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421  Alternate cryptocurrencies / Altcoin Discussion / Re: 90% Of Project Bounties Are Scams on: May 12, 2020, 04:28:31 PM
This is a big industry by itself right now, I do not really think that people realize how big the bounty world is when they are not checking each and one of them and there is no data that collects all of the bounties in one website. However this is over 100 million a year in general if you combine all of them together.

Hence, it is normal that 90% of it is scam when they are not either paying you what they said they will pay you, or even if they pay you the tokens they are usually too late and the price dropped like crazy and all of your work becomes 3 cents suddenly. If it was normal and legit, we would have seen millions of people applying because it is basically free money that you chase and that would get a lot of people who would want a piece of it.
422  Alternate cryptocurrencies / Altcoin Discussion / Re: How to survive if you lose more than 80% of your Capital? on: May 12, 2020, 03:51:00 PM
Holding would be great idea to make that money back but if you do nothing but just holding you are going to wait too long to make it back, especially if you lost %80 of your capital it will become even harder to actually climb that back straight up.

Just buy more, I know it is not going to make sense to go into something that lost that much money, you would think that why would I want to buy something that made me lose so much money, however one thing is for sure, if we are talking about a good coin that has a chance to comeback, that means you should buy from bottom as much as you can and eventually when it goes up you will be profiting from it. That may not be quick but at least it will be quicker than just keeping it and waiting for it to go back up.
423  Alternate cryptocurrencies / Altcoin Discussion / Re: Trying to keep life savings more secured on: May 12, 2020, 10:23:42 AM
This is about coinomi wallet, I came across few posts on this forum saying they lose coins in coinomi wallet, some said coinomi wallet team insert a backdoor in the wallet to steal people's fund, how true is this?

Second question is, can you get me the list of open source wallet since coinomi wallet is closed source? What about trust wallet is it truly an open source wallet? Thanks
I don't know about this, there are lots of people I see that usually hype that Coinomi wallet in this forum and other places online, but when I checked the wallet I had to uninstall it the same minute because I am a type of person that doesn't like wallets that seem to be kind of complicated, I always prefer the wallets that are simple and that's why I have gone with Trust Wallet.

There aren't such records as far as I know when it comes to the Trust wallet. Although that's not the only wallet I have been using; I have also been using other wallets, even the ones that are kind of centralized like the Xapo, Coinbase and Blockchain wallets and I have never had a problem with them too.
424  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin a Safe Haven Asset? on: May 12, 2020, 08:39:38 AM
Some people are going to tell you NO, and I know why; it's because they are fond of investing for a short term and at the end, since Bitcoin is a volatile asset, these people will end up losing their money. Well, if you ask me, the truth is that bitcoin is a safe haven and that's only for a long term and not short term. If you're going to be investing in Bitcoin for a short term, then you're not investing in it as a safe haven rather you're using it to make quick money which might not really work for you. Check out the bitcoin chart from 2008 to this 2020, you will see that it has been a steady growth from year to year.

The recent pandemic outbreak has proved bitcoin is one of the safest heaven asset because bitcoin faced a very big panic sell due to the pandemic but it got recovered in less than two months of time whereas most other big stocks yet to resume their recovery process.
425  Bitcoin / Bitcoin Discussion / Re: Another crypto youtuber given a ban for breach of terms of service. on: May 11, 2020, 09:01:14 PM
So I'm guessing the algorithm doesn't like the word cryptocurrency and scam being mentioned together in a video or what? Because I'm very sure there are videos that talk much about scam but they have not been removed from the YouTube platform. This has been something that is targeted at cryptocurrency YouTubers, because this is not the first time it is happening.

There has been a few channels that talks about cryptocurrency on YouTube that got their videos taken down, so this is not something new. And YouTube did apologize to all of them then and said that there is no way to recover those videos.
426  Bitcoin / Bitcoin Discussion / Re: 26 days to the halving left, what are you expecting? on: May 11, 2020, 05:56:37 PM
The way I'm seeing it, it seems like the rate of demand is really high because the price has been increasing.
If the demand should continue to be high and the supply is cut short after the halving, then there is going to be a price boom and the price will go very high.

