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Cryptocurrency trading strategies and updates

Kilt Protocol has won the 7th slot on Kusama, Alhamdullilah. Kilt will be using one token for both Polkadot and Kusama, one of the Polkadot Co-Founder founded Kilt. A lot of Polkadot team members joined Kilt, Shawn Tabrizi a reknown coder is an advisor to the project. It will probably hit Kraken and Kucoin exchnage in October. It has a partnership with Moonbeam and together they will launch Polimec. Polimec is where you can raise funds as a project, approved by Web3 foundation, which is a total game changer.



https://t.co/TYm1hwBNIz?amp=1
 
Kilt Protocol has won the 7th slot on Kusama, Alhamdullilah. Kilt will be using one token for both Polkadot and Kusama, one of the Polkadot Co-Founder founded Kilt. A lot of Polkadot team members joined Kilt, Shawn Tabrizi a reknown coder is an advisor to the project. It will probably hit Kraken and Kucoin exchnage in October. It has a partnership with Moonbeam and together they will launch Polimec. Polimec is where you can raise funds as a project, approved by Web3 foundation, which is a total game changer.



https://t.co/TYm1hwBNIz?amp=1

I bought 0.5 ETH under £2500, waiting for it to drop hopefully below £2300 any time soon ? then am by a whole one :afridi
 
I bought 0.5 ETH under £2500, waiting for it to drop hopefully below £2300 any time soon ? then am by a whole one :afridi

Smart buy brother :amla

Set up buy orders brother at 2500 - 3200 who knows a scam wick down and it may get filled 👀

I think 11th - 12th September, there may be another dip, Ada smart contract isn't functioning well a fud is going on which may further tank cardano price and may as well affect the whole market
 
Smart buy brother :amla

Set up buy orders brother at 2500 - 3200 who knows a scam wick down and it may get filled 👀

I think 11th - 12th September, there may be another dip, Ada smart contract isn't functioning well a fud is going on which may further tank cardano price and may as well affect the whole market

Do dua brother I’d love to buy back in between $2500-3200, previously my avg was lower but I did make some moolah when I cashed out :yk I will keep an eye on another dip, some have said maybe there will be another big one before Xmas?

My bought Cardano fairly low so might look at buying more iA if able
 
Unfortunately US investors can't partake in presales which is a shame. Let me try to find some other gems for US brothers :amla

If anyone can't get into presales, marketbuy Moonbeam (GLMR) upon launch, look at Moonriver (MOVR) - GLMR will do the same if not bigger. GLMR will be out late this year or early 2022

Will look out for MoonBeam if they show up on Coinbase, when is their launch?

Thoughts on Moonriver at current market price :yk3
 
Will look out for MoonBeam if they show up on Coinbase, when is their launch?

Thoughts on Moonriver at current market price :yk3

Brother don't look at market price but look at market cap, let's say if you want to get a 2x on Ada and put in $2000, Cardano will need to double its marketcap to 140 billion USD. If we look at Moonriver it has a marketcap of 300 million and 600 million you double your investment. Moonriver will be a billion dollar mcap, atleast I see another 10x in the next 6 months. Sushi integration is coming and 60 + projects will be integrating Moonriver.

Another advice brother, we try to pick coins before it hits coinbase and binance, coinbase and binance is where normies pick up after the coin already got 20x to 50x. We need to be ahead of the herd, that's how we win.

Please sign up brother in exchanges like kraken, kucoin, okex and have a hang out of the decentralized exchnages like uniswap (fees are high now so we need to switch to Arbitrum layer 2 for lower fees), karura, pancake swap, Sushi Swap etc.
 
Will look out for MoonBeam if they show up on Coinbase, when is their launch?

Thoughts on Moonriver at current market price :yk3

Moonbeam's token (GLMR) had a presale at 0.25 and it is backed by Alameda research and Coinbase ventures. Another way to obtain the token is by participating through polkadot parachain auctions.

How does the auction works? We need Polkadot and we contribute Dot for a 2 year lease and in exchange we can receive GLMR tokens, after 2 year lease we get our Dot back. I previously participated in Kusama parachain auctions for Moonriver, for 1 KSM I received 14.5 MOVR. Parachain auctions is where money to be made :butt
 
All brothers, start pumping your hard earned dollars into crypto.
We have a dip going on right now but invest wisely. Stay glued to your screen (watch some cricket on the side) and keep your pockets lined up to start firing.
(Not a financial advice)

Evergrande contagion threat hits global markets

China and Hong Kong property stocks tumble as payment deadline looms for debt-laden developer

A peeling logo of Evergrande Oasis, an unfinished housing complex in Luoyang, China. Evergrande’s liquidity crisis has stoked fears of damage to other property developers and financial institutions © Carlos Garcia Rawlins/Reuters

Hong Kong’s stock market slumped on Monday in a decline that spread to European bourses as an escalating liquidity crisis at Chinese property developer Evergrande showed signs of spreading beyond the sector.

Chinese and Hong Kong property groups were at the centre of the market slide, falling to the lowest levels in half a decade amid rising angst over the fate of Evergrande, the world’s most indebted property developer.

The group faces obligations of more than $300bn to creditors and other businesses, and a crucial interest payment deadline on its offshore bonds looms on Thursday.

Evergrande’s Hong Kong-listed shares closed 10 per cent lower on Monday to their weakest level since May 2010. The drop underscored concerns about the broader health of China’s real estate sector and triggered a wider sell-off, sending the Hang Seng Property index, which tracks a dozen listed developers, down almost 7 per cent, to its lowest point since 2016.

At 24,099 points, Hong Kong’s broader Hang Seng index has closed at its lowest level since October 2020. European markets also dropped, with the region-wide Stoxx 600 down 2.2 per cent and markets in Germany and France shedding 2.6 per cent. London’s FTSE 100 lost 1.7 per cent.

S&P 500 futures slipped 1.6 per cent, signalling that the selling could spread to Wall Street when equities trading reopened in New York. The Vix, Wall Street’s so-called fear gauge, which measures expected volatility on the S&P, hit 25.9, around its highest reading since May 12.

The yield on the 10-year US Treasury note, which moves inversely to its price, dropped by an unusually wide 0.06 percentage points to 1.309 per cent, driven by haven buying. Germany’s equivalent Bund yield fell 0.05 percentage points to minus 0.329 per cent.

“It's too early to talk about contagion [from Evergrande] but it’s just another datapoint on what we’ve already seen in China that is souring risk sentiment,” said Anthony Collard, head of investments for the UK and Ireland at JPMorgan’s private bank.

