Hello Everybody
Sr. & Experienced Members are requested to suggest some "do and don'ts" for Newbie's so that They can Follow and Maintain the Platform Environment Healthy.

I bought bitcoin when it was around $14,500 in January and I am still holding because I am not discouraged.  I have great hope that bitcoin is going to increase in price and volume in some years to come. 

Just had a chat with my friend on setting up mining in my farm house. He advised and suggested more to invest in crypto currencies then investing and spending time in mining. What you guys would suggest me of. Or shall i start with small investment on mining from house with rigs attached to system i have in my house and start a farm house once experienced or do not get into mining? Suggest me dudes.

Hello,

I was joined in crypto world almost one year ago. In this period, I am continuously learning from here and also work here. That's why I got some money and from those money I save some. Now, I want to start trading though the market situation isn't good now but I want to do this. I am also ready to take risk.

For doing that and getting inspiration, I need to know about its details. It will be good when you share your experiences.
Let's share your opinion here.
Thanks

I don't know if any of you know a Telegram group called "Blockchain Whispers", it's actually a big group with over 150k subscribers and they often share good stuff, and a few days ago they have released their thoughts regarding the current and future Ethereum status, and they aren't exactly good news.

I'm not an expert so I would like to know what you think about it.

You can find the original article here: https://blockchainwhispers.com/the-state-of-ethereum-i-am-bearish-on-eth-here-are-my-reasons-1-scaling-ethereum-does-not/


The state of Ethereum
I am bearish on ETH, here are my reasons:

- Scaling
Ethereum does not scale on the base-layer. One halfway popular dapp woulrd force the whole network to its knees, as seen with Cryptokitties or popular ICOs in the past. Ethereum as it is now, cannot handle even one single decentralized application that goes mainstream. The Ethereum blocksize has exceeded 1 TB and this is a very big issue. It is a known fact in blockchain technology that larger blocks centralize validators, and this is exactly what is happening here. There are fewer and fewer FAN-nodes (full archival nodes), and these nodes update the state of the Ethereum network. Because of Ethereum’s exponentially growing blocksize, the bottleneck is not regulated below these external factors and as such results in a shrinking and more centralized network due to network demands that increasingly exceed the average users hardware and bandwidth.

Ethereum full nodes are getting fewer and fewer because the clients can't sync. And light nodes are not a full substitute of full node verification. This will lead to a weaker and more insecure network. Planned scaling solutions are Casper PoS, Sharding and Layer2 solution.

- Proof of Stake is not as secure as Pow because the blockchain is not anchored in the outside world through the consumption of an external resource. In PoW this resource is Electricity, which makes sure that it is very very expensive to attack the blockchain and makes this attack economically unrewarding. Using energy burnt to back a block allows us to view immutability objectively. Whereas any non-energy-based method ultimately requires someone’s subjective interpretation of immutability. By attaching energy to a block, we give it “form”, allowing it to have real weight & consequences in the physical world. And PoS also leads to centralization as the power is concentrated with the people who have the most money. The entrance barrier to staking is 32 ETH, this is a fundamentally different system as PoW where miners compete throught the use of energy (cost) with each other. I personally consider Ethereum's economics broken at the base layer.

Look at this picture to see how centralized ETH gets with Pos:

- Sharding comes from the world of databases and describes a technique where a database (or a blockchain) will be split in multiple parts (called "Shards") where each of the parts has a different area of task. Validating responsibilities are split up among various groups, each with their own shard. The intent is to relieve the amount of work a single validating node must do so there can be more of them, but it only results in prolonging the issue, and not fixing the problem.

Furthermore, there’s now a huge cost for some of these nodes, as staking is required to be one of them. Sharding takes a single blockchain, turn it into multiple blockchains called Collations, then puts a twist tie on top and hopes mold doesn’t grow.

- Layer2 solutions are the only viable scaling solutions. For Ethereum we have Raiden and the Loom Network. Loom is especially promising as it enables sidechains on top of the Ethereum base-layer. BUT, if Ethereum adopts PoS (which is highly untested) we have an insecure base-layer. You can build a insecure second-layer on top of a secure base-layer, but not the other way round.

Ethereums on-chain scaling solutions were delayed again this year. Casper PoS is now expected in 2019, sharding in 2020/21.
issuance policy is another major negative point for Ethereum. The issuance of ETH is not capped! This means there is a constant flow of newly minted Ether, this goes on indifinitely in theorie. This makes Ethereum an inflationary asset, which is bad.

- Use cases for Ethereum: the number one use-case is tokenization. And this used 99% for ICOs which create tokens with articificial demand and no real usage. This trend is declining and so i expect the price of ETH to decline. Tokenized securities and cryptocollectibles (ERC721) will be potential markets, but in my view they will get nowhere as big as eexpected by the public (but this topic is stuff for another article).

Now we come to smart contracts, a clever idea but without the potential of mass adoption. here is why:
- they are incredibly hard to write (see the Parity and the DAO hacks for example)
- altough in computer science "code is law", smart contracts are NOT legally binding. They are NOT real contracts.

Execution in a Turing-complete context is extremely tricky and hard to analyze. Securing a Turing-complete smart contract becomes the equivalent of proving that a computer program does not have bugs. We know this is very difficult, as nearly every computer program in existence has bugs.

Consider that writing normal contracts takes years of study and a very hard bar exam to be able to write competently. Smart contracts require at least that level of competence and yet currently, many are written by newbies that don’t understand how secure it needs to be. This is very clear from the various contracts that have been shown to be flawed.

