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In my opinion, I think we should focus on accumulating bitcoin and Alts. Because next year seem to be well for cryptocurrency. There would be no room for much deep, as the market seems to be recovering through my personal analysis.
Talking about the subject matter, learning blockchain is too broad, but focusing on one aspect of it per time would be better.
But the knowledge of integrating blockchain into our daily activities is necessary to further engender mass adoption.
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Big Bankers Say Cryptocurrencies Do Not Pose a Threat to Global Financial StabilityThe Financial Stability Board, a global inter-governmental body with over 20 member countries, has ruled that virtual currencies are not a threat to the world economy. The assessment could have an impact on India, whose central bank is part of the board. FSB Says Cryptocurrencies Won’t Affect Global Financial StabilityWhile the crypto winter shows signs of dissipating, 2019 may bring good news for the cryptocurrency ecosystem in India. Highly unfavorable regulations imposed by the Reserve Bank of India, the country’s central bank, have forced many companies in the industry to leave or close down. However, last week’s report from RBI gives new hope to the country’s crypto space, as all signs point to easing its stance on digital assets. According to Quartz, the Financial Stability Board (FSB) has said that virtual currencies are not a threat to the world economy. The board, established in 2009 in the aftermath of the 2008 global financial crisis, includes finance ministers and central bankers from all of the G20 nations. The board’s assessment came to light after RBI quoted the agency in a report released last week, Quartz reported. The FSB’s initial assessment indicated that crypto-assets currently do not pose a risk to global financial stability. India’s Central Bank Could Be Easing Its Stance on CryptocurrenciesEven though these assessments are not legally binding for any of the FSB’s member countries, they are usually adhered to in order to maintain global standards, said Quartz. With that in mind, the report was well received by the crypto community in India, who see it as a ray of hope for the following year. India’s central bank has effectively banned cryptocurrencies, forbidding all banks operating in the country from providing services with companies in the industry. Businesses and traders have been vocal about the need for more regulation in the industry, saying that the lack of transparency when it comes to the legality of the assets opens doors for government abuse. On December 28, 2018, Pon Radhakrishnan, the minister of state for finance, told the lower house of the parliament that the country still hadn’t set a deadline for any norms regarding the industry. However, Nischal Shetty, CEO of WazirX, an Indian cryptocurrency exchange, told Quartz that a lack of regulation isn’t always bad news. “It probably means that the government of India does not see cryptocurrencies as a matter of immediate concern, or something that needs to be regulated right away. This at least means that fears of a ban are not imminent,” he explained. Cryptocurrency enthusiasts may want digital currencies to one day replace fiat. Yet, it seems that the G20 is not too concerned. Perhaps this will give crypto more time to flourish under the existing economic framework. Reference: https://cryptoslate.com/big-bankers-cryptocurrency-not-threat-global-financial-stability/ Is what they call financial stability the privatization of the financial sector? Despite the global financial stability by traditional banking, it couldn't stop economy recession. Then why wont cryptocurrency if well regulated not engender global financial stability. The Analysis has proven cryptocurrency to be the liberator of our financial stability. But I don't want fiat to be entirely eliminated due to crypto volatility. |
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By having a weekday 9-5 job, i must say my eyes aren't that keen anymore for trends and hardly made any good decision on buying/selling alts. Basically what i did is: Weekdays: Coinalarm app to observe my portfolio real time but it's far less efficient and responsive to market movement, Slack and Telegram app are linked as well but still is very difficult to process insightful information while in working mood. Weekends: More active than usual but time is limited  Any opinions or suggestion to improve my current situation? Thanks in advance and sorry for bad english  If you believe in crypto than your current job, then take a lesser job to enable you have time to manage your portfolio effectively. You can as well set your sell or buy, or possibly engage in long term investment in order to have control over your job. In a nutshell, proper management of portfolio requires maximum engagement of the owner, and good knowledge of the market. |
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Currently looking for volunteer writers for a cryptocurrency and stock news website, please comment if you're interested in volunteering.
It will be difficult to get volunteers here, while you make money from their work. I will advise you to retrace your step by monetising it. Even NGO pays volunteers for their activities, therefore not adding any compensation to an activity that consumes time, energy is unacceptable. |
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I see the World is Going to the Way that no Middle men anymore!
Like decentralized banking the New era of living.
Like uber and Even mobile apps where u can hire someone for the Job or u can get job anytime When u Want....
But the question is :
What about Middle - men?
