Lets get discuss about the differences between the developed nation and the developing nation.
First of all employment is the thing which makes the countries stand out from each other in well developed nation there will be enough employment option will be made by their government according to the population on their country which can increase the better standard of living in that countries but the developing nations are struggling to find the job opportunities for their people.
We only give those countries regarded as developing countries hope by wanting to appreciate their effort in trying to get headway in their endeavors but the fact remains, there are only two categories and that is undeveloped and developed. To really know the difference between the two, just look at every working models in the developed world then think of the opposite that is what you find in the other set of countries and that is why you realize that aside for natural disasters, that one cannot control, every other disaster is present in those countries. That is where you see they are having civil wars, terrorist is occupying some portion of their countries, there is ethnic cleansing, you get to see election malpractices, incompetent leaders, corruption on a large scale, reliance mainly on loans to finance their budget then embezzle, no room for merit, focus on frivolities in place of facts, no service to the nation but pocket service, security is for the highest bidder, absolute reliance on foreign aid to having a good run in the year etc. How on earth can countries battling those challenges can be said to be developing? |
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We all know it sucks right now (really badly) with the market being in it's present condition. Many scammers reaped in their rewards in the bull run and it's created a negative perception in the market where most are just awaiting another bull run so they can sell.
However, a lot of companies in the crypto space are actually creating genuine products/services that have tangible use cases and are solving real world problems, it almost seems unfair that they can't reach token sales because of the current climate of the market.
What advice do you have on how to market effectively to raise money for ICOs given the present market conditions without spending hundreds of thousands of pounds on advertising**? For example: are there are websites that convert particularly well? I know CoinMarketCap gets a lot of traffic, but apparently it's not the best for conversions.
(**I mean aside from the usual: strong team, strong white paper, good website, telegram community etc.)
Its really a bad time to raise funds in the ICO market considering the current status of the market just like you have rightly noted and its not about crypto alone as I could remember during the downturn in the stock market companies stayed away from raising funds as its already projected that it will fail drastically and that comes at an high costs on the part of underwriters just like companies consider alternatives or go extra mile to raise fund in the stock market, so also projects can consider. Like they say, "desperate times demand desperate measures". In all of these uncertainties, project are still getting funded to the maximum but it means more effort needs to be put in to achieve the expected return. Its means as a matter of fact, I need to be double sure that a project is workable for me to get my satoshi. The team must be topnotch no iota of moral latitude must be established no matter how minute and above all deliver on promises made. |
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What I see here is not the case of Bitfinex swallowing $20k. $20k to them would probably be the least of what they would want to soil their name over and since its a reoccurring issue, I guess it's something they would have to fix eventually. By next week its going to be one full month that your fund would be hanging which means you have have exercise enough patience and there is need to start taking some daring actions because I believe to move that amount, you should have satisfied every of their KYC rules.
Go beyond the forum to get their attention. Their own forum, the chat no,, Twitter to call them out, find their ANN thread or someone you know they have connection with to hear your case and I believe they will find a solution to it real quick.
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I know about the lending websites and I knew BTCJam (that has been closed since (I don't remember the reason). I have heard of BTCPOP as the most famous. So I created an account to see. The site is dead or? There is nothing more than 4 loans requests (including 1 in need of 200 BTC for her "adult career" and 1 for someone looking to repay a loan IRL) Do you know any other website? I am trying to expand my "crypto empire"  , I currently have a Horizen node, perhaps it would be less time consuming to make another one It seems suggestions I have read on this lending business about crypto is either dead or engulfed in one controversy or the other and if another one should open up tomorrow, three months is the maximum I would be giving it for it to go the way of others. Aside from the micro lending that happens on the forum which is usually still being faced with all forms of several dramas with people coming up with ingenious way to scam others, I don't see any loan services working out. Without sounding pessimistic, the crypto market is not mature enough for that kind of service and that is because of the location that bitcoin is not dependent on. Even banks with all the information about an individual with worthy collaterals before advancing credit facilities write off huge amount of bad debts every year. |
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"PwC recognizes the obstacles to the technology’s adoption. These include concerns about compliance within companies and organizations, as well as concerns about risk management and corporate controls. While blockchain is often considered tamper-proof, its adoption presents issues similar to that of deploying any information technology
In recognizing such concerns among its own clients who were starting to use blockchain technology, PwC was motivated to develop its new solution. PwC logs transactions on the blockchain and has developed testing criteria and controls. The service will allows user within a company to view, test and monitor transactions on the blockchain in near real time.
