US-Japan-Korea cryptocurrency trade volume 1-2-3 in the world Coin Telegraph reported on the 1st (local time) that the trading volume of the US, Japan and Korea Cryptocurrency Exchange is ranked 1st, 2nd and 3rd in the world. According to The Block, a cryptocurrency market research firm, the volume of major cryptocurrency exchanges in the world as of the first half of 2019 showed that the United States (24.5%), Japan (10%), Korea (6.5%), and Indonesia (4.5%). Investigated. In terms of interest by population, Singapore, Korea, and Switzerland were in order. The report said, “The top five countries account for half of the total trade volume.” Cryptocurrency is traded more in rich countries like fiat currency. China, which is difficult to obtain accurate data, was excluded from the ranking. Welcome to Korean satoshi nakamoto! The place to talk about trading strategies, news and technical analysis in cryptocurrency! Thank You https://t.me/Koreansatoshinakamoto  Well, Asia is typically quite open to new tech, so it doesn't surprise me that Japan and Korea are up there with the US. Money attracts money, and having a lot of it leads to working with it more freely, and making even more of it. The same rule applies to fiat or crypto. Meanwhile, in my country, there are only crickets in the crypto market. You can probably count the people who have ever owned any cryptocurrency on the fingers of a single hand. |
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Sure, some claim that the altcoin season is about to come, others predict the death of most altcoins, and the third group has its own claims. Nobody knows anything for sure. Altcoins follow Bitcoin, and Bitcoin price does what it wants. That's about the gist of it. |
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That is very interesting, but something has always bugged me about Satoshi — how can a single person, no matter their skill and knowledge — be so anonymous so completely? Everyone has been hunting him down for over a decade, and yet no one has the answer to the question of who he is. Nothing on the internet is ever lost or destroyed completely, right? So how did he pull it off?
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What do you think these other things could be?
I generally assume he was moving on to battle an illness, and that he lost the battle and died. Yup, that is pretty much the most common theory. After all, who among us can have billions in a wallet and not move a single coin for years and years? If he did not die along the way, the he certainly has the willpower of a god. |
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Think it's 50/50. What about you?
Honestly, I don't expect much from altcoins anymore. They are all affected by BTC, so might as well invest in Bitcoin directly. Until a coin truly and permanently decouples from BTC, it will simply follow the lead with lesser price performance. |
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It's a good thing overall, at least when it comes to raising awareness. Also, if Starbucks starts accepting crypto, maybe others will follow, so good for adoption too. Small steps will lead us there. |
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You could argue that the race has been on since the first altcoin was made, but ultimately, it's an effort to find the best available option. So far, BTC is in the lead, yes. It will likely remain for a long time, too. |
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According to the cryptocrunch: https://cryptocrunchapp.com/news/bitcoin-officially-included-in-french-high-school-syllabus/Bitcoin cryptocurrency education will be implemented to French High School Syllabus. It is a new way to introduce money to students. They are focusing on four Video questions: 1. Can bitcoin be a replacement to Euro? 2. Is bitcoin the currency of the future? 3. Is bitcoin is a currency like others? 4. Do you have to trust your currency? Regarding this, it would be a good start to educate students about money and trust. What's your opinion about this? Should cryptocurrency as a whole and blockchain be in schools curriculum? I think it's a good idea to introduce cryptocurrency to new generations through school, but more importantly — I'm glad to see that students are actually being taught about money. Most educational systems tend to avoid the topic and teach useless stuff that you can google in 2 minutes at any time, but not about the most important aspects of life, like business, money, taxes, etc. Teaching about crypto is a good step on many levels, I think. |
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Yeap, look at it slowly and clearly. Co-Founder of Bitcoin, ladies and gentlement. And yes, the Tweet date was December 2018, but this has only gained exposure recently. Scammers really have no shame. The entire community is calling this guy out after what happened in Vegas. I just hope that this one won't be as persistent as Wright. |
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I know that some will be arguing that what China is cooking right now is not actually a real cryptocurrency due to its centralized and state-controlled nature. But what the heck, China is the next world superpower and it is seeing the vision of using cryptocurrency to further its entrenched economic position all the world.
I am seeing a great potential of this coming state cryptocurrency to be utilized in transacting business with China or in eCommerce department, and this is a huge potential. Jack Ma must already be thinking something how to exploit this great opportunity.
Are you seeing what I describe here? China is conquering the globe without using any sword...
