It looks like that money isn't flowing out of Bitcoin into altcoins anymore. I see that Bitcoin's dominance has started to increase again (BTC: 43.4%, ETH: 17.7%). Altcoins also have fallen a lot after the recent news.
Yes, and things will improve again after the latest news as well, all of this looks like a game which may not benefit everyone, but everyone has to accept the reality that is happening in the market. Right now a lot of money is leaving the crypto market. It is not going from Bitcoin into alt coins. The market shrieked a lot over the last couple of days and I believe it will take quite some time to recover. Everyone seems to be more careful now. Th enthusiasm of the last months is gonna for now. |
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I think everyone agrees that traders swing bitcoin to altcoins often if they knew there will be a profitable coin in altcoins because at the end of the day traders need to profit, and if they knew there is a possibility that bitcoin will rally they will put everything in bitcoin, its just business for traders, to be able to earn, because, if you will just put your money on something that is not moving, there will be no profit, and its a big gamble for them if the coin they choose goes down its a loss.
I don't know if the ordinary traders are really the traders who stop the trends or if it is the large investors who begin to stop a trend for Bitcoin and make adjustments to their portfolio into alt coins. |
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Never heard of an exchange asking for a refundable security deposit in coin listing but if that's a big exchange like you mentioned, I don't see any problem with that as no way they will put their name on becoming sh*t as it will ruin their reputation.
But anyways, can you disclose in public the name of the exchange? We can get a better response from the community if the name of the exchange will be mentioned. And are you sure you are dealing with their legit representative?
I have actually dumped the people I was talking too, because of suspicion of scam. The exchange was Bithumb. I also doubt that big exchanges would charge a security deposit of 4 BTC (lot of money) and refund it later. I guess that once you have sent the 4 BTC, you will never heard about these people. I do not have 4 BTC anyway, so the discussion was over. But I am still doubtful, I haven't seen articles or reports about these kind of practices, so if it is a sophisticated scam, it is good to report it here and let people know, to avoid some people losing all to these scammers. This is more than suspicious. I doubt you will find anyone on this forum who had to provide a security deposit. What was the reason they mentioned? Just to get started trading over there at Bithumb? Usually they aren't scammers, maybe you didn't even talk to people from Bithumb and fell victim for phishing? I was contacted via Discord. Then they asked me to fill a very simple listing form at @bithumbcorp.com website. Their emails were listing@bithumbcorp.com and everything sounded legit. They said that they passed the project review (took a week). Then they created a Telegram account to ask some questions (3 people were there)... the conversation ended up talking about a deposit of 4 BTC for legal reason in case the coin has some litigation issues. This is when I felt the scam and stopped everything. It is not the first time that I am contacted by people claiming this kind of security deposit, so I immediately catched up the scam. I have since investigated the emails I received and they were forged, using "Received: from wgh24.whogohost.com (wgh24.whogohost.com [23.94.191.186])" You need to read the headers of the email to find the forgery, so it is quite a sophisticated scam, that involves several people and running for weeks. I am 100% certain now that it is a scam, I am web dev for +20 years and these are very well crafted scam, not your regular Nigerian guy. I would advise all coin developers to NEVER send BTC for listing your coin. Use USDT instead and be sure that they do an invoice from inside the exchange, that you can pay from money transfered to the exchange first. Every transaction outside the exchange is suspicious. Every transaction in BTC cannot be blocked. USDT has a way to block a transaction and restore the funds, not BTC. That's my conclusion about this event. I also was scammed by people using a kucoin domain that was using a different type of i (using ì instead in the domain name. They had re-created almost all the visual for the exchange using kucoìn.com domain. On my 4K monitor I cannot see the difference with the original domain. So guys be careful, these scams are very sophisticated even for web veterans. Will, just from reading the first couple of lines of your message here it was obvious that it must be a scam. They set up another telegram account haha. That's the point where you should have started laughing because they are so bad at scamming. Happy you got to find out in the end!  Take care! |
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The list you are providing here is quite shocking, also because I have never heard of many of the hacks. So many projects say they have some certificate from an audit company. It would be interesting to see how many of the DeFi projects listed here had such an audit certificate. Maybe I'll find the time and provide some info on that. I have come across projects that have been audited by large audit companies and have been hacked. Don't waste your time on this. https://decrypt.co/70690/defi-hacks-2021-ciphertrace-report$156 Million Stolen in DeFi Hacks This Year: CipherTrace "That’s more than was stolen from DeFi protocols in all of 2020. In brief $156 million was stolen from DeFi-related hacks between January and April, according to CipherTrace. That number has risen along with the total amount of money locked up in DeFi." Then what are those audit certificates worth? It could even be an insider of the audit services provider. Imagine you detect a loophole in the code, you'd be better off hacking that thing than fixing it. I thought I also heard that they provide insurance after they did their audit. Don't which company it was, but given the size of the security breach they'd be out of business with just a single breach anyway. |
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Thats why experience and knowledge verry important in cryptocurrency, with knowledge and experience so we can avoid the scam. So if we still don't really know about the project, better we just stay away and don't invest just because of the HYPE.
