Most of us did it when we set up a bank account but there are alternatives. Some online banking systems like Revolut require only the most basic information.

We still have a lot to say in this matter. I've never did extensive KYC like the one where they require you to take a selfie with your ID or participate in a video conference.


Have you heard about p2p trading or physical exchanges where you come in with your phone and leave with cash? ATMs also require minimum data.
There are ways to get fiat without KYC.

The stock arket was crashing so much that they shut down and did not allow people to trade anymore. This made it seem that the stocks did not crash so much but they would if not for the external influence.

You can see how traditional markets work. They decide when you're allowed to sell or not. You're just a sheep to them.

Bitcoin is only as decentralized as the Internet. If they shut down the Internet what will you do? That's what people who sell are afraid of. The total shutdown!
Have you noticed that the biggest crash happened after Trump said that the US will close its borders?

No user likes KYC. Business owners also don't like KYC because it's an unneeded chore.

The only people who like KYC are all those office clerks maning desks at the IRS and similar government offices.

KYC doesn't work because smart scammers buy IDs. They buy whole stolen databases and register as other people. If you did KYC chances are they are already using your documents elsewhere.

I'm disappointed that despite a growing number of exchanges the total liquidity of the market did not increase.

We were used to flash crashes in 2013 and 14 when the market was mainly Gox, then Bitstamp, Btce and a few other exchanges. One could think with more BTC on the market, more investors, exchanges like Bitfinex and Coinbase, this should not happen, but no, exchanges are still the weak point of cryptocurrencies. They introduced leveraged trading and now every small move can be multiplied and followed by an avalanche of overleveraged trades.

Not much has changed over the years.

I have books that were printed in the 50s and 60s and some of them spent years in very moist and cold climate (attic of an old house with temperatures ranging from -30C to +30C) and they are still very much readable. The paper became yellow, even brownish but it's still completely fine to read and doesn't tear or break easily.

A piece of paper put in a sealed plastic bag will survive for 200 years with ease as long as it's protected from direct sunlight. 

Other very durable and easy to engrave options include soft metal plates like aluminum or copper. You can engrave them with a simple screwdriver.

OP you're only repeating the FUD from some Internet trolls. I also saw those comments that "bitcoin was promoted as currency and then the narrative shifter do digital gold" You're repeating words of some other clueless frustrated wannabe investors who thought they'll buy Bitcoin at 10 thousand, go to bed and wake up millionaires.

Bitcoin never failed as a payment solution! It's used like that many stores in Japan and Korea. The adoption is very slow and that's why you think it's not happening. Travel a little and look for stores that accept it. You'll be surprised by the number of them.
2 years ago there were almost no businesses accepting it on the map and now you can find ATMs in most big cities and places to spend your coins.

It also works as digital gold. The problem is that gold is tanking along with everything else.

So said people when Bitcoin fell in 2014 and later in 2016 when it was scraping the bottom. The same people were in 2017 regretting not buying more.
I bought whatever I could. All below 6000 is a bargain.


I don't like Warren Buffett that much because he doesn't understand new technologies but he said a very smart thing. Roughly it went like this:
If you buy stocks be ready to hold for a few years. If you buy to sell next week stocks are not for you.

The same goes for Bitcoin.

Shorting the market since January? That must have been hard for you seeing 10 thousand for so long.

I hope you weren't shorting with leverage. That would be like sex with a hedgehog

I also think this was planned and it's really easy for banks to make it all go away. The economy will not collapse. If they need to they will cut rates like OP said or they will print some more money. It will make fiat currencies worth less but losing 1% of total fiat value is nothing for them and check out how much 1% of total USD supply is. That 1% loss means they get that amount of value for free and can do whatever they want with it. Bail out whoever they want.

I bought some at 6000. It's already lower than that but 6000 to me is a great well known and historically strong level. Maybe we'll go to 5500 who knows? If we look at it from a long term investment perspective wherever you buy, 5000, 6000, 7000, you're going to profit. The question is when because the higher you buy the longer you'll wait.

I wasn't expecting such a fast decline. The price action was a panic move after USA closing borders. People see that this is serious and want some cash in their pockets just in case. If nothing bad happens in the next 2 months.

Are you sure about that? To me it seems that cryptocurrencies are acting exactly like stocks and are treated the same by people. People are selling all investmenst and turning it all into money because they think they might need money in case of emergency.

In their simple minds they see themselves running away from the flu and buying fuel and food along the way. Maybe they'll need money to bribe someone. They prefer to have something that can be spent fast.

Every time I see you post is after a big dump and every time you're saying it's all over for BTC.

How many times do you have to be proven wrong to finally get that it's not going to 1000 or any other one of your lows?

Going back to the topic I believe people like Arthur Hayes who yesterday that we're going down to 6000 and then back to 20. All panic dumps that aren't backed by any fundamental flaw end like this. The last panic dump was in 2018 when we fell sub 6000 and we are doing it again.

It might be happening as we speak because BTC has gone below the strong support of 6000 dollars. Last time this happened it was when we were 2 years in a long bear market and on our way to the bottom of 3000 dollars. This i reall bad for all cryptocurrencies. Not 0 of course and we will not go to 0 but it's still bad.

Please stop with the coronavirus already. It was fun at first but now everybody wants to have their own thread about corona affecting the economy, trading, Bitcoin, altcoin, the Internet, gold and whatever you can think of.

A virus that kills 2% of the sick will not do anything. This is not black death or some other big epidemic where 30% of people were dying and they had to burn and bury them in mass graves.

2 months from now nobody will talk about this anymore.

Is one year an important period of time for an asset? Why? Because it's a round number?

2 years ago it was 8300. Does it mean anything? The most positive part about comparing years is that today the price is on the highest level but this information has no real meaning. We could say that it's the highest so there's a lot of room to go down.

OP must be talking about some other coin. BitCoin? What's that? Some kind of a new logo registered by Craig wright?

This thread is some kind of conspiracy theory. It did not work as money so "they" changed the narrative. Who did? Those people who control the market from China?

Probably Jihan is behind it all pulling the strings. 

Gold is taking a dive right now. Does it look familiar?
https://www.kitco.com/gold-price-today-usa/

That could be a good way to teach young gamers about cryptocurrencies.

I thought that the first to adopt this will be MMORPG genre because this is where the big money is spent but it looks like shooters can also benefit.

Previous CoD games were incredibly popular. I remember reading how truck with new CoD dvds was stolen once so the demand is there for sure

Don't ask for investment advice on the forum, do your own research.

Most people who are here have their own agenda in promoting certain coins or businesses. Some are paid to do it, others have invested their own money. Some can even be holding bags they want to sell to newunexperienced people. You could also be asking for advice other new people who don't know what is good but want to recommend something because they're in a campaign and it pays for anything they write.

If you feel like you're burned out and you're not earning as much as you should just take a break from bounties.

Look at it from a perspective. The market has its good and bad moments. We had a positive wave in Summer of 2019 and now again since January of 2020 but it's slowly coming to an end. Maybe another positive wave will start in Summer or in Autumn. You can either hold on until then or leave.

There were so many companies "too big to fail" in history.

The Romans thought the empire was too big to fall, The Nazis also thought they could conquer the world

I agree that Bitcoin is here to stay but saying it's too big to fall is too much. Crypto is still very small. Smaller than Amazon or Microsoft.