This stuff is getting serious now , people should be careful and think twice before showing off their wealth in social media . Its easy to find out someones details and target his/her like in this case .
It's stupid that people even feel the need to show off. Seriously, people are careful and very quiet when it comes to their fiat wealth, but they have no problems sharing with the outside world how much they made with crypto in the last years. I don't even talk about my own Bitcoin holdings, and that while I am by far not wealthy. If I speak with people about Bitcoin, I either say I have just experimented with a few hundred bucks, or just say I missed the boat, but that I am interested in the technology behind it. With crypto gaining value, people more than ever become a target, and this once again shows that you should keep your mouth shut, and especially so on internet.... There are also idiots who boast their fiat wealth and likewise fall victim of getting robbed because of this. There's really no need to boast all over social media - there's no benefit in that except for feeding your own ego. Those robbers must have been smart to know of the value of bitcoin and were able to find out the victim's address. This is why we need to be careful and to always keep our private information. Other than that, we should keep our savings and wealth in a safe place. Cryptoholdings should be kept in a secure and safe wallet so that robbers may not gain access to it. His house must have had poor security as well since robbers were able to get in. It's ironic that he is able to spend on luxury items but not for his own security such as security alarms. |
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My greatest lesson is to ignore whatever trading group you're a part of and trust your better judgement. There is an over-emphasis in this market to "not create FUD". Yet right before the crash it was incredibly obvious to me that the market was over-valued. People were putting huge, borrowed sums of money into projects they didn't even read the whitepapers for. Every mom and pop was investing in altcoins that didn't even offer decentralization. In fact most ICOs have nothing to do with decentralization, they just use ETH as a fundraising platform for traditional business models.
The day before the crash I was planning to exit, but like a greedy idiot I thought "just one more double up then I will". Of course it backfired.
Sometimes, it's the greed that gets to us. When we see that the price is rising, we choose not to exit just yet because we believe that it will continue despite seeing all the signs of an impending crash. Instead of getting profits or even just a breakeven of our investment, we lose even more money because of our greed. A great lesson we should all have take away after experiencing a crash is to humble ourselves and learn to let go and exit once we know that an impending crash is about to come. |
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Well that has kind of always been the idea. Regulations are for the protection of both the state and its citizens, not just regulation for the sake of regulating.
The catch here is that regulations could go both ways; overly stringent regulations could turn people off on the idea, while proper regulations could legitimize crypto in a way that citizens know that they're engaging in something real, and not some bubble crap that FUDers love saying.
I personally am for regulations for as long as they don't stifle the growth of the technology, and it erases the uncertainty of the government's future steps at the very least.
Instead of serving as a safeguard for the users, regulations became detrimental to the users instead. It is the government and state's duty to ensure the security of its citizens and this is the purpose for creating regulations. These regulations were made to discourage the potential scammers, instead of scaring away the investors or users. In a way, it should actually encourage the use thereof since these regulations should help prevent scams. |
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They are free to create their own blockchain, some are already starting to add to their system such as Credit Agricole experiencing Ripple solution. Some have a patent running like Chase or JP Morgan; don't remember, with a crypto-based on Ethereum. But they would do it not to lure people because they can't name it Bitcoin or any other name having already be used with an altcoin. They would rather use to save money on costs, operating faster, securely or any other advantages using the cryptography/Blockchain/cryptocurrencies Well if you ask on my government , their answer is no because they forbid bitcoin usage although they still not make any regulation yet.
It means that I can still use bitcoin but with my own risk !
Maybe for other country, bitcoin become a new technology that being wanted so it possible to happen in the future !
