[Proposal] Forum Improvement - About Forum - CryptoTalk.Org Jump to content
Whited35

[Proposal] Forum Improvement

Recommended Posts

Hello Forum Administration & Cryptotalkers, 
As I trust the forum administrators, I hope you have been still doing your best to make the forum the excellent than it was ever before. I believe, the system upgrade process is ongoing to prevent spammers from getting the wrong benefits off this forum. 
If it is still possible to implement some features proposed below, it will be fine but it is not necessary to implement all the things if it is practically impossible. 

 

Basic changes in the system:
1.Add more options in the "Report Post" feature. It will save time for both reporters and moderators.

1205930546_Screenshot(5).png.c9e61022aca598eb2311c68be8817748.png


2.Add the "Report user" feature in the profile by letting reporters explain the reasons in the box. There were so many bots to generate nonsense posts and some malicious users were creating the paraphrased stuffing posts so just the "Report Post" feature won't work in this case. In addition, complaining about such cases by sending PM to moderators is appeared to be complicated in some cases because moderators are looking busy. 

855260537_Screenshot(10).png.091cfa25ccc3347938a7b8091616329a.png


P.S. Also allow reporters to attach screenshots as proof.
3.Add new sections for "NFT", "Blockchain Gaming", "Fake Project Alert", and "Blockchain Developers"

P.S. In the case of "Fake Project Alert" post creators have to add convincing proof before accusing some projects to be scams.

 

Technical implementation:
I don't think, the following features will add an extra load to the servers. 
1.Add forum rules in the Pup-Up window for the new users mentioned in this
post and this sort of feature will also help to make a large number of users to be responsible. 
In your existing system, add "Phone number" verification to prevent so many fictional accounts of the same users. 
2.This time, please review your "Ranking" and "Leaderboard" system by adding more parameters like the number of quality topics, activities made throughout the day, and total time spent on the platform for the interaction with so many issues.
3.You have released your own TALK tokens so I think you will be still rewarding your contributors. So by improving your system, I think you will be still welcoming the global members so I propose a different level-based reward system.

  • Level 1:-The members at this level will be earning the basic amount. They are, new members and medium-quality post creators having less than 5 useful created topics.
  • Level 2:-At this level, members must have to spend an average of 2 hours per day on the forum and should have more than 5 useful topics and they have to apply for the level 2 rewards and administrators/moderators can approve them as @Bigpat did it before.
  • Level 3:-At this level, members must create at least 15 useful topics and they have to spend an average of 4 hours per day on forums with the recognized activities.
  • Level 4:- At this level, members have to assist moderators to combat against the spammers with an average of 6 cases per day(with an average of 5 hours spent per day) and should create more than 45 high-quality topics.

 

P.S. Administrators can add more parameters here like total posts and reputations counts for each level. The forum staff can approve each member before enabling the rewards.

Determine the total permissible quota for the new users to join the forum per day says 10 quotas per day. It will help to keep the forum's eco-system at the balanced stage because there could be the same number of banned or restricted users per day. In this case, I think no countries need to be restricted. We can welcome potential members from all around the world.

 

Content quality improvement:

  • I reported so many paraphrased contents from the spammers. You might blacklist some words which are generated by using the paraphrasing tools. Such posts will be hidden from the system and moderators will be reviewing such posts to punish the cheaters.
  • Adjust the system to automatically block contents having less than 300 characters.
  • I see the majority of members are joining the forum to create non-crypto posts especially in the first two sections of this forum and I think that sort of activity isn't looking productive. You might add a feature to prevent certain ranked members to create excessive posts in such sections.

 

Wrapping up..
The proposal is already getting long but I still have to say something regarding the use-cases of the TALK token, it will be in the future. If the prescribed things are implemented on this forum, it will be one of the top-ranked and healthy crypto communities with reduced spammers. Any thoughts on this proposal are highly appreciated.
 

Thank You😊!

  • +5 9

 

 

Share this post


Link to post
Share on other sites

Wow, I am already anticipating how much we will grow if all of them got implemented. The most I loved is the reward based on the level and there must the minimum active hours to get such as you have mentioned. Otherwise there are many people who will take this forum as work and finish their job in 1 hour take payment and fade away after the payment is made.

Also, I was asking for KYC as mandatory and even if it is difficult, phone verification will work at some extent. And, I would like to add something here, If there is phone verification mandatory for the phone number of US and Canada, Special supervision should be done because there are many applications that are free and are providing unlimited phone number of these countries for the verification.

Talking about adding more sections  it would be really good because I already have my post in those topic and it would be nice if they got special place.

This time, I would love if the forum administration makes the payment going to the right hands who is really working hard and payment for the accounts must start only after the manual review by the mods for the new accounts.

@Desais Sorry for the disturbance but I think you really should check  this proposal and if possible please give your thoughts regarding this.

  • +5 1

NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

Share this post


Link to post
Share on other sites

You may also add that certain members should also be given the right to moderate their own topics, as elaborated on by @hexwin on this one. There are many other good suggestions over the almost couple of years this forum is alive, so now should be a good time to review those suggestions.

 

11 hours ago, Ridam said:

Talking about adding more sections  it would be really good because I already have my post in those topic and it would be nice if they got special place.

If it's about additional language sections, I think they need to hire a new mod first, specifically for that section alone. Imagine translated copy/paste contents (other than English or Russian) being passed off as originals. Our current mods might find it difficult to track those 😂 .

 

  • +4 1

 

New to the Cryptotalk forum? Here's something that might help you get started:

https://cryptotalk.org/topic/24401-forum-tutorials-tips-and-tricks-for-newbies-compilation/

 

Share this post


Link to post
Share on other sites
1 hour ago, kyoukage01 said:

If it's about additional language sections, I think they need to hire a new mod first, specifically for that section alone. Imagine translated copy/paste contents (other than English or Russian) being passed off as originals. Our current mods might find it difficult to track those 😂 .

 

I mean the topic whited has mentioned above in his post. NFT or Blockchain Gaming or Blockchain developer.

And talking about more language, I think it is not worthy right now in my view. It is like few members alive after the big apocalypse. :classic_smile: Even in international forum i.e EN there is almost dead activity so if new languages are added right now there would be only extra work and waste of time for forum administration. 

 


NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

Share this post


Link to post
Share on other sites
On 7/6/2021 at 9:33 PM, Ridam said:

Also, I was asking for KYC as mandatory and even if it is difficult, phone verification will work at some extent. And, I would like to add something here, If there is phone verification mandatory for the phone number of US and Canada, Special supervision should be done because there are many applications that are free and are providing unlimited phone number of these countries for the verification.

Yes, enabling KYC might put extra pressure to handle the users' sensitive data. If any sort of data leakage reported, a huge amount should be paid in fine. In addition, collecting KYC data is an expensive process. Mobile verification along with location verifiction by tracking through the web can be extra solutions.

On 7/7/2021 at 9:05 AM, kyoukage01 said:

You may also add that certain members should also be given the right to moderate their own topics, as elaborated on by @hexwin on this one. There are many other good suggestions over the almost couple of years this forum is alive, so now should be a good time to review those suggestions.

