you have to consider two things when looking at all these prices. 1. zoom out and look at a longer period of time instead of only checking the past 24 hours. in which case you can see that most of these altcoins had a serious dump in the past week or so and that is the main reason for their rise of that day 2. check if that altcoin is actually being pumped. for instance in case of ETH the 10-12% rise was because it was getting pumped using the fork hype which died off and ended soon.
|
|
|
Today is a good day to drop windows. There are plenty of nice alternatives, do not delay if you don't want nasty surprises, use Linux: https://distrowatch.com/Of course, as I explained elsewhere, your leisure activities and your money should be separate. So if you insist in keeping a "windows gaming computer", at least install Linux in another one and keep your serious stuff there. this is a very common misunderstanding that people think if they use Linux they will magically be safe. but that is not the case at all. the only difference between Windows and Linux that makes Linus safe r is that Linux is open source and when security holes are found in it, they are patched fast while Windows security holes take a long time to be patched and Microsoft usually leaves some backdoors intentionally. otherwise if you want to be safe to you have to use cold storage and it doesn't make much of a difference what OS you use for it then.
|
|
|
you are wrong.
first of all, whenever a pumping technique is used hundreds of times, it becomes useless as it loses its effectiveness. being listed on a new exchange hype is one of them that has lost its potency. but that doesn't mean it is completely ineffective. which brings us to the second point:
second of all you are missing the difference between a useless shitcoin being listed on some shittier exchange with a coin with a strong pumping team being listed on a strong game-changing exchange. for example you can't expect Analcoin being listed on Yobit to cause a pump in it just because listing another coin on Poloniex (2 years ago of course since polo is no longer a big exchange) led to a big pump.
|
|
|
you can not generalize these things and you surely can not make any of the statements you posted here. and i won't click on that click bait link for example when you say "Myth 1. Cryptocurrency is only used by scammers and criminals" it is not a myth and since you are saying "cryptocurrency" and not something specific that makes you wrong in claiming it is a myth. i can show you hundreds of pure scam cryptocurrencies that were created by criminals and were only used by criminals. and that is not even mentioning hundreds of ICO tokens that were hiding their money laundering in form of an ICO token!!! as for "Myth 2. There are no ‘real-world’ uses" again the same thing applies. for about 95% of the altcoins there is absolutely no real world uses. they are utterly useless! the remaining 5% consists of a handful of them out of 2200+ altcoins with bitcoin nearly holding all the real world use cases while the rest having some use cases.
|
|
|
ETCV on the other hand was not quickly detected, but its team was anonymous, which i feel is enough to suspect them of scam.
being anonymous is not a reason to suspect someone. suffice it to mention that Satoshi Nakamoto (the one who created bitcoin which is the start of all this) is still anonymous to this day. as for all these forks, it seems to me that certain people are trying so hard to both make money by doubling their coins and also at the same time try pumping ETH price. they didn't succeed at either so far which is one of the reasons why they are failing.
|
|
|
another nonsense article about price! each time there is a period like this when price becomes moderately stable all these yellow news sites start their bullshit factory to publish the most outrageous crap each day. you can't start to presume what traders "expect" from bitcoin's short term trend specially because the charts don't show anything. IF what CCN bullshit is claiming were true and traders were expecting downtrend then they would have been selling their bitcoins and selling was visible on the charts. and that clearly is not happening so CCN is talking out of their asses.
|
|
|
this is such an old news at this point. you are reposting links to a shitty site that doesn't have anything else to say other than repetition of the old nonsense that has been going on for a while now. the Indian banks started blocking people from using their accounts for trading bitcoin and getting involve with any cryptocurrency exchange and nothing in that front has changed ever since they started doing it somewhere early in 2017.
|
|
|
i disagree with that view. i don't see anybody switching over to a shitcoin from bitcoin specially a shitcoin such as bitcoincash. usually people with that view confuse investors (or more precisely the pump and dump participants) with people using these shitcoins and them having a "utility".
