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You will always end up with a losing percentage over time when playing dice at a casino. The only strategy I would suggest is to use your entire gambling budget on one or two bets and walk away if you win.
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Scams happen everywhere, this isn't a problem exclusive to crypto currency. Just look at all those MLM schemes we have now. But most people are honest people, the percentage of people that are scammers are very low. Those dirtbags go and abuse the trust of good hearted people.
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It appears that the BTC from the Binance hack is now being moved around to new addresses. The transactions are continuing to be sent out in smaller and smaller amounts, from one account to the next. Amy castor, a block-chain analyst, answers why the BTC is being moved so quickly with such a high rate of activity:
“Money laundering 101: breaking the transactions up into smaller and smaller amounts making them more and more difficult to track”
It is amazing that with the modern technology we have, people can be able to see and watch the movement of the stolen cryptocurrency but there is nothing we can do about. The technology we are employing is helpless in stopping the said movement...this is one thing I realized that no matter how advanced we are essentially we are still limited and sometimes powerless. This is akin to watching people being murdered while your hands and feet are tied. Such is the irony of a society relying so much in technology. If you want you are free to use centralized currency that can be reversed. There are even centralized coins like EOS that can be reversed at the discretion of the controlling group. This is just one of the few cons of a decentrlized currency. Once it is in the hands of a scammer you will never get it back. |
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Nothing is ever 100% safe , people need to realize this. I still trust Binance compared to smaller exchanges since they are covering this loss. Of course they really had no choice or they would lose all credibility. Remember, not your keys not your coins!!
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If you don't mind me asking how is your power free?
Even with free power I think you will be better off just buying and holding and you also won't have the hassle of dealing with mining hardware.
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Most murders don't receive media attention. Just because it happens in a school they make a big deal out of it.
Criminals will get their hands on guns no matter what, at least give regular people an option to defend themselves if they want. Most crimes stem from wealth inequality so that is the issue that needs to be tackled if you want to stop violence.
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In lighting of recent events, this topic can be change to "Binance Hackers are making more money than other traders"  But it looks like customers on Binance won't be losing any money because the losses will be covered. The is a relief for myself because I have a few coins on Binance that I have been trading. I still have faith in Binance but my trust has been diminished a little after this hack. |
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Tainted ones don't even matter, you think someone on this forum won't accept bitcoins that are "tainted"
They are just as good as any other bitcoin and people will gladly accept them.
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Be careful, there are a lot of shills promoting this coin. It looks to be another premine pump and dump by "devs" that just want quick money.
Mine established coins or something that actually has a fair launch.
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Claiming they will have the #1 coin on CMC? That is a complete joke
This is just another scam coin that the devs are waiting to dump when they get any significant pumps.
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Just some advice, unless you have a large advertising budget and a big community your newly created coin is unlikely to gain any traction. This market is really over saturated and everyone thinks they can just create their own coin and become rich.
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Interesting to see ripple remain stagnat while bitcoin and ethereum pump. Ripple was previously in the #2 spot and had a lot of hype but now it only does 1/8th of the daily trading volume of eth. I'm considering converting more of my btc into eth since the ratio is really low right now.
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Calling 99.9 percent of them complete garbage is just unfair. There have been some successful ones and some good ideas but this bear market has been brutal.
I'm most interested to see if any of these proof of stake projects gain more traction over the traditional proof of work coins.
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i support both in some context. i think every single human being has right to get food, shelter, education and health related facilities but one who is working hard and giving day and night to work should get more money, more perks and privileges and better standard of life.
Capitalism isn't really about working hard, its about ownership. That is the real path to obtaining wealth. Working for a salary will never compete with capital. Money makes money faster than you can even spend it. |
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Most wealthy people haven't even touched crypto yet. Trust me, there is a ton of room for new investors. Just look at how much wealth the gold market captures and if bitcoin just capture a fraction of that it will grow to a new all time high.
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I do not believe in UBI. It is only good in theory but if actually implemented it will be worse than communism.
There is no way that you can time log the jobs that require high intellectual level. Some people of high level can think of system in few days that an average joe will never able to make it even he got the decade time.
What do you think will happen when the need for human workers is greatly diminished due to automation and robots. This is the future whether you like it or not. |
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Coinmarketcap shows fake volume and false data so the first step is to find accurate data. Low cap coins are always a gamble and you can't rely on traditional TA. Even for bitcoin regular analysis doesn't apply like how it would in the stock market. These markets are much easier to manipulate.
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If people only care about low fees there are many other altcoins that people can use. Even the one that people hate, BCH, I know don't hate me.....
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Even the best investors have failures so keep that in mind. Don't get discouraged from past losses and failed choices. Even Warren Buffet has made a lot of mistakes and he will be the first one to admit it. What makes you a good investor is how you learn from those past decisions.
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I really cannot understand why projects are requiring KYC information. It maybe the rules of projects. In some cases, some projects pretend to be real and good by requiring KYC information from clients as they think KYC requirement is a blueprint for a good project. I also do not think KYC requirement is a blueprint to brand a project a good and genuine one.
Some of them are forced to depending on what country they are based in. Governments are cracking down heavy on crypto. They have a choice to comply with laws or face serious jail time. I barely feel safe trusting my information to a big exchange let alone a small startup project. |
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