In the first place, what is the reason for the OP to know the real price of Bitcoin? Because as we all know, you can't get exact of it since there are a lot of exchanges now or depends on people how much they are selling their Bitcoin.
Another thing is I am curious about some websites like coinmarketcap or coingecko, since these websites are one of the ways to check the price of any cryptocurrency, especially Bitcoin, are these websites used to get the average price of exchanges then the price they will display on their site is the average or what?
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I'm very glad that they are transparent and telling this in public which for me is very correct and must. Glad to see people on centralized platforms telling this, not being hypocritical, and being greedy even they lose customers.
This is also another thing that most of the people in crypto will know especially before signing up or doing deposits on their centralized exchange accounts.
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With so many scam tokens you can imagine how much investor funds have been lost. And the average token/coin scam happened in 2016-2017, and those were the worst years in crypto history for scam projects and scams with various modes. (....)
Yeah, this is one of the many reasons why governments are really strict with cryptocurrencies, especially in some countries. Another thing is this is the most downside on a decentralized space, anyone can do such anonymously and without getting caught. So for me, I believe that basic education for those "investors" are must, people must have basic knowledge how to identify fishy/scam projects that are related with cryptocurrencies.
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This is why Bitcoin block halving is one of the most important events on Bitcoin for me. It's really proven since the first block halving, the chart is the example. It shows that there's not always UP for Bitcoin.
Another thing is I am curious if this will be the same in the future? Like after more block halvings because we all know block halvings are approximately every 4 years, so we are not sure the price in the future it could be higher than now or below with significant huge change OR another thing is the volume (could significant increase very huge or vice versa).
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"How to detect scam token on Binance Smart Chain"
If it's on Binance Smart Chain, it's a scam.
Agree! Binance Smart Chain is a red flag for me, once I saw altcoins that are built on Binance Smart Chain (BSC), the red flag was already for me. But I believe there is a lot of good projects there also, like some projects started to that chain and later on, they will migrate on other chains. I believe that most of projects right now on Binance Smart Chain (BSC) are just want people's money, most of them are not legit.
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Pay $200.00 in gas for a $1.00 ETH twit tip.
Who thinks up this nonsense?
Hahahaha. This is also on my end, currently, Ethereum is not the best chain to use when you want to use it as for tip. So basically, this tipping feature on Twitter with Ethereum will not become more usable for the whales or people who can afford these high transaction fees. Or other people could tip someone with a high amount, they can use Ethereum.
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As time goes by, most centralized exchanges are starting to require their customers to undergo KYC. I am curious why some people don't want to undergo KYC since in the first place they know that they signed up for a centralized exchange? Another thing is, there are already a lot of decentralized exchanges (DEX) now that offer almost the same as centralized exchange especially like the futures market.
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That's one option, but a total dogshit index that's for sure. Imagine holding LTC, BCH, and XLM. True, it's probably the reason they are not so popular. FTX has a number of them, but most have $0 trading volume in the last 24 hours ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Perhaps this signals that the idea of trading Crypto Index funds is not worth pursuing at the moment due to low liquidity. Imagine purchasing them and then failing to sell of because the buy orders are not there or are so low. I'm aware of the FTX, what do you mean are those pairs under their "Leveraged Tokens"? I also saw some indeces like on their futures market, like DEFI-PERP/SHIT-PERP/ALT-PERP. Yeah, it seems this suits my question about indices that are related to cryptocurrency or just like S&P 500 index.
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Thanks, everyone for the answers. I am more looking for a tool that is ready to use like I will just input numbers or particular altcoin. Any idea on how you would use it? Would it be like a baseline towards what you could make a support/resistance on a specific timeframe? Or probably correlating it with data that could've caused a drastic change and made the significant market turn around or something like that?
Would it be something similar to that?
I will just use this to identify my profits on a staking/P2E platform which I am able to earn their utility token. I want to know the price for a given time so I can compute if I already earning profits after my starting capital funds. Sad to know that most of these are via API and could need some codes to be able to achieve it. I was looking for some ready-to-use tool like I will just input some numbers.
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I want to ask if is there any way platform where I can get the average price of a particular cryptocurrency or pair for a given time?
Let's say, for example, I want to check the average price of Bitcoin from January 1, 2022 - February 1, 2022? And I will get the average price of that timeframe.
