Lol but is it really hard to make a few wallets and do some transactions between them for history making? I do same scheme even with my bank accounts for better credit chance. With cryptocurrency its even 100 times easier...
That's an option as well, if there are people who would waste their time for a couple of dollars there's definetly going to be people vpning to make other wallets and then faking transactions for the wallets reward points. The Better is your wallet history the more often and bigger is your Cryptocurency rewards! Nice method to screen high roller wallet and sell that database to hackers and scammers to potentially gather intelligence and attempt to rob the owners of their coins. The other group that is going to fall for the free money scam will be noobs with zero grey matter to suspect a shittoken being added and false promises given possibly after the collection of data. We are going to start with bitcoin but more coins will be added. Oh yeah right, you are going to give away bitcoin for free and that too from your own wallet? Such things dont exist except in dreamland.  Stop smoking that low grade pot from your backyard dealer and clean yourself up. Rich people won't even use his service, it'll be the people who have nothing in their wallets just farming the rewards he going to offer. |
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Hi, I'm new in the forum which introduce from my friend. I would like to know how profit we can have and pro and con for it in the world of cryptocurrency. The reason I write the post is to do research on it and write it as a small presentation. It would be great able to share with me.
You also may send me as private message as well.
Thank you everyone and have a great day.
There's a couple ways I know you can generate income in the crypto space. - Starting up your own crypto-based company. - Joining a signature after you have reached a high rank (just check the services page for a couple). - Doing bounty hunting. - Crypto trading and investing. - Offering your services to others (eg, designing, managment). |
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I agree, they are offering loans to people who need a line of credit and then take their crypto as collateral, I don't really trust this at all since they are charging a min of 8 percent interest, and investors are getting 8 percent back. Sure their might be higher interest rates for bigger loans but I just don't think they have enough volume to keep accepting investments and this will cut in their profits a lot. The faintly legit places that offer this do it entirely on the basis of finding other individuals willing to pay your interest. As we've seen with the wildly fluctuating terms and payment levels from Blockfi it wavers all over the place and it super reactive to what they can squeeze out of their borrowers.
It's a bit of a stretch to call it interest earning. You're really a lender in the most basic sense.
If Coinbase offered a rock solid and boring 2-3% no doubt it would be swamped. They have no safe way of making that pay so we're stuck with places that look fancy on the surface but might blow up any moment.
If coinbase did that though, I reckon we'd need to send them every piece of ID before we'd be able to invest there  |
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Op is a junior account and likely an account from Bitcoin Trader. He makes all of these random points sound good, like the deposit of 250 dollars and it just doesn't seem to be very reputable. I looked up a couple more reviews and other services and I found the same thing, everyone's claiming that they are a scam but then this random newbie account claims they are benefiting the crypto community? Something doesn't add up. |
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I just thought about something else.
What about if your laptop needs a new battery and say you buy one off ebay? If you buy a new battery, but its obviously 3rd party and not genuine from manufacturer, any risk in that? What about a used one or open box? Can someone put malware in a laptop battery?
No? There's no way you can do that with a battery, correct me if I'm wrong. Battery only supplies power. It might be connected to the computer but that doesn't make it prone to hacking or sending any virus to your PC unless there's another device connected to the battery you have to plug in. With little knowledge about PC components you should easily notice that tough. You are correct here mate, there is no way a battery or any other components could result in this issue, the only things that could be corrupted would be the storage, which would be the HDD or the SDD. Just completely wipe eveything and you'll be fine mate. There's a windows setting where you completely wipe all data from all the drives and you'll end up being fine from there on. Nothing will happen to you. |
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Having money that's able to be controlled by you, and only you opened a lot of doors for people living in these oppressed places.
Want to get out? Spend some of your extra crypto-currencies and get on a plane and simply leave.
Scared of paying taxes? Since it's crypto, you can avoid doing that as long as you aren't cashing out and linking your fiat identity.
