They're doing something similar to Bittrex. I still have some coins there that I'm not getting back. My account is frozen because I ignored their KYC policies.
What these exchanges are doing is extortion. If someone doesn't pass KYC they should send his coins back and simply deny them service (trading). They have no right to hijack coins.
Another proof that not your keys = not your coins.
That is really not a smart move on their end. They just lost some clients on this action. But have they given a period to transfer your funds before implementing the compulsory KYC policy? Because normally, they will release a statement that they will implement such policy, and so you need to move your funds before that happens. Just like what crex did. They informed their clients that they will require KYC for their EU clients as tweeted like this - https://twitter.com/crex_24/status/1201822589771026432?lang=en |
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If this kind of development will continue, the chiliz platform will survive long in crypto market. Because the actual use case of the project makes it strong and valuable among crypto users. Are there other sports teams in the pipeline that will soon join the socios family? More of these sports teams will give a stronghold in the crypto market. So good luck! |
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This is such a scam, get out if you have the chance!
Creating your own exchange is very difficult, this work continues, let's wait for the swap scheduled for October and see what happens. Sometimes the team chooses not reliable partners wasting their time and personal funds and ultimately undermining the trust of the project on the part of the community. Now the project is being pushed forward to a greater extent by the Kubo coin team, perhaps there is still a chance for a successful outcome.  Interested how they can revive this project and earn the trust of the community. They need to show proofs that they can implement something successfully before they can say that this project is still alive and trying to regain its market. Wondering if Kubo team can salvage this project out of misery. Let's see... They have plans in place up until 2023. But can they really keep this project survive for the next coming years? |
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There are already a lot of explanation on how on how high yield investment programs and ponzie scheme works in this forum. People constantly warn others about the risks and scams associated with it (like the exact way you are warning!), but there are people who still fall it. They get greedy and without thinking twice they start investing in those programs and loses everything eventually! Again, there are people who "knows" that these are scams, but they still want to try their luck and see if they can escape with profit.
I might sound harsh, those people deserve to get scammed. At least they will learn a valuable lesson from it and warn others.
They cycle will really continue as long there are people whom do continue on investing up into these things.I dont know if they do really learn up for these things to be a scam but they did still even try to test it out because there are really people who do just join up and ran away with profits since they do know on how ponzi or hyip works but this turns out to be success from time to time yet we know that they can ran off only a few hours which would lead into complete loss and those scammers repeat the whole new process. Greed is one of the primary lessons why we do still seeing that there are people who do continue to get victimized into this very classical way of scamming.People never ever learn and it will continue as long there are someone who do keep up feeding on this one. These scammers will try and try their scheme because as you said there are users that still patronize this kind of business thinking that they can really earn money out of it. It is the hope that they will get good returns even if the site is not a reputable one. Just like you said, it is greed that attracted them to send funds even if the business strategy is not clear to them. Some of the users need to learn hard lesson before they realized that there's really nothing in it for them. |
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You will not get widespread acceptance of bitcoins in supermarkets and stores. Because there is no economic feasibility for their owners. To date, Bitcoin makes ~350 thousand transactions per day, distributed around the world. If we take 1 billion people from civilized countries, then on average out of 3 thousand people, only one can make a single transaction. One in 3 thousand. If 3 thousand customers pass through the supermarket every day, you will receive only one payment per day in bitcoins. If 500 people pass through a restaurant a day, then one bitcoin payment is made in 6 days. In reality, this figure will be much lower, because most bitcoin transactions are buy - sell.
Stop dreaming. You want to pay with bitcoins, but you don't want to change anything with Bitcoin. This won't work. If you want to use bitcoins, make it possible to make 50-100 million transactions a day. Then, perhaps, you will see the bitcoins in supermarkets.
So right now, the easiest one that a crypto user can do is just convert his btc to fiat money and spend it directly to shops. Since the availability of merchants which are accepting bitcoin or crypto is still low in number, the best you can do if you do really want to spend your bitcoin is convert it to your fiat money, right? I really have no problem with that case. Because at the moment, as the tx fee is getting higher, merchants will have hesitation of integrating btc as part of their payment method, maybe other alts like doge or xrp but will find it hard in the implementation part. |
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He is partially right about the future of the US dollar and oil.However,I can't agree with his 500K USD Bitcoin price prediction.The moment Bitcoin becomes really bullish,all the crypto traders,investors and risk seekers will jump on the altcoin wagon,instead of buying and HODLing Bitcoins.
When the Bitcoin price explodes to the moon,all the government officials and central bankers will start with the "Bitcoin is a bubble,do not buy!" type of FUD,which will eventually stop the bullish trend.
Those two factors make me believe that Bitcoin will never reach 500K USD and it doesn't matter how weak is the US dollar and how obsolete oil will be after 20 years.
