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For bounty hunters, KYC verification is a very big problem if it is carried out by ICO teams after the termination of ICO, since at that time it is being conducted with the aim of not paying the earned tokens. Such a KYC test is very difficult to pass, even with a strong desire. Very often, ICO teams come up with such response tables that do not cover the diversity of national laws and available documents and are not accepted as answers by these tables. And this threatens us with the fact that we may not receive the tokens due.
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Such a prediction is a great folly. Cryptocurrency by its nature cannot replace the national money of the states. They have no relationship with the economy of any state. Governments will never abandon the use of their national money in favor of cryptocurrency, because it will be a disaster for their economies. As long as there are states, a common currency will exist, a cryptocurrency can only go in parallel with such a currency.
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I have read several threads that say "fiat will die and will be replaced with crypto" as you agree? I personally do not agree. because when the real system is already established in value and a new system comes with a fluctuating value, the government will not take that risk. But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.
Cryptocurrency will be forced to go along with the national money of the states, since it is not intended to replace cash with itself. It is simply not able to do this because, unlike the cash of the states, they have no connection with the economy of any state. Therefore, no government will ever agree to replace its national money with a cryptocurrency. |
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I wonder if you HODL because you believe the price will go up? Or are you lost too much already so you don't see any reason to sell because you won't be satisfied with the money you will cash out?
I have this self-conflict for a few months already
Of course, both your assumptions are taken into account. We keep our coins and tokens because we believe that the cryptocurrency market will still rise, but on the other hand, this is the most optimal solution in this situation, when the cryptocurrency has fallen in price by more than 70 percent and has been stagnant for almost a year. The cryptocurrency market develops cyclically, and since it was a normal market decline, it will definitely recover. |
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I am a little doubtful that what I wrote is worth it or not, but this always comes to my mind and wants to ask this,
I have read several topics here that the drop in Bitcoin prices sometimes occurs because investors experience panic and sell their assets after reading the bad news circulating, and here I have thoughts what if a crypto community has the intention to raise the price of Bitcoin and other crypto by spreading the good news about bitcoin and also introducing bitcoin and its usefulness to the wider community?
Will it help to increase Bitcoin prices?
You want to artificially raise the price of Bitcoin, and it is not worth doing. We have already seen the consequences of the increase in the price of Bitcoin in December last year. It is assumed that then, too, the price of Bitcoin was raised intentionally. Of course, to disseminate real good news about cryptocurrency is necessary, but only those that correspond to reality. In the steel cryptocurrency, it should itself gradually be introduced into our life, it is not worth artificially speeding up this process. |
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As we notice that almost all the altcoins follow the price of bitcoin . I'm just wondering when they will become independent and don't follow the bitcoin price?
Bitcoin will stop exerting price dominance over other types of cryptocurrency when its capitalization level drops to the level of other cryptocurrencies. Sooner or later, however it will happen anyway. Especially if it will not further develop and improve. However, due to the emergence of new perspective coins and tokens, it is inevitably vseravno. In the future, there will be several leaders at once who will periodically change each other in leadership. Apparently, then there will be no price dominance and the cryptocurrency in its price will develop freely and independently of other cryptocurrencies. |
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In future if bitcoin is allowed in countries around the world and most online based companies will start to allow bitcoin as their payment currency/gateway/exchange. But what do you think if we would be allowed to transfer our money to our bitcoin wallet from our bank accounts like PayPal does? Will it be a good thing for banks and us?
Of course, this will happen and will be beneficial to all, and holders of Bitcoins, and banks. In my country, there is already an electronic wallet VEB-money, in which the bank has provided the possibility of replenishing it with bitcoins. However, it is impossible to withdraw Bitcoin from this wallet after this. He can be there and at any time they can pay for goods and services at the current rate on the date of purchase. However, in fact, the bank immediately transfers Bitcoins from this electronic wallet to itself. We only use its equivalent value. In principle, very convenient. |
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If the banks did not change anything in their activities, they would still continue to exist. Banks need the state and the state will destroy anyone who will encroach on the existing banking system. Banks perform a lot of functions that blickchain and cryptocurrency technology cannot replace.
However, banks, of course, will use blockchain technology in their operations. Many of them have already switched to ripple coin use and this process will continue. Therefore, it’s not worth worrying about banks, they were, are and will be, as long as states exist.
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Is it true that 90 percent of the altcoin will die after the bitcoin bubble burst? If so how can i choose to invest in coins now?
No bitcoin price fluctuations can affect altcoins so much that they directly disappear from the market. The future of tokens is directly dependent on their projects, and not on the price of Bitcoin. If bitcoin falls in price, the price of the token also dreams, but it will continue to exist vseravno, and if its project develops, then the token will grow in price. |
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Can ethereum break its highest record again if yes how much time it will take more
Now the question should be put differently, when he again returns to his position, competitors began to overtake him. And I do not think that one ripple is capable of such, and almost no changes have been made since its foundation. I have no doubt that ethereum will soon again return its second place in terms of capitalization. As soon as the planned improvements are implemented in this coin, ethereum this time will go very far in terms of capitalization from ripple. As for the price of ethereum, it, like all other cryptocurrencies, while depends on the price of bitcoin. |
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So Bitcoin is designed so that the value of it will increase over time as opposite to traditional money in which the value of it will go down. But won't that make it more like gold instead of actual money?
