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Messages - Faisal2202

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Ethereum Forum / Re: SEC May Deny Spot Ethereum ETF In May

« on: Today at 01:35:23 PM »

Quote from: TomPluz on April 26, 2024, 05:21:39 AM

1. Do you think that eventually approval for Ethereum ETF will happen in either in 2024 the earliest and 2025 the most?

2. Do you think there will almost be the same story here...just like what happened with the Bitcoin ETF...where a court case was necessary to compel SEC for the eventual approval?

Following are the dates for ETH's last approval,

Quote

Ethereum ETF final deadlines.

🟠VanEck: May 23
🟠Ark Invest/21Shares: May 24
🟠Hashdex: May 30
🟠Franklin Templeton: June 11
🟠Grayscale: June 18
🟠Invesco/Galaxy Digital: July 7
🟠BlackRock: August 7
🟠Fidelity: August 3
🟠Bitwise: December (Date Unspecified)

So if we observe these dates, I think you are right, SEC might reject the approval in this month (May) too. But they will not reject it every time, they will definitely follow the same pattern they did with BTC. I don't know why they are holding things that long, they just don't want crypto to be legalized, so they will delay things as much as they can. I think the first ETH ETF they will accept will be of Grayscale or of fidelity.

I am 100% sure that they will accept ETH ETFs before 2025, I mean why would they delay it, considering the current price of ETH its so under-value right now, what you think? Course case are necessary, as these authorities don't let anything goes live that easy, they will even try to make it not happen. They not only do it with crypto they do it with every technological approval.

Bitcoin News & Updates / Re: CME Plans To Launch Spot Bitcoin Trading

« on: Today at 01:27:44 PM »

Quote from: Peter90 on Today at 09:23:38 AM

Institutional funds are more inclined to use CME than platforms like Coinbase due to existing relationships. The transparency and trust in CME's decades-long track record outweigh its lack of Bitcoin specialization.

Never used CME before, but it's a good thing to have another milestone, spot trading would add more volume, as people involved in the future also prefer to hold their funds on the same exchange they are using (CME), as sometimes market is not in a very good situation, and when you are in need of more funds, you want to deposit more BTC, which you can not do but now with spot option, you have a upper edge now.

The old traditional people, will definitely use this, and they will definitely buy BTC and will hold into this exchange I mean this platform is in existence since 1898, Can you believe it? But I am quite disappointed to see the number of people using it, the people are way lesser then the tier 1 exchanges you aforementioned, so collectively the volume would be more on these tier 1 what you think?

Bitcoin News & Updates / Re: Trader Loses $68M of Wrapped Bitcoin in Address Poisoning Scam

« on: Today at 01:19:07 PM »

Quote from: TomPluz on May 08, 2024, 06:44:32 AM

Do you think that we should now accept the occurrence of these scams and hacks as very normal in the cryptocurrency industry...and what are the things we can do to protect ourselves from them?

OMG that's a big number, I mean how a person can lose it all in one trade, was he making the tx in one go, if yes then he should have made more then one tx, and maybe after 1 or 2 he would notice the ignorance he is doing. Address poisoning is a very common scam, and most of people become a target of it when their clipboard gets hacked, or when the victims copy addresses from the last tx they received (using explorer maybe).

This really gives me goosebumps to imagine what would be the situation of that person who lost that much money, $68 million is not a joke, and an overall lose of $502 million is also insane. We should really not accept the occurrences of these scams, although they are common, and many newbies become a prey to it, but seeing experts people losing it all idk why hurts the most. We should raise more awareness, and help people to realize that there is no place for ignorance in this market, they should suspect things even if the things looks idiotic to ask about.

Bitcoin News & Updates / Re: Over 50,000 Traders Liquidated as Bitcoin Price Surges Past $66,000 Amid Bullish

« on: Today at 01:11:09 PM »

127.98$ million liquidated as a whole and out of it, $45.94 million was liquidated in BTC only. That's why I don't prefer derivative or futures trading. I mean, BTC is going up and people are losing money, how silly is that, although how amazing is that people also made money when BTC lose it value and along BTC other alts also lose there value. Although the pump was big and very expected but still people liquidated themselves.

