Only 2% of my money are on exchanges. its just a question of time, when Bittrex will the new no 1
and be the next target of ddos , hacks and fuds. It seems that is getting to be the cycle. Every exchange that is getting on the top is targeted with ddos and hacks. I hope the next no 1 exchange handle this problems gracefully. |
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I don't expect it will be pumped again. everyone has been selling at high price. but after the network of bitcoin cash is currently more stable, everyone is free to deposit and perhaps prices could just be continues to decline and people will continue to throw it away
The only ones who will pump this coin are those who initiated this fork, that is if they really believe in it's tech and that it is the solution to scaling problems. We will see if they will revive this coin when it hits the bottom. |
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As expected. Now that exchanges are open for deposits, bitcoin hodlers are dumping their bch. Thus, the price of bch is still falling. It may still fall further down the ladder. Let us see what will the supporters of this coin do after it hit the bottom. It can still revive if the supporters are really into it.
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So I've been involved in Bitcoin and crypto for about 5 months now and just about everyone I tell about it being friends and family most have never heard of it or the few that have they have no understanding of it so I was just curious into how others explain it all to total newcomers is their a webpage or video you may show for an easy understanding to explain it all ? Whenever I give my explanation it seems to go way over their head  Cheers Do not bother explaining bitcoin to others if you yourself do not have enough knowledge about the ins and outs of bitcoin. They will just ask you questions that you will not be able to answer and instead of getting them to join bitcoin, you'll just drive them away. Have enough knowledge about bitcoin and you will be talking it to them that is easy to understand. |
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I cannot disagree with you since when I opened my exchange account I was surprised to see a 0.04 bcc on my balance. I was a little bit disappointed since I just removed my btc balance out of the exchange. If only I did not remove my bitcoin then I could have gain more bitcoin cash and earn more profit. BItcoin cash is really cash since the moment I sold my free bcc I have earned an instant 20$. Its not that quite big but at least I have earned something out of the blue. The price of Bitcoin cash is now going down since it has not been distributed yet and I am sure thos who got their bcc free will surely dump them at the exchange following the falling trend of bitcoin cash price.
I cannot blame you on that move, you have to put your bitcoin into safety during those times. I did the same, so I do not have any free bch. This bitcoin cash does not only gave us free cash but also pushing the price of bitcoin up because bch is flowing back into btc. |
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It is nice to hear that they will give the users their bch. I just hope they enable withdrawal immediately so that those who want to dump their bch can dump it before the price plummets.
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I think i read in their twitter that they will not help anymore if you send bcc to btc address or vice versa. but you can still try emailing their support or filing a ticket. Good luck.
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So I'm actually facing this dilemma at the moment. I made three investments in three coins at poloniex.
Now all three of those are down more than 100% of the value that I bought them for, so I guess I got no options but to wait it out. It may take long time to get back to the value where I don't lose too much, but that is the only option I have.
Have you experienced anything similar in your tradings? How do you deal with such situations?
I don't think that is the only option you have! You should hold a bit as that same coins may be in profit . An altcoins expert article I read Online said "no coin is dead" and that one day those coins will return To the distribution angle of the trading circle and you can sell at that point with joy. You are not the only one on this many professional traders do has such investment time to time. It could be that he is a victim of pumped and dumped coins cause it is almost impossible to lose all its value that fast unless it is shit coin. He can scratch it as a loss or he could try to hype and pump the coins he is holding so he can pass it to another bag holder. |
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it is hard to predict for the price that far away. there is so many variables that could make or break bitcoin like the upcoming hardforks. wishful thinking, i hope for over 25k, but i would be very satisfied if it even reach above 10k.
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there has been some tries to break 3000. i think bitcoin is ripe to go above that now that the fork is finished. when people are done dumping bch and start buying btc, the price will soar up once again. i hope.
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There is a possibility that there will be a massive dump from bitcoin holders when deposits are already open in exchanges. It will take some time before we can properly speculate for this coin.
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It is a bad idea to buy bitcoin cash when the market is not yet open for deposit. It will still be a wild ride until the deposits are open. Some bitcoin users who stashed their bitcoins on offline wallets are eager to dump their bch/bcc and are just waiting for exchanges to open their deposits for bch. There will be more bad news for op when it happens.
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A lot of negative things have been said about bitcoin before, and maybe a lot more will be said in years to come. Does it matter? To those who does not know the technology, yes. But to those who is well versed with bitcoin, it does not.
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Your wallet can have the best security but there will always be the weakest link, which is you. You can be prone to social engineering, phishing and other attacks that can risk your bitcoin.
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I am just glad the price finally recovers after a week of dropping. Whether the drama is over or majority is buying up after it fall below 2000, it is just good to see the price above 2000 again.
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If you can properly sort out the news from the fud and hype, this forum is a good place to start learning about bitcoin. I learned a lot from here. And do not judge the information because it came from a newbie, there are lots of hero and legendary members trolling the forum as well.
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Nope. I will just hold on my coins. I did not sell when it is going down, definitely will not sell when it will go up after the hard fork.
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According to research if bitcoin reach its limit, it will be disappear but it doesn't happen already so don't worry. I think devs will solve the problem to extend.
Where is this answer coming from? I wonder what research paper you read because it is definitely not in bitcoin's whitepaper. One of the options now is to develop bitcoin. In the future there is an issue stating that there is a new type of bitcoin that will be outstanding. But it is still limited to requests from several communities only. We'll see later, but I still like the bitcoin that exists today. Changes can sometimes lead to good, but sometimes can make things worse.
That is an altcoin not bitcoin |
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If you have immediate need, sell it now while the price is still above 2k. Otherwise, my advice is you to hodl and wait for the effect of segwit. Most people here are predicting that the price will surge after segwit activation, it might happen. The price may drop a few hundred dollars more because of fud in route to august 1 though.
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Bitcoin price is mostly influenced by fud and hype. If you are hearing more fud then the price will drop. You can't predict how low it will go but you should buy while there is lots of fud going around because if you start hearing hype it might be too late to buy.
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