The 2016/17 bull run was just for about 9month and it hit around $20k, I never thought it will end so soon then,while I was still strategizing on how to get the best of it, the time was up, it was like a movie as it was sliding down gradually,hoping it will rise till today, the few project campaign I participate in then were just what payed me well, few of them dropped their token which I never touched till today because they have so much lost value, now as the bull run commences,let's say it runs for a year, how many project campaign do you plan to cover within the period?
When you mean by 'project campaign', are you referring to tokens/bounty programs? I do not usually engage myself in participating into bounty projects as I wanted to focus solely on accumulating as much bitcoin as possible but it may be a good alternative in the coming bullish market to purchase some tokens. Depending on the project, some bounty campaigns may be profitable but the star of the show will always be the reigning cryptocurrency- which is bitcoin. As of now, it is highly advisable to hold and seek ways on how to accumulate bitcoins as the bullish market may come otherwise in the near future. |
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I do not think so.
Although the introduction of Ethereum has addressed and solved most of the problems related with bitcoin, what separates them completely is the amount of people that are willing to purchase such cryptocurrencies in the market. The price of ethereum compared to bitcoin is significantly high which I do not think that the former will overtake in the long future.
The only thing I envision that might dethrone bitcoin as the reigning cryptocurreny if countries provide a massive prohibition, regulation, or ban on bitcoin. From there, people would be constrained to purchase and its price will slowly decrease. But this is very hypothetical which I do not see will happen anytime soon.
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<snip..>
There are several factors you need to consider in order to determine what makes Africa a third-world country. Their geographical location, type of government, and political influences play a huge role on why they are considered to be a third-world country even now. Do not get me wrong, there are other countries in Africa that are relatively thriving but most countries are below the poverty lane. The development of technology and the advancement of a country inevitably happens overtime. In the case of Africa, the progress might be slow but they have been developing their infrastructures and technology in their own pace. Eventually, they would be able to adapt into accepting cryptocurrencies and taking such opportunity in order to maximize their income. |
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earlier I apologize if my English is bad
This is what is always on my mind "bitcoin, ethereum, ripple etc. are cryptocurrencies or digital assets?"
have you ever thought that the naming of cryptocurrency is very influential on bitcoin etc.? because the naming of cryptocurrencies that are currently attached to bitcoin etc. makes bitcoin clash with government regulations relating to the applicable currency
what happens when the name cryptocurrency is changed to a digital asset? I think this will make it easier for bitcoin to be adopted in various countries because it doesn't conflict with financial regulations
I think the naming of cryptocurrency or digital assets plays a big role in the perspective and development of bitcoin
this is just my assumption, what do you think?
If you are going to categorize cryptocurrencies as digital assets, then it implies that you are also putting them on the same field as digital photos, videos, songs, and other word documents that are also intangible. Cryptocurrencies, in my opinion, are on another field and category on its own due to being a digital asset and an investment. As a decentralized and volatile currency, it has a significant value that is substantial and distinct from the conventional digital asset that we know. I think the name of cryptocurrency is not mattered for the legalization of Bitcoin. As you know, various counties already legalize the cryptocurrency, and digital asset names can be a little impact but not more for legalization so that you can mention different names of cryptocurrency, digital assets, and digital currencies.
Changing the name of cryptocurrencies into digital does not change that much in my opinion as the legalization will totally depend upon its nature. As a decentralized currency, lack of regulation by the government seems to hamper its development from being accepted from all countries in the world. |
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Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.
I agree with the above statement in a certain extent, but I'd like to ask the community. Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?
So curious to see the response especially today when we live in times of crisis.
