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It seems to me that each cryptocurrency user can answer this question in different ways, since someone uses cryptocurrency as an accumulative means and at the same time tries to avoid paying taxes, and someone uses as the only possible source of income and at the same time, the person has nothing to worry about. Nevertheless, cryptocurrencies initially inherently assumed anonymity to each user, but no government would agree with such a feature of cryptocurrencies. And therefore, we have only two options: either cryptocurrencies will be prohibited, or full legalization with full information about users.
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I don’t think it’s profitable for banks to issue loans in cryptocurrency, except at a huge interest. Indeed, in the event of a running race, those who took out a loan will be able to repay it very quickly and remain at the same time in a big plus, I do not think that banks will allow this. Most likely the course will be fixed. But this is all of course guesswork.
Can you tell how many percent of the total number of people on the planet use cryptocurrency now and how many people will use it in 10 years? The community of cryptocurrency users is still very small and I doubt very much that banks will issue loans in cryptocurrencies to ordinary people, because it will not be oil of character and no one will rebuild the entire financial system of banks for this. Nevertheless, banks will be able to very actively use cryptocurrency for cooperation with big business. |
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Of course, we can assume that the whole area of New York can be named after cryptocurrency, but knowing what laws in the United States, it can be accurately assumed that such an idea will encounter very big bureaucratic problems. Especially if you take into account the current attitude of the US government towards cryptocurrencies, then you can not rely on the support of local or central authorities.
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I believe that Venezuela can make a very big stir not only in the world of the cryptocurrency market, but also create a panic in the government of the United States of America. I believe that everyone knows that Venezuela is practically the leader in holdings of world oil reserves in the world, which make up about 18%. In addition, I want to mention the fact that the leaders of the Venezuelan oil and gas industry PDVSA plans to use Ethereum and Bitcoin as payment for their suppliers. In this way, they can circumvent the sanctions of the United States of America. Based on this, I believe that cryptocurrency can dramatically change the situation with the economy of this country.
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I've been in trouble and now I have a lot of debt Can I double my capital in two months because if I do not pay I will die or be imprisoned Please help me I think I am a professional but I am nervous now I can not trade well  In cryptocurrency trading it can happen, you have to regularly update cryptocurrency information to find coins with high growth rates, such as the IEO program on the top market that has growth above 50% after listed trading. note: profits and losses are part of the investment, use your money wisely Theoretically, doubling your capital in 2 months is not difficult, and in some moments you can get an even better result. But you correctly said that you need to not only use your funds correctly, but also have enough knowledge, because in order to achieve the result, you will need to use more opportunities in the cryptocurrency market. But if a person, as he says, has already gotten into debt and now has huge problems, then I doubt very much that such a result may be available to him. In the cryptocurrency market, many traders use margin trading, which for them is the main source of income, but this type of trading still involves borrowing to traders. Therefore, even this type of activity is not suitable for a person with debts. |
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I believe that you do not need to spend all the money on the investments that you have at once. Many investors use interesting enough tactics to make investments more productive. First you need to decide on those coins that are promising and in which you are sure that they should be in your portfolio. But since the cryptocurrency market has been in a fever almost throughout the whole of 2019, it is better to invest a certain amount every month at the moments that you have chosen. Of course, if one could predict or predict the period when prices would be more successful for investment, then one could make a better choice. But since no forecast gives a real result, exactly what I offer is the best way out of this situation.
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For the whole of 2018, I positively recall only the pundi X project, which graduated from the ico company in early 2018, and many participants in this project were already able to make good profits. Just before the cryptocurrency market began to fall, NPXS coins peaked in March 2018. In addition, this company paid passive income to the owners of tokens for a long time. Nevertheless, due to the poor condition of the cryptocurrency market, the project in a certain form somewhat decreased its activity, but as I said, this trend is visible in relation to all promising projects for this period.
