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Showing 19 of 19 results by Cryptotrajder
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Topic
Board Trading Discussion
Re: Custodial Exchanges vs Non-custodial exchanges
by
Cryptotrajder
on 20/02/2020, 09:44:46 UTC


Noncustodial wallets are just stupid, and nobody should be using them.  That's another thing newbies need to learn early on.

You mean only wallets or exchanges? I do not think they are stupid for many reasons. Provide you security, control over your funds and their exchanges can't disappear in any minute. If it comes to trading it's not that much different from custody exchanges, it depends on the exchange.


Nothing is flawless in this world. The way custodial exchange are beneficial for the traders, in a similar way, non-custodial exchanges have their own loopholes. Probably, it will be perfected over a period of time but right at this moment it's difficult to operate even for a seasoned trader. The user-experiace needs to be simplified first to get attention of the mass. The matter of fact, the usage of non-custodial exchange is shrinking. Read below,

https://www.theblockcrypto.com/linked/52698/total-volume-on-non-custodial-crypto-exchanges-hit-9-month-low-in-december

Not really sure what will happen in future. But at this moment, non-custodial exchanges have not been able to become an worthy competitor of custodial exchanges!

They have not been able because they are unknown, and people relly on well-known exchanges. Even tho they are hacked from time to time and people lose money.


In these days non-custodial exchanges are associated with a slowness which is no longer true. Many non-custodial exchanges came up with idea of a daily settlement destroying the stereotyp of slow funds transfer. In this way you have fast exchange, with high security Smiley
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Topic
Board Trading Discussion
Merits 2 from 1 user
Topic OP
Custodial Exchanges vs Non-custodial exchanges
by
Cryptotrajder
on 19/02/2020, 17:32:22 UTC
⭐ Merited by The Pharmacist (2)
Decentralization is the most important part of blockchain technology. Unfortunately, even though it has been upgrading all the time it still meets obstacles with security.

Every person, who keeps coins on a private wallet instead of exchange is afraid of losing them. If it happens there is no way to restore them and the user loses access to every fund that was stored there.

On the other hand, if you keep your coins/funds/money on the exchange you don't have access to your private keys. The wallet is under full control of the exchange and people who manage it.
And as my grandma used to say “ Not your keys, not your bitcoins” Smiley Smiley Smiley

Exchanges, where users don’t have access to their private keys, are called “Custodial”

As the results of such a solution, we now have witnessed several hacker attacks on exchanges that cost people money. It also opened a backdoor for market manipulation(Exchange has access to their users coins/funds and may affect the price and the market).

Custodial exchanges
As I mentioned before, Custodial does not give access to private keys.
But…
It gives you a big advantage - you can restore access to your account in case of losing the password.
Also, it is comfortable in trading, your coins and funds are in one place which is easy to manage.
Yet… when the exchange goes bye bye (under), your funds go bye bye as well.

And here comes another important rule “ DO NOT KEEP YOUR COINS ON THE EXCHANGE”! Angry Angry Angry


Non-custodial Exchanges
Non-custodial wallets give you full control over your funds. The owner of the wallet is the only person who has access to his private keys and funds on the wallet and the exchange has only permission to use it when you trade. Your funds are safe but this system has issues, if you lose access to your wallet (lost password, deleted security files, destroyed phone) you will never get them back. That’s why it is so important to keep your private keys in a secure place.


Currently, 90%, (if not more) exchanges, are based on Custodial technology, which everyone probably knows. In my opinion, exchanges such as Binance, Bitbay, Bitmex etc. still can be robbed, and are unable to ensure the protection of users' data, will be a thing of the past.
In their places will come new exchanges who provide the “non-custodial technology) and ensure security Smiley.

What’s your opinion guys? What exchanges are you using? Feel free to discuss this topic Smiley
Post
Topic
Board Service Announcements
Re: I Will Help You With Anything Related To Thailand
by
Cryptotrajder
on 13/11/2019, 13:20:29 UTC
At the beginning of 2020 I'm planning a trip to Thailand, is there anything i need to know?