Want to move money overseas, but can't due to your country? Use crypto-currencies again!
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This is a pretty good comparison and also shows a lot of people about what happened in 2017 with the price climb was pretty dodgy and could have been described as a bubble.
I think after that thing burst it ended up correcting itself and then things got a lot more stable and as you said, it's moving at a mean level.
Nice graphs!
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Finally we see some improvements when it comes down to exchanges, I can't remember the last time I saw an exchange refund or help the victims of an hack, except maybe the Binance hot wallet hack a couple of months ago.
I hope governments around the world start looking at rules when it comes to exchanges more, and actually punish exchanges that get hacked, so the people don't lose their money, the exchange does.
Most strong exchanges that I have seen been hacked either close down like cryptopia which till date, they have not refund one single cent to their users, or such exchange would just ignore, it is only binance that I have seen make full refund of the funds back to their users after they were hacked of $41 million dollars the last time, and I think that this is the reason why binance will always be the number trusted exchange with their safu fund. There is no exchange that is actually safe from attack, because these hacker too are well trained to know the weakness of every exchanges which they really cannot do without when it comes to application development, but at least they should always have safu fund like binance, but now that government has given power for them to be sued, I am sure they will always consider safu funds now. When exchanges lose their investor and customer funds, they don't take responsibility for it and then turn the blame on the customer for losing funds, so no exchange has the resources or would want to refund their customers, Binance tried to help but simply refunding half isn't enough. Exchanges nowadays should either make their exchanges unhackable which is pretty hard, or hide some of their own funds in a cold storage (like an emergency fund) and then when they get hacked, they are able to repay using that. |
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I'm not very knowledgeable about the situation in Zimbabwe, but it looks like they are just banning other currencies and it's caused Bitcoin prices over there to soar through the roof.
As for Venezuela, fiat currency is still used more then BTC due to the lack of adoption, you can't go to stores and spend BTC - I believe it's used as a unit of storage due to how unstable their fiat currency is.
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In my opinion why cryptocurrency is better than fiat currency because cryptocurrency has advantages over fiat. The first is to avoid
currency counterfeiting, because as we know fiat can be falsified while bitcoin cannot.The second bitcoin has freedom and speed,
while fiat is controlled by the government. The third bitcoin guarantees identity security while fiat is the opposite. The last bitcoin
can be as an investment asset because the price can high dramatically, while fiat tends to be stable. That is the reason why cryptocurrency
is better than fiat.
It really depends what aspect your talking about. There's a tech side to fiat and Bitcoin, as well an adoption/regulation side, and there are other features like popularity between the 2 coins. For technology, I think BTC is far superior due to its design model and it's decentralization, for adoption and popularity fiat wins by a landslide since it's way more used and adopted the crypto-currencies. |
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Is this possible? Example you lend bitcoin to something similar to like a bank and they give you interest on it? Like how now they give you 2% interest?
I heard binance is doing something similar like that but it was like 10%?
10 percent sounds quite a bit far-fetched to be honest, you'd probably only get those loans if you ran a P2P service and charged really high interest rates for short term gambling no collateral loans, make sure you lend to trusted members though. Look at a couple decentralised options out there, especially in DE-FI, there are definetly some promising options out there and companies like Salt and nexo also do exist. |
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Bitcoin is an online currency. Even if started with a lower price. Now its value is beyond the reach of ordinary people. But, nowadays, it seems that Bitcoin is losing its popularity.Because, not receiving validity in low income countries. It may be the main reason.
If your comparing price to bitcoin's popularity, you are just incorrect and the only reason why the price might be going down is due to people not wanting to buy Bitcoins, which doesn't relate to popularity. On the other hand, Bitcoin dominance is at an all time high due to the pretty big companies that are now investing into the currency, and it's more popular then ever before. |
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I want to register at dsx.uk to buy btc for market price, I have to make a fiat deposit either via their card(epayments) or bank wire. Obviously this thing conforms to KYC regulations, which nobody likes. Suppose I submit fake documents, do you think I'll have troubles depositing to exchange with bank wire? Normally any financial service requires you to deposit from your own bank account, I'm not sure if exchange would check where money come from.
