Does anyone knows about upcoming ethereum staking concept? "Due to these events, it was decided that Ethereum will switch to a PoS blockchain in January 2020. Let’s see how this will work and why ETH might become one of the best staking coins in the market."
What do you think this will affect the Ethereum price on 2020. I am curious about the staking pool mention in this articleIts a good good news about ethereum holders.
Links : https://paybis.com/blog/best-staking-coinsI think that price of ether will decrease just because of 2 main reasons 1. People will tend to move to bitcoin considering the upcoming bitcoin halving 2. As Ethereum will move to PoS, it might result in bugs in the beginning hence making the network unstable leading to an increase ether's fees and decrease in ether's price |
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investors are invading some exchanges why not developers? i know listing fee can be huge but few exchanges are just scam practitioners, developers should take their time to check out scam accusation thread on this forum and see how many people are been ripped off by these so called exchanges e.g idax p2pb2b among others
If the coin is valuable and has good potential then there won't be any need for paying fees for listing the coin on an exchange. The project must be truly promising so that it grabs attention from the investors and then they will want for it themselves. Why list on an exchange when the same can be sold from the project's website itself. The point being, if the coin is good enough then you will not have to go to exchanges for listing the coin. |
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I really respect your ideas and your post, but one thing that should be clear to anyone that have bitcoin:
Never involve bitcoin with religion.
bitcoin has to do with science, has nothing to do with religion. discussion about religion never ends well
You are absolutely right. Never involve bitcoin with any religion, it will only create more problems. People tend to get personal when it comes to religion and start to assault others over it. Bitcoin is something much different and is created to solve problems and not create problems. |
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After the boom of bitcoin in end of 2017 it caught eyes of general audience and many people who thought it as a great investment opportunity bought bitcoins and this is now continuing more and more people with little technical knowledge joining the bitcoin community it was essential to happen this for bringing bitcoin in mainstream but with that this made this era paradise for scammers every day many scams come into existing now their number are growing faster and they target people with less technical knowledge of bitcoin they are likely easy to get scammed some of common scams the scammer pulls are :
1. Cloud mining scam where they make users to invest in their cloud mining and give them a very small % of their amount daily and also encourage them to bring more members so they can get extra rewarded after a time when deposit amount starts to slow down and withdrawal amount starts to increase then their threshold they simply vanished.
2. Multi level marketing scam this work as from oldest days just invest an amount bring two more make your own tree and earn rewards starting ones in this scams who are able to get many other people always get profited and 99% of members who are in down ranks get scammed they do the same when incoming amounts slow down and outgoing amount reach a certain threshold they simply vanish.
3. The seed hack scammers are approaching people saying we will teach you how to make 100$ in one hour and you need to give it to us most common people don't know about seed and put their btc in online wallet such as coinbase or blockchain so scammer get their screen shared and make them transfer their btc in a wallet such as electrum and got their seeds screenshots open their wallet in their own computer and transfer the amount people had no idea what struck them .
4. Investment scams deposit x amount and get x amount this is the most common type of scams getting all over the internet it is a small amount scam usually people don't mind to fell in it by giving 5-50$ of amount to these scammers .
These are some examples of classic scams affiliated with bitcoin and cryptocurrencies as bitcoin community is in main stream these types of things confuse people by saying bitcoin is a scam and what ever they try to do with it they ended up in the scam. With their less knowledge about bitcoin it is nearly impossible to make them understand that they are victim of classic scams and it is nothing to do with btc but for these scams they cant go any where or report it they feel vulnerable in using cryptos many individuals trys to point out some scams which get into main stream but this thing need to be done as a collective effort. I propose to have a plat form for normal people teaching them basics of bitcoin as a 9 year could understand all this. because community platform like bitcoin talk have a way to much advance topics which confuse or scare the new non technical people .
I agree with you but these days anything can be found on the internet. There are already many websites which explains bitcoin, it's functionality, it's use cases, possible scams etc.. It's just a matter of minutes and all the information is in front of you. But there are many who do not bother to research before investing their money on anything. People only lose their money if they don't pay attention to what they are doing. Anybody who buys bitcoin should know how to use the internet then why do people don't research before investing their money ? |
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I think you are in a misconception that the limited supply of bitcoin is the only factor for it's price going bullish.
There are so many other factors as well which derives the price of bitcoin, the most important being the trust which people have on bitcoin.
So comparing Motorola with Bitcoin with respect to it's limited supply is definitely inappropriate.
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Yes you are right. You can try using mixers but then that's risky too if you deposit such a big amount.
Anything would be risky for such a big amount. Anyway, ultimately the amount will be in your hardware wallet and the transaction will be recorded on the blockchain.
