Latest posts of: Spaffin

Quote from: The Pharmacist on April 18, 2019, 07:07:53 PM

I've been putting aside bitcoin as a means of saving for an electric bicycle, which has become a kind of obsession for me lately--I've never owned one, but I really want to get one.

While I could certainly convert my bitcoin savings into fiat and buy an e-bike from a local shop or online, what I'd really like to do is find a dealer that takes bitcoin. I've searched the web, but I can't find any. Some of the sites that list merchants taking bitcoin haven't been updated, and either the merchants no longer exist or they don't take bitcoin anymore.

Does anyone here know of any bicycle dealers that sell e-bikes and take crypto as payment?

Edit: I don't know if this is the right section, so if it's not maybe a mod can move it or tell me where it should be.

You did not specify your country of residence. Will you agree to go to any country where an electric bike is sold for bitcoins? In my opinion, it will still be easier to change Bitcoin to a local fiat and quietly buy such a bike in the shop near you. So it will be much easier.

Yes, of course, the practice of cryptocurrency is not yet secure. This is one of the reasons why people may refuse to switch to the use of cryptocurrency, if in the future its security level does not increase. An ordinary man in the street will not spend a lot of his time in order to learn how to increase the level of security when working with cryptocurrency. It will be easier for him to take out a banknote and pay or use a bank card, where the bank is responsible for security, than to learn the wisdom of cryptocurrency. This is a very big problem.

Yes, strange events take place in Bangladesh. Three members of a gang of cybercriminals who secretly sold cryptocurrency were arrested. Just a terrible crime. However, as noted by the police, despite the tough measures taken, the number of people involved in cryptocurrency is growing day by day. I wonder how the authorities will behave when the number of people involved in cryptocurrency will increase many times?

Quote from: salty on April 26, 2019, 08:23:54 PM

Quote from: Script on April 23, 2019, 01:31:17 AM

I think that in the foreseeable future, the bitcoins will not be able to replace Fiat money, in my opinion, this is obvious. Many people are still financially illiterate, and cryptocurrency is an empty sound for them. Banks in their usual form will not disappear, but I think they will try to introduce cryptocurrency technologies and adapt them for their development. This should lead to a symbiosis of Fiat and the crypt or their parallel existence in banks.

Most likely it will be so.State-owned banks may not disappear,but private banks may disappear as unnecessary.When this happens it is difficult for me to predict,but it is likely that it will happen soon.(from 1 to 3 years)

Neither state nor commercial banks will disappear. For them, there is always work. It is unlikely that commercial structures will refuse to service in banks and will switch to the use of calculations in cryptocurrency. Banks issue the necessary documents for tax authorities and auditing. Cryptocurrency in this regard can not replace them. Also, banks perform a lot of specific functions for which cryptocurrency is not capable by nature.
Therefore, banks will continue to exist in its normal mode.

A strong rise in the cryptocurrency market this year can hardly be expected. Investors this year will be very careful. After such an unsuccessful for cryptocurrency of the last year, the activity of investors is still very low. It seems that it will grow this year slowly and the price of our coins and tokens will also rise slowly.

Many believe that we do not need crypto banks and that banks and cryptocurrency are not compatible with each other. I think that such an opinion is not quite right. Despite external inconsistencies, banks and cryptocurrency will be forced to coexist with each other. After legalization of cryptocurrency by the states, banks will provide services for the exchange of cryptocurrency for common currency, and thus people's confidence in the cryptocurrency will grow. In turn, banks will have a good commission on this.
As for cryptocurrency banks, their fate will depend on the demand for their services. While it is difficult to say what banks expect in this regard. It will also depend on the success of the distribution of cryptocurrencies around the world.

Quote from: Cjblog on April 25, 2019, 02:45:05 PM

Ripple’s XRP is having a disastrous start to 2019. In a year when bitcoin is storming back towards bull territory, XRP has crashed 16 percent. The third-largest cryptocurrency is now the worst-performing digital asset in the top ten.

Ripple’s woes worsened in yesterday’s trading session as XRP’s value dropped 7 percent, plunging below the key $0.30 mark. XRP is consistently underperforming bitcoin and the broader cryptocurrency market.

We know that the ripple coin is adjustable. Therefore, the current price reduction of this coin may be deliberate. Now it is very convenient before a general increase in the cryptocurrency market to artificially lower the ripple price in order to force some of its holders to reset it. Therefore, I believe that nothing bad will happen to this coin. The banking system is the key to the successful development of this coin.

