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When I started it wasn't easy, I was only relying on faucets and the earnings were not much. I was making use of Xapo wallet and they had one really cool faucet app that I liked then. The faucet wasn't like all these ones that are annoying and filled up with adverts, and it was paying more than most of them and the payment goes straight to your Xapo wallet. It was fun playing around with it and I stopped doing it because of money but because of the fun I can have with it.
I even stopped checking my wallet and the earnings were growing and even increased more as price was going up, I never knew. The day I decided to check it out I was really surprised that I have made lots of money from faucets due to the price increase. Sadly they deactivated the faucet and other faucets I see these are completely useless. But I'm still happy that cryptocurrency have changed my life.
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The game industry is as promising as cryptocurrencies, but I’m not sure that Bitcoin will be actively used inside game structures, you can consider bitcoin as a prize pool, but not as a functioning unit within a game or platform, at least with its current bandwidth.
Bitcoin as payment tool is gradually being introduced to the gaming industry, although the kind of game I am talking of here is that of gambling game, you could see some gambling game already using bitcoin for casino games and some other spirit betting. As time goes on and as we get deep, I believe that all other gaming industry too will begin to see the need for why cryptocurrency should be used. There are thousands of people in the gaming industry and if game merchants can introduce bitcoin to them, it would have a very massive effect on the bitcoin value because it will tend to make the community grow bigger and there will be more demand on bitcoin. Two major industry that I will really appreciate now is the gaming industry and the entertainment industry. |
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Bitcoin had never been and will never be a magic that will cure any economic crisis and problem. It is never aimed to be a solution. It is up to the leaders how will an economic problem will be solved and cryptocurrency can only be an alternative tool and not a solution.
It was because satoshi saw a problem that he created a solution for it, so you cannot really rule out the fact that bitcoin is a solution to a particular challenge, and the reason for its services as an alternative is because the first cannot do everything on its own to solve the problem. If the leaders know how to apply the use of blockchain technology and cryptocurrency very well, ii am sure that they will be able to at least use it for a certain percentage of solving solution to where bitcoin fits in for problem solving. I dint even see china having too many problems for them not to be able to use cryptocurrency or blockchain technology to solve and it may be for this reason that the leader is even encouraging its citizens now to embrace blockchain. |
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Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent
Don't let them invest in what they don't know about
how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??
The mistake most people make on investment is that they make it out of instinct, they just look at the team of the project and once the team looks nice and good looking, they think that the project will make it, meanwhile there should be a deeper knowledge that people should go for first when looking at investment in any project. My take also in introducing people to cryptocurrency is that we need to stop introducing them to crypto only for investment reason alone, we need to make them to fully understand the concept of cryptocurrency generally and how holding it as asset came out to be the secondary part of the system while the primary goal of any of those cryptocurrency is to actually make it easy for us to make payment peer to peer. |
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Not just US government, it is absolutely impossible for bitcoin to be control by government through its entire system in their hand because there is no one that own bitcoin, and there is no one that can make any coin that is similar to bitcoin, government will therefore control the exchanges than these coins, once they are able to regulate and control the exchange, they have already started controlling the better part of cryptocurrency.
For this not to happen, we have to all start working towards encouraging dex exchange developers to do more, because with dex and using a decentralized coin, we will have absolutely control and government would not even be able to do anything about it rather than just looking for a way to deal with the situation.
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The value of bitcoin might go down a little and maybe between 7.5k - 8 and that is really a good deal and take advantage of the dip. We might not see this price again of the vakue of bitcoin breakouts to 10k and there is a speculation that it might hit 16k above by this month.
It is really hard to predict and analyse the future chwrt of bitcoin but one thing i know is to invest and this is really a good opportunity while its last. And i don't listen to fuds since they are just making people to panic to sell or buy to manipulate the market.