Newbie will not be aware of this, and their eyes are blinded by greed to see all the tricks in this market. Maybe many new entrants will have the opportunity to make high profits in the short term, but if you think you will earn more and are not satisfied, you will lose everything you have. Greed isn't a special characteristic of newbies. I think for newbies it is really that they are new. If they lost a couple of times parts of their investments they'll also pay more attention to what is serious and what could be scam. |
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From time to time Ripple does its own thing and outperforms other coins, but it does that in both directions. When it loses value it also loses value faster than others. I find it suspicious that it often pumps although you can't even find any relevant news that could explain the pump. That deters me from getting into Ripple.
We know that ripple is a centralized coin so its owners can do whatever they want with it, this is what I think it is happening, after all if you take a look at all the coins on the top 10 right now ripple is one of the least affected, but how this can be true when ripple is not only a bad coin but it is also going through a legal process against the SEC? And the answer is simple, manipulation is so strong on the market that it can even withstand the current drop in the markets. Ripple is definitely one of the most manipulated coins in the market. How could it be different? The upswings and downswings are suspicious repeatedly, but they get away with it. |
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Bitcointalk Username:Dump3er
BitcoinTalk Profile URL:https://bitcointalk.org/index.php?action=profile;u=358873
Telegram Username:@nachona
Binance Smart Chain Wallet address:0xda992E91A0632bE2178cc8dFC37fd763522bcce6
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Donating shiba was very cool move. I would like to be sorry for anyone losing money on this but on the other hand this needed to happen eventually. Luckily profits went to charity, unlike every other rug out there. And when you think about it. Who wouldn't have sold in his shoes?
When I started reading this I thought Vitalik Buterin turned out to be a douchebag as those coins were supposed to be removed from circulation. Good to know he sends it to the right places in this world right now. When they say it doesn't impact Shib holders, why is that? If those tons of tokens get sold by whomever at whatever time, it does put selling pressure on the tokens? |
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It cannot be erased from people's minds that XRP is currently facing a lawsuit; this also poses a significant risk to consumers of the coin, as it will result in a loss of confidence if the price drops; it also poses a significant risk for large transactions; just imagine losing 20% of your money when transacting a million-dollar transaction; the risk will be enormous.Many believe that if XRP prevails in court, the price of the cryptocurrency would skyrocket. But I believe this is a very surprising development for XRP, and we will have to wait to see what happens with XRP and the SEC in the future.
To me it is obvious that what it is happening here is just the result of the altcoin market and it has nothing to do with ripple, for example in the case of dogecoin the growth that we are seeing is not only because of the altcoin season, there are many people investing in the coin and they are convinced that dogecoin can progress even further, but in the case of ripple no one really believes this which is why when the market goes down ripple crashes so hard. From time to time Ripple does its own thing and outperforms other coins, but it does that in both directions. When it loses value it also loses value faster than others. I find it suspicious that it often pumps although you can't even find any relevant news that could explain the pump. That deters me from getting into Ripple. |
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this is a very good step for sxp growth going forward, because the reduced a supply of coins in the market will have an effect on sxp prices
Nowadays, most crypto coins have a burning event, the team plans to make the value of the token to be higher. Sure, it is a good step for the further improvement of SXP, the price will increase and this can attract more people to buy SXP. I saw on many telegram group discussions, people are more interested to buy a coin with a burning event or burning program. With more people are holding SXP, the market caps of SXP improves. Then, the position of SXP on CMC to rank up soon. I can't say how many n relative terms do have burning events on their agenda. There are also various forms of burning, but time and again they burn unsold tokens or coins in the beginning. As for the exchange tokens they often hold out the prospect of buying events based on their results. It should be known in advance when those events take place imo. |
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I can say it's a nice reminder post. Most of the people are already aware of this, but there may be newcomers among us, it is nice to have a reminder for them. I agree with what you say, with bitcoin showing an unexpected surge lately, people frequently resort to fraudulent methods. With these fraudulent methods, they can easily swindle beginners or greedy people. A person who wants to make easy money is deceived very quickly, unfortunately, fraudsters who know this use this method, please be careful, let's not trust everyone. search the forum if necessary.
