It would be safe if you are accessing the right site. It is a decentralized exchange so if you need to import your wallet then you need to provide your address and private keys. It is just like etherdelta wherein if you need to trade then you just import your wallet and then deposit your coins there and then trade. IDEX is a lot better than etherdelta though in terms of interface but then it has low volume so many people are still trading in etherdelta. If you don't want to compromise your main wallet then better create a new one and transfer your coins there and then import your wallet so that your other coins would be safe.

If you zoom out then you will realize how bitcoin increase in the past years and even just last year if you invested in the earlier months then you would be in profit. There are many people though who only joined crypto recently because of the hype and bought above $10,000 so most likely they are at a loss if they decide to hold it for a long time and did not trade to add more coins to their portfolio. They are in panic mode now because some even borrowed money just to invest in crypto and now they are having problems because their portfolio is down maybe 50% and the bill is right there waiting to be paid.

FUD after FUD and we are back to where we are few months ago. This is why "invest what you can afford to lose" is there to remind every one that if you can't bear to lose it then don't put it in a high risk investment like crypto. All markets has a cycle and we are in a bearish period now so you should always have a back plan in case your plan in crypto didn't work out as what you anticipated. Multiple source of income is the key.

It may be cliche but "Invest what you can afford to lose" should always be applied when putting your money into something. Cryptocurrency investment or trading is risky and you should not use money you don't have. Obviously when you use credit card to purchase crypto then you cannot afford to lose it so the banks are just protecting their businesses because of the increasing percentage of people who are using it to buy crypto and there is a possibility that the borrowers would not be able to pay it if they lose the coins whatever the cause may be. This is also a protection for the people to not be swimming in debts when the trade doesn't go their way.

I hold my bitcoin but I have some that is for trading. There are still many opportunities out there even though the market is down. It is the best opportunity to buy because prices are down so it is like a sale and if you already bought some of your favorite coins then it would be the time to average down so that when price reverse, they would be in the green again and you will have bigger gains. If you entered early in the bitcoin scene then most likely you are still in profit but if you entered late last year then most likely you are at a loss now so just hold and then maybe buy more if you have funds to average down.

I use myetherwallet because it is compatible with ERC-20 token and most of the ICOs now are ERC-20 so it would be the perfect wallet for me. You have to be careful always though if you visit the website because many sites copy the interface of myetherwallet so that they can phished from others and they have so many victims already. Bookmark this link https://www.myetherwallet.com and as much as possible do not search the site in google because most likely it is a phishing site if you are not careful. A simple dot below a letter will look like the legit site but it is not. You may also received some e-mails informing you to update or upgrade your wallet but do not ever click the link because it will just bring you to a phishing site.

Yes we can survive without it. It maybe hard to imagine it now but when some day another coin would take over its position and eventually bitcoin would lose its appeal to people then we would be able to move on. Bitcoin has started it all and we cannot ignore the fact there are other coins that are fast, has low transaction fee and some don't even have fees but they are not even near the spot of bitcoin because it has the advantage of being the pioneer cryptocurrency that's why it has many supporters and it has real world usage as well which many of the coins don't have yet. When another coin gets the support of the people then it would be able to take the spot of bitcoin.

As the price of bitcoin goes down, many are expecting that the price of altcoins would go down as well because most of the altcoins are traded with bitcoin as base coin so to protect themselves from further losses, they would decide to sell their coins and maybe trade it with fiat to buy back lower and for those who couldn't take it would just totally leave the crypto scene.

We had seen that at the start of the year, the price is continuously declining and many are anticipating it because of the sudden rise in the previous months so for those who have been in crypto for a long time, they have already cash out and for those who just entered recently experience their first heart break with crypto so panic sell happened and fear was sustained because bad news come altogether that's why people have bloody portfolios.

Just think of it as a sale and buy more so that you can average down or if you don't have funds anymore then you can hold and wait for it to go up since it is slowly recovering.