And we have the "oracle problem", smart contracts rely on the correctness of outside data. Who feeds this data to the Ethereum system? What prevents these oracles to be corrupt or malicious? how do we prevent centralization?

Blockchains have advantages in a very specific field, namely censorship-resistance and immutability. The killer use-case for this setup is Money. We do not need a decentralized internet. Because a centralized service is ALWAYS cheaper and more easy to use. Implementing a blockchain makes only sense in specific fields where immutability and the prevent of government control are important. I cannot imagine a future where everyone holds a Ethereum wallet with 345 different tokens for 345 specific services. And i highly doubt Ethereums capability to handle this kind of data load.

Ethereum is not leaderless (Vitalik Buterin and dev-team), not entirely immutable (DAO-hack and subsequent fork because of transactions that were rolled back), not a Store-of-Value because of an uncapped supply and it does not scale on the base-layer. Another thing is that BTC increasingly cuts into Ethereums use-cases with Rootstock (smart contracts) and Drivechain (side chains).

And with the death of dapps Ethereums second use case (capital rasising platform) also dies. This is the bearish case for Ethereum.
Thank you for reading Blockchain Whispers (t.me/blockchainwhispers).

Trading is like an addiction, but this bear market seems will be very long. Bitcoin is going to under 6k USD, ETH is now 262 USD, Almost 80% coin fell down. I can't make profits at this moment in trading, Because after getting a little bit of profit, the market again goes under, then another coin eats my profit too. What should I do now?

This is a good article that explains why Cardano will surpass Ethereum!

https://bitcoinmagazine.com/articles/op-ed-evaluating-promise-cardano-has-ethereum-met-its-match/

If you are a long-term holder, what profit do you need to close the position?
For example, I need a minimum of + 400%

Hey everyone, What other forums do you use to talk about crypto?

Nearly all of my altcoin portfolio is in the red and in rapid decline right now which although is disheartening to see also opens up the market for some great buying opportunities. Tron for example is at 284sats as of the time of writing this which is a great buy, i just picked up some more. i also have my eye on KCS (kucoin shares) which has dipped right down almost to levels this time last year. What are you buying during this dip and which coins do you think have fallen extremely low and will rebound later on making them great buys right now?

I've seen a number of well known traders (e.g. Willy Woo, Tone Vays) see this correction playing out like the one in 2014 and somehow they are seeing comparative patterns. I don't and I believe that this one is very much different starting from different fundamentals and ending with different chart patterns.
Fundamental differences? Let's start with 2014 rise not being natural, but caused by a bot. Fake volume pushed people to follow the market and buy. This time people were following the news and the volume was real.
The crash was followed by the biggest exchange going bankrupt and not long after the Chinese government auditing their exchanges to find out their volume was also fake. Chinese bans extended the bear market for another year. This time the crash was natural and started by the buyers slowly burning out at 20k. The fundamentals were and are still looking good. In fact they are much better than they were in December 2017 when the network fees skyrocketed.
As for the technicals the 2014 charts show much more panic and much smaller market depth. For instance, the first wave took the price down from over 1100 USD to $400, which was a 65% loss. In 2018 we didn't even lose 50% in that first wave. It's also worth noting that in June 2014 there was a huge recovery that managed to keep the price well above 600 USD (close to 40% loss) for more than 2 months. The price have to keep the hover around 12k USD for a couple months for the patterns to look similar.

Since we haven't had this huge dead cat bounce yet, there's not much fuel in the downtrend. Clearly the bulls are much stronger this time and the period of despair, that in 2014 came 12 months after the first wave, seems to already be here.

What do you think?

This market is a buyers dream come true!
Pick good projects like Cardano with dedicated teams and vision!
Cardano should be listed on Coinbase soon!

Expert traders, can you say Which is profitable coin? I like easy and short time trade. Now which coin is better and which exchanger also better for short time trade? I like small profit and it is short time. Say your option please.

Actually if you are a professional investor, you can earn money both in the bull market and down point. The most boring is a market siderway, not the market down.

In strong declines, there is always the opportunity to go a long way in the opposite direction, so anyone who knows how to play in a down market will be rich quick in a bull market.

The important thing in a bearish market is the trend reversal, so remember that in the bearish market and as close to the important support points you should put extremely short SL. For this reason, you can lose 8 out of 10 orders, but just succeed 2 orders, you will get back all, even profitable.

So for a professional investor, you can make money even in a strong down market.

Prepare yourself for a solid strategy and psychology. Good luck !

I think that few say if they actually buy a coin but the time is this because it can go back to increasing the value of it at any moment (@ $319.48/ETH)

sadly it is over friends!!!but of course too hard to believe!

Hello there,

You can share best indicator combinations here. The combination means using a few indicators together.

My best combination is;

• Bollinger Bands
• MACD
• RSI

Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .

Hey guys, I just wanted to share. I've observed and read many articles too regarding this topic and I would like to hear your opinion regarding this. Do you think that the cryptocurrency market is on a downward trend? Would altcoins be following this trend as well? Since Jan 2018, the market of crypto had been moving up and down way too much in a very short period of time. Do you think it is possible for an entity to manipulate the market so big?

Currently on the coinmarketcap site only about 1590 projects compared to at times more than 1700 projects. They have left many projects without developers or scam projects. I personally invested in some of these projects and lost a lot of money like bitconect and centra. Do you trust the projects you are investing in and will keep them for a long time until they succeed or are they just looking for profit in the short term?