Banks in Germany started to allow people to buy and sell cryptocurrencies this January 2020. I think other countries will do the same soon, Japan might be another country with such services. In the beginning, someone has to start something so others can follow suit.
What are the other countries where anyone legally can buy/sell cryptos at commercial centralized banks?
buying and selling bitcoin and other crypto currency is not a problem in my country. You can buy and sell directly using your atm card, not only that there are many other option for buying in my country even using remitances. I hope it will also work with other country since it all working to us. where do you live? It seems like your country is very friendly to cryptocurrency, in my country cryptocurrency is still difficult to be used as a means of payment, but to be an asset the crypto currency is already registered with the government  Guess that's here in the Philippines. The government is fine with bitcoin and most cryptocurrencies to operate. It's just that we've been recently hit by a scam by on of our fellows which could possibly tarnish it's reputation to the general public. But as what I have mentioned, our government is fine with it. It's easily accesible on ours and some banks that are in the country partnered with bitcoin to manage your funds easier and faster than ever. But if it's not Philippines then I would guess it's a country in the southeast asia. Regulations are surprisingly high in our region. |
|
|
|
There will always be someone ready to play fomo3d again for sure. The feeling of greed mixed with the non ability to understand how it works makes a lot of people pour in money early. I was tempted for sure when it first came out but luckily never did.
That said,,, I hope you at least make it clear it is a gambling game of pure ponzi;)
Yeah, ItMs purely chance and risk. All for a high prize at stake, and personally I don't like FOMO3D. Though as you have mentioned, there'll be those people confident or crazy enough to gamble on FOMO. Just hoping that if he ever does make a clone of it. Advise everyone that would like to join so they can at least be aware of the huge amounts of risks they can encounter while playing this game. That way nobody will be baited and everyone who bets are sure. |
|
|
|
A training with demo account to get a first experience on how trading works would be really good. Try to find a real time demo trading platform and try to apply different strategies and see which one that would work for you. Then when you start, do so with a small amount, there’s nothing wrong with starting small and getting little profit.
As time goes on and you’re getting perfect with the business you can then be increasing the amount you put in for the trade. And do your best not to trade with emotion or it’s going to ruin everything.
In cryptocurrency, there is no demo platform for the beginners, I hope in Forex trading, there is a demo version for the beginners but it is completely different from the cryptocurrency. But we can implement all our experience which we learned in Forex, trading is completely different even an experienced person will face some difficult situations. What you can do at the very least for the lack of demo accounts on cryptocurrencies is to create a dummy account thrown in with a few cryptos so you can just test the waters. That way, you wouldn't lose everything all at once and you'll gain some valuable insights on how to invest in crypto without breaking the bank Have done that when i first started in cryptocurrency trading, gave me valuable information on how to strategize my investments to gain the most profits while losing money as seldom as possible. |
|
|
|
The gambling site should not be held accountable for the loss of a player, when a player first enter that kind of platform he should know in the first place what are the risk in playing gambling games.
Though keeping gambling sites from having a self-control functionality or alert will be better for them in the long run. Since this allows the customer/player to still go home with money on his pocket to multiply. Giving that person enough encouragement to try his luck once again in gambling, from there, it all depends on whther the player wins or loses. Gambling is high risk, high reward, Never gamble the money you can't afford to loss cause that's when you tend to get emotional in wanting to take it back.
It won't stop their customers from coming back since the money lost will drive them back into gambling to win back their losses. It's just ensuring that these people that are patronizing their services still have something to eat every day. |
|
|
|
Between the question of electricity consumption, the pollution produced by mining and many other things.
What if that would ultimately turn to the benefits of cryptocurrencies?
There is no way that things would turn into something beneficial. What could we do with pollution and high electricity consumption? nothing but to deal with it, we just need to find alternatives in utilizing them. Let us be practical here, as mining become more expensive we are just like doing it in the name of pride of cryptocurrencies and we get less and lesser every time. polution cant only be found on those mining activities that you mentioned ( coal , gold , oil , etc . mining ) but polution can be on any forms like sound/noise , heat , etc . arent you aware of big crypto mining companies ? you can see them on the web or on here the forum . lots of crypto mining ( cpu / hardwares ) are being run all together . you dont think this does not release negative energies or polutions ? i believe they are .
