We are now entering the digital era where money is not anymore circulated physically but done electronically. And of course, cryptocurrency is coming at the time when people's interest with digitalization is peaking. Digital payments means convenience as you are not anymore obliged to be bringing lots of fiat money wherever you are going and the money can be transferred to anyone, anytime and anywhere in the world. We are living in a very exciting era and I am so happy and proud to have become a part of this digital age. And I guess this is just the tip of the iceberg, more developments, more infrastructure and more services will be coming our way soon. There is no way that digitalization can be stopped.

Copper recycling can be a good business especially if you are living in or near an industrial or highly urbanized area as certainly there can be many gadgets and appliances that are already discarded. Here in my country, some children are involved with recovering copper from wires and appliances and they are usually selling their hoards to local junk shop dealer. Recycling generally is a good business and as many of us here are saying: "There is money in garbage, someone's refuse can be money to another."

Of course, since getting into Bitcoin mining can be a costly enterprise and if the cost of power can be higher compared to other areas then scavenging and recycling can be a good option. Maybe the best thing to do is make money in garbage material recovery and then just buy Bitcoin from profits.

Yes, the key takeaway here is "some people" and who are these people really? These people's opinions can be as good as we have. I can predict and I can also cite good basis of my predictions but one thing is for sure I could not guarantee that what i said will definitely happen. It is the same with all the things that some people are saying and will continue to say. The bottom line with Bitcoin is we have to prepared for the worst while expecting the best. Hopefully, a big boom for Bitcoin is coming in 2020 and that is when the coin can be reaching as high as $2 Million Dollar, according to figures supplied by John McAfee...believe it or not!

I think you are just concerned with the fact that stablecoins can be transferred anywhere in the globe but so does the real fiat money, you can easily remit it these days as we now have many remittance service providers all waiting for you. Now, you said that stablecoins have same aspects as Bitcoin? Are you sure of that? Do you know that stablecoins are centralized and as such when the going get tough it can suddenly just close its doors and your coins gone for good? Look, stablecoins have their own role to play in the overall cryptocurrency market and they are not meant to kill Bitcoin, just like how you are feeling right now that there is an ongoing crash. Just remember Bitcoin is bouncing back soon. You might somehow hate Bitcoin right now but you will hate it more when it reaches a new ATH in 2020 since you have sold all of your BTC holdings yesterday.

Thanks for your very optimistic prediction on how much Bitcoin can go. Just like John McAfee, you must be a strong believer and fan of Bitcoin. Bitcoin can go as high as 1 million, why not, anything is possible here but I would assume that it can take decades before we can get there. We don't have to listen to many outrageous projections as they are just junks, selling ideas and opinions which may have no real basis at all. Let's always go back to reality whenever there is that tempting and enticing pull of fantasies and dreams. On the other side of the table, after the bull run you are predicting that cryptocurrency can be back to zero after holders convert their holdings to fiat money when it reached the ATH. I would not argue with you on that as the premise of the proposition is quite shaky and can really be impossible to happen. I can sense you are really trying to tell a message here and I think I catch that. Just continue on sharing and we will be here for you.

I can easily shrug off those newbies who are victims of hacking and scams online because they must really be innocent and ignorant of the industry they are threading into but when we talk about a big business like Bitfinex it is really a big WHY on my part how come they allowed themselves to be misled and fooled by the people of Crypto Capital. I guess stupidity and lack of common sense is really affecting us all, whether an individual or an organization which we assumed must have been exposed already to many possible risks and wide experience here in the world of cryptocurrency. Let's hope that Bitfinex can recover something from the amount of assets they lost to Crypto Capital and that there will no legal complications ahead.

I do understand your frustration with the current merit system all members must go through to make a higher rank in this forum. and I am sure you are not alone with your disappointment. However, we have to understand why the Merit is implemented, in the first place. This way the forum is allowing the community to be involved in ranking other members, the only thing is that with the freedom to give merits some members are not using it well but that is already prerogative and not ours.

The best way to get merit is to post a higher-than-normal content and that can mean giving more focus on quality. Quality to me is always contributing something that other members can also pick something from and done in a way that all members can understand and emphasize. A post does not need to be that long as long as it is conveying a good information and idea.

Joel Birch, founder of an investment platform for retail investors, Lunar, reckons that under $8,000 per BTC is a good price for purchasing. “I can’t tell you if bitcoin is going to hit $3,000 or $4,000 or $6,000, but I can tell you, to me it doesn’t matter because I believe that any price below $8,000 is good.”

However, Birch does believe that Bitcoin price is likely to plunge further down to $6,000 before soaring ahead of the upcoming halving in May 2020. Joel Birch is the founder of Lunar and a partner at Lunar Capital which manages digital currency portfolios for investors.

