I'm unable to find a precise classification and/or similarity between the two words - debt and loan. Should we consider debts (where people are helped financially or in a way they want that help - and they need to pay it off either in instalments or at a go, be it through paper money or by any other means according to the agreement) as loans OR Is there anything that could help us classify both these terms and show some dissimilarities and differences between them?
I guess that debt is just a term used to describe the overall net level of one's finances, while loans are describing individual deals or contracts that are being made which result debt/credit. A loan obviously constitutes as debt to the party who is actively taking out the loan agreement, and I don't really think that there is going to be that much of a technical difference in some scenarios where you could use both terms interchangeably. Every single debt is technically incurred through one form of a loan or another, what varies is just the terms and length. Don't think that you can say that loans are a part of debt though. Loans are a form of debt, but not a part of it. |
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Being aware of bitcoin doesn't necessarily mean that these people are actively uing bitcoin.
The actual adoption rates in terms of bitcoin use is probably still extremely low, and even within the group of adopters within the USA right now I'd say that the majority are using bitcoin as a speculative instrument instead of actually using it as a currency/store of value in the long run.
I'd say that there are definitely huge increases in awareness for bitcoin worldwide, but this awareness often doesn't translate into actual use. Also, it's important to know that we don't know how accurate these figures are given that the sample most likely all conducted the survey through the internet, leading to data bias. But all this means that there is still just so much untapped potential as adoption rates still has huge amount of upside in the long term.
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How is bitcoin a security?
I feel like this decision may actually be more relevant in terms of ICOs instead of Bitcoin, because of the fact that they are actually offering a crowdfund sale at the start of their project as investment for participants.
That's completely different from what bitcoin is, it does not have an ICO or crowdfund and is decentralized. It is extremely illogical for anyone to describe bitcoin as a security especially when you know that bitcoin does not produce any dividends.
This could see higher KYC requirements which is already present in crowdfunded crypto projects, but bitcoin shouldn't really be affected imho.
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Regardless of whether or not these news are made up by whales, it is fairly accurate as to what the general reaction of the market is to news.
Sometimes these news aren't even relevant to the long term potential of bitcoin, or even the bitcoin network itself. What Goldman Sachs are offering here are literally just another bitcoin third party product. It's no different to the decision of the ETF, which pretty much no one cares about now.
Also, regardless of whether these negative news are intentionally put out, it does put irrational FUD within the market. We know that we're in a bear market, yet some traders in the market seems to panic at some completely irrelevant news? Accumulation over time is the best strategy in a bear market like this, not getting your emotions affected by negative media coverage and forgetting about the long term potential of BTC.
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He's essentially using the argument that since bitcoin fell by this much within the bear market, it must continue into the future. He's not backing it up with any analysis, it's purely opinion and speculation. We all know that he's wrong - bitcoin can't be worth zero as long as there is a demand for using the network, and there will always be demand for it. Does he not understand that bitcoin is just currently in a bear market, and due to the volatile nature of bitcoin, it essentially means that bitcoin has always historically corrected around 70-80% down from its peak before recovering? The article sums it up pretty nicely. To us, these sorts of articles obviously don't carry any weight given we know what's going on with the market. The mainstream may be misled into believing it, though. |
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This is crazy. What part of their site is not plagiarized?
They didn't even put any effort into exchanging parts of the many paragraphs that they've copied onto their site. It's literally just pasted over at face value. I guess that's how ruthless scammers have become now that they know there's going to also be a bunch of investors that don't do their research before investing.
Their statement that they're the first decentralized bidding platform is also probably false, considering that I've heard this pitch many times before in other projects repetitively. Not surprising if their team members were all fake either.
Also, anyone else noticed that there are a ton of ANN bumpers working on their thread (against forum rules)?
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I'm not familiar to the world of trading (even the traditional ones). Can someone explain how a crypto exchange (like Binance or Kraken) benefits a cryptocurrency?
