Recession, boom are all part of the economic indices that will surely happen. The problem is the unfortunate leaders that the world will have at the time when it will happen because they are the ones that will determine whether the effect will be minimal or catastrophic. In the last recession that happen across the world, I saw the life savings of millions of people wiped out especially those that invested in the money market and also the making of thin god millionaires via government bail out from that exercise. The crash will happen and there is nothing anyone can do about it and talking about it is creating awareness and being ready for it eventually when it does.

While this is laudable because its coming at a time where the decentralization is needed but with the purpose of dethroning China for me, is a not ideal business model to go with. The market is a large and fertile one where whether you are in China or Yugoslavia even in Africa, the moment you can afford it, then you are to enter the market. No one is stopping you from doing your thing so far its done within the dictates of running a decent business.

What this Company is doing for me would be better situated in an African country because the US that its looking at is a developed economy where the building of a power substation would have little or no impact on its immediate environment but in Africa, even the impact of the substation alone would be felt miles away. But again, displacing China and concentrating the mining gadgets in one location might even expose the entire infrastructure to influences beyond the controls of the business promoters which might even force them out of business.

The reason why we have the government regulatory agencies every step ahead when it comes to tax payment is because the think-thank they have. The people who formulated this policies are the combinations of various smart guys in virtually all the industries I mean the best of the best from top schools talk about the business schools, the intelligence community, the hackers, the developers and not limited to those that even operate in the dark world. Put all these people together to formulate a policy will probably cover any cheap loopholes you can immediately look for while the other loopholes are left for taxpayers to point out for them to block after series of legal battles to their own advantage and because there is always an element of fear and punishments in these regulations, they hardly get contested by the tax payers.

What people don't understand simply is that what the CBN has just done is to absolve itself from any responsibility that might arise as a result of losses for someone who might invest or want to invest in crypto currency. The reason being that, when the cast is fully blown or someone makes some mistakes thereby losing investment values we are quick to look for someone to blame and in this case, the accusing finger is pointed to the regulatory authority in financial matters and if not managed properly might lead to Senate inquiry which would embarrass everybody, so the release is getting ahead of such situations and put it to rest. Its as simple as that.

When it comes to the evaluation of weaknesses, they are many that cannot be exhausted and it depends on what appeals to you the most that you regard as weakness while others might even see it as an advantage. For someone who have been scammed before, we will all agree that one weakness is the fact that transactions cannot be reversed. The moment one confirmation is done, your fund is gone. No one to report to, no way to freeze the fund pending fulfillment of obligations which then makes it possible for third parties to come into the picture before transactions can be done which for me, defeat the purpose of peer-to-peer transactions.

Even though the landing effect of this could be linked to the Chinese government as the people piloting the outburst by AliPay, there is need to put things in perspective which in this case, I would blame Binance more. When Binance came out to announce that people can now use AliPay to purchase bitcoin, did they have a Memorandum of Understanding with the company that such deal is to be made or they have jointly addressed a press conference to talk about their new found relationship and how that would change the way transactions are done with crypto in addition to how the step is a major move in having collaboration between the two pairs?. Since they didn't do that, it becomes easy for AliPay to come and debunk such news by not only transferring the risk of any issue to the end users and also with a sledge hammer wanting to frustrate such transactions.

In this case, it simple a business transaction which I don't think there is need to lose sleep over when its time, all those trying to stay way from bitcoin would eventually adopt the crypto in other for them to tap markets that are yet to be fully broken into. Its a matter of time.

From the screenshots, one could really tell that lots of work have been put in the design of the interface which really is cool and a beauty for that, I believe well-done is in other.

I however have some concern i see no fair position in the conditions that surrounds deposits and withdrawal. While currently its going to be hard seeing people going below those bands sets for the two options because of the current price of bitcoin, what then happen should the price increase or falls?  Another is nothing is being said about registration details as to the information that would be required this would go a long way in attracting people to the platform should it aligns with people interest conceding registrations.

