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It is quite difficult to say because no one can really predict this space, those who tried failed. Also, many old projects have made a name for themselves hence reason why it's hard to beat them, not only that they also try to keep up to what's expected of them through more Improvements.
However, base on assumption; there are many privacy coins now which claims to be better but yet Monero has been the top privacy coin till date, thus I can say with more positive news coming in, there is every tendency Monero will go up as well since privacy is very important, maybe go up closer to its ATH or higher. In addition to this, the year is almost coming to an end and with Iittle time left, hence might not be this year.
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My opinion is, I do not think Crypto is a threat to traditional financial system, rather it is argumenting or supporting a good section of finance and that is the digital aspect of it, before now one cannot send funds to friends and families around the world without going through the bank and paying high fees for it, but now it can be done with Bitcoin and so on. Also, another point is, crypto cannot be a threat to traditional financial system because traditional financial system is backed by the government, and anything fully backed by the government comes with huge support, and since it can also be controlled by the government, they will do everything possible to keep it growing above crypto.
However, the truth still stand that, crypto has come to stay with us and will continue providing support to the traditional financial system always just like already stated and at the same time, keeping people abreast of what the future holds.
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Bitcoin has grown so much to be valuable and that means, there is nothing anyone or group of people can do to make it look otherwise; no one can really rebel against Bitcoin that's just it. That someone used Bitcoin to carry out a bad act is not enough reason to think people will rebel against it, same thing can still happen with fiat, it's just a matter of what the parties want; but another question I asked myself is, why Bitcoin and not other coins? The answer is simple, because it is valuable just as fiat is, hence meeting the need at that point in time.
Also, as for India, was it not this year or late last year that they adopted Bitcoin (can't really remember) whichever it is, India is still growing in crypto related matters hence nothing much to worry about. The truth is, nowadays I hardly bother of what anyone or country thinks about Bitcoin, because at this stage and with the level of attention it is getting, they can either adopt it or stand on the sidelines and watch others do exploits with it as well as with its blockchain.
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I'm considering to possibly add Bitcoin and other altcoins as a way to pay for goods purchased on my online store.
Is this a good idea? Are there any risks (other than the volatility)?
Is anyone really going to use this?
I'm afraid that my customers may not be much into cryptos, but I guess that it's hard to tell until you try ...
I also have some doubts on the technical side.
Thoughts?
Thanks in advance
To begin with, it is a good idea and if truly you want to achieve it, you need to work on it. However, you made a very vital point and that is, not many customers might be into crypto, in this case, I would suggest that if you add it as a payment method, also have a section where you can put up a brief knowledge/Information about Bitcoin and other cryptocurrencies, so as to enable them have an idea on what it is all about, once that curiosity is there, they will be forced to learn and participate in what you are proposing. Also, just a thought, you can also give a discount for payments made with Bitcoin; we all know people values discounts, I mean one will always be happy to save some bucks, so with the discount gradually people will start getting involved with payment via Bitcoin and once the audience is much, you can gradually remove the discount as well, since you have achieved your aim. |
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Are you referring to digital gold (gold backed crypto projects) or the actual gold? If it is the gold backed projects, sincerely I do not think I can recall of any which has been successful. Many of them came during the ICO era but they failed and ever since then I have not seen of any gold backed projects again, maybe the crypto community have understood the concept is yet to work, I stand to be corrected; just my opinion though.
Also, as for the main or physical gold, I do not have knowledgeable experience about it, but I would suggest you go for it, as it is more better. In this case, ensure you have the necessary knowledge regarding it, in order to make the best decision about your investment.
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I was just thinking over everything, like how can one get involved with something he has little to no knowledge of? I do think that for anyone to get involved with crypto, the first thing to do is to be educated and this encompasses knowing how to create a personal wallet, how to safeguard the keys and many others, with this knowledge the person will be best suited to know what form of wallet is better and the one that aren't. It has been said many times that, any wallet that do not allow you to own your private keys is dangerous because manipulation, hacks etc can take place.
From another point, more of centralized exchanges are getting hacked more than decentralized exchanges because on one hand, the exchange houses the users funds while on the other, the user is responsible for where he imports his wallet to trade. So this means that, owning a wallet that gives you permission to own your wallet keys, also makes it possible for you trade on Decentralized Exchanges securely.
Therefore, I stand with the fact that, private keys options is far better than web wallets options, because once the email is compromised, the wallet is lost, but same can't be said of its counterpart.
