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Scammers are difficult to eradicate in this ecosystem but it is possible to avoid them by simply educating ourselves and investing a little of our time learning new things so that we can outsmart them in every possible way. They always have a new trick up their sleeves so we must be very careful and don't rush into something without doing a proper research.
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I saw this thread since it was posted but didn't add any comment that time because I don't have a TA skills  which can help this thread more informative but I can't stop myself to praise OP on his bullish prediction and it seems that OP was right on his prediction base on the price movement of Bitcoin over the past few days. |
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i hope you realize that you are not buying a hardware wallet for $10, you are actually selling them something and in return they are giving you a discount on Keepkey.
what are you selling them, you ask. you are selling them your identity and personal documents when you go through their KYC. so in reality that hardware wallet is costing you a lot more than just $10 + shipping cost.
in other words the scam is not only in the shipping cost but it is in fooling people into giving them their identity.
It make sense though I have never bought any hardware wallet but I've seen a lot of seller online which is why I'm wondering if KYC is usually required for buying hardware wallet or not? It's my first time hearing about Shapeshift and the price they offer for a hardware wallet is very cheap if shipping fee is not that high then I might consider ordering one but does anyone here successfully bought from them? |
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We can't blame those people who lose their interest in Bitcoin and force them to stay on the ecosystem after the market crash and the fact that some government don't support Bitcoin which makes them have doubt. Bitcoin is still immature so lot of things will happen during the process, there is always ups and down so if some people can't accept its downside then they don't deserve its true worth in the future.
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I'm not sure if we can say that accessibility is weakness of Bitcoin because if we are talking about mass adoption then it means that Bitcoin must be accessible to everyone or any kind of person on every part of the world. I have thought about this because there some remote areas in every country that blocking access to Bitcoin, also people who are visually impaired having trouble on adopting this new technology.
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This is a terrible sight that is happening in crypto industry since the KYC was implemented, some scam projects is solely created to stole your personal information and use them for their illegal activities. Even bounty hunters became a target because they are easy prey as they are eager to claim their rewards and due to the growing number of bounty hunters, fraudster can easily collect a lot of infos.
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KYC is needed right now because of its widespread abuse of bitcoin such as terrorist funding, illegal drug purchases and others although KYC is contrary to the nature of bitcoin but I think KYC must be needed for security.
Exactly, as a crypto lover we all want to remove those illegal activities on this space to create a better image about crypto because other people know that crypto is only used for criminal activities which cause them to avoid crypto. KYC is one of the solution that regulators implement in crypto space to push away those person who have bad intention that is using crypto for their illegal actions. |
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Volodymyr Zelensky is not the sole pro-Bitcoin politician in Ukraine. A few months back, the Ukrainian parliament (Verkhovna Rada) made it mandatory for the lawmakers to reveal their cryptocurrency holdings. One of the MPs declared that he holds BTC465 in his wallets, which is worth more than $4 million. A few of the other lawmakers also revealed that they hold cryptocurrency. As per the affidavits, Oleksandr Urbansky owns BTC2,492 and Dmitry Belotserkovets holds BTC398. And the most surprising case is that of MP Dmitri Golubov. He declared that he is holding a massive BTC8,752 in his wallets (worth around $80 million). In total, 57 officials declared that they own Bitcoin.
Wow that was huge amount of Bitcoin holdings, no wonder why they are rushing to legalize it on their country since they will benefit from it once the price goes up but still a good news for crypto-space because other countries might follow their action like a domino effect. P.S. can you share me the source? Thank you in advance! |
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If you think that IEO will guarantee the success of raising funds then you are totally dreaming because crypto investor are getting smarter now after having a bad experience on scam projects. They are now making their own research about the project before investing so even if a new project launch their IEO on top exchanges, it doesn't mean that investor will invest right away though you can get a lot of hype since those top exchanges have a big community.
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Still many of newbies are not aware of their private keys. I see some of them do provide private keys to get some free tokens either from airdrops or from fake bounty projects. Some of them unknowingly save their private keys on their Bitcoin Forum account. In fact I did save my private keys on my bitcoin account. Newbies should know the fact that they should not share their private keys to anyone. Only they should share is ERC address.
Newbies always mistaken that private keys are also their wallet address. I've encountered a lot even before. They just dont understand that their private key is the heart of their wallet, once it was stolen or given to other person, the chances to compromised their wallet is 100%. It is clear when creating a wallet, an instruction was posted to avoid giving or sending private keys to anyone, they should know and understand it very well. That's what you can expect from a newbies since all of this is new to them so they probably do some mistakes. The only thing I can suggest is not to put the privatekey and address in one place or close to each other because its likely to happen when you want to share your public address to others that you will copy your privatekeys instead of the address. Always make a seperate file/record for privatekeys and wallet address only so whenever you want to check your balance or share your address then just open that file where your addresses stored. |
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You don't need to worry about young children and old people because Bitcoin will surely co-exist with fiat currency in the future. Bitcoin is not created to erase the existence of fiat currency instead it give us an option on how we can spend our funds in a digital method. Humans have brain that works like a computer so I'm pretty sure that as time goes by they will learn how to use Bitcoin in a proper way.
