This is a good idea we know already when Elon musk makes a move with their favorite coins people keep buying and the market pumps immediately but still there's a possible condition we know how does the market makes manipulations, better if the bot or the programmer itself makes a good statement that must need to verify the percentage of the pump, I don't know if its possible they can make a TA in the code to identify for the TP/SL if the pattern satisfied the condition.
In case with Elon and DOGE the percentage of the pump is always high in the momentum. So if we need to have an automated bot then we can just lower TP for like 1-3%. This should work for sure and at the same time with a reasonable leverage it should give a good profit. But I'm not sure about pump verification as it takes seconds after the tweet to get the price pumped which can only be caught with the automated bot. Does anyone know if there is any no-code platform that may help to create a bot like this? I'm curious to try this strategy. I don't have any tech skills but the settings doesn't seem complicated. I would guess if you make it based on the movement and not the tweet then you are going to end up with a horrible result. It could go up a bit even daily and that would mean that you are going to buy something without Elon ever tweeting about. I believe that if you want to do something like that, a 10% increase at least should be the way to go, and then manage it to sell if it goes 100% as well. That would be a bit better, still not really smart and there should be a bot that reads Elon's tweets and check for any word of doge happens to be in it or not, he could say something bad too which would mean that you are going to buy when he said something bad, but at the very least it would be better than just volatility. |
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It is for professional and experienced traders who know exactly what they are looking for. They don't let emotion affects their decisions like newbie traders and they focus on some indicators, information they see fit. Unlike newbie traders, who read many useless information, over attach many indicators on their charts that all together affect their thinking about the market and movement of a coin. With newbie traders, more screens, more emotion, more bad decisions.
I don't fancy TV screen of traders, most of them are doing show off with the blue and purple colours just to impress people that they are really making money mean while, they don't have anything to show in their portfolio at the very end of the day. Trading is not by big screen or curve monitor for impression, it is the amount of money you make at the end of the day that matters a lot. Imagine showing curvy big screen and then you have lots of losses on your trading history. It's good to upgrade your trading desk but I think finding a way to win traded and master them should be utmost priority, if you learnt that quickly and master your own technics and skills, then designed and upgrade can follow because by then, money will be there to enjoy and the live the passionated life you always wanted. That is true, there is really no need for that at all and most of it is just for show off nothing more. Any trader would know that there is no need for anything like that, any random screen would do. Hell people do it with their iphones, why would they need a big screen. But even for chart reading, any decent monitor would do, I mean decent because of course you shouldn't use those old style ones, but anything even with a laptop would be fine, you could do it fine. There are small laptops that you can use, and can carry in your hands, they are not big, and they would be enough. Would it hurt to have multiple giant screens? Of course not, I am not saying they are bad, I am just saying that they are not needed. |
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Looking back, yeah we did reach $27k again, unfortunately, it was just short live again as there are speculators who might have sold around the figures to make profits. As for the Blackrock ETF, most likely it will be next year that we will either see a big news or not.
Hopefully, we can get the approvals already so that it can also help a lot in the big bull run that everyone is expecting next year. To the point that the prediction is a conservative 6 digits in the beginning of the run.
I would guess that we are trying if it is the time or not yet, and that is why we get higher and then go lower. I understand that there is this type of feeling where everyone wants to already see it go up, but for that to happen we need to all buy, and we do not all buy at the same period, I do not mean like same hour, but not even same week. So some people get hyped and buy, make it go up, and then we end up seeing it change a bit as well, I feel like if others do not join them, it is not going to happen as something that is better. We just have to understand that bull run happens when there are millions of people willing to buy daily, when it happens once with a small increase and doesn't happen again later on, that doesn't really change. |
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Maybe some outcome has been predicted but not always since no guarantee at all that the insights we get is accurate so there are times that we are lucky and our predictions got hit but still we must be aware that turn of events came and unexpected scenarios will happen. Although market is unpredictable we should do more research about so that atleast we can understand how the market moves in different direction so that we might get a high chance to gain especially when same scenario upon trading comes.
That is the biggest peeve I have in the crypto market. There are people who end up with a few good results and they end up thinking that they will get all correct trades all year long, which we all know that won't happen. They keep claiming they are amazing at trades because they had a few good results, and that should not be the case at all. I feel like the best way to go would be making sure that it is going to end up with a result that will end up with a loss one way or another. I hope that it can get to a better point, but that doesn't mean that we are going to end up with a result that is good all the time because we just had a few. We should consider that as a low level chance and not a big possibility. |
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Some of us and indeed in general, profit is always the main goal of what we are aiming for, which means it is true that selling in the low area is a mistake.
