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2841  Alternate cryptocurrencies / Altcoin Discussion / Re: TIPS how to manage from losing when investing new projects. on: March 17, 2022, 12:40:44 PM
All cryptocurrencies are trying to market themselves because their price is now low and will rise in the future.

Therefore, many marketing tricks can be encountered, such as:

  • Large numbers of coins distributed: you will get a million coins if you log in, getting a large number of coins does not mean that you will earn more.
  • Coin burning: Coin burning can increase its value, but it means that the developer team has the ability to control the price.
  • Offers on unknown platforms: Most of the scam coins make distributions on unknown platforms.
  • Pump and dump coins

All the tips you mentioned revolve in one way or another to the points mentioned above.
2842  Other / Meta / Re: Save your nice merit records here - LAST UPDATE: 06/11/2021 on: March 17, 2022, 12:31:59 PM
I got about 666 merits, I hope to update quickly to 777 and so on.
was planning to remove some posts to make it 1200 post but it will be useless after i joined to signature campaign.
with update it later with edit pic
2843  Other / Archival / Bid-Ask Spread and Slippage on: March 16, 2022, 02:49:41 PM
Table of contents

      1. What is Bid-ask spread?
      2. How bid-ask spread work?
      3. The importance of liquidity in platforms
      4. Depth charts and Bid-ask spread percentage
      5. When does slippage occur?

One of the mistakes that beginners make is paying attention to price when they want to trade but there are other important factors to consider which are trading volume, market liquidity and order types.



What is Bid-ask spread?
is the difference between the lowest asking price for an asset and the highest bid price. Liquid assets like Bitcoin have less spread than assets with lower liquidity and trading volume
If there is not enough liquidity to complete your order or the market is volatile and therefore the trade may settle at a different average price than what was initially required and then what is known as slippage occurs.

The problem is clearly visible with low-liquidity assets, so trying to break your order into smaller parts will give better results.



How bid-ask spread work?

There is constant negotiation between buyers and sellers that leads to a spread between the two sides so that there is the highest and lowest price in the order book.
If you want to make an instant purchase at the market price, you need to accept the lowest asking price from the seller. If you want to make an instant sale, you will get the highest bid price from the buyer.


The importance of liquidity in platforms

If you try to trade in low-liquidity markets, you may find yourself waiting for hours or even days for another trader to match your order.


Depth charts and Bid-ask spread percentage

The [Depth] option shows a graphical representation of an asset's order book. You can see the quantity and price of bids in green, along with the quantity and price of asks in red. The gap between these two areas is the bid-ask spread

The calculation is simple:

Code:
(Ask Price - Bid Price)/Ask Price x 100 = BidAsk Spread Percentage





When does slippage occur?

It occurs in markets with high volatility or low liquidity. When a market order is created, the exchange automatically matches the purchase or sale to limit orders in the order book. The order book will match you to the best price, but you will start climbing higher in the order chain if there is insufficient volume for the price you want. This process causes the market to fill your order at different, unexpected prices.

But not all slippages mean a loss. Positive slippage can occur if the price goes down while you place a buy order or increases if you place a sell order. Although it is uncommon, positive slippage may occur in some highly volatile markets.


Minimizing negative slippage:

  • break your order down into smaller blocks
  • If you're using a decentralized exchange, don't forget to factor in transaction fees
  • Use limit orders



Sources
Code:
https://academy.binance.com/en/articles/bid-ask-spread-and-slippage-explained
https://learn.bybit.com/trading/what-is-bid-ask-spread-and-slippage/
https://www.investopedia.com/terms/s/slippage.asp
https://medium.com/@silverstonksteam/bid-ask-spread-and-slippage-explained-4ac0e5f445b4
https://www.cryptohopper.com/blog/4538-a-deep-dive-into-bid-ask-spread-and-slippage
2844  Other / Beginners & Help / Re: passphrase instead of password on: March 16, 2022, 02:42:27 PM
Determining the difficulty or complexity of passwords is related to the data that you want to hide away from hacking.

Your data can be hacked without the need to know the password because it is stored in central servers, and whoever has access to those servers will be able to recover the password easily.

The password problem is:

  • You cannot generate multiple random and unique passwords without the need for third party applications.
  • You need to copy and paste the passwords which makes the hacker focus on targeting the clipboard.
  • Remembering passwords is more difficult and therefore you will need third-party applications.

