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Hi, Khan. I have mixed feelings, because the proposal is good; setting a limit would limit the option for the price going down and would allow people set higher prices and wait for speculators to get the coin. But there is a problem: do you think any speculator would get a coin that only can be sold in packs of 500 weekly? I mean, the most interesting point for traders is to have 100% control over their assets. The problem is most of these coins, the only thing that they offer is speculation itself. There is NO other application of these coins. It's not a token for a concrete service, it's not a token which stacking offer dividends, there is no project behind that can offer some advantages in the future as investors, etc... If there is no other application or project for the future, or its stacking wouldn't be a way of investment, the result is: If it's possible to sell them, the price will go to the ground (reaching the value of <0.00000001 BTC) because everyone will sell, the sooner the better. With selling restrictions, the price will be good -more or less- for some time, but everyone will have millions in their wallets, believing they are rich. That is not real. It is a bubble. In the case of 2) price will be go down, much slower, because nobody will buy, everyone will sell. And probably, if someone uses this coin as a payment, there will be more and more users of that coin, selling their 500 coins every Friday, like a religion. Will someone buy this coin? no, at least that person wants to lose money. The only way is providing a coin a reason to exist, other than providing a reward. Because the value of something relies on what represents or it is used for; if YoBit finds a way to use the coin, like getting more BTC (or any "serious" coin, even like Doge XD) or some bonuses holding it, as a proof of being active on the forums. And yeah, I set it bold because it's my suggestion for creating a better market, with less shitcoins that at the end are totally useless. This case can be applied to DLRS, Minex or any other coin that is rewarding people to invest in, without realizing the bubble they are getting into.

More news! The withdrawals have been resumed and people grabbed their money and run, as expected. Just checking coindesk's news, we can see in the following chart: (Source: Coindesk) Some people said that this situation impacted the price on the BTC (remember, I commented in the past that the best way to move crypto from Binance and OKEX is to pass any coin to USDT, with 0 fees as I commented in this tutorial) but there is no official confirmation and people points out that is the expected correction, or even some rumors about the BTC regulations in United States. Well... let's see what happen from now on.

Just a quick update: Seems OKEX have renewed energies and, as @Jromz commented, there will be some extras for those who keep trading and acting in peaceful normality (and I guess some promotions for everyone, who had to accept the situation). In this sense, I'm having the feeling that trading and interacting with the platform will be necessary. Remember, OKEX already confirmed the exchange will back to normal (re-open withdrawals) by 27th this month. Cheers!

Hello, guys. Just wanted to comment: according to this information from ZeroHedge, JPMorgan admitted that they made a mistake predicting the end of Bull Run. According to the article, the main reason is all the expectation that Bitcoin has generated since the first great peak in Dec. 2017. The board configuration has changed a lot and the recovery from COVID-19 crisis (around march this year) was something really worth to see: (Source: ZeroHedge's article - link) Now, in a still-uncertain-situation with the COVID-19 and the presidential elections in the United States, it's is clearly certain that the observers and whales are putting on BTC all the attention they didn't back to the 2017, boosting the bull run and following the Bitcoin's stock-to-flow model (where events like halving have a role in the cycle). Also it's helping all the consolidated (and mainstream) adoption of the cryptocurrency -with one of its most important milestones in the PayPal public adoption- that is extending to other companies and ventures. I suggest, if you have time, to read the full article, but I'll leave the final picture here because can provide an idea about how the things can go from now on: (Source: ZeroHedge's article - link) The millionaire Paul Tudor Jones is telling clients that Bitcoin reminds him the exact role that gold played back to the 1970. Let's see what happen.

