This is the problem. The developers behind 99.99% of these currencies want to exploit the success of Bitcoin. If you look at the new coins, you can see that very few of them are having solid basics. All the devs want is to get a fat paycheck for themselves and their friends. Don't fall in to their trap.

I no longer do BTC-alt trading. In the past, however I have tried my luck in it. I was doing BTC-LTC trading in BTC-e, and initially I was able to get good returns. But one bad day wiped out all the previous profits and put me in deep red. Stopped trading after that.

My personal opinion is that holding Bitcoin is more profitable than altcoin trading. I have tried altcoin trading quite a few times. But I wasn't very successful in it. There are a few people who I know, who got good returns from trading. But I have now realized that it is not meant for people like me.

Nothing can be said for sure. When the news about the exchange shutdown first came out, even I was thinking that it was fake news. But I realized that it is true, when some of the exchanges started announcing dates for their closure. And some of the other exchanges suspended the CNY-BTC trade, under directives from the government authorities.

Hi... I didn't received payment for this month. Could you please tell me why?

Denunciation feature was supposed to protect the buyers against fraudulent merchants, but nowadays a lot of users are misusing it. Perhaps PayPal must look in to this issue and limit its usage. And regarding Bitcoin, please don't think that it is 100% anonymous. Because it is not. If you want to use a 100% anonymous currency, then go for Blackbytes, Monero or Deeponion.

And how many of these airdrops are available for noob members? Either you need a Twitter / Facebook account with a minimum of 100 followers, or you need a Bitcointalk account with a minimum rank of "Member". If you don't have these, then you can't participate in most of the airdrop campaigns. I have never seen an airdrop, which is open to newbies.

Actually this dip shows the strength of Bitcoin. Despite so much FUD from China, the exchange rate remains above $4,000 per coin. The market bears will be disappointed. The next major chance for them can occur in November, when the 2MB block size limit needs to be implemented. But if it proceeds without any major issues, then we can expect 10K very soon!

He understands the importance of crypto-currency. But he is not that stupid to support it. He is fully aware that Bitcoin can emerge as a competitor for the big bankers. So he is engaging in negative propaganda campaigns, in order to scare normal people away from Bitcoin. These bankers want to take your money and make the investment on your behalf (but they will chose which asset to invest).

Seriously? Are you nuts? What you are going to do, if the exchange close down before you could transfer your coins to your personal wallet? That is the reason why the exchange rates are low in OKCoin and Houbi. Do you think that the other users are complete idiots?

I have checked the order books in most of the exchanges. There is a lot of selling pressure, but at the same time, the demand also remains quite high. That means that the investors are quite optimistic about the future prices, and are accumulating the coins on major dips.

Actually this shows the resilience of Bitcoin. The demand is so great that even corrections are getting watered down now. The recovery in prices is made in a matter of few days, compared to many months earlier.

It is an irony isn't it. Except the billionaires, everyone want to become super-rich. But once the individual becomes super-rich, he gets tired of it and he donates all his money to charity (examples are Warren Buffet and Bill Gates).

Even if they invest, how we will come to know? Most of the Bitcoin exchanges never share their user data with anyone, and BTC-e even refused to share their user data with the government authorities. Most of the billionaires may be having Bitcoin in their portfolio already. It is just that we are unaware of their purchases (except for a few well known cases).

Know what? I tried my bit in 2014. One of my relatives invested $10,000 in Bitcoin, after I managed to convince him about the benefits of the digital currency. But nothing worked as per the plan, and he booked losses and exited in 2016, when the exchange rate was around $250 per coin. I got a lot of flak for his losses. But if he had held on to his investment, then he could have got 400% returns.

But then, it needs to be seen whether this 40% is united or not. If there is no consensus between the various pools, how they are going to launch a coordinated attack? And my guess is that at least some of the pools are not in speaking terms with each other. But then, it will be a different game if the Chinese government orders the pools to do something.

No. I don't think that it will be a good thing if the Chinese dump Bitcoin. The market in China is very promising, and it constitute somewhere between 10% and 20% of the global crypto-volumes. If the Chinese stop using Bitcoin, then the exchange rates will be negatively affected. But more than Bitcoin, the altcoins such as Ethereum and Dash will face more trouble, as China constitutes for a lot of users for these currencies.

Competition is always better. I just hope that they behave in a competitive manner by not wasting the block size. I get mad when I see miners like Antpool regularly using only 200 KB or 300 KB in the blocks which they mine. They need to include the low-fee transactions as well, rather than excluding all the transactions below a certain threshold.

Even in early 2013, there were a lot of users here who were giving out coins for free. And back then, the faucets were also giving out huge amount of coins every day. But in mid-2013, the exchange rates hit $100 per coin for the first time, and these handouts stopped. And once the peak price of $1,200+ was reached in 2013 December, the faucet payout dropped to extremely small amounts.

I don't think that any of the altcoins can survive without the existence of Bitcoin. Even now, almost 90% of the altcoin trade volumes are against the BTC. And their exchange rates are also normally quoted with respect to Bitcoin. IMO, the only altcoins which are having a chance to survive without the existence of Bitcoin are Monero and Byteball.