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1  Bitcoin / Bitcoin Discussion / Re: Is crypto capable of making the world go digital? on: October 18, 2018, 04:34:05 PM
Crypto is much more capable than most of the people think. Crypto technology is the newest technology and has the power to bring about a change in everyone's perspective. I mean just look at it, its just been ten years and crypto is the  ruling power. It has brought about a significant change in the world economy. It is always up in the highlights. Everyday something or the other is happening on the crypto platform that is affecting our lives day to day. So, according to me bitcoin has a powerof making the world go digital. All it needs is  just a few time and support in certain location.
2  Bitcoin / Bitcoin Discussion / Re: How Practical is Bitcoin As Payment Service? on: October 18, 2018, 04:18:40 PM
Absolutely safe and practical means of transaction, bitcoin is!! Actually there are many places where bitcoin has come to be recognized as a legal tender. And then there are many reputed multinationals just like SAMSUNG, that are supporting the crypto market in full swing!! SO it is totally ok for people to use crypto coins as payment option. But again the same thing, that cryptos are still not a legal tender in most of the countries!
3  Economy / Economics / Re: Bullish news: Fidelity made it easier for hedge funds to invest in crypto on: October 18, 2018, 11:20:03 AM
Fidelity Investments is launching a new company for institutional clients that will trade and store cryptocurrency assets such as bitcoin and ethereum, the mutual-fund company announced Monday.
The new company, named Fidelity Digital Asset Services, will not set up an exchange to trade cryptocurrency assets, but will connect with a number of other crypto exchanges to help its clients quickly find the best price. Fidelity will also store the private keys that control cryptocurrencies with a combination of enterprise software and vaulted cold storage.

Fidelity, which oversees more than $7.2 trillion in client assets, is hoping the new initiative will help it tap into what it sees as a sudden and recent interest in crypto among institutional investors such as hedge funds, family offices and market intermediaries.

(Source: http://fortune.com/2018/10/15/fidelity-launches-company-help-hedge-funds-big-investors-trade-crypto/ )

It is true that the hedging funds has always been of interest to the institutional investors and this move by the Fidelity Digital Asset Services will capture a big share of the market thus enabling it come to the highlights. It's true that the demand for the same has been quite a few high. And if the company moves with the right strategy, targeting just the right market group, it will be able to survive better in the long run.
4  Bitcoin / Legal / Re: Cryptocurrency and regulation, do we need it? on: October 18, 2018, 11:08:19 AM
I do not think that there is a need to associate regulation with the negative impact!! In fact, regulation sometimes prove to be beneficial for the country because everything moves in a systematic and organized manner. So the environment of the crypto market, remains friendly for the community because there would be lesser scams and frauds. This way there would also be a controlling authority to look over the market conditions and regulate the acts of the market. Yes, we do need regulation unless it curbs the activity of the market in a negative manner.
5  Economy / Speculation / Re: What factors cause the fall in price of Bitcoin? on: October 18, 2018, 10:31:17 AM
Not one, but there are many factors that affect the prices of these volatile crypto coins. Moreover, the FUD that media creates in the minds of the people., creates panic throughout the community and leads to a disturbed atmosphere. Such kind of panic is completely disgusting for everyone else in the community. So now your question what causes the fall in the price of the bitcoin...the exact reason cannot be predicted, because price changes is the result of various market factors affecting the BTC price, so you cannot just fix responsibilty on one stupid reason!
6  Bitcoin / Bitcoin Discussion / Re: here you have it economists speak against bitcoin on: October 18, 2018, 10:03:37 AM
Economists, Scholars, Philosophers, Entrepreneurs, Businessmen have their opinions for the crypto currency market. Not only the influential personalities, everybody have different perspectives for the crypto currency market. It is their own personal viewpoint, whatever they think about the crypto market, whether in favor or against the system!! So much scene should not be created for this sort of issue. It hardly matters!!



7  Bitcoin / Bitcoin Discussion / Re: China can destroy bitcoin on: October 18, 2018, 07:21:43 AM
China has got to impact the crypto currency market because of its strong crypto holding in the market. China can affect the prices of the bitcoin seriously but cannot completely eliminate Bitcoin or detsroy its rapport. CHina has become a threat to the crypto market, especially the bitcoin according to the latest reports. The ban imposed on the bitcoin by the People's Republic in China had worsened the situation for the crypto trading in the country.