I also want to hear from you how many times you submitted fake documents to crypto-related services, and how it turned out in future. Did you have your accounts locked? If so, how much time passed between locking and verification process? I was stupid enough to believe this government-forced bullshit which anyone can bypass with a bit of photoshop.
Do not send fake documents in, definetly no. They are pretty easy to catch out and if the service communicates with your bank or anything and finds out it's fake, all the money you have in those accounts are instantly no longer yours and you will likely never get them back, as well as face jail time and definetly a hefty fine for forging government documents. It'll be pretty hard to buy BTC for marker prices without kyc, you can either just submit to them and do actual kyc or find buyers on localbitcoins or localETH that don't care about your ID, but have pretty hefty fees. |
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Sounds like you have something interesting but it doesn't seem to make sense. How will you be able to create a online bank or wallet where you are just able to give your users free money? If you give them free tokens because you can't afford other crypto it's just going to inflate the economy and your tokens will be worthless after a couple months.
Figure out a way to make it self sustainable, where users will be able to do tasks and generate you income that you can reward them back with.
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Never been asked for KYC upfront, when was this? My experience with them was 2 years or so ago I think, and it was actually fine.
I want to say 2018 sometime. Can't remember exactly what the circumstances were. I believe I was wanting to buy coins, or they had a promo. I'm not U.S based so it could have had something to do with that. It's been so long I can't remember for sure the what or why. It definitely wasn't just to use their wallet or anything like that. Reading the first part of your post, that seems more inline with what I checked them out for. Ah, that does sound a lot more possible, I couldn't imagine any popular Bitcoin service asking for extensive ID from the get go, and Coinbase operates pretty similar to a bank, but less stricter from the looks of it. Is it because you probably bought some crypto through it?
If yes, then am wondering why the wouldn't ask you to verify at first when you where trading your fiat for crypto?
I do not think that the OP purchased coins from coinbase as you need to verify everything before making a purchase, may be he used to collect the coins in coinbase and then withdraw it to his wallet and that is when the problem occurred by the way he explained. This is Crazy. I don't use coinbase often I thought i can trust them with small amounts they are not worth it. Crypto space is fu** up with people like this. Now I need to win 72 Hours for using Coinbase.
Coinbase does ask for KYC and since you are not ready to provide that and still you are able to withdraw the coins after 72 hours is not a bad thing. All these online wallet comply with strict KYC/ AML and you have to expect that. 72 hours might not seem like a lot to you, but OP is waiting 3 days for something that should be instant, and it's pretty annoying. If OP did purchase coins of Coinbase, he would need ID to do that, I think he's just using it as a wallet for now. |
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Yes, a group of us arranged with a local pub to provide us a venue at their establishment every Friday to host a Bitcoin meetup. We also showed the owner how Bitcoin works and he allows us to pay with bitcoins for our drinks and food. We arrange everything and invite "newbies" to every meetup to grow adoption.  We use these meetups to discuss the current news and developments in Bitcoin and other Crypto currencies and we invite speakers to talk at these events. <We do not have enough money to invite Bitcoin influencers, but the local Bitcoin merchants normally speak about the product and services that they have on offer> Damn, that sounds like a really tight-knit community and it feels amazing that crypto-currencies and bitcoin could connect such a huge group of people together and create amazing things  . Most of my meetups are not specifically for BTC related events, but often involves me and friends doing an activity like bowling and then we end up chatting about crypto-currencies and the market, a lot of our conversation actually revolves around the altcoin market and what coins are becoming new hot topics. |
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I feel you.
I've never had a really good understanding of code and how it all works, but I'd like to see I've gotten a decent understanding about the technical side of things.
