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1
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Shall I buy BTC?
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on: May 21, 2020, 04:56:51 AM
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Now prices are in a downtrend, don't try to buy now. Wait for the price to fall to the $ 8k3 zone or, worse, $ 7k5 to buy more bitcoin. Buying now only gives you anxiety and takes a long time to break even. Although Bitcoin halving has taken place but I believe history will repeat again, its price needs to be adjusted.
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3
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: here comes the alts days?
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on: May 21, 2020, 04:35:34 AM
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halving expectation is there, and btc price may keep in a rational range for a time before it explodes.
so maybe it is good time to buy alts to get more btc now?
I don't think alts will pump now so buying alts to wait for the pump and increasing the amount of BTC is not good. because this is the BTC halving event, only the good news alts can grow strongly now. Alts season has yet to come, buying now is quite dangerous. I only encourage you to buy BTC because this halving event requires the price of BTC to be very high to make miners profitable. |
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4
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Economy / Economics / Re: Bitcoin as a leading currency?
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on: May 20, 2020, 08:04:36 AM
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All the comparisons are on paper and it's worth nothing. If everyone knows that bitcoin is a currency that can dominate and be worth millions of dollars in the future, so why don't big businesses accept it now? all just illusion of numbers.
People are being manipulated by mind billionaires by bitcoin. There is only a game of profit here and no real value here. those who are wise will survive, those who are manipulated will lose all their money.
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5
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Economy / Economics / Re: Virus Bear Market?
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on: May 20, 2020, 07:50:27 AM
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An economic crisis or a major recession is also likely due to the fact that major European countries are constantly affected by the corona virus. Russia is one of the countries where the number of infected people has increased and the US has not been able to control the disease well. If this continues for another 5 months then I suspect that investors will run away once again and the market will be bloody, especially not except for crypto. Be prepared for this.
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6
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Economy / Economics / Re: Is Malaysia crypto friendly
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on: May 20, 2020, 07:43:27 AM
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Malaysia is not yet a crypto-friendly country. Although there is not much criticism towards crypto, their legal system does not support crypto. so opening a business there will be a huge challenge and even not to be achieved. but you can open a business in Indonesia, one of the most crypto-friendly countries.
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7
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Economy / Trading Discussion / Re: Your Best trading platform is?
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on: May 19, 2020, 08:39:09 AM
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I am still loyal to the Binance exchange because it has many great trading functions. It has OCO, Stoplimit and the chart is also very easy to see. Besides being a very large volume, the small alts there are often quite powerful pumps and I make a lot of money based on the indicators of the Binance exchange.
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8
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Economy / Trading Discussion / Re: A question about OTC
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on: May 19, 2020, 08:28:56 AM
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Is there any way for anonymous crypto OTC like ETH/BTC at a large amount ?
OTC is an exchange between fiat money and BTC or ETH. exchange local services only offer as low as $ 30k - $ 40k at a time. But if you want to trade with large volumes, you should use Huobi global. Although Binance also has OTC service, users are not as crowded as in Huobi Global. you can buy and sell at a better price there but have to do KYC with a high level. |
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9
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Alternate cryptocurrencies / Altcoin Discussion / Re: New coins are 👎👎👎
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on: May 17, 2020, 09:48:25 AM
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Your thinking is right, because no matter which coin is thousands of times better than Bitcoin, Bitcoin still dominates the crypto market. This is a play that the whales have created and they decide to play. Good projects will be appreciated but can never replace great symbols like Bitcoin, ETH or USDT.
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10
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: High rewards still possible in bounties?
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on: April 20, 2020, 09:29:26 AM
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Is high rewards like 350,000$ for bounty hunters still possible this days? I know it's all down to the success of the project but is this still achievable? How many successful projects with such reward paid hunters since 2018 that you know?
That's the reward the bounty hunters are dreaming of! in fact, it is no longer because IEO, ICO trend has ended and now people are gradually turning to the trading and speculation playground. there are no more xx-capable projects because the sharks have left. Now we can only work on mediocre projects or good projects with low rewards. The situation is really bad and I am planning to find myself a new stable job. |
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11
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Big money moving in next year, means greater demand for DEX projects?
