At the beginning it was not that rosy, I followed some couple lots of fake trading groups on Telegram not until I learned the hard way before I started to desist from such channels, right now I can boldly boast of my own personal calls, not 100% right but much more better than lots of those fake channels calls
In the year 2015/16 there used to be a lot of pump and dump groups that mostly targeted Bittrex cryptocurrency pairs but the only problem was that you couldn't make money from those groups at all because the owner used to dump his coins after announcing it to his followers onto those who used to buy that coin after his announcement. I guess now it isn't the case anymore as these pump and dumps are illegal to participate into, at least in wall street it is. My first trading experience was back in 2014 selling the coins that I received in an airdrop, back then airdrops used to give you more than 0.04 btc usually, and sometimes more than that too. |
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Well considering the rate at which fiat and paper currencies are disappointing, bitcoin seems a good option, but even bitcoin is affected by price volatility, it would be a perfect fit if it is a stable coin, my opinion though
Governments all around the globe are currently trying to develop their own national digital currency and I guess in the future we will be transacting with these currencies wherever we go. Consider the case of China, in China most of the payments are processed by its own payment processors and mostly the Chinese people use digital methods of payment, they don't even have to type in the password for doing payments, their facial recognition software does its job perfectly. The future will definitely be governed by the digital currencies and bitcoin will also be one of those currencies. |
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Not saying i'm a fan of Trump administration but we all know about the current crisis and covid-19. Due to some travel suspension in all over the world it was totally expected to see some workers and employer lose their job during this time. After all, we are on the crisis period. Here the government can manage the the situation by giving some loans to the workers who can't do the remote job and support them by giving them discount card whenever they want to buy something specially food and cloth.
However, I believe if we didn't have the crisis Trump could brings much more employment chance for worker and decrease the rat of unemployment in US.
I don’t live in the US, so take my statements with a pinch of salt, as they have been forged trough the lenses of the journalist I usually follow, and not on my first-hans knowledge and observations. Trump administration did a very poor job in the US. True, POTUS has little legal power on this Issues, but US saw the plague coming from China and Europe, they had plenty of time to study and prepare, yet they thought there were a magic wall to protect them and took no action to prevent and limit the spread. So I think this is the main fact for which Trump administration can be openly blamed. Also when there was a time of choosing between saving the lives of millions of people or saving the economy, he chose the economy over the lives of his people. On top of it to combat the unemployment I have heard that he won't be renewing the visas of the working class living there to make up space for more people who are unemployed in the US and are native US residents. Everyone knows that US is a superpower mostly because of the immigrants that come in search for a better job there. |
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Additionally, the volatility and uncertainty surrounding traditional financial markets have failed to translate into a direct increase in demand for Bitcoin because the coronavirus-induced panic has seemingly highlighted the need for alternative monetary systems rather than push Bitcoin to the center of the global finance stage.
Think about this for a second, do we really expect the people be like: " oh damn, stocks are soo volatile right now. I should get into bitcoin." Because the right move is to move to bitcoin, a more speculative and a vastly more volatile asset, right? In case of an economic collapse the stock market is the first thing that crashes and then other domino falls. Thus to have a safer side a person should always hedge some of his money in crypto in order to have rainy day funds, as mostly it is seen that the crypto market used to rise when the stock market fall. Also when there was change in laws in China about capitalism in end of 2017 the Chinese stock market wasn't performing well, but guess what the bitcoin price rose tremendously back then reaching the ATH and that too in only a couple of months. |
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technically you can. why? 2 words: Satoshi Nakamoto.