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Illegal activities have been the dark side of cryptocurrency long ago before it goes mainstream, criminals or people with bad intentions is using the decentralized network to transfer their money or buy anything online while hiding their identity to authorities. With their illegal actions the govenment became so hesitant on adopting crypto which is why they are trying to form some regulation to avoid this to happen in the future.
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One thing I like about cryptocurrency is that even an ordinary person can easily gain access as long as he/she got a money for buying crypto and wallet for storing the funds, you do not need to go through a stressful verification process just like the banks are doing for their new customers.
At the moment, Bitcoin is the most widely used digital coin across the globe and it does almost everything a fiat currency can do. I believe that in the next coming years more people will realize it soon and the time for mass adoption will come.
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You will just increase your loss in investment if you convert all your altcoins into Bitcoin, only the long-term Bitcoin holders will benefit from what you intend to do. I get OP's intention to help Bitcoin price to grow but converting all your altcoins into Bitcoin is not the right thing to do unless you are holding a coin that is about to become shitcoin.
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It is possibe for any cryptocurrency to die especially those coins who have no real-life use but for Bitcoin to die is a different story because the community keeps growing and stronger even though the government on some countries is resisting to adopt Bitcoin. I believe in the next few years more people will understand the value of Bitcoin and its use, when this day comes I'm sure government will stop the resistance to Bitcoin but instead accept it as a whole and put some regulations to safeguard its citizens.
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my friends lost his coins from offline wallet when he was chatting online on facebook messenger
sure he can't restore his coin
so how can protect offline wallet ?
Yes its near to imposibble for your friend to restore the coins but your friend can track the transaction and see where it went though I find it strange to lose coins just by chatting, maybe your friend given access to the person he or she is talking to that is why your friend coins has taken during their conversation. There are lot of scammers these days so don't entertain any person via chat that offers a big ROI if you invest through him. |
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A guy bought a very big house, which triggered an argument on a telegram group.
some people were arguing on a telegram group that they guy couldn't have bought the house with only trading profit....some insinuated that he must be into other businesses.
I laughed at their ignorance.
Why? Because I know that even in this present market condition that some skilled traders are making a killing.
I'm not talking about traders who trade with small capital here.
The conclusion is that when you trade with massive capital ,you earn massively.
This guy is lucky he bought a whole house just from the trade. Perhaps he bought Bitcoin for a large amount, when it cost about $100, and sold at the price peak about $20K. I'm happy for this guy. His success proves that the one who believes in the dream, strives for its realization-gets it. But also his example can become a reason for the fact that some people will invest a lot of money in expensive Bitcoin. The result may be the opposite. I think that is not the case, based on my understanding on OP's story a guy bought a very big house during the bear market that makes the telegram members very curious about how that guy spend so much money when their own portfolio is down. The guy must have done a short-term trading using his huge capital which led him to gain a big profit even the market condition is bad. |
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If you are asking me. I will still hold my bitcoin because I am of many bitcoin believers that believes that bitcoin will rise and have possible bullrun before the year 2019 end. Me and my team are already bought and still buying bitcoin in our savings because all we know that this is worth it.
This is exactly what I am doing over the past year or should I say when the bearish market started, I keep holding my Bitcoin and buy more at dips which increases the rewards I could gain in the future. Crypto is not matured enough for our society and it will take a lot of years to be acknowledge globally but I'm willing to take the risk because during the process a lot things can happen whether I gain from my investment or not. |
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There is no chance to trust my coins to an unknown and unproven solution like Safehaven.
I prefer to make my own preparation.
A small amount, kept on Exchanges most propably will vanish.
My closest people know how to operate with my Ledger.
Were on the same boat mate because you can't guarantee that this third-party will give your crypto wallet details to your beloved ones when they can cash-out it by themselves once they confirm that their customer died. A documented account details or a ledger is the best option that can be easily past to your closest friends or family members when something bad happen to you. |
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Over 850 millions of people use alipay as means of payment mostly in china and i heard lots about wepay as well, i come to think of it that what if bitcoin was been used in their places instead? if alipay and wepay can get to where they are today then altcoins have all the chances of survival as well. Wepay and Alipay are just online payment solution, crypto can do better.
Real use cases plus real life working products, let these two be your main focus when picking altcoins to invest your money on, do not listen to those saying 'dump altcoins for bitcoin' when you are holding solid altcoins
This could happen in the future once the regulator come up with a regulations that will favor all parties and if the government don't put too much pressure on them then they might accept Bitcoin as an other payment option on their platform. China is still denying Bitcoin but they are now on process of creating their crypto which means they knew that there are lot of benefits for having a digital coin like Bitcoin. |
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