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4801  Alternate cryptocurrencies / Altcoin Discussion / Re: New coins are 👎👎👎 on: May 04, 2020, 06:28:42 AM
New use case my foot!
Good thing you realized it, better late than never.

The altcoins which promise everything to change and that they will be better than bitcoin is simply lying and not something to be interested in. What people need is bitcoin only and no other shitcoin to put their money in. New projects coming up are going to fail anyway, but the money makers in them will make their money because it is like their own little legal scam game. Advisors will get paid, team will get paid, investors money will spend there and investors will be getting a ton of tokens with no value. Thats how these are working.
4802  Bitcoin / Bitcoin Discussion / Re: How to improve the usability of bitcoin? on: May 04, 2020, 06:26:12 AM
Improve transaction speed. Sometimes i need to wait more than 30 mins for 2 conformations
Improve your fee amount Cheesy The current fee for an optimum speed is always changing up or down. So check before you send. It is a trade off with speed vs amount. You can move to Segwit wallets as well for smaller fees. You should also look into Lightning Network and how it works.

If you dont pay the miners an optimum fee you have to wait for days for an transcation to confirm. It will eventually be confirmed though when the network loads reduces and all low fee transactions are getting in line. But paying a higher fee will get you the first class ticket, so to speak. Grin
4803  Economy / Gambling discussion / Re: Gambling is like day trading ? on: May 03, 2020, 06:15:00 AM
The conclusions are that day trading and gambling lead to losses! Here everything depends on luck, and nothing else! I'm not comparing trading with sports betting or poker, I'm talking about casino... Wink
Sports betting and poker come under the casino too. Be specific! Grin Day trading is also a 50-50 win loss game. You can have some stocks that you buy sell and make profit because you know its trends but it is tough to find such because you need to monitor them everyday and read charts, lot of works for those who are trying to get rich quick and so they dont go for it but attempt dice games where they eventually lose and thus have the mindset that day trading is also gambling, which is not completely correct.

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Skills can help when trading for weeks or months, but intraday trading is not subject to technical analysis! I'm talking about it because I was losing my money trading intraday! Grin
Because you lost money on intraday does not mean that TA has no part in it. The two are completely different statements. You can make or lose money but gambling on EV- will be a loss without any doubt. Gambling on EV+ games have a chance of winning by skills.
4804  Economy / Trading Discussion / Re: Looking for active traders on: May 03, 2020, 06:07:59 AM
As an active trader, what functionality do you think is missing from your trading platform?
Here is a list of what I feel need to be included in newer trading platforms:

1. No KYC system for the lowest tiers. No means no hidden forced KYC as well.
2. Fiat deposits and withdrawals. Even paypal/WU/Skrill deposits and withdrawals would be good.
3. Blocking of bots from using the platform.
4. A good support system is always recommended, cant stress it enough, it is one of the biggest things in this sector. Having a good customer support helps keep your customers in.
5. Early downtime notification system.

List goes one but these few are those that make up maximum problems.
4805  Alternate cryptocurrencies / Altcoin Discussion / Re: Stay in waves or convert them to ethereum? on: May 03, 2020, 06:03:34 AM
Waves is a shitcoin and seems like the OP was fooled to buy their team and their promises. Undecided

Ethereum is no less a shitcoin but I guess its better to hold that unless you want to buy bitcoin. However at the price you quote, it seems it is now 10% of its buying price. So selling your lot at this price means getting back 10% of your buying amount only. If you are happy with that and want to finally let go then its your choice. If you ask me, I would rather bring in more capital for buying bitcoin or ether, taking your case on point. There is always hope for a bullrun in future and altcoins to rise where you could be able to sell those waves at break even prices.
4806  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Metamask: What do you know about it? on: May 03, 2020, 05:55:56 AM
I also wish to know if there are platforms where one can know if the metamask site or URL is a real one or not and it should also be able to check the authenticity of other sites.
If you accidentally click on a phishing link that tries to steal your ethereum and have metamask installed, the site will get blocked with a warning that metamask has detected some suspicious behavior. It is safer to use Metamask over MyEtherWallet directly, I believe MEW was built with the more sophisticated users in mind and when phising MEW links started coming up everywhere during ICO sales, Metamask was built to prevent people from getting hacked.

