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1  Bitcoin / Legal / Bitcoin/Crypto FBAR Question on: September 18, 2018, 08:06:52 PM
To those of you who done the FBAR, what price are you suppose to use for the highest balance of bitcoin or any crypto?  Thus say you use binance or electrum and kept btc there and had enough btc where you had at least 10k during the year and at end of year, what is the highest balance you are suppose to use?  Take the highest amount of btc you held in binance or electrum and go to coinmarketcap and look for the highest closing balance?  Or at the end of the year? Thus if you had 2 btc, well your balance at end of year would be like 14100 x  = 28200.  But it went up to 19200 at one point.  So is it 19200 x 2 = 38600?


Anyone who filed FBAR could explain?


Also they need your account number.  What account number are you giving for a wallet like electrum?  There is no email or account number associated with it as oppose to if you use an exchange like say binance.  Also are nano ledger s or trezor foreign?

2  Alternate cryptocurrencies / Altcoin Discussion / Waves Wallet Location? on: September 18, 2018, 04:15:45 AM
Is it based in Russia?  Does anyone know where waves is located?  I know blockchain is based in Luxomberg.
3  Bitcoin / Legal / Cryptocurrency Tax Spreadsheet on: September 17, 2018, 07:20:55 AM
Anyone have recommendations?  If so, it basically records the transactions for you correct?  Thus that way you don't have to record the transactions by yourself and it being very complicated?
4  Bitcoin / Electrum / Electrum Bitcoin Received/Sent Date And Time Question on: September 17, 2018, 06:09:44 AM
Hi all got a question.  I use to use electrum a lot to send/receive btc.  Many times i would for example request btc from a site... thus i withdraw a usd amount from there and then they send me the btc equivalent to my electrum wallet.  Then once i have that btc, i would send that btc to another site... which would be converted into fiat.



So example back then if i needed say 0.5 btc, i request btc from a site, they give me around 0.5 btc.  Then once i see it shown in my electrum wallet, the description would show as received but it was not added to my balance correct?  First off, can someone tell me what is shown on the electrum wallet when this happens?  The word isn't pending but i don't recall the word it used.  I haven't used electrum in a while.  Also i would then send btc from my wallet to another site.  Let say back then i did this with 0.5 btc and i had say 1 btc in my wallet back then.  So when i request the btc... i would then have around 1.5 btc total in my wallet.  I would be waiting for btc to show up in my wallet... then i take that 0.5 btc and send it to another site.  Thus im trying to move btc from one site to another but holding my 1 btc in my wallet without touching it per say.  What i want to know with electrum is... when i receive the btc in my wallet, it takes several confirmations before it gets added to my current btc balance right?  The other thing is i recalled when it show up in my wallet, it didn't show the exact date and time because it did not have enough confirmations right?  But then let say i would then send 0.5 btc to another site because it did show i received 0.5 btc.  



Now the big question i have is this.  Is it possible for the btc i requested and received but did not have confirmations... to show up hours later on in my electrum history?  Thus say i request 0.5 btc from a site.  They send it to me and it does show it as received but not added to my btc balance on electrum.  I know it take many confirmations.  Now i transfer 0.5 btc from my wallet to another site.  So at the end, i would have around 1 btc in my wallet when everything goes through.  Is it possible when i check my electrum wallet later on, that it shows the btc that i received... it might show it as a transaction hours later or even the next day?  But the btc that i sent to another site... it is dated earlier?  



Thus imagine i requested btc at 6pm.  The site sent me btc and it shows it hitting my electrum wallet at 6:30pm.  Now i send the 0.5 btc to another site at say 7pm and well both transactions seem to take a while.  But i'm not concerned because i still have 1 btc in my wallet in case the 0.5 btc didn't confirm first etc.



Is it possible for it to show in my electrum wallet... i sent btc to another site on that night at 9pm?  But the btc that i requested earlier and did show hit my wallet at 6:30pm but had no confirmations... to show up in my wallet the following day say in the morning or even afternoon?  


