Bitcoin has been well adopted in the developed countries but it's acceptability in the developing countries is still lagging partly due to high level of illiteracy and poor internet services, promoting bitcoin here requires public enlightenments personally I took it upon myself to give public talk about bitcoin, how to use it, benefits obtained from using bitcoin
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Technical analysis is based on information obtained from previous price data which is programmed to predict the future of the price, be as it may in most cases these TA do fails because they usually lag with the price and price must have moved significantly before an indicator gives a signal considering the fact that Cryptos are very volatile, a trader would have placed a trade when the price is about to reverse based on TA. Personally I preferred price action with Japanese candlestick patterns formed at a support or resistance zone which are usually influenced by FUDs.
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Europol: Hardcore Criminals Are Shifting From Bitcoin to Monero, Zcash and DashA multitude of representatives of law enforcement agencies from around the world have talked about the use of bitcoin by criminal elements, sometimes revealing ignorance about cryptocurrencies in the process. Now it appears that Europol at least is trying to go deeper, learning about various altcoins and how they can be used too. Criminals Go AltThe European Union Agency for Law Enforcement Cooperation (Europol), formerly known as the European Police Office and Drugs Unit, is concerned that sophisticated criminals are switching to alternative cryptocurrencies while investigators are just focusing on bitcoin. Monero, zcash and dash are specifically mentioned as now appearing on the radar of the EU law agency. Jarek Jacubchek, a Europol cyber-crime analyst, told Business Insider: “We can see a quite obvious and distinct shift from bitcoin to cryptocurrencies that can provide a higher level of privacy. So basically, you can achieve a higher level of privacy using these ‘altcoins’, and these altcoins are either using stealth as the basis, like monero. There are also coins like dash that do not have stealth addresses, they have transparent addresses, but they have a mixing process that is part of the protocol.” Bitcoin Still RulesThis shift from bitcoin to altcoins is supposedly fueled by two ongoing trends. First, bitcoin exchanges are coming under regulatory pressure to adopt the same anti-money laundering and know your customer (AML/KYC) practices of traditional financial institutions, such as requiring photo IDs to open accounts, which are scaring away criminals. Second, most police forces are already aware of the potential use of bitcoin and are improving their ability to track down BTC transactions by suspects. Additionally, by shifting between multiple cryptocurrencies, people can better hide their tracks from investigators. Despite all of this, bitcoin as the original cryptocurrency is still the most popular with criminals, just as it is with law-abiding citizens. The co-founder of cryptocurrency analysis firm Elliptic, Tom Robinson, explains that “the vast majority of illicit activity in cryptocurrencies is still taking place in bitcoin, because of its ease of exchange and more advanced infrastructure”. Source: https://news.bitcoin.com/europol-hardcore-criminals-shifting-bitcoin-monero-zcash-dash/
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Btctalk name: gabbie2010 Rank: Sr. Member Current post count: 1009 BTC Address: 3LtWp99ruKMScM2HXsM8FJ2LoLcPtsp4Rg Wear appropriate signature: Yes Wear avatar: Yes
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From my own point of view it is a good idea to start teaching the elementary aspects of cryptocurrencies to these kids this will serves as a preparatory course for those (students) that might want to further the course in their respective colleges.
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I enjoy trading, but I'm not an expert since I actually only started last year. I do read a lot, and I don't really enjoy indicators like fib levels. I prefer to use just price analysis, because those things are "written in stone", and you can't really make different interpretations on them. As for fib levels, and other indicators like that, if you put 4 analysts in a room, they will probably tell you different things.
For me bitcoin is probably on a changing trend, and it seems to be entering a bull trend again, but the price charts haven't confirmed it yet, so I will keep waiting for that. We seem to be building a support line on the $9500 mark, which is good, because the last line on support we had was at $7800. This will make trading easier, because I can now move my stop loss up. We need to see a break of $11200 in order to test the resistance at $13k. Hopefully, that will happen, and $11200 will be our new support level, and the bulls will have proven that they are back in control.
Unfortunately bitcoin couldn't break the resistance at $11200 which resulted to a pullback hence btc price often defies technical analysis, it's very obvious that the price of bitcoin tends to align with fundamental analysis I.e FUDs are the driving forces that tend to push the price breaking any resistance or support.
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Btctalk name: gabbie2010 Rank: Sr. Member Current post count: 1008+1 BTC Address: 3LtWp99ruKMScM2HXsM8FJ2LoLcPtsp4Rg Wear appropriate signature: YES Wear avatar: YES
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Sorry bounty manager I will not be able to post for now due to some commitment, I hereby cancel my application.
