Reading and reading more about the project and how realistic the project is in relation to its set goals and expectations is the only way to stay away from fraudulent projects. Fraudulent projects usually have unrealistic ideas and in the crypto world they don't really have a specific purpose. If you're slow in learning and reading, you're likely to invest without knowing it in fraudulent ventures.
Thats true we can avoid fraudulent projects if we are aware what to look into before making a decision to join or invest. There are many guide and factors to consider before participating in projects hence if you're careful and not easily believe those promises that seems real then you wont end up being a victim of these scammers. know how to analyze to be the main capital to join a project. We know that there are many fraud projects that have a mission as good as the real project. therefore we must examine from all angles before deciding to invest. sometimes even fraudulent projects listing on large exchanges, so this makes it difficult to analyze |
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China is planning to launch their crypto currency, with attention to distribution and adoption, since they are involving all four major banks in the country, two major e-commerce websites Alibaba and Tencent and UnionPay as online payment provider for all four state banks involved in the project
crypto will be centralized and controlled by the state, but high level of acceptance shall be expected
plan is to launch it no later than 2020, november 11, according to latest news, will be interesting how this is going to influence crypto markets this year
I think it will be like a stable coin, (correct me if I'm wrong), so it will be completely competing with other stable coins or Libra, if they are going to release it this year. But as far as influence to crypto? I'm not really sure about that, it could be, but I don't think it will have a drastic effect because it is a government back up, and crypto enthusiast hate that sort of thing. So for me, there will be no hype or after effect in the whole crypto sphere. Libra is under government control, while crypto is not, but with the presence of Libra it will indeed be a stable coin, because it is controlled by the central government. we can see in the future what will happen with crypto in the presence of libra |
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Top 10 coinmarketcap would be hot in this year. it touched low price in long time
and this time the best time to recover, as long as Bitcoin surge too
basically, altcoin only can surge when altseason happen. I even think that this year would be 'small' altseason
so yeah, altcoin would have good marketcap againts Bitcoin dominance.
Top 10 coins are always very good options for long-term holdings and in recent days these coins have hit new highs. I think if this uptrend can last for a few weeks, then altcoin season will soon return to this market. Of course for that to happen, Bitcoin needs to reach $12,000 and all altcoins must be higher than the original price. altcoin as if dependent on bitcoin, as long as bitcoin can increase its price, the opportunity for altcoin to increase its price and volume. we can choose altcoin at the top, because there are some advantages, that is, with little risk so it is safe and has a relatively large trading volume |
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The time for btc to go mainstream will definitely come, btc is still very young 10 years in existence compare to fiat that has been around for ages, i don't know if one day btc will take over fiat but i do know that btc will be around for a very long time, i think eventually the people will decide what suit them best, by then the government can do little or nothing about it.
Ten years look younger for bitcoin to be legal currency payment currency and need about five years later to know better or not make bitcoin become legal currency payment at the future and how many countries want accepted bitcoin, if bitcoin keep continue become stable coin and have many positive side with bitcoin could be legal currency payment in the future. stable coins can only be seen if all countries legalize it, and even then only reduce fluctuations like today (in my opinion). with all countries accepting bitcoin I think price manipulation can be suppressed, because of its spread throughout the world, and when that happens we cannot imagine what bitcoin prices are from now |
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Certainly it is the future: it will be our financial freedom when all payments are digital and centralized in the hands of the usual "authorized intermediaries".
One click and the payment is rejected. One click and the account is closed. One click and wealth is requisitioned.
Though, there are possibilities that government and central banks will allow their currencies to be digital, I am very well sure that as long as bitcoin is known as the best cryptocurrency for investment, no currency could defeat it. We might just have a unifying currency which is digital, bitcoin is a blockchain based currency that not just unify the country, but also unifies the whole world. And this is the difference it has compared to other currencies we have. digital currencies in one country remain different from other countries and only bitcoin is a global currency, therefore I think bitcoin will continue to grow with its own capabilities even though not many countries have legalized it, but currently many developed countries have legalized it, and of course it will be followed by developing countries |
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In 2008, there was a huge economic catastrophe in the world. Some banks conspired and deliberately caused this economic disaster. This is why many people were financially disadvantaged and lost their trust in the bank. I think Satoshi made bitcoin to save people from this disaster. That is, Satoshi has created a currency where there is no third party. There will be no central bank. No one can control it. Customer to customer transactions can be done. While Bitcoin has no controller, no one will be able to intentionally disrupt its finances. Bitcoin introduced a new horizon to the world's economy and freed people from this economic catastrophe.
