Most people who are trading are not as well.

Whoa!! Now that is something new I am hearing on this forum. People here more or less talk about how to pay taxes incurred on bitcoin trades rather than using bitcoin to pay other taxes.

I read through your post and it seems you started with Margin trading. Now for a beginner, if they dont have any previous experience in margin, they will lose money. If that was your case then I am sorry to say, but you took the wrong foot forward.

Beginner should start off with spot trading which is buying/selling asset of crypto. I can see why you got misdirected as well. No wonder the numerous advertisements on social media and continuous spamming of margin trading sites making it the trend on internet in the last 2years.

However, do consider that you have lost money and will not be making up the loss in any manner. Still spot trading is something that you can do. Buy bitcoin at low price and hold it for a time to sell at a profit. Of course this price is much high to buy so cant give advice on that.

But dont go for margin long and short, you will lose more than you even make and at least in spot trading you are having an asset to hold, in margin you only have a contract which is going to get liquidated soon enough. That is how these exchanges make money.

What makes you think stock market whales are going to enter crypto? It is a wet dream of some altcoin shills but in reality not the case. I would like to hear your argument though.

They are mostly involved with the top altcoins and of course bitcoin. If you think some advisor is going to pump a unknown altcoin, then chances are very low.

Having another wet dream? Dude, you should wake up and start trading on them to make money in terms of bitcoin. Dont hold altcoins for life, they will never go as big as bitcoin.

Stocks will not move to that extent that crypto does, it is a regulated market. Still you can invest in both if you are diligent enough and willing to adapt to both bear and bull markets.

Daily 150%? Sounds like a genie's wish in the Disney world, and a scam in the real world.

Most newbies wont even check the details of the team or the location. They see a point to make money and they will jump into it.

Fun facts:
1. Their landing page has social media links that link to the original site of that social media and not their specific page.
2. If you click on their link "How we earn money" at the bottom of their homepage, it leads to a 404 error.

Lets hope newbies reading this will be warned of the scam.

DEXs wont have Monero, use a CEX that have a higher limit for KYC requirement and use your money to buy Monero there.

I can understand why NeuroticFish said about using bitcoin to spend and buy Monero. Still if your objective is to hold crypto, bitcoin is actually better than any other coin in the market, but that is a topic for another discussion.

You could also use a forum trade to exchange Bitcoin to Monero. You should be able to keep yourself anonymous in the process because it is a crypto<>crypto trade. But please use an escrow to mediate the trade and never send first to the other party, send to the escrow.

Let me get it straight, no privacy coin can give you 100% privacy. So if you are looking forward to laundering money and evading taxes, good luck to you trying to keep your rear safe.

Human nature to see new things with suspicion but crypto is not new though, it came into existance in late 2009 more in 2010 but came into public mainstream media much later.

So the governments are run by the politicians but the country is run by the industrialists. As soon as they start taking a pro-crypto stance we can see changes in the governments stance, which is gradually happening in the first world countries, hoping that it reaches the third world soon because that is where crypto can really make some changes.

And lets put aside the conspiracy theories of how bitcoin can be removed, shutting down the electricity supply to a country means a huge loss for that governments and so that is not happening. Besides the governments know that its people use crypto, they only need to keep a watch to catch money launderers, thats all.

Bitcoin is decentralized and censorship resistant. Its price is not controlled by a central institution but by the supply:demand ratio.

The idea of volatility is much less in the last year. Price trends show that dropping down to zero is very less likely. Earlier when bitcoin was still in its three digit prices, the no-coiners would cite volatility as the reason why they chose not to put any money in it. It is the same no-coiners who are sulking of not having bought at that price then.

Nobody can restrict bitcoin mate, as long your electricity is intact. However country governments might put restrictions on traders in future. But its price does not depend on that.

It has both its good and bad things. One thing that I would defenitely like to see is a government acceptance of use of bitcoin but not control over its supply.

The signals groups feed on your cash and thus run a shady scam.

I dont know how much your trust your "friend" - but this is not the first time I hear someone join a signals group due to their friend's suggestions and then forced to get into their "paid" segment.

