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Lol, most of the people over here are regretting because they didn't sell during the peak price of the btc or other coins. Again, most of them regrets because they didn't buy when it was cheap. I am sure we will still be seeing them crying even if they buy it during those times.
Like, how do you guys know that the price you failed to sell was actually the highest BTC could go? Maybe it is a good thing you didn't sell. The price is probably going to rise more.
If you are still holding the coins, there is nothing to regret. As long as you hold the coins, you haven't actually lost anything.
And to others that say they regret for not buying when the price was 3k or 4k USD, but it now or you will regret for not buying when the price was 9.5k USD.
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Welcome to the community! Glad to see more people trying to learn about crypto currencies and the technology behind it. Make sure you read the rules before you start posting. If you have a question, try searching for any threads similar to your question. You might get your answer over there.
Anyway, hope you got your answer over here. Also do look at the link the previous guy posted. The Glossary is going to be helpful!
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Hello, according to the website: blockchaincenter.net, these cryptocurrencies are most searched among cryptocurrencies: 1. Bitcoin (80,8%) 2. Ethereum (14%) 3. XRP (8%) followed by Litecoin (4,7%), Bitcoin Cash (2,7%), IOTA (2,5%), Monero (2,1%), Tron (1,8%), Dogecoin (1,8%) and Cardano (1,5%). They processed information based on Google Trends. When you compare it with the market cap, then where is Bitcoin Satoshi Vision, EOS or Binance Coin?  Nothing surprising over here. Bitcoin has been out there from the very beginning, and whenever anyone thinks about crypto currencies, the first thing that comes to their mind is "Bitcoin". When they start learning about bitcoin, they eventually come across Ethereum since it had one of the most impact on the development on the crypto currencies. I guess XRP is here because it is kinda centralized and rumors about banks using them? Some people think centralized coins are going to be a success. |
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Stablecoins are not bad to invest in, moreover it's not like you are investing in it because there is no profit to be gotten out of it rather it is more like using stablecoins to protect your funds during bear market which you can still convert back to your favourite coin when the market changes for good.
However, about Tether and Libra, both are two different projects or platforms because one (Tether) is already developed for years and currently can be seen as the best stablecoin with huge volume etc while Libra is yet to be launched thus no one knows actually what to expect from it. So therefore, in a bid to answer the question, Tether is worth the attention given to it.
Stable coins are not a bad investment? Lol, you don't make any profit off it, so there is nothing to invest on it and you know what. But, it is still a bad investment. As far as I know, your tether tokens can be frozen anytime. I am not sure, but I think if you come across some stolen tokens, they can be freezed. Yeah, tether and Libra are different things. Is Libra still under development? I though it already died before it even got to launch. |
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Bitcoin total supply is 21 million coins and there is less than 2,6 million left to be mined. Almost 88% of all Bitcoins have been issued so far. I like visual representations, and I found one for Bitcoin supply. 1 square equals 1000 BTC, and there are other categories like: Lost Coins, Coins on exchanges, BTC/Year after halving, Grayscale Bitcoin Trust, Plus Token Scam, Mt Gox Wallets, Winklevoss Twins, Bitfinex Hack, Roger Ver, Tim Draper, Bitcoin Pizza, Lightning Network and Rest. Each category has it's own color and reference link. You can see that nice chunk of coins is kept on exchanges (sadly)  -snip- source: https://www.blockchaincenter.net/bitcoin-supply/How did they know those are the total amount of lost coin? I am pretty sure there are more and thousands of those lost coins aren't reported at all. Yeah, they should be move to an exchange before trading. If no one moved the coins, then there wouldn't be any trades going on and the volumes would drop, affecting the price very badly. They are "kept" in the exchange. They aren't held over there forever. Though I do like the visual representation. You get to know a lot buy just looking at the photo! |
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Hi there
A few days ago I used the swap function within myetherwallet to buy some ETH with BTC.
MEW (my ether wallet) seem to have "partnered" with changelly and implemented their service into the wallet.
It was the first time I used changelly as swapper and got burned right away.
Although I provided a BTC adress, neccessary for return in case of a failed transaction, I never got any ETH and I never got my BTC back.
So far, so bad, but when I asked MEW for help, they just gave me an email adress of changelly.
That was 4 and a half days ago.
Does changelly have a bad reputation? Is this a legit firm? Was I an idiot to trust them because they where implementd and "partners" of MEW?
Anybody else lost their funds to changelly?
Never used them, but heard about them. I don't think they are going to scam. Did you contact changelly via the email address given to you by MEW? If you haven't try contacting them first. They do have a very bad reputation in case of customer support. Did a quick google search where people kept on complaining about how bad there support is when trying to contact them to retrieve their "lost coins". Others also reported saying that they were asked for ID verification. You probably might be asked to show some documents. |
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If we get less shitcoins, scams and incompetent projects then we might see the future of cryptocurrencies sooner or later. There will be future of cryptocurrency, that's for sure since we are progressive society we always take the advantage of being a techie. Especially now that the pandemic teaches us a lesson, digital payments would be a lot more convenient than ever and you already know why. But don't expect that much, we have government that governs us from everything cryptocurrencies are in process.