By the prices of stuff going up in traditional money, it encourages keeping the goods and trading them, for example if someone owns a house that house's value won't just go down with time, it can go through time. But if goods were to keep getting lower in prices then it can as a result discourage buying them and trading. Which makes Bitcoin unusable as money. To keep your money safe of course you can store in a bank as they give you a small amount of interest.
Bitcoin has a limited supply and as time goes by and its popularity increases the prices can go higher and higher, making it less effective to be used as usual money. Imagine how would a shop keeper feel as their good will only decrease in price. And like traditional money which has banks Bitcoin doesn't offer much solution to this.
So even if bitcoin prices were to stabilize, wouldn't it be more like gold than a currency to use like traditional money? Gold is very similar in those terms to Bitcoin.
I do not agree with your reasoning. Bitcoin was not created in such a way, so that its price is constantly increasing. It was created as an alternative payment system to the existing payment systems. If Bitcoin will constantly grow in value, then it will lose its value as a payment system. What, in principle, is already happening. Bitcoin has nothing to do with gold and it is useless to compare it with gold. These are completely different things and concepts. |
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Ripple market volume has bypass Ethereum as Bitcoin and ether price since down further. Bitcoin is still the king and Ripple now the Queen. Ripple seems more lucrative than Ethereum.
Ripple has never been and will never be the cryptocurrency queen. This coin has repeatedly surpassed a bit ethereum in terms of the ethereum capitalization level and each time the ethereum again returned its rightful second place to itself after a short time. It will definitely be this time. |
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Now the cryptocurrency market, more than ever, is very stable. Bitcoin capitalization does not go away, whales keep their bitcoins. So everything is possible. However, nothing in the current market can be said for sure. For now we can expect either further stagnation or a move upwards. The good news is that a recession in the current situation is already unlikely.
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New cryptocurrency the “Petro” The new cryptocurrency called the Petro it’s backed from the Venezuelan state as a response against the dollar and the sanctions imposed by the United States , it’s ranked 3030 on coinraking.com with a worth of 0$ but the Venezuelan government says it worths at least 60 $. What do you guys think? Are you willing to trade this new cryptocurrency just like bitcoin?..  No airdrops… for More information visit https://en.wikipedia.org/wiki/Petro_(cryptocurrency) For the Venezuelan token Petro is better to watch from the side. This is a very problematic token, though, as if backed up by Venezuelan oil. There are so many scandals around this token that for the time being it is better not to engage them. Now there are so many other cryptocurrencies that you can pay attention to. |
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I noticed this phenomenon. Often someone buys up all the proposed tokens with a small amount of trading (for example, look at SMT on hitbtc this night), and after a few days these tokens go up in price very much. Is it worth buying such a token?
It depends on the prospects of the ICO project. You need to know the project itself of this token. It’s just not possible to say whether the token will go up in its price or fall. But now, of course, with such a bear market it is better not to risk it. Now everything has fallen and trade is very weak. |
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If this will happen is it possible that decentralization be compromised?
No, it is not necessary. Banks after the legalization of cryptocurrency by the state will be forced to work with cryptocurrency. This will be on a mutually beneficial basis. State banks are more likely to provide less cryptocurrency services, while commercial banks are freer in their choice of areas of earnings and therefore tend to take more risks in their business. |
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https://prnt.sc/j8ij29as we can see the bitcoin dominance is getting lower and lower and i think on long term ethereum will end the dominance I think that in the long run there will not be a single cryptocurrency leader, especially with such a large margin in the level of capitalization that we now see in Bitcoin. Most likely, there will be several leaders and they will periodically change each other, since there will be many good coins and they will compete with each other for better demand. With such a position in the cryptocurrency market, price domination will not be and the cryptocurrency in its price will be more free. |
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Recently, this year's participation in the campaigns of generosity ICO brings only more problems than profits. If bounty hunters earn something, as a rule, this already amounts to a few dollars in three to five months of work. It seems that in this activity you need to take a break. and there will be seen
Vseravno no sense. It became especially annoying and a lot of nerves were demanded by the sudden announcement of a KYC check after completing an ICO. We did not expect such a scam from the ICO teams. State regulation of ICO activities is urgently needed, otherwise it will go so far that headhunters will soon be obliged to pay for their work.
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IF the investors who pay money on the ICO do KYC then why hunters dont?
The ICO team wants to secure their place that there will be no citizen in restricted country to participate on their initial coin offering.
This will make them feel safe for their future. lets respect their decision.
But there's a difference: bounty hunters don't buy tokens, the cannot be called customers, they just do not send devs any money, the only thing they give to a project is their work; and there's no law about restrictions to work with citizens of other countries. KYC stands for Know Your Customer, not Know Your Worker. Totally agree with you. The customer here is the one who pays his money. The KYC check is primarily aimed at preventing the laundering of dirty money. It is primarily for this purpose that investors pass it. ICO generosity campaigners (bounty hunters) do not invest in ICO projects and therefore are not investors. In the relationship between bounty hunters and the ICO team, it is the ICO team that pays bounty hunters to promote their ICO projects. Therefore, the ICO team is the client of the headhunter. So who should be tested by KYC before whom? |
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The problem with fraud projects does exist and this is a sad fact, but I do not think that government intervention can improve the crypto-currency market. There must be some other way out and a solution to this problem.
We do not have effective opportunities to influence fraudulent projects of ICO and even more so to resist them. To do this, we need certain powers of law enforcement and judicial authorities, that is, we need to use the repressive apparatus of the state. Moreover, in this case fraud as a crime has signs of simultaneity in several states and the efforts of several states and an international police body like Interpol will be needed. |
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