HTX the name is similar to FTX and there is a good possibility of it crashing. HTX will not have the same effect as FTX Total asset $2,307,112,340.91 https://coinmarketcap.com/exchanges/htx/ This does not constitute a large percentage compared to exchanges such as Coinbase Binance. A name does not decide an exchange is big or small, managed well or bad and will collapse or grow bigger. HTX definitely can not compare to FTX in their exchange Tiers and total assets they own, hold, and total trading volume. The bottom line for all cryptocurrency users, investors and traders is if they want to lose money, they can store their cryptocurrency on centralized exchanges. Oppositely if they are seriously about safety of their money, don't store money on centralized exchanges. An exchange name, exchange tier are not enough to keep their money safely. Reminder: do not keep your money in online accounts |
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Has anyone ever tried wearing a Bitcoin clothing in public?
If Bitcoin is well known in your country, it is not strange if you wear a T-shirt with Bitcoin on it. I wore mine to an event earlier this week and noticed that most of the young age people were looking at it. One person even asked me if I owned a Bitcoin(which I've answered him ).
I see it is kind of risk. When you wear a T-shirt with Bitcoin logo on it, you are saying with other people like I am a Bitcoin investor, I have bitcoin. The question you received from that person is like a warning for you. You can become a target of bad people so if you don't want to have that risk, don't do something like this again. Known physical Bitcoin attacks |
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It's true that years from now the quantity of bitcoin mining a day will drop low from what we are having today making miners to direct complete reliance on bitcoin transaction fees and and if am not mistaking, on bitcoin price too for their reward. Going forward, with bitcoin mining quantity dropping won't miners decline inordinately too affecting the bitcoin network security if one of the two is not constant ?
Miners receive bitcoin from block rewards and transaction fees. When block rewards halve to be small enough, transaction fees will become more important for miners. No guarantee but with past halvings, price increases a lot too and more than doubling of its price before halving. Miner income even becomes more than x2 than before a halving. With transaction fees, because users have to compete each other to be chosen by miners for confirmation, miners will enjoy periods when mempools are loaded too much like recent months with appearance of Ordinals. In future, with bigger adoption of Bitcoin, demand for on chain transactions and miners will take advantage of it with transaction fees. |
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You can use off chain solution like Bitcoin Lightning Network.[Table] All Lightning Network Threads In One PlaceFor onchain, I like how it is now because Transactions per second, transaction time is not my most concern when using Bitcoin blockchain. I care more about security and safety of my transactions on Bitcoin blockchain. If the Bitcoin blockchain with it current parameters, can provide me safe and secure transactions, I like how it is. https://howmanyconfs.com/ |
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Most traders start entering the market when the market looks to increase. There are still many who are afraid because they are left behind to buy and take advantage of market movements. They don't take advantage of buying potential coins when the price is low.
Because they join the market when it increases or nearly touches the all time high, they join it because of FOMO, they will easily shake their hands when FOMO turn to Panic, fear, uncertainty. It's a natural reaction of all human and it repeats as a market cycle. Investing or trading, they must understand The psychology of market cycle. It will help them to understand about the market cycle and will understand more about news they read. Like why at this period, such news are appearing more than previous period. News are used to affect their psychology and decisions. |
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Basically what you say is the truth of Bitcoin investment. Investing is the best way to make a profit and not be affected by potentially detrimental price movements as long as you don't sell your Bitcoin.
Cut loss can be applied for investment because when your investment goes wrong, you must analyze it carefully. Sometimes you have to make hard decisions to cut loss. It is so important if the investment position is with altcoin because you will lose more with altcoins. No guarantee with altcoins that if you strongly hold those altcoins, you will have a price to exit with a draw or will lose all money with them. We are talking trading here so for me, so for me, all the risks you guys mentioned are normal when you are trading. That's why there's stop loss just incase your speculation or analysis went to the opposite side.
I understand you knew about it well because you have your topic for it. One of the Best Weapons in Trading. It is about Stop loss order. Images are broken by imgur.com, may you help newbies by upload images again, please. It will be more helpful if newbies can see images in the thread. |
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second chart shows what is needed to keep that 30 stat number going on and on and on
only 9-12 btc to flood the mempool and force people to spend 40 or 50 or 60 stats
and you need understand that the 9-12 you flood with don't process so you do not lose that quickly.
Now look at foundry they won't let people under 20 ph mine with them so their payout plans are hidden no one knows how much of the fees they give to miners. Unless you have 20 ph tinted to them you can't join them.
So if they make 30% to the blocks which are inflated to 1 btc in fess. we get
30% of 144 = 43 blocks with say 43 btc in fees vs maybe 12 due to the flooding technique. This is not good. It could mean 30-50 sats for months on end. as a typical fee.