Bitcoin mining can have some negative effects on our environment. I once read a journalist's article on The Guardian, and he claimed that the effects ofBitcoin in our environment is similar to oil and has the possibility of being even bigger than oil, and it’s probably going to haunt it, and everyone that’s into it will be seen as the enemies of environmental movement. I don’t know about this for sure, there are few journalists that have said the claims are not really as serious as others says it is. Bitcoin will going to haunt these oil companies as oil is non-renewable and most of companies today are preferring digital assets than oil. Dollar for example, we have seen dollar degrading its universal value making Yuan stronger than it. But the problem with crypto is the mining process wherein lots of E-waste are produced due to energy consumption. Negative things with crypto now are not yet that felt but I'm pretty sure we will be able to feel that in span of 3 to 5 years. |
|
|
|
successful trading is about managing risk minimising it as possible as we can , i have read that with correct risk management even with flipping a coin we can do trading and be profitable
i want to know what methods/rules are there to minimise risks
When we do talk about minimizing risk then there would be lots on the list. 1. Never be greedy 6. Dont be emotional. These are only the basics but actually a hard thing to be done. Things like this are given and actually are basic stuffs to remember when managing the risk. Just want to point out the Greediness, I mean it isn't the worst thing to contain when trading coz it can give you more than you wanted if handled properly in trading. Emotion, we've always talk about this one for the past years in trading on which everyone has to avoid including it with the present possession while trading coz it might lead to such emotion based decision. 4. Set stop loss
This is the topmost and a must priority on minimizing the risk in trading. Set your ending, always have the finish line in every situation where you will stop winning or losing neither of the two. As a matter of fact setting a stop loss is really helpful especially when you don't have much spare in trading. |
|
|
|
not all investments end well friends, even if someone makes an investment he could end up bankrupt, someone must know what the potential is in this world now, many people get money from the internet But as far as I know they are pertaining to the inequality of wealth in the case of fiat. Which is indeed what's going on right now. The rich gets richer, the poor gets stuck in poverty. This happens because those few people knew how to get around with fiat and it's also basically because of pyramiding. This happens oftentimes in the corporate scene. In the case of bitcoin, this could still happen. The few whales are still generally richer than most of us here. But one thing they couldn't do that fiat can is control the price. Which I believe is much more desirable for the common joe as it allows them to make the most out of the coins they have right now. Unlike in fiat where they can control the price and basically make everyone poorer than they are if they want. |
|
|
|
It will still benefit those gamblers who are abusing their credit cards for gambling but they will surely still find another mode of the transaction just to pursue playing.
But at the very least, UK government imposing a regulation on using credit cards for gambling will still help them in the long run. Most gamblers, including cryptocurrency gamblers, lose money all the time. They try to make up for their losses by buying more coins to hope for a shot at winning. Which most of the time, as we all know, ends up in vain because of how the gambling industry works. As long as crypto gambling is legal in their country, no one could stop players to gamble because there are still alternative ways except for credit cards.
Now with imposing this ban on credit cards for gambling, this ensures that whatever happens, even if these people make up for their losses by betting again. They wouldn't be in debt with the bank they are in. Further giving them the chances to not be homeless someday. I think despite the negative remarks it receives, it still a good move in UK's end. It shows that they care for their people and wouldn't want them to be in debt. |
|
|
|
Of course I used cryptocurrency in my daily life it's been 4years since I start to use it. And I should say that cryptocurrency is useful especially that our generation in more high-tech and some is using digital technology to make our daily life easy. This time cryptocurrency is useful because some are adopting the crypto to their platforms to make easy to their user/customers.
Most uses cryptocurrencies find nkwadays are either for gambling, investment or for profit. It doesnmt really see success in commerce which is what it's supposed to be used for in the first place. I believe that most of us here have been interested with cryotocurrencies because of its profitability. Even I is not exempted. It's not a bad thing after all. It would just be much nicer if you could also use cryptocurrencies as rampant as investing on it. |
|
|
|
we have many betting websites which can operate similar like that.
When you say this, how are they operating similar to a Fantasy sports website? I know there's several websites like Fanduel which accept cryptocurrencies, but are limited in a number of options. It appears that several fantasy sports websites are also only accepting users from certain countries, or they are offering a "fantasy league" type system where you predict the scores over the season. Although, that's not exactly what I'm looking for. I think that could be part of it, but I'm looking specifically for drafting a team up, and chopping, and changing those as I please through the season while gaining points based on real word performances of the players selected. Precisely, there is nithing like fantasy games. I mean, in my years of betting I haven't seen anything as innovative as it is. Though it catches controversy every now and then. But I believe fantasy sports are much more different from your typical betting sites since they needed strategy and critical thinking to profit. Unlike gamblings that could pay you off by just being lucky. |
|
|
|
Just an advise manager cause you have the final say but ever since I'm on this forum no campaign manager has ever accepted an account that is inactive for more than 7days, 4weeks which shows they only contribute to the forum because of the signature campaigns not to even mention not having the require 5merit. This is injustice to the genuine user of this forum.
