Latest posts of: Spaffin

Quote from: daoquanghuan on July 02, 2018, 05:12:04 AM

Currently on the coinmarketcap site only about 1590 projects compared to at times more than 1700 projects. They have left many projects without developers or scam projects. I personally invested in some of these projects and lost a lot of money like bitconect and centra. Do you trust the projects you are investing in and will keep them for a long time until they succeed or are they just looking for profit in the short term?

I keep my tokens, including those recently received as a result of participating in the campaigns of generosity of the ICO, because I consider this the most sensible way out during this long bear market. To say that I am completely. trust them will be an exaggeration. I just hope for their growth prospects in the future. When the market recovers and grows in value, at least some of these tokens will give good profits, which even block the possible failures of other tokens.

Over the past few years, we have seen many drops and rises in the price of bitcoin and the entire cryptocurrency as a whole. No matter how low Bitcoin falls in price, it has always not only recovered, but also increased in price. Since there are no obvious reasons for the current fall in the price of Bitcoin, I don’t think it’s worth worrying about its fate.
Most likely, the fall of Bitcoin in the last months before the New Year, when everyone is waiting for its rise, was made intentionally. Therefore, whoever will keep his cryptocurrency now will turn out to be profitable later.

Quote from: MadGamer on October 31, 2018, 06:36:44 AM

I'm not even sure whether this is a bad or a good thing right now but this is definitely unusual and I have never seen it before even though I have been in the crypto scene since 2014.

From what I can see the development (Lightning network etc.) is more active than it ever was, so shouldn't that give a little boost to the price at least?

We have once again been able to once again make sure that there is no price stability of Bitcoin. There can only be a temporary balance between supply and demand, caused by a lull in the market, which is perceived by the market as price stabilization. However, it is rather an exception to the general rules. On Wednesday, November 14, the cryptocurrency dropped sharply in its price, and this showed that nothing had changed. It has remained with the same high degree of volatility as it was before.

Well, it is quite possible that the cryptocurrency market will begin to recover only in the second quarter of next year. Now there is practically no activity on it, and besides, instead of traditional growth, it is now showing a decent fall. If the cryptocurrency does not rise now, it will cause a new wave of frustration for cryptocurrency owners and investors, and this will prolong the stagnation period for a long time.

I disagree with this statement. The monetary system has been formed over the past two millennia. This is just what we know. It is a good development of the previous experience of mankind and, in principle, is well suited for the current use. Of course, in our world nothing is perfect. However, paper money was and will continue to exist for a long time. Apparently, as long as there are different states in our world with their conflicting interests.

Quote from: xianbits on November 15, 2018, 05:45:30 AM

Quote from: bitkanu on November 15, 2018, 05:27:42 AM

Quote from: Jie He on November 15, 2018, 04:28:56 AM

Monitored by CoinNess App, as of 03:20 (UTC), the market value of Bitcoin is about $99.2 billion, which is the first time to drop below $100 billion since October 2017. The total market value of the cryptocurrencies decreased by $15 billion within 24 hours.
Does anyone know why?

There was a battle between bitmain and nchain. a lot of hash power have been moving to the bitcoin cash. That makes the miners of bitcoin will be so easy to mine bitcoin and that means they can dump it anytime. Because miners will get more bitcoin to be dumped to the market.

So this should explain why we are in this current scenes. I look around to find an answer and this seems to make sense. But my question is, why move to bitcoin cash? Is this related to BCH hard fork?

How can a hard BCH plug cause the current bitcoin drop by 11 percent, if BCH itself fell in price by almost 18 percent, that is, even more than bitcoin itself? The reason for the current fall is something else. It cannot be said that there is no reason either, it happened too quickly and abruptly. Let's see what happens next, maybe the reason will be found.

Quote from: Kakmakr on November 15, 2018, 05:18:00 AM

Calm down folks!

The whole thing is based on speculators being confused between Bitcoin Cash and the real Bitcoin <BTC>

https://www.forbes.com/sites/cbovaird/2018/11/14/what-triggered-bitcoins-sharp-price-plunge/#616be24e1d66 If you look at mainstream media, the sky is falling, because a war in "Bitcoin" will break out. They are confusing Bitcoin Cash with Bitcoin <BTC> and they think the war between the two groups in Bitcoin Cash over the fork, will have some influence on Bitcoin <BTC> Roll Eyes

The FUD and the confusion is sending speculators into a panic. Roll Eyes

Today's BCH hard fork cannot be the cause of yesterday's fall of Bitcoin and another cryptocurrency. BCH itself has fallen much more than bitcoin, almost 18 percent. If they were buying BCH in large quantities now, it would grow in value, and not fall as it is now.