If we Don't have banks anymore traditions ways then are the bankers Will be unemployed?
Do you think life without middle men Will be better?
Decentralized banking is not achievable because it's too broad. One can only decentralize a particular activity or function of the traditional banking. Some blockchain functions are not fully decentralized. Less we do be able to call back lost transactions. In a situation where you discovered that you have sent cryptocurrency to a wrong address, you do retrieve the transaction so far you are the one who initiated it. So talking about decentralized banking seems deceptive or unachievable. Getting rid of middle men will surely increase unemployment, but will it be possible to totally get rid of them? Due to the fact that blockchain Technology itself is not fully decentralized. |
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Many says that banks would become obsolete if cryptocurrency would take over the world in the future, but i guess not. Here are some of my assumptions on what would be the situation of banks in the future with cryptocurrency.
1. INVESTMENT
Banks will take an advantage to cryptocurrency using it as their main source of investment. They say, if you cant beat them, join them and bank owners would do everything to fit into new society of financing to find clients on the new generation and still earn from them. Instead of UITFs or mutual funds, they would go for crypto investments.
2. CURRENCY
Or perhaps i would say a dollar account. As far as i know, banks offers a local currency account and a dollar account which can be used for international transactions such as shipment or travel. On the cryptocurrency era, there would be a local currency, dollar , and cryptocurrency account which probably an electronic account. Dollar wouldnt be a big hit that time because crypto can function the same and more effecient to do.
3. LOANS
Who can say that you can only loan fiat on banks? When the time comes, bank can offer crytpocurrency loans which can be used as an investment, business or buying something on cryptocurrency market. Im sure all items can be purchased using crypto that time including cars and real estates. So getting some cryptoloan wouldnt be a problem.
4. SAVINGS
ofcourse, the most wanted of them all. Who.doesnt want any security for their treasured cryptocirrency earnings? Banks which has the main function of keeping your money secured would offer crypto savings which produces interest over time. Preventing scams and hackers that we all afraid of.
As you see, banks would rather adopt than being extinct. Its like those businesses who innovates when society changes. If cryptocurrency overpower the economy, they should go with the flow to survive
Banks won't be obsolete, they have lots of functions that would complement cryptocurrency. This include lending and servicing of loans etc. Banks have survived several setbacks, and they are the oldest financial institutions. So when they are ready to join blockchain Technology, they will come prepare to create a system that will be trusted and to maximize the potential across the platform. |
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Read the full article on the challenges and possible solution to living on Bitcoin daily here: www.forrestvisions.com/blog/living-on-bitcoinWho here uses Bitcoin daily or lives on the financial crypto market? I personally use Bitcoin wherever I possibly can, and accept it directly without converting it to fiat immediately. I have been using Bitcoin daily for years. (Ever since Bitpay started improving its Bitcoin debitcard product) The possibility of living on bitcoin is not yet visible in my geographical location. Though I do convert bitcoin to fiat before making payments of goods and services. The speculative price of bitcoin doesn't encourage me to bank on it, despite that the digital asset is the most reliable on the long run. The Popular and Unpopular ways of living on Bitcoin are interwoven as they aid the scalability of bitcoin. |
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It is impressive and involved comprehensive research to compile these resources. It is a short cut in gathering various projects across blockchain Technology. And you have as well helped in creating awareness about the various projects. To be sincere, some of the projects are new to me, but these compilation has empowered me to research about them. I believe that this will be appreciated by other people too, you should as well publish it on other platform
You really should put more effort in making posts and make it less obvious that you're just doing this for your signature campaign. Your entire post make no sense whatsoever. It is uncalled for to make such comment on my earnest opinion about a subject. Even though I wear a signature and have a lower rank than you, that doesn't make me less human. I respect your opinion, but it is wrong to talk down on my contribution because you have a higher rank here than I do. why didn't you make such a remark on the first comments? If you weren't wearing a signature, I would accept your comment as a piece of genuine advice rather than a subversive gesture. Your response has aswell prompt me to check your trust level to know if you worth it, and I saw a bitcointalk user commented that "you have a history of accusing other forum members of wrongdoings by using unsubstantiated statements/false conclusions as evidence". Please, endeavour to unlearn your bias. |
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I realy want to buy Bitcoin i have 5000$ give good idea plz
Every investment requires good knowledge of it before diving in. The money you have now is a headstart. Make enquiries from investment platforms, study investment analysis. Also, You can buy in fraction, but you should be ready to engageyin long term investment. Because that will help you not to panic in this era of volatility. Go all in to purchase bitcoin with you available fund, and use a blockchain wallet to store it for Safety, do not keep it in crypto exchanges of mobile wallets. |
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This is a welcome in the right direction. Seeing one of the world famous country pick interest in cryptocurrency, indicates the value of the project. Going from criticism to government acceptance. This will lead to more adoption, despite that full anornimity of transactions is not guaranteed. This development will also encourage other countries who rely on the development strategy of France for their economy advancement to join the digital currency train. |
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So I own $1000 in bitcoin but I want to invest the remaining amount to accumulate a whole bitcoin. The prices fluctuates every second so how can I do this on coinbase? I believe this is called a market buy order and I've looked at the steps on how to do this but I think they're outdated or wrong.
