Uganda is a very interesting market, with only about 11% of the population having a bank account. It will be a big challenge for us, but also an opportunity to apply for electronic money as a form of currency. This is an interesting test, Africa is a big market.
it's true they are good market for e-money, but I don't think so for crypto currency? they would probably be more interested in e-money in the form of their own national currency how would you target unbanked people to get into "Fiat-Crypto Trading"? to be able to do that, they need to have (access to) bank account to begin with they are unbanked for some reasons and trading is not a good reason to get them banked  yes i guess so. i don't think it will be approproate for them to have that kind of reasoning. it would also be unfair for them and most probably they will complain or not like how the idea is going on. if we carefully think about this scenario there are some other ways to let them enter trading not only with the reason of banking and other stuffs. |
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This question is especially for those who have been into crypto for a long time. How did cryptocurrency help you, most specifically financially? Did you earn more? Gain more investment? I do have a friend who wants to get into crypto but he does not have a lot of savings in his bank account or any major investment. I told him to save more before getting into crypto because they still have mortgage and car loan to pay. Do you think crypto will help him out to?
Crypto currency which is my current source of other income already help me a lot by earning more than i expected in which more than enough to support my family financial needs. Before Crypto i always looking on how to support my family need in which my salary is really not enough to support my family needs but when Bitcoin was introduced to me by my close friends and always earned more than enough then finally i was become financially stable and debt free that i was able to buy some assets and build a small business for my family thru Bitcoin earnings. exactly! For some reasons crypto provides opportunities to us specially those who are not finacially stable but are willing to work their way up. It also teaches us to be cooperative and be aware of the economic developments and other stuffs or bew related to economy and not only that, it also provides new information about what are new on trend job hirings that is currently on the top list. |
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there are bunch of difference between banks and cryptpcurrency. we wouldn't be able to elaborate one by one all of them here and it is already been talked here over and over again, so if you want to find answers about your questions just try to look around in this forum there are plenty of answers that might answer your questions and clarifications.
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Its not redefining...The price of bitcoin is also unstable if compared to Indian rupees and the price of dollar is also slightly unstable compared to Indian rupees....As like other currency it is also a currency...But its digital currency but not digital money...Digital money are those which are stored in paytm or freecharge etc sites...But its a digital currency...Its just an evolution of technology..
maybe it is considered an evolution of currency but not that particularly is a different kind of currency or money because its nature is always a digital currency. indeed technology changes a lot as time goes by, and as we can see that in the application of our modern currencies. |
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In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?
Muslims are already allowed to deal with crypto currency and therefore this kind. they are already actively learning. Even already at this forum, ICO under the name ADAB is now being created, which creates the first Muslim cryptobank on the basis of Sharia. So the world is developing, the crypto currency is being introduced everywhere. let us not generalize the situation that moslems particularly are not allowed to use crypto, there are some countries prohibits the usage of crypto while some also regulates its usage and adapt to changes in economy. |
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The blockchain technology and idea of tokenization itself is not about raising money for non-existent factories and enterprises, not about government registers and not about the creation of another crowdfunding or p2p credit social platform. Public blockchains are about creating new business models that have not been existent before and definitely could not be implemented in a centralized paradigm.
What is the most promising area for tokenization in your opinion? Thanks 🙏
Like others have mentioned in this thread, the strongest application for tokenization would be the gaming industry. We so far had a free-to-play and pay-to-play system. However, the next step of the gaming world should be a play-to-earn system, and tokenization can play a huge role in this. There are several crypto coins that currently are trying to do this, and it will be very interesting to see how successful the companies can be going into the future. Having a decentralized gaming token in the future years is a must for the gaming industry to keep moving forward. However, this would contradict the original concept of having only one single token. i highly agree since there are also several of tokens sprouting each and everywhere around the market. Some have similar features and so on. It is also true that the gaming industry is one of the fields that contributes a huge impact in tokenization, but as what you have said it also contradicts the original idea of having single token that will serve as the main currency. |
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Too much stress on the phone. I don't think this will happen anytime soon. Since phones are super tiney compared to miners already it would heat up way too much and most likely destroy your phone. If not, it would render your phone useless very quickly. Battery is also an issue. But at that point you are better off getting a computer to mine it since you will be hooked on to the power all the time.
