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1661  Economy / Trading Discussion / Re: Know it that market is speculative on: April 29, 2023, 03:01:37 AM
Things are supposed to be that simple, but what happens is different, as trading works 24 hours, 7 days a week, and platforms are from all over the world, and trading can be done between platforms. stability tends more to market demands and not to one user, where you have a level of support and resistance through which the price moves, which is the basis of what Known as technical analysis that helps you make your investment decisions.

When you place an order to buy or sell, you take into account the following support and resistance levels, taking the relative averages as a basis for trading.

1662  Bitcoin / Bitcoin Discussion / Re: can we see how many people are attacking bitcoin network? on: April 29, 2023, 02:46:59 AM
The type of attacks that can occur on the network vary in cost and impact.

  • Double spending attacks are considered the most dangerous, but they are rare if they have not occurred before.
  • Spam attacks are easier to detect, and they lead to an increase in fees in the network, but we are not witnessing much of them due to their lack of economic feasibility, especially with the multiplicity of competitors.
  • FUD, it is not a real attack, but rather an attempt to influence the market's psychology, a behavior that arises with every abnormal price movement.

I do not know if there is a site that gives you such statistics, but it is easy to do if you search.
1663  Economy / Exchanges / Re: Please check your binance address on: April 29, 2023, 02:15:48 AM
Does anyone know what will happen when you deposit to those old addresses?

  • will contacting the support team solve the problem
  • or is the money lost forever?

They had to put a warning in the account and not to cancel the deposit to those old addresses unless the user agreed to that, either by clicking on a link in the e-mail message or when he entered his account, but just an advertisement on the e-mail will not be enough for many, which means that we will hear stories of losing money soon.

I stopped using binance a few months ago, but the warning is nice because I am sending to the same address on my new exchange.
1664  Economy / Exchanges / Re: Kucoin Twitter account hacked, $22k lost on: April 29, 2023, 02:05:23 AM
Do any of you have any snapshots of the nature of the scam that happened? Are they links to access your account, double money scam, free gift trick or what? In just 45 minutes, and through tweets, a scammer can collect more than 20k USD, which is not a small amount, and it is additional evidence that many cryptocurrency users need more awareness and investment in learning than losing their money in such ways.

I wish their cold/hot storage is managed by a more professional team.
1665  Economy / Economics / Re: food supply Blockchain technology. on: April 29, 2023, 01:21:17 AM
All I see now is to put the word blockchain in a sentence and then think things will get better.

What can blockchain offer in food preservation? Blockchain is nothing but chains of blocks of data, which are difficult to modify after being broadcast, and there is no relationship between them and improving people's confidence because it can happen that there is a consensus between material manufacturers to cheat, and therefore the consensus is the correct one in the blockchain, not the correct data. .

It can be said that encouraging organic farming, consuming canned foods in a short period of time, and emphasizing industrial additives provides better confidence.
1666  Bitcoin / Bitcoin Discussion / Re: The Impact of COVID-19 on the Global Economy and the Role of Cryptocurrencies as on: April 28, 2023, 02:17:10 AM
Great COVID-19 topics are back, starting to miss the 2020 era.

The best solution is to diversify the investment portfolio so that there is more than one asset that is not linked to each other, such as investing in gold, stocks, real estate, bitcoin, silver, precious metals, US treasury returns, foreign currencies and any type of investment that generates income and is not related to the things mentioned above.


Bitcoin is a great investment if you know how to divide your investment, in addition to avoiding heavy investment in altcoins.
1667  Bitcoin / Electrum / Re: Importing trustwallet to Electrum advisable? on: April 28, 2023, 02:00:34 AM
Trustwallet is a closed source wallet so we can't know for sure whether they can know your seed or not so as long as you don't have an answer, it's better to assume they have access to your private key and then generate new seeds using Electrum (from a clean offline machine, and it is better to be airgapped) is the best solution.

using a hardware wallet is the best option if you want to manage multiple assets besides Bitcoin.
1668  Bitcoin / Bitcoin Discussion / Re: The America and the Crypto - Getting on wrong foot on: April 28, 2023, 01:41:26 AM
@Flexystar  is a new level of @Hydrogen I don't like people who quote long articles. Grin

What is happening now is positive in the long run. Whenever individuals decide that using Bitcoin and cryptocurrencies is not like banks, and that you must believe in central platforms that ask you to verify your identity, you are completely away from the essence of these currencies.