Other than the above, a 10-character password is generally sufficient, especially if the server is preventing a brute attack and two-factor authentication is used.
2845  Economy / Economics / Re: US warns India over oil deal with Russia on: March 16, 2022, 02:10:39 PM
A complete oil embargo cannot be imposed unless all countries comply with that embargo.
During the sanctions imposed on the Iranian regime, that country sold oil to some countries, and Russia's capabilities are much greater than Iran's.

It's gaining opportunities, Russia can sell oil at less than the world price and still be profitable, and the same for India, Russia is closer to them than Saudi Arabia and they can get them at a discount.

The problem lies in dealing in dollars, and this can be bypassed by using the barter system or by keeping mutual reserves between the two countries without the need to impose financial penalties on them because they did not use the dollar in those operations.
2846  Bitcoin / Hardware wallets / Re: Can HW manufacturers get user info through their apps? on: March 16, 2022, 01:50:41 PM
If you are looking for privacy, you have a few cryptocurrencies that pass the decentralization test, which is considered an entrance to privacy.
If your crypto is central, privacy does not mean anything.


Assuming we have only two decentralized crypto which is Bitcoin and Monero.

Online Bitcoin analytics services collect more information about you than hardware services.


Hardware:

Hardware wallets can get the information if you provide it to them when buying.
you can hide your identity by shipping to another location, paying using mixed currencies or with cash.

You can build these devices yourself if you have some experience.

Softwate:

Software is almost the same as desktop wallets and then you will need to manage your full node, Tor, a trusted VPN, stop using anything related to JavaScript, and only connect to the Internet when necessary.

Privacy is valuable, and you need to be careful to enjoy as much of it as possible.
2847  Economy / Exchanges / Re: Binance worth more than sum of European banks? on: March 16, 2022, 01:31:29 PM
How is net wealth measured? If we are talking about the value of Bitcoin and altcoins, it is inaccurate, as most of them are for speculation.
therefore it will lose its value by 20% if the platform thinks of selling it at once, and the value of Bitcoin is volatile and you will not be able to take a correct average.

Let's assume that Binance' net reserves are half the market capitalization of all cryptocurrencies which is an optimistic model which represents:

  • The market cap of all cryptocurrencies: 1,778,320,412,710 and half of it is $800 billion. Source: https://coinmarketcap.com/
  • The closest we can imagine is the total assets of the European Central Bank 569.3 billion euros. Source: (ECB)
  • Comparing the value of assets thus gives wrong results.
  • Binance is the largest market for most altcoins and therefore their prices are not real.
2848  Other / Beginners & Help / Re: Always look out for a good entry point on: March 16, 2022, 12:48:02 PM
Waiting for the price to be low is like trying to catch the train quickly, you must determine the point of entry well or it will be the end.

The question is how will that values ​​be determined? Is it ATH value reached by the price?
ATH during the last year, ATH value within 6 months or what?


The buy position is a good strategy, but to create a successful one, you need a lot:

  • Determine the ideal platform with the lowest withdrawal price: Withdrawal fees will affect, especially if you intend to buy every period of time.
  • Determine the right wallet: Keeping coins in exchanges is risky
  • Determine the buying strategy with taxes: Bitcoin is subject to taxes, you should take this into account.
  • Determine support and resistance points: You may buy Bitcoin quickly and cheaply, but the price remains unchanged for several months.
  • Determine the percentage of purchase: Always keep a little cash because things may change for the worse side.

Therefore, determining the appropriate strategy is much more important than the purchase price.
2849  Economy / Economics / Is it time to own bitcoin? on: March 16, 2022, 12:24:31 PM
Disclaimer: I own some bitcoin and this is not investment advice.

Source: https://omid-malekan.medium.com/it-is-time-to-own-bitcoin-909b683dff51

information provided below is a summary of that article and may be slightly different from the author's point of view. Please refer to the source.



Sure, the crisis in Ukraine made things worse, but consumer prices in the US and around the world were already rising before the invasion. This inflation, like most inflation, is primarily a monetary phenomenon, and those who blame it for problems such as supply chain disruptions are only telling half the story. Case in point: 2021, the year that ended 40 years of high inflation, also saw record global trade, with 13% more goods delivered via global supply chains than before the pandemic.



