What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
I think that only the small time merchants who are generally accepting of modern technological innovation are the ones who will integrate crypto into their systems first, usually as a payment medium, before using it for anything else. It is still a platform that is within its infancy, most are accepting to tech when it benefits the greater good, but if it's not government backed, many will not see a use for its especially if it's not an insured method payment. |
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I love the looks i get when i try to explain crypto to a non tech person! How do you guys deal with situations like these?
The average person will have a hard time processing cryptocurrency, unless they possess a basic understanding of investing and the stock marketing. It's not an easy craft to pick up on, but it's a priceless skill to have if you can. I'm not really good with creating analogies on the spot, but in order to explain crypto ro a person, so that there is a general understanding of its utility, you have to break it down to them, doing so in a manner or level they can relate to and understand. Metaphor is the best way teach because it uses mental visualization of symbols. |
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The largest cryptocurrency, bitcoin, is a commodity and not a payment system, according to Visa’s chief executive. Visa will also not give bitcoin or other cryptocurrencies a platform for wire transfers and exchanges. “I don't view it as payment system player,” CEO Alfred Kelly told CNBC. “We at Visa won't process transactions that are cryptocurrency-based. We will only process fiat currency-based transactions,” he added. Visa is the world's largest credit card company. Bitcoin was originally created as an alternative de-centralized currency. However, with its 2,000 percent growth last year, it has become a source for speculators to make a quick buck. As bitcoin turnover grows, it faces problems like high fees, astoundingly slow transactions and volatile prices. https://www.rt.com/businessIt's seen as too risky because the fluidity of the liquidity of prices within the market. The price could jump high, or fall low, all within the course of a day. That is a huge financial risk for a bank to take part in. Also, the regulations on crypto aren't entirely certain in every aspect. |
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What do you think of this alt coin?
Any hopes of it rising any time soon?
I really don't understand the classic part. I guess by calling it classic, it must live up to some of the original values that had been intended for Ethereum to live by while it was being preconceived, in its earlier stages of development, or it's original morals, principles and overall general direction of the project. It usually stems from a fork of the blockchain, splitting apart into a copy of itself (think cellular division). |
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Can blockchain make the music industry more transparent and fair for both musicians and fans? (especially what refers to ticketing).
What's your opinion on such perspective?
Only if the industry decides on an unanimous vote to adopt blockchain technology, integrating it within their system of ledgers. It still may be a bit too early in some industries. As far as business finance goes, it has really taken off. Other industries and even some governments are utilizing the blockchain in some form or another. |
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I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.
After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.
The answer to this question is a stifling no. The original code for the creation of the blockchain and bitcoin network is an open source code. That means that anyone with the know how, can freely duplicate the entire dynamic of the system. Setting up an endless amount of clones. It's our job as members of the community to keep the conversation going, because we are the speculators, voicing our concern with the equality of the community. Without a diverse community of active participants, a coin will fall flat on its face in failure, being there no support to stand behind it. |
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This is a question I ask myself all the time that why do so many ICOs usually take so long period of time before they are finally over. Some ICOs could go for long period of time as long as 6 months and 7 months thereabout. Does it mean the longer the period of ICO the better the rewards? Does that long period of time really mean I will have better profits either as a bounty hunter or an investor? I need some clarification and probably some advise as a newbie to ICO bounty.
I'm not really sure why an ICO would be postponed, other than the project not being able to meet its projected sales cap, so they decided to do another round of sales. To answer your other question regarding how a postponement of an ICO, can end up being a little more rewarding. This is the case because whatever promotional bounty campaign they're running, if the main sale is extended or postponed, the bounty campaign will continue because more promotion is needed during this extension, in order to meet projected goal. |
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Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.
Maybe not Bitcoin per say, but definitely something similar and a bit more stable on the market side. I like the idea of keeping the technology of the blockchain, but hopefully a suitable replacement will be created to surpass Bitcoin in every way. All we can do now is to wait and see. |
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Do you think that someday the prices for Bitcoin will fluctuate less and ppl will be able to use more as a currency, and not only as a form of investment?
Sure, once everyone is clear on all of the policy and regulations, the price will most likely be higher, as well as stable. There's a lot going on with crypto within the news, all of the governments around the world are passing judgment, with some tolerance being accepted and in other places, banned out right. |
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We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
I could be wrong, but it really doesn't seem likely. I would think the banks would offer their own version of a cryptocurrency first before they use Bitcoin, but who knows? I think exchanges like Coinbase make it simple enough to trade fiat and crypto. |
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a person who does not know the cryptocurrency ,tell him why he must use cryptocurrency . earn money with encrypted currency is not an option . people have been using the dollar and euro or other government currencies . why change to use encrypted currency? please list some firm reasons. and many people can not understand . encrypted currency why the value of so much money ? it is just some data in itself.
