Just want to share the details about the people who ever thinks that why we need to use just paper as currency and we all are working hard to get those paper.People claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.
Well, firstly, banknotes, this is no longer paper. There are already many different additives that increase their lifespan. Secondly, you apparently do not even understand the basics of financial relations in society if you declare that paper money is a fraud. Better check yourself with the history of the money. The current banknotes are the result of human development over the last two millennia, when leather money first appeared in 118 BC. |
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Paper money is not a fraud. This is a good and generally convenient form of financial relations in society. In order for us not to have a medieval form of barter relations, humanity needs a measure of value and its equivalent. Such equivalent is paper money. They are issued by states for the amount of material resources available in the state. Of course, as elsewhere, not without abuses and corruption. However, to say that paper money in general - cheating, that's stupid.
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It would be foolish to assume that the cryptocurrency will grow in value, giving up to 10,000 percent of profits every year. We live in the material world, where nothing just falls from the sky. Therefore, such a rebound in the price predicted, on the contrary, it indicates the survivability of cryptocurrency. If the cryptocurrency would continue to grow in value, I would say that its total collapse would be inevitable. Therefore, such a fall in prices for cryptocurrency is generally good.
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I think in the current conditions of the prevailing panic in crypto markets, cryptocurrency holdings are not the right decision. It is best to withdraw crypto assets into fiat money urgently and wait for the situation to stabilize. At the same time, it will be possible to buy crypto tokens at significantly reduced prices.
Now there has been a general fall in the price of cryptocurrency by 80-99 percent. I do not think that this is the best time to sell my coins and tokens, withdraw funds to fiat and expect market stabilization. This can work if you constantly monitor the market, and Bitcoin and another cryptocurrency may fall for some time. However, this requires too much time and effort. It will be much better for me to keep my coins and tokens to acceptable prices, even if such a decline continues for a very long time, but for now earn tokens, or buy promising ones at these low prices. |
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I see that the cryptocurrency continues to fall in price very quickly. A few hours ago, the price of ethereum was, according to CoinMarketCap, 139 dollars, and now the price is already 132 dollars. Also, Bitcoin continues to fall significantly, and after it the rest of the cryptocurrency. And we cannot yet tell where the price bottom will be now. It looks like there will be another wave of panic and the stagnation of the market will last for a long time.
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Is the XRP really better than ETH ?? can be seen now ETH descends to TOP 3 sites https://coinmarketcap.com and XRP goes up to TOP 2. how do you think it is true XRP is better than ETH And the ripple is better than ethereum? The level of capitalization does not mean anything. Moreover, these coins are not so different from each other in terms of capitalization. Let's compare then their prices. Ripple is now trading somewhere around half a dollar, while even at current prices, ethereum is three hundred times higher than ripple in price. In terms of functions, popularity, demand ethereum everywhere ahead. The time will come and ethereum will regain its second place in terms of capitalization, as it has done more than once. |
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I know that there are many kinds of alternative coins existing today, but is it better to have that many coins instead of having just a few? What are the benefits and harm in having that many alternative coins?
It's not about the number of coins, but about their quality. There is a law of transition from quantity to quality. Despite numerous cases of fraud among ICO teams and the emergence of many useless tokens, this is still the most effective way to develop cryptocurrency. The market itself will filter out useless coins and tokens and leave only promising and in demand. So let everything go on as usual. A lot of coins and tokens do not exist. They will work mainly in their narrow niches in our diverse activities and improve our quality of life. |
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check out the, volume and MACD trends.Volume is dipping very very rapidly .....its over guys... get out while you can ....  you said " Bitcoin is about to collapse this week". How about now? No collapse. nothing special happen. please do not post something like this if you don't have the clearest clue. thanks.  Although the fall in the price of Bitcoin occurred after three weeks, and not after a week, as predicted, however, it can still be considered justified. The most reasonable explanation of the current situation on the market is the intentional activity of the whales in order to squeeze the mentally unstable and doubting cryptocurrency of their holders out of the market. If this is so, then after a certain time we will be able to observe a very good growth of the cryptocurrency market. |
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As we witnessed a bearish year which lasted longer than the prediction and some people was it was the bad year for crypto but i feel it was a the year of correction as the value of crypto were overachieved at the end of 2017. Hence we are having a correction period to what the real value should had been? Kindly share your opinion.
