my favorite altcoin was Ethereum plus Wepower, but the following times are not good times, I absolutely trust their projects and resources, but they have taken the current position of the market
Well, that's part of the game. I believe Ethereum will still be famous and strong in the next few years. I dont know about other Altcoins out there that much though. |
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TOP official of the Philippine National Bank (PNB) vows to study bitcoin amid Bangko Sentral ng Pilipinas (BSP) accepting stance on cryptocurrencies. PNB chair Flor Gozon Tarriela said they are looking at bitcoin and blockchain technology very cautiously but stressed the bank is not into it yet. “PNB will closely study the disruptions going on in the financial sector. We want to know more about the trends. We want to be aware of what is happening. But as to our plans to venture, we are not into it yet,” said Tarriela, adding that they are in the process of studying its dynamics and its possible effects to the banking business. A bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. While it recognized the potential benefits of virtual currencies as it facilitate the movement of funds at a much faster, cheaper, and convenient way, the BSP is equally cautious of the potential risks including illicit activities such as money laundering and terrorist financing. It has advised the public that they have to be conscious of the opaqueness of transactions involving bitcoins. To minimize risks, the BSP encouraged existing and prospective virtual currency users to deal only with BSP-registered virtual currency exchanges and maintain only a sufficient amount of virtual currency enough to address transaction requirements. BSP warned that virtual currency users should properly secure their virtual currency holdings and observe security tips to protect the confidentiality and integrity of personal information and transaction details. “The BSP still has to issue regulations on this virtual currencies. But, we, in the banking industry advocate the know-your-customer first,” said Tarriela. PNB’s thrust this year is to go digital. Tarriela said they have launched mobile banking apps to cater to the needs of the tech-savvy market. “The way to go, really, is digital,” she said, adding that this will also help them reach out to the unbanked population. Source : http://www.sunstar.com.ph/cebu/business/2018/03/09/pnb-looks-use-bitcoin-592675That sounds nice. But how about the taxation? What will the banks do about that? Bitcoin was supposed to be government and tax free to it's core.. |
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Russian government believe that it is necessary to legalize operations with cryptocurrency. They say that it will help the state to fight illegal money transfers. Moreover, central bank has the same opinion but with the condition of creating own russian cryptocurrency. What do you think about it?
Wow good for Russia then if that plan will come to reality. I think it would be an instant hit if the government also supports it but upto what extent? Because crypto currencies were created fot the purpose of being discreet and without government to tax it. Mixing crypto and government seems to be a contrast but will see what will happen. |
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The biggest factor affecting bitcoin prices is national policies.
Friendly policies will soon lead to a big increase in the market, and the start of national regulation will lead to a fall in the market.
I was also thinking of that issue also, but some wallets online realy dont require you to input what country you are in or ask if Bitcoin is legal in your country or not. I dont know if most of the coin owners are selling their Bitcoin now because of the fake ICO's that are fastly spreading accross the web and if it does have any effect on Bitcoin's value. |
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Hi.
i didn't traded so much of my crypto for FIAT so i didn't dealt with that question yet.
however i think it's an issue need to be dealt with.
1. do you use accounting services?
2.if so, do you keep documentation of all traded or bought coins?
3. what do you do in cases of profit from ICO's
WHAT SHOULD I DO??
For me though: 1 No, since it is impractical to avail of such services with the current value of crypto I have in my wallet. 2 I don't document becuase the wallet I'm using keeps a record of transactions I have made. But I am thinking of keeping an excel file for the trading (buy and sell) stuff's in the future. For now Im just holding on to what coins I have. 3 Hold and accumulate more coins and then trade them in trusted trading sites. It is very important to consider the transaction fee! Because you might not realize that the fee you are going to pay is much more expensive than the amount you are going to transfer. So just hold and acummulate and dont transfer if it's going to be a break even. |
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With the recent drop of Bitcoin's value and the looming issue of fake ICO's in the crypto world. What do you think are the major players that affect the sudden rise and fall of crypto currencies?
