If we want to see the blockchain technology massively adopted, no choice to get centralized private blockchains in the future. The adoption will come from companies and so creating their own blockchains, of course, it will be centralized ones. I don't think there is any use to make it public and decentralized for them. Let' say you own an insurance company, why would you make a decentralized blockchain
Yeah. There would be absolutely no reason for these businesses to have a decentralized blockchain if their intentions are to use the blockchain as the private ledger for internal transactions or whatnot. It simply doesn't make any sense. But we are seeing a trend where governments are issuing their own cryptocurrencies which are pretty much completely controlled by them, and thus, centralized. There are also centralized cryptocurrencies that are coming out and trying to raise funds through ICOs. These are the centralized blockchains that I think OP is referring to, and they have been becoming a trend recently as I've mentioned as many countries have already started developing them. But I would never touch these, especially if they're being touted as an investment. |
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Seems like it. There isn't even a single tradeable product/token here. All this bundle is is a predetermined amount of cryptos which you buy based on the market cap of each of these alts, and then once you buy them, they are going to end up in individual coin wallets anyways. There is no difference between this and being each coin directly yourself, basically. And buying it yourself means that you retain control over all of the bought coins, which is not something that coinbase offers. Seems like an attempt at trying to market these alts which aren't getting much attention on their platform. I'd say only newbies would use this because they're misled by the convenience and they don't have the previous knowledge to understand that this holds no apparent advantages in terms of investing in alts whatsoever, especially when BCH is in that bundle. |
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Cryptocurrency traders in China appear to have found numerous ways to circumvent the nationwide ban on trading with digital currencies. According to industry experts, as long as the transactions remain peer-to-peer and decentralized, regulators won’t be able to block them out completely. TETHER AND VPNS TO THE RESCUE Quoting sources familiar to the matter, South China Morning Post reports that many retail investors, in addition to using illegal cryptocurrency exchanges, would convert their fiat into stablecoin Tether, and exchange between cryptocurrency wallets directly. All online actions are carried out through a Virtual Private Network (VPN) in order to protect the anonymity of the trader and to circumvent the restrictions. The government hasn’t taken any actions on blocking VPNs, even though a source close to the matter revealed that: Chinese regulators definitely have the technical ability to shut down VPNs. […] However, traditionally it takes numerous conversations with different stakeholders to reach a consensus on configuring a firewall, which lengthens the process. Some companies like Tencent have officially confirmed that they’d block transactions, or ban accounts, associated with cryptocurrency trading. How such accounts or transactions would be identified, though, is yet to be revealed. Read more: https://bitcoinist.com/china-cryptocurrency-tether-vpn-bypass-ban/Interesting piece. I think it demonstrates the benefits of having a decentralized currency, which in a way, is extremely resilient to government bans and censorship. When China banned local exchanges, people would simply have moved to foreign exchanges like Binance. And when these were blocked as well, they simply moved onto another method, p2p trading or the use of VPNs and pegged cryptos as this article suggests. Bans on bitcoin can happen, but they are impossible to enforce on a national level, which is why bitcoin is so useful. The thing is that there are also legitimate industries which require the use of a VPN, which makes the blocking of VPNs unfeasible. Also, I'm sure that even if they were blocked, soon there will be more loopholes that would open up to get out of the restrictions of the great firewall. |
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What are the best strategies to void of being tracked? Is there any service or behavior you should use?
The least you can do is probably not use hosted wallets. They are not actual bitcoin wallets where you control your own private keys, which means that the hosted wallet provider like coinbase is likely to be able to see all your transactions both in an out. Also, don't reuse addresses in your wallet. Most wallets already do this automatically. If you're really savvy about your privacy, then potentially using a mixer could obscure your tracks as well. Most of the times, though, it's going to be far more efficient to just use a normal, desktop wallet which you have full control over your privkeys with, that should be sufficient anonymity unless you suspect someone's monitoring you. |
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Nothing about this site is legit.
The domain on which the site is registered on is a .tk domain, which is obtained for free. This means that the scammer isn't even bothered to invest in an actual .com domain name, which costs money. Similarly, they're using gmail as their support email domain, which is unheard of in legitimate, professional projects. They also list major exchanges as their "possible future partners", which is obviously false.
Even though the accuracy of that fake member proof is unknown, I'd say that it's fairly likely the picture used is the same person that owns that FB profile. But plagiarism of their whitepaper is pretty much the solid proof here.
