New retail investors are not only impatient in Crypto, they are impatient when trading stocks or even running a business. People basically want fast money and they don't want to wait. And this is why many investors fail.

Another issue is lack of capital. Say you only got $3000 in savings and you buy Bitcoin, with the way price is acting the last few weeks, you most likely would get impatient and sell and buy some alt-coin instead. And in doing so you get a small loss and the alt-coin you buy might not worth out either.

But if you got more capital say, $30,000 or $100,000 then you can invest in different coins and sectors. You can even invest providing funding on some exchanges or invest in some crypto start-ups. Since you got many positions you are more patient with your timing.

Yes $0.26 is support but its most likely going to break next time around it gets tested. The $0.25 area of support was formed back in Aug 13 2018 and has been tested many many times and each time had a bounce, however this reminds me of what happened with BTC in the $6000 support area.

$6000 was strong support also, it held many many times but each bounce wouldn't close higher than the previous and this is what is happening with XRP right now. I was/am still expecting $0.40 area before it heads back down towards the $0.25 area and I still have a small long open.

However keep in mind that when $0.25 breaks, we will see the price in the teens very shortly after.

I stopped buying alts a few months ago. I am trading some of the alts on Bitmex futures but for long term holds I am no longer adding. Its very difficult to predict what type of market we will get even if BTC hits a new ATH in the future. This time around looking at the way the dominance index is rising, it seems that people favor BTC compared to most alts.

So I got a few alts under my belt, I added more coins in the past couple of weeks but to prevent any future loses I am not adding any more. I already had a few which were delisted and have a price of 0 Sats pretty much. Alts are very risky but the pay-off can be huge if the market starts going all in altcoins like at the beginning of 2018.

This is why I took some profits off the table from my long trade in the ~2500 sat area. Because I've been burnt too many times this year trading alts especially XRP.

Remember what happened back in May 2019? We went from like 4K sats to like 6K sats very quickly and everybody assumed it was the bottom, and a few weeks after we headed lower and lower again. So you need to keep in mind that the alt surge last week could of been nothing more than shorts taking profit and we might take another dip within the next few weeks.

I think for alts to start peaking again, BTC needs to head higher than $13.8K sometime this year and then start to correct. When alts start to rise while BTC is trading sideways or downwards, it doesn't look promising for alts.

I don't see how its possible for you to make $30/month per GPU. Which is $1/day and you are saying its after electric.

Plugging in the values for a RX 470 to What to mine you make the most around 57 cents and that is before electric. With electric about 20 cents with a standard 10c kwh power rate. So your net profit is $6 per month, I don't see where you get the $30 figure.

This is also not taking into effect stale shares, outages, pool fees, exchange fees, withdraw fees, etc.

Most people are probably looking at the triangle that you drew and most don't look at moving averages in Crypto. There are way too many averages to consider and I don't think its a reliable indicator. I think the triangle will be a good indicator however you can't just trade it when it breaks to the upside or downside because I am betting we will get some type of fake move before the real move.

Since we got these massive dumps which are all getting bought up, I think we will eventually break the $9100 and hopefully it will get bought up while trapping a few short sellers. Maybe people got their stops right below the $9000 and many got sell-stops and trailing stops if that area breaks. What is important is for $9K to hold and not head towards the $7K area.

https://www.theice.com/products/72035464/Bakkt-Bitcoin-USD-Monthly-Futures-Contract/data?marketId=6137541

Been almost a day and only 70 contracts traded so its 70 BTC. There is also the daily contracts which only had 2 contracts trade. So very little interest we can see so far.

I think we got to give it time. Maybe not all brokers have been able to list it yet for trading. We will see what happens in a few weeks time, but so far the results are pretty disappointing.

Most likely if it continues with this little volume, they will just delist them.

In my area however there are tons of second hand RX GPUs going for almost nothing. There are the same multiple sellers that keep relisting their ads over and over and every few months they knock down their prices because nobody is buying these GPUs.

There is just too much supply out there of these GPUs and unlike Nvidia GPUs most gamers don't want an AMD GPU. Hence it's the reason why it's better to wait until the supply gets absorbed and sell then.

These days whether a casino offers some faucet or some "play tokens" it's all essentially for demo play use only.

You can't really expect to be able to turn a free faucet balance into a min withdraw on almost all gambling sites. Many sites usually have manual withdraws for new accounts and when they verify that a deposit was never made, they will just deny the withdraw since the user was mostly some faucet abusers.

They are all pretty much there to save you the hassle of having to make a deposit to try out the gambling game.

I've had a similiar issue such as this before but it wasn't due to a VPN, instead it was having a dual-bootable computer with Windows and Linux. You might not realise this but if you got a dual-boot system, the timezones will keep changing as your switch back and forth and its not some bug. Basically if you go to Linux and then switch to Windows right after, your timezone will get changed to the amount of hours difference to +GMT. So mine was always like 7 hours off and I didn't realise it.

But some gambling sites that do these faucet timeouts they usually have a server side clock and its based on that. Because it would be too easy to cheat any other way since almost anybody can manually roll their clock forward in Windows.

I haven't contacted your support staff yet so I am not sure if you guys have a support ticket portal for any support that may be required by your users. If email is the only way of communication then there is nothing wrong with that however it will be an issue when you guys become larger.

Reason why is because its VERY difficult to track progress of a support inquiry by email. You will lose track very easily if you reach the point of 10 open support issues. So right now since you are small and don't get as much support requests its fine but in the future to keep your support response time quick you should look into some ticket support engine. Shouldn't be too hard to set up.

