Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
Digital currency as a currency that will be blockchain based or just a regular digital currency that will be pegged with USD? If it you are talking about the latter, it does exist and it hasn't replaced bitcoin, has it? If its going to be a blockchain based currency, then still it won't. Most of the people uses bitcoin because its decentralized and gives people financial freedom. A diigtal currency created by a bank won't be having such features thus making people reluctant to use it. |
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Here is a fake offer: Elon Musk — Official ETH and BTC GiveawayThis is the fake site: http://muskgift.com/This will show you a UI similar to Medium platform but, please note that medium platform URL has medium.com. This is fake. Do not send funds to this offer. I would say do not send funds such stupid things. The comments shown on the site are fake as the UI itself is faking medium. Anyone who would fall for this is plain stupid. Sad that people are this desperate to scam money off people. They could have earned more if they focused on doing something better other than scamming people. Anyways, post it no the "Scam Accusation" board. That is the correct place for this kind of threads. Just gather some proof, post it and let people know about them. Like the user above me said, many people goes through to the scam accusation section in order to how legit a site/project/coin etc is. |
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As the subject goes, can we expect the newly developed Altcoin that can go beyond Bitcoin?
Yeah you can create another altcoin that is better than bitcoin. But better based on what factor? There are altcoins out there that has better confirmation time. Again, there are coins out there that have scalable block size causing faster confirmation time and speed. There might one day be a such altcoin that might become better than bitcoin in such a way that it will be used for daily transaction as a regular currency. But this does not mean that it will replace bitcoin. People will still use bitcoin as a store of value. |
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I agree with you on this, altcoins are more profitable than bitcoin base on the fact that bitcoin doesn't move so fast like altcoins that can turn 100% within 24hrs
You are talking about shit coins that gets pumped and dumped. Only coins that are considered scam coins rise more than 100% within few hours before it gets dumped and dies. The creator of the coins hold the majority of the coins and can easily manipulate the market. This is what they actually keep on doing. Once they hold of good buying volume amount, the dump their coins causing the price to crash and die eventually. Yeah, it becomes more profitable if you can take advantage of this pumping, but the risk associated is very high thus making investment on it not worthy at all. |
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What happens to my two Bitcoins (just for example) if I lose my security key? I do not have any Bitcoin at the moment. But, I am quickly learning about Bitcoin as I want to very soon make my very first purchase of some amount of it. My question has to do with there being a finite amount of Bitcoin in circulation. Today about 17,000,000 (17 million) Bitcoins are in existence. By year 2140 as I understand it there will be no more than 21,000,000 (21 million) Bitcoins in existence. Furthermore, my understanding is that I am the only person with access to my Bitcoin through my private security key. Now, my question is. If I lose my security key to, let's say, one of my Bitcoin wallets that has maybe 2 Bitcoin in it. Then, what happens to that 2 Bitcoin in the context of the 17 million Bitcoin currently in existence. Who can find and use those 2 Bitcoin that I "lost". Or, do those 2 Bitcoin get lost forever, because I'm presuming no one ever will find/guess my lost security key? An analogy is, if I lose a hundred dollar bill, someone will likely find it and be able to use it to put it back into market circulation. However, if the hundred dollar bill gets flushed down a sewer drain, then it gets permanently removed from market circulation. So, I'm wondering, do the 2 Bitcoins in my example that I "lost", do they permanently get removed from market circulation. And, if so, then does that mean that in 2140 there will be 2 Bitcoins fewer in the total market circulating, for example, 21,000,000-2 would make it 20,999,998 Bitcoins in circulation. Or, can those 2 lost Bitcoins be *replaced* by Bitcoin mining over time so that the market has the full 21 million in circulation.
