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luthfi_2a

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  1. No. That would be contrary to the entire purpose and nature of crypto currencies. The point of bitcoin was twofold: that it was not centrally controlled or tracked and that it would never be devalued by inflation. The proponents of crypto wanted an alternative to currency as it is now, not something that would act like every other currency.
  2. Bitcoin is the pioneering cryptocurrency and hence the most popular one among the crypto community. Most of the crypto exchanges offer Bitcoin as one of the cryptocurrencies in the trading pairs available on their platform. Furthermore, fiat to crypto gateways accept only a handful of cryptocurrency pairs that include Bitcoin as one. So, someone who does not hold any cryptocurrency and wants to buy altcoins, he will have to buy either of the primary cryptocurrencies. Google search results reveal that Bitcoin is the most searched one among the four primary cryptocurrencies. When the same person wants to sell his altcoins, he will have to exchange them against one of the primary cryptocurrencies for fiat. This proves that the crypto investments are linked to Bitcoin some way or the other. The price of Bitcoin is also considered as the gold standard because the crypto market is quite new. In a speculative market, free market psychology is pretty much like a herd which if follows the notion that Bitcoin price is affecting the altcoin prices, the rest will blindly follow. Bitcoin price crash induces panic in the crypto community. However, a surge in price attracts everyone to rush towards Bitcoin affecting the price of altcoins. Spoofing also causes the altcoins suffer a similar trend as Bitcoin.
  3. Nope. Bit coin can not be generated. Only the un-mined bitcoins can be mined. The so called btc generators are the scripted website that looks like they inject exploit to the blockchain.
  4. No one can. This is one of the major issue / reason why system needs to go with whole concept of digital currency You can't fake off by generating any crypto currency for yourself , each and every transaction is going to recorded . Blockchain technology is designed that way to track where each and every bitcoin/satoshi is going (Block to block ) . So , as circulating supply and total supply has limit for every crypto . you cannot generate new one as every satoshi have code behind it for identification. But , if you want you can legally mine it Crypto is not only for making payments , it's the solution of every problems which Fiat currency is having . Hope I helped Thanks šŸ™‚
  5. Well Ethereum is popular as much as bitcoin, many people that know about bitcoin these days also know about Ethereum. Those two cryptocurrencies are the most traded on big exchanges like Coinbase, Binance, Primexbt. Both have a lot of developers working on them with a lot of infrastructure build at the moment.
  6. The reason is simple. It takes a (relatively) small amount of money to move a CC. A few billion is enough to rock the markets. This is a traders dream. It will be regulated as a security just like stocks. For example, they can suspend trading on a certain coin if it plummets. They can delist a coin. They can allow only certain coins on the markets before investing starts etcā€¦ You have to keep in mind how tiny the market is right now ( around 200 billion). The total cap for the US stock market is 30 Trillion! If you do the math crypto is not even one percent of the US stock market. So there are different dynamics at work. Making money in cryptos is a little more knowledge based as well. This keeps even more people at bay. The key is simplicity. If you want to start, start small and just put money into bitcoin. Then on to the next coinā€¦.
  7. First of all. I am not a professional investor and this is not professional advice. But I sold my Bitcoin and Ethereum as a longtime holder. The main reason is because I believe the whole crypto space is about to change drastically. Having said this I think the Bitcoin and Ethereum holders are going to be the biggest losers.
  8. I'll recommend Binance. Binance : It has an inbuilt option where the users can switch their user interface between two modes. It supports almost all the cryptocurrencies in the market now. The interface is user friendly and the chances of cryptocurrency liquidity issues are very less. If you are using BNB tokens, a discount of 50% is offered by them.
