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General => General Trading Discussion => Topic started by: pipsbuster on April 07, 2018, 10:44:24 PM

Title: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: pipsbuster on April 07, 2018, 10:44:24 PM
I personally don't see how businesses can rely on a currency which fluctuates so much over such short periods of time.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: CanadianPsycho on April 07, 2018, 10:49:18 PM
It's a good question. For the answer, you might want to study monetary theory and specifically develop your knowledge on why people desire to use monies in any complex economy.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: pipsbuster on April 07, 2018, 11:11:59 PM
It's a good question. For the answer, you might want to study monetary theory and specifically develop your knowledge on why people desire to use monies in any complex economy.

What does that theory say with regards to why they should prefer extremely volatile imaginary money over government-backed stable currencies?
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: CanadianPsycho on April 07, 2018, 11:27:24 PM
Volatility is an undesirable quality of any money so all else being equal, a volatile money will be less desired than a money that displays stable and predictable purchasing power over a period of time.

Of course, all else is not equal. This is why government monies historically have a consistent pattern of becoming highly undesirable when monetary policy makers lose control of an inflationary money's inflationary cycles. They become highly volatile and lose value in ways that become increasingly unpredictable.

Over the long term, we should probably think about why monies are useful. A common misconception I hear about money is that it is valuable because people simply imagine it to be so and enter into a shared and voluntarily accepted mass delusion that a dollar buys a certain amount of goods or services. This is incorrect. Money is valuable because it allows us to rationally index wealth. This is why precious metals have in the past made for relatively stable monies because they have qualities that make it easier for them to rationally index value. Those qualities are,


Without all of these qualities, a money is highly unlikely to index value well. Without fungibility, no one might know how to value individual units of money. Without durability, indexed wealth could not be stored for later use. Without divisibility, purchases become harder and fractions of indexed wealth become difficult to keep track of. Without portability, indexed wealth is difficult to move to new owners. If money is easily counterfeited, this can cause runaway price inflation.

Cryptocurrencies present all of these qualities so we must ask, why are they so volatile? Well, if you had a useful money that was limited in supply and introduced it to the world and saw a population of just 100 use it, what do you suppose would happen to the value of that money if then 10,000 people desired it? All else being equal again, the demand would have increased 100 times seeing the value skyrocket by about 100X right? As the value of the currency held by the hundred increased rapidly, the 100 individuals would have to start making decisions about exchanging their new money for other wealth or to hold on to it. This would cause price fluctuations and then probably a value drop after the sharp increase. This has been a recognizable pattern for several years in crypto now.

So as people come into the crypto economy and exit with value increases and reductions, you see the user pool increase and contract but always increasing on net over time. If this is what causes volatility then it means that as long as crypto keeps growing, volatility will continue relative to how big and frequent the growth spurts of the user base are. This is why payment processors are a required evolutionary step in this process though user adoption would still be possible even without them. I imagine it would take a lot longer.

Anyhow, like a child growing into their clothes, cryptocurrencies are growing into their markets and you should expect to be buying new clothes quite often and for quite a while to come. Once Crypto finally fits into its adult clothes, volatility will have subsided considerably by then. It's a chicken and egg thing. What comes first? More users or less volatility? Neither does really; they both come together.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: pipsbuster on April 07, 2018, 11:40:31 PM
As I am not much into conspiracy theories and don't live some place like Venezuela, I have no problem using government-backed fiat currency controlled by a central bank accountable to its country's population. Yet I would feel terribly uneasy using imaginary electronic money effectively controlled by someone anonymous like "Satoshi Nakamoto" who still owns a major portion of Bitcoin.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: CanadianPsycho on April 07, 2018, 11:49:07 PM
Bitcoin is not controlled by Satoshi Nakamoto. That's not how the currency operates on a technical level. He does theoretically own quite a bit of Bitcoin which could cause short term shocks in the marketplace that would be severe, but it's more likely that Satoshi discarded the keys when they were basically worthless and people were sending each other thousands of Bitcoin as tests. Personally, I'm sympathetic to the view that Satoshi was Hal Finney who sadly died some years ago. He was a great person.