We might dig into the older but the useful suggestions prescribed by the older members. They can be useful if administrtion has missed to consider them. You are free to add links to such posts here😊

Edited by Whited35
  • +4 1

 

 

Share this post


Link to post
Share on other sites

Actually the main problem in this platform is spammers and if you think @Whited35 we have report many spammers but they are creating more accounts if you mentioned some of lines about this problem that will quite good like if a member catch in spamming, copy/paste they will not be able to get another account then everyone will work hard and will be working for this platform by the way your words are useful and hope we will get such updates soon..

  • +2 1

Share this post


Link to post
Share on other sites
15 hours ago, Ridam said:

@Desais Sorry for the disturbance but I think you really should check  this proposal and if possible please give your thoughts regarding this.

Don't apologize, I'll gladly read all the proposals and BTW use more "summon" by username, as you did above, so that it would be easier for me to pay attention to such important things.

21 hours ago, Whited35 said:

1.Add more options in the "Report Post" feature. It will save time for both reporters and moderators.

A good suggestion and this functionality is already built into the forum, we thought about expanding the options for the report, but I always look at the comments on the report or the message, and last but not least, at the option, since it is highlighted in the interface in a very dim color. If it will be easier for you and other users, we will expand the reporting options, I think that in some cases, when it is spam or a referral link, these options can really make life easier for us and for you.
P.S. Already added, you can use 😏

21 hours ago, Whited35 said:

2.Add the "Report user" feature in the profile by letting reporters explain the reasons in the box. There were so many bots to generate nonsense posts and some malicious users were creating the paraphrased stuffing posts so just the "Report Post" feature won't work in this case.

You can just send a report to the person's message and just fully describe all the violations in comment to the report. For example, in the Russian branch users often send in comment to the report a link to the original message on the forum and to the bot that simply copied this message, you can also insert a link to the screenshot there, but there is no function to send a screenshot.

21 hours ago, Whited35 said:

3.Add new sections for "NFT", "Blockchain Gaming", "Fake Project Alert", and "Blockchain Developers"

A good suggestion, we will discuss this and maybe some of these sections will get life on our forum.

Tomorrow I will continue to study your suggestions and try to comment.

Edited by Desais
  • +3 2
  • +5 3

Share this post


Link to post
Share on other sites

@Whited35

I must to admit that I'm not much surprised with this changes, because all of this we already do without this changes. Dont get me wrong (mods and admin too) but for example for reporting we have to write comment why we report member and for reporting member (like button on member profil) we have whole topic about that:

Like I say dont get me wrong, but I dont see point.

For example @Ridam write "wow" mentioned KYC (:classic_blink:)...

"wow" for me will be when plans for talk token will be realized for example, and about KYC (again :classic_blink:) Yobit dont have KYC but forum to have (nonsense)...

 

OK my suggestion to give reward for members which report spam did not receive attention.

I have another suggestion, to increase minimum posts for payment, for example new members must to write 300 posts and 10 topics (or at least 5) to start to get payments (P.S. to start not to get for that posts/topics too).

That will give a time to mods and members to check that member if is a spammer. Simply and easy.

 

If I put aside that I dont see point of this changes, it's good to see that something is happening on forum.


yobit_logo.png.7ce6c90eb02ab009752998fdcd25cf91.png

Share this post


Link to post
Share on other sites
1 hour ago, BullRunBit said:

Like I say dont get me wrong, but I dont see point.

For example @Ridam write "wow" mentioned KYC (:classic_blink:)...

"wow" for me will be when plans for talk token will be realized for example, and about KYC (again :classic_blink:) Yobit dont have KYC but forum to have (nonsense)...

Comparing the exchange with the forum is not a good idea in my opinion. The administration has to accept according to the situation and if there is need of KYC . they must go for it. There is no point on saying, "ah yobit has no KYC, we should do the same in CRYPTOTALK". You can't exchange your coins here in the forum and you can't post in yobit. 

Talking about the Talk plans, I have made the article about it a long time ago. Because I have already realized that the supply is increasing and using ROT it is easy to anticipate that the price will decline. We have to give the administration time and developers have to programmer every line of code. So, it takes time and it isn't a big deal at least for me if they are taking time. I have given my suggestions and it is my duty to wait. They have mentioned about the plans for talk token several time so I am sure they knows more about the utility more than you and me.

1 hour ago, BullRunBit said:

For example @Ridam write "wow" mentioned KYC (:classic_blink:)...

Well, I wrote WOW because I understand the underlying reasons for the talk token price to plummet. The reason is simple, talk token is being earned by scammers and newbies and they are dumping their 1$ worth talk token making the price go down everyday. The simple solution is a manual verification for the payment to start or the KYC. After KYC 90% of problem will be gone and spammers will eventually stop because of this.

Lastly, I am surprised that people are arguing with my expression to someone else view. I do support and love the proposal of whited and had write that. 
If you have your own proposal then, Please write about it with proper explanation from both front end and backend. You may get another WOW from me. XD


NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

Share this post


Link to post
Share on other sites

@Ridam

- I can not believe what you talking about... :classic_blink: (I'm in disbelief)

You really want to give your personal informations to be member of forum?

I don't want to discuss this anymore.

- I don't want to discuss more about talk token plans too, because we can only wait.

22 hours ago, Ridam said:

Wow, I am already anticipating how much we will grow if all of them got implemented.

I have to quote you, obviously you forgot what you say...

How I understand topic is about new functions on forum (most for reporting), and you now talking about "WOW" for talk token price? 

 

Point is, that we dont need KYC to stop spam we only need "something" which will make harder to spamming on forum. For example suggestion which I write above, that to start with payments you need to write 300 posts and 5 or 10 topics and that will show is it new member spammer. For example, did you see that some old member spamming? No, because spammer are blocked and they create new profil and start again. Again point is to make it harder.

  • +5 1

yobit_logo.png.7ce6c90eb02ab009752998fdcd25cf91.png

Share this post


Link to post
Share on other sites
7 hours ago, Desais said:

P.S. Already added, you can use 😏

Great, it is implemented so quickly 😊 ! It will make the things easier, thanks for your consideration. 

1512560124_Screenshot(1).png.ae3d6f1fa7414664728e11f00df7676a.png

7 hours ago, Desais said:

You can just send a report to the person's message and just fully describe all the violations in comment to the report. For example, in the Russian branch users often send in comment to the report a link to the original message on the forum and to the bot that simply copied this message, you can also insert a link to the screenshot there, but there is no function to send a screenshot.

There is special thread but it is not looking effective to report users due to following reasons:

  • Some scammers create stuffing posts and excessive paraphrasing of texts. I have found members having more than 90% spam posts in their profiles, if such "Report User" button is enabled, you will be receiving notification. It will be a private and safer way to combat scammers effectively. 
  • The comment will be public to the thread and scammers start to take revenge against reporters by creating the multi-accounts, I have so many such experiences to report to yourself and @epidemia for justice.
  • The thread itself has certain limitations as it is specially designed for plagiarized texts reports.
8 hours ago, Desais said:

Tomorrow I will continue to study your suggestions and try to comment.

Awaiting for it, as I have proposed new reward system in which users have to spend time on forum to claim the rewards, I think it will be helpful for the healthy community. 

4 hours ago, BullRunBit said:

@Whited35

I must to admit that I'm not much surprised with this changes, because all of this we already do without this changes. Dont get me wrong (mods and admin too) but for example for reporting we have to write comment why we report member and for reporting member (like button on member profil) we have whole topic about that:

Friend, I have just covered it. Try to get crux of matter why I am focused to combat against spammers first. So you are appeared to be venting frustration regarding the TALK tokens, it is weird. If you have lack of patience taking ability, I have nothing say here. 