It's arguable that the things that Satoshi has never actually implicated his real life identity. His likely use of a VPN/Tor has probably made it much more difficult for people to trace him. IMO.. satoshi is an anonymous group, not a real person. if he is a real person we can track him because even if he uses VPN or Tor network when he exchanges his Bitcoin for fiat money on the exchange, his identity will be found out because on average the exchange tracks the identity of the owner of Bitcoin who has a large amount.. Actually in the very first days of bitcoin there weren't any strict AML/KYC laws applicable to the bitcoin exchanges, most of the exchanges used to happen by p2p method, so only a few people would have known about his identity. And he never sold much of his coins, most of the coins from the starting days of bitcoin blockchain remain dormant to this date as well. Also as @Ranochigo said use of Tor and proxy servers would have made Satoshi untraceable as he would definitely be using them surely because he was paranoid for privacy. |
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What is the point of proving you own an address? Has it ever happened to you, to need it? I mean, yeah, if Satoshi Nakamoto signs a message from the address of genesis block, it is a big thing. But, except from this smart thread that you can prove you own your account, I find it useless. Clever invention, but useless. Question #2: I wonder, Satoshi was the first one who implemented blockchain. Was he the first one who invented the signing/verifying thing? Online transactions with bitcoin are always pseudonymous and the number one concern is always trust, but what if you have transacted with a person many a time and he is asking for the funds in a newer wallet, then you can actually trust him when he sends you funds in a newer wallet by asking him to send the signed message from the older wallet that he used to own. right!!! This is just a single use case, there can be many more. So signing messages feature isn't worthless after all. |
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If we are going to put basis on the pandemic, i am sure that we can say that there will be an incoming finanacial crisis, i believe that the effect of the pandemic is worst and we can maybe still feel the crisis next year, we need to be more practical and patience this time for we can help the government solve the pandemic.
the financial crisis really happened at the beginning of this pandemic. at present, it seems that my country has adopted a number of policies so that economic activity has almost stabilized. to be honest, nowadays people see COVID-19 as something ordinary, just by using a mask, and social distancing, it can be avoided, so they thought. however, the government is currently trying to keep the crisis from getting worse. People thinking of COVID as something ordinary is the biggest mistake that they are making, it is just like playing with their lives and is quiet risky if you ask me. If a person gets infected then he can spread COVID to a lot more people until he realize that he was infected. Day by day the spread of COVID is getting bigger and bigger in most of the countries and now the countries can't afford another lockdown because of the falling economy and this can only be cured by the development of COVID vaccines which will take much longer time as expected to do clinical trials as well. So the financial crisis is imminent upon us. |
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If you need a hedge you're going to have to use cash or precious metals (gold, silver or platinum)...
I don't think bitcoin yet has a reputation not to crash bad... Its probbay better than some stocks but not all, some places like the utilities and commodities should do well I wouldn't put all of my faith in crypto it'd be a bit like buying an airline stock...
The economy going down and with COVID to accelerate the upcoming recession I think it will be best not to buy stocks or any other investments and either invest in cryptocurrencies or in precious metals like gold and silver. The ones who will be having a lot of cash with them in savings will suffer the most because at the time of a recession the value of fiat reduces a lot because of the inflation and falling economy. For me bitcoin and crypto are even better than investing in precious metals unlike you, at least cryptocurrencies will gain a lot of value when people realize that the fiat is worthless in case of a recession and will opt for cryptocurrencies. |
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I'm not here to criticize but to clear the fact that bounty managers aren't perfect, many hail and praised bounty detective for their introduction to many new Bounties this year so far but i knew there are some bad eggs among the projects, one if the bad eggs is Kingcasino, the first time i investigate this project I knew something was off, the website design and the team which are fake team, they exit scam and even telling investors that they are scammed.  Sometimes even the best bounty manager can introduce a scam bounty project, no bounty manager is perfectJust today a few hours ago when I checked the bounty detective group there they said that the owners are going to return the money of the investors and also the bounty detective is having the tokens with them but as there is no use of the tokens so they aren't going to distribute it to the participants or will ask the participants if they want those tokens. Although now you are showing that the King Casino admin is accepting that they have scammed people which is actually pretty sad news to hear. Now all the bounty participants and investors have suffered really a big loss this time, the project seemed pretty good and could have done a great work if it were for real. |
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I also agree with you but in the process of using the banks there are high chances of your account getting blocked by the bank, there were many instances in which the account of the user was blocked by the bank and they didn't give any reason for doing so. This threatens many people who are also doing transactions in bitcoin. Can you give an example case? I have never heard that a local bank can block someone's account without a reason. Every customer has legal protection. Local banks won't be as easy to block as exchanges or other anonymous services because they are in different jurisdictions and you probably won't sue them for financial reasons. I like to do person to person trades with the people on the exchanges because then the bank won't disable my account because they will think that I am just sending the money to another person through my bank account.
