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December 02, 2024, 01:16:02 PM *
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1  Economy / Trading Discussion / Re: Exchanges opens my orders with random amounts on: Today at 11:11:28 AM
I am using a strategy where for example the second position I open is double the first position (is just an example)....

I have tried different cryptocurrency exchanges but they open my order with a different amount than the one I had chosen...

do you guys know any cryptocurrency exchange that opens my orders exactly with the amount I choose?

I am not sure I get what you mean...

Do you have any screenshots? Maybe that would help me understand better what you are talking about?

Are you using limit orders or stop orders?
2  Economy / Gambling discussion / Re: When it's too obvious, it's a trap.... on: November 30, 2024, 05:10:17 PM
Do you mean 'when it is too good to be true?'

I agree with this.

Too good to be true is what OP meant, I think. S/He just did not know how to word it right.

If somebody gives you excellent odds like 100/1 then there is obviously a reason why it is that way. And obviously taking that bet is something only an idiot would do because he does not understand the higher the odds, the more likely that he will lose. Because there is a reason why the odds are so high in your favor.

A horse with a broken leg could be given 100000/1 odds but who would bet on such a broken animal to win the race?
3  Economy / Economics / Re: Bitcoin is not a Ponzi. But sometimes it is marketed like one. on: November 30, 2024, 04:54:52 PM
I do not find Bitcoin to be marketed like HYIP or like a ponzi.

Having actually worked in marketing, I can tell you that most things are marketed through word-of-mouth and community. Getting the community to do all the marketing is one of the basic goals of any marketing strategy.

And honestly, it does seem a bit ponzi-ish when you look at it at the wrong angle.

But Bitcoin is not some worthless meme-coin with a useless blockchain. It has use-cases. And When Bitcoin gets "marketed" which aspect gets marketed?

With a HYIP or ponzi, the point is to get everyone excited about it for no reason. Basically a meme.

With Bitcoin, we keep talking about how decentralized it is, how impregnable and incorruptible. And those are only a few examples... We can actually understand why Bitcoin is so valuable. And those are the aspects we 'market'.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: Kraken delisting Monero in EU adds just 1 hop to the end user on: November 29, 2024, 10:04:34 PM
In this example I use LTC as it has low network tx fee's but you can use whatever you like that's listed on Kraken and supported by Cake Wallet.

Buying:

  • Buy LTC on Kraken
  • Withdraw to Cake Wallet
  • Exchange to XMR

Selling:

  • Exchange XMR to LTC in Cake Wallet
  • Transfer to Kraken
  • Sell LTC



Yes, you are talking about atomic swaps. This can be done between compatible blockchains. Cake Wallet has this option but it is not limited to Cake Wallet, rather it is an intrinsic property of the blockchain. It could be technically considered dex as well.

I would keep my coins out of third party wallets like those of centralized exchanges though. You never know when they will find a bs reason to freeze your account and your coins. Either that or you could get the Mt. Gox/FTX/[insert name of Cex here] treatment (Exchange gets hacked/exit scams and you never see your coins again).
5  Alternate cryptocurrencies / Altcoin Discussion / Re: How do people make millions with memcoins on: November 29, 2024, 09:57:48 PM
The only people making millions with memecoins are the people who make them and then sell them to idiots. Same goes for NFT's.

Chasing a get rich-quick-scheme will always end in failure and shame. Be smart and don't stray off the Bitcoin path. You might not get rich overnight, but you won't spend every minute watching the screen, waiting for an oncoming rug pull.
6  Economy / Gambling discussion / Re: Charity Gambling on: November 29, 2024, 05:32:06 PM
Have you heard of Charity gambling?

Quote
Charity gambling is a "form of incentivized giving" where a charity (or a group of charities), rather than a municipality or private casino, oversees gambling activities such as bingo, roulette, lottery, and slot machines and uses the proceeds to further its charitable aims.

https://en.wikipedia.org/wiki/Charity_gambling

What's your thoughts on this? Is it a creative way to raise funds for a good cause? Or will it simply promote gambling?

