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It's good to be motivated but make sure that your motivation is directed towards the right direction. My advice for you is to research first on the coins you plan on investing since you don't have any funds for the moment. Also, never get a loan or borrow money to invest. You might drown in debt in the future and it's harder to recover money that's not your own. While you can, earn your own money and check out other coins which may be potentially be good for long term.
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Today we see 5% correction of BTC price. It will continue?
I wouldnt even call it a correction because we've been in a downward trend for many months now so a little rise and then a slight drop should not constitute being characterized as a correction. However, the slight price rise that we did experience last week is what i would consider a correction to the bear market since we've been dropping for so long. We can't really expect for the price to continuously go up even after the long downtrend so it's normal to see the price to go down a bit. A correction is a reverse moment to adjust an overvaluation and the price rise we experienced isn't even overvalued yet. No one can really tell whether the price will continue to go down but seeing that there are recent positive news for bitcoin, let's hope that it will go up again. |
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It's about time, considering that market manipulation on cryptos is like the norms of today, and if people are really serious in getting this thing to the next level, they should realize that bitcoin--and cryptocurrencies in general--should mature. Regulations IMO are not as bad as what other people portray them to be. If the right regulations were placed in a given market, it will flourish and attract more people into it.
They're too afraid about the regulations that it might remove what was the purpose of BTC to give anonymity. But in reality all of the actions from the government was I think to protect the people. As you said, this regulations is needed for the cryptocurrency to level-up. Do you really believe that the government is there to do you good? I believe in the self regulation of the market. Rules imposed by the authorities only create confusion, scare people away, and most importantly aren't free. If the government touches something and puts in work it's going to have to bring them profit later. This means taxes on top of taxes for you and guys in suits on your doorstep. It's actually better to have a self regulating body if it is impossible for this to be imposed. If there are private parties within the cryptocommunity which could provide for the regulation, then there won't be need of government intervention. While the government has the task to protect and safeguard it's citizens, they also generate revenue through taxes - a tool they could use through cryptocurrency regulation. Expect taxes when the government gets involved. Are you ready to pay a little extra when this happens? |
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The Australian woman has been charged with buying drugs. It doesn’t matter if she bought them with bitcoins, Australian dollars or Qantas air miles. It doesn’t matter whether she bought them in person, on the clear net or on the dark net. Once in a while, you do get these sensationalist headlines
I think it's relevant when writing an article intended to be seen by Bitcoin users, because arrests of criminals using Bitcoin could say a lot about BTC. It's useful for Bitcoin users to see how much merchant use there is on the darknet in the same way that it's useful to keep track of legitimate merchants, because it could show how many people buy Bitcoin and it could show what Bitcoin's main purposes are to people. Arrests related to Bitcoin could indicate how Bitcoin's use on the darknet is likely to change, especially if some of these arrests are made through blockchain analysis. In any case, it's definitely not "sensationalist" as the information is not made to appear more dramatic than it is, and the information is accurate. It may be useful for the crypto/Bitcoin users to know this however this kind of news may make the non-Bitcoin users think that Bitcoin is used for illegal means. There's a possibility for it to be used for illegal means such as any medium like fiat, gold etc. but narrow minded people may assume that using Bitcoin equates to illegal activity. We can't deny that there's still the presence of the dark web and illegal activities are being done with Bitcoin up to the present but let's not hope this kind of thinking will spread. |
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It’s never a great idea to flaunt your wealth no matter what the amount it is - small or big. It’s basically an open invitation for potential robbers. This kind of information should be kept private, otherwise you may put yourself in harm. Scammers are very creative nowadays and they use up to almost anything to steal from you and sometimes just a small leak of information would just do the trick. Also, we should be careful of our emails even if its old. The personal information it has may be the key for others to steal from you.
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People panic not just because the price of Bitcoin is going down but because they don't have faith in Bitcoin and maybe in crypto currency in general. And to some other group people tjey panic because there investment capital is a borrowed or loan money and in such conditions one will need to panic but at the end of the day panic may end you selling at lost and you will regret doing such a thing.
Additionally, those who panic see their money going down the drain. When the price goes down, that's their hard earned money or even possibly their savings that they're losing. This is probably why people panic whenever the price goes down - because they have so much to lose. They end up selling in the hopes of recovering their investment even at a lost. |
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We can't generalize based on industry. It's possible that there are those from the banks who could like bitcoin and is open to the idea while there may those coming from the business industry who dislikes bitcoin.
Bitcoin haters for me are those who are traditional and close minded. They don't like the idea of change and are not so open to new things, such as cryptocurrency. Technology confuses them so they would rather dismiss the idea than deal with it. They think that these new concepts would complicate things rather than give improvement. The opposite goes for bitcoin fans, who are very open to new concepts and technology. They think that bitcoin or cryptocurrency would be beneficial and would contribute to the community, and are therefore in favor of bitcoin.
