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Showing 20 of 226 results by Alpen
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Board Trading Discussion
Re: Anonymity vs. KYC: The Pros and Cons of Cryptocurrency Exchanges
by
Alpen
on 28/08/2025, 04:37:58 UTC
Hey everyone, I wanted to start a discussion around the topic of anonymity and KYC (know your customer) requirements in cryptocurrency exchanges. As we all know, there are exchanges that require extensive KYC verification, while others operate with little to no verification process.

On one hand, KYC can help prevent fraud, money laundering, and other illegal activities. It can also provide a sense of security and transparency for users who want to know who they're trading with and ensure that their funds are safe.

However, KYC can also compromise anonymity and privacy, which are often highly valued by cryptocurrency users. Some argue that the need for KYC goes against the decentralized and borderless nature of cryptocurrencies, and can even put users at risk of data breaches and identity theft.

So, what are your thoughts on exchanges with and without KYC? Do you prefer exchanges with strict KYC requirements, or do you value anonymity and privacy more and prefer to use exchanges with little to no verification process? What are the disadvantages and advantages of each approach? And what measures do you take to ensure your anonymity when exchanging cryptocurrencies?

Let's have an open and respectful discussion around this topic and hear everyone's perspectives. Looking forward to your input!



That's an interesting topic. I actually used to be firmly against KYC. My first account was on Poloniex, and I left right after Circle acquired them and introduced verification. It was the same story with several other exchanges after that – as soon as they enforced KYC, I stopped using them.

I was planning to do the same with Cryptomus. They also started without KYC but then introduced it after getting their Canadian license. However, one of their managers convinced me to stay.

His argument was that basically all major crypto companies are licensed and require KYC now. So today, a lack of verification is more of a 'red flag' for an exchange than a benefit.

Besides, with all the wallet de-anonymization tools available now, you can't really talk about bulletproof anonymity anyway. But the fact that Cryptomus supports a privacy coin like XMR, combined with their transaction policies, ensures a solid level of quasi-anonymity.

So, in the end, KYC isn't an obstacle to anonymity. You can be 'hidden in plain sight' if you understand how cryptocurrencies really work
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Topic
Board Trading Discussion
Re: Are you using trading indicators?
by
Alpen
on 28/08/2025, 04:17:05 UTC
It is quite a while I have been on this forum, I have noticed some people saying they are not using trading indicators for trading, some people highly recommend people to use indicators. As for me, I have noticed to better draw lines or just carefully look at the candle sticks which significantly got me many information about the next steps to take. Out of all the indicators, I have preferred the RSI but which I can still also predict from the candle stick and I like drawing lines which can easily indicate the extent market increase or fall.

I just want to ask this question, are you using indicator for trading? If using it for trading, is it helping you. I just want to go beyond what we are reading online and see what people will have on this.

If you are using indicators for trading, which ones have you used that make a good trades for you?

For me personally, trading indicators are a simplified approximation of chaotic price movement. The lines on an indicator give us a clear way to forecast the trend. And as you mentioned, something like the RSI is great for predicting reversal points.

To detect a trend, I use a volatility indicator, and for spotting reversals, I use Bollinger Bands
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Topic
Board Trading Discussion
Re: Risks
by
Alpen
on 28/08/2025, 04:10:42 UTC
When people talk about risk many quickly point to cryptocurrency and forex as the biggest risks anyone can take. However this mid-year August 2025 was a real eye opener. For example my wife invested a lot of time and money in beans this year but when the market crashed the losses were heavy. This shows that even physical investments can be just as risky if not more depending on the circumstances.


Personally, when the crypto market emerged, I saw an opportunity for almost guaranteed income through staking.
Here's my personal example: I work in the stock market, where a 20% annual return is considered incredible. In crypto, I was staking stablecoins pegged to the dollar for 20% APY!!!

It sounds like your wife decided to jump straight into crypto and, based on the losses you mentioned, probably chose altcoins instead of Bitcoin. What made your family take on that level of risk right from the start?
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Topic
Board Economics
Re: How institutional investors crushed the dream of making it big in crypto
by
Alpen
on 28/08/2025, 03:52:29 UTC

?