So I think this is why Bitcoin was created. Is that the only reason? Or are there more reasons? What is your opinion?
every opinion on this one will be count in because satoshi never mentioned any specific reason why he create this ,either to really help people or to help himself who would know? but as far as this is helping us and we are benefiting from crypto,let us be thankful for what he did and gives us. It is really doubtful that satoshi created bitcoin to try to benefit himself, if that was true then he should have cashed out some of the coins that he has in his wallets, but he hasn't done so and he has not touched his coins since the day he left, most likely he created bitcoin just to prove himself that he was capable of doing it, after all something like bitcoin has been the dream of many people for decades and it wasn't until satoshi created bitcoin that those dreams came true. right, satoshi certainly still keeps a few% of the total bitcoin available to maintain balance, of course if he just wants to be rich, then when prices are at the peak yesterday he has sold everything and become someone who is financially free, but there are big goals in creating bitcoin besides that |
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Whats Ur take on that?
War situation USA Trump Economy and crypto Currrency?
Do u Think that current situation have any impact on crypto?
There’s an impact since every news the price of crypto is moving so since its a War and not just a simple news people will react on that. Cryptocurrency is very volatile, and the investors are taking that advantage to make Money and whales really knows what to do. A war can make the fiat money more less in value so cryptocurrency can be the option if ever. By switching to crypto, I think it will be good for them when the war is over, assets will return when trading has started to normal, and I think crypto will be better than other investments such as property. with war, people will immediately save their property before the situation |
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Printing money is a good idea only if your currency is a reserve currency. Otherwise like the others said, you will end up like Venezuela.
How do you think USA get away with it? It is because no matter how much they print, there is still demand. (Or was)
The danger is, now countries like Russia, China, Iran and even some European countries want to use something else. (Euro or gold backed crypto) When this happens, USD will lose its demand.
right, basically printing excess money is not good for the country's economy. especially with the existence of a global currency that can be used throughout the world, of course it will reduce the demand for the USD, especially the one that began to legalize it is in developed countries, of course it has a big impact |
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I think this year is quite risky if we invest in the stock market because at the beginning of this year America has been at war with Iran and this has made most of the shares fall. and before that America was also in conflict with China and made the world recession. by looking at this situation I think investing in stocks is not the right choice. I prefer bitcoin I think is safer and not easily influenced by world politics and economy.
World politics is quite tense with regard to super power and this is indeed affecting stock market. People withdraw their shares and market suffers. Iran and America are still facing issues and it would take months to take things back to normal. The best is to invest into bitcoin or other famous crypto currencies as they are not under the influence of world politics directly. yes I agree with you for this year I think it would be better to invest in bitcoin than stocks. because bitcoin will be reduced by half and usually bitcoin will increase after bitcoin is reduced by half. and many predict that this year we will enter the bull market and the current condition of the stock market is not too good because of the Iran conflict - America will have a big impact on the stock market. knowledge - the US will certainly affect the stock market, and investors will certainly want to secure their assets. so most likely bitcoin will be a reference for them. with more and more funds entering the crupto market it will increase demand and raise the price of bitcoin |
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Only in case dollar is replaced, in my mind only Euro. Since past, money that i know only dollar and euro, because maybe that is what most people use when in overseas. But read a lot of people here talk about Yuan, maybe make my mind is really opened because the world is larger than i expected.
As China's economic trade is getting popular and have many adapted to buy their products and goods then yuan can be a choice but not to the point to replace dollar. Even dollar is weakening it may only be the basis for now of currency but no official fiat will replace. There will be a chance for crypto to be use by many when dollar exhaust. right, China as if mastering the economy in every country in the world. they can reduce the cost of production to distribution, resulting in cheap goods. and it's easy, of course, consumers prefer it. The yuan may be used more and more, but I don't think it will replace the dollar's position |
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You can consider that the hasing power from China is bigger than everything else because it's the most overpopulated nation from everyone else.
Therefore you will have more people doing "stuff" for cryptocurrencies than on other place.
Not only that but their economic growth and technology involvement is way bigger than any other Country.
Based on those points you get your answer on why hash rates are bigger there.
Also making some laws against bitcoin or any other crypto doesn't relate the fact they can or not do hashing.
