As you know , if you are trading at Dex you could easily see x100 pumps . After that pump, price down to usual point. So what is that meaning? If any whale wants to collect the tokens, there are many better ways to collect them more cheaper. Any clue ? is that money laundring?
it COULD be money laundering, but that wouldn't be my first guess haha  They are just making profits Whales manipulate and control supplies of small cap coins, they can take only a few BTC in some cases, move a coin 200+%, and get others to FOMO in Then they dump the cheap coins the have been collecting for weeks of the small cap coin. Rinse and Repeat. In crypto its not even illegal as theres no one regulating body monitoring ALL exchanges : / all you explain is pump and dump scheme, not money laundering. both are different. but, i agree that's the reason why there are many pumps shitcoin at DEX we all know that DEX has low volume, and it makes easier to do pump and dump scheme Money laundering is the process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source. The money from the criminal activity is considered dirty, and the process "launders" it to make it look clean. Money laundering is itself a crime. All this Sounds rather deplorable, because all situations when cryptocurrency is used in various illegal actions causes negative for me. On the one hand, I am very worried about the information when law enforcement authorities say that someone is selling drugs or weapons with the help of cryptocurrency, as well as using the cryptocurrency to launder funds obtained by criminal means. This could lead to a ban on cryptocurrency. But if you look from the other side, the state can fully legalize cryptocurrency in order to control the amount of money in the cryptocurrency market and have access to information about the sources of income of each cryptocurrency user. This can play a very good role in the implementation of further plans of users to use cryptocurrency in everyday life of a person. |
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guys, I share your sarcasm regarding the fact that someone can predict a very good prospect for any coins. To date, not a single prediction in the cryptocurrency market has been successful, and I believe that this will not happen in the future. I very often listened to all kinds of specialists and only lost my money.
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I think that governments will not be able to ban cryptocurrency and especially Bitcoin, because they understand that people will still use cryptocurrency no matter what. But a lot of money has been invested in the cryptocurrency market, and any government has a desire to control these funds. In order to control the cryptocurrency market, you must first legalize the cryptocurrency. And another important fact is the information that is often voiced by officials when cryptocurrencies are used to trade prohibited things. Law enforcement authorities report statistics that show that in recent years, the abuse of cryptocurrencies is much higher than it was in 2013-2016. Based on this, in any case, the authorities will look for ways to legalize cryptocurrency all over the world and control users' activities and their financial condition.
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Prediction experts aren't that reliable all the time. If their predictions are always right, then there should've been lots of billionaires now. We can trust our own instinct instead of their own observation. Let's just base things on how we see the movement of the market and take advantage of the changes. Crypto will always be unpredictable and we have to deal with it.
Unambiguously, the success of a cryptocurrency depends primarily on legalization throughout the world, because if the cryptocurrency is legalized, it can be used without problems in any field of human activity. But if you recall the recent report of the Big Seven, then most cryptocurrencies are recognized as unreliable due to their instability. I believe that before talking about the large-scale future of cryptocurrency, you need to take care of its stability through practical application in the daily lives of users, and not just as a profitable investment due to volatility. |
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A rich man will never say how much money he has.
But you can notice it based on how he handle his/her money by spending it. They pay taxes and it's impossible for them to not know their assets. Even the government can investigate on how much money you have. A rich man is silent but he is obviously proud of what he had. It is the fruit of his hard work and it is normal for you to say that you are rich enough around the world. I completely agree with you that it’s very difficult to hide wealth from a person. In most cases, a person who has long been rich, and especially if he suddenly became rich, develops a very nasty character trait in which he cannot restrain himself from the various habits of rich people. Such people very often do not behave modestly and scatter money from left to right. If a person begins to spend more than he earns or more than declared, then public servants will definitely have questions of a certain nature. I believe that living modestly, while possessing great wealth, is very difficult. |
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No, I do not use cryptocurrencies in real life, because in my country it is impossible, there are no appropriate services and infrastructure. I hope in the future the situation will change and people in my country will use all the advantages of cryptocurrencies.
It is normal for most of the countries in this world to not have enough places that accept cryptocurrency as a mode of payment. They are still skeptical with the cryptocurrencies because they believed that it is more on the side of liability rather than an asset because of the volatility of the market. In the future, as the cryptocurrency will be known worldwide, I believed that it will be accepted as payment option like how people accepted and uses credit cards. Even in the developed nations, stores that accept Bitcoin are few and far between. And unfortunately, there have been hardly any growth during the last two years. Some of the stores and merchants that used to accept Bitcoin have removed the option recently (examples are Stripe and Steem). And in the developed world, in many of the countries making payments with BTC is not even legal. In my opinion, what is happening on the cryptocurrency market today greatly affects the development of the infrastructure for users to use cryptocurrency in everyday life. Especially we are talking about the lack of stability. No business is active in this direction to give people the opportunity to buy goods for Bitcoin. Nevertheless, there are still such resources where Bitcoin is one of the desired form of payment. But this is a very big rarity. |
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If a person is not burdened by his family and is engaged in various business so as not to connect himself with the banking system, such as cryptocurrency trading, then he has a much greater chance of becoming a boneg. As a married person, I already have quite a lot of experience with the fact that the family is very burdensome with the possibilities of a person who, given his anonymous activity, can easily avoid taxation and is considered unemployed in his country. Of course, it will be very difficult to talk about the legalization of one's income, if one succeeds in becoming a fabulously wealthy, for example, a millionaire.
