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They will follow the same fate of bitcoin. That is, they will also start dropping very badly. If the price of bitcoin starts to drop due to negative rumors, the price of alt coin will also start to drop since people will start to cash out everything to avoid any further loss. This dump will cause further dumping as people will start to panic as they watch the price fall. This doesn't end here. Now since the price of bitcoin is at the bottom, people will now invest on bitcoin, thus they start to sell their altcoin and invest everything on btc thus causing the price of altcoin to further dive down.
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The world economy keeps crashing with many incidence of inflation. What is happening at the moment is a clear indication of a world that has failed the minority. Although the underdeveloped countries could partly be blamed for the high inflation that exists in their respective economies. Would things turn around for good if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?
The whole text sounds really hilarious. Do you really have any clue about how a country's economy actually work? You are saying the world economy is crashing due to inflation? As far as I am aware, only few countries are suffering from extreme inflation that is causing their economic growth to struggle down. How and what is your reason of partly blaming underdeveloped countries for high inflation? So you are saying, without exporting anything a country can develop and get rid of inflation? -> LOL. |
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I have been wondering since I join bitcoin and ethereum trading. Is there a regulatory body for bitcoin price? If there is none, what are the factor responsible for both the bull run and the bear market.
No, there are no regulatory body for bitcoin or ethereum. If they did exist, the said crypto currencies would no longer be a decentralized currency. The main factors that decide the price of the coins are us and the coins. By "us" and the "coins", I mean the demand for the coins and the supply for the coin. Bull run takes place when the price of the coin starts to rise rapidly due to high demand (because of some specific event or for no reason) and bear market takes place when the supply increases rapidly more than the demand. It happens randomly with no one deciding if a bear or a bull run will take place. |
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Hello traders. 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.
Part of things you said here is true, but you seem to misunderstand the concept of inflation. Inflation is not only caused because of monetary policies or money supply. There are various reason because of which inflation can take place. Inflation is not just always about the money circulation. If a countries aggregate demand (total demand of all goods inside the country) increases at a very fast pace, inflation can take place. Try google demand pull and cost push effect (some primary cause of inflation). Again, remember, having a zero inflation is actually a very bad thing and is a sign a country struggling to grow economically. |
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Hey. Yesterday I read an article about banks that began to use blockchain and there was pretty impressive list. They're also described successful cases of using blockchain in banks (if you're interested - here's the article), so I may assume that using blockchain in bank's system is only a matter of time (and money, of course). Now, the question: why it takes THAT long the smaller banks to go the same way and start using the blockchain? Because smaller banks don't want to risk anything. They are already considered "small", so any wrong move made by them might end up being disastrous and chaotic for them. Moreover, it is easy to say than to do it. They might need to change the whole infrastructure of their banking system if they will want to implement the blockchain technology. They will have to spend a lot which won't actually be possible by them. |
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The crypto gambling sites are helping more people (especially the gamblers) know about crypto currencies. They are introducing gamblers to the world of crypto currencies. After gambling with crypto coins, there are high chances that they will keep a percent of their winnings as crypto for further investment. This further investment will eventually lead them to use it as a regular currency slowly thus helping in adoption of the crypto system.
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Never heard of whitebit exchange. Looks like a new exchange so better use it with caution. Why use a new exchange while there are many well known and old exchanges out there? About them storing 96% of the assets in cold storage, I think most of the exchanges does the same thing. Still be careful when storing your coins in that exchange. You might lose everything if they get hacked.
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Many people do not understand offer and demand, how it really works. If all bounty hunters would like to sell all their tokens (2% of total supply) it is a huge selling pressure. If there are not enough buyers, price is going down until encounters buy orders. And as you can guess, noone wants to buy ICO coins just after the ICO sale because those who wanted buy, they already bought.  Your point of view?  Or they understand the supply demand very well and knows that as soon as the token is listed on a market, there will be an increase of supply thus causing the price to drop. So in order not to face such loss or to maximize their profit, they try to dump their tokens as soon as possible. As the token starts to spread out among different people, they start buying it back at cheaper price with the hope of the price rising back to normal or higher than what they have bought it for. |
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There are some people gamble and lose. if you ask them why do you gamble? They will answer you "just for fun"
They know they are loser in long term and no strategy works, but continue to gamble for fun.
