Many times we hear on various telegram group chats that investors are blaming bounty hunters for price dump. So are the hunters really the cause of this red moments or investors are also part? In fact I have been in bounties that before hunters were paid, prices had dumped real bad. Some also had good prices after bounties were paid. I'm sure if we should create a list for that, we'll see a lot of surprising list of projects that investors dumped their own coins. I think we should all stop that blame game and keep the market and business alive.
Almost all projects see Bounty participants as a price dumper but this is not true. Bounty rewards are too low to affect market price at all. Although its agreeable that 80% of the participants try to sell coins the day they are awarded but it doesn't mean they pull price down. If coin is good and has big market then such selling is easily neutralized. Bounty Participants too want to earn good, why will they sell at lower prices. I personally never try to get rid of rewards, I always wait for right time. So projects need to understand that Bounty Participants are worth respecting because they are true pillar for them and serve big part in success of ICOs. |
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Hello all members! I am a bounty hunter, as well as many of you   And I heard that bounty hunters dump the coin price at the ico end. So I was wondering, if the team doesn't want its coins to be sold on exchange date and thus be dumped, why they reward bounty hunters with their token, not FIAT. Because they anyway accept fiat for selling the tokens, so the coin won't be dumped by bounty hunters, and bounty hunters are satisfied too. Because those who need money, they have it, those who want tokens, can buy it at exchange etc. It requires zero money to create a token so it is always easier for projects to apportion a part of total supply to bounty hunters than giving FIAT because no one can guarantee that ICO will actually raise anything. However not all projects do this. There are several projects that spend FIAT or Bitcoin/ETH for bounty marketing that even before raising anything. So now it becomes a parameter to determine whether a project is really serious or is it just another shit token project. If projects spending money on marketing then its of former kind but if it just spending its token that mostly it is of latter kind. |
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One of the basic fundamental of cryptocurrencies is decentralization. When we say decentralization, it isn't limited to authority and ownership of Bitcoin. It also implies that Bitcoin is free from power-concentration. There is no provision on the basis of amount of Bitcoin held, everyone is equal here and has equal chances to use every resource and exchange no matter what amount of cryptocurrencies is owned by him. Such path-breaking revolutions are always on hit by the big names of old paths. Bitcoin is no difference. This entirely new concept of investment has almost over-shadowed returns and volatility of Stock Market. So there is no wonder why he hates it.  |
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I tried to open many threads as i am turning my head away from those non sense post but most of the times i do not have a choice but to discuss also with them. Now i hope that this thread will reach out to those people who are always posting nonsense thread and think of a post that is constructive where we could have an active discussion regarding a topic that is not boring.
Signature campaign has made this forum looks like shit, no doubt! Hundreds of threads (nonsense threads) with thousands of replies (ultra-nonsense replies) are posted on forum every month. But it doesn't mean Bitcointalk is entirely loaded with spam and shit. It is most productive resource for learning everything about cryptocurrencies no matter you are beginner investor or advance coder. Best way to find best from this forum is by searching topic of your interest about cryptocurrencies on Google and add bitcointalk in the end of Search Query and it will bring best topics from forum on Search Result. |
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What do you think vendors who accept cryptocurrency as payment (for non crypto services - just your everyday coffee shops & retailers) do with the digital assets - HODL VS SELL? Its easy for traders and independent investors to hodl and stay put during the volatile times. But businesses have monthly expenses to upkeep id imagine it is very hard for them to stay operationally stable if their main source of revenue came from a highly volatile asset; 10 cups of coffee are worth 50$; the coffee is paid for in BTC, two days later the same BTC is only worth 30$ and they just lost 20$ on the sale, i could see this being very problematic in the efforts to increase the mainstream adoption of cryptocurrency.