The flood attack is from Ordinals, Incriptions that all started with the Taproot proposal and community vote to support it. Incriptions, Mempools and Minershttps://dune.com/dgtl_assets/bitcoin-ordinals-analysishttps://dune.com/dataalways/ordinalsTaproot was activated at a block 709,632 on Nov. 14, 2021. https://blockchair.com/bitcoin/block/709632Anyway for Bitcoin community to vote for deactivation of Taproot? Miners and mining pools will not support this proposal because it is harmful for their income. |
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It is a good feature, but aren't you supposed to leave your money on exchange? It is not for storing money, but for trading, and the money allocated for trading is not supposed to be large. It is also better for you to leave the password for your family in a safe place and for them to be able to access the platform using your computer, and thus it will reduce It is possible that your account will be closed because you accessed the platform with the same computer, the same IP address, the same email, and all the data.
Third party and centralized services are not supposed to be good and safe places to store money. Reminder: do not keep your money in online accounts. Why they should not store their bitcoin, money there? Andreas Antonopoulos explained about it Bitcoin Q&A: Not your Keys, Not your CoinsSome reminders to not do this Security checklistSecuring your wallets |
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Not all experience traders as they claim can identify consolidation in the price chart, which to me it's a killer of our account.
The market can not kill you and your account. You only lose your money if you gamble with your money in this volatile market. Gambling with trading (spot trading), higher gambling level with Margin trading and Futures trading. Try not to be in the market when the market is consolidating, because there is a higher possibilities of you losing that trade.
The consolidation phase of market is most boring but if you hold your bitcoin, don't trade, don't use leverage, and let the market does its own job, you are free of market traps and it's one of biggest tricks to succeed in this market. It's one structure we traders look down on not knowing the danger it pose to our account, during consolidation in a higher timeframe like 4hr is the most dangerous because it can go either way.
4-hour time frame and bigger time frames are more like suitable for investors. You will have less chance to enter the market and exit it by trading with bigger time frame. When you are trading with a wider time frame, it will force you to trade in Spot because you can not control your account in long term by trading. A wider time frame you use, a more likely you are becoming a long term investor and no longer are a trader. |
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You can agree with me that;
BlackRock's CEO has expressed support for bitcoin.
BlackRock is the world's largest asset manager.
BlackRock's clients could potentially invest billions of dollars in bitcoin.
BlackRock is considering offering a bitcoin ETF.
They applied for Bitcoin Spot EFT and waiting for an approval from SEC hence I can not disagree with what you say. The next bitcoin halving is less than 10 months away.
I disagree because it is certainly not correct. A next halving is only about less than six months from today. It is estimated to happen in April 2024. It is about 152 days from now. https://www.bitcoinblockhalf.com/The bitcoin halving will reduce the supply of new bitcoin.
This is true but it is not something really new. People know about that but they just ignore the fact and only recognize about it with each Bitcoin halving.  The Federal Reserve is likely to cut interest rates and start printing money again.
QE would make bitcoin even more attractive as a hedge against inflation.
It's true but effects from FED and other national central banks usually need a lot of time, months and years to be shown at national scale and global scale. Their citizens will very slowly realize effects from inflation or hyper inflation by central banks. |
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Certainly! I think it is clever choice to exit on a time when you see any profit taking opportunity and secure this profit on a time
You have to consider to exit when you see profit or see risk of loss. Profit you see is only on screen, on paper and it is unreal if you don't close your position to take profit. It is a first step and another step to make it becomes your actual profit is cash it out or withdraw it from your exchange account to your non custodial wallet. Reminder: do not keep your money in online accountsWhen you see risk of loss, you must seriously consider to exit your position and wait for another chance to enter the market and chase for profit. |
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In trading sometimes, there are situations and several times where traders while observing a trade placed and the profit they have made already from it begin to think and consider to exit from the trade and take the profit that they have made instead of waiting to the end.
Do you accept to be a weak trader or a wise trader when you exit a trade taking some profit, but not the entirety of what you want on your TP?
You don't have to be a weak or a strong trade to get profit. The vital line is you know how to protect your capital. It's how you are strong in trading. If you can not protect your capital by cut loss to close your position and exit the market, you are stupid. Does it make sense if you are too strong by holding your position for days, weeks and ignore all risks, then at the end, you lose money by market crash, margin liquidation? It is not strong but stupid trader. People can call you as a weak trader by closing your position than wait to get profit but if it means you have to take higher risk, you should not follow them. You are a weak trader in their eyes but if you successfully protect your capital, it's just fine. It is your money, not theirs so they are free to say whatever they want to satisfy their ego. |
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Bittrex has been going downhill since 2017 pretty much. It was a great exchange back in 2014 because they listed pretty much all of the newest altcoins you were able to mine and had a great platform.
I was not here in 2014 but I witnessed the growth of Bittrex in 2017 when they took over the first position of Poloniex. The Poloniex exchange did not expand their infrastructures well enough to meet with user explosion in bull market 2017 and their platform many times suddenly gone with lags, users lost money with their liquidations in Margin trading. Bittrex took over the leading position by listing many shit coins and gave their space to go to Moon. Speculators liked it because they could find many hidden gems on Bittrex. However they were forced to do KYC and that’s when the exchange started to experience problems and lose market share. It hasn’t been a leading since 2015-16 pretty much, just like Poloniex.
