Latest posts of: Spaffin

I do not think that stable coins should be compared with the usual cryptocurrency. Stable coins are not full-fledged cryptocurrency and can not bring us profit. However, stable coins are very useful, since they significantly increase convenience when working with cryptocurrency. It is better not to use them for long-term storage of their funds. Stable coins should be considered as a kind of buffer zone between a cryptocurrency and a common currency.

Yes, the above example clearly demonstrates that gold and silver in recent years bring profits almost twice as much as interest rates on dividends in banks. True, their final amounts largely depend on your country of residence.
However, cryptocurrency brings in the long run an incomparably more profit than gold with silver or bank dividends. Here you only need to properly distribute funds. In cryptocurrency, it makes sense to earn money, and in gold and banking dividends it is convenient to keep a portion of the profits from cryptocurrency.

No, there will be no such scenario of the cryptocurrency market growth, which we observed in the second half of 2017, in the next few years. After such a long period of decline and stagnation of the cryptocurrency market, a long period of its recovery is also needed. Now investors will still be cautious and will not invest more in cryptocurrency. For the time being, the slow growth of the cryptocurrency market may and does resemble someone in 2017, but the second half of the year, however, should be different. This year, bitcoin, I think, will continue to grow as slowly. By the end of the year, it can reach $ 10,000 - $ 12,000.

In my opinion, people whose work is connected with non-cash forms of money are a little off from real life. If they think that they can live without cash, because everything is adjusted in them for making settlements in non-cash forms, then others can easily do without cash. It's not like that at all. Cash will not go away after five or fifty years. Most states are not ready for such a drastic step, and perhaps a few hundred, maybe more, years may not be ready.

Quote from: olumyd on April 08, 2019, 05:12:43 PM

I hear it all the time. Bitcoin/crypto is alternative to fiat. And almost every token philosophy is based on this premise.

The question: can cryptocurrency beat legacy financial institutions to the point of replacing them?

... Thought as much... The much lauded JPMCoin was all noise and no substance. But can an accident happen to make legacy institutions catch up to the decentralized world?

How can you imagine a situation that cryptocurrency replaces, say, banks? Yes, banks have a lot of their specific functions that are not directly related in order to simply transfer non-cash money from one place to another. Banks, above all, serve the financial side of the country's budget, crediting the economy, financing social programs and much more. How to use a cryptocurrency as a unit of value given its high price volatility? Yes, it will unbalance the economy of any state in a few days.

Quote from: Irvinn on April 15, 2019, 09:01:56 PM

Quote from: Bitcoin1216 on April 09, 2019, 03:02:35 AM

If you don't want to innovate, you can be sure to be left behind, bitcoin is already popular and widely used for direct or online transactions, the presence of bitcoin certainly helps the business small to go international.

You probably are not an entrepreneur yourself and have no idea about running a business. First of all, there are strict financial statements in business. Reporting is not on the fingers, and not on the link of the blockchein protocol, where you conducted thousands and tens of thousands of transactions in the process of running your business. Tax authorities need to provide real documents on which they could calculate your profit. Such documents are now given by banks, where business structures are serviced. If you do not provide such documents to the tax authorities, then you will be fined so that your business will be unprofitable.
The second point is the high price volatility of cryptocurrencies. Business must be predictable. If business structures use cryptocurrency, it will no longer be a business, but a roulette game where you can either win or lose. This business is not engaged. For this there is a casino.

Well said. In order for business structures to start accepting cryptocurrency, at a minimum, it needs legalization by the government, after which all government agencies, including tax authorities, should receive certain instructions on how to use cryptocurrency in practice.
There are many examples when enterprises, especially in trade, first began to accept bitcoins or other cryptocurrency as payment for goods, and then refused to do it because of organizational difficulties and especially because of its high level of price volatility.