Says on their site that the ICO is delayed for 8 days for some reason. Perhaps they noticed this thread and are trying to cover things up?
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Personally, I think rthe Bitcoin/Crypto market needs to be regulated for it to become mainstream or useable in everyday life situations. For instance buying a cup of coffee or even buying gas? What do you think? What're the top projects you've been keeping an eye on and how do you think this will change the future of Crypto?
Bitcoin isn't really an industry. It's a currency, so let's get that straight. But I would say probably the reliance on centralized exchanges at this point. We've already seen how little option bitcoin adopters have in terms of buying their bitcoin anonymously, and now, even trading bitcoin for other cryptocurrencies have some pretty draconian KYC rules put in place. In my opinion, bitcoin trading will see a shift to P2P as well as potentially decentralized alternatives in the future just because of the fact that centralized exchanges are constantly under regulatory pressure from authorities, but given that bitcoin itself is decentralized, this shouldn't be a harder transition to make. |
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I guess the reason why bitcoin has a stable price is because miners are mining sometimes or even stop mining at all. The supply of coins freeze and the price would definitely freeze to. Correct me if im wrong but i really believe mining and the price are linked. If one stop moving then the other one will follow.
You're completely wrong. Bitcoin miners simply don't go on a hiatus. Even if one miner goes down due to maintenance or whatnot, there are thousands of other pools and individual miners/mining farms that are working round the clock to verify transactions. Mining simply doesn't pause, and the supply of bitcoin will continue to go up as soon as a new block is mined, even though that has no apparent short term affect on bitcoin prices since the block rewards are so low compared to how many bitcoins are already in circulation. What makes bitcoin prices stable at this stage is because of the bear market. We're finding a bottom at $5-6k and prices are consolidating, there is nothing related to mining whatsoever. |
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The People’s Bank of China (PBoC), the country’s central bank, has issued a public notice urging investors of risks in cryptocurrency trading and initial coin offerings (ICOs). The Shanghai branch of the PBoC issued a public notice on Tuesday to “remind” consumers and investors to increase their risk awareness of ICOs – a radical form of fundraising powered by cryptocurrencies, urging investors to avoid speculative trading in cryptocurrencies and steer away from overseas operators issuing ICOs. It’s been a year since the PBoC issued a blanket ban on all ICOs, outlawing it as an illegal practice of fundraising. In its notice today, the central bank heralded the ban as a success, stating: “[T]he global share of domestic virtual currency transactions has dropped from the initial 90% to less than 5%, effectively avoiding the virtual currency bubble caused by skyrocketing global virtual currency prices in the second half of last year in China’s financial market. The impact has been highly recognized by the community.” ... read more: https://www.ccn.com/china-central-bank-warns-of-cryptocurrency-ico-risks/I don't agree with their ban at all. Even if something is extremely risky, people should have the right to invest in it. But I guess they're trying to prevent flight of capital from their country as well, as cryptos in general including ICOs are essentially hindering this process. And with their historically negative attitude towards bitcoin and other cryptos, it's no surprise honestly that this is their policy. Also, they're making the bear market seem like some sort of crypto apocalypse which it really is not. It's completely normal, and you really think that Chinese investors would have avoided that just because of the ban on ICOs? Their warnings are, however, somewhat true. The ICO space is extremely saturated, and there are tons of projects that are complete crap and even fake in some cases and people still are putting money into them. |
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Pretty interesting read. I wonder if Asia only has demand for bitcoin futures, or they actually want actual bitcoins. For example, it would make a lot more sense for citizens in China to be interested in getting actual bitcoins because they are able to take their foreign currency out of the country that way, while bitcoin futures are virtually just a speculative tool. Personally I'd rather see high demand for actual on chain bitcoins instead of futures, but hey, we can't control that. But this part mentioned in the article is what really is accurate, even though it's got nothing to do with any derivatives or whatever: “There’s the argument about bitcoin as a store of value. But, more interesting to me, is the usefulness of bitcoin. The ability of transfer values without a trust in the system is hugely disruptive,” he said. |
