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41  Alternate cryptocurrencies / Altcoin Discussion / Re: Exchange it or Hold it on: June 26, 2018, 10:20:11 AM
It is important to research on the project that you would be joining when deciding on whether or not you should hold or exchange right away. It is important to look at three aspects of a coin; understanding of an ICOs value, the team behind the company, and the interest of people in it. It would also be helpful to scan their white paper for more information and to be able to gain understanding on what they intend to build. By this, you may know if a certain coin has a potential to grow its value or not.
42  Alternate cryptocurrencies / Altcoin Discussion / Bitcoin Outside Top 10 in China's Crypto Rating on: June 25, 2018, 08:39:40 AM
Ethereum is now in second place behind EOS, the latter in the interim period seeing its beta launch and ongoing criticism over its technological stability and freezing of users’ funds.

Making up the rest of the top five assets meanwhile are another Chinese project, NEO, in third place, while fourth and fifth places go to Steller and Lisk respectively.

Bitcoin, down four places to 17th, fares hardly better than NEO, according to China, the latter sounding the alarm this week after uncovering a wallet vulnerability affecting all Android users of its day-old app.

Read more here: https://bitcoinist.com/eos-bitcoin-china-updated-crypto-ratings/

What do you guys think about China's rating?
43  Alternate cryptocurrencies / Altcoin Discussion / Re: Bounty Campaign are wastage of time? on: June 25, 2018, 08:33:26 AM
It would be helpful if you would try to know more about the project by reading the project whitepaper. It will help you to know what they are trying to build, what their goal is, and almost everything about their project. This information would help you know whether a certain bounty campaign is worth your time and effort. I think it is really important to do some research before joining so your time and efforts would not be wasted. Don't just join bounty campaigns randomly.
44  Bitcoin / Bitcoin Discussion / Re: Bitcoin will survive in "cashless society" ?? on: June 25, 2018, 01:16:01 AM
It is said now China is a "cashless society". Use of debit cards and credit cards on online & offline stores/shops, pay bills etc..

USA and UK/England are into use of credit cards and debit cards in a big way for online & offline stores/shops, pay bills etc..

Will Bitcoin survive in "cashless society" where money becomes digital/numbers ??

Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries"

Bitcoin may or may not be accepted by the majority of people in the future. While it is true that technology is at a rise today, not everyone is familiar with what Bitcoin is and how it works. Bitcoin will survive in a cashless society once the majority of people have accepted it, especially the governments. It is important that the government will recognize Bitcoin as a means of payment in order for it to retain its value, and for people to have less skepticism about it as well.
45  Alternate cryptocurrencies / Altcoin Discussion / Investing Smartly in ICOs on: June 24, 2018, 08:26:50 AM
Investing in ICOs is known to be more than a gamble, than an investment. However, even if it is considered to be a game of chance, you cannot just throw money and invest in different ICOs randomly. Before investing, it is important to look at three aspects of an ICO; understanding of an ICOs value, the team behind the company, and the interest of people in it. In addition, it is also important to make sure that the people behind the company are real people. Knowing their background and where they are located would be helpful as well. Moreover, hype regarding their ICO drops should also be taken into account, and as well as the number of people who follow them in different social media platforms. Lastly, it is also helpful to scan their white paper for more information and to be able to gain understanding on what they want to build.
46  Bitcoin / Press / Re: [2018-06-22] BTC falls 'nine percent' to LOWEST LEVEL in months on: June 23, 2018, 08:42:01 AM
The decline never ends. We are not seeing the light at the end of the tunnel. In fact, these levels are very suitable for buying, but who will, that's the question. The new investor will certainly be afraid. It's not nice, but I still keep my faith.

The price is not favorable for new investors, and especially for those who just entered last decmber 2017. Buying right now at this current price is great for those who now and believe that the price will eventually rise. There are those who even believe that bitcoin will have an all ATH this year like never before possibly by the end of the year. There are still many investors who are firm and believe that bitcoin is still a good investment even if the price has gone so low.
47  Economy / Economics / Re: Low BTC price is good for Bitcoins at the moment. on: June 23, 2018, 02:03:51 AM
Bitcoin prices may be low right now and people could have different perspectives. Some people would see it as a chance to invest in it. However, some would still be skeptical about it. Most people would believe that the price of bitcoin would be continuously falling down and will never go up again. It is better if people would do their research first before investing instead of depending on the price falls on whether or not they should invest.
48  Economy / Economics / Re: Cryptocurrency is a trending topic all over the world? on: June 22, 2018, 10:30:40 AM
Everywhere you can find cryptocurrency topic especially ICO projects are doing well on the marketing through social media like facebook, twitter, reddit, linked, youtube and etc. Celebrities, influential individuals and high ranking government officials are talking about cryptocurrency and that is why i think cryptocurrency is a trending topic all over the world. Do you agree with me? Even haters help cryptocurrency to be known all over the world so let just leave the haters then.

