Interesting article about the death of ICOs and the emergence of IEO... https://cryptotradernews.com/investing-trading/are-icos-really-dead/What do you guys think? I don't think ICOs are fully dead. They just need to be regulated in more efficient ways. Most ICOs from 2017-2018 never delivered on their promises because they were being ran by a bunch of assholes who didn't deliver squad... We need more regulation. Only then will ICOs get better imo. I still participate in the campaigns of the ICO bounty and do not consider them dead. However, I agree that the activities of the ICO should be regulated by the states. First of all, you need to clearly verify the documents and the identity of each member of the ICO team, provide a number of measures aimed at eradicating possible cases of fraud in this type of activity and protect the rights of investors and other ICO participants, including ICO bounty campaigners. It is necessary to bring order to the question of checking KYC, because here the rights of citizens are massively violated. Only then can the ICO projects be revived again. |
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In the near future people won't have choice but to embrace cryptocurrency and blockchain technology, whether you are in support or not ,whether you hate it or not ,you will be the one to stand up and embrace crypto yourselves without anyone forcing you to ,adoption is simply adoption ,love it or hate it
This is a completely wrong point of view. People will always have the choice to use different payment systems. No state will ever give up its national money and will not switch to full use of cryptocurrency. Otherwise, the economy of such a state will be paralyzed. Cryptocurrency does not have such a relationship with the economy of any state, which have the usual currencies of states. |
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I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying
Totally agree with you. KYC checks should be carried out only for investors. And even not everyone, but only those who buy tokens for large sums. This will be in accordance with the general rule that such an inspection is conducted only for the purpose of preventing the laundering of dirty money and the fight against the financing of terrorism. In this regard, conducting a KYC check for bounty hunters is completely illegal, because we do not buy tokens in the process of participating in the ICO bounty campaigns. The KYC check after the end of the ICO looks especially wild, it can definitely be called fraud by the ICO team. |
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In order for banks to serve cryptocurrency enterprises and open accounts for them, banks' desire alone is not enough. They work hard on instructions from the government and relevant government agencies, and if the instructions do not clearly indicate what to do if someone wants to open a cryptocurrency account, they will not do it because their initiative will result in major penalties for them . Therefore, the issue is primarily in the legalization of cryptocurrency states and the adoption of relevant laws and regulations. |
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People will always appreciate gold and invest in it. This has been done for millennia and will continue. It is a reliable and stable means of preserving value. Bitcoin and other decentralized cryptocurrency are not, since they have high price volatility. In cryptocurrency, you can earn money, but the reserve is best stored in gold.
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I am relatively new with regard to bitcoin but what I have noticed is that a lot of people just invest on it and then cash in when they feel like it is already enough to make a profit. I do not think that this will not be great in the long run because of it being unstable. So what can be done to make it stable?
Only centralization and manual control of its price can make Bitcoin stable in price. However, this is unacceptable for Bitcoin, since one of the fundamental principles of its existence will be violated. Therefore, unregulated bitcoin will always have high price volatility. Moreover, the higher its price, the greater will be its volatility. |
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I really think government will create their own cryptocurrency that will replace Fiat. Cryptocurrencies will dominate the world and the government would have no choice than to create theirs which they feel they will have control over. Government actually don't like what they can control. And when the people starts going for things that ain't controlled by the government, government would try to create something similar in order to attract the people.
No, this will not happen for several reasons. First, a significant part of the population does not agree with the fact that they have been deprived of the opportunity to use paper money. This is still the most simple and convenient form of financial calculations. Secondly, states will always support their national money and never refuse it. The economy can grow with a healthy and reliable financial and credit policy, which will be based on national money. Cryptocurrency can not replace them, because between the cryptocurrency and the economy of any state there is no necessary relationship. |
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I hear it all the time. Bitcoin/crypto is alternative to fiat. And almost every token philosophy is based on this premise.
The question: can cryptocurrency beat legacy financial institutions to the point of replacing them?
