the stablecoins centralized are reliable ? Is there a risk that they will be stopped or closed by the usa or european government?
if i have stablecoins centralized is better to convert everything in decentralized stablecoins ?
Centralized cryptocoins (stablecoins included) comes with the similar risks that comes with any other centralized currency/banking systems! few of them are, 1. Your money can be locked/freezed 2. Regulators can get your ip details and what not 3. Your transactions can be reversed by the controlling authority if needed 4. You can't have 100% control over your own asset Stablecoins doesn't come up with additional risks for originating from a centralized company! It's just similar to fiat money in your local banks! Simple! If you are planning to do some big amount transactions which you don't want to justify to the tax authorities or enforcement agencies, it is better for you to convert to decentralized cryptocoins. Otherwise, it really makes no difference!
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I have been in the cryptocurrency market for almost two months, I observed that when the market fell, the percentage of BTC always increased. The current percentage of BTC has accounted for more than half of the market. What does this mean? Can anyone give me an explanation, and why is BTC? not another Coin? Because in my opinion, BTC is affected by market volatility more than the Altcoin!
I too doubt about the correctness of this statement. There are many major stock markets available worldwide like NYSE, Dow jones, Nikkei, BSE etc. Which market you are taking as a reference. I too want to see a chart for the same! What I have seen as a trend, whenever traditional stock goes down, gold price rises! Because big ticket investors usually move their funds to the gold market to safeguard their capital. It doesn't happen every time but yes, most of the times! I doubt bitcoin has been taken over the place from Gold and it is highly unlikely because Bitcoin is so much more volatile than any other traditional asset class!
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I can't believe that on this year that most of ponzi scheme was already exposed, There is still many people that falling for that scheme and that whoooping 722M$ is an insane amount. I'm too lazy to read the article but it's hard to believe that they still collected 722M for a cloud mining investment compared on many legit ICO run during 2018 to 2019. What's really happening in crypto world? Let me tell you what's happening with little dose of history! Traditional ponzi is almost dead now after three big crackdowns by FBI. First crackdown was on a payment processor called Liberty Reserve which was closed down by FBI on mid 2013. Liberty Reserve was the biggest payment processor in the ponzi world where no one needs to be KYC compliant to keep thousands of dollars, so it quickly became the main source for money laundering and ponzi admins. Few years later, two biggest forums of the ponzi world namely, money makers group and Talkgold faced the similar action from FBI in August 2017 when the bitcoin market was on rise. So the paying ground of ponzi admins became even narrower because these are the two main places for ponzi promotion. So ponzi admins quickly found their next area of continuing the business which is cloud mining and ICO while the modus operandi remains same as before! The rise of cloud mining and ICO market in 2017 was actually fueled by the former ponzi scammers and that's why more than 95% of the ICOs that were started in 2017 and 2018 turned down to dust! Because these ICO companies were never meant to bring a disruptive product in the market. They came here to siphon money out of your pocket to theirs'. The result you can see today was plotted long back with the death of traditional ponzi market!
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After taking a quick look at their website and features, I can confirm that Matic is another classic example of shitcoin with zero utility and no real world application. The developers came here to make money and probably they are the only responsible people behind this dump! So the made their money and now exited from the market, so should you!
I really don't know why people invest in such projects without any utility which goes down to drain 99.99% of the time! if you look at the features Matic token as mentioned in their website, you will literally find hundreds of similar projects in the market. In future, try to stay away from such projects who doesn't have any product or utility and your money will be saved for better time!
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I would trust Libra coin with my money. Because Facebook is trying to get regulatory approval and legal clearances before starting it up. So I am sure my money is not going to go anywhere!
I wouldn't trust Libra coin with my financial privacy. Because Facebook is trying to get regulatory approval and legal clearances before starting it up. So I am sure that my entire financial information with Libra will be shared to the regulatory bodies and enforcement agencies.
I hope you are getting my point!
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There may be real projects available in the crypto market that is backed by gold. But there's literally no way for us to know if they are genuine or not! Even for Xaurum project, no one can tell if they are real!
Same goes for PGpay as well! Their website may not look very professional like other pro websites but the looks can be deceiving. There's no way anyone is going to confirm you about it! The challenge is not whether the tokens are backed by gold or not but the important part is credibility. Their office address is nowhere mentioned! Neither any credible audit company is appointed! So take your own call!
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Why are you even comparing between a highly regulated industrial index with bitcoin, that is too based on the comments? These are two very different thing - one is index and another one is a currency or asset! And look at the parameter you have chosen - comments??!!
Bitcoin has certainly got good traction since the dream run in 2017 which gave it a worldwide visibility. And due to that visibility it has also become one of the most searched word in Google. SEO people associated with finance saw an opportunity and started incorporating related metadata and terminologies in the website so that they can receive better search traffic! It's as simple as that!