Thus it should be dated like this if bitcoin received/sent was instant but it isn't



Monday  6:30pm  btc received 0.5 btc
Monday  7:00pm  sent 0.5 btc



But instead it shows like this on my electrum wallet when i had supposedly received the btc on Monday at 6:30pm and sent the btc to another site at 7:00pm


Monday  9:00pm sent 0.5btc
Tuesday 3:00pm  received 0.5btc



I ask this because im looking at previous transactions i did a long time ago where i would request btc from a site... so i could send the btc to another site.  And i notice many times, the amount of btc i requested and sent... few times i sent that amount of btc first to another site as oppose to receiving it first.  So the reason is because of the electrum confirmations?
5  Alternate cryptocurrencies / Altcoin Discussion / Waves Wallet on: September 15, 2018, 11:33:19 PM
Im still using the old waves wallet.  In my portfolio, i have coins like liquid, turtlenode, grantsbounty, wavesdesk, coffeecoin, tidex, mercury, wavesfullnode and basically a ton of other of these coins.  I know some of them i receive due to leasing my waves.  But even when i didn't, i would get these coins sent to my wallet every few day or week.  I notice some of these coins are worst a few pennies whereas some are worth like 1 percent of a penny etc.


1.  Are all these coins in my waves wallet legit?  Or some of them are fake coins?


2.  What do you guys do with these coins?  Also there's a name for these coins.  I believe they are called airdrop correct?  I notice i also got a very very tiny amount of btc and bitcoin cash here.  Does anyone know why did i receive it?  By little i meant like pennies worth.  Is it due to leasing or just having waves?


3.  Can someone who have all these coins and traded them tell me what is best to trade it for?  Thus for btc?  For btc and then usdt?
6  Alternate cryptocurrencies / Speculation (Altcoins) / Wagerr on: September 11, 2018, 01:46:40 AM
Anyone have opinion on this coin?  I notice price has went up quite a bit.  I assume this probably has to do with the nfl american football season?
7  Alternate cryptocurrencies / Altcoin Discussion / Altcoin Wallets on: July 09, 2018, 03:17:14 AM
Hey all.  To those of you that own altcoins and store them in wallets, how do you make sure the wallet you google is legit?  Example there are over 1000 coins available on coinmarketcap. 


Let say you buy 10 different coins on bittrex and binance.  Let say they are not compatible with your hardware wallet such as ledger nano s or trezor.  Thus you have to download the actual wallet itself or keep it on an exchange.  There is a thread here where ppl say don't keep your coins in an exchange because its not safe.  First off, if you keep your coins in the most legit exchanges say bittrex or binance... is that generally safe from hacks?  Now what if you have 2FA on it as well.  Is that safe enough or not?  Someone mentioned if you have 2FA on it, then thats good enough.


Now in terms of altcoin wallets, do you people who own say altcoins that you cannot store in a hardware wallet all download the actual wallet for that specific coin?  But how to make sure that wallet is 100 percent legit?  Example say its bluecoin or greencoin to make it simple.  You can't put those coins in nano ledger s or trezor.  Then where do you store these coins?  I think it would be really annoying having to download all these wallets for every coin you own that isn't allowed on a hardware wallet.
8  Economy / Trading Discussion / Bittrex Fiat Verification? on: July 03, 2018, 01:21:21 AM
I have a bittrex account that is verified a while back.  I haven't checked bittrex in a while and notice they now allow USD to trade.  Not only that... they seem to allow deposits and withdraws with usd.  Can someone here confirm this is true?


So basically you could withdraw fiat to your bank account like with coinbase or gemini?  If so, that is great.  And do they allow ACH bank transfers or it was to be wire transfer?  I know wire transfers cost a lot more.


Also can anyone with verified bittrex account tell me how long this process took them?  Because this sounds great in that you could not only trade altcoins with bittrex, but you could withdraw fiat to bank account.
9  Economy / Exchanges / Bittrex Fiat Verification? on: July 03, 2018, 01:19:44 AM
I have a bittrex account that is verified a while back.  I haven't checked bittrex in a while and notice they now allow USD to trade.  Not only that... they seem to allow deposits and withdraws with usd.  Can someone here confirm this is true?


So basically you could withdraw fiat to your bank account like with coinbase or gemini?  If so, that is great.  And do they allow ACH bank transfers or it was to be wire transfer?  I know wire transfers cost a lot more.


Also can anyone with verified bittrex account tell me how long this process took them?  Because this sounds great in that you could not only trade altcoins with bittrex, but you could withdraw fiat to bank account.



