the ripply pump this month was one of a kind. it was sudden and big, not the biggest though. and there were a lot of hype around it which was helping the pump to go on and become bigger and bigger.

but the main aspect of this pump was crushed when everyone started talking about how centralized ripple is and that was the final nail in the coffin. the dump began and there was no way for the pump to continue.

if the dump never came or if it could have been small we could have expected a bigger pump like last time but no longer.

maybe a third option!

ETH had its fun this year and got pumped a lot. and usually altcoins only stay active for a limited time before a new altcoin comes along and takes their place.
it is hard to say which one at this point, there are a lot of them with the potential for sure. Waves is an example. even coins like IOTA and also my favorite ByteBall which added smart contracts recently. or maybe a brand new coin with same hypes.

when it comes to altcoins try not to limit yourself to only 1 or 2.

you need to ask them why they did it but my guess is that it was because of lack of interest. which is the case in 90% of the times when they remove a market or a base currency for markets. people are mostly trading with bitcoin and rarely pay much attention to other markets.

if you check the volume of other markets (USDT for example) you can see that majority of them have not even been active for days and most of them don't have minimal volume.

why did you create this misleading title? when you are quoting someone you should include the name of the source.

and who cares what a National Bank of some place is saying about what bitcoin is. they are defining it as an asset so that they can deal with it easier. most of the times it is a matter of taxation since they can't exactly tax a currency!

what matters is how people are going to use bitcoin and so far it has been a currency apart from last 2 months and hopefully this changes back to normal low fee transactions soon too.

the same news came out last year and by that time the drop that happened was was about 30%.
considering how many FUD is around these days and how people are still staying away from bitcoin because of all the bubble FUD, i say 10-12% drop is a great achievement for bitcoin.

yeah, that is the thing about Byteball! it has always been among the high price cryptocurrencies. if i am not mistaken it has always been in at least top 10!

but since it doesn't have ridiculous amount of supply like ETH, XRP, IOTA,... it does not have a high market cap so it stays under the radar most of the times.

it starts with a huge dump when the whales get the hell out of the coin and then followed by a recovery because there are still newbies thinking they got a good deal, then followed by a slow and agonizing drop down slowly losing value as time passes by until the next pumping phase starts and it gains back some part of what it lost and we will be back where we are now

i am sure at some point they are going to run out of the names they can call these forks. it started with precious metals (gold, silver, diamond,...) then followed into Date and Time (new year, future...) and now we are down to edibles (candy).

what category is going to be next?

it depends on what you have invested in!
when you have the 203,560.00 USD invested in gold for example, you have your money in a rather safe place which won't disappear the next day.
but if you have the 203,560.00 USD invested in something like Pandacoin or ethereum or ripple then of course it is going to crash the next day that the bubble bursts.

but i agree that you need to get the profit out at some point. specially when you have invested in altcoins. i specifically find "portfolio" dumb when it comes to altcoins

that's the thing, they don't like the idea of decentralization which is why they started creating their own altcoin which is a centralized crytocurrency. it is a weird move in my opinion and it will fail for 90% of these companies that  try to do it because it is too centralized!

it is not just a centralized versus decentralized thing, it is the limitation that it brings. if every company starts creating its own separate payment system then people either have to have 100 types of money in their pocket or not use any of them at all.

i haven't checked the news and some people are saying something about ICO platform here which may very well be true but at the end of the day the first thing that is the cause of any big surge in an altcoin is pump. don't look much further than that.
there are sometimes some reason like this news for it and sometimes purely pump groups moving money from one coin to another.

there aren't that many places that accept credit cards, i think it may have something to do with the fact that there are so many scams with CCs! check out cex.io
and there are even less places, nearly nowhere, that accepts PayPal because it is stupid how easy it is to scam with PayPal!

as for holding, there are multi wallets like JAXX with a lot of bugs and issues, there are hardware wallets like Trezor which will cost you and finally there are exchanges themselves. each have risks and benefits. for example keeping on exchange means you never miss any dumping chance ever because your alts are ready to be dumped always.

then you need to contact Yobit support. there is nothing we can do for you here.
make sure you see that LTC address in your Yobit wallet, take a screenshot from it if you can. and then make a ticket with the screenshot of the address in your wallet and the transaction ID and ask them to correct this mistake.

i had this issue once, it took about a week but it was solved eventually...

bitcoin cash is not going to die just because it is shit (by definition or just opinion). if that happens then 90% of the altcoins need to die also because they too are shit. altcoins are for speculation and money-making and that will keep them alive even with 0 usage.

in case of bitcoin cash it has been acting like a parasite to be honest and parasites don't go away as long as the host they are feeding of is not strong. and at this point with the huge backlog bitcoin is not at its strongest position. and that opens way for all these altcoins including BCH to feed.

turning bitcoin into cash (in other words selling) doesn't mean you are not HODLing bitcoin! you can sell and still be a hodler. that is of course if you have anything more than $10 worth of bitcoin for instance.
you can always sell something to satisfy your need or reduce the risk or something like that.


either an exchange or localbitcoins.com or any other place like that which you can find someone close to you and sell "locally" so to speak.

those small coins are getting pumped.
think about what you are saying a little bit. someone who is new to this world is not going to find coins that are worth so little and are at the bottom of every single list and then start investing in them. that sounds such a random behavior!

the market is growing with a lot of newbies, there is no denying that though. but they are investing in the big names and lose money in most altcoins they invest in.

dude take a chill pill

this has nothing to do with Electrum being an SPV wallet. it is only because the JSONRPC interface of electrum were not using encryption. even if Electrum were a full client the same thing could have happened.
read the issue: https://github.com/spesmilo/electrum/issues/3374

"profit" is what majority of the people who have ever invested in any of the altcoins ever care about. and things only get worse as we go on because the more scammy altcoins are created, people are giving up on altcoins in general and only care about the profit.

and centralized coins with banks with lots of money behind them will benefit from this because they pump no matter what and people invest in those.

this is the problem with every newcomer to trading altcoins and this is why they also go high like this!
everyone thinks it is a bet, or gambling or whatever. and as long as you think like this you will be losing a lot of money sooner or later.

your first step is to stop thinking like this and start looking for some real potential in the coins and start looking for pumps. yes it is possible to turn $100 to $10 million even but you will never be do it as a starter who has never made a trade before.
try having smaller goals first.

of course it is not good but there is nothing can be done about it.
this is a free market which happens to be not-regulated and anybody with little knowledge or some small research can release their own shit and they do do that to make money out of thin air.
and it has turned the cryptocurrency scene into a joke. most people don't ever consider altcoins as a real thing. they simply ignore all of them because you keep seeing all these random useless projects and then see one or two even get big and enter the top 10 coins and fill the news!