Evergrande, whose share price has tumbled since it warned of the risk of default last month, said senior executives would suffer “severe punishment” after securing early redemptions on investment products it later told retail investors that it could not repay on time.

Trading in Hong Kong indicated that the deepening fears for the property sector were dragging on other developers and financial institutions.

“Evergrande is just the tip of the iceberg,” said Louis Tse, managing director at Wealthy Securities, a Hong Kong-based brokerage. Chinese developers were under substantial repayment pressure on dollar-denominated bonds, he added, while markets had become nervous that Beijing would push listed real estate groups to cut the costs of housing in mainland China and Hong Kong.

“That affects the banks as well — if you have lower property prices what happens to their mortgages?” Tse said. “It has a chain effect.”

Shares in Ping An, China’s biggest insurer, fell as much as 8.4 per cent on Monday, after closing down 5 per cent on Friday as it was forced to disclose that it held no exposure to Evergrande debt or equity. Ping An has Rmb63.1bn ($9.8bn) of exposure to the country’s real estate stocks across its Rmb3.8tn of insurance funds.

Metal prices also fell on Monday as concerns grew about the impact on commodity demand of a pullback in the Chinese property market. The property sector accounts for about 20 per cent of the country’s copper consumption and 10 per cent of its nickel demand, according to analysts at Liberum. Copper prices fell 3 per cent to $9,074 a tonne, while nickel dropped 2 per cent in morning trading on the London Metal Exchange.

“There are fears . . . that the crisis could spill over to other companies in the sector and might directly affect the building and completion of houses,” analysts at Commerzbank said. “The construction sector is one of the biggest consumers of base metals such as copper and aluminium, as well as of steel.”

On Monday, iron ore fell below $100 a tonne for the first time in more than a year. The steel-making commodity that is a source of profit for major miners has plunged 23 per cent over the past week.

In turn, mining stocks were among the biggest fallers on the FTSE 100 in London. Shares in Anglo American dropped 7 per cent.

Shares in some China-focused UK banks also declined on Monday. Standard Chartered dropped 6 per cent and HSBC slipped almost 3 per cent.

Exchanges in mainland China were closed for a public holiday.

https://www.ft.com/content/952923b7-f421-407e-b14a-ad2ff190a134
 
China declares all crypto-currency transactions illegal

A real-world coin designed with the Bitcoin logo lies scattered on a table amid some miniature Chinese flags

China's central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin.

"Virtual currency-related business activities are illegal financial activities," the People's Bank of China said, warning it "seriously endangers the safety of people's assets".

China is one of the world's largest crypto-currency markets.

Fluctuations there often impact the global price of crypto-currencies.

The price of Bitcoin fell by more than $2,000 (£1,460) in the wake of the Chinese announcement.

It is the latest in China's national crackdown on what it sees as a volatile, speculative investment at best - and a way to launder money at worst.

Trading crypto-currency has officially been banned in China since 2019, but has continued online through foreign exchanges.

However, there has been a significant crackdown this year.

In May, Chinese state intuitions warned buyers they would have no protection for continuing to trade Bitcoin and other currencies online, as government officials vowed to increase pressure on the industry.

In June, it told banks and payment platforms to stop facilitating transactions and issued bans on "mining" the currencies - the trade of using powerful computers to make new coins.

But Friday's announcement is the clearest indication yet that China wants to shut down crypto-currency trading in all its forms.

The statement makes clear that those who are involved in "illegal financial activities" are committing a crime and will be prosecuted.

And foreign websites providing such services to Chinese citizens online is also an illegal activity, it said.

Mining migration
The technology at the core of many crypto-currencies, including Bitcoin, relies on many distributed computers verifying and checking transactions on a giant shared ledger known as the blockchain.

As a reward, new "coins" are randomly awarded to those who take part in this work - known as crypto "mining".

China, with its relatively low electricity costs and cheaper computer hardware, has long been one of the world's main centres for mining.

The activity is so popular there that gamers have sometimes blamed the industry for a global shortage of powerful graphics cards, which miners use for processing crypto-currencies.

The Chinese crackdown has already hit the mining industry.

In September 2019, China accounted for 75% of the world's Bitcoin energy use. By April 2021, that had fallen to 46%.

https://www.bbc.com/news/technology-58678907
 
My son saw me fiddling around with charts, walked away laughing and then sent me this.

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The Centre is likely to bring a Bill in the winter session of Parliament to bar all cryptocurrencies in India, barring a few exceptions, and create a framework to regulate digital currency issued by the Reserve Bank of India (RBI). In response, all major digital currencies saw a fall of around 15 per cent and more, with Bitcoin down by around 18.53 per cent, Ethereum fell by 15.58 per cent, and Tether down by 18.29 per cent.

https://www.ndtv.com/business/gover...sh-10-points-2622418#pfrom=home-ndtv_bigstory
 
Bitcoin shed a fifth of its value on Saturday as a combination of profit-taking and macro-economic concerns triggered nearly a billion dollars worth of selling across cryptocurrencies.

Bitcoin was 12% down at 0920 GMT at $47,495. It fell as low as $41,967.5 during the session, taking total losses for the day to 22%.

The broad selloff in cryptocurrencies also saw ether , the coin linked to the ethereum blockchain network, plunge more than 10%.

Based on cryptocurrency data platform Coingecko, the market capitalisation of the 11,392 coins it tracks dropped nearly 15% to $2.34 trillion. That value had briefly crossed $3 trillion last month, when bitcoin hit a record $69,000.

The plunge follows a volatile week for financial markets. Global equities and benchmark US bond yields tumbled on Friday after data showed US job growth slowed in November and the Omicron variant of the coronavirus kept investors on edge.

Bitcoin heads for worst week in months as Mt Gox payouts loom

Justin d'Anethan, Hong Kong-based head of exchange sales at cryptocurrency exchange EQONEX, said he had been watching the increase in leverage ratios across the cryptocurrency markets as well how large holders had been moving their coins from wallets to exchanges. The latter is usually a sign of intent to sell.

"Whales in the crypto space seem to have transferred coins to trading venue, taken advantage of a bullish bias and leverage from retail traders, to then push prices down," he said.

The selloff also comes ahead of testimony by executives from eight major cryptocurrency firms, including Coinbase Global CFO Alesia Haas and FTX Trading CEO Sam Bankman-Fried, before the US House Financial Services Committee on Dec. 8.

The hearing marks the first time major players in the crypto markets will testify before US lawmakers, as policymakers grapple with the implications of cryptocurrencies and how to best regulate them.

Last week, the US Securities and Exchange Commission (SEC) rejected a second spot-bitcoin exchange-traded fund proposal from WisdomTree.

