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It comes down to legality. When we are talking about courts and judicial organs, they are an integral part of the state and they have been one of the most conservative field everywhere. There also comes the issue of authenticity and privacy. Both of them mostly act reciprocally. It would be difficult to keep a balance on them.
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I hope no people will get rekt for this trip of Yobit. And I don't think so that most of the trade orders there are true or from its customers or users of that exchange. I really hope that because it is really a devastating once this shitcoin will vanish.
Even this shitcoin will continue to trade on their exchange, I hope people will know or spot this trip, this is really a trip for April fools of coinmarketcap, I really didn't expect this will happen in such exchange.
I had a look on cryptotalk about this and found a thread (in russian so understood what I could with google translate) and users were saying they bought that (fair enough, most speculative, but still) and admins/moderators had nothing to say. Just kept announcing new IEO and other shits. This has to be a new low, even for Yobit Coinmarketcap introduced it as a April Fool joke and provided no links to any coin or wallet while the coin listed by yobit is an ethereum token. I think they used the coinmarketcap's joke to promote a fake token that they themselves created. Users should be cautious about that fake token. |
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No doubt bitcoin is safe but the question arise about it's profitability. There are news of miners selling their ASIC for cheap as they don't think the halving would make bitcoin mining profitable for them. For mining to be profitable for most miners, bitcoin's price needs to be at least $10K after the halving which is still not in sight. This could further make the blockchain vulnerable as the miners could get in the hand of con players.
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It all sums up to experience and learning from your mistakes. The correct formula for you should be found by yourself and it won't necessarily replicate for anyone else. You can't call yourself a trader if you stop trading and wait for the price of coin to rise. That's what a hodler does. A trader would actively trade and make profit even in a falling market.
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I think that is the author of Rice Dad , Poor Dad. Is being long I read that though.This is nice to see people of such public figure commenting positive to investing on cryptocurrency. This will of course cause a positive drive to investment.
Rich Dad Poor Dad is still the top most selling finance related book and almost all of new investors go through it as they start. The book though takes priorities and decisive note in some matters, is a well balanced advice for looking at investment opportunities. And bitcoin is certainly one of them. Illegal doesn't always mean unethical. Bitcoin has been outlawed and made legal again in many parts of world. |
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Bitcoin has value because people trust it. They either trust it as a decentralized system that's transparent on numbers and transactions or they trust it as a solid investment option that's limited in supply. The value is not given by anyone but the users, people considered it as a buyable thing at $10K and considered a sellable thing at $5k just after a week. So, it's the market and sentiments that determine the value.
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Could if we are not able to contain it within the next three months. As most of the countries are locking down to stop the spread, we would be able to control it manually within the next two months without the use of vaccine. China is effectively free of it and has started production. China is also the home for largest miners and crypto business. Taiwan and Singapore too have effectively prevented themselves from the virus.
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No doubt bitcoin market too is dominated by the same investors that manipulates the market to buy for cheap and sell for high. Be it the stocks or crypto or even real estates.
The current dip in stock markets have brought down the price of shares lower than the last few years and to buy the shares cheap, they'd need money. It's a simple maths.
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I had studied about a similar Ethereum contract in the past. All of the process were automatic and transparent but the contract stopped working due to fees and congestion as it used to send small amount of ETH daily as interest. A similar but a high amount for minimum payment threshold contract may work. But again it would depend whether new investors comes after you or not.
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Bitcoin is already considered as a coin for freedom and cross border payments. People are using it to save their wealth securely away from prying eyes.
As of the decrease in price, bitcoin has been very volatile in almost of its history and current time is not one of the best ones as we can see almost every markets are decreasing.
Gold decreased 30% a day. That doesn't mean gold has failed.
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Yobit is doing this for years in one form or other. The yovi rise only market was the first ponzi where the price is always rising but the users cannot sell the amount they want at the price they want. I'm too stuck with some yovi and never fell for that exchange again. They have brought many fake coins and ICOs with fake promises and just profited from naive and gullible investors.
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There are several that could be added.
Bitebtc - scams similar to sistemkoin, they don't credit the withdrawal to users wallet.
If P2PB2B and Latoken makes it to the list, you should not ignore yobit.net, the two feels just like a newer version of yobit.
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Stellar could be recommended for the long term but I don't think it would be as beneficial as other coins for short term as there is no exceptional things happening for it within the next few months. Bitcoin is a favorite due to the may halving. People are mooning Ethereum for it's POS shift. Stellar is a horse of long run.
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If you just search in this forum, you'll find tens of scam accusations against sistemkoin and almost half of them have the same issue.
Every users should at least try to research about the exchange or any service before jumping in to trust them with a large amount of coin.
A quick search before the incident could have changed the mind of the person depositing.
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Restrictions and sanctions would always promote crypto use and crypto are difficult to stop. US has always used IMF and US Dollar to control over the world and many countries are working with crypto to break away from it's influence. Venezuela tried, Iran has been successfully trading with Europe with crypto and Russian startups are getting funds from US investors, thanks to crypto.
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It's always the fight between the good and evil. And where there is money involved, larger would be the scams. It's not just in crypto. The thing that makes it easier for them to scam with crypto is their chance of being caught and brought to justice are negligible while they scam using crypto and remaining anonymous. The only way to be sure about a project is actually realizing how fulfiling the promise is and have a look at at-least a demonstration of what the team are capable of.
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In your opinion, does the founder of Ethereum (Vitalik) still have tens of thousands of personal ETH?
I have read an article about Ethereum for $ 1,432.99 USD (13 Jan 2018) and in a written statement that (Vitalik) sold 30,000 of his personal ETH at the same time. but I forgot the link.
BTW, for example (Vitalik) still has tens of thousands of ETH or hasn't sold all of its assets at the time, so I think Ethereum still has a big chance to reach the highest price again.
how about your mind?
If the development team does it right, Ethereum would again cross that all time high to make a new record. And as of Vitalik, I don't think his holding of some thousands of coin would have any significant effect on the development and future of Ethereum as he has taken an insignificant role and is not the leader of Ethereum. |
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Proof of authentication:
Campaigns joined: Signature
Telegram username: @Nalbo
TRX wallet address: TAAEhnpCv1HtbcvybYrjzroSmRg5m3i53d
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Ethereum is still the most underrated alt to be honest.
I's should've been a $500 worth even in this bear market.
It's the most Blockchain that have Dapps on it, real great Dapps.
This whole cryptophere is still so unfair to some great alt like Ethereum. & many others.
Like bitcoin is for crypto, Ethereum is a pioneer for 2nd generation of cryptocoins. This simple headstart would put Ethereum in the prime position for a long time. And unlike Bitcoin's development team, Ethereum has an actively working team and would be able to compete with modern tokens. |
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