This happened all because people are not aware of hackers prying on sales and setting up such malicious sites to clone MEW and point to that for the tokensale and the users are not willing to bookmark the original site in the first place. But metamask will block the site, thus saving their money.
4807  Economy / Gambling discussion / Re: Do you keep a spreadsheet for you wins and losses for tax purposes? on: May 02, 2020, 05:31:08 AM
I highly doubt most people that gamble Bitcoin are going to keep track of their wins/losses.
They dont, that is why they are gamblers. If they did that then the losses would become too evident in front of their eyes. Grin

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Not supporting tax evasion but honestly, who is meticulous enough to log each deposit and each withdrawal and then track how much their profits or losses are.
Sports betting, spot traders and similar other risk-reward schemes. They need to keep track of what is happening and how much they are losing vs winning. They come under that group is not that charged up like addicted gamblers but wise enough to assess their situation.

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If you cash out your cryptocurrency into fiat, then in that case, paying taxes are easy to calculate and are unavoidable if you do it on an official exchange with KYC. The IRS can't enforce Bitcoin casino deposits with almost all of them being based out of Curacao.
By all means, do pay taxes if you are cashing out or not based on local rules about bitcoin and gambling related income. Also use a wallet in between sending from the casino wallet to exchange wallet because sending directly only increases the risk.
4808  Economy / Trading Discussion / Re: Why risk management is so important ? on: May 02, 2020, 05:23:26 AM
Capital management is what is simply called risk management, this is for newbie to understand.
Capital management is how you manage your capital or your principal amount that you are willing to invest, or how you manage incoming capital with every earning. Risk management is how you diversify your assets and reduce/increase them in terms of their projected losses/gains respectively. All this comes with a lot of predictions and foreseeing of the future economies and technology development as to what asset one should hold or should exit from.

It is not something like sports betting like the OP seems to say, but needs analysis and a lot of willpower to stick to.
4809  Alternate cryptocurrencies / Altcoin Discussion / Re: If you could, would you delete every altcoin? on: May 02, 2020, 05:17:58 AM
First thing, no one can delete altcoins, then people would be talking about deleting bitcoin and nobody wants that except altcoin shills.

Altcoins are a good example of human stupidity and the willingness to gamble on things that they dont learn about first before investing. The reason why people entered into some altcoins is because they thought bitcoin being out of their hands they should join a new coin which is coming up and this one will also be as big as bitcoin.

At that time nobody thought what was the use case of bitcoin or any altcoin and blindly spent money buying them hoping to get rich.
The reason they still exist is the living proof that many investors can be fooled into buying shitcoins.
4810  Economy / Trading Discussion / Re: Compliance exchange or decentralized exchange, which one do you prefer? on: May 02, 2020, 05:09:30 AM
Good volume also means you can get in and out easily.
Not necessarily. You may have a good volume but the price you are looking for may not have reached. So you would not buy/sell at that price would you?

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If you can trade your coins fast and smooth, the chance of withdrawing your coins from the exchange is also fast.
This does not differ with DEX or CEX. With time even CEXs use zero confirmation deposit and adjust withdraw amounts to pool enough fee for a fast transaction.

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Keeping your coins longer in an exchange, will put your coins vulnerable to potential attacks.So yes, once you are finished with your trading, withdraw and send it to your secured wallets.
But that is true for both types of exchanges. And if you have not yet completed your trade, you will have to leave orders open for longer periods of time. Or risk losing out when trying deposit during a pump and the price goes sideways in the meantime. Of course it seems like a stalemate here with the trader having to take a lot of risk. But it is what it is.
4811  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you prefer to invest token or coin? on: May 01, 2020, 05:50:39 AM
If you wish to take the altcoin/token route be prepared to lose money like anything. It has been seen even though denied by delusional trolls that altcoin trading has lead to more losses than gain. How many of the altcoins performed as good as bitcoin did in the recent few years? If you held bitcoin you would always have a chance at making some money back whenever a pump arrives.

