I believe they have lost many peoples deposits over the years. They have been working in the industry for years and I have seen (mostly on reddit to be honest with you) that they have lost their money. Just go to reddit website, go to bitcoin subreddit and sort if from top of all time and you will see that there are many people who complain about coinbase not giving them their money back or freezing their account or not acknowledging the deposits of either bitcoin or fiat.
Basically, they are doing whatever they can to steal your money but they are not doing it to everyone, they are doing it to very few people because they do not want to get caught since that would be the end of their business, you can't do that frequently or people will suspect something is off.
If that is the case, then it is already become so glaring that they are stealing people’s fund and it is going to be a matter of time before people starts abandoning their services for more secured exchanges. It can really be discouraging when you put your trust in some of these reputable exchanges and they ended up being the ones to be killing their users silently,the next thing you will see now is that they hacked them, and then shutting down. Sometime I feel some of these hacking is an internal thing which I suspect in the case of cryptopia just to run away with the remaining user’s money. |
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One thing that I have learned from all my time here is that holding the little known alts is not worth the effort. First of all, there is a great chance that these coins will become dormant in a matter of few months. And secondly, you need to store them in the exchange wallets, as installing the desktop wallet for each of them is not a good idea.
It is not every known altcoins that is not worth given a try for investment or trading, I know the trend has been for new projects for investors, most especially for new investor, which is why some older coins are not seeing much growth again, not because they have had projects, but because investors are beginning to engage more on new projects believing that they will give them better profits. We still have old projects that people will shift their attention to later in the future when the table turns, because I am not much impressed with newer projects has they having nothing that much to really offer. |
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We do not need a global currency we just need a digital currency, right now we have a global currency that is %100 internet based, its bitcoin (well others too). I mean what do you mean by a global currency, the fact that governments should accept it? Well governments don't have to accept it, can I go work in Europe and earn some euro? Yeah sure I can, can I then buy bitcoins with it? Yes I can, then can I go to ANY country in the world and cash out my bitcoins? Yes I can.
This is the real proof that I can spend my euro that I earned from working in Europe in anywhere in the world, hell I don't have to go there personally, most things are sold with bitcoin now so I can just order something from anywhere in the world as well. As you can see we already have a global currency and its totally 100000% internet based.
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2018 wasn't even an exception, if you bought at all time high of 2017 December peak then yeah you would be down right now but the 2017 lowest is still lower than 2018 lowest which means if you managed to buy at 2017 lowest than you would be still in profit x3+ even on the lowest price of 2018 so the yearly lows is a great indicator of bitcoin going up.
For example, if you bought this years lowest (which was about 3.4k if I am not wrong) you would still be profiting even today let alone god knows how high we will be in 2020 so it would be a great investment for anyone. The issue is we are always too late to understand what the lowest will be, it goes down and we think that is bottom and we buy which afterwards it goes down even more, that is why knowing bottom is more important than knowing the top.
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I don't know why some people don't think whether there is ever going to be a second chance for them before committing any suicide. That's very bad and shouldn't be done. If you're here and you're thinking of the same thing, stop it… that you lost everything doesn't mean that the world is over, that might even be the time you are about to see the biggest blessing ever come into your life.
Always give life as many chance as you can and keep on working hard. And just like the up has said, being greedy is very bad and can lead any trader to being a complete loser. Every trader should also know how to manage risk… that's very important. And stop trying to so hard, if your trade is not going well for that day, just forgetting it and wait for another day.
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Is it just me? The news about this seems have a less impact or doesn't have at all. Maybe because it's India, a 3rd world country. I don't feel the impact and there's no major talk like, others are panicking or something like that and it seems they aren't worrying. Well, I won't be surprised though.
Yeah, just as nobody panicked when the first news about the ban spread. And the reasons are not just because it's a 3rd world country its because there is no volume on the exchanges, there are no shops accepting, no ATMs, no nodes, no mining, ...basically, nothing that can be considered. There are countries in Europe /100 of the size in both population or GDP but which have a far bigger impact on the crypto environment. Imagine one of the countries in EU seeking a ban...everyone will panic as they would fear the ban would spread to the largest economy in the world which is the union. India...meh.. Another reason for the lack of reactions is that even if its adoption or banning people know India's government will do a shitty job at it and the results will b equal to zero, so no real change whatsoever Maybe you are right because India is a third-world country, but look at what happened to Bitcoin when China released a news like this.
