ICO's are initial coins offering.
Not worth your time, good bait to scam newcomers though.
I agree with you in the fact that some ICOs are just cashgrabs, but there are a few that actually looks legitimate. You just have to filter through all the bullshit to find some good ones. I personally don't invest in ICOs though, as bitcoin and ethereum are still my go-to's. To OP: looks like you really don't know what you're doing right now. Don't be lazy and read alot of posts/threads about ICOs here in bitcointalk and other articles on other sites. Those questions of yours has been asked for a good number of times already that it seems pointless to answer the same questions every time. bitcointalk.org: What is ICO ?https://www.cryptocompare.com/coins/guides/how-to-avoid-scam-icos/https://icotracker.net/ |
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Bankers is mafia.
So are bitcoin miners and they control the coin.  Miners do have power and control over bitcoin to a certain extent, but the point is that it isn't just one single entity. The pools are diversified into multiple entities, which is good in terms of decentralization. https://blockchain.info/pools |
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Disclaimer: Unprofessional advice belowI think there's a good chance that we're currently in a bear trap, causing the price to drop probably a bit more back to the lowest price point we had (around $2950). Why? It has happened in the past countless of times, so it's possible to happen again; not to mention the weekend is coming, whereas prices sometimes seems to dip a bit. Though I'm not saying that it's 100% guaranteed that we're in a bull trap. Also, gut feeling.  No signs of crashing again for now though.
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I'm not actually surprised. Even though days ago I was trying to convince people to not 100% believe Charlie's tweet yet (as we didn't have proof), I already had a feeling that he was actually right. He claimed that he got the information from a "trusted anonymous source". I'm guessing that that source is his brother, Bobby Lee, who is the founder or CEO(if I remember correctly) of the chinese exchange, BTCC.
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Who said it was the chinamen dumping the market ? Can you give us the poof about this one ?
As far as i know,the goverment banning the trade for their citizen and exchanger in their country,right ? So what if they buy or sell it off it ?
It was a strategy to push their economy/pump their financial,they are the leader and absolutely their decision will affecting the global market.
So,who is the buyer ? I am confident most of them are the chinamen and some of them are others.
They know how to maximize their profit,and also know how to retreat and repeat.
Just like before right ? So,do not thing about who is the buyer,but instead think how to maximize your profit in this opportunity
We don't have direct information that it's the chinese people that are selling. But knowing that they're the one's that are effected by the exchange shutdowns, it's most likely them that's selling. Also, trading volume of BTC:CNY has dropped drastically. https://coinmarketcap.com/currencies/bitcoin/#markets"It was a strategy to push their economy/pump their financial,they are the leader and absolutely their decision will affecting the global market." That's also you making a claim. Do you also have any proof about this one? Who are the buyers? Probably 90% of the buys are just buy offers that are set on exchanges by users if every bitcoin crashed (which it did). There aren't much buyers compared to sellers though, that's why the price crashed. |
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Those people who bought bitcoin a few hours ago already received a good profit.
Bitcoin pleasantly surprises me. I'm sure that now the price will only go up and there will not be any more sharp falls
In my opinion it's very possible for bitcoin and other cryptocurrency's price to drop more. The rise in price recently is probably just a bull trap. I'll take my chances and wait a bit longer. Not to mention the weekend is coming too, whereas prices usually go lower. |
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The fact that bitcoin has made a lot of people rich, so there's no reason for me to say that bitcoin is a scam.
I'm not saying that bitcoin is a scam, but not because something has made a lot of people rich, it doesn't mean that it's not a scam. Scams do make people rich too. No reason to put all eggs in one basket. Why not diversify? There are several altcoins out there that is faster, more secure and more anonymous. XMR, ZCash etc are great alternatives.
I don't think those altcoins you stated are more "secure" than bitcoin. |
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I have mixed some coins just now, and I too received a voucher code instead of (a) private key(s). Is it because the reserve ran dry? Step 2 mentions that all chips are withdrawn.