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Thanks for this Sir, will check their profiles to verify your claims on the above mentioned ALTCOINS. If you dont mind me asking, what trading site are these altcoins available? |
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Yes, it will. Bitcoin has surely played a pivotal role to get Blockchain going and putting it where it is today. But I firmly believe that even if Bitcoin fails in future, the blockchain technology will prevail. Hundreds of interesting applications being launched on Blockchain tech and some of them will get traction for sure. Blockchain is here to stay!  You have a point there. But we all have to consider that Bitcoin is the core of the Blockchain technology. Meaning if Bitcoin fails so will the Blockchain. But since we have already seen two forks last year, maybe blockchain can survive even if Bitcoin's value drops. But let's all hope that Bitcoin will still be a dominant power in the crypto world. |
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I believe many people are already aware of the bit. And it still hesitated that if you buy a bit will keep losing it? If it is, it will be too late. I do not think I have any guidance. I just want to present many factors to see that. What is the price of bundles it up or down the day it is due to what the problem? Let's see it. The image below is a copy of the Fibonacci Indicator. I will describe the home language is. The price of time that has occurred, then compared to the future (same as the original) Okay new. Removing prices from the beginning to the present. To analyze the probability of price in the future. It sounds so much easier. But everything is just an analysis. There may be other factors involved that can not be predicted for the future. However, we know that the chances of a price going up there are possible. The Basics of Bit Coin You Should Know 1. The first is that the number of coin coils is limited to 21 million BTC. Over time, the number of BTC coins that have been mined. Or take longer to dig. But the demand for bitcole is very high. This also affects the price as well as economics. I can not add it. 2. Confidence in the price of bit coincidence of investors. It is believed that the price of a coil is unlimited. Maybe up to 10,000 Cc coin or more. 3. Using bitcoin Instead of a payment system. And person-to-person transfers. Or even international money transfers, which you will pay very little. And fast. Can you buy a house or car with a bit? Or even pay employees in the company with bits. 4. The confidence of the people. Interested in digital currency And buy it for speculation. See last year. More trading. There are more markets for trading in the country, as well as merchants or shops using bitcoins to pay for goods and services. 5.The popularity of Bitcoin. Nowadays many people know more about coin coin. As we have seen in many countries, Bitcoin is one of the investments. And some countries are trying to push the use of bitcoin can be legally spent. 6. Bitcoin's price It is independent of the economic indicators of the country. It will be seen that the news about the state of the country will not affect the price of Coyle. 7. The average Halving incident every four years is a reduction in the number of digs awarded in half. This results in less supply. 8. Independence in trading If you want to trade, you do not have to trade at the Exchange Exchange. Unlike stock or Forex, Broker must be an intermediary. 9. The key to keeping the price down is flash crash. The market is hacked. This makes it hard to trust. The history of the previous Mt.Gox from Japan or Bitfinex of China has been hacked, resulting in the price of bit fell several points. And finally, confidence begins to return. The future of bitterness affects the world. Now, a bit more is happening. As you know, the whole world is tied to the dollar. Many countries that are trying to free themselves from the mega are trying to find a way to make their own country not be struck by the economy of the Mega. If the future is good. There are some countries that have used BIT as the main currency of their own country. I believe that day. Those who are prepared will have an advantage. You may be like a dystopian, but that's about the future. But now I'm starting to see a lot of bits in some countries. There are even ATMs to wait. There are still a lot of Exchange markets with over 50% market capitalization in China, as many people know China has been cold war for years. Trying to push gold prices for a long time. The price of gold is not significant. Aftermath from Europe, many people know. I do not know what China might have been. เล่นคาสิโนบนมือถือToo late? If you look at bits as VI shares in the future fall to you or anyone in the world will have to use, I see that it is not too late. Bit is designed to be used from today until next. If you use a bit, you will know that the bit is not too late. There are many other ways to invest with a bit of profit. However, there are two aspects to study the information well. Lactate Now is the best time to buy bitcoin because it's price tag is at a lowest since 2016. It's better to hold them for now and wait till the prices go stable in the market. I still believe that Bitcoin's value will still be strong in the next few years. |
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While studying on coinmarketcap.com about the new altcoin and saw this interesting TRON and its founder Justin Sun. As I know this Justin Sun too well, I could be 100% sure this is 100% scam. If you understand Chinese I'll suggest you do some investigation yourself. 1. download this product :陪我APP and see what kind of product this guy has made and guess what kind of platform his next project could be. hehe.. releasing this TRON open source ? maybe you have to wait for another 100 years. 2. know what kind of guy this Justin Sun is by going to https://www.zhihu.com/question/30930569, after reading the article you could decide yourself 3. go to http://www.iqiyi.com/w_19rsyc3541.html and watch this Justin Sun talk about decentralization. 4. look carefully into the white paper, 99% of the content are pirate copy! 5. read article about this Justin Sun: http://www.sohu.com/a/195447639_534692The game they are playing is quite easy to understand: hire some guys to flood bitcointalk forum and in the mean time use a couple of trading bot to do buy/sell themselves, their price and trading volume is so easy to be manipulated. TRON is just another scam out of 90% altcoin scams. Thanks for your opinion. Have'nt heard or read about TRON just yet till I bumped into your post. Thanks for the warning. It's really important to read and study an ICO's product before we go invest on it. |
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I have one question that really bug me sometimes, Are ICOs going to end or new ideas and projects will emerge along with ICOs. Many of us actually rely on bounty to earn other than investing. As long as there is ICO I believe there will be bounty. It will be a sad day for us if ICOs are declared officially dead.