One customer is a major stock exchange that needs to verify its blockchain based payment process. Another customer, a digital wallet provider, is using the product to verify its transaction processing. PwC declined to identify these two customers."
Source: https://www.ccn.com/pwc-to-provide-audit-service-for-blockchain-to-stimulate-adoptionSome people might not know about PWC but anybody who have something to do with finance would know that PWC is a big brand that could make something happen. I have been following some of the activities of firms like this for a while and when I see the news I thought to share by itemising what I feel this would mean. 1. For PWC to launch this kind of service, it means they must have identified that there is a market for it already which underscore the importance that blockchain is already being applied in a practical way beyond what we have come to know that its only related to bitcoin and crypto trading. 2. This will further push other Big 4 accounting firms to start laughing their own services. EY I know is already involved in blockchain projects and this is expected to start cascading to other firms in the professional service industry. 3. This is a further testament that this is the real deal and its not going anywhere. The tentacles of PWC in every sector is expected to push this new found service line.
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Hoping I'm not the only one in here feeling this way or I assume S.W.A.T. will be at my door in a few minutes.
I see most of the forum members in here thinking we need the government to step in to regulate crypto. I see others flocking to KYC to make sure they get the latest airdrop all the while losing the precious commodity of privacy. I even see others hoping and praying we get the ETF approval so prices will really skyrocket and we can all get rich. The ETF is going to steal control away form us and give it to the paper pushers. Everything the majority of the forum is doing and hoping for is giving the movement away to the same power structure which is screwing us all over.
We need no regulations. We need no KYC. We need no ETF's. What we need to do is show the world why Bitcoin is better than government FIAT and let Bitcoin take over that way. We have a real shot at gaining freedom of finances however it seems most are tripping over themselves to give all that away to the government as quickly as possible.
Please consider government interference in crypto for the future generations sake. They will not have the amazing earning potential we have. They will just get a shit sandwich of every transaction they make begin on a public ledger. Perfect tax slaves. Are we handing our kids over to the system by allowing the governments to just step in like this?
I agree with some of your arguments as they are very much valid but concluding that there is no for government or some form of regulations would only compound the whole issue simply because there is no way you can control the behaviour of people engages in crypto currency. For the fact that you won't engage in illegal activities does not mean other people will not engage in it which means people needs an authority to protect them. For example if its proven that because of lack of government regulations, terrorists were able to finance their activities and strike, they would attack those who either believes in crypto or not, innocent or guilty and most importantly those who will be in the wrong place at the wrong time which could be anybody. How do you then stop that. While government maximum intervention is discouraged, its sometimes necessary to protect the overall populace. |
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First, this is not my story, this is a story that a couple, their happiness may be shattered when the husband invests in cryptocurrency and now he is in danger of losing all the money he has invested. And this is the whole story told by the husband
"In early 2017, I went out with a bunch of friends and heard about a new investment field, cryptocurrency, and at that moment, the field seemed not to be a trend, so I just laughed and ignored it. However, as you know, the storm came in August and October of 2017, the news and media constantly talk about the strong growth and terrible price of bitcoin and of course, I've heard a lot of people become millionaires in that time. Although I have been very careful and understand that high profits will come with high risk but over time, the curiosity and the constant news attacked me, which made me plunge into investment.
And a series of tragedies began to take place from here, in the first stage, I was still very careful and calculating, not greedy but this job is really too much pressure, the market situation makes me tense and tired. In addition, the news and people constantly gave me confidence and made me hope the price of bitcoin increased to $50k and because of that, I decided not to sell anything and then as everyone knows, the market has begun to decline in 2018. Again, I continue to comfort and encourage myself, everything will be fine, I'm still profitable, bitcoin will increase again, so I searched the bottom of the bitcoin and started throwing money into the altcoin and holding on to the long term.
And life is not a dream, the price of the whole market fell, bitcoin almost touched 6k and the common mentality of everyone, seeking restoration and light of hope. I became a short-term trader but with the horror of the market, my capital began to become smaller and smaller, until one day, I almost lost everything, mental breakdown, depressed mood and depression, a very inhibitory emotion, all created something very chaotic, often arguing with my wife unreasonably."
