I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.
What do you think about this argument?
Cryptocurrency is volatile and that is the reason why it was very profitable, other countries will not accept cryptocurrency because their own economy might die if people will focus on investing in bitcoins. Companies that has merchandise or products like amazon does not have a problem on cryptocurrency because they know that the price of the coin can still grow up and they will earn more profit more than the current price of the item that has been purchased. I agree with you, volatility in crypto currency is a big hindrance for it to be used as permanent currency, a certain currency must have a fixed value when it is applying for a single country, but on the other business establishments will not have a problem in crypto because they can enter the market whenever they want. |
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Silly question right?  Unless there is a backup method or heritage system it obviously vanishes for eternity, but the point was to discover methods that you are aware for avoiding such risks. Well, it's not a risk, it's a certainty, but there are other risks of losing access to the crypto account aswell. Some like: * death... obviously * house burns down along with hard wallet * one can accidently loose his cold storage or hard wallet * maybe other you figure out and I add them So, what storage do you use to ensure your savings, or what do you think would be the best solution to overcome these risks? UPDATE: I started this discusion because I can't see a decentralized solution for that, most of the centralized ones are largely known (wills at layers, online wallets and so on) but do not meet the security criteria as still imply a trusted party. Better simply handover the private key directly to the inheritant IMO. What I want to determine is if it IS realy a concern for the comunity or not, and if yes than we can contribute all together to the creation of a such product. But again I realy do think it should be built decentralized and trustless. I think you have to centralize this to some sort of a cryptobank that insures your cryptocurrency in case of apparent death. This should be done to prevent losses in the system. Bitcoins are already small in supply, so why reduce it even further, right? Or in the other hand you can use a successor for that, maybe one of your family members will be willing to continue your crypto career, giving this opportunity to your family to have a continues prosperous life, I think it is more practical on that way, also controlling what you have and gaining from it is two advantages of having a successor. |
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When ever the price of bitcoin is going down rapidly means there will be specific reasons behind it for such massive selling. The market movement generally based on the rumors. There will be negative and positive rumors in connection with the bitcoin. If there is any type of positive rumors to bitcoin there will be massive buying in the market and such negative rumors there will be massive selling in the market .We can see the price variations in the market accordingly.
Massive selling is the main reason why bitcoin price is decreasing, I also think that is because of the weak holders who are in panic mode when the price in the market is going down, It must not that way , selling your funds in a low price will be crucial for both your future profits and present earnings, Hold your funds and wait for it to bloom, I think it will be a good sign for your future references. |
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Check this amazing Token Airdrop from TrustLogics with a rating of 9.00/10! Do it fast, the token airdrop ends on 10th of July! 99airdrops.com/p/trustlogics/ via @99airdrops Take a look at this guys. Trustlogics have airdrop. https://trustlogics.io/airdrop.phpWow! They want to boost their popularity. I am sure that after this airdrop, community will become huge plus they will get some investors that will buy TLT tokens. I like joining airdrops but I always look for a better one since I do not want to have shitcoins in my wallet. By doing this airdrop trustlogic will attract lot of investors to come with them and also will add its popularity , also will caught up the attention of many people that willing to earn token by doing simple tasks like sharing link and post it to their social media... I agree to that since the project is really nice for the job seekers who wants to find a job online and giving also the companies and hr management a hassle free environment, It will create connections between the employee and the employer itself, by this method it will easier for the companies to classify the proper candidates and their background records to qualify for the said position. |
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Hi there Smart City Eco!
It is notable that you mentioned on your whitepaper that it is a sad loss that users need to pay a substantial amount of tokens when they transact with other platforms (whether exchanging, trading, withdrawals and even deposits). The 6-10% you mentioned is indeed high and a great loss so to say.
With this regards, how much fees do you plan to charge on your platform? I saw that you stated minimal and it would be great to know the figures.
Seeing your question made me want to know fees Smart City Eco plans to implement. And just the same, i did not find any detail on the whitepaper except the minimal statement. Though they are on-point as they wanted to utilize one native token (which is the SCE token) to effect a minimized transaction fees for different services as it is indeed practical & convenient to be using one currency through out the platform services. I just do hope SCE would update us on the probable fees one of these days. I believe the smart city eco has a system that is being prepared to build a large market and expand its jurisdiction. smart city eco in the industry, it can grow even further in order to keep pace with the market. Smart city eco is trying to build something huge and a very large market, i wish they would be more detailed and would give out more information to better understand how they plan to achieve their goal in trying to make a smart eco city. Yes, as I observe in this thread, everyone is mentioning , what kind of platform that smart city eco have, a platform that is basically provides the needs of the online customers and also gamers who are in the platform, also the used of SCE token in the platform to purchase some goods and other stuff to their partnered online shops. |
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Wow! This ICO is really good the solution they want to provide for all job seekers are really amazing for sure it will be huge because once it's complete it help really a lot of people from different countries. From now on I will support this ICO because I want to see how they will succeed on their projects. Goodluck TrustLogics Team. Hope for the best.
