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This is purely some kind of provocation. Let first Russia adopt a loyal to the crypto-currency legislation. As far as I know, the situation in this respect is very bad there, both with the use of the crypto currency, and generally with the rights of citizens. If they are not going to introduce free use of crypto currency by citizens, what can be a union based on the crypto-currency. The article, both here and in exile, is intentionally written with general phrases. Nobody is the initiator of this association, nor where such association is registered, nothing concrete.
"The personal state platform." It generally sounds absurd, because this can not be. These words contradict each other. In general, some kind of rubbish.
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Most probably in this section are users that are interested mostly in Economics, so I want to know why Economics attracts you?
It's not that bitcoin was the first and not in its popularity. It's all about the still big capitalization of bitcoin. This allows him to dominate the price over all types of crypto currency. Therefore, many create the illusion that there is no point in investing in altcoyins, vseravno they will not grow in price without the rise in the price of bitcoin. However, the level of bitcoin capitalization is steadily falling: from 94 percent it has already fallen to 32. When he falls so much that he can not keep the prices of altcoys, for them it will be a real holiday. Then the crypto currency market will work fine. |
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Hello,
Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?
I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?
It's not that bitcoin was the first and not in its popularity. It's all about the still big capitalization of bitcoin. This allows him to dominate the price over all types of crypto currency. Therefore, many create the illusion that there is no point in investing in altcoyins, vseravno they will not grow in price without the rise in the price of bitcoin. However, the level of bitcoin capitalization is steadily falling: from 94 percent it has already fallen to 32. When he falls so much that he can not keep the prices of altcoys, for them it will be a real holiday. Then the crypto currency market will work fine. |
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I am going to be very honest here with you guys. I know some of you may antagonise or kick against my view. But I will still speak the truth as it is.
My major reason centered on the fact that there is no regulation for cryptocurrencies.
How can someone somewhere in the name of ICO project team, whom you don't even know, some without a verifiable office address, whose presence is just online and the internet, demand your sensitive information including your international passport, government issued ID, proof of your residential address, and other personal information or documents?
What if this person is just a scammer? What if this person works for maybe a terrorist organization who is just looking for real biodata or identities? What if this person is just a criminal looking for ways to fake his own identity and take upon yours or anyone else? What if your verified photograph (face) matching your identity is used in pornography or nudity? What if the data is accidentally leaked? My questions go on and on.
Remember, the cryptocurrency as it is currently has no regulation, as such there is no regulatory body or authority you can petition your grievances or seek redress should any of the aforementioned incidences happens to you as a result of the information you have forwarded. The ICO project team whom you sent your details can as well disappear without trace.
Therefore, as long as there is no Cryptocurrency Regulation, then there should be NO KYC.
I absolutely agree with that. Moreover, I believe that sending ICO to our request for our confidential data and copies of passports is not only dangerous, since they are fraudsters in about 80 percent of cases, but also because such a requirement for participants in the ICO generosity campaigns is illegal. We are not investors in ICO projects and therefore should not undergo such verification. Some ICO teams already agree with such arguments and conduct a KYC review only with respect to investors. |
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We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
No, I think that banks will never offer deposits in bitcoin. Such services for them will be very risky and at such a risk they will never go. Also, for the same reason, they will not give out loans in bitcoin. The only thing they will do is provide services for the exchange of crypto currency in fiat and fiat in the crypto currency. |
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Hackers now - this is one of the main problems for holders of crypto currency. If earlier they simply hacked various sites simply because of interest, then with the advent of the crypto currency, this acquired a significant mercenary interest, sometimes measured in tens of millions of dollars. Therefore, hacker attacks will only grow with time. This is also facilitated by the use of the Internet for these crimes. Hackers can be in any country and even move around in different countries, which greatly complicates their search, given the existing slow bureaucratic system of law enforcement.