Quote from: Sama517 on August 30, 2018, 11:33:41 PM

From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

You should not worry about fiat currency. It will always exist as long as there are various states on our planet with their own financial and economic interests. States will never be allowed to replace their national currency with a cryptocurrency. This is impossible in practice, since the cryptocurrency is not able to support the economy of any state.

Quote from: boss.afro on November 14, 2018, 09:57:00 AM

Central banks around the world should consider issuing digital currencies, said on Tuesday, November 12 in Singapore, the head of the International monetary Fund (IMF) Christine Lagarde. Reported by the BBC.

According to her, digital currencies will help to make transactions more secure.

"I think we should consider the possibility of issuing digital currencies. The advantages are obvious. Your payment should be immediate, secure, cheap and potentially semi-anonymous. And Central banks will retain their role in making such payments," Lagarde said.

She also noted that the Central banks of Canada, China, Sweden and Uruguay are already "seriously considering" the possibility of launching a digital currency.

According to Lagarde, the virtual currency issued by the Central Bank, as well as cash, will be a liability of the state, not private firms.

"The more people will be served, the cheaper and more useful this service will be. Private firms may not pay enough attention to security, " she added.

She also noted that although the situation with digital currencies "is not universal", such an opportunity should be studied "seriously, carefully and with a creative approach".

source https://forklog.com/mezhdunarodnyj-valyutnyj-fond-prizval-tsentrobanki-k-vypusku-tsifrovyh-valyut/

I am very surprised by this position of the International Monetary Fund. I thought that this structure will always be a brake on the development of cryptocurrency. Even the fact that the IMF calls on the central banks of the states to issue their own centralized cryptocurrency is still a big progress for the development of the entire cryptocurrency as a whole. There may be a hidden meaning in countering a decentralized cryptocurrency to a large number of centralized cryptocurrencies.

Bitcoin will never be stable in price if it remains decentralized. In order for it to be stable in price, it must be regulated and supported by various methods its price. However, this will be another Bitcoin. He thought it was without centralized management as an alternative payment system to the existing payment systems.

Quote from: r32godzilla on July 13, 2018, 05:39:05 AM

I would say that paper currency is the greatest scam ever to enslave mankind.

Bankers charge interest for a thing which has been created out of thin air.

The paper currency gradually decreases in its value due to inflation over time.

So naturally people tend to move towards cryptos which are free from inflation and the bankers and big economists once again want to pull back people to the traditional enslaving system.

Now the choice is yours.

Enslavery or Financial Freedom?

Think Wise and Twice.

To paper money, humanity in its development went very long and they became the crown of financial relations in society. It would be wrong to say that paper money is a fraud. Paper money in a normal state is issued at a total denomination of the size of the country's national material wealth. They reflect the state of the economy of each state. So far there is no more perfect way of financial relations in society than the use of paper money and their cashless payment method.

We will have to pay taxes on profits from operations in cryptocurrency, this is the real way for legalization of cryptocurrency by the state. However, if the state sets a too large percentage of such a tax, given that it is very difficult to determine its size for every citizen, people will shy away from paying such a tax, in any case, at least partially.
Tax on cryptocurrency should be small, then it will pay.

Quote from: AlisaWhishie on November 12, 2018, 07:36:36 PM

Quote from: kram31 on November 12, 2018, 03:20:31 PM

IF the investors who pay money on the ICO do KYC then why hunters dont?
The ICO team wants to secure their place that there will be no citizen in restricted country to participate on their initial coin offering.
This will make them feel safe for their future. lets respect their decision.

But there's a difference: bounty hunters don't buy tokens, the cannot be called customers, they just do not send devs any money, the only thing they give to a project is their work; and there's no law about restrictions to work with citizens of other countries. KYC stands for Know Your Customer, not Know Your Worker.