Others might say that it conflict with charitable values as it linked to gambling-related harm. Have you been in one of this charity gambling in your locals?

One example of this kind of charity gambling is the Dutch Postcode Lottery.



https://www.postcodelotterygroup.com/what-we-do/nationale-postcode-loterij/


I think there will be costs that require the 'charity casino' to fund its operations. And if that funding is taken from the casino profits then the entire concept goes back to being a casino with a charity aspect.

How much of the profits go to charity? And which charities does it go to?

Who will be overseeing that there is no foul play? Will there be audits or something from a third party?
7  Economy / Trading Discussion / Re: What do you think bitcoin price would be in the next few days? on: November 29, 2024, 04:58:27 PM
I think we are going to see a lot of back and forth between 90 and 100k but I doubt we will go back to 65k anytime soon. Although the hope is there. I would not mind buying some cheap Bitcoin before going across 100k. But I am not risking any money on that hope.
8  Economy / Trading Discussion / Re: if you are a trader, how long it took for you to become profitable trader? on: November 28, 2024, 07:12:20 PM
More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?  

Of course 2-3k per month is possible. But unfortunately a stable income is not likely with trading. Sometimes you get 1k, 10 dollars or nothing at all for half a year. Do not think trading can replace a steady income source.

But the question should really be how much money are you trading with? Because it is easier to make 2-3k if you are trading with 200-300k rather than 20-30k. That's 1% against 10% per month. Obviously earning 1% is more do-able than 10%. But if you have like 500 dollars to trade with, then you are not going to make 2-3k per month, no matter how good of a trader you are.

9  Economy / Trading Discussion / Re: What is your trading strategy? on: November 28, 2024, 06:28:42 PM
What trading strategies do you use and what indicators tend to give you the best results? And how many indicators are you guys using at once?

1. Never sell on a loss. Bad trades go into the hodl pile.
2. Do not worry about how low the lowest price will be. Just buy the dip.
3. Keep your emotions in check and do not trade when you are emotional.

For how long do you usually hodl bad trades?
Or it depends on the situation?

As long as it takes to not make a loss. Usually a long hodling time is rare, but it also depends on the time frame you are trading on. If you trade on the 1 day frame, you will find mistakes can take days to weeks of hodling. But you can usually find a spot to sell at a profit in a short time frame, sometimes within the same day. If you were unlucky enough to get hit by multiple dumps then the worst thing you can do is panic and sell. That is 99% of the reason why traders lose money. I have found it better to just wait.

10  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 27, 2024, 06:05:07 PM
Jim Cramer calling Bitcoin a winner feels very unsettling.
11  Economy / Trading Discussion / Re: What is your trading strategy? on: November 27, 2024, 06:00:28 PM
What trading strategies do you use and what indicators tend to give you the best results? And how many indicators are you guys using at once?

1. Never sell on a loss. Bad trades go into the hodl pile.
2. Do not worry about how low the lowest price will be. Just buy the dip.
3. Keep your emotions in check and do not trade when you are emotional.
12  Economy / Speculation / Re: Bitcoin Top is in. on: November 26, 2024, 06:44:31 PM
Summary:
Here is the top on Bitcoin. Europe will have a massive recession that might (will most likely) spiral into a depression. It will be dubbed something like the Eurocrisis. Celebrating its anniversary. The purpose of which is to unite (enslave) the EEC under a common economic policy.

Goodluck!




This is not a speculation based on technical/fundamental analysis, but rather a baseless prediction. Much like one would expect from a phone psychic.

Do you have any kind of data to back this prediction up or are you just hoping that all the pieces fall into place, somehow?
13  Economy / Trading Discussion / Re: Peace of mind, the best trading strategy! on: November 26, 2024, 12:38:14 PM
Is there any psychologist who can help traders to train their sub-conscious minds and make decision-making more sharp and efficient?

