I have about $1k in local currency (Russian ruble) and I strongly believe that this currency is not the best choice to store money for long periods.
As you might know, there was a Crimea occupation done by Russians about 5 years ago. This was followed by sanctions USA and EU put onto Russia. After that ruble devaluation started. It actually could be stopped by now, at least hindered, as some serious people say, but the Bank of Russia(local fed) doesn't do anything. Though it must and has all resources to.
I suppose I will convert it to either btc or usd, I can't choose what is better... maybe I have to store money %50 in btc and %50 in usd... but I read somewhere there can be another global financial crisis soon... perhaps I could only store it as btc, I know there is a lot of people in Nigeria buying btc because its currency is hyperinflated and majority of population there don't have bank accounts. Well, the policy of Bank of Russia can also lead to unbanked population due to the fact there are lots of banks blocking all "suspicious" transactions without even explaining why it is so "suspicious". Oh and you also should tell where did you get this money and where they go to, otherwise we close your bank account, dear terrorist-money-laundering scum client.
I have reasons to believe Russia will finally turn to its African sibling in several years.
I know this is opinion-related topic and I shouldn't consider your answer as financial advice. Anyway I'd like to see what you think about it and what you would do. Even better, you could reason why you think this way.
Never keep all your eggs in one bucket - it is a very basic investment advice anyone would give, so follow it! Don't entrust your entire money with bitcoin solely, especially when Russia is so hostile about it. Also bitcoin's price is very dynamic and far from being stable! So it may either bring major profit or major losses! You never know what's goin to happen. So in your scenario, I would have gone for 20% bitcoin, 40% USD and remining 40% EUR. I have given majority of the weight to currencies (which can be traded legally) because you need to show the proofs to your tax authorities probably! |
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Hello everyone, I was introduced to this forum by a friend who advice me to be marketing IEO/ICO companies but I see trading as the only thing I picked interest and willing to spend time here to learn. As a result of this I have dedicated 5 - hours daily to learn about crypto tradibg here in the forum since my research only keep me discouraged and scared due to their negative emphasis. I will like to know the difference between shot term and long term trading and the one that is much profitable. Also the different risk involved in both.
Best Regards
CHRIS
Trading is indeed the best way to earn bitcoin and it is possible to earn a living through it! However, long term trading which is also known as swing trading, is not a very suitable style of trading for a lot of people unless you invest a large sum of money! Because in long term trade, less numbers of trades are executed so you need larger amount in profit. On the other hand, in day trade you will need to ride on the small changes in the market which doesn't require a lot of capital and you tend to execute more number of trades with small profit to make it up for you! I would rather request you to visit youtube and learn about various trading strategies! You will find a lot of channels to learn there. I can personally name "Crypto Love" and " Bitcoin for beginners" because I got immensely benefitted from them during my initial days! Good luck! |
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So I was wandering around on youtube and I came across this video( https://www.youtube.com/watch?v=Lw7M7QamQgI ). I realized that the ideas behind the creation of Libra Coin by Zuckerberg are very similar to that of Bitcoin, which I felt that he is just being smart to launch a crypto coin like Bitcoin. But do you guys think He needs the approval from these people before launching the Libra Coin? Personally, I don't think these people understood what he is trying to develop. This video really explains why Satoshi decided to remain anonymous. Satoshi knew that these people will never understand his ideas and contradict the development of Bitcoin. Facebook is a market listed company. So the ownership of Facebook doesn't really belongs to Zuckerberg. Everything they do, they have to answer to their shareholders. So they are just doing what they are expected to do - seeking licenses to conduct their business and trying to be fully compliant! Facing hurdles in the process! On the other hand, Satoshi didn't have any such compulsions! So even if the vision is same - to create a global currency, the operating structure is really very different for Bitcoin and Libra both! It will be utter stupidity if we try to compare Bitcoin and Libra! |
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If a government wants to make their own digital money, who is going to stop them? It's their own choice whether to pursue this matter or not!
But when it comes to a third party, it requires a lot of licenses and compliances to be followed. So these two types of coins can't really be compared with each other! China's digital money is mainly being created for their own people while Facebook is trying to create a global ecosystem!
There are 195 countries in the world. Each of them are different and has different economy structure and challenges. You can understand the kind of pain is faced by the legal council of Facebook!