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I agree, most of the alt coins are meant for short term, because most of the alt coins only depend on the trading Volume, without anywhere to spend in real life, it tends to fade away, so alt coins is more suitable for trading rather than long term investment, and alt coin got more risk of losing its value
Please, are you serious? How the fuck can you be saying that altcoins are for short term? Most of them have a long term roadmap and the biggest gains are showing more than months after the release of the coin. Most of them do, but not all of them push through. There are some out there that loses value to less than a dollar after the token sale and the buyers have made a dump. After profiting, the altcoin then disappears and the long term roadmap does not meet its goals. Unless an altcoin potentially becomes successful in the future, then it's not meant for long term. There are even some coins that don't reach the exchanges. Best to do research first and check out the support of the coin. |
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I think the main reason Trump won the election was Trump being the only candidate willing to address these issues.
These types of points relating to state driven policy failure and wealth inequality, regularly fall outside the mainstream media talking points and the degree of knowledge one can obtain by exclusively following mainstream sources.
Every other politician I've seen would have swept these issues under a rug and feigned ignorance until the next recession.
The same may be said in my country. A dictator of a president was put into seat because the citizens thought that he was the only one who could solve the problems of the country which the other candidates could not do. He was a people person and appealed to the masses, thus contributed to his win. He promised that he would solve poverty and this gave hope for the lower class people. |
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You can't really demand much from bounty managers. Usually, they're not involved with the budget allocation of the campaign. Most of the time they're just tasked to pick out eligible participants, make sure that the participants post regularly, count the number of posts at the end of the week then distribute the payments accordingly. Unless the ICO has funds, you won't be able to impose that minimum payment to every bounty campaign.
This is why ICOs profit from bounty campaigns. They can advertise at very minimal cost since paying with tokens don't cost them much.
You could choose to hold the tokens you've earned and hope that the ICO you participated in will become successful so that the value of the token will go up. There's a chance for the token to have greater value, but there's also the chance that it won't and it may even lose it's value totally. It's really down to choosing a good ICO which has the potential to be successful.
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Imagine from $15,000 down to $5,700, then trading between $6,500 to $7,200 in the past few weeks before it goes back up again between $7,800 to $8,100.
That's the nature of this market. If people have the balls to enter the market at $15,000 levels, then they should also have the balls to keep hodling through the correction. It's pointless to expect anything different at peak levels. Supply and demand has different phases, and especially in case of a strong bull run going on, you know that the price is almost guaranteed to fall back down to levels significantly below the highest point. Common sense should be enough in this case to understand the effects of hype demand and the adjustment back to regular (much lower) demand. The difference between the two is immense as we have seen. Well then, common sense must be not so common anymore since there are many who don't understand the effect of the hype and the correction we experienced after. There are many who lost faith and sold their btc after seeing the price go down, and most are the early investors who jumped in the hype. There are even those who attempted to spread negativity and FUD such as saying that BTC is about to die or completely lose it's value. Unfortunately, not many understand this nor do they have the guts to stay and hodl. |
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I am very supportive of projects like this. I have been saying for a while that Bitcoin merchants should make Bitcoin use more attractive for users, by offering them discounts. If you walk into a shop and they display a banner that says, "Pay with Bitcoin and get a 15% discount on the price.".... would you rather pay with cash or credit card or would you consider exploring Bitcoin?
This is a huge marketing tool for Bitcoin adoption, but it is under utilized. ^hmmmmm^
Putting up rebates and discounts really is a great marketing tool. Some consumers get triggered just by seeing the words "discounted" or "sale" even if it's just for a small percentage. This would encourage the bitcoin users, or better yet, for the regular consumers of these merchants to avail of bitcoins as a payment system. Hopefully in the future, more merchants or retail stores will give out discounts or coupons like how you would do in your website. This would definitely facilitate to more bitcoin use then may lead to mainstream adoption. |
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I think the Internet makes a good model for what you're describing.
The Internet itself is a good example of a decentralized and (mostly) self-regulated organization. At the highest levels on the behind-the-scenes of the internet are generally boards of trustees/directors (ICANN, ARIN, etc). After that very high level, once you're on the internet-as-you-know-it, much of what you experience falls back on non-authoritarian rules enforcement. For example, it's illegal to send spam email. But most of spam prevention and eradication is actually done by private parties.
Ultimately, even when you do regulate the internet with traditional laws, the real enforcement and implementation of such is done by loosely-connected individuals seeking to achieve a common objective. The internet is beautifully self-healing and self-regulating.
Can this be said the same for the crypto-community? While there are private parties that facilitate and probably supervise the internet, are there any present organizations for crypto? Since there has been an influx of ICO scams recently, there's going to be some need to police the crypto-community. Even while countries attempt to regulate crypto, it would be suitable for the cryptocommunity to have a self regulated organization despite it being decentralized. |
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It's hard to say what's safe to invest in because anything can really happen in the future. Even the stocks or real estate may devalue in the future even if they are said to be safer or secure. Even fiat currency itself cannot be said to be safe. If you can, it's good to have a diversified portfolio and to invest in different areas. Store some bitcoin, then probably buy some stocks and save up some cash as well. Cash is the most liquid so it's always great to store some of that in case of emergency purposes.
