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Showing 20 of 87 results by Jack353
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Topic
Board Services
Re: ARBITAO Signature & Avatar Campaign
by
Jack353
on 16/06/2018, 03:29:45 UTC
Btctalk name: Jack353
Rank: Member
Current post count: 94
BTC address: 18opyxsfhhnYEHdDMDf1tTBDk4uRYhC3S8
Wear appropriate signature: Yes
Wear avatar: N/A
Post
Topic
Board Trading Discussion
Re: KuCoin vs Binance
by
Jack353
on 12/06/2018, 02:56:21 UTC
These are, or course, two great and well established exchanges. The Kucoin ui seems a bit more straight forward, but I am personally more comfortable and experienced with the Binance ui.

As you have referred yourself on Kucoin, I have referred myself on Binance and receive a nice bonus with each trade Tongue .

As for credibility and volume traded, Binance certainly takes the crown. Binance has a much larger user base and its trade volume is ~35-40x that of Kucoin - Binance is currently #2 for trade volume on Coinmarketcap while Kucoin is currently #40.
Post
Topic
Board Trading Discussion
Re: Is worth buying coins under $1?
by
Jack353
on 12/06/2018, 02:37:06 UTC
Well, judging a cryptocurrency based on its per coin/token value is certainly not the best option. For example, the #3 coin on coinmarketcap - Ripple (XRP) - is currently trading at below 60 cents per token and has a market cap of nearly $24 Billion!

Rather than judging a cryptocurrency by its per coin/token value, you should should judge it by its: chart, marketcap, and/or potential return (%). You could also add in a few other metrics like the company/currency's market share, market size, and notability of its brand.
Post
Topic
Board Trading Discussion
Re: Have you ever exchanged BTC face to face?
by
Jack353
on 07/06/2018, 21:55:03 UTC
I have exchanged BTC in person a few times. It has always gone very well and the other party has always been very professional and polite. I have, however, only ever been the seller and have only ever accepted cash as a form of payment.

If you ever decide to exchange f2f, I strongly recommend meeting at a restaurant - or cafe - to avoid a VERY awkward 30 minutes while the transaction confirms (learned that the hard way). Also, only use cash or instantly claimable gift cards (like Amazon or Itunes) to avoid charge-backs.

Other than that, f2f exchanges are a great way to get your cash or BTC immediately - just be careful and always meet in a comfortable public place.
Post
Topic
Board Altcoin Discussion
Re: Bitcoin Diamond
by
Jack353
on 24/11/2017, 22:39:33 UTC
*sigh* now this is just getting ridiculous  Undecided. Bitcoin Diamond... really? Do people actually think that we need all of these forks and they will actually improve the community? Sure BCC seems to be doing well and may have been needed, but I highly doubt that these other forks (BTG, Bitcoin Diamond, and Segwit2x- which the devs made the respectable decision to stop its development and do what they felt was best for the community).

Good luck and stay safe! Tongue
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Topic
Board Exchanges
Re: Trustable Exchanges as of Nov. 2017
by
Jack353
on 24/11/2017, 22:13:46 UTC
Bittrex- A
Coinbase/GDAX- A
Kraken- B
QuadrigaQC- C
CoinCorner- C
Poloniex- B
CanadianBitcoins- B
BitFinex- B
BitHumb- C
BitStamp- B

These are my personal opinions of these sites.

Good luck and stay safe! Tongue
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Topic
Board Trading Discussion
Re: website for technical analysis ?
by
Jack353
on 24/11/2017, 21:53:23 UTC
I find that a great option for newbies is to find a trusted analyzer on Steemit.com (you can make an account an earn some $ while you are at it  Wink). Many people post technical analyses on Steemit and all you have to do is look at their last posts and see if their predictions came true (if they did, then they are likely a trustworthy source). On top of this, you can also use Bittrex's charts, which are free, to do your own analyses.

Good luck and stay safe! Tongue
Post
Topic
Board Trading Discussion
Re: minimum amount to start trading?
by
Jack353
on 24/11/2017, 20:59:49 UTC
The good thing with most Crypto exchanges (like Bittrex) is that the fee which they charge is in the form of a percentage (Bittrex charges 0.25% per trade). This means that you can begin to trade with as little coin as you want! however, you must take into consideration the minimum trade value of the exchange (Bittrex requires a minimum trade value of 50K Satoshi).

BTW: I use Bittrex as the example because it is the exchange that I use and the exchange that I recommend you to use.

Good luck and stay safe! Tongue
Post
Topic
Board Altcoin Discussion
Re: Someone stop ETH until payday please!
by
Jack353
on 24/11/2017, 20:44:12 UTC
Haha, ETH is BOOMING right now! But don't worry, it is just catching up with BTC and it still has a long way to rise... after-all, they still have yet to implement their POS system  Wink.

Good luck and stay safe! Tongue
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Topic
Board Trading Discussion
Re: profit amount?
by
Jack353
on 24/11/2017, 20:37:48 UTC
As you would expect, my daily profit changes daily  Wink. However, I try to leverage/hedge my trades so that I profit a minimum of .5%-1% per trade group.

Good luck and remember that sometimes you may have to stop and cut your loses (DO NOT BE STUBBORN)! Tongue
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Topic
Board Trading Discussion
Re: Selling your mined btc
by
Jack353
on 19/11/2017, 19:29:55 UTC
For an easy-to-use, low-commission, and trusted way, then I recommend Gdax. Gdax is Coinbase's peer-to-peer brokerage where you can trade your BTC for USD (with another person). Gdax pushes A LOT of volume and if you just place a market order, your order will be processed immediately.

