Normal trading with no leverage on $1000, daily 1% and compounding: almost 6000 after 3 months. $1.3 million after 1 year.
Thats if you do able to sustain that 1% but considering that you are putting your capital on crypto coin and not on usdt or fiat then expect that profit of yours would be mainly affected. It do really simple as it sounds but maintaining those numbers alone isnt something that you could just simply do.Sustain is the primary concern when you do deal into this market If you could able to do that then consider that you are doing good but if not then you should try to make adjustments until you do able to reach that goal. Signals are free but you could actually make your own and its totally dumb if you do pay something for that. That's my whole point though. Anyone who says they can sell you a signal guaranteed to make 1% a day (and as I said they say this to make them appear a whole lot more "real" than others who claim 5% profits), is lying. Paying for signals is dumb. Acting on signals alone is even dumber:) |
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Such things are never discussed in the news sources that the average person reads. It's all "Bitcoin crashes by 20%!", and never "Bitcoin continues to allow transfers of billions of dollars worth which cannot be intercepted or prevented by any person, state, or entity."
Even when they are discussed, they fail to garner as much attention. All the top reads on any media website are the price predictions, without fail. Even if the writer keeps getting it wrong, he keeps his job and continues to write, I guess because in the end, traffic makes the site money. Write a thoughtful discussion piece and people doze off after the first paragraph. Write about Bitcoin's censorship resistance and point out failure of countries to prevent it. Lol US sanction for example, and they go after you and close you down. Anyway, enough rant for Friday:) |
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There is a lot of hype among Amazon, Apple, and Tesla about accepting Bitcoin as a payment method. Many of them say that the adoption is better, but if the company converts a large amount of Bitcoin paid by customers into legal tender, it will give Bitcoin. The currency brings a lot of selling pressure.
Amazon isn't accepting Bitcoin as payment, Tesla temporarily stopped accepting Bitcoin until the mining sustainability investigation is over, and Apple is going to accept BTC only indirectly, via accepting Coinbase debit card. The hype is real, though, and it does have temporary effect on the market. Answering the thread name's question, I believe the general tendency of Bitcoin becoming as valuable along with becoming more popular is true. After all, it makes perfect sense because if Bitcoin gets more popular, the demand for it increases, and if the demand increases, the price increases as well. However, even though the amount of users is constantly growing, we still have the bearish market from time to time, so the price doesn't always correlate with popularity. And all this things about people "accepting" Bitcoin doesn't even really prove it is popular (I'm not saying Bitcoin isn't popular, but accepting payments doesn't make it popular) and as you point out, all of these guys who initially accepted it or were rumored to be accepting it? They didn't find a lot of business with it I bet you, otherwise Tesla wouldn't have ever stopped accepting. I mean, the concern about mining sustainability is nonsense after knowing the nonsense that they do all the time environmentally:) |
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Safe haven implies that people are only going to it when they are escaping risk from elsewhere. It comes from shipping I think, when ships would look for a harbor that is safe from storms. But they never stay, they always go out as soon as conditions are better outside.
So I think yes it does not really fit the whole description. Unless people also do that to gold?
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I might have mentioned before the games started on bookie odds on US to get the most golds and China coming in second at 4.4x. The wise move would have been to ignore 1.1 for USA and take a bet on China, but I felt at the time US were just too strong in athletics. So I stupidly but a rather big bet (for my standards) and now looking at the leaderboard it seems China is widening the gap every day.
Any chance you still think?
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Not to break on that optimistic behavior of yours but dont expect much for this thing to happen because not all companies would really be that positive towards volatility aspect of crypto and we know that primary concern
or priority of company is to make profits which should really be stable and wont really be something that moves neither positive or negative which would highly affect their revenue.
I wont say that all would be having that kind of mindset but for sure there are still some companies would really be having that consideration.