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Yes, I do get such calls and messages, but I always tell them to wait for a while because it is clear they are calling because of the growth of Bitcoin at that moment (they hardly call during bear market) and once the market changes, I will be expecting their calls but I won't get much of it, why? Because it is now clear on what they want. However, only few later called back, I was careful enough to let them know what it entails, the risks, and all that, as well as my stand on whatever decision they make, that is, they have to be responsible for their involvement and/or investment in holding or trading Bitcoin.
Also, most of them think that, if they buy Bitcoin, that it will keep rising and once I sense such kind of calls, I try as much as possible to educate them, and then allow them make their own personal decisions.
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To be frank, this looks like a tough question because it is hard to bypass the bank, in one way or the other, you might pass through the bank. However, I think the easiest way is to look for a local crypto exchange in your location or country, you meet with the person in charge, send your cash to him and get your Bitcoin. But one of the shortcomings is, what is chances of meeting a local exchange with a physical shop and can you trust the person not to come after you, maybe to steal from you, taking into consideration that Bitcoin is very valuable.
This aspect of making crypto easily accessible is what made small online peer-to-peer exchanges to spring up, in this case, the online platform will link you with a seller, wherein they act as a intermediary, so you can see Indirectly, you are still going through the bank.
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Yusra is a new project that is starting to take the crypto world's attention.Yusra Marketplace
is a platform where goods and services find their targets, within an enabling environment. It is made up of the Yusra Payment solution , Dobro 2.0, Yusra Exchange and Yusra Marketplace. The market capitalization is 70 million, with a circulating supply of just 17 million and current price of nearly $4. Backing all this is a community of more than 9 thousand fans
I am just hearing about the project and I am still trying to understand how it will get the world's attention, nevertheless it seems to be a upcoming project. Also, looking at what you said about the project, it looks like one which can offer something good to users, but this can only be on whitepaper just like others until the team starts making implementations towards it. In the crypto space, it is very easy for project developers to design their whitepaper with enough information that can create hype, but when it gets to delivering, they tend to lag behind. Nevertheless, checking through coinmarketcap, the project has a nice volume and marketcap, hence if the team are hardworking since their idea looks applicable, they can actually attract more users which will really lead to more growth of the platform. |
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This is really serious, how can people make such mistake of storing their private keys on cloud storage, this is money related issue and should be taken with utmost care and importance, because it can be hijacked by hackers. Even when creating wallets with some mobile applications like Imtoken, they will always advice users not to take screenshots of their private keys or mnemonic phrases but to write it down and store in a secure place, meaning that, it is the best form of securing the private keys. Seriously, anyone doing this, should stop and delete those keys from the cloud storage because it is not safe, hackers are getting smarter everyday because crypto is becoming more valuable each day.
In my own opinion, writing it down and keeping in secure places is till date the best way to protect your private keys, because only you knows where it is.
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The thing/fact is trend; that is, trend in the crypto space comes and goes, when it comes, it sweeps everywhere and those who are ready for it, takes huge advantage of it. In the case of IEO, top exchanges really took advantage of it which was why many recorded good success then, but with the hype or trend being at its lowest, means little success will be achieved in any IEO henceforth. But what caused the hype or trend of IEO to drop? The answer is DeFi. When DeFi trend started exchanges like Uniswap took advantage of it, just like Binance took advantage of IEO, Uniswap gained a lot of attention and growth with it, hence leading to low attention on IEO.
So actually, you can hardly blame Binance for the low success recorded by those projects when compared to other IEOs before them, it's just that people are moving their attention towards another trend or hype which is Defi.
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These are different trends or phases in the crypto space and with each phase comes a winning time and lossing time, but it always looks like the lossing time is always much. What I meant is this, it started with ICO, and during this ICO many good projects were developed and most of them are still functioning till today at the same time, many scams also took place and owing to the high rate of scams, ICO was abandoned for IEO. Now those good projects can be considered the winning time/projects because most investors earned well while the scam projects can be considered the lossing time. The failure of ICO lead to IEO and till date IEO is still working but not as it used it, however, this then shows that IEO is different from ICO and more sustainable as well. DeFi on the other hand, is different as well, the hype was much, projects pumped and many dumped terribly on their investors, this might be the reason some people call most of them scams, and likely taking the path of ICO.
Therefore, from all, I will say IEO is different and better.
On the other hand, anyone tagging the crypto space as scam, shows the person lacks the knowledge of how it works.
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#PROOF OF REGISTRATION Forum Username: aemma Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2328723Telegram Username: @Gini242 Participated Campaigns: Twitter, Telegram, Discord, Reddit, Signature and Medium ETH Wallet Address: 0xdA94fC4eb4216b39Cd2e13664D1c3Ea9DFFE3608 |
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