in summary the only reason why Ethereum is bigger is that they have a lot of money to manipulate the market with the in exchange manipulation of price and in social media spaming to advertise it as a good platform but in reality anything else is better than Ethereum and does the same thing better.
i haven't checked out Ark much but i know Lisk does it better at least.
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Volatility will always bring cheap coins again, however I always enjoy talk of "cheap" coins since the "expensive" coins today can easily be the cheap coins of tomorrow regardless of whether its priced at 100, 1000 or 10000. Meaning its hard to define what the current "cheap" is and when its passed.
yeah but being cheap or expensive is also a matter of time too. for example right now anything below $1000 line is considered super cheap in my opinion and anything in the range of $1000 to $1100 is cheap coins. but at the same time price of lets say $1500 for this time is expensive. i know bitcoin is worth a lot more but it will take time to reach $10000 and prices like that.
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there is no "final obituary" at least not in our lifetime. there will be lots of doofuses! who come along and want their name be written in the history and they are successful at that. their name will always be written in history as a clown. here is the list that grows every year: https://99bitcoins.com/bitcoinobituaries/
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It is a common knowledge that there is an inverse relationship between Bitcoin price and Altcoins, they call it see-saw effect, I think you should careful of Altcoins because they go up fast and crash fast. Bitcoin cannot be pegged against Altcoin because their marketcap cannot support the price of Bitcoin
well, that is true but not always. what really happens is that whenever bitcoin price is a bit shaky with uncertain direction (something like going sideways) altcoins get pumped. most of the time it is because traders don't like standing around and wait for something to happen. when bitcoin is not rising they go MAKE an altcoin rise by pumping it and then when things settled in bitcoin they dump that altcoin and come back to bitcoin. this come back doesn't necessarily have to be when price rises, it can be right after price became stable.
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the only coin that could ever go to ridiculously high prices was ZCash and we all saw what happened to it, it couldn't even keep the price up long enough. there was a big manipulation and people fell for the 6BTC price and invested and got dumped on.
no altcoin can go high at the present because they can never summon enough demand and whales only have so much money to pump these coins to a certain level, above that they will start losing money.
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is, insane. So much money being put on that thing right now. It refuses to go down, still holding strong at 0.07.
this is what i have been talking about for the past weeks. i keep telling everyone to stop sticking to one big coin that did good once and start looking around, pumpers and whales aren't sticking around in one altcoin, they pump one > take a big profit > dump slowly without anyone noticing at first > move on to another coin > pump to the moon. now newbies are stuck in an altcoin that has already gone up in a pump and probably they bought it high and now are in a loss while everyone else is making the same 1000% profit in another altcoin.
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It happens all time, when bitcoin trend goes down some traders move to alts, and now bitcoin price goes up they sell alts and return to bitcoin.
traders are always in both markets they usually don't "go there". what changes is that when bitcoin is not performing well, altcoin pumpers use it as an FUD to pump their own thing. and when they do, obviously that attracts a lot of money. and when pump is done traders have more money because of the big profit altcoin pumps give them, and they invest that money in bitcoin which causes the bigger rise.
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the best way which is going to be also fastest, is to get your hands dirty.
in cryptocurrency trading you can actually start trading with a very small amount and the good news is that exchanges don't mind since their smallest amount to trade is very small unlike many brokers. and you can start slow, learn the tricks while reading some stuff about technical and fundamental analysis in trading.
this method of learning will also eliminate your fear because you are going in with a very small amount such as $1-$10 which i don't think there is anybody who can say they will miss losing.
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interesting question, since it is not really "dice" so i don't know why they call it that. but i suppose part of this game design is because you can actually change the chance of win/lose whereas in a 6 sided dice you will always have the same chance. you pick a number among only 6 choices and roll. that is it!
but in these "dice" games, you can have from 0.01% chance to 99.99% chance of winning or losing based on your choice.