Yes, bounty hunters are not investors, and therefore are not clients of ICO projects. Therefore, they should not be tested by KYC. However, if it is conducted illegally, then in any case it should be carried out before joining the ICO generosity campaign, and not after the bounty hunters do their work. We should have the right to choose to participate in this ICO project, or not because of the KYC audit, and now the ICO teams simply force us to try to undergo such testing, and they put us in all sorts of obstacles because they are already interested not to pay us earned tokens. This deception should not be.

Quote from: vasilisc555 on November 12, 2018, 08:46:48 PM

This month I hope for this new wave of growth. And for the time being, this hope of optimism does not add to me. We wait

We hoped for a rise in the cryptocurrency market every month since the beginning of spring. However, such a new wave of high prices has not yet come. Considering the fact that it is almost mid-November, and the cryptocurrency stays in place in price, this is already a sign that it can remain without movement this year. It will be bad, because the period of stagnation may be delayed in this case for a long time. However, there is still hope, because cryptocurrency is very unpredictable in its price movements.

Yes, to require bounty hunters to undergo KYC checks after the completion of an ICO, especially without prior notice when joining their ICO project, this should be regarded as fraud. Even though such a KYC check on bounty hunters is generally illegal, because we are not investors, it should be carried out only before joining their campaign of generosity ICO. Bounty hunters should have the right to choose to participate in the ICO generosity campaign in connection with KYC testing or not.

Quote from: yordy on November 09, 2018, 07:19:57 PM

Nawadays, the ICOs market was affected by scams, which generates distrust in them. Taking into account these events, Will are there some entities or platform that guarantees that an ICO is reliable to invest?
Cool

No one can give you any guarantee of the reliability of ICO projects. Recently, apart from the usual fraud in the ICO, when teams run away with investors ’collected funds, there has been fraud using the KYC check, when such a check is announced without prior notice at the end of the ICO or even some time after its completion and various Requirements for the non-payment of earned tokens.
The only way out of the current situation, I see only government regulation of ICO projects, now the ICO teams have soothed themselves that they want what they are doing.

Quote from: nwanne on November 08, 2018, 04:27:01 PM

It's obvious most people joined the crypto space for the profit when there was bull run but ran away when the market went dip down. But I will encourage those who are still in the space to be patient and hold on, things will get better soon.

The next few months will put everything in its place: either we will see a rise in the market, or the stagnation of the market may drag on for a long time. If the stagnation times continue again, this may cause another wave of reduction in the participants of the cryptocurrency market. Then again it will be boring here. I hope that the market will grow soon.

This year, as we see, was one of the most unsuccessful for participants in the cryptocurrency market, including for bounty hunters. I am particularly worried about the various KYC checks that have become massively conducted only after the completion of the ICO without any prior reservation, in fact, only with the aim of not paying tokens earned by bounty hunters.

Quote from: Sanitough on November 10, 2018, 04:10:48 AM

Quote from: imToken on November 10, 2018, 03:45:38 AM

Excellently，Bounty hunters are not beggars，But I have to say that the way many bounty hunters get bounty now looks like begging, to know that the bounty mission is actually a paid advertisement.

Regardless of what people think, bounty hunting is a job, you get paid on the task you do.
By helping to promote a certain project, they get attention to the crypto world and they get investments during ICO so I can say that bounty
hunters are a big part of their success.

The fact of the matter is that lately from the introduction of the KYC check, unscrupulous ICO teams have the opportunity to refuse bounty hunters to pay the tokens they earned for various contrived reasons and they use this opportunity well for autumn. As a result, we very rarely began to pay earned tokens. In fact, this ordinary fraud is already in a new form. Bounty hunters are allowed to join the ICO generosity campaign, without saying anything about KYC verification, and only at the end of the ICO do they begin to put forward and ponder various requirements in order not to pay out the earned tokens. This should not be.

Quote from: canhancut82 on September 09, 2018, 06:51:17 AM

I was wondering when to choose between bitcoin and ethereum to hold. And now I regret it. Ethereum has lost everyone's trust. I will never buy Ethereum again

In vain do you think that ethereum has lost confidence in people. Just a coincidence of some factors and no more. This coin will soon take off very well in price, especially after introducing the planned improvements, including increasing its throughput to hundreds of thousands of transactions per second instead of the current fifteen transactions. Therefore, there is still time to buy ethereum at the current very cheap price.