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July 09, 2024, 08:12:11 AM *
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61  Economy / Exchanges / Re: Updates to Binance’s Services in Turkey on: July 03, 2024, 09:16:40 AM
It appears Turkey is looking to decrease the usage from their locals.

A couple of changes:

In line with these regulations, Binance.com will remain accessible from Turkey. However, there will be some adjustments to our services:

1. Language Options: Turkish language selection will be turned off gradually within 3 months  for Binance.com services.

2. Marketing Activities: All direct marketing activities for Turkish users will be completely halted.

For a country with 17% english speakers and low english proficiency index, removing the local language could be a big hit. They could still use the automatic translation from google for instance but at some point, they'd have to leave some stuff to faith because machine translation could have several inaccuracies. I can't speak about others but I wouldn't wanna second guess every action I make.
I do not see any strong issue here, once it is money, people will find their way around it. For me, I think the reason is beyond the decrease in the Binance population in that country because, many would have opened their Binance account already and if it is positive for them, they will not abandon it due to the mere language regulations. Also, in another view, this is Binance announcing and not the Turkish government, it might not even have to do with regulation as claimed by Binance, you can't trust them, it might be to reduce the extra money Binance is spending in a way.

If it is entirely English, they will spend the same as other countries but once it is Turkish, they might be spending more for some kind of interpretation, marketing and coding to make it more local. I don't see any reason why the Turkish government would be demarking their local language when their citizens can still find their way around the English language. If that is the case, then it is ill-advised in my opinion.
62  Economy / Economics / Re: Inflation and Deflation of Price and Money Supply on: July 03, 2024, 09:00:49 AM
To stay safe from this inflation we need to invest our money in right things like Gold ETF, Share market etc. Investment doesn't only save you from losing the real value of money of its purchasing power, at the same time its's also help economy to grow faster and stronger.

I personally prefer an approach of adjusting my personal financial preferences and needs, for example saving some of our wealth in physical property and this was also done by people before us (our parents before) and this can also be considered as one of the smart steps in mitigating this incident. The bottom line is that properties often increase in value over time.
Investing in the right assets is the best way to go, and if one will not do that, a viable alternative is to invest in the shares or investment packages that will hand you nothing less than 20% p.a. This is now common in my country, so it is doable. Better still, one may vary the investment in the form of diversification, and as a fact, this is the best approach I've known in the investment world.

The purchasing power of the national currency of most countries is always devalued due to many factors, and instead of shifting blame, we should rather plan for our future. If my country is to be used as a case study here, you will cry for the citizens who have been saving their money their entire lives of service (35 years). By now, if I do not exaggerate, the money would have devalued more than 550 times the initial value of when they started the savings.

This is absurd and painful, all your life work will be as if you did nothing, so instead of keeping it in the bank, let it work for you or at least convert it to some properties that will not devalue over time.
63  Economy / Speculation / Re: I AM DCA-ING on: July 03, 2024, 08:35:43 AM
I type the title twice because I am not sure if the word DCA-ing exist. I know of the DOLLAR COST AVERAGE (DCA), but I don't know if it will be correct in gerund form. w/e. Crashing in an inn while BTC is crashing. Some people are panicking because they don't know if the bull run has come and gone (The shortest bull run). I AM DCA-ING, I'LL TELL YOU WHY. It's because I'm a bad trader and I KNOW I'M A BAD TRADER. You guys can spot the low and buy in LUMP. The weak hands will say IT'S GOING DOWN, I'LL SELL. You give your BTC at discount to the whales. For me, if BTC up, I'LL BUY, if BTC down, I'LL BUY. I am not lossing like you because I buy at HIGH and LOW (average). I don't buy with my house rent or with the bucks for beer. I buy with the money I was supposed to save in FIAT.
Now I don't bother if BULL RUN comes or not. If it doesn't  happen we wait for 2029/30.
I don't lose, you can only lose if you sell to traders. Remember BTC has halved again, it is more scarce and if you sell your children and grand children not gonna have any BTC left for them.
Let me start by saying DCAing is very correct if you join it together, it's contemporary English, it doesn't have to follow the old rules. As for the discussion itself, well, you should first know the difference between trading and investment, for this, I do not see you as a bad trader but a bad investor. All your plans can only say of a desperate investor that doesn't have any regard for the investment rules, and this could also mean that you are just an extremist regarding Bitcoin, this is why you can be saying you do not care about the outcome but just invest. What if something unforeseen happened negatively and you lose too much?

