Is 8% per year, wouldn't it be more beneficial for you to buy bitcoin and Hold for a year? Not really - this logic is flawed, because your just automatically assuming that BTC is going to go up every year, which is usually not the case. We saw a huge market crash the last year, and this site is promising guaranteed returns of 8 percent a year. Just give them your money and you'll make it back. This site doesn't actually look so bad, and I think it works off something like this. - They raise capital via user funds, by offering pretty high rates - They then use the funds they raised to fund safe high interest loans, that have collateral behind it. - They make money off the spread. Look at the stats, interest rates are capped at 8 percent a year and the credit they offer is min 8 percent. Actually seems like a pretty good idea... IF they really use it for lending and make a high interest from borrower it is really possible for them to give 8% annual interest. The real problem here is how secured your invesent will be. How they guaranty that your money is secured to them. I'm pretty sure the borrower needs to put down collateral for their loans (they give out fiat money for your crypto, it looks like), so if the borrower defaults, nexo will just keep or liquidate the cryptocurrency - this is probably one of the safest lending options I've seen (assuming they don't go scam). The real problem is with shaw1. How are they going to keep getting enough loans to be able to offer such high interest rates to the lenders? Surely they close their investment options at some point? |
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No, people have tried to predit movements of BTC, but it's never worked, because, ever since BTC was created, no one was able to predict movements correctly.
I've never listened to any "professional investors" or technical analysis, most of them are shillers and it's always safer for you to listen and read the news, make your own judgment and then invest as you see fit.
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What's your reasoning behind this mate? There is little to no concrete proof or any other people who would ever imagine BTC dropping to the 5000 mark in this bear market.
I personally don't think BTC will even hit below 7,000 USD, we haven't seen any big price movements in the last couple of months and unless something drastic happens, I don't think we'll see any actual movement until then.
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There are many ways to do it anonymously. Some exchanges still don't need you to verify when you're withdrawing under the limit and limits aren't that low. Can be about 2000 dollars a month which is a nice amount of cash for most people.
Like other people said you can use an ATM and in some countries there are physical exchanges where you can come to the office and sell your bitcoins without sharing any documents. That's fine if you're not too paranoid about people seeing your face.
It depends how are you going to classify "anonymously", some people might think just giving out your account number to a random seller is pretty safe, others might think meeting up with someone is safe. All depends. Personally, I think giving a random person your BSB and number is pretty safe, as long as they don't know any of your other info. You don't need to ask for permission to share anything you know because it's why the forum is here for. But if you are going to promote some scam, don't expect a good response.
Cashing out bitcoin anonymously is still a problem in most parts of the world. The best way is still to trust a person to not reveal you identity when you trade on hand.
It is a problem for sure, and often shady marketplaces will need to pop up to help supplment the need for anonymity |
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There are 2 answers to this question, answering from a personal standpoint, and also answering if you owned a buisness and could actually impact things.
From a personal view, I'm pretty sad that I didn't push for some of my friends to get into BTC like I did, even if they didn't make money, I felt like I learnt a lot.
From a buisness standpoint - I'd just push mainstream adoption as hard as I can.
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What is the point of this post? Your giving barely any information about the project here, and just expecting thousands of dollars worth of handouts, for a project that's barely developed? I mean, is the game even working, and do you have developers?
I mean, good luck mate, but unless you are able to show a working product, that is actually worth something, I am going to doubt anyone will be giving you 5,000 dollars for a project that isn't ready.
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Compound interest is probably one of the best ways to make money, setting a set term, and then just watch the money roll in, but this investment options like these are hard to come by, unless your going for pretty risky investments.
Most compound interest options I've seen are in trust funds/venture capital funds where the profit you make gets instantly put back in the project, and then after a set amount of time you get everything back.
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As far as I know, it is not only Venezuela that is holding cryptocurrency at central bank. There are several other countries that have saved bitcoin as its digital assets. they realize that saving or investing in bitcoin is beneficial. venezuela save cryptocurrencies possible as their financial backup. because they intend to replace their paper money to becomes cryptocurrency.