How how is to get weed there? And how much it costs?
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Topic
Board Polski
Re: Atak 51%
by
Cryptotrajder
on 13/11/2019, 13:13:55 UTC
Ostatnio czytałem(nie wiem czy to prawda), że na BCH prawie sie udało przeprowadzić atak 51. Jakie byłyby dokładnie tego skutki i dlaczego?
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Topic
Board Off-topic
Re: Money can't buy happiness ...
by
Cryptotrajder
on 13/11/2019, 13:05:25 UTC
It has been said many many times and the answer is always the same.

"Money can't buy happiness, but it is easier to cry in porshe" XD
Post
Topic
Board Marketplace (Altcoins)
Re: <<>>Security Tokens for sale!<<>>
by
Cryptotrajder
on 13/11/2019, 12:55:52 UTC
Also it would be cool if you tell us what tokens you want to sell. Finding an exchange will be easier.
Post
Topic
Board Trading Discussion
Re: Buy now or wait for Bitcoin?
by
Cryptotrajder
on 12/11/2019, 12:57:33 UTC
In the long run, it is better to buy now. It is better to earn less than lose more.
Post
Topic
Board Trading Discussion
Re: 5 things you need to know before trading crypto
by
Cryptotrajder
on 12/11/2019, 12:50:39 UTC
Numer 6.

Don't trade on Exchanges which keep your funds on their wallet address. I think you have heard what happend with Binance, Bitfinex etc...

**3 words - Non-castodial account!**

Thanks to that, each user keeps money on their individual wallets, and the trade is carried out through a smart-contract connected to the stock exchange.
No possibility of mass hacking attacks or loss of funds in the event of bankruptcy of the stock exchange.

**Personally, I recommend 2 exchanges that have this option.**

BBOD.io | Bitcoin, Ethereum, Altcoins Futures Trading (http://bbod.io/)
EMX
Post
Topic
Board Altcoin Discussion
Re: which exchange should I use?
by
Cryptotrajder
on 12/11/2019, 12:32:51 UTC
You should use only exchange that does not hold your funds at "exchange wallet adress". I'm sure you know what happend with Binance, Bitfinex etc.

I recommend that you familiarize yourself with "non-custodial accounts"

Thanks to that, each user keeps money on their individual wallets, and the trade is carried out through a smart-contract connected to the stock exchange.
No possibility of mass hacking attacks or loss of funds in the event of bankruptcy of the stock exchange.



**Personally, I recommend 2 exchanges that have this option.**
BBOD.io | Bitcoin, Ethereum, Altcoins Futures Trading (http://bbod.io/)
EMX.com
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Topic
Board Polski
Re: Jakie giełdy możecie polecić
by
Cryptotrajder
on 07/11/2019, 12:43:23 UTC
Pisałem juz to w innym poście, a propo giełd, ale wstawie też tutaj.


Znajomy mi polecił nowo powstającą giełdę BBOD, która w porównaniu do innych jest w pełni ZDECENTRALIZOWANA i nie chodzi mi tylko o brak konieczności weryfikacji.

https://bbod.io/platform



Jako jedyna znana mi giełda nie trzymają środków użytkowników na jednym portfelu, zamiast tego tworzą Ci smart contract w oparciu o Twój prywatny wallet ETH. Handel na giełdzie opiera sie na zasadzie.

Portfel >Giełda > Portfel

W razie hacku lub upadku giełdy, nie tracisz żadnych środków.


19 listopada startują ze swoim ICO, także polecam sie zainteresować - początkowo będzie mozna kupić token 60% taniej (finalna cena 0.65$). Mają bardzo obiecującą road mape, dlatego myślę że ich Coin będzie sporo warty w przyszłości. Do końca 2020 roku mają wprowadzić ponad 100 coinów.


Oprócz tego oferują

- 0 fee trading w przypadku handlu tokenem
- dzwignie do 50x
- Granie do TUSD
- 15% fee jest przeznaczane na akcje charytatywne
- 10% zniżki na fee przez 6 miesięcy z rejestracje z linku polecającego


Co tydzien metodą głosowania, będą dodawac nowe coiny.


