Trying to share wisdom | Bitcointalksearch.org

ice098

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Quote from: Findingnemo on October 02, 2020, 10:33:48 AM

Quote from: chaser15 on October 01, 2020, 03:53:45 PM

Quote from: ibuddy122505 on October 01, 2020, 12:16:40 PM

Like as yours, I've taken a break for around one years here since the last(2018) cypto crash. Meanwhile, I’ve been learning lot how to trade. Prime part here is trade for yourself but not guided by others.

Don't close the doors to other's suggestions. You don't need to primarily trade thru your self-knowledge most of the time.

Welcome other's input as I think you have the ability know if it's worth following or not. Take their pointers as advice then apply it to your self-knowledge.

OP can consider creating a public room for a purpose of this as I think he's not used to share wisdom via regular posting.

Veterans may not really having enough time to post on bitcointalk, we can see that in most of the sections of our forum has less activities. Bit this thread will be helpful for the upcoming traders even if they have their own way there is nothing wrong in learning the new strategies, methods, condition from different members.

Yes i bet veterans in cryptocurrency doesn't have enough time to post, shared their knowledge and experiences here in bitcointalk but here in forum we still have some of the experienced traders willing to share wisdom and basic knowledge about cryptocurrency. We may have different story, different experiences but dont be confused about who advices would you take. Be open in any information you may get and trust here in forum that members here will never share those information that cannot help newbies.

Peanutswar

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Well, trading gives you a lot of headaches if you do not get a good profit, base on my experience in p2p trading this gives a more advantage because when Im making a trade to the friends of mine all you need to do is send the funds without less too much transaction fee, this is the benefits I really like. Im just a beginner in trading but I know some of the process and how does it work so I share those to the people want to earn with me, of course, I give them an idea what are the possible outcome will happen if they trade.

Quote from: MCDev on October 01, 2020, 12:10:49 PM

According to your recommendation, you are a person with a lot of experience in investing in the cryptocurrency market, can you recommend some tips or tricks for people.
People here are trying to find an investment strategy and are happy to hear about your experience.

Also I'm getting curious what I are the techniques use by OP like what are the technical indicators he uses, Mine is just the MACD, VOL I want to learn more with the use of trading indicators.

lixer

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Quote from: LUCKMCFLY on October 01, 2020, 06:00:34 PM

There is a practice that many do, which is to buy and sell, as they do in localbitcoins.com, they buy low and then sell high, generally this works wonders in countries with inflationary economies, from a point of view of Saving is quite beneficial, because the money in local currency increases as time goes by, sometimes in a day you can earn a lot of money, but you must do the transactions very quickly so that it is not dangerous to lose.

Actually these trades yield a massive amount of income but only if and once you become a recognized trader and know how much fees you have to pay on each trade as taxes to the government and making sure you are doing it legally.

I have seen the variance in buy and sell on localbitcoins is easily around 5-8% on average in buy-sell and once who buys from users earns like 8% on buying trades and then 8% on sell trades, all he needs is a good reputation and a genuine setup but it is not as easy as it sounds though because I myself tried this and people are really smart and try various methods to scam you like fake messages, fake transactions and even carded funds.

justdimin

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I personally believe that if I end up reading others thoughts on these subjects, there is no way that I could make any profit because there are so many people who have different opinions, some people think X whereas others think anti-x which means I need to trust one of them and I wouldn't know which one to trust.

Instead of that I try to learn how they came to that conclusion, if I learn how they think to figure the price out, I could learn how to think like that as well, that could be very helpful for your own predictions. That is definitely something I would love to do, learning everything yourself to figure out what people do to predict the market. Of course this is not single alone method, you could probably listen to just one expert as well without getting confused with others.

Findingnemo

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Quote from: chaser15 on October 01, 2020, 03:53:45 PM

Quote from: ibuddy122505 on October 01, 2020, 12:16:40 PM

Like as yours, I've taken a break for around one years here since the last(2018) cypto crash. Meanwhile, I’ve been learning lot how to trade. Prime part here is trade for yourself but not guided by others.

Don't close the doors to other's suggestions. You don't need to primarily trade thru your self-knowledge most of the time.

Welcome other's input as I think you have the ability know if it's worth following or not. Take their pointers as advice then apply it to your self-knowledge.

OP can consider creating a public room for a purpose of this as I think he's not used to share wisdom via regular posting.

Veterans may not really having enough time to post on bitcointalk, we can see that in most of the sections of our forum has less activities. Bit this thread will be helpful for the upcoming traders even if they have their own way there is nothing wrong in learning the new strategies, methods, condition from different members.