There are several other countries that have saved bitcoin as its digital assetsThis draw me attention, which countries are holding BTC that you know for sure, not any speculation? The only country I know it's Bulgaria How accurate is this information? I'm almost certain that countries like Venezuela would have governments that are holding BTC due to their economy and their involvement with BTC. If I had to guess 5 countries holding BTC, I'd say USA, China, Singapore, Australia and Korea. All seem like countries that are interested in controlling or investing in BTC. |
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It is not advisable to venture into this if you are asking on the know-how knowledge required to build a successful exchange. Those who have the domain experience still get hacked, how much more someone that want to learn how to do it. It is not a kids play because any loophole will lead to data and capital lost.
The door isn't close for this kind of business just because he don't have proper knowledge on how he can create his own crypto exchange. Most businessmen out here all just needs capital in order to start their own business and opening up a crypto exchange of his own is not any different from it. With the right people employed under him he would have his exchange running in no time. Just remember that creating a crypto exchange is not the tricky part here but it is all about the legality involve around it, @OP if you are interested in this kind of business you must consider first consulting with a lawyer in order to make your operations legal and after that part you can launch what you have developed. You really need to have a big budget for this since you would most likely spend on marketing and advertising your exchange in order for you to have traders in your platform, if you don't have the capital you might want to rethink on creating your own crypto exchange. The OP has not logged in since he started the thread so the motive behind the question he asked remains unknown. I agree with you that the door is not closed for this type of business for the reasons you stated but there is no indication why the OP asked the question, maybe he wants an exchange to test the code and use it for his own demo. Could imagine OP was looking for some random free advice, so he spam posted this in a bunch of forums, and then just forgot about it the next day, I've had days like that where I just get super motivated and then forget about it later. It is not advisable to venture into this if you are asking on the know-how knowledge required to build a successful exchange. Those who have the domain experience still get hacked, how much more someone that want to learn how to do it. It is not a kids play because any loophole will lead to data and capital lost.
The door isn't close for this kind of business just because he don't have proper knowledge on how he can create his own crypto exchange. Most businessmen out here all just needs capital in order to start their own business and opening up a crypto exchange of his own is not any different from it. With the right people employed under him he would have his exchange running in no time. Just remember that creating a crypto exchange is not the tricky part here but it is all about the legality involve around it, @OP if you are interested in this kind of business you must consider first consulting with a lawyer in order to make your operations legal and after that part you can launch what you have developed. You really need to have a big budget for this since you would most likely spend on marketing and advertising your exchange in order for you to have traders in your platform, if you don't have the capital you might want to rethink on creating your own crypto exchange. That's the best advice someone could give you to be honest. From the start, when you start something big, you'll need to go through everything step by step with your personal lawyer - and then you can start making big moves like platform development. |
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Is 8% per year, wouldn't it be more beneficial for you to buy bitcoin and Hold for a year? Not really - this logic is flawed, because your just automatically assuming that BTC is going to go up every year, which is usually not the case. We saw a huge market crash the last year, and this site is promising guaranteed returns of 8 percent a year. Just give them your money and you'll make it back. This site doesn't actually look so bad, and I think it works off something like this. - They raise capital via user funds, by offering pretty high rates - They then use the funds they raised to fund safe high interest loans, that have collateral behind it. - They make money off the spread. Look at the stats, interest rates are capped at 8 percent a year and the credit they offer is min 8 percent. Actually seems like a pretty good idea... |
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Im curious about a few other products.
1. Uninterrupted Power Supply (UPS)
2. Powerbank ... imagine the ones where you buy where you can charge your laptop or tablet or phone.
Can these contain malware or not? For example whether its a used one or say a 3rd party sells it and they put it in?
