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Personally, I have no problem with the KYC requirement which many projects and platforms are implementing in the name of being compliant with the laws of the country. However, I also understand that we can never be sure that our information is actually safe as anybody can decide anytime to monetize them for any reason. I think the best solution for this is to use a platform which utilize the blockchain technology for our data for safeguarding purposes and where we only have to do one time submission of pertinent data and documents. I know there will always be people who are not comfortable with any form of KYC...and for now the best solution for them is to avoid any service that requires such instead look for other alternatives.
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Bitcoin as we know it is supposed to be utilized like money for everyday transactions but aside from this, just like the physical gold, it is mostly known as a store of value that can increase and decrease suddenly in a matter of some blinks of the eyes (well, literally and figuratively). Now, that bitcoin is on the rise, so does speculations though I see nothing wrong with this but the problem can be the imbalance. It is estimated that " only 1.3% of economic transactions came from merchants in the first four months of 2019, little changed over the boom and bust cycles of the prior two years." Personally, I would rather hold my bitcoin that spend it because I am looking forward that soon it can go beyond the $20,000 (or almost) reached in 2017. I am sure that am not alone with this mindset right now. Is there really something wrong with this scenario for bitcoin? |
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I am more inclined that Samsung will not be tempted to make its own coin or cryptocurrency as the market is already flooded with so many alternatives. Samsung should just consider integrating the top coins we already have. Of course, they can choose to have their own and make a splash into the cryptocurrency industry just like what Facebook is soon doing but of course let's hope they will not do the Mark thing as it is not actually needed.
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ETH and XRP are in a position that will hardly be removed by other altcoins, just see that BCH only has 7B of Marketcap against 17 of XRP
Even if there are coins gaining a bigger market cap than Ether in the future (technically speaking, XRP has a +$40 billion market cap based on its 100 billion circulating units), nothing comes even close to the development going on in that platform, and the fact that its network effect is incredibly strong. EOS raised $4 billion in funds and has not managed to attract even a tenth of the developers and activity that Ether currently enjoys. Platforms as EOS and TRON are similar to wash trading exchanges, they thrive on manipulating volume and transactions. Sadly, this is quite true. Manipulations of data has become the accepted norm in our industry and if we really care on the truth then we should pressure these platforms to behave well though I am not really sure if they gonna listen as manipulation has been to their own business interest. |
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In india, crypto assets like Bitcoin, Ethereum and XRP,etc are not legal tender according to the govt. of India .In 2018 RBI (Reserve Bank of India) ordered to the all indian banks to disconnect there banking services to those websites which deals with crypto assets and crypto transactions. And this order is going on.Due to this reason Many big Exchange shutdown in India. Zebpay is one of them.But the crypto community of Indian people is very large in India. That's why crypto community members files a lawsuit in Supreme Court in India.Supreme Court Made a committee for study about that.And the committee is working Hardly to get the crypto regulated in India.On 31 may,2019 the Finance minister of India is changed from Arun jetly to Nirmala Seetharaman. Hope She will Help Indian crypto Community members in regulation of Crypto assets in India.
I am banking on the big cryptocurrency market of India which can definitely play a big role in making sure that we can soon reach the mainstream population. I know it can take years before we can get there but without the recognition of the government and the need to connect with the traditional financial institutions like banks, the job can be so difficult. Let's hope that people into this industry in India will continue on pressuring the government to pass regulations favorable to cryptocurrency. |
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You cannot mine bitcoin by using your phone. But there is a Cloud mining available for the phone, it's kind of airdrop. Check Electroneum company. Right now they have about 100k "miners".
This user obviously doesn't have experience in mining and I wouldn't suggest to get involved in cloud mining. This is very often connected with different scam schemes and it's very likely that he will lose his funds. There are other ways to earn Bitcoin besides mining. Cloud mining programs are very deceptive way to get money or coins from unsuspecting public...yes they may release some earnings but just like the classic ponzi scam soon it will run of cash to pay to its investing members. We should not join those programs nor promote them for personal gains. As to Electroneum, you can mine some coins using your smartphone but they are not that much. With bitcoin, the only real mining is investing with mining equipment and paying the electric bills. |
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Despite facing some instability earlier this week, Bitcoin has been able to post a decent recovery from its recent lows and appears to be consolidating before it makes another large price movement. Analysts are now noting that Bitcoin has posted its best monthly close since 2017, which may support the notion that BTC is currently in the early stages of the next major bull movement that sends the crypto surging higher. At the time of writing, Bitcoin is trading up just over 1% at its current price of $8,510, which is down slightly from its daily highs of $8,600 which were set earlier today. Further Read: https://www.newsbtc.com/2019/06/01/after-posting-best-monthly-close-since-2017-bitcoin-may-be-posed-for-significantly-further-gains/Many analysts continue to project their very positive position that bitcoin will soon rise and this time around it can a huge jump. I am sure they are referring to the $10,000 barrier zone...which many expect can be clobbered by bitcoin in matters of weeks. Do you agree with this assessment or you think there can be a big correction first? |
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The top three countries (USA, Japan, South Korea) are not anymore surprising to me since cryptocurrency activities in these countries are already intense even if USA there are many limitations but trading with exchanges is still booming anyway. I am a little surprise with Indonesia because I am aware that the government is not fully amenable to cryptocurrency though I think there is no clear-cut ban policy yet implemented. I could just imagine if India and Russia will be opening their doors, there would really be a big boom of crypto-related activities globally.
