16 Oct 2022 |
rikj000 | On hold for the time being, due to limitations of my time | 16:27:20 |
strepito66#3488 | oh ok | 16:32:40 |
19 Oct 2022 |
| aludane joined the room. | 14:36:14 |
7 Nov 2022 |
| ᴹʸᴰᵃⁿᵉˢ joined the room. | 14:05:52 |
8 Nov 2022 |
| rumytaulu joined the room. | 07:56:27 |
11 Nov 2022 |
| white sand joined the room. | 21:07:23 |
13 Nov 2022 |
AJ_4real#6745 | Which is better for MGM? FTX or Binance? | 15:20:58 |
AJ_4real#6745 | I think Binance but idk for sure. | 15:21:14 |
rikj000 | Do not use FTX! | 16:25:01 |
rikj000 | It's about to go bust | 16:25:03 |
rikj000 | Please move away the majority of your funds from CEXes (Centralized Exchanges).
FTX is likely the first of more CEXes to fall | 16:25:58 |
rikj000 | Binance is the best when it comes down to having many coin-pairs available though | 16:26:48 |
AJ_4real#6745 | How safe do you think it is though, seeing what's happening with FTX | 17:49:07 |
rikj000 | At this point in time I believe every CEX is risky, due to FTX imploding + the macro-economic recession which is upon us. I can see other CEXes which aren't in good financial backed conditions also imploding due to the fallout of FTX, being people panicking and withdrawing funds from CEXes.
Which ones will implode is hard to say, but a lot will depend on their financial backing / reputation I think. | 18:03:57 |
rikj000 | Remember CEXes are just as bad as banks, you give them the keys to your wallet, allowing them to do nearly everything with your funds within legal limits, including gambling in the stock markets and loaning it out to people with no stable income source. | 18:06:23 |
rikj000 | CEXes quite are against what crypto stands for, being "taking the power away from centralized parties of power (central banks)", who currently print our FIAT money into oblivion.. | 18:07:35 |
rikj000 | So I only use CEXes for data for machine learning, and trading, but absolutely not to hold my funds for long periods of time | 18:08:10 |
rikj000 | * So I only use CEXes for data for machine learning, and easy trading/swapping, but absolutely not to hold my funds for long periods of time | 18:08:34 |
AJ_4real#6745 | Which exchanges should I use for trading? | 18:08:48 |
rikj000 | For long holding always use a private wallet, one of which you only have the key, not the CEX aswell | 18:09:07 |
rikj000 | I'd recommend KuCoin and Binance | 18:09:36 |
AJ_4real#6745 | Okay. | 18:09:42 |
rikj000 | * I'd recommend KuCoin and Binance for Freqtrade/MGM | 18:09:48 |
rikj000 | However for manual trading, aim to use DEXes as often as you can (Decentralized Exchanges) | 18:10:10 |
rikj000 | They allow you to simply use your private wallet | 18:10:20 |
rikj000 | No need to send the funds to a CEX (where they can do whatever they want with the money under the hood) | 18:10:40 |
21 Nov 2022 |
| Joe 乔·拜登 joined the room. | 02:56:54 |
26 Nov 2022 |
| Crypd joined the room. | 13:58:14 |
28 Nov 2022 |
| xe4x155ug75r64xx#5924 changed their display name from ioxaixis to ioqw2o91x#5924. | 01:43:39 |
| xe4x155ug75r64xx#5924 changed their profile picture. | 01:43:44 |