Like the entire cryptocurrency, ICO projects are now going through a difficult time. However, some of them manage to get good results in these conditions. Therefore, as soon as the overall situation on the cryptocurrency market improves, the situation with the activities of ICO will also improve. However, for this, it is still necessary to resolve the issue of fraud in this type of activity and, apparently, this problem can be solved only by government regulation. And this process is not so quick.
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With all the buzz lately of governments cracking down on cryptocurrencies, there has been fear among people with regards to Bitcoin and altcoins. This is one of the many reasons why 2018 experienced a sharp decline in the value of the whole crypto market, leaving many wonder the outcome of a complete government crackdown towards Bitcoin and other cryptos in the future. As such, what do you think will happen with Bitcoin if all the governments of the world ban it? Will it collapse after the massive crackdown on every single cryptocurrency? Or will it survive? AFAIK, Bitcoin is largely dependent on nodes distributed geographically. The Internet is controlled by ISPs which are subject to government demands. If a global government crackdown happens, then the growth of Bitcoin and other cryptos might stale for sure. Nonetheless, what are your thoughts about this? There is no reason for panic. Most large and influential states accept and legalize cryptocurrency. While not quite clear position on this issue in China. There, as always, they are looking for their own way to mastering cryptocurrency. I think that we have already passed the point of no return on this matter. The main thing is that people appreciated the advantages of cryptocurrency and, given this, governments will not be able to completely ban the circulation of cryptocurrency.
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We will need to pay taxes on our profit in cryptocurrency. It is necessary to proceed from the fact that states will be able to determine the total amount of tax payments that must be paid by the population. If taxes are not received, government agencies will be very happy to limit circulation or even prohibit cryptocurrency. I think that we do not need it. The state should make sure that the circulation of cryptocurrency is beneficial for him, only in this case it will, if not support cryptocurrency, then at least allow it to circulate on its territory.
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At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?
In principle, the high price volatility of Bitcoin and using it as a means of payment are not very compatible. This is one of the reasons because of which Bitcoin and another decentralized cryptocurrency are not so quickly legalized by the states. Given the conservatism in the development of Bitcoin, its primarily low scalability, most likely it will be used mainly for very large transactions, which contributes to its very high price.
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if you had googled the name "cryptoesto" before you listened to that "friend" of yours then you would have seen that out of the first 10 search results 9 of them are talking about how this website is a scam the remaining one is the link to the website itself!
I am honestly surprised how you trusted a random shady website suggested by an unknown person (who according to google results have been advertising it on Telegram and social media like that) with 10 bitcoin!
With what I see so far the OP is a newbie and he's yet to understand some basic concept about crypto currency but I wonder how close that friend is to him and I wonder he dont come here for questions before following his friend advice. With that been said, we all know that keeping a huge amount of coins on exchange is not advisable not mentioned an exchange which is already label for scam. I also do not understand why it was necessary to immediately transfer as many as ten Bitcoins to an unfamiliar stock exchange? There must be the instinct of self-preservation, the usual expediency and logic in action. Because of this, I am increasingly convinced that the cryptocurrency will not be available to all people, except at a very primitive user level. Cryptocurrency is developing, becoming affordable, however, scammers do not sit still, and their methods of deceiving people are becoming more sophisticated. To protect yourself in working with cryptocurrency, you need a lot of knowledge that ordinary users are unlikely to have.
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Bitcoin loans or simply called bitcoin lending are now become popular simply because of many people who want to have that. In this forum you can see a lending thread where you can borrow some bitcoin but it need collateral for assurance that you will pay. I generally avoid any loans and try to do without them, because I consider them a debt pit, from which it is very difficult to get out later. Only a profitable and sustainable business justifies the receipt of loans. Credits in cryptocurrency are doubly risky.
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There are several reasons why sellers of goods do not want to accept bitcoins, and buyers do not want to pay for them. Sellers of goods are always subject to the payment of taxes from their commercial activities. They must report their profits to the tax authorities. If Bitcoin and other cryptocurrency are not legalized by the state, and most importantly, there are no corresponding instructions for both tax authorities and entrepreneurs on the use of accounting services, then sellers of goods may have problems with tax authorities. On the other hand, buyers do not want to pay with Bitcoin, considering that over time the price of Bitcoin will soar very high and prefer to keep Bitcoins as a method of rapid enrichment.