Being honest, trading needs knowledge and skills that only a trader can learn by their own efforts not by copying others. Besides how can you trust someone else with your money in this sector where nobody is willing to show their real faces?

But this is how these signals groups make money. They sell memberships - but there is no proof or so to make it sure that buying a membership means you will profit. These groups are also the source of coordinated pump and dump schemes.

Like others have said here, the short answer is No. If you want to trade, learn it yourself. If you want to make a bot, develop it yourself. Never trust others to do this for you even if you pay them.

First alt season needs to happen then they think beyond that.

Mostly the traders who are looking for alt season are those who never wished they got into that altcoin. So there starts the endless cycle of despair.

Point is that bitcoin being high made the altcoins rise too. In case someone makes a profit by selling at that time they call it alt season. At the end of this "altcoin pump" there will be an inevitable dump and the prices of altcoins will go back down again.

If it goes back up again, which rarely happens, count your lucky stars and sell off the rest of your altcoins and get rid of that cesspool in your wallet.

Did you think of this: If the stock markets crash the money that was owned in those assets would be "lost". Therefore there will be no more money to enter a new market, in this example, into the crypto market. Hence your statement is incorrect.

I still dont understand why some people keep thinking of crypto markets and fiat markets to go against the movement of an economic crisis - they dont. Rather in case of a crisis they both drop. Sometimes we might see opposite trends but that applies more to fiat vs precious metal market. All in all, you cant compare the two to move opposite because the source of money is still from fiat and if one crashes, the other will panic and sell.

Also dont forget that crypto owners that can be classified as whales also own a lot of fiat market assets seperately.

Important unsaid rule in crypto trading - You dont read alert tweets, you ignore them.

Whales or "so-called" whales often post such tweets, but their intent in to generate panic in the market. Always remember that nobody on the internet does anything for free or for goodwill gestures, there is some motive behind it.

In crypto this is very specific because a market movement as to liquidation of assets from a "hidden" wallet means that market will crash so that people buy the currency - that is the mistake the people running this manipulation want you to commit, so they can sell their holding and profit from your loss.

In general if you ignore these type of tweets, you will be safe. Try to use the currency movement in the market to advantage, not the stuff posted on shill breeding grounds like twitter and reddit<these social media are the online cancers.

With all due respect that is not "Mistake". Calling that a mistake is a big lie that some projects have in the past, as you have noticed done and have been caught here.

Most of them even said about having changed the whitepapers after getting caught, which is very suspicious because why would a project copy another project's whitepaper in the first place? Sure bitcoin is open source, but that does not mean the roadmap of another project is going to be same as bitcoin - that is bullcrap is you ask me.

Projects like these are not to be excused at any cost, they are the reason the name of cryptocurrency has been tarnished from time to time.

Metamask is a browser addon for helping you send coins from a MEW wallet. It works with both CEX and DEX more useful and safer in case of a DEX.

DEXes usually have a lower liquidity and lack of Ether token to BTC conversion opportunities. Still you can use Metamask to send tokens between DEX just be careful of the site where you are exchanging, there are many phishing sites out there. For sending to a CEX it is just like sending bitcoin from your wallet to exchange.

You mentioned the word "altcoin" - let me remind you of the jargon here, altcoin refers to any coin other than bitcoin. That includes all ERC20 tokens as well. Metamask and ether wallets are only for Ether and ERC20 tokens, meaning a subset of the altcoins.

If you got any specific question though, let it be known.

No information about the team running this ICO plus a copy pasted whitepaper. Only indicates towards a scam. They have a youtube channel as well with a lot of subscribers but no content on their channel making it suspicious that they are having fake subscribers there.

Putting up social media links with zero content seems to be the norm. Of course the scammers are in a hurry to make money, they dont bother doing all that work. Their twitter page is filled with posts for sales but no words from their owners.

Telegram channel has 17k users, with some gainchain related admins, but no proper names or pictures of them.

All this makes the project a highly suspicious one. Hoping to see discretion among those who are taking interest in it, on reading the above post.