Good luck and stay safe! Tongue
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Topic
Board Project Development
Re: [APP] Crypto Trading Profit Calculator
by
Jack353
on 17/11/2017, 00:40:49 UTC
This seems like a good program. It has a use: it makes it easier to calculate your profits. It is fairly user friendly and doesn't have much of a learning curve. I didn't know I needed one of these until I have one, I will ACTUALLY be using this!  Grin Thank you!

PS: Its not a virus  Wink

Good luck and stay safe! Tongue
Post
Topic
Board Altcoin Discussion
Re: Investing on ICOS is good or bad ?
by
Jack353
on 14/11/2017, 23:50:56 UTC
From not only my experience, but also the experience of others: Investing in ICOs can be good or bad. It all depends on your ability to recognize a good ICO (this skill can be easily developed). When investing in ICOs, you have to be comfortable with the fact that you will lose sometimes. However, with some practice and A LOT of researching ICOs, there is much money to be made (One of my friends made over 600% from ONE ICO)!

Good luck and stay safe! Tongue
Post
Topic
Board Mining (Altcoins)
Re: Can I mining ethereum with Raspberry Pi 3?
by
Jack353
on 14/11/2017, 18:31:01 UTC
Well, you COULD mine on a Raspberry Pi 3, but it would be HIGHLY ineffective and very slow.

If you get a GPU, like you said, then I think it may work (providing the Raspberry Pi’s CPU can handle running the mining algorithm- which it can). It would probably be a very effective mining rig because the Raspberry Pi does not use much power and it is quite cheap.

Good luck and tell me if you try it because i am interested in the results! Tongue
Post
Topic
Board Mining (Altcoins)
Re: Building a 600 CORES - Supercomputer to mine VeriumReserve
by
Jack353
on 14/11/2017, 02:22:50 UTC
How many hash are you expecting from this BEAST of a system? I assume you have done your homework and it won't overwhelm the network (give the network WAY too much hash than it needs- which will SIGNIFICANTLY decrease the ROI of all miners on the network). A coin this small is very easy to overwhelm and could cause some terrible effects to the efficiency of the network until everything stabilizes.

Good luck! Tongue
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Topic
Board Trading Discussion
Re: Need help about btc to bch transfer...
by
Jack353
on 14/11/2017, 02:10:29 UTC
I menaged to retrieve my coins. Thank you all for your answers. This made me to learn a lot of things I didn't know. Case is closed Wink

I am very glad your BTC was returned to you. I have seen people transfer one coin to an address of another coin and never get their coins back (I don't know where they go...). You should share the method which you used to retrieve your BTC back from the unconfirmed transaction so others who have this problem can solve it as well.

Good luck and stay safe! Tongue
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Topic
Board Trading Discussion
Re: SimpleFX.com SCAM they took 0.45 btc
by
Jack353
on 13/11/2017, 21:58:36 UTC
Did you try withdrawing your funds in a currency like BTC? They mention Bitcoin Cash over and over like it only an issue with BCC. Did you contact their support yet?

Good luck and I hope your problem gets resolved! Sad
Post
Topic
Board Altcoin Discussion
Re: Tether pumping BTC
by
Jack353
on 13/11/2017, 21:37:10 UTC
What is wrong with tether ? It's a good way to allo pseudo-fiat trading for altcoin exchange which doesn't have the right too. Every Tether is backed by USB and you can withdrawal your tether easier than fiat. It's a respond to a real need. You can't be a cryptotrader with a lot of movement in your bank account. Tether allow you to do this.
Maybe i don't get it. Are you serious when you have said that every Tether is backed by USD?

Sort of, every tether is not literally backed by paper USD, but the currency is inflated and deflated so that each tether is worth $1. This is done by pinning the amount of total tether to its market cap in USD. For example, if the market cap of tether rises from $15 to $20, then the total amount of tether will increase from 15 coins to 20 coins (making each coin worth $1). In short, the price of tether will always be $1 (as long as the devs stay on-top of things).

Good luck and stay safe! Tongue
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Topic
Board Trading Discussion
Re: Day Trading
by
Jack353
on 13/11/2017, 21:27:21 UTC
$0. If you have to ask what amount you should start with, then you do not know enough about trading to profit. You should continue to learn about trading strategies and analysis (it should take you more that a month before you reach step two). Once you know EVERYTHING about strategy, analysis, and trading algorithms, then it is time to move onto step two: Paper trading. Paper trading is when you look at the exchange price and write down your trades on a piece of paper (at the market price) WITHOUT actually purchasing the trade. This is a crucial step as it is how you will work out the kinks in your strategy without losing money (you should spend at least another 2 months on this process). Finally, it is time to trade! At this point you already know the optimal amount of capital for YOU to trade- because you know EVERYTHING about trading Wink.

Good luck and DO NOT rush this process! Tongue
Post
Topic
Board Altcoin Discussion
Re: Mining on Mobile Phone
by
Jack353
on 13/11/2017, 21:18:00 UTC
The concept is amazing and I, as well as MANY others would be very interested! But, it faces a huge problem... desktops. Someone will always find a way to mimic their phone on their computer and use their computer's hash power to 'destroy' the network. The only way that I see as possibly stopping this would be to put a limit on the hashing power which one device can contribute, but this sort of ruins it as well...

Good luck and stay safe! Tongue