Exactly. In fact, when I have seen on the rare chance working freelance in 2018 for crypto companies, you even get the complaint more from the employees who get paid in crypto. Companies just buy the crypto at a fixed price so it's not so important for them, but by the time they send it to you, and you pay the fee to send it to an exchange, the volatility might mean you can lose 10% easily on a single day if it's highly volatile. |
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Offering my late congratulations as well. I've to admit I'm not big on NFTs right now. I'm big on what they might be able to do in the future, especially with this rather confusing period where the adopters are supposed to be content creators but you can see now from most big projects launching, they're just more business people and companies that probably don't have their ideas in the correct place:) Happy hunting for more!
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The truth is that the study of candles is one of the things that I think is done in short-term trading or scalping, I have a doubt, if we analyze the market in a time of 1d, 4h, 1h it is easier to predict the candles What are they formed? Since in the long term the analysis tends to give a more lasting behavior, but I know that when analyzing the market, the shortest temporality that volatility has is enormous and I do not know how accurately it is possible to predict what the candles will be. What? I have to say that I only tried scalping trading once and it didn't work out very well, that's why I don't do it.
Maybe in forex where I saw some efficiency (until there wasn't) and maaaybe in crypto during sideways trading or low volatility but just taking a look at yesterday's Bitcoin candles at 4h, impossible to give any meaningful results, depending on which side you're looking at. Had a lot of fun scalping alts in 2017 until the peak just fizzled out, and then I basically lost almost everything I took a lot of pains to gain. And this was in confirmation with signal groups I tried out in that period too (I know, I know, but I learnt my lesson). |
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Imagine, 100 years from now on some AtticTreasure show someone finds your steel plates and buys it for $5 to be used as scrap metal  That's definitely a risk with a method like this one. Personally I think anyone with crypto should let at least one person they trust know how to recover the crypto in case they die. Why let it go to waste? Yep, like I wrote above, I have been thinking about this a lot. And the problem is less of finding a method (I know even time lock can be used for example) but of finding a method that makes sure even if the person you trust doesn't know enough about Bitcoin, they won't have trouble accessing it after death. Sometimes I think maybe the only way, ironically, is to use a centralized service. Because in my case I know the person I trust is zero literacy about computers. Yes the person know how to surf and send email and use apps but cannot even remember how many times password is reset:) |
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I have to agree with jackg, just keep the ban. I don't like censorship, but if you think about it, the only people paying for Google ads to use Bitcoin are crypto companies with zero interest in helping Bitcoin and 100% interest in making money. Sadly, most of this making money concept comes at the expense of users.
If people want to learn about Bitcoin, it should be from wiki, or solid educational channels. Not from clicking a Google ad.
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The market is currently at the level of $38k+, although it has decreased from $42K.. of course, it doesn't rule out the possibility that it will pump again afterward, I think this is the right time for a new entry in investing.
Yeah, tell us something we don't know, guy:) It's always a good entry for Bitcoin, at whatever the price is, because you always get a good average if you keep regular buying. The only difference is the wait. If you are "unlucky" to buy at the peak, then you simply added on a few years to your wait. That's all. |
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Okay, I'll just give you one example: 1. Normal trading - Invested money - $1000, daily 10% rate (full reinvestment) - In 60 days, you get $300 000. 2. Futures trading - Invested money - $1000, daily 10% (3x leverage = 30%, full reinvestment) - In 60 days, you get 6.8 Million USD. And, days don't have to be in a row  So, when you always hear nice words, use the daily compound interest calculator to see the real world! I guess people actually either don't have the brains to do simple math or don't have the common sense to see through thick illogic. Even let's not use daily 10%, which very few "smart" signal groups will tell. The trick these days is to show people what looks realistic, like 2% daily profit (which in our minds seems wow okay, he isn't claiming 10%, just tiny 2% which is so realistic). Normal trading with no leverage on $1000, daily 1% and compounding: almost 6000 after 3 months. $1.3 million after 1 year. |
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If people only care about price exposure to bitcoin, and don't actually care about it being decentralized, or trustless, or censorship resistant, or any of the other things that are core to bitcoin, then such easy to use custodial apps will always win. At least, until they scam the people in question or lock them out of their accounts.