And here is my comment on this story, never think you can become a millionaire in this market when you are just another prey of the other, whales always create beautiful scenery and pictures of the future, that is not true. Play with passion, instead of playing with greed and everything we have, accumulate more experience and absolutely should not give up the main job.
What is your opinion of this story?
Its wrong to quickly rebuff this as a make up story or some unreal story because sincerely, if we have some people close to us who invested during the all time high of 2017, they would probably be in the same position and if you as an active participant in the market had been the key that brought them into the fold, you would probably had to deal with comments like leading them to the doom. The story actually touched various stages of a typical investor whose total money has been hanged into crypto and cashing out at the time won't be a wise option. Funny enough, this could be the story of some people here as well. However, in the when crisis happen, the best way to go about it is survival as the crisis cannot be stopped, the approach to tackle it can be reviewed which the author in my opinion did wrong and its largely because he didn't have the right understanding of the market before investing. If you know you cannot handle the everyday volatility, just take a break and focus on other things. It would be hard but eventually it will worth it. |
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Every Goverment that Bans Bitcoin/Cryptocurrency in their country always states the primary reason for Ban. That Bitcoin/Cryptocurrency are used for Cybercrime activity such as Terro funding, Money Laundering and etc. Most of these allegation have not been proven. A new report suggest that they have not been used for Terror funding in Europe. The 72-page long study, titled Intenet Organized Threat Assessment 2018, thoroughly touches upon the various modules of online crime. The report states that Terrorist main funding still stems from conventional banking and money remittance services, Source - https://www.ccn.com/bitcoin-hasnt-funded-any-terror-attacks-in-europe-europol-report-reveals/Do you think that Reports like this can pressurize Goverments to remove Ban on Bitcoin/Cryptocurrency? All the countries that have come up with those excuses of banning bitcoin are doing it for two reasons: 1. Economic systems: countries like China comes to mind in this case because that is their modelled economic system where government control of every aspect of their citizens life. 2. Laziness: countries that have not been able to get a breakthrough in up-to-date technology believes that the best way is to go the banning way because they don't want to add the challenges that comes along with crypto industry. I believe that the narratives are currently changing about the use of crypto for terrorist activities and this is made possible with the massive KYCs by reputable organisations operating in the crypto space. Its now on us as participants to continue with the good narratives and focus more on the good ones rather dwelling on things that drag the industry backwards. |
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It took me a lot of time to participate in the bonus campaign, I worked hard, writing day by day, when the project announced the bonus campaign ended, and sadly I knew that they scammed everyone, right? When I was disappointed that I wasted too much time, I lost a lot of money to the bonus campaign, they demanded too much but never paid for me. Everyone who has fallen into the same situation ?
It's unfortunate what you had to face but really there is nothing you can do about it because since its declared scam, it means you have worked for free. Really that bounty sphere of the forum needs to be sanitised but the fault from my end is on you the participants by not ensuring basic things are in place as you get blinded by the returns promised and several others would have been banned for breaking forum rules while trying to meet up with the requirements of the campaign. Something basic as ensuring that whatever the payment you were promised is already secured with escrow. In the past, even funds raised was kept in the hands of escrow to ensure distribution is made to the right party in due time. |
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Hi all, I am looking for some feedback. I am sick of trying to find casino reviews and having to deal with BS websites covered in advertising. I am trying to create a crypto casino / exchange review site thats different!! I do use referral links but am going to keep the site completely advertising free and hope to get a bunch of honest user reviews of some good crypto casinos. Any input would be greatly appreciated! - www.breakthebankcrypto.comCheers Chips Tried visiting your site but not successful. The response I got was "failure to query DNS server" whatever that means. These days its hard to see review sites that are so objective without element of profit motive in the activities of the site administrators and that is why I won't be quick to judge those who have ads on their sites all over the place. At some point, you have to earn revenue from your site because to create content, to maintain security of the site, pay for hosting, compensate those who will give the reviews and advertisement to get traffic would all cost money and except you have excess money some where to pay for these charges, you might want to consider options. Yes, you have considered referrals link on your site but don't forget that at first, people that would come to your site are those who are already patronising their favorite gambling shop and when those links are not turning into money real quick you have to consider alternatives which is where the advert comes in. When you have the traffic, that becomes easy but that does not justify overdoing it like we see on most gambling review sites that defeats the entire purpose of the site. |
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A lot of people are quick to condemn the site but not focusing on some salient issues as follows
1. An individual opened a fresh account to make a complain about a certain site only. If my money is hanging somewhere, I don't think opening an account is the first thing I want to do.
