Of course, FUD in different types and magnitudes always get the attention it is looking for. Something as bad as OneCoin can always sell or take some traffic or eyeballs from the audience compared to maybe extolling the virtues and benefits of Bitcoin. Definitely, OneCoin is a bad scam and this is one of the biggest fishes so far. I am not updated so much with what happened to the charges against the people behind this mess but I am sure that soon the reach of the law will be upon them. Back in 2016, i was invited to be a part of this ponzi cryptocurrency but I declined because back then the program was already gathering a lot of bad reviews and warnings from authorities. The key element why OneCoin gathered as many millions at it wanted is, of course, greed! And we are still greedy today hence more ponzi-related programs can be coming our way. |
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Kumpara naman kasi sa dati at ngayon, kakaunti pa lamang ang populasyon ng nga users ng bitcoin kaya marahil ganyan kalaki ang bitcoin na natatanggap at mayroon sila, dagdag pa na mababa pa lamang ang value nito noon hindi tulad ngayon na tumataas at mas lalo na ring nadadagdagan ang ating populasyon. Hindi din naman lahat ng mga naunang maengage sa bitcoin ay nagpatuloy parin. Ang iba ay nahinto at bumalik nalamang ulit.
Maliban dito, nakakatuwa din makita ang kauna-unahang tweet tungkol sa bitcoin kung saan dati ay hindi pa ito gaanong napapansin.
Para sa akin hindi dahil sa kaunti ang populasyon ng userbor investor ng bitcoin noon dahil ang tunay na dahilan kung bakit noon mabilis makaubo ng isang bitcoin o mahigit pa siyempre talaga sa price nito that is simple logic. Magandang makita talaga ang mga ganitong mga post dahil ito yung panahon na wala pa tayong kamalay malay sa bitcoin tapos sila andito na at nakaipon na nang maraming bitcoin at super yaman na sila ngayon swerte talaga nila. Luck was their friend unlike us now who got to work hard to get more Bitcoin into our wallets. Nakakatuwa isipin talaga na may faucet noon na namimigay ng 5 coins isipin mo na lang kung magkano na yan ngayon sa ating local currency. Wala nga namang magkaisip noon na ang Bitcoin ay talagang sisikat sa buong mundo at sa tantiya ko maraming nagka-Bitcoin noon galing sa faucets ang ipinagbili ang kanilang coins nang umusad na ang presyo nito pataas...masaklap din isipin kung may 5 coins ka tapos ipinagbili mo lang sa halagang $10 each. Napakasaya nga naman ang kasaysayan ng Bitcoin...it is very colorful and very mesmerizing story of the rise of the first official cryptocurrency the world has ever seen! |
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Hello everyone...
Seeing as the Blockchain industry and crypto-currency market are still running low on adoption. It prompted me to create this, as an Avenue to share our thoughts about how maximum adoption could be achieved in these industries. What is your take on this? Which better can we drive adoption to the blockchain and crypto-currency industry... Your opinion matters. Hopefully, a lot them will go a long way in boosting the participation in these industry.
Aside from spreading the many good things on Bitcoin and even cryptocurrency in general, we should also focus on the needs and wants of the merchants or the business community so that we can bring more and more enterprises to accept Bitcoin and even encourage them to use Bitcoin in the conduct of their day-to-day business. There are many concerns that businesspeople must voice out so that solutions can be found. Another thing is to get the endorsement from popular personalities like entertainment star, welll-followed politicians and leaders of different countries and also sports stars whop are admired by millions. The more we can get to understand and promote for Bitcoin for free, the more that people will be noticing Bitcoin. We should be asking different big exchanges to also start advertising their business with Bitcoin as the secondary message. I think there are a lot of ways we can do and help to achieve more adoption and sue of Bitcoin even if this whole thing is decentralized and has no definite advertising and PR budget. |
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We already know that data in CMC is not guaranteed to be reliable and maybe because they are just the receiving end of those feed to them from the exchanges and it is not their job to do an investigation before showing those data to the public. If one is a trader then the best thing to do is to go the exchanges and see the real data and use them instead. There are times when discrepancies can happen but 2% difference can be nothing and can easily be rectified by the viewer himself. Me, I am just using CMC as a guide to know if my favorite coins are pumping or dumping and usually prefer to see the exact price in the exchanges where I am doing business. I am also aware that CMC has been accused of manipulations by some and that can be another reason why we should not rely on everything it is dishing out.