Your reason contains a contradiction with your first statement. As far as you think, why would the bank block the customer's account to buy crypto while the bank considers the customer to only send money to other people like you said? If the bank can track the intention of sending money, then your account can also be blocked. Here is the link of the news article stating that the accounts were blocked by two banks and one resumed the services while other refused to do so. So this surely shows us how banks are targeting people who are transacting in bitcoins and other cryptocurrencies. Isn't it the abuse of power that the banks are doing and showing us that who is still the boss. Even though the owner of the bank account did a p2p trade after which his bank accounts were frozen, but in ideal conditions there wouldn't be any way to filter a person doing a p2p trade for buying or selling bitcoins from other persons, is there any!!!??? |
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In my opinion, staking is more risky because we do not know the price in the market. I mean the price in the market can change at any time, if you join a staking project that has a stable price or more rising, it will be profitable, but if you join a staking project, the price is getting fall or die then you will lose all the money you have
Same thing can also be said about investing that at one time you can invest in a project which is looking to have a good future and then suddenly after only a few months the marketcap of that coin falls more than 10x of what you brought it at. So there is always a chance of risk taking in investing and also in staking your coins as well. I personally like staking my coins as it gives you a little bit of income as well on top of appreciation of coin if any, so it is a win win situation as well because in investing you will be holding a constant amount of coins with you but by staking you can increase that number to a tremendous amount if you have huge staking power in the pool. |
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The more coins there are on the market, the better it'll be for the advancement of Bitcoin and Blockchain technology. But ultimately, one cryptocurrency will win. And that cryptocurrency will be Bitcoin. Just my opinion  Not really. After all, they're usually piggybacking off some existing blockchain, like the ERC-20. Why learn about Bitcoin through a shitcoin (and probably lose money in the process) when you could just start off with Bitcoin itself? People don't aggressively market bitcoin because there aren't any affiliate marketing plans involved in bitcoin. As people are paid to market other new ICO and IEO so they market those projects and earn money from them, whereas those people who watch the content on the marketer's channel are the ones that loose money in the process of buying that token and not bitcoin. I guess there should be campaigns to promote bitcoin also as it will prevent many scams from happening to the newbies. |
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We have seen numerous times people complain about unsolicited charges by banks which is not almost possible in cryptocurrencies if you're to save your money on Bitcoin or any other valuable cryptocurrency.
It begs me to ask this question; is it possible for one to move physical currencies to Crypto exchanges without passing through the Bank?
You can always do a Meetup with people who deal in bitcoin and then five them cash and buy bitcoins from them or you can go to forums like this one and ask people to do physical trades with them and tell them what you want and discuss the terms and conditions first before initiating the trade. Also there is always a risk of getting scammed in these trades also so always ask for an escrow that you both trust, it can be hard to find in first trade but it will be worth it to do so. I don't think a face to face meet up with people you don't know to trade is a good option especially Ina country where security is not their strongest point, I wouldn't recommend that at all, instead better use bank to transact regardless of the fees, you can't trust physical contact with people, you can get robbed in the process, looking for a trusted escrow can also be a problem. I also agree with you but in the process of using the banks there are high chances of your account getting blocked by the bank, there were many instances in which the account of the user was blocked by the bank and they didn't give any reason for doing so. This threatens many people who are also doing transactions in bitcoin. I like to do person to person trades with the people on the exchanges because then the bank won't disable my account because they will think that I am just sending the money to another person through my bank account. |
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India has the human element that needs a lot of money for production, but that human element does not have a lot of money in order to invest and achieve a lot of money and profits.
India will not be a market for investments in digital currencies, but the use of programs to pay directly to buy Indian products and shipping in digital currencies will make India the first country in the world.
we need some apps like paypal to bitcoin to work in india
There are many frauds related to PayPal to bitcoin and that is the reason only trusted people are always willing to deal in it, others just won't accept this kind of deal. A lot of people have been scammed in the past in the PayPal trades and even escrow also don't accept PayPal as a method of payment. But Indian crypto market is having a lot of potential in the short term and in the long term as well, because there are only a few companies in the crypto sector in India which directly means there is a lot of development that can happen in the near future because of crypto being legalised in India now. |
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Will the upcoming Bitcoin halving be a non-event due to the state of the world economy affected by COVID-19 ?
