Should I invest in Bitcoin Diamond BCD?

Kemarit

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Quote from: btyco on May 23, 2018, 02:41:48 PM

This is one of the worst bitcoin forks and has no future. Even bitcoin gold is lame but it has a high market cap. The diamond variety sounds good in name, but in this case gold is worth more than diamonds. Although to be honest, you should just stick with bitcoin, these forks will die off eventually

Obviously all bitcoin forks has no future, expect for BCH, because the people behind are really doing their best to really promote this as the real bitcoin. But if not for them, BCH will simply go down die as well together will all the Bitcoin forks. As for the OP, let me give you a good rude awakening:

That is a fork coin and look what happened.

https://www.ccn.com/bitcoin-gold-hit-by-double-spend-attack-exchanges-lose-millions/

So just like @btyco, just stick with bitcoin and you will be fine. But if you wanted to have problems later, then its your call.

ss890

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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?

If you now very well that they dont have any official wallet and they can not be withdrawn then why do you even care about trading them anyway. To be honest crypto currency is all about the risky business and it is the most uncertain thing right now on the earth. If you want to be stable enough into it then just try to reduce the risks of your investments. If you really want to make investment then go find some real coins but these forked coins they are just shit one and can turn into scam at any time. Better watch them out all the time.

stefany101

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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?

If sometimes it is using some trouble on depositing or withdrawing your funds then why should you invest with it? But we can't take control of your decisions if you you have chosen to invest with it.

Better to know first what is the lowest price that BCD has reached then you can picture out in your mind if it is still profitable if you invest with that coin and same as on other altcoins if you want to.

btyco

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This is one of the worst bitcoin forks and has no future. Even bitcoin gold is lame but it has a high market cap. The diamond variety sounds good in name, but in this case gold is worth more than diamonds. Although to be honest, you should just stick with bitcoin, these forks will die off eventually

Tigorss

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if you really believe in the growth of bitcoin the more the year the higher the value you have to start investing from now on because in the next few years you will get the benefits multiply.

Tynovten_

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If you follow the development i think we will be interested. First i've never peek evena bit from the beginning of its appearance in indodax. But sometimes indirectly if i open the indodax market automatically I'll see the growth of some coins. Bcd for example early this april this one of the coins whose price rise drastic maybe if i don't mistakenly remember reached 60% compare other coins, no one reached that percentage.

xuan87

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BCD got no future, the one that going to make profit is the whales with pumping and dumping, nobody really cares about BCD and even if you want to do arbitrage you need to consider the demand number in that site, overall bcd is not a good coin to invest

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Daisy Smith on May 17, 2018, 05:09:48 AM

In my opinion, it isn't good to invest. You shouldn't buy it because of the prefix of bitcoin. You should invest or buy the coins that many people have already known and potential to increase with interesting features.

Those coins which are using the bitcoin prefix are doing it simply because of the number of hits recently bitcoin has on the internet. Its one of the top searched words on any search engine and today the price is much higher than what it was even 3years back. They are using the publicity and the popularity of bitcoin to reach the top and people should stop falling for them.

Quote from: Gozie51 on May 18, 2018, 10:18:05 AM

Currently the coin is up and I don't think bcd is a bad coin for profit. Looking at the coin's history, it has got to a reasonable price like getting to $104 and has a very good maximum supply of 210,000,000. I see it as a profiting coin.

Keep thinking like that and you people are going to the reason why coins like Bitcoin cash and gold became the biggest scams in the history of crypto.

Red Fish

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Better do not invest, if this is very new crypto without even wallet, the more smart way is to wait untill BCD will develop, at least BCD will make own wallet. New crypto go in the market almost each week, who can predict the future ?

Gozie51

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Quote from: tanghere02 on May 18, 2018, 05:15:06 AM

I wouldn't invest in BCD if I were you, instead invest it on bitcoin. At least when you invest in bitcoin, there is an assurance that this coin had go a long way already and would not be worried that much if the coin will be gone one of these days.

