I am considering purchasing some BTC using one of the following sites:
a) Bisq (BitSquare)
b) Hodl Hodl
c) LocalCoinSwap
d) LocalBitcoins
If you buy Bitcoin only to invest in Bitcoin. You can sell it on the same marketplaces you use to buy it. If you want to trade your Bitcoin, you will have to send it to centralized exchanges that have better trading volume. If you do it, you must read their rules on Mixing, mixer, tumblers or Coin Join transactions. If their rules have points for mixers, tumblers, Coin Join transactions, you must be careful and don't take risk. If you want to deposit, do with part of your Bitcoin amount. Is this something which should be of concern?  You can check your transaction hash with - https://blockchair.com/bitcoin- https://blockstream.info/If your bought transaction is a Coin Join one, these block explorers will show details. Reminder. Use block explorers to check your txhash will break your privacy. |
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Sent BUSD to the wallet ETH, although bsc network is not provided, it was an erroneous translation
How to get your funds back? Is it possible to request a seed phrase or a key from a wallet associated with an account on coinlist?
Not only on Coinlist. Generally, when you make your deposit to an inaccurate address or inaccurate chain, you lose your coins. Exchanges emphasize it in FAQs, or page for Deposits & Withdrawals. They even will give you reminder when you get your receiving address or try to submit your withdrawal. Coinlist's FAQsYou can open a support ticket and wait for Coinlist's responses but don't hope high. See their article Sending Funds to an Incorrect Address or ChainPlease do not send funds in to CoinList via any other chain that is not supported, such as BEP20 or TRC20. If you do this you risk losing your funds.
Can my funds be recovered if I send tokens from an unsupported network?
We are unable to perform a recovery of funds sent via the incorrect network.
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Whales have big capital in BTC and in fiat or stable coins. They create big sell or buy walls to control the market. They draw a chart for you to see how it looks perfect in wave, pattern, fractal. All are their traps but you can not smart and experienced enough to verify what they do are real and what are faked, traps.
If you love Bitcoin, believe in Bitcoin and want to be a millionaire, buy as much Bitcoin as you can and hodl. Let's whales do their plans then you will see your job is very easy.
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It has to be said. Its common sense. There are thousands of coins. Scamcoin, losercoin, Shiba coin. All real coins btw.
Most died.
Not all cryptocurrencies are listed on coinmarketcap, even so there are 5391 cryptocurrencies on that website. Pages from 44 to 54 are dead projects with less than $1,000 trading volume in 24 hours or 0 volume. It supports the fact you posted. Most of altcoins, useless tokens as meme tokens will be dead. $SHIBA and other dog meme tokens will have similar endings. If you consider $SHIBA as a leader of meme token, it can survive but other meme tokens will die. Coingecko shows 37 meme tokens in that category: https://www.coingecko.com/vi/categories/meme-tokenLet's save the link and watch when most of those meme tokens will die with no trading volume. |
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The developer is very active in developing and marketing BitGesell this is one of the things I like about this project, I'm still holding my BGL hoping something is going to happen before the end of this year, I recommend that developers launch an AMA or contact a marketplace and do a collaboration or strike a deal.
Bitgesell is a mineable coin and the initiative from @EmmaWu can help this project. If it get accepted by Whattomine, and is listed on the renowned website for crypto miners, this project will catch more attention from miners. Consequently, the total hashrate on Bitgesell network will increase, then makes it healthier. Mineable coins need miners and a big mining community will be a beginning of something good. As of posting time, the coin has a good recovery at $0.032 |
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1) Does that mean that even if bitcoin was to completely replace gold as a store of value, the realistic market cap would only be $5 trillion at the current time?
Realistic marketcap is the weird definition I've ever heard of. Bitcoin has a public ledger and public whitepaper. You can know what is circulating supply and total supply of Bitcoin. With temporary price of Bitcoin and circulating supply, you can get temp marketcap of Bitcoin. If you don't want to calculate, check it on Coingecko. You don't know the lost bitcoin so can not get actual circulating supply. You can not get lost or actual marketcap, and you only have marketcap. 2) The above assumes that central banks would not hold any bitcoin. Is there any rationale for central banks holding bitcoin?
