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Author Topic: Why I hate all forms of Altcoin and possibly hate cryptocurrency  (Read 321 times)
kostepanych2
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January 23, 2019, 08:23:37 AM
 #21

Just leave your garbage on Binance if you don't actually care for the project/what you can do with it.
I think it's not a good advice...
Binance can also be hacked as it was happen with Cryptopia...
Good advice is: when you invest money in some project, you have to track it...
ereborltc
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January 23, 2019, 08:32:47 AM
 #22

The risk of investing in cryptocurrencies is relatively large, and you must keep an eye on the development of the project so that you can make the right decisions in a timely manner.

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amaterazu
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January 23, 2019, 08:33:18 AM
 #23

I think you entered this crypto world without consideration and knowledge. All jobs have risks, especially those related to money. Crypto has a huge risk and you must be careful before doing so.

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Herbert2020
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January 23, 2019, 08:35:26 AM
 #24

your only problem was having high expectations, that's all.

if you lower your expectations and start looking at altcoins more realistically then you will be fine. 99% of the altcoins have 0 long term potential. i have been saying this for nearly 5 years now but people seldom listen and still "bag hold" and then complain about them. but all the altcoins can have awesome short term potential. so all you have to do is to only get involved with them during that short window of opportunity and then make your exit before the dark days of dumping begins.

right now, you have gained a valuable amount of experience. granted you gained it the hard way and paid for it big time but you gained something that is worth a lot: experience. and that can help you in the future to not only make what you lost back, but also make a lot more profit only if you learn from your past mistakes.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
Zero1One0
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January 23, 2019, 08:48:08 AM
 #25

You need to be able to access your crypto wallets or exchange via mobile.
A lot can happen if you are gone for a month or two and it might result to lost of funds.
Minimize fiat exposure as well that are being converted to crypto asset.

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January 23, 2019, 08:50:58 AM
 #26

Bro thats cryptoooo, you can't take your eyes off of it
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January 23, 2019, 08:51:50 AM
 #27

Sounds like OP probably should have saved his private keys somewhere. Its likely he can still get them out of the old wallets, should probably look into that before punching a hole in the wall.

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Levyathan
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January 23, 2019, 08:55:03 AM
 #28

All the forms of Altcoin were used only for trading, but some of them can be considered as a reality coin which can be used in the real world.
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January 23, 2019, 09:30:07 AM
 #29

You spend your hard earned money, you spend your saving on these risky investments.
You do everything to the letter, download wallets, keep all passwords safe, you research exchanges so you don't get conned.

Then these FUCKWIT developers CONSTANTLY do snapshot and change wallets.

You go away for a couple of months and you come back to find out that you can't access any of your altcoins and that your hard earned money is just simply GONE!

I refer to IOTA, EOS, SHIFT. I owned sizeable amounts of each and now my money is just GONE.

 Huh Why bother with thisFRAUDULENT SHIT. 

Damn that is not good did they not announce that they are going to make a shift, there should be a time frame and it should be long enough for all holders to know this, that is why it's important to open the telegram channel and get the latest updates even once a week.

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January 23, 2019, 09:34:31 AM
 #30

I think you acted carelessly when you left everything for a whole month without tracking the information, as a result you got such a result!
HippiePyro
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January 24, 2019, 07:46:05 PM
 #31

You should not be investing your saving in anything if your not prepared to lose it. You should not be investing at all if your not prepared for the upkeep. Even with Fiat, if you leave your money with a bank or anyone, you risk it.  It's sad that you have lost your money, but you have no one to blame but yourself.
TheToadStoole (OP)
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January 24, 2019, 08:10:54 PM
 #32

I can clarify that I have got access to my IOTA wallet. IOTA not scammy and great because they take care and respect their investors.  Grin Amazing though that so many people here are willing to accept a "go fuck yourself" attitude when investing. Protecting wallets of dormant users should be a priority also.  Huh What if you went to jail for a year you lose all your money or your parents are cross and ground you from access to internet for a year? you lose all your money. Too easy.