Bitcoin is attractive at this time because it is the first currency in history whose supply is controlled by a decentralized protocol, and thus, its core inflation has been fixed. This is a stark contrast to all the other coins out there, where central bankers in day trading are printing money with less deliberation than a group of friends who decide to have dinner.


Bitcoin's inflation hedge isn't just about the direction of interest rate movement, it's about the race between rising prices and (exacerbating) inflation. For example, if the Fed raises short-term interest rates from 0 to 2%, but inflation peaks at 10%, then dollar savers are still losing significant purchasing power. So the question we have to ask is whether central banks around the world have the resources to raise interest rates enough to tame inflation, especially now that it has been rising faster because of the war.



Resisting Bitcoin Censorship and Apolitical Structure in a Time of Fragmented Global Monetary System. The economic response to Russia's vicious invasion of Ukraine - regardless of its merit - represents a fundamental change in how countries interact with one another. It calls into question the dollar's standing as a reserve currency, a trend that began slowly unfolding decades ago but is now accelerating. The unprecedented freezing of Russia's foreign exchange reserves is something that will stop every other country that has large dollar reserves but pursues policies opposite to American ideals, such as Saudi Arabia and China.


What they need is something neutral like gold that can be converted as easily as dollars but without having to rely on a politicized banking system. Now there is a blockchain for that.

Bitcoin's apolitical structure and resistance to censorship, whereby no one can block access to anyone, makes it a potential candidate. I say potential because there are many unknowns about how to use it as a reserve currency and international trade



After several years, we can see a situation where many central banks hold a small portion of their BTC reserves, partly to benefit from its rise against inflationary currencies like the dollar and the euro, and mostly so that they can make payments regardless of the geopolitical situation. If this fact materializes, we will see countries, good and bad, adopt bitcoin - as is the case with the dollar today.



Owning Bitcoin is not only a sound investment strategy but also a way to perpetuate something positive: funds designed to benefit the user, not the source.




The author of the article presented the arguments represented by the inflation crisis, the freezing of funds and assets, the decentralization of Bitcoin and the need of many countries for Bitcoin as part of their reserves.

If countries put less than 1% of that money into Bitcoin, we could see global adoption.
2850  Bitcoin / Hardware wallets / Re: Trying to have more knowledge about hardware wallet on: March 12, 2022, 12:27:11 PM
The idea of ​​the hardware wallet is that the private keys are generated without an Internet connection and will not connect to the Internet, so the addresses are signed there without fear of losing money, and it provides an easy and friendly interface for the user who does not know how to do it himself.

  • The fact that the wallet is open source gives it additional value, but none of the hardware wallets has been hacked without physical access and therefore you can consider yourself safe.
  • Hardware wallets are good for those who want to use Bitcoin once or twice a year and want to keep several cryptocurrencies.
  • Using hardware wallets does not mean that you are safe. If you download wrong or unknown software, your money may be stolen.
  • Learning the basics will enable you to get higher security and pay lower fees.

2851  Local / Konu Dışı / Re: Facebook'un Nefret Söylemlerine Geçici Olarak İzin Vermesi on: March 11, 2022, 02:55:17 PM
Tüm merkezi platformların kendi kuralları vardır. Bu kurallar isteğe bağlı olarak değiştirilebilir veya kötüye kullanılabilir. Bu değerlerin ahlakı yoktur. Davranış, o andaki duruma göre iyi veya kötü olarak sınıflandırılabilir.

Bu nedenle, bir alana yönlendirilen tüm içerik, tutkuları alevlendirmek, çatışmaları kışkırtmak veya insanları yüceltmek için manipüle edilebilir.
2852  Local / العربية (Arabic) / Re: وضعية المستخدمين الروس في ظل موجة المقاطع on: March 11, 2022, 02:49:02 PM
ما يحدث لروسيا اليوم هو اختبار حقيقي لكل الانظمة الت تدعي انها لامركزية لذلك فهي اخبار جيدة للغاية لنا لنعرف كيف هل المنصات الامركزية حقا لامركزية.
انصح الجميع بمتابعه الاخبار بحرص وتجنب اي منصة تدعي الامركزية, المساواة او العدالة والتي اخذت موقف وقفا للموقف السياسي الحالي ضد روسيا.
تقريبا نحن جميعا ضد الحرب ولكن الانسانية لا تتجزأ

اتمني ان يقوم شخص ما بعمل قائمة بالخدمات التي وقفت ضد/مع اوكرانيا وكان الموقف ضد المبدأ كمثلا منصة  لامركزية او ملتزمة بالحياد.