How can enjoy something that you know you will lose? Is losing money really enjoyable? Isn't there any other entertainment you can enjoy?
I think these people are still hopeful of winning back previous losses or they are addicted. Gambling cannot be just for fun. There are many free games too.
Those who don't care are the ones who are really rich. And its okay to lose as long as you enjoy it, does not affect your life and you don't become an addict and try chasing your loss. Losing for them is like paying for having fun. Relate this form of gambling to watching a live show. You pay to watch that show and you enjoy it. Similarly, you pay to have have fun with some dice and card games. If they win, they consider this as a bonus or a reward. |
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No one knows how many years it is going to take for people to completely adopt bitcoin or other crypto currencies. In fact, crypto currencies might become absurd if something better comes out and replaces it. But I can assure you, we are slowly adopting bitcoin and the usage of crypto currencies. Look at how many online shops are popping up that accepts bitcoin. See how people are using the blockchain technology to develop new project which are helping us in numerous ways. The process of adoption is slow but noteworthy.
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The crypto space is not very noob friendly: bitcoin and blockchain are complex daunting topics; cryptocurrencies themselves are not very user-friendly; and the cryptocurrency space has gathered a bad reputation for being filled with scams. A small mistake sending coins from your wallet can cause you to lose your money and ruin your experience. So, while everyone has heard about blockchain and bitcoin, people are not only unsure how to get started, they are also faced with these high barriers to entry.
-snip-
I beg to differ. The crypto space is actually very noob friendly. Bitcoin and blockchain, both of them are not as complex as you think. The basics are very simple. You don't need to know in depth to how the technology works in order to use it. Using bitcoin is the same as using paypal. You need to make a payment? Just enter the wallet address of the user instead of his email address like you would when making a payment with paypal. Our computer is a very complex instrument. But as long as we know the basics we will be able to operate it. We don't need to know how it works in order to operate it. The same thing goes for bitcoin. You don't need to know how it works to use it. |
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Following 10 years of presence, the subject of whether the mass reception of digital currency has been begun is still bantered in the space. I would like to ask specialists in the crypto and blockchain businesses is there or have there be any huge crypto mass adoption compare to 10years ago?
Digital currency and crypto currency aren't the same. Crypto currencies maybe considered as a form of digital currencies but they are huge difference between them. Like Paypal balance is a digital currency and bitcoin is a crypto currency. Relate the two examples and you will see how they are different. Mass adoption is actually growing. If you look back 6/7 years ago, people rarely talked about crypto currencies. But look at it now. It is always on the media spotlight. Different projects are arising based on the blockchain technology. This is just a hint that people are actually adopting it slowly. |
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Hey!
How do you take preventive measures to avoid getting your cryptocurrency stolen or hacked? I read news about Bitpoint and Binance hack and it seems while exchanges are definitely are at risk of getting hacked, no doubt. But how do the crypto holders protect from hackers?
Do you use any special tools?
The special tool is your "brain". Don't act stupid and you will be fine. Don't fall for offers that sound too good to be true. Remember, no one is going to give you free stuffs for no reason. Be careful when browsing the internet. Make sure you download from legitimate sources when you have to download anything. Avoid pirated stuffs (at least avoid those from unknown crackers). Keep your computer clean and never share your passwords or any other sensitive information (like private keys and stuffs) with anyone. Oh and never store coins in an exchange. No matter how much they claim they are secure, they are always prone to hacks. |
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Most folks do believe that the market is been controlled by whales while some don't. some believed that nobody controlled the market.
My question is simple. just like newbies and novices got rekt and burnt in the market, DO Whales got burnt, Rekt or funds got liquidate in this crypto market.?
i think Nobody controls this market.
