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I can't keep up with all the crypto drama
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well blockchain.info was a company whose main investor was RogerVer IIRC, bcash supporters, their explorer doesn't even parse SegWit transactions properly yet I think
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quite a facepalm
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something similar with bitpay, but worse they force the customer what wallet to use because their QR codes uses a format that only their wallet understands; plus if you do this you're forced what fee to use by the merchant
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many shitty stuff like this; and forget about them supporting lightning of course
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Well from what I read about lightning, it seems to have its own share of problems already even without these two
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But the wallet thing is actually a real facepalm
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I was wondering when I looked at their page
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I mean their codes look cool, but if you force everyone to use your wallet, what's the point of an open ecosystem
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I guess there is no money in that
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lightning has its own UX problems like with everything new, it'll get there (I'm working in a project involving lightning myself, AMA)
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Yeah, one of our 4 can cash out, almost no one ever does
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Bitcoin is just one giant UX problem
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Still unusable for normies
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that's one of the things that lightning will fix no need to worry anymore about confirmation times or exorbitant miner-fees
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If you're not at least part cypherpunk or tech-addict, you need a really good (likely nefarious) reason to use โ‚ฟ, unless you're just investing.
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I hope you're right about lightning
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s/will fix/is fixing/
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I'd love to work on some of the UI pieces on some of Bitcoin's future normal-person on ramps
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It'll be nice when it's difficult to send Bitcoin into the abyss (wrong address or BCash address)
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Nah. There are very few jurisdictions where the tax and accounting implications of that do not vastly outweight any potential lower tx costs (tx costs in the broad sense, ie., include ux, volatility, etc, etc).

Everyone has their own personal preferences. If your cash balances are primarily or only in bitcoin, then you obviously need to spend bitcoin for daily living expenses, but for those where bitcoin makes up a minor part of their cash balances for most payment use cases the broad tx costs (volatility, ux, opsec/key mgmt concerns, tax, accounting, delta in opportunity cost of holding it vs fiat, etc, etc) are much greater than with ACH/SEPA/Visa/Venmo etc.
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Is there a way to validate whether an address is BTC or BCH?
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I see some newer coins are pretending their symbol to the hash but I assume BCH doesn't because their whole business model seems to revolve around duping people into thinking it's regular Bitcoin
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Old addresses are valid on both chains. Not sure if that's also true for wallets created after the fork.
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Addresses starting with 'bc1' are definitely BTC, addresses starting with a 'q', a 'p' or 'bitcoincash:' (the new CashAddress format) are definitely BCH. Legacy addresses starting with a '1' or a '3' are valid addresses on either chain.
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I think most BCH software is supposed to enforce the new format, so in theory there shouldn't be any confusion, but I don't know how it actually works out
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Btc addresses can not start with bc1
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They start with a int depending on how they get generated
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Most addresses start with a 1because of how the code is written
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I have a regex for validating them somewhere...
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ynlrkqbvuh addresses starting with 1 are the oldest ones
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you also have starting with 3 (for multisig and segwit ones)
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and most importantly, bc1 are legal too, it's a new standard called bech32
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balrcdulab there are several hundred bc1 addresses in that block you linked ๐Ÿ˜‚
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exactly, and btw, saying they start with an `int` is wrong too, because for example addresses starting with 2 are not legal (they are the ones used for testnet AFAIR)
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ythmhnyhdz bc1 are segwith addresses and not original bip32 addresses en.bitcoin.it/wiki/Address
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Indeed
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whvvfngt they are starting with 1 or 3 depending on how they get generated, 1 and 3 both being int's
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But not all ints being 1 or 3
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All starting with one are valid on both chains, but some starting with 3 (P2SH-wrapped P2WPKH) are valid in Bitcoin and spendable by any in Bitcoin cash
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crypto twitter is cancer
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Hah
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So true
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I have an alt account just to follow rubbish there as a sort of armchair sentiment analysis
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But wow, that rubbish
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Do you have any crypto currently?
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Of course
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Zero
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I'm just a spectator ๐Ÿ•
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I have a bit, that way you are more invested into the roller-coaster
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BTC feels like it has been flatlining at 10k
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Tether pumps aren't working ah
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All the dreams will die, we will be stuck with fiat, and then in 15 years all it will be used for is to get into obscure electronica raves.
