Roc  · 06/17/22

Killing Time - Blog for Bitcoin Traders

Here's something boring to keep you awake, without wasting too much of your attention.

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Featured Post

04/08/22 ·  crypto trading 101   psa  

PSA - Don't send ETH or ERC20 tokens between exchanges

Their smart contract mechanisms are rarely compatible. Your money will be lost and exchanges will not want to help you, for legal reasons.

read · #psa   #trading-platforms   #bitfinex   #bitstamp   #independent-reserve  

Shrimpy crypto bot trading

More Reading from the blog

On Overcoming the Fears of Newbie Traders
06/08/22

Overcoming fear in trading is difficult yet possible. You just need to address your fears and work hard at building rational ways to fight and control your fears.

read · #crypto-fundamentals   #crypto-trading-strategy   #trading-technique   #independent-reserve   #shrimpy  

How to invest in Web3.0: List of opportunities
05/24/22

If you're looking for a way to invest some of your money in web3, any of these three options is an easy but reasonable way to go. Each has its own unique benefits that are worth exploring in more depth.

read · #yield   #defi   #staking   #multicoin-wallet   #altcoin-wallet   #binance   #ledger   #ftx   #bitfinex  

6 Tips To Become A Better Online Trader (Checklist)
05/23/22

By making sure you check every item on the list above, you will be on a good way to profit. Just remember to always do your research, stick to your strategy, manage your money well and remain patient and disciplined.

read · #crypto-trading-strategy   #kyc   #adoption   #ledger   #ftx  

Crypto Staking Taxes in the US - Overview & Tools
05/20/22

Crypto tax services are getting more common nowadays, you shouldn't have a big problem finding an accountant knowledgable in crypto. Having an independent knowledge always helps, though, which is why this article exists.

read · #spend-your-crypto   #defi   #yield   #ftx   #ledger  

P2P / Random Crypto Jargon Glossary

Key Points / P2P
  1. In crypto jargon, P2P is short for peer-to-peer or person-to-person

  2. It usually refers to a way of purchasing cryptocurrency

If you purchase crypto in a P2P way, you do that directly with a counterparty; without the participation of a service provider such an exchange platform. You may have used a platform to find that counterparty, but your transaction happens between your cryptocurrency wallet and the wallet of your counterparty.

P2P Crypto Markets: Not Always More Private

To people who are new or just onramping to crypto, the term P2P often sounds synonymous with private, anonymous or untraceable.

That is not true.

A case in point is the P2P market LBC which was forced to submit traders’ identities to government forces due to the marketplace’s code structure which was way too simple.

Why You Should Not Use Localbitcoins

LBC, and many other P2P trading platforms, are basically an online forum where people post offers for others to look up. To sell cryptocurrency, you need to fund a wallet that belongs to LBC from your own wallet. To buy a cryptocurrency, you need to withdraw your crypto from a wallet that belongs to LBC to your own wallet.

In addition to that, LBC still has access to all the direct messages between counterparties. It is very common that a seller of cryptocurrency will require you to DM a scan of your document to see if your bank account or Paypal matches it.

To government agencies, this provides a direct link between your cryptocurrency wallet and your bank account.

P2P and Private: Look For Zero Knowledge

Platform called LocalCryptos is where it’s at in 2020.

  • LocalCryptos are not related to LocalBitcoins.

The LocalCryptos platform is a dApp running on Ethereum smart contracts and Bitcoin scripts.

You get your private key on sign up, which you must back up because the marketplace is fully zero-knowledge and fully non-custodial. The platform is not a counterparty to any transaction and they do not have access to DMs communicated between traders as these are end to end encrypted.

The founder of LocalCryptos has strong political opinions and is not shy to share them.

Localcryptos non-custodial p2p market


More Reading from the blog

[Checklist] Incorporating Blockchain Technologies Into Your Business
05/02/22

There are many ways to incorporate blockchain technology into businesses, including as a simple marketing tool.

read · #nft   #defi   #blockchain-technology   #coldcard   #ledger  

Digital Currency vs Cryptocurrency: 4 Key Differences
04/06/22

Cryptocurrency and digital currency are often used interchangeably, but they have very different meanings.

read · #spend-your-crypto   #defi   #blockchain-technology   #bitforex  

Launching a Token? Here's 7 Tips To Find The Best Blockchain Marketing Agency
04/14/22

It doesn't really take that much, just do a bit of research to make sure price is really corresponding to quality.

read · #spend-your-crypto   #defi   #blockchain-technology   #ftx   #shrimpy  

The Progress of Crypto between 2021 and 2022
04/14/22

Even with the uncertainty of how deep the bear market will go, there is still plenty of progress to note.

read · #crypto-fundamentals   #adoption   #kyc   #nft   #defi   #blockchain-technology   #ftx   #shrimpy  

6 Industries Being Disrupted by Blockchain and Cryptocurrencies
04/14/22

After more than a decade since the first blockchain transaction, let's look at the industries that are now firmly considered disrupted by the new technology.

read · #crypto-fundamentals   #adoption   #kyc   #regtech   #defi   #blockchain-technology   #billfodl   #shrimpy  

4 Benefits Of Using A Crypto Trading Bot
05/29/22

Because of the psychological effects, some traders and investors have started to embrace the use of a crypto trading bot.

read · #crypto-trading-strategy   #trading-technique   #ftx   #coinrule  

How Crypto Trading Affects Your Mental Health (Positive and Negative Effects)
04/06/22

This blog post discusses the effects that trading has on your mental health. Including the positive effects, believe it or not.

read · #crypto-trading-strategy   #trading-technique   #crypto-technical-analysis   #shrimpy   #ftx  

