Are all crypto projects listed on coinmarketcap used for speculation purposes only ?
For the majority, the answer may be yes, but not for all. Essentially though it is, some are not only used for speculation. Suddenly we already can not expect that crypto will be used everywhere. Just remember when it was used in darkweb, now we have places we can use any cryptocurrencies as payment, and after some time we will develop further, and it will not be used only for speculation. |
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The main issue is how these innovations will be understood by the buyers. For example, the establishment of the BAKKT did not cause any change in price. We all want the price to reach $20k, but I am not sure about it. IMO, we can reach $20k until next halving, but end of the year is too early. Maybe we should wait for the $10600, afterwards we can decide what happens next. |
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Hello everyone, I was introduced to this forum by a friend who advice me to be marketing IEO/ICO companies but I see trading as the only thing I picked interest and willing to spend time here to learn. As a result of this I have dedicated 5 - hours daily to learn about crypto tradibg here in the forum since my research only keep me discouraged and scared due to their negative emphasis. I will like to know the difference between shot term and long term trading and the one that is much profitable. Also the different risk involved in both.
Best Regards
CHRIS
First of all, consider the volatility in this sphere and the high probability of losing in both trades and never start trading without having enough information. Also do not start until you overcome the fear of losing. Short term trading is not the kind of trade an inexperienced person can do. Much more risky. But long term is just about the wait, you wait years for the right time. Also, you spend the effort in long term trade by researching until you invest. But, in short term, this research never ends. lol |
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I have about $1k in local currency (Russian ruble) and I strongly believe that this currency is not the best choice to store money for long periods.
As you might know, there was a Crimea occupation done by Russians about 5 years ago. This was followed by sanctions USA and EU put onto Russia. After that ruble devaluation started. It actually could be stopped by now, at least hindered, as some serious people say, but the Bank of Russia(local fed) doesn't do anything. Though it must and has all resources to.
I suppose I will convert it to either btc or usd, I can't choose what is better... maybe I have to store money %50 in btc and %50 in usd... but I read somewhere there can be another global financial crisis soon... perhaps I could only store it as btc, I know there is a lot of people in Nigeria buying btc because its currency is hyperinflated and majority of population there don't have bank accounts. Well, the policy of Bank of Russia can also lead to unbanked population due to the fact there are lots of banks blocking all "suspicious" transactions without even explaining why it is so "suspicious". Oh and you also should tell where did you get this money and where they go to, otherwise we close your bank account, dear terrorist-money-laundering scum client.
I have reasons to believe Russia will finally turn to its African sibling in several years.
I know this is opinion-related topic and I shouldn't consider your answer as financial advice. Anyway I'd like to see what you think about it and what you would do. Even better, you could reason why you think this way.
If you think that the Russian ruble will fall in the future, it may be a good idea to diversify the investment by half. But, knowing about Forex would have made your work easier. Holding $500 will not provide you what you expect, but with Forex it can be exactly different. And in crypto trade, you can invest money not only to BTC but also to altcoins. |
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When we hear about Africa most of us assume about the poverty or unemployment but honestly the kind of natural minerals they reserve they could be one of the richest nation but the problem over there is that neither government nor the citizens get benefited by their natural reserves due to warlords occupying it but do you think if government takes stern step and utilize the resource in the appropriate way and accepts bitcoin as a payment mode for exports then Africa can bloom again and this will help bitcoin if those products can be purchased using bitcoin so it will increase the trade which will benefit them in their GDP and will increase the demand for bitcoin thus triggering the price pump.
Bitcoin's usefulness in the economy is that it is limited and everything is in front of the eye. How do you think BTC can help any country that can not mine its natural minerals? I am sorry, but I think the BTC is capable of providing other benefits to the economy. Making some decisions by governments could improve its economy. If so much minerals lies beneath the soil, the only culprit is the government. |
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I have mentioned a project called Sessia (kicks). The project offers something like incentive. After each purchase, you get Cashbacks, and your friends can see your receipt in the Feed. What's more, you get kickbacks from all their purchases in the same shop. What do you think guys about its future. I need your advice that should I invest in this project? Kindly suggest me. https://www.sessia.com/Even if you have thoroughly researched the project and the team, it will take a long time for the product to be ready. Because the product should deal with the stores worldwide, and that will take a lot of time. Also considering the current situation, it is best to wait, you can evaluate them in accordance with how they continue as time goes by. In addition, recently most projects that offer earnings have caused losses, which may be another reason to wait. Cashbacks are paid not in virtual currency or points, but in tokens, and their cost depends on the size and activity of the community. The more active businesses and buyers are in Sessia, the higher is the liquidity of the token, and so the positive change is token's cost becomes more likely.
