As we all know that bitcoin now are being made as a trading pairs to different fiat money all over the world. And we you go round the world having a good vacation on different countries you do not need to bring more fiat or physical money instead bringing gadgets and connecting to internet is enough to get fiat money after it will be traded to local exchange. In this way there is no need for one to bring more physical money as bitcoin could unify all fiat money around the world as trading pairs.
Unfortunately, bitcoin is not going to be something that will be able to unify fiat currencies. For fiat currencies to come together, there needs to be a world central bank or world government which at the moment is not a thing yet. It might change in the future, but such change comes centrally, since the decisions of governments are entirely out of the control of bitcoin or the bitcoin community itself. If you're asking the question of whether bitcoin can become a global reserve currency in the future and be used internationally, it already somewhat is. I think adoption growing will help its usability and P2P trading internationally, leading to more convenient transactions. If we see a sufficient market cap and adoption, we may even see institutional investors and potentially governments using bitcoin as a reserve currency, on top of average users using it to transact globally without added fees. It's a definite possibility, and I'd say probability as well. |
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In this exchange you can have om the order book very convenient prices, usually on the bch btc pair....
they stay there also for 10 minutes,
as soon as you try to buy, that order disappeares. This goes farther than the bot trading of other exchanges. This is a joke, is ridiculous.
I've never heard anything like this happen before. So after you place an order to try matching the orderbook entries, all of a sudden that particular orderbook entry that you're trying to fill disappears? If that occurs on a regular basis then obviously there is something fishy going on with their system. Allcoin doesn't seem to be the most legit exchange out there since I feel like I've seen this template/layout on countless other exchanges, and there is no data on where they are incorporated. I'd suggest stop using it, cancel all open orders, and withdraw your balance asap. |
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Now that more and more countries are starting to go cashless ( http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage? It doesn't really make a difference in my opinions. If nations convert to cryptocurrency as an entire state then it means that they are simply issuing fiat in another form. The currency being issued is still going to be centralized, except it is on a blockchain. It's sort of going to be like a national cryptocurrency scheme such as the Petro, I'd imagine. It is going to be convenient but it's not going to be any different from the fiat we've got now, just in an online form and stored on a blockchain ledger. Unless it's a grassroot movement to adopt decentralized cryptos as an alternative currency, I don't think this is necessarily good news if any country does do it as it essentially allows the government to exert even more direct control over the economy, and opens up opportunity for even more debasement of the value of the currency. |
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Although I think it might be a fake news, before deciding on this matter, you should know about this news very well and check that the incident is true. Because Bitcoin's prices are generally the same everywhere. But if there will be a another reason behind it.
You could if you had a bank account in Iran. However, it doesn't mean it'll make you a profit whatsoever. I reckon the price hike is because most people in Iran currently are seeing the legalization and official recognition of bitcoin, and taking advantage of it as a means to buy foreign currencies and get out of their official currency which is relatively unstable, with an inflation level of over 200% P.A. Usually when there is such a huge arbitrage opportunity like this which theoretically could work, it very rarely works practically. Since Iran's economy is unstable and most likely has capital controls, I think you'll struggle to get any Iranian rials out of the country. Illiquidity of the rial, capital control, as well as the fact demand is high within the market is why prices are so artificially high in the first place. |
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People should start realizing that anyone is able to create their own ICO.
I'd say that in the majority of the ICOs that are running currently, the team is completely fake and the people behind the ICO most likely doesn't even have any experience to speak of that would be of use in the development of their project.
Their primary goal and objective is to get as much money from the crowdfund, and once that objective is ticked off the box, they will move onto their next project.
ICOs are no longer like the past, it's quite saturated and I think most people should avoid it. These statistics do nothing but echo my exact sentiments.
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Does seem like some sort of a scam to me.
Not only is he probably hugely underpaying bounty hunters, the signature campaign pointed out by Coolcryptovator can also be labelled as a scam.
At no point before the launch of the signature campaign did the team mention anything about KYC, yet after the signature campaign concluded for multiple months and they finally get to distributing the tokens, they say that they need to see everyone's docs before they are able to send them tokens? That's absurd. It means that people who worked for them in the signature campaign will not receive their tokens, if they choose to stay anonymous, when there were nothing that said this was a requirement in the beginning.
I'd avoid investing or affiliating with this project altogether, even though ICO is already over.
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Hi guys,
I do some consultancy work online and my preferred method of payment is Bitcoin. Sometimes, however, people are simply not able to send Bitcoins directly – only fiat wire transfers. I have been thinking about a fix to this for a while, but haven't been able to come up with something. Is there a way for people to wire money to an exchange/service, that automatically exchanges the fiat to Bitcoin and then to me? I would want to avoid having the wire transfers sent to a bank account in my name, where I then exchange it the fiat to Bitcoin manually. The process of exchanging the fiat wire payment into Bitcoin wouldn't necessarily need to be automatic. But, I would want to avoid using a bank account, especially one in my name, as a middleman to make this possible. Are there any services/exchanges that provides a solution for what I am looking for, while remaining somewhat anonymous?
