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"Congratulobia!" Like we say in my local parlance. OP, my congratulations on queue to you for this is a well deserved feat. It isn't a mere achievement I must confess. Keep doing that which got you this deserved attention.
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Except where one is hiding something or being criminally minded, I don't think privacy should be an issue for anyone. KYC isn't such a big deal for me provided I am certain my data won't be sold on the dark net. For those who trade stocks and Forex, KYC is compulsory before one's account is verified even before one funds the account. For me, I don't really care about privacy.
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What is going on with devs building deflationary coins and tokens here and there?
Bomb token was the first,now I'm seeing grenade,dynamite,ethplode etc ,why are they building these coins?its very alarming,for quick profit?
And everyone seem to be rushing these tokens,the fact is they have no real use case ,every single one of them, its just the deflationary thing only,I won't advice anyone to invest
It would've been better if you defined the term "deflationary" to start with as some may not know what it means. Anyway, I think the "get rich quick syndrome" is one of the banes of this crypto industry. This was the same way and energy the Lending Coins were introduced to us and a lot of us got scammed in the process. Just like most people will get burnt with this deflationary stuff too. But certainly, I won't be burnt on this. I learnt my lessons with Lending Coin. I stick to utility and security coins now. |
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Could Bitcoin's price return to $300 again this year?
$3000?
Remember that expression - If wishes were horses, beggars might ride. That is what is applicable to you question. It's not ever going to happen. I used the word "EVER" because for that price to happen it simply means that the crypto industry will have to collapse. Look at the current market dominance with Bitcoin having around 63% while the rest shares 38%. For Bitcoin which currently sits at $10k+ to revert to $300, that means the obituaries of all the altcoins would've been announced long time ago. |
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Bitcoin is a form of anarchy in the economic system. The Bitcoin system is designed to do self-rule and be supported by the application of technological advancements so that it looks amazing for mathematicians and technologists. However, according to the anarchism that has been successfully implemented in Spain, everyone must do the task according to their respective roles so that this concept can succeed.
Your position (I don't have any issue with this though) on this looks like what those in government would side with and this further distracts from the aim for which Bitcoin was made. Now, let's look at this: What really is money? Isn't it just any document by mutual understanding to be used as legal tender for the exchange of goods and services? Is Bitcoin achieving that? Of course, yes! So, why would anyone call it an anarchy? |
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Truth be told, the Trump tweets contain hard truth only that he said it in a blunt manner. I guess that's the issue many people have with it. But the concerns he raised are to the best of my knowledge honest ones. We can lambaste him here because of our own personal interest in cryptocurrency and our itch to see it moon so we too can quickly make money. Let's tell ourselves the truth, is cryptocurrency regulated? Can any transfer be traced if the receiver wants to be discrete? Is it backed by any tangible value or store of value?
Again, just like China banned Bitcoin so as to protect its Yuan, so is Trump calling for the death of Libra so as to protect the dollar. He knows how easily people will abandon the dollar for Libra because of ease of use and cheap transaction fees.
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I got a feeling that all that hype from Libra impacted on the gains of bitcoin price. Is the slump this week weighted on the bad media comments about Libra?
The Facebook Libra is a testament that Bitcoin has actually come to stay and not a bubble or a tulip kind of stuff. This increased demand for Bitcoin, thus part of the bull run we have noticed. However, on the dip I believe it has to do with the negative bashing of Bitcoin by the US president, Donald Trump. Regrettably, my guess is that Trump is bush talking Bitcoin to FUD so he can buy the dip. |
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It seems nobody knows how many whales are out there, these whales maybe extremely selfish.
How selfish can a businessman be? Remember that the aim of anyone being in business is to make profit and that every businessman is self-centered. So, don't begrudge any early adopter for the bag of coins they hodl. Do NOT be too confident with bitcoin and put all your money in it.
