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It would take a screenshot for us to be able to help you I think. If I were to guess, I would say maybe you didn't actually purchase $100 worth.
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Another example of governments having problems tolerating crypto unless they control it.
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A cryptocoin issued by a government may very well be a good investment and retain its value. But it would be at odds with what Bitcoin and cryptocurrency is general was conceived for. So I might buy it, but philosophically I would have reservations.
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I don't think anyone can take them seriously if they claim huge gains are imminent while being invested themselves. There is a reason why people disclose what they own.
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Most people though we are in a bull run and I also believed it was but it's clearly not. I'm so disappointed to see bitcoin that it can't even pass the $10k mark. I guess we are back crashing again.
I wouldn't panic yet. That is simply the way prices in markets move. Downswings are required to make the upswings. |
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I hope that Korea does the right thing here. They have a lot to contribute to cryptocurrency.
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Website is not working, maybe there's too many people visiting because you posted this ANN. I like your unique approach to whitepaper so that community can suggest improvements.
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Government is just now coming to grips with the concept of cryptocurrency as an asset. I hope this stage lasts a while, because more and more regulations will put pressure on cryptocurrencies to conform to their wishes not only at the exchange level, but at the design level.
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I think it's safe to say that most Wall Street Banks would open a trading desk for little baggies of coke if they thought they could get away with it.
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I constantly see people keep asking when we will recover back to the $20,000 level, but they fail to understand that it was a hype based peak; there is simply nothing to recover from.
If we do happen reach the $10,000 level somewhere in the coming days/weeks, it should be seen as a new all time high based on a more moderate form of demand, which holds way more value than the empty $20,000 peak of last year. It should result in a more sustainable form of growth that we can build on, but I'm not yet confident that the next base bottom will top the $10,000 level. My best guess would be between $7000-$9000, short term speaking.
Previous bottoms Bitstamp;
November 2017, $5550
February 2018, $5920
April 2018 (likely base bottom), $6427
What this shows is that regardless of the explosive growth we experienced last year, the bottoms indicated a stable growth, which is something not many people look at.
if $20k was hype-based/sentiment (which it was), what is $10k based on? Bitcoin is completely speculative at this point. |
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I'm sure there are people buying ICOs without reading the white paper and buying into an ICO without one. But I personally always read the white paper. If there isn't one, I move on.
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$10k is such a huge psychological pivot point... if it blows past $10k, there's no telling where it will go.
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Forex trading platforms are more seasoned and mature... with Forex, you are taking advantage of very tiny price fluctuations by buying a lot of currency... typically using margin. So if your position is big enough, you can trigger a margin call when the market moves against you and your positions get closed. I guess this is what you mean by #3 that you can just "wait for bitcoin price increase."
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It said they have "previously taken a conservative stance." Anyway, looks like government wants their cut of non-government money.
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It's a vast understatement, but damn, that sucks. I sometimes wish there were more warnings and confirmations when it comes to sending funds. It's kind of scary knowing something as small as a typo can lead to lost funds. What happened to you sounds much less boneheaded than that though and the kind of thing that really needs to be publicized and communicated to users.
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If the demand is there, which I believe there would be in a place with as much financial hardship as India, I don't think the govt could succeed long-term in doing anything to stop them.
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Goldman executive Rana Yared said that after being “inundated” by client requests, the bank had decided that Bitcoin “is not a fraud.”
 this was very strange, they did not do research before accusing bitcoin of being a fraud? they simply looked at bitcoin and said, "It's a scam." Wow, this is how a bank operates? joking, they have spoken less badly about bitcoin and at the for years it has been shown much less aggressive in relation to bitcoin It's strange, and on the other hand not really that strange. From their perspective it's a scam or fraud if no one from the 'genuine' channels is interested in it. In this case they are very interested, and even consult their main bank to serve them in a better way when it comes to Bitcoin. Their clients could either be wealthy individuals, institutions, hedge funds holding their accounts there, etc. Banks are like sluts, they are where the money is, and Bitcoin offers them that money. At some point every major bank will offer their clients the opportunity to buy and sell crypto. It's just a matter of time. I am quite sure that they will be going to compete with exchanges, and they might even gain somewhat of an advantage, especially when it comes to newbies trying to buy their first coins. No verification needed, no waiting before your wire transfer posts, etc. That's how new things usually come about... first, they are laughed at, then they are violently opposed, then they are accepted as a self-evident truth. |
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Pretty novel idea I guess. An accessible way for people who might not afford to donate, though I guess it is sort of redistributing the electrical resources required.
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Ethereum, Cardano and Lisk all have ties there as well. There is great opportunity here.
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I think it is rational to expect that there will always be frauds with ICOs, even as there are frauds with IPOs.
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