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I was thinking it could become a collectors item like "I have this coin, it hasn't been mined for 10 years now"
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only to realize that this coin couldn't be moved at all and would be totally worthless
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I am sitting on mine, regardless of the technical realities, I am interesting to see what happens with this facebook crypto mess.
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I don't have any BTCโ€ฆbut I have a little ETH, LTC, XRP, 0xโ€ฆfew othersโ€ฆnothing overly substantial though
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Love keybase.
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Only for existing accounts by the way, to prevent bots from registering new accounts to capture airdrops.
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nothing like giving away 120 million lol
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They are giving it every months for 20 months, but every active users can get 500USD maximum.
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I find airdrops the surest sign to avoid a crypto
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Unless it was some centralized utility token, like if amazon ICO'd or Libra happened and did one
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But yeah, feel like the promise of crypto is tied in with it being deflationary
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It's not an airdrop in a traditional meaning. Just a giveaway. But I agree with your sentiment.
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But I also won't say no to free money, even if it's just a few dollars. It doesn't require me to do anything special. ๐Ÿ˜
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even fiat currency has "airdrop" in some way tooโ€ฆ Especially in developing countries, when election happens.
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Developing country currencies don't sound like a good investmenteither
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Has any respectable currency ever airdropped?
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I cashed out USD300 in stellar that I scored in one of those giveaways a couple years back. Don't see much downside in it.
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That's awesome lol
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feels like a terrible mechanism to create a widely-used currency
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but awesome to anyone that innocently profits off of it
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Just got CAD$28 worth of Lumens.
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If I weren't so lazy about it I would take all the freebies... except for the ones that end up demanding photo ID to access (looking at you BAT, I'm not sharing my passport to access less than a dollar of crypto).
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Amount 94,504 BTC ($1,018,147,900 USD)
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It's like 0.5% of all the supply
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Nice stashโ€ฆ /
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Probably and exchange I guess ?
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Yeah. Someone traced the transaction graph and 90% of the coins came from the same exchange. Lemme see if I can find that link again
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Hey, has anyone tried crypto.com app and their MCO Visa card?!
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It would be interesting to see what percentage of Stellar airdrop tokens go straight to an exchange. But if they sell somebody must be buying.
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Keybase just airdropped some
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Yup. Haven't been on keybase in a year until today.
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i didn't even know keybase had a chat app
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wasn't it originally a place to have a profile w/ your public PGP keys and what not?
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i'm gonna check out keybase, find out if i like it any better than slack or discord or telegram
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does anyone like it?
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need to connect up an old github/reddit/hn and have 3 devices or keys to qualify for that airdrop.. good way to get ppl invested into the app
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so basically desktop, mobile, and a paper key
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lol, even yang has a keybase chatroom
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well thanks to keybase i own my first crypto
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now how do i turn this into real money
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Or how can you turn your real money into crypto?
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xtspqhkj welcome to the cult!
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Keybase has a lot strange features
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You can host git repos in keybase
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xnfjdyks simple, sell that stellar shitcoin for bitcoin
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xbocgosc you can sell it on an exchange like Coinbase or Binance
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Or convert it to a different coin, of course
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Kraken also lists XLM
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I'm sure there a many others
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If anyone wants to earn more free XLM, use this link to sign up for Coinbase and watch a few short videos about Stellar to earn $10 in XLM coinbase.com/earn/xlm/invite/8mj7cdv1
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Here are the answers to the quiz if you're lazy:

Q1 A decentralized protocol that unites the world financial infrastructure.
Q2 Facilitating low cost, universal payments.
Q3 Transactions are fast, inexpensive, and global.
Q4 To issue, exchange, and transfer tokens quickly and efficiently.
Q5 It relies on the cooperation of trusted nodes to confirm transactions.
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Also, you can use this link to earn some free EOS coinbase.com/earn/eos/invite/chkb8jn9
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Quiz answers

1. Blockchain protocol for fast scalable transactions
2. Delegated proof of stake
3. Fast free transfers
4. Stake EOS tokens
5. Upgradable smart contracts
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ring the affiliate link alarm
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So what's the right thing to do when you overhear some morons in a coworking space trying to lure people into a pyramid scheme involving crypto? Warn them or just let natural selection do its job?
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Change the subject to Elon Musk. Then be like "why isn't he into this big thing you're talking about?"