That is right, there are lot of people who will help by the TrustLogics if they try to send there personal data to and want to have a work inside and outside the country where they live. TrustLogics will become successful their ICO sale because invetsors will also like the platform of this project too. Yes that's why we here in the first place to support this project until it becomes successful and its not far from it... We can see the continues progress of this project, and as long as many people are looking for a job local or international there's a trust logics that accessible for them where ever they are... Definitely right, now that the trustlogics is here i know many people are defending on this platform which they'll see it as relief for all the struggle they are experiencing on how to get a job faster and easier... With trustlogics they will feel no worries about the process and the data they are giving are safe and secured because of the blockchain... Yes is true, with the blockchain using by trustlogic every applicant will have no worries regarding of the hiring process... As we all know many of us experience the unfairly recruitment in many company, some of them using the influence of other people (backer) to get the job easily regardless if they are fit or not from it... That is right, Trust Logics will reduce the backer system method, because of its platform, it will be fair for applicants to have a position that fits them, and a hassle free system for both the employer and the employee, Trust logics is giving the users the definitive process and it will validate their information for the benefits of the company they are applying for, the system purpose is to have a bridge in the candidates and the HR itself. |
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The product from the coin project is a good first place to look. Masternodes are a big deal right now because the stabilize markets by providing incentive for holding some quantity of coins. The problem is that many masternodes can be too expensive to take a full master node position. The latest product that I've seen aiming to make masternode positions more attainable are "shared masternodes". Shared masternodes enable people to gain masternode rewards even if it's just a portion. It also further meets the intended purpose of masternodes in the first place by attracting people to hold some portion of the coin asset for longer periods of time and to further support these crypto coins. MANO is one example of a coin that will support a shared masternode platform.
So that's one example of a product. Another thing to consider is who is on the team. Basic Attention Token has some of the top Java devs there so you would imagine that they have credibility.
This is a full explanation on how to consider a coin a best project that you can join with, always searching for it cause and effect, the foundation of the project, the team behind the project and their product , it is almost like that , in my part , I research for some positive feed backs of a specific ICO or coin to start with my conclusions and to gain profits from it. |
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Well it's very sad to see this kind of news, the government surely not see crypto like most of us, they only see the bad side of crypto without considering how crypto could increase the economics situation, and how crypto can help a lot of people, crypto could be very useful in the future where most of the countries already encouraging cashless transaction
If the government forbids the use of crypto currency then it will be hard for us to use this system, in accordance of its usage , if that happens some country will not be using crypto currency anymore, or else it will regulated by the government and put some tax on it, it is true that crypto will be a huge help in economical advancement of a certain country, it has many usage actually, but because of some negative issues regarding crypto currency today, it lessens the trust of people in it. |
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I think the reason behind this is that they have invested in bitcoin, thats why they are so worried about its price, many people will sell their bitcoins instead of holding it, they believe in the speculations and negative comments that are doing such thing in the market, they all saying that bitcoin will be dead soon, without any concrete and specific reason why they said that.
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One thing is clear. Digital currencies are the future. Fiat money will always disappear more and more. And after that some digital currency will be available everyhwere. The question is just, which one? Something like paypal, or do we get a real cryptocurrency who will be controlled by the people? I really hope it will be a cryptocurrency. Because i dont want to support the banks anymore.
I'm not sure about Fiat money would disappear, For me its impossible to happen because not all the people are supporting cryptocurrencise and not all the people know the existence of it and I'm sure the government will not allow this to happen but I hope bitcoin and other crypto would recognize as one of the global currencies. The future of virtual currency like bitcoin has a huge potential in making the economical growth of every country, It provides the right projects , investments and other sources of income, It will provide people who are in need of job, profits, it will hep the poor countries to survive in the future, It can help agriculture and it will help the government of every nations. I guess its future is as vast as that. |
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The attitude of the government and the law to Bitcoin has a great influence on this.
Hacking (hacking), although this is not a definitive factor, once Bitcoin is stolen, especially at a certain exchange, many Bitcoin players lose confidence in Bitcoin and form a sell-off.
There's a big factor that affect to the bitcoin price if people are lack of knowledge through cryptocurrency and they really don't believe that the bitcoin will never be crash. Panic selling is one of the factors that affect to the bitcoin price. They do panic selling because they are afraid that the bitcoin will going to crash. The negative news and FUD that poisoned the mind of the people to do panic selling and dumping the bitcoin price. Yes lack of knowledge makes people think negative which decrease the people who are investing in bitcoin because they think it is just a scam or maybe some of them thinks that bitcoin will keep on falling so they sell at panic, and panic selling is the main cause of falling price of bitcoin, high supply and low demand also effects the price of bitcoin. Agreed, the factors that affect the value of bitcoin is the media and the people behind those speculations, the negative comments of people that make the investors and holders do the panic selling, so the market go down, some of them have done stupidity, It cause the breakdown of market, almost all alts and bitcoin has dip its price. |
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the problem with the term "bubble" and bitcoin has always been one thing, in my opinion.
people think bitcoin is only a bubble if it has gone up above some arbitrary price that they have in mind. for some this may be $1000 even and for others it may be $10k. and then they expect a bubble burst to be catastrophic and they say for example if price started dropping from $20k it should fall down to $1k so that they are satisfied there is no more bubble!
the reality is very different though!
bubbles happen, in fact we already had a lot of bitcoin bubbles and at least 4 or 5 huge ones and each time they burst and market corrects itself while a bunch of people are screaming weird low numbers! $20k was a bubble, so was $1200 of 2013, and so was $200 before that, and even $1 at some point.
in fact the roller coaster thing is basically this rise and fall when bitcoin enters its bubbles, then they burst and we have a huge drop because of panic (not only because of bubble) and then we start rising back up again.
so i think saying "bitcoin is not a bubble" is as wrong as saying "bitcoin is a bubble". at times we have bubbles and they don't last long and just because price is dropping it doesn't mean we are still in a bubble!