Bitcoin Payment is still not a develop mode of payment. In stores payment is almost zero due to long confirmation time, we can basically see such payments in internet services via CoinPayments, etc gateways. This indicates that only those businesses accept Bitcoin payments who have basic understanding of Bitcoin, so in my opinion they only favor Bitcoin payments because they like to generate passive income from reserves. So YES, they usually HODL. Secondly, it can also depends upon the time and circumstances in which they receive payment. If they received in bullish market and made profit from HODLing, they might hodl their future receipts too. Whereas if they faced loss from past HODLing, they may instantly sell Bitcoin received as receipts. |
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My experience is that people are buying when the market is bullish. When the prices are rising day to day basis. People buy even at very high rates and do not fear buying at high prices. Under those conditions ; many holders which are long term investors and have bought the coins at cheap rates in the times when the market was low say one year back (e.g.). They earn huge profits by selling their holdings at higher prices. Their profits earning news spreads here and there and hearing unimaginable profits earned by old investors; many new members enter the markets at that time. Presently the market is running under the bear phase. The prices are falling. Market is not finding buyers. In each and every corner of the market there negative are sentiments. Many members predicting the prices to fall to unimaginable low levels, which I think will never prove to be true. Now my opinion is ; shall not we think over the issue of swimming opposite to the current of the river. i.e. when the prices are falling and prices are very low; why we shall not buy under current prices? Entrants / investors at current prices will definitely be the gainers in a year or two. I am sure; Are you too?  There are lots of investors with different perspectives and different views. Not everyone is induced to buy during boom period. Several smart investors do invest in bearish market too and make lot of profits in long run. There is nothing like swimming in opposite direction because Bitcoin market is not like other markets. In Bitcoin market if we see that it fell by $500 in last 7 days, it doesn't mean there was a constant fall over 7 days. Bitcoin is very volatile market and even though overall fall was of $500, it may fluctuate $100-200 every hour. So most of the investors in Bitcoin are in for day trading and focus on rates every hour than choosing to buy/sell by looking pattern for longer period. |
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Being merely an instrument of speculation doesn't fade the future of the Bitcoin. Let's take the example of Gold! The shiny piece of metal has very less real world use but its value has risen over century dramatically due to speculation. Same may happen to Bitcoin and new investors may start investing in Bitcoin in near future if it comes up solely as a mean of investment. The unclear status of Bitcoin as of now is more disadvantages than proud recognition of it as a speculative investment. I cant really consider for Gold to be compared with Bitcoin when it comes on its current standing. Gold is just mineral but we do know its value and it do have a physical form which it is somehow considerable compared to BTC which its just a digital currency with have a anonymity and decentralized feature then its somehow anticipated that this wont really be easily considered to be legal in all means. Becoming a currency? No it wont happen. Though BTC is in digital form but still its not a Word File or a Powerpoint Presentation which could be easily deleted. Bitcoin is backed by a mighty technology of Blockchain and any data once recorded on Blockchain can't be deleted or destroyed. So BTC is much more safe than what we thought due to its intangible existence. It is interesting that we have so faith in our existing currency or what we call Paper Notes and coins but in reality, currency form of money has no actual existence at all. What we have in our pockets and wallets are nothing but the promise of government and central bank to pay owner of notes the sum. That's so after the introduction of Internet Banking is replaced by digital record of such promises. So in actual money is no where. As compared to current currency system, Bitcoin is hundred times more safe to use. Hence it do provides ownership and value. |
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Nice data!! I think year 2017 has been a great milestone in the journey of cryptocurrencies. After 10 or 15 years from now when we analysis the history of cryptocurrencies, surely 2017 will be the year showing enormous rise in usage, inflow of cash, prices, ICOs and everything. Along with European countries, Bitcoin and other cryptos are now on the path of becoming household names in Asian and other third-tier countries too. There is a significant rise in number of exchanges and money invested in cryptocurrencies in countries like China, India, Korea, etc. Here is one of the video showing how Bitcoin is empowering citizens of African countries like Uganda and strengthening World Economy : https://youtu.be/BrRXP1tp6Kw |
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There is no tomorrow for Bitcoin markets, hence there is no highest, no lowest for Bitcoin. The fate of Bitcoin's price is decided by millions of investors around the world every second. So instead of asking others, ask yourself do you think Bitcoin is worth to believe at $6,100 because Bitcoin's prices are nothing but fluctuating trust of people on Bitcoin. So if majority of people now think Bitcoin is a commodity worth of $6K then yes, we hit the lowest and ready to fly with increase in trust in upcoming days.