Bitcoin is an investment which is similar to owning stocks or purchasing gold. What sets bitcoin different among the investment mechanisms available is the volatility of its price on the market. You cannot accurately forecast when its price will increase/decrease as it is dependent on several factors. Due to its nature being decentralized and volatile, owning bitcoin is relatively riskier compared to any investment available today. To answer your question, it depends on your goal on your investment if you are going for short/long-term investment. Generally since bitcoins are volatile in price, people typically sold their bitcoins if they see a X% increase on its price (it depends on your goal). If you are aiming for long-term investment, then you better prepared to lose some coins as again, there is no guarantee about this investment. The catch is, the rewards are high! |
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Hi, thanks for sending their ANN thread! Most likely, he deleted his topic under the bounty section that's why the link is inaccessible. Another pure scam project who have stolen other people identities. I don’t think they used any picture of their own on team section. Just like other garbage who have no ability to create whitepaper, team and project roadmap. All they can do is copy/paste or stealing contents from other project. Anyway, you may take a look on their whitepaper and i think you will find plagiarism there.
With the reference of this topic you can create a flag against this project and include the flag link on main topic. Scammer profile tagged from my end.
Unfortunately, a number of projects proliferated and they are attempting to scam by using stock photos or stolen identities. I find their efforts highly amusing but I do hope that investors do not fall on to these projects. Like what you said, I'll be flagging them now! |
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Obviously Crypto will be more valuable than gold in near future because it's already gained a huge popularity and price if we campare with it's beginning price.
Hope you caught my point.
Hmm this will depend upon several factors. The value of cryptocurrencies depends upon the people who are willing to buy such coins. Given that cryptocurrencies (bitcoin to be specific) is the so called 'digital gold', if people are willing to purchase it at a given price, then its value will definitely increase in the future. Again, we are comparing a tangible product to an intangible coin in which both have significant value in the market. Most traditionalist investors prefer gold or stocks as an investment but the new age of investment, which is cryptocurrencies, is gaining its popularity rapidly. Gold would not grow as speedily as crypto has been growing nowadays. So logically crypto is much more good as well as reliable options to make investments in it. Practically if we see this then you will understand Crypto has a lot more potential than gold in the future.
Investing into cryptocurrencies is still a double-edged sword compared to gold. The risk is relatively higher but the yield is also high. In gold, although it is generally safer as an investment, its price is not that volatile but the returns are average. I would still advise to invest into both if you have the resources so you can maximize the potential income you may receive. |
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Satoshi Nakamoto has done a great job in bitcoin invention, his idea is what many of us are celebrating and enjoying today and we are grateful to have such a great idea, we have all believed that by the decentralized nature of bitcoin, it should be unstoppable by any government,even by Japan where Satoshi was claimed to be a citizen. Now that his idea has been propelled far and wide, do you think he has the capacity to stop it again?
I do not think so but his knowledge may influence or affect the price of bitcoins in the market if he wants to. As the creator of bitcoin, I am pretty sure he has some coins kept and stored (among the 21 million in supply) and he may control the price if he has majority of bitcoins. IMO, satoshi can not stop it technically. because blockchain is immutable and decentralized.
but, with his power as a founder of the biggest cryptocurrency, there is a chance that he can shill people to stop using bitcoin. or maybe to move to a new kind of cryptocurrency.
That is true. The blockchain technology is so precise that every transaction cannot be altered and its decentralized nature makes it nearly impossible to try changing the blocks. Even if he was the one who created such genius technology, once its fully operational I do not think on how he can alter each block without trying to cause some problems or errors in the system. |
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I think the title of the thread is highly misleading- it should be about quick investments offered by several DeFi projects and not because of quick gains.
Cryptocurrencies are volatile and decentralized in nature. Meaning, its price on the market may change quickly depending upon several factors/circumstances. There are situations wherein a person acquires cryptocurrencies on a low price and they quickly sell it once the price goes above the initial price they acquired it. This falls on the category of 'quick gains' and it is relatively advantageous on him.
There are several Decentralized Finances (DeFi in short) that claims offer high returns in a short amount of time. I think that is where people should watch out for especially that tons of scammers are evolving also.
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Question regarding the viability of bitcoin in the long term. From my understanding, the security of bitcoin comes from miners who verify the blockchain. What happens when there is so much halving that the reward for mining bitcoin is extremely low and the cost of verifying the blockchain for the miners exceeds the reward of their bitcoin?