It's because some people just don't want to do the hard work but instead make their money work for them even though there is a small profit. Some just want to have a passive income because they are busy with their other jobs so investing in cloud mining would be one of the ways to have multiple source of income. Some people don't know how to mine themselves so they invest into someone else that has the tools to mine and then wait for their share of income. Some maybe are just starting venturing into cryptocurrencies and don't know where to put their funds so they start in cloud mining.

Yes it is! There are coins that increase 100x in just a year or it doesn't even take a year for some and with your $10,000 you can be a millionaire just by holding it. Sometimes you just got lucky because a coin may rebrand and then after it rebrands, another developer takes over and then make their projects successful. Antshares which rebrands to Neo made some people millionaire. There are also ICOs that are successful and since its developers are very active and many investors believe in it, 100x has been achieved.

You may also check this thread https://bitcointalk.org/index.php?topic=2711991.0. Maybe you can find some ideas there.

If you don't like it then don't do it. Each one of us has its own taste so if you don't like something then there would always be others who would like it. Personally, I like day trading because I like the adrenaline rush that I feel whenever I trade and I like learning something every day. There may be times when I am force to hold a coin for a long time because I am still not in profit but if I can see a way for it to be sold with little profit then I would do it because crypto is so volatile so there would always be a chance that the coin I bought will suddenly rise with a news or maybe a group pump it.

Holding a coin for a long time that you think has a potential to go up maybe favorable but I don't like the feeling of being stagnant with nothing to do that's why I prefer day trading. Yes I may lose at times but it is part of the process of learning.

People are always focus on negative news because they are afraid of losing their money so they are always on alert when a negative rumor or news is spreading. The recent FUDs all come together to push the bitcoin price down because the whales are spreading it so that they can accumulate more. If you can see in the previous days, the shorts in bitfinex jump up that drives the price lower and it is the whales or institutions doing it, later on when they are out of steam, the fear still remains because of negative news one after another that's why it goes lower and now, when the issues are clear, the price is slowly creeping up.

Bitcoin’s brutal start to the year is proving especially painful in South Korea.

While prices for the cryptocurrency are falling on major exchanges around the world, nowhere have the declines been faster than in Asia’s fourth-largest economy. The losses have erased a 51 percent premium for Bitcoin on Korean venues, sending prices back in line with those on international exchanges for the first time in seven weeks on Friday.

The so-called kimchi premium had been so persistent -- and so unusual for a large market -- that traders named it after Korea’s staple side dish. While its disappearance is partly explained by selling pressure from arbitragers, it also reflects a dramatic reversal of sentiment in one of the world’s most frenzied markets for cryptocurrencies.

Bitcoin has tumbled more than 60 percent from its high in Korea after the country’s regulators took several steps over the past two months to restrict trading and said they may ban cryptocurrency exchanges outright. Policy makers around the world have been moving to rein in the mania surrounding digital assets amid concerns over excessive speculation, money laundering, tax evasion and fraud.

“The bubble in crytpocurrencies has burst” in Korea, said Yeol-mae Kim, an analyst at Eugene Investment & Securities Co. in Seoul.

The kimchi premium began shrinking in mid-January as fears of a regulatory clampdown escalated. Selling by arbitragers -- who have been buying Bitcoin on international venues to offload at a higher price in Korea -- also played a role, although the country’s capital controls and anti-money-laundering rules made it difficult to execute such transactions in bulk.

Bitcoin traded at about 9.1 million won ($8,449) in early Korean trading on Friday, according to a CryptoCompare index tracking the country’s major exchanges. That compared with the $8,601 composite price on Bloomberg, which is derived from venues including Bitstamp and Coinbase’s GDAX exchange. When the kimchi premium reached its peak in January, Bitcoin’s price was about $7,500 higher in Korea.

The country’s cooling frenzy has been reflected in declining activity on domestic exchanges. Data compiled by CryptoCompare.com show that volumes have dropped by about 85 percent from December highs.

Read more here: https://www.bloomberg.com/news/articles/2018-02-02/bitcoin-s-huge-arbitrage-play-just-vanished-as-korea-bubble-pops

The same amount of money but then there is a difference of how you acquire it. If you have a $1M fiat money then it may be from your retirement pay, from a business, from other investments etc. and somehow it involves hard work assuming you got it from your own business or from your retirement so you wouldn't risk that much to put into something that you don't know yet the risk. I would just put maybe 2% to test the market and then after that, if I understand the risk then maybe I would top it up.

