Bitcoin Forum
May 13, 2024, 09:25:58 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 [2]
21  Alternate cryptocurrencies / Altcoin Discussion / What do you guys think about WOZX? on: December 09, 2021, 03:39:50 PM
I've been following it for some time.
Forget about the fact that Steve Wozniak has anything to do with it, I personally like the project very much, as I've been involved in the environmental cause for years, and seems not only worthy, but makes a lot of sense to me from a more practical point of view.
Yet the coin keeps finding new lows almost daily, and won't take off, or even catch any meaningful break.

Any opinions on it? Is it worth it, or it's just another useless shitcoin and should be avoided?

Than you all in advance.  Smiley
22  Other / Beginners & Help / Can we talk about airdrops? on: December 07, 2021, 02:38:11 PM
So I searched the forum and online. The world seems to be divided (not surprisingly) between airdrops lovers and haters, and not much in terms of actual data a newbie can use.
Could anybody please help me out?
What are they?
Are they good? Are they bad? Are they worth it?

Any info (ANYTHING) will be greatly appreciated.
Thank you all in advance.  Smiley
23  Other / Beginners & Help / Please, help me understand. on: December 03, 2021, 06:43:30 PM
Ok, yeah, I'm as new as anybody can be.
The fact is, I keep reading everybody treating investing and trading as two different worlds.
Now, the more I read about it, the more I think both investing and trading techniques could be used together to optimize returns. I have asked about it before, and was told it'd be terribly difficult to implement both at the same time. But, for what I see (yeah, I understand I probably don't know the half of it), implementing a strategy combining techniques from both shouldn't be that hard, and the difference in terms of both increased returns and minimized risks could be important.

For example: when it comes to rebalancing, using some trading techniques would help you avoid buying and/or selling at the wrong time which is a very real possibility if you rebalance using time or margin alone.

Then I keep having the suspicion I'm missing something.
Am I?

Thank you all in advance.  Smiley
24  Other / Beginners & Help / Some rebalancing questions. on: November 24, 2021, 07:26:35 PM
So I started this topic on another board, and it was deleted. Since no explanation was offered, all I can do is guess it was on the wrong board. A heads-up would've been nice though.
Either way, this is important to me. I hope it won't get deleted this time. Here's a copy/paste of said post.

As I’ve stated before, I’ve been following several courses on cryptocurrency trading and investing. In one of them, I came across a website (Shrimpy.io) that provides automatic portfolio rebalancing to investors.

Now, for some reason, they have a whitepaper you can download. I just read it. Very interesting indeed.
Of course the whitepaper is  more of a cleverly disguised advertisement, but it still made for a good read, and raised a couple of questions.

Two kinds of rebalancing. Why not three?

First question is fairly simple. Rebalancing can be performed periodically (regardless of the deviation percentage between different assets, providing there’s some), or on a threshold basis, independently of time. But, why not combine both? Let’s say setting up an “X” period, but also a given threshold at the same time, so the rebalance would be performed should either be reached. 

Then, there are a few more questions:

As per the whitepaper, there are a number of possible scenarios that would call for rebalancing:

Pump and dump: an asset gets a quick price hike, and then falls back to it’s normal(ish) price range.

Flash crash and recovery: pretty much the opposite to the pump and dump: the asset’s price drops suddenly, and later recovers to a somewhat normal value.

Sideways movement: The asset price stays within a given range.

Slow death: the asset price drops slowly, and doesn’t recover.

Slow take off: the asset price starts an upward trend.

Sharp decline: the asset price drops sharply, and stabilizes to a new baseline.

Sharp jump: the asset price increases sharply, and stabilizes to a new baseline.

Now, there are several scenarios that worry me:

Sideways movement: of course, this is already covered in trading: you buy when the price approaches the support and sell when it reaches the resistance. Great. But a scenario can arise (depending on the rebalancing period you may have selected), in which you end up buying high and selling low. On the other hand, using a combined strategy under those conditions could prove lucrative.

Pump and dump: the price starts rising, and you  sell some to keep your portfolio right. Then it keeps going up, so you sell more of it. Then it falls back to the baseline, and you have to buy back part of it. Sure, you won’t lose money (you sold high and, with any luck, you’d be buying low), but you’d have made more money if you had kept an eye on it, and sold at (or near) the highest price.


Slow death/Sharp decline: whether the price of an asset drops slowly or suddenly, you can potentially end up sinking your entire portfolio on a sinking coin. That’s the scenario that worries me most.
So, here’s my idea: wouldn’t be feasible to set up kind of a “panic price” (similar to a stop loss) at which to stop correcting that cryptocurrency, just in case?

