Of course yes you are right. Ethereum is the king of all Ico. Because, almost all Ico use ethereum blockchain. Or let me say 95% of the Ico use ethereum blockchain.
Do you have a source for the 95% or is that gut feeling? NEO is currently the 2nd most popular platform for ICOs but only one out 10-20 projects seem to be interested to use NEO. Ethereum has the biggest developers community and the others are not growing fast enough to overtake Ethereum in the near-mid future.
What altcoins are you guys picking up for cheap in this dip?
ETH is around $170 now. Comparing it to the previous months, it has become very cheap to buy. It will be very good to buy more ETH now as a lot of people are even selling them out due to panic.
Yesterday someone asked Ian Balina if Ethereum will come back and his response hit the nail on the head. It will come back, it has to come back, or the entire market is rekt. So if you believe crypto has a future, then buy more Ethereum.
Will it be with this fall of the ETH, will the ETC also accompany it? And this news happening on Ethereum 2.0, can will there be another fork and will ETC 2.0 be created?
The etc 2.0 era will start after the clo sidechain implementation So there is no need zo followthe eth 2.0 at all
Any idea when CLO will be implemented?
as I am following their project, we have to wait for the CLO cold staking program that will be live November 2018, so my prediction is that the 1st Q 2019 CLO and ETC could be ready for a sidechain fusion ETC has a staid development, let them work, give them time
What is the point of sidechains if no one is developing on ETC. I asked before if people know a few projects where ETC is also used as a dApps platform and no responses. I guess they arent any?
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BoardEconomics
Re: What will happen if the all countries convert to cryptocurrency?
Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?
It might happen soon and i'm pretty sure that the value of each bits is more than the value today. The advantages of it is that, it could be faster than to transact than the banking system today and i know there is new regulations that will going to implement to us in the system before we can use the crypto currency freely in the future.
But this kind of thought is too futuristic to happen soon in our life and maybe it will happen after 20-50 years from now. I don't know what kind of technology could someone has to create during that time but i'm pretty sure it's an amazing technology.
Not all countries want transparency and a finite supply of their currency. Just look at how many countries have corrupt governments just want to fill their own pockets...a decentralised ledger does not make that easier.
Therefore it is unlikely we see all countries evolve, but I also think it's realistic to see at least a majority of countries adopt and replace fiat with crypto in the next decades...a possible next financial crisis might be a catalyst to speed the process up.
Well, at least some major countries will start it, mainly in Japan i guess because they were just the countries that i know that loved so much of the technology. Hence, making a new technology is not that hard for them because they were too far advanced than the rest or it could be the US also. These two giant countries in the scene of technology will make a great new discovery in the future but it's just too far to happen yet.
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a possible next financial crisis might be a catalyst to speed the process up.
I don't think this could happen in most major countries but i think someone will fill their gap in financial crisis to make it happen.
Japan is probably among the most likely countries that would be doing such a step, after all Japan has the most crypto friendly and suportive government in whole asia, after all they are very proud as Satoshi Nakamoto seems to have japaneese origin, even though no one could track him down so far.
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BoardEconomics
Re: If the stocks market will crash again like 2008, what will happen to bitcoin
Maybe and just maybe with the ETF approval, we might see investors rushing into the market in the case where stocks dives into the horrific zone. For now, there may still be a lot of skepticism when it comes to the crypto market and I am sure other physical assets would be the target in that case. I believe in the long run, this would surely be one other well known spot or safe haven for investors but we ain't there yet.
I am sure there is a reason that so many financial institutions are pressing to get ETFs approved. The stock market has been in one of the longest bull markets in history and many experts believe we will see stock market correction. The reason why it has lasted so long is also rooted in the monetary policies, quantitative easing, record creation of depth. At some point this must fall apart. Financial institutions need to find alternative assets if that scenario comes to play. The question is if a stock market crash will lead a lot of investors to move to crypto or rather traditional assets as gold and other precious metals.
Maybe many investors well get attracted on the current price of crypto today, because we experience a huge pump last December 2017 so then of we are going to put basis on that price before we can maybe say that many investors will go to buy on it today for good. We can maybe. Say that bitcoin will soon rise and we can get a profit on it. I believe that many investors are now being attract on the price.
Yes that makes sense, we are sometimes biased to believe that everyone in crypto is desperate or on the verge of loosing hope of a recovery as most people got burned. But this is only true for the ones that came late and did not take profits. At the same time new investors are waiting on the sidelines and to enter the market. The ban of social media and Google limited the access to new audiences but institutional investors do not care about these things.
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BoardEconomics
Re: If the stocks market will crash again like 2008, what will happen to bitcoin
Maybe and just maybe with the ETF approval, we might see investors rushing into the market in the case where stocks dives into the horrific zone. For now, there may still be a lot of skepticism when it comes to the crypto market and I am sure other physical assets would be the target in that case. I believe in the long run, this would surely be one other well known spot or safe haven for investors but we ain't there yet.
