but is that exchange safe/good like binance/bittrex?  Heard few negative reviews from it.

what is the best site to trade coss then?

So i have a list of altcoins on blockfolio program that i use where i put down the coins to watch etc because many posters spoke so great about these coins.  I did not buy these coins but there is 1 or 2 coin that i did bought where the value has plummeted but not like these below.



Some of these coins a while back people said that are great.  These are the prices when i put i on blockfolio before when i recorded and price now


sia coin  0.08 0.01
substratum  3.06  0.32
spectracoin  4.56  0.24
oyster pearl  0.93  0.25
electroneum  0.10 0.01



So with these coins people spoke about... they have fallen over 80%.  Spectracoin when i put it on blockfolio at 4.56 when people spoke great about it and prices kept going higher, its now 0.24.  The same can be said of substratum.  Also people talked a lot about electroneum.  It was 10 cents and i thought about buying because of all the things people spoke about it.  Now its about 1 cent.  So basically anyone that bought it at 10 cents has lost 90% of its value.  Thus if you put $1000 in it, you lost $900.  If you put $10000 in it, you lost $9000.


So with the market like this the last few months, how are people even making any money?  So basically anyone that is trading from say few months ago, i have to assume a huge percentage of people have to be down money trading right?  Unless you bought ETH, thats one of the few coins where it was up or not down that much depending on when you bought it.


Those of you that bought altcoins where the value has dropped at least 80%, i assume very few are selling right?  I mean that would be an 80% loss minimum.   Or 90 or 95%.  I also read thread where ppl said oyster pearl is a scam?  I mean does anyone here think these altcoins can drop another 80%?  That would mean spectra coin would go from 4.56 to 0.24 all the way to 2 cents.  And electroneum go from 10 cent to 1 cent to 0.001.



So my question to the traders out there, in the last few months, what percentage of traders are even making any money from this?  Unless you are buying at the dips and selling at the highs and always get it right, then doesn't it seem at least 90% of traders are losing money the last few months?  Example you could but btc or altcoin at a price.  Wait for it to go up 10 percent and sell it.  Thus you lock in profit.  You wait for dip, it dips and now you buy.  Now you wait and price go back up 5 percent and you sell and profit.  Dip happens again and you buy again.  The issue now is everything keeps dropping and doesn't go back up.  Now you don't have any loss unless you sell, but look at the altcoins like spectracoin, electroneum etc.  They are down 90 percent.  How do traders even make any money when the market is like this.  Sure there are certain coins that are up in profit but these are very few since if btc goes up, everything goes up.  But btc has been dropping so everything drops.  But with these altcoins, they are falling like 90%. 


How do traders even make money like this?  Example you might say look at the coins i listed above.  Well buy it now since they are so low.  But what if electroneum drops to 0.001 from 0.01.  That would be another 90% loss.  The same can be said of spectracoin etc.  I mean it could go down to 2 cents.  That mean it was 4.56 all the way to 0.24 then to 0.02.  Does that mean you just have to invest in new coins that you think would pump and dump?  Of course you have to buy and sell at right time which is basically a guess.

So i have a list of altcoins on blockfolio program that i use where i put down the coins to watch etc because many posters spoke so great about these coins.  I did not buy these coins but there is 1 or 2 coin that i did bought where the value has plummeted but not like these below.



Some of these coins a while back people said that are great.  These are the prices when i put i on blockfolio before when i recorded and price now


sia coin  0.08 0.01
substratum  3.06  0.32
spectracoin  4.56  0.24
oyster pearl  0.93  0.25
electroneum  0.10 0.01



So with these coins people spoke about... they have fallen over 80%.  Spectracoin when i put it on blockfolio at 4.56 when people spoke great about it and prices kept going higher, its now 0.24.  The same can be said of substratum.  Also people talked a lot about electroneum.  It was 10 cents and i thought about buying because of all the things people spoke about it.  Now its about 1 cent.  So basically anyone that bought it at 10 cents has lost 90% of its value.  Thus if you put $1000 in it, you lost $900.  If you put $10000 in it, you lost $9000.


So with the market like this the last few months, how are people even making any money?  So basically anyone that is trading from say few months ago, i have to assume a huge percentage of people have to be down money trading right?  Unless you bought ETH, thats one of the few coins where it was up or not down that much depending on when you bought it.


Those of you that bought altcoins where the value has dropped at least 80%, i assume very few are selling right?  I mean that would be an 80% loss minimum.   Or 90 or 95%.  I also read thread where ppl said oyster pearl is a scam?  I mean does anyone here think these altcoins can drop another 80%?  That would mean spectra coin would go from 4.56 to 0.24 all the way to 2 cents.  And electroneum go from 10 cent to 1 cent to 0.001.

Okay so are you guys using true usdt now as oppose to usdt?  So there is going to be usd as well later on?  So that mean one could just trade for different coins without going through btc now?  Would that mean one would be able to cash out to bank account without coinbase/gemini?