Data from another platform Coinglass showed nearly $1 billion worth of cryptocurrencies had been liquidated over the past 24 hours, with the bulk being on digital exchange Bitfinex.

What Pakistan can learn as Dubai races to become cryptocurrency ‘hub’

"If anything, this is the opportunity to buy the dip for many investors who might have previously felt like they missed the boat. We can see tether bought at a premium, suggesting people are getting cash ready, within the crypto space, to do just that," D'Anethan said, referring to the biggest stablecoin in the cryptocurrency world.

A plunge in bitcoin funding rates -- the cost of holding bitcoin via perpetual futures which peaked at 0.06% in October -- also showed traders had turned bearish.

The funding rate on cryptocurrency trading platform BitMEX fell to a negative 0.18% from levels of 0.01% for most of November.

https://www.brecorder.com/news/40137776/bitcoin-falls-by-a-fifth-cryptos-see-1bn-worth-liquidated
 
"Web3": The New Buzz Word And Why It's So Big

'Web3': The New Buzz Word And Why It's So Big

The idea of Web3 is to create software and platforms that arent dependent on traditional companies.

New Delhi: If you follow the world of cryptocurrency even casually, you know it produces a constant supply of jargon. There's NFT, dapp, DeFi, and tokenomics, to name a few. Brace yourself for a new one: Web3. The idea is that crypto isn't just for sending money or speculating with, but could be used to build a whole new web. If the believers are right, this is one bit of cryptospeak worth getting familiar with, even if you never touch Bitcoin.

Of course, the software behind the internet is changing all the time. What makes Web3 different—and more than a little weird—is that it would build financial assets, in the form of tokens, into the inner workings of almost anything you do online. And by doing so, its boosters say it could supplant corporations with decentralized, internet-based organizations governed by software protocols and the votes of token holders. “It's the first real consumer penetration” for crypto, says Jeff Dorman, chief investment officer of crypto fund Arca. “Over time, every company became an internet company. I think it will happen here in digital assets.”

Skeptics—and there are many—say this stuff is a long way from proving its use beyond niche applications, many of them tools aimed at crypto traders. It may also be an attempt to get around regulation, at a time when policymakers are gearing up to set clearer rules for crypto. In sum, Web3 is a heady mix of creative new projects, techno-utopianism, and financial engineering. Here's a beginner's guide to what you need to know.

Why is it called Web3? What were webs 1 and 2 again?

The term Web 1.0 generally describes everything from the earliest interconnection of computer networks in the 1970s and '80s to the first flowering of browsers and websites in the '90s. In the next phase, Web 2.0, companies built applications on top of that, from social media to search engines to wikis, much of it based on content generated by users. Although that made much of the web in one sense decentralized, most things still run through big companies. The idea of Web3 is to create software and platforms that aren't dependent on traditional companies and Web 2.0 business models such as advertising. For example, users might pay for services directly using tokens. In an ideal world, Web3 services are supposed to be operated, owned by, and improved upon by communities of users. (As to why it's Web3 and not Web 3.0, chalk it up mostly to changes in how developers talk online.)

What's this have to do with crypto?

Bitcoin, the original cryptocurrency, works by having a public database called a blockchain record every transaction. It's decentralized because this ledger is maintained not by one company but by a vast network of computers all connected to the internet, whose operators are rewarded for the work with the chance to earn more Bitcoin. But you can do more with a blockchain than record transfers of digital coins. You can use it to make contracts and control how software and apps work.

Web3 applications are often based on a technology called Ethereum, which like Bitcoin rewards the users who help maintain its network. Its coin is called Ether, which has a total market value of $511 billion. The apps themselves can also have associated tokens, which may not only pay for services but act like voting shares that govern the apps' development and even fee structure. At least early on, much of the incentive for this activity often is the chance for appreciation in the token's price. It might rise as more users join the community, but of course it can also be inflated by speculation. There's a lot of that in crypto.

Why am I hearing more about this?

The speculative boom is a big part of it, but it's also that people are starting to see the tech in real life. As Bitcoin and other cryptocurrencies rallied earlier this year, venture capitalists poured billions of dollars into building and improving distributed apps, or dapps. Many dapp teams also received distributions of coins, which rose in value—spurring more interest. “We're at an inflection point that will lead into an even faster pace of innovation and growth in Web3,” says Ali Yahya, a crypto general partner at venture capital firm Andreessen Horowitz. (Bloomberg LP, which owns Bloomberg Businessweek, has invested with Andreessen Horowitz.)

More than 8,700 active dapps are listed on tracker DappRadar. They include lots of crypto trading platforms and games. Sometimes the line between those is fuzzy: Many games involve winning and trading nonfungible tokens, or NFTs, which are virtual characters or collectibles that can fetch sky-high prices.

Operating through a distributed network can be clunky, but the user experience is getting better. “It's still early, but it's been transformed in the last six months,” says Jonathan Dotan, founding director of the Starling Lab, a research nonprofit hatched out of Stanford and the University of Southern California Shoah Foundation that's working on using cryptography and decentralized networks to help preserve and verify documents including sensitive historical records. One of the group's projects is to upload more than 55,000 video testimonies of genocide survivors to Filecoin, a distributed network where more than 3,500 providers around the world store files on their computers in return for FIL tokens. The Starling Lab is now able to pour three times more data per day into Filecoin than at the beginning of the year, says Dotan.

In October, Dish Network Corp. partnered with startup Helium Inc. for 5G wireless connectivity. Hotspot providers get paid in the token HNT for offering coverage. “What people are starting to realize is this is a very new opportunity that's reminiscent of Airbnb or Uber,” says Helium Chief Executive Officer Amir Haleem. The city of San Jose is setting up 20 Helium hotspots to earn HNT tokens to help cover internet access for some low-income residents.

Twitter Inc.'s engineers are working on Bluesky, a decentralized version of social media. Gaming company Ubisoft announced on Dec. 7 it will let players in one game get NFT collectibles such as vehicles for their characters. In other words, decentralized apps will face plenty of competition from traditional web players. “The biggest battle here is with the big tech companies,” says Aaron Brown, a crypto investor who writes for Bloomberg Opinion. “The financial incentive of these companies is basically to hijack Web3” with Web3-like versions of their apps.

Do I care if apps are decentralized?

“Centralization is convenient,” says Brown. Web3 is likely to be “a place for niche groups. People who are developing new ideas.” The goal of many such undertakings is to become a DAO, or decentralized autonomous organization—effectively, thousands of users governing a project through chat groups and their tokens. “I think DAOs will be as ubiquitous as companies, clubs, nonprofits, and different kinds of ‘official' organizations today,” says Maria Shen, a partner at venture capital firm Electric Capital.

