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Showing 20 of 35 results by ventelo
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Topic
Board Bitcoin Discussion
Re: What is going on in the markets
by
ventelo
on 25/09/2019, 16:25:04 UTC
Technical analysis may only work to a certain extent. In the cryptocurrency markets, there are simply just so much things that could affect the prices regardless if negative or positive. Heck, even a Tweet can move prices. TA can't see that.

Based on what you said though: "According to technical analysis, the price of BTC will sure drop around $7000 soon.", you probably don't understand technical analysis. Technical analysis only helps you with the odds and with risk:reward ratios. Technical analysis doesn't help you predict.
From 2 month TA show the price may drop to $8300, but i am not sure i am not sure about this at this time, but now i am sure it will drop to $7000.
Post
Topic
Board Bitcoin Discussion
Re: What is going on in the markets
by
ventelo
on 25/09/2019, 16:20:02 UTC
Technical analysis may only work to a certain extent. In the cryptocurrency markets, there are simply just so much things that could affect the prices regardless if negative or positive. Heck, even a Tweet can move prices. TA can't see that.

Based on what you said though: "According to technical analysis, the price of BTC will sure drop around $7000 soon.", you probably don't understand technical analysis. Technical analysis only helps you with the odds and with risk:reward ratios. Technical analysis doesn't help you predict.
Yes, TA doesn't help to predict, but give you good picture.
Post
Topic
Board Bitcoin Discussion
Re: What is going on in the markets
by
ventelo
on 25/09/2019, 16:15:11 UTC
TA may not predict the next move but can show you where the price can run or return, for example support and resistance can give us good picture about the market.
Post
Topic
Board Bitcoin Discussion
Re: I can explain this crash...
by
ventelo
on 25/09/2019, 12:28:08 UTC
That is the same sentence i read it last year

A big amount of bitcoins sold

same as i read when the btc start drop last year, i think this true.
Post
Topic
Board Bitcoin Discussion
Topic OP
What is going on in the markets
by
ventelo
on 25/09/2019, 12:24:36 UTC


I noticed that after the BTC went up in the early of 2018 dropped to $3000 at the end of the year i am afraid that may happen this year and price drop to around $3000
According to technical analysis, the price of BTC will sure drop around $7000 soon.
I understand technical analysis may not work well in this market.
Do you agree with this?


Post
Topic
Board Altcoin Discussion
Re: Bonuses are only to deceive people
by
ventelo
on 08/09/2019, 00:10:37 UTC
I just checked an ANN thread. There was a post regarding the last round of the IEO. They were offering 25% discount to IEO participants. I wanted to post on that thread. But instead of posting on that thread, I decided to create a new topic as there are many same IEOs.
Offering bonus on the last round of an ICO/IEO is really funny.
The bonus is valuable only if there are some other participants that sell the tokens at higher prices. I cannot understand bonus on the last round of an IEO. Even if they give 1000% bonus to investors, it doesn't differ. The bonus on the last round must be zero. These kind of IEOs try to deceive participants. It might be true even if we call them scammers.
If a token price is 100 satoshis and they give all participants 25% discount. Investors shouldn't be happy that they have bought the tokens at 75 satoshis. Because the price is 75 satoshis not 100 satoshis.
We can say the price is 100 satoshis if there will be a next round and some people buy the tokens at 100 satoshis.



This is true the لاonuses should be decreasing and the last phase should be less but, i think the reason for this is the  sales of tokens failed, and this will lead to a significant price drop after listing.
Post
Topic
Board Altcoin Discussion
Re: Will Altcoins ever come back again
by
ventelo
on 08/09/2019, 00:02:15 UTC
Looking at the market dominance, bitcoin covers almost 70.5% of the market trade as of time of writing. there is the need for altcoin recovery or it might spell doom for investors. i.e, people invest today on a new project and sell off tomorrow.
According to a wall street executive, Max keiser, he strongly believed that altcoins has reached there dead end and advised that everyone should focus on bitcoin. considering the fact that bitcoin is limited. there is the need for altcoins as the name implies, Alternative coins.

What is your say on this.
Bitcoin is a good choice but not the only one, there are a lot of successful projects, the problem  in
 there are many scam projects, but this is the case of Crypto Market.
Post
Topic
Board Altcoin Discussion
Re: Beware of this Exchange jetxcoins.com
by
ventelo
on 07/09/2019, 23:54:25 UTC
I'm New here but I've been into crypto since 2016. I faced this today but I was not scammed. But I think I should share it here because I know many might also get to face this later because of what it relates to.
There is a Fake Exchange now which is http://jetxcoins.com. This exchange is being used by scammers to make you deposits 0.02 btc and after then you won't be able to withdraw any.
I notice that this exchange is new and scam after someone contacted me on Telegram and asking me for help. To help him withdraw, showing me several screenshot as proof of him not being able to withdraw from the exchange. I was willing to help at the beginning but I later use my senses and put my heart at one side. Then, i realised its scam.  Wink

How will you be tricked to deposit 0.02 btc?
This is how it will happen
Someone will contact you saying he is having problem withdrawing from the exchange because his country was restricted.
So he will ask for your help to make new account with the exchange so that he can send the btc to you.
And Yes. You will receive some btc after signing up and giving him your email
He will ask you to withdraw to your btc wallet but you won't be able to withdraw because you need to deposit 0.02 btc to be able to trade or withdraw.
If you deposit a dime, Count them as gone or say bye bye to them.
This site is http://jetxcoins.com



I wonder why you go to  this exchange, it's not listing in coinmarketcap, or coingecko, it is very risky to deal with exchange, you need to check if the exchange is listing in  coinmarketcap, or coingecko.