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10/ Never buy coins at their all time high price.Don't buy coin at their high price, wait for dump and buy at deep.
This is very interesting and important point. Most of the time, people see a coin with 80-100% rise and buy it but next thing they notice is that coin is down by 20-30% very next day. Instead of selling, they keep holding and value falls further. This instinct is known as FOMO and in 9/10 case it brings negative results to investors. So it is better to be safe and earn low than try making profits on rising coin because pump in crypto world is very short living due to high volatility and price manipulation. |
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Most of the altcoins I've bought have under performed when compared to Eth/BTC. I'm a long-term believer in COSS, however. With COSS you get paid out dividends collected from the site's transaction fees. I'm really hoping their site takes off and starts paying out a lot more. If the exchange grows as much as other exchanges, it can be a very profitable crypto to invest in.
COSS started as very promising alternative to regular exchanges by using the concept of reward based on the amount of COSS token held on exchange. Due to fascinating concept, it first raised $5-6M, then gathered users on large scale and then value of token rose 4-5x. But after the intro of DEX like IDEX, use of platforms like COSS diminished. Main reason for that is the withdrawal fees charged by COSS to compensate COSS holders is very high. So I don't think it is wise choice to go for COSS now. |
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In my heart there are a few questions that until now have not been solved or maybe from other members there are also like me. my question is why the price of some crypto from one exchanger to another is different, for example coin A in binance 2$ and in one of the other exchange coin A is 2.1$, it's a little bit difference, whereas coin is same, it should be coin same price must be the same.
what's your opinion all about sir?
There can be several reasons. Reason 1: Suppose there are two exchanges A and B. On exchange A, volume is high and there are many buy/sell orders. Meanwhile on B, volume is negligible and only 2-3 trades happened ever. Price of coins are usually the last price on which order has been filled. So price on A will be genuine since many buyers and many sellers represents true prices. But on B, price may be high or low due to manipulation on those 2-3 trades or maybe those trades were done 1-2 days before. Reason 2: Many exchanges don't let you sell beyond few decimals like Binance, HitBTC. Hence, decimals in case of cryptocurrencies may brought difference upto $0.2 |
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It is fun to see how a downtrend in the market could shake up a lot of persons and turn down on their own investments. This is what separates the real investors from the fake ones as a bear market should be seen as an opportunity rather than what we are feeling now. And of course with this bear market we are seeing a lot of bad news as if they are not contributing to the progress of adoption of cryptocurrencies. A bull market can save us from the lack of progress we are having hopefully we will see it soon.
Even if we see a bullish market, it will only be a temporary phenomenon. Speculation in the cryptocurrency market does not stimulate the growth of popularity of cryptocurrencies. I feel like this is going nowhere. Bitcoin should get another use. Without it there will be no future. Bitcoin must become a currency or die. Being merely an instrument of speculation doesn't fade the future of the Bitcoin. Let's take the example of Gold! The shiny piece of metal has very less real world use but its value has risen over century dramatically due to speculation. Same may happen to Bitcoin and new investors may start investing in Bitcoin in near future if it comes up solely as a mean of investment. The unclear status of Bitcoin as of now is more disadvantages than proud recognition of it as a speculative investment. |
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I watch a lot of information on the television talk about bitcoin (mainly the news about the bankruptcy, the bad side of bitcoin). On the other hand, I read a lot of online articles about the benefits of Bitcoin. What does Bitcoin offer the user?
Bitcoin provides a secure most way of doing online transaction. By using API and building payment gateway for Bitcoin is safer than Net Banking or any other way of payments like Debit Card, etc. No worry of information leaking, bank fraud or anything else. Thus, cryptocurrencies are actually Money 3.0 and if used in a right way can solve various financial issues across world. |
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Ok, prove me wrong.
