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1  Bitcoin / Bitcoin Discussion / Oh, market manipulation is finally bad now? on: May 17, 2021, 12:22:36 PM
How come almost on-one didn't bat an eye when Elon was pumping BTC by tweeting about it? In fact people were encouraging him to tweet about BTC or doge, and now it's suddenly market manipulation and potentially illegal when he is tweeting shit about it and it's going down?
2  Alternate cryptocurrencies / Altcoin Discussion / How many scammers have you funded by putting your money in? on: April 27, 2021, 03:25:36 PM
I don't think there's no shame admitting that we make mistakes, that's where you learn from. Sometimes even with DYOR, legit looking projects turn out to be scams. And sometimes we just want to risk it.

During last bullrun ico frency 2017-2018 many people were saying that ICO scams are now over and next time people will be smarter. However now there are more scams then ever, especially rug pulls in uniswap and pancakeswap. We just don't call them ICOs anymore.

My failures of judgement contain 2 icos from many years ago which were obvious scams in hindsight : Swiss Alps Mining, Envion and one latest where Dev disappeared after i aped in to some BSC shittoken for the hopes of 2x-10 flip (i can't even remember the name of it).

Luckily i haven't invested anything i couldn't lose (to scams anyway), and i have even made money with investing to something that turned out to be scam later on. But still they are obviously annoying.

So i would like to hear your stories on how did you get scammed. Was it because you aped in without research or something else?
3  Economy / Gambling discussion / Are there any new casinos with token "mining" i should check out? on: April 26, 2021, 05:46:21 AM
What i mean by mining is casinos or betting sites with tokens you can get by playing, and those tokens give you divindends from the casino profits.

I am already aware of Betfury, Earnbet and Bethash, but when the casino is brand new, the "mining" is usually more profitable so i am asking if anyone can point me to any recently opened sites.

Edit: Also, include in the post how old the site is.
4  Alternate cryptocurrencies / Speculation (Altcoins) / What will current ETH miners mine after ETH goes full POS? on: March 17, 2021, 11:05:36 AM
Where do you think all this ETH hash power is going and why? And more importantly, what does that do to the prices of those coins?

I think that this is something we should talk about considering that ETH hashpower is ATH and we are most likely at the end of transition phase soon.

5  Alternate cryptocurrencies / Speculation (Altcoins) / Dusk Announcement coming today. on: February 22, 2021, 06:56:05 AM
Dusk CEO was teasing about announcement happening today. He doesn't usually do things like this so i am wondering what it is. Most likely a partnership, and knowing Dusk. Most likely a HUGE partnership. Any guesses?

6  Alternate cryptocurrencies / Altcoin Discussion / World’s first Confidential Security Contract Standard (XSC) on: February 20, 2021, 11:58:14 AM
This will be freaking huge! Dusk will have built-in regulatory compliance, and nothing like this has ever existed before.
They have infrastructure in place for the launch and they don't even have any competition. Insane!

https://dusk.network/news/confidential-security-contract-standard-xsc-v2
7  Economy / Trading Discussion / How do you combat your weaknesses in trading? on: January 18, 2021, 01:40:06 AM
My major problem in trading most definitely is Poor risk management. I sometimes see myself more like a gambler then a trader. With that usually comes overtrading because i want to trade for kicks, and even losing gives me kicks. But i try to combat that by trading with at least 4h candles so the time between the swings will be longer, and i will use 1d candles too just to be sure. And naturally leveraged trading is a problem for me.

I have been personally medicating my adhd to not to be so reckless, that i can keep a clear head and most of the time i try to do the exact opposite that my feelings are telling me. Just because i know that the whole game is rigged against my feelings, and markets usually act the exact opposite of how i feel of them.

I admit that some of you might not see some these options as problems in crypto trading, and sometimes aping in is a way to make the big bucks.

TLDR; i guess i wanted to ask that have you guys learned any lifehacks to overcome your weaknesses?
8  Alternate cryptocurrencies / Altcoin Discussion / Could DeFi support leveraged trading? on: October 13, 2020, 11:37:11 PM
Yeah, this might be a stupid question but could this work? Or what it would require to work?
I am guessing first problems could be tx times and maybe open blockchain that enables bots to follow your every move and front running.
 
But there are probably numerous things i haven't thought about because the idea just hit me moment ago and i just wanted to ask from someone in here who understand this subject better.