No one can actually time the market, and I also think the amount is not too big in compared to what most people lose if this $4k pump was a dump. As in dump people lose more money then they lose now. But still, they should prefer risk management, use SL, I assume most of the traders would be newbies, they should have released that data too.

Bitcoin News & Updates / Re: Oklahoma Passes Landmark Bill Protecting Bitcoin Rights

« on: Today at 01:04:56 PM »

Quote from: ABCbits on May 16, 2024, 01:06:11 PM

I do not read the bill itself, but overall it seems to be good news for Bitcoiner who live on Oklahoma. The news doesn't state about privacy though. Your opinion is greatly appreciated.

No need to read the whole bill as the news and the tweets give us almost all the information. I think this is the best move to safe the funds (in BTC) of people living in Oklahoma, I think they will not accept any more tax (additional word used there) they have the write to mine BTC in their homes, with no or usual taxes. I mean no tax is not an option, so it definitely means, no more additional tax then the ones already been imposed.

But the thing is, this bill is going to be applicable after November, what if till then huge amount of taxes imposed on the people of Oklahoma, although tax is not the main problem, this bill also saved there privacy as well. Because this bill have gave them the full right to control, and own there BTC in any way they want under the legal ways (means for not bad things). USA is already trying hard to seize (obfuscating) the BTC of people with any way possible, recently they arrested a person who did not paid tax and I wonder they might even seize there BTC as well or will deduct some amount from it.

Forum related / Re: what about merging some boards? here are a few easy to merge boards

« on: Today at 12:53:59 PM »

Quote from: bitmover on May 08, 2024, 05:15:39 PM

Inside this, we have 3 additional boards with very low activity: bch, big and bsv. Just move all topics to the forks board and delete those boards.

OMG never, noticed the board numbers in the links, haha I mean this BTC fork board is the 359th board. Do we really have that many boards or they are just random numbers? I am talking about the number written in the end of the board link. Besides that, I agree with you, I don't think in the first place that these forks deserve a separate board, as they are already part of a BTC Fork board so why more boards in a board that is basically made for them? That's too much. I don't bother to surf all of them, I have bookmarked some and I regularly visit them only.

You are doing a good work, please keep it up and clean all the additional boards which are unnecessary. It would be great to have sophisticated numbers of boards, maybe not like of BTT but maybe more sophisticated. I hope admin will consider your efforts.

Bitcoin Forum / Re: What has been the bitcoin price performance since the halving?

« on: May 16, 2024, 10:37:49 PM »

That's what a market does, it's full of surprises, we face selling pressure, then buying pressure as well, people do the perception some do in a bearish manner but some do it in a bullish manner as well. Overall, Halving has been proven as a big factor for the growth of BTC. I never compared the inflation rate with halvings before, thanks for sharing such data, but I wonder what use it could be of. As you did not mention.

The market will face a lot of pressure and will change its behavior with time too, and it will become highly volatile, considering the time of your post, I can say the market was not so good at that time, but as of writing this reply market already exceeded $65k. Which is a good thing because many traders predicted that if it will cross the $65k then it will move toward $73k target again. I think market was just taking a correction what you think?

Bitcoin Forum / Re: Roger Ver has been arrested

« on: May 16, 2024, 10:31:55 PM »

Quote from: MRY on May 08, 2024, 09:34:50 AM

If America imposes a strict ban on the use of bitcoin like this, it will be bad news for bitcoin and most likely this will cause the price of bitcoin to collapse. I suspect that what the American government is doing is aimed at controlling the price of bitcoin.

If America becomes the next China, then BT will definitely face huge downtrends, but China did not accepted ETFs, and USA did, which means USA took the financial benefit from BTC by accepting it. Now they just have started so I don't think they will create a situation in which investors will suffer to live. As if investors won't be given proper facilities then they might even leave the country.

As, leaving the country can save them tax as well. Besides if USA citizens stop buying and selling BTC, it will still be functional. As BTC price is no doubt greatly influenced by USA but with time it will recover and the trend will shift to another country maybe.

