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It's been really crazy the past couple of years due to the tension between mainland China and Hong Kong, and every subject has become a heated discussion point.
Carrie Lam did take the blame for everything, which I actually respect a lot, and I think it'll help things a lot.
The problem here is, well the problem I am assuming is the tax evasion and anonymity that crypto-currencies like Bitcoin offers, and I'm pretty sure the government wants to be able to see what people are doing.
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Whenever there's a bull run, there'll always be a plummet from that high price down to a lower, more reasonable price.
Nothing big has happened so far, and no huge whales have exited or bought up all the BTC, so that's probably the main reason why we haven't seen a lot of huge price changes in the recent months.
I like the current market though to be fair, small price changes, where BTC is fairly stable and isn't making huge bull or bear runs.
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I'd say something like 70 percent of the world has heard about bitcoin, and 10 percent of the world is invested, or has invested in the currency previously. There's actually been a lot of media attention that bitcoin has gathered, and there's a lot of people interested in it nowadays. I think majority of the people have already heard or read it .
It is being published every where and people tends to attract or share information to their family and friends so I really think that majority of the people have already heard or read about it even once since Bitcoin started.
But not everybody who hear or read it got interested there are always who would look at it at a different view ,
Like those people who thinks that it is a criminals money because it is being used too much for illegal things like black market, Money laundering and scams.
That's true - there's been media attention, but a lot of it has been negative and flawed in it, with a lot of people under the impression that the currency is only used for illegal activities now. At least media is more accurate nowadays. |
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They couldn't promote their scam exchange here that's why they tried to create an alternative for Bitcointalk forum.
I don't think that Yobit even cares about building a reputation. But it did always focus on promotion by several methods. They run a signature here for years (recently suspended) with a good rate (compared to other btc campaigns at that time) and now running another campaign with a great budget. Yes yobit did create cryptotalk forum but not only for promotion purposes (actually can use social channels and get quick results) . May be they really want to compete with bitcointalk. Even discussions there may have no value but with the daily traffic they can manupilate crypto investors easly. I think it's very interesting to understand what's in their plans. It's probably true they won't be able to reach Bitcointalk's lengths of discussion and success, but they will likely try, and once people start taking them up on their offer and they start posting there for money, we'll see them get a lot of traffic (even if it is fake), and traffic means they'll get options to monetize the forum and get sponsorships up and running. Well, this is the first or main motive why they re-launch their signature campaign on this forum since they
do know that this place do have some good crypto traffic and now they are trying to make a forum on their own.
Just quite odd that they do pay less than on their current sig on here than into their new ones.I have received the same email too.
I agree with you that 1k SATs is too low as a payment on the new forum but it can be better as time goes by. I disagree with you on the fact that they are running signature campaign because of their new forum because this is not their first time. @DoublerHunter, it is erroneous to compare constructive post on the forum to faucet payment, one requires your brain while the other only need your finger. Agreed - they won't find a lot of success there with faucet payments, I don't think there is even a limit on min characters or a quality checker, someone can just write a sentence and earn some sats. |
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Not sure why you'd show off your competition's rates, profit and traffic if your not going to show off your own stats? Unless this is you showing how profitable the market is, which makes sense?
The site is actually pretty well made at the current state, I really like the colours and designs, it's much more smoother on the eyes and pretty minimalistic.
Possible dark mode soon? If you already have it, props, but I couldn't find it.
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Well, if you could use exchanges to shuffle your funds, what would be the point of having a mixer? There's actually been a lot of cases where exchanges have taken or paused a transaction either due to the volume of it, or it being possibly illegal - mixers don't care and wont do this to your funds.
Exchanges will also have/keep your data and it's no way near as safe or anonymous as using a trusted mixer service, for example chipmixer.
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that compound interest is such a great thing
Conpound interest is one of the most greatest invention of economist.
Compound interest is probably one of the best ways to make money
I don't understand. Isn't that just reinvesting? You can either take the income, or invest it in whole or in part. What is so special about this? I check the definition: https://en.wikipedia.org/wiki/Compound_interestCompound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest. Compound interest is standard in finance and economics.
But you describe everything as if you discovered some kind of grail. Compound interest is one of the best investment options though, you achieve a lot more profit compared to simple interest investment options, and it's such a good investment that I've actually rarely seen investments that offer those sort of interest rates. Think I did get the 2 terms mixed up, compound interest isn't reinvesting, that's my bad, and there are no locked investment periods for compound interest. |
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I think most people here are pretty against using loans to invest in anything, whether it would be a traditional investment or a crypto-based investment, but from what I've read, it's actually not that bad.