But if that's not the case, then we should be ready for another decline in the price since a lot of miners are going to stop mining bitcoin because they can't afford it since expenses will be very high and profit won't be able to cover it up. But that's not really problem, because I know if that happens, as time goes on the price will still grow again.
427  Economy / Trading Discussion / Re: He Lost His Investment. See what Happened! on: May 11, 2020, 05:59:41 AM
I will advise you to stay away from any telegram signal groups. Both paid and free because I have ones a victim of this. They use their member as a leverage to pump some random token when they already buy at low price. They have many similar groups and their signal are always coordinated so that they get the needed impact
You are absolutely bullseye there and these groups not just use people as a tool to pump a coin but they also take money from people to provide these details and if even they are able to pump up a certain coin, imagine how difficult it would be for them to continue it? I mean everyone would know that the pump is temporary and actually people would dump their coins as they see the pumping happening.

The only genuine groups are those who share tools for trading and provide some good articles, information how to read the candles and how to predict the market swing. There are such groups but they are hard to find, I was part of one such group but they limited to paid participants and turned shit in no time.
428  Economy / Trading Discussion / Re: Are you using a trading bot? on: May 10, 2020, 08:57:25 PM
Bots are always risky and it is impossible to predict the situation every time we need to adjust them based on the market situation, bots will be based on the settings provided by us, so instead of working on the Bots, it is better to go for manual trading it might help us to learn the technique from mistakes we made.
I have been always thinking the same too and that is the reason I never used any bots, the best bot kind of task I do is put trades on future price like if BTC drops by $100 I have a buy order for that and if BTC goes up by $100 I have a sell order for that. That alone looked to me like I am getting lazy and I better be making those trades myself and when I see people using bot to even make all trades, I feel like I am working very hard Wink.

I am also using Bit universe grid trading bots and the experience has been awesome. Hope we are still going to have similar things like this fro us to have choices. If there is any at present, I will like to have a look at them, quote and drop them
Something new I learned, please can you tell us what functions it provide and how it works? I mean I never used bots for trading because I felt like humans are way more superior to bots.
429  Economy / Trading Discussion / Re: Is day trading is good in crypto market? on: May 10, 2020, 08:20:44 PM
the best trade is to be patient. I feel that. however, I think daily trading is carried out by those who want to continue to produce assets every day. however, with these conditions, it seems like the risk to trade every day is quite risky compared to the long run.
Yes you are right but then trading for the long run might seem like investing rather than trading. I am not among those who trade too much but from my little experience with trading, I have noticed that no matter how easy it might seem to generate daily/weekly profits but it is just like gambling at times where you buy some coin and wait for the price to increase and if doesn't go that way you dump it.

The best option with trading I can understand for regular profits is look around the market and find a coin you feel has the power to go big and just have faith in your own assessment. Trading with bitcoins' price for day trading might not work and it is rather interesting to just invest.
430  Economy / Economics / Re: Virus Bear Market? on: May 10, 2020, 07:16:45 PM
If we consider most of the reports for whales wallet transaction, they are still holding to there coin till now, over 2½ years . Most trades are very minimal for whales, this ones are very rich and may never consider trading those small pump and dump. we always believe we understand the process of dump and pump of bitcoin especially, it is more than the technical analysis. Am very happy the pandemic came this year not 2021 which could delay the bullrun more than we expect. I believe we are still in the 4 year cycle.

Do you think the btc halving has already been priced in at near 10k?

What year are we in that 4 year cycle?
Honestly $10k price is a psychological barrier that we are having trouble breaking over easily for years now, no matter how many times we moved over $10k we have managed to go down so I really do not know if we can do it right now or it will be like all other times and drop down.

