I guess we will see a fifth wave. I don't expect the ETF to be approved in the end of September, so we will probably see even a bigger sell-off and new lows for the year for both Bitcoin and altcoins. Then it should be up only.
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I am really surprised to see an year low. I kinda expected the shitcoins to lose as much as they lost, but I thought that the top 5 coins will retain their value together with Bitcoin, and it doesn't seem to happen. I guess Bitcoin is still King.
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This is basically a market capitulation looked from psychological perspective. I think 80% of tokens and altcoins will never recover. The sentiment is very bad now and I don't see it changing until the end of September at least. Forget the tech, sentiment is driving the market now.
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ETH and all the altcoins are severely depressed now. It is really a tough spot for such a decision. On one hand, they are very cheap compared to Bitcoin and they are worth buying, but I wouldn't expect any major surge in the short term until the end of the year.
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You have to sell your time or a service for a crypto income. This is what Andreas Antonopoulous suggests. You can also be doing dropshipping of goods for crypto if you have fiat and customers that can pay in crypto.
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Everyone can launch an ICO. The right question would be...How much does it cost to develop an innovative idea and to deliver on the promises. And it really depends on what the idea is. A crypto exchange may not require much capital. A messenger may be more demanding, for example.
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The whole market is dependant on Bitcoin. We are still in the speculation period. Crypto is just not used for much else. I really though that when more exchanges open up the fiat gateways and you can buy other coins with fiat, Bitcoin dominance and dependancy will go down, but it didn't.
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Sell it outright and buy when it has recovered close to its base price. Don't marry to coins. There is always a correction after 100%+ surges. I wish I knew that in December and January. Would have made much more money.
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Dent is an obvious scam to me from the beginning. They are getting active in times of influx of fresh and dumb money into the market with some big news, AMA or annnouncement. Usually before tokens are released from vesting. Then they go quiet for months.
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I completely agree. There are a lot of Telegram bounty churners. Once I saw like 50 Telegram accounts with the same Avatar and text. Joining probably for a bounty reward. These profiles are not active.
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If it is really a small capped altcoin, the 100% jumps are most often caused by pump & dumpers, i.e. scammers. A surge can also be caused by a positive news or some development delivered by the team.
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For ETH to be done, it means all the developers and the community moving to another platform. The only reason for that would be the lack of scalability and clogging as you mentioned. But once a few leave, then the platform gets unclogged and usable again. So, how can it be abandoned by everyone? It doesn't make much sense.
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Depends on a lot of factors. If it is a shitty project, I will dump immediately. If it is a promising one, then I may HODL the whole payout. Most of the time, I will sell some, and hold some. 50/50, 80/20 or 90/10.
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50$ for ETH price seems way way too low for me. This will basically mean almost death for the crypto industry. BTC should be probably be at 800-900$. I can easilly see ETH dropping to 200$, but not less.
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As long as Bitcoin ETF is approved in a year time, I am not scared. But short term, if you depend on crypto income or you have to liquidate some holding, yeah, I would be scared. Very scared, indeed.
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It will be much much better for bounty hunters if it was paid in ETH. Payouts won't be dependent on the exchange listing of the token. And the price it opens up. ETH is much more stable and predictable. But it is not favorable to ICOs. They usually have their proceedings locked for a time in vesting or the budget is planned for post-ICO marketing.
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The ICO market the last 3-4 months has been terrible. Nobody now actually wants to buy alts and this is hurting the bounty payouts, because the token opens on exchanges at 20-30% of ICO price.
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I can easily imagine a huge debate will develop over this topic. Essentially both can be 51% attacked with.... having enough money and desire to own 51% of the resources needed to crack the system. It doesn't matter if you will buy hardware equipment (PoW) or just buy coins (PoS).
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Education about privacy and decentralization may be key, but do really the mass audience care that much about it? We are giving away our privacy and getting so much free stuff from google, facebook, amazon, etc....that only a handful of people really care about the downsides of it. For the ordinary middle class person (not even to mention the poor ones), a free app is much more value than privacy and trust.
For high-end individuals - yeah. Privacy matters a lot more.
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Cryptocurrencies need only one thing - easy user experience. They are way too complicated for now at the application layer. The friction to buy and use them is so huge in a world where we are used to doing everything with two taps on our smartphones.
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