Base on the speculation of other members here in the forum that in the near future banks all over the world will adapt the system of cryptocurrency and it will eventually centralized all banking transaction in one with the cryptocurrency or the digital currency. In that period of time digital currency is not like an asset or investment anymore. Its price will be stabilized and it could be use all over the world where comfort of traveling just to use the digital currency as a form of payment. However, it is the news nowadays has the opposite of their speculation since there are countries banning already the use of cryptocurrency. In your point of view, Will it happen to centralized money all over the world through the use of cryptocurrency? Or it will just pass and nothing will ever change in our system of banking. Or do you have any speculation with cryptocurrency? I need to justify the speculation's probability.
Every options that you have put here, has the possibility of it happening without any reservation. On the centralization, I believe that is possible in the near future. The importance of money in any of our endeavor, cannot be undermined and in whose hand that control is, becomes the most powerful and that is why if the people are clamoring for freedom with the aid of crypto currency, banks will fall in line with their promoters in other to continue that control of our existence and there is nothing we can do about that. On the countries banning bitcoin all over the world, eventually they might be forced to change that position. At some point in the history of human existence, homo-sexuality was a crime, later it got to a point where its being ignored though subtly accepted and today its legal and people with a particular orientation are now getting married. So, when the time comes if the multi nationals and the conglomerate who direct the ways economies are run chose to support crypto currency, every government will have to fall in line because if not, its either they are cut off from the rest of the world or the government of the country be replaced. |
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I hope you are doing alright. So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued. For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were. The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this. What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only. Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect. So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly. The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed. I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not. Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal. In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!  As basic as all of this recommendations are, a lot of people don't know about it and even those who thought they know actually did not know but when you tell them, they feel since you are not the one taking the decision you don't know what it takes. In this crypto world of rapid change of status where in the morning you are gradually smiling at your wallet balance only before the sun set, you are putting on a frowning face hoping for the next morning if things might get better. Ultimately, knowing your limit is the key in this 'world' whether to the positive side or the point where things are not going the way they wanted. A lot of people are blaming themselves today for not selling at the all time high period last year with the hope that price will touch $30000 and didn't even change their decision when the price was dropping simply because they don't know their limit. |
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I don't think so. I don't have to worry about that.
Because the profit from the ICO advertising to Google is amazing, if it is not restricted by very strict laws, then I think Google will not give up such a big profit.
If that is what you are relying on, then Facebook also should not have ban any ICO ad thinking the amount of fund generated from that point. Before you can conclude that the profit from ICO is that amazing, do you have access to their books. It might surprise you that profit from ICO might only contribute just a small percentage of their revenue which they might be willing to let go when decisions gets to that point. Again, when companies take decisions, not all is based on profit, its sometimes for strategic reasons. If they use Google in China, I am sure that they won't display ICO ads because China has banned it would you now say they would continue displaying it because of the amount of profit they generate? And what would you say about the forum admin that stops selling ad to ICO promoters, you think its only about profit? Another reason would be the trust in the crypto market which is gradually reducing with the amount anomalies going on and for a company seen as supporting that, they are gradually losing their credibility. In all they can do it and nothing will happen. |
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I like what you are trying to do here, even though i'm new to cryptocurrency i'm still trying to impress people on what i can do to help them or even ideas to share and because of that i had a hard time to earn merit. Any information that one of you will be helpful to me and to others like me. I wasn't trying to earn merit by begging to receive because most of people that had smerits won't share and also i'm not trying to stop you to give merits all i want is those who had smerits should give to those who had constructive post, giving smerits doesn't need to be given easily as it will be called abusing smerits. I also want to share my opinion that those new to bitcoin like me would get information with other people that provide a constructive post and information on how to make a constructive post that will impress people and deserved a merit.
You see, the thing about constructive posts is that, there is no blanket way to go about it and for this of higher ranks with quality contribution in terms of posts are used to the high bar which means, its difficult for someone new to really meet that standard. For example what you wrote here, to you, its quality and making sense but to me, its repetition while to others it might not even worth reading talk less of giving a merit. However, that does not mean you should not still put more effort or you give up in contributing, it might be tough at this time but with time, it will get better all you need to do is to read to understand then put serious thought in what you want to pen down. Its not compulsory you have to write at once, sometimes you stop, think and come back to compete the post. |
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Its nothing than mere wishful thinking to start considering that cash will disappear even if we have all developed to a certain extent that cash is eradicated in a daily life, it will still be used as a medium of exchange in markets below the radar which no one will control. Today, there financial world have moved greatly from the large dependent on cash from the last decade to this point where we can do virtually everything online with the aid of internet and now USSD for people that internet cannot afford access to internet either through cost or the knowledge.
