You can't attack Bitcoin by just using computing power. Any attack will come from bankers accumulating most of the available coins, and using them for their own inter-company transfers. This will make some of us rich, but inhibit the use of Bitcoin as a general currency imho.
I agree with this one. That is not the way Bitcoin can be attacked. By using sophisticated high powered computers and other computing devices through hackers and the like, I think that was TS wanted to tell us. Some groups also use FUD as an attack but all these things are not worth it as fo this time. What are their motives? To hack and steal? I think Bitcoin is not that easy to attack because of the secured environment and nature of the Blockchain technology. Yes, attack on Bitcoin with super computers is not very likely. Hackers will aim on Bitcoin but still not in such super organized way with super sophisticated equipement, this sounds more like attacks that are sponsored by someone. Also, I think that banks are not such enemies of Bitcoin as some are trying to show. Banks are also given some kind of exaggerated influence on cryptocurrencies that they actually don't have. |
|
|
|
|
I don't think that Trump's opinion on Bitcoin really matters. It's not the question of world politics that would have some big impact and I don't think that Bitcoin community actually cares about such opinions. So why bothering with that at all? And who else expects from politicians to be cryptocurrencies and new technologies enthusiasts?
|
|
|
|
|
No matter all the warnings there will be always users who will fall for FUD. And that is the intention, to confuse users and to spread panic. That is why education and trustworthy information are very important, because there will always be users who don't know enough about Bitcoin and crypto market and they could easily be misinformed.
|
|
|
|
There are lot of factors that may affect Bitcoin's price. But it doesn't mean that we should be scared or something. We are one of the factors why it is moving up or down. Aside from the whales decisions, the behavior of the price probably the result of what is happening in the market.
Whales decision to pump and dump the market would not aggravate if we don't follow that drive. They know people will panic when their FUD and buy when there's hype, they are taking advantage of that reality now, and while they took advantage, they are also making money on it. It's true that whales are taking advantages on the situation in the market especialy when the panic selling is going on. But honestly I don't think they can influence market so much they can start pump or dumps process according to their wishes. This sounds more like a conspiracy theory to me |
|
|
|
|
Maybe the current situation on the market is showing possibilities for further corrections of price. So what, there is no room for drama.and nothing unsual that we haven't already seen.
I have the feeling that the only purpose of such news is to discourage Bitcoin users and set some kind of fear. But Bitcoin users should have known better by now.
|
|
|
|
First of all, "lost" Bitcoins are different from "stolen" Bitcoins.
Lost coins are those which can't be spent, as the private key has been lost. You can easily trace these coins, as they can't be moved and will remain in the original wallet. By checking the Blockchain, you can find the details.
Stolen Bitcoins can be difficult to trace if the thief uses a Bitcoin mixer. Even then, they can be traced with some effort. Back in 2013, Tomáš Jiřikovský and Eva Bartošová stole a few millions worth of coins from the users of Sheep Marketplace (ironically, Jiřikovský was the owner of SMP). He used multiple mixers, but eventually he was caught after tracing the transactions (he pissed off a lot of powerful people. I don't know what happened to him after he was caught).
At the begininig when Bitcoin first appeared it was almost impossibe to trace transactions and get in trace of stolen coins. Today it's still difficult but big progress has been made and results are better. Of course there is no guarantee at all that stolen coins could be revealed but everyone makes mistakes, no matter the mixers and everything and there is always a chance. |
|
|
|
|
Security is one of the big issues in crypto world and people very often lose their coins but still don't pay enough attention.
It's not safe to store your coins on exchanges, they are not meant to be wallets, or in online wallets. Also, it's well known that is not very wise to keep all eggs in one basket so that applies for cryptocurrency too. No one will care about the safety of your Bitcoin unless you do, remember that.
|
|
|
|
5 billion dollars is a lot (though not really a lot for Facebook), but it pisses me off who's going to get them. Great, so facebook collects data from regular users and then this data is used for special purposes by other companies. Who are the victims? Regular users. Who receives the compensation? The Federal Trade Commission, a governmental organization. Why so? Because they are the authority responsible for monitoring customer protection. And people who got manipulated and whose data was used for profit? They get nothing.
Anyway, Facebook has big inner problems that will not disappear after a $5 billion fine. And the top newsletters of the US have already published some articles on this matter.
Yes, 5 billion dollars is huge amount for money but obviously not huge enough for Facebook. I think that still have the false feeling that they are too big and too significant on the market. But that is not entirely true and competition is sligthly taking over so Facebook should start to care more about the users in order to survive. I guess they will realise that soon enough. |
|
|
|
|
Bitcoin is still decentralized and that is way how it's functioning. Still there are always some people who would like to have control, I guess that is the human nature. Some says in crypto world whales are those who want to have control or that already have established it. But I don't think they have such control that they could disturb Bitcoin decentralized system.
|
|
|
|
|
There are some traders who don't care much about knowledge, skills and strategy. They more count on luck and that can work for a while but only on a short term. On long time period they will suffer loss, that is for sure and that is going to hurt.
I don't believe in serious trading without proper knowledge, skills and experience.and that comes with time. You will not become successful trader over night.
|
|
|
|
You should know one thing .
There is no way that he is holding that much bitcoins.
The government actually asked him, he failed to be able to present it in court .