So far, every time that you get a voucher instead of the private keys to your chips has been because of lack of chips. I assume that for some reason there is very high demand right now, as it is not usually this way. The only time this wasn't the case was back when the fork to Bitcoin Cash happened, which forced ChipMixer (and many other services) to close and wait for security purposes. You can always email them about it to be sure and try to save your session in case it takes longer than it usually does to top up the chips. Maybe the high demand can be explained by the recent price drop/JC morgan interview/china's ICO ban => people getting scared, wanting to hide the fact that they own BTC, or maybe wanting to mix their BTC before withdrawing? That's a good theory. If I were residing in China this would definitely be my move. After so much cryptocurrency-related banning in China, the people are probably expecting more. Maybe they're expecting the Chinese government to "ban" bitcoin. again.  Damn though. I knew mixing is being used alot, but I didn't know the demand is THIS high. |
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While people are panicking, I personally prefer the optimistic approach, I tend to look at this price crash as a opportunity. Come on now, who doesn't want to buy cheap bitcoin? People are so afraid of downward charts that they forget how to zoom out on those charts and look at what our price was last year (roughly $600) and how much bitcoin grew in price.
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What the heck? last time I checked last night we we're still at the $3900-$4100 mark. And I just woke up after a night of all out drinking and prices are at around $3400 wow. Any new FUD? I read that the dump is due to a chinese exchange closing it's doors.
The FUD spread is that the government is stopping Bitcoin again.
We have seen this before.... Chinese sell... weak hands sell.... price dumps .... recovery comes eventually .... Bitcoin lives to see another ATH
Is the news about chinese exchanges closing confirmed now? or is it still only rumors? EDIT: nevermind. Chinese exchange: BTCC has will shut down on September 30 for those who don't know. Charlie Lee was right! |
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- DONT buy into a current bubble/pump! its waaay safer and more profitable to scout for low-end chart points and sell once you see a decent profit A.K.A "Buy Low, Sell High"
Just for the readers out there. A perfect example would be the pump and dump scheme that occurred months ago, specifically on Chaincoin(CHC) and Syndicate(SYNX). These 2 have been heavily pumped on multiple Facebook cryptocurrency groups. Chaincoin's chart:  Lot's of people has lost a huge number of their investments just because they went in blindly just because of all the hype and attention this coin is getting. Don't let history repeat itself, only learn from it. |
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It's funny how I see so much people panicking on cryptocurrency groups via social media sites saying like "it's the end of crypto!", "wtf why is everything crashing!?" as if they're expecting cryptocurrencies to go on a uptrend graph forever. LOL |
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That post was written when BTC was down by more than 60% from USD 1180,-. Right now we're down by maybe 25%.
In the bear market as a whole, the value dropped from $1180 to below $200. $1180 to $200 is a reduction of roughly 83%, so you would be losing more than four fifths of your coins' value if you held throughout that period. In some BTC bear markets it's been even worse. The trick is putting your coins (the ones that you're not using regularly) in cold storage somewhere that it would take a while to access them, so it takes a lot of thought to dump them and it's not subject to short-term emotions from price movements. If you have enough savings that you can still live comfortably if you lose all the coins, HODLing shouldn't be too difficult. Good lord that drop. I wasn't into bitcoin or cryptocurrencies in general at those times, but looking at those charts right now.. if I remember correctly bitcoin stayed at around the $200 mark for around a year or so? If I was a beginner at that time I would have probably said "fuck it" and sold at $200 because I would probably think it wouldn't rise back up, knowing it has stayed in that price range for so long. I also agree on your second statement, holding bitcoin somewhere less accessible. But damn that's definitely easier said than done. |
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Any idea which one of these are paid by those promoting their ICOs? Always weary of that kind of thing...
I'm actually fine with YouTubers being paid to promote ICOs. It's just simply another way of advertisement. As long as the YouTuber specifies if a certain video is sponsored or not. Let's take Michael a.k.a. "Boxmining" as an example. He promotes some ICOs on his videos, but he clearly states at the start of the video that that video is sponsored, which is very good in my book. |
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I'm not completely sure about this, but probably in the advertising field? I'm pretty sure alot of cryptocurrencies out there allocate a good number of their funds for advertising, as we can see in most social media platforms. Probably try sending resumes to some cryptocurrency admins if you have knowledge and some strategies in advertising platforms like Facebook ads, Google adwords, etc.
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At moment the news talk about BTC BAN for chinese exchanges.
First its a news that pops up on many websites. I dont hear its a government confirmed news.
I wonder there are so many ways to exchange BTC fast in everything. Most can be done online. Some can be done in neighbor countries. Agents can provide services for exchange. Credit Cards that convert BTC in minutes can be use in China as well. Chinese Tourists travel everywhere and have many ways to to exchange or open bank accounts.