But with all of this breakthrough, the market to cover is too large for all of the technology to eradicate cash and too complex for all of the advancements in the way we handle money to swallow.
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And what are the odds of you not reversing your transaction (known as chargeback I reckon) and running away with the Bitcoins transacted to you? That is a very common exercise by paypal sellers and I have seen a lot of victims of this.
So anyone finalizing a deal like this, must be very cautious, as it can turn anytime against you.
You are still considering the odds when its sure that is what is going to happen. Reversible payments like this are just a no go area for someone who values his own btc for it to be lost in such a cheap way that has been announced every time. Unfortunately, people will still fall for this and with the promise of 'family and friends' which ultimately is reversible. You want to dispute it, you are at the mercy of the of who will be giving the judgement.
Why not just exchange your PayPal fund with bitcoin through virwox?
He knows this option exist but he wont want to go this route because it would be difficult to carry out such reversal on platforms like this without serious consequences simply because of the controls that ave been put in place to avoid situations like and the amount of verification to be done, its best to avoid it all together. |
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It's not that the exchange itself sold the coins, I believe that it was a hack ,and if it will be discovered to be at Binance's end, then they will return return the money to those who was affected in the hack.
I still think that it was at users end because only a small precent of users were affected, most of the users didn't have any problem, so it's probably a software that only X amount of users downloaded.
A small percentage of users won't command the amount of attention this vulnerability has garnered in the past few days and its effect which can be traced to the downward trend in the price of bitcoin. What I see here is damage control of them trying to downplay the amount of people affected and along that promising some form of refund in other to appeal to the emotional side of the community. Earlier, I had read that binance was not hacked rather it was the bot that is being used on the platform that is hacked and another version shows that there is more than they are telling us. Its high time people are being held accountable for holding funds in this market. |
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This services you are offering is one thing that have caused a lot of people to be in dilemma about several questions about the legality of bitcoin enabled gambling site while those who have the names already won't disclose where they got the legal backing to run such services?
My question is that, does the country recognise bitcoin as a means to exchange for it to be in a dominated gambling site. The reason is that there is difference between online gambling site and another one whose currency is crypto.
Another question is aside the license what other cost are required like returns, payments, reports and their timeliness? Again is there a room to get the license without actually operating in that country?
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I know signature campagns exists on this forum for very log time . I was wondering , do they really help to promote ICO , i know they spend a lot of money to pay bitcointalk members to wear their singatures and make posts . Do they really make profit out of this ?
If you feel the signature campaigns are not working as you expected, its not about the signature campaigns rather its about the project itself because there have been a general feeling that most ICOs are scams and with that, it takes a lot of effort and convincing for an ICO to be successful even with the combination of several means available to publicise it. Thinking that the campaign didn't make profit, a lot of participants even invest more than what they are getting from the campaign depending on how convinced they are about the project while those that pay with tokens, a lot of participants who got such tokens by virtue of being part of the promotion hold for a long time which even give more stability to the project. In all its a combination of the campaign and the quality of the project that brings result. |
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I've gambled on the outcome of mixed martial arts events since 2012. I usually do ok and win consistently. For a long time I've thought about offering a service whereby people can deposit 0.001 btc or lower sums of crypto and receive a paid interest rate split from my winnings. I would prefer to offer small deposits as I'm not wealthy and can't offer a great deal of insurance in the event of a worse case scenario. This wouldn't be a get rich quick scheme or attempt at instant gratification. It would be a long term attempt at HODL an attempt to create long term value. My questions for the section are: - Has anyone tried this? If someone has what happened?
- Would anyone be interested in this idea?
- Can I run a program like this without receiving negative trust?[/b]
I'm not certain how much interest I can or should offer. I might be able to manage 15% to 50% interest per month.
For those who have doubts I can post screenshots and documentation on my betting history to try to validate myself.
Its not guaranteed that I will follow through on this but it is something that interests me to discuss.