At this time, it might sound like the best approach because a lot of people are looking for a way out considering how people are stuck with a position they are currently in as cashing out would mean taking a huge hit on the amount invested and even the time that have been wasted in waiting for things to turn around. So, someone coming with cash ready to pay x5 of the initial investment, I would take it without thinking twice. However, human nature might set to begin to doubt as to what the person making the offer stand to gain for making such? You then begin to think what if I sell and in two days, I could have made x20, let me keep... But for me, a bird in hand is better than unseen bird.

The risk is really high when in a bear market compared to when in bull episode and its a gradual one depending on the price point where the risk is to be taken. Using this scenario, what would inform the risk the individual would take would be the quest to get back to the starting point which is the $18k which means the individual would take more risk when the  price is $8k when the target is $18k compared to when price was $15k or $12k. The reason for that is because according to human nature, when you get to a point when returns is no longer the option, maintaining the capital would be the best alternative which is what a rational human being would do in this scenario.

Tobacco shops is a good development towards adoption but to be sincere its not enough to the kind of adoption we are looking at. One thing to consider is that several government authorities are against tobacco now in conjunction with environmental and health activist are clamoring for the ban because of the effect on human body and the impact on even people who are secondary users of the product. The right attraction should be the big retailers and local coffee shops because businesses like that cut across boundaries, cultures, believes or philosophy. Talk about the Amazons, McDonald or other supermarket chains all over the world those are the ones that can make real change and adoption.

I would disagree with this submission. For the fact that it is not based in China does not remove the fact that its a Chinese business because we have seen nationals of some countries establish businesses in other countries. Now if the majority of the shareholders are Chinese nationals, irrespective of where the business is located, it will and still remain a Chinese business because should in case the individual decides to sell his stake in the business and return home, its still going to be a form of capital inflow to China.

Another thing to note is that, for the fact that you are operating in another territory does not mean you are not covered by the laws of another country. For instance, if a company operating outside the United States should offer services to the citizens of United States, you are by default covered by the applicable laws of that country regarding the kind of services you are offering which is why you see several gambling sites or exchanges and even ICOs specifically ban US citizens and the same thing applies to China. Now why would anyone want to do a China Pair option if not having the mind that Chinese citizens would patronize it.

The correlation is valid really and its because every of our activities the use of bitcoin, we are not oblivious of the fiat equivalent because that is the basis of attaching value which would be the compensation for every risk that you have willingly or unwillingly had to bear. The same thing is applicable to exchange sites that during the period of high price, there is always high volume and vice versa when we have low price.

The solution to this, I don't see it happening anytime soon except we grow to a point where majority of things to buy using fiat can then be purchased using bitcoin with an established amount of bitcoin without its corresponding fiat value be the determinant value and gradually increasing due to  mild inflation.

You have made a valid point up until mentioning that China is running a dictatorship government. Its ok to disagree with the policies of government but these accusation is really unfounded. For a fact, its not only China that is against crypto currency and its not the only country with citizens looking to get away from the grasp of government, its happening around the world even with countries that it can be claimed to be a free country. But really, not to post as an advocate of government but when they make regulations, its not for those that are doing the right thing but against those that would do the wrong thing. Putting that into perspective, government grouse against bitcoin or crypto is not to target individuals with just few amount of money or assets in cryptos but for those mega millionaires who would prefer to hide their resources there or corrupt politicians who would see crypto as a safe have or to the extreme people who want to cause trouble. And mainly because crypto does not discriminate, everyone is welcome.

There is nothing wrong in getting worried because for someone whose has invested alot in crypto not necessarily bitcoin would surely get worried knowing fully well the impact of the fall in the price of bitcoin would have on the entire market not to talk of those who then invest directly in bitcoin to those, more worry is allowed or a business that is adopting bitcoin for as a payment for its goods and service might be sinking in debt because at the time of sale bitcoin price was high which reduce sales price now that the price of bitcoin has crashed in relation to fiat, its time to restock and now the amount generated is not enough to buy stocks.

