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The main idea of bitcoin was to make an ordinary person financially independent of state structures and banks. Transactions in Bitcoin are conducted at any convenient time without any third parties and regardless of the existing borders of different states. Therefore, bitcoin should be used primarily as a means of payment, as virtual money. Using it primarily as a means of accumulating value contradicts the main goal of bitcoin.
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If someone lives in a virtual world, then, probably, central banks are no longer needed. Since I still live in this rough physical world, where there still exist paper national money, the rate of which is supported by central banks and where central banks provide a unified monetary policy for the state, I still need central banks.
Some already write that we and the state do not need. Only how they are going to live in such an anarchic world where the right of the strong will reign, you can not hide from the armed gang in the virtual world.
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Projects ICO are different, including now a lot of fraudulent projects. Therefore, you just need to carefully select such projects before joining. Of course, you can not avoid any unsuccessful or even fraudulent ICO projects in general, so if this happens from time to time, you should treat this philosophically as inevitability. Vseravno we still earn well, participating in the companies of generosity ICO.
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There are Bitcoin, and also there are Bitcoin Cash and Bitcoin Gold and B2X that we use it as an altcoin, but do we still need other altcoins? as i knew in the forum on the altcoin section there are much announcement about new altcoins almost everyday. do we still need that altcoins?
It should be taken into account that tokens are used in different specific areas of our lives and have a wide variety of functions. Therefore, they can be very much, they do not conflict from universal coins and do not interfere with anyone. At the same time, they are very useful, because they really make our life easier and make it much more comfortable. Therefore, the diversity of altcoyins is very important for us. Who believes that this is not so, let him use only bitcoins. |
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The volatility of bitcoin, like the entire decentralized crypto currency, is very high. Such is its nature. This happens because the price of the crypto currency is formed only on the basis of the ratio of demand and supply, and they are never constant. Moreover, I think that if bitcoin rises in price, then its volatility will also increase. We could see this by example of raising bitcoin to $ 20,000 in December and further dropping to $ 6,000. Such a big fall was for the first time precisely because of the fact that bitcoin has increased the amplitude of possible price fluctuations.
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An interesting point of view. To consider that the decentralized crypto currency is more monitored from the financial point of view by the state than cash. It can not be like this. The main reason why different countries do not want to legalize the crypto currency is precisely the impossibility of controlling cash flows, including controlling the financial side of their citizens' activities.
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The transparent nature of the cryptocurrency industry is one of the Paramount reasons why politicians are kicking hard from all angles against it.Well,I am glad that despite all these agialtations,the industry moves on .One day full potentials will be established. Share your views.
It is unlikely that politicians are afraid that the crypto currency will stop corruption. Mankind has been struggling with corruption for thousands of years and this struggle has so far proved useless. It will not be a panacea in the fight against corruption and decentralized crypto currency. Moreover, it is not applied in many spheres so far and so far there is nothing to be afraid of corrupt officials. The main reason why states, including politicians do not want to legalize the decentralized crypto currency, is that they will not be able to track down the financial side of their citizens' activities. |
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The older generation lives by its established stereotypes. It is difficult for them to understand the crypto currency, this is not their time. Crypto currency is easily gaining popularity among young people, they will continue to promote it and work with it. Therefore, the older generation buys gold and silver, and young people buy bitcoins and other crypto currency.
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This is quite good information, especially in the conditions of the general fall of the crypto-currency market. This degree of trust in ICO projects first of all indicates the degree of general trust in the crypto currency and the fact that the crypto currency has a good future. The activities of the ICO as a whole are very useful, despite so many fraudulent projects among them.
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I've heard many of my companions say the bitcoin is the greatest invention in the decade.. But I wonder why every country don't accept this as a legal currency in their general transactions?
Crypto currency as an invention in the financial sector of the economy is more interesting for ordinary people. Decentralized types of crypto-currency for state structures and, in general, the state as a whole, it does not matter much. Moreover, decentralized crypto currency is simply not profitable for the state, since it does not allow monitoring the movement of cash flows in the crypto currency. In addition, decentralized crypto currency has such a large volatility that it is even problematic to use as a kind of money. It can only be used along with national paper money. |
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Here in my country which is now an upcoming tiger economy (though we are still classified as a third-world country), we are free to participate in Bitcoin both buying and selling as the government is treating Bitcoin just like any other foreiign money.
However, I am sure that only a very, very small fraction of us are declaring our Bitcoin income. It seems to me that the government is not that interested to get strict with individuals as long as they can tax the Bitcoin exchange provider for the service rendered.
I am then wondering the situation with other countries. Can your government really be able to track if you never declared gains made from Bitcoin transactions?