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I had an old bike and i was purchasing almost two years ago, but one week i have sold my bike and i purchased some bitcoin. Especially I want holding long time with more patient because i want makes more profitable. So what do you think ? My decision is worng or right? The upcoming year 2020 give me good profits ?? Notes: basically i am not more expert trading then i keep decision holding is my best way for making more profitable. Welcome to share your mind. The discussion has been progressed long and I surprise why it didn't catch my attention so far! I have an wonderful story to tell you, https://www.zeebiz.com/personal-finance/news-how-to-become-a-crorepati-bought-royal-enfield-bullet-price-in-2001-you-missed-chance-to-mint-rs-55-crore-111642Read on and let me know your feedback! I hope something of that sort happens to all of us!
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A scammer siphoning out money from common people in the name of cryptocurrency - police did exactly what needs to be done! There's no other opinion! But the problem is actually much more deeper than we can think!
I am sure this Ugandan crypto scam is not the first ever crypto scam we have seen! In recent times, Plustoken pulled out a bigger scam worldwide! Majority of the ICOs from 2017 were used to fill their owner's pocket and scam people! Do you see the trend? Most disappointing is the involvement of the term "cryptocurrency" in all these scams which is constantly destroying the reputation of cryptos among the common mass!
That is effectively pushing the crypto community back in time and in bad reputation worldwide! I sincerely hope the situation becomes better in future!
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हनूज़ मुम्बई दूर अस्त। Mumbai is too far off for now...
I dont think anybody should be worried about attending a technological meetup. Is it even possible to declare blockchain illegal. It is basically a set of data structures and Function calls. There is no need to associate any kind of shadiness with such a thing. I would be glad to attend if something of this sort happens in the NCR region. Those of you around Mumbai, go attend..Share pictures..Maybe wear a guy fawkes mask if you'd prefer not to show us all how beautiful you are..LOL..
But c'mon..Go attend..
It's not a technical meetup mate! If you see the agenda associated with the list of speakers, it's purely on cryptocurrency and various aspects of crypto trading. No one really talks about blockchain use cases there! India is going through a big political turmoil right now and cryptos have been pushed to the least priority by the court. So I don't think that it will be much of an issue from legal perspective! 17th is Tuesday and I am sure office goers will not be able to attend such meetups during the weekdays. It is always better to plan such thing on weekends for maximum turn out! I could have visited if it was planned on weekend!
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The major reason why gold backed token didn't work well is not due to the entry barriers that you have mentioned! they are definitely true but doesn't really affect much! The main reason is the easy availability of gold and the digitization of this industry. Anyone can buy 24k gold using their smartphone, from a government registered seller, at the market price, without having the hassle of handling physical gold. It can be bought in any fraction and with smallest amount of money! After accumulating a certain amount, you can ask for delivery of that gold as well!
Then why would anyone take the hassle to invest in a crypto token with zero brand reputation and belongs from a foreign location? I wouldn't do that! I would rather choose the above method to get exposure in gold investment! That's easy for anyone!
Does it make sense?
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It is good if it is web based, i.e. similar to blockchain.com. Otherwise, installation makes it machine dependent. Its not a BIG sum. So, high security is not a priority. Ease of use is what I am looking for. Needs to work with all kind of ERC20.
Based in your requirement, I can give you few options, 1. MEW aka MyEtherWallet. It is completely web based wallet and you control the account seed. 2. Metamask. It's a browser extension for Chrome and Firefox. Fast and secure. These two are the most recommended wallets as per your requirement. However, I would personally suggest you to use Atomic wallet which is a desktop wallet and lightweight. Your control your money and seed keys. That's what I prefer to use! Hope this helps!
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Recently Brett Sherman was nominated to chair of Investor Protection, Entrepreneurship and Capital Markets. He will surely have the power to influence bills that can get introduced into Congress. He has been incredibly anti-bitcoin and will surely try to pass bills that will stifle the growth of the industry. Also recently BIS head has been advocating Central Banks begin to use digital currencies for themselves. This will surely play out as a way to out-compete crypto. https://www.bloomberg.com/news/articles/2019-12-05/bis-wants-central-banks-at-center-of-digital-cash-revolutionDiscussion: How can they community rally together for what is to come? Are we ready for when governments restrict / sanction any capital flow into exchanges? How prepared are we for these things? He is surely powerful but not that powerful to influence entire congress house of representatives! There's nothing ti be worried about just because he has been appointed to a crucial role within the government! IRS is already doing more damage that this guy! They have recently introduced a new tax form where tax payers will have to mention their crypto assets to the government! If US tries to restrict anything on their soil, exchanges will be moved to a more crypto friendly countries like Malta or Singapore! Chill!
