Definitely for a regular trader, there will be no need of having more than two exchanges. Only for the bounty hunters, to convert their rewards into bitcoin/etherum/fiats, must be needing lot of exchanges because the new tokens/coins are not getting listed into famous exchanges but in the new exchange and also all the coins/tokens are not getting listed into few exchange but into multiple exchanges.
I believe, ICO bounty hunting days were gone and people are no more needing multiple exchanges for their encashing purposes. Only for making money out of their technical skills, some new traders must be looking for exchanges and most other people are sticking with where they are already finding them convenient and comfort.
I mean to say OP's article is not an attractive one due to the reasons I have mentioned above or at least for me with respect to where I stand on use case of exchanges now a days.
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Volume. Yes, it is the simplest answer on-which you must choose your coin for trading.
When you're focusing on high volume based coins then you can easily filter out the coins which are being pumped and dumped by its bag holders.
Moreover, I never recommend to go for daytrading even with high volume coins like bitcoin or ethereum because definitely you will get trapped because no one could predict exact reversal point of markets which is the reason daytrading is always a slow kind of suicidal. If you want to make easy money from crypto markets then definitely you must adopt the holding way of trading because it will definitely fetch you big profits over the time as we are still in early adopting stage of cryptocurrencies.
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May I know your trading apps guys, so that I can choose a better one trading or best trading app?
It depends on what you mean by trading apps. Are you referring to trading apps on mobile? If that’s what you’re looking for, there are a few that I know are really good. The first one is the Waves app, it’s available on both mobile and internet, so anyone that works best for you. Their mobile app is good for me and works perfectly. You will be needing their Waves to trade on the app. You should look more into it to understand. Another good trading app is Coinbase app. The thing with Coinbase is that it is a Centralized exchange and for that it is being regulated and is controlled by the US strict laws, the good thing about that though is that it makes it even more safe. Their app offers one of the best experience for mobile, and I prefer it over the Binance app.
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Maybe investors are not yet interested in it. The platform still released their services newly in cryptocurrency community, it might take time before they start getting investors that are interested in making use of their services. And right from time I wasn’t expecting the Bakkt to start a bull run, after deep research I realized that there is going to be a Halving and halving is mainly what causes a bull run, if you check the last halving and what happened after, you will get to know what I’m talking about. And also the CEO of Coinbase made mention of this in 2018 when he said that the price of Bitcoin will not go for a bull run, that it might even fall below $3000. We should look forward to the Halving and see what would happen.
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Is it possible that if cryptocurrency gets accepted all over the country, tether or any other stable coin will start creating stable coin for all the currency available in the world? I think they will go for that and create money out of thin air. What do you think? Will tether do that ever in the future once crypto goes more mainstream? Or govt themselves will create their own currency at the end? PS- Self-moderated thread to prevent spam.
Governments would only consider to generate their own stable coin only if the cryptocurrencies are been legalized globally. This seems a rare situation though. I think perhaps tether would launch many other stable coins which might be used for P2P transactions in each country. This might even get more reliable and a number of people who are not that aware about buying and selling cryptocurrencies would find a easier way to do so. This might be something which would be needed. There should be a stable coin for each national currency which would have the price same as those currencies. This would allow us to easily convert bitcoins into our fiat currency without paying excess charges.
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Are you kidding? BNB coin is used among the whole Binance ecosystem such as Binance Chain, Binance DEX, Binance lending and margin platform, also the number of BNB constantly decreasing so people are motivated to hold it. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Yes of course, this would never let BNB face any huge dump ahead. There already are a number of large scale traders who find profits by holding BNB into their binance wallets and this demand would remain constant until the binance platform is live and I do not really think that by any chance they would shut down their exchange. BNB would always have a increasing demand with the limited supply which would even be burnt in some amount so the demand would keep on rising for the limited amount of coins. This might even land BNB above $100 in these coming 5 years. There are no limits and perhaps we might even see BNB having a major pump in the coming times. BNB is a great source of investment.
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How could a project with such huge fund raised could theoretically fail? Well they've just got a good catch on the investors, and run with their money. The cycle goes on, sometimes the same team are on but they've got dummy accounts and mange to get people fooled. I only believe in project if they are willing do meet-ups, discussing future plans, aside from that in theses kind of situations where scams are rampant, I'dd rather buy a coin that is already stable and keeping updates to its' users.
Most of the times it might get challenging to identify such people with different masks on. There are a lot of scam projects in the markets and most of those have already collected some huge amounts which perhaps motivates others to launch their own scam project. That is what rises the number of scam projects into the crypto space. It is really sad to see the projects mentioned by OP collecting this huge amounts but yet not showing us any further development and such projects always land up vanishing from the space leaving no trace behind. That is the reason why I invest in minimum newly launched projects and mostly I try to avoid those until and unless I find a attractive project to invest into.
