So, a friend of mine has been holding bitcoin, yesterday bitcoin reached $7,700 and it climbed to $8,200 today and been fluctuating around $8,163 to $8,200 so my friend has loss his rest over either to sell or hold. It is difficult for me to advise him, I want him to be responsible for his actions. Currently he is been shouting and looking confused about the price movement. Now I understand speculators could loss their sleep and even rest.
I want to hear from you, what advise would you have given my friend if you were in my shoe?
For your friend to be restless because of about $500 movement over night shows he is not yet mature to understand the dynamics of the market. What would he do if he had held during the all time high of 2017 when price was just increasing at a geometric rate that I for one had to go check series of website before I was sure that my phone was not infected to have witnessed such sporadic increase. Speculators don't necessarily have hypertension because what they say is just prediction and they themselves don't rely on it. Just like predicting the outcome of a football match, sometimes you lose sometimes you win. No emotions attached. The beginning of problem is getting attached with price which anyone ready to go far in crypto needs to get rid of. |
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According to the head of Iran’s Blockchain Association, over 500 BTC belonging to Iranians were confiscated by the U.S. government last year, and the number is still rising. He explains that Iranians are unable to take action through proper channels from within their country due to Iran’s legal status of cryptocurrency. epehr Mohammadi, the president of Iran’s Blockchain Association, told Ibena news outlet last week.
He admitted that the exact number of confiscated BTC “is not clear, but it is expected to be over 500 bitcoins, worth approximately 25 billion tomans ($5.77 million)” at the time, the publication quoted him.
“Some people believe that this confiscation is because bitcoin owners were circumventing U.S. sanctions,” Mohammadi added.
Over 500 BTC Belonging to Iranians Seized by US Government: ReportRecently, news.Bitcoin.com reported that the government of Iran is considering using cryptocurrencies to evade long-held U.S. economic sanctions. Mohammad Reza Pour-Ebrahimi, the chairman of the Iranian Parliament’s Economic Commission, said in an interview with Mizan news agency on July 15 that digital currencies are among the major mechanisms that Iran can use to the evade the sanctions. He noted that the Iranian parliament will soon discuss this issue.
Source: bitcoin.com
Technically, they confiscated what does not exist according to the Iranian law so there is no case here. If the Iranian government believes they are being short changed, they should do the right thing so that they can channel their grievances to the right authority but sitting on the fence and watching from the sideways would only make them lose what should come to them as revenues to other countries and there is nothing they they can do about it. If US government can target them and seized it, it then show some level of loopholes in the process of keeping their btc which those who are yet to be affected can look into or else if the opportunity presents itself, they would surely take it to the fullest. |
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Currently it might seem it does not have any effect on price but in the long run it would whether its going to be a positive influence or negative, is another subject of discussion. Some people might think how would they effect this rule, this is the source of the new rules that we will start seeing on exchanges that they implement it looks as if they are running a draconian system of business. For me, its a welcome development because it would eventually bring trust to the ecosystem where we are sure that people who would use crypto are illicit activities are put into check. The fear again is how decentralization and freedom promised from the beginning is gradually being eroded. |
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I don't see this as a news to be joyous about because even from the reading of the article, it shows its not something solid at all because its just on the basis of the interpretation of the existing law that the author of the article is relying upon to make an argument which a further deep look at is not binding on any employer of labour to even grant the request of the employee. Again, the Central bank of the country came out to rest the matter about how crypto is not recognised and anyone involved is solely responsible for the risk that comes with it.
Until there is definite statements as against conjectures that we are seeing here, its safe to not rejoice over anything as the effect if any is not enough to bring about significant push in the situation of things.