Bitcoin pumped too much in price by December last year. Such a sharp increase in the price of Bitcoin will always entail a correction of its price, and the more significant its growth is, the deeper and longer its correction will be. Of course, who was ready to use this situation with a significant increase in the cryptocurrency market, he received a huge profit. Who bought bitcoin at the end of its growth, he has suffered significant losses so far. The current decrease in the price of Bitcoin will have a very negative impact on the cryptocurrency market, apparently, the bear market will again be delayed, since many holders of cryptocurrency will again leave this market. |
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Well i say yes! Currently there are so many projects with similar goals and visions and some of them even don't have the needed capacity and resources to see to the success of the project but yet still competes with the capable funds when funds are being raised. This has also increased the number of scam projects in the cryptospace and this is really tarnishing the image of crypto investment. Let's not forget that if men were angels there would be no need for laws. I am not talking of a Centralized Regulating Body but we can use the concept of masternodes and run a decentralized ICO regulating body. Let's explore all the possible ways of how we can actually curb this menace in the cryptospace.
Now we need government regulation of ICO projects in order to streamline this activity at least a little. Now the ICO teams have let loose so much that they no longer feel any rules for themselves and therefore, in terms of joining their campaigns of generosity, they write that they can change any rules at any time. This should not be. Government regulations should establish clear rules for all ICO members and at the same time identify each member of the ICO team and take other measures to avoid incidents of fraud. To interfere in the feasibility of an ICO state should not. |
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So far, one of the biggest obstacles to obtaining the generosity of the ICO is the previously unspecified announcement of conducting a KYC audit against bounty hunters after the completion of the ICO. At this time, the ICO teams can safely mock the bounty hunters so that they do not pass their KYC checks and, thus, do not pay the earned tokens and assign them to themselves.
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Yes, now all the new tokens, which first appear on the stock exchange, are falling in price. However, in the future, when the market starts to recover, this token will also increase in price if the project is promising. It all depends on the project. Therefore, I do not see a particular problem if the price of a new token temporarily falls during a general market decline.
However, if the ICO team does not want its token to fall in value, it can block the movement of its tokens in our wallets for a certain time. However, we will see that the tokens are already in us and the team is not deceiving us. Then together we will expect the rise of the cryptocurrency market.
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If bitcoin had dropped in price to one thousand dollars, it would not have been the end of it all the same. Of course, the fall of Bitcoin per day in a thousand dollars is unpleasant to see, but what can you do, this is the nature of decentralized cryptocurrency. We have repeatedly seen that Bitcoin can drop sharply in price, and then also rise sharply.
Despite this decline, we still expect a rise in the cryptocurrency market at the end of the year.
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No decentralized cryptocurrency, including ethereum, can be stable in its price, since their price is formed solely on the relationship between supply and demand, and they will not be constant when they are. Decentralized cryptocurrency only for a short time can be constant in price, but this happens more as an exception.
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I go on coin market cap everyday but this time when i look i see a significant drop in crypto! what happened?
The major causes of this sharp drop on coinmarketcap is as a result of panic sellers who have no believe on Bitcoin and in general cryptocurrency. Bitcoin price has drop below it normal support zone which is unimaginable at this time were things have fall apart. Hope that the price recover soon and panic sellers never sell to worsting the market current price Yes, now there is a sharp decline in the rate of cryptocurrency. Bitcoin is in the price of around $ 5,600, and its capitalization has dropped to $ 98 billion. Ethereum fell in price to 179 dollars. This is a low decline in price and on the news I did not find anything to explain the reason for such a sharp drop. And this is in the middle of November, when we expect the traditional rise of the cryptocurrency market. |
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There are so many scam projects going on. people are now afraid of joining ico.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.
2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.
3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.
4. there are hundreds of projects in each stock exchange. Someone stop them.