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TBH even if the main agenda is not about the exchanges, I would say that exchanges do it specifically to increase the volume as well as gain a lot of fees from those trades because many noobs perform wash trades (scalping type trades) and believe they have arranged the volume needed to win some part.
Groupify it
I think you need to get a group of trustworthy people interested in doing group of trading all through one account, thus giving you higher chances of winning the competition.
Never do wash trades
Urgent trades will just not get you anywhere but make you lose a lot in fees and such trades are considered invalid, so doing them will not bring in win.
Spot better entry/exit points
These competitions give a boost to some unknown, yet reputed alts which get a chance to be on top all the time while being traded on the exchange most of the time. If you can spot better entry and exit points by switching to 30 mins and higher time-frames, you can be rest assured that even if you don't win something in the competition, you are still a winner in terms of making good profits because these coins always get volume needed to pump that coin higher and even if you get 10-20% from these coins, then it's free money for you on your investment.
Of course, following the good advice of professionals, adhering to certain rules and having good knowledge of trading, you can get not a bad income from cryptocurrency trading, without any problems replacing any work, including physical labor. But you need to consider some facts that affect the results of the trader. This is primarily experience and professionalism, as well as the current situation on the cryptocurrency market. As an example, we can take what is happening on the market today, November 21. Many beginners with big eyes look at the reviews of many traders about the results of their activities and such incomes drive people crazy who think that trading and getting good results is very easy. |
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It was much easier to profit from arbitrage back in 2016 than it is today. There are multiple sites which offer bots to do it and also some sites which tools (Newscrypto arbitrage tool).
Exchange liquidity is a factor which isn't covered enough in this article and is very important.
Yeah this is true, but it's definitely still possible today, especially if you look away from just the BTC-ETH and BTC-USD pairs since those are mainly the only pairs that big hedge funds and institutions are working with. Other pairs are left to the retailers. I agree liquidity is an issue and I may go back and add a note to that article, thanks for the idea. Btw the tool I mention in the article, Coygo, does provide a feature called Pre-Order Calcs which lets you enter how much you want to theoretically buy/sell, and it will calculate your theoretical true cost by looking through the order book and finding each open order that you would fill to determine the actual rate you would be getting, instead of just the last rate. I also completely agree with you that today a particular problem is displayed in the liquidity of most cryptocurrencies in the entire cryptocurrency market. But nevertheless, if we are considering the possibility of trading with rating cryptocurrencies, then if we take the current time and look at what is happening on the cryptocurrency market, at an active drop in prices even for Bitcoin and Ethereum, then any trade is too dangerous. I would rather work in a more stable environment. |
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One day, I think to myself about how to spreads bitcoin to other people. After I create threads https://bitcointalk.org/index.php?topic=5191717.0, I see many of us don't try or don't have time to come into a gathering or make a meetup. So how we can introduce bitcoin to local people in our country if we are not trying to tells them about bitcoin? I know that will related to the regulations in every countries but we can introduce to our close friend so they will spread it into their closest friends too. And if this is succeed, I think cryptocurrency will grow step by step. I know we can spread bitcoin online, but that doesn't mean all people in your country are aware of bitcoin. How they can know bitcoin if they never use the internet to search the news while we can tell them about bitcoin and another coin by offline. Seeing your question on how we can get others who are not inclined to take on the challenges they would think are associated with using bitcoin got me to think back on a post I saw while looking at another thread. Which I thought would be the best way to get people to interact about it without actually being scared to get involved using it first. https://bitcointalk.org/index.php?topic=5193860.msg53085269#msg53085269 Atleast it would get the conversation going for those who are willing to want to know about it and not feel they are being advertised too.  The first move with be on them whether they want to get involved in cryptocurrency or not. The fact is that cryptocurrency will not be in demand by most people, as well as stock trading in the stock market. As always, cryptocurrency will be of interest only to a narrow circle of people who are engaged in this activity. But the situation will only change over time and it will probably be quite a few years before people start using cryptocurrency as a means of payment. |
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Oddly enough, none of the cryptocurrency users will abandon their connection with banks, despite the constant negative statements about the banking system. The fact is that modern life and the state system dictate the conditions for humanity and no matter what opinions sound regarding cryptocurrencies, no one will ever refuse from banking services. In any case, while it will be necessary in daily life.
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Lol. This is so funny. For you to have called it free money, it shows you expect too much than you worked for. In as much as you have been promised a certain price at a certain time, it would be in your interest to know that the promisers are no soothsayers. Neither are they time travelers.
The crypto world is an unpredictable place. No assurance! Anybody who assures you of anything isn’t telling the truth.
