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321  Alternate cryptocurrencies / Altcoin Discussion / Re: Stay away from crypto influencers on: October 03, 2023, 08:58:56 PM
90% of those YouTubers are doing this for the money but...

1. Not all of them are getting paid, there is one that talks only about IEO launchpad projects, get into the launchpad and sell once trading starts, this way easy 2x is possible.

2. Any project that promised 2x or more can't be trusted, they probably have nothing good to offer and all they can do is use words like this to lure new crypto investors.

Lol, yeah. I have been a victim when I was newly introduced to crypto. What I do now is look into those coins that will be listed on good exchanges like Binance and Bitget. Research them before buying any. Because those exchanges don't list anyhow coins
322  Other / Off-topic / Re: Woman searching for $120,000 that disappeared from bank account on: October 03, 2023, 08:34:18 PM
so the story reveals:
A. she recently had new living location/address(sold old house)
B. the bank showed she violated terms, saying they will close account
C. daughter admits after the 60th day period of account closure the funds were sent to owner

well standard practice of banks is to send a cheque to the billing address on account records
so im guessing she didnt update her records and so they sent a cheque to her SOLD house. meaning the buyer got the cheque

she never got her money back.


Now, Lomax and both banks involved reportedly don’t know what happened to the money.


if she got her money back then why can't she buy a home?


“I’d like my money back,” she said. “I’d like to buy a home so I can live my last 20-30 years comfortably.”



Quote
B. the bank showed she violated terms, saying they will close account
i'm surprised you would be taking the side of the bank. i doubt she did anything wrong. that's why i said she might want to store her money in bitcoin instead of a bank account that some pencil pusher can just delete her with the click of a mouse.  Shocked but she would need to get serious. if she's gonna be using bitcoin. no more forgetting your password and requesting a reset...

Quote
C. daughter admits after the 60th day period of account closure the funds were sent to owner
just to be clear, that's not what she admitted to. you have to read closely.




This is what I actually read and honestly, banks getting entitled not to give her money with no stipulated reason to back it up.

That's why exchanges can never be bank. They can only freeze your account if they find something fishy so far I know
323  Economy / Trading Discussion / Re: Spot trading or future trading which trading is best for beginers? on: October 01, 2023, 07:50:47 PM
I advise you to begin with spot trading if you are new to trading cryptocurrencies. Most newbies I believe started from spot trading, just like me, a few years ago.

You can then think about transitioning to futures trading once you have a better understanding of the market and how it functions. Master first or familiarize how trading works then you can start doing futures trading with very little leverage.


Yes. This is it. Spot trading is always the best move for newbies. No fear of getting liquidated and will have enough time to know what's happening in the market. Some even leverage some elite traders' trading skills mostly when they go online or just imitate them from copy trading as most exchanges are now showing off every trader's trading history for everyone to see
324  Bitcoin / Bitcoin Discussion / Re: Bitcoin Earnings on: October 01, 2023, 07:34:05 PM
I am a newbie in bitcoin I want to learn a lot about bitcoin I want to do marketing and trading with bitcoin if any of you are expert or if someone is more skilled please give me some suggestion so that I can do something good and my future is good.
If you are asking users here to teach you how to trade, then you shouldn't trade and trading may not be for you right now. Like you said; you're a newbie in BTC, and trading isn't for newbies, it is very complicated and you can lose all your money very fast. Now what do you mean by "i want to do marketing with BTC", i don't know what that means but what you need now is to learn about BTC as a cesnsorship resistant and permissonless currency, and not as an investment, at least for now.

For me, that's not the best way to tell a newbie not to start. Were you not once a newbie like OP? Is like op asking "Hey show me where I could start in learning how to trade. And you be like, Nah.. Trading ain't for you bruh!"

Common, there are books and even some exchanges that teach new traders an easy step into crypto. At least OP can start by understanding spot trading before thinking of futures. Again, how to DCA. Some easy steps before thinking of getting advanced
325  Bitcoin / Bitcoin Discussion / Re: Crypto exchanges have to learn and improve on their security on: October 01, 2023, 07:14:31 PM
I know people who are still dubious about the cryptocurrency sector because they worry about losing their money to scams or security breaches, which has been a typical occurrence in this market.
Since the majority of users appear to have welcomed the requirement for required KYC, I believe the focus should now be on enhancing exchange security.

I am aware that KYC may reduce fraudulent activity, however dealing with hacking and security exploitation issues will need investing in the strengthening of security. Adoption could happen quickly with sufficient protection because safety will be assured.

