UMM how about the bubble bursting?

Capitulation is on the way and we will all be able to buy BTC for 4k very very soon.

Shows over folks, hopefully BTC survives in the long run and I think it will but the days of MOONING are gone.
No new money coming in, dying market cap, dying volume except whale manipulation.

Hopefully we have picked a few googles, and amazons that rise from the ashes

YES I agree.  Please someone explain to me what the hell these coins do? What happens if the dev team is wildly successful at solving their proposed problem and launches a perfect solution??? So what, the coin you buy doesnt help the developers, it doesnt do anything. If it is actually used on a network then the increasing value of it is counter productive to the success of the network. It becomes more expensive to use the higher the value.

What no one on this forum is willing to admit that aside from the coins you can buy things with or "store" wealth BTC, LTC, etc...) all the other coins are like hobby collecting.

There is no difference in owning 200 KCN or ENG than owning 200 expensive sports trading cards or comic books. It is crazy to me that some of these coins have a market cap into the billions and they are useless in the real world. This is why after a few more spectacular crashes in the market there will be a few survivors. The only way this does not happen is if you link the value of a coin to a stable fiat currency which the cypto founders would throw up if this was the case.

The other comical thing is all of the excuses to why the market is going back to pre December values..... New Year, Chinese New Year, January, February, valentines day, scams, hacks, govt regulation, govt ban, Sundays, bad weather and the list goes on. Cant we all just admit that it grew way to fast and it was not sustainable? And for all of you that wish next week BTC is at 20k, you are all morons. If it hits 20K next week then it will come crashing down again. What you want is it to be 20K  in 2019 and grow very slowly over many many years.

So lets say I buy 100 ENG coins.


Who benefits from this? Yes I know the person or the exchange that sells it does, but that not what Im talking about.


What does buying the coins do for the developers? The project? The network?

Lets admit it, aside from the store of value and being able to pay for things, investing in alt coins is really just a digital coin collection.

Are we not all just picking our favorite coins and hoping that others think they are special and buy them which accounts for the value?

Its really just like investing in comic books, trading cards, art, or real coins.

No one has ever been able to explain to me why buying these coins helps in the functional use of them.

Before anyone answers, yes blockchain tech is great and will be used in the future, I am not disputing that, and to all thecrazy crypto zealots that say its a sign from above to bestow wealth on the needy or any other crap like that.....spare me.

Kyber Network launched the Kyber exchange today.
They have about 10 coins listed.
Decentralized exchange
Its great to see some teams launching projects that have some real world use.

Thanks this worked

Binance.com is not working.

the us.binance site works fine but you cant withdraw because the confirmation email gets sent back through binance.com

Ive tried to set my vpn to other places and still can not get the binance.com to work.

Hopefully they are on it, Im not worried but its annoying you cannot transfer anything out.

The only way i can get in is through the us.binance

cant withdraw though because the confirmation email goes through binance.com which does not work

anyone else with these problems?

They just updated twitter with 3 different methods for data recovery, not system upgrade.
The followers on twitter are going nuts.
Its close to 24hrs down and they just extended it up to another 9 hours.
Smells a bit fishy

WTF are you talking about? Better to think positive? Enlighten me about all the positive aspects of not having access to your funds for going 12+ hours.

When the world's largest exchange becomes inaccessible for maintenance without warning and IS STILL, 12 hours later down, I do not think Im being unreasonable to ask why or get a discussion going. 

Binance is down for 12 hours according to twitter for system upgrade.
No email to the users letting us know they were shutting down.
Seems kinda abrupt. Hope it really is just maintenance.

Im not trying to be a debbie downer here but if you look at the CMC graph it looks like we are slowly returning to the pre December values.

Since the peak in JAN, each spike it a bit lower than the previous, very much like the rise from DEC 1- Jan 8th.

It grew waaaaayyy tooooo fast and it looks like we are returning to the pre DEC values. What happens then is anyone's guess

I think the crazy December growth was based on hype and FOMO, everyone thought they were going to invest a thousand dollars and get a million back in a month.

If you read most of the posts on here it is almost cult-like delusion.........."we will MOON after the New Year, after the Chinese New Year, after January (always a bad month), after the FUD of regulation wears off, after lightning network, after a fork, after institutional money get pumped in".....and it goes on and on.

It seems rather simple to me, the cryptomarket blew up in December and grew faster than it should have and now it is slowly returning to the slow growth that was happening pre December.

If you look at some of my previous posts, I have become blue in the face trying to get anyone to answer what exactly are we are buying when we buy coins. I get it that we can pay for some things and store value. But buying a coin does nothing to help the developers that made them, increasing their value just makes the network they run more expensive to use.

After reading this forum and others, I have come to the conclusion that this is just high stakes pokemon go. We are collectors. There is nothing wrong with this. The art market it just like this. But ask yourself when I buy a Kyber coin, what can I do with it? How is the incresing value of a kyber [Suspicious link removed]d for the kyber network? You will come to same conclusion that there is not much behind the investment side of these coins.

Yes your site is leaps and bounds better than the tanks!!

Your problem is going to be getting people to buy in after the ponzii scam of ethertanks, etherarmy.
Those shitbags are still offering tanks and ships to the unsuspecting!

good luck

Yes its called tether and it has the potential to bring the market crashing down because they likely "printed" too many and likely do not have the USD to match each one. Just hope that everyone doesnt decide to cash out at once.

Im not picking on Kyber, I actually think its an awesome idea and I have some. This example can apply to any of the functional coins.


Lets say I have 1000 KNC coins that I bought on an exchange.

Value of the KNC goes up and down daily.

How does this help the KNC network???

Nowhere in the white paper does it mention that the network uses KNC coins.

So how is the coin related to the success of the network? I get that the ICO raises money for the dev team.

Just to further my point, lets say the Kyber network DOES need the coins to work, wouldnt increasing the value of the KNC coin make it more expensive to use the network?? How can this be good for the network?

I guess that if the dev team has not released all the coins and the value increases it helps the team raise money selling them back to an exchange but this does not help the consumer because the cost of using the coin and network would increase also.

Maybe this market and technology is too young to answer my question, but there is no where that I have found that can explain how these coins are going to make money in the real world.

I am invested in crypto, but the more think about how the increasing value of coins hurt the functionality of the coin, the more I think we all just investing in the equivalent of digital gems that are for collection purposes only and that scares me.

Yes I knew someone would point that out. I was using the "vision" of crypto about lower fees.

So I just completed a wire transfer for something unrelated to crypto.

As we were sitting there waiting for the transfer I jokingly asked the lady helping me if she was worried that she would lose her job when crypto puts the bank out of business.

She had no idea what I was talking about and I very briefly explained to her the ease of moving money, low fees, and smart contracts.

I wish I had taped her response.

Banker: "Well Sir, I do not think the bank would allow you to transfer YOUR money like that"

Well honey, thats the point!!!!!!!!!!!!

ETH just went to .1 BTC I think for the first time?
Can it get to .2 BTC?

So if no one is going to "pay" for it due to the volatility then why are we all investing in it?
What are we actually investing in if no one will use any of this?

Thanks for the reply.

But if it is a medium for the transaction, it still would cost more, the more the coin costs to acquire right?

At some point a consumer needs to "buy" coins to transact.

With the rapidly changing value of the coins I just do not see how this gets implemented real world style!!

You almost have to separate the value of the coin from the function of the coin. I do not think that value and function can coexist if the markets have such large changes in value.