Well, I do agree with you, but SEC, and companies like facebook and google, are definitely trying to change that. We already know that google twitter and facebook banned crypto adds, trying to make it harder for new projects to reach global population. Recently John McAfee also said that he would not advertise ICOs again, because of SEC threats, so I guess this will extend to more celebrities that were endorsing ICOs.

I don't think this is a big deal though, because most people already know crytpo anyway, but in the long run it can diminish crytpo popularity.

Even while these companies have already banned crypto ads, you can still see them almost anywhere with social media. It’s also still being talked about by many so it’s still a hot topic while there are still those who are oblivious to crypto. ICOs may no longer be advertised as much but information about crypto should be disseminated more so that the public are well informed.
49  Bitcoin / Bitcoin Discussion / Re: Reason why bitcoin won't last long (which are you afraid of?) on: June 22, 2018, 06:23:13 AM
After surfing through the good side of BItcoin I was asked to give reasons why bitcoin won't last by a friend I searched through the web and found the following

1: Exposure to Bitcoin-Specific Scams and Fraud.
2: Black Market Activity May Damage Reputation and Usefulness.
3: Susceptible to High Price Volatility.
4: No Chargebacks or Refunds.
5: Potential to Be Replaced by Superior Cryptocurrency.
6:Environmental Ills of Bitcoin Mining.
7: Bitcoins Are Not Widely Accepted.
8: Wallets Can Be Lost.
9: Risk of Unknown Technical Flaws
10: No Physical Form

Guess what non of those mentioned above was big enough to discourage my friend from joining Cryptocurrency (buying bitcoin).

Which of the following disadvantages are you afraid of and how do you think it can be resolved


Another reason why bitcoin would not last is that mining setups   be a lot more expensive in the future. This may lead bitcoin to crash since people would not be interested in mining or even investing in it due to lack of resources. One way to solve this is that if people could actually find an alternative mining setups that would have lesser cost but with better efficiencies.
50  Alternate cryptocurrencies / Altcoin Discussion / Re: How risky to invest in cryptocurrency? on: June 21, 2018, 11:20:51 AM
How risky for beginner to invest in cryptocurrency? What kind of risk factor and what are the precautions?

For beginners, it is risky because they still have little knowledge about the reliable websites and campaigns to join to. They are highly at risk when it comes to scammers. Also if they don't know the analysis of the values, they might end up investing at a bad time. The least they can do is to ask the ones who already joined in crypto and have already a long time experience. Also, search as much as possible about crypto related topics like how the system works and how to see if the websites you join to is reliable and trustworthy.

I agree with this. Newbies could face a lot of risk factors especially in investing. Beginners should be able to research as much as possible on the coin they are eyeing to invest on. Additionally, they must also be able to know how investing works, to know the right time to invest and to decide on whether they would do short-term or long-term holding. Joining in forums such a this would be a big help to gain information regarding investing in cryptocurrencies.
51  Bitcoin / Bitcoin Discussion / Re: Why is Bitcoin difficult to understand? on: June 21, 2018, 06:46:32 AM
Bitcoin is definitely not for everyone. Bitcoin is kind of hard to explain to people who are not inclined to technology, especially old people. Not to generalize, but people who are not into technology may also not be interested in studying bitcoin. It’s hard to explain anything to someone who is not really interested. Some people also have negative views regarding bitcoin which makes them skeptical about it. Bitcoin is not hard to understand, I think it depends on the interest of the person to understand it.
52  Economy / Economics / Re: When the government forbids cryptocurrency on: June 20, 2018, 04:11:49 PM
When the government forbids cryptocurrency

In my country, the government is gradually apply internet and cryptocurrency control decrees. Previously, they banned direct Bitcoin transactions. Currently, they are banning crypto-related bank transfers. And of course, ICOS is also gradually banned .
Initially, they said they would not ban crypto and bitcoin. But now their actions show that they do not want crypto to exist.
Is their purpose not to secure crypto investors? They are trying to make it their own
They see huge profits being lost for themselves
And when the internet management program took place in my country, maybe I could not come up here to share my views like this. So sad


May I know which country you are from? It seems like a violation of basic human rights! But yes, a lot of governments are well known for doing so. However, it is very very hard to completely ban crypto by any particular government by implementing network limitation infrastructure. There are ways to bypass those security measures and a tech-savy person will know how to do it.

In India, the government banned porn websites few years back. However, they lifted the ban after facing huge protest. But tech savy youth didn't say a word because they knew how to bypass that. It's not easy to ban crypto. Governments can try but eventually they will have to accept the fact that it is uncontrollable.  

