Updates01/09/19Added direct links to few websites for courses Added 1 more paid course 14/09/19Added 1 free and 1 paid course 28/09/19Added free course "Blockchain Specializtion" {Credit : apoorvlathey}
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I know I've actually seen some guys on YouTube buying parcels from the Dark Web using Cryptocurrency such as Bitcoin, no telling if it's actually real but still tells me that BTC is very popular on those sites.
Even though BTC is used on those sites it still is very popular as well as valuable. I don't think the fact that people use it for illegal activities makes it less valuable does it?
Multiposting is not encouraged on this forum. You could have simply posted both of your posts in a single post. |
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My advice would be that if you want to learn to trade and gain experience from it then you should do short term trading as it will teach you how the market acts in various situations.
If you want to earn some money then you should try trading for a long term. This will take time but will but will eventually get you good profits.
Trading always needs experience whether we are following the technical analysis or fundamental analysis. In the short term, we might easily understand the market movements because without acting it is impossible to learn. If you want to make more money then target them for the long term.  You kidding me bro ? That's the same thing I said. You just changed the sentence while keeping the same context. Get some new shit bruh! |
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We cant still say that he wont able to seek up jobs for too long.This will depend on how he do apply for a job online as a freelancer
and depending on the skills and portfolio he do have.
Actually its quite a bright idea to earn up btc payment out of your works and then use those funds to make some side trades apart from your job
but also come to think that this will require some strict time management because trading cant really be rushed up if you do really like to learn and make
profits with it.
I know right. Trading does require a lot of patience especially when you are a newbie to it because that's the time when we all tend to make so many mistakes. That's the reason why I advised him not to invest all of his money into trading but keep a certain portion aside for trading and then gradually increase the amount when he gains confidence. Getting rich quickly should not be the goal, the goal should be to learn because that's what is gonna make you rich. |
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So, I recently got into the idea of mining. I unfortunately don't have enough CPU or GPU power to actually be able to make much (with my CPU, about 20 cents, possibly more if I use the GPU as well). I've been thinking about the idea of crypto trading, however.
The logic is that any coin I make from mining is essentially free money (the cost of electricity can be considered negligible for me). For that reason, if I use that coin to trade, then even if it's lost, I've done nothing more than lose free money. That got me onto the idea of trading new coins and taking advantage of frequent market fluctuations. Basically, I'd use that 20 cents to invest in a variety of new and low cost coins. If any of them reach a certain amount (perhaps a dollar, or perhaps if it the value of the coin increases by 25% or something like that), I'd immediately sell it. That probably wouldn't make a lot of money at all, but if I were to conduct many many transactions like that, I might actually be able to slowly make a profit with that 20 cents. The profit I make can then be set aside to be invested in more relatively stable coins (monero, bitcoin, dash, etc), which I could do long term trading with. After that, I continue to repeat the process.
There are a few problems I see with this: I would probably have to make hundreds of transactions based on relatively small fluctuations for this to work. For that reason, I'd probably need a bot, and a free bot probably wouldn't be able to handle this sort of thing. The tiny gains from I make from the few coins that do rise in value also might not be able to offset the losses from the coins that don't increase their value, especially considering that the particular market I'm looking into will be extremely volatile. Beyond that, the costs of currency trading could also make this non profitable.
My main question is whether or not this strategy could be viable. If it can't, is there a way I can alter the strategy in order to profit, or is it a lost cause?
There are 2 things that concern me. 1. How are you sure that the new coins you invest in would definitely yield you guaranteed profits. 2. How are you sure that many of your trades will turn out to be successful. Both of the above are very hard to achieve and so I don't think you should go with this strategy. |
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Hello I have spare $300 that my friend suggested to use to start cryptotrading, as this is the maximum amount of money affordable to lose. I have a month of free time to trade with btc. Currently I don't have income and I have three ways to set it: cryptotrading, freelancing as programmer, or full-time job. I chose to expirement and try luck with trading and freelancing, if there is no success with any for september, I will choose full-time job. If I can make about $500 per month with all of these methods or some of them, I can forget about job for a while, which is highly preferrable. So my questions are: - Can I learn and do trading for month to make at least some money(around $100-$250), while doing freelance programming? I can arrange 3-5 hours for each activity per day.
- Should I start trading on OTC exchange or regular exchange? I tried bisq to sell btc, but it seems like there you can do it with rather huge amounts of money I can't afford to make offer with. This is because of security deposit of 50% of trade amount. Maximum offer amount I can make is 150$ whereas there are more offers which range $100-$1000. They also seem more profitable for btc buyers due to less interest, than that I chose. After scrolling thorugh bitcointalk, my only options left for OTC are localbitcoins and paxful. And I don't really like any of these because of shitty customer support on both. Moreover LBC nowadays has attitude to KYC everyone, I don't like it because I would keep my personal information than send it to someone
You can do a combination of these activities. I have seen people do it and you can try it as well. Since you are keen with programming as a freelancer here is what you can do. Do some freelance projects in crypto and ask for payment in bitcoin. It is hard to find such projects but once you get it you are good to go. You will improve your skills and at the same time get paid for it in bitcoin. Invest the amount you receive into trading and earn more profit. Don't invest everything you earn. Save a percent of your income in bitcoin and invest the rest and earn and experiment with it. |
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My advice would be that if you want to learn to trade and gain experience from it then you should do short term trading as it will teach you how the market acts in various situations.
