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16961  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO on: August 21, 2017, 05:15:41 PM
Most ICOs have been running and most ran successfully. So the no-brainer move for hackers/scammers would be to start one themselves for easy money.

So yea, definitely alot of scam ICOs out there. Just don't be lazy on just don't throw your crypto on random ICOs. Do research on them first. Look at everything, the developers, the community around the ICO, and especially the whitepaper. Take the previous famous ICO scam, eroscoin. Whereas it's whitepaper is 100% copied from the BEAVER whitepaper, but somehow it still raised millions because of the ignorance and laziness of the investors.
16962  Bitcoin / Bitcoin Discussion / Re: Do you think that in near future BTC would be connected with mobile number? on: August 21, 2017, 03:07:59 PM
Bitcoin is great for connecting to mobile devices
It will be convenient because everyone has a smartphone in their hands
It will help us pay goods by bitcoin
However, another problem is that it's not safe, imagine when you lose your phone, all of your bitcoin will lose.

What LOL? But you don't have to have your mobile number connected to your wallet to spend it via mobile? We've had mobile wallets for more than a few years now. What you said makes zero sense.

Same as if you lose your computer, or your hardware wallet, or your paper wallet, or any other wallet. That's what the private keys are for. How the heck did you reach Full Member without knowing that. Huh
16963  Bitcoin / Bitcoin Discussion / Re: What makes you trust a new cryptocurrency? on: August 21, 2017, 12:21:29 PM
It's a combination of a lot of things, but a good chunk of my criteria and the first thing I would check would be the developers. I always make it a habit at looking at the developers first, whether or not they've worked on similar projects in the past or if they're currently developers of some different project. If ever I'm not familiar with the developers, I do a thorough search on their names as to know if they're actually real people/developers and not just some made up names just to get people to trust them.
16964  Economy / Trading Discussion / Re: Can I gain an edge in crypto trading? on: August 21, 2017, 09:21:00 AM
You've listed some decent points, but personally I think it's heavily depends on what kind of trading you're planning on doing, shortterm(daytrading) vs long term trading(hodling). Personally I think the points you stated(a,b,c) are more towards longterm trading. When doing short term trading, I think it depends alot on hype/publicity/shills of a certain cryptocurrency. Let's use NEO(NEO) and Bitquence(BQX) as an example. They've been kinda steady on a low price in the past, but then alot of people on Facebook groups and on Reddit started shilling on these coins weeks to months ago, guess what happened? They skyrocketed, since everyone got too excited with the prices and started buying. This is also a perfect example of FOMO or "fear of missing out".
That’s a good point and one I wanted to incorporate in OP but left out to keep it simple.
Initially I set out to just buy and hold BTC and ETH (+1 year unless they come crashing down) but digging deeper into the crypto space I am now curious about trading in any time frame (I have the time).
What are the rules of thumb in terms of time intervals when people talk about short/long-term trading?
Nice examples. I looked up NEO and looking at the graph from the launch of the coin, the sudden increase is even clearer.
How do you handle a scenario like that? Say you notice a coin getting a lot of hype months after going steady and prices increase slightly – do you buy in even if you don’t believe in long term prospects but just to ride the ‘pump’ and sell before the 'dump'?
On FOMO: When/how do you decide that you are late for the party?

There are no like "standard" time intervals when talking about short term and long term trading. Personally I think short term is like at the 1-4day mark, whereas beyond that, you can probably call long term or semi-long term depending on how long it is. Whereas buys and sells that happen in the same day are called "daytrades" or "day trading".

Honestly, personally I always go with my "gut feeling". If I see that it has risen up a bit but not too much and at the same time that certain coin is still getting so much hype, I'll most likely cash in a bit. And yes. Even if I don't believe in the coin, even though I think a certain coin is so stupid, I still cash in a bit and sell immediately at a certain point just to get a bit of profit.