I am sure there is a reason that so many financial institutions are pressing to get ETFs approved. The stock market has been in one of the longest bull markets in history and many experts believe we will see stock market correction. The reason why it has lasted so long is also rooted in the monetary policies, quantitative easing, record creation of depth. At some point this must fall apart. Financial institutions need to find alternative assets if that scenario comes to play. The question is if a stock market crash will lead a lot of investors to move to crypto or rather traditional assets as gold and other precious metals.
Post
Topic
BoardEconomics
Re: What will happen if the all countries convert to cryptocurrency?
Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?
It might happen soon and i'm pretty sure that the value of each bits is more than the value today. The advantages of it is that, it could be faster than to transact than the banking system today and i know there is new regulations that will going to implement to us in the system before we can use the crypto currency freely in the future.
But this kind of thought is too futuristic to happen soon in our life and maybe it will happen after 20-50 years from now. I don't know what kind of technology could someone has to create during that time but i'm pretty sure it's an amazing technology.
Not all countries want transparency and a finite supply of their currency. Just look at how many countries have corrupt governments just want to fill their own pockets...a decentralised ledger does not make that easier.
Therefore it is unlikely we see all countries evolve, but I also think it's realistic to see at least a majority of countries adopt and replace fiat with crypto in the next decades...a possible next financial crisis might be a catalyst to speed the process up.
This period is a special opportunity for you because you may never get some good coins for this low. The price will still go up and failure to invest may lead to regret. People have found themselves in this kind of situation in the past.
Very true...in retrospective people always wished they would have bough at the low...but when the next low comes then most people's actions are dominated by emotions instead of logic. Buying low sounds easy but it is the human mind that is complicating this simple methodology. Yes the prices are super low right now and it can be scary, but look at the fundamentals.
This is going to be a long bear cycle. I think we need at least one or two years of progress where it comes to regulatory input and also more infrastructure to procure the mass adoption we so need. Unfortunately we are a little slow in both areas and if the SEC in the U.S is too slow, other countries should start taking the lead in helping cryptocurrency to mature. Also we do not have enough women in crypto, which is also a reason for us being very slow in growth the last year or so. Women shy away from a masculine oriented niche whereby everyone is trying to slit each other's throat, steal lie, cheat and then dump everything. Until Crypto becomes more inviting to other sectors in society, expect a very long bearish winter.
Bear cycles have lasted on average about a year with the exception of 2014, I think the situation was much more grave by then. Right now things look bright in comparison. The SEC is giving some serious though on approving a Bitcoin ETF, so far any application has been rejected, this is the first where they needed more time to look into it. Whether it will be approved this month or later this year is hard to say, but eventually it's going to happen and institutional money will flow in the market.
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Re: The new economic crisis is the transition to crypto.
To date, the economic situation in many countries is in critical condition. Can the next financial and economic crisis be a transition to global use of crypto currency in international settlements?
It's an interesting thought for sure.
I've personally always thought that some sort of global financial crisis could be helpful in terms of getting people to adopt bitcoin. Especially one that has inflationary consequences, with rapidly increasing prices and CPI overall.
For example, just look at individual cases like Venezuela and Turkey, where bitcoin is definitely helping individuals to store their wealth away from their fiat currency, and thus leading to more adopters. This could happen under a global scale as well. Whether or not this actually evolves into a global payment network is another, but increased adoption of bitcoin as a store of value internationally is definitely possible under these circumstances.
It is very likely that a financial crisis will have a strong impact on the adoption of crypto currencies and you can see this happening already with the countries you mentioned...in Turkey the decline of the lira has caused people fleeing onto different assets and crypto currency is one of areas that are spiking in volume. Have a look at the article below and you you get a taste for what is coming.
Remember that every time there's a dip, there is also an opportunity to invest more at a lower price especially to those crypto that is very dominant like bitcoin, ethereum, ripple, and othres. So don't be afraid when your portfolio's value gets down but take it as a chance of having the cryptos that you desired and when it comes back again, i am sure it will give you a very good profit.
Actually the value is not getting down, at least not the intrinsic value. That often increase with time as many projects get new partnerships, launch their main nets or products...and still the prices decline, mostly due to the bear market.
I would try to see it from another perspective...see the bear market as shopping time and do not expect anything to rise. Do not check cmc several times a day, only when you want to invest more and then look for discount..it is marked in dark red.
I prefer binance since im not using kucoin for a long time and i think they required to do KYC im not really sure but binance is still the best in terms of volume
Yep, and their team is really working hard for on their technology. I'm using binance for about a year now and overall I don't experience any problem with this exchange and its continue to be a leading crypto exchange in term of volume being trade. This two exchange is quiet similar so for me choose the exchange you think is more convenient for you.
I prefer the layout of Kucoin but I recently noticed that Binance seems to have more on the plus side. The technology and security is superior to almost anything out there. The white hat project Hacken only see Binance and Cobinhood as a real secure exchanges. In times where every month a new exchange get hacked nothing beats the combo of volume and security.