In as much as I know that there will always be a correction, I really do not see the possibility if bitcoin dumping again below its current price, because we have stayed long already in that price market which I think that the market has now recovered for bitcoin to continue make a move more on trying to break more upward barrier. The only thing I expect right now is that bitcoin may remain stable on this current value now for a very long time, but will late continue to make a more increase when the year is about coming to an end, because that season usually generate lots of traffic for the market cap of bitcoin, but whatever it is, I am very hopeful for next year as the year that will also be like the year 2017 when lots of rich people were produced. |
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Africa is basically a great place, and truly they have lots of resources, but their problem is that they have foolish leaders. So, I won't blame them for facing poverty, because their leaders are the ones killing them, such great nations. If only they can come together and take down those evil leaders they have then they will see their economy booming. Their leaders are so corrupt, all they are interested in when they are voted is just to be stealing from the country's purse and making themselves and their family rich. They don't build good schools for their people, but they send their children over to EU and US to study in great schools such as Harvard and Yale at the expense of their country, lol  . Since, they value education that much, why don't they build such schools as Harvard in their own countries ? It's so shameful. These people have resources such as crude oil, but they don't build factories to refine them, rather they sell to other countries and buy back at a higher price. To me that's stupidity and the leaders are to be blamed. In this world our leaders are the ones killing us in most cases but we do nothing, sad truth. Government are the major problem of the country, they are the ones that are so foolish and lack the control of their citizens and if you look at country like Nigeria that is blessed with highly intelligent people with the few off them that I have met, and if you study Nigerians very well, you will see that they are the ones actually doing very well more when they reach overseas to study, but their own government would not create enabling environment for them to study well. The only ones that are trying are some of these private owned school, like on covenant school that I know, I think that they are of high standard like Harvard, just that they are quite expensive too which I even heard that their citizens could not afford it, I mean that average people, which is even owned by a church thee. |
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I am a Newbie member, and my knowledge about this is still very low What is the difference between Bitcoin and altcoin in more detail  thanks admin The only difference that I see here is that bitcoin is the main cryptocurrency that was established first, while other altcoins are just to serve as an alternative to bitcoin just like bitcoin is meant to be an alternative to fiat. Altcoins would have actually performed better, because with all sincerity, no matter how great and how much the project of bitcoin is, bitcoin cannot really do it alone, so it needs support of some of these other projects. My issue with those altcoins is that they are getting too much, the problem that bitcoin cannot handle is not that much for all these altcoins to have started offering solutions that they really cannot give, so if you are to consider any project, just consider bitcoin and top 10 altcoins, they are the one I trust to really follow bitcoin anywhere in future. |
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These top countries are stylishly regulating cryptocurrency and I think that the first step they might have in their agenda is to have these exchanges have their presence in their country and also have a platform that is going to be separated for their citizens for them to be able to regulate the projects that are coming on it for the safety and security of their citizens and also for their trades to be taxable.
I will not be surprised that after they establish their exchange in the country, they will limit the use of it to china citizens, but it is still a very good move that Binance is making though to be getting the support from some of these government that has been against them once, and this is a clear sign that china has totally embrace cryptocurrency.
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I don't think they are trying to replace the fiat system, that would not make any sense if they do it. And I thought they were against cryptocurrencies? Maybe they did all that because they know that without banning every other crypto there will be no chance for their state backed crypto to gain people's interest. But, with what they have done they will be able to get people's interest to the new cryptocurrency they have developed.
As for replacing fiat, that's not going to work. Some people make cryptocurrency seem like it's the solution to the economic problems we are having, while that's not the truth. If the world should switch to crypto i don't see any difference between what will happen to it than fiat, it's still going to face the same problems and maybe worse. It's best that we continue to make use of fiat. Everyone still have their own opinion.
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I am not saying that investor does not have the right to their money, but since the project is already giving them update on what they are doing, I think that the best thing would have been for them to be more patient with them, because establishing a project is really not an easy task and you see many of them that has rushed into an exchange, they have rushed out too when they got whales that were already waiting to dump the project on them.