10  Economy / Trading Discussion / How to cancel a limit order order on bittrex? on: July 02, 2018, 09:38:11 PM
I made a limit order on bittrex.  Kept it as default good till cancelled as well.


Example i wanted to buy 1000 shares of a coin at 1 dollar at x price.  It only filled up 300 units.  Then another 200 units etc.  Then another 200 units or so.  There is still about 300 units not filled yet.  How do i cancel this or i cannot do this?


Could i also buy that coin at a different price that something has available to sell at the moment?  Thus its available now at a higher price from a seller. 




11  Economy / Trading Discussion / Buying/Selling on Bittrex Question at Different Prices Question on: July 02, 2018, 06:28:36 PM
I want to buy an altcoin on bittrex.  Thus let say i want to buy 2000 coins of a coin that is say 1 dollar each.  I see they have the selling price as 1 dollar.  The issue though is there is only say 100 coins available at that 1 dollar price.  Thus if i want to buy 2000 coins, i would have to buy it through about say 10 sellers there.  So do you just put down 2000 shares at the 1 dollar price and then wait until someone sells the rest at that price?  Or do you buy 2000 immediately and if you do this... how do you do it?  I assume the fastest way would be put the price you want to buy as the last price of the 2000th coin?  That would mean you would buy the 2000 coins at like so many different prices?  Thus if you put down 0.0000160 btc price and 2000 coins, you would buy them through 10 sellers and like all at different prices where its 1 cent off or so? 


Example say you want to buy 2000 coins at the number next to it is the price in btc and it looks like this for sellers


1.  100   0.00015 btc
2.  50     0.000152 btc
3.  10     0.000153
4.  300    0.000154
5.  500    0.000155
6.  40       0.000156
7. 250      0.000157
8. 150      0.000158
9.  100     0.000159
10.  800    0.000160



Thus if you put 0.000160 btc price which is around $1.06, that mean you would buy these 2000 coins through all these different prices of 1 dollar to 1.06?  And since you put 0.000160 btc price, it obviously would buy the lower priced ones first right?  Thus it won't just buy 800 coins at 0.00160?


However if you want to make sure you get it at exactly 1 dollar, put down 0.00015 btc price and it would buy 100 coins.  But there would be 1900 available still.  Then you wait?  I know there is option for immediate or cancel as well.  Do you guys do that or leave it as default good till cancelled.
12  Bitcoin / Electrum / Unconfirmed Transaction on: July 02, 2018, 04:55:53 PM
I have a nano ledger s for using bitcoin and i recently had btc sent to my electrum wallet as oppose to my nano ledger s.  I haven't used electrum in a while. 


I received the btc to my electrum wallet and it shows the amount and the balance.  Its however still showing as unconfirmed at the moment. 


I had this happen many times a while back when i only used electrum.  But aren't btc transfers a lot quicker now?  I recalled i had unconfirmed transactions for a while especially when btc was very slow etc.  I'm using electrum 3.0.5 at the moment.
13  Alternate cryptocurrencies / Altcoin Discussion / Docademic Coin? on: June 17, 2018, 12:59:35 AM
Mcafee seems to talk a lot about this coin and the price has went up a lot while every other crypto has dropped.  Thoughts on this coin?
14  Economy / Trading Discussion / Everyone loses money when the market is down right? on: June 14, 2018, 06:02:24 AM
So with how much bitcoin and all the altcoins are down, is it even possible for any trader to make any money?  Example let say this.  You buy btc at a very low price due to these dips.  Now you could either keep btc or buy altcoins with it.  Now the market goes down every single day.  First off, does anyone know if btc or any altcoins ever have a day where the prices drop every single hour?  Or is that impossible?


Anyways, with how much all the coins are dropping, is it even possible for any trader to make money on days or weeks like this?  Im thinking its only possible if they make sure they sell it at the right hour and minute etc in order to profit.  But of course if they are down almost all day, how is it even possible for anyone to make any money?  Sure when the market goes back up in a while, and the price gets higher than they bought it at and now they sell, the profit.  However, the same ppl who hold the coins will profit as well.


Because doesn't it seem like there is no skill involved at all it seems?  Because if the market is down for a long time, what percentage of traders are even making any money when the market is down?  Of course if you got a coin at like 10 cents a long time ago and then it went to 5 dollars... and now because of this.. its now down to say 1 dollar, well you are still up money if you sell it now.  But the same ppl who got this coin probably got it at over 3 dollars and lost a huge percentage of its value.


