Giannis Antetokounmpo was unbelievable in his game against the Toronto Raptors. And I don't agree when you say that the Toronto defense was weak. You may not agree with me, but in my opinion the Toronto point guards saved a lot of points for their team. It was the combination of Giannis Antetokounmpo and Ersan Ilyasova which did the trick.

Anyway.. Sunday's game should be interesting.... can they make it 3-0?

Well... I agree. Once the reputation is destroyed, it is very difficult to get it repaired. We had far too many scam ICOs during the past one and half years. I am not denying the fact that there were quite a few successful ones as well, but when people lose big amounts, the news spread like wildfire. And now the investors have vanished almost completely. Even good projects are struggling to attract investment.

The success rate of the bounty campaigns have reduced over the course of time, but if you have some free time then even now it is not a bad idea to take part in a few bounties. Most of the signature bounties ask for no more than 10 or 15 posts per week, which in my opinion should not take more than 2 hours to complete. So my advice is to go for it, without expecting any rewards.

Not a big fan of this token, as it went down even during the bull run. I read the whitepaper for this project and found it interesting. But the fact that the token is going down in value may mean the promoters not honoring the commitments or some other negative factor. And one thing I have noticed is the sudden spurt in trade volumes between 10th May and 15th May. It is possible that some manipulation is going on.

The vast majority of the alts are useless and there is no doubt regarding it. But at the same time, there are a lot of alts which are useful. For example, Monero is an altcoin which gives the user complete anonymity. Cardano is an altcoin which is technologically more advanced than Bitcoin. There are so many examples. So can't say that all of them are not useful for us.

And what happened after the 2017 bull run? I am sure that the tokens you are talking about became worthless. I made the same mistake with some of the tokens in 2017 (especially the Traxia tokens, which I received from a bounty campaign). I held them hoping for more and in the end the prices crashed by around 98%. Even now I have those tokens in my wallet.

The OP is absolutely right. I am someone who held onto my coins when the prices were really high, due to my greed. And in the end, when I faced with an acute shortage of funds, I had to sell my coins at very low prices. This happened not once, but twice. So now I have learnt my lesson and have set up different targets at which I will sell some of my coins.

Are you joking? It is the responsibility of the law enforcement to make sure that guns and narcotics doesn't enter Canada. And the crypto-community has nothing to do with it. If the cops admit that they are incapable of doing that, then they should entrust that responsibility to some third party. Bitcoin community is already doing its best to prevent the misuse of the coins for criminal activity.

In order to achieve that level in 2040 or later, we need to make sure that Bitcoin survives for that long. And I am not very sure about that. Many of the technological innovations have short life-span, and usually amounts to 10 years or less. But Bitcoin has survived against all odds since 2009, so I am quite optimistic about its chances.

There are a few basic precautions, that you need to take. I would list them down, in the order of importance:

1. Never store any of your coins in the exchanges. There are no exchanges out there which are 100% reliable, as seen from the recent scandals at Wex, Cryptopia and Binance.
2. Always take control of the private key to your coins.
3. Make sure that the computer you use is free from spyware, keyloggers and trojans
4. Activate 2FA in your wallet
5. Take special care not to click on phishing links.

Thank you so much for your kind words.

They were really innovative. To confirm what I read in the online reviews, I browsed a few questions in Quora. Even there, they have made some fake answers. It wasn't the fake reviews in crypo-sites, but the answers in Quora which fooled me.


I know that. I am not even trying to recover my money. It's gone and if I go after them, then I will lose even more money.


I don't deny that I was careless about this. Learnt a very important lesson. Never get complacent and never ever trust anyone in the crypto-world.

That may be true, but at the same time, this crazy volatility is going to drive away a lot of the mainstream investors. I was checking the graphs from Bitstamp, and I noticed a sharp 25% drop in just 1 hour. Although the markets have recovered by quite a bit after that, this sort of volatility can harm the image of Bitcoin. Also, I think that the duration of the correction was too small to shrug off the non-serious investors. So in the future also, we can expect a lot of volatility (at least for the remainder of this year).

Ethereum is still a long way away from the ATH achieved during 2017. And currently there are several factors which are hindering its growth. The most important one is obviously the downturn in the ICO market. The second one is the robbery of Ethereum and tokens from exchanges such as Crypopia. Even prior to the hacking, there were complaints about the safety of Ethereum wallets and their susceptibility to hacks. The latest incidents will give more fuel to its competitors, such as NEO, Stratis, Lisk and Waves.

That's true. Earlier, most of the users considered signature campaigns which made payments in BTC as their first preference. There were campaigns such as Prime Dice, where hundreds of users could participate. But many of these signature campaigns closed down and the remaining ones limited the participation to 20 or 30 users each.

So obviously these users shifted their attention to bounty campaigns. Initially (2017 and first half of 2018) there were some good bounty signature campaigns, which used to pay as much as $1,000 to $5,000 as the reward. But as the number of users increased, scamming also increased. And as a result the reward per user went down heavily. Now you can consider yourselves lucky, if you are able to get $25 from a single campaign.

Who told you that Mt Gox has returned the coins to its users? Five years have passed since the robbery, and none of the victims have got any of their coins back. Last month, there was a statement given by one of the bankruptcy trustees, saying that it is going to take another two to five years.

The funds are currently being kept by the Mt. Gox bankruptcy trust. And as per reliable sources, this amounts to some $630 million worth of fiat currency and around 150,000 BTC worth of cryptocurrency.

From what I have seen in 2017, the new users tend to invest in worthless shitcoins. Few of them study the coin in which they want to make the investment, and make the moves just based on unconfirmed and baseless rumors. And they were the main drivers behind the astonishing rise of many altcoins in 2017. I don't know whether this will repeat in 2019 or not, but there was a sharp decline in Bitcoin dominance two days back. For now, this trend seems to have stopped, but it might resume once Bitcoin gets more mainstream media coverage.

I really doubt that. The stolen coins (especially ETH and the tokens) are being tracked now and the hacker won't be able to cash them out any time soon. At the same time, the investigation is ongoing and the details of every transaction ever made on Cryptopia is being analyzed. If the Cryptopia admins wanted to close down their exchange, then this was not the most intelligent option for them. The evidence also points otherwise. It looks as if the hack was done by organized criminal groups from Eastern Europe (Cryptopia is based in New Zealand).

Rather than saying that "not all the bounty projects are successful", you should change the statement to "very few of the bounties are successful". Because in 2017, around 50% to 60% of the bounty campaigns used to be successful. Nowadays, somewhere between 80% and 90% of the bounties never pay the rewards as promised. Even among the remaining 10% to 20%, most of the time the tokens are never listed in the exchanges. If you are taking part in 10 bounty campaigns, then you can expect good rewards from 1.

Well... there were other options, but they were neither reliable nor rewarding. During 2012/13, I had tried my luck with crypto-stocks and bonds. But in the end I lost my capital on them. Litecoinglobal (and its BTC equivalent BTCT.co) was quite popular back then. But I remember them closing down abruptly. A lot of the users lost money by investing in those stocks. Even now there are a lot of crypto stock exchanges, but the volumes are very low (when compared to 2012/13), and the user-base has also declined.

I read somewhere that the lowest point reached in Bitstamp was $6,200 per coin, which represents a 25% decline from the price we had one day back. Anyway, the correction gave users who missed out earlier another chance to accumulate Bitcoin and the altcoins. I really doubt whether they will get another chance to purchase BTC at such low levels.

Now the markets are stabilizing at somewhere between $7,200 and $7,300 per coin. I was expecting 10K by the end of this month, but it looks very difficult now. Now my renewed target is 10K by the end of this year.