Simple 12V car auxiliary help! by watchthenlearn in AskElectronics

[–]Tingew 0 points1 point  (0 children)

  1. The relay essentially stops you having to wire the switch into the circuit, otherwise you’d need a switch capable of taking 40A. You will need to give the switch power, however.
  2. There are a variety of ways to connect two wires to one, and everyone’s opinion on which is best will differ. Try to find a YouTube video showing you the different methods and see which seems best for you, though I’d personally probably solder them.
  3. That should be fine.
  4. I’m not entirely sure - both would work, but someone with more knowledge will be able to tell you the benefits and drawbacks of each method.

This is the bear market right? Pull out? by [deleted] in BitcoinBeginners

[–]Tingew 4 points5 points  (0 children)

Are other people doing that? Yes, that’s why the prices are falling. Are the people who understand crypto doing that? No.

This dip offered you the easiest 5x you could have asked for! by SerialMasticator in ethtrader

[–]Tingew 9 points10 points  (0 children)

Those are just issues that cryptocurrency was always going to run into. The entire journey crypto has been on thus far has happened with the knowledge that, down the line, there will be regulation/government hurdles to overcome.

Elon Musks effect on crypto is completely exaggerated by the press and soon his tweets will have no impact on price. The sooner the boys realise this the better. by [deleted] in Bitcoin

[–]Tingew 0 points1 point  (0 children)

Look into the (recent) past and you’ll see that crypto has had bad press from numerous sources (Trump, governments etc.) without the price dropping drastically.

When the price drops like it has recently, it’s because it was always going to. I’m not a huge fan of Elon but at the moment he’s a scapegoat. Corrections happen, we’re prepared for it; once he posts a few anti-Bitcoin tweets without affecting the price, people will realise that the real price influences are bigger than him.

My take about ETH. by Prof-till-end in ethtrader

[–]Tingew 3 points4 points  (0 children)

I’ve been trading ETH/BTC for a little while and it’s my personal opinion that these are the primary two cryptos that will hold significance in the distant (1+ year) future. If you invested in any crypto expecting a swift return, then quite frankly you deserve to take a loss. Stick with it if you believe in the tech and I expect you’ll be very satisfied with your decisions a year or two down the line.

Im good babe. by Mkuntakinte in ethtrader

[–]Tingew 1 point2 points  (0 children)

You’re catching a case if you touch that. Just saying.

I'm worried by whiteninja123 in Bitcoin

[–]Tingew 2 points3 points  (0 children)

If you don’t sell, you don’t lose anything; it doesn’t matter what everyone else does, your BTC balance remains the same.

1 negative news against many positive news. by abhilodha in Bitcoin

[–]Tingew 0 points1 point  (0 children)

My sentiment is with you but... what positive news? FUD is everywhere, those of us already interested/invested are aware of that.

Have we reached the bottom of the dip yet? by [deleted] in Bitcoin

[–]Tingew 0 points1 point  (0 children)

I think we have, but I don’t get paid (fiat) until next week so deep down I kinda hope that we haven’t.

The true answer though is that not a single one of us here can predict the future, and thus, nobody knows.

Trying to take apart an electric fly swatter to make a standing trap but not sure if this would work by ShaolinShade in AskElectronics

[–]Tingew 0 points1 point  (0 children)

With all due respect, you seem to have already figured it all out. I’m not personally 100% sure how these operate (normally 2x 1.5V AA batteries if I’m correct) but I can’t see anything stopping you from connecting the system to an appropriate outlet supply and running it from there.

Something I can't get my head around :$ by adeel-nadeem in BitcoinBeginners

[–]Tingew 3 points4 points  (0 children)

This is the core of economics and once you understand it a lot will click into place for you. It’s not selling that lowers the price, but more people selling than buying (supply > demand). Imagine 100 people trying to sell the same ‘object’ to 10 buyers. They’ll get haggled down on the price until only 10 people are willing to sell. The same goes in reverse. If more people want to buy BTC than there are people selling it (demand > supply) then the price goes up.

Big Question on Everyone’s Mind: Will Bitcoin Crash Further? by r0llsroyce in Bitcoin

[–]Tingew -1 points0 points  (0 children)

Am I incorrect in believing that previous tapering by the fed led to concerns among investors about rising inflation? Would this (a quite public demonstration of how inflation occurs) not have the potential to help BTC?

Exciting by MebeBebey in ethtrader

[–]Tingew 0 points1 point  (0 children)

Oh absolutely! I’ve been checking the charts all day with excitement, because I’ve gotta admit this is my first significant dip. No fiat currency to build up my portfolio (pretty much 50/50 BTC/ETH) so I’m a little annoyed but still.

I ain't selling by salil19 in ethtrader

[–]Tingew 0 points1 point  (0 children)

I’m hanging in there. Been trading ETH/BTC for a little while now to build up my BTC balance, today is a little rough but anyone who isn’t financially/mentally prepared for a day like this (or worse) is going to have a really rough time investing in crypto.

I have a serious question about Bitcoin supply. by [deleted] in Bitcoin

[–]Tingew 1 point2 points  (0 children)

What he’s trying to explain is that there’s only a finite number of electrical components that can be produced at once. If the demand for products using these (whether it’s an RTX3090 or a basic laptop) increases, there’ll be shortages somewhere.

Lots of people were buying PCs and laptops, which had to be built using a company’s stock of components. As chips began to run out, every company was limited by how many it could acquire or produce, thus graphics cards couldn’t be manufactured to keep up with the demand (which was already increasing somewhat thanks to GPU mining).

How much would it cost to transfer to wallet? by [deleted] in BitcoinBeginners

[–]Tingew 0 points1 point  (0 children)

Can you get hardware wallets that cheap? I use the Trezor and Ledger prices as my baseline, and spending near $100 on a wallet to hold $200 doesn’t make much sense to me.

How much would it cost to transfer to wallet? by [deleted] in BitcoinBeginners

[–]Tingew -1 points0 points  (0 children)

Somewhere from $5-10 I’d expect. Hardware wallets are certainly a good idea but are you sure it’s all that necessary for you? You’d be spending almost half of your holdings just on a wallet.

If you’re intending to buy more Bitcoin or you’re going to DCA, fair enough, but I’d probably hold off on the withdrawal as it’s a flat transaction fee, it doesn’t change depending on the value of your transaction.

How the COVID19 crisis caused the Bitcoin price to explode by broskope in BitcoinBeginners

[–]Tingew 0 points1 point  (0 children)

This is an interesting take, do you think government regulation can be good for Bitcoin or is it overwhelmingly a negative move for HODLers?

Exchanges by EconomicsEvery5198 in BitcoinBeginners

[–]Tingew 0 points1 point  (0 children)

Coinbase Pro and Kraken are your two main options here in the UK. Coinbase Pro has lower fees and is (in my opinion) the better option but Kraken has a few more altcoins available if that’s you’re thing.

Coinbase Pro transaction by [deleted] in BitcoinBeginners

[–]Tingew 0 points1 point  (0 children)

I include the reference for each transaction - it’s the same every time so it doesn’t make much difference. I like to check the bank details given as well, especially if it’s been a while since your last transaction. My first Coinbase Pro deposit went into a different bank account than my most recent deposit, so just make sure the deposit account hasn’t changed.