So is it true almost everyone loses money when the market is down?  And almost everyone makes money when the market is up?  Because if btc goes up, the alts follow.  BTC drops, everything follows.  Its like there is zero skill at all almost.   Such that yes when it goes up, some altcoins might go up higher than others.  Also why do certain very good altcoins drop when btc drop if that project is very good etc?  Yes i know you need btc to get that coin and vice versa but its like its either everyone wins or everyone loses.


So right now market is down a lot especially for those who bought not that long ago.  So where is the skill here?  Its basically when to sell and when to buy right?  However, when market is down like this, who is damn making any money?  Because isn't almost everyone losing money?  The only ppl that i could see that likes this huge dip are those that have usd/usdt ready and picking when to buy.  Of course they could have waited till btc was 8k and thought great i buy now or buy alts and each of these already lost a lot already.


Who is making any money now when the market is down?  The ppl who are selling?  Surely not since the price they sell now is much less than before.  Also just curious but does this apply to stocks and forex trading as well?  I know that well stock market goes up, doesn't almost all the stocks all go up it seems?  The same can be said of forex or am i wrong here?  I only know forex is money trading with different currencies etc.  Because when you look at other things like poker or sportsbetting... someone is winning and someone is losing.  Also to anyone that bets sports or knows about sports, you might hear how all the wise guys are losing money.  Wise guys are sophisticated sharp bettors that are much smarter than your average joe.   That average joe most likely bets very square picks... meaning like obvious public teams etc.  However, the thing is the public does win.  And when they do that, sportsbook would lose money.  But usually they get it back and the average joe loses it back betting very public plays and the sophisticated bettors aka sharps win again.  However, i heard of sharps having really bad seasons etc.



So based on that, doesn't it seem like crypto trading is basically everyone wins or everyone loses?  Because in sportsbetting, yes the house does win and they house could also have a losing streak.  But eventually they win back the average joes money.  But if the average joe gets lucky and goes on a huge run whether betting favorites or underdogs or whatnot, its possible for him to win for a long time or lose for a long time.  Also let say you have a few players who are sharp sportsbettors and a few average joes.  Well if the sharp guys are winning, most likely the average joes are losing.  If the sharp guys are losing, average joes are most likely winning.  I say this because they usually play opposite plays most of the time.  But no matter what, someone has to win.  Whether its the sportsbook or the bettor.  Also in sportsbetting, there is something called live betting where its like trading.  Basically you can bet on either side while the game is going on when odds change always etc.  But when you live bet, if one player bets this team while another player bets another team... remember each of these players are betting against the sportsbook, one player will win... the other loses.  Thus that is where the skill comes in.  So does anyone here feel like the market dictating winning or losing is just stupid?  I mean if market is down, who is making any money?  Its like ppl say when there is a bull market, everyone thinks they are a genius.  Well if its a bull market, the only thing you have to think about is okay i will buy btc but should i exchange it for altcoin or not and which one.



Anyone here have thoughts or opinions on this?  I got excited about cryptocurrency and trading and wanted to do it.  But now when i look at it, its basically look at the market.  There doesn't seem to be any skill in it.  Can anyone here correct me with any of my statements especially if i made any especially in sportsbetting?  Thanks.
15  Economy / Exchanges / Any Americans Use Bitstamp to Withdraw International Wire Fees Question? on: June 12, 2018, 08:19:15 PM
Hey all.  I'm an American that is outside the US.  I do have a coinbase account but the issue is i have to send verification again.  However, i read people say don't use coinbase to cashout to your bank account and use anything else.  I also believe they send 1099s as well if you hit a certain criteria but i believe they make mistakes with it such as i heard someone getting a 1099 for like 50k when they made like 5k income or something.  Thus they show the amount but just put that as income.  Does anyone know if that is true or not?



The other site that i was going to use to cash out to my us bank account was gemini.  I created an account but the issue was they required me to verify my account with a us sms number.  I use a google voice number outside the US to call the US and vice versa and text with no problems.  That number even works with coinbase as well and most sites with no issue.  Gemini told me they do not allow voice over ip numbers and it has to be a sms number.  I do have an sms number but its from another country that im at.  But i dont believe that would work right since well i would put my location as the US?   



