_globex.html

While volume on binance futures and bitmex futures only is equal to $2.3 bil. Total bitcoin volume according to coingecko - $ 19 bil

If anyhow CME gaps would steer bitcoin price than it will be the easiest and cheapest way to manipulate BTC price. I doubt, but I am also surprised how many people are repeating this. Maybe some whales are trying to manipulate BTC that way by creating such gaps and then pay shillers (youtubers etc.) to spread it out as much as it is possible and others are repeating?

I know that on traditional market it is the case but BTC is not regulated stock with high volume located on market that is not 24/7 open.
2773  Alternate cryptocurrencies / Altcoin Discussion / Re: CFTC Charges BitMEX on: October 03, 2020, 09:40:52 AM
Not really sure if they can't operate, but there's a huge dump in the last 24 hours, meaning traders are withdrawing because they are afraid about the future of BitMex. And if this happens, for sure it will be hard for them to operate, so it's either;

(1) temporarily halt their operation until this is over
(2) continue to operate but the risk for traders is going to be huge

The question is, which exchanges are the next target of CFTC?

It looks to me that none of those points make sense. Losing some customers is the case for bitmext but it does not affect other customers that decided to stay (despite lover volume that it is huge even now - top 3 even after incident). Trading will continue normally. US may want to attack but for good reason Bitmex is not even registered in US. To make things clear. I think that company registered in Seychelles providing services for whole world will not shout down only because US has problem that Bitmex did not ban US users that wanted to use their service. It will end up with few mln $ penalty at max.

BTW Can you imagine this shit from other country - not US? A small vilige in Africa creates a law that it's citizens can't use facebook, few of them used facebook, so Mark Zuckerberg is going to jain. What a nonsense.

2774  Alternate cryptocurrencies / Altcoin Discussion / Re: CFTC Charges BitMEX on: October 02, 2020, 06:07:12 PM
True, it's their cold wallet but people are massively withdrawing BTC from BitMex and it's just a matter of time when their hot wallet will run out of Bitcoin and they will have to transfer some from the cold wallet. Luckily I have never used that exchange, but if I did I would surely withdraw everything from there to Binance or my own wallet.

Fair point.

Binance might be at risk too:

Interesting thoughts from Cryptomedication:

"Binance and Bitfinex are Next

You have to be high to think that they aren't.

They're way more egregious than BitMex.

Also, they're part of Crypto Capital Co. the same way that BitMex was (remember, BitMex was the very first exchange that signed up with Crypto Capital Co.)"

But they seem to be more legit in terms of fallowing US law. They kicked US citizens a while ago and launched separate platform for them Binance.us
2775  Alternate cryptocurrencies / Altcoin Discussion / Re: CFTC Charges BitMEX on: October 02, 2020, 03:37:09 PM
They can say all they want, but the problem is that they have almost 200.000 BTC in 3/4 multisig wallet. That means if one more founder gets arrested, BitMex will lose access to those funds.

4 keys is not equal to 4 persons. They could have shared key location with wife/relatives. It is also only cold wallet that is not neccessary for bitmex to function. And even if this will be temporary.
2776  Alternate cryptocurrencies / Altcoin Discussion / Re: CFTC Charges BitMEX on: October 02, 2020, 09:20:05 AM
I just saw this, they are fully in operation regardless what happen. They announced that Funds are safe, the platform is still running.
https://cryptopotato.com/bitmex-in-response-to-cftc-we-will-continue-to-operate-normally-funds-are-safe/

Bitcoin price most of the time are manipulated by this futures exchange and Bitmex is among the top influence derivative exchange that was responsible for such activities, altcoins are not excluded as well.
Bitmex exchange has always been liquidating traders their fund, this happens most of the time when the market plunge and their website offline mode, they deserve to the queries by regulations body.

1-Investors manipulate BTC price not exchange.
2-Investors funds are liquidated because of their bad decisions not because of exchange
3-Almost all exchanges are lagging during massive bitcoin pumps/dump. Try to operate correctly with hundreds of orders coming every second and be prepared for this while normally there is 1000 times smaller load.
2777  Alternate cryptocurrencies / Altcoin Discussion / Re: CFTC Charges BitMEX on: October 02, 2020, 08:12:01 AM
100% agree with what @Febo said the only one who is going to get hurt are small scale investors, I say that because I really think the recent dump in BTC price is because of this news (my opinion). This news triggered a lot of SLs tonight lol

Yea a lot of rekt investors. Official Bitmex announcmet:

Quote
“We strongly disagree with the U.S. government’s heavy-handed decision to bring these charges, and intend to defend the allegations vigorously. From our early days as a start-up, we have always sought to comply with applicable U.S. laws, as those laws were understood at the time and based on available guidance.”

In the meantime, the BitMEX platform is operating entirely as normal and all funds are safe. To allay any potential customer concerns, pending withdrawal requests were processed at 17:45 UTC, in line with our standard procedures. We will process another off-cycle withdrawal at 08:00 UTC, 02 Oct 2020, and then 13:00 UTC, as usual.

Looks like its storm in a glass of water. SL triggered, weak hands shaked, we can go ATH now.

BTW. If i would have anything on bitmex i would withdraw anyway.
2778  Bitcoin / Bitcoin Discussion / Re: CFTC, Department of Justice file charges against BitMEX on: October 01, 2020, 05:49:56 PM
This is ultimate test of market strength. 16 month consolidation is finally over (8-12k without covid dump to 4k). If 10-10.5k will hold for the next week, it will test 12k at the end of the month and then ATH in next 6 months. If not, we will discuss further fate at 7,000. This is huge news and market reaction for this will be crucial. This will show if weak hands are holding BTC or strong.
2779  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO tokens amount on: September 30, 2020, 06:08:37 PM
You dont need ICO to apply blockchain technology into your product. ICO is for collecting founds not for applying blockain into working product. If you have a working product that generates 50 000$ annual profit than think about ICO as stock exchange debut (but without regulations). You are collecting extra founds for your company but in exchange of something - shares, product discounts, etc. But make sure to choose good timing for your ICO. ICO-mania is over. If you are not DEFI with paid shill you will not get any attention now unless you will target real investors not lambo guys. Give them raw data. Your profit, your book value, profit for investors (f.e buybacks like binance do) and then give your price for your project (number of tokens * price) and let them calculate if its worth for them to invest or not.

And most ICO failed because they were scams that was made to collect founds and run away. Not because of high ETH fees.
2780  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO tokens amount on: September 30, 2020, 04:19:42 PM
What is better hard cap token amount supply or our variant?

Basic investment data - how much for how big company share (%) (haven't you watch dragons den xd) You need to know if your 1000$ is 1% of project (developer is pricing his project for 100 000$) or 0.001%. Without that this is not investment. It is gambling. Even soft cap and had cap is something invented to cheat investors. It should be soft cap only.

Investor shoud do like that:

1- Learn about project.
2- read or estimate annual profit
3- get to kwno abot profit for investors (f.e dividend)
4- estimate the company's value
5- check how much is company worth (all tokens * price)
6- made decission based on risk/reward and price/worth

If you dont know how much tokens there are you are unable to do p.5. So you are gambling not investing.
Pages: « 1 ... 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] 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 ... 251 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!