Meanwhile, looking at cryptocurrencies that are located at a certain rank by considering the amount of volume that has been generated is clearly included in the strategy
What do you mean by that? If you're still talking about strategy of investing in top 10 cryptos, then you won't be considering volume at all. Unless you intend to change the strategy and invest in the top 10 coins by volume, not by market cap. But I don't see any benefit of doing that. I get the risk of investing in low volume coins, but you won't find such in the top 10. |
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I think OP is trying to talk about his dads gratuity money which would be given to him after his final day of service.
You're probably right, it's the only way it makes sense. Otherwise (depending on jurisdiction) he would unlikely be able to cash out his entire pension fund. So if the gratuity is a lump payment payable on top of the regular monthly pension payments, then this changes the situation a lot. As it would likely be an amount OP's dad could afford to lose (not necessarily willing to), his risk appetite could be higher and trying his luck investing in higher-risk and higher-yield assets could not be a bad idea. |
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Probably Kraken is probably the most reputable (but not the best in terms of liquidity) exchange for me. I've been following Jesse Powell for a while now and he's probably a CEO that wouldn't take retarded bets using their customer's money. But as always — not your keys, not your coins.
^This is assuming you're asking for a KYC exchange. If not, Bisq or HodlHodl.
Thanks. Yup, I don't mind KYC, I just remembered that I actually had an account there, but haven't used it in years. Might give it a try if fees are not as high as on Coinbase. Kraken did manage to build some good reputation and trust over the years, so could be a good choice. This decision that Binance made would have been as a result of government regulations challenges in UK that they never come into agreement because not should this be in countries like UK, even some government also are stopping thejr bamks from performing anything te related to bitcoin or crypto transaction, this same could have happened in India but because they resolved the discrepancy as fast as possible before it escalated and resulted in the payment of tax for every transaction made, choose any exchange at your own risk because they will still have more reasons to why the exchange put a hold and am sure other exchanges may be worst than Binance.
I'm not sure what the reason behind it is, so far as the official communication from Binance goes, they will no longer use Skrill's services, so it's possible they'll find some alternative in the near future. Other exchanges are operating successfully, so it doesn't look like there's any government crack down on exchanges in the UK. |
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I don't know how I make decisions as a boy.
My father is a military man. He has served in this military sector for 25 years. His term of service is almost at an end. After two months he was going to retire from the job. He will get retirement pension after his service life in the military sector and he has many plans based on this retirement pension.
His first dream is to build a house with this retirement money. But right now in my country all the materials needed to build a house are very expensive so building a house right now can't be a good decision. And I don't feel safe keeping his pension money in the bank because earlier there was inflation in my country where some banks went bankrupt.
So right now I am not able to give him any proper advice as a boy. But one thing I've been wondering for a few days is if I invest half of my father's retirement allowance in Bitcoin, am I doing something wrong?
I feel like if I invest half the amount in Bitcoin for a year after receiving his retirement allowance, I might be able to hand over more money to my dad at the end of the year.
Hope I get proper advice from you.
So you self-describing yourself as a boy, meaning non-adult male, and somehow he made you responsible for having control over his retirement money? That totally makes sense. I guess if he put all his wealth in the hands of a boy, who seeks financial advice on an anonymous Bitcoin forum, he deserves whatever is coming. But if that story was true, assuming military retiree is still of relatively young age, he could afford to go more adventurous and risky with his investment, but putting half of it in Bitcoin is still way too high. |
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Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
Literally none of that is true, maybe except the counterfeit part. What do you mean by controlling your own coins? If you control your private keys, then it somewhat protects you from getting defrauded or from having it seized, but you don't have any control over Bitcoin (or other crypto) network. We witness government interference all the time, crypto can get banned or get regulated just like anything else. It can also get stolen from you, which happens to even very tech-savvy people (see Luke Jr, Bitcoin core developer, who got almost all his bitcoins stolen from him). Can you name one business that expanded globally by actually using crypto (excluding exchanges and alike)? |
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There is no easy guarantee of getting a job abroad except for housework or factory labor, for other jobs you must have the expertise and work as the main capital to get other jobs in other people's countries. If we wander without relatives, we have no place to gamble and alone will drive you crazy. so it is better to get jobs in our country and we have chance to improve skills for new job opportunities.