the biggest problem is that when you fork bitcoin you are basically copying bitcoin and you are copying all of its shortcomings too. so people will always have 2 choices: go with bitcoin which is the most secure and most known and used cryptocurrency which is the only properly decentralized one. or choose among thousands of altcoins one of which is BCH. and i don't see any legitimate company choosing BCH while there are better altcoins.
additionally in a way i think these forks are a good thing for bitcoin in the long run. why? because they are proving that copying bitcoin like this is not going to end well as each of them fail and fall like flies in the long run even if they get pumped for a while.
|
|
|
i doubt its a good thing if a billionaire is backing something, i dont think it will matter much anymore
I wonder why you said that. Isn't more money will a project to move much faster? I thought this was a good thing. It is a good thing as long as he holds his position. We need rich holders as we need poor ones. The only danger is he may create an enormous sell pressure if he decides to leave crypto. As long as he believes in crypto there is nothing to worry about. i think you guys are confusing what the news means. it is not saying someone (the billionaire) bought bitcoin or any cryptocurrency. it is saying that the person invested "money" in a "company" that is going to offer cryptocurrency related services (Bakkt which will have exchange options). so he didn't buy anything to want to sell it and create any kind of sell pressure on the market. He can still create sell pressure if he decides to dump his position on bakkt. Just like bitmain going bakrupt would affect bitcoin and other cryptos, he dumping his position would affect us greatly as well. These stuff are connected. Money leaving crypto companies > sell pressure on crypto Sometimes it won't be a direct hit as selling bitcoin right away on an exchange but it would still affect us, maybe slowly but it will. what you are talking about is "psychological" sell pressure and is more about manipulation of the market not a direct sell pressure as in when a whale actually sells real coins on the market. and they are completely different things. the "psychological" sell pressure can only be effective if the underlying reason is a big one. for example Bitmain that you mentioned is a big deal because it is the biggest ASIC provider, it owns the biggest mining pools which people also associate with having the biggest hashrate (which is partly wrong),... in short they are completely involved with bitcoin so their demise is going to affect bitcoin a lot. but Bakkt is not even yet started! it doesn't exist and it has no affiliated with bitcoin whatsoever YET. not to mention that this dude is not the only investor, Bakkt already has big names investing in it so that this one dude is lost among them. he is not even the biggest one...
|
|
|
you are too biased towards ICOs only because you are running a website that is focusing on them and you refuse to believe that their time in this market is over because it was not a legitimate way of raising money and nobody has ever used them to run a half decent project. all of them are taking money to release a code that they copied from someone else and call themselves a "company"! STOs are no different either, that is why despite all the advertisement by sites like you there is none that comes close to the hype of ICOs last year.
|
|
|
you never mentioned what do you want to choose these projects for?
are you looking for an investment? or are you looking for a technology that you can use that is different from bitcoin's implementation of the blockchain technology? or are you looking for a payment system which you can use? or are you looking for a platform that you could play around with smart contracts?
you see, depending on why you are looking for a "project" the answer can be very different. i am going to assume you have the same common reason like wanting to make profit. in which case it doesn't matter at all if the project is good or not, even if it is a scam or not. you only need to learn "trading" and also know how the pump and dump schemes work so that you can ride the waves.
|
|
|
it would be cool if you could write a short summary of the situation with bitcoin in Philippines from your own point of view. some suggestion topics to cover: - the government stance about bitcoin, do they consider it as a currency or a commodity or something else? how are the regulations? how are taxes? - the banks attitude towards bitcoin? are they happy and accepting bitcoin or are they blocking user's accounts who trade bitcoin or cause issues? - how is the adoption of bitcoin (the most important thing i am interested in is seeing shops as in offline/physical location shops that are accepting bitcoin)
|
|
|
i doubt its a good thing if a billionaire is backing something, i dont think it will matter much anymore
I wonder why you said that. Isn't more money will a project to move much faster? I thought this was a good thing. It is a good thing as long as he holds his position. We need rich holders as we need poor ones. The only danger is he may create an enormous sell pressure if he decides to leave crypto. As long as he believes in crypto there is nothing to worry about. i think you guys are confusing what the news means. it is not saying someone (the billionaire) bought bitcoin or any cryptocurrency. it is saying that the person invested "money" in a "company" that is going to offer cryptocurrency related services (Bakkt which will have exchange options). so he didn't buy anything to want to sell it and create any kind of sell pressure on the market.