The thing is that in last 2 years bitcoin pumps have been followed by quick dump and the altcoins since they rise after bitcoin failed to rise enough before the dump. So imagine the trader who was holding their tokens to sell at that price just to break even and finally exit that worthless coin. Right then the price dumps and they are back to the holding cycle. This is frustrating for any trader and buying an altcoin just because they seem to have a good team or whatever only leads to this problem and a never-ending cycle of anxiety and depression.

So go with bitcoin at low price and be happy.
4812  Economy / Gambling discussion / Re: Do you keep track of your gambling? how? on: May 01, 2020, 05:46:03 AM
I guess thinking of a scenario that a gambler might be addicted will make this monitoring or tracking activity useless.
For the addicted gamblers which constitute majority of the gamblers.

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Why we track our record is just to know the reality,
And it is the hard truth. You may deny it if you wish to keep yourself happy about th losses but it is the truth and ones needs to learn to deal with it, that is accept their losses and start to rectify their ways.

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we are treating gambling like business where we tally our income and expenses, and as a businessman with a sound mind, when a business is already not profitable, you will be force to stop it to prevent further damage, same thing goes with gambling, you are likely doing the bookkeeping.
Also a reason why gamblers rarely keep their records of gambling. It hurts them to see how much they lost and so they lose interest in it and dont want to dig in further. Its a type of introspection but has no good feelings involved. If you are doing it for sports betting then it is essential, but dice game players who are in it for the rush will never have the patience to sit down and record their transactions.
4813  Economy / Service Discussion / Re: Crypto telegram channels on: May 01, 2020, 05:41:23 AM
The article quoted here is a "sponsored" one. I hope everyone posting here knows and understand what that means. It is a paid article posted on coinidol and is being "shilled" here since posting here is free and thus getting some traffic from the forum.

Of course whether to trust a telegram signal channel is the person's own choice but there are fools who think they will make money listening to other people and how they predict the market because they never ventured into the stock market let alone the crypto market. But these people are also the ones who end up calling bitcoin a scam because they lost money while listening to a shill promoter.

It is always better to develop your own APIs for keeping track of market volume and orders as well.
4814  Economy / Services / Re: Telegram channel promotion on: May 01, 2020, 05:35:57 AM
Who can promote my English-speaking crypto related Telegram channel?
You may get some offers here for promotion since you made this post but be aware that majority of the people trying to sell you subscribers are actually ripping you off because they add in bot users who inflate the subscriber count but dont actually do anything useful for the channel. But I guess you are looking forward to that only because you said "channel" and not group.

A better way of doing it is to start a giveaway in this forum in the "Services" section where you can reward those who join the channel and remain there for sometime to ensure the count for a month or so and then giveaways every few months to make sure they dont leave the channel. That is how you grow a channel in an organic manner.
4815  Economy / Economics / Re: Crisis after the epidemic on: April 30, 2020, 05:49:30 AM
i don't get it. why?
Its simple, think about all the retail shops that have been closed down for months. They are looking at huge losses and they need to recover these losses with time. So to do so they need to raise the price of articles in order to cover the same profit or break even in the close of this year or maybe stretched till next year Q1. We have had indigenous industries closing down and not being able to produce anything, they are taking the biggest losses, and they will have to cover it in some way. Prices of goods will thus rise but lets see what actually happens.

Whether bitcoin will help? Nope in my opinion, bitcoin is way far off. People dont even have money to buy stuff, forget about bitcoin. Countries where bitcoin is used, maybe there it can help. But that group is a minor one. Most countries dont have places to spend bitcoin yet.