Because of this, someone told me about bitstamp and its good because it was only way for an American like him to cash out funds to his american bank account while out of the US.  He did say however the fees are very steep.  So to anyone that is an American and withdraw funds to their US bank account, what site do you guys for this?  I assume coinbase probably would be the most popular since you could use it outside the US as long as you are verified?  However, people say avoid coinbase.  So has any American here used Bitstamp to withdraw to their US bank account?  I checked the site and they seem to charge 0.09% withdraw fee with a 15 dollar minimum fee.  That seems very reasonable.  So if you withdraw 5000 usd worth on bitstamp to your us bank account, that would be $4.50 fee but since its minimum 15 usd, then you pay $15.  But what other international wire withdraw fees are you paying?  I know your US bank has to pay an international incoming wire fee as well.  But besides that, is that it or are there more fees like the fee from an intermediary bank or something?  Thus imagine i want to sell $5000 worth of btc on bitstamp and cash that out to my bank of america or wells fargo or chase bank account in the us.  So i would pay 15 dollar bitstamp withdraw fee plus whatever fee bank of america charges for receiving an incoming wire transfer?  I checked and its about $15.  So basically im guessing if you want to withdraw $5000, then you probably would not pay more than $30 max?  So if someone wants to withdraw a bigger amount, then obviously you are paying lesser fees in terms of percentage right?  Example you want to withdraw $20000 to your bank account from bitstamp.  You pay 0.09% fees which is 18 dollars only.  So to withdraw to your bank of america with the 15 dollar incoming international wire transfer, you are paying $33 only for withdrawing $20000?  Can anyone who is an American and did international wire transfer can confirm this?


Also does bitstamp report to the IRS?


Also do almost no americans use bitstamp because they have coinbase/gdax and gemini?  Also for an american cashing out to their us bank account, would bitstamp be the most expensive out of bitstamp, coinbase/gdax and gemini due to the wire fees since i believe coinbase and gemini you withdraw via ACH which is free?  A person who is an American but outside the US told me the fees are expensive with bitstamp but that is only way he could find to get money into his US bank account.


And also does bitstamp have USD or USDT?  Example i know if you sell btc on coinbase, you would be getting usd value.  But if you sell btc on binance/bittrex, its usdt.  Thus you can't cash it out directly to your bank account because its usdt and because binance/bittrex doesn't allow you to cash out real money to bank account.



16  Alternate cryptocurrencies / Altcoin Discussion / Can someone explain to me why altcoins are worth money? on: June 12, 2018, 06:04:24 PM
People say almost all altcoins are scams... some people say 95% whereas others say 99%.


Now we all know bitcoin isn't a scam because its a store of value and because you could cash it out for real money.  The same can be also said of litecoin etc.   With litecoin, to me its like the discount version of btc.  But still its a way to pay or transfer funds to other people.  ETH to me is where i'm perplexed.  ETH on the other hand, its the platform where other coins use etc.  If thats the case, why is ETH worth money?  Why is anything besides BTC, Litecoin even worth money?


I will post a list of altcoins as examples


1.  dash
2.  monero
3.  edgeless
4.  funfair
5.  shift
6.  substratum
7.  deeponion
8. electroneum
9.  powerledger
10  Whitecoin, bluecoin



Now lets look at the altcoins.  Some coins do make sense that its worth money because the have a purpose.  Dash is digital cash so to me, thats like btc/litecoin.  Monero on the hand is a privacy coin.  So why is a privacy worth anything?  Now lets look at a coin like edgeless and funfair.  These are casino coins.  I understand why they are worth money because their business is an online casino.  Thus if the online casino gets more customers and make more profit, those coins are worth much more right?  But what does confuses me is for people to play at the edgeless and funfair casino... first off... has the edgeless casino even opened yet?  The funfair casino already has right?  So basically for someone to play at the funfair site in the casino and those other online gambling games, they are basically playing with funfair coins.  Can someone confirm this?  If yes, this makes sense why its worth money.  If not, what are these coins worth money?