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I don't understand how giving out 10k satoshi to every human being in the world would fuel adoption.
Unless we have merchants that accepts bitcoin, those 10k satoshis will only lie idle in their wallets. It would just increase the numbers of bitcoin wallets but not actual adoption. Actual adoption will happen once people start using it as a currency. Free money would never going to solve any problem neither it would fuel adoption!
Regulation and legalization are the only way for holistic adoption growth!
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If you see the distribution of wealth comparison worldwide, you will see that 0.6% of the world population holds 39.3% of the world's wealth! Reference: https://en.m.wikipedia.org/wiki/Distribution_of_wealthBitcoin is not going to change the equation. But it may add few more people in the list increasing the percentage of both parameters. We all are modern day slaves, that ain't gonna change for all! |
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Give me a simple answer,
What's the utility of your token? Why would anyone use your token?
I hope you get my point! Token market is dead because 99.99% of the tokens don't have any utility! Should I add your token to that list as well?
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There is no hard and fast rule to pronounce an ICO as good or bad. It's the experience of the users that tells them if an ICO can be a good ICO or a bad ICO! However, in money matters, it is very important to know the details of the project owner. If we categorize few important factors for a good or bad ICO, owner and team identification will definitely come within the first 3 parameters!
In you case, I would rather suggest you not to launch an ICO itself. Because if you don't identify yourself, your project will be scrapped after the launch. And if you do, you may go to jail! If you think that your ideas are great, go to angel investors and pitch your idea! That would help you to start your business!
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I've been tossing around the idea of starting a group of people who are committed to buying Bitcoin every month. Can be a small portion, like 5$, or however much people can afford (I suppose it would make sense to use higher amounts for fee reasons, though). I myself have set up a monthly wire transfer from my bank account to Coinbase and a recurring purchase of Bitcoin every 1st day of the month. This is really simple, and you keep investing and $-cost-averaging your BTC purchases.
Who's in?
It's the exact idea on which mutual fund houses are functioning and the monthly purchasing is called "SIP". But anyway, why do you want to create a group? Does that mean, you will first create pool of funds and then buy the bitcoin in one go, and then distribute the proportionate amount of bitcoins to the investment of the group member? Am I understanding it correctly? |
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I don't understand one thing, why do you start staking at high price when you have to sell off and book your profit? Re-read your statement below, For instance, on Saturday when Bitcoin jumped 36% from $7,400 - $10,300 my alerts on my phone were off the charts. I've seen this before, most notably when Bitcoin jumped up to $13,600 in September. Both times I felt that whales were pumping and dumping and I pushed the button on my phone to sell high but then I started shaking and canceled the sale. Sure enough, a couple of hours later Bitcoin gets dumped and goes back to reasonable levels. Given this scenario, you should have sold off and wait for the price to come back to a normal level to buy again! It's probably a psychological quotient called "FOMO" or "Fear of missing out". You are chasing for bigger profit which is turning into a loss for you! Don't be greedy! set a profit target for yourself during staking and sell off as soon as it hits the bulls eye. Then wait for the next cycle! That's how swing traders trade and make good profit! |
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Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent
Don't let them invest in what they don't know about
how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??
It entirely depends on the risk taking capability of an individual. If someone has higher risk appetite, they may go ahead and invest in an absolutely new asset which they know nothing about it! On the other hand, low risk apetite people, may not invest in anything new! It's not about only cryptos but anything! So investment decision ususlly occurs based on an individual's risk appetite! Learning can happen simalteniously and gradually! |
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Just read the article, and it does appear the Chinese government responded. They are treating it like any other illegal ponzi.
Indeed! They responded suitably by arresting the owners of plus token. That's the maximum a government can do in such financial crimes and let the court decide the next course of action. But the action against plus token has to be severe and exemplary so that a strong message goes to the scammers and a public awareness is built. This way the common mass can detect any similar activities happening in the market, like cloud token! |
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Well, that's the typical nature of a fascist government. They all love newer military technologies but hate newer financial opportunities!
When countries with progressive mentality is adopting cryptos, India is following the path of Bangladesh and Pakistan, which is indeed forcing us to go back in time! The impact is already being seen in the stock market and on various ratings from the international agencies like IMF and World Bank!