They forced users to do KYC but many users failed with KYC and they did not allow users have a window time to withdraw money without KYC. It's a big reason people left Bittrex and never came back. Another thing that changed the crypto market is the introduction of KYC. This have killed many great names because they only believe on the real vision of satoshi which is decentralization.
Relating to KYC, you must mention AML (Anti Money Laundering) too. |
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they operate binance.us and to fully say cz has zero to do with binance.us was likely impossible. thus the us went after them.
I always wonder why they would operate binance.us as it would tie them into usa taw rules.
They started binance.us as a separate thing to avoid problems such as this. Apparently that didn't work as well as they hoped.
Only Binance know why they did it but I thought Binance did it when they felt bigger risk from the trade war between two big nations. Crypto Exchange Giant Binance to Launch US Trading Tuesday. It is in September 2019. The China–United States trade war began since January 2018 but was escalated more some months later. It can be one of reasons or coincidence but it is not a matter now for Binance. |
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As we navigate the ever-evolving landscape of finance, the role of cryptocurrency in payments is gaining traction. 🚀 I'm curious to know your take on the future: Do you believe crypto payments are on the verge of becoming mainstream in the near future?
More changes will happen with cryptocurrency market, this industry ecosystem and cryptocurrency payments, e-commerce that accepts cryptocurrency. With what are going on with Peer to Peer platforms, centralized exchanges in this year 2023, I believe governments will become more hawkish against this market. They will make more Act to control this market more similar to traditional market. There will be more growth for this market and cryptocurrency payments but more challenges will be seen in future. |
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"Why haven't the earliest participants sold their Bitcoin, and some haven't even touched the coins in their addresses, considering the high price of Bitcoin?"
They sold their bitcoins earlier because they did not believe Bitcoin can make price like $100, $1000, $10000 or $60000. They did not touch their bitcoins because they have yet wanted to touch those coins for selling, taking profit. They did not touch their bitcoins because they lost access to their bitcoins by losing private keys, losing devices on which they stored bitcoins and they did not have any usable backups. How many bitcoins lost? The Estimated Number of Bitcoins that Have Been LostLost Bitcoin: 3.7 million Bitcoin are probably gone foreverYou can make your own estimation with HODL wave and UTXO ages. https://www.lookintobitcoin.com/charts/hodl-waves/They lost money but you get donation with a condition that you have bitcoins. Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.
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It is a long thread and I believed you did spent a lot of time to collect those cases.
Bitcointalk is very different than social media and many early Bitcoin adopters, Bitcointalk forum members left it, some stay I know. This forum is not like social media platforms such as Facebook, Twitter, Instagram where influencers, KOLs use to show their wealth. Hence, I believe your thread will not reach too many influencers or KOLs but I agree this thread is helpful.
Because there will be some Bitcointalk members want to become influencers, KOLs in their communities. They must think more after reading those attacks (kidnap, kill) cases.
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Since Bitcoin came into existence in Year 2009 it has overachieve in terms of it value, and I believe that it will keep on gaining more hight.
It have been been 14 years now, and the value is eye catching comparing to the price it started from.
Today, it competing with the very best in the market gold, crude, diamond uranium etc.
Those natural resources i mentioned have been in existence since the history of mankind, but Bitcoin even as a 14 years old teenager is standing as tall as possible in the market.
I don't know where you get information for it but Bitcoin is the best performer in the last decade, it's true. ROI chart https://casebitcoin.com/charts#roi_chart for Bitcoin, Gold, S&P 500, Long US Bonds (TLT) Bitcoin vs Traditional AssetsAny better investment than Bitcoin? You can not have it. But because you invest money in Bitcoin, you need to use non custodial, open source wallet to store your Bitcoin. Wallets like Bitcoin Core, Electrum wallets. |
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But when you file for bankruptcy, doesn't that mean that you have failed to meet your financial obligations and in this case any liabilities which means whatever assets you have will be liquidated to pay your debtors so that FTX starts off from a clean slate!
So meaning if FTX assets are sold to pay any debt to its name then it's finacial position hasn't moved from $1B to $6B as this might have changed hands ,unless we say debt was cleared and Sol and other crypto assets are still in their name then situation suggests they could be solvent...
They tried to create pump games for FTX token, $FTT before selling tokens they have in leftovers of FTX crash, to pay to investors and customers. People who bought FTT token months ago would be very bravely and if they hold the token more than one year, they are very confident with their decisions. Congratulate them if they got chance and actually took profit recent weeks. However if they are greed and want to wait for bigger profit, good luck for their greedy target. Logically $FTT and $SOL tokens will be dumped for above reasons. |
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