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961  Alternate cryptocurrencies / Altcoin Discussion / Re: How NOT To Get Scammed on: October 31, 2019, 11:40:13 AM
I think we need to add one more thing, which is the unprofessional idea.
For fraud projects, they often offer roadmaps and limited visibility. Their whitepaper only focuses on the price of tokens and big discounts and some limited information about the market. That is also a way to identify fraud.

This was a thing of past as nowadays the scam projects looks so neat with  clear white paper and road map as they just hire people over this forum itself or fiverr to do these tasks. We need to use our experience and idea behind the projects as most of the scam projects comes up with unrealistic ideas and we could do verification of their team member and their previous projects.
962  Bitcoin / Bitcoin Discussion / Re: Bitcoin is difficult to accept in countries on: October 31, 2019, 09:49:33 AM
Until now, Bitcoin is hardly accepted by countries for what it is because it is [1] beyond their comprehension, [2] a threat to their existing fiat system, [3] is neither issued nor directly monitored or supervised by the government, [4] is not owned by a certain person or company which the government could easily communicate, convince, or even threaten when the necessity arises, [5] is somehow anonymous, [6] and so forth. Having mentioned all these reasons, it is really difficult for Bitcoin to be accepted as legal tender in any country.

Yes these points are the main reason why some of the countries does not accept bitcoin and discourage their citizens from using it as we have seen so many instances wherein bitcoin has been used to extort money for unlawful activities which has portrayed bitcoin and it's anonymity in poor light, it's not easy to convince governments that's there were crimes and similar unethical activities even before the existence of bitcoin as they think bitcoin has made it easier for criminals to carry out activities.
963  Economy / Trading Discussion / Re: Why did 95% of traders fail and lose money? on: October 31, 2019, 09:34:21 AM
I know that many traders lose because they do traders every day, but in my opinion, for crypto trading it can't be done every day it must be known in advance, up trend and down trend. when the uptrend market is where the trader enters the market to stay in profit.

Those who do daily trading and lose their money are the one who don't do proper market research and assumes that the market will remain same as they use same tactics everyday.  Even I made similar mistake when I started trading because as a trader we need to understand buy and sell period as everyday cannot be both and there are days wherein we need to wait without any trade.
964  Bitcoin / Bitcoin Discussion / Re: Where do you invest 60 BTC? on: October 31, 2019, 09:23:22 AM
maybe for some people, this will be risky
but what I do if I have 60 Bitcoin is investing 50% in a trusted gambling platform and investing 50% making my own mining
investing in gambling sites like Bustadice, Bitvest or other is quite profitable IMO.

Well I would just cash out and use it in real estate investment but never ever think o mining as I have learnt the lesson hard way by already investing and losing huge chunk in mining as its not profitable in all the countries and requires lot of attention and you end up losing capital and have to pay extra on top of losa when the market is bearish.
965  Bitcoin / Bitcoin Discussion / Re: Who is the single most influential person in Bitcoin? on: October 31, 2019, 09:16:17 AM
Almost everyone agrees that Andreas Antonopoulos is the most influential figure in bitcoin. But I'm an additional person who
making bitcoin increasingly known throughout the world including Vitalik Buterin with his smart mind making breakthroughs
in the world crypto with his creation of ETH which is the strongest altcoins at the moment, John McAfee is also an influential
person with his prediction is quite controversial and lastly Changpeng Zhao founder of Exchanges binance amazed the crypto
world his enthusiasm makes exchanges very popular until now. That's the name of the person who in my opinion is most influential
person in bitcoin.

Yeah, Andreas has come up most. It's funny how few other names get mentioned, after all, and that all of the names (specifically including Andreas) are being debated about. I guess this is a really strong indicator for Bitcoin's decentralized governance, is it?

I don't think any of these names belongs to the list of single most influential person in bitcoin as these people might be just tools as the real person will never reveal his/her identity and always remain anonymous just like Satoshi nakamoto.  Not sure if everyone will agree to my point but from whatever I have learnt in this forum a person who is influential for crypto will always be under radar so they prefer o remain anonymous and use proxies to promote.
966  Alternate cryptocurrencies / Altcoin Discussion / Re: When Inviting Do Away With The Investment Part First on: October 31, 2019, 08:50:26 AM
People are interested in crypto investments initially because there are other people they see success with the investments that are followed, eventually they begin to be curious and begin to ask, how to benefit from crypto investments. Indeed, we should first introduce what cryptocurrency is and what are the advantages and risks that will be experienced when investing. Very volatile prices on crypto are very dangerous for novice investors if they are not ready with market and other knowledge. Need more education so that they really understand to move to the next level.

