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1321  Alternate cryptocurrencies / Altcoin Discussion / Re: Is there any particular time to invest in crypto coins? on: May 10, 2019, 05:38:44 AM

Often times, people ask questions as to which best time to invest in altcoins or crypto coins. And I keep wondering if there is always a speculated time to invest in those coins. Early this year, I invested on one cryptocurrency. I was blamed seriously for investing on that particular coin at that particular time. This coin dumped till it almost disappeared from my wallet. I blamed myself continuously and I keep asking myself this question; is there any particular time to invest in these crypto coins? Please feel free to contribute your own opinion.


For any cryptocurrency is useful to invest in it at any time. From the point of view of a person who invests his money in this coin, it is certainly better to buy it when its price temporarily drops. I do not even understand what claims can be presented to a person if he has bought a part of certain coins.
1322  Alternate cryptocurrencies / Altcoin Discussion / Re: Should I change the principle of profitability of the cryptocurrency market? on: May 10, 2019, 05:11:44 AM
Now the cryptocurrency market is built in such a way that we keep our cryptocurrency until we feel that it has reached a price peak, and then we rush to sell it immediately in order to make a profit, that is, the difference between the price of the purchased and sold coin.

It seems to me that this is not a very convenient version of the cryptocurrency market. It turns us into greedy speculators who do not care about the project itself, for which the coin or token was created. It would be better if we had the opportunity to receive passive profits, dividends as a result of the retention of cryptocurrency. Then we would feel that we are co-owners of the project and would be interested in developing it.

We now see how very popular are ICO projects, such as Miracle Tele and others, which provide for such an opportunity. What do you think about this?
If the project team shares their profits with the holders of their tokens, this will ensure good demand for the token and not only save it from falling, but vice versa, its price will inevitably increase. We really would not chase after profit, selling and buying cryptocurrency, but quietly would periodically check the flow into our wallets or personal accounts of passive income. This, of course, would be much better.
1323  Bitcoin / Bitcoin Discussion / Re: Will they ever find Satoshi Nakamoto? Make your prediction... on: May 09, 2019, 07:44:40 AM
Satoshi Nakamoto, whoever he was, did not want to show himself and took deliberate actions in order to remain anonymous. Therefore, if he does not want to appear in public, no one can force him to do it. Meanwhile, more than ten years have passed since the creation of Bitcoin, and these are very much for the supposedly elderly person. Every year the chances of his appearance fall.
1324  Alternate cryptocurrencies / Altcoin Discussion / Re: 'Market competition leads to better products for consumers' -Roger Ver on: May 08, 2019, 05:39:52 AM
Saw this on twitter this morning from Roger Ver and I can't help but agree. Also interesting that he called out the Elixxir project in terms of competition. Does he mean against BTC?

