So what are you proposing, to buy insurance for an ICO? Why would people do that instead of an escrow service that could be provided for the ICO? That would be more attractive than an insurance scam in my opinion.
Not only that which insurance company is going to offer that, we will need something close to rating agencies that rated icos, those that were legit will receive the highest scores and those that were not will receive the lowest and then you will need pay insurance based on that, since icos are very risky propositions no matter the score given, the amount you will need to be insured is probably going to be prohibitive so I do not see a whole industry being created for something like this. |
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I think we can all agree that cryptos are here to stay and only the form and applications are yet to be determined.
Has any one considered the threat to independent cryptos that a gov't or central bank issued crypto represents?
A crypto tethered to the US dollar could gain rapid widespread acceptance by banks and business entities making it possible to buy anything from a soda to a car in crypto. Debit card readers could quickly be converted. bank account balances could be held in dollars or cryptos etc.
While we might get the benefits of electronic payments that come with a digital currency, we would completely lose the protection from the manipulated value (or devaluation) of the dollar. That won't stop the banks from doing it. In fact it's an incentive for the banks to do it. Their tethered crypto could get widespread usage in a couple of years and make it very difficult for non tethered cryptos to gain acceptance. Widespread business acceptance of a crypto will lead to widespread acceptance by the non technical general public that don't understand the difference.
We know that is a possibility governments are going to create their own crypto, but that crypto will not be like bitcoin it will be even worst than fiat, since at least with cash you get anonymity, not with their coin, this will cause many people to adopt that coin without thinking but at the end bitcoin is going to win as the economic system begins to crash down. |
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For those already been here for a long time, have there been a project crypto where insurance and health and medical have been involved? I would like to know whether it was a fail or success. For research purposes.
Thanks!
There were several coins that did something similar to that and none of them has been successful, some people made money, but no project has come out of it and to me that makes sense, we are still far away from having world adoption of bitcoin the most popular cryptocurrency so to think that something like that can be successful is a mistake, maybe in 10 or 20 year those projects will have a chance. |
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If I were you I will cut lost immediately.
Look at the chart of altcoins from May to today.
Never hodl altcoins. Trade and sell short-term 1-3 weeks.
You will see many better altcoin that sounds better than old ones. People will rush in those new alts and leave the old ones to death.
Look at the chart. NEVER HODL ALTCOINS!
HODL the STRONGEST COINS on the CMC: BTC, ETH, BCH or LTC your choice.
I have always seen people saying be patient, do not worry they will get back up sooner, but normally a good trader should find the best form of exit even before entry and 20% to me is still something very good now as far as I am concerned. It is good most times like you said, to cut loss, and get back in a better position if possible. I have never been comfortable holding alts for too long; except for some I got from trading and decided to hold for the long term in my wallet. For trading however, it is a No! If they do are not going the way you expect, let them loose. Well, alts are really not meant to be held for long, you need to always be ready to dump them if the necessity arises, like when the price is dropping very fast or when you reach your target price and you are happy to sell, the only coin worthy of holding for the long term is bitcoin but I understand why some people may prefer to hold other coins since bitcoin is extremely expensive and it does not seems like it is going to get any cheaper. |
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Bitcoin has been making a lot of people rich! But so have Ethereum or Neo. It is good to have a bitcoin but it is very much in the public focus and discussion, also the political discussion. I feel very safe with Ethereum, as most of what is happening is related to Ethereum (ETH based token ICO or projects like Raiden or Gonetwork). The space is too interesting to exclusively bet on Bitcoin I think. Everyone sees currency as the killer application in blockchain but there is a lot more see use cases with really unpredictable upside like factom, wabi, eventchain, powerledger or wabi.
I would definitely not ignore the possibilities in Altcoin space. BTC has been on a massive bull run this year. Only bitconnect which I feel looks to good to be true and recently Raiden were able to outperform BTC. That being said I would expect Ethereum to catch up on BTC.
The reason those coins do not receive as big as interest is because the cases in which they can be used are limited, while some people criticize bitcoin as only a currency the fact that bitcoin is so simple means that its applications are infinite, you need money for almost anything in this planet, even in some of the most remote places of earth they have primitive forms of money, that is why most altcoins cannot get close to bitcoin. |
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I would rather not risk my money to that degree. All it takes is some big fud to lose it all on a platform. Say bitconnect, regalcoin, salt or any of those was cracked open and exposed as a ponzi and all similar platforms become exposed by default too.
But they are still working  Until the day they wont, that is the way people get scammed, at first everything seems right and you get your payments and then they disappear and you lose money that is very common among HYIP, I'm not saying this is a scam but it is a risky investment as anyone that knows anything about crypto should know that lending and investing in icos are two of the most risky things you can do. You are absolutely right. But if they work for more than 3 months, that is enough. As most of the lending time is for 3 months or 100 days. In that time, people can get quite good returns, and if they lend again, that's extreme greed, and extreme risk, in that case, they should not worry about getting scammed. At the end it is your decision, if you feel comfortable with your investment that is fine, but you must not forget that Bernie Madoff run a ponzi for decades and many people lost their money, so how long a site has been online and being able to pay its customers is not proof in itself they are legitimate business, I would not invest in such a project but that is because I'm risk adverse, the more risky investment in all my portfolio are my bitcoin holdings. |
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... what would you do now? This is why it is better to never lend anything to friends, give it to them without any expectation you are going to get that money back, but since he borrowed bitcoin he needs to return that bitcoin to you, it is that simple if you accept dollars instead you are going to be the one losing money and you need to look after yourself, your friend is probably going to protest but that is what it is really fair. |
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Buying bitcoin is always better than mining one because it will take you long time to mine bitcoin equivalent to your initial investment as mining bitcoin is not as profitable as it was used to be.