Yes. Exactly what you said. Compare the events (losing bill and private keys) and you will find all similarities. If you lose your private key, and say its written on a paper along with your public key and someone somehow guessed that its a private key, then he will be able to recover your funds. That's the same thing as losing your $100 bill. If someone finds it, he spends it. But, if say, your keys get lost forever due to corrupted hard drive and you haven't store it anywhere, then its lost forever. The same thing as burning/flushing a 100 dollar bill. But, this does not mean that the circulation will be reduced. It will still be 21 million since the coins still does exists in the chain. And no, those 2 lost bitcoin won't be replaced. |
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They says: "1 Million FLEx (Ethereum Tokens) BONUS + 10000 Every Month" Instantly: +1000 FLEx for Register +100 for every Post +100 for every Referral When you reach 100 Referrals, will get EXTRA +1000000 FLEx +10000 every month Link: https://twitter.com/FLExCryptoCoin/status/1219598977588326401Should I follow this? Looks like just another shit token. Please avoid them and don't invest or promote them in anyway. You will just be encouraging them to scam more people while the naive investors suffer. Do not follow them. Even if they are trying to do something, their token won't have much value. They are giving away too much free "tokens", thus making the token less valuable. |
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Start buying the dip guys. Now is the moment ⏱️ to accumulate for BTC halving. Don't miss this low. I got orders from 8,3k to 7,9k. Going lower than that it will be difficult. But who knows. I still have some cash left in case it goes lower. Be greedy when others are fearful. ⚠️ Maybe you will see that I'm new in this forum, but that doesn't make me a newbie. Read the topic I wrote called "Backbone analogy for BTC current & future price movements" where I predicted that this dip would happen. And of course this is only my personal view. Make your own responsible choices. Good luck!  So you predicted something before and coincidentally your prediction ended up being correct and now you have become a prediction guru? Lol. I feel really sad for those who are going to blindly believe and follow your advice. Advising someone to be really "greedy" seems totally wrong. At least you have warned people about making their own choice responsibly  . By the way, any facts that can help back up your prediction? |
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During the launch of any project, none of the participants knows for 100% whether the project will succeed. You ask why to support new projects, in my opinion this is a strange question.
After all, support lies in the support itself. You support the project in which you believe and hope that he will succeed.
You offer assistance to the project in order to help the team realize their idea.
Will this work out? Unknown If you do not believe in the project and support it only for the money that you can get later, then it is not surprising that the projects do not succeed.
First of all, yeah people can make some sort of prediction and know if the project will succeed or fail. If the person does a deep analysis of the project, they can have a pretty good idea if the project is just a sham or legit. They can have a look at the developer team, what they are proposing and how they will proceed. If they have any slightest doubt about anything on the project, then I recommend them to stay away from the project. Highly likely the project will fail. Just blindly supporting the project just because you "believe" on them is totally a wrong thing to do. All you would end up doing is support and encourage more scam projects. |
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I don't know much about the existing laws in Netherlands. Is it legal in Netherlands to operate online casinos? If not, then I don't see anything wrong about penalizing them for doing something illegal. Operating without a license is also an offense in most countries and the casino operators do get into legal trouble if they get caught.
They probably are increasing those fines in order to prevent anyone from committing those crimes. At least their government is trying to make online gambling legal. So the operators should wait for it to happen. But yeah, the tax is absurd.
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Too tired to look at the stats/charts you provide. What do you think? You probably have already studied the stats and already have a conclusion. Sharing your opinion over here would be helpful instead of just asking for peoples opinion. Like others have said, the prices have always been on the green side every Chinese new years, but is this just a coincidence? Is there any reason that causes the price rise?
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CryptoVerificationCoin? What kind of shitty name is this lmao. Well, people are still going to invest on it seeing the "500%" and then once the coins get dumped, I bet they are going to cry and whine over here saying "crypto is shit" "crypto is scam". Too bad people still fall for these fake/scam coins. Some people just invests on these coins to make some quick profit and exit before the dump occurs. If any of you have invested on this coin, start dumping it now before you regret!
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I have been hearing that even major altcoins are gradually losing its value.
For long term investment purpose, no more investing in major altcoins recommended?
What do you think? I am pretty sure you have done your analysis of the market. Have you seen that the altcoins are losing its value in the long run? Did you just go through the new coins or the ones that have existed and is being being used on regular basis? What conclusion did you come to? If you haven't done all these research of your own, then please don't invest on anything. Don't rely on peoples opinion/suggestion. Do your own research. This is your money and you will be risking your money, not us. People don't really care if you make a bad investment based on their suggestion since its not their money that you are going to lose. |
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I am still here despite all the many losses and fall in my portfolio because of the new things I am learning daily about Cryptocurrency and blockchain, I don't look much any longer at the monetary reward because it sometimes dashes the hope.
Finally someone over here who is not into crypto currencies for monetary reward. But are you really into crypto currency for the technology and not for the monetary reward? If you see most of the replies in this thread, you will notice most of them joined the crypto market, just because they can make "money" with it. Most of them joined because of those faucets that gave away free coin. You will find less people here who claims that they are involved with crypto currency because of how advanced this monetary technology is. |
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Bitcoin prices are going up and down these days. People are hopeful that the price of Bitcoin may well go up by 2021. Bitcoin has been legalized in a number of countries, due to which Bitcoin prices are now recovering. If the price of Bitcoin goes up to 25,000 by 2020, it will be very difficult to buy.
