Please house, I will like to know whether out of the existing altcoins anyone of them has potential to be like bitcoin in the nearest future. I will appreciate if i can know the reason why because this will greatly assis me in planning my investment strategy. Thanks.
When you refer to an alternative coin that is similar to Biitcoin, in what context are you referring to? Bitcoin is comprised of many aspects, for example, it's original conception seemed to be a proof of concept platform demonstrating the technological use of the Block-Chain, the real magic behind the scene (this possibly being the reason behind the project being open sourced). Bitcoin proved it could work, with its "proof of work" design. This opened the door for others to emulate, adapt and remodel the core of the system, leading to a jumpstart into the next wave of innovation. If I had to choose the closest project to be the successor of Bitcoin, it would possibly be Ethereum, because the introduction of smart contracts and other goodies the project bring out. Just my two cents! |
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Hey all,
I've been watching Bitcoin since its inception (whitepaper) by Satoshi, and have been following the Bitcoin phenomenon grow upon the US and then the rest of the world throughout the years, and while Bitcoin had it's ups and downs (prices/usage, but mainly the fear a round it this last year) it's been a huge success and an amazing project that had withstood the biggest and strongest evil forces you can think off (governments, state judges, whales, asic companies, ...etc) and it seems to me that Bitcoin will probably have few more years it needs to suffer as it becomes fully mainstream and finally a part of our life as a decentralized currency.
Whatever happens to Bitcoin is totally in our hands, but we cannot let individuals ruine Bitcoin. Individuals like whales/51% consensus pools (company) and more. Although it's decentralized, and quite fast (with the aid of the Lightning Network of course) I think that Bitcoin Core must implement some sort of protection/punishing mechanism to make sure the status quo is not affected by the hands of those wishing to control it, and therefore doing whatever they want with it (dumping prices, withholding coins) ...etc.
It's time that developers really think hard on the state of Bitcoin and where the true vision of Satoshi (either a group or individual it doesn't matter) is. It's our obligation to remain true to that vision and make sure that deventralization at its core means true equality to its users.
Whatever your thoughts are, please share and let the community follow what's right, not what is!
Bitcoin can die, but not the idea itself. It is the idea that keeps the scene thriving. If Bitcoin does indeed die, surely another will rise within its place, no? How many other coins are currently within circulation on the market? I'm sure that there must be thousands by now. I could be wrong, but I think satoshi's creation and mission was successful. I think Bitcoin was just the example used to show a proof of concept for the blockchain. Satoshi may, or may not have expected bitcoin to last, but instead the idea of the blockchain to be realized. Bitcoin was a demonstration of the real innovation, the blockchain. |
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I think that you are partially correct, as far as the government wanting to keep control, instead of allowing the people to usurp the monetary system with digitally cryptographic currency. Their are a lot of politics involved. So I myself, an unsure to the exact reasons it isn't massively adopted by parliament.
Parliament around the world, runs on a system whereas "if it isn't broken, don't fix it." Now, I can see parliament across the globe, adopting the technology, and then issuing their own version of currency coins for the people.
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I'v found a website quite similar to coinmarketcap but way more stylish and profesionnal , let me know what you guys think of it : https://www.worldcoinindex.com/ (Cryptocoin price index and market cap - WorldCoinIndex) I've heard of this website but never visited until now! It has a very clean interface. It is good to know that there is always an alternative website for indexing. In the crypto community, websites come and go, but this one looks really solid. One thing I've noticed is that coinmarketcap doesn't respond well within my smart phone's browser. This one site seems to work well on mobile devices. Sweet! |
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Well, if you want to follow the scene a bit more closely, this forum is really the place to start. Also, check out coinmarketcap. www.coinmarketcap.com Find some time to research the top players on the market, studying their projects, visiting their websites, following their communities, etc. That's the only way to get a true feel of what's really out here in the crypto scene. No one really knows for sure how long crypto is poised to last. With regulation crackdowns, and massive hacker attacks. Crypto is still standing strong. The market price is down to the governments around the world issuing legality statements, but crypto is on the verge on bouncing back. Let's just wait and see! |
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Altcoin is better than Bitcoin because Bitcoin is the predecessor of any altcoin. Bitcoin is the archetype, the prototypical design that all other current crypto molds are cast from. If it wasn't for Bitcoin, the altcoin as we know it today, would not exist.
Many coins have come, mostly copies, few with real innovation. Ethereum was poised to be the Bitcoin killer, or version 2.0.