If they enter an exchange now, and a big whale that has bought many of the coin dump the coin, would they not loose, so it is better that the project rather develop to the fullest and make their product known worldwide so that even when they experience dump, the project product would have already be speaking for them.
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To me exchange tokens are more better as it's a native token and team will ensure to make it stand out. All my days in crypto I have lost but to to an exchange toke. Unless it's an exchat that want to fold which is absolutely rare just few encounters that, depsite dip, exchange token must surely come when it's the right time and it's more trusted . Speaking from observation and experience.
Talking of exchange tokens, not all exchanges that have token should be allowed too in the market, because some of those exchange tokens are also very similar to all other ICO projects. If we really want an exchange token, I think that bnb will be one of the right choice of token to go for, because they have really made sure that their project stand out in the market and also make sure that work is really a quality one, so I am not scared about their future, and every product that they have planted down is going to grow very much in the future. One other exchange token that I think is in the making is that of kucoin, this is an opportunity that I quickly grab now so that I will not regret again the way I didn’t invest in bnb when it was around $1 usd. |
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The value of bitcoin today are really plummeting so we expect a huge bump after this and i think thr market will start to rise after the end of this month. And some speculation that the value of bitcoin will jump to $15k. We don't know if that will happen but were hoping.
And taking advantage of thr market today will surely get us a lot of profit by buying in cheap.
indeed many have predicted that BTC will rise to $ 15k supported by technical analysis and existing fundamentals. in 2020 Bitcoin Halving will occur on taggal May 14 2020, this will be good news for bitcoin and will likely increase. Bitcoin halving itself is where the reward block will be reduced by half. This is a more realistic value to me, because when you look at it, you will see that the year is almost coming to an end, and we are yet to see much bull run, but with the bull run that bitcoin has been having like that of April, it could take the value of bitcoin to that $15k in the shortest possible time, unlike all those ones that will predict bitcoin reaching $20k by the end of this year which to me is absolutely ridiculous and baseless. Next year will really have more activities and these activities is what will make the value of bitcoin to really surprise the world at large because the value will increase after the halving of next year, while I also see Ethereum project as another project that will really make the value of Ethereum to also rise too and recover like the way that bitcoin will recover fully next year. |
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how id Investment development now?
Looking at how bitcoin is recovering, I would say that investment in bitcoin is really getting so interesting and people can now see that bitcoin is not a scam as it is really responding to actions of people’s buy and sell order which is what we need to get use to that is creating volatility. The only investment that is yet to recover now, is the ones of altcoins, which are the ones that is really full of scam, but the top ones that are not scam will not be making anything tangible until maybe sometimes next year when the altcoin market is really recovering. If there is extra cash for anyone now, I think this is the time they still need to make more investment in bitcoin because this recovery is really heeding straight to about $15000 within the next few weeks. |
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Regulation will only bring sense of security for the investors and yes it will help the price of bitcoin to grow as many people will rely on it now to invest, and regulation will also give them the assurance that government have supported the cryptocurrency, but to an extent, regulation will defeat the objective of cryptocurrency, as in the true decentralization of bitcoin.
All these issue of anonymity will be erased and I am not sure that people will be able to use it as currency again, because there will not be any difference between it and the normal fiat system that we have been using that is fully decentralized, but since for now, we are just using the cryptocurrency for making money and trading, regulation will be good for us as it will invite more people.
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Concerning anonymous cryptocurrencies, many representatives of government bodies express their opinions and all of them believe that owners of anonymous cryptocurrencies should be deanonymized. Obviously, banks and governments do not like the anonymity of payments, because as a result, it is impossible to monitor the movement of funds and to tax. I don’t know how this whole story will end, but one can say for sure that governments will not be allowed to freely legalize anonymous cryptocurrencies without full or partial de-anonymization.
