The simple and convenient explanation is that once when bitcoin was the biggest in "popularity" and only a couple of altcoins were there, we have the Bitcoin OGs in this forum and those sections would be seeing a lot of action and legitimate threads even if some of those were mindless rambling on anti-establishment propaganda.

Altcoins boomed after that and honestly the number of users who read and think before replying on any topic reduced to a very small fraction because the bounty hunters increased in number of accounts.

At times we had 100+ accounts owned by the same user spamming in bounties section while I feel just around 100 is the number of legitimate users who still help out others and reply constructively in threads, global threads that is.

This is a bitcoin forum but altcoin discussions (<read spam) prevail.

Sorry for the late reply, so I assume you would be trying to get into a long term hodl if observing charts for hours is not your thing.

There are two ways you could approach this:

1. Check the charts once to decide your buying points, make a spreadsheet to mark those. Then it is all a game of patience, buy it at the right price. I cant stress this enough, buying at the wrong point because you are becoming impatient is the bad mistake. You would have to regret it during your hodl period. If prices keep dropping, buy more at lower prices with increasing difference in price. 10kUSD+ is not a proper range to buy anything if you ask me.

So better to wait till it drops to 9k or better even lower. This would need some judgement from your part.

2. I see I was wrong about your coding skills, never mind, I know you are into mining so I have assumed that. Anyway you can take part in day trading as well if you get bots to monitor the charts. I think you might be knowing of the Gunbot developed by our very own Gunthar? Search for it if you havent already. But yes this is day trading on spot so more losing of sleep if you know what I mean.

That wont happen because of the mining algorithm of bitcoin being POW. Biggest hodlers cannot influence or take centralized control over the coin.

In fact if there is a better coordination between banking system and bitcoin we might move towards a system where crypto can be regulated for common people to use it for everyday purpose and trading while not allowing criminals who are involved in money laundering and catching who are already doing it under the veil of anonymity provided by crypto.

Of course majority of bitcoin hodlers who came from an anti-bank sentiment will not like this, but looking at the current condition where governments are having to crack down on exchanges and confiscate data logs of users, exchanges going exit scam on fine mornings, this is of course the lesser evil.

But the point is that prices dont become that much volatile throughout the day. Speaking of which, bitcoin is traded 24/7 365days - non stop unlike stock markets. Keep that in mind, the word "day" is non-existent here.

Get your priorities straight though. This type of mindset will only do more harm than good. Either you are in it or your are not. Spot trading is not a gambling and getting stuck in the wrong buying point would mean a vicious cycle of anxiety and depression. Trust me, it will happen.

It is strange that you as a newbie is going straight to day-trading. Do you have any prior experience of stock market, commodities day trading? If not, then it is not for you, you are guaranteed to run into a loss. Spot trading is what I would suggest and that too in the mid-long term time range. Day trading needs a lot of technical analysis and some more dirty tactics on trading groups, not easy for a new entrant.

Binance is enough as long your local laws allow crypto trading and you can pass a KYC on Binance. That is another topic of discussion.

I dont think so. If you miss out on a pump it does not mean that it is the end of the world or something. You might want to keep holding that for different reasons in the first place as well. If it is bitcoin then it is pretty valid to hold it for longer than normal periods - maybe for 5-6 years or more. I am sure if someone has been holding bitcoin for years now they have a good profit at this five-digit price range.

But yes many people think that losing the pump means a long shot loss, thus they wrongly sell at the low and try to get out - this is either fueled by the false-faithful mindset of the trader to bitcoin or because they never had any faith at all in its price rise.

You will get a number of offers here in Personal Message and in Telegram if you are the group owner. Be careful because majority of these are scammers attempting to rip you off.

Coming back to topic, 0.5BTC is a decent but not great listing fee and should cover majority of the less to somwhat known exchanges if you wish to get the coin listed there. For the top level exchanges like Binance you might need exuberant fees, which was previously criticised by public but never proven.

