Strange times we live in. Crypto speculation, YouTube views, paid content. Yet no real contribution to the human evolution. A good professional is getting harder and harder to find. This generation is full of fucks who pose on YouTube, unboxing shit, and earning 100k dollars per month. Or "great economists" who are betting on a zero-value digital coin. This is insane. Go get a fuckin job, get a degree, go invent and participate in a project that has real benefits for our technological evolution. You are chasing ghosts and the next generations will have you impaled as the idiots of human history whose only occupation was to gamble and make selfies in moronic view-hungry vlogs on the internet.
So yes, hold your currencies like your life depends on it. Shallow and boring.
BTC < 8k USD. The measure of our generation...
That is the trend of where we are now, with the modern world being able to mix technology and the internet more profusely than ever before it has opened up some jobs and activities that otherwise moght be considered non-existent a few years or decades back but what it also insinuates is that the world is progressing and with this progress it inches towards a world with a need for a virtual currency and digitized monetaries The current trend has made our generation lazy. People nowadays often opt to take the easy way out or the more layback methods in getting what they want. This has a bad effect to the individual and the society itself as it reflects and generates lazy and easy-going people. One example would be people who buy bitcoin and even quit their real jobs just to focus on bitcoin. In addition, this generation's contributions to the different facets of society are less than what is expected. |
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Perhaps it would be better if we help each other to level up by having merit giveaways/contests or even merit review threads, tulad ng ginagawa sa mga ibang mga section. Ginagawa ito sa ibang mga local sections since hindi naman lahat ng users magaling mag english. Pwede pa rin naman maging meritorious ang post mo kahit hindi english ang gamit mo.
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Bitcoin needs to be more stable to attract more players. I need this bitcoin stable this year so that my investments are profitable. My confidence in the bitcoin is huge.
It doesn’t have to be stable for you to profit. It’s still possible for you to profit even if it’s volatile. Also, investors will still come in despite experiencing this volatility. Just last December when the price went up, many ivestors suddenly bought btc just because the price was high, even while the price wasn’t stable back then. Many other factors will allow us to profit and to attract investors other than the stability of the price. |
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52% sounds to be too large for profit. That's sketchy and your bank account may be at risk. It may even be cover up for a different illegal transaction such as the purpose of drugs etc. Actually, your bank account number is very important and you should keep it secure. These people may use it against you through theft.
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It's never a wise decision to carry a huge amount of physical cash with you. It's not always safe no matter where you are. Transactions concerning that much money should be done in a different manner. Could it not have been done in tranches instead of just one lump sum? Also, if the seller is not a trustworthy one, he should not have jumped and made a transaction which concerned hundreds of thousands of dollars. He should have first made a verification of the merchant.
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The number of references to the word HODL on Reddit decreased significantly compared to January. This means that people are disappointed in this strategy and are looking for other ways to earn money.
I don't believe people are disappointed in this strategy. This strategy is popular and works smoothly. It criticized only those who do not know how. My opinion is that all strategies work. But they only work in the right hands. In order for each strategy to be successful, you need to be able to combine several strategies. It’s an assumption to say that people are disappointed of hodling just because the number of references has decreased or people don’t use the word as often on Reddit. It’s possible that people have used it less because it’s no longer a hot topic as compared when there was a hype over btc last 2017. Hodl is still done by most people, even when many early investors of the late 2017 have exited. |
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Currently, the extreme volatility of the market makes it dififcult for retailers to fully adopt cryptocurrencies as a payment method. But, as the market grows and matures with public investment vehicles and more regulated investment channels, bitcoin could evolve into a global digital currency that is widely adopted by retailers.