Kind regards,
Usw
I'm assuming you're looking for something like a shapeshift plugin which allows you to integrate it into your site? I don't think that there are many services out there currently that provides this service. The thing is that regulation is harsh on anything that has anything to do with fiat to bitcoin transactions in particular, so there are extremely high regulatory compliance requirements when it comes to KYC/AML for the user. Having an anonymous plugin for someone to buy bitcoin with their credit card or whatnot is simply not doable in practice with these rules. Furthermore, credit card fraud means that these services are unfeasible. There is the coinbase buy widget which you could use: https://developers.coinbase.com/docs/buy-widget, however based off my knowledge doesn't work without KYC, and has quite low limits. Your customers can pay by both ACH and Credit cards. That's the only one that is close to what you are looking for at the moment. Otherwise, just have a tutorial in the FAQ section of your site which outlines how people can buy bitcoin without verification, on sites like virwox. |
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On March 28, 2003, the first Gold ETF was launched and the interest in gold started rising. But the thing is, these markets are controlled and manipulated, that crosses out the idea of Bitcoin and the independence of our financial possibilities.
These are the obvious negative effects of ETFs. They might produce a short term spark in the market, but after that, it could actually lead to more manipulation within the market due to the fact that they are only financial instruments, and not actual bitcoins itself. In my opinion, there is absolutely no way that the future of bitcoin is in the ETF alone, at least not in a positive sense. Regardless of whether the ETF is approved, the bitcoin network is going to stay the same. People need to start to realizing that adoption levels is what's going to affect the future of bitcoin, especially international adoption by people who produce and sell goods. That's what makes bitcoin a better currency, in my opinion at least. ETFs could fulfill the void of institutional investors, but most likely is not going to be of benefit to bitcoin in the long run. Besides, it's not like there is much of a chance that one ETF is going to get accepted next month. In fact, we don't even know if September is truly going to be the absolute deadline for ETFs which are on review right now. |
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I have bitcoin in bitbox exchange but it was fake. Can't able to send or withdraw from it. Dont use that
Are you talking about bitbox.me? What actually happened when you tried to use them? How were you scammed, and how much were you scammed? Did you contact support already? Have they responded to you? You really need to provide more details for anyone to help you out here. Some screenshots of your situation would be nice. Apparently they are legitimate. I'm not ruling out the possibility of an issue on their side still, though. But you could have definitely been using a phishing site all along as well, as Omega said. Check the URL you have been accessing. Its not working. Actually website was closed i think I don't know how to attach screenshot. To this topic. other wise i could have do this to be aware of every one. Sorry to hear. And yeah, that site seems to be already closed, as it redirects to a wix. It's an obvious phishing site then. Even though it's not up, I'd assume that based on its name, it was trying to imitate the real bitbox.me exchange, which is supposed to be the legitimate thing. Unfortunately, you are definitely going to find that it's next to impossible to recover the funds at this stage. There's no information available on the owner of the site, except the address which you sent the funds to. There is even a chance that the reason why they are closed already is that the admin saw that you fell for the scam, and thus there was no reason to keep the site up anymore. Next time, you do need to be more careful. Always research whether or not you're on the right site, a simple google search will do. Bookmark the correct URL once you start using an exchange, and don't click on random links on google ads or your email - they are often phishing links.
BTW, to attach an screenshot (if you have one, do upload it for the benefit of everyone), just upload the image to imgur and click on "insert image" button to include the URL to the image. |
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Goldman Sachs is dropping its plans to open a trading desk focused on cryptocurrencies, Business Insider reported Wednesday. Previous reports had indicated that Goldman was hoping to set up a trading desk for bitcoin and other cryptocurrencies by the end of June. Now, Business Insider says, officials at the investment firm realized that more steps would need to be taken for a regulated bank to trade bitcoin, including factors beyond Goldman’s control. Continue reading >> http://fortune.com/2018/09/05/goldman-sachs-bitcoin-trading-desk/Apparently, this was the reason why markets went into a frenzy in panic dumping down to $6.5k which is the price right now? Whenever you see news like what Goldman Sachs issued back in June with their plans, you have to take the report at face value. It is not a guarantee that they are going to pan out and actually go and do this project, but instead, it's just a plan. This is just an example on things that could go not exactly what they are planned by even big corporations previously. I do wonder what happened that made them make this decision, though. Seems like there were some regulatory pressure from above that made Goldman back out of this. Though, whether or not this is launched is quite over-hyped in my opinion, just like the bitcoin ETF. It's most likely not going to be something that will be of particular use to average bitcoin users. The fact that they are interested in the first place should have been the biggest news imo. |
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When I opened the site it told me that if I complete KYC, it would be able to give me free tokens.