The scenario is very possible but it would take many years to reach that level. After all, as long as we live, there's hope. But this price tag is still very far from horizon so I don't think there's benefit of discussing it right now. Though if someone is looking for long term like maybe 10 years, and can afford to invest in bitcoin in spite of its volatility and other unforeseeable circumstances, then maybe he can use this as inspirational source but not something as basis of his personal decision. |
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Does anyone know any such platforms?
The only "legitimate" ones are BlockFi and Celsius Network. The other 99.9%? Investment scams. And would you advise to invest into those?
Some people like to do so, some don't. Personally though, nope, as I don't like handing over my bitcoin to centralized entities both due to privacy reasons and security reasons. If you're really interested though, it'd probably best that you NOT put everything on their platforms. Just invest what he can afford to lose. Because these days, hard to put your trust to any of them. You have to trust your own judgment when it comes to your investments. |
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They have only one exchange right now. Are they delisted in some exchange as supposedly they should be listed in at least 2 exchanges before hitting in CMC? And is this project is really active, why is their tread so dull but seems that their website is active with their current challenges? |
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I think a popular individual buying a a huge amount of a token does not neccessarily mean that the token is investment worthy, As a crpto investor, you need to master the act and the art of doing your research before buying any token. Don't buy tokens because a popular person buys. It is wrong trading and investment ethics.
Definitely true. Because they may create hype on the project because they invested a large sum of money. But you need to really do your own homework and check the viability of their plans. Because those projects, I haven't seen them really here to be successful in implementing their platform. If you are a responsible investor, you will do your own due diligence and investing just because a popular personality is behind it. |
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Social media links updated
But no decent website on the works? If you want to develop a serious project, we should be looking a professional website and not all these social media links where everyone can always create one. But since it is still PreAnn, we may understand this time but if you want to be taken seriously by the community, you should present a very substantial concept along with at least website to refer on. |
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Wow, it's impressive that such a big organization thinks it's an important topic to cover. The video has more than 10 thousand likes, which is also impressive. I like the pros part which is very honest. As for high volatility, it's not necessarily such a big risk, and the argument about criminals is invalid given that criminals use fiat extensively. I also wanted to read the article and I saw there was some link, I believe, but now I don't see it in the post, so I cannot comment on its content. I've found an article online, but I am not sure that's the one because it's dated June 2018. The video is more interactive and simpler which might appeal to the wider audience. The article is more precise, but it also seems more neutral compared to the relatively positive video. Cryptocurrency is a rather diverse topic, and Bitcoin alone has been endorsed, and equally poked at by arguably bigger organizations, and people of the world. The criminal argument is usually the most obviously quoted part of any argument against Bitcoin, but as you've mentioned its completely unfounded as every currency that exists in todays age is not only used by criminals, but abused by them. Cash, is much better to use if you're a criminal, than Bitcoin which is stored on a public ledgers for anyone to see. Cash, is pretty much impossible to track. This article, and video might be older, but its the same argument I see from people who aren't familiar with Bitcoin. "Oh the currency that enables criminals" Its rather annoying, and becomes tedious to actually recite the same information over, and over again....just like I did above...again. They need to change the approach towards crypto. They will always use the criminal part as example because that's where they can get attention from the audience. And so the negative impression is built from there. But smart people knows past that kind argument. Even if they are selling crypto in that way, we know better how it really goes in crypto. Maybe for beginners/newbies but for long timers here, we are not buying the idea of the argument regarding criminals in crypto. |
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i dont hate banks i like banks they protect my money:)
if you lose your crypto keys how will you rcover funds? but with bank even i lose my online passwrods or bank card the bank will still verify who i am and will hold funds for me.
i dont mind banks and i really dont undestood this bs against centralised organisations.
Banks will always be there. And I don't think the withdrawing of funds these days means losing trust on these institutions. But rather they are just withdrawing in preparation for this crisis. Because we don't know how long it's gonna be. It is better to have always cash on hand to prepare for the worst case scenario. But once this pandemic is over, people will always go back to their banks because that's where they feel safe to entrust their funds. And many people still do. |
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Guys, do you think that ICOs could make a come back? I do and here is why. Every year dozens of companies raise money in Silicon Valley for startups, many pre revenue. Also, with the economy injured from nCov19, it would make sense to allow for new economies. This would include letting new startups in Blockchain raise money, and imo if they are well vetted, and trusted by the community, they should be allowed to raise money. What do you think?