This is why I like to always tell us the Bitcoin investors to cool down, we should think before we act and also see Bitcoin as an asset, and not one god-asset, otherwise, it will cloud our judgment and that can't be good. All assets have their good and bad days, which is why investors should be smart and not sentimental, even as we use our economic data and technical charts. The two will now agree for us to have reasonable investment decisions instead of just investing without a basis.

Fine, the DCA approach is a good one, and had it been it's the only one you talked about I wouldn't have given it much thought, but referencing Buy and Buy is not good for a serious investor, we should be ready to act appropriately. Even at this high level of Bitcoin, DCAing is increasingly becoming risky, although the downwards retracement from $71,000+ in a few weeks has limited the risk by a few.
64  Other / Meta / Re: retiring an account in the age of AI on: July 03, 2024, 08:11:58 AM
so it occurs to me that an AI could be trained on an abandoned users posts to the point of it being able to mimic the original account holder. it could mimic the original account holder to the point of fooling casual inspection.

so to permanently retire an account (mine for example) i thought of asking a bunch of DT1 etc to red paint my account with neg trust and say its toast and done. the object being to make the account useless as to the point its no longer of value.

but the AI impersonation bit disturbs me as i can see it happening. or am i in tinfoil land again.

any comments welcome
With reference to your first point above, it will even be difficult to catch some users using AIs that way. And since there are no specific forum tools to catch them, many will not be punished and more will even go advanced next time so that they are not caught like the ones that are getting away with it.

Again, I like people who have been clamouring for contexts like this, I think the forum should also well-define AI use and declare war against it in full in its own way. The permanent banning of the guilty ones will be good, and if the accounts are severally tagged as well, it will still serve the same purpose. This is because the reason why most of them are too lazy to post but using AI is that they have many accounts they want to build for campaigns. Tagging these accounts would have made them useless for that purpose and they would be forced to abandon them.

Notwithstanding, how to detect these accounts is still a headache now.
65  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin and not any Altcoin? on: July 02, 2024, 06:24:17 PM
What is your most important pro Bitcoin argument?
We know many Altcoins want to be better compared to Bitcoin but have failed so far
Please share here and also add a short comment why it is your most important Bitcoin argument.

My most important Bitcoin argument is PoW because PoW really ensures Bitcoin is safe and can't be attacked very easily, like it is possible for PoS, for example.
Whether it's a PoW or PoS, it doesn't matter, the two are even far from what I think is an important difference here. Have you seen the PoW or PoS not delivering their functions? So this is irrelevant. What's relevant is that Bitcoin will always be the number one and the most trusted cryptocurrency in terms of payments, trading and investments, it is not going anywhere. But you can be sure that many other altcoins will be delisted over time. This makes them unreliable and the fact that they are more prone to manipulation due to their low liquidity is another issue.

You may think this is not possible (the delisting), but when there are stricter regulations in the future you will understand what I mean. However, the top renowned altcoins will always make it like Bitcoin and I like to say that I do not draw any difference between Bitcoin and altcoins anymore, especially the top-rated ones. Do you know why? Bitcoin is not perfect itself, and as it has some advantages over altcoins, many altcoins have advantages over it too.

Now, the best is for them to coexist so that we can choose the ones we want to use depending on what we want to achieve with them (purpose).
66  Economy / Economics / Re: Bitcoin or Gold on: July 02, 2024, 05:50:52 PM
Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... Grin
My advice for you is to avoid dwelling in the past but in the present and be hopeful of the future. Bitcoin has done the unexpected in the past and that has gone, it will never happen in that magnitude again, the rest will be some kind of a few multiple returns on your investment. Nothing like the past will repeat itself like many would say here.

Notwithstanding, if you are smart enough, you can be waiting for Bitcoin to fall very well during the bearish season and buy it. This approach alone can enrich you if you have a sizable amount of money invested in it. You can imagine those who bought Bitcoin in late 2022, despite not moving more than 20 times like before will still make at least 4 times their capital since they struck it low. That's the gist.

