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High chances they are about to run away with the coins and is already preparing for an exit scam. Coinmarketcap already shows warning about users report of withdrawals being withheld. High chances they won't be getting back anything.
Sad people use this kind of shitty exchange even though there are better and well known exchanges out there.
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There is not much of a choice but to wait if it is bitcoin we are talking about. But there is other options when it comes to altcoins. One good example is Ethereum. Already made some profit with this good coin. From like $80 then now at $130 - $150. I say that is already a wow. $50-70 difference is a big amount if you have lots of Ethereum in your wallet. Almost like a giveaway when it stayed at $80-90. It is like already telling you to buy him.  Its not a "give-away". You invested on it. You were holding. The price went up and you made profit from it. The price could have gone down and you could have made some loss. In other words, you took a risk and you got the result. So don't think of it as a "give-away". And other alt coins are much riskier to invest on. Some are just being manipulated to be dumped later. Others are just crap. |
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Ok lets say that there are many who are getting interested in Bitcoin. The question is will they get inside the boat and try to invest into it?? We know that investing in cryptocurrency is more risky compare to investing in stocks. The recent drop of Bitcoin gives a chance for the investors to invest into Bitcoin but as of now, sellers are controlling the market compare to buyers.
So you typed in wrong. It should be "Ok lets say there are many who are interested in making money and getting rich overnight". If they are not buying bitcoin because of risks, then they are actually not interested on the technology, rather interested on the profit. Once they make those profit, they will convert back to fiat. So we actually don't need them right now. |
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Hi all! I and many of us here earned a lot coins form bounty campaigns. And I have real dilemma: How to recognize a good time to sell a coin? How to avoid loosing everything by holding coins that will die, but also how to choose coins that are good to hold because they can give us 10x,100x. Thank you for your comments  . If the coin has potential, then hold it. If the coin is some shit coin, sell it as soon as it hits the exchange. If the coin is actually good, and you wish to hold it. Then keep holding it. You might see the price fall, but that might be temporary due to users who got those coins through airdrop/bounty might wish to sell it as soon as possible. Finally, don't be hoping for the coin to go 100x instantly. Is not actually a good sign. |
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Here is the issue.
Some months ago blockchain.com makes a giveaway. $125,000,000 dollars in stellar. The idea was $25 for each user. But when you try to claim the money they ask you to verify your identity. So, in the end, it wasn't a giveaway at all, they pay their users to verify their identity. And I think it was a nasty move.
By the way, I don't think they will really giveaway $125M and I don't think they have 5 Million users.
We can just avoid the verification and still using their service, but why they want identity verification from their users? only they know the answer. I keep using their service but I begin to doubt if we can trust them. What do you think?
Can't trust them with huge amount. Can't actually trust any web wallet with huge amount. They are always prone to hacks no matter how much they emphasize on being "extremely secure". They probably had some terms and conditions about the give away you didn't read. High chances of taking this move is to avoid users claiming multiple times with different wallet accounts. |
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I find that many people have a habit of holding ETH, BTC, altcoin for a long time and always hoping that it will rise again. If you are a trader, you will lose money for that. Set small target and sell them when you see profits. I only need 3-5% profit when trading.
If you see the market going down, stop loss before it's too late. You may lose 5-10% of the capital but when the market goes down you can buy more btc, eth when you hold btc, eth, altcoin.
Sell all ETH, BTC into Stable Coin when the market goes down
Yeah, you can cut your losses this way, but do you really think that it is this easy to execute this strategy? What if instead of the price falling down after you sell, the price started to rise? You will be making loss anyways. And when will be the right time to buy it back? The price might once again start falling after you buy back. |
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-snip-
I am not saying you should not ask for people's opinion, but that there are some things you should decide on your own, based on your observation or research.
You "can" take peoples opinion, but you must not follow them blindly. Remember, most people will tend to be biased. They will suggest you to do things/invest on coins that they have invested on or are on their interest. They might do things that might not be right, but will suggest you to do it anyway since they already did it. The best thing to do is follow your own intuition. Do your own research and go along the flow which you think is right. |
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When people see the price rising slightly, the start screaming "the bull run has started, everyone start jumping in". When they see the price go back to its previous position, the start screaming "the dip has begun, everyone abort the ship!". Sadly, they do not know what they are actually saying. All those dip and rise prediction given by them is actually bogus.
Market is unpredictable. Nothing to be surprised about the price fall of ETH.
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None. Don't use it as a long term asset storage, if you are not willing to take the risks. The prices of crypto currencies are extremely volatile and fluctuates a lot. If you are not willing to take any risk, then don't use it to store your money. Rather stick to those traditional ways, gold and silver.
And don't treat crypto currencies as store of value. Treat it as a currency that can be used for daily transactions.
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Bounty work is the best way to earn the money in the form of altcoin from the bounty campaign and many people have earn many valuable coins from campaigns. Signature is the first and best way to earn high reward bounty work. because only few person so the signature campaign and quantity of coins also get more than the other bounty campaigns.
