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Irrespective of the argument against the continued existence of the Central Banks, I still feel strongly that there is need for the Central Bank to continue to exist or else the turmoil that will bring will be too much to bear and the importance in the economy cannot be understated to the common man when its comes to the price of goods and services. Sometimes ago, I read about a country that had some currency crisis for a country that is import dependent the country's currency was devalued and it was serious issue affecting the poor more than the rich because the rich could afford the landing price and the same time could afford the foreign currency which they had kept in their domiciliary bank accounts during the time of stability.
Then came the savior of the day in person of the central bank who came with policies and ensure that the devaluation was minimal and was kept at par for a long period of time. The Central Bank is there to ensure balance which would have been worse off if left in the hands of capitalists that would only look after their own interest.
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If the price was the main issue, then you;d be better off looking outside of London. I can put you in conctact with other venodrs if your interested.
For me the price is not the issue, the fact that it ain't America is the issue. The price is also an issue here that one would cough out about $697,500 to buy a 3 bed house? Would that not buy an entire building? I don't get, how people reason that he could just put the advert and someone will come running ready to part away with 92btc without any justification for that whatsoever. I doubt if anyone has that kind of money and wanted to buy such property wouldn't want to do it with swam of lawyers from both ends with government agencies also present to ensure things are going on smoothly. Good luck in finding a buyer. |
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I think the major reasons are network effect, brand, and first mover advantage. I feel that it is possible that Bitcoin could drop to #2, though I don't see that happening soon.
In addition to to what others have said, I think the reason why bitcoin was popular is because all of the developers of this forks actually worked for bitcoin for the past years and this is what they built for all those years before they started pursuing other endeavors when their loyalties shifted. There is no way different parts would be stronger than the whole especially when the whole has been in existence in a long while. To buttress this, is to look at the situation of the origin of the church that broke away from Catholic and till today, no church is as popular, richer or influence decision that the Catholic church. |
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The bolded is one of the reasons why I don't see bitcoin replacing national currency and those who continue to hope for that are only assuming the impossible. Currency goes beyond the figure attached to it, it is summation of our own very existence, the culture and even the totality and people attach some non-understandable sentiments to it. Over here, you don't burn money, not because it won't burn because its a piece of paper but the community see such action as a taboo in that when one burns it, one might be poor for the rest of his life. The punishment is just to discourage such action not that it would happen because when you burn it, you don't just burn paper you burn the history, the culture and a part of the community with it. |
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Are you talking to your local merchants about Bitcoin? Today I was buying a coffee at a local shop, cost $2.75. I hand over a card and the gal says, "sorry, do you have cash? We have a $5 minimum for cards...you know...fees." I said, "I only have $2." And the gal replied, that's fine. So as they're pouring their finest for me I ask "Do you guys accept bitcoin?" And the gal says, "No, do people use that now?" Another gal walks up, "is that a thing?" Best words I've heard all week. Of course, I come back with - "Yeah! It's a thing! It's great to use, you know...low fees." Then this gal mentions "some documentary about Bitcoin on Netflix, I guess I should watch it." I left them with, "It's called Banking on Bitcoin, check it out." My point with all this extremely riveting dialogue (  ) is that a simple question like "Do you accept Bitcoin?" turned into a full on conversation. The more each of talks about Bitcoin, the more we start to raise the local awareness, interest, and eventually adoption...the rest takes care of itself! Aside from the household stores over here being run by people who are not vast with the current technological advancement in the world, every other medium and large business chains or super markets have heard about bitcoin and what is stopping them is not because they won't consider it when given the opportunity, but they legal parameters is what is keeping all of them back which means even if I talk about it anytime I visit the store, its does not change anything except its coming from an authority authorised to make such pronouncement. Few years ago when there was first deployment of POS to businesses, it seems like it was not going to work for the business that were ready to do a test run couple with other several issues that came up, a lot of people refused to accept it even when it was for free but the moment the CBN gave a regulatory policy on that and how to reconcile, every business now wants to get one at a cost at that. |
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Lately, as the development of the world's cryptocurrency, many people in certain countries after hearing the news that cryptocurrency is very attractive to be used as a tool of transactions and investments, making people who hear the news want to quickly switch to the currency crryptocurrency is when in their country eyes the money is still considered and illegal. The question is, why are those people more interested in cryptocurrency when their country already has official Flat currency and why also the government forbids the cryptocurrency? In my opinion, it would be great if the two currencies are combined only. Of course the result will be very good. Well, what do you think?
