This reminds me everyday of wallstreetbets and how everybody there (or at least 99%) are bearish on the stock market and they either short the S&P500 or buy some puts. They have been doing this for the entire last month, many shorted the bottom and right now they are starting to realise, what if the bottom is in?

Same with bitcoin, sure on the charts it looks bearish, especially at the 8K area where it initially dropped from however you need to take into account the fundamentals which are not shown in the technical charts. For one there is the halving. For two its following the stock markets which are in an uptrend despite the unemployment numbers and loss of growth.

Hence just because it looks like a good short trade, doesn't always mean it will work out that way. Similar to the stock market.

You are not suppose to automatically sell or short when it goes to a resistance line. You wait and see what happens at that line. Whether this is bitcoin, altcoins, stocks, commodities, etc.

If you end up entering a bunch of trades at those areas you will end up with tons of loses. Sure your line might hold however you need confirmation first. If it goes there and its rejected and then starts making newer lows and failed highs then you look to short right after. Sure you don't get the best price because you are chasing essentially but neither is entering in an area which might end up being a huge bull trap.

This is why so many people ended up shorting $6K back in early 2019 and they all ended up losing badly because it had absolutely no effect like $6K did back in 2018.

You need to understand that the purpose of a faucet is just to try out to site before you make a deposit to make sure its up to your liking. Its not a way how to earn a living by claiming a faucet and hoping to catch a 9900x winner and do a min withdraw. This is why most gambling sites don't have a faucet due to abuse and the ones that do they offer very little. Basically fractions of a penny. Even if you by some miracle make enough to make a min withdraw, most will just deny the withdraw.




Besides the first 3 gamblers, the rest all had very little roll-over. Keep in mind that you don't need to do much  work to get a roll over of 1 BTC. Most likely they are adveritsing somewhere else like Reddit or some other websites. What gives this away is that they have an affiliate program , most of those usually get tons of traffic from "bitcoin gambling review" sites which want to reap the affiliate incomes.

Maybe your prediction for BTC, ETH and maybe XRP will come true but the rest will most likely never reach those prices. Do you really see Bitcoin SV at $600?

China will take a long time to recover because you need to understand that most of the stuff that American's buy from China will not return to a normal trend for years. Basically nobody will be buying $1000 iPhones anymore they will just keep their old phone, same for other luxary goods that they don't require. Most people I know they got a credit card bill that is only 50% of what they normally pay. People will get used to saving money and it will affect many sectors and it will hurt China alot most likely.

Also factor in that most people will be unemployed and no money to buy goods made from China. Hence the next 5 years or so can be a difficult time for China. Because the USA needs to recover first before China can recover since American's consume most of the China goods along with the rest of the world.

Its dependent on the exchange. Some exchanges like Bittrex they require KYC for any amount of BTC you want to withdraw. Remember what happened back in 2017? So many people got their coins frozen by the exchange because they had to complete KYC to be able to do a withdraw. Whether it was 0.01 BTC or 1 BTC.

With Binanace the amount you deposit doesn't matter its how much you try and withdraw a day, you can't go over 2 BTC. There are other exchanges like this also. However keep in mind that 2 BTC is alot these days and most likely this figure will decrease in the future.

Also you don't need to remember your password because you can always reset it, the issue is with 2FA. If you are using some exchange like Bitmex with a VPN and you put in a fake name and forget your 2FA you will get issues. Because if you forget your 2FA they need to KYC you to prove you are the account holder. This is why never forget your 2FA. Always write down the recovery code.

I don't think right now the crypto adoption is increasing due to COVID, but the adoption to the markets is increasing in general since the stock market crash in the middle of March.

If you look at Google trends for "buy stocks" you will see it hit record interest last month. I think many people are getting into the markets because its cheap. So bitcoin needs some catalyst to gain more adoption especially by the retail market. One easy way would be to break the ATH of 2017, this actually might happen due to the inflation going on with the fed.

So it will be like 2017 all over again, where we break ATH, and keep breaking every week or so and get massive influx of new users into the crypto space. However that is far away from happening right now. Most of my friends rather invest in TSLA or APPL stock rather than buy bitcoin even though the returns might be much higher.