Currently the coin is up and I don't think bcd is a bad coin for profit. Looking at the coin's history, it has got to a reasonable price like getting to $104 and has a very good maximum supply of 210,000,000. I see it as a profiting coin.

rickadone

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Quote from: liuqi on May 17, 2018, 06:17:15 AM

Quote from: zafaryaqoob on May 16, 2018, 03:50:45 PM

Today 17 May 2018 this time is awesome to Invest in Bitcoin diamond Because of The Crypto market down today.

Crypto market is little down so why you should invest in Bitcoin daimond. Most of the altcoins are good growing platform so we should invest in some other it will make quick but if you expecting permanent profit. You should buy Bitcoin and Ethereum it will run forever in Crypto market.

There are just so many huge coins with a lot of prospect and potential to invest in, and I wonder why someone has decided to want to choose these one.

The gap between exchanges at that time may have been a bit huge based on what the person that posted below the OP said, but it still a very risky one. Right now, I am even surprised it is trading above $3 and listed in most exchanges, including Binance. Well, the choice is left for each individual to make, but as far as I am concerned, trying to invest in a forked coin does not make sense to me.

tanghere02

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I wouldn't invest in BCD if I were you, instead invest it on bitcoin. At least when you invest in bitcoin, there is an assurance that this coin had go a long way already and would not be worried that much if the coin will be gone one of these days.

richcorner100

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I think the best coin from chain split of BTC is only Bitcoin cash and Bitcoin gold, but all these coin the price the same like others crypto, too high volatility so important to understanding their price action to know best times to entry and exit. BCC also include in top 10 ranking, so this coin could be has stronger fundamental than others coin split of BTC.

wuvdoll

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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?

If you want to be investing in a shit forked coin of bitcoin which is listed on several shitty exchanges, then be my guest to be ready to lose all that you are investing in a short time. Come on! I really do not know if guys like you do not always do research before making any investment in the first place ?

I know asking here may be one, but it is always better to have your own outright decision to make instead of seeking for opinions. BCD is a shit coin, and unless you want to be back here in the next few months, throwing darts at the community, then you should better stay away.

liuqi

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Quote from: zafaryaqoob on May 16, 2018, 03:50:45 PM

Today 17 May 2018 this time is awesome to Invest in Bitcoin diamond Because of The Crypto market down today.

Crypto market is little down so why you should invest in Bitcoin daimond. Most of the altcoins are good growing platform so we should invest in some other it will make quick but if you expecting permanent profit. You should buy Bitcoin and Ethereum it will run forever in Crypto market.

longminh123

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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?

That would be a very risky investment and I advise you not to invest in it. The risk is very high and you can lose all your money.
In addition, your profits will not be available for a long time. So I think you should revisit the problem and do not decide too hastily.

Daisy Smith

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In my opinion, it isn't good to invest. You shouldn't buy it because of the prefix of bitcoin. You should invest or buy the coins that many people have already known and potential to increase with interesting features.

zafaryaqoob

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Today 17 May 2018 this time is awesome to Invest in Bitcoin diamond Because of The Crypto market down today.

Direwolve735

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I don`t think this is a good idea. The impossibility of withdrawal and the absence of a crypto-currency wallet indicates that the coin is not sufficiently developed. Personally, I do not quite understand the purpose of creating this currency. Personally, I do not quite understand the purpose of creating this currency, since it works on the basis of the original Bitcoin functions. In general, the crypto currency is unpredictable and, as for me, has not enough reasons for success.

suzanne5223

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Quote from: Jimmy1980 on March 05, 2018, 09:39:24 PM

Quote from: suzanne5223 on March 05, 2018, 03:22:12 PM

Quote from: ahmad21 on March 05, 2018, 03:01:28 PM

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?

Yes sure if you are ready to burn up some of your cash then go invest in it. Its a pump and dump coin created by the developers. They occasionally give a pump in its value and give out a great dump afterwards. The pump is sometimes so weird that on one exchange the price is too high from that of another. It has almost zero chances to grow in long term until obviously John Mcafee tweets about it LOL. So I would say no instead go for LTC. Still has a better future.