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Japan has been known to be as crypto-friendly long before and they're very technological advanced. They have been open to crypto and now that they accept bitcoin as a legal currency, they could expect for foreign investors to come in. Now, crypto businesses may open up or the retail stores in the country may choose to accept btc as payment. Let's hope that this would pave the way towards a more adoption of crypto and btc for other countries as well. Is bitcoin the only crypto which they accept? Hopefully there are also other cryptos or that they choose to accept more in the future.
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This is why many are also taking advantage of the telegram groups by displaying themselves and disguising as the admin's, there's no way to stop this but to give public awareness.
There are also scammers on twitter.
Just like by visiting those announcements from the developers, there are these like giveaways that are being held through that.
When there is some instructions that dictates to send you xx amount of eth or bitcoin to an address, that's an obvious scam.
There are many scammers like that and they are everywhere so the only thing we can do to protect ourselves is to not be so dumb, scammers are very smart somehow they are able to get the list of everyone that invested in an ico and then they send them malicious emails trying to get their private keys and unfortunately many people fall for it, so people need to familiarize themselves with the current scams so they can avoid it. This is probably why the social media platforms have now chosen to ban ICO ads. Since there are many which are scams, their users may get victimized of these scams and their reputations will be at risk. These advertisements may help facilitate the scammers reach a bigger audience through social media. Awareness on how to avoid these scams should be spread so that the users may know what to look out for. There are red flags which help us tell whether an ICO is likely to be a scam. |
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According to this video, https://www.facebook.com/cnbccrypto/videos/1688689147880991/Bitcoin is considered as property and therefore whenever you sell your BTCto cash, there are two transactions. You first sell the ‘property’ to cash value then what you gain from the sale is used as cash. These transactions are therefore taxable. For HODLers, if you cash out it in less than a year then it would be considered as income so there’s tax for that. If you hodl for more than a year, then IRS will consider it as 20% capital gains. I just went through the article. Feel bit silly. Tax can be paid in any means. In order to pay tax, should this be a property. How can a currency be decided as a property. Currency is currency. Will you consider gold, silver and diamond as a property? Kindly avoid bringing such silly news here dude. This does not help. You just say, its worth buying a property instead of holding back the bitcoins in the wallet. We can command if its really worth to have or not. There's no implication that (real estate) property is worth having as compared to crypto(currency). Crypto may be a currency but not in the eyes of other authorities. I was in no way discrediting the value of Bitcoin nor does the video say anything like that - it even recognizes how high the price of Bitcoin went up just last December of 2017. I just reiterated what the video has showed which is what the United States and the IRS views on Bitcoin. Even if we call crypto as a currency, it's still not applied as such. |
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It's great that a university has now come up with a course on cryptocurrency. There was said to be other courses made available in various other universities. Some may think that the course is more suitable to be put in the computer studies department because it's more concerned on coding and programming. What other people and crypto-users alike don't realize is that there's also a business and economic aspect to cryptocurrencies. It's worthwhile to be discussed by the academe and hopefully this would lead to better studies on crypto and Bitcoin.
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That's a shame. The excitement generated by legitimate cryptocurrency gives cover to fraudsters. This is a fact of life that comes along with any kind of success. But expect cryptocurrency in general to get the blame, although stock and insurance scams don't seem to have the same effect.
Although there are also scams in stock and insurance companies, they may not have the same effect as compared when there's a scam in the crypto community because probably crypto is unfamiliar to the public. The public has more trust over the stock and insurance companies because they see it as legit and has been established over the years. Even while there are scams among them, they feel safer nonetheless. |
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This is from an opinionated article, but according to the writer bitcoin’s recent decline could be reason to worry. Some excerpts from the article: Given the current state of the technology, bitcoin’s current price of around $7,000 — although still high compared to most of its history — is a relative disappointment. And this disappointment could lead to the demise of bitcoin.
If the price of bitcoin falls below its cost of mining, it will quickly go to zero. The real concern is that if the price of bitcoin continues to fall, mining will become infeasible, and without enough participants providing the computing power to record the transactions, the transactions will be infeasible and bitcoin will become worthless. You can read more of it here: https://www.marketwatch.com/story/this-is-all-it-would-take-for-bitcoin-to-become-a-worthless-cryptocurrency-2018-04-12Not here to spread any negativity or FUD but the author suggests that the current price drop is greater as compared to the ones in the past (is it worse than Mt. Gox?) Also, those early investors who came in during the hype last 2017 aren't likely to invest again after experiencing great losses, and this may make the price go down continuously then eventually go even lower than mining costs. Is it possible to happen? |
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