Selling bitcoin according to your analysis plan is the best decision, and I think all investors will also definitely take the same action because again profit is always our main goal here. Now therefore it is very important to pay attention before you jump in there you have to prepare money that will not be used by other needs, or in essence you have full responsibility for whatever happens to your money later, with that I am sure you will not feel too pressured by all the price fluctuations that occur there, and with that it will be calmer to do a long-term hold, but yes even so if there is an urgent need as you said then even though they get a low price it is very likely that you will still sell it, there is no other solution than that and it is natural that they do it.
That is definitely the way to go, it allows you to make as much profit as you possibly could from it. I understand that it is not going to be easy or anything like that, but it is definitely possible to make it happen. I personally hope for the best in order to make as much profit as possible but that doesn't mean that it will be possible for a long term to not face any difficulties neither. When you face a difficulty like that, the best thing to do would be ignoring them and focusing on your strategy, do not change up just because you see some changes, or if you have something ready for them use that, but do not suddenly get scared and sell just because it went down. That's a wrong move without a doubt. |
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The US Dollar (USD) and Bitcoin (BTC) are two separate but interconnected forces that have been reshaping the financial and economic landscape. These two organizations stand for opposing ideals—one rooted in conventional financial institutions, the other a forerunner of the digital age. The conflict between the dollar and Bitcoin has prompted discussions about the future of money, investing, and the role of technology in forming financial institutions as the global economy continues to change. My question is this, why does the value of BTC decrease when the value of the dollar rises?
I think that it happens due to the fact that at the moment both currency systems are global, so they are rival, BTC is quite hard to use for direct purchases (especially for small everyday purchases) while dollar is highly centralised, strictly controlled by "the few richest" and is vulnerable to inflation. So this rivalry is visible if you take a look at BTC and USD price fluctuations. Also, in case of dollar inflation there is a chance to save money via cryptocurrencies (however, only a chance, not guarantee)... I would say that they both have their places and they could co-exist together. I understand that some people may not like that, but I feel like it can be done and we are going to end up being a lot better on the long term. Think about it this way, if we could end up with something that will make a lot of profit, why wouldn't we do that? We would be able to use them both at the places they are good at and we should be able to make a profit based on that. This will allow the situation to grow a lot bigger and could be important on the long run as well. I know that life is not that simple, and we could end up with a situation that is a bit more specialized based on what you are going to do, and then use that one. |
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I've use BTC to pay for VPS services and also VPN few times before and if you are looking for more you should get bit refill app on your phone, you can buy many things through this app, from gift cards to airtimes and even pay your bills like electricity bills and other.
I've also use this app to get eSIM, they Algeria, Australia and also Global too, they have access to cool hotel offers, like bonus offers, I don't think anything matches the level of this app, they accept BTC, USDT, and some other altcoins too.
Most VPN services now have crypto payment options and I believe in time many other services will start accepting Bitcoin and others too, it's a slow but steady journey, we will get there some day.
That is actually making some sense, if you want to use VPN that means you want to hide where you go from your ISP and that means if you like to pay with crypto that would be another way of hiding it as well instead of giving your full credit card information which has your name on it. This type of stuff makes sense, this is why I always suggest that crypto is great for online payments, because you can hide who you are, and I do not mean online like you buy something for your house, that will be shipped and need your name, I mean digital stuff, even including ebooks. That way you get something digitally, a product or a service, and do not have to share your personal information at all while buying it. |
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But when I trade p2p on Binance we only make money transfers without any content, so how does the bank know I am trading crypto?
