go to coinmarketcap.com and look at the list of altcoins. as you can see if price of bitcoin is falling then ALL of the altcoins (specially big ones like ETH that someone suggested above) are falling with it, some of them are even falling bigger.
this means in times where bitcoin is falling you shouldn't go to altcoins you should either hold your bitcoin or sell it for fiat.
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where did you get that transaction ID?
is it from a service, like is it the result of your withdrawal from some exchange? in which case you have to contact them and ask why they never sent you your coins. otherwise there is nothing we can do for you.
if you got that tx id from somewhere else then say it, maybe there is a way.
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nobody knows exactly WHY this is happening but there are a lot of guesses, some of which i agree with. but the only important thing is to remember this trend exists and will always happen, or at least in 99% of the cases: bitcoin up => altcoins down bitcoin down => altcoins down
nothing else matters, knowing this you can always make profit.
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not if you are an early investor. lets say you have invested on a token few years back and so those tokens by now is worth more than the ICO price. so invest today and few years later price is going to be up anyway so long as you invested on a legit project.
the example you gave proves that you are taking a LOT more risk when you are an early adopter. as we all know nearly all ICOs have failed already which means when you invest in them in early stages and take a huge risk you ended up losing a lot of money which makes it highly risky.
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well at this point the altcoin market pretty much exists on its own. and it exists so that traders have a place to go to and earn money. it may as well not even be called altcoin market and they may not even be trading altcoins that exist (which happens to be the case sometimes! people trade altcoins that don't even have a functioning blockchain anymore!!!). so with or without bitcoin this broken market would still exist.
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that is the biggest problem with ICOs, you don't know the price of them in the future and that is what makes them a gamble rather than being a real investment. sometimes they can get more newbies to invest in them and bag hold the tokens so they can pump it easier, of course some pumping teams creating some of these ICOs are more experienced than others so they can pump it better. and sometimes they fail to pump it and everyone loses money but the ICO creator always makes free money.
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i will most definitely be a bad year.
it is because the rule of gambling is applicable here. when you gamble a lot you are bound to start losing. and ICO gamble has been going on for a while now. it is time for the loss to become the dominance result in the market.
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an altcoin is usually cheapest for a reason and that reason is because it is already dead. you can go to coinmarketcap and sort the list (the ALL list not the 100 list) based on price and see which goes to top with lowest price. it is usually less than 1 satoshi (eg. 1e-12 bitcoin).
and these coins can actually give you huge profits but buying and bag holding them to hope for a rise is not going to be the way to do so. you have to first see the pump ongoing before buying them.
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1. correction ended a while ago and bitcoin has been in consolidation mode making everything ready for the rise that has started after the accumulation. but the external reasons has been preventing this rise from happening by slowing everything down. reasons such as ETF hype and rejection of one of them by SEC.
2. going back to "high and beyond" still requires more money coming in and just a bounce back can not do that.
3. not at all. a pull back doesn't have to mean a deeper follow up. there is still a lot of very strong supports to break which have actually been increased because of the recent rise.
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there is a chance that all of this would fail in the future and everything disappears but that chance is so small and near zero for bitcoin and depending on which altcoin the chances are increasing with how shitty that coin really is. usually the most pumped coins are the ones that will burn to the ground faster too.
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It would be amazing if the value was to raise by that much but as much as some of us wish for this to happen I do not think it will happen by the end of the year.
One of the most awaited day when it finally reach that price but for this year, yeah that was quite too high but still who knows? Last year, from $1,000 at the beginning of the year and it ended $20,000 by the end of 2017. See the growth so anything can happens rapidly day by day, we aren't so encourage to believe that it will happen this year because we haven't seen some clue. the important thing to remember is that you shouldn't expect unreasonable rises this. for example we can not see $100k in 5 months out of nowhere and you should not plan for it but it is always possible for it to happen. it is the same with the drops. for example people say price will drop to $2k. you shouldn't be planning for that either but it is possible!
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as for the projects itselves i have checked a couple of them in the past but each time so far i have been disappointed with their product. it wasn't really having any kind of Intelligence in it.
as for investment and profitability, these projects don't seem to create that much of an interest among investors.
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based on what i have seen so far altcoins drop hard whenever bitcoin has a big rise OR a big drop. and i think in both cases it is because everyone abandons altcoins easily to go back to bitcoin which they all want and care about. so if bitcoin started rising fast again, you may want to steer clear of altcoins, specially the top bigger coins that are tightly coupled with USD and BTC at the same time.
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hard forks are always scary and undesirable for any system specially when that system tries to be a decentralized one. but the fact is ethereum is far from being decentralized which is why they keep having these hard forks without regarding the risks of them.
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in case you missed it, whenever bitcoin price has a big rise or enters a bull run mode altcoins get dumped hard. and when for example an altcoin with 100 million coins gets dumped the total market cap goes down a lot which means the percentage of bitcoin grows even more. it is the exact opposite of when the altcoins with 100 million coin gets pumped and bitcoin percentage goes down. and it is all meaningless.
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Right now, green projects are more in demand. The people are getting themselves associated with projects which are more likely for the betterment of the environment and which will be able to save the earth.
the reality is that people who are investing in these things don't really care about "green" projects or even the environment. and they are not successful either. maybe there was one or two ICOs that got a lot of money by just hyping things up but the reality is that they are not doing anything for the environment they just created something fake, hyped it and then made a lot of money from it.
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i don't think there is much we can do to speed up bitcoin adoption in Africa specially if we don't live there. of course if you are already there you may have an influence. for example you can start talking to different merchants, big companies,... to start accepting bitcoin as payment. if you have money or are interested in it, you can start businesses in Africa related to bitcoin. for example start up an African bitcoin exchange service making it easier for Africans to buy/sell bitcoin with local currency within their country.
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i wish the ETF news weren't as hyped up as it is these days. things like this never end well no matter the result of the decision. for example back in the times of block halving we had similar hype and price went up a lot and when the halving happened we had a correction and a rather long period of nothingness!
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unfortunately there has been a great number of people online talking about bitcoin price and at the same time claim to be "experts" about it. the worst thing is when some of these newbies gets one guess right, we never hear the end of it. my suggestion is that you stop listening to self claimed experts. they are just expressing their opinion/guess.
here is my guess: these big prices are always possible, more possible in longer term and less in short such as end of the year. we will see a rise because of ETF both because of its news prior to the date (hyped up) and its actual event in case it is approved but it won't be the reason for rise to $20k,... that rise requires actual investors coming back and more adoption to take place and that requires longer time it won't happen in 4-5 months.
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BCH is a centralized coin like Ripple so this ain't a good investment in the long run. If you will hold this coin for long term, you'll be broke because its either Jihan Wu will dump this coin. Or Roger Ver will dump as well when they are ready to forget about this coin.
it is true about BCH but Ripple situation is 100 times worse than this. because it is not only centralized and they can control everything including your balance but also the total supply is 100 billion while only they have released about 40 billion of it. in other words there is still 60 billion XRP unaccounted for which they keep releasing each time they pump it so that they can make a huge chunk of money.
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