Search content
Sort by
Showing 20 of 204 results by dongamk
A very descriptive and short explanation of bots. Nice job OP. What I might add is some disadvantages and risks.
There are numerous articles that summarise problems people encounter while using bots. If they were always making money nobody would choose active trading anymore, there would be only bots on every single exchange. Bots and newcomers who don't know how to set up a bot.
Here are the issues I ran into
The bot would make a buy order when there was a large dump in price (due to its simple algorithm that only saw price difference), and the sell order immediately after would never execute since the price stayed low for days or weeks.
No order would ever execute at profit margins higher than 0.6%, since better, more robust bots would always fill in those gaps before you. Binance is especially notorious for its various flavours of price manipulating cryptocurrency trading bots.
When orders did execute, Binances fees ate into the transaction. 0.1% fees (0.05% with BNB) meant that at the profit level I was forced to execute (<0.5%), fees made up a significant percentage. With the risk I was taking running such a basic strategy, it lead to me losing money more often than not. This problem wasnt so bad when the fees were reduced by 70% after the Binance outage.
The bot would often not be able to cancel its buy order in time, making me buy cryptocurrencies at higher prices than I would be able to sell at. This was either a loss that I had to eat by selling low (manually) or wait hours for the price to return. In some cases, it literally never returned and Im stuck holding some heavy bags (looking at you, Nano).
The combination of these problems meant that I couldnt keep this bot running 24×7. I usually ran into the above problems within 2 hours, in which I was lucky to make 0.05% profit. With low amounts (and if youre looking for free crypto bots, lets be honest, youre not a high roller), this becomes not worth it very quickly.
https://fynestuff.com/i-used-a-free-cryptocurrency-trading-bot-and-all-i-did-was-lose-money/
There are numerous articles that summarise problems people encounter while using bots. If they were always making money nobody would choose active trading anymore, there would be only bots on every single exchange. Bots and newcomers who don't know how to set up a bot.
Here are the issues I ran into
The bot would make a buy order when there was a large dump in price (due to its simple algorithm that only saw price difference), and the sell order immediately after would never execute since the price stayed low for days or weeks.
No order would ever execute at profit margins higher than 0.6%, since better, more robust bots would always fill in those gaps before you. Binance is especially notorious for its various flavours of price manipulating cryptocurrency trading bots.
When orders did execute, Binances fees ate into the transaction. 0.1% fees (0.05% with BNB) meant that at the profit level I was forced to execute (<0.5%), fees made up a significant percentage. With the risk I was taking running such a basic strategy, it lead to me losing money more often than not. This problem wasnt so bad when the fees were reduced by 70% after the Binance outage.
The bot would often not be able to cancel its buy order in time, making me buy cryptocurrencies at higher prices than I would be able to sell at. This was either a loss that I had to eat by selling low (manually) or wait hours for the price to return. In some cases, it literally never returned and Im stuck holding some heavy bags (looking at you, Nano).
The combination of these problems meant that I couldnt keep this bot running 24×7. I usually ran into the above problems within 2 hours, in which I was lucky to make 0.05% profit. With low amounts (and if youre looking for free crypto bots, lets be honest, youre not a high roller), this becomes not worth it very quickly.
https://fynestuff.com/i-used-a-free-cryptocurrency-trading-bot-and-all-i-did-was-lose-money/
Merited You.
Request Network:
The Request Network is an Ethereum-based, decentralized payment system in which anyone can request a payment and receive money in a secure way. It removes the need for trusted third-parties to provide a cheaper and more secure payment solution that works with all global currencies. Y Combinator has decided to support Request Network as well. It is we can say strong decentralized competitor of PayPal.
WABI:
Walimai, creator of WaBi, is a company that develops solutions to ensure product authenticity. It places secure anti-counterfeit labels on consumer products in China and internationally. Walimais operations are mainly in China, which suffers from counterfeit in products such as baby formula, cosmetics, and alcohol. In order to solve this problem and provide confidence for consumers, the company has developed RFID labels with anti-reuse design, as well as mobile Apps that integrate with the labels.
KEY:
THEKEY Project is developing a second-generation IDV solution for the internet via BDMI-Blockchain based Dynamic Multi-Dimension Identification technology. THEKEY is a dapp on NEO, and its also an indispensable element of NEO Smart Economy. With NEO technical support, THEKEY and NEO will provide better protection to your digital asset. Pilot program has been successfully implemented in few cities. Their partnership makes them strong.
POLY:
Polymath a system to facilitate the primary issuance and secondary trading of blockchain securities tokens. Polymath uses a blockchain-based system to coordinate and incentivize participants to collaborate and launch financial products on the blockchain. It Allows issuance of new security tokens by matching issuers with developers, who can translate their Security Offering parameters into secure code that generates ERC20 compatible tokens.
The Request Network is an Ethereum-based, decentralized payment system in which anyone can request a payment and receive money in a secure way. It removes the need for trusted third-parties to provide a cheaper and more secure payment solution that works with all global currencies. Y Combinator has decided to support Request Network as well. It is we can say strong decentralized competitor of PayPal.
WABI:
Walimai, creator of WaBi, is a company that develops solutions to ensure product authenticity. It places secure anti-counterfeit labels on consumer products in China and internationally. Walimais operations are mainly in China, which suffers from counterfeit in products such as baby formula, cosmetics, and alcohol. In order to solve this problem and provide confidence for consumers, the company has developed RFID labels with anti-reuse design, as well as mobile Apps that integrate with the labels.