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There is no doubt that most of the influence as far as Bitcoin mining is concerned is very much concentrated in China though as of now we have nothing to be afraid of because the government has not intervened and use this reality to inject chaos into the Bitcoin ecosystem and in fact the government has been encouraging the Bitcoin mining industry to leave the country once and for all.
So is there a good solution to the centralization of Bitcoin mining? Can we not go back to the time when CPU mining can be possible and can be participated by as many people as possible and unlike today where power is shared by limited few? I think e already know the answer to this question. In case something sinister will be planned by a rogue regime in China then I think we might have a big problem but solutions can always be found to remedy the possible situation.
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Judging from your published piece, Bitcoin can not yet be considered out of the woods with this pullback and today's little pump can be a preparation for another dip soon. Of course, we are all hoping for another course of action that Bitcoin will be taking but as always we have to get prepared for the "worst" though we know that a dip can always be an opportunity actually to make some money and that is why many traders and investors are maybe just waiting on the sideline looking for the best time to get back on the game. I am personally hoping that within a week or two, Bitcoin can be back and be moving upwards even just a little bit.
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On the 13th of this month, the SEC has to finally decide on what to do with the ETF application of Bitwise Investments but my guess is that it will not be approved for many reasons which the body can expound more. Anyway, though many can be excited with the ETF, my own analysis is that just like the Bakkt it will not have positive impact on Bitcoin and can even drag the price down. We all dream of institutional involvement with Bitcoin but many of the money coming from these investors are so called "hot money" they are not holders actually but also more of speculators for the asset. Per se actually there is nothing wrong with that and when we talk about adoption this should part of the whole pie but with the market size of Bitcoin as it is now I don't think ETF can really be helping a lot. Now, I am not an expert on this matter actually I am just here presenting what I feel so don't get me wrong because definitely if there can be an approved ETF and it is directly pulling Bitcoin up then I would be so happy to be wrong with my humble analysis. |
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Today, I'm closer than I've ever been to my 100th birthday. Doesn't mean it's going to happen any time soon, though.  It's only going to be a " very exciting week" for the people buying the hype. Still not expecting to see an ETF approved for at least another year or two (and would be happy if it took far longer than that). Well, not unless you are already 98 years old and is the oldest breathing member of this forum. The way I am seeing it now, the hypes and exaggerations surrounding ETFs have already died that is why the Bitcoin community has already stopped thinking too much about the possibility and the resulting positive influence of the existence of ETF on the market. This can especially be true with what recently happened with the Bakkt futures. I am predicting that the SEC will be deciding not in favor for now with the creation of the ETF as proposed by Bitwise Investments for many reasons and the number one concern with that decision is that we are still in the same situation as before when we talk about regulations and the establishment of safety nets for the customers of the said platform. Yes, maybe two or three years from now one or two ETF platforms can be doing good business but for now let's just accept that it is nearly impossible to gain its legal and regulatory approval. |
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The much bigger concern is breaking military and commercial encryption that doesn't hash public keys. Bitcoin addresses are naturally quantum resistant because the public keys are hashed several times to create the addresses, and the hashing function is not endangered by quantum computing yet.
While an attacker could use a quantum computer to derive your private key from your public key, your public keys are not revealed until your bitcoins are spent. As long as addresses are not reused, the only time your bitcoins would be vulnerable is the brief window between the time your transaction is broadcast to the network (revealing your public key) and the time it is confirmed by a miner. This is one of the reasons why modern wallets issue change to brand-new bitcoin addresses with new keys.
Once you send bitcoins out of an address, you ought to never put bitcoins back into that address ever again. If you do, then the attacker might already know your private key and could forge a transaction to steal those newly-added bitcoins. Best practice is to use a new randomly-generated address every time you receive bitcoins, and let your wallet application manage all of those addresses for you. In summary, Addresses that have not been previously used in spending transactions, burned bitcoins, and unintentionally lost bitcoins, are not vulnerable to quantum computer attacks.