The thing is, you don't. That's one of the beauties and dangers of crypto trading, is that it's almost impossible to know what the highest price can be, so it's also almost impossible to know if you're late or not. Sometimes I still go in even if I feel I'm quite late, but I only rack in a very small amount. Just for the shits and giggles. Again, go with your gut-feeling.
16965  Economy / Trading Discussion / Re: What's The Minimum Investment? on: August 20, 2017, 11:41:35 AM
There is no minimum. But would you deposit $1? Ofcourse not. Transaction fees are like $2 so depositing $1 in bitcoin would definitely not be a good move. You can start with $5 or so, but don't expect to make big bucks with that amount, as that amount would only be good for doing a few trades to test things out. If you're looking for profit, probably a minimum of $100 IN MY OPINION. Anything lower than that would probably be a waste of time. I'd rather get a day job than seriously trade for profits with low amounts.
16966  Economy / Service Discussion / Re: Another attack on TREZOR! on: August 20, 2017, 11:30:27 AM
I've already read a few posts about a vulnerability on Trezor, so I wouldn't say that they are "attacks", as Trezor already acknowledged this issue. Trezor actually posted about the vulnerability on Twitter in the past and how they're already looking at it: https://twitter.com/TREZOR/status/898532238542950400

Also,  Trezor recently tweeted claiming they fixed it on the latest 1.5.2 update. I honestly wouldn't be too alarmed by this though, as a hacker would actually need to physically steal your Trezor to crack it.
16967  Economy / Service Discussion / Re: Is Bitmainmasters.com trustworthy? on: August 20, 2017, 07:29:20 AM
Googling bitmain, bitmainmasters.com doesn't appear on my side. What you probably saw is most likely an advertisement.

Doing a bit of research, I'm not sure if it is a scam, but it most likely is. Here's the whois result:
Quote
Domain:bitmainmasters.com
Registrar:Network Solutions, LLC.
Registration Date:2017-04-03
Expiration Date:2018-04-03
Updated Date:2017-04-03
Status:clientTransferProhibited
@domaindiscreet.com

Looking at the registration email, I think it looks like sort of a disposable email. Though I'm not 100% sure. It also has a video of their "mining operations" on their mainpage, which is a video from 2014. They probably just youtubed "bitcoin mining" then found that video and claimed it was theirs. Also, I couldn't even find reviews of the website, or any posts about it at all on bitcoin/cryptocurrency forums. I would stay away from it.

If you're looking at buying miners, go to the reputable sellers instead.

I think I know the difference between an ad on google vs an actual page ranked indexed site.
Regardless.
I do believe they're a scam, but how come they haven't been heavily reported here?

After more checking, bitmainmasters.com is very badly ranked Google(not even in the top 10 pages), so I highly doubt bitmainmasters.com is a ranked indexed site. Though this can depend on the geographic location of the person searching. At the same time, I'm not seeing any ads of it when searching the term "bitmain", so I'm really unsure on why it appeared on your side.

bitmainmasters probably hasn't been reported here because it's probably a very not-famous scam site, or probably because it's a newly made website, yet to be advertised by the owner.
16968  Economy / Exchanges / Re: How to generate a new deposit address in Poloniex? on: August 20, 2017, 06:19:18 AM
I don't want to send all of my coins to the same damn address. Why isn't Poloniex letting me generate new addresses to deposit in different transactions using different addresses? Fuck these guys if you can't.

What exchanges that have BCH listed will allow me to generate different deposit addresses? I want to dump all of my BCH for once, but I can't send it all on a single batch, I need different deposit addresses.

What would be the benefit of having different deposit addresses, besides the privacy aspect?

I'm not completely sure in Bittrex, but I remember changing deposit addresses a few times. Though there might be a limit, once a day perhaps? Might want to try it out. Bittrex.com

I don't suggest depositing any cryptocurrencies on Poloniex by the way, there's been alot of issues with Poloniex lately, whereas alot of people are claiming to their coins being locked up on Poloniex, disabling their withdrawal option for some reason. Also, their support hasn't been replying to the complaints for a couple of months already. Might want to read these posts:

