From a traders perspective that is the only thing that is important. But this should not be logic why one can enter in altcoins, keep in mind that altcoins are nothing more than quick cashgrabs for its owners and newly launched coins are doing just this. They have generic whitepaper and plan only to scam its own investors by pump and dump.

Since altcoins dont have any market making methodology of their own, their price is only fueled by BTC. Rarely do you see coins moving up due to some important development.

So if you are investing in altcoins as a trader, you are trying to go for the easy way out in trying to make money. Bitcoin would be the better choice for long term. If you are investing for the tech, then again you need to rethink what the owners tell and not buy everything they say. No altcoin is going to change the world or so.

Apply this to bitcoin and that too long term. Then only you will see the impact and importance of the line. In short term what you describe might end up true and you would agree that more so in terms of altcoins.

It depends on the situation, like I said, altcoins in short term and sometimes bitcoin too shows similar bearish trends that you would feel that you could have stopped if you sold. There comes in the choice of going for a short sell. It is a tool that you can use if your are interested in while not spending your bitcoin asset but using fiat to bet on price decrease.

If you are a long term holder then you can ignore the downtrend because you know price will go up eventually, you just dont want to trade at a lower price. You would rather use fiat to buy at the lower price than stop-loss/sell at lower price.

Lastly, when it comes to shitcoins, just sell at whatever price you can, you just need to cover losses because those coins would never go up in the next ten years.

Self-moderated ANNs should not be allowed in the forum is what I would say. But we all have to accept what the forum administration gives us and not crib about it.

It is so easy nowadays to create such a thread and only censor the posts that speak up against the same saying that it is trolling/offtopic. But we have our own method to call them out here on the alloted section and it is also nice to see users decide on it.

Good job on @Mahdirakib for making this thread, been following it for the last few days waiting for someone to make a flag and @logfiles got posting the flag. Flag has been supported, hoping more DT to take action too.

Little capital or no capital, the only thing that you need to buy is bitcoin. Altcoins, NFTs, stablecoins, none of them will give you the long term ease of mind and stability that bitcoin can provide. Over the last few years bitcoin has seen a max volatility of ~15% while these hype induced coins have gone from zero to hero to negative in a few months time.

Of course you might want to take risks, be my guest for that. I have seen both sides of the market and I would not advice a new entrant to venture into things that require immense patience and tricks to make a profit, rather the simpler but safer assets.

Consider your capital and divide it to buy maximum of bitcoin, maybe some ethereum but not more than that.

Yeah I dont think choosing trading over work is a wise choice to make. A day job will give you a fixed income per month or per week but trading does not guarantee you any such earnings, the graph is more ups and down than a stable line.

It is a personal choice though. I know many professional traders making a living out of it, but we tend to forget that such people are only a handful and they usually started trading a long time ago. One cannot just start trading today and leave their job at the same time and not go bankrupt, it does not add up. So if one wishes to trade, keep it as a side hobby and gradually grow on it. Dont sacrifice your stable income for that, that is a foolish thing to do.

Lack of these insights is the reasons behind going "rekt" and ending up in debts.

Well there was a crash on the last Saturday morning and the that was in three hours time crash to 45k and therefore I would assume someone bailed hard. This was not a correction because that would be gradual and more organic than this sudden dump.

After this the buying trend had come back in again and currently the price is back at 50k, we should be expecting some more dumps to happen so keep buy orders open at lower prices of 45k and 40k like I said in my previous posts.

If the level of 55k breaks and goes up, we can assume the bull trend is back in once again and that this dump had nothing really to do with any sort of "correction".

More risks, more rewards is the way I see it. However it makes the grounds less forgiving to mistakes done commonly by newbies and the less tech-savvy. Now the investors in fiat markets also face a lot of risks, they are not free of it. But some types of scam projects would never dare to attempt to enter fiat markets because the SEC or any other regulatory body would wipe them out instantly.

