How are you approaching investing in cryptos?
Fund allocation and strategies are important Fund allocation - Bitcoin is the main crypto in your portfolio: 70% to 80% for bitcoin.
- 20% - 30% for altcoins: 10% of it for risky altcoins that you afford to lose all. It is not a gamble but afford your loss at beginning.
- You can reshuffle your allocation between bitcoin and altcoin. In altcoin seasons, you can allocate more capital for altcoins but remember to switch it back to bitcoin after you take profits
Strategies - Long term (more than 1 year): More than 50% of capital
- Medium term (3 to 6 months): 30% of capital
- Short term (1 to 4 weeks): 10% in maximum
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I'm not at all surprised that any politician in any country invests in Bitcoin, they consider themselves smarter than most people, and who wants to miss the opportunity to make money, especially in a country where aren't many real opportunities.
North Korea and other nations with financial sanctions can run their bitcoin mining rigs. They will do it in secret but they don't lose anything when mining bitcoin. No data or article is available about this tactic but I think some are applying it. In any case, this Ukrainian minister has a demanding job to try to find evidence of any illegal activities if he thinks they exist. Otherwise, he must accept that people are simply smart investors, which of course is not prohibited by law.
As in my nation, governments, police, banks and laws don't protect locals if they have crypto exchanges and get scammed; or they have trades with people (trade partners) have capital from money laundering. If they are bitcoin sellers: they will lose their bitcoin to scammers and have to return fiat to police or governments. They only protect people who have fiat stolen by scammers. I think governments (police) will take over the amount of bitcoin after they arrest scammers. Even they get bitcoin from scammers, they don't give the bitcoin to bitcoin sellers. Take it for themselves. Who knows? It can happen in any nation. |
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I need a non-collateral loan. Details - Amount: 0.05 BTC
- Interest rate (in BTC): 5% / month.
- I would like the period from 2 weeks to 4 weeks
- I will sign a message for this loan.
Thank you.  |
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Update:
Done importing my blockchain wallet on electrum, the problem is, it is not showing the address I used for my service.
I don't have connection to my thrown away Blockchain.com wallet here so can not go to details to export it for you. Generally, there are two methods to import or export a wallet - Do it for the whole wallet (with seed) that will give you access to all address in that wallet
- Do it for a specific address in one wallet.
Now, assume you don't have any bitcoin in that wallet, just need to sign a message from a specific address. It seems you have a the address begins with 1, isn't it? You can import that address with private key to Electrum. - File > New/ Restore > Next
- Import Bitcoin address or Private key > Type the code with format as follows
p2pkh:Private Key for that address you need to use to sign a message
p2pkh is for address begins with 1. See details of 3 address types: Invoice addressClick on Info and you will get the guide from Electrum WIF keys are typed in Electrum, based on script type.
A few examples:
p2pkh:KxZcY47uGp9a... -> 1DckmggQM...
p2wpkh-p2sh:KxZcY47uGp9a... -> 3NhNeZQXF...
p2wpkh:KxZcY47uGp9a... -> bc1q3fjfk...
If you have your private key, you can do it. |
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Hello, am a newbie and interested to be enlightened more about the forums activities. Learning is a process
Please read it and you can ask if you need more help from forum community. - Newbies - Read before posting
- I think that topic is enough for newbies. If they are eagerly to learn, they will click on given links to very helpful topics in that topic, and read more. Read more and will be given more links in relevant topics for each subject.
- So, let's get started by reading it first. It is the first step in your learning process.
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Don't use social media platforms. Apply it to all social media platforms, not restrict to Facebook. If you use Facebook - Don't upload your personal images
- Don't talk about bitcoin, cryptocurrency on your Facebook (in status, shares, etc.)
- Don't upload any screenshot of your portfolio, past trades, balance, etc.
Beyond Facebook, general advice for crypto enthusiasts - Use non-custodial wallets and don't store your cryptocurrency on exchanges longer than what you need
- Don't store backup of your wallet file, private key, mnemonic seed, password on any online services. Store them off-line
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I can also send a video clip of my blockchain wallet interface to show the transactions I had with that bitcoin address if it can be a possible proof that I am the owner of the account.
Videos can be fake and moderators don't want to verify your videos. The signed message can be verify by bitcoin wallets, by everyone, without any required skills to verify videos (that sure more complicated).