What are the downsides?

Although Web3 is often described in terms of idealistic cooperatives, decentralization can also be a cover for business as usual with less accountability. Regulators are raising concerns about some projects, particularly decentralized finance, or DeFi, apps that let people lend, borrow, and trade coins with each other, often without verifying users' identities or performing anti-money-laundering checks. Many teams of developers claim they aren't responsible, because they've passed control on to their users. “What are these dirty little secrets that no one talks about?” says Avivah Litan, an analyst specializing in blockchain at researcher Gartner Inc. “Right now, DeFi is run by centralized companies. But the difference is you can't stop the protocols. You can arrest the people, the regulators can put them in jail, but you can't stop the protocols.”

There are environmental concerns about the huge amount of computing power some blockchains require, though newer systems may ease that. And with much of the code created in all-nighters, software bugs and malicious hacking attacks abound. Many projects don't even list contact numbers, though they may maintain online chat groups. If you accidentally mistype and send money to the wrong account, it may be lost forever. You won't be able to resolve the problem like you would by calling a bank's customer service line.

Many Web3 ventures have few paying customers but can gain from the appreciation of the underlying token, making them vulnerable to a wild market. Take Piknik & Co., which employs about 30 people and operates two data centers supporting Filecoin. It makes money generating FIL tokens, which have almost doubled in value this year. But they're down 82% since the April peak. CEO Kevin Huynh says he has customers in pilot programs who will eventually start paying him. He's made a big bet on Web3. He trained as a surgeon before diving into Piknik, and liquidated his 401(k) and gathered small contributions from about 70 relatives and friends to get started. “I think it's going places,” he says.

https://www.ndtv.com/business/begin...e-internet-2664462#pfrom=home-ndtv_topstories
 
Fresh off relinquishing the chief executive reins of Twitter Inc., Bitcoin enthusiast Jack Dorsey has taken to the service he co-founded to voice his displeasure with so-called Web3 technology and the involvement of venture capital firms like Andreessen Horowitz.

Web3, the still hazy term for blockchain-based, decentralized systems and tech that are meant to replace the internet as we know it, has garnered much attention and funding this year, with Andreessen Horowitz being among its loudest cheerleaders. Trading of non-fungible tokens, or NFTs, on the Ethereum and Solana blockchains has been the most visible manifestation, with many companies now investing in the development of decentralized apps as well as games for those platforms.

“You don't own ‘web3',” tweeted Dorsey. “The VCs and their LPs do. It will never escape their incentives.”

The post drew more than 16,000 likes and thousands of retweets. Many pushed back with comments like “highly disagree” and “dead wrong,” though many others chimed in with support.

Tesla Inc. chief Elon Musk got in on the discussion by asking if anyone has seen Web3, to which Dorsey replied “it's somewhere between a and z,” hinting that it's held under the control of the VC firm founded by Marc Andreessen and Ben Horowitz, commonly contracted to a16z.

The VCs and their LPs do. It will never escape their incentives. It's ultimately a centralized entity with a different label.

Earlier in the day, Dorsey, whose Block Inc. company includes Spiral, a project “aimed at making bitcoin the planet's preferred currency,” tweeted in response to musical artist Cardi B that Bitcoin will replace the U.S. dollar. The series of tweets and responses from the former Twitter boss on Monday stirred disagreement and debate on the service, with a16z General Partner Chris Dixon offering an olive branch by saying he is “a huge fan” of Dorsey and “hoped we can eventually bring him around to ETH and other blockchains.”

“It's critical we focus our energy on truly secure and resilient technologies owned by the mass of people, not individuals or institutions,” Dorsey responded.

https://www.ndtv.com/business/web3-...st-on-web3-2664441#pfrom=home-ndtv_topstories
 
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry Wednesday revealed that Pakistanis possessed cryptocurrency worth around $20 billion.

Addressing a press conference, FPCCI President Nasir Hayat Magoon said, "As per our research, Pakistanis have cryptocurrency worth $20 billion."

He urged the government to devise a comprehensive policy so that people could cash the cryptocurrency in Pakistan instead of Dubai. Even India has introduced rules related to cryptocurrency, Magoon added.

Magoon said the biggest problem of the incumbent government was ‘not making decisions on time’. He said Minister for Energy Hammad Azhar should resign if he fails to make timely decisions.

Criticising the PTI-led government, the FPCCI chief said that benefits from reduction in oil prices in the international market could not be transferred to people in Pakistan.

Talking about the ongoing gas crisis in the province, he said that Sindh produced 2,310mmcf gas while just 900mmcf gas was being provided to the province.

Thenews
 
New Delhi: After the massive tax evasion of GST by Cryptocurrency Service providers WazirX, the Directorate General of GST Intelligence has come down heavily on Cryptocurrency exchanges operating in the country, said sources.
"Around half dozen offices of Cryptocurrency Service providers have been searched and massive Goods and Service Tax (GST) evasion has been detected by DGGI," sources told ANI.

Crypto wallet and exchange are platforms where merchants and consumers can transact with digital assets like bitcoin, ethereum, ripple, etc.

According to sources, around ₹ 70 crore worth of tax evasion has been detected during the crackdown on Cryptocurrency trade by Mumbai CGST and DGGI.

"The DGGI is investigating Coinswitch Kuber by M/s Bitcipher Labs LLP, CoinDCX by M/s Neblio Technologies PVT. LTD., BuyUCoin by M/S I Block Technologies Pvt. LTD. and Unocoin by M/s Unocoin Technologies Pvt. LTD," sources said.

Official sources further said, "They are providing facilitation intermediary services for buying and selling of crypto coins. These services attract GST rate of duty of 18 per cent which all of them have been evading."

Another official source, who was part of this search, told ANI, "These service providers were charging a commission for their facilitation to indulge in exchange of bitcoins but were not paying GST tax. These transactions were intercepted by DGGI and they were confronted with evidence that proved non-payment of GST."

A top source told ANI that they paid ₹ 30 crore and ₹ 40 crore as GST, interest and penalty for non-compliance to the statutory provisions of GST law. For violating GST laws the CBIC has recovered ₹ 70 crore from Cryptocurrency Service providers including WazirX.

On Friday, GST Mumbai East Commissionerate of Mumbai Zone detected GST evasion of ₹ 40.5 crore from cryptocurrency exchange WazirX and recovered ₹ 49.20 Crores in cash pertaining to GST evaded, interest and penalty.