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Let`s us say that a exchange got hacked, Would there be anyway to ban those bitcoins? like blacklist the stolen coins so they cannot be used on the network? I know about going back in time with consensus of the network to a earlier block or forking and using that new chain, but could you just not ban the stolen coins? I mean make a way to do that?
I know what you mean...and I shared that kind of feeling that I think we are inutile in the face of the hackers and scammers all roaming this industry as they continue to sow discord and evils victimizing many people along the way. There must be a solid way we can effectively deal with these people. Unfortunately, it seems that there is nothing we can do as of now. I think there are suggestions on this problem but until the whole industry can decide which should we be using, these people are scot-free to continue bringing menace. Now, let's hope that the time will come when we can find a way to deal with these people. For now, all we can do is to ask platforms to fortify their defenses. And for us, individually, to be always careful not to be a part of the statistics. |
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Nischal Shetty, who is the founder of WazirX. WazirX is India’s most trusted Bitcoin & Cryptocurrency exchange. The vision behind this excellent product is basically to involve every Indian in the Blockchain revolution. He decided to raise his voice on behalf of thousands of youth started “ India Wants Crypto” campaign, Will the Indian government legalize crypto in India? let me know I am hoping that eventually the saga of many Indians dreaming for the approval and legalization of cryptocurrency in India will soon come true. The movement has to metamorphose into an avalanche of support so the more people connecting with this group the better it would be. I am not really from India but I know the beautiful repercussions if the India market can be open for cryptocurrency. There is a need to convey this message to those in the government so that we can allay their fears and misconceptions on this innovation. Let's all help Nischal Shetty in spreading more awareness on many benefits and advantages of cryptocurrency to one's economy and the people. |
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There is a strong trend that is making waves in all fronts of the cryptocurrency marketplace: new players are entering the scene and this is a big positive sign that more and more people are into this investment vehicle right now. Let's just hope that new entrants fully understand what they are into so what happened in 2017 will not be repeated. While bitcoin is slowly growing, we see the same enthusiasm and energy from the people who are willing to face the risk for the possibility of gaining something. Will their dreams be fulfilled or will this venture proved to be fatal at the end? Time can tell.
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Hello Guillaume, I am happy to meet an entrepreneur like you here. You have an impressive resume and with your work right now in the world of cryptocurrency, I am sure there are many things store for you and your endeavor. It would be good if we can work together in a project though I must say that am just a simple man with limited resources and understanding.
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Having a bad feeling about HitBTC right now. I think something is not right with that exchange. Just saw another thread (in another sub-forum), in which an user was claiming that the withdrawals are getting delayed. And it looks to me that they recently increased the withdrawal fee. For example, they are charging more than $6 for Litecoin withdrawals. This is just crazy...
Unless the management of HitBTC can resolve the many problems it is experiencing right now, I think this exchange can be facing a bleak future. Why would anyone will continue doing business with this if they are exhibiting many red flags? Of course, users will be cautious with them and soon their business will halt. We all know that HitBTC got so many complaints even before this latest incident and now so many developments are taking place not favorable to the exchange. We should pressure HitBTC to behave the way they should be by releasing withdrawals, first and foremost. |
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I’m proud of those who can choose both options. Sometimes not all of us have the privilege to have both. We only have enough for one, and I guess it depends if you have the time and effort to pursue investing in a business, go for it. But if you have determination and patience, go for bitcoin! I think you should choose the best one that’d suit you in your endeavor. Don’t pick the one most people to say you’ll get more profit from because we all have different experiences and expertise. I advise you to do thorough research. Investing is not a joke. It should be carefully planned.
One has to diversify one's investments to minimize the risks involved. Going into business is good and investing with cryptocurrency can be another good choice. The best thing to do is to do a business and invest some of the income of the business with bitcoin. I agree, in investment, one has to make sure that he has done a lot of thinking before jumping into the waters. Business takes a lot of time, resources, effort and of get some luck. As to cryptocurrency, timing can be everything so make sure that you know what you are dealing with. |
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