Why do people keep on asking the same question again and again? Who knows what might happen to the price of bitcoin in the future. It is not like that the prices are predefined. The price of bitcoin might cost $25,000 in 2021 or might even cost $20. You never know. Why do you think buying bitcoin is going to be difficult in 2020 just because of the price rise? You can always buy fractions of the coins. |
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I don't think any of such wallets exists. If does exists, the platform must have full access to your wallet, that is it must have access to your private keys. Do you really think your funds would be safe in such case? Someone else having access to your private keys means you are no longer the only sole owner. The gambling site might scam and take away your coins anytime they wish. What is wrong with depositing your coins to an online casino wallet?
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We all know how worked hard Satoshi Nakamoto made the blockchain, for the ease of all of us, should we not do anything for this?
So the answer is yes, we too should do something.
That's why I and some of my friends have decided that we will. We will build a small academy with only two or three rooms, where we will tell people about blockchain, without any fees.
I want to know this from you, is this a good idea? Please tell me if this is not the right way.
We can only invest two or three months for this Academy.
Lessons:
How blockchain works.
How to send or receive.
How to buy/sell cryptocurrencies ( Trading).
What is the private Key.
What is the difference between Coins and Tokens.
What is ICO or IEO.
1. Yeah, teach them the basics of blockchain. Let them know why it is better than the traditional currency. 2. Before teaching them how to send/receive, teach them about different wallets. 3. I don't think trading is actually necessary at all. At least for now since they are all beginners. 4. Not just private keys, the public keys and its importance (include digital signatures too). The rest two are not needed to be honest. Lastly, you forgot the main thing. Teach them how to keep their wallets safe! |
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From your explanations I do not know how your funds was taken(you can try and explain better), were you trying to send to an address and sent to the wrong address. Maybe your private keys aren't as secured as you claim it is, did you write or store it somewhere that's accessible to someone other than yourself. I am desperate because these funds were supposed to be for my mother's health.
I just hope it's not just you sending to another address of yours, sorry I just get a bit sceptical when a line like this is added in this kind of post. If your mum is truly ill, you will have to find a different means of footing the bills. The funds disappeared from my wallet without any action on my part. It was enough for me to transfer funds from the account to the stock exchange faster and there would be no problem. Please forgive me the nature of the post .... nobody will understand this situation because it is not about bills, but about a chance for health. These funds were 3/4 of the funds necessary to pay for a life-saving operation. Thank you for the answers ... now everything is clear to me. Well, there is nothing much you can do now. The transactions has been confirmed and there is no way of reversing it. You computer probably got hijacked and your private keys are compromised. You better clean your computer and make sure you make no further transactions from the computer. If you have any coins left, make sure you send to another clean wallet. Make sure next time to keep your wallets secured and your computer clean. |
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How many exchanges you know of that have too high withdrawal fee? I was shocked that Dcoin exchange wants 0.001 for any bitcoin withdrawal you want to make while other exchanges charges only 5000 Satoshi for bitcoin withdrawal, I was forces to exchange my bitcoin for litecoin before getting my coins out
Not all exchange market have the same fee charges and many of exchange have different payment fee but you can convert first you withdrawing ethereum or bitcoin become with doge coin or you can use litecoin for withdrawing, you can get little fee payment when withdrawing use altcoin like ltc, doge and you can use XRP to get little fees. Please don't tell me you are serious. Exchanges are used for converting one crypto currency to another. So, a user might deposit doge coin and might want to convert it to bitcoin. The solution you mentioned is not viable in this case. Even when exchanging between coins, there are fees that has to paid. So, eventually you will be spending almost the same and won't be saving anything. Why not use another exchange that has lower fee? (make sure you read the reviews before using it). |
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Some brief thoughts on this subject:
I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?
All those speculations compelelty depends on peoples instinct/intuition. Remember, the price depends highly on the current events. Most people makes those speculation based on just the events that is currently taking place or about to hold. Like, for the next halving, people are speculating that the price is going to increase. This is based on demand and supply fact. The fact that people believes this is going to happen, they will start investing on bitcoin, which in turns will cause further rising of the price. You can become an expert on speculating if you keep yourself always updated with the current event, but remember, never blindly just invest based on these speculations. |
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Why don't you just analyze your trading pattern and see what went wrong? Learn from your mistakes. See how you could have done better. Try to understand the market. The crypto market is not like your traditional stock market. They have no fixed patterns that you can follow. Analyze the market for deeply before you invest. This of your current loss as a price you paid for learning more. At least you now have some practical knowledge. Don't just give up. And yeah, I would suggest you to diversify your investment.
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