And if Bitcoin is able to coexist with all the restrictions imposed, then this should increase confidence in it as a tool for conducting peer-to-peer trading without the need to trust a third party.

It is an opportunity for these companies to escape from the United States and find new investment opportunities. Perhaps it is one of the few times that we do not see the United States attractive in terms of capital management.
1669  Bitcoin / Bitcoin Discussion / Re: Bitcoin Scalability on: April 28, 2023, 01:22:58 AM
Bitcoin Scalability problem is one of the problems that has been addressed with a lot of research and analysis, and you will find many articles mentioning some creative solutions.

What you are trying to say is to find several side channels or more layers of lightning networks, which is useless, because if I want to buy a car for $20,000 or transfer $5,000 to a friend somewhere else in the world, waiting half an hour is not a big problem, and I can pay higher fees, and therefore Within the waiting period of less than 10 minutes on average.


The main problem is to buy daily needs, here one layer (lightning network) is enough.
1670  Economy / Exchanges / Re: What do you actaully consider KYC in terms of information that has to be given on: April 28, 2023, 01:00:51 AM
In my experience there are two types of companies that require identity verification.


1) Does not want to verify identity, but it is required to comply with those rules and does not have a budget to verify all addresses and identities, especially since it operates on a global scale that forms many countries in the world, and this is what happens in most cryptocurrency platforms, as they are forced to comply with the terms of money laundering, and you will not find them verifying that data.

I know people who provided inaccurate data and their account was easily verified.

2) Institutions that check personal data, such as banks, and then they verify the data and may suddenly close your account if they feel any change, and then your personal data must be sent again or every period of time.

I remember that a friend of mine had a problem when he shaved his beard and the bank asked him for a lot of details to reopen his account.
1671  Alternate cryptocurrencies / Altcoin Discussion / Re: Osmosis or Tezos? on: April 28, 2023, 12:46:00 AM
I will go with Tezos I can list some reasons:

  • You will find more of their ads and therefore the chance of choosing them is higher than osmosis.
  • All Time Low/All Time High is closer to Bitcoin, while in osmosis the result is volatile and appears as if a currency is trying to prove itself.
  • Although osmosis has Max Supply, it is far too short to deliver in the short term.

The Osmosis's current staking reward is 20.07%, but Tezos is 5.87%.
What is the goal of Osmosis and Tezos projects?

This is an additional and sufficient reason to stay away from it, as the platforms that give a high staking reward are looking for liquidity in the form of hot money and are therefore more susceptible to a quick correction in the medium term.
1672  Economy / Exchanges / Re: [Table] Crypto Exchanges Assets Transparency on: April 28, 2023, 12:31:29 AM
Great effort, but how to check the accuracy of this data? Meaning, does it come from the platform itself, or does it come from a third party that verifies it.
When panic happens, this liquidity can easily evaporate as Binance lost $2 Billion in a day due to some false tweets https://www.wsj.com/articles/binance-sees-2-billion-in-outflows-as-troubles-compound-9a136e21.

*Among all the exchange listed. Only Kucoin gain a positive asset inflow compared to the previous chart by having +$166.5M compared to its last 04/17 inflow which is +$143.64M. A total of +$22.86M additional monthly inflow but still their total assets is still declining same as other exchange due to the decreasing value of the crypto market.
I am still amazed how Kucoin/OKX works with all this cash flows away from the eyes of governments or imposing serious KYC on all accounts.
1673  Other / Meta / Re: Copy button next to content in code command on: April 28, 2023, 12:03:43 AM
It is a task that takes 3 seconds for a person to perform, that requires a lot of modifications to be made in the forum.

You do not join signature campaigns daily, and at the worst, you do that once a week or a month. The effort it takes to do it is less than 3 seconds per week or month, and the campaign manager can attach .txt link to facilitate the task, and therefore there is no real benefit for Copy button
1674  Alternate cryptocurrencies / Altcoin Discussion / Re: OpenSea investor cuts Platform’s Valuation By 75% on: April 27, 2023, 02:16:42 AM
The loss of one investor does not mean the death of the platform, especially if the developers continue to make it attractive.

NFT is a technology that will stay with us, but the exaggerated inflation during the past months made it more valuable than its current value, so I would not be surprised if we witnessed continuous corrections during the coming months.