Henmarkperfect999stepwilliEmitdamastarkovblueShallowSirLancelotfunchiestzThanks for pointing these, these users are removed from the campaign. I will fill these spots next week. I just want to bump my application. |
|
|
|
The thing about the Corona Virus is its location, China. Did you know that it is spreading in other countries through immigrants from China? Some countries should ban their country from Chinese immigrants. Not being a racist but it is the safe way for the people to become isolated from the novel corona virus. Some countries are being quarantined just because Chinese people are still continuing to enter in some part of the countries. Although Chinese people are a good contributor for the economic state of the cryptocurrency, because they have a massive number of population who uses bitcoin in the markets. This is starting
to affect certain supply chains. We cannot underestimate the damage
this can do to global trade, not to mention human life.
Regarding the damages, human lives are also a factor because people are the one who work hard in exchanges, mining, transactions, holding, and etc. Many people will become scared because of the virus that can easily transmitted through direct and indirect contact. The spreading of the disease are fast enough so that many countries are being alerted and doing precautions for them to keep themselves away from the virus. Many transactions will be postponed because of the possible effects of the virus to the people around the world. Indeed. When this epidemic reaches global scale, there's no knowing what'll happen not only to cryptocurrencies as a whole but to us humans in general. The destruction and the panic this may ensue is something that could really wipe us off the face of Earth. So I'm hoping that there will be a cure for this illness. |
|
|
|
In the classical sense, banking will change now. However, I do not think that the banks will disappear in an instant, because banks with such a large amount of money will find new ways. I think banks will transform into a new economy.
Well, an institution who have been in existence of hundreds of years now won't simply disappear or become obsolete. Banks as we know it learn to evolved as well, now we have on-line banking (obviously, you don't get to go to a physical bank to transact). and now they have somewhat a new competitor which its crypto, but then again I doubt that they will simply step aside, they will learn how to play with this so called crypto and learn to adopt, simply as that. I believe what he meant is banking being revolutionized to the point that it no longer resembles it past self. This could mean that banks are already incorporating technologies only known from bitcoin and cryptocurrencies. Which is really good in itself. Imagine banking running on blockchain technology. You can transact, get money, send, and withdraw everywhere, long as you have internet. |
|
|
|
Bitcoin has always been the leading currency on the market irrespective of how much a coin may surge. Bitcoin was able to capitalize the market during its early stages before the creation of other coins hence it has got lot of user-base and its community is also strong and supportive which is one of the main factors required for the survival of a coin on the market.
Indeed, even with the drastic changes and events happened in the market Bitcoin still emerged as a high value asset that has gained the trust of many users, investors and traders. I believe, the potential of Bitcoin to survive the market is huge and will always lead as the best currency in the future. It will remain as investing tool as long as it has no real usage. I can't buy anything with it "irl" - in 7/11 or something similar to it. If it will have its usability - bitcoin will be unstoppable then You can literally buy anything using bitcoin online, lot of online shopping website is accepting bitcoin, and majority of country are accepting bitcoin or it is legal on them. If you think that bitcoin has no usability, I think you are just new to bitcoin, read more and you will realize that bitcoin has a lot of usability, it's not just an investing tool. Most people see bitcoin as a mere way to get rich apparently. Not knowing what is the real reason it was created in the first place. As of now, more and more establishments, businesses, and entities adopt payment through bitcoins. Which despite the high charges to compensate for bitcoin's volatility, is still a good step towards becoming a bonafide currency that everyone can use. So do your research, you should be able to see it. |
|
|
|