The bold part is why I would advice against running something like this. You are someone when I see comment, I know something sensible is being said but won't want to see that go because of a negative trust that would make all your comments be about defending, arguing or justifying the rules both written and the unwritten ones and no one would care how much you have contributed to the forum when it comes landing. I have seen people offer this kind of service (even trading then share the profit) and eventually because its based on risk where the outcome cannot be known for certain, funds is bound to be lost and when that happen, someone needs to be blame and that person would be you for starting the services in the first instance. Some could even interpret it to mean a ponzi scheme. My advise eschew such idea. If you will create an affiliate program where people go to the website and bet directly via your referral code then go for that but not this. #my opinion. |
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I don't know if boxing fans here are aware of the latest news: For those who have yet to hear, it was announced on Monday that Saul “Canelo” Alvarez had tested positive for “trace levels” of Clenbuterol during voluntary pre-fight screening for banned substances ahead of his May 5 rematch with Gennady Golovkin.
http://www.fighthype.com/news/article32541.htmlThey blame it on the contaminated meat in Mexico which is really plaguing the country now. But I don't know if this is intentional or what and they are pointing fingers to the meat industry for using Clen to raised and breed their cattles to be more lean with less fat on it. What's your take on this? But I hope that GGG vs Alvarez II will push thru this May to settle once and for all who is the true p4p king. The decision as to whether the march will put through will be left in the hands of the boxing federation to make and there is nothing we can do about it but some factors are important here and that is 1.Since its being established that the banned substance was from meat which he possibly could not have his personal diary farm to raise cows for him to consume and the test was something he did voluntarily, i think he should not be punished to the extreme because of that. 2. The amount of enthusiasm the match has generated which would translate to revenue. If the enthusiasm is something that high, then we are sure the match would hold but if not, they can afford to rule against him which would mean the game won't hold. Just hold on and let them decide. |
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When it comes to business decision, you don't decision that you have not thought through and that is evidenced in the post you made about wanting putting a price tag on the site, that alone is an evidence contradicting what you have here as looking for investors irrespective of what your intentions might be, we don't read intentions we rely on facts this won't go away soon because someone else will still ask you.
On the creation of sites based on bustabits and because of that, you decided to use XRP without knowing if the majority of the market are ready for that shows an uninformed decision. You didn't even try to make it ETH which is fairly popular that can be exchange directly to fiat in some exchange sites. I like your responses to queries so far but since the house always win, how possible that you are in negative no matter the low maximum bet?
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Today I deposit BTC to tradesatoshi. Now suddenly my balance is gone!!
yes I have 2fa , and no I didnt got hacked. There are no withdraws or trades done.
The btc shows on deposit history but thats it. No balance, no withdraw, no trades.
I can relate with what you must be feeling at this time but would suggest you don't allow that becloud your judgement. Tradesatoshi is one exchange site that I know that the promoters have gotten greedy or that have security issues which could have made your account vulnerable to this unfortunate situation. I want to believe you must have reached out to the customer care because they would have been the best one to give explanation to exactly what happen as every response you get here would only be guessing without any basis. What I think is that maybe they are carrying on routine maintenance and they had to disable some of their services available end use. Again , I have seen this where some particular wallet are singlehandedly facing synchronizing issues with this your balance might not show until the issue would have been reduced. But for perfect understanding, reach out to customer care then patiently wait for their response. |
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After spending many years as a financial advisor, I find the ravings of many "experts" today as banal. There are those that speak of coins as a "Ponzi" scheme and denounce the validity of the new form of economy. There are also some that want this world to go back to the 50s, and with it all the junk that we have been working to rid ourselves of.
Looking at the new order, I can see many similarities to the monetary base that we are used to. Our economic base is not tied to any metals or valuables, but believed to be of value and tradeable as though it were tangible treasure. We have not backed our currency for many years (since 1971) but our currency has been the standard of the world.
Why then are these "old-timers" so afraid of crypto? Because they are afraid of change. The same reason that we still have racism in this country and others, the same reason that we still have wars. The world has changed, and not everyone is comfortable with that. But to not change with it is socialogical death.
Yes, it is prone to swings in value. Anything that has potential is. But we need to have a universally accepted basis so that sane commerce can prevail. It is the future, and there will always be something that is new. But by understanding it and working within it, one can determine whether it is something to stick with or ignore. I choose to stick.