This just came to my mind after listening to people who were telling me that CEX days are numbered and i was trying to imagine what kind of DEX alternatives there could be in the future.
9  Alternate cryptocurrencies / Altcoin Discussion / Monero's 24h fake volume peaked to ridiculous 84$ billion in september 11th on: October 02, 2020, 01:19:44 PM
Can someone explain what an exchange is trying to achieve with wash trading ridicilous sums like this?
What tactic they are playing out? It's not like anyone is believing that's real.
For example in comparison, Finnish national budget for this year was 57.6 billion euros




Here's a full timeline in comparison on how much more that actually was compared to the rest of time ->
10  Alternate cryptocurrencies / Altcoin Discussion / DeFi boom on: September 02, 2020, 07:58:31 AM

source: https://cryptofees.info/

If you haven't been paying attention to Uniswap and Defi boom, i am not recommending to getting in anymore.
I mean study by all means and this might not even be the top yet because most of the newbs don't even seem to know how it even works.

But this has been most definitely a fomo phase and fees are not for small fishes. And it's anything from $10-50 with erc20 token transfers. Chasing the hype usually means you are already late and this will blow over eventually, just like the ico boom did.

If the project is defined as a defi, it doesn't mean it would have any reason to exist.
11  Other / Beginners & Help / How to DYOR in investing on: August 14, 2020, 10:51:05 AM
You must have all heard by now the term DYOR (do your own research), but maybe you are wondering how exactly to that when investing. So i figured that i'll post and example of how i do my own research and what i am looking for in a coin fundamentals.

What do you need to know when investing?

Project itself (and the technical solution they offer):

Read the project white paper and start by asking yourself: "What problem does this solve?". Many projects are solving made up problems that can be solved with databases, or they have been solved already. They don't need a bulky blockchain. Some projects just put the word "blockchain" in there because it's a buzz word for easy funding from gullible investors that are incapable of doing research themselves.

New coin projects are rarely needed, and forming secure blockchain is not easy task, these projects have high change of 50% attack and are clumsy and costly way to store a ledger. So ask yourself, why new blockchain is needed?

New token projects can be either security tokens or utility tokens, or in some cases both. Security token projects can be shut down by SEC as selling unregulated securities and many of them have already been shut down. So you do have to keep an eye if the project is complying with regulators.

Most of them are not. These projects are mostly centralized by default. And even if they are complying with regulators, tokenizing enough assets to have an impact requires huge partnerships to work.


Tokenomics/coinomics:

When investing to ICO/IEO, you have to pay attention to tokenomics. This means that you have to study if the investors get a fair share of the tokens and is the project giving up too many free tokens that will devalue the poject. Always check their bounty program and the percentages they give to bounty. Bigger the percentage is, more likely it is the project to tank at the moment they list. More % they give to investors the better valuation will investors have for their money. If they give any discounts to any group of investors (early etc) that's always a red flag, because investors want to be treated equally. Giving percentages to advisors can be a bad thing too if advisors have no real use case. They might be just worthless influencers and dump on the project when they get bored.

During the IEO/ICO money rising phase it's also important to know what's the hard cap of the project (max cap on the money they are rising). Putting hardcap too high tells me that project creators are greedy and they don't care if the project value tanks. It's way better for investor to invest into something that doesn't have unreasonable high marketcap valuation from the start. These mid/low-cap projects tend to have room to grow and more value for investor's point of view.

Token issuance rate is important to know. This is an example of a horrible idea ->



(source: https://research.binance.com/en/projects/solana)

In SOL's case, the value will most definitely crash in the start of year 2021 when new tokens flood the market and fast inflation crashes the price.

Sometimes the project tokens are place holders until the real blockchain comes in. If the project gets own blockchain, you need to check the plans for the mining reward rate and max supply as well.


Team research:

Ceo should have always have a strong background in coding, it means he/she is knows what's really happening on the project development, CEO who doesn't have coding coding is a sign of a failed unnatural hierarchy. Any good project has always got coders in charge.

All members in the team should have a good reason to exist. Having unbalanced team with too many marketers or advisors is bad. When it comes to coders you should also check their github activity. In general, you should google every team member and their track record. Bunch of failed projects in the history tells me that they are not finishing up what they started. Once i did a background check to ceo and found and found seemingly unrelated article where i found out that the ceo already abandoned our project in secrecy, i sold my coins and shared my findings with the community and the price tanked hard.