As per the claim made CoinDCX their crypto app allows buying of bitcoin and other cryptocurrencies instantly in India and has more than 7.5 million users and more than one crore downloads with ₹ 7 billion cryptos purchased.

As per the website which CoinSwitch Kuber trading platform has processed over USD 5 billion, BuyUcoin based out of Delhi-NCR in India has more than one million users and traded more than USD 800 million.

Unocoin is also a platform to trade Bitcoin, Ether, Tether, among other such platforms of crypto assets has offices in Bangalore which have processed more than 10 million as per their website.

https://www.ndtv.com/india-news/dgg...n-detected-2682998#pfrom=home-ndtv_topstories
 
Bitcoin has fallen below $40,000 (£29,480) to hit its lowest level since August amid a wider sell off in risk assets - including some of the tech sector's top names.

The world's biggest cryptocurrency briefly dipped to as low as $39,558 (£29,154) as it fell by more than 5% on Monday, adding to a slide seen last week.

Bitcoin had surged last year amid growing demand from mainstream investors, and hit a record high of $69,000 (£50,854) in November.

That was despite regulatory curbs, particularly from China, and continuing warnings from authorities globally about the risks involved in such investments.

But cryptocurrencies have been caught up in selling pressure on risk assets at the start of this year, which is linked to expectations about the pace of interest rate rises in the US.

Bitcoin's recent downturn has also partly been linked to unrest in Kazakhstan, which is the world's second-biggest location for so-called Bitcoin "mining", the energy-sapping computer process by which the tokens can be harvested.

Wider stock markets were also down on Monday, notably among US-listed tech firms - with the Nasdaq off by more than 2%.

SKY
 
Pakistan central bank panel recommends complete ban on cryptocurrencies

A panel of Pakistan's central bank has recommended a complete ban on cryptocurrency and other related activities in the country, according to a media report on Thursday, days after a top court ordered a probe into a USD 100-million digital currency fraud.

After the scam became public, the Sindh High Court (SHC) directed the State Bank of Pakistan (SBP) to constitute a committee under the bank's Deputy Governor to probe the fraud.

The other members of the panel were from the ministries of finance, information-technology, the telecommunication authority, and the Security and Exchange Commission.

The court sought the committee's opinion on whether any form of cryptocurrency could be permitted under Pakistani law, The News International reported.

In its report, the committee suggested a complete ban on all cryptocurrency and other related activities in the country.

Based on a risk-benefit analysis, it has come to light that the risks of cryptocurrencies "far outweigh" its benefits, the newspaper reported.
The committee observed cryptocurrency was traded in speculation, where people could be enticed to invest for short-term capital gains.

The committee explained such enticement may result in the flight of precious foreign exchange reserves, as well as transfer of illicit funds from the country.

The committee said there must be a ban on unauthorised operations of cryptocurrency exchanges, stating that exchanges like Binance, OctaFx, among others, should be banned for their unauthorised operations, while proportionate and dissuasive penalties should be imposed on them.

Meanwhile, a petitioner at the SHC opposed the recommendations.

The SHC's division bench, headed by Justice Mohammad Karim Khan Agha, directed the committee to send a copy of the report to the Ministry of Finance and Ministry of Law.

The ministries will consider the same at joint meetings and reach a final decision whether or not cryptocurrency, in any form, can be allowed in Pakistan and, if so, what would be its regulatory framework.

The court directed the Ministry of Finance and the Ministry of Law to place a joint recommendation as to whether the business of cryptocurrency in any form can legally be carried out in Pakistan as this was also causing difficulty at this point in time for those persons engaged in it ? keeping in view the Federal Investigation Agency's constant raids and freezing of bank accounts.

The court directed Secretary Finance and Secretary Law, and other senior officers from the Ministry of Law to appear before it and file a report on the matter on April 11, according to the News International report.

Last week, the Federal Investigation Agency of Pakistan detected an online fraud of USD 100 million (Rs 17,587 billion) using a cryptocurrency and issued notice to the local representative of Binance - the world's largest cryptocurrency exchange.

https://www.timesnownews.com/busine...mends-complete-ban-on-cryptocurrencies/849154
 
Moonbeam's token (GLMR) had a presale at 0.25 and it is backed by Alameda research and Coinbase ventures. Another way to obtain the token is by participating through polkadot parachain auctions.

How does the auction works? We need Polkadot and we contribute Dot for a 2 year lease and in exchange we can receive GLMR tokens, after 2 year lease we get our Dot back. I previously participated in Kusama parachain auctions for Moonriver, for 1 KSM I received 14.5 MOVR. Parachain auctions is where money to be made :butt

Can you please come back in this thread. :murali
 
UK will legislate for new powers to seize crypto assets, says business secretary

The UK is set to introduce legislation to seize Russian crytocurrency assets, Business Secretary Kwasi Kwarteng has said.

Experts believe Russia could use crytocurrency to blunt the effectiveness of Western economic sanctions.

The US Treasury Department warned in October that cryptocurrencies posed an increasingly serious threat to America's sanctions programme.

Trading volumes in Bitcoin using the rouble have surged to the highest level since May, according to crypto data firm Kaiko.
 
All UK crypto-currency cash machines (ATMs) are operating illegally and must be shut down, the Financial Conduct Authority has announced.

Crypto-ATMs look like regular cash machines and let people buy crypto-currency, such as Bitcoin, using their bank cards.

But no company offering crypto-currency services in the UK has a licence to operate a crypto-ATM.

The FCA said all such machines must be shut down or it will take action.

According to crypto-ATM directory Coin ATM Radar, there are 81 functional crypto-ATMS in the UK.

The FCA said: "We regularly warn consumers that crypto-assets are unregulated and high-risk which means people are very unlikely to have any protection if things go wrong.

"People should be prepared to lose all their money if they choose to invest in them."

The FCA publishes a list of companies that appear to be involved in crypto-currency but have not registered their business with the regulator for anti-money-laundering checks.

It said that since the publication of its list, 110 of the crypto companies had ceased trading.

BBC
 
Did anyone buy Shiba Inu here? How do you think this coin will do in the upcoming months/years?
 
Did anyone buy Shiba Inu here? How do you think this coin will do in the upcoming months/years?

Purchased it, it took a nose dive, hodled it, and immediately got rid of it soon as it a little over my purchase price to cover the cost.

Look at the circulating supply.

549,063,278,876,302 SHIB

That's 550 TRILLION available coins, lol

Unless they heavily burn in super large chunks, you can put the entire world's money into it and it still won't have those explosive growth, or hit that high number, that we all want.
 
Purchased it, it took a nose dive, hodled it, and immediately got rid of it soon as it a little over my purchase price to cover the cost.