https://www.reddit.com/r/PoloniexForum/comments/6uojxu/poloniex_account_has_been_locked/
https://www.reddit.com/r/ethtrader/comments/68tqxr/poloniex_account_locked/
https://www.reddit.com/r/Bitcoin/comments/5qhaud/am_i_the_only_one_who_has_their_poloniex_account/
16969  Other / Beginners & Help / Re: Games for eaning BTC on: August 20, 2017, 05:14:10 AM
There's this one android app I saw months ago, sort of like a coindozer whereas you can win some satoshis. I don't suggest using apps like these though, they're pretty much just bitcoin faucets(which is a huge waste of time in my opinion) that's just made to look like a game. If you really like to earn while playing, then the answer would be poker/blackjack/dice gambling via sites like betcoin or primedice. Though these would require you depositing money ofcourse.
16970  Other / Beginners & Help / Re: Can you explain what a Masternode is ? on: August 19, 2017, 05:29:50 PM
To put it simply, a masternode is where you can generate yield just by holding a certain specific amount of cryptocurrency. Sort of like mining, but without all that hardware expenses. A good example would be DASH, whereas you would need 1000(correct me if I'm wrong) DASH in a local wallet. So to answer your question, yes you need an initial investment to run a masternode.
16971  Other / Beginners & Help / Re: Can anyone help me track my stolen ETH? on: August 19, 2017, 04:15:24 PM
If you want help recovering Ether you should post this thread in the forum dedicated to Ethereum.

You'll find the Ethereum Community Forum here. https://forum.ethereum.org/

Not sure how posting on the ethereum forums can help OP to recover his/her eth though, as he/she said that he/she fell for a scam that caused his/her eth to be stolen. We all know that transactions can't be reversed. But then again we don't know OP's complete story yet.
16972  Other / Beginners & Help / Re: Can anyone help me track my stolen ETH? on: August 19, 2017, 03:38:49 PM
Sorry but, why are you trying to trace it? What are your intentions? Huh Just understand the fact that they're gone now. There's no way to get it back no matter what wallet your ETH ends up in. Don't waste your time and emotions by trying to track it. Not to mention tracking it can also be a huge headache. Hopefully it isn't an expensive lesson.

Also, I think there's no way for us to know if the final destination wallet is a wallet of an exchange or not. Correct me if I'm wrong.
16973  Economy / Speculation / Re: from $4350 now down to $3860 per BTC.. what is your prediction ? on: August 19, 2017, 02:26:53 PM
and i also read an article bout BTC that they will dump it to 3600 and pump to 4500 is this correct ? well what ever happen all i want to see  bitcoin goes up  to 4500 or even 5000 because i bought BTC for investment
$4350 to $3860.. and now an hour later, back to $4100. lol

There are lots of articles about people making predictions. Some are predicting a crash, some are predicting that it would skyrocket. What should you believe? NO ONE. Read the news instead, understand the updates, the current buy and sell graphs, then make your own judgement. Because no one can predict with 100% accuracy what's gonna happen to bitcoin in terms of price. Bitcoin is alot less unpredictable compared to stocks(because bitcoin and crypto is super volatile), so your guess is just as good as ours.
16974  Economy / Trading Discussion / Re: Manipulating coin prices/Profit exchanging on: August 19, 2017, 01:12:43 PM
First off, there's no such thing as stupid questions. We all have to start somewhere. Right? Tongue

Well. Easy to say, yes that would be the right move. The hard part is, when to buy or when to sell, as it's quite difficult to determine the price low and high points of a coin. Also, patience is a huge role here. It could possibly take months or probably years(though it isn't likely). Lookup the price graph of Siacoin. It's a good example.

My advice to you would be to deposit a small amount of money and play with it for a few days. Just so you get a feel of the cryptomarkets. Then when you think you're ready, then go with a bigger amount. Best of luck.
16975  Economy / Exchanges / Re: Who do you know about exmo on: August 19, 2017, 07:56:28 AM
After a few minutes of researching, exmo looks to be a legitimate cryptocurrency exchange, as it's also listed on reputable sites like coinmarketcap and bitcoin.com, though I can't say if it's a good exchange or not. Exmo in my opinion has a decent modern user interface, but for some reason Exmo's exchange section isn't loading well for me, as it took like 30 or more seconds before I could choose what cryptocurrency pairs I want to exchange.

