It's surprisingly balanced and realistic. See for yourself: https://www.americanexpress.com/us/content/foreign-exchange/articles/bitcoin-a-part-of-the-international-payments-landscape/The Takeaway
Using bitcoin for international payments potentially increases payment speed and security, reduces costs, and helps to protect businesses from currency volatility in some countries. However, limited international acceptance of bitcoin currently makes it difficult for companies to work entirely in bitcoin. Using bitcoin thus exposes companies to FX risk, which can be significant because of bitcoin’s exchange rate volatility, and for which at present there are few hedging tools. However, as cryptocurrencies and blockchain-based payment systems are more widely adopted, bitcoin seems likely to become an important part of an ever-changing global payments landscape.
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Well there is an alternative.
Instead of participating in the ICO and giving some unknown developer all your details, sit on your hands and wait. The coin will eventually get listed on some exchanges, including some decentralised exchanges. It will undergo a pump and then a dump.
If at the dumping stage you still feel the project has potential, that is the time to buy, cheap, and without revealing your personal details.
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It would depend on the country itself, of course, as they deal with the issue differently, but in general:
a) Security movement is tightly regulated, so even peer-to-peer trading may be scrutinized b) Miners may be considered as a "security issuer", so they will need to register themselves, and their sales would have to be tightly regulated c) Selling Bitcoins may require even individuals with small amounts to have permits
Still, I imagine each case will have to be looked at individually, so the smaller players may not be affected at all, not to mention that it's likely impossible to track every single transaction. We'll see, I guess.
I don't think miners will be regarded as a security issue. Remember, they don't send any transactions at all, they just maintain the ledger, they are accountants. With a), there have been a lot of scam ICOs, so there will be regulation which means ICOs will only be done for real projects and c) would come under existing money laundering rules. So large movements will be scrutinised, but small movements not. (Because who on earth launders small amounts like $100?)
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BTC resistance level is at 9.5k . Bulls have to fights with bears to hold resistance level.
if bull wins , we can expect to see 15k level soon , probably in March else Btc again can see 7-8k level.
Bitcoin is below $9,500 at the moment. I voted for the $7000 - $10,000. In order for it to break above that range, there either needs to be some good news, or some world event that makes people switch to bitcoin, or some reason to tempt noobs into crypto. I can't see where any of that will come from, so we are going to trend sideways for a bit.
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Good to see more state giving crytocurrencies consideration, but what I don't understand is what some people are saying. Cryptocurrencies especially Bitcoin is recognized by Government even US government some months ago there were auctions of Bitcoin in Australia and US, so if not recognized then who are they selling it to
It's been recognised as an ASSET. But if you can pay your taxes using bitcoin, then it is a CURRENCY. That is the breakthrough.
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Just crossed my mind today. Will it make sense if someone will create a paper money equivalent of bitcoin? And the coins will be the smallest unit of bitcoin, Satoshi? Like the currency today? I think it is okay if it became a globally accepted currency. And it will serve as a payment for everyday goods. What do you think?
We already have a paper money world! There are 190 different paper currencies to choose from. Satoshi's breakthrough was how to create digital cash that couldn't be doublespent. It need to be on the net because that's the whole point of it.
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As far as I can observe being a teacher, I am definitely happy that my students are involve in cryptocurrencies and they earn for themselves and help their families. But, their school perfomance is getting worse. Please give your thoughts how will you help students to earn and at the same time it won't affect their school works?
What makes you think their school performance is being affected by Crypto rather than the thousand and one other things going on in their lives?
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Remember that there are about 1500 cryptocurencies, and most alts have solved the problems listed in teh article. For example faster confirmations, ability to handle many more transactions per second, privacy and so on.
The crypto revolution is here to stay, it just won't be a bitcoin economy, it will be some other coin that makes it big.
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These are my investments and how much I put in them. Looking to HODL until December 2018 or Jan/Feb 2019. BTC ($500) << $2000 ETH ($500) << $2000 LTC ($500) << $2000 NEO ($500) << $3000 VEN ($500) << $1500 ICX ($500) << $2000 EOS ($500) << $1500 NEB ($500) << $5000 ENG ($500) << $2000 SUB ($200) << $800 WABI ($200) << $600 POE ($200) << $400 LEND ($200) << $200 DRGN ($200) << $800 UTRUST ($200) << $800 THOUGHTS??? That's my rough break down of those coins, some could go the other way, some could do better. If I'm right all up that's $24,600 and a lot will come down to BTC price, I can't see ETH and LTC doing 4x sat value this year. $50,000 is possible but will require a very good year, you've got quite a few high cap coins which have recently been pumped. I would love to say we will do as good as 2017, but as of right now I don't think we will. You are being too generous. Some of those coins will lose value, others will perhaps hold their initial investment value. We're in a bear market, people. Coins behave differently in a bear market than they do in a bull one.
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I'm curious how many people from the whole Georgia own at least small amount of cryptos. The annual volume probably will be about some thousands USD (ofc unless any crypto related business is located there).
The reason these states are doing this is that they want to attract cryptoenthusiasts to them. At the moment there might be only a few people in Georgia who own crypto. But in five years time they might have attracted a nice taxpaying community to their state.