https://twitter.com/rogerkver/status/1125753143625523200
Yes, I am absolutely sure that many altcoins will successfully compete with Bitcoin in the future, especially if Bitcoin will not maintain its competitiveness. This is the law of any market and it is useless to argue with that. Bitcoin was the first type of cryptocurrency and therefore it has long been the most famous and popular. However, the world is constantly changing, along with Bitcoin, there are a lot of promising cryptocurrencies and the Bitcoin team will have to make a lot of efforts to keep it still for a long time the leader of cryptocurrencies.
1325  Economy / Economics / Re: Know Your Customer on: May 08, 2019, 05:08:03 AM
KYC is done by most projects to comply to the government regulations. The projects are sometimes held accountable for transactions hence must be able to provide the identities of the individuals behind these transactions in order to avoid the issue of money laundering. KYC is also for verification purposes by the project in order to eliminate bot and double entries from participants.
You yourself contradict your own statement that a KYC check should be carried out to prevent cases of money laundering. For what, then, KYC is checked against ICO bounty campaign participants, if they cannot be suspected of laundering dirty money, because they do not invest their money in ICO projects. You also write that the KYC check is carried out in accordance with the requirements of the laws of some states. In this forum, I have not met anyone to refer to such laws. Above all, laws that oblige bounty hunters to be tested by KYC. Can anyone call them? I am sure that such laws do not exist.
1326  Economy / Economics / Re: Putin warns of financial crisis the world ‘has not yet seen’ on: May 08, 2019, 04:51:48 AM
In his words, I do not see that he is warning about the global financial crisis. I see that he complains that the world has imposed international sanctions against Russia and, of course, he does not like it. I think that over time, he and all his supporters will be tried by the international military tribunal as war criminals leading to the death of thousands of people.
In the world, there have always been, there are, and world economic crises will periodically arise. They play both negative and positive cleansing role.
1327  Alternate cryptocurrencies / Altcoin Discussion / Re: Are you holding a bag of useless illiquid tokens? Like I do? on: May 07, 2019, 07:01:11 PM
I am holding a bag of useless illiquid tokens. So do millions of other people in our community. We must do something about it! So I decided to Pick up the gauntlet. I’m having meetings with projects leaders, big companies, and trading platform, trying to find the best solution for all of us. Would love to hear your situation, thoughts, and ideas.
You still can not decide anything about this, with whom you would not have met, because the viability of tokens does not depend on your decisions. Yes, we practically all keep a lot of tokens earned in the bounty campaigns of ICO or bought as investors. The fact is that we cannot now say for sure which of them can be considered promising and which are useless. Many projects have been working on the creation of the finished product for years. There are cases when tokens begin to grow significantly in price only after a few years. Therefore, if teams still continue to work on their projects, we continue to hope that the value of their tokens will grow sometime.
1328  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO still have huge chance of surviving on: May 07, 2019, 06:46:52 PM
Due to the high rates of scam that happened last year's where many scam projects Rose and caused much harm to the blockchain industry. It seems the rate of scam has reduced and recently due to government intervention and regulations. So basically ICOs have huge chances of survival and we will see how it goes when the market gets better
Everyone agrees that fraud in ICO projects is the main reason for which they have lost their popularity and are now barely surviving. I know that many states are now preparing their own rules that will regulate this type of activity. However, I have not heard that in some state they have already been accepted and entered into action. We are just waiting for the emergence of such rules, since they will very significantly affect the future of the projects of ICO.
1329  Economy / Economics / Re: Joseph Stiglitz: ‘We should shut down the cryptocurrencies’ on: May 06, 2019, 06:53:34 PM
Joseph Stiglitz, a Nobel-Prize winning economist, says cryptocurrencies should be shut down. He worries that they enable illicit activity by making money transactions less transparent.

Still, he sees the value in digital payments systems and supports electronic use of government-backed currencies like the dollar.

“I’ve been a great advocate of moving to an electronic payments mechanism. There are a lot of efficiencies. I think we can actually have a better regulated economy if we had all the data in real time, knowing what people are spending,” he says.



https://www.cnbc.com/2019/05/02/joseph-stiglitz-we-should-shutdown-the-cryptocurrencies.html
If Stiglitz recognizes the value and advantages of cryptocurrency, then to conclude that cryptocurrency needs to be banned because many people use them for illegal purposes, it is not entirely logical. Now in Europe and other states acts of terrorism and other crimes are committed with the help of cars. In road accidents, hundreds of thousands of people die every year in the world. However, it never occurred to anyone to ban cars. Virtually every human invention can be used for both positive and negative purposes. Even one of the very first skills of a man - to make fire, is always used as both good and evil.
1330  Bitcoin / Legal / Re: China’s Plan to Ban Bitcoin on: May 06, 2019, 06:36:59 PM
I'm already tired of periodically reading the reports that China is going to ban cryptocurrency. Such messages appear regularly since the summer of 2017. Now I would even like to see whether such a large state like China can control its prohibition of cryptocurrency. In tough authoritarian regimes, where the rights of citizens are openly ignored, this is, of course, possible. However, China is not such a state. Such an experience would be very useful for us and in general for cryptocurrency.
1331  Bitcoin / Legal / Re: Crypto Investors: Are You Laundering Money? on: May 06, 2019, 06:23:24 PM
This is a new section from https://dailyiconews.com named the Crypto Skepticism of the week, written by Jason Bloomberg. I copy and paste.

