(....)
Also, Does anyone know how far the exchanges will go stop hunting? I got pulled out of a trade because I put my stop too close to support level which I will take as a lesson, but it really did piss me off being as the price NEVER even went down that far besides just to pull me out of my position..
Very rare case for a particular exchange will be the only reason of stop losses hunting, it could be always the market, but there some exchanges that sometimes dumped or pumped too hard but on the other exchange it didn't happen, but it will always on abrupt price action move. This stop-loss hunting is kinda normal especially in cryptocurrency which is very volatile, so sticking with your risk: reward ratio or risk management is always good. It's kinda impossible to avoid, that's the one of disadvantages of using stop loss. |
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I am planning to start a buy-and-sell small business. Which is major on USDT or Bitcoin, Ethereum, and Fiat currency from the Philippines which is PHP.
So I want to ask some advice like what is the best to do for this kind of business? Or like where I can get cheap USDT/Ethereum/Bitcoin then sell it as P2P with my fellow countrymen with of course some spread for small profits.
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For me, Litecoin seems only the best-forked cryptocurrency, especially for Bitcoin. Look at the coins after Litecoin was forked, most of them got rekt, especially products of Roger Ver, like Bitcoin Cash, Bitcoin Gold, Bitcoin Satoshi Vision, and many more out there for sure.
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This is one of the best examples of a project that is following and sticking to their roadmap.
As you can see on their whitepaper, they have this roadmap and everything is aligning especially this staking part of AXS which is for Q4 of this year, so they delivered it and for sure this is one of the reasons because of pumps and yesterday, they have this some leak about V2 of battle, which kinda another next level especially for user interface and more updates about the game.
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For the subject of which coin to buy for investment purposes, we can predict that low-priced coins are more suitable for purchases, especially for long-term investment, this strategy can be applied. For example, MATIC, DOT, CHZ and RNV, which started low, seem to be suitable for high volume and short-term investments.
You got good taste here, especially for Polkadot (DOT). But please be aware not all low-priced coins are good or worth buying since there are a lot of things that need to consider. For me, there are really lof of quality projects for altcoins these days, especially if it is about NFT and DeFi, but I am more bullish on DeFi since TVL (total value locked) for DeFi is continue to increase regardless of how the market is dumping sometimes. |
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First, be careful on Telegram or any random chat platform because scammers are everywhere.
And I don't think you will find a good crypto community in Telegram because for sure they are full of spammers but not all of them.
What particular crypto community do you want? Trading? Because recently I have a group channel found in Telegram which is only about trading, technical analysis.
You can try @mysterywave and @TheBootTADiscussion
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So I will most likely convert my altcoin to btc and then withdraw btc and pay the 0.005 btc fee.
For this reason, I like to use FTX exchange. Whenever I need to withdraw BTC I use FTX exchange. The transaction fee was free for Bitcoin there. A few days ago when I tried to withdraw Bitcoin, They charge a few bucks. But the interesting part is, They cover half of my fees, Suppose the fee is $20 for withdrawing Bitcoin. They will provide $10 and you need to pay $10 for the transaction fees. It's a win-win situation, You can try it. Just send USDT (TRC20) to your FTX exchange(if no account, try to create one), Convert into Bitcoin and withdraw those funds. May you need to submit the KYC document for a bigger withdrawal. Please note that not all withdrawals on FTX Exchange are free, see: https://help.ftx.com/hc/en-us/articles/360034865571-Blockchain-Deposits-and-WithdrawalsAdditionally here, the more you staked their token (FTT), the more features you can access like fees for withdrawals, trading fees, or rebates. About their Bitcoin withdrawal you can check this: Small BTC withdrawal fees: BTC withdrawals > 0.01 BTC are free. BTC withdrawals < 0.01 BTC are charged withdrawal fees after your first free one per day. So if the goal of the user is to transfer funds to another exchange, the best thing is to convert first your fund to USDT, then withdraw it using Tron Network (TRC20), so only 1 USD is the fee for withdrawal on Binance. |
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After this issue Binance issue and China's crackdown on cryptocurrency, the decentralized exchange platforms starting to rise.
For me, most of the centralized exchanges will follow what Binance did for KYC policy. This is the most disadvantage of using centralized, so user will force to undergo to KYC or leave then user other exchange.
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Of course, that's one of the most attractive parts of why we should invest in BNB aside from its impressive development of the project. However, I suggest being smart enough in buying, at least not in the bull market as when correction comes, we might see a big discount on the BNB price and that would help us increase our holdings.
Binance is still a good investment because of Binance Exchange itself, I am not really a fan of their Binance Smart Chain. A lot of alternative of Etherum these days, Binance Smart Chain starting to lose users and migrating to other chains. As I remember a few months ago, Binance Smart Chain users surge as Ethereum experience the massive transaction fee, so people found another alternative and most similar before is Binance Smart Chain but yeah these days a lot of alternatives to Binance Smart Chain. |
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Closing Bitcoin on the monthly candle for September, a bullish sign for me. As we all know that most of the month of September for Bitcoin all over the years is very bloody and the month of October is more on up only.
Starting of Q4 and we saw a very huge green candle from yesterday is a good signal that bulls are still on Bitcoin. For me, this Q4 is a battle of all-time-high of Bitcoin, more sideways before breaking all-time-high.
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After Bitcoin falling from the Top 5 market cap and followed falling with Top 10 market. It makes Bitcoin cash become more useless and no more chance.