In a decentralized cryptocurrency, exchanges shouldn't really matter. However, there are some tokens/coins/assets that have such low makret capitalization and have just came out that once they get listed on a major exchange like this, the extra publicity and liquidity causes their markets to go up. But in terms of real on chain benefits, exchanges do not affect any of those. I'd say that only an asset's liquidity and price would be affected, just as you would see when a company goes onto a major stock exchange. |
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In the last few days, I looked at the exchange rate and saw an increase in USD in any currency so that some countries experienced inflation and crisis. I don't understand why USD can rise so high? Does this also affect the decline in the crypto market?  Since bitcoin is a global currency, I'd say that it could be a possibility that through the UUSD's appreciation, its price against the USD may have depreciated as well, since all prices are relative to each other. Essentially, demand for BTC from other country may have fallen due to the USD hike. But that's just a theory. No one knows for sure what exactly the cause of the price drop is, I personally think it's just normal market activity. You're wrong in assuming that rising USD prices mean that other countries suffer inflation - they don't. Some exporting countries may even enjoy the rise in USD prices which makes their own exports more competitive. It does make imports from the USA more expensive, though. |
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These mainly target newbies and greedy people, because even slightly experienced bitcoin users know that these are obvious scams.
The fact is that you can simply never find the private key of an address just by some kind of tool. Plus, if you fall for these types of scams, it has a double negative consequence. You're not only paying for that tool that is so obviously a scam, your computer also might also get infected by viruses.
Also, stay away from "bitcoin generator" sites who claim they'll double, triple, or even quadruple your bitcoin. These are without a doubt ponzis or just outright scams that will take your money and exit scam. Use your common sense.
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I've read "The Age of Cryptocurrency", and I'd say that it's worthy of a read for every beginner. I'd recommend it.
I wouldn't necessarily read "American Kingpin" as a beginner unless you are into criminal stuff, but that essentially has very little relevance to how bitcoin actually functions and stuff like that that should actually matter to a newbie.
Anyhow, I think that reading these books would be tremendous help to beginners, since they do offer some different points and perspective compared to something like a tutorial online which may only cater to the general needs of beginners and not going into that much depth at all.
You can get all of these pretty much online, but if you're into old school, physical copies, then perhaps Bitcoin for Dummies would be for you, as it may be available in libraries. It probably would not go into as much depth and opinion than the others, though.
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I have an unverified account with money inside (not much but it's mine not theirs). I came back from holidays and wanted to start trading, so i logged in in order to get verified, though they never gave us a specific date, so we can withdraw or not if we dont want to get verified. I keep trying verifying for a whole week with high quality photos of formal ids (either driver's license or id), and i keep getting rejected by their system. I asked support for help since i ve reached the max number of verifications tries, however it is slow and they keep replying me with non-sense responses(they suggested me to upload my driver's license, since it was more new and of better quality than my id, and after i did that the same hour they rejected me). Furthermore, today is the 2nd time i ve reached maximum number of verification tries.
I ve written them that since its not my fault that i m not getting verified and i was willing to get verified, i demand as a customer to delete my account and return my balance and they deny it, with a reply that they cant give me my money back unless i get verified.
Question 1: Should i worry?
Question 2: Do any of you had the same problem?
Question 3: Should i contact a lawyer?
I dont really know what to do and i me nearly out of options and will ...Anyway after this awful experience, in which the fault is not mine , i m thinking seriously to get verified(lol if i am able to do it) and then delete my account since this is at least unacceptable.
