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541  Economy / Trading Discussion / Re: Futures trading and spots trading explained briefly on: May 10, 2023, 07:23:01 AM
To understand these trading types is to look at the simple meaning of future (which means a time to come). So if we understand that simple meaning then we can explain it together in terms of trade to mean a trade to be carried out or executed in a time to come (future). So in such kind of trade, buyers and sellers agree on a trade to be carried out in a future usually a long time and commodities traded include public bonds, metals, fiat or crypto, agricultural products, animals and other other things to trade etc.

This is where spots trading comes in. Spots trading is a shorter version of futures trading. It involves short time immediate buying or selling of which it features of trading are scalping, day trading and swing.

A futures trade does not have over the night charge but that exist in spots trading as swap.

Wrong! Just use Google to research it, or simply use it even with a test account instead of guessing based on the nomenclature.
You can daytrade, scalp, or swing trade on both spot and futures. There is no such thing as "buyers and sellers agree on a trade to be carried out in a future". You can do whatever you want. buy now and sell in a second or after a year. The only difference is that in spot trading you are buying and selling real assets, and in futures trading you are not even tauching a real coin/bond/metal. In spot trading, you need to have the asset to sell it (or borrow it from someone who has it), in futures you only need to find a person willing to buy, and you can sell as much as you want. You are just finding a person who is willing to accept the opposite side of the transaction, and no one has to own a coin. You just agree with each other that from now on I earn on the rising price and you on the falling price.
542  Alternate cryptocurrencies / Altcoin Discussion / Re: New coin - PEPE on: May 10, 2023, 07:08:59 AM
$PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. the coin is completely useless and for entertainment purposes only.

What an entertainment! Why read books, skydive, play games, meet others, when you can put your savings into a shitcoin with a capitalization of nearly $ 1 billion. $ 1 billion for a meme...
It is mostly the money of manipulated people. Manipulated with the vision of quick buck by the whole marketing machine based on the psychology of depth.

Pepe is tired of watching everyone play hot potato with the endless derivative ShibaCumGMElonKishuTurboAssFlokiMoon Inu coins. The Inu’s have had their day. It’s time for the most recognizable meme in the world to take his reign as king of the memes.
This token is simply paying homage to a meme we all love and recognize.

Dogecoin was a true meme coins. Funny for some, an interesting social experiment for others. Everything after the doge is just an attempt to catch the train of all the scammers. Repeating a joke that no longer amuses anyone and only deceives amateurs of quick profits without knowledge of the risks.

Pepe is here to make memecoins great again.



We don't want it. We want to invest in new technologies, watch how the market develops, as it becomes available to everyone and displaces traditional finances ... and not give money to scammers launching the manipulation machine to inflate the price of another shitcoin.
543  Economy / Trading Discussion / Re: Best Place to buy Physical Gold on: May 10, 2023, 06:37:31 AM
I know this is an awful place to ask this question but please know that I am also bitcoin holder. Do any of you buy physical gold where they ship it to you and if so from where? Just throw me a link to the spot and I'll do my research from there. There just seems to be alot of places to choose from and not all can be trusted.

No worries. There are many gold investors in here because hold is also a system collapse hedge type of deal. We are not a "bitcoin the only god, bitcoin the only savior" kind of sect Smiley

Where are you from? often local mints issue their gold coins. You can use local retailers and buy in person. I don't think shipping halfway around the world is needed here. What is important to me when buying physical gold is to avoid KYC
and leaving any trace of yourself (so preferably cash payment). So that then the local government wouldn't pursue me like in the USA in 1933, when they come up with a gold ban "
Executive Order No. 6102"
544  Alternate cryptocurrencies / Altcoin Discussion / Re: Lawyer for insurance claim for devaluation of staked USDC on: May 09, 2023, 03:02:51 PM
I have staked USDC on a centralized platform that has reinvested it into UST...