  9. There are many different ways people profit using Bitcoins, as iā€™ll explain below. Bitcoin is a digital asset, as well as a payment system which was invented by the anonymous, ā€˜Satoshi Nakamotoā€™ on 31 October 2008. Itā€™s a form of peer-to-peer transaction which take place between users directly, thus eliminating the need for a ā€˜middle-manā€™. START A BITCOIN FAUCET The first and lowest risk way to make money with Bitcoin is starting your own Bitcoin faucet. Bitcoin Faucets are websites which give out bitcoins in exchange for time spent on the website. The business model behind bitcoin faucets is simple, monetize the traffic via ads on the site. When you sign up to the site with either your bitcoin address or your email or both, you are presented with a captcha to fill in order to receive a small amount of bitcoins. ARBITRAGE BETWEEN DIFFERENT EXCHANGES This one is a bit higher risk than starting your own Bitcoin faucet but the reward increases exponentially. Arbitraging between Bitcoin exchanges works the same way arbitraging works in any other markets. Popular exchanges to arbitrage between are BTC-E, Bitfinex, Bitstamp, and Coinbase. There is usually a spread of a few dollars in either two of those exchanges so buying Bitcoins from one exchange and selling it on another can earn you a few percent on your holdings. The risky part comes in the form of Bitcoin market volatility. Because buying Bitcoins from exchanges takes a few days if the market moves significantly one way then you can potentially loose any margin from the arbitrage. Some exchanges like Coinbase and Circle offer instant buy up to a certain amount so using that feature can reduce your risk threshold for arbitraging, but with the low limits you can only make so much. LEND BITCOINS FOR PROFIT Yet another way to make money with Bitcoin, this one about as risky as arbitraging is lending your Bitcoins using p2p lending services like BTCJam or Bitbond. As an investor you are expected to earn anywhere from 10-14% back on your investment per year depending on the type of investment strategy you use. Furthermore, you can visit the Lending section in Bitcointalk and lend Bitcoins for some sort of collateral, sometimes the collateral can be Altcoins which you can turn into profit. While companies do all in their power to verify userā€™s credit history there will always be those that slip through the cracks. There is a risk of fraud as a user can sign up to a lending website using fake or stolen credentials, while the risk of that happening is low it still must be taken into account. SELL BITCOINS ON LOCALBITCOINS Another moderately risky way to make money with Bitcoin is selling them on Localbitcoins. There is a robust market on Localbitcoins for buying and selling bitcoins. You may be surprised to find out that Localbitcoins isnā€™t only good for finding buyers and sellers locally but itā€™s good for converting Bitcoin to other payment methods. Customers are willing to pay high premiums of up to 15% to be able to buy your Bitcoins using alternative payment options such as PayPal, Amazon Gift Card, Venmo, Netspend, etc. It goes without saying that accepting PayPal or Amazon Gift Card presents a huge risk for a chargeback or gift card deactivation due to potential fraud. CLOUD MINING ALTCOINS This is the highest risk way to make money with Bitcoin. Using your Bitcoins you can rent hashpower on sites like Miningrentals or Nicehash. You can rent rigs running all sorts of hashing algorithms suited for all types of Altcoins. You can use a website like Coinwarz to determine which coins are profitable to mine, but if you are a real risk taker another way of profiting off of cloud mining is mining newly launched coins. If you visit the Altcoins Announcement section on Bitcointalk you can find daily announcements of new altcoins launched every day. A word of advice is donā€™t get too exited as a very small percentage of the coins released actually succeed and hold their value, also be aware of malware being distributed as wallet software when downloading any files from the forum. Renting cloud mining rigs can be a fun and profitable activity if you do your research before choosing to invest into any altcoin. However, donā€™t make the mistake of renting cloud mining rigs which promise daily payouts on an arbitrary formula as those as 99.9% ponzi schemes. Only rent mining rigs which you have control over, rigs rented on Miningrigrentals allow the use of custom mining pool and the selection of each rigā€™s hashpower and duration.
  10. As long as there is an internet connection - theoretically speaking yes, cryptocurrency could last forever. However, we don't know what the internet may do or look like in 100, 500, or 1000 years from now!
  11. Nowadays, you can truly pick any exchange you want. Since the decisions currently in the broker's hand not knowing whether the exchange, they will going to pick is truly best or not, yet at any rate they follow what their heart says. Anyway, just like what I am saying, lots of good and interesting exchanges right now can be truly found. I guess you are not expecting that I will going to say this, yet as I pick the best crypto exchange not only for this year, I ended up picking Atomars. Yes, it isn't that exceptionally known, yet there's one thing I truly love the most about it. SECURITY. I know that every exchange has it, but this trading platform really nailed this feature. As it's never been issued on a big hack problem before. Not just that, Atomars, supports multiple fiat currencies, along with multiple digital assets. They have this leading API and its low latency data and execution feeds. Well, I think this is too much, yet you can likewise make some read and research about it or basically check for their official site.