4 hours ago, BullRunBit said:

Like I say dont get me wrong, but I dont see point.

For example @Ridam write "wow" mentioned KYC (:classic_blink:)...

"wow" for me will be when plans for talk token will be realized for example, and about KYC (again :classic_blink:) Yobit dont have KYC but forum to have (nonsense)...

It is freedom of user to use express gratitude or something else. I have seen no point, you have made just a word "WOW" as a standpoint !! He has just shared his opinions reagrding KYC, you can do it too 😊

  • +5 1

 

 

Share this post


Link to post
Share on other sites
1 hour ago, BullRunBit said:

Point is, that we dont need KYC to stop spam we only need "something" which will make harder to spamming on forum. For example suggestion which I write above, that to start with payments you need to write 300 posts and 5 or 10 topics and that will show is it new member spammer. For example, did you see that some old member spamming?

Half information is always harmful. There has been several cases in the forum in which the so called old and reputed members have been using many multiple accounts to cheat and get the talk tokens. I don't like to name them but if you were active then you must have known who are they and their multiple accounts with quality content.

If you still think, old members don't spam then please recall your memory. If you don't want KYC, it doesn't mean everyone should go with you. I see that as an option and it is up to the administration to take decision not the member to decide and correct.

1 hour ago, BullRunBit said:

I have to quote you, obviously you forgot what you say...

How I understand topic is about new functions on forum (most for reporting), and you now talking about "WOW" for talk token price?

That new functions(same KYC) will help to improve the price of talk token. I think you haven't read my comments so you can't find any relation between them.

  • +4 1

NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

Share this post


Link to post
Share on other sites
20 hours ago, Ridam said:

I mean the topic whited has mentioned above in his post. NFT or Blockchain Gaming or Blockchain developer.

Oh, ok I missed that. Thanks for the correction.

 

About blockchain gaming, wasn't there a time where there was a Gaming subsection in the Off Topic section? That section got very few activity, so maybe that is the reason why it was eventually removed. If the Blockchain Gaming section is ever going to be implemented, let's just hope it won't share the same fate as the previous subsection.

 

18 hours ago, Desais said:

P.S. Already added, you can use 😏

FINALLY!!! @hexwin and @Consignee should see this! 😍

 

But how about reputation cheating? Or other offenses not on the list? The "Others" option is missing now.

 


 

New to the Cryptotalk forum? Here's something that might help you get started:

https://cryptotalk.org/topic/24401-forum-tutorials-tips-and-tricks-for-newbies-compilation/

 

Share this post


Link to post
Share on other sites
19 hours ago, Whited35 said:

Friend, I have just covered it. Try to get crux of matter why I am focused to combat against spammers first. So you are appeared to be venting frustration regarding the TALK tokens, it is weird. If you have lack of patience taking ability, I have nothing say here. 

No I'm not frustrated, just I would not like that talk token becomes one more investbox token that is all.

Is that bad? Think about that. :classic_wink:

19 hours ago, Whited35 said:

It is freedom of user to use express gratitude or something else. I have seen no point, you have made just a word "WOW" as a standpoint !! He has just shared his opinions reagrding KYC, you can do it too 😊

... I dont know what to tell you.

Of course that he can share his opinions that is normal right? This is forum after all.

And I can share my opinion that I dont see point in his "suggestion" right?

And? :classic_huh:

18 hours ago, Ridam said:

Half information is always harmful. There has been several cases in the forum in which the so called old and reputed members have been using many multiple accounts to cheat and get the talk tokens. I don't like to name them but if you were active then you must have known who are they and their multiple accounts with quality content.

And where is that old members? Banned right?

About new members, I write suggestion (my opinion).

That "quality content" you check by checking how that member write. Think about that. :classic_biggrin:

18 hours ago, Ridam said:

That new functions(same KYC) will help to improve the price of talk token. I think you haven't read my comments so you can't find any relation between them.

Yes you are right, I can not find any relation between KYC and forum. :classic_biggrin:

 

Anyhow, "great" discussion. :classic_biggrin:


yobit_logo.png.7ce6c90eb02ab009752998fdcd25cf91.png

Share this post


Link to post
Share on other sites
On 7/6/2021 at 1:02 PM, Whited35 said:

1.Add forum rules in the Pup-Up window for the new users mentioned in this post and this sort of feature will also help to make a large number of users to be responsible. 

We have thought about this, but there is no such functionality, if it possible, then we will do it.

On 7/6/2021 at 1:02 PM, Whited35 said:
  • Level 1:-The members at this level will be earning the basic amount. They are, new members and medium-quality post creators having less than 5 useful created topics.
  • Level 2:-At this level, members must have to spend an average of 2 hours per day on the forum and should have more than 5 useful topics and they have to apply for the level 2 rewards and administrators/moderators can approve them as @Bigpat did it before.
  • Level 3:-At this level, members must create at least 15 useful topics and they have to spend an average of 4 hours per day on forums with the recognized activities.
  • Level 4:- At this level, members have to assist moderators to combat against the spammers with an average of 6 cases per day(with an average of 5 hours spent per day) and should create more than 45 high-quality topics.

There are very good ideas and sometimes I agree with them, but I think it is not entirely correct to force a person to spend a certain fixed amount of time on the forum (2-3-5 hours). All the same, this is a forum and people must decide for themselves how much time they are ready to spend, but I agree that there should be a progression in the levels.
We also agree that the rating system needs to be revised. As I said before, it will most likely work like this "first you will have a basic level of payment, then you submit an application to the moderators and after checking we will raise it" and so on.

 

On 7/6/2021 at 1:02 PM, Whited35 said:

I reported so many paraphrased contents from the spammers. You might blacklist some words which are generated by using the paraphrasing tools. Such posts will be hidden from the system and moderators will be reviewing such posts to punish the cheaters.

We often add words to the blacklist, if you have certain words that you would like to add to the blacklist, then let us know 😉

 

On 7/6/2021 at 1:02 PM, Whited35 said:

Adjust the system to automatically block contents having less than 300 characters.

Unfortunately, even my answers often have <300 characters)

____________________________

I also want to say that it is possible to make edits to the forum code, but its core is often updated to new versions, then all edits that will be made to templates, etc., will need to be made anew, which makes it difficult to work. The newer versions of the core already has achievements and badges and we are waiting checking from the technicians and installation, but it takes time.

  • +1 1
  • +4 1
  • +5 2

Share this post


Link to post
Share on other sites
12 hours ago, Desais said:

There are very good ideas and sometimes I agree with them, but I think it is not entirely correct to force a person to spend a certain fixed amount of time on the forum (2-3-5 hours). All the same, this is a forum and people must decide for themselves how much time they are ready to spend, but I agree that there should be a progression in the levels.

Thanks, any sort of implementation better than this can be fine😉BTW, I came into the conclusion of putting time limit after noticing excessive numbers of the stuffing posters. They came with the new cheating techniques ie. smart cheaters do not create all posts in the same section in 1 hour but they create stuffing posts in different section within 1 hour and rush away and it is hard to detect without visiting their individual profiles. You know, stuffing posters are the problem for healthy discussions.