I think there problem is maybe even more important to think about for Bitcoin, is people still don't know enough to care about these things (decentralized, censorship-resistance etc.). For better or worse, people can't learn about the importance of these things the way they are mainly presented. And they can't because states won't teach them this either. Custodial apps always win and we seen that even though years of scams and "hacks" have stolen people's money, because they do not know better (and education prevents them from knowing better). |
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Correct, because adoption is one of the main reason why bitcoin is getting valuable in the space than other crypto currency, and that's why as well mostly enthusiast preferred to keep holding their bitcoin for long term because of that reasons. In fact not just bitcoin wherein all crypto in the market need adoption as well in order to increase their value in the market.. That's why new projects run a campaign to gain more attention from buyers and etc, because that's how it works.
Wrong. New Projects run campaigns to get more buyers and speculators, but this does ZERO for adoption. If you don't believe me, go to any altcoin group doing "campaigns" and find me one actual user. This means someone who uses the actual real wallet, and uses the token for its supposed utility, excluding trading/selling/buying/exchanging. The whole reason why altcoins are called shitcoins is because they have no users. Just token buyers/holders. |
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Yep, this is the highest fee that we ever had on our pools. Around 80$ could be quite steep for some people. I hope I am wrong but I am expecting less people then previous season. That also has its advantages since it is much easier to get yellow cap free bet and the value you get for entry fee is higher if there is less people participating.
Good point about free withdrawals from Sportsbet, I actually did not know they were caped at 2 mBTC, I thought it was always free but I never tried withdrawing anything less than 20 mBTC.
Anyway, I will be participating for sure. See you guys around when it starts.
I agree with the discussions above that $80 is an amount that if you can't afford for a whole season, you shouldn't be playing:) But at the same time, I also know the situation of a lot of friends and family ($80 is translated to half month's pay here for most of my colleagues) so I won't forget I am lucky to be in a position to spend this amount. It's actually really because of Bitcoin. Actually I didn't even realize we had so many last season, 50 is a lot! It didn't seem so in the threads or I guess not everyone chatted:) And yes, free withdrawals at 2mbtc also I didn't know but this is a good "wallet" to have for saving on fees;) |
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No you aren't real very well up to date.  The Amazon rumors turned out to be a fake and Amazon explicitly explained in public that there are no plans to accept Bitcoin on their platform in 2021, as was stated in the article. It's sad that the rumors were not responded to quickly enough to spread widely in various media, very bad if it's a way of market manipulation for the benefit of certain traders. Crypto is still crypto so there is no need for adoption for big platforms as they can revoke crypto adoption at any time to bring down the market. Dude, the rumors were actually credited for bringing Bitcoin up a little, so if they didn't respond to it, it might even have had a bigger effect if it was true (but it wasn't, as in, it wasn't true, and it wasn't even the reason Bitcoin got back up in price). Market manipulation is there anyway, like it or not. We can't do much about it, so why complain? There is a need for big adoption, but just simply accepting BTC thru thirdparty:) |
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the size of your capital doesn't change the size of the danger. It's the size of what you risk in proportion to what you don't risk. Which is where the adage comes that "Never invest more than you're willing to lose".
Size of your risk will grow along with your size of capital but it MAY not diminish when you are downsizing your capital. The only solution here is, we must increase our capital along with our experiences. I guess we both understand risk differently then. Risk does not change if you put $1 or $100 on an outcome (unless you're talking about billions in which case slippage risk is a factor). You still have the same risk no matter the size of your capital, from a retailer point of view. I guess this is why I'm not a trader and loads of people on this forum are since we really understand these fundamentals differently! |
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I used stainless steel which wasn't expensive and should be very durable to heat , acid and impacts. Yeah it not being recognisable is both a blessing and a curse, a thief or anyone that sees it isn't going to have any idea it's bitcoin related but then neither will no-coiner family members. Hopefully they should be able to realise it's important enough to not throw out considering its a steel card with a weird code stamped into in  . I'm not so old and unhealthy to be thinking in panic, but I'm definitely worried everytime I see or hear about a friend who died or who is signing up for a will. I don't really want to go that route yet but for sure have to think about something like this that lasts, and also that can have a high chance of being understandable by someone else. Imagine, 100 years from now on some AtticTreasure show someone finds your steel plates and buys it for $5 to be used as scrap metal |
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