If I were to choose between cashless or cash, I would love to support cashless fully. I'm somehow doing it now with some exceptions of stores that only accept cash as payments. Mostly you could see businesses starting to accept electronic payments, and maybe it would be widespread even more. There are a lot of complications when it comes to the older generation, but I think it can still be done. Anyways, I disagree with the parts - You may spend more
- Small transactions are tricky
For spending more, I think it applies to credit cards as payments but not every cashless method. In which debit cards and crypto would not make you spend more because you can't lend from it. For the small transactions, isn't it even better? Because no one would need to give you change because you will always be paid in full even with cents, etc. It's better for small transactions unless it's crypto P2P unless you are a member of the same custodial wallet. |
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I'm assuming you mean that the prices change while during a cycle? That's one of the things I was slightly confused about. If the bot starts a cycle and isn't able to complete it, would it simply try to revert back to the original currency, or does it continue the cycle at a loss. I'm also not sure if it's the bot that performs the transaction, or rather it simply alerts me of the opportunity and I have to do the cycle myself. Thanks for your offer for help.
Yes. The price changes in the market during the cycle. The "opportunity" for arbitrage is gone due to the fast price changes in the market. You have a choice whether you want to revert back or just put a limit order to make sure there's a profit. The factor there right now is the time, how long it would take to get back the limit price that is ordered. For the reverting back of the currency, there's already a concern on the fees as well, so a loss in there already if you want always to revert back or just wait for the orders to be filled. Alerts in bots wouldn't be helpful because opportunities of arbitrage are quite fast in the crypto market; you would need it immediately to execute the trade and not wait anymore. There's also a setting in Gunbot in which you could just choose to market order so it would immediately execute the trade. So there is a factor in the price, and the exchange order book on which what is the "market price" at that current time. The best thing to do for that is to have a blazing fast connection between your exchange and your server to have more rapid trades as well. |
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As a user of an arbitrage bot, it depends on the market condition, whether there would be a big market difference between different pairs in the exchange. It's definitely possible, but remember that other people are possibly using a bot too to arbitrage the market, so it's a matter of how fast you are going to make the trade and how much you are going to risk. Risk by holding a bag in which you cannot sell anymore in profit due to the lag in the market price changes. You should be wary of which bot you are going to buy if you are ever going to. It's best to research beforehand the reputation of the bot and if it's good as well. You could try Gunbot if you are interested in a trading bot. The community is excellent, and I would personally help you set it up as well. Don't hesitate to PM me for more information about it.
If these bots works as they claim, why would they be selling it rather than using it themselves? It would make more sense for them to just run it and keep it a secret right? Also these bots do promise for profits so I'm not too sure yet.
Those who are promising profits are definitely the ones to scam you. A lot of these bots post screenshots of their results, are they faking the screenshots? It seems like an easily automated process if you can figure out the technicalities.
The representative of the bots in which they are "promising" profits are the ones who are likely to fake those screenshots. The setting up of bot is the easy process but the technicalities and the code are not. There are a lot of things to consider when you are going to use a legitimate bot. |
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I like what #7 saying, everyone has their own opinion. Everything should mostly be taken with a grain of salt. They would say anything that they think is viable and would only stick to their beliefs since that's what they already know. I feel as members of the crypto community, it's best to convince them that "if" they have a negative view on crypto, it's up to us to turn it into positive.
The rules presented here are not for newbies but for people who are already involved in crypto, not the ones who are just getting into crypto. Don't immediately believe everything you read, but keep an open mind still; just don't fall for scam tactics.
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The fear of sending BTC, especially if it's a significant amount of coin would always loom over your head, knowing that if you sent to the wrong address, you can't get it back easily or lost forever. For the validation part, I don't think it's currently needed. It's the users part of the process and it would be better to do it on your own rather than a program. What exchanges or wallets could do better is to have a last "preview" of the transaction before sending it to the address. I triple check it most of the time to calm my nerves but I think that kind of technology is not a priority right now.
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I have never thought of this, but it's something to ponder about. I don't think you would need to worry too much about it knowing that you have no choice in where it will come from. There is specific stuff to consider. - First, if you manage to get your hands on dirty bitcoin, it's best if you get rid of it as fast as possible and maybe use mixers to "white-wash" the coins. There are still risks that you can encounter and make sure that in your jurisdiction, mixing is not considered a "money-laundering" thing.