You do not need a psychologist for that. All you need is to strengthen your willpower, learn to recognize when your emotions are high and never trade when feeling emotional. That is really 99% of what you need for any trading strategy.

Some people would call that 'having a high self-discipline'.
14  Bitcoin / Bitcoin Discussion / Re: Bitcoin from ATM without KYC on: November 26, 2024, 05:13:29 AM
The only reason why somebody would get a problem cashing out is if they do so on a third party platform which is known for demanding KYC and freezing accounts due to suspicion or whatever they come up with and pretend it is an issue.

Stay away from centralized, controlling, personal-data-collecting elements (like crypto exchanges and other custodial wallets) and you will be fine.

As people have already posted, there are better ways to cash out.
15  Bitcoin / Bitcoin Discussion / Re: It's hard to admit, but I was wrong about Bitcoin on: November 26, 2024, 05:09:05 AM
As the price of Bitcoin is currently making record highs every moment, many are now regretting every moment of not investing in this coin. Likewise, Australian market analyst Tony Saicamou is also regretting.

It is never too late to get into Bitcoin.

But what stops many people is the thinking: "Oh well its already at the ATH, it won't go higher and will probably drop soon". And then it goes higher and they regret, once again, not investing.

I have made that mistake many times in my newbie days and I will not repeat it.

Bitcoin is a valuable investment at any price.
16  Economy / Gambling discussion / Re: Deposits in crypto while balance in USD on: November 24, 2024, 10:27:43 AM
I was thinking about this practice in casinos, and now after this crazy bump in the markets, it makes sense.

Casinos needs the wager in USD and not in cryptos, and that's because the wager affects the VIP level, so, if we wager 10 bitcoins while the btc price is in $20k that would mean $200k wager, but if the price goes up to $100k/btc then the wager for those 20 btc would be $2M.

So, if the casinos save the wager in crypto-amounts and not in USD the users would automatically level up their VIP without wagering, they only need to wait while the coin price goes up to the moon.

And that's why the balance in USD or Local Coins makes sense.  

Yes, that sounds like a logical reason and I am sure it is correct, but I am also sure that the casinos have to follow certain regulations and legal frameworks which also plays a role in the entire thing.

Otherwise we would have seen casinos try to settle debts with winners by giving them items of equal value instead of actual, legal money.
17  Other / Beginners & Help / Re: Best trading advice for a beginner on: November 23, 2024, 08:39:00 AM
What advice would you give a newbie that started trading? Let's say he has decided to leave his comfort zone and get his hands on the it.
Are there pitfalls to avoid? Where is the best place to get started with? Any materials to help grasp the concept faster? Do you mind giving hints on what helped you scale through in your early beginning.

Use a testnet exchange for trading, do not use real money.

In the first few years you will make mistakes and you will lose money. I do not recommend starting off your trading journey by using real money to learn how to trade and which strategies are most successful.

Furthermore, do not listen to any influencers or people trying to sell courses on trading. They are always scammers.
18  Economy / Gambling discussion / Re: Should gambling platforms avoid political events? on: November 22, 2024, 11:35:18 AM
I think that anything a person can bet on he/she will bet on.

So there really is not much point in gambling platforms avoiding one event while not avoiding the others.

I am more worried about lobbying. Although we would probably find multiple ways to bet on that as well  Roll Eyes Tongue...
19  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 22, 2024, 09:28:41 AM
What kind of troll market is this? 100K plz.
20  Bitcoin / Bitcoin Discussion / Re: Trump to buy Bakkt, a crypto exchange on: November 21, 2024, 05:43:10 PM
Well he is still currently in talks to do so. So any buying decisions are just rumors basically?

If he does actually buy the crypto exchange Bakkt, I think that is a strong signal that Trump is planning to do much much more good things for cryptocurrency. I tend to stay wary until he does it, though.
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