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Actually I was expecting it to drop after the hardfork when holders got their segwit2x and they would take advantage of the low price of altcoins. It just got pushed ahead because of the cancellation of segwit2x. Not it is just profit taking and getting hold of some cheap altcoins. The money will roll back to bitcoin after this phase.
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Rewarding for those who trusted their alts will recover and bought even when the prize is dipping very hard. It is a good thing I bought some hefty alts before the prize of bitcoin dropped. Now my investment is growing fast. I was expecting this after hardfork but we got it before
because there is no more hardfork. It got cancelled. |
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I find it very difficult to keep seeing the bigger picture when there are so many new projects. For instance the airdrop and ico branch. Overwhelming! Is this also a problem for my fellow crypto enthousiastics?
It cannot be helped. It would be more in the future when cryptocurrency over comes fiat. Every project can use a token of their own for the project they are developing to set a brand or identity for themselves in the crypto world. It is just like a business having its own ticker used for stock exchange. |
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If hackers can steal the private key to your airdrop wallet, they can definitely get the private key to your trading wallet. It seems like a good idea in theory to separate them, but in practice, I don't think it would make much of a difference.
It would because if you get hacked, only one account gets hacked. And you would not use your trading address in any airdrops or shady websites that would try to scam or steal your address. But the strict rule should to never give away your private keys. Always keep it safe and your funds are safe. |
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Hi, everyone. I got about $5000 to invest in crypto. Which one is more secure and profitable: trade crypto (yes, I'm a newbie) or invest in ICO? I've made my own research and investing in several ICO's seems more attractive for me, but want to know your opinions  Both have high risk actually. But in trading you can control the outcome and if you really are good in trading you can have a steady source of income. ICO comes and go. And you cannot be guaranteed that the project will be successful or the devs will be faithful and will not run with the money. Personally I'll choose trading over ICO because I am in control. But a good ICO can be very profitable if you chose the right project. It is whether you'll choose a steady income or one time big time. |
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I have been reading through the forums and I have encountered this topic under the Market and securities section that this member of the forum said on December 2016 to wit, "I currently have $350 btc and i'm sure the price would drop on the next few days. I need a place to invest my btc somewhere".
As for my concern, how do they know that the price would drop? Would it be based on intuition, a tool to predict the future price of these btc or are there facts that support his claim?
Thank you, opinions/answers would very much be appreciated.
There are tools you can use to predict the direction or trend of the price of bitcoin but there is no definite way to tell that the price will go a certain way. All that can be done is speculate or guess the direction it will take. What you have read is just an speculation and can be true or false. Maybe if he is well trained in trading, it is an educated guess at most. |
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All of ERC20 tokens can be traded in etherdelta, so if you are starting you can study on how to trade on etherdelta. The only downside is etherdelta is quite slow and the volume is low. But if the token you want to trade is already established, maybe you can find them on more reputable exchanges like polo, bittrex, hitbtc and the like. You must research the token you want to trade to know which exchanges they are available.
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The initial reaction was profit taking that is why the price shed 400$ when the news broke out. I would do the same if I have 2-3K profit from each bitcoin I have. I think more will dump some bitcoins as they learn about this news. Alt coins are good buy right now because most of them are very cheap and dropped deeply when bitcoin was surging up. Some investors may take that path and may lead to bitcoin dropping more. Even with all that, I do not think bitcoin will drop to below 6K so it is still good.
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far as i know it is going to be postponed for more than a month, or maybe two, but there are going to be new forks on December and in January, of course, but we dont know the real names of them yet.
But i really think that this whole situation with all the forks is getting crazy, maybe we are going to see about two forks every month in some time from now, hahah, this is getting very crazy, but i like the way that it is going.
If it is cancelled, then it is better, but if it really got postponed, it is going to be a good notice for all of us in some months.
