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1  Economy / Services / Re: Yobit.net signature campaign on: December 26, 2019, 02:42:11 PM
You didn't and do not wear personal message. Case closed.
He might not have, but I had it on all the time. I took two days off due to family coming over for Christmas and changed to the new signature just now, but it's still stating disabled for inactivity.

Could it be that yobit shortened the time frame which within you have to wear the new signature?
2  Economy / Trading Discussion / Re: Help in Trading on: December 23, 2019, 03:48:04 PM
Most of new people tends to overlook the calculation of conversion fees and other fee generated on every trade so most probably what will happen is unnecessary loss just because you have seen a green on the price.
I don't think the fees are much of a surprise to people because they know what exchange has the lowest fees and sign up there. I'm sure you have seen threads pop up here where people ask questions about the fees.

What I think makes people lose out is the difference between bid and ask. On illiquid exchanges the difference can be so large that even when you make 2% on a trade, you still make a loss while you wonder how you could have lost.
3  Economy / Trading Discussion / Re: Whales keep getting richer and richer while everybody else is losing... on: December 23, 2019, 02:54:29 PM
But even though they can control the market, we can still make profit by using different kind of strategies.
If you have the luck to be on their side of the trade, then sure, you can benefit from their pump and dump agendas, but people tend to be so greedy that even when the price pumps, they sell too late because they expect higher prices.

Getting in and out of a trade sounds easy, but most people struggle with that. You need to set certain targets for yourself at which you take profits.... for example, take profits at 5% when your trade was a profitable one. Don't wait longer than necessary.
4  Economy / Economics / Re: Exchanges are rebelling against constant hard forks on: December 23, 2019, 11:36:10 AM
How Poloniex lost its popularity. How popular Bittrex became. Then Bittrex was thrown into the back of how to market.
Poloniex wanted to become a KYC compliant exchange too aggressively and paid the price for it, then they also made a lot of accounts unusable without notice. If KYC wasn't a thing Poloniex would still be a top exchange.

Bittrex is indeed similar, but it seems less affected since it generates more volume than Poloniex and has more Bitcoin in their reserves, which basically means that they made fewer mistakes than Poloniex, which people appreciate.
5  Economy / Speculation / Re: Bitcoin Will hit 5500 ? on: December 22, 2019, 07:46:44 PM
In 5 years nobody will talk about 10k when we're at 50k. this fall from 7k to 6.5 we had in the recent weeks will not even be just one small candle on the chart. You'll need to zoom in to even notice it.
It highly depends on what we end up doing when we crash after having touched the $50k mark. An 80% crash after a peak within crypto is quite common, so deducting 80% from $50k leaves you with $10k flat.

We need the price at +$100k levels to be somewhat confident in saying that we will not talk about $10k again, and who knows how long it will take for the price to get there. I will definitely cash out most of what I currently own.
6  Economy / Speculation / Re: Question for the Speculators... (experiment) on: December 22, 2019, 07:17:45 PM
even those people with a lot of experiences and high skills trader have a very low percentage to ended up with profit, the research say it all , mostly they claimed that less than 10% a trader can success making profit in the long run.
I think the problem with those people is that they try to make profit quick. No matter how long you have been trying to get trading to work for you, there simply isn't a way for you to make more profit than you have lost.

Most people make things worse for themselves by raising the stakes in an attempt to gain back what they have lost, but gamblers have been the prefect example in terms of exposing how dangerous revenge gambling really is.

People can't even get things working for themselves in the stock market they claim is very predictable. How on earth will they be able to have any success within crypto, a market that's truly unpredictable.
7  Economy / Economics / Re: Question about MarketCap and Cashing Out on: December 22, 2019, 03:21:42 PM
You see, a single BTC transaction is just a drop in the ocean and will not in any affect the movement of the price of Bitcoin unless you can also be influencing many thousands of people to be doing the same, even then I still have a big doubt of its influence in the total global Bitcoin market.
When the mass starts selling or buying, you can be sure that the market will respond to that. Technically speaking, there only need to be one large player selling/buying and bots on other exchanges will very likely replicate that move.