Haven't been checking the news much lately.  But i noticed bittrex now instead of usdt has true USDT?  Can someone explain this?  Also apparently now every coin that couldn't be traded against usdt which is like over 99% of them could not be traded with true usdt?  Is that true or false?  Also what about on binance?  I mainly use bittrex and binance.


Also i assume you can't cash out USD to your bank account like how you could with say coinbase or gemini right?  Or does bittrex or binance allow this now?  If so, that would be huge.  Also wouldn't that mean its easy to calculate trades now since if you have say a coin like lisk and sell it, well you are not selling it for true usdt as oppose to btc and then maybe to usdt?

Hi there.  I meant like this


You use lastpass or keepass.  You store all your passwords there such as gmail, banking and any other site.  Thus only thing you need to remember is your password or master password.  Now if you log into lastpass or keepass, then say you store your seed in that wallet.  Now when you log into say dropbox or say gmail, then go to your google drive account, upload their lastpass or keepass file into it... and the lastpass or keepass is encrypted since you cannot open it without the password, that is safe or not?  Because assuming you don't encrypt the lastpass or keepass file, by that you mean encrypt it, then its not safe?  Thus someone could read the lastpass or keepass file?



Well you have a copy of lastpass or keepass in your computer and most likely a usb stick or external hard drive.  So when you say why would you upload a copy to your email or dropbox etc, well its a digital copy in case something happens to your laptop or usb stick or external hard drive.  Thus if you lost all these items, you could still log into your dropbox or gmail and then open your lastpass or keepass as long as you remember the password for both.  So that is bad idea?  Again im not talking about you typing out your seed in gmail and then sending it to yourself and anyone who hack your password can read it.  That would be a very bad idea etc. 

Hi thanks for the response.  Are you from the US?  Also, so for now you are using sms verification.  But did you already send them verification documents and already verified with gemini?  So now you log in, you use sms as 2fa verification.  But are you going to use authy later on and not use the sms anymore?  I read that authy is much better than sms.  You could also use google authy right?


Okay so if you switch to authy and no longer have access to the cell number you used to verify with sms, could you still use authy or not is basically my main question to log into your gemini account.  Thus let say after you use a real sms number with authy to do verification... then you no longer have access to it.  Could you still log into gemini without an active phone number or not?  What if you change the number?  What if you change the number to a google voice number?

Hi there thanks for that information.  But if you are done with it you should not leave the nano ledger s stuck in the usb port then right?  Thus once you are done using it, just pull it out?  And thats exactly what you should do... pull it out from the usb port since its not a flash drive?


Because i wondered was it bad if i just leave it plugged into my laptop all day or just leave it plugged in when not using it.  That is probably bad idea right or it doesn't matter.


I just thought about something else.  So you can put the 24 word seed in electrum if your device doesn't work or gets stolen or malfunction to get your bitcoin.  Now what if you have other coins like bitcoin cash, litecoin, or those other type of coins?   Then how would you claim your bitcoin cash?  Which wallet would you have to download if you don't have another nano ledger s?  For litecoin, it would be electrum for litecoin right?  Now what if its all those other type of coins and not the popular ones.  What happens there?  So if you have like other coins, you have to download some other wallets in order to get it?  The thing that is confusing is wouldn't certain coin wallets not have 24 word seeds and have lesser word seeds?   Say you have dash and quantum.  Well electrum isn't going to work for that right?  So if someone has like 10 plus different coins, they going to need to download 10 different plus wallets assuming they cannot get another nano ledger s?

To those of you that say its the worst idea to write the 24 word seed in gmail... i would agree with this because someone could hack your account.  However, if you use say lastpass or keepass and then put the seed in either program, isn't that pretty safe?  Thus the hacker would not only need to know your gmail address, they need your gmail password.  Then they would need your password to either your lastpass or keepass.  So wouldn't that be pretty safe?  Or that could still be hacked?


Because they would have to go through 2 layers of security right?  Also isn't it true if someone logs into your gmail account from another location, gmail would block them if they don't recognize the ip address or country etc?  So wouldn't that be another hurdle for that hacker?  And even if they get through that, how could they hack the password for lastpass or keepass then?  Are there cases of this?  Because i have heard of cases where someone types their seed and emails it to their gmail account like in plain letters... that is bad since its not even encrypted.  But with lastpass or keepass, isn't that pretty safe then?



The thing is shouldn't you always have a digital backup?  Because in case something happens physically to your items? 

Gemini tells me i need to use an sms number to get verfiication.  They said google voice number won't work nor any other voip.  However, does anyone know if this is a 1 time thing or not?  Thus if you use authy to log in as 2fa, do you need that number that you used to receive the sms verification code?  Because authy is connected to a cell number right?  So authy has to be connected to that exact number or not?


Thus could i use a number for sms verification.  But then use my authy on my phone to log in?  Does authy have to be connected to a phone number or not?  Or its only email?