KEY:
THEKEY Project is developing a second-generation IDV solution for the internet via BDMI-Blockchain based Dynamic Multi-Dimension Identification technology. THEKEY is a dapp on NEO, and its also an indispensable element of NEO Smart Economy. With NEO technical support, THEKEY and NEO will provide better protection to your digital asset. Pilot program has been successfully implemented in few cities. Their partnership makes them strong.
POLY:
Polymath a system to facilitate the primary issuance and secondary trading of blockchain securities tokens. Polymath uses a blockchain-based system to coordinate and incentivize participants to collaborate and launch financial products on the blockchain. It Allows issuance of new security tokens by matching issuers with developers, who can translate their Security Offering parameters into secure code that generates ERC20 compatible tokens.
Re: Share your BTC knowledge for Merits. How to earn Bitcoins on the Internet?
I simply follows this link for earning altcoins, check it out: https://cryptodemystified.in/faucet/
Some of the faucets are really paying well like 400 litoshi per 5 minute.
Some of the faucets are really paying well like 400 litoshi per 5 minute.
NKN
NKN (New Kind of Network) is a new generation of highly scalable, self-evolving and selfincentivized blockchain network infrastructure. NKN addresses the network decentralization and self-evolution by introducing Cellular Automata (CA) methodology for both dynamism and efficiency. NKN tokenizes network connectivity and data transmission capacity by a novel and useful Proof of Work. NKN focuses on decentralizing network resources, similar to how Bitcoin and Ethereum decentralize computing power as well as how IPFS and Filecoin decentralize storage. Together, they form the three pillars of the Internet infrastructure for next generation blockchain systems. NKN ultimately makes the network more decentralized, efficient, equalized, robust and secure, thus enabling healthier, safer, and more open Internet.
Block Collider
The Block Collider multichain is a high-speed distributed ledger built on sets of blocks from other blockchains, integrating those chains together and enabling many cross-chain features. The multichain supports ultra-low latency balance updates with the Financial Information eXchange (FIX) protocol and innovates on reduplication of work and incentives for miner network speed, so that the resulting multichain pushes the frontier of speed and throughput of blockchains. The Block Collider multichain is collaboratively created exclusively by decentralized peer-to-peer miners with no centralized points of failure, oracles, or validators.
Traceto
Anti Money Laundering (AML) and Counter Terrorism Financing (CTF)
Product Suitability
Credit Worthiness
NEX
Neon Exchange (NEX) is a decentralized platform on the NEO blockchain that applies a publicly verifiable offchain matching engine to handle trading volume and support complex orders (such as limit orders) that are not possible on existing DEXs. NEX will be the first exchange to utilize NEO, NEO Gas and its own NEX token as base pairs to trade NEP-5 tokens.
Alchemint
The Alchemint ICO and SDT Token offer a stablecoin management system built on the NEO platform. Alchemint aims to offer a multitude of fiat-pegged cryptocurrencies via a decentralized and transparent system of collateralized digital assets. Alchemint provides an opportunity to mortgage NEO holdings to access price stability. Initially targeting exchanges, the team envision a stablecoin that will be used for p2p payments, asset securitization and e-commerce.
Here is an addition: https://bitcointalk.org/index.php?topic=2736406.msg34751365#msg34751365
NKN (New Kind of Network) is a new generation of highly scalable, self-evolving and selfincentivized blockchain network infrastructure. NKN addresses the network decentralization and self-evolution by introducing Cellular Automata (CA) methodology for both dynamism and efficiency. NKN tokenizes network connectivity and data transmission capacity by a novel and useful Proof of Work. NKN focuses on decentralizing network resources, similar to how Bitcoin and Ethereum decentralize computing power as well as how IPFS and Filecoin decentralize storage. Together, they form the three pillars of the Internet infrastructure for next generation blockchain systems. NKN ultimately makes the network more decentralized, efficient, equalized, robust and secure, thus enabling healthier, safer, and more open Internet.
Block Collider
The Block Collider multichain is a high-speed distributed ledger built on sets of blocks from other blockchains, integrating those chains together and enabling many cross-chain features. The multichain supports ultra-low latency balance updates with the Financial Information eXchange (FIX) protocol and innovates on reduplication of work and incentives for miner network speed, so that the resulting multichain pushes the frontier of speed and throughput of blockchains. The Block Collider multichain is collaboratively created exclusively by decentralized peer-to-peer miners with no centralized points of failure, oracles, or validators.
Traceto
Anti Money Laundering (AML) and Counter Terrorism Financing (CTF)
Product Suitability
Credit Worthiness
NEX
Neon Exchange (NEX) is a decentralized platform on the NEO blockchain that applies a publicly verifiable offchain matching engine to handle trading volume and support complex orders (such as limit orders) that are not possible on existing DEXs. NEX will be the first exchange to utilize NEO, NEO Gas and its own NEX token as base pairs to trade NEP-5 tokens.
Alchemint
The Alchemint ICO and SDT Token offer a stablecoin management system built on the NEO platform. Alchemint aims to offer a multitude of fiat-pegged cryptocurrencies via a decentralized and transparent system of collateralized digital assets. Alchemint provides an opportunity to mortgage NEO holdings to access price stability. Initially targeting exchanges, the team envision a stablecoin that will be used for p2p payments, asset securitization and e-commerce.
