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First of all 10-20 coins is too much. I would advice to take around 5 coins. Concider the amount that you will be able to track an check the news. The amount of money needed to be rich is pretty relative. For someone it is enough 50k$ but for another people even 50mln$ is not enough. The starting amount can be easily calculated. If you are skilled / naive enough to think that you will make x50 of your portfolio then your 1k will become 50k which is still not that much. It is not that easy to get rich.
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Those guys claim that they are already discussing listings with Poloniex, HitBTC, Binance, and Livecoin. If they succeed at least with one of those exchange the chances will be high (but remember that listing is not guaranteed yet). But imho even with a decent listing they won't "moon". They have 100 mln supply of 0.25-0.29$ tokens which is pretty much for a project of this size. Another interesting thing is that they say they gona accept PayPal during the ICO. I remember that PP had a lot of restrictions about cryptocurrencies and it has been locking accounts like crazy.
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I would never trust my money neither to robinhood nor to cobinhood. The original Robin Hood has been taking money from rich people and giving it away to the poor ones which makes me feel a hidden meaning in the name of the project. That will be funny if this project will decide to scam its followers one day or it just get "hacked". The fact that there exist a similar project with a similar name makes it look suspicious. P.S. You should move this thread to the service discussion board: https://bitcointalk.org/index.php?board=85.0 |
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Personaly I dodn't get the point of this coin. As it stated on the website it is a memecoin and it have to somehow revolutionize the memcoin market. Dogecoin for example had doges that are attractive by default but there is nothing interesting here. Garlicoin only have Reddit and Slack (no bitcointalk and no telegram is a bad sign). IMO there is a high chance that this coin won't be noticed by the community and its volume will get down to 0. |
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It mostly depends on the particular coin that you need. Bitcoin is the most liquid one so the easiest way is just to fund your Bitfinex account with fiat and then buy an altcoin for it. On Bitfinex the most popular altcoins (ETH, BCH, NEO, LTC and many other) have pairs to USD. You can also toss altcoins to other exchanges to find a needed pair, just don't forget to check fees. If you want you can also buy Tether (USDT) and then buy a needed alt with it (on Binance for example), most exchanges accept it.
P.S. Once you have crypto you can use shapeshift.io sometimes it help to avoid some fees and make a faster exchange.
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As it was already mentioned some times above there is no real crypto ban in korea, just some restrictions. One of the reasons why this FUD make such a big influence is that after the chinease regulations a big part of coins moved to the korean exchanges. Also those exchanges are closed from the other part of the world. That is why the rates on bithumb are much higher than the normal ones (for the same reason they are not countrd in the CMC rate). So in the end we just have a separate iseland in the kryptoworld that spreads too much FUD.
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Warning! The same project already had a twitter campaign and scammed all participants, no one got his payment: https://bitcointalk.org/index.php?topic=2649217.0This campaign is managed without escrow by a newbie user. Join at your own risk. Twitteraudit also shows more than 90% of fake followers and there are opened scam accusation claiming that their wallet have a keyloger.
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At this moment there are 1469 cryptocurrencies on coinmarketcap. Even if the half of them is dead do you realy think that cmc staff should monitor all of them? There is a lot of garbage listed on coinmarketcap that have 0 volume. As I've noticed they are listing different coins even without having all information about them. If you dig deeper you will find even more shady projects. This is an important lesson: do not trust anyone and always do your own research. What is about real exchanges they probably have theyr rules about listngs. Anyway it is their own reputation.
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There is so many forks that I don't even want to bother myself moving funds from my wallet (and risking to get my coins stucked somewhere or any other issue) to claim this garbage. Tbh I still didn't get my BCH (mainly because I had a small amount of BTC at the times of fork). Now my strategy is to keep it till the next year and maybe then I will by myself some beer and snacks for that dust that I'll get from my wallet. Don't recommend anyone to focus on those forks.
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Do they charge high fees to join or something so they lock the traders in
or is it because the exchange is based in England ?