... Thought as much... The much lauded JPMCoin was all noise and no substance. But can an accident happen to make legacy institutions catch up to the decentralized world?
No, cryptocurrency can not significantly affect the work of the banking system, especially so as to make them disappear. Besides the fact that a cryptocurrency can not have such an impact on banks, no state will ever allow any external factor to destabilize the work of banks. Banks, especially state-owned, are part of the state and it will destroy anyone who encroaches on their normal work. |
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so far Crypto market has been very profitable source of income for scammers without been caught for example,in 2015 and 2016 we saw many ravenue share sites such as(TAT) The Ads Team,My 24 hour income and(MPA) and (MPCA) My Paying Ads appeared and their owners scammed million of dollars and they disappeared without being arrested and in 2017 and 2018 new fake ico"s came again they made people fool .at least there should be a law to return the people money . it is not impossible to arrest these criminals ,all these scammers have social media profile they can be punished easily.
It is very difficult to establish and punish fraudsters if they committed these crimes using the Internet. They can be in any state of the world, and law enforcement agencies work very slowly if crimes are not committed on their territory. If there is no direct agreement between the two states on cooperation in this field and the extradition of criminals, then they act through diplomatic channels, and this slows down the whole process. The situation can change for the better only when most states legalize cryptocurrency and will regulate the activities of ICO at the place of their registration. Then it will be possible to actually identify all the members of the ICO team and further carry out their search. |
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I think there's a chance to make it real but not in the near future. Many people don't trust crypto, or have never even heard of it
I think that cryptocurrency banks will arise and exist in the near future. I already read that, in my opinion, a cryptocurrency bank is already operating in Sweden. In addition, in this forum I have already seen two ICO campaigns, the purpose of which was to create a cryptocurrency bank. However, ultimately, whether they will develop or not will depend on whether there will be a demand for their services. They have the right to exist, and time will tell how much they will be in demand. |
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There are now many forms of fraud related to KYC verification. So, I participated in the ICO signature campaign, which was conducted by the company Local Trade until September last year ... I was counted a large amount of their LOT tokens. On their website Cryptoa. com I went through registration and two levels of KYC verification with the provision of copies of the required documents and since then I have been waiting for these tokens to be paid there. Periodically went to their group in
ICO telegrams, but there was no information there, except for the repeated greetings of the robot and advertising of other projects. Accidentally went to their other group of telegrams, and it says that even in April, in a short time, you had to write to the e-mail provided with repeated information about yourself. Those who did not write such a letter before April 20 lose the right to remuneration. Isn't that a scam?
We have been waiting for the token accrual for half a year, which should be carried out for some reason on their website, and not in our wallets, as agreed upon when joining the bounty, completed the agreed work, were tested by KYC, we were forced to wait for half a year to pay, and then we came up with writing one more unwanted letter with the expectation that very few people come to their telegram groups after a long-time KYC check and therefore will not pay out the earned tokens to a significant part of the ICO bounty campaigners.
We need to raise this issue and eradicate such forms of fraud in the ICO.
Yes, I am familiar with such fraud on the part of the ICO team. This, of course, is not normal. It’s too much to come up with additional responsibilities to write about yourself, six months after the end of the ICO and passing the KYC check. Here is a frank deception. Local Trade Campaign does not deserve an honest name. They should be considered fraudsters. |
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Cryptocurrency can not replace fiat, it is simply not capable of it. The decision to abolish national paper money can only be taken by the legislative body of this state. Without this cryptocurrency is not able to do this. The state will never give up its national money, although paper money may eventually change to more advanced forms of national money. Cryptocurrency and national money of the states will be forced to exist together and can influence each other.
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In addition to the exchanges listed on the CMC, there are many other exchanges.I have a question WHY do we need so many exchanges?What do You think the new exchange will be able to attract potential users?