Good confirmation, I was expecting some measure like that. This is one of the most delicate moments of its life as exchange, now they have a lot to prove and to reward to get the trust of all its client backs. Thanks to you, I'm happy this topic helped somehow. Totally agree. We already saw more examples about how dangerous, volatile and risky can be these platforms, specially with custodial model. Even if it affects a part of the process, the cases of arrest, escape (take the crypto and run) or decease can affect thousands and thousands of users. I really hope they learn from this experience and put some mechanisms to avoid this to happen in the future. Also, they should do like Binance, jump from China to Japan XD (or any other country where freedom matters) Cheers!

Important update: As precited (regarding the end of November), withdrawals will be re-activated by 27 November this year (maybe sooner, but that's the deadline). The reactions are milder and cheerful, for the time being. My guessing is most of people from the OKEX environment (not necessary family and friends, but closer or more friendly than the average user) is trying to reduce the heavy impact on smaller investors and their harsh feelings against the platform. If things go smooth and people accept the apologies, OKEX will be again in the top 5 easily. A good signal is that OKB token has become bullish since yesterday, growing a16.5% and starting to recover its price after a bearish descend to hell. There is a lot to learn from this experience, specially how fragile can be exchanges when there is some custody keys involved. OKEX always was considered a serious exchange and this situation really downgrade its status and resume. Overcoming this, will be a real fire proof for the exchange. PD: Sorry I attached another post, I just wanted to raise this topic instead of just editing it.

I was surprised when I realized, searching in this forum, there is no information about what's going on with one of the hugest exchanges right now. Just one post that appeared while doing this investigation: OKEX is a company based in Malta, but the headquarters are in Hong Kong. For me, until now, it has been my #2 exchange ever, with great opportunities and promotions using USDT and its own token OKB, offering many financial products and features that configured a steady alternative to other popular exchanges such as Binance. Last October 16th, OKEX announced the withdrawal would be "paused" for a while. A month has passed and the situation remains the same. This affects all the withdrawals and money transferences from the exchange; even the free BTC promotion has hided its "Withdrawal" button. What happened? Something that was clear from the beginning is that it may be somehow related to Chinese government. One of the private-key holders, absolutely necessary for "signing" digitally the transactions performed in the platform, is totally missing, since he was cooperating with a Chinese public security bureau investigation. This fact dramatically stopped all the withdrawal transactions in the exchange, metaphorically "kidnapping" all the crypto assets in its member's accounts due the clausule 8.1 "Service Change and Interruption: We may change the Service and/or may also interrupt, suspend or terminate the service at anytime with or without prior notice." This private-key hoder is Star Xu, Co-founder and CEO of the OK group. Without these keys, authorizations cannot be completed, and this "cooperation with the public security bureau" simply means that he got arrested by the police. Chinese media reported that he was already released from police custody in Shangai and also that the detention was the result of issues with investor forced liquidation and the exchange system response (?) but many people (me included) don't trust media, specially from the black box that China represents sometimes. Rumors travel fast and people are pointing that probably we are in a case of money-laundering, and remains unclear if the implications transcend to Malta, as part of European Union. To confirm these rumors, it has been stated that Star Xu didn't have a single step during 16th October. This fact doesn't mean anything by itself, but means that he is totally uncommunicated, whenever he is, as the register of his mobile phone reveals no movement. Also, his status has remained unknown since then, with no interaction on social media the following days. Star Xu was arrested in the past by Chinese police, last 11 November 2018, but the reason was operating with cryptocurrencies without license. Anyway, according to the Chinese Laws, Xu cannot be held in detention more than 37 consecutive days, so probably until the end of November, this situation will remain. How much it affected the crypto environment? Right now, in the middle of the BTC bull run, with the excellent news about crypto adoption thanks to Paypal, looks it was harmless, but the truth is BTC suffered the consequences, falling even 3% during these days. The worst part, of course, went to OKB token, that suffered a massive selloff: These news state how fragile can be the cryptocurrency environment, vulnerable to cyber-attacks or missing keys that automatically blocks the assets of many investors and traders. We can count many examples and the result are difficult to estimate in loses. Millions? Billions? even more. Whale alert systems, alerted of massive amounts of crypto being moved from the OKEX exchange, but some representatives pointed out the information was misunderstood and the header code wasn't from an OKEX wallet. And how OKEX is handling the situation? They try their best to relax the customers and users, commenting the security improvements they are enhancing during this hiatus. Every 2-3 days, there are new updates on its blog and social media. As you can see, customers are ranting and raging all the time: some of them doesn't know what's going on, they just know they cannot operate normally with their assets and their patience already run out. You can check the answers of the tweet below to have a clear idea of this. I answered to that tweet without knowing all this data I'm sharing with you, mainly because part of my assets are in the OKEX exchange, so I'm directly affected from this prolonged "suspended" situation. They assure our funds are safe and secured, but blocked assets are totally useless in this volatile and changing world. Still, it's good 85% of these assets are in BTC, aggresive hodling here 😄 If you have more information to share, please, post your comments. I'm really curious to determine how much time this situation is going to take, what happened to mr. Star Xu and what will be the expectable and more likely result of these events. Is this the end for one of the biggest exchanges ever? Cheers! and stay safe. Sources: https://www.ft.com/content/8cb937e3-6f42-4110-9361-54bf973e35da https://boxmining.com/okex-suspend-withdrawals/ https://www.financemagnates.com/cryptocurrency/news/okex-suspends-all-withdrawals-indefinitely/ https://cointelegraph.com/news/okex-s-lips-remain-sealed-on-its-sudden-crypto-withdrawal-freeze https://www.coindesk.com/okex-crypto-market-infrastructure https://es.beincrypto.com/fundador-okex-star-xu-arrestado-exchange-no-permite-retiros/

