I've recently noticed this little thing. Might shed some light on the recent price action.  To explain, blue line is USDt/USD chart, orange line is BTC/USD. Note that BTC was slowly rising, but at some point on 13th November our so called "stablecoin" started to lose value to USD to the point where it dragged all cryptocurrencies down. I've seen people say that it's normal for USDt to lose value during a crypto crash, because it's after all another coin, and people are going through it to sell other cryptos, but this shows that it did not go down because people were selling, it went down when the price of Bitcoin was in fact rising. A whole day before the recent 15% crash. Now, let me put my tinfoil hat on. On the same day, the 13th, we get this: https://cryptonews.com/news/bitfinex-users-struggle-with-fiat-withdrawal-2905.htmIs Bitfinex messing up the price for us, or is it all just a coincidence? Trading floors have different prices and so the manipulation is evolving in our market. This is a psychological battle. If you catch up with the whale's thoughts, you will definitely get rich soon. USDT / BTC is a great trick for many investors. They mistakenly think USDT is a fraud and bought a BTC at a very high price.  |
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As we witnessed a bearish year which lasted longer than the prediction and some people was it was the bad year for crypto but i feel it was a the year of correction as the value of crypto were overachieved at the end of 2017. Hence we are having a correction period to what the real value should had been? Kindly share your opinion.
I have the same opinion with you. This is really a bubble. And you know, a bubble flies easily, it also easily breaks. So I sold all my tokens in late 2017 and I still keep USDT till now. I think this is a good time to buy a lot of altcoins. The price of ETH is too cheap compared to its real value. |
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I have some money not more than two months later. In which coin should I invest? I searched to find my answer, but advices are for long-term investment.
Two months is a relatively short period of time to make a profitable investment in this market situation. But I think you should trade IDEX. There are a lot of altcoins with strong fluctuations there and you will easily earn money from it. But the risk is high. To minimize the risk, you can join several signal groups to make it more profitable. |
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Ripple has a big potential with it's developer and investor, they love to start a bull run periodically then smash it like nothing. If you can catch that "ripple" on it's start you can gain 10x-15x but if you be late you can lose a lot, it is risky but if you look at yearly graph it is about time and today's rise seems like a signal.  That signal is real. Now the price of the XRP has surpassed that of other altcoins in the top 10. That's a good sign and I think XRP is really a great altcoin to invest. Ignore the bad comments about XRP. We only have important results and it has done very well in this bad market. |
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Oh my god after the fall down of etherum from 1400 $ to 200 $ what do u think of the soon futur of etherum?! .. my opinion is etherum will get to the top again it's normal when it's so down with every other coin or bitcoin.. can i use patience as a smart solution to get rich with 4 ether now !
ETH $ 1000 is definitely the wish of investors and bounty hunters. But I think we need to contribute more to the crypto market so that it can grow better than ever. because from now on it will grow with its real value. If there are not many investors investing in it or less ICO projects, it will be a catastrophe for our market so we must continue to work and promote better blockchain technology. |
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What coins do you suggest for long-term holding? Bitcoin and Ethereum excluded.
That is definitely ICX. It is an altcoin that brings interest to you every year. Each year they give the figure of 8% based on the total amount of your investment. It is a safe altcoin to deposit into and hold on to long. Once you have enough funds, you can invest in Bitcoin when it signs develop. |
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Do you think October and December are the months of Crypto and BTC?
nope. Now the market has changed the way it works so there are no longer any months for Bitcoin or Altcoin. Everything has changed and we have to take the time to revisit our new way of doing things to make the right strategy. |
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I think the most important thing is your plan and intent. If you do not have a good future plan, you will easily be greedy or red by the market to make you act out of thought. So I think we should know what value we are focused on and then pursue it to the end.
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I appreciate all traders. But specifically it is the best time for short time traders. Because market price will increase soon then you will be definitely profitable.
What do you think?
I do not think in a short time the market will grow again. It takes a very long time and if you are a short-term investor you should not invest now. I see that the altcoins of the good projects are often pumped very strongly in the moment. Investing in ICO projects will be a good decision. |
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It's a dream number and so now many trading floors are created to want to achieve such high profits. But I think Binance is the best and its value always increases over time. I think we should invest in Binance before its price increases to $ 20 per coin. |
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What do you think will happen with the cryptocurrency in the future?
