Bitcoin is currently trading at 6k but there has been a consistent prediction that before the year ends it will be up to 25,000. I want to know how many of you share in that optimism because at present, it's all bearish and nothing more.
We have seen too many predictions, but none seem to come true. Most of the predictions are just some wild guess. But again many are willing to place bets that the price will eventually cross $25,000 and is bound to rise. Let us just hope that government around the world starts to soften up their restrictions on crypto currencies. |
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Every time I visit this forum the majority of topics are panic people, Bearish market, some are complaining, saying no Bullrun this year, Bitcoin is dead again and much more negativity, people are losing hope, I feel sorry for the newbies in the market and to all the new investors in crypto, it is obvious that the market is being manipulated, so don't fall for this trap and don't panic because the Bull is coming. Here are some big players that already in Crypto market this year. Crypto Wealth Is Being Redistributed Over the last 90 days, we’ve seen some of the biggest investors in the world flood into cryptos: Wall Street investment bank Goldman Sachs announced that it would launch a crypto trading desk. Susquehanna—the 12th-largest trading firm in the world by volume—announced it would start trading cryptos, too. The firm even went as far as creating its own custody company to hold its cryptos. Billionaire investor George Soros—one of the world’s greatest moneymakers—gave the green light to his team to buy cryptos. Coinbase—one of the world’s largest crypto exchanges—launched a crypto index fund for wealthy investors and institutions. Financial services company State Street said it’s considering acting as a custodian for bitcoin. State Street has $2.7 trillion under management. Wellington Capital—with over $1 trillion of assets under management—stated its intention to start trading bitcoin. The Rockefeller family’s venture capital firm, Venrock, said it’s also buying cryptos. Do the math people, Why is the market Bearish? Read this Article: https://www.palmbeachgroup.com/content/palm-beach-daily/the-great-crypto-conspiracy-of-2018/42883/Lets hope the bull run happens soon. Everyone has been hearing on the media that the price will be rising soon. But this soon never seems to come. We actually can not predict the crypto currency market at all. All these people and firms you mentioned might cause an impact on the crypto currency market price, but we never know what is going to happen. Currently, i wouldn't say that market is bearish at all. Price are some what stable with less fluctuation. |
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What do you guys think of the current ICO's rating system? Are you satisfied/happy? Do you think it reflects the real projects value? Does it help you to find right ICO's to invest to? What do you think about experts (even very well known ones) who provide corrupted ratings?
There are way too many questions. Let's discuss)
What rating system are you talking about? You will see tons of articles online which promoted scam ICOs. One thing you will notice that, most of the ICOs have almost the same "positive" review. This is because the ratings and reviews you find are actually for the paid for. They ICO developers pay them to write a review about their project and naturally the bloggers write positive review with a hope of getting paid extra. So i would say the ICO ratings are actually very unreliable. |
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Yeah, bitcoin price correction is actually very healthy for the bitcoin market. Like, think about the price last year. The price almost sky rocketed to $20,000 USD. This was an abnormal price rise. And then price ended up correcting at around $8,000 USD. But compare the current price with the price before it when high. We are still on the green side. The pace at which the price rose and the pace at which the price corrected is actually very low. Correction helps us to get rid of weak hands too.
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That's the max that I can afford at the moment (I'm 22) but I want to save it on a wllet of paper and give it to my sister telling her to keep it safe and that we will give it to him when he is 18 years old. Do you think is a nice idea?  You could do that since 0.01 btc is quite affordable right now. So if something happens, you wouldn't losing much to be honest. But do keep in mind that you will need to securely create that wallet and make sure nothing damages the paper wallet. Better to make some other sorts of backup just in case. And if everything goes fine, i guess the 0.01 btc will worth a lot in 15 years. |
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There is actually no such thing as a "good time to invest on an ICO". You can make profit or you could lose it all. Depends totally on the project. Make sure you are investing on an legitimate ICO. Not some shit scams (which most of the ICOs are) that are taking place every day. Take your time and do your researches and think twice before you put down your money on that ICO.