Agreed, Bitcoin price has been volatile ever since it is started in crypto, most of the time when the price is falling to its deepest state unlike before, the speculators always saying that bitcoin will end soon,which is for is not a logical term , bitcoin has not yet been dead ever since 2009 , bitcoin is always been there and help many people lives, and when the time comes that its price will o low, those unloyal people who gain so much from it will soon do panic selling and started saying that bitcoin will be dead soon. |
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yes of course this is the right time and best to buy cryptocurrency as much as you can because now the price of crypto has decreased very much, you better use this moment to buy as much as you can.
Exactly also consider what will be the best crypto currency you will buy, profit is important also in this time of market crisis, in strategic matter, always buy in low price and sell it on the higher price, in order to have a fair profit or more, this will eliminate the lost of funds, also when investing always choosing the long term investment method, because it will give you time in choosing the right method to have a better profit. |
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I do not think so. The price of bitcoin has dropped for a long time and there is no sign of recovery. Many people worry about the future of bitcoin and their benefits. So, they sell bitcoin.
That's right, that the price of bitcoin has dropped so much in the last period and especially today, with the price of 6157$ according to preev, it's really a very low price for bitcoin, I don't know exactly why this crash of price it happened to btc today. Anyway, I don't panic or something like that, I just feel that bitcoin price will be rebounded soon and I believe that bitcoin will be more powerful in the next increase of prices, just believe in bitcoin guys and don't sell them because you will regret later, nowadays is a very good opportunity to buy bitcoin and other crypto that has a good potential to increase in the future. Agreed, Bitcoin price will recover i think at the 4th quarter of the month, all we need is to hold our funds until the price will shoot up, Bitcoin price is always been volatile since the beginning, the decision is always depends on you on how you will hold your funds, panic selling will not have a positive effect on your profits , instead it minimize your chance to have a huge profit. |
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Do you think bitcoin is going to reach june rates soon ?
I don't remember how much It was back in June but Bitcoin is increasing slowly with stability (that's what we need at the moment instead of a pump-dump) and with the halving that happened in last July , It should be just a matter of time till It reach 1000$ , If not more. It was above $720 in june, and i feel it will cross that price again before next year because the price has already started growing and it has reached $650 or above that right now and i feel it can surely cross that price where it was in june or will reach that extent. Yes, I think bitcoin will recover its price again at the end of this month as you can see the movement of its price it the market, also it is possible that the price of bitcoin at the quarter 4 of this year will begin to rise just like last year 2017, so better store some bitcoin now , buy in low price and wait for it to shoot up its price again. |
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I think this project is very nice and nice.
Yes this is project is something different and every one wants different project and realistic too Yes, you're right that this project is indeed different and realistic. This project is certainly realistic from other projects, because this project offers jobs (which the very influential problem of the land) to unemployed, underemployed and even the employed people are also capable of using Trustlogics. That being said means Trustlogics is really a help to the economy. Really nice platform of Trust Logics, The best measure for anything is progress. And there’s nothing else that brings more results on a consistent basis than hard work. Working on your goal itself is the motivation you need to keep moving forward and say NO to distractions from daily life. We must consider this in our selves. Trust Logics giving a chance to those trusted persons to be part of their progress. This project aims to give the services for jobseekers and interconnecting the employee to the employer, a peer to peer process of defining how the recruitment world works and making it easier for the jobseekers to have an opportunity to find a job, on top of that they are using blockchain system to support their project, really promising indeed. Yes trust Logics, is creating a system that can provide the needed data for the employer form the employee they are hiring, and being efficient in giving the trusted and secure data services in the global industry, such an economical and important project it is. |
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#Proof of Authentication
Bitcointalk Username: gwaps012
Rank Junior Member
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What is the minimum investment for non US citizens? How much will be the token after the ICO? Is there a vesting period for this one?
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Good to know, CGCX is now the official exchange partner for PLMP Fintech. PLMP Fintech is Singapore’s leading ICO advisory for investments, blockchain, and cryptocurrency mining services.
This is such a wonderful news,as they officially announce their partnertships. As they have the best platform at the moment, im pretty sure cgcx project will stand out at the cryptoworld, Yes they announced their partnerships and also it can attract investors knowing that this ICO is trustable, thanks to those who support this ICO. |
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In cgcx you can also get a discount when you purchase an item on the platform using Cgcx token, This is one of the advantages of this ICO, always choose cgcx a better hybrid platform indeed.
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