Is that your hypothesis? Because you're wrong. When was the last Halving and what was the price of Bitcoin? Cool

You're right, I'm talking about the future. I'm predicting a drop in Bitcoin's volatility based on the clear data showing an increase of institutional players in the crypto market
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Topic
Board Trading Discussion
Re: Is it okay to trade without a source of income?
by
Alpen
on 28/08/2025, 03:41:55 UTC

For me, these are mutually exclusive things and it is not clear how the ability to trade and at the same time the complete lack of money for trading can be combined. Maybe things are different, he just thinks he knows how to trade, but in fact he's just a loser who lost a deposit.

Based on my experience analyzing PAMM accounts, I can say for sure that you don't have to be a successful trader to manage other people's money. In fact, it's often the opposite. It's a paradox
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Topic
Board Trading Discussion
Re: Short bitcoin market speculation
by
Alpen
on 25/08/2025, 03:56:05 UTC
Derivative traders gather here let have a quik talk about the current bitcoin price drop, we saw that bitcoin price just touched $111000 before gradually recovering to 112000 to $113,000 per BTC.
So which leverage amount will you use for me i want to take a long position with $20 and a leverage of 20x, what about you?

Dude, make up your mind. Are you for a short or a long? The title says short, but your first message is about a long position
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Topic
Board Economics
Re: Trump and the pressing rate cut
by
Alpen
on 25/08/2025, 03:49:06 UTC

Again, from the U.S. Bureau of Labor Statistics, the US core inflation rate looks upward to me, which was rekindled in March 2025. Is this the right time to cut the rate?



I agree with you; inflation in the U.S. is on the rise and will likely only accelerate. Trump will get his rate cut anyway, especially since Powell is set to leave his position in 2026. Plus, all decisions at the Fed are collegial, and the president has already started to go after regional Fed bankers—some have been replaced, and others are being pushed for early retirement.

Interestingly, we recently saw a similar situation in Turkey, where the president dictated a rate cut during a period of rising inflation. We can all see how that ended for the country.

From a different perspective, an economic downturn in the U.S. would actually have a positive emotional effect on the rest of the world. Such a reset, in the form of a severe economic crisis, can be quite beneficial.
Post
Topic
Board Bitcoin Discussion
Re: Fine a side hustle and accumulate Bitcoin.
by
Alpen
on 25/08/2025, 03:37:14 UTC
A member in my local board created a thread from the news she saw on X and here is the link to that thread.
Link and here is the link to the news on X link so according to the thread and news on X they said that a Brazilian man was picking cans and selling them and then using the money he generates from selling those cans to buy Bitcoin and he has been doing this for 2 years now and he is close to having 1 Bitcoin.
I really don't know how true this news is but I know is possible because I have a close relative who picks cans as his side hustle and he makes good amount of money from it because he sells it to companies.
When I saw this it really motivated my spirit, if you are working and your salary is not enough for you to accumulate Bitcoin you can fine a side hustle and be making money from it and then using the money to accumulate Bitcoin you never can tell how far you will go if you are determine and consistent for some years and like you know Bitcoin can change your life for good.
This is a call to everyone who's salary is not enough to accumulate Bitcoin fine a side hustle.
There is dignity in labor don't be shy when doing any side hustle that will be easy for you because you will reap the good from your hustle in the future.


Sounds like a good way to earn some extra Bitcoin for holding would be to participate in different programs, like learn to earn. That way, you can earn some crypto and get to know the market at the same time.

If you don't feel like studying, you can also get real rewards for simple actions, like opening a wallet or verifying your account. I got $30 just for doing that on Cryptomus. With that money, I opened a copy-trading account and now I'm earning from subscriptions from people who trade using my signals. It's a double win, earning from trading and from the copy traders.
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Board Marketplace
Re: Should crypto have a 'savings account' option?
by
Alpen
on 25/08/2025, 03:08:10 UTC

Celsius users got a 80% paycut, they didn't get paid in full.
MtGox victims get paid more in $ *not counting inflation) because the assets appreciated, if not they would have got 10%.
Ftx? Paycut!
3AC? Recovered less than 1% through chapter 15!