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Bitcoin has been making higher lows since hitting $5754 (Bitfinex USD/BTC) on June 24th and first to $5877 on August 14th (Bitfinex USD/BTC) then on September 8th at $6118 (Bitfinex USD/BTC). After failing to gather enough selling momentum to decisively break below $6000 it's looking like the market is in waiting mode for SEC to decide on the fate of a Bitcoin ETF.How likely is SEC to green-light an ETF, let me know your opinions.  Seems like prices actually benefited from the SEC's postponement on the CBOE ETF. I don't really understand why, but it sure seems like markets are reacting to that news quite positively actually, even though it means they're waiting for another few months for the decision. Prices are probably not going to be going into bullish territory. With this period of stability after the correction came a few weeks ago, I think that there is a possibility that we may see pumps to $7-8k. However, just like markets have acted before, it's likely that prices won't come close to breaking the psychological barrier of $10k while we're still in the bear market. We'd still have to wait until at least the second half of 2019 in my opinion, based on historical bear market timeframes to see any real developments in the upward direction that would come to anything close to last year's bull market, imho. |
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on 29 august 2018 i withdrawed 20050 usd from bitfinex to my local bank account i demanded express wire they took 200$ just for this then waited it to come next day but nothing happened then 1 week passed then 2 weeks , by that time i mailed them about situation and opened ticket they didnt even response, after 3 weeks they replied there is a problem at international transfers and suggested to wait money to come then resolve fee problem, infact main money is not around i cant ask my fee but stiuation is very wierd, i think they have still problems with wire transfers but also their support is very bad  (when money came i ll update) Even though Bitfinex is definitely not the most trustworthy entity, I think that it's very unlikely that they would selectively scam you just for this small amount of money. More likely than not, they are actually having some problems with the international wires. Unfortunately, they've had various issues with wiring withdrawals before and this seems to be a continuation of that. It's unacceptable though that they've ignored your tickets for so long and that there were no communications, and that I think is the ultimate issue with them here. They should at least let you know about what's going on as soon as a problem occurs and you request help from them. Furthermore, I think that you should negotiate with support to waive the $200 or 1% fee which you paid due to the fact that the initial promise was for withdrawals to be sent within 24h with that fee, which is a product you didn't get. |
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This project was never going to be legitimate. Their underlying idea is extremely shady, and a lot of their statements don't even make sense. The top 50 investors will take up ready apartments in both Dubai and Turkey. This statement already marks them a complete and utter scam. Use your common sense - do you really think that a random site on the internet will be able to offer you free apartments just for investing? Or are they trying to lure people into investing even more? Not to mention their plagiarized content that is used to fill their site, of course. Also, seems like that they've already removed the entire so called "team" from their website in an attempt to cover things up. Obviously, that would be a futile attempt now at reviving their chances of scamming more people since this thread has everything archived. Kudos to you, OP. |
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Firstly, even if you invested in the actual Investbox, you're pretty much investing in a ponzi scheme due to the fact that they are promising extremely unsustainable returns while being extremely shady.
What you just encountered isn't even that. They're impersonators of a likely scam, essentially. And they were playing on your greed to send more and more investments or "activation fees" (as they call them) in order for them to scam the highest amount possible.
Even though yobit has an extremely shady track record, I don't think that this can be directly be attributed to them. Even if these scammers are related to yobit themselves, you have no proof that these random telegram users are actually associated with them. Either way, take this as a lesson. Your wife was right. If it looks too good to be true, then it probably is. 5% per day is simply not something that's legit at any given rate. Even if he does pay you at first, it would be a ponzi. But these scams are typically just exit scams altogether.
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I honestly do not think that we're going to see a major bullish outbreak for the rest of the year.
Just because we've had a period of relative stability doesn't mean that prices are all of a sudden going to climb drastically by the end of the year. It simply doesn't work like that.
I also do not see the fact that global risk appetite has anything to do with bitcoin being able to get out of this bearish cycle. Because if it does, then the increase in institutional investors should have been enough to see prices rise ages ago.
Much more likely in my opinion to see prices continue to fall or move sideways, until we get closer to the 2020 halving.
