I am not interested in trying to guess when BTC crashes, everyone knows it will one day, I want to figure out how to make money from the crash.
the bold part is the heart of what you want to do! then you say you don't want to "guess it"! you first have to guess (of course an educated guess not a random gut feeling) then you have to act on it. and this first step is the most important one. and you are talking about a "crash" not a simple fluctuations that bitcoin has daily. then if and only if you succeeded in the first step you can move on to the next. now you can simply sell before the "crash" that you guessed and then wait for it to be over to buy back. you will have a the ability to buy a lot more bitcoin than you had before the crash. or you can simply buy the same amount of bitcoin and keep the difference in cash as profit. you can also try shorting bitcoin but i am not a fan of that at all.
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if you don't own 100 BTC yourself then you don't need to worry about those who do have that much. because someone who owns $1,600,000-$1,700,000 with the potential to be worth $2 mil, will surely know what to do with it and has made the arrangements already. unless they are ignorant of their family or if they think they have bitcoin nodes in afterlife too ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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wow, this is great news if it is true. /s because seeing the price it doesn't seem to have moved at all. if whales are selling and price doesn't move it means the market is so huge that they think they are whales but they are little fishes in the market.
... of course OP is FUDing because he is butthurt based on his post history LOL
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it is hard to say really. in the altcoin market things are sometimes so linked together that you need to see what will happen in other places to be able to speculate about something else!
for example if bitcoin continues rising, LTC will surely follow and break new ATH with it. but if bitcoin drops there is a good chance that LTC would also follow it down and lose a significant percentage of its current price. and when you are talking about an altcoin's USD value, it is tightly related to bitcoin's USD value.
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in my experience the only thing that is more profitable is what you can do best. for example you may find trading stocks better than trading bitcoin, someone else may find trading stocks and making profit impossible thing to do.
and for day trading, if you know how to do it and have the necessary tools and the required experience to match it, then you can be successful in it. there is no real magic solution, all you need is experience in this job.
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why is this even a topic here? there is nothing news-worthy about this whatsoever. some dude claims he has sold his bitcoin to get bitcoin cash. yeah check the altcoin board, there are lots of dudes like this who are saying they sold their bitcoin to buy x and y every day and each day an x and y gets pumped for a little while and then back to normal.
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It's not a big deal. The warning doesn't tell people what they shouldn't already know.
you may think that but you would be surprised knowing how many people don't know these things already and act irrationally when it comes to an investment specially in something that they "feel missing out on" like bitcoin with its huge rise this year. and warnings like this are a good thing and most of the countries that i know of have issued something similar already.
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it was Ethereum Classic's turn to get pumped eventually and it is still rising. i have a feeling that this is another wave of pumps all around the altcoin market just like the start of this year!
the pumpers are getting good at it too, they move from altcoin to altcoin and do it fast. if you check coinmarketcap every day you can see there are always at least 3 coins with above 50% rise that day.
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only 5! almost every altcoin out there which is about a thousand, more or less, can make you rich. if you don't believe me take a look at how they performed this year. every single one of them were pumped a huge amount during the first half of this year and if you could invest in any of them or even most of them, you would have been a lot richer now thanks to those pumps.
and these pumps happen every year you just have to catch them early.
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does it vary for different coins? I'm asking because if I want to day trade I want to make sure its doable. Someone told me it takes a long time to have a buy go through and a sell.
if you mean something like placing an order under market price for buy and above it for sell, and waiting for that to be filled then there is no singular answer for it because it depends on a lot of factors. first is the stability of what you are planning on trading. and that changes with time too. sometimes there is not much movement and depending on how deep your orders are, it can take forever for them to be filled. second is the liquidity of that coin. some altcoins are too small, and if you place a big sell order in one of them, it will never be filled and you may even cause a drop with your "sell wall" ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) and finally the exchange you are using. some of them have less users and less liquidity specially in some specific markets for less known altcoins. obviously you will have issue getting your orders filled.