The success stories you hear are just because BTC appreciated 3x or 6x times between the loss and the reimbursement, but the money was always paid in $. How would you feel if your brokerr would pay you back at the price of shares back in the 70s?


[/quote

I'd be more than happy if my broker paid me back all my money, just like what happened with those crypto platforms you're talking about.

It doesn't matter how or why it happened. The fact is, the money was returned. Demanding extra for some kind of "lost profit" in a bankruptcy case is just absurd.]
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Topic
Board Trading Discussion
Re: Is it okay to trade without a source of income?
by
Alpen
on 25/08/2025, 03:00:07 UTC

You can get back to trading on one condition: you switch to using trading bots. This will solve your problem with emotional trading.
I don't advise people with no form of job for a reliable income source to in the main time avoid trading if they can because they can't survive it having to depend completely on trading to make earns meet. You would always be be vulnerable to emotions because you wouldn't want to lose your only funds when you don't have it knowing where another funds can come from. There's no how you wouldn't lose in trading irrespective of your expertise or many years of experience but you would do better when you have other means of income not depending only on trading as that would always fuel your emotions when trading.

[/quote]

I couldn't agree more.

That's why there's always the option of managing other people's funds. That way, you're no longer risking your own money, but someone else's investments. For a steady income, you could also launch a subscription-based copy trading service or build a referral network.
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Topic
Board Economics
Re: How institutional investors crushed the dream of making it big in crypto
by
Alpen
on 25/08/2025, 02:52:11 UTC

No one has crushed the dream of making it big in crypto. People have to look at Bitcoin's market cap and be realistic. When the market cap of the coin is 2 trillion US dollars, you can't expect the price of the coin to double because we have been collecting 2 trillion dollars since the day Bitcoin was created, so, it can't double every year, it's already too much. And I also want to say that institutional investors didn't crush the dream but they helped the dreamers. When the market cap of the coin is 1 trillion and institutional investors bring another trillion, the price of the coin doubles, so, where is the crush of the dream here? Now it's impossible to make big in crypto because old days when Bitcoin wasn't adopted is gone. Anyone could make their dream 10 years ago when the market cap of the coin was just a few million dollars, a money of an average millionaire person.


Based on your argument, those institutional investors sound pretty weak.

Retail investors brought in a trillion in market cap, and institutions only managed to add another trillion? Their financial power is way bigger than that. So what's stopping them, logically, from pushing Bitcoin to a $4 trillion market cap?
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Topic
Board Trading Discussion
Re: Start Trading for Beginners
by
Alpen
on 23/08/2025, 04:14:44 UTC
If you want to actually make money with Forex, just focus on trading volatility.

When it comes to crypto, a smart and reasonable approach is to use dollar-cost averaging (DCA).
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Board Marketplace
Re: Should crypto have a 'savings account' option?
by
Alpen
on 23/08/2025, 03:39:34 UTC

Yeah , imagine a money printing machine where everyone gets money by doing nothing, how could that be not a great idea?
Remember Celsius, that was a savings account, you would deposit your coins, get interest on it and then....you would have no more coins.



Where do you think all the Celsius clients' coins went?

From what I recall, creditors were actually paid back in full, except for those who, for some reason, didn't want to complete the KYC process. And you have to wonder why—it's unlikely they were honest people.

Crypto bankruptcies generally end with full repayment of losses, sometimes even more. That’s a fact.
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Topic
Board Economics
Re: Earning salary or owning a business which is better
by
Alpen
on 23/08/2025, 03:29:07 UTC
Salary earners end up spending their salary buying from the business owners making the business owners to get profit from the business while the salary earners end up with nothing.

The best option is to live off passive income and only do what you truly love.
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Board Bitcoin Discussion
Re: Why no forks these days?
by
Alpen
on 23/08/2025, 03:25:17 UTC
When you read old threads, you will hear of many soft forks and including a few hard forks that gave birth to Bitcoin Cash , Bitcoin gold, Bitcoin SV. The last one should be BSV in 2018.
What happened differently  that there are no threats or signs of forking?