. India is not China. Not even close. Not even a thousand miles close. You know the confidence that people have in cryptocurrency? It is fact that it is an anonymous coin, and whatever transaction goes through it cannot be traced, so people are still not scared of using it even when such pronunciation is made by any of those great countries. Did china too not make a pronouncement recently as regards banning miners from their country which I think they did, yet, there was no little effect of it on the market and people are still going about their crypto business as if china never exist, so right now, I don’t think there will be any FUD news like ban or whatsoever that will ever out an end to crypto. |
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Of course, it is not the same to speak of a decentralized economy than of cryptocurrencies, but we do dare to place them at a close level for their contribution to it. Spain, Switzerland or the United States are examples of such systems, and it must be said that virtual currencies have already reached them.
Lols, Last time I checked Spain, Switzerland and the United States were not in the stone age. Decentralized economy? Go in the wilderness and start trading with bears and squirrels if you want a decentralized economy. When somebody will start selling counterfeit expired milk with the same package and labels as your farm but you have nobody to turn to because there's no authority left you're going to regret the tyranny of the centralized system. With all the blockchain hype all people only speak about decentralization, like is a miracle cure and pointing at it like being a natural solution. Then start with your own body, I'm pretty sure the legs and arms are tired to only obey the brain!  Yeah, decentralized economy is pretty much like communism, it seems to be amazing in theory but then reality hits you hard. We are not ready for a decentralized economy, humans are too greedy for that, maybe in the future when only AI is left. It is not something we should even dream of, so long we are dealing with humans who are naturally lawless in nature, decentralizing the economy will create lots of chaos, there will be lots of scam, lots of fraud, lots of things happening that will go against the law. In fact there will no longer be authority that will function well. What are we even talking about, who will ever approve this, this is just a little fantasies which can never in the op’s wildest dream ever happen. We are still fighting hard to get decentralize currency approved and now we are shifting to decentralized economy? Absolutely impossible. |
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As far as I know day trading ends up bad and ugly for many traders. Although it could be very profitable it's also very risky and many don't manage to make profit and often struggle with loss. It brings a lot of pressure and not everyone can hold that. But it's good to try and see where your limits are.
Those who suffer losses a lot in day trade really need to examine themselves and their trade and be sure that they are doing the correct thing. There is no way someone who has the right strategy and skills will make mistakes of losing their trades. Majority of trader that loses their day trade is either greedy type or the are using instinct to place their trade order, and these people are bound to fail woefully, for one to really not suffer loses in trading crypto, one needs to be focused, be happy trading, never to be greedy and the most of it all is to study hard to show thyself approved when he gets to live trading. |
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I think there is nothing really about disclosing your coins. You can tell people precisely about your coins and they can ask for your guidance in buying coins as well. It will in fact enable you to create an impact on the lives by guiding and enabling people to make money by investing in crypto. So yeah, you should really do that.
You know the people you talk, you don't just disclose easily, if he is interested, maybe you can share something and test his interest. Trading crypto is different that trading stocks, people will judge you and might call you are doing some scammy investments, they are close minded, you should not talk to them about that, only tell people whom you think will understand and open minded, they are the ones who can really help the market grow. I don't think we should close our eyes so that other people have same view with us. I have a friend where he is not interested in cryptocurrency, he prefers to trade forex. I think it's about personal comfort It is good you did not impose it on him, at his own time, he will eventually find his way to see why cryptocurrency trading will benefit him more than the Forex trading. The good thing you have done is to at leasthint him on what cryptocurrency is, and there will not be any excuse coming from him in future when everyone is taking profits in 6 zeros and he is not able to make anythingbecause of his disbelief in the system. We need more adoption of cryptocurrency and high percentage of it may come through our awareness to people, and this case of you and your friend should not really discourage you in so reading the news about crypto. |
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One thing I do know about cryptocurrency is that anything that happens here is temporary, and not permanent like some people might say it is. The price will go up at anytime, but I don't think I want the price to get pass the current rate ($8000) or better that it stops at $10,000. The reason I'm saying this is because I'm bothered about the transaction fees and I'm wondering what the transaction fees is going to be this time around, especially when the price gets above the $20,000 of the last bull year (2017). Since fees gets high as price increases, that means we should all be expecting high transaction fees. I'm lucky I'm using a wallet that lets me move straight to my bank account in case of any bullsh*t.
