I mean I can't find any collapsing due to deflation, but I know that a good amount of goverments are facing this problem as of right now / or have in the past. Some of these include Ireland, Hong Kong, Japan, UK, and the United States. The one with the biggest problems and I think is still ongoing in Japan, where people are actually accepting negative yield bonds as a way to protect them against this delfation. Here's a link to the wiki on deflation - https://en.wikipedia.org/wiki/Deflation#Historical_examplesHave fun! |
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Danger is very close to us, good operating habits are safeguards Crypto exchanges are hackable and this is a proof https://cointelegraph.com/news/japan-coincheck-exchange-freezes-all-withdrawals-as-up-to-723-mln-leaves-its-walletIf you are seriously interested in crypto, you should have hardware wallet. DO NOT BUY hardware wallet from Ebay, amazon, etc... Buy it directly from the site. I will find tomorrow best hardware wallets and share with you. I have Ledger Nano S and everyone should have one because it is not smart to hold all money on exchanges especially on 1 exchange. Japan: Coincheck Exchange Freezes All Withdrawals As Up To $723 Mln Leaves Its Wallet Coincheck crypto exchange appears to have encountered problems after a freeze on NEM operations spread to all other currencies. If people have stick to the basic rule of not keeping your funds on exchange sites, all of this would not happen I wonder the amount of people who would have been in sorrow because of the ineptitude of some people in charge of ensuring the security of their funds. Advising people to get an hardware wallet is like beating a dead horse because those who will buy have already done that while those who wouldn't will hope they don't fall victim until they do. Yes, too many people think that a simple purse is safe, perhaps. In the absence of problems I mean I think it's less of people thinking it's safe and more of people just simply wanting to have the convenience of an exchange and not wanting to get involved with buying an HD wallet, or using many wallets, and handling all of the TX fees that are incurred with all of this. But people will learn that convenience isn't worth it when they're losing money, but they have to lose some cash to see this - it's a tough lesson. |
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I think it will continue to do a good job of staying pegged to the dollar... How they make money... I don't really understand it.
BitFinex owns Tether, so they're only happy cause it brings more and more people to their exchange as they're able to give people the stability of the dollar on an exchange which doesn't do much KYC, or even any anymore as they're not even doing business in the United States. While I do think this is a large problem which is brewing, I do think it will take some time until shit really does hit the fan and we are in FULL panic mode. As of right now, we're OK. Awaiting some sort of issues with Tether and mass withdrawals is when we'll see a meltdown. |
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This should be enough evidence in and of itself to get people to go over and get a segwit addy, if these types of fees are possible with it then that should convince people that this is the answer to the scaling problem that we have been longing to try to fix for far too long.
Why don't people simply see the light and use this? Is it because the miners are going to lose out on all of the sweet sweet overprices fees that they've been reaping in for this long while the network and the community has been suffering? I wouldn't be surprised if this all comes down to the bottom line.
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Money is politics, but what isn't? We face the same sorts of things here when it comes to politics, as more people that control the miners, exchanges, and so on and so forth are able to control MANY things when it comes to the community itself. Politics is everywhere, and even though there are some problems that follow that it's not like there's anything we can do about it. That's how the world works.
People still support the traditional system of money because it works, and they don't see any issues with it. Politics isn't an issue to people. Or at least a prevalent one in their entire life is plagued with it. Different reasoning must be attempted.
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Where there is money to be made, there will be ways to circumvent things that the government says. Though I don't really understand people who are buying Bitcoin in China for no other reason but to go ahead and simply buy, I'd understand if miners were doing this in order to buy and build more and more miners in a time where the chinese government is starting to crack down on everything bitcoin (mostly mining now)
I don't see a purpose here, can't they all just use cash with ease?
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While this is horrible, CoinCheck is taking a completely different approach compared to its predecessor (for the largest hack, MTGOX) CoinCheck is actually going ahead and paying out .82 cents on every dollar for people who had money in their exchange. Even though it's horrible that these people lost money, at least they're getting something back at the moment -- And maybe in the future, you'll get the entire part of what you left in their exchange. This is close to what btfinex did, so it's POSSIBLE.
Sad, but people will only gain knowledge by losing their money -- DONT KEEP MONEY IN YOUR EXCHANGES.
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It's all up to you when it comes down to it, though you must remember that most of the altcoins that are in the top 10 or even top 50 are the altcoins which BLEW UP during the bull run of the cryptocurrency craze. So, in my opinion, a ton of those coins, which some people may recommend buying, are coins that are completely overvalued.