2. Since yesterday he made the post, there have been request that he should post the evidence to support his claim and after a new day, nothing has been heard from him on that.
3. He had the time to search for the thread of the site but didn't think the best way to get response on claims is posting on the ANN thread as that is expected to be monitored by the community rep but he chose to create a new thread for his complaints.
While I am not trying to exonerate the gambling sites, some basic things are not adding up in other to give credibility to this claim of Op.
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In the spirit of sharing, at some point of my gambling escapades I realize I need to tone it down as I discovered that I lose focus in what I was doing. As I mostly involved in sport betting, the 90 minutes of the match is always the longest period I had to wait for and when that happens I am still not at peace until my winnings was updated on my page couple with taking a statistics of my financial status, I realized I was in a negative position and there is a need to take a decision tone it down.
What I did is to move my balance from the gambling site to my own wallet as it being there could test my resolution to ho back on it. It was not easy at first but eventually I got over it and now, no matter the amount of winnings someone beside me is making, I am not moved that I lost out.
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Now I am not an expert in gambling but this day was a really eye opener for me, you can never win in gambling. Imagine when you can't win in lotto , soccer betting or whatever you call it, you don't have a chance in slots.
I guess you are only reacting on your experience on that particular day. Anyone going into gambling should by default be psychological ready for the outcome which obvious you were not ready for. I can relate with your situation based on my own personal experience. There was a day I had to place a game. It was between the almighty Real Madrid and one less known club. The odd for Real Madrid winning was just a bit above 1. I was contended with it because I knew it was a sure win. Unfortunately, I was humbled when a club with above 7 odds won the game. I didn't conclude that people don't win because I had won before and because irrespective of being optimistic about winning, I am still ready for whatever the outcome would be. |
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I must criticise your approach of message delivery which you really need to work on if you will need to communicate with the community and along the line advertise the services you are looking to offer. You made mention of three reasons and on reading through, there is no identifiable point to focus on those reasons.
The major reason I know sport bettors make losses in the long-term is ability not to do proper account of their winnings and losses. They get carried away by the few winnings they get once in a while without considering the amount of losses they have suffered and the odds that comes along with those outcomes. By the time they realize, they would realize that they are worse off than when they started.
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There's a video circulating the net about this two boxers where allegedly the fighters met in Tokyo Japan for a concert and Mayweather started thrash talking Pacquiao and you can hear on the video Mayweather saying he will come out of retirement this coming December 2018 to fight Pacquiao for the 2nd time. Mayweather comes out as an early favorite for this match.
This I see as another way for them to make money. Most of the celebrities can do anything to be relevant to be relevant in the news. I have a strong feeling that the outburst by Mayweather is a staged one that he knows he will be filmed in other to steer discussion in a particular direction which would ultimately lead to what they both wanted and at the end of the day, even if he lose the battle, its still more money in his bank account. For Pacquiao, I think he should not fall for this. You have made your mark in the boxing industry and its time to take the rest without being force to face humiliation at the end of the day. |
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Gone are the days where gambling is only associated with criminal activities and the mentality is what a lot of people have carried from that time past till this moment. This view is actually not limited to any particular region its one of the most universal myopic view. Today, I have seen responsible people engaged in the art of gambling and even me I count myself to be a responsible individual have been engaged in several arts of gambling and this was made possible because of two major things
1. Government regulation which has to large extent has being sanity to the industry which we have seen in several jurisdictions that have allowed gambling in their domain.
2 Technology has done a whole lot in changing that perception as today, gambling does not have to be done in a location. From the comfort of your room, you can gamble with any preferred currency and you get paid in the case of winning to your preferred platform. These developments are changing views gradually and in the future, this would continue to be so.
