8% rise is not something worthy of starting a topic over when we are talking about altcoins. specially when there are at least 5 other coins that have risen more than 100% in the past 24 hours and at least 50 other coins that have risen more than 8%.
bitcoin cash is not anything special it is just fluctuating and it is stuck in this price level. there is no pump coming for it if that's what you were assuming.
|
|
|
because majority of people around here who are so vocal about ethereum don't even use it. they only have a wallet on MEW in which they receive ICO crap which they waste their lives trying to dump. and most of them only keep their coins on exchanges so that they can dump as soon as it recovered and their losses were covered. it is just the hype and the dream of making money from its pumps, nothing more.
|
|
|
Thanks, wasnt aware I can just do it like that. On other paper wallets in the past ive been using generators specifically for that which would print it with a QR code etc.
In that case I can easily sort it out with Electrum, thanks mate. I am just really paranoid with these things about clicking on fake websites etc.
QR code is just another form of "representation". think of it as seeing the same word in different languages (English, French,...) this is the same. you see the private key in form of letters and numbers (base58) or in form of a set of dots on a square (QR). the wallets i mentioned usually have a way of generating QR too. so if that's what you are looking for you still can use the same wallets.
|
|
|
last time bitcoin went up, ethereum could barely get above $1000 and with all the struggles that it has been facing and also the fact that the demand for it is decreasing as the ICOs are no longer the hot topic, it can not go back up there like that so i don't have high hopes for it anymore.
|
|
|
I know fully I can just go google this but ... Can anyone please recommend a good place to get a paper wallet generator ?
you could have used google then asked here whether the thing you have found was legit or not in any case paper wallet is not something special. it is actually very simple. a paper wallet is your private key printed on a piece of paper! now all the wallets that allow you to export your private key can be used to create a paper wallet. for example use Electrum, bitcoin core, Armory, Multibit (although this is no longer being developed), .... and then create a new address. then export its private key and print it on a piece of paper. do all of this offline on a clean computer and you got yourself a paper wallet. there are also tools such as bitaddress.org that are created for this purpose only. you can go to the website download the source from github, go to an offline clean computer and generate a new private key and print that.
|
|
|
Why would you sell now? The market doesn't seem to be dipping. Even if it is, there eventually will be a recovery and this is when you can sell your coins. I personally set a realistic goal for every coin I hold (not like 10 or 100x like many do) and wait until it reaches it even if it takes a few months. Then I sell.
as a real investor seeking profit you never want to stand in one place for a long time without any profit and with the possibility of a big drop and a big loss. as a real investor you cash out from altcoins that are not performing well enough and move your funds to those that do. this way you maximize your profit.
|
|
|
"do I continue with crypto or just quit?"
nobody can answer this question for you but you! it is all up to you to take a look at yourself and see if you have the ability to make it in this market or not. not everyone can do it and there is no shame in that. but you have to be honest with yourself and not be greedy. have you been investing based on your own solid analysis or were you blindly following what others do or tell you to do?
|
|
|
it is called accumulation ( https://www.investopedia.com/terms/a/accumulation.asp). and right now the wise money is buying up bitcoin and literary accumulating more bitcoin in their pockets while keeping the price low near $9000 and preventing the rise from breaking out for the time being. as they run out of money to buy bitcoin the pressure will be lifted and the "lift off" will start.
|
|
|
that is a maybe at best. and that with a very low chance of happening.
the world of altcoins is changing fast and ICOs are no longer the center or attention nor are they as hot as before. and the livelihood and the pumps of ETH are tightly connected to ICOs and their survival. additionally there are a lot of competitors to Ether and its smart contracts (ICOs) which have been performing unexpectedly well and can easily replace it as the go-to for ICO creators.
|
|
|
there are different forms of investments. one form is to invest in a business like a farm or a company and make profit from their products and the other form is investing in new technologies with great future that can make you the pioneers or early adopters in that technology. bitcoin is the later and it is a a great investment in that sense because it ha a lot of potential and it is the new technology that is changing the world.
|
|
|
USD EUR conversion rate is 0.83 right now according to google. if someone approached you on the streets and said he is going to give you a good deal on his EUR with a nice discount will you do the trade with him on the street? (assuming you have a way of telling the EUR is not fake).
|
|
|
BTC may not recover, but instead money will flow back to the superior, original bitcoin, Bitcoin Cash. Buy bitcoins now for under $400 again! Watch for the BCC related conference coming up this week. Huge things ahead! Don't be in the dark on these developments!