Post
Topic
Board Altcoin Discussion
Re: Is whitepaper important in the project?
by
ventelo
on 07/09/2019, 23:45:13 UTC
The whitepaper is often regarded as the face of the project. That’s where you, at least theoretically, find out what the project is all about, what they want to do, how they want to do it, and, most importantly, when. A decent whitepaper takes serious effort: thorough market research, design work, calculations, conceptual development, and lots of other things are integral parts of a good paper. As a result, writing a good whitepaper usually requires a lot of time (and sometimes money), which scammers cannot afford. 

but you need to remember,Good projects are quite thorough about their whitepapers in a good way. If you have too many questions after reading a whitepaper, it definitely means that it was a bad one, and the project did not make an effort to be clear enough. It doesn’t matter if it was intentional or just a result of little attention paid to making the whitepaper, it’s still a bad sign.

the point is this, if you see that a project’s whitepaper is sloppy, too generalized, or lacks any realistic roadmap, that should make you cautious. At very best, the project might not be a scam but they’re still not taking their work seriously enough. Nevertheless, usually, scammers either hire foreign students who don’t speak good enough English to write their whitepapers, which results in a cornucopia of hilariously silly errors or they just plagiarize someone else’s work, which is even cheaper (but certainly more obvious).   
correction if I'm wrong
Yes, may the team not professional to write whitepaper, but there are a lot of way to make whitepaper look profitional, they can use outsource, freelancer help to write whitepaper in professional way.
Post
Topic
Board Altcoin Discussion
Re: Bounties sometimes are unpredictable
by
ventelo
on 07/09/2019, 23:36:36 UTC
The most painful experience when promoting a bounty project is thinking you made a right choice by removing the signature of the project you are promoting presently for another project that you think its better and later on? Grin

The first project you are promoting get listed and doubled in value ,how will you feel? Damn! The fact is bounties are unpredictable sometimes ,no one can predict the end results

I think bounty all the time unpredictable, no one can know how much can gain.
And i can say if this happen, then it is bad luck

Post
Topic
Board Altcoin Discussion
Re: ARE ICOS STILL LEGIT?
by
ventelo
on 07/09/2019, 23:28:20 UTC
I think project do ICO this days for 2 reasons, one is that this ICO do not have budget to go with IEO, as i know IEO required a lot of money.
Or this ICOs is scam.
That is what i think.
Post
Topic
Board Altcoin Discussion
Re: Don't be too quick to judge ICOs
by
ventelo
on 07/09/2019, 23:21:47 UTC
I personally do not believe this statistics that 99% of ICOs are scam, because some ICOs fail do not mean they are all scam. I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption. So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.
Yes not all ICOs scam this true, but most of ICOs scam this also true, it is very difficult to know if it is scam or no, no one can grantee this ICO not scam, so for less risk go to IEO.
Post
Topic
Board Development & Technical Discussion
Re: Understand source code of bitcoin
by
ventelo
on 30/01/2018, 16:47:21 UTC
As i am new of this market and i have some knowledge of programing, i wish if i can understand :
The source code of bitcoin, where i can start, if there video or explain the code is better.
I have a lot of question, like what is the different between coins working in blockchain.



Bitcoin was originally written in C++, looks like satoshi was programing under a windows environment and not linux which was surprising to find out to me.

So for starters, you would need a very high level of C++ to even pretend to start looking at the code.

Once you have adquired an high level of C++, you will need an high level of cryptography to understand the context of what everything is doing and why.

Once you are good in both C++ and cryptography you will be able to look at the code yourself. No amount of youtube videos briefly explaining the code will help if you aren't versed in the programing language used for Bitcoin and cryptography.
Thanks for this information, from where i can understand cryptography ?


You don't need to learn that much about using cryptography, just hashes and digital signaures using the secp256k1 curve.

The wallet is encrypted but that's just a minor detail really as it doesn't have to be.

So you need to learn about the following :

sha256 hashes
ripemd160 hashes
How to create a keypair on the secp256k1 curve
Sign something (I suggest an sha256 hash of something) with an secp256k1 private key and then verify the signature with the public key

Once you know the above that covers pretty much all of the cryptographic primitives used and you can then start looking into how these functions are used inside Bitcoin.

I would suggest downloading a library like libsecp256k1 and writing some test programs do do the above.