Usually this happens when the price of the bitcoin is significantly high or there are unexpected jumps on the price. There is so much halving that transactions fees increases to the miners. This is also one of the questions on what if the supply of bitcoin (21 million) is almost reached. Expect transaction fees to increase in the long-run. Also do note that miners will always have transaction fees because this is what makes bitcoin move from one block to another wallet. |
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PROS- Hassle-free and convenient way of purchasing products for having digitalized transactions;
- Faster and has a lower rate of being exposed to theft due to its nature;
- Eliminates the need to bring cash which can bulky one's wallet; and
- It can potentially save you money
CONS- Not everyone has the access to a cashless technology. One country may offer such service but other countries may be behind development;
- If cash is digitalized, there is always the risk of being hacked due to its nature; and
- It requires knowledge on both parties when transacting. Stores that cannot adapt will suffer significantly.
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Many people regret that they did not buy BTC while they first knew about it. For some, they did not sell BTC while they could.  For me, I got MWC & HEX for free from airdrop to BTC HODLers, but dumped them before they peak. I could easily make 10x of my existing BTC, if I held them strong.  What is your Biggest Crypto Regret?One of my biggest regret was cashing out most of my bitcoins when its price were around $4,000-$5,000 and after 1 month, its price skyrocketed to almost $20,000. Another crypto-regret was investing into an infamous 'ponzi scheme' called USI-TECH as it really looked genuine. I remembered I even attended their conferences in my country and people there were discussing about their investments. It persuaded me to drop $150 on their website (the amount was significantly large for me as a working student in a third-world country) as it promised a return of 150% by 6 months. Unfortunately after 2 months of waiting, the website abruptly changed its user interface and withdrawing all of your funds was seemingly impossible. News resurfaced and exploded about the project which scammed thousands of users including me. |
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Just a feeling I have. It's all credit cards and dollars and shit.
Yeah, I'd rather spend the shit money and save my bitcoins, but I can't wait until I can use real money everywhere. I'd rather get paid in bitcoin and spend bitcoin.
I do understand where you are coming from. Everyone has their preferences on where they want to spend their bitcoins. Other see it as an investment opportunity while others treat the same way they as cash. It all depends upon their needs and priorities on where they could actually use their resources on essential stuff. Although most would probably disagree on OP's choice, at the end of the day, bitcoin still can be converted into large amounts of cash given the right time you cash them out. maybe it will happen in some countries it will be realized but there are still many countries that cannot use it because some of the most crucial reasons are because there is no regulation on bitcoin.
but for me there is the convenience of paying with bitcoin or nothing at all it doesn't have any impact because I am used to using a debit card issued by a bank that I have savings there. and the mechanism is not different from the treatment of bitcoin.
Again, it all depends upon the preference of the person and the available means of transaction. If your country allows the exchange via bitcoins, then take that opportunity to do so. While other countries have regulations which bar the usage of bitcoins, then debit/credit cards would suffice. It all boils down on the convenience and acceptable terms of payment available per country. |
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It was already months that Bitcoin has been struggling to reach the next level ($10,000). There is no a clear sign that Bitcoin continues rising up or declining its price in the near future. Now, some altcoins can increase their prices more than Bitcoin. Some people stated that it may be the bullish time for altcoins. While others still doubted it, and they claimed it is only about temporary pump done by whales. Well, what do you think about this, guys?
Nah, this is a normal day in cryptocurrencies given their current nature being highly volatile. If you observe that some prices of altcoins are steadily increasing while the price of bitcoin is not, then you may take that as an opportunity to acquire some altcoins for additional investment. It is relatively difficult to look for a correlation about the increasing/decreasing of the price of bitcoin and altcoins as they are different. Nothing big, what we see in the market with bitcoin and altcoins is the regular market moves. We don't have anything to describe in particular, as there is no big news associated with cryptocurrencies. Like the ICO and IEO that made a market rise, now the DEFI tokens were playing its role. As a part more such projects have gained good marketcap, this will last until something new enters the market.
That is true. If the increase in the price of altcoins is significantly huge compared to bitcoin, then we can deduce or speculate on why such thing happened. But with minor changes to its price, treat it with a grain of salt and consider it as an opportunity to either buy/sell some cryptocurrencies. |
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I think most people approach crypto in the wrong way. With "get rich quick" approach.