If you want to earn some money then you should try trading for a long term. This will take time but will but will eventually get you good profits.
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With more power comes more responsibilities. Bitcoin sure is a powerful technology but there are some problems with it.
For instance, lets assume the whole world starts utilizing bitcoin but since you know that the current volatility is itself too high for an asset just imagine how high it's volatility will reach if the whole world starts utilizing bitcoin. For it to be used globally, it's volatility should be decreased which is kind of difficult as per the current trend.
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I think it's because bitcoin is more popular and well known, and also those people had bitcoin only instead of other coin. And i don't find it weird, because people will choose a currency with perfect anonymity and trust worthy to trade in dark market. Maybe they're not really sure and trust other coins as much as they trust bitcoin. But this kinda makes me sad because people will surely think negatively about bitcoin again if they found out bitcoin is used often in black market.
Bitcoin sure is well known and most widely used cryptocurrency but it's not that hard to exchange it to any other coin. If people want then they can exchange it to other coins as easy as buying a chocolate. Apart from that bitcoin does not have the perfect anonymity as it is not fully anonymous. There are better coins than bitcoin which can provide better anonymity than bitcoin. Eg. Monero. |
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In reality, nobody's opinion matters when it comes to bitcoin. There have come many who predicted many things about bitcoin, while some of them may have come true the others simply didn't.
These 10 billionaires are just normal people like the others who have worked hard to be at their places. So it's necessary that whatever they say would come true.
Bitcoin being a decentralized technology has full ability to grow on it's own and it surely has. We just have to wait and see how big it grows.
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https://youtu.be/UF528l8fqKk Bitcoin is pretty much already considered Gold 2.0. Is that enough ? Does it still need to become a currency from here on ? Or is it the new "Gold Standard" that other currencies will be measured by ? It definitely isn't enough. Many countries are crypto friendly but most of the countries have not yet accepted cryptocurrencies as a payment method. So there is pretty much a long way ahead for bitcoin. Satoshi's vision was to see bitcoin being used as a globally accepted decentralized currency and that is still not been achieved. Only when bitcoin starts being used globally, we might say that now it's enough for bitcoin  |
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You could have simply asked what would you do if you had a time machine. This topic has been previously asked on this board and repeating it is a complete waste of time.
I don't get why people don't bother to use the search before even making a new topic.
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The thing is that crypto is still not accepted in many countries and is considered as drug money. So accepting it as a source of payment is kinda tough.
Though many companies have started using cryptocurrencies it is yet to be regulated in many countries.
Crypto is growing day by day and I am sure it will someday be legally accepted as a source of payment method.
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I have heard many times of WazirX and I thought they send INR to the bank but if you only get USDT and then finally have to go for P2P, what's the point of using WazirX? While dealing with INR, P2P is not at all safe.
WazirX is a peer to peer exchange. It's not like zebpay which sends the money to your bank. In order to receive money in your bank you will have to proceed with a P2P trade. Most guys on LBC got positive unless their ads won't be available on the first pages.
And also I never used Wazirx and we may not know how long we need to wait for our trade to be completed but when it comes to LBC the trade will be cancelled if the buyer or seller didn't make the payment in 90 minutes.
WazirX has an algorithm where it matches a trade and displays the payment details to the trader. If the trader does not makes the payment in 1 hour then the trade gets cancelled on its own. Then the next match is attempted and thats how it goes on. |
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And why does it matter where he is right now ?
He was a scammer and was probably arrested (not sure though)
Anyway, where he is right now shouldn't be the consideration instead we should consider spreading instructions about how to avoid such scams.
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It's really a good thing that you have a plan but I many people make a mistake by not sticking to the plan and end up regretting it later.
You have a good strategy here and so I would strictly recommend you to stick to the plan and not deviate from it.
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I have myself been inactive in this 'board' for a while since most of the posts were junk. Lately, a few members had a discussion about how we can join hands and clean the Indian board together.
I engaged in the discussion and we all decided to improve the overall quality of the Indian board. You should too join us and we can bring back the Indian board which Benson left.
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Dice Speed: Slow-Medium speed dice.
I wonder why would dice speed matter in a gambling site. At the end it just have to throw up the numbers. Is there something that I am getting wrong ? Can somebody explain why dice speed matters so much ? |
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There are a few ways by which we can find out if a site is fake or not. Googling the site would itself reveal so much information that will tell you if the site is fake or not.
Also you can look for 'whois lookup' and find out if the site is registered correctly or not. Besides that you can also find out if the site have been making regular payouts or not.
These information are quite sufficient to conclude if a site is safe to deposit your money in or not.
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