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3261  Economy / Trading Discussion / Re: Crypto reclaim $1 trillion marketcap. A good sign on: July 22, 2022, 02:28:23 PM
The fear and Greed index also moving to positive side.

Which.. is actually mostly a bad thing (fear and greed index not being an accurate gauge aside) because it means that people are starting to get too bullish again; and then next thing you know, markets are going to get frothy again at some point because of overleveraging.
3262  Economy / Trading Discussion / Re: buying low and selling high on: July 22, 2022, 02:05:13 PM
How much small dollar we are talking about here? Because you can increase profitability if you will use futures trading with low leverage rather than spot trading alone. In traditional way, Spot trading is the perfect choice for buying low and sell high since it doesn’t have liquidation price but since futures trading already introduced, It was good for user that don’t have enough funds to borrow funds for trading in exchange for a certain margin ratio.

While technically true, OP, don't do this. Using leverage especially for newbies will just speedrun your demise. With spot, you can at least wait till your holdings go back up in price (assuming you didn't buy shitcoins); but with leverage, you can simply get wiped out.
3263  Other / Politics & Society / Re: Are you preper for the doomsday ? on: July 22, 2022, 01:38:09 PM
Bank has liability if so then bank will have obligaton to give food or what ever i need if no cash or funds.

Since when did banks have the obligation to give you your needs lmao? Banks aren't some charity that's out there to save you. Banks are a business, and the goal of such business is to profit off you, not necessarily to help you or save you.

If anything, most banks are scums. Heck, it's not uncommon seeing banks revoke people's access to their funds.
3264  Other / Politics & Society / Re: Are you preper for the doomsday ? on: July 22, 2022, 01:28:31 PM
I dont prep becpuse i know if i have money i dont give damn what regime what puppet is installed on goverment and what situation in the world i live west london upscale area so i have no worries a lot illuminati members here also so no neeed to worry

If the worst come to the worst, your typical bank currency isn't going to save you. Preppers actually 'prep' for the case that if cash becomes worthless and the likes of food/medicine/ammunition/clothing/etc becomes the de-facto currency. Barter style.
3265  Local / Pilipinas / Re: BSP governor not keen on banning crypto in the Philippines on: July 22, 2022, 01:18:27 PM
Quote
However, the governor said he does not want to call it “cryptocurrency” as well.

“Because it has very little use for actual payments, especially when the price is so volatile.”

Bad take from Mr. Medalla. Hindi porke tingin niyang hindi ok para sa payments ang crypto e ibig sabihin hindi na agad masyadong nagagamit for payments. Nadala masyado ng opinyon instead of facts.

Maiintindihan ko pa sana kung ang reasoning niya is that hindi naman lahat ng crypto ay gusto maging currency; which is true.
3266  Other / Beginners & Help / Re: Motivation For New Buddies | Mention Yours on: July 22, 2022, 01:05:22 PM
We don't need to motivate the new peeps. If they actually need motivation or inspiration to be able to strive, maybe they shouldn't need to be here in the first place. People who grew to be actual bitcoiners are the ones who go here with genuine interest; not those who just want to do bounties.
3267  Bitcoin / Legal / Re: Former Coinbase employee charge with insider trading. on: July 22, 2022, 12:18:09 PM
the company having a bad time right now. they recently fired a lot of their employees.
It's pretty much like 90%+ of tech companies though; not necessarily Coinbase.

and then I heard they shut down their newly launched NFT marketplace which was a total failure and now this insider trading case, seems they are having a lot of issues specially from management.
They could honestly still salvage CoinbaseNFT. All they need to do is have a centralized marketplace of the NFTs and people would surely use it. The way they made CoinbaseNFT is almost no different from OpenSea hence why there's really no reason to use their platform.

it could be beginning of fall of one of the biggest blockchain companies in the world.
Probably, but I doubt it.
3268  Economy / Speculation / Re: Effect of Tesla bitcoin sale not significant on: July 22, 2022, 11:48:15 AM
Someone has been commisioned to make a fud. As we can see the date of dumping of Tesla is quite earlier than today probably they dump at bit high gaining off some profits for that. Its quite obvious they are planning to drag the price bit more down to accumulate at a good entry using this kind of news which is quite irrelevant now to the current price. Nice try to fud but I do think they arent warranted by the general market as it speaks differently based on chart.

That's too much of a tinfoil hat take. News flash: news sites love to release whatever articles that gets a lot of attention, and Elon Musk related articles do get a lot of attention. Not everything needs to be fud/manipulation.
3269  Economy / Trading Discussion / Re: buying low and selling high on: July 22, 2022, 08:01:57 AM
Buying low and selling high is an overly simplified way of looking at trading. It makes it sound so easy, but in reality it's a lot harder than most people think. It looks like a viable strategy if the chart consistently looks choppy like /\/\/\/\/\/ but of course, it's not always the case. You can buy small amounts hoping to sell it above just a few dollars, but you could easily be screwed if it decided to just going down.
3270  Bitcoin / Legal / Re: Former Coinbase employee charge with insider trading. on: July 22, 2022, 07:51:28 AM
Most definitely not the first time, but probably the first time when talking about a decently-sized public company.

