China is appearing to soften its stance on cryptocurrencies as of late "In an unexpected move, a major Chinese state bank has posted what appears to be a positive infographic on its website detailing the history of Bitcoin and some basic cryptocurrency concepts. The infographic notes the impressive gains that Bitcoin has benefitted from recently and appears to address the relevance of cryptocurrency in today’s world. Leading crypto payment gateway Coinpayments recently formed a partnership with directory listing site Cryptwerk, in a move that will no doubt help increase adoption within the industry. In the press release regarding the partnership, Sean Mackay from Operations at Coinpayments raised an interesting point when he said that “It’s important to remember to not just hodl your crypto, but also to spend it to help increase adoption. Since the crypto space is still early days, spending and transferring cryptocurrency has never been so important!”Trading of Bitcoin and cryptocurrencies in China has been illegal since the country banned Bitcoin exchanges back in 2017. While the ban forced some exchanges to move their operations to other countries, it is believed that millions of Chinese citizens still trade cryptocurrencies through subversive means. Although trading is banned, mining cryptocurrency in the country is still legal, and it is estimated that 60 percent of all Bitcoin’s hash power comes from China.The change follows a recent legal ruling by China’s Hangzhou Internet Court that classified Bitcoin as a commodity that should be considered ‘digital property.’ While the ruling didn’t go so far as to give it a ‘legal currency’ status, the recognition by an authoritative body is evidence of changing mindsets within the country."This brings the question of will china accept cryptocurrency as a currency or will it just stop its level of support at accepting it as a commodity [/font]-source : https://cryptocurrencynews.com/china-stance-cryptocurrency/It is a positive happenings that will give us hope that someday China will accept bitcoin as a currency. If it will happen, it is a big impact to the crypto world knowing that China is the biggest country out there will the highest amount of population. If it will happen, not only 60% hash power will come from China. I am sure that it will increase like 70-75% as they are the big contributor right now. |
|
|
|
I believe many of us has lost the precious Bitcoin at some point. A lot of this loses could be traced back to wrong wallet addresses on the part of the sender (more reason you should double check the address before sending). At some point you mistakingly sent Bitcoin to an ERC-20 wallet or sent it to an incorrect wallet. Either ways, the coin becomes lost. In times like this thoughts like this set in, "why is there no provision for recovering lost Bitcoin? My answer to this might sound inconsiderate, but... It is a good thing you lost it, and it's a good thing it cannot be recovered. Maybe you will be more careful next time  When you consider something as valuable, you ought to treat it with great value and care, so before sending out your "valuable Bitcoin", if it's really important to you, ensure that you double check the address to avoid loss. If you have lost Bitcoin the first time due to the aforementioned wallet issue, then you ain't supposed to lose another one, as you must have learnt to be more careful now. I have experienced this kind of problem at the time that I am still a newbie, I have lost it because I mistakenly send the bitcoin to the wrong wallet address. After that I became careful but it happened again that I send mistakenly which is a huge amount of money and I am really worried at that time. I am sending bitcoin at that time and I am using a quick exchange shapeshift.io but still I am lucky because the shapeshift exchange returned my money because I am sending the money to eth address instead of bitcoin address. And until now, I really learned my lesson and I always triple check everything before sending, either it is small amount or a big one. |
|
|
|
I'm fairly new to Bitcointalk. I was wondering how crucial is it to create an ANN Thread for a new startup on here?
Is there a large Bitcointalk community that engages with the new startups who make ANN Threads?
I'm currently managing a bounty campaign for a new startup on here, and I was wondering if the ANN Thread would give the startup more exposure?
Any feedback would be appreciated! Thank you in advance!
