That's a little under 15 times the price of an Apple share. Doge, a coin marketed after the internet slang for "dog," doubled in value in January after a pornstar tweeted about it. After the price settled, it then rocketed once more when Reddit wanted to make it the GameStop of cryptocurrency. David Gerard is one such skeptic. His most recent focuses on Libra , Facebook's ill-fated attempt at digital currency. All of this is about the psychology of get-rich-quick schemes.
In his years working as an IT systems administrator, Gerard's job has been to examine new technology and discern what's useful and what's not. Cryptocurrency, he told me, is not. This is the allure of "shitcoins. That's no exaggeration. Cryptocurrencies are mined using powerful computers, and many enterprising types put together farms of computers used solely for the purpose of mining Bitcoin.
As a result, Bitcoin is responsible for more energy consumption than Switzerland. Gerard says the only thing you can do with Bitcoin is buy it and sell it. He's even harsher on altcoins. Even by the standards of Bitcoin, altcoins are useless," he said. This is precisely what makes them so fascinating. Seemingly, all they can do is get internet punters to bet on their success. But this enables average people to become rich.
That Meme coin I mentioned before? Crypto Spider -- who, like most people in the cryptocurrency community, goes by a pseudonym -- has made millions with altcoins. In cryptocurrency, you can follow someone's portfolio if you have their wallet number, so the community was able to watch this challenge play out in real time. Like Adam, Crypto Spider has no background in finance or trading.
He lists college courses in game theory, basic algorithmics and some economics as useful to his crypto exploits -- but in essence he's a self-taught amateur. He declined to tell me his specific age, only that he was "20ish" when he first got into cryptocurrency in He admits he was attracted by the "pretty numbers," by seeing coins magnify in value 30, 40 and 50 times within a short period.
He was enthusiastic enough to start a university club around cryptocurrencies, and how they'd be used in the future. Crypto Spider says cryptocurrency will play a "major part in the future of finance," and speaks with the passion of a believer. He breathlessly transitions from how cryptocurrency is a part of the internet's evolution to the possible use cases of blockchain , the technology behind Bitcoin, in the next 10 years.
But despite his enthusiasm, I couldn't help but notice how chunks of what he said echoed Gerard. Cryptocurrencies are mined using powerful computers. More emissions are produced by global Bitcoin miners than by the entire country of Switzerland. For one thing, he looks back at all the projects he was excited about in and realizes most were almost entirely vaporware, technology that's advertised but never delivered.
Gerard calls the cryptocurrency community a pool of scammers. Spider notes that people often invest in altcoins they know don't have a function, because there's enough hype around the project to make money. I somehow was able to game all the other people. He first approached cryptocurrnecy trading with the mentality of, "I'm young, I'm dumb, I can lose all my money and it'll be OK. Again though, it reminded me of something Gerard said: "If you're rich enough that your money is your own problem, fine.
If you know zero is a number your investment could go to, fine. People really are getting ripped off. Difficult to regulate and subsisting largely on hype, cryptocurrencies are particularly prone to scams. Those are two of the biggest instances of crypto-fraud. But millions of dollars are scammed from cryptocurrency markets every day in less dramatic ways. Coins are suddenly discontinued, with owners taking all the money with them in what the community calls "rug pulls.
Other times, entire cryptocurrency exchanges -- which sell coins like a stock exchange sells stocks -- vanish. A lot of people are taking on pseudonyms, because they're almost all money grabs. Coming into wider use in recent years, deepfakes are mostly used for pornographic purposes , but as the DeTrade scam shows, deepfakes can also be used in financial scams. OneCoin founder Ruja Ignatova at an event for the "revolutionary" cryptocurrency. Ignatova disappeared around the time OneCoin was discovered to be a fraud: The cryptocurrency the company sold didn't actually exist.
Ignatova has yet to be found. Gerard says he's never seen a deepfake used as part of a scam before. Dude, what the hell. Now you change the price all of a sudden? Looks like you won the bet again! But I want to increase my bet size to , units. Oh we got a whale over here! Looks like someone wants to trade bigger. While Spider-Man is the forex broker. No actual quids were ever exchanged. The payout is the difference between the price when the bet was made and when the bet was closed.
Either you or the broker will have to pay the difference depending on who ends up wrong. My bet size will be , units. This is an example of leveraged trading. I did. I can give you back that. When you open a trade with your forex broker, you and the broker become counterparties of the trade.
Legitimate forex brokers would prefer to stay in business, rather than go bust or disappear with your funds. Unlike shady Spider-Man, they do have ways to manage this risk. Your forex broker is a faceless corporate entity that requires you to send it money so you can open trades with it.
