I'm surprised they listed products from a competing exchange at all, doesn't really make sense from a business perspective.
In any case, leveraged tokens are quite a difficult concept to understand, and neither FTX nor Binance did a good job of explaining them. Understandably this has led to plenty of noobs getting rekt investing in these tokens.
Hopefully they'll bring back something more transparent instead.
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So the moral of the story is, stay well away from Bitforex unless you want a 50/50 chance of getting rekt.
Binance Launchpad seems like the only secure route even in 2020.
I'd like to see a similar chart comparing IEO token prices at 1 day after listing and at their peak compared to the IEO price.
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How about staying away from IEOs and ICOs entirely?
They're both damaging to the cryptocurrency industry and are single handedly responsble for burning the hands of millions of noobs and retail investors.
There's no need to go chasing crazy gains, unless you're willing to waste a similarly crazy amount of time when you inevitably fail.
Bounties are for plebs with nothing better to do. learn a skill and earn some real money.
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Would love to see this turned into an app, seems like something that could really help the industry grow.
e.g. it would show how much they want, what exchange rate they're offering and when they're available etc.
It could also have designated safe trading points, where people can meet to execute the trade securely.
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I'm sure Satoshi Nakamoto and John McAfee don't have any contact.
The guy is a complete fraud and will say whatever he can to pump one of his myriad scam projects and get his name in the news whichever way he can.
Just like the time he promised he'd eat his own dick if Bitcoin didn't reach $1m by 2020—and yet he still hasn't eaten his dick.
Dont pay him any attention, he really doesn't deserve it.
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Here's three more that I think newb traders need to know.
1. Don't trade at any exchange that doesn't use cold storage, it's as simple as that. 2. Don't borrow money to trade, this is no different to gambling and you'll probably get rekt unless you're already an established trader. 3. Stay well away from margin trading or leveraged tokens if you are not already somewhat experienced as a trader.
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POLIS is absolute shit, it's obviously not going to explode in 2020.
For all newbs reading this thread, there is a recent spate of spam accounts that just create threads on Bitcointalk comparing their shitcoin to 2 or 3 other more established coins.
Their shitcoin will always be top of the list for "potential", but obviously it's just a ruse to drum up hype.
Rule of thumb: don't believe anything posted by a newb or any investment advice from this forum.
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The simple fact is you shouldn't waste your time with meaningless altcoins.
Whenever there is a premine there is a good chance that the developer is just looking to dump his batch on the first exchange he gets the change to, right after all the mindless plebs have pumped up the price.
Why both wasting your time when the risk of this is more than 50%?
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Then they're going to feel the wrath of the SEC instead of Telegram then.
You always get third party firms trying to steal the thunder and work of other people, however, it usually ends up going wrong because they dont. have the technical expertise or manpower necessary to make Telegram open Network.
Expect this fork to flop big time.
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I don't think Elon Musk needs to buy Bitcoin. He already has around 30 billion dollars, it's not like he's going to buy BTC to get rich like most of the people around here.
I'd even go so far as to suggest he could buy all the Bitcoin in existence if he really wanted by orchestrating a mass dump then gradually buying up the weak hands.
But he wont.
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I think it's going to take some time to recover, likely longer than people think.
Just because the government reduces or removes quarantine and lockdown restrictions doesn't suddenly mean the economy will bounce back.
It was already in severe jeopardy before all this happened, plus people have now adapted to working home—plenty might continue even in the future.
Dont expect anything drastic for at least 2-3 years.
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Wow! I didn't know forkdelta still have that amount in volume. I forgot that website years ago. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I still prefer Idex than them for the user friendly UI but look at the volume. It really in bad shape. I didn't know about the other, might as well try it later specially that Deversifi and WhaleEx. Is there a country restriction for this? Practically every DEX suffers from this problem. Even the Binance DEX, which has one of the highest trade volumes of any DEX still pales in comparison to even smallish centralized exchange platforms. The blockchains just aren't capable of handling the huge number of transactions needed per second.