if price differnces lasting longer than couple of minutes, then something is wrong with the exchange. In this case it is high withdrawal fee and especially long withdrawal time. If you look at their official bitcointalk thread, you will see alot of complaints that withdrawal took days, weeks or even months (or not even possible if you are based in US)
They have a special buy/sell section in their website. The trick is that you can only buy BTC for 100 / 200 / 500 / 1000 USD there so it makes harder to calculate the real rate of the BTC. Usualy they sell for about 10% over the market rate. The next interesting thing is that they are also selling BTC for the rates over their own exchange! For example right now the BTC price on coinmarketcap is 11.9K, the price in Bitfinex is 11.7k (cmc price is not accurate so I just also mention bitfinex), cex.io price is 12.5k BUT if you want to buy BTC thru their "Buy/sell" section you will get the price about 13.5k that will be shown as 0.0074 BTC for 100$. I'm sure that the exchange is not located in UK. Remember that the United Kingdom is a popular offshore zone. Their CEO is from Ukraine. Here is his linkedin: inkedin.com/in/olutskevych Anyway I do not recommend using CEX.io. This exchange is shady and dishonest. |
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I am pretty surprised but if you take a look at the coinmarketcap data then the 24h volume for the last time did not changed that mutch. Tether is not a trustworthy coin but it survived a hack attack and devs claim that they still have some million usd in reserves. It doesn't make this coin 100% safe but it seems fine to play with it (especialy when you are trying to avoid the long process of approving KYC) untill the volume is approximately at the same level and people are not rushing to sell their USDT.
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Ethereum is traded to all ERC 20 tokens, whicha re the most popular ones. There also pairs with the most popular altcoins to ETH so it is almost as liquid as bitcoin. 800 000k volume is still a good volume for the altcoin but I bet that thedifference in USD between BTC and ETH prices of the altcoin will be small so it makes the arbitrage risky. The price may change while you are transfering your funds and then you will have big loses.
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Tbh if you need to trade with your BTC then it might be better to buy BTC there to avoid transaction fees. On major exchanges fees are almost the same. Just choose one with the best rates. This thing offers me to exchange 10$ of Skrill USD to 8 Tether USD and show it as 1 to 0.95 rate. That looks shady. I don't know mate if it fit for you, but I use site - https://www.bestchange.com It's widely spread in Russia and so commonly in use. Very intuitive and the best exchange always in the top of the list. This website have enourmous fees. |
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Emm, am I the only one who see wrong rates on their website? 1 BTC = $10386.4 | 1 BCC = $218.9063 BCC is a great lesson for those who want to get free money for nothing. In one moment it is tradable on some exchanges and have some illusion of a good price but on the next moment it loses everything in a moment. Right now it is -93.57% for the last 24hrs. It is still going down since the topic was started. Next ones to tank will be Tether, TRX, Cardano and XRP. The first because it's a scam and the last 3 because people were only buying into them because of hype.
XRP already won't drop that mutch simply because It already lost most of its "hype value". It can not be compared to BCC scamcoin. |
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Correct me if I'm wrong but under the concept of any ICO it is understanded that there is something that is not developed yet. Even if the company have a product they still gona need money to either develop it or add any new features (otherwise why do they need money?). In both cases you don't know what will happen with the final version of the product. Even the team is not always guaranteeing a quality of the company. For example I've been looking thru 2 ICOs trying to chose one to invest. The first one had a smaller (but still solid) team and communicated well via telegram while the 2nd ICO had a huge team with multiple levels of support that has been dodging me all the time.
It is important to understand that ICO should me analyzed in many different ways because even the ICOs with a product can still have some unclear things.
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This FUD is absolutely not backed by any significant actions but cause so much panic selling. Even before those news the sth Korean residents were not eligable to participate in major ICOs. Even korean exchanges are locked from the other world (and their rates were finaly removed from coinmarketcap). In the worst scenario people in korea will just start using another exchanges and thats all. Sometimes crypto market is absolutelu irrational.
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Such points like now are nothing more than a great price to buy some btc. The previous history shows that such 10-20% daily loss are easily recovered on the next day (or maximum couple days) which makes such investments safer (ofc if nothing serious happened, but now everything seems fine). As Buffett said, "buy when there is blood in the streets and bullets whistling overhead." Now the moment is not the same, but it's close to that. I have already started to slowly buy up ETH and those alcoins that in my portfolio sank more than 20 percent.
I bet he would never say the same about cryptocurrencies  but anyway your message is clear. |
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I remember CRED was #3 on Etherdelta some time ago. Seems like a decent exchange is the only thing that is needed for a solid growth. Also the idea to put #14 largest cryptocurrency into community vote seems just perfect. Why da hell TRON even need on this exchange? They already have a big volume on Binance and the best thing that Kucoin can get is about 1-2% of the total volume while it can become a good alternative for CRED.
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Kucoin is one of the "noob exchanges" with a good volume and no lags. You can try to contact their devs so they could include your coin to the next community vote and then your community will do its business (or you can also chose the payed listing from them). But it also seems like the queue for their exchange is insane.
coinfalcon.com also require for 100k EUR worth of coins deposit (you can withdraw it later) made by 100 ppl from your community to get the coin listed. Not the best exchange but still not the worst option.
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