Here I state that a bear market, which is a prolongued (3 years +) correction of crypto prices, will never happen reason being the occasional bursts of tether issuing which is something nobody can police.
Add to this the fact greed never dies and stockmarket doesn't provide the gains todays young people demand: kids want adrenalin and lambos not fuckin retirement plan.
Believe me printing of Tether has nothing to do with bullish market. No doubt, whenever new Tethers come into circulation, prices of BTC and other alts increase but it is not the sole reason of BTC rise. Bitcoin even see bullish trends when other news and happenings come. Linking bullish trend solely to TETHER is wrong judgement. |
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With over 3 Million client, the exchange platform announced to stop deposits and withdrwawals to rupi and usd due to regulations.
This screenshot was supposedly taken at the moment of the announce.  So if Zebpay with 8 million trade has 3 million clients, it must mean that Okex has about 500 million users Zebay had 0 influence on the price, for such a small exchange to trigger a nearly 1k drop is impossible. Sorry to tell but you are wrong in your analysis. Zebpay app has over 3 millions downloads in India and it is the biggest exchange in India. The reason why volume shows up less because users instead of putting orders in book, mostly sell at the price of Buy Orders so these ain't count in Volume. Now coming to dump. Immediately after the announcement mentioned in OP, price dumped $1600 (100K INR) on Zebpay. It also affected other Indian exchanges where prices fell by $300-600 on average. Even after 2 days of announcement, prices in India still aren't recovered and prices on Zebpay are around (-)15% of price before announcement. |
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I believe that the main problem of bitcoin is the lack of relevance of its status in many world states. The absence of legality hinders the growth of the price of the main crypto currency. The unresolved issue of regulation does not allow investors to make major contributions to the development of this coin. Once this problem is solved, for bitcoin, the path to further growth will open.
The absence of legality brought us to $20,000 from $0.10 in 9 years, I am sure that it can easily surge much more than $20,000 if it continues to be out of the radar of governments and regulations. The main reason why Bitcoin took dive downward by 70% is due to increasing pressure by governments on its use. For example, Indian Central Bank has commanded banks in India to stop giving services to local exchanges, henceforth Indian prices fell by $1600. So it is better for Bitcoin to remain outside the legal status and move freely in unregulated markets. Only this can ensure its stability in long run. What actually requires regulation is ICO and anonymous raising of money via ETH and other cryptocurrencies. |
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these days we keep seeing how these throw away accounts here are warning you to sell your bitcoins and how you will lose money,...
you have to wonder why they are so worried about your money and don't want you to lose it so they are telling you to sell your bitcoins LOL.
you gotta ask WHY? what's in it for them if you sell.
i am not saying you should hold. i just want to raise the question that you should have been asking all along about those who create multiple throwaway accounts every day to say the same thing over and over again...
I think people falling for those posts are more of the problem than those posting them via new accounts. Negative publicity isn't a new thing on forum. While lurking around the posts of 2014, 15, etc, we can see members more often posted such posts when prices are down. But if recently such posts are really causing trouble in market, it means we have gathered lots of rookie investors after 2017 surge. They need to know selling Bitcoin at cheap ain't gonna dispose off Bitcoins. Number of Bitcoins will still the same, they are just giving away chance to earn profits to others at cheaper prices. |
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Do you really think users are doing Price Manipulation just because few of the exchanges offering zero fees trades. Well, I am not convinced of this. As far as trading fees is concerned, I never seen more than 0.5% fees on any exchange (most of the exchanges have 0.20% - 0.25%). So there is hardly any difference that 20 cents on $100 make when users are doing manipulation with the view of pumping/dumping price at least 5-10%.
I strongly feel there are more than one reasons why Price Manipulation is outgoing at high pace in crypto niche. As far as exchanges are concerned, according to me biggest reason of manipulation is Trade Bots. Did you try putting order on exchanges like HitBTC and Cryptopia and as soon as you put order, 2-3 sell orders at price 1-2 sats lesser than your appear? And if you try to remove your order, those orders also get disappear. Such malpractices are more prominent reason for Price Manipulation than zero trading fees.
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