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Is it possible that if cryptocurrency gets accepted all over the country, tether or any other stable coin will start creating stable coin for all the currency available in the world? I think they will go for that and create money out of thin air. What do you think? Will tether do that ever in the future once crypto goes more mainstream? Or govt themselves will create their own currency at the end? PS- Self-moderated thread to prevent spam.
Government could create own currency but you can't call it cryptocurrency. Digital currency already available in several country. Next situation is about stable coin, why any government could do that where government can't control it or monitoring it. Almost 6-7 stablecoin already exists in cryptocurrency but any coin couldn't put control on government. Why would we need a number of stable coins over here? We already have some which are enough I guess. We crypto enthusiasts need coins having high volatility which would allow us to make enormous profits in minimum times. Such stable coins might only be useful to cash-out funds or shift onto some other coin but when it comes to trading, it would never be worth trading with these stable coins. This coins would be best if ever the government launches them but they might not really gain that demand if they are been launched in the decentralized space. We need highly volatile coins and not stable coins. Forex trading is always a option if you ever like stable coins.
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The real trick is, what will happen after the halving, that is the real question, depending on the answer it could easily go beyond $20k or it could go under $7k and we can never know what will happen until it is too late and already happened. What will decide on this is how will miners and traders react to it, depending on how they react we could definitely have a lot of difference in the outcome.
If miners are still making profit with $10k price for example (which they might, all depends on their hash rates to electricity to difficulty) they will not stop doing what they are doing right now, they will probably only focus on their profits and if they still profit that means they won't do anything.
Aside from that people who bought and expected a huge raise may end up not caring about all that much, which may end up with them selling because they are disappointed. These are the bad parts, the good part is if everything is in reverse, it may go above $20k as well.
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I've paid from my BTC wallet few times to the same reciever. The question is: Does he able to see that all transactions from me come from the same wallet? And what can i do to make him see all my payments as from different wallets everytime? Is it possible at all?
You should use some web wallets like blockchain which changes the address after each payment is received. I am not sure if you could change your address even after sending a transaction but you can surely create a number of profiles into the same blockchain wallet which would have different addresses on them. This might perhaps solve your problem but it might not get that challenging for the receiver to identify the relation of each profile and link those to a single wallet. If you are transacting with larger amounts and need some security with your address than you can pay some fees to various mixers and use those mixers to anonymously mix your coins before you could send them.
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Yes, you can buy an altcoin but you also have to be very careful with the altcoins you’re buying. Between Bitcoin and altcoins, choosing the right altcoins (I mean the ones that will moon this year) will get you bigger profit.
Whenever Bitcoin is going up altcoins do up more than it and investors make bigger profit, same thing for when Bitcoin falls, anyone that invests in altcoins will lose more. So that’s why you will have to be careful with altcoins, but there is still nothing wrong with investing your money. You can still go for the top coins and invest in them – like Cosmos, Ox, and Basic Attention Token.
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I need a list of Forex Brokers that accept crypto as a means of buying foreign currency. Please list them here. Thanks.
There are lots of forex brokers that are accepting bitcoin as their payment method and I only know about few of them. You can still do your research if you would like to know about them. There are brokers like FXTM and they are quite popular and are accepting bitcoin as a payment method. I have seen some reviews about them by some users and some people did complain about their services and them having static spreads. I saw a lot of complaints and its just a regular you would see about most of these forex brokers. Others are Hotforex and OctaFX. Never forget to do proper research before choosing any broker. Read mostly the reviews where they are rated poorly to know why they got such rating and whether its something you’d benefit from.
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Everyone has their own reasons as to why they would consider this as a good idea or maybe not. You know, the main idea of cryptocurrency is to create freedom and to eliminate the middlemen, and also stop the government from being able to manipulate money.
A cryptocurrency that will be created and issued out by the government would be lacking these features of a normal decentralized cryptocurrency and will be controlled by the government. I might say it’s a threat, because most people out there already sees Bitcoin as not being genuine and if the government should release their own cryptocurrency these people are going to adopt it for sure, and it’s going to win wide adoption than Bitcoin.