Here is an addition: https://bitcointalk.org/index.php?topic=2736406.msg34751365#msg34751365
Bitcointalk ANN Thread:
It is very important factor to be considered before investing in ICO. What you should look for? In order to check your preferred ICO is scam or not, apart from reverse engineering, this should be applied. Open ann thread and search in comments SCAM word within ctrl+F. Evaluate it the reason behind someone's SCAM comment.
Team:
Many good ICO's had red flag because of this factor. In this section, you are supposed to find team member's bio would not be exactly as stated. For example, Seele project had red flag in team member's profile section. A member was university's professor while in real, he was not(something like that)
Cap:
Projects having unlimited or large hardcap are not worthy in my opinion. Apart from that, ico with large bonus to pre-sale participants should be avoided. It can not be scam, but possibility of dumping is high and it will result into proce decrement. Ex, Experty.
MVP:
This is something you should always look for. If project does not have one and it is stated in roadmap, it is going to a lot of time. Perhaps, it might be scam or product on paper.
Allocation of fund:
There are many projects that conduct ICO without having clear plan expenses of the funds collected. Often it is just a description of the development plan without further details. The more all the costs are spelled out, the more investors have reason to trust such projects.
It is very important factor to be considered before investing in ICO. What you should look for? In order to check your preferred ICO is scam or not, apart from reverse engineering, this should be applied. Open ann thread and search in comments SCAM word within ctrl+F. Evaluate it the reason behind someone's SCAM comment.
Team:
Many good ICO's had red flag because of this factor. In this section, you are supposed to find team member's bio would not be exactly as stated. For example, Seele project had red flag in team member's profile section. A member was university's professor while in real, he was not(something like that)
Cap:
Projects having unlimited or large hardcap are not worthy in my opinion. Apart from that, ico with large bonus to pre-sale participants should be avoided. It can not be scam, but possibility of dumping is high and it will result into proce decrement. Ex, Experty.
MVP:
This is something you should always look for. If project does not have one and it is stated in roadmap, it is going to a lot of time. Perhaps, it might be scam or product on paper.
Allocation of fund:
There are many projects that conduct ICO without having clear plan expenses of the funds collected. Often it is just a description of the development plan without further details. The more all the costs are spelled out, the more investors have reason to trust such projects.
Well, altcoins are being developed on various native blockchain like ethereum, neo, stratis, nem etc. As these native blockchain have limitations, altcoins built on top of that appear to have limitations.
The first major reason can be adoption. Numerous of ICO's are being launched and products are being developed, but only few of them contains possibility of adoption in real-time. We have to wait until mainnet launch and within this time it might get competitors with running product, right? However, look at the adoption possibilities of Request Netwrok, WABI etc, as they clear roadmap checkpoint, possibility of adoption is great.
If you have mistakenly sent your altcoins to other address than recipient, your sent altcoins are lost. There is no way to reverse back that transaction.
Volatility of altcoins is the most important factor behind poor adoption of altcoins. People don't want to use them within their real application because of the fear of price uncertainty. Most of the giant companies are silent towards cryptocurrencies and ratio of unawareness from cryptocurrencies is not supposed to be decrease due to this fact. People are not aware of how to use cryptocurrency and hence open themselves to hacker and scammers. The technology is somewhat complex and therefore one needs to be mindful of it before investing.
The first major reason can be adoption. Numerous of ICO's are being launched and products are being developed, but only few of them contains possibility of adoption in real-time. We have to wait until mainnet launch and within this time it might get competitors with running product, right? However, look at the adoption possibilities of Request Netwrok, WABI etc, as they clear roadmap checkpoint, possibility of adoption is great.
If you have mistakenly sent your altcoins to other address than recipient, your sent altcoins are lost. There is no way to reverse back that transaction.
Volatility of altcoins is the most important factor behind poor adoption of altcoins. People don't want to use them within their real application because of the fear of price uncertainty. Most of the giant companies are silent towards cryptocurrencies and ratio of unawareness from cryptocurrencies is not supposed to be decrease due to this fact. People are not aware of how to use cryptocurrency and hence open themselves to hacker and scammers. The technology is somewhat complex and therefore one needs to be mindful of it before investing.
__________________________________________________________________________
Sint
विश्व का सबसे तेज क्रिप्टो और फिएट विनिमय
_______________________________________________________________________________
WEBSITE | YOUTUBE | TWITTER | TELEGRAM | BITCOINTALK | WHITEPAPER
Sint Bittrex, Poloniex आदि परंपरागत क्रिप्टोकरेंसी विनिमयों की तरह काम नहीं करता है। इसका मुख्य उद्देश्य निवेशकों और मौजूदा बाजारों के बीच संपत्तियों के प्रवाह के लिए एक सुव्यवस्थित बाजार की स्थिति के साथ एक प्रवेश द्वार होना है। सभी लोकप्रिय ऑनलाइन भुगतान विधियों का समर्थन करने से, Sint निवेशकों को बहुत ही कम समय में फिएट मुद्राओं से क्रिप्टोकरेंसी में और इसके विपरीत परिवर्तित करने की अनुमति देता है।
Sint काम कैसे करता है?