From the very beginning and until today, money has been and will be a political tool. The release of money has always been the privileges of the state, the ruling elite. Therefore, fake money has always been considered one of the most serious crimes and often punished with the death penalty. The release of other, private money in the state was prohibited. That is why states are set to the emergence of cryptocurrency, if not with hostility, then with suspicion. Therefore, the cryptocurrency is very slowly legalized by the states.

For the whole of April, we see a fairly steady growth in the price of Bitcoin, and on the basis of its growth, and the growth of the entire cryptocurrency market. Of course, the cryptocurrency volatility will always manifest itself, so price fluctuations will always be inevitable. Most importantly, the price of bitcoin does not fall too low. In fact, it can be considered that Bitcoin is just slowly rising in price. I like his such slow, stable and steady growth. Such his behavior indicates that he will continue to grow in value. It seems that this year there will be just such a slow growth of the cryptocurrency market. I think that in ten days Bitcoin will approach its price of $ 6,000.

The colonization of Mars should begin in 2025. This year, the necessary cargo will be sent to Mars, which will fly to Mars for about a year. As soon as the cargo is delivered, the first colonizers of Mars will fly out. They will fly at a speed of 7.9 kilometers per second for about a year. Take with them supplies for two years, until the next delivery of products. Water will be extracted on site. Colonization will take about 20 years. So everything is absolutely real.
At first there will be no money, everyone will work together for survival. In the future, everything will depend on the effectiveness of colonization. I think that first there will be barter, then there will most likely be your money. Cryptocurrencies there in the next few decades will not be accurate.

Quote from: miropp on April 23, 2019, 08:52:09 PM

I agree that investing in ICO is definitely not for beginners. Previously, almost every project was successful even a beginner could afford to make a profit. But now only an experienced investor with certain knowledge can make a profit from the ICO. Crypto has become not so simple now.

It is easy to say that investors should analyze well the projects of ICO and their team. The fact is that now fraudsters compile such documents, that they practically do not differ from promising projects. Check the team that is behind every project that interested us, we also can not. After all, the team, as a rule, is in another state and open information about it or not, or it comes from the team itself, and sometimes from nominees who provide a positive image to this team. Therefore, fraud in ICO projects will flourish until there is government regulation of such ICO projects.

Quote from: LeGaulois on April 19, 2019, 07:02:08 PM

Quote from: Slow death on April 18, 2019, 02:26:46 AM

if the article tells the truth I do not know, but the political system of russia is a very shady political system and it does not seem to me that russia intends to see bitcoin being adopted en masse in its country, it seems to me that what the Russian government want is greatly reduce the number of people using bitcoin so that the Russian government has more control over the small number of people who use bitcoin in their country. This is something expected of governments that have a shadowy political system, for this kind of government to remain in power is because they control and manipulate their people.

Russia isn't interested to see Bitcoin massively adopted in the country (whatever the reason it has) but the government is interested to use it when it's about to fund its cyber war to interfere in the US. elections (Report On The Investigation Into Russian Interference In The 2016 Presidential Election
Do you see the irony? It's like saying Bitcoin isn't good for you, only for me". I am pretty sure there are other countries using Bitcoin too behind the scene.

The Russian government is slowly choosing to completely ignore the rights of its citizens. Moreover, the violation of these rights, as always, is explained by concern for them. I am just surprised that people in Russia are now so intimidated by their government that they almost don’t go to mass protests. They actually take away the right to use the Internet and cryptocurrency, and they are inert. In any other European country, such anti-people actions would mean the political death of their government. It is a pity, of course, that this happens in a country as big as Russia. We are losing this country for the development of cryptocurrency there.

Quote from: tyz on April 23, 2019, 05:47:07 PM

SoftBank founder Masayoshi Son reportedly lost $130 million of his personal fortune with bitcoin

Masayoshi Son, the billionaire founder of SoftBank Group Corp., made a huge personal bet on bitcoin just as prices for the digital currency peaked, losing more than $130 million when he sold out, according to people familiar with the matter.

https://www.marketwatch.com/story/softbank-founder-masayoshi-son-reportedly-lost-130-million-of-his-personal-fortune-with-bitcoin-2019-04-23

Buy high, sell low happens also to the super rich Cheesy

I could still assume that such people made a mistake by buying Bitcoins at the end of 2017 at the peak of their price. However, selling them then now, when the price of Bitcoin fell from comparison with the peak, four times, it is already stupid. He is a billionaire, I think, he didn’t need money so urgently to do stupid things. All you need is to wait until Bitcoin rises again in its price. I do not understand the logic of his actions.