اخر من سقط في هذا الاختبار هو محرك البحث

يمكنكم قرأة التفاصيل هنا.

https://duckduckgo.com/?q=duckduckgo+russian+results&t=h_&ia=web
2853  Economy / Speculation / Re: What do you think the effects of soaring prices and fiat depreciation is on BTC? on: March 11, 2022, 01:42:41 PM
I tend to read these factors in reverse, which is that the price of bitcoin mining will rise according to the previous factors, which means that the average bitcoin mining will rise and therefore if any correction occurs, it will not last for a long time below that level.


I will use the data here that represents the mining value a year ago

BTC price is ~ $56,000    -   Price now is ~ $40,000.
Hashrate is ~ 167 EH/s   -   Hashrate is  ~ 191 EH/s

we consider both 5.5˘ and 3.5˘ per kWh costs which mean electricity is 20% more expensive than in January 2021 and price will keep increase by XX% every couple of months.

Production Cost of 1 BTC per ASIC model

using                                         base 24h cost @ 5.5˘/kWh               base 24h cost @ 3.5˘/kWh
Antminer S19 Pro, 110T                $5,778                                          $3,677
Antminer S17 Pro, 53T                  $7,726                                          $4,917
.
.
.
Averages                                      $11,459                                        $7,292

The lifetime cost of an ASIC miner to mine one bitcoin is on average $15,000-$19,000 USD

Source: https://minerdaily.com/2021/how-much-does-it-cost-to-mine-a-bitcoin-update-may-2021/

By calculating inflation, high prices, oil price, and other variables, we can say the lifetime cost of an ASIC miner to mine one bitcoin is on average $25,000-$30,000 USD

Thus, we can predict that if the demand increases, it is difficult to see levels below 30k, and then the price will rebound quickly.

Based on it, the average stability may be at 40k to 60k, and the peaks are higher than 70k.
2854  Economy / Trading Discussion / [GUIDE] Trading journal on: March 11, 2022, 11:48:42 AM
Table of contents

      1. What is a trading journal?
      2. Why do I need a trading journal?
      3. How to create a trading journal?
      4. Top 3 Crypto Trading Journals to improve your trades



What is a trading journal?

Developing an ideal strategy may transform the value of your investments from loss to profit, knowing how to manage emotions, developing an effective strategy, when you decide to buy and sell, and not being greedy are all things that you should consider before you start trading and here lies the importance of the trading journal.

Trading journal consists of a document in which you record everything you do while trading, strategy, risk science, management, psychology and all the steps you follow while trading.

Traders use a trading journal to reflect upon previous trades so that they may evaluate themselves.



Why do I need a trading journal?

Proper planning for all your trades and learning from previous mistakes is what turns your balance from zero dollars to a lot of money.
The trading journal is important for the following reasons:

  • Responsibility: Seeing all the data without emotion contributes to a more disciplined and consistent trader.
  • Trading strategy evaluation: where you explore your strengths and weaknesses, analyze the data abstractly and review the strategies.
  • Increased caution: Greed, fear and feelings are always factors that reduce your profits and therefore the trading journal is important in this.
  • Accountable: trading journal could keep you accountable.
  • The journal can help you choose your best trading strategy.


How to create a trading journal?

It is simple and does not require a lot of technical knowledge, you need to create a spreadsheet for a trading journal (eg Google Sheets and Microsoft Excel) and a written document (eg Google Docs and Microsoft Word). You will use it to record your precise trades and thoughts.

You can look at the following form

Now you need to add the following information:

  • Profit/Loss (P&L)
  • Trading fee
  • exit price
  • stop loss
  • Screenshots
  • Time frame
  • Theoretical value
  • Entry price
  • trend (long/short)
  • Code
  • Exit date
  • entry date
  • Profit/Loss Ratio (P&L%)
  • Notes



you can try this free one https://coinpub.org/spreadsheets/trading-journals-log-trading-diary/


Top 3 Crypto Trading Journals to improve your trades

1. Coin Market Manager (CMM)

Coin Market Manager is primarily a portfolio manager. But it doubles up as a crypto trading journal that offers interesting and useful features, which make it stand out among all the other platforms listed herein.



