the interesting thing that these two pictures are also proving is that finally the altcoin creators figured that they can not compete with bitcoin on level playing field so they changed the grounds! in other words they figured they couldn't even get close to bitcoin so they started manipulating the market capitalization by creating shitloads of supply so that their market cap grows up to a fake number and seemingly get close to bitcoin
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it is funny to see how everyone is now posting positive replies to this topic and it never got any answers back when it was posted! this "current" situation that OP is talking about belongs to a month ago and even then it was old news. the trend had reversed by then and it is still on the same reversed pattern rising up slowly!
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the bulls are surely back but the problem is that there are also some bear whales in the market at the moment which don't want to see the price rise. which is why they keep on dumping to prevent the rise and when this happens the others have no choice but to follow. the result is that we are seeing a dumb psychological resistance around $10000 which is hard to break!
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it doesn't really matter what they "say they think". what matters is what they really thing and also what they are really doing! for one thing, these millionaires don't mind the centralization of money. that is how they live. for another they won't publicly announce where they are parking their money anonymously
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there is bitcoin then there is this small adjoining market called altcoin market where people still use for their bitcoins (to increase their bitcoin wealth) this is why we only have one market and that is bitcoin. anything else is just a byproduct and will depend on the bitcoin's movements.
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airdrops is one of the worst ways of distributing a coin. it basically is giving away free money to a bunch of lazy people with nothing better to do other than claiming these coins every day and dumping them on the market to get the real money out! When startup holds its own airdrop it works like a sort of avertisment. People get free coins and they get interested in it, especially if it gets some value in $.
quite the contrary. people who claim these coins are only interested in it because of the $$$ value and because they can get real $$$ out of it. they don't care at all about the project itself. 99% of them don't even know what the coin is or does. you are giving them free money! who is going to ask what that free money is? they just are happy they earned something that day while sitting in their underwear
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That's honestly a ridiculous amount to ask for just to make a single tweet to endorse a new project
Not even expert reviewers get paid that much to do an indepth analysis
So much for credible rating and reviewing of ICO's
he got paid that much because he was not analyzing nor was he reviewing anything. instead he got paid that much because he was advertising these ICOs. and because of the attention we started giving him last year he got a lot of views so he also got paid a lot more!
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what is the point in selling at low? One must wait for the market to turn green and bullish.
there are two different things that should not be confused with each other. 1. selling at a loss (lower than you bought). this is a very good move and every trader should make this move. the market is unpredictable and sometimes we make mistakes so we should correct these mistakes by stop loss and things like that. 2. panic selling. this is when the newbies see the mistake they have made and see the drop but they don't sell. they wait instead. and when price reached the bottom and there were no more drops but there were a lot of FUD they start selling then. this is the wrong thing that should be avoided.
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There are fake versions of Bitcoin, Litecoin and Monero on the market. If this gets a lawsuit, those should as well.
this whole thing about a "lawsuit" is silly to begin with but what you say is even sillier because you are ignoring the big difference here! you would have been correct if Charlie Lee started calling LTC as bitcoin but he is not and he never had. but Roger Ver is continuing to call BCH as bitcoin.
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this week , ETH show a positive results ..
bitcoin price is rising and the pumpers are coming back to the market. if you want positive results then you only have to open your eyes to see them. here are half a hundred altcoins and more with a lot bigger positive results. we even have a 3000% pump
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altcoins are pump and dump toys so you have to keep your eye open for pumps and try to figure out where on this cycle you are buying the coin. for example based on what you said here i assume you bought it on late part of the initial pumping step and then got dumped on. what you need to do is that you should buy in the early pumping stages instead. here is a quick thing i just drew helping you see the different phases. i hope it helps: you basically want to buy in with the smart money as the volume is increase first but anywhere before the peak is a good buy chance specially the first panic sell moment although the risk is rising with the price rise.
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Just hit $9700. Up >6% last 24 hours. Will we see $10k in the next 24 hours?
