One way to get some closer local information on El Salvador is through some of their local press. I’ve been browsing one of such local media, which lacking and English version, can be browsed through Google translate rather decently (for those not fluent in Spanish): https://translate.google.com/translate?sl=es&tl=en&u=https://www.elsalvador.com/Reading though a couple of articles there, it seems to have a fair share un the population that is still in the dark on how to manage bitcoin in their business and day to day. The Industrial Association is having a rough time getting to accept bitcoin, since a significant part of this industry deals in international trades, where bitcoins are currently not employed on the other end. Not an easy process of adaption … I guess the biggest task is trying to educate the masses on what bitcoin is, security and how to avoid scams and also some ideas about the bitcoin market and economics. This is possible if a lot of funds are injected into education and different types of adverts on media. I have seen very local populations in remote areas get attached to and even believe in scam Ponzi schemes like Onecoin because of their aggressive advertising techniques and massive conferences  I know bitcoin does not need to be advertised or marketed but for the sake of keeping a majority of the population well-informed, I think it's a necessary evil. |
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my deposit was successful and I started trading there but after 3 days my balance suddenly disappeared, I checked history and no transactions came out, this is very strange right!
Did you try checking the trading history as well? And your account activity records (Active Sessions and Your recent activity)? Under settings >> security There is still a possibility that someone logged into your account but didn't withdraw your money directly, but instead traded it off. |
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Just an update. I was looking for purse.io alternatives and ended up on this page. It turns out origindeals.com was just an experimental service and was shutdown a few months later according to the announcement banner displaying on the site  |
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ETH and BTC can be traded with high leverage, these coins won't move that much so margin adjustment can be easily done to recover during the impulse phases and still stay in profit area with your position
I don't know how long you have been trading derivatives using leverage, but I have done so with very high leverage and low leverage. Trying a high leverage with no stop loss? Your margin won't stand a chance. Who told you ETH and BTC don't move much. Below is a 5 minute chart of ETH today. If you shorted or longed using 50x at for example $3234, your margin would get liquidated at $3266 and $3202 respectively  |
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It makes me wonder why people keep signing up and playing maybe it's the kind of marketing 1XBIT is having they have an ongoing signature campaign, they have a review campaign, that has a huge campaign on many platforms people think they are legit, until newbies find out that they are scam and they will know that when they are scammed, this 1XBIT scamming scheme must be stopped.
If they are active in their campaign, we should also always be active in spreading that 1xbit is a scam site, we can still save newbies.
We can't save everyone. With the so many warnings online, you would think all people would search them up and read but unfortunately, there are a few who are negligent, so they just sign up and deposit. Yes, they have so many ads on different sites, but I don't think anyone sharp enough would just fall for them without carrying out any due diligence. |
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I highly believe it's a scam. Like @examplens pointed out. The domain is only 57 days old yet on their site they show as though they have been in operation since 2018  Do not send money to any strange platform so that they can multiply it for you. Almost all such platforms are operated by scammers. |
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So, can you share your experience? When do you open but more important, when do you close the position? I close whenever I realize my target profit or when my stop loss target reaches. For closing position you're using TP, SL or just Market order?
Take profit for target profit. I use limit orders for this. Stop loss order in case the trend goes against my position. I use market order for this You also need to consider trading fees for maker and taker orders. Some exchanges charge a lot for maker orders while other offer rebates. |
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I am not understanding how the two accounts are connected so that they can be considered as accounts under the control of one person trying to cheat on the bounty. Can you please help shade more light on the connection between the accounts?
One of the participants POA seems to have been rejected by the manager too.
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I've simply created a new account, it has a new address and private key, but is under the same mnemonic phrase. They have the private key, but not the mnemonic phrase. Can that be extracted somehow? Am I currently safe?
I don't know how I dun goofed so badly. I'll definitely get into details when this is all over.
How sure are you that they just have only your private Key and not the mnemonic phrase? If I were you, I would just create a new account with a new mnemonic phrase and move all my assets there. Do you have any idea how your account got compromised? You might wanna check your device for any malicious apps too. |
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Margin adjustment is a very good way to add some extra margin and save your position from being liquidated, we know of potential risks but the risks are much less compared to a high leverage trade even with a stop loss as when wicks take place, they eat out almost all the stops before they start to stabilize and that's when this marginal adjustment can prove to be the best decision taken by a trader.
Why would you use very high leverage in the first place, knowing how risky or volatile crypto price movements can be? The risk is even higher when you have no stop loss in place. Even a position of 2x can still easily get liquidated if there's a price trend in a specified direction. |
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Did you create a fresh account with a new mnemonic phrase, or you are using the same account but just a fresh address with the old mnemonic phrase?
If it's the latter, then your assets might not be safe in case the person has the mnemonic phrase. It means that all the addresses you will create under the account are compromised.
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How could you have missed the clear warnings on the deposit page? Not trying to support Huobi's act of not crediting the missing coins into your account, but if you had taken time to read the information, maybe it would have been available. You should partly blame yourself for not paying attention to the warning.  |
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Even during the times when ICOs/IEOs/STOs were so popular during the crypto boom in 2017-2018, there were a lot of scam ERC20 tokens created on Ethereum Network, so seeing that many scam projects on BSC network is a surprise or something new. Avoid the shitcoin, and you will be safe from such scam.
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Sorry but I could not understand from your provided information how they are impersonating. But according to the screenshot they are scammer yet I am confused why they are scammer and how they are scamming they have different design, different logo and so on.
Don't let the theme color fool you. They just removed the dark theme and kept theirs white. The rest of the information is copy and paste from the original site. I also checked out the official team who also confirmed to me that they are scammers as shown in the screenshot below in the OP. |
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Take care of that website, because if you win some money, they will took all your winnings.
I put 2 high stake games on some not too high odds, win 2 games, and did some lose of some game high stake.
They made all my 2 bets different games as VOID, REFUND, and they are regular bets in live bets. What took you so long to know that they are scammers. There are literary so many complaints about them online. A simple google search would have shown you red flag. To them, losing bet are all valid, Huge winning bets are void. That fake company, that scammers, how can they be regular on internet, how they are still not banned from internet? They are biggest scam on internet betting website, without licence. I don't know how i deposited money there, i am so stupid. But lets people see how they scamming and faking.
It's people like you keeping them in business by funding them with your bets. |
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I think you are missing a lot of things;
1. Your risk management seem to be very poor. Do you use any stop loss orders for your open position?
2. What is your risk reward ratio?
3. What is your take profit strategy?
4. You also must make sure your win rate is at least above 50%
Without those, even if you bring your leverage down to 1x, you will still lose all your equity with time.
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Man, that's a sad story.
I have a question (forgive me, I have no experience in bounty management). Can't those guys first get the tokens into a trusted escrow before the bounty campaign begins, since they mint them from a thin air anyway?
That way there will be no stupid bending of rules by the scammers like they did.
Tagging and supporting the flag.
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I recently watched news where Toyota plans to cut their car production due to the chip crisis Chip shortage: Toyota to cut global production by 40% - BBCThe effect is starting to take a bite on automobile companies too, and the Intel chief warned of two-year chip shortage. Mr Gelsinger predicts the shortage will get worse in the "second half of this year" and it will be "a year or two" before supplies return to normal.
The disruption, caused by huge demand for devices, the pandemic, and poor relations between the US and China, has created "a very large gulf", he says. Now, since the manufacturers of mining gears also use the same semiconductors, what do you think about the future of mining through a possible bear market with graphic card prices that might still remain high due to production shortages? |
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