No!

I keep telling people that diversification doesn't work in crypto.

It's a rule taken straight from traditional investing where you diversify between stocks arnd real estate and so on so if there's a crash on one of the markets you don't lose everything and may profit somewhere else.

Crypto is crypto. It doesn't matter if you buy one shitcoin or the other if Bitcoin crashes they will al crash.

I might buy 32 ETH, not financial advice, just bought it and trying to tell the world about it to pump the coin so I can profit.

Who are you trying to fool CZ?

You're lazy - you pay more. It's a rule of life. If you're too lazy to read the TOS, you lose money, too lazy to do research on an investment - you lose money, too lazy to manually set fees - lose money.

Maybe they don't care, maybe they're too dumb to know they can change the fee, maybe they have so much money to send they don't care if it's $5 or $15 per transaction.

My question to people like you is always the same:

If altcoins react to Bitcoin's moves much slower and much weaker and the less popular the altcoin is the less chance it will even be moved by a BTC rally, what makes you think that choosing them over BTC is a better deal?

You can buy a bunch of alts, some of them will end up being scams like bitconnect, some will keep losing value over time and die or become a zombie coin trading at 1% of its ATH like BTK, RUPX and many more. Even if you hit that 10x pump coin the pump will be so fast that you probably won't even catch it. Is it really worth it?

I understand people who have a lot of BTC and want to play a bit on the altcoin market. I don't understand people who don't have Bitcoins and as newcomers chose alts over BTC.

The way they're advertising it is pretty shady if you ask me.

They're saying that now the price is x, but after a certain date they'll make it 2x so buy now and profit later. This is used by scammers to assure their investors of profits when whoever knows how the market works should see they will never be able to hold that price.

They can say that from now on the price of their token will be $0.7 but for that to work somebody has to buy it. If you had a token bought for 0.5 and saw it sold for 0.7 and tried to sell it but there was nobody buying what would you do? Go to the devs and say you told me it's going to trade for 7! you promised!

Most of these tokens are worthless.

They have 98-99% of votes counted depending on the state and Biden's advantage is already too big for that 1 or 2% to change anything. Even if all those votes were for Trump the results would be the same.


Many exchanges do it. Yobit is launching pumps and dumps of their own tokens and banning people from chatbox for criticizing it. There will always be good and bad businesses.

Do you need anything but your private key to access your money?

As for the app, they keep your private key safe even in case something wrong happens with the app and you're unable to use it. You can use your backup words to access the wallet even when hardware or software becomes inaccessible.

I've been using Electrum for many years and never had a problem with updates or downloads. You just have to be careful and verify files each time.

It's much easier to read FAQ than TOS and most people choose to do that.

The only problem with choosing to read FAQ is that it's not legally compelling. They could write something else in TOS than in FAQ and confuse or cheat users so by doing it you're taking a risk but it's much smaller than simply accepting TOS without reading anything.

What makes you think the current price is not cheap?

The ATH price is 20 thousand dollars. We are at 14 thousand. I could argue that compared to the ATH the current price is cheap as it's almost 30% cheaper than the top price.

I invest because we are in a bull market and based on the past performance of Bitcoin I expect the price to go beyond the last ATH in this bullish wave.

That's going to be a lot of data. If they try to go through every single trade they'll drown themselves in numbers.

Pretty sure they'll only go after fiat transfers from and to banks and target those with the highest amount of money moved through the exchange. If they were to go after every single person who ever moved a few thousand dollars to their bank they'd need many years to do so.

Another reason why you shouldn't do KYC

Is it really a dump? People overuse this word a lot.

If it goes up by 5000 USD and then down 2000 is it a dump? I wouldn't call it that. It's a correction in an uptrend.

If it goes up by 5000 and goes down 5000 it's a fakeout or a pump and dump.

Bitcoin went from 11 to 16 thousand in 1 month but it took it about 27 days to reach 14 thousand and the last 2 thousand was a FOMO rally that took only 2 days. That's more than 30% of the total monthly growth completed in 2 days.