Banks won't inquire into or investigate the source of fiat currency entering your account, as long as the funds align logically with your occupation. Even if it's your side business, transactions on Binance should be secure because Binance doesn't casually disclose user information. Moreover, peer-to-peer (p2p) transactions on the BTC blockchain network are even more challenging to trace, as blockchain networks have a ledger distinct from banks. As long as the amount you're transacting on Binance remains within reasonable limits and doesn't raise red flags for Binance or the government, you should be safe from bank scrutiny. That's the essence of Bitcoin's freedom, where there is no interference from any third party when p2p transactions occur. That's true, I have been involved with bitcoin for nearly 10 years now and there has been a lot of money coming in and out of exchanges all through this time and banks never asked me a single thing about it. Sometimes it was huge amount of money, sometimes it was tiny, and the tiny ones not getting any red flag is understandable but even the huge ones didn't get any attention. It's all about the fact that you are getting something that would be reasonable and not something illogical. If you have been making one thousand dollars per month for 10 years, and suddenly one day there is 1 million dollars transaction into your account, of course that would raise some red flags and you will not be able to explain what it is. |
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Do you mean the bank as a whole? In my view, so far we are still not completely convinced that unless the country opens up its policies globally regarding the status of Bitcoin, then banks will be able to do the same. However, if you operate where Bitcoin is not used as a legal medium of exchange, the bank will face a very risky challenge. Transaction involvement in banks is about controlling financial entry and exit, so to see banks implementing the Bitcoin payment system means we need to look at central government policies first and not immediately establish policies outside the bank's authority. Yes true, we are still a while to go before anything like that to happen. I do agree that it is going to be a tough one but we are going to get there eventually which will be fine, I do believe that we need to reach to a point where life will be easier to handle and should be considering it a bit better. I agree that it is not simple to get the banks to be a lot more public and open about bitcoin, they are not all entirely sure about the process and if it will be profitable for them and what are the negatives and what are the positives, so we just have to give them some time to make their calculations. If the result gets to a level where they should do it for their own good, they will do it anyway. |
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I know employers always say that there are other people willing to take up the job of their employees as soon as they are fired for incompetence or not meeting up some productivity metrics. There is already unemployment and if he or any other CEO think that their staff are not being productive enough, they can easily find another person willing to do the same work since they pay what the work is worth. Consequently, if their staff is not being productive and the CEOs aren't able to find any person to replace those workers, then it means that they simply aren't paying what his work is worth, and people will choose other better options.
And that is precisely the problem, we are seeing that many companies are trying to force people back to the office as in that way they can keep a very tight control of their employees, and people do not want that, however even when threatened they will be fired people are simply deciding to quit instead of going back to the office, this tells us the conditions are so bad at the office people are deciding to become unemployed or to start their own business, and when the biggest threat companies have has no effect on their employees, then they should realize they no longer hold the power they had before the pandemic. Maybe some employees who truly care for their job, or afraid that they can't get a job immediately will obey those tight rules but there are some won't. It was still a wrong practice for the employers and they can get reported for this. I am only worried for those who will lose their jobs after. Deciding to become unemployed sounds like an awful decision even though you still have the resources to survived because they can still run out someday. Will wait for that moment to happen? The pandemic on the other hand have changed a lot of lives. Some companies got weaker, some didn't survive, while some found an opportunity during this period. |
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I am from a 3rd world country so I know how it goes very well. Corruption everywhere. The thing you have mentioned about projects getting started and getting finished. That's because people involved in these projects are always forced by their co-workers or higher-level persons to make a budget where they can make an extra profit. One of my friends is in civil engineering. He told me that if the whole project needs 200 million, they will make a budget of 800 million. And the corruption is so much in there that the original budget which is 200 million will never get used fully. they will cut the percentage from that too. Making it a 100 million budget project with low-quality materials.
Where corruption happens this much, how can we imagine the government listening to some opinion from an economist? And if you go against it, you will be tagged in such a way that you will never be able to continue to work and other sectors or companies will never accept you for that tag.
To be fair that has been the case for politics for over 2000+ years. Even during the "democratic" period of Rome, even though it wasn't as "democratic" as it is today, we still saw a ton of corruption and that was an issue. Corruption and politics go hand in hand and there seems to be no end to it at all. We need to realize that it is not going to be too simple to get rid of it neither, there is absolutely no incentives about it neither. There are corrupted people who are beloved by their public as well, just because they are not the other side. Which is why we are not going to see economics will get any decent anytime soon, we are going to end up with a result that would be ending up with a lot of trouble that could make it worth a lot more. |
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Today, I've examined Max Coin, and I've noticed that its trading volume is quite low. Additionally, there's a limited number of individuals including this coin in their watchlist. This suggests to me that there might be a lack of a robust community supporting it. However, if it turns out to be true that Vitalik and Charlie Lee are serving as advisors for this project, it could be considered a positive development for Max Coin. Considering the current state of the coin, it doesn't appear to be a particularly strong candidate for investment. Nevertheless, if the news about the advisors proves accurate, it might be worth taking a calculated risk. Back in 2019, I also held various exchange coins, but unfortunately, none of them yielded favorable results.