The main problem with taking out a loan to invest is that in most circumstances, the loan you are taking out has funds that you can't lose, or you're screwed basically, it's the idea of profiting off money that isn't really yours.
For you though, it seems like losing that amount of money is honestly fine, just sucks, so I'd actually go for it mate.
If ever, OP has a stable income, paying 500 bucks monthly as stated above is fine, he is indeed fine. But it will be a waste if ever he failed his plan, also I think OP is making a rush decision due to sudden fall of price of bitcoin. He wanted to take advantage for that fall. But still, the last decision will be coming from him. You could see this 2 ways though, in one world he gets a loan in order to capitalise off the falling BTC prices and then they go up in a couple months, he can either sell BTC so he can repay the loan and make some money, or just keep it. I recommend you to think this through, but being a safer person myself, I wouldn't take the loan, just be happy with the amounts of BTC you have so far, and keep working on the 500 a month. |
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maybe. i honestly don't know how much longer that model will hold up. you've got american FINCEN closing in on one side and the EU commission on the other. they're picking off the low hanging fruit (like 1broker) first, but the CFTC is already investigating bitmex for allowing americans. bitmex doesn't do KYC and they allow VPN usage. so the CFTC probe is a sign of things to come IMO. Does the US require KYC even for non-FIAT services? Most of the EU countries only require KYC systems on FIAT-handling services (which let you exchange for FIAT), not crypto-only services. Some platforms require KYC even for signing up and trading crypto to crypto, but from experience, it's fairly easy to trade crypto to crypto, there are a number of platforms what will let you do so, or you could always VPN and use services that are closed for US IPs but still accept VPN's (like a couple mentioned in this thread.). last time i needed a service like this (a few months ago) i used flyp.me---worked very smoothly, no KYC. ShapeShift probably wants to continue 'easy operations' in the US. If Fox.exchange says screw it and just requires VPN use then no need to listen to the US  maybe. i honestly don't know how much longer that model will hold up. you've got american FINCEN closing in on one side and the EU commission on the other. they're picking off the low hanging fruit (like 1broker) first, but the CFTC is already investigating bitmex for allowing americans. bitmex doesn't do KYC and they allow VPN usage. so the CFTC probe is a sign of things to come IMO. Meh. I don't think it matters much for these kind of P2P services. Fox.exchange will probably just keep operating, and as soon as an investigation is launched, they'll probably just close shop, - or open a new company using another shell on another island. US will never catch them, or atleast, it will never be really worth to do so. Bitmex though, yeah, that's a different story. I could see some compliance issues real soon. I agree, as much as it sucks, a lot of companies like these are probably not worth the effort for the government to chase and have a lifespan to them, I'd probably guess they get shut down by the end of 2020, then come back as a different company in 3-4 months. |
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What if Bitcoin was actually created by the CIA, or FBI, US Military to gather some intelligence? This weird imagination has been lingering in my brain because Bitcoin has all the signatures of what the USA Intelligence can create, Similar to the way they have created things in the past.
Wait, are you thinking the CIA, the FBI, or the US Army used bitcointalk? did they keep typing in the bitcointalk forum? satoshi attended this forum for a while, and I don't see the CIA, the FBI or the US army chatting in a forum. Another thing, you are underestimating people's intelligence, a single person could be able to create bitcoin, we can't underestimate people. As for staying anonymous, he may have been scared at first and then died without anyone knowing he created bitcoin If for any reason the CIA,FBI, or the US Army are the founders of btc to gather information about users do you think they really need to be in this forum to chat? No they don't have to, they already have a technology that gives them all the information they need, so whether they are active in forum or not does not really matter, between you don't even know who satoshi is, a member of the CIA, FBI or US Army you can't tell, Everyone has their on perception on what they think btc is and how it originated, the fact no one see to know who the creator is leaves people to come up with different attributes, My question is, If the us government are part of this then why are they so against it? Is that just an act to divert people's attention? Maybe because of the complex nature of btc that is why who ever created btc (group or an individual) chose to remain anonymous, the pressure will be much to handle. He's saying the government is using bitcoin, and created that technology, not that they created and are using bitcointalk - although I'm pretty sure they are a couple government officials that use the forum to watch what's happening. As I said previously, if the government did somehow make bitcoin, they kind of screwed themselves over - they created a currency that they can't control and is now gaining a lot of popularity. |
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Where are your company number, address, and what's the team behind it? If your releasing such a huge platform, you would expect all of this information to be easily accessible, wouldn't you? You said you updated the site but I still can't find info related to team members, can you link me maybe?