I would first explain what Blockchain is, then Bitcoin itself. Teaching people involves breaking the knowledge down into bitesize metaphors and analogies. I would tell them that crypto was an investment towards innovation, not a "get rich quick" scheme. If the person has any vision, the analogies should be able to carry the percieved message. I still think it's too early for the average joe, to get involved, other than keeping themselves informed. |
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This is a call to all bounty hunters to refrain from the dumping habits they are known for. Can bounty hunters cultivate good holding habit and stop dumping their tokens immediately after distribution?
Why do bounty hunters dump tokens?
Holding is the same as waiting, something that many have trouble doing, including myself. When it comes to crypto coins, I'm not quite sure of how the regulations will play out until further clarity is provided for investors. For now I will try to hold until things seem clearer. |
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I dont know if it is just me or others also experience it. I always set goals financially, set limits in spending and trying hard to save but most of the time no matter how i tell myself to refrain from spending in unnecessary things whenever i see something i really like even if i dont need it i cant resist buying it that cause me to regret later. Are you familiar with this situation?
What you describe is not for the faint at heart. You're talking about self control, self discipline. It is hard to put away money for investing. Especially if you live paycheck ro paycheck. It will take resilience and a very strong willpower to resist the temptation. It's almost as if the money is talking, saying "hey, let's go shopping"! |
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Do you think that someday the prices for Bitcoin will fluctuate less and ppl will be able to use more as a currency, and not only as a form of investment?
Certainly, the more regulatory guidelines given to the people by the government, the less scams there will be. The market is widely unregulated territory. There are regulations in place, but the technology is so advanced, that it's taking longer then expected for policy makers to make the right call on how to exactly address each of the problems that arise for cryptocurrencies. It's a relatively new market, and is just starting to bud. It feels similar to the stock market, but somewhat decentralized, yet unregulated. There is a lot of hurdles for us to jump through before we know for sure. |
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We're living within the digital age! Everything you can think of will eventually go through a virtualization process, so why not money too? It makes things a little more convenient, but as with any innovation, it will always create new problems for us to face.
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In times of volatility and uncertainty, investors tend to favor one particular crypto that has high liquidity and is stable. At the current time, Bitcoin price trend still dominates the market trend.
However, Bitcoin leading position seems to be doubtable as Altcoins have recorded a stronger rise recently and the market is less affected by Bitcoin. Instead of following the general price trend of bitcoin, many cryptocurrencies also start to follow their own “trajectory”.
This week, the altcoin works much better than both Bitcoin and Ethereum. The added value of the ERC20 tokens and the increasing demand for small cryptocurrencies of investors in the global market has proved that Crypto investors are more confident in betting their money on this market.
Saxo Investment Bank from Danish, with its aim to focus on online trading and investment, has announced in a recent report that the capital inflows from organizations to the Crypto market will lead to a rise in prices for most of these currencies.
Any inflow of capital into the market will cause price fluctuations. Altcoins all seem to be the future. Bitcoin is just a prototype, the mold was formed and set into place. From Bitcoin, all other cryptocurrencies are just after its likeness and image. This isn't necessarily a bad thing, it just means that rome wasn't built within a day, so crypto needs altcoins to further the development of the project as a whole, regardless of how many countless variations of it appear. Blockchain is open sourced, so it's a project that everyone is able to contribute to, even if your just a simple speculator. |
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I have read articles regarding bitcoin, blockchain technology, cryptocurrencies and i have been amazed of what bitcoin have achieve for the past couple of years and its popularity that extended globally. It have reached $19,000 at the last quarter of 2017 ( http://www.latimes.com/business/la-fi-bitcoin-20171207-story.html) and now swinging at $7,000 below. Yet, considering that the value of bitcoin is highly volatile its normal that its value fluctuates. Just recently, Bitcoin have proved wrong the former CEO of Mt. Gox (Mark Karpeles) one of the largest cryptocurrency exchange before, after he stated years ago that "Bitcoin may have trouble in evolving and keeping up". With respect to what Bitcoin has achieve nowadays behind negative articles, negative perceptions it actually proves that Bitcoin is really keeping up and is evolving (and will continue to evolve). https://www.investopedia.com/news/former-mt-gox-ceo-questions-bitcoins-evolution/Let me know your perceptions avid bitcoiners  Your ideas will be highly appreciated. Of my opinion, from my analysis, cryptocurrencies are relatively in their infancy. As technology cointinues to progress, So too, will the development of cryptocurrencies. Bitcoin and Ethereum are fine examples of the evolutionary steps crypto is taking. Bitcoin 2.0 may be just a few years away. |
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I just passing by in the Bounties(Altcoins) section to find some good project and participate to one of their campaign and there's one campaign I've visited and asking for KYC in order to receive the bounty reward.
