don't be hasty

this may be the start of a big red market all depending on what bitcoin is going to do next.
- if bitcoin drops, everything else will drop.
- if bitcoin stays there and get stuck at this price level or in case it has some very slow rise you can expect a lot of pumps in the altcoin market.
- if bitcoin starts rallying and rises back up big going over $10k for example until end of this month then you should expect another big red wave all around the altcoin market as everyone dumps their altcoins to join the bitcoin rally.

a reason is really not necessary for some token to go up. it is simply the market dynamics and in other words it was this token's turn to get pumped hard and it did. then there will be another ones turn to get pumped and another and so on.


the fail was not about you selling it, your fail was in not buying back when you saw the rise!

first of all "to survive" for a decentralized currency like bitcoin doesn't mean government approval. it only needs users to adopt it and that is happening with or without government approval and regulations.
secondly grouping countries like this is overlooking a lot of groups. for example regulations are a wive range of rules. some countries have more friendly approach some are in the middle, some are restrictive and some are extremely restrictive. nearly all countries fall under this category with only 2 or 3 countries out of 45-50 countries that banned bitcoin for real.

it was never not-halal to begin with.
there was some FUD flying around trying to convince people that it is not and scare them away from bitcoin but the fact is there is a lot of investors coming from Muslim countries and i have even heard of new cryptocurrencies being created by their central banks.
google "Iran Post Bank cryptocurrency" and you should find the news. they have even been inviting experts to join their team and help developing the coin.

getting pumped is not at all the same as "gaining a lot of ground".
getting pumped is a temporary state where altcions enter whenever there is some hype surrounding them, there are whales and insiders who first buy it at the bottom, then the rest of good traders who see the signs who will get in and  finally as the price goes up the rest come in and the last group are the newbies who always get in too late and buy at the peak just to lose a lot of money as the whales start dumping on them.

this process has nothing to do with gaining grounds...

you know what, the important thing to know is that It Happens! you don't really need to know the reason only to be aware that this relationship exists.

with that in mind, next time you see bitcoin rising or dropping you need to rethink your while altcoin investment before it is too late and you are in a big loss.

when bitcoin price is stable there is no way to make a profit from trading bitcoin in short term. you can buy and accumulate bitcoin at that price but you can't make a profit in short term from doing so.

this little fact means traders switch to altcoin market to make profit. they pump the altcoins they see fit (usually low priced altcoins) to take advantage of bitcoin's stability, make a lot of profit then go back to bitcoin with that profit.

you are undermining the governments and think they are children with the brain capacity of an infant! because that is the only way that a government would consider bitcoin a threat just because an scam happened for a small group of people who have been getting scammed all their lives because they are idiots.

a better suggestion would be not to confuse fluctuations with pump and dump.
don't be afraid this is the most common mistake people have been making for as long as altcoins existed and that is also how pump and dumpers are making profit.
when we have fluctuations and true potential (like in bitcoin) the changes are nothing to be afraid of but instead a good opportunity to buy. but when we have fluctuations in a manipulated market which was pumped then the drop is a signal to sell and stay away.

altcoins won't die because there will always be newbies coming in bitcoin and they want to invest their bitcoins in something to get profit and also they will always be subjected to advertisement of altcoins full of lies that will fool them into investing in them and keeping them alive.

type of the demand is important not the demand on its own. and the type that altcoins have is purely for speculation and nothing else.

first thing you need to learn is not to bag hold altcoins that are pump and dumps and also more importantly you should learn when to buy these pump and dump altcoins and when to sell them to prevent huge losses.

for example in case of Dash, you bought it last year when it was already pumped and in its bubble. that means you only had one rout ahead of you, the rout of getting dumped on.
what you needed to do wast to buy it before it got pumped and dumped it before it got dumped. the timing in this case is very important. and that can only be learned with time and experience.

as soon as you make a deposit on an exchange you are no longer safe! it is not about leaving it there for long, it is the very second your deposit is confirmed and it becomes irreversible.
the exchange is holding and controlling your money then and they can decide to scam you and run away or you get hacked and lose and a lot of other stuff happening.

this is one of the risks of trading.

first of all what would be the benefit of something like that for the company to offer their shares as a blockchain token specially since tokens means relying on another platform that can easily burn to the ground and disappear overnight?!!!

secondly why would something like that even remotely relate to bitcoin which is a currency and affect it let alone destroy it?!!!

with the way they are dumping ETH, i have to admit $200 seems easily possible! although we should not forget that ethereum is centralized and the ethereum foundation is staring to fear for their future so they may soon start to pour a lot of money into this coin even if it means burning it all and wasting the money to prevent the huge crash that is awaiting it.

if you already don't know whether bitcoin has the potential of growth in the future or not, you will never know it whether i tell you or not. so the answer is yes, sell out and stay out of bitcoin even if it became a hard thing to do in the future.

yes it is dead now. get out, run for your life... faster... faster...


oh look another new shitty website is created by some random guy who is looking to earn money by redirecting traffic to his crappy website

the price of an ICO token is not getting dumped because they paid their users in their token so it won't change anything if they paid them in anything else. even if they paid then in USD the price of their token would have still gotten dumped hard because they are useless, and people dump something that is useless and will hold on to what is useful or if they think it has a good future ahead. nobody sees that for any ICO token so they (the majority anyways) dump it.

i have a question for you which may help answer your question here also.
you don't have to actually answer it but it is a good thing to think about a little.

from all these ICOs that you mentioned in different fields that have already happened, some of which a long time ago, which one of them do you know that actually did something after a while, like a couple of months, after their ICO ended?
did everything end after the ICO fund raising or did they do something in the world with the money they received? where are the results?

when you are talking about cryptocurrencies, "safe investment" doesn't exactly exist. even bitcoin (which is the safest among all of them by far) is not safe. and when it comes to altcoins it becomes even less safe to invest in them.
in case of ETH because of the bubble and also the situation with ICOs (the only demand for ETH) i would say the risks are high.

if anybody said just because of limited supply price will rise, then they were making a mistake. but my guess is that you misunderstood them or probably read half of their statement!

the reality is that there is another part: demand.
with increasing demand while having a limited supply price will rise and that is what will happen to bitcoin.


potato is not a useless thing. it is useful so if the supply of it dropped, the price of it will grow. that is basic economy, ask anyone!

let me give you a real live example to help you understand.
during wars, like world war, nobody cares about cars. what they are desperate about is food, and potato actually becomes important and expensive. you may even exchange your luxury car with a sack of potato when you are dying of hunger because the supply of potato and food in general during war is extremely low.