However, when you worry just remind yourself, what can you do about it? the moment you can answer that question, then you know the extent to which you can worry or just be ready to move on or probably improvise pending the price of bitcoin would recover to the delight of everyone.

The 10 billion coin worth can move from one bitcoin wallet to another and there won't be any effect to the market but the panic that would be created by the ''wallet watchers'' are those that would create more problem than the initial movement. I don't think 10 billion can even move at once really however, should it happen, was it as a result of dumping or as a result of ensuring more safety to funds? Another factor to consider is the ownership of the coins, as much as it can be concentrated in few individuals controls, it might also be spread as much as possible which makes control of a direction difficult.

Whether bitcoin holding would be worth it eventually would depend on the timing one decides to cash out because to people who bought in 2016 deciding to cash out would definitely worth it for them compared to the individual who bought in 2017 when there was an all time high. The problem is knowing the when which is what makes the whole exercise an interesting endeavor.

I don't think anyone could have been put any better. Banks all over the world are gradually facing difficult situations and its something that calls for concern. For me, I think most times its due to pressure from several quarters such as the central banks, the government agencies, bankers committee and even the general public as they have an expectation of them and the moment their reality does support such expected positions, they tend to come up with a creative way to ensure that is happening.

In a sane society, banks should not go under and if that would happen, there would have been a signalling effect because of the role the industry occupies in the economy. In this case, it is the fault of the central bank for them to have a situation like this in their hands for not seeing through the creative accounting that is being done by the management of the bank and eventually they have to take along the money of their customers who have trust them with their resources. Anyway, its a bank, government will always come through in other to salvage the economy.

Of course. Its an open secret. Over the years several forms of currency have been promoted and they have found a way to shut it down. Liberty reserve comes to mind. What the man was made to go through and even plead guilty to some charges in his own widest dreams never thought exist but eventually he has to cave in. The irony here is that, its not only the US government, its every governments of the world that would have tried one thing or the other to shut down whatever that they feel will threaten the peaceful co-existence that they have come to enjoy and its that simple. I have read governments clamp down protesters, even their organisers slammed with treason for attempting to overthrow a sitting government how much more a currency that could whittle down government influence and there really no one to be held accountable. Shutting down becomes the best alternative.

All of the suggestions you have given are just precautionary ways to avoid being caught up in series of legal battles and be accused of something you know nothing about for being an accomplice because really people who verified their accounts can also launder money in a case where they are using stolen identity which can be bought under the radar or even using their own name but now, they are no longer in the location where they can be traced and some might even be using a verified account of a dead relative.

So, a better way to protect yourself is just to comply with rules and regulations of the platform totally irrespective of whether someone is buying at a premium or buying at a discount. With that, you are protected should things go sideways.

There is a market for anything you want to sell. All that is needed is getting someone who needs to create value from that goods you are selling. I know of game-boy as a pocket game when I was growing up and some of my friends who are teenagers have the console to brag all around the neighborhood. The challenge you might have from my point of view is whether there are teenagers on the platform or young adults who wants to relieve the old memory of childhood by patronizing or wanting to buy for their young ones. Another challenge is this era where we have electronic games the PlayStation and Xbox counterparts that have made childhood memorable and with the advancement in technology you can now begin to play with someone several miles away that you might not get to meet in your life time. Create a thread on the goods section of the forum and you can take it from there.

These are two teams that are match against each other because of the stars they both parade in their teams over time and this match for me would be an interesting one to watch. The twist here is the absence of key players on the part of Argentina which might by default passes some advantage to Germany but I don't think that would really make any difference here because going down memory lane for some matches, Messi has not been the best performer when it comes to country's representations but Argentina has a team is the home of talented players across board. My prediction would be a draw game of 1:1 on both sides.