Hello, I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?What do you think? If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.
this is just a speculation, what triggered on the sudden drop of bitcoin price is the trend it creates to some panic sellers, it does not directly affect the price in case that is true, even a huge movement of a certain whale is not devastating in price drop, people's reaction on this movement is crucial, that is the rule of marketing. to increase the price of a commodity, the seller creates trends, false data to create panic selling.
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Imagine that some respectable country would go far beyond legalizing cryptocurrency and start one of its own. It would surely be no scam and it would probably have a strong support, but would there be any drawbacks to the currency and the state itself? Would it get more attention than some of the biggest coins now?
i think so, considering it came from governments, it is definitely legal in any way, therefore, many people especially on that nation will undoubtedly put in more money or invest in that coins, having high trust rating, surely it will have an edge over its rival crypto, as for drawbacks, maybe in terms of how long it will circulate and how will it co-exist with international government-made crypto. it will create more competition resulting low value on the market.
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as the nature of blockchain technology are digital, there are many other windows for development, it is a never ending work in progress, the transparency of its nature really defines its sophistication, given the freedom of anyone to view the whole chain of a certain transaction, it is efficient and fast in terms of result, but as all digital is prone to hacking no matter how secured, it is vulnerable to system corruption or glitches. but i am sure the blockchain system will always be upgraded.
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most of the time, it is human error, once you lost your password or account details, then it is already a lost on your part but not with the system, your lost coins will remain in the system that leads to deflation, those amounts will add up on the current market cap and stays there, no one can get it just like in banks, it will just float in the systems and will only used for dormant funds.
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Bitcointalk username: gambitcoin53 Twitter username: marvinthemarvz Twitter auditLink: https://mobile.twitter.com/marvinthemarvzTwitter followers: 1691 BTC Address: 36Xpjv1AUzR8ZrxvHoEUaCMoF9DbtDribZ Er20 wallet for Tokens: to follow Links of 2 Tweets 1: 2: Links of 5 Retweets 1: 2: 3: 4: 5: 7:
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Your Telegram Username :@Marvpunzalan Your Btc address : 36Xpjv1AUzR8ZrxvHoEUaCMoF9DbtDribZ
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thanks yahoo, and tony of byteball, it is my pleasure having me listed in this campaign, looking forward for the next projects.
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This is a common thing happens in different countries where the government mandatory give assistance to there citizens with disability, and the sad truth is that the assistance from government is not enough.
This is the perfect time to introduce bitcoin to persons with disability by doing this they don't need to rely only on government assistance, because they are now started to earn there own money to support their needs.
For me this doesn't make any sense. Bitcoin is not free money. People with disabilities receive assistance or money from government to help them because they have high costs or can't work. Bitcoin is just a currency, it cannot help them. i beg to disagree, bitcoin is for everybody who wants to earn a living, may he be disabled or not. it is true that bitcoin is just a currency but it has more to offer, it created ways to earn some money as long a person knows economics works, it has so many opportunities to offer, it is an investment that anyone can learn and enjoy.
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There are 1624 currently active cryptocurrencies and more than 100 cryptocurrencies exchanges working right now in 2018. With so many cryptocurrencies in the market Without regulations I feel there should be some body to legalize only a few , since its not like the more the merrier! It just increases risks of any Fraud. Small companies often are at a risk of shutting down with so tough competition. The reason why the percentage of market Bitcoins dominates isn't exactly because they got less investors now , it's just because with so many currencies around the globe it's getting saturated and distributed . Only some of them would be successful like 10-20 but with this tough competition it's risking people's investments and both these small small exchanges. I strongly believe that a regulatory body should tackle this and then make a decision. I think is negative in it's own way. Share your opinions below , do you think it's positive ?
i think we cannot do something about it, it the peoples prerogative to put up an ICO if they are capable of doing so. we should not limit those ICOs because they created traffic and competition among cryptos that makes bitcoin valuable as today's market price. and i think you will agree that it is a good thing for bitcoin.
