I am sorry for your loss, I was lucky to recover part of the amount and try to post here and communicate with them so that you may be able to withdraw your money. Once you succeed, stop using 1XBIT.

Trustpilot is a good place to read negative comments and get a general impression of the platform. If the platform is without evaluation or all evaluations are positive, this is an indication of suspicious activity and it is better to avoid that platform. If there are negative comments, look at them. If they are related to fraud, this is also a negative indicator. Otherwise, review those comments and consider them as part of the platform evaluation.

Trustpilot is an indicator to exclude services, not to trust them.

KuCoin requires users to verify identity but when you reach a certain withdrawal level, this level can change according to regulatory procedures or at least your account may be closed if any suspicions are found about your account or your IP.

LocalCryptos has closed https://localcryptos.com/


It seems that the link to the article you mentioned is out of date.


I don't think someone willing to pay $7,500 a day would try to get tips here.

According to the white paper, the goal of creating Bitcoin is to be peer to peer without the need to trust a third party or deposit your money in the bank for them to transfer on your behalf. Other ideas about financial freedom, better investment, quick profit, improving the lives of communities, or considering it a job all come as side things that accompany Bitcoin.


We cannot express what Satoshi supports except through his posts in the forum and the white paper, which do not express what you are trying to say, so we cannot say that Satoshi said that. As far as I know Satoshi wanted to get away from banking and not create e-banking.

In the past, they were a little clever, as they gave you high returns from a token, and when they could not pay, they reduced the value of the token.

The higher the platform gives APY, the greater the risk of bankruptcy, and on average, any platform that gives APY higher than the average of what banks in your region offer is a platform that may go bankrupt during the next two years, not to mention returns of 13% for all users in a market where there are no institutions that guarantee You get your money back if any problem happens. these things should be indicators to move away from these platforms and not to increase investment in them.

Are you saying that you need to buy $7,500 Bitcoin daily? This is an amount higher than the average wage in that country and is approximately equal to 225,000 per month. It is difficult to find someone willing to pay you monthly with this amount or even several people.
Even $22,500 seems high according to the average wages there, using peer-to-peer platforms is fine but you will need to verify identity with these large sums. It is better to hire a lawyer because of money laundering procedures (AML)

This is to stop the loss in the long positions, but there is a saying that the profit occurs when buying and not when selling, focus on when you buy and not when you sell. Trailing stops are executed below the support level when it is broken, you know that it reach its conviction that the price will not rise again, and therefore it is better to sell. Therefore, it is not placed as a percentage, but rather under the support chart at a rate of 10% to 20%, and not for a specific price, as the support level varies from one price range to another.

It is easier in Bitcoin and more difficult in altcoin especially pump-and-dump coins, in which technical analysis indicators do not play a main role, and then it is difficult to identify support and resistance points. Therefore, in those currencies you do not do many calculations and consider any gain as a gain because it may not come again.

The number of countries is narrowing day by day, which may affect the continuity of their profits, or at least it will not be the same as it was in 2020, which means that Binance may be replaced during the next few years to be the platform despite two or three, or we may not return for a while to have a dominant platform over all The market, but the first platform for each geographical area.

looking for an alternative if Binance is still working well in your country.

It is true that trading is difficult and not something that you can predict, but we are talking about placing trading orders, which are simple in spot trading, approximately 6 or 7 orders. Each order is executed as a buy or sell order according to certain conditions. And if you do not want to go into the details, there is something called the converter, where you can easily convert between your cryptocurrencies without tracking the market situation.


With this command, you can easily convert between your cryptocurrency pairs without even researching the market details.

However, learning all commands enables you to automate trading instead of sitting in front of the screen and waiting for the specified price.

The government is serious in its regulations regarding centralized exchanges, which are supposed to operate according to a regulatory framework and not against cryptocurrencies per se.
If you focus well, you will notice that the main goal is to separate the monetary financial system from cryptocurrencies so that these currencies do not have bank accounts or a dollar cover that gives an image to people that it has value or an entity that supports it and thus loses faith in it.
this campaign is good, as most altcoins will not withstand the regulatory tightening, and then all investments will go to Bitcoin, given that what is happening now is against centralized exchanges and not against cryptocurrencies.

I am not a fan of conspiracy theories, but let's assume that you are correct, what is the maximum wealth that FTX can pay to US politics? According to the latest estimates, the total assets of the FTX platform had reached about 10 billion dollars at best, and if we assume that this amount was available as liquidity, even if it is completely unlikely, then it is likely that there were between one billion and 5 billion that were ready for use, even if we assume that it was Using all that money in electoral propaganda, it will not change a lot of things, it is a point in a big sea, as the debt of the United States for one year exceeds about 2 trillion and it is impossible for you to control it by 5 billion or change its political tendencies.

FTX collapsed because of depositors' blind trust in a person who tried to buy everything quickly to prove to everyone that he had enough money and that customers' money was safe, but he was misusing it and printing fake tokens in return.

