After legalizing bitcoin in India, bitcoin trading in India exploded in mid-May. Over the past month, there has been data indication, indicating that more bitcoin has changed hands on local, peer to peer exchange in India than before.
If this continues, with the way Indian's are going about bitcoin trading. The Indian market is likely to hold a great potential and importance for the future of the crypto economy. Since people in India is betting big on bitcoin
The Paxful CEO and founder Ray Youseff said that India is a "sleeping giant" for the cryptocurrency world. I agree with him,but there's no clear statement coming from the Indian government regarding Bitcoin and cryptocurrency trading.Will India join the group of crypto-friendly countries or will it remain in the group of anti-crypto authoritarian regimes of the third world? I hope that China will follow India's example and allow cryptocurrency trading.This would be great news for the future of our community and industry. |
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I don't understand the point of your thread,OP.I don't see a clear idea.
Do you wanna share some tips with local business owners about how they can boost their business?
Do you own a local business?If you don't,then why do you think that you have more knowledge and experience than an actual local business owner?
By "presentation" I guess that you mean marketing.No business,big or small,can't survive without marketing.
What is your "old method"?Asking local business owners to learn bookkeeping and attend educational programs is just common sense.
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In spite of the lock down, and thousands of death caused by coronavirus in Russia. There has been a sharp increase in bitcoin trading volume across Russia. The number of registered users in Binance during April 2020 was two times higher than December of 2019. Source: https://cointelegraph.com/news/coronavirus-lockdown-boosts-bitcoin-trading-in-russiaWith this kind of development in Russia, are we to expect a big price movement not only in bitcoin but to altcoin generally Are we to expect a big BTC price movement because of Russia? Do you think that Russia had any impact over the Bitcoin and altcoin prices during the last few years.? I don't think so.Then why should we expect some major crypto price boost coming from Russia? If some Russian oligarch becomes a crypto whale and buys Bitcoin-definitely yes,Bitcoin might go up.  If more Russians signup to crypto exchange platforms and start trading-most likely no. By the way,how the hell did Cointelegraph track the nationality of the people,who created accounts in Binance?Did Binance publicly announced that more Russians joined the platform? |
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According to the cyber media Tokenist, based on the results of their survey not long ago. The survey involved 4,852 respondents from 17 countries. According to the survey the number of people who trust Bitcoin more than large banks, increased by 29 percent in the last three years. The survey also showed differences in the generation's views about Bitcoin and traditional banks. 51 percent of millennials trust Bitcoin more than traditional banks.
Bitcoin is NOT a bank.Comparing Bitcoin to banks is like comparing apples with bananas.Bitcoin loans aren't very popular and I don't see any cryptocurrency exchange platform offering banking services. There are sertain rules about properly doing a survey and I don't have any details about how the Tokenist surveys was done.If you own a cryptocurrency website and you ask your visitors(most of them are crypto supporters as well) about their views regarding Bitcoin and cryptocurrencies,most of them are going to be pretty positive about Bitcoin and crypto.It's common sense. It's pretty normal that millenials and younger generations are more open to new technologies,like Bitcoin. |
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8,200 ATMs from which 6,000 are located in the USA.It seems that the cryptocurrency users are pretty much concentrated in the USA.I don't believe that's the case.Countries like Japan and South Korea are more crypto-friendly and more open to technology innovations than the USA.Why don't they have as much ATMs?
It's always good to know that there are signs of growing Bitcoin adoption.
However,I'm not a big believer in the ATM business model.The fees of using an ATM are still really high and sooner or later the hackers will find a way and start to exploit those ATMs.
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So it would seem there is another Coronavirus wave on the way, at least in some countries.
Last time the pandemic struck, we saw Bitcoin price plunging hard.
Will the same thing happen again, can we expect the new lows?
What are your thoughts?
Back in March,the coronavirus was something new and shocking.3 months later,the national healthcare systems and the World Health Organization have more info about COVID-19 and know what to do,in order to stop the virus.The second wave of COVID-19 is pretty normal.After all,the lockdowns are over and the people are on the streets.We just have to learn to live with the surrounding threat of this virus.I believe that COVID-19 isn't as deadly and dangerous as it was described back in March-April.The virus mutated and it's less dangerous now. The Bitcoin price won't have a nosedive crash during the so called "second wave" of COVID-19. I expect a slow bearish trend in the crypto markets during the summer,due to the slow recovery of the global economy. |
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Very strange thing i noticed: most people like to buy with bitcoin , but using altcoins very few
I think all clients i had from bitcointalk prefer to use bitcoin to buy services / products they needed ...
Not a single client that i had until now used altcoins like ethereum ,litecoin etc or tokens like usdt,usdc ....
Why do you think people don't like to use altcoins to buy things on the internet ?
