 Show Posts
|
|
Pages: [1]
|
|
how they happen and how you need to pay attention to safeguard yourself against them.
The Computer Science saw a different phase when cryptography mechanism was introduced with Bitcoin. With this big of a change, threats of fraud increased, to safeguard from these malicious activity is extremely important. Startups without blockchain should not be trusted at all. Before committing to any company, their credentials should be reviewed.
There are many fake ICOs that can scam people easily. The best way is to do research before being affiliated to that exchange. Another way is to send an email and ask about the exchange to be cautious. Phishing is another way to scam people, by asking their details and asking them to invest their Bitcoin or any other cryptocurrency. Fake Airdrops and Punycode are most common tricks.
There are many unregulated brokers that can lure clients in lower prices and trading products and fast returns. So, one needs to be vigilant. The automated trading systems are not scams but they will take any opportunity to earn profits. Exchanges will charge an unfair amount to withdraw, the best way to avoid is to already be aware of exchanges price differences.
Fake emails look so authentic but at the end they are still fake. Check every bit of information before acting upon it. Many companies copy and paste some other company’s whitepaper, rather than having an original idea of their own.
Most exchanges use fake information for their team members. To be careful one must look for incomplete or inconsistent information and odd details.Inconsistent texts or details on any part of the website is also a red flag. One should read and proofread to be sure.
People should run scans to look for any Bitcoin miner or bot in the system. Companies will do anything for money, to ensure safety and security right websites should be used. There is a lot of responsibility one needs to practice in order to be careful.
|
|
|
|
|
Globalization is the biggest milestone modern society has achieved in the 21st century. Along with it businesses have grown and set themselves up in every corner of the world. This requires the introduction of new techniques in the growing demand for goods and services, like different methods of payments available that are secure and versatile. This also calls for integration of cryptocurrency in the businesses. The market for cryptocurrency investment, integration and development is new and small, it is still in its early stages of growth. The application of cryptocurrency in businesses will open new doors.
The setting up of cryptocurrency payment medium is the first and foremost step in the integration process, as it requires ample amount of time compared to other methods of payments. Businesses have developed their own crypto wallets to carry transactions in a safe and easy way. There are cryptocurrency exchange markets that work as an intermediary in the process and will charge for the utilization of crypto wallets. Various methods of payments will give customers options to choose from on their own comfort.
Cryptocurrencies and its many payment options will attract international customers. Cryptocurrencies approachable payment will enhance the adjustment and appointment for the businesses. The digital currency’s fluctuation might become a minor hindrance as the consequence of the integration, but it will minimize fraud risks.
Cryptocurrency is for sure a very attractive and interesting advancement in the new century. Businesses need to closely look at the pros and cons of integrating once and for all in their plan, also planning the outcome of such a step. Positive results will be a sign to go for it without thinking much. Various payment methods and the fiat currency’s exchange will make it all worthwhile.
|
|
|
|
a few years until now besides holding bitcoin in the long run I already have 6 types of altcoin in my big bag, whatever it is about the prohibition from the government or from any country I still try to hold this, because I know everything takes time and the process cannot be us the government's insistence on accepting crypto currencies can be the second payment transaction tool of fiat currency, but that is my hope in the future with the ease of making transactions, at least the economy will smoothly not be hampered by making crypto currency the second payment tool of fiat currency this, goes hand in hand where banks can also use blokchain technology without having to have competition with the crypto community
We cannot overlook the reason why cryptocurrency is not made the second method of payment otherwise many countries would have already made this step and wouldn't have banned the use of crypto coins, is because of all the scandals regarding it. And cryptoworld was introduced because to remove the bank, the middle man who gathers extra money, to save from it. Whereas competition is seen, this world is full of it. Without competition innovation and creativity can never take place it tests the limits and introduces new ideas every day, so a healthy competition is what we need to invent new ideas and develop the crypto world. |
|
|
|
some of the points that I took from your explanation, it is very agree. but some others, I still doubt. as
- crypto will be used in the future. for payment etc. Yes, I agree. but not with crypto now. some countries have absorbed bitcoin technology. they only take the blockchain to make / move the currency. look at China, they took the blockchain to convert their currency into the blockchain system. Russia, has overtaken it. they are developing their own currencies into the blockchain system. so, what is the current state of crypto decentralization. might be good. but in the future, I'm not sure altcoin will survive. while bitcoin, i just thought it would be a commodity. not the main payment.
Okay from this I get that countries are integrating blockchain technology itself in their currencies, but then I think that make those currencies Altcoins now! Holding money in your accounts or in cash itself is a commodity as well as method of payment now. Having money tells about the kind of status the person has like any other possession they hold. |
|
|
|
There is a lot to tackle in this OP.
