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Ethereum has been showing sign of recovery in recent days although the pullback was massive which send FUD and panic across the hodlers, be as it may bull runs is imminent and obviously this is the appropriate time to start accumulating although the tendency of it price reaching $800 might not be feasible this year.
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When I visit the CMC site today I saw that there is a coin name called AurumCoin (AU) has huge price growth and its almost the second expensive coin of the crypto next to bitcoin I think so Why this much growth on a shit coin?Anyone noticed this? But it looks like not enough volume to trade that coin on any exchange?  Maybe the whales has pump in and surely a trap is set up for the gullible ones to buy at the latest price and hoping to see more pump just like xrp in 2017, obviously by the time the whales dump the coin (au) the price will fall below it original price, this is not a popular coin per say I was just wondering how it attained such a massive price within 24 hours. |
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Cryptocurrencies markets had been red so far and had struggled this year which had been allegedly attributed to the manipulation by the whales, last year was really massive for crypto world hopefully the market turns green before the end of the year.
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the first thing that is done is to throw or no bonus in the sale, the bonus is the problem that causes the dump. if our product is good then it is sure that the price will reach even more than ico.
I agreed with your point by removing all forms of bonuses to investors is one of the ways to curb dumpings which had been abetting and encouraging investors not to believe in the project but solely for profits making thus undermining the purpose of hodling for a longer time and sustaining the coin. |
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From technical analysis point of view I think the coast is getting clear for a bullish runs as far as price of bitcoin is concerned once ETF is approved and other fundamentals as speculated in Q4 the volatility and momemtum will increase in sharp contrast with the way price had struggled since the beginning of the year.
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My father is anxious pertaining to the fall and rise in bitcoin price. He has four(4) btc and he is afraid to hodl. He wants to sell at a lower rate. Any advice for him?
Calmly advice him (dad) to take a cue from early hodlers of bitcoin who had made a good fortunes or profits through hodling, obviously bitcoin has a brighter prospect although market has not been favourable since the beginning of the year, however as we enters Q4 of the year the price might be bullish. |
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There isn't any price manipulation presently as far as the price of bitcoin is concerned, I believed it is the action of market forces vis-à-vis demand and supply whenever whales enters the market massive bullish or bearish movement is often noticed and observed hence nobody can accurately predict when the whales will pump and dump obviously this is one most difficult aspect of trading bitcoin.
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The resourcefulness and potentials in blockchain technology has not been fully utilized of course this technology is the brain behind most Cryptos eg bitcoin this had motivated me to keep hodling as more industries, companies etc adopt btc there is the tendency that the price will increase and hodlers will not regret their actions.
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Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
The numbers of Cryptos users eg traders, gamblers etc are growing rapidly and definitely this calls for more and new exchanges to accommodate the new users however credibility and reputation of the new exchanges whose securities features must be state of art and established under a law in that country to avoid scam. |
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Having read the article from my understanding Anthony Pompliano, founder and partner, Morgan Creek Digital Assets was still bullish on bitcoin based on his overall price analysis well I am not bordered about his predicted price of $3000 of course I am used to such and this cannot send any FUD to me and other firm hodlers of btc although panic selling will become order of the day for newbies. |
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Money is what the society accepts to be money. Human history has seen so many transformations when it comes to the subject of money.From barter trade to fiat money and now digital currency. But some nations are so rigid to change.well they will all regret soon because no country can stop cryptocurrency.
Take it or leave it those countries who had been taking a rigid stand on digital currencies will have no other options than to fully comply and adopt it, change is inevitable, digital currencies has come to stay and has transform the global financial system hence every nations has to key into the technology behind it or regret later as you rightly postulated. |
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From various sources, MyEtherWallet (MEW) are not under development and maintenance any more. Even its founders has confirmed that they are switching to develop a new platform called mycrypto and encourage everybody to move there property to there.
But IMO, MEW or mycrypto is just a gateway to access your real wallet in the blockchain, so, both of them are still fine event MEW is not maintained anymore, right?
I had been using MEW for quite a long time and I am not having any issues with it despite the frequent complains that MEW is prone to hacking, I am well familiar with its interface that is why I am not bordered with mycrypto, I had also tried using metamask I had to abandoned it due to its complexity. |
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Having a hardware wallet in this situation would make it quite simple seeing as there's just a pin code required to access it, and one doesn't necessarily need to let anyone know of the fact that one has a hardware wallet, but, maybe leave a text in the will or a letter somewhere informing of the pin code?
You have indeed raised a valid point here, its better to hodl all your Cryptos assets in a hardware with a simple and straight forward password concealed and kept in a will or even in file kept in a secure place, this will prevent the cumbersome means of assessing some online wallets like mew, block chain, coinbase etc. which might be difficult to access by a newbie in cryptosystem. |
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The past year has seen the rise of Bitcoin and other cryptocurrencies. The increase as witnessed in the cryptoworld attracts many investors, ranging from those who understand the ideology of Bitcion and newbies whose idea was to get rich quick from investing into Bitcion world. The growth in cryptomarket also leads to increase in cybercriminals. The rate at which hackers were attacking exchanges are on the increase.
I just need your suggestion on how to curb menace of hackers in order to build investors confidence in this cryptoworld to optimum level.
Every internet related systems are prone to hacking not only cryptoworld its on record that some banking system too had been hacked by hackers other e-currencies too like PayPal,skrill etc had been subjected to hacking even forex accounts too had been hacked however the bottom line is ensuring that our account is well secured by deploying every available tools. |
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Its a lot easier and better to hodl than to buy at a lower price and sell at a higher price(trading). There are instances when you try to buy at a lower price while the price keeps on dropping this might invariably might leads to massive loss however as a trader this method of trading requires some expertise else the whole account will be blown out
However hodling does not requires as form of expertise but its not as profitable as trading.
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Cryptos world is just evolving we are bound to have interesting new projects invariably new ICOs will pop up with advertisements and promotions this brings new opportunities for bounty hunters and the cycle continues because Cryptos are the latest bubbles in cryptocurrencies globally.
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I have a firm believe in cryptocurrencies and bounties I choose the good ones having subjected them to reviews and verification via every available tools and means like reading whitepapers, teams, reviews, how relevant is the project and bounty manager's reputation etc having scale through all these verifications I will have an edge in choosing a good project.
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'Bitcoin is a scam, fraud and used by drug cartels' these are your friends personal opinions because they are shallow minded about bitcoin and too lazy to make instant and thorough research about it before reaching a negative conclusion about btc. Personally I do seek information about any new terms or terminology I came upon so as to have an instant info on it.
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The CEO has not come to term with reality, his disparaging and derogatory comments about bitcoin is just a way of discouraging people, personally I think bitcoin has made online payment easier as a digital currency without any hassle of useless and cumbersome KYC by the so called PayPal and other payment processors I can use bitcoin as a store of value.
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Decentralized features of Cryptos posses a difficult challenge to those countries who felt that their monetary policies could be hampered by Cryptos adoptions especially local currency could be hard hit if Cryptos are fully adopted but I wonder how those countries that fully adopted Cryptos have manage their economies successfully.
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