LUCKMCFLY

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There is a practice that many do, which is to buy and sell, as they do in localbitcoins.com, they buy low and then sell high, generally this works wonders in countries with inflationary economies, from a point of view of Saving is quite beneficial, because the money in local currency increases as time goes by, sometimes in a day you can earn a lot of money, but you must do the transactions very quickly so that it is not dangerous to lose.

chaser15

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Quote from: ibuddy122505 on October 01, 2020, 12:16:40 PM

Like as yours, I've taken a break for around one years here since the last(2018) cypto crash. Meanwhile, I’ve been learning lot how to trade. Prime part here is trade for yourself but not guided by others.

Don't close the doors to other's suggestions. You don't need to primarily trade thru your self-knowledge most of the time.

Welcome other's input as I think you have the ability know if it's worth following or not. Take their pointers as advice then apply it to your self-knowledge.

OP can consider creating a public room for a purpose of this as I think he's not used to share wisdom via regular posting.

ChrisPop

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Not your Keys, Not your Bitcoins

Nice to see an ex-trader trying to bring value to the community. You own a crypto consultancy company? - Peerly Safe?

You said you're a former bitcoin 'peer-to-peer' trader. I suppose that means you have been mainly trading OTC. How have you fund buyers/sellers? (through platforms like localbitcoins or your network)

abel1337

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Quote from: jostorres on September 26, 2020, 11:58:42 AM

I mostly make use of peer-to-peer for trading cryptocurrency, funny thing is that I have never used a centralized exchange to trade cryptocurrency, not to talk of giving out my information to any of them, it has only been the decentralized exchanges and even most of the people I trade with are people that I know face to face and some over-the-counter business of trading cryptocurrency, and I prefer this method because it makes things more easy for me.

I don’t have to give any information about myself, all I need is just their wallet address and all they need is my bank account number and that’s it. Very simple, I send the crypto and they send the payment; the same thing when I want to buy cryptocurrency.

If I am on your spot, I will think about my safety on peer-to-peer trading of course depending on the amount of deal. I know you are trading with the people you know but sometimes betrayal happens and your life might be in danger because they know you hold such an asset. As I said it will differ on the amount you are dealing with. But it is a good thing that your community does have active bitcoin users and it seems that there are many of them.

o_e_l_e_o

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Quote from: Ucy on October 01, 2020, 11:13:34 AM

Besides, bits of verifiers info will be automatically linked/recorded immutably on the decentralized ID profiles of people they verify for record keeping, just incase rules were broken or for something else

I would still feel very uncomfortable with that set up.

So my documents still have to be uploaded somewhere, and stored on an immutable ledger, meaning that once they are uploaded they can never be deleted. There must also be a mechanism for revealing my details to the other party if they feel I have wronged them in some way. Who oversees this process? There must still be a trusted third party here, or else everyone could just put in a scam report and have my details revealed to them. What if the third party gets it wrong? What if it turns out there is a bug in the encryption or storage process, which means someone manages to breach the entire database?

I'm much happier trading with no KYC at all.

ibuddy122505

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Like as yours, I've taken a break for around one years here since the last(2018) cypto crash. Meanwhile, I’ve been learning lot how to trade. Prime part here is trade for yourself but not guided by others. I've observed the vast majority of people dive into blindly and lose thousands. Money they should have used to learn and get learning materials. Finally, Choose the best platform and increase your Bitcoins!!

MCDev

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According to your recommendation, you are a person with a lot of experience in investing in the cryptocurrency market, can you recommend some tips or tricks for people.
People here are trying to find an investment strategy and are happy to hear about your experience.

Ucy

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Quote from: o_e_l_e_o on September 29, 2020, 10:54:15 AM

Quote from: Ucy on September 29, 2020, 10:25:14 AM

I will probably accept decentralized third-party verifier/verifiers to verify my private info and my identity physically, as long as they are not storing the information in their equipments.

Two problems with this.

First of all, there is no way to know your information is not being stored. If you are sending your details and data to a third party, you have to completely take them on their word that they will delete it after they are done. You need to trust them completely. There is also the possibility of your information being intercepted in transit or accessed by someone other than the intended recipient.

Second of all, I'm not sure what this achieves. KYC on centralized platforms is so they can comply with government regulations, and on decentralized platforms such as this it is seen as a security measure to help prevent scamming. If I verify my identity, and then all record of the verification is wiped, then what has really changed? A CEX can't prove to the government I am who I say I am because all my information has been deleted, and a trader on a DEX can't hand my details to the police if I scam because all my information has been deleted.

Just a one-time ID verification alternative without sending your scanned ID to people on the internet.