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I can add one more unofficial signal to the list. This is the trading volume of Bakkt specially designed for physically settled bitcoin derivatives. https://www.theice.com/products/72035464/Bakkt-Bitcoin-USD-Monthly-Futures/data?marketId=6137543Institutions are showing interest due to the attractive pricing of bitcoin right at this moment! Even though it is almost impossible to get a holistic picture of consumer interest of an unregulated market like crypto. But the current price level is quite tempting even for individual investors!
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I wouldn't term it as a good or bad advice because of a simple reason - destiny! I strongly believe that destiny drives us all and if destiny says that I will die as a billionaire, I will become one! We as a commoner, don't know how and when a coin will reach its ATH and we wouldn't know when to sell it off to book profit!
Similarly, while many people sold off their holdings back in later 2017 and brought home hard cold cash, there were another group of people who entered the market and suffered major financial loss due to their decision!
So it's not a clever thing to look back at past and regret for what I haven't done! It's always better to look forward and decide what I can achieve! Crypto market is one of the prime examples!
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It's just a greedy bunch of deep-pocket investors invested millions in Nvidia shares to make some quick buck assuming their gaming division is doing just fine! When their assumptions are not met with the reality, they filed a lawsuit to make up the losses! Like one of my fellow community member already pointed out, GPUs are also needed for data science applications - which is not big but still has a market and its growing rapidly! Thank God, bitcoin doesn't have a centralized authority controlling the network. Otherwise millions of lawsuits would have been filed after the great 2018 crash!
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Probably, we are not seeing the kind of influx of institutional investors in crypto market the way we had envisaged it, but there are other reason to it which is completely overlooked by the article author! And that is the "lack of regulatory framework" around cryptos among other reasons! Here institutional investors doesn't necessarily mean only US based corporation, rather it talks about global enterprises doing business worldwide. US has their own crypto guidelines, even Japan has also provided the same. But what about others? Majority of the countries are still confused about their next move towards crypto! The number of global enterprises from such countries are staggering and they are effectively discourage in investing in cryptos due to the lack/absence of regulatory framework. And that's what is hurting the growth of institution focused hedge funds or even closing them down! We all have to remember that Majority of the African and Asian governments are tax terrorists! They look at the global enterprises as a cash cow and want to milk them as much as possible! Without clear guideline around cryptos and with such mindset of the governments, majority of the business organizations have chosen not to foray into the unknown water like crypto market. The result is now visible in naked eye! The author should have mentioned this practical challenge!
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Wow! A much needed discussion is finally starting now! So OP is literally saying the community to move to the POS algorithm and scrap the POW algorithm that miners are using now! I am sure, a lot of big companies will be unhappy after seeing this because these companies have invested millions to set up their mining operations.
But the argument is very valid because only a handful of people/companies are handling the entire mining operations of bitcoin where a commoner like us don't stand a chance at all! So if bitcoin moves to POS, a lot of common people will be happy as they will have better chance to earn bitcoin and make their dream come true!
But wait! What about the rarity of bitcoin? It will be killed if the network moves to POS. Also, if there is a minimum holding requirement given, it will be again controlled by few whales where again commoners won't stand a chance! So this kind of change may become disastrous for the community!
I personally wouldn't want bitcoin to move to a different algorithm because things are now slowly shaping up for bitcoin! It's just a 10 years old currency and still have a long way to go! I believe it's better to maintain the current model because this is how Satoshi designed and developed it!
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This fellow will end up being another Osho like character! The current position of India in world politics is pretty good and they can easily drag this fellow under the supervision of law!
Ecuador has already denied the asylum to this suspected criminal charged with pedophilia and rape! He is digging his own grave!
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Deutsche Bank has taken out a new trend report, Imagine 2030, which states that the current fiat system might be replaced by digital currencies such as Bitcoin by the 2030s. The report was compiled by Jim Reid, the Chief Analyst at Deutsche bank. According to Reid’s report, the global rising inflation combined with the doubts on governments’ power to mint money without anything backing it will cause the current financial system to crash. The collapse will happen in the next decade i.e 2020s. This would increase the demand for alternative currencies such as Gold, and Cryptocurrencies such as Bitcoin. You can read the full news article - https://news.bitxmi.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030/Deutsche Bank is either over estimating the cryptos or under-estimating the current economical structure! None of this will happen! Neither the current economic structure will collapse nor the cryptos will take over the world finance under the current scenario! Probably the world will move to a cashless regime because governments will start issuing centralized cryptos and roll back the fiat from the economy! The entire analysis seems pretty over estimated and somewhat stupid at the same time!
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