Cryptocurrencies is a general term and while it includes Bitcoin can in
some circumstances exclude Bitcoin, depending on who is using it.
While we know the benefits of lets say Bitcoin and crypto in general
and while some countries are presently recognising it and more to
follow possibly this year, notably in Europe, Governments will not use it
because they cannot control it.
Governments will be using their own controlled cryptocurrencies but this a way
off in the future.
Altcoins have uses but it depends on what they are, the development
and how they have been adopted.
There are hundreds of alt's but a few handfulls of sucessfull ones.
Well sone alts probably will have their time of getting a decent value. Well alts that does have value today, those that are in the top 10 or top 15, are a good investing prospect. I do hold crypto aside from btc. Trx, btt and recently i bought a bag of ripple. Looking at the short term, these coins may not be that attractive to crypto investors but their projects makes me think they'll have a good decent future. I agree here because Altcoins also have their own value and name they have made after Bitcoin. |
|
|
|
Individuals are still practicing old traditional ways of transactions to accomplish the money stream. However, Cryptocurrency Era has arrived and people aren’t aware of it. If we see this era with future perspective, different industries and businesses will switch towards cryptocurrencies to pay for their services. With this, the middleman will be completely removed from many progressions. This progress will cut down costs and will offer cheaper services for the end user.
Cryptocurrencies will influence the future, as the protocols are getting tighter. Countries like the United States, United Kingdom and Australia have accepted cryptocurrencies. Many countries will be accepting cryptocurrencies in the near future. IoT is already here.
Crypto world will emerge into the ultimate trading option as more cryptocurrencies will be introduced. The trading will take place between all these different currencies once the prices of crypto increase. One of the most demanded features is the fast transactions, which will take place with the advancement of technology, with this downloading and transfer will happen within seconds. Games, books, videos and music will be combined in a blockchain and sent through crypto wallets, with the high speed feature. The most influential crypto coins are here to stay but it won’t halt the birth of other crypto coins, it will increase with time.
Cryptocurrency schemes are on a growing phase. On predicting cryptocurrencies future, features like the grand crypto bull market will continue. As with fast-track, every day it effect extensive implementations.
As soon as they are broadly approved, will become the next version of the technology in all regions. Crypto will easily be converted into currencies and vice versa. Cryptocurrency Development Services have emerged in recent times for the betterment of investors who would like to create a foundation.
According to some sources, cryptocurrencies will fall down while experiencing fluctuations, which is making the traders and the holders worry. But as per the market experts, this is just a matter of time.
Bitcoin is still very much used and adopted all around the world to this day. It has been accepted by organizations and payment gateways all across the world. So what about Altcoins? Are they worthy to buy in future? To predict the future is very hard. In the cryptocurrency world, prices are very volatile. Dealing with the issues of transparency and scalability problem, might effect cryptocurrencies in the future.
Being so authentic, businesses are all about risk and achievement. Before investing in Cryptocurrencies, we have to be rationally prepared about every loss and gain. Without any doubts, this world is touching the sky of high tech and everything will be digital very soon. I personally more in financing on cryptocurrencies. In the beginning, we already know that cryptocurrency is created as a digital currency that can convert real money and make it profitable. In the previous year, the bitcoin does not take a good market value, but by the time goes by, the price increase year by year, and this is a good sign of market value. But only people see the potential of this coin, and now this is the most profitable coin. The market price of this coin depends on the people who trade and use this coin. If the cost of the bitcoin and the altcoin goes down, many people will hold their money to avoid loss of income, but this kind of action will affect the market price. Very True. |
|
|
|
Individuals are still practicing old traditional ways of transactions to accomplish the money stream. However, Cryptocurrency Era has arrived and people aren’t aware of it. If we see this era with future perspective, different industries and businesses will switch towards cryptocurrencies to pay for their services. With this, the middleman will be completely removed from many progressions. This progress will cut down costs and will offer cheaper services for the end user.
Cryptocurrencies will influence the future, as the protocols are getting tighter. Countries like the United States, United Kingdom and Australia have accepted cryptocurrencies. Many countries will be accepting cryptocurrencies in the near future. IoT is already here.
Crypto world will emerge into the ultimate trading option as more cryptocurrencies will be introduced. The trading will take place between all these different currencies once the prices of crypto increase. One of the most demanded features is the fast transactions, which will take place with the advancement of technology, with this downloading and transfer will happen within seconds. Games, books, videos and music will be combined in a blockchain and sent through crypto wallets, with the high speed feature. The most influential crypto coins are here to stay but it won’t halt the birth of other crypto coins, it will increase with time.
Cryptocurrency schemes are on a growing phase. On predicting cryptocurrencies future, features like the grand crypto bull market will continue. As with fast-track, every day it effect extensive implementations.
