it wouldn't revive the economy fast but at least we get to have a headstart at least. i actually think this new normal will really be the new normal forever. there won't be anything like vaccine but just government control that is more important here. there ill always be curfew and everything that restrict us from doing what we could do before the virus. the lockdown cleaned the air in our cities, we can now clearly see the city across the the sea which is just few kilometers. before the virus the city is covered with haze. the one thing this virus did good is making the atmosphere and environment cleaner.  that a good new normal to me. |
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FIAT being in existence years before crypto is supposed to be used more in money laundering comparatively, such comparisons should be made from when Bitcoin was invented till present and not otherwise. By the way nice article OP, atleast we can use this to prove a point for those who always associate crypto to scams / money laundering, and claim crypto will never be acceptable mainstream due to this mishap.
there are more ways to make fiat more untraceable than BTC which is why its easy to use them in laundering. a blood money with just made up receipts of a made up business, it could already come out clean and taxable. its like money out of thin air. no mining done nor blockchain trail. its harder to do it in crypto because everything is recorded on the ledger. if anything the authorities can freeze your account. ETH wallet can even be frozen which is a lot easier for authorities to stop transactions. |
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his account was also compromized? lol jesus whos account is safe in twitter? Tweet removed. But it was definitely from his account. I blocked the wallet to prevent anyone silly enough to think he'd actually do anything like it. Quite the high profile account to get hacked though.  its definitely not elon's tweet. it simply just contradicts to his claim that he only has 0.25 BTC in his wallet so this tweet is just not coming from him. anyone from crypto who followed elon knew about it. they should also target actors because that will really be making more exposure to BTC. this isn't a hacker but a degenerate scammer just tweeting to double is an old trick that old dogs kept reusing. |
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Peter Schiff did his best to recover his password too. he risked his life doing it.  they put their hopes to BTC since they can't find it anywhere. having a regular day job in a factory won't likely give anyone a retirement funds unlike having a bitcoin. when they see some articles speculating BTC to reach $1M because john macaffee said so, it gives a sense of hope that owning just 0.5 BTC will meant $500K. that amount is financial freedom and they will hold it to get a good life. |
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What would the price be if an Economic Crisis occurred?
Bitcoin was launched 2009 and we have not witnessed many economic disasters except that occurred recently when CovID-19 pandemic was announced.
We realized that if there is an Economic Crisis and people lose their jobs, people will buy coins to put food on the table. They will not think about investing but will have enough money to save.
The price increased spectacularly from early 2016 to the end of 2017, the same saw the stock market and S&P500 improve by 50%.
I think we are already past that now, it's only a matter of time, before we get the vaccine ready and countries can now trace and quarantine people who are infected, so we are fighting the virus EFFECTIVELY in a year's time this pandemic will be over hope everyone is are safe wehn the vaccine is ready. i have read about vaccines being tested already, its a good news. once its release businesses like travel and tours will probably resume too. i miss long drive. economy will run again and i guess the crisis will not come to ruin what it all. there were many countries racing to come up with vaccines, if its cheaper the easier it would be for people to acquire treatment. we can't afford already to prolong the lockdown, we need to work and make money already. |
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I think people would be a little bit more open to risk or would be a lot more closed to risks when using someone else's funds depending what type of person you are. If you are a person who cares about that other person whose funds you are dealing with and you want to make sure they get the most money they can but more importantly do not lose money, you would be closed to risks and you would want to do it right by them and care about them.
If you do not care about the other person you would do a lot of risky stuff and that means if you are working on commission but you are not losing money yourself, you would risk a lot of money to make a bit so that you could get a share of it, if not the worst would be someone else losing money. It all depends on the person who is doing the trading and their relation with the owner of the money.
its necessary to pick a good reputable assets manager to avoid loss. i'm not sure if there are something like this in crypto but there is already a copy trading which anyone can do already. there is no need for someone to entrust their money to trade it for them. an assets manager who loses funds result to scam accusation. there were several instances that assets manager loses money and accused as fraud by their clients. |
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users who are not from this community yet are unaware of scams like giveaways and they are new to crypto. they rely to people they know who give them advice. i have a sister who suddenly was interested to BTC when someone introduced him to a famous online payment system in our country.
from then on i already guide her not to invest to doublers, avoid giveaways and no clicking links form emails are advised as well. these are just very simple advise to those people to avoid but some of the still fall for these.
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its just twitter that's been hacked though. still there are users who send BTC to them. with just that tweet they collected almost 6BTC already.
its easy to believe it because its binance twitter. if it was just random influencer, people wouldn't send any btc to them but its binance account that got hacked. i tried visiting the link but its not loading, probably taken down already?
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its not that the team didn't listen, they are just part of the scam that these exchanges are plotting.
exchanges like, latoken, vindax and p2pb2b are well associated with scam projects and if the team still engage to them it only means they are also up to something fishy. there are few exceptions but majority of them as we can see are just garbage. blockburn is just one that really sticks in my mind everytime IEO scam is the topic. it literally burned investors because i did try to ride the pump while they did a bounty campaign but just before the campaign end, it just pop.