I think developed countries still have problems with the shortage of workers, so I don't expect any legal immigrant would have a problem with finding employment. But yes, it would likely be a type of job that is not desirable to locals. But then again, if you're ambitious, you don't have to stop there, you could keep improving your skills/qualifications and move up the ladder. But you're right, for most it's better to stay in their own countries (unless they're completely unliveable), live among family and friends and grow their careers there, which in turn helps their homelands to develop and hopefully, one day, catch up with with the West. |
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AI can automate certain tasks and streamline processes, which may lead to changes in the workforce. However, history shows that technological advancements have often created new opportunities and job roles that were previously unimaginable. The implementation of AI technology in the workplace could lead to a shift in job requirements and the need for reskilling or upskilling. Instead of completely replacing humans, AI systems, such as ChatGPT, could serve as valuable tools to enhance productivity and decision-making.
That's flawed logic. The fact that something didn't happen in the past is in no way a guarantee that it will not happen in the future. Unprecedented things, bigger or smaller, are occurring all the time, that's nothing unusual. Sure, it's possible that AI could actually create more jobs for humans, but automation is inevitable. It's easy to grasp if you dehumanise people and think of us as biological robots, that have limited abilities, consume quite high amounts of energy and are not really optimised for any task, making us easy to replace. I don't recall any serious commentator/analytic/expert still believing that we are somehow, magically impossible to be replaced. |
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What am I even reading here? Looks like we no longer need Elon to hype up the coins, now we have "experts" trying to do just that by "predicting" which coins will capture his interest. This is getting ridiculous and needs to stop. |
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As I know https://cex.io is UK based exchange. At least that's what it said to me on the bank statement when I made a withdrawal from there. Damn, I completely forgot about them and am a bit surprised they're still around. They use to be big when they were selling mining contracts and their pool (ghash.io) at one point even crossed 50% of the global hashing power. But they seemed to be slowly dying after mining contracts become unprofitable. It's hard to figure out what would "based in UK" even mean nowadays, they seem to be run by multiple entities and the only regulated one would be a Gibraltar-registered company. |
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so my curiosity kicked in and i checked the site right now. surprisingly, they still have about 393BTC as their average bankroll. not bad for an old casino where patrons are slowly going away. it means, they still have loyal players who are still sticking to this casino.
they may have no withdrawal problem if players are still playing. because if they have, people will talk. so i guess, they are greatly handling their loyal players.
That BTC393 represents "average bankroll" meaning it's likely multiplied by the average investors' margin. The actual balance of bitcoins they hold is much smaller and stands around BTC60. The cold wallets' total balance is BTC56.76 and according to BitVest, the hot wallet typically has 1-2% of the reserves. Details can be found here: https://bitvest.io/liabilitiesOn that page there's a link to verification tool ( https://syskall.com/proof-of-liabilities/#verify) showing a balance of 4045 BTC but no idea what's that about. |
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this is the general psychology of investors. A series of scandals came to the market and made them afraid and pressure to take profits caused the market to crash. That will pass quickly if we continue to hold our coins obliviously
No idea why have you decided to bump this 6 months old thread, but the topic discusses people choosing to withdraw from exchanges into non-custodial wallets. This is not the behaviour of someone looking to panic sell, but quite the opposite. I wonder if the trend continued since this topic was created. I have no access to that chart on glassnode (not available to standard users) but if anyone could post an update, it would be great. I sense the outflow from exchanges was likely to continue, i.e. considering some regulatory limitations imposed on exchanges, e.g. binance closing their "earn" options in some of the countries, making it pointless for many to keep their funds there. |
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The last past weeks have been really challenging and tough for bitcoiners as a result of the high transaction fees caused by ordinals on the network. Despite this setback, Bitcoin is still conquering, setting the pace and hitting milestone achievement. According to glassnode, the number of address holding atleast 1 BTC are now 1 million. According to the report, last year when the market took a deep dive, a good number of persons were wise enough to grab some bags. Although, some addresses belong to crypto exchanges and some persons might have more than one wallet address but this milestone achievement is worth celebrating. Source: https://cryptoslate.com/insights/a-new-milestone-1m-addresses-hold-1-bitcoin/It's a bit surprising, according to the chart in the linked article, there's a long-term trend of the number of wallets with one or more bitcoin increasing over time. This goes against the theory that bitcoins (or wealth in general) have a tendency of getting concentrated in the hands of the few richest holders. Unless a number of wallets is not a good indication of a number of users, and maybe it's just a sign of whales splitting their holdings into smaller wallets, for safety or convenience. |
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2. Invest what you are able to lose;
I have a question!
Who has ever lost in bitcoin?