Therefore there is no way he can influence the market that much.
Don't be scared , it's just bluff and am pretty sure that people who follow this market through does know that there is nothing that be could actually do.
No one will knowing sell their coins when they are in a loss.
Of course he is not holding so much Bitcoins and he can't influence market or anything else the way he claims he could. Just empty stories of another so called Bitcoin ecpert and people should not fall for that. We see too much such attempts and the sad thing is that there are always some who would fall for that and people like that will reach their goal. |
|
|
|
|
The best advice I got is never to invest with money you don't have. In other words don't take loans to get the money for investing.
The other is never to put all eggs in one basket and that is also very true. Diversication is good and you always need to have multiple choice and a back up. If you stick to all this you will not get in ackward situation.
|
|
|
|
OP, it might be a trap, whatever their game is. Why would the bank of China educate the people about Bitcoin? Bitcoin is a takeover, they don't want people in their country using it. Or is the Bank of China HODLING?  Maybe they decided to get approach " know your enemy". Or they think people will have different view on Bitcoin once they get educated about it, maybe they think it's their duty to give people proper information. Anyway, it sounds a bit strange but who knows what is exact background of such behaviour of Bank of China. |
|
|
|
I remove 2 of your exchange list on my exchange list. Because they have some problem on the platform, you already describe the problem from the article. Honestly i only using 2 of your exchange Binance & Huobi. why did you delete the two exchanges? I think the two exchanges are still worthy of being called the best exchange. And what problem do you mean? you should provide the basis of your statement. Because so far I have no significant problems in the two exchanges. Well, it's just a matter of new regulations found in Bitrex, because Bittrex is an exchange that is proposed in the US, so they must follow all regulations in the US. I think Bittrex should be removed from that list. Because Bittrex currently no longer offers many good services, they are being strictly controlled by the US government.
The most recent bad event was that they were forced to delist more than 30 alts on their exchanges due to security issues.
It is really a big loss for many investors and the choice is not much anymore.
sooner or later, Bittrex will also go into a dead end.
They stand in the US, they should obey all regulations that are there. We can't blame Bittrex, because I'm sure if Bittrex is not established in the US they won't be that tight. Even this regulation is not intended for Bittrex, but this is intended for all US citizens who are in the crypto business. But here I still think Bittrex is the best exchange, despite all the crazy regulations of Trump. Well, I don't know about the Bitrex but Poloniex had some issues with customer service.and there were also some scam accusations. Here on forum were threads on that. I know that users have different views on how exchange services should look like and often they don't read or don't stick to terms and services but whenever there are doubts I'll be very careful.in judgement of quality. |
|
|
|
|
From the very begininig Bitcoin had the reputation as criminal money. People thought that is only used for money laundering and buying illegal goods and services on dark markets. Situations has changed meanwhile but obviously not enough.
Everything that has some value or can be misused attracts criminals, that is not new. The sane is with fiat money and crypto but that is not the reason for cryptocurrency to have bad reputation.
|
|
|
|
|
Well, it's a difference if they only use blockchain as a technology or they also incorporated cryptocurrencies into their business. This is not the same thing but people often mix that. Using blockchain doesn't necessary be connected with using crypto.
Anyway, both blockchain and use of cryptocurrencies in businesses is a good promotion and helps to raise awarness of people about these technologies and possibilities of their usage in different industries but doesn't necessary increase the adoption.
|
|
|
|
|
Of course that crypto scams are a global issue, as well as cryptocurrencies are global phenomenon and are used all rover the world without boundaries.
Everywhere where fraudsters ansd criminals see the opportunity to make illegal gain they will take their chance. You can't avoid it and stop it completely but we could educate users more how to be more aware of scam possibility and how to protect themselves.
This is very important because even if you report that to police often evidence are hard to collect and prove so that might be of no help.
|
|
|
|
From what I know, in Indonesia, it is prohibiting bitcoin as a means of payment tool, but it still allows as a digital asset at the risk of each user's responsibility. And yes it's true, there are many users of bitcoin in Indonesia.
Yeah thats right, In Indonesia Bitcoin/Crypto should not be used as a means of payment, but the government there allows their people to have Bitcoin as just a precious commodity like gold. So it can be said Bitcoin/Crypto is digital gold in Indonesia. Users in Indonesia can't use Bitcoin as a payment method in their own country but they can use it elswhere and online and that can't actually be controlled or stopped. Also, Indonesia is not one of the richest or the most developed countries in the world so people there see their opportunity in Bitcoin, that is also the reason why Indonesia has so much Bitcoin users. Similar is in other developing countries. |
|
|
|
It's terrible that in 2019 the number of exchange markets with the highest number was hacked, right? then is there any exchange that compensates for the loss from the incident
With the increased number of Bitcoin users and exchange users the danger of hacking is becoming bigger. The problem is that exchanges don't invest enough in security and users are not aware enough of all possible illegal activities. It's not only about hacking because of money but also sensitive personal data. And to be honest what exchange protects its users enough or compesates the financial loss. |
|
|
|
|
This is really good news and also a big step for post office, especially because it's government owned. That shows their ntention to step up with time and endorse new technologies. Hope the fees will be acceptable and they will attract a lot of users. It's also a good thing for Bitcoin promotion in such small country.
|
|
|
|
|
Show Posts