If you come to crypto with such an attitude, you should never ever invest.
On the other hand, if you actually had to earn it while doing whatever you are usually doing anyway, that involves money?
Examples:
You get crypto as a token of gratitude after making donation to some project. (crowdfunding)
or
You are paid crypto as a bonus to your salary.
or
... (any other examples come to your mind?)
Wouldn't the whole cryptoworld be way more healthy? What do you think about it?
I do understand your point but the title of your topic is highly misleading by using the word 'never invest' instead of saying 'never have this kind of attitude, etc.' Cryptocurrencies, just like any other investment mechanism available, is an investment that deals primarily with the influx of the prices of it. Due to being decentralized in nature, its price is highly volatile compared to gold and stocks. Others got lucky when the price of bitcoin skyrocketed last year but others also felt loss when they invested during the peak of the price of cryptocurrencies. Again just like any other investment, thorough research and studies are needed to minimize the risk of losing your investments quickly. If there is a formula to being rich quickly, then I guess everyone would be rich by now. The only formula is to work hard and to work SMART! |
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<snip..>
Although I highly appreciate the the efforts made by the government in order to address gambling addiction, they should not meddle on choices based on people's desire to gamble. If the the government regulates gambling by proving that 'you can handle such loss' then this could only be destructive in the long run. In addition, putting a soft cap of 100 euros will not help as people would circumvent and try to find a way in order to get pass through this regulation. If the government sees gambling addiction as a major disadvantage, then creating job opportunities or providing other means of recreational activities can definitely help. Once you put this regulation, people will only be more inclined to know ways of breaking this implementation. |
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The world is into technological advancement with high and intelligent development of digital platforms purposely to help and make human life into a convenient world.
Today, DeFi catch the mind, heart, or possible even the pocket of interested persons to grab the opportunities to invest. DeFi or known as Decentralized Finance will change the world perspective with regards to Financial matters which every household own some money and do transactions.
Do you think now is the right time to call the people into crypto world?
I do actually believe that the right time is now. Given the current circumstance that the world is experiencing due to the pandemic, considering the option of investing into cryptocurrencies can be potentially advantageous in the short/long run. Stocks and other investment instruments are experiencing downs on their prices but cryptocurrencies remain relatively volatile throughout the year. Again, this can be a double-edged sword depending on your luck and skill! This year many people give crypto a try because they have nothing else to make money from since the beginning of this pandemic, thanks to cov19 many newbies made it to crypto space, we can keep spreading words about crypto through Twitter and other social media but even if we keep silent crypto isn't in a silent mode, the price is surging and it's making noice itself
In terms of the global market and economy, the covid pandemic destroyed several starting businesses and even big businesses due to low demand and safety. Do not forget not to consider that despite the Covid pandemic providing an opportunity for several people to research about cryptocurrencies, lots of businesses are still affected which could affect purchasing power and mindset right now. |
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Unfortunately, the WhitePaper is saved as a single image so you cannot copy/paste the text from the Whitepaper (manually typed it). In that case, here is a decent Telegram bot that can help you with that. It is called PhotosetterBot. Just search for @PhotosetterBot on Telegram and you will find it. You send it an image and it extracts the text from your image and sends it back to you via PM. I used it a long time ago and I remember that it makes mistakes, but it can still come in handy for such purposes.  This is very VERY useful! I will actually try this one as there are several whitepapers in the forum that upload or screenshot the entire document in order to prevent the texts from being copied. I really appreciate the help, thank you very much! Even though they include a reference link at the bottom of the Whitepaper if all the sentences are copied they still keep plagiarism completely so I don't think they have any idea to make their project defi goal so choose to run this copy action.
Good catch and now a lot of DeFi projects keep coming up with the inclusion of Uniswap also I think they continue to do scam projects if they do plagiarism whitepaper.
That is true. There is plagiarism once you represent an idea or a work to be yours and if you copy-pasted the entire thing despite citing the reference/source. I find it funny that people try to circumvent plagiarism by just posting the reference links but the entire content unaltered from the original source! |
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