The answer is, yes people are ignorant. A brand new business with a catchy sounding idea with 1 dev who can say the technical mumbo jumbo and all of a sudden you have a $100million business. It's kind of a joke really, but newbies want to be an "early investor" so they go for something new. The thing that people don't want to think about is the fact that 90% of these are vaporware that will fail miserably in the end.
It's just mind boggling, I'm sitting here spending days and days for my financial projections, spending oodles of money on my whitepapers, pitch decks, business plans, projections, making sure every penny is accounted for, coins get burned, no one can hack or steal and my investors are all solid and while I study the top ICO's these guys did none of that and have 300M market caps - massive face palm. I mean look, it makes it easier for legit guys like me because hopefully when my ICO drops people will see the solidity (see what I did there lol) behind it. We can't be this ignorant, we need further education on a financial level being provided to these young guys buying whatever coin that hits the market - but I guess this is the age of hungry, get rich quick schemes. Well I guess we already have some newbies getting screwed so far. Bitconnect was a big (obvious) scam, yet so many newbies fell for the Ponzi. I guess at some point people will be educated. This happens every couple years. A big surge of new people then a big surge of scams. Everyone should be up to speed soon I guess. It's getting to be that time again.
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Russian central bank just legalized all cryptocurrencies. They will even make several citiea offshore zones where minnimg will be tax free
Can you link the source? Or provide us with where have you got this information from? I've seen talks about Russian bank, if I am not mistaken, is looking into building European crypto exchange but haven't heard anything about legalization, this is hard for me to believe you tbh. Yeah unless there is a credible source this is just completely made up. It's not like they're an accepting country to cryptos so why the change of heart out of nowhere? And I highly doubt they made a blanket statement that all cryptos are legal and good to go.
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The answer is, yes people are ignorant. A brand new business with a catchy sounding idea with 1 dev who can say the technical mumbo jumbo and all of a sudden you have a $100million business. It's kind of a joke really, but newbies want to be an "early investor" so they go for something new. The thing that people don't want to think about is the fact that 90% of these are vaporware that will fail miserably in the end.
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Ugh discord group? This just sounds like a terrible idea. If someone needs to use an escrow they'll just send them a DM. Why try and change something that's already working? We have trusted escrows here and having to reach out on discord will only cause scams and screw ups. I know any escrow will feel the same so I think you're just wasting time. I don't get what you would ever get out of this either.
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People watch the price of Bitcoin every 5 minutes? They think of selling on 5 minute intervals? Holy shit they must be newbs lol wtf. I don't have time for that crap. OMG IT DROPPED 10% SHOULD I SELL?! Nope. You shouldn't. Believe me, I speak from experience. The best time to sell is when we hit ATHs. If you don't sell at a new ATH you're screwing up your future, actually selling at an ATH can still screw up your future. I sold a little bit for personal reasons at 5k and I'm still pissed that I never had a chance to buy it back. If we go back to 5k at least I can justify getting those coins back, if not I'll just enjoy the ride. Don't waste your time checking in the short term. Long term we're going steady. Look at that 5 year or 1 year chart and drool. OMG it's so sexy.
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I'll give you 500 Satoshis and a half drank can of pop. Oh no wait, I just drank the rest. Will you accept this for your random token/non token contract of a ponzi scheme? This is a limited time offer. 1 hour from now it's 250 Satoshis, an hour from that it's 125 Satoshis and so forth. If in 24h you don't take the deal, it's gone forever though.
Good luck on getting $1000 out of your PONZI! Maybe google "cloud mining" next time, BEFORE you "invest".
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Did you look back over the 2 year chart? How about 1 year? 6 months? Yeah, you'll see this pattern a lot. The thing is, there are SO many HUGE names out there that support crypto that even the dumbass sheep that don't understand it are now coming to crypto as a safe haven asset. Omg the Winklevoss twins are billionaires because of Bitcoin? I'm in! Durp. Anyway, it works out for us, but at the same time we'll continue to see MAJOR swings because of that HUGE pump that we saw. That was a little nuts, with people just throwing money at anything and having it double. No worries, only down 60% from the ATH. You can't kill Bitcoin that easily.
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...I'm not sure what you mean OP. If you take Bitcoin and put the private key on a magnetic strip, where are you supposed to be able to spend that? Or is this meant to use the lightning network once it's fully functional and ready to go? I'm all for a Bitcoin pre-paid debit card dealio, but it's harder to do than it sounds.
