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Topic: Lost Thousands Of Bitcoins Because Of Volatility (Read 2803 times)

member
Activity: 67
Merit: 10
Did some poking around and i think it's possible the OP here posted simply so the first poster could advertise his ICO.
Vito Corleone (Junior account) posted then 5 minutes later another Junior account posted first suggesting the CurrenSky ICO.
Both seem to have weak English and Vito said he'd from the Netherlands.
The ICO coin has a lot of ties to that area of Europe too.

Looking at both their full post history i see a lot of reoccurring weird broken English.
The first thing i seen looking at the the ICO was problems about refusing to use an escrow for it.
Then i of course seen the site whois was protected by good ole Scotsdale (like 90% of coins)

Noobs galore + Noob ICO + probably sock-puppet account shenanigans.

Hello Spoetnik,

We are not linked at all with the other account.
On the other hand we understand people to be suspicious about our concept and this post.

The team of CurrenSky is full of non native english speakers, we are sorry if our english isn't perfect.
We cannot use an escrow system, we explained many times why : This is backed up by real estate and we CANNOT launch it if we don't have the real estate backup.

Feel free to ask any question as long as we can answer, we will.

Thanks

A more stable altcoin.... no way.

Hello klaaas,

CurrenSky will be backed up by international real estate.
The goal is to make its value the most stable on the market and in addition, create a financial interests for all of its users (thanks to rentings).
For more information, do not hesitate to visit our page and our annoucement.

Thanks


A more stable altcoin.... no way.

Ya that made me suspicious earlier.
Both the OP and then the currensky guy used that word.
And what do they mean anyway ? code or market price ?
If price LTC is pretty damn stable LOL  Grin

Dear Spoetnik,

You can find more information in our pseudo-white paper.
But in a few words it is made to be more stable on :
-The value (no or very low volatility)
-The network hashrate(/attack probability)
-The growth (no exponential move is possible)

But to really understand the main aspects, please dig more in our post, the website and the pseudo-white paper.

Many thanks for your understandings and sorry for taking that long to answer.


PS : We answered fastly to this thread at first because Anthony (Founder of our project) is using a mobile app called "ZeroBlock", he saw the post and we managed to answer to it.
legendary
Activity: 1470
Merit: 1010
Join The Blockchain Revolution In Logistics
Did some poking around and i think it's possible the OP here posted simply so the first poster could advertise his ICO.
Vito Corleone (Junior account) posted then 5 minutes later another Junior account posted first suggesting the CurrenSky ICO.
Both seem to have weak English and Vito said he'd from the Netherlands.
The ICO coin has a lot of ties to that area of Europe too.

Looking at both their full post history i see a lot of reoccurring weird broken English.
The first thing i seen looking at the the ICO was problems about refusing to use an escrow for it.
Then i of course seen the site whois was protected by good ole Scotsdale (like 90% of coins)

Noobs galore + Noob ICO + probably sock-puppet account shenanigans.
legendary
Activity: 1862
Merit: 1505
Bitcoin, Ethereum are the only two "very stable" long-term crypto-currencies now.

Other than these two, I don't think there is any crypto with extreme stable future. Even Monero can be dumped or pumped hard any time, IMO.
sr. member
Activity: 406
Merit: 252
Veni, Vidi, Vici
I don't believe OP has any interest about what people here are proposing to him. Moreover the title of the thread and his English words are a bit weird. So maybe what he says is excessive or he simply trying to promote something as someone told above. As you see after March 19 he didn't post anything. Someone had lost thousand of bitcoins would behave more responsibly.
legendary
Activity: 1666
Merit: 1001
I think bitcoin is the most stable coin, other alt coin got more swing than bitcoin and the swing is usually pretty huge, tether is too stable and you can't make any profit from it, if you want to find the most stable investment then invest in fiat, there are no stability in crypto currencies
sr. member
Activity: 322
Merit: 250
I will say, you just need to accept the risk because even the alt you are considering changing into, you are not sure the price will stay stable and you are also not sure if you won't lose more by the time people dump on the coin and no one is ready to patronise and this will be made possible becausenyou won't be owning a quantity that will direct the flow of price after all.
legendary
Activity: 1245
Merit: 1004
The first thing i seen looking at the the ICO was problems about refusing to use an escrow for it.
Then i of course seen the site whois was protected by good ole Scotsdale (like 90% of coins)
No escrow nails it, of course. But that more sort of a soft scamm detection pattern, how to discover that?
hero member
Activity: 490
Merit: 500
Enough Bitcoin for me, i am in Altcoin section because i want exchange my bitcoins to more stable crypto and i need your recommendations.
Advices wait price will come back won't help, i am out.

I am thinking about:

Tether
Ripple

Problem i don't trust tether, users only can login through website and it's probably too much centralized.
Can't trust Ripple either, where bankers play corruption and strange things happen..