And based on that, consider that cashback will be a very small amount for a long time. |
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At present there are numerous trading platform with good volume like Binance, Bitfinex, Kraken, KUcoin, Bittrex, etc and these are well know trading platform as well but can I get your help to identify a new trading platform with it's own token which might become a valuable token in the future just like BNB ? I want to experiment by investing into a exchange token when it's value is less as it might give a good amount profit. I am sure those who invested into BNB at it's early stage got my point.
I know a coin that appropirate your formula: Bgogo. If you are interested, you can find out more at this link: https://medium.com/@Grills/my-first-medium-review-bgogo-cf83aceb038fI have been using this name a lot lately, but I believe it can be a success in the future. Everyone is complaining about the big trading fee lately, however Bgogo pays you as you trade. |
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While the PBoC has yet to confirm the launch of "DCEP," China's finance tsar Huang Qifan says that the central bank has been studying it for almost six years
Huang Qifan, executive vice president of the China International Economic Exchange Centre, has confirmed that the People's Bank of China plans to roll out its own digital currency, which will be called "DCEP" (digital currency electronic payment).
China Finance 40 Forum (CF40), the organization that focuses on finance policy research and academic exchange, published a video that features an excerpt from Qifan's speech during the inaugural Bund Summit that is taking place from Oct. 27 till Oct. 29.
Qifan reveals that China has been working on the project for about five or six years. After the launch of the DCEP coin, the PBoC will become the very first central bank in the world to issue its own cryptocurrency.
Tongues have been waggling about the state-backed Chinese digital currency for quite a while. As reported by U.Today, it could pose a serious threat to AliPay and WeChat Pay.
Latter, it seemed like the "China Coin" was temporarily shelved -- a source close to the Chinese Communist Party revealed that the cryptocurrency would not be launched anytime soon.
However, President Xi Jinping's embracement of the Blockchain technology has put China at the forefront of the crypto conversation once again. A senior Chinese official also opined that Blockchain needed "special attention" after Xi's comments.
At this point, China is poised to become a leading crypto force despite formally opposing it. Bitcoin remains banned in China despite the fact that local miners are responsible for 70 percent of its hash rate.
SourceNow that Chinese Government is boldly showing their development in issuing the world’s first state-backed digital currency, will other countries follow the same path? What could be its implications to Bitcoin and cryptocurrencies? It is not surprising that China is one of the first to act in this regard. Actually, there were government backed coins created by Venezuela and Iran before it, but I do not think they made good progress. I guess this is something that resulting from their own econpmic situation. However China is a developing country, and innovative additions will have a positive impact on its economy. Even if other countries do not want to, they will not want to be left behind. With the development of the surroundings, they will not be able to stay as they wish, and when the time comes, they will be forced to do the right thing. |
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Bitcoin SV is up 15% in the last hours. Still predicting to go up today or am I late to the party?
Do not be fooled by the increase in the price of BSV. This increase is not due to naturalness, BSV is the another toy of faketoshi. A few months ago, its price increased instead of fall, which was a sign that we should stay away from it. The question of what causes it to increase and how long it will continue are unknown. You can contact Craig Wright to find out the answer. lol |
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Think it's 50/50. What about you?
100% altcoin season will come. Altcoin holders are too much to expect for nothing. In other words, it is impossible for the whole market to be the only BTC, we just need to give it some time to recover, then the altcoins will grow. In the next days BTC will increase due to halving and this increase will have an impact on altcoins or more quickly. |
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Despite the legal frustration faced by Libra and GRAM, altcoin is in line with the historical evolution of payment system; from bartering to the first coin ever minted (in 600BC) to bank notes to credit card.
Consider that anti advertising is also an advertisement. Much debates about these issues caused most people to hear about cryptocurrency. In my opinion, full decentralization might not be achieved at the time being but if altcoin survives this phase of trial time, crypto market will witness a massive adoption compare to the previous years but in a very slow pace.
Why do you think Mass adoption will continue slowly? Unlike you, I think it will accelerate as time goes on. Once this circle has established, its growth will accelerate further. |
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Hi guys i want to know what is going on with these projects
1. Windhan
I helped promote the project, although i was still a newbie at the time in selecting good bounty projects but windhan managed to raise money more than their target softcap.
The site and twitter page are inaccessible. I can not find ANN thread of them. In addition, Wapinter was BM. They have not been active in a social network for a long time. Windhan probably scam. 2. YESWallet
I have nothing much to say about this one but the wallet still works and functioning well, i can't gather enough info about them though i don't use the wallet because its online, no private keys
There is a great calmness everywhere they are relevant. There have been no posts in the YESwallet telegram since May 30th. This inactivity is too much and I do not think it can benefit you. 3. Dispatch
I am hearing the rumours that dispatch is a scam, the teams are not helping infact they are the reason i keep thinking that the rumours might be true
Any information will be great,thanks
I guess what is written on the last page will be enough: https://bitcointalk.org/index.php?topic=3289130.4680 |
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If these sites just go for some verification before promoting these scams, it would be very good for the visitors. Verification can include Mobile verification, Identity verification etc. These sites are an open image of crypto, if these sites just reduce their earned money by a bit and plan for long term then it would be beneficial for all of us.