The newcomers probably won't come across this thread out of nothing. That's what the scammers exploit. They target those who fall for the easy hype and aren't too familiar how to navigate this forum. Not that this forum is hard to navigate, but in some instances you only know what you need help for if you already ran into a deadlock at full pace. |
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The list you are providing here is quite shocking, also because I have never heard of many of the hacks. So many projects say they have some certificate from an audit company. It would be interesting to see how many of the DeFi projects listed here had such an audit certificate. Maybe I'll find the time and provide some info on that. |
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Never heard of an exchange asking for a refundable security deposit in coin listing but if that's a big exchange like you mentioned, I don't see any problem with that as no way they will put their name on becoming sh*t as it will ruin their reputation.
But anyways, can you disclose in public the name of the exchange? We can get a better response from the community if the name of the exchange will be mentioned. And are you sure you are dealing with their legit representative?
I have actually dumped the people I was talking too, because of suspicion of scam. The exchange was Bithumb. I also doubt that big exchanges would charge a security deposit of 4 BTC (lot of money) and refund it later. I guess that once you have sent the 4 BTC, you will never heard about these people. I do not have 4 BTC anyway, so the discussion was over. But I am still doubtful, I haven't seen articles or reports about these kind of practices, so if it is a sophisticated scam, it is good to report it here and let people know, to avoid some people losing all to these scammers. This is more than suspicious. I doubt you will find anyone on this forum who had to provide a security deposit. What was the reason they mentioned? Just to get started trading over there at Bithumb? Usually they aren't scammers, maybe you didn't even talk to people from Bithumb and fell victim for phishing? |
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When the shitcoin season ends all money will flow back into BTC, where they belong. Don't be tempted by fast huge gains because the risks are very high.
HODL because this year your gains in BTC will be huge! Hitting the $100K and beyond, the BTC holders are the smartest, to the Moon!
By buying altcoins with BTC, you can increase the amount of bitcoin in your wallet. I believe that I have very successfully exchanged my BTC for ETH, and now if I sell ethereum, I will get almost 3 times more BTC than it was before. But it is still too early to do this, while the altcoin season continues. Honestly that is the reason why people are moving to altcoins and selling their bitcoins as well, most people at least. The reality is that bitcoin will not go 10x again, that is not possible from here, that would be over half a million dollars per bitcoin and let's be honest we are not going to reach that anytime soon, I am not saying that bitcoin won't go up, who knows maybe it will be 100k, or even 200k, that would be super high increase, but we all know that during the same period there are altcoins that could increase 10x even higher so that is why people prefer that instead. It is going to take some time for people to realize the steadier big increase is always in bitcoin and altcoins go up and down a lot more volatile and it is risky, but since we are in a bull market everyone prefers that super high quick profit over what bitcoin can provide. If the sell off for Bitcoin was as big as it is discussed here doubt it be sitting in the stable price range where it is now. If it plunged 1/5th ok then we can discuss a sell off, but right now the storm just calmed down a little and investors do their analysis in order to make the right calls during the next weeks and months. When a coin goes hyperbolic it is only comprehensible that everyone calms down and reassess former thoughts and observations. It doesn't promptly go hand in hand with a sell off. |
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having a conversation with a friend today , he was asking me if he should sell or hold a coin. i didnt give a straight answer, i just told him the project is a good one that can do well but if you are willing to wait then you can hold but if you need some money then you can sell off. he then replied that he will wait for an additional 25% increase before he would sell off. i think i tried my best to let him make his final decision himself. is there any better way to do this? if it were you, how would you respond to this. ??