Yes we need to inform the users about both the advantages and disadvantages as well.  Because most of new user who joined in 2018 had no idea about the risks involved and most of them who invested lost capital amount as well.  We need to educate the users about in and out of crypto domain as those users who lost the money starts the FUD saying bitcointalk is bubble and all wherein they invested without knowing anything about crypto. Whenever I advice people about crypto I clearly about merits and demerits. 
967  Alternate cryptocurrencies / Altcoin Discussion / Re: Promoting ICO scams on: October 31, 2019, 07:42:04 AM
There are many fake projects that find their way to coinmarketcap, just because they are listed on Coinmarketcap doesn't mean they are good projects, i wish coinmarketcap care more about its reputation like binance exchange do but they don't

Mate, they do list advertisement on their site and it's not possible for anyone to check if the project is real or fake nowadays as there are many projects which finds it's way to coinmarketcap but then turns out to be a scam. Those days are gone when it was easy to identify scam as some project starts well and then when they are on a good pace they just dump it. We need to be more cautious and use CMC just to check the price, exchanges and the volume of a particular coin or exchange.
968  Economy / Economics / Africa - Hidden Treasure for the world and bitcoin on: October 31, 2019, 07:18:16 AM
When we hear about Africa most of us assume about the poverty or unemployment but honestly the kind of natural minerals they reserve they could be one of the richest nation but the problem over there is that neither government nor the citizens get benefited by their natural reserves due to warlords occupying it but do you think if government takes stern step and utilize the resource in the appropriate way and accepts bitcoin as a payment mode for exports then Africa can bloom again and this will help bitcoin if those products can be purchased using bitcoin so it will increase the trade which will benefit them in their GDP and will increase the demand for bitcoin thus triggering the price pump.

969  Economy / Trading Discussion / Re: Best trading platform with it's own token ? on: October 31, 2019, 07:07:22 AM
There are too many similar products at the market. I doubt you'll find a good gain unless there's a crazy fomo like late 2017. If I were you, better stick with BNB only. Unless you have a million dollars that you can spend for anything. Another strategy is to buy all of the tokens and put a stop loss around 50% mark, but remember, that will put you in a dangerous situation if things went wrong with BTC.

I'm not an aggressive crypto investor, so I'd instead use DeFi to get more bitcoin.

I appreciate your response and looking at the overall response of other users as well I don't think there is any exchange token to compete with BNB and it will be better sticking to BNB instead of trying out something different and losing money. But I think there might be some exchange which will be similar to BNB in the future but nothing as of now.
970  Other / Beginners & Help / Re: As a beginner, which wallet is best for you? on: October 31, 2019, 06:59:27 AM
Blockchain is enough for me to save Bitcoin, Ethereum and other.
Imtoken to save ERC token from  Airdrop and other Giveaway.

I don’t think blockchain online wallet is good.I saw many people faced problem in blockchain. If you search,you will see thath their history is not good.if you holding big amout of money then you should change your wallet.

I beg to differ, I have used blockchain online wallet as well as coinbase to store Bitcoin and Ethereum but I have not faced any sort of issue till now, I believe it's upto us about how we secure of keys and password because also most of the online wallets have 2FA nowadays to avoid any sort of hacking or unauthorized usage. this is just my experience but as you suggested some user might have faced issue but if we get to know the specific issue then it will be helpful in this case.
971  Bitcoin / Bitcoin Discussion / Re: Happy birthday, Bitcoin! on: October 31, 2019, 06:50:31 AM
Bitcoin, the OG cryptocurrency, turns 11 on 31 October. Over the past decade (and a bit), Bitcoin has inspired the advent of an entirely new industry based on the concept of decentralization. For its most fierce supporters, Bitcoin signals salvation – a way of beating the centralized financial systems and garnering freedom.