More of this here...



Many analysts are now saying that soon Bitcoin will be breaching the $6000 territory before the coin will have the chance for a remarkable recovery due to the coming halving next year. I don't want to believe that $6000 can be possible but I think this is now the consensus of many people so there is a big possibility for this to happen soon.

I understand that there are now many waiting orders in the $6000 range making this level a very good opportunity to enter Bitcoin again and add more coins. Will you wait until Bitcoin touches $6000+ before making any move? Should we consider $6000 as the bottom of this ongoing dip?

One thing is sure no media will ever cover the story of "fiat network loses 40,000 euros after they burn the money while trying to start a campfire" because that would not be interesting at all but they can be all ready to publish a similar story that took place using Bitcoin or maybe any cryptocurrency for that matter. Media crypto-related or not are always vying for eyeballs so they need to use attention-getting headline and story as much as possible. But I guess we already know this.

Well, the story above is a clear indication that some people are not really attuned with their free and always available common sense. Why would you risk using 4 Bitcoin for a transaction like that using LN when you can use a small amount (as what LN is designed to do). Some people can really be a little stupid and we can all celebrate that stupidity in the media and even in this forum (so we can learn the big lessons).

There is no need for a politician to be a part of this forum to be considered as a real supporter of Bitcoin. With their busy schedules, it is enough that we are sensing they are uniting with us in our fight to promote Bitcoin and make it a globally accepted currency or as much people as possible as we can never be winning all. Support can come in many ways. Just a little pronouncement that favors Bitcoin can be enough to help the cause.

In that list, I would like to add the leaders of Japan, South Korea, Thailand and the Philippines. They may not be saying directly good about Bitocin but they allowed Bitcoin to freely be used and traded in their respective nations, and that means a lot to all of us. I prefer a silent supporter than a big-mouthed one whose actions can be opposite of what he is saying.

Though Bitcoin is supposed to be an anti-government but the reality is that in our global village no island can live alone. We need the government to become our partner rather than the enemy. I know some may not like that idea but tell your idealism to China and see if Xi Jinping will be listening to you.

Bitcoin can never be the currency that can perfectly fit with all the countries in the world, hence it can never be the global currency that many are dreaming for it to become. There are so many insurmountable challenges that can take decades to topple, and that is if there is really an influential organization working and promoting for Bitcoin. Time is coming when people's interest with Bitcoin will drastically wane and that can be the crossroad for this cryptocurrency either it will continue its path to global dominance or will just be like a withering flower in the side of the road. Which future Bitcoin can take depends a lot on many factors happening today.  I am still optimistic with Bitcoin but I also understand the market realities have to be factored in.

I am always amazed when people like John McAfee opened their big mouths and make outrageous, outlandish and laughable predictions on Bitcoin, with a threat that they will be doing something unbelievable if their predictions will not happen. However, please don't get me wrong, I would be one of the many first people to commend John in case the $2 million prophecy will one day be a big reality. I am just waiting for it, Johnny boy.

Crypto Capital President Ivan Manuel Molina Lee was arrested by Polish authorities, accused of being part of an international drug cartel and involved in its money-laundering operations using Bitfinex.

Crypto Capital was a company with which Bitfinex allegedly entrusted $850 million, money the exchange said it was unable to access later. To cover the loss, the exchange conducted a $1 billion token sale in May.

...the Polish Ministry of Justice had seized bank accounts in name of Crypto SP. Z O.O. The seized funds, which amount to $350 million, reportedly belonged to Crypto SP. Z O.O. and NESP SP. Z O.O., two companies likely affiliated with Crypto Capital and Molina Lee, according to several financial documents. The seizure was a part of an anti-money laundering operation conducted by the Polish authority.


Read more of this development here...




The time has come to weed out the illegal operations conducted by this organization as this is a disgrace to the whole cryptocurrency industry. The message here is so clear: There is no place for a business like Crypto Capital in this industry and this should be serving a big warning to anyone doing the same thing or planning to do the same maneuvering.  Let's hope that Bitfinex and pother similar victims can be able to recover some funds they lost to this scumbag Crypto Capital.

Bitcoin is designed to put power back to the hands of the people. However, we know that Bitcoin and related infrastructure are getting centralized from mining to exchanges and this is a great irony that the industry should have look seriously. We always look at Bitcoin as an anti-government force especially in the face with the fact that there will always be corruption in there (to be fair there is corruption everywhere) so that we can be promoting more transparency and more accountability. I don't believe that Bitcoin is meant to topple the government no far from that and that a good government has nothing to be afraid with Bitcoin in the first place. Just look at how Japan has been embracing Bitcoin...it is working good and according to what I read Bitcoin has been contributing something significant to their overall economy and I still have to see a political leader toppled in Japan because people are hodling Bitcoin. 

