There are few places where companies, shops, restaurants accept cryptocurrency as a payment method. This does indicate that bitcoin and other cryptocurrencies have been adopted in a few places as payment methods. But the adoption rate is too less and will stay the same until bitcoin doesn't recover it's price. Many are afraid of it's large volatility in price and this is the reason why wide adoption of bitcoin may not be happening any time soon in the near future. Every thing takes time and I believe that wide adoption of bitcoin will happen but will take a lot of time to happen.
|
|
|
I guess you have missed staking. Staking is a great way of reinvesting crypto to earn more crypto. I do not understand why you haven't included trading while it is the most important way of reinvesting crypto. Mining can also be treated as way of reinvestment to earn more crypto. Although we have to do a little bit of hard work here in maintaining the equipment but it is a good way of earning a variety of cryptocurrencies.
|
|
|
Well it might sound like an inflation killer and you were really lucky that you obliterated your investment at the right moment. Many people including myself weren't that fortunate to have sold a few coins when the price of bitcoin was high. I am not so worried though for I know that bitcoin will be back in the bull run in the next few years. I guess it has been a pattern for bitcoin to fluctuate in this way. Although the price of bitcoin is low now, but still it will be an ideal investment if you plan out to tackle the inflation. Even if we invest now I am pretty sure that we will be able to make out at least more than 15% of the investment which is again a profitable investment if we are planning to kill the inflation rate.
|
|
|
The Blockchain technology and the cryptocurrency are two different things. A country or a government may adopt the Blockchain technology while still banning or regulating the use of cryptocurrency in that country. A real example would be the country I live in. India is a country where the adoption of Blockchain is continuously growing while the government is still lagging behind in the use of cryptocurrency. Cryptocurrency is still not legalized here but there are startups using the Blockchain technology. It is well known to everybody that this emerging technology will be widely adopted in the future. But people still doubt if cryptocurrency will be adopted similarly or not in the future.
|
|
|
I know a lot of people who quitted their day job to trade in the cryptocurrency market. But it was when the market was good. In this bear market, they're struggling very hard to survive. So I think the best way to invest is this : Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!
That is what I have been doing all this while. We have to be smart and not greedy in order to earn money. This bear market has taken down many people's investments. I can't believe what the people who left their day job for crypto must be going through in this bear market. Crypto is such a volatile market. If there are chances of getting rich overnight then there are equal chances of going the opposite way and I guess this is what has happened here. Playing safe while taking minor profits is the best thing to do when it comes to crypto ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
Why would anyone "Deposit" btc into an exchange just to get verified . Why would you even bother to go to that exchange when there are plenty of bigger, safer and trustable exchanges out there. The exchange you are talking definitely looks like a scam to me and sorry to hear about your friend loosing his 0.5btc in that exchange. One question though, why did your friend deposit 0.5btc in an exchange which he never used while the verification price was just 0.015btc Smells fishy here !
|
|
|
The best exchange in the current market is Binance. I have been using the exchange for more than a year now and I have never faced any sort of issues from the exchange. The exchange has lots of currencies supported with different pairs and is ideal for any type of trading. The best feature I like is that it has an option to convert small chunks of coins into BNB(binance coin). Although it might not sound so great but it saves the small chunks of coins lying around in the wallet. The platform is easy to use and Binance is one among the top exchanges in the world.
|
|
|
Does this mean you're willing to pay the fines or serve the jail time of every single person you encourage to this who gets nailed?
Either you stand behind your 'advice' or you don't. In most places the money needs to finish up in your bank if you want to spend it. Once it's in there you may have some explaining to do.
Absolutely right. Besides that the bankers can easily know that the money getting credited in our bank account is crypto related if we are withdrawing it from an exchange. This is where the peer to peer exchange helps us out. I have been using p2p exchange from quite some time now without any hassles. I am from India and there are no such rules here to pay any taxes fro crypto because the government hasn't made any decisions on crypto regulations in India yet. But the banks have already started to seize accounts which has crypto related transactions. it's all a messed up situation here from the past few months.
|
|
|
Joke of a service.
