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you don't need to be a scientist to see how manipulated altcoin prices are. just a quick look at the altcoin price charts over the longer period of time such as a yearly or 2-3 year charts shows you a lot of ups and downs which do not look natural at all.
ups that take 2 days to increase >100% and downs that take a very short time to go back down are clear indication of pump an dumps that are going on.
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if you want to buy bitcoin then it is best to wait a little (at least one day) to see what this current panic sell is going to be like. because currently there is a drop going on and there are a lot of panic sellers out there who are starting to wet their pants because of this drop and they will start selling.
i have already placed my buy orders at $11500, $11000, $10500, $10000
and some more which were filled and are waiting to be filled. but you can be more cautious than me.
as for altcoins they are getting dumped because they are useless and because bitcoin had its drop after a while which means everyone leaves altcoin market at times like this.
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i believe there are two forms of SegWit addresses at the moment. 1. P2SH nested segwit (P2SH-P2WPKH) which will look like normal P2SH addresses (start with 3) 2. Bech32 which will start with bc1 and has a different formatting than base58 and normal addresses as you know start with 1 or 3 and are base58 encoded as for fees i believe the P2SH nested segwit will take up more size than the bech32 (but i may be wrong). and they say "it is cheaper to create SegWite transctions" but i have not yet tested this. last bech32 transaction i saw had 1 input and 2 outputs and was 255 bytes which is the same as regular transactions with P2PKH! so i am confused about that myself too. So how to create a segwit address in blockchain.info or in electrum.
blockchain.info has not yet adopted SegWit as far as i know but if you install the latest version of Electrum, you can create a SegWit wallet there. Just my curiosity but is it possible that if I create a Segwit address on electrum and import the private keys on my blockchain account then it will work as a segwit address on the blockchain instead of using electrum every time? no it is not possible to do that because as i said above blockchain.info has not yet implemented support for SegWit so it will not be able to generate the SegWit address (bech32 that Electrum is using) for you. this means if you import your Electrum private key belonging to bech32 address, your BCI will show you a normal address starting with 1 without any balance. |
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ETH with all of the whale pumpers and the big banks that are supporting it could not pump enough to get close to bitcoin. ETC doesn't even have the whale pumpers nor the ethereum foundation bank supporters to pour money into its pumps. there is no way ETC can grow that big,
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When do you think BTC will pump again? How long this panic sell can last?
Never. because bitcoin is not a small thing like the shitcoins you see all over the cryptocurrency market these days so it can not be pumped. however it will rise in the future. for the time being the FUD and all the problems with bitcoin such as high fees are preventing this rise. and it is mostly manipulation by the whales and the spam attackers against bitcoin done to prevent this rise. when these stop, the price will shoot to the moon. |
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China banned ICOs and trying to get rid of miners. Why it is growing who now? Plz help to understand.
the same reason any other altcoin has ever risen and fallen so far. and that is nothing else except Pump and Dump. it's about time NEO got its turn to get pumped if you ask me. there has been lots of pumps everywhere else in any other altcoin and at some point eventually it will be every coin's turn to get pumped. and it is not just NEO there are a couple of them at least that are getting pumped. |
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there really isn't a single answer for this because it depends on a lot of factors.
the most important factor is timing. for example if you see price dropping AND also speculate the drop to continue for a while, like after a very long bull run eg $19600, then selling on top is a good idea and then you wait a couple of days to go back in at the bottom.
but the same thing can be the cause of a lot of money lost. if you choose the timing wrong, for example if you sell when it is already too late. eg selling at $12000 after price already fell 35%
as for altcoins they rarely are good choices during bitcoin price drops because when bitcoin was having that 35% drop, altcoins were having 50% drops.
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i believe there are two forms of SegWit addresses at the moment. 1. P2SH nested segwit (P2SH-P2WPKH) which will look like normal P2SH addresses (start with 3) 2. Bech32 which will start with bc1 and has a different formatting than base58 and normal addresses as you know start with 1 or 3 and are base58 encoded as for fees i believe the P2SH nested segwit will take up more size than the bech32 (but i may be wrong). and they say "it is cheaper to create SegWite transctions" but i have not yet tested this. last bech32 transaction i saw had 1 input and 2 outputs and was 255 bytes which is the same as regular transactions with P2PKH! so i am confused about that myself too. So how to create a segwit address in blockchain.info or in electrum.
blockchain.info has not yet adopted SegWit as far as i know but if you install the latest version of Electrum, you can create a SegWit wallet there. |
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yeah, unfortunately there is a lot of money coming in from a lot of newbies like those college students you are quoting. and that means we are going to have an altcoin market in 2018 filled with a lot of newbies who don't even know where they are, they have just accumulated bags of lots altcoins and majority of them will lose a lot of money.
this is scary!
imagine how many victims we will have by mid 2018 because of all the altcoin dumps. that won't end well for cryptocurrencies in general.