4816  Economy / Trading Discussion / Re: Which is Best Trading or Freelancing? on: April 30, 2020, 05:44:52 AM
It all depends on what works best for you or should I say it's an individual stuff for me it's have been trading all the way til this very moment and it's working awesomely well for me so am sticking to it I might do some other things too but trading is my main focus.
Its better to keep focus on one. For being good in one you have to leave out the rest. If you are jumping around into everything then nothing will be done well and profitable for you. Of course in times of crisis like the current situation people may try to find out alternative methods to make money but its risky.

When you are trading you have to be skilled in analyzing the charts and indicators. But to do this you have to be determined to spend a lot of time working on them, observing daily movements and attempting to predict movements. It is not a easy job and compromising it with attempted freelancing or something else will only defer your own progress.
4817  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Market stability is not ascertain.We might fall again on: April 30, 2020, 05:41:18 AM
crypto and this pandemic will teach us something valuable. As we know, for almost 3 years the crypto market is very volatile, and a pandemic situation that we never imagined could worsen the market situation. Stay healthy, and be optimistic!
This morning market for bitcoin actually became more interesting with the price rising more than 13% and thus we might be seeing a nice rise on altcoins too if you are holding that. But what caused this spike is not known but can be presumed to be whales pumping some money into bitcoin and sort of testing the waters during this uncertain periods.

Of course stability is not something that goes with the market. Maybe 2-3%/day change is comparable to stable but then again we rarely see stock markets performers move that little, even though crypto has been like that for sometime.
4818  Economy / Gambling discussion / Re: What is the safest crypto online games to start if you are a Newbie? on: April 30, 2020, 05:38:26 AM
If betting on sporting events can be regarded as an online game, then I think this is the best option for a beginner.
Best option in terms of playing is dice. Best option to make money is not dice, its sports betting but only once you have been a pro at analyzing a game. But the newbie is not supposed to be a pro analyser so it is not applicable to them. For them dice will be the most simple game and other casino games like slots which are EV- games.

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The main plus is that there is always a big break between sporting events. Therefore, even a very gambler has time to "cool his head" and possibly avoid big financial losses.
Agreed but that is again applicable once the person has become a "gambler" and into the habit of gambling, not a newbie who is experimenting with the games.
4819  Economy / Economics / Re: Crisis after the epidemic on: April 29, 2020, 07:36:30 AM
Almost everything will be changed after this pandemic issue, people will spend less money because they learnt the importance of saving money so most part of the world will get suffer economically due to demand and supply shock.
Ehh you wont get that ability to save much here because the prices of everything will rise after things change, which in my opinion will take more than a year or two. Slow release of the lockdown means that goods will be priced high and you will have to spend more. So forget about saving money even though everyone wants to save money.

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Oil prices may increase again which let the people to move to other sources like electric cars, solar power panels.
Not every part of the world is like that and not every third world country is sponsored by Elon musk to give Tesla at low cost. People will have to manage with raised oil prices and likely go for public transport more often.

I dont see the importance of bitcoin here though. A broken fiat economy is always going to fixed first. Bitcoin is the least issues at this point.
4820  Economy / Trading Discussion / Re: Is day trading is good in crypto market? on: April 29, 2020, 07:32:14 AM
What you guys think about day trading in crypto. Is it profitable?
Yes and No.

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If you doing day trading by yourself it's 99 percent of chance that you loose your capital.
A beginner in day trading will lose money. Even an expert will also lose money. But they can make money too. Day trading depends on your ability to predict the market and being able to read the the fine lines between indicators for making the profit. If you are skilled in them you will make profit otherwise you will lose money.

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I was reading many comments on other threads that they talking about day trading is profitable.
Anything which a person is doing for years and years and has developed a second nature in will be profitable for them. But it is not get-rich-quick scheme, in fact nothing in this world is so. If someone says so then they are trying to scam you.

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I don't think so. Only whales have profit and normal person loose their money.
Whales lose money too. Its all relative.
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