I do not see any reason for a panic. But there is a panic. I guess its the lack of knowledge.
Or is it a hoax to drop the BTC price?
The rumors are about China banning exchanges in general, not only for bitcoin. I'm not exactly sure if China can access exchange sites like Bittrex though, as China always likes their own version of certain sites (Alibaba/Aliexpress instead of Amazon, Baidu instead of Google, Weibo instead of Twitter, the list goes on). Can you enlighten me about "Credit Cards that convert BTC in minutes"? I've never heard of such credit cards.  There's panic because China has a significant effect on bitcoin markets or cryptocurrency markets in general. But yea, alot of false news spreading and ignorant people just straight off believing those false news. |
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3800 seems to be pretty strong as for now, let's see what comes next - 4400 + or another dip to 3300 ?
Unless relieving news come from China best scenario is dead cat bounce to about 4000$ ( max. ) and price between 3400-3800$ for the rest of week. Very bad news can drive the price down to about 3000$ though. imho The funny and sad thing is, the news doesn't even have to be confirmed/legitimate for it to affect the price. It's pretty obvious how much ignorant people are invested into bitcoin and other cryptocurrencies. They just read a negative post of bitcoin from Wall Street Journal then BOOM. People start selling without even thinking twice if the news is legit or not. A perfect example of this is Charlie Lee's tweet spreading FUD. |
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Probably because of China possibly banning exchanges soon, and because of the recent Tweet of Charlie Lee (litecoin founder) saying that China finally banned bitcoin; which we all know is untrue and unconfirmed. Though Charlie Lee already deleted the tweet recently probably realizing what he has done.
Also, the "banning" of ICOs recently also did a significant amount of drop in price.
That's so LOL by Charlie Lee. For a guy who has been in crypto a lot longer than most of us, and a founder of one of the most popular alts at that, he still acts like your average trolling Bitcoiner. I love it! Anyway, maybe Charlie heard some solid info from his brother regarding China's ban? Yea, he seems to like bashing and trashtalking other altcoins real hard on Twitter. On his deleted tweet, he seemed so confident with his words. He said he got the information from a "trusted source". Is that "trusted source" accurate in giving information? Give it a few days. Only time will tell if he's right or not. |
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Probably because of China possibly banning exchanges soon, and because of the recent Tweet of Charlie Lee (litecoin founder) saying that China finally banned bitcoin; which we all know is untrue and unconfirmed. Though Charlie Lee already deleted the tweet recently probably realizing what he has done.
Also, the "banning" of ICOs recently also did a significant amount of drop in price.
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Bitcoin won't have an Initial Coin Offering since coins have already been circulating for years.
Do you even understand what ICO is?
I'm guessing OP probably meant what the effects of other new cryptocurrency ICOs on bitcoin in terms of price. As we all probably know, ICOs have been getting alot of attention from investors since the first ICO came out; millions and millions of USD worth of bitcoin and ethereum are being received by various cryptocurrency ICOs. In my personal opinion, I think ICOs has a huge effect on prices of both bitcoin and ethereum, since ICO holders most probably dump the BTC and ETH on exchanges after each cycle, effectively lowering the price of both BTC and ETH significantly. It used to be fine in the past, but as every week more and more new cryptocurrency ICOs are being announced, ICOs definitely have an negative impact in the market in terms of prices. I think its a minimal effect for bitcoin that is why we are seeing more people are buying bitcoin just to invest in ICO it is because of marketing strategy ICO as you can seen even in google advertising you see the ICO advertisement and also in other social media like facebook or a twitter.. Bitcoin is increasing value because they are using bitcoin as payment or ethereum as payment when selling ICO .. But it will never be a big effect if china will removed ICO because its only one country. ICOs definitely have less impact on Bitcoin compared to Ethereum, as more ICOs prefer receiving Ethereum due to the transaction fees and transaction times, but ICOs definitely do have significant effect on bitcoin prices. Where did you get your data/information about people buying bitcoin just to invest in ICOs? Can you link me to any source? Almost everyone knows that the majority of the offerings to ICOs are Ether. "But it will never be a big effect if china will removed ICO because its only one country." I disagree so so much. China has 4.2x the population compared to the United States of America. Also, take a look at the market volume of bitcoin alone; a huge and definitely significant percentage of the market volume is coming from China. Do your own research before making such statements. |
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