Now here's a few i want to talk about.  Shift and substratum are coins where they are looking to dencentralized the web.  Im not sure exactly what that means but i believe its to make it more private right?  So basically the web is not private even if you use something like vpn or TOR?  I never used TOR but i heard a lot about it.  So why would owning coins like shift and substratum even go up?  If the internet gets decentralized by one of these, then these coins are worth a lot?  If so, why would the price even go up?  I have no idea why it.  Can someone explain why?  I heard lisk does something similar.  But why would these coins go up in value?



Also coins like deeponion and electroneum.  People talk a lot about them.  But what are the purposes of these coins really.  Why is it worth any real money is my big question to all of this.  



Also a coin like powerledger which had people talking about it because its backed by the Australian government.  Can someone explain why this having to due with solar power has a purpose?  What confuses me is this solar power they talking about... is it related to online or real life?



Also there are coins like whitecoin, bluecoin, greencoin etc.  Are people just making up names for coins or something?  What is even the purpose of coins like this?  There's a coins like faircoin and noblecoin as well.  I mean what is even the purpose of coins like this.  I mean can't i just create a coin called jerry coin or something and then say the purpose of this coin is ... then you make something up?



But even for those coins that are in the top 50 that are not BTC, litecoin, dash etc... what is the purpose of these altcoins?  Why are they even worth real money?  Yes you can sell these altcoins for btc and then sell it for cash and it hit your bank account.  But i dont really understand why any altcoins that isn't like money worth anything.  Like why is ETH even worth anything when its a platform?







17  Bitcoin / Bitcoin Discussion / Question to Those Talking and Speculating About BTC Price on: June 11, 2018, 03:14:50 PM
So there are many threads here where people who ask does anyone think btc will hit this amount in so and so etc.  Such as it could be a few year from now or even a week etc.  Or even talking about price speculation in one day etc.


I notice they also do this on tv with cnbc with btc where they talk about btc price hitting so and so and other predictions.



I have few questions on this.



1.  If someone is holding btc, does it really matter since the price keeps fluctuating assuming you are not selling anytime soon?  I use to think man btc went up or went down this much recently.  But if you have no plans to sell it until a long time or it hit a certain number, then does it matter unless it hit that number you want?


2.  The discussion about btc price on cnbc and with posters here.  They would talk about how btc dropped on cnbc with the prices.  I mean this really affects people who daytrade or swing traders right?  Because if someone is daytrading, obviously prices of btc at any time counts.  If you are a holder, well it doesn't that matter that much if it goes up 1k here and then drops 1k here right?  Also people here who ask does anyone here think btc will hit 15k or 20k again even though it has already hit it once.  Are these people traders?  Because if you are holders, unless you are picking that price to sell btc at, does it really have that big of an effect if you are not selling at those prices?  People on cnbc they keep talking about btc price and how much it dropped etc.  Well i guess this is because thats for mainly traders right?  Because do holders care as much as traders?  So many people ask here will btc hit x price.  But are these people going to sell at x price?  Because if not that, is it wrong me for to ask then whats really the point of asking if it will hit x price?  But im more interested to know about them talking about this on cnbc when they say how btc has dropped x amount today in the markets etc.  Because when they say markets, they clearly are talking to traders right?

18  Economy / Trading Discussion / What percentage of traders/investors make/lose money? on: June 10, 2018, 07:43:52 PM
So i have a list of altcoins on blockfolio program that i use where i put down the coins to watch etc because many posters spoke so great about these coins.  I did not buy these coins but there is 1 or 2 coin that i did bought where the value has plummeted but not like these below.



Some of these coins a while back people said that are great.  These are the prices when i put i on blockfolio before when i recorded and price now


sia coin  0.08 0.01
substratum  3.06  0.32
spectracoin  4.56  0.24
oyster pearl  0.93  0.25
electroneum  0.10 0.01



So with these coins people spoke about... they have fallen over 80%.  Spectracoin when i put it on blockfolio at 4.56 when people spoke great about it and prices kept going higher, its now 0.24.  The same can be said of substratum.  Also people talked a lot about electroneum.  It was 10 cents and i thought about buying because of all the things people spoke about it.  Now its about 1 cent.  So basically anyone that bought it at 10 cents has lost 90% of its value.  Thus if you put $1000 in it, you lost $900.  If you put $10000 in it, you lost $9000.


So with the market like this the last few months, how are people even making any money?  So basically anyone that is trading from say few months ago, i have to assume a huge percentage of people have to be down money trading right?  Unless you bought ETH, thats one of the few coins where it was up or not down that much depending on when you bought it.