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De Musking Strategerie
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I have no sympathy for scammers and might join the conversation if I wasn't too tired that day
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Whatever you do, don't take investment advice from them.
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Any exchange recommendations for Europeans? Coinbase pro is going to triplicate their base maker fee next week
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btxbuffw lol .5%.. Binance is .1% at the most expensive. As low as 0.06% with bnb discount and referral
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I think they are opening (or have opened?) Binance Jersey for Eu/UK and fees are .05 until end of year
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bhzuifaa kraken?
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duhnomhns Thanks! I've signed up to binance.je
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orzkwzioa It's better than coinbase now, but it wasn't before, and binance fees are lower
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Kraken has crazy scam pumps
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But might not be relevant if you're not actively trading
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scam wicks? what does that mean
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ofqclzgis I have a kraken account but never tried to withdraw EUR in the EU, does it go well? no issues with bigger amounts?
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rzfmfyvm I withdrew around 40000 euro to my European bank account from kraken with monthly 5000 euro batchesโ€ฆ never had any issues with it.
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great thanks!
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I needed an alternative to BitStamp
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lol, that indeed can only happen if there's lots of volume
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its the lowest volume exchange out of all the majors which is why whales can come in and have that kind of effect
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finally eq broke jeeze
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can anybody fill me in on the state of binance as concerns US wallet holders
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(like in the legacy platform)
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depends if you submitted KYC or connect from a US IP
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I assume nobody here trades regularly?
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I assume it's probably a losing proposition, especially considering the time investment.
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there is certainly a LOT of noise to sort through
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avoiding CT certainly helps ๐Ÿ˜‚
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Triangles... triangles everywhere ๐ŸŒˆ
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day trading is fool's gold
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certainly not for the faint of heart
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or mindโ€ฆ.
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I regularly start and stop again if that counts
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I did some daytrading over the summer. Made some okay money, but I lost quite a bit as well
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Strong nerves are definitely required
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hm.
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on that basis, i made a half a million dollars this year.. but i lost quite a bit as well ๐Ÿ˜‰
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Statistically one of the most likely ways to lose money day trading
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for sure.
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I'd trade if I have legally usable insider knowledge or really think I'm smarter than most people on a trade but I'm 99.99% not
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HODLing long term gives statistically more likely higher average returns but doesn't sound wild so it's not perceived as cool
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Carefully HODLing my BTC and ETH now for 5 years
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Buy high, sell low, how hard could this really be?!
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For day trading I think a big part is also greed, like it seems you really hear a lot about someone losing a lot is because instead of being smart they got greedy and just wanted to get a little bit more
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yea proper risk management is antithetical to the whole gambling thing
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sjykicxfhk yeah but even then with enough trades people are bound to lose statistically in 99% of cases, it's incredible people have the amount of selfesteem to think they're part of the 1% when trading
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stock trading is a legal casino, kinda how alcohol is a legal hard drug
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Even institutional investors like giant funds who literally have lunch with the CEOs etc of the companies they invest in, underperform average total market returns
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pipipkzgblqkvbb Yeah I know, if someone makes it work for them good for them, but for me personally all that stuff just flies over my head and I try to stay away from the stuff I don't understand (as otherwise it seems like a good way to lose your money)
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I'd go further that studies on stock trading have proven beyond doubt that even if people would research and think they understand it, they'd still lose
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There's nothing to understand, individual stock prices are random noise if you remove the effects of the entire stock market
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I agree with you
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I day traded and lost but knew a guy who made it, 10k-100k and then eventually several million.
His strategy was always the same, every single time. He would only trade on breakouts, would calculate the volume for the day and project it forward using intertia to guess if it would be a high volume day, and then would ALWAYS sell at a gain that was equal to the range of the consolidation and would always have a 2% stop loss.
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He told me it was boring and everyone would laugh at him when he got out early.
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Institutional day traders also have a higher than average success rate because #1 it is not their money and #2 they have very strict guidelines for what they can do.
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it's similar to saying "you can't make money playing blackjack because there is nothing to understand"
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do most people lose money? definitely. Does that mean you can't make a profit (and in some cases, very good, consistent profit)? no
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Sure, but there's also people making money in casinos, but that's not a recommended way of getting rich
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Great article showing the stats from studies on individual traders and day traders underperforming the market www.tradeciety.com/24-statistics-why-most-traders-lose-money/
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Only 1% of day traders can long term get a net profit, that's incredible
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what stock prices do are certainly not completely random. They react to significant price levels in fairly predictable ways (sometimes very precisely down to the pip). I get the point, and I think that's what most people need to take away from it - "you WILL lose money".