Bitcoin is for everyone on the planet. Banks can have Bitcoin, they have rights to buy and hodl Bitcoin. If they hodl Bitcoin, the game will have big participants and manipulations will be more serious. Bitcoin is a speculative asset. |
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Is it possible that in future doge coin Devs will finally add a utility to the project?
It has utility for transactions. Dogecoin is used very popularly on exchanges, casinos and merchants. Dogecoin has one of biggest communities in cryptocurrency. What do you need more? Dogecoin Pay application. I don't want to install too many applications on my phone or computer. If Dogecoin Pay application will be released, I will not use it. In terms of chances, it's possible but in reality, why should they? Dogecoin is performing well in the market during the past months (because of the shill and hype) despite being a considered a meme coin with no utility.
Therefore, why still put on moreworks just to bring Dogecoin to another level. Elon can just shill it if he wants to create a wave again.
Dogecoin will remain as it is. Just play with it when Elon makes another round of shilling.
Make a swap and bring Dogecoin to DeFi. I know people love DeFi and Elon knows it. He will shill Dogecoin again and without any technical developments for Dogecoin transactions. |
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What advice would you give someone just finding Bitcoin.
Begin with basics. Bitcoin inflation chartRecommended walletsChoose a non custodial wallet to store their bitcoin. If they trade on exchange, use Spot trading. Future and Margin trading with leverages will put them in the verge of liquidation. They will be liquidated and lost their bitcoin. |
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When miners have to leave China, they will lose their best place with cheapest electricity resources (assume they have cheapest source in China), they will find other nations with higher cost. Not all nations in the globe have dictatorship like China or North Korea.
We can not predict what will happen with mining in the future or what regulation governments will do.
With one mining company, has farms in different nations is not bad. For the network, it is not bad. If one nation crack down the bitcoin mining, the company will have farms in other nations, the network will not lose all hashrate from that company.
If one big mining company moves to a new nation, there will be new mining company in that nation, it is not bad.
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Not only PayPal, after FUD in many aspects, now PayPal and Apple gave us good news. Apple Is Looking for Crypto Experience in ‘Alternative Payments’ Job Post. The market need time to digest previous FUD and forget about FUD. Good news in this time can not help Bitcoin rises too much but good news are good news. Personally, those news don't make me surprised because it is what have to happen. This month, this year or years later, it has to happen. |
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Bitcoin and Ethereum will be the best for your investment from the bottom two weeks ago. Bitcoin will lead the crypto market again. Ethereum will lead the altcoin market again, in particular the token market.
You can get more profit with smaller altcoins but in altcoin, Ethereum is the safest choice for you.
In the crypto market, Bitcoin is the safest.
I agree with DOT but disagree with MATIC and ADA. The two latter coins are not safe with temp prices. They rose too much from bottom and have yet had enough corrections.
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Short-sighted approach, mines moving to other countries doesn't mean decentralization.
It simply means there is one less country in which you can mine, rinse and repeat this 10 times and you will end with all the hashrate in just one country.
It can be a beginning of something. From China, miners can spread to 10 nations. It does not bring more decentralization for hashrate if one company has 10 mining farms in 10 nations but it can be a good change. At least for that particular company, it will not have to depend on policies in one nation. One nation can not crack down mining activities of that company. It can be a noise for 10 nations and more new mining companies can be created in those 10 nations. Decentralization can not change in one day. |
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Okay so after that bloody hell market last week and now we’re on a slight recovery phase, the bad news doesn’t stop related to China’s crackdown on crypto mining. just recently, Inner Mongolia has banned Bitcoin mining. It will force these miners to go offshore. This was published just an hour ago as of this time in replying to this post. Source: https://www.scmp.com/tech/policy/article/3134909/china-bitcoin-inner-mongolia-reinforces-beijings-ban-mining-strictIn my opinion, I don’t think this would impact much of BTC’s price and we might remain under consolidation phase in which we are gonna trade sideways for a while. What is your assessment on this one guys? In short term, it will create drop of hashrate and with same difficulty, waiting transactions on the network will have to wait longer for first confirmation. Transaction fees will be higher but it is not the end of the world or the Bitcoin network. Each 2016 blocks or nearly 14 days, Bitcoin difficulty will be re-targeted. In long term, the things happen in Inner Mongolia is good for Bitcoin network. Mining farms will be more decentralized and I will be happy if miners move to other nations. |
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China is a communist dictatorship that wants to control everything and everyone not only in their shitty country but also in the world. What is there to talk more about China? The virus covid-19 also came from China. I am not telling that the whole country is evil though. Germany used to be like that too till their leader got killed and they gathered their shit together afterwards.