At the same time, wouldn’t it make sense to use sort of a combined strategy (besides the third rebalancing option I mentioned above), using some trading techniques that might be useful for some of those scenarios, in order to maximize profit?

And finally, would it make sense to keep a small amount of a stablecoin (I’m thinking USDT), to quickly liquidate (or buy) a coin when needed?

And finally, my main question: am I reading too much into it? I have a tendency not to trust anything that paints me a  perfect scenario or outcome. My personal experience is they don’t exist.
Do you guys know this website? Is anybody using it?

Thank you all in advance. Smiley
25  Other / Beginners & Help / Binance is advertising in Buenos Aires on: November 23, 2021, 01:51:50 PM
So a couple of days ago, I was walking in Buenos Aires and I saw a bunch of big Binance ads (pay with BTC, etc. The kind of ads aimed to the regular Joes, not to investors).
Is anybody else seeing that kind of advertising in their city?
To be honest, I'm kinda worried they might wake up to cryptocurrencies and start taxing them... 
26  Economy / Economics / Possible market crash in the near future? on: November 11, 2021, 05:19:46 PM
There are (as of  now) 14029 cryptocurrencies listed in coinmarketcap.com.
A case has been made (repeatedly) for  the existence of a bubble in the cryptocurrency market.
Yeah, I understand cryptocurrencies are volatile, high risk investments. But, are you guys expecting a market crash anytime soon?
27  Other / Beginners & Help / Using a software wallet on a dedicated, strictly offline OS. on: November 09, 2021, 04:55:40 PM
Ok, I tried to use Tails as a vehicle for a cold(ish) wallet, but the thing is so horribly inconvenient I ended up discarding the idea.

So here's another question for you, more knowledgeable guys:

I'm thinking about installing Porteus on a pendrive, and Coinomi in it, and use it strictly offline to store my coins, using paper wallets to transfer money in and out the software wallets as needed.

So, to be more clear: I'd only connect Porteus to the internet to update it, say once a week, for example. Any crypto trading would be made directly to the corresponding paper wallet on a different OS (Fedora, which I'm currently using), and then the paper wallet would be moved into Porteus offline, and the funds will be transferred to Coinomi.

I'm on the fence whether to use Porteus on a pendrive or it or another light distro on Virtualbox for Coinomi, as I don't know how safe Virtualbox is.

So, the questions are:

1. Is either method suitable as an alternative to a hardware wallet? I know they're not as convenient, but that's not a problem.
2. Which method is better, from a "strictly security" standpoint?
3. The virtualbox method is more convenient, as I can have it (and the wallet) in my computer all the time. How secure would it be?

Thank you all for the replies.  Smiley
28  Bitcoin / Development & Technical Discussion / Let's talk about security on: November 04, 2021, 03:19:34 PM
I tried to post this on the "Serious Discussion" board, as it doesn't necessarily pertains to Bitcoin, but couldn't do it. Sorry.  Embarrassed

So, as I stated before, I've been doing a lot of research, while getting ready to start investing. Not surprisingly, I learned that there are a lot of criminals preying on crypto investors.
Now, money is (courtesy of, among other things, the damn pandemic), very tight. I've been looking at ways that may be within my means (or lack thereof) to make my investments as secure as possible.
So far, I'm looking at using 3 operating systems (Fedora Linux for my main activity online, most likely with Tor, Windows 8.1 inside a virtual machine for information and monitoring purposes only, and Tails with Tor for coin cold storage).
My question would be, initially, about VPN's.

Would using Tor over a VPN be a good idea for crypto trading? I understand (to a point) the advantages of such a setup, but would it provide any real advantages in this case? Is it worth the extra expense?
I know Linux is generally (not 100%) immune to malware, but I'm particularly worried about phishing and keyloggers. In the meantime, I have installed ClamAV already, and I'm keeping as secure as I can. Am I overthinking it?
29  Economy / Economics / What happened? on: October 28, 2021, 03:46:55 PM
Hello everybody, first time here.
I wasn't sure where to post this, please feel free to move it if I messed up.

Thing is, I'm yet to start my investment (maybe in the next few days). I've just finished a course by Chris Haroun on the subject.
So I've been keeping an eye on the prices of Bitcoin, Ethereum and Binance Coin for the past few days. As you all know, all three coins took a dive yesterday. What I just noticed is that all three fell about the same time (around 4 A.M. yesterday), and recovered also about the same time (24 hs. later, about 4 A.M. today).
Did anything happen, that would cause such a synchronized dip and recovery?
Thanks in advance.  Smiley
Pages: « 1 [2]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!