I'm also not into conspiracy theories. I don't know why you brought that up.

I'm glad you don't live in some place like Venezuela but lots of people do. I'm happy that they have tools like crypto to help them somewhat.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: pipsbuster on April 07, 2018, 11:53:55 PM
I wouldn't like to take guesses as to whether "Satoshi" discarded those keys when it comes to my financial security.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: CanadianPsycho on April 08, 2018, 12:02:45 AM
Indeed! That's a reasonable reason to be cautious at the very least. I tend to agree with that which is why other cryptos like Ethereum, DASH, Monero or whatever might be of greater interest.

Fun fact, Bitcoin used to hold dominance of more than 90% of the market trading volume in the entire cryptocurrency space. Today the BTC share of that market stands at just 45%. It's been as low as 32%. Bitcoin may not last over the long haul if outcompeted and I think that's a very real possibility which obviously would mean Bitcoin itself doesn't gain mass adoption.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: pipsbuster on April 08, 2018, 12:08:55 AM
All other major cryptocurrencies (those that you mentioned and more) closely follow Bitcoin's rate. Makes me think there's nothing to them but the Bitcoins that were paid for them (for which, in their turn, real money was paid).
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: CanadianPsycho on April 08, 2018, 12:17:12 AM
So...I just made note of the fact that at a LOW point of dominance, Bitcoin took almost a third of the entire market for trading volume. So...yeah...most crypto assets track Bitcoin closely. Considering I just explained that Bitcoin is the primary market instrument, that shouldn't be surprising.

As for there simply being Bitcoin behind the other crypotos, with all due respect I think that's short sighted. The monetary value of the cryptos that are bought and sold with Bitcoin (they are increasingly being de-linked from BTC) is linked to value in the crypto-economy as a whole. If someone buys a Bitcoin for $7,000 for instance and then buys some other crypto with it like DASH, the exchange for DASH does not create a new $7,000. It creates $7,000 of increased price pressure against DASH and decreased price pressure against Bitcoin. So that means that the Bitcoin has to be backed up with some value injection in the system to create demand for Bitcoin. Things like computers, cars or just good old cash.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: pipsbuster on April 08, 2018, 01:00:30 AM
Most alts are not sold for fiat directly, only via Bitcoin. That's because only Bitcoin (and not other cryptocurrencies) is regulated as a commodity in jurisdictions where crypto exchanges operate. So first there has to be a bump in BTC/USD when one buys Bitcoin with dollars, then there's a subsequent bump in ALT/USD when one buys the alt with those dollar-bought Bitcoins. All value is measured in USD because that's the only part of the equation with real value. Relative to those purchases, Bitcoin network's internal value created through Bitcoin transactions is negligible, whereas the US Dollar network's internal value is immesurably greater. That's why all the Bitcoin "whales" measure their wealth in US Dollars, not in Bitcoins regardless of their current dollar value.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: CanadianPsycho on April 08, 2018, 01:17:14 AM
Almost none of what you just said makes sense. Why do you think only BTC is regulated as a commodity? There is a variety of regulatory structures that all address crypto currencies, not simply Bitcoin.

And yes, people who hold lots of crypto (and a little bit of crypto) typically measure their value in dollars because dollars are the common unit of account. I'm not sure what your point is.

Like I said, cryptos are typically traded against Bitcoin which is typically bought with fiat. None of that is zero sum trading. If you Go from fiat>crypto>crypto, the crypto>crypto trade is a trade that utilizes fiat measured value injected into the crypto economy typically (bot now exclusively) via Bitcoin. I'm not sure what kind of point you're trying to make here.