A government can ban to use Bitcoin it doesn't mean a bank can't create its own blockchain and use it for its customers Then to avoid this from happening, the government can impose a ban on creating new coins for banks and financial institutions. It's going to be hard for them to create such a thing anyway since they would have to be very reliant on their country's local currency. There may be not so many who would buy such a coin when there is the option to buy a coin that is not 'controlled' by them. With decentralisation in hand, people would choose a coin that would enable them to have full access of. I don't think they would do such a thing, unless they believe it to be profitable. I wouldn't see the point in creating their own coin anyway. |
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It has been one of the condition for purchasing ICO, most of the ICO now are heavy regulated, so it has becone requirements to buy ICO, I dont feel safe to hand over my identity to unknown site, but now most of exchanges now also require kyc documents, so if you still want to stay in crypto world, one day you will also need to hand over your identity
I get that it is a part of KYC policy or requirements however the passport contains information which may be potentially used for scams or identity theft. It's nice that valid identification is not made a requirement to invest in ICOs however there should be safeguards to give some protection for the investors as well. We can't impose this since you have the liberty anyway to back out or choose not to invest in that certain ICO if you are not willing to share your passport information, the risk will be in your own hands anyway. |
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Somehow I known that every years first month bitcoin falling down, and then finished the January months bitcoin go with his own speed. So, first month (January) end, now 2nd month of the year 2018. Now can be rise as like 2017? or few months ago.
How says expert research!?
It will rise up eventually right now it is at 8500 usd mark which is around 20-25% higher than it was Yesterday. 3rd week of this month we can see the price stabilize and then pump before March approaches. I'm optimistic that it will reach 10k usd soon. I do not think we should wait for any huge pump of Bitcoin. It will come to the stabilization stage, and after that it will slowly start to go up and up. It will be a very long process as I suppose. After previous dips we had to wait for the Bitcoin news to get out of the mainstream news channels. I agree that we will get some rise and then stabilization. Remember a lot of people got burned and got out or are waiting to get out when the price is at their buying price. We will see a lot of selling on the way up effectively stabilizing Bitcoin from another mega pump. It's hard to tell whether we will experience a rise even after bitcoin gets out of mainstream media. Although the hype has already started to die down, we are still experiencing a downward trend and this is probably caused by some early investors who exited immediately. I can, however, agree that the price may stabilize after this because the price will be at the current support level of resilient bitcoin holders who still want to hold. It may continue to maintain at that level for quite some time after. |
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"Bitcoin is down, crypto is down, everything is down, this is the end, crypto and bitcoin are dead."
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
I agree with what you've said here. I've read the statement far too many times, and I'm definitely questioning whether or not people were here just for the quick profits or to actually discuss bitcoin, blockchain, and altcoins overall. Of course, I understand that many people saw bitcoin as a way to get rich quickly. However, I just feel that it doesn't make sense that people saw this and instantly jumped into the coin without even learning anything about it. That's pretty much sheer stupidity. Also, people don't even want to take a look at the growth over time. You mentioned it, and it was definitely a huge amount over the past years. While I was surprised by when the drop came, I'm not surprised by how much the drop took out. Those who must have saw how high the price was when it was rising last 2017 got enticed to invest even without knowing exactly what bitcoin was. Apparently, those who are just new and has experienced this rise are now very disappointed because of where the price is right now. They feel like they’ve lost their investment and are now probably exiting already. They just saw this as an investment opportunity and now that its price is dropping, they think that it is already dying. Even though I was also suprised how far the drop is going, looking at the price chart you can still see that bitcoin was very different as compared to before or the past year. |
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It's nothing really new or unexpected. If China is planning to crack down on everything crypto related within its own country, they will obviously also focus on everything outside of China accessible via the internet. China at all cost is looking to prevent outflow of capital, and to achieve that, they'll just overuse the banhammer. It also shouldn't be new or unexpected considering the timing of when all these articles and statements are being released. It's a global attempt to get the price to tank deeper and deeper, and thus far it seems to work. Bitstamp and GDAX both couldn't hold their price above the $6000 level, while BitTether on the other hand managed to hold the $6000 level.
