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961
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Bitcoin / Bitcoin Discussion / Re: Bitcoin will be stronger this time
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on: October 02, 2018, 08:01:11 PM
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In as much as we attributes the movement of cryptocurrency/bitcoin price to good news that trigger investors to invest in it we most as well understand how the market works the crypto marks operate mainly on the economic law of demands and supplies to determine it price movement and at that whether the US sec approve the proposed ETF or not once the demands for the commodity get high it price will rise.
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962
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Bitcoin / Bitcoin Discussion / Re: We need to change
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on: October 02, 2018, 07:13:41 PM
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It depends on the level you take bitcoin and cryptocurrency to us cryptocurrency is a multiple source which can function on several level and for several purpose, bitcoin can be use as a digital currency and also a store of value due to it high price in the exchange market. So most users focus on the investment face and that is why we are term as a bounce of get rich quick foks. But we also value the currency aspect of cryptocurrency also.
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963
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Alternate cryptocurrencies / Altcoin Discussion / Re: CryptoNote android wallet
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on: September 30, 2018, 06:58:18 PM
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May be it because having an android wallet is not part of the developers of cryptonote road map may be the are comfortable and OK with their present wallet which is desktop base. Having an android wallet will further enhance the flexibility of the project and make it more user friendly. May be with time cryptonote will develope an android base wallet.
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964
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Alternate cryptocurrencies / Altcoin Discussion / Re: Making it known
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on: September 30, 2018, 06:52:01 PM
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many people here are talking about the prospects of crypto to become a currency that will replace fiat. ok, that is possible. one thing is bothering me, though. how we could explain to everyone, from a child who obviously needs some money to an old men who still wants to buy some food and a newspaper, what it is all about? just imagine how in simple words you explain to a person how blockchain technology works and why it is so great. there should be some kind of educational courses, or official instructions. how to solve the problem of bringing understanding to society? i am pretty sure you have old relatives who can't understand what the internet is and why we need it. what to do with them? what to do with people in poor countries where they have never seen a computer? before making crypto a universal currency we have to deal with the fact not everything is ready for that. share your ideas on how it may be possible to enlighten people about new technologies.
You are right it is advisable to have adequate information and knowledge about cryptocurrency and the blockchain entirely before making it become the world global currency which will replace faint money all over the world. Cryptocurrency is still at it early stage and at that a lots need to be done in the area of educating the general public what it is and how it is being used teaching cryptocurrency in school will go a long way to broaden the knowledge of cryptocurrency in young people, but the question is have cryptocurrency gain that legal recognition to be thought in government institutions the answer is no. So we are going to get there with time. |
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965
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Economy / Economics / Re: FBI warns of imminent mass attack on world’s ATMs
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on: September 30, 2018, 06:44:13 PM
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This is the more reason why the world should adopt blockchain technology as the digital bank because with blockchain it means less ATM and less of all this cyber crime, no dought that the blockchain also have it own challenges but at list in a lesser level. The FBI as the global police have done a good job but it left for the banks to upgrade to a more secured operating system on their ATM machines.
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966
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Alternate cryptocurrencies / Altcoin Discussion / Re: 7 tips for participating in the airdrops
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on: September 30, 2018, 12:07:32 PM
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Well airdrop are good ways to earn extra cash with your time but in as much we truly need to becarful when doing that in other for you data not to be compromise just as the poster have said. Airdrop have advantage for the both side the participant's and the owners of the project while the participants in airdrop get token without direct investment the team get they products advertised to the general public by the participants.
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968
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Bitcoin / Bitcoin Discussion / Re: Things on my mind about bitcoin lately
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on: September 29, 2018, 07:18:53 PM
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I this k if what you said happen then that will be the end of bitcoin say Garvin's die without passing on the alert to another person which is what santoshi handed over to him according to history, at that bitcoin will simply just go into extinction and forgotten about with time. But I believe something else will be done to avart that or save the incident.
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969
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Bitcoin / Bitcoin Discussion / Re: Do you mine or do you bake?
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on: September 29, 2018, 07:12:10 PM
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At first is was into mining but due to it high demands I have to look for other alternative now I do more of hodling and fixed it for a target and is call smart trading trying to cut edge when ever the opportunity present it self due to the high volatility of the bitcoin network. So I don't know if I should also call that baking.
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970
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Bitcoin / Bitcoin Discussion / Re: Why arguments against Bitcoin are wrong...
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on: September 29, 2018, 07:07:34 PM
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Well what the world need as at this moment is the freedom to use the finances as the wish, take for example most of the argument against are all due to it decentralized nature a d being use by criminals to carry out illegal dealings without any trace. But even the faint paper money can also be use to carry out illegal transactions so what the difference.
