What a brilliant counter- thread to ' too many ICO' etc. People that believe there are to many altcoin are simply short sighted. The market value of cryptocurrency is still very small compare to market value of NYSE etc. We need as many altcoin as possible to remain competitive.
I agree buddy. Altcoins not even 10% of the SE. Yet people don't call some of the stocks in SE junks or useless. |
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Banks perhaps realize the usefulness of Blockchain in their system. In payment using blockchain is more safer than other system.
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The Philippines’ Securities and Exchange Commission said on Monday it is crafting rules to regulate cryptocurrency transactions to protect investors and reduce the risk of fraud. The regulation, which will cover issuance and registration of cryptocurrencies, is expected to be finalized this year, said Emilio Aquino, SEC commissioner in charge of enforcement and investor protection, according to Reuters.>>> Link for the source https://t.co/QnDpl32hXoSomehow this is good news but what are the actions or road plans of SEC to reduce fraud? This could be really protect the investors or limits the investors to invest on some cryptocurrency. |
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Please read my post if it is deserving or not. Thanks!
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what you say is very true but only in a perfect world.
you are missing an important fact that changes everything. and the fact is that a lot of greedy people and scammers and newbies with 0 knowledge have been creating a large part of the current existing altcoins.
in other words, we don't really have many "altcoins", we have some altcoins and a lot of useless junk. it is a decentralized and open sourced community, so anyone can simply fork another project and create their own thing without even adding anything to the technology!
i read somewhere that there have been nearly 700 coins forked from bitcoin so far!
We cannot deny the fact that technology is always abuse by spammers/scammers, altcoin is prone to that. But is up to the investors/traders to choose which one is credible and not, I believe they are expert on that. Those shitcoins definitely soon will flash to the toilet. |
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Many people asking why there are a lot of altcoins, and they suggest limits the altcoin making should be done.
The reasons why I don't agree to limits the altcoin aside from the reason of decentralization.
Here are the few;
1. The monopoly of market will be avoided.
2. There is a competition of prices in the market that can limit the price of the stellar cryptocurrency to overshoot.
3. Altcoins can cause unpredictable fluctuation of prices in the market. Fluctuation of prices result revenue for the traders/investors.
4. New and small investors/traders will be given a chance to trade in the market.
5. There is a healthy circulation of money in the market because hoarding/holding will be prevented.
6. Exchange site/market can gain also a suitable amount.
7. Bounty campaign will be continued to progress.
The point you mentioned is true but there are still contra that is emerging of shitcoin , I've heard rumors about Theymos will make a coin or token audit team but lately reportedly has never reappeared, even though the team is very helpful if it is formed. That's good buddy if gonna happened at least from the start is already screened. All will be benefited on it if it is formed. |
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Many people asking why there are a lot of altcoins, and they suggest limits the altcoin making should be done.
The reasons why I don't agree to limits the altcoin aside from the reason of decentralization.
Here are the few;
1. The monopoly of market will be avoided.
2. There is a competition of prices in the market that can limit the price of the stellar cryptocurrency to overshoot.
3. Altcoins can cause unpredictable fluctuation of prices in the market. Fluctuation of prices result revenue for the traders/investors.
4. New and small investors/traders will be given a chance to trade in the market.
5. There is a healthy circulation of money in the market because hoarding/holding will be prevented.
6. Exchange site/market can gain also a suitable amount.
7. Bounty campaign will be continued to progress.
But don't you think that having too many altcoins is simply unnecessary and counter-intuitive? At what point does it start becoming annoying and an inconvenience? I don't think so. I believe all altcoin are co-important and necessary. They will only differ on their marketing strategy of survival. Altcoin doesn't flourish to the market will die down then. Beside we are just care about our wallet. Coins outside our wallet doesn't annoyed us. |
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Many people asking why there are a lot of altcoins, and they suggest limits the altcoin making should be done.
The reasons why I don't agree to limits the altcoin aside from the reason of decentralization.
Here are the few;
1. The monopoly of market will be avoided.
2. There is a competition of prices in the market that can limit the price of the stellar cryptocurrency to overshoot.
3. Altcoins can cause unpredictable fluctuation of prices in the market. Fluctuation of prices result revenue for the traders/investors.
4. New and small investors/traders will be given a chance to trade in the market.
5. There is a healthy circulation of money in the market because hoarding/holding will be prevented.
6. Exchange site/market can gain also a suitable amount.
7. Bounty campaign will be continued to progress.
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Financial freedom if you are not working for money anymore instead your money working for you. Investing is one way lets say main way to achieve financial freedom. Investing in a few amount is a good start. Learn first your strategy at small amount, if you master your strategy then go to a bigger amount. 1-2 years road to financial freedom is hard to achieve unless you have a concrete and establish strategy.
As what Rick warren said in investment 'do not put all your egg in one basket.' 1-2 years including mastering your strategy in investment is beyond reach.
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What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?
Majority of the poor country their government curving them. So btc has a less chance to have a place in them unless sponsored by their government. |
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Facebook and twitter is one of the best to promote your ICO. There billion in that community so your ICO will seen and known immediately.
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Hi there! I just need your advice. I invested the money instead of paying my school fees. Yeah, i know this is wrong because education is more important to us and it can't be stealed from us, i'm still studying but my fees will be doubled on the next payment. But i believe this will end a good result. What do you think about this ? Your advice will be highly appreciated. Thanks!
This is a risky act. You could lost 25% of you money when the deadline of payments comes. You could not enroll then? if that would the case you have to be goo in alibi to your parents. Blame the snatcher then you are safe from your parent is have no enough money to enroll. if you want to gain money. Bounty campaign much better since then invest it later. |
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^ Sending you a hundred phantom merit points now. Use it wisely. And thank you so much for your deep and insightful comment. I shall always keep it to heart.
I'm also looking forward to more of your deep insights, not just about crypto, but in life in general...
I am flattered on this comment. Thank you! Every merit I will earn will not go in vain. |
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People have been talking about privacy being a very big deal in blockchain transactions. Can you help me understand how will privacy help ? Preferably give an examaple to explain better. Thanks
Everyone needs a privacy. Not all places on earth are safe. It is your defense against evil. If you expose yourself expect evil people will try to get you if you have much. |
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Merits should not be view as a punishment or suppressor for the lower ranks. It should be considered as a training and a test that you are worthy of a ranks.
Honor of having a merits is the thing that we lower ranks should be proud of. If we ranks up we earn it in a hard way which you will cherish it and savor every merits we earn.
Just continue the hard works, do more research we will reap then in the later.
'We will reap of what we sow.'
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Merits are prerogatives of the members/readers. Quality post doen’t guarantee a merit. There are lots of no quality post here got a merit. Besides majority of sMembers have a merits don’t bother to give you a merit unless he/she is your friend. sMerit should not be limited to the members have merits it should be for all, it should be fairly distributed so that everyone can give merits according to their judgement.
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Social media is one of the powerful mouthpiece for anything you want to dilever to the public. It can spread rapidly any information for free in a short period of time.
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It is possible that btc is use by criminals. But there's any currency never been used by criminals? There is none. All currency/cryptocurrency is susceptible to such doing no exemption. I think those people just only discredit the btc.
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Seem it wouldn't gonna happened to reach to that price. The current status of btc is too far to reach to that point.
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