It was posted when BCH is pumping but now we can tell this is all lie . When BTC totally died I believed the altcoins will die too . No one can replace BTC as this is the first ever digital currencies . it doesn't matter how many times the history proves people like the starter of this topic wrong, they still make their silly statements. whenever bitcoin price goes even smallest amount lower, the altcoins drop hard and fast this only shows how they are all depending on bitcoin's existence and health to even be pumped.
|
|
|
the first thing you need to clarify is what is a dip really?
usually people think that just because price is lower than price of an hour, a day, a week,... ago that means it should be a "dip". but the "being lower now" is not enough to call that price a dip. it is a drop not a dip where you want to buy in it. a dip which you are looking for to make a purchase is when price has dropped enough to be considered near the bottom and when you don't expect any more drop from it. otherwise you are buying during the drop and will lose money as the drop continues. you also prefer to buy before the reversal. sometimes the dips last long because of the huge dump and also because there needs to be an accumulation so it is wise to wait and watch the signs of accumulation.
|
|
|
technically speaking value is based on supply and demand and since altcoins usually have ridiculously huge supplies but no use cases that can create any demand for them, they are all considered overvalued.
but in a manipulated market where prices go up and down based on pumps and dumps respectively the value has a slightly different meaning when it comes to short term. it is based on how much money is being injected in said altcoin and that comes from their hypes and the pumping team and possibly other teams behind it. and it can be noticed based on the volume drops and the media hype drops.
|
|
|
drawing one line on only one part of a bigger chart doesn't show anything! you are just manipulating yourself into believing that there is a down-trend going on by doing that!
the fact is that the downtrend stopped nearly a month ago and it has been on reversal ever since. we can even say bitcoin is currently getting ready for the next series of bull runs with a new ATH on the horizon.
|
|
|
Is there any hope that Bitcoin users and governments will find the common language and help Bitcoin together to be more accepted in economy, especialy by businesses and to become more "legal" everywhere?
it was already achieved in some countries and it is starting in others too. for example Japan, Australia, Korea, Germany, Venezuela, and a lot more countries have already adopted bitcoin with open arms. the number of countries that are still defiant to bitcoin is so little and the people in those countries are already doing whatever they want because they are realizing that bitcoin is decentralized and the government can not have a say in it. eventually bitcoin will be accepted all around the world just like any other currency such as US dollar is.
|
|
|
that is the problem with the altcoin market, don't you think? the technology is open source and free for anyone to use. unfortunately these days this usage means copying other people's works and changing the name only. which is why so many similar coins exist out there and none of them are doing anything but being traded on exchanges!
this is also the reason for the expert not having any faith in the altcoins and only focus their real attention on bitcoin and use altcoins for speculation only.
|
|
|
this is somewhat a sad thing though. but it is expected since the altcoins are not really currencies despite what their name suggests. so it is only logical to consider them as property, commodity, security,... instead of considering them as a currency. bitcoin is a whole different story though. even in Japan they only accepted bitcoin as a currency not the altcoins.
|
|
|
centralized and decentralized market both have their own advantages and disadvantages. for example the most common disadvantage of a centralized market is that you are trusting your funds with a third party that can scam you at any moment. we have already seen it in many exchange cases where they ran away. but the advantage is that you are on the platform so everything is fast and happens as you click so you can buy/sell with just one click and have it completed but this option is a bit harder in decentralized exchanges and also in there you can't exchange fiat because fiat demands centralization.
|
|
|
thank you this was hilarious this also shows that a lot of people who think they are involved with cryptocurrencies are bag holding a lot of useless junk such as ICOs and lots of useless tokens that they can't even sell most of them since they are not even listed on any exchanges or have such low prices.
|
|
|
|