Considering that the governments such as China have already tried to ban Cryptos. Would more governments do the same because Cryptos threaten the banks or the governments may want more control over what people use as currency and to remove all alternatives? What do you guys think, I personally think it won’t happen, but you might think otherwise.
It is too late for governments to ban the use of crypto totally. Looking at the market cap and market volume of the total cryptocurrencies in the crypto market, it will be very difficult to collapse or ban the use of cryptocurrency. The crypto market keeps growing as day pass by, indicating that new users are getting in this space very blessed day. The governments who do not really agree with the idea of decentralization should just accept and try to understand the benefits cryptocurrency present to the entire financial space. |
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Love when people say it's dead.Crypto is only 1 decade old. Just imagine a few years or decades more. Patience could really pay off on altcoins. I see it as a once in a lifetime deal. HODL, if you have money . Who risks nothing has nothing. It could happen again be ready or not.
Bitcoin and the entire crypto ecosystem is the future of the financial world. Without understand and knowledge, you might not understand the relevance of bitcoin and cryptocurrencies in general. Speculators that always spread FUDs saying bitcoin or cryptocurrency is dead do not really know and understand the real purpose of bitcoin and cryptocurrency. These people fail to research and try to understand the reasons behind the creation of bitcoin and cryptocurrency in general. They are just ignorant. |
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Promotion of scam projects can never stop in the crypto ecosystem and space. There are a lot of people in the crypto space that will do anything for any small amount of dollars paid in trading cryptocurrency. The only way scam projects can be somehow eliminated for the crypto space, is when moderators on this forum decide to introduce strong rules regarding the kind of projects launched on this platform and validate the authenticity of the project before allowing the promotion of the projects here on the forum. Without proper validation of any project that wants to launch on the forum, promoting scam projects will never stop.
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With Altcoins investing and holding, you need to have some level of plan and knowledge about the entire altcoin space and market. Your plans should include the duration at which you will be investing into that particular crypto coin. Having a time duration for your altcoin investing gives you some level of understanding on changes seen in the altcoin market. Plans, knowledge and understanding are what any investor needs to control their level and margin of profit or loss. It also help the investor to know when to hold or sell...
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also this in some ways reminds of the Gandhi Quote:
"First they ignore you, then they laugh at you, then they fight you, then you win"
This is the hard truth right there. People who don't really understand your ideology and way of doing things will always fight you or laugh at you. Governments who are opposing cryptocurrencies basically do not really understand how they can transform the entire financial ecosystem of the world. Secondly, the idea of decentralization and no central authority are the main reasons why these people are opposing the adoption of cryptocurrencies. They prefer to be the once controlling the circulation of currency in the financial ecosystem. |
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An unemployed dude comes to your house to ask for off jobs, say to throw away your thrash and mow the lawn. You had no cash but he owns a bitcoin wallet and asks to be paid in bitcoins. Would you pay in bitcoin?
I will use bitcoin as a payment option for all kinda off job in as much that the person working for me is willing to accept it. I see nothing wrong with paying someone with bitcoin for an off job. Using bitcoin as the payment option is no different from using fiat currency to pay people for their services they provide you. It is only people who don't understand the use and purpose of bitcoin will have a problem with paying off jobs with Bitcoin. |
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To all of the millennials here in Bitcointalk, do you also agree that Bitcoin is a much better option than gold or real estate? As much as I liked real estate, the target market is kinda tough. Unlike Bitcoin, anyone can afford to buy it, even in the form of satoshis.
First and foremost, I don't really agree with you on this. With investment, your level of knowledge and understanding regarding the investment ecosystem is the only way that can tell if one investment opportunity is better than the other and the duration at which you as an investor will be investing in that particular thing. Personally, I don't see Bitcoin as a better option compared to gold and estate. Bitcoin is a high risk investment whiles gold and estate are not. Why will you think a high risk investment be better than a lower risk investment ?? |
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How serious is the threat that quantum computing poses to blockchain technology, and what can be done about it?
The science of quantum physics is being used to build quantum computers–powerful machines that have the ability to solve incredibly complex mathematical equations much more quickly than even the most advanced computers available today.
As such, any data that’s encrypted using mathematical equations–including banking data, intelligence data protected by the government, and encrypted messages on cell phones–is vulnerable to being exposed by quantum computing. Most notably, in this case, encrypted cryptocurrency data–such as private wallet keys–are also vulnerable to quantum computing technology.
Is Bitcoin doomed?
This is just another FUD that keeps circulating throughout the crypto space and the crypto ecosystem. If you think quantum computing technology has the power to put blockchain technology at a risk, you should present real facts and evidence backing this assumption of yours. This is not enough to prove that quantum computing technology can be a threat to blockchain technology and cryptocurrency. |
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Would you close your Bank account, when your Bank turn against Crypto?
