I thought that those giveaways were like just staged back in the days. I guess it is MrBeast being MrBeast. I first knew that guy when there was like that Pewdiepie trend back in the day and Mr Beast like advertised him really hard.
Let's see how these goes though.
There's always a possibility of it being staged(at least one or a few); but MrBeast have been doing these sort of "game giveways" for so long now that it's got to the point that them having to stage their game competitions is most probably very unlikely. And add to the fact that if they get caught staging stuff? The MrBeast brand itself would collapse, which he definitely doesn't want to happen. It would be very unwise for him to risk the reputation of such a huge brand. |
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The chances of losing in spot trading isn't big compared with other like futures, because you had a freedom on your holdings. It's up to us when to do the trading and you can actually set your target price based on your goals. Once it will hit the bids, then successfully you're going to take your profit.
It's not like you don't have "freedom" with futures, and the likeliness of you losing or winning your trade still depends on your trading decisions, not necessarily the sort of "type" of trading you're doing. You could just as easily lose money with spot trading if you don't know what you're doing(or if you're buying crappy assets). |
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As I mentioned in the topic, I currently have 20% funds in futures. But if the market is good, I think I will accept futures with 50% capital at most.
The question though is, can you actually accurately assess the markets if it's "good" or not? Because if you mean going 50% when prices are going up, then there's a chance you're just having FOMO, and you're most probably going to have a really really bad time in the end. |
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To be honest, I think coinbase could have spent the money in a more productive manner because there's hardly anyone who watches Mr. Beast will ever check out who's the sponsor and all. Most of the audience that watches his videos are people who just want to watch some fund videos.
That's a very bad take. FTX has been sponsoring gaming communities and has been killing it because of those sponsorships. And to add to that, it's really smart to target the younger demographic, the demographic that's likely to grasp the concept of digital assets. I mean, what do you recommend? Coinbase to sponsor cryptocurrency-related companies whereas their users likely have heard of Coinbase already? |
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You do realize that "most relevant and important news" and "best buy NFT's" are totally subjective right? It's like asking CoinMarketCap to only list the projects that will go up in the future or like ask Nike to have a separate category for shoes that look good.
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Maybe this has something to do with the person's character. To be honest, I am a relatively conservative person now, so for me, 50% of the futures may be the maximum limit. (Before this, I used to trade frequently. At that time, 100% of my funds were futures, and I suffered a miserable loss)
thanks for your advice. I will look for an investment advisor as soon as possible.
50% for "fun trading" is really really high no matter who you ask. But maybe you're a teenager that has money to burn so if that's the case then I guess it's fine. It's your money in the first place. As for investment advisors, if you actually look for one, chances are he/she will tell you to not put money into cryptocurrencies, or only allocate a really really small amount. If you're looking for a sort of "online investment advisor", yeah, no. The best option is still to do your own research and learn the ropes yourself. |
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It's very positive news but at the same time the trouble that user has to go through doesn't worth and in this case I mean, you have to create account, get KYC verified, deposit bitcoins and then fund others. Will people really do that just for twitter?
Maybe, or maybe not. What's good is that people have the option to do so if they want to. And not only that, the fact that Twitter users can use bitcoin itself is good news, as it sorts of gives more "legitimacy" to bitcoin as an asset to those who still think in 2021 that bitcoin is a scam. |
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The problem is that anyone with 51% or more of the hash power has complete control of the block chain.
Yes, obviously. But we're just talking about theoretics here. Assuming we're using a blockchain that's actual decentralized enough to conduct such operation. Just like bitcoin, as per my example. |
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What are you saying actually makes sense, but I was talking about an intraday trading opportunity, and I've noticed something very interesting (let me know if it could work and if it's correct): theorically it is "impossible" for a coin to instantly dump in its first listing hours, just because you can't sell a coin you don't have.
Then we have the case of a coin that went through an IEO, so many people already have the coin, but the majority (unless we are talking about a shitty project) of the projects plan a vesting schedule, keeping the money locked, for a certain period of time, in order to avoid such dumps.
I'm saying this because I was checking out all the recent listings that occurred on Binance, no instant dumps (I'm talking about no dumps at the very beginning of the listing, obviously the people, once they bought a the start, are gonna sell, so the result is a green candle with a very long upper shadow with no lower shadow) in any of those.
Does this make sense for you?
I'm really not sure about the candlesticks, because based on my experience most tokens aren't immediately sold on custodial exchanges, but instead on swap DEXs like Sushi and UniSwap, so no candlesticks and charts are available for viewing. |
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A problem with a block chain based election is that in order to win an election, you must have 51% of the vote, which is the same amount needed to change the outcome of the vote (via a 51% attack).