I remember that time well. I counted 69 Bitcoin forks before I just gave up. Because of all the blockchain splits, the situation was nicknamed the 'Attack of the Clones'. Today, however, there's no point in cloning cryptocurrencies that way anymore.

First, PoW blockchains aren't as popular as they used to be. Second, it's far cheaper and easier to just launch a memecoin these days
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Topic
Board Trading Discussion
Re: Is it okay to trade without a source of income?
by
Alpen
on 23/08/2025, 02:51:56 UTC
At the beginning I want to say that I am a semi-skilled trader. I do not have any source of income. I have been learning trading for the past 13 to 15 months and investing for 5 months. But even though I am temporarily profitable from here, I am completely losing because I cannot control my emotions. This is repeating itself with me again and again. Even yesterday I lost my capital along with my profit.

Then I plan to take a loan from my friend to deposit in trading again. When I asked him for financial help to deposit in trading, he advised me to find a source of income before entering trading again and advised me to refrain from trading recently and introduced me to this forum so that I can gain deep knowledge about trading. He even advised me to gain deep knowledge about Bitcoin investment so that after finding a source of income I can easily invest in Bitcoin. Should I accept such advice? Or should I go back to trading anyway? I am seeking proper advice from experienced people.

You can get back to trading on one condition: you switch to using trading bots. This will solve your problem with emotional trading.

Regarding finding capital, I can share my experience. You don't necessarily need a large amount to start. You can begin with bonuses, but make sure you find offers where crypto companies pay out in real money. For example, I got a $50 bonus from Cryptomus and, using an aggressive growth strategy with memecoins, I turned it into over $1000.

You can also earn money right here on the forum by participating in signature campaigns or various trading competitions. If you switch to bots, you'll have enough free time for that
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Topic
Board Economics
Re: How institutional investors crushed the dream of making it big in crypto
by
Alpen
on 20/08/2025, 03:51:51 UTC

According to the Power Law model, Bitcoin is expected to reach $1 million by 2032. This model acts like a "crystal ball" for Bitcoin, being based on mathematics and physics, and provides more accurate long-term predictions for Bitcoin’s exchange rate trajectory than other models, such as Stock-to-Flow. By 2050, Bitcoin could surpass $10 million, assuming there is no hyperinflation of the US dollar. If hyperinflation occurs, new calculations would be required along with a precise assessment of its level to understand how Bitcoin’s exchange rate would behave.

https://charts.bitbo.io/long-term-power-law/

If your 'remarkable' model is so great, why doesn't its chart look anything like Bitcoin's actual price history?
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Topic
Board Economics
Re: How institutional investors crushed the dream of making it big in crypto
by
Alpen
on 20/08/2025, 03:46:10 UTC
As long as it's an asset that has a well defined potential, high volatility  will not stop institution from investing in the asset. How can you believe that institutions doesn't like high volatility? Matter of fact, some of these institutions are the ones that likes to buy at a discount price and hold longer than some retail traders that sell when the market is still at the early phase of the bullish trend.


I've attached a Bitcoin volatility chart, and it clearly shows a steady decline in this metric. You could even fit an exponential decay curve to it.

Now, regarding institutional funds: they are all restricted from investing in high-volatility, high-risk assets, not only by their own company charters but also by government regulations


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Topic
Board Trading Discussion
Re: What is Your favorites Trading system?
by
Alpen
on 18/08/2025, 02:59:39 UTC
I have read and watched some methods such as support resistant trading , supply demand , SMC, etc
in some trading periods those trading made lot of profits and after that come with loss and loss again .

just wanna know what is your favorite trading system? single methods or combine with each other method?

My favorite trading system is based on Bollinger Bands and the Standard Deviation indicator.

The second indicator measures volatility, which rises during periods of liquidity inflow or panic. This makes it clear when the Bollinger Bands are likely to break, which is a good time to trade with the trend.

When volatility is low, the bands are unlikely to be broken, so you can either use a counter-trend strategy or lock in profits from a trend.
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Topic
Board Trading Discussion
Re: What is influencing the growth in the number of traders?
by
Alpen
on 18/08/2025, 02:53:10 UTC
What’s influencing the growth in the number of traders? It all comes down to one simple, four-letter word: FOMO