If your point is that dollars are used more than cryptos, then...yes? But again, I'm not sure what you mean to say by pointing that out.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: pipsbuster on April 08, 2018, 11:03:16 AM
My point is without the injected fiat, crypto would be nearly worthless in fiat terms because of its negligible internal economy whose fiat value is a minuscule fraction of crypto's current total fiat value.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: CanadianPsycho on April 08, 2018, 01:57:12 PM
Fiat is just a wealth indexing tool and people use that tool to allocate wealth to the crypto economy. What you just said is like saying that cars would be worthless if people didn't buy them with money.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: pipsbuster on April 08, 2018, 03:34:21 PM
Fiat is just a wealth indexing tool and people use that tool to allocate wealth to the crypto economy. What you just said is like saying that cars would be worthless if people didn't buy them with money.
Cars have a clear immediate utility. Buying Bitcoin is like buying a Lambo in a country with bad roads.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: CanadianPsycho on April 08, 2018, 04:12:07 PM
Currency has a clear immediate utility which is the rational indexing and transportation of wealth. If you don't think that's an apparent utility of a currency then you don't know how complex economies function. I can suggest some reading material for you if you like.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on April 09, 2018, 03:11:09 PM
I think it may take some time but it will happen eventually. Progress goes only one way.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Alekxandra on April 09, 2018, 04:02:02 PM
I will assume that in the future the currency will be energy, and instead of plastic cards small but powerful batteries.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on April 10, 2018, 12:05:57 AM
I will assume that in the future the currency will be energy, and instead of plastic cards small but powerful batteries.

Come to think about it, so is food energy... plants and meat; all harvesting the sun. Does a Bitcoin have any stored energy of any sort or is it wasted energy used to produce it while polluting our environment?


BITCOIN: $6,709.14 -4.47%

Today's Open
    $7,022.71
Today's High
    $7,170.76
Today's Low
    $6,616.57

Change
    $-313.57
Market Cap
    $0.114T
Supply
    16,967,988


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: CanadianPsycho on April 10, 2018, 01:30:49 PM
Indeed, all monies are basically types of energy if you get down to it. Bitcoin is a way of using stored energy to index value.

The energy that Bitcoin uses to secure its network isn't "Useless" and certainly pales in comparison to industries like precious metals mining or even the traditional financial sector. People who don't know much about how energy is typically allocated have made a lot of hay over Bitcoin's energy usage, but even I would agree that it's sub-optimal which is why other methods of securing cryptocurrency networks are very compelling. As well, Bitcoin for the first time drew together a network of compute power that had never existed and that itself has inspired some incredible projects like Cure Coin which aids medical research and predictive artificial intelligence networks that not only have access to more computing power than even major corporations, but that is also open source and available to anyone. These are monumental leaps forward, and it's simple ignorance to call those leaps forward "wasted".
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: CanadianPsycho on April 11, 2018, 10:26:39 PM
So I think this is relevant to this thread.

I flew from Nassau to Toronto today and happened to be seated next to someone I'd never imagined I'd bump into. I won't name any nams here but he's the president of one of the oldest private banks in the tropics located in the Caymans. I always say hi on a flight cause you never know who you're gonna meet! :)

Anyhow, this fellow manages billions of dollars and he's been in banking for a lot o' years. I told him my background and suddenly we were talking all about crypto. The relevant part? This'll be paraphrased but without exaggeration on my part: "We're completely refocussing on crypto now. permissionless ledgers are unprecedented and our clients have figured it out as well as us."

He also told me about a partner of his that's gone virtually "all in" on crypto exchange infrastructure. It's funny becayse these are all people twice my age or better.

Considering who this guy is, in my mind this is a significant signal in favour of infrastructure level adoption of cryptocurrencies.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: reinerh on April 11, 2018, 10:32:50 PM
wow canadian, that was an eye opener for you......................

would have been even more so for me of course.

thanks for sharing that with us all.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: CanadianPsycho on April 11, 2018, 11:07:54 PM
wow canadian, that was an eye opener for you......................

would have been even more so for me of course.

thanks for sharing that with us all.

I've actually run into a lot of this recently at conferences and such where you would expect it, but never on a random plane ride. It was a very enjoyable flight.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: reinerh on April 11, 2018, 11:20:16 PM


canadian,

i bet, you were in your element, and it was right up your alley.

me too enjoy intelligent enlightening conversations wherever they present themselves, and ignorance and stupidity i hate like the plague.

always interested in learning whatever i can.

