The concepts from stock market are applicable for trading Bitcoin ? Or I have to study crypto market specifically?
Of course the concepts are applicable and I would say that of the stock market are much more deeper than what is applicable here in that aside from the obvious inside information that could be relied upon before taking some risky decision in the stock market, a lot of number crunching and trend establishments are needed before making some stock decisions. But over here its not like that, an average internet user can make some decisions and hit it big coupled with the availability of bots that can make it a lot more easier. Despite the above, there is also a room of something to learn in that while there are similarities in both markets, there are also some pure differences which is not in any way related to text books, softwares, analysis, graphs etc but just information, risks without basis, buy and not look back, ICOs without the iota of success and a whole lot of factors that contribute to either success or failure in this market. |
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I wont say its all good and totally bad because its a mixture of both when looked into analytically beyond the obvious of the advantages the article is trying to pass across.
On the good side of course, its going to boost credibility, bring in more money into the crypto industry and thereby increase the price of bitcoin and crypto currencies along the line which is something an average crypto enthusiast wants as a return on their investments in terms of money and time in the industry.
However, the bad side is going to be serious because, its a known fact that the industry is largely unregulated and the attention its getting is because the amount in the industry is not enough to distort the fiat financial system. With the coming of this large banks and their counterparts across the world means huge money is coming in which will lead to that aggressive regulation that might defeat the very essence of decentralization. Another fear is how they might monopolise the entire market just by single introduction of capital into the market.
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thanks to roger ver and the successless trial against him
If there is any success to attach the trial to, is the fact that he his beginning to have a rethink starting from the reported change in his website and the attention this has garnered since the time it has started some weeks back. You don't determine the success of a case until the judgement has been delivered. there are now two strategies to challenge bitcoin dominance
1. Creating and Propagating an Altcoin
2. Creating Another Bitcoin and Claiming the other Bitcoin is the Real Bitcoin, dening Bitcoin Cores Lead Role
you guy should beetter switch to ethereum now as the trend currently goes, you cant win this competition....
there will be bitcoin gold, bitcoin diamong, bitcoin silver etc, all trying to imitate roger vers marketing strategy.
i expect even a propaganda industry to rise that constantly creates new bitcoins and market it as the "true","real", or as ver said "legitimate" bitcoin
regards
And you think the same type of people that have infested bitcoin with all of their propaganda won't do same for ETH? The reason they are still with bitcoin is because they have a platform and the moment we all leave to ETH as you have rightly suggested, be sure that they are also coming. |
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I know getting a negative rating does not mean you get excluded from DT, im not new here. It just seems counterproductive to have DT members with negative ratings from other DT members. If they can't trust each other why should we?
It seems that on mprep case almost no one really wanted to say anything because of fear.
I don't understand what this is about, people are free to express opinions on other people as they deem it fit based on the situations and circumstances at hand. DT members are not saint neither are they angels, they are individuals with different orientations, from different cultures as well as different levels of maturity. So you don't expect them to always agree on a particular issue. I have seen threads were DT members have been accused of several things, some have been called alts of each others, others have been labelled clique to frustrate lower rank members just because they made it a responsibility to do what is right and you know the reason for this? Because they only agree on one position.. Now when they have different opinions about situations, complain is still there. In short what is the essence of decentralisation or freedom if people who matter cannot disagree on issues then agree afterwards? |
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They say they can manipulate the price of a certain cryptocurrency coin. So how do they do that and who/what are the most famous and richest whales in the cryptoccurency world?
Since I joined the forum and gotten aware of the term 'Whales' of receiving the blame when there is a fall in price and receiving the praise when there is an increase in the price of bitcoin but what is surprising is that despite all of this,no one can say for sure who the Whales are and what they do it is then safe to say they only exist based on our believe but that is not to say they don't exist. Since its difficult to proof, we just assume that it doesn't just like the stock market with all the regulations and procedure, they deny the existence of insider trading but we all know its a myth that they all want us to believe. But for other crypto currency coin with low capitalisation, various pump and dump group are the whales in this case. Imagine a group with like 100k members on Telegram focusing on a coin with $5 million capitalisation, you sure know that all that is needed is for 50,000 members to agree to a course of action and spend $100 each to achieve whatever objective they set for that coin. |
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In trading, we need an information and updates on market specially, if we are care about the coins we hold. My question is, will you rely to the news who came from a popular people/analysts? Is it advisable to depend upon the information of the analysts in cryptocurrency and make it as a basis in trading?
