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Since you are new to crypto currencies, you should be learning how the crypto currency market works. The market does not work like the traditional trade/stock market. They vary a lot. You can learn from youtube or this forum. Then once you get to know about the basics, find coins that are undervalued but has potential and start investing on those coins. Best to start with small investments.
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Know your customer is need by some laws on some countries. This helps to ensure that no fishy business is being taken place by the investors. It is mandatory to submit on some states according to their anti money laundering law. The government is trying to become more strict on ICOs and crypto currencies and thus they are also now pushing ICOs to collect KYC so that they can keep an eye on their transactions. We might be asked to fill EDD form in the future assuming how harshly the government is trying to regulated crypto currencies.
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Hey what do you think, is it risky to buy crypto currencies that are not top 100? I mean do you have a higher chance to lose your money or not?
It is actually better to invest on top coins since they are well known and well established. Their prices are also somewhat more stable (compared to other coin price) and hence it is less riskier. But the downside is you won't be making huge profits since those coins does not skyrocket all of a sudden like other coins which are less known does. |
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Which Bitcoin wallet is safer. I'm still waiting for the response.thanks
Always use wallets developed by the developer of that particular coin. Third party wallets are filled with risks and may not be as secure as they say. Also avoid using online web wallets. They are the worst. Same goes for exchange wallets. Don't even think of storing your coins over there for long term. Chances of your account getting hacked is very high. |
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If you are talking about risks based on investment, then to be honest it is actually a risk worth taking. Just look at the market and its history. The graph speaks for itself. You are investing on a something that will give you a huge profit, then you are also carrying a huge risk. If he is talking about using daily usage of crypto currency then he might be partially right. Though we are in infant stage, all these trial and errors will help us build a crypto currency which will actually be totally beneficial in all aspects. |
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Lol. Nothing unexpected. Tons of ICO comes in and gets away with loads of money from investors and doesn't bother to pay the users. They have become shameless too, openly admitting about not paying the users. Just look out for them. They will be out there with another ICO and do the same thing once again. |
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We are a proud supporter of Fintech Companies, as a matter of fact we have put up an economic zone where Fintech companies can establish and grow their business there, enjoying tax incentives.
Welcome aboard!!!
Excerpt from news clip
"Saad Rizvi, the co-founder and chief executive officer of Coinbundle, recently met with the National Secretary of the Philippines to finalize the exchange’s registration through CEZA, the Cagayan Economic Zone Authority – a special economic zone offering a number of tax incentives to companies operating in the country’s emerging fintech industry.
“This agreement is a huge win for CoinBundle and will enable us to go to market rapidly and help our users to begin saving and investing. We’re also excited to contribute to the fintech ecosystem of the Philippines and create new jobs here,” Mr. Rizvi said.
Coinbundle is one of fifteen fintech, blockchain, and cryptocurrency companies that are set to invest in CEZA, alongside Hachiman Technology Sdn BHD, MX Exchange Ventures, IPE Global PTE, Inc. Superieur Tech Pte. Ltd., CSM, Madison Blockchain Strategy Investment Company Ltd., Asia Pacific Blockchain Association, Pacificnet Strategic Investments Ltd., SuperAngels Ventures Ltd., and ANX International.
CEZA administrator, Raul Lambino, has welcomed the partnerships, stating: “Working with virtual currency companies allows the Philippines to gain momentum in providing an environment that encourages financial innovation and inclusion, while ensuring that the best interests of the country, the financial system, consumers, and investors are adequately protected. This new development aims to drive the economy forward by creating employment opportunities and boosting job growth. The Philippines will be ready to provide cryptocurrency companies operating here with the manpower they need for their businesses.”
Good initiative taken by the Philippines. They are the smart one and knows the true benefit of letting them in. They are the one that knows how it is going to help them to make their economy stronger. Unfortunately it is only the Asian countries that are actually realizing the try power of crypto currencies and hence they the only one taking those steps and staying one step ahead of the western countries. |
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Well I see you have a internet and you can use that credit card if you have one. Buy bitcoin or litecoin? I suggest bitcoin, thereusnothung wrong with bitcoin and I have nothing against btc. It is just BTC is really a helping hand and a ling term risk situation andbase from what I read from the OPs litecoin is better for OP.
Also maybe you have a 7/11 store or any store that allows you to buy BTC. If you have that kind of store and purchased BTC you can trade it in litecoin so it is still safe no need to trade it with person to person.
Did you read the main post? He wants to buy it anonymously. Using credit card to buy bitcoin won't be keeping you anonymous. Even with credit cards you will have limits and will have to submit KYC documents which is actually another form of document to keep eyes on you. His best way is to deal through peer to peer system/face to face or exchange giftcards/prepaid cards for bitcoins. |
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Won't be changing the economy that much. Everything will still be the same. Do keep in mind that economy is not totally depended on money/currencies. Most people have such misleading information like bitcoin will be able to remove poverty from society,but this is not true. Everything will remain the same no matter what kind of monetary system we use.
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A question crossed my mind,how professional traders learn trading?
Is there any kind of education to this?If no,is there a specific wiki to learn trading online (like openclassroom for programming for example)
Thanks
Why the hell would someone open a trading school/university? Trading is related to market and economics. So you will need to know the basics of the economics and market in order to understand how to trade. You can google and learn how to trade to make profits. Lots of youtube channels and blogs are out there to help people trade. |
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Your title says one thing and the article says another. Did you even read what was written on the article? Your title is totally misleading. Apple is not accepting crypto currency. Its some other coin that are selling apple products in exchange for their coins from their store. This is a whole different thing. Its like buying a laptop from someone else (not apple) in exchange of crypto currencies.
