Binance is the most popular crypto exchange , they has a million user so the trading volume is very high. With high trading volume you will get low spread and best liquidity, so will be good for day trading and scalping.
Yeah, for most new investors at the moment who are looking into getting some pretty good coins or tokens to hold for the long term, I will say any reputable exchange with a lot of available tokens with potentials will be a good way to start and in this case, I will say Binance and bittrex for me are two good spots to start. For what it is worth, we can at least tell that these two exchanges have been able to do well over time and most especially for binance, even in the short period of its existence, it pretty much seem like it has not even started yet, with many upcoming development to roll up its sleeves. Yes, I agree. But if a new investor is looking to buy coins to hold them long-term, then it is important to transfer them out of the exchange to a more secure wallet. Main way how people get their coins stolen is through hacks on exchanges. So, don't hold the assets, you are not looking to trade, on an exchange. This is just an extra security risk which you never need to have. If you hold long-term, hold them in your wallet. |
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Wow, OP, great job! Wish there were more users like you - taking the time to educate others.
I think it is really important. There are lots of threats in the crypto-world and so many people getting scammed in spots that might be really obvious if they knew about these threats. I myself try to tell others about scams and schemes. Thanks again mate!
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I think it is a good time to buy right now, or maybe wait for a little as it seems it might go down even more. I bought a little after the last week's fall. Now, I think I will buy some more in the coming days. It scares me though if the price falls under $5k. What's going to happen then? Big FUD might kick in and drag the price down even more. Which obviously is something the whales are looking for and then buy big time. I'd say the perfect time to buy is nearing.
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I have never heard of any crypto radio stations out there, maybe one or two podcasts but that is about it. I mean cryptos are popular and all but I do not think that we are at that point right now where there is going to be stations which are just talking about cryptos all the time. It will happen but it is going to be in the future when there is more interest in cryptos
Actually there is one, check out the www.Crypto24Radio.com. They produce some good content imo and are live 24/7 with all crypto and blockchain stuff. |
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Some fall immediately after token starts trading is due to bounty hunters and other early investors taking profits. But these days the main cause is this long bear market correction. Once market becomes bullish, there will be more positive moves in the tokens.
Yes, would be fun to see what happens when the next bull-run comes. But that might take long time. |
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It is still good to buy bitcoin this quarter because bitcoin's market value is still at 6,000$ mark. But if you had bought it when it hits 5,000$ mark several times this year then that would be the best time.
i believe that 6k is not yet the real bottom because when i see several news online , most of them compose of bad news that claims bitcoin had decrease its market capital . other altcoins such as bitcoin cash , zcash , ripple , etc were also falling hard and will continue to go down ( said by a reputable source ) So i guess this is the best year for buying bitcoins and other cryptos because they will probably go down evenly up until we end this year but im pretty sure there will be a major recovery that will happen on the year 2019 . If bitcoin continues to fall until the end of the year, I think it won't recover in 2019. According to the chart, when bitcoin prices have fallen to the bottom, it will take several years to recover and hit a new record. No, no, man you haven’t seen the charming jumps of bitcoin. Since the first day of bitcoin it was under heavy attacks and it dumbed so many times. But see it is still at some five thousand dollars. Yeah, there are so many doubters now after the bear market. But guys, this has happened before and will happen again. Bitcoin has always outlived these "crashes" and has come back stronger than ever after each of them. So, I wouldn't be very pessimistic about the current market situation. Being in Bitcoin for long-term is the way to go anyway imo. |
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Just read this article, a nice piece about Bitcoin scams with an example - http://cryptofinance24.com/how-not-to-scam-people-p428-171.htmThe example story about one scam there is just hilarious. The scam is so bad, but people still fall for it  So, have you ever got scammed, or know some good stories to share with others to help them learn from others mistakes? The truth is that bitcoin are everywhere around us. The scam is really bad but because of greed, people still fall for it and they are not alert to it. Do you want to say that Bitcoin is a scam? I think Bitcoin is not a scam, rather than another tool that can and is used by scammers. |
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I think we should have more coins/tokens that are backed with somekind of asset, be it gold or something else. Cryptocurrency haters one of the main arguments is that crypto isn't backed by anything, Bitcoin isn't backed by anything etc etc. So, having crypto assets that are backed with something more than just a faith, would be a good option to build more trust around crypto?
Lets discuss guys!
1. Would it be good for crypto, if we had more coin/tokens that are backed with some assets like gold for example?
2. What other assets could we back crypto with, if we leave out gold or other precious metals?
I do not like that idea at all, the idea behind cryptocurrencies is to be decentralized, if a crypto is backed by something then you are going to need a centralized party to keep control of whatever asset you are using to back that crypto, and if you do that then that cryptocurrency is no different than fiat and if that is the case then why we would use that cryptocurrency in the first place. Yes, I agree with you. But this seems like a topic that has 2 schools of thoughts. One thinking is the same as we do, and another is that when backing crypto with something gives it more legitimacy. But I think it also removes the idea of crypto and adds some more decentralization and what happens when something damages the asset it is backed with? For example gold. The gold has to be stored somewhere physically. What happens if it gets stolen, etc? We could bring up so many examples here. |
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What caused this growth?
I have not seen such pumps for a log time: +320% just for 1 day and Total trading volume was increased from 200k$ to 1.3kk$!
Have no idea, but the graph looks sick - https://coinmarketcap.com/currencies/nasdacoin/ |
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Bob one looks cool, please pm me the price.
Might get it for my son for Christmas.
Perfect for a christmas gift for anyone  |
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Yeah, like after the 2013 crash.. it took years to recover. Hope this isn't the case this time though  |
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omg, everything red on coinmarketcap right now.. bitcoin down as well.. just barely over 6200 usd right now.
LOL, look right now. Bitcoin $5.6k  Almost everything down more than 10% last 24 hours. What is going on?  EDIT: But wait, that might be the perfect time to buy? When Bitcoin dipped below $200 people's reactions were the same. The end is here, cryptocurrency is dying, it's all red, but it was the best moment to buy. Such moments appear regularly. It's funny that later on when Bitcoin is gaining value people complain that they could have been rich. That Bitcoin was so cheap. This pattern is repeating every 2-3 years. You get a chance to buy Bitcoin at a discount so take it, don't let it pass you by. Agree with you, pixie85. It can be a good time to buy now when it is hitting its low point. |
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Probably look for a reputable exchange site with 2FA security features in order to secure your account and your funds you can use the Binance, Poloniex, Hitbtc, Kucoin, Bittrex, Coinbase (Limited coins only), Bitstamp (EU)
Well you can just search around the internet for the best exchange and conduct your own research or review about the exchange site, remember that there are some phishing website around the web so you better check the url of the exchange before transferring your funds to your account.
Yes 2FA security is important to have. I would look at exchanges that have this option. But, it won't help against exchange hacks anyways. |
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My vote goes to Chinese. Huge upside if you can speak it, huge market and potential. Can't go wrong with that one.
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I don't have many friends who are into crypto. Most of them have very little knowledge about it and believe crypto is something like a pyramid scheme or a Ponzi scheme.
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Right now, Bitcoin has been stable for more than 4 months which is pretty impressive.
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