In trading, the key to making it big is seeing information and acting on it. While its is expedient to know where to get information from people, I would prefer a situation where rather than relying totally such, I would see it as a push to qualify for validation. There is no point relying on popular people blindly because of the following reasons: 1. They are human beings too and because of that, they are equally prone to mistakes, ruled by their own selfish interest to make money. 2. The outcome would be borne by me. Whether its a profit or a loss, I would be the one to suffer it so its better I am part of the process and play a dominant role in it as well. So that in case of profit I share the glory and in case of a loss, I feel responsible. |
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I think this is the most common mistakes I have encountered: - Investing in unknown cryptocurrencies: Just because Bitcoin has achieved success does not mean that all currencies will achieve the same success, much invested in unknown currencies for this purpose.
- Do not multiply currencies: Some people think if they have all the cryptocurrencies they will make gains, so you find them investing in more than 20 cryptocurrencies.
- Investment without a plan: You will often lose if you do not have a clear idea of what to do
The most important advice is to have a safe wallet and some technical expertise to keep your cryptocurrencies safe. I cannot agree with you less on this position especially the first mistake which is about investing in unknown coin. Every noon trader believes by default that all coins have the potential to be like bitcoin and the time they are buying, they are actually doing it to cash out big and some exchange sites don't even help matter with the statistics they display. You see statistics such as the most traded coins, the most pumped, the most dumped, highest volume, promoted coins etc all in the last 24hrs. However, its not possible for coins to be like bitcoin. I have fallen victim of those statistics before and I learnt the hard way that those green or red coins are really not the forces of the market but consistent manipulations of the outcome by those who knows the rule of the game. |
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The summary of it all is that, we just need to continue to be more secure. I have read suggestions about how to go about being secure but it seems its not as simple for someone who is just an average user. A whole lot of people don't even know what DNS stands for and its importance in all of this or what the validity of the certificate stands for what is known is to launch a browser and sail with it to site you want to visit.
The simple answer and best recommendation is have an hardware wallet to store the coins. As the Internet continues to be less secure, the best is to operate outside the internet and only come online to use the wallet when its extremely important to do that.
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Reading through the thread and going further to see the basis of the red trust by @ThePharmacist, I cannot but agree with others position on the matter. While there is nothing wrong in asking questions for clarity sake, your went a little further by outrightly intending to get into such activity which means if it had been allowed, you would have engaged in it. Intention matters but unfortunately you won't be the one judge of that but others.
That you don't know is also an excuse but not a tenable one because as a member of that rank of yours, if you are active on sections that talks about such, you would it attract the same hostility just like trading trust or buying of accounts. Also, while you can call it illegal trust, I'm afraid others have agreed that it is warranted.
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Can you have regulatory bodies function without centralized authority? sort of like a union. Can this be monetized in a way that's fair and consensual? I think most of us in this space have some beef with regulators, but it's becoming apparent that some self-regulating needs to happen. I think it's an important discussion, would love to hear any ideas on the topic.
Whether we like it or not, its bound to happen. There are some things you don't have control over and one of them is the behavior of some other people towards certain things and because of that we have to come to a consensus on how we want to be run. Everyone knows the difference between good or bad (at least the obvious ones irrespective of cultural inclinations or orientations) but because of the greedy nature tendency, people tend to throw morality in the winds in other to live large and impress those around them. For me, I don't have any beef against regulators until its obvious they are not being fair and we won't know until we have one. But for those who are preempting such to be a negative outcome, surely have something to hide. |
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Now that you turned on the 2fa security, basically you're safe. In any case, never write the auth key on public and just keep it for yourself.
I'm not familiar with skrill specifically on how they send a notification for logs but, with that 3 logged in, was it a success or a failed?
If it was a success and your funds is still complete, maybe you've logged in on your own account with a different IP? on a different place or maybe you have a dynamic IP?