As the crypto world tries to go legit, various exchanges and other feeders from the bottom to the top of the crypto food chain are implementing Know Your Customer (KYC) and Anti-Money Laundering (AML) technologies.

If you think of yourself as a criminal, then you probably realize the glory days of crypto may be past. But what if you don’t? Will you run afoul of KYC or AML?

First of all, it’s unlikely anybody cares about small transactions. After all, you can bring up to $10,000 in cash or cash equivalents across international borders or deposit such amounts into bank accounts, no questions asked (I’m referring to US regulations here, but many other countries have similar laws).

But if you’re Scarface or Walter White and have millions in cash to deposit, no on-the-level bank in the world will take your dough. And if you think selling off your stake via hundreds of small transactions is the answer? Sorry, that’s illegal as well (in the US, anyway), even though people advise just such an approach.

Such is the problem holders (or hodlers) of large amounts of crypto are facing. Whether you earned your stash via an ICO or via early bets on crypto or any other means, you now have beaucoup bucks tied up in Bitcoin or your crypto of choice.

The only way to sell off your stash is via illegal means – in other words, by becoming a money launderer yourself.

Good luck even opening a bank account, let alone converting your crypto to fiat. You’ll need to prove how you got those coins, who you got them from, and how they got them, ad infinitum.

Only said crypto is pseudonymous – or if you hold Monero, perhaps truly anonymous. Passing KYC and AML checks is now virtually impossible. In the words of President Trump, you’re f*cked.

What’s the value of a stash of hundreds or thousands of Bitcoins if you can never convert them to fiat? Bupkis, that’s what.
However, I would like to have such a problem and lavish my head on the question of how I can cash millions of dollars in cryptocurrency. I think that if you do it wisely and gradually, it will not be a problem, but a pleasant work. So who has these problems and these people consider such problems as big, I can take on these problems and indicate the address of my Bitcoin wallet.
1332  Alternate cryptocurrencies / Altcoin Discussion / Re: No more time to waste on: May 02, 2019, 04:10:53 AM
If I can't find a bounty project that's already listed and trading I'm done joining bounties.
No matter how reasonable a project might be if the teams decided to stay anonymous I will pass by
Whitepapers and roadmaps aren't enough anymore,developers should be ready to face the public and be ready to show me they are ready to work ,not experimental on 'it might became success or failure .
If the ICO team for any reason prefers to remain anonymous, then given the high level of fraud among ICO projects, such projects should be avoided.
Now joining only those companies that have a real product and trade on the stock exchange is a very smart decision. True, there are very few such ICO campaigns now. However, this will be at least some guarantee that our work will not be in vain.
1333  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Fraud Hits 1.2 Billion on: May 02, 2019, 03:57:02 AM
"cross-border payments to offshore exchanges have grown 46% over the last two years, contributing to the $8.7 trillion,"