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on April 12, 2018, 02:26:55 AM
BITCOIN'S bubble is bursting and the cryptocurrency will struggle to recover according to the Swiss Federal Institute Zurich (ETH Zurich) which has predicted a bleak future for the digital token.



https://www.express.co.uk/finance/city/944782/bitcoin-cryptocurrency-bubble-bitcoin-price

There are people who know what they are talking about, in "few words" and then there are the marketers who evade all forums, trying to peddle their goods, hoping to entice others to risk their hard earned "real" money.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: CanadianPsycho on April 12, 2018, 05:21:28 AM
I think maybe you meant pervade all forums? I only really post on this one so...I dunno what to tell ya. I don't peddle anything, I just talk about what interests me most.

Anyway, professional analysts will all have their opinions. In this case some academics believe that they've been able to demonstrate with a metcalf analysis (https://en.wikipedia.org/wiki/Metcalfe%27s_law) that the user base of Bitcoin is shrinking...which seems odd considering that some exchanges are presently talking about freezing account creations yet again as they've seen an upswing in registrations so strong that they can't process them. I'm surprised you didn't post the analysis from Bank of America. It even referenced the dutch tulip bubble. :)

You know what your weakness is right HT? You're a bitter old man who makes thing personal because you're a childish fellow who doesn't like being told no. You're a stand up example of how being a twit to people will always be a disadvantage in the marketplace.



canadian,

i bet, you were in your element, and it was right up your alley.

me too enjoy intelligent enlightening conversations wherever they present themselves, and ignorance and stupidity i hate like the plague.

always interested in learning whatever i can.



I like hearing the perspectives of others when it comes to complex topics that I can always learn more about. I'm still learning about machine learning and predictive AI and talking to some people about that is incredible but I doubt that I'll ever fully understand that field. There's so much technical quality to it and all of that's even before you get to any discussions about coding or planning software architecture. Even the high level stuff is pretty difficult to grasp.

There's a lot to learn about these things but the knowledge is basically freely available for those who seek it out. If you're interested, it's there. Just a matter of chasing it a little.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on April 12, 2018, 09:20:33 AM
You know what your weakness is right HT? You're a bitter old man who makes thing personal because you're a childish fellow who doesn't like being told no. You're a stand up example of how being a twit to people will always be a disadvantage in the marketplace.


What makes you think that you own this thread and can refer to me directly? The fact that you are paranoid and insecure is your problem "boy", pull up your skirt. My post #24, was directly on topic, your pesonal attack and naming of me was OFF TOPIC. Get off this forum and go back into your hole.
In response directly to your insults,  I will let your pseudo name express clearly who and what you are you little twirp. A paranoid grandiose, psychopath who fabricates stories of grandiose, traveling the world and meeting all types of grandiose people like yourself while he lives on this island of wealth. Or that you have a philanthropic streak and help others; the only one you ever helped is yourself by stealing from and denying others.  My info has it that your latest investments have you begging the streets.  ;)


Regards,
HumbleTrader


For illiterates.
Webster dictionary:
evade = 1.2 Avoid giving a direct answer to (a question)
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: pipsbuster on April 12, 2018, 10:00:43 AM
Just because some bankers see some potential in the distributed ledger technology, doesn't mean they will put money in Bitcoin or any of the existing third-party "altcoins".
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: CanadianPsycho on April 12, 2018, 12:33:47 PM
Just because some bankers see some potential in the distributed ledger technology, doesn't mean they will put money in Bitcoin or any of the existing third-party "altcoins".

Many already have, but indeed you're right that it's not a given. Not sure what your point there is though. Different people approach investments in things in different ways.

For illiterates.
Webster dictionary:
evade = 1.2 Avoid giving a direct answer to (a question)


Yeah...you said I evade forums. If you meant to say I evade questions, you should have said questions, not forums.

As for everything else you said about me, whatever bud. You're a sad old guy with nothing but his pension to keep the anger alive. Your life must suck.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on April 12, 2018, 12:48:05 PM
Just because some bankers see some potential in the distributed ledger technology, doesn't mean they will put money in Bitcoin or any of the existing third-party "altcoins".

Many already have, but indeed you're right that it's not a given. Not sure what your point there is though. Different people approach investments in things in different ways.

