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If I speak from an economics background, bitcoin halving is expected to rise its price! Because this is deflationary in nature which decreases the supply of it and increases it purchasing power. However, cryptocurrencies are not designed to fit into the definition of standard money so no one can assure you about the outcome! What everyone is doing is, speculation! It sometime goes right and sometime goes wrong! You already have an example, Litecoin. Which didn't come out as expected after halving and the price is in the red zone. Whoever is saying that bitcoin's price will go higher after the halving, they are all speculating and no one is certain about what's going to happen! So don't get confused and don't try to get an answer! Probably you will get it all wrong!
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I recently watched a video in which Max Keiser makes very interesting claims or assumptions about China, gold, US dollar, and cryptocurrency. What is interesting is that he claims that China will announce that it actually owns 10 times the amount of gold it has publicly acknowledged so far (2000 tons vs 20 000 tons) and that their new cryptocurrency will be backed by that gold. According to Max Keiser, it will cause "dollar to toast" and it will push the price of Bitcoin and gold to infinity. What interests me is the possibility that China really has such a large amount of gold, and that they can use that gold to create a new world currency that will actually remove the US dollar as the dominant world currency. As unbelievable as it may sound, the theory is interesting and I think it's worth taking some time to watch the video. Max Keiser: China secretly hoarding gold and will unleash crypto backed by metal and destroy USDI doubt the possibility of China holding that much gold! But for argument, if we assume that China holds that much gold and rolled out a currency backed up by gold, why do you think Bitcoin price would skyrocket? What's the correlation? I don't seriously think, Bitcoin price will have any effect in case any such event takes place! Also Gold price will be adversely affected because it depends strictly on demand and supply principles! The possibility of floating an unprecedented amount of gold in the market will cause severe panic among the long term gold investors which may trigger panic selling among the masses! |
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Tell Modi that Bitcoin came out of a Cow. He will accept it. Or give lecture in some temple that Cow milk contains hashes of Blockchain data. People will drink that up like tea..
Sad thing.. our India may be free our mindset are not..
Lol! That's true mate! We are actually going back in time with this current government of India! They are more bothered about Ram Mandir than to bring the economy back on track! Recently a BJP leader said in a public meeting that, Cow milk contains gold! That became a new internet sensation now! Stupid leaders! |
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You best bet is to use VPN + Tor browser + newly generated address + bitcoin mixer to make it as anonymous as possible! I can also recommend an article which talks about few more options as below, https://coinsutra.com/anonymous-bitcoin-transactions/Hope this helps! But why do you need to make private transaction? |
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It's a recent article from CoinTelegraph! So without going to the details, I will just quote the exact statement of Tim. He said, I thought it was a good move; he is getting rid of corruption and trying to create a corruption-free state, but by blocking Bitcoin, he is creating more corruption and I think that is very dangerous for the country, Reference: https://cointelegraph.com/news/bitcoin-ban-means-india-will-get-more-corrupt-under-modi-tim-draperDo you think on a similar line? Or is it other way around for you? |
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That was well expected! Since Bakkt launched something very drastically different than any other market rolling product, they had a slow start! But when the traders and investors started understanding the enormous opportunity Bakkt is providing to them to trade on a volatile yet profitable asset like bitcoin, Bakkt started gaining the momentum! $10 million is just nothing! It's just a month old instrument and has a long way to cover! Don't get surprised! But I want to contradict to your below statement, I know that it might not contribute very well to Bitcoin's price hike, but the volume itself could be the key for long-term adoption and may expect more institutions to explore Bakkt Bitcoin futures trading. It's just my own thoughts, you know? But I wanna know your feedback about this one guys. How do you know that Bakkt is not contributing to the growth of bitcoin? Bakkt is the only industrial-scale bitcoin futures contract platform with physical settlement. Any trader can either square off their trade or take physical delivery of the bitcoin based on the contract price! I am sure you see it now! |
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I read this book during my Post Graduation studies. The book gives one really great learning among others is,
Rich people acquire assets while others acquire liabilities in disguise of an asset.
