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Frauds and fake news are all around us, in every industry so cryptocurrencies world is affected too. And in the flood of exchanges is very much clear that not all of them are running honest and trustworthy business.
Still before making any conclusions how bad or good situation on that field is I would like to see some concrete figures. Everyone can claim whatever he wants but without solid data this is just a roomer.
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No matter that he is a president he is at first place businessman and in general they don't like Bitcoin and cryptocurrencies. Except digital technologies enterpreneurs.
And even if Trump liked Bitcoin that wouldn't help im in any way, just the opposite.
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Every type of trading has advantages and disadvantages and it's not designed for everyone. Margin trading is not for the beginers to my opinion because some previous experience in trading is needed.
Still everything depends how you estimate your competences and knowledge, how much risk you can take and how fast could you recover from potential loss. That is why is best to try multiple types and then decide what suits you the best and where can you make the best profit.
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It's possible but risky, you have to be educated and well acquainted on the country or city that you are going to visit if they Cryptocurrency friendly, of course, Google can help but you need more reliable sources like a friend who is also into Cryptocurrency from that country so he can tell you if you can use and where to use your Cryptocurrency.
It's a risk, yes, and even if country is cryptocurrency friendly that still doesn't mean you can use crypto for everything you want. We all know how limited is the number and variety of goods and services that could be bought with cryptocurrencies. The only solution for that to my opinion is crypto debit card. Is not direct use of cryptocurrencies but it's the only way you can be sure you could use them everywhere you want. |
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It seems like there is some anti.KYC campaign going on. I can understand the concern about privacy and data protection because I also don't want to reveal my data without a reason. But we have to understand that KYC is not developed against users and your private data but for protection against fraud, data and identity minuse and other illegal activities.
And I always say how funny it is that people reveal so much of their data and privacy online on social media, forums and similar and that is available almost to everyone but when it comes to KYC suddenly they are very concerned about their data.
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KYC verification has become a big problem for investors in ICO projects, but it has become an even bigger problem for participants in the ICO bounty campaigns. Most KYC checks are carried out after the end of the ICO, when bounty hunters are no longer able to refuse to participate. After all, they have done the agreed work and are just waiting for the deserved payment by tokens. Here, KYC verification already serves as a form of fraud in order not to pay the tokens earned by us.
As for the possibility of using our data by terrorists, this, of course, is not excluded. However, I do not think that the probability is high. There are not so many terrorists using cryptocurrency in the world, in any case, not anonymous types of it.
No way! I believe that we can invest without giving our identity. KYC process is just for whales because small investors only lend a few capital to buy coins. In addition, many scammers are using the identity of their customers in order to scam again. We don't need kyc because we are free and anonymous in this industry. in my opinion KYC doesn't help anything , it only puts you at risk of getting your identity stolen there are million ways to send a fake ID and many people are doing so I heard stories of rogue exchanges and ICO and bounty campaigns reselling their users data to any interested party with the databases resurfasing on the darkwb from time where anyone could buy them I do not fancy my real identity get leaked just because some exchange doesn't believe I'm not a terrorist Well, if your point of view is that every user will send fake data and try to make a scam sending forged documents then you are right. But in practice that isn't so and majority of people with honest intention will give their correct data. And every service provider who performes KYC is obliged to keep the data safe and secure and to reveal them. And it's interesting to see how many personal data are people willing to reveal online on different social media when even no one requests that but when it comes to KYC suddenly they become very reluctant. At some point people will have to decide what is morw important to them, so called privacy they actually lost first time they got online or security in some cases like terrorism. |
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It's not surprising that it can cost less to mine gold but the environmental effect of mining gold is just too much handle. Plus, these huge companies who mines gold does not even restore the places that they've mined on. I would still mine bitcoin since it is more valuable and more environmental friendly.
Unfortunately both, Bitcoin mining and gold mining have negative effect on environment. Regarding Bitcoin some alternative energy sources could be the solution but I'm not sure there is some sustainable method when it comes to gold mining. If I have to choose I would pick Bitcoin mining, new technologies are always looking for new solutions and long term are more profitable and acceptable. |
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This really made me laugh. Donald Trump and Bitcoin, sounds like a bad joke. He could only ruin Bitcoin, not make it a global currency and no matter that he is the USA president he doesn't have such power and besides I don't take him serious, he changes his mind too often and not only about Bitcoin.
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I don't know about any such bot that is actually working but when it comes to arbitrage I wouldn't even rely on bot. Arbitrage demands to be fast and efficient and I don't trust some software enough to do that for me and trust it my money. But that is just my point of view.