Anything that comes with change will face serious antagonistic position more than what we can imagine. There was a time I read about when the invention of cars started happening, the rulers of the time believed in trains and because of their selfish interest tries to frustrate it by coming up with several campaigns about how prone it is to the accident and that alone was one of the reasons why before anybody would be issued a driving license, he must prove that he can hire someone else to always go in front and tell people to leave the way but today we are talking of driverless cars and trucks. The same thing in the crypto today because people are scared of the change and unfortunately those people are the ones that are at the helms of affair. To then force them to the point where they won't have any choice than to fall in line, we have to ensure that things are done in the right way. |
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Eventually we know its going to happen and they are not to be blamed even though they are the are doing this for their own selfish interest based on the quest to control virtually everything of human lives. The major and minor players are also not helping matters which then justify the reason for their own actions. For the major players they make money not because they are intelligent but because they are smart which is not bad on it's own but flaunting it all over makes those who work smarter lazy set of people then government will find an excuse to enter the market in other to maintain social order. To the players that are morally bankrupt, they decide to use the community as a way to get rich quick by scamming people of their resources and hiding under the anonymity factor which is being exploited while others use it as a means to fund a nonexistent project in form of ICOs and a whole lot of anomaly in the system. How won't government set in. There's nothing interesting about it. All States fear an uncontrolled crowdfunding market. This can significantly change the world order. If before the inventor invented the engine for the car that runs on water. For the production of such engines need to be certified and build a plant. A lot of money. Where to take them? Corporations are buying the rights to these inventions and destroy them. Why do they need additional costs? Crowdfunding allows you to find such money from ordinary people from around the world. That's what they fear.
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Dont you have anything better to do? For example participating in campaigns to earn some money...
Stop wasting your time on things that don't affect you!
People are joining everything nowadays without reading the rules anyway.
Giving a response like this makes people who actually wants the betterment of the forum get frustrated with all the things that they are complaining about is being ignored and no improvement whatsoever. No one is against trying to earn some income by doing activities allowed on the forum only what is required is to do it right and stick to the rules and with that every one will be happy. I could fill a whole section of the forum with users who do not qualify for a campaign but apply anyways. I could also fill another section with users who do not follow the rules of the campaigns most of the time.
What it all boils down to is basic ignorance and disregard for rules. Alot of these users see a campaign open and apply blindly. They don't read any rules or requirements at all. They were just told, by their friends, that they could earn money making posts here. Those types of users are the type of user this forum does not need.
I see all kinds of ignorance on here. Users that will not make a post period unless they are in a sig campaign. They're not here to learn about bitcoin or other useful alts. They are here to earn money period. I'm not against someone earning some money for posting, but they should at least have an interest in something besides the money. It's very sad to grade the sheets every day and see the users that if the requirement is 25 posts, they do exactly 25 posts. Then if a thread is deleted and they lose 1-2 posts, I get a message whining "please pay me".
If you're gonna apply for a job, you should ALWAYS read the rules for said job if you expect to be paid. If you don't plan on reading the rules and requirements, don't cry when you're not paid or land on a blacklist.
Users should just be casually posting on topics that are of interest to them. Making 10-25 posts a week should be nothing if you only have 1 account and browse the forum.
You are very right on point on this and there is no justification for how things have turned which is what everyone that have comment can attest to as it is what we all see on a daily basis. However, in the midst of all of this, so also are the ones that decide and purpose in their heart to do the right thing which I have equally seen tons of. They give reasonable arguments, contribute to the body of knowledge, share ideas based on personal experiences and these are where we still need to do more as campaign managers and campaign participants. |
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Even when we have heard several talks about working smart, but a lot of people are still work hard thinking that someone will have to teach them to work smart or they are thinking they are working smart. Quite a number of times, I am always taken aback when I begin to imagine what people spend their time on to earn money, struggle, use their strength but nothing to show for it while they are left with no other option than to believe in miracles in other to come out of penury. However, working smart is not something that falls on you or easy to come by, rather its a conscious effort to break away from the shackles of poverty with constant research and education, you are sure to work smart and be financially independent.