That' a very hard question to ponder specially if we consider the rate of new ICO's per day being produced. But I do believe many investor's will always come up with new ideas and concepts that will keep ICO's running for the next few years. |
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Thanks for the list. Looks all good to me. Keep us updated. |
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Good thing for Germany. Hoping other countries will recognize Bitcoin as a legitimate tender...
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you are correct but i do believe that negative news (or mainly FUD) has always been a secondary force that helped the drop but it never caused it. the market makers get the dumping started and as price falls other traders join in with stop loss,... and then the FUD starts coming out and the weak hands panic sell making the dip bigger.
as you can see there was a lot of buys happening around $10k even with all the FUD and all the dumps that happened. but in the end the pressure of the dump was bigger than the strength of the total buys so it broke down.
i agree with you. And we also have to count the numbee of SCAM ICO's that are flooding the market right now.. Someone has to regulate the number of ICO's before it gets out of hand. |
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It's never too late to invest in Bitcoin. No one really knows when the next boom will occur. So just be patient and hold on to your satohi's for a while longer.
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Well, first and for most you should read the journal Satoshi wrote for you to fully understand how Bitcoin is to the core. How it was conceptualized and how it should operate. Many people now adays are just interested in Bitcoin for the money.
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Nice answer. I could not agree with you more. 👊 |
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Many orthodox media at this time are spreading information about Bitcoin's record-breaking price, that Bitcoin will soon be wiped out and forgotten. However, in contrast to Bitcoin's "death penalty" scenario, it is possible to spot positive signals in recent meetings and comments from financial experts when it comes to the technological foundation behind the currency.
In an interview with Bloomberg, Mark Carney, the Governor of the Bank of England said that Bitcoin was a failure of the monetary system. However, he acknowledged that Bitcoin acted as a guideline in many respects. edge of social life.
Carney also said the currency was a challenge for central banks and supervisors of the payment and market system. Hofrichter, head of global economics and strategy at Allianz Global Investors, also emphasized that we should separate Blockchain from the weaknesses of Bitcoin and other currencies in the current context.
It is undoubtedly that blockchain technology (or decentralized ledger) has significant potential - at least the ability to save the cost of managing transactions and networking to the maximum. This promotes a range of financial institutions, including central banks, to learn more about Blockchain and its practical application platforms - including the conduction of financial transactions.
So, if the red is spreading throughout your investment portfolio, do not worry too much. If you bought bitcoin at over $10,000? Relax and believe in the growth of Blockchain technology in the foreground. From this perspective, beside price fluctuations, the limitation in scalability is Blockchain's biggest barrier.
I still believe that the value of Bitcoin will rise again in the mere future. All we have to do ia wait for it. |
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ScamICO.org designed to help you to avoid investing into scam ICOs. On the Forum you can discuss or be more informed about scam ICOs mechanisms. You may ask community to help you to identify scam ICO. Link: https://scamico.org/wow that's neat. Hope users can get to know this info in the web. A lot of ICO are just really trying to get away with people's money |
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