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3101  Economy / Trading Discussion / Re: Using stop loss vs. margin adjustment on: August 28, 2021, 10:57:19 PM
Stop loss is a much better approach. Trading requires a lot of discipline and if you are to stick to your trading strategy, you have a chance of making some decent profits. By adjusting your margin, how far will you keep going in case the market trend keeps going against your open position?

Adjusting your margin might end up making much bigger loses than expected.
3102  Bitcoin / Bitcoin Discussion / Re: El Salvador rolls out 200 Bitcoin ATMs in a bid to speed-up nationwide adoption on: August 28, 2021, 10:33:03 PM
Great news  Smiley Just a small concern with the the ‘State backed crypto wallet’ - but I suppose they have to do this to increase mass adoption.
Compromise on privacy for mass adoption it not exactly what we really want. But that is the state of the situation here as some are celebrating these sort of adoption but i want everyone to enjoy the privacy  Bitcoin offers and i doubt El Salvador is running a master program along with other countries to learn how to control people in this market .
The thing is that Masses will in most case believe what Government says to them, and this can be good for mass adoption, but it comes at a price. Privacy when using crypto is now becoming thinner and thinner with so many exchanges enforcing KYC. Those that don't require KYC like Bisq don't have the liquidity and are not user-friendly for beginners.

If you want to enjoy privacy or anonymity, you have to avoid using exchanges, which is close to impossible. At one point you may want to exchange your crypto for fiat or vice versa.
3103  Economy / Trading Discussion / Re: Do you want to quit trading ? on: August 27, 2021, 08:02:56 PM
Not yet for me, maybe i will think about quitting when I have made a kill  Grin

People end up getting depressed because;
1. They think trading is a way to get rich quickly (well sometimes it is but not always)
2. They invest money they can't afford to lose
3. They don't have a proper risk management strategy.
3104  Economy / Exchanges / Re: LIVECOIN HACKED on: August 26, 2021, 11:06:41 PM
Anyone received any refund from Livecoin?
On their site livecoin.news they say they have succesfully returned the assets. However, I have not received anything from them despite applying for veryfication.
They dont answer any emails either...
Any info?

Thanks
I wouldn't have any high hope about recovering anything from Livecoin. It looks like the finally pulled off their exit scam whilst lying to people that they were making refunds using sock puppet accounts that were used in their official thread. So not only did they go with your money, but they also went with your sensitive documents.

Livecoin no longer have any reputation they care about at this point.
3105  Other / Beginners & Help / Re: [Warning] Fake Realmadrid fan token sale website... on: August 24, 2021, 11:46:31 PM
Not surprised about this, especially given the fact that fan token have been on trend lately, especially after news broke out the Messi move was going to be partly paid using crypto fan tokens

I saw this new post sponsored post on Facebook, but the post was no longer sponsored before I took the screenshot. Facebook should verify these ads before approving them.
They don't really care about scams, just like Google doesn't care about verifying phishing sites and just goes ahead to display the sponsored links. At times, even when you report that the site is a scam. They rarely bring it down.
3106  Economy / Scam Accusations / Re: Australians lost over $25 million to bogus crypto investments: Report on: August 24, 2021, 11:33:03 PM
These are the kind of scams that give Bitcoin and cryptocurrencies a bad publicity and the next time you try to talk to a victim or someone who knows one of the Victims about Bitcoin, the first thing they will say is that it's scam  Sad

It's so sad the people easily get lure into the get rich quick Ponzi and pyramid schemes, leaving out the much genuine option of just buying your Bitcoins and HODLing. Celebrities and "influencers" who endorse scams should be jailed.
3107  Economy / Scam Accusations / Re: scammed by freebitco.in on: August 24, 2021, 11:22:45 PM
Maybe they withheld the 0.001 BTC because they believe you cheated their referral system. All the answers to your complaint seem to be in the other thread.

68 connected account can't just be something that is made up. Maybe what you can demand to them to list for you the account that cheated and perhaps the activity but you and the freebitco.in team know better what's going on.
3108  Economy / Trading Discussion / Re: Daily Investment Compound Calculator - Newbies Attention! on: August 24, 2021, 10:48:17 PM
Even with the daily investment compound, one won't be able to make that much as projected by the calculator with trading. Along the way, a trader is bound to make a loss. You can't make wins 356 times straight out. It's unrealistic  Wink

But you are somewhat right, compounding is an awesome strategy so long as you are very patient, keep your win rate high and have a good Risk reward ratio.
3109  Economy / Trading Discussion / Re: Future vs Spot Trading on: August 24, 2021, 10:28:19 PM
Futures is a gamble.

