When I first started to trade on exchanges, immediately I close my positions, I move all the money back to my noncustodial wallet, but later I start to use more exchanges and divided my trading funds on 5 different exchanges. I am using three actively but 3 for long term position hold. Which means I am using at least 3 exchanges almost every time but I do not move 30% of my trading funds to noncustodial wallet no longer.
What type of derivative trader are you in this category. Do you prefer to send all the money back to noncustodial wallet or you prefer to just have the trading funds on the exchange or you move it to noncustodial wallet when you close position?
Also do you have all your trading funds on exchanges or just a small percentage of it? If I have $500 and want to go 1x on bitcoin, I can decide to have $100 instead and go 5x instead which is the same thing and a good advantage of using leverage and not for greed reason.
The answer is simple. We have to keep funds on exchanges if we want to do futures or margin trading. No doubt, we can take leverage and increase our volume, but sometimes we need more funds to increase liquidity. I call these emergency funds to back the trades. We should also place them on exchanges. I am not a derivatives trader; I do spot only, but my concerns with exchanges are different. I use them to hold long-term, and sometimes I do not use them at all, haha. It depends on the situation in my country. If the government is crypto-friendly, I risk holding funds for trading only on CEXs, otherwise, I mostly use non-custodial wallets. Speaking of your way of taking 5x leverage on $100 to make $500, that is a bit risky, do you not think? |
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They are providing opportunities to those who have skills and are hardworking. Bitcoin is for everyone, like jobs are, but this is not a fair comparison. Bitcoin should be used for daily expenses, although we are now using it as a reserve, and there’s nothing wrong with that too.
Although blockchain has the potential to solve some problems, as I said, they could have solved them already.
When blockchain was being introduced to the generation, its main feature was this, the one the OP made a post about, that it can be used to stop corruption. Everything is transparent, anyone making a transaction on it is going to get it recorded, and when there’s an audit, everything will be crystal clear. But bro, you must know every new thing has loopholes. If insiders use their own data to fill their pockets, they get caught because of their transactions on the blockchain. This shows they are not smart enough to hide their footprints, haha. This is a bit irrelevant to the post, but companies have insider information, and even if they implement blockchain, which they might, they will use private blockchains, not any public one. |
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The main reason some people do not understand bitcoin is because they do not care about it, they do not want to know about it. If they want to know about bitcoin, only simple information is what they need.
First is that bitcoin has just limited supply. That will later make it scarce, its price will increase more because of that. This information first can make them be eager to learn more about bitcoin.
People do not need the technical parts of bitcoin but just the investment part and also reading about bitcoin security and safety.
Actually, a person is always looking for only certain things in a project, and Bitcoin is just a project to anyone who is unaware of it. If we asked someone who invests a lot but not in Bitcoin about their opinion, they would probably say, "We don’t know what it is, and how do we make money from it?" Money is the main factor here. We could tell them the history of Bitcoiners, how they made millions, but when we do, we also have to say that we might not be able to make the same profit. The adoption back then was massive, but it wasn’t as massive as it is now. So to make such huge returns, we would have to wait decades. Many people will drop the idea at that point. So in short, nobody even wants to learn about security or wallets. They might even drop the idea of investing in Bitcoin when they realize they have to keep their keys in their pockets, haha. |
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Even though US is holding the biggest holder of BTC in theory, but i think there are factors already signaling warning to the US that El Salvador is coming from behind and could overtake them to become the largest holder. Read this with full clarity.
1) National Mining Strategy: El Salvador has access to volcanic geothermal energy, which they’re already using to power Bitcoin mining. Over time, this creates a sustainable Bitcoin treasury pipeline, unlike the U.S., which doesn’t actively mine at a national scale.
2) Legal & Tax Advantages: They could keep attracting Bitcoin businesses and miners by offering tax-free status or residency visas for companies that bring BTC into the country.
3) Game Theory & Timing: The U.S. tends to sell seized BTC at auctions. El Salvador, on the other hand, has a hodl-only strategy. El Salvador could overtake in net long-term holdings if the U.S. keeps liquidating while El Salvador keeps stacking.