Though Exmo looks like a legitimate exchange site to me, I'll currently stick to more reputable exchange sites like Bitfinex and Bittrex instead.
16976  Economy / Trading Discussion / Re: Can I gain an edge in crypto trading? on: August 19, 2017, 06:53:17 AM
You've listed some decent points, but personally I think it's heavily depends on what kind of trading you're planning on doing, shortterm(daytrading) vs long term trading(hodling). Personally I think the points you stated(a,b,c) are more towards longterm trading. When doing short term trading, I think it depends alot on hype/publicity/shills of a certain cryptocurrency. Let's use NEO(NEO) and Bitquence(BQX) as an example. They've been kinda steady on a low price in the past, but then alot of people on Facebook groups and on Reddit started shilling on these coins weeks to months ago, guess what happened? They skyrocketed, since everyone got too excited with the prices and started buying. This is also a perfect example of FOMO or "fear of missing out".




Unfortunately I can't comment on your poker skills being relevant or not in the world of crypto trading since I have little to no knowledge in poker strategies. I suggest you start trading using small amounts first, to get a feel of the markets.
16977  Other / Beginners & Help / Re: Install desktop Wallet onto a USB Stick? on: August 19, 2017, 06:23:05 AM
if i was you i won't do that,
for me it's more dangerous doing that other than keep it in desktop,
everyday i am using USB as a place to transfer my data and i am connecting my USB to many computers,
and from my experience USB data,it's very easy to get infected by viruses,
all of my viruses in my computer come from USB
so i would not doing that.because i don't want to lose my money from doing that i am not really sure about it,

i prefer to not doing that,but it's up to you

It's actually a good idea. The reason to store a wallet on a USB stick would be to prevent malware or viruses from your main computer from accessing your wallet. It won't make your wallet invincible to hacks, but it does make it ALOT harder for the hackers. Your points are valid, but if you use common sense you wouldn't use your daily flashdrive to store your wallet(as that would be very stupid), you buy a new separate one solely for your wallet.

To coinsgod(OP), a hardware wallet like Trezor or Ledger Nano S is twice as better, but if your budget couldn't afford it (as they're worth like $70-$100), then a wallet on a flashdrive is definitely a good alternative compared to installing your wallet on your personal computer.
16978  Economy / Service Discussion / Re: Bitfinex doesn't make you feel Mt Gox 2 is on the way? Or it's just FUD? on: August 19, 2017, 04:26:58 AM
I don't think you're understanding that article completely.

How is Spoofy(whether or not he/she is actually a real person, and not made up just for FUD) a huge trader/price manipulator connected to the hacking of Mt. Gox? Based on the article you linked, Spoofy is said to be an entity or a person that manipulates the price of bitcoin most likely for his/her personal gain. Whereas MtGox was a famous cryptocurrency exchange that filed bankruptcy from 2014–2016 due to a massive security breach. They are not directly related in one way or another whatsoever.
16979  Economy / Service Discussion / Re: Is Bitmainmasters.com trustworthy? on: August 19, 2017, 03:40:39 AM
Googling bitmain, bitmainmasters.com doesn't appear on my side. What you probably saw is most likely an advertisement.

Doing a bit of research, I'm not sure if it is a scam, but it most likely is. Here's the whois result:
Quote
Domain:bitmainmasters.com
Registrar:Network Solutions, LLC.
Registration Date:2017-04-03
Expiration Date:2018-04-03
Updated Date:2017-04-03
Status:clientTransferProhibited
@domaindiscreet.com

Looking at the registration email, I think it looks like sort of a disposable email. Though I'm not 100% sure. It also has a video of their "mining operations" on their mainpage, which is a video from 2014. They probably just youtubed "bitcoin mining" then found that video and claimed it was theirs. Also, I couldn't even find reviews of the website, or any posts about it at all on bitcoin/cryptocurrency forums. I would stay away from it.

If you're looking at buying miners, go to the reputable sellers instead.
16980  Bitcoin / Bitcoin Discussion / Re: If you could give "past you" advice what would it be?? on: August 18, 2017, 05:05:15 PM
Ehh.. alot of things. Painful to think of actually, know that starting a year later in cryptocurrency would be a huge huge deal in terms of possible gains.
  • Don't base your opinions on reddit,bitcointalk,facebook posts. Research everything.
  • Don't be lazy and read the fookin whitepaper.
  • Don't be too impatient and use market trades. Wait the prices out a bit.
  • DONT GO ALL IN ON ONE CRYPTOCURRENCY

Those are just some. Thinking of all my mistakes is pretty much like slapping myself in the face. Well atleast I've learned from them already.   *maybe*
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