First of all, this forum isn't a place to earn money! This is forum is mainly for joining in discussions, gaining and sharing knowledge with each other. The forum is made for helping to develop crypto currencies and contribute to the community in various ways. Unfortunately people are considering this as a platform for earning money and thus ends up spamming the forum. Secondly, trust me, this is not the best place to earn "money". You are better off doing something else. |
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Just join now because today is 2019. This year is the most time to get in cryptocurrency why? Because most of the investor now are positive and the market increasing again and if there new year there is new investor will come to invest their money to cryptocurrency.
Positive? Positive in what way? Weren't they always positive? Look around every where. Always the positive vibe as usual. Funny thing is, they were so positive about it that they started to predict some bull shit price. Did we even get to hit the $100,000 price? Or the $250,000 range? Nope. All this bullshitting positivism won't help. People need to be realistic over here. |
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Not sure what you are talking about. I guess its about quitting gambling. To be honest, its easier to write "How to quit gambling" then to do actually do it. You can't just "WANT" to quit and stop forever. There is a reason why it is addiction, you don't want to do it but you still do it.
You just can't go cold turkey when trying to quit. You will need some help. Better to take help from someone else regarding this matter.
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Coins should always be considered in a safe storage, there are lot of wallets and platform that could be used to hold coins, both of this has good side and bad. Where will you choose to store or hold your coins, in a close source wallet (exchanges) or an open source wallet?
NEVER store your coins on exchanges for holding/long term storage. There is no guarantee about what is going to happen to your coins. No matter how much they insist that they are extremely safe, it is never a wise thing to store on an exchange wallet. They are always prone to hacks and can run away with your coins whenever they want. Remember, if only you do not own the private keys to your wallet, you do not own the coins! |
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First thing that pops in my mind is binance exchange like others suggested. They good good number of well known coins. They also have a nice average trade volume everyday. You can use your account without verification.(Up to 2 BTC per day as far as i remember, might be wrong. So recheck). You will need to verify if you are a heavy trader though to remove restrictions.
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But the hype is dying down now for the industry
Which hype are you talking about? If you mean the "bitcoin" craze thing, then yeah good it is going down. We don't want to price to be inflated just because of some stupid "hype". Those hype only does harm, as people does not know what they are doing or why but just jumps into the hype train. We are better off without those people. |
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I was thinking this morning and trying to used my trading experienced in analyzing my past performance in trading but I came to conclusions that most times that I lose, my predictions of market directions is right just that something unexpected happened along the way.
Because of this unexpected reactions in market cycles that is why we should learn on how to manage risk. Since there are many indicators and we can not used all of them at the same time I believe that there is no way we would be successful in trading except we learned how to manage risk and reduce our risk as minimum as possible.
2019, is here, are we going to continue in losing trade? I have decided to love my capital more than profits this year and I am not going to take much risky trade this year.
I think you are confusing yourself between trading and investing for a long term. If you trade and make losses, then it is clear that you are actually doing something wrong or made some bad calls. If you are doing short term trading, then you can easily cut out your losses. You have full control over your investment during trading and can control your losses to full extent. On other hand, if you are making loss in your long term investment due to sudden change in market, then it is not completely your fault since you would have no control over it. |
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That is so true. There is indeed no magic in trading. But then there is probably what we call luck- good and bad. Sometimes there is a strong pump that happens that seem to be coming out of nowhere. Perhaps a huge investor suddenly becomes interested to acquire a bulk of the coin. Sometimes also things would go so bad just when you expect them to be really great. Having said that, crypto is still highly unpredictable. But of course, it is always best to have some informed analysis and strategies and great skills .
You can't say that trading depends completely on luck. Well it does, but the amount is negligible. If it actually depends on luck, there there is no difference between playing poker (gambling) and trading. Both requires skills and luck. If you know what you are doing, then there are chances that you will know whats going to happen to the market in the short run. A pump or a dump is easily understood by those who understands the market well. |
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This is what it seems like. For the last few months we have seen the price being on the $6,000 range and was some what stable during that time. It was able to break the barrier/wall for a long time, and eventually crashed down to this $3,000 level. Looks like this is going to be the current range for now. If we are able to break this $4,000 wall, we might rise more. The opposite might happen too!
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In fact, not as long as you might think. You can become a professional in the bounty in just a few months if you give it at least 8 hours a day. In crypto trading, everything is much more complicated and takes more time.
What the hell does being professional at bounty means? You just join it, follow the rules and do your tasks, that is it. And are you trying to compare crypto trading with bounty programs? Those are two different things. Trading takes more time but it actually gives your profit and worth the time spend. On other hand, there are high chance of getting scammed in a bounty and your time going to waste. |
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I think some exchanges have already charged the cost of buying and selling coins and I think that fee includes the tax paid for the development of the exchange, but for taxation the ownership of the cryptocurrency assets that you have does not have to exist.
Do you even know what capital gains tax is? The fee those exchanges take are for developing their exchange, their profit and paying their "own" tax (not yours!) if applicable. You will still need to file your own tax if you hold crypto currencies and make profit from it. The rules are bit confusing, but as far as i know, you will have to pay tax on your capital gains, at least where I am living. |
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