Well generally what he is saying is what most people are speculating will happen.

In the near term, bitcoin might suffer due to the correlation with stock markets. However with the unlimited QE and inflation about the hit the markets, assets such as bitcoin especially with the halving will really begin to take-off.

Issue is that it won't happen in the near term. Too many people are overly bullish because of the halving date next month, however it might not have an effect until maybe 6-12 months later.

First we need the corona virus numbers to start to flatten and go down or have some vaccine which is near approval. The next few months are very uncertain for many people.

Just because something is faster and uses more power doesn't mean you will easily ROI. I am not sure what bitmain has released lately however in the past, most of their miners were very overpriced. Also there is the halving which is happening next month. I don't think its a guaranteed ROI.

Guaranteed ROI is maybe if you buy some second hand motherboards, cpu, gpu, psu, ram, etc and mine with very low power cost and sell it a year or 2 later to recoup some of your costs.

Currently the only people who are mining profitability right now are huge farms with cheap power or people who live at some student housing/office work which has free electricity available with their lease. For most residential people its just not profitable right now at all.

He created another thread in the gambling section about why his TRX balance disappeared. Upon investigating it turns out he used the exact same username and password for all his sites, maybe even his email. He first started to blame Stake and saying it was some bug and wanted a refund.

Then it turns out that you can't withdraw $2 worth of TRX so most likely the hacker kept gambling hoping to hit the min withdraw amount but ended up losing the entire balance. Stunna already replied in that thread. He also admitted to not using 2FA. And after all this he still wants to get a refund.

You don't need to keep an offline password manager, you just need to use a different password for every site and use 2FA. It would be way too hectic to type of a unique password if you are using over 100 different website, this is why most people just use the password manager in their browser with 2FA.

This is actually what happened a few years back when there was a alt-coin called Raiblocks. Right now I think its called Nano. It was basically proof of human and you had to solve captcha puzzles to earn coins. It was similar to proof of work but instead of an ASIC doing the work, it had to be an actual human.

The coin finally hit some exchanges and all of a sudden the Captcha solver services all went up in value and there actually was a way to earn a living doing it 16 hours a day if you lived in some 3rd world country, however there was some abuse going on and it was delisted from Cryptopia and the prices again fell.

Either way, you need to understand that by clicking ads or solving captcha's you will never get rich. This is why most people just gamble their own BTC because the earning potential is huge. When you solve captcha's and get faucet earnings you will never make any decent money that way. This is why many casinos just removed the faucets all together to combat abuse.

Scalping is great because you can earn large % of profit however in reality its very difficult to do so profitabily. You are better off trading the higher timeframes like H4 and D1 rather than trading the M1. Sure we all want to be daytraders for a living but there is so much noise at the M1 level that there is a small percentage of traders that actually earn a living this way.

Most large traders just take trades off the H4-W1 charts because they want to follow the trend, they also got larger stops since their take profit is much larger, hence they got a large Risk reward ratio compared to scalping which is usually 1:1. Also with scalping you need to consider the spread and commissions that go along with it, so if you are scalping for half a percent of profit then your net profit will be very small right after fees, even with derivative brokers. With longer term trading the commissions don't really make much difference.

Regarding Bitmex,

Which has been KYC free for years and has been a great exchange and never had any issues (except the lags and outages from time to time) there was a twitter post discovered by someone that found that they are hiring some AML personnel last month.

We don't know whether that means they will need to comply with KYC or if it just means to keep certain accounts from doing any type of laundering. They are mostly deposit/withdraw BTC with no fiat, so its possible that they might stay KYC free however that job listing is making alot of people cautious and there has been many withdraws lately from their cold storage wallets.

The trend is still bullish until we hit the $8000 area where we fell hard and had that nasty crash last month. The issue is that it seems to be following S&P 500 if you were trading earlier both of them had a huge down move earlier. So if the stock markets are finally going to make LH and LL then I can see BTC retest the $4000 area.

However I wouldn't short yet, and in the $8K area I would wait for confirmation to short. Too many people want to short the $8K area which makes me cautious about opening any positions there. Plus who knows when the stock markets could turn. The S&P500 might end up makin a new ATH before it finally starts breaking down and breaks the low of March. Currently on the hourly its bullish and who even knows if they will stay correlated in the future. BTC might trade sideways or go down while S&P500 keeps going up and up or vice versa.