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a person with good morale and judgement can turn stupid in minutes after having a wallet with more than $1M so entrusting BTC to someone that he would give it to your kid or wife may not be a good idea. hard to trust 3rd party to do that even if there is a eye biometrics system that only your kid or wife's eye can unlock the BTC. one thing that you might just have to do before dying is to train any of your kid who is interested to learn all the stuff.
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orchid is on coinbase. i noticed it spike few times already. I didn't know anything about the project though. how did nokol.net categories them to be promising?
everipedia is on EOS network that had recently pumped as well. the project had been developed well but its not getting attention to investors. i think it has the potential to go up but i'm not sure if the tokens does have a good usecase.
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The real well factors i accepting a good project in larger partnership with high popular exchange then it's sup chance for successful IEO. I believe unpopular exchange couldn't top services because there low numbers investors area. For token value appreciation it will manage dev team if their have demanding supply.
In every situation we have to care about all new projects. "Thorecoin" this coin gives a good return on investment but checks volume and exchange. Cryptocurrency is a very mysterious market. Maximum supply, Advisors and unpopular partnership also helps a project to grow up. I think we should check what is offered by new projects. that is because every time there is a new project which its usecase is more sensible than the previous one, people starts dumping their current investment to move to the new ones. developers trying to make demands for their tokens by adjusting the minimum staking collateral is just not working to make investors buy. same with partnership announcement, it only makes investors think the team is lying while they get impatient while their eyes opening to see what really is going on. |
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1. Advisors
Honestly it's been vain all along choosing projects become of an advisor, popular or not it doesn't matter anymore, what matters is the real use case of the project
2. Analysts
I've know analysts to be not very good with their predictions, the fact that crypto remains unpredictable means that analyst are useless
gone are the days when john mcafee says a word about the project and everybody seem to cram buying the tokens. its never working anymore because investors are all fed up about the projects that doesn't really make them rich. since the beginning of 2018 the investors are scratching their heads thinking why they put money to a crap project that wasn't even listed to a scam exchange. |
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no denying of Defi hype projects, its the one that will likely make cryptcurrency bloom amidst the pandemic. one project that's been full of controversy because Justin Sun himself fud about it was Oikos.cash and just today its officially on CMC https://coinmarketcap.com/currencies/oikos/ anyone can stake OKS and mint sUSD to get rewards. price starts to climb once again! |
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new projects are coming up to find their spot on top 10 and if LTC can't maintain the position it will be replaced by the new ones like CRO. EOS and TRON will likely outrank the ones on top. its cryptocurrency's the circle of life, the old ones are going to get older without even stepping up in the top 10 and some that had been on top 10 are going to be replaced by a better coin.
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bitcoin stands even in the height of pandemic, it will definitely stand in the end.
the only that you'd worry though is if the price will also go up because coronavirus seem not really slowing down and there is nothing we can do until it goes away. the pandemic makes us afraid to spend anything as investment. unless BTC will suddenly grow and everyone adopting it then we'd probably see newcomers from other markets joining the rally.
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So many negative report of vindax exchange,what baffles me the most is why would developers list on such exchanges that have so much negative report already,most times,this type of exchange ends up killing a good product, also since we know it's scam,why would you people still go there to trade? I think you should stay off the exchange to avoid some kind of stress.
And despite these warnings many members will eventually sink into this shitholes dug by these scammers. I was once attempted to get myself into this mess until my instincts told me not to try such as scammers were found with similar attitudes like this. Greediness is the bad side of life and mostly a negative side effect to man growth. investors and bounty hunters will be disappointed if the token will not be listed to any exchange at the time when they demand a market. if the bounty hunters will keep shouting we want the token to listed in an exchange and the team explains to just wait for it. the team can only find a exchange cheap enough to provide like vindax. since the exchange also allow users to withdraw their funds going to their personal wallet then vindax is considerable until it doesn't satisfy someone they can then accuse of scam. |
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i'm using sportsbet to just bet weekly not really a big roller but I kept almost 2ETH there that I login using my phone. it does serve as an online wallet for me because its just there that i can withdraw anytime. its risky to put it there but i can bet anytime whenever winning opportunity comes. i lost some bets during the UFC251 but that sportsbet wallet serves 2 purpose, one is for betting and just an online wallet.
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3.5 BTC is a huge amount. sorry for the loss.
damn its just a very unforgiving world. you lost it all and you don't have anyone to turn to but the forum. this is why i don't trust any emails i got and would rather research first who else got some message same as what i got. you'd have to be very vigilant when it comes to crypto that even the emails from the exchanges you signedup might not really be from them at all.
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OP says he is good at what he's doing, i guess he is also prepared to taking risk after all its his friend's money that he'd be trading. when you start to become confident with your skills, it usually mean you really are good at it. you can make a living out of it being a fund manager. its risky but probably profitable. there are people doing it which is why they are showing portfolios on tradingview.
i personally doesn't like the idea of trading someone else funds but i would rather suggest to a friend to learn trading himself. not gonna burden myself.
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