Thanks!
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I am curious if is there any Index Fund cryptocurrency version?
For example, the S&P 500 (Standard and Poor's 500) is composed of 500 large U.S. companies, an index.
I want to ask if there is any like S&P or any indices fund on cryptocurrency where you can trade or hold? I believe this could be on a centralized exchange or tokenized assets or in decentralized platforms/exchanges or smart contracts?
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He made billion dollar from arbitrage trading on 2017-2018, nowadays many people already know arbitrage trading... but it's really hard to find exchanges which offer lowest and highest price due to a lot improvement and normal price. Now each exchanges only has <1% prices difference excluding trading fees and withdrawal, I don't think arbitrage trading still worth now.
Exactly, compared back to the days that arbitrage trading are profitable. I am also curious about arbitrage trading before, it's like easy money though especially like how Sam Bankman Fried explain it in one of the interviews to him by Nas, explaining how they make millions by just arbitrage trading, do they don't have any losses here? Or is any downsides or negative effects for doing it?
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Exchanges are not the only place to put BTC, a ton of BTC is circulated on gambling sites and I bet some use nothing else but that process back and forth to cashing out or vice versa. We probably have to count the overall trend not just exchanges but its some indication towards momentum and growth.
This is one of the indicators of most people, high inflows to exchanges = dumps, high outflows = pump. I don't believe at all for this, not a reliable indicator, you are right, not only on exchanges especially now there are already a lot of decentralized exchanges in which most altcoins are participating there especially Ethereum.
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Do you have any pattern that you see or watch in the market to determine time to sell your hodlings and take your profit ?
Do you regret not selling your coins at any point because you didn't know it will drop ?
Can you share your opinion
For me, at the beginning of when I started to invest or trade for a particular cryptocurrency, I have a plan or price target when will I start to sell, portions or most of them. Another thing is a change of mind or invalidations, let's say if you are using the chart to speculate then you used some patterns and turn to the opposite. Or if you are just holding, for me, selling sometimes when I want to switch to another project, or I already in lost, like using stop loss or my price target is already reached.
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I come to find out i have to reevaluate my game and seriously need a beginner crypto trading course. Does anybody know a good course for beginners? I would really appreciate your input.
Are you looking for paid courses? Which I really don't recommend it. You are right that there lot of available online. Here's some advice I can about trading courses, you should be consistent once you started learning. Focus and dedication. Here's a channel on Telegram where most of the content is about trading cryptocurrency, this is by @EmperorBTC ( https://t.me/EmperorbtcTA) Famous and very helpful trader on Twitter crypto.
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Is it just luck that I made most of my money from shitcoins and meme coins? (.....)
Pure talent ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) . I know a lot of people especially on my social media/ internet friends that share their gains by just investing in random shitcoins or meme coins. I really admire them, they are being risk-taker and for sure they or you are also doing such research. Because if you start playing with shitcoins or meme coins, you can't guaranteed or the risk is very high.
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I don't think that Bitcoin will be affected by any kind of war. Bitcoin already started a long time ago and people are normally using it. As Bitcoin's main use is for payment, which you can transfer a fund anywhere, anytime. But if ever there could be a problem with some money remittance to the affected countries of the war, some people could start use Bitcoin.
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Does anyone know how to monitor new and emerging cryptocurrencies? (....)
This is very difficult to spot the good ones as a lot of new projects about cryptocurrencies are scams or just to scam other people's money. Some of them are already experts in that field. But Twitter or Reddit may help you, mk4 is right, following such investment firms or venture capitalists may help you but not guaranteed. Just be careful, some of VCs are just making money on the retails where sometimes they already dumping while you are entering.
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what is your opinion about all this We all know that there is an attempt to destroy the future of crypto in India
It's impossible to destroy the future of cryptocurrency. Most cryptocurrencies are decentralized, no one owns them or can control them. I think you are talking about their regulations about cryptocurrencies which are already very common in other countries, just like China.
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Ftsc5frB.png&t=664&c=kEzoHKD18F506w) With the breakout on above of $40,000 this month, I became bullish for midterm on Bitcoin. Look how Bitcoin broke the trendline on a monthly timeframe. And what I noticed also is *not so perfect support when Bitcoin dumped around $31, xxx - $32, xxx last month, and the $30,000 seems to become strong horizontal support here since last year.
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