Yes, most of the project have a huge potentials which is why I'm very surprised that they loose there position on the capital market while Ethereum still maintain it position despite the problem the project is facing which lead to it dump in price. Why is it that the rest don't maintain there if they do still have the potentials as you said because to my know the market has changed after the blood bath and some old coin are out of the game.
ETH lost its position a while ago as traders moved to other coins. it is staying on top of the list on coinmarketcap.com because that website sorts coins based on their market capitalization and ETH has a huge supply of 101 million coins which keeps its market cap above of a lot of much better coins. it is the age old altcoin pump rule: you can always pump small coins and cheap coins a lot easier than you can pump big coins and expensive coins.
in other words the coins that you see are stuck on top, the old ones, are already super pumped and have a big bloated price and market with lots of newbie bag holders which will crush your pump if you try it. so a as pumper they want to have an easier way of pumping things so they move to other coins. that is why they are always more profitable.
If I get you correctly, what you're saying is that the thing which happened to the old that loose there position was exactly the same thing that happened back in the time of bitcoin hard fork (BCH) when miners switch to BCH and Bitcoin was dumped in price? If that's the case but bitcoin don't loose it position. i am talking about altcoins. bitcoin is not an altcoin! altcoins are created to be pumped and dumped and because of that they have an expiration date. when they hit that date they slowly start being replaced by other coins. some faster than others and some hang on tight and remain near the top but continue to lose their position.
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just like last time or the last time or the time before that, just because there is a small rise it doesn't mean we are starting a bull run. ALSO just because there is some drops that are small doesn't mean bitcoin is going to end or be dumped to a lot less value. these are just fluctuations that we have. and they are normal and don't have to mean much. breaking a major resistance or at least having a rising sentiment in the market can signal a bull run not a small rise which is below the resistance.
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haha, this is such a good topic that some spammer bumped this proves once again that as an investor you should never trust what you read online, specially on this forum about altcoins. in fact if anything you should do the exact opposite of what you read in here most of the times since it is usually wrong. in case of OP, he claims he has started buying and the topic belongs to 5 months ago so he must currently be in at least 50% loss, in other words he has already lost half of his money because he decided to become a bag holder.
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altcoins are pure speculation because that is their only use case. and that means the demand for them is purely speculative. as a result you can not find anything meaningful that determines their prices. however there are factors that you can consider. for instance the most important thin in my experience is how good the team behind the coin is in pumping the coin. sometimes the worst coins with a good pumping team behind them can go high a lot more than others. other factors include the investors interest in them, the coin's supply, the media attention to it and the hype that generally exists for that coin and basically anything that can help the pump and dump of the coin.
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start by signing up on an exchange. find out which one you like best and you find most trusted with least risk of scamming you. but also beware that they will scam you eventually, that is what ALL exchanges will do.
second go to each market and watch the charts, see how they change. mostly focus on the history and see the volume and price change of each pump and dump that the altcoins had in the past and see if you can detect the signs. for instance the increased volume before they initiate the pump to shoot the price up to the moon.
third deposit some small amount of money like 0.001BTC and start trading with the experience you gained. i don't think you would miss losing $6! since it is too tiny. so you can overcome your fear while learning how things work.
and finally when you gained enough experience you can deposit a bigger amount and start earning for real.
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Seems to me it is better not to have smart contracts on top of bitcoin blockchain, It just seems unsecure enough right now. I dont know what to think, they seem cool but not yet they are not ready.
and what part of it is it exactly that you find insecure?! bitcoin is the only cryptocurrency that is completely secure in all aspects compared to others. not to mention all the exploits that has occurred in other platforms and the bugs and lots of issues they all possess!
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it is not lost just because people are trading bitcoin. it is still there for whomever wants to use it, it is just that more people are currently interested in bitcoin as a way of making money because of its price rise than people who are interested in bitcoin as a currency to benefit from its decentralization and the privacy that it offers.
and i don't think it is a bad thing. in a way it is the combination of two worlds: the decentralized world of bitcoin with the centralized world of fiat. and since we still need to dump our fiat to get bitcoin, we need that pseudo-centralization.
I guess you are right Herbert, perhaps this is a way of the bitcoin economy to adapt to the needs of the time. It is just saddening, there was so much privacy protection that bitcoin was premiered for yet it seems we are ending up back to the traditional surveillance that financial & government entities could conduct on us.Additionally, as you stated, it seems decentralization had to be compromised too as a respond to better regulations and freedom to move from digital to fiat currency with less restrictions from governing authorities. And that's twice the sadness for bitcoin advocates i guess. well "we" are not ending up anywhere, it is only those who are trading on exchanges. and even they can re-gain their privacy through different methods such as using a bitcoin mixer. additionally to clarify the second part the decentralization has different forms. the one that is often talked about is the decentralization of bitcoin. that is not compromised. bitcoin is still decentralized and permissionless, it doesn't matter how people buy it. but the other case of decentralization is when you do the exchange and that is only compromised for those who use centralized exchanges to gain bitcoin. otherwise you can use decentralized exchanges, trade P2P, or simply accept bitcoin as payment and stay private and decentralized.
