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Messages - Findingnemo

Pages: [1] 2 3 ... 26
1
Binance / Re: Do you think quality of tokens getting listed on Binance has went down?
« on: September 20, 2024, 11:00:49 PM »
Quote from: Themepen on September 20, 2024, 10:15:24 PM
Binance is losing trust because investors are losing money on bad tokens. Warnings are not enough Binance should only allow good tokens. They should prioritize user safety over making money.

Any business is concerned about making profits and everything else is secondary for them so users are the one needs to be responsible for choosing their tokens for trading and they are not forcing people to buy new tokens its the users who get crazy hyped when they see a new token listed on Binance and went all it. Because no matter how good the token is in terms of utility it will get dumped from the early investors to make their profits so it's hard for every potential project to revive from that situation.

2
Basic Questions about Cryptos / Re: Simple tips to save on bitcoin transaction fees
« on: September 20, 2024, 09:45:37 PM »
Quote from: jonkibri123 on September 11, 2024, 07:04:45 AM
Thanks for sharing these tips! I agree—using non-custodial wallets and adjusting fees is a game-changer. Checking the mempool size before sending is critical, and weekends have also been the sweet spot for me. Great advice for newbies to avoid those crazy $5 fees. Thanks for the resources as well!

The fee won't be $5 all the time, it changes according to the mempool congestion, right now it only costs cents for a TX with one input and one output.

Another thing which isn't mentioned clear here is about consolidating the smaller UTXOs when fee is lower, at the moment is perfect for consolidation so whenever the fee spikes you don't have to bear that much on the fee.

3
Cryptocurrency discussions / Re: Noob vs. Pro Trader
« on: September 20, 2024, 08:20:39 PM »
Noob or newbies basically means they are new, prone to make mistakes which might end up in high loss.

Experienced trader is supposed to do the right things when situation demands but they also can make mistakes because the market is highly volatile so it's close to impossible being 100% successful with our trades but we can work on minimising the loss that can save us in the long run.

4
Basic Questions about Cryptos / Re: Is crypto currency a digital asset??
« on: September 20, 2024, 07:15:00 PM »
Quote from: dhara on September 20, 2024, 02:12:21 PM
I believe yes crypto currency is a digital asset. Because we use it through internet. All people have multiple benefits. We can earn money while sitting. All transactions are done online.  In this modern time we can invest very well in the crypto currency market.

Yes, crypto currency is digital asset cause it's not physically present.

And what do you mean you can earn by sitting? It doesn't work that way buddy, you need to work as you do to make revenue and you can take Bitcoin as a form of payment for your salary or fee otherwise you can buy it from exchanges with your fiat money.

It's not available for free.

5
Bugs & Tech support / Re: [BUG] last post from your IP less than 25 seconds ago
« on: September 20, 2024, 05:49:54 PM »
It's been a while since I had this error but starting from yesterday and today I had this bug multiple times while posting that took few minutes to post what I wrote after closing and opening the browser multiple time.

Don't we have any clue why it's happening?

6
Basic questions about this forum / Re: Ranks and their post
« on: September 20, 2024, 05:11:42 PM »
Quote from: Bhigdaddyjr on September 18, 2024, 01:09:41 PM
I guess am not the only newbie that doesn’t know about this . The ranks and their post or activity count is here . This will enable newbie to put more effort and focus on it to rank up to the next rank .

This isn't something new, this is what exists in every kind of forums but with different terms for the ranks. What do you mean focus on more and ranking up? If you want to speed up things that your usual limit will leads to spam which is not appreciated and can get you negative Karma or badge for spamming.

So what you should focus is learn from here that will help to increase your knowledge about crypto in many different aspects.

7
Banks & Cryptos / Re: China Halts Gold Buying in May, Ending 18-Month Buying Spree
« on: September 19, 2024, 10:27:53 PM »
Quote from: Aanuoluwatofunmi on September 16, 2024, 07:57:19 AM
China is a kind of country that monitors everything concerning their economy, they ensure that there is law and order there in their countries and they make sure that they set up some effective policy measures to enable their economy grow more faster and bigger, for taking any decision, they have their own reasons on that, this could be on any stand which others may not be able to know why.

They stopped buying because of the threat that price of gold might fall later this year and China had their reasons for every decisions they made but it doesn't make that they're doing everything right and no offense it's a country that lacks transparency, they could be buying in other ways after announcing they're not just to influence the price to drop further and buy back at cheaper prices.

8
Basic questions about this forum / Re: posts with expiration date
« on: September 19, 2024, 08:47:02 PM »
There are badges for everything you do and if you are someone who constantly necrobump irrelevant old topics will lead to negative karma, tag and badge which all might look bad on your profile. Sometimes random newbies just bump those for no reason while every other person will simply follow that in that case we should report the topic to be closed and also deleting the replies made afterwards.