Quote from: olumyd on April 08, 2019, 05:12:43 PM

No, a cryptocurrency is simply not capable of replacing existing financial institutions of various countries with time.
First, the cryptocurrency itself is incapable of it. The functions of banks and other financial institutions are much broader than the functions of cryptocurrency.
Secondly, banks and other financial institutions are part of the state and no state will stand aside if the existence of these institutions is in danger. The state will destroy anyone who will encroach on their financial institutions.

Quote from: mu_enrico on April 07, 2019, 01:21:41 AM

I don't think the level of hype is similar to 2017. In 2017, many people from the outside of the crypto community bought cryptocurrency for the first time in their life. This kind of hype needs more energy to build momentum.
But if BTC could reach another ATH, of course, I have nothing to complain

The current year cannot be compared with 2017. It was an abnormal year, when people were agitated because of its rapid price growth. This may not occur very often. Many still remember how much they lost after acquiring Bitcoin at the high December prices and now they will still be careful. This year, I think, the slowest growth is most real when the volatility is typical for Bitcoin.

The good thing is that Bitcoin, having risen lately from $ 4,000 to $ 5,000, does not fall in price yet. Now he is behaving quite steadily and this gives us hope that he will soon continue his slow growth.
Of course, the cryptocurrency quickly responds with its price to any news information, but so far there are no serious obstacles to the further growth of the cryptocurrency market.

Quote from: Pursuer on April 10, 2019, 05:03:34 AM

the talks about regulations and the way certain people think it is positive have only started in 2018 when price was going down and everyone was becoming desperate thinking there is no way price can go up because it was the first time they were seeing a bubble. so they started looking for excuses that may increase the price, including regulations, ETF, SEC approval in general and a lot of silly things like that.

the fact is bitcoin was created in a decentralized way and its whole purpose is to not need any kind of regulations by any government in the world. so it is meaningless to talk about I!
at the same time regulations can affect the adoption and consequently the price of bitcoin. we have seen different cases of it. for example the Indian and Chinese restrictive regulations have slowed down the adoption while being incapable of stopping it and at the same time Japanese and... regulations have helped speed up the adoption and contributed to the huge rise of 2017.

If we speak of Bitcoin as money, and with a price that is thousands of times higher than any national money, no state can stand aside from the process of their circulation. The state will be forced to either ban them if they see a threat to their economy in them, or allow its circulation on its own terms. There is no third. If you try to resist this, the state will declare you a criminal, and you will be in prison. Therefore, it would be best if the state officially determines the legal status of cryptocurrency and the conditions for its circulation in the state. With such regulation, the cryptocurrency will be able to develop further, it will be able to spread to business areas, without regulating the business structure they will be afraid to use cryptocurrency.

Any structure that stands above Bitcoin and that will manage it somehow makes it one step closer to centralization. And who and how will act on behalf of Bitcoin? Any government created by the community will have no real power in the territory of specific states. All this is an absolutely unnecessary and useless structure. We do not need another government. It is necessary that the states lalizovat cryptocurrency on acceptable conditions.

I looked at your comparison chart for the ICO bounty campaigns and I really liked it. Recently it has become very difficult to find good ICO projects for bounty hunters. I try to choose without checking KYC and those campaigns that offer the old method of distributing new tokens to our MyEtherWallet wallets.

Quote from: Vaculin on April 07, 2019, 11:47:43 PM

Quote from: prayogi on April 07, 2019, 11:42:06 PM

there are many bounty hunters who disagree with KYC, maybe some of them use multiple accounts, so that makes it difficult for them to follow the bounty, I don't mind the existence of KYC if the project is good and guarantees data security, if the bounty hunter doesn't want to fill the KYC for bounties, look for bounty that don't require KYC

Yes. You're right. There are also good bounties that demand KYC nowadays and if you trust the project, then you should comply with the KYC. But on the other hand, if you don't want to support their KYC system, find another bounties that will not require KYC anymore.