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Etherium is rising. All altcoins converted to ETH then to BTC then cash out for profit. That's my guess.
that would be a dumb move! because there is a market for selling ETH directly to fiat and cashing out that way and converting ETH to BTC means you will have to pay an additional fee (a trading fee which is a percentage of your volume) which can be quite big and will eat through your profit. |
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all i know is that there are so many whales at the moment accumulating bitcoin each time it has a nice drop and there are others who are shorting the market when it goes up and they know there is some FUD or fake dump to break the rally apart.
and that is keeping the price down. and when the FUD is big, morale goes down and people look elsewhere to invest and there comes the altcoin pump and dumps.
i have a great early 2017 feeling when bitcoin was exactly like this and alts were pumping big. the end result was a huge amount of money coming in bitcoin after the alt pump ended.
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so far we have seen price fall multiple times in the past month after the rise to the ATH ($20000) and each time it tests the bottom it gets a little bit higher. i think we had $11.1k as the lowest it got and then it has been $12k momentarily before it comes back to somewhere between $13k and $14k
this is some good term short term trading opportunity which i think many are using and that is why the resistance along the $13k is growing much bigger these days.
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Hi,
I only started 1 month ago with $200 and now at $3000
Regreting not investing more but isn't that the same thoughts of everyone.
has it ever occurred to you that maybe because you invested small amount you made that much profit? as a beginner if you invest a large amount of money then you will be ha ving that much stress making it harder for you to make correct decisions which will cause losses. I know a lot of people would say invest in BTC or ETH but they are slow moving atm, where a lot of low value coins are mooning.
this is the key to any strategy when it comes to trading. you must invest in coins that are moving at any present time. people say invest in bitcoin because that investment is the easiest with the biggest chance of profit in long term. $3000 - $30,000 - how would you go about it?
i will keep this up, investing in "moving coins" to maximize the profit. of course i have my main investment in bitcoin (larger amount) and i will keep it there in cold storage. because i don't trust exchanges to invest more than $1000-$5000 in them for trading. |
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first of all if drawing some lines on charts could predict the market's future (i am talking generally, in bitcoin it is even worse) then everyone would have been super rich by now...
secondly the fact that you made this charts and then spammed all over the internet (literary in all reddit subs and even here) shows you want attention. otherwise there are people making speculations on reddit and tradingview with much more insight and they never spam their "much better speculation" anywhere!
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there is an ugly truth hidden in all of the altcoins that i have checked out so far. and that is same or worse scaling problems.
this ugly truth doesn't come out until they hit more adoption and become used more. currently as you said people are switching over to altcoins mostly as investments but also that will increase the number of transactions they support and that means the issues will surface soon. some of them have already failed to handle this transaction surge.
also the keyword here is "decentralized" otherwise use PayPal and ...
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the thing about bitcoin and by extension cryptocurrency in general is that they are new technologies which are currently evolving. the first thing in any new technology is never the best but that first thing evolves into better versions of its initial form.
for example the first cell phone was HUGE with a big ass antenna on top of it for reception and probably gave you brain cancer! but now the same cell phone is evolved into a tiny thing with so much power in its CPU than a simple PC.
in time bitcoin will also evolve as it has been evolving so far in the past few years. and eventually there will be a solution with the issues they are facing. and then new issues will surface and we will solve them too and move ahead.
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I have more bitcoin on hand than cash.
this part is the key in my opinion. it depends on how much bitcoin you have and how much of it you are planning to use. for example if you are only using 50% of your stash then it is a good idea. you can even try to buy it directly with bitcoin and then put up some bitcoin signs in your bar, it can help getting you some publicity. you can call it "Satoshi's bar" or something like that  |
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The technology of BTC took me to it. And its worth holding me back.
In my country, many people have become billionaires thanks to BTC, ETH, ...
yes, but also many people have become poor and #wrecked thanks to BTC and specially ETH since the altcoins have pumps and dumps and bitcoin is filled with FUD and each time BTC had a dip they panic sold bitcoin and went running to the bubble of altcoins where they got dumped on and lost more money over there to come back to bitcoin which is now higher than what they sold at. |
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nobody can predict ETH anymore. you can make guesses but that's about it.
ETH is in an undeniable bubble right now but with all the advertisement and the pumps that has been going into it, this coin has a lot of investors most of which are newbies.
and newbies as we all know are weak hands who can crash a market super fast. and with all the problems that ETH is facing with bugs and hacks and scaling issues it shouldn't even be worth this much.
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bittrex is one of the biggest scam exchanges that currently exists. you can check out the scam accusation board on bitcointalk to see how many people they have scammed in the past couple of months.
to be honest you are lucky you got an answer from the support, there are people who got robbed by bittrex and never even got a reply in return!
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