In short, the U.S. has more BTC now, but El Salvador has time, political will, and natural mining advantages. If they keep playing the long game while the U.S. keeps selling, the gap could close over a decade. What do you think?
These points are good ones but bro you are missing some main points let me break down them to you in your format haha. El Salvador really does have the volcanic geothermal energy to mine Bitcoin, and they’ve been doing this since around 2021 if I’m not wrong. They’re not mining at lightning speed, but they’ve still managed to mine 474 BTC by November 2024. That’s not a small amount at all, when you think about it, they’ve literally turned volcanoes into millions of dollars worth of Bitcoin. 🔥 Can’t argue with you here, El Salvador has become a heaven for Bitcoiners. From adoption to infrastructure, they’ve set a strong example. As for the USA, their game theory is clear, they don’t want to risk their own capital. Instead, they’ll seize as much Bitcoin as they can through different means and quietly keep stacking to add to their reserves. Typical move, haha. |
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Now the main thing is that I want to sell my Bitcoin investment now and start a business with that money. Now what advice can you give me, should I hold on to Bitcoin for a longer period or should I start my business now and can you give me such advice that I can keep my Bitcoin investment and take a loan from the bank and then start a business.
I hope you will definitely help me with your important opinions.
I’d say sell your Bitcoin and start your business, if you can really kick it off with the profit. For such a business you might need a lot of money, but you already have the plan and the funds, so chase that plan bro. You’re young, and if you don’t have to feed a family yet, this is the time to take risks. You took a risk with Bitcoin and it gave you profit. But if you just sit on that profit, chances are the money will slowly get spent on unnecessary things, that’s just how life works. Personally, I only sell when I know I’m going to use that money for one clear purpose, and for that purpose only. No delay. Now, many people will disagree and say we should just keep holding Bitcoin. But bro, you can always buy back later. The market might dip, and by then you might even have more money to put in. Whatever you decide, just don’t doubt yourself. Be confident in your choice. |
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What contributions has the introduction of cryptocurrency made to the world economy. Many countries mostly in the African region has banned activities involving cryptocurrency while some have legalized it's use.
What effects has Bitcoin or other digital coins caused that have made these international bodies to take the various decisions they have made. Is it that it has posed a great threat to the economic system of some other countries and in the same time help lifted the operations of the others?
What do you think is the major issue or reason here?
From the very start, the economies of different countries have taken crypto as wrong and as an enemy to themselves. If they had taken it as a friend, then maybe the scenes would have been totally different. Although slowly, they are accepting their mistakes and are now adopting it as a friend. Many countries are doing great work, not only accepting Bitcoin but making other progress too, they are even adding basic knowledge about it in studies. The biggest contribution is that it has made people more educated about finance, made them more investment-centric, and their ideas about investments have increased. Now everyone in this era wants to hold Bitcoin. If someone is not interested, that's because they are old now and don't want to test their money in this. |
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An egalitarian society is a situation in which everyone is considered equal in both economic, financial and social status.its a concept that emphasizes the importance of social equality, aiming at removing economic inequalities.its indeed a classless society where there is no rich,semi-rich or poor.
If I have $1,000 for instance every other persons will have same.everbody is equal financial stable.nobody is richer to another.
Do you think such society is attainable before the end of the current generations as proposed by great economist.