Stick to the BTC, I'm sure it will be real gold in the future, so wait and see. For the time being you can keep some value with it, specially now that is pointing to a possible bullrun. I believe the BTC will keep having value cycles as well, but seems every cycle gets higher value than the last one. Even if there is a great volatility, BTC has the same role as gold, in fact, there is a really interesting comparison about both assets I found on the JM Bullion page: https://www.jmbullion.com/bitcoin-vs-gold-infographic/ Amen to that!

Hello to everyone, It's clear that we are facing difficult times and I have been listening the same words like it was a mantra: "The world in crisis would accelerate the crypto adoption as a safer value than fiat". At the beginning I didn't understand exactly why, even if those words sounded "heavy" and apparently full of common sense. Since then, I have been reading some posts, tweets and reports explaining what's going on with this topic. Until now, the most revealing was this tweet: It's easy to see there is close relationship (inverse) between the Crypto adoption and the level of inflation of the country. There are more factors, of course, but as you may know, in South America there is a growing interest on cryptocurrencies, specially in countries like Argentina (4th on the previous list) or Venezuela, where the inflation has been killing the economy for decades. Recently I read a report on financialmagnates.com talking about this topic and I just discovered someone already pointed this fact in another post: On the other side, and as personal experience, I live in Japan. Here Bitcoin is starting to catch some attention, but until now, cryptocurrencies have been considered not safe or interesting to the average investor or business people (aka salarymen) -- fun fact the BTC anonymous creator signed the paper as "Satoshi Nakamoto"... Now, COVID-19 pandemic situation has escalated into a global crisis, shaking many economies (in some cases, the previous crisis met this new one) and, like in war times happen, people have invested on vault values like gold, trying to avoid losing money and maintain their economic stability. In my opinion there is a proof that BitCoin is "the electronic gold": for weeks, the chart of gold and bitcoin have been following exactly the same moves (sometimes it was really hard to guess which chart gold and which one is BTC). Right now, and within the BTC typical post-halving cycle, seems we are going to reach even higher levels. Understanding this last point, it's logical to conclude that in nations suffering harder crisis effects and consequently boosting the inflation of its currencies, people will adopt crypto much easily than other nations were economy is stable and currency remains strong. Still, as I told many times to my closest friends "hey, guys: cryptocurrencies is the future of the economy, start investing now!". Kind regards!