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Even with the massive use of cryptocurrency in all countries, its high price volatility will never decrease. As long as the price of cryptocurrency will be based on the relationship between supply and demand, high price volatility of cryptocurrency will always remain. That is, a decentralized cryptocurrency is doomed to always have high price volatility.
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I can see that soon almost exchanges and even ICO programs will be requiring us to do the KYC procedures where we are required to pass copies of our legal documents before we are granted entrance or the use of the services or programs we are interested with. This can be as common as having a password or 2FA.
Now, personally I have no big problem with it though just like anybody else am also concerned that my personal information can be divulged to anybody or a group that might use it for any illegal purpose. This is one risk we are facing once we are actively living in the online world. Evil people who can be thousands of miles away can now be just one click away.
What are your apprehensions about the KYC procedures that will soon be as popular as noodles?
KYC checks in cryptocurrency will never be popular. This is happening now, in the period of the “wild”, unregulated ICO. Now the ICO teams are heavily abusing their position and require our confidential data from investors and bounty hunters that they are not entitled to demand from us. With regard to bounty hunters in general, any KYC check is not legal. KYC verification has the task of preventing dirty money laundering and combating the financing of terrorism. We are not investors in ICO projects and therefore should not pass such a test. KYC testing should be carried out only for the purpose for which it is intended. Otherwise it is a violation of our rights to confidential information.
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No doubt about the future of fiat money: it's gonna be replaced by cryptocurrencies. But does virtual money need a REGULATOR?
No, the cryptocurrency is simply not capable of replacing the national money of the states. Individual citizens can completely switch to the use of cryptocurrency, if they have it, of course. However, no state will ever give up their national money in favor of a decentralized cryptocurrency. This will quickly lead to the unbalancing of the economy of any strong state, since the decentralized cryptocurrency actually has no relationship with the economy of any state. When there will be a single world government on Earth, only then fiat can be replaced with a cryptocurrency, and that, subject to the availability of a certain level of technical progress and a high level of incomes of citizens.
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For any good new coins in the cryptocurrency market there will be enough space and no one will destroy anyone. A coin can leave the market only when a certain time does not bargain. This ethereum is not threatened yet. Moreover, in ethereum, significant improvements are expected not only on February 27, but also at the end of the year or at the beginning of the next. Therefore, I think that ethereum will always be in demand in the foreseeable future.
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Ive never bought any coins before and am considering opening an account while the coins are low
How would you invest $1000 - 2000
Thanks
I think that if a newcomer to cryptocurrency invests in the top ten coins listed in the CoinMarketCap table, he will never be mistaken. And above all, you need to start with a certain number of bitcoins and ethereum. These coins will always be in demand. Investing in tokens is always associated with a certain increased risk, for this you need to know the market and have information about the project itself, on the basis of which the token was issued.
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Hallo everyone,
Now a days I am seeing many projects are running their bounty program not with stakes based but with fixed tokens allocation for each campaign per week. I see, from bounty Hunter's perspective not good reward system as we receive less tokens. Even though the number of participants are less, there is no chance to get higher rewards, which is possible with stakes based allocation. What are your views on this? Thanks.
I do not think that with a fixed distribution of tokens per week to bounty hunters, they therefore receive fewer tokens. Here, many people write that bounty hunters use multiple accounts, and therefore you need to use the KYC check to filter them. This payment system makes it so that regardless of the number of accounts with other people, everyone will receive a guaranteed number of tokens per week. In fact, also with this form of payment, bounty hunters do not receive generally less tokens than they would receive if they were paid by rates. Firstly, payment by tokens is also calculated by the ICO team to pay a few percent of tokens from the total pool, as well as when paying by bids. Secondly, if a smaller number of participants joins the ICO bounty campaign, as a rule, the ICO team vseravno reduces the payment of tokens by reducing the total number of tokens to be paid in this case. To this end, the ICO team provides almost everywhere the possibility of reducing the number of tokens paid out in case there are very few campaign participants who have joined. Therefore, I still prefer to pay a fixed number of tokens per week, so we definitely will always be confident in the payment of a certain number of tokens. Of course, if the team at the same time collects the required amount.