Look at the circulating supply.

549,063,278,876,302 SHIB

That's 550 TRILLION available coins, lol

Unless they heavily burn in super large chunks, you can put the entire world's money into it and it still won't have those explosive growth, or hit that high number, that we all want.

I see. Thanks.

I have recently bought Shiba Inu. Price seems low now. Fingers crossed.
 
Purchased it, it took a nose dive, hodled it, and immediately got rid of it soon as it a little over my purchase price to cover the cost.

Look at the circulating supply.

549,063,278,876,302 SHIB

That's 550 TRILLION available coins, lol

Unless they heavily burn in super large chunks, you can put the entire world's money into it and it still won't have those explosive growth, or hit that high number, that we all want.

Which coins you have the most in your wallet.
 
The Pakistan Telecommunications Authority (PTA) has expressed concerns over the decision to ban the trading of cryptocurrency in the country.

Earlier, the State Bank of Pakistan (SBP), Securities and Exchange Commission of Pakistan (SECP) and the Ministry of Information Technology and Telecommunication proposed a complete ban on crypto-based transactions.

According to the PTA, such a measure might affect several other associated technologies as well as progress of IT start-ups. Meanwhile, the law ministry, while demanding a valid justification for banning crypto-currencies, suggested that it could help in developing a legal framework for regulating or banning the trade of the digital coins in the country.

The government has decided to seek at least three months’ time from the Sindh High Court (SHC) to prepare and submit joint recommendations of the Ministry of Finance and the Ministry of Law on the subject of cryptocurrencies.

The decision was taken at the second meeting chaired by the finance secretary regarding the complications faced while preparing policy recommendations on cryptocurrency on the directions of the Sindh High Court.

According to the documents available with The Express Tribune, the meeting reviewed “whether cryptocurrencies should be allowed in the country in any form or not”.

During the meeting, additional finance secretary apprised the participants about the case background and informed them of a study conducted by a sub-group.

During the meeting, the central bank, SECP and the Ministry of Information Technology and Telecommunication proposed a ban on crypto business and maintained that its permission could lead to capital flight, money laundering and terrorism financing besides raising concerns for Financial Action Task Force (FATF).

“Cryptocurrency business should be banned in the country due to lack of legal framework,” they said.

Meanwhile, representatives from PTA maintained that banning cryptocurrencies in Pakistan would be an issue “as it is not possible to impose a complete ban on crypto transactions”.

“Though well-known websites and exchanges can be geo-blocked, users can bypass the digital barricades through the use of VPNs and proxy servers,” PTA said, adding that a great amount of cryptocurrency transactions were being facilitated through online social platforms which cannot be completely blocked.

Published in The Express Tribune, April 21st, 2022.
 
The federal government has constituted three sub-committees to decide the future of cryptocurrency business in the country.

These panels will formulate their recommendations after reviewing all the aspects of the cryptocurrency business including the determining of its legal status and a ban on it.

According to documents available with The Express Tribune, these sub-committees were formed in a meeting chaired by the federal finance secretary to decide whether or not to legalise the cryptocurrency business.

The first panel was formed under the chairmanship of law secretary. State Bank of Pakistan (SBP), Federal Investigation Agency (FIA) and Pakistan Telecommunication Authority (PTA) will be the members of the sub-committee among others.

The committee will mull over the method to ban cryptocurrency, if necessary, while maintaining a balance between welfare and technological advancement and would make recommendations in the light of this review.

The other two sub-committees have been set up under the chairmanship of SBP Deputy Governor Saima Kamal. The members of the panels will include representatives of the Ministry of Information Technology, Securities and Exchange Commission of Pakistan and PTA and others.

The first committee would decide whether cryptocurrency can be banned as the approved legal tenders or virtual assets at this stage. The panel will formulate its recommendations in view of the related laws.

The recommendations of the second sub-committee will be based on imposing an immediate ban on cryptocurrency and that would be its repercussions in future.

It would further discuss whether Pakistan would lag behind in the technological advancement race internationally if crytocurrency is banned.

The sub-committees will prepare their proposals and send them to a committee headed by the finance secretary following which recommendations will be prepared on the future of cryptocurrency.

Express Tribune
 
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Damn! I wasn't expecting the price to drop this much.

It shows these cryptocurrencies are yet to be reliable. It is like gambling.
 
Damn! I wasn't expecting the price to drop this much.

It shows these cryptocurrencies are yet to be reliable. It is like gambling.

Nah, it seems you werent in Crypto in 2018 and 2020? Its simply market is resetting itslef, many of stupid ALTS will die in such crash and only BTC, ETH will survive along with some others.

A crash like this, happens in Crypto, as well as stocks. Where are stocks of Nasdaq now? Did you check their charts?
 

Terra Luna went from 100$ to 0.009$ in a matter of four days. This happens when you try to buy such coin which dont have strong principles. Luna was a complete ponzi scheme, pegged by UST artificially.

You cant fuel an engine for ever, so it was expected to happen.
 
I see. Thanks.

I have recently bought Shiba Inu. Price seems low now. Fingers crossed.

Dude, terrible decision. Shiba INU is a meme coin, no utility, trillions of circulating supply. You should go for those coins which are fundamentally strong.
 
Dude, terrible decision. Shiba INU is a meme coin, no utility, trillions of circulating supply. You should go for those coins which are fundamentally strong.

I sold all of my Shiba coins a while ago. I didn't have a good feeling about it. Looks like it was a good decision.
 
Nah, it seems you werent in Crypto in 2018 and 2020? Its simply market is resetting itslef, many of stupid ALTS will die in such crash and only BTC, ETH will survive along with some others.

A crash like this, happens in Crypto, as well as stocks. Where are stocks of Nasdaq now? Did you check their charts?

Stocks are more legitimate. Stocks have been around for a while. Tried and tested.

Can't say the same about cryptocurrencies. Prices fluctuate way too much.
 
Cryptocurrency values are taking a further pounding amid a resumption in a wider flight from risk over growing fears of an inflation-driven global recession.

A meltdown in the value of a so-called stablecoin, TerraUSD, was widely blamed for stoking a sell-off in crypto assets that saw Bitcoin hit a 20-month low at one stage on Thursday.

The largest cryptocurrency by market value hit a low just above $25,400 after TerraUSD broke its peg to the US dollar.

The stablecoin - so named because such digital tokens are pegged to the value of traditional, regulated assets - plunged in value late on Wednesday, sending shockwaves through other such assets including Tether, which also broke its link to the US currency.

In Bitcoin's case, it has lost almost two-thirds of its peak value of $69,000 achieved last November.