What about these devices? What about a powerbank that you connect to your laptop via ac adapter?\ What if it also contains usb ports as well? So if a powerbank has usb ports on it but you don't use it but charge your laptop with it with the ac adapter or cable they give you, such as connecting from the cable slot of power bank to the power slot of the laptop, its not possible to transfer malware? it is possible to have malware if you are familiar with the movie blackhat starring Chris hemsworth where the pumps are being control one example but to be able to do that you have to know a lot of things, also in the movie they are using linux that's a great movie thats why i like linux you can copy drives via terminal without being notice by others unlike windows people can definitely see it I don't think that's the best way to base something off - a movie isn't always an accurate representation of real world circumstances, and watching a "hacker" mash keys on a keyboard and breach the US goverment's database - isn't really how the real world works. I'm not familiar about UPS, only PSUs if that's what your talking about - realized I wasn't accurate enough in my last post so I'll break it down. A PC has these parts CPU GPU Motherboard Ram Storage PSU The storage is of biggest risk, but usually none of the other components are able to store any data in them, so it'll be impossible for malware to be installed. You can only boot into BIOS without storage, so that's why I usually wipe BIOS or flash a new one on just in case. Power banks on the other hand, their USB ports are only made for processing power, and unless you've bought one with a wireless signal (needs to send the data back to somewhere), and USD ports that can transfer data, you'll be fine  |
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As someone who's spent a lot of time on used hardware, and cryptocurrency, the number rule is to always assume the worst, and then prepare for that.
Assume the person who is selling you the used motherboard, or PC has infected it with malware, assume that if your BTC private key gets exposed on that PC, all is gone.
Usually the dumber hacker will install a malware on the windows account they'll set up for you, and then when your private keys touch that PC, you'll be fucked.
The best way to avoid this, use your own hard drives (I have a SSD and HDD that I install in every PC build), wipe their windows account and take their storage out - then you can wipe the mobo bios, or update it, but you should be safe with this.
Another good idea - buy a ledger, and your private keys will never be exposed to anything.
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Haha, what is this? "Prostitution, drug sales, child pornography trades." - your telling me this is what BTC is being used for nowadays? I highly doubt this is what BTC is being used for, especially the last one. If they where going to such disgusting tasks, I'd imagine they'd be using a privacy coin. CipherTrace Scout’s rollout comes alongside a spike in street-level cryptocurrency use.
Bohn said law enforcement partners reported a surge in low-level uses cases: prostitution, drug sales, child pornography trades. Street-level child pornography trades? Is that seriously a thing? I'd love to see the statistics behind these statements. Prostitutes and street drug dealers accepting bitcoins would actually be pretty cool. “You can imagine some beat cop in a high risk area, literally finding something that appears to be tainted,” Barragan said. “He can share a case with an analyst at headquarters and that analyst could do the tracing very quickly to determine where the source of the funds were.” A beat cop in a high crime area stumbling onto a bitcoin wallet or master pubkey? How likely is that?  I would be pretty interesting, but not sure about how legitimate all of this is... Imagine hiring a prostitute and then asking for her BTC address after, that'll be hilarious it it's true. The 2nd quote makes the entire article even more of a joke, how would corrupt cops stumble across an open BTC wallet, or a private key, or a pubkey? Sound like the media spewing shit again :p |
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Change password regularly.
Look for “https” in the URL when you click the “lock” icon it will display that site is using secure socket layer of or “SSL” Changing your password regularly doesn't achieve very much if you use weak, human-generated passwords, and reuse the same password across multiple sites (as most people do). Instead use a password manager such as KeePass to generate and store a different high entropy password for every login you have. Do this once, and provided you don't get hacked, you will never need to change your password again. Similarly, rather than looking for https and being prone to forgetting, everyone should be using the extension HTTPS Everywhere at all times. There is no reason not to: https://www.eff.org/https-everywherehttps://addons.mozilla.org/en-GB/firefox/addon/https-everywhere/If you want to go full old school, you could randomly generate your own passwords and then use a piece of paper to keep it safe. I'm not fully sure about offline password managers, but I believe if they have access to your PC, they'll be able to get access to that app as well. Via the payment option, there are services online which can help a lot with this, basically they generate you a new credit card and then limit usage of that card to a certain amount per month - this basically means you can never get hacked for a lot of money, and also helps with budgeting, and not exposing your true credit card info to other sites. |
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Well, a global recession basically means everything goes to shit, and I'd assume the crypto markets would be full of red as well - decentralisation and it being in a different sector won't really help, and the end of the day, it's still a finance sector and it will go downhill as well.