Nowadays most projects print as many tokens as possible because they know it's the only way to get a high market cap. It says little about their liquidity, but it's a convenient aspect that helps get noobs excited because they pay attention to that.
8  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO/IEO projects are lying to airdrop and bounty participants for a long time! on: December 22, 2019, 02:19:37 PM
In this case, it misleads the participants.
People are misleading themselves. There is so much evidence to find about how they pretty much lie and fail that it should be an easy decision to not invest in any of them, especially if their claims are too big for where they are.

If people weren't so delusional and greedy, there wouldn't be as many scams projects as there are right now. People are the one to be blamed, especially if they don't care and buy into scams hoping that they will be paying off at one point.
9  Alternate cryptocurrencies / Altcoin Discussion / Re: How and why to buy Stablecoins in 2020 on: December 22, 2019, 01:58:06 PM
Traders use the stablecoins for protecting their trades from the market volatility and it is the best option instead of converting the holdings to fiat money. 
Protection is quite hard to refer to when people are trading USDT. It's not just their shady nature I'm referring to, but also the counter party risk. If they stop paying out your stablecoins are worthless.

Tether has already admitted that they at one point weren't fully backed by dollars. If you see them admit that, something is wrong. Too bad decentralized stablecoins haven't gotten any adoption yet to replace centralized ones.
10  Alternate cryptocurrencies / Speculation (Altcoins) / Re: STPT Listed on Coinone, Price Jumps 40% Within a few Hours on: December 21, 2019, 02:41:15 PM
Let's be smart, dont get fooled by this one. You can play safe by buying before get listing (if the token is good), then sell when token listed. Sell in peak
If you just wanna conservative way, dont play with this type of gemz
People in crypto aren't smart. Whenever they see a coin pump like that they want to get in, not wait for an opportunity to buy lower or avoid it completely. They are gambling with their hard earned money.

I remember when Coinbase listing announcements made coins pump through the roof, but after a while every one of them got dumped well below the price they started pumping at. It's almost a guaranteed way to lose money holding these.

If you know how to trade crypto coins on a very short term basis then go for it, but if you don't have technical understanding, better stay far away from any of these coins. It's not worth the risk.
11  Bitcoin / Bitcoin Discussion / Re: Is This Why Bitcoin Suddenly Rebounded Yesterday? on: December 21, 2019, 11:50:57 AM
We have had many rebounds and they all failed miserably, especially the one where the price pumped from $7.3k to over $10k. If you fall below $7.3k after such a bullish move, that's ultra bearish. There is no way to describe it differently.

Do I think that we have had the worst of the selling? I believe so, but that doesn't mean that we can't drop further. We haven't yet seen a capitulation candle that generally gets most of the weak hands shaken out similar to the one of last year.
12  Economy / Speculation / Re: Should I buy flight with my bitcoin or wait for price increase? on: December 21, 2019, 10:51:43 AM
How is that question related to speculation ?
It is because it's price related and we are currently going through severe volatility plus the price has performed poorly. Spending (selling) could very likely end up being a huge disappointment when we pump back up.

Your flight of $650 could easily be a $1.3k flight in 3 months, and people will not like that.

Different story, I once bought 4 beer and fried potatoes for 0.1 btc.  Roll Eyes
That explains why spending isn't that good of an option unless you manage to sell the bull run high, but who managed to do that? Not many I'm sure.
13  Economy / Trading Discussion / Re: Trading Options is a bit overwhelming for me. Any Suggestions to make it easier? on: December 21, 2019, 09:41:37 AM
Most newbies want to run before they learn how to walk, it is understandable to be excited about this market and the possibilities that you have to make a huge amount of money but before dealing with a complex subject it is better to learn the basics first, get the necessary experience, read a lot about the subject and after several months you will be ready to trade the markets as a professional, but obviously almost no one wants to do this and take the long path to success.
In an ideal world that's how it should be, but we have enough multi-year evidence that people don't want to spend time getting the hang of trading in general. It's also like that within the stock and forex market.