Whitepaper: BBOD Whitepaper


Aktualne coiny:

Bitcoin/TUSD, leverage 50x
Ethereum/TUSD, leverage 50x
Ripple/TUSD, leverage 25x
Litecoin/TUSD, leverage 25x
EOS/TUSD, leverage 25x
Stellar/TUSD, leverage 25x
Tron/TUSD, leverage 25x
Cardano/TUSD, leverage 25x
Monero/TUSD, leverage 25x
IOTA/TUSD, leverage 25x
NEO/TUSD, leverage 25x
NEM/TUSD, leverage 25x
Decred/TUSD, leverage 25x
Digibyte/TUSD, leverage 25x
ICON/TUSD, leverage 25x
Elastos/TUSD, leverage 25x

https://bbod.io/platform/

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Topic
Board Polski
Re: Coinbase
by
Cryptotrajder
on 07/11/2019, 10:46:45 UTC
Lepsza pod jakim względem? Kolejna zdecentralizowana giełda która w każdej chwili może zawinąć manatki.

a propo...

"On Oct. 7 at 22:00 UTC, Coinbase will usher in higher rates for new tiers of accounts transacting under $10,000, and between $10,000 and $50,000, according to a company blog post on Thursday. The new rates are as follows:"
Post
Topic
Board Altcoin Discussion
Re: Tron Price Prediction
by
Cryptotrajder
on 07/11/2019, 10:05:14 UTC

Quote
about 10 months ago, TRON had reached or increased by 25% in 7 days. in my opinion this is an indication that TRX is a coin of interest by investors. TRX has also worked with many partners, and many products are provided by it. I think TRON is the successor to the ETH generation with the Blockchain TRC10 and TRC20 token systems. a reason also makes tokens on their platform very easy, even though they don't understand the programming language. I have prepared some for 2020, and now I am waiting for it, I am very sure that this coin is worth it (Bull).


During bull run almost every coin from top 100 will reach his new ATH. So basically if you invest in TRON, LTC, LSK, BCH does not rly matter in long period of time. Some of them might rise higher, but everyone eventuallly will.
Post
Topic
Board Altcoin Discussion
Re: SCAM ICOs, what we can do?
by
Cryptotrajder
on 07/11/2019, 09:55:17 UTC
i believe that we can be able to avoid scam ico's if we educate ourselves but the sad reality is, most people are not willing to put in the hard work which is "researching", before investing your hard earned money. What we should be able to do instead as a community is, if we see something suspicious we need to do our research and share what we learned to anybody.


Doin research is good idea, but let's be honest. If you want to create scam, which you will closed and steal 2-3 millions$ why can't you spend 2 years preparing perfect project, with perfect team and perfect marketing?
You can spend for example 500 000$ invest and then rise money through ICO. It will usually pay off.

There is no possible to avoid scam ICO in 100%.
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Topic
Board Polski
Merits 1 from 1 user
Re: Czy inwestowanie w kryptowaluty się opłaca - Bitcoinowy.pl
by
Cryptotrajder
on 06/11/2019, 10:00:22 UTC
⭐ Merited by Linkkoin (1)
Nawet osobie, która nie śledzi nie bieżąco opłaca się.

Przykładem dla świeżaków
Załóżmy że mamy osobę totalnie zieloną.
Nie zna się na analizie techniczniej, nie ma czasu by generalnie śledzić fundamentalną - odpada daily trading.

Tutaj mamy jedną zasadę, która się dotąd sprawdza i to w zasadzie bez wyjątków.

Sprzedaż, gdy jest hype i prowadzący telewizję śniadaniową zachwycają się fenomenem kryptowalut.
Kupno, gdy w mass mediach (w tym serwisach głównych ogólniefinansowych) wieszczy się śmierć BTC z dużą intensywnością.

Oczywiście możemy polemizować na temat skali generowania potencjalnych zysków (bo ciężko w tym scenariuszu wyznaczyć jak blisko jesteśmy najwyższej i najniższej wartości danego cyklu) , ale nawet sprzedając BTC kupione w okolicach dołka z ub. roku dzisiaj - wyniki byłyby pozytywnie szokujące.






Dokładnie tak. 90% osób inwestujących w kryptowaluty nie ma pojęcia o zasadzie ich działania, ani co oferuje dany projekt. Liczy sie tylko zarobiona kasa tak naprawdę. Krypto z powodu braku regulacji pozwala zarobić 200% w dzień i tego samego dnia stracić 90%.