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It cannot be said that today trade is becoming very easy and profitable. For many traders, making money is getting harder and harder. It seems to me that the clear evidence of the bad situation on the cryptocurrency market is the fact that over the past 3 months, the capitalization of the cryptocurrency market has decreased by almost 41%. Nevertheless, the market is alive and will be able to increase its strength thanks to new and promising projects and thanks to the implementation of the ideas of the most popular cryptocurrencies. We all listen to authoritative opinion and in this situation I believe the words of Morgan Creek Capital Management CEO Mark Yusko, who expressed his vision of the further development of events. This person stated that the volatility of the cryptocurrency market has always been its main feature and the fact that prices have fallen today is not a reason to worry and sell the cryptocurrency.
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The new investors are really opportunists.. They invest only to chase profits. The impact of these shitty investors may endup the project itself because of the manipulation and the greed which is enough to end the projects whole life.
Maybe I’ll say unpleasant things now, but I’m sure that most cryptocurrency users have exactly the same goal you are talking about. First of all, everyone thinks about their profit, which will come thanks to the cryptocurrency, but people think the least about the future of the cryptocurrency market and the future of many projects. |
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After the cryptocurrency market experienced a sharp decline in cryptocurrency prices, Byte Tree experts published their suggestion about a possible reason for this behavior of bitcoin prices. As it became known, a transaction was discovered with a large amount of bitcoin worth more than $ 1.2 billion, which an unknown character transferred from his wallet to a trading exchange, while the author does not mention the name of this exchange. Nevertheless, this situation could cause a panic among cryptocurrency users, which led to a drop in bitcoin prices to $ 8,400 on Tuesday. It could well be assumed that this trend would continue, but according to analysts, the price did not drop below as the minimum of weak bitcoin volatility was reached. I hope that in the near future the situation will begin to change.
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If the indicators of the cryptocurrency market do not change before the end of the year, then this trend will continue for a very long time. Users speak out correctly, believing that this may be the beginning of a bear market, since Bitcoin has shown a good growth trend since the beginning of 2019, which is quite similar to a bull run. But this was only in relation to Bitcoin, since the entire cryptocurrency market is still in a bad state for a long period since July 2018.
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Its too difficult to say in times like this when btc is being sold at lower rate because all other altcoins is going to fall apart. The market is too harsh for someone who just started in crypto and thinks there is a promising coin in the current market. There are promising coins, its just not the right not to buy or you will regret thinking you could have more of it when the coin's price hit at 0.01$
You are right, the situation of BTC prices is very important to choose the right investment. but when prices are cheap like now everyone will think of buying more. but for those who miss to sell, of course panic to see their assets go down very much. in a down condition, then BTC is the best asset for us to have. As always, it is Bitcoin and Ethereum that are the best investments in the cryptocurrency market. But what is happening on the market today should not scare, but rather should provoke users to invest in these coins at more favorable prices over the past few months. What has been happening on the cryptocurrency market for several days, according to analysts, is most likely a reaction to the discovery of more than $ 1 billion in transactions on the Bitcoin blockchain network. These funds were transferred from the Bitcoin Wallet to the cryptocurrency exchange and, for obvious reasons, provoked active Bitcoin sales. I think that this can be either a provocation or an unreasonable panic on the part of cryptocurrency users. Nevertheless, I hope that soon the market will return to its previous level. |
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We always see the price rise for a short period after the listing in the exchanges or after IEO, but soon price be come down,
this may due to two reasons:
The first reason is that the coin or token has no real value.
The second reason is the large sale of those who got his coin free such as airdrop.
Isn't that true?
