That would be a huge bullish push to bitcoin even if one country does it for now and then more will follow suit and the biggest rise in bitcoin price will happen. But that is still a long way to go, currently only institutional investments are coming in and that too Musk is selling coins when they want to.

I dont think they are concerned about safety, they are more concerned with the money laundering. Point is that both fiat and crypto are used for money laundering and at least in crypto these criminals can be caught. More if the country starts its own stablecoin. Already digital payments are on the rise and if they add in stablecoins then it will be a boost for them. But maybe that will delay the acceptance of bitcoin to some extent.

There may be more than one side to the story, here we are seeing from the customer perspective.

There is serious lack in security measures among centralized exchanges and every few months we see one new exchange getting hacked and the owners are probably ramping security up but not going up to the mark.

Likewise they rarely store the coins on a hot wallet beyond a max value. Most cold wallets are not directly connected and therefore the theft of funds are not immense. Still this sector lacks a lot in legal concerns as to how they protect their customers and those who are putting their trust in them. One thing I hope will change if in future we can see a regulation in crypto.

The idea that you should not store coins on exchange is an ideal one. What happens to the ones who left trades open overnight and went to sleep? Their money gets locked up for now. Hoping that they become operational again and take proper measures to prevent such incidents again.

Scammers evolve as people become more knowledgeable about previous methods. Now they are trying to set up fake forms to collect information and get you to give them the recovery phrase.

A basic information here should stop this scam - one must not share their private keys/secret phrase with anyone because one knows it will be able to spend their coins.

But the mistake some people do is they try to use Google for queries when they get into problems, that is where the phishing sites come into action. Their SEO helps them come to search results. Cant help this but make people aware of the same.

Also suggest you to move this topic to "Service Discussion (altcoins)".

Those who are investing in crypto have to deal with the market risks. That is like a statement that enthusiastic newbies forget before they enter.

All the while the market price of BTC and DOGE were rising, nobody seemed to accuse Musk for the same but considered them to be some Cosmic fortune teller. But they have been manipulating the market for a longer time, not today.

And since the SEC does not look into regulation or in fact nobody regulates crypto, this is not coming under any criminal code. Had it been the stock market, things would have been slightly different.

Bottom line for all traders, you are responsible for your trades. Humans tend to blame others for their mistakes but that is a wrong approach in trading.

These scams mostly spread by Telegram accounts which are owned by the scammers to spam the phishing site link into the official groups or other unofficial groups where like minded investors are members of. Mostly targeting the newbies who are less experienced about such scams.

I hope any newbie searching for the same will land up here and take notice. Other than that, less tech oriented users and less experienced older generation users will get scammed by such websites. More so because the ones who post these links often attach a nice discount percentage only to draw traffic to the scam site.

It is a question of how quickly the correct site link is bookmarked by the user. Also Metamask browser addon will block these phishing links once they are informed about the same.

At this time this is only a "thought", not yet a reality. So firstly a government can develop a stablecoin backed by their country's fiat currency and all users to use that. But only a radical country would limit users to that specific currency and stop usage of others. A democratic country would allow usage of both but keep some perks to make sure their users use their country developed stablecoin more than others.

A government cannot "destroy" a stablecoin. It can stop its use, though even I am not that knowledgeable as to how that is possible by any process other than stopping electricity supply or Internet stop.

Mostly what governments are concerned with is the money laundering that can happen with cryptocurrencies. If they find a possible solution to that then such regulations will not apply. So for some who is not performing any criminal activity, they dont need to worry about any upcoming regulations.

Have been hearing that "world ends" type for bitcoin thing for several years now. Dont know what makes people listen to that anyway.

No-coiners are there often trying to demean the value of bitcoin and make it seem that it is not worth putting money in. So they tend to focus on the negatives more and consider every crash to be the last only to be debunked again. I believe their knowledge of how speculative assets like in stock market as well, is lacking. Any veteran trader on wall street also know that markets once crashed will rise back up again, all part of a cycle.