Under the dictatorship, the government think they are God. Obviously, they can react like God in China, do whatever they want to control the Chinese. Recent years, they try to expand to global, international scale and it sucks. They lie, flip with their press conferences and their reputation become worse. The pandemic, the deadly virus firstly originated from China, Wuhan but they pass the origin to many other nations. It sucks again. I agree that there are good people anywhere but the Chinese government are not. My post is about them, not about Chinese generally. Ban Bitcoin mining, ban crypto trading, hey it is fud from Chinese government. |
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100x leverage is a best way to suicide in crypto market. With 100x leverage, they will suicide many times in 24 hours. 1x leverage is safest but in crypto market, liquidations can call you anytime. Moreover, when you are in trading, with leverages, you will not control your emotion, and from 1x, you can go up to 10x, 20x at which you will be liquidated. The margin calls with Bitcoin crash help to liquidate gamblers. It is a positive liquidation call to help the market moves up stronger. Gamblers burn their money with Long and Short liquidations |
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Do you think Bitcoin crash is an opportunity to enter the market?
Always is but in different market, bullish or bearish, you will have to exit shortly or hold for long term. If it is a bearish market, buy dips and take profit when price bounces about 10% is good enough. If it is a bullish market, buy dips and take profit around the latest peak or retest of temporary all time high. It is always good opportunity to enter and only different on how long you let your buy position opens and how much you want to take profit. |
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The news was mostly at first Elon saying he didn't sell BTC a few days back, it stopped that crazy dump. And in the last 24 hours it was mostly Elon saying that he and Saylor got in contact with most of the North American miners to talk about mining btc with clean energy. This is pretty positive and I am pretty sure most of the miner farms will want to mine with clean energy to get good publicity.
Elon Musk loses his power with tweets and the market can be more healthy for a while. In future, new influencers, billionaires will join and get similar power as Elon Musk has in past recent months. The recover of Bitcoin and market are from 50% sell off from Bitcoin and bloodbath on the market. Elon Musk does not contribute to the rally. In rest of 2021, I think that market will move with support from other news, new big institutional investments, new big adoption from big corporations, and more. When the market and investors feel boring with Elon Musk and people will no longer idolize him, Bitcoin market will move with the real bull cycle. Its not good that BTC mining is bad for the environment so I am pretty sure its in the best interest of the miners to be able to mine at higher prices than lower. Basically their pay was pretty much cut in half in USD terms when it was trading at $60K compared to $30K a few days ago. So they want to make everyone happy. SO we will see what will come out of this.
There are worst things than Bitcoin mining so please stop the fud on Bitcoin mining, energy, environment. Bitcoin mining does not bad actually because the main energy it uses is from renewable resources. |
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My portfolio lost 10%.
If you did not use stop loss orders for your account, you are lucky because you did not cut loss or did not panic sell in the crash. If you do it, you would lose more than 10%. Congratulations for being a lucky holder because of your illness in a few days. I of course will you luck with your health. PS whats "Phase E" or a phase for that matter? I hear that on tradingview lingo.
Whales draw charts for us and when we believe the chart will move with this way, whales will distort the chart the another way. If all of us believe the market will move next with Phase E, down more, whales will move Bitcoin up. |
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What are the precursors to the end of the Bitcoin bull market? What are the signs of Bitcoin's collapse (smashing, bubble bursting)?
It is a small bear market in the big bull market. Bitcoin is in its bull market for this cycle. Take dips and enjoy cheap price of Bitcoin whenever you can. Have you ever glanced at the chart of Amazon stock? It has serious corrections and it is Amazon corporation, not Bitcoin. I don't compare Bitcoin or Amazon is better but if you think Bitcoin is in a bubble, a speculative asset, and too much volatile, please look at Amazon. It has many serious dips and not less terrible than Bitcoin. Amazon stock keeps up its climb and new all time highs are recorded. If you believe in Bitcoin, hodl and wait for new all time highs. Hodl with spot trading and do not greed with leverages. |
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