I like the approach your taking though, it's much better then crowdfunding for funds.
One question though, how will you handle KYC?
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Pretty surprising to see Bitcoin have a top 30 ranking by value, but be accepted literally no-where, the graph really does show a stark contrast between it's adoption rate and market cap. this is no surprise. Bitcoin mining uses over 1% of global energy expenditure. That's pretty big amount when you think about the amount of electricity we use worldwide. Therefore, Bitcoin being in the top 30 cryptocurrencies make sense because of course it is being accepted all over the world.
1 percent isn't that much to be fair, but it is a very sizeable amount, a lot of companies and other operations will use a lot more. Haa! That's a great achievement however our goal and vision is aiming at the skies where cryptocurrencies is seen as the first currency which is widely used by everybody across the globe. It's a wide guess into the future but i believe it would surely come to pass someday.
Maybe one day it'll be top 20, or a top 10 currency in the world  |
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Comes down to 3 main reasons why BTC will always be top dog of the crypto world:
1. Experience, BTC was the first ever coin to be popular and was the first coin to have a decent market for it in crypto.
2. Technology, bitcoin has always had good motives (decentralisation) and to this day has a loyal group of developers that keep everything updated.
3. Adoption, BTC has actually grown into a state where many companies and countries are starting to take it in and give it the adoption it needs.
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This sounds like of those conspiracy theories again. It's pretty unlikely the government would ever make something like this, because they wouldn't be able to control it, even if they did create Bitcoin.
Satoshi went to great depths to protect his ID and that's why it's so successful, not because of other factors.
Bitcoin isn't the work of one many, there are a lot of developers that worked and still work on it to this day.
Interesting theory though.
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This sounds a lot easier then it actually is, they know very little information about those hackers, and if they do decide to persue this, it'll take a lot of manpower, co-operation between countries, and probably a lot of money for them to recover funds that they will 99 percent end up pocketing...
This is just an attempt for the law firm to get a lot of money, publicity, and then the governments want a cut of the pie, no actual people will benefit from this, which is definitely quite sad considering how much money was lost during the hack.
I'm grateful for the bump, I've actually never seen the article or this thread before.
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It's not really that hard to be honest, the most important things you should be doing when sending a transaction would be to make sure you copy paste it well, and then verify that the first 3 letters and the last 3 letters of the BTC address all match up and look good.
For sending it to other addresses, usually you aren't allowed to send it to erc-20 and some addresses (incorrect prefix), and it just feels really stupid to do that. It does make sense when your dealing with BTC cash or the other options out there though.
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I doubt negative interest rates will really affect BTC that much, more so the regular markets. I could definitely see negative impacts coming from this for investments like gold and sliver, but probably not such a new thing, there's nothing really to affect.
A lot of "correlation" we've seen over the past couple of years isn't all it seems, how BTC works is actually very, very unique, and I've only seen 1 clear-cut example of something affecting the price of BTC, which was when the media pumped BTC all the way up to 20k, pretty amazing stuff.
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Great mindset mate, I really like how people are realizing that BTC isn't another get rich scheme, but it instead does take time and is more about the technology and motives behind it than just making money.
People will need to start looking at cryptocurrencies as not a get rich scheme, or another "bubble" in the tech industry but realize that the technology is going to be incredibly useful for our society in the future.
That's a good mindset to have, but the problem is that too many people have already given up on that mindset, and the media doesn't help portray that image. Not sure if a lot of people remember, but when BTC rose to 20,000, it was due to a lot of pumping and aggressive marketing from the media, with them saying it's new hit investment, etc. Media is horrible for us, and horrible for the future of BTC - unless real information starts being portrayed. |
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There doesn't always need to be a group that you are a part off, the smart investor will know what time it is to be a bull, and what time it is to be a bear.
I personally haven't been a fan of investing in BTC in recent years, we haven't really seen a lot of movement, it's mostly been small price bumps, up or down.
Although, if I was to choose what group I reside in I'd pick the bulls.
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I believe this is known as a market economy (a economy where the government doesn't exist, so there are no regulations, taxs, etc).
It would never work. The government is still very important to us, helps with education, public transport, and even though they do over-regulate sometimes, and are sometimes corrupt, they are usually great for us.
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