There is nothing wrong with investing in bitcoin. You only need to study before investing to know the risk involved in bitcoin investing. Learning and knowledge will help you to understand the risk and benefits of investing in cryptocurrency like bitcoin. Also it needs patience,you can't earn instantly after you invest,you need to wait. Bitcoins value is volatile and through that people earn profit.

I did not like kyc specially when wwe bounty Hunters promote projects that we need to pass this kyc, its is just a piece of commonsense if we did this, we are only promoting the project while we need to pass kyc? Then for me its not a good rule for many of bounties that offers kyc and this is a barrier for bounty Hunters also.

Or you watch TV too much?

What you are saying is the terrorists create blockchain product, write a WP and set a website for an ICO. After collecting personal information from people they close the shop and go out to use identities' people?

If you prefer to live in a sphere with a currency controlled by authority controlling everything then you can always use your local money.

So I'm reading daily these news about Bitcoin, Blockchain, cryptocurrencies etc and I sometimes find some surprising articles.

A few weeks ago I found this article I'm still thinking about almost every day, because it's a scary thing going on and it actually is the truth: most of us are not looking at technology anymore and the way Bitcoin could change a lot of things around us for the better, but for the money and profit we can earn.

Back in the day when Bitcoin had close to $0 value, everyone was in it for the tech as almost nobody thought and believed there is a chance of it touching even half a dollar. The fascinating Satoshi story and everything made Bitcoin so interesting and the early investors and adopters of it made a lot of progress. If you watch the documentaries of those people adopting BTC in its early stages I'm sure you'd be so jealous you haven't heard of it "at the right time"...

but but wait a minute.. what are you thinking of when I say "hearing about Bitcoin at the right time"?

I'm sure more than 60% of us think about the price when reading these words. Bitcoin is here as a different payment system and as a solution to a lot of world's problems, and yet we're ignoring all that and going all in for the price?!

That's disrespectful to the early adopters, and that's disrespectful to Satoshi himself. Take a look at his wallets - billions since 2009 and yet not a little part of a Bitcoin has been moved. Dead or alive, doesn't matter and probably nobody knows, but we should take it as a lesson. Instead of focusing on the price and profit, we should all focus more on its influence in the world. We should focus on turning the possibility of it changing the world into reality, and trust me.. the price will come with it.

Here I'm not talking necessarily about miners. I'm talking about all of us who've heard of Bitcoin and are using it. Imagine it's 2009 and Bitcoin had close to $0 value, what would you do? Leave it forever because you couldn't get money profit off it, or would you continue to support it and adopt it knowing its potential? If you were the early adopter, what would you do?

We do have some members here who've adopted Bitcoin in an early stage. Actually, we have a pretty large number of members since then who are still active here considering the community size of 2009-2010.. even 2011. Today almost everybody around the world has heard of BTC or at least the Blockchain technology, but most have only heard about its volatility and that's what scares them away. Another thing is Bitcoin being pretty hard to be understood by newcomers, just like it's been hard for me and everyone else around in the first year of using it.

And now let's talk about the real purpose of this topic. Let's talk about Jered Kenna, who has posted one month ago the following tweet after 3 years of pause:


And that's scary. Jered Kenna is the creator of TradeHill Inc., the first Bitcoin exchange in the US. If that still isn't scary enough, we have this more recent tweet which gave me goosebumps:


Just as a reminder, he's a very early adopter of Bitcoin and he basically lost his love and hope for it. This should be a big warning sign to all of us, because he has accomplished a key point in the Bitcoin adoption by creating the first US exchange and yet we're all looking right now just at the money we could earn from its volatility.

I would give a suggestion as a key to switching the focus from money to technology and adoption, but I don't know what to say except: try finding a way to make a change. Try making a change in the crypto world, not by creating another coin. Focus on Bitcoin and its capability. Make a change and profit will come as a default.

I have a question for all of you: what have you done to make a change in the Bitcoin world?

Here's the news article I read that made me think of this entire post: https://business.financialpost.com/technology/blockchain/why-an-early-bitcoin-millionaire-says-hes-lost-his-love-for-the-industry

According the report in the article https://medium.com/@sherwin.dowlat/ico-quality-development-trading-e4fef28df04f more or less 81% ICO turned out scams. This is data from 2018 year but to be honest trend is predictable.

The latest attempt features Alipay (payment processor):

https://cointelegraph.com/news/official-alipay-to-ban-all-bitcoin-related-transactions


I think what has happened is this: China closed down all the cryotocurrency exchanges back in early 2017.

Then Binance tweeted to their Chinese users that they could buy bitcoin with Alipay. The Chinese authorities then put pressure on Alipay to close down any bitcoin related transactions, which is what they've done.

Can you protect a piece of paper with 12 words written to it better than a third party entity yes or no? If yes, you don't need any other (State/Private) protection gimmicks.