I was suggesting this idea last week in my post on Facebook. In fact, it is getting too late because the exit of Facebook from Libra should have been done months ago. The biggest reason why many regulators and politicians are not giving Libra a gate pass is because Libra is heavily associated with Mark Zuckerberg and his Facebook. They are concern that what happened on Facebook regarding privacy and data leaks can also be done in Libra and of course they are raising issue with Libra being a centralized platform controlled by a few individuals and organizations. I am pushing that Mark should do the divestment as soon as possible maybe tomorrow at 12:00 PM. Mark, come on, please do it.

In the past two months, I have been wondering what happened to the very popular phrase "to the moon" and I think I now know why people seem to be tired of it literally and figuratively. There is a great fatigue enveloping the market today and I am sure this is not limited to South Korea soon this can be happening everywhere. We are all tired of waiting, of holding and staying hopeful for the next altcoin season and the bull run. I am alarmed of this trend because I know if this can spread everywhere then even the scheduled halving may not be enough to revive the market. Are we now heading to nowhere?

This is my first time to be aware of that development in Xtrabyte...sadly I think I already lost that coin somewhere in an exchange I could not anymore pinpoint. Anyway, I am happy to see that Xtrabyte is given a deserving new life am sure that many hodlers are happy right now. Yes, I would not have any problem with a coin that is looking for another chance and I think we should encourage dead coins to either resurrect their projects and do the Second Coming or look for another group that can be interested to revive the said coin for the sake of those who believed in the project in the first place. In fact, the second time around can even be sweeter and more fulfilling, just to rephrase a popular saying.

Ideally, the more number of players in the industry the better it must be for the whole market because people now have a choice. The biggest problem is that this increasing number pf players do not correspond to an increase in the quality of the projects as many of them as just "me-too" type and many just don't have use-cases clearly defined thus they don't have targeted market of their own...they can be good in their Whitepaper but look closely you can be discouraged at what you can see. The deregulated and decentralized nature of the blockchain and cryptocurrency have produced little monsters that are not contributing a lot to the health of the whole industry. This is what we get when we allow the open market take anything thrown into it without an established vetting process at hand. Sooner or later, these entities must be weeded out when intense competition is setting in. I am wondering what are the things we can do as ordinary watchers of this industry to make the marketplace as healthy as it should be...?

There is a big drought of good news in the altcoin industry and top coins are still subscribing to the direction which Bitcoin is going...when it is up a little then altcoin can also be making a little jump, otherwise they can be heading south (down) when Bitcoin is having its headache. Right now, we are in the middle of a lake colored red and there is no clear signs yet that things can be coming back for good. We are just weathering this big storm, who knows big good news can be coming to the whole cryptocurrency industry when things are starting to be sober.

There is a big drought of good news in the altcoin industry and top coins are still subscribing to the direction which Bitcoin is going...when it is up a little then altcoin can also be making a little jump, otherwise they can be heading south (down) when Bitcoin is having its headache. Right now, we are in the middle of a lake colored red and there is no clear signs yet that things can be coming back for good. We are just weathering this big storm, who knows big good news can be coming to the whole cryptocurrency industry when things are starting to be sober.

The government's stand on cryptocurrency has had been playing that big role in the growth of this industry in this side of the map. Take for example how the cryptocurrency industry got almost into a halt when China decided for the ban, although Bitcoin can still be owned and traded P2P in China they are not doing it on the open anymore for fearing of government reprisal. There is nothing to change in the regulation when the government regulating is adamant on its strong position not to recognized and regulate the said thing.

I agree with the assessment that there is that big potential in Asia to contribute a lot towards the growth of cryptocurrency particularly Bitcoin. Even without China recognizing Bitcoin, Asia remains a big powerhouse in this industry and it can be safe to assume that visible growth can be seen in the statistics. Just imagine had China and India openly embracing Bitcoin albeit in a strict and hugely regulated environment, there could have been an explosion here not seen anywhere.

Scams and frauds which utilize cryptocurrencies are also playing a big role why many people seem to be detached and afraid to join the cryptocurrency bandwagon. Certainly, when you are burned even just once it can take a lot of time for you to change your impression and mindset. Losing money in many scams around, people got convoluted view on cryptocurrency.

I am sure there are many reasons why up to now adoption of cryptocurrency in Asia is not that very rosy but as I said the potential is really there so we might be requiring some time for this to happen. Japan and South Korea are both countries qualified to be poster kid for this industry. Anyway, the industry is still young and there is no need to fast track things when it is not possible to do so.