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Another exaggerated prediction made without solid analysis or with data that are just wrong estimated.
Anyway, I still think that Bitcoin users are too much obsessed with all kind of predictions and they pay too much attention on different so called experts instead of focusing on the market and they own experiences and estimations, too much focused on future and not enough on present time.
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it looks like you have been a scammer victim. bitcoin transactions are P2P-based so there is no way to cancel or reverse the transaction. transactions using bitcoin is safe and are responsibility by the user so transactions that take place cannot be intercepted by anyone.
There is no absolute safety, people need to know that. And if they are vuctims of scams I can understand they are afraid. Still when it comes to safety the way how Bitcoin transactions are functioning is one of the safest. I would say much safer than using credit cards or similar. Still the safety of Bitcoin transactions would not save you from shady people and scamers so you always need to be careful where are you buying and what so always check the trustworthy. |
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I don't know how I would define crypto addiction. Is it if you spend hours and hours in front of charts analysing the market or if you spen the whole day at exchange? And I.guess that the definition is not the same for traders and ordinary users.
Anyway, I guess there are some signs like compulsory behaviour, or investing too much money despite losses hoping that just next trade will make you rich. If anything of these is something you noticed than is better to move away from cryptocurrencies.
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People just expect too much, they want to become rich over night and this is not the way how the things are working. Although to my opinion rich are only early adopters who kept their coins long enough.
No matter that Bitcoin still offers great opportunities for earning money and make nice profit but not necessary to become rich. But to make profit with Bitcoin you have to have patience and strategy, you have to know what are you doing and why, that's why Bitcoin is not for everyone.
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Well, i really don’t know how to answer this  It’s actually a bit funny. I mean, everyone should know every kind of risks before making a decision to enter the crypto market. Altcoins are totally another world, there are hundreds of Alts and most of them are useless. It’s actually a bit weird if we expect some profit from Alts all the time. It’s not that easy. Not unless you are part of the team or you have insiders that will give you legit tips when will the coin will increase or if the coin will decrease, but if there's no assurance it's hard to invest your money in a single project where you don't have any idea if which directions the project will bring your investment, more in research before taking your position. These so called insiders could only give you such tips if they have cristal ball. Everyone knows that up or down trend can't be exactly predicted. Anyway, frustrations because of price come from time to time but with experience on the market and when you learn how to be prepared they are easier to come through. |
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The fact is that inflation in Venezuela also made money useless. If we were talking about dollars, then of course the thieves would take dollars. But since there was practically waste paper, which is called money in Venezuela, I had to take out the money by trucks in order to at least steal a bag equivalent to $ 100,000.
These are facts but people are not actually interested in facts, they like consiracy theories much more. Amd one of them is that cryptocurrency are made to protect fiat money from inflation, which to me perfectly makes no sense at all but many are obviously willing to believe that. |
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A hardware wallet will not solve the security problem of storing your funds 100 percent. But it’s still safer than storing it on a computer. Personally, I use a regular wallet. Just trying to pay more attention to safety.
Exactly, there is no solution that is 100% safe and secure and people need to be aware of that. Combination of multiple types of wallets, among other hardware wallet is good option. Still without awarness that everyone is responsible on his own for coins and that is needed to be precautious people will still lose their coins. |
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I think that Bitcoin helped a lot to stop the dominance of banks like only relevant source of financial services. It also showed that there is decentralized alternative that could offer more simple possibilities.
For some Bitcoin helped to solve financial issues as an additional income or to make investment portfolio without necessary big starting capital. Also it improves transparent in transactions without third parties and opened the possibilities for new concept of businesses based on cryptocurrencies.
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I've been looking at the card closely but haven't found anything that relates to bitcoin. OP had research about this and found many clues yet you didn't explained nor discussed it. You left us hanging, finding something related but found nothing.
Exactly, nothing could be found. Maybe this is just someone's imagination. For some reason people try to find the "signs" of Bitcoin that announced it in the past but I don't think this is actually relevant. This might be just for fun but it isn't significant for anything. |
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I really can't understand why people even pay attention to such predictions that make no sense, based on nothing n
There are just too many so called experts that are misleading users with at least strange information. Some seriously stick to such predictions, counting on getting rich just if they wait long enough and end up disappointed.
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I don't know the exact number, few of them.
When you promote Bitcoin it's very important to give some good examples, the best your own, and don't bother people with too much theories. Also, it's important not to be agressive but let people to make their own decision on the information you gave them.
No matter the P2P Bitcoin promotion we still lack some quality system promotion that will go to the wider audience
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