Right. There will be always haters out there. And no matter what you do, there will be someone trying to put you down just like we are witnessing in Bitcoin. We all know that it has a lot of benefits, however, certain nations and governments around the world doesn't like it.


And while they continue to attack bitcoin, we bitcoin holders are making a lot of money out of the market while those schills are working hard off their asses to come up with another tactic just to destroy it, but then again, all their efforts are futile because the price will continue to soar in the next coming months.

As far as I know, South Korea hasn't ban bitcoin yet. They maybe heavily regulated it but it doesn't mean that they are putting a complete hammer ban. Just be careful on what you post without any source. This is consider a fake news in my opinion.


Just hold on it and purchase if you have extra funds in you. Sooner or later bitcoin will go on another bull run and can even touch new all-time-high. No need to dump it just because of some negative news. It doesn't make any sense at all. And besides, you are not losing any profit if you are just holding, right? So why sell it.

Yes, for those who are really starting, its better to hold and then see how it goes for them. Trading is not that for everyone, there are people who simply wish to buy and hold for long term. But for most of us, trading is a good way to earn more money specially if you are a day trader but it takes a lot of courage and know how to be able to win in this game. Most of us lost in the beginning of our journey, but it doesn't mean that we have to quit. Charge everything to experience and I'm sure that you will learn a lot from your past mistakes. I also do believed in Holding, that's why I have coins that I simply hold for long term, but I only do play in trading arena as well. Win-win situation for me.

Simply pump. Just wait for the dump.


It's not sustainable in the long run. If the price is still too high then it means that there are a lot of people who gets in. But the question is, are they going to get a good profit? I don't think so. Because they have bought it at the top price and sooner or later there will be pump, trapping you inside. And the only way out is to suffer a lost. Its gonna be a painful and expensive lessons to learn for newbies who FOMO'ed.

I don't think that banking system will just disappear because everyone will go on crypto. Banking system has evolved a lot and I'm sure that they can easily adjust as well. If you are talking about blockchain, banking system is the first recipient of this technology. They can replace their legacy system and used blockchain. But as far as taking a loan in crypto? I'm not aware of one already exist, but I will not take the risk of getting one because crypto is very volatile and you might end up losing more in the end.

Obviously, we have been affected since we have learn that indeed the trustee has started to dump the coins since September (if I'm not mistaken). But we haven't noticed it because the price keeps increasing and we reached the peak in December. The problem arises after the bubble has burst.

So he still has a lot of bitcoin at his disposal that can really put a lot of pressure on the market. There are reports saying that he offload through OTC though, so we can only speculate as to what is the real cause of the fall from almost getting to $10K.

Hey irfan_pak10,

I just joined the signature  campaign. Can you please check the avatar though, I'm getting this error when uploading,

"That avatar is too wide or tall. The limit is 120px width by 80px height"

Also when does post count end?

Correct, the WB + BG FuD is a complete fail. The price didn't move. On the contrary those 2 looks dumb based on their assessment about bitcoin.


They are really at a advantage from all of us. They have control and can dictate where the price should go. Its possible that someone manipulate the price from behind and in return needed more bitcoin because of greediness. And biggest impact though is the Mt. Gox trustee again. The ghost of Gox still haunts us up to his day.

Btctalk name: Reatim
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Posted:
Archive. http://archive.is/ADl9z

This mofo has the nerved to copy my post just above.

Here is my original post.


Give him the rude awakening rickbig41.

Very unlikely to happen indeed. Why would they jeopardize the well beloved fiat that they continue to print year-to-year? Plus for fiat, they have total control of it and even can de monetized it just like in the case of the Indian government.

Not just serve no purpose but creating their own problems and competitor. However, they can do their own crypto backup, but the thing is, are people going to support it? I doubt that we will because we don't like centralization which is the main point of crypto. Other scenario I'm thinking is that maybe advance government can do cashless society but it doesn't mean as well they are going to eliminate fiat. As much as we hate fiat, there's no way that we can exist without them.

If your token is not listed on any exchange then is has no value. Earning through blogging has been here since I joined as a freelance around 9 years ago so yes, there's still a big future ahead of us. To get exposure, you should really go for an ICO but it involves a lot of money to begin with, are you willing to get the ball rolling? I don't have figures as what month an ICO project cost, what I'm trying to drive out is that there will be money that you are going to shell out. Of course the last resort should be the listing on a exchange so that its can be trade and profit for you and your blogger. But first you need to answer if you have the budget to promote your platform as ICO. Goodluck to you.

Bitcoin is not completely anonymous, but pseudo-anonymous so I don't think that criminals can really hide their illegal activity if they are using bitcoin. There's a lot of privacy coins though around that might suit their needs, but I'm also against criminals taking advantage of the technology that crypto has to offer.

But I think that the government is doing its part and its just a matter of time before they could apprehend them even if it takes years to hunt and track them down.

I agree. This is a very tricky questions because we all know that its human nature to buy new things. Not only that what if your children goes to you and ask if you can bought something for him/her? Will you say no to your kids? I doubt it.

Its gonna be mentally tough and you really need a lot of self discipline. Maybe if you will just write down first those things that you need to settle and prioritize before you can "indulge" on buying for yourself or for your family.

I think it will severely impact the market, as US and EU to an extent is a big market for crypto.


Yes, I agree that government can't kill or even stop bitcoin. So short term we might see a big fall, however, long term I think that we can slowly recover. I think investors are mature enough not to be sway though about the FUD spreading around specially about news the US is banning bitcoin.

#JOIN

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I'm so disappointed on how the project ended. We should be at least be paid on all the efforts we have done to project the project in the forum. Yes, we have been in the campaign for more than a month or even most of us at the very start. We should be compensated at least. I'm sure that the honorable manager can do something about it.

