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The Ethereum platform is currently the most used platform by most smart contract platforms in the crypto ecosystem. Its specifically dedicated to be a blockchain platform that will provide smart contract protocols that can be easily added to other crypto platforms which will help eliminate third party involvement in the transaction of goods and services by users on their platform. In terms of Smart contract platforms, Ethereum is the best and the king.
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Products of crypto projects define the purpose and mission of the project to the crypto ecosystem and the world in general. Crypto projects with no working products are just in the crypto space either to scam investors off their money or just to introduce shitcoins with no purpose to the crypto ecosystem. Bitcoin introduced blockchain technology and Ethereum also introduced a smart contract platform that eliminated the third party system used in making transactions.
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2018 was a bad year for both some bounty hunters and crypto investors. Scammers toke to the crypto ecosystem and launched any projects just to scam newbie investors off their money. In 2018, I joined about seven bounty projects and earned some amount of tokens. Some shared the bounty rewards to bounty participants and others did not distribute the rewards. None of the tokens are received has been listed on any crypto exchange platform. Currently, they are just shitcoins occupying space in my wallet.
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Considering the statement of Bill gates saying cryptocurrency is bad, I realized that people are just concerned about the negative aspect of how cryptocurrencies can be used forgetting that these kinda activities and actions of people already existed before Satoshi even thought of building the blockchain technology and Bitcoin. The world needs to focus of the positive aspects of cryptocurrencies and their platforms which are the solutions to gaps seen in the world we find ourselves in.
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The fluctuations of the market prices of cryptocurrencies of the crypto market make the crypto ecosystem one of the best avenue to invest and make some reasonable earnings. Considering the current nature of the crypto market in 2019, we are currently experiencing the bull run effect. An increase in the value of Bitcoin somehow influence an increase in the market value of most altcoins. Investors need to take advantage of the current situation of the crypto market and make good profits out of this..
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This crypto ecosystem we find ourselves in is made up of good investment opportunities and also a lot of scam projects. Some are in this ecosystem to scam people off their money with no intention of believing in the technology been used. All that I can say is that, as an investment in the crypto space, please do enough research about any project before investing your money into the project. People are just greedy and they don't care if they scam you to make money. Just be mindful of the projects you invest in.
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The ideas you should share here should be entirely constructive and should be something that teaches users on understanding the bitcoin world .here are some constructive ideas related to bitcoin
News related to bitcoin
How to get bitcoins and issues related to mining
How to invest bitcoins and concentrating on their transactions
Any creativities related to bitcoins and the market situations of the current bitcoin
Please I have you spend a good amount of time to read through threads created on this forum? From what you are saying, I can simply tell that you are part of the people who don't do research before starting any argument. This forum contains enough information about anything you will like to know about the crypto ecosystem and the crypto industry. Please I will advise that you go back and read enough posts on the forum before creating any post. |
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I didn't invest in Bitcoin when its price was around $20k or $17k but from the information I have gained throughout 2018 and 2019, investors who still had their Bitcoin when the price dropped from $20k to about $10k decided to invest in altcoins. This switch helped a good number of investors to obtain about 70% of their initial lost. But some sold their Bitcoin at the dip just to avoid losing all the capital invested into Bitcoin. Currently, I have observed that people who lost their money in Bitcoin are now back investing into Bitcoin again with the hope of gaining their lost back
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This forum is one of the best source of crypto related information but majority of these information are basically the opinions and claims of people either based on their own personal experiences or what they read somewhere and they decided to share them here. The forum has both the current and past information about any cryptocurrency on the crypto market. Before any crypto coin or project hits the market and the ordinary people, it begins here on this forum. You just have to spend a good amount of time to read posts made of this platform to be constantly updated about whats going on in the crypto space.
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Whether or not the electronic money through the future is easy is a difficult question. Firstly, in terms of economic integration, this is very difficult now because each country has its own face value and money, it is difficult to synchronize, another difficulty is that the legal is unclear because each country has one private law. Secondly, the political, military, and information technology are uneven, leading to access to electronic money is not virtual reality. So how to solve this problem?
Integrating the use of electronic/ digital money into a country is not as problematic as you think it would be. China for instance as been able to integrate regular use of electronic/ digital payment system like weChat, with about half of their population using that payment option. Knowledge and understanding are all we need to be able to accept and adopt to the use of cryptocurrency. What people need to understand and see is that, cryptocurrencies such bitcoin are no different from physical fiat used for exchange of goods and services. Once the world understands this, Cryptocurrencies can easily be adopted and used world wide. |
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What could be the biggest Crime in cryptocurrency
The biggest crime to hit the crypto ecosystem I could think of right now is waking up the next day and realizing that the entire bitcoin blockchain network is no more to the extent that no one can't trace the entire Bitcoin network. I believe that day in the world history will be labeled as the dark day of digital currency. About Trillions of dollars will be lost within one day with no traces that can help in the retrieval of even a cent of this lost money. |
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The crypto ecosystem do not need banks for people to keep their Bitcoin in these banks. If crypto banks should be adopted into the crypto space, they will operate similarly to that of exchange platforms. Because you will need an amount with security features like setting up passwords and any other protective security measures to help protect the amount from being hacked. There are platforms which already operate like Banks and these platforms are more effective than Banks basically due to the 24/7 services provided by them. Banks will just try to make the entire crypto ecosystem centralized which goes against the true nature of Bitcoin and other cryptocurrencies.