Insider trading aside, the entire Coinbase asset listing team should be fired. Their listings are just absolutely and unbelievably horrendous.
3271  Economy / Service Discussion / Re: Coinbase One - Zero trade fees? on: July 22, 2022, 04:03:48 AM
I think it's not worth it to spend $30 per month or $360 per year for this, and this looks like a desperate move from Coinbase to regain some of their volume they lost in last couple of months.

Most likely not if you're a peaceful DCA type of guy with not much buying power, but it's definitely worth it if you're an active trader. Exchanges in general are making a killing from exchange fees alone.

With days where I actively trade, $30 can easily cover just a single day of trading fees; and I'm not even anywhere close to being a whale.
3272  Economy / Speculation / Re: Effect of Tesla bitcoin sale not significant on: July 22, 2022, 03:53:48 AM
You're kidding right?  Their sale set off the liquidations of Celsius, Three Arrows Capital, Luna, along with several other major players.  Even the mention that Tesla sold 75% of their holdings caused a further 136 million dollars in liquidations.  Tesla actually performed God's work here, making sure that when prices do rise, it isn't the degenerate gamblers with tons of leverage that get rich, it's the people that stayed the course and stacked sats in their own wallets.  That's why people are talking about it.  It was a big deal.  

Not sure if I'd say that their sale is actually what specifically set off the mass liquidations, but yea they surely had a significant effect — pretty much like pouring gas on an already-burning building.

Definitely a well-needed cleansing though.
3273  Economy / Scam Accusations / Re: There is a new scam going around on Twitter, WHY THOUGH?!? on: July 21, 2022, 12:26:32 PM
I'm pretty sure it's the same exact scam that's being described in this[1] thread.

In summary, victim tries to take the funds by sending in TRX(for the fees), and the scammer would front-run the victim by sending out the received TRX.


[1] https://bitcointalk.org/index.php?topic=5407105
3274  Other / Beginners & Help / Re: Hot*cup is on the way, on: July 21, 2022, 12:23:53 PM
Don't go straight into investing. Probably learn about Bitcoin and this industry first so you won't be going in blind.


* If you like reading articles: https://coindesk.com/learn
* If you like reading books: https://theinternetofmoney.info/
* If you like watching videos: https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

Security related:
* https://cryptosec.info
* https://www.lopp.net/bitcoin-information/security.html

If you want to get more technical
* https://github.com/bitcoinbook/bitcoinbook#chapters
3275  Economy / Scam Accusations / Re: Beware of the new scam trend. on: July 21, 2022, 11:05:56 AM
What hugeblack said. If the wallet was multisig the victim wouldn't even be able to import the wallet and see the funds. The scammer would simply just use scripts/bots to be able to frontrun the victim(which will most likely try to take the funds manually).

And yea, this ain't new either.
3276  Economy / Economics / Re: Surprisingly, Elon's Tesla is not so keen on hodling BTC anymore on: July 21, 2022, 08:10:51 AM
I think the reason why he is playing these stupid games with the media is because he loves the spotlight, attention-seeking. Because why else would someone with so much act so manipulatively in a space where he wields so much influence. Not good at all. I agree that Telsa selling off a huge chunk of their bitcoin is purely business related but for Pete's sake can Musk just be silent for a while on any crypto-related subject matter? Bitcoin is going to fine with or without Musk because now most people are more enlightened and can see through his tweets and comments about bitcoin.

I mean, why should he keep silent though. The reason why Tesla doesn't need to spend money on marketing is that Elon Musk himself is giving the company the publicity it needs. Milking all the publicity is simply just the smarter move in a business sense.
3277  Economy / Trading Discussion / Re: Anyone using Gate here ? on: July 21, 2022, 05:08:10 AM
Okay... so this is a bit like "bidding" for the token ? The higher your bid, the higher your chance of getting it sooner ?
I mean, yes — by buying you're literally bidding.

But that means in times of high volatility you may end up paying a much higher price than the current market value...
See the red numbers on the right on your screenshot? Those are the sell offers. You can literally see the price of the tokens being sold by people.
3278  Economy / Trading Discussion / Re: Where is real pumps ? on: July 21, 2022, 04:19:36 AM
If you expect daily price increases with that high of a percentage on ETH and BTC, there's no way of sugarcoating this but you're totally delusional.

..and next thing you know you're going to tell us how to save the economy again.
3279  Economy / Service Discussion / Re: Google Ads Updates its Policy towards Crypto on: July 20, 2022, 11:41:20 AM
Google has always been kinda strict as with crypto-related ads, right? As far as I know most crypto advertisers use crypto ad networks like Coinzilla.
3280  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Can applications/games that promise coins and tokens as rewards be trusted? on: July 20, 2022, 11:03:17 AM
You can most probably "trust" them in a way that you're actually going to get paid the tokens. But the question is, how will the token perform? Answer: in a downtrend. These ponzi-like systems print out tokens to reward their users; and printing tokens to no end is inflating the supply into oblivion.

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