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Governments of many countries are practically declaring war on cryptocurrencies. Why is that?
Governments don’t understand Bitcoin and want to control it. It is true that Bitcoin and other cryptocurrencies will be disruptive to banking as we know it. This makes them want to hold Bitcoin back. Governments also want to make sure they get their taxes from us as well. everybody is afraid of the unknown, govts are banning bitcoin because they cannot penetrate blockchain technology, they are banning biycoin because they cannot taxed it, they canno identify the users, thanks to the algorithm of bitcoin system, it is intended not to be regulated, it is designed to be anonymous.
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The rule that only accredited investors, which means people who are already wealthy, are allowed to participate in certain ICOs is senseless imo. It's like saying "YOU'RE NOT WEALTHY YET, SO YOU'RE NOT ALLOWED TO BE WEALTHY." Stupid society, with obsolete rules, we're living in.
Disclaimer: I'm not a US citizen, and I've not read that law
sounded a bit harsh but i guess they are just protecting their project, they are just being optimistic for having a legit and dependable investors, they are also protecting small time investors because we all know that ICOs are not yet stable, if the project fails, the investors will not panic for they have more funds rather than those small time investors who has limited funds.
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to make it simple, this is what our personal wallet does, your idea is too good but too complex, it is impossible to deal with this crypto bank without compromising our anonymity, did you mentioned how we can deposit coins in our accounts? without showing our faces to your bank tellers? and at the same time their faces to us? is this more scarier or prone to bank robbers because everybody knows we are putting not just few coins but huge value, that is why it is called a bank.
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we can see that from the date this thread have been posted up to this date, the price of bitcoin hits downward, a big fall has occured in such a short span, we definitely cannot say or predict the future price of bitcoin because once again it proved us that it is unstable and still unpredictable, we cannot based our speculation in just a single date.
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i think KYC is legal everywhere, it is a sort of protection of merchants from money being remitted to their customers. it limits the use of transferring money from illegal activities. since blockchain technology is equipped with anonymity, using exchanges as means of tracking where the money came from is beneficial to governments.
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I think that such actions of China will certainly affect the price of bitcoin. Only this will not have the effect that the Chinese government expects. Any repressive methods always cause opposition. The Chinese will hide their savings in bitcoins and withdraw them abroad. I think the price of bitcoin will rise.
agree, if we look at the data on how many countries are open to bitcoin, even a single nation can have a huge impact on bitcoin price , the percentage of using bitcoin is low, therefore a slight movement will definitely affect the whole system. china as authoritarian as they are, can and possibly impose these plan. somehow good for bitcoin as a whole.
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There are a lot of plans now that we heard recently. There is a chance to make it happen because some car companies started to make wide range of research about the benefits of crypto. Maybe, for now they still under development.
i guess it will never happen, as long as bitcoin price is unstable, since bitcoin was made not to be stable, no company will venture in bitcoin payments because the value is unstable, it can be possible with fiats like dollars but not cryptos. accepting purchases thru bitcoin is too risky. so i think it will not happen.
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Does anyone have information whether bitcoin would distribute wealth more equally across people than the current wealth distribution?
Or would the distribution be even more unfair?
this would be scary for the million users of bitcoin, if that will be the case, the millionaires in bitcoin will jump in their seats and run in the streets, this would be so unfair not only to the rich but also to the small time users, it cannot be well distributed and fairly divided because the wealth per user is not balanced. how did you get this idea? this will make users think twice in investing. we all know that the system of bitcoin is anonymous, how can the system know how much of your wealth should be distributed and to whom it be distributed, pretty scary idea.
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try to apply for a loan restructure, paying it in smaller monthly dues, ask if they can waived the accrued interest and try to change your financial lifestyles, spend lesser than you earn, do not loan to another person or company just to pay another loan, as it only adds up on your monthly dues with added interest.
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