9
Cryptocurrency Trading / Re: What are your experience in trading?
« on: September 19, 2024, 07:12:14 PM »
Quote from: SmartGold01 on September 13, 2024, 08:36:31 PM
As stated above I would really want to know our experience in cryptocurrency trading and in what ways did you over come them, and how helpful those methods are to you.
I know altcoin are the most difficult coins to handle especially newly launched coin in the market and how to manage them for long time.

You can drop so others can learn.
Thank you for the time being.

Go with the trend before the hype over is one of the way to manage it but it's kind of risky and never meant to be in long run so you just have to be very active with picking the new coins and make profits before it fades away from the trend.

Or keeping it simple like buying Bitcoin and sell whenever we feel we made enough profits sounds like a plan for long term and there's no harm, no need to actively tracking everything going around.

10
Cryptocurrency Trading / Re: Day trading strategies!
« on: September 19, 2024, 05:13:08 PM »
Quote from: Bobcrypto on September 19, 2024, 04:08:39 PM
Normally, day trading on P2P market is not so popular, infact P2P day trading on some crypto exchanges may be a new  trend, I don't think people trade on that options as compared to other trading coins pairs, I may be wrong.

Atleast it used to be profitable in the days when I used to trade because not every country has friendly approach when it comes to crypto taxation so people will obviously choose p2p way for cashing out their crypto into fiat so they can hide the taxes or whatever the reason and also people used to pay better prices than the current market prices selling on traditional centralized exchanges while buying or selling that forces people to choose p2p day trading over the conventional trading but ofcourse everyone has their way of making profits.

11
Competitions & Contests / Re: Mixero ADVANCED MODE Bitcoin Mixer Bitcoin Price Prediction - September 2024
« on: September 19, 2024, 05:09:02 PM »
Prediction 2: $67,485
BTC bech32 address: bc1qt2jks0taazj07crehyz2aqfglvydd49vypztdu

12
Cryptocurrency discussions / Re: Cryptocurrency good or bad for loan?
« on: September 19, 2024, 08:31:23 AM »
Taking loan for any investment not just crypto is not recommended, investment is supposed to pay you in the long run but loan should be paid every month after you took it means you will be under immediate pressure to payback and you will be trapped if you have no means of other extra revenue apart from you planned.

Don't invest if it's not your money, earn some which is okay even if it takes time but go with full freedom.

13
Crypto Exchanges / Re: How to properly rank exchnages
« on: September 18, 2024, 10:34:03 PM »
I presume this is another Bitget shilling post created but talking about ranking it's all about user's perspective, I kinda agree Binance is at the top because they provide better user experience, higher trading volume but Bitget at the fourth doesn't seem right when exchange like Kucoin is 10th spot which certainly deserves 3rd or 4th if I ever create a list on my own.

14
Cryptocurrency discussions / Re: Crypto forums are part of social networks, is this correct?
« on: September 18, 2024, 09:43:38 PM »
I don't want it to be part of social media, it's a place where we don't learn anything but waste our time while making the social media companies sucking all our data and sell them for millions.. But crypto forums are created for community and actual discussion happens related to crypto and anyone can participate as long as they don't violate the forum rules and importantly freedom of speech.

15
Cryptocurrency Trading / Re: Day trading strategies!
« on: September 18, 2024, 09:04:29 PM »
Quote from: Agbe on September 18, 2024, 07:47:21 PM
Quote from: Findingnemo on September 11, 2024, 08:39:44 PM
I bet anyone who are into crypto trading will be tempted by the potential profit making from day trading so what are the strategies that you were followed/following to mitigate the loss and maximize your profits.

I used to be actively trading in the past BTC against stablecoin pairs or the fiat because I can sell for a premium price on p2p platforms (I am talking about the age of LBC). Still, since these exchanges integrated p2p it's hard to make profits via day trading so I am just stuck with a long format and occasionally try day trading.

I was told that swing traders make more profit than day traders how true is that? Or is it the other way around??I am very interested to know the methods and strategies to make profit on a daily basis, swing trade to me seems stressful because you'd have to place a trade and wait till a specific period of time, I am more drawn to becoming a day trader. Are the risks of day trading less than swing trading, if the answer is yes are there ways to mitigate this losses in order to make more profit, I would like to know this

I guess swing trading is just longer version of intra day trading but actually there's no difference at all if we look into it technically. Ofcourse the risks to the capital will always be there due to unexpected market trends so We can't be really sure whether we will be able to achieve what we had in mind when opening the position. The way to mitigate the loss is stop loss so it can protect the capital from huge dive but if it keeps repeating multiple times our capital will obviously shrink unless we make profits equally.

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