Your available $1000 in far below the current price of bitcoin. The volatility of bitcoin won't allow you to purchase at such a price for a whole bitcoin. But if you are a professional trader, you can use the $1000 to trade with Alts that has a good market value, or better still invest in prospective projects IEO or ICO then will you be able to own a whole bitcoin in respect with time. Don't feel discouraged with the turn out of some previous Alts. Check the signature which I wear, you may prefer investing in it. |
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Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.
Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.
People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.
That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.
99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.
Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.
Do not spend your Bitcoins. Not now.
This is a misconception of what bitcoin is all about. Firsly, 'Money is any item that is commonly acknowledged as installment for products and ventures and reimbursement of obligations in a given nation or financial setting. The fundamental elements of money are recognized as: a mode of trade; a unit of record; a store of significant worth; and, infrequently, a standard of conceded installment'. Therefore, Bitcoin being an electronic money doesn't mean it shouldn't transcend to fiat. After all, paper money is also converted to electronic money for ease of transactions. Bitcoin already has a monetary value, despite the shackles that besiege it mass adoption, it has continued to break new ground as several countries and businesses have permitted it use for transactions. And with time, it will gain mainstream adoption. |
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Is KYC is benefit to crypto people or not. what are the advantages and disadvantages of doing KYC. Universal money and Anonymous is the biggest strength of btc BTC, now every country follows KYC and then it can be controlled by someone. Now KYC is trend in crypto market.....  Anonymity of transactions is good but it's not ideal for the world financial system, as criminal groups could use is for their nefarious activities. This prompted KYC which is used to know the owner of every crypto bought or exchanged. The help government to have trust on crypto less they will do everything possible to halt it. Therefore, KYC is beneficial to crypto people as it has built confidence and aid continue of crypto in gaining adoption. |
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Thanks for the overview. But trading signals are not to be trusted, they are like ponzi scheme that get people stocked at the peak of the pyramid. Just as pointed earlier, "if you have a trading signal that will give you an edge, why share it with everyone?". Trading signals are in the same category with those claiming to be crypto account managers online, who end up robbing their victims.
This is my own opinion, but I will suggest you should DYOR to fortify yourself against unrealistic trading signals.
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The traditional norms made us believe that savings are a safe option to store your wealth.
But is it true now?
With inflation, we all know that the prices of the wealth we have kept in our savings account will decrease. What is the use of saving when ultimately we are not even able to enjoy what we have been saving for years?
The smarter option?
Investment! Investment is not gambling if done rightly. Very often we see people not putting too much effort into learning and jumping into FOMO. They don’t have enough guidance that will help them to invest better.
FOMO is for day traders and those who want urgent profit. FOMO shouldn't be considered as an investment. Saving is good but to not devalue it worth due to inflation, I do prefer saving with fix deposit a reasonable percent of my money. Every form of savings should add value to it what was saved, people should reduce stockpiling money in the banks while banks lend your money, or use it to trade. They make a profit from your savings without interest, rather they still charge you for Saving( Using) your money. We should do anything legally possible in ensuring that our savings add value rather than devalue. |
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Hi all,
Could really use some advice.
I recently discovered Bitcoin / cryptos. As you imagine my mind was blown and I got my hand on a few different coins.
I’ve randomly come across a trader on LinkedIn proposing account management services and get weekly payment back from initial investment, such as $500 get you $1500, $2000 yields $6000 weekly and so on.
It smells too good to be true, but at the same time I have zero knowledge about trading, except that it does exist and some people do make money from it.
Are these guys all scammers, or can you actually get a good trader to grow your account for their own benefit as well as yours? So far he proposed to open an account on Coinmama and go from there.
I would greatly appreciate any advice, thanks in advance!
