ERC20 tokens is something like a standard of a token on the Ethereum Blockchain
Basically as long as it starts to be trade-able, people can start trading and usually aside from trading it on the exchange
You can do it manually, however it might be riskier as one party might need to sent the coin first
So. what if it's not tradeable and it's not listed in any exchanges, is there any option when I can convert it to BTC, ETH or any other coins, or maybe to fiat? I've some ERC20 in my MetaMask but I do not know what to about them as they're not listed in exchanges. |
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Many personal wallet that support ERC20 token like Metamask, MyEtherWallet, Legder Nano . And these only personal wallet , and for exchange that support all ERC20 token is EtherDelta. But if you dont find your ERC20 token here ,try to add custom first like we do in MyEtherWallet so the ticker symbol will be mention in that exchange. And also we can import MyEtherWallet account to EtherDelta account by import the wallet address and the private key.
Thank you for this post. But it would be better if you could give us tutorials (video, urls, whatever) out there that could explain it very well. I think it's very complicated and something techie that the majority here in this forum especially newbies might not understand it fully. what you're trying to impart. |
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I see that you also running a bounty program, may I know the exact date it will be ending? This is a very interesting and I missed your bounties that's why I was asking to know if there's still space joining.  |
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It is not a legit currency because it is not regulated by the government, it is not implemented by them but someone just invented in it and they don't want people to become victimized of this as they were thinking that it was purely a scam.
I think you should need to do more research. I do not know where you live nor where you get the basis of your remark and/or statement. Currently, there are around 75 countries (and territories) where the status or usage of Bitcoin is Legit or Legal, as it says... "The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. Whereas the majority of countries do not make the usage of bitcoin itself illegal, its status as money (or a commodity) varies, with differing regulatory implications. While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently. While this article provides the legal status of bitcoin, regulations, and bans that apply to this cryptocurrency likely extend to similar systems as well." |
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BITCOIN couldn't maintain yesterday's momentum overnight, but wallet holders will be encouraged by BTC hitting a high of $6,710, and broadly heading north, not south. Bitcoin has now been forecast by a panel of experts to rise 18 percent by August 1st. Warning - cryptos will 'DIE'Evgeny Chereshnev, CEO and founder at Biolink.Tech has told Express.co.uk that bitcoin's future is as a means of payment, and not as a investment. He said: "Cryptocurrency is just a set of numbers, in the same way as money is just a piece of paper until it’s accepted as payment. When these sets of numbers are accepted by someone as payment, it changes everything." More here, https://www.express.co.uk/finance/city/984756/Bitcoin-price-rise-ripple-cryptocurrency-ethereum-BTC-to-USD-XRP-news-die-dead |
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This is a very interesting project and it looks good. I just don't know the reasons behind why they closed their bounty programs. Any idea? Thanks.
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~snip
There are three main categories of bitcoin stakeholder. Someone may fall under more than one of these categories, and each category has its own legal considerations.
What are those categories, OP? Anyways, going to your subject, "Is Bitcoin Legal?" Yes, it is. And I think it depends on where you are or where you live, and what you wish to do with it. Currently, there are around 70 countries and territories in the world where the status of Bitcoin is legal, although it's not regarded as currency. http://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country |
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No, bitcoin is not illegal in India, it's legal. Although India's central bank, Reserve Bank of India has announced a ban on the sale or purchase of crypto-currency, the usage of bitcoin is legal. "Finance minister Arun Jaitley, in his budget speech on 1 February 2018, stated that the government will do everything to discontinue the use of bitcoin and other virtual currencies in India for criminal uses. He reiterated that India does not recognize them as legal tender and will instead encourage blockchain technology in payment systems." Source: https://qz.com/1195316/budget-2018-busts-bitcoin-arun-jaitley-has-just-killed-indias-cryptocurrency-party/ |
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I don't think so. Bitcoin will stay forever, but it can not repeat what it did last year, especially on December 17, 2017, Bitcoin Hits a New Record High, But Stops Short of $20,000 You know why? According to this news report, a research paper on Bitcoin prices through a finance professor and graduate student from the University of Texas at Austin, "was the result of manipulation via the use of a different token called Tether, which has seen its own share of controversies since its emergence."
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Hello, OP! I think this project has a similar concept to that of ETHLend, a decentralized lending which becomes a successful one. So, how would you compare your project to that of ETHLend? |
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Are you sure? What if it is just a coincident or an honest mistake? He could go back to the other thread and make necessary changes. That's allowed, right? |
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~snip~
With more companies to use bitcoin as payment the more the market is getting bigger ang greener! I hope with this a significant rise will be felt soon!
