Binance

I think posting information/ideas is what makes this board great and I applaud your motivations.

That's said, there are a lot of new crypto investors on the board, who likely only have experience trading equities, and may see a "per market cipher, BTC is likely going to do X, Y, Z so a limit of $x may be reasonable" statement and think the data has the same credibility as a technical call on AAPL, SPY, etc. Despite a disclaimer.

I'm willing to risk being an ass by pointing out when it doesn't work in an effort to level set expectations for less experienced folks.

VET

NTXAg10 said:

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Binance

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How do you get that to work in Texas ?

NTXAg10 said:

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I'm not sure what you're talking about. I'm always in Canada when I access Binance.

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I'll work on relocating now

NTXAg10 said:

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I think posting information/ideas is what makes this board great and I applaud your motivations.

That's said, there are a lot of new crypto investors on the board, who likely only have experience trading equities, and may see a "per market cipher, BTC is likely going to do X, Y, Z so a limit of $x may be reasonable" statement and think the data has the same credibility as a technical call on AAPL, SPY, etc. Despite a disclaimer.

I'm willing to risk being an ass by pointing out when it doesn't work in an effort to level set expectations for less experienced folks.

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That's absolutely fine. Feel free to call me out by I am only offering information that I've studied. It would be nice if someone else would actually offer trading information. I haven't seen any yet. If we cannot post without being called out because you're trying to protect everyone, I just won't post. Because dadgummit we will all be wrong occasionally.

Maybe this would be a better response:

"It sure fell harder than this guy's article said." It shows how much information is out there and you need to be careful with your trading."

In the end if you got in at $58,200, you'll be loss for about 2 days (AGAIN, ROUGH ESTIMATE) and then when it pushes 65k, you will be doing well. Maybe some people wanted to wait until this morning before buying in. I hope that happened either way.

I'm naturally sarcastic and generally have to reserve my tact reservoirs for work/family. I can't guarantee it won't happen again but noted.

Where can I get a roadmap summary for each of the alt coins out there? I think the implementation and adoption of these coins are going to be the key to whether or not these are going to shoot up. I'm not sure how much of a joker Cuban is with Doge but that type of adoption will eventually determine who wins and who loses.

Each of em will usually have their own road maps on their designated websites.

administrative errors said:

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Each of em will usually have their own road maps on their designated websites.

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I know but surely some blogger or journalist has consolidated it somewhere.

all 6469 coins? (as listed on Coingecko.com)

NTXAg10 said:

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I'm naturally sarcastic and generally have to reserve my tact reservoirs for work/family. I can't guarantee it won't happen again but noted.

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We'll, after my poor trading last night I may just be a bit sensitive!

MR Gadsden said:

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all 6469 coins? (as listed on Coingecko.com)

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No, top 10, 25, pick your number; by market cap.

You can go to coingecko or coin market cap and click on any of them and then click on info and it will tell you where their website is what their telegram address is it even might give you a little blurb about what they do.
Some examples of some of my favorites:

Check out Tezos https://www.coingecko.com/coins/tezos

Check out NEXO https://www.coingecko.com/coins/nexo

Check out DexTools https://www.coingecko.com/coins/idextools

India is about to ban its people from cryptocurrency altogether. Will be illegal to buy, trade, mine, or even possess cryptocurrency.

https://arstechnica.com/tech-policy/2021/03/report-indian-government-is-planning-outright-ban-on-cryptocurrency/

I'm excited to watch perceived futile efforts in action. Will this drive the price of bitcoin in India dramatically higher? There used to be a myriad of attempts to arbitrage crypto in exchanges with large differences in prices. The risk being never getting your money out.

Will this effort be as useful as the soviets banning the dollar, solidifying its value to the people who hid and accepted dollars everytime they could, and was the best tool for bribing officials?

administrative errors said:

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I'm excited to watch perceived futile efforts in action. Will this drive the price of bitcoin in India dramatically higher? There used to be a myriad of attempts to arbitrage crypto in exchanges with large differences in prices. The risk being never getting your money out.