In such a society, how will people remain motivated? Because the current society is definitely not like this, everyone wants more. If they see someone with a sports car or a jet, they definitely wish to have that, but they know they are not making any efforts for it and they can't get it, so in the end they accept reality. But if everyone could have the sports car and the jet, then how would companies manage all the production and costs of everything? Even the fuel itself wouldn’t be enough. In reality, this is not achievable. Do you think it is achievable? I think it is just imagination. If someone has $1k and everybody else has $1k, that means if Elon has billions, everybody else would have a billion. Most of all, if Satoshi has 1 million BTC, then everybody should have 1 million BTC. Then it wouldn’t be all about money, it would depend on innovation, effort, development, progress, and creative minds. But that comes naturally, not something that can be achieved in an egalitarian society |
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I also launch into their website to see this is indeed true https://www.paypal.com/us/digital-wallet/manage-money/crypto you can trade bitcoin or any other cryptocurrency on their app, but I keep wondering if this is going to be a genuine application of how p2p should operate or we are still under being centralized if we use their p2p they claimed to have initiated We are still under centralization influence because P2P does not mean it is decentralized. It depends on the nature of the platform we are using to remain decentralized. If we are depending on a project that holds our funds and then makes the deals, that platform is a centralized one. But many people only trust such platforms. Anyways, the news is a good one for Bitcoin, as PayPal has huge user numbers with billions of funds. Many people use PayPal for day-to-day transactions, and if they can buy, sell, or hold Bitcoin in the same app, they will love to test it and prefer this option. |
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I’ve always heard complaints about exchange trading comps — unfair rules, bots dominating, or hidden conditions. Decided to test it myself.
Joined a small trading challenge 3 months ago and ended up winning $100. Tried again later and won $250. Not life-changing, but encouraging enough.
Curiousto know if anyone else here had similar or opposite experiences with trading comps?
Haha bro, this is really life-changing. Sorry, don’t mind, but 350 is how life-changing? Although you are right about three things: never judge a book by its cover, and if you think everyone knows this thing and still they are not making money out of it, don’t stop yourself there. You don’t know how they are doing it, what their intelligence level is, and if they are smarter than you or not. Actually, it also doesn’t matter how smart they are,it also depends on luck. So give it a try and see how it goes. But do it on your own responsibility, so if you make a loss, you should not blame anyone. |
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Not facts but observations that the attraction Bitcoin used to drag Is nolonger that serious or active in the heart of people. Could it be that they're beginning to see Bitcoin as Smoke that can disappear after a while or the value added is no more booming.
Because I remember very well in 2020, everybody considered Bitcoin as option for investments and trade. This days people chose physical jobs compare to Bitcoin traders, is that research statements true or you can educate us more
What are you saying bro, the attraction is same and even more, don't know what specifically are you talking about but the attraction for the people to invest is increasing although maybe you are talking on the basis of current scenes of the Bitcoin. As it is not moving up or down and it is bit stable now in the ranges of $100k to all time high. Investors like high volatility but in the 2020 the price of Bitcoin was lower then it is now, so the demand should be high technically, you are saying this because you think this is how it is like, but it is like this haha, it is very bullish and you can expect the demand to increase more with time when Bitcoin will make another all time high, bro in 2020 there was no etf even. |
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Some people might visualize bitcoin supporters as those who wear suits and look like finance bros. People might think that you must be so rich and educated to work in something related to bitcoin or invest in bitcoin. But some of you may be shocked that this is not the case at all. Even the most normal people whom you will never think is into bitcoin can be into bitcoin.
You may encounter someone who may not look so rich and only living a quite comfortable life but not totally a luxurious one that is into bitcoin. This is how I believe that bitcoin is indeed for everyone because it is not only the rich ones are into bitcoin nowadays.
Rich are mostly not into Bitcoin, in the same sense as poor people are in, because for Rich people, there are other many opportunities that can make them more money, but that does not mean they don't have an investment in Bitcoin, they do have, but they don't rely on it like poor or any other middle-class person. Bitcoin gave hope to everyone especially those who attaches too much expectations to it, so that's the reason most of the people who have invested in Bitcoin are poor so that's why mostly the people are not someones who wear suits and look like they are in finance. Anyone can invest and make money with Bitcoin, although people who belong to the elite class have to live up to their standard and we saw them all suited and booted all the time and they also have invested in Bitcoin. |
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I would rather say they would implement BTC and crypto in their services, but not being too interested in the blockchain itself - and integrations with it, but we will see.
