ICOs should definitely be regulated considering that it can be used for money laundering. It would make newcomers trust the space. However I don't approve of them requiring bounty participants to complete kyc since they didn't participate in the sale.
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There are 4 bitcoin atm here in my country and I'll tell you why it isn't helping adoption-wise. The fees are too high when you use it it almost feel like a rip-off. This makes people think that bitcoin is just another scheme to take advantage of people's curiosity.
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It definitely is a good time to introduce bitcoin to others. The price now is low so they will expect less and be interested more in the tech behind it. Although some people are not interested in the tech, they can still find value in it since bitcoin is deflationary currency.
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Well coming from someone who has a signature banner from an ICO, this might sound dumb but I don't think investing in an ICO is a good option. Many turn out to be a scam or just simply fail because of lack of raised funds. Better yet, buy cheap coins which are already trading and has a strong foundation in this space like those coins in the top 10 of cmc.
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Do you agree? Despite the numerous attempt to destroy it, Bitcoin do not died and it thrive.
Actually even if its price indeed reached zero, technically bitcoin is still alive since it will be remembered in history as the first tech(?) to utilize blockchain. Also, if bitcoin dies in the future, I'm willing to bet that we'd already discovered a more superior form of bitcoin or electronic cash or whatever they'd call it.
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The ICO market is already saturated and is in a decline since last year. With that, bounties are no longer profitable. It's time for bounty participants to practice what they've learned in this forum and earn money now by not depending on bounties.
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As I see it, there's really no need for bounty participants to do kyc since they didn't participate in the sale--technically they are not "costumers". This might just be the tactics of the team to reduce the expenses in the bounty since if many participants failed to comply to kyc, there'd be less people to pay.
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Its a good thing that many people have doubts concerning bitcoin. It just shows that they are thinking for themselves and are not just mindless sheep lured in because of earning fast money. This way, in this period, we will find who are actually in it for the long run and will end up having a more devoted community in the future.
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It's unreasonable to speculate what's gonna happen in the future based on the past in this space where a single news can affect the market greatly. Imo There isn't really special about chinese new year this time of the year for crypto, its just that people escalate to FUD or something..
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I am sure that at the moment the government is very actively manipulating the price of Bitcoin and this will continue for a very long time
That might be the case. As I see it, the central bank could print fiat (worthless and has unlimited supply) and then buy bitcoin (limited supply) with it in exchanges. Even a few statements from the regarding cryptocurrency could cause FUD.
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It's biggest obstacle imo is the government. People will probably believe what the government say so if it deemed crypto to be a bad thing, people will assume it as such without actually verifying the information.
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I watch boxmining -he's really good at explaining things and dumbing things down. His early vids where he tackles different coins helped me a lot in understanding this space more.
There's also ivan on tech. He's good in explaining technical things.
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Blockchain has many latent potential so I belive that it would be the next internet. Of course, this goes without saying that it would take many years before it can be adopted by the public at the level of internet.
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One of the successful ICOs I know is electroneum. It reached hardcap and is still above ICO price now. It is included in the top 100 crypto in CMC and most of all, the team is very credible and hardworking. There are some other hardcap ICOs that failed to deliver their promise like INS.
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IMO the market will be retaining this bear market situation for quite some time but not to the point where it will fall or crash severely. There are no new investors coming into the market and the remaining ones are either pulling out of the market or just sitting on their bags waiting for the pump.
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Although the trend shows that every year, the price pumps, we still cannot be assured that it will happen now. The best way to handle this is to not sell your holdings be it alt or not. If it is alt and it pumped, bitcoin will act as a leverage and increase its price several percentage.
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The internet is unlimited resource. There are various sites I visit to be updated in new alts like youtube, twitter, reddit and facebook. Include some ico reviews like icobench, icodrops and icoalert.
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I suppose China will win on the long run. Them contributing a large hashpower in this space plays an important role here. Plus, I believe that there's more whale in China than in US. Not entirely sure how crypto-friendly are those said countries but I bet U.S. is more strict.
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Quite outstanding work for them considering the fact that cryptocurrency are a new tech and they managed to integrate it to an old system. Thumbs up for understanding that people also have an option to pay taxes in any way they want i.e., crypto. I hope other countries including mine follow suit.
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China is also the main reason of this dump. Imagine most of the miners are there and the also need to constantly sell their bitcoins to sustain their operations. Though I don't believe they can single-handedly destroy bitcoin. As we can see last year, they tightened up regulations in ico (and actually went far as to ban it) but after it happened, it didn't significantly affect the ico market then.
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