I know my IP as I have 2 static IP-s which I use one at home and one at work. All IP logged successfully but my Skrill had 0 USD in it. The intruder was just logging every several hours with the hope to find some btc deposited there through Electrum and to send to his Skrill email address. I think I am safe too now and as you see I have more than 1000 USD sitting there in my btc addresses, but I will withdraw them in December when that amount will be 10.000 USD or even more based on Bitcoin price. Its good that you have taken some precautionary moves to secure your account but for the mere fact that the account was assessed shows its vulnerable and I am sure if your account had some amount there, it would have been wiped out. While 2FA is a potent security measure to protect your account, for a targeted account, its not enough because an hacker can go ahead to intercept whatever code that would be sent and still access the account. Instead of keeping your $1000 there to wait till December ( putting in mind every top notch security gets weaker by the day) why not keep it in an offline wallet that you know about alone after all keeping it on that platform or somewhere else does not stop bitcoin price from reaching $20000 or falling to $1000. #my opinion. |
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hey guys!
just wondering if someone might be interested to host their ASICs or RIGs in China or Central Europe?
electricity price, for now, is $0.07/kWh
Hi. Electricity price is OK, yet better can be found in the Eastern Europe. That is why I have to ask you: what other benefits are planned to provide with that hosting? I mean extra security, equipment insurance, video surveillance accessible by the owner, air conditioning and filtration, internet channel reservation, 24/7 tech support etc. There are some places with virtually free electricity, but you won't risk placing even a cheapest rig there. That is why your question needs clarification and extra details. Theoretically, if you offer me move my equipment (~50kW) to some place with the top notch security so I can sleep better, then I will likely agree. Great post , there should be more info about it for example electricity where I live in Syria is way cheaper , I can really offer maximum 4 cents per kWh but it will be a hell of responsibility also I guess many won't feel safe having there equipments there ( personally I won't feel safe too ) so during the current situation in my country , personally I prefer having someone else hosting even the electricity if the electricity costs more It seems in some places you can't just get everything at once without compromising on the other. Over here, for security, I only needed to put it under lock and key and if I am magnanimous, I pay someone to watch the compound if its not where I live and the security issue is settled 100%. But for the cost of power, I can even begin to cost how much because its one of the most expensive in the world and its not even available which means heavy reliance on generators is key. The best is to live mining for the people in China and other conducive countries. |
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Right. What confused me the most was being asked what address I would like it sent back to and if the original one was fine. Having replied yes and then not receiving any kind of follow-up until a day later when I was told "unfortunately the bitcoin have already been resold."
I was contacted roughly 6 hours ago by the same support person who added "theres not much we can do. If you'd like to provide a contact number we can get in touch with you to discuss available options." I provided my contact number but never received a call. The most frustrating thing about this is receiving 1 reply per day.
I understand that an error was made on my part. But I have a bill of sale for those coins. I suspect the company took twice the escrow fees with the individual making twice the profit.
Its been 24hrs since you post the first message and this is coming. Your suspicions might be right but how do you prove it? How do you get the other individual that it was sold to in other to have a witness to confirm it? Even if you did get the witness, who do you report to in other to make them pay for their bad business practices. Of course nobody and they know that and that is why they feel comfortable in doing that using your own mistake as an excuse. However, just like my earlier posts, I would suggest you wait and get your funds back because by the time you involve the police, it then becomes a matter under investigation which they see as another excuse to delay further and the worst that would happen after the investigation is to pay you your funds despite the time that has been wasted. When its obvious they are not ready to honour their last message to you, that when you involve law enforcement agents. |
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Reading through the conversation, I can say the point of filing a police report has not been reached yet because I have not seen them scam at the moment.
1. The mistake was not from them to begin with. They deliver on the earlier contract that they entered into with you. You then made an error by sending it back to them.
2. They have been responsive all along. They acknowledge the receipt of the money and promised to send it back. When they couldn't meet up they still send you the next alternative.
For most companies and businesses, its easier to receive money than to refund because of their in-house bureaucratic policies and because they have not been found wanting before, I suggest you still give them more time to resolve it.
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Hi,
I've been offered an opportunity to work at a cryptocurrency exchange startup as a software engineer. I'm interested in the technologies involved, though not Java which they want me to use. What's it like to work on these things?
Also, do you think the current competitiveness of cryptoexchanges is a winner-take-all thing? Seems like there's an abundance of them.