The latest Houbi attack, which resulted in the theft of roughly $8 million worth of Ethereum, and a few other security exploitations of a similar nature on other trading platforms in the past don't bode well for the sector, which calls for the prioritizing of security. https://cointelegraph.com/news/huobi-global-crypto-exchange-hacked-report

Even though there are still very few trading platforms that have never experienced security exploitation, the recent incident with Houbi should serve as a reminder for everyone to remainattentive and prioritize their security.

Any exchange that doesn't take security seriously, I don't know what they're in for anymore. At least all exchanges should have a protection fund and reserve ratio of about 201%
326  Economy / Trading Discussion / Re: Which Analysis do you believe on: September 28, 2023, 06:37:31 PM
Some of the answers are quite fascinating, but here's my perspective on this. What truly moves the cryptocurrency market is fundamentals. Why? Because fundamentals are the determining factors for whether Bitcoin's price will rise or fall. Many traders eagerly anticipate events like the halving and ETF (Exchange-Traded Fund) proposals. If these events have a positive impact, we'll witness it in our trades, and that's when technical analysis comes into play. It's the moment we closely monitor candlestick patterns for signals on when to enter long or short positions. In essence, there isn't a strict mathematical rule that drives the market without sentiment playing a role.
You are right, but the cryptocurrency market is comprised of two things coin and tokens and then in coin, there comes BTC, which covers half of the crypto market. And the price of BTC changes with the change in demand and supply. Because it is a community-driven coin and follows the market sentiments. There is no centralized authority behind it that's why it works on market sentiments.

We have to do Fundamental analysis if we want to trade in BTC but if we want to trade in alts then Technical analysis is also necessary. But that's not how we get to decide whether to do TA or FA on this coin or not.

Because we do TA to analyze the current chart we compare the old data of charts with the current one, and try to find similar patterns and on behalf of those patterns we get to decide whether we should take entry or not. We enhance our confidence by seeing the volume, demand, supply, and different things, and try to use different tools and indicators to analyze the current market's pattern.

Absolutely. That's where we humans get different with AI automated trades because they don't seem to look into the FA before taking a trade. Not saying AI is bad because there are still some like the Bot copy trading which perform well in taking trades most times.
327  Economy / Trading Discussion / Re: DCA on a real account: does it work? on: September 28, 2023, 06:27:29 PM

Hey everyone!

I'm a big fan of DCA, so I created my own strategy using Pine Script in TradingView. It combines dollar cost averaging, grid trading, and my creativity.

In my backtesting results, my strategy has a ROI of 15-23% per year, not including compound interest. I'm currently testing it in a real account, and I'm sharing my trades on TikTok. My strategy currently works only with Bitcoin and in the hourly time frame. I'm still learning and improving the strategy, and I'm excited to see how it performs in the real market.

I'm not a trader, so I was looking for a more passive approach to investing. I'm hoping that this strategy will be a good fit for me. I'd love it if you'd check out my TikTok account (@cryptobeestrategies ) and give me some feedback. I'm still learning, and I appreciate any help I can get.

Thanks for reading!

If you were using exchange, I would have told you to study this Dual Investment methodology. It's been helpful for quite some time. Since you have an idea of creating your strategy, I think that will help.
328  Economy / Trading Discussion / Re: Q&A Exchange that trades Coin Futures on: September 28, 2023, 06:18:09 PM
There are many exchanges that trade coin futures, all the exchanges that I am using are trading it. Bybit, Huobi which is now called HTX, OKX and Kucoin are having it.

I saw it on MEXC and Bitmart. Many other exchanges too.

Pretty much. Almost all exchanges have it. Now what matters is their funding rate. There's one that has like %0.01 fee
329  Economy / Trading Discussion / Re: Stop Trading on: September 28, 2023, 05:48:29 PM

2) Market is Consolidating

Surely there is no direction in the Market once it is consolidating. This will waste your time and make you make irrational decisions.

When the market is moving sideways its a great time for accumulation. But if you are looking for short term profits then you can use grid trading bot to take advantage of market sideways move and set the bot between its support and resistance levels.

3) When Emotionally Unstable

Are you angered, troubled, disturbed, or even excited etc. At that point don't engage the market.

It is not easy to control your emotions when you are watching your trade go down. Our emotions tell us to add more funds and lower the average. Sometimes this works if you can hold on for the long term. It's better to use a stop-loss.