Also, the "trader" classification seems weird. It would be more accurate to say "95% of all people who try and make money day trading fail" because just because you have been "trading" for a month, does not mean you are a "day trader". It's like calling someone who has been learning a programming language for a month a "developer/programmer".
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99% of people who have spent money playing blackjack also fail to become "blackjack players"
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and yet, there are a not insignificant number of people who make a living off of it
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because it too on the surface seems "random" but it's not
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and again, I am not saying that this is not true and shouldn't be the message
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good day trading is all about having a system and following it to a T. It doesn't guarantee gains (nothing does) but it does cut out the biggest issue with investing emotion.
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tbzxopkhw yep agree, I think what phases me as weird is how society at large still sees day trading as an actual thing that most people can just get into, just as it's unimaginable saying anyone can just become Taylor Swift
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vicdqnycnaays there is a historically guaranteed gain in long-term diversified portfolio investing:

```The S&P 500 Index originally began in 1926 as the "Composite Index" comprised of only 90 stocks. According to historical records, the average annual return since its inception in 1926 through 2018 is approximately 10%. The average annual return since adopting 500 stocks into the index in 1957 through 2018 is roughly 8% (7.96%).```
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Do you think that if you put $100 into an S&P 500 index right now that it is guaranteed to be worth more than $100 in 92 years?
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Don't you wish you had put $100 into the ETH ICO? ๐Ÿ˜„
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haha, well my buddy spent a couple bitcoin on a pizza in college because it was cool that we could spend virtual money on real things. Looking back, that was a super expensive pizza
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tjnrqrdgmlbiilw definitely agree that the idea that anyone can do it is very misleading (and usually touted by those who want you to buy something). Trading successfully and human emotions are mutually exclusive which means very few people not only find a strategy that works, but are able to stick to it consistently enough to beat the odds
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isnt that pizza guy loaded now any way from other ventures?
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txyyecdrnmmph if you put $100 in a portfolio of diversified market indices like S&P 500, DJIA, FTSE, MSCI World etc. then yes
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it's a globalized world now so the assumption would be we need to put our money in a more diverse set of markets
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oh im allllll for diversified index investing, right there with ya xtcmxyirgwqmyuk
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that's what I mean, long term diversified investing is the most suitable way for most people to invest
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i believe that's the best way to guarantee you the highest chance of increasing your investment
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but the least flashy most boring way and that's why it still gets so much pushback
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very true, but i always tell people that nothing is guaranteed in investing. sure the odds are best with long-term diversified investing, but always remember the famous investing mantra "Past performance is no guarantee of future results"
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Yep
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buy beanie babies!
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you're all fools not to CUDL.
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i'm investing everything in DOGE
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you've just got to CUDL no matter what people say to you.
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kmacfislkuwrqhm By no means am I a finance expert, but it's also interesting to take note of Foreign Sales Report for each index. e.g. Foreign sales for S&P500 companies is roughly 45% while FTSE is approx 75%. So by simply investing in these two indexes, you're really diversifying worldwide - possibly more than one might think
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Didn't know
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Oh nice
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I'd love to buy something that tracks Asian markets at some point
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actually that was data coming from back in 2017 ... according to Reuters in 2018, "Roughly 60 percent of S&P 500 tech revenue comes from overseas, according to Thomson Reuters data."
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pretty crazy
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ahh "tech revenue"
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The stock market is not entirely random, simply because choices are usually made on some kind of data. The reason TA works is not because of some underlying principle, it is because people think it works and if there is any kind of consensus you get a predictable out come.
However, having read 10-15 books including an entire text book, I can tell you that there really only one pattern in TA and that is breakouts and breakdowns. Even things like cup and handle patterns are essentially just complicated breakout patterns.

I will give a perfect example, a moving average. Traders will often look at the line on the chart as support/resistance, the problem is that a moving average which is a low pass filter. So let's say you have a 15 day SMA, the last point of that data should be about 7.5ish days delayed and when you do this you will not that the smooth line will line up with the daily motion. However since it has been getting plotted incorrectly forever consensus formed that its physical location shown incorrectly matters and sure enough you will see bouncing action when the price gets near them.