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https://news.bitcoin.com/46-last-years-icos-failed-already/Given enough time, everything withers and dies, from the most robust institutions to the most popular crowdsales. No one expected all of 2017’s ICOs to last the course. The pace at which they’ve withered and died may come as a surprise though. Tokendata, one of the more comprehensive ICO trackers, lists 902 crowdsales which took place last year. Of these, 142 failed at the funding stage and a further 276 have since failed, either due to taking the money and running, or slowly fading into obscurity. This means that 46% of last year’s ICOs have already failed.
The number of ICOs that are still a going concern is actually even lower. An additional 113 ICOs can be classified as “semi-failed”, either because their team has stopped communicating on social media, or because their community is so small as to mean the project has no chance of success. This means that 59% of last year’s crowdsales are either confirmed failures or failures-in-the-making.
Trawling through 900 ICOs in one sitting is a deeply depressing experience, news.Bitcoin.com can report. Abandoned Twitter accounts, empty Telegram groups, websites no longer hosted, and communities no longer tended are par for the course. A digital graveyard, complete with metaphorical tumbleweed, characterizes the crop of 2017 that decided to take the money and run. Many raised zero; some raised a couple of thousand dollars; and a handful raised over $10 million. In each case, the end result was the same though: no MVP, no alpha release, and no contribution to the decentralized web for the betterment of humanity.
Many of the dead ICOs were doomed from the start. It will come as no surprise to learn that projects such as Clitcoin, Neverdie, and Zero Traffic didn’t make it. (Update: Neverdie has since been in touch to claim that reports of its demise are premature.) Some, which fell flat at the fundraising stage, are doing it all over again this year and hoping that 2017’s failure can be written off as a trial run. Freight trucking platform Doft is one such example. Looking at the countries of origin for failed ICOs shows that developing nations – and an entire continent in the case of Africa – are over-represented. Nevertheless, every major country and continent features in the list of shame. How many people on this board have lost money on an ICO?
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Actually it's putting all your eggs into one basket is the one way that you can actually reach your goals in investing. Imagine investing in a winning coin/token but since you've diversified, you've only reached a fraction of supposed earnings.
Diversifiying is for people with low-medium risk appetite, if you've got the guts and knows your decisions well, you might as well risk it all.
What if you haven't chosen the winning token? Imagine investing everything in a token that becomes worthless... Going All-In and imagining that you can pick the winner, is a sign of a gambling mentality.
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Litepay is claiming you can spend your litecoins in dollars via a VISA card. I don't see how this is possible after VISA severed their ties with pre-paid bitcoin cards.
Perhaps the card is mastercard instead - but there is nothing on the website which says it is.
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According to Virginia senator Mark Warner crypto market could hit 20 Trillion in 2020. He spoke at the US Senate and added "if we had the same rate of increase the next two years that we've had the last couple of years,we're talking now a couple hundred billion,we'd be at North of 20 Trillion dollars caught up in this area by 2020." I can't even imagine if it happens. So let's take ours positions The idea that we could have the same rate of increase in the future that we did in the past is idiocy. Nothing goes up in a straight line. I personally think bitcoin is going to go sideways and won't reach December 2017 levels till 2019. There are no new buyers coming forth, and bitcoin is going backwards on merchant adoption.
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So when in the world will we break out of this bear cycle? When do you think it will end?
Maybe not for a while. The 2014-2015 bear market was a slow bleed where the price went from $1000 to $170. It then took the whole of 2016 for it to climb from $170 back to $1000. So it might take three years to get back to $20,000.
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Perhaps on the American exchanges it is pre futures activity?
The most recent batch of futures closed on Friday February 23rd and will be cash settled on Feb 28th. If it is the futures that caused the American spot market action, it should calm down next week.
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http://bitcoinist.com/cryptocurrency-japanese-money-laundering/According to reports, the National Police Agency in Japan suspects 669 cases of cryptocurrency-utilized money laundering between the months of April and December.
The reports come directly from the cryptocurrency exchange operators themselves, which are obligated under Japanese regulatory measures to report suspicious transactions which may signal money laundering. The measure has been established to prevent criminal transactions — one of the biggest fears associated with digital currencies.
It is important to note, however, that the overall number of suspected money-laundering cases in Japan in 2017 currently stands at 400,043 — which means cryptocurrency cases reported during those 9 months only accounts for less than 0.17 percent of all suspected money-laundering cases.
The incredibly small percentage of crypto-utilized money-laundering cases seems to undermine the argument that digital currencies are tools for criminals looking to wash their money, though it could admittedly suggest many criminal cryptocurrency transactions go unnoticed.
What triggers a report from Japanese exchange operators is not currently known, though — according to Reuters — “questionable transactions repeated frequently in a short span of time” are likely what raises red flags.
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The issue is that although the mempool has now cleared, and transactions with fees as low as 5 sats/byte are clearing in a few minutes, nothing has fundamentally changed yet. The mempool could get clogged back up tomorrow, and we could again see fees of over 500 sats/byte still waiting 24+ hours to clear.
Until this fundamental problem is addressed, and we can say that mempool will always be clear, and fees will always be low, bitcoin will never replace the dollar.
Agree. And the other threat is alts moving into the merchant space. For example Litepay launches on Feb 26th, and they're hoping to persuade merchants to enable it and accept litecoin. At some point you'll get merchants accepting alts more than bitcoin - which would be the deathknell of bitcoin once the press found out.
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