If the government has established a tax on income from activities in the crypto currency, it will unambiguously track them. Just now there are still other problems with the crypto currency. In addition, most states have not yet fully studied and have not fully determined the crypto currency, including on the methods of monitoring the collection of taxes from its use. In the future such control will be strengthened and if the government sees that people do not pay taxes, then various prohibitions and restrictions can be introduced, up to the complete prohibition of decentralized crypto currency. |
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As a digital payment system virtual currency has its own reputation. Bitcoin raised as strong virtual currency in 2010. Today’s global currency is developed in different way and comparing with others currency bitcoin is like more valuable than gold. Good reflection and better control system can make more valuable in economic sector. now by the help of bitcoin selling and buying system is easier than other transection. At age of technology we can collect or hire so many proficient worker for the purpose of different sector’s development and then we can provide their salary through bitcoins because of its popularity.
On above this conversation we don’t need to worry about future of virtual currency or bitcoins.
The common future of virtual crypto currency is unequivocally. However, bitcoin itself does not endure its best times. For the time being, it functionally lagged behind many kinds of crypto currency. There are still questions about the time of his transactions and their commission value. If a year or two ago this could well suit most users, today the situation has changed. Many new types of crypto currency have almost instant transactions and have practically no commission fees. If bitcoin does not equal them, it will become obsolete and people will gradually switch to using other types of crypto currency. |
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As far as i know bitcoin has a high volatility given the fact that it is in demand in the market but i did not expect hat it is so high that it can really go from 1-100 and 100-0.
I want your insights about this volatility of bitcoin.
Yes, we clearly saw the volatility of bitcoin when bitcoin, even without forecasts, rose sharply in December last year to $ 20,000, and then fell to $ 6,000. Many of this has come as a real shock, especially for those who bought bitcoin for more than 12,000-15,000 dollars. States in this behavior of bitcoin saw the manifestation of the financial bubble and so many of them began recommending their citizens to refrain from investing in bitcoin. In addition, this fact was one of the reasons why the legalization of bitcoin and other crypto currency began to drag out. |
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Icos look for bounty hunters to promote their project through the power of social media.Sometimes, some of these hunters also double as ico investors. But it looks like bounty hunters understand ICOs project and are able to determine very good projects before they invest because of their experiences in different projects.
Of course, so it is. Bounty hunters in general are very well versed in the prospects of ICO projects and sometimes they simultaneously become investors of such projects. There is nothing surprising. If we carefully study various ICO projects, then some tokens want to get more than the opportunities that provide us with participation as bounty hunters. |
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I am familiar with people who also participate in generosity companies. Some of them do not rush to sell received Tokines, others on the contrary, immediately after the issue of tokens the exchange is sold. My friend advised me to send them to EtherDelta. When receiving tokens, place orders for the sale of x2 - x10 (depending on the project) and just wait until they are purchased.
What do you do with the received tokens?
This year, for the time being, I see no reason to actively trade in the crypto currency on market as a result of participation in the ICO signature campaign with free tokens. Since the market has fallen since the beginning of the year and continues to lie, the new tokens as soon as they appear on the stock exchange immediately begin to fall. That's why I'm not even trying to sell my tokens yet. While they are accumulating and waiting for their time. I am basically confident in the prospects of my tokens and therefore, I think, after a while they will please me with their price. For now, you need to calmly wait for this time. |
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This year, while for the crypto currency and its holders turned out to be very bad, the crypto-currency market is in constant depression, coins lie on the price day. However, this can not continue for too long. I'm sure that soon everything will change, for the better. However, it seems that the active growth of the crypto currency market will occur already around September. There will not be a fall as such, we are constantly with our coins on the price day this year. While we still have to expect a good recovery of the market, it will come soon.
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Decentralized crypto currency can not be stable in nature. They have no controls, no one is supported in the price and is not provided with anything, and their price is formed only on the basis of the ratio of supply and demand, and they are never permanent. Among the crypto currency, only Tether is stable, since it is in fact a digital counterpart of the dollar.
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i dont know why india is not legalizing the cryptocurrency ?
Recently representatives of the government of India have directly stated that they are not going to prohibit the country's crypto currency. The Supreme Court of India continues to consider complaints against the Circular of the Reserve Bank on restricting the work of subordinated banks in the crypto-currency, on September 11, a final decision must be made. The reasons why in India the crypto currency has not been legalized so far, the banks have announced more than once. They believe that bitcoin is too risky for investments and therefore recommended that its citizens refrain from investing in crypto currency. |
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If bitcoin continues to be used primarily as a speculative means of accumulating value, of course, it will never become a global currency for making various transactions. While bitcoin is very weakly fulfills the function of money. If nothing significant happens, then bitcoin in the function of money will bypass more promising coins with fast and almost free transactions.
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Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining
And what can the KYC test give to the member of the ICO generosity campaign? Such an uncommitted check can only take away our confidential information from us, and since at least half of the ICO projects are fraudulent, then our information can be subsequently used by other persons with an illegal purpose. Conducting such an audit for the participants of the ICO generosity campaign is illegal, since it can only be conducted against investors who invest their funds in these projects. |
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