I only use it for every day, small ‘ish’ transactions but it’s terrible. I’ve lost count of the amount of times I select ‘Premium’ fee & I have to end up using a free transaction accelerator to push through my transaction because the fee they set ends up being too low.
Just venting a bit any way. Anybody else experience similar with them? Going to stop using the service now any way. I probably should have ditched them ages ago seeing as though Ver is a big investor / CEO.
Ah the bCash guys :-P I left using blockchain.com ages ago. The only use for me is to explore the block explorer from their site which does not need registration. I am comfortable with my hardware wallet and desktop wallet. Whenever I need I can just create a wallet which is hassle free. I have been doing the same thing for a few years. Although it was my first wallet in blockchain.com , I think cryptocurrency has evolved so much with time that we had to adapt the newer technology. Blockchain.com on the other hand chose to not upgrade the tech and this is the reason why not many people use it these days. I prefer to use crypto wallet on my smartphone and some of the best ones are Mycelium and Electrum. Yep. That should be enough reason for everyone to stop using them, to be honest, they're not hurting their users only but the network as well by not upgrading.
Definitely. I really don't see the reason to not use segwit. The only 2 possible reasons I can think of is that: - They purposely don't want to implement it, to probably move people to the BCH camp
- Probably due to complications in the coding side? Which I really doubt as I'm really sure they could afford decent programmers just for this functionality.
This is probably the sole reason why people in the bitcoin community barely suggest using Blockchain.com's wallet. Basically the only reason why blockchain.com is still hugely relevant right now is due to their marketing and because blockchain.info was a really widely known service for years. Blockchain.info is still a widely used website for tracking the transaction status. I use it myself for every bitcoin transaction I make. It's really convenient to use it from any device. And yes probably you are right as this might be the only reason why blockchain.com is still alive.
|
|
|
I would say that advice your dad not to sell them now because the ship has already left. The price has already dumped so hard that now would be a very bad time to sell. There is no guarantee because it can be even worse after this but as an optimistic I believe bitcoin will survive in the long run and recover the price in a few years. The best thing to do would be to keep on holding the coins if there is no problem in doing so. If there is an emergency or a need for fiat only then sell the bitcoins.
|
|
|
Well that is quite obvious isn't it because bitcoin or lets say cryptocurrency, in general, is an open source community and people have to make some effort to learn about what it is. Only then will people understand the benefits about it. Bankers do their job and get paid for it while cryptocurrency enthusiasts make their own profits through cryptocurrency. I believe both are better in their own way and both has to survive on it's own. Only thing that differ is the technology behind it and that is what matters. The future is all about technology.
|
|
|
It is not a full 10 year challenge yet.
2019. just started. We could very well see $20k+ at the end of the year. I highly doubt it but anything can happen.
Yes, exactly, I highly doubt bitcoin will even cross $10k this year but you know it's bitcoin. We can never predict how high/low a cryptocurrency can go in a given time. Although the 10 years are not yet complete exactly but it was a good research you did here and the numbers definitely gives us a better insight over how bitcoin has grown over the years. According to my calculation referencing the above data, bitcoin will have its next big bull run in the year 2020. I hope it really does have a bull run since 80% of my savings is drowned in the price crash. I haven't sold any coins though which is why I am waiting for bitcoin to bounce back and recover at least half of it's price.
|
|
|
I am quite impressed to see the results. I already knew it would be bitcoin every year but the rank 2 and rank 3 were totally unexpected for me. I thought Ethereum would stay in the 2nd position for long but little did I know that Litecoin and Ripple were equally good. However Ripple managed to stay in the top 3 which was again quite expected. Surprised to see various other coins in the ranks 5 - 10. Bitcoin yet again proves that no other coin stands a chance to defeat BTC despite all the dumps in the long bear market.