That's why I've never stepped on it, I'll choose the usual gamble where I've got better chance than it. But there are traders that I've seen who really are good with it.

And for you, I'll suggest to stick with spot first.
If futures is a gamble, the spot trading is a gamble too. The only difference is one is more risky than the other



OP look at it this way
1. Spot trading - Less risky but less rewarding too
2.  Futures trading - More risky and more rewarding if win right.

The question is are you willing to lose more money or even liquidate your account in case things don't work out in your favor? Because you must always look at the risk more than the reward.
3110  Bitcoin / Bitcoin Discussion / El Salvador rolls out 200 Bitcoin ATMs in a bid to speed-up nationwide adoption on: August 24, 2021, 03:10:25 PM
El Salvador's President Nayib Bukele confirmed in a tweet that the nation will be roll out about 200 ATMs and prepare 50 bank branches across the nation to allow residents to exchange crypto for fiat easily.


Image credit

Some few facts

Quote
  • With El Salvador’s Bitcoin adoption bill coming into effect on Sept. 7, Bukele said those not interested in using BTC would be able to exchange the BTC they receive for cash at any of those locations. He also reiterated that the U.S. dollar will continue to be in circulation.
  • El Salvador has also created Chivo, its own state-backed crypto wallet that would be compatible with the new ATMs and would be interoperable with any existing crypto wallet
  • “What if someone doesn’t want to use Bitcoin?” Bukele said. “Don’t download [Chivo] and continue living your normal life. Nobody is going to take your dollars […] Someone can always queue up at Western Union and pay a commission.”


Bukele, also said that adopting Bitcoin will save Salvadorans $400 million per year in fees for receiving remittances from abroad


What do you guys think about such a move by El Salvador?

Personally, I have mixed emotions when it comes to the part of a state-backed crypto wallet but a side from that, I think in general, it's a good thing for the citizens and Bitcoin adoption alike. This is a little a break from the news of other different nations banning trading and mining of cryptocurrencies and discouraging citizens from using them.



1. https://www.ndtv.com/business/el-salvador-to-install-200-bitcoin-atms-as-part-of-the-governments-plan-to-make-the-token-legal-tender-2517158
2. https://forkast.news/headlines/el-salvador-bitcoin-atms-nationwide/
3111  Economy / Exchanges / Re: My account was blocked how can I log into coinbase without a phone number on: August 24, 2021, 02:04:47 PM
The phone number is basically for the SMS factor verification or verification code. I don't think it' possible to create an account minus a phone number. Please make sure you use a personal valid  number while creating a coinbase account because at one time when you want to log in, they will send you a verification SMS to confirm before logging in.

I have a coinbase account that I have never been able to log into to this date because I lost my SIM card

Do not buy a coinbase account.
3112  Other / Meta / Re: Why a pic of the Kabah in Makkah with a rainbow above doesn't display? on: August 23, 2021, 11:47:50 PM
I can clearly see the image on my Opera and Firefox browser, but I totally see nothing on my chrome... Lol

Maybe that's what OP was experiencing, though I am not sure what the problem could be. Both my Firefox and chrome have similar add-ons

This is what I see in chrome



But it's not forum censorship OP. it might just be a browser related problem.
3113  Alternate cryptocurrencies / Mining (Altcoins) / Re: BTC made it to 50k and ETH pumps but mining reward sucks on: August 23, 2021, 11:19:07 PM
Two factors in play here;

1. The Ethereum network mining difficulty is almost back up at its all-time high;



2. The gas cost is now low as compared to first half of the year which means, a side from the block rewards the miners won't get as much from the ether paid in transaction fees as it was when the gas fees skyrocked earlier on

3114  Economy / Trading Discussion / Re: Is BaseFEX derivatives exchange still active and working for everyone? on: August 23, 2021, 10:42:02 PM
The exchange had a lot of red flags as discovered by some members in the forum with a couple of scam accusations

I think the no-KYC part is a trick to just attract traders, but they will actually ask for KYC whenever they feel like

Check out this part of their terms and conditions and tell me they are really a no KYC exchange.

