Why do some go above and beyond what is even actually required?
Also, which ones ask for the least amount of KYC?
Honestly the real answer is that KYC is something governments ask from exchanges and it is not something exchanges want themselves which means it all depends on what they were asked to get, that's it. However reality is that, you do not have to use KYC for most places if you can stay under certain limits and I try to abide that as much as I can. For example, there are exchanges where if you trade under 2 bitcoin that would mean that you do not have to give your KYC and 2 btc is not an amount I ever had, so that means I fly under the radar and that's fine by me, so I do not share my KYC with them. I never really understood how people imagine they could stop money laundering on crypto by simply putting KYC there where in the real world HUUUUUUUUGE banks like HSBC and Deutsche bank end up laundering money for criminals in billions of dollars worth. |
|
|
|
Maybe that is worth it, but it is hard to find a legit trading signal because the paid trading signals are only available in a limited number of people in a group as far as I know. Not many of them will want to share legit information about what coin will increase or share their analysis with the members. I see many groups in the telegram use people to attract them to buy a coin, and after the price starts to increase, they will use the benefits for themselves. So if you really want to use the paid trading signals, you need to be careful because there is no guarantee that you always make a profit from their signals.
That is the correct answer, is there a legit one? That's the real question. I mean I have used so many trading bots in my life, from 2016 to 2018 I have used maybe 10 different trading bots, some for long time because they were making money (thanks to bull run of course) and some were short because they made a loss. And I can tell you that most of them are not even legit, they are quite bad and that is why we are here and not making any money at all. This is why I think it is quite important to realize there are only handful of (maybe 2 at best) trading bots that really work, they work as in they do what they should, doesn't mean that they make profit, if what you programmed them to do doesn't work, that means they will not make money, but they at least work like they suppose to and you can configure them to anyway you want and they will do that without problem, even that is great in trading bot community because most can't even do that and give error. |
|
|
|
The possibilities of pump and dump is always present in any project, it's the investors who needs to seek for deeper information before investing
to any project, much safer in terms of avoiding being victimized by scam projects if you take time doing your own DYOR.
The thing about pump and dump is the fact that anyone can do that, to any coin at all, and that's scary. Even bitcoin could be pumped and dumped by big enough players, if a huge company gets in with 20 billion dollars by buying 100 million dollars worth slowly to not bother the market and moon it, then end up selling all 20 billion in one day, that will be a dump, or they could just buy 20 billion worth, make it go super high, everyone else will see that and join, and they could just sell it all and crash it while making profit from others hype about that. So basically any coin, at any time, could be pumped and dumped by anyone and that's risky. However we take that risk when we are investing, sure if you pick very high level ones at top 5-10 that would be good for you, but that doesn't mean that you are guaranteed to not get dumped on neither. |
|
|
|
It's all a risk. You just minimize it by keeping everything secure.
Yeah instead of looking for a safe strategy, it would be much better to develop our own strategy to minimize risks. If there would be any safe strategy available for trading cryptocurrencies then everyone will be using it which will again lead to no such strategy to be existing. Finding a strategy which will be eliminating/minimizing the risks in crypto trading would be the better strategy to safeguard the capital. Is there such thing like low risks strategies? If yes, what could be an example of that?
A well-known low risk strategy could be holding for longer duration. Many people are becoming rich just because of holding but for years. You may look at them and you may copy them. |
|
|
|
I knew I was right around 99% crypto, but I actually took a second to calculate it and I'm only 0.1% fiat, 99.9% crypto right now! Granted I'm very low on cash right now haha, gotta cash out a couple thousand dollars worth of staking rewards to pay expenses this month, and generally I want to keep 0.5% in cash for my emergency fund. But this just got me thinking, for anyone willing to share (just percentages, no raw numbers) where do your net worth crypto/fiat/anything-else percentages stand?  Anyone else gone full bore into crypto as I have? Believe me or not; I am 100% in crypto and 95% in bitcoins and the renaming are in altcoins and out of that I may hold 0.5% in stable coin as I am making use of stablecoin for P2P transactions. My employer pays me in bitcoins and my signature campaign earning is on bitcoin hence obviously all my networth are in crypto. But the properties and some stocks which I got by inheritance are my other saving which I never consider as liquidate things for any emergency need. I am able to convert my bitcoins into fiat in less than 2 minutes which is another reason why I keep all my saving in bitcoins. I just cash out whenever I need money to pay my bills and for any other expenses. People are debating about bitcoin to replace banking system but in my view it is already started happening in my life. |
|
|
|
if we look at the past halving, both the first and second periods occurred at the end of the year after that, at that time in November 2013 and December 2017.
then with the third halving in 2020, it is certain that it will reach ATH at the end of 2021 but it cannot be predicted in what month. but this indicates that the increase in bitcoink if it does occur at the end of the year will certainly be of extraordinary value. we are waiting for this to happen or not.