Anyway, if it is practically not a better option can we add spent time stat for the Leaderboard and Ranking system? I think it is not a good idea for treating Topic creators and cryptic reply creators because topic cretors have to spend more time to give the best on  forum and good topics keep giving a life for forum. 

12 hours ago, Desais said:

We often add words to the blacklist, if you have certain words that you would like to add to the blacklist, then let us know 😉

No worries, I will pass you all the words in PM. I cannot disclose them in public thread to encourage spam army 😁!

12 hours ago, Desais said:

Unfortunately, even my answers often have <300 characters)

Lol, not all of your answers are <300 characters 😁 Can not we set exception for some cases? Generally, forum does not deserve the cryptic answers (<300 characters with generic phrases) in a healthy discussion thread and most of cat fishes were there for stuffing posts <300 characters for almost all the posts. 

12 hours ago, Desais said:

I also want to say that it is possible to make edits to the forum code, but its core is often updated to new versions, then all edits that will be made to templates, etc., will need to be made anew, which makes it difficult to work. The newer versions of the core already has achievements and badges and we are waiting checking from the technicians and installation, but it takes time.

Oh, I understand the technical difficulties but if you have already worked for it, I hope forum system is gonna be far more better than this. 

Anyway, @Desais Do you have any plan of bringing mobile app for this forum? If you bring an app, ads might generate the extra revenue for the development of this forum, what do you think ? 


 

 

Share this post


Link to post
Share on other sites

@Whited35

Sorry if I jump in into your discussion but I must to write about what you say.

Man, you want to make members to stay on forum. And you think that is ok?

Why not to putt some limit, for example you can write only 5 or 10 post in 1 hour that would be a little more flexible right? Not that members "must" to stay 2,3,5 hours.

About 300 and more characters, did you noticed that you write posts with 300 and more characters?

It's ok minimum (100) but maximum... For example, I have posts when I write reply to 2-3-4 members and such a posts have probably more than 300 characters.

And about last part, do you know that all members of this forum use Yobit exchange?

And that talk token is only on Yobit exchange?

Think about that. :classic_biggrin:

Plus there are topic about mobile app which did not get attention at all.


yobit_logo.png.7ce6c90eb02ab009752998fdcd25cf91.png

Share this post


Link to post
Share on other sites

 

22 hours ago, BullRunBit said:

Man, you want to make members to stay on forum. And you think that is ok?

What do you mean ? I have not forced anyone to stay on this forum but I wish to see members staying here for the healthy discussions. 

22 hours ago, BullRunBit said:

Not that members "must" to stay 2,3,5 hours.

It is for the reward system and just my personal opinion and there is better elaboration in my previous reply. Read it. 

22 hours ago, BullRunBit said:

About 300 and more characters, did you noticed that you write posts with 300 and more characters?

Where are you watching !! Can you see the underlined words once again ? 

1502713813_Screenshot(2).png.02b91cf77a2b2275b4655b0dc2d51a12.png

This is all about the new implementation that's why it is tagged as "Proposal". Certainly, I have some posts less than 300 characters because previous rule is for 100 characters but despite such rule, I have most of the posts having 300+ characters. Weird once again, why to act personally ? 

22 hours ago, BullRunBit said:

And about last part, do you know that all members of this forum use Yobit exchange?

And that talk token is only on Yobit exchange?

Think about that. :classic_biggrin:

Which last part? Stop "Off-topic" please !! We are not talking about TALK tokens and its exchange in this thread. 

22 hours ago, BullRunBit said:

Plus there are topic about mobile app which did not get attention at all.

Kindly, stop baseless statement here! Administrators listen the constructive feedbacks of users. They have done for my so many feedback. It is up to administrator's decisions, not yours 🙏 !

Thanks. 

Edited by Desais

 

 

Share this post


Link to post
Share on other sites

 

18 hours ago, Whited35 said:

It is for the reward system and just my personal opinion and there is better elaboration in my previous reply. Read it. 

I dont care, just dont see point that members "must" to spend 2,3,5 hours daily. My suggestion is better. :classic_wink::classic_laugh:

18 hours ago, Whited35 said:

Where are you watching !! Can you see the underlined words once again ? 

1502713813_Screenshot(2).png.02b91cf77a2b2275b4655b0dc2d51a12.png

This is all about the new implementation that's why it is tagged as "Proposal". Certainly, I have some posts less than 300 characters because previous rule is for 100 characters but despite such rule, I have most of the posts having 300+ characters. Weird once again, why to act personally ? 

What is wrong with you? Why you think that is all personally? I just write example that is all. :classic_blink:

And about 300+, I dont have a time to write you more examples read again (if necessary 2,3,5x times) previous post and try to understand.

18 hours ago, Whited35 said:

Which last part? Stop "Off-topic" please !! We are not talking about TALK tokens and its exchange in this thread. 

:classic_blink: You really dont understand nothing...

I'm talking about fees and using Yobit exchange (revenue)!

18 hours ago, Whited35 said:

Kindly, stop baseless statement here! Administrators listen the constructive feedbacks of users. They have done for my so many feedback. It is up to administrator's decisions, not yours 🙏 !

Thanks. 

"They have done for my so many feedback" :classic_laugh:

You want to bet?

KYC- NO

300+ - NO

Mobile app - NO

 

I really dont see point to continue this "discussion".

Edited by Desais

yobit_logo.png.7ce6c90eb02ab009752998fdcd25cf91.png

Share this post


Link to post
Share on other sites
On 7/8/2021 at 11:41 PM, Desais said:

There are very good ideas and sometimes I agree with them, but I think it is not entirely correct to force a person to spend a certain fixed amount of time on the forum (2-3-5 hours). All the same, this is a forum and people must decide for themselves how much time they are ready to spend, but I agree that there should be a progression in the levels.

Desais does have a point here. Payments for posts should be restricted and may be even increased to 300+, but we shouldn't get penalized either for posting less than the required characters as long as we add to the discussion and haven't broken any rules otherwise. Forumers should have the freedom to choose without the fear of being blocked/banned outright. Follow the strict guidelines for payment options, fine. Don't follow, but still being able to post decent comments? Fine, but you won't get paid for posts either 😁 .

 

@Desais

On 7/8/2021 at 9:47 AM, kyoukage01 said:

But how about reputation cheating? Or other offenses not on the list? The "Others" option is missing now.

Still no "Others" option. 😅

Why was it removed anyway? A bit of an oversight, perhaps?  Whoops, my mistake. There really wasn't such an option in the first place, sorry 😔 . But it would be nice if "Others" will be added to the list.

 

Edited by kyoukage01

 

New to the Cryptotalk forum? Here's something that might help you get started:

https://cryptotalk.org/topic/24401-forum-tutorials-tips-and-tricks-for-newbies-compilation/

 

Share this post


Link to post
Share on other sites

@Whited35 @BullRunBit 
I want to say that this is a topic for suggestions, but you can also comment on the suggestions of other users in this topic , you can agree or disagree with them, but let's conduct a dialogue calmly without ridicule and insults. We don't prohibit expressing our thoughts, but don't attack each other, if the discussion becomes too hot, it is better to transfer it to PM.

 

On 7/9/2021 at 7:12 AM, Whited35 said:

Lol, not all of your answers are <300 characters 😁 Can not we set exception for some cases? Generally, forum does not deserve the cryptic answers (<300 characters with generic phrases) in a healthy discussion thread and most of cat fishes were there for stuffing posts <300 characters for almost all the posts. 