Lets just pretend that quantum computers are a threat right now and we would currently need to use one time only addresses. I think there will be a lot of people who would get complacent and lazy and not do this. It would probably have to be built into the existing system to only allow single use addresses and a way of doing this automatically in the wallet software. I would think that by the time quantum computers are becoming a threat we would have already figured out most of the concerns right now. Honestly, I got a little concerned with the news from Google that it already achieved the so-called Quantum Supremacy. But then I also thought that I am sure there are ways to protect Bitcoin from this technology so it will not disturb Bitcoin in any way. As someone here stated, if there is a will there is always a way. Sooner or later, wallets will be adopting measures to protect their network and ecosystem from possible incursions and destruction that we presume can come from quantum technology. Actually, quantum computing technology is an exciting development and there are many good uses for that though just like a weapon of war it can also be utilized for something we do not desire in the first place...so it can be a double-edged weapon and the way I see it can have some military and security applications countries may be interested to explore with. |
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Just last month, Wells Fargo & Company made known to the public its plan to launch its own centralized or bank-controlled cryptocurrency (yes, some will argue that this is not cryptocurrency at all) using smart contracts and backed by fiat money, that will cater primarily with its global network transactions. The bank’s international locations would be able to exchange Wells Fargo Digital Cash among their global network enabling the internal book transfers of cross border payments. The bank has already tested the transfers between US and Canadian accounts using the USD. Lisa Frazier, head of Innovation Group at Wells Fargo stated, “We believe that DLT holds the promise for different use cases, and we are energized to take a significant step when it comes to applying the technology to banking in a scalable and material way. This company is following the steps taken by JP Morgan with the introduction of its JPM Coin which was a pioneering move in the banking industry. Now, we might be seeing some big banks or maybe a conglomerate of banks to do the same because they are now recognizing the innovation in making transactions faster and in settling business much safer and just better. I know these coins can not be on the same level as that of Bitcoin or Eth but this development is a confirmation of the paradigm shift in the world of finance and banking which started when the blockchain technology and Bitcoin came into this world. Can we say that this is a good development, nonetheless? |
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Let's hope the value of bitcoin increases without any further dump but deep down the heart we all knows that the only thing which will be constant in crypto world is fluctuations and I think this is the right time for those short term investors to barge in to earn some quick profits rather than waiting for further drop as I feel this is a temporary pump which needs to be utilized before the market goes bearish again. This phase of crypto is really complicated wherein most of us are clueless about the up coming trend which was not the case before two years. Kindly share your valuable thoughts.
I am not good at predicting the price movement of Bitcoin as most likely what I have in mind can be opposite of what will be. However, i do agree that there is a big possibility that as of press time the price of Bitcoin is just a little pump before it unleashed a bigger pullback. Therefore, people who are looking for some quick bucks in trading this can be a good time to enter the Bitcoin scene again and then just get out when the profits are already on the bag. But then again, with Bitcoin, I always love to be wrong so in case the pump can go for days and weeks and then maybe move sideways then I would be happy to be corrected. For the remaining days of 2019, I am not really expecting too many actions as people tend to convert their cryptocurrency holdings into cash as the holidays is coming. Next year, we are all hoping a different mood for the cryptocurrency market. |
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In practice - who knows, it depends on ordinary Japanese taking up the offer to actually use their bitcoin for something. Hopefully the 3% discount will encourage them, though some may decide they'll make more by just hoarding their bitcoin.
I understand that Japanese are good at marketing and I am sure they studied the market well if there is a big probability that this offering can be a big success. The 3% + 3% incentive can be a good start and since many Japanese are thrifty so many customers of these two gas companies can go with cryptocurrency in paying their bills. This is a good model for other payment platform to adopt, by establishing partnerships with product/service providers there is an assurance of a good size of targeted market which can be enticed to join the cryptocurrency bandwagon, hence helping us in the global movement for adoption. One thing for sure, I do greatly admire the many developments on cryptocurrency taking place in Japan. |
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Exchange would not allow IEO if they see big risk on it, as they will loss their business if they found violating a serious law. Overall, this is a small move for the exchanges.