Will this effort be as useful as the soviets banning the dollar, solidifying its value to the people who hid and accepted dollars everytime they could, and was the best tool for bribing officials?

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If sovereign nations ban crypto, it will destroy the currencies. I'm not willing to break the law to own a novel investment. Neither will Tesla or Goldman Sachs or millions of other law abiding Americans.

If the United States made it illegal to own, buy, trade, or mine crypto, it would be over.

but in reality, Wyoming and Kentucky are instead incentivizing miners to mine in their state and writing laws to encourage the use and development of cryptocurrencies. In reality, we have legislation written to allow the formation of the first crypto-specific banks, [kraken, Avanti, and another can't remember].

I wholeheartedly disagree with your premise. Watch what happens in India. In your world we should see a flood of "cheap" bitcoin but I prognosticate that majority will continue to hold their btc and the black market will flourish.

How can they prove you own any on a non custodial wallet?

Fkin LUNA

Are we expecting a short-term price bump due to all the stimulus money hitting this week or no?

Cactus Jack said:

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India is about to ban its people from cryptocurrency altogether. Will be illegal to buy, trade, mine, or even possess cryptocurrency.

https://arstechnica.com/tech-policy/2021/03/report-indian-government-is-planning-outright-ban-on-cryptocurrency/

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It won't matter. India doesn't hold a large enough portion of the existing bitcoin for their actions to matter. Once people realize that India is irrelevant, I expect bitcoin to rise again.

Just thinking about this today: What happens to bitcoins that are lost due to someone losing their wallet and their wallet seed phrase? Are those bitcoins just inaccessible forever, but still floating around in the blockchain? If so, how does that affect bitcoin overall since there is only a finite number of bitcoins?

Some are inaccessible forever, some have been purposefully destroyed [proof of burning], and some have been successfully recovered through brute force and time.

For one that are permanently lost, it makes bitcoin an even rarer substance.

administrative errors said:

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Some are inaccessible forever, some have been purposefully destroyed [proof of burning], and some have been successfully recovered through brute force and time.

For one that are permanently lost, it makes bitcoin an even rarer substance.

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How do we actually know the number of "lost" bitcoins though? My understanding is that they all still exist in the blockchain, but are not accessible. Doesn't this present a problem for the perceived value of bitcoin?

They exist, we know they exist, we know they haven't moved in x period, assumptions made on supply based on these variables. There have been moments from OG miners that moved bitcoin where people assumed that they would be sold and new "liquid" coin would make the market move accordingly.

Not a problem, just factors that exist.

https://seekingalpha.com/article/4082979-how-much-bitcoin-lost-forever

Quote:

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For one that are permanently lost, it makes bitcoin an even rarer substance.

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People will die & no one will know where their passcodes are kept.
Passcodes will be lost or misplaced.
The computers they are saved on will burn in fires.
Angry spouses will throw out phones with bitcoin info on it.
The future EMP or Solar flare will wipe it all out.

All bitcoins will eventually be lost. It's musical chairs with trillions upon trillions of dollars.

I will cling to my guns, ammo, precious metals & booze. See y'all after the apocalypse.

Apache said:

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Quote:

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For one that are permanently lost, it makes bitcoin an even rarer substance.

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People will die & no one will know where their passcodes are kept.
Passcodes will be lost or misplaced.
The computers they are saved on will burn in fires.
Angry spouses will throw out phones with bitcoin info on it.
The future EMP or Solar flare will wipe it all out.

All bitcoins will eventually be lost. It's musical chairs with trillions upon trillions of dollars.

I will cling to my guns, ammo, precious metals & booze. See y'all after the apocalypse.

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I mean, there are ways to store your seed phrase on a piece of metal to recover your wallet assuming it isn't the apocalypse, and you can note the bitcoin information in a will.

For those who own a substantial amount of bitcoin based on its value today, what is your strategy for keeping your hardware wallet and seed phrase safe?

Could you or should you keep your seed phrase locked up in a bank safe deposit box?

My biggest fear is losing everything I put into bitcoin due to a freak accident, natural disaster, or theft.

Could and should.