|
|
|
The starting few months of the year is definitely a crucial time for the crypto market. If we see throughout the history of bitcoin, we can notice that the first half of the year, bitcoin always was at the bottom making little fluctuations while the second half of the year showed bigger fluctuations comparatively. This year may or may not lead to a rise in BTC's price because the dust has not settled. I am pretty sure that once bitcoin's price goes a little higher people will dump their load and sell of their coins. This is because many people are left over with coins bought at higher price and the dump in BTC's price has given them huge losses. So to cover up the losses they will surely think to sell it off at higher price. According to me, it will at least take bitcoin about 2-3 years to cross the $10k range.
|
|
|
While the harsh reality is that many ICOs have turned into scam in the last 15 months, there have also been a few successful ICOs which raised enough money to start their project. All the scams in the ICO market has created a negative reputation towards ICOs which is why most people don't invest in ICOs. This leads to the ICO not raising enough funds. Hence this goes in a cycle. The best way to tackle this situation is to find out a truly potential ICO and research about it a lot and then wait for it to get listed on an exchange. Most of the times the token never gets listed on an exchange and hence this leads to a scam. So, get the token listed on an exchange and then buy it after the price is dumped. This is the safest to invest in tokens, at least for now.
|
|
|
You too late to dump what you got or no market for those tokens? So you are trying to conduct a meeting to the project leaders, big companies and trading platforms to find a solution, can you tell us how are you going to do that? No one can force them to meet you unless you are going to prove to them that you are going to invest millions for them once again.
Well said mate. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I felt the same way and couldn't stop laughing when I read this post. OP must surely be desperate about exchanging his dead shitcoins/tokens for something. I have a thousands of useless tokens in my portfolio and it's hard to say but they are not going to provide me any money. Lets just keep it there like a showpiece ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I guess the best time to sell the tokens is when they get listed on an exchange immediately or selling it personally to some random guy in the token's official telegram channel ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) . The latter works like a charm if you know how to play your cards well.
|
|
|
Many hodlers now are selling their coins to have a capital for trading to recover their losses on this bear market. Well, I think for now that will be the best decision. The crypto market now is stable and it is good for trading.
What do you think guys is the best thing to do this time? Hodl and wait or Trade and get profit.
I agree that the market has become quite stable now in the range between $3500 - $4000. I am a HODLER myself but I am not trading my coins. I am still holding them. Selling them now(although to trade) will just be another risk for me. I think it would be better if we just keep holding them and wait for the market to recover slightly. Once there is 30% - 40% gain in the price then we could start trading as the market will fluctuate. Also, recovering the losses will only happen if we actively trade against the market. Not doing so might just end up us taking more losses.
|
|
|
I can hardly recollect a successful ICO which raised a huge amount of money and accomplished developing their project. The ICO period was over long ago and people just started scamming others after that. You have listed just a few but if you search throughout the history in the past 1 year there have been so many ICO scams due to which people have stopped investing in ICOs. I don't think anybody would be even investing in ICO these days since the market is already bearish. Keeping away from ICOs is the best thing we could do.
|
|
|
Seems like the exchange really got hacked. I just logged in today to transfer a few tokens to some other place just to find out that the exchange has already been taken down by the New Zealand Police department. I first thought that the exchange has run away with all our money but I guess the NZ police announcement on the exchange seems legit. Whatever it is, there is no option for us to act upon. The only thing we can do is wait and watch the show. I personally don't think that we will be getting our money back because this is how Bitconnect, MtGox and other popular exchanges went down. Things like this keep happening in crypto and this is the reason why the experts say not to put the money on an exchange for a long time.
|
|
|
Can you share the transaction ID or a spreadsheet with the number of posts paid for and the amount in btc to be paid .
According to the spreadsheet here you guys got your last payment on the 18th of November so I counted from the 19th and 2 weeks ahead. Unfortunately you didn't meet the requirements to receive any payment. That is okay since I was not expecting any payment anyway because I was on a break. I just asked so that everyone could track the status of the campaign and payments. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
|