Yes I want to agree to this. The exchanges will do themselves more harm to accept an overtly bad project in the exchange because investors would run away from buying or trading with the exchange because of uncertainty. Thus, IEO is a lesser devil. You can now see at least the listing of the coin and decide what you want to do later. This is a valid point but there are exchangers specially the small ones doesn't care much on what projects would be listed thru IEO. When it comes or trying to compare up the risk we can say that IEO is much better option than ICO when it comes to exchange listing. Business would be mainly affected if they do list out shitty projects but we can't really avoid the fact that even these projects aren't that different on the ones being offered on ICO. Survival on this harsh crypto market is still questionable because it will always matter on its demand and usability. I know of this because last month I studied some IEO projects especially in exchanges which we can't consider to be at least belonging to the top 20 and many of the projects were questionable at least on my own simple standards. Well, this all boils down to business. Those exchanges, I am sure, are charging good amount of money so a project can have the IEO crowdfunding done in the platform. This is the reason why we have to be careful if we are still a big fan of new projects either ICO, STO or IEO...many of them are just old dogs wearing new collars. The reputation of the exchange where IEO is done is very critical here...an exchange should have its own strict guidelines and qualifications before allowing a project to come on board. Right now, in fairness though, I still have to hear a lot of scams and failed projects using the IEO route but let's see next year if this is going to be the same. Maybe a general study or survey of all the projects introduced via the IEO way should be done to see how things are compared to the dreaded ICOs in the past. |
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When Bitcoin reached the record price by 19k dollars on December 2017, some people became a millionaire. Also, there were so many people that bought Bitcoin at a wrong time and lost their money. So, there will always be wins and losses. The important thing is being very careful.
The year 2017 will always be remembered as a great year for Bitcoin as the big bull run manifested right before our eyes catapulted many to great riches or wealth. On the other hand, many Bitcoin investors got burned when they made the mistake of getting into the bandwagon ATH level. However, right now, there is that opportunity that Bitcoin can be coming back big time and this ongoing pullback is just a temporary thing as we are all excitedly waiting the coming 2020 halving and what it can do towards Bitcoin. Just like its well-known volatility, there are many ups and downs in the colorful 10-year history of Bitcoin and for the next 10 years or so we are guaranteed of a roller-coaster ride full of fun, fear, excitement and even desperation. Good to review the many salient developments that affected Bitcoin year in year out. |
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There is no question that even with the ongoing dip (which I am hoping will not lead us to the $6K level), Bitcoin remains to be a great performer if we have to compare it to gold, stocks, forex or commodities. Traders and fund managers are all aware of the great potential of Bitcoin as an asset to produce the profits they are looking for and that is why many of them are also into Bitcoin aside from the traditional assets exposure they are managing. I am sure that a critical number of people are just waiting on the sideline always looking for signs for the rock bottom of this pullback so they can be back on the game again. The Bitcoin community has been hoping for the bull run but I agree that it may not be happening this year and that 2020 as the year of the halving is the right time for the bears to finally be kicked out and for the bulls to take the center stage...or so we hope. In the next two months of 2019, it is possible that Bitcoin can be back at the $9K level and be moving sideways dominantly.
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After seeing a couple of crypto-related ads in a single day in Singapore, something suddenly comes to my mind. What if all of these ads are promoting Bitcoin? People would be seeing Bitcoin logos everyday; in MRT, buses, malls, houses, underpasses, waiting stations, taxis, laundry shops, and practically everywhere. Would this help a lot? And those who are not familiar will get curious and would want to know more about it.