Trust the process
You can't stop them. You know, its a "decentralized" system. All we can do is just avoid those shit coins. Give them no attention at all and stick and support the ones that are legit and has been in the market from the beginning or is truly showing their interest on developing the whole crypto system. But sadly, there are people who still fall for those stupid projects and invests on those which encourages more scammers to come up with new scam project! |
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TimtheYoutuber, there are no crazy stuff going out there. What we have now is less than even what is expected. This pandemic has retarded the bull run expected from Bitcoin this year after halving. We should know that If not for Coronavirus, Bitcoin would've eaten the $11,000 — $12,000 wall since. This is a bullish year for cryptocurrency if we go by history of all halving. I expect a lot of exciting times in months to come.
I have heard the exact opposite. Usually after the halving the price of the bitcoin falls very sharply. This is what the so called "expert traders" has also been predicting based on the same pattern that has been repeating during the previous halving, but this time it was a bit different. We have seen the price steadily growing and now is around the $9,000 USD to $10,000 USD. People are saying its different because of this pandemic. Yeah, lets see what happens in the remaining month of this year. |
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Not calling him a scammer or anything, but I would suggest others to be careful when sending him a message. Double check the links he sends you. Be extra careful when trying to download anything sent by him. He is a new user and says that he posted about his losing everything, but I don't see any such post over here.
And if you are serious, try the service OmegaStar suggested. 20% fee is low I would say. Would be safe to use them. At least they won't run away with your coins once they crack open it.
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Everyone over here is saying BNB is a very good coin and now is the perfect time to invest on it, but no one explains why. They all sound like sheep. All they are doing is just repeating what others are saying. They also probably invested on it thinking its a good investment because others told its a "good coin" and now is the perfect time to invest on.
Looks like you did your research and you came to a conclusion based on the "announcement" they are going to make. Then go ahead, invest on it.
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There are several reasons why the economy of a country can go down. Its a very broad topic. The changes can happen due to change in aggregate demand and supply, wrong monetary policies and so on! The economy of a country also depends on the mentality of its people as well. For example, in my own country, lots people like to store the money as hard cash (not even in bank ) rather than spending it. So, a huge amount of money becomes stored which could be used for productive purposes. Thus despite of diversity, natural resources our country can not flourish economically.
The "mentality" of the people shouldn't be blamed in this case! It is because of the government making bad fiscal policies that might have triggered people to store money as cash outside the bank. Proper policies and incentives taken by the government can encourage people to start investing their money on business and elsewhere. |
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I think it's time for bounty hunters to start claiming their right on this forum, I'm talking about bounties that wants hundreds to thousands participants on their spreadsheet but plan to pay bounty hunters 5$ each for their 8month work, this is getting more ridiculous every day, IQ cash bounty is over and with the current price per token you will be lucky to earn 10$ to 20$, if no one is ready to stand by me I will stand for myself, what I want is
Fixed bounty allocation or
Limited bounty participants
We can't keep helping new projects for pennies, we should take actions
Lol. I though the "allocation" and the total number of "participants" were fixed? I am sure they announce how much they will be spending on those bounty program. You join the hunt knowing how much you will be receiving. You receive your promised amount. Now, if the value of the tokens of those shit project falls, there is nothing much you can do. Those new project you are helping for pennies are shit projects that are just leaching away investors money. Try doing something else other than joining a bounty program. |
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The fifth mistake you mentioned (don't be a follower) is the one that most users make. They join random telegram group and chat rooms where people suggest them to invest on certain coins. They create hype in those group and mislead the traders with small information. Those groups are either managed by shills of fake projects, or some people who try to manipulate dying "shit coins" and convince users to invest on it (make them buy those dying coins). I have even seen groups that asks for payments in order to join those groups and receive trading advises!