Yeah, we cannot predict exactly the time frame of occurrence of ATH but as per past bull cycles, we may assume 3rd quarter of this year is having good chance to have the new ATH. When the help of timeframe and price levels, most people are trying to make use of ATH to short their stash so that they may buy back to multiply the number of bitcoin holding. I wished to do the same in 2017 but due to fear of loss, I did not touch my bitcoins and simply continued my holding. But this time I may take some calculated risk by selling some 5% of bitcoin holding to buy back when prices crashes at least 50% (usually bitcoin prices do crash 70% from ATH), so that I will add some extra bitcoin into my stash. But I will not touch my bitcoins if prices are above $100k by end of this year. |
|
|
|
If bitcoin prices stay at 60k mark for a week, I am pretty sure that it will reach 70k mark real fast like what it did when it was around 20k
It is already testing $63 marks hence we can expect to breach $70 marks within this week. Yeah, it is really moving fast but in percentage wise, it must be usual movement; an asset with $60k price level moves 5% a day means which will cover at least $3k movements and that seems too faster for all of us. We may see a huge bull of another few more months, very likely this whole year. If he is true (till now, he is very true), I think we will soon see the $100k mark.
$100k marks seems a definite target for right now but the real concern would be what would be the price range by the end of this year; because usually by year end, bitcoin markets set its ATH for next 3 years or until next halving. So, I am curious how far this bull run will reach. Like most other people speculate, I am also confident about testing $400k levels before end of this year. If we reach $100 within this April then $400 will be possible before end of this December. |
|
|
|
If bitcoin prices stay at 60k mark for a week, I am pretty sure that it will reach 70k mark real fast like what it did when it was around 20k
It is already testing $63 marks hence we can expect to breach $70 marks within this week. Yeah, it is really moving fast but in percentage wise, it must be usual movement; an asset with $60k price level moves 5% a day means which will cover at least $3k movements and that seems too faster for all of us. We may see a huge bull of another few more months, very likely this whole year. If he is true (till now, he is very true), I think we will soon see the $100k mark.
$100k marks seems a definite target for right now but the real concern would be what would be the price range by the end of this year; because usually by year end, bitcoin markets set its ATH for next 3 years or until next halving. So, I am curious how far this bull run will reach. |
|
|
|
It's a crazy world we're living these days. People are willing to pour money in things that are worthless. Paying thousands of dollars for a Tweet "immortalized" on the Blockchain? Now that's insane. I wouldn't waste my money on things which don't have any intrinsic value. Things like in-game items and certain digital collectibles will be the only types of NFTs that will become valuable in the long run. My money is on Topps' NFTs, CryptoKitties, and virtual properties on Decentraland. I have faith that these NFTs will become widely successful in the long term. That is if adoption for NFTs continues to grow in the mainstream world. We're going to have to see what happens after the hype comes to an end. Nonetheless, it seems to me that the NFT bubble will last for quite some time. The hype could go all away once the pandemic comes to an end. After that, only legitimate projects with valuable NFT offerings will stay. The rest will go down the drain faster than you could've ever imagined. Expect governments to regulate the industry once scams grow out of proportions. This should give NFTs some level of legitimacy in the mainstream world. Who knows how far NFTs will go in the future? Just my opinion A friend of mine who was very interested in NFT's explained to me that it is like an art, and even though I still do not understand it, I at least could understand other peoples points that way. Think about it this way, mona lisa worths money right? If it was ever sold, it would be sold for a lot of money right? Well that means art has value, not instrint value because it is not based on any financial data but it has value in some people, if you were to sell Mona Lisa today, it may make as much as a billion dollars, maybe even more who knows, because it is the most known painting in the world. NFT is similar, the idea is that this worths even more than a painting most of the time because it is brand new, painting a picture has been around for centuries, hell if you consider cave drawings we could say millenias, but NFT is brand new, so you are getting in part of a new ART form and get the freshly made ones that could worth a lot in some decades. Of course I still wouldn't spend my money at all, but I understand why others do. |
|
|
|
Hello Guys what you think about bnb.can bnb hit 1000$ soon or not.i think bnb hit 1000$ soon. Plz give your opinion.