It's a truth, indeed!
Example is in front of us! People who invested in bitcoin back in 2009 - 2012 period, are the rich dads as per Robert! People who invested in late 2017, are the poor ones! It's all in our minds!
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My question to you guys is this. Is this a change of heart now for China in terms of cryptocurrency mining? No! It's a survival technique adopted by Chinese government after knowing and assessing all possibilities of eradicating cryptocurrency from Mainland China! Theyr are just making themselves future ready so that they don't have to invest a lot of money or time when the competing cointries will move to digital economy! |
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If you ask which one is better - percentage based reward for an individual! The more you stake, the more you earn! But that is not fair everytime because here big whales get away with majority of the rewards and also people tend to HODL which eventually reduces the circulation of the coin in the market.
If you ask which one is fairer - block based reward! Here everyone get an equal chance to participate in the network and earn according to their mining ability. Not just whales but normal people can also earn a significant amount of money without staking it! Which eventually increases the circulation to meet the demand.
Hope this makes sense!
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Recently, I have heard that Sexcoin is used as a cryptocurrency for the adult industry. I’m rather curious whether Sexcoin can be used for other applications aside from “adult business” for daily life usage and what trading platforms trade Sexcoin.
Moreover, if possible can you mention any useful information about Sexcoin that I can use when trading it or buy it. Thanks.
Duuude, check out DPorn haha  they are actually doing stuff in the adult industry, So many projects have come and gone over the years, and 99% of them have fallen flat. Sexcoin was good for a while, but has fallen flat a long time ago AFAIK. buy some, hodl it for a few years, see what happens if u must but other then that sexcoin is ded since the 51% attack imo : / DPorn has also made a token but its actually being used on their platform right NOW for adult services Actually true! Any cryptocurrency with specific use like booking movie tickets or booking flight tickets or watching porn websites! These coins actually loose their tenacity within few days of launching. Because crypto adoption is already very less and making a crypto for specific use will make its scope even narrower! So they face the inevitable! I sometimes wonder, why we need different tokens for different usage! Instead these websites can use famous cryptos like bitcoin or eth! |
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Hi all,
I am looking for skill based gambling platforms that accepts cryptocurrency. For example, 8 ball pool, clash royale, PUBG or anything similar to it. I am not looking for aportsbook or sportsbetting kind of website!
Please let me know if there's any such website available for skill based gamers!
Thanks in advance!
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This is good news that the US is looking to apply blockchain technology to financial and banking businesses. It will make transactions faster and less cumbersome.
But it does not mean that the US will support the coins in the crypto market because this is a decentralized market and they cannot control it.
I think they are only aiming to discover and apply blockchain in the future.
I doubt they have mentioned anything about blockchain here! Along with US, a lot of other countries are planning to launch their digital currencies. But there's a gray area about blockchain. We are anticipating that blockchain will be used, nothing has been finalized yet! Research and development is ongoing! It's our assumption that blockchain will be used because it's the most feasible solution we have at this moment! Only good part about this news is that strong economies like US is seriously thinking about launching digital currencies! |
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It all depends how it will be listed in stock market. If they are listing it as an Exchange Traded Fund or Derivative product where no physical bitcoin settlement would take place, it simply wouldn't make sense to us! Because in these case, no money would directly or indirectly flow into bitcoin market. On the other hand, if these funds are listed as normal/physically settled instruments, it will surely fule adoption and demand both! I have just visited the website of 3iQ fund management company and find out that they have started providing such service to the accredited investors along with physical bitcoin custody. If the same structure is replicated in the stock market, that's certainly great! Reference below, https://3iq.ca/3iq-bitcoin-trust/ |
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Just as the title states. How do you guys think a country with its only economy being BTC look like? Would it look like how western countries are of today, some Cyberpunk future, or maybe just completely mess up? Honestly, I think it'd look something like the current state of western countries, as if the only currency allowed is BTC, then in theory it should always balance out and be flexible.