 

5 hours ago, kyoukage01 said:

Desais does have a point here. Payments for posts should be restricted and may be even increased to 300+, but we shouldn't get penalized either for posting less than the required characters as long as we add to the discussion and haven't broken any rules otherwise. Forumers should have the freedom to choose without the fear of being blocked/banned outright. Follow the strict guidelines for payment options, fine. Don't follow, but still being able to post decent comments? Fine, but you won't get paid for posts either 😁 .

I'll answer two messages at once.
In different languages, the same sentence may have a different number of characters, for example, in Russian sentences, words contain much more characters than in English, and therefore we pay attention to the constructiveness of the message and not to the number of characters. We follow in the rule that messages must contain> 100 characters, but if a person answered and his message is 88 or 90 characters, we will not punish him and delete if the message is constructive.
I understand that almost bots and spammers write in the range of 100-150 characters, this is actually clearly visible and we try to delete them, but we cannot tell users "write> 150 characters or 200". When answering, people don't check them for the number of characters and we don't want to put them in a rigid frame. But perhaps we can make that very short messages won't pay.

On 7/9/2021 at 7:12 AM, Whited35 said:

Oh, I understand the technical difficulties but if you have already worked for it, I hope forum system is gonna be far more better than this. 

Anyway, @Desais Do you have any plan of bringing mobile app for this forum? If you bring an app, ads might generate the extra revenue for the development of this forum, what do you think ? 

As I said earlier, the forum is quite well adapted for mobile devices and need for the application is not so big, but in the new version we were told about the application, but I did not specify this mobile or desktop application, so everything is possible )

17 hours ago, BullRunBit said:

You want to bet?

KYC- NO

300+ - NO

Mobile app - NO

KYC - no, this is a cryptocurrency forum and people value their anonymity and privacy and I think many will not want to provide their data. Perhaps the technicians will come up with some additional confirmation with the help of the phone or other functions to restrict spammers.
300+ - no
Mobile app - I will clarify which application was said to be mobile or desktop, and if it works well and will test, then it will appear in the future.

 

5 hours ago, kyoukage01 said:

Still no "Others" option. 😅

Why was it removed anyway? A bit of an oversight, perhaps?  Whoops, my mistake. There really wasn't such an option in the first place, sorry 😔 . But it would be nice if "Others" will be added to the list.

Write a complete list of what options you would like to see there.

  • +5 2

Share this post


Link to post
Share on other sites
7 hours ago, Desais said:

We don't prohibit expressing our thoughts, but don't attack each other, if the discussion becomes too hot, it is better to transfer it to PM.

Constructive criticism can be welcomed as you have offered freedom in expressing ideas on this forum. Kindly check the response, I have still maintained politeness. But what about the personal attack by mixing up off-topic lines and showing the fault in one's ability?

On 7/9/2021 at 7:56 PM, BullRunBit said:

:classic_blink: You really dont understand nothing...

Read it again. Does it mean I know everything 😉? I am still undergoing for the learning process. 

On 7/9/2021 at 7:56 PM, BullRunBit said:

What is wrong with you? Why you think that is all personally? I just write example that is all. :classic_blink:

Nothing wrong with me especially in this thread, as it can be observed by all community members, I do not wish to say more on it. 

On 7/9/2021 at 7:56 PM, BullRunBit said:

"They have done for my so many feedback" :classic_laugh:

You want to bet?

KYC- NO

300+ - NO

Mobile app - NO

I have not talked about KYC implementation so it does not make the sense. Regarding 300+ characters, there is already official elaboration from Desais, why to prolonge the issue ? 

On 7/9/2021 at 7:56 PM, BullRunBit said:

I really dont see point to continue this "discussion".

Exactly, I also wish the same because no point to counter-comment on the issue other than the core matter of discussions 😉

7 hours ago, Desais said:

I'll answer two messages at once.

Detailed and satisfactory answers that I intended to get. Thanks for mentioning everything so nicely. As a member, I just suggested them 😊 I hope you are working for the better solutions and everyone is expecting so.

7 hours ago, Desais said:

Mobile app - I will clarify which application was said to be mobile or desktop, and if it works well and will test, then it will appear in the future.

Eagerly waiting for the next announcements 😉

Edited by Whited35

 

 

Share this post


Link to post
Share on other sites
1 hour ago, Desais said:

KYC - no, this is a cryptocurrency forum and people value their anonymity and privacy and I think many will not want to provide their data. Perhaps the technicians will come up with some additional confirmation with the help of the phone or other functions to restrict spammers.
300+ - no
Mobile app - I will clarify which application was said to be mobile or desktop, and if it works well and will test, then it will appear in the future.

KYC - That I'm talking about whole time.

About phone verification, can be a good but there are "holes" in that too.

Mobile app - Ok somehow I understand need for a mobile application, because probably some members use mobile to write on forum and app will make it easier for them. But how many members will use that app that is question.

One more thing, reputation system is... (searching for word) in least not functional.

I saw member which have around 2k posts and around 12k reputation points. :classic_huh:

It should be something like give/remove, if you give point that point will be removed from your reputation points and it would somehow balance whole reputation system.

 

P.S. You can see above who wants to continue the discussion. :classic_dry:


yobit_logo.png.7ce6c90eb02ab009752998fdcd25cf91.png

Share this post


Link to post
Share on other sites
34 minutes ago, BullRunBit said:

One more thing, reputation system is... (searching for word) in least not functional.

I saw member which have around 2k posts and around 12k reputation points. :classic_huh:

It should be something like give/remove, if you give point that point will be removed from your reputation points and it would somehow balance whole reputation system.

Right now, the majority concern is about making the English section of the  forum active again and to do something against the spammers. Reputation points concern should be taken as the minority for right now in my opinion.

And, talking about give/remove. As far I am concerned it already exist{correct me If I am wrong}.  If you give -5 to someone then the reputation from their profile also decrease by that number respectively.

MY SUGGESTION:

I think the forum administration should create a thread where members can apply for the payment re-open in English section. Moderators should check the quality of the post manually and decide to allow or reject payments.. It should be same for all members new and old. 

This way spammers payment would never start and eventually they will stop at some extent.

MODERATORS WILL HAVE BAD TIME HANDLING THAT?

To tackle the most number of request and post from the spammers{for payment re-open}, the thread should be open only for twice a week for few hours and the number of request should be limited. This will reduce the work on moderators also.

