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1
Basic Questions about Cryptos / Re: Is this the bottom?
« Last post by Learn Bitcoin on Today at 03:33:32 PM »
Even though this thread is too old, it is kind of relatable now. If you ask, have we seen the ATH for this season already? I know most of you guys will say, "Not yet," but it seems like we are going to go down further. A couple of analysts said that if Bitcoin breaks the 59K support and the 57K support, then the season may turn around and it seems something bad is going to happen. Even though Hongkong ETF was approved as well, we are seeing net outflow in the US ETF for the last five days which resulted massive dump and panic selling as well. It seems we have to wait a long time to see the ATH from here. But, the question remains, which one is the bottom?
2
It is normal that the payments here are quite low, due to the traffic as you already know. But if the forum continues to grow (even little by little) we will surely have more campaigns with better payments and greater "rivalry", something that is always good, for products and brands and also for users. But maybe it's too early to talk about it, now we should continue contributing everything we can.

Yeah, I know that, and I believe the team is working hard to improve the user experience. I don't know if this forum has a dev team or the admin alone handling the development things, but they are doing pretty well. We have seen a lot of updates in the last four months, which is a good sign. If you keep update with the community suggestions, the future is bright.

You guys are doing good to keep the community healthy. I don't know what is the traffic source of this forum. But most of the recent active users came from the other forum due to the mixer ban. I hope the number of active users will continue to increase over the time.
3
Basic Questions about Cryptos / Re: Bitcoin or Etherum?
« Last post by Learn Bitcoin on Today at 03:24:25 PM »
So those who think such tokens and coins can earn them a fortune then they are having a wrong mindset because most people lose in such trades unless they have already acquired some coins some way before the listing of the coin or token in an exchange.

Coins like Shiba Inu, Bonk and ORDI have created this hype. People think that if Shiba Inu could pump like this, or if Ordi or Bonk could pump like this, then why not another Bonk? They continuously invest, hoping to see another Bonk or another Ordi. Some shitcoin projects were successful previously. This is why people invest in shitcoins with the hope that they will have the fortune investing in shitcoins. To be honest, I have bough a couple of shitcoins back in 2021 with the hope that those tokens will pump as well. But I was wrong with my prediction and most of them now worth zero.
4
Myself using Paxful for P2P trades before that I was using LBC for years because I used to be a day trader that gave me decent profits but now things changed exchanges have their own P2P integrated for example Binance P2P integrated with Binance exchange itself.
Paxful, LocalBitcoins, LocalCryptos and even more P2P marketplaces shut down their business. I know Paxful came back weeks later after Ray Youssef left the company.

The service closures of P2P marketplaces are explainable with more stricter regulations on these platforms. Because with stricter regulations against money laundering, there are bigger risks of sanctions, expensive charges on those platforms and their CEOs. If they feel risky, they will go ahead and self-close their services.

You can find some from https://kycnot.me/
5
Cryptocurrency discussions / Re: Again, Don't Ignore Security
« Last post by Gladitorcomeback on Today at 03:18:07 PM »
You didn't mention anything about phishing attacks, they are one of the most famous and widely used scamming methods in any industry and not only in the crypto sphere. Scammers use a lot of tricks to get their victims to provide them with their personal data and credentials, but phishing links seem to work the most for them because I have seen and heard a lot of people getting scammed through this means.

So people need to be vigilant about this and never click any links they get from an unknown source, especially if a link is posted somewhere online or has been sent to them through a private message in any messaging apps such as Telegram which is full of scammers.
6
Well, technically we're 0.5% away from exiting one and entering a bearish market.
73666 > 59300 is a --19.50 % drop, a 20% one from the ATH means the end of a bull market if we go by standard definitions.

Me and my big mouth!
Just one day later and with the drop to 56 it's technically the end of the bull run and entering bear territory.