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the ripple pump is over not! it is back to 800 satoshi range and going down fast. why is it that people mention coins after they are pumped?!! like many other coins XRP is back to the attic and you have to wait for another time to join in the pump.
right now there are unknown coins that are being pumped, such as XBC and BTCD which you can see the topics of in this board too.
i personally am surprised about the LTC resistance to go below 0.04BTC worth even though there are a lot of dumps. also PIVX which was pumped recently seems to be resisting to go down lower than 60K satoshi.
other than that i don't know anything else, there are lots of guesses that i have also acted on but in the end the whales only know it.
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from your two comments i think you are trying too hard to come up with some weird reason to finally find some altcoin to invest in and be sure of its rise.
let me tell you that you will never find any reason like that. altcoins are 99% pump and dump coins and there are very few exceptions with some real potential that will end up being worth nothing or they get pump and dumped and die like other pump and dump coins.
if you want profit, then get in before the pump and get out before the dump. and the last one is more important because people stick around for too long in altcoins and end up losing all the profit they could have earned.
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One thing I have learned over the years is that you buy on the down turn for most of the more popular Crypto currencies and then sell on the climb before the peak. The safe zone is somewhere in the middle and the trick is to find that spot. The Whales usually only push and pump and dump in small increments, so your timing should work within a small range for BTC and a little bigger range for Alt coins.
This has worked for me and I see this happening now again with DASH and ETH.
what you say works perfectly with altcoins since they are getting pump and dumped. and you may find a way to make it work in day trading bitcoin but generally speaking this is not even close to how you should be treating bitcoin. the overall trend is rising and it will continue doing so as more people invest in bitcoin. and also as old investors increase their bitcoin wealth by buying bitcoin. and there has never been any reason for anyone to do otherwise.
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i have to admit that the $1000 price has been such a funny number to watch, it is as if traders are playing jump-rope with that number. it seems like there are still so many panic sellers who have not yet learned their lessons.
anyways, i believe with the new announcement from F2Pool about not supporting the fork, that pulls the trigger on most of the FUD and we can finally see the rise happen.
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I got out on the way up never expecting it to go even till now. I hope it pops soon but now I'm out It probably won't Stay pimping.. yeah, you are right it is pimping but it is not pumping though i a see a constant dump on bittrex for the past few hours and buy walls that are being eaten into. the sell pressure is growing very strongly. 500,000 ETH has been dumped in the past hours. i am afraid the dump may have begun since bitcoin is now worth $1010 again
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To be fair, ethereum has been doing unexpectedly well recently. I remember saying it would never recover from the etc fiasco. How wrong I was, since ethereum has generally been pretty stable, I doubt anyone's pumped a billion dollars worth of it. Also, the integration on dark net markets also probably helps.
it wasn't really unexpectedly though! i said this earlier in January when nobody was talking about ethereum, you can see my comment here. i was waiting for a rather big pump to come when the price was low and nobody was accumulating but the whales. i still say the same thing as before, ethereum is such a bad altcoin with lots of problems, the ICO and all the bugs it has and the fact that it is centralized are enough to consider it as a terrible altcoin. with that said, i should add that i currently own no more ethereum, i have dumped and got a very nice profit a couple of days ago and i have moved on. will come back in the next bottom like January bottom. I think you made a very smart decission if you bought the coins around 10 and sold them at current price. It is not likely to be going to hold very long at these levels as they are completely based on hype at the moment. I think there will be a nice buy opportunity again somewhere around July-August when the price has had some side/downwards movement for a while. i am also doing the same, i will seek some new opportunity when price is down again. now is already too late for any more profit, what i have gotten so far is enough. but i don't agree with the timing. because Ethereum pumpers have acted like a parasite so far. the two biggest pumps of Ethereum (this one and the last when it went to 0.03) has been around the time when bitcoin price was going down and there were a lot of FUD about it. and with the split FUD going away, bitcoin is starting to go up and it will take some time before we enter a rally mode but when we do, there is no more room for ETH parasites to pump and there will only be dumping (just like last time)
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Apart from obvious bitcoin which established altcoin is the best overall backed up by good reviews?