This is essentially the first warning sign that greets you once you access their project. No legitimate project will give you that many tokens for free. Most likely, they are trying to get and use people's KYC details and personal information for malicious purposes for their own benefits, given that their project has been confirmed to be a scam.
Hopefully no one invested too much, or participated in the 'airdrop'. Seems like the ANN thread is already gone as well. Nice job on finding the fake profiles as always, OP, you're really doing the community a favor here.
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Creating Hyperinflation is the result of the government mismanaging the economy. In that sense, the use of cryptocurrencies can only hedge against hyperinflation for the users themselves. Just like gold and silver, they do not 'stop' hyperinflation from occurring, but provides a store of value in which investors can hold their wealth in a proven store of value. Any country could realistically fall into hyperinflation at any given time simply because of the fact that all fiat currencies are centrally controlled and can be debased. Argentina based on its track record can definitely be the next country to fall into this, and this is echoed by the article here. But it's definitely not just a one nation thing. It's a worldwide risk, which is why I think everyone should hold some BTC, precious metals, or both for the long run. |
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According to another article that I read, bitcoin is actually using up the excess electricity capacity generated by sustainable sources of energy in countries such as China.
If that is the case, then there is really no reason for people to be worried about bitcoin's energy consumption at all.
The energy is responsibly generated, and in a sense, is actually using up energy that would otherwise gone to waste due to the expensive nature of battery farms to retain the excess electricity. Besides, you have to understand that there is nothing different between bitcoin and big banks when it comes to energy consumption - they all use energy to fulfill a very important purpose, and yet people only seem to worry about bitcoin's consumption.
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Last week, former Indian finance minister P.Chidambaram said "not a single economist worldwide has approved the demonetization in India 2016
On November 08, 2016, Indian Prime minister made a sudden announcement that Rs 500 and Rs 1000 currency notes will be invalid from November 09, 2016. The Indian government plan was to destroy all black money/unpaid taxes hidden by Indians in cash in the form of Rs 500 and Rs 1000 notes.
Indian people were given time till November 23, 2016 to exchange the old currency notes at all the banks in India. So there were long queues outside Banks for depositing money and also withdrawing money. I was in the queue at the bank for 2 hours and 30 minutes.
Later Indian Congress leader 'Rahul Gandhi" said "91 people had died in queues outside banks and ATMs" which was the result of sudden announcement by PM Narendra Modi.
Prime Minister "Narendra Modi" is very proud of his actions
If that was their plan, then it certainly didn't work. Black money will simply move to electronic means of storage now. Just because a few notes are wiped out, it doesn't mean that black money suddenly disappears. What the ban did was pose a huge inconvenience to every day citizens, especially Indians living overseas with these notes. Because if they wanted to cash them out, they either had to find a currency exchanger overseas in their country, or go back to India. Can't believe that there is actually this many fatalities just from queuing for cash either. Although, it is logical given that this affected everyone in India given the sheer population. I personally hold the opinion that the demonetization was probably unnecessary and not well executed, even if it was necessary. |
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Another ICO with generic ideas, claiming that they will be the future of cryptocurrency, and how they are better than bitcoin, when there is absolutely no proof that they even have a working product. Fake teams are so common nowadays that if you're not careful, you could really get ripped off. I say just avoid all ICOs if you can't verify the team's legitimacy, even if there is no proof for them to be fake yet, just to be on the careful side. They should change "we have a great team" to "we have a great fake team". Can anyone scroll down site and explain what does this mean  Frequently Asked Question
When looking at its layout. The point of using Lorem Ipsum
is that it has a more-or-less normal distribution Nah, change that to "we have a great scam"  This is too funny. They didn't even bother changing the damn filler words in the original template, and they're already saying that they're reading to change the entire cryptocurrency sphere! I wonder how that will go  |
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When will the bull run start?  in 2018? i've lose a lot of money through bitcoin. because price went down. when will the bull run start and i regain my money? Don't think that you'll see much bullish activity in the market until at least Q3 of next year, to be honest. We're still unsure of whether or not we've hit bottom at the moment with sentiment in the market extremely negative still. As I've expected, the previous rally that some people took as the signal to a new bull market was in fact, a bull trap, with a sizable correction which happened yesterday. Based off the most recent bear market of 2014, we've still got some time to go before markets will fully recover. I do think that right now is a great buying opportunity because of the cheap prices, but don't expect prices to be rising any time soon. In these circumstances, holding is always a better policy than panic dumping. |