For the time being, a big problem for bounty hunters is that the ICO teams at first hush up or even deny the possibility of passing a KYC check for bounty hunters. However, by the end of the ICO, they declare that they have changed their mind and we need to undergo a KYC check. This is quite similar to fraud, given that the task of such verification is to prevent the laundering of dirty money and fight against the financing of terrorism, and since bounty hunters do not invest in ICO projects, they should not be tested by KYC. Thanks to the KYC check, which does not have a predetermined form of its passage in advance, the ICO teams have good opportunities for any far-fetched reasons not to pay the tokens bounty hunters.

Recently, ripple has been bypassing ethereum several times for a certain amount of capitalization. However, now ethereum is ahead of ripple by as much as four billion dollars. If ethereum now has $ 18.6 billion in capitalization, then ripple has only $ 14.7 billion. This is a good reserve to claim that the ethereum coin is not yet available for ripple and in terms of capitalization. For the rest of the indicators ethereum firmly holds the place of the leader of the altcoins.

Quote from: ekomic on October 24, 2018, 10:50:41 AM

Please share any recommendations as to how to make kyc( know your customers ) effective!! and probably; is it even needed?

From the point of view of stock exchanges and ICO teams, conducting a KYC check cannot be effective at all. KYC checks should be conducted to prevent the laundering of dirty money and combat the financing of terrorism. Therefore, only law enforcement agencies of states that used the information collected about them about the clients of the stock exchanges and the ICO can assess the effectiveness of such verification. I think that there are not so many cases in the world when the collected information made it possible for someone to expose in the laundering of dirty money or the financing of terrorists.

The answer depends largely on how the domestic legislation of your country of residence governs this situation. However, as a general rule, it is possible to hold a person accountable for fraud in order to obtain other people's property, that is, for committing fraud. In many countries, responsibility for fraud comes criminal, in which case it is necessary to go to the police, and not to the court. In some states, you can apply in court, but in this case you need to look for yourself and present in court evidence of your innocence.

If there is a work product in an ICO project, this is already a certain guarantee that it will not be a fraudulent project. Now it is very important, since there are more fraudulent projects than workers. I always try to join those projects that have a good working product.

Quote from: Melody2 on February 13, 2019, 02:48:17 PM

I know it is basically impossible but what if, while you slept the bull run commenced and the price of Bitcoin climbs to $50k and then goes back to $3k just as you wake up. Then you see the charts for confirmation of what went down while you slumbered. What will you do by then? I want to hear your thoughts on this. Grin

This will not be a bull run. Although they are fast, they are not hares. This can simply be called a price surge, and no more. However, such a high level of price increases does not happen even in cryptocurrency. Therefore, you can sleep peacefully, you will not oversleep a large increase in the cryptocurrency market.

Quote from: Absolutep on February 11, 2019, 07:37:27 AM

Cryptocurrencies by Market Capitalization

Watchlist
#   Name    Market Cap Price
1   Bitcoin Bitcoin    $64,043,936,392 $3,653.57
2   Ethereum Ethereum    $12,648,375,055 $120.84
3   XRP XRP    $12,495,364,776    $0.304404

Despite the fact that the ethereum price continues to grow today, according to CoinMarketCap, it becomes $ 123, in terms of capitalization of ethereum is not much higher than ripple. So, ethereum capitalization is now becoming 12.9 billion dollars, and ripple is 12.6 billion dollars. The difference is very small. Perhaps, the closer we get to February 27, when five different improvements are expected to be introduced into ethereum, it will break away from ripple, and after they are introduced, it will become more inaccessible for ripple in general.

Quote from: Novatech8 on January 10, 2019, 07:11:09 AM

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Of course, conducting KYC checks in ICO projects should be used only for those who invest large sums. Only for citizens of the United States and China, whose governments expressly prohibit their citizens from investing in ICO projects, they should be denied investment, regardless of the amount of investment.
With respect to bounty hunters, there should be no KYC verification at all, since they are not investors in ICO projects. Such a KYC check on bounty hunters is illegal and contrary to the very nature of the KYC check, which is conducted to prevent the fight against money laundering.