Well, being a bit evil... But seriously, in my opinion both projects have something to offer. Ethereum has a great value; high fees should be fixed, but the concept and the project itself have enormous potential. It's a great investment for the future: after all, it's the ALTcoin by excellence. I guess TRON found a great inspiration on the ETH project, but improves some aspects (like fees, energy and bandwidth manage, etc...) and also proves huge potential as well. I consider it's a pity that the main usage for TRON Ecosystem are the casinos, but wait and see: I believe it will become a solid alternative for ETH if the project keeps growing at this rate. So, as I usually say...

For me, Paypal was one way to start moving my money in a costless way, avoiding the "real world" step. Everything was done between my bank account and other Paypal accounts; I only needed the mail of the receiver and I was able to send and receive money with 0 additional cost. Of course, as we know "if you don't pay for something is because you are the product", so I guess providing my bank data was the price to pay. Now Paypal is potentially turning into an important node in the communication between real world and crypto space. UpHold and Coinbase were for me those "cheap ways" to turn crypto into Fiat and send it to my bank account; now I guess it's even easier to operate in the real world with your crypto... In some years, probably we will not need the real world for using and saving our money anymore.

That's true. If you are putting your crypto in a exchange is mostly for trading purposes. That's an important point and must be considered when the idea is to make money with scalping or average short-medium term trades. But in many cases, we use exchanges as bridge between our bank account (FIAT) and the crypto world. I don't like to use "buy crypto" options because due its volatility, the prices usually are fixed, outdated or charged with some administrative fees. I'm studying right now, so I stopped dramatically trading; but sometimes I "shake" my crypto, for instance: I saw the DLRS price dropping to 0.00000070 today. I thought "This is a great moment for getting 4000 DLRS and use the InvestBox option." So I transferred around 0.003 BTCs from my saving funds in other platform. I bought the DLRS and I'm waiting patiently a pump while getting some profits on my risky investment. Assuming I turn those 0.003 into 0.0042 BTCs and I decide to put back those funds in the account, where I'm earning passively... moving the BTCs from YoBit has a fixed cost of 0.0012 BTCs, that means I will lose everything I earnt in 10 days (I could have made some profit hodling those satoshis in my savings account). Even if I earn 0.006, I'm loosing almost a 25% of that quantity, and almost the 50% of my initial investment. Well, I'm not working now and also I'm not trading, so I'm trying to do some moves in my free time, avoiding exceptional charges and high fixed costs: I'm a poor guy who holds some crypto and tries to make it a bigger deal slowly...

You cannot make them understand directly. There are some logic steps if it's really needed to make them understand. First of all, if they use credit, you should make them understand that it is a number, like the credit on your balance. Just a number. You never see the real money, the only thing you need to know it's the conversion from that number of BTC to his/her natural currency. If it's not enough, you should try to explain where the value comes from. It's going to sound really "Sci-Fi" to them, but well... if there is luck and they understand that is computational effort spending power, equipment and energy (and speculation and investment...) The hardest part is to explain how to store the money. Still I suggest to talk about credit cards balances in "online accounts". The hardware wallets.. well.. that money is like phone apps 😄 for instance... Be creative and patient. Sometimes it's not even necessary due cryptocurrency will coexist with fiat currencies for long. Only when the society is totally prepared for BTC, it will turn into the real standard, for now it's more an investment value, value vault and trade asset than a currency for paying the bills or shopping. Good luck 😉

TRX is another good option, transferring from Binance to my wallet costed 1 TRX as withdrawal fee, no matter if you are transferring 100 or 10.000 TRX. Still USDT beats that in case of Binance and OKEX. I'll check XLM next time I have to transfer, I want to compare. Thanks 😉