What I've found is that you just need to sometimes go in a technical thread, or read something pretty complex and then google all the terms you don't know about, then form a glossary and eventually you'll learn all these words and reading those threads will be ever easier, it's time consuming but it is fun and you learn a lot.
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They want photo ID to complete this withdrawal Right now but I don't want to provide the photo ID.
You mind telling us why you used Coinbase in the first place if you're not willing to submit KYC information? Not trying to be an ass here, but I thought identification details is mandatory with Coinbase if you're making buy/sell offers; and that big exchanges like Coinbase have been known to be demanding KYC information in the first place. All withdrawals require KYC Coinbase large exchange so it is natural that we need KYC, withdrawals are delayed 72 hours maybe there is an unusual activity security Coinbase is getting tougher so withdrawals are frozen and try verification with your original photo. No, I've used Coinbase for a limited time (just to send and receive 3-4 transactions over a week), and I wasn't forced to perform KYC, or anything really. Just needed my phone number, name and emails, and then I was able to send and receive transactions (I think I received like 0.3 BTC and sent it away) and had no issues. I believe you only need KYC when you start dealing with the fiat site of Coinbase which is just not worth it at all. Man that sucks. I feel for yah, at least your withdrawal will process after the 3 day waiting period. Did they have anything like this in their terms that you are aware of? Definitely get off Coinbase, I never used them, when I did pretty sure they wanted KYC upfront so I don't think I ever went anything further than signing up. Hilarious, if you are sending to a new address... because no one uses different addresses  . I recently got he kick in the ass I needed to secure my coins more diligently, and avoid businesses handling them as much as possible. Pretty much from now on unless I'm comfortable never seeing the coins again, they're not going on a platform that can hijack control from me. Never been asked for KYC upfront, when was this? My experience with them was 2 years or so ago I think, and it was actually fine. |
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yes it is . when we say bitcoin we automatically think about blockchain and when we say blockchain we also think about bitcoin or vice versa .
bitcoin is equal to blockchain because bitcoin cant live alone without blockchain and blockchain is not also possible to be discovered and became popular without the help of bitcoin .
idk why most of the users here in this thread are not agreeing with that fact . they also have thier own come up theory and they only believe on it .
You understood the post wrong, OP is comparing the 2 technologies side by side, and blockchain is not the same thing as bitcoin, because the 2 things are different pieces of technology. And BTC by far is more well-known, not a lot of people actually know bitcoin is built on blockchain technology. Bitcoin is a decentralized crypto-currency that is built on blockchain technology, and also has an open ledger of transactions. Blockchain technology is the tech that most crypto-currencies are built on. |
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I don't know but I think McAfee already lost his name in crypto industry.
I think only few believers would really take him seriously but most of us see him as a big joke in crypto community,
He has been destroying his name by making some prediction and most of those who believe him have lost some money for sure.
He got reduced reputation in cryptocurrency because he promoted most ICOs which could not perform up to expectations. Some followers of John McAfee turned to lose trust in his predictions due to the failed ICOs. However, who knows, perhaps his DEX exchange is going to be one of the best which will revolutionize the cryptocurrency DEXs. I don't think a single ICO of his has ever gotten their coin price back to what the coin price was at the time of ICO, most of those coins lost 50-80 percent of their value and all the investors got fucked over. I think no way that McAfee can launch a decentralized exchange. In my opinion, it could be some joke. If he really launches an exchange, I don't give much chance for that to be successful.
https://mcafeedex.com/ is already been launched and you can see it for yourself. How well this exchange will perform, only the time will tell but John McAfee has enough resources and marketing skills to make it successfull. If his anti virus is being used all over the world, what wrong with using his exchange ? His antivirus has a bad reputation around some people due to it's intrusiveness (I believe it scans your websites, history and social media details if activated), only time will tell if the exchange will live up to his expectations. |
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