एक ही मंच में इन सुधारों को एकीकृत करके, नकदी प्रवाह की देरी से होने वाले संभावित नुकसान के बिना निवेशको को वास्तविक समय में अपनी परिसंपत्तियों का प्रबंधन करने के लिए एक अविश्वसनीय मौका दिया जाता है। क्रिप्टोकरेंसी बाजार पर वर्तमान में मौजूद समाधानों से निवेशकों को काफी हद तक बाधा आती है और व्यापार में नुकसान प्रत्यक्ष कारण हो सकता हैै।
कार्यान्वयन काम कैसे करता है?
जब आपको वॉलेट में क्रिप्टोकरेंसी जमा करने की आवश्यकता होती है:
जब आपको क्रिप्टोकरेंसी का धनाहरण करने की जरूरत है, और उन्हें अपने क्रेडिट कार्ड या बैंक खाते में स्थानांतरित करने की आवश्यकता होती है:
टोकनसारांश
टोकनवितरण
दिशानिर्देश
दल
Sint
विश्व का सबसे तेज क्रिप्टो और फिएट विनिमय
_______________________________________________________________________________
WEBSITE | YOUTUBE | TWITTER | TELEGRAM | BITCOINTALK | WHITEPAPER
Sint Bittrex, Poloniex आदि परंपरागत क्रिप्टोकरेंसी विनिमयों की तरह काम नहीं करता है। इसका मुख्य उद्देश्य निवेशकों और मौजूदा बाजारों के बीच संपत्तियों के प्रवाह के लिए एक सुव्यवस्थित बाजार की स्थिति के साथ एक प्रवेश द्वार होना है। सभी लोकप्रिय ऑनलाइन भुगतान विधियों का समर्थन करने से, Sint निवेशकों को बहुत ही कम समय में फिएट मुद्राओं से क्रिप्टोकरेंसी में और इसके विपरीत परिवर्तित करने की अनुमति देता है।
Sint काम कैसे करता है?
एक ही मंच में इन सुधारों को एकीकृत करके, नकदी प्रवाह की देरी से होने वाले संभावित नुकसान के बिना निवेशको को वास्तविक समय में अपनी परिसंपत्तियों का प्रबंधन करने के लिए एक अविश्वसनीय मौका दिया जाता है। क्रिप्टोकरेंसी बाजार पर वर्तमान में मौजूद समाधानों से निवेशकों को काफी हद तक बाधा आती है और व्यापार में नुकसान प्रत्यक्ष कारण हो सकता हैै।
कार्यान्वयन काम कैसे करता है?
जब आपको वॉलेट में क्रिप्टोकरेंसी जमा करने की आवश्यकता होती है:
- क्रिप्टोकरेंसी चुनें जिसे आप वॉलेट में जमा करना चाहते हैं।
- एक वॉलेट एड्रेस का पता निर्दिष्ट करें जहां आप क्रिप्टोकरेंसी जमा करना चाहते हैं।
- तत्काल भुगतान प्रणाली का उपयोग करके केवल एक क्लिक के साथ अपने क्रेडिट कार्ड या बैंक खाते से आधिकारिक मुद्रा जमा करें।
- आपके क्रिप्टोकरेंसी एड्रेस पर करेंसी जमा हो जाएगी।
जब आपको क्रिप्टोकरेंसी का धनाहरण करने की जरूरत है, और उन्हें अपने क्रेडिट कार्ड या बैंक खाते में स्थानांतरित करने की आवश्यकता होती है:
- आधिकारिक मुद्रा चुनें जिसे आप प्राप्त करना चाहते हैं और बैंक खाता नंबर निर्दिष्ट करें जहां धन हस्तांतरित किया जाना चाहिए।
- क्रिप्टोकरेंसी चुनें जिसे आप बेचना चाहते हैं।
- आपको एक अनूठा वॉलेट एड्रेस दिया जाएगा जहां आप क्रिप्टोकरेंसी भेजेंगे।
- ब्लॉकचैन तंत्र द्वारा पुष्टि प्राप्त होने के तुरंत बाद धन आपके खाते में प्रदर्शित होगा।
टोकनसारांश
टोकनवितरण
दिशानिर्देश
दल
NKN
NKN (New Kind of Network) is a new generation of highly scalable, self-evolving and selfincentivized blockchain network infrastructure. NKN addresses the network decentralization and self-evolution by introducing Cellular Automata (CA) methodology for both dynamism and efficiency. NKN tokenizes network connectivity and data transmission capacity by a novel and useful Proof of Work. NKN focuses on decentralizing network resources, similar to how Bitcoin and Ethereum decentralize computing power as well as how IPFS and Filecoin decentralize storage. Together, they form the three pillars of the Internet infrastructure for next generation blockchain systems. NKN ultimately makes the network more decentralized, efficient, equalized, robust and secure, thus enabling healthier, safer, and more open Internet.
Block Collider
The Block Collider multichain is a high-speed distributed ledger built on sets of blocks from other blockchains, integrating those chains together and enabling many cross-chain features. The multichain supports ultra-low latency balance updates with the Financial Information eXchange (FIX) protocol and innovates on reduplication of work and incentives for miner network speed, so that the resulting multichain pushes the frontier of speed and throughput of blockchains. The Block Collider multichain is collaboratively created exclusively by decentralized peer-to-peer miners with no centralized points of failure, oracles, or validators.
Traceto
Anti Money Laundering (AML) and Counter Terrorism Financing (CTF)
Product Suitability
Credit Worthiness
NEX
Neon Exchange (NEX) is a decentralized platform on the NEO blockchain that applies a publicly verifiable offchain matching engine to handle trading volume and support complex orders (such as limit orders) that are not possible on existing DEXs. NEX will be the first exchange to utilize NEO, NEO Gas and its own NEX token as base pairs to trade NEP-5 tokens.