As soon as they are broadly approved, will become the next version of the technology in all regions. Crypto will easily be converted into currencies and vice versa. Cryptocurrency Development Services have emerged in recent times for the betterment of investors who would like to create a foundation.
According to some sources, cryptocurrencies will fall down while experiencing fluctuations, which is making the traders and the holders worry. But as per the market experts, this is just a matter of time.
Bitcoin is still very much used and adopted all around the world to this day. It has been accepted by organizations and payment gateways all across the world. So what about Altcoins? Are they worthy to buy in future? To predict the future is very hard. In the cryptocurrency world, prices are very volatile. Dealing with the issues of transparency and scalability problem, might effect cryptocurrencies in the future.
Being so authentic, businesses are all about risk and achievement. Before investing in Cryptocurrencies, we have to be rationally prepared about every loss and gain. Without any doubts, this world is touching the sky of high tech and everything will be digital very soon. I personally more in financing on cryptocurrencies. But being rational is never enough, as things change the next moment. We have no idea if cryptocurrencies will be still as stable as they are now or that they will stay really. |
|
|
|
|
Individuals are still practicing old traditional ways of transactions to accomplish the money stream. However, Cryptocurrency Era has arrived and people aren’t aware of it. If we see this era with future perspective, different industries and businesses will switch towards cryptocurrencies to pay for their services. With this, the middleman will be completely removed from many progressions. This progress will cut down costs and will offer cheaper services for the end user.
Cryptocurrencies will influence the future, as the protocols are getting tighter. Countries like the United States, United Kingdom and Australia have accepted cryptocurrencies. Many countries will be accepting cryptocurrencies in the near future. IoT is already here.
Crypto world will emerge into the ultimate trading option as more cryptocurrencies will be introduced. The trading will take place between all these different currencies once the prices of crypto increase. One of the most demanded features is the fast transactions, which will take place with the advancement of technology, with this downloading and transfer will happen within seconds. Games, books, videos and music will be combined in a blockchain and sent through crypto wallets, with the high speed feature. The most influential crypto coins are here to stay but it won’t halt the birth of other crypto coins, it will increase with time.
Cryptocurrency schemes are on a growing phase. On predicting cryptocurrencies future, features like the grand crypto bull market will continue. As with fast-track, every day it effect extensive implementations.
As soon as they are broadly approved, will become the next version of the technology in all regions. Crypto will easily be converted into currencies and vice versa. Cryptocurrency Development Services have emerged in recent times for the betterment of investors who would like to create a foundation.
According to some sources, cryptocurrencies will fall down while experiencing fluctuations, which is making the traders and the holders worry. But as per the market experts, this is just a matter of time.
Bitcoin is still very much used and adopted all around the world to this day. It has been accepted by organizations and payment gateways all across the world. So what about Altcoins? Are they worthy to buy in future? To predict the future is very hard. In the cryptocurrency world, prices are very volatile. Dealing with the issues of transparency and scalability problem, might effect cryptocurrencies in the future.
|
|
|
|
|
Security is the main concern about crypto exchanges a lot, but what about high speed? Transferring money from one wallet to another? If trading of crypto currency is being carried, the speed will be low when at one time many people are using the exchange, then how do exchanges prevent that from happening?
|
|
|
|
Since exchanges have had a history of being prone to hacking, does any crypto exchange offers security strong enough that helps to prevent this?
Exchange that has a big volume and are popular in the space are expected to have a good security system, however, it seems like there is no exception for hacking because hackers are targeting small and big exchanges, so any exchange are vulnerable to hacking. by the way, Binance is quite unique because they have a SAFU funds, that save them from their hack incident this year. That is something new. What is SAFU funds? |
|
|
|
Exchanges get hacked all the time simply because they're hugely targeted by hackers. Obviously, because there's so much money to steal and that they could potentially get away scot-free. While some of the current big exchanges that we have right now have remained unhackable(as far as we know), like Coinbase and Kraken, there's really no guarantee that they're not going to get hacked in the future. I mean, people think that Coinbase might be "unhackable" due to it's good track record, but people thought the same with MtGox and Bitfinex in the past. Well, we know what happened to both.. This list right here, will just unfortunately be added with more and more exchanges as the years go by: https://cryptosec.info/exchange-hacks/Now, do you want to be part of the statistic of the lost funds from these hacks? Of course not! So obviously, the way to go is to simply just purchase an affordable hardware wallet, and store your funds there instead. Only leave funds on exchanges that you actively trade, and if possible, withdraw them regularly when you don't need to trade them. But even then, do certain exchanges have a certain fixed amount that needed to be on the exchange so trading can happen? And if that be so, then how is it helpful to be on the exchange after being hacked? |
|
|
|
|
Since exchanges have had a history of being prone to hacking, does any crypto exchange offers security strong enough that helps to prevent this?
|
|
|
|
|