There is a world though, a very small world where a recession occurs and people look to dump all their money in crypto, which is seen as the safe investment option (sort of like what is happening with Venezuela and their economy).
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Does make sense, why underdeveloped countries like Nigeria and South Africa would be extremely popular for Bitcoin, it provides a lot of earning opportunities that for countries like America or Canada, it wouldn't be very worth it, but in those countries where things are cheaper, earning like 20 dollars a day online would be a dream come true.
I am surpised to see countries like Singapore and Australia above countries like Venezuela though, it sort of makes sense for Singapore, but no way would I think Australia would be ranked so highly.
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It really depends on the lightning network I guess, if it keeps working as intended, making smaller transactions dirt cheap, and confirming transactions super fast, we could definelty see BTC as a fast payment option, and viable for those everyday coffees.
I agree with Malse, even though I don't support ripple's views and I definetly don't like the centralised aspect, using ETH, and XRP to pay for small things is just so much easier compared to BTC.
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Not only in the investment , in the life you need good money managment. According to the buddhist word, the money that you get need to devide into 3 parts.
25% for living
25% for saving
50% for investment in your bussiness
I think this is very good advise. We should manage our money according to this great theory.
In the investment money management is very important. If you dont have proper managment you will lose all the money.For this you need to follow below things.
* select the good bussiness project or opportunity
* Study the subject
*Only invest money that you can manage
*do your own research
*Annalyse the results
*get the advise from others
That's not a bad mindset, but the problem is that not a lot of people have enough money to do so, that mindset is very easy to have if your a high earner, let's say 100,000 USD a year. 25,000 on living expenss is fairly achievable, assuming you pay little or no rent. That's almost impossible to do when your income gets lowered though, earning even 50,000 USD a year, there is almost no way you can save 50 percent of that for a business, not sure about that sort of mindset. My golden rule is a simple one 'Don't invest more then you can lose'. |
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This is a great thread - I think investors should all have their own must follow steps every time they see an ICO that is interesting, follow a couple links, check for copied content, check for fake or edited team members, etc, etc If the photo was edited, then always less confidence. You can check how the photo was edited. http://imageedited.com/Thanks mate. Saved this link, I've only used google images search back in the past to check for fake/stolen team photos. I don't have a specific tool I use, but more so a piece of advice - A lot of ICO's nowadays use fake advisors, and they often put random advisors there that actually have nothing to do with the project. Google and find the advisors, and if you can't find if they are involved in the project, DM them if your bothered, or just give up and assume it's a scam. |
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It's a very biased list, probably paid advertisement since I see CoinTiger is there. Honestly, there I found the stupidest wash trading bot of all time (based on my experience). The trading was so active but won't touch even one satoshi spread from the real human market maker. Seriously, the bot activities were so obvious. I think @roycilik need to tell his story about trading on CoinTiger  What even is CointTiger? I looked at the site for a bit, and it looks like some developer got drunk and made it in 8 hours. It's definelty not something that would be a top crypto exchange, probably just washed volume. It's a manipulation. BW, for example, do an IEO program where almost every IEO get at least 10x return. I don't know where their funds come from but pretty sure they'll sell their allocation to the market after they finished their pump.
Binance is doing that too. Take a look at the charts, and you'll see lots of IEO has a big green candle for the first 1-2 days and star to flatten and die out later.
That's crazy. I expected that to happen for a couple of the new chinese exchanges, but I never knew Binance was doing dodgy things like that. I'm pretty sure they keep something like 60-70 percent of the funds raised from the IEO and use it to fund the buybacks they do after the IEO ends (which nets investors guaranteed profits). |
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