Latest posts of: CryptoBry

Personally, I would consider Bitcoin to be risky but rewarding as well. Maybe it is time that people should look at this platform at its totality and its potential as a big disruption in the way things are going on especially in the world of finance, money, trading and related concerns. Bitcoin is all about returning the power to the people and though it is not perfect (nothing is) and can can argue that this is not happening at all at this time there is no question that Bitcoin has become like a catalyst in the marketplace.

All the major risks mentioned by OP here are all existing in the market and it is apt that newbies should educate themselves first before jumping into the waters so there will be no big surprises. People should not just focus on many possible financial rewards that can come dealing with Bitcoin but also the possible pitfalls one can experience when not very careful. I was once a victim of some scams and wallet phising so I know the experience of losing some cryptos or tokens into thin air but out of that experience I learned a lot of things and I decided to never give up in my love for Bitcoin.

Just to make things clearer and fairer, many of the possible risks we associate with Bitcoin or cryptocurrency in general can also be present in traditional fiat money or financial institutions to varying degrees.

Quote from: Excell110 on October 01, 2019, 08:50:53 PM

You know this question is unavoidable...

I understand what you mean because as far as I know whenever Bitcoin is making a dramatic dip people are going to be asking the same unavoidable question if they are making a big mistake putting their trust with it or is there really a good future ahead for this cryptocurrency. Given the volatile nature of Bitcoin, this question should have been settled a long time ago. The thing is that in its entire 10-year history, Bitcoin has had been proclaimed dead many times over but amazingly it also has this resilient quality so that it keeps on coming back -- akin to the resurrected legendary Phoenix I would compare.

People who are doubting on Bitcoin's capacity to get back on track once again can, of course, jump the ship and just forget about it, but there is always the better way: wait for some time or just hold for some weeks and witness how Bitcoin can be out of the bearish period and it will start roaring its power for all of us to see. Now, I am not actually sharing this like financial advice to anyone but just sharing what I already experienced with Bitcoin and what I predict will be happening soon. I think the mistake is not getting involved with Bitcoin and not getting into it while there is a big dip.

Just started in the Yobit campaign and I am hoping for a fruitful ride with this platform. I have two concerns...hope somebody can aptly reply or share any thought on these.

One, after inputting my signature number in my Yobit account, there is a comment that says: "Please update your signatures (ver.24.09)" what does it mean and how to do it?

Two, I am also involved with social media campaigns of other projects so I am making reports here in the forum, will there be no problem with that?

As far as I can sense it, there is now a growing consensus among Bitcoin holders, lovers and enthusiasts that their favorite coin has a lesser chance of getting back to the $20K level within 2019...but there is a big possibility for that to happen next year as it is the year of halving and many positive developments are expected to transpire that can push more excitement and adoption. Now, the question is this: What if 2020 will turn out to be just another 2019 will bitcoin be falling out of flavor or will hope spring eternal?

It would be interesting of a study in case Venezuela would eventually adopt Bitcoin as part of its national reserve of currencies and how it can impact the country's economic woes and challenges. Well, for a country that is desperate exploring as many options as possible is imperative. Will Bitcoin be a catalyst for good change sin the economy of Venezuela or will it just be a status quo? Now, if there will be positive domino effects in the use of Bitcoin then certainly this can not be hidden to other countries that can have economic and political upheavals as well. But at the same time this can cement the notion that Bitcoin can be a good way to avoid sanctions.

Personally, I don't think that eventually the government of South Korea will shut down all cryptocurrency exchanges. Maybe there will be more and more regulations to be implemented strictly so as to counteract shady players and transactions in order to protect the general investing public. Remember that in China, the government is not really able to stop Bitcoin and I think sensible people in the government knows this reality: shutting down legal platforms will only create a new market where the government has no control whatsoever and has no slice in the revenues circulated.

I guess the best way to turn lemons into lemonade is to buy more Bitcoin and then hold them for the long-term. Before the launch of the Bakkt platform, I already some predictions that this is actually going to constrict the price of Bitcoin and will it hard to do a bull run just what happened to the physical gold years ago. In other words, Bakkt is going to be a tool where players can "manipulate" the Bitcoin market and in effect stop it from growing. I am thinking that maybe Bakkt can be a vaccine administered to Bitcoin so it will not go on growing so much for the many predictions of millions for Bitcoin. I am hoping to be wrong though.

This is not the first time that Bitcoin made a big dip nor will this be the last. You should have moved your Bitcoin right before this dip but the problem is that nobody can really predict what can be and all are just speculations. If I am in your shoes (what size is it?) then I will just wait and hold on because eventually Bitcoin can be back with a vengeance. Now, this is just my idea or my own speculation of what can happen next with Bitcoin and should not be taken as professional advice.

Quote from: alphaboon on September 27, 2019, 12:59:10 AM

Hi, recently I went to a website https://www.crypto-way .ltd (I add a space in ltd so that you won't click on this accidentally. It offers 2X of the amount of money you send in. I find it too suspicious and did a check on the domain name. It was only registered a few days ago. The British company they are suppose to be does not exist and they are hosting in a russian hosting company, making it impossible for me to contact them to feedback to them. If anyone can speak Russian and do the feedback, that would be great as it keeps another scum away from our Bitcoin environment.

This is a doubler program which became popular in 2017 and yes this is just another cheap scam appealing to the greed nature of anyone especially those who are just new in the world of cryptocurrency. Scammers are always creative but many times they just recycled programs and maybe just use another name for it to make it appear new when in fact they are not. I always feel pity with the newbies who can fall victims for this scheme.

Many platforms offering payment solutions are now also offering their customers the opportunity to buy Bitcoin and why not when in fact they should be viewing Bitcoin as a product and not just a disrupting platform that can displace them eventually. One thing for sure is that Bitcoin will not actually kill organizations like PayPal and the likes but will even enhance their business. While Bitcoin is supposed to be a P2P payment network, we now realized that it can actually be cumbersome when you are dealing with someone you do not meet personally and have no previous linkages with so much so that people would rather trust well-known platforms as the intermediaries in buying Bitcoin.