With a lot of FUD spreading around lately, this is one good news. Now I am more convinced that the market will turn around and more good news will follow because the one who control the media wanted people to know that bitcoin or other crytocurrencies are good investments. Regarding the adoption of retailers, it has been happening around for sometime but only a few knew about it because some are more focus on bad news instead of good and many are still doubtful about bitcoin. Eventually, when more people, institution and businesses adopt bitcoin, there would be more holders and more mature perhaps that wouldn't panic immediately with a bad news. Many are still against regulation but I think it is needed for the people to know that cryptocurrencies are not just a simple invest and then wait for your profit to grow. Many are still getting the idea that it is just a HYIP because many are using it for their own selfish interest. When it is regulated and recognize by government then there would be trust and confidence of the people which would result to mass adoption. That’s true. People should first learn more about crypto before engaging into investments. There has been a presumption that one would be able to become rich in an instant once they buy some btc. If people understood the concept of btc and crypto, then there will be less panic sellers. As more and more innovations and development for btc have been undergoing, then communities should cope up with the regulations and adoptions otherwise they will be left behind. |
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I have a very mixed feelings towards it,on one hand ,victims,you cannot be that gullible and greedy,on the other hand
people got to be protected from the scammers like that
More than basic protection isn't possible. I am honestly tired of all that negativity towards crypto because of how retarded beings find it necessary to invest in obvious schemes. Important to point out is that people in most cases are already aware of the scummy nature of these schemes, but decide to invest anyway because they think they scoop up profits before the scheme goes dark. I don't feel sorry for these people at all. Regardless of how much a governmental body tries to protect people from falling for scams, it will never work when greed is involved. It's impossible to protect people who don't want to be protected at all, because they think they can outsmart everything related to this market. Greed is hard to avoid at all. This goes with other things as well, not only with bitcoin or crypto. Even with all the protection and safeguards put up by the government, it's always going to be hard to avoid these scams when there are still many greedy people who would do almost anything or go through extreme extents just to attain money. |
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So Mayweather has been dragged down because of a faulty company/product he once endorsed. Celebrity endorsements has been the trend for the past decade, if my recollection serves me right. This bloomed even more when social medias became rampant especially among the youths of today. The latter, as we all know it, are more prone to being influenced by products endorsed by celebs because not only are they naive, they too have money to spend. With this unfortunate event, I hope this serves as an eye-opener for each and everyone to be careful of what we are endorsing because there are innocent minds looking up on us. In line with this, I hope this mess will be fixed accordingly; otherwise, this will be another cause of the downfall of cryptocurrencies' prices.
Yes, celebrity endorsements has been quite controversial just recently. When Mayweather endorsed a project, some have even thought that this would have some influence on the price of bitcoin as it would boost it's popularity. Unfortunately for some of these celebrities, they do not consider first the legitimacy of the project before agreeing to endorse. Many are affected when they follow these celebrities and invest in fraudulent projects. |
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Because I am not a Filipino, I want to know that coin. Ph is very important to the Philippine people？ I'm curious about this question, who can answer me.  Coins.ph is a wallet used by most Filipinos because of its convenience. It allows its users to store btc or peso (local currency of the Philippines) online. Filipinos may also easily convert their btc into fiat in an instant and transfer it to local banks or remittances. There are also other functions such as the ability to buy load or pay utilities such as bills and electritcity thru the wallet, making it fast and easy for Filipinos which is why many use this wallet. |
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If a country bans the use of cryptocurrencies in transactions, but does not make holding them illegal, I don't think the price of cryptocurrencies will fall. This is because technically value could be realized by sending those cryptocurrencies outside the country. If holding them is illegal, then of course the only value which can be realized is in the grey market, and the price will naturally plummet.
Your point seems apt and I used to believe similarly about being able to send those cryptocurrencies outside the country. I had a good thought about being able to do this, but then had realized that it had several restrictions, limitations and barries of its own. People who can afford to travel abroad would be able to encash their Bitcoins offshore and bring a bit back to their homecountry, but this constitutes a small percentage of the people. Apart from that, being able to send the Bitcoins offshore to procure goods will levy several customs duties (Atleast where I live the percentage of duty for many electronic goods and medium-high value goods are usually taxable sometimes upto 40% and for some items even more) as compared to the items procured within the country if Bitcoins were a legal tender. What mainly concerns me here is Bitcoin being a legal tender certainly eases a lot of things and boosts adoption. There are some scenarios where a country's currency value is so poor that people resort to using Bitcoins in the grey / black market (for example in the case of Venezuela) and I fear of this scenario only if holding cryptocurrencies become illegal (Although it'd be a nightmare for the authorities to track if kept well hidden until time to exchange). The mainy issue is making cryptocurrencies an illegal tender limits the ways in which we can use it within the country and finding avenues abroad isn't as easy and may eventually be a playground for investors to just trade them in an exchange for the value that it has because of the offshore benefits cryptocurrencies provide to people living in other countries. In my country, bitcoin is considered to have no legal tender and although this would be different if it were to be illegal tender but how it is treated would be nearly the same. It would be difficult to adopt the cryptocurrency as a payment system if this were the case. This would make it hard to "no longer rely on banks or having our own bank". Bitcoin may still be owned if it were not declared illegal to hold crypto but then no transactions can be made with the use of it. |
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IMO the essence of winning is defeated when you cheat. Who are you truly fooling when you cheat? Aren't we just fooling ourselves. It may give you a sense of satisfaction because you may have thought that you have fooled all the other people by winning through the means of cheating but really you're only just cheating yourself. Sadly, many still cheat even in gambling. There are some rigs that can be put so that one may easily win the game.