In the end I feel like bitcoin was already around $9.9k and it has dropped like hell, that is ~1400 bucks lower than the recent peak. I have said the same thing last time we were over $10k 3-4 months ago, I said that $10k is just a psychological barrier, technically speaking there is literally zero difference between $9k and $11k, they are all the same however for some reason people see $10k price and start to sell. That 5 digit must have some sort of psychological thing in people's minds I suppose.
431  Economy / Economics / Re: How many people have been panic selling? I didn't. on: May 10, 2020, 06:01:57 PM
I didn't sell my coins. Didn't need anyone to tell me that the fall was going to be temporary. I was already expecting the fall, there is a lot that happened this year especially the covid-19 outbreak and I knew that it was going to affect the Bitcoin price, so I didn't bother much because I already knew it was something I would be able to take. I kept holding my coins till everything happened and I'm still holding them now, and I'm happy that the price has been able to recover much.
That is nice for you that you have been able to hold with your BTC but that means that you are either too rich or you are holding a small amount of bitcoins because when the price dropped to half and went as low as $3500 there was a disastrous situation and lots of whales also dumped which actually made the price even fall down further.

There was a little drawback yesterday and the price declined to $8,900 but right now again bitcoin markets recovered back to $9250 right now. It is still going strong, and I'm looking forward to the Halving.
Imagine being noticing $350 swings but not cracking when the price went half of its value, I believe you are just holding a small amount mate because as a trader I was shaken and I have to admit, even I liquidated a part bitcoins I held because it was massive for me and even a 10% change makes me worried.
432  Economy / Gambling discussion / Re: 2020 NBA Season on: May 09, 2020, 05:17:29 PM
Lakers do not really have the cap space to get Bogdanovic on a free agency situation. So, either Indiana gets him or there has to be a trade. And in a trade situation I see Lakers doing much better, they brought in AD and Lebron already, so the people around them could always change, doesn't matter who it is, so they could just send like Danny Green without batting an eye lash or could even package couple of other players or even picks. They are full on "win right now right away" mode, and they were even playing good enough for a title run as soon as this year before pandemic happened.

I am not saying they were good enough to be champions without trouble, they would have to play teams like Rockets, Clippers and so forth to go to finals and then east champions which I thought would be Bucks honestly.

But, to be that good AND add someone like Bogdanovic would worth a lot of picks if you ask me. Indiana couldn't afford to give what Lakers would be willing to give, but if Lakers find it too much, Pacers do have a chance but they do not have too much to offer that would help out Utah honestly.
433  Economy / Gambling discussion / Re: CS:GO and Betting on: May 09, 2020, 08:40:35 AM
Actually that's true as I have seen a few teams playing very bad like Mousesports were so bad at times and I remember Ropz their team member had some internet issues mid game and they even had to take a pause to fix it. I feel like the LAN events are much more focused and team synergy is better while in online tournaments I guess they use discord for voice and another problem I guess is that while playing on LAN you can always look at your teammate's PC and look for enemies, it has happened many times.

At the same time I wonder if this is actually a very good opportunity for smaller teams as they don't have much of LAN practice and they are just used to of playing online and that might very well be the reason behind so many upsets and one sides matches.
434  Economy / Gambling discussion / Re: Crypto casinos pros and cons on: May 09, 2020, 08:00:36 AM
We are all here because we like playing with crypto Smiley
There are many advantages of gambling in crypto casinos, e.g. privacy and speed. Or something else?
But are there some disadvantages for you compared to fiat money casinos?
While it is hard to deny that online casino solves a lot of problems like privacy, the ease of betting at home, amounts (because in real casino you can't bet 1000 satoshi) but what I feel that is missing from the casinos that operate online is the feel that a casino actually is made for, I mean gambling and casinos were not made only for profits and losses but the main idea behind casino and gambling is fun and the environment that makes it worth loosing money.

I have been not able to visit any casinos during these times and now I feel the difference and missing that feeling, it was always worth to play online whole week during free times and on weekends I used to visit casinos and play some card games. I miss those days and that's the basic difference/disadvantage I can think of with online casinos.
435  Bitcoin / Bitcoin Discussion / Re: Google to Shadowban Crypto - Bitcoin will get Hampered? on: May 08, 2020, 08:38:50 PM
Are you sure about what you have written here? After reading this post I headed for the YouTube app on my phone and when I opened it I searched for some bitcoin related topics and they all showed up. So, how are you sure about what you have written here?