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Mastercard is getting into the crypto game. It's patented "a method that would manage 'fractional reserves of blockchain currency Eventually, this patent will allow Mastercard users to buy and pay for goods with bitcoin instead of dollars and other forms of fiat currency. https://www.cnbc.com/2018/07/17/bitcoin-above-7000.htmlGood Good News coming into the Crypto space. Better days are yet to come Ultimately this is what is going to happen and I wonder what banks that have always frowning at people using bitcoin without any basis would want to fight this. Because they themselves relies on the infrastructure of MasterCard and Visa for them to even make more money from customers use of this platform with MasterCard and Visa I wonder if banks would be able to get money from ATM charges and every online transactions made possible with card numbers. I also envisage some behind the scene conflict as the ability to link wallets to MasterCard would surely mean rapid acceptance as they would find away to make it acceptable for every platform that MasterCard is accepted today. This would surely dip into the revenue of banks which would in turn affects the taxes they would pay to government and that is not something to be taken lightly. |
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On July 20, the Indian crypto community had its eyes on the supreme court as the much-awaited judgment on the petition against the RBI (central bank) ban to provide INR and banking support cryptocurrency businesses, was to be pronounced. But Since SEBI and few others have not filed their response the date for the hearing and argument has differed to September 11, 2018. https://coingape.com/indian-supreme-court-pushes-rbi-crypto-ban-petition-september-11/I have been waiting for this news to come because ever since the day the judgement was initially meant to be delivered, there have been several threads on the forum on the effect of the 'ban' that has not even occurred yet the news have spread beyond normal sending some level of panic into the market and the exchange sites that have started the process of discontinuance of their service before getting the court pronouncement. What I see here is delay tactics deployed on the part of the government then spread the panic which would make their job easy by the time the pronouncement come in their favor. Like I always maintained what the side of the crypto community should have done is to have asked for interculatory injunction for all parties to maintain the status quo until the decision is made. |
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....
Looks as if google may not pay the EU fine after all.
If google deserves to be fined for having a monopoly over search engines then do banks and credit card companies likewise deserve to be fined for having virtual monopolies over massive portions of electronic payment services?
In 2015, Barack Obama accused the EU's aggressive targeting of tech sector giants like google & microsoft as protectionism of the EU tech industry who otherwise "wouldn't be able to compete".
In a perfect world google would buy $5 billion worth of bitcoin and offer the EU a $5 billion dollar loan when the price of 1 bitcoin reaches $15,000 and the euro further inflates due to EU overprinting.
Its purely expected that the President extends some support to Google because of the importance that it plays and beyond what we see, there might have been some backroom discussion before the tweet was released to the public. When I read the news about the Judgement, it was more of mixed feelings because for one, I don't have any issue against what Google is doing because its purely having an advantage over others and linking their products together to me is boosting their business. Also, I use Chrome and I still judge it as the best. The same way they cannot ask Apple to not make Safari their default browser, I think they should leave Google alone. On the otherhand, I think there is some take away from here in that no matter how big a company is, there is always an overseeing body looking over its activities and that is a check to them to ensure they do their business in the right way and even if there is competition, it should be done according to the rules of the game. |
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The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?
While a whole of people have concluded that crypto currency creation has been largely polarized by greedy and selfish people, it still does not remove the kind of advantage they have been able to bring into the entire crypto currency market. In the midst of the scams some projects have been able not only turn out impressive ROI for early investors, they have also been able to finance projects and making impacts in the real world wherever they are residents. The above are the ones I see and would focus on to have the right reason on why they create a new crypto currency while the others that are about their own interest are just passers by and should not be accorded any recognition for creating a crypto as what they created is something else other than crypto currency. |
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Massive spike in bitcoin caused the entire world becoming more aware of bitcoin turning large scale investors into bitcoin and other crypto currencies. This caused fiats market fall a bit and countries spread news on adapting and denying bitcoin in the respected countries. This caused the value stay below $6k for almost half an year.
Your opinion dudes?
Its really not surprising because what really happened is the behavior of typical human beings who is ruled by greed and the moment the 'honey' they gathered around does not produced as expected, they all find other means to exercise their greediness. I remembered vividly that during the time of all time high, there were several news about companies planning to accept bitcoin, countries planning to recognise, wall street planning to inject millions of dollars and how several of those actions would push the price of bitcoin to another height. But unfortunately, the moment the market could not sustain the increase, every plans remained at the planning stage without us seeing any form of implementation till date. The point is, any serious investor should not base is decisions on speculation fueled by spurs of the moment. |
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The transparent nature of the cryptocurrency industry is one of the Paramount reasons why politicians are kicking hard from all angles against it.Well,I am glad that despite all these agialtations,the industry moves on .One day full potentials will be established. Share your views.
Politicians could have their own sinister motive for not going fully into bitcoin for several reasons but I doubt if transparency is one of those reasons. I have watched movies where top government personnel, rich people, head of parastatals, could not think of anywhere to keep their wealth either ill gotten or not from the reach of government in crypto. So, for them to then fully go against crypto would be contradictory to the benefit they get from such action. On the other hand, if the narration is that the reason why they go against crypto is because if government should support crypto, some level of transparency would have to be introduced and the veil of anonymity taken which then put their own interest at risk, so the need for antagonism, I am fully in support of that. |
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I started a small business, trying to establish it and my colleagues from the university who can hardly eat are shy to come closer to me when they see me doing my businesses. But later they will be asking me for money.So I asked why they do not want to start something small whiles looking for the white colour job?Most of them tell me that they are so shy about people insulting them that after university,they are selling at the street.I just smile at them and move on.
