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I have faced such a problem that HitBTC support does not accept my documents. They say they have been altered, although the documents are original. Constantly reply in the letter in one text and do not facilitate assistance. I want everyone to know what SCAM HitBTC!
Thanks for the feedback about HitBTS. From now on, we will know about this company. |
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I probably start with a question, have you noticed the decrease in transaction fee of average bitcoin transaction of today? In the past 2017, the demand for bitcoin is nearly the same for today. And according to this resource, the bitcoin's average fees today is $0.50 dollars in comparison to $20 dollars wayback 2017. Moreover, the reason behind this decrease and improvement we have is the SegWit and payment Batching. Before, it seems that SegWit isn't providing the best solution to solve the problem of huge transaction fees. But for today, we can see its effect since the transactions of this time is somehow the same with 2017. In relation to the news concerning bitcoin-related searches, the demand for bitcoin seems to increase significantly over time. I just not sure if SegWit could handle an all time high and huge amount of transaction since we are near to a serious event of bitcoin halving. There's no doubt that most of the cryptocurrency enthusiast are now suggesting a transaction using SegWit wallet address and since we now have the information regarding its effect on the bitcoin's transaction fees. I don't think we still have a reason to stay with the traditional bitcoin address. SegWit really changed Bitcoin for the better. Compared to 2017, Bitcoin has become incredibly profitable in terms of fee |
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The chance is very low to happen a significant inflation unless world war III or worldwide epidemic disease occur. Let's assume any of this happened. Will people likely to switch their fiat currency into bitcoin?
If that's what happened and people attempt to switch their fiat into bitcoin, there will be a chance of fiat currency become nothing of value.
PS- I don't want world war or epidemic disease at all. i am just thinking at what point bitcoin will take over the fiat currency system.
Bitcoin could be one of the tools that will replace fiat during global inflation. However, I am inclined to believe that physical consumables like food, water, oil, gold, weapons, medicines, and so on will have the value if we are talking about world war 3 or another world cataclysm |
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People lack awareness in investing and trading. This thread is another proof of my words. I believe that it is necessary to launch educational projects to educate people about trading and investing and protect them from such scammers. Such knowledge will help in order to minimize fraud
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People do not act like that. There are two ways - to invest too little or huge amounts at once, no one invests gradually. But your opinion has a great sense, investing of only $1 per day you will have good capital after 5 years |
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I know this is not exactly in relation to Bitcoin. I may be in the wrong forum.
Considering with all the failures of the money systems in the past. That only benefit the government and wealthy.
I know there were systems that did benefit the people. At least were more systems that offered a fairer playing field. I know those systems did get shot down by the "powers that be"
What systems, would you all know of, that did work or could have worked better in the past? More less the non digital era of anything more less?
The closest that worked were precious metal based coins. Not bank notes with the promise of the precious metals, but when the coins were actually made from the very precious metals. In other words, things like gold and silver. Because no matter what is engraved in them, you could always melt them. But the physical realm is not immune to scam. Suppose you have 100 gram coins, someone could start "chipping" them so they each lose 1 gr, after chipping 100 coins you get 1 "free" coin right? actually you just stole that from others. Sometimes they add back the lost gram but using a cheaper metal, and sometimes the practice was done by the State. Indeed in the Roman empire it was done that way This cannot be done in the digital world, not with something as secure as bitcoin, where every little satoshi is accounted for. With physical coins you would have to carefully check each coin, this is unscalable and unpractical. If if you get a "certificate", you its different than trusting a bank "to keep it stored...". You trust whoever certified it, and besides the physical good could always be tampered with after certification. Therefore Bitcoin is more secure than gold. But in the event that you have an artificially honest society that would absolutely never tamper with your gold coins, then yes. Gold production is not controlled by the government and is worldwide recognized (by weight). Your country might collapse and the gold keeps its purchasing power, unlike fiat. But its physical, it can be found, seized, tampered... keeping it protected costs money, and its heavy too! As for successful monetary systems, the key difference is removing the government from the equation. You could look at countries that use another country money without their permission (such as many countries using the USD). In those they moved their local control to foreign control, but the risk is too high, should the USD collapse they would collapse too. But until that happens, they in their territory can experience handling a money their own local politicians can't manipulate. If their budget doesn't fit, they cannot print more to cover it, they have to reduce expenses etc (transparency). Pegging doesn't work because its a promise they almost always break, because they can. That is the point, CAN or CANNOT do. CAN your gov. make you poor overnight or not? Pegging is just nothing. I agree that such a system will never work because of governments that can change the rules of the game in one night and make people owners bankrupt |
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if only people knew that buying BTC on mondays makes it more profitable than buying on any other day, i could have done it since day 1.
i took a peak to the article and was surprise the pattern they show starts way back from 2013. I think this started when some forex brokers added BTC on their platform, FOREX market sessions starts on monday and end in friday which i guess most crypto traders learned from forex.
Maybe this chart is relevant only for FOREX? I don’t think that this is a sustainable trend since if everyone knew that they should buy Bitcoin only on Monday to 100% earn a lot of money on short term investments, the market would be already broken |
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Bitcoin price is determined by the few whales who happened to hold since the early days. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$.
Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price.
What I mean by whale? The person who have more than million Bitcoin.
Bitcoin technology is great but Market is compeletly different story.
It is a known fact that there are large players with a dominant number of coins. However, so far I have not seen any manipulations that would destroy the crypto market. It is still alive so dont worry |
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I want to big invest in bitcoin. But I want to know your opinion. Is my invest will profitable at this time?
Short term investment or long term investment will best for me?