Moves like that are hardly natural for any coin and difficult to hold.

Saying that it will dump to 9000 because of the election just stupid and proves that OP has no idea what makes or breaks bitcoin uptrends.

Uptrend did not start because of the election and the price held steady at 11 thousand for months before it went up and before the presidential campaigns launched. US presidents had nothing to do with the uptrend that  took us from 10 thousand in September to 11 thousand in October. The whole world trades bitcoin not only US citizens.

Bitcoin oftn goes up more than it should because of FOMO. We went from 11 to 14 thousand following Paypal news and beyond that because of FOMO so there's a chance we'll go back there to retest it.

The rule is that strong resistance turns into strong support after being broken so even going to back to 10 will prove to be hard and not very likely to happen.

LOL how come? You think people are buying Bitcoin just because they think new US president could be in favor of it even when he hasn't said anything about it? This is so far fetched.

Of course the reason for the pump is a few institutional purchases followed by PayPal adoption and then simple technical bullish confirmation of the uptrend.

The good old straw man argument that Bitcoin is bad for the environment.

You're comparing a whole economy built upon a number of companies to a single company.

How does Bitcoin produce anything? It's a digital coin.

What about the CO2 that you produce? You heat your home, use a computer, possibly drive a car? Maybe if you're such a CO2 freak you'll make the world better and start walking instead of driving, cut your power cables and heat up the house with solar panels?

I agree with the above that laws in Russia are very lenient and hackers aren't punished but it's also the same for other small crimes like forgeries. You can go to Russia or Ukraine and buy a driving license and then get it validated in your country, just like you do with any other document.

In Russia you can buy yourself a license allowing you to pose as an emergency vehicle. You basically put a blue light on top of your car and don't have to stop at red light anymore, just because you paid for it.

There's a saying that Russia is not a country but a state of mind.

I'd bet big with big odds.

I found out after a while that betting small on small odds piles up to a large number of losses, that's all. A single big bet on big odds will not give you large profit but the win itself will be satisfying, even if you manage to make only 10% profit or something like that. You win - you feel better, even if the win is big. You lose you feel bad even if the loss is small.

It really looks like 2017 for Bitcoin but will it won't be the same for altcoins because in 2017 and 18 many alts were pumped by the ICO boom that started right when many people started thinking about realizing their profits from Bitcoin tradin. Many of these money were moved to altcoins because people thought they can make even more money investing in low market cap projects with a lot of potential. They also saw the potential for growth in the at the time overpumped BCH and XRP.

This won't happen again.

You can expect some alts to pump because of Bitcoin but most altcoins no longer follow bitcoin but react to their own development. You could see that by ETH pumping when news of 2.0 tests came out and shitcoins like XRP trading for less than thay did 2 weeks ago despite huge Bitcoin pump this week.

You keep asking the same question even though people have answered it and gave you links to read.


There's a group of chimps sitting in a big room and pressing buttons 24/7. Each user has a button assigned and if that button gets pressed by a monkey the reward goes to the user.

It's the same in PoW with the difference that each user has to buy a mining machine in order to get a button assigned.

All the answers to your questions can be googled.

Every PoS coin is a program written in a code and staking share distribution is based on that code. Like it can give you additional rewards for the age of your stake so the longer you stake the more you get.

By a conflicting blockchain you must mean a fork. In such case people who stake have to decide if they want to remain in the old chain or follow the fork just like in PoW.

I wouldn't recommend waiting for a big dump to buy BTC because you'll face some problems along the way like how to indicate a big dump.

Would a 10% be big enough? If you're waiting for a 50% it can take many years since the cycles often take a long time and we don't know if this cycle will end at 50 or 20 thousand dollars. It's possible that people waiting for a big dump will first watch Bitcoin go to 50 thousand and then crash all the way back to 20, which means they will have to pay more for their Bitcoins after the dump than they would today.

If you want to buy and hold just do it.

If you want to wait holding fiat on exchange is fairly safe because it cannot be hacked out of it. People always steal coins because fiat is easy to track.