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On the contrary to the general trend of cryptocurrency market, Ripple always tried to work with regulated entities like banks or international currency exchange services worldwide. They have clients like Amex, Santander, Moneygram and even State Bank of India. So if I look from the business perspective, Ripple is going to do well in long run! So if you are planning to invest on ICOs, try Ripple instead.
On the other hand, Ripple owners keep on dumping huge number of coins to the market at certain interval to increase the supply. Just few weeks back, they have released coins worth 1.5 billion USD to the market. In future, they also have similar activities planned as well!
So decide accordingly!
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It will be round by round investments. Each round has own duration and profit goals. For now, I think about max 1 month and min 100% ROI. I wrote a script for choosing random coins (X) from the list of coins with mark cap >= 100m (Y). X is planned to be somewhere between 2 and 5 coins. I plan to distribute the budget evenly. The goal is to keep everything as simple as possible.
I appreciate any improvements and advice on my strategy.
I appreciate your courage mate! Please remember the golder rule of crypto trading - never invest anything that you can afford to loose! I hope you have kept a small budget for this experiment because it sounds really very risky! As per the current coinmarketcap data, it seems like you will have around 70 coins to choose from so it will be a big gamble because market cap data is often deceiving. I will rather suggest you to use daily volume. If you choose among coins with 100 million daily volume, it will narrow down to 40 coins only. It will reduce the risk factor drastically down. Think wisely! |
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Trading signal providers are proven scam. There are people who have also started providing managed portfolio services where they are offering to trade on your behalf and share a percentage of profit. My discord account is full with such non sense invitations. I don't know how people realls falls for such scams and then cry for loosing money!
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How to detect it and protect it?  How to detect: 1. Check resource allocation using task manager. Identify any unknown program using high resources. It's a manual process. 2. Buy a licensed version of nternet security package which contains anti virus, anti malware/spyware and live internet usage. It's automated and easy. Don't rely on free to download antivirus softwares How to protect: 1. Check point no 2 above. 2. Don't download random softwares from the web. 3. Strictly don't use any torrent related websites I think you will do just great if you follow these instructions. |
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I won't say partnerships are compulsory but it's a good to have parameter, especially with known and trusted brands. It certainly adds to the credibility factor of a fund raising project. ICO market in general, is facing a huge lack of credibility. So good partnership really matters to fill that gap which in turn helps to receive investments. However, it certainly doesn't mean that partnerships can save your investment in long run!
Hope this helps!
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One information error. Encash is not really a cryptocurrency of any sort. It's like a wallet which can hold your dirhams pretty much in a same way the bank hold fiat money. It neither uses a blockchain nor it is known as cryptocurrency. So they can be removed from the list. Also I doubt Encash is still operational!
Also looking at the list, you can't say the governments are positive about cryptoa. Because as you have rightly pointed out, these are just digital representation of the traditional currencies. It saves cost for the governments and provides them great insight on every transactions.
We will see more and more government joining this league in coming years. But that certainly doesn't mean that they are positive or bullish about cryptos.
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What you don't like, you don't need to eat. I absolutely support this statement. It is a far better proposition to distribute these seized bitcoin among the community of less privileged people. Or even donating such amount to global organizations who works for the betterment of the society. But US is just trying to fill up their own reserve. Another concern; will this going to bring down the current bullish of Bitcoin if executed? It entirely depends on the price of auction. If they auction the bitcoins as per the market price, we may see dumping. But it is highly unlikely to happen. Usually in such auctions, things are sold with a premium. If this happens, they we would not see dumping right at this point. So it depends! |
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The deal:The five-year deal, announced Monday by Vermont’s Agency of Agriculture, Food and Markets (VAAFM), is a production-ready solution for every level of the hemp trade, said Trace CEO Josh Decatur. Beginning in March, farmers and processors will begin putting all associated crop data into the Trace system, which runs on ethereum. How does it work?The two-year-old company, based in Vermont's capital Montpelier, has built an app users can share details through, and gas fees for conducting transactions are passed onto the users – in this case, the state government. Why it matters?It is one of the first times a state regulatory agency has decided to run with the ethereum mainnet. Practical adoption of crypto network in true sense! Reference: https://www.coindesk.com/vermont-turns-to-home-grown-blockchain-company-to-track-hemp-with-ethereumVoice your opinion!