News related to Crypto / Re: ‘Big Short’ Investor Calls Crypto One of the ‘Great Themes of Our Time,’ But He’

« on: May 14, 2024, 08:11:04 PM »

I think he believed in practical things, the ones which are being used for what they were made, and BTC is not being used for what it was made, and as time passes people are also losing their anonymity as well, they have to use multiple tools to keep there anonymity. I think AI is the new future of our world, and we should definitely not unseen it over crypto. People are in crypto to make money, some are to enjoy the wonders of technology. But AI is going to be here when we might not be.

There are many AI-based crypto projects, if he (the businessman) is not so interested in BTC or overall crypot then he will be when he will see Crypto based AI projects and then he might become a believer, actually at the current time, a person with some "X" skill will only talk about it or relevant, but won't accept "Y" thing. Here X is AI and Y is crypto. He can make money from X so he will praise it and speculate it, but for a businessman, I don't think its easy to leave Y option as its money making option.

News related to Crypto / Re: 90% of Ethereum, Tron, Solana Stablecoin Transactions Are ‘Inorgranic Activit...

« on: May 14, 2024, 08:03:11 PM »

Quote from: ABCbits on May 13, 2024, 12:39:31 PM

Visa's argument that transaction made by bot isn't organic somewhat makes sense to me. Although i also feel they said that since they want to reassure that Visa remain more popular option. Your opinion is greatly appreciated.

The word "Inorganic Activity" is also new to me, but I do understand now what its meaning. The automated transactions are inorganic while in which humans are directly involved are organic. BTW I am shocked to see the number of inorganic transactions they are $51.6 Billion dollars, and when they remove these inorganic activities from the overall volume the organic turns out to be only $4.6 Billion dollars.

The only conclusion from this news is, that they just want to show off that they can distinguish between organic and inorganic activities, but for what purposes, I mean what use of this data to them, I can't think of any benefit here, if anyone else can shed some light.

In my opinion they just want to remain more transparent, and want to show the credibility, maybe next time they fill there sheet they might exclude the inorganic activities from it, but the point is, are these inorganic tx are not real or considered and why not?

Bitcoin Forum / Re: All you need to know after Bitcoin halving

« on: May 12, 2024, 08:26:45 PM »

Quote from: Stanlosky on April 22, 2024, 09:45:56 AM

BUT IT WILL BE MASSIVE BECAUSE ALL OTHER BULL RUN HAPPENED WITHOUT THE ETF PRESENCE. HOWEVER, THIS IS THE FIRST BULL RUN THAT WILL BE HAPPENING WITH THE PRESENCE OF THE ETF.

EXPECT THE BEST

No doubt this time, history is not repeating, as all three times bull run started after halving, but only this time BTC made a new ATH before the Halving, and people are so bullish that they also think BTC will outperform all of our predictions in this bull season. Although things are not exactly the way they are supposed to be, many say the market is testing us.

Those who remain patience and control here emotions, overcome the urge to book the profit, and exit the market at the current market price, will be the ones who make the most of the profit. Although booking some of the profit (seed) is a good thing and we should definitely adopt this strategy where we book a little and then little by little we cover our capital and now we are only playing or trading with the money we have made a profit with. It's a stress-free trading.

PS: Next time you make post, turn off the Cap lock please. Not helping.

Cryptocurrency discussions / Re: Do you rely on Crypto Currencies?

« on: May 12, 2024, 12:29:10 AM »

Quote from: Jamal Aezaz on May 11, 2024, 07:29:27 PM

Those who are totally dependent on crypto for their whole life are not thinking wisely because crypto is not like a job as it sometimes gives us profit and we think that there is no better option of job than it but after some time the market goes down and all our dreams remain dreams.

Well said, we should not be dependent on single source of income in our entire life, we should build our portfolio, by investing, trading, and dealing in aother types of assets as well like property, gold, stocks and crypto. We have to setup some other kind of business in our life as well, no wonder how small that is. But a self-business gives you more confident to take more risk and we all know more risk means more gains also more lose but with other sources of incomes we can make funds to cover the loses and thus our lives won't be affected as well.