@Whited35   @kyoukage01 @BullRunBit What do you think about this? I am tagging all of you because you are in this thread and I would love to hear back about my view from you. If you like to add in this particular suggestion. Please

 

  • +4 1

NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

  • Topics

  • Сообщения

    • 🌐 Bitrezerv.com - ваш персональный помощник в обмене криптовалюты без верификации!   Мы поддерживаем Tezos, Shiba, Stellar и многие другие монеты. Обменивайте с удовольствием!   #CryptoTrading #BitrezervExchange
    • 🆕 Главная новость месяца!   Июнь стал для нас настоящим прорывом!   AVEEX.co официально стал партнёром exchangesumo.com.  Это важный шаг для нас, так как этот мониторинг для многих является эталоном надёжности. Его выбирают, чтобы подобрать проверенный обменный сервис.  И теперь мы среди них!   Это означает, что exchangesumo отметил надёжность, качество, работу тех.поддержки, выгодные курсы и неповторимый дизайн нашего сервиса.    Мы и дальше будем расти, развиваться и ,конечно же, улучшать сервис во всех направлениях.    Ждём вас у нас в AVEEX.co!  
    • Аналитик, известный под псевдонимом Kaleo, сообщил своим 640 000 подписчикам в запрещённой в России соцсети X (ранее Твиттер), что Dogecoin может вырасти до $1 или даже до $2. По словам эксперта, сейчас рынок криптовалют находится в так называемом суперцикле мемкоинов. Kaleo считает, что криптовалюты, вдохновлённые мемами, уже показывали периоды, когда их стоимость возрастала на 6000% от минимумов и даже на 30 000% от исходных значений. По его словам, потенциальный прорыв DOGE может произойти в период с декабря этого года по февраль 2025 года, но не раньше потенциального спада, в результате которого DOGE вернётся к отметке $0,08 или $0,1, поскольку аналогичный прорыв тренда с просадкой в 30% произошёл в 2020 году. Эксперт указал, что технический индикатор Гауссовского канала (GS), который на недельном графике Dogecoin стал зелёным, является ещё одним доказательством того, что, когда придёт время, курс DOGE невероятно вырастет. Напомним, что за последние несколько месяцев сектор мемкоинов демонстрирует максимальную доходность по сравнению с другими виртуальными активам, что ещё больше привлекает к нему внимания инвесторов и трейдеров. Таким образом, у DOGE, как и других мемкоинов есть шансы на то, чтобы и дальше демонстрировать высокую прибыль на рынке. Источникhttps://ru.investing.com/news/cryptocurrency-news/article-2444960📎 ——————————————————— ОБМЕНЯТЬ  / ПОМОЩЬ  / ОТЗЫВЫ
    • VPS сервера от 6$Выделеные сервера от 54$Сервера с GPU от 300$с полным списком услуг можно ознакомится на нашем сайтеDEDIONE-Available Serversнаши контакты:TG: https://t.me/Alffi_Solomonsподписывайтесь на наш канал переодически добавляем сервера с большими скидками или совершенно бесплатно.ссылка на канал https://t.me/+u1QBackNiKZjYWVk
    • Друзья, наши курс на данный момент: USDT – RUB – 82.1 (Не забывайте, что курсы нестабильны, точные данные можете узнать в моменте у поддержки)
    • Добрый день всем нынешним и будущим клиентам 😊 Курс по направлению: BTC – RUB – 5 059 946 Обменник работает в ручном режиме, 24/7. Подробности уточняйте у операторов.
    • solid project and paying Cripto Motorsport I really like it and with many options to advance quickly if you don't really want to invest I recommend it, take a look you won't regret it
    • Forex and Cryptocurrency Forecast for 01 – 05 July 2024 EUR/USD: Inflation in the US – Everything is Going According to Plan   Last week, specifically on Thursday, 27 June, the dollar received support from positive macroeconomic data from the US. The Department of Commerce reported that according to the final estimate, the US GDP grew by 1.4% in Q1, against the forecast of 1.3%. (According to the current Fed forecast, the country's real GDP will expand by 2.1% in 2024). Labour market statistics were also optimistic – the number of initial jobless claims in the US amounted to 233K, lower than both the forecast of 236K and the previous figure of 239K. Durable goods orders did not disappoint either, rising by 0.1% in May against the forecast of a decline of -0.1%. Against this backdrop, the DXY dollar index rose to 106.10, approaching April highs, and EUR/USD dropped to 1.0685.   However, the main events of the week were scheduled for Friday, 28 June, the last trading day of Q2. It is worth noting that the cash flows typical for the end of the quarter and the adjustment of trading positions at this time usually increase market volatility and can even cause chaotic movements in major currency pairs. Additionally, intrigue was added by the fact that on this day, the Bureau of Economic Analysis of the USA was to publish data on the Personal Consumption Expenditure (PCE) index for May. This indicator is the Fed's preferred inflation gauge and therefore influences decisions regarding interest rate changes.   According to preliminary estimates, the markets expected that the core index would decrease from 2.8% to 2.6% year-on-year and from 0.3% to 0.1% month-on-month. If this forecast were to come true, it would have strengthened expectations of an imminent easing of the American regulator's monetary policy. On the eve of the publication, market participants predicted that the first Fed rate cut would occur in September, with another one in November or December.   However, there was also an alternative scenario. On Wednesday, 26 June, Fed Board member Michelle Bowman stated that if the disinflation process in the US stalls, the regulator would have no choice but to resume tightening policy (QT).   The actual figures matched the forecasts exactly – core PCE decreased from 2.8% to 2.6% year-on-year and from 0.3% to 0.1% month-on-month. It is obvious that this result was already priced in, so it did not produce a "wow" effect on market participants, and after a brief dip, DXY returned to current levels.   The dollar was also supported by the President of the San Francisco Federal Reserve Bank, Mary Daly, who commented on the PCE data: "The Fed has not yet made a decision, but the PCE data is good news. [...] There is evidence that policy is sufficiently tight. [...] It takes more time for the policy to work. [...] If inflation remains stable or decreases slowly, rates will have to be raised longer."   As for the European Central Bank (ECB), unlike its overseas counterpart, it has already started the easing process (QE). At its meeting on 06 June, it already lowered the euro rate by 25 basis points (b.p.) to 4.25%. And as ECB representative Olli Rehn stated on 26 June, the market forecast for two more rate cuts in 2024 seems "reasonable". These words from Rehn signalled tolerance towards inflation spikes in the Eurozone, which is a negative factor for the common European currency.   The final point of the week, month, and quarter was set by the EUR/USD pair at 1.0713. The analyst forecast for the near future as of the evening of 28 June is as follows: 65% of expert votes were given for the pair's decline, 20% for its growth, and another 15% remained neutral. In technical analysis, 80% of trend indicators on D1 sided with the dollar and turned red, while 20% preferred the euro. Among oscillators, 75% were on the dollar's side, with the remaining 25% taking a neutral position. The nearest support for the pair is located in the zone of 1.0665-1.0670, followed by 1.0600-1.0615, 1.0565, 1.0495-1.0515, 1.0450, and 1.0370. Resistance zones are found around 1.0740-1.0760, then 1.0815, 1.0850, 1.0890-1.0915, 1.0945, 1.0980-1.1010, 1.1050, and 1.1100-1.1140.   The upcoming week will be rich in macroeconomic statistics. On Monday, 01 July and Tuesday, 02 July, preliminary data on such an important indicator as the consumer price index (CPI) in Germany and the Eurozone will be released, respectively. Speeches by ECB President Christine Lagarde and Fed Chair Jerome Powell are also scheduled for 01 and 02 July. In addition, on Monday and Wednesday, business activity indicators (PMI) in various sectors of the US economy will be known. But this is not the end of the flow of important information. Late in the evening of 03 July, the minutes of the last FOMC (Federal Open Market Committee) meeting of the Fed will be published. On Wednesday, 03 July, and Friday, 05 July, we will be flooded with statistics from the US labour market, including the unemployment rate and the number of new jobs created outside the agricultural sector (NFP). Traders should also keep in mind that 03 July is a short day in the US, and 04 July is a full holiday as the country celebrates Independence Day. And looking a bit further ahead, we remind you that early parliamentary elections will be held in France on Sunday, 07 July, the result of which could greatly affect the common European currency.   