A lot has happened over the last 11 years, so let’s break things down year by year and take a look at the rise of this incredible technology.

https://www.youtube.com/watch?v=s4g1XFU8Gto

2008

On 31 October 2008, Satoshi Nakamoto released a whitepaper titled Bitcoin: A Peer-to-Peer Electronic Cash System. The paper detailed modes of using a peer-to-peer network (a blockchain), to form a cryptocurrency that functioned outside of the boundaries of a central bank or authority. The paper was largely in response to the financial crisis that had occurred earlier in the same year, a recession which rocked the global financial markets.

2009

3 January 2009 saw the formation of the Bitcoin blockchain, when Satoshi Nakamoto mined the genesis block of Bitcoin (block 0), which had a reward of 50 BTC. The following text was embedded in the coinbase of this block:

“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”

Many people believe that this text refers to a headline that was published in The Times on 3 January 2009. It’s believed to act both as a timestamp of the genesis date, and a comment on the instability that was caused by fractional-reserve banking and, therefore, the global recession.

SourceForge hosted the first open source Bitcoin client, which was released on 9 January 2009.

On 12 January 2009, Hal Finney (one of Bitcoin’s earliest supporters) received 10 BTC from Satoshi Nakamoto in the world’s first Bitcoin transaction.

2010

A major vulnerability in the protocol of the Bitcoin network was spotted on 6 August 2010. Transactions were not being properly verified before they were included in the blockchain, allowing users to essentially bypass the network’s supply restrictions of 21 million and create an infinite number of Bitcoins. 

This vulnerability came to a head when a hacker generated 184 billion Bitcoins, which they then sent to 2 addresses on the network. This was spotted within a number of hours, and the transaction was erased from the transaction log after the bug was fixed.

2011

The Electronic Frontier Foundation began accepting BTC in January 2011, but shut down the program in June 2011 when concerns around the lack of legal precedent for new currency systems emerged. The EFF resumed accepting Bitcoin in May 2013.

June 2011 also saw whistle-blowing site WikiLeaks begin accepting BTC, as a way for supporters to make anonymous donations.

2012

September 2012 signalled the launch of the Bitcoin Foundation, which was intended to “accelerate the global growth of Bitcoin through standardization, protection, and promotion of the open source protocol”.

In October 2012, it was reported by BitPay that more than 1000 merchants had started accepting Bitcoin as a payment processing service. In November, WordPress joined them.

2013

In April 2013, Mt. Gox and BitInstant reported processing delays due to insufficient capacity. This resulted in the Bitcoin exchange rate dropping from $266 to $76 to $160 in the space of only 6 hours.

In October 2013, roughly 26,000 BTC were seized from the website Silk Road by the FBI during the arrest of its alleged owner, Ross William Ulbricht. 29 October saw two companies, Robocoin and Bitcoiniacs, launch the world’s first Bitcoin ATM in Vancouver, Canada.

2014

Early February saw Mt Gox, one of the largest Bitcoin exchanges at the time, suspend withdrawals citing technical issues. By the end of the month it had filed for bankruptcy protection, during reports that 850,000 BTC had been stolen during a hack of the exchange.

In June 2014, Bitcoin’s hashrate exceeded 100,000 tera hashes per second for the first time.

Microsoft began accepting Bitcoin for Xbox and Windows software purchases in December 2014.

https://www.youtube.com/watch?v=SfiiF1zHWU4

2015

Less than a year after the Mt. Gox fiasco, UK-based exchange Bitstamp declared that they would go offline to investigate a hack which resulted in roughly 19,000 BTC being stolen from their hot wallet. They remained offline for several days, before coming back with increased security measures.

February 2015 saw the number of merchants accepting Bitcoin exceed a whopping 100,000.

2016

In January 2016, Bitcoin’s hash rate exceeded 1,000,000 tera hashes per second. March 2016 saw the Cabinet of Japan recognize digital assets like Bitcoin as having a similar function to fiat currency, and Bidorbuy, South Africa’s largest online marketplace, launched Bitcoin payments for buyers and sellers.

From March 2015 to September 2016, the number of Bitcoin ATMs doubled over the course of only 18 months. The 2016 halvening, saw miner’s reward for validating transactions halve, and heralded the arrival of 2017’s epic and record-breaking bull run.