Remember on how bitcoin stayed at $9,200 for long days and it didn't pushed through instead it went back to $8,800 - $8,900. The test to see $9,700 has come and we should see it first @ $9,800 - $9,000 before assuming that it can go straight to $10,000 for 24 hours. My opinion is it won't happen and 24 hours wouldn't be enough for that price, let's wait for 2-5 days and that can happen. remember when price was stuck at $6k range and people were saying it won't go up and everywhere you looked somebody was crying about how bitcoin is falling down to $4k-$2k, etc? and remember when price went up to $8k level in less than an hour just because the dumping could not fight the buy support anymore? Looks like the most pumped today is ETH.
where do you people get your information from?!!! ethereum is not even in the top pump coins. and that was just among the top 100 coins. over all looks even worse for ethereum
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the important thing about bitcoin is the long term profit. from time to time the rises in short term are huge enough to make it super profitable in short term too but bitcoin will ALWAYS remain the best long term investment. you make the most profit if you hold. but of course trading is an alternative choice that you can use to make even more profit.
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I do not trust Nano anymore, you could see massive sell from 30$ to 5$. Why? Because it is pump and dump coin. But this is my opinion, I am interested in more stable coins.
never judge a project based on its price or price movement. for example it doesn't matter what rank does ETH have and how high it may go, it still is going to be considered a shitcoin. you should always judge them based on their technology and their performance instead. regarding NANO i am very interested in it but i have yet to start studying it more. i actually have the white paper right on my desktop but unfortunately i have been super busy to read it. i suggest everyone to start there: https://nano.org/en/whitepaperand that is another issue with altcoins, you should never trust what others say because they are usually bag holding the coins they are supporting. which is why you should go ahead and read things on your own and figure it out.
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that's the story of almost all the altcoin history! they gain popularity by advertisement and nothing else. the better they advertise the higher their price can be. for example take Ethereum itself. they have been advertising it nonstop in the early days of its existence and successfully got it hyped up enough to get big initial pumps then the advertisement never stopped there. it continued with lots of fake news and eventually it got big enough that they could make millions of their premined coins.
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owner of a company that was founded last year to make money from people's money is now making a "bitcoin goes to the moon" prediction! is it just me or does that remind you of everyone else in the crypto world who wanted to gain some popularity? example: John McAfee!
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if by "outdo" you mean outperform then yes bitcoin can and has been and also will be outperforming any other market not just stocks market because it is a new growing technology with increasing adoption. this means the price of this limited supply currency is going to rise for more years and from time to time this rise will be fast and big like last year which means it will outperform many other markets.
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i know one thing for sure, we don't need any tokens at all! there is absolutely no reason for them to exist and they have no usages. they keep on coming up with these virtual problems in their heads then pretend they are solving that problem! at the end of the day it will all come down to profit and profit and more profit.
as for new coins i say we need new developers that focus on invention and developing instead of focusing on how to earn more money! the day that i see a new altcoin is created with a real interesting innovation, no premine and no ICO is the day that i invest a large amount of money in it just to support the project. i don't care even if it fails and i lose money.
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Do you recommend investing in Ethereum rather than bitcoin for holding now ? Or Bitcoin should be first ?
the answer is too obvious that i feel silly that this topic is already long with a lot of discussion! look at the charts and compare them together! bitcoin has the bigger rise, it has the lower risk and on top of that it has the biggest potential. not to mention that if by any chance bitcoin price drops, ETH will see a hard sharp dump. in any case i have never considered ETH as a good long term investment myself so holding it is silly even if you think price is going up. and i have never suggested it to anyone. the project has too many holes and scandals to overlook.
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I think a lot of people are holding due to fear of Mt Gox, or this sell off could be Mt Gox. Either way we need to big buy volume to come in to get the momentum going. Tether Volume is back over 5B We have Consensus in two weeks!
I have to disagree with the Mt. Gox influence. So I won't mind if he decided to offload again. We are tired of him trying to pull the price again and I'm sure that everyone knows about him and I'm sure that if even the price goes down because of the Mt. Gox, people are still going to purchase bitcoin once more specially if the price goes down. i am fairly certain that Mt Gox trustee had nothing to do with the drop or any of the subsequent drops that followed. the trustee like anyone else was a seller and like any other sellers they don't want the price to drop since they are going to receive a lot more if the price is still up. all the drops were corrections, panic sells,... and the Mt Gox news was FUD like any other news including China, Russia, Korea, India, ... banning bitcoin that kept coming out.
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