I add one reason: because the circulation of tokens at the beginning of trading is very large, the tokens that I mean here are in addition to investor tokens, sometimes there are teams that do not lock advisory tokens, partners, or other allocations, so many free tokens are circulating. and the demand is small Guys, I want to express my opinion on those free tokens that you are talking about, because you can take as an example those companies that block tokens after distributing rewards for air drops or Bounty companies. Therefore, these tokens do not affect pricing after listing. And as a result, prices still fall several times. I believe that in some cases, developers unreasonably inflate the prices of their tokens, the value of which is completely different. That is why both traders and investors are not active in trading such coins, despite the more or less visible potential of the project. |
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This is no longer new to the bitcoin community. Philippines and other country have already implemented kyc/amlc regulations on cryptocurrency exchanges. Crypto exchanges are being treated seriously since it involves a lot amount of money so combat money laundering and other illegal and illicit transactions using cryptocurrency. Well this move is a good move for Lithuania and for cryptocurrency. KYC and AML regulations will make people safe and protected and that will somehow attract people to try and use cryptocurrency because of this regulations.
I believe that in some countries rules will be introduced to provide passport data to those cryptocurrency users whose transactions are in contact with the cryptocurrency market and bank accounts. If a person trades in cryptocurrency, then perhaps this activity will not be taxed. But if a person converts cryptocurrency into fiat currencies, then already in this case it will be necessary to pay a tax. Nevertheless, each source of income must be confirmed. |
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Until now, in the information space a lot has been expressed about expectations regarding the trading of Bitcoin futures. Many analysts predicted an active increase not only in Bitcoin prices, but also in the entire cryptocurrency market. Perhaps what is happening on the market today is primarily the manipulation of speculators and big whales to correct their mistakes before a bull run.
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Anonymity isn't anything good, especially not in the cryptocurrency world. To be honest, I feel definitely safer when I use a cryptocurrency exchange with mandatory registration and verification. It's all about users' safety. Now I use CoinDeal and I'm glad that every user need to be fully verified to trade. It makes me calm. So, if we were anonymous everywhere on the internet, it would be a huge risk of scams etc That really sounds like a piece of sarcasm to me Mandatory registration and verification are not in the least a guarantee against scams (if that was your point). So your feeling of safety is false and not based on anything real. And as others already said, the personal information you provide at registration can be stolen or just sold to interested parties, whatever those might be. Do you still feel how that makes you calm? Maybe I misunderstood the statements of a person, but it seemed to me that we are talking about the possibilities of protecting the right to property, if you can prove that you own not only some account on the exchange, but also a wallet with cryptocurrency, where it was verified and provided personal data. If you take for example the My Ether Wallet wallet, who is the owner, who actually has a password, a file key or a secret key, but it is almost impossible to determine the original owner. And if the account or wallet is registered by email, and personal data is recorded, then by means of a trial you can prove not only that you are the owner, but also protect your rights on other issues. |
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A project like Libra will generally give users the opportunity to gain independence in managing their finances. Perhaps this is precisely the main problem for governments, and not some kind of impact on the economy But that will inevitably have a huge impact on the world economy With a lot of unintended consequences and complex ramifications since governments won't be anymore able to print money like there's no tomorrow (what the monetary use of virtually anything but fiat comes down to). This will mean the whole modern economics paradigm shift, not some minor changes here and there This is what governments are scared of. Whether this paradigm shift will be for good or bad on the whole is another question, but what is beyond question here is the gravity of the situation if Libra or anything like it (read, Bitcoin) takes off for real (unlikely but still) Anyway, I can’t understand why only the Libra project causes such indignation among most governments. Even in some States of the United States, cryptocurrency and cryptocurrency exchanges are officially legalized, as evidenced by news from the Chicago Board of Trade, where Bitcoin futures trading starts. Apparently, in this regard, the problem is resolved and other cryptocurrencies do not cause such a negative as a Facebook project. |
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I believe that no government could have foreseen what is happening today. Governments and the banking system have always wanted to popularize cashless payments for citizens in all spheres of life. But no one expected the emergence and popularity of cryptocurrency, with which people can also use non-cash payments, while it should be borne in mind that almost 44% of people use online purchases and payments for goods and services using mobile applications. A project like Libra will generally give users the opportunity to gain independence in managing their finances. Perhaps this is precisely the main problem for governments, and not some kind of impact on the economy.
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Bitcointalk name: whyrqa
Rank: Full Member
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