This is called buying low selling high + buying back at low. It is a good strategy but let me remind you of some things that are theoritical here:

1. 200$ to 100$? this means the change was 100$ which is 50% of 200$ - means the market price dropped by 50% this or the other way around that is rising from 100$ to 200$ which is another 50% gains - such high changes are very less in any year compared to small percentage changes.

2. In order to capitalize on small percentage gains you need the exchange fee to be low otherwise you get deducted on a lot of possible profit.

The strategy is doable but only when the market move percentage is high like in the example, but in reality it is rare. So you are correct that to profit from this your better move is to buy and hold to sell at a bigger profit percentage compared to the buying price. Basically holding for long term.

Support is known to be slow so you should open another ticket just so you can nudge them again for taking a look into your case. In future let the support ticket resolution speed be a determinant point in choosing an exchange.

In the mean time double check your wallet addresses and that you have sent the coins correctly to the proper deposit address. Sorry to say but outside this you are a bit out of luck here.

Hoping to see your case resolved soon.

See most people have heard about mining the second they start looking for methods to earn bitcoin. Happened to me a couple of times when close friends who have been trying to enter crypto, ask me if mining would be a good thing. I immediately correct them saying that mining is no longer profitable for an indie miner with a single or couple of ASICs, one would need a huge number and landspace for that.

But then they immediately get links on internet about Cloud mining sites - the point that pops up, is if they cannot mine on their own why not hire a miners that someone else owns and buy a share - specifically what a legit cloud mining operation is supposed operate.

I am not sure how we can change this mindset, by telling them what you have said, the immediate response is "Bitcoin is too expensive even if I buy only 1/100th of one" - and I dont disagree, it is expensive for the third world country users now that it has crossed 50k USD.

Anyway, good job finding and posting this, hoping some newbies get warned of the scam these guys are running and advice people to report the same to the registrar so the site is taken down quickly.

Countries where bitcoin is still a grey area might need further improvements regarding the stance of bitcoin. Of course the North American continent countries are using crypto more than their asian counterparts. We have Bitcoin ATMs in USA maximally, the only one that was set up in India was taken down by the police, but possibly it was a genuine money laundering case.

But with Paypal, these countries may have an boost on bitcoin trading bans.

It has both its good and bad effects. The pumping of bitcoin drove the price up but this became an inorganic growth. A support level might be much lower and hence a sudden drop can happen at anytime if there are no support levels already built. They get built with gradual price rise not sudden price rises over a few weeks.

Me cant say, possibly this can be only in South Korea , but only their natives can confirm.

The words "tax evasion" should not be taken lightly though. The government runs on the money from the person living on it - that is the point of taxation. Pretty sure the companies running there are on surveillance but not enforced since they are registered there.

The more people attempt to use bitcoin as a tax-safe haven the more crackdown from governments and non-lenience from them towards bitcoin. Such a stance is selfish from the perspective of others who are not into bitcoin yet, maybe willing to.

Price will defenitely rise but one bad thing that is noticable is that only big names like Musk will not do the game. More people from different sectors need to push their governments to start accepting it then only we can reach 100k USD/BTC price.

But even before that I would like to see the stable 60k holding price.

The word came from "Esteem" as far as I can remember. It was supposed to be a blogging platform which would reward the bloggers to post content and depending on how much upvotes the stuff accumulated, they would be getting a payout. It ended up being a circle jerk for some users who promoted their content with paid higher ups and so on. This type of a blogging site could have been much bigger but they had to go towards to nepotistic type favoritism gradually.

Never heard of "Steen" But keeping to your post, Steem is an Altcoin along with SBD which you need to cash out steem - something like that, I am not completely sure of how SBD and Steem are used.

Check here :

https://www.coingecko.com/en/coins/steem#markets

Coins are locked not lost. There is a difference between the two.

There must be a reason why they are rejecting your KYC. There are so many users on this forum who are using them regularly and not having much problems.

My guess would be that you are trying to cheat the system by some manner and trying to use tainted money sources to spend. This would not be a surprise as to why they are rejecting the KYC and locked your account.

If that is the case, no need to be angry but accept your cheekiness and start a new account with clean sources of bitcoin to trade on.
If that is not the case, then only the support on LBC can help you.