Aside from fraud, this is very interesting. This only means that crypto is NOW being used to transfer value/wealth more than ever.
Bypassing traditional ways of transferring value which is thru banks.
In fact, these 8.7 trillion dollars is the amount that is now laundered through offshore zones. This, in principle, was to be expected.
As for the thefts and cryptocurrency fraud, this has already become a serious obstacle for ordinary people to switch to the use of cryptocurrency. Hackers and fraudsters are now very active, using the lack of regulation of this type of activity and large amounts that can be stolen. Cryptocurrency urgently needs state regulation.
1334  Alternate cryptocurrencies / Altcoin Discussion / Re: Bounty may be an income medium for unemployed youth. on: May 02, 2019, 03:41:21 AM
Smiley I think many unemployed youth working in Bounty at the present time are using their free time to earn income.
 What is your valuable opinion?
Yes it may well be, considering that young people are more interested in the Internet and cryptocurrency, a certain part of young people probably earn money by participating in the ICO bounty campaigns. True, this work now brings little income, but many can hope that even those tokens, which they now rarely receive for their work, can and continue to grow in value.
1335  Alternate cryptocurrencies / Speculation (Altcoins) / Re: hold or sell? help me on: May 01, 2019, 06:46:35 PM
Currently I own a lot of altcoin, I bought them at ico. My account is being downgraded several times. There are many people who say bitcoin will continue to decrease, so altcoin prices also decreased compared to USDT. So now, should I sell them and wait for the price to buy back? Give me advice  Sad Sad
In addition to the market movement, the prospects of projects for which tokens were issued are very important. Therefore, some tokens should be sold in any case, while others should be kept regardless of the rise or fall of the market. In cryptocurrency is quite difficult to predict the price. Therefore, we will lose in any case, but in general it brings us a good profit.
1336  Economy / Economics / Re: China's Proposal To Ban Cryptocurrency Mining Has Little To Do With Environment on: May 01, 2019, 06:22:25 PM
In my opinion, the mining of bitcoins in China and environmental pollution have nothing in common with each other. At the very mining just heat is generated from the work of electronics. It is not so dangerous for our world even to discuss this topic. Large-scale solar panels are produced in China, so if you wish, you can resolve the issue of producing cheap solar energy. For this, China’s climate is very suitable. Therefore, the upcoming ban on mining Bitcoin is hardly relevant to environmental pollution.
1337  Economy / Economics / Re: Russia to replace USD reserves with Bitcoin on: May 01, 2019, 06:08:46 PM
I think the U.S. sanction has something to do with Russia getting involved with funding Venezuela. They have started diversifying it's assets and of their choices is bitcoin. It seems that numbers of countries are starting to move away from depending on U.S. dollar and fining alternatives, and starting to consider bitcoin as one of it.

This will have a huge impact on not just bitcoin but also the whole crypto market.
Russia has invested more than ten billion dollars in Venezuela, of which about 7.5 billion dollars in oil production in this country. Therefore, it is trying with all its forces, including military means, to support the ruling regime of Maduro.
It is possible that in order to evade international sanctions, Russia will invest in Bitcoins and other cryptocurrency. This has been said for a long time. However, the Putin regime will do this in an environment of high secrecy. It seems that we still will not find out about it from open sources.
1338  Economy / Economics / Re: Which industries don't need blockchain? on: April 30, 2019, 07:52:28 AM
Blockchein can be used wherever systematization of large databases is necessary, and especially where such data should be available to the public. Therefore, this technology can be used almost everywhere and in any sphere of human activity. A feature of this technology is its high security when using it on the Internet online. This is now especially important when the Internet gives us the opportunity to account for any phenomena of our physical world on a global scale.
1339  Economy / Economics / Re: Money vs Barter on: April 30, 2019, 07:40:24 AM
Money is one of the important concepts, This section talks about money from the perspective of microeconomics.when people exchange goods and services without using money, this is called barter. "I'll cook dinner if you'll do the dishes" is an example of barter. Imagine an economy in wich i can sell services as a consultant to banks, but what i want is to buy a new suit. the clothing store that sell suits does not have any use for my services as a banking consultant. i sell consulting services for money, and i buy a suit using money. money serves as a medium of exchange. the bank does not sell suits. how can barter work?
The barrier existed before the advent of money and was not an entirely convenient form of payment. If a state makes a mistake and decides not to use cash, which is so much talked about in this forum as a desirable and natural phenomenon, then people will have to switch to using barter. This will lead to a fall in the level of development of the country's economy. Therefore, it is better not to experiment with such things.
1340  Economy / Economics / Re: China says rejecting physical cash is illegal amid e-payments popularity on: April 30, 2019, 07:14:29 AM
This is a normal reaction of the state. which protects and will protect the use of its national paper money. Cash will always be in demand and will always go along with other types of means of payment. As long as states exist, until then there will be their cash paper money. In addition, the poorest strata of society and citizens with various health flaws will always support the circulation of cash.
Of course, in any country circulation of cash is a necessary condition for the successful development of the economy. The faster the turnover of cash, the stronger will be the economy of the state.
Therefore, each state will protect its national cash. Non-cash forms of payment may sometime replace cash, but this requires a highly technological development of a high-income society. I do not know whether we have ever achieved such a level of human development.
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