Kouyoku
Firstly, I will say welcome to crypto and I am glad that you discovered cryptos not too late. I am also aware of these sets of self-acclaimed account managers and their mouth-watering offers. I want you to understand that if this is so easy to generate such profit from managing crypto accounts, a lot of popular speculators with track records would be account managers today. These self-acclaimed account managers are all over the internet prophesying huge profit when you entrust your crypto and portfolio with them. Please, ignore such offers rather than buy Bitcoin and hold, and as well make personal research on Alts that will give you a good return. Stay woke and smart, the world that we are in is full of pleasure and pain. |
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In one year, most of Bitcoin's rally usually occurred within a few days. Therefore, the "Hold Bitcoin" strategy is still considered the best, according to Binance Research.
In fact, in one year, the pump for Bitcoin only happened in a few short days, and most of the rest was sideway. Therefore, it is easy for investors to miss the pump if they are not regularly watching the market.
According to the recently published data, since 2013, the annual growth performance of Bitcoin only occurred in about 10 days, which means that each year we will have 10 days that Bitcoin actually increases aka "pump". After this 10 days, Bitcoin will go sideway and the growth performance may decrease by 25%.
Therefore, the actual pump of Bitcoin is very short, it is only a blink of an eye compared to the rest (sideway or decline).
However, there are also many ideas that "not every Hold is the best". If a person held bitcoin before December 2017 until now, they would still lose more than 50%.
If you are an investor who does not have much time to observe the market, nor know the analysis of charts, then the Hold option is the best for you.
And for investors who like to "trade", certainly Hold is not their choice, because the short-term waves are the time when they make the best profit.
How about you? Are you holding Bitcoin
Holding bitcoin is still one of the most reliable. But if it takes only 10 days each year to get Bitcoin pumped, then it is discouraging to raise the hope of investors on the presumed 50 to 100 thousand increase of Bitcoin. Should we say that these prices are hyped to attract investors, while speculators make their massive gains in every pump? Binance is a top crypto exchange that makes it reliable when it comes to crypto data analysis. Despite all the analysis, i am holding bitcoin and also have a portion for day trading. |
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It is impressive and involved comprehensive research to compile these resources. It is a short cut in gathering various projects across blockchain Technology. And you have as well helped in creating awareness about the various projects. To be sincere, some of the projects are new to me, but these compilation has empowered me to research about them. I believe that this will be appreciated by other people too, you should as well publish it on other platform
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The fact that altcoins like ETH, BCH and others are slowly gaining more use has made me thinking. If somebody were to HODL one currency, what could it be?
A 100% altcoin portfolio? Or a 100% bitcoin portfolio?
Or do you support holding multiple crypto coin holding?
I will suggest for you to spread your investment. Yes, Alts is gaining traction but suggesting the Alts that should be HODL is not ideal. When you multi hold cryptocurrency, it help you to know the best for long and short term growth. I also understand that some person would prefer holding bitcoin alone, but that would be centralized. Which when the challenges arise, the risk will be magnanimous. Therefore, I will encourage spreading your investment on multi crypto assets. |
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I have seen people here as well as on internet who suggest people to go in Bitcoin whatever they earn from their income sources like Job, Home, Real Estate, Other assets etc.
This is not the wise choice. Whether you say good or bad to Warren Buffet but being one of the greatest investors he said " Dont put all your eggs in one basket."
Thing is we are still unsure about the future and adaptability of bitcoin or crypto currencies. What if someone enters in crypto with all what he got and loses due to some volatility? I have seen people like Didi Taihuttu who sold everything to buy bitcoin. But have you ever thought what was his entry point? His entry point was less than 1000$ per bitcoin. By the way i discourage this behaviour of Didi Taihuttu to put all your money in a single thing.
So be sure where are you going in future and be realistic with your goals and just execute them. No one will have ever written on his grave that "He earned more than the market average."
Kindly dont give bad advice to people here and on internet. Just take it as an opportunity not as a thing to put all what you got.
Normally, it is not ideal to put "all your eggs in one basket". Didi Taihuttu behaviour was necessary for professionals who have an indept knowledge of the prospect of Bitcoin. He took the highest risk and it paid off for good. But I will advance anyone to disease from such act at this period of high volatility of Bitcoin. Learn to spread your investment . There are offline investment that are still profitable, and Alts too. Bitcoin is not the only lucrative market.Endeavour to take risks that you can manage the impact incase it turn sour. |
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