As much as it does sound as a lofty ambition, we can compare that logic with some referential data. Look at the term 'computer', it does encompass a whole lot of device-inclusions that were not in the original design as in the days of the vacuum tubes. So it is possible and could really be a turning scape for the entire blockchain industry. It's possible that companies are currently venturing into that scope as we speak. i don't think it is possible as of now, because as we can see mining needs a lot of resources before you can start the said procedure. In addition that the latest specs for smartphones aren't that great to support such stressful activities on your phones. Maybe someday it could be possible but not now i guess. |
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There are so many possibilities in here if the cryptocurrency will remove or replaced FIAT currency there are some people that doesn't want to use it because they don't know. There are some good deeds it can provide like the faster transactions to any people who use it. But before that happen for sure it will gonna be world discuss.
There will be a huge debate about this thing for sure, and I know this will not happen easily. I actually don't see cryptos to replace fiat, if that is the case cryptos will become more centralize so for me its not a good idea to replace fiat. Better to make a healthy competition with it and let people decide on what to use base on their liquidity. i agree. It is better than letting the ones with the positions decide what we will have to use aas a currency. It will also be fun if only it will have a healthy competition, and it is also expected that it will be really a lomg process and has so long debate regarding this issues and how will they implement it, if it will be authorized. |
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Older people like to invest in gold or silver becauae that is one of the only things that they know of becoming rich. They don't know how the internet works. They don't know what the internet can do to our life and to the world. I know some of them know how to use internet but most of them don't. As we all know, old people grew up without technology. They don't have the internet so that is why in the present day, they don't trust the internet. But the thing is, they should know how to use bitcoin.
Most of the people that invest in gold do not do it because they want to become rich they do it to protect themselves from inflation, in fact in the past it was recommended that you put 10% of your investment portfolio and pray that it does not work because if it does then it means that the rest of your portfolio is going down and probably the rest of the economy as well. i guess you have a point, well because as i had asked someone before too, he said that he prefers to invest into solid investments just like gold and silver, and aside from that he prefers to invest in something that is less volatile than what crypto is right now, i am also confused why he chose that, but it is his own perception and strategy, we cannot blame him. |
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they have their own specific reason why they forbid using crypto, while maybe i don't know if they have their own reason whether personal or not, or is it true that they are taking advantage and that is what we don't really know actually. sooner or later they will impose their official announcement or rules to what will it be, depends on what they have decided too.
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This is why im always breaking the hearts of those who pushes people to sell our bitcoins as if they really cares,i dont know how many thread i have been encountered saying the same topic,sometimes theres a ranked accounts but if you check the profile you'll find that they are only active to make trolling here in our community
whether listening or not, as for me it doesn't really makes sense. Each one of us has their own perception and them aside cannot easily shake what we believe if you are truly a believer, but sometimes due to this persistent news about something we could not avoid being panicked, but who cares anyway, they don't really care about your money, they only want to take advantage. |
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this issue seems to be more difficult than the other issues that had passed. i honestly canmot speak what to do, but honestly we can only find a way when the time comes, there are also conclusions that can be made when it is really crucial and as of now if there could be changes, nobody knows what is it, so in my point of view i will just let time do what it needs to do.
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Crypto currency is able to displace fiat only up to a certain level. Completely fiat will not disappear. There will always be people who will defend their right to use cash and there will be situations for its exclusive use.
Bitcoin and other decentralized crypto currency of the state will not be used because of its high volatility. They will use various centralized coins, including, first of all, national ones. Citizens can choose which crypto currency - centralized or decentralized it is to use.
it will be a long way of process before that time will come, and we all knew that there are so many consequences that will happen, one of those could be arguements to which currency we should use or not, but it doesn't actually mean that we should compare both of them and the other way around. |
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Participation in the bounty is a good opurtunity, especially if our bounty campaign is good and successfull. I'm sure we can easily earn millions of bounty rewards. And of course we should also persevere in waiting until the pump price of our bounty tokens.