Personally, this will depend on my country's rules on cryptocurrencies and Bitcoin to be precise. Banks have literally been around for quite long and majority of people living in a particular trust the banking system since they believe that the Bank can be physically seen compared to cryptocurrencies. In as much that banks might turn their backs against cryptocurrencies, I can't just close my bank account. You can't survive in world where the banking system is the main source to make transactions and with just a hand full of people into cryptocurrencies.. |
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This entire bitcoin space breeds greed, envy, fear, and lust. All you of hodling bitcoin are mentally ill. You have been conned into thinking bitcoin is going to the moon. It's not. Charts show bitcoin is slowly bleeding to death. Bitcoin is no different than Bernie Madoff's Ponzi scheme where new bag holders are needed to pay off the earlier investors.
Mass adoption of bitcoin will never occur. Sorry! The price is far too unstable to be used as a form of payment. Businesses would get crushed if they took bitcoin as a payment due to the wild price fluctuations. Then you have to worry about the IRS on your ass to pay taxes. Is hodling worth the stress? Absolutely not. That's why women laugh at bitcoin and think it's a scam. Notice the crypto space is all dudes?
Say what you will about the US dollar, but it's still backed by a democracy and the most powerful military in human history. Accepted everywhere. Bitcoin is backed by absolutely nothing. Gold is backed by 5000 years of history of holding value, and is recognized worldwide. Women love gold. It's beautiful and tangible. A real asset worth owning.
I'm sorry, but you HODL'ers are mentally ill and are going to get crushed when bitcoin collapses in the coming recession. Bitcoin is going to get dumped fast as people need money to pay bills and survive. If you bought bitcoin early and already cashed out with gains, you are a wise investor and have my respect. If you're still hodling, your finances and reputation are on the line here. A reputation with your friends and family you can never get back. Don't risk it. Dump your bitcoin now before it wipes you out!
Thanks for sharing your ignorance. I just want you to answer these rhetorical questions in your head. How well do you understand what Bitcoin is and the purpose it was developed? Have you read the whitepaper of Bitcoin into details? If you did read the whitepaper of Bitcoin, you will understand what it is and not make up conspiracy theories in your mind about Bitcoin. Not forgetting, Bitcoin has been in existence for ten years now. This should tell you something. |
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Since there are hundreds or even thousands of Cryptocurrencies out there around the world, I am rather interested in what are the processes of creating a new cryptocurrency. I’m interested in things like how do people decide when to make new cryptocurrencies, what are the logistics in making the new coins and how do they promote their new coins to the public or certain groups of people in order to facilitate its usage.
The creation of cryptocurrencies has been based on the gaps seen in the financial world and the crypto space or based on the flaws of other existing crypto coins. New coins are basically created as an improved version of already existing cryptocurrencies. But nowadays, developers just create crypto coins without having any particular aim in the crypto space. These coins are mostly described as shit coins. If you are thinking of creating a new crypto coin, it should solve a particular problem in the crypto space and the financial ecosystem. |
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this is the Chinese president's speech about his ambition towards Blockchain technology..  source: https://www.theblockcrypto.com/post/44646/xi-jinping-says-to-let-china-take-the-leading-position-in-blockchainhere I will not discuss Blockchain technology because China is certainly very accepting of the existence of Blockchain technology I would like to discuss whether you think this is Xi hidden message to the world that they are able to make a perfect cryptocurrency than Bitcoin? indeed blockchain technology is not only related to cryptocurrencies, but I think Xi has another intention!! I don't really think the government of China has the intention of creating a crypto coin considering that the country has a good payment system which is totally perfect since the government can easily track people. I think the government wants to implement blockchain technology into the already existing payment system to increase the level in which transactions can be easily traced and also giving people financial freedom. Thid id just my assumptions. |
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We all know that stable coin maintain their price all time.
My question is if they maintain their price 1$ all timr.
How they make money..
And how users or investors make profit by stablecoin.
Please express your own opinion about it..
Thanks in advance
Why will you waste your time investing in a stable coin? As the name suggests, it has no specific tendency to increase its market value. Stablecoins are just a means of storing your funds with no risk of losing the value of your funds. Stable coins are just pairing crypto coins to volatile crypto coins on exchange platforms to ensure some equilibrium and also help in knowing the rate at which the value of the other coins changes. Don't waste your time investing in stable coins. It is stable........  |
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I don't really think there will be any significant improvement in the numbers in the crypto market. In as much that China has a good number which might influence the crypto market, the country already has a working payment and transaction system which is working very effective with no specific challenges. But I also see people in China using cryptocurrencies alongside this system. Thus why I'm saying there might not be any specific change in the crypto market.