In five years, Bitcoin will increase back to $ 12k per coin and our market will get another $ 300bn for the supply and business cooperation between the altcoins and large businesses. The blockchain technology is indispensable in the future and I always expect it to get the chance to show off. |
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I just find that the simplest thing is to engage in bounty campaigns or airdrop. The task you set out is really difficult and it needs high expertise to perform. To me, one who is not good at technology has only two ways to earn Bitcoin. Join the bounty campaign and airdrop, that's all!
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As we witnessed a bearish year which lasted longer than the prediction and some people was it was the bad year for crypto but i feel it was a the year of correction as the value of crypto were overachieved at the end of 2017. Hence we are having a correction period to what the real value should had been? Kindly share your opinion.
I agree with you. Our current market is adjusting to a reasonable level, the values of altcoins are now real and I still feel good for the value of them now. no pumping and dumping. From now on the market will develop based on our investment. |
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wow, it looks like the SEC does not participate in the crypto market but they still enforce the law outside the market. That is a dangerous thing. We need to be careful with the trading floors and need to analyze and learn more thoroughly about the trading platform that is sure to be safe for us. |
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I used to sign up for airdrops until I realised most of them are just scammy/ really not worth anything.
I want to know your thoughts about them. Are they still something interesting to get into? If so, what do you think is interesting?
I do not think the Airdrop program is now good. There are currently a lot of bad programs going on and it is scams. I participated in a group of over 500 telegrams working on airdrop programs. In the last 3 months, they did not have any income from Airdrop and 80% of their programs were fraudulent. So I think you should not spend too much time on it. |
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In your opinon do you think cryptocurrency have to become somewhat like a fiat currency to compete with traditional financial system?
Would like to hear your opinon.
Never that can happen. The fiat money is really very valuable and it is still an asset and being active in the forex market. How can the cryptocurrencies compete with fiat money when it's not the same? We call the electronic money but its nature is the money transfer tool. It has no other functions. It is simply a unit in our crypto market. |
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Since january we all experience the red down lines
everyone experience this how long can you still hold your coins
and still hope for the best , are we waiting for another 3 years to reach the top
or we are now heading back to upward lines
I agree with your opinion. You are an impulsive person and you have the composure to observe the market. Although I have suffered a loss of over $ 3,600 in recent trading sessions, I still have to keep calm and observe the market. I think 3 years later the market can grow again. But that would be the real value of it, it does not depend on whale pumps. |
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The Hong Kong securities and futures Commission (SFC) has published rules for cryptocurrency funds. The regulator also said it may control trading platforms, Bloomberg reports.
According to the new requirements, Fund managers, whose portfolio contains more than 10% of assets in cryptocurrency, must obtain a license from SFC.
Crypto platforms that serve only professional investors can join the experimental "sandbox". In it, companies will be able to conduct experiments in the field of anti-money laundering on their sites to prove to the regulator their competence in this matter.
It is noted that the company has the right to apply for a license, if successfully tested in the "sandbox".
"The digital asset market is still very young, and trading rules are not always transparent and fair. Manipulation and abuse are frequent phenomena in the market. There are also cases of outright fraud," explained the need to regulate the head of SFC Ashley alder.
In addition, the new rules prohibit industry participants from providing clients with any financial incentives or offering them to trade cryptocurrency futures or derivatives.
"If you look realistically, there are two ways: regulation or prohibition. It is good that Hong Kong has chosen regulation," Ursula McCormack, a partner of the law firm King & Wood Mallesons, said.
Recall that the SFC is preparing rules for the regulation of cryptocurrency business in the country, it became known in October.
I think that is one of the brightest decisions from the Hong Kong government. I'm really happy to hear this news. Although they do not agree completely, they at least do not prohibit investors in Hong Kong from entering the Crypto market. That will make our market more capitalized. |
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It does not just have the criteria that affect the price. Our market is being affected by a large adjustment of whales. I think the market-driven institutions have suffered losses in investing in stocks. So they will use the capital in the Crypto market to balance their portfolio. That is the main reason for our market to go down a lot.
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So I see a lot of price discrepancies as I look at coins. I was wondering if arbitrage is effective and what coins to look for that offer the best results. For example, I bought a bunch of BTG for $74 and then later sold it when it hit bittrex for more than $300. Also, is this even legal?
It's completely legal and no one forbids you to do that. Because the Crypto market is a decentralized market and there are no rules. You can make a lot of money in any way you want. So this is a pretty interesting market but it's risky. |
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