Saying this is easy and I know make this happening is really a hard task, as setting a small business that can make us a good profit is a hard thing, require us to give our full time and efforts and in this we are not able to give our time property in trading or crypto or other investments. So, I believe we should not focus our talent in different things, first we have to achieve success in one thing and then one after another. What you think?

Cryptocurrency discussions / Re: How much % of your assets are allocated to crypto?

« on: May 11, 2024, 11:39:12 PM »

Quote from: MrSpasybo on February 04, 2024, 02:47:53 AM

[1] 19.4% Bitcoin portfolio allocation ideal for risk-adjusted returns — ARK Invest

I can see many members have good strategies like investing in stocks, and then waiting for the cycle of BTC to accumulate in the bear market, and then selling in the bull market and repeating the trend. It's a good strategy. Many are diversifying there portfolios with not only BTC but with other assets too like Gold etc. Its also a good one to minimize the risk. As alts also follow BTC and if BTC goes down then most likely alts will too. Well, but if you have your funds in Gold too then if BTC goes down you will not lose funds invested in Gold.

Speaking of myself, my most of my funds are invested in BTC only, as in start I trusted only BTC but later I realized my mistake that I should not invest all of my funds in one coin, before realizing this I realized that I should invest an amount (like a specific amount) I should not invest all or most of what I am earning without no pans. So after realizing it, I stopped accumulating at a point, I started to invest my savings then in Alts which I think was a good choice but still BTC made me more profit then any alts. I am happy with BTC investment but not so much with alts. Currently in lose too in alts.

Cryptocurrency discussions / Re: What do you think of crypto messaging apps?

« on: May 11, 2024, 11:00:13 PM »

Quote from: MCcabe Rory on May 11, 2024, 05:46:26 PM

Hey mates, good day..

Crypto messaging apps are a new thing in the digital world. They're trying to combine the best of messaging apps like Telegram with the features of cryptocurrency wallets and DeFi tools. They promise to make it easy to manage your digital assets and make cryptocurrency transactions. Some people might find them interesting if they're into DeFi and cryptocurrency trading.

What do you think about crypto messaging apps? Can they really change the way we use digital assets, or are just there..

I have not used any other messaging app other than telegram yet or if I did then I am unaware of it, is Phaver comes under this category but I have not used it for too long but for some time only. I actively use the Beoble platform which is also a messaging application (web base). And we can't send cryptocurrency of every type to each other on that.

It's just a defi messaging app that provides us complete privacy as we can make an account on it via metamask wallet. Without giving any other type of information. Setting the account is easy, although many people are spamming the boards and groups in order to get the airdrop but after that I hope the spam would be lower. TG is a good app and have a lot of application. I just don't like it because we have to use it via proxy.

Cryptocurrency discussions / Re: Notcoin On Binance 16th May.

« on: May 11, 2024, 10:45:08 PM »

Quote from: kulkhan on May 10, 2024, 08:52:06 PM

What a fantastic news Free Telegram bot Mining Notcoin will be listed On Binance 16th May. I think ot is great news for Notcoin Minners. One side it is good news for Notcoin holders on the otherhand it is very very interesting Because Ton network supported Notcoin will be listed on Binance but Ton coin not listed on Binance yet, Very interesting.

Please discuss about Notcoin project and what will listing price. And price Prediction.

Huh? TON is not listed on Binance I did not noticed, well that's a good point you have noticed and mentioned here. I genuinely did not think Notcoin would list on Binance or other big tier-1 exchanges. As when this project got some hype I thought it was a scam as earning money that easy can't be a real thing, well seeing the hype I also joined the craze and made a good amount of notcoin. And now the claiming is live for everyone. I hope it will give us more than we anticipated. I hope it will outperform the price value we are expecting.

Considering the market my target is around 0.01 to 0.05 what do you think? The team behind notcoin is well educated as they know what they are doing, IMO when they delayed the claiming before it was a good thing as delaying the not at a time when the market was around $56k saved them some decrement in the price. Now they can list it on whatever price they want with positive uptrend and just like TON I hope the reverse NOT will also do the same (will no lose value even BTC did).