Miracle Tele is a new mobile operator that will operate in 163 countries around the world. Now an ICO is underway, but Tele tokens already bring passive income in the amount of two to three euros for each hundred tokens to its holders;
Now it makes sense. Thanks for making it clear, so it seems they will share a portion of their income as mobile operator with token holders. It could be potentially lucrative for the holders, and it's worth taking a look at the structure and distribution of their token. Is it a novel idea? I haven't heard of any mobile company using crypto in this way. |
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Now the cryptocurrency market is built in such a way that we keep our cryptocurrency until we feel that it has reached a price peak, and then we rush to sell it immediately in order to make a profit,
Speculation is not necessarily a bad thing. Wherever you find something of value, there is speculation: fiat money, gold, commodities, etc. Greed is a part of our human nature. I agree, it would be nice if we could eliminate it and use the coins or tokens just for the purpose they have been created for. But the reality proves us otherwise. We now see how very popular are ICO projects, such as Miracle Tele and others, which provide for such an opportunity. What do you think about this?
I've never heard of Miracle Tele before. On the website, they say they will share their monthly revenue with their token holders. Any idea where this revenue is coming from in the first place? |
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The article in question is a good example of spreading misinformation. And therefore I think that is a real credible threat. Bitcoin is a public ledger; therefore, so you can go out and see the public keys which are holding the massive balances and you could go out and target the several hundreds or thousands of Bitcoin and say I’m going to spend my effort on the computing resource in order to reverse engineer the private key from the public key, which is exposed. I think that is even a near-term threat. First of all, it is not true that the Bitcoin's public ledger contains public keys. It contains bitcoin addresses which are 160 bit hashes of public keys: A Bitcoin address is a 160-bit hash of the public portion of a public/private ECDSA keypair. source: https://en.bitcoin.it/wiki/Technical_background_of_version_1_Bitcoin_addressesUntil the bitcoins associated with these addresses are spent (by providing the corresponding signatures), you can't even know the public key, let alone the private one. And even if you knew the public key, you would need immense computer power and who knows how many tens of thousands of years of using that computing power to deduce the private key. |
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It is all a matter of perspective. It depends how you approach the crypto trading.
If you treat your trading as business, then your losses are nothing else but business expenses, but
if you treat your trading as gambling, then your losses can really be devastating.
I like to take the first approach. But then, in order for your trading to be a business, you have to develop a trading system. Your trading has to have a well defined structure. By structure, I mean you have to have a well defined entry and exit, there has to be a confluence of different objective factors that tell you when to enter and when to exit. You have to mitigate risks by using stop losses. You have to have an impeccable money and risk management. If it is a business, you can't risk too much of your money at any particular trade, you have to play the long game (not the get rich quick game), and so on.
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Yes they should probably fix the mess and everything will be fine again. But, this incident only shows what happens when you put your trust in a centralized entity. The next time something similar happens, things may not be fixable so easily.
The purpose of Bitcoin as a decentralized currency is to protect precisely against such things happening. Unlike bitcoin, BNB is not decentralized and all people that own BNB coins are entirely at the mercy of the entity/company that has issued them.
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OK, it looks exciting, I'm in, I'll try to follow your Bitmex journey. I'm also trading on Bitmex, pretty much due to the same reasons as yours. You say you won't be using any indicators. I myself am using indicators only, but I'll gladly follow your trades and try to find some logic in them.
Now, you say you won't be using stop losses, which considering your maximum leverage (15x) could be very risky if you ask me. You would have to rely on the bullish sentiment not being overrun by the bears for this to work, isn't it?
Anyhow, I wish you a lot of good luck, in addition to your trading skills.
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I don't know about Justine's tweet, but according to the article it looks like a genuine hack to me. Luckily, only the hot wallet was impacted. Still, they say some 2% of total holdings were stolen. This goes to show that no exchange is safe enough, no matter how big and influential. The worrying thing is that some two-factor authentication codes and API keys were also stolen. As always, people should keep your bitcoins in wallets they control, not on any exchange. They should put there just the amount you want to trade.
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Does he mean against BTC?
Yes, he means against BTC. Elixxir is backed up by David Chaum, a cryptographer and a PhD in computer sciences. However, I don't know how much the Elixxir project can be a real competition against BTC, despite the promising features, such as quantum cryptography, transaction speed, or enhanced privacy. Many projects nowadays promise the same, but they can by no means be a real competition to Bitcoin. IMO the strength of Bitcoin is primarily in its very competent dev team and of course in its powerful network. So there is no real competition in sight. |
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The main point from my perspective (besides the already mentioned poor interface) is the following. There is already so many free trading tutorials and courses, especially given the fact that crypto-currency trading is pretty similar to forex trading. Just visit youtube or other specialized sites, and you can find tons of materials for free.
So, the question is why would someone buy the cryptodynamics courses? They are not overly expensive, but what is their unique value in comparison to the other websites that offer freebies? Maybe if they included 1:1 tutoring, or at least, skype consultations, or something unique, it would be worth considering.
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What you guys think? What would you improve? What projects do come to mind if low market-cap projects with active development and lots of potential is the goal  ? Everybody is looking for low market cap coins with 10x or more potential, but, I'm afraid other people's opinions can't help you, really. I used to buy crypto based on opinions of so called experts. Sometimes they were right, more often not so. I might have had better chances to guess it right by flipping a coin. Or even better, not being lazy and doing my own research. That being said, here are some of my thoughts about some of them: Kucoin shares - not really crypto, similar to shares in any other company. The question is how much do you trust Kucoin? Zilliqa - competitor of Ethereum, with some novel technological achievements, for example, sharding ZCash - privacy coin with optional privacy??, I personally don't like the power the dev team has given to itself. |
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I have a problem to understand how it works. Maybe you can clarify here, i would appreciate it very much. Say I buy a ".zil" domain. I get to choose a cool name for my zil domain, and then I log in into your dashboard and associate my Bitcoin or Ethereum public key/addresses with my domain name. Right? So when someone sends some funds from a supported wallet, I get the funds on my associated addresses. In essence, the end effect is people are bypassing remembering unreadable strings of numbers and letters. Is it so or am I missing something?
