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Although BTC does have a good potential I dont think the price would rise as much as mentioned in the article.
It's way too beyond Bitcoin's reach and might take years to be on that level. Bitcoin is a good cuurency though and it might stay the top most priced currency forever but the price mentioned is way too much. So it sounds that the article is fake and just creating a hype.
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For now,, as I have received my bitcoin equivalent from bitcoin cash fork last August from the exchange wallet that I’ve been using.. I’m a less worried about any fork that might come.. I have to spread the news as it feels more hassle free for me and a not risky at all.. I’m just waiting for any updates from them for this October 25th bitcoin Gold fork and November Segwit2.. It should be wiser to ask your service provider customer support for this kind of updates..
That is the thing I was going to do too but then there are no updates from any exchanges other than Yobit yet regarding the fork. The last time I had kept my coins on Bittrex since it was supporting the fork and I got my equivalent amount but there is no word from them too. So its quite difficult now to say what to do if the exchanges wouldn't be supporting it like the last time. Better to keep the coins with a private key aside to be on the safer side. |
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Is it okay to leave your coins in exchanges during the fork OR to transfer it on your wallet?
based on the title you created, the altcoin willn't affect anything when bitcoin fork. altcoin is not bitcoin, it is like you ask "if his car is being repaired what will happen to my car?" No, it's like he is asking if his car is getting repaired then what's gonna happen with my bike. There is no risk of keeping the altcoins on the exchange as long as the exchange is reputable and has a good support. BTC will be undergoing the fork and it might be risky if your BTC is on the exchange. Also, if the exchange is supporting the fork and taking the security measures then there would be no risk in keeping the BTC on the exchange as what happened on the last BTC fork. All my coins were on bittrex as I knew it is supporting the fork. Everything went smooth at that time but there is no word from their end this time either. |
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We really can't say the best among them because any answers to that is only going to be subjective and depending on individual encounter. Remember, one man's meat is another's poison. But we can point you to the good ones among them. I will list them but not in any preferable order:
Binance
Poloniex
Coinexchange
I have traded and made withdrawals on all three. So, they don't scam. At least, not yet.
A perfect proverb for a neat explanation. We can't really say which one is the best because one or the other would have faced a situation with any exchange but we can surely point out the better ones. Bittrex according to me wins the race in this situation. It has been the best for me as I never faced any issue with it. It seems complete to me in every aspect. A good interface, good market cap, good number of coins and overall a good market where we can trade our cryptos. |
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The major coins like BTC, ETH, LTC have more potential to rise than the minor ones. They have greater stability than others and that is the reason why people invest in them. If at all there is a decrease in their price people keep buying them and hence it's price increases again. But that is not the case with the minor coins because they don't have much stability and once dropped in value makes a panic in the market. So people panic sell them most of the times. Also, there are a few minor coins which makes heavy profits too but then there is equal amount of risk at the same time.
So most people prefer major coins over minor ones.
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Grouping them price wise may lead you into trouble. You could have grouped them by potential wise. For example
Grp I - BTC
Grp II- ETH, NEO
Grp III- OMG, LTC, Waves
Grp IV- BAT, ARK, ANT,DGB
It's just an example and is in no way relevant to any order of potential.
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The older posts/threads are getting deleted without being notified which is reducing the post count. What should we do ?
Should we make more posts in order to compensate the post count or you will start counting date wise ?
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That's really a huge amount of money that somebody has got there. You can try to exchange it for small amounts such as 0.5 btc but it will take you time to encash the whole amount. Nowadays many exchanges are undergoing KYC procedures and thus it might be difficult foe that somebody to exchange the amount. So the best way to do it would be spending it little by little. You could also try to diverse the amount to your friends and family and then try to withdraw it to their bank accounts respectively giving them some amount of money. "Somebody" should really be careful as he might be accused for this action.
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The simplest answer would be if the Exchange supports the coin then it won't be any problem to deposit the coins on it to receive the free coins.
Yes I did stored my coins on Bittrex while the August 1st fork happened and I did receive the BCH but at that time bittrex had already announced that it will be supporting the fork. But there has been no announcement made yet from Bittrex whereas Yobit has said that they will be supporting the fork.
Really a tough decision as what to do.
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If you are planning on to BUY BTC then you should probably drop the idea because BTC has increased way too much in a short span of time.
If you already have some BTC and if you want to invest in altcoins then you should try to hold it for a while until the price of BTC increases.
Then BUY altcoins when BTC starts crashing as Altcoins will be seeing a spike in price at that time. So you will get a profit in holding BTC and then you will get a profit while selling Altcoins.