Alchemint
The Alchemint ICO and SDT Token offer a stablecoin management system built on the NEO platform. Alchemint aims to offer a multitude of fiat-pegged cryptocurrencies via a decentralized and transparent system of collateralized digital assets. Alchemint provides an opportunity to mortgage NEO holdings to access price stability. Initially targeting exchanges, the team envision a stablecoin that will be used for p2p payments, asset securitization and e-commerce.
NKN (New Kind of Network) is a new generation of highly scalable, self-evolving and selfincentivized blockchain network infrastructure. NKN addresses the network decentralization and self-evolution by introducing Cellular Automata (CA) methodology for both dynamism and efficiency. NKN tokenizes network connectivity and data transmission capacity by a novel and useful Proof of Work. NKN focuses on decentralizing network resources, similar to how Bitcoin and Ethereum decentralize computing power as well as how IPFS and Filecoin decentralize storage. Together, they form the three pillars of the Internet infrastructure for next generation blockchain systems. NKN ultimately makes the network more decentralized, efficient, equalized, robust and secure, thus enabling healthier, safer, and more open Internet.
Block Collider
The Block Collider multichain is a high-speed distributed ledger built on sets of blocks from other blockchains, integrating those chains together and enabling many cross-chain features. The multichain supports ultra-low latency balance updates with the Financial Information eXchange (FIX) protocol and innovates on reduplication of work and incentives for miner network speed, so that the resulting multichain pushes the frontier of speed and throughput of blockchains. The Block Collider multichain is collaboratively created exclusively by decentralized peer-to-peer miners with no centralized points of failure, oracles, or validators.
Traceto
Anti Money Laundering (AML) and Counter Terrorism Financing (CTF)
Product Suitability
Credit Worthiness
NEX
Neon Exchange (NEX) is a decentralized platform on the NEO blockchain that applies a publicly verifiable offchain matching engine to handle trading volume and support complex orders (such as limit orders) that are not possible on existing DEXs. NEX will be the first exchange to utilize NEO, NEO Gas and its own NEX token as base pairs to trade NEP-5 tokens.
Alchemint
The Alchemint ICO and SDT Token offer a stablecoin management system built on the NEO platform. Alchemint aims to offer a multitude of fiat-pegged cryptocurrencies via a decentralized and transparent system of collateralized digital assets. Alchemint provides an opportunity to mortgage NEO holdings to access price stability. Initially targeting exchanges, the team envision a stablecoin that will be used for p2p payments, asset securitization and e-commerce.
I have been seeing the same questions asked many times on the boards, so I figured why not put them in one place. As we see more we can add to it, feel free to ask questions as well and we will see if we can get answers.
Why do people create bots in the first place?
Its obvious that people don't want to be staring at charts and trying to figure out the best time to buy and sell. Sometimes, it is also used to save transaction fees. In short, it for simplicity. Well, purpose may vary from creator to creator.
How do the bots work?
Each bot is set of indicators and parameters that when all align will make a buy or sell signal, telling the exchange of your choice to execute a trade. Most of the time a bot is tuned for a specific market and time period, this is the creator's best educated guess on how the market will work in the future. It is not a magic crystal ball that will make perfect trades every time.
How long will it take to get rich using the bots?
If there was an easy way to get rich off bots and altcoins, don't you think there would be more stories out there about it? The better question is...
What should I expect as profit?
Depending on the time frame and what your bot is looking for you could make a lot, or loose some. This is after all a free market and not a bank. There are large unknowns when dealing with markets, any number of influences can trigger a rise or fall. Most bots will be a better strategy than a buy and hold method and as long as you believe your choice of altcoin will go up, then you will likely make a profit. Sometimes a bot is used to help reduce lost, not just make profit.
If a bot is not preforming the way you think you can always change bots or pause the bot and make a manual trade and then turn the bot back on when it is in sync with your choice.
Why use a bot at all?
There are many reasons why you would use a bot. Maybe you are an inexperienced trader and are looking for a way to get into trading, maybe you want someone watching over your account while you are away or asleep, maybe you don't need the stress of staring at monitors all day and want a rational less emotional way of trading.
Why doesn't my bot buy/sell at the lowest/highest?
Most importantly the bots are not always checking to buy or sell, they have a period of time where they wait and it is likely that which ever peak or valley doesn't happen right when the bot checks. Plus even if it was the highest or lowest how would the bot know? All bots are looking for specific conditions to trade on and in most cases it will execute after it the high or low.
This is the holy grail of bot trading, not just for altcoins, but for all markets. There are large computers with well paid designers trying to create these kinds of bots.
Why does one bot buy/sell but another doesn't?
Different bots are designed and tuned to do different things. Of course they are going to react differently to the market. -cryptotrader
Why do people create bots in the first place?
Its obvious that people don't want to be staring at charts and trying to figure out the best time to buy and sell. Sometimes, it is also used to save transaction fees. In short, it for simplicity. Well, purpose may vary from creator to creator.
How do the bots work?
Each bot is set of indicators and parameters that when all align will make a buy or sell signal, telling the exchange of your choice to execute a trade. Most of the time a bot is tuned for a specific market and time period, this is the creator's best educated guess on how the market will work in the future. It is not a magic crystal ball that will make perfect trades every time.
How long will it take to get rich using the bots?
