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I was surprised as well, some of the exchanges 'wash trade' their volume tens or hundreds times on a daily basis (the most gruesome example is LBank overstating its volume 4400 times according to the research). It might not be critical for trading during quiet days but you don't want to be inside such a market when volatility spikes.
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Dev Gone?
We are still working on the Next release planned for November 21th. Best Regards HPP Team Thanks for letting the bitcointalk community know. What is inside the release on November 21th besides GPU support? Btw. I would add a hyperlink to the exchange on the HPPcoin website (actual links are outdated). |
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The values are taken from the trading volume on exchanges. This figured are gotten from the amount of supply and demand, which determines the amount of money in circulation (market capitalization).
Adding this point. If you take a look, you'll find different figures from CMC, Coingecko, Coincodex or others market cap site. This means they have a different algorithm, or they judge the data differently. Because of this, you should not believe only one site, try to use more than 2 site for data comparison. Yes, calculating market capitalization of cryptocurrencies can be very tricky. It is certainly not true that the whole sum of market cap could be converted to real fiat liquidity - some coins are locked after ICOs and even if people decided to sell lots of coins, there would be no buy side and price would plummet. |
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Many economist are predicting a crash soon. Even if it doesnt happen soon, we know from history that the crashes happen about once a decade so it will only be a matter of time. What are your predictions for crypto? I haven't really seen it being mentioned much in these reports or articles but i think we might be in a world of hurt.
If you define crash as a sharp decline in Bitcoin price then yes, it can happen. Considering where the market is sitting here, seemingly insignificant breakout below $5800 could bring "blood to the streets" (read it as a sudden and very sharp slump driven with fear among BTC holders). |
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Regular delisting of coins is natural and I think every advanced exchange should do it. However, these rumours below are a bit different - it would mean that Binance is changing its listing strategy somehow. It would be nice to know what is the desired state of Binance in one year from now. According to some rumors low volume 27 coins will be more delist. (No resources now)
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Hi, I'm wondering what's the best way to buy $1000-$2000 btc per week? Currently I'm using localbitcoins.com and was wondering if there's a way I can buy direct without going through another person (and without paying more fees to coinbase, etc). I live in Toronto area, Canada.
If you were not scammed on localbitcoins then I would advise you to stick to it. It usually doesn't have high fees (at least in my area) and reliability should come first when choosing money transfers. |
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Story was posted hereApparently bought a lot of Bitcoins at a price that could be around $5000. Wondering how he feels now. You have to be incredibly solid inside and emotionally to deal with the constant price moves. Not that the decision is wise, it is a stupid decision, but stupid decisions can make you rich sometimes. Just the fact that he is a family man makes it incredibly unreasonable to do such a thing, but still wish him (and us) the best of luck  Perfect example of wrong risk management  Anyways, he certainly had some kind of exit strategy and enough money to spend on regular expenses. He announced holding his Bitcoin possession till 2020 so I think he will be in profit then. |
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I am using binance as a result of delays on Coinbase and other exchanges in getting verified. Is this the reason Binance is so successful?
What is actually the main reason?
It seems that Binance was founded in 2017 and by 2018 it became the most successful exchange. Coinbase was founded in 2012 and Kraken in 2011 yet they failed to achieve what Binance has achieved.
From a business point of view, what is the reason Binance achieved so much?
One important factor of their success is focus on Asian markets. They managed to grow rapidly thanks to untapped Asian retail crypto market. There is still a challenge in customer experience. Crypto exchanges including Binance tend to be quite bad in dealing with customers (rapid growth brings understaffing issues and unstable internal processes). |
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Very exaggerated post. Why would worldwide fiat currencies collapse? Collapsing of all currencies would mean collapsing the whole financial system and I bet that Bitcoin would be the last thing you (and us) would be thinking about.
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Paradoxically, my most profitable investments in crypto were those that are not ICOs. I bought some new (PoW/PoS) coins shortly after their genesis block and that turned to be my "cash cow" now. Regarding to ICOs, I earned a bit and lost a bit, nothing significant. |
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As stompix and gentlemand pointed out, numbers might be a bit overestimated and consequences of such a market behaviour could be bad. The OTC Bitcoin market is probably not that big but it certainly explains where the volume disappeared. Unfortunately, OTC prices tend to influence market prices quite slowly and insignificantly.
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In previous weeks we experienced crypto dumped during the weekends and seldomly pumps. What do you think will happen this week?
