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521  Economy / Trading Discussion / Re: I have f.. up with margin trading on: May 01, 2020, 08:39:50 PM
that's what you get for trading when you don't know what you're doing. Common rookie mistake.

If you want to get your money back, you've got 2 real options;

You can either take a huge risk and try to climb your way back up with a x100 gamble, or you can slowly grind your way back up with safer bets.

I'd personally go for the latter option.
522  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: AIR DROPS ! wasting time or not? on: May 01, 2020, 06:39:06 PM
The way I see Air drops are efficient ways with some initial time investment but otherwise a way of passive income. I've just entered a few and without doing nothing in a matter of months I saw tokens in my wallet. This was a positive but I hadn't even expected anything so in the end it was just a nice surprise. Given this fact, I would strongly suggest that people don't go on relying on them for regular source of income as that would be a big mistake but rather enjoy the rewards if provided with an opportunity  Wink
523  Bitcoin / Bitcoin Discussion / Re: Will the cure of COVID or CBDC BOOST BITCOINs price this year 2020 on: May 01, 2020, 12:57:02 PM
I think its difficult to day whether curing these disease will lead to BTC price rise, and the reason I'm saying this is because first as of now we're no way near finding a cure even with collaborations at their fullest we expect a cure in early next year, at the earliest. Second is the economic damage taken as a world and how the recessions will impact buying power - its all economics really.

But the short answer is that it is unlikely curing of these disease will cause a boom in BTC, at least directly anyway but it may have a non-causative link.
524  Economy / Economics / Re: The drying oil on: April 30, 2020, 09:59:55 PM
This is where solar electric and renewable energy sources really have their time to shine.

Kick oil and other fossil fuel sources while they're down, and maybe they can get a better foothold on the industry.

Oil and fossil fuel emissions are one of the worst things for our planet (along with deforestation). It's about time the oil industry took a god damned beating.
525  Economy / Trading Discussion / Re: Correction in the next days? on: April 30, 2020, 06:39:30 PM
I am not expecting a correction.

A correction is a term that is used to describe a reversal after a significant market movement (usually over a short time frame).

If anything, the current bullish momentum is the correction following the events of Black Thursday, which saw BTC and most other cryptocurrencies get absolutely stomped in Mid-March.

I dont think we'll go far below $8,000 until some time after the halving (if only temporarily).
526  Economy / Currency exchange / Re: looking to buy $500,000 USD worth of Bitcoin. on: April 30, 2020, 04:15:10 PM
Is there any reason you're not using any of the major OTC matching platforms out there?

Practically every major exchange offers private OTC services, e.g. Kraken, Bitfinex and even Coinbase.

they'll do all the due diligence for you and negotiate the best rates, why risk your money going P2P on here?
527  Economy / Trading Discussion / Re: Why people run away from trading!!! on: April 30, 2020, 02:38:53 PM
If people don't have a trading background, patience or risk management skills, then they shouldn't be trading to begin with.

Anybody who manages to successfully run away from trading due to lacking these skills has done a good job, since they have saved themselves from getting completely destroyed when they mismanage their way to bankruptcy.

Whoever is reading this and thinking about trading.... Do your damn research first.... And no, that means far more than watching a few youtube videos on how to make money with bitcoin.

Spend a few months using demo trading tools before you begin risking your own money, and dear God stay away from leveraged trading if you're a noob.
528  Bitcoin / Bitcoin Discussion / Re: What if BTC never reaches all time high? on: April 30, 2020, 11:02:03 AM
it actually doesn't matter whether Bitcoin remains stable or continues its growth.

The only thing that really matters is the absolute number of Bitcoin users. The more users, the more Bitcoin needs to grow in value to maintain its utility, it's simple economics.

You cant have 1 billion people using a cryptocurrency with a market cap of $100 billion... That means an average distribution of $100 per person, when it should actually be more like $20,000.
529  Bitcoin / Bitcoin Discussion / Re: A game that educates people about Bitcoin on: April 30, 2020, 09:01:50 AM
Sounds very interesting.

Could you tell us more about which platform the game is going to be launched on? I'd love to see a nice mobile mini-game that is both fun and educational, maybe something like QuizUp but people can earn BTC and altcoin rewards for completing quizzes and questionaires?

Could you share some sneak previews of the current progress?
530  Economy / Economics / Re: How can the corona virus end Faster and economy reopen on: April 29, 2020, 09:29:18 PM
Realistically, the quickest way to get over the coronavirus epidemic is to simply remove all lockdown and movement restrictions.

That way, everybody will catch the virus at an increased rate, the economy will be absolutely smashed, but will begin its recovery earlier.

Alternatively, you could simply have all the old, immuno deficient and at risk individuals remain in lockdown, while everyone else goes back to normal and catches the virus to induce herd immunity.
531  Economy / Speculation / Re: Bitcoin just hit $8000 today and dropped right back on: April 29, 2020, 08:02:37 PM
Looks like it is still hovering around the $8150 mark now.

Whenever a cryptocurrency passes through a crucial resistance like $8,000, you should always expect some pull back.

