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3241  Bitcoin / Legal / Re: Bank Account frozen by Cyber Cell due to P2P Trading (India) on: July 24, 2021, 08:01:43 AM
Good article, but proving your involvement in criminal activity just to transfer money from someone's account to your account is not a legal argument.
The problem of you buying and selling to the same person is considered money laundering and may lead to many legal problems, so it is better to buy and sell using cash, gift cards, or anything that does not include bank transfers.

Freezing your account, and if it does not mean losing money, it may waste a lot of time and money on legal procedures.
Peer-to-peer trading is beneficial in reducing fees but it must be approached with awareness and more seriousness.
3242  Bitcoin / Legal / Re: Coming international crypto regulation in Oct from G20 organization FATF on: July 24, 2021, 07:44:58 AM
Are the decisions of G20 binding on all countries? Countries benefit from these decisions because they mean that many investments will go to that country rather than staying in the same country.
International regulations will not succeed unless countries unite on unified taxes or a collective ban on cryptocurrency, something that will not happen soon because many countries have many economic consequences and will try to make profits from anything, even if they put 40% as taxes.

It will only encourage the movement of Bitcoin to other countries just as it happened with the ban of China.
3243  Bitcoin / Legal / Will the IRS deem Bitcoin a currency if more companies accept it? on: July 24, 2021, 07:22:48 AM
Tesla has accepted Bitcoin, and we note that some banks are talking that more customers want Bitcoin, so if many companies accept Bitcoin, will every purchase or sale be taxed?
I do not think that companies will be imposing such taxes on them, otherwise they will accept payments in cryptocurrencies, especially for small transactions.
Do you expect the IRS to adjust the way taxes are calculated if we see more predictions or classification of Bitcoin as a currency rather than a commodity?
3244  Bitcoin / Wallet software / Re: Greenlight by Blockstream on: July 23, 2021, 11:24:33 AM
Just how many cryptocurrency wallet Blocksteam have? There are Blockstream Green and Aqua, now they also have Greenlight wallet.
One wallet but there is a version for For everyone called AQUA wallet and another for For advanced users called Green wallet.
I didn't use AQUA but it doesn't seem as popular as Green.

(mainly because multi-signature scheme and locktime).
So far, I have not found a person who gives a logical explanation for all these complications that they are doing, any user can set up 2of3 multi-signature wallet thus, he can spend his coins whenever he wants, so why not get the private key directly? Huh


I expect Greenlight will support the same philosophy.

3245  Economy / Trading Discussion / Re: [GUIDE] Fibonacci Retracement on: July 23, 2021, 11:17:35 AM
Yes it's not always perfect as the price sometime breaks out of the resistance or support levels but that's what stop losses are for, aren't they?
Support and resistance areas with Fibonacci retracement give more accurate results, but all these indicators should be used together and not separately.
You must use several indicators so that they support each other.

Most technical analysis is based on price information, but price action trading is about looking at prices directly, typically as represented on candlestick charts.
Normally, prices tend to take charts and by analyzing these charts using technical analysis tools, we get a kind of prediction that helps us in making a decision. Again, they are tools that help to make decisions when there is uncertainty and do not mean a guaranteed profit.

this tool is one of my references to get the purchase price. I like it best when the price enters the 50-61.8 area. in this situation usually the price will reverse direction, but indeed not all of these plans will work, sometimes the price will break through it quickly, therefore we can anticipate it with a cutloss at the boundary of the area we draw
However, using it with support and resistance levels and trading volumes gives good results in the medium and long term.

3246  Economy / Services / Re: [OPEN+2x Sr] OWNR Wallet Signature Campaign | Sr Members+ | Up to $50/Week on: July 23, 2021, 11:05:25 AM
Your bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=1701092
Posts count (including this one): 803
Earned merits amount in the last 120 days period: 51
BTC Address (bech32): bc1qygn7y00z6metlwaferdcykp28gd22w4nt74zmu
3247  Economy / Exchanges / Re: Pure Digital: Discussions and follow-up on: July 22, 2021, 11:11:09 AM
With the backing of respected names in the banking sector, we will see whether Pure Digital will make it.
Governments are bad in terms of privacy but I stand with them here, how do you expect me to leave platforms without registration or official headquarters to obtain citizens' data and control the market?

More people want cryptocurrencies and therefore official intervention is required.


Am I correct in assuming that this is worse than the traditional centralized exchanges [I do know it's a different type of exchange and their clients are different as well]?
There is nothing worse than the current centralized platforms, they are not subject to regulation and yet they ask for data from users, no one knows what to do with them or how to get rid of them.

A lot of manipulation happens, scams, exorbitant fees, absence of technical support with no risk tolerance and the possibility of stealing money on the pretext that the platform has been hacked.

If we want central platforms, it should be organized and everyone monitors them while bearing part of the risks, and this role is very successful for banks.
In turn, it will revive the decentralized platform market, which will look better than its current state.
3248  Bitcoin / Wallet software / Greenlight by Blockstream on: July 22, 2021, 11:01:02 AM
This summary from https://blockstream.com/2021/07/21/nl-greenlight-by-blockstream-lightning-made-easy/ read it for more and source.