I think I can get access to my EOS I haven't bothered to try yet cos I've only 500euro invested but should be ok, i will clarify in due course.

Shift however I think from a general look I won't be able to access my coins but I didn't invest much there cos I suspected they scummy.

Remember if you accept these standards now of losing wallets on a whim then continue that course and crypto will never be main stream.  Roll Eyes

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CaMeRoNy
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January 24, 2019, 08:21:14 PM
 #33

I agree with you to some extent, but on the other hand, no one forces you to invest in cryptocurrencies, so the entire responsibility is only on you. You have decided to invest in cryptocurrencies waiting to make money, but it is not always possible.

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January 24, 2019, 08:43:05 PM
 #34

I do not understand where you store, I see the coins that you buy are all big altcoin in the market. It cannot disappear like that, because users only need to use private key or json and pass to be able to access their wallet
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January 24, 2019, 08:44:29 PM
 #35

Personally I have no hatred for cryptocurrencies, and I prefer to follow the development and all the news, each of my coins / projects, so that there are no similar problems like yours, especially if you have a large number of coins. Therefore, I believe that the safety of our coins depends on us.

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January 24, 2019, 09:43:47 PM
 #36

Personally I have no hatred for cryptocurrencies, and I prefer to follow the development and all the news, each of my coins / projects, so that there are no similar problems like yours, especially if you have a large number of coins. Therefore, I believe that the safety of our coins depends on us.

It seems to me that the topic itself is comparable to the absurd. If a person hated cryptocurrency, then he would not be on this forum. Most likely, the person did something stupid and took loans to invest in cryptocurrency, but in the end he lost everything. This is where the source of many hate cryptocurrency can be.
HippiePyro
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January 24, 2019, 09:50:39 PM
 #37

I can clarify that I have got access to my IOTA wallet. IOTA not scammy and great because they take care and respect their investors.  Grin Amazing though that so many people here are willing to accept a "go fuck yourself" attitude when investing. Protecting wallets of dormant users should be a priority also.  Huh What if you went to jail for a year you lose all your money or your parents are cross and ground you from access to internet for a year? you lose all your money. Too easy.

I think I can get access to my EOS I haven't bothered to try yet cos I've only 500euro invested but should be ok, i will clarify in due course.

Shift however I think from a general look I won't be able to access my coins but I didn't invest much there cos I suspected they scummy.

Remember if you accept these standards now of losing wallets on a whim then continue that course and crypto will never be main stream.  Roll Eyes

That is good to hear. And you do bring up a good point, it should not be impossible to access your funds, should you step away for a reason. Like the BTC forks, all you need is your pk to access the new funds at any time. But most of the time when there is a time limit as was your case, the network is switching to a new network and this is generally communicated and planned from the ICO. If a project were to switch randomly and without notification, then I would call them scammy. They also wouldn't last long. A huge part of crypto is personal responsibility, as you already know.
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January 24, 2019, 10:15:10 PM
 #38

There is always risk. If you've participated in some bad projects it doesn't mean that every project is so bad too. There are many cases that people earn a lot of money by investing in different projects. Therefore, you just need to choose good projects and conduct analysis.
TheToadStoole (OP)
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January 24, 2019, 10:20:58 PM
 #39

Personally I have no hatred for cryptocurrencies, and I prefer to follow the development and all the news, each of my coins / projects, so that there are no similar problems like yours, especially if you have a large number of coins. Therefore, I believe that the safety of our coins depends on us.

It seems to me that the topic itself is comparable to the absurd. If a person hated cryptocurrency, then he would not be on this forum. Most likely, the person did something stupid and took loans to invest in cryptocurrency, but in the end he lost everything. This is where the source of many hate cryptocurrency can be.

No I didn't  Roll Eyes I invest spare change which is a couple of grand for me  Tongue

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January 24, 2019, 10:23:15 PM
 #40

Then quit your bitching, spare change is still change for some people.
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