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2841  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.
2842  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?
2843  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
2844  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.
2845  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.
2846  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.


2847  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.
2848  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.
2849  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?
2850  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.
2851  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.
2852  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?
2853  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.
2854  Economy / Gambling discussion / Re: Are you a gambler? on: July 06, 2021, 10:21:28 AM
You can never hide the fact that people here discuss because of their signature campaign requirements, but it's additional towards having great discussions for sure. You would know if the person is posting for posts and those who give effort towards what they are offering or posting here. Sometimes, you would notice the people who post even though they are not on the topic directly.

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.
2855  Alternate cryptocurrencies / Altcoin Discussion / Re: $WHACKD - RIP John McAfee on: July 06, 2021, 02:30:29 AM
Has there been any movement of his crypto assets since his passing?
There was a movement with $WHACKD upon his passing. A lot of people who posted after me have said so. But the OP is kind of shilling it too lol.



I got some $WHACKD tokens from the McAfee airdrop back in 2019 and it wasn't worth anything at the time. That's why I didn't bother to sell and held unto the tokens until just a few days ago that someone brought to my attention that the value of Whackd tokens have gone up in price after the death of McAfee. He wasn't my best go-to-guy in crypto till he died but I'm glad I have benefitted from him. Huge thanks to everyone constantly pumping WHACKD.
Congratulations on getting free money! That's always welcome with everyone for sure. As to him not being the best "go-to-guy" is kind of weird TBH. He has different views which are helpful to have an open mind. Do you mean by "go-to-guy" to ask for financial advice?
2856  Alternate cryptocurrencies / Altcoin Discussion / Re: $WHACKD - RIP John McAfee on: July 05, 2021, 04:57:46 PM
RIP John McAfee

Anyway, I never heard or read about this coin until now. I never knew that this existed but it's interesting in a way. When I watched the interview as to why he has created his token, I realized he is just making a coin that is happening in reality—all the skimming of the top part of every transaction and making it a deflationary token. Just common questions come to mind.
  • Why would you even transact it then?
  • How would it perceive value?

It's fun to think about someone famous that he is still alive and he has created the "masterplan" with regards to solving all his problems. Disappearing. Maybe if he is still alive, he can share his crypto stash with me? (It doesn't make any sense, but it's because we share the same first name).

Interesting read, though.
2857  Bitcoin / Bitcoin Discussion / Re: Bitcoin brings us true freedom of thought on: July 05, 2021, 03:14:46 PM
It just showed that everything that had happened before BTC could be manipulated, especially when bubbles were popping up and no transparency between transactions depending on the financial asset that is being hyped. What I like the most about BTC is that its transparency and no transactions to hide. That simple idea makes it even more valuable that we all need trust in the trustless system.

What I think about this "freedom of thought" you are talking about is what Bitcoin has enabled us to do, and it sprung so many projects that help us, humans, to propel even further. That's the best thing.
2858  Other / Beginners & Help / Re: Cryptocurrency will always be threat to government on: July 05, 2021, 01:25:27 PM
A better thought process on this is that it is a threat because they cannot control it. They couldn't control the supply or even manipulate the data in the publicized legder. I don't think they would be willing to show their every transaction because they might get questioned for it or something. I think it could be a great idea for those supporters from the government to sign a message and acknowledge their wallet addresses and show that they support it and check their every transaction etc.
2859  Economy / Speculation / Re: Analysis of the causes of bitcoin's fall that is minimized on: July 05, 2021, 09:45:06 AM
The majority of people are trying to make themselves richer with the help of cryptocurrencies. I think we all know that we will be in some way get the inevitable, we have to be ready. I mean, no one knows what could happen in the following months, but it's best to be prepared and believe that what you are doing can reap more benefits than you could have.
2860  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Your thoughts for half year on: July 05, 2021, 08:52:03 AM
People's decisions being asked here are pretty biased, knowing that you are requesting many people who are members of the best forum out there, bitcointalk. And we all want to have crypto and let it increase in price.

Realistically speaking, I'm pretty concerned with what happened to the world recently, with all the pandemics and stuff. There's a significant increase in the money supply because there are needs to be met and loans defaulting because of the hard life we experience. The fact that the price increased so much just coming from a severe event is quite problematic, IMO.

I'm not sure, but I want to believe that it will increase in price, but we won't know unless it happens again.
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