Quote from: andrei56 on August 04, 2018, 10:14:12 PM

Quote from: Elwin_Dog on August 01, 2018, 12:23:58 PM

Quote from: gandhe83 on August 01, 2018, 07:42:14 AM

Quote from: Reid on July 29, 2018, 05:38:35 PM

One thing I know. Stop looking at coinmarketcap. That is a hell of fake news for me.
There is not much of a legitimate market of one crypto currency.

I saw a lot of projects which are really good and yet they are ranked at the thousands number. It is disappointing to see more people are relying on that and they are doing some math with the market cap and whatever it is.
Even with the good exchanges listed by them they are still somewhere at the bottom.

The market price notice is just the algorithm of the website being programmed. The price of each cash flow is due to the market or the owner of the project that updates the situation. All information is just behind them, the reality is very different. Do not spend too much time listening to the market. Be prepared for your plans to achieve certain goals do not be too greedy...

Do you think there's a bit of favoritism going on with some of these sites? Some false promotion in exchange for some coins under the table? It's insider trading like on wall street, except no one will ever know it happened. That's what you've really got to be careful about with crypto.

It's not worth spending much energy crawling through these sites anyway. Learn your own criteria for judging the value of a coin and then invest little by little until you have enough conviction that it is worth that money. And certainly, don't get too greedy or it might all disappear.

It is very likely that something like that is happening behind the scenes, no one likes to think about it because the consequences of such a thing for the market will be terrible but that is why it is not always the best idea to trade your coins, because if you find yourself in the wrong side of a manipulation of the market you could easily lose a substantial amount of your capital and it will not be your fault.

It's too bad because this is what gives crypto a bad name. The supporters of fiat are quick to mention that there is no regulator to protect against price manipulations and that the wild swings are just used to serve interests of major powers behind the scenes (which could even be them for all we know).

I don't really think altcoins are a good idea for the most part because of how easily they can be manipulated or taken over. They're actually great potential for short term gains, but you've really got to keep an eye on them if you don't want your capital going down the toilet. They need close supervision and firm rules for entry and exit.

Elwin_Dog

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