So if it's a public blockchain like bitcoin has, then any person who has the whole blockchain's data in his PC would be able to track down addresses which has more number of bitcoins.
It's not so hard for a hacker to find out addresses with large number of bitcoins.
But I think you should yourself safe if none of your addresses reveal your identity.
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It's a great move by TF1 and France supporting it is like an icing on the cake.
A small step can lead to bigger changes and this small move by TF1 might result in bigger institutions start accepting bitcoin as well.
If many institutions start accepting bitcoin then it might be globally accepted in no time.
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Why do you guys wanna indulge yourself in such a hassle and risk of undergoing the KYC process. Let me give you guys a better alternative.
It's probably a good solution for anybody who has been using WazirX for a while.
Step 1 : Buy USDT on WazirX using P2P by depositing INR to the person's account.
Step 2 : Exchange the USDT to BNB (Yes, BNB is listed on WazirX now)
Step 3 : Send the BNB to Binance exchange and exchange for whichever coin you want.
P.S : BNB deposits/withdrawals are currently disabled but will be enabled soon so we will have to wait until the time being for the above solution to work.
So that we could skip Steps 2 and 3 in your alternative method. When P2P will be implemented in Binance, it will be better to use Binance than WazirX if you don't worry much about KYC. Haha. You seem like a lazy person (no offence). Compromising a few minutes to safeguard your identity should be the primary goal of an individual. I can spare hours, if it protects my privacy. |
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I have a friend who owns a store and deals with crypto. Although they both are two separate things and he doesn't use crypto as a payment method in his store, he still trades crypto.
Crypto is kind of illegal (not officially announced though) to use in my country. So even if he does want to use crypto as payment source, he simply won't be able to because of regulatory issues.
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So what is the situation now, is there any investigation being done, i did not loose any coins because i never used to keep any coins in any exchange but the manner in which they lost the funds and one man holding the private key is dubious and since there is no regulation and the government is not having any clarity on what to do with it, i do not think there will be any investigation on the subject, if not we would have heard something by now as it is more than a year.
But the above letter says that the private keys were being held by Dr. Amitabh as well as Mr. Mohit. So we never know who might be the actual fraudster here. Besides that, it's too difficult to crack down such frauds and trace the bitcoins especially when the country doesn't have any regulations. So I guess nothing is gonna happen in this case. |
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So, I tried to buy Bitcoin from Binance via the new payment gateway. Looks like we have to complete KYC(personal ID and Facial ID) in Binance to make an INR deposit. So, I stopped right there. Didn't want to go through another KYC
Anyone tried yet? Made a deposit?
So, I tried to buy Bitcoin from Binance via the new payment gateway. Looks like we have to complete KYC(personal ID and Facial ID) in Binance to make an INR deposit. So, I stopped right there. Didn't want to go through another KYC
Anyone tried yet? Made a deposit?
If you complete the KYC is it possible to send money through your bank account, not sure how that works, or we will there be a conversion charges and other transaction charges, i would like to have some clarity before trying. Actually, I was also looking for the same answer, that's why I made a try to deposit some INR. But when it asked for KYC, I stopped :/ It would nice to know if someone who have already completed KYC in Binance and the new payment gateway. I tried the new 'Buy Crypto' feature of Binance and following are my observations: 1. KYC Process - KYC Process was smooth and instant. I submitted my Driving Licence and Selfie and that was all. Unlike some stringent KYC norms (which also ask for utility bills to verify address), it was relatively less strict. Once documents were submitted, Binance used netverify AI to access the authenticity of documents. I don't know how reliable these AIs are but I received the documents verified and KYC successful e-mail just 2 minutes after submitting documents. 2. Buying Crypto - You can select INR from drop-down and the minimum amount to buy is ₹1000. Binance uses Simplex and Koinal services to allow the trade between INR and BTC. Simplex and Koinal are global forex services which allow crypto-purchases from VISA/Mastercard Debit/Credit Card. These services charge 2.5% over-the-top fees and also inflate buy price by 2-3% so current Buy price will be something around $7700 - 7800. Also minimum INR purchase is ₹4000 on these services so ₹1000 which is set by Binance becomes irrelevant in final step. 3. Selling Crypto - It is not possible to sell cryptos for INR on Binance at the moment. My feedback: I won't recommend to use Buy Crypto option on Binance due to following reason: - Risk: It is always risky to buy crypto directly from corporation since RBI issued ban on banking services to crypto businesses. Although it's a kind of indirect purchase but still international transaction and on top of that for crypto purchase, banking software may mark that as suspecting transaction and bank may freeze your account.
- Fees: So first they charge crypto purchasing fees which is 2.5%. Then they inflate Bitcoin price by 2-3%. Third, they charge INR to USD conversion fees. It becomes very expensive as compared to P2P option.