As I understand the statement they released, they do not want to have a hard fork or divide the community that is why they are cancelling segwit2x. They want it that bitcoin will adopt the larger block size through segwit2x but they did not get it so they are cancelling. They are hoping when the community realize that there really is a need for larger block size they will consider this solution. |
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Surprisingly, ETH is at 310 according to coinmarketcap at this moment. Even after the parity issue, the price still moved up. This could be attributed maybe to the cancelling of segwit2x hardfork. Those who hold bitcoin for segwit2x is now cashing out and moving into low priced alt coins. But I do not know if this price will hold for long because of the current parity issue. It may drag the price down in the future.
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It will shed some dollars for sure now that segwit2x is cancelled. Those who caught the news early have taken their profit since there is no more extra coins for them.Same thing will happen to those who hoard bitcoin for segwit2x. If it sheds a thousand dollars, I think it is still fine. We are still above the price compared to two months ago.
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It is a good time to buy altcoins right now, the price was almost half from a month ago. I am planning to buy more ETH and XEM before their price starts pushing back up. bought in june eth,xrp,nem,xmr,bts,steem. Doesn't even matter what I bought they are all way down...like 80%
Their price might have fallen in terms of bitcoin but it is still the same value in terms of dollars. So I think it is not all lost yet. Once bitcoin settles down or corrected, the price of those coins in bitcoin will recover. |
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ATTENTION!!
Beware scammers!
EtherDelta never sends e-mail!
So they moved from myetherwallet to etherdelta. Good job calling their phishing attacks. These scammers never get tired trying to steal our funds from us. So we must always be careful and double check the links we are clicking, the sites we are joining. Etherdelta also posted a notice on their website about their official url. Maybe this is the reason they did the notice. |
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Bitcoin is the original cryptocurrency so mainstream media is focused only on bitcoin. People who are not well versed in cryptocurrency only know bitcoin and maybe a few emerging altcoins but focused mostly on bitcoin. Plus bitcoin price is really surging right now that even if you know some alts, it is easy to ignore them and just focus on bitcoin.
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As far as I know, your private keys does not leave your workstation. It is stored in your cache which etherdelta access. So, it is safe as long the coding does not change. I have been using etherdelta for quite some time now and so far I have not lose anything from my account. You can choose not to use etherdelta if you do not feel safe importing your private keys. There are lots of centralized exchanges out there you can use if you feel safer using them.
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Around 930k $ETH (~$280M) are locked because of the Parity bug. The new Parity multisig wallet has a bug that let someone accidentally nuke every single wallet to become not withdrawable. A hard fork might be required to fix the bug. Edit: Here is the list of frozen addresses https://gist.github.com/banteg/f61d256d12158b8c344d7889266f43b5This is the current news I am reading in every crypto group I am joined in. And yes, apparently, the only solution to this problem is another hard fork to free those locked accounts. This is bad for ETH but fortunately it is not yet reflecting on the price of etherium. Maybe every eth users is already used to the fact that every now and then bugs appear to eth and already used to eth hard forking. |
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That is the strength of a decentralized cryptocurrency, it cannot be controlled, banned or stopped. It is a myth that governments can stop bitcoin, this is a good example. Aside from over the counter transactions, a decentralized exchange can also be created to combat closure of centralized bitcoin exchanges.
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It is the risk you have to take doing bounty hunting. So it is best if you choose the projects you join wisely especially if you are doing signature or translation campaign. You will be stuck for a project for a few months to get scammed in the end if you just join without knowing the project first. It is best to join projects that have a business already in place and looking for expansion rather than start ups.
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I am invested in nem, eth and waves. I think this three have bright future and will be as big if not bigger than bitcoin in the next 5 years. This three are long term investments and perfect time to buy this time because the price of bitcoin pushed the price of this three down.
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I have been using mew for quite some time right now, and honestly I can say it is safe. But we cannot deny that lately it have been a target of phishing attacks using slack and other messaging apps. If the person is not well versed in protecting their private keys or verifying the links they are clicking, their eth wallet will be hacked. But that is not the mew's fault anymore, but a user's.
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