It's such a shame because all they do is lose money instead of making it, and there are enough people ending up completely broke, especially when they mix in high leverage without knowing anything about the risk involved.
14  Economy / Exchanges / Re: Binance Singapore Blocks Withdrawals to Privacy-Focused Bitcoin Wallet on: December 21, 2019, 08:57:23 AM
Not too surprising in my opinion. Coinbase is generally setting the trend when it comes to such policies. They have been terminating accounts of those who withdraw to gambling sites for quite a long period of time.

This ecosystem is bound to be firmly regulated so expect more of these drastic changes in the future. People probably didn't expect Binance to follow but they have been getting stricter as well. They are not an exception.
15  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Which will be the most valuable altcoin? on: December 20, 2019, 07:24:42 PM
last year investors are giving huge chances for the project teams but most of them are carry away their investor's money and forget about the development of their product which is really destroy investor's trust
I don't think they forget about the project but simply don't feel motivated to do anything with prices going down. I can somewhat understand where they are coming from, but they chose to start the project and should continue with it.

This is where people lose confidence in projects and dump most of what they hold. In general, this is when you want to get in because it is much better holding coins at current levels than at when people were busy buying around the all time high.
16  Alternate cryptocurrencies / Speculation (Altcoins) / Re: xrp to 28$ on: December 20, 2019, 06:48:24 PM
The high prices are illusion of the bull traders, not everyone is capable of accepting the realities.
This is still somewhat of a "conservative" prediction because I have seen the XRP army speculate about $100 and even $589 per coin, which is utterly ridiculous. This has got to be the most delusional crypto community.

IMHO, I even find it hard to believe that it will ever increase past its current high of +$3. For a coin that's said the be the only coin with a use case it's down just as much as most failed token projects. From +$3 to $0.19 today.... great coin!
17  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Chainlink destined for New Highs in 2020? on: December 20, 2019, 05:51:31 PM
Hardly anyone knew of Chainlink last year around this time.
Now that's completely different, which makes me wonder how much upside there realistically is left without the retail fomo crowd pumping prices to the moon. I would say that if I were to be an early bird, it's time to cash out.

This of course doesn't mean that it will not go up anymore. It's just what I would do in that scenario. Some times you just have to be happy with the profits that you made and take out a large chunk just to be on the safe side of the fence.
18  Bitcoin / Bitcoin Discussion / Re: Are American tax laws holding Bitcoin back? on: December 20, 2019, 02:25:18 PM
I mentioned in another thread that even faucets micro wallet (FaucetHub) is stop working with faucets, AML5 requires that each user be verified which is insane for people who click for few a few dollars a month.
That's unfortunately the unwanted side effect of this industry getting more mature. I still think that we haven't seen the worst of what regulations will be imposed on crypto as a whole.

It's simply impossible to grow your business when you play by the rules, which is a damn shame because that could potentially slow down adoption. People wanted crypto to grow larger and larger, well, here they have it.

In a year or two probably everything centralized will require some degree of verification.  Undecided
19  Bitcoin / Bitcoin Discussion / Re: Craig Wright: "BTC is not Bitcoin" on: December 20, 2019, 01:39:58 PM
He is done in crypto, his reputation is already ruined.
I wish you were right, but that's unfortunately not the case. Most of the popularity he gained throughout the years was directly the result of all the bad publicity.... for this scammer bad publicity is good publicity.

The only way for him to lose popularity is to have people stop talking about him. You don't do anyone a favor calling him out for being a scammer. News portals have played a big role too because they continuously recycle articles about him.

I'm really glad that he and his fellow nChain scammers have forked off and I'm sure the Bcashers think alike.
20  Economy / Economics / Re: Asset backed cryptocoins? on: December 20, 2019, 12:53:06 PM

Also I dont think people believe when the team say that Petro is backed with Oil. So there is no point, its a normal cryptocurrency.
I have a hard time believing that. I have seen quite a bunch of coins that supposedly were backed by something, but none of them managed to provide any evidence of that, neither did people really care.

All I saw was people hyping the coins up, which seems to be a thing that all bag holders do.... they don't care whether it's a scam or not as long as they can sell their coins to noobs thinking it will 10 or 100x from the price they buy at.
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