I wholeheartedly agree with your comment but here I want to discuss more practical aspects of being smart in respect to how we earn our living. Indeed, you can't just decide to become smart and then fake it till you make it. It is more about your actions, not about your ideas. We all know than working smart is better than working hard, but what distinguishes one from the other in real life? In other words, I consider this thread as more of a practical guide to being or working smart rather than some abstract and mostly useless musings over the matter, something which you can take home. An example of that I have given in the OP. This is the approach which I try to follow myself but obviously it is not the only possible way to get there. In deciding to work smart, its actually depends on the field you are operating and not necessarily one have to be involved in crypto after all, people have been working and making money even before the advent of cryto and would continue to do same if crypto is no long in existence. For example, an accountant working for an accounting firm to gather experience in that chosen field, working hard would mean getting early to work everyday and closing late, ensuring client delivery, going to work on weekends in other to ensure deadlines are met, getting up to date about the current happenings in the profession only to earn your salary at the end of the month because there is no other time to do some other things. However, working smart would mean that in the midst of doing all of those things, you have a separate venture on the side where you build your client base, if you are working in an audit firm, set up business that is into accounting software installation and training ( to avoid conflict of interest). Another is to start negotiating on commission when you bring in a new client or negotiate a new fee with the client beyond certain level. That is working smart rather than working hard. |
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The two exchanges, Bit Station and FSHO didn't have enough volume to bring the price south. It's more of a SEC and Binance after-effect. Mt.Gox and then Coincheck, 16 licensed exchanges and the Japanese Financial Services Agency (FSA) suspending the ones that are having issues with customer protection and anti-money-laundering measures is overall good for the crypto community to prevent another big hack. I don’t think this news had any negative impact on the market, positive in the long-term. its any link/ news for this information?
https://www.coindesk.com/japans-fsa-announces-suspension-of-two-crypto-exchanges/Thanks for providing the insight on the news because a lot of people would only read an headline then based on that decide that 'oh bitcoin is dead again' without even trying to understand the reason why only two exchange sites was singled out of the total exchange sites in Japan forgetting that Japan has been one country that its disposition to bitcoin has been favorable compared to other countries in that part of the world. On reading the report makes me realise that its very much justified for them to have been issued that suspension which is for one month and not permanent as Op has made it sounded. Again, the report is not only about the exchange sites suspended rather warnings were issued to other exchange sites to ensure that they improve their securities in other to ensure the funds of investors and clients are kept safe following the $500 million heist that threatened the market. A lot of people just comment without reading or verifying whether the source can be trusted or not then contribute to the already fragile market that is trying to get a footing. |
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Many people say that you should work hard if you want to succeed in life and rise to riches. I'd rather say that working hard will only make your boss richer, not yourself. On the other hand, there is an age-old adage which says that you should be working smarter, not harder. But working smarter is a vague idea, and I'm interested to hear what people have to say on this topic. As far as I'm concerned, I think that working smart comes down to creating environment where you will have more chances to meet Lady Luck smiling at you, where you will be able to hit a lucky strike because luck plays an ever-important role in our lives. For example, if you want to find a date to have a romantic relationship with or you are looking for a one-night stand only, you will go to a beach or a bar since your chances are higher there, right? The same approach seems to be applicable to work as well. In other words, stick around the places where your chances of success are the highest.
So share your opinions here, guys. What is your practical take on working smart?
Even when we have heard several talks about working smart, but a lot of people are still work hard thinking that someone will have to teach them to work smart or they are thinking they are working smart. Quite a number of times, I am always taken aback when I begin to imagine what people spend their time on to earn money, struggle, use their strength but nothing to show for it while they are left with no other option than to believe in miracles in other to come out of penury. However, working smart is not something that falls on you or easy to come by, rather its a conscious effort to break away from the shackles of poverty with constant research and education, you are sure to work smart and be financially independent. |
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In my opinion, the top priority is: Wherever you store Bitcoin, password / PIN protection is the most important thing you need to do. If a hacker gets your password or PIN somehow, what will happen to your property will quickly be transferred to their wallet without going back. and you?
Of course the security and safety of your coins should be your top priority. If you keeping a good amount of bitcoins in your wallets, you must use all the security features available. There are options like OTP verification,, 2FA, putting limits on withdrawals with additional confirmation. One should make proper use of these features as they are provided for free by the exchanges. Also, the exchanges need to make their websites more secure to protect from hacking attempts. The bold part is where you get it wrong as relying on services provided by exchange sites is the worst decision anyone can take as a measure to keep his fund safe and the reason is simple, when an hacker comes for the exchange site, all of those measures becomes a child's play as the wallet where all of the fund is stored is what is being targeted of course when the fund is gone, all controls becomes useless couple with the fact that there is no regulatory body to ensure funds are insured or deposits are made to a central authority to ensure that depositors bitcoins are kept safe. The most important is to keep your funds where you have private key and save it in both hard copy, pictures, or cloud if one get compromised, you are sure that the other will serve as a catalyst to put you back on track without that, the funds are lost forever. |
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