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It's a normal thing, when things go bad, you will start to have very bad feelings and start to feel depressed, some people are not able to hold themselves together, before you know it they will do something to hurt themselves. I think the best thing for anyone to do is avoid things that will always make them feel low in their life to the extent of killing themselves. Don't be addicted to gambling and have it in mind that gambling is very risky, so don't use all your money to gamble, have other things you do as well and just play gambling for fun. If you put everything you will just end up losing all of them.
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This is really nice, the site looked simple. But why are some. Features there not showing up, are they disabled or what? Just like the bitcoin price chart from Binance that is not showing? This game is an interesting game to play, but the truth is that it is not easy to play, trust me, it is not. It sounds like it is easy but bitcoin and altcoins prices are difficult to predict, so you're still going to find it difficult.
We'll, it's all just for having fun. If not, I wouldn't be trying it. It's almost the same. Thing like trading, you will have to do analysis to know where the price is heading to or you can go ahead and play blindly.
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So how does the the Giftbox work? How does one get the $4000 Offer… do we have to make use of the site and play the games and reach a certain requirements before we get access to it? And I noticed that there is no faucet in the site, but that's not really much of a problem for me because all you casinos, your faucets are always useless, it's even best to just deposit money and start playing instead of wasting with the Lind of faucets you're all offering. I have never gotten any decent amount from the faucets all these Casinos are showing, all I get is rewards that are worst than getting pennies .sucks!
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In three years how I got started in cryptocurrency tried about ten different stock exchanges and it seems I was lucky that I did not fall on those that have been hacked, is now in general use Binance and Bittrex
Even though you are lucky, always be careful to secure your assets. Avoid phishing websites, install paid antivirus, try bookmarking websites, and save your password in a safe place. I don't think installing antivirus could help you avoid phishing sites nor installing virus on your computer. It actually making it worse. After all, antivirus devs are the people to work on creating viruses in order for their business keep on track. Probably bookmarking, remembering the domain(.com, .org, .ph and etc), being aware on news about the exchange might help and secure yourself from phishing sites. It does help a lot, if the antivirus you are using is gotten directly from the company and paid for. Majority of us use some of this cracked ones, and what is in it for the provider, if not to also give us a cracked version that has some of these phishing coding embedded in them. So the best way to get a good antivirus to protect our system is to buy and originally licensed one from the company. The most important security for our personal wallet is to make use of very strong code that will make it very difficult for hackers to hack. We have some combinations of codes that it will take a hacker over 100 years to be able to crack. |
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I do use stop loss too for my trades now and I didn’t learn to appreciate this tool until I learn the hard after losing my trading money completely to greed and when the market started working against me, I had several opportunities to stop my loss manually but you know the thing with human mind, I kept hoping and believing that the market will pick back till I lost my trade completely to leveraging, and since then, I don’t trade manually again, Once I place my order at a convincing value, I set my take profit automatically and set my stop loss automatically, then close my trading platform with the hope that there will be a good news when next I visit the platform.
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As I am new to this, not very new but in comparison of all the senior members here.. what's your view on the above tokens? I have started building my Portfolio....Please suggest some more tokens to be included, apart from BTC and ETH.... ( these two are all time favorite for anyone i guess ) TRX I know of, XLM I know of, but I know eth not XRM, but from your selection of coin, I think the coin will also be good judging from the 2 you have which are one if the greatest coin that we have in the market. There are still plenty of other reliable coins, but I can guarantee you that these ones are safe, they have very strong team with lots of development and I am sure they are all successful work in progress. You can add them to your portfolio, but will advise that you also add any of these 3 to your portfolio if you cannot afford to make investment in all, and these 3 coins will be BNB, NEO and EOS, these ones are future guaranteed too. |
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If you're quite new to crypto, I would advise to stay away from IEOs and ICOs. Early price movement on a new coin is entirely speculative - if it's a new project, then they have nothing to show yet except a white paper and a roadmap. Also many new coins drop in price as soon as they are tradeable, which is another reason to stay away.
