Search content
Sort by

Showing 20 of 26 results by sheryllmcnulty
Post
Topic
Board Trading Discussion
Topic OP
How safe are crypto wallets??
by
sheryllmcnulty
on 20/06/2022, 07:13:26 UTC
It’s been all over the news how vulnerable older versions of crypto wallets can be. Right now, it’s the name of Metamask that has come out in the open, but I think there will be more to follow as well. This shows that using a crypto wallet isn’t enough, but one should ensure that it is up-to-date and has multiple layers of security. I also think it is better to divide the investments into multiple wallets to reduce the risks. Is anybody using multiple wallets here? If yes, then which ones are those, and how good are their safety features?
Post
Topic
Board Trading Discussion
Merits 10 from 1 user
Re: trading Forex with Bitcoin deposit/withdraw
by
sheryllmcnulty
on 31/05/2022, 13:56:37 UTC
⭐ Merited by capoeira (10)
I’m looking to trade cryptos cfds and have found a few brokers like turnkey forex, eaglefx, justforex, and lqdfx. Which one should I go with?
Post
Topic
Board Trading Discussion
Re: Forex brokers with Bitcoin as funding option
by
sheryllmcnulty
on 04/02/2022, 03:41:19 UTC
Thanks for sharing this list of forex brokers. Helpful for anybody looking for the best crypto broker. I like that they also offer high leverage for crypto trading. The best part about crypto cfd trading is that you can earn profits without having to worry about storing your coins safely. The best crypto broker for cfd  trading gives you access to a variety of trading tools and lets you go either direction, be it long or short, to earn profits.
Post
Topic
Board Bitcoin Discussion
Re: Will bitcoin ever get regulated
by
sheryllmcnulty
on 12/11/2021, 05:17:54 UTC
Bitcoin is operated by a non-government decentralized authority, which is the prime reason behind its transparency. All transactions through Bitcoin undergo massive computerized verifications. Anyone can access the public ledger where the Bitcoin balances are stored. IMHO, it will never be possible to regulate Bitcoin by any one centralised authority.
Post
Topic
Board Bitcoin Discussion
Re: No one can continue ignoring Bitcoin
by
sheryllmcnulty
on 12/11/2021, 05:09:29 UTC
Presently the blockchain technology is in immense use and widely accepted by several sectors primarily because of the safety it provides. Various sectors are using this latest technology to enhance their existing system and grow business rapidly. Hence, it is in no way possible to ignore Bitcoin in the coming future.
Post
Topic
Board Beginners & Help
Re: How to trade properly for newbies
by
sheryllmcnulty
on 08/11/2021, 07:54:17 UTC
The best advice I can give to newbies is not to take risks when you are not prepared. You might see the market as an easy way of making money, but when you actually start doing it, you will understand that it is not that easy.
Post
Topic
Board Bitcoin Discussion
Re: Does Bitcoin have any real value?
by
sheryllmcnulty
on 21/10/2021, 03:49:42 UTC
Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?
You might be wondering why a lot of rich people are involved here. They are investing crypto not because they look for any backup by any physical asset but they consider this as a digital investment. They find it risky (as well known) but this never gives them hard to understand and I think you can do the same if you want to.

May you have to start in small amount and for you to prove that investing in Bitcoin is worthy of your trust. Risk takers will take the risk but if you are doubtful, I guess you will not have to try.

Starting with a small amount is always the right thing, my first btc trade was just 0.001 btc. Wasn’t sure back then if crypto trading is for me.

Do brokers allow such small investments, and is it even worth?
Post
Topic
Board Economics
Re: What is better - cryptocurrency trading or investing?
by
sheryllmcnulty
on 14/10/2021, 11:26:23 UTC
Let’s not forget leverage, one solid tool to amplify your earnings. But a word of caution: it’s only for those who know how to manage risk and have a strong risk management strategy in place, like using only limit orders and a fixed sl, risk/reward ratio at 1:2, and keeping an eye out for all the correlated factors.

Any altcoins you looking at, besides eth? And which broker are you using for leverage
Post
Topic
Board Economics
Re: What is better - cryptocurrency trading or investing?
by
sheryllmcnulty
on 14/10/2021, 11:13:52 UTC
I think being a day trader can earn bigger profits than long term investments, but being able to do both is much better because you can get a much bigger profit. the profit you receive from daily trading you will receive at any time but with a small amount, but if you make a long-term investment you will enjoy a very large amount of profit in the future.

Being a day trader seems more safe to me, cause what if bitcoin suddenly crashes, you never know when Elon Musk or some other celeb might dump the coin and the whole crypto market will shake. If one has the technical skills then it’s better to daytrade.
Post
Topic
Board Trading Discussion
Re: forex trading vs cripto trading
by
sheryllmcnulty
on 21/09/2021, 06:26:05 UTC
I think that forex would be a better choice when it comes to trading. It’s more predictable compared to crypto trading and you can trade while having more control of the situation.
Post
Topic
Board Trading Discussion
Re: Need help with trading
by
sheryllmcnulty
on 20/09/2021, 05:05:59 UTC
No one can create the right strategy in the first attempt. It is created through re-evaluation. Analyzing your mistakes and making required changes will help you improve.
Post
Topic
Board Bitcoin Discussion
Re: Bank of America Approves Bitcoin Futures
by
sheryllmcnulty
on 26/07/2021, 12:45:08 UTC
Yep, that’s correct @Btcvilla. This news will have a good impact on bitcoin trading in other countries too.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is more real than money in the Bank
by
sheryllmcnulty
on 26/07/2021, 12:32:37 UTC
Bitcoin is real till it has this wide range of support from the big tech giants and government. Once their agenda changes, the value will go down swiftly
Post
Topic
Board Development & Technical Discussion
Re: BitCrack - A tool for brute-forcing private keys
by
sheryllmcnulty
on 23/07/2021, 07:48:38 UTC
I can't really find the source code for it. Has he shared it or did I miss out on something
Post
Topic
Board Mining
Re: Solo mining using Bitcoin Core wallet
by
sheryllmcnulty
on 23/07/2021, 07:22:17 UTC
A Lot has changed there. Solo mining is still allowed but I don't think you will be able to hit a block with a solo mining wallet. Try using solo pools they might help
Post
Topic
Board Bitcoin Technical Support
Re: Is blokchain unconfirmed transaction script scam?
by
sheryllmcnulty
on 23/07/2021, 06:59:06 UTC
100% scam, I come across such videos daily and feel sorry for those who fall for their schemes. I would suggest you to stay away from these videos.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is not just a currency, but represents a new human civilization
by
sheryllmcnulty
on 22/07/2021, 05:34:04 UTC
I agree limiting bitcoin as a currency is undervaluing its potential. The blockchain driven technology is the key to new age security and recording systems.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin will never be gone
by
sheryllmcnulty
on 22/07/2021, 04:44:07 UTC
Bitcoin is here to stay I believe. There are so many technological benefits it carries and it is about time that other countries and organisations start accepting it as a currency
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin has intrinsic value like Gold but better?
by
sheryllmcnulty
on 22/07/2021, 04:05:02 UTC
Gold and bitcoin can never be compared; they both have different purposes in the market .
Post
Topic
Board Bitcoin Discussion
Re: How to distribute 21 million Bitcoins for a population of 7.8 billion?
by
sheryllmcnulty
on 21/07/2021, 10:15:25 UTC
Getting a bitcoin is a reward for hours of hard work of solving algorithms with expensive hardware and not many can achieve that feat. Many miners have shut their business because it costs a lot. Moreover the limited supply is what drives its price up.