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I think this Sharia coin is just a scheme to make Muslim countries support their project thus creating wealth for the developer of this coin. There is no way this kind of cryptocurrency will stop Middle east's dependency on dollars unless the authority itself ban USD on their country. That said without the authority's support this project will fail.
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No matter how promising a project might look, especially if they are new projects just look them as if they have nothing to offer and invest only what you can afford to lose. Do not keep your eggs in one basket, do you fall in love with a single coin, no matter how good they are always keep digging, many more good gems won't hurt than relying on a single gem 💍. Be smart
I think most of us had already learned this lesson especially those who are around during those 2017 bull run/crypto craze. Lots of ICO projects promises a lot but at the end they turned out to be worthless to scam project. It is indeed important to dig in especially the skills of the developer. And as of diversification, we should be careful about it and make sure that we can handle several investment well. |
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Liquidity of an exchange is just one part of a successful IEO but before all the listing of Big exchanges, the project must have a well thought whitepaper, professional presentations, good marketing strategy and an adept developer. Missing any one of those will hinder the project's success.
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It's back to square one if you are holding a coin or token for long term and finally altcoin season comes and the token or coin surge in value but has no trading volume on exchange, all your efforts and pain while holding is total waste, do not hold tokens or coins that have no demands, real use cases are what makes them very demanding
It is logical to not hold coins that have no demands. Those who have high price but no volume are just manipulated by the token owner to make it look expensive. Do not fail to this kind of trick. Token with value have high demand from investors. |
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You don't have to buy cryptosteel you made mentioned, why can't you just grab a stainless steel and write your recovery seed on it, safe from fire, water and bad environments too
Exactly. Actually we don't need that so called crypto steel why dont you just keep your altcoins and bitcoins online if you dont want it to be damage when natural disaster comes? Or you can keep it on the bank's safe much better. Keeping your altcoins online is very risky. We have seen several cases of hacks and frozen accounts. If you do not hold the private key of your altcoins, it is not yours. I would go to keep it on a bank's safe. When a natural disaster strikes (such as an earthquake or a hurricane) you'll need to protect your most valuable assets. While most people preserve physical cash for events like these, crypto proves to be a better solution (as it's intangible). The most common form of securing one's crypto funds is a paper wallet. However, this method is not resistant against dust, water, or even fire. Even hardware wallets are susceptible to harsh environmental conditions over time. I know there's something called "CryptoSteel" which is a seed wallet that's fireproof, waterproof, and even shockproof. The only downside is the price which is quite expensive. Which is why, I'm looking for the best way to protect my crypto against a natural disaster that won't break the bank. Any recommendations or suggestions will be highly appreciated. Thanks in advance.  It it would be hurricane, it would probably just fly away and the one who finds it would end up using the private key. Only thing that's good for is for fire and flood. I would use safety locker in the bank, that would also bring guards to the table to guard your box where the key is. If you live in an area prone to tornados and or hurricanes you would of course take precautions against that too, not to do so would be thoughtless. I also have my seed stored on 2 encrypted USB sticks in a fire proof locker, these could also be set into a concrete floor or wall. As your wallet value increases so does your level of security and safety! This is really good method, way cheaper and more accessible. |
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Initial offerings are not what they were. Even IEOs never really reached the highs of ICOs during 2017. That looks like a bit of a bubble now, when it seemed any new project could raise many millions and hit hard cap without even trying. Whilst on one hand it is disappointing that we don't have that hugely bullish sentiment any more, on the other hand sentiment is more realistic now, and if it means that we don't have mega-cap ICOs , then that is for the benefit of crypto in the long-term.
Indeed, IEO's popularity had been declining ever since it was introduced in Binance platform. There are lots of IEO that failed this 2019. There are also other project that still use ICO method and still successful. Though as far as I can tell according to my experience, it is not easy for a new project to raise many millions and you can verify that on the announcement board of altcoin in this forum. Those private sales investors are the one who are gaining a lot from each projects that being held from known exchange. With early day bonuses and
the numbers of coins that being hold, it's easy for them to dumped after it's being listed to exchange. Knowing that they are getting decent earnings
and can re invest the money to another projects privately. This people don't need to hold and take time to wait for the progress of the projects.
I agree, private investors often enjoys 50% or more discount than the one who is participating in a public crowdfunding. No wonder tokens are being dump even at a price lower than the actual ICO/IEO price. |
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As per several news and analysts ,
Bitcoin will touch 10k in the month of January.
It is possible that Bitcoin can touch $10k this January the same weight it can go down below $6k. What I am trying to say is that Bitcoin volatility had shown us that it cannot be predicted precisely. Telling the trend by reading only TA does not bring any solid proof that it will touch $10k because no one can predict the future. So instead of using the word "will" it is best to use "may" because of the reason that it is not 100% true and will happen. |
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In a debate of perspective, I guess there is no winner. They are both right and both wrong though no one can ever tell someone that they are wrong when it comes to personal perspective. It is Peter Schiff belief and naturally, he will shutdown any reasoning that will oppose his belief. So I guess no one can win between the two debators, only those who are favored by audience.
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If world war III happen, I bet we won't worry much about cryptocurrency or other material things, the first thin we will be worried is how to save ourselves and families. There will be chaos every where and probably internet connection will be lost so worrying about Bitcoin and other cryptocurrency is just useless because we cannot transact without internet. We should worry about how we can food onthat troubled time.