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I'm researching to see what types of "real-world" crypto transactions you would find most useful? Venmo/Cash App type - Peer2Peer Daily life spending (grocery stores, coffee, etc) Paying bills Etc... I'm asking your thoughts on this  What other real-world transactions that you want that is not there. For one, you can convert to any fiat you want then buy whatever you want. Away from that, a visit to peer to peer sites like Paxful would show enough example of real world transactions. You can buy gift cards, AliPay payments, PayPal, Amazon cards, iTunes vouchers, phone vouchers, book hotels, flights etc you could even buy a car and get it shipped to you. Virtually every real life transactions bitcoin can be applied you might either go direct, or have to go through an intermediary which is also present if you buying from abroad with your own local currency. |
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Seeing the usual conversations in this forum and in others related to the cryptocurrency issue, as well as the groups on Facebook, Telegram and others, it seems that most of those interested in this field have no other interest than making easy and fast profits.
And I think this is something that has negatively impacted the market, because it has driven the high volatility in the prices of cryptocurrencies, regardless of how serious each project is: investors are always willing to sell their tokens at the first opportunity, instead of supporting the cryptos as a technological development with long-term potential.
Do you agree with the speculation without limits?
Speculations has always been part of every endeavours where people buy and sell that provides opportunity to make money. In the stock market, forex market, commodity market, local market etc. the difference is that its more pronounced in crypto market than other forms of market listed there which is due to the growing nature of the market. When its eventually grown, the volatility would be reduced to the minimum. On tokens, there is really nothing to do about that at this time until there is some regulations in that market. Its the fear of future worthlessness that push people to start looking for the first opportunity to sell but with regulations, you are sure that only workable projects makes it to the ICO market and with that, stability would gradually be introduced into the market. |
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"Nouriel Roubini, a Stern School professor and prominent economist, has criticized the major correction of Bitcoin and the rest of the crypto market, claiming that Bitcoin will drop to zero.
Tales From Crypt-Apocalypse: Bitcoin has lost 70% from the peak; Ethereum 85%; other Top 10 crypto-currencies about 90%; the remaining crypto-zombie-currencies between 95% & 99% of their value. It is a bloody massacre that will continue as almost all of them are worth ZERO!
— Nouriel Roubini (@Nouriel) September 6, 2018"
I think it will not work like that.
Unfortunately for him and fortunately for crypto enthusiasts, crypto market price is not determined by opinion by an individual. Come to think of it, since my involvement in crypto I have neither read about him or come across his paper or something that could account for being a reputable individual that could speak and be listen to in crypto. In other words, its just one of the prophets of doom predicting about the moment and I noticed he was being careful about not putting a timeline to it as that would quickly shame his predictions. |
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The People’s Bank of China (PBoC), the country’s central bank, has issued a public notice urging investors of risks in cryptocurrency trading and initial coin offerings (ICOs). The Shanghai branch of the PBoC issued a public notice on Tuesday to “remind” consumers and investors to increase their risk awareness of ICOs – a radical form of fundraising powered by cryptocurrencies, urging investors to avoid speculative trading in cryptocurrencies and steer away from overseas operators issuing ICOs. It’s been a year since the PBoC issued a blanket ban on all ICOs, outlawing it as an illegal practice of fundraising. In its notice today, the central bank heralded the ban as a success, stating:
“[T]he global share of domestic virtual currency transactions has dropped from the initial 90% to less than 5%, effectively avoiding the virtual currency bubble caused by skyrocketing global virtual currency prices in the second half of last year in China’s financial market. The impact has been highly recognized by the community.”... read more: https://www.ccn.com/china-central-bank-warns-of-cryptocurrency-ico-risks/This is the most confusing statement I am seeing in recent time. It shows two things contradictions and over bloating. 1. Contradictions. How cannyoi claim this your policy has recorded high success rate and the same time you are reminding the users not to invest which points to the direction that, compliance is forced as a the reminder is sending a message that "we are still on the lookout for anyone who flout the provisions of the ban that was rolled out last year" nothing else. If it has been successful and the message has been received, there is no point to remind them. 2. Over bloating of success. Concluding that there is a drop from 90% to 5% within one year showed some exaggerated accomplishments and yet you are losing sleep over the remaining 5% that you felt the "reminder" is really necessary for emphasis purpose. |
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