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Yea I think there are two reasons markets can be predicted to some extent:

1. What you already mentioned about how if people all are looking for and reading off of similar ideas, its becomes a self-fulfilling prophecy

2. There are big players who decide the market (Market Makers). If you can understand what they want then you can better predict what the market will do
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And number one is also further solidified through bots that trade off of algos that are also based in TA
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Another problem is that when institutional traders want to purchase/sell large blocks of shares, they don't just want to throw billions around in a day at a risk of sky rocketting or dropping prices. So what their traders do is manipulate the market up or down so they can acquire or sell these large blocks. These traders are not caring about making money on daily fluctuations per se. Essentially you are playing against someone who doesn't really care about daily fluctuations, they are more interested in just keeping the prices in a certain range. So you at the 10x margin is sweating at the 1% price changes and the institutional traders it is just a cost of doing business.
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They will do things like manually do a bad trade at a high/low number to make a bunch of stop losses auto-fire.
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^^^^ AKA "stop hunts". When you realize that the market moves based on where liquidity is, you realize the retail trader mindset is the opposite of what MM's want
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which is why breakout trading is a losers game almost every time
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Interesting, stop hunts. That is the first time I have seen that term, I remember when I was trading people called the movement a "saw"
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Well it's also why breakouts can work when they do work because essentially when the MM's finish the price control stops so the price can spring up quite quickly.
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yea stop hunts are some of the most profitable for me. Major stop levels can be seen from a mile away and are essentially never blown past the first couple times. The last major one at 8800 at BTC for example
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rekt?
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God, that was fast
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I actually checked her twitter when this was posted and the message was gone.
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These cryptards deserve everything they get. Recommending leverage trading without understanding what a margin call is should be put in internet jail. It's irresponsible and unethical.
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The higher the margin the greater the returns!
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200:1, 300:1 !
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lol there are exchanges with 500:1 now. your liquidation price would be like $5 form entry :joy:

I definitely agree that people make light of leveraged trading and should be shamed, but I also think if you jump in and lose money without first understanding the system, then it's on you as well
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I lost a lot before I wised up and actually learned what it all means
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but I know most lose it all before they decide to do that
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and this isn't unique to crypto. Many FX exchanges are like 200x by default
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Ya but the movements in FX are so small that if you didn't use margin, it would be hard to make any money trading.
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any movement x200 is enough to wipe you pretty quick
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especially if you have no idea what amount to risk in the first place
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This is basically the efficient market paradox at play. If the market is efficient, there are no arbitrage opportunities (i.e. you can't beat the market). If you can't beat the market and people know it, they will stop trying to beat it. Because people stop trying to beat the market, arbitrage opportunities arise. Thus, the market is not efficient.
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Of course, when people realize that the market is not efficient, some will look for arbitrage opportunities and they are bound to find them. But by exploiting them, they expose the inefficiency and thus make it go away. Therefore, the market is efficient again.
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How can this still be going on? Those are Bitconnect returns
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Not sure what you are referring to deureafdyjlobctt
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Yobit paying 1% dividend daily on BTC "investments"
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BTC is Bitcoinโ€ฆ..
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BCC was bitconnect
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He's saying those are Bitconnect gains because 1% daily gains on your BTC is unsustainable for any prolonged amount of time, akin to Bitconnect or other crypto pyramid schemes
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ah I see
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it's how they get your BTC on their exchange
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and buying their tokens
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On their site it says you need to have 20 YO tokens though (20000 USD) to access the 1% daily returns, but still I don't know how they plan to keep giving that out
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they may pay out in YO tokens
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Hmm that could be
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They also say that you can't sell any YO, so that would make sense. Then they'd pay you out in YO that you can't sell
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๐Ÿ˜…
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yep. Can't have everyone dumping their payouts
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people buy YO to get the payout but can't sell so price theoretically goes up and they get more volume/deposits on the exchange
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1% daily return. Suuure.. ๐Ÿ˜
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Was missing that one
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I can't believe people were staying in that room while that was going on..
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Fake / onion style post ^
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.
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poor guy has a rare `spermafortis` condition
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I hate when that happens.
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this is an onion style site right?