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i never buy ETH because i love my money enough not to invest it in something like that. but i have bought bitcoin and i mostly do it using localbitcoins to purchase with local currency and kind of off the market. the rest is me trading on exchanges to make more of it .
regarding fees, that is the fiat and banks related "abuse" and you have to accept it when using banks and fiat.
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the only exchange that has any association with Paypal is Coinbase (and probably GDAX since they are the same company) and that is only the option to withdraw to Paypal. you can not deposit in any of these exchanges using PayPal!
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(short answer i believe LTC is good)
Sorry 1 more question, who is better, doge or ltc for fees value and who is faster ? both of them are good options regarding fees you need to check each exchange and see how much they are charging you for it. but it usually is 1-2 Doge for dogecoin so it is cheaper. and based on number of confirmation each of them requires they can be the same speed like one another. but as i explained above Doge has a lower price so buying in one place and selling in another (if you want to buy and sell at market price) means losing a large amount of money.
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i am surprised nobody said hardware wallets here!
anyways, if you are willing to spend a little money and get a secure wallet and don't have to worry about creating one yourself, then buy a hardware wallet like Trezor. they support multiple cryptocurrencies and you can store them in it and enjoy their securities.
other than that, there are light wallets, specially for Litecoin that you already own like Electrum which is an SPV wallet. you can download, install and if you want even use them as a cold storage if you run them on an offline system. you can also use Electrum with your Trezor as its interface to send transactions.
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there is a forum section on their website which you can visit. maybe there has been a news regarding the particular coin you are dealing with which has caused the issues. it doesn't hurt if you create a topic there too since it has already been a while and you have not received any answer.
FWIW i have been using Cryptopia but with small amounts, and i have made deposits and withdrawals of bitcoin, litecoin and dogecoin without any problems.
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(short answer i believe LTC is good)
i am not using these two exchanges so i don't know the fees. but in order to do something like that you need to do these things: 1- check the trading fees of these places because you will need to pay trading fees 2 times if you want to transfer bitcoin from one place to another using an altcoin.
2- check the price difference and spread in the altcoin that you chose. if the altcoin has a higher price and a smaller spread you will lose smaller. for example Doge withdrawal is 1 Doge (~20 sat) but you on one exchange you may have to buy at 22 satoshi and sell on the other place at 20 and that is 10% loss before trading fees! but if you buy something more expensive like LTC at 0.017 and other place is 0.01699 you won't lose much.
3. check the withdrawal fees. sometimes some exchanges have higher withdrawal for some altcoins!
4. check to see if that altcoin's network is working properly, exchange wallet is operational not in maintenance and make sure you can withdraw. sometimes these issues do happen.
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i have a feeling that John McAfee is mostly started talking about bitcoin because of two things. first because he invested in bitcoin before they began talking about it, so obviously he is hyping bitcoin and kind of advertising it. and second because he wants to get some publicity. his name is being repeated all over the bitcoin related space and also other places.
not that i am saying his prediction and even more is not going to happen. just saying the motives seem to be these to me!
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at this point i sometimes hope bitcoin price drops and i hope it drops hard! i have this wish only because i want all the "bitcoin is bubble" topics to stop. i am starting to get sick and tired of this repetition. and it has been going on a while, ever since bitcoin price broke $1200 (the previous and first ATH) they have been calling bitcoin a bubble and they are still spreading the same FUD. and none of them have any reason for it either, and that is the worst part. they just say it is a bubble because price is "big"!
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New alt coin says it can beat Bitcoin
whenever someone uses this statement about their altcoin it automatically means it is a useless shitcoin that has nothing to offer really so they succumb to these cheap tactics of advertising their coin in order to try and pump it. otherwise a standalone project that is really good, doesn't need the attention of leeching from bitcoin. Fluidledger will set its price per coin at the same price as Bitcoin.
in other words it is centralized.
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That's a great win for BCH...
he didn't win it and it is not a gift! he had bitcoin cash all this time in his wallet and he could have claimed it using the private keys that he also always had access to when using blockchain.info but he never did. and right now blockchain.info just added support for bitcoin cash to their wallets to make it easier for everyone to claim their BCH and do with it whatever they want.
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