For illiterates.
Webster dictionary:
evade = 1.2 Avoid giving a direct answer to (a question)


Yeah...you said I evade forums. If you meant to say I evade questions, you should have said questions, not forums.

As for everything else you said about me, whatever bud. You're a sad old guy with nothing but his pension to keep the anger alive. Your life must suck.

I can't help that you have a low level of understanding of the English language and although I have taught all levels of education, I must confess not kindergarten.  Go back and finish high school and perhaps you might be able to communicate properly. As to who is bitter and who struggles financially, you are no competition hands down.  I live quite comfortably amongst loving friends and family not in the viod I suspect you inhabit counting pennies.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: CanadianPsycho on April 12, 2018, 03:36:16 PM
I imagine that lots of people who hold assets that are up 577% in the past 365 days are counting pennies and alone in a world of their own imagining. Makes sense...sure.  ;D ;D
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on April 12, 2018, 03:55:20 PM
I imagine that lots of people who hold assets that are up 577% in the past 365 days are counting pennies and alone in a world of their own imagining. Makes sense...sure.  ;D ;D

You are off topic with your verbal diarrhea; ask your MammaD to give you a spanking or a bowl of soup, you starving little boy.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: CanadianPsycho on April 12, 2018, 03:59:29 PM
Well, the increase in value is one of those factors we should be wondering about relative increased adoption, so I'm more on topic than you.  ;)

Speculative value run ups are one factor that increase exposure to the broader marketplace and expand the general user base. Indeed, people who have held over the long term (like us penniless penny counters fabricating glorious stories about flying on WestJet in Economy Plus hahaha) have been rewarded and the more the user base expands, the more examples exist in the marketplace that make people wonder about it.

And then there are people like you...at least you have a pension. :)
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on April 12, 2018, 04:13:09 PM
Well, the increase in value is one of those factors we should be wondering about relative increased adoption, so I'm more on topic than you.  ;)

Speculative value run ups are one factor that increase exposure to the broader marketplace and expand the general user base. Indeed, people who have held over the long term (like us penniless penny counters fabricating glorious stories about flying on WestJet in Economy Plus hahaha) have been rewarded and the more the user base expands, the more examples exist in the marketplace that make people wonder about it.

And then there are people like you...at least you have a pension. :)

Lol.

When I was diving in the warm waters of the Kaymen Islands more than 30 years ago, shadowed by its towering financial institutions, you were walking the streets of the Edmonton, collecting grains of wheat to make a bowl of oatmeal to fill your empty belly; is it now partially full?

Keep it up, but stay on topic or MammaD, is getting frustrated.

Regards,
HumbleTrader

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: CanadianPsycho on April 12, 2018, 04:20:50 PM
You just...really wanted to make a point of not knowing anything about my life when I was 5 evidently? *chuckle*

My god, you poor old pathetic crank. Hahaha.  ::)
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on April 12, 2018, 04:23:01 PM
You just...really wanted to make a point of not knowing anything about my life when I was 5 evidently? *chuckle*

My god, you poor old pathetic crank. Hahaha.  ::)

Yup, you were five alright and today you are 35, nothing has changed, little psychotic boy.


Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: primi on April 12, 2018, 04:27:39 PM
Have you two totally lost the plot? Humble, I'm sorry but you're acting like a complete ass and I'm surprised Canadian is going along given he's actually a moderator here. Get your act together or get the hell out!
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: CanadianPsycho on April 12, 2018, 04:35:59 PM
Have you two totally lost the plot? Humble, I'm sorry but you're acting like a complete ass and I'm surprised Canadian is going along given he's actually a moderator here. Get your act together or get the hell out!

Sorry Primi, HT and I have an unfortunate history wherein he private messaged me a bunch of insults calling me a faggot and accusing me of being a secret vendor for a product here because I didn't let him bully me and since then it's just been negative nonsense between the two of us.