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I think that is one of the ways to actively involve you in their project. If they pay you in cash then you have nothing to lose if the project does not become successful. But for us to responsible and put in much effort for a successful project that is why we are most at times rewarded with tokens.
Yes, it's true. If we are paid with tokens, we can get them only when the ICO team collects at least softcap. Therefore, the ICO team, in principle, does not risk anything if it promises to pay the bounty hunters with their tokens. Payment to bounty hunters in ordinary currency is not real. This is not beneficial for ICO teams and technically not feasible.
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I think it's irrelevant which coin is number 2 in cap. ETH and XRP are both very solid coins and can expect to be the top two alts for some time to come. The important thing for me is if one of them ever overtakes BTC as number one in cap. For a lot of people, BTC=crypto... and if this changes it will mark a real milestone in crypto development.
Now, of course, it does not matter much, since the difference in the level of capitalization between ethereum and ripple was and remains insignificant. It will be interesting to look at their capitalization after the implementation of the expected improvements in ethereum. Then, I think, ethereum should be a long time away from ripple. As for the bitcoin capitalization, nobody can catch up with bitcoin in terms of capitalization. But to bypass the level of bitcoin capitalization is possible only if the bitcoin itself falls on the level of capitalization to the level of other coins.
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I don't think 2020 is a good year for crypto, but in 2021, if it is noticed a few years ago when halving happened. bitcoin can't fly right away, bitcoin needs pump time. and continue to be on a positive trend until 2017. so if in 2020 bitcoin halving returns, then in 2021 it will be the best moment for the crypto market before bitcoin reaches total supply.
It’s still very early to judge what cryptocurrency will be in 2020. Even this year, much for cryptocurrency should change and a lot will happen. This year is likely to be decisive for the projects of ICO. Either they will get rid of so many frauds among the projects, or their popularity will finally fall. There are also a lot of unsolved problems in Bitcoin. Will he be able to solve them and the quality of development of the whole cryptocurrency will depend on it.
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damnit i wanted to sell my vibe tokens, but to afraid to log in... How can i know if its safe. Can a page be exactly the same as a phising site? I bookmarked it half a year ago. Can a bookmarked site allways be trusted or what? If the MyEtherWallet wallet is in your bookmarks, it should always be normal for use. However, it is better to know exactly how the link is spelled correctly and constantly verify it, as well as the wallet design. This wallet is, in principle, quite safe. Sometimes it is recommended not to enter a period of short hacker attacks, and most likely because of the adoption of additional security measures.
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In my opinion, the main lesson of this bear market is the proof that simply holding our coins and tokens for a long time is not always the most optimal for obtaining a good profit. We have to understand that cryptocurrency prices cannot rise for a long time, there should always be a fall behind a large increase. Accordingly, the big ups and downs need to be on time and properly used.
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During this time I always use MyEtherWallet as my wallet. And blockchain.ifo as my BTC wallet. And so far both are safe from the hands that are not responsible. And maybe I need hardware wallet for the future and for the best security.
Of course, this review of wallets is very good. We already have a lot of purses, but I would like to have one wallet for all cryptocurrencies, as well as to allow it to convert some coins and tokens to others. Wallets, as well as the whole cryptocurrency, are being improved and do it pretty quickly. Now there are many good wallets, but there are no perfect ones yet. They are waiting for us to come.
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Self-study of the coins is the key to success. if everyone will studies the projects correctly then we will not see so many cheated people
If people start learning cryptocurrency on their own, they will make many mistakes. It will be very good if they have good friends at the same time, who will suggest practical solutions to cryptocurrency issues. Cryptocurrency is in many ways a new phenomenon and therefore it is almost impossible to study it yourself.
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