It is indeed true, many ICOs are scammers now, but I don't think that there are a lot of cases when this is an issue. Good and proficient investor will distinguish scamming from trustworthy ICOs, while novice might not see anything suspicious about obvious scammers. Some sort of regulation might be helpful though, but again, how can you trust that?
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Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?
There is no certain reason for bitcoin price to go down, it's always a different story: government regulation, ddos attack, investors and companies manipulations, etc. It is just coincidence about January. Just look at 2016 year, for instance, bitcoin price fluctuations were minor, compared to the summer of that year. It is all about demand.
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Friends would like to hear your opinion on the use of artificial intelligence in the trade in crypto currency. Someone has already met this, I would like to hear all the pros and cons of this method.
Trading bots can save your time, that's why I like them, you don't need to stare at your monitor all the time, you can just mind your own business. As for other advantages, I think it's useful if you're a starting trader and you want to learn about how things work in a certain sense, but if you're a good trader I don't think that bot can perform better, than you do. You can learn from your mistakes and improve your methods, but I'm not sure if there's such a possibility for bots.
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Because it's fun, it makes you feel fear, happiness, saddness, anger and satisfaction all at once. Many people like to think that they are earning money, it is a chance to win something, but, unlike in lottery, you can have your own strategy, even though winning is about luck, you feel like it's your own attainment. Also gambling helps some people to move beyond their problems for a while, so they can relax and enjoy the competition process.
] some of the people are interested more than enjoying these moments only but they seek for earning money. Pocker and a few other games are popular to play online on casino's websites because people like it to play to win the game not to earn the money. Some of people, or most of them? I think you're right that more attractive moment about gambling is the whole process, rather than the profit. On the other hand, why then most people choose playing in online casinos, where they can win real money, but not some virtual money, that doesn't have any real equivalent. There are casinos where you have an option: play for money or for free and mostly people choose the first option, otherwise real money casinos wouldn't be so popular. Who would want to spend his money, while he can have the same enjoyment for free? That's the point: the enjoyments are different.
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Bitcoin Trading isn't Gambling but Buying Bitcoin is “gambling”, in the sense that its an investment that could price crash at any time.
It is like gambling, but not as risky. When you gamble and lose all your money it is impossible to receive any kind of refund, it could happen while trading, though, but the probability is lower, you can track the price changes at least. Also trading isn't addictive, so you don't feel like you have to put all in because of a chance to gain a lot more.
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Lower fees, transactions are approved within minutes or hours and not within DAYS!
Can this please keep itself like this permanently?
This is good news. But unfortunately it can't last forever, when bitcoin's price rise up again inveterate traders will trade huge amounts so that paying 15$ for transactions will be affordable, while regular people would have to overpay for transferring average amounts, or just wait for confirmations of transactions for weeks.
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and how would they regulate taxation protocol when holders of crypto transact anonymously?
South Korea might have implemented something similar to US IRS in 2014. They taxed not only cashing, but also trading cryptocurrency to cryptocurrency and purchasing goods and even some of the wallet-to-wallet transfers may be taxed. Certainly, one can avoid paying taxes at his own risk and peril, because it's illegal. The thing is, cryptocurrency transactions are not that anonymous and can be tracked if needed. Take a read on this interesting article https://www.buybitcoinworldwide.com/anonymity/
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Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?
It has minor effect for now, I think. In most countries you still can't buy anything with bitcoin, but when most people start using bitcoin and keep their savings out of banks it will affect country's economy a lot. As for today, country's economy influence Bitcoin rather than the reverse.
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I am a newbie, I just want to ask how exactly are you losing your money in trading? Can anybody explain how you lose your money in trading? Correct me if I'm wrong I just think that when you buy high but you sell it in low price I think you lose, right? What if you you buy it at a higher price then the price falls on the next days or week will you loss something? What if you'll just hold for it and wait for the price to bounce back? Thanks for your opinions! ☺️
It is what people should do - hold and wait for price recovering. But why people sell BTC now then? You never know for sure, and at one moment you just think that you better sell your coins now and lose some money, but at least you won't lose everything. It's funny that in gambling it works right the opposite. That's why I think trading is safer.
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From the past few days the bitcoin has been plunging but as they say things fall before rising up. So any ideas or predictions when bitcoin is going to cross $20k mark?
I find this situation quite similar to the one that happened in January 2014. Then, BTC price was about $1000, and after a chain of events, like a ddos attack, US IRS Bitcoin tax rules, and, tо top it off, panic selling caused Bitcoin price falling by 50% and even more. Lots of people made conclusions and gave up on BTC, but the smart ones bought it, catching a perfect moment. So 3 years later the price has recovered. I think now more people have learned the lesson: BTC will always recover and even more, so I think it will take 6-7 months for Bitcoin to be $20K again.
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I have been thinking of this for long and the reason being that a lot of bitcoin transaction is going online everyday in many countries and i think government can generate IGR from this if possible. I am not a programmer and i have a little knowledge about bitcoin technologies but i just want to know if it is possible.
I think taxes are possible when you cash your bitcoins, as long as it's the only stage that isn't complete anonymous, in other circumstances how can anyone know and proof that you even have bitcoin and that you accomplish transactions. And if somehow there will appear transaction taxes (apart from transaction fees) bitcoin might lose it's popularity, because the whole point of BTC was the ability to pay peanuts for transfer of money of any amount.