I don't think it's just population. It's also cheap electricity at least. There are other countries which are quite populated but far behind on Bitcoin adoption. Adoption is not evenly distributed between countries based on their population. In Ukraine the adoption rate is particularly small, and in India it's quite low compared to its population. As for the op's question, I think that China does what it has to do to maintain control. Thus it can be rival to Bitcoin, but careful not to impose such bans that would destabilise the region. Moreover, it seems to be taking "Blockchain but not Bitcoin" approach, so to speak, judging by relatively recent statements from the officials. When it terms of Bitcoin, China really always want to become superior on any aspects. They are against bitcoin and cryptocurrency because they want to create their own cryptocurrency. China is very money-mindness because of their culture which is they focused on in their country. So that's correct that they're taking the blockchain approach because they know that it will really help their economy grow. China government also want to control their people's money, so they want to decentralized the cryptocurrency on their own, to manipulat the poeple's money. it's true that China is a country that wants to dominate the economy of the whole world, we know the biggest mining is in China, but the government bans cryptocurrency, I think this is just a strategy because they don't want to be controlled by other parties, it is likely to make their own crypto |
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This reaction is not as incomprehensible as it may seem, in one hand governments are excited at the development of any new industry because this always mean more taxes for them, but bitcoin is a unique technology created with the intention of helping the people and not them.
So they are confused, they can see the potential of cryptocurrencies but they can also see the danger and as such their posture concerning cryptocurrencies and their future changes constantly.
I agree. they are still looking for favorable loopholes for the state, so in the end freedom is restricted. but I think it would be better than crypto not legalized by the government, so that it would interfere with its development. no doubt that the government will have an important role in mass adoption It is not a good idea for governments to ban cryptocurrencies because then people are going to keep using them and they will not pay any taxes, it is better for the government to try to regulate it, but how do you regulate something which was created to resist those attempts? As you say they are still trying to find a way to get their way and restrict our freedom but that is only possible now that fiat is strong if at some moment it gets weaker we could use bitcoin to buy stuff directly and at that point they will not be able to stop it. By banning cryptocurrency, I think the government will have less tax revenue from cryptocurrency, especially if more and more investors are using it and are interested in cryptocurrency, of course, it will reduce the stock investors in that country who partly turn to crypto |
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Personally, I strongly support Malaysia's plan, cash transactions really need to be reduced to make efficiency in transactions. cash is an old concept, I have started using online transactions in various important activities such as buying daily necessities, buying gasoline and paying bills, in addition to greatly facilitating me, I can also monitor how much I spend money every month.
There are people out there who are unable to make online payments. What's your take on them? Making online payments need a smartphone and an internet connection. As far as I know, the government is not giving away these for free. Also, if they make such payment methods mandatory, then they need to give training to people (especially the elderly) on how to use them. And this is one of the reasons why China went back on enforcing digital payments recently. I don't think it's a technology problem to be a problem for online payment. if the rules are enforced I think people will follow them and in the next generation of course online payments are familiar in all communities. indeed this cannot be done instantly, but it must begin |
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Okay, yeah, that's right. Individuals, like me, lose thousands of dollars a year and have lost investments simply because we are uninformed, and with our feelings, and not our brains, we actually make financial decisions. We really ought to be more curious about the economy and the market and get it into our brains that we are not going to be rich as an employee. I wish someone told me about bitcoin much earlier to make profit out of it.
Do not feel guilty about it, most members of the forum have made many mistakes as well, they just do not want to talk about it or they are embarrassed about them, the most important thing is to learn from those mistakes and then stop thinking about it since there is nothing you can do to erase them. Concentrate on what you can do now and learn the skills necessary to improve your future, it is not an easy path but it is the only one that can give you profits in the long term, just make sure to select your sources correctly otherwise all of the time and effort you spend on it will be wasted. Yes it is crypto market and here we will see all kind of people some will be winner some will be losers but it’s all about the person who is investing that’s why try to avoid mistake and if you once lose because of your mistake then learn from it and keep in mind not to repeat it again. Talking with experts investors can help you learn so many investing tricks and skills but just try to buy low and hold to sell high. expertise in investing requires a process, learning and always learning will make our analytical skills better. I think enjoy the process and don't give up being the right choice. we must remember that there is no instant, therefore we must learn to respond to mistakes that have been made |
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Thank you to your beautiful advice for us, I am always falling involve/in-love in every single project but I got loss of assets. Its hard to raise again if the capital has gone, I don't know where I will brought again a capital to use on investments but since I read this kinds of advice I got a little idea from here.
Very good if you already have a new idea to keep on struggling, the point is to keep up the enthusiasm and optimism at work even though a lot of capital is lost through investment, and of course this will be a valuable lesson for yourself and always use more analysis before investing in any project. much needed personal analysis. to get success, we must believe in ourselves. errors in analyzing will give us lessons to improve. therefore take a decision because of personal analysis, do not follow the words of outsiders. I think we will be more professional if we learn from experience |
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I still hold a certain altcoin because I can't even sell it at a reasonable price, there is no other word but to be patient. for altcoin2 which already has a good daily volume, I try to narrow my interest and trade coins that do have good potential. do not know exactly when this trend will reverse, can only analyze the possibility of Halving as a trigger for a way out for the sustainability of altcoin to achieve better prices.