If there was an easy way to get rich off bots and altcoins, don't you think there would be more stories out there about it? The better question is...
What should I expect as profit?
Depending on the time frame and what your bot is looking for you could make a lot, or loose some. This is after all a free market and not a bank. There are large unknowns when dealing with markets, any number of influences can trigger a rise or fall. Most bots will be a better strategy than a buy and hold method and as long as you believe your choice of altcoin will go up, then you will likely make a profit. Sometimes a bot is used to help reduce lost, not just make profit.
If a bot is not preforming the way you think you can always change bots or pause the bot and make a manual trade and then turn the bot back on when it is in sync with your choice.
Why use a bot at all?
There are many reasons why you would use a bot. Maybe you are an inexperienced trader and are looking for a way to get into trading, maybe you want someone watching over your account while you are away or asleep, maybe you don't need the stress of staring at monitors all day and want a rational less emotional way of trading.
Why doesn't my bot buy/sell at the lowest/highest?
Most importantly the bots are not always checking to buy or sell, they have a period of time where they wait and it is likely that which ever peak or valley doesn't happen right when the bot checks. Plus even if it was the highest or lowest how would the bot know? All bots are looking for specific conditions to trade on and in most cases it will execute after it the high or low.
This is the holy grail of bot trading, not just for altcoins, but for all markets. There are large computers with well paid designers trying to create these kinds of bots.
Why does one bot buy/sell but another doesn't?
Different bots are designed and tuned to do different things. Of course they are going to react differently to the market. -cryptotrader
If you want to keep a 1 mb file on your computers hard disk, you will have to have that available space on your local computers hard disk. However there are few advantages which were noticed eventually. example: limited storage space, hardware crash (data loss), data can only be accessed on local computer.
Now when cloud storage took place, this risk vanished and better ways to access data were discovered. Example: No hardware crash risk (cloud servers do replica backup to other servers, no data loss), unlimited storage, data can be accessed anywhere in the world even from your smart phone.
Now cloud mining is just that concept, you dont have to deploy your own miners, you dont have to configure your own networking system, no internet maintenance, no worries of downtime. Hence, great mining output.
So when you calculate, these cloud mining centers earn from subscriptions and the percentage saving on Bitcoins.
Advantage:
Disadvantage:
Now when cloud storage took place, this risk vanished and better ways to access data were discovered. Example: No hardware crash risk (cloud servers do replica backup to other servers, no data loss), unlimited storage, data can be accessed anywhere in the world even from your smart phone.
Now cloud mining is just that concept, you dont have to deploy your own miners, you dont have to configure your own networking system, no internet maintenance, no worries of downtime. Hence, great mining output.
So when you calculate, these cloud mining centers earn from subscriptions and the percentage saving on Bitcoins.
Advantage:
- No added electricity costs
- No equipment to sell when mining ceases to be profitable
- No ventilation problems with hot equipment
- Reduced chance of being let down by mining equipment suppliers.
Disadvantage:
- Risk of fraud
- Opaque mining operations
- Lower profits
- Lack of control and flexibility
Here are the few sentences from our government:
Can anyone explain what are they actually trying to declare!!
Quote
Right now, we have a group of people who are looking at fiat cryptocurrencies. Something that is an alternative to the Indian rupee, so to speak. We are looking at that closely.
Quote
As regards non-fiat cryptocurrencies, I think we are not comfortable...non-fiat cryptocurrencies like Bitcoins, for example
Quote
As far as the Indian governments stance is concerned, we have not given any legitimacy to cryptocurrency. Yes, we have received the report, and it is under examination.
Quote
Bitcoins or any such cryptocurrency are not legal tender and those indulging in such transactions are doing it at their own risk
Quote
Any of the financial operators of India (such as Banks etc) are required to stop having a business relationship with the entities dealing with virtual currencies.
Quote
Disruptive technologies such as blockchain and internet of things, we will have profound impact in the way we live and work. They will require rapid adaption on our workplaces - Narendra Modi
Can anyone explain what are they actually trying to declare!!
Re: What would be my checklist for buying new AntMiner S9 14th
Bitmain delivers their Bitcoin miners in batches. Every batch is different than the other and also has a different hash rate. So its extremely possible that youll find yourself buying an Antminer s9 that has a hash rate of only 11.85 TH/s and not 14 TH/s. Thats why its important to know the specifications of the exact miner youre looking into before buying it.
NOTE: make sure to know the EXACT specifications of the miner youre buying. This way you will know to calculate the exact ROI and when you will break even.
The Antminer s9 cant just be plugged into the wall, it needs a PSU (power supply unit). So whenever you purchase an Antminer keep in mind that you will need to spend a PSU. Bitmain (Antminers manufacturer) recommends using APW3-12-1600-B2.
Seeing as most people will probably rush to buy the new Antminer s9 you may want to consider getting the older model (Antminer s7) at a discounted price due to lower demand. The Antminer S7 has about 33% of the hashing power of the s9 (it runs at 4.73 TH/s) but if you buy 3 used ones it will probably cost less. Heres what one experienced miner had to say about the Antminer s9.
Bitmain supply their customers with a 90 day warranty, however that warranty comes with limitations. For example, the warranty wont be valid if you overclock the miner. Also, if you use an inappropriate power supply or generate environmental damage to your miner you wont be eligible for a warranty (e.g. corrosion due to wet environment).