The fault is obviously on their side, if you're providing a genuine ID. Which country do you live in? Do you live in a pretty obscure country which the ID may not be automatically recognized by the system? That's really the only reason that I could think of if you're constantly getting rejected attempts out of the automatic system. Otherwise, I don't know. There really isn't anything that i've seen previously resembling your issue exactly. With the legacy Poloniex account gone, you obviously can't expect to get funds out of your account without being verified. Unfortunately, that's the harsh state that crypto regulation and KYC is in at the moment. If your license/passport/any other form of ID is relatively old, then perhaps try renew it irl before you try verifying again. Obviously, you'd have to contact support manually to get this done since you've reached your limit for the automatic attempts. Yes, you should worry. But I don't think that a lawyer is necessary at the moment, it's a huge waste of money and time. Ask them for specific instructions, try to get your ID renewed or something, and just keep in touch with the support. If they still don't verify you after a few months, then you could pursue legal action if that's within your means. |
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You're completely right about the points that you mentioned.
All centralized payment methods have the ability to be reversed, regardless of whether or not they actually say it. This is because of the fact that all of the transactions are stored on a central server/database and can be modified. Fraud happens often, and merchants are often out of pocket for these fraudulent transactions that get reversed.
With bitcoin, it's immutable. No transactions can be reversed on the network, which is a huge protection for sellers.
There are other benefits including the fact that bitcoin doesn't get affected by long term fiat depreciation, and that it can facilitate international transactions without extra fees. Bitcoin going mainstream is only a matter of time to me.
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I think that the primary stakeholders with exchanges manipulating their stats would be the users themselves - they are essentially gamed into thinking that they are trading on some major exchange, while in fact their volumes are in fact, faked.
A major exchange faking their statistics would influence total bitcoin trading volume as well, probably to a lesser extent. Some people do trade bitcoin according to the volume, but I think that overall, if anything, faked volumes would in fact drives prices up somewhat instead of down. I don't think it makes much of a difference anyways.
I don't think that anyone is faking "prices", here. It's just volume, and there are no reports I could find of Bitforex faking prices altogether. The price drops we see are most likely due to regulatory concerns of Goldman Sachs and just the bear market itself, and shouldn't be affected by exchanges faking volumes per se.
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It's similar to how pretty much what most of the countries around the world are doing with crypto taxation.
If you receive income in the form of bitcoin, obviously you're going to still be paying tax on it. Bitcoin is not some sort of tax haven, it's merely just another form of payment for income in the government's eyes. And this is pretty much all this policy is about, there is nothing special here. It's interesting though that they're regarding CGT as regular income tax, and having no apparent policy as to using bitcoin as a means of payment.
The tax on mining though could mean that some miners could potentially be disincentivized from mining within Ukraine, due to 20% of their profits being taxed.
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Hello All, I send to Yobit.net an e-mail on Yobit.net Support tab but there is no answer months and months passed. The post was that: Dears,
I confirmed 0.20552147 ETH at 2018-05-09 23:11:34 to my new Yobit account but unfortunately I has not been completed even
https://etherscan.io/address/0x0b7c77e1a303ff82798e12f6dfa33660433c7792 says it completed. It has been 7 days and I can not see my ETH transfered. Please check the issue? When I click to withdrawal appearing a popup and written there this number.
0xfa1f658e83d69b7015e43c360fef10b422ff51a1dbac3f658f99d0f2e3b55a7a
Regards.Yobit does not completed this transfer even I sent a post them. Please help me to contact them to solve it. Thanks for helping. Are there any updates on this issue? I mean it's not surprising at all that yobit has another issue with their withdrawal system, because Yobit has historically done these things for a living, basically. Their customer support is complete BS as well, which means that you're unlikely to see a response any time soon. I suspect that they are either having solvency issues, or simply are manually reviewing your withdrawal request. Usually in these cases you'll just have to wait, until someone in the support helps you. More probably, they are going to continue to ignore you until the problem solves itself in the background without any updates. Do keep the community up to date with the issue. |
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The thing is that you sent money first, which puts you in a really bad situation.
There is pretty much no chance that you'll be able to get any money back at this stage. He has not even logged into his bitcointalk account since you posted this scam accusation thread, it seems.
