The problem is that it never really feels good doing that. My worst fear is that the exchange out of nothing just demands KYC verification. It's literally you playing Russian roulette with your funds. In my case it would mean that I have to let the exchange own my coins for ever, because I'm definitely not going to send my personal information to any of the current non-KYC exchanges.

On Ethereum it would be peanuts to exchange your Ether to Tether but with Bitcoin you in most cases will need to take on some degree of counterparty risk. 

Why no recent trades? I'm happy that those trades have been profitable for you, but it doesn't take all that much knowhow when you trade a wide variety of altcoins and have a few coins be profitable for you, while the rest made you lose money, which we don't see. All we see here is profit.

It would add more relevance to your thread if you list the most recent trades without only picking the profitable ones, that's how we can see the ratio between losing and profitable trades. Also, a trader is only as good as his most recent trade history. If your prior trades were profitable but the more recent ones not, then that's not really a good thing. Just my two satoshies.

Fair concern. I stopped saying to people I know for a long time when I entered this space. Just because I entered in early 2013 people's first assumption is that I am a millionaire right now, which I wish was true, but that's not the case. I kinda get why they think that, but it's quite narrow minded at the same time.

My main speech when I introduce myself as Bitcoiner is that I got rekt in 2017/2018 and slowly start adding small chunks to my position. With this in mind, I have mad respect for those who constantly promote Bitcoin in public and are known to be extremely wealthy. I'm sure there are plenty enough dumb criminals still thinking that Bitcoin is anonymous and can't be traced, which makes you a walking target. 

It's much easier to do it on social media platforms privately and it's damn effective too.

It's pointless to charge ridiculous sums of money from the hackers when you don't know if they'll ever be able to cough it up. It's just as pointless as sentencing someone to hundreds of years of imprisonment.

In certain countries there is the death penalty. If the death penalty isn't enough to prevent people from committing crimes, what would a silly fine do that people will never be able to pay off? If you're already fined like millions, the next couple of millions in extra fines won't change anything at all so you can basically continue stealing from innocent people.

People just need to be even more careful about how they store/secure their cryptos. It's once again a sign that mass adoption is far away.

Calm down. Everything that's happening price wise is quite bullish indeed, but there is no point in exaggerating. It's going to be a real struggle to get near $14,000 again, and even if we get there, that alone could be reason for a lot of sellers to jump in and start dumping the price down.

What makes $14,000 so important isn't just that it is a level with psychological importance, but slightly below that level is where we have Bitcoin's highest ever monthly close. It's common sense that it will trigger huge selling volumes. I'll happily join the bullish moon boy narrative when we have a higher monthly close than that, but for now it's important to not think too far ahead.

Being realistic helps coping with disappointment of not seeing a huge bull run much easier.

It's definitely a huge upgrade if it goes through, but the thing is that so many people are already prepared for that upgrade that I doubt we'll see much happen apart from some sort of a pump. Nothing too crazy. It can also be seen by how many people have bought 32-64-128ETH for staking purposes. The block halving is at least guaranteed to happen, while this upgrade is not guaranteed to happen at all.

It's not even that long ago where people were speculating on STO's to be the next big thing for Ethereum and spark the next +$1000 bull run, but I don't see many people talking about STO's anymore. It's like people have accepted that it was a complete failure in terms of bullish price action.

Just don't calculate your profits already (i.e. don't order your lambo yet). 

People in crypto are retarded.

Institutions are perfectly happy trading Bitcoin during a boring day because that is still good for 1-2% movements, while tranditional markets generally move about a tenth of that during a boring trading day. In these traditional markets it's normal to use leverage to boost your upside, while in crypto it's somewhat unnecessary, but people are accustomed to this risk now.

I still trade spot from time to time without leverage and I'm super happy when I make a gain. I don't have to worry about getting liquidated due to killer wicks we see a lot on platforms such as Bitmex. Whenever I am trading on Bitmex the highest leverage I go with is either 2 or 3x (mostly 2x). Why add more unnecessary risk? Profit is profit.

This isn't the stock market. In the stock market you can choose between various industries and invest in real companies.