NOTE: make sure to know the EXACT specifications of the miner youre buying. This way you will know to calculate the exact ROI and when you will break even.
The Antminer s9 cant just be plugged into the wall, it needs a PSU (power supply unit). So whenever you purchase an Antminer keep in mind that you will need to spend a PSU. Bitmain (Antminers manufacturer) recommends using APW3-12-1600-B2.
Seeing as most people will probably rush to buy the new Antminer s9 you may want to consider getting the older model (Antminer s7) at a discounted price due to lower demand. The Antminer S7 has about 33% of the hashing power of the s9 (it runs at 4.73 TH/s) but if you buy 3 used ones it will probably cost less. Heres what one experienced miner had to say about the Antminer s9.
Bitmain supply their customers with a 90 day warranty, however that warranty comes with limitations. For example, the warranty wont be valid if you overclock the miner. Also, if you use an inappropriate power supply or generate environmental damage to your miner you wont be eligible for a warranty (e.g. corrosion due to wet environment).
In a time when cryptocurrencies are becoming more mainstream and a more lucrative form of income for individuals all around the world, it's no surprise that technology continues to advance at a lightning-fast rate. For several of us, our journey started in the cryptocurrency space in the form of mining. Some of us started with GPUs and continued on as technology advanced and ASICs were developed. In an effort to curb this trend, newer cryptocurrencies that were supposedly ASIC-resistant were developed.
Bitmain has been consistently in the lead of ASIC development and ahead of all competition when it came to price vs hashrate and faster to market than any other manufacturer to date.
Once that ASIC comes online, it will destroy the profitability for GPU mining. Smaller miners will shut off their machines because it wont be profitable for them to mine ethereum any more. It will crush the mom-and-pops. First, the price has dropped on ether, and now with the ASICs, GPU mining will become even less profitable. That stronger processing power will make mining more difficult for GPU miners. ASIC machines have the capability to run through calculations at a faster rate than GPUs and solve more blocks at a faster clip, so the ether algorithms will increase the degree of difficulty exponentially for all ether miners attempting to unlock blocks.
Cryptocurrency players say they are concerned ASICs will transform the industry, because their high cost will make mining viable for only a small number of participants, including large companies and wealthy individuals. That could give these participants the potential to control a currency.
If two or three mining pools have more than 51% of the combined hash power, they can decide which ether blocks get mined and which ones dont. The guys who created bitcoin (BTC) never envisioned GPUs being used to mine it or ASICs. They thought it would be democratized and everyone would mine it just using their computers. But now the only way to mine for bitcoin is to have an ASIC, and the power is consolidated around it.
Yes, during the distribution of antiminer f3 in july, eth mining will be profitable but after saturation of ASIC, it won't as btc nowadays it.
Bitmain has been consistently in the lead of ASIC development and ahead of all competition when it came to price vs hashrate and faster to market than any other manufacturer to date.
Once that ASIC comes online, it will destroy the profitability for GPU mining. Smaller miners will shut off their machines because it wont be profitable for them to mine ethereum any more. It will crush the mom-and-pops. First, the price has dropped on ether, and now with the ASICs, GPU mining will become even less profitable. That stronger processing power will make mining more difficult for GPU miners. ASIC machines have the capability to run through calculations at a faster rate than GPUs and solve more blocks at a faster clip, so the ether algorithms will increase the degree of difficulty exponentially for all ether miners attempting to unlock blocks.
Cryptocurrency players say they are concerned ASICs will transform the industry, because their high cost will make mining viable for only a small number of participants, including large companies and wealthy individuals. That could give these participants the potential to control a currency.
If two or three mining pools have more than 51% of the combined hash power, they can decide which ether blocks get mined and which ones dont. The guys who created bitcoin (BTC) never envisioned GPUs being used to mine it or ASICs. They thought it would be democratized and everyone would mine it just using their computers. But now the only way to mine for bitcoin is to have an ASIC, and the power is consolidated around it.
Yes, during the distribution of antiminer f3 in july, eth mining will be profitable but after saturation of ASIC, it won't as btc nowadays it.
I am in. I actually like TRX because,
Consensus Mechanisms
The TRON Network uses innovative consensus mechanisms to resolve personal identification and credit issues in online transactions.
Point-to-Point Transactions
TRON employs point-to-point transactions which allows users to avoid centralized settlement structures.
Smart Contract Protocol
TRONs Smart Contract Protocol is what enables users to benefit from the features of this digital currency, breaking down information barriers that exist between apps and allowing apps to avoid becoming information silos as a result of the short monetization cycle inherent to entertainment apps and systems.
Blockchain Flexibility
TRON supports numerous blockchain networks, including Bitcoin, Ethereum, EOS, and Qtum, which enhances its utility and liquidity.
Gaming Currency Exchange
Additionally, gaming companies can issue any game or platform-specific currency and trade that currency freely with other publishers via TRON protocols. As a result, users can shift one games currency to another in a smooth and fast process. This sets up the foundation for a deregulated global gaming environment.
Consensus Mechanisms
The TRON Network uses innovative consensus mechanisms to resolve personal identification and credit issues in online transactions.
Point-to-Point Transactions
TRON employs point-to-point transactions which allows users to avoid centralized settlement structures.
Smart Contract Protocol
TRONs Smart Contract Protocol is what enables users to benefit from the features of this digital currency, breaking down information barriers that exist between apps and allowing apps to avoid becoming information silos as a result of the short monetization cycle inherent to entertainment apps and systems.