Right now there is almost nothing worth mining beside ETH and ETC. With XMR its mostly geared towards CPUs. So when you can no longer mine due to the large DAG you are out of luck. Your best bet is to list it on Craiglist and some gamer will buy it. You can sell the 4GB for like $70 and buy another second hand 8GB for like $90-$100 or so from another miner. Most gamers don't need GPUs larger than 4GB.

I don't know what is going on with ProgPOW, but if the switch is made then maybe the DAG will be removed or calculated differently , so maybe hold on to them for now and see what the future brings. However even with the ProgPOW eliminating or reducing the DAG, the price of ETH in general needs to increase for it to be worthwhile. Currently there is almost no profit unless you are hodl'ing for years to come. When it almost reached $300 it was pretty profitable for home miners but now it looks like it might retest the $100 area again depending on what the stock market is doing.

Most people aren't mining right now because its not profitable. Unless you got sub $0.05 kwh power, then you are making pretty much nothing. Hence why there is so many GPUs and other mining gear for sale out there.

Pretty soon with the BTC halving there is going to be tons of ASICs on the market. I think most people these days are just speculating and trading their BTC, and some people are gambling with their BTC. Currently there is little activity in the mining section of bitcointalk compared to say last year or peak of 2018. You can mine for fun as a hobby or just hodl the coins that you mine and sell in a few years. Who knows, maybe the way inflation is going BTC might hit a new ATH and so can ETH sometime in the next 5 years.

If you want a mining setup that is going to last a few years then you need to go the GPU route since ASICs are obsolete pretty quickly. Right now unfortunately unless there is some crazy FOMO and ETH doubles in value or triples there isn't much profit to be made.

Take a RX 470 8GB GPU for example, at the moment with $0.10 kwh power, which is the industry household average, you will make $0 per day. Basically all your profits are going towards electricity costs.

The best time to mine was 2016 thru 2018 and you would of ROI'd your cards a few times over, best would of been if you held most of the mined ETH in 2016 and sold at peak in 2018, would of been a millionaire pretty much with 1 rig. Now who knows where the future will take us. My advice just buy the coins and HODL and hope for the best.

I think its time to put this topic to rest, basically its over 4 pages long and its been over a week since the OP replied and most likely he won't be active in this topic again. People are saying the same thing over and over again and its becoming repetitive.

I don't understand why the OP created a new thread instead of just posting in the already active Freebitco.in thread where he would of gotten the same support. Because people create these new threads and very quickly the topic reaches a conclusion however people still keep posting without reading any posts except the main post.

We already know what the logs will show, it is probably somebody using VPN or TOR and they basically had to gamble because they couldn't withdraw the small balance. The proof is how you re-used the same password everywhere and didn't use 2FA.

If you only just enabled 2FA then even with a re-used password you would of been protected. Just download Google Authenticator on your phone and start using it ASAP. I would also change your email password as well if its the same because if someone has access to your email they can easily reset any password. Another area where 2FA would help you. You should also enable 2FA on your email account to be safe. Good luck.

You need to realize that one reason why the crash was so dramatic was because in February people were calling for new 2019 highs and even new ATH due to the approaching halvening.

I remember so many people were loading up on Bitcoin when it hit $10K because it seemed like a great price to buy. Many did on leverage and they are the ones who caused this huge crash. Basically way too many over leveraged longs had to be liquidated and nobody on the other side of that trade. If you watch the Bitmex cold storage wallets you will see people sent many BTC into their accounts to prevent getting liquidated while everybody else did nothing, ran out of margin and were liquidated.

Here is the issue with bitcoin at the moment, its correlated with most world equity indicies like SPX500 and DOW30.

Sure they are inflating the dollar, and while BTC is deflationary currency its still follows many risk-on assets. Go to tradingview and click the + button and add an indices like SPX500 and look at an H4 chart and see how well they follow one another.

With all these corona infections and high unemployment numbers its only a matter of time when SP500 breaks the low of March and heads lower and will bitcoin follow? It might and have a big crash like before.