Without reference to the technical aspect of what the establishment of cryto exchange site is all about, I think its a great opportunity that I would take if I were given the opportunity to serve in such capacity. Its true that there is competitiveness but I can say there is room for everybody to feature even if you are starting now. In my opinion, there are three categories of crypto exchange sites we have now which are the A,B,C. The As are the Binance, Poloniex, CEX etc.The B category would then be HiBtc, LiveCoin, C-Cex etc and the C would be all of the upcoming ones. One thing that is common to both the A and B is that they have huge volume of transactions and people to deal with which led to a lot of complains from customers. This is where there is an opportunity for a new one like yours to feature to fill the gap and before you know, starting from category C does not mean you can climb higher in a short period just like the poster above has shared. |
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What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
There is nothing wrong for small business to receive bitcoin for the sale of goods but it should not be the exclusive currency of trade. The reason for that is, as a small business, there is going to be a need for high and stable working capital which due to the volatility of bitcoin price could pose some difficulty for the business especially if those he is buying from don't receive btc but with the combination of other currencies in this case fiat, the balance will be maintained to get the cost of replenishment of store in the case of negative volatility in the price while increase in price of bitcoin would amount of other income. |
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In order to avoid bounty scams you need to consider 2 things:
1. CHECK THE PROJECT - you need to do research about the bounty, the project team, the whitepaper because some might just copy and paste it, the advisors, roadmap, bounty pool and ofcourse the founder you need to be a good observer, check their background because sometimes by just merely observing and reading you will know right away if the bounty is a scam.
2. CAMPAIGN MANAGER - the one that you should always consider, because if the bounty manager is scammer then the bounties itself is a scam, and it is really obvious if the bounty manager has a negative trust then surely he or she is scammer, one thing to consider also is the rank of the bounty manager the higher the rank the higher the legit factor, you can always do research here there are many list of legit and reliable bounty manager and the list of all bounty manager scammers.
thank you for your kindness!
hope it helps!
more power!
And you think this advice will be followed by people who are always on the lookout for the bounty announcement threads they want to enrol all of their alts? (a quick check on the reputation subcategory of those abusing the bounty campaigns will give an insight on what I am saying where an individual can enrol up to 30 alts sometimes I wonder if its a machine doing that) and the promoters are more concerned about how much they would raise in their pre-ICO and ICO with less focus on the quality or campaigns which means before a genuine applicant is through with those findings, the list is already full. The only easy one is the campaign manager which is even not a guarantee as we have seen reputable managers fall short of expectation at some point. Do your research if you are convinced put in for it, and it if not pull out and stop blaming someone else, the mod, DT members, popular senior guys, or even the global administrator of not doing enough. |
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You have a store in Louisiana but you need to do more for people to trust you. Louisiana is not some "not on the map" state in the world intact its a popular state which means there would be someone who is from there and might be close to you on the forum. This will do well to give authenticity to your claim especially if the person is someone who is known to be a decent individual on the forum and that would make people look over the fact that you are a newbie and be less suspicious in doing business with you not only on the forum but also in your location. However, for that to happen, you must be found to be legit.
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Most big banks have tried to stay far away from the scandal-tainted virtual currency Bitcoin.
When you talk about big banks and you didn't mention Goldman Sachs, I wonder the banks that made the list of those who are big enough to take a position on what to do with crypto currency without recourse to the position the could try they operate in is taking and until the country takes a position, all of those big banks are merely making suggestions and was given the opportunity because of the unavailability of a framework. But Goldman Sachs, perhaps the most storied name in finance, is bucking the risks and moving ahead with plans to set up what appears to be the first Bitcoin trading operation at a Wall Street bank.
In a step that is likely to lend legitimacy to virtual currencies — and create new concerns for Goldman — the bank is about to begin using its own money to trade with clients in a variety of contracts linked to the price of Bitcoin.
While Goldman will not initially be buying and selling actual Bitcoins, a team at the bank is looking at going in that direction if it can get regulatory approval and figure out how to deal with the additional risks associated with holding the virtual currency.
Rana Yared, one of the Goldman executives overseeing the creation of the trading operation, said the bank was cleareyed about what it was getting itself into.
“I would not describe myself as a true believer who wakes up thinking Bitcoin will take over the world,” Ms. Yared said. “For almost every person involved, there has been personal skepticism brought to the table.”
Still, the suggestion that Goldman Sachs, among the most vaunted banks on Wall Street and a frequent target for criticism, would even consider trading Bitcoin would have been viewed as preposterous a few years ago, when Bitcoin was primarily known as a way to buy drugs online.
Over the last two years, however, a growing number of hedge funds and other large investors around the world have expressed an interest in virtual currencies. Tech companies like Square have begun offering Bitcoin services to their customers, and the commodity exchanges in Chicago started allowing customers to trade Bitcoin futures contracts in December.