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because they bank is not in the usa, is this the same as kraken isn't it? i don't remember other exchange outside of the usa having any licence
rule abroad(when see from america) are different
The US AML law for this matter doesn't refer to wether your bank is outside the US or not and not even if you have a physical US presence. From what i know, as long as you serve US customers in any state you should be licensed in that state (that of course if your operations and business model requires a license and Bitstamp's does). CEX for example is a non US based exchange and they do have money transmitter licenses in the US. This is the correct interpretation of the laws covering money transmitter business or that of an exchange though based abroad but accepting members and business transactions from USA citizens. The government of the USA will only act if there is an involvement with their citizens that is why many companies and programs are shutting their doors to citizens of this country otherwise it can be a big hassle and can lead to legal battles with the mightiest county (so far) on Earth. It is precisely for this reason why some exchanges rather not deal with states or countries which have strict juristdiction because its simply a hassle and not worth the hassle. They would rather not deal with them because of having to deal with regulations, licenses and AML laws. It's discouraging and they may lose potential clients however there's the risk of having to deal with law suits or damages if they don't comply properly. |
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Still not a problem, start worrying when we cross this long term resistance line:
Until then, we are doing just fine and we are doing good as usual, not really a bear market, we just got out of hand with that massive 20k FOMO pump. Now it's time to accumulate as all the idiots get rekt, buy monthly, then come back in a year or two and you'll see how current prices are a bargain. Ideally, you want it to go under that line so idiots start thinking "Bitcoin is dead", which means Bitcoin is on a sale and it's the best possible scenario to accumulate.
So end of may price 7k , or less , start worrying ? Yes, according to technical analysis, it would be around $7200, if that doesn't hold then we should fall, but remember that technical analysis isn't a science, it's just lines on a screen which others might or not follow. A single tweet from a strong party could make the price moon and we would be above the resistance line again, shorts would get rekt in no time. There are many other factors that may play which technical analysis do not take account for. Whales have a tremendous influence over the price and when a dump is made, it could easily make the price drop. The price may go down to $7K but with other factors to consider such as when positive news would come out resulting to higher demand then the price may get even higher than that. With all these factors, a technical analysis may help us be prepared or make predictions but it is not the sole determination of price. |
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The king has fallen and its followers go down with him. What else can we do to what is happening in the cryptocurrency market right now? I am seeing two options we could either mourn or take advantage of the situation, like in the stock market money is made on the bull market but on a bearish market, Warren Buffet has bought and go all in during the recession and look what happened to him? He is one of the top 10 Billionaires right now without a business like Apple or Google just pure investments and financial help. The price drops are our opportunity to be one with the pack let us not be sad about what is happening to the market right now.
I would take the latter in your options. hahahhaa Why should we all mourn when the price is still good? That is the problem with most of us, we are not used to seeing the price below $10K and now it seems that we are moving sideways and at times going south, they lost interest and keeps on the sideline waiting for the next breakout before making their move. For me every dip is a good buying point, sadly I don't have funds, but If I did, I will continue to accumulate more and will just hold on it till the end of the year and see how it goes. People look at the price fall to $10K negatively because for those who bought bitcoin at a price higher than that, they have incurred some losses and they cannot realize a return on their investment. The price where it is right now is a disadvantage for them because they are not gaining any profit. According to traders, it's a good time to buy whenever the price goes down so for now, we should buy while the price is cheap in order to increase our investment. |
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If you're currently making more money now trading bitcoin, than you would after you graduate college, then why is it even a consideration?
Do whichever is most profitable, that time you spend at college could be spent earning more bitcoin. Cryptocurrency might not be around forever, you can always go back to college after you have made a good amount, and possibly use the funds to pay for college too.
Profiting should not be only the main goal. There's more to college than just getting a job that would give you a high income after graduating. There are social, mental, emotional benefits when you finish college. Attaining a higher education is not for you to make money or gain high profit. If your looking for what's more profitable, then choosing to continue to spend time on bitcoin would be your answer. You won't be able to finish college either way if your head is on making money. |
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Bitcoin is an excellent education for young people, since it teaches them to invest and obtain great profits in the future, which will represent a better quality of life for them and their families. Likewise, he becomes familiar with technology and stock market concepts.