It's likely that he is just going to run away with your funds without delivering any product. Deserves to get tagged by a DT member for the time being. Next time if you are ordering any service or goods on the forum, make sure you protect yourself by using escrow. There are just a ton of scammers on this forum waiting and preying on your hard earned funds, using escrow allows you to avoid all that.
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It's almost guaranteed that $20k would be reached sooner or later.
But it's definitely not near right now, given the bear market we're in at the moment.
All of this news regarding Goldman Sachs exiting their plans of having a trading desk and stuff like that are all going to be temporary. These price drops are also temporary, and aren't going to be of any effect on bitcoin's prices in the long run.
As adoption rises in the long run, and the cost of mining each bitcoin rises, while the supply stays steady, it's obvious to see why another all time high would come as just a matter of time.
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Generally, we see that assets that performs better in periods of instability will generally hold up better than the rest of the asset classes.
To me, if there was to be another real estate bust leading to another global financial crisis, bitcoin would definitely be seen as an alternative asset to store wealth in for the time being, since it is not manipulated by any single person.
BTC may not see the best performance possible since a recession like that generally means that people will just have a lack of funds to invest in anything, in general. But if you look at gold's performance in the 2008, it did not lose any major value at all over that stretch of tough times. I think bitcoin would closely resemble the performance of gold if it would ever happen.
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A lot of people asking what happened after a steep move of btc price. Just like there must be a bad news for down and good news for up. There is no rule like this and probably a lot of people will not really understand. There are few thing affects btc price but news are less affective on price, dont like to give numbers but it is more %5 of btc price is related with developing news, infact there was no real relation but some people think there is a relation so it causes an affect on price. Likely a lot big drops happened without a proper reason. But still people was wandering around any news which may cause to this. Big company accept btc so it should rise? they dont microsoft accepted btc affected only %0.5 bump on price just long 10 hours and price continued to drop that days, some people says mtgox crysis is the cause of 2013 rise and fall i find it funny. There are a lot of price moves on btc and you cant find matching news with them. If you wonder what is real cause of that steep drop i can say it is manipulation, not even free market can react that fast it is manipulators. But it is another topics's subject. Just know bitcoin price is almost not related with any news.  Price is sometimes related to news. We can see this quite clearly when China announced that they were banning ICOs and the markets went into a frenzy of panic dumping. However, prices moving are not due to one single factor, and people who attribute price movements to a single factor generally is trying to push an agenda. It's obvious to me that the previous dump that we saw a few days ago from $7300+ to $6300 is probably not attributed to any single media piece, but rather a variety of factors, the most of which is probably just that the sentiment within the market is still overwhelming bearish, causing this correction to happen in the first place. Another thing to understand also that in a bear market, markets are less likely to be affected by bullish news because the sentiments are negative. That's why I think ETF approval at this point of a bear market may not even spark an entirely new bull market, but rather just have a short term pump associated with it. |
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A stable coin is any cryptocurrency pegged to a stable asset, such as gold or fiat currencies. In theory, a stablecoin will remain constant in price, as it is a representation of a known amount of an asset. My question is: Does a stable coin have a set total coin supply? Or does it have to be able to create and destroy based on the demand? The image in my head goes like this: A stable coin pegged to a currency started off its business saying it would have a coin supply of $5 billion. Everything works well until one day, the crypto market goes south and everyone rush to buy the stable coin. The coin is unable to sell to everyone because the demand for the coin is too high, so some people are left out. Please correct me my misconception  I think that your misconception stems from the fact that you think stablecoins can't be traded on the open market - they can, and they are still affected by demand and supply. There is a central distributor in the case of something like the Tether system, but they don't handle all the transactions that happens out of their site. There are going to be people more than happy to sell their stable coin for above pegged prices, if the stable coin gets extra demand like that. Your question about the supply varies depending on the method of pegging, whether or not there is a central entity manipulating the supply or not. And if there is no other way of entering the market in a period of high demand (i.e. buying from a central distributor for the pegged rate), other than on the free market, then prices will go up until the peg is corrected centrally or until demand lessens. |
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