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There are two ways to prove that Craig is Satoshi. 1. Satoshi must have access to the private keys of the earliest bitcoins that was mined and stored in a series of addresses that hold 50 bitcoins each. These bitcoins were never moved since then. If Craig is Satoshi, he must have access to these wallets and he can simply move a small amount from one of these addresses to a different address. Pretty simple! 2. Mark the below address. This adress holds the bitcoin's first ever mining reward which we call "genesis block". 12c6DSiU4Rq3P4ZxziKxzrL5LmMBrzjrJX Real Satoshi must have access to the private key of this wallet and he can simply sign a message to prove his real identity. If Craig can do it, we will undoubtedly call him as Satoshi Nakamoto. But Craig couldn't do any of these till date. So no one really believes his claim. The Binance CEO wrote about this already. See the link below, https://coingape.com/how-prove-identity-satoshi-nakamoto-cz-suggests/Hope this answers your question! |
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If the project will ask its holders of the token to copy-paste their private key in order to send tokens, would you look at this as a fair project that the team won't be looking into the private keys of its users? They even have a video tutorial on how to decrypt private key from the config file of their wallet that was installed in the phone. I'm not sure if this is something I would trust when private keys are suppose to be just for private.
Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?
There are two parts of the story. If this project has their own wallet where you can't keep any other cryptos, then it somewhat makes sense! They might be looking to validate something which you probably can check with their support team. However, if they are looking for your personal wallet's private key, steer clear out of this. It is a scam attempt! Hope this helps! |
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Hi Everyone! I wanted to see if anyone had an opinion on social trading in cryptocurrency. There are a number of different platforms which offer social trading. The one I would like to get your thoughts on is the one here: https://blog.shrimpy.io/blog/shrimpy-adds-social-portfolios-for-cryptoWhat do you guys think about this idea? I would love to hear your thoughts! I really like social trading, and I definitely would credit my strategy development and confidence to it. Being able to watch more experienced traders and how they tackle decision making helped me fine-tune my strategy. I still use eToro, and often watch other traders trade, because I always think there is something more to learn. It's great to know that you have made a good profit through socia trading. On the contrary, I have made losses in FBS. I tried to follow a hugely popular trader on FBS platform and lost $50 within few minutes. It seems they have issues with the allocation system where percentile factor wasn't followed properly. It was a really bad experience! Copy trading is definitely a good option for newbies to see and learn. But it's risky at times if the trader you follow decides to go all-in! |
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Is there a possibility that can dollar beat the value of gold?
I think you are looking for insights to invest. If we look for an investor's perspective, it is always better to invest in Gold rather than relying on a currency system which is prone to inflation, while gold is not! That literally means, the purchasing power of dollar will decrease over time. But the price of gold will adjust based on the inflation and demand-supply cycle. So Gold will always remain as a preferred destination for investors! |
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The OP has got it all wrong. If I have to go by his examples, then I must admit the POW is even bigger scheme for the riches to get even richer. To start a successful and profitable mining operation requires more money than start staking! Also for POW, the hardware needs to be replaced after few years of time which calls for an even bigger investment. But for POS, you don't loose ownership of your staked coins! There is only one similarity is that, both requires a good amount of initial investment to start.
Op, please think before writing! POW is costlier than POS which only riches can afford right at this moment!
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Just found this on facebook. Maybe we can get something from this. What's your thoughts?
Does the future of bitcoin be affected? Is this good or bad? Should we still invest in Bitcoin?