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I don't know how I Explain my feelings. I Just lost all of my savings money. I was holding since January, I have been Holding to make again a good amount of Money. But at the end, my holding's output is, I lost everything because of my ETH wallet got hack! Almost 5K USD Stolen. All of my hard working money. I Don't know how can hacker hacked my wallet. Because I Kept very secure my private key, My friends are telling that hacker hacked my wallet by my email address. But how can someone hack only by an email address? I Got a security alert from Google that someone has your password after then I changed my password immediately. Then after some time, I was checking my wallet to check new Coin. And then I Shocked! I Just want to give up, can't think what should I do  Did hear about some DNS hijacking taking place few months back then. But they fixed it so it is actually something else let lead hackers to steal your money. Are you sure your computer is free from any kind of viruses or malwares? You sure you were never phished? I would recommend you to do a full computer scan and make sure you are free from all kind of viruses. |
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Hey all. To those of you that own altcoins and store them in wallets, how do you make sure the wallet you google is legit? Example there are over 1000 coins available on coinmarketcap.
Let say you buy 10 different coins on bittrex and binance. Let say they are not compatible with your hardware wallet such as ledger nano s or trezor. Thus you have to download the actual wallet itself or keep it on an exchange. There is a thread here where ppl say don't keep your coins in an exchange because its not safe. First off, if you keep your coins in the most legit exchanges say bittrex or binance... is that generally safe from hacks? Now what if you have 2FA on it as well. Is that safe enough or not? Someone mentioned if you have 2FA on it, then thats good enough.
Now in terms of altcoin wallets, do you people who own say altcoins that you cannot store in a hardware wallet all download the actual wallet for that specific coin? But how to make sure that wallet is 100 percent legit? Example say its bluecoin or greencoin to make it simple. You can't put those coins in nano ledger s or trezor. Then where do you store these coins? I think it would be really annoying having to download all these wallets for every coin you own that isn't allowed on a hardware wallet.
Doesn't matter how reputed an exchange is, it is never safe to store your coins in an exchange wallet. No matter how much they say that they are secured, they are always prone to getting hacked anytime. Again the exchanges might go down temporarily when you need your coins most, thus having no access to your wallet. To know if that wallet is legit or not, always download from their official website and make sure you are downloading from the right website and not getting phished. |
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How do you think banks make money, how does a bank make money to pay its employees and business operational?
Does the bank rely solely on interest on loans from banks?
Most of the money comes in through the loan. When someone deposits money in a bank for fixed term, their money becomes available to be lent to other people. When people takes those loan from bank, they will have to pay back with interest. This interest is their main flow of making money. They also get money from their various service charges too. Don't forget the amount of users they have who uses creditcards and have to pay back with interest. |
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Bitcoin is still on its infant stage. The blockchain technology is still developing and is yet to reach its peak potential. People are still hesitating to adopt bitcoin and other crypto currency. On the other hand, the government hates bitcoin since they don't want us to have power over our own financial matters. So it might take some time before bitcoin becomes recognized as the global currency.
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I'm sure that the bitcoin price does not fall below $5000. This is a psychological level. Large investors will not allow bitcoin lower. And for a price increase, we need an reason. We are all waiting for this reason.