Well probably i need to exchange to USD and stop playing this crypto game... What you can recommend?
If you could not hold bitcoins due to its volatility,then how could you hold an altcoin which is much more volatile than bitcoin.You couldnot find even a single altcoin better than bitcoin in volatility.I have lost a lot in altcoins due to pump and dump situations and i find bitcoin as a better stable asset.I think you would have traded in bitcoins in short term basis and bitcoin is very much beneficial if traded in a long term basis.That makes the difference.
hero member
Activity: 1876
Merit: 512

Enough Bitcoin for me, i am in Altcoin section because i want exchange my bitcoins to more stable crypto and i need your recommendations.
Advices wait price will come back won't help, i am out.

I am thinking about:

Tether
Ripple

Problem i don't trust tether, users only can login through website and it's probably too much centralized.
Can't trust Ripple either, where bankers play corruption and strange things happen..

Well probably i need to exchange to USD and stop playing this crypto game... What you can recommend?

Intersting you want to leave Bitcoin and more into Ripple what a joke. There is no way you can lose your Bitcoin if you remain in BTC, the only concern you may have is the USD valuation but on a long term basis this doesn't count
legendary
Activity: 1267
Merit: 1000
Enough Bitcoin for me, i am in Altcoin section because i want exchange my bitcoins to more stable crypto and i need your recommendations.
Advices wait price will come back won't help, i am out.

I am thinking about:

Tether
Ripple

Problem i don't trust tether, users only can login through website and it's probably too much centralized.
Can't trust Ripple either, where bankers play corruption and strange things happen..

Well probably i need to exchange to USD and stop playing this crypto game... What you can recommend?

If you can't stand the heat, get out of the kitchen.
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
I don't think OP have any decent amount like he is claiming lost of thousands of the bitcoin. Anyway this thread made me laugh when somebody claim like this. Wink

Despite the thread title, I think he meant that he lost thousands of dollars. Judging by his OP, English is not his first language.
legendary
Activity: 1918
Merit: 1003
Better move all your bitcoin is USD and give up this world but I don't think OP have any decent amount like he is claiming lost of thousands of the bitcoin. Anyway this thread made me laugh when somebody claim like this. Wink
sr. member
Activity: 714
Merit: 250
maybe you can see some ico. Qtum and new ico, this is better than some crypto. and having experienced a very high increase in eth and dash, usd in bitcoin decreased passable, and my speculation a few months btc will decline, while some cryptocurrency will increase the price with usd.
sr. member
Activity: 588
Merit: 272
⭐⭐⭐⭐⭐
Have you heard of PIVX?
hero member
Activity: 1876
Merit: 512
Well probably i need to exchange to USD and stop playing this crypto game?
DO you know that Fiat currencies too are volatile. It depends on you game plan. I have 60:20:20 ratio of Bitcoin:Altcoin:USDT. I believe in Bitcoin and know the price can only get higher once this scaling debate is over, also know that the hard fork might be a good deal for Bitcoin holders because you stand a chance to get free BTU tokens
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
How about keeping your wallet closed until the right opportunity comes along and STILL being a participant and supporter of cryptography related digital currencies ?

hey, there's a thought huh ?  Cheesy
legendary
Activity: 1288
Merit: 1036
Well probably i need to exchange to USD and stop playing this crypto game... What you can recommend?
If you quit crypto world, that could be your life's biggest mistake. Leading a life without knowing one opportunity is different than ignoring one reliable opportunity, later may end up in regretting. I suggest not to take decisions of stop playing with crypto, but play carefully.

I do see some people suspect on your losses. I do not want to enter there. But I want you not to repeat the same mistakes. Holding for long is the simple requirement to stay within profits which maybe completely different for the case of altcoins.
legendary
Activity: 1946
Merit: 1137
lost thousands of bitcoin? really? how many thousands? 1? 2? 10? and how did you lose that? you want us to believe you had 1,200,000 to 12,000,000 USD and lost it?

was your wallet hacked because you were incapable of making a cold storage or setting a password for encrypting it?

or did you lose that much in trading? well price only fell about 14% from the top so that means to lose 1000BTC you needed to have 7142BTC.

or maybe you were talking about satoshi Grin

Enough Bitcoin for me, i am in Altcoin section because i want exchange my bitcoins to more stable crypto and i need your recommendations.

have you ever seen a price chart of any of these altcoins before? if not i suggest taking a quick peek at the charts with 1 day interval while showing ALL of the history.
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
A more stable altcoin.... no way.

Ya that made me suspicious earlier.
Both the OP and then the currensky guy used that word.
And what do they mean anyway ? code or market price ?
If price LTC is pretty damn stable LOL  Grin
newbie
Activity: 25
Merit: 0
Lost thousands because of volatility, and for some reason goes to something even more volatile :')

Looks like a thread to promote a scam coin Smiley
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