I think you mean the Halving that already happened? The next halving will be ETA 10 May 2024.... thats a long time, I sure hope Covid will be History by then! The halving that happened in the middle of May 2020 kind of got overshadowed by Covid. No super high price bounce, but it wasnt about the price bounce for me, I was happy to see Bitcoin moving along. I was a little scared to see the price falling at such a rapid rate back in march but thank goodness it was just a flash crash and the marker rebounded quickly. You are right in saying that the bitcoin block reward halving was overshadowed by COVID as there was news of COVID everywhere and everyone was afraid of what will happen next but thank goodness the government took control of everything and did an excellent job in mitigating the risk of the spread of this deadly disease. I believe that bitcoin price will rise in a couple of months just like the previous block reward halving and definitely COVID had an impact on bitcoin price before and after block reward halving that too in negative terms. |
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Probably our economy will turn back to normal,but it might be recover in several years. The damages is too much for us to immediately recover.There are so many things we are accustomed to doing such as buying using internet. I think that kind of business is the appropriate business for us. Due to the pandemic many businesses were bankrupt and closed, and we need to find a way to get up to continue life for our family.We all know that this is not just a trial but a huge blow into our lives and our economy.
I guess economy didn't take a huge hit due to lockdown and only a small part of businesses is affected. So it won't be much of a problem to restart the economy right after the lockdown is lifted off, as only a certain number of businesses are allowed to open in start so they will start building up the economy and gradually everything will open up even the schools and collages will also open and this will strengthen the economy more. Also banks will be willing to give loans at a cheaper interest rate than ever before so this will also be leaving good impact on the world economy. |
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After about five years of not touching Bitcoin, I notice that it became quite difficult to acquire BTC and get (back) into crypto compared to what it was like some years ago. Registering on an exchange and trying to deposit money has lead me into plenty of rabbit holes where I was requested different ways of identity verification which aren't quite comfortable per-se. Moreover, it seems that more and more regulations are in place and it's not as easy as it once was. Mining aside, I think things are getting difficult in a way, and it provokes certain thoughts. Thoughs of Bitcoin being more exclusive than it ever was.
Is it just me, or are people really ready to give out their identity just to buy some Bitcoins on an online exchange?
People don't have any secure and fast way to purchase bitcoins so they are ready to do KYC now a days. Every exchange has upgraded the norms, previously where you could have easily purchased bitcoins by just typing in your name and address on the exchange but now you should always do full KYC to be able to purchase bitcoins. I guess it is because of the exchanges saving their backs if any kind of illegal money comes on the exchange then they would have the culprit to blame. |
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Hi everyone, i understand that the global pandemic has caused different economic scenes in the world; but if you are still into crypto currency and bitcoin or you are about giving up on it.
I want to urge you to not give up on crypto currency and bitcoin because it is a wealth creator; all you have to do is to not cheat the process.
Bitcoin is a path to wealth transfer, and i want to encourage to save in satoshis, either daily or weekly; the future of bitcoin and crypto currency is here!
Actually the point of cheating isn't present in the case of cryptocurrencies as all the transactions are visible to all and you can't steal the coins stored in other wallets without their private keys. But I like your Idea of saving satoshis too as eventually your small savings will accumulate and will become a big number altogether. But without mass adaption all our efforts will wasted and you should always promote bitcoins to everyone that you know as more people will come and thus this could lead to increase in price of bitcoins. |
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Hello Everyone, we know that Bitcoin is king of Cryptocurrency World. It is a Best Profitable Coin of crypto world, and We Bitcoins Starting price and Running Price. So on this time many people has Intrested for Bitcoin Invest. Can you tell me that which Online wallet is best for Bitcoin holding or Receiving? Coinbase or Blockchain? I am Very confused with this Two online wallet.
Always it is advised that you should always use decentralized wallets for storing your bitcoins as they give you full control of your bitcoins and you can never loose your funds if you save your seed with precautions you can always recover your wallet. The above mentioned wallets are both online wallets and are less secured as compared to electrum or bitcoin core wallet. If you want to store your coins on your PC then you should use these 2 wallets, but on smartphone you can always choose to use bitcoin wallet which is official one or the one by bitcoin.com. |
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It is worth it to invest in Cryptocurrency?
Why not? Investing in crypto means expanding your portfolio. There is always a time to invest in cryptocurrencies, you shouldn't invest without thinking thoroughly as if the market shifts then you can loose a lot. Current market condition seems good to invest if it doesn't dump more, the price is predicted to rise in the near future and as the economy will start to flourish again then I am sure that we can see a new all time high because of more investors coming in bitcoin and cryptocurrencies in general. Last time in 2017 the price topped at $20k, this time I would like to see a new all time high. |
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