Are you sure they are who say they are? Is it a legitimate company that really provides forex trading services? Or is it a fake fore broker? No actual pounds were ever exchanged. As long as both agreed on the terms, real bets were made and were expected to be honored. Nobody else was involved. The same concern should be made with retail forex brokers since they operate in a similar fashion.
So if your forex broker is always taking the opposite side of your trades, how does it avoid the risk of going bust? And taking your money down with it? Fortunately, Batman was smart enough to use his Batphone and reference a third-party data source Google to verify if the price that Spider-Man was using was accurate. Once the bet was made, Spider-Man could continue to make up prices in his favor.
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|Forex spider forum||Apr 8, And I was already analyzing what lies outside the scope of my trading system. Filters Search. To enter a position, the advisor uses the oversold or overbought conditions o. But while for many people Bitcoin is synonymous with cryptocurrency, it's not what crypto traders like Adam are interested in. Forgot password or user name?|
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GS Spider 3. Like x 3. This is my review for this thread: good share. Added parameter MinDistanceStep , which makes the grid dynamic. This approach allows to considerably reduce the risks when moving against the trend of the grid, which was a serious problem of the third version of the Advisor!
In the fourth version of this problem is no more, and Advisor GS Spider 4. Added parameter MaxGridOrders that shows how many orders many tribes maximum access Advisor, building the mesh. This option also helps to reduce the total lot size in case the market moves against the trader: making automated trading more secure!
This option also aims to protect the Deposit from the collapse of the market! In the third version of this option was not, which led to significant subsidence with persistent price movement against the mesh and, at the request of traders, now this setting is implemented in the fourth version of the Advisor!
Added parameter LotIncreaseAfter , which allows not to increase the lot size of the grid on the first steps. This will allow you to profit during flat, not fearing what will be a sharp trend! After the initial lot size of the orders is now minimal and under complete control! In the third version of this setting was not, that led to the large load on the Deposit at an early stage of the trend. The fourth version fixed the issue!
At the request of some traders now in GS Spider 4. Earlier, the panel was clearly visible only on a dark background terminal! Now colors can be adjusted and a light background! To whom this option has been important - use your health! The interface dashboard is now made to the English language. First, there will be no problems with encoding in some terminals and on a VPS, as before!
Second, such a panel would be convenient for English traders. It is also a plus! For Russian-speaking traders information and so intuitive! As the fourth version of the EA is optimized in terms of code, and it fixes some errors and bugs of the third version of the Advisor - because of what is now the EA will work more profitable and safer! As the safety Advisor GS Spider 4.
Robot Spider GS 4. The robot is designed for professional investing on the Forex market. The robot can work on more than 20 currency pairs in a fully automatic mode. In its strategy Advisor uses the grid structure of orders with a unique logic, which is the best developing at the moment among all existing grid-based algorithms. There are no analogues even in burzhunete! We recommend working with a broker RoboForex.
Below You can view all specifications of the EA. This approach allows to significantly reduce the risks when moving against the trend of the grid, which was a serious problem of the third version of the Advisor! Last edited: 16 Sep BluePanther , 16 Sep Thank you for sharing but language that use I don't understand might profitable.
Already have version 4. This approach allows you to significantly reduce the risks when the trend moves against the grid, which was a serious problem of the third version of the adviser! In the fourth version there is no such problem anymore, and the GS Spider 4. Added the MaxGridOrders parameter, which shows how many orders how many knees the EA can open as much as possible, building a grid. This option also helps to reduce the overall lottery in case the market moves against the trader: which makes automatic trading even safer!
This option is also designed to protect the deposit from a market collapse! The third version did not have this option, which led to significant drawdowns when the price stubbornly moves against the grid and, at the request of traders, now this setting is implemented in the fourth version of the adviser!
Added parameter LotIncreaseAfter, which makes it possible not to increase the mesh lot at all in the first steps. This will make it possible to profit during the flat, not being afraid that a sharp trend will begin! Indeed, the lottery of initial orders is now minimal and under full control! The third version of the adviser did not have this setting, which led to a large load on the deposit at an early stage of the trend. Indicator Spider Indicator work for me..
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Forex Forum's offers universal access to financial market intelligence and keep them up to date regarding Interactive Trading, Automated Trading. firehousehouston.com › Tools dan Software Trading › Expert Advisor atau Robot Forex. Profitable EA Spider Autotrend Discussion in 'Expert Advisor atau Robot Forex' started by Sripuji Tsea, 09 Oct Tags: ema bollinger.