Although CMC has taken a precautionary measure, it is still possible to encounter such advertising elsewhere. So instead of believing in each of their ads, why not do research? I know this is a trap for those who are not familiar with this sphere, but there are new ones who are aware of the danger of these traps. Or once s/he is trapped, s/he will take her/his first lesson, and we will surely meet her/him in this forum. To avoid this, do not just believe in every advertising games, you should do your own research. |
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I must say a very big thank you to all forum members because I have learnt a lot from their different opinions however, am still not stable on the part I should actually stick to Trading I ask about most of the responds are discouraging about losing funds high risk and all the rest in Marketing aspect I find out that most of the IEO/ICO turned scam in most cases. The question is I really picked interest in Trading but my intention was to work as marketer/Promoter and get paid in the crypto industry but based on different opinions and some research I can't really tell which of the above will be suitable. I really need opinions here thanks.
I do not think you have to choose either. If you do not think it is gonna be hard for you, you should choose both. Consider trade as your main business and promotion as an additional. Because, if you have enough experience, you can not get more money than trade provide. And the promotion is to avoid wasting time without thinking about the money you will earn. |
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The first two are the known and the used ones. What about the third one? I have seen many manipulations and since we are a 7/24 unregulated market, we are more open to manipulations. Which has the more effect on the price? Time to time, I have witnessed that some manipulative moves are occuring right before the technical analysis is pointing some directions. It seems like some people are trying to move the market according to their thougts. There are counter manipulative moves surely but we should take this into account as well.
The reason that manipulation affects the price more is that the massive amount of money that entering the market by thousands of people is suddenly flowed by one person in one direction. Honestly, it would upset all analysis, but that does not mean manipulation is a big force. This is only due to the low value of the market and the deposit of as much money as desired by everyone. This is only an opportunity for the fraudsters to benefit until these issues are solved, and will eventually fix. |
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Aside from monetary incentives in crypto, I rarely come across discussions pertaining to why the average enthusiast in crypto is involved with crypto. While the answer may be pretty straightforward, there are some outliers.
Crypto means much more than just monetary incentives, it's essentially a technical revolution that has involved the masses, something you and I can be apart of. Ultimately, that's probably one of my greatest interests for blockchain and crypto. Another big intrigue for me is the evolution of blockchain tech in itself. I've been around for quite sometime and have witnessed the evolution of cryptos, businesses, behaviors and attitudes.
These 2 factors, along with several others, are the reasons I continue to be involved on a community and business level with crypto. It's become a hobby, passion and business for me.
Mainly, I feel like I am free with crypto. If we debate about this, the economy is the most important in everywhere and everything, and I think if you are economically free, then you are free. For now, our freedom seems to be limited in such a large area as the internet, but we will take our freedom beyond borders. Also, we use crypto for trade too, but this should not be seen as misdemeanor, in capitalism everything is traded, even the breath we take. |
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Are trading fees too high?
There is a no-charge exchange, even pays you in every trade: bgogo Actually, these kinds of exchanges are too much. But, if you are looking for DEX, investigate bithumbDEX that does not charge transaction fee. You can also try 0x, which offers a zero-fee trade. There is an option for everything, but we are "against" DEXs. |
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Is it possible that we see another altcoin season, if Bitcoin breaches the all-time high and go above 20k? Do you find a direct correlation?
At least the increase in BTC's price will cause an increase in their price. For example, reaching $20k will increase ETH's price more than 2x due to its price against the BTC. On the other hand, as long as the increase is continuous, this already cause the influx of investors, and this is in increasing interest in altcoins. I would not know it would be 100%, but when we think about it, there is a big possibility. |
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Anyone have any thoughts on coins that have their own DEX's as far as future price?
I know Bitshares has a good one. It's an easy two step process to sign up, Just pick a user name and they give you a password which you then have to copy and paste in. One can print that out as a type of hard wallet.
I don't know about other coins except that Komodo I thought was working on one about a year ago.
If you search on Google, you will get more, but what I do know: 1. Wave2. 0x3. Bancor4. We can also add BNB (BinanceDEX) here. |
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If both addresses are theirs, investigate. But do not get the idea that they are just scam without knowing what it is. As friends have indicated, there is only one address in the telegram. Maybe they re-created another one because there was something wrong with the first one. Besides, wait until you get an answer to your question. |
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