Was the financial operation related to this financial instrument (USDC staking on this platform) described in TOS? Meaning, were you informed that this is how your USDC will be used and that you are taking the financial risk of it? if it was so-called "defi staking" and everything was described in the description, then I'm sorry to say but you should take responsibility. It was a risk/reward type of deal. You earn on luna not collapsing by taking a risk of luna collapsing.

If, on the other hand, you were not informed that you were exposed to UST and its possible collapse, then I think a lawyer will be useful here.
545  Bitcoin / Bitcoin Discussion / Re: 'Attack on Bitcoin’ Claims Circulate as Transaction Fees Climb Higher on: May 09, 2023, 01:57:49 PM
it doesn't matter who is responsible for the attack and what types of transactions are flooding the blockchain... someone is paying for this.

"For instance, in the case of bitcoin, each valid block encompasses an average of 2000 transactions."
https://originstamp.com/blog/how-many-blocks-are-in-a-blockchain/

"Bitcoin Average Transaction Fee is at a current level of 30.91"
https://ycharts.com/indicators/bitcoin_average_transaction_fee

so you have 60 000$ per 10 min = 9 mln $ per day. No matter if its bitcoin attacker that wanted the price to collapse, or pepe kids excited about new use case, sooner or later they will run out of cash. And there will be only one winner. bitcoin miners = bitcoin security = bitcoin network
546  Bitcoin / Bitcoin Discussion / Re: Bitcoin's problems are visible as never before on: May 09, 2023, 12:47:11 PM
Has the era of bitcoin passed as the number 1 cryptocurrency?
Or is it a move to strangle his price?

"Bitcoin has died 474 times"

Every chain that have active users and is not centralized was congested at least once. its normal. Either we will fix it with a fork, or people who are currently spamming the network will run out of cash and everything will go back to normal. Ether was stuck because of crypto cats, defi bubble, nft bubble, even 1inch airdrop affected in spike in fees. 

Nothing to see here, its just another "bitcoin is dead" event.
547  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I believe this might be the Binance's new bitcoin - maybe a 1000$ per token on: May 09, 2023, 12:36:05 PM
this coin is the first proof of burn concept created. due to low supply and originality binance could be interested somehow and list it.

everything has risks. it's all about betting. manage your money wisely. thanks

Binance won't list a 2 YO project that is slowly dying. They list projects that generates high volume, no matter how shitty this project is just like they listed PEPE few days ago. SATOZ daily volume is below 1000$.

They also list projects of which they are business angels or those who pay dearly. Not a proof of stake token build on proof of stake chain with fake proof of burn mechanism to cheat investors with 200k marketcap.
548  Local / Polski / Re: Bitcoin na giełdach zdecentralizowanych - pytanie on: May 09, 2023, 12:05:11 PM
Hmmm... Czyli to pewnie jakiś spisek giełd CEX żeby dawać zarobić tylko im! Wink

"Bisq to zdecentralizowana giełda kryptowalut założona w . Obecnie na giełdzie dostępnych jest wiele walut (5) i pary handlowe (16). 24-godzinny wolumen Bisq jest zgłoszony na poziomie 82 928,62 $,"
https://www.coingecko.com/pl/gie%C5%82dy/bisq

Dzienny wolumen całej gieldy to 80k$. Spready sięgają 10% a całość bardziej przypomina platwormę do dogadywania się między jednostkami niż szybkie, wydajne swapy na innych chainach.

Ale swoją droga to dzine, że rynek już nie ma pomysłu na nic wartościowego, zajmuje się meme coinami, handlem obrazkami małp i odmienia defi przez wszystkie przypadki, a nie potrafi zrobić dobrego bridga/swapa.
549  Economy / Trading Discussion / Re: I found a trading strategy that blew my mind! on: May 08, 2023, 02:53:46 PM
Are there any loopholes in here? What do you guys think?
The author makes 2 fundamental mistakes. The first is small-sample error and the second is confusing correlation with causality. in every noise you can see some patterns, but this does not mean that they are permanent,
and will be repeated in the future and mean something more than fortune-telling from tea leaves or fingerprints and that's what we see here. In my opinion, there is no regularity here, only a temporary correlation, if at all.