1) Find a newer exchange that doesn't have a lot of people.
this means when the exchange doesn't have enough people, it doesn't have enough volume. in cryptopia that you mentioned the minimum order that you can make is as small as 500 satoshi and these two means the orderbook is filled with small orders, sometimes it is so small that it can not even cover the transaction fees. and most of the time the profit is so small it doesn't worth the time and risk to even try this.
and worst part is that many of these small exchanges, for example Yobit are scam. or their wallets are empty, out of work, ... and I have tried this, you go buy some altcoin there and when you want to withdraw you hit a brick wall. your funds will be blocked in limbo because you can not cancel the withdrawal and support doesn't reply and the price keeps falling on both places so when your withdrawal is finally canceled you sell at the same place at a much lower price and lose big time.
Guess your analysis is right. I tried it out in the past without much success, either the price differences were so marginal, the risks to transfer to an unknown exchange were higher than the potential outcome or when I spotted bigger differences I always ran into the wall of withdrawal issues. Especially with the bigger (and safer) exchanges like Binance.
We are still in the bear market I believe. But what I see and observe is that some traders are taking advantage of the market dip which makes them profitable also. I guess bear mode is important because the market needs to go through a cycle and bear cannot be avoided.
Bear mood is definitely a good thing for investors to buy low and make a lot of money in the bullish times. It may not be the best for the market generally but for speculators it's game on for profit making.
Excellently, taking an oppurtunity on a market dip is a brillliant way to gain more privileges and immensely profits in the future. Sometimes bear mode is one of good thing you may encounter in this crypto world. And the advantages in this bear scenarios is you can invest more reliable profits while it is on dip.
Very good point. Unfortunately the vast majority buys when it is double digit green, then there is less fear and more confidence. But that is the mistake, never go with your instincts. You need to do the decisions that follow only logic. Today is a good example, I heard from several people that they bought after the market was already up nearly 20%. Yesterday everything was 20% cheaper...
But yesterday most people's fear was in the way to make a purchase, green lights make it so much easier to get in. Wrong.
Bearish is still not over and a lot have speculated that bitcoin will go below $3,000 before we will see bullish trend and it will take time for the bull to form so lets just wait for that time to happen. For the meantime lets keep buying both bitcoin and alts are on sale and its wise to start accumulating them now.
I also think itvis a good time to buy just worried about the sentiment. Negative news slam the market while positive news have little or no impact. Even some positive signals from the SEC (Ethereum not a security) did not lift the spirits up that much...
Well I think we need more big news aside from that like some adaption thing from other countries or from exchanges. And for sure big news will come when we're in a bull run so price will surge constantly. We all need a perfect time so don't hurry and just accumulate more as you can so we can all sit in our profit.
I am also certain that a bull run is following the bear cycle, as it always did in the past. But we will probably go through some more dips, especially if the SEC is not going to approve ETFs, which seems less likely at this stage. But yes these are the times to buy, not when everything is in the double digit green. People who buy during bull runs loose big time in the next bear cycle.
I have not heard about such a project and I doubt that it can be included in the top 10 list. Where is the information about the ratings?
I think they are fairly under the radar, as you can see with this thread, only a few answers. But they are working on something that could come potential big. They also came in at 3rd place pitching their ICO on one of Ian Balina's events...that means something.
I have some price targets, all much lower than current prices, for the following coins:
CPX ONT NEO HOT WAN ZIL
Do you have some more info why you think these coins will go lower and what are your targets for them? I am not sure about HOT and CPX but WAN, ZIL, NEO and ONT are probably one of the most promising projects in the entire space in my opinion...
I don't get why people based on websites that they don't even know who are the people who give these ratings. Those 'so-called experts' also don't have a lot of strong proof that they are best on what they do. Anyone can also give rating based on their opinion because that is how those rating sites does their thing.
Of course these are only opinions but they explain how they came to their opinion. You can factor them into your decision making but should not follow them blindly. The best advisor is still your own experience.
Example: I see you are promoting Gigtricks, I was also initially interested. On ICO Bench they get a very high overal rating. Then I read on a review from an expert who wondered why they need 35 million to build a platform for freelancers. Then my warning lamps went on...I had invested before in projects with a high hardcap and they collected far too much money. The problem is that the token is then overvalued from the start. So I stayed away. Not because of following ones opinion but to combine external indictions with my own personal experience. Not saying it will fail, but I passed on it.
The Crypto market is changing gear gradually.... Red to Green. Is it what am thinking?
Yeah and crypto still volatile and bear market is still on. We don't know when this bear market ends because of the big impact of ETF not approved that's why market is back on bearish.
I also think the ETF played a big role or the recent price decline. Retail Investors don't care so much but there are Institutional Investors that are very concerned about this. And I am sure they placed some bets on Bitcoin falling when the news came out via Bitcoin Futures and Exchanges where you can short Bitcoin and the entire crypto market. Septembers decision will be critical.