Why do you guys wanna indulge yourself in such a hassle and risk of undergoing the KYC process. Let me give you guys a better alternative. It's probably a good solution for anybody who has been using WazirX for a while. Step 1 : Buy USDT on WazirX using P2P by depositing INR to the person's account. Step 2 : Exchange the USDT to BNB (Yes, BNB is listed on WazirX now) Step 3 : Send the BNB to Binance exchange and exchange for whichever coin you want. P.S : BNB deposits/withdrawals are currently disabled but will be enabled soon so we will have to wait until the time being for the above solution to work. |
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People do have the option to choose Big Mac over Cheeseburger yet there are people who specifically wants to eat a Cheeseburger and not a Big Mac.
Obviously there is a difference of quality and taste in-between the both. Similarly, though there are many altcoins to choose from, people still choose to invest in bitcoin. Bitcoin is trusted by many and it's the sole reason why it has increased in price so much today.
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It's not necessary that China is the sole reason for the current drop in price of bitcoin. Bitcoin has been idle from a few weeks and I think it had to show some motion and may be that's why it dropped.
May be the shutdown of Binance and Bithumb just boosted the drop further which caused a significant difference but we can never tell what's the actual truth.
Never believe media because they just show us what they want to and the information shown to us might be manipulated just like how the data on Coinmarketcap is manipulated too.
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Bitcoin has come a long way in just 10 short years. Despite the bitcoin price struggling to regain its highs this year, the long-term trend is hard to ignore.
The bitcoin price is up a ridiculous 10.6 million percent since CoinDesk began tracking it back in July 2010 — rising from 0.06 cents to $6,421 over that time. 10th anniversary of Satoshi Nakamoto’s release of the bitcoin whitepaper — leading many to look ahead to what the next 10 years will bring. Bitcoin has dominated investor interest over the last ten years, but that could be very different in the coming decade.
It’s only in the last five or so years that bitcoin has had any major competitors. Ethereum, the world’s second largest cryptocurrency by market capitalization, was first conceived in 2013.
“I believe that bitcoin’s influence and dominance of the cryptocurrency sector will drastically reduce in its second decade,” said Nigel Green, founder and CEO of deVere Group, a financial advisory group.
“This is because as mass adoption of cryptocurrency grows, more and more digital assets will be launched – by organizations in both the private and the public sectors. This will increase competition for bitcoin and dent its market share.”
Green expects the bitcoin and wider cryptocurrency market will expand by “at least” 5,000% in the next 10 years — meaning it could be worth $20 trillion, up from $400 billion today.
Now bitcoin price 7282$
Bitcoin has grown so much just because people used it as an investment and not as a currency. Satoshi created bitcoin to be used as a currency. The first decade of bitcoin was really amazing. Seeing bitcoin grow from $0 to $7000 despite all the dumps and negative promotion is truly remarkable but I wish it would have grown more naturally i.e, by using it as a currency. If it were so then bitcoin would have been more stable today and have been at a natural price rather than a manipulated price. |
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Congrats @ragavancoin . You deserve the reward for at most accurate prediction. Most of us predicted a boost in bitcoin's price while only a few predicted about the dump.
Dumps are necessary for any coin so that it can increase in price with more stability and you have predicted the right time for the dump.
The speculation game was indeed fun but let's join hands to bring in more similar games/competitions to bring in more new members. Let us all contribute to make the Indian sub an even better place.
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Binance exchange entering the Indian market right after it's Shangai office getting shut down. How weird is that ?
Now that's a big coincidence or may be a planned strategy. Something does smell fishy here though.
I think it would be better off if we keep using WazirX as we were and stay away from Binance - WazirX gateway.
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As of writing this post the price is about $7500. The price has fell down from $9500 which is a straight decline of $2k.
The price should have increased at this stage since it's the end of the year and BTC price generally increases in the year end.
Besides that, the upcoming bitcoin halving would surely attract investors to invest in BTC.
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You are actually not losing any money if you are not actually selling them at a loss.
I would rather prefer waiting for a long time than to sell at a major loss considering the potential of the particular asset and the circumstance due to which the asset is in a loss in the current market.
I had just lost a minor portion of my investment in the beginning days of trading until I realized this fact and since then I guess I am doing pretty well.
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As you already mentioned that BNB is a good option to invest in Binance exchange, there is one hybrid exchange which I think is good to use and it also has it's own token.
The token has been under performing lately due to bitcoin going down in price but I think it's quite potential in the long run.
I am talking about Eidoo token which has its own exchange called Eidoo exchange. It's also listed on coinmarketcap and had launched a campagin on bitcointalk too.
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