Hmm you can be right, as if they wanted to integrate blockchain into their internal affairs, they could have done it already because for that they didn't had to touch Bitcoin so they might not be breaking any law so this really indicates they’re more focused on practical crypto services (custody, trading, payments) rather than experimenting with blockchain technology itself. Although with ETFs, some big investors can access crypto using banks directly to the crypto, like BTC etfs or eth etfs, this was a big step in the adoption of crypto by the banks, so maybe this is it. This may prove to be highly problematic. For a detailed discussion, go to Substack (search for ‘cbgarcia’).
There is nothing related to the topic there, some talks about religious type cult only, you can explain here though! |
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Investing 100 million Dollars in such marketing would be stupid. They are investing in Bitcoin because other big players are getting in and they do not want to miss out.
In my opinion. None of them invest in Bitcoin as a SAFE investment but rather because its history shows a huge opportunity to multiply money by doing nothing. If they want safety against the crazy economy of today there are other options to put money in. Bitcoin volatility is nice, but it is in my opinion not something to feel safe with in tough times.
This is not any usual marketing, they are hunting two birds with one arrow, they are marketing and they are making money from the Bitcoin's price volatility too. They are not investing because other big players are getting in, this is not a valid reason for any company to invest in Bitcoin, like if BlacRock is investing in Bitcoin, Metaplanet should also invest. MSTR has been investing in Bitcoin for a long time but Blackrock did not follow them, all because of the demand from the customers/investors of those companies. Yep, investing in Bitcoin still have risks and if these companies think they are investing because they can make money in short time which they are not thinking though, but still if they are, they are making huge mistake, Bitcoin's volatility can make them huge lose too, although the real benefit these companies are making also from their stocks, they are actually hunting three birds with one arrow. |
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I think there's always hype when the Fed is about to announce what it's going to do with interest rates, even though it's known in advance and is priced in. Although it seems to have been priced in more on the US stock market than on Bitcoin, with the announcement we could indeed see some movement upwards, which we are lacking at the moment.
I am not into stocks but heard the Russell 2000 made some pump although the stock market also remained a bit moderate like the news of cutting rates also sold by the stock market last month, when Powell already shared he is going to cut the rates, I was expecting he will say something about the upcoming FOMC meeting that will be either bullish or bearish. But he did not said anything about that, anyway market is still bullish and today Bitcoin pumped and if it holds its $114k support then we might see it making another all time high in the next month and these 10 days it can go sideways. At the moment we can only see small pumps then one we were expecting will come next month. |
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@Wakate is right in a way.
CCECash free raffle has become quite attractive, and free places fill up very quickly. And it would really make sense if the participants made an effort to find out more about the service itself, and it cannot be said that it has nothing to offer.
I never said it has nothing to offer, and yep wakate is right in a way and I agree to him as well that if someone is only after the raffle reward, that's a loss to them. Perhaps you can scrutinize my words again so you understand what I meant from my point of view. I am aware that their are so many people using the CCE.cash automated exchange that are not even a participant of the contest but their are many contest mongers that only participate in various contests and are not interested to know more about the company hosting them. Giving more opportunities to those that are always keeping this thread busy is a good opinion for me so that can indirectly bring traffic to the website.
Nooo I did not mean to scrutinize your words bro, anyways you are right, there are many people who just participate in the raffle and they don't care about the project. And as I said earlier, we can't do anything about them, because they can get 2 slots if they posted here. They posted once and now forever they can take 2 slots. This needs to be changed, like it should be set to every week, so anyone who wants to take 2 slots should make a post before that raffle announcement and after the last one. |
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Bitcoin has proven to be consistent and reliable over the years with measures made available to secure our assets from malware attacks by providing face verification, 2FA, email verification and the likes.
It has being used as payment means for goods on the long run and that has being an innovative system at the moment but the knowledge and usage of Bitcoin has not fully being diversified making it not fully functional.
But here is the question, do you think Bitcoin can overshadow the relevance of dollar in the future?
