It's quite dangerous for a centralized exchange to monopolize crypto, from owning bandges to bullets; they want everything to come in contact with their ecosystem before crypto's actually see true success. But, Binance's recent movements is having the inverse effect, they are becoming a truly a dangerous threat to crypto entirely, this is in my opinion and sentiments.
Imagine Binance dictating which cryptos see success and which others fail, that's the direction we're headed in, or how they want us to perceive what Binance actually means. They've done a lot of good for crypto as a whole since they were founded, but CZ is trying to expand and monopolize everything, for: power, money and what's probably most important to him, his fame.
I suggest the community start being critical about these power-house exchanges, especially Bianance since they are the largest by a mile (discounting all fake-exchanges). IEOs are a small indicator towards the centralization of power, giving the big guys the authority to dictate which coins you should be investing in. Crypto was not founded by someone telling you which coins you should invest or not invest in, it's always been a cycle of growth and maturing.
There are ultimately many repercussions that will be seen, for what's occurring right now. They will not been seen in the short-term, but will have lasting implications for crypto as a whole.
Binance is beginning to look a lot like MT. Gox, but for a whole new era.
binance starting to monopolize crypto is quite really bad both for them as a company and to the crypto. One thing I know is that if they continue like this, it will lead to their fall if they think they can or will will control everything that they want |
|
|
|
It is a known fact that no one knows who Satoshi Nakamoto is in person and no one can point at who he is. This made me to wonder that, if he was known and seen physically, would cryptocurrency survive till now. Without careful analysis, he might have been called all sorts of names, such as a scammer, an opportunist and the likes because they might not understand the right intention he has for the world. I have come to the conclusion that this man called Satoshi Nakamoto has made a sacrifice for us. Not everyone can do this. Why? Lots of humans like to take glory for themselves. Today, people now praise Satoshi Nakamoto, but he never for once came out to claim the glory ascribed to him. Well, we do not know if he is still alive or not, but I have this feeling he is still living. If you were him, what would you have done?  the irony is, someone has actually come out to claim he is Satoshi nakamoto and it's indeed quite funny now. All these years he didn't come up with a claim that he was Satoshi because he was hiding from the government. But since the Bitcoin has now become even recommended by the government, we are seeing claims |
|
|
|
Newbies can easily be influenced from what they hear from speculations.. I've read several times people tend to advice to hold long term. because its easy for them to say JUST HOLD cause theyre not the one losing! For me its not all about holding, its being smart about your own invesment know when to stop and cut the losses.
What are your thoughts?
if an asset or some assets in your holding are good and you know very well it will do good in the future, then why not hold as long as possible? If an asset or some assets worth holding for years, then there is nothing bad about that |
|
|
|
so your problems is that even as some exchanges shut down, many more exchanges come in place? So my question to you is, does it mean we don't need replacement of the dead exchanges? Or we should just depend on one or few exchanges that will manipulate the whole system? |
|
|
|
I have no doubts after a few observation but ieos are just an upgrade how ?
Ieos that successfully sold out on binance bittrex and kucoin, can they sold out on latoken? Or dobi trades ?
Main focus is; in ieos hundreds get to participate , then after ieo is over; it leaves thousands of people eager to get in and be a part of the movement
This causes an upturn in price for few days; then the usual dip that follows ico token after listing takes place too
So what’s the difference exactly ??