It is a little bit hard to understand what you are trying to say. But, let me try. Correct me if I am wrong, all you are trying to say is that do whales also make loss like a normal person or a trader does? If that is the question, then the answer is yes. Even whales have a high chance of making loss. The whales do take risks like us. When a market change is taking place, another whale might take advantage of it and this might put some whales in a dangerous position if they don't act properly. For example, if a whale is manipulating the market buy causing a huge dip in the market, another whale might take advantage of it and buy coins cheap before the original whale gets to buy back his coins in cheaper price. |
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A government can't just jump in and make bitcoin transactions illegal. This would just show how incompetent the government is. But yeah, there are countries that have made bitcoin transaction or other crypto currency transaction illegal though if you look deep, you will notice most of those governments are the most corrupted ones in the world.
The Government knows the potential of bitcoin but they also know the dangers behind it. Banning bitcoin transaction because of those dangers is not a solution for them. It is like suggesting to chop off the head if someone is suffering from bad headaches.
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Interesting list, but I wonder based on what that list has been made or how those data were collected. Anyways, you can't compare which country is rich based on personal savings. The personal savings of a country depends on various factors such as interest rates, future expected profit, future inflation and other tons of other stuffs. If people see that there is an opportunity to make some good profit due to some reason or event taking place, people won't be keeping their money in the bank. They would rather start investing in order to maximized their future profit. So a country with good economy might also have a low personal savings. Remember though, this low savings will eventually reach equilibrium in the long run. |
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Bitcoin, the crypto currency, has become huge in popularity over the recent years.
One of the main features i like about bitcoins is its transactions are anonymous. But that makes me wonder if a time will come when it will be banned worlwide. It has started in many countries.
Banning bitcoin is completely impossible. A country may ban the usage of bitcoin, but the can never ban the coin itself. Look at those torrent sites were pirated and cracked versions of software, music, videos, movies etc are found. They still exists and the world couldn't even ban torrenting even though the tried hard and is still trying. Thats the same case with crypto currencies. Even if the government tries to ban bitcoin, they won't succeed. Again, countries that have completely banned bitcoin are the once that are corrupted and underdeveloped. |
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Have you ever been scammed and what do you think should be done to prevent scams in the future?
Fortunately, as far as i remember, I only got scammed twice online. The amounts weren't big, so I didn't care much and blindly did a transaction (I shouldn't have. All I did was just encourage the scammer). The second scam was unexpected. I got scammed by a person who I have trading for months without any problem, but then the user went rouge all of a sudden. Scams can be prevented very easily. All you have to do is be careful and before spending your money on that site, you have to make sure the site is legit. Just a quick google search will help you understand the stance of the site. If its a new site, just be cautious and don't risk out huge sum of money. Good article by the way. Well written! |
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I know this is some stupid fantasy thing but it really is interesting. Time travelling will cause you to create an alternative timeline where things will be quite different. Even if an alternative timeline isn't created, altering anything in the past will cause significant change in the future. The current price of bitcoin is as it is now because of the events that have taken place in the past. Now if you time travel and buy all those bitcoins, you will be stopping those "important" event that was supposed to take place thus causing an unexpected change of the present.
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I am new to forums so I really don't know which board this type of post needs to go in so please forgive me if this is in the wrong place. I have also only been involved with cryptocurrency for the last 10 months.
I have an account with Coinbase and until recently I have had no problems or issues with depositing or withdrawing USD to or from my bank account to or from my Coinbase USD wallet. But now I have been restricted for some reason and Coinbase will not tell me why so that I can fix the issue. Coinbase support will not help me so that's why I am turning to a forum to see if there is anything that I can do to buy bitcoin. I have also tried to do the same with other cryptocurrency companies but they also have restricted me from transferring money from my bank account to any wallet so, therefore, I cannot buy bitcoin. I also don't want to use P2P sites to buy bitcoin because I have had friends that have been robbed even from people with 100% ratings and high volume. I don't know where to go or what to do to buy bitcoin. Any suggestions anyone?
This sounds like an issue with your bank. They are probably placing those restrictions. Have you tried contacting your bank? If it was coinbase or the other crypto currencies company, they would have been able to help you easily. Why would someone with 100% rating scam? Were those legit ratings or bots? |
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