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I just work on bounty at this moment.But every person have a dream.I have a dream.I want to make a big investor.I want to invest on ICO. Can anyone explain me, Have any risk involved invest money on ICO?
There are three main risks about ICOs. First one is that people are planning a project for real, they draw up a plan, attract people, investors and companies and raise needed funds, but the whole project might be a failure and doesn't bring money, so investors don't gain much. Second one, needed amount of money haven't been reached, so the project can't be launched, in this case, if everything is fair you get your money back, but you wasted your time, which might be even more important. And the third scenario, which is fairly probable, there was no project planning from the very beginning, some people just wanted to take the money from the crowd. Hence, to make a good investment being good at economics and business isn't enough, you should also read people like the book.
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No wonder it has "finally" happened. Now that governments and banks realized that Bitcoin is a way for self-policing and their full powers will begin to be on the wane they're trying to prohibit it, like in China and South Korea, or, in more democratic countries just to draw people over, lure them away. The question is what will people choose: freedom, or yielding to pressure.
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Hardware wallet would probably work but there are better ways to keep offline wallets as well. Such as a paper wallet. you can generate and print one from http://bitaddress.org/ for example. If you insist on electronic storage, I'd recommend a usb-stick over a hard drive. Also, don't use the bitcoin.org software for that wallet, it's a pain in the ass to use that way. Multibit, for example, would work better. But aren't paper wallets vulnerable to malware? Especially the unencrypted ones? Unless maybe you have a special multi-key paper wallet, but for that you would have to find a reliable and qualitative generator of mnemonic code. Quite apart from the fact that the printer can be unsecure and have an internal storage, which might be hacked.
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People often compare the speculative bubble of Tulip Mania hundreds of years ago with that of Bitcoin. Gold also tends to have speculative bubbles when stock markets crash.
I've been pondering the Tulip thing and the whole concept seems flawed to me for one simple reason:
A Tulip bulb could cost many thousands of dollars, but wouldn't most people have planted it to gain more tulip bulbs with the aim of selling them, ultimately flooding the market and inevitably driving prices down again?
It is flawed. The situations are way different. The Tulips were popular among rich people and they were selling them to one another, the price was rising, but then the war consequences and the market place has fallen, therefore people began to sell all the tulips they had for low price, which caused price rising again. Eventually they price became that big, that no one could afford to buy those Tulips. Due to this some people sold poor grade Tulips for low price, while others were in speculative activity, they were selling product they didn't have to people who didn't have money to buy it - they concludes contracts, called "futures". At the same time children of a flower gardener found his Tulips of premium variety and set them for an auction. That day was crucial. People began to buy those Tulips (again, they didn't have money, they were just hoping to sell those Tulips for much bigger price on the next day) and the value increased by many times. Because of that the overall Tulip price increased and all those people, who concluded contract could barely pay off compensation for termination of a contract. Since all parties to contract were close related people they just got into quarrels. As a result, no one ever wanted to buy those Tulips. Bitcoin is different, because it can't be set for an auction, it is popular among people from all over the world and there's a limited amount of it.
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If you are planing to invest, but not trade - Cardano would be a better coin for you. One of the main things that should be brought to notice when investing in cryptocurrency is maximum supply, I think. For Cardano it's 45 billion ADA and for NULS there can be an unlimited number. Therefore, when the coin becomes popular, there is no guarantee that it will grow in price. And I feel something suspicious about NULS, it might be a scam after all, it has risen in price too fast.
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What is the safest way to keep bitcoins.
Taken dangers like hacking, losing in to account!
DO NOT store it in digital wallets, they do promise safety and all, but obviously there is no better way than installing a hardware wallet, like Trezor, it will cost you money, but it is really much more secure, and whenever you receive your PIN and seed just don't be lazy and write it down on a paper, better to have two-three copies and DON'T LOSE it, because the whole password recovery process is a true slog, the best way to keep your passwords safe is memorizing them.
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While I don't have many posts. I got involved in Bitcoin in 2013 and joined this forum in 2014. While I do not consider myself wealthy from Bitcoin yet. I do have an idea of how I would like to direct some of this new found wealth. I think most of the people who got involved early got involved for the right reasons. IE: To change the world and move humanity out of the control of the bankers. I am concerned that the new people coming may only be in to make money. I hope I am wrong, I really want this technology to be a force of good in the world and deliver economic freedom to the masses and the unbanked. My hope is everyone who was early, has some idea in mind that will help others. Maybe help your family, or a charity that you think isn't wasting money, or building a community swimming pool etc. If you have a lot of money think big and how you can change the world for the better. This is our chance!
I totally agree with you, Bitcoin isn't just for making money, and we can see it's happening now through the transaction volumes and fees, and new tendency to create BTC banks, imposing taxes on cryptocurrencies. Bitcoin now is beginning to lose its best advantages - low transaction fees and independence. But still it is good news that cryptocurrencies are growing on people now.
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I have 3 ETH and i want to buy some Waves and hold it for long time. Which will be the best option? Buying Waves or Hold ETH!
I wouldn't suggest you to sell ETH, just compare ICOs that use Waves and ICOs that take advantage of Ethereum, and it's because Waves underperform comparing to ethereum: even though smart contracts are not as complex because of built-in plug-ins, blocks time is almost two times longer, price and, which is more important - Market Cap is much lower (about 1000 times lower, if I'm not mistaken), For me Ethereum is second to Bitcoin and I would never exchange it for Waves.
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