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We all experience being financially challenged and we cannot deny that money makes us revolve around it. When we find ways to alleviate our financial suffering, we stand our ground and spend so much effort just to see the result and of course, benefit from it. Do you think that spending time and effort to gain bitcoins is a rational idea? Do you think that you could've been wasting your time? Let me know about your thoughts.
Bitcoin really does not need to spend a lot of time and effort. In the world of crypto currency, there are a lot of worthy coins and tokens, which by their technical characteristics far exceed bitcoin and deserve their attention much more than bitcoin, at least in its totality. And in general, do not forget that our life is not just a crypto currency. Everything in this life is needed in moderation. |
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Lets say crypto completely and utterly replaced fiat. Fiats don't exist anymore. All governments have seen the advantage of using digital currency and have completely changed their fiat into crypto, like dollar to dollar token(obviously not tether). How viable is this? For example anyone can see how much I am holding using the public ledger and track me down and force me into sending them the cryptos I hold. I wanna discuss in reality if cryptos actually replace fiat how life will be and what are the problems we are gonna face and the immediate effects of it.
This can not happen at all under any circumstances. States can not switch to the use of other people's virtual money, which in general will not have any binding to the economy of the country. It's impossible. Such a state simply will not be able to survive normally for several months. This is utterly absurd. |
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More than 50,000 U.S. merchants already accept bitcoin, and you may soon fall behind your competitors if you don’t have a plan for dealing with cryptocurrencies.
Over the short term, it means getting educated about the technology and adapting some business processes. Over the long term, it offers increased simplicity, greater efficiency and lower costs.
According to recent studies, only two percent of all individuals with crypto currency hold bitcoin. And 75 percent of Americans consider bitcoin a risky investment. This shows the general picture of US citizens' distrust of bitcoins, which is caused by the propaganda of certain state structures and banks. Therefore, it is unlikely that in the near future in the US bitcoin will be widely used in trade. |
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Earlier, it was reported that according to the findings of a special commission set up by the Government of India, the crypto currency can be used in the country as a means of payment. Now about the same information, only a little bit already in content, comes from the legislators. This is very good news for the introduction of crypto currency as a legal means of payment in India. It seems that in India soon the decentralized crypto currency will be parallel to money along with the national rupee.
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Ripple is a shitcoin as they say, I've heard alot of negative comments about Ripple, they say ripple is a scam coin because it's centralized and majority of the holders are from banks. What do you think? Should I trust Ripple?
Ripple is not a fraudulent coin. This is a coin that is quite necessary for the banking system, which brings great benefits in this sphere. Now this coin takes the third place in terms of capitalization and recently for some time bypassed it even ethereum. Therefore, you can invest in it. I read that in the near future it can be decentralized, and it can also introduce a platform with smart contracts. This will greatly increase its popularity. |
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To bitcoin began to be used as the main currency of the crypto-currency world, it is first necessary that it is generally normal and freely used as a crypto currency. I mean it was used as a means of payment. Now bitcoin is very poorly used as a means of payment, that is, it very poorly performs its basic function. Therefore, how can bitcoin be used as a global currency if it does not perform this function normally? Now there are so many coins that have instant transactions and almost free commission fees. So we will choose a coin for the role of a global currency by its name or by its functionality?
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When I am looking for a company to join as a participant in the ICO signature campaign, I pay special attention to the question of whether there is a ready product in such a company. If it exists, this already indicates that the company will not be fraudulent. In addition, the idea of the project becomes real and is realized. Therefore, the finished product is very important.
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Now we are already turning to the expectation of an increase in the crypto-currency market. Since the prices for the crypto currency are still quite low, it is still worthwhile to choose and, if possible, buy promising coins, such as ethereum, EOS, stellar and others of their choice. In the meantime, it would be nice to use the volatility of the crypto-currencies and try to bargain at the peaks of their prices.
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Do you think but coin will reach $25000 mark this year and go beyond that or will it be one more typical temporary pump followed by the dump? Need your opinion guy what would be the value of bitcoin by the end of this bull run.