If I made $1 million in crypto though, I would have been in the market for some time so I would know the risk involve so I would cash out half of it because a $500k capital is even big enough for me. Even a $100k is big so depending then on the potential investment opportunities that I can find how much would I left in crypto. I would like to have multiple sources of income and knowing the volatility of the crypto market, I would make sure I have pull out my initial capital and then some profits from it.

That's a great explanation right there OP! If there is an organic growth wherein the growth in price is not that fast then the correction should not have been as fast as it is right now or it may not cause a lot of panic selling. Due to the entrance of a lot of people into crypto world in the past months who panic buy because they don't want to be left out without even knowing what the real purpose of bitcoin is or what is blockchain technology, nowadays they panic sell because they just can't comprehend that they are down now by 20-50% so as a result, they tremble with just a negative rumor or news causing a snowball effect.

Sooner or later, the market will reverse and then there would be a FOMO again causing a meteoric rise. I hope though that it would be an organic growth this time but in crypto world, when a coin gets attention, it would just have a meteoric rise again.

There is always a possibility that it may happen because history repeats itself but there are always exceptions and this maybe it. The difference between 2013-2015 and nowadays is the volume of people getting into crypto and the adoption of it. There are other factors as well such as the bitcoin futures and then negative rumor or news and various forks. The situation is different so there may be a difference of pattern before and what will happen in the future. What we should do is just to manage our risk and think of ways in case the worst case scenario happens.

I am starting to see some people posting that they should withdraw their coins now and then focus on other things not crypto related. Some are in panic while others are just waiting to inject some funds again if they see a sign of market reversal. I think this is one of the signs that bear market is almost over?

I agree. There are times when you will be able to make a lot of money because of FOMO but because of greediness, the ball will roll and you will be at the bottom again. Cryptocurrency trading is a hot topic nowadays so many people are getting excited joining in without research which is the very definition of FOMO. Because of this, those who bought at the top are now feeling miserable because they don't know what to do causing that market to suddenly crash when there are bad news because they are afraid of being trapped again. There would always be panic buyers and sellers which results in a volatile cryptocurrency market.

The featured coins looks like lacking one more because it is not centered.

You can add some boards in your forum like what is in here in bitcointalk because later on, all post will just be in one place so it would be cluttered. It would be easier to find a topic if there are separate boards.

For the top risers and fallers, what time frame is it base on? Is it 24 hours or 1 hr? You can also put it above so that people will know what time frame it is.

You can also add in what exchange the coins can be traded.

Bitcoin is half the price compared to its all time high so if you have some funds now to buy bitcoin then do it because sooner or later, bitcoin will go up again. If you look at the history yearly, around this time bitcoin is low and maybe if you look back after a few months you would just wish that you should have buy more of it. If you want to store it for the long term then it would not matter when you would buy because if you believe it would have more value in the future then you wait for the time when it surpass all time high again. If you want to increase your holdings then maybe try trading. Trade with altcoins to increase your bitcoin holdings.

Those phishing sites usually appear in the top ads of google so if you always use a site, always bookmark it especially if it involves money because these sites are usually the target of phishers. There have been many phishing attempts every where whether it is in e-mail or in google so we should always be vigilant when it comes to sites and triple check the URL. MEW has a warning always at the top because there are so many victims of being phished copying their site. There is a chrome extension called Cryptonite by Metacert. When you access a site, a green bar appear at the top if it is a verified crypto site. You can search it in the chrome webstore.

There is no such thing as guaranteed profits unless you know what will happen in the future. It is just all speculation so even if you bought at $10,000 and say you already have guaranteed profits then it is just not right to outright say it because anything can happen. Do not call dumb those who bought at $20,000 because their intention may be is to hold it for the long term but is is certainly a bad news for those who just intend to profit for the short term. You can buy more OP now because price is lower than $10k now. It seems that your celebration may be delayed for quite sometime.