As for the one to choose between Bitcoin and Gold, if it is for trading, I choose Gold, but if it is an investment, I choose Bitcoin. And since investment is less risky, it is a good call for you to choose Gold. Just follow my earlier advice and you will be fine, however, you need a lot of patience.
67  Economy / Trading Discussion / Re: Most Traders are Not Profitable on: July 02, 2024, 05:16:27 PM
Profit depends on us, how we make decisions so that we receive profits or losses, if we have deepened the knowledge of trading we can easily minimize losses, and we are not rash in making decisions so that we suffer losses, that way we can choose how to so that we don't suffer losses, therefore we need knowledge first before we start trading and we can also take safe steps when coin prices start to decline, and don't think too much because prices start to fall, that way we can overcome the mental us more calmly.
Sure. Knowledge has a big role to make the decision. If we have good knowledge, we can be easier to make the right decision. So, it is not so difficult to make profits. But if we have lack of knowledge, how we can make the right decision? The decision will always depend on the knowledge. That's why it is very important to keep learning although we already traded for a long time. Sometimes, the market trend changes, we must consider more factors to make a decision. If we stop learning, we may have no improvement in our knowledge. So we may make the same mistake in making the decision.




Actually, having a trading knowledge is cool but it really depends on the skills and experience. That's why it's really hard just to rely on your trading knowledge but if you don't have the experience then you will just lose your money.

And traders will be profitable if they are earning $100+ a day if they are doing future trading, and on spot trader it would be $500 - 1000 a month
You are making a good point but you still did not explain it well. It's true that the traders who are relying on what they know will not achieve anything, but when they are experienced, they have a better chance of success. However, the experience as they call it doesn't automatically translate into success, it is the right application of what you are experienced in that will deliver success into your hands. Practically, let's view it this way, we can't say most of those who are failing in trading are not experienced, can we? That should have spoken volumes already. One may gain the highest trading experience in the world but still lose, while a person with a simple experience, but notwithstanding, knows how to utilize it well and becomes very successful in it.

I know all the rudiments of trading and I conclude that trading is very simple, yet people are losing massively in it. This can only mean they are doing something wrong despite being experienced, and if the issue is not in the experience, then there is a certain missing link, which can only be on how they apply things wrongly despite knowing everything already. This could extend to the psychological aspect as well.
68  Alternate cryptocurrencies / Altcoin Discussion / Re: How can you be profitable with airdrops? on: July 02, 2024, 04:55:54 PM
anyway my question is actually how can you actually be profitable with airdrops? i personally have not participated in one (yet, i am very interested in doing so) so i have no idea how many tokens are given for free for each address? is it just one or two? if so, how is that profitable when a lot of projects don’t even reach $1 and it will just be luck if it reaches three digits

i got curious because in that post i saw, many said that you can earn two to three digits (in us dollars) with airdrops so how are you profitable if you have 5 tokens from airdrops and its ath reaches just about a dollar?
First, write at the back of your mind that airdrops are luck, no one knows it all, and the one you think will deliver the huge money into your hands might disappoint you, while the ones you think will disappoint you could be the one that will deliver the actual results. If you can do some bounty work and various tasks, there is no problem, you are qualified. But you should know that free money will come with some tasks which could be annoying at times as those people are using you for marketing purposes.

However, if you are lucky and can complete all, you may smile but know that many are scams too, so be careful. Such scams will never give you what they promised while some will lure you into involving your money and still disappear with it. Just be careful. That said, the compensation through airdrops may vary, you may earn a ridiculously low amount due to the worthlessness of the token or the amount they give you, or you can be happy with the thousands of dollars depending on the project and how lucky you are. Even if it is $50, it is money if you paid nothing for it.

DYOR diligently!
69  Other / Meta / Re: Artificial Intelligence on the Forum on: July 02, 2024, 02:45:05 PM
What does the forum staff think about AI-generated posts?
Should we report those posts to moderators?
Should AI text be quoted?
Should users make the AI-Busters (Just like we have the Spam-Busters)?
Can users get nuked if they only post AI-generated content?

I know there are some other topics related to AI like this one https://bitcointalk.org/index.php?topic=5445074.60 but i don't see any intervention from the staff on that thread, that's why i place this questions to know how should we proceed about this topic as users.
Sorry, I'm just seeing this and I like to reply to the OP directly.