The problem is that everybody has this triangle drawn on their charts. Everybody is looking at it and basically if it breaks the $9100 area they will go short and if it breaks the trendline, then they will go long. However keep in mind that this is crypto and most likely there is a good chance they will be a fake move first and then it will quickly reverse.

The trendline is trickly because of the way people draw the lines however the horizontal support at $9100 is easy to see. I won't be surprised that we might break $9100 and break $9000 and hit something like $8950 and completely reverse and trap a bunch of shorts and then we might break the trendline with high volume.

Either this or vice versa and we do a head fake to the upside and then we start to go down.

Basically selling an altcoin is much different than shorting one. Sure you can get super rich shorting alts since when they are spiking like crazy in some alt bubble you know you can gain something like 80% or so within the next few months.

However keep in mind that I personally know many people who went bankrupt shorting altcoins during a bubble. One example is of a trader who on Reddit went into a very small leverage short on DASH back in 2017 when it hit $100 or so. He never added to the position he only added BTC for maintaince margin.

He didn't use a stop because he was sure it would go down and most likely when it hit $1600, his entire bitcoin balance was liquidated to cover his short. And then right after it started to go down and now its still under $100.

Poloniex sure brings back memories. I remember that during the crazy 2017 rally and where we were forced to pay $50 a transaction to get a transaction to confirm on the bitcoin network, Poloniex charged only 0.00010000 BTC for withdraws. So only about $1 and they were pretty much losing money on every withdraw because their withdraw engine used a fee as calculated by the network stats. So you were only charged $1 for the withdraw but they actually had to pay like $30-40 to process it.

Basically they were busy approving new accounts that they didn't have time to raise the fee until sometime at the end of the year. But I remember it was my favorate exchange because the withdraw fees were so low that you could do many withdraws and not have to worry about fees.

For Exmarkets, its most likely some promo that they are doing. Some exchanges and some casinos also do free withdraws. I think Gemini is also another exchange which doesn't charge for withdraws.

This rings a bell of what happened with Bittrex and Poloniex in 2017. I had a legacy account on both exchanges and was allowed to trade for many months compared to people who just created a new account and were forced to KYC right away.

I have a feeling that Bitfinex is doing something similar. Basically they might be KYC accounts from newest to oldest and only triggered when a withdraw is attempted. They are probably doing this because if they forced everybody on the exchange at once, it would take forever to verify the documents and resume withdraws.

This might be true for stocks or some types of option brokers but for Crypto the fees are very low. So if you are not making money due to fees you are basically scalping way too much.

Look at Bitfinex, it has 0.2% fees for takers, lets so you did a maker and a taker trade, your total fee is only 0.3%. At a base price of $10,000 of Bitcoin you only would need it to change $30 which is very little compare to the daily range of Bitcoin.

Stocks are different because you got exchange fees for removing liquidity, brokerage trading fees and the spread might be larger on some stocks.

I don't think it will have much of an effect because we knew BAKKT was coming since last Summer. And most people these days probably won't actually use it.

I think the CME and CBOE futures had a bigger effect on the market its because aside from Crypto exchanges it would be the first place where certain retail and institutionals could trade bitcoin. So thats why it created a huge price surge.

The next event that can cause another surge like that is maybe some ETF actually getting approved. However even if that happens its years away and most likely when news comes out of a ETF approval, it will be another "buy the rumor, sell the news" type of event.

Either way, lets see what happens on Monday.

This is why I stopped using Windows 10. Its full of bugs and backdoors. And even if it isn't then your browser most likely might not be fully secure and you can get some malware installed that way.

Its good that you are using a hardware wallet but for the coins you need to temporarily store on a hot computer, try using a different OS and maybe a different computer that you don't browse random websites with that might install something behind your back.

You seems to have a good knowledge of security and computers so the thief must of been pretty clever to get away with this. Its good that you used 2FA on your exchanges or most likely he would of stolen those coins also.

This is what I am actually debating right now. I made the mistake and didn't sell my GPUs last year and most are collecting dust. Sure they turn a profit but for 10 cents a day per GPU, I rather not deal with the headache of having the GPUs crash. So I am just holding them if we ever get the $1/day/gpu again.

I remember back in 2014, I had issues selling my GPUs after the Litecoin crash. It wasn't until Christmas 2014 when I was able to sell every GPU. Since people bought them as presents for their kids or husbands or boyfriends.

This year I am wondering what to do? Will ProgPOW actually go live and make GPU mining profitable again or should I just sell all my GPUs this Christmas and move on.

Is Bitfinex started to do KYC slowly for all accounts?

Looking at their Reddit it seems that more and more people are getting hit with KYC when they attempt a withdraw. Such posts as,

https://old.reddit.com/r/bitfinex/comments/d6i1z6/withdrawal_under_kyc_inquiry_do_bitfinex/
https://old.reddit.com/r/bitfinex/comments/d68vmc/bitfinex_is_illegally_holding_my_money/
https://old.reddit.com/r/bitfinex/comments/d5vilv/my_accounts_have_been_freeze/
https://old.reddit.com/r/bitfinex/comments/d4y0ko/withdrawls_on_hold_for_no_reason/

These are all fairly recent and less than a week old.

I realise that some people's accounts might get some mandatory KYC if the depositted funds are tainted in one way or another but it seems they are hitting more and more accounts with KYC.