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LOL he’s just being so dumb. How can he be calling himself the creator of bitcoin when he doesn’t even have any proof that shows that he’s really the one? This man is really going to far with pissing a lot of people off. So, he’s trying to say that’s he’s been the Satoshi that was posting in this forum back then? Lol. For him to make us believe him he should gain access to the wallet that is owned by Satoshi and that way we can believe that he’s the one. He doesn’t even have the access to the wallet, and he keeps saying that he lost his keys which is quite funny. How can the real Satoshi and the founder of bitcoin say that he lost access to his coins? That’s ridiculous ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) . There actually would be a number of things which can prove he is the real satoshi but he never takes anything seriously and tries to neglect such questions. Even I laughed whole heartedly when I heard that he lost control to his real wallet which was probably the wallet been used by the real satoshi. He might even login to the real satoshi account on this forum which is inactive since December 2010. Even that might prove that he is the real founder of bitcoins but he has nothing to do with real satoshi and that is the reason why he keeps on neglecting such questions. We should actually treat this individual as a medium of entertainment and should only consider going through his articles on his websites just for fun.
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The main reason why facebook banned some of the cryptocurrency advertisements was only because of the increasing number of scam projects into the ICO industry. These scam projects usually utilized facebook, instagram, etc to attract a decent amount of investors by showing them immense profits and a number of investors lost their funds in such projects.
Hundreds and thousands of people might have reported these kind of acts to facebook which forced them to ban the cryptocurrency ads. They have recently started developing Libra coin which would indeed be their utility token and hence there was a need to uplift this ban. I can't see anything erroneous.
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I guess everyone has one that is out of top 50 either they already invested or at least in their minds. That is what a top 50 coin is all about, some people do invest to it but not with all their money, they invest into top 50 themselves probably even top 10 more likely, however a small tiny portion of their money may go to out of top 50 ones, that is because they think those ones have higher chance to 2x their investment very quickly.
Even if people do not invest into out of top 50 ones, they try to take a look at it, I personally have one for example that I keep looking at that I do not invest because I am not entirely sure if it would be really good or not and that is why I do not invest to it but I keep checking it. Top 10 is the real deal, out of top 50 is more like dream thing.
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I would say charts are great examples of what should happen but also they could never predict the future in a unpredictable market which means that anything could happen instead what should happen and that is why I think if we were to drop that much, we can't go back up that fast since the psychology of human mind doesn't allow it to think that much volatility that quickly.
If we went up 25%+ in the recent months and then drop 25% in the next week, we can't simply process another 50% increase following that, we have never seen anything that moves so radically before and that is exactly why we wouldn't be able to do anything about this if it were to happen and would not follow the charts and what we should do and do something wrong which could make the chart wrong.
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Sometime this is very painful when we are expecting a very positive, a very aggressive market but suddenly we see the whole market have crashed and all panic selling start. Here is what we need to do, - Sell our Coins and be safe
- Wait for a little bounce back and exit
- Let it be and remain Relax
Keep relax i think is the main key, because although you are an expert, if you panic your skill wouldn't really helpful. If me maybe from that option, relaxy is number 2 because i will be panic. Not means i can't give suggestion because no need to do that thing first if we can give good suggestion for other people. If me i will sell my coins first because sometime i afraid if the coin keep dumped. You would need some deep research to identify the dump or the pump. There are different types of markets and hence our strategies vary depending on each of these markets. In spot trading we could try to hold the coin until we see the price getting back to normal but in case of futures or margin trading, you have to sell your coins at loss if the price starts descending or else all of your funds might be liquidated. So it entirely depends on the markets you are trading. Most of the times, try to avoid selling at loss because these losses can add up to be a major loss ahead. You have to change your strategy if the markets are moving in opposite direction. Try to find profits in small dumps and pumps which can cover your loss.
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Altcoins looks like attached to bitcoin this time around, I know we are not used to it but I have seen multiple times when all of them went up together and all of them went down together with bitcoin which means after the halving if bitcoin goes up, maybe altcoins go up as well?
I mean we can never know that and I understand if people have any fears about it, I would totally have the same in any other instance but it looks like halving could be something different from all other reasons of bitcoin going up, this is more of a fundamental reason to go up so I can't really say it will be like any other. I still think it won't be overnight tho, I still think it will take 6-12 months to actually peak and be the biggest it will be after the halving happens.
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I'm not sure why people are looking for another platform for their small contract needs after ethereum. Because technically ethereum is too sounded one and if you're looking for investment purposes then you do not need to narrow down your research in terms of more contract platform.
I believe this must be a bad assumption that people are looking for smart contract platforms based coins for their investment purposes because it will be having bright future. Fortunately ethereum was able to hit $1100+ price levels because it was having less competitors at those times but that is not the signal like there will be another smart contract platform based coin will be scaling like that. That ear has gone. We must wait for another technical revolution.
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