2017

2017 was quite the year for Bitcoin. It continued gaining legitimacy among lawmakers and financial companies, with Japan and Russia both passing laws that legitimized cryptocurrencies existence in the mainstream. Bitcoin also underwent a hard fork on 1 August, splitting in Bitcoin (BTC), and Bitcoin Cash (BCH).

2017 saw the culmination of a historic Bitcoin bull run, when Bitcoin’s price reached an all time high of $20,089 USD, according to CoinMarketCap. 

2018

On 22 January 2018, South Korea introduced regulations requiring Bitcoin traders to disclose their identities, effectively implementing a ban on anonymous Bitcoin trading. 2018 was a bit of a rough year for Bitcoin , and cryptocurrencies in general, as the market plunged from the great highs of December 2017.


2019

So here we are today: Bitcoin has made a solid recovery from it’s dismal 2018, and many analysts expect a bull run in the near future. Bitcoin has connected people and communities in a way that no technology has before. Bitcoin is the pioneer behind blockchain, that is helping build a more decentralized and fairer future. Ultimately, Bitcoin is a tool for freedom – and it’s not going anywhere. Happy Birthday Bitcoin – you’ve been good to us!

https://www.etoro.com/blog/market-insights/happy-birthday-bitcoin/

Great piece of information and I appreciate your efforts to consolidate these data and yes bitcoin has been a boon to everyone and personally it has changed my life and standard of living with the kind of earning opportunity it has provided and I really would like to thank  bitcoin and this bitcointalk.org forum for being a source of income for many other like me and providing numerous opportunities. I wish all the success ahead I know there will be hurdles and conspiracies like there had been in the past but bitcoin will overcome all those hurdle with much stronger than ever.
972  Alternate cryptocurrencies / Altcoin Discussion / Re: WHEN ALTSEASON? are we waiting for nothing? on: October 31, 2019, 06:39:03 AM
I don’t think that some kind of "altcoin season" awaits us. After the boom of 2017, there is a realization of the situation. And the situation is such that attempts to tokenize everything in success have failed. 99% of the projects were abandoned. In the real world, there is no interest in the services offered, it is quite sufficient that is and successfully works.
So, unfortunately, it seems to me that altcoins will not return Sad

I know it's hard to believe in one more altcoin season after what happened in last year and a half but I feel there will be one more altcoin season but not sure if it will be this year or next or on a later date. This is possible only if the value of bitcoin goes bonkers again. Developers should learn from failed projects in order to avoid same mistake in the new altcoin projects.
973  Economy / Economics / Re: INFLATION IN THE UNDERDEVELOPED COUNTRIES on: October 30, 2019, 09:09:27 PM
What exactly *is* the rate of inflation in 3rd world or developing countries these days?  I know in countries like Venezuela and parts of Africa its too high to even measure, but those are exceptional cases of hyperinflation.  The rest of the world doesn't seem to be experiencing anything even close to that.

Anyway op, inflation affects all countries, all economies, all the time.  Developing countries aren't unique, tho they probably feel the effects more acutely because of higher rates of poverty and unemployment among their citizens.  Last time I checked, inflation in the U.S. was pretty low despite all of that money printing.  Is it really that high in the rest of the world?

Inflation is really high in developing nations and the worst part is that the working class professional has to pay unnecessary taxes just because he is employed as poor just survive with anything and everything, it does not bothers the riches and politicians but middle class people are burden with economical crisis as a result they cut down their spending which comes back hits the business class as well. It's a cycle where no one is spared at the end, the cause of inflation in developing nations are the loans which they take from world bank for development which goes to politicians coffers and in order to repay the government imposes more tax and vendors increase the price further to remain unaffected by the increase in the tax which collectively causes inflation and only government and corrupt people are responsible for it.
974  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Are trading fees too high? Coinbase Generated Nearly $2 Billion in Trading Fees on: October 30, 2019, 08:59:56 PM
Coinbase is a business and they have to profit to continue their expenditures like the salary of their employees and other cost of their operations. I haven't used coinbase for a long time because I don't see it fit with my favor but if the fee is others concern then they should stop using them and try to get into decentralized exchanges which mostly have low volumes. The convenience that this kind of exchange brings to the users is of one concern why many are coming back to them and keep on using them.