|
|
|
you are only looking at things from your own point of view. obviously you would love it if you could get paid in something that didn't get dumped so that you could be sure that your payment is not going to lose its value the day it is sell-able.
but from the point of view of the payers (the employer) it is not a good thing because they would have to spend actual money to pay you whereas when they pay you in their own token, they are not spending ANYTHING at all since they created that token out of thin air without spending anything! so it is worth a lot more to them if they paid you in shit rather than paying you in real money (or anything with actual value like tether) where they have to buy it first.
|
|
|
This thread is about a year late.
it is never too late to right a wrong! everybody makes mistakes but only those who learn from those mistakes are going to end up being successful. in this case only bag holders who stopped wasting their time hanging on to a dumping altcoin are going to be able to recover the big losses they have sustained over the past year due to being on the wrong side of the altcoin pump and dump scheme.
|
|
|
bitcoin is THE plan B for me. it is not like i started with bitcoin and then moved one to other things. it was the other way around. it is always going to be a different "basket" for each person in each different country depending on the situation. it consists of stocks, bonds, precious metals and even real estate. then bitcoin was added and i increased the investment in it as much as i could.
as for altcoins which some people have been bag holding in the past year or so, i still find it a terrible idea because not only they don't perform well in the long run but also they are highly risky as investments because of their pump and dumps.
|
|
|
SEC are just playing us around since last year by giving us false hope about the approval of bitcoin ETF. That is why it once considered trigger the sharp fall. SEC will not approve ETF.
SEC did no such thing, you gave yourself false hope on your own! in fact their stance has been pretty clear in my opinion and if you read some of their statements after they reject each ETF you can see that their reasons have not changed at all which means they will continue to reject ETFs in the future too. the difference is that each time a bunch of people get hyped up for no reason although that is almost over now and there is nobody left to be hyped up anymore which is why we no longer see any drop when they reject them.
|
|
|
the problem is that unfortunately because of false advertising done by malicious people in addition to some idiots, now many think that the solution for 51% weakness in PoW is to switch to PoS while they all ignore the problems that PoS has!
the thing is, 51% attack is not a serious one for serious projects. look at your own examples. Vertcoin: practically a dead coin BTG: a useless fork coin with a gigantic premine and a filthy history of scams, malware distributed by the developers team,... ETC: the leftover of ETH hard fork that has been under attack by the ethereum foundation which has been spending millions of dollars from their premine free money. and it is pretty small and weak.
PoS is seriously flawed. for starters think about what it does. it simply is paying anyone who has the most amount of money! a rich person doesn't even have to do anything. he just sits around and receives profit. not to mention what this does to inflation and consequently the price.
what i am trying to say is that whether there are weaknesses in PoW or not, you shouldn't run to PoS just because it has been advertised.
|
|
|
a while ago i did some calculations to determine whether it is more profitable to buy some stake coin and then stake it and earn profit or is it more profitable to trade that coin and be active with different coins at the same time. i also considered the risks of each approach.
my conclusion is that Staking a coin can be profitable, specially for some coins that are pumping in a prolonged time (not just a one day pump and dump) and also if they give a good reward. but the risks of it is pretty high since the coin can get dumped hard and fast and getting out of the setup is costly and the biggest problem is that you can't be that active compared to trading. for example in trading if you see some shitcoin getting dumped you immediately sell and enter another shitcoin that is being pumped. the efficiency and the speed of this process is not even comparable to the slow speed of switching from a dumping POS coin to another one.
|
|
|
while it is possible that price sticks around in $3k-$4k range for a considerable time but i don't think it can last that long like half a year as OP suggests. right now the confidence is still low because of the manipulation and the fear that has created among investors who are waiting on the sideline to enter. but also we should consider the fact that the bear market lasted a very long time for no reason and the last drop was illogical as well since the real bottom was at $6k which was broken purely based on FUD and manipulation due to the BCASH scams.
|
|
|
|