The point is that scam altcoins and failed projects will always exist, but the investors need to learn how to skim off the good ones from the top and not looking down at the bottom trying to buy something that is new and less known.

We dont need more and more junk coins to clutter the aggregator sites. Hence it is better to just ignore majority of less known altcoins and focus on the ones on top.

Simple answer, if they dont know the private keys your coins would not be able to get accessed by anybody. Hard truth, the coins will be lost forever.

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So the simple solution to this is allowing your next of kin to know that you have bitcoin or altcoins and teach them about it. At least teach your wife about it and how to at least access your wallets in your "absence".

After that you can make sure to teach your children once they are having a robust understanding of blockchain and how crypto works and then distribute the coins to their wallets.

Indeed there is no inheritance system for bitcoins. You have to do that yourself. But give a read to the "Locktime" post by LoyceV as posted by @BlackHatCoiner.

None yet have been able to do anything worth an impact.

That would be long shot, a better system would be like mortgaging their land to investors and investors can by shares of that land in tokens. The basis of that token would be the land and the income from that land would be a proportion of the total produce.

I know, a lot of unforseen things that we non-agricultural people will never be able to comprehend. Such accidents are common and that will logically reduce the produce from such lands.

Exactly the point. Just by adding blockchain (and previously hyped buzzwords like cloud computing) does not act as a magic bullet to every problem. Farmers and agricultural lands have their own problems that need to be solved by them with help from the governments. Only a handful of them might be able to go for a crypto venture if they have knowledge of such and having enough funds to start. It would be rare and I dont think the poorer countries would be able to afford that. They would rather stick to their lands.

How did the word "Airdrop hunters" even come in the first place? It was supposed to be a sort of appreciation token to show off for those who took part in promoting a project and got that in return. While there have been bounty projects for the same, there is little difference between these two. Now when you change a participant to a hunter, you are basically making this a job-hunting spree like, which it was never meant to be and that is why we have so much of spam surrounding projects in social media.

I think there needs to be more strict control over what they are posting and how they are posting. Although there would be a massive outcry if any policing is done here considering the crowd.

But airdrop hunters and bounty hunters should assume every project as failed before they start so as to reduce the frustration that happens afterwards.

It does not take much to prepare a new website with a similar name. What the intent of the website is it not easy to discern. Usually such websites usually use the name to get SEO.

Now whether you should consider it reliable or not is a personal choice. I personally dont look at youtube infuencers and shills for advice because it is worst sort of advice which is going after hype trains. I would rather do my own research on coins and assets before I invest, so I know that I can only blame myself for losses, if incurred.

For just reading the news, you can use the older and known sites more. It is niche genre and difficult for competitors to gain an edge without support from bigger companies like exchanges and casinos. So keep an open mind, but dont be too open to shilling advisors.

Yesterday's price dump in the early morning is still correcting today. I would consider that to be a nice black friday continued discount to bitcoin indeed.

If OP is still thinking about buying, these are good points to enter - 45k and 40k and anything below that. Dont take this as financial advice though, do it on paper and see how it goes and when it crosses these points again.

This was probably the first dip that happened this month and possibly many more to come. Some group probably bailed hard and the effect was a lot of panic. These are brownie points for traders, if they have assets at hand they should buy and hold at that point.

Majority of the community on twitter is made of altcoin fanatics. The discussions there are rarely coming from bitcoin old timers. To a great extent the altcoins that have been created have been junk and only made money for their creators and not the investors by their hype induced rise. With that context, the tweet done is on the right track - but to bitcoin maximals, this might seem off and rude.

So what you are seeing as a "leet" community may just be shills for the next shittyinu coin.

It is best to disregard such discussions and follow what you believe as the future of crypto. Personal choices and all.

True, market is making more sideways moves than up or down. I would expect this ambiguity to reside for a short while till the cryptocurrency bill in India gets launched properly and the panic that is has been inducing dies down a bit.