China's cryptocurrency will definitely bring more awareness and show that using crypto is okay. However, yeah, that PARTICULAR cryptocurrency won't be even close to what crypto is and should be. |
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We have forgotten one of the preferred altcoin which is similar to Ripple otr know as decentralized version of Ripple. Stellar almost touch $1 during it's peak and again it was under $0.1 for most of the year due to bearish market and I have a strong feeling that it will again make upto $1 if things go well and looking at last three days statistic it has already showing signs of growth and back to 10th rank replacing TRON.
This may be way too early to predict but this is not a prediction it's just my thoughts.
XRP took the spotlight because of its partnerships with banks, but XLM is definitely a people-friendly coin. It did drop on the list a bit, however, and it is relatively quiet lately, I did not run across much stellar news. Hopefully it gets the attention it needs in 2020 and beyond. |
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Binance has seen some crazy development in 2019. It must be its best year yet. Of course, that doesn't say much since it is only 2 years old, but still. |
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Reference: https://www.forbes.com/sites/billybambrough/2019/10/31/forget-the-halvingcould-this-be-what-sends-bitcoin-soaring-next-year/#2ede27653062Here are the list of hot news for the past weeks that might impact the bitcoin's market price, volume and adoption. 1. Bitcoin Halving in 2020 2. Implementation of bitcoin to the largest coffee shop (Starbucks) 3. Bitcoin Vs Gold (I do not include Libra since it don't have direct impact on bitcoin) In my opinion, through this news about bitcoin, we don't have any reason to leave, or take our money out of the market. What we need is to be prepared for bitcoins market price that will surely soar high any time soon. We should believe that: there's no impossible market price that bitcoin cannot achieve. there's no way government or other party can turn bitcoin down. nothing can stop bitcoin to help those in needs bitcoin can be the solution to poor economy bitcoin will unite the world and make it as one This might be too pro bitcoin post again. But I know I am doing my best to help bitcoin and crypto in my way. should you have any opinions about it, post it below. Bitcoin halving events in the past have led to some of the biggest price surges in the coin's history. Well, apart from the one in 2017, that was pure hype. The point is, not a lot of people are going to forget about it. It is an important event, after all. Just think how much it matters to miners, and you'll understand what i mean. |
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We are now bound with the unstoppable development of our financial system. We are then before bound to the banks that holds our funds and finances. The emerging technology of blockchain and the creation of bitcoin set us free from all the restrictions that we had from these third parties. Here are some advantages of banks according to Difu Wu(2014): 1. good Liquidity 2. secure place to deposit money 3. gaining interest on deposits 4. allows us to gain loans and investments reference: https://www.quora.com/What-are-the-advantages-and-disadvantages-of-the-banking-systemFrom this, we can see that bitcoin smashed these advantages on how we benefit from its capabilities: 1. Irreversible Transactions 2. Paper no More 3. Volatility (Provides huge profit from investments) 4. Fast Transactions (Anytime and Anywhere) reference: https://bitcoin.co.th/benefits-of-bitcoin/And here's my own view on how bitcoin impacts on me: 1. My funds are much more secured and easily accessible 2. I can send money if I want it anonymous (Through mixers) 3. Multiple source of assets (Trading and freelance works) 4. Bitcoin is an eye opener on the world's future 5. Bitcoin is the future There are some cases that most of the people don't see the goodness that bitcoin brings, and on our nature, we feel the urge to educate them and teach them about it. But most of the time, spoon feeding the information to those who's mind is close will not bring any good to bitcoin. There is one thing they need to understand even if we don't tell them to, if they don't like bitcoin, then don't like the future. If you have more experience where bitcoin impacts you positively, you are free to share it on the comments below. It's important to remember that Bitcoin is a currency, a tool to be used instead of money, but not much more. The real change will come from blockchain implementation. It remains questionable whether or not BTC will remain a currency at all. Many think that it will become a store of value, a new gold, if you will. |
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Hello there fellas,
I'm going to discuss something that keeps making me nervous. I'm that kind of a person who likes the decentralization, the privacy, the freedom and the equality in the financial world. It comes to my mind that these exchangers might someday be selfish, crypto is getting worthy and it will bring the eyes of the greedy peoples. Imagine that these exchangers grabs the trust of the peoples and then they start manipulating the market. The total volume in the exchangers is not stabe and peoples will never withdraw all their funds. Let's say that the amount of the holdings that an exchange have is 1000 btc, they could easily create sell walls of 1500 btc and peoples will buy because they trust these exchangers. What will happen then? Imagine that all the exchangers do this, what's your thoughts on this fact?.
