Should I invest in Bitcoin Diamond BCD? - page 3.

putrii

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Quote from: really01 on March 02, 2018, 10:53:15 PM

BCD this time trading prices are very different in each website. I know that BCD has no official wallet and can not withdraw. But is that okay? Should I invest at this time?

I do not recommend to buy or invest there because if you see the coin that has the same symbol is also created and you should be more careful to choose coin for investment.

Kemarit

legendary

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Quote from: really01 on March 02, 2018, 10:53:15 PM

BCD this time trading prices are very different in each website. I know that BCD has no official wallet and can not withdraw. But is that okay? Should I invest at this time?

Everything is based on speculation here. If you think that the price could skyrocketed in the future then why not? The only problem is that its another fork, another coins born out of bitcoin. So just like any other altcoins, it will not gain enough traction for this community and with that said, another pump-and-dump. Are you willing to ride the waves? Can you exit on time to make you profits? Another indication is the different prices across trading sites. It could be a sign that its being pump and when the wallet is released, expect a sudden dump and the price crashes to the bottom.

atrocityx

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Quote from: really01 on March 02, 2018, 10:53:15 PM

BCD this time trading prices are very different in each website. I know that BCD has no official wallet and can not withdraw. But is that okay? Should I invest at this time?

I wouldn't trust this for a typical arbitrage oppurtunity.. this coin has been pumped and dumped quite a bit.. and even with arbitrage you can likely get burned or get stuck waiting for a pump for weeks or months.

Theres really two outcomes from this that will happen and both are negative..

1) You'll go for the arbitrage flip and realize that the exchange where its lower or higher has a wallet in maintenance or down...

or

2) even worse the arbitrage when you buy small works and teaches you poorly so you go bigger next time and really get burned.

My rule of thumb is if arbitrage is breaking more than 5-8% then theres gonna be bots firing off every second to hundreds if not thousands of people.. and if the arbitrage price isn't correcting with all these people involved, its probably for a good reason. Please be careful with this coin because other than occassionally really pumping, this coin has really no value or use case.

My vote is avoid this altogether, but if you do it.. go small.. and even if successful don't let it dictate future moves.

Good Luck.

Virtual miner

sr. member

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Quote from: really01 on March 02, 2018, 10:53:15 PM

BCD this time trading prices are very different in each website. I know that BCD has no official wallet and can not withdraw. But is that okay? Should I invest at this time?

I really don't think it's a good option to invest in BCD. It's some sort of scam I believe. If not scam, I think it's gonna create you troubles like technical malfunctioning. Also the trading of this coin isn't taken up much by people. The exchanges on which it is traded have no reliability. I may also mention one more point hereby that the wallets used may also not be safe because they are third party softwares. And yes of course the price difference on different exchanges is yet another point that draws our attention towards dubious nature of this coin.

zhekinsp

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Quote from: really01 on March 02, 2018, 10:53:15 PM

BCD this time trading prices are very different in each website. I know that BCD has no official wallet and can not withdraw. But is that okay? Should I invest at this time?

WTF is that BCD,don't get attracted to the forked coins because it is prefixed with bitcoin because most of the coin will lose its value soon so it is never good to invest on any forked coins including BCH,because they are just free coins from fork so in future it may don't have any value so it is better to move on to some altcoin with better technology.

Patatas

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Quote from: really01 on March 02, 2018, 10:53:15 PM

BCD this time trading prices are very different in each website. I know that BCD has no official wallet and can not withdraw. But is that okay? Should I invest at this time?

Recently,I came across a thread where the price of this coin was so drastically different on different exchanges that it made it look worthless.For instance,it was traded at Binance @ $49 and @Gate.io @$9.Those figures don't look statistically correct and I don't know what to make of it.Since the fork,coin has been dumped hard.Only the one's who got their free BCD were lucky enough to get some money if they didn't hold for long.

really01

jr. member

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BCD this time trading prices are very different in each website. I know that BCD has no official wallet and can not withdraw. But is that okay? Should I invest at this time?

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