what do you want to do? if it is just using a cryptocurrency as a currency and pay for stuff then bitcoin is the ONLY choice. if it is for investment to make some money then you have two approaches. 1. long term investment in the most trusted thing: then the choice is only bitcoin. 2. short term investment or trading then it is bitcoin and almost all the altcoins. there are a lot of them around and most of them are good at least temporarily. try to find those periods that they are good and invest in those periods and when you feel like the period is ending dump before the end. Bitcoin has a max supply of 21 million coins, What is the max supply of Ethereum? What is the max supply of Dash? What is the max supply of Monero?
go to http://coinmarketcap.com/ and see all the information you want, there is max supply and current available supply of each coin and much more information. Is there a all in one wallet that can store all these altcoins? If so which is the best wallet to use?
Im from UK and like to know which is the best exchange for me with the most volume for altcoins like these?
Thanks,
most of us just keep the coins on exchanges so there is no need for us to have an altcoin wallet! some altcoins like Litecoin have SPV wallets which you can download and it is light (electrum-ltc). but for the rest you have to be running the full wallet and that requires a big free HDD and a fast internet! exchanges that are good are poloniex and bittrex.com
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one thing that i don't see any of the other comments mention to you is that the site is called localbitcoins.com and this URL is the correct one that people use, if you are on any other site it may not be safe and possibly an imposter.
as for trading, after doing what others said you can trade with that guy with a small amount and then if you trusted him you can bookmark to sell/buy bitcoin everytime you need.
but if you can, try buying from exchanges, that is safer and will be much cheaper to trade too.
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There are still good cheap coins like QTUM and Chronobank's TIME. How about Litecoin, Dogecoin and other coins. Not all cheap coins are already pump, just do the "buy low sell high" rule. Invest while coins are not yet fully pumped.
you are in a wrong board my friend. this here is bitcoin speculation. go to https://bitcointalk.org/index.php?board=224.0 and we talk there about which is good and before pump. I can't tell wheter its good to predict for the price rise at this time since surely weak hands are not still done dumping their coins since 980+$ is bit alarming to see and theirs history shown that after bitcoins reach for 1200$ it fell down to the price that we can't afford to reach and that scenario truly adds some bad vibes to the holders and surely price wil just playing since the buy and sell for now is well balanced.
i am not predicting moon i even say it is too soon to say if price is going to go past $1000 or not but the rise seems to be holding up strongly and weak hands dump on the way down and when price is down and they fear it will continue down meaning the stable low near $900 (aka the depressing days that i mentioned) and as we speak price is already at $993. and besides i have seen this pattern too many times to know the chances of rising back up to previous levels are pretty high. don't forget that the drop was because of FUD not a real threat.
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nope, it is a very risky move at this point.
it is all about the price. and not price of ether but price of bitcoin. when you base all your ether price rises on bitcoin going down and pump the coin with the moto that bitcoin is going down so we go up, you should expect a massive dump when bitcoin movement is reversed and it goes up again.
and right now exactly this is happening. if BTC price passes $1000 and goes back to $1100+ then you should expect a very massive scale dump in ethereum but whales will possibly put up walls to prevent a big crash so you got that going for you.
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Anyone else feel like this is the lawless wild west in the crypto scene where 90% of people get burnt ?
i say let them burn, it is a bit harsh to say but at least they may learn some lessons this way. and it will happen too. for example remember the days of pre-mine and significantly-pre-mine altcoins. those days we were saying the same thing, that pre-mine altcoins are scams and stay away, it is highly risky, "anyone buying a premine is an idiot", ... and nobody listened. now there are no more. but the new technique is ICO and soon this will become old and a new scamming technique will come out and the battle continues.
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