You hardly have to wait for 'someday' to see this, I'm convinced that they are doing so already, and that they have been doing it for a long while now. Some of them got busted, others are subtle enough, but they are doing it alright. |
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yes the fact is like that, in this crypto industry there is no full guarantee for you. Even in traditional investment, nothing guarantees you profit. There will be no certainty in future income, and if a project claims their tokens will become more and more expensive over time, it is very likely that they are lying. Of course, that does not mean that they are wrong, however, ensuring that everyone in the inevitable benefit is not responsible, to say the least. If you see a project that claims that your profits will grow tenfold in just six months, it's far more likely to be a good old Ponzi scheme than it really is, as seen in BitConnect.
So, no matter how this promise actually looks, if you see that the project offers you sky-high profits for literally no effort, it probably means that they want to make that profit out of you.
Projects that focus on money (rather than tech and solving some real-world problem) to attract investors are scams by default in my eyes. It's the first and most obvious red flag. With thousands of coins out there, no sensible developer would dare claim that their coin will see a price increase. They can hope it will, sure. They should, their project's future may very well depend on it. But to openly claim it — nah, I'm not buying it. |
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The boom of ICO's is over. This year we saw some IEO's but basically it was the same, just with changed name, to avoid some restrictions that were implemented in order to block scammy ICO's. A lot of investors lost astronomical amount of money during that ICO's boom. Now days everyone became skeptical about ICO's IEO's and crypto investments in general. So here are some questions.
1. Will you still invest in ICO or IEO if there is an interesting project ?
2. Will you invest in a new ready coin (Not a fork) ? If yes which one do you prefer.
A. Coin with POW algorithm (Mining equipment or pool needed)
B. Coin with POS algorithm (Mining equipment not required. Computer with running wallet is enough.)
C. Coin with POS algorithm based on fixed block reward
D. Coin with POS algorithm based on a percentage reward.
P.S. I excluded masternode coins, because most of them are scams.
VOTING POLL ADDED IN THE HEADER OF TOPIC !
To be perfectly honest, I have seen only a handful of ICOs that even look legit these days. It seems that all the most incompetent scammers are dominating the ICO scam sector, unable to even make a proper scam. But, a few projects did seem decent and real at first glance, so I would invest in those, if not for a really bad economy in my country which barely leaves me with enough money to survive the month. |
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So I'm pretty convinced that we'll see a mega bull run next year due to the BTC halving. There's probably a LOT of wealthy people looking to invest, if the price starts to skyrocket again, but as we've seen in the past, these people are all about privacy. Remember the Panama leakage a few years back? https://www.bbc.com/news/live/business-35944255/page/2Wealthy people is likely to hide a ton of money in crypto, and while you could argue that most of them would hold privacy coins like XMR, there's also a fear that these will be illegal, and delisted/removed from centralized exchanges eventually. This got me thinking, that perhaps decentralized exchanges where nobody can follow your trading history will get HUGE demand. So perhaps it's not a bad idea to look into projects like Blocknet for the next bull run? If these DEX's takes off, the coin itself will be highly sought after. Thoughts? This might be the case, but it is also worth noting that DEXes need a lot more work in order to be nearly as good as centralized exchanges. It is unfortunate, but it is true — just like cryptos, DEXes are far from reaching their full potential. Maybe their development speeds up if there is demand, but i think not. I think that they simply need time, since developers have problems that need figuring out, not just applying the fix. |
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We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.
It will probably launch Bitcoin briefly, but if the price is really being manipulated by the whales, they will knock it down soon enough. However, such a thing would likely annihilate the altcoin market, and damage a lot of people along the way. I don't think it is a permanent solution for BTC price, and it might destroy the crypto industry. |
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Bitcoin, the OG cryptocurrency, turns 11 on 31 October. Over the past decade (and a bit), Bitcoin has inspired the advent of an entirely new industry based on the concept of decentralization. For its most fierce supporters, Bitcoin signals salvation – a way of beating the centralized financial systems and garnering freedom. A lot has happened over the last 11 years, so let’s break things down year by year and take a look at the rise of this incredible technology. https://www.youtube.com/watch?v=s4g1XFU8Gto2008On 31 October 2008, Satoshi Nakamoto released a whitepaper titled Bitcoin: A Peer-to-Peer Electronic Cash System. The paper detailed modes of using a peer-to-peer network (a blockchain), to form a cryptocurrency that functioned outside of the boundaries of a central bank or authority. The paper was largely in response to the financial crisis that had occurred earlier in the same year, a recession which rocked the global financial markets. 