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#JOIN
Bitcointalk username: gabbie2010 Forum rank: Sr.member Posts count: 1011 ETH address: 0xBD52cDd673deaf5D2415efdCa0DdB1f2e9A56999
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I quite with the OP and this is a well detailed and perfect article for a newbie in trading, of course emotion and fear is major factor towards achieving a successful trading more so technical analysis must also be considered mostly the use of indicators, Japanese candlesticks patterns and price actions are important tools that must also been taken into consideration.
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At what price do yal think will be bottom before we turn back up? I'm thinking $4,900 not to spread any FUD, however, they say when it rains it poors, and we have still yet seen people's response to this upcoming Tuesday on the 6th when all American policymakers meet, SEC and everyone else and we see what kind of regulation is made. The price will go down until the millionaires and wall street tycoons are happy to buy what they're going to buy and then we'll see it soar up to $13-$20k post regulations.
I hope this is not another negative FUDs coming up against bitcoin as it is now the FUDs from the Asian countries had really caused massive dumps invariably causing more fears to the hodlers
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What is the best chart for day trading?
5, 15, or 30? 1 min seems too short. each of them give slightly different results and are kinda confusing. what would you recommend for a beginner.
I am using EMA 13 and 34, MACD, and RSI.
Thanks.
30 minutes timeframe is much better because it is non choppy and a little bit stable than the other two timeframe be asvit may if your strategy is used for crypto trading then it has to be properly perfected due to the nature of cryptos I.e high volatility.
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We are all now not safe from hackers, hackers are everywhere just waiting for us to make mistakes. So always becareful in everything you do, you didnt know it might scam. Always keep your private information dont expose it, like your private key and always make a strong password. If you have a big money or cryto just keep it in a safe and strong wallet. So, always be wise and always be aware in everything you do.because in every mistakes theres always a consequences.
Hacking of account is one of my greatest fear in keeping my coins in an online wallet I read an article about the possibility of Trezor hardware wallet being hacked. https://steemit.com/trezor/@lexiconical/trezor-hack-devices-are-not-secure-private-key-can-be-extracted-at-startupSo many bad news of hackers on the prowl these days stealing and hacking corporate organizations account this is absolutely worrisome to me personally.
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The IMF boss is mounting a smear campaign against bitcoin using electricity consumption as a reference is uncalled-for there have been other alternative to the regular Electricity which is solar energy and bitcoin miners had been utilizing it for their operations, I belief this is another threat and campaign against bitcoin and at the of the day bitcoin will remain unscathed.
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Working for bounties campaigns is not an easy task and sometimes can be stressful because it requires total commitments and working round the clock it is also necessary for all the participants to fully support and advertise the project to ensure that the ICOs is totally sold out tand a lot of tokens can be earned if the project was successful.
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There are several types of price action strategies in trading but majority of them don't really works with cryptocurrencies unlike spot forex, I belief it is due the nature of Cryptos I.e high volatility and in most cases fundamental news is the major mover of prices of Cryptos with some price action and candlestick patterns.
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I hope everybody would be fair about this new feature implemented by admin theymos. This thread is for the purpose of awareness that merit is given to a constructive and quality post. I have made a thread here in the market place section, hoping that there will not be such things like buying and selling merits. Let's work with our own asses.
P.S. OP is not asking attention, read and understand. Obedience is better than sacrifice.
This merit based system is one the best innovation in this forum to stamp out shitposters, more so I am imploring the admins to closely monitor how merits is awarded so as make the system credible however some unscrupulous members might want to bend rules and messed up the system such a member should be sanctioned accordingly.
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This may sound funny but that is the reality. why? Though the title says it all, you know China was the once the safe haven for bitcoin and bitcoiners. Then, China started doing something to hurt the bitcoin and cryptocurrency in-general from banning ICOs to cryptocurrency exchanges and now they are after bitcoin miners, again... What is your thought on this matter? Share with us. thanks Yes China has a very large population and are major investors I.e holders in cryptocurrencies whatever action taken by their government will have a drastic impact on the price of Cryptos recall when Chinese government started clamping down exchanges in the middle of 2017 the price of bitcoin dropped thereafter recovered, as it is now China government going after miners will compound scaling issues of bitcoin invariably more problems ahead.
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I don't how this is going to be achieved having read many articles of blockchain technology being a threat to the banking system, blockchain is decentralized and trusted thus will totally eliminate banking operations thus loss of jobs.
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