People in the crypto world don't buy with altcoins because most of the online merchants don't accept altcoins.Another reason is that people stick to what they are familiar with.Most of the people,that joined the cryptocurrency world (like myself) started using Bitcoin in the beginning,so I don't think they are that comfortable using altcoins,even though there's no big difference in fees or convenience between BTC and altcoins.. Using tokens like USDT outside of an cryptocurrency exchange platform seems weird to me. |
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During the financial crisis due to the COVID-19 pandemic, Bitcoin and Altcoin were bad safe haven assets. Cryptocurrencies are not seen as safe haven assets equivalent to gold, US dollars or state debt obligations. As a result, crypto assets tend to be insecure from recession shocks.
There are two requirements that must be met in order for an asset to be an effective safe haven,
First, the volatility (level of up and down) the value of assets must be low. Second, when market volatility surges, the value of assets must increase.
Although in the current crisis, the trading volume of crypto assets is increasing, it merely compensates for the value of other declining assets, such as stocks,
Op,this topic has been discussed so many times.I don't see a reason why we should repeat the same thing over and over.Nobody is saying that cryptocurrencies are a good safe heaven.Maybe only some crypto trading newbies are thinking that Bitcoin and altcoins might be a safe heaven.Anyway,according to some statistics,Bitcoin is outperforming gold and stocks as the most profitable asset for 2019,as far as I remember. So Bitcoin isn't a safe heaven,but it's a pretty good asset to put your money in. |
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So you say that if the real Satoshi Nakamoto comes out of the shadows(if he's still alive),this would put Bitcoin in great danger.Why and how?Bitcoin Core is existing without Satoshi Nakamoto for so long.
Do you think that the real Satoshi will try to destroy Bitcoin Core?I don't think so.
Trusting someone to be the real Satoshi without any good evidence is just pure stupidity.
Having trust in this or that person that has or had any role in the creation of Bitcoin is kinda pointless.
We should trust the idea and concept behind Bitcoin Core/blockchain,not Satoshi or some of the fake imposters of Satoshi.
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guys, in bitcoin literally nothing happens if we compare with defi on ethereum. User experience and possibilities there (lending, dexes, pools and so on) are so far ahead.
the idea of 21kk bitcoins is out of date, no fresh ideas, no fresh blood in devs. And also absolutely centralised infrastructure around (exchanges). Lightening is fucked.
Bitcoin is one more tool for snx traders. And its price goes exactly according to s&p500. I hardly see reasons to hold the biggest share of my portfolio in bitcoin. Maybe I missed smth, help to get it. Thanks!
Ethereum was far ahead with smart contracts and Dapps in the past.Now,ETH is far ahead with defi and yet it's still not the number 1 cryptocurrency in the world.There's might be something wrong with ethereum. The crypto exchanges are centralized,but they have nothing to do with the structure of the Bitcoin Core blockchain.Lightning Network has nothing to do with the blockchain structure as well. The upcoming Taproot and Schoor soft forks are some proof that the BTC core developers aren't sleeping. Slower progress is better than fast progress,because the developers would make more mistakes,if they are forcing the speed of new implementations. |
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On 11th May 2020, The Bitcoin network experienced the third halving event. It was an highly anticipated and highly speculated event in the weeks and months leading to the event. A month ago, The halving event saw the mining rewards per mined block go from 12.5 BTC to about 6.25. BTC.
The halving event was the major event that everyone had look forward to – "The big event of 2020. Now it's done, Are there any other" major" Bitcoin events we should be looking out for between now and the end of the year?
Do we have to rely on such "events" for pumping the Bitcoin price? The BTC halving was overrated and over-hyped as the "major crypto event of 2020". The Bitcoin halving is in the past,nothing sensational or spectacular happened on the Bitcoin markets. Do we have to anticipate some "major event" to build up some hype around Bitcoin again? I prefer slow and steady Bitcoin adoption and slow and consistent Bitcoin price increase(which isn't happening),rather than waiting for Bitcoin related "events".... |
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What the hell is Coinsquare and why should we care about it?I've never heard anything about Coinsquare. I guess it's one of the small cryptocurrency exchange platforms,that are going the same old shit many other trading platforms are going-faking trading volume to make them look bigger than they actually are. I'm glad that they got caught and now it's time for punishment. This news makes me think that the cryptocurrency industry really needs more strict government regulations,all though I hate regulations,but I'm sick and tired of the trading platforms faking trading volume. |
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Today, the US stock future goes down near 900 points then the bitcoin prices goes down too. It happened the same in March 2020 when the US stock market goes down then Bitcoin goes down $4500. Any one knows the psychology or the mood of the trader? Thanks.
The global stock markets were down because of the expectations of a second wave of the coronavirus pandemic.The crypto markets shared the same fear.Basically the greed and optimism returned on both the crypto and stock markets during the last 2 months,caused by the slow recovery and removal of the lockdowns. Now all that optimism about a fast economic and financial recovery might disappear. The "mood of the trader" right now is just uncertainty (if we can call this mood). |
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All the popular so called "money making" apps on Google Play are just a bunch of "get-paid-to" or GRT survey websites,where the average user has to complete survey offers,shop and get discounts,watch video ads and install other apps.You can't make money with them,unless you live in a Tier 1 country(USA,UK,Canada,Australia,New Zealand).Faking your IP address via VPN or VPS will lead to your account getting banned. It's a total waste of time. |
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It would be really hard to maintain a "controllable cryptocurrency market",but this option is way better than a total crypto ban in Russia.At least the government could impose taxes on the revenue generated by the crypto traders.I'm not a big fan of crypto regulations,but if we have to choose between regulations and a ban,I would definitely choose the first option.