People are different towards their disposition to certain areas of making money. Some of those your friends are not going the way of small business not because of shyness alone, some people its because of the risk of failure that is keeping them from going forward. When I was in the university too, a lot of my mates were selling food items to make money but its just not for me, I decided to go for service delivery where I tutor other students just to make money. Everyone of use must not follow the same path and for them not to subscribe to your way of doing things does not make them lazy. However, if that is the only option of survival and they still insist on not doing it, then its best if you stay away from them as that might even drag you from moving forward. |
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what are the guarantees that we will receive the goods? I give you a link to the order. You are buying. when I receive and check the goods. I'll send you the BTС. how do you like this idea?
We believe in the future of bitcoin and we are in this for the long haul. We give you every assurance that you will receive your goods and in perfect condition. This page is open for our customers to leave their feedbacks concerning our service. Thanks You have actually not answered his question. When it comes to transacting with bitcoin on a public forum like this, words are not alone to convince people that they will get their goods ordered the reason is that a lot of people have promised that in the last and the end of scamming. Coming to the forum to leave a feedback would only stops others from falling into the trap (those who can read) and not returning the money of the individual already scammed. The point is, you need to give more to assure people that they can rely on you to deliver and one of the ways is to have an escrow system. Liaise with one of the reputable escrows to be on standby for you while you use your fund to buy then send to the buyer after which the fund can then be released. With this, you are assuring people to trust your service which you can then build on overtime. Your service is cool because you are actually covering some areas but the trust in the service will be what will make it worthwhile. My opinion. |
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Its a great news happening at this time that Samsung is accepting but I haven't seen the official release from Samsung as if they are going to announce it, they would surely implement it in several big countries compared to now. What I see here is more like a partnership between CoPay and Samsung in which Copay would act as the intermediary in the arrangement just like every current business accepting crypto and not directly to the service provider. However, its something to be happy about that shows that gradually, things are changing for the positive. |
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The article is really self explanatory in the support of bitcoin mining in that part of the world because its really not affecting anything and that is a cogent reason why I think the Chinese government have not pull the plug on mining activities despite their negative stance against bitcoin and crypto activities. To me, its a win-win to them because the facility that a whole lot of money was spent to bring into existence is now being wasted away but some facilities are therefore making use of it at the same time making money out of it to pay taxes to government.
I also don't think the banks are damaging the environment because they don't engage in manufacturing activities or exploring activities that we see in companies in that sector do to the environment.
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I think people will move to decentralized exchanges in the future. Because the decentralized exchanges private key owned by the user, users can trade any amount without any KYC verifications etc.
Personally, I think the two can coexist successfully an people visiting the both platforms have their distinct reasons for doing to. Op has definitely done a good job identifying both the advantages and disadvantages of the two which shows that they are both not perfect. Aside the abuse of KYCs and forceful implementation of this by the centralised exchange sites, I think I would be more tilted towards the centralised ones because they are easy to use without any need for understanding technical parts that surrounds private keys export, import, compromise etc. People will only move exchange sites eventually that they are sure that their investment is secure and not about KYC which is the subject of dispute and the major difference between the two. |
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Bitcoin is currently one of the popular currencies used by people. Even merchants who use Bitcoin as a means of payment also exist in some countries. Bitcoin itself becomes a warm conversation. At its all time high, the Bitcoin price was once equivalent to one troy ounce of gold. With its success, today many emerging similar currencies. Because the price is fantastic, Bitcoin is very popular among the public at this time. With the success of Bitcoin, many currencies are now emerging. Other cryptocurrency examples are Ethereum, dogecoin, litecoin, mrai, dashcoin, and many more.
Cryptocurrency does not have any monetary policy restrictions from any country, so it is simpler to travel abroad. Using bitcoin does not require physical transactions, making it easier for customers to transact. Compared to currency where you have to change your rupiah currency in money changer first, then cryptocurrency is more reliable
There are many conveniences and benefits provided by cryptocurrency, ranging from ease of payment, slowing of bitcoin growth, increasing global acceptance and very easy opening of accounts, but with all the convenience, you have to be careful of using cryptocurrency as a means of payment. There are some shortcomings that you should be aware of like ...