In any case, you have to take the first step in looking where to get it listed. I suggest going to the DEXs and somewhat known CEXs first. You should  take a poll on your project's social media channels and ignore the BinanceFanBois there. That way you community cannot accuse you of listing on poor exchanges because you would be following what they recommended.

Then why are you coming here anyway?

If there are such generous communities out there go find them, this forum is known to be unapologetic to anyone asking for a non-collateral loan because we all know they are scams when requested by a person with zero trading history. Even users with repaid loan asking for new loans end up becoming ghosted which seems very strange and frustrating to the lender.

Dont come to a joint before learning their rules. Otherwise you will get a bashing like this.

Yes this is a problem which every newbie is going to face if they are coming to this forum only to get paid with bounty shitcoins and giving no importance of how this forum's ranking system works. Eventually you will be yearning to rank up because of the bounties and will end up in this frustrated cage in no time.

However this is no quick fix to your problem. You have to visit the different sections of the forum, read the topics and see if you can give your insight in the threads. If your posts are substantial some merit source might be kind enough to grant you some merits.

I would have loved it if there was no specific sub-forums for this, but point is that some subs are more engaged with merits sources are therefore chances of getting a merit is higher there, at the cost of the fact that majority of the threads there are going to be a tangent to your head.

I will not tell you which sub forums are these. That is your job to find out.

Well as long as you remain a bounty spammer you wont be getting any.

Worse is that the project might already have a mainstream counterpart, which is never going to be beaten by the cryptocurrency funded new entrant. This is just not possible because of the economic division of fiat and crypto. Crypto-projects will remain a niche group and followed only by crypto users. This might change in future but whether such projects can be able to compete is a different question. Thus the more number of different teams working to a same goal-based project, the lesser the chance of any of them being successful because they end up all being failures/bankrupt.

Therefor the reason that all altcoins are going to be a loss, so dump them when you have the chance.

Nope, markets are never saturated. It is the people desire to trade that can get saturated due to a stagnant market.

It is a gimmick to scam some one who needs a bigger telegram channel - either for genuine reasons or for a marketing purpose.

This is based on the false reasoning that the bigger the channel/group member numbers are more legitimate that project is. Thus there rose a number of shady users who claimed to get in thousands of new members to the group at a cost.

These are mainly bots and fake accounts and do not increase the legitimacy of any project whatsoever, rather is counter-productive in the eyes of the serious investors.

In short, if you want genuine followers in your channel/group, allow it to grow organically over time. Depending on what the group/channel is about, you have to be innovative in making them come to your channel which is the tough thing to do.

I dont think we should divide the altcoins like that. Both FA and TA are important but what I have felt to be most important is that if you are going for a long term hold and sell your entry and exit points are, thus FA is what is needed. If you are day trading you need a lot more of TA and it is risky.

There are inorganic pumps done by groups of cryptocurrency shills in a coordinated manner. You cannot explain or predict when this is going to happen unless you are one of them. The point is that doing TA on such a coin you will make a wrong prediction.

Rather if you hold such a coin already, dump it when this happens.

As real as any green dollar. Physical existence might be directly shown by anything but it exists and belongs to you of certain denomination as long you control ther private keys to spend those coins.

We have a whole German forum which is very active. You might get a better argument there to refute the same.

No. Bitcoin is used by anyone possessing it but it is not controlled by a central organization. The point behind this is that decentralization prevents censorship of the asset and thus manipulation of the same. There is a fixed amount of bitcoin which will be minted in total and nobody can change that to keep the deflationary nature intact.

Flag supported, I hope some more DT members will support the flag and make it active. Of course this post bring up this thread and to the view so that if someone missed it already they will not miss it again.

This year string of projects seem to following this same naming pattern. I wonder if there is something suspicious to the name. Is there a legitimate project of the name yearn? In any case it is a copy pasted whitepaper and thus a scam. But a newbie coming to this site will never suspect this and thus will be able to scam some people of their money.