If no, go place it in a bank vault and pay the monthly fee to have it secured. At least you are forcing that bank to play by full reserve rules, without they even knowing it.

Banks by themselves are not evil, its the current version of banking, under fractional reserve that is more akin to a ponzi scheme that is.

Yes, that's what bounties these days make us. They show us big big rewards on their spreadsheets but the real values of those rewards they offer us are sometimes not even up to $5 on the market. I feel bounty hunters are only being used as baits by project owners to catch their investors virtually for free. What do you think guys ?

The world economy keeps crashing with many incidence of inflation. What is happening at the moment is  a clear indication of a world that has failed the minority. Although the underdeveloped countries could partly be blamed for the high inflation that exists in their respective economies. Would things turn around for good  if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?

I haven't been trading my bitcoins and cryptos since this year begins, but I have noticed that the hype train is slowing down since then, compared to last year. I want some honest opinion about the future outlook of BTC or crypto per se. Should investors invest in it ?

I see you've joined minter project bounty, its actually one of the ways to earn money and reinvest in other good projects but this might not come to past if you rely on bounties only, include trading if you want to change your earnings, trading is more active that promoting bounties, all you need now is to learn how

Africa as a good place for crypto? Yes it would. Africa is a continent where some countries are ready to embrace good things. Ofcourse, banks are there to oppose certain things which are likely to pose their businesses to threat. Once africans realize crypto will fetch them money, they will quickly embrace it and work into crypto. However, in an instance where the money is keeping them to wait longer, trust me they will back off. Crypto will be good in Africa but the issue of patient can be a challenge.

I found this article on cointelegraph :https://cointelegraph.com/news/nearly-10-billion-in-btc-is-held-in-wallets-of-8-crypto-exchanges. I wonder  if they had the control over the price, they can make a bearish run or even they can wake the bull up? Well for sure there is only one thing to expect it is having a good price in the future. What is your thought if the 10 billion worth of bitcoin will move?

For Bounty Hunters
Even if i advice you not to give up on doing researches on every proje ts before promoting them this doesn't mean they wont scam you or waste your precious time BUT still the only question you need to ask is, Are there bounties that pays hunter good rewards this year? YES they are very few and good projects take time, Do not expect good projects every months cos its impossible

For Investors
ICO and STO are no go side, stay away from them because they are almost all red flags, IEO is here for you and all you have to do is go to binance for any new upcoming IEO fund raising, you will get positive results

1.faucets

2.Affiliates

3.Bounties

4.campaign management.

Bitcoin dominance this year is very high this year, I wonder what is the basis of your statement. Even if it is beyond the reach of ordinary people but it doesn't mean that we cannot afford it.

We can buy whatever amount we like, it's not like we need to buy 1 bitcoin or more. We can choose how much we like to stock or it can be your saving if you have spare money then you can put it in bitcoin and few years from now, you can see how much is your savings worth. 

i think for many bounty hunters they may have no choice but to gamble with getting paid and put in the work
the payouts, if successful, can equal many years normal salary in their respective countries
SHOULD they boycott ICOs? we all should, i really like the idea of DAOs, in an ICO the people putting in the money seem to have the LEAST say : /

There is nothing more appealing to a crypto enthusiast than an environment suitable for holding or trading cryptocurrencies, In my opinion here are the 5 most crypto-friendly countries.

Malta
Topping the list is Malta. The country has become a haven for cryptocurrency companies and businesses due to its tax-friendly policy, even for foreigners. This country has a prime minister who fully supports all cryptocurrencies.

Bermuda
Bermuda is a small island with a population of about 65,000 people in the Caribbean. This country has attracted companies with a free tax policy. This also applies to cryptocurrencies as the country aims to become a haven for the cryptocurrency industry

Japan
Japan is a leading country in the cryptocurrency space. Japan is the first country in the world to accept Bitcoin as legal. The country was also the first to adopt extensive regulations for more than their cryptocurrency exchanges.

Germany
Cryptocurrencies are considered to be a separate unit of money and an accepted means of payment in the country by the German National Tourism Board 2018. Germany has a cryptocurrency-friendly financial system.

Singapore
Cryptocurrencies will be considered commodities, not currencies in Singapore. Any company dealing with cryptocurrencies is required to pay GST (Goods and Services Tax)

In your opinion, which countries are crypto friendly? Please list

I'm happy with the current state of bitcoin. As you can see, many people who do not agree with bitcoin regulations, including me. I personally think many negative sides if bitcoin is regulated. IMO, the thing that will happen related to bitcoin regulation is that bitcoin will be controlled by the government which in my opinion is not good. because if bitcoin has been controlled by the government, bitcoin-related things like taxes, markets and circulation will be regulated by the government. because of this I disagree about bitcoin regulation