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In as much that Bitcoin is trade against Ethereum or paired to each other , an increase in the price of Bitcoin does not directly influence Ethereum. Majority of daily trader in the crypto space trade bitcoin and Ethereum directly with either USDT or USD. That is the actual determant of whether the market value of both cryptocurrencies will increase or decrease. Bitcoin can increase in market value at the same time Ethereum can also decrease in its market value...
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There is no computer program on this earth which can not be hacked. But blockchain based cryptocurrencies are only vulnerable to hacking when users of these cryptocurrencies make it easier by sharing their private keys and other personal details of their wallet with other people. Most of the people who are highly vulnerable to hacking are those who just log in into any websites without first analysing the website before inputting in their account details.
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BAT is one of new altcoins that investors and people who are interested in joining the ecosystem of crypto investing should consider investing in. Currently, its market price is $0.407199 and the highest market value of all time of this altcoin was $0.9807 in Jan 09, 2018 according to coinmarketcap.com. For the past months now, BAT has increase its value from $0.10 to $0.40 making it one of the best altcoins to invest in. Investors should take advantage of the current state of the crypto market to maximize their potential of making good amount of profit.
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As investor who wants to invest into cryptocurrencies and new crypto projects, before you join any ICO project to invest, you should do an intensive research and study about the basic risks involved in investing in ICOs. This will serve as the baseline to help you know the types of ICO projects to invest in. If you fail to do this research and studies, You might lose your money and ICOs will definitely make you sick. Studying a crypto project for some time helps you to identify scam ICO projects easily which will also help you avoid investing in them..
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 hey remember the time when we all speculated  how China is gonna just give birth to a cryptocurrency on it's own and bang ! They will try and dominate even the world of cryptocurrency, well guess what ? Days after mining the Bitcoins that is the king of all cryptocurrencies' was banned , we have a news .!! *China is going to make it's own currency Renminbi a cryptocurrency * Well the reports have still yet to be confirmed officially but experts have provided a good Intel. I don't even think that they will provide any Intel ahead of time . They are going to take help from the central bank and turn their own currency into a cryptocurrency. Well to be honest I think it would be a good experiment when we would be able to see how ! Cryptocurrency + government can work together since it will be a derivative of a bank ! Any ideas about what will happen ? What do you guys think ? Enough of this speculations. Please do enough research before agreeing with another false speculations. If you think this is the reason why china wants to ban Bitcoin mining please provide a link to the source for this speculation. Everyday China wants to ban Bitcoin mining but till now, there hasn't been any proof to support this claims. And China has no time to develop its own cryptocurrecy because the current financial system used there is highly efficient and reliable. |
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The best way to maximize your profit outcomes from investing in Altcoins is by researching and understanding some basic concept needed when buying altcoins to invest in them. In as much that the crypto market looks promising now, you should spend some time to research about any altcoin you want to invest in. This research should involve the trading trends, the highest market price of all the altcoins you want to invest in. These altcoins (EOS, XLM, BTC, ETH, BCH, waves, BNB) are currently the best coins to research more about and good for investment.
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Why do you think Monero has the chance to reach $500 by the end of 2019? Monero getting closer in reaching its maximum supply of the coin is not really a strong indicator to influence the price of the coin. Considering the trading details provided by coinmarketcap, Majority of the exchange platforms that trade Monero have it paired with Bitcoin. This means that the fluctuations in the price of Bitcoin has a strong influence in determining the market value of Monero. The only chance Monero has to reach $500 is when Bitcoin is worth about $17k or $20k.
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You can't just say Ethereum is better than Bitcoin. In as much that Ethereum is adding more features and new procotols to their system shouldn't make you forget that if Bitcoin was not introduced to the world, Ethereum would had not been in existence. Bitcoin is the source for the development of Ethereum and its the widely used cryptocurrency without all its flaws and slow transactions.
Bitcoin is indeed the first generations of cryptocurrencies but the delay in the time acquired for a transaction to be completed is the major drawback of it. In terms of speed and reliability, Ethereum beats Bitcoin in all directions. There is no doubt that Ethereum is far better than Bitcoin in so many ways. Bitcoin hasn't upgraded its blockchain network seen it was launch in 2009 which is the actual cause of its slow confirmation rate for one transaction to be completed. |
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