You're right about what you concerning BCD and I won't advice anyone to invest into LTC either cause my affection towards the coin changed ever since I learned about LTC creator selling all is his holding.

I always felt Charlie Lee selling his LTC was a positive rather than a negative, but I am reasonably new to crypto so take that for what it's worth.

I refuse to accept that as a positive sign cause it shows that he didn't believe in the project. For example after Satoshi implement bitcoin he kept hold million of it to his self because he believe in it.
Meanwhile, ever since the news of Charlie selling all his holding come to light, LTC have been facing up and down in the market.

3x2

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No..don't do this mistake. don't get caught yourself in #Fomo.
Invest in Bitcoin, Litecoin , Monero or just go with traditional investment like gold and silver.

hynext

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Well, In my opinion never invest on bitcoin diamond stick on bitcoin and that's a great idea. Try to look another altcoins to invest on that make you more profit than bitcoin diamond.

Jimmy1980

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Quote from: suzanne5223 on March 05, 2018, 03:22:12 PM

Quote from: ahmad21 on March 05, 2018, 03:01:28 PM

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?

Yes sure if you are ready to burn up some of your cash then go invest in it. Its a pump and dump coin created by the developers. They occasionally give a pump in its value and give out a great dump afterwards. The pump is sometimes so weird that on one exchange the price is too high from that of another. It has almost zero chances to grow in long term until obviously John Mcafee tweets about it LOL. So I would say no instead go for LTC. Still has a better future.

You're right about what you concerning BCD and I won't advice anyone to invest into LTC either cause my affection towards the coin changed ever since I learned about LTC creator selling all is his holding.

I always felt Charlie Lee selling his LTC was a positive rather than a negative, but I am reasonably new to crypto so take that for what it's worth.

nicolas1979

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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?

You should think again about BCD, too risky and can make you lost your money. BCD has no good track record history and can't withdraw. Why you interesting to invest with BCD in this time anyway, I don't get it at all. There's another and many coin you can use to create income with good track record and a lot facilities, take that and leave BCD. For your own good, never invest with BCD

rokon123

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You khow that bitcoin is most popular and trusted.so, my opinion is you should invest for bitcoin.i think bitcoin have good future value.

GoldenLad

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This is really my first time of hearing about this coin. OP, be careful before you invest in any coin that does not worth it. Most coins are been popular because of the name of bitcoin in it. You should choose a coin because of it uniqueness and what it has to offer in the nearest future. Reading some of the comments here, i noticed that this coin has higher price in some exchange as opposed to the price in coinmarketcap, you should be careful of coins that are not fully transparent, you don't want to end up lossing your money.

Happiest

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What the heck is this now? Roll Eyes

I don't get why there are so many Bitcoin this, bitcoin that. If any developers have run out of ideas on the name to give to any of their coins then, they shouldn't try to get popular from 'bitcoin'. Aside, Bitcoin Cash; which came to be after the hard fork. I wouldn't be investing in any coin that tries to be popular using bitcoin, because it might as well end up been a shit coin for all I know.

Faruque312

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dont waste your money here, there are lots of coins in market, if you ask me then i will suggest you some coins, and mind it never invest in bcd .

gentlemand

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I wouldn't. And the variation in prices are as you say because in certain places it can't be deposited or withdrawn. The places you can the price is a fraction of the frozen ones.

The market for these fork coins is hideously distorted and there's no way of telling whether any of them have a future. If you got some free ones, great. If you didn't then I'd let it play out in peace.

ngavanngo22

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I think you shouldn't invest your money in BCD and all other coin created from Bitcoin hard fork. BCD is not a good coin and its potential is also not good as well. Forget BCD and find out the better cryptocurrency to invest in like ETH or NEO or maybe it's XLM if you don't have much money to invest but never investing in BCD

suzanne5223

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Quote from: ahmad21 on March 05, 2018, 03:01:28 PM

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?

Yes sure if you are ready to burn up some of your cash then go invest in it. Its a pump and dump coin created by the developers. They occasionally give a pump in its value and give out a great dump afterwards. The pump is sometimes so weird that on one exchange the price is too high from that of another. It has almost zero chances to grow in long term until obviously John Mcafee tweets about it LOL. So I would say no instead go for LTC. Still has a better future.