  • Onboarding Lightning adds another layer of complexity because of the need to operate channels and liquidity as well as manage backups and watchtowers.
  • New users often opt for custodial services where these technical challenges are managed for them but at the cost of trusting the service operator with their funds.
  • a middle ground that we think is far better: use an operator to run the node with all of the associated challenges while keeping control over the funds with the user.
  • Greenlight allows anyone to boot up their personal Lightning node on our cloud infrastructure in seconds and take full control over their funds


source: https://blockstream.com/2021/07/21/nl-greenlight-by-blockstream-lightning-made-easy/



I haven't used their wallet but maybe the lightning addition reason to use it, I wish I had access to the private key and not a multi-signature recovery phrase.
3249  Local / Türkçe (Turkish) / Re: Algoritmik Trade Sistemi ile Toplu Kripto Market Analizi & Yüksek Trade Başarısı on: July 22, 2021, 10:45:01 AM
Teknik analizin fizibilitesi yanlıştır, özellikle düşük alım satımlar nedeniyle çoğu coin oynak olduğundan, arz ve talepteki herhangi bir artış fiyat artışına neden olacaktır.

Fiyat değişikliğini tahmin etmektense kontrol etmek için botlar kurmak daha iyidir.
3250  Economy / Speculation / Re: TESLA will re-accept bitcoin & SpaceX owns BTC, said Elon Musk. Ready for pump ? on: July 22, 2021, 10:20:23 AM
Can the previous discussion be considered official? The tweets on Twitter and the news are considered official, but yesterday there was a friendly discussion in which the man gave a clear perception of bitcoin, which is better than the perception of many beginners who support Bitcoin (Buy Bitcoin to become rich in the future.)

Tesla's acceptance of the payments would be a victory for it as it forced some accepting miners to switch to clean energies.
3251  Economy / Economics / Re: Why do most cryptocurrencies rise and fall together? on: July 22, 2021, 09:57:45 AM
Due to the high trading volumes of Bitcoin, which makes the whole market affected by this change.
Do not forget that most altcoins are backed by bitcoin or digital dollars, and assuming that the dollar is stable, we get a change in the price of all altcoins.
If the price of Bitcoin changes, then all of the alt-currency rates will change. The difference in the rate and extent of this change.

As for the percentage difference, it may be extreme for many currencies due to the small capacity of the market, which may make a million dollars jump in the price of a currency 300%,
3252  Local / العربية (Arabic) / Re: Worldsbitcoins.com بيع او شراء البتكوينز والايثيريوم on: July 22, 2021, 09:53:01 AM
لست مطمئنا لما يحدث تصميم الموقع مشابهه كثيرا لموقع LBC كما انه يبدوا وكانه مركزي بمعني ان المنصة تدير المحافظ مما يعني انه لا بد من فرض اجراءات التحقق من الهوية.


المملكة المتحدة تحظر انشاء انشطة وكيانات تقوم بتبادل العملات المشفرة وكمثال فان منصة بيناس قد تم حظرها, فكيف تحصلتم علي ترخيص.

اما رقم الترخيص الذي ذكرتة بالاعلي فيمكنني الحصول علية بمبلغ 20 دولار.


رأي الشخصي ان المنصة وان لم يثبت انها محتالة فهناك الكثير من المؤشرات التي تدعم هذه المقوله ولا انصح مطلقا باستعمالها
3253  Economy / Exchanges / Pure Digital: Discussions and follow-up on: July 21, 2021, 05:25:02 PM
BNY Mellon announced it will back the launch of a new London-based cryptocurrency exchange called Pure Digital.
Pure Digital’s Chief Executive Officer Lauren Kiley remarked it is the increasing public interest around Bitcoin that is driving banks into the asset class.


Quote
“We have spoken to all the top-tier banks but we think custody banks were some of the first to see demand, so they are now more advanced,” she told Financial Times.
Global Head of Foreign Exchange at BNY Mellon Jason Vitale also commented on the future of Bitcoin at BNY Mellon: “Digital assets are only going to become more embedded in global markets in the years ahead and this collaboration accords with BNY Mellon’s wider strategy to develop a digital asset capability for clients across the entire trade life cycle.”


The first trade is scheduled to take place "within a week."


More and source https://bitcoinmagazine.com/markets/bny-mellon-bitcoin-exchange-trade-banks
3254  Alternate cryptocurrencies / Altcoin Discussion / Re: Badger wallet reset after phone restart all fund gone on: July 21, 2021, 05:15:54 PM
Hi Guys,

My Bitcoin cash Badger wallet reset automatically after I restart my phone . I lost all my funds. Do you guys know does wallet save seeds in phone memory?

I haven't created new wallet after it was auto reset. It was my expensive mistake in my life.
Did you kept any digital data of your wallet seed? pics, scanned photo, others
File recovery software will do a lot for files, but wallets often don't keep those files.