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971
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Bitcoin / Bitcoin Discussion / Re: Hold On for Dear Life
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on: September 28, 2018, 08:31:16 PM
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If you have taken your time to study the movement of bitcoin from the unset you will realizes that instability is part and parcel of the bitcoin market and price and if you don't really understand how this volatility works you may get frustrated by it and at some point feel like giving up on crypto/bitcoin, but my advice is try to equip your self with this knowledge of price volatility before you even invest your cent in bitcoin.
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972
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Economy / Economics / Re: Ukraine plans to impose a tax on the operations with cryptocurrency
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on: September 28, 2018, 08:24:22 PM
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The bill submitted to the Verkhovna Rada of Ukraine of the crypto-currency is only one of several similar projects. It provides for the collection of 5 percent of the profit tax in the crypto currency, which is quite good for the circulation of crypto currency in this country. However, the draft law on the revival of the crypto-currency, introduced by the Verkhovna Rada's committee, foresees in general the absence of any taxation of the crypto-currency and more favorable conditions for its circulation in Ukraine. These are two of the four bills on the crypto currency and which one will be adopted, while it is difficult to say.
Yes you are right in as much as I in my personal opinion is against the taxation of cryptocurrency since it a digital currency performing the same function as the faint currency which are not liable to be taxed under any circumstances. The bill if properly worked upon by the Ukraine Parliament will help cryptocurrency to acquire more recognition and adoption. |
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973
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Bitcoin / Bitcoin Discussion / Re: What is your Bitcoin total ownership goal?
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on: September 28, 2018, 07:33:12 PM
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It one this g to set a goal and is another thing to accomplish your set goals, bitcoin as a very volatile asset is very difficult to set an exact amount you may own at any point because the price fluctuate at every second of the day. But having a set goal is good at list it will help to guide your steps and action in one direction which is to accomplish your set goals.
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974
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Bitcoin / Bitcoin Discussion / Re: Bitcoin Is "Money Out of Thin Air"?
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on: September 28, 2018, 03:18:39 PM
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Referring to bitcoin as money out of tin air will be a statement out of ignorance to us who have taken our time to study and understand the fundamentals of bitcoin and how it works, well every thing at it initial stage only exist as an idea even the bank create money out of nothing its the value attached to a thing that determine it worth in the real sense.
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975
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Bitcoin / Bitcoin Discussion / Re: How to make money off cryptocurrency?
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on: September 28, 2018, 03:09:53 PM
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What I have come to understand in crypto is that it has to do with luck and smartness, most traders lost lots of they money due to they inability to understand this too facts, no matter how lucky you are in trading if you are not smart and skilful you still lose your money. Most of the exchange are also out to make gain so at that they always take advantage of gullible users, I got my mozo tokens trap on coinrail without any explanations from them I don't receive otp to log in to my account after I have already deposited my mozo tokens.
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976
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Economy / Economics / Re: Even your fiat is not totally secure!
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on: September 27, 2018, 09:13:20 PM
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I keep on advising people that there is nothing like secured investment because every investment and business has it own challenges and crypto currency is not an exception to this fact, if you are thinking of security then you can never invest in any thing at alk. Because business has to do with risk taking that is why they said no risk no rewards, all investment ranging from gold, real estate and all others has risk involved even the banking system is a risk so in order to succeede you must be ready to take risk.
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977
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Bitcoin / Bitcoin Discussion / Re: Hackers on the rampage again, 59M $ Stolen
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on: September 27, 2018, 07:14:07 PM
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I came across this news on my news feed some days ago but I never pay much attention to it, this is another sad news but hoping that the market will not react to this negatively for long. This why we are always advice not to leave huge deposits on exchange as they are most times the target of hacker's hope we all lean from this and the customers involved should be duly compensated with time.
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978
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Bitcoin / Bitcoin Discussion / Re: BITCOIN USAGE EXPERIMENT
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on: September 27, 2018, 05:50:36 PM
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I believe bitcoin to be a kind of magical tool in this generation because even the U S government can not own bitcoin because if they do there have been several point in bitcoin where it need intervention but had been left without any interventions from any body not even the US government or any individual. I still have a strong feelings that santoshi is just an abbreviation of so many name or community of people.
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979
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Alternate cryptocurrencies / Altcoin Discussion / Re: Avoid being driven by greed
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on: September 26, 2018, 10:19:12 PM
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You are right greed have left so many investors in loses today and many of which are no longer in the crypto space today, greed is what most time leads to fraud and scam which has so much negative impact on the image of crypto today. Life is not always as a win win game we have to learn to also take modesty as an option even duo we have the chance to push forward, always know when to strike no Matter how low your interest is.
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980
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Alternate cryptocurrencies / Altcoin Discussion / Re: Did you think ICO is necessary?
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on: September 26, 2018, 10:13:43 PM
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I believe ICO is the bedrock of every project that can ever have a successful execution because it through ICO that the needed found will be rase in other for the team to be able to take the project to a successful and conclusive end. ICO is very important because it also give investors the chance to own shares in the project.
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