What is happening with people? This is the second topic that I read about the terms of use. It is good that I read the expiration date of food products before eating them, let alone reading more than 10,000 words, conditions and regulations, even lawyers do not read them.

I has to divide your questions into two parts, part A related to user privacy and a small percentage of his coins, which is represented in reading the terms of use, and part B that may mean that you will lose your money, such as checking downloads before executing files or storing your seed safely and backups for it.

A:
The behavior is not supposed to be the same in both matters, and a person can act negligently in reading the terms of use, but he must be careful in seed backups, because in the end it is only 12 words.

B:

If we all read the terms of use, then most likely we will not use any service that currently exists, and most likely if these companies implement these regulations, the number of their users will decrease by 90%. TOS are written to ensure that you do not try to take your case to court and stop litigation procedures before they occur and are not taken as an excuse to close the account Unless it crosses the red lines, which are often the most common reason for closing accounts, or they are shaded in a certain color.

These platforms are looking for users, but they comply with these TOS so that the license is not withdrawn from them, it is better to ask the support team for a short list of them instead of reading them in detail.

Unfortunately,YouTube videos are overly optimistic or are not specifically dedicated to Bitcoin, it is better to listen to several channels before starting trading, and using Fibonacci alone does not guarantee that you will get good results because it is an indicator and it is used with several indicators before making a decision to buy or sell, so without Knowing technical analysis indicators and support and resistance levels, you will not be able to make the right decision from a single trading indicator.

trading cryptocurrencies is completely different from trading in the stock market, as with time you know when the indicators are a good measure for trading, when the price of 200-Week MA was broken, it was an excellent opportunity to buy for everyone who is good at technical analysis.

As a beginner, the best advice is to learn, stay away from short-term trading, and use DCA if you do not know how to make a decision.

Yes, but do not use a market order for selling, it will lead you to sell directly even if the price is lower than the market price at the present time because it is an order for the purpose of providing liquidity and executing the order directly regardless of the price. Use the sell option with a price limit and wait for the order to be executed by waiting until The average price on the platform is equal to the price at which you sell.

I suggest that you start with a demo account so as not to lose your money. In that account, you can trade with zero virtual money for the purpose of learning.

it may not be manipulation, especially since the price did not change strongly, and therefore if it was manipulation, it is not profitable, especially since the price did not change except by 3%, which appears as a daily and usual trading pattern. there has been a lot of regulation in the past weeks with the possibility of more exchanges leaving the US, more individuals have already liquidated what they have or are moving away from the platforms for the time being so we have not seen an increase in the price but rather an attempt to hold the previous support levels although options are still open for the price to re-test prices close to the resistance level.

The requirements for airdrops have become more complicated than in the past, in the past you only had to register and you would get free coins.
At the present time, you need more things, such as that you have used the bridge at a certain time, or you have traded in a certain period or with certain limits, or your personal data, and yet you may not be able to claim airdrops that may rise in the future.

The best profits were obtained in the period of 2018, and among them, the maximum that you can earn is the amount of $1,000 if you are lucky and meet the conditions. This may happen once a year, so thinking about alternatives will bring you a better return.

It is difficult for the Bitcoin standard to be a standard in the current circumstances. We are talking about an asset that needs to have a market capacity of at least 10 trillion dollars or more than 600 thousand dollars for each currency, which is something that if it happens, it may need more than 50 years, so in the short term we can Seeing Bitcoin as a tool for international trade, as it can be used alongside a basket of transactions to conduct trading between countries that may not want to use gold or the dollar and will be an alternative to currencies such as the yuan, which will not be suitable as an alternative to the dollar, but Bitcoin will not be a new standard at the present time.

If cryptocurrencies develop so that exchanges can be decentralized between these currency pairs, all we will need is interfaces that work like banks to convert dollars or local currencies into cryptocurrencies.
Until this happens, users will move between centralized and decentralized platforms according to criteria such as their desire to verify identity, fees, liquidity,...etc.

Imposing regulatory restrictions on centralized exchanges is mandatory, but I do not see the possibility of regulating decentralized.

I do not believe that cryptocurrencies have become so strong that US Congressman Warren Davidson is filing a request to expel a person based on regulatory decisions against cryptocurrency exchanges. I also do not believe that the Securities Exchange Act is an institution that depends on the decisions of one individual, and therefore changing that administration will not change anything.

This news is only propaganda and its main goal is to improve the reputation of these platforms in front of their users.

It did not take much time before it appeared to us that mining by GPU became a thing of the past, and perhaps it is good that when Bitcoin could be mined in a simple way, there was no technical interest in how to exploit it more than an interest in making profits.
The community now has a lot of knowledge and mining by GPU will centralize the currency in the hands of large platforms away from the basic idea of the developer.

This news bounced negatively on the price, although I expect the price to rise as long as Binance did not think of de listing of that currency, perhaps a rise for one last time.