The AI-generated posts or alleged posts are not new on this forum, but I wonder if there is a good purpose for this if not for cheating. You can't tell me you are posting an AI-generated post for a genuine reason if not for alts sake. Because the required words and characters to be posted by the forum and campaigns are not burdensome to the point that someone can't do the writing by himself. AI posts should be frowned upon if found abused.

However, I am not entirely against the use of AIs but it must be used rightly. How can you ask a question from an AI and copy and paste it directly, or even tell the AI to auto-post for you? That is bad. If at all you use AI, you ask what you do not know, just like you ask Google and others, learn it to educate yourself, and then use what it taught you to construct your post, simple! If you must write what the AI answered, you should only quote some parts and even reference the AI you quoted. Anything aside this is plagiarism and I believe this forum frowns on it and if found should be reported.
70  Economy / Service Discussion / Re: participating in the forum in order to be able to access campain in the future on: July 02, 2024, 02:21:16 PM
I bet it's 2 or 3 Indian "call centers" creating most of the content here lol
You sounded like one from a guy who keep posting one liner from Trading discussion board and asking how to get into signature campaign, then tell people that most content here are bizarre when he's the one creating it.

while the last post was playfully provocative, interacting here is indeed bizarre, cause all the posts are semi-robotic.
You may feel/see it that way but certainly is not entirely true, humans are mostly behind the posts here. If you give it time to check it well, you will discover this but you must not be biased about it to be able to know the truth. Because you seem to have concluded what is happening here in your mind which is supposed not to be so. Fine, there will always be bad actors, but there are also seasoned and genuine intentions.

That said, anyone caught in the practice that doesn't attract quality to the forums is being called out and probably banned. This is what we can continue to do, nothing is perfect. Also, we should not pretend that everybody knows how to write quality English or construct very well without missing their tenses and all that.

What is happening on this forum as a few faults is not isolated as well, it is happening everywhere.
71  Economy / Economics / Re: acquiring many properties in the name of owning an asset on: July 02, 2024, 02:01:33 PM
It baffles me how some wealthy people in our society, instead of owning few productive properties that will stand as assets which will generate proceeds for them, they often enter into owning so many properties which some of them are left in dilapidated state and some of these wealthy men doesn't even know how many properties they've got because of how numerous they have become and sometimes some of the people who either stand as agents, witnesses or attorney that was involved in the business dealings hijacks some of these properties without the knowledge of the owner simply because they also have some of the owners documents in their possession.
Acquiring properties is good but it must be done sensibly as well. If it has come to the level of agents conspiring to deprive you of your properties, then you do not know what you are doing. All properties should be well-documented and periodically audited for maintenance and accountability with the involvement of your lawyer(s). This is not new to the rich men who earned their money through legal means or at least the means they can defend under any circumstances, unlike those who are buying properties through illegalities and proxies like shell corporation arrangements that are now popular among money launderers.

Quote
                     My question is that is it advisable to own too many properties that are unproductive with the expectations that they would stand as aids to us in the future or should we just own few assets and make sure they are of the best standards and are generating money for us regularly?
Once it is being termed an asset, it is never worthless, it is valuable and will always sustain what it's being called. And yes, it is good to have your properties/assets, they will not betray you as a wealthy person (to keep the status) when you need them. This is especially true when all fails, they will not fail you. In reality, this is what many business gurus fall back on when other things fail them even as I watched a documentary of a wealthy Indian billionaire that went from tens of billions of dollars to $0 a few decades ago. He is still living fine today due to the assets he had bought when things were rosy. And of course, this is a very good way to indirectly Insure the future of your children and loved ones.

For this, you can never go wrong with the asset purchase, but just be accountable for them and not just buy and forget them.
72  Economy / Economics / Re: Take care of your money and learn to save. on: July 02, 2024, 01:35:58 PM
-snip-
The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well. 

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.
You are on point my friend, who cares about what people call me, I live my life the best way I know possible that will be void of any faults or excuses. These people will be the ones that will help you squander the money if care is not taken and will still turn their backs on you and still paint you badly behind your back when the money is no more. They will keep a close distance when it is rosy and you will be almost alone, if not all alone when there is nothing anymore. Many had been affected by this in the past and some people have tested friends in this regard despite just pretending to be poor, but most of the friends failed. So it is better we are wise and smart, it is our money, our lives and our future, and we should plan very well for it, human beings can betray.