It’s possible for the BNB to reach that high price, the market has been bullish and especially altcoins has been making some really big move. If you have already invested all you’re going to have to do now is just to have patience because for BNB to reach that $1000 is something that’s not going to be happening in just a day, it’s probably going to be taking a long time before that time comes. Most of us already thought that the market would have dropped with how bullish it has been, and some were talking about correction, but since that has never happened till now, then we should be looking forward to more of that increase, and with more of institutions becoming part of the community. |
|
|
|
We do periodically adjust to the current market value but you are correct that it has been overlooked for a long time. It's pretty difficult to do when BTC is volatile. If we adjusted today and there was 30% correction tomorrow then we'd be making a big loss buying iPhones.
How many people actually did used their reward points for stuff like that? I do not mean the 25 dollar gift card type of deals because those could be very well redeemed and not a huge deal (except there is even 2000 dollar gift card so I am not sure about that one). First it is hardware wallets, how many times a month (or even a year) do people claim a hardware wallet from the reward ssection? I assume it must be a very low number to be honest, and how many people redeem mobile phones? By the looks of it you still have iphone 11 and I just wanted to let you know 12 came out a bit ago, but even with 11 pro max that doesn't look like a reachable amount of reward points, maybe it is actually cheap or expensive I do not know some people just have way too much money they gamble with, but I do not really know if it was ever claimed or not, looks like maybe a few times only? I assume zero could even be possible with the fact that reward points could be converted to cash. |
|
|
|
Arent these movements considered to be a bull run? The difference here on this current situation is that Bitcoin and only other top alts does really have significant move and the rest are still not making any move.
What are the levels whom you do consider to be a bull run? We are already here and i do rather believe that we are something near on the peak price which its not bad to consider on selling out some stashes at the
moment and making out some buybacks when the market would make out some correction.Dont rush up for this good bull run to finish because as of this moment, lots had been waiting out for such breakout
in 60k price resistance and if it does fail then its nice to see that it do keeps trying to do so.
I do agree with you that altcoins already had a bull run. The problem here is that back in the day when bitcoin stayed the same or went low (or even went high only slightly) altcoins could increase and have a bigger price. So, let's say a coin worths 0.001 bitcoin, it started to worth 0.002 bitcoin, now that's a bull run for altcoins. However over time people started to calculate even altcoins with fiat and that is the reality right now, we are in a world where bitcoin is doing fine and all other coins are doing fine as well, people have to realize that is the case and move on. Some people still think the old way and hope that altcoins will go up in bitcoin price but that is not what we focus right now, unfortunately those people do not see this, but they still do it anyway. I guess it has to be something a bit more clear for these people to understand it, and only will happen when altcoins do not have a separate bull run. |
|
|
|
It varies , and let’s say you can make around 5% to 30% from trading in a month. You really have to put in some focus and trade properly to achieve something bigger. And also the market condition at the moment can as well determine the level of your achievements, there times the market will be bullish and at that moment all your trades that you place will be bringing in profits and that’s a plus for you.
If you’re just going to be HODL’ing,then that’s going to be a different case, because you can stay a month and not get any profit until the market starts growing.
Yeah, that is why we calculate yearly averages. In finance world people talk about yearly profits, look at all the companies who do profit sharing like Berkshire Hathaway or any other company, they talk about their annual return rates and how 10-20% is good for them because that is what you can calculate, monthly is too narrow to talk about. If you can make about 20% yearly, that is actually not bad, people talk about it like it is nothing because we are in crypto world and honestly people can make more than that in a day in some stuff, but the reality is that if you can consistently make 20% every year for 20 years you can retire. A guy who starts working at 22 years old after college puts up about just 50 dollars per month into investments and does that with 2% increase per year (so second year it has to be 51 dollars) that means with 20% return he can retire at 40 years old or so, that would probably be enough. |
|
|
|
Precisely what makes many people interested in crypto is the high level of voting. there is no control and everyone is free to buy or sell. if you mean everyone has a limit in purchases, surely the increase that is happening now is not high. Elon Musk, Micosoft, Paypal one of the big companies making large purchases is a positive thing. for dump and also FUD that happens all depends on each person reacting to it. Sometimes the dump that occurs is just an issue that makes traders panic and the whales can buy cheaply
That would be idiotic for a place to do of course but we are talking about exchange and not bitcoin. You are saying bitcoin is free and that's why people like it because there is nobody controlling it, there would still be nobody controlling it. There would be exchanges putting a new thing in there which would limit your buy and sell of bitcoin but they would not be controlling the bitcoin itself, in a matter of speaking they would be controlling you and what you do with your bitcoin, so there is a difference, if they were to control bitcoin that would mean stuff like moving bitcoins around from any wallet they want, seizing bitcoins from others wallets, printing more bitcoins, taking from you and giving to people who have more, these are all the things governments do for fiat currency, hence it's not a shock that bitcoin would be like that, but it's not. I still think that limiting the trading would be idiotic as well of course. |
|
|
|
According to crypto predictors, it is possible for an ethereum to be $ 100.00 because if their ethereum v2.0 project is evaluated, there is a good chance that many investors will buy ethereum again because the ethereum gas fee will be cheaper and many more it will be a big problem for investors to have an expensive gas fee because if they have a small investment budget and the gas fee is expensive, they will only lose more.