Do you successfully sign a message on blockchain.com wallet? You can import your blockchain.com wallet to Electrum and sign a message. |
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From your experience in futures trading, what's best considering the risk/profits: trading with large volume from your capital but with low leverage (even doing spot trading) or trading small volume but combined with high leverage?
Hodling gives profits IF you do as follows - Choose a right coin to invest (hodl). The best is bitcoin
- Hodling means Spot trading if you store your bitcoin on exchanges
Spot trading means no leverage. Your statement is not accurate as you wrote low leverage for spot trading. Trading can give your profit or loss but most of traders end with losses. Serious losses will find them with Leverage/ Margin tradings. Can you also give concrete examples of the used amount + leverage per trade/position?
Don't join the so-so gambling trading: Leverage/ Margin trading IF - You don't have 4 years of experience in crypto market and in crypto trading.
- You don't have good rate of successful trades with Spot trading
- Leverage: x2 or x3 and even with low leverages, please afford your loss with margin call and liquidations
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Follow up the investments from institutes Newbies will always look at whales, so-called whales for their responses on the market. They rely on whales for their own thoughts but they rarely make right decisions. Doubt, uncertainty, fear and many emotional actions. |
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@tranthidung is right if we based on the previous years which April is the best positive price for Bitcoin.
I don't mean so. It is one of the best, not the best. Additionally, if I want to find best months, I would like to exclude extreme outliers in early years (2009 - 2013, perhaps) and take a look at means and standard deviations of the rest years till 2021. In early years, price was affected by many factors that now become very minor news for the market. But what I also think what if Bitcoin is already in advance, what supposed to happen for the month of April was already happened last month (March), we saw a positive 30% and this April could be something a price correction, just my 2 cents.
% of price change for one month depends on open and close prices in that month. Your opinion can be true if serious corrections in March (end days of Marches) have long lasting effects till first day of Aprils. Your opinion will be wrong if corrections happen in middle of Marches and price already rally well, therefore in first days of Aprils, price is not at bottom. As I said, it is a raw view for the market, but for personal balance sheet, it depends on your entry/ exit prices and when you open/ finish your position. Here is the updated list of prices per month.  Thanks. In fact, that image I posted is taken from @Lucius. I discussed about it long time ago but don't remember where I did it. |
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Bitcoin price is constantly reaching high but Bitcoin Dominance is dropping.
Does this indicate that more and more people are interested in altcoins rather than only investing in Bitcoin?
Dominace of bitcoin is decided by two factors: - BTC price that is used to calculate the BTC marketcap
- Total market cap of altcoins: it is the big and volatile factor. Bitcoin is only one but altcoins have thousands and new altcoins will appear. Their total marketcap change by old, current and future altcoins.
In bull market, dominance for altcoins are biases by new and/or scam altcoins. If you don't have data for before and current period of the market with the cut-off is when the bull market begins. Data for two periods (if you have) can help you to judge which total marketcap are from old altcoins and which marketcap are from new born altcoins. |
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One thing's for sure — it's going to decrease sell pressure on exchanges, which we could say has a positive effect. But in the end, it's still going to mostly depend on the demand.
Trading volume on exchanges is not depend on exchanges' bitcoin reserves or how much bitcoin is stored on exchanges from whales, institutes. It is my guess and not yet verified by data. Also, I'd like to be realistic and not too bullish. Let's not forget that while people are withdrawing their funds from the exchanges(as indicated in the chart), let's not forget that they could just as easily send all the coins they've withdrawn back to the exchanges if they really wanted to sell.
I think the same about big movements that are seeding on social media at important periods of price movements. Around the times for corrections or break outs, such big movements were broadcasted and detected by Whales Alert as well as spreading on media. You wrote about the easy step of bitcoin transactions (in and out of exchanges) and I agree with you. |
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How long did it take for that to go through?
With same fee rate you use to broadcast your transactions, the waiting time to get first confirmation on the network will be different from time to time. - In best lucky day, yours can be confirmed within one hour (~6 blocks). It is very rarely to see 1 sat/vbyte transaction get confirmation just within one block.
- In worst cases, your waiting transactions can be dropped from mempools. The default drop time for mempool is about 14 days.
- Check the visual chart for mempool with jochen-hoenicke.de
- That link is for Weight tab (the default tab) and 24-hours period. You customize the period to 2-d, 4-d, 1-w to have better overview.