In fact, resistance crosses are a great opportunity for a transient short. But you need to get in and out very quickly and run tight stop losses or you'll get completely ruined.
532  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Coinmarketcap or Coingecko? on: April 29, 2020, 06:49:22 PM
Neither platform seems to care too much about cryptocurrency exchanges faking their trading volume to get to the top of the rankings.

And they also don't seem to care about altcoins that have been pumped to the high heavens to appear on the market cap ranks.

They should only consider volume from the top 3 exchanges for these rankings, anything else is just noise.

I only use data from Messari Pro instead, since it doesn't have these flaws.
533  Economy / Service Announcements / Re: Forget about exchanger search! Use BestChange! on: April 29, 2020, 02:40:14 PM
Underrated platform right here.

BestChange has been a staple website for me for years now, and I continue to use it today to find the best cryptocurrency exchange rates.

Don't get ripped off with your crypto traders—check BestChange first!
534  Alternate cryptocurrencies / Altcoin Discussion / Re: A rare facts about top exchanges on: April 29, 2020, 12:40:29 PM
That's why the vast majority of popular exchange platforms do not run a huge number of IEOs.

Binance, for example, has only launched a single IEO in the last few months for CTSI, whereas it launched quite a few in the first half of 2019.

People also need to remember that just because an exchange has done its due diligence and is launching the IEO, it doesn't mean that the project is necessarily good for the long term. But it will likely sell through its allocation and pump in the short term.

Dont bother buying IEO coins on the open market after a few days unless you want to get rekt.
535  Alternate cryptocurrencies / Altcoin Discussion / Re: If google has its own crypto currency? on: April 28, 2020, 10:53:24 PM
I really think that Google could dominate the cryptocurrency rankings if it released a cryptocurrency.

They own by far the largest advertising network on Earth and could literally push their new coin on practically everyone.

I also heard they developed a censored search engine for China, so they could even succeed there.

Wouldn't surprise me if a bunch of corporations jump into the crypto game if Libra is a success.
536  Bitcoin / Bitcoin Discussion / Re: 26 days to the halving left, what are you expecting? on: April 28, 2020, 09:03:01 PM
I'm expecting it to follow the previous trend seen the last two times;

* Small pump in the leadup
* Small dump straight after the halving
* Large pump in the 1-2 years post halving
* Large crash in the 2 years to the 4th halving

537  Economy / Exchanges / Re: The WORST support ever. Meet Coinbase. on: April 28, 2020, 07:25:32 PM
I've had the opposite issue with Coinbase actually, though I didn't really have a technical concern.

They verified my account within literally hours after calling them telling them it was urgent and they also provided a walkthrough on exactly how to use the site over the phone back when I was a noob.

things may have changed somewhat since then, but I continue to use Coinbase to this day because of this experience.
538  Economy / Exchanges / Re: What is the best crypto exchange? on: April 28, 2020, 05:55:03 PM
You said coinbase is best for beginners. But Coinbase not support in many Countries. Currently Binance is a best exchange. I like binance and kucoin exchange. Those are easy for beginners. These exchange  are secured, trusted, great volume.
in all choices, there is always binance there. Well, I also like binance. if there is an opportunity, I trade there. however, binance has shown its success in gaining the trust of its users. maybe many exchanges also have a parallel reputation with binance, but binance remains the first choice.

I agree with the suggestions on here, Binance is definitely up there especially with its new wave of market domination. However, Coinbase is still a viable option, though my preferred exchange is Kraken. I suppose people stick to what they've experienced and its hard to change the force of habit, especially, when there's no need to.
539  Bitcoin / Bitcoin Discussion / Re: The growth of cryptocurrency on: April 28, 2020, 03:35:54 PM
Well, cryptocurrency helped me a lot, from overall knowledge about it, online transactions, having the chance to earn income at this age, and more. I have known cryptocurrency for years now (but I still have more things to learn), and since I have discovered and learned about this, it already changed my life. Not really much of a change, but an improvement. It gives me more opportunities to discover things and to earn on my own while I'm still a student. Because of crypto, I was able to buy things that I need and want, I don't need to always depend on my parents, rather I'm the one who's helping them.

It was my friend who introduced cryptocurrency to me. He taught me some basic things, and he also introduced this forum to me. After that, I study and made a research on crypto and blockchain. Now I'm here, investing, earning, and still learning.




Crypto has definitely been a market with huge growth and popularity. Since its first launching in 2008-2009, many people have become accustomed to its use across the global as a global currency and its technology has led to the spinning of lots of projects. Needless, to say that in the process the lots of people have generated good returns on their investments and many still continue to do so. Crypto is an industry with much more potential and its growth is only just beginning  Grin
540  Economy / Trading Discussion / Re: RISK and REWARD are not always correlated on: April 27, 2020, 08:37:51 PM
Well, cryptocurrencies have historically been seen as both high risk and high rewards.

But over time they have shown that the reward appears to outweigh the risk... Or maybe that's just the survivors bias talking.

I think that it's becoming less clearly whether cryptos are worth the risk in recent year, since they have not maintained the same meteoric growth seen in previous years.
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