I do try to keep it from bleeding into the public forums but Ht is generally happy to take jabs at me and then inflame it further when I respond. Terrible I know. I'm not perfect and I do apologize. I know it doesn't add anything of value to the forum. Just two egos doing stupid things. :/
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: primi on April 12, 2018, 04:44:34 PM
I know the history because it was hard to miss. Generally I find you knowledgeable and happy to share what you know with people that want to listen. At no point if my memory serves me well did you try to force any crypto stuff upon people but if somebody asks you're happy to share. Nothing wrong with that at all, I'm happy to read about it and it doesn't even matter if we're in agreement or not as long as the conversation remains at a certain level.

But when you two start with this personal shit....
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: CanadianPsycho on April 12, 2018, 04:48:45 PM
But when you two start with this personal shit....

Yeah...*sigh*...I know I know.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: CanadianPsycho on April 12, 2018, 04:54:24 PM
Back on topic, this popped up on my feed. A local chinese gov't in one of the SEZs is investing $400 Million into blockchain developments with the aim being a total of $1.6 Billion of investment in the near term.

Ask anyone who can write in Solidity or build software relevant to blockchains right now; they have the pick of whatever they want in the jobs market. People with relatively little experience that might have struggled to pick up $60K/yr are now easily weighing multiple options with six figure offers attached. The job market for this stuff is growing way faster than the talent pool can keep up with.

https://cointelegraph.com/news/china-and-blockchain-most-patents-and-more-governmental-funds
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Paul.Trafford on April 13, 2018, 11:26:09 AM
Mass adoption - possible but hard. I personally believe most of the people around the world are too ignorant to learn on advantages of cryptocurrencies.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: pipsbuster on April 13, 2018, 11:42:59 AM
Mass adoption - possible but hard. I personally believe most of the people around the world are too ignorant to learn on advantages of cryptocurrencies.

Yes - they won't use it if they don't have to.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: CanadianPsycho on April 13, 2018, 01:13:15 PM
If cryptocurrencies are economically superior to fiat monies, it's not really an issue of learning much about them beyond just basic uses as applicable to a person's circumstances. Most people have no idea how cash actually functions for the most part; they just use it as it applies to their particular needs. Sa,e for paying bills online...or driving a car. Most people have no understanding of any of the stuff that actually makes any of that stuff work.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Paul.Trafford on April 16, 2018, 04:23:11 PM
If cryptocurrencies are economically superior to fiat monies, it's not really an issue of learning much about them beyond just basic uses as applicable to a person's circumstances. Most people have no idea how cash actually functions for the most part; they just use it as it applies to their particular needs. Sa,e for paying bills online...or driving a car. Most people have no understanding of any of the stuff that actually makes any of that stuff work.
That is what I meant when I said that in order to use massively cryptoes people have to be more knowledgeable regarding these things. The only way to beat the governments all over the world if people unite against them for the ideas that they believe! But mas media is strongly working on spreading "news" that make people feel helpless and in a way brainwashed them that there is nothing they can do and they have to be happy with what they have currently. I hope this change in the future. Cheers!
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on April 16, 2018, 05:59:32 PM
If cryptocurrencies are economically superior to fiat monies, it's not really an issue of learning much about them beyond just basic uses as applicable to a person's circumstances. Most people have no idea how cash actually functions for the most part; they just use it as it applies to their particular needs. Sa,e for paying bills online...or driving a car. Most people have no understanding of any of the stuff that actually makes any of that stuff work.
That is what I meant when I said that in order to use massively cryptoes people have to be more knowledgeable regarding these things. The only way to beat the governments all over the world if people unite against them for the ideas that they believe! But mas media is strongly working on spreading "news" that make people feel helpless and in a way brainwashed them that there is nothing they can do and they have to be happy with what they have currently. I hope this change in the future. Cheers!

Hello.  Paul.

I think it's quite the opposite;   mass marketing by those who mine cryptos for little costs, are spending millions in mass marketing to promote their wear, just like any manufacturer of goods would do. When the cost of producing such, "hot air" , reaches a near cost of marketing, distributing and selling this useless commodity ( if we can call it that), only then, we will know it's true need. The only reason that drugs, alcohol and other  unecessary items enter the marketplace,  is because of the high returns they offer.