- Buy from reliable resources so you would have a great chance of getting clean BTC.
At this point, you would know that the "anonymity" that we all want from Bitcoin is almost gone now. Reference: https://utorg.io/en/blog/analytics/gryaznye-bitkoiny-i-kak-ot-nih-zashchititsya |
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Who knows by law whether it is possible to organize bets in Ukraine?
I don’t know the actual situation with Ukraine, but in this Google search, you could see that it was considered illegal because of a tragedy with a casino That was set on fire, killing nine people. And it states there that it was a glaze just recently back in July 2020. I don’t know if this is reliable, though. You might want to consult a lawyer there or something for the legalities. https://en.m.wikipedia.org/wiki/Gambling_in_Ukraine |
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You are talking about these two, right? https://allbullish.com/homePennywise wealth Investment (site is down) Let's take it one by one. Allbullish - the website offers 17% daily. Immediately, that kind of return is too good to be true. A sign already that It's a scam, with different packages, and you need to invest 1000 to be part of it. If you ever invest in this kind of stuff, just say goodbye to your money. For Pennywise wealth investment thing, search results automatically say it's a disgusting scam. No need to point out more. To make sure that you are investing in the right projects, it's best to stick with Bitcoin and trade. Most of the projects created today are some kind of scams, and it's hard to differentiate between the legitimate ones and those who are not. |
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Oh, so bitconnect wasn't a scam, onecoin wasn't a scam because people should do their own research first, and "developers" are allowed to do anything they want.
Where is the part I said it wasn't a scam? Please enlighten me. All I said there is that they can dump whenever they want because they can and they have coins. Developers of legit projects can do that too, but do they? That's just the difference Scams = They dump Legit ones = They HODL since they believe in their project P.S. I don't defend anything, I'm just telling the truth of what developers could do. What matters is what they do with their power. |
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I was actually curious about how much a person could lose money in gambling. I think those people who have gambled and they are in the list, they could afford it. Imagine someone gambling their life savings and hoping for that big win and then losing it. It's not the best idea to have that dream of financial freedom. I was intrigued with Akio Kashiwagi due to his story. Researched him and found out that he is a "whale" in the casino scene. It's an interesting story with Trump in the gambling scene. It's a great read. The Whale That Nearly Drowned The DonaldP.S. If you want a better understand and pictures of the people included in the list, open the reference link from OP. You could read the whole article for more information about them. |
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If you ever believe that it would happen just because someone posted a coin here, I don't think it would be right to invest in that coin. If you ever want that type of multiplier, it's best to gamble compared to buying altcoins that might not never gain anymore.
I know someone who uses a type of strategy that invests like $20 on different shitcoins and hoping that it pumps. He lost all of his capital doing that. He never profited completely if you sum it all.
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You shouldn't invest in unknown coins that don't have any impact on real-life applications, knowing that the name itself seems odd enough. If you have the power and the capacity to have coins to some degree, you have the capability to sell it as well. So the owners of that coin would have dumped it because they can, it doesn't mean directly it's a scam. And if it is a scam, why would you invest in an unknown coin too?
This has been going on and on with different coins and different projects. It has been called ICO and some IEO. They can dump what they have on the market, and that's what they are going to do since they can. It's best to find coins that have value and a great developer that for sure won't dump on your face.
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I like this very much with the successful investor's lessons. Especially the first part because knowing that you have invested an amount that you are worried about, I think it makes you care for it. One of the main reasons that I think it's going to help you is because of the risk you are facing. It somewhat feels like you are gambling to something that you have more control compared to casinos.
Overcoming greed is the challenge because one night, you can have over 40% profit. The next day you can have -20% of your total capital. That's just the gameplay that you need to understand before dwelling into trading.
Overall, it's still best to have first-hand experience while you are learning from other peoples successes' and failures to know what you are going to do in the long run.
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Because cryptocurrency was being used as a medium of scamming, ponzi scheme or an fraud activities. This is why I as it is being drag always to these activities whether we like or not cryptocurrency is somehow now being called itself scam when which we know that it is not because we have this forum discussing about the problems and issues and we learned it here that cryptocurrency coule never be scam instead is just a medium of scam taking advantage of thr anonymity of the cryptocurrency feature.