This is not about being stingy or not, and not that you will still not dole out money but this must be done sensibly. Like your advice, there should be good portions of the money we make for special purposes. Some could be for retirement savings plans, others could be for investment/business, physical projects that can be called our assets, while the last set may be for what we spend. By this, we do not leave our lives for chance, otherwise, people might feel sorry for the person. I can point to many of them today who are now former rich people due to a lack of smartness and proper planning.
73  Economy / Reputation / Re: Bounty cheater with multiple alts on: July 02, 2024, 07:25:14 AM
In case you are not aware [I doubt you are not], we have a dedicated topic to find alt accounts. For every alt finding we really do not need separate topics.

It’s not possible for the OP to post in there since that thread doesn’t allow newbie to post a report until they rank up to member. They can just post the link of this thread on that investigation thread as reference for his report.

This rules was stated on the OP of the thread that you share. This topic is right to post here.
It is very right in my opinion even if there are no restrictions because the OP is not the first person to have done this without any complaints. This is a reputation section and it's open for everybody and cases may be independent, so it mustn't always be how people want it for everybody. Calling out some specific cases like this in a newly opened thread makes it better readable and attracts more readers than lumping it in one thread, so why the section when indirectly creating a subsection?

I only hope the OP can be more explanatory next time, if not for the BSC addresses, I found it difficult to understand what he was even saying. And I wonder why he used a new account to allege someone of alts. He doesn't seem to be a new member here in all sense of reasoning.
74  Economy / Gambling discussion / Re: 2024 U.S. Presidential Election Bets! on: July 02, 2024, 07:07:52 AM
...

🍑

. Also, this debate was a boring one as well. Surely Biden looked terrible, but Trump looked not as good as I imagined neither, he seems to be getting older too, definitely better in the brain compared to Biden, but I know a 98 year old grandma (not mine) that is smarter than Biden, so it is not really that weird.

That is why is preferable to go straight to summaries about the debate on YouTube instead of following it live on the night it takes place. I knew this was going to be a lackluster debate from the beginning, because how it was being picture by both political sides in the United States. It was not about actual politics or national policies, you know. It was rather a show to see who was going to glitch and commit a mistake first in front of the nation. Trump was allowed to say whatever he wanted in front of the camera, unchallenged and was not fact checking from Biden on those lies said by Trump whatsoever.

Also, the cognitive condition of someone in their 80s and 90s does not only depends on their age, it also depends on other things, like genes and lifestyle. There are relatively young people who have cognitive problems, because of things they could not control from the beginning, sadly.
I align with you 100% on this and indeed there is no politics here, it's plain, CNN was fair and those who are rating the Biden's performance low are right, it's obvious. The only issue is that, after the debate, many are now politicizing it which the Biden side are trying to downplay though. Well, the record is there, Biden is a huge force in the US political affairs and has worked perfectly in many sensitive capacities without scoring low like what happened in the debate but did excellently well. For this, any right-thinking person will know that age is surely telling, and this is not about comparing it with the issues that are possible also at the young age, such never happened when he was younger, so it can only be the age.

He also complained about a sour throat which I like to believe as well because I can decipher a slight change in his voice, something must have caused that. Regardless, we should not always look at the performance of debates like that, we should rather look at the ingenuity and commitment to do the right thing. Trump is a pathetic liar, he can't be trusted, and CNN, as usual, was able to fact-checked 30 lies from him within that short time, I wonder how many lies he would have told if given 24 hours, he lacks integrity. But on the part of Biden, they rather call his own 9 lies or misleading facts, which may either be true or overexaggerated. I think I see better integrity in one than the other and no matter what happens in debates, it doesn't necessarily means a true performs in the office.
75  Economy / Speculation / Re: Are we going to experience above $80k in this month of July. on: July 02, 2024, 06:43:51 AM
Happy new month guys, am still learning to improve, I brought this topic to know what people are expecting in this month of July, We have experienced above $70k in this year but the major price many people are waiting to experience from the bull season in this year is $80k above, do you believe that this price will come to pass in this month of July We just entered? Based on the recent moved of the price of bitcoins, I think it will going to move above $80k in this month of July before the lowest price will surface in the market for people to know the bear season has started again.
Anything that made Bitcoin hit $80,000 again is a bullish call for it which I do not see coming for now. I stopped having so much expectation on Bitcoin in June, despite having the strong bullish call at the start of the month, it ended woefully. I never expected Bitcoin to hit the $58,000 area in June but that was the reality as it dropped more than $12,000 and it was like a dream. Going forward, I will tread carefully and rather act according to reality using the guidance of my trading chart.