And you think that it is a good thing that these young people are spending their money coping up to the fast changing movement of digital currencies? It is great for them to know digital currencies, but do we need to immediately teach them how to trade, how to invest and how to earn money from it? We are teaching them immediately how to earn money and not how to live as a young individual. It is a great thing for them to already earn something but we must not limit themselves on their activities such as playing and bonding with their friends. How 'young' are we talking about here? Those ages 8-12? Or adolescents? I personally know of some who are still fairly 'young', but have learned for themselves about crypto and bitcoin and decided to invest. Other than investing in crypto, he also made some investments in stocks. He may be young yet he has made some financial investments. Even when he is not yet working, he has made some steps towards becoming more financially secure. Once he retires, he may reap his profits and retire happily. This is the benefit if we start teaching the young about crypto and investing. |
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For me it would be Airdrop and bounties on cryptocurrency. I did trading in the past and almost lost all the money I get from airdrops. In airdrops/bounties you don't need to learn so many things like technical/fundamental analysis to make a profit you just need to invest time and look for sources where you can get legit airdrops/bounties. You also don't need to invest, you just need to work things out here. Just search on google how to make money on cryptocurrency bounty campaigns. I already abandon airdrops as more and more scam airdrops are popping so I am just now focusing on bounties and thankfully my first bounty was a jackpot sold like $600+ and left some worth $1k+ to make it grow more.
In your first sentence, you suggested airdrops but you concluded that it's no longer profitable and you have already the use of it so it's kind of misleading. Airdrops or bounty campaigns is a way to earn crypto, but it's not regular neither secure. There are some crypto jobs out there that are available. You can check out some sites that offer projects or jobs that will pay you in crypto. Web creation/design, graphic design or even just data entry jobs. Of course, most of these jobs are just project based or contractual but I find these more secure. |
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If the government still doesn't know how to put down all cryptocurrencies(or maybe they're still figuring how to tax users), why wouldn't they create an exchange and get some profit from it? We know how B.S some exchanges are, they needed KYC but in the end, you won't be able to withdraw your funds. Instead of spreading FUD, I hope government from all over the world knows that running an exchange can add funds for their country, and their pockets!  I know it will be making cryptos centralized but look at those exchanges asking for our pretty faces and names just for their KYC/AML purposes. Governments are likely very cautious about cryptocurrencies due to the anonymous aspect of it. There have been claims of ties between bitcoin and terrorist groups, so just by that piece of information alone, it seems like governments will and should be a little more cautious when they think about supporting an anonymous currency. This could easily affect alliances between countries as well. I do see the profit idea though, and I think that's why there are so many current exchanges. All of them reap the profits. If governments did support exchanges and crypto, it might be easier for people to evade taxes and whatnot as well. Govt is taking all precautionary steps to centralize the Bitcoin and cryptocurrency so that they can control it and stop illegal use of Bitcoin. Govt never support a decentralize anonymously currency but they are not banning it as it may become official currency for illegal purposes like drugs trading, tax evasion, money laundering, terrorism etc because of its anonymous payment nature. But wouldn't they be able to regulate cryptocurrency better if they ran an exchange themselves? They'll be able to keep track of the transactions to check out whether there is money laundering or other illegal activity done through the use of bitcoin or other cryptos. There is a risk in it since bitcoin is anonymous and decentralizes, so they have no total control over it and they may be held accountable. If a government regulated exchange is created, people may feel more 'secure' and safe using it since it won't be illegal. |
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I think I have had enough of this "France's move towards regulating ICOs". They have always caused public clamor every time by publicizing something they are not certain with, in the first place. I do not know why they are too inclined about making it to headlines, especially so when the topic tackles on ICOs. Surely they just want to get the pulse of majority because one way or another, they have already seen the BENEFITS of cryptos albeit it being questionable, legally speaking. Simply put, they are just too concerned with their stand in this global issue.
It would bring some positivity and good publicity for France but a lot will be disappointed if these plans do not actually take place. Since many countries have been making actions regarding ICOs, perhaps France wanted to do same and did not want to be left out. If they really want positivity, they should put their plans to action and more of the crypto users would just to support them. Just now that they are releasing news, a lot are excited and anticipating these regulations. |
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