Are you serious? Anyone who bought in at above the current price is at a loss. "You don't lose if you don't sell" is nonsense and nothing but a coping mechanism. But with bitcoin having proven that it can resuscitate after crash, the advice should be rephrased as Invest what you will not be needing in the next few years. It will not be advisable to use the money meant for your childrens school fees for bitcoin. Just have an investment budget from your income that will not negative alter your living state.
What you're proposing is not much different from "don't invest more than you can afford to lose", the only difference is that you seem to guarantee that BTC will keep breaking the new ATH every "few" years. Nobody can predict what will happen in the next few years, and there are good arguments out there for the next cycle to not reach the previous ATH. I'm sure you wouldn't be giving such guarantees outside of an anonymous forum if you could face legal consequences for giving bad investment advice. |
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binnace still support GBP trading. They only don't support GBP deposits. So if you already did KYC on binance and binance is the best crypto exchange, i would rather try to stay with it. I recommend trying to convert GBP to USD using any online cantor or inside the banking account, if the bank has such an option, and sending $$ to binance. You can also try to use bitcoin ATM - https://coinatmradar.com/ i see there are some available in UK. They don't actually. At least not if you're in the UK. i.e. the btc/gbp pair is still listed but if you try to execute a trade you'll get this error:  I think the only options are trading GBP for BUSD/USDT (I haven't tried doing that though) and you still should be able to withdraw GBP. But again, this could be different for non-UK residents. What's more, UK residents are also no longer able to use any "Earn" offers (earn interest on crypto holdings). |
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I do not think ChatGPT will increase unemployment. The bot is used to get job more easier and faster. It is just like the Google assistant, Siri, Bixby or Alexa which are also AI, although ChatGPT is more. I do not see a way it can lead to unemployment than to lead to more employment becusee this AI companies too are employing workers.
Are you people for real? If it makes a job easier and increases productivity, then obviously fewer people are needed to produce the same output - meaning they could be made redundant. On top of that, if AI is sufficiently good at something, then no humans could actually be needed at all. i.e. if I can use AI to produce the exact graphic or content that I need, with just few prompts, I will no longer be using any graphic designers or copywriters. Even if they were to reduce their payment expectations massively, they'd still won' be able to compete as AI is essentially free and can produce much faster. So the real question is, if a new type of jobs will emerge, that can be done by humans but not AI. That was historically true with any automation, but I think most experts agree that it's just a matter of time before most of human work will become obsolete. That's pretty obvious to understand if we look at people as biological robots, that are not optimised for any kind of work, i.e. we use much more energy that is needed for the tasks that we're doing. And it's funny (and a bit disturbing) that AI seems to be replacing "creative" jobs, so jobs that some believed will be automated as last, or that will never be automated at all. |
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The question is as in the topic.
After Binance stopped their partnership with Skrill and suspended GBP deposits via Bank Transfer (Faster Payments) and card as well as spot trading - what's the best alternative for the UK customers?
I mean an established, legit exchange with a good track record and no excessive fees. Any recommendations are welcome.
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No i moje pytanie do Was, do góry czy na dół?
A czemu nie w bok? Równie prawdopodobna opcja co pozostałe dwie. Historycznie czerwiec był raczej spadkowy, ale to raczej mało istotne. Wolumen trochę się podniósł w przeciągu ostatnich dni, ale to dalej nie to co kiedyś. Obstawiam kolejne tygodnie "krabowania" i nie spodziewan sie wielkich ruchów w którąkolwiek stronę. Oczywiście zakładając brak jakichś rewolucyjnych doniesień itp. zapraszam do głosowania  Głosowanie nie działa. Da się odblokować/edytować? |
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Changing of terms and conditions without notifying the users or gamblers is normal with online gambling websites? Then when you did something wrong or about to withdraw your money they will tell you that you don't read their terms and conditions, and you start arguing with them until you decide to read the ToS again and you find out that it's different.
Some gambling websites consist of wicked owners that willingly plan to defraud their users using the ToS against them, or is this normal? Have such happened to anyone on this forum before?
Terms of Service do not supersede the law. Most civilised countries would require any operators to inform their users of any changes to the terms of service. If they fail to do that. any dispute resulting from such changes would be ruled in favour of the customer. The problem is, many gambling websites operate illegally or half-legally, i.e. being registered in some exotic jurisdictions and not adhering to regulations of the countries in which they provide their services. In such cases, there's not much you can do, other than maybe contacting your bank and trying to reverse any fiat deposit you've made. |
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