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Showing 20 of 84 results by cryptoblackhat
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Topic
Board Beginners & Help
Re: Crypto scams revealed
by
cryptoblackhat
on 14/03/2020, 11:40:15 UTC
This is a pretty comprehensive list, thanks for sharing!

Quote
In addition, hardware wallets  can be a lot useful. It is one of safest means to store bitcoin and other altcoins but you still have to protect it again scammers.

I can't recommend this part enough. Hardware wallets can help prevent many of the scams listed in this article. No matter which hardware wallet you choose it will be safer than a web wallet (as long as you keep the recovery seed safe somewhere).
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Board Trading Discussion
Re: Personal Project transformed into Trading Platform - Feedback Please!
by
cryptoblackhat
on 03/09/2019, 16:40:49 UTC
The UI looks great, way better than most of the other trading platforms I've seen. And I like the fact that it's a trading platform aggregator rather than holding funds directly.

The backtesting feature looks especially valuable. How far back in time can you test strategies with this tool?
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Board Bitcoin Discussion
Re: During these hard times, it's time for self improvement
by
cryptoblackhat
on 21/12/2018, 02:29:19 UTC
And I doubt the best place for a stable, safe investment will ever be Bitcoin. People looking for safe investments tend to appreciate those backed by large governments that they already trust (for better or for worse, that's a different story).

But at least this downturn in the crypto market means that entrepreneurs will have more space to focus on building innovative payment solutions without being overwhelmed by "get rich quick" kids trying to make a million bucks without understanding the platform. Sooner or later those payment solutions will become more mainstream, and then this calm before the storm will in retrospect be quite important.
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Topic
Board Speculation
Re: December 2018: Is this a good time to enter bitcoin if you have cash?
by
cryptoblackhat
on 06/12/2018, 20:36:47 UTC
As the saying goes: the best time to invest was yesterday, the second-best time is today.

You shouldn't try to outsmart the market by buying at the lowest point if you're aiming for investment income. Sure, if you want to become a day-trader then you might be able to do this kind of playing the market after years of study and practice. But if you're in it for the long run, it doesn't matter whether you buy today, yesterday, or a year ago. Just don't wait until tomorrow Wink
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Topic
Board Trading Discussion
Re: Bots, AI Bots or signals?
by
cryptoblackhat
on 02/11/2018, 21:40:12 UTC
... I have heard that you have to learn about 3-4 years before you start trading.  Cry

That's right. Sorry to say, but there is no "get rich quick" solution with cryptocurrencies.

Yes, it's possible to make a profit by trading. But just like in the regulated world of fiat currencies and stock exchanges, the people who make profit are those who put in the time and effort to become professional at it. You can't expect that there will be some magic bot or signal that gives you unlimited profit guarantees.

Having said that, I would concur with what many people have said here, and recommend that you start manual trading before using bots. If you're really interested in learning how to make a profit through trading, you need experience that you'll only get by manual trading while studying the advice of others. After doing this for long enough, you'll develop some expertise that you can then apply to finding the right bots or signals that assist your own trading strategy.

Good luck with it!
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Topic
Board Beginners & Help
Re: Where can I purchase bitcoins safely
by
cryptoblackhat
on 25/10/2018, 19:09:02 UTC
Coinbase or Gemini would be the most trusted options in the US at the moment, but both of these are custodial exchanges so if keeping full control of the money in your account is important, these would not be ideal.

For MoneyGram/WesternUnion exchanges, LocalBitcoins is by far the most popular. They have now introduced heavier KYC as well, so should hopefully be a little more reliable than before.

Honestly I'd suggest use LBC but just look for people with high trust scores and many reviews. Start with small transactions, and never risk everything with one trader.

Edit: When it comes to fiat exchanges, you can basically have either complete safety, or complete control. No exchange is going to provide you safety (like Coinbase with insured deposits) without taking some control away from you. So the choice is yours as to which of these two options is most important.
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Topic
Board Project Development
Re: Beta-testers wanted on our dime
by
cryptoblackhat
on 03/10/2018, 22:56:37 UTC
When I sign up I see the following:

01 - We will notify you to claim your $100 account when we launch
02 - Refer at least 5 friends & get $300 to trade
03 - Top 20 referrers get a VIP Monfex account with $1000

This looks like it's more of a landing page to collect email signups than an actual beta or launched product yet.

Is there any way to claim the free trading credits and test your product right now, or is this still coming soon?
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Topic
Board Altcoin Discussion
Re: Projects that are actually doing something during this Bear Market.
by
cryptoblackhat
on 03/10/2018, 22:49:28 UTC
I see a lot of trading companies launching lately, which is great because they both help invest liquidity into the market and they also allow you to *theoretically* make profit whether the market's moving up or down.

Two that come to mind are Covesting and CoinCube.io, I'm sure there are many others as well.

Edit: Coinbase is also doing a lot of innovating, recently they introduced bundles which should help onboard newbies into the crypto world.
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Topic
Board Announcements (Altcoins)
Re: please be helpful a member crypto
by
cryptoblackhat
on 03/10/2018, 22:47:42 UTC
I suggest looking for bounty threads here, there are many places where you can put in a bit of effort to help with design or promotion in exchange for crypto tokens. This could be a good way to accumulate the funds you need. And probably a lot faster than asking for donations :-D
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Board Service Discussion (Altcoins)
Re: New coins supported on Ledger Nano S!
by
cryptoblackhat
on 03/10/2018, 22:33:29 UTC
Most of these coins I haven't even heard of - and yet large, popular communities like Monero still don't have support.