So, in effect the winner of the election is the side with the most hash power.
Don't you think it won't make sense to use hashpower to count votes? Rather than something utterly simple as every single person has a designated wallet address, and 1 very low valued transaction to a certain candidate's address will count as the vote. ^Most probably a really bad example, but you get what I mean. Unless I misunderstood what you said, of course. |
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Pretty simple. If you actually like the project and want to invest in it, then go buy in. And sure, it could drop down, but if you actually think it's going to be worth a lot more in the future, then what's a potential 10-30% drop?
In a trading sense though, it's pretty much a gamble. I'd say close to 50-50 in a sense that you really don't know if early investors will dump or not, unless you have the connections.
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I know a bit about cryptocurrency since i got involved with it in 2017 but i don't follow everything about it everyday.
As always, do your research and make the decision yourself. Ain't a good idea to invest if you're not willing to put in the work. But if you really don't want to put in the work or if you don't have the time to do so, then probably just go with bitcoin. |
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It sure seems like they're going to require KYC/AML. And while it sucks for sure, can we really blame them? It's highly like that Twitter allowing non-KYC money sending(even if it's just a front-end UI thing, not necessarily them facilitating the transactions) is just going to get themselves in trouble with the government.
In the end, while again— it sucks, this is still in no doubt positive in my book.
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Afaik the best and/or reputables ones are AngelList, CoinList, and SushiSwap's Miso. So far it seems like they're decent at filtering out scams. (AngelList and CoinList requires AML/KYC)
As for the "good ones" it's totally up to you to decide upon that. These platforms won't do your homework for you lol. Their job in the first place is to facilitate funding for projects, not necessarily list the best ones.
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First of all the price is set by the project team. And they decide it according to the Total/Circulating supply of the currency. Then it’s decided by the communities / traders according to the demand and usage od that currency. In one word we can say crypto price is decided by it’s supply, demand and it’s usage.
The team decides upon the supply cap and the supply distribution, not necessarily the price. So, taking into account all that has been said above, it seems that the way the price is set is different in the case of Bitcoin compared to many other cryptocurrencies. I suppose that the question should be answered on a case-by-case basis (while it may be true that as a general rule it is set by supply and demand) as fundamentals usually differ enormously.
The law of supply and demand and the way CoinMarketCap/CoinGecko scrapes price information from multiple crypto exchanges is literally the same for every single cryptocurrency. |
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Not just that, but MrBeast fans are extremely loyal and if they can get him $10 by signing up for something then they will. Once they sign up, they do the freebies and get a couple bucks, and then they start buying Bitcoin.  Nice to see Coinbase putting their money towards something cool. I hope they also sponsor a video for his food bank. Yep, good to see them thinking outside of the box a bit and to laser-target the demographic that's highly likely to be bitcoin/crypto holders/users in the long-term. Because if they don't, FTX is going to definitely eat their lunch with so much moves SBF is doing. |
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How does trading futures make your risk:reward ratio 50:50? Futures trading just means that you're betting on a certain asset reaching a certain price on a specific time.
Maybe you're referring to trading with leverage? And if so, while it sure makes it riskier, how does it make your risk:reward ratio 50:50?
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I have this suspicion that many people, a significant portion of the total population of Bitcoin supporters, have first heard of Bitcoin from a Ponzi or a fake investment opportunity or whatever scam. At least this is my observation in a developing country, although I also fell victim to a Bitcoin investment scam myself when I was working abroad.
For sure. Most of those scams target people in sort of "normie" social media sites such as Facebook whereas there's a bigger demographic of older, technically-illiterate people that knows nothing about bitcoin. And add the fact that they probably have heard of people making fortunes with bitcoin in the past.. " look, a bitcoin investment site that gives me 20% daily, it's my turn to get rich!" |
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You simply just remember that there's no guarantees of being successful when trading. Or not even just trading, with literally everything in life— relationships, businesses, etc. You simply over-perform while setting your expectations low.
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Can I conclude that the Exchange software is setting the price? Of course, the price is set based on the demand/supply but that software takes care that in case a whale will buy a coin (as example), the price will not stay unchanged.
Is the exchange software the ones that buys and sells the coins? No, it's the users (in terms of entities, not back end technicalities). Saying that the exchange software is what sets the price is like saying the Bitcointalk SMF forum software is what makes topics and posts replies. |
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