i actually don't think it is a scam or they wouldn't have replied saying that they were in legal trouble they would have just cut and run without saying anything. The person behind cfd has a completely validated account on bittrex which means he has provided full i.d and been fully verified. All his eth is still sitting in there as we speak. So if it were a scam wouldn't he have cashed out already and been gone before making this announcement. People often jump too fast on the scam accusations. I have $600 i spent on cfd, and i will leave it there for a while to see what happens with this. If it is a scam than it is traceable through bittrex anyways.
I can see why you think this is not a scam, I would also be wishful thinking if I had my money inside it. This was definitely a scam, but they tried to look like it wasn't be not touching the vested tokens. They had friends buying their tokens (apparently there was a guy who wasn't owner or anything who had 25% of all tokens, there is a screenshot of him participating in ICO with tens of accounts and sending them to one address after receiving the tokens) and then at it's peak they started to sell the tokens with the inside info they got from founders (you can see the graph of massive sell off the day before. The notice about legal issue in the end is just to make this look legit and non scammy, but it wasn't successful. They imagined a scenario where they would earn milions of dollars by scamming, showing it as an accident and leave peacefully for the rest of their life - not gonna work buddy, the police is after you.
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It's a ponzi but a quality one since it held up this far.
But you should not even consider going in now, it's too late. People who got in early will start dumping, and once they do that the whole thing is gonna go down and you will end up bagholding.
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People should understand that unless they actually bought a report and have already stacked up, they will end up bagholding for someone.
Be careful with this, you might get burned if you get caught up in FOMO and everyone dumps on you.
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Those small purchases are automated purchases made by bots.
They are mostly meant to drive the price up, by giving illusion there are many buy orders (when you look to the right everything is in green, but those are actually irrelevant quantities). On a positive side, because there are bots on both sell and buy side, they tend reduce the spread gap between ask and bid, so they help with the liquidity.
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Was there even a need for researching this, seems pretty obvious?
Everything that has "connect" in its name is a scam, can't wait to see how fast Bitconnect is gonna crash once people start cashing out.
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You should do your own research before investing any amount of money, even $100.
I've just taken a quick look at this ICO you invested into, and I'm pretty sure you can forget about those hundred dollars. Their site looks like it was made by me during the informatics class in 4th grade of elementary school, their whitepaper is full of logical and gramatical mistakes, and they are not even close to sticking to their timeline.
I wish you good luck with this, do a more thorough research if you choose to participate in some other upcoming ICOs.
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ICO mania as we know it is done, but there are still a few ICO's that have a normal market cap, great idea and a good team and are worth investing in.
You can be sure that $30m+ ICO's will trade under the ICO price, especially in current crypto situation, but there are also ICO's like Confido which is trading at 14x two weeks after ICO (it was trading at 26x at one point), just because their hard cap was small.
So yeah, DYOR, but there are still ICOs to invest in and there is still profit to be made.
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Guys, I have a stupid question... When and where, precisely, can we know what is the Palm Beach Confidential ?
Do we have to pay for this ? Thank you
Just google it. It's a research published by Palm Beach group in which they give their picks on some coins they think have the best future. Their subscribers (you can join for $3.000 a year) get this info before everyone else, buy alot of this coin, leak the report and then dumps them on everyone else once the prises are high. Basically a PnD, I strongly suggest you stay away from buying the recommended coin (unless you have an early info because you are subscribed or you happen to hold this coin at the moment of research leak).
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You got these coins from a random airdrop - the team decides to distribute a part of the tokens by airdropping them to random ETH addresses.
Needles to say that in most cases these tokens are worthless, and they will most likely never be listed on an exchange where you can sell them.
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Sell it as soon as you get it, trust me.
This is what I heared many times when Bitcoin Cash was supposed to be distrubited. But those who didn't sell them and were patient sold their coins at 2000 dollar. You can't really compare Bitcoin Cash, which was first ever Bitcoin fork, and was massively accepted by the community and miners, and Bitcoin Gold which was forked by 5 friends who wanted to get rich by dumping the premined coins on you.
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Before investing into anything, I strongly suggest you read some books about trading.
What most people don't realize is that it is not the price of the coin that matters, but its market cap and the number of the tokens.
For example, you have Ripple with a price per token of just $0.23, but the market cap is huge ($9bln because there are almost 39bln of them floating).
Therefore, it's much more likely that NEO will tripple next year, than Ripple going 50% up.
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I am glad people are starting to ignore these worthless forks where the devs are trying to print the money out of thin air.
All of these forks (Gold, Platinum, Silver, Diamond, Bronze etc.) are only created so the devs who premined them get rich, and others will be the ones bagholding them.
These non sense forks are why many people are loosing faith in BTC, and as soon as people start ignoring them, it's better for the whole crypto world.
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It's really hard to say how much you can earn monthly from airdrop, because nowadays most of airdropped token are bad and are most of them are never going to get listed, so you will have a wallet with bunch of worthless tokens inside.
I believe you might be able to sell 1/10 airdrops you participate in, and you can make on average $5-10 on those. So, if you really put some time into this, you might catch 1-2 per month on average, so my educated guess would be $10-20 per month.
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It really depends how risk averse you are and what are your goals.
Stock trading is much more regulated, and stock actually have fundamentals to back them up, so it's much more accepted than crypto. But the returns on stocks are non even remotely comparable to the ones in crypto (you're lucky to have 10% on stock trading PER YEAR in my country).
On the other hand, crypto is a pure speculation and it's extremely volatile (only in crypto you'll see 100% change in 24 hours), therefore much more riskier, but also much more potential for profit.
It's up to you how you want to invest your money (a combination of these two works for me).
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Don't buy B2X features, unless you wanna bag hold for someone.
Seriously, what is the point of buying it right now when you know the fork canceled? You would risk your money buying that feature for the coin that might never even get created?
Just invest into something else, there are so many undervalued alts right now.
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If you think it actually has a future, just put it in your wallet and forget about it, you might be surprised one day. There are people who earned thousands on quality airdrops (not really the case nowadays).
If you don't think it's a good project, and you can sell them for $10+ right now, I would do so.
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Sell it as soon as you get it, trust me.
There's absolutely no fundamentals or anything that would justify the price of this coin. They premined this, earned themselves millions of dollars and you are going to end bagholding worthless token.
What do you think the price of something everyone got for free is going to be? It might have worked for first fork, but when you have 3 forks happening within 30 days, you know something is wrong. I don't see this trading over $50 in few months.
Just my opinion, others might disagree.
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Buy when everyone is bearish and all the markets are down (pretty much now); sell when everyone around you start mentioning moon and Lambo.
Do your own research before investing into anything, don't get caught up in FOMO, educate yourself about technical analysis and psychology behind trading (read some books on stock trading).
The more time and will you invest in this, the more successfull you will be.
Good luck!
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I believe LINK is a good choice now, bought a lot of it today.
It's trading at around 70% under from pre-fork time, and as one of the most perspective projects this year, it has to go up at some point.
One important announcement from the team and it's easy 30-40% upwards.
Still, DYOR.
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Some of them are dead for sure, some will recover.
But I agree, we have never seen such a long correction and bearish atmosphere. I'm pretty conviced all these non sense forks where they print money out of thin air made people loose faith in cryptocurrencies.
Hope the market wakes up again (August was awesome).
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