Even though a court case is ongoing in Supreme court about crypto ban of RBI, it's highly unlikely that the court will favor us! Even if the court favors us, government will simply place an ordinance to supersede the court directive! In simple term, this BJP government will not allow tech savy Indians to earn money through cryptos. Instead, it's better to open a cow dung and cow urine shop!
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People around the world know it's not easy to join a mutual fund.
It is also difficult to join funds easily online. It's actually pretty easy to join a mutual fund scheme that invests your fund within the domestic market. For international market participants, the rule may be little different. So what do you think of the idea of opening an account in a country where it is easy to join a mutual fund, joining a mutual fund, and liquidating it by blockchaining the funds? What do you mean by liquidating the invested amount through blockchaining?? Can you please explain in details. Please answer a lot,
Team members or advisors on this project Frankly I didn't get your business idea especially when you say liquidating the fund! Are you planning to launch a crypto based mutual fund where you will get investment in fiat and then invest that money into cryptos based on some pre-specified allocation? I mean that what mutual fund houses do! |
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4) We may delay the mass adoption thoughts until we fix some centralization issues What centralization issues? Can you please elaborate? Apart from the technical nitty gritties and debate between centralization and decentralization, First and foremost thing, we need to use bitcoin as a currency! If you look at bitcoin as an investment, you are getting it wrong from the first moment! Having said that, bitcoin also needs to be adopted widely to go back to the roots. Unless we have a place to spend bitcoin for our daily needs, we ain't gonna use it as a currency! So each of these parameters are inter-dependent! It's use as a currency won't be developed unless it is adopted widely. And to make it widely adopted, institutional support is needed! We can't be really blind and throw away opportunities for the sake of being centralized while the economy worldwide is strongly inter-connected! |
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Bravo! What you guys are doing is practicaly called waste management business. Even though you guys are focusing only on copper now, but I am sure you will slowly explore the option to extract more type of metals from the electronin waste. Do you know you can even extract gold from smartphones and computers? Reading below article can give you some motivation, https://blog.dell.com/en-us/how-much-gold-is-in-smartphones-and-computers/I personally have never sold off copper or any other precious metals for bitcoin. But I hope to see you forming a waste management company that accepts bitcoin as a payment! All the best! |
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Is there any way to save the withdrawal fee (usually 2 to 6 % ) in a crypto exchange after an arbitrage trading?
I was trying to do arbitrage trading and all profit goes to the exchange transactions and final fiat withdrawal fee.
What exchange you are using which takes such a high withdrawal fees? Is it a fiat withdrawal fees you are mentioning? Then 2-6% makes sense! Otherwise if you use established exchanges like Binance, the withdrawal fees should not bother you! If possible, move to exchanges like Binance. That would increase your profitability! |
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Yes! Spot on! Bitcoin is a very effective tool to bypass the government censorship in financial matters! That is the main reason why majority of the governments are resisting bitcoin and other cryptos to be adopted in the mainstream economy.
Because every governments know that if bitcoin is legalized in their economy, there's no way for them to know who is holding how much wealth and the source of their wealth unless that person comes to the front and declare that! So it effectively shifts the power to the hand of a common man! Nationalist and fascist politics wouldn't allow that!
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We have thousands of coins in the market right now, and thousands of them are dead coins do you have a coin that you've supported than turn dead and making a comeback, and will you support a coin that you've invested and become a dead coin and making a comeback.
mine was Xtrabyte it becomes a deadcoin, but adopted by a new developer and it becomes profitable.
It depends! If I have a significant amount of holding of that coin which I couldn't sell off, I will probably support that coin to make a comeback after a thourough study! If I see that the developer of that coin is serious about his project and not gonna run away with public money, probably I will support them in their comeback initiative! Otherwise not! |
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This matter has already been discussed hundred times here in bitcointalk. I understand, if a quantum computer with 256 qubit of processing power is developed, it will have the power to break Bitcoin's encryption within minutes. But do you think that a global tech giant would take any such step. Don't the fear retaliation as well as the reputation loss??
It's highly unlikely that a quantum computer will ever be used to destroy cryptos. Take example of Nuke bomb. A lot of countries posses nuke warheads, but do they use it in reality? We don't need to worry about this at all!
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