Why are millennials into cryptocurrencies and trading?
04/14/22

Millennials and investing in crypto: the perfect match. Some are conservative and go for large cryptos, some are hungry and go for alts. Here is a list of reasons why millennials love crypto.

read · #yield   #defi   #crypto-trading-strategy   #trading-technique   #nft   #shrimpy   #bitforex  

5 Things to Know Before You Buy BNB (Binance Coin)
04/08/22

Binance Coin is one of the top cryptos by market cap. Let's look at the fundamentals of BNB: Is Binance Coin a good investment?

read · #yield   #defi   #crypto-fundamentals   #crypto-trading-strategy   #crypto-tools   #shrimpy   #ftx  

From the industry: 5 Top Anti-Money Laundering (AML) Solutions
04/08/22

AML is now a requirement for most crypto businesses. But it can be such a bottleneck in user on-boarding that good AML software can provide a real competitive advantage.

read · #kyc   #adoption   #regtech   #blockchain-technology   #coinbase   #bitfinex  

Start Here: Beginner's Primer to the Crypto Trading Industry
04/08/22

Full explainer of crypto markets for the unintiated - From the first ever price quote for 1 BTC to the legacy platforms adopting derivatives (and why).

read · #yield   #staking   #crypto-fundamentals   #blockchain-technology   #shrimpy   #trezor  

What is Terra and How to claim Terra Airdrops?
06/16/22

The Terra ecosystem gives away monthly crypto to network participants in a long-running yield campaign.

read · #yield   #crypto-fundamentals   #blockchain-technology   #bitforex   #shrimpy   #bitfinex  

From the industry: Crypto SEO shows most alt coin projects are not even planning to stick around
04/08/22

The state of cryptocurrency SEO reflects how few projects are doing marketing for the long run, but it's changing.

read · #spend-your-crypto   #nft   #defi   #blockchain-technology   #bitfinex   #ledger  

Adoption of Cryptocurrencies as Means of Payment and Opportunity for Wallet Recovery Services
04/06/22

All this development puts the pressure on individuals and businesses alike to learn the ins and outs of the management of storage of cryptocurrencies. However, it is a common knowledge that this does not always work out. People make mistakes - in private and on behalf of companies as well.

read · #crypto-fundamentals   #blockchain-technology   #crypto-heists   #shrimpy   #trezor   #independent-reserve  

A Beginner's Guide to Understanding Altcoins
04/08/22

Everything you need to know about altcoins as a crypto beginner.

read · #crypto-fundamentals   #crypto-trading-strategy   #kyc   #trezor   #localcryptos   #bitforex  

The Effects of crypto crackdown and bans on crypto betting
04/14/22

Given the sharp decline in cryptocurrencies and the bans enforced by several nations on cryptocurrencies, how has crypto betting fared?

read · #spend-your-crypto   #crypto-fundamentals   #invity  

3 Most Dangerous Cryptocurrency Beginner Mistakes
04/08/22

As the interest in crypto picked up a bit in 2020, so are the number of crypto newbies repeating the same old mistakes as the 2016 lot. Let's take a look at the three most dangerous of them.

read · #crypto-fundamentals   #crypto-trading-strategy   #trading-technique   #shrimpy   #bitforex  

Stats of 2019: What did crypto traders most spend on?
04/08/22

Hookers and blow? Possibly. It weren't bags of shitcoins though, that's for sure. -- Sharing some insight from tracked links on this blog, just like last year.

read · #spend-your-crypto  

Crypto vs Forex Trading: How do they compare?
04/08/22

Are you better off trading bitcoin or forex? Ultimately, it’s about picking the battles, and the right trading strategy.

read · #trading-technique   #daytrading   #scalping   #trading-journals   #ftx   #bitforex   #phemex  

Why Are So Many People Trading Cryptocurrency?
05/02/22

The crypto trading statistics from Google Trends show a new wave of interest in trading of digital currencies.

read · #crypto-fundamentals   #crypto-value-judgement  

Shocking Facts About Cryptocurrency Heists [Infographics]
04/08/22

Cryptojacking, ICO exits, scams, malware and thefts - outrageous amounts of cryptos have changed hands through illicit activity.

read · #crypto-opsec   #blockchain-technology  

Stats from 2018 - Readers like Melancholic 100x and Ledger Wallets
04/08/22

Look at one tiny piece of the economy of crypto for payments. Plus a look at search and traffic stats for hardware wallets and what it probably means.

read · #spend-your-crypto  

Latest Airdrops & Bounties (Updates Mo + Thu nights)

airdrop Coinhub and MSC Airdrop - A short Gleam form that enters you to the draw. The rewar...
airdrop Holonus AMA Airdrop - Holonus is hosting an AMA on Telegram on 28 Jun 4PM UTC+8...
airdrop Royal Raffle (SOL) Giveaway - The first 10k responses to the G Form enter the draw, and...
airdrop Sneaker Swap Portal SHS airdrop - 10 MM tokens will be given away to the community for real...
bounty Trophy.io escrowed bounty - Weekly bounty work on social media and blog platforms, su...
bounty ATOKEN 2 weeks bounty - Token that already trades on PancakeSwap runs a promo bou...
bounty CryptoPirates NFT bounty and whitelist - Google form to get a chance to receive NFTs and tokens of...
exchange promo Phemex Telegram Promo - until 29 Jun
exchange promo Bitforex Trade To Win - 27 Jun - 4 Jul
exchange promo Phemex REVO Workshop - until 29 Jun
exchange promo USDC Interest Account on Phemex - new
exchange promo Proof of Swap (BSC) DEX Airdrop - until 10 Jul