It is difficult for a new project to do an ICO and get sales results like in 2017. I think the ICO has begun to fade and began to be replaced with IEO. New exchanges are constantly popping up and also doing IEO on projects and in my opinion the ICO trend has begun to sink new exchanges that do IEO will not get investors. if there is a project like that then ignore it. New projects must focus on developing first with the launch of a prototype platform. if the market already knows if the project is going well, of course waiting for investors to come to provide development funds will be easy. Agree with you, investors are only interested in reputable and liquid exchanges. If IEO were to perform on small and new exchanges, I believe they would fail like ICOs It has happened a lot in many IEOs, sales do not reach the target because the IEO is held in small exchanges. Binance or other large exchanges are still a favorite for investors and not all new projects are able to do IEO in the exchanges. I think it is natural that large exchanges carry out strict verification, because it involves their reputation Recently a few ICOs got successful. But someone shouldn't think about this is the new hope of returning it because ICOs cheated with people so much that people are not going to trust on ICOs anymore. So i haven't found any possibility returning ICOs in future There are still few projects trying to hold their ICOs. Maybe we will encounter 1 or 2 that will hit their targets, but I think that's it. People got burned so badly during ICO hype. So I don't think there's real comeback for this crowdsourcing type. They better forget this way of scheming people and just do their real job of raising funds like tapping private investors and such. |
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XRP is indeed a coin worth taking into account but compared to XRP, I prefer Ethereum to replace bitcoin. Well, we don't know what the future holds. however, considering the current developments, I think ethereum is much better than XRP.
XRP has already made to be a payment system to replace the traditional system that is still used by the majority of countries. Ripple has no chance to compete with bitcoin and people knows that so well if ripple is not giving what has already given by bitcoin. Ripple can't even surpass ethereum and it doesn't make sense to call ripple as the next bitcoin for sure. Ripple has the advantage in the payment sector because the transaction fee is cheap and they are fast. But beating bitcoin? Hard to reach that level. But I am not against of exploring their business in the payment sector as we need a relatively cheap and fast transactions and right now btc and eth are expensive on that terms. |
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From all angles, I believe the whitepaper matters whether in the case of ICO or IEO, because in each case, whitepaper is used, and it is in this whitepaper that the team writes down their ideas or use case they are bringing to the crypto space. In addition, it is through studying the whitepaper will an investor be able to make the right choice. Lastly, irrespective of the fact the whitepaper is very important, I think most scam team has made it look like it no longer had value, through writing one thing only to end up developing something totally different and of course worthless. So, let's look beyond what the team are projecting, be it hype or whatever and starts from the basics of the project which is found in the whitepaper.
Whitepaper is still an integral part of any project. However, a serious investor should not rely on how well-written the whitepaper is, but check for their capability of delivering their actual product or service. Nowadays, I prefer to check the product rather on how they created their wp. Because most of them are just copy-paste from other's work. So in my opinion, whitepaper doesn't matter the most for me but the actual product they can offer to the community. |
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This face mask is not even safe to wear on you face because it has no respirator which makes breathing to be more difficult. This might not be totally be protective against the virus like other face mask such as N95. It is probably produced limitedly for people who like seeking attention of the public which means their aim has been achieved at they are now being noticed and reported on many news outlet
I think that's one factor that he wants to achieve here. Attention from public and he already got it! But I seriously doubt he is using that mask on his day to day basis. Maybe, this item is just some sort of memorabilia for him, a very expensive one. Just for display and not really to be used in public places. He can do whatever he wants as it is his money. So no problem on my side. Maybe he is looking for its future value so it is like buying an expensive asset. |
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The best thing about this question is that the answer does not matter:) You are allowed to treat it as anything you want, digital asset, store of value, currency, independent money. In fact, some people treat it purely as speculative asset and they trade and whatever gamble with it, that is fine.
Demand and utility ignores all these aspects to my opinion:)
Yeah, it doesn't matter what do you want to call or categorize about these cryptocurrencies. As long as they are doing their job and providing their purpose, that's what matters most to me. You can't fool a regulatory agency just by changing its name because they already have take on this. But saying that they can have full control when it comes to crypto, I don't think so. |
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To all the comments above: Tesla has obviously been brought up to the top through Elon, so did Bitcoin get propped up by Satoshi and all of our devs. That's just obvious.
But I'm not sure if Tesla can be compared to cryptos. Like, does it even make sense? They're two completely different things. I don't get the idea of comparing BTC to literally anything..
Same position here. Tesla is producing actual products where btc is a form of digital currency. Those 2 have different nature and usage to mankind. So whatever is their market cap, it is what it is. And there's no point of comparing them. |
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My question is about a related matter. When I've asked in a different thread what is required to become a good bettor, many have mentioned that knowing the games, the teams and things like that is essential. But I'm sure there's a certain limit to this flow of information, and when this limit is reached, it's not useful and is even potentially harmful for making the decision.
That information that you thought "maybe" won't be useful or might bring changes for making a decision is also the one you need to increase your winning of chances. Knowledge about the game is really essential even the game is unpredictable. Blinding only looking at the odds can wreck your funds in the long-run. I understand that you are still experimenting with how sports betting was done. Actually, this concern for yours is easy and simple to understand once you have become an experienced sports bettor. Just continue experimenting with caution. With experience, you will know what factors have the weight on every match. Sports betting requires tons of knowledge about that game and you will really drown from all those information if you don't know how to filter which one needs to go. Just by staring the odds will not really help as I have done it also many times. Unless, you will do your own analysis, you have better chance of winning. |
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