Many cryptocurrency users have deceived all their expectations, since everyone planned to get superprofits, especially paying attention to the results of 2016 and 2017. But the situation on the cryptocurrency market developed in a completely different way and now no one can say that cryptocurrency gives a very easy and quick income. Nevertheless, the risks in the cryptocurrency business have always been talked about and warned everyone that working with the cryptocurrency is almost like playing a game of chance, when everything depends not only on the situation on the cryptocurrency market, but also on luck. |
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I also tend to believe that gold is one of the most optimal and less risky investments. However, this investment, for me, looks exclusively in the long term, keep this in mind.
All short and medium-term investments today involve risks; always take risks into account. Even investing in gold will not be without risk.
What is really maximally useful and less risky is investing in yourself, in training, sports and so on.
After users of the cryptocurrency have learned the possibilities of the cryptocurrency market, gold does not look so profitable as to attract more investors, unlike cryptocurrency. For me, today, gold is an investment that can be used as a storage of your funds, rather than generating additional income that cryptocurrency can offer. One way or another, gold assets are the most stable of all possible to date. |
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at the moment, I don't think that cryptocurrency that has great instability and is also decentralized can help the country's economy and be an asset to the country, or individuals. in fact, I think that this is quite dangerous because we don't know when prices will actually fall.
with the unstable situation of thre market right now it is really hard to conclude that it could help or ease. Fluctuations are really hard to control because of its decentralized system, however, this decentralization is being embraced by the investors and traders to make gains and profits out of their own money. I just don't think that it could impact the market that huge because less than 3% of the worlds population are using cryptocurrency and that is less than a ten million of people factoring out those country who has not been in connect to the internet. other than that the government will not do that because some of them are also fighting against cryptocurrency.
Some might and some might not. Naturally we have a different type and forms of the government and I think those democratic ones are going to go with these emerging ideas of cryptocurrency than to non-democratic type of government. In a sense, you really are absolutely right, but nevertheless you should not forget and take this attention that some user groups come together in communities to manipulate the cryptocurrency market, creating certain situations due to the total volume of your cryptocurrency. And this is not to mention the possibilities of large whales, which can provoke price fluctuations for their own benefit. |
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Even the price of ethereum continues to decline i think it wont go below 100$, there are lots of updates on ethereum next year so hopefully these declines will result to a huge pump in 2020.
The fact is that today the price reduction reflects the general trend of the cryptocurrency market. It cannot be said that Ethereum is the only problem, since each, even the highest-rated cryptocurrency, has red charts. Nevertheless, in recent years, interest in the cryptocurrency has increased, as the capitalization of the cryptocurrency market increases. |
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In fact, to communicate with friends, you can choose any popular instant messengers, including Viber, Skype or WhatsApp, but nonetheless the most popular is Telegram. I almost constantly use WhatsApp to communicate specifically with people I know personally, and Telegram is used to communicate with people I met in games and on the forum. But Telegram is practically a messenger for scammers and therefore you need to be careful, especially when it comes to gambling or making money.
Yes, that's one issue with telegram. There's so many scammers that are using it as their place because using it is easy and there's not that much verification needed to use. As long as you don't talk to strangers, you'll be fine since you just have to talk to your gambling buddies. The fact is that I don’t even know how to Fight these scammers and those who send out various advertisements. Almost every day in my Telegram account I delete many new groups and strangers that are added automatically and I do not invite them. This is also a very big problem that affects the psyche. |
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In fact, to communicate with friends, you can choose any popular instant messengers, including Viber, Skype or WhatsApp, but nonetheless the most popular is Telegram. I almost constantly use WhatsApp to communicate specifically with people I know personally, and Telegram is used to communicate with people I met in games and on the forum. But Telegram is practically a messenger for scammers and therefore you need to be careful, especially when it comes to gambling or making money.
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I live in Ukraine and still at the legislative level, cryptocurrency has not yet been legalized. Nevertheless, there are no prohibitions and harassment by law enforcement agencies, since cryptocurrency users in my country feel calm. In addition, some online stores accept Bitcoin as payment and at the same time conduct legal business activities. I don’t know how they provide reports on their activities to the tax service and combine it with cryptocurrency, but I’m sure that they have no problems with this.
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I believe that many countries resist the legalization of cryptocurrency due to the fact that in the first place they will lose income from international payments. If today money is transferred from one bank of a country to another country, then taxes and interest will be charged, and if this is done using cryptocurrency, no one will be able to trace the money transfer and the user will pay only the cost of the transaction on the network. But nevertheless, if the cryptocurrency is legalized, then each user will be able to use cryptocurrency in their country legally, if each entrepreneur declares his activity with cryptocurrency. Of course, this requires certain laws, and in this I do not see any problems for the state.
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Today, many professionals in the field of cryptography are engaged in precisely protecting the cryptocurrency from quantum technologies, namely, making the cryptocurrency resistant to a quantum computer. It has been suggested many times that a quantum computer is able to crack Bitcoin without much effort, which would take hundreds of years with current computers.
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