But I am sure that NFT will remain with us for several years, or at least until the wave of pumping during the next four years.

Are there real competitors to OpenSea?
1675  Economy / Economics / Re: Concers About Going in Business with a Friend on: April 27, 2023, 01:56:17 AM
Business is related to contracts being clear and the agreement far from personal matters. Otherwise, such actions may destroy your life and trust in others, in addition to the great material losses.

I do not advise the young man at the beginning of his life to start a business partnership with a female friend because the possibility of the failure of the project is great, especially if they do not have experience, and therefore it is better to start your project on your own and after gaining sufficient experience to search for friends or relatives and start a joint business project.

1676  Economy / Service Discussion / Re: Does anyone know BXONE ? Need help : on: April 27, 2023, 01:46:27 AM
i opened an account on BXONE (https://bxone.com/) 10 days ago and did my first deposit.
The service looks serious and has some good reviews but the fact is that i ask them to verify my account (i did full KYC process) and no news since then.
What made you that it is a platform worth depositing in? I visited the site and the design does not seem so professional that you need to manually refresh the page to update the prices. This indicates that they are either scammers or unprofessionals.


them TOS page https://bxone.com/terms_of_service.html it's generic, hastily written, and not a professional disclaimer for a platform that requires users to verify identity.

Unfortunately, you have been scammed and you must assume that your data has been sold to third parties.
1677  Economy / Economics / Re: John Oliver - carving the old wounds of Crypto - Calls it Fiasco! on: April 27, 2023, 01:03:56 AM
The FTX/Terra fiasco are merely distractions and don't actually speak to the fundamental core of Bitcoin. If John Oliver were serious about crypto, he may have bothered to do some actual research as to why FTX/Terra collapsed because they don't actually reflect poorly on decentralization at all.

Bitcoin seems to be the "sloping wall" for a lot of these projects, it's a hot topic, they can talk about it freely without someone suing them or talking in a certain pattern and it gets a lot of views.

Anyone who knows Bitcoin in the FTX/Terra domain and hosts these two topics is someone who has little background in Bitcoin and does not want to spend time learning and therefore watching his videos will be a waste of time.
1678  Other / Beginners & Help / Re: Elizabeth Warren wants the police at your door in 2024 on: April 27, 2023, 12:46:55 AM
I think that the bill will be directed to Self-Hosted (or non-custodial) wallets, which are those wallets that control the private key in one way or another, yet grant the user access to his account while claiming that they are wallets. The most famous example of this is freewallet.

If this is what the bill aims at, then there will be no difference between these wallets and crypto exchanges.

As for traditional (custodial) wallets, how can they apply regulatory restrictions to them, especially if their developer is anonymous and they are open source?

1679  Economy / Exchanges / Re: Why coin base take so long to deliver a coin? on: April 27, 2023, 12:19:05 AM
This is possible to be the issue your are facing if you were dealing in fiat and depending on the time you were sending if the operators have gone for weekend or holiday for few days, anything on this could be possible.
What are you trying to say or what point do you want to make?  Huh Huh Huh Huh Are you almost confirming what I said or what?

I see that the topic has not been updated for more than 10 days, Coinbase is a popular platform and the user did not update that he was scammed despite being active, we can say that his problem has been solved and there is no need for more hypotheses about it.
1680  Bitcoin / Legal / Re: How to close a crypto exchange easily on: April 27, 2023, 12:04:54 AM
Coinbase Executive: Our Client Data Was Sold By Third-Party Providers
https://cryptopotato.com/coinbase-executive-our-client-data-was-sold-by-third-party-providers/

Although in my country, personal data is sold like pies on the market, and it is impossible to fight against it.

I think this is true before the Cambridge Analytica scandal, in which Facebook user data was stolen by a third party. For those who forgot this issue, here is a link to remind them https://www.theguardian.com/news/2018/mar/17/cambridge-analytica-facebook-influence-us-election

Many governments began to be strict in requesting personal data from the end of that year until the end of 2019, and if you notice the date of the article, it is in the year 2019, and therefore the laws of dealing with data and sharing it with third parties have become more serious during recent years than previous years.

An example of this is The Information Technology Act, 2000 (I.T. Act) (we are here talking about Asia, not Europe)

Theoretically, platforms can abuse customer data, but they will claim that a third party has hacked into servers, an argument that takes years in court to refute.
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