About 3 days ago ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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An odd ICO because I cant say I've heard of it until today, doesn't show on the usual ICO sites unless you go look for it. Yet raised ~$50m! Well done, shame i didn't hear of it earlier.
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You really need to ask why Telegram needs either a blockchain or a coin. Is it just to raise money? If so whats in it for holders, revenue distribution? If not then you are just being used to fund exit strategy of their current investors.
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Not from this value. If its a genuine project, its grown too quick and now has large burden of expectation. There's not enough development for well funded 6mth old project and too many questions about the CEO. Bottom line for me is that long term i dont think it can deliver what it intends to anyway, it wants to be Facebook/Twitter etc but has focused on raising money rather than releasing product.
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How many alts is optimal, or at least "normal" for someone to hold? I'm not a day trader, check prices once a day, not a long term holder either, plan a steady rise in values over months. I've now about 20 coins, too much or good diversification?
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Is 11 alot? I have about 20+ going... i dont actually know of the top of my head.
Tell me why ARK and FUN, i'm curious bout these two but know not why i should jump in to them over others.
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Strange pair to compare, nothing really links them. Cardano has probably gone as high as it can and is another smart contract platform, competing with many others. Electroneum had launch problems, has a USP focused on ubiquitous mobile phones and a market cap with a lot of room for growth. Both would seem sensible option.
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Crash is inevitable. Consolidation is the more important aspect. There are too many projects that are too similar, competition is good but for the core ideas to really thrive you need to cull some to get down to a few services/projects in a space. So who will be the survivors, those coins that will be able to rebuild after the crash and gain real use?
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Do you mean anyone can create a shitcoin and make infinite money out of thin air? ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Welcome to cryptocurrency. Once upon a time there were no white papers, there was a dev and an announcement, a lot of those coins are still around (*cough* Litecoin *cough*).
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I disagree securities will be a big thing in cryptocurrencies, because they will track the value of the underlying assets. Therefore they cannot massively inflate in value, which goes against the general trend of crypto.
Actually, thats wrong isn't it? The naive and uninformed investors in cryptoland will see a "security backed" crypto and pile in, driving the price well above its real value.
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Curious if there is no fee how does mining pay for itself? For that matter how does mining work?
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I've been put off HitBTC by poor reviews and stories of stuck withdrawals and other account problems. But I think all exchanges have problems and unhappy customers, they generally need to improve customer service and how they resolve issues. Its been around along time and people seem to trust so time to give it a go.
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It is legit in that CMC has "removed" Korean exchange prices. The question is whether they proactively removed them or they just moved so far out of bounds that they triggered automated rules to restrict outliers. Korean prices are consistently high than other markets and some of the price differences show are ridiculous, so the new price is more accurate for the rest of the world. This also means, that the whole CMC price was bogus the whole time to begin with. If you calculate the global price for a crypto and include local markets there, that sell the same crypto 30% over price, the whole data gets flawed. That's what you get when you trust a single source. Yes, though ironically CMC provided a service to create consensus view from many markets. The problem is in the exuberant Korean markets and people driving investment based on market cap rather than looking at values and benchmarking to $. Only thing CMC could maybe have done is shut down for a half day to a day with a statement of what was occuring and let everyone readjust more rationally.
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Yeah I want to know what's triggering these fucking dumps.
It just goes down, no explanation. Fine, one coin dumping because of FUD or devs abandoning it, but ALL at the same time? Must be someone spreading FUD about crypto in general, but what are the news?
The latest I've heard that might impact crypto is China attempting to limit electricity to miners (so they are maybe dumping BTC) and South Korea ordering inspection of all banks that trade with crypto (in South Korea). Can North Korea already nuke South Korea so we can avoid having crypto headaches?
lol, Market go up together all good ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . Market goes down together must be FUD, bad things what ever ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) . Its the nature of markets they do not act as you want them to.
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It is legit in that CMC has "removed" Korean exchange prices. The question is whether they proactively removed them or they just moved so far out of bounds that they triggered automated rules to restrict outliers. Korean prices are consistently high than other markets and some of the price differences show are ridiculous, so the new price is more accurate for the rest of the world.
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The sky is falling. Again. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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thanks for you guys responses. so you would just simply recommend me to send bitcoin to biance directly?
use ETH - Binance offers many ETH pairs so you may not have to switch back to BTC.
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Well there some speculation that BTC supply isnt really 21M,it maybe more but who knows? we need 150years to mine all of these coins.
No speculation, its in the coding. We dont need to increase supply of bitcoin, simply accept a smaller amount of bitcoin or use an alternative.
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A number of coins are distorted by Korean exchanges, not just XRP. Example bitcoin at $22.2k and Ethereum at $1700 on Bithumb. The price arbitrage the article talks about simply doesnt happen in crypto currency yet. I'm pretty sure CMC says they exclude prices out of certain % bounds.
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That sort of time frame, its BTC, ETH, LTC because they standing and stood the relative test of time. BTC has flaws in the tech, and only if the fixes are implemented and wildly accepted will it survive another 10 years as leader. LTC has somewhat similar problems but they aren't yet in evidence. ETH is therefore the obvious future contender.
Thats not to say the others will go anywhere, nor dismiss one of the many other coins taking the lead. But there's simply too many and so many opportunities for failure or success. 15 year is too long in the internet age to predict, there are as yet unknown coins to be created or the entire ecosystem could collapse. ETH is just the one currently most likely to go the distance.
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