Quote
1.4: By registering as a Member you represent and warrant:

a) that you have accepted the Terms; and
b) that you are at least 18 years of age and have the capacity to accept the Terms;
c) that you are the legal owner of the funds you add to your account with BaseFEX and that the same funds derive from a legitimate source;
d) that using BaseFEX services does not constitute a breach of your home jurisdictions’ laws;
e) that you are aware of the risks in using the services provided by BaseFEX. These risks include the high volatility risk of Bitcoin itself, and the fact that you may lose all of the funds in your trading account if the market moves against you;
f) that you will not be involved in or initiate any form of market manipulation, including spoofing orders or otherwise;
g) that the information or documents you provide as part of any ID verification process are correct, genuine and up-to-date;
h) that you agree to indemnify and hold BaseFEX harmless against libelous, defamatory, or obscene material you submit anywhere on the internet;
i) that any Bitcoin withdrawal address you provide is your own and that you have full control over this address;
i) that if you are located in or a resident of the United States of America or Québec (Canada), you understand and acknowledge that you are prohibited from holding positions or entering into contracts at BaseFEX. If you are located in or a resident of China, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea, and Sudan, or any other jurisdiction where the services offered by BaseFEX are restricted, you also understand and acknowledge that you are prohibited from holding positions or entering into contracts at BaseFEX. You understand and acknowledge that if it is determined that any BaseFEX trading participant has given false representations as to their location or place of residence, BaseFEX reserves the right to close any of their accounts immediately and to liquidate any open positions.
3115  Economy / Scam Accusations / [SCAM ALERT] bobcatpreorders.com is a Scam site. Real site is bobcatminer.com on: August 22, 2021, 11:49:42 PM
What happened: bobcatpreorders.com is a site used by scammers to impersonate bobcatminer.com and also defraud people who might think it's the original website. The mining equipment they claim to sell are a complete rip off from the bobcatminer.com original site

Scammers Profile Link: N/A

Scammer's Website link: bobcatpreorders.com
Archived: https://archive.ph/TUFd4

Home page of Scam website:



The Joke



Even the official team confirmed them as scammers



Domain information:
Scam website
Code:
Domain:bobcatpreorders.com
Registrar:GoDaddy.com, LLC
Registered On:2021-06-04
Expires On:2022-06-04
Updated On:2021-06-30

Genuine Website

Code:
Domain:bobcatminer.com
Registrar:NameCheap, Inc.
Registered On:2021-01-24
Expires On:2022-01-24
Updated On:2021-02-23

Fake email address: -- customer@bobcatpreorders.com

Genuine Email addresses: -- Customer@bobcatminer.com,
3116  Economy / Scam Accusations / Re: a very, very very big cryptoconis scam on: August 22, 2021, 11:27:16 PM
I haven't joined any of these sites, but are all these sites from the same scammers? I must say that the scammers are very dedicated to their work as scammers, I had seen it all, but this is the first time I see a scammers with so many sites. how does he manage to manage all these sites? does he have any time in the real world? anyway you did a good job

Believe me, this is not the first time I am seeing so many clone sites with the same templates being in operation at once and I personally believe most of them are owned by one or a group of same scammers.

Since purchasing domains is something cheap (look at the domain names, they are only cheap ones) a scammer can set of dozens of site. Besides, once in a while they will eventually scam someone. It's lucrative business for them.
3117  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Looking for a trusted group for signals/events on: August 22, 2021, 10:57:36 PM
Hello,

I'm looking for a trustworthy group where we can share signals and roadmap events such as listings, developments and partnerships.
There's nothing like a trustworthy signal group.

You are going to end up either with Pump and dump signal groups or VIP subscription signal group scammers
However, there are various sites that keep track of event, listings and partnerships some of which have already been listed

1. https://coinmarketcap.com/events/
2. https://www.coinevents.co
3118  Other / Meta / Re: Help me with my account - banned! on: August 21, 2021, 11:51:55 PM
Your last deleted posts show that you were dealing in AWS account sales, which is strongly not allowed here. I doubt  if you have any chance of being unbanned, especially if your account was nuked.

My suggestion? Just move on to other forums and avoid selling banned or illegal services.
3119  Other / Meta / Re: Help me with my account - banned! on: August 21, 2021, 11:20:47 PM
A ban usually means you went against the forum rule. The rules are there for a reason, and it’s your duty to read them before you make posts in the forum. Permanent bans are usually irreversible. That being said, you haven't even linked the profile that was banned. Can you please name the profile? Members could help determine why you were banned.
3120  Economy / Reputation / Re: Is this a punishable offence? on: August 21, 2021, 11:11:18 PM
Ops we all joined the campaign after our due diligence and come with terms of the risk involved in promoting a company that many views as a scam past accusations, but I will advise you to wait and hope that the 1xbit team continues with its consistent efforts in resolving the issues, that is the only way the red trust will get reviewed and reversed.
So, you are also aware that what you are promoting is scam as of now? What makes you think that the DT members will reverse the feedback they left on your profile?
Just enjoy your scam money instead of coming here to make the whole situation look normal.

If you still have hope that 1xbit will resolve all the unresolved scam accusations, then you are putting your hope on a wrong company.
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