Thanks, where i can find information about private key?
Post
Topic
Board Exchanges
Re: what is the best exchange trading i can trade with
by
ventelo
on 30/01/2018, 16:31:14 UTC
Thanks a lot but
Localbitcoins do not look like trading.
If you want to trade, and you have bitcoin or you want to buy bitcoin and start trading, here's what you should do. Buy bitcoins from localbitcoins.com and transfer it to one of your wallets*.  Then go shapeshift.io and select a combination from here https://shapeshift.io/#/coins, like btc-eth, send your bitcoin to their given address, also mention your eth address in which you want the eth to be credited and a refund address if something goes wrong, the refund address should be that of bitcoin since you're sending bitcoin first. Why shapeshift because you don't need to have an account to start trading, much convenient too.
*Wallets you can use that is recommended: -
Hardware wallets: -
https://www.ledgerwallet.com/products
https://shop.trezor.io/
Electrum :-
https://electrum.org/#download
thanks for this information but is there any wallet have all coins?
Post
Topic
Board Exchanges
Re: what is the best exchange trading i can trade with
by
ventelo
on 30/01/2018, 16:13:40 UTC
He was being sarcastic in other words he was joking. Use C-Cex at your own risk, read more about them in scam accusations, just use the search bar and type any exchange's name, you'd find what all scammy shit they have done.
https://bitcointalk.org/index.php?topic=418700.2920 traders there are complaining.

Old scam accusation C-CEX.COM SCAM


I'm a big fan of localbitcoins as well.
[....]
I'd recommend it to you without a doubt.

+1 to Localbitcoins


Thanks a lot but
Localbitcoins do not look like trading.
You are looking for a fiat --> bitcoin trade right? Localbitcoins is the right place for you if you want to have lower fees.

To know more about their fees --> https://localbitcoins.com/fees

But there is also another section here in forum where you can do that trade at Currency exchange, this is just an alternative if the fees on the chosen exchange is still high for you.

Having a P2P deal there needs a reliable escrow.
Thanks for the information
Post
Topic
Board Development & Technical Discussion
Re: Understand source code of bitcoin
by
ventelo
on 29/01/2018, 22:09:41 UTC
Bitcoin is blockchain protocol (C++ and python implementations). "You must have a background about C++".
I learned from:https://bitcoin.stackexchange.com

python implementations ----> https://bitcointalk.org/index.php?topic=94645.0.
Mastering Bitcoin [Reading]------> http://chimera.labs.oreilly.com/books/1234000001802/index.html
Youtube ------> https://www.youtube.com/watch?v=fOMVZXLjKYo
Online ------> https://bitcoin.stackexchange.com
you can ask here or reddit.com





Hugeblack
Very thanks, links is very useful.
Post
Topic
Board Development & Technical Discussion
Re: Understand source code of bitcoin
by
ventelo
on 29/01/2018, 21:57:28 UTC
As i am new of this market and i have some knowledge of programing, i wish if i can understand :
The source code of bitcoin, where i can start, if there video or explain the code is better.
I have a lot of question, like what is the different between coins working in blockchain.



Bitcoin was originally written in C++, looks like satoshi was programing under a windows environment and not linux which was surprising to find out to me.

So for starters, you would need a very high level of C++ to even pretend to start looking at the code.

Once you have adquired an high level of C++, you will need an high level of cryptography to understand the context of what everything is doing and why.

Once you are good in both C++ and cryptography you will be able to look at the code yourself. No amount of youtube videos briefly explaining the code will help if you aren't versed in the programing language used for Bitcoin and cryptography.
Thanks for this information, from where i can understand cryptography ?
Post
Topic
Board Altcoin Discussion
important Question about one address can hold multy coins
by
ventelo
on 29/01/2018, 21:48:22 UTC
When i checked address 1Po1oWkD2LmodfkBYiAktwh76vkF93LKnh
in http://omnichest.info
i found address show different amount, is this mean this address can receive multi coins.
example can i send bcc ot usdt to this address?
Post
Topic
Board Development & Technical Discussion
Understand source code of bitcoin
by
ventelo
on 29/01/2018, 13:21:40 UTC
As i am new of this market and i have some knowledge of programing, i wish if i can understand :
The source code of bitcoin, where i can start, if there video or explain the code is better.
I have a lot of question, like what is the different between coins working in blockchain.

Post
Topic
Board Exchanges
Re: what is the best exchange trading i can trade with
by
ventelo
on 29/01/2018, 13:07:54 UTC
He was being sarcastic in other words he was joking. Use C-Cex at your own risk, read more about them in scam accusations, just use the search bar and type any exchange's name, you'd find what all scammy shit they have done.
https://bitcointalk.org/index.php?topic=418700.2920 traders there are complaining.

Old scam accusation C-CEX.COM SCAM


I'm a big fan of localbitcoins as well.
[....]
I'd recommend it to you without a doubt.

+1 to Localbitcoins


Thanks a lot but
Localbitcoins do not look like trading.