Blockchain Flexibility
TRON supports numerous blockchain networks, including Bitcoin, Ethereum, EOS, and Qtum, which enhances its utility and liquidity.
Gaming Currency Exchange
Additionally, gaming companies can issue any game or platform-specific currency and trade that currency freely with other publishers via TRON protocols. As a result, users can shift one games currency to another in a smooth and fast process. This sets up the foundation for a deregulated global gaming environment.
1. Earn Bitcoins by Surfing Websites/Viewing ads
- this is generally faucet websites from which you can get cryptocurrencies easily. look at here: https://cryptodemystified.in/faucet/
2. By creating masternodes
- This is new kind of earning passive income. This requires investment but you won't have fear to loose it.
3. Mining cryptocurrencies
- just search online about it and you will have idea about it. Instead of using hardware, you can try cloud mining to on the platforms which provide free initial credits for usage.
4. By providing freelancing service
- examples, Jobs4Bitcoins, XBTFreelancer, Coinality, bitWAGE, CoinWorker. On these platforms, you can earn bitcoins for providing you service including writing articles, SEO, video creation etc.
5. Earn Bitcoin by lending
-there are many sites available where you can get bitcoins by lending your bitcoins. ex. bitbond, salt etc.
Last but not the least. BOUNTIES and AIRDROPS can you get you good amount of money.
- this is generally faucet websites from which you can get cryptocurrencies easily. look at here: https://cryptodemystified.in/faucet/
2. By creating masternodes
- This is new kind of earning passive income. This requires investment but you won't have fear to loose it.
3. Mining cryptocurrencies
- just search online about it and you will have idea about it. Instead of using hardware, you can try cloud mining to on the platforms which provide free initial credits for usage.
4. By providing freelancing service
- examples, Jobs4Bitcoins, XBTFreelancer, Coinality, bitWAGE, CoinWorker. On these platforms, you can earn bitcoins for providing you service including writing articles, SEO, video creation etc.
5. Earn Bitcoin by lending
-there are many sites available where you can get bitcoins by lending your bitcoins. ex. bitbond, salt etc.
Last but not the least. BOUNTIES and AIRDROPS can you get you good amount of money.
Here you go: https://bitcointalk.org/index.php?topic=3301402
I have seen this question in altcoins board. And here is my input.
Let's think in terms of games.
Your all game assets are stored with your user id and password, right? Suppose, we have a game where all these assets like food, healthpacks, weapons can be sent to your friend if you know your friend's user id. But no one can steal your assets until your password has been stolen or you shared. Now what if you want to beat your friend in an online game? You need to know how much healtpacks, weapons or food he/she posseses, isn't it? And hence, games are designed in such a way that anyone can see others game assets.
Now this user id is known as address and password is your private keys. And combining them, you have a wallet. Stating assets as bitcoin and therefore, you can send bitcoin to others address but they can not steal your bitcoin as you hold the private keys. Similarly, other can send you bitcoins if they know your address and all such transfers can be seen on website whether it is yours or others.
That's it.
If you have another mindset, please share here. You're most welcome
1. Because of influx of investors in bitcoins, two major problems had occurred. The first was the slowdown of clearance of payments. Second the transaction fee had risen. After these two reasons surfaced, the bitcoins usability started falling. By 2017, several early retail adopters had started abandoning bitcoins, or started switching to the rival digital currencies.
2. The old bitcoin had a maximum limit of 1 MB of data per block or about 3 transactions per second. Although these limits could be raised technically, the bitcoin community never reached a consensus after years of debate. So, instead of raising the limits, the community decided to create another blockchain (which was later known as Bitcoin Cash) with the improved limits. The older bitcoins were taken to this new and improved blockchain that had a maximum limit of 8 MBs per block.
3. From the hard fork on August 1, 2017, Bitcoin Cash was born, increasing the capacity limit of each block. The purpose of the fork was to raise the number of transactions that can be processed by increasing the block size to 8 MBs against 1 MB of bitcoin.
4. Bitcoin cash is the hard fork of the bitcoin. A hard fork occurs when a blockchain splits into two incompatible separate chains. Anyone who held bitcoin at the time of bitcoin cash was created automatically became owners of bitcoin cash.
5. Bitcoin Cash's official website states that the new digital currency fulfills the original promise of bitcoin as peer-to-peer electronic cash. The users are empowered with low fees and reliable confirmations.
2. The old bitcoin had a maximum limit of 1 MB of data per block or about 3 transactions per second. Although these limits could be raised technically, the bitcoin community never reached a consensus after years of debate. So, instead of raising the limits, the community decided to create another blockchain (which was later known as Bitcoin Cash) with the improved limits. The older bitcoins were taken to this new and improved blockchain that had a maximum limit of 8 MBs per block.
3. From the hard fork on August 1, 2017, Bitcoin Cash was born, increasing the capacity limit of each block. The purpose of the fork was to raise the number of transactions that can be processed by increasing the block size to 8 MBs against 1 MB of bitcoin.
4. Bitcoin cash is the hard fork of the bitcoin. A hard fork occurs when a blockchain splits into two incompatible separate chains. Anyone who held bitcoin at the time of bitcoin cash was created automatically became owners of bitcoin cash.
5. Bitcoin Cash's official website states that the new digital currency fulfills the original promise of bitcoin as peer-to-peer electronic cash. The users are empowered with low fees and reliable confirmations.