  12. The potential amount of money you can earn is a function of your skill, experience, mental conditioning, and the size of your trading account. A large account will not help a new trader make money. A large account helps an experienced trader because they are able to employ a trading system which produces a reasonable amount of profit while limiting risk. The traders with a small account usually try to make money by using excessive leverage without focusing on risk which causes them to dig themselves into a hole very quickly. If you can produce a consistent amount of profit every week as time goes on you can increase the size of your trades and start to generate an income which can help you financially. Donā€™t envision Forex as a place where you can open a trade in the morning, close it an hour later for a $1000 profit and go surfing the rest of the day. See it as a place where you can patiently increase your trading skill and mindset to the point where you can generate enough of an income that it can have an impact on your life. You can use the profits to supplement other income or produce enough to live on. Successful traders are not able to jump into the market at anytime and produce a profit. Successful traders know enough about the market and the way it works that when they see an opportunity they use their skill and experience to navigate the order flow to their advantage. In the movie ā€œRogue Traderā€ (which I recommend you watch) Barings Bank futures trader Nick Leeson said that the futures market is ā€œone giant casinoā€. If you treat the markets as a casino and you like the thrill of gambling you will not be disappointed. You will have quite a thrill ride right up until you get a margin call. If you treat the market with respect and learn to trade properly you can reach the level of a Professional trader.
  13. Thatā€™s a really good question. Overcoming your nervousness and anxiety about putting on a forex trade just takes time. Lots and lots of time. Iā€™ve been trading for over 10 years and sometimes I still feel a little nervous putting on a trade. The way I deal with this is to remind myself that the trade Iā€™m putting on exactly follows my rules, not somewhat follows my rule set but exactly follows my rules. In that way I push the nervous part of myself out of the way and put the trade on. Backtesting your strategy will also do a lot to alleviate your fears assuming that you have a robust strategy with a positive expectancy. This practice builds confidence in your strategyā€™s reliance. But demo trading canā€™t be compared to real time trading. Time moves so much slower in real time trading and your patience is seriously tested. And then of course thereā€™s the fact that real time trading involves real money and losses are much more impactful and gut wrenching. So itā€™s good to open an account with a little money in it and practice with that before you load up the account. See what itā€™s like to trade real money in real time. One more thing I hold in my mind is that Iā€™m really dealing with a whole group of trades that I will have placed over a period of time, whether it be a week or a month. Those aggregate results from all the trades I placed during that period are what Iā€™m interested in. I know that I will always have losses - thatā€™s part of trading. The individual trades are just bit players in my overall game plan. That helps me see the bigger picture of my overall trade plan rather than focus on the micro picture of each particular loss or win. Iā€™ve tested my strategies so much that I donā€™t get ruffled by losses - of course I still detest them! - but I donā€™t fear them because I have them factored into my analysis. Youā€™re smart to think about this fear component because having your emotions get mixed up into trading is a sure way to fail. The less you are ruled by your emotions the better a trader you will be. If you have a money management system in place and if you have a strategy that you have confidence in, then just follow your rule set as though you were an automated system.
  14. Risks of Margin Trading On the surface, the practice sounds pretty simple. However, in reality, margin trading is a sophisticated process that carries significant risk. Due to the heightened risks, it requires a special account referred to as a margin account. This is different from the ordinary cash account that most people are used to. When purchasing stock, one can use either a margin or cash account. However, short sales can only be performed using margin accounts. In the same way, certain financial securities such as commodities and futures are also paid for using margin accounts.
  15. A forex ROBO trading is used to automatically generate trading signals on the forex traderā€™s behalf. As such, a manual trader has to glue himself or herself in front of a computer screen and wait for the appropriate time when the criteria for making a decision fits with his or her rulesā€”something which is tiring and complicated. With robot trading, the trading rules or strategies have been ingrained in a computer program, and your trade decisions will be made automatically without your intervention. With a trading robot, you can trade profitably 24 hours a day and increase your profits. After youā€™ve coded your strategies on a robot, it will perform the buy and sell actions while you spend your time on the beach. One of the main reasons why traders fail is emotional trading. However, a forex robot lowers or eliminates emotions from the trading equation and give you a reliable way of earning money. A robot cannot fear to make a trade neither can it start making greed-driven decisions. With implanted strategies, robots are capable of making trade decisions in a way that humans cannot. Some robots can thoroughly and effectively scan the market looking for opportunities with high levels of accuracy than humans.
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