CME volumens are too low compared to large crypto exchanges to matter.

550  Bitcoin / Bitcoin Discussion / Re: Bitcoin succeeds on: May 08, 2023, 02:26:09 PM
1- you think BTC is going to 1 mln $
2- you have 1 mln $
3- you buy 30 BTC @ 30k$/BTC and wait
4- you enjoy 29 mln $ profit

That's what normal people do. Coinbase CTO go to twitter to made a bet, risking the same 1 mln $, but to earn 1 mln $ intead of 29 mln $.

So it was the dumbest bet in a history of dumb bets maybe ever... betting against the CTO of Coinbase, all you had to do was hedge the bitcoin exposure and enjoy almost free money.

It was just pure marketing.
551  Local / Polski / Re: Bitcoin na giełdach zdecentralizowanych - pytanie on: May 06, 2023, 12:37:42 PM
Też nie spotkałem się z takim dexem. Zwykle dexy działają wewnątrz jednego chaina. A na sieci bitcoina nie ma jeszcze stablecoinów czy innych tokenów z którymi można by tworzyć pary walutowe. Jest kilka cross-chain swapów (np. hashflow), ale są rzadkością i żaden z nich nie ma zintegrowanego bitcoina tak samo zresztą jak i wielu innych popularnych chainów (np. trx). Może bitcoin nie jest jeszcze na to gotowy? Musisz więc korzystać z innych sieci a co za tym idzie z zwrapowanego bitcoina. Możesz próbować dogadać się z kimś P2P, nawet tu na forum, albo skorzystać z bitomatu jeśli niechęć do cexów i KYC powoduje, że szukasz alternatyw.
odwrapowanie bitcoina pewnie nie będzie tańsze niż wypłata z binance.
552  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I believe this might be the Binance's new bitcoin - maybe a 1000$ per token on: May 06, 2023, 10:10:13 AM
This is clearly the weakness of all of those coins that try to make their project seem more desirable by burning a great deal of their supply, the truth is that if a coin does not really have a use case which it solves by an innovative use of technology then that coin is useless, no matter how intensively their supporters argue against this fact, and for what I can see about this coin the only way it could achieve anywhere near the success the OP wants is if a bunch of speculators invested in it just because, something that I doubt.

The only burning that matters is when a project generates regular profits, part of which is allocated to lowering the supply. Increasing supply to decrease supply is like sitting in a sandbox and pouring sand from mold to mold in the hope that it will somehow move the entire sandbox setting it on a trip to the moon.
553  Local / Polski / Re: Ordinals NFT na sieci Bitcoina on: May 06, 2023, 10:03:42 AM
No to nam się bitcoin zapchał. Obecnie 280 000 transakcji czeka na dopisanie do sieci, co przebiło rekordy z 2018 roku.



@garlonicon @vjudeu Jak myślicie, jak poważny jest to problem? Z tego co czytam, to albo sam autor nie wie (na przykład przypisując zapchanie sieci bańką na meme coinach), albo wie ale tłumaczy tak, że ja nie ogarniam Smiley
554  Economy / Economics / Re: Western Alliance shares on: May 05, 2023, 07:40:27 AM
What do you think, will we face more banks, more difficulties, or has the worst already happened?

I think we are not even close to "worst already happened"

the current collapse is aleady bigger than 2008 trigger event:


https://www.nextbigfuture.com/2023/05/worst-year-in-us-bank-failures-will-get-worse.html

and that's how it went:


https://twitter.com/byHeatherLong/status/1653036404241309699

The housing bubble is also bigger than in 2008. More blood is yet to come.
555  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Only 89 days left for Litecoin Halving event! on: May 05, 2023, 07:32:16 AM
Just like with BTC, each consecutive halving has lower fundamential impact on price:

1st halving was important. It reduced monetary inflation from 25% to 12%. Thats a big deal. Second halving decreased monetary inflation from 9% to 4,5%. Now we are getting closer and closer to the 4th halving that will reduce bitcoin monetary inflation from like 1.5% to 0.7%. Both numbers are negligible compared to 8% official CPI in US, 10% in EU or 80% in countries like Turkey. So my bet is that halvings fundamental impact on bitcoin price is getting lower and lower with every next halving in oppose to macro data, FED decisions, interest rates, recessions etc. Bitcoin will be more like an asset that act sometimes like gold on steroids sometimes like sp500 on steroids rather than it will fallow "bubble x days before each halving scheme"

I don't expect any effect on the price. Other factors will play a much more important role, such as the environment (f.e. bear/bull market on bitcoin). Especially since the previous halving did not give much, so unlike bitcoin halvings, there is not even a psychological impact on the price here.
556  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I believe this might be the Binance's new bitcoin - maybe a 1000$ per token on: May 05, 2023, 07:00:03 AM
Satozhi (SATOZ) has a maximum total supply of 21 million, with a current circulating supply of 10 million, which means that almost 50% of Satozhi's circulation has been burned using the PoB protocol.

XDXD

Who cares? what is the problem of creating a token, generating 1 billion units out of thin air, putting 1 million into circulation, and burning remaining 999 million worth 0$? That's how we got a project that has 99.9% of the tokens burned ... only it's no different than a project that just has 1 million tokens and nothing has been burned.

The PoB protocol allows users to burn their tokens to get mining rights and rewards. Every 10 minutes, 50 Satozhi are generated as rewards and distributed automatically and fairly among the burners, without any human intervention. Satozhi (SATOZ) aims to solve the problems of resource consumption and inefficiency that plague traditional coin mining methods, such as CPU, GPU, and ASIC mining. Satozhi (SATOZ) also offers various decentralized products, such as Virtual Minting Tool (VMT), which is a unique protocol that enables VMT creators to sell their work not only as a digital item or a single value, but also as a lifetime mining reward. Satozhi (SATOZ) can be traded on several markets, such as PancakeSwap, BitMart, Hotbit, Dodo BSC, and more to come. THE MORE YOU BURN, THE MORE YOU'LL RECIEVE.

Ohh so its like you burn 40 of your tokens to get 50 freshly generated from the air. isn't that the same as locking/staking 40 tokens and getting 10 tokens every block as reward? the net result for supply is the same - +10 tokens per block. So the whole project is based on building a POS token (with an additional marketing layer designed to confuse investors) placed on the POS blockchain. So the whole project makes no sense.
557  Economy / Economics / Re: So is SBF the reason for the possible upcoming global finance crash? on: May 05, 2023, 06:43:16 AM
So did this originate from SBF? Can he bad the actual cause of a huge financial collapse?

The total size of SBF and FTX collapse is around $10B. But a lot of that is air-inflated shitcoins. The real impact on the fiat positions of banks was probably negligible (like $1-5B?) compared to the whole catastrophe we are currently seeing:



In my opinion, not such businesses collapsed and the banks managed. For example evergrade:

"How big is the Evergrande problem?
$300 billion
Evergrande, China's most indebted developer with $300 billion in liabilities, has been at the heart of the country's real estate troubles since last year. It defaulted on its US dollar bonds in December after scrambling for months to raise cash to repay creditors, suppliers and"
https://www.cnn.com/2022/08/01/economy/china-evergrande-miss-deadline-restructuring-plan-intl-hnk/index.html

There is no need to look for the guilty among individual bank customers. the real problem is a broken banking and financial system. if everything worked well, then one client wouldn't be able to do anything dangerous

558  Bitcoin / Bitcoin Discussion / Re: FED raises fund rate and Signal possible paused on: May 04, 2023, 06:32:33 PM
First Republic was rescued by the FDIC and JP Morgan.

First Republic Bank customers was rescued not bank. Bank is dead and everyone will pay for it.