GBP/USD: Focus – On 04 July Elections   General parliamentary elections will be held not only in France but also in the United Kingdom, scheduled for Thursday, 04 July. Announcing this event, Prime Minister Rishi Sunak stated that he is proud of the "achievements of his government [Conservatives]". "Economic stability is the foundation of any success," he added, noting that the UK economy is still growing and inflation has returned to normal levels.   Despite Sunak's assurances, in May 2024, the monitoring company Ipsos reported that 84% of the population are "dissatisfied with how the government is managing the country". Current election forecasts based on public opinion polls show that 21.3% may vote for the Conservatives, 41.9% for their opponents, the Labour Party, and the rest for other parties.   It must be noted that the government of Rishi Sunak has several real achievements. On 19 June, data on consumer inflation (CPI) was published, and overall, the picture turned out to be quite good. The consumer price index month-on-month remained at the previous level of 0.3%, lower than the forecasted 0.4%. Year-on-year, the CPI decreased from 2.3% to 2.0%, reaching the Bank of England's (BoE) target for the first time since October 2021. The core index (Core CPI), which excludes volatile components such as food and energy prices, also showed a significant decrease from 3.9% to 3.5% year-on-year.   According to the report from the Office for National Statistics (ONS), presenting the final data on 28 June for Q1 2024, the UK economy grew by 0.7%, higher than the previous value and forecast of 0.6%. Year-on-year, real growth was 0.3%, exceeding the previous value and expectation of 0.2%. This was the best dynamic since Q4 2021.   If the UK parliamentary elections on 04 July and the inflation report on 17 July do not bring significant surprises, the markets predict that the BoE will start lowering rates at its nearest meeting on 01 August. According to ING bank strategists, "we still forecast that the Bank of England will start lowering rates in August and will begin to signal this in its speeches as soon as the general elections on 04 July are over". In their opinion, the likelihood of rate cuts by the Bank of England is much higher than those by the Fed, which will put pressure on the pound sterling. TDS company analysts, on the other hand, give the following forecast: "We believe a rate cut of 15 b.p. is expected in August, and about 50 b.p. in total for 2024". In several other market participant forecasts, it is also mentioned that by November, the reduction could be around 30 b.p.   GBP/USD ended the past five-day period exactly where it started – at 1.2644. The analyst forecast ahead of the parliamentary elections is unequivocal – 100% side with the dollar and expect the British currency to weaken. Regarding technical analysis on D1, there is also a clear advantage on the dollar's side. Trend indicators are in favour of the dollar at 65% to 35% red to green. Oscillators are 100% pointing south, with 20% signalling the pair is oversold. In case of further decline, the pair's levels and support zones are 1.2610-1.2620, 1.2540, 1.2445-1.2465, 1.2405, 1.2300-1.2330. In case of the pair's growth, it will meet resistance at levels 1.2675, 1.2700, 1.2740-1.2760, 1.2800-1.2820, 1.2860-1.2895, 1.2965-1.2995, 1.3040, and 1.3130-1.3140.   As for the events of the upcoming week, all investor attention is focused on the elections on 04 July. The next important event, as mentioned, will be the publication of the fresh inflation report in the United Kingdom on 17 July.   USD/JPY: Another Peak Conquered   Last week, 75% of analysts expecting new currency interventions voted for the USD/JPY pair's retreat south, while the remaining 25% pointed north. The minority, as is often the case with the Japanese currency, turned out to be right: no interventions occurred, and the pair reached another peak – 161.28.   Frankly, there's nothing to comment on here – everything has been discussed dozens and hundreds of times. The problem of the yen's weakening lies in the ultra-loose monetary policy of the Bank of Japan (BoJ). And as long as it does not decisively turn towards tightening, the national currency will continue to lose its positions. Of course, for a while, the Ministry of Finance and the Central Bank can support its exchange rate with currency interventions. But spending billions and billions on something that disappears like ripples on water after a few days – is there any point in that? Can this be called monetary policy?   If inflation falls in major competing countries, in Japan, it rises. According to data published on Friday, 28 June, the Consumer Price Index (CPI) in Tokyo for the year ending in June rose to 2.3% compared to 2.2% for the previous period. The core CPI inflation (excluding volatile food prices) also increased to 2.1% year-on-year, which is higher than both the forecast of 2.0% and the previous value of 1.9%. Another core CPI index for Tokyo (excluding food and energy prices) decreased in June to 1.8% year-on-year compared to the previous value of 2.2%.   Of course, these are not jumps that warrant sounding a loud alarm – all indicators are "hovering" around the target 2.0%. This allows Japanese officials to pause, without changing the vector of their monetary policy, and to limit themselves to verbal "interventions". Thus, Japan's Finance Minister Shunichi Suzuki once again stated that he is "deeply concerned about excessive and unilateral movements in the Forex market" and expressed hope that "trust in the Japanese currency is maintained". Suzuki's colleague, Cabinet Secretary Yoshimasa Hayashi, delivered almost the same speech word for word. However, he added that the authorities "will take appropriate measures regarding excessive currency movements", hinting at another currency intervention.   This hint from Yoshimasa Hayashi scared 60% of experts who voted for the pair's southward movement and yen strengthening, 20% pointed north, and 20% took a neutral position. The opinion of the indicators is unambiguous, as they have never heard of interventions. Therefore, all 100% of trend indicators and oscillators on D1 are green, although a quarter of the latter are in the overbought zone. The nearest support level is around 160.25, followed by 159.20, 158.65, 157.60-157.80, 156.60, 155.45-155.70, 154.50-154.70, 153.60, 153.00, 151.90-152.15, 150.80-151.00. The nearest resistance is in the 160.85 zone, followed by 161.30 and 162.50.   In the upcoming week, the calendar highlights Monday, 01 July. On this day, the Tankan Large Manufacturers Index will be published. No other important macro statistics regarding the state of the Japanese economy are planned for the coming days.   CRYPTOCURRENCIES: Causes and Consequences of "Black Monday" on 24 June     Monday, 24 June, presented investors with a very unpleasant surprise – on this day, bitcoin's price fell below $60,000 for the first time since 03 May, reaching $58,468 at one point. Ethereum, in turn, fell below $3,250. Analysts highlight several reasons for the active sell-offs, noting that they reflect overall instability in global financial markets and uncertainty about monetary and regulatory policies in several leading countries, especially China and the US. However, there are also more specific factors that contributed to the development of the bearish trend.   In mid-June, the German government began selling off a huge amount of bitcoins (about 50,000 BTC) confiscated in January. Panic sentiment sharply intensified after the announcement on 24 June that creditor payments for the bankrupt crypto exchange Mt.Gox would begin in early July. The total amount of funds to be distributed among former clients is 162,100 BTC, roughly $10 billion. Bitcoin responded to this news with an 8% drop. It’s no surprise – such a volume of coins flooding the free market can seriously knock down prices. In the derivatives market, long positions worth $177 million were forcibly liquidated, and the total financing rate for futures contracts turned negative for the first time in June, indicating that sales exceeded purchases.   