Eradication of fiat money and infuse only bitcoin will not have great economic effects on a country right at this moment! If it's a small country of few millions, then probably it wouldn't have much impact, but if it's a densely populated country like India and China, the result will be disastrous! It's hard to scale up for bitcoin to cater the need of few billions of people! Secondly, the volatility is another risk factor for bitcoin to be accepted asa sole currency for any country! Frankly speaking, bitcoin isn't built to become a mainstream currency within a centralized environment! We are good as a parallel currency in a parallel economy, not mainstream! |
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As claimed by tether.to, every USDT is backed by traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities.(Quoted from tether.io website).
So basically with every passing year the value of USDT is decreasing due to the inflation caused and ending in decreasing the buying power of USDT. So i am not going to invest or convert my Bitcoin into USDT which is backed by FIAT.
Bitcoin is increasing with respect to USDT but it has to cater for inflation as well so a holder can be in profit. We need USD/BTC pair not USDT/BTC pair. Why should one trader rely on a third party token when he can trade directly the USD.
Technically USDT is built to cater the need to worldwide crypto traders! It is not built to HODL in any way! Otherwise they wouldn't have called as stablecoins! Stablecoins values are built to be stable and not to fluctuate! So they are an essential part of the ecosystem that provides convenience to traders in a crypto driven environment. USDT is one of those rare cryptos whose trading volume often increases its market cap! So you can easily understand the use of USDT from this statistics! It's just a convenient coin to trade because it's really painful to use actual fiat currency in majority of the crypto exchanges! It's as simple as that! |
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I wonder why we need private smart contract?
If you see private smart contract as a decentralized crypto backbine, Private smart contracts are the centralized ones! I can recommend an article for you to understand private smart contract. See below, https://wiki.parity.io/Private-TransactionsHope this helps! |
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Stop this non-sense at once! This matter has been discussed many times here and the misinformation is doing its rounds and causing unnecessary panic! If quantum computee is built, anything that uses encryption, will become useless! The banking network will be affected most, not only bitcoin!
Looking at the eye-popping cost and the complexity, it's highly unlikely that it will be available for public use in future! Only few billion dollar valued organizations will be using it and its usage will be highly controlled! There's very very less chance that bitcoin network will be attacked specifically!
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Everyone likes to earn money! However, we already have few similar platforms where people can earn reward for writing articles. Steemit is the most popular of them all. We also have a QnA platform like Masmic where people can get paid to ask and reply to questions.
Is your idea any different from these platforms?
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No! Bitcoin isn't leading the internet based transaction volume! Paypal does! Bitcoin's market cap is 165 billion USD right at this moment whereas PayPal churned out 172 billion USD alone in 2nd quarter of 2019! Bitcoin is still 7 billion USD less! Reference is given below, https://www.businessinsider.com/venmo-played-key-role-growing-paypals-tpv-2019-7?IR=TBitcoin surely turning the tide slowly, but it has yet to cover the road! |
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Not just China, It's a global issue right at this moment! But it's highly unlikely that bitcoin will be any help to this! The simple reason is the consumer driven economy where bitcoin adoption rate is next to zero! We can't really buy any real things using bitcoin, certainly not in a country like China! I remember, my uncle wanted to buy a scooter 23 years ago. He had to pay in hard cold cash because automotive loan was an alien word that time! Today if I want to even buy a TV, I don't require to pay anything upfront as 100% loan is available! I will just have to pay equated monthly installments! So the buying habit of consumer is changing drastically as well! Result - more household debt! Bitcoin comes nowhere as a solution to it! It's our own buying behavior that is changing due to the easy availability of loans. Unless we change our outlook, or a government policy prohibits such practices, nothing's gonna change and we will continue to submit ourselves to these loopholes of a debt driven economy! |
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