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This is not the same as 2013. Bitcoin price has been stable since August and only going up which is different from 2013 when the price spiked directly at that November if I remember correctly from 10 to 1100 dollars. Anyway I think that the price may fall down and have a correction but we are all expecting it to go higher into end of 2017 and even more into the 2018 territory. Maybe it is even Amazon who may accept bitcoin this month which is giving a boost to the price but even without it we are going to have increase in price.
Although I agree to the fact that Bitcoin had been a stable currency for a few months now and the price might spike up more than ever but I disagree to your statement that Amazon may accept BTC this month. That my friend is a rumor which people had been spreading for a long time now. There has not been made any official statement through this company regarding BTC as a payment. |
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Jamie has really been a real creep who wanted to manipulate Bitcoin's price for his own benefit. The only thing he could achieve this through is by making statements and must say he has achieved his goal too because the people have been stupid too. But now his time is over and people have become smart. Whatever he says now won't really matter to the people and he won't be able to manipulate the BTC price either. I guess he knew this fact and that's why he said that he won't be uttering any word related to Bitcoin.
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Bitcoin is already in the state of being a well recognized currency. If it gets recognized in all the countries then one thing I could say for sure is a HUGE increase in price. Bitcoin might increase at a speed of $1000 per day which is not a big deal for BTC. Mass adoption of Bitcoin will take place and there will be huge BUY wall in the market. Since many number of people will join the market the chances of increase in transaction fee might also become high. BTC will be stronger than ever as there will be huge number of population supporting BTC.
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I don't know any people who are afraid of Bitcoin but I will surely give the reasons why people don't believe in BTC.
1. Bitcoin's volatility is too much for people to believe in.
2. Anonymity of Bitcoin makes people think it's risky to invest in it.
3. Fear of loss is another reason why people don't consider investing in it.
4. Terrorism - BTC is used for making payments foe illegal things and this is most obvious reason why people are afraid of it.
5. Some people think Bitcoin is a bubble and will explode taking others with it.
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It actually depends on how you react to the situation. An experienced person will know the right thing to do whereas panic people will make the wrong choices. BTC is increasing way too fast which is making the alts go down. Once the fork is done BTC will drop and Alts will most probably rise.
The best thing to do will be hold you alts if you already own them, buy more alts when it hits deep and hold the BTC you already have to obtain the free BTG. It is a very good opportunity in the crytpo community where money can be made from all aspects. It's just how you manage the situation.
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The only altcoin I am holding is Burst and I will keep holding no matter how low the price goes. Nothing hurts more than seeing your coin go down in market value. I was tempted to sell but I believe in the Proof of Capacity Consortium's ability to deliver some good for Burst that I have decided to buy more.
What about you, what altcoin are you loyally holding and why?
That's absolutely true man. It does feel bad when you see your coin go down but its crypto, if it goes down it means it will rise soon. I am currently holding DGB which is the most affected by the fork. You can see it has gone down to 170 satoshis which is like a blood bath for it. I bought it at 500 satoshis thinking it will rise soon but you see what has happened to it now. People are saying it will go lower than 100 satoshis and that's when i am thinking to buy it more. It does have a lot of potential and it can give a good return after the fork. |
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Altcoin are like Bitcoin because their concept is similar to Bitcoin though they might have different specifications. Now to address your concern. Altcoin is not dollar economy but individual coin economy. The reason many time altcoin is traded against bitcoin is simply because individual coin are not yet spread and saturated yet. And since bitcoin is, they benefit from success of bitcoin. When it come to issue of price you will find out that the price behaviour of individual coin are different. So no matter the price of bitcoin, you will buy each individual coin according to their value in the market and that should not affect your profit or loss regardless of bitcoin prices.
That's the right explanation to the question. Also, to add to your answer I would say that most of the exchanges prefer to trade on pairs with crypto to crypto which makes it easier for them to convert the currencies and maintain the charges. Since BTC is the king of cryptos, altcoins are traded with BTC pairs and then BTC is traded with USD. |
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There is a good chance for most of the altcoins to rise up after the fork has been done. Obviously Bitcoin's price will drop since traders will migrate their coins to altcoins which will make most of the altcoins to have a spike in the price. Ethereum, Ripple, OMG, NEO, LTC etc.. are some good coins which may see a good increase in price. Ethereum of all the coins will definitely see an increase in price since there is hype about ETH in the market.
ICOs may also have a good rise in their tokens.
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What happened to the spreadsheet why is it not auto updating the post count ?
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To be honest this forum is most important part of the information I get form the crytpo community. Bitcoin and Altcoin boards gives out so much information that there is no need to look after information on other places. But even then, the more knowledge you have, the better decisions you make. You can try out cointelegraph, coinmarket and similar websites to get updates about crypto currencies and trade accordingly.
After bitcointalk, cointelegraph is the best website that has been providing regular updates about the crypto community.
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