The most negative days in week were always Sundays even in the luckiest months of 2018 bull run. Weekends tend to show less volume, it seems like investors exit their positions during the weekend and especially on Sundays. |
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Most critics of cryptocurrency always point out that the currencies cannot be used for payments in real life. Recently, XRP are now used for payments in three companies. I become optimistic on altcoins when I knew this. Share your thought on Altcoins as payments below. I don't want to underestimate significance of this occasion (which is indeed very important for the whole cryptocurrency industry), but in the end Ripple is strongly centralized cryptocurrency with several unanswered questions about market manipulation. |
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Interesting idea, share your results with us.
For better consistency of your trading routine you will probably need to set a certain time when you evaluate the biggest negative 24hr % and put your buy order. Furthermore, consider some "plan B" for exiting from your positions. You may miss profit because some coin will perform slightly worse than all other but it could still make you x times of your buy price.
I will check the prices the first thing I wake up in the morning. But I can't say for certain when exactly. Sometimes I wake up at 6am, sometimes 7 or 8am. I could check the prices on that certain time but I would like to make it as "real life" as possible and most people do not religiously do something the exact time every day. I think an exit strategy could be applied and is very likely profitable, you could try it in your setup but for now I would like to try a extreme contrarian approach. The only exit is when the coin reaches the highest 24hr % returns for all alts. Risk are mitigated by adding small positions per day which will result in holding various coins. Anyway, day 3 results are below, RDN went bananas on the 2nd day and became the largest % returns for all alts on 2nd day after being the biggest loser on the 1st, therefore I sold all RDN to tether as per my strategy and would add in to my $100 daily investment spread across the next 30 days. Right now results are very impressive, although its mostly due to RDN going crazy. GoChain profited a few dollars. Day 3: DATE CAPITAL INVESTED/EARNED COIN AMT BOUGHT AMT SOLD 12th Sep -$100 RDN 270.74 13th Sep -$100 GO 2195.43 13th Sep $142.75 RDN 270.74 14th Sep -$104.75 GO 2457.42 HOLDINGS GO 4652.85 TETHER $138.00 (-$4.75 reinvested in GO) TOTAL CAPITAL INVESTED $300 CURRENT VALUE $341.97 Btw, if you like my strategy and updates, if possible do spare me some BTCs, even few dollars would be good: BTC: 15ZHGBtE6V9r28HT1nFnoPfsB8UspsM6Di Good results for such a short period of time. How did you perform during the rest of September? There were some price spikes so I hope you exited on time  |
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It is worth mentioning here that ALQO / Bitfineon is preparing a gala evening (=party  ) for the first year of ALQO! It has been published in Discord channel but it deserves to be here as well. The team at Bitfineon GmbH is pleased to announce a special gala evening in Heidelberg, Germany on November 3rd 2018, to commemorate the one-year anniversary of the creation and launch of ALQO. Hosted at the enchanting and acclaimed Alte Weinfabrik venue, in the heart of Heidelberg's historic district, and featuring Michelin Star awarded chefs Martin Scharff & Mario Sauer, the evening will focus on celebrating ALQO's first year and the upcoming launch of the Bitfineon exchange. We'd like you to join with us in celebrating the ongoing journey of ALQO & Bitfineon with this special evening. Tickets can be purchased in advance and capacity is capped at 150 due to venue size. This is an exclusive event and local German media will be attending and reporting on the event. Come and join us in celebrating ALQO and Bitfineon, we hope to see you all there! Note: Complete details here: https://gala.alqo.app/ (pre-order starts 6pm UTC+2, 2nd October) |
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ICO regulation is inevitable, it will help the market to stabilize (regarding to risk rather than price) and further grow. Some of rules in the draft are actually on point and should be taken by any ICO. |
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Return of a bull market could be a self fulfiling prophecy by CEO of Binance. The higher market goes the bigger volume will come to the exchanges, bull run would be very "revenue positive" for them.
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Good day fellow traders, I'm thinking of using stop loss order in my trades, can you give me some advice how you use your stop loss order?
The most basic strategy would be to place it x% below an entry. You can then do a bit more research and adjust stop loss acording to the market volatility (you want to make more space for price when it jumps up and down wildly) or use so called trailing stop loss. |
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I can't understand, their exchange (bitfineon) still not working? I don't see there any of trading pairs and there are says that exchange is on its way. Why so long launch if they had ICO one year ago?
Bitfineon exchange is still in closed beta phase, we have to wait a bit more for public trading By the way, ALQO didn't have any ICO, it was started as mineable coin. |
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There are enough signs that an economic crisis is going to happen soon in the next 3 - 5 years.
Whether China's bubble will burst or the dollar will implode.
Do you guys think crypto will be as good an investment as gold in time of crisis?
Major and most reputable cryptocurrencies could indeed serve as safe heaven when crisis comes. However, volatility is what should concern us - nobody wants to put their liquidity in an asset that could change its value for +/- 25% per day. |
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