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Dip is always a sign of relief for people who want to start on starting an investment with bitcoin. I think it is much easier to start getting in the world of cryptocurrency when the market is down because it is a signal that people could deal with buy in terms of trading that could start them a good investment for the future to hold and to trade upon. But always take note that relying to much on the trend on the market have a presence of risk that we need to manage.
When a coin starts to dip, it does not always mean that it will recover back to the previous price. So this means that you should not always choose to invest if you start to see the price dip. Do previous market analysis before investing. If you see that the price fell after a short but sudden rise, then its a clear sign that the price was pumped and that was not the actual value of the coin. I guess you understand what i am trying to say. |
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You just suck up the losses that you have made and you move on. Losses are just as much a part of being a crypto investor just like profits are. Just hold whatever coins that you have and as long as you do not sell the coins that you have now in the bear market then you still have every chance to make back all of your money and coins when the next bull but you might have to wait for a while.
After making losses, you don't just "suck up the losses". You will have to analyze your mistakes. See what went wrong and what you could have done to prevent your losses. And always holding the coins is not the best thing to do. A shit coin will keep on dropping no matter how long you hold it. Better to let go someone your investment to reduce risks and open opportunity to invest on other coins which have better potential than the coin you are currently holding. |
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Depends on how good the project is and how the tokens have been distributed. If high amount of rewards where distributed among users who did not invest but completed some specific tasks, then the chances of price falling initially at a greater rate is actually high since most of the users will have an urge to sell their free coins. So it might take some time for the price to recover and be on a profitable level.
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Still a lot of discussions about the future of bitcoin and cryptocurrencies surrounding in scientific community. Aren't experts yet convainced that bitcoin is a reality? In an interview for CNBC, Robert Shiller the professor at Yale University expressed his rather negative sentiment towards Bitcoin and other cryptocurrencies, saying: To me it’s another example of faddish human behavior. Link to the interview: https://www.cnbc.com/2018/05/21/bitcoin-could-be-another-failed-currency-robert-shiller-says.htmlShiller consolidated his opinions on Bitcoin and other cryptocurrencies in a long post from where i prefered to take this note: Practically no one, outside of computer science departments, can explain how cryptocurrencies work, and that mystery creates an aura of exclusivity, gives the new money glamour, and fills devotees with revolutionary zeal, […] None of this is new, and, as with past monetary innovations, a seemingly compelling story may not be enough. Link to full article: https://www.project-syndicate.org/commentary/cryptocurrencies-scientific-narrative-by-robert-j--shiller-2018-05Just do not listen to them. Try to ignore them completely. They are of no use. All they are doing is saying some silly stuffs to confuse people for no apparent reason (or for their own benefit?). Do people who are casually uses crypto currencies need to know how they work? Nope, they don't. How many people in this universe using fiat currencies know how fiat are supplied or made? I bet less than 30% of the population knows. |
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Looks like 5 years is too long, maybe next year. the brilliant future of cryptocurrency will be there in time. hopefully
Lol. Even five years is quite impossible based on the current stage, and you are hoping that everyone will be using crypto currencies next year? That is actually too much to ask for. Bitcoin and other crypto currencies are still in their infant stage. It will take sometime to develop and people getting used to it. |
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This is actually very weird. Everyone is acting like as soon as bitcoin and crypto currencies came out, scammers were born. Look, online scamming and illegal activities also took place even before crypto currencies were created. They used giftcards and other kind of anonymous prepaid cards to carry out their illegal activities. I don't see the difference between using giftcards and cryptocurrencies. You just can't blame bitcoin for those activities taking place.
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Always check the site you are always using and if possible avoid google when searching for the site because there are times when the ones that appeared are those scam sites with just one letter in the address different from the original one and its interface is just the same so if you carelessly input the password then you will be hack and all the coins that you hardly earned will be gone. After using a legit site, bookmark it and access it from there. Do not participate in HYIP as most probably it will be just a scam and you will lose your funds.
You are probably saying the total opposite. If you have found a site, the best thing to do is google that site. This way, if the site is actually not legitimate and a scam, you will find some reviews about it being a scam on some forum or blogs. Also, google most of the time can detect phishing sites and skips them from the search result. |
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I reflect on the fact that lack of regulation in the field of crypto currency, gives wide opportunities for scam projects. And it will not be possible to regulate the cryptocurrency, no matter how much the goverments want to do it. In the fact that in the world of crypto, lots of scammers and they remain unpunished, I see one big plus.
People will be forced to learn to be more insightful, calculating and rational or will be scammed. Protection from the state decrease our instinct of self-preservation and slowed our development.
Crypto currency will make the next generation of people smarter.
Let's discuss this topic.
You are actually wrong. It is true they can't regulate crypto currencies, but they can crackdown whenever they want. It will just be harder than usual, but not impossible. Though they end up spending huge resources behind it. They can call out usage of crypto currencies illegal whenever they want. There are some countries where crypto currencies are actually banned. Crypto currencies do create more scam opportunities, but if people fall for it, its their own fault. |
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Most of the ICOs come up out of no where and starts scamming naive people by promising them good fortune. Tons of ways to detect scammy ICOs. First of all you will see that they keep on saying and focusing that their tokens will rise "n" number of times in the future. They keep on boasting this so that they can get people attention and use greed to attract them. Secondly, look for ICOs that have good and well known development team. A renowned dev is unlikely to scam someone. Also look for projects that are unique but still makes sense and achievable. Most of the projects are just "all talk". They can't even come up with a working platform.
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