- Read my topics for explanations on how to use that chart and make plans for your transactions to enjoy cheap fees
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Unlike Bitcoin and Ethereum which have a unique address. Other coins like XRP, BNB, XLM, EOS, COSMOS, and etc have additional address features for identifying a transaction recipient, that feature is called Destination Tag, Memo, And Message which when you create the wrong type possible you will lose the coins cause the token you sent can be landed to other recipient or stuck on the exchange that will probably need a much time to be approved.
Good topic. But we need to address the issue of many ways people are losing money to exchanges, I created an article recently addressing this, this is another one included. No noncustodial wallet will demand for tag or memo, but a potential way to lose coins on exchanges. What you quoted is not my post, Osho. 
It what people must take care of themselves. Non custodial wallets, exchanges have nothing to help them if they skip all given guides and move onwards carelessly. Exodus is a non-custodial wallet that supports multiple coins. You can receive coins in Exodus without Tags, Memo, Message but if you are sending to non-Exodus wallets, you have to fill in those details if exchanges require. Losses from carelessness I sent funds from Exodus without a Memo, Destination Tag, or Message to a wallet or exchange which required it. What should I do?
If the receiving wallet requires a Memo, Destination Tag, or Message and refuses to auto-process your deposits if the Memo, Destination Tag, or Message is missing, there is nothing we at Exodus can do as the funds have left your Exodus wallet.
Please contact the receiving wallet owner or support team with the transaction ID and request them to manually verify and credit your deposit.
There are some wallets/exchanges which do not offer any support for such mistakes. Therefore, be very, very careful when sending these cryptos from Exodus to another wallet.
To be even safer, you can always test with a smaller amount first to be sure that your transaction goes through.
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Should've added this note?: "there's a low chance that it will be valid though"
That first time I generate after upgrading to 4.1.0. when trying to create another seed, BIP 39 tool saying invalid, and so on. If could be rare, I present that seed for research. Weird!
One minor thing: The Bitcoin icon is designed in Light Blue color. I assume we all accept the default color of Bitcoin (BTC) is Orange. It's not Green (as BCash) or Light Blue.  This update wipes out the default list of receiving addresses, users have to create each receiving address manually. |
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Who told you an exchange is a type of wallet?
It is wallet but custodial. Most of exchanges only give customers custodial wallets. They don't give private keys or mnemonic seeds to customers. Not a wallet where you keep your Bitcoins.
Shortly, it is true. More explanations for exchange wallets - Still good for people who are not good in security and have bad web-surfing habit. Exchange and their wallets with multi-layer of protection can protect such guys. It is safer for them to keep their bitcoin on exchanges. But on very reputable exchanges AND with the awareness about risks of hacks on exchanges.
- For people who have good habit and good security (on their sides): It is best to use non-custodial wallets to store their bitcoin.
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Do you mean very summarized stats like that? - April looks good with most of years in Green
- BUT
- Profit or loss of one trade or one investment is decided by entry and exit price.
- Entry and exit are related to when you open and close your position
- April can be Green for most (or assumes for all year) if you compare prices between first and last days but you can get serious losses if you shake your hand in a big volatile day in April.
- History does not need to repeat itself
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Unlike Bitcoin and Ethereum which have a unique address. Other coins like XRP, BNB, XLM, EOS, COSMOS, and etc have additional address features for identifying a transaction recipient, that feature is called Destination Tag, Memo, And Message
They lost their coins because: - They are in hurry and ignore the warning or guide exchanges give them. All exchanges have such warning/ guide for users each time they make deposit or withdrawal
- They are careless and don't double check their address, ticker, and additional details (like you said: Memo, destination tag, etc.). Then they perhaps put address to tag and vice versa.
- They move coins cross-chain or move BTC to BCH address, USDT (OMNI layer) to BTC address, etc.
- Sending BTC to BCH or whatever coins, vice versa. Don't do this, newbies ! (It is my topic in Jan. 2020)
Just being careful and do double checks to be safe! Thanks for your topic. Cheers! |
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Nothing shows coming in or received, the payout manager says : “ this is your first large transaction receiving from a high frequency mining account and once you deposit about 4200 into your wallet, the 21000 will automatically reflect “ Is this a complete lie? I ask for a transaction id so I can see it was sent but nothing.
It is kind of lie and double scam. Somewhat similar to what I pointed out there I do not want to put the 4200 in my wallet because I’m suspicious of this whole thing.
You do a right thing. I’ve invested over 13k and never received profits although I have about 80k in my account with them. Should I cut my losses and move on? Or is it possible the scenario is true? Thanks to anybody that can help.
It it is a scam and you have nothing to file report to police or governments, you only can stop. |
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