Then it's possible that the same will happen when there is a crypto ban since there should be many users who will be enraged by the ban. In China, numerous websites are blocked yet in can be surpassed by VPNs. The same may be done in crypto bans or any other restriction in the internet. The government can't do much and has no total control over the internet unless they choose to totally eradicate it in their country which is highly unlikely as well.
53  Economy / Economics / Re: its not about how much you invested, its when you should invest? on: June 19, 2018, 04:08:07 PM
How much you invest and when you invest both matter in getting a return. Choosing when to invest, however, in my opinion is more important than thinking about how much to invest.  Before investing, one must study the charts of the value of bitcoin. It is also important to know about the factors that causes the increase or decrease of its value, so a little research would help. Yes, the price of bitcoin is very volatile but I think that getting trends and patterns from its price chart and reading news/articles could help you a lot to predict your profit. I think in deciding on how much to invest, it really depends on the resources that a person has.
54  Alternate cryptocurrencies / Speculation (Altcoins) / Re: is buying new listed coin profitable? on: June 19, 2018, 09:21:57 AM
Some newly listed coins do increase its value over time. However, some coins’ values also go down. It is very important to research on the certain coin you are planning to invest in to know if it has the potential to grow. Almost all investments are a gamble and a risk, that is why it is important to research and read in order to have a higher chance to have a profit in the future.
55  Economy / Trading Discussion / Re: Why Never Sell At A Loss Is A Terrible Advice on: June 18, 2018, 01:21:04 PM
The advice of never sell at a loss is simplistic at best, completely outright stupid at worst. Once you own a coin the price you bought at is completely irrelevant, all that matters is your expectation for the price. If you think it will go down, sell. If you think it will go up, hold.

You're right. It is simply figuring out that if the price went down after you bought it then it would mean your decision to buy it was wrong so its time to accept it and sell it at a loss if it reach the price you are comfortable selling with. The problem with some traders especially newbies is that they keep holding on hoping for a bounce and then if the price is too low already like half of the value is left and they see another trading opportunity then that's the time they sell it and buy another coin.

The cycle would be never-ending unless you learn from your mistake and have a trading plan next time or until such time the trader's capital is already exhausted if he would not learn from his mistake always chasing trades.

This advice may have been appropriate for those who panic sell. There are those who sell the moment they see red and the price has gone down even for just a little and sell even when they’re at a loss. It may have been good advise for people like them because most of the time the market goes up again and recovers just after the price has gone down. Those who have mistakenly sold at a loss out of panic must have given out this kind of advice.
56  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Bounty is like a Box Chocolate on: June 18, 2018, 05:53:19 AM
While it is true that you can never know what you can get from bounties, it is also recommended for you to research on the project at hand. It is also important to know the potential of a certain token before actually joining bounty campaigns. Not all bounties pay the amount they have promised to. Researching about the project will help you ensure that your time and effort would not be wasted, and to get the pay that you want.  
57  Economy / Economics / Re: it is possible fiat currency will crashed? on: June 17, 2018, 05:38:27 PM
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
Of course no. This question is doesn't make any sense. Fiat currency will not be crash. That is very impossible. Event though the digital currency is now becoming popular, there is no such a extreme power that the digital currency has to surpass the fiat currency.

I agree to this. It would be hard for cryptocurrencies to completely replace fiat inthe future. Firstly because fiat is the most known medium in trading anywhere, by anyone. Its system and how it works  is already embedded in the minds of the people, and are already used to it. On the other hand, cryptocurrency is definitely not for everyone. It is hard to learn even its basics, and not all people would actually be interested in it. Even if new technologies and developmemts are being introduced to the world of crypto nowadays, I think it would still be hard for it to completely replace fiat.
58  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is it the best time to invest on ETH on: June 17, 2018, 06:01:39 AM
I think the best time to invest in ETH has already passed. However, I think it is better to buy ETH now than later since ETH can go big anytime. The price is still not that high as of now, and it is also still stable. ETH has a very big potential to actually surpass the value of bitcoin, in my opinion.
59  Alternate cryptocurrencies / Altcoin Discussion / Re: How risky to invest in cryptocurrency? on: June 16, 2018, 11:14:48 AM
How risky for beginner to invest in cryptocurrency? What kind of risk factor and what are the precautions?

For beginners, it is risky because they still have little knowledge about the reliable websites and campaigns to join to. They are highly at risk when it comes to scammers. Also if they don't know the analysis of the values, they might end up investing at a bad time. The least they can do is to ask the ones who already joined in crypto and have already a long time experience. Also, search as much as possible about crypto related topics like how the system works and how to see if the websites you join to is reliable and trustworthy.

I agree to this. It is really important to learn more about the basics of cryptocurrency before investing in it. There are also a lot of people who abuse their power and scam people. That is why it is VERY important to also read and learn about the certain coin/token you will be investing in. This will also help you to determine if the coin has a potential to grow its value and if you can earn profit from it.
60  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency courses, thoughts? on: June 15, 2018, 07:09:24 AM
I haven’t but I would be interested in enrolling. If there were crypto related courses in my school, I would have most probably enroll in it. It’s good that courses like these are available nowadays. Education and information about crypto should spread since there are still many who do not know about this. There are also those who misunderstand so courses like this should clear out the doubts about it.
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