The fear of those who have maintained a position against bitcoin is not about existing together but because they are scared that if allowed bitcoin would surpass their own currency and all parameters point to that. In every climes of the society where fiat and bank accounts is being used that can be traced, people still find a way of hiding their resources from the prying eyes of government I then imagine what would happen in the case of adoption of crypto currency and the moment government loses such control then we can just assume there is no government. However, a way out is for each government to have its own backed crypto currency but at that comes with its irony because its either they need to start a massive workshop on teaching their citizens or it wont work as people who are already exposed to the current crypto currency we have would need more than some advertisement to convince them to use government backed crypto currency only if it can be converted to BTC. |
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My opinion is that allowing others to think for you, or "help" you to think is a great way to lose money, or get taken.
Also the fact that you give it away for free is suspect. You're just a nice guy/gal/group that wants to help the world?
Or are you profiting off of it?
Now, regardless of the answer, this isn't a good idea.
If you don't do your own due diligence, you deserve everything that comes to you. And it'll hit hard.
No there is nothing wrong in giving idea and its also not compulsory to due diligence on your own because an average crypto investor would only search on Google to know if the information provided by the ICO checked out which a perfect scam would have covered that part without any loophole but due diligence is more than that as it goes deeper than the face value of it. Even in the corporate world, a firm does not just put money into any business, they hire external consultants for the due diligence projects then come up with several recommendations on whether to move forward with the investment of not. The difference here is that the external party is being paid and would be held liable if their report turned out to be wrong thereby misleading the investor. If Op could make some guarantee and even charge some fees to that effect, I don't see anything wrong in the service he is proposing to offer to the community and he could make a name for himself but rather making the report public, he should rather keep it private. |
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Can anyone answer me? Thank you for reading
With this, you have just successfully sink your account that it might not recover from the moment a DT member who does not condone acts such as this. I checked through your posts to see if its maybe because you are not getting the right recognition that is why you want to go this route but its not that but because you want to increase in rank so that you can focus more on your bounty escapades without adding any value to the community which is what a lot of people get pissed with. I just hope you can change, learn the right way its being done and how merits are awarded and you can increase in rank in the right way without trying to cut corners at all. |
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"Bitcoin has now gone 173 days without a new high. Longest streak ever was 1,176 days (from Dec 2013 to Feb 2017)." So I came across this fact on twitter, and checked obviously (always DYOR haha) so what do guys think this says about BTCs current position, or what it does for the much anticipated bull run. We know that Mt. Gox "helped" make that previous streak a reality, and current conditions are not even similar, there is much more awareness and players. But do you think the the overhype that took it to 20k and its followed drop for the past 6 moths (which caused major disillusions) , will make it more difficult for BTC to reach new highs?
If we are making comparisons, don't you think its rather unfair to compare movement in 173 days with movement in 1,176 days without bringing in other factors that could have affected price of bitcoin to swing both sides. For me, if you restrict the previous 1,176 days to 173 then compare with what we have currently, you will agree that price is not doing badly at all and the all time high that we witnessed towards the end of last year opened everyone eyes to how far can price go without any basis and we are yet to recover from but the earlier the better as that is when we will start seeing potentials in the current situation. |
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All of the suggestions I have read in this thread is summarized into one sentence which is ''Don't get Greedy''. If anyone can comply with that, you have cut down the chances of being scammed to 80% the other 20% will then come from someone who wants to enter into a legitimate deal but the other party decide to play a fast one after all the precautions.
Its only when one is greedy that you will see 15% weekly investment that you want to be involved.
Its greediness that someone is selling a phone at less than 50% market price and you see it as an opportunity that once lost might not be regain.
It is also greediness that would want you to exchange your bitcoin for reversible payment because the individual is buying at a premium.
Its also greediness that make you lend out funds without adequate collateral simply because the borrower is promising high payment rates etc.
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Dumb Newby question: How long should it take Bitcoins to reach my Edge wallet from Bitcoin ATM? Transaction about 45 minutes ago, and still nothing. Have receipt, but not worth much with this stuff.