No Bitcoin will not overshadow any fiat system, because the bigger regulatory frameworks are talking about blockchain and cryptocurrency and they can make banking sector to adopt crypto fully so when that will happen Fiat systems like dollar won't be shadowed by Bitcoin but they can work parallel providing their own security features. Although one can never shadow any other, because both have different use cases and users, bitcoin is used for volatility and dollar is stable used for buying and selling like p2p deals with less or no fee at all. The use case for dollar and for Bitcoin will increase, although Bitcoin is to some extent taking the customers from fiat sector but it did it a long time ago and still doing and will continue doing. |
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In my country, it is pretty common for parents to have kids then think that their kids are their hope. That is because they get kids without being financially ready for it yet and then they just eventually hope that when their kids grow up they will be the ones to build wealth for them. But is having kids the reason why people end up financially worse over the years? Do not get me wrong, kids are a blessing but realistically speaking they are expensive. Is it fair to yourselves and to the kids to have kids just to leave it up to them to be wealthy and let them grow up through hardships?
This is so bad, the same trend is here in my country but not all of the people do this, those who have businesses and lot of wealth or those who don't want to be a weight on their kids and want to maintain their sovereignty by not depending on them they do not do this, they work hard and become a blessing for their kids they provide them everything and they make them stand up on their foots. If the kids will be good ones they will support their parents without their parents asking them, most of the kids do that, their parents don't ask for anything form their kids but they do it for them, and I am using the word kids (even if they are not kids anymore because to them they are still kids.) |
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OCC = Office of the Comptroller of the Currency, it’s a U.S. regulator under the Treasury. They’re the ones who oversee national banks and savings institutions. So if OCC says something about crypto or blockchain, it matters because it basically tells U.S. banks what they can or can’t do.
In short, if OCC gives the green light, banks can start touching crypto more openly. If they say no, banks will avoid it.
That’s why their recent softer tone on blockchain is a big deal.
can this be a good news for bitcoin's adoption?
You are right OCC is a key USA regulator and they supervise banks that means anything coming from them carries real weight and if they are considering Blockchain and talking about cryptocurrency then we are going to see a massive adoption from the banking sector too, although they have to comply with SEC and FinCen too but SEC is already very crypto friendly now, not so sure about FinCen but they will also become friendly. This is a big news in the mass adoption of Bitcoin and the banks controls trillions of assets and if they opened their vaults for Bitcoin then bro it is already 10x from current price, but I don't think they will talk or consider Bitcoin but they will adopt Bitcoin's Blockchain technology or any blockchain technology. |
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It is very clear that there will be rate cuts announced today, but more importantly, it will be the speed of Powell that will determine the market direction that will be sustainable after this event. No doubt, there will be high volatility during the event, but what happens later depends upon what Powell has to say about the further rate cuts in their year and his stance on inflation.
Thanks for sharing this, and these events can have a big impact but I also think he will cut the rates because he had shared this previously and the PPI and CPI data also suggest he will cut the rates but there is a word in the air that he might not cut the rates but might keep them unchanged, if that happens, then we might see a correction back to $107k but if that happens it will be a buying opportunity. Better for holders but not for future traders, they should avoid opening any risky trades today, better to stick with less risky trades with stop lose. The volatility will be high but he is not following Trump and when everyone is expecting a yes from the market the Powell says no haha that's the main fear of the current market now, but it will pass. |
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Today is FOMC, as we all know, and it's either the market makes people happy or cry at this point because bulls step in yesterday pushing BTC price above 117k and we could go higher if things go well but red folder news days like this, price usually get to a premium zone to get traders confused on what to do, are we going to see new highs today or new low.
What's your take on FOMC today?
We already know he will cut the rates today, as he have shared this in August and at that time market pumped now the question is what other news he can have that can dump the market because I already know he will cut the rates because the PPI and CPI data released in the past few days showed that fed are to cut rates and even Powell said this in a meeting last month. So why is this a big hype or everyone is creating hype just to make this day more special, there is nothing special bro, nothing bad will happen, and nothing good too because market will remain sideways. If he said something bearish for the next FOMC meeting which will take place in October then I can't say anything but for today everything is either bullish or sideways but not bearish. |
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