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There are lots of lists that you have entered and for me personally spend it more often in gambling, even I've done it a long time ago or since I first knew bitcoin, this bitcoin gambling is something that makes me even more involved to enter the cryptocurrency market so I consider it something ordinary and not surprised when I read in your article if gambling is included in the topic section on how to spend bitcoin.  And what do you do with your winnings? You should probably try using it as a regular currency. Trust me you will love it! Instead of paying with fiat when you buy something next time from Amazon (if you are looking for a legit site to buy gift cards, try bitrefill or coinsbee. Coinsbee has cheaper rates compared to Bitrefill, but bitrefill has better interface!), try buying a gift card using your crypto currencies. You will really be amazed how fast, smooth and easy it will be to use crypto currencies! |
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The popularity of crypto assets throughout the world has attracted the interest of many companies involved in it. One of the new arrivals from London, England is Elquirex. In addition to offering speed in trading, Elquirex has a feature "borrow money" guaranteed crypto assets, including Bitcoin. Crypto asset exchange management companies do have to think extra hard to attract users. If the trading speed feature is common, the "borrow money" feature might be a new custom alias new normal. The matter of borrowing money (Cryptoloans) is referred to as the relative superiority of Elquirex compared to other players. You simply pledge (guarantee) your Bitcoin (BTC) or Ether (ETH), then you can get money and be transferred through Perfect Money (PM) services worth US dollars. Elquirex provides loans to users with a relatively small interest rate. Prospective borrowers do not need to include any additional information, including loan history information elsewhere. Users simply prepare a guarantee of crypto assets, we save, then the user gets the loan in US dollars. As of June 8, 2020, based on the Cryptoloan calculator provided by Elquirex, to borrow US $ 1000, for example, the guaranteed Bitcoin / collateral is 0.171504 BTC (with an exchange rate on June 8, 2020). So to have money you don't need to sell your Bitcoin, just borrow money with a guarantee of Bitcoin and Eth. https://cryptoloan.elquirex.netLooks like a really new service that joined the market recently. I would advice everyone to stay away from it. At least for now. You never know when they will end up scamming peoples coin. Like the other user mentioned (from their ToS), they will be "going through strict" checks, which means they will be holding your coins longer than you expect and can seize it anytime. Though how are they going to benefit themselves? What if the person who took loan, defaulted when he saw the price of his crypto fall? |
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Any use for coins/tokens of defunct projects like Synereo/Hyperspace (AMP) and others?
Not really. If they have like few cents left in values, then sell them (but I doubt anyone is going to buy those). They will soon come down to like 1 sat each and no one will be buying them. All you can do is make a collection of "shit coins". Hope you learned a lesson from it. Next time make sure you never invest on those unknown tokens with no potential |
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Scamadviser isn't the best site to check if a site is scam or not. Look at the reasons they stated! Totally absurd. One of them says "it deals with crypto currency services, so might be of high risk." Clearly is trying to tell that crypto currency isn't safe at all! Even legit sites are marked as unsafe and scam by scamadviser because crypto currencies are involved. |
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According your explanation, it's not because of they getting loan to invest in altcoins... Buy they decided to invest when FOMO and not learn what they invest for. Knowledge is the most powerful while you want to start invest, you shouldn't only following the analysts prediction. Not all analysts is expert and know about cryptocurrency. Most of them is only shilling their project/service.
Doesn't matter at what time they are investing, you should never take loans from someone else to make any kind of risky investment. Altcoins are actually a very risky investment. If you are planning to make investment of new altcoins, you are likely to suffer from huge loss. Its best to invest using your own money. Better to invest small amount of your own money rather than risking someone other peoples money. If you can't afford to invest, then don't invest at all. |
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People want to get away from the monetary policies of the government simply because of too much manipulations and potential risks on our fiat savings. Which make it simplier to think upon Bitcoin as a new means of securing our assets. BUT What the hell does happen to our beloved crypto exchanges trying to halt prices by suddenly going "offline". Have you heard the Black Thursday (March 12, 2020) when Bitcoin plummeted its price to 3,800, some says if not with Bitmex went offline at that time, the price may goes to 1,000 usd each; imagine you bought bitcoin at that price. Funny is it, because right now as Bitcoin price tries something in this trying times  to go up, Coinbase suddenly went offline maintenance, isn't it odd? Read Me....Coinbase does say that their servers go down because of the sudden spike of the usage. When the price starts to increase suddenly, the network load on Coinbase also starts to increase, which also results in increased latency. Thus, it causes a lot of problem (to their API and stuffs) and the servers it self goes down. They say they are further investigating into it, but never updates us with anything. True, its weird that don't actually work on solving this, as it happens quite frequently. |
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This was the case for a long time, for example exchanges refused were closing accounts of customers who made deposits from their crypto gambling accounts. This can be explained by the fact that crypto casinos are unregulated and can be used for money laundering, so coins that come from them might be dirty.
From a practical point of view, there should be ways to "clean" your coins. Maybe it's enough to just move them between your addresses to build up a bit of history after the mixing. Or maybe you can deposit it to some exchange or other service that doesn't care about mixing and then withdraw from them. It all will not work if you will be personally approached and requested to explain the origin of your coins, but it might be enough to avoid triggering the automated chain analysis tools.
Isn't this the exact reason why exchanges implement KYC? I mean, more and more exchanges are asking for user identification. They are doing this in order to keep the user database clean. They are doing so that users don't launder money using their exchange. The KYC process helps them identify those who might be laundering money using their exchange and hand over the information to the law enforcement officers. |
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