Go through this report by : Researchers from Princeton and Miami International University: "The looming threat of CHINA" :
https://bravenewcoin.com/insights/china-is-a-threat-to-the-bitcoin-network-says-new-report
8  Bitcoin / Bitcoin Discussion / Re: Bitcoin dominance threatening the existence of most cryptocurrencies on: October 18, 2018, 06:58:57 AM
Dominance of bitcoin in the market is not threatening to other coins, what I think!! Most of the new members of the community have preceived the meaning of the bitcoin dominance in the wrong sense and that make all the difference! Everybody's got their own viewpoints regarding the bitcoin's dominance, and everyone's level of interpreting the same differs. So it is entirely subjective matter and let's not get into that. What my opinion is that the bitcoin is a major crypto coin, so the price movements of the bitcoin have either a direct or indirect bearing on the price of all other cypto coins. Actually all other coins do not have such a good market capitalization rate when compared to bitcoin. So that's the reason they do not come up in the highlights!!
9  Bitcoin / Bitcoin Discussion / Re: How can you invest in bitcoin without being scammed? on: October 18, 2018, 06:42:15 AM
There are chances of scams everywhere and therefore, you've to be double sure here before doing any transaction. Online transactions are more prone to different kinds of risks and scams. The online world is full of malware risks, cyber attacks, online frauds and scams. So the party has to be smart for one's own sake so that you do not have to face problem later in the future.
 
if you invest in the official market exchanger site from bitcoin, there will never be a scam. prices suddenly fall? it's not a scam, bitcoin is indeed volatile and I really enjoy the current price movements.
You have to watch the market on regular basis so that you're well aware about your market environment and also you can safeguard yourself from the various kinds of risks probing out of the same. One who is well prepared and aware in advance will only be able to survive in the long run!!
10  Other / Beginners & Help / Re: Where do you go to buy bitcoins? on: October 18, 2018, 06:32:26 AM
In my country the situation is pretty stressed up when it comes to buying and selling of the bitcoin. RBI which is central authority here has warned he local banks from denying the services to the crypto related bank account holders.

So we have only one option to trade and invest into the bitcoin and thats LocalBitcoin. I cant even think about the trading of crypto currencies into fiat currency directly as it would be tracked down and could lead to ban over accounts.

Now recently I am intrigued with the news that Unocoin one of the exchanger in India has now overcome with this situation by placing the ATM's in India. So I guess thats option #2.
Correct!! the situation in India has been worsened by the statement release by RBI and has made it really difficult for the people to undertake any crypto related transaction. Zebpay the most trusted crypto exchange in India was forced to shut down and that was a massive hit to the Indian crypto market.

And I was to also mention about the UNOCOIN, India's first cryptocurrency ATM launched in the city of Bengaluru. Right now the limit imposed for deposit and withdrawal is just 1000 INR, but still it's a shining ray of light for the crypto community.

It is a one bold initiative by the virtual currency exchange overruling the RBI's orders. Read more about this @ https://www.thenewsminute.com/article/india-s-first-cryptocurrency-atm-launched-bengaluru-90117
11  Bitcoin / Legal / Re: SEC to Begin Reviewing 9 Rejected Bitcoin ETFs on: October 16, 2018, 11:33:14 AM
Hope this good news will add positive trading volume to all cryptocurrency, The Securities and Exchange Commission (SEC) has set a late October deadline to begin reviewing proposed rule changes that would allow several regulated exchange operators to list bitcoin ETF products on their trading platforms.
source of this news  https://www.ccn.com/resurrection-sec-to-begin-reviewing-9-rejected-bitcoin-etfs/

I'm sorry but I don't think it will bring any impact on the current price. Its just a review and nothing more. They have rejected everyone so I'm sure that we will get the same results here. I'm not against any ETF, it has both advantage and disadvantages, however, those who are in line for review is no different from each other, it still doesn't answer the universal question that SEC has been asking for "how can they prevent the market from being manipulated?
Although it is just a review as you said, but what I think is smallest of a thing has to have an impact on the market rates of the crypto coins. Crypto coins are very volatile and fluctuate with due to any FUD that is being created in the market.
Better they allow some to pass. It is funny that Bitcoin future is trading but no ETF allowed, it should be the opposite, to allow ETF first before the future.
Kinda weird it is, what I think! Allowing opposite ETF first and then future, doesn't sound reasonably logical!!
12  Bitcoin / Legal / Re: Bitcoin country on: October 16, 2018, 11:19:10 AM
Whatever the OP is saying is right!! But the thing is there are still many countries which are yet to give a welcoming acceptance to the bitcoin. So that makes it a problem. Countries like Netherlands, US, Japan have always been highlighted due to their crypto-friendly behavior. But now as a matter of fact, it's time for other countries to come forward and take an initiative in this regard so that they also come into light. What's the point in highlighting these countries time and again. That's just the waste of time unless other countries learn from their example!!
13  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin become the reserve currency of the world? on: October 16, 2018, 11:06:59 AM
Do you think Bitcoin will become the reserve currency of the world sometime in the future? I was wondering about this since Bitcoin is now a widely used cryptocurrency worldwide. Since most altcoins in the market today, are dependent on Bitcoin's price movements, it seems like Bitcoin is the reserve currency of cryptocurrencies.