You're right about what you concerning BCD and I won't advice anyone to invest into LTC either cause my affection towards the coin changed ever since I learned about LTC creator selling all is his holding.

ahmad21

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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?

Yes sure if you are ready to burn up some of your cash then go invest in it. Its a pump and dump coin created by the developers. They occasionally give a pump in its value and give out a great dump afterwards. The pump is sometimes so weird that on one exchange the price is too high from that of another. It has almost zero chances to grow in long term until obviously John Mcafee tweets about it LOL. So I would say no instead go for LTC. Still has a better future.

DanielRR1997

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Some things I do are: Check out the project code. See if development has been progressing, dig into the code itself if you're a programmer. Read the white paper! Yes, this takes time. Yes, it can be complicated. Still, this is a great way to understand your investment BEFORE YOU INVEST. Look up the developers and important lead roles on LinkedIn, GitHub, Twitter, etc. If you can't find consistent accounts with names, faces, and past projects, this is a BIG red flag that the ICO may be a scam.

lite

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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 think you should pass! BCD price is higher on some exchanges(binance) because deposits/withdrawals are disabled and on other exchanges (okex,gate etc..) price is lower because they have enabled deposits/withdrawals. it would be better to invest in something else or just hodl your bitcoins. Tongue

Yaunfitda

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Quote from: bestr17 on March 05, 2018, 10:53:52 AM

Currently, Bitcoin Diamond doesn’t provide the necessary development source code for exodus which provides a smooth experience for crypto users. BCD is controlled by an anonymous Bitcoin Diamond Foundation whose registration information and whereabouts remain unknown. Moreover, BCD has an anonymous and unproven development team. This makes it extremely difficult to pledge support for the coin. Even though BCD seems to be performing quite well on several exchanges where it is listed, there isn’t enough information on the crypto for cautious investors to go forward with.

I'm not familiar with it but if this is the case as you have describe it then as investors I would doubt if you are willing to partake because of the lack of support from development team. I would rather put my money on other altcoins such as Ethereum which has a proven track record already.

And its strange if the price difference along exchanges are that high, although we have seen this kind of pattern before even to bitcoin and take advantage of it thru arbitrage. But I agree that we need to be very cautious right now. The people behind might be pumping to look as if people are really investing to it, but in reality its just artificial growth.

bestr17

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Currently, Bitcoin Diamond doesn’t provide the necessary development source code for exodus which provides a smooth experience for crypto users. BCD is controlled by an anonymous Bitcoin Diamond Foundation whose registration information and whereabouts remain unknown. Moreover, BCD has an anonymous and unproven development team. This makes it extremely difficult to pledge support for the coin. Even though BCD seems to be performing quite well on several exchanges where it is listed, there isn’t enough information on the crypto for cautious investors to go forward with.

crazy-pilot

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Dont invest in BCD bro , becose it was pumped already very hard and price goes down again , when will be next pump nobody known.
I have one idea of Super Bitcoin nobody pump it . May be some times it will be pumped like BCD . I have some in my pocket , but u need decide youself.

coolws

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From my point of view, it isn't good to invest. One thing you need to know that lots of trash altcoins come up and would lose their value then disappear soon. You shouldn't buy it because of the prefix of bitcoin. What we should invest or buy are the coins that many people have already known and potential to increase due to interesting features.

Clark05

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I don't think it is good to invest because this coin is base on bitcoin because what if the price of the bitcoin decrease it will decrease also. And bro uf the coin will not have official wallet they did not have withdrawal it is not good because you cannot get your BCD. Invest only the coin you know have potential becuse we know the bitcoin diamond is replica of the bitcoin.

pey

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I would rather invest in bitcoin. Bitcoin is cheaper and will rise to $100k but as lots of trash altcoins atttact people not most people will enjoy its rise.

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

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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

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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

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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?

Topic: Should I invest in Bitcoin Diamond BCD? (Read 443 times)