I would appreciate if you would have come back and give update on the progress of the transaction because of those that might want to try it out. I have not used a bitcoin ATM before but 45 minutes is surely a long time to receive your coins and there is no way to get the transaction id for you to confirm on the blockchain if the transaction has been sent or not. Since you have your receipt and before the company would be allowed to put their ATM in that location of yours, it surely must be known to the relevant government agencies and that is why I want to believe you have not been scammed. The only explanation I can give here is that from the back-end, the transactions are not sent in real time but rather in batches for them to reduce make more money in reducing the transaction fees. |
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Hello every one, I'm a newbie here. I wish to learn more about crypto currency. I want to also understand how one can qualify for airdrop. Thank you all. I'm glad to be here
You have just stated your primary objective which is about airdrop because I don't expect someone who is brand new about crypto currency to understand the term airdrop and I would advise you to focus on learning about crypto currency, then about the forum rules before thinking about airdrop that can generate some income for you because without that, you might run into trouble real quick which might be difficult to get out from if you didn't understand the rules especially the unwritten ones. Knowing about crypto, you have come to the right place as there are several threads that you can tap knowledge from without doubt all you need is to locate them and not be lazy to read. In the process of doing that, all of your other curiosities would be answered to by default that you wont know when you became a master in all of those things that initially sounded like a mystery when you started. |
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How come you call gambling illegal when a government decides to legalized it. In USA, an entire city like Las Vegas is known for the gambling tourism and people from around the world visits Vegas to play gambling for their entertainment.
You are also talking about taxes. It is a win-win scenario for both the gamblers and the government. People get their entertainment and winnings/losses and government get their part of taxes. Both parties are happy. Where comes the illegality??
I guess the confusion is about gambling being immoral rather than illegal as we might have some actions that are immoral but legal based on the context of the law of different jurisdictions. The main reason why a lot of people have this view is about our upbringing either religious or social environment that people were taught that the best way to make money is to work and didn't classify gambling as work but rather leaving someone in a disadvantage position for you to smile. That understanding is always difficult to shake off even when one is an adult and you still value religion as the path to righteousness. The economic impact of gambling cannot be swept under the carpet as its very obvious for people to see. Imagine the economy of Las Vegas without gambling? talk about the value of land, businesses, hotels, workers there, banks and every human endeavors. |
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Macau's gross gaming revenue failed to reach analysts expectations in May leading to several casino operators experiencing a decline to their share values. Macau's gambling commission, The Gaming Inspection and Coordination Bureau, showed in its latest monthly report for May that gross revenue from games of fortune only totalled $3.15 billion during the month. Despite the revenue being higher than the $2.82 billion it registered during the same period last year, it more importantly came in well below analysts’ expectations for the month. https://www.gamblinginsider.com/news/5360/macau-casino-stocks-slip-after-may-revenue-reportI am not surprised of the report and would more concerned if it had been otherwise just like a company declaring excessive dividend when the industry is in shambles because its expected. When the whole of platforms that aid the spread of crypto currency thereby leading to increase in activities was doing everything possible to frustrate the moves eg Facebook, Twitter and comments targeted against crypto currency without mentioning countries like China that have stifle the growth of crypto, no words of support from them was heard despite the amount of revenue coming to them by issuing licences and regulating activities, they were there hoping for miracles to happen or thought crypto market is solid enough for all of those attacks not to have any effect. The simple truth is that if something is not done concerning the attacks on bitcoin, the revenue is expected to drop further and it would affect every businesses running with the aid of the currency from the gambling sites to the exchange sites etc. |
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Hitbtc has suspended its services for Japanese residents to avoid any trouble with the country’s financial regulator since it is not authorized to operate in Japan. Users with Japanese IP addresses will be asked to provide their residency information within the exchange’s know-your-customer (KYC) procedure to prove they are not residents of Japan. details of news ; https://news.bitcoin.com/cryptocurrency-exchange-hitbtc-suspends-services-japan/Just like the way several crypto currency affiliated businesses refuses to accept US citizens, the same way HitBTC is refusing Japanese people which is the best route to go at this point and I am glad that their legal advisers recommended such for them because what the authority needs is just one probable cause then they unleash their terror on the admin of the site from where ever the site is being hosted from and with bilateral relationships between countries, it won't be too hard to do couple with the amount of resources that would be made available which might led to the end of an established business. The best is to just avoid being in such position. |
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Here is one area where blockchain based software applications could have potential--to cut down on wage theft.
The number of hours an employee works could be coupled with the wages they're paid inside a blockchain to make the information difficult to falsify. This could help with cases where wage theft occurs. Although to be 100% honest, wage theft could be too widespread and standard a practice to be defeated at the software level. There could be a real need for state regulated push made to penalize employers for these illicit practices in order for anything else to be mildly effective.
