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I like these innovations. Blockchain and cryptocurrencies are big inventions that can change the world especially payment systems. It's great that people and researches are trying new ideas to make this big technology better. I appreciate them.
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I agree that bitcoin price will finally rise. But Christmas or any other holiday cannot affect the price.
Why Christmas should help the price to rise?
In the past Christmas the price was falling. Even if the price was rising that time, there is no guarantee the price will rise in the next Christmas. There are many other factors much more effective that can be discussed.
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The banks don't really care about what is happening in the world of cryptocurrency in the current time. Bitcoin transactions can easily be monitored or tracked with ease. There is transparency in the world of crypto this is the main reason why people should join the amazing world of crypto.
I agree that. Banks don't care much about bitcoin. The only reason is they have no control on what is happening. So, they ignore it. And even if some governments and banks try to play a role in cryptocurrencies, they can only create a new centralized one. They won't be able to control bitcoin. |
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Cryptocurrencies must be decentralized. Their supply must be limited and they don't a third party. Otherwise I don't call the currency a cryptocurrency. But It is something governments will likely prefer over real cryptocurrencies like bitcoin. I think it's better than the papers called money. If such a currency is created and replace fiat money, some organization will be needed for controlling the supply, identity of the people and crimes.
So, a real cryptocurrency needs no third party, but this fake cryptocurrency will need it.
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Yes, many people are waiting for bitcoin to be accepted by governments and be used by banks. They want to be able to open wallet in banks. But we don't need it. Not only we don't need it, we want banks to not get involved in cryptocurrencies. Any third party should be out of the market.
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They don't need it. For Facebook and Twitter everything is now going well. Many are using their platform and they are enjoying without problem. So, the difficulties of using blockchain technology don't worth. Also, they want to always able to control the users. They can ban accounts and remove any post they want.
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I don't think this happens. Fiat currencies are controlled by central banks and governments and do not let this to happen. It will happen only if cryptocurrencies completely replace fiat money. The probability of this is very low.
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Not all bounty hunters participate in every bounty on this forum. Some of them are wise and investigate the project before taking part in it. It may sound silly, but there are people that are even not reading the whitepapers.
Yes, the last posts of some members and their reports show that they are participating in many bounties. For sure they are wasting their time. They are not able to find good bounties, instead they participate in a lot of bounties and hope some of them make profit for them. So, they are working for scam projects too. |
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You are right. Surely, bounty participants are aware of this. Because if they participate in a campaign which is scam, they waste their time too. If you check the spreadsheet of the campaigns, you will see, more the project is promising, more bounty hunters are attracted.
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Any payment system have been created until now, have been supported by medias and governments. But bitcoin has been different from them. There had been many efforts to stop bitcoin. But the power of blockchain technology and also the acceptance by community has made stoping bitcoin impossible. Bitcoin is getting stronger day by day
Yes, Bitcoin is here to stay. 10 years is not a short time.
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When some one intends to invest in a cryptocurrency, many factors should be considered. Developers team and the idea of a coin or token can attract me even if the market capitalization is very low.
It's a good opportunity to invest in a coin which has potential, but it is still unknown by people.
Check biggest earners on coinmarketcap. There are many coins that are not listed in top 100.
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Nothing to worry about. Banks cannot have control over bitcoin. We are always free to send bitcoins peer to peer without any 3rd party.
Some banks might interested in bitcoin. The only thing they can do is create a new cryptocurrency. Nothing will happen to bitcoin and other existing cryptocurrencies.
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I can say the influence of the bounty participants on the success of the bounty is 30%, and the rest is the invetsor and the team itself. simple language is that participants promote bounties to attract investors to participate in investing funds for bounty success, of course with projects that have been neatly arranged by their team.
then if the participants are limited, it doesn't have a big influence on the bounty, because one participant can do promotions on various campaigns and that can still help. indeed, when the bounty was finished, most of them carried out large dumps which could have an impact on the sustainability of the coins in the market. also good enough to limit the number of participants to reduce the big dump and that is more effective in my opinion than Kyc.
Limiting the number of participants is not a good idea. In almost all the campaigns, the number of coins or tokens allocated to bounty participants is fixed and it doesn't depend on number of participants. Higher number of participants leads to more marketing and also less income for participants. So, It's better. |
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Who will finally win the Blockchain competition; USA or China?
china and usa not even competion on blockchain, China don't have regulation. people on China are good miner because they have cheap hardware easly got alot of crypto. i thing american are good trader. so what the point about your question? I am sure China won't miss the opportunity of big profits can be made using cryptocurrencies. China always has big role in any market. This will be the same for cryptocurrencies. There are strict rules in China. But they are not out of the market. |
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I don't think people leave their work or any business for bitcoin trading or any other crypto related earning. Most of the people who earn money only with cryptocurrencies, have not another job and are not skilled in other businesses. We can made big profits by cryptocurrencies. But it's risky to just rely on cryptocurrencies.
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Bitcoin as a currency and payment system can be used by all the people. Also, for earning money there are many people form different classes involved in cryptocurrencies. There is no need to be rich.
Some can afford to buy 100 bitcoins and some can afford to buy 0.01. All people can invest and all people can earn money. All people can trade and all can work for cryptocurrencies. I am sure many people here in the forum are in the lower middle class.
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When people talk about the benefits of bitcoin over Fiat money, one of the biggest advantages is that bitcoin is more secure and the bank has not control over your money. Generally, people talk about the lack of 3rd party.
Give some examples of the problems with banks you have faced that there wouldn't be if cryptocurrencies existed that time.
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Based on the satoshi whitepaper that bitcoin has no control of a state or business institutions. It's true that Bitcoin is decentralized but we know that the business world needs control for every transaction of its users and I think if someday in the future there will be institutions that can control the circulation of bitcoin based on blockchain demographics. So the government can control through the KYC system and transactions based on the IP they use.
Governments are not able to control transactions. There are many transactions made daily without any 3rd party. Governments are only trying to know people using some services like exchanges. They are always some ways for the people who don't want their identity to be revealed. |
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Based on the history of the bitcoin wave, indeed what happens is the condition of the increase in bitcoin can be seen from the good news and the condition of the decline of Bitcoin due to bad news. Why did that happen? In my opinion, it can happen because of the legality of bitcoin which has not been widely adopted by the state so that people only see it from the mainstream media. Another influencing factor is that many newcomers do not understand the bitcoin trading strategy, so they have to try and fail.
News can't significantly affect the price of cryptocurrency. Just a few points and for a while. It's significantly influenced by crypto whales who manipulate the market. You are right about the whales. They affect the price. But whales usually manipulate the market when there is an important news. They try to make people think that the price change is due to a certain news. |
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Hardly anyone are making Bitcoin payments without going through some kind of centralized third party, like payment processors and exchanges or wallet providers.
Yes, you are right. People have to reveal their identity especially when they intend to cash out their profit or buy bitcoin with fiat. But that's not the problem of bitcoin. That's the problem of fiat money and strict rules made by governments. I think Satoshi is satisfied now. Many people are using bitcoin and the number of people is increasing. Till now, everything has gone well. |
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