this is starting to become really ridiculous!
the FUD comes, the weak hands panic, price drops, whales enjoy their shorts and make a lot of money, then the buying frenzy starts at the bottom and the price recovers. result? much richer whales!

it is like what they say:
"fool me once, shame on you; fool me twice, shame on me"

this is great, i am always happy to hear news regarding mining equipment manufacturing coming from other countries. it is long overdue for other computer hardware manufacturers to also enter the scene and start competing. it will only make things better.

with competition
- the equipment prices will come down,
- the technology will advance faster
- buying equipment becomes easier
- and finally it makes mining more decentralized

the other one that i heard was from Russia, i don't know what they are doing now.

these two are not "problems" the first one does not even exist and the second one is a feature. a good and necessary feature. in fact one of the reasons why bitcoin is so good and used is because it has not "reimbursement" or charge back like what things like Paypal have and cause a lot of scams.

it is one word or 4 letters: D U M P
you should do it as fast as you can. it is all pump and dump, and for some coins the pump takes a couple of days to even a week and some coins it only lasts less than a day. you have to dump fast depending on the coin. if it is one of those big coins like ether which takes longer to pump then keep it until the pump is at its max. if it is one of those small coins that are fast pump and dump then don't hesitate on dumping.

and don't worry about the rest of the pump as long as you got a good profit out.

thanks a lot kwukduck, i was actually wondering when the recent dip is going to end and i have to admit i was a little worried that this dip could last a little longer than usual. but with your comment i now know that the dip is finally over and we are getting ready for the rise.

if your post history is any indication we will see $5000 pretty soon.

of course everyone is here for profit without an exception but "profit" is more like "benefit", it doesn't have to always be monetary profit. it can be the financial freedom that you gain when using bitcoin. it can be the freedom of not needing a third party, it can be the security, the speed, the cheaper transactions, the privacy and lots more that bitcoin offers you.

these are all profits.

"cheaper" coins came (past tense) due to China ICO ban. you are late my friend. i don't see any reason why it should be repeated.

like all the previous drops which were like this, they are all once in a lifetime opportunity. but i don't need to tell you, you have been around at least from 2014-06-17 so you should know it already.

a very good source to find out exchanges that have an altcoin listed is https://coinmarketcap.com there is a search function there which you can use to find the altcoin that you want and from their page click on the "Markets" tab and see all the exchanges that you can use.

i suggest using: c-cex, cryptopia, Novaexchange if you are looking for alternatives.

also you can always check out the altcoin's announcement topic. they always list where you can trade their coins.

"dead cat bounce" is when something is dead and falling but on the way down it comes back up. do you think bitcoin is dead and will continue to fall down? because that is what a dead cat bounce really means!

for now bitcoin may fluctuate a little but it won't be a 15% drop that would suggest price can fall down to $3825 from $4500 which is impossible. the lowest it may get is somewhere around $4250

are they really?
tell me, which one of these ICOs so far do you know that actually did something useful with all the money they received?
how many of them contributed something to the real world? made some advancement in the blockchain technology? solved some real world issues?

now tell me how many of them were scams? how many just took a large amount of money and the project remained what it was on the day 1?
how many of them were poor copy paste of another project?

when some country bans bitcoin, they ban usage of it. so it will be technically illegal to hold bitcoin, invest in it, trade it, or use it as a currency to buy stuff. they can not shut it down or prevent it, they can only prohibit it.

but don't worry, big countries won't do it. just a handful of under developed countries have only said bitcoin is illegal because they are illiterate enough not to understand it.

all the countries already have some rules against ICOs and they must tighten these rules too. because these days the altcoin market (because of ethereum) is plagued with all these scam ICOs which are all acting illegally and it actually is pretty bad for altcoins in general because if things go on like this you can be sure that people will regard altcoins as scams and will only stick to bitcoin.

no they can NOT stop bitcoin.

first of all the government has never had anything against bitcoin. they have always have been against illegal things that is done with it. with bitcoin and any other cryptocurrency. this China ICO drama is the perfect example of what i just said.

secondly nobody can stop bitcoin. things like what happened can temporarily damage the price. and even if all countries announce bitcoin as illegal the price drops and that will be the worst part of it. but it won't kill bitcoin!

this was mostly good timing. you can almost call it coincidence.

after the big bitcoin price rise of late, there was an urgent need for a correction. so it happened, like always and price came down a little in the first day ($4500). but then the news about China came out and the FUD machine started up and the panic began ($4001) the day after the correction was done.

and now it seems like market is recovering pretty well.

well that price was not exactly normal so that we go back to it now!
a price around $4400-$4500 would be more normal for now and price is currently recovering from the bottom back to $4300 which is a good sign for holders and bad sign for all those who fell for the FUD and waited for a bigger drop down to ridiculous numbers!

we will never get rid of the "death of bitcoin" ever. and it has never gone anywhere to surface now. it is just that people don't listen nor repeat the FUD while price is rising and everyone is happy about it. but as soon as the rise stops (not even falls, just stops rising) everyone starts singing the death songs.

you need to ask genesismining support why they have finished their other contracts and only have altcoins ones.
but it is possible that they were offering limited amount and because of bitcoin price rising and possibly people wanting to "mine and earn" they bought all of them before you get there. but altcoins have less interest, specially ethereum that is switching to PoS and killing mining.

bitcoin continued its rise from 3 years ago and consistantly with only small correction which were always less than 20%

Ethereum recovered a part of its dumped price of a couple of months ago pump and dump from ATH of USD470ish

bitcoin corrections are happening if you look at any chart.
for altcoins like ethereum you should expect "dumps" since there are no corrections.

as long as i live i will never understand why some people fail to understand the market dynamics.
it is pretty simple: price goes up then it comes down. then up and down again. it is not a "massive sell off" every time price comes down just because you had a price in your dream that didn't last as much as you like it to last.

price went up to $4900+ in a couple of days without a correction and finally the correction happened to bring it down to $4600 level again.
the same way it brought it down to $3500 on 22nd or $3100 on 9th or $2400 on 26th of last month.

it is not luck, it happens sometimes!
it is actually pretty funny because if you check the block itself (483017) you can see that about 90% of the transaction inside of it have a fee less than 10 s/B!