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on: April 19, 2020, 08:07:29 AM
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DEX will still having a hard time to grow, people now are trusting more on centralized exchange, and despite the fact that there is a halving schedule this year but we can't say that bitcoin will rise due to the pandemic.
When you created this post, you don't consider other bad factors such as this pandemic, so I'm wondering maybe you'll change your prediction now that we are seeing how our economy has been struggling.
From what I have assessed about DEX, it is only a secondary trading tool. This means that when CEXs encounter problems, DEX will be a backup plan. because even Binance DEX does not make me happy about the trading volume and trading tool there. There is no stop, no big volume and the price is always very big difference. You may even pay more fees when using CEX. so I still do not appreciate DEX for the time being. |
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12
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Binance Finalizing Deal to Purchase CoinMarketCap! Can CMC Stay Neutral?
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on: April 18, 2020, 06:57:41 AM
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Binance has a good reputation, of course they will not do things that make them look bad. But chances are they could have done something in CMC on a project that would rival binance
To me, Binance needs to acquire CMC to promote their upcoming projects. Their passion is to promote and attract more major investors around the world into good projects. Binance exchange is widely known by people in the crypto market, but to promote it more broadly, CMC is required. Posting and promoting posts about Binance exchanges will be essential to boost its popularity. I appreciate this investment of CZ. |
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13
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Economy / Economics / Re: How can we get people to use bitcoin as a currency?
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on: April 17, 2020, 04:32:10 PM
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I thing in the future most of the world will use crypto currency but when the time comes.. you can see how the evrething evolved for 20years
No, the future will be no one to use bitcoin in payment widely. After 10 years of development, I am increasingly seeing the faces of the whales. they manipulate very strongly and have made a lot of people lose money. All the news is fake and no one seems to be intending to use bitcoin as a means of payment. And even you, do you want to keep 1 coin that is likely to lose more than 50% of its value in 1 day? If you answer this question, I think you will find out the general answer for everyone. |
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Economy / Economics / Re: Will the government understand?
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on: April 15, 2020, 06:01:25 AM
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With the society collapsing , I fear for a common man , I fear for the families who were already living on the edge and now without any jobs , without any money , they are surviving on the brink .
Yes the government is distributing food for the poor , they are doing whatever they can , but it is not enough .
Just like , we are able to transfer our education system , all online in a matter of days , why are they not doing the same for most of the offices ?
Even at the time of the crisis , corruption still can be seen , when a country which is considered the most powerful , the US , when the people cannot trust the president itself , who can they trust at that time ?
I do know that people engaged in cryptocurrencies are way ahead of the time, so do you guys think there is a way by which jobs can be provided to the needy because we all know that a vaccine is 12-18 months away .
Things will take a lot of time to be normal , till then how will the economy survive?
It is one of the indispensable consequences when the economic crisis comes and we cannot avoid it. The government understands this and they are even more concerned about people's unemployment. That is why the US and China are increasingly wanting to reopen the economy quickly so that things do not go into the deep hole anymore. Any government wants its country to be good and beautiful, and its people happy. So now is an opportunity for us to work together with the government to fight this Covid pandemic. Staying home for a little longer and spending less will be a good way to help society and economy grow again. |
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15
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Economy / Trading Discussion / Re: Don't trade what you can't risk loosing
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on: April 14, 2020, 04:30:51 PM
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If we want to succeed in trading, always follow the basic rules in trading. One of them uses capital that we can afford to lose.
Very true if you can't risk loosing better don't trade. Just hold all the capital you have, so the risk becomes very small. Even
though we know that trading can produce 1000x, but the risk is huge. Trading only for people who are ready to face risks,
such as professional traders who already understand the risks when trading.
Very few people actually follow that advice because as we know you need a significant amount of money as your starting capital because even if you are the best trader in the world if your capital is too small you will never make significant profits, so most people find themselves compelled to invest money in the market they cannot afford to lose thinking that making profits in the markets is going to be somewhat easy when we know that is not true at all. I think that is the critical point that many traders lose a lot before making money. Why don't we start with small amounts of money to test our trading methods? I know that with a small amount of capital, we will be discouraged in trading, because of the time we spend a lot but the return is very small. But it is a very necessary time to practice the patience and discipline of a successful trader in the future. Those who can patiently spend a lot of time on this will surely make a lot of money in the future. |
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16
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Economy / Trading Discussion / Re: What is good amount to start day trading is 100$ enough??