If Bitcoin fails, then that means the entire cryptocurrency industry will have ended. Nah! I don't see this ever happening. At least, we all saw how Bitcoin rose from the ashes of 2018. Bitcoin is here to stay. |
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One thing that is still making bank note very effective is the illiteracy in various countries, there are people who would not be able to cope if they completely enforce cashless policy because of their lack of education.
I am one of the few who believe illiteracy is a bane to the good of digital payment, howbeit cryptocurrency. The complexity and modus operandi of this isn't that easy to grasp by an illiterate folk. Though this may not seem a problem for the infotech suave dudes, it isn't that way for others especially the elderly ones. Again, lack of constant electricity supply in poor regions and third world countries can not be ruled out as a force against digital currency growth. You need not necessarily need electricity to check and count fiat. But you definitely need that for digital stuff to go through. |
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1. The pyramid is a hierarchical structure right? Now, imagine it being surrounded by legimate businesses. I mean most "complicated" and smart ponzis are like that and can run for decades. Think Bernie Madoff.
First off, no pyramid runs forever. They all have an expiring date for the dirty business to come to an end. You saw how Madoff ended and the appropriate sentencing he got for that scheme, right? The scheme is like a vampire. There must always be regular new entrants ("blood") supply to sustain the gluttonous old members to keep it going. Once supply is cut off, the scheme dies off. It's the normal circle for ponzi schemes. There is always a day of reckoning. |
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I know I could report the accounts and stuff but just creating this thread to spread awareness to stay away from investing in their IEO. Afterall, no legitimate service would hire shills to vouch for them.
I doubt if any kind of warning is going to hold waters once investors know an IEO is on for a project and on a good exchange. Again, I don't know if it's really a crime using bots posting to advertise and create awareness for a project, is it a crime here? We have had instances where genuine posters were been hired for projects here on this forum and those same projects ended up as scams. So, I think it's neither here nor there. |
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I was using a secure mail provider, Tuta.io and 2FA was enabled on both the email account and the blockchain.info wallet.
I know i was probably compromised but I have no idea how. All the latest updates of Ubuntu are installed and no new software has been installed in the previous 2 months or so.
If you had 2fa on both email and blockchain.info , the attacker somehow got access to your browser or seed. Theoretically, your seed in blockchain.jnfo is always compromised because you received it from your browser (someone could be watching) I would format everything, as I already said. And review your online habits. Also , try a more secure wallet next time, such as Electrum.org Blockchain info is also a secured wallet. At least I have used it for over two years without any issues. Except he exposed his 12 passphrase words online or someone around the OP got hold of them, I still don't know how it could be hacked. To even say that the 2FA authenticator was beaten in this case is really surprising to me to say the lest. |
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Let me be quick to add that many inventors are now wary of ICOs. So, it will be mostly a waste of your energy trying to indulge an ICO for your project. Like the poster above me said, IEO has an edge on ICO. Again, IEO will ensure the investors are better protected against any scam than an ICO which is highly unregulated and prone to scams. I, for one, will always treat an ICO like a disease.
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No one should begrudge Binance exchange its rightful place in the crypto space. CZ has paid the price through Due Diligence with several market innovations. It has gained the trust of many a trader and we can only hope it stays true and not go rogue like some exchanges in the recent past. However, I believe every worthy exchange with its own coin usually performs well in the market.