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i dont want it to be
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Hopefully he doesnโ€™t ejaculates in the oceanโ€ฆ
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Wtf is this trash I am now dumber from reading it
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We need a block, made of chains, to save the world
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yeah, no blockchains in that pool, not valid story
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looking forward to this
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fact Nicolas Maduro is the first president in history to make a cryptocurrency-based purchase and air it on TV >https://www.facebook.com/NicolasMaduro/videos/1430617517090698/>
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fwiw his petrocrypto ambitions are the primary reason he has drawn US ire
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I think he has been causing US ire for a long time...
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anyone here making trades based on google trends and daily sentiment analysis?
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I've done that, but it feels way too much like gambling with all the whales in the market.
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can you elaborate? i'm pretty new to this
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(i know what a whale is, just wondering what the dangers are)
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selling or buying large holdings can significantly move the market just from one whale. So it makes everything unpredictable and volatile.
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Yeah, I really feel like it's a whale's world, and sentiment analysis is a fool's errand. The market isn't rational, it moves for inscrutable reasons, and then people start making up post hoc explanations, often by invoking some obscure news in China, for example.
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This isn't a data-driven argument, mind you... just my general sense of watching this space for a few years. There was definitely a time where Google Trends activity seemed to correlate with price, during one of the earlier booms, but I haven't seen it work like that since then. There are plenty of one-off events in crypto market history.
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Efficient market theory was created to get sheep traders in the market to create liquidity.
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Warren buffet states that he made all his money from market ineffieicnecy. Primarily trading when price to book ratios were at a depressed level versus their average.
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yuikddullud attempting to trade based on hype/FA is a losing game. Especially since you would have no clear invalidation. You would be better off Dollar Cost Averaging with spot over such high timeframes
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and especially with btc, the social consensus should almost always be counter traded
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I'm trading in ~45 coins
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Built a custom dashboard
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Will look into DCA
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The way I look at it, if 'buy x' is trending hard, the price is unlikely to go down anyway
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yeaโ€ฆ no. Thatโ€™s a retail mindset. Just because the masses are screaming โ€œbuy x!โ€ does not mean it is unlikely to go down. Especially with low liquidity altcoins, as was mentioned, the market markers (whales) decide the movements
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in the crypto space, there are so many maximalists/permabulls
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itโ€™s 99% noise
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you are better off filtering the bullshit on CT and trading based on that
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(not an endorsement)
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believe me, there are many people who have tried doing what you want
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itโ€™s just not reliable
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and as I said, too unspecific
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Yeah I certainly see what you mean by low liquidity
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What's CT?
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Crypto Twitter
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but again, a LOT of bullshit on there
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stuff like this
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๐Ÿ˜‚
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itโ€™s a pissing taking contest
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Also is there any YouTube pundits you would recommend?
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or is it? lots of people believing a lot of ridiculous things
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gjqqupiuvys I donโ€™t watch anything in regards to crypto on YT
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invalidation meaning a point at which you decide your trade has gone too far the other direction
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such as a Stop Loss
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you canโ€™t really determine that with any specificity when trading based on sentiment
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or FA
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An example strategy would be hold the coin for 3-7 days post spike, in all cases
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I can actually run a strategy retrospectively with the apis that are available
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Yea like feel free to backtest and see what you get. If it works it works, just providing my perspective
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And I appreciate your feedback ๐Ÿ‘
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Yea no worries, happy to help
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Anyone wanna sell me a few hundred bucks crypto? My 2FA device is on the other side of Canada so I canโ€™t log-in to my platforms. Happy to send the cash first :-)
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Is this true ?
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must be bullshit
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but anyone can put up some bs website and make whatever claims they want ๐Ÿคทโ€โ™‚๏ธ
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They've got a squarespace website. Must be legit
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.
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I'd say assume bullshit until they prove the funds and start paying up
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Iโ€™m rapidly coming to the conclusion that the best way to trade crypto anonymously is to go to a meetup wearing a fake mustache and funny hat, and just do it with someone OTC.
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tozwjzsxskflnaf but everyone thinks it looks weird to have a plastic one above a real one
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Nahh - thatโ€™s just mustache 2FA ๐Ÿ˜œ
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the first bs is call this term "CT" and expect others to understand u ๐Ÿ˜‚
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what's wrong with using HodlHodl exchange (no KYC) along with WasabiWallet (onchain privacy)?
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I started with 50 and Iโ€™m down to 5 ๐Ÿ™Œ
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haha
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