20093 January 2009 saw the formation of the Bitcoin blockchain, when Satoshi Nakamoto mined the genesis block of Bitcoin (block 0), which had a reward of 50 BTC. The following text was embedded in the coinbase of this block: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” Many people believe that this text refers to a headline that was published in The Times on 3 January 2009. It’s believed to act both as a timestamp of the genesis date, and a comment on the instability that was caused by fractional-reserve banking and, therefore, the global recession. SourceForge hosted the first open source Bitcoin client, which was released on 9 January 2009. On 12 January 2009, Hal Finney (one of Bitcoin’s earliest supporters) received 10 BTC from Satoshi Nakamoto in the world’s first Bitcoin transaction. 2010A major vulnerability in the protocol of the Bitcoin network was spotted on 6 August 2010. Transactions were not being properly verified before they were included in the blockchain, allowing users to essentially bypass the network’s supply restrictions of 21 million and create an infinite number of Bitcoins. This vulnerability came to a head when a hacker generated 184 billion Bitcoins, which they then sent to 2 addresses on the network. This was spotted within a number of hours, and the transaction was erased from the transaction log after the bug was fixed. 2011The Electronic Frontier Foundation began accepting BTC in January 2011, but shut down the program in June 2011 when concerns around the lack of legal precedent for new currency systems emerged. The EFF resumed accepting Bitcoin in May 2013. June 2011 also saw whistle-blowing site WikiLeaks begin accepting BTC, as a way for supporters to make anonymous donations. 2012September 2012 signalled the launch of the Bitcoin Foundation, which was intended to “accelerate the global growth of Bitcoin through standardization, protection, and promotion of the open source protocol”. In October 2012, it was reported by BitPay that more than 1000 merchants had started accepting Bitcoin as a payment processing service. In November, WordPress joined them. 2013In April 2013, Mt. Gox and BitInstant reported processing delays due to insufficient capacity. This resulted in the Bitcoin exchange rate dropping from $266 to $76 to $160 in the space of only 6 hours. In October 2013, roughly 26,000 BTC were seized from the website Silk Road by the FBI during the arrest of its alleged owner, Ross William Ulbricht. 29 October saw two companies, Robocoin and Bitcoiniacs, launch the world’s first Bitcoin ATM in Vancouver, Canada. 2014Early February saw Mt Gox, one of the largest Bitcoin exchanges at the time, suspend withdrawals citing technical issues. By the end of the month it had filed for bankruptcy protection, during reports that 850,000 BTC had been stolen during a hack of the exchange. In June 2014, Bitcoin’s hashrate exceeded 100,000 tera hashes per second for the first time. Microsoft began accepting Bitcoin for Xbox and Windows software purchases in December 2014. https://www.youtube.com/watch?v=SfiiF1zHWU42015Less than a year after the Mt. Gox fiasco, UK-based exchange Bitstamp declared that they would go offline to investigate a hack which resulted in roughly 19,000 BTC being stolen from their hot wallet. They remained offline for several days, before coming back with increased security measures. February 2015 saw the number of merchants accepting Bitcoin exceed a whopping 100,000. 2016In January 2016, Bitcoin’s hash rate exceeded 1,000,000 tera hashes per second. March 2016 saw the Cabinet of Japan recognize digital assets like Bitcoin as having a similar function to fiat currency, and Bidorbuy, South Africa’s largest online marketplace, launched Bitcoin payments for buyers and sellers. From March 2015 to September 2016, the number of Bitcoin ATMs doubled over the course of only 18 months. The 2016 halvening, saw miner’s reward for validating transactions halve, and heralded the arrival of 2017’s epic and record-breaking bull run. 20172017 was quite the year for Bitcoin. It continued gaining legitimacy among lawmakers and financial companies, with Japan and Russia both passing laws that legitimized cryptocurrencies existence in the mainstream. Bitcoin also underwent a hard fork on 1 August, splitting in Bitcoin (BTC), and Bitcoin Cash (BCH). 2017 saw the culmination of a historic Bitcoin bull run, when Bitcoin’s price reached an all time high of $20,089 USD, according to CoinMarketCap. 2018On 22 January 2018, South Korea introduced regulations requiring Bitcoin traders to disclose their identities, effectively implementing a ban on anonymous Bitcoin trading. 2018 was a bit of a rough year for Bitcoin , and cryptocurrencies in general, as the market plunged from the great highs of December 2017. 2019So here we are today: Bitcoin has made a solid recovery from it’s dismal 2018, and many analysts expect a bull run in the near future. Bitcoin has connected people and communities in a way that no technology has before. Bitcoin is the pioneer behind blockchain, that is helping build a more decentralized and fairer future. Ultimately, Bitcoin is a tool for freedom – and it’s not going anywhere. Happy Birthday Bitcoin – you’ve been good to us! https://www.etoro.com/blog/market-insights/happy-birthday-bitcoin/I get where you are coming from, but this is more of a day when people found out about it, and not when it was born. It was born when the genesis block was mined. October 31st would be an equivalent of finding out that you're pregnant. |
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