I personally would rather just buy Bitcoin as of right now, I wouldn't want to try to buy at the tippity top of the altcoins - like 10, 15x, etc. It's personal preference but I just don't trust it.
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Only other alternative is going to be using an exchange which actually has USD to give you when you sell your bitcoins, as this is something which Coinbase/ GDAX has and this is FDIC insured, obviously making investors feel a lot safer when they're sitting on the sidelines waiting to see if they should trade.
I'd rather have actual USD, then some shitty coin which is printing more and more tether as they please. Plus the fact that they've never been audited (tether) and who knows if they're able to be trusted.
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Honestly this is pretty cool, but if you do want to get into the territory of competing with a place like trading view (a TA / charting place where most traders get their charts) You're going to have to allow people to draw and do TA on their charts, as that is something which is VERY BIG within the cryptocurrency community (even if TA isn't always right, people do like using it)
Nice job though, it's a nice addition to this space.
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I mean I do use a couple of the charting tools, and I do think that they help SOMETIMES but I'm not a firm beleiver in TA as I do think that in an unregulated market like Bitcoin (and other cryptos) TA is kinda unable to predict what the whales may do at any moment, or what FUD may come our, or anything along those lines.
I've made a couple bucks off of TA though, so I'm not saying it's fully wrong. I just think it may give traders false hope and they'll end up making the wrong trades.
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I mean both of the wallets have different use factors, as electrum is something which can be used on your desktop and mycelium can only be used from your smartphone. SO they're going to cater to different types of people with this use factor. I personally think both wallets are fine, even though I do personally use electrum on my desktop with 2FA.
Depends on you bud.
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For college students, with a income coming in they should be able to throw some money at bitcoin (given that this isn't the money that they need to survive) and be ok in the long run as they're actually able to lose some money in their initial investing years and if they make a killing then that's amazing, as this is the time in your life (initla investing years) where you should be trying to make the highest returns.
As later on in your life you're going to rely on this income, and wouldn't want to lose your investments in a day which is MUCH MORE HIGHLY possible in crypto then it is in bonds, stock, etc.
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The blockchain is the bigger thing here when it comes into the minds of the business people and the people in the tech field. They don't care about bitcoin, cause they don't want bitcoin to succeed as there is a lot more money in companies like paypal, google pay, etc
The blockchain is something that they can use, or their customers demand people to use in certain fields to improve transparency by an INSANE AMOUNT. But time will tell if companies want to be transparent.
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If you want to get bitcoins anonymously and keep them anon you're going to need to buy the coins through some untraceable methods such as buying bitcoin with a cash-bought gift card on a site such as paxful or LOCAL BITCOINS.
Altcoins I suppose you could use changelly or shapeshift, though to make sure your IP isn't being tracked you should maybe buy this from a coffee shop or some other sort of public wifi connection.
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I fail to understand how it's hard to notice that people aren't just going to give you access to their rigs and ASIC miners and pay you profit from it (without it being a scam) or that these lifetimes contracts are actually going to lead to profits, as companies like gensis mining are only going to pay out if its PROFITABLE FOR THEM AS WELL.
What's so hard to understand here and why are people, joining into this cloud mining scam?
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The problem with getting into setting sell orders, buy orders, and handling an active portfolio usually ends up worse then passively managing with leaving money in places like Bitcoin and not doing any sorts of trades, simply letting it go on with the growth of it.
So I'd rather just HODL. Plus day trading is a lot on time.
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From most of the money which is coming in right now, are at least came in in the month of Dec I think ALL if not most of that money was from people who were trying to get rich quick by buying some quick bitcoin off of coinbase and trying to see if they can make some quick cash. Most of these people did lose some money, but when we do have another run up it's going to be something insane as more people are going to feel FOMO and want to get involved in the money making.
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Yes, and a massive threat. Cause it's not only bitcoin which threatens them, its the idea that currency doesn't have to be centralized and that with the right code, approach, community, and dev team a decentralized coin can not only work but it can thrive and be accepted by people.
If you were to tell people this was going to happen 25 years ago, they would have LAUGHED at you and called the money monopoly money. So this idea alongside bitcoin the banks are going to have to change their ways (IF BITCOIN GOES MAINSTREAM) which is something that no bank wants to do, as they'd rather justmake massive amounts of money and not be subject to change at all.
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I don't know the exact tax forms that it's going to need to be on, but you are allowed to expense anything that the rigs cost you, expenses along with using them, and so on and so forth and subtract this from the profits of the rigs themselves-- this is going to help you for tax purposes substantially.
I found this too, hope its helpful.
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