The problem with those kind of things is the fact that if you really convinced people like that to be advisors, then how come you didn't get any promotions from them? I mean if Vitalik tweeted a few times about it, it would have a lot more bigger community, same with Charlie Lee as well. Either they are lying about having them on board, or they are just not utilizing them correctly at all. No project with them on the board should be as little as this and that doesn't make any sense at all. I believe that we are going to end up with an issue and should be doing something much better on the long term, the results will be profitable if they do utilize them, but if not then why would you take a chance on them finally figuring it out. |
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Perhaps I've always been a lone ranger, which sometimes makes me feel lonely. I'd like to connect with cryptocurrency investors from around the world and share our insights and experiences.
I would say that buying stuff like bitcoin and ethereum would be the smart way to go, and you would be able to find communities for traders on telegram to chat about it as well. Just go to telegram, write on the search bar "crypto trading group" or something and I am sure you will find a bunch of it. I get that it is not an organic way of finding people, you will be forcing it, but at the very least you will not be alone. Buying the biggest name coins opens the door for a lot, and it is great way to make a profit as well, bitcoin for example is still ranked first even after so many other stuff that has better blockchains came up, why? Because it is by far the best decentralized coin out there no matter what others do. |
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There are many cryptocurrencies in the crypto market that exhibit high potential and have substantial trading volume. The choice of which one to invest in largely depends on the amount of capital you have at your disposal. Major investors tend to gravitate towards more expensive coins, while smaller investors typically seek out more affordable options.
During previous bullish market trends, I observed that altcoins, excluding Bitcoin and Ethereum, often experienced shifts in performance. In the previous bull run, meme coins and metaverse coins performed well. However, it appears that the trend is evolving once again. I believe that this time, AI-related cryptocurrencies will likely outperform other altcoins. It's important to note that this is solely my personal opinion.
As of now, I have invested in XRP, Matic, Polkadot, Ada, Quant, and Solana. Additionally, I am currently researching AI-related coins that I intend to add to my portfolio.
That is not really a bad list to be fair, kudos on finding high quality stuff that actually promises something to people. I am not in position to say that they are the best and they will make you rich, I wouldn't know what makes people rich, if I did then I would have been very wealthy myself right now, so if I liked it, maybe that's not a good list lol. But, seriously all jokes aside I feel like that's a good thing and you should be very happy about it as well. It needs to be something that needs to be considered a bit more carefully and it doesn't really need to be something that will make it change. I hope that people could see it go better and that caused a lot of trouble over course of some time and could lead to losses if people pick wrong stuff just due to hype. |
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Does this mean that if you see any YouTuber or crypto “celebrity” pumping a product or trying to make a buck out of content, that you should run away from them? ‘Cos why take so much trouble if you are already making money with your trading? Of course not everyone is a trader, but…
That will depend on you already. If you want to support that influencer, and you have spare money as well then you can try the product that your favorite influencer is promoting. As for me, I did watch some crypto-influencers, but I never invested, or bought any product that they're promoting. That is still not really a smart move. I mean just because you want to trust that influencer and just because you have the money for it, doesn't mean that you should be free to make a mistake. I mean you ARE free to make a mistake but that doesn't change that it's a mistake. We should be careful about it and not really make these kind of mistakes, we should be careful about it. I personally believe that the best thing to do would be making sure that it is going to end up with a solution that would be a lot worse and should be a lot better on the long run. I think we could end up with a result that would change things for the long term and for that to be important we need to end up with a deal that would help people and this will not help them. |
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When I started in this industry, the only thing I knew was meme coins that are known even though the price value in the market is very cheap, its community is very large, and it is the Dogecoin. Then, after Elon Musk mentioned it on Twitter, it suddenly changed, the wind blew on the dogecoin, and the value suddenly increased where the previous ATH was around 0.7$ something.
Dogecoin was followed by Shiba Inu, which was also mentioned by Elon Musk on Twitter. And the latest this year is the Pepe coin, which has shown something different from other coins and has been ahead for a long time in the crypto space as well. These three I mentioned are the top meme coins that are in almost every exchange you can see now, whether it is CEX or DEX.
So, it means that out of 100%, we can say that only 5 percent can give us a good income in this business field, as long as DYOR is still needed.
It was obvious that he was just having fun, and people took it too seriously and invested all their life savings to it as well. For years after that and even today it sometimes happens, if you check the reply section of Elon's tweets you will see people begging him to talk about doge again so that it would go up. Most people worked for maybe a few decades and made some money and invested it into something as silly as dogecoin, which still doesn't make sense to me at all. I believe that was a big mistake by them, and I have never done something like that and would never even consider doing something like that, but it's obvious that they made a mistake and they are doing a big mistake along with it as well. |
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As you have noted, no one will prevent you from depositing because of inability to complete kyc. They will allow you deposit, but withdrawal will be the problem.