If members are anonymous/pseudonymous, just avoid the project. For latest example - Google "Bruno+Block+oyster"


Community:

For older projects you are looking at the community. And by community i am not talking about the number of members in the telegram, those mean nothing. I mean active talk about the project itself, not only about the project price but the tech and look for people who are forming local communities, asking how they can help and finding their way to support the project.


Future/past:

Then you are looking at their future plans and track record. If the project development is dead, the investment isn't probably a good idea. If they are building something, look from the github that how many people are actually building it. Just one developer isn't enough.


Competition:

Always, and i mean always check the competition. And by competition i mean the projects that are trying to solve the same problem as your coin. You can't trust one community on this, they will have biased arguments and you should hear the both sides because every project has supporters who will defend and fight to the teeth on why their product is superior. And even if the project is superior, that's not enough by itself for creating a standard. Google Betamax vs VHS if you need an example.


Marketcap:

Remember that if you are looking for huge gains, i mean 100x gains, you can't assume that high marketcap coins will do that for you, not very fast anyway. Low maketcap coins have way more room to grow and when they do they rise fast and high because it doesn't take that much money. Low marketcap coins are the ones where over night millionaires made their fortune. Most of these coins aren't lowcaps anymore, but they were. That's my point.

Nothing more comes to mind right now, if i remember something essential, i'll update the article if i can.



Ps: This article is not about trading but investing. In trading you should be focusing more on TA then fundamentals.
17.8 edit: fixed typos
12  Alternate cryptocurrencies / Altcoin Discussion / Someone just paid $2,6M in fees while sending just $133 in ETH on: June 10, 2020, 12:04:48 PM
Source:
https://etherscan.io/tx/0xca8f8c315c8b6c48cee0675677b786d1babe726773829a588efa500b71cbdb65

I am pretty much this was because of fat fingers, but how an earth there's no security measures for this kind of thing? It's 2020 already and after seeing this kind of mistakes, i am pretty sure that ETH adoption is further away. Just one warning message informing about the possible huge mistake could have saved millions for this guy.


Edit (12.6.2020):
- There are now 3 transactions with abnormal fees so we can pretty much rule out any mistake. Even though the third was from another address, it's just too much of a coincidence.
- New theory arises that this is a blackmail attempt

Edit: 17.6.2020
Eth is now distributed to the mining pool contributors as it has been unclaimed
Crypto researcher rebuts $5 million Ethereum fee 'blackmail theory'

Edit: 18.6.2020
Ponzi scheme called Good Cycle owns the addresses where the money was send from
13  Bitcoin / Legal / How is KYC enforced in Bitcoin ATMs worldwide? on: January 20, 2020, 01:36:00 PM
How should i prepare on this while travelling? They just placed KYC in Btc ATMs here in Finland, and i either need to have a previously registered Coinmotion account with kyc, or have online banking codes to withdraw any money.

So i am interested in how much i can rely on Btc ATMs with travelling on some other country and can i rely my Finnish online bank codes working as kyc or do i need to prepare somehow?
14  Other / Beginners & Help / Running nodes on linux on: December 30, 2019, 04:21:00 PM
Hi, i am a Linux noob and would like to know which Linux version should i start with my laptop if i want to run a Bitcoin node and various altcoin nodes?
Pros and cons pretty please.
15  Economy / Speculation / Amount of scam icos will rise again to the whole new level imho on: May 15, 2019, 09:52:37 AM
I keep hearing more and more this hopeful thinking that people will now invest to quality coins after they have learned their lesson on the scam icos and scam coins will die when the bull run starts. (Like -%95 wouln't count as dying and they need to die more.)

And more i think of this, less sense it makes.

Why it would be different this time?
When the next crypto fomo starts big time and $100k hits in on btc, there will be even more uninformed and greedy people getting in.
And when people have ever learned from history? There will be even more icos, itos, stos ieos and such

It's like doing technical analysis on the cycles of stupidity. Just because dumb investing is down it doesn't mean that it wouldn't come back with a vengeance.
There will always be markets for gullible idiots. So prepare yourselves for the ultimate rise of crypto scam industry.

That's my 2 sats on the subject anyways...
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