It is possible the coin move higher, however, breaching and holding above the $62,120 1W TrendMagic resistance level is very important which can help it climb higher. It has breached the level already but I hope it sustains the holding above it. Better assurance will also surface if a bullish price action can be seen again on the weekly chart, this will add credence to this view and might be one of the reasons that Bitcoin will rebound higher to reset the resistance at $71,950. A break above that level is expected to retest the ATH of about $73,850 and the final breach of this level must happen before we ever think of the market hitting $80,000 for any reason.
76  Alternate cryptocurrencies / Altcoin Discussion / Re: Over 100 million players on Hamster Kombat 🤯 on: July 02, 2024, 06:24:40 AM
An exaggerated reward was given in Not Coin for a tap event, that is, for a simple game. For now, the community has turned to the Hamster game and is spending hours trying to gain something from it. I was curious too, so I installed it on Telegram to check it out. I spend about ten minutes a day playing the game at most, so I don't think I'll gain anything. In general, I don't think there will be an airdrop like Not Coin.

The aidrop that are interesting are the ones people don't know about or the ones people don't take serious and Notcoin was just the last I think few people were lucky to get. After the first one, the rest wouldn't cook, either they scam people or just waste their time over nothing and that's how I see Hamster Kombat, they don't have anything special to give, how are they going to provide liquidity to pay about 200 millions of players? That's too much.
You are one of the most sensible people I've read regarding this context, people are often gullible and do not have the deep thought to conclude on the feasibility of some matters. Let me start by saying that the Hamster Kombat's claim may not even be true, it was over 100 million people before, but as I am writing, they are claiming they have grown exponentially to above 150 million players. If you search anything online too, that's the same message all websites and channels are passing across unverified, but are they really true? I guess not.

I tried to investigate a little and I discovered they are only lying. Do you know why? No Hamster Kombat participants who will not be tasked to join their Telegram channel or follow them on X, but if you check their followers on the two, you will see that they are far below 50 million. The people that cannot tell a common truth about the number of players they have, how can tell the truth about the disbursements of tokens? And you are very right about the liquidity, what value can they possibly give to their players that will cover them? This is unless they give them a token that is worthless, something like $0.01 for 50,000,000 HMSTR worth or worse. I will still not conclude for them but what I see now is that they are using the huge audience to make money for themselves by using them for various marketing purposes.
77  Bitcoin / Bitcoin Discussion / Re: For me, Bitcoin is just a financial Game. on: July 01, 2024, 10:02:34 PM
Firstly, despite Bitcoin's distinctiveness and its own complexity compared to other financial forms like fiat currency, gold, etc., its essence remains "money."
Secondly, the price volatility of Bitcoin is highly enticing; it constantly alters our psychology, which is why I refer to Bitcoin as a financial game.
You are right in a way but this can't be entirely right because Bitcoin can do what fiat currencies can do, so if everything surrounding Bitcoin is a financial game, then everything about fiat currencies is as well. But this is not true in reality, it is only some certain aspect they are using them for that can attest to that. Take the buying and selling of your Bitcoin and the use of it to pay and receive money as an example, these are not jokes, no games here.

Personally, they've helped me better in overcoming the cheating and the barrier in cross-border payment. But still, when it comes to staking, trading, investment etc, yes, one may say they are financial games. Coincidentally, I thought of this a few minutes ago before I read your thread that trading is a financial game and the good player earns so much through it. Not knowing that I would still come across something like that today.