Despite the fact that we have really got a lot of cryptocurrency exchanges and exchangers, we cannot yet find such an exchanger so that any coin or token can be exchanged for regular currency. Universal exchangers, and especially stock exchanges do not exist. We also need a lot of exchanges and exchangers in order for there to be healthy competition between them, which should lead to improved conditions for their use. |
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Bitcoin is a store of value and should be treated as such. Since Bitcoin has no stakeholder, only developers, it would not be valued based on a "business" but moreso based on basic supply and demand of Bitcoin itself. If you understand the concept of Gold as a store of value and its value over the millennia, then understand that Bitcoin is more or less a digital version of gold.
Bitcoin cannot be considered a reliable repository of value due to its high level of price volatility. A good example of this is investing in Bitcoin at the end of 2017. Investing at this time led to a decrease in the price of bitcoin by 70 percent. A reliable repository of value then disappeared and did not appear until today. |
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Do you think that people will soon hide their money from offshore zones to cryptocurrency, so Bitcoin will rise in price to one hundred thousand dollars? Very interesting reasoning. There is a certain logic in this, but this is unlikely to have a significant impact on the price of Bitcoin. After all, money is not just displayed offshore in order for it to lie there as a dead weight. Much of them are coming back in the form of foreign investment.
I do not think that the price of Bitcoin in general will be able to rise to one hundred thousand dollars. People themselves will not let him rise to such heights.
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Very interesting to read messages. written seven years ago, when the cryptocurrency was in its infancy, and the price of bitcoin was at the level of 4-5 dollars. Yes, if these people then knew how high the price of Bitcoin would rise. Just as we do not know what the price of Bitcoin will be in another seven years.
Also, it is possible that people will read our messages and reason in a similar way. The world develops cyclically, but not in a circle, but in a spiral. Everything is repeated, but at a new level. I wonder why we never heard about cryptocurrency-like money?
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It seems to me that we are unlikely to ever fully be able to go only to the use of cryptocurrency. And in my opinion, this does not need to strive. In many cases, the usual currency is much easier to use than cryptocurrency. In particular, Bitcoin will be better used for large transactions, and for small ones, the usual currency is more suitable.
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Going by 2017 bull market history, do not think bitcoin going to $100K is bad for altcoins. Most altcoins should do very well in such a bullish market. Some bad projects closed down in 2018 but that is not unexpected.
We have always seen that with the increase in the price of bitcoin, the price of altcoins also increases. Only useless coins and tokens will always die and leave the cryptocurrency market. However, I do not think that Bitcoin will ever have a price of about one hundred thousand dollars. The usual human qualities will always work - stupidity, fear and greed, which will never allow Bitcoin to grow to such a price. |
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The first currency to buy is the TNB. Because it is a novice, I missed many opportunities to get rich. I want to cry without tears. When TNB is $0.015, my friend asked me to buy it. I didn’t buy it. Later, 0.1453 When I entered the market, when I went up to $0.2906, I still didn't sell it. This time I won't miss it again.
Do not worry about the loss of profits in cryptocurrency. We all constantly make similar mistakes and will inevitably make them in the future. After all, the price behavior of our coins and tokens is very difficult to predict. Cryptocurrency in this regard is more like a lottery and it is almost impossible to calculate all possible scenarios. |
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Stability is a really strange trait, it doesn’t fit cryptocurrencies, so I think that this should not concern cryptocurrencies, because such projects can create very terrible problems for cryptocurrencies.
But maybe everything will change this year and Bitcoin will cost in the range of 4000-5000 dollars. This will be the stability of the cryptocurrency market. There is not this one year where everything will change. It's a long journey with new things coming to fruition every single year. It should be borne in mind that stable coins are not a full-fledged cryptocurrency, since it is not intended for profit. Stable coins have their own specific task - to facilitate the use of cryptocurrency. Therefore, the presence of such coins can in no way harm the normal functioning of the cryptocurrency. I, on the contrary, believe that there should be more stable coins. |
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