Did you make the withdrawal on 12th which was a Saturday? FJ in understaffed on weekends and the withdrawals get processed a bit late, would be better to wait till Monday is this was the case.

OP, few things you can do in the mean time:

1. Ask their representative account which is active on this forum - FortuneJack
2. You can explain your situation with proper screenshots in their official thread where all updates and news are posted - FORTUNEJACK.COM |Deposit 777 play with 1777 mBTC |Live Casino, Slots, Betting
3. Like I said, you can wait till Monday and if stil nothing happens post the screenshots of your winning and withdrawal request images here. It might take some time but FJ has been known to credit all legitimate winning properly in the past.

Pretty oppotunistic of yours to make this comment after the market dipped though slowly over the time almost a month.

Transacting bitcoin is often not an option in many countries where the governments have put a grey zone on it, somewhat semi-legal status and thus many have to keep storing their coins till they get a P2P deal done. These are often risky but the only way to cash out your bitcoins, so you need someone trusted from your community.

Credit card payments are available though at the big fee. There are some service providers that allow such transactions but you are again at risk here.

Spending coins on online stores is still a very small market. You dont get daily necessities but just bitcoin-themed products on such markets which some people proudly promote - like bitcoin tee-shirts, mugs, caps. What use do these junk have anyway, I mean I would rather buy some stuff that I can use than buying clothes with bitcoin.

Your advice is strange. How can someone know that a coin is going to pump and dump if they never owned it and never checks its price charts? Of course if you own it already then you should sell at the big pump because it never might go up again and because 99% of the altcoin projects are bound to fail. But otherwise it would wrong to jump into it. You see a 400% price rise on some shitcoin that you never heard of, dont buy it hoping it will go up more, it is a inorganic pump.

But yes a long term holding of bitcoin is definitely like a fixed deposit in a bank as long as you can sell it in future.

DeFi is having its bubble now. I can say some people are going to make money from this bubble, just like any other bubble that happened previously but whether it will be profitable for everyone, I dont think so.

Just because it is new and being hyped does not mean you should be get FOMO into it, you might very well be losing your money. With many scams centering around DeFi now after Libra and after ICO, one must be careful to put money into new DeFi tokens.

How I do it is,

I keep a metamask wallet extension on my browser, send the tokens to that wallet with some ethereum for gas. There are of course other wallet options listed on their front page.

Now I open the uniswap page and load the token on the interface and select the output token/ethereum.
After this it is pretty self-explainatory, accept everything being shown on metamask and wait for the transaction to be sent. Check the wallet address on etherscan to confirm that exchange was done and thats it.

There might be some guides/youtube videos for this simple thing, so check them before you proceed. Be careful of phishing sites though.

It is not, please dont put that thought in your head.

A difference is asset class and you have not seen it already?

I dont think you have the idea of mobility of gold? It has a higher resell value than any other asset, fiat for example or other precious metals.

Mistaken here, bitcoin does have a lot of consequences that can follow depending upon the regulation. You have to "sell" it somewhere. That means an exchange and exchange means you have to undergo somewhat a KYC for being able to trade.

Is doing a KYC on an exchange not a headache and paperwork?

Beg to differ a lot here. These two are different asset classes. Gold has a higher value of being able to be sold and a store a value than bitcoin unless in future bitcoin becomes a legally acceptable and easily trade-able asset.

@qwertyup23

Please make a flag against the representative account who just posted above. These people cannot be allowed to roam free without a lease and thus a flag is necessary for marking them as a scammer/fraudstar.

The fact that they copy pasted a whitepaper can only mean one thing -  it is a scam and they are not to be trusted. Newbies will get fooled but at least some will get the warning from the flag.

Stop making that excuse. Every project getting caught like this is saying this lame line. Total lack of professionalism this would be.

More bullshit coming from a scammer.

Open source does not mean a copy pasted whitepaper. It means you do everything on your own and keep it open for other to "source" it from. Blatant copy pasting a document is not same as open sourcing someone else.