Some exchanges are even dubious such that they will increase the difficulty of the KYC when they notice you have already deposited. This is an attempt to confiscate your fund. So, it is advisable to complete KYC before using an exchange.
If they do not ask for KYC when depositing, then they are scammers. All services that request KYC do not deal with the user financially without knowing or confirming his data, and cannot deposit without that. what happens is exchanges do not ask for KYC because there is not a global regulation and when the became big they change terms of use change, so all Whoever deposits using old addresses that he used will fall into this problem, and sometimes even after this happens, good platforms provide the option to withdraw without being able to perform any other action like trading. I repeat, if they do not ask for identity verification when depositing, they are scammers. That's the trouble, if they are not asking for KYC they are clearly stating that they do not care about governments and their laws, that's the most important part. Governments require exchanges to ask for KYC, which means that as an exchange you have to ask for KYC otherwise you are doing something illegal. If you believe that someone will be doing something illegal for you, and not to you that means that you are gullible. I believe that anyone who is willing to do something so illegal, should realize that you are not going to end up with anything better in the end, and shouldn't really get anything done. It's just that simple and we should be making sure that we deal with a KYC place if we pick an exchange. |
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If you are new to crypto trading, it is better to start with spot trading and not futures trading because spot trading is quite the opposite of futures. So you will be a bit confused when you start futures trading, believe me. In short, futures trading is only for those who have an understanding of crypto trading and know how to use chart indicators on any exchange platform in the crypto space. Unlike in spot trading, even if you are just a newbie, you can cancel your buy or sell point at any moment. And it is easier to conduct trading activity.
Yeah true, spot trading has a lot more leeway and allows people to have some sort of mistakes if they are not careful, and that's an important thing. Too many people who get into futures end up losing all their money very quickly, because if you trade without care, it will be zero, the wrong direction would make you lose it all. But with spot trading, it could go low when you wanted it to go high, and all you have to do is wait, if you picked a good coin that means the price will go up, and should be doing fine. I believe that it is going to be something special and should be important in the end and could give you a good return. I believe that it is going to be fine, we just need to end up waiting for it to recover. |
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In conclusion, my proposal to integrate Bitcoin technology into secondary school education in Niger State has received a positive response from the state government.
I am optimistic that this initiative will not only provide valuable skills to our youth but also contribute to the broader goal of promoting technology and entrepreneurship in our region. As I eagerly await further developments, I remain committed to working towards a brighter and more technologically advanced future for my state and my country at large.
These type of attempts do matter, and they matter a lot. I am not talking about just the situation itself, I mean that we are talking about something that is very important on the long run, it reaches to a point where if enough people do it, it gets a lot of attention from the right people. What you do not understand is that people like governors speak to a certain amount of people everyday, they can't meet with millions of people everyday, they speak to people and if you go talk to them today about bitcoin, and I go to him tomorrow and talk about bitcoin and then someone else talks to him about bitcoin the next day, after a while he will keep thinking that bitcoin is a good thing, you can manipulate them this way. |
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Putting your coins in a cold storage is good idea. No matter what happens, do not be tempted to sell everything you have if you don't want to live with regrets in the future. You have started a great plan and I hope no matter how the market behaves, even if it move sideways and does take a long time before it recovers, just stick to your goal and continue DCA while opportunities are still knocking on your door. Bitcoin halving and bull run are fast approaching, soon you will come to reap everything what you have been investing.
Not only it can discourage us to sell because it's a bit hassle to transfer our coins or to make a transaction but it can also protect our wallets from malicious threats. I think only those who have tons of Bitcoin on them are doing this. This people have a spare fund outside that they can use on emergency situation so they will never sell their coins easily. For those who aren't like that, they can sell when they badly needed a money as they may lack money outside but they won't also regret it because they use the money on important things. These people can't do a DCA but they will only buy once there is a money available. It's fine. At least they still try their best, than not investing at all. BTC halving is still far and as of now, there is no signs yet of a bull run. It's not a reason though to not get motivated. Definitely a smart move, not a lot of people could really understand it completely because they do not understand how it works but if you use stuff like ledger or trezor then you are going to be able to say that you are more secure and that matters. I understand that some people may feel a bit different in that regard and I get that, you do not have to feel the same way and it could reach to a different point, but as long as you could make it work, there is nothing wrong with that at all. I personally try my best and try to use my ledger as much as I can, it allows me to make sure that I have all my long term holdings in there, I still have some at Binance to trade, but all my long term coins are in my ledger. |
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