INTERNATIONAL FALLS, Minn. ― U.S. Customs and Border Protection (CBP) officers at the International Falls Port of Entry seized $900,000 in counterfeit United States currency Friday that was discovered in a commercial rail shipment originating from China. “CBP officers strive every day to protect the United States from a variety of threats,” said Jason Schmelz, Pembina Area Port Director. “Those threats don’t always come in the form of terrorists or narcotics, but also in the form of counterfeit currency and other goods that have the potential to harm the economy of the United States. Thanks to the dedication of our officers and our partnership with the Secret Service, we were able to keep this currency from entering into circulation.” Due to the vigilance of CBP officers, a rail container was referred for a Customs Exam Station inspection on Dec. 14, 2019. During the examination, CBP discovered 45 cartons of possible counterfeit currency in the form of $1 bills with a total face value of $900,000. The United States Secret Service was contacted determined the currency is counterfeit. The counterfeit currency was seized and will be turned over to the Secret Service. Stopping the flow of illicit goods is a priority trade issue for CBP. The importation of counterfeit merchandise ― including counterfeit currency ― can damage the U.S. economy. https://www.cbp.gov/newsroom/local-media-release/cbp-officers-seize-900k-worth-counterfeit-us-currency .... $900,000 in counterfeit US dollars seized on a rail container with its place of origin being china. Have to expect a few conspiracy theories designed to explain this. Could this represent an example of china waging trade war on the united states. Or perhaps it is completely coincidental a standard practice which had been ongoing for years until it was randomly exposed this week. It could purely just be coincidence. As we all know China is the main guy for making counterfeit, bootlegged.m, and fake goods. Heck, allegedly they even made fake rice out of plastic. So it's not really that surpirising. What's baffling is how silent their government is about these issues. Kind of skepticsl whether they are letting them do this because they gave up stopping people or they are supporting this cause. Either way it's good that these are intercepted. |
|
|
|
The number of users can be a sign to know that the gambling site is a scam or not because if one gambling site has big numbers of the user, that means their site is trusty, and it is safe to play in their site. They will make their website to become the best of gambling site so that the gambling site can compete with the other gambling website. But if they cannot manage their website with the right, they lose the number of users, and it can turn to become scam in the long term.
Fully agrees that one of the main indicators of the casino rating is the real number of visitors, which depends on many factors, the main of which is the honesty of the casino. If a person is dissatisfied with a gambling playground, he simply will not return to it, and if he liked the service and bonuses, he will return to such a gambling playground. This too can be tweaked, they can put in bots to make the illusion that the site is well populated, luring in people to bet but ultimately lose in the end. One thing you might want to consider when checking if a gambling site is real or is a scam would be its prize at stake. If you think the prize is too good to be true (e.g.) Lamborghini Huracan,etc.) then you might be right. |
|
|
|
I also got NRG from airdrop but only after I passed the KYC. I took me some time to sync the wallet but I did receive 2.28 NRG after synching. Thought that was fast and decided to stake again. With that rate, I think staking NRG is a good activity knowing that it is doing good in the market and with high coin value than other news coins.
Almost everyone's talking about how NRG is good right now. So I tried to join the wave. I saw that they have a particularly high value for their tokens compared to most tokens nowadays. And it's easy to get into them, with the KYC part being the only process you would really need to put some effort on. I might keep this coin and hodl it just to see what'll happen. |
|
|
|
I am glad you stuck with it, when I nearly lost everything in 2018 that I had worked for in 2105-2018, I felt very sad and discouraged, but because I really believe in the decentralization movement and the power to create your destiny in a more creative economic setting, I stuck with it and am slowly crawling away from ground zero again. I also take my salary now in Bitcoin and when I get time, I trade as well. I think this year might be a better year from the last two I had. I nearly lost all my shirts as they say, but I won't give up either. Thank you for your encouraging post, good for others to see and take note.
These are some inspiring stories to hear. Really happy that you guys stuck in the ride and continued pursuing bitcoin despite the negativities that you have experienced. This is the best thing about setting up proper expectations when you're promoting or recommending bitcoin to people. If you haven't been in the impression that bitcoin's not a get-rich scheme there's no telling where we'll be at right now. |
|
|
|
Yes because at some point we will have to face the fact that the environment is changing and some kind of action has to be taken for the sake of our health and our children.
Without a healthy environment we wouldn't be able to make the most out of the cryptocurrencies we have right now. Imagine a Fallout-like scenario where they use bottle caps as modes of payment. That could be our inevitable fate come the day that our planet give up on us. Everything we have invested for will be for naught and the worst is it's our children and grandchildren who will suffer from an unbearable environment. So I don't mind throwing in a few of my cryptos to fund movements that promote the environment's welfare. |
|
|
|
|
Show Posts