Russia is a very important country for the cryptocurrency world and the Russian government and legislators keep sending controversial signals to the crypto users and businesses inside the country.
Having long term clarity about the regulatory frame is very important for every business.
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This is a well known scam.Some hackers are stealing established Youtube accounts and launching fake video streams using the names of well known tech billionaires(Musk,Gates,Bezos) and running those fake BTC giveaways.In the video description they are posting something like:"Send one BTC,get two BTC back"
It's a pretty stupid scam,but the Youtube algorithm was boosting those videos,therefore giving them fake authority and credibility.Anyway,Youtube recently changed their algorithm and now those scam video streams aren't ranking.
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I know such kind of news don't really make a buzz anymore. But when it comes from company whose CEO is a known bitcoin hater, it makes room for discussions. Bitcoin.com reported, JPMorgan’s strategists have reportedly found bitcoin’s market structure to be more resilient than those of currencies, equities, Treasuries, and gold. In a new report on bitcoin’s stress test, JPMorgan wrote that cryptocurrencies have “longevity as an asset class.” Ref: https://news.bitcoin.com/jpmorgan-bitcoins-market-currencies-equities-treasuries-gold/Changing stance of one of the largest bank in the world. What does it signifies? Jamie Dimon might not be a true bitcoin hater.He just played a role of the hater.He actually doesn't care about Bitcoin at all. It seems weird to me that JP Morgan's strategists spent time and effort researching the cryptocurrency markets.How did they manage to gather correct information(and is their information and data actually correct)?Most of the crypto exchange platforms are still faking their trading volume. Are we heading towards mass crypto adoption by the big banks like JP Morgan?I don't think so. For some reason I think that this is fake news. |
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Do you know job/investment related to crypto that provide stable $100 daily income?
Ok, so I'm currently holding few coins at the moment and I'm waiting for the next crypto ath. I'm trading on Binance but the consistency of winning is not there. I'm on the side of losing, to be honest.
I'm thinking of becoming a merchant for BTC-Paypal and vice versa but I don't know how to start it yet. I'm still doing my research on how can I gain profits from being a merchant. Being a merchant also needs trust from the community so I think it will be hard to start but I will push it to become a merchant once I finalized my case study.
At the moment, I am looking for a stable business or a stable job related to blockchain or cryptocurrency where I can earn $100/day. I know there are a lot of guys in this forum that have bright ideas and I'm hoping I can get one that I can try.
Cheers!
A job and an investment are too completely different things.An investment involves the risk of using your own money,while in a job there's no risk,but you just trade your time and your labor for money. There's no legit crypto investment that can promise you 100 USD daily income.There ones that are going to offer such returns are usually scams. If you wanna get a 100 USD per day cryptocurrency job,you will have to learn programming and coding,which is time consuming and really difficult. Selling BTC to Paypal is very risky,unless you are dealing with some highly trusted people. |
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We could make money with pennies ... we would need someone that we can trust to manage the pennies for us
For example nobody can deposit in a bank 0.01 cents and get interest ,or you can't buy a stock ,btc or other cryptos with 1 penny
But imagine if 1000000 people join together in a pool and each user has to deposit 1 penny each month for 30 years ,if he does not deposit he will loses his pennies /investment
And after 500 years his grate grate grandson or granddaughter is allowed to withdraw if he has the secret code you gave your son / daughter etc ,if no one claims the money it will be distributed among others investors grate grate grand children or how ever you decide that you want to get that money ...You will make them rich beyond their wildest dreams ...with compound interest and just some pennies Damn,this is the most ridiculous financial idea I've ever seen. How the hell can you convince 1 million people to join this "pool" and consistently pay 1 cent for 30 years? 99,99% of the people wouldn't even bother to join such "project",because it's a waste of time,not money. People want a return of investment to come as soon as possible.Nobody would invest money and expect a return after more than 20 years. Pennies aren't created for buying stuff.They are created for receiving change,after you buy something. |
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Today i will be listing out the top activites a strong believer of bitcoin should be involved in;
1. Learning Bitcoin
2. Buying Bitcoin
3. Hodling Bitcoin
4. Democratizing Bitcoin
If you are a strong believer in the technology you should at least partcipate in all these activities
What do you mean by "democratizing" Bitcoin?Promoting BTC to other people,I guess.Well,I can't do that because there aren't any people in my small social circle that are interested in technology,innovations,fintech and finance.I can't promote Bitcoin on social media,because I simply hate social media and I have deleted my Facebook,Twitter,Instagram and Linkedin accounts.Social media is 99% a waste of time and effort. Anyway,I'm learning,buying,earning and HODLing Bitcoin,so I'm close to the average Bitcoiner,I guess. |
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