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This situation calls for concern as it has become overtly discouraging for people transacting in bitcoin. It is now becoming the bane of Bitcoin and may likely drive away its fans if not corrected. Miners don't really care again. They just want to extort the people and this is really affecting micro transfers.
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Sometimes I wish this were 2016 and that I had gone into cryptocurrency before that year. I lag a bit having come into crypto awareness this year. Everything seems to be growing at a pace faster than I can imagine. Not even the forex trading market which is in trillions in marketcap has experienced this fast pace of 2017. Crypto has surpassed expectations.
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OP, perhaps you could need some painkillers to dull the ache you feel. What happened to you is the sad reality of the other side of business. I believe so many here have gone through this experience. Even more will come into it with Bitcoin by the time the $25k mark is hit before the end of 2017.
Early this year when I newly came into cryptocurrency, litecoin was barely $4. I knew it had potential and wanted to buy in. At least, get my self 100units. I couldn't buy because I didn't know how to go about it. Where is litecoin today? $400+! Barely 10months after... My head aches whenever I think of it.
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short answer: NO
long answer: NOOOOOOO
Faucets now are just a waste of time, you will not get enough dust to withdraw in a year, considering also the transaction fee involved.. forget about it, there is nothing to gain from faucets (besides the guy who's running it).
This captures it. It doesn't only happen with Bitcoin. All cryptos with increased value and price now don't give out much reward through faucets anymore. And this makes it all the more stressful claiming from faucets. It's a pure wadte of time and data. |
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OP, do you mean scam coins or bad coins? While it is a bit easy to identify a bad coin (coin with low marketcap and value, it isn't so with a scam coin. Advisablly, this task is self pursuit and left to you to do your research. Onecoin turned out to be some international Ponzi scheme from what I read. I'm sure there are a dozen other scams being run out there now. There's just no control over the ICO market so you have to be extra careful.
Yes, there is also Swisscoin (SIC). Dogecoin has also proved itself a shitcoin overtime. What about bitbase and the Yakov story? |
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If u can find more money it would be better because 100 dollar its not too much, because if your coin will have x5 profit u ll be regretful for that  btw for coins u can invest in Komodo and Ark The idea of a x5 or x10 profit should be overhauled because it is not always a guaranty. What if not? Do you know the story of those who bought dogecoin last year and still hold the worthless coins till now? Sometimes shit happens and expectations go the other way. Dogecoin. It's popular enough and has hype (thanks to its logo and name) that can help it grow Its capitalization is decent and it doesn't seem to be a scam. Oh, really? Dogecoin? I am all smiles on this, ironically anyway.
I already have BTC, Eth, ltc, Waves, Ripple and Neo. I wanna invest another $100 in a new Altcoin. Which one you recommend?
Lisk and Walton are a good buy. It's just that your $100 can barely buy you 10units. You may also want to consider Waves. These are going to be coins for 2018 and performing same way litecoin and ethereum are now. |
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I want to buy one more altcoin, I already got BTC, ETH and Ripple. I hesitate between NEO and NEM. Which one do you guys prefer for a long term investment?
No Litecoin? Now really isn't the right time to buy litecoin. Anyone doing so may be catching a falling knife. The price has magically surged within a few days and this calls for concern. I want to buy one more altcoin, I already got BTC, ETH and Ripple. I hesitate between NEO and NEM. Which one do you guys prefer for a long term investment?
I cant say for sure whether NEM is a good buy or not. My NEM wallet keeps crashing and have lost funds stored up there. I am not even able to local the private key. Does anyone know where it is stored on the wallet? It's a wallet from Google playstore for Android phones. |
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Cryptocurrency is not life. It is just a rave of the moment. Anyone who would bet their life on a thing as infinitesimal as a coin doesn't know what his worth is. No coin is worth more than a coin. Even Satoshi could not have prophesied what Bitcoin has come to be.
What about dogecoin and its value as against what it was worth last year? Does anyone still remember how Bytebal used to be on the trail of the Bitcoin before the advent of BCH? Where is Bytebal now? No coin of a truth is worth a stake.
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I just came over from the 'Investor Games' subforum (hope I got that right). A guy there said he came across a site asking to double his bitcoin, he paid in $20 and got $40 the following day or so. He then went for a higher plan of $300 hoping to cash out $600 but they asked him to pay in another $300 before cashing out. He got confused and was asking for advice.
I think I've been there before. Before I became a forum member. I once came across one of those scam sites promising to generate bitcoins. Thought it was real, but when they asked me to pay some transaction fee, I was stuck. I had no money to pay the fee. With the benefit of hindsight, I know I'd have sent them the 'transaction fee' had I had the coins to send them.
Now, what have been your experience with internet scams?
How do we help people not to get scammed?
