Not all coins are a scam. That said, bitbean isn't exactly a top notch coin there. And the lead dev is basically bonkers, assuming the same fellow is in charge who was lead around 6 months ago.

As for buying at 3, and then only finding orders willing to buy at 2 ... that's how buy/sells work on exchanges. If you wanted to buy at 2, then you should have put in an order at 2. Don't buy at 3, then notice there are no buy orders at that price and then complain about it.

You only put in like $15, so it's not like a huge loss. Consider it a learning experience. And just hold onto the beans if you don't want to take a loss -- maybe some day the price will rise. Or collapse... who knows... again, we are talking about a mighty $15. I recall some fellow in bean chat commenting how he lost 90K because the bean dev wouldn't bother getting the coin on other exchanges before bittrex delisted. He has a right to complain... a $15 order from someone apparently new to exchanges and prices, not so much.

Comes across a bit like a pyramid scheme. But that's sort of what all early investor projects look like. I guess it just looks worse here because of the bear market + lockup terms changed.

And yeah, once all of the tokens are in circulation, things may not look so pretty.

Boycotted is too strong a word, but until we see some upward movement with alts, not so sure investors will exactly flock back to altcoins. It'd also help if BTC at least inched forward a little bit ... instead it seems to be falling back.

I don't think Matic had anything to do with margin trading, but yeah, it's probably not a bad idea to cease margin trading on coins without liquidity. The market is already volatile enough as it is. Even BTC can swing crazy from margin trades sometimes ... not sure how little dinky coins could handle it.

If BTC was a bit higher now and the alt market not so dire, I'd probably have a rosier expectation for 2020. As it is now, I expect BTC to follow LTC's halvening pattern, meaning any boost in price will be priced in earlier than expected ... afterwards expect a fall. And as for alts... who knows... I'd like to think it can't be as bad as the past two years have been.

Seems realistic to me, just as McAfee's predictions have been spot on.

The real takeaway is that no prediction from anyone at all is worth anything. Never has been.

The dump wasn't that unusual, just the speed of it kind of was. Typically when coins dump like half their value, it tends to at least take a couple of days or a week or so. At least for coins with any real volume, dinky alts can pump 3x and crash 3x in like an afternoon.

I just hope we don't see another bear (or super-bear, I guess, as we are already pretty bearish) market due to IEOs all crumbling to pieces, dragging down the entire market even further.

"Project has a NEW and REAL use case"

Right there is a pretty tough rule, as only a handful of coins have a real use case to begin with. I don't define exchange coins, or coins that could be used as cash (but isn't).... or copycat etheriums, as real world use cases.

So beats me what project qualifies and actually looks like it has a chance to succeed.

The size of that type of dump isn't unusual, but the speed kind of is, at least for a coin in the top 100. I suppose some whales got cold fins and decided to dump all of their holdings... probably IEO holders who thought it was time to cash out.

Agreed. I think just in comparison to altcoin seasons, it seems a bit odd.

What does seem unusual however is the almost complete lack of any real upwards movement for any alts (I'm not counting the little coins that do their pump thing). The entire market has been pretty stagnant or in decline. I remember years ago that even in bear markets, we'd at least see the occasional coin do the 10x thing once in a while. Nowadays 2x seems like a miracle.

It's pretty difficult to assume history will repeat in the same fashion. Sure, some coins may be worth a lot years from now, but at the same time they may basically vanish. It's not a bad idea to hold onto at least something, just that I would say consider it lost money.

For many coins that means they will never reach their ATH again.  So if whales pump a coin, they may get some new investors just based on that pump ... but whales will dump early knowing they have earlier holders patiently waiting to dump as well.

If an airdrop requires KYC, I wouldn't bother with it. In fact, it's probably not worth bothering regardless, as most of the time the coins end up being close to worthless.

I guess one exception might be the energi airdrop, but not sure if they plan to do any more of those.

It's safe to say we aren't going to see much of an alt season just yet. Perhaps 2020 after the halvening, although it'd be nice if we at least saw some positive movement before then. I think ETH will be the primary factor ... if it goes up, alts might follow.

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The thing is, nobody can say what is undervalued or not, since prices are mostly based on speculation, not real world use. So folks could claim most crypto is still overvalued ... and nobody could even say they were wrong.

Personally I think good coins (top 5-10) are undervalued, and there are some gems within the top 100, but that doesn't mean much really. BTC remains king, everything else is too tied into BTC prices to really stand on their own yet.

Although there may be some similarities to the 2000s dot com bust, there are some key differences too. First off, a coin doesn't actually need a market or income to just keep chugging along ... unlike companies that kind of go out of business. There are tons of semi-comatose coins out there, with or without developers, not quite dead, and still sold on exchanges. So I'm not sure that most coins will exactly die, just that many will stumble along in a zombie state so long as exchanges exist.

Probably too many newcomers lost money during 2018, so they are a bit wary of reinvesting into crypto right now. We'll need to wait for whales to make their move -- if they start pushing up alts, then other money may begin to flow in.

Probably not the wisest move to invest in coins with little no liquidity. One exception may be for newer coins with both low volume and low liquidity, as perhaps as time goes on both will pick up. But if you see high volume + low liquidity, you know the numbers are faked. The sad thing is that even for 'good' coins we see a lot of wash trading.

I don't foresee ETH ever overtaking BTC. Now it may do well (and hopefully better than currently) but there is too much ground to make up to surpass BTC. A flippening of sorts is always possible years from now, but it'd likely have to be a coin not even introduced yet.