I have to agree. China has been making numerous efforts to get rid of crypto so it's no surprise that a ban like this was announced. China already blocked Google and Facebook, so it goes to show that their government is really selective and controlling. Right after they made a ban on trading platforms, the people of China were still able to go around it and find ways to trade. Since there are VPNs, people can still get a way with it. Also, this quickly followed Facebook's ban on ICO promotions so it seems that China wanted to do the same. |
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I pay enough tax already outside the crypto field, so I am definitely not letting to government eat off any of my crypto holdings. The downside of this is that my freedom to have it converted back to fiat gets drastically limited by doing so. It doesn't mean that I can't have it sent to my bank account, but these bastards register and report everything, which is forming quite an obstacle. Good thing however is that I am not a fiat centric person, which means that I gladly keep holding on to my coins for plenty of more years, just like I have always been doing. Don't get me wrong, I don't mind paying tax, but it has to be reasonable and limited - it's pure theft to require people to have them pay tax endlessly over the same amount of money.
It's a system based on debt that will drain your wealth bit by bit throughout the years till you have nothing left. Seriously, the majority of people only see their wealth shrink and shrink, where they will end up broke at whatever point in time. I am glad that Bitcoin allows me to outrule this poverty stimulating rubbish system.
The problem with the tax system is that it eats up a huge chunk of your earnings. As much as you want to contribute to your own community and be a law-abiding citizen, it's sometimes become detrimental on your side. Convenient for you that you don't need to have fiat, unlike others who rely on their crypto and frequently have to exchange their crypto into fiat. In that case, they would have no choice but go through having to deal with the government's implications or tax regulations made by them. I would have to agree since I normally wouldn't mind having to pay taxes however it's sometimes too much when you have to pay a huge percentage of your earnings. Instead of using that amount for other things or putting it in your savings, you are forced to pay just because you earn - and sometimes it's just too much of a hassle and unfair to the crypto-user. |
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I do have some experience repping projects, helping to run Telegram channels, Slacks, and just generally being active on this forum and a couple others, putting my time in, learning new things, and so on and so forth. If anyone is looking for someone to fill a community manager/admin type position, email support, running a social media account, or anything like that, I'd love to help out!
I suggest that you cite some of the projects you have worked on or create a portfolio to impress those who are looking out for potential community managers or people to work in their projects. Even those that were not crypto-related, because I think does would add up to your experience. It's always a plus to show some past experience.
If anyone is interested, definitely contact me.
I also suggest that you give out an email or other medium where you may be contacted so that interested devs may contact you even when you're not on bitcointalk. Perhaps creating a telegram account where communicating is fast and efficient? Good luck on your endeavors, I hope you reach your goals and get to be a part of your ideal projects! |
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I would like to add:
6. Wage distortion in signature campaigns
Soon, signature campaigns will choose participants with merits and they will have a different/higher pay as compared to those who don't have any merits. Although it's not necessarily a negative effect of the merit system. In fact, the merit system would help improve campaigns because campaign managers will be able to ensure that the participants are really quality posters if they choose the ones with merit.
However it is negative for those who genuinely want to earn and haven't gained any merits yet. They won't be able to earn just as much as those who already do.
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Do any of the billionaires (not only from bitcoin) deserve their wealth for that matter?
Most billionaire has acquired their wealth from hard efforts (unless they're born into it). Stories of the current magnates mostly tell a tale of how a poor individual has struggled and strived to be where they are right now. A bitcoin billionaire or an early bitcoin adopter has somehow, in the past, researched or found out about bitcoin and from then, has decided to invest and hold the coin for a long time. That would, somewhat equate to efforts and make them deserving of the riches they have reaped. It takes effort to hold a coin for so long and continue to believe in it's potential. This is what makes a billionaire deserving of the riches which they enjoy now.
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I'd like to share my experience as well. All of these managers I've worked with came through and payed on time. So far, I've already been under the campaign managers yahoo62278, Edwardard, atriz, julerz12, LoyceV
yahoo62278 - most lenient among the campaign managers, not too picky/strict when it comes to post quality as compared to the other campaign managers, very particular with post bursters and will immediately put you in his blacklist once you do so don't cram and post only on the last 1-2 days of a round. He's also one of the most in demand campaign managers so whenever he opens a campaign, it gets full in almost an instant.
aTriz - high standards when it comes to post quality. He doesn't like posts in mega threads (threads that have numerous pages already or are repetitive).
julerz12 - very organized spreadsheets. Kababayan natin ito kaya work under him when you have the chance.