It is precisely on the expectations of Mt.Gox debt payments that the flagship crypto asset's quotes reached the lowest level in the past eight weeks last Monday. In this situation, two things are encouraging. Firstly, the deadline for repayment falls on 31 October, and it's possible that payments will be made in parts over four months rather than all at once. And secondly, there is hope that not all creditors will rush to convert their bitcoins into fiat, but will hold onto them, hoping for price growth.   In addition to the above, BTC miners exerted some downward pressure on the market. It became known that their coin reserves reached a 14-year low, as they had to sell a significant amount of BTC due to the April halving to cover operational expenses. Recall that the cost of mining bitcoin, according to JPMorgan analysts, is $53,000. Historically, this cost level is a strong support for BTC/USD. However, even in March, JPMorgan did not rule out that after the halving, bitcoin could temporarily fall to $42,000.   In the absence of positive signals, the demand for spot bitcoin ETFs continues to decline, major market participants slow down their activity, and start to take profits. This also pressures the prices. CEO of investment company CryptoQuant Ki Young Ju calculated that over the past two weeks, bitcoin whales and miners set a record by selling coins worth $1.2 billion.   According to 10x Research, all last week, US spot BTC ETFs recorded investor outflows, and on 21 June, net outflow exceeded $105 million. 10x Research believes that bitcoin will now need to find a new price range to stabilize the decline and then find growth catalysts. In the medium term, according to 10x Research analysts, it is not worth expecting BTC to return above $70,000.   Popular analyst Matthew Hyland noted that the combined bitcoin balance on centralized exchanges reached a multi-year low. In theory, this could be seen as a bullish signal, but the crypto market leader is not yet eager to show an upward trend. Naturally, the publication of key US economic data could serve as a vector for further cryptocurrency movements. If the Fed takes its first step in easing its monetary policy in September, it could support risky assets, including bitcoin. According to Cryptology experts, the chances of bitcoin reaching a new all-time high by the end of September are quite high, and what is happening now is a phase of accumulation.   Despite the current decline, many investors remain optimistic, citing the cyclical nature of the crypto market. They also do not forget about the US elections. For example, former Goldman Sachs CEO Raoul Pal predicted significant bitcoin and cryptocurrency market growth in Q4 2024. In an episode of The Wolf Of All Streets podcast, the financier noted that risky assets like bitcoin usually rally against the backdrop of US presidential elections. "The final quarter of an election year is a real 'banana zone' for all assets. It always is," Pal optimistically stated, noting that the "banana zone" for cryptocurrencies in autumn is much more pronounced than, for example, for the Nasdaq index.   Bitcoin was also supported by billionaire Michael Saylor. His company, MicroStrategy, is one of the largest bitcoin holders in the world, with 205,000 BTC on its balance sheet. Despite the negative trend, it increased its reserves by another 11,931 BTC (over $700 million) in the past month alone. Saylor is convinced of the first cryptocurrency's ability to grow to $10 million with support from China and other factors. He believes that in the future, governments, especially China, will fully embrace the first cryptocurrency and integrate it into the state infrastructure. The entrepreneur declared all pre-bitcoin economic instruments obsolete. "Before Satoshi Nakamoto, economics was a pseudoscience. All economists before Satoshi tried to develop economic laws with shells, glass beads, pieces of paper, and credit instruments," the businessman wrote, calling bitcoin a "perfect asset."   In previous reviews, we already wrote that the launch of exchange-traded spot ETFs on Ethereum could give a certain boost to the digital asset market. On 25 June, SEC (US Securities and Exchange Commission) Chairman Gary Gensler noted that the registration process for new ETFs is "going smoothly," and the approval date depends on how quickly applicants submit adjusted S-1 forms. Bloomberg analysts call 02 July the expected approval date for new products. Reuters, citing anonymous sources, reports that a consensus has been reached between fund managers and the SEC in negotiations, and only the "final touches" remain.   Co-founder of venture company Mechanism Capital Andrew Kang stated that after the approval of ETH-ETF, Ethereum's rate could correct by 30%, falling to $2,400. In his opinion, at this stage, the main altcoin attracts much less attention from institutional investors compared to bitcoin. Based on this, ETH-ETF will attract only 15% of funds compared to what BTC-ETF received at the start.   Kang noted that to increase Ethereum's attractiveness among investors, its ecosystem needs to be positioned as a decentralized financial settlement layer, a global computer, or a Web3 application store. At the same time, it will be difficult to sell new ideas for Ethereum's application to funds, as the asset is perceived by investors as an overvalued stock of a large technology company.   Significantly more positively views the future of Ethereum Matt Hougan, CIO of Bitwise, a company managing cryptocurrency funds. In his opinion, the appearance of a long-awaited exchange product is undoubtedly a positive factor, and the net inflow of investments into ETH-ETF over the first 18 months will amount to $15 billion. In his analysis, he relies on the experience of Canada and the EU, where in similar products the inflow ratio for Ethereum and Bitcoin is approximately 1 to 4 (i.e., 25%). In other words, if in the first quarter of work for spot Bitcoin-ETF the total inflow was $26.9 billion, for Ethereum it is expected to be at the level of $6.7 billion. In this case, in three months of work, the leading altcoin could rise to $4,400-5,000.   CEO of SkyBridge Capital Anthony Scaramucci believes that the price of Ethereum could rise even higher, reaching $10,000-12,000. Regarding bitcoin, the entrepreneur allows for its growth to $170,000-250,000. The main driver, in his opinion, will be the further institutional acceptance of cryptocurrency. Scaramucci called the approval of spot exchange ETFs an important regulatory barrier breakthrough for attracting new capital. Thanks to this, in his opinion, the share of digital gold in the portfolios of major players will soon be about 3%.   As of the evening of Friday, 28 June, BTC/USD is trading at $60,190, and ETH/USD is in the $3,390 zone. The total crypto market capitalization is $2.24 trillion ($2.34 trillion a week ago). The bitcoin Fear & Greed Index (Crypto Fear & Greed Index) has dropped from 63 to 47 points over the past 7 days, moving from the Greed zone to the Neutral zone.   In conclusion, here is another observation from Matt Hougan. The CIO of Bitwise presented three reasons why long-term investments in both bitcoin and Ethereum are more advantageous compared to investing only in bitcoin. These are: 1. portfolio diversification 2. the opportunity to earn on very different ecosystems and 3. economic benefit.   Considering the difference in the capitalization levels of bitcoin and Ethereum, Hougan believes that 75% of the capital should be invested in BTC and 25% in ETH. According to calculations, over the period from May 2020 to May 2024, the yield of such an investment portfolio is 3% per annum higher than one that only contains bitcoin. However, Hougan acknowledges that in the shorter term, a portfolio including 100% BTC outperforms a diversified one. Moreover, investing only in bitcoin carries fewer risks due to its higher market capitalization and features such as limited coin issuance and a phased reduction in the inflation rate to zero.   NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Добрый день, уважаемые пользователи! Пожалуйста, обратите внимание! У нас произошла смена контактов Telegram, по причине - предотвращения появлений фейков, прошлое имя пользователя было слишком длинное и была высокая возможность изменить несколько символов и визуальные отличий не было бы. По этому мы создали "имя пользователя" максимально коротким и простым. Прежние контакты "имя пользователя" - @Finansovich_exchange (Больше не актуальны!) Действующие (новые) контакты "имя пользователя" - @fin_exc (Актуальны!) Пожалуйста, будьте внимательны, переходите по прямой ссылке которая указана в топике, помните-что мы не обрабатываем заявки в Telegram, все заявки обрабатываются исключительно через наш сайт!
×
×
  • Create New...