Actually I've seen someone asking in the meta section about this topic but I forgot where was it.
Well I will just going to give my opinions about here in the altcoins section because I know most of the participants of the bounty programs are posting here.
KYC (Know Your Customer)
A KYC (Know Your Customer) is used to ensure that the people who're going to invest to a project are qualified for example they have a record about criminality, immigrants, etc. then they will not going to allow you to invest in their project, This was used to review the investor and make sure they credibility of the investor and also KYC is used to fight money laundering.
Now let's go back to the topic. I've seen some bounty programs that's asking for KYC documents in order to receive bounty I don't think it's necessary to ask KYC Documents from the bounty participants because:
1. They don't Invest in the project.
2. There's no need to ask for the credibility of the user for promoting their project.
However I've seen some people are still participating in the bounty program, I just want to know you the risk you're about to face when you submit a KYC document to a untrusted project/program:
• They may use your details to fraud.
• You may be accused for something that you didn't do.
• Identity Theft
• Etc.
Well all in the KYC documents are your personal information and It can be used to different illegal things. But after all it's the decision of the participant if he/she's going to submit KYC or not. I just want you to be aware guys that you should be responsible for choosing what program/project you're going to join.
PS. I didn't say that the bounty project that's asking for KYC is scam or any fraud related, I suggest to study the project itself first as well as the team behind that.... and the reason why they need your KYC document for participating in their bounty program.
The answer will never be a straight one, because a line of division is drawn when it comes to centralization and decentralization. Many feel that centralization within the crypto sphere, is benign, defeating what purpose Bitcoin was originally founded upon. Others like myself, feel that a degree of centralization is neccessary, even required for crypto in it's current state of affairs to be successful. The blockchain has created an entire ecosystem of a decentralized market. Project after project is being created to add towards the crypto space. So many ideas, meshing together. It was only a matter of time before parliament would decide to get along. Now that the governments have had their say so, the price fell from it's all time high. Patients is the only thing needed at this point and time. Expect more regulation to come, this is the year they've chosen to act upon immediately. |
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I feel that i never have enough coins. To day i just bought another batch with Icon (ICX) i am not only bullish on ICX but wish i had more of WAN,VEN,ONT,NAV,OMG and EOS.
Do you guys feel the same thirst/hunger to buy/add more fiat to the crypto world. And when is enough ?
Because of the long downtreand we have been withness to now. Do i start to be positive to what i see right now. And want to take a loan in the bank 50k to buy more of the coins that i have mantion in this thread. The plan is to make 2-3x and sell some and pay back the loan. I know this sounds crazy to most of you and i know it is.
Positive and negative comments are all welcome in this thread. Thanks
Yes, it isn't greed my friend, it is a hunger for more. The current situation isn't satisfactory, so the ambition is there to succeed. The downward trend has everything to do with how you described the situation at hand. With prices hitting rock bottom from what they previously were, it almost seems hopeless for the ordinary joe to become successful with crypto. I'm almost certain that the prices are stabilizing, while the hype train is dying down, causing the artificial inflation to subside a bit. Your not the only person within the boat, many feel as you do! |
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At first, I am so eager to join most of the Bounty Campaigns, I even ignored Airdrops. But lately, I feel like it's so tiring. Some campaign don't even update the sheet and not even paying us tokens. So you feel like not interested anymore. All those efforts are worthless. Additionally with this Merit system, It felt so useless. My activities and posts are way more than qualified but still merit is nowhere to be found. I tried to create replies, and posts nicely and formally like "Jose Rizal" or even "Nicholas Sparks" but still no chance, it makes me anxious. I think this is the punishment for the late bloomer in cryptocurrency. Lol
Nothing comes easy my friend. Those who seem the potential within Bitcoin and the blockchain project, invested early on, knowing it could be successful, based on the premise alone, of what the project represented. The late bloomer is no different from the prospectors who went west for gold, during the rush a long time ago. Though some did find fortune upon their late arrival upon the scene, many left more broken then when they came, with their hopes and dreams crushed. There is still room for growth, but it needs some time to progress. The chances of striking oil are rare, as it is trying to become rich off of cryptocurrencies from doing small services tasks for incentives (bounties). |
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