i've heard there are some participants who became millionaire because of bounty, and as what i can see from them they are high ranks as usual. i am already contented on how much i did earned from here, and if i would be given a chance then i would humbly accept it, if not then i have no other choice as long as i didn't steal from anyone. |
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Bitcoin as of this moment is getting known all over the world.Who knows someday betcoin well be the one to be substitute instead of money  It is getting known all over the world does not mean it would all of a sudden substitute the main currency of any country. Sure, it could end up being used on a large scale, but over time, I am sure each country will come up with their own centralized digital currencies as we are already beginning to see now and for no reason do I expect that any government will just simply allow decentralization over centralization. Best case scenario that I see playing out is that there would be a co-existence and anything outside that will be so much to expect. there is a possibility that it will be used as a main currency in the future but nothing can prove that or evwn nobody can assure that it will happen. as expected it will be rather used on wild scale purposes according to what you have said but that doesn't mean it will be a replacement for some other currencies. what ever happens still happens, let us just wait for the time to show us that probability. |
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Social media and mainstream news is the number one cause why investors, traders, holders panic and results into an FUD. There are also other factors that affects the price such as price manipulation or spoofing of transactions in trading exchanges in order for people to panic and sell their coins.
somehow some of the news can be right while there are some times that they are wrong, and since it is confusing that is the beginning of their panick. so in the end yes sometimes it affects greatly in the market. some traders also depends on rumors and speculation of other traders, that is also why they are being easily tempted, while the others have iron balls and some are just going with the flow. |
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Anywhere you put your money especially in the digital world is risky enough. Engaging to cyptocurrency is very risky if you're not very well knowledgeable in the internet. Most of the new comer's are bandwagons thus making a total loss when starting. Don't be ignorant and always be careful.
Crypto currencybus very risky.Before you get involvied in it, you must first learn what crypo is and how it works. After getting knowkedge about it, you may start trading or ivesting in itbti get profit.Once you have decided to join in it, you must be ablento face risks or profits that may occur at anytime. you cannot avoid panicking sometimes but it depends on how you handle the situation and overcome the problems. indeed it is risky, even veteran traders and investors would probably get panicked for sometime and get scared, and that is why you need to gather knowledge and apply. mostly here veterans depends on their own TA or technical analysis and with their own experiences as well. |
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quiet plenty of them are promising ones and there is no doubt that in the near future they will be successful or in short they will boom. lots of them had a potential to be like that, it also depends on how the team woks for it and most importantly the supporters who keeps on investing time and money for it. alrhough there is no assurance to what will be the outcome on that certain crypto, seeing only its platform and potential makes us want to invest, that is also why it is being termed risky.
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I couldn't find these coins in CoinMarketCap so I'm going to assume that the trading volume is low and they are not listed in any other exchanges. It's very likely that Yobit accumulated a great amount of these coins from fees over the the last few weeks/months and decided to dump everything as let's face it, these coins has no value and are almost not heard of.
mostly some traders would avoid exchanges such as yobit, because most of the coins traded there has no value. i don't think this is new to me, and yes i've heard about the complaints for a while now, but this had happened also long ago, the same complaints and the same response as always, so let us just face it. if you want to secure your investment then you should put it into some coins instead. |
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I have come to a point where sharing is loving and would like to share this good news about the market fall down of bitcoin and other crypto. Well it is not really that bad news especially if you had already holding crypto because there will come a time that bitcoin will going to go high again on its market price. Just relax, seat back and watch market price going strong each day. And to those who do not have yet their crypto then i this is a good advise invest now and earn in the next few days, weeks or months.
This is a good way to encourage your peers especially in this so called dark and down times where all of us are hust seeing red into whatever screen we are using to be updated on the price of the cryptocurrency market. This is one way to put it and even our most hardened veterans in the field of trading and buying and selling might fail to see that given how low the bar has dropped. We just have to be in a belief and convictions strong so we can be alright in this phase what you said is true. instead of complaining why the market is in bloodbath, you just have to encourage your friends to remain calm and if possible it is nice to buy some if you have some spare amounts left, this is not to ensure profit, but maybe yes it ensures you but also to make others feel better by cheering them up. |
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