The distinction is that the record is freely accessible to all individuals in the framework, making it difficult to adjust records without being recognized. This implies individuals can assume that money related records are totally exact without relying on a reliable outsider like a bank, a legislature or an application to affirm it.
Yes, it's very transparent and reliable. Several countries have their "transparency portals", where people access the records of their public administrations online. It's good and useful, but a system like Blockchain would bring much more reliability and transparency to the citizens. I also like the idea because an adoption like that would cut worthless expenses on the public administrations. Less employees would be needed, so more money could be used for what really matters and isn't having enough budget at this time because there isn't enough money to sustain a heavy payroll and to attend the basic sectors of society at same time. If the government apply blockchain for infrastructure development, I'm pretty sure that it will get rid of the corruption since it's transparent, as people have known for a long time that infrastructure development which takes up majority of the country's budget often being used as a tool for corruption but blockchain with its transparent open ledger will simply stop it, public will know where the funds are moving, so that there's basically no chance for people to go corupt, I must say that such thing will help improve country a lot! |
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Last time when I see market is heavily pumped and dumped, people are complaining that this kind of volatility will make bitcoin lacking the adoption in the real world and now when the price is quite stable, people are complaining that the price has become stagnant, well cryptocurrency is a really interesting thing isn't it?.
So many people are predicting that the price will go up at Q4 of this year, so OP, you need to he more patience, although this kind of prediction has a big chance of being wrong, well atleast, that's what the signal pattern says, maybe it will become self fulfilling propecy.
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Well I quite disagree with your saying that all these altcoins are at infant stage mainly because their prices heavily rely on bitcoin prices while bitcoin building up its price from zero to thousand dollars so it's basically looks the same but actually different but
in reality, people have seen bitcoin as the only true cryptocurrency just like gold, the altcoin will be trusted just when people educated enough to see that there's also underlying potensial in many altcoins.
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they just give the ICO only rating based on what is shown on the outside only. whether the result is unlike anything they would not know about it. so I guess the rating as it will not be a guarantee for the ICO can succeed. better believe it and analyze its own course because it will further add to the experience.
Even some ICO rating site just give good rating to any ICO that pay them well to advertise their ICO into their website so yeah it's pretty much a reviewing media that has really low credibility because the money involved into this one. THere might be plenty of them that is still "fine" out there but Im not risking it, majority of them are exist for money grab by offering their website to ICO developer, I would prefer analyze it myself so that I can 100% sure. |
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That is the risk of being decentralized since everyone else can pretty much deploy their own coin, but hey, there are also few hundred thousands stock out there or even million, some of them are simply money grab and scam without a promising future so it's basically the same.
It's just the investor that need to be a "little" smarter so that they don't get their money invested to crappy coin and choose better one, just like natural law of selection, if people are dumb enough then congratulation they are eliminated.
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Ethereum's competitor in this situation is NEO.This is a Chinese blockchain that will soon reach a new level in its characteristics.Recently, I pay attention to all ICO launched by China.In fact, they are very promising
How about the regulation in China regarding ICO though? I heard many news mentioning that ICO is completely illegal in china because the possibility of an ICO to turns out to be fraud is high enough to make the chinese government stop all kinds of ICO in order to save the money of their citizens going abroad? If that true that Chinese people still held an ICO through NEO, that kinda sounds a little weird to me, like breaking the regulation. |
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No such thing as staying long on USD when the bearish market occur, instead, you are going to buy BTC with that USD and will ended up being bitcoin bagholder aswell. So basically, holding BTC, you need patience and wait until the market turns bullish and finally you can sell it,
holding USD you will need to buy BTC in order to make profit, also what's the point of holding USD tho? if you want to make decent profit.
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Imo, KYC should not be involved in ICO as well. I know it was required by regulation, but it certainly render the "decentralized crowdfunding" meaningless.
There is one upside tho, KYC can limit the investment amount of every participants, thus give everyone equal opportunity to invest.
That's the problem here, the ICO starter want to know where their client's fund coming from and know who is their client but the client by doing KYC also imposing themselves to the risk that their credential data might be sold everywhere maybe in the darknet. I see some of ICO that do this, they are requiring people to submit their Gov ID and then the ICO turns out to be a scam, they are not announcing that the datas they got will be sold anywhere else but I'm pretty sure that they will since it's also an easy money. Maybe we really need a platform that's verified by government to connect us into various ICO so that we will be fine. |
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Crypto market is for everyone. As long as you have the passion, you can join. There are lots of information about crypto and trading in this forum and online, you can always learn about it.
I also consider all this a natural cycle of money in the life of society. The market is good because everybody can come to it and make money or lose them. Only the most intelligent and strong person always survives. If that's the case, then I can say that all those uneducated people who joins to cryptocurrency world without a "proper education" will only feed themselves to whale? Well if that so then it's really a bad thing to make them join this world. Just so you know, cryptocurrency is not a ponzi, it's like any other currency, what makes it looks like that is those speculator or can be said trader, even they turn stock market that way too. |
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 I think any perfect coins could takeover Bitcoin. Such as, ETH may conceivably be the best crypto one day. It’s certainly not out of the realm of possibility. Another thing to consider is that ETH has the charismatic and prodigal Vitalik Buterin as its face and leader. He may prove yet to be an incredible steward for his project.
can't agree more, vitalik has proven to be a good developer for ETH and always trying to give solution for every ETH problem so he's certainly good enough to be a figure of ETH or having considered as an important role. However, that alone is not enough to take over bitcoin, for that you need to change people mindset of what will they think first when hearing the word cryptocurrency, because so many people out there always think about bitcoin when they heard word cryptocurrency.