Those of you that bought altcoins where the value has dropped at least 80%, i assume very few are selling right?  I mean that would be an 80% loss minimum.   Or 90 or 95%.  I also read thread where ppl said oyster pearl is a scam?  I mean does anyone here think these altcoins can drop another 80%?  That would mean spectra coin would go from 4.56 to 0.24 all the way to 2 cents.  And electroneum go from 10 cent to 1 cent to 0.001.



So my question to the traders out there, in the last few months, what percentage of traders are even making any money from this?  Unless you are buying at the dips and selling at the highs and always get it right, then doesn't it seem at least 90% of traders are losing money the last few months?  Example you could but btc or altcoin at a price.  Wait for it to go up 10 percent and sell it.  Thus you lock in profit.  You wait for dip, it dips and now you buy.  Now you wait and price go back up 5 percent and you sell and profit.  Dip happens again and you buy again.  The issue now is everything keeps dropping and doesn't go back up.  Now you don't have any loss unless you sell, but look at the altcoins like spectracoin, electroneum etc.  They are down 90 percent.  How do traders even make any money when the market is like this.  Sure there are certain coins that are up in profit but these are very few since if btc goes up, everything goes up.  But btc has been dropping so everything drops.  But with these altcoins, they are falling like 90%. 


How do traders even make money like this?  Example you might say look at the coins i listed above.  Well buy it now since they are so low.  But what if electroneum drops to 0.001 from 0.01.  That would be another 90% loss.  The same can be said of spectracoin etc.  I mean it could go down to 2 cents.  That mean it was 4.56 all the way to 0.24 then to 0.02.  Does that mean you just have to invest in new coins that you think would pump and dump?  Of course you have to buy and sell at right time which is basically a guess.
19  Alternate cryptocurrencies / Altcoin Discussion / Altcoins Down 80+% on: June 10, 2018, 07:36:15 PM
So i have a list of altcoins on blockfolio program that i use where i put down the coins to watch etc because many posters spoke so great about these coins.  I did not buy these coins but there is 1 or 2 coin that i did bought where the value has plummeted but not like these below.



Some of these coins a while back people said that are great.  These are the prices when i put i on blockfolio before when i recorded and price now


sia coin  0.08 0.01
substratum  3.06  0.32
spectracoin  4.56  0.24
oyster pearl  0.93  0.25
electroneum  0.10 0.01



So with these coins people spoke about... they have fallen over 80%.  Spectracoin when i put it on blockfolio at 4.56 when people spoke great about it and prices kept going higher, its now 0.24.  The same can be said of substratum.  Also people talked a lot about electroneum.  It was 10 cents and i thought about buying because of all the things people spoke about it.  Now its about 1 cent.  So basically anyone that bought it at 10 cents has lost 90% of its value.  Thus if you put $1000 in it, you lost $900.  If you put $10000 in it, you lost $9000.


So with the market like this the last few months, how are people even making any money?  So basically anyone that is trading from say few months ago, i have to assume a huge percentage of people have to be down money trading right?  Unless you bought ETH, thats one of the few coins where it was up or not down that much depending on when you bought it.


Those of you that bought altcoins where the value has dropped at least 80%, i assume very few are selling right?  I mean that would be an 80% loss minimum.   Or 90 or 95%.  I also read thread where ppl said oyster pearl is a scam?  I mean does anyone here think these altcoins can drop another 80%?  That would mean spectra coin would go from 4.56 to 0.24 all the way to 2 cents.  And electroneum go from 10 cent to 1 cent to 0.001.
20  Economy / Trading Discussion / True USDT? on: June 03, 2018, 01:03:27 AM
Haven't been checking the news much lately.  But i noticed bittrex now instead of usdt has true USDT?  Can someone explain this?  Also apparently now every coin that couldn't be traded against usdt which is like over 99% of them could not be traded with true usdt?  Is that true or false?  Also what about on binance?  I mainly use bittrex and binance.


Also i assume you can't cash out USD to your bank account like how you could with say coinbase or gemini right?  Or does bittrex or binance allow this now?  If so, that would be huge.  Also wouldn't that mean its easy to calculate trades now since if you have say a coin like lisk and sell it, well you are not selling it for true usdt as oppose to btc and then maybe to usdt?
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