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on: April 13, 2020, 04:55:31 PM
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How many times one can loose all his trading accounts before really start trading and earn.
I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.
So the way your transactions are problematic. you should learn to manage capital and learn to accept getting rich will be a long time. I know that many people have their accounts burnt for the same reason only because they don't accept small profits. They always place orders with large amount of money while their total account is very small. Just times of strong market fluctuations can dissolve your account in a moment. So you should start with small amounts and practice managing small amounts. You can read the 2% and 6% rules of Dr. Alexander Elder, I'm applying it and it's really great. |
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17
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Economy / Trading Discussion / Re: Risk management , how ?
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on: April 13, 2020, 04:49:55 PM
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successful trading is about managing risk minimising it as possible as we can , i have read that with correct risk management even with flipping a coin we can do trading and be profitable
i want to know what methods/rules are there to minimise risks
I am currently trying out my new account, it works quite well. It is a 2% and 6% rule, I have read this rule of a legendary trader Alexander Elder. He is one of my inspirations in trading and his method is very effective. But to accomplish this method, we need to have a strong mentality and perseverance. 2% means that in 1 time of your trade, you must only lose no more than 2% of your total account. and if you're constantly losing money and find your account has dropped 6%, it's time to take a break and review your trading method. |
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Economy / Exchanges / Re: What is the best crypto exchange?
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on: April 12, 2020, 05:10:36 PM
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I find that many people choose Binance as the best exchange today, I agree. But never run out of money on Binance. Because this crypto market can happen anything, the Binance exchange is a private enterprise and only CZ is the first. If scam, that would be easy. so people need to be careful and split money into many reputable exchanges. such as Huobi Global, Bitstamp, ... it is still very low fee exchanges and quite large volume.
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin btc- Why will always be on top. I see BitBall Btb as the next bitcoin 🤷♂️
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on: April 11, 2020, 03:56:46 PM
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If talking about technology and the large community, Bitball is nothing compared to the top alts now. So why are the good top alts like Ethereum, Chainlink, Tezos, Atom not able to stand in the number 1 position? because this is a manipulative market and most of the whales' money is used to store Bitcoin. That's why Bitcoin has quite a bad technology but it is one of the most valuable coins. So in this market, never think about technology, it will drain your capital if you're too loyal. In this market, only care about profit, that's the common playground. If you get out of the shared playground, you will soon die.
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH hits $160, after a +11% gainer in the last 24 hours
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on: April 11, 2020, 03:33:09 PM
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From the day you posted it till now market move up a bit than $160 in the last 3 days then dump a little in this day. It looks to me that would be going stable here between $150 and $160. But as what majority said, such movement was influenced by Bitcoin itself, well I agree as there are no significant news related to ETH alone on why did it move like that. So may be for now, as long as BTC pump rest assured that ETH or let's say several altcoins would do the same.
Now it's hard to talk about the future of ETH because the coin is very volatile and just a bad news can make things worse. Any prediction just stops at the prediction and investors tend to hold more fiat during this time. Of course, $150 -160$ is only a temporary price and certainly this coin will drop more if the market does not have a big improvement. It's really temporary, even if the price will rise it's still temporary. The thing is, bitcoin is volatile, we can't tell if the price will just go stable uptrend because anytime it could dump even without known reasons. maybe this would only depend on our target now or prediction, mine is over $1000 and I'm hoping to see it but only possible with altcoins season. $ 1,000 is a greedy number. I appreciate your carefulness in ETH pricing and always have a calm mentality, but I'm afraid your price prediction is too high. For an economy hit hard by covid, people are now holding more cash and preparing for a major recession. The rebound is only due to the fomo sharks and makes its price temporarily increase. The manipulation is increasingly intense and with a small amount of capital the whales can already manipulate the market, be careful at this time. Be patient and wait for a better price to buy and hold. |
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