Funny how the drop has broken all bullish patterns:
https://dailycoin.com/crypto-bull-run-over-btc-weekly-close-stirs-concern/

Quote
This pattern is characterized by a strong upward trend followed by a brief consolidation period before an upward breakout. Mister Crypto’s measured bull flag target is a lofty $117,000. However, technical analysis is not an exact science. The bull flag pattern will become invalidated if Bitcoin breaks down below the roughly $59,000 level in the coming days and weeks.
7
But a reputable exchange on the other hand could also offer strong security measures to protect your funds, and are also very easy to use too.
Plus, some of these exchanges also have insurances to cover for any losses, just incase something eventually goes wrong and you end up incurring some losses.
Have you ever read about an exchange that managed to recover stolen funds or do something similar and get better soon after that? I can only remember Binance, and even that the amount of funds lost is small, while in other cases most of them are lost or take a very long time to recover (sometimes get reduced too). I dunno, I wouldn't call these "strong security measures".

Just look at this list (while I can't guarantee the accuracy of the numbers, you should be able to read the case further if you want to research them)[1].

[1] https://cointelegraph.com/magazine/crypto-exchange-hacks/
8
Glassnode Insights with their latest report has an update on Bitcoin trend accumulation by cohorts.
Quote
Accumulation Trend Score
First, we will employ the Accumulation Trend Score to illustrate how investor accumulation patterns have shaped local tops and bottoms since the FTX crash.

During the early stages of both the 2020-21 and 2023-24 bull runs, we can see a confluence between local regimes of distribution (light colours) and intervals of price contraction. As the market rallies to new highs, sell pressure is re-activated, as investors bring dormant supply back into the market to satisfy the inflowing demand.

As spot price reached new ATHs in mid-March, the same pattern of local distribution occurred, which was intensified as news around the conflict in the Middle East broke, causing a correction to $60.3k.

Bull local distribution break-down
If we inspect the breakdown of this metric by wallet sizes, we can complete a more detailed assessment. Here we see a distinct uptick in net outflows 🟥 across all cohorts throughout April, suggesting a consistent sell-side pressure across the board.

I really hope to see this healthy correction and local distribution lasts for a while, like some months to help NUPL to drop further.
https://www.lookintobitcoin.com/charts/relative-unrealized-profit--loss/
9
Basic Questions about Cryptos / Re: Is this the bottom?
« Last post by Gladitorcomeback on Today at 03:03:47 PM »
Exactly. Diversified investment is the pretty idea way to go with altcoin investment and hodl through the altcoin season. This time is not the time for an investor to complain about their loss of investment because generally the crypto market is in the red zone and it is expected that all altcoins to experience a decline in price, maybe in months, the market will bounce back and everyone will begin to smile back. As we already know, you don't lose in crypto unless you sell at a loss price. This is not the time to complain but instead, a time to accumulate more altcoins you believe will do well in the bull run season

Let me tell you a harsh reality, this market is too sensitive, believe it or not, if the market manages to decline further, and if Bitcoin goes to $50k or below, we will witness a very large sell-off because people will start panic selling when they see that happening, they will start thinking that they should sell now before they lose more profit if they are still in profit, and they wouldn't think that the market will decline further if they sell.

My point behind saying all that is, that though I agree that this is a good opportunity to accumulate more coins and tokens that are good, one should make sure they are not going all in because there is always a possibility of the prices getting cheaper in the near future.
10
Bitcoin Testnet Thrown into Chaos by Jameson Lopp’s $1 Griefing Experiment

Jameson Lopp, co-founder of self-custody solution Casa, recently made a bold move that stirred the Bitcoin community. Lopp conducted a “griefing attack” on one of Bitcoin’s testnets. The disruption caused significant difficulties for developers relying on the testnet’s stability to test new applications... Read more here.



This is definitely extreme way to prove a vulnerability. Even before this, running testnet node already challenging since few people decide to store arbitary data on testnet. Your opinion is greatly appreciated.
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