NB: just my thoughts ; feel free to modify, suggest and contribute
well yes they are no different from ICO. IEO is just an upgraded version of ICO with little differences made such as security, trust and guaranteed project but even at that, I think the scam projects can still penetrate the system. |
|
|
|
Now that most of the people are well aware of scam ICOs, scammer has found another way to scam people. I have observed 3 projects till now which I will list here and give you a highlights how they scam people, specially the newbie. 1. PrivcyPrivacy was a free airdropped coin which was distributed freely over the community for helping promoting the project. Later, they decide to reward more to the holder of the coin in airdrops. The more coin you hold, the more airdrop coin you get. Newbies started to buy coins for getting more airdrop coin and DEV were selling their coin. I am sure they had a lot of fake accounts participating in the Airdrop. Can you believe they scammed people in such a way? Now, the project is died, 24 hour volume is- $620 which was less than $100 couple of weeks ago. 2. ProfishProfish was an ICO which came into the exchange before the bounty end. They were listed in mercatox and used to have some fake volumes. I don't know what happened to their ICO but they sold a lot of coins through mercatox and later, the price is now 1 or 2 satoshi from 650 satoshi. This is also a dead project. They scammed people. 3. Helios Protocol- Be awareHelios Protocol is now airdropping coin to their community. This attract my eyes when I see user vectisitch was vouching the project. He was a moderator in privcy, so, there's no doubt that both of the project are from same person and this helios shit is also going to scam money. I want to alert you guys not to invest in this scam project. Here is the vouching comment- https://bitcointalk.org/index.php?topic=5118682.msg50087444#msg50087444I believe that by now, with what many investors has passed through, many of the investors are now very careful in what they invest in although many will still fall for it. |
|
|
|
Hello Everyone,
Recently I have analyzed that most of the big raised ICOs are valueless or nothing but a pump dump token! No Major updates but they asked huge money to run their technology/project smoothly! Look at the HDAC, Bankex, Pumapay, Online, Cryptosolartech and so on ICOs! They gathered huge money from the sale but then what happened? Their developments mean just listing on some exchanges that's it! Many low cap ICO projects are doing far better than those highly earned ICO projects. Look at the countinghouse ICO, how happy their investors are!
So, My Opinion is, we should stop promoting those ICOs who asked more than 10-20 Million USD as a soft cap goal! what do you think?
you have a point I have watched many of this project that have raised so much money and they have nothing to show compare to what most smaller project have achieved. I dont know about stopping to promote them but I think something should be done about it |
|
|
|
2019 has been a year with mixed feelings for crypto enthusiasts. A lot of bounty hunters have now switched over to trading, because bounty is longer profitable.
Some that have combined the two (both bounty and trading), while larger percentage are still into bounty, despite not being profitable.
I envisage that in two to three years to this time, the population of people on bounty will reduce drastically, because it will no longer be profitable as it used to be.
I am not a trader or would I say a regular trader. But with the stories and research I have made, I doubt you can combine trading and bounty at same time due to how complex trading can be |
|
|
|
ICOs, or Initial Coin Offerings, have become a popular way for cryptocurrencies to raise funds from the public. However, they have also become an easy way to prey on the vulnerable, and the financial regulator recently warned customers about what it calls “these very high risk, speculative investments”. It warns that there’s little consumer protection and high potential for fraud, as well as high volatility. Some ICOs are regulated by the FCA, but this is on a case-by-case basis, depending on how they are structured.
As the FCA says, you should fully research any ICO before handing over your money. “You should only invest in an ICO project if you are an experienced investor, confident in the quality of the ICO project itself,” a spokesman says. Alternatively, consider investing or trading with a regulated provider.
yes it's quite necessary to do your research before going into any financial investment. But we face a big challenge today in the blockchain Industry where we have so many scams that we can hardly differentiate even after the research |
|
|
|
|
Proof of authentication
BitcoinTalk username: sacramentus
Telegram Username: @smartGabs
Joined campaigns : Telegram, Reddit, Twitter, content and medium
|
|
|
|
|
This project is actually a new great innovation and I think it's worth giving much attention. Team seems great and I will keep my eye on the project to see how it goes
|
|
|
|
Hello all,
Probably you've heard the same question every day, but I'm a bit confused...
I've got some money to invest, I'm following some coins from months but the prices doesn't change.
What I mean by ,,the prices doesn't change,, let's give ETH as example in the last 2 months the price was between 92£ and 129£ and I don't know if is a good idea investing... Please change my mind and give me some options and opinions please.
Thank you.
Eth is a good investment, but if you really don't trust investing in it because of the fear of the price growth, you can research on other potential Coin in the market and go for them. I don't think that there will be a better financial advice for you as of now, |
|
|
|
|
Show Posts