I don't think this is true. Maybe they did, but it's not every channel on YouTube that was shadow banned, maybe they didn't ban Bitcoin and other cryptocurrencies on their platform, they just blocked a few channels on YouTube, just like they did before, because I have seen a report like this before, I think that was earlier this year.
436  Bitcoin / Bitcoin Discussion / Re: Recent Corona Virus Scams on: May 08, 2020, 07:40:35 PM
I don't think these ransomwares and other bad applications will mysteriously have their way into our computer except you keep threading on the wrong places on the net, or maybe someone hacks your computer and install them, but I still don't think anyone would hack your computer if you're doing the right thing about avoiding bad sites. That I know for sure. Then as for the donation sites, it's up to you to avoid them by going to the right site if you want to donate. There are lots of ways you can verify that you're donating to the right side and that's by verifying through their social media platforms.
437  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency TV series appearance on: May 08, 2020, 07:07:44 PM
Everything was going well until you said his girlfriend calls it dine-and-dash scam lol. Well, whatever, I believe that a lot of people are starting to know about Bitcoin and cryptocurrencies as a whole now. I have seen a lot of bigger movies mentioned cryptocurrency, the one you have here is just a Korean movie that not so many people know about. I have seen Bitcoin being mentioned in the Simpsons, and a lot of other bigger films.

What I don't like though is that some of these movies are fond of painting cryptocurrencies as something bad, but I guess it's up to people who don't know about it to do proper research and understand what it's all about and that it is not a scam.
438  Alternate cryptocurrencies / Altcoin Discussion / Re: Does the ICO have a future in 2020? on: May 08, 2020, 09:51:46 AM
Good afternoon! In your opinion, how relevant is the ICO in 2020 after many projects turned out to be scammers?
A lot of people have questioned the probability of ICOs to survive in the past, and here we are today and there are so many ICO and a lot of them are still being successful. You might have seen many of them that turned out to be a failure or a scam, but that still doesn't mean they are all the same, there are still the good ones. That's why you shouldn't just jump straight at anything you see, you should always take your time to choose what is right for you. Whenever you're choosing a project, take your time to make the right choice and not jump on anything.

After IEO introduction by major exchanges, ICO is experiencing very hard time till now. But, this forum is facing less spam due to less bounties due to less ICOs on forum. I doubt any good future for ICO until we see a stronger crypto bullish markets. Because, we need more investors to risk on ICOs after their IEO spending.
439  Alternate cryptocurrencies / Altcoin Discussion / Re: the first reason why fraud projects are increasingly rampant? on: May 08, 2020, 08:37:34 AM
I always complain about ICO projects not just because of rewards? but because of the increasingly rampant project fraud!

on the other hand the first reason why we find it difficult to know about fraud projects or not, because almost most ICO projects look real !!
and this is very unexpected, that there is a site that offers services to create an ICO project complete with ERC20 Tokens!
with only $ 50 a person can make millions of dollars from the results of fraudulent projects HuhHuhHuh

https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token

imagine if this continues, then the rich will increasingly become rich !! scamers
No matter how much a bad project tries to cover up, there must be something that gives it out that they are fake. It's up to you on the effort you put in trying to find out what's right for you or not. If you take the time to check some things on the project you will definitely be able to tell whether they are scammers or not. Some of the things that usually show them off, the first one is wrong spellings and usage words, but a lot of them are getting better at that and taking their time to make it look good.

The next thing if you're on their site is to check for the ‘https’, if it's not there, then you have to be really careful. The main thing that works is checking their team.
440  Economy / Economics / Re: Collapse of crude oil prices on: May 07, 2020, 08:14:35 PM
It is really scary that it is already back at 25 dollars right now, I mean of course it was a fluke that it dropped so much, it was like 2 cents per liter of oil, that is really not something that could have been sustainable, it was peaked at 60 dollars this year so we all know it would have gone up however 25 bucks and this quickly really scared me.

I am not entirely sure if this increase is really because it should have gone up but more like there was too many talks of how oil is cheap so too many people bought. I am afraid people may see the increase and decide they did a right call and when it doesn't keep going up they will sell, because this is actually a lot of traders buying to make a profit, when there is no profit they will leave and price may down again.
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