Not all cryptocurrencies can be used as currency
Currently, the most easily accepted as a means of payment is bitcoin. If you 'mine' or use other cryptocurrencies, then you have to be very careful. Do not be fooled by an offer to buy another cryptocurrency.
I don't think this is a problem at all to be concerned about because there are abundance of several exchange sites both centralised and decentralised where there crypto you are holding can be seamlessly converted into bitcoin and you can use it for whatever you want to do. Exchange sites list 100s of coins that you can choose from. Not worth investing
It is true that the value of cryptocurrency capitalization increases over time. But the fluctuation is very unpredictable because no one country controls this digital currency. Do not let your inexpensive offer to invest in cryptocurrency. Use it for easy payment or as your side income.
I would want to know the side that you belong to because the only argument I can see here as to why bitcoin is not worth investing based on your opinion is because of fluctuation as this is just the exact reason that attract people in the crypto world as the fluctuation gives room for profit to be made. All you need is to understand the right time to enter the market and you are good. Easy to use for unclear investments
In the absence of a regulator that controls this digital currency, there are also many unclear investments by using cryptocurrency. Ponzi schemes and money games thrive thanks to this digital currency. Beware of investment offers using cryptocurrency. No money is easy to get.
There are many benefits to cryptocurrency, but it's also true if you have to be careful if you want to do something on cryptocurrency, so little knowledge of me, if there is a misunderstanding I apologize as much as possible.
There is need for you to really understand the potential of this market and all the challenges you have identified can actually be seen as opportunities for others and you can join in if you are ready to learn. |
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Trade war will put pressure on the Yuan and Chinese people will try to get their money outside their country. Due to capital controls they will resort to putting their money into crypto to move their wealth and preserve it from yuan devaluation.
Right now less than 1 Chinese out of 1000 have cryptos.. would they jump into it in masse, this could create an unprecedented demand for bitcoin.
For you to think the trade war will only put pressure on the Chinese people is rather one sided because no matter how small, both parties will feel the brunt of this action that their leaders are following and it could also safe to say that some US citizens might also want to put their funds into crypto because of the effect of trade war. On the bolded, thinking because of the trade wars, it would automatically means putting money into crypto is just an overstretching assumption. It does not just work that way. The only set of people who might use that as an excuse, are those that are already involved with crypto and felt the best way to get a big ROI is to invest in crypto. It would even surprise you that the common man on the street might not even feel any of the effect of this wars as its only the elite that bothers themselves about the workings of economics because government of China I expect would be proactive in harnessing ways of cushioning the effect of this negative trade policy that would affect them. |
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If ever the world is to shift to cryptocurrencies, I for one thinks that this is not the end of the banks. State-issued cryptocurrencies will still be regulated, manned, and controlled closely by banks and if anything, they can do things easier and quite effortlessly since they only need to change some figures in the code and voila! Magic internet money is created out of thin air, a few clicks and a few inputs! Banks would be the kings of a centralized cryptocurrency, just like what they are already doing in the realms of a fiat-powered world today.
I can say based on the knowledge I have, if there is any industry that is moving rapidly in terms of technology, its the bank and they are doing it aggressively. The reason for that is they finance any project that comes their way and you don't get to finance from them without first giving them your idea they in turn have the money to hire the best programmer and software specialist who will develop the idea into something they themselves can incorporate into their activities without any stress. The point it, banks will still continue to be relevant and even rely on the blockchain to increase their penetration by the time they launch, they would come up with new slogan about how safe it is to use the blockchain for banking transactions. |
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It is true that the personalities of certain individuals can influence others to take a decision ,either in investments,choice of dresses,etc.The striker's involvement in cryptocurrency will sure have a positive influence on cryptocurrency especially his fans.
Didier is a footballer who opinion to me does not matter in the world of finance or investment which bitcoin operates. The reasons why most of the products they serve as brand ambassadors for are public goods that one does not need any special skill sets or take certain significant risk in other to patronise but the same thing cannot be said about bitcoin. So far Didier won't be responsible for the loss I make by investing in crypto or be the determining factor in me making profit, then his opinion of face in postals does not matter. |
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This part is very key and no matter how relevant and informative the article shared, it does not remove the punishment for plagiarism which is an outright ban if caught and acted upon why the Mod and based on your comment, it seems this is not the fort time is doing such. I feel this is establishing monopoly in the market because there was a time where both MasterCard and Visa disabled the use of their cards for crypto withdrawals for all country outside the EU but now they are coming out to absorb what they had initially went against. I only pity those people who sold off their coins because of the decision of MasterCard and Visa at the time who believed that for ending their support means the end of bitcoin. |
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