However, if Bitcoin tends to become more popular each day, it could eventually take the USD's place as the reserve currency of the world. Hence, what are your thoughts about this? Will it happen or not?  Huh
LOL!! That is a very far fetched dream, my friend!! Bitcoin is yet not accepted as a global currency, there are many countries that are still not ready to opt for crypto currency market. They have a very rigid approach towards the bitcoin and other crypto currencies. Such kind of a rigid and arrogant attitude towards bitcoin makes it difficult for the currency to survive in an economic system. So bitcoin has become only a means of an investment in those countries and a DIGITAL ASSET. Then there are other countries where the government has imposed a complete ban on the crypto market.
14  Bitcoin / Bitcoin Discussion / Re: The Whales; Myth or not on: October 16, 2018, 08:32:51 AM
Whales are very much real and they usually controls huge amount of BTC (as we are talking BTC investment.)
That is correct!

Market is directly or indirectly influenced by the presence of these big whales. Usually they hold a good percentage of market share and therefore that has a bearing on the prices of the market. They have an influential role in the market.

P.S.: It is difficult to identify these people but secretly or in whatever way, they tend to affect the market!
15  Bitcoin / Bitcoin Discussion / Re: Total Ban on Crypto Exchanges Unnecessary: Hong Kong Regulator on: October 16, 2018, 08:18:50 AM
“We have to carefully consider the regulatory approach for these platforms because they are new technology and may not qualify as securities. They do not fit in the custodian, audit or valuation requirements, for instance, normally expected under the Securities and Futures Ordinance.”

Tong added that the SFC is evaluating the best approach to regulate cryptocurrency platforms “to a standard that is comparable to that of a licensed trading venue, while at the same time ensuring investors interest are being protected.” 
(Source: https://www.newsbtc.com/2018/10/15/hong-kong-to-propose-regulation-for-cryptocurrency-trading/ )

It is seen that the Securities and Futures Commission (SFC) Chairman has got a different point of view for the mainland China's ban of the crypto currency. Obviously he has got the right approach to look at this matter, because when crypto is trending, and so many people are already indulged into it, then how can you expect a total ban would work in such an environment without really effecting the economy of the country.
16  Bitcoin / Bitcoin Discussion / Re: Bitcoin grows everyday through Shared knowledge on: October 16, 2018, 06:01:52 AM
This platform of bitcointalk forum is one of its kind and is best suited to help people gain knowledge regarding the market. Everyday people share something new on this portal and this adds on the knowledge, and then it goes on like this: people keep on adding their views and perspectives that affect the views and opinions of everyone on the forum. This way the process continues and it becomes an interactive practice.

So it is true that bitcoin grows everyday through shared knowledge!!
17  Bitcoin / Bitcoin Discussion / Re: More Regulations For Cryptocurrency? on: October 16, 2018, 05:28:28 AM
No need for more regulations on cryptocurrency because there are some countries that relatively would not appreciate cryptocurrency to be applied in their country for some reasons on security. However, a certain country could make their own regulations and this may apply only into that country and not as unified regulations for cryptocurrency. Better be this way in creating more regulations for cryptocurrency.
See more regulations not always mean a bad thing for the crypto. It may be good if the government of your nation has accepted the bitcoin and their rules and regulations are also allowing the market to work in an efficient manner, thus leading to better market conditions. Not all the countries work this way, in fact!! There are many countries that make it difficult for the crypto currency market to function in those countries and have led many problems for the people.

PS: Regulations in many countries have led to reduced scams and also lesser darkuse of the crypto coins!
18  Bitcoin / Bitcoin Discussion / Re: 5 Years From Now in Crypto? on: October 16, 2018, 05:23:17 AM
5 years is a long time, I really hope to see a good future for the bitcoin in future. While we very well know that this market is quite unpredictable, so nothing in this regard can be said with surety. Obviously all the members of the community who are HODLing in the hope of deriving long term benefits from the market would want to see the market flourish. They would want to see global acceptance, liberal policies for the operation of the crypto currency market, lesser bondations and more support from the higher authorities.
19  Bitcoin / Bitcoin Discussion / Re: Professors & Economists (Noriel, Weaver,...) shooting agains BTC! on: October 15, 2018, 06:45:40 AM
Everybody has got their own point of view regarding the crypto space, all have different perspectives of analyzing things. In fact let us all not get subjective here at this point and share our views on the topic. Economists and scholars are influential people, whatever opinion they give has a bearing on the mindsets of people. And it is right, negative or positive whatever they say, will become a buzzing topic for the media. And it then becomes a media FUD affecting the market in so many ways!!
20  Bitcoin / Bitcoin Discussion / Re: Bitcoin Acceptance. on: October 15, 2018, 06:08:40 AM
Acceptance to bitcoin globally is still an issue because still there are so many countries that are not ready to accept bitcoin even with regulations being imposed. While there are other countries like Japan who have become leaders in crypto economy and set such liberal policies for operation of the crypto market. The other countries are not ready to accept this change really because they are reluctant to move to a thing that would be beyond their control and the operational autonomy won't be enjoyed by them. Anyhow it is going to be long before bitcoin becomes a world leader!!
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