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Works every time right? Like come on. At what point do you not think, well China is "banning Bitcoin" for the 5th time... Then "someone" pumps them up again... Hm.. Could it be... THE CHINESE?! Omg, I just love that there was so much FUD that we dropped about 60% from the ATH. I can earn some more and know that we're going to bounce back in a couple of weeks. Even if this is where we stay or if we drop by another 90% I'm still up huge. HODLing till the bitter end. You can't get my crypto gubbermint.
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It gots to be a reason behind this. They look like a legit team. Yeah from a quick glance it looks legit and they have some good tech. The thing is, they really don't need to tell anyone why they moved the tokens so.... If this gets to be big they may want to explain it to the public. Something obviously made them send 20Mil tokens out so something had to have caused that.
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Yeah, it's the biggest scam after Onecoin. If you are smart enough then you will know that Bitcoinnect is a Ponzi scheme, anyone who thinks otherwise is wrong. because one percent of daily profit is too good to be true even in crypto space since the risk of cryptocurrency trading is higher than the stock trading. In my opinion, the team behind Bitcoinnect is very bad because it will soon launch ICO to scam investors once again.
Although it looks like a scam since it started.. so many people lend their money like a blind. Those who promise you to ROI 365% yearly in $ - are scammers. It simple but useful formula. And you should think twice when they talk about 7-levels referral program. I agree with your sensible cums. I mean, I agree with you. In the future, more BitConnect like will come out and people have to be on the alert. Thanks for that shitpost. I hope you didn't pay too much for your account, since you've now ruined it. Oh no wait, you didn't buy it right? You just forgot how to speak English? Time to purge all your 2013 posts before people see that you used to know how to speak English! OMG! Well OP, you got your answer and you got it with fireworks. Poor Carlos. He'll never be in crypto again... What a shame. WUSU WUSU WUSU WUSUUUUUP?!?!?!?!?! https://www.youtube.com/watch?v=vhyAREaWfyU
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So why does moving ZIL = scam project and the team is dumping? If they dumped, who owns the ZIL now? I mean clearly this doesn't look good, but there could also be a very reasonable explanation. I don't know anything about the project so who knows, if other things look sketchy then it's probably a scam.
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Ah those sketchy assholes. You know why they're getting rid of all of these right? They're trying to accept USD, so they need to abide by the US rulings, and the SEC won't allow anything that has a dividend. What a kick in the pants to all the loyal users. I hope something better comes along soon. I don't want to have to use an exchange that needs to delist everything because their banking partner decides they don't like the coins listed.
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I don't even get your OP. Did you maybe want to elaborate if you think this is a genuine good idea? So I purchase ETH, am I supposed to send it directly to an ICO you say? From an exchange? That's the opposite of what you should do. How does what you're saying here help to not get scammed by a sketchy ICO?
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You send first and after 6 confirmations we can do this trade Seriously OP, why bother? That was some terrible FUD right there. You didn't even shill an alt, are we supposed to believe that you're a EUR shill? Is there even such a thing?
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India ban FUD, China banning mining FUD, Korean "crackdown" FUD, the list goes on and on. Basically, just the usual but lots of things happened all at once. This is going to happen more in the future because if everyone loves Bitcoin, people are all for it but if every else hates it or is trying to ban it, the sheep will always follow. This was their one chance to not rely on governments for money, but a lot of newbies are trying to earn more funny money. It's too bad, but what can you do. I didn't lose any Bitcoin because I didn't sell any..
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Don't know, don't care. 1 bitcoin is always worth 1 bitcoin. You couldn't get me back to fiat if you tried. I'm not going to risk losing my position in bitcoin for some silly little 60% correction lol. Who cares. We don't need to see massive gains every year in order to be successful.
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The solution to overcome the redness is everyone have to hold their coins and don't care about the FUDs which are the main reason for the price fall.I hope the condition will become normal soon.
Hahaha yeah but dumbasses, daytraders and newbies won't hold. They're in it to earn more fiat and don't have a clue about the technology that they're investing in. That's the biggest issue we need to overcome, teaching the newbies that they do t need to go back go fiat. Ever.
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I think it's going to take a hell of a lot more FUD to kill something that's worth $8000± a piece and there's a supply of under 20 million of them going around. My God we have the halving coming up in 2020 and even less Bitcoins are going to be created. At some point we'll see less volatility but not this early on. Any little news here and there triggers massive buys then massive sells.
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Why would a day like valentines day ever affect the price at all? That makes no sense. Do you think Ripple will crash on St. Patricks day? Will Cardano moon on Chinese new year? Oh yeah bud, 100% for sure. I did tons of research, and all signs point to yes. This isn't just a feeling it's confirmed right here:
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