I like this. Hitting the nail on the head. For me, When the market acts funny, I don't usually go in to trade. I rather use Dual Investment. That's been my best strategy for a while now
330  Economy / Trading Discussion / Which Analysis do you believe on: September 28, 2023, 05:42:48 PM
I stumbled upon an intriguing question while browsing this forum. A user asked the following:

[https://bitcointalk.org/index.php?topic=5468266.msg62908099#msg62908099]


Some of the answers are quite fascinating, but here's my perspective on this. What truly moves the cryptocurrency market is fundamentals. Why? Because fundamentals are the determining factors for whether Bitcoin's price will rise or fall. Many traders eagerly anticipate events like the halving and ETF (Exchange-Traded Fund) proposals. If these events have a positive impact, we'll witness it in our trades, and that's when technical analysis comes into play. It's the moment we closely monitor candlestick patterns for signals on when to enter long or short positions. In essence, there isn't a strict mathematical rule that drives the market without sentiment playing a role.
331  Bitcoin / Bitcoin Discussion / Re: Crypto exchanges have to learn and improve on their security on: September 27, 2023, 12:24:26 PM
I know people who are still dubious about the cryptocurrency sector because they worry about losing their money to scams or security breaches, which has been a typical occurrence in this market.
Since the majority of users appear to have welcomed the requirement for required KYC, I believe the focus should now be on enhancing exchange security.

I am aware that KYC may reduce fraudulent activity, however dealing with hacking and security exploitation issues will need investing in the strengthening of security. Adoption could happen quickly with sufficient protection because safety will be assured.

The latest Houbi attack, which resulted in the theft of roughly $8 million worth of Ethereum, and a few other security exploitations of a similar nature on other trading platforms in the past don't bode well for the sector, which calls for the prioritizing of security. https://cointelegraph.com/news/huobi-global-crypto-exchange-hacked-report

Even though there are still very few trading platforms that have never experienced security exploitation, the recent incident with Houbi should serve as a reminder for everyone to remainattentive and prioritize their security.


Yes, I agree with you OP. Exchanges should go the extra mile to protect users' funds. Like the article, I just came across and I am very impressed with what the exchange is doing. They are actually increasing the level of their security
332  Bitcoin / Bitcoin Discussion / Re: What will you do if your country did not legalize cryptocurrency? on: September 27, 2023, 12:18:41 PM
Bitcoin is a very useful thing to many people. It has provided very good opportunities, job opportunity, trading opportunity and lots more for many people to earn money for their essentials of life. Bitcoin halving is fast approaching, giving many people hope of investment, and making reasonable profit at the end. Yet in some countries it is completely illegal. What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?

Why government don't want to make Bitcoin as a legal means as of now is because they can't control it due to Bitcoin's decentralised nature but that is not an issue either because exchanged are now implementing the use of P2P of which one is even doing some giveaway. So yeah, we can always Improvise.
333  Bitcoin / Bitcoin Discussion / Re: Will the SEC approve BTC ETF in the coming 23 days? on: September 24, 2023, 09:22:37 PM
The answer is no, they will not accept the ETF in the coming 23 days, but they will also not reject it, instead, they will delay it. And will extend the dates, in my opinion, they wanted to use this news or hype which will be created due to the approval of ETFs, as fuel to boost the BTC price up, upper than we all have expected. Like a bonus.
I agree with you when you saying that the ETF(s) won't be approved nor rejected, simply delayed, and this is what is going to happen also for the next dates until when they reach the very last one, which is in March/April 2024 if I remember correctly. This will help the big funds to buy even more bitcoins at a lower price because as soon as the ETF(s) will be approved there is a very high probability to see an important price surge.
You are right, and that's what they are doing, because many big analyses and news channels like Coindesk etc. etc. made statements and analyses or covered this topic, indicating that, the SEC will accept the ETFs because it is to their own benefit. Why would they move away the free money, I know the risk involved in such things is so high but the SEC and governmental organizations do know how to keep their hand clean and how to blame others and how can they seize funds if things go wrong path.

I hope you are getting where I am going at.
For me it's not even about keeping their hands clean, is that in the USA the lobbies have more power than the actual government, and until when there was one fund that, from time to time, would ask for a BTC ETF then it was easy to say no. Now we are talking about 6-7 funds valued trillions of dollars, if they want a BTC ETF, they are going to get it, one way or another.

That also we need to keep in mind. But what will be the outcome for those who don't know the manipulation behind all these.. Honestly, like I said before I won't stress myself. Although I will keep watch of whatever they're doing because the strategy I will be using won't risk me like some are already getting liquidated with the way things are going
334  Bitcoin / Bitcoin Discussion / Re: Will the SEC approve BTC ETF in the coming 23 days? on: September 23, 2023, 04:41:56 PM
The answer is no, they will not accept the ETF in the coming 23 days, but they will also not reject it, instead, they will delay it. And will extend the dates, in my opinion, they wanted to use this news or hype which will be created due to the approval of ETFs, as fuel to boost the BTC price up, upper than we all have expected. Like a bonus.

But, if we look at the long run and ask whether they will approve it or not, then I think they have no other option but to approve them all because they will have more benefit from these approvals, as exposure of BTC will increase and people who are not into BTC investment yet, will start to make investments and this will ultimately increase their (country) income via taxes and by other means. Overall, all they need is more investors, who can buy their shares.