Not only that bitcoin is moving so fast that recovering the amount of bitcoin you invest in a miner may take a lot of time and may be even impossible to do it if bitcoin skyrockets, the time to mine for the average person with those miners was when bitcoin price was more or less stable now that bitcoin is skyrocketing there is no doubt which of the two is the most profitable option and that is to buy bitcoin directly. |
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For me it would be a good economy because it has great value and bitcoin is more convenient to use. How about you what do you think? Share your thougths.
A world where bitcoin was the main currency will be very different at this moment there is not a culture of saving your income, with a currency with bitcoin that grows more scarce people are going to keep their bitcoin so we are going to see a world where there is less consumerism and things are made to last the same way things were in the past and in my opinion that will be good for us and the planet. |
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Lol  It is impossible to predict 10x coin I am also looking for 5x 10x 100x coins but even though I already invested in some good coins, I am not sure about even 5x gain at all. People worry too much about selecting such coins, yes selecting the right coin at the right time could make you a millionaire in just a matter of months, but when you are just looking at money then it is more likely that you are going to lose it since you are blinded by greed, this is why the most important thing is to look for projects that have a future, when you do that earnings will come eventually. |
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Anything that does not require creation or improvisation are jobs that are going to eventually disappear to the AI, human empathy is mostly unnecessary for most jobs, just look at customer service, most of the time you are going to be attended by a machine first, you only need to do the right thing at the right time, nurses are the same they are only following orders so they can be easily replaced by AI when the time comes.
You really think so? Maybe you are right with it, but I cant imagine that people are going to be willing to put their healthcare in the hands of a machine. Maybe its just me, but I would never let a machine treat me in the hospital. Im very open for this automatization and think that the countries that dont embrace this development will have a huge disadvantage in the end, but still I want a doctor and a nurse to speak with when Im sick, not some DigiDoc. Some jobs can be easily replaced and some are not so easy, for example even if most of the job of a doctor can be automatized there are many instances in which he needs to improvise so a doctor cannot be replaced by AI that easily but a nurse can be replaced because they are not taking decisions they are only following them so an AI that follows the doctors orders is easily achievable. |
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Many altcoins are down in value as holders of these altcoins sell them and buy BTC instead - it sounds so promising, BTC is the future, the rest is not.
you say that as if you don't believe it! the thing is, majority of the altcoins specifically the top ones that everyone hypes these days, are worse than bitcoin. you just don't see the issues in them because they are not used. they just hype it and pretend they are better, more promising, better scaling, etc. but when it comes to reality they all fail, harder than bitcoin. google crypto kitties and see how it crippled ethereum for 3 days now. and yeah, bitcoin will crash like it always does after a big rise. but in the end it will pick up again and continues rising because it has that "real adoption as a currency" not just speculators who are in it for short term. This is something I agree with, many alts have marketed themselves as if they have all the answers to the problems bitcoin has, and the truth is that is not the case, their networks are only fast because no one uses them, people only uses most of the altcoins as speculative products, now the chances bitcoin crashes go up the more the price goes up at that speed but if you are a holder you should not care about such a thing since bitcoin is still too cheap for me to sell my bitcoin. |
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Traditional centralized exchanges will be still popular but there will be lots of great decentralized exchanges and such projects. That cake will be shared by more different companies.
Decentralized exchanges are going to eventually going to gain the lead in that part of the market, it may seem impossible now with big exchanges like coinbase but as government regulation becomes stronger people are going to look for ways to exchange their coins without having to put their names into their account and decentralized exchanges are going to do exactly that. |
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The interesting question is what force stands behind this price growth?
Are the big whales starting to buy huge amounts of bitcoin?Maybe millions of newbies are entering the crypto community and buying small amounts of btc.The CME futures approval didn`t have such short term positive impact over the price,Segwit2x cancelled fork was the main reason for panic selling.Now,we don`t have any obvious reason about what combination of factors drives the price up.
There are many factors the CME was not going to enter in effect until this week or next week, I do not remember exactly the day, many people are entering bitcoin and they are buying it for the first time, so this is partially a small bubble and the first test of the lightning network was successful so this means that everything is going right for bitcoin and this is making the price even higher. |
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market is good ,guess now good invesment coin ETH,XRP ?
Right now the best investment is bitcoin but you just need to be careful the price is going up like crazy and while there are many good news surrounding bitcoin this growth is simply too fast, bitcoin has grown several thousands dollars in just a few days so if you want to invest in bitcoin you need to be ready to get out since I think a correction is going to come soon to the market. |
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Bitcoin is not a currency.