Fellow user, this is where some of you go wrong and will end up losing more. Altcoins are a type of a distraction to bitcoin traders. If you are going to make money, you have to brush away these distractions. Going into altcoins the possibility of profit at a low risk is greatly converted to a high risk. But if that is fine with your then by all means do so.

Think about the price of bitcoin compared to the price of altcoin. A percentage change is the relative measure not the absolute measure. A 5% change in bitcoin price means a huge amount compared to the 5% change in a shitcoin that costs 1$/shitcoin.

Just ask yourself the question - Would it cost your a higher amount to move the bitcoin market price by 1% or a shitcoin market price by 1%? How can you reach this answer? By first knowing what the market price of the shitcoin or Bitcoin is.

This is why Bitcoin price does not change in percentage value much over a day but altcoins may undergo pump and dump and show up with 400% changes over a few hours.

Those coins remain usable to anyone who is able to obtain the private keys to that wallet. If they are not found ever, then the coins are considered as good as lost and nothing happens to them.

Yes. This in turn makes every bitcoin owner more and more cautious about the number of coins that they own and secure their own assets. Lost coins end up raising the value of the coins that other people own and that is why one must guard their coins with proper measures or end up like the people who talk in chatboxes about their old hard disks with password of lost wallets.

Holding a stablecoin will not give you any unrealized profit, true. But buying tether in exchange for BTC when BTC is priced higher and then selling Tether to buy BTC when BTC is low is a method to increase your net amount of BTC or for that instance, DOGE for the OP.

It is an intermediary only, not for a long term hold. Of course the plan may not go in the direction you want it to go but it is possibility and hence commonly used by many traders. There is a negative view about the backing of tether in the traders community. Honestly speaking, if you wish to make the profit, you have to know these tools, just brushing them away because you have doubts in them, you may miss out on something useful.

But again, I dont recommend holding Tether, sell it for BTC once the price matches.

Agreed, trading altcoins is a pain in the rear. Compared to bitcoin where we can somewhat predict the support and resistance levels and then make a calculated guess on where to buy, altcoins never seem to come out of their pump and dump cycles. Right now if some coin is falling, for bitcoin I would advice to buy but cant say that with certainty for altcoins.

Being on safer side and mentally sane side bitcoin becomes the better option. Beside all the negativity around the world, traders need to keep their cool so keeping bitcoin in maximum is what I prefer. Plans for bitcoin is usually long term and will not change. It would not matter much if power failures happen or not, you are in it for the long.

*insert* "Are ya winning son?" meme 

Of course these sites give guaranteed profit. For the owners of the site that is.

Just make up some robot and AI and bullshit about trading and marketing and there you have it, a nice looking website with a wall of text that makes no sense and a method to make money out of thin air.

Got to appreciate the effort they made to prepare a short video on the About Us. I wish they put this effort into a legitimate project. The girl at the end of the video was cute though, wonder where they got the permission to videotape these models.

However there are some known legit AI based trading algos like Gunbot which is known to this forum users. A scam project like the above one ends up downgrading the legit project's name. But we can do our part and report this to NameCheap.

Definitely Not airdrops. I would rather call them shitdrops if that makes sense.

Having seen the effect of trends and its hype on the market, airdrops came into existence but ended up being another shitcoin for each airdrop. The first few projects who started that trend may have been able to do something worthwhile but the rest of them at that time were going through the ICO hype. Then they saw the airdrop trend and jumped on that.

Many such names who started airdrops have been abandonware now. So why even think of such a method if there was no real motive behind them? Giving away free money, when that money is worth zero is a marketing technique and not a method to make the receiver rich.

Power Failure? Most trading sites have mobile apps that can run on your smartphone and the smartphone runs on a battery so you have some backup time to make a last trade before having to stop using electricity. However for a pro trader, power backup options are important too. Most of them spend some money to set up an inverter and battery pack.

Internet ban? A very radical move, that would be for a country to make. In such a situation, essential needs and survival becomes more important than trading. Temporary internet outage, needs a backup internet connection, again your phone's sim has one which can help here.