Sell half then leave the other half for long term. Time will come that the coin you are holding has a possobility to go lower than the price you bought it when bear market happens. Selling half means you will be able to have buying power at a cheaper price or any other coins on sale on that moment. Waiting for more gains will just leave you at a disappoinment if that coin is aleady at its peak and it dumped after few days. If your friend is really in need of money, its a good decision to sell half of them and leave half for long term hold. We all have different views when it comes to selling and holding and it's quite hard to decide for your friend because its his own investment and not mine. Good thing OP you leave him for his final decision. If he sees good profits already, he can sell his coins but i bet if the coins has huge potentials, he can make more profits in the future only if he's willing to hold it for years. Patience is all that matters. Couldn't he even take out a collateralized loan? There are a couple of services offering collateralized lending but I don't know how complicated it is to go through the vetting process and the KYC requirements. I would expect that to take a while until you actually have the money you need. |
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As far as I know it is held by most of the sharks that are pushing its price up, not everyone has made any money out of it. This time looking at the crazy growth they create with it, I am really worried about those who are putting too much faith in it, there are many other potential coins in this market, so I don't care if they influence the market through dogecoin.
$20,000 is just so unrealistic, I do't know why OP opened the topic like this but DOGE is going nuts and it is going up and up and nobody knows why but even if it keeps going up like this it won't get to $20,000. Still it is so weird what we are seeing right now! I don't want to say excessive foolishness, is an ordinary person, and I'm aware enough to predict it might be limited, and most of us are awake to know the problem of coin doge, fake This market is still available for the next 1000 years  , those are the thoughts that the OP is aiming for if we can wait to doge coin $20000 That is an ambitious estimation 1000 years is a long time and none of us will get the chance to validate or invalidate your guess It will however not go to $20,000 that is for sure and you don't need to be particularly smart to know that. If that happens the world has a lot of other problems that's guaranteed. |
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Some weeks ago, CZ was shilling this guy when he said they have something big and caution with not a financial advise, then I thought it was a normal cruise and stalk they do normally on twitter and then some days later, sxp was been given as signal in crypto signal, the next was brrrrr with a big green candle  This move is incredible and healthy for their community. I hope their relationship with binance continues to grow. Perhaps it's time to hop in and get some for long term investment, hopefully it will yield something some days. CZ usually is trustworthy and thinks first before he speaks, but you never know what kind of deals they could have made. Nevertheless, CZ wouldn't put his reputation on the line for a project he doesn't know very well or the people behind it. No financial advice either here. |
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Among the most legit ones are mostly coins that are in fact old in crypto terms. Bitcoin, Dogecoin, Ethereum, Litecoin, Stellar, Dash etc. They all have a relatively strong eco system although the analysis isn't that easy to do as their is also a coin like Dogecoin on that list. All kinds of different coins with their own, and often times special value proposition.
In short, all of the top 10 coins in the market seem to have a bigger chance to grow. They have been in the market for several years and I think that is enough to say that these coins can be trusted. And in terms of market competitions, they had already been tested and proven. But among the OP's Listed altcoins, it sounds like we are having bad days investing with them. Anyway, I can't sure about their future but I don't have an interest in them. I didn't want to say all of the ten in the top because I have my doubts about DOGE and XRP, but generally speaking you are of course right that they didn't just disappear into oblivion and left bag holders with worthless coins behind. The further you go down the list the more speculation and gambling is involved in regards to those coins' chances to survive. For most of them it is make it or break it because if they don't make it you don't need them. |
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Great advice .Just recently lost hundred dollars from a pre-sale Iast week thought the project was legit but turned out to be scam.The team ran away and closed their telegram channel.People into crytocurrency especially beginner's should be very careful when choosing project to avoid getting scammed.
Was the team anonymous? The best way to go about your investments in the early stages of a project is to make sure that you know who is behind it. I gave up on investing in any project where the team wants to hide their identities. They say they would have to because of legislation and bla bla. Even if some of them are honest it is still not worth the risk to be left with empty hands and you can't even officially blame anyone or warn others. The best resource is a live Q&A or video on youtube because they even use fake IDs on their websites. |
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