The third-party verifiers will meet the ID owners for verification at secure locations and they will simply compare their physical documents with what the owners posted on a decentralized (self-custody) platform.
Unless the verifiers have hidden cameras or robotic eyes (which would be against the rules), I'm not sure how they can have copy of the ID.
Besides, bits of verifiers info will be automatically linked/recorded immutably on the decentralized ID profiles of people they verify for record keeping, just incase rules were broken or for something else

pokeronlinestatus

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My experience with trading Bitcoin peer-to-peer has been good so far. I have only lost my money once and that’s years back when I was still new to everything and I’m happy I didn’t lose much money, just $15. I was still inexperienced back then and tried to do peer-to-peer using the wrong platform and someone who claimed he was legit ended up being a scammer.

But, that’s part of the experience, and it made me wise up and to stop trusting people easily. After that I started being very careful and since then I have not experienced any such thing.

target

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You start fresh again, I think that is the best that you can do. Completely forget the old accounts and acquire an untraceable wallet. Maybe just P2P to someone you personally meet at a meetup conference I guess and then start using the DEX. Though there isn't much trading volume there, the tools around still work for anyone that can trade. The future isn't good for someone who does have millions in BTC while being known.

el kaka22

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Best move anyone can make about this would probably be to have some sort of fall back money aside, that is really important because I see too many people get all in, they not only put all their money involved but I have seen people who saw others do 10x and they literally sell their cars or take out a loan or even as small as spend on their credit card max to get involved.

It is vitally important to not go in with all your money let alone with money you do not have, if you have 1000 aside do not get in with 1000, do not get in with more, just get in with 500 if you can and keep the other 500 aside for what you can do as next move. This is not a straight line so there will be times when it goes up and down and if it goes up you will profit and if it goes down you still have one more move.

AakZaki

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Quote from: Kasabus on September 29, 2020, 02:49:44 PM

Yes. It's nice to hear good people sharing their experiences in trading and giving out their brilliant advices particularly for those newbies in trading. Peer to peer trading is not that easy as it is and it gives me a hard time making profits with it in my first years in trading but i learned to trade on my own which has satisfied me more and hassle free compared to peer to peer trading.

In the beginning, P2P trading was not going to be easy because it required patience and you had to always update the prices offered. trust as a P2P trader must also be considered and that is very important, providing the best service for customers so that they are satisfied and can work together again. As well as being the official P2P trader chosen by Binance I also trade Futures and Spot as my spare time and always hone my technical analytical skills.

Always learn and never give up to get a satisfying result.

glowing10

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I find this forum a very good medium as well to trade. For those who has being part of this forum for couple of years would know some of the trustworthy members and would have made friends as well across forum or in their local section. So, it becomes easy to trade as trust is build or can use escrow service here and the trade is done rather than using exchanges which requires your KYC or so.

Kasabus

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Quote from: Harlot on September 28, 2020, 11:28:38 AM

For a man who have transacted millions of dollars in all forms of payments I think you should be tge one sharing some tips and tricks to the members here since not all have reached your level and everybody here would want to hear what you have some in order to be successful just like you. But if you have any particular questions in mind I'm glad to add in some points if I have a little bit of knowledge regarding what you are asking.

Yes. It's nice to hear good people sharing their experiences in trading and giving out their brilliant advices particularly for those newbies in trading. Peer to peer trading is not that easy as it is and it gives me a hard time making profits with it in my first years in trading but i learned to trade on my own which has satisfied me more and hassle free compared to peer to peer trading.

akram143

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Quote from: o_e_l_e_o on September 27, 2020, 06:20:36 AM

Quote from: akram143 on September 26, 2020, 05:22:46 PM

Recently I tried to trade on Localcryptos where there is no verification needed for registering but found almost every trader asks for one time verification to prove their identity and not using any third party accounts for sending or receiving money even for safe methods like banking payment modes as well.That is why I decided not to trade until I have no other choices.

It is very variable depending on which country you are in, and other trades are obviously going to me more weary if you have a relatively new account or are trying to pay with easily reversed methods such as PayPal. If you are finding the majority of trades are asking for identity verification which you rightly do not wish to provide, then simply open your own offer without such a requirement and wait for someone to take it.

Alternatively, I prefer to use Bisq which has no such issues, as well as being more decentralized than LocalCryptos.

But in my country Bisq nearly have zero trading volume so that is also not a good option right now, especially for the Indians.For now I am okay with localbitcoin even though they need some personal details for their verification but at least I can trade there without letting my identity to random individual on LBC.

Topic: Trying to share wisdom (Read 483 times)