So this event a few hours from now I think 4 hours from now it is possible that Bitcoin's value will pump 35k$ or more and suddenly dump up to 25k$ if its minor lower high is not broken.

i don't think there is any event that can push btc price +20% in 4 hours. Its not 2015 anymore.


And of course what the FED is still avoiding here is that if the interest rate increases too much, it will end up in a Recession which they also don't want to happen. Because the FED has only two enemies here, INFLATION, that's why it raises the interest rate, but as they continue to rise, the banks are put in trouble. And their latest here is the FRC (First Republic was rescued by the FDIC and JP Morgan.

not only two enemies. Market participants that see what is going on also play an important role. And now seems to scream "check" giving many signs of doubt in the power of the FED.
559  Local / Alternatywne kryptowaluty / Re: Fenomen BNB (Fundamenty ALT/USD) on: May 03, 2023, 10:42:22 AM
nowy lauchpool binance - SUI

Dziś rusza handel na tym tokenie. Chciałem wszystkich przestrzec przed wskakiwaniem na gorąco i kupowaniem. Robię to, bo widzę, że zarówno twitter jak i youtube pełny jest filmików shillujących ten projekt nawet w języku polskim, nawet wśród największych "celebrytów krypto". Chodzą plotki, że projekt jest tworzony przez zespół libry (którą tworzył facebook) a sam jest niesamowicie innowacyjnym pogromcą SOL (jakby było co pogromiać po upadku FTX XD), konkurent Aptosa, o którym było głośno jakieś pół roku temu. A czemu przestrzegam? Bo oficjalny handel na sui startuje za 2 godziny, a od 2 tygodni handlowalny jest SUI IOU z ceną ponad 2.5$:

"Please note that this page only reflects the price of the IOU, which may not be transferable across exchanges. Exercise caution while trading and always DYOR. To view the native SUI asset, which has yet to go live, please click here. "
https://coinmarketcap.com/currencies/sui-iou/

A ta cena odpowiada kapitalizacji równej 25 mld $, czyli więcej niż XRP - okolice top 5 CMC co jest absurdem dla świeżo odpalonego projektu bez produktu i bazy użytkowników. Najlepiej odpuścić, bo projekt jest przehypowany. Nie ważne jak innowacyjny pomysł maja, wciąż to tylko pomysł, bez produktu, wyceniony tak wysoko jak firmy - eBay, HP, dell, EA, które już teraz dostarczają produkt, który używa cały świat.
560  Economy / Speculation / Re: Halving effects, how long they will last? on: May 03, 2023, 06:18:25 AM
Every 4 years, we expect bull market just because of halving. What do you think when is this chain is going to broken? Ie, halving no longer equals that bull market is coming.

50 BTC each block times 788 040 blocks = 39 mln BTC - we would have such a supply of bitcoin today if there were no halvings.
19,5 mln BTC - current supply.
It means that all 3 halvings together reduced current supply by half. so if we assume that the capitalization more or less corresponds to the amount of capital pumped into the project (project with fair coin distribution) and we assumed it to be a constant in the equation, then all the halvings we have had so far can only be responsible for doubling the price. Nothing more. 20x after first halving was not caused by halving. I still think people confuse correlation with causation.
Especially now they pay too much attention to halving, when in real terms each subsequent halving is less important for the foundations of bitcoin.

1st halving was important. It reduced monetary inflation from 25% to 12%. Thats a big deal. Second halving decreased monetary inflation from 9% to 4,5%. Now we are getting closer and closer to the 4th halving that will reduce bitcoin monetary inflation from like 1.5% to 0.7%. Both numbers are negligible compared to 8% official CPI in US, 10% in EU or 80% in countries like Turkey. So my bet is that halvings fundamental impact on bitcoin price is getting lower and lower with every next halving in oppose to macro data, FED decisions, interest rates, recessions etc. Bitcoin will be more like an asset that act sometimes like gold on steroids sometimes like sp500 on steroids rather than it will fallow "bubble x days before each halving scheme"

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