Quote from: pinoycash on April 23, 2019, 12:50:06 PM

Quote from: Enzo05 on April 21, 2019, 07:20:51 AM

That's true and I know it's mandatory for CEO to be transparent so he can gain trust to it's users. I also like KYC for customers so during sale we can avoid abusers who will buy tons of tokens and dump when enter in the market.

KYC should only be mandatory to ICO Project owners and team members while those customers wanting to buy more tokens they are taking a huge gamble with the project and buying tons of tokens will help the project reach its funding goal.

Dumping occurs in any coin/token project and it cannot be controlled by anyone.

Checking KYC for the ICO team will not save us from fraudulent projects. ICO teams must undergo a more thorough check than a KYC check and must be carried out by authorized government agencies. At the same time, participants in the ICO bounty campaigns are not clients of the ICO team, because they do not invest their money in ICO projects. We provide services for advertising the ICO project and conducting a KYC audit against us is contrary to its goal - the prevention of money laundering and the fight against the financing of terrorism.

Quote from: muratsink on March 01, 2019, 10:39:39 PM

BTC supplies only 21 million, and now there are 3 or 4 million BTC in the system. even though there is a little more BTC, we will also find it difficult to get BTC. then, it will take a long time. 2024 or 2026 are predicted that BTC supplies will run out.

we have to think about the prospect of the crypto world in the future, until today BTC has a function to stabilize the crypto world, but what happened if supplies BTC runs out? is there another crypto that can stabilize and maintain the existence of the crypto market?

I think ETH or XRP will replace BTC. but my prediction XRP will dominate the market more than ETH, I doubt to ETH after the vitalik left from ETH. on the other hand, XRP always develops its platform every time.

how do you think, will the XRP replace BTC and has a very high value of $ 20K like BTC in 2017?

No, I think ripple will never replace bitcoin. This is not the coin that can become the leader of cryptocurrency. Also ripple will not be allowed to the level of popularity ethereum. Recently, ripple has overtaken ethereum several times in terms of capitalization. However, now ethereum is ahead of ripple in terms of capitalization of five billion dollars.

Quote from: jak3 on April 20, 2019, 07:24:53 PM

first of all, I do not think "Crypto" and "bank" should be a word. because both are a different thing, I mean they are literally competitors. well, I do not think the crypto world needs the involvement of banking systems because that will make it centralized and the government will try to control it or make it illegal to use it. as for you new information if some people are already working on some crypto bank projects then I guess there is still a lot of experimentation needed. let's see how it goes with these crypto banks.

Cryptocurrency and banks in the future in any case will have to coexist together and it should be on mutually beneficial terms. Banks will be forced to provide certain services in cryptocurrency. So why don't they create crypto banks for this. This does not always mean centralization. Certain regulation of cryptocurrency will vseravno will be from the states. Therefore, I do not see anything wrong with that. People will always be able to refuse the services of such banks, after which their activity in cryptocurrency will be curtailed. In this case, they will either have to cease to exist, or repurpose themselves into ordinary banks.

This news could have a negative impact on the cryptocurrency market several years ago. However, now miners and other participants of the cryptocurrency market are ready for this. Mining just peremastsya on the territory of other states. Moreover, part of the Chinese who were engaged in mining and had large farms, have long since left China and are doing this on the territory of other states.

In my opinion, there is no alternative to regulation of ICO. If such regulation had been introduced several years ago, now the activity of ICO would not have come to such a decline. It is a significant percentage of fraud in ICO projects that led to these projects not being trusted by investors.

Quote from: tunapa on April 20, 2019, 03:53:40 AM

even though its a means to checkmate and weed out bots and greedy people taking party in a campaign but personally i am not comfortable with kyc. most times many of campaigns that require this dosent do well at the end of the day because its a not a guarantee to measure excellence of a project. a bad project is still bad with or without kyc and vice versa.

The requirement of the ICO team for bounty campaigners to pass KYC checks is a complete abuse of their part. It is illegal because no state or government agency requires KYC to be checked by the participants of the bounty ICO campaigns. At the same time, such a claim is a violation of our right to privacy. Such anarchism and wildness with KYC verification should be eliminated by government regulation of this process.

If we look at the entire period of the development of the cryptocurrency market, we will see a tendency towards a constant decrease in the level of Bitcoin dominance over other types of cryptocurrencies. This decrease is characterized by lowering the bitcoin capitalization level. This is apparently a natural process. as other types of cryptocurrency are developing, which take a significant part of the investment. Apparently, this trend will continue. It is likely that the time will come when Bitcoin may lose its price dominance. After that, the market will begin to work entirely on new principles.