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Report: Crypto ATM Market Expected to Grow to $144.5 Million by 2023 The crypto automated trading machine (ATM) market will grow to $114.5 million by 2023, according a report published Sept. 4 on ResearchandMarkets.com. Researchers expect the cryptocurrency ATM market to grow from $16.3 million in 2018 to $144.5 million by 2023, citing a compound annual growth rate (CAGR) of 54.7 percent from 2018 to 2023. According to the study, significant growth during the forecast period will be from two-way ATMs, which let customers change digital currency into fiat and vise-versa using a single machine. The study says that the machines’ functionality is the key driver of two-way crypto ATMs’ popularity among users. The authors of the report highlight rapidly expanding capabilities in developed countries like the U.S., Germany, and Japan, and the increasing rate of crypto adoption as prime growth factors in the crypto ATM market. The North American crypto ATM market will purportedly hold the largest share of the crypto market by 2023. The presence of a large number of crypto ATM hardware and software providers, as well as a favorable investment environment will facilitate the dominant position of the U.S. in the market. At the same time, the study also identifies regulatory uncertainty, in addition to lack of awareness and technical understanding of cryptocurrencies as factors that can limit the growth of the crypto ATM market. Targeting mainstream adoption, Ontario-based Bitcoin (BTC) and Ethereum (ETH) ATM manufacturer LocalCoinATM installed a batch of ETH ATMs in three different locations in Canada, including Toronto, Brampton and Etobicoke in 2017. That year South Korean ATM manufacturer Hyosung officially integrated BTC into its international ATM models. While the crypto ATM market is projected to grow over the next five years, traditional ATM manufacturers consider digital currencies a threat to their business. In March, the world’s largest ATM operator Cardtronics pinpointed cryptocurrencies among the major risks to their business in an annual report. Consumer behavior analysis reportedly showed a significant shift in preferred payment methods, with more customers now choosing electronic forms of payment over traditional physical banknotes, leading to a decline in the use of ATMs. Source: https://cointelegraph.com/news/report-crypto-atm-market-expected-to-grow-to-1445-million-by-2023I wouldn't really correlate the amount of bitcoin ATMs or the volume of bitcoin ATM transactions with actual adoption of BTC. So even though it's nice to have Bitcoin ATMs around both as a practical and promotional tool, their growth isn't necessary for bitcoin's adoption. Besides, as we move more and more digital even with fiat currencies, it's likely that physical bitcoin ATMs will just become a novelty after a while as online exchanges are just way more practical use, and have better rates overall. Also, it will be interesting to see how countries will respond to these ATMs with regulations, whether IDs will be strictly needed for each purchase. We've already seen Russia seize some bitcoin ATMs. Other countries may restrict access to them as well. |
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What determines if an ICO requires KYC and AML?
The main thing is the regulation in the country that the project is operative in. Search up some information from the SEC or the SEC equivalent in your country which deals with cryptocurrency securities regulation. If they require ICOs to register their investors and produce KYC/AML documents on them, then you definitely should do some to be compliant. Based on current trends, I'd say that's probably a lot, if not most countries. On a side note, perhaps also consider who your investors are. Many ICOs reject investors from certain countries because of regulations. |
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Yeah, they've finally realized why banning banks from dealing with exchanges was a completely useless move, and will only hurt themselves in the future.
The consequences of that ban was obvious from the get go, because I've said this since the ban came out that people are simply going to switch over to P2P trading. I really can't believe that they've only started to report on this matter now.
Even though they recognize this now, there is no way of stopping it. Bitcoin is here for a reason, because it's decentralized and can't be shut down. P2P trades are completely outside of the government's control, unless they monitor every single citizen's daily activities, somehow get rid of all payment processors as well as cash, which is impossible. The logical thing imo is to remove the sanctions on crypto, and move to implementing some actual positive regulations.
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There’s a big misconception that bitcoin is entirely anonymous. Bitcoin is pseudoanonymous, in the sense that your name is not linked to your bitcoin address, but you still have a bitcoin address that’s static and so it could technically be linked to you. Is this a True ? Of course. This is common knowledge. Obviously bitcoin would be pseudoanonymous because of the fact that any transaction on the blockchain can be viewed, and every single address can be viewed and its balance clearly displayed to whoever wanting to see it. In a sense, bitcoin is much more transparent than any of the bank transfer systems. While some privacy may be lost through this process, it's extremely hard next to impossible to track a bitcoin address alone down to a real life profile, especially if you take some normal privacy steps like not reusing addresses. This is because bitcoin is not centralized, and does not require any KYC, and allows you to have as many addresses as you want. Besides, mixers can be used on the network to obscure your tracks, so bitcoin is definitely still a pretty anonymous way to transact. |
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