But until now, regulated financial institutions have steered clear of Bitcoin, with some going so far as to shut down the accounts of customers who traded Bitcoin. Jamie Dimon, the chief executive of JPMorgan Chase, famously called it a fraud, and many other bank chief executives have said Bitcoin is nothing more than a speculative bubble.
Ms. Yared said Goldman had concluded that Bitcoin is not a fraud and does not have the characteristics of a currency. But a number of clients wanted to hold it as a valuable commodity, similar to gold, given the limited quantity of Bitcoin that can ever be “mined” in a complex, virtual system.
“It resonates with us when a client says, ‘I want to hold Bitcoin or Bitcoin futures because I think it is an alternate store of value,’” she said.
Ms. Yared said the bank had received inquiries from hedge funds, as well as endowments and foundations that received virtual currency donations from newly minted Bitcoin millionaires and didn’t know how to handle them. The ultimate decision to begin trading Bitcoin contracts was approved by Goldman’s board of directors.
The step comes with plenty of uncertainties. Bitcoin prices are primarily set on unregulated exchanges in other countries where there are few measures in place to prevent market manipulation.
Since the beginning of the year, the price of Bitcoin has plunged — and recovered significantly — as traders have faced uncertainty about how regulators will deal with virtual currencies.
“It is not a new risk that we don’t understand,” Ms. Yared said. “It is just a heightened risk that we need to be extra aware of here.”
Goldman has already been doing more than most banks in the area, clearing trades for customers who want to buy and sell Bitcoin futures on the Chicago Mercantile Exchange and the Chicago Board Options Exchange.
In the next few weeks — the exact start date has not been set — Goldman will begin using its own money to trade Bitcoin futures contracts on behalf of clients. It will also create its own, more flexible version of a future, known as a non-deliverable forward, which it will offer to clients
The bank’s first “digital asset” trader, Justin Schmidt, joined Goldman two weeks ago to handle the day-to-day operations, a hiring that was first reported by Tearsheet. In his last job, Mr. Schmidt, 38, was an electronic trader at the hedge fund Seven Eight Capital. In 2017, he left that job to trade virtual currencies on his own.
He will initially be placed on Goldman’s foreign currency desk because Bitcoin trading has the most similarity to movements in emerging market currencies, Ms. Yared said.
Mr. Schmidt is looking at trading actual Bitcoin — or physical Bitcoin, as it is somewhat ironically called — if the bank can secure regulatory approval from the Federal Reserve and New York authorities.
The firm also has to find a way to confidently hold Bitcoin for customers without its being stolen by hackers, as has happened to many Bitcoin exchanges. Mr. Schmidt and Ms. Yared said the current options for holding Bitcoin for clients did not yet meet Wall Street standards.
Goldman is known for pushing the envelope in the trading of complicated products. The firm faced significant criticism after the financial crisis for its profitable trading of so-called synthetic derivatives tied to the subprime mortgage markets.
Since the crisis, Goldman has made a big push to position itself as the most technologically sophisticated firm on Wall Street. Among other things, it has started an online lending service, known as Marcus, that has brought the firm into contact with retail customers for the first time. The virtual currency trading, though, will be available only to big institutional investors.
Mr. Schmidt said Goldman’s sophistication was a big part of the reason he was open to the job, despite many other opportunities in the virtual currency world.
“In terms of having a trusted institutional player, it has been something I have been looking for in my own crypto trading — but it didn’t exist,” he said.
Eventually, this is what is going to happen as by the time the market has grown, it would be difficult for government to do any other thing than find a way to plug in because whether Goldman Sachs' Ms Yared is a true believer or just trying to get a share of the cake, she has lend credence to the continue penetration of bitcoin. |
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Today I was amazed at how low the commission was when transferring 0.07 bitcoins. Only 192 sat !!! The transfer took about 10-20 seconds. It's very, very cool. About $ 650 for $ 0.017 - this is something! Bitcoin is the future!
Its good that its happening this way and yours a even a little expensive because in my own case, I also transferred an amount close to your range at about 8 cents and before I remembered to check back, it already had 1 confirmation which didn't take too long to complete the process. When we see situations like this and we are happy we should not forget the trying times when transaction fees are so high to have swallowed the amount intended to transfer with unending waiting time. We should not be shy to appreciate those who made it possible because without them coming to offer solution by various development among which include SegWit, LN etc, we would have been signing a different song and whinning about how bitcoin is the worst of all crypto currency. |
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