Note: I was considering to create a tutorial about how I minimize the withdrawal fees when operating with BTC and my first option was posting on "Tutorials", but due this is something that is mainly useful regarding exchanges, I finally posted here. Please, mods and admins, if you consider I should move this post, let me know. Greetings, everyone. Since I had to move some funds between exchanges, I started to study the best strategy to make every move the less costly as possible. Here are the results of my research. Some considerations before starting: Exchanges are the best option to earn money active and sometimes passively. Trading provides great profit to those who knows how to make a correct interpretation of the charts, and have enough capital to invest and trade safely (this is, without compromising most of it and only assuming risks on the quantity you are willing to lose and you don't really need for living) Exchanges shouldn't be considered wallets. Most of us have our capitals in exchanges because value volatility (we want to sell when as soon as possible in case the price drops) and this is a common error. There are cases like KuCoin or BitFinex that shows greatly the impact of hackers and cyber-attacks on the exchanges. I suggest you to check some articles about this issue, for instance this cointelegraph magazine one (note it's a bit outdated, due considers KuCoin an unbeaten exchange) Once said this, here we go. As you may know, most of exchanges have features that make them unique. Some are easier (in terms of price, conditions and interface), others offer better advantages, saving and stacking benefits, discount using the exchange currency and multiple promotions, pools, launchpads, etc. Because of this, many times we will need to allocate different funds in more than one exchange and transfer part of our funds from one to another. The problem is, transferring BitCoin (among other coins like ETH) is getting expensive. The fees are fixed in most of cases and I had the problem that fees represented sometimes even a 50% of the quantity I wanted to send. In some cases, if the exchange is not in the top 25, those fees are specially high, as a way to prevent the liquidity leak. A strategy is needed, so first of all; know all the fees from the exchanges you are operating with. I recently found this list, I missed some of my exchanges, but I can tell it's real data. As for me, I operate with Binance, OKEX, Coinbase, YoBit and Crex24. The reason is because some rare coins I hodl can only be found listed in some of them. But I also want to move my crypto to wallets, farms, hodling, casinos or whatever, so the logical steps I found are: Identify the best cash-out platform. Once you get in, you should consider that before putting your crypto out the exchange environment, that exchange would be the platform to send it to anywhere. In my case, as for BTC, is Coinbase. For months, I believed it was too expensive, but then I realize that paying between 1.5 and 2 dollars (depending on the quantity, it can be bigger amount but always according to the volume you are sending) is fair enough to me. If you want to transfer between exchanges OR if the place we are going to send crypto can easily convert from one currency to another, consider some low withdrawal fee options. My personal options are: USDT - If the exchange allows the TRC-20 network, the cost is free most of times. For sending between Binance and OKEx is my option #1: there is no fee. In other Exchanges such Crex24 and YoBit, it's an option I totally discard: prices goes from $5.2 to $6. Ripple - XRP is one of the most popular ways of moving BTC capitals due the low fee of transactions. In my case, sending from Binance or Yobit to Coinbase (due Coinbase doesn't have USDT listed) is the clear solution; fees goes between 0.25 to 0.5 XRP (roughly $0.06-0.12) minimizing costs. EOS - Sometimes, EOS has even cheaper fees than Ripple. It's worth checking which is the best option. Use always trade option and pay the price (trading fees and small price differences). Don't wait too much: once your funds arrive, even if there is a gap on the price (you'll realize between exchanges prices on charts are slightly different) convert it to the destination coin. Yes, if you wait a while and coin is uptrending, you can recover a good part of the fee or even earn some money, but most of times you'll pay higher fee than expected. Try to simplify as much as possible, I had really hard times trying to find the best strategy and finally could made 3 simple steps for reducing fees. I hope it really helps, I was thinking this is maybe too basic and most of you guys have your own ways (with similar steps). If it does, don't forget to leave your feedback and any strategy you think it can be useful or worth considering; the goal is not loosing too much money. Cheers!