Who? Who are these predictors? ETH 2.0 will be awesome and ethereum will go up for sure when that happens (unless we are in a big market crash of course) but the fact is that we are not anywhere near those levels even if eth 2.0 happens, who says we will be? Realize that bitcoin is barely 60k, that's all we reached with bitcoin and it is about 5 times bigger or even maybe more than ethereum, if it's there like that, think about how hard it would be for ethereum to be 100k, that would be insane. You are talking about nearly gold market cap level of prices for ethereum in a few years, that's not going to happen at all, we are not going to see that. Of course it will go up, of course it's going to be a higher price, but it's not going to be 100k, maybe about 5k that would be more realistic and it would profit people who hold ethereum. |
|
|
|
I don't see how this can be sustainable if everything goes up, not matter if it have any real value or not.
That depends on the bitcoin and i should remind you that when bitcoin can sustain even longer and altcoins will be following it but again only altcoins that have very good fundamentals can sustain from the dump. The bullish trend is also happening with some altcoins but it was going down again. The pump can sustain even longer when altcoin has active development progress. That being said altcoin will determine its future. The real value will come from the result of development progress. I think the dump will not happen anytime soon but when it happens even the good altcoins do not survive it. Ethereum is the second biggest coin and has been very a very long time and it was 88 dollars at the bottom, before the bull run happened last year it was around 130 dollars, so I can easily say that over 90% to 95% fall is not something that second biggest coin should have endured. I understand that people may not be increasingly happy with what they have, but that is going to be something that we will have to live with no matter what if the dump comes. ETH will be very low, BNB will be very low ADA will be very low Dot will be very low, all of them will be very low without a doubt. I understand that people have hopes that their good coins will stand and not drop as much as the other ones, but that's not true, all coins will drop if a huge crash comes. |
|
|
|
Hard to follow traders, I've learnt my lesson following my own picks in the ICO days or copytrading tactics as most professionaly would call it. It looks nice and works very well until the guy you're copying starts to make bad calls, as they eventually will.
It's not the best way to make money and for sure not the best way to destress. You have to keep watching in this game, and it always falls apart sooner or later:)
That's correct, if you are copying someone else, it could work for you only if you know what you are following, if those people are actually doing something that's profitable and you learn how they are doing it, that would work for you, of course that means you have to be able to talk to them, it needs to be a group effort. I have someone like that, he shares his picks and his trades, but we asked him what he picks and how he picks them and why he picks things and how he trades etc etc so we asked him a bunch of questions. Nowadays our whole group makes their own trades based on what we learned from him and even without him sharing we find stuff so he is no longer sharing so much, he just agrees or disagrees and shares why he disagrees but that's about it. If you can use it that way, you could actually make a profit from these things but that's about it. |
|
|
|
|
You guys know what I am afraid of? I think Lakers or Nets or maybe even both of them could miss the finals, I mean it is NBA and we have seen crazier things right? Sure they look like they are the most possible teams and when Lebron and AD comes back to 100% health Lakers will be too dangerous, and when Nets have all the players finally healthy they will be too.
However I have this feeling in my gut telling me that there will be some injury, some mishap, something and these teams will not meet in the finals. That's just something I feel, obviously if we have 100% healthy all players these two teams would be near impossible to beat, so there is a big chance they will make it to finals but who can guarantee that an injury will not happen? I do not think that is possible, which is why I think it's quite possible that we could end up seeing some other team there.
|
|
|
|
|
Show Posts