I don't know if there's a connection between companies using bitcoin as payment and the market. Positive news reports really help the market but not using bitcoin as payment I guess |
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BITCOIN, Ethereum and Ripple could soon be the last coins standing with over 800 competing cryptocurrencies revealed to be “dead” according to a website collecting crypto scams and abandoned projects. The bitcoin bubble at the end of 2017 saw thousands of new cryptocurrencies enter the market and compete for the attention of investors consumed by global hype and the prospect of getting rich quick. These Initial Coin Offerings (ICO) hoovered up money from gullible investors using little more that some code and a speculative white paper outlining the coin’s ambition. However with bitcoin, the leading cryptocurrency having plummeted from over $19,000 in December last year to just over $6,000 today, the enthusiasm for lesser-known coins has also dropped. Deadcoin.com has been busy listing all the crypto scams, jokes and abandoned projects and the list has now hit 800 cryptocurrencies, considered ‘dead’ - trading at less than 1 cent. More... https://www.express.co.uk/finance/city/982632/Bitcoin-price-latest-ripple-cryptocurrency-news-ethereum-dead-list-BTC-to-USD-XRP-news |
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I stumbled this news, https://www.nytimes.com/2018/07/01/technology/cryptocurrency-ripple.html and I find it interesting so, I decided to share it here. "SAN FRANCISCO — You may have seen the actor and part-time tech investor Ashton Kutcher present $4 million worth of digital coins called XRP to Ellen DeGeneres’s favorite charity on her talk show. Or maybe you saw Stephen Colbert announce a $29 million donation of XRP to schoolteachers on his late-night show. Ripple, a San Francisco company that is rolling in money thanks to last year’s run-up in the value of cryptocurrencies, was behind the giveaways. And it has quietly become one of the most valuable start-ups of the last decade thanks to the value of XRP, the digital token its founders created six years ago. Now comes the hard part: persuading people to use XRP for something other than speculative trading. It is an issue facing most of the still-young cryptocurrency industry. Digital tokens like Bitcoin and its many imitators (like XRP) were designed to make electronic transactions of all sorts easier. But today almost no transactions are happening, other than on virtual currency exchanges where people bet on their price. Despite a dramatic drop in the value of cryptocurrencies this year, Ripple still owns $30 billion worth of XRP, and the company wants to get some of those digital tokens into the hands of potential users." More here, Here’s Some Cryptocurrency. Now Please Use It. |
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CryptoBased IRA, a platform that is responsible for connecting consumers to qualified digital wallets, custodian and cryptocurrency exchanges, says “yes” to transferring IRA and 401K to Cryptocurrency– this is a solution for investors that are looking to hold cryptocurrencies like Litecoin, Ripple, Bitcoin, Bitcoin Cash, Ethereum Classic, Stellar, Zcash, and Ethereum in a self-directed IRA. CryptoBased IRA has pioneered a safe and simple process for completing transactions and assisting fund transfers, and more importantly, the entire process is approved by the IRS. The IRS has ruled that cryptocurrency has “an equivalent value in real currency.” For this reason, people around the world are using digital currency in order to purchase goods and/or services. The IRS Virtual Currency Guidance: Notice 2014-21 has labeled Bitcoin as one of their examples of virtual currency and has declared “Bitcoin can be digitally traded between users and it can be exchanged into Euros, U.S. dollars and a variety of other virtual or real currencies.” Since people are exchanging Bitcoin for dollars or other currencies, this means that it can also be used in place of dollars or other currencies in order to make investments and to fund an IRA. CryptoBased IRA explains why individuals should start transferring their IRA and 401K to cryptocurrency. More here, https://www.prweb.com/releases/2018/07/prweb15602099.htm |
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UPDATE:
Just added OPTin, SOUNDEON, Expercoin
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Great deal to buy a dip! But I guess it's not the lowest point of Bitcoin this year.
I read this news and I stayed for a few minutes thinking, why all the news channels took this statement so seriously? the guy has money, the price is $ 5900 (something very cheap) and even then the guy says he considers buy if its price falls below $5,000? What would be his problem to buy now? he himself would make much profit without any problem. my opinion is that this guy just wanted to have a few hours of fame talking about it and as always our news channels are publishing anything that some famous says. Yes, he really can afford to buy even if the price is up to $7000 or $10000. But I think he wants to buy it cheap so he could amass more bitcoins rather than buy it at the higher price. |
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