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What would you choose? I know LAW as a coin from this project https://ubikiri.com/. Libra is the most questionable to my mind, cuz I know it's not a crypto coin as we used to use. GRAM is a coin from Telegram project, app for messaging. So what is your choice? What makes you think that Libra is questionable and not a break crypto while GRAM (which you claim is a telegram project) is ok? Aren't both of them of social media family? Well, I think Libra will excel, giving to its affiliation and control by Facebook. That is if users don't mind the exposure to their privacy with KYC requirement. I think Libra is as good as any coin of payment and that is enough reason Zukerberg and team floated it to take care of adverts payment on their platform instead of going through the banks and fiat payments. |
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I've been following Bitcoin's market dominance for a while now. And before the current bullish trend, it used to decrease as the market was growing. I even noticed the correlation between the prices going up and the dominance going down and vice versa. Take a look at this interesting chart: https://coinmarketcap.com/charts/#dominance-percentage. Specifically, at what happened at the end of 2017. Bitcoin's price sky-rocketed, but so did the prices of altcoins. They were kind of fueling each other and thriving. Bitcoin going up coincided with the market of cryptocurrencies expanding, and alts taking up a bigger and bigger part of it. BTC dominance went almost as low as 30% back then. When the prices started going down, Bitcoin's dominance was growing. People were selling their cryptos a lot, but some of them were selling altcoins for Bitcoin, so it actually lost less than others. When the prices started to go up in April, I thought that 2017 would repeat itself with Bitcoin giving more space for other coins as the market recovers. Instead, what we see is Bitcoin recovering at the expense of altcoins with market dominance now being above 60%. What do you think about this phenomenon? Is the time of altcoins over, or is it just temporary? It isn't just you alone. I have also observed it and I frankly think it is dangerously precarious. The dominance isn't healthy at all and this has perpetually kept the prices if altcoins down despite the bull run experienced with Bitcoin lately. Traders and investors still don't want to trust an investment with altcoins owing to that sad experience of 2018 where some of the altcoins ended up as scams. Nobody wants to invest in scam and shitty coins. They would rather invest in Bitcoin and this is keeping Bitcoin dominance on a steady rise. |
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It makes no logical sense to sell an altcoin right at the very bottom of a market cycle.
The truth remains that no one truly knows when a coin is bottomed out. If we all know this then no one will be caught in any crash. What traders do is at best a speculation of where price could go àt any given time. There are no experts in the crypto industry. What we all do is mere guess work. So, it makes logical sense whenever anyone decides to sell off to save what is left of their depleting portfolio. |
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Since the bull run in the year 2017, a lot of people have made one or more bad moves of investment resulting in loss of their hard earned income. Some people see the rise in the price of bitcoin, ethereum and their kinds as a means of making quick cash and invested in them base on predictions of those they think to be experts in the cryptocurrency trading without doing their personal study of market trend.
A whole lots of them invested into buying and keeping of ethereum for a long term at $800/ETH and today, the hardly recover 40% of the amount invested.
Another bull run is here. People should be careful with their investment into cryptocurrency and understand the volatility of it before making an investment.
OP's call for careful investment is highly appreciated. But the OP should be aware that what makes something a business is the risk involved. And to this I dare say that there is no business without risk. One can not be too careful that one can not make a wrong business decision. Those I had pity on during the market crash of 2018 were those who sold off their Bitcoin completely to invest in altcoins which later turned shitcoins. Early 2018, I also got caught in that web when I sold a bit to invest in a now worthless Regalcoin. |
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While I'd prefer the coins to not be dumped in one go but instead in increments(as to not dramatically flash crash the market), why should we stop Satoshi? It's his coins, from his own creation. He/she/they have every right to dump every single one of the bitcoins if Satoshi wants to. It's a free and open market.
This of course has always been my position on this topic. Why should I care if he is fed up with hodling? I mean, at a point he is going to want to offload some. In fact, Satoshi will be a fool not to profit from his own invention. Charlie Lee (the Litecoin dude) also did same and sold an appreciable quantity of his hodlings at almost ATH. But the market concern should be that Satoshi doesn't sell off his 1million holding at a go as that will invariably destroy the crypto market with a deep crash. |
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Thanks OP. My take away from your initial post is "TIMING" It's very essential knowing when to always get out in everything we do in life. It's called, "Bowing out when the ovation is loudest." A lot of us got carried away in 2017 when Bitcoin had a great run and refused to sell off before the ultimate crash began in January 2018. It's pure greed that makes people want more, even when it's obvious there's nothing more to squeeze out. However, on the cost calculation stuff you mentioned there, I think it's really not necessary knowing all that before one can take one's profit or exit a trade. Just know your risk appetite. That's all.
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