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Government is interested in the flow of money, anti-money laundry, tax evasion, illicit trades etc, but since cryptos are kind of censorship resistant, the only way they can keep a tab on it is to monitor entry and exit pointof cryptos against fiats and that take place on exchanges, so they require kyc to know who is the final destination of the cash
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In the face of too many scam tokens/projects,here is a philosophy that can be helpful, quotes below
"All tokens/ICO/projects are worthless until you can provide beyond reasonable doubt that they have value "
If you can do that for any project, chances are high you won't be a victim of scams. What is your own philosophy?
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There has been so much FUD/FOMO lately about the bitcoin ETF proposals, debates on its merits and demerits, it makes me wonder. What is actually better for bitcoin, Is it some form of government regulations like ETF approvals or Gradual mass adoption of cryptos in general? What's your take?
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Money is not at all safe in cryptocurrency, There are so many hackers around here who's only business is hack a wallet of bounty hunters to get money without doing anything.
The safety of your money in cryptocurrency is closely related to how well you can effectively secure your private keys, if hackers do not have access to that, they do not have access to your coins
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It is interesting to note that there were a lot of projects claiming they have bots that can effectively execute trades and profitably all the time, if that is true,why is everyone not using them?
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There are already tons of materials you can find online on the subject- blockchain technology-.You may also consider taking a diploma course on the subject, a few universities are already offering such,but they always over-subscribed
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Lightening network has reached advanced stages and there are a lot of nodes currently being run. Although lightening network will impact merchant acceptance of bitcoin, it may however not be the driving force for expenential crypto adoption globally.
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There has been s much strain on the ethereum network causing an increase in transaction fees and delays in transactions.Why so much delays,my transaction has been stuck for over 6 hours now.
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Verge is a good privacy coin,the only concern lately abut privacy coins is the chance that governments may force exchanges to stop trading them.That will not means well for cryptos in general since there are a lot of instances where anonymity is high priced by users. XVG is a good buy,timing?that depends on individual goals.
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The value of bitcoin is more about the sentimental value people attach to it ,not necessarily as a result of its functional prowess.Bitcoin cash can basically do all that bitcoin itself does but it sells at about a tenth of bitcoin price.I also argue that bitcoin 'deserve' that exclusive right since it is the first crypto-currency. Much same way Gold is in the world of precious metals(silver has more uses that Gold but the price is never at pal with Gold).
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The lightening network is already getting a lot of usage.The number of nodes has increased exponentially in the last couple of months,which means the issue of have a lot of unconfirmed transaction and ultimately fee hike will be a thing of the past.Lightening network 'batches' a collection of transactions and treats them as a single one.
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This should vary for different individuals as we obviously have different financial strength and risk apetitte. For me however,one should make at lest 10 percent of one portfolio in cryptocurrency or crypto-related projects.That includes bitcoin of course.
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Mainstream media for advertising cryptocurrency projects is currently not every useful and is ofetn rstricted because of possibe government sanctions,s bounties and airdrops are the only option usually left for crypto projects to create awareness.I believe we will always have bountiesSimply put,bounty is crypto advertising
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Bitcoin is amazing but seem to be lagging behind in terms of further development. Two areas i think there should be improvement in bitcoins are speed of transactions and transaction fees.Until we have a near instantaneous transfer at near zero fee,bitcoin will not have much acceptance by merchants
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I think the answer to your question lies with the choice of bounty.If you chose to participate in shitty project or scam project,you are likely to get shitty results.The project never reaches softcap as investors are becoming weary of ICOs and you would have wasted your time.I great project comes with great rewards.If i am to participate in any bounty,i spend my time doing some background checks.I once saw a project where the team wanted to hold back 20 percent of ICO proceeds to themselves even on the white paper,investor never showed up to such term and such project will likely fail
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bitcoin is great and is primed to change the way we do things in the future.But it is notoriously volatile and i do not think it is a great idea for someone to place alll their future on bitcoin or anything else as a matter of wisdom(that include governments).It is better to have a diversified portfolio spread across various assets class paper,real estate.cryptocurrencies,precious metals,bonds,retirement plans.That way you spread your risk and are immune to adverse effect caused by the crash of any of the classes
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That is a million dollar question and honestly i do not think anyone has the right answer to the question.Bitcoin may eventually hit 100,000 USD someday.It is also possible the price falls to 2000 USD anytime without warning,no one cant say for sure how the price will go.Too many variables.Do not invest more than you are willing to let go and do your own research
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The quality of work and frequency are the determinant in terms of your earnings on bounties.As a rule of the thumb,the more difficult a task is,the better the pay.That is why articles and signature campaigns pay more than just facebook and twitter retweets.Yes, bountyhive is a great nowplatform,i have been with the for a few months
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Eventually Ethereum will be the number one cryptocurrency by market capitalization. There are a lot of projects that are based on the ethereum platform.Almost every new ICO is based on Ethereum. Ethereum has more useful applications .Bitcoin is principally used as a store of value,its current position as the number one is purely on sentimental attachments,not necessarily because of its efficiency.
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That may be a problem if you are in a country with restrictions on bitcoins exchange.There are local exchanges in different countries that can convert bitcoins directly to your local currency,you have to add your bank details.See the one for you country.Luno is what i use for example when i need fiat.
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