If you have 2 safety deposit boxes at 2 different banks, would you say its close to 100 percent safe if you leave one piece in each safety deposit box?  I heard people mention this.  Because in order for anything to happen to it, the thief would need to get access to 2 different banks.  However, the thing is if it was accessed, you wouldn't have a clue because its not like if you leave cash there, well you find out the cash is gone.  Because someone could just write down the words or take picture etc.


But if you leave it in 2 different safety deposit boxes at 2 different banks, thats pretty much as safe as you can get?  But even if you do that, should you still keep a copy of it at home just in case?  Because say something happens to that deposit box and your seed and its gone.   Then your wallet stops working such as nano ledger s, then aren't you screwed? 


Because there doesn't seem to be any way where its very good safety measures here.  Like if you leave it in your home, well there could be a fire etc.  If you leave it online encrypted, say in your google or dropbox but do so with using a program like lastpass or keepass encrypted... then wouldn't that be pretty safe?  That way you don't have to worry about anything physically happening to it?  Has there been cases where ppl type their 24 word phrase in say lastpass or keepass and kept it in say gmail or some other cloud service and got hacked?  But that person would need to hack not only gmail or other email, but also the lastpass and keepass.  Thoughts on this?

Doe anyone know how long it last?  For example doesn't the battery wear out after x amount of years?  Has anyone's nano ledger s malfunctioned and reset itself when connected to their laptop?  Has anyone's nano ledger s malfunctioned and reset itself just like that?  I'm curious who here has a ledger s the longest.  I mean is it going to last a long time assuming you don't damage it?  Also is it fine if you keep it like a usb stick and just put it in a bag or you have to protect it by putting it in the nano ledger s box if say you are bringing it with you?  Because its like a keychain so i assume it doesn't need much protection?  Like even if it drops on floor, its fine?


I know if you have the private key, then you are fine if something happens to your ledger s.  But obviously having the device is pretty important.  


But say if you lost the private key or cannot find it, the first thing you should do is immediately transfer the btc from your nano ledger s to say an electrum wallet?  Like say you cannot find the seed or think its compromised.  What is the first thing you should do assuming your nano ledger s works and you have it.  Because you cannot transfer it to another nano ledger s wallet since you have to reset it right?  So you basically need like electrum or coinbase? 


Another thing i want to ask is this.  When you connect the nano ledger s to a usb port on your laptop or computer, how do you pull it out where you don't damage it or the usb port?  Do you first close the bitcoin wallet ledger program first and then just pull it out of usb port?  Or you just pull it out of usb port?  Because with usb stick and external hard drive, you are suppose to eject it first to make it safe to pull it out.  But with the nano ledger s, i don't believe there is that option right?  So you basically just pull it out from the usb port?


I ask this because if you keep pulling it out, then aren't you going to increase the chance you damage it etc?  


I would like to know how many people here had to get a replacement nano ledger s and what was the reason?  Obviously if you get it stolen or lost it, well thats a different situation.  I mean like if you damage it, or break it or it just doesn't work anymore.  How common is this?  Because last time when i did an update to the firmware, it frozed and i thought everything was stuck because of that update.  


Would like feedback on this and also any tips on taking care of the nano ledger s.  I assume you could just treat it like a usb stick right?

Can someone explain the flash drive exactly how its done?

Thoughts on buying the dips on altcoins vs bitcoin?  Thus buy btc and immediately buy an altcoin with it?

Any thoughts on buying this now?  Price went down a lot for it.

You say don't put it on google or dropbox.  Well what if you use a program like lastpass or keepass?  Thus someone would not only need your password for you google or dropbox account, they would need the password for your lastpass or keepass.  Isn't that going to be very hard or is that really possible?

Are safe deposit boxes much more safer than at home?  Because i heard cases of these deposit boxes getting drilled in banks.  But here is the thing though.  If you have cash there, well thieves could take it.  But say you put half your seed there, well that person doesn't even need to take your piece of paper.  They could just take a picture or write it down etc.  But of course the issue is they would need the other seed in a completely different bank.   And let say you check the deposit box once in a while, you would never know if it was compromised right?  However if you leave it in 2 or 3 banks, that surely would be very hard or close to impossible?


So based on that if you leave it in your house or apartment but just put it in strange places, is that better or worst than 2 safe deposit boxes?

Thoughts on doing this with altcoins vs bitcoin?  Seems like its probably a better idea because altcoins are much more volatile?

tryninja, gemini first requires you to input an sms number first.  I believe once you do that, you get an sms text message to your number with the code and then you input it and then you would send in your verification documents etc.  so i cannot do this without a sms phone number first.



thus let say i get a number solely for this purpose as a pay as you go plan.  Well i would buy a sim card for my unlocked iphone to do this.  but if i no longer use this number anymore... which i don't, then i would have issues?  that is my problem here.  But im confused do you need an active cell phone number in order to use authy?  And even if you do, if you change the number, that should be no issue then right?