Announcement thread will surely give your project more exposure in the forum as it is one way of saying here in the forum that this is my project and kindly support or invest to it if you like our project. By creating also an announcement thread, you are giving the community the chance to know more about your project by letting them visit your whitepaper, team behind the project, roadmap and etc. |
|
|
|
I would like to play devil's advocate From this article I read “Unlike the volatility seen around other cryptocurrency’s in the past, we believe that Libra’s focus on creating a stable, low inflation currency backed by a reserve or real assets is a differentiator. Further, unlike other stablecoins, Libra will not be pegged to one currency but instead a basket of assets ranging from bank deposits to short-term government securities.” https://www.cnbc.com/2019/06/18/the-difference-between-bitcoin-and-facebooks-libra.htmlWill Libra Coin bring Down Bitcoin's dominance in the market, your thought? It is stated already that it is a stable coin so there is a very low chance that it can dominate the bitcoin in the near future if in case it will be launch. Even if Libra will not be pegged to one currency, they still need more than that to bring down the King of crypto currencies. |
|
|
|
|
If you mean that bitcoin is the future of digital payments then there is big possibility that it will happen as bitcoin continuous it's dominance right from the start until now.
But right now, the best option in order to gain some profit is to put some money in bitcoin and hold it until the price is enough for you to sell it. So right now, it's best to invest while waiting for the bright future of bitcoin.
|
|
|
|
|
There are many factors why government wasn't able to consider bitcoin transaction as illegal. One of the factor is that they are earning from it, most of the governments that legalize or accepts crypto currencies especially the bitcoin is that they are benefiting from it.
Though it can be use in shady transactions as what you have said like alcohol and drugs but not all the governmets are thinking like this one. They are also considering the benefits that they will get upon accepting it like taxes that they get from big exchanges that were launch in their country and etc.
|
|
|
|
I came a cross this video https://www.youtube.com/watch?v=9LhK5kQqON4&t=872s giving a suggestion why the prices dropped. "Before the price dropped 20%, there was about 1.2 billion dollars that moved into exchanges. This is an unusual amount. Then on the Bitmex exchange there was a large sell order which triggered a bunch of limit sell orders, which also liquidated a bunch of people's positions. And so that is what caused the gigantic price drop. In other words, the price likely dropped because of manipulation. It is a short-term manipulation attempt, while the long-term adoption is going well. " Maybe if the prices recover soon (as we already see green markets), this will turn out right. Yes, it will only be a short term manipulation attempt if it is the case as they need more than that to manipulate the price further. Though 20% price dropped is pretty bad if we will think it negatively. Let's just hope that the price will recover soon and the big investors will start to pump the price to encourage all the small investors to follow. |
|
|
|
You know this question is unavoidable...
DID I MAKE A MISTAKE INVESTING IN BITCOIN?
A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
The recent market setbacks have brewed a very big question in the minds of new investors...
What will be your response to this question?
As a new investor you should always consider that investing to any of your choice has a risk and setback of prices is one of it. Investing in bitcoin is never been a mistake, what you lack right now is the resolve whether to hold your investment or sell it. Just focus on positive aspects of bitcoin and don't listen to any negative feedback, fud and setback of price so you can focus to your target which is to gain profit someday from your investment. |
|
|
|
There have been a lot of posts questioning the rewards of campaigns in recent time, complaints about dev and team giving fewer rewards for campaigns. Many have eyes but cannot see, what is the use of huge rewards with no value in the future why you can be giving fewer rewards that will grow into something big if you can hodl, I will rather participate in a campaign with less reward and huge prospect than wasting my time overloading my portfolio with useless coins that will take me nowhere. If you really want to benefit from crypto, think less of what any new project can bring you new, think more of what you stand to gain in the future, be part of a good project. Don't be deceived by the promise of huge rewards that will deprive you of the future benefits which quality project can give to you. If you invest your time in good project today, even if the rewards look small, if you can hodl then future is certain. Be ready to sacrifice your today for your tomorrow.
Your idea is not that bad but you need to consider also whether that certain project is giving the right amount of rewards. For example the project is a promising one and they will only give like 1-2k$ value of rewards for 4 months of campaign. Yes holding for a long term will do the trick if you really trust the project but is it enough if for example you hold it for 1 year and your reward worth of 10$ turns to 50$ if in case the price goes to x5? But if they are giving a reasonable reward then why not. |
|
|
|
|
In my case I have only introduced crypto currencies to my relatives and right now they are still active and keep on studying on how they can utilize their small money to grow a little more.
I suggested to them that they should be patience and wait for the right opportunity to come as they didn't know the proper way of trading yet so I suggested to them that they should put their little money in Ethereum and wait for the market to recover.
|
|
|
|
|
They are only talking about the negative side of crypto currencies in which it can be use freely by money launderer and terrorism, in which we cannot deny it as crypto currencies can be used by anyone.