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that after each bearish pattern there comes overwhelming pump so is prepared for the green future.
true but also don't forget that until that pumping day comes you will continue to see reds and get dumped on if you are bag holding. this is why the wise investors are not participating in the altcoin market right now and most of them are mainly cashing out and staying out and some are moving to other altcoins that are already pumping. you can see how the "buy" volume of big altcoins has dropped.
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based on my experience if you talk about certain things in the trollbox of Yobit such as telling people to dump, pump, ... and certain keywords they will ban you "from chatting" not from using Yobit in general. you can still access your account and trade, you won't be able to chat. if your account is banned, this must be a special case or you may have done something to piss someone off. maybe talked about their manipulation that you shouldn't have
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try adding a new row only for comparison's sake and in that row include a what if scenario when you only invested all your money in bitcoin and never bothered with the notion of "portfolio" and then try calculating how much money you could have had in you did that. it can be an interesting factor specially in the long run.
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A great use case that I can think of right of the bat, is protection of patient data, making it immutable once stored.
i guess the real important question is, what is wrong with current way of storing and protecting patient data? we have been using it for years and there is no problems with it which means there is no need for any change. it is basically a the database, and we don't need to change this database from its current form to a new database form called blockchain. for instance the answer to above question about bitcoin is that we had a lot of problems with fiat aka centralized currency world including corruption, inflation, lack of privacy, lack of merchant protection with all the charge back scams, lack of security, high costs,... so bitcoin's existence as a decentralized currency was required.
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it is the age old altcoin pump rule: you can always pump small coins and cheap coins a lot easier than you can pump big coins and expensive coins.
in other words the coins that you see are stuck on top, the old ones, are already super pumped and have a big bloated price and market with lots of newbie bag holders which will crush your pump if you try it. so a as pumper they want to have an easier way of pumping things so they move to other coins. that is why they are always more profitable.
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nothing!
first because i have been around for a couple of years and i already know that the altcoins do not have the sufficient potential for long term since they are mostly bad or they are going to be replaced by something new pretty soon.
second because of the top altcoins. they are pure pump and dump coins that are overshadowing all the rest of the altcoins some of which are actually good projects. so what we have is good projects that can not grow because of the others that are pump and dump and can not grow long term.
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talking out of your ass has become a very common thing in bitcoin world. every idiot out there who wants some moment of fame in this world starts giving opinion about bitcoin and its price. you rarely find someone who actually has minimum understanding of bitcoin market or how bitcoin itself works who talks out of his ass like this. quoting these people on a public forum as if it is a valuable topic of discussion is a worse action that the person who is making those quotes. they at least know they are spreading FUD, you don't even know why your are quoting them !
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you can still have the plausible deniability. which means you may be living in another country, turn on a VPN that gives you a US IP address and then log in to your account. if they start banning everyone who shows a different IP then there will be a lot of users banned. although, they may ask you for some sort of account verification again. making a withdrawal was a good choice.
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i don't think so for simple reasons. bitcoin price has always been determined on exchanges and these exchanges have always been small despite growing bigger over the years. introduction of ETF is not going to change that. so for example when there is a large injection of money into the exchanges from people to buy bitcoin (for example last year when 1 million new users were signing up on Coinbase to buy bitcoin per week) the price will shoot up the way we saw it before.
ETF existing is not going to change that, there is still the same sell orders on the same exchange with same volume (more or less) and when it is being bought like that, price will shoot up. same with when the same group panic sells. all the manipulation will also exist which makes things the same as always. ie roller coaster
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it is not lost just because people are trading bitcoin. it is still there for whomever wants to use it, it is just that more people are currently interested in bitcoin as a way of making money because of its price rise than people who are interested in bitcoin as a currency to benefit from its decentralization and the privacy that it offers.
and i don't think it is a bad thing. in a way it is the combination of two worlds: the decentralized world of bitcoin with the centralized world of fiat. and since we still need to dump our fiat to get bitcoin, we need that pseudo-centralization.
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2. China is ready to block access to more than 120 foreign crypto exchanges as part of the government's efforts. In addition, the Chinese authorities have banned local shopping centres and hotels from helping to organise cryptocurrencies and ICO promotional events.[/size][/center]
it is the "war" against ICOs that has been going around in a lot of countries because the situation with them gets worse and worse every day. with numerous accounts of scam and millions of money changing hand in this process it opens up room for a lot of illegal activities. people who love to talk about money laundering through bitcoin have never heard of ICOs. that is literary the easiest way of laundering money these days. you start one then inject your own millions in it as a fake investor and you now have your money cleaned up easily and effortlessly. additionally you get idiots to pay you money too so you can even increase your money. that is why everyone is banning ICOs...
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bitcoin has been around for about 9 years and from around the second year or third China has been banning cryptocurrencies almost every 2 months... or at least that is what the "media" has been telling you they have done. this time the source of the news is so funny! it is some dude from California owning a shitty small business called Dhanua Capital, posting a tweet! what really happened is that WeChat is no longer allowing any ICO advertisement on their platform.
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ETC, like any other altcoins is best used for short term investment because quite frankly these coins don't have a good future specially those ones that have an unlimited (with no cap) supplies and ethereum is one of those coins. it is basic economy of supply and demand which says with an unlimited supply the price will decline in the long run. on top of that ethereum is not the best smart contract platform and in the near future it will be replaced by a better one with much more efficiency.
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