|
About 90% of the entire number of people in the Bitcoin ecosystem value Bitcoin as a financial asset rather than seeing it as a currency used for exchange of goods and services. Most of them usually prefer to hodl their Bitcoin rather than using it for their online transactions. If this continues, its gonna take a long time for Bitcoin to be seen as a currency for exchange of goods and services..
|
|
|
|
|
Due to the centralized nature of the entire banking ecosystem, transactions are needed to be verified manually by the central bodies controlling the movement of funds. With blockchain technology and Bitcoin, transactions are peer to peer making it easier and simple for confirmation of any transactions made on the network within verification by an external body. Bitcoin and cryptocurrencies make the world look smaller and connected.
|
|
|
|
Interesting analysis. But I don't really think this is needed in the crypto ecosystem. Ten years ago Bitcoin and blockchain technology were introduced to the world and the identity of the person or the team who developed it were not known. Nobody needed the identity of the creators to believe in this amazing piece of technology. Why bother yourself trying to find the identity of Satoshi Nakamoto  This is not need... |
|
|
|
|
Its either you don't understand the whole idea of blockchain and cryptocurrency or you are just ignorant of the true purpose of blockchain and cryptocurrency. There is no way cryptocurrency will disappear. Cryptocurrency is the new revolution of money and its gradually changing and transforming the way people do transactions online.
|
|
|
|
|
Sell all your altcoins for Bitcoin can either be a good investment strategy or a bad one. Considering the current state of the crypto market, I will prefer to either keep all my altcoins or change my Bitcoin into altcoins since altcoins have good profit margin returns than that of Bitcoin looking at their price differences.
|
|
|
|
|
The bull run started in the month of April and we are still in it till the end of 2019. In as much that there are fluctuation in the prices of both Bitcoin and other altcoins doesn't mean we are not in the bull run. Currently situation of the crypto market is best tool for every investor to monitor and start investing to maximize the benefits associated with the bull run of the crypto market...
|
|
|
|
|
Considering the current state of the crypto market and the trends in the pattern of price changing of most altcoin, Ethereum and Ripple are currently best coin to either trade or invest in. Ethereum and Ripple present between 7% to 15% invest or trading profits from your initial investment income within a short period of time.
|
|
|
|
|
We live in a world where people always want to know the source and identity of everything or individuals behind any idea or invention. But I don't really think knowing the identity of Satoshi is necessary since Bitcoin has been around for 10 years now and still operating perfectly. I just hope all this drama will come to an end soon.....
|
|
|
|
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=229588Current amount of posts (including this one): 1157 How many merits have you earned in the last 120 days: 9 BTC Address for Payouts: bc1qw7yw2t4p3m5yrklzkcqmt8jd65wvv3aakm3gmy will change the signature once accepted |
|
|
|
Getting suggestions from people here on what type of crypto coinss to add to your portfolio is basically not very advisable to do that. Spending time doing your research in the crypto ecosystem to identify cryptocurrencies with good potential is always best and also helps you to know the basic factors that influence either the raise or drop in the price of the coins of interest. What someone may consider to be a good coin for investment may not be perfect for your investment strategy or plan. |
|
|
|
|
Ethereum and Bitcoin can be considered as a best way to store money but the only problem with these crypto coins is that they both have the power of either increasing in their market value or decrease. But if you are only interested in just storing your money without getting any passive increase in its initial value then I will suggest you store your money in any of the stable coins available in the crypto ecosystem such as USDT. Such crypto coins have no depreciating factors.
|
|
|
|
|
I don't think I will agree with you on the idea that scammers are lazy. No lazy person can be a hacker or scammer. Before you can scam or hack someone, your need to be smart and spend huge amount of time researching and studying every thing about the people or group you want to scam or hack and lazy people don't really have that time to do that. Most of these hackers or scammers do what they do with the intention to either take advantage of people who are ignorant or discover weakness in the security of crypto platforms.
|
|
|
|
|
Crypto mining is no longer a short term investment venture but its now a long term investment avenue. The profit margin of crypto mining for short term investment plan is very low compared to long term. The only way mining can be profitable to anyone interested in mining is by joining the mining ecosystem with a long term investment plan and strategy. That is the only way to make a decent profit from crypto mining....
|
|
|
|
|
The protection of your crypto coins or digital money solely depends on how well you knowledge and understand the various ways and options in keeping your wallet safe. The only way a hacker or scammer can get hold of your coins if they have access to your private keys or the seeds and passwords. To keep your coins safe, you shouldn't login or sign up to any website which looks suspicious or not legit. You should always check every website you open or sign up on. Hackers mostly use fishing sites to obtain private keys of most people in the crypto space...
|
|
|
|
|
I always wonder why people are too anxious to know the identity of who Satoshi Nakamoto is. Knowing the identity of Satoshi Nakamoto will not add any relevant development to the entire crypto ecosystem... people just need to understand and know the true purpose for the creation of Bitcoin and the solutions it has brought to the entire financial ecosystem.
|
|
|
|
|
Depending on how long or short you will be willing to own these coins (LTC and ETH), Both coins have good potential of generating good return profits. In my personal opinion, Ethereum is a good coin for both short and long term investment but it is perfect for either daily trading or short term investment. It has a profit margin between 20% to 50% return profit based on the current trend in the crypto market. Ethereum is definitely the best coin to own.
|
|
|
|
The rate of scam and hacks in the cryptocurrency market keeps growing at an alarming rate. In my opinion there best solution to these crimes in the cryptocurrency market are
1 ICO regulations: if there is ico regulations then investors should only invest in ICOs that are certified and meets the required standards. This will reduce the scam rates as fake ICOs will not be able to raise money for investors anymore
2 Smart contract Auditing: I think in other for coins and exchanges to avoid hacks and attacks they should constantly audit their smart contracts at regular intervals (like every 2 weeks or every month). Doing this will help them detect the bugs and loop holes in their smart contracts and correct it before it is used by hackers.
In addition to these, one of the best solution for scam in the crypto ecosystem is knowledge and understanding. These are the essential tools needed to avoid been scammed in the crypto space. These help you to know what to do at any moment in time. |
|
|
|
|
new people joining the crypto ecosystem can either be good or bad. It will good in the sense that these new people are joining the crypto space truly believe and understand the purpose of the blockchain technology to the entire world. This is bad when they are just interested in making profit from their investments and later leave this ecosystem.
|
|
|
|
That's right the use of 3FA security check would really enhance the security systems of cryptocurrency exchanges so that they don't get hacked and the funds of users would always be safe.
I don't think introducing and using 3FA security will enhance the security nature of their platform. In as much that 3FA is an upgrade of the previous 2FA, hackers will not give up the attempt to penetrate this security check. |
|
|
|
|
Show Posts