Its demise has tracked that of so-called growth, mainly tech, stocks on Wall Street.

While the likes of Amazon, Meta (Facebook's owner, Alphabet (of Google fame) and Tesla led Wall Street's rally from the pandemic lows in 2020, they have since borne the brunt of a sell-off this year as their returns and valuations are discounted more deeply when interest rates go up.

The Federal Reserve signalled an aggressive path ahead for rate hikes - likely to mirror this month's 0.5% increase across several meetings this year - in a bid to tackle rising inflation.

The prospect of such tightening in the months to come has also sent the dollar to 20-year highs - with the pound at a two-year low below $1.22 - but it has also raised fears that the US economy will suffer as borrowing costs go up.

Despite the Bank of England warning there was a risk of recession ahead for the UK economy last week, it continued its bid to keep a lid on inflation expectations by raising Bank rate for the fourth time in a row - to hit 1%.

COVID lockdowns in China have added to the economic jitters as disruption in the global supply chain also threatens to fuel inflation further down the track.

It is already being driven by demand outstripping supply and the effects of Russia's war in Ukraine - hurting risk appetite.

Among the latest developments to damage sentiment was a warning from Germany that Russia was now using energy as a "weapon" as Moscow said it would halt gas flows to the country via its main pipeline through Poland.

Asian markets set the tone on Thursday for stocks, with the FTSE 100, DAX in Germany and Paris CAC all falling by more than 2% at one stage.

The tech-heavy Nasdaq - which has lost more than 25% of its value this year - was down by a further 1% in a broad-based sell-off.

Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said of the market meltdowns: "Fears about rampant inflation and the abrupt ending of the era of cheap money have sent cryptocurrencies careering down a cliff edge, as investors scuttle away from risky assets.

"Crypto fans, lulled into a false sense of security amid sharp price rises during the pandemic, are now facing a rude awakening with assets plunging across the board with Ether down by just under 20% since yesterday, despite notching up a slight recovery in the last few hours.

"Bitcoin has crawled back up from its low of $26,000 reached early today, and is currently trading a nudge above $28,000 but it's down 20% over the last five days."

SKY
 
Stocks are more legitimate. Stocks have been around for a while. Tried and tested.

Can't say the same about cryptocurrencies. Prices fluctuate way too much.

Volatility is now in every thing, stocks, cryptos. But if you are smart enough, these volatility can earn you good too. But right now, just try to observe market, especially crypto.

And whenever you want to buy any coin, never try to buy meme coins like Shib.
 
Don't buy anything right now (apart from metals)..these are unprecedented times. I'm saying this as someone who has traded these markets for nearly a decade.

The markets are in uncharted territory.

Markets thrived for 14 years in unconventional monetary policy, possibly coming to end and reverse.

You have to consider the idea that this changes everything we know and adjust for that risk.

Fed starts to indicate cutting, we slowly rally, fed forced to aggressively cut and QE again we pump but either way I don't see an ATH before 2024.

After the Luna fiasco most alts are too high risk to touch.
 
Don't buy anything right now (apart from metals)..these are unprecedented times. I'm saying this as someone who has traded these markets for nearly a decade.

The markets are in uncharted territory.

Markets thrived for 14 years in unconventional monetary policy, possibly coming to end and reverse.

You have to consider the idea that this changes everything we know and adjust for that risk.

Fed starts to indicate cutting, we slowly rally, fed forced to aggressively cut and QE again we pump but either way I don't see an ATH before 2024.

After the Luna fiasco most alts are too high risk to touch.

Alts shouldnt be touched at all, 90 percent of alts are going to be destroyed forever. LUNA was the first one.

Only ETH and BTC are trustworthy. And i agree, in this year we wont be seeing any ATH. I believe BTC will go to 50K in this year but not more than it.
 
Alts shouldnt be touched at all, 90 percent of alts are going to be destroyed forever. LUNA was the first one.

Only ETH and BTC are trustworthy. And i agree, in this year we wont be seeing any ATH. I believe BTC will go to 50K in this year but not more than it.

I'm not sure we even see 40k+ this year and I'll tell you why...

I'm very familiar with all kinds of technical trading from EW to PA.

Every support, every HTF MA, indicator, etc, everything in the past that created support, was supported by unconventional monetary policy.

If that is gone, does that change things?

Think about it at least.

Everything that propped these bubbles is now in reverse.

The FED will stop in at some point but they have no choice but to remove liquidity at an alarming rate.

BTC never tests previous cycle lows historically, I'm very confident that breaks this year and Ethereum trades under 1k.

Alts are in a world of trouble and totally agree Luna is just the first of many.
 
Nice to see some green for a change and with everyone running for the exit it's been a pleasant trading environment lately. Hopefully we see some relief bounces over the coming weeks..
 
Dude, terrible decision. Shiba INU is a meme coin, no utility, trillions of circulating supply. You should go for those coins which are fundamentally strong.

What is your opinion about Solana, Rune and Aave. Are they strong coins.
 
What is your opinion about Solana, Rune and Aave. Are they strong coins.

SOL and RUNE both are fundamentally strong coins. But Solana blockhain have so many problems, it gets restart oftenly which is very disappointed. On the other hand, Thor Chain RUNE so far proved itself a beast.

Right now if i want to buy One among those two, mine vote will be for RUNE. It has a bright future as compared to SOL.

If SOL overcomes all the problem then probably its a good long shot.
 
Nice to see some green for a change and with everyone running for the exit it's been a pleasant trading environment lately. Hopefully we see some relief bounces over the coming weeks..

Nah. Tuesdays are always Green Days historically. But some good news all over the world are coming which are encouraging. 44 countries meeting El Salvador to discuss about BTC.

UK are going to regulate according to news and etc.

Personally i think in this Year BTC will outperform ALTS.
 
Nice to see some green for a change and with everyone running for the exit it's been a pleasant trading environment lately. Hopefully we see some relief bounces over the coming weeks..

Did you swing trade LuNA during dump? Got some crazy xs though. But since the new news by idiot Do Kwn. Now am staying away from it.
 
SOL and RUNE both are fundamentally strong coins. But Solana blockhain have so many problems, it gets restart oftenly which is very disappointed. On the other hand, Thor Chain RUNE so far proved itself a beast.

Right now if i want to buy One among those two, mine vote will be for RUNE. It has a bright future as compared to SOL.

If SOL overcomes all the problem then probably its a good long shot.

Thanks a lot. Actually I recently entered in crypto market, didn't have time to do a detailed study. Just check the history of some coins. Rune actually looked very good.

Any idea about AAVE?

which coins you have most in your wallet.
 