I would be interested to know whether nefarious practices like wage theft are becoming more common, in peoples experience? The most obvious and publicized example could be employees in the gaming industry not being paid for overtime. EA games was sued more than once for this. Supposedly its extremely common in the game development industry. But I have not heard about it much in other aspects of life. I think this is an area which could be publicized more and given more attention.
This is another huge social epidemic that would continue to widen the gap between the rich and the poor because the poor are the ones needs the extra buck from overtime to augment their resources for it to be able to meet up but now being denied, it then mean they earn less, they save less which means some will have no choice than to pass the hope of prosperity to their offspring and their future generations. I get the part on how blockchain could ensure more transparency but it does not remove the human factor because no organisation would install what they cannot control for its workers and because a lot of employees of private establishments have no labor union, they tend to be caged and in countries with huge labour, they are at the mercy of their employers in which management can mandate the number of hours employees can fill irrespective of the number of hours worked. |
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This is one hell of a trend analysis that is hard to ignore because the price has been witnessing some increase since the day break which might confirms that uniqueness that surrounds on the 6th. On looking at the graph though the high point was established but not the point at which price started going down and this is equally important because that point is also key to know when its the right time to exit the market which makes the analysis to be passed as coincidence. The unique thing about crypto market is that whenever a trend has been established and made know to the public just like the above, it tends not to obey the law again which means anyone relying on this to make decision is probably doing so at his own risk solely. |
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We all know all mighty bitpanda, yeah the one that allowed direct sepa transfer and also offers easy to use wallet.
Yeah, they also recently ran their pantos ICO in the name of better and upgraded service. Obviously I also invested there not much few hundred bucks..
Wow, got an email about new user interface they have and multi coin wallet with zero fee during transfer between two bitpanda accounts. Looks amazing...
Wait wait.....
This actually turn out to be worst, they have added mandatory account verification before you can deposit or do pretty much everything.
This is even better at least, as a new person who wants to visit their site, he is given the option of whether to go ahead to deposit or not if he can comply with the requirements unlike other platforms that won't even give any notification if you want to deposit only to come up with myriad of forms to fill when you want to withdraw. I have money there man, I have tokens (PANTOS) so I don't have problem giving them my docs. Lets search for my country in their verification page, what? They don't have it and not even 50 countries. It turned out they only have european countries in their list. So now what how we all gonna get out pantos or other coins out? Does other have same problem?  No notice, nothing and now we can't even move our coins?   The numbers of country will surely increase I think its because they just implement it and its a gradual thing. There is no way they can sustain that by restricting their client base to Europe only if they are planning to close business very soon. The only issue I have with this the absence of notification which makes all of this new policy done in bad faith which should be rejected because they are locking people out from accessing their own money. |
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Hello. We are group of experienced traders currently trading with bitcoins purchasing alt coins and making phenomenal profits. We are paying big money +20 BTC all over the globe to obtain insider information to stay ahead in this game. anyone who wants to multiple bitcoins we offer portfolio management. NO b.s only real results upon interest we can show our real trading results from Bittrex Binance accounts. our accounts are up to 3000% since 2017 if you are interested pm me with your contact details so my group can call you and explain everything.
Do you know that you have just confessed to a crime by virtue of the bolded statement? if its in a finance world. There is nothing wrong in predicting ahead of the market in other to make some moves but obtaining privilege information to trade at the expense of other market participants and admitting to it is what is wrong. If you had told me that, 'oh, what we do is we do in-depth market analysis, historical trend, news around the globe to make informed decisions' that I can live with even though you might not comply with all of those. But with the admittance of that, anyone who then go ahead to do that would be an accessory to a crime which is maybe related to a news posted on the forum a week ago about US Justice department wanting to investigate cases of price manipulation of crypto currency. #my opinion though. |
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I've never been using exchanges that much, didn't have the need at all, so I have no idea which ones are somewhat good, so I figured someone has some experience with, at least, a couple.
I need to exchange BTX and the available ones are: bit-z, coinexchange, cryptobridge, cryptopia, exrates, HitBTC, trade satoshi, vebitcoin and Octaex.
The bolded is the only one I have account on that I have used couple of times when I want to exchange crypto. There KYC is not too difficult and its only applicable if you are exchanging above $1000 which is not too intense as you have to set some high level password which can be done using Google authenticator only that you wont have access to your funds in 48 hours. Since I have been using them, I have not had any issues but I have read about some bad reviews about the experiences people have had on the platform but I feel its more of customer service experience though. You can do your due diligence before going to trust them with your precious coins. |
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