Bądź co bądź najlepiej wyjdą Ci, ktorzy po prostu będą systematycznie dokupywać coinów i holdować.
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Topic
Board Polski
Re: Z pamiętnika wieloryba
by
Cryptotrajder
on 06/11/2019, 09:54:17 UTC
15.10.2019 o 0:00 wystartował konkurs na binance - trejduj DOCK- największy wolumen wygrywa.
Ranking aktualizuje się co 24 godziny. Pierwszego dnia top trader przehandlował 600 mln tokenów a suma wolumenu z top 20 wynosi 3,258 MLD sztuk. Całkowity wolumen na DOCK w tym okresie wynosi ... 2,710 MLD sztuk. Jak to możliwe? Jeśli wolumen wynosi 2.7 MLD, to suma wolumenów wszystkich uczestników rynku wynosi 5,420 MLD (2.7 MLD to wartość transakcji czyli 2.7 MLD kupujących i 2.7 MLD sprzedających).
https://www.binance.com/en/market-activity/54
Ok tyle danych i teorii. Teraz wnioski.
top 20 traderów odpowiada za 3.3 MLD sztuk wytradowanych z 5.4 MLD wszystkich transakcji.
20 traderów odpowiada za 60% wolumenu
1 trader odpowiada za 11% wolumenu
Należy jednak pamiętać, że poza normalnymi uczestnikami rynku jest masę łowców promocji, którzy przychodzą, nabijają 1 BTC wolumenu by wciąć udział w 2 etapie konkursu (wygrywa co 10 z top 2000). Bez nich podejrzewam, że top 20 odpowiada za 80-85% wolumenu a top 1 za 30%. Potwierdza to teorię, że spekulację można przyrównać do sytuacji w której 10 osób gra w pokera o duże pieniądze a my, uliczna drobnica stoi z boku, obserwuje i obstawia kto z nich wygra.



Powiedzonko "Bogaty będzie zarabiał..." działa od zawsze, rynek kryptowalut jest po prostu kolejnym segmentem na którym to działa. Za pare lat pojawi sie kolejny, potem kolejny, potem kolejny itd.

Można sobie rysować świeczki, linie wsparcia itp. ale jeśli ktoś postanowi, zeby zbić cene coina, czy go napompować, to po prostu to zrobi.

Jak mysliscie, dlaczego bitcoin przez miesiąc idzie trendem bocznym, zeby nagle strzelić 2000$ w góre. Ktoś musiał na to położyć niezły kapitał, i nie zdziwiłbym sie gdyby istniał jakis tajny klub miliarderow krypto, w ktorym decydują oni o manipulacji rynku. Troche żal...
Post
Topic
Board Trading Discussion
Re: Hodler, you motherfucker.
by
Cryptotrajder
on 06/11/2019, 09:39:08 UTC
I know trading is much better than Holding but at first, you have to ensure the price and market. when your price is more or less stable then you can say that not to hold, you have to know why people hold their Bitcoin, I think the main reason is the price volatility, We are all greedy and we are here for making a profit, so why we don't hold our Bitcoin, it's just an individual wise, So if this bitcoin and cryptocurrency platform would be stable then people do whatever they do as the fiat purpose, another thing is the lack of payment source, if Bitcoin would be accepted at randomly then people use as the payment tools, so the backlog should be removed then everything will be fine by the time.


Trading is better if you know how to trade and you are patient. In any other case it is safier to just Hold and wait for your coin to pump. Another thing is to know when you should quit with your gains.

I lost so much money because of my lack of patience Sad
Post
Topic
Board Marketplace (Altcoins)
Re: Selling Altcoin project with 1400 members on discord and active exchange
by
Cryptotrajder
on 23/10/2019, 16:19:57 UTC
You would get much more attention if you brought any more details that this. For the reckord.
Post
Topic
Board Altcoin Discussion
Re: Bitcoin down
by
Cryptotrajder
on 23/10/2019, 15:55:51 UTC
I think it's a good time to buy. Of course there is always a possibility that I drop down even to 6k$. But what if not? Eventually it will reach new ath in the future, so better enter now and Ensure your profit from 7.5k$ level, that waitin' for drop more. For example

Let's assume that you will wait and bitcoin in fact will drop to 6k$ - you win.

But what if now?

What if bitcoin will start his ath raid and you will wake up too late and enter let's say 9-10k$.
Post
Topic
Board Marketplace (Altcoins)
Re: Exchange Soldi
by
Cryptotrajder
on 23/10/2019, 15:48:16 UTC
I have heard that this coin has very big pottential. Maybe it's worthy to check it more deeply Cheesy