Perhaps Ethereum is Bitcoin 2.0, but I know one thing, their is definitely more to come, as far as innovation within the realm of cryptocurrencies.
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The blockchain is a really innovative tool that was well thought out, planned accordingly. Satoshi Nakamoto, whether it be a pseudonym for a single guy, or an entire team collaboration, it was a real game changer. The blockchain is a decentralized publicly transparent ledger. If Bitcoin is a platform, then blockchain is a foundation.
The whole point of the blockchain being decentralized and public, means it was conceived on the notion of trust, from peer to peer. It is an entire ecosystem, and to top it all off, the entire project was open sourced.
If that isn't the definition of trust, then I don't know what is!
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The best way to trade wisely is to educate yourself upon how the basics of finance and investing work. This market will swallow up any novices who are looking to profit, due to the highly fluctuating liquidity of cryptocurrencies. Prices will moon, then cascade downward rapidly, all within any given time. It can be quite chaotic at times. The best place to brush up on your skill level is here, investopedia. www.investopedia.com They offer a wealth of priceless information, most of it being vital information newbies cannot afford to he ignorant of, especially when considering investing. Best of luck to you sir! |
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This is quite true I'm afraid. Many popular companies, including social media platforms are banning crypto currency related adverts. The move forward to ban stems from the recent statements regarding regulations and other legalities surrounding crypto. It's best for these large scale businesses to take the safe route, rather than chance any legal trouble. Maybe when these clarity and guidance navigating the legal waters of crypto, these companies may once again approve of crypto advertisement placements. |
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Whether one should invest in bitcoin or not depends on whether you think Bitcoin will become a long-term trusted store of value.
If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.
If BTC does not become a long-term trusted store of value, its likely price will be close to zero (unless it becomes a "cool" collectible... which is a possibility).
So if you think BTC has a 10% chance of becoming a long-term trusted store of value, it is a good investment with a nice expected return. It is still very risky but professional investors should invest some small portion of their portfolio in this case.
No one really knows for sure, the developers are doing their part, now the ball is in the court of the governmental bodies around the world, in the end, they have final say so. I would like Bitcoin to be around, but who is to say if an alternative will rise up or not, overthrowing Bitcoin? There are a lot of alternative projects on the market, as well as being developed, that claim to be a real disruptor in the fintech industry. Bitcoin believe it or not, is still within its infancy. For the sake of investors, speculators, and fans, let's hope it lasts for a while! |
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I'm currently investigating how to stay under the radar with regards to the profits made from crypto.
So, let's say we made millions, how do you get some of the money back to fiat,but without making waves with the government.
Added, I stay in a corrupt country where large scale government corruption is the norm.
Any help will be appreciated.
PS: Is the idea of crypto not to be anonymous.
Sounds like your asking us how to launder money. I can't answer that question, but what I can do is tell you about the alternative, the best option would be to create a ledger of all of your crypto transactions, and pay your taxes at the end of the year. That's the safest bet, as your asking members to incriminate theirselves by giving illegal advice. Therefor , this is how one avoids waves by the government and regulators my friend, by working with them through compliance. It's a fight you just can't win! "Give to caesar what belongs to caesar!" Just my two cents, I don't mean to offend anyone. |
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Hi,
I see a lot of great projects..
But also a lot of project which I don’t like.
Here is why
Not every project needs blockchain. Or not every blockchain project will survive.
In a project you need also a good businessplan and marketing.
Example
I saw Friendz which is a social media project. Nice plan but don’t think it will replace Facebook because
it is in blockchain. You need a lot more.. A LOT MORE to best orher companies with a centralized system.
Be carefull and good luck with your investment
Agreed, not every project is worth investing in, due to its lack of a visualization of its future, not just the future of a projects goals, but a visualization of a projects direction. When looking for investments, one should consider the possible impact a project might have if it's on schedule to meet its goals, especially if it is an original and innovative idea. |
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The best way is to increase your user rank here within the forum. It used to be as simple as posting frequently, some members took advantage of that privilege and the administration of the site took it away.
Now in order to rank up, you must be tried by a jury of peers, in order to receive a merit. While this sounds like a stellar system, it's major drawback stems from lack of charitable members. If a good post is made, generally you would expect at least someone to be moved enough by it to give credit to the poster, but I see a lot of threads where it feels like the posters are cheated.
Just continue to make quality posts and eventually you will receive a few merits.
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I see bounties get stakes not token, What is the difference between two of these ?