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I don’t think there is possibility to change the total supply of 21 million bitcoin, last one of which will be mined in 2140. Satoshi designed the algorithm in a manner that bitcoin will have a controlled inflation. As per my knowledge there is no one who can change this supply.
Always remember in every circumstances there is always a possibility to change the total supply of 21 million Bitcoin but I believe it is not that simple. Bitcoin is just a code so if majority of the supporters believe that there is need for modification of Bitcoin total supplies then it can be done. The only thing that keeps it in that current total supply is its economy. Changing the supply will possibly devastate the economic progress of Bitcoin so developer dare not to change it. |
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Banking systems will change anyway. It doesn’t matter if this is due to cryptocurrencies coming to power, or to some technological breakthroughs or disasters, but this will happen one way or another.
Banking systems are too unstable, these are financial bubbles, time bombs. People need more reliable systems or even abandon them.
Banking system will evolve but will never go away. Institution will take advantage of these innovation to have control over their citizen especially in finance sector. Imagine a government issuing a digital currency and implementing it to be the sole currency of the nation with its blockchain being private? They will track all the currency movement down to a single cent. Blockchain will not change banking industry as much as we guys assume it would, I personally think they will only use it to make the data more transparent and easily transferable with less cost and higher speed but that won't come down to user and won't affect them at all.
Even if they somehow manage to make it faster which could help the customer the banking moves are quite fast already and if they find a way to make it cheaper it would just be less cost for them but same price for us, maybe whales would be able to transfer millions of dollars for cheap and that would help banks get whales but for the regular people it wouldn't change much at all. Banks don't care about the customer, they care about how much they make and blockchain won't change that too much for us.
Aside from that, I would say they will use it to spy on the people. Imagine a ledger where all the transaction is recorded and they have full control of it and each address/account have the people's real identity. That is kinda scary. |
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In this Economic situation Yes Bitcoin might be.
If you are talking about an international main currency, I do not think Bitcoin will fit in. Government of every country will oppose this transition and it is way too volatile for Bitcoin to replace USD and not mentioning that majority of Bitcoin supplies is hoarded by some individual only. Bitcoin is free of that things btc is just Something rare with limited supply and with biggest liquity and store value If any assets in the world.
This is the main reason why Bitcoin will always be an alternative. |
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Aside from the halving I believe the next big thing in crypto is its upcoming events. They will surely utilize this program for the propagation of Bitcoin and Blockchain technology. With this, there is a huge possibility that people who are new to the industry will come to understand what Bitcoin is and how it will help in the current situation. We can see the events here. We all know that if Bitcoin rallies, altcoins will follow. This events will help Bitcoin on its toes and with the halving event ahead, it may give a huge impact in the industry. |
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Bitcoin price is determined by the few whales who happened to hold since the early days. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$.
Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price.
What I mean by whale? The person who have more than million Bitcoin.
Bitcoin technology is great but Market is compeletly different story.
Isn't this kind of scheme can be seen anywhere? Rich people wanted to get rich so it is natural for them to control and manipulate the market if they can. We can set an example for the supply of rice, they tend to hoard it to increase its price and if they wanted to make it lower they will suddenly release this hoarded supply to push the price of rice down. No one can handle and manipulated of bitcoin price because bitcoin is on investor hand not in some one hand where can handle of bitcoin and altcoin price, when bitcoin have higher price maybe investor try to invest with higher amount and sell all of it make bitcoin down, of bitcoin can manipulated and handle by one person maybe bitcoin will change price depend when he wants.
Those who have fund and authority can. If a person is too influential in an industry and at the same time have a huge fund of both BTC and fiat currency, he can easily control and manipulate the market. |
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10k USD worth of token allocation for signature camp for a duration of 6 months... isn't this too low?
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It is a good project but it seems it is over hyped and shilled too hard on its IEO and post IEO stage. I think the market was kind a pumped and manipulated. Just be on a look out for possible dump of this token.
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Its great and nice to find ways to implement Bitcoin to our daily lives such as groceries, shopping or paying bills. But it may seem great I think its not efficient to do payments for your daily needs using Bitcoin or cryptocurrency. Bitcoin is volatile and it may be your loss if you pay using Bitcoin. Its a great idea but still we need to wait for the time when Bitcoin will be less volatile.
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This is great news. This means that Bitcoin is moving in the right direction with the government being lax around it and accepting its uses and benefits. This can also be and eye opener for others to acknowledge Bitcoin and cryptocurrency in the public scene.
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I think we need go over and look past into competition. Instead of Bitcoin beating banks, we should aim for Bitcoin to co-exist with banks. This way we can gain the benefit from both. Banks are also one of the foundations of countries, we don't need to beat banks, we need to be able to cooperate with them to realize the benefit of Bitcoin so we can use cryptocurrency to the fullest.
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Here in the Philippines we could use our local wallet called coins.ph to buy load pay for our electric,water and credit card bills and even book for travel.
It's nice and all that you can pay your bills and such using bitcoin, we can see that bitcoin really has its use for public in the future. But for now, I think its not best to use your bitcoin on such matters where you can use fiat money to pay. Maybe in sometime where Bitcoin becomes recognized by the public for its use and become regularized, we can use Bitcoin for such transactions. |
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