It takes a lot of knowledge to see through hype and understand which projects are worth investing in at that early stage. Stick with established coins first, and then move into initial offerings later if you want to.
There is also the fact that IEO's have become massively over-hyped, especially the Binance ones. It's like the ICO-fever of a couple of years ago all over again. Certainly there are a lot of good IEO's and ICO's, but there is also the stuff that is not really worth it. So the key is always do plenty of research prior to jumping in. Don't just FOMO your way into some unknown new coin. I am aware most system all has their own disadvantage and their own advantages too, but I chose to hold on to the advantage part of it. Like you mention, you said it was like ICO fever few years again, and you will agree that this ICO fever is what led to our bull run then, investors were pumping money into the market because the ICO was not too saturated then and investors could easily get reliable projects, but now, reverse is the case, investors are not much again looking at the side of ICO, that is why we need the hype IEO can create now so that the bull run of this year and next year can be an interesting one. |
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I was surprised by this list, I was worried that there would be no safe exchange to save crypto assets.
It should be a concern that security is important and users must get a guarantee. I like binance with their guarantee after the Hack case (SAFU).
Hopefully other exchangers will do the same thing with what Binance Exchange does by insuring their exchangers so that if something goes wrong, someone can be responsible for the funds of investors and traders. I am agree with your viewpoint to insuring their Cryptocurrency Exchange Software like Binance for getting ready for any bad happening in future. It will also keeps the trust of the traders and investors at your respective exchanges. Unless user will move to much safer exchanges which will not be good sign for you.. I am very sure that they can never be hit second time again, and would have put all the necessary measure in place to really guide against this, because if they get hit the second time, this may be the end to their reign, now that people still believe that it was just an over sight which has been sorted, they should better keep it that way and retain their respect in the eyes of the public. I know that no one is above mistake, but that was a costly mistake for them to have given themselves bad record amongst these smaller exchanges, I am sure they will not fee happy now being listed among exchanges that has been hacked. Anyway, they have gone past that already. |
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Sometimes, our analysis depends on what we believe.
I respect your analysis, Op but we still couldn't hide the fact that the market could possibly drop down unexpectedly anytime.
However, the market situation is still showing that it could possibly reach the best value this year.
It's just hard to finalize or conclude an exact value for now.
It is very normal for market to drop most especially when it gets a long stretch of increase, but that doesn’t mean it is dropping low to stay there for a long time, it will drop to surely gather more momentum that will see it through the next increase. So if people predict that bitcoin is heading towards $10k, doesn’t mean it will just continue to pump without having a little correction. That correction is what gives people the opportunity to buy again and the result of this is what usually leads to it increasing further for the next trend. I see a correction soon before hitting that value and I am hoping to buy at that correction again. Of course a drop of few hundred dollars is not a very huge thing because if you look at the average, the rise is always more than the fall and I am rather more optimistic about the rise than the fall. So since we are having the rise in the market right now, it is a wise move to speculate some money in the best and profitable coins out there in the market. LOL, but what if I tell you that I am sometimes optimistic about the fall too, does that not sound crazy? That drop you fell it’s not a big deal is actually a big deal to me and I usually appreciate it, because without those falls, there is no way I will make profit or be able to get an entry point. I am a trader man, and the market must fall for me to be able to buy and sell again when it’s high, do you know how much I am already gaining again when the market fell to $8170? If it has not fallen from $9k after I sold at that, how would I have gotten the chance to buy back. So dear, both rise and fall of bitcoin values favors me both. |
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Personally, I will never use their coin, because anonymity and security for me in the first place, I should have cryptocurrency private keys in order, but I think Facebook will not hand out keys to users.
They have their users already and without you, I am sure their project will be just fine, they don’t need the whole population in the cryptocurrency market to get their coin for the coin to be known. It is not everyone you see on their social platform that has contributed to their financial growth. The financial growth has been solid because of business people that have relied so much on the platform to get them sales they need on monthly basis, so these wonderful business men and women you see on Facebook are the ones that will patronize Facebook for their coin, most especially, in the advertisement section. |
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