cryptocurrency works like fiat, basically its suppose to work as currency that we can use to buy products including on ecommerce sites, booking hotel or flight with crypto if possible. the only airlines being known to public that accepts BTC was a German airline. Is it worthed to Shop online with crypto instead of Fiat Currrency?
For example: booking hotel or flight with crypto?
In my opinion, cryptocurrency or bitcoin was not yet ready for this, most of the time using cryptocurrency was not worth it in this kind of transaction it might be even faster but I think cryptocurrency or bitcoin was not yet really implemented in this kind of transactions and I think these days cryptocurrency was not yet meant as a currency. I think it is better just to use fiat currency in this simple transaction for me bitcoin is a more on a investment thing if you keep on using bitcoin in this kind in my experience most of the time you are just losing a profit form bitcoin so it is better if you just invest it also there are only limited booking of hotels and flights that are going to accept this cryptocurrency or bitcoin as a payment so surely you will not be able to use it all the time. The high price in the market could be the thing and the volatility of the bitcoin market price is a big factor why it is not worth using bitcoin most of the time it is better to hold bitcoin  . Just my opinion  a lot of us tend to see BTC as investment. i wouldn't be spending it to shop unless i have no other option that a merchant only accepts BTC. |
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if you have sold your tokens already and doesn't have plans to buy back then i guess you can wish the project to die. was this your experience?
i wouldn't wish the project to die when if i don't have a bag of it anymore and i would probably just unwatch the thread so that i won't be seeing it to remind me to at least buy back few. i sold my STRATIS long time ago but now that is just tried to pump itself, i'm once again interested to buy but probably if i have the extra funds. the only project i wish to die are the pure scam ones that didn't give back anything to its community.
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right now that you have discovered BTC, you will probably think storing it in a bank will be a bad idea. and its true.
i wouldn't be putting it on a bank account if i were you. the government will just keep stealing from those saver like you. if you think for awhile like your $50k can right now buy a car of your dream, 1-2 years from now, you may not be able to do it with same amount.
how much will the bank interest be these days? 0.02%? that's nothing when BTC moons.
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It certainly looks like people in Iran are moving wealth.
on the upside this is a prime example of one of the uses of Bitcoin (and crypto)
on the downside if the situation between the U.S and Iran escilates there will be
LOSS OF LIFE, that superseeds everything.
such a pity that we are entering another hostile situation, can we not learn from
the past?
if they are moving their money out of the country that means these people buying BTC is looking for somewhere safe where there will be no war. but buying at the current price on their localbitcoin seem too much. and so its definitely just the rich that can afford at such price. i would probably watch the news everyday from now on to see what will happen. i hope the tension calm down before Iran decide which route to go. |
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If that happens you can expect a drop in the price of bitcoin and a lot of panic because to most people satoshi alive means satoshi has access to his money and could sell or be forced to sell by government, blackmailed or something.
Bitcoin won't die from such a stupid thing but it will suffer.
my best guess is that satoshi already forgot his privatekeys. anyone who discovers its satoshi will not prove it in anyway but the sign message which is impossible because the real satoshi wouldn't even prove he is satoshi. the weirdo left bitcoin for good. we can't even find the individual who released that mimblewimble protocol, least of all satoshi. |
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the kind of scam still works for those who are not aware though. those who are new to cryptocurency and are in need of fast money are usually the most who would send money because they are more vulnerable. sending BTC and double it after is very much appealing for someone. if it comes from cointelegraph impostor they really would think its legit which is why they send some. the classic old trick never gets old and this goes for the pyramid scheme as well.
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indeed there are a lot of losses that occur when fundraising uses the ICO method and for now I think many are no longer interested in ICO, they are more interested in the IEO method which according to investors can be safer.
this IEO is also going to disappear soon. investors avoided it because of the KYC from the small exchanges that partnered with the scam team doing IEO. the death of IEO is also inevitable. there is just no safe way for fundraising a project without the risk of scam. its possible to big exchanges, it may not look scam but the unpleasant experience due to liquidity is terrible. |
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price has already affect BTC on the localbitcoins in Iran, it was posted by some user in similar thread which the price reaches up to $29K. it didn't affect the whole market though. a war seem overblown though, its not like Iran will blast US but then there is a probability that Iran will be invaded as US usually do it. hope not. Iran doesn't have a local section but if there is it would be a hot big thread here in bticointalk.
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a DEX would just be used if there will be a volume to it. there are plenty of these DEX starting from bitshares, WAVES paltform, etherdelta, blockdxn and to the latest we have today but all these would just be useless if we still can't find ways to pile a volume for DEX. we are all here in the forum spreading more information that its best to use dex if concern of safer funds but there are still more traders on CEX.
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that was the start of the bear market and i guess you can blame facebook for what had happen for it tried to stop the ICOs when they ban crypto ads. it make sense to actually kill competitors first before creating own currency but its just hypocrisy at best.
they probably feel the same way now that Libra is being stopped by the government while France also considering the release of digital currently they planned. do you think Libra will help the rise of BTC adoption?
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you'd lose this bet. $10k in 5-7 days isn't easy to achieve. in a week will not be possible, you are too optimistic about it but i would expect dumps after this pump. there will be a lot of pumps and dumps these days. the price of BTC i think will keep this price from $7k-7500 for weeks, its been for several weeks too bad not any whales are plotting to break the resistance.