This thread could be deleted, but I will answer anyway in Hope's of you seeing this post. A "stake" is a share in the bounty. It is an allocated number of shares, or a percentage of the shares to be paid. A stake = your share. What "kind" of share will vary. A token is just a medium, or placeholder of value/utility. Not all payments from bounty campaigns are stakes (shares) of tokens. In other words, not every campaign pays its workers with tokens. |
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So everything is in the title.
What can you do when you have been scammed ? what are your possibilities to recover your funds, I mean here in the community, excepting going and report to the police.
Well, being that crypto is still a highly unregulated market, there's no choice but to accept and start cutting your're loses. We should try to learn from our mistakes, or short comings. Remember to try and practice your due diligence for every pontential investment. The best thing to due is study the scene, learn the ends and the outs of investing. Investopedia is a vast tool for learning how to invest. I believe they even have a market simulator game. www.investopedia.com |
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Bitcoin users are frantically searching other exchanges today that don’t require Know-Your-Customer (KYC) verification. A post on the Reddit forum /r/bitcoin on April 17 showed a picture that stated a Localbitcoins user’s trade volume was “significant” this past year, and the trader had to verify their identity in order to keep trading. The picture reads: Error! Your trade volume has been significant in the last twelve months. Please verify your identity to continue trading. Localbitcoins does use a verification process but it’s never really been enforced, although some believe more traders will trade with you if you are verified. Much like the rest of the exchanges out there that do require immediate verification, Localbitcoins uses an ID service called ‘Netverify,’ created by a company called Jumio. Basically, the user uploads a picture of both sides of their license or state ID and in a few minutes, the platform reveals if the identification is a legitimate or not. Source: https://news.bitcoin.com/significant-trade-volume-triggers-localbitcoins-kyc-requirement/Well, the reason being for KYC is because in most places, you need a money transmission license, in order to move large volumes. If you haven't noticed, regulations are being enforced, hard and fast. This is the reason the current price of crypto at the moment has taken a beating. Speculators have been pulling out as of late, cutting ties until the law is clear and concise. This is the bubble they've spoke of that popped when it hit $20,000 a few months ago. As soon as governments in major territories where crypto is thriving started issuing statements (like mainland China), F.U.D spread and people starting shorting investments, other pulled out completely in a frantic state of panic. |
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All projects suggest to take part in their campaign.
Can you advice me the best one to earn, please?
Now I take part in costal media network campaigns such as Twitter and telegram. But l would like to try translation. Is it worth doing?
This question is a bit broad, so the answer will be subjective all around, no matter how it's answered. Translation bounties are hard to be accepted into unless you have a track record/ list of translations you've made for campaigns already. There are numerous members here with the translation credentials already under their belt, and they usually translate for bounties frequently, so expect some serious competition when applying. If you have a resume consistent in bounty campaign translations you've made, you may have a decent shot at being accepted as a translator. Any way, good luck on your venture! |
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A few months ago there was an issue with Etherdelta and some people lost their ETH and tokens.
Has the issue been fixed, is it safe now?
Yes I remember this well, I too would like to know, just for curiosities sake. I've always figured that a decentralized exchange like delta would be the target of hackers. I never made any transactions on any exchanges besides Coinbase and circle, being that they are both seemingly trustworthy, and some what centralized. A little bit of centralization can be a good thing, in my own opinion on the matter. |
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If Bitcoin returns $ 20,000 then the market will be pump and altcoin also pump or continue sideways.
I see with the current situation can bitcoin will be more than $ 20,000 in two months.
(This is my thinking.)
I am not 100% sure if this is the case. The reason for the $20,000 high was due to the market being heavily unregulated, but parliament across the globe, has been issuing statements regarding law and polices for crypto. Some countries even outright enforced their law immediately, banning many forms of crypto related transactions, activity, etc. Bitcoin most likely won't be returning to $20,000 anytime soon. So don't expect to see huge artificial pumps from the whales. Just follow the news on crypto, you'll see how governments are cracking down hard on crypto. When Johnny Law has to get involved, Uncle Sam isn't to far behind! |
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BTCbitcoin prices moving due to technical analysis or fundamental analysis???!!!!!BTC
I think the prices are moving according to fundamental analysis, partly because fundamentally, Regulators across the world are beginning to crackdown on crypto, issuing statements and enforcing regulations. We are in a, what could be called, a wild west styled market, due to the bit of lawlessness within the crypto sphere, because of it being a futuristic technology that disrupts the fintech secor. Cryptocurrency is still within its infancy, and needs some time to mature. |
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