It’s too volatile to be used as a currency. Nobody will use it to trade if it can gain/lose 10% in just one day! And it’s not just a question of maturity, it’s a design issue. The quantity of money flowing needs to be in line with economic growth. It cannot be constant or follow a predictable function because economic growth is more complex than that. You need some form of intelligence, human or artificial to calibrate the quantity of money. You need some sort of feedback loop to offset unpredictable human behaviour storing currency. Ok central bank gurus have been screwing us but we have to admit that they have maintained inflation within boundary.
Bitcoin is not a store of value.
Like god, silver or any currency Bitcoin is not a store a value because it doesn’t pay any dividend! Don’t make that mistake. And actually it’s worse because it’s actually an asset with negative interest rate! It has a very high burning rate with miners burning millions every day just to maintain the consensus! This is pure value destruction and I’m not even speaking about the environmental cost. You have to see mining fee as a powerful gravity force, the higher Bitcoin is the stronger the force to bring it back to ground level! And ICOs are another form of burning fee. Most ICOs are scams and you will never see back the money they are burning.
So what is Bitcoin?
It looks like a scam, it smells like a scam, it’s definitively a pyramid scam. Given human appetite for gambling it could still rise much much higher at some point it will collapse with or without regulatory help. At the end Bitcoin is a great experiment but a failed experiment. Yes we need an alternative to central bank but Bitcoin is not that alternative.
This is just a bunch of nonsense central bankers have not kept the inflation in line in fact the inflation rate is way higher than what the number say also their main occupation is to defend to purchasing power of the population and they have been failing spectacularly at that, besides when people mined gold and silver they had no control of whether they found more gold or silver and yet they had working economies, so we do not need a benevolent dictator doing that for us. |
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Hi
please do not misunderstand me. I am not afraid at all. I just want to know how you guys thinking about this subject.
I am pretty sure that we will still have jobs. Just think about the steam era or the digitalization. 50 years in the past everybody would be afraid to have so money machines working for us and replace simple work.
I could believe that in 30 years we would work more in a consultant way. Not only to grow business but also to speak with people like a psychiatrist.
Just think about the evolution in the past few decades. More and more people are living alone or have less friends than before. That happens regrading our new lifestyle. Living far from home because of our jobs. Coming home late. Having to much things to do. Spending to much time with stuff that do not need community at all like browsing the internet, watching tv or playing games etc.
Well, social isolation does not happen because of the technology, what it happens is that the social networks are changing, before the invention of the car most people never got out of their towns so it is obvious they developed a greater sense of belonging but things have changed since in order to find a job you need to move to the other side of the country, so people do not know who is living next door and so that sense of community is lost as a result. So do you think it will be a good idea for robots to replace humans and carry out every activities? If such happens, then there is likely to be an increase in the rate of unemployment. And when there is unemployment, does it still make sense for someone to go to school and study? No it doesn’t, because all those hassle was for us to come out and be employed to do what we love. But in a world whereby robots takes over everything, companies would prefer to go for robots than employing humans. It’s crazy! I never made an argument like that, but it does not matter what we want but what it is going to happen, robots are already replacing humans everywhere, and unemployment is going higher because of it and those are tendencies that are not going to change, so we are going to need to find a way to make society work with what we have, and that is something difficult since we never had a society that worked like that. |
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Many of us here are hoping to be successful miners/campaigners or anything realated to BTCitcoin. Some people succeed many people failed. With that said, what are the biggest changes in your life since you started bitcoin? I hope these will inspire other people so that we too can be successful. Thank you very much!
For people looking in the outside I have not changed much, I still do the same things and behave in the same way but when I look at my earnings and my savings my life has changed dramatically, before I had no savings and now the amount of money I have saved is considerable and if the price of bitcoin keeps going up my financial situation will be in the best shape of my life. |
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Bitcoin is already above 13k and in some Korean exchanges is trading close to 15k it is obvious bitcoin is going to be above your target price at the end of the year the question is, how high it is going to be? 15k seems like a good price before the end of the year but it is going up so fast that I will not be surprised if we saw 18k or even 20k but at the same time I'm getting worried we are in a bubble. |
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It is really interesting that bitcoin has came closer to the international currency payment option visa. The huge growth of bitcoin may overcome all the other leading payment methods if governments agree but it is of less chance, with growing investors and huge adoption rate can make bitcoin strong to live long.
But in practical use, visa really used for payment method but bitcoin only for trading, it's the fact mainly because the fee which is required for bitcoin as a miner fee is just too high and making people prefer to cash out their bitcoin first and then load it to their visa, even if we surpass the market cap of visa, just hoping that we'll eventually could use bitcoin as a payment method conveniently. And yet bitcoin still surpassed visa this tell to us that bitcoin is a lot more than visa, visa is just a way to send payments all over the world, bitcoin is not only that, bitcoin is an investment, bitcoin is a currency, bitcoin is going to change the world works visa just made payments easier, bitcoin is going to create a whole new industry this is why despite the fact bitcoin is not used as much it has surpassed visa. |
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