BTC Update : So, we are seeing a small relief bounce from the current position. Now there are two scenarios, if BTC keep continuing bounce from this point then i will have to check the position of 38K.

Second and most probable condition is that BTC will fall to 20-22K around position and that is going to be mine buying zone as well.

32K support as already broken, its hovering around 28-30K. Buying now for me is a very risky trade. So i will wait for at least one more week.

001.jpg
 
Thanks a lot. Actually I recently entered in crypto market, didn't have time to do a detailed study. Just check the history of some coins. Rune actually looked very good.

Any idea about AAVE?

which coins you have most in your wallet.

Personally, i have never liked AAVE. I dont believe its a long term hold project (mine personal opinion).

I am holder of ADA, Solana, KSM, DOT, COTI, BNB which is bought 2,3 days back @210$, still holding. And ETH too am holding.

Mine biggest trust is in DOT, because DOT is doing heavy work on Web3.0.

KSM, DOT, COTI all are in loss but am doing DCA so should be Ok when the market starts its bull run (i hope).

Currently, am doing some trades on BSC And ERC Chain for quick profits, as well as loss :)))
 
There are rumors, it may go to 21K. what is your opinion.

It will BUT it will take time to reach there, I think it even breaks below it eventually although if we do get there it will give us an omega bounce first time of asking.
 
Nah. Tuesdays are always Green Days historically. But some good news all over the world are coming which are encouraging. 44 countries meeting El Salvador to discuss about BTC.

UK are going to regulate according to news and etc.

Personally i think in this Year BTC will outperform ALTS.

I never bother with news, crypto is so correlated with stocks..as soon as SPX pushed over 4000...crypto was obviously going to follow.
 
Thanks a lot. Actually I recently entered in crypto market, didn't have time to do a detailed study. Just check the history of some coins. Rune actually looked very good.

Any idea about AAVE?

which coins you have most in your wallet.

Aave is fundamentally better than those IMO as it's survived a few bear markets but if you are patient I see it going below $40 later in the year.

Back in 2017 people wanted a dip on their favourite alts, they got more than they asked for but MOST alts of 2017-2018 never recovered. I think the same happens to a lot of these tokens in the next cycle.

Alts are inflationary by nature so best to look for BTC and ETH and then trade the narrative. This cycle we had L1s, Defi, NFTS etc but I bet next cycle some new shiny one's will take the limelight.

Avoid trash like Ada please.
 
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I think we stay rangebound between 27-35k IMO with 35k capping the upside. Buyers will definitely defend 27k and try to make a HL.
 
Thanks a lot. Actually I recently entered in crypto market, didn't have time to do a detailed study. Just check the history of some coins. Rune actually looked very good.

Any idea about AAVE?

which coins you have most in your wallet.

Luna :misbah :inti
 
Aave is fundamentally better than those IMO as it's survived a few bear markets but if you are patient I see it going below $40 later in the year.

Back in 2017 people wanted a dip on their favourite alts, they got more than they asked for but MOST alts of 2017-2018 never recovered. I think the same happens to a lot of these tokens in the next cycle.

Alts are inflationary by nature so best to look for BTC and ETH and then trade the narrative. This cycle we had L1s, Defi, NFTS etc but I bet next cycle some new shiny one's will take the limelight.

Avoid trash like Ada please.

Thanks for the advice.

Unfortunately I have already bought some Ada and it has been one of the worst ones I have.

I didn't buy it when it was high still I am in loss. Now I am planning to get rid of it as soon as it reaches my buying price.
 
How do you guys keep track of your profit and losses? Do you maintain a sheet or use some kind of an app/software? :inti
 
How do you guys keep track of your profit and losses? Do you maintain a sheet or use some kind of an app/software? :inti


Create an account at coinmarket. It's free.
Type in your portfolio (crypto and your initial cost), and you can see the ups and downs of each asset, and total value of your portfolio. Right now, it looks EXTREMELY DEPRESSING !!
 
Thanks for the advice.

Unfortunately I have already bought some Ada and it has been one of the worst ones I have.

I didn't buy it when it was high still I am in loss. Now I am planning to get rid of it as soon as it reaches my buying price.

Hopefully we get some relief and then I would look to sell ADA asap..it has no real long term value and by next year IMO the market will bring true value to the vaporware in this space.

Holding any ALT is dangerous unless you are looking to scalp over the next few weeks.
 
Hopefully we get some relief and then I would look to sell ADA asap..it has no real long term value and by next year IMO the market will bring true value to the vaporware in this space.

Holding any ALT is dangerous unless you are looking to scalp over the next few weeks.

You are right. Most of them are PUMP and DUMP coins. :inti
 
Thanks for the advice.

Unfortunately I have already bought some Ada and it has been one of the worst ones I have.

I didn't buy it when it was high still I am in loss. Now I am planning to get rid of it as soon as it reaches my buying price.

Wait for June, ADA always pump in June. 28th June, some big news and upgrades are coming for ADA which surely can pump ADA. I am also holding ADA (though not in loss)

So stay cool.
 
You are right. Most of them are PUMP and DUMP coins. :inti

Not like that, we can use PUMP and DUMP term for **** Coins. Which can give you crazy gains of 10x in an hour, or can give you feelings of LUNA as well :)))

In this market, you can rely on BTC, ETH, BNB as per my opinion.
 
I use binance, can check history or most of the time i make Excel sheets for calculations.

I too maintain a google spreadsheet. My question is how do you calculate the average when you buy some coins, sell some of them and then buy them again? Suppose you bought 100 Luna coins at 10$ per coin, sold 50 for 15$ per coin and then bought 70 at 8$ again. What would be the average? :inti
 
I too maintain a google spreadsheet. My question is how do you calculate the average when you buy some coins, sell some of them and then buy them again? Suppose you bought 100 Luna coins at 10$ per coin, sold 50 for 15$ per coin and then bought 70 at 8$ again. What would be the average? :inti

Have you cleared 7th std Arithmetic :virat
 
I too maintain a google spreadsheet. My question is how do you calculate the average when you buy some coins, sell some of them and then buy them again? Suppose you bought 100 Luna coins at 10$ per coin, sold 50 for 15$ per coin and then bought 70 at 8$ again. What would be the average? :inti
[MENTION=139595]Ab Fan[/MENTION] [MENTION=76058]cricketjoshila[/MENTION] [MENTION=146232]jeeteshssaxena[/MENTION] [MENTION=134408]Sidilicious[/MENTION] [MENTION=132715]Varun[/MENTION]

I think this offers some perspective on how seriously his posts need to be taken.
 
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