In crypto you can choose between Bitcoin and a ton of shitcoins. I wouldn't recommend anyone to buy shitcoins unless you accept that there is a very real possibility that you lose most of your money. If you purely focus on the charts, then it's clear that apart from a few newer coins, Bitcoin throughout the years has done better than the rest of the crypto market.

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I have zero risk management when it comes to my hodl stack, but have strict risk management for my speculation stack. I set myself target levels as to where I want to be out of the market, and this usually works pretty well for me. If needed, I'm happy to take a small loss in order to prevent further losses.

Furthermore I closely monitor the daily moving averages and enter/exit positions based on what I deem a change of behavior. My current position is well in the profit, but will exit the moment the price has closed or is about to close below the 21EMA. In this case I do not have a target level in mind to cash out at. I'll ride this run out as long as possible.

I know of Australian exchanges that have been shut down by the authorities, but not of any that performed an exit scam. I think this might be due to the fact that a lot of services in Australia are very small services where you can buy and sell coins from and to the service, and not like an exchange sell into an orderbook.

If a small service performs an exit scam, it's less likely to be covered by news outlets unless some crappy news outlet bot auto copy and release the news it found somewhere on a site.

In the end, scams and hacks haven't ever really caused a problem to any crypto ecosystem. Where one exchange goes down, multiple pop up trying to take over that market share.

Come on..... If your intention is to launch a serious exchange then you should definitely pick a better domain name/brand for your exchange. In all honesty, this domain looks like a classic scam/scheme "exchange" that we have seen exit scam within 12 months. People need confidence when they use an exchange, not be scared off, which is the case right now.

Also; http://whois.domaintools.com/initialcoin.exchange

Only registering your domain for 12 months isn't signalling much confidence. Most serious services register their domains 5-10 years ahead. If you have 1BTC to reward testers with, can't you just spend $50-$100 to register your domain for 5-10 years?

If it's okay with you, can you share that withdrawal address? If not that's fine too. In case the funds have been sent to an exchange, you could choose to notify the exchange in question and see how far you come, but they will very likely demand evidence of actual theft. In other words, I would pressure bitcoin dot com to release more data such as the IP's. I don't see why they will show you the withdrawal address but not the IP.

I do not like Roger, but I highly doubt that he or his staff is repsonsible for the theft. I can be completely wrong of course, but it to me looks like a classic case of a hacker having had access to OP's system and stole the funds. Or, the site has been compromised, but if that was the case there would have been more complaints on both the Bitcoin and BCash side, which isn't the case.

Compliance will play a big role, but when BSV benefits from compliance, so will hundreds/thousands of other altcoins. Nothing really special.

In all honesty, there isn't much of a difference between BSV and BCH. BCH has smaller blocks in comparison, but will expand when the demand knocks on the door for an upgrade. That's how things theoretically should go. Neither chain will however gain actual adoption as envisioned by the creators, hence the reason they spam their own network to make it appear active.

I'm pretty sure that we will have a fork of BSV's "original" vision this year as well. What version of BSV will you then support?

It doesn't matter how you refer to BSV. It's still just a chain that's not actually being used. BSV's "use" at this point is a few weather and price fetching applications creating a lot of transactions non-stop. Is this the use you envisioned BSV to have?

Also, your master CSW absolutely hates USDT and exchanges, yet it's that exact stablecoin being used to pump the price of BSV on shady exchanges such as OKEx and Huobi.

https://coinmarketcap.com/currencies/bitcoin-sv/markets/reported/

Compared to a large variety of altcoins BSV is slow, more centralized, not even the cheapest, not suited for complex applications, etc. How is the enterprise world going to use that chain with plenty of more suitable alternatives available. I'm not even talking about how toxic the backers of BSV are, which in itself is already a huge no go for serious businesses.

It's quite a good start when you take into consideration that the month of january isn't usually Bitcoin's best month. I think what contributed to this is how altcoins seem to be breaking bullish, and when that happens they help lift Bitcoin up too, while usually it's Bitcoin lifting altcoins up.

It's definitely going to be interesting to see where this goes and how traders will react just before/after the halving because that does present a solid sell the news type of event. Might be worth getting into a short if I spot signs of weakness early enough, but all that will translate into is a huge opportunity to buy the dip and add to your hodl stack.