I am sure over 80% of members here would've had such an experience. It's a noob baptism. I was scammed twice by such sites before I realized my stupidity. I think it was a bitcoindoubler or something as they were called. I sent in 0.001 and got it doubled first time after 100hours. It was their term. Then I sent 0.005, expecting 0.01 after 100hours. It didn't come through after four days. I sent in another 0.001 and that was it. All that happened in March this year as a Jr Member or so. Never again! |
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For me, this is a decision that should earn a sound applause. This is what China should have done rather than an outright ban. Honestly, there is a lot of confusion in the crypto space. New coins keep springing up on daily basis and getting added to the numerous already existing ones. You can't keep count. Regulation is highly needed to save the public from shit and scam coins.
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There is never a time such as late in the actual sense in business. No, you are not late to the party. There is a local saying in my dialect which I will loosely translate, "Whenever a man wakes up is his morning." So, whenever you meet a business venture is the right time. But just be careful of your entry price so you do not catch a falling knife. I guess you know what I mean.
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I personally would say its a combination of several things happening and not only about popularity because bitcoin is already popular with lots of people knowing about it already but they choose not to act or the percentage that act in my opinion, is not enough to command the increase in price that is being witnessed. In addition to that, a lot of current players are putting in more money in areas of workable ICO projects and the forks that is happening every month.
You really don't think it's because of the awareness and popularity Bitcoin has garnered that keeps the demand and price up? Come on dude. That is the major reason price is up. Can you compare the level of awareness now about Bitcoin and what it used to be even a year ago and the price difference? Personally, I became aware of Bitcoin around this time last year. Price was barely $900 and it was a good price then considering what it price was at its inception. 2018 is just around the corner and I expect Bitcoin to bypass $30k. Demand is increasing daily. |
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the more people start buying bitcoin the higher the price will go and that means i am not going to be able to buy as much bitcoin as i want to have before the real exploding rise happens.
so i usually not-encourage people to invest in bitcoin. and i mostly warn them that it is very risky and they should not invest. ... more for me.
You have merely displayed a selfish altitude with this comment of yours. It's people like you who spread FUD around Bitcoin and the crypto market. You don't want others enjoy that which you know or have access to. You should realize that someone actually unveiled Bitcoin to you and nothing should also stop you from passing that knowledge and awareness across to others. |
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This earth is full of both good and evil humans. It is really shameful that anyone could condescend to that level because of some filthy lucre. But then we have these unscrupulous humans littered here and there. It is for that same reason I am skeptical about the authenticity of reviews on ICOs from this site: https://icorating.com |
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Whether anyone agrees or not, cryptocurrency has come to stay. It's a growing concern that already has market cap that runs into billions of dollars. Who knows it may overtake the Forex Trading market by 2018 or 2019. We haven't seen anything yet in terms of the crypto potentials.
By this time last year we didn't believe cryptocurrency could blow this speedily. But here we are with most of the coins getting to ATH within months and putting nice profits on the table. I do not panic. I hodl Ehen I have to and sell off when I need cash and then wait a oull back to get in again.
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Where do You guys trade cryptos?
I'd like to start, but GDAX is offline as soon as crypto volume is high.
I need platform with decent technical indicators (mainly fibonacci tool).
Hah! An exchange that goes offline once volume is high is suspect to fraud. That's the way I perceive it. To be honest with you, I haven't heard of GDAX until now. You may want to choose from reputable exchange ad listed on www.coinmarketcap.com. As for me I use Poloniex, coinexchange and Binance. They have been cool and I haven't got any issues with them except the mandatory verification you have to go through before you are allowed to withdraw. |
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Thanks a lot for the answers. Actually when an NGO receive a BTC payment if hold it mean that decide to invest in that coin, so i'm according with you to use some on line service that allow to convert soon the BTC in Fiat.
Do you know someone that are doing good this fund raising activities?
It may lead to confusion of what value was donated if you seek to hold the Bitcoin once donations are made. This isn't good for accounting purposes. Except you have the expressive permission of the NGO to hold and exchange for fiat at a later day and bring in profit for them. Otherwise, just exchange immediately the Samaritans make their donations. This is what most NGOs do. |
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I want to buy some coins. Which is the better to buy now ethereum or ripple?
If you are a swing trader who likes liquidity and volatility, then you should go for ethereum. Ripple is for a long term forgotten investment. That is if you do not seek immediate gain. Besides, ripples profit is in cents and the supply is overwhelmingly discouraging. OP, go for ethereum. Is Ethurum another fork of Ethereum?
Lol...It's a typo. |
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Need some expert or real advice on how I can earn bitcoin. thanks
How do you mean by no luck earning Bitcoin when I can see you wearing a signature logo? If you were wearing that logo for fun without getting paid, obviously there is something you aren't doing right. Also, you can diversify to trading if you know how to or offer any skill you have in exchange for bitcoin. I earned my first Bitcoin from campaign as a junior member. You are already a Member. So, do better. |
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What do you think should be done?
These days bitcoins are not given directly in campaign but tokens are given and very less campaign give bitcoins purely.
What would you do?campaign or trading?
Trading does not stop anyone from engaging in signature campaign, verse versa. Both are in different light and require separate skills to succeed. So, you can't equate one against the other. Of course, you are right about the dearth of campaigns paying in bitcoin. The few that show up are speedily taken with posters jostling for slots. Therefore, you can do both at the same time, even including your regular 9-5 job. |
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