Yes people need to think from an organization's point of view as well and I normally uses Coinbase or Binance and trust me they have really good support team which comes at a cost, Initially even I use to feel the same about the trading fees but eventually understood the fact they cannot do charitable services. Sometimes transaction fees are pinch especially when the value of bitcoin is high and if we have to transfer small amount.
975  Economy / Trading Discussion / Best trading platform with it's own token ? on: October 30, 2019, 08:15:48 PM
At present there are numerous trading platform with good volume like Binance, Bitfinex, Kraken, KUcoin, Bittrex, etc and these are well know trading platform as well but can I get your help to identify a new trading platform with it's own token which might become a valuable token in the future just like BNB ? I want to experiment by investing into a exchange token when it's value is less as it might give a good amount profit. I am sure those who invested into BNB at it's early stage got my point.
976  Other / Beginners & Help / Re: Btc mining on: October 30, 2019, 07:56:00 PM
If you want to trading, it will be good if you check in Coinmarketcap.
There are many cryptocurrency exchange that support to trading Bitcoin with diffrence fees.
You can check in here https://coinmarketcap.com/rankings/exchanges/.

It's a nice piece of information for anyone who wants to enter the market but I would rather suggest Binance and Coinbase as these platforms are reputed and everyone is familiar with it, I would suggest to go for Binance as it provides more features and gives better opportunity for traders. Because there are exchanges in CMC which has lower fee but they lack in security and non responsive support team.
977  Alternate cryptocurrencies / Altcoin Discussion / Re: Why are you involved with Crypto? on: October 30, 2019, 07:46:16 PM
Just like others I started for working for a campaign named bitmixer considering this as a part time income for me but when I learnt about the whole technology my opinion started to change gradually as there is much more than money which is a better life as blockchain technology will make our lives easier and I have plans to use blokchain technology and crypto based application for my business as well.
978  Alternate cryptocurrencies / Altcoin Discussion / Re: Why will you invest in something you know nothing about? on: October 30, 2019, 10:01:34 AM
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??
Yes it is true, most people invest without knowing more about the project they are going to participate in and they are just following what others have said without observing themselves or analyzing the project. And maybe the person is just a beginner in cryptocurrency so I think his close friend can provide more knowledge about his friend so they don't get disadvantaged or at least to better understand about cryptocurrency.


Yes this is exactly what happened at the end of 2017 and beginning of 2018 as we saw so many new investors who just invested based on bull run as they had no knowledge about bitcoin and most of them ended up losing their capital when the market turned bearish and cash out at low value which further damaged the market.  It's better to do research and seek help from those who are already into it rather than just blindly investing.
979  Bitcoin / Bitcoin Discussion / Re: Where do you invest 60 BTC? on: October 30, 2019, 09:48:04 AM
Suppose you earned 60BTC by working hard for 5 years and one day you decide now you don't want to work then what would you do with that amount?
How would you invest that amount? What will you do? Hold it dreaming the price will rise? Sell it and invest the fiat? or start a business? or retire? Any ideas?  Tongue

Obviously I would use it in real estate and build a small Township which will give me a stable income and I would probably invest  some of them to establish a restaurant chain as food and shelter is something important for human being and it will fetch you money forever.  There are lot of plan but these two are my goals.
980  Alternate cryptocurrencies / Altcoin Discussion / Re: Where is Facebook coin going on: October 30, 2019, 09:36:40 AM
If the bad news is still there in the crypto world, let alone the big project about the Libra coin has Facebook, the business world is always there is competition. But I remain optimistic Facebook will be a clear project in digital currency.
After what happened, where many large companies left the Libra project, they revoked their support, so I became pessimistic that the Libra project could succeed. We will see in early 2020 whether the Libra project continues or stops halfway.
Well the Facebook could do nothing about it. imagine put yourself in a position against the government it's like they are trying to dig their own grave if they proceed to confront the regulation.
Mark zuckerberg to back off if the government refuses to give permit is definitely the wisest decision he could do. Creating libra will offer an uncertain profit and it will take a lot of hardwork anyways. The backing off done by the major investors also does make sense they won't throw their money for unreasonable causes.

This would be the wise move as nobody wants to stand against their government and even if they go against the government and create libra then there will be a lot of consequences and hurdle on the way from regulators and the reason why government is a opposing this is for the fact this that of Facebook enters crypto domain then other corporates will follow them and people will easily invest in those renowned brand and give preference to them which will definitely affect local fiat.
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