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Ichimoku looking great as well, and showing a possible target to $7400-ish
Yes, you are right. I haven't looked at Ichimoku for quite some time, as I don't use it in my trading system any more. But all parameters of the daily Ichimoku appear to be very bullish: a bullish TK cross already happened, the price above the cloud, the future cloud in the green, and the lagging span above the price. All classical Ichimoku parameters speak clearly in favor of a bullish run. Had I been using it, I would've been long 2 weeks ago or so (depending on the actual exchange). Presently, the only question is: "How long will it last?" I have seen such promising runs end abruptly in a couple of days, but I hope this run will last until at least your indicated target. BTW, I didn't know Ichimoku could also give you the target price. Can it really predict the target price or how does it work? |
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How can I place 4 orders in Bitmex with x2 leverage each that compount when the price increase by 25%  ? As far as I can tell, with Bitmex, you can place one order (limit order) at a time. The next limit order you place will be merged with the current one. Now, say you know for sure BTC will go up in a month, or so. You place your "limit-buy/long" order and wait. The leverage you choose will give you breathing space, in case the price temporarily goes down. The higher the leverage, the less breathing room you have. A leverage of 2x will give you a lot of margin (breathing space). Bitmex indicates the liquidation price, which changes with your chosen leverage. You can check this. The downside of only 2x leverage is that you won't earn as much as you could with a higher leverage (given your insider info, you may want to go higher with the leverage). |
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You are right in the fibo and trend line manipulation. I see them as lagging indicators because you can as well adjust them to what you want depending on your speculation of the market price and direction.
All indicators are lagging and that is not the main problem here, at least not for me. I don't use them anyways. What's bothering me more is the provisional manner in which they are used. As you say, they are often adjusted and even drawn after the price has moved to prove a point. Again, unlike forex trade, crypto is hard to be relied on TA for most of the time, even no time frame for news like forex trading where you are giving time schedule for most of the daily news.
Cryptocurrency is indeed difficult to predict its price.
This is a great point and often totally neglected when promoting crypto technical analysis of any kind. Forex is definitely much more regulated and you have a calendar of news events. So, if you like you can choose not to trade until the news event is over. In crypto trading, sudden news and irrational expectations can totally destroy your TA. I guess with maturity, the cryptocurrency market will change and it will resemble the Forex market to a greater extent. This would enable TA to become a more powerful tool for predicting price movements than it currently is. |
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Somebody tell me he did not believe that lending can work with cryptocurrency.
Just visit the lending section of this forum, and you will be able to see how lending can work with crypto too. You just have to have a good escrow and to offer some collateral. Smart contracts are often overrated. Using smart contract may sound like something sophisticated, while in reality they are not overly advanced (yet). Smart contracts are very similar to using escrow. The difference is the escrow is replaced by a piece of computer code that is executed automatically when certain conditions are met. |
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Bitcoin is different. You don't need a central entity in order to transact with it efficiently (as opposed to the bulky nature of precious metals), and intrinsically, there can be no fractional reserve.
I agree that Bitcoin, as it was conceived originally, leaves no room for fractional reserves. But it is always in our human nature to look for loopholes and exploits. For example: For All we know there could be fractional reserve Bitcoin happening already even before Wall Street comes in and in fact actually I would point to one specific example, which is the OKEX futures loss. Source: https://medium.com/@whatbitcoindid/the-threat-of-fractional-reserve-bitcoin-from-wall-street-with-saifedean-ammous-caitlin-long-2d61e63ac868It seems that exchanges currently, and EFTs in the future, may serve as hidden sources of fractional reserves built using Bitcoin. I have no idea how big the danger is, but there is definitely a danger of fractional reserves even in Bitcoin we should be aware of. The same dilemma is already present with the various gold ETFs. There is much discussion of whether or not the "ETF gold" is really backed up by existing physical gold. |
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In reality, 'fiat money' is not worthy enough to tie the shoes of the gold standard, from the elites' point of view. That's why, most likely, it won't last, and we're going back to something like the gold standard, except with multiple 'hard monies,' including Bitcoin.
When we talk about fiat money in general, this is already the case: it doesn't last. The average life expectancy for a fiat currency is 27 years, with the shortest life span being one month. Founded in 1694, the British pound Sterling is the oldest fiat currency in existence. At a ripe old age of 317 years it must be considered a highly successful fiat currency. However, success is relative. The British pound was defined as 12 ounces of silver, so it’s worth less than 1/200 or 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value. (accentuated by me) Source: https://www.dinardirham.com/the-rise-and-fall-of-fiat-currencies/ So, yes, it should be obvious: the sooner we go back to the gold standard, or even better, the sooner we adopt bitcoin on a large scale, the better it will be for everyone. |
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Very interesting. Now open the same chart but not with 1h candles but with 1w candles and you will see that all you are saying is small rise with decreasing volume and decreasing long of candles
This is exactly why I don't believe in trending lines and Fibonacci extension levels any more. Just change the time frame and the analysis is totally different: different trend lines, different Fibonacci lines and, as a result, different conclusions. And the real question is: "To what extent can we apply technical analysis in a market so prone to sudden moves and fomo like the crypto market is? I don't we can use TA most of the time. |
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