How is trader life in the future?
A crypto trader's life would be blooming pretty well over the past few weeks and it is going to stay the same or maybe even get better over the next couple of weeks as the markets have opened up in green. A trader is the country's wealth?
Well this is a debatable topic as a trader is effectively investing a country's money into international projects and this isn't exactly what the nation wants as it expects investments within the nation. |
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So what basically happened was that the government stepped its game up by terminating bank accounts associated with cryptocurrency exchanges in the country like Zebpay, Unocoin and CoinSecure and many others. While the others were ready to compensate its user base, the founder of CoinSecure is believed to have fled with all of the 438~ BTC that was stored in a non-multisig address (so much for the brand name 'CoinSecure') and the rest of the team is helpless at this point of time. |
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Entirely possible as one can keep monies on a Bitcoin address and use it only when required, that is in case of emergency situations. Importance here should be given to keeping the address safe by storing the private keys in a secure location while having a steady head not to use it anywhere else but only when required the most.
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Looks like a massive work in progress project coming in with the idea to revolutionise blockchain usage and scalability and it just looks highly promising just by the outlines. Will be going through all their progress and let us hope they deliver what they have planned as the whole idea seems to have a lot of potential in itself.
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Since 4.13, when Bitcoin suddenly pulled up, does it mean that the bottoming is successful, Bitcoin will usher in a price increase, and it is expected to exceed $11,700, or even higher.
The current trend indicates a decently large bullish run which is expected to take Bitcoin above the five figure mark without any troubles, within the weekend. This is a great sign of a big rebound and much more to come after the long draught from the beginning of January which saw prices as low as $6k. |
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Got in at the height of Jan this year and all holdings lost more than half from the previous peak.
Very frustrated and was afraid that crypto will be zeroed out, so sold at massive loss more than 50%+ realized loss
After sold last week, all coins came back up 10-20%, even more frustrated, what to do?
I feel sorry for your losses and you can only blame your indecisiveness here. There's a golden rule in crypto trading which says 'HODL' till you die. At least if you abided by that rule till today, you wouldn't be at that big of a loss and instead would be cutting at around 15-20% instead. For the record, next time onwards, make sure to follow the golden rule and journey yourself to the profit shore. |
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-snip-
I just do not realise how investors for fall these sorts of fake ICO scams when they have enough time to research about the project and the first part of the process would be to know the developers and the entire team behind the project. Hope the general public gets awareness from these sort of incidents to not blindly invest. |
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Might seem to you that Bitcoin and altcoins are completely separate things but they're linked to each other in a inseparable way. Upon watching the altcoins markets closely, one can realise that it follows Bitcoin markets price trends for most of the part. And, let us not forget if there was no Bitcoin, there would be no altcoins.
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-snip-
10. Is this a bubble?
Maybe. Some people, especially James Damon, Chief Executive Officer of JPMorgan Chase, call bitcoin "fraud." However, its own bank holding is considering the possibility of providing customers with bitcoin futures. Billionaire Mike Novograts calls cryptology "the biggest bubble of our time," and at the same time launches a $ 500 million fund to invest in it.[/size]
What is this part doing here? I believe while you're providing information as good as the nine points above, all the negatives should be ignored as they surface out to be plots for an entity's own benefit. Bitcoin is here to stay and all the bubble accusations have already been proven wrong and focuses on keeping the level a notch above everything else. |
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The only time you'll ever likely hear about an exchange is either when site functionalities are not working (deposits, withdrawals) or when the support team is not helping out to sort issues. Poloniex still remains an established exchange but trade volumes going down is a big indication that people are moving onto better stuff.
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Not sure if you're trying to advertise for Huobi here but I have always believed that decentralised exchanges will take over the cryptocurrency exchange market by a storm as the so called centralised exchanges today have resorted to terminating accounts with huge funds held in them, randomly.
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Is there even and relation between Facebook and blockchain? One's a social network while the other is a piece of technology which is highly advanced. If you're talking about a social network project in the crypto world, there have been a few and the standout one in my eyes was 'Social' which had a lot of good things going their way.
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What do you think is future of ICOs? Where do you see this in next 5 years?
Going to be hell of a hard time for ICO projects to lift off and reach their soft/hard caps as we'll be witnessing tens of thousands of projects passing by and only a small portion out of this would truly have the potential to succeed. As far as breakthroughs are concerned, they'll be coming only on the form of brilliant ideas and nothing less than that. |
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worldwide regulatory bodies are looking to set legal guide rules to regulate crypto markets which will limit ICO. Do you think that this will increase the size of crypto markets since it will increase trust, or would it decrease the size of crypto since the number of ICO will go down  For obvious reasons, imposing regulations on trading with cryptos will adversely effect overall trading activity. ICOs aside, coming under the scrutiny of multiple countries will surely discourage users from buying and selling cryptos, ultimately decreasing the trade volume unless some sort of allowance is provided. |
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Why consider going back to a hard forked coin which had a massive premine and is controlled by the whales and developers themselves. A small spike in the market will surely show green numbers for Bitcoin cash but it is definitely not worth investing in because of the uncertainties coming along with it. |
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I actually am a part of the hate train towards those websites but had no idea there was entire community which was aligned with my perspective. The unreal fees they charge and the whole 'safety shield' thingy triggers me on how much they can reap from the whole process of reselling Is there any P2P key selling intermediate which has cryptos integrated into its system? Would definitely overthrow all these scum. |
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Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?
First of all, the chances of a country ditching its national currency that has been in use over the years for a cryptocurrency is almost nil. With that being said, if Bitcoin gets approved for national credit, it is going to to spell doom for that country itself as cases of corruption and money laundering will rise and the government will not be in a position to control this. |
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Ethereum, the barely two years old digital currency, now processes more transactions than all other digital currencies combined, including bitcoin.
Ethereum currently processes 52.3% of all cryptocurrency transactions, followed by bitcoin at 33%, while Bitcoin Cash, currently third in market cap, is handling only 1.8% as pictured above.
More than half a million transactions were processed yesterday by ethereum, a level that is now becoming common for the platform, rising considerably since early last year when it stood at just 10,000.
This is exactly how much of an impact Ethereum has created with its smart contract bound standard Ethereum tokens. A good chunk of all the ICO projects make use of Ethereum platform for creation, distribution and transactions through the ERC-20 standards. This has obviously seen a massive uprise in the number of transaction as everything happens within the platform. |
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We're not going to welcome him with a red carpet are we? The crypto market has already seen many multi-billion dollar barons who have failed to get a grip in the already whale dominated market. Assuming that he is coming in with a plan in mind, it is still going to be hard for him to make big money as it is going to take lot of patience and effort to shake the markets.
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Regulators want to make sure they protect investors from scams, while at the same time allowing the industry to develop and deploy the new technology in interesting ways. Overregulation could move the action elsewhere, which is what happened in China.
It’s too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.
What do you think?
To a substantial level, China and all the countries by imposing regulations on cryptocurrencies are hindering its growth in a huge way. All these attempts have left the crypto market crippled over the last year and it only gets worse as time passes with more counties inclined towards the same stance. |
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