If we proceed from the fact that in December last year the bitcoin price was pumped up to 20 000 dollars artificially, now it is necessary to consider that the price to such heights actually rises for the first time. Therefore, I do not think that he will rise very high in his price. It will be good if he rises to the previous rate of 20,000 dollars. In many respects, the price of bitcoin will be affected by events that will occur in autumn-winter. |
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So I basically got fomoed. Towards the end of 2017 I saw how high bitcoin skyrocketed and decided to invest in ripple as a test. Less than one week it went up 3x. This made me more ballsy and I put in 11k total in various other alt coins like ripple, ethos, tron, and cardano. After the crash I lost about half of my value just like that. I am frustrated with the experience and wish I would have just put in 1k or something. I wish I could just not invested and went into what I was doing earlier which was just investing the boring and traditional way. Should I wait and hodl or pull out and do something else?
You did it right, you just chose not a very suitable time for this. The coins you have mentioned are quite promising and therefore if you do not sell these coins for a while, then in time, when the crypto-currency market starts climbing again, you can get a pretty good profit. Just need to be patient and expect the market to rise. |
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they did this research, but why the Indian government does not regulate bitcoin, why is it so difficult for them to create laws that allow people to buy cryptos? because the central bank does not pronounce positively in relation to crypto? because the minister of finances does not pronounce positively in relation to cryptos? this is looking like a game to weary people psychologically... it is not so difficult, it would be enough if the government told the central bank to accept cryptos that everything would be fine. Politicians only pass laws that bring them some benefit and in countries where there is no good democracy it will be difficult for cryptos to be accepted
Governments are in no hurry and will not be in a hurry to legalize the currency. They do not need it. Decentralized crypto currency for them creates only one problem. This people expect it to be legalized. However, this news is very good, given that India is the second most populous country in the world after China. If the decision of this commission is fixed by the relevant government decision, it will be very good for the crypto currency. |
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Every country has an own regulation on payment when bitcoin is legalized to all country this is an alternative currency and will accept as payment.
If by legalize you mean that banks will have to make bitcoin an officially recognized means of payment, than I have a bad news for you, it will never happen  No central bank will allow itself to loose the control over currency of any given country. No government will agree to utilize and merge its finance with technology of unknown origin. Good news is that we, the people, can. Bottom-up initiative is way better anyway. Start to use crypto in transactions between friends and relatives, if you own a e-shop use it as well and voila, bitcoin accepted all over the place. States may well agree to allow the existence in their country of a decentralized crypto currency as a means of payment, but only as a parallel means along with their national money. This was recently pointed out directly in the decision of the European Parliament's Committee on Economic and Financial Affairs. At the same time, of course, the states will not actively support the decentralized crypto currency. They are really not interested in it, they will just let it go on its territory and no more. |
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The author does not believe in bitcoin and his future, but he willingly spends a lot of time on the forum devoted to it and bitcoin. It's strange, is not it?) I'm sure that bitcoin will please us repeatedly with its growth
But crypto-alyut is not just one bitcoin. Moreover, why not discuss the existing shortcomings of bitcoin and how to correct it, instead of constantly writing about various serious questions concerning bitcoin that bitcoin was and remains the first crypto currency, it is an eternal leader and other common phrases. Do you think that in such a miserable condition, bitcoin can really become a universally recognized global crypto currency for making various payments for goods and services, even if there is a developed infrastructure for this? Do you think that the bulk of bitcoin holders will give up the idea of earning on the growth of its rate? What is the solution? After all, the current situation is a deadlock for bitcoins. |
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If you now change the name bitcoin, this will introduce a very big mess. After all, most of the world's population know about crypto-currency more in the name of bitcoin. If bitcoin renamed, this would bring a lot of damage to the popularity of crypto currency. It is better to focus on the functionality of bitcoin, which he still weak, and not on his name.
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