LoyceV - very particular po siya when it comes to the content of your post. It has to be constructive talaga, otherwise idedeny niya post mo.
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Bitcoin or any other crypto is useless for poor countries for several reasons:
1) there is no infrastructure for that
2) most people don't have computers and stable internet connection to run transactions
3) citizens of such countries may have no idea what crypto is, because they've got bigger problems
1) What do you mean by 'no infrastructure for that'? no infrastructure for what? Admittedly enough, most third world countries lack in infrastructure but this pertains buildings, roads and etc so I don't see how it's related to the use of cryptos in a country. 2) that's true - but there are in fact a large number of people from third world countries who are users of crypto. In fact, a huge percentage of the population in this forum are from third world countries like the Philippines, Indonesia etc. 3) That may be true but that would only pertain to the minority - and mostly uneducated sector of a country. I believe that in a third world country, the population is educated and would somewhat encounter or hear about bitcoin. The financial and business sector of a third world country would surely know about bitcoin or crypto as well. Third world countries are not totally left in the dark because some have even made efforts to make adoptions or some governments have released statements about crypto because there are users present in the country. |
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Wow, thanks for this thread! With the new merit system, it's going to be harder to rank up but at the same time, it's going promote better post quality within the forum. There was said to be a variety of other sMerit sources although it has not been exposed what or who these other sources are. This would be great for those who are still kind of lost and are adjusting to the new merit system.
I suggest that you should also post this on bill gator's thread, as this is worth a merit as well and would help a lot of the users.
Since there's going to be more services out there such as the giveaways and contests which you have indicated, I think it would be better to update this thread every now and then to help out the users.
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Does this only apply to junior members? I'm already a full member but I do hope you take the time to read my past posts.
Taking a shot on this giveaway. Kudos to you, sir!
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Maganda, pero iniisip ko paano kung wala namang magme-merit sayo kahit gaano pa ka "quality" ang posts mo? I know we are encouraged to give merits pero we are not forced to do so, diba? I'm still on my my way of sinking it in.
Thats exactly what i'm thinking too,in this case,it's kinda relying on someones judgement before getting those merits.Most of the users only thinks of themselves and how they would earn and i bet they won't bother giving merits even you have a quality post,not if that individual is an honest and sincere to this forum.(though i already give my merit to someone who have a quality post).The whole idea is good indeed and i respect theymos for it,but i think this wont help to prevent shitposting nor farming but simply slow them for ranking up,that as far as i know there are already farmers that earning cents through signature campaigns at the moment. Another thing is, people who are not that good in english and grammar may have a hard time when they post outside of local. But I'd have to disagree with you with users who just want to earn and won't bother in giving out merits. There are in fact, many users here who genuinely want to learn and interact with fellow crypto or bitcoin users, and don't even have the thought of earning through this forum. There's more to this forum than just signature campaigns. Medyo magrerely nga lang sa judgment ng iba, pero kung nagandahan sila sa post mo o kaya informative ang sinabi mo, magbibigyan ka ng merits. |
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Many users must be crying at the moment, specially those who are into the account farming; I hope this system will be helpful to keep this forum clean. I am not sure, but is there any possibility to abuse this merit system by the merit sources for their personal gain ? I mean, what if someone is ready to sell the merits ? I know, it will never happen but still have some doubts.
It may actually happen, especially for those who are desperate enough or has been innovative enough to find ways of earning money. If people have been selling accounts, then in the future there may be a black market for merit points. |
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If you think that you would be able to execute it better, then I suggest to push with your idea. Someone may have stole it (or possibly thought of the same idea) and the best way to combat that is to make your idea better than the copied one.
Unfortunately, there's no way for you to protect your idea even if it's originally yours. The best way to have some protection is to execute it. That way, you can have some copyright. By turning it into an actual project, then you can have some rights over it and have it protected.
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