Other reason why the government will not take the risk in accepting crypto currencies is they are afraid that they cannot tax the crypto currencies and they cannot earn from it. But for those open minded government, they are taking the risk in accepting it as they know the capability of crypto currencies in the near future.
|
|
|
|
|
A reputable broker is an exchange that you are familiar with and you know that you can easily access the customer support especially if you are experiencing any problems with your transactions.
There are plenty of reputable exchange out there like binance and etc. but you need to choose wisely what you really want to use in order to purchase a cheap bitcoin so you can trade without worrying anything.
|
|
|
|
|
That fall down is the lowest and it will take time before it will happen again as the market is like up and down, right now we are still in the middle of up. So it's better to buy now and wait for the market to recover as you are also investing for a long term one and waiting for the price to goes up is not a problem with you.
As the current price of 8.2k$ is still a good price to buy as the price is starting to climb up again.
|
|
|
|
|
Your right but for those who didn't have an idea on how to invest or they don't have the resources to do it then they will prefer to atleast save their money.
But if you have time and resources then investment is the best option to choose. Even if there is a risk in investment, you will not lost your hard earned money easily if you will just do it right. And last thing, don't be greedy in investing your money so you can play safe with your investment and seek the guidance of others who became successful.
|
|
|
|
|
Most of the bounty hunters are looking for a great project with a reasonable bounty allocation so they can surely get a reward from their work. There are plenty of shit projects right now that pop ups from nowhere, therefore some of the legitimate projects will hire well known bounty managers to manage their bounty campaign in order to gain a good amount of participants.
If you are a fresh bounty manager then that is your barrier right now. You need to prove to the forum that you are managing the legitimate projects and if possible you can escrow the bounty allocation to gain the trust of the bounty participants.
|
|
|
|
|
Your decision is a good idea especially if you know how to wait or you can store your investment for a long term one as the market price will surely recover. That is how the market works and that is what I am doing also, I keep on buying once the market price will down atleast 30%.
Buy low and sell high is the principle of investment so the best time to invest is once the market price will crumble.
|
|
|
|
|
This is the evidence that the bitcoin adoption is keep on increasing every year which is very nice to hear.
500% increase is a positive indicator that more and more banks or companies are interested with cryto currencies especially in bitcoin and they see also the potential income from it. I am hoping that someday our country will follow and will put bitcoin ATM's so I can withdraw my bitcoin anywhere safely.
|
|
|
|
|
40% bonus will surely affect the price especially if the holders will start to dump their tokens but if the project team will allocate only like 10% of their total tokens for early investors to get the 40% bonus then it is not a problem.
Bounty hunters allocation are only 2-3% of the total tokens so it is not fair that they are going to blame the crashes of token price to bounty hunters only. If there is a big dump, the only responsible to it are investors and the team behind the project.
|
|
|
|
Hello:
I am new to cryptos and I must say that my first experience has been a bad one, I recently visited antminerusa.com and purchased some hardware, that was about 10 days ago, I paid using BTC, now the site is no longer available, its been down for 3 days maybe a bit more, this lead me to think this website is a scam. Now what should I do to recover my BTC, if the purchase where made using a credit card, I would report it to my bank and they could void or cancel payment, but with BTC what should I do?, if there is nothing that I can do, then it is obvious that using cryptos is a scammers paradise because there is no protection to buyer (that I know), unless there is a way to introduce the complain in the chain in order to reverse payment.
This is the transaction id 30dc4f431ac3db1949b330ab8cd31d1bb019d4831e24cd7cd7f4215fca73073b if anyone could share some light I would appreciete it.
Bitcoin transaction is irreversible so you need to be more careful in every transaction that you are going to make especially if you are buying something and your payment will be made through bitcoin. You have lapses also as you didn't check first the credibility of the website or store before you made the payment. If you have no means in contacting the website support where you bought the products then there is nothing you can do about it. |
|
|
|
|
It cannot considered a business even if you are earning more than 30,000$ per year.
It will be considered as business only if in case you will hire some employees to manage your trading and you will process a legal papers like business permit and etc. but if you are doing it by yourself then it cannot be considered as business.
|
|
|
|
|
Show Posts