Best recovery software is EaseUS recovery
I advise you to stop using Badger wallet because it is poorly developed and most developers have moved to other currencies.
the same with bitcoinCash
3255  Other / Archival / Archival on: July 21, 2021, 04:25:20 PM
Archival
3256  Bitcoin / Project Development / Re: new guy looking for CREDIBLE TRUSTWORTHY MEMBERS on: July 21, 2021, 04:22:00 PM
You do not need to create a site to be able to sell in this forum, the problem here lies in the shipping fees, which leads to a high price of anything you want to sell.
some people in this forum love privacy, you will not find many here who want to sell or buy electronic devices or physical things that can be obtained on other websites.

The partner will be the guarantor that your products are original and therefore there are no complications in reshipping again or incompatibility of the things you ordered.
3257  Other / Archival / Archival on: July 20, 2021, 11:31:48 AM
Archival
3258  Bitcoin / Bitcoin Discussion / Re: Reasons for newbies loss in bitcoin on: July 20, 2021, 10:59:09 AM
The main reason is people's ignorance of investment, you can make a profit from bitcoin by waiting, but how long can you wait without needing money? It is the means that will determine the amount of profits that you may achieve.

Beginners come from the motive of making a quick profit and therefore their hands are light and they will sell whenever they get the opportunity to do so.

The amount of money is not important as much as the time. An investment of 1 dollar is not considered a loss, but if it was made several years ago, it represents millions now.
3259  Economy / Trading Discussion / [GUIDE] Fibonacci Retracement on: July 20, 2021, 10:26:55 AM

Disclaimer: The information's contained in this explanation is the result of my understanding of Fibonacci Retracement and may contain some errors. Search and confirm about it.


Table of contents

      1. What is Fibonacci retracement?
      2. How to use Fibonacci retracement
      3. The Difference Between Fibonacci Retracements and Fibonacci Extensions
      4. Limitations



What is Fibonacci retracement?

We talked about in the last article Elliott Waves, and today we will start learning what you can expect when the market begins with a corrective phase, one of the most important tools that we will learn is how to use Fibonacci retracement.

It is about using Fibonacci ratios as percentages to predict areas of interest. These ratios are:
0%
23.6%
38.2%
61.8%
78.6%
100%
It is not fixed percentages, as percentages higher than 100% such as 261.8% or 423.6% can be used.

The important point that we will be looking for is 50%.


How to use Fibonacci retracement

If we take into account that the Fibonacci series are numbers

1, 1, 2, 3, 5, 8, 13, 21, 34, 55, etc.

If you divide a number by the number that follows it, you will get a percentage close to 0.61, and if we take the number that precedes it, we get 0.38, and thus it can be used to chart levels within the range if we put two important price points, and then this range is drawn according to the basic trend.

Hence some type of price movement is expected, either a reversal or a break.


Suppose the price rises from $20 to $35, and you want to draw the retracement indicator.

23.6% level will be (35- (15*0.236)) = $31.46
50% level will be (35- (15*.5)) = $27.5
61.8% level will be (35- (15*.618)) = $25.73


we can use it on charts as 5-wave move on the chart of the S&P 500 (Wave 2 flat. Wave 4 zigzag)





The Difference Between Fibonacci Retracements and Fibonacci Extensions

Fibonacci retracements apply percentages to a pullback
Fibonacci extensions apply percentages to a move in the trending direction


if the price rise from  $5000 to $10,000 then back to 6000. the move from 10,000 to 6000 is retracements and rally to 14,000 is extension.


Limitations
Although it indicates where the price might find support or resistance, there is no certainty of that, so the price may reverse or bounce back. Therefore, it should be used in conjunction with other technical indicators and should not be relied upon entirely.




Sources



Code:
https://www.investopedia.com/terms/f/fibonacciretracement.asp
https://comparic.com/learn-apply-fibonacci-retracements-trading/

3260  Other / Beginners & Help / Re: Crypto Portfolio Diversification on: July 20, 2021, 10:15:18 AM
Just wondering, why only BTC and ETH? Few altcoin such as BNB and ADA are currently popular and have high market cap.
BNB is not an altcoin/ It's a gambling, and if you like gambling, go to Las Vegas.

ADA and others fall into the same category, so it is better not to invest in a lot of the same category.

Smart contract have lots of application, it's not limited on token. Simply saying "Smart contract" on your class is more accurate.
I mean tokens, but I added the word smart contracts to fit the content of the article.


Quote
Buying any altcoin does not mean diversification because they are all in the same category - cryptocurrencies. Why take the risk with a random altcoin which is far more likely to drop to zero than it is to make any real gains, when you can just stick to bitcoin. If bitcoin dies, your altcoin dies too. If your altcoin dies, bitcoin doesn't care.


Not all of them are in the same category, if we ignore the central nature of stablecoins, they do not take the same approach as Bitcoin.
Some coins take a different approach to Bitcoin in times of stability.
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