I think adding Monero (XMR) support would move forward the cryptocurrency community a lot more than any of these coins that are largely speculative.
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Board Service Discussion
Re: Aware of Bitmex issues?
by
cryptoblackhat
on 21/09/2018, 13:54:52 UTC
Sadly a lot of the crypto exchanges struggle to deal with high volume. Even Coinbase/GDAX tends to crash whenever there are big market events.

Were you just using stop losses, or also margin trading? If you margin trade then your positions will be much more vulnerable to manipulation like this.
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Topic
Board Bitcoin Discussion
Re: Can you use Bitcoin as a practical currency?
by
cryptoblackhat
on 10/09/2018, 15:11:50 UTC
I find Bitcoin about as practical as my previous forex brokers.

It's difficult to use for everyday transactions, like you might do with a credit card.
But it's easy to use for large international transactions, like sending a bank transfer between countries or paying for something online.
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Topic
Board Altcoin Discussion
Re: WHEN IS THE BEST TIME TO INVEST IN CRYPTOCURRENCY
by
cryptoblackhat
on 08/09/2018, 22:53:55 UTC
If you consider crypto as an *investment* (and not as a gamble or get-rich-quick scheme) then the best time to invest is *now*.

This is true no matter when "now" is (even if you read this one year into the future). Basically it's better to get into the market sooner, instead of trying to play the market and predict when is the lowest entry point.
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Topic
Board Altcoin Discussion
Re: India’s Central Bank Quietly Forms New Cryptocurrency, Blockchain Research Unit
by
cryptoblackhat
on 29/08/2018, 21:07:58 UTC
There is huge potential for innovation in the financial space from countries like India that have a large nascent population of people who were historically not very well connected to international financial systems.

This means any endorsement like this of crypto technologies from Indian authorities can have quite a large impact on the entire ecosystem, even outside of the country itself as it lends credibility and significant new market opportunities to the industry.
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Topic
Board Altcoin Discussion
Re: EOS wallet: wait for ledger?
by
cryptoblackhat
on 11/08/2018, 14:51:00 UTC
The main purpose of a hardware security device is to protect your funds.

As long as the EOS protocol and network are not fully stable, you could argue that using a hardware security device for protecting your funds is just premature optimization. Your security is only as strong as the weakest link, and in this case the network itself could be weaker (from a security perspective) than your computer or even wallet stored in the cloud.

Just my 2 cents as to why Ledger and Trezor aren't likely to focus on adding EOS support any time soon.
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Topic
Board Tokens (Altcoins)
Re: [ANN] [BTO] Bee App; The World's First Mortgage Backed Token
by
cryptoblackhat
on 11/08/2018, 14:46:37 UTC
Creating a token backed by mortgages sounds like a dangerous idea, especially in today's climate where the economy is quite volatile and defaulting on loans tends to happen far more than typical models would predict.

What systems are in place to prevent this token from relying on "bad debt" and ending up in a situation where there is insufficient real-world capital to back the tokens?
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Topic
Board Announcements (Altcoins)
Re: [ANN] Project Nella / Nellacoin / Nellas-Alts
by
cryptoblackhat
on 11/08/2018, 14:40:11 UTC
In the first post here you write "The true solution to "Fast, low-fee and reliable" payments with cryptocurrency".
On the Discord forum the main room is titled "Creating a community that's passionate about various altcoins!".

What is the goal of Project Nella? Is it to launch a new cryptocurrency that somehow revolutionizes payments in a way that's better than Bitcoin? Or is it simply a name for your community of people enthusiastic about all altcoins? I'm confused from these very disparate mission statements :-)
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Board Bitcoin Discussion
Re: Lost Bitcoins
by
cryptoblackhat
on 11/08/2018, 14:35:23 UTC
I checked your address here: https://blockexplorer.com/address/35j2dasvPaFTzExrnqqWYnho2jEJB4fjNM

This shows you have received one transaction for a total of 0.00463531 BTC. It doesn't match the amount you described, are you sure this is the right address?

How to export the private key was covered in several previous forum threads, most notably here: https://bitcointalk.org/index.php?topic=1079195.msg11522893#msg11522893
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Topic
Board Trading Discussion
Re: WHERE can I buy bitcoins with my Mastercard Credit Card
by
cryptoblackhat
on 11/08/2018, 14:22:36 UTC
The Abra app supports loading money with credit cards and then converting to crypto, as of March this year: https://www.abra.com/blog/20-new-cryptocurrencies/

The Revolut app also supports the same, but in more countries and with more different types of credit cards accepted: https://www.revolut.com/au/cryptocurrency

As @OmegaStarScream mentioned, Virwox.com has very high fees. Though they do allow some interesting conversions such as Paypal -> BTC if you're willing to accept the high overheads. Virwox is pretty much instant, as are both of the apps mentioned above.

CEX.IO requires a bit more setup and I've found their KYC to be incredibly slow. Coinmama is more light weight, but has a speedier KYC in my experience.
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Topic
Board Service Discussion
Re: Looking for selly.gg alternative
by
cryptoblackhat
on 09/08/2018, 11:46:34 UTC
There's also a satoshibox clone script for sale here, that you could host on your own servers: https://bitcointalk.org/index.php?topic=2258851.0
I just checked and it seems the sale is still ongoing for that script.

Otherwise I can't think of any mainstream alternatives, other than those already mentioned in this thread (e.g. Satoshibox, Rocketr).

For physical goods there is https://www.peerhub.com (payments with Steem) but if you were using selly.gg I imagine you're looking for a digital goods store, not physical.