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Not really surprising statistics due to the fact that most coins are held on centralized exchanges. If you look at the distribution you'd see that most funds are currently stored with addresses that are owned by Bitfinex, or other major exchanges. These aren't necessarily the funds of one entity, but rather a pool of funds that are owned by various different sources. Also, given that there are many used and inactive addresses that may still count towards this statistic means that this becomes even more likely. Obviously, early adopters may have bought a lot of these coins for cheap and held onto them over time as well, leading to this distribution, which is honestly quite normal in terms of the financial world. Diar suggests that some of the sleeping Bitcoin could actually be accidentally locked up due to owners losing private keys. Either that, or there are some rich cryptocurrency believers out there with lots of patience. Both. There are indeed lost/burned coins, but I'd say majority are probably still in control of these investors. |
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Undoubtedly, the acceptance of bitcoin is growing in a remarkable way, but most of the people involved in these field are people from Europe, Asia and America. For me who live in an underdeveloped country of Latin America I find it disappointing to see the little interest that people have in these technological issues, and the great ignorance that still prevails with respect to cryptocurrencies.
In addition, in these countries people have very few aspirations and do not seem interested in matters related to technology. And from what I see, in places like Africa, something similar seems to happen.
This type of educational, economic and technological limitations will only mean a delay for bitcoin to become a cryptocurrency of truly global scope and use.
I think that with the ease at which people can use bitcoin with user friendly wallets such as Electrum which still lets you control your own private keys, you really don't need that much technical expertise to use bitcoin per se anymore. I really think that a lot of the population in these countries are not adopting bitcoin not because they don't have the means to do so, but because they are simply not aware of the fact that bitcoin exists, and there is no reason to adopt bitcoin at this stage if their country's economy is relatively stable. It's not really a major impediment at all, but rather just a short term phenomenon of people being unaware of this technology. If the rest of the world catches on and bitcoin becomes an integral part of commercial activities on the internet, and/or their fiat currency collapses, they will have the means and need to adopt bitcoin in my opinion. |
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I mean, this is a more realistic outlook than most of his previous predictions, which seem to be permanently bullish.
It's probably just a few months ago where he said bitcoin would turn to bullishness before the end of the year or something like that. Based on all of these obviously baseless and sensationalist predictions, I've pretty much stopped looking at any articles relating him speculating on bitcoin price at all.
Anyhow, he's right on this one, though. Prices are close to the bottom at the moment and they are extremely cheap compared to the peak of the bull market of last year. To me, this is an excellent buying opportunity only if you are willing to hold onto the coins for the long term, as a bull market may not be coming any time soon in the short term.
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In my country the inflation rate averaged between 1% to 3% per year over the last 5 years. So whatever investments I had to make, I had to beat inflation for me to say that I am moving forward. I am one of the fortunate people who invested in Bitcoin, when the price was around $400 per coin. Since then I have been smashing inflation on my investments made into Bitcoin. <Even after taxes> In 2017 I obliterated inflation and I sold some coins, which was re-invested into other investments that also beat inflation. I can with all honesty say, that I am not bothered with inflation, even if it goes up to 100% for the next few years. Let's celebrate the fact that Bitcoin enabled us to beat inflation for the last couple of years.  <Well most of us, because we have to take into account that a lot of people have hyperinflation in their countries> You make a good point about how investment returns should be calculated after inflation adjustment. I see a lot of people looking at their savings accounts as some way to invest in the long run, while in reality, they are actually losing money from inflation overall. It's also important to note that the CPI index generated by governments may not be reflective of the actual inflation going on. Bitcoin is a good hedge against fiat inflation given that it's completely independent from fiat and has a capped supply, which essentially means that in the long run, as long as adoption increases or stays the same, bitcoin should hold its value relatively stably. It's these properties that I think make bitcoin extremely useful for those in countries plagued by hyperinflation, as a safe haven to store wealth in. |
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Going to decentralized exchanges will become more and more of a trend into the future, especially when regulations are tightening on centralized exchanges to the point where without going through some really hassled verification measures, you can't even use and access their service. We're already seeing this with some exchanges even asking for proof of source of funds, which is just absolutely absurd. Though, I don't think that large scale, working decentralized exchanges will necessarily come around any time soon since integration with the fiat economy would be difficult. And even when they do become mainstream, "largest economic expansion in history" is far fetched. |
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If he's talking about the entire crypto market but not just the ICO markets, then yeah, I definitely think that is possible.
Even though I don't believe it's likely to be something occurring in the next few years per se, if given enough time, the adoption levels of crypto should grow drastically to the point where bull markets could bring prices up much further than we've seen.
Although one of the likely things to happen to me is that people will start to see that the ICO markets are saturated and move onto other, existing decentralized coins to invest in. This could potentially mean a resurgence of bitcoin dominance.
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