Conclusively, anything about the financial market is an indirect game that we need to play technically and intelligently, so you are right halfway.
78  Economy / Trading Discussion / Re: How tough is futures in comparison to spot trading on: July 01, 2024, 09:42:09 PM
I plan to learn futures trading and dive into it fully, I've been demo trading for a while now and I've been doing fine and I think I can make the big jump now maybe because the exchange I'm using is offering events for first time futures traders lol

But I'm sure you guys have traded futures a lot, how hard is it compared to spot?
If you've been trading the futures market then spot trading will be a workover for you. Spot trading is similar to normal wallet keeping that is solely for an investment purpose which you can hold at any time. In addition, it helps you to manage your holding portfolio better. This is why people use it, otherwise, there will not be any need for it. It also helps the investment in the cross-market matrix, so it is very convenient, to say the least.

On the other hand, futures trading is leverage/margin trading, which invariably means that you are risking higher with it. It is just like the regular financial market trading with traditional brokers, the risk of losing your money is always high. Notwithstanding, you have the chance to make more money with futures trading than the spots trading.
79  Economy / Speculation / Re: Some bad uses of bitcoin. :'( on: July 01, 2024, 09:19:45 PM
Since Bitcoin is a completely decentralized currency, there is no way to know when and how much money is being sent to whom, both the sender and receiver remain anonymous. So Bitcoin is used to buy and sell various criminal and illegal products. So various arms smuggling activities are paid through Bitcoin. Also, all transactions on the dark web are done through Bitcoin. Which is very sad for us
You are mixing things up my friend, for the fact that Bitcoin is decentralised doesn't mean its transactions are untraceable. Decentralisation of Bictoin only means that no central authority can control it, not even the creator, which is a very good one. But all transactions are traceable in a normal mechanism. The issue starts with blenders, mixers, tumblers and others, they are the bad actors here. They will make sure that the Bitcoin you received or sent are not traceable anymore, so they can use it for all sorts of illegal activities afterwards, and that will even be to and fro of the transaction not minding the amount they will pay those who are making the money anonymous for them since it is for illegal purpose. Although some people mix their Bitcoin without any bad intentions, however, their percentage may not be so much.

You can see that Bitcoin itself has never been bad but the desperately wicked minds of people are attracting the bad name to it for their selfish gains. I hope this can stop one day, it will be nice if there are crypto police that are highly equipped to trace such transactions and pull them down. This will also discourage people from patronising them. But before you know it, you will hear people defending such services claiming that some people use those services for their privacy to as well
80  Alternate cryptocurrencies / Altcoin Discussion / Re: What is The Future of Telegram Mining Tokens like NotCoin on: July 01, 2024, 08:58:45 PM
Arguably Notcoin performed impressively following its token launch, becoming one of the leading cryptocurrencies. This has trigged a surge of interest in the development and mining activities related to the Telegram App. With the success of Notcoin attracting both experienced investors and newcomers, there are now exciting new Telegram mining mini apps gaining attention.

I'm curious about the future prospects of Notcoin and whether the project team has strategies to maintain the engagement of investors and enthusiasts. Will there be more innovations to keep the excitement alive for Notcoin supporters, or will they simply fade it and move to the latest Telegram Mining App tokens?
If meme coins can be relevant in the world of cryptocurrency in billions of dollars today, how much more Notcoin that is not a meme coin? Whether we like it or not, the cryptocurrency market is being hijacked with a different view already, popularity is what will deliver the financial results to many of them just like Notcoin. This is one of the reasons why Bitcoin and other viable projects are not finding sustainable liquidity to continue buying like before, people are only for the recent and are desperately looking for what will hand them millions of dollars regardless of how it comes to be.

Also, frankly, mining Bitcoin or altcoins easily doesn't matter, this is a matter of projects and plans, and once you mine, you mine, this should not even be considered a disadvantage or setback. Bitcoin mining was made difficult due to the fact that it is the first project, but this doesn't stop the fact that 94% of it has been mined now (one way or another the majority was mined). Whether all were mined little by little or totally at once is not the issue, the issue is how the brains behind the project manage things to gain popularity/liquidity, and if the supply is too much they know how to adjust it. This is why some coins/tokens are being burnt so that it will adjust the economics surrounding it (demand and supply).

This is what Bitcoin's founder also intended to do, the situation and the playing of economics all around them will still be the same in the long run. And now, people, do not even regard the good project behind cryptos anymore but the popularity and community supporting it. However, if Notcoin can sustain that (huge community) which I know it will, it will be a good one for it. We should not also forget that it is a gaming coin, and it is not the first gaming coin that will be successful in the crypto world, why can't it?
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