That's just what I said, literally. That's what I hate about it. It's being used for criminal activities making it look like cryptocurrencies are used only for that, and it seems like it's not legitimate. And we all should know that with cryptocurrencies, except the privacy coins, it's pseudo-anonymous. It so sad that many people are doing this negatively to cryprocurrency well in fact the purpose of this system is to do a transaction while remain in anonymous to hide identity for those who do not want to identity to be revealed during the transaction. Well revealing an identity is an optional here in cryptocurrency and one can reveal identity if both parties in a certain transaction wanted to.
How do you even reveal an identity? LOL. It depends on what transactions you are going to do but anonymity usually is the best option for everyone, because of the privacy it has. I don't think it would be ideal to reveal your identity to someone over the internet. |
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In order to be sure that you have a not compromised private key you could do a couple of things like - Create your wallet in an air-gapped computer
- Use Hardware wallets (that's what you used already and you are pretty much protected already with that)
- Make sure that you only use a computer that isn’t infected with malicious content
- Update as much as possible to prevent possible vulnerability attacks
- Don’t Trust, Verify
With that, I think you are pretty safe with your keys. Don't ever lose your backup phrases and never input them to anything unless it's secure. |
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I agree, but the latest sell order on their book was more than 0.143. It is my market order that triggered that market crash. You are right about the limit position, and I did not know that, maybe next time (if ever).
At least we are clear that it's not the exchange site's fault. In a way, the smaller the difference between the current price and the opening position price that you have, the better the market orders that will come through. So ok, now you could argue it was my mistake, and I agree. But I can't think of this "market" button anything else than a money transfer button disguised as "market order".
This could serve as a lesson for you that you shouldn't act on it like you are gambling. Like a small change in price will immediately ”serve as profit” Have you seen the chart? If liquidity can disappear and reappear just because YOU are making an order, it's a more complicated way of saying somebody is stealing some money. You CAN NEVER VERIFY the liquidity of a market. All the orders you see will just disappear because you made a "market" order and reappear afterwards (and nobody knows who owns the bots on the other side). Plus they had a 100,000 dollars giveaway for first COIN futures traders in ADA (which was my case), and I did not receive a single dollar from that. But who knows? Maybe that liquidity just disappeared one microsecond before the promotion was closed lol.
Usually promotions like that require KYC, a minimum trade, possible referral, I don't know, but I don't think they will be running with your money though. Just a portion, LOL. I'm over with Binance. I think they should at least refund something.
It is sad that you feel that, but knowing that you admit that it was your fault and still blaming the exchange because of the lack of knowledge about trading, it says otherwise. |
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You are quite contradicting yourself there. Check the bolded area. I can see the image was not uploaded properly.
Well, I will write it here:
-I bought into the market in long position at the price of 0.14240 for ADA. I had exactly 64452.71 ADA.
-The current positions tab indicated clearly that I bought into the market at price 0.14240.
-I close my position at 12h:51 eastern time.
-Anybody can verify the price of ADA at that time. it was well beyond 0.143 during the entire time of that minute.
-And, the price of my closing position was 0.14111.
-So in fact I have longed ADA, the price went up, and I ended up loosing about 25% of my money at closing my position.
Your opening position of long is 0.14240 and closed at 0.14111. Definitely, you closed a losing position there. Upon reading more of your post, you said here. Although guys I will be informing you of what Binance final decision will be, but as far as I'm concerned, I sold that position with a margin of 20x, an entry price of 0.14240 and a closing price of more than 0.143.
More than 0.143? What is it really? If you pushed the market sell mode, it's going to check on what the latest sell order on their book, and that's where they will send your order through. If I were you, you should've just limit ordered your position to make sure that you are in your profit. |
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Those whom I know personally who posts in social media before haven't posted anything anymore with what they currently have. They have probably cashed out and said "boo-hoo" to the ones who invested in their "downlines." It's a freaking Ponzi Scheme, and people who get victimized by their closest friends shouldn't be friends with them anymore. They are just spreading false promises to the ones who are gullible enough to invest in it.
What I hate about it most is that the "cryptocurrency" term is getting damaged by getting particular association towards the words "scam" and "Ponzi schemes," which are nowhere near the truth. Cryptocurrency is a revolutionary technology and it's the bad people who tarnishes its name, not the technology.
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