Hackers have been here from the start. The lack of regulatory over watch also helps them in getting away with the hacks easily. The ignorance crypto users show with the security of their coins is huge. Also the social media sites allowing hacking and phishing websites to advertise helps them.
|
|
|
Finally someone gets it. The amount of times I have read about people predicting that bitcoin is dead or bitcoin is dying is big. After your first bear cycle one learns to just ignore these FUD posts and keep on increasing his bitcoin stakes during times like this.
|
|
|
Your price prediction is alright but your reason for it is wrong. It's not the adoption rate due to which bitcoin is dropping in price but the correction that the market is going through after such a huge rally we went through for such a long time.
|
|
|
I think the current goal is for overtaking visa and debit cards. Paypal isn't much big of a target and Paypal is just online while we are targeting retails too. Although we have a long way to go I would say with lightning network implemented we will be able to scale big.
|
|
|
Currently the bitcoin adoption rate is too small for the markets to mature enough and also the market caps of these coins is too low to be mature enough to have fiat pairs. With the increase in Bitcoin adoption rate the maturity rate will also increase.
|
|
|
Of course the bitcoin price is manipulated otherwise how do you think the coin has such crazy volatility? With no regulatory over watch the price is bound to be manipulated. But this manipulation is good for the bitcoin project as it is what attracts many people to bitcoin.
|
|
|
Yes it will, but no one can really predict when. The last bear cycle took few years to end and how long the current bear cycle will go on cant be predicted. But with the huge rally we had I think it will take longer then a few months for the markets to recover.
|
|
|
You only lose if you sell. But if you are a hodler then you will likely not lose anything, as the coins you invested in has strong fundamentals then the coin is likely going to recover in prices and give nice returns on your investment.
|
|
|
Saw it drop more than 60% in the morning on Binance and was searching for the reason for such a big drop then came across the founders getting busted by the SEC. With the amount of scams happening in the ICO world its about time the SEC started doing something about it.
|
|
|
Thats why the saying only invest what you can afford to lose is so common in crypto world. If you only invest your extra money then theirs nothing you have to be worried about in a bear cycle. You just need to go on with your daily life and wait for the markets to recover as its going to eventually happen.
|
|
|
Its not that easy that you can just multiply your coins. Try to trade without any money first, you need to do many trades and try to come up with a system that works for you. Try to not be greedy as that will lead you to losing your entire money.
|
|
|
I would say just quit trading and become a hodler. Not everyone is made for trading. In the crypto world the hodlers get better returns then the traders. Also hodling would be good for your peace of mind and will help you stay relaxed and focus more on your day to day life.
|
|
|
I think Bittrex will be able to survive but not grow much as they require verification and I don't think people from outside the US will be interested in giving their personal documents to them as there are other great exchange options which don't require verifications, plus with many more trading pair options.
|
|
|
I think the time is past when you could find low market cap gems, as most of the coins currently with low market cap are either scams or still low cause they don't have any working product or a real world use case.
|
|
|
You don't have to use real money to trade until you learn how trading works, Just make sure to do many tests before diving in with real money. Try to come up with a system that works for you. No one is going to teach you that, you will have to come up with that yourself. You need to learn to not panic too.
|
|
|
The blockchain technology is still far away from being able to handle the current world population. During the recent rally bitcoin wasn't even able to handle the transactions happening on its blockchain and there was heavy backlog with the transaction fees reaching the moon.
|
|
|
Diversify is the word you are looking for. Never invest all your money into just a single coin no matter how much you feel the need to. You just invested all your money into a coin on which fingers have been pointed on the legitimacy of the project. Prevent your FOMO from kicking in next time.
|
|
|
Looks like Ethereum isn't ready yet to take the charge as no.1 coin. The last rally and the current scenario just goes on to show that Bitcoin is still the king and theres no coin who has the potential to dethrone it currently.
|
|
|
The train is currently going back to the junction it started from. Just be ready with your tickets when it reaches the junction. The current adoption rate of crypto is still very low and until it is low you are not going to be late to the party.
|
|
|
Not really, It is down the same percentage as Bitcoin is down from its ATH and most other altcoins. This is crypto markets we are talking about, anything can happen here. The crazy part is what attracts me to it. But Eth is a coin with very strong fundamentals and will recover much faster than other coins.
|
|
|
|