I am glad to see those ads in different locations and countries. Yes, in our modern world, a good idea or a product needs to be advertise heavily so as to get a good recall and the brand can be cemented in the minds of the many that is why companies (especially those dealing with FMCGs) are allocating millions to push their products/services to the masses. We can also do that with Bitcoin but we need sponsors to carry the cost for that. Good thing that there are now some firms engaged in crypto-related business who are also taking the burden of including Bitcoin in their promotions/ads. It would be good if there can be entertainment and sports figures who can endorse Bitcoin to their fans and followers. The next question is what can we ordinary and unknown people do to promote Bitcoin? One idea is to buy a t-shirt with Bitcoin logo printed on it and wear it whenever we are doing some shopping or maybe even doing some jogging in the morning around the neighborhood. We can also use the Bitcoin logo as our profile picture especially if our friends and followers are not yet into Bitcoin. There are many things we can all do to bring more awareness to Bitcoin. |
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I understand that the site owner is just first exploring the waters and there is no clear-cut vision yet of what this platform will eventually go to or concentrate on in producing more content. I am sure that if this project has a definite targeted market and there is that effective marketing strategy then it can up its chance of making it profitable and sustainable at the same time. We are now in a very competitive era of almost anything online and those dealing with cryptocurrency and related markets are not exempted. Aside from maybe investing some dollars in a good domain name, you might also be getting a good theme, improve on graphics make them appealing to the young generation and of course drastically improve the overall content. Good luck and I hope this can be a profitable project for you.
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For sure naman yung mga na banned is either may nalabag sa systema or nageexceed talaga ang posts. Kaya ugaliin din natin at dapat alam natin ang number of posts natin sa isang araw, maging aware din tayo sa timezone. Doble yung paghihigpit nila sa campaign nato kasi hinahalungkat din nila yung posts behavior at history ng mga suspicious accounts gawa ng wala silang control sa nagaaply.
Karamihan sa mga banned ay yung mga matitigas ang ulo na walang iniisip kundi yung rewards na makuha kahit alam naman nilang walang kabuluhan yung mga posts nila at ang iba ay copy pasting pa ang ginagawa. I am now seeing that a paid campaign can bring out the best or the worst in us...and this is quite true with this Yobit-sponsored promotion. Sa ganang akin, I make sure that I am conributing something to the topic at palagi kong tinitingnan kung nasa maayos ba ang pagkagawa ko ng mga posts lalo na ang grammar at spelling kasama na ang pag-iwas sa burst posting na palaging malaking issue sa marami. Doing own own self-checking can be helping a lot in making sure that this campaign can last for months. |
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Hello community, I recently came up with a great idea about developing an innovative blockchain project and I'm looking for a team that may want to get in with me into this awesome and revolutionary project to come out with a full working product. Get in touch with me at telegram : @mercherbtc Thanks,
Creating a good team for a project can be so important towards its success as these people can be the prime and the first supporters of the project which hopefully can also be catching the attention of many other people which can lead to building a solid and active community around it. Transforming an idea (which you describe here as innovative) is not going to be easy but if you are a real success-driven then you already know this. Please take into consideration a suggestion by another response here to establish your initial team from the people you know...or maybe do the necessary initial works first by yourself so that you can easily convince remote-based prospects to come in as part of the team. It would be good that you tell us here where can the funding for the project be coming from. Of course, this is your own project so we are just here sharing some of our thoughts and ideas...at the end of the day it is your own call so good luck to your endeavor, man! |
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Recessions usually end up with fiat losing value and when fiat loses value then bitcoin gains value. Now, there is a chance people sell bitcoin to cover for expenses somewhere else but that doesn't mean it will certainly happen, even if some people sell their coins when fiat loses its value and bitcoin gains value there will be buyers as well who would like to take advantage of the situation.
They will want to get out of the fiat world and get into crypto world to make a profit, we have seen that happen time and time again in many countries so even if it happens on a larger country same thing may happen. It is not a guarantee which direction it will go but there is a big chance investors may want to go to gold/silver route as well as crypto which would make their prices go up.
Yes, during recession the one getting the hard hit is going to be the fiat money borne out of the traditional financial and economic system. In this way, Bitcoin is going to be highlighted as the best alternative to the usual money as it is deflationary and not inflationary. Remember that during recession, there is a possibility of inflation roaring its head especially if there is a problem of supplies of goods against the existing demand though the other thing can also occur. During chaotic situations, there will always be FOMOS and FUDS and I am sure that Bitcoin lovers would be using the opportunity to share positive things in favor of Bitcoin which people can easily pick up. Of course, the pervading doom and gloom sentiment will always be there and Bitcoin can also be affected with this. Now, we are talking here of many possible scenarios that can occur if ever a global recession can hit us but what can happen might be so different from the things we are thinking especially since Bitcoin has not yet been tested under the same economic malady. Let's see. |
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