Gold is holding strong too, which might help boost people's confidence in Bitcoin since the correlation between the two assets has been quite significant in the last 6-8 months. Currently it's hovering around $1580 but I'm confident that it will reach ~$1700 before the end of the year. Whether it will hold that level remains to be seen, but that's something to think about later.

https://goldprice.org/

It looks like peanuts if you put it like that, but I'm pretty certain that it's not going to be like that. There is plenty of resistance and potential big money exit points below $20,000 that will make it a real struggle to print a new all time high. The whole dynamic of the market changes after that because you're visiting territory not visited before, and that's usually when you see the huge moves follow.

People during 2017 called the top of the next all time high every $1000 the price went up but failed until the CME market went live and we started to correct from $20,000. I can see that happen again, but the most important factor is to break that high. I honestly wouldn't even dare to call a price once we do break that high because the sky is the limit. It could peak at $50,000 or over $100,000...

I will only start securing profits once there is a clear indication of a downtrend on the weekly time frame. That means I will not sell the top, but that doesn't really matter. I rather not miss out by selling too early.

That makes sense. I have been looking at how trustless exchanges on Ethereum work and I have to say that I'm very impressed with the state of the whole ecosystem. It's so easy to exchange one ERC20 token for the other on one of the several dexes that I hope to see Bitcoin adopt some of these features as well.

That's how you make centralized exchanges asking for KYC and whatnot obsolete. It has been the goal for many people since the very beginning and it's getting closer and closer, but it seems that Bitcoin itself has still a lot of catching up to do in order to stop seeing the gap with Ethereum widen further on that front.

They can but don't want to. It's pretty obvious that every outlet reports about Bitcoin the way the owner wants news about Bitcoin to be reported. Considering that most traditional bobos don't like Bitcoin, they let their outlets spew this type of nonsense. The same pretty much happens around election time. It's just what the owners want/allow you to read.

Dark web is just part of the economy, whether it's the fiat or crypto economy, it doesn't really matter. Anyone blaming Bitcoin for being used by criminals should also stop using their fiat currency. Fiat and Bitcoin are nothing but tools you can use or abuse. It's the authorities' job to chase after the criminals on top of the food chain. These criminals tend to be found abusing fiat way more so than Bitcoin.

It's incredibly hard to get money out of this ecosystem so what's better than to continue dealing with fiat?

Come on..... Guaranteed profits do not exist. If a service/reseller claims that you can make guaranteed profits it's an outright scam.

You shouldn't have ANY expectations of profit just because it's a bot and does the work for you. It could wipe out your entire balance just as easily as it could bring you profit. Bots are programmed by humans, and when humans have a "guaranteed" profit strategy, do you seriously believe they would allow you to tap into that success for a tiny subscription fee? Definitely not.

I saw a wall street documentary on TV where the main subject was how bots took over the market in the last decade. One of the most successful trading division of a financial institution had a losing streak of 3 weeks! If the pros with their multi million setups and research/knowledge can't even guarantee profits, how will some retail bot do so?

It's not impossible if you apply leverage, but it's impossible to do consistently day after day. It would be more like a gamble rather than an actual well thought out trade. Some you will win, but most you will lose, especially if you do it often enough.

That dude is just talking crap. Neither do I believe he is making any profits to begin with. The way he refers to 30-50% daily profit as a good start just shows that he is not an actual trader. Most people would be super duper happy with 30-50% in a year and he considers such daily profits a good start..... dude must be a billionaire by now. 

Next thread I expect someone to refer to 500% in daily profits as a good start.

Ah well, at least the useful purpose he is serving right now is as counter indicator. Him being bullish on Bitcoin yielded absolutely nothing, so him turning bearish is what I consider bullish.

In the end, it shouldn't come as a surprise that when people become broke or make some poor investment decisions where they have few Bitcoins left, they become a shitcoiner hoping that their bags will pump hard and make up for the losses suffered. You can't go back in time to buy Bitcoin at $500-$1000 but you can hope that your cheap shitcoins pump to the moon.

McAfee is criminal on the run. A drug addict. A compulsive liar. Can't think of anything good that he did for the space in general.