For me, holding Bitcoin for the long term is not a good idea, to be honest, recently we have seen high volatility and probably a pump and dump scene when some updates happening and probably Roger Ver is the one who manages these pumps and dumps.
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What are the things to keep in mind when looking for an online course for trading?
If you want to know my opinion, then i would look for an online trading course which have no fee. There is so much content available for free only in youtube that can make you a professional trader. Other than this , you can get free online books which teaches technical analysis. You have the motive to learn TA, all you need is to devote your time and start learning. There are some advantages and disadvantages of using a non-free trading course. People who learning will tend to study harder since if they know they are taking a paid course, they paid for it to learn so they more become serious to think that they will not waste their money. On the other hand, while using a free trading course, you can say to your self "I can't study it since I got it for free, so no need to worry" But overall, if you are dedicated to learning, using a free trading course is the best, there are a lot of free trading courses on the internet, google is your friend. |
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What effects, both positive and negative, does the fact that a substantial proportion of people that invest or get involved with Bitcoin in the first place, have the intention of making profit in a fiat currency as their primary objective? There are many people who do not fall within this category and many, who start in this manner, that then take on other ideals and ambitions. There are also many who want to "cash in, cash out".
I can answer with my own experience here. At first, to be honest, I'm for money only or profits. Since I discover Bitcoin while I am making money on the internet. So that's the time I can see Bitcoin. But after some time, I started to learn what really Bitcoin is like it's just not a normal mode of payment. And the technology behind is superb. So my thoughts or goal with Bitcoin started to divert, that's time I am starting to accumulating Bitcoin and deciding to hold Bitcoin for the long term. |
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What use is it to trade future with a less than 1x leverage, lol?
On future trading, if you use 1x leverage, you can sell, which means if the price is going down, you are making profit. On spot trading, you can only buy. +1. The lesser leverage, the less risk. So the majority of using 1x leverage is probably on short since if you just 1x leverage, you should just use spot trade so you can also avoid the huge fees. People should also consider the fee here, since we have funding rates, either people who are shorting the market will pay those who are long or vice versa. |
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May have a short-term hash rate fluctuation when the pool finally shuts down for good but overall likely to have little to no impact unless China really starts going after physical hardware.
+1, short term problem only, there are still some adjustment that needed here. What I find good news here, it will help the miner to be more located in different part of the world, it will help the hash power will spread and not by owning a huge percentage of hash power by only 1 country. And I believe this china crackdown to cryptocurrency is just temporary, there are still lot of possibility that China will welcome with open arms again the cryptocurrency. |
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Security is also man basic needs on earth because it’s very devastating and most times deadly when someone steals our valuables. The reason I suggest for a confirmation code for every transaction is simply because bitcoin and most crypto are decentralized making it almost impossible to recover lost coins. There should be a confirmation code sent to our email or phone number during transaction in crypto wallets to originally prove the transaction is being performed by the real owner of the wallet, once the confirmation code is received via gmail or any other means and has been copied in the appropriate place.
It's like two-factor authentication (2FA) for every withdrawal or outgoing transaction in your wallet. I believe that this is already existing in some centralized Bitcoin wallets or crypto wallet providers, even on centralized exchanges that allow you to withdraw your cryptocurrency. But there are still some decentralized cryptocurrency wallet providers that also have this kind of feature, as far as I remember, Coinomi is one of the cryptocurrency wallets, they have featured before that you have some password that using when you are doing a transaction or logging into your wallet. Overall, I don't find any good reason to add this kind of feature for a decentralized cryptocurrency wallets, if you want to be safe your funds, start with yourself, practice safety measures, especially adding some security to your phone so before they can open crypto wallet, there is still some security they need to pass. |
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May be true but however this is crypto. Volatility is its watch word and I can vouch some fickle event can send prices tumbling or crashing. It happens and it can happen. These whales may try to enter a different market like DeFi and leave Bitcoin altogether, thereby dumping its price and starting another panic sell cycle
Yep, cryptocurrency having high volatility is already given. But what OP means is with this current volume of cryptocurrency, especially Bitcoin. The downside for Bitcoin is not so critical like falling below $20,000 anymore. I also believe since we are now different, volume is already high compare to before when we reach an all-time-high of around $19,000 and dumped for more than 70% before climbing up again. |
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IDO with KYC? KYC under IDO for me is already a red flag. There are already a lot of IDO platforms nowadays that don't need KYC anymore. Try to dive into Solana, there are some platforms there that don't need KYC anymore, for example, is Raydium platform. And also in Ethereum, have you heard DAO Maker ( https://daomaker.com/)? I haven't yet tried this but I can always hear about this platform. |
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We still have 3 months left before 2021 will end. And within 3 months, there is still a lot to happen to Bitcoin.
For me, what I am expecting is another cycle, a separate cycle from what we experience these past few years it could be a bear run but the dump is minimal, maybe we could stay around until $20,000 - $30,000 and volatility is high there, then more sideways and that's for me another bear run and after that, followed by a bull run.
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Most modern blockchains use some form of PoS. But Solana's biggest competitor is Ethereum, which still relies on PoW – though it's in the process of switching to PoS.
Yep, I think that's why these alternatives Ethereum networks starting to become popular because Ethereum users are indeed having a hard time with transaction fees, look how these PoS networks boomed recently specially Solana. I don't think also Solana or other POS networks will flip Ethereum, what can I see is Ethereum is too far from other POS networks, so I don't think so that it makes sense to make a comparison since Ethereum still has a lot of upcoming updates. |
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