You are wrong on so many levels. First of all, sorry to say but the price can easily fall below $5,000. Secondly, there is no such thing as psychological level (what the hell does that even mean). Larger investors has nothing to do the pricing of bitcoin. The price is determined by all users globally (though price manipulation can take place). And finally, crypto currencies does not need any "reasons" to rise or fall. It happens on its own natural way. Think about the price of bitcoin last year. It started to skyrocket without any reason. |
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I think its good to implement kyc for airdrops. It should minimize people making many fake accounts with stolen data to get airdrop tokens. Also if they require kyc then you should be wary of giving out your info. Do your due diligence and find out about the company or team. Always be careful
They should use some other ways to fight against users who abuse air drops. But asking for your personal information and your ID isn't the best way. And one should not even give away their IDs that easily. "It should minimize people making many fake accounts with stolen data" - here the irony is that, they can steal your IDs and sell it. Most of the ICOs and airdrops are scam. They can use your information you provided to do illegal activities. |
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What you are saying makes totally zero sense. You sound like the "stupid" people over here. No way stupidity is close to poverty. Do you even know what poverty is? Someone who can not or can barely affords the daily essentials are the ones who are suffering from poverty. Stupidity is a whole different topic. If you are stupid, it does not mean that you are poor.
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Relate bitcoin with supply-demand. When lots of people starts investing and "holding" their coins, then supply of coins in the market is reduced. Thus the price starts to go up. Again when people starts selling off their investment, the supply slowly starts to increase, thus the price falls. This holding and selling is influenced by various factors, such is FUD or some good events that favors crypto currencies.
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The government has already started to tax bitcoin users. The government considers bitcoin as a form of property instead of tax. If someone has been holding bitcoin for a short term and then sold them, it should be reported on income tax. Where as holding for a long term (more than a year), you will be taxed as capital gains. But only few people have reported their tax related to bitcoin and no strict actions has been yet taken.
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I know the blockchain is the chain of blocks which contain transactions, a hash, and the hash of the previous block (Correct me if I'm wrong).
Nope, you are right. Each new blocks created have a relation to the hash of the previous block. So in order to manipulate the block, the previous blocks are also to be altered together which becomes almost impossible. So the larger the chain is the harder it becomes, thus making transactions totally irreversible. Now, to 'create' a block do you just need transactions that don't fit in the previous one or you need to 'mine' it? The real question is how are blocks created? Do they need maintenance? Why?
Thanks
Butka explained it well. |
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There are actually more than 700+ altcoin in the market. Most of them are just shit and clone of other coins. We actually see new altcoins popup everyday. Most of them are just scam coin. If you take peoples opinion from this forum, you will be getting biased answers. Since people will always try to praise the coins that they have invested on no matter how shitty that coin is. But still, i think older coins such as LTC, ETH, DASH etc actually has a better potential. Also Stellar Lumens (XRP) is also a good choice.
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last night some hacked my pvt key and steal all my eth and major eth tokens can I secure my eth address or its now in control of hacker ?  That is really sad. Think of it as a life lesson and be more careful next time. Make sure you have secured your wallet and your computer is completely clean and free from all kind of nasty stuffs. Also be careful about those phishing sites. Always do a double check when you are about to use your sensitive information. The best thing is to create a whole new wallet and forget about your last wallet. You don't want to risk anything. |
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How we compare bitcoin with tulip. Because bitcoin is the no1 position in the market. Tulip is way behind from bitcoin and this coin is also very risky for invest. On the other hand bitcoin is the best option for invest.
Lol. Dude seriously? Do you even know what the original post is talking about? Actually do you even know what you are saying? What tulip coin are you talking about? You sounded more hilarious when you said "this coin is very risky for invest". Dude, op is actually talking about tulip mania which took place back in 1636. Due do some craze the prices of tulip when extremely high and then it crashed very badly at the ending of 1637. But to be honest, the real tulip mania actually looked nothing like the last years bitcoin price. Just do a deep research and you will know what i meant. |
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From my own understanding , blockchain is used to support cryptocurrencies and verify transactions made from cryptocurrencies but what are other uses for blockchain technology besides crypto?
Blockchain acts as a public ledger for crypto currencies. It is a decentralized encrypted database whose data can not be altered quite easily. Just serving as a public ledger for crypto currencies is not its only use. Look at the potential of the blockchain technology, we can implement it in various sectors of activities which requires transparency. For example, think about the voting system. If somehow all votes of individual can be recorded on the blockchain, there is no way the voting system can be rigged. |
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