Government has to always set an example for its citizen, and should be able to have certain control of their operations within the country, which is what will keep most of the citizens under control physically and financially. The concept of cryptocurrency is very perfect, especially that aspect where you can send money anywhere without any interference or third party which is never an issue to the government, but one major issue that makes them always kick against the cryptocurrency is that part of anonymity which they believe that it could make some of these countries citizens who behaves lawless even in a lawful country to get out of hand with their financial deal, and such countries that cannot entrust the system of cryptocurrency on their citizens are the ones having issues with cryptocurrency in their country. |
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There are books on how to build altcoins but I don't see any in-depth guidance on how to build a gambling site.
It seems to be all trial and error.
If you know of any technique or site or forum I would appreciate hearing about it.
Yeah, you can, you can make your own gambling site. Now you see in bitcoin forum a huge gambling sites are working, so you should contact with a senior person who can help you to make it. But main think you need a big capital then everything will be easy for you. Why do you have to stress yourself over what money can solve easily. Building a gambling site requires serious expertise and I see no reason why a gambler would spend so much time learning how to build d it and maybe still end up not getting it right. I have never seen a gambling operator that has built his own site. Do you think they do not have the brain to learn? But rather they would hire an expert to carry out the job. Maybe that the appropriate ways it’s been done. Well I might not be right but before ideally, it’s important to get a mentor, especially an already successful gambling site owner for proper mentorship and training on the necessary things needed to own a gambling site. |
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Sad news for Indian friends who make cryptocurrencies sources of their income. Theres a lot of Indian individuals that are in crypto. I wonder what would be the purpose of their would be Crypto Rupee if they will not eliminate paper Rupee totally. The government must want to clean the country of any other cryptocurrency to circulate before they launch their own.
India is not a very rich country, and a large portion of the population lead a hand-to-mouth existence. For millions of such people, cryptocurrencies are the source of passive income or additional income. You may not believe this, but an amount as small as $30 per month can make a lot of difference to many Indians. It is sad that the government is taking away this opportunity from such people. India is not poo man, far richer than lots off countries,the problem with India is just their population. India GDP is 11 trillion dollars for a population of over a billion, don’t you think they are really trying. If India population was not up to that, then they would have been among world leading nation in terms of economy. I guess they are trying to protect their economy, which is why they banned Bitcoin thinking it could do damage to their finances, but I know that with time, they will get better understanding, and see the benefit of cryptocurrency to their economy and to their citizens too especially in terms of job creation. |
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THE BITCOINS AND THE UNDERDEVELOPED WORLD…THOSE WHO ARE STILL BEHIND
As time passes bitcoins get more and more interest worldwide, weather sooner or later, it will impact the world economy such that people with no knowledge of it will be left behind. Observing this i can’t keep myself from worrying; what about those who cannot have access to the bitcoins and are not even aware of it existence, this seems surprising but there are much more of people in this situation than people may imagine, those who have never even had access to a computer or worse don’t even have electricity, those people may have access to money though not much but if the bitcoins spread worldwide their situation may only worsen, I am talking of course here of the underdeveloped countries.
Are my fears wrong? If so what do you think can be done at our level to change something being it even only slightly?
I think this is a problem for all of us even those who don’t feel really concern…
Development is a process, it is not everyone on earth that will ever be exposed to technology, until some generations gradually goes off the face of the earth, satoshi too does not expect everyone to use cryptocurrency, he created it as an alternative which even has limited supply, which is why Fiat will never go off the face of the earth for the sake of those under developed world. There is nothing much that you and I can do to change this, we will just allow nature to gradually take its course and time passes by. If we are to even try, we have to first eradicated illiteracy completely from the earth, without eradicating illiteracy, there is no way technology can fully take its course for crypto to even spread worldwide. |
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I don't make these mistakes except the third one. The last thing I ever do is buy any coin that I know nothing about. Before I buy a coin I will do my best to study everything about it before I decide its the right time to invest in it. And I am not the type of person that invest in just one coin, I invest in various coins and I also don't trade on one platform or make use of one wallet, I make use of two of the best wallets and I also make use of two of the best exchanges, cause I don't really trust anyone that much, but I make sure that anyone I choose is very secured.
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