Price has already gone down to 48k this morning. I think we are seeing a bit sell off due to some reason currently unknown to me. It would be wise to think how we can use this to buy some bitcoins right away and then wait for the next price rise to happen. This happened in the span of a few hours. We can assume this to be some big whale dumping and exiting since the pattern was not laid over a longer period.

Bearish trend it has become, not a bear trap anymore. Lets watch closely and buy at lower levels so we do not regret when the price goes back up again.

My honest opinion regarding this is:

Staking - You have to pledge those coins to someone to earn the profit and it remain as long as that coin is "trendy". Once the hype dies down or the owners wish to scam their investors, then you lose your investments. There needs to be the market to sell your earnings too and if the earning is in the same coin, there will be monthly dumps happening and it would be difficult to reach a break even ROI. Might not be true for all coins, but this has usually been the timeline for every staking coin. The only explanation of why some people take part in their is either they know when to exit or they are newbies and are jumping into everything. Staking to me is more similar to ponzis.

Mining - In order to mine, you need mining equipment and they are costly, but they are re-sell worthy too because they are hardware. With mining too the "trendy" altcoins get the higher attention and when they bust their bubble they become worthless, so it is also a rat race. But in the end you at least have some hardware to sell in case it did not work out or mine another coin, in other words jump into another rat race.

The better thing is to buy the altcoin low and sell it high. But doing so is another ballgame.

Give them a couple of days to check their PMs and acknowledge it. If they are in with the scammers, they will not respond and continue promoting the bounty. The last login was on December 03, 2021 - so I suggest give them at least one more day. It could be possible they have contacted the owners of the project and awaiting response. This usually ends bad though, I have rarely seen any legit project come up with the above problem in the first place.

If there is no response in the meantime, then opening a flag on their account is appropriate.

It is sad to see that people accept such jobs without doing a research on the project.

Starting point does not need to be trading on the market. You can start paper trading with a virtual capital on paper. Try it yourself and you will find out what is going wrong without actually losing any money in real. Gradually you will need to move to real life markets but you already gave yourself a headstart and therefore the "challenging" aspect of it is reduced.

We should not consider "challenging" as something bad - rather it is an opportunity to start a new thing, that gives one hope.

You will develop experience more on real life markets than on paper but this takes time and it will not happen overnight. So thinking about gaining experience is a waste, let it happen on its own.

I learnt trading mainly from watching my parents on stock markets. Both of them were very much involved in trading and learnt the lingo mostly there. I got into stocks after I was responsible enough to handle money on my own and have done well on that and now I am also into cryptocurrency apart from a daily job.

How I did learn about crypto is through reading charts and watching the markets move on the basis of older S/R levels and news about crypto. I am still learning and it is evident that learning this has no end, only how much you can muster.

Simple things my folks taught me, not to be greedy and being honest about your mistakes and correcting them have helped me a lot in avoiding scams and decision making.

Not surprised to see another project with a copied web-page and whitepaper getting busted. Someone was promoting the last one and they were legit enough to owe up to their mistake, I hope @MrCrank is also going to do the same.

Copied whitepapers should immediately raise suspicion of being scam. If the "team" responds that the person hired to develop the whitepaper did some mistake, then the fault lies in the team's mismanagement and they are very much answerable to it. Bounty managers end up in a bad situation not because they want to take the job, but due to lack of transparency that such projects have, after all because they are scams in the first place.

I hope the manager corrects their mistake and stop doing this bounty. No excuse should be entertained from the team, they misled the bounty participants.

So is ZexNetwork the only account representing the forum presence of this scam project?

I am thinking if there is possibility of creating a flag on the account from anybody's side so we can mark them. It is possible by the OP if they had been promised money on exchange of their work and then they we exposed to be running a scam.

In either case I hope @usekevin has understood their mistake. Copying whitepapers have become a common method to run a scam in the last two or more years. They give the same excuse that they hired someone less experienced on getting caught and vouches to come with a new whitepaper in a couple of days, after which they either ghost the forum and copy someone else's whitepaper again.

I honestly feel bad for the bounty manager and their participants.