ICO as an activity is very useful for improving cryptocurrency. However, due to the fact that during the ICO you can collect a lot of money, this activity attracts a lot of scammers. Therefore, it needs to be regulated by state authorities in order to remove fraudsters and protect both the rights of investors and the rights of participants in the ICO generosity campaign. Recently, very tense relations have developed between the ICO teams and bounty hunters because ICO teams are trying to deceive bounty hunters, not only forcing us to illegally pass the KYC test, but also to pass it after the end of the ICO only in order to non-pay token . |
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What do you think is possible in the near future to merge projects? Creating a single coin. I think that there are too many projects. Many of them simply do not survive. Can projects unify efforts?
No, the creation of a single cryptocurrency is impossible, as is the creation of a single ordinary currency. Cryptocurrency can not combine in itself absolutely all functions. This is unreal. In addition, different developers differently see the use of different technical solutions and capabilities. They never they do not come to a consensus, and it is not necessary. Only in a variety of technical solutions is it possible to develop cryptocurrency. |
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According to the newest research EOS is the most promising cryptocurrency for today. Do you agree with it, or you think it is a mistake?
And these studies were conducted in China? So far, only in China, EOS is recognized as the best coin, slowly dropping Bitcoin according to its rating down and now Bitcoin has dropped to 19th place among them. While it’s too early to say anything about an EOS coin, it must first establish itself well, show technical stability in operation and gain considerable popularity. While this is not, in this coin there are many of their vulnerabilities. |
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The ICO teams are now applying to bounty hunters a new form of fraud, with which something needs to be done - this is an unspecified earlier test of KYC after the end of the ICO.
As a lawyer, I can say that the conditions for joining the ICO generosity campaign are in fact one of the types of contracts with so-called implicit, that is, silent actions. The fact that we further fill out their form of accession means that we have agreed to their terms of the contract.
In any contract there are so-called essential terms of the contract, which must always be specified. If at least one of them is not specified, the agreement on the decision of the court may be invalidated. The contract price, that is, the amount payable to bounty hunters, is one of the essential conditions of the contract and must be clearly stated. If it can change, it should be indicated in what cases and by how much. Otherwise, such a contract will be invalid. If in the terms of accession it is only generally indicated that any conditions may be changed, then such a piece of paper cannot be recognized as a contract and will in any case be illegal.
If the contract is made and executed, one of the parties is not entitled to declare additional substantial payment terms that were not previously agreed
In this case, this should be considered an ordinary fraud, and the ICO team should bear the material, and in the case of the intention of such actions, the criminal liability for fraud, that is, the seizure of another's property by deception or abuse of trust.
What do you think we need to do in this case with such fraud?
I maybe the disagree too, for the imposition of KYC. KYC we know that its a method to detect some accounts but it gives a burden to bounty participants since they are helping the project to succeed. Fraud is happening now in bounties because of using somebody else identity because of this KYC, i hope managers could understand this. The KYC check was never intended to prevent the use of multiple accounts by bounty hunters. It is conducted primarily to prevent cases of money laundering and other uses of money with an illegal purpose. In parallel, this check is carried out to prevent participation of citizens of the United States and China at the request of the governments of these countries in the projects of ICO as investors. KYC checks should not be carried out for bounty hunters, as they are not investors in ICO projects. Carrying out such a KYC check on bounty hunters is the arbitrariness of the ICO teams. If such a KYC check is carried out without prior announcement after the end of the ICO, this is a direct fraud of the ICO teams. No excuses for such actions are logical or legitimate. |
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I believe that those of us involved in the field of cryptocurrencies should feel compelled to act in accordance with our ideals and therefore, we should prioritize the accumulation of bitcoins before the accumulation of dollars.
We must always keep in mind that one of the reasons that led to the emergence of cryptocurrencies is the search for alternatives to fiat money, therefore there would be no reason for us to exchange our valuable cryptos for centralized money.
There can be no universal advice on how to deal with everyone in one way or another with cryptocurrency. Not everyone can just buy bitcoins and hold them. And what will it lead to? Bitcoin will once again rise in price, after which the market will stagnate again for several years? Not such methods need to increase the value of Bitcoin. It is necessary to increase its functionality, speed up the legalization of cryptocurrency by the states, to develop the infrastructure so that Bitcoin can be used more as a means of payment. Only this will increase the popularity and demand for Bitcoin. |
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