Plus, we should not make SEC an entity that would have that much impact on the industry, I mean, there is no doubt that they do have an impact on the market, but we all should not make decisions according to them because they are just working in US and BTC is being used in worldwide, if they don't accept BTC ETFs then another country would approve that and then the investors will move to that country and all the profits will be theirs. And the US can not let that happen.

Most definitely. I already know the hype is only but to cause little pump in Bitcoin and get some people liquidated. In fact, I already use this Dual Investment strategy that tends to get a coin at a low price and sell when it increases. So, if BTC gets lower boom I have set to buy it.

Then again, I don't really look up to only SEC to decide what to do. I also haven't forgotten there are different Economic Impacts that could affect the market
335  Bitcoin / Bitcoin Discussion / Will the SEC approve BTC ETF in the coming 23 days? on: September 23, 2023, 03:28:19 PM
A lot of speculation has been ramping up that the SEC has no option but to approve the BTC EFT Proposal from various companies. This makes me wonder. What if the SEC doesn't approve it? What if they intend to prolong the announcement would you still keep your hope highs.

Honestly, I am ready to accept anything that will come up during the period as we await the announcement because I see every possible means of approval or rejection as an opportunity to step on
336  Economy / Trading Discussion / Re: Bitcoin holder are not maximizing the bitcoin potential on: September 20, 2023, 04:20:12 AM
OP you should know that not everyone has the time to look into what they are trading. Some persons trade as a per time not full time while some do it for fun. You could have brought different options on how can benefit. Not only that, there is always loss incurred in the long run but you wouldn't let the kids overrun your profits.

Some traders prefer copy trading which is also a good thing if you choose a good Elite trader, I have seen an exchange that also has Bot copy trading which is already a plus in the arena of copy trading. There's also a passive income strategy anyone could practice and get the result they wanted
337  Economy / Trading Discussion / Re: Those who forget history will be disgraced. on: September 20, 2023, 04:12:33 AM
You do not have to compare bitcoin with NASDAQ or any other stock, we have a way we are analysing bitcoin. 2024/2025 would be bullish. Without any stock or other assets, you can know they from bitcoin price history. Compare bitcoin present price with the past price is still what is working accurately.

I would love to know more about this
338  Economy / Trading Discussion / Re: Are Technical Indicators useless? on: September 20, 2023, 04:10:35 AM
Nah. Indicators are just like a programmed mathematical and standard instrument that shows the big men in the crypto space what you're doing. Trust your strategy. Rather than I using indicators, I preferred going with the strategies provided by some exchanges like the sniper range or even going into copy-trading.
339  Economy / Trading Discussion / How to do a better Macro, micro Economic Research on: September 20, 2023, 03:49:56 AM
So guys, I would love to know how I can do a better Macro and micro Fundamental Analysis in Crypto. I know is not all about reading the news and concluding. I know that some good fundamental traders do a good research and almost get their predictions right. So please if you know the direction I can go to get this, I'll appreciate that and I believe others too would learn from this topic
340  Bitcoin / Bitcoin Discussion / Re: Don't Just HODL But HODL Wisely and Securely on: September 20, 2023, 03:26:51 AM
One of the most powerful words that resonates strongly among bitcoiners is the word "HODL". This word describes our undying faith in bitcoin's past, present and future potential. In the bitcoin community, there are those who have been holding for a long-term and also those who have just started hodling because they are moved by the fast approaching halving event in 2024. As we are holding bitcoin we should be vigilant because hackers and scammers tirelessly seek opportunities and loopholes to steal your bitcoin. Therefore, it is not enough to hold but HODL WISELY.



There are more than one thousand ways to HODL bitcoin. In fact, as of 2022 there were about 2,790 Bitcoin-related applications are available on the Google Play Store while Apple Store had about 651 such apps. To add to this there are 288 hardware wallets and 44 bearer tokens in circulation, all of there telling you that they are able to secure your bitcoin holdings

Don't just hold but hodl wisely and securely.

This topic is inspired by the responses I received in this thread - How Do I Verify the Integrity of Open-Source Code.

Image source:

No one is careful enough to avoid getting scammed but we all gonna be extra be careful regardless. Now how can we save ourselves from shitty things that want to happen

- use of a cold wallet

- Those using exchanges can testify that most if not all exchanges are going Kyc, this will enable one to be safe at some point

- Is it just the KYC? No! You must confirm if the exchange also has a hot and cold wallet installed. You know for an extra level of protection

- Not just that. Also, check if there's a protection fund ready for their users in case of anything.

All these we need to start keeping in our mind
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