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Stay away from this platform, they offer you a crazy low conversion rate and you're best just taking the risk yourself.
Also, stay away from bounties in general, they're absolutely garbage and there are far better ways to spend your time and make money.
Take a look at upwork, freelancer and toptal.
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We're not getting a killer app any time soon, the technologies needed to make a really mainstream DApp just aren't ready yet.
We need a way to transmit and access a large amount of information across a blockchain, something like what promises to do.
However, something like the interplanetary file transfer protocol (IPFS) would be needed—and it simply doesn't work yet.
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Not really that impressive.
Binance literally just copies what all the other exchange do, then somehow become the most popular exchange for that thing.
It already did it before with lending, derivatives trading, margin trading, IEO etc.
Now they're about to copy FTX once again.
Soon they'll run out of steam or at least create something original, I hope.
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Obviously a thinly veiled advertising post for your trashbot.
I currently use Haasbot and Coinigy as part of my trading, but the vast majority of my trades are still manual rather than algo-based.
I am still writing up a good algo in Python, but so far I've only had limited success in dealing with the volatility while remaining EV+.
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As far as I am aware, BitMEX has never been hacked, neither has ByBit or FTX.
BitMEX suffered an email data leak a while back after an employee accidentally CC'd everyone in an email, but that's about it.
I think you will find that derivatives exchanges—for what ever reason—tend to get hacked less.
Maybe it's because they dont need to serve as many withdrawals so have less in the hot wallet, but who knows.
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I been holding these coins for a few years:
- Stakenet
- Blox
- Monetha
- SONM
- DigitalNote
- Gulden
- Quantum Resistant Ledger
- Ubiq
- Nexus
- All sports
- Gamecredits
- LBRY Credits
Which of the above are Genuine projects that were victims of the bear markets and will in a year or two will climb back up to the top 50-100 rankings in the next bull market? And which of these genuine projects had coin swaps or had been hard forked within the last few years?
I also been holding these coins for a few years too, the following coins have higher rank than the coins listed above:
- Power ledger
- NXT
- WAX
- Civic
- Bancor
- Syscoin
Which of the above are Genuine projects and will in a year or two will climb back up to the top 50 rankings in the next bull market? And which of these genuine projects had coin swaps or had been hard forked within the last few years?
Finally the last coins that I have been holding for the past few years are in the top 100 rankings:
- Golem
- Siacoin
- 0x
- Augur
- Bytom
- Nexo
- Verge
- Ethereum Classic
- Digibyte
- Tron (recently added to portfolio, will hodl obviously)
- Dogecoin (recently added to portfolio, will hodl obviously)
Which of the above are Genuine projects and will in a year or two will climb back up to the top 10 rankings in the next bull market? And which of these genuine projects had coin swaps or had been hard forked within the last few years? Or shall I assume these coins are genuine because they survived the bear markets for past couple of years and yet still maintaining that top 100 ranking?
It s quite difficult to say exactly which coins will perform bets but one thing is certain though. Since you kept these for several years already I think there's no harm holding on to them just for a while longer. After all, the halving event is sure to pump the cryptocurrency market again, the only question is about timing but since we can't know for sure its best to keep these coins for now at least - that's my opinion, anyway.
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The biggest fundamental effect will be just this simple 'supply + demand'. Given the extraordinary technology of blockchain, the halving event has in essence provided a window for the crypto industry to create another 'opportunity bubble'. Following the halving, I think there's only one course crypto can take and that's further expansion and improvement which in simple terms would lead to a new sky jump for BTC and the rest of cryptocurrencies - though this is still to be observed!
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I would agree with you that trading and investment options are now getting harder and harder, primarily due to the large economic unrest.
The fact that trading and investments have Beta values >1 means that market volatility greatly impact how these services are undertaken. It's the nature of how things are at the moment, which make it difficult to understand in a logical sense what's going on and where you should spread your risks.
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