The theory is based on scarcity factor of demand supply chain! Halving means, the creation of bitcoin will be reduced by 50% at certain intervals. So you can understand what will happen when the demand stays strong but the supply is decreased. It is definitely good for bitcoin it will affect the future of bitcoin in a very positive way. If you want to know the history of bitcoin halving and how it takes place, read the article below, https://cointelegraph.com/explained/bitcoin-halving-explainedHope this helps! |
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At some point in time, people will use every day satoshis as a unit of currency in order to buy things like vegetables, groceries in general.
Satoshis will become the new money standard in people's daily life. Thanks to the scarce 21 million BTC as a maximum supply of this blockchain.
The more the whole bitcoin unit keeps expanding its price, the more value a satoshi also will have. We can see this happening already with some mining companies, crypto casinos, bitcoin faucets providing each week fewer satoshis as a reward, and also we see people working for satoshis, in order to increase their satoshis/bitcoin balance!
It sounds vastly unrealistic! If Satoshi value reaches to that level and if the world mass starts using bitcoin for their daily use - just imagine the number of transactions the network will have to handle! At the current state, bitcoin network is simply not capable of handling such volume! I am not being pessimistic here but realistically thinking the situation! |
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Its hard question for answering why Satoshi Nakamoto remains secretly. a hard question which few people in the whole world may know the Answers,
But What if the scenario is Bitcoin designed to control people economically where few people know how to control it and the system lets people benefit from it with false indications on price (Demand and supply), It will be Easily to control people when all people in the world will be involved in Bitcoin What are your Arguments? I am sure you don't know how bitcoin mining or network works in real life! If it was built to be controlled by few people, it wouldn't allow you and to buy a mining rig and start mining. Contrary to your argument, bitcoin is decentralized in every single aspect! If you can buy few mining rigs, you can immediately start mining bitcoin from your home! Can you print money at your home? Your argument is itself invalid! |
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Below is a simple illustration of the new tax regime. High income class people are the most effected one, it seems! However, people below 5 lakh/annum are enjoying the free income!  |
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I am rapidly losing my respect for Justin Sun. I don't understand what did he achieved by gifting $4 million to Warren Buffet. He essentially gifted this huge amount, to some of the most rabid opponents of Bitcoin. Mr. Buffet is never going to refuse the free money. He will just take the coins and then dump them in the market to convert them to fiat. And after that, as usual he will resume his tirade against cryptocurrency.
Very much possible! But I believe what Justin Sun did, can be termed as a great promotion of his own coin as well as bitcoin! Mr. Buffet was always a great critic of cryptos and we have seen him hurling negative comments about it in many public forums. Donating bitcoin and TRX to such a personality, is basically an attemp to associate his name with his least favorite things in life! It would clearly get media attention and also enjoys attentions from the similar kind of elite class investors. It's a clever marketing strategy that Justin executed precisely and cleaverly! |
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Hello! What's your opinion could BTC kill banking system? Bitcoin has an advantage over fiatbecause its amount is limited and it can't fall under inflation.Inflation usually is caused by monetary policies of our central banks. Bitcoin is free from inflation, governement control and high transaction fees.Banks can’t control BTC because it has no representative and is fully decentralized. That's why banks are afraid of BTC.
You have to understand one fact, bitcoin is not built to attack the good old banking system. Even though bitcoin has so many features which can potentially decrease the need of a banking system. But bitcoin is not certainly attacking the banking system. If banking system can't cope up with the changed need of the economy, it will itself go extinct! But fortunately or unfortunately, this is not the case happening now! If they remain unresponsive to the change, they will slowly loose their need of existence. But if they are open in accepting changes, they will grow even bigger! Just to add, Germany has decided to allow banks to store and manage cryptocurrency on their customer's behalf. That's what is needed worldwide, https://news.bitcoin.com/german-banks-authorized-to-store-and-sell-cryptocurrency-in-2020/There's nothing for anyone to afraid about other. It's just survival of the fittest! |
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