2. TraderSync

Although TraderSync markets itself as the ultimate stock trading journal, it still enables you to record and track cryptocurrency trades. You can add a trade either manually or by importing a .csv file.



3.Trading Journal Spreadsheet (TJS)

Trading Journal Spreadsheet (TJS) uses MS Excel. It is a spreadsheet with pre-built formulas and pre-defined column headings that describe what entries the column should have.

This crypto trading journal is available at a one-time fee that ranges between $119.99 and $179.99, depending on the number of markets you intend to journal using TJS. 




Sources

Code:
https://www.mycryptopedia.com/top-crypto-trading-journals/
https://academy.binance.com/en/articles/what-is-a-trading-journal-and-how-to-use-one
https://www.dailyfx.com/education/find-your-trading-style/trading-journals.html

2855  Alternate cryptocurrencies / Altcoin Discussion / Re: Happy to start my crypto journey but I need a wallet on: March 10, 2022, 02:22:50 PM
There is no good open source wallet that support too many coins (multi-coins) so you should download several open source wallets:




If you have little money, buy a hardware wallet.



From your list that represents {Among huobi wallet, trust wallet and Atomic wallet } I prefer trust wallet


For privacy: Bitcoin Core or running your own Electrum server
He said the best wallet for beginners, BitcoinCore wallet is not designed for beginners especially if you do not have any technical experience or fast and stable internet then it is not a suitable choice for beginners.
2856  Economy / Economics / Re: Gas/Energy on: March 10, 2022, 01:38:22 PM
You forgot the other part, which is the price, and is the offer of these services sufficient to cover the entire demand?

  • People are grumpy if prices rise by a percentage, let alone switch to other environmentally friendly alternatives, which will cost them a lot.
  • This is if we ignore the political cost as demonstrations, protests and riots can arrive before governments adopt sustainable solutions.

It is complicated, and it is political and economic, but the environment comes last, so governments will burn coal because it is the cheapest and fastest until they find sustainable solutions.

Do not forget that it requires other investments in exploring other resources, and securing them with lines instead of transporting them across the sea.
2857  Economy / Economics / Re: Ukrainians Embrace Bitcoin For Daily Purchases: Report on: March 10, 2022, 01:08:42 PM
These reports are not accurate, but are measured based on media reports.

  • There are no accurate metrics to know the number of Ukrainians who have used Bitcoin to overcome the current problems.
  • The number of Ukrainian users who used Kraken and are still in Ukraine before 9 March, so the donation of that money may not be large.

The war is still in its infancy, and we do not know how it will end.
2858  Economy / Economics / Re: Dubai unveil new crypto law on: March 10, 2022, 12:53:29 PM
I have always thought that this legal framework includes only free zones and the Dubai World Trade Center.

  • It is related to entrepreneurs, platforms and services related to Blockchain and cryptocurrencies and not a legal status of Bitcoin as happened in El Salvador.
  • UAE is slowing down on cryptocurrency, I don't know why but if they want to get things moving quickly they can create legal damages in a short period of time.

Dubai is an important financial center, and if Bitcoin is adopted or bought as an asset, it may bring about real changes.
2859  Economy / Trading Discussion / Re: Using crypto to trade crude oil or broker necessary on: March 10, 2022, 12:38:38 PM
What you are looking for is called tokenization where the price of token is linked to an asset and therefore the price moves according to that assest.

  • USDT is example for a crypto that have the same value of assest (USD)
  • Binance tried it before, but soon abandoned the idea due to legal issues.

You will not find a legal platform that provides this and most of those who talk about it are doing it illegally.
You will need to withdraw your money and invest normally in the oil and forex market.
2860  Bitcoin / Hardware wallets / Re: how to do a security check for ledger nano s on: March 10, 2022, 11:56:25 AM
Why not keep that wallet as a souvenir and buy a new hardware wallet that suits you?

  • I mean, you're trying to save the money you want to HODLING it for a long time, which is definitely going to be more than $200.
  • Try to compare all the details mentioned above, and if you find any problem or any modification it is better to stop using it
  • I still think it is not worth the risk.

Buy from the official website and check all the details.
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