I will be removing my signature today but I still hope that we still can get paid.

Unpacking the 5 Biggest Cryptocurrency Scams

Cryptocurrencies have revolutionized the way the world looks at transactions - but they’ve also facilitated some monumental scams over the past nine years.

The success of Bitcoin and a number of altcoins jumpstarted an industry that is incorporating Blockchain technology in a number of innovative ways.

While the smartest minds have created some game-changing companies backed by the power of Blockchain and cryptocurrencies, nefarious minds have also jumped on the bandwagon, fleecing unwitting investors in elaborate scams.

ICOs fever spawns massive scams


Since Bitcoin’s inception in 2009, people have become increasingly enamoured with the idea of Blockchain technology. Over time, developers and business minds began creating their own solutions with this decentralized ledger technology.

This led to the development of Ethereum and other virtual currencies, with the former in part responsible for a boom in initial coin offerings (ICO) in 2017.

As an ICO is essentially a round of public finding and is typically launched by a tech startup which sells inhouse cryptocurrency tokens to prospective investors, these investors buy tokens in the hopes that company will launch its product and the tokens will grow in value.

An ICO is not unlike an initial public offering, which is when a traditional company makes its share available for purchase to the general public. In fact, this is where the ICO moniker stems from.

Given that there are no promises that an ICO will make good on its future plans, investors take a leap of faith when they part ways with their money. This of course has led to a plethora of scams billed as ICOs, which have seen thousands of investors left out of pocket.

Here are five of the biggest ICO scams in history.

Pincoin and iFan


The most recent large-scale ICO scam grabbed headlines in April. Two ICOs, run by the same company operating out of Vietnam, are believed to have swindled around 32,000 investors of a combined $660 mln.

The company in question, Modern Tech, packed up its offices in Ho Chi Minh city last month, making off with investors money. The scam is believed to be the biggest in ICO history.

A number of investors protested outside the vacant offices in the city on April 8, after the company refused to process cash withdrawals. The city’s administration has ordered police to investigate the fraud.

Both ICOs have been classified as multi-level marketing scams. iFan was advertised a social media platform for celebrities to promote their content to fans. Meanwhile Pincoin was promising 40 percent monthly returns on investments made. The project claimed to be building an online platform encompassing an ad network, auction and investment portal and peer-to-peer marketplace built on Blockchain technology.

OneCoin

OneCoin has been the subject of a number of investigations over the past 18 months. Officially labelled as a ‘clear ponzi scheme’ in India in July 2017, it was fined €2.5 mln by Italian authorities two months later.

Cointelegraph has previously warned readers to stay clear of the operation, as OneCoin does not even operate a legitimate decentralized cryptocurrency. Furthermore it does not have a public ledger and its Bulgarian offices were raided in January with servers seized by authorities as international investigations and court cases continue against the company.

Scandals in countries around the world summed up the fact that OneCoin is indeed a massive scam.

In 2016, over $30 mln dollars were seized by Chinese authorities investigating the OneCoin operation in the country.

The company claimed to be officially licensed in Vietnam last year as well, but this was later refuted by the country’s government. More than five countries have warned investors of the risks involved for those choosing to invest in the company, including Thailand, Croatia, Bulgaria, Finland and Norway.

Bitconnect

Long accused of being a ponzi scheme, Bitconnect discontinued operations in January in the wake of a cease and desist order from two American financial regulators.

Users exchanged Bitcoin for Bitconnect Coin (BCC) on the Bitconnect platform, launched in Jan. 2017, and were promised astronomical returns on their investments.

Furthermore the company ran a lending program, where users lent BCC out to other users to make interest depending on how much BCC they’d lent on the platform. There was also a typical, ponzi scheme referral system.

Nevertheless, the wider cryptocurrency was hardly sympathetic when the operation shut down its lending scheme and exchange platform.

A number of users have since launched a class action lawsuit against Bitconnect to recoup lost funds - amounting to $700,000 for their particular claim.

Plexcoin
This particular ICO was nipped in the bud in Dec. 2017 after being labelled a typical return on investment ponzi scheme. Plexcorp was promising investors over 1300 percent return on investment per month before the US Securities and Exchange Commission (SEC) ordered the company to stop operations.

Over $15 mln had been raised during the Plexcoin ICO. Luckily all of the funds were frozen by the SEC and founder Dominic Lacroix was jailed.

Interestingly, it was the first time the SEC stepped in and charged an ICO through its Cyber Crime Unit. Plexcoin’s offerings was also classed as a security, hence the SEC’s decision to press charges.

[/b]Centratech[/b]
Having been endorsed by the likes of superstar boxer Floyd Mayweather and DJ Khaled, Centratech was thrust into the spotlight for its supposed Visa and MasterCard debit card service that would allow users to convert cryptocurrencies to fiat.

Two of the founders have since been arrested on fraud charges relating to the ICO, which raised around $32 mln, according to Ars Technica.

https://cointelegraph.com/news/unpacking-the-5-biggest-cryptocurrency-scams

Right, its a ongoing process and we can't see how the marketcap will roll out in the next couple of year. Everyone has really excited last year when it hit $800 m and shouting that $1 t is around the corner, but it didn't happened, but it doesn't mean we are not going to hit it though. That $800 m is a sign that we can get it but its going to be a continuing process because crypto is here to stay. So I don't think that we can say for certain when we are going to touch it.

Of course. You don't need to be a rocket scientist to recognized this. Remember when we have 800 million market cap? Bitcoin was worth around $15K-$19K and Ethereum around the $1K barrier.

But as just want they say here, marketcap is not a true gauge because there are really shit coins out there who's value is nothing. And shitcoin is just pure pump-and-dump scheme.