I also still hold some altcoin whose value has fallen above 80%, it's useless to sell it, so it's better that I keep holding on hoping it can recover at least above 50%. because I know it will be very difficult for altcoin to recover back to 100%. if that happens it certainly takes a very long time, maybe when bullish happened in 2021 but I don't know. I also have altcoi which has decreased by more than 70%. for my next step plan if bitcoin goes up and altcoin doesn't go up, then I will sell it, because it seems like there's no hope. for now, I will keep waiting until bitcoin soars. it feels hard for now if I sell it, aside from being worthless, I still have hope that altcoin will rise |
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Few projects in crypto world are running pyramid scheme as well not just old styles like MMM or HYIP websites, for example i heard about miracle tele scheme that pays staking reward with money from token buyers and later everything crashed, when a project reward is too good to be real then it's probably a pyramid scheme operation
Projects that use pyramid and HYIP schemes will always be stuck and will not last for a long time, so it's better to choose a project that is already real rather than following a project that uses both schemes. many victims have fallen prey to the pyramid system. the members who will last feel the impact. but for those who participate in the beginning there must be a big profit. but overall the system is detrimental. and developers who enjoy the most luck |
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There was a 2-year decline. The market entered a period of accumulation. Many altcoin charts are deemed to have returned to their starting points. I think a new story might begin. New investors may come to the market. In addition, the internet is becoming more and more common. Trust in banks is decreasing. What will happen in this case. Bitcoin pumppp
especially with the current tensions between the world, I think it's a trigger to use bitcoin, we can see many people buying gold, to secure their assets. and I think bitcoin will be the second option after gold |
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Don’t pay taxes: govt love taxes! It make them super super wealthy and make you super super poor, govt don’t care if you starve to dead tomorrow, that’s your own fault to be basement dweller, govt rather spam their tweeter with non sense China FUD. Don’t get married: get a traditional marriage and get a nasty divorce, your wealth immediately split into half! It is no brainier why marriage is a trap in the modern lifestyle, and your lawyers won’t help you to get rid of divorce, you’re doomed! We know Jeff Bezos can buy the best lawyers on the planet to fight for his rights, yet the status quo court decide to prejudice all is his fault to get into marriage at the first place, you horny you pay the biggest price! This is justice!  Don’t use bank: Why! We all know bank is a very good investment! You get zero risk while you get a stable fixed deposit income! But why don’t use bank? Because we’re all fooled! We getting so poor today all due to bank! It’s bank fault! We’re all in huge debt! Don’t invest: Banker love to sell snake oil investment advice! Of course it’s full of moral values to be a decent human being, get a job, get married and invest in well diversified portfolio! Because business create value, we invest in business, and it is the only “real” economy, people who invest into anything else is not investing into real economy! Fuck it! Business itself is a virtual existence, it is an illusion, nobody can touch business, and it can create a lot of value today, by tomorrow it would be just gone and disappeared into abyss! Who the hell buy into this snake oil advice “business is the only real economy” is too dumb to be get rich. Finally, don’t get a job, because jobless is not a fake news, govt keep spreading fake hope that we have 0.000001% jobless rate, while many under employed staff wandering around the streets. well, it is really very hard to escape from all of these for regular people. but nowadays if you dont invest you will have no money in bank, and nobody would like to marry with you. so it may be a win win  human nature undergo marriage, only a small proportion do not do with their own perspective. but I don't think happiness in the world is only because of money. many things can create happiness, and I think true wealth is happiness |
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The most bizarre thing selling with bitcoins are altcoins. I'm not pointing at all the subcoins. But some altcoins are really selling imagination. People are paying bitcoin or etherum to get these dreams. Unfortunately, there are too many scams.
This is probably the best comment in this thread, at least with all the other weird things that people have named on this thread you are getting something in return, even if that something is weird, but with altcoins you get nothing except a bunch of numbers on your screen and the hope that someday you will be able to sell your coins for real money when you used real money to buy them! Now there are some good new projects out there but there are not enough of them to justify the thousands of coins we see in the market. I understand what this means, that is the biggest sale of ethereum and bitcoin, I think this is more inclined to use for less good purposes. many fraudulent projects that harm others even worsen the image of cryptocurrency |
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