Intraday activities - not exactly sure what you mean by that, because the term is more applicable to stock market as the day does not end for crypto, it runs 24x7. Still day trading is done for crypto by specific people. But how does that change the plans?

They are in it for the profit, this becomes common sense - but as we know common sense is not that common.

I expect the same with dogecoin too, the amount of hype surrounding dogecoin, youtubers talking about it, specially Musk sponsored channels talking about it, I decided it was time to sell and book a profit from Doge and I am happy to do that.

Bad thing is that if some big investor makes it public that they sold, they are actually expecting a response on the market too. Usually these buy/sells are done clandestinely without telling the public. Hence probably they are expecting a dump to happen in the market later today. Good chance to buy for those who are crying about missing out.

If you also want to make a profit, you have to enter the cycle at the correct time and exit at the correct time.

Since I am mostly trading bitcoin, I rarely see that number, but of course yes, in Bitcoin if the price falls any place more than 5% of current price it is a good position to buy. However this percentage will change with change in the base price. Meaning that back in Bitcoin price 600$/BTC the 5% drop would mean much less than Bitcoin price of 60000$/BTC, I hope you understand the angle.

Now going to altcoins, such dumps are more common there and the base price is not that high that even 20% drop can make up a large chunk. Hence I avoid trading in altcoins. But for your advice, the swings in altcoins will be much higher and you are somewhat in a bad ground that if the price keeps dropping. You could attempt to hold from there and not buy any more hoping to exit the position if it rises again.

Again altcoins will end up often as Pump and Dump and often go beyond your control. It is therefore adviseable to reduce your portfolio of altcoins to a bare minimum of the top altcoins in the market.

One thing I generally tell others to make sure they dont miss out is to buy in every dip after a certain percentage drop in price - keep those listed in a excel sheet and accordingly sell them at a profit whenever the rise happens.

You might think that you are going to buy at the perfect dip, but the perfect dip never happens - so you must capitalize on the dips that happens, like for example, yesterday and the day before bitcoin was down to 52k USD Levels and now if you bought there and sold today when it is back to 55k or more, you have made a profit.

A huge dump is less likely to happen right away, hence the division of liquid cash to buy that more than one dip. This is better said than done though, while doing so you might think twice before taking the risk but it can work out.

Another important thing is patience. Watch the market and if you see more stagnancy then go with the above technique. But if the market becomes too volatile, you might want to stop trading for a while of buy at very low price.

These scams are still happening and people are still getting fooled.

Were there investors who put their money in it? If possible gather them in a telegram group and get them file a complaint. Take the legal route because they lost their money. Bounty hunters are not legally bound to be paid but still this could be a possible way to punch back at them.

If the IP/country location details of the website owner can be found out, it will not be long before the scammers get caught, but of course corrupted law enforcement in some countries will not help, which is usually where these scams take place from.

Even then, gather the mob and then take a decision. For now, how about raising a Type1 Flag on the account which posted the bounty and any other accounts that may be connected to the same?

Generic pages filled with generic writeups and generic images - check
Newbie account posting this as first thread - check
Domain name registered 2months ago and not team information available.

The address posted on their footer


Does not list any offices as per google maps and only shows road locations. A local resident might be able to clarify this.

For now though, there is a high supicion that the project is a scam probably a ponzi scheme and therefore those who are going to read this are adviced to stay away.

Flag Type 1 created on the accused - https://bitcointalk.org/index.php?action=trust;flag=2741

Are you from India? If so then electricity costs will be high and so will the price to buy miners and build a farm. Not sure if you are already aware of it, but with a single or couple of ASICs you will not be making any sort of money in this competitive market. You need hundreds to thousands of miners and a location to hold that securely along with electricity and maintenance costs to even out the ROI that you will be getting.

See, this is not a get-rich-quick scheme, some altcoins might give a good ROI but it become a cat and mouse chase game to find out that altcoin and run after it mining it for sometime till it gradually becomes non-profitable. Ends up being a waste cycle.

Dude, which fantasy are you dreaming of? Bitcoin has been here since 2009 and if such a method was possible, someone would have already done it.

Read the first para.