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It is one of the most asked questions in the forum. From my point of view I want a system where everyone from around the world can trade and exchange with out any barrier. And it is crypto currency.
the fact that bitcoin is decentralized, no authority behind it is surely making it limitless for transferring money abroad, even if in a huge amount of money, the transaction is irreversible and the distance doesn't matter unlike any of those traditional banking system If it's used for people who really need money transfer, it's really helpful, I'm myself have used bitcoin to transfer money to my relative and manymore and it's really convenient way, the only barrier is the volatility. |
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You may think that by putting funds into Bitcoin will save you from faster fall of Alts, but when the trend turns, the Alts will also rise faster and more! So what younare doing is just paying a lot of fees for trades  . But tether never goes up  I always put my funds on tether whenever tha trend becomes bearish. Saving up your funds in form of tether is a another thing though, by owning tether is the same as owning dollar because the currency itself backed by dollar in ratio of 1:1 so can't consider it "saved in alts" Actually, converting alt to bitcoin is just the same thing, so many altcoins right now are tied to the price of btc always following whether it's pumped and dumped, so yeah, pretty much useless. |
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I think cryptowill bring more benifit ,,, cause every one have join in crypto world they change there future,, i think this crypto will help you in the future and it cjange ou future to that they give big benefit to us!!
Which future? crypto if being used as a speculation tool widely will only bring disaster, a little amount of people won the pump and dump game and the rest is losing money, if you talks about the blockchain system that benefits so many people right, maybe it's true. but as a means of earning money, nah that's not right, just see how much people goes broke after the latest bitcoin ATH, that itself explains a lot |
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I think it is risky project. Because price manipulating are occurs with this project. This is not a character of good coin. Thats why i chose bitcoin for investment. Because bitcoin is less risky than other coins.
Yeah, it's centralized cryptocurrency, don't expect anything good from those bankster, the developer itself have full control of the coin, and transaction can be reversed, I honestly better go to stock market than buying ripple. Except, those people who seem to really love bankster so much that they put their money near the bankster LOL. For me, nah, I don't want to do that. |
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In my opinion , ETH is now more hot than BTC because the explosion of ICOs base on ETH Blockchain. During the recent dip, ETH price even a little come up, all altcoins and BTC holders lose funds but ETH holders still have profit. So i think that ETH will reach BTC price this year. What do you think guys?
Bitcoin is now too much negative news and Ethereum is very superior because they always hold the price and its news is always positive. indeed bitcoin lost prestige for now but for the price, I think ethereum may not exceed the price of Bitcoin because Bitcoin is the parent of all altcoin. Well, the price of ETH seems to be tied heavily to bitcoin, whenever bitcoin got pumped or dumped eth will have the same price movement so ETH is independent to bitcoin or always hold its price is not entirely true. However the chance for ETH to takeover bitcoin's position is quite high, for example, ETH is more popular than bitcoin in China, that alone explains why ETH have a really high chance of replacing BTC. |
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Better not, if they are too uneducated that actually has the same knowledge as ancient cavemen, maybe they can finally operate computer, sending cryptocurrency here and there, but what if someone is trying to take advantage of them?
It's kinda risky, also this kind of people tend to go all in without caring about the risk, the result, maybe they can become rich, but the odd of becoming poor is higher.
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Everyone knows that NEO cryptocurrency is very often called the Chinese Etherеum, and it's not for nothing, because these two sites provide very similar functionality for their users. At the moment, about 80% of all created projects and projects conducted by ICO are working on Ethereum. But, soon this picture should change, because there are platforms that can create the Ether a worthy competition. And this is NEO.
Then what's the use of that competition? it's totally worthless if just one "Ethereum" can only be enough without the need of other platform, let alone ETH, NEO in the other side is called Chinese Ethereum because it's basically works the same way. The competition that could exist because of this is totally worthless, rest assured, the competition will only make the price of each coin decrease while we can go to the moon with just 1 platform |
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if ant governments would issue a coin than it would go mainstream really quick because it will give so much confidence to people as they will go after it immediately, the drawbacks are it can weaken their own currency.
But it's decentralized and quite opposite to what we have right now which is a decentarlized economic so people who would go for it are those who just trying to make profit off an investment. i'm not being pathetic by saying that this is a bad thing but if it could make me profit I would go in too. But however, if the government that issue the coin are those comes from 3rd world country or even top 10 poorest country, no way I would go to invest to it because the chance is just too slim. |
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Lets be real, monero is known for its untraceable transaction so that's why it's being used widely in the darknet as a replacement for BTC, so it means that monero is already tested to be a really privacy-focused cryptocurrency.
The other is not really that good and also the market capitalization is far below monero so the risk of being really volatile is there if you are trying to use these altcoins for sending money purpose.
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Altcoin’s price still depends on BTC I think that it will be no longer so influencing. Because BTC is losing it’s positions
Losing it's position to whom? BTC will always be the first crypto coin and, while it has some flaws, it'll stay at the top until this block chain tech becomes obsolete. Bitcoin is kind of losing positions within the hype ranking, not the actual ranking in itself. I think that's what he is trying to state. We clearly can feel that the dominance of BTC is decreasing overtime, but the market also gaining its capital to even more various alt coins which make even 30% dominance is a huge thing!. I think that BTC will keep on being #1 position in a cryptocurrency ranking with highest market capitalisation. Just for another decades bitcoin have the chance to be replaced by something else but for now, I don't think so. |
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