I saw bitcoin market price is some cheap at this time. So I can decide to bitcoin invest?
Investing in Bitcoin now after a certain recession, you should in any case make a profit, because experience shows that Bitcoin grows after the winter. So its simple, think logically if investing in Bitcoin now you will make a profit already in the spring |
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Education is really the key for them to be able to accept what is the benefits of making cryptocurrency run world wide. Some of the government has a bad views on the crypto because they are lack of knowledge of what it can do and how can it change the economy of the world. In this generation, we really need to adopt on whats on trend like crypto.
It says that it could be an alternative way of payment. I don't think that wolrd could be run in Cryptocurrencies. Fiat still the best currency to run all of the countries needs since not all are technically inclined people and not all people have internet access. Acceptance will be possible if the people will be well-informed in Cryptocurrency. ust few % of people have problems like lack of internet or learning opportunities. For some reason, Instagram, FB, tweeter tik-tok, etc current attract millions of users and everyone is able to figure out how it works. I think to understand how crypto works is not a problem, a problem is that crypto still not presented to people as simply and interestingly as social networks and other nonsense |
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It could be that this is only rumors/bad news that was created by several communities that are in contradiction with cryptocurrency I guess. because I see up to now, the content creators about crypto have no problems there is even a crypto influencer who does live streaming on youtube between Developer, expert analysis to discussing the development of cryptocurrency and Bitcoin price.
Nah if there's a blatant report of videos that sharing some phishing links or scam projects then most users will report it to them. It is the right of YouTube to handle those scammers sharing their scam links. One thing that I don't know yet is if YouTube might have deleted some legitimate crypto videos or vloggers videos. Then I think YouTube decided to remove any crypto related on their platform then. Perhaps YouTube does not separate crypto scammers from the creators of legal crypto content. It’s easier to remove everything than doing research and cleaning (although it’s a shame for such a large platform) |
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YouTube is loosing quickly !!!
Have you seen what goes on with the Crypto Youtube channels?
They getting blocked and deleted by YouTube in masses....
THIS IS THE MOMENT FOR AMP SYNEREO HYPERSPACE !!!
....we should take that chance to decentralize that space for us!
YouTube will not disappear. Just some content will be banned, I made this conclusion after a series of crypto content bans. It is very sad to see that |
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I'm sorry but why you need to be scared? I'm sure that you already learned a lot from watching youtube videos so it's about time that you practice it yourself. As far as the bans, I don't think that youtube wanted it to be permanent. Perhaps they just wanted to get rid of the bad eggs here and free their system with a lot of scammers. Nothing to be afraid of.
If YouTube will prohibit a crypto content, this will greatly slow down the popularization of crypto and create the opinion that crypto is bad because YouTube does not approve of this. Do you think this will not hurt? I am sure that we should afraid of the ban of the largest media platform |
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The crisis in Venezuela has been going on for a long time. Unfortunately, Petro could not change anything in the country. People want stable money, and Bitcoin seems to be a good fit. However, this is only a temporary solution, because the government is obliged to do something. Perhaps the adoption of Bitcoin as an alternative currency may help, but Venezuela is unlikely to take such measures.
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Pretty good question. The price of gold at this time is quite high, but gold will not lose value like bitcoin. If it was me, I would still choose to invest in bitcoin to make a profit. If gold for long-term investment should not be
I agree with you. In my opinion, gold is a great asset to preserve value. Bitcoin is an asset for active trading, long-term investment allows you to get a cool profit from this asset. |
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Hi, all!
I just wanted to ask what you think we as a community achieved in 2019.
For me every year and every day has been amazing and awesome!!
Although, there are many issues with Bitcoin but considering what it was in 2016 what it is now? Bitcoin is known! Why?
If I only think about the Fiat value of Bitcoin now and what it was 4 years back there is a huge upward swing.
If I think about its adoption then and now there are so many websites accepting Bitcoin.
If I think about Is Bitcoin a Ponzi Scheme there are so many articles arguing Bitcoin legitimacy to those MLM schemes.
If I think about how difficult was to understand this concept, there are amazing articles on the Internet to help you.
I know there are so many reasons but, I cannot recall all of those.
Write it down below if I have missed something.
The increasing of value, how much acceptance has grown and the coin has risen in price because of trust in it. This is very important, because it is trust that is the most valuable what Bitcoin has |
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I do not think that something can be expected from other exchanges after one exchange has reduced a fee. This is absolutely unprofitable because this is the main earnings of the exchanges is a fee, a decrease of a fee to zero will greatly reduce income |
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Just because Italy is now anti-cash doesn't mean they are pro-Bitcoin.
Just because China accelerates blockhain development doesn't mean they are pro-Bitcoin.
Things aren't that simple, but I agree that this is one step closer to Bitcoin to get adopted there.
I also think so that if Italy is anti-cash now, this does not mean that Italy wants to accept cryptocurrency. Online payments are made using banks, but crypto is different. |
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It's pretty complicated. You need to look at their track record, maybe who is behind the company, look at reviews on the internet and if they are or aren't regulated by some entity. If you're looking at casinos you might want to check if they have a license, but in the crypto space I haven't seen many casinos with one.
Casinos are hard to verify for authenticity. Most likely, for this type of service you need to check how long the site is working, who is the owner, watch reviews, to check is it a global one (how many users and which partners it has) I also did not see a license of crypto casinos, I don’t even know where It could be registered |
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This type of fraud exploits user carelessness. Each time I double-check the addresses several times, because it is very scary to be deceived when you do not suspect it. Thank you for reminding us of this! |
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