This is great development and it clearly shows how people are becoming fascinated about the blockchain technology and the use of cryptocurrencies in future. This figure would increase significantly next year.
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@OP Thanks for sharing a very relevant information about the blockchain technology and bitcoin in general. I suggest y'all should read and get updated with the latest develoopment of bitcoin. Nevertheless bitcoin halving is also around the corner and i am waiting to see the price of bitcoin rise way higher
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Bitcoin is still within $7-$8k regions as we speak now. The next break out may see us above $10k or even a little closer. This yeah could mean something great for all crypto enthusiasts especially those who are holding large sums of bitcoin.
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The dump of bitcoin just recently is just the normal crypto market being volatile, it's nothing to worry about guys. The price of bitcoin will surely rise up to $11k soon, all you have to do is to have some patience.
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It's great to see that amidst all the threats and ban in China regarding cryptocurrencies there are industries who are using blockchain technology. I am very hopeful in future China would open its arms to blockchain and legalize cryptocurrencies.
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The price of bitcoin indeed rose up and this was a huge breakthrough after that long bear season in which we have been in. The price of bitcoin can go up again even though right now it seems to have stabilized a little around $7990. It would increase again so you can invest into it if you have not done so.
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It would be a great record in the crypto industry to see bitcoin reach such heights. But if it hits such a price Ethereum could be work over $100k and many other major currencies would also rises. These are all speculation so please do your own research about the long term of bitcoin before you invest any tiny amount of money.
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In my country no, cryptocurrencies are banned in here but we still use it secretely. However i think this is likely to change in the near future when major countries liike USA, China, Russia approve the use of cryptocurrency. This would influence our government to also legalize it here.
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using such data for the trust Score is a good idea as this would reflect the real activities going on the exchange platform as crypto traders trade their cryptocurrencies. Most exchanges use fake volumes and some even fake their general statistics to lure projects to list on their cryptocurrency exchange platform.
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No matter how busy and day trading that i would do i make sure i don't save any funds on an exchange platform. I have witnessed so many exchanges that have been hacked and i have been a victim actually at cryptopia. No need to open wounds all over again but please don't save your funds on any exchange platform. Binance just got hacked so which other exchange is safe out there, none if you ask me.
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it's an important thing to do and i guess every investors should take this as a off high priority task before investing into any project in this industry. Many people are being scammed and being coaxed to investing into scam projects and whte elephants ideas. Don't be a victim guys, stay safe and invest when you are done researching about the project.
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I have not gone below investing into cryptocurrencies that are below the first 50 on coinmarketcap. It's best to stick with the major cryptocurrencies other than those numerous altcoins that have infiltrated the cryptosphere. most of them are worthless in the end.
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I have been using the Blockchain application app ever since i got into the crypto industry and i have not encountered any problem with it. It's route of wallet recovery is very simple and instant. You all should try the blockchain application as it gives you the platform to store, BTC, ETH, XlM, BCH.
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Yeah if ICOs are regulated it would help get rid of the useless and scam projects that are circulating the cryptospace and also making investors lose their monies. This would also increase the confidence in crypto projects investments.
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I am sure developers are already aware of this and are putting in all the security measures to ensure that hackers are not able to gain access to exchange platforms and steal the monies of users. However we as individuals also need to advise ourselves and educate friends and families to stay safe when surfing the internet to prevent being phished. I am sure if we put all these in place the number of scams are going to reduce drastically.
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You can still buy bitcoin at this price even though it would have been good if you have invested earlier. But hey with the predictions of around $50k-$100k being predicted by some prominent individuals in the crypto industry you can still invest and hope we reach those levels in order for you to make your profit.
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Initial Exchange Offerings is another way of raising funds for projects in the crypto industry but sometimes most investors buy into the hype that is made about projects running an IEO and this make them lose funds after the project hit exchanges. Most of these IEOs have no better use case for their projects and this makes the value of the token sink in no time causing loss to investors. Hence the name tag "IEOs are bad" lol.
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Definitely crypto enthusiasts are going to look at conducting all their cryptocurrency trading on decentralized exchanges but let's also not forget that some decentralized exchanges have been hacked before just that they are not as numerous as that of centralized exchanges. Let's develop DEX to have more security features and they could be the future trading platform.
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Your wallet can be hacked if you mistakenly visit a phishing website or you give your private keys in the name of submitting airdrop details. For instance in case you want to log into forkdelta and you are lead to a different site but similar to forkdelta in terms of interface. If you access your wallet over there, hackers would have access to your private keys and steal all your funds.
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Yeah the crypto community can only grow if we support each other in times like these. I am highly impressed by the words of John McAfee, Justin Sun and all those who have offered to help Binance cover up this loss. Crypto can only stay if we stick together and push for one common cause which is the "Adoption of cryptocurrencies as a means of making payments for transactions"
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