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You don't have to buy cryptosteel you made mentioned, why can't you just grab a stainless steel and write your recovery seed on it, safe from fire, water and bad environments too
kind like engraver and write down there the seed. lol its going to be safe from disaster but it might not be safe from the people who understands its a seed. we all know its always BTC that people kept in their wallets so once they see 12 words or 24 words written or carved in a stainless steel, its what it is so put it somewhere safe that no one sees it. i wouldn't go that far though. just print multiple paper wallets and put it in an airtight plastic bottle. |
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its not just the exchange that needs to be decentralized, we already knew how blocknet works and its cool to have it. but it won't matter if the tokens of the project we hold are centralize in a way. right now the devs are having a dilemma of whether to go on for scalability while the trade off is the security and decentralization of the project so while we are not yet solving the scalability i guess the only that is really for decentralization is the exchanges which is why they to have the Defi.
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i don't know if it does have a pattern to follow because if its that easy to see. traders are looking into the charts and usually the price reacts base on the news coming from the team or base simply to the market. if you look at the chart, the market has been going down since July of 2019, it only tried to go up on October but bears are winning the game even today. my guess is that it will continue to do so until June.
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What will this mean in reality? Will every exchange based in Europe have to send information about their exchange users and their transactions to a centralized authority?
have they not done that already? its not a positive sign no matter which angle you will look at it. its objective is for AML. its the implementation of these law that we'd get in trouble. its not like they will investigate first before freezing an account, its the other way round. and its not just about how much you have but probably where you are from as well. they do have the data of those who submitted KYC. nothing you can do if the exchange says you have a coin that come from somewhere and freeze your account. |
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article seem to be posted here is a spam. it may sound a traders tip in general but it doesn't even related to crypto as it suggested metatrader below it. which means this is for forex traders. we have seen enough tips here, a lot have shared their own tips but this OP gave is a spam. latinpost accepted a paid blog post and was shared it once again here in the forum. This is pretty much applies to every type of strategy that you're gonna choose. I hope the article gets revision since it doesn't seem like applicable to newbies and I won't even advise newbies to day trade immediately. What tips can you apply in day trading but not in long term trading, leverage, etc?
for all time, its the long term hold that works best. |
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"All hardware wallets will be hacked; Tron/XRP will become the most important cryptocurrency; Satoshi identity will be revealed and will be disappointing; Trump will stack sats on twitter; Lightning will have glorious adoption.” that's what Ohayon said. i have no idea how safe his zengo but he is probably serious when he said TRX and XRP are going to be the most important crypto lol these are likely the only tokens deposited in zengo. not sure why cointele ever give him the stage. i don't think satoshi will be identified, he will have to prove his sign message even if all evidence is pointing to such person. |
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There will always be people who give up, but there are still survivors and new entrants into this market. For me 2020 will be a promising year, with many events like bitcoin halving, some countries will launch their own cryptocurrencies, Libra, bitcoin ETF.
once a person got into crypto and learned its the future, they may not really give up. they will even hold on to the tokens we already distinguished as scam and will still put hopes to it. one day they will still see there is the need for them to buy the tokens on top like the cheap ones because its the most affordable. its going to take time for them to see the profit but they will hold on to it. one individual i personally knew invested on XRP to which he said he bought 3k of it. |
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How did you get the dirty bitcoins?
If you have dirty coins always use some mixer to clean your coins before you send it to any exchanges this is the best you can do now if you don't want to ban in some exchanges like binance mix your coins first before you transfer.
don't you think the exchange will look at it as a dirty coin as well because it has not history except its mixed? i wanna test the exchanges though if they will freeze my account after depositing dirty coin worth $50. i however don't have a dirty coin. but i'd be amaze if they will indeed freeze my account with just too little to bother. and will they ever allow me to once again create a new account submitting the same KYC. |
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Bitcoin is designed to be more scarce every single day while the population is almost required to increase its demand. Why? Because people will have to sell their failed fiduciary currencies per Bitcoin. The current financial system failed already and people will realize that Bitcoin is the only system to reset everything. Governments will try to create their centralized cryptocurrencies that will fail like the fiat due to hacks and the fact that people will prefer to use Bitcoin. Bitcoin is a blackhole that is swallowing every single fiat bill. 10 million dollars per coin is probably too conservative. People who dont own Bitcoin now will have to own in it later. Those who are acummulating BTC right now will be the richest people in the world. Bitcoin should hit that price in the next 10 years and there is nothing that could stop it.
Indeed, 10 million is conservative whennya consider governments will have to bow to bitcoin and begin their own btc mining. Russia government is already aiming to have 20% of the bitcoin mining capacity. In the USA the federal reserve banksters wont go down without a fight, expect some more deep state dirty tricks like what they did to Ross Ulbricht. didn't Russia ban bitcoin? the news media can't really lay down which is true here. if they are mining BTC, this should be a cause for other countries to do the same. lets all dive into BTC after all its proven to be a better currency. its going to be advantageous for countries to have cheap power energy source, the country who can generate free energy thru solar and wind would probably be the richest. |
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