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As an entrepreneur I always look for the challenges when I want to think about something new that would change the normal way that people are
doing things. This mindset has never changed and I am always looking for easier and more user-friendly ways of doing things. Back in the day I did
most of the boring work with complicated Dos batch files or scripts to get things done quicker. So how do we apply that mindset to Bitcoin?
The answer is simple >>> "Look for the problems in the other payment systems and solve that with Bitcoin"
~~ Is Bitcoin more convenient to use?
~~ Is Bitcoin cheaper to use and where will that solve problems?
~~ Is Bitcoin safer to use than traditional payment options? Where will it be safer to use?
~~ Is Bitcoin easy to use (How can we make it easier to use?)
~~ Is Bitcoin faster than other payment options? (Where can we apply it to solve problems with other slow payment options?)
~~ Are we using Bitcoin for the correct applications? (Trading or Currency) What should we focus on?
These are just some of the questions that we need to ask to get to a better solution for the problems with the other payment options. Can you
think of any problems and challenges that Bitcoin can solve now and how do we use Bitcoin to solve these problems now?
Personally, I agree with you regarding identifying the problems and challenges we think Bitcoin can easily solve but the challenge regarding why people are finding it difficult to adapt to the use of Bitcoin is that the majority don't understand the whole idea of Bitcoin and the way it operates. This has brought fear in people because they have the perceptions that they can easily lose their money. Also, the volatile nature of bitcoin is making it difficult for people to adopt the use of Bitcoin for their transactions. Knowledge and understanding are the only way that can help the adoption of Bitcoin into the mainstream financial ecosystem. |
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Considering recent challenges faced by Mark Zuckerberg regarding his intention to develop libra, it might take a while before the full launch of Libra. The partners of Libra drop out because of the legal challenges faced on the own idea of creating a digital currency that has the potential of devaluing the US dollar. The launch of libra will not be any time soon. |
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There is a trend in this forum whenever there is a dump there will be a group of people who will spam the forum with FUD and then there are a set of people post unrealistic things will bitcoin will cross $50k if it pumps by few hundred dollars, right now I don't see anyone predicting the price. Does it mean people have learnt no one can predict the price or just waiting for right moment again?
People are always predicting the possible market value of Bitcoin no matter the state of the Bitcoin market. You not seeing people creating a thread on the drop of bitcoin value does not mean people are not making assumptions. There are thousands of articles being generated as the price of bitcoin started dropping from $9k and people have started making wide predictions regarding the possible price in December and the early part of 2020.... |
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It is a great idea to build up a page on Twitter solely for sharing news related to bitcoin. This will help increase the awareness of bitcoin in the entire world which will also help in the adoption of it in the financial ecosystem. But the only problem I might have about creating a page for bitcoin news is the page spread FUDs which will end up discouraging people from using Bitcoin. I just hope you don't share FUDs... |
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I was just wondering if one day it would be possible for cryptos such as Bitcoin (BTC) OR Ethereum (ETC) to become mainstream one day for people to use for day to day transactions on a daily basis. Because I heard that the people in Zimbabwe with their economic difficulties use cryptocurrencies as a means of trade.
Would the world adopt cryptocurrency as a means of transaction, what do you guys think?
Considering the state of the crypto market and its ecosystem, there is high probability of cryptocurrencies becoming mainstream currencies just like fiat currency. The nature cryptocurrency presents a decentralized platform which makes it easier for faster transactions with low fees. But its gonna take some time for it to be adopted worldwide... |
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A Crypto investor Michael Terpin lost roughly 1,5oo bitcoins on January 7, 2018, after falling victim to a SIM swap attack, The Wall Street Journal reported.
The bitcoin stake was worth $24 million that day, roughly three weeks after the asset hit its record high price.
The incredibly precise hack involves thieves taking control of a phone number and using it to access email accounts, bank reserves, and even crypto wallets.
Visit the Business Insider homepage for more stories.
One crypto investor lost bitcoin worth as much as $24 million after falling victim to a new kind of hack known as SIM swapping, The Wall Street Journal reported.
Michael Terpin was hit by the attack on January 7, 2018, days after bitcoin reached its record high price. Thieves stole roughly 1,500 bitcoins by taking control of his phone number and using Google's "Forgot password?" feature to gain access to his email. With possession of the two personal accounts, the thieves hacked Terpin's crypto wallet, stole the digital assets and quickly sold them, according to WSJ.
Bitcoin traded between $16,969 and $15,790 per coin on January 7, 2018. The digital coin now trades at roughly $8,700.
Source:
Wall Street journal
This is very sad to lose such amount of bitcoin. But why will this person keep such amount of bitcoin in a single wallet? This will help him not to make such mistake again and become more vigilant on how he keeps his wallet safe from such attacks in the future. The internet is not as friendly as many of you think. You need to protect yourself while surfing the internet to avoid being attacked. |
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