Do a short search and see how many sites there are out there focusing on peddling cryptos, under the guise of explaining them; when was the last time you saw a site marketing currencies? Currencies as we know increase or lose they value based on the efficiency of economies behind them, at least cryptos should have some "relative" value on tangible costs; at least one form of "tangeable" measure or security of value behind them.

We have plenty of efficient electronic vehicles, other than cryptos, to expedite monetary exchanges but few which can accommodate those who wish to evade Govermental authority. Without such controls, the underworld will have an open field day to distribute all sorts of contraband and grow stronger at the expense of the civilized world.

When the last BT is mined and there is no gain to be made by producing wealth out of thin air, my prediction is that one way or another, as I have predicted in the other thread ( Bitcoin discussion #412),  BT will collapse.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: pipsbuster on April 16, 2018, 06:42:24 PM
There is really no need to transact anonymously if the payment is for legit goods/services and no tax evasion is intended. Talks of fiat hyperinflation are for now just that - talks. So you don't need Bitcoin unless you have something to hide or your national currency hypeinflates like those of Zimbabwe and Venezuela.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: primi on April 16, 2018, 06:45:40 PM
There is really no need to transact anonymously if the payment is for legit goods/services and no tax evasion is intended.
Wrong.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: pipsbuster on April 16, 2018, 07:13:43 PM
There is really no need to transact anonymously if the payment is for legit goods/services and no tax evasion is intended.
Wrong.
LOL
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: primi on April 16, 2018, 07:25:31 PM
If you don't see the need for something how does it make it not needed?
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on April 16, 2018, 08:00:07 PM
If you don't see the need for something how does it make it not needed?

That is a great philosophical question like,"If a tree falls in a forest and no one is around to hear it, does it make a sound?"
If BT didn't exist,  would world commerce take place as it has for hundreds of years?  -Great philosophical questions,  now pass me the butter, I already bought the bread at the corner store for 2.50$ CAD.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: primi on April 16, 2018, 08:21:02 PM
If you don't see the need for something how does it make it not needed?

That is a great philosophical question like,"If a tree falls in a forest and no one is around to hear it, does it make a sound?"
If BT didn't exist,  would world commerce take place as it has for hundreds of years?  -Great philosophical questions,  now pass me the butter, I already bought the bread at the corner store for 2.50$ USD.

Regards,
HumbleTrader
You got confused I think. I was not using the quoting option because I was replying directly after and did not see the need for that. My comment was about transacting anonymously.

About your remark, not sure what you meant by BT - here it's usually backtest but that just doesn't fit in so it must be something else. Also, did you use cash or credit for that bread? It makes a difference.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on April 16, 2018, 08:34:19 PM
If you don't see the need for something how does it make it not needed?

That is a great philosophical question like,"If a tree falls in a forest and no one is around to hear it, does it make a sound?"
If BT didn't exist,  would world commerce take place as it has for hundreds of years?  -Great philosophical questions,  now pass me the butter, I already bought the bread at the corner store for 2.50$ USD.

Regards,
HumbleTrader
You got confused I think. I was not using the quoting option because I was replying directly after and did not see the need for that. My comment was about transacting anonymously.

About your remark, not sure what you meant by BT - here it's usually backtest but that just doesn't fit in hhso it must be something else. Also, did you use cash or credit for that bread? It makes a difference.

Not sure what you mean in the first part but in your second part about the purchase,  because I purchsed other groceries as well, I paid by debit card and almost instantaneously, I received a confirmation to my cell, that the money had been transferred to the merchant's account.  Almost as fast, the merchant's account was debited to the government's ledger so that he would pay his fair tax.  All this instantaneously,  without thievery from any one party. Now I know that the roads I travel on, the schools my children go to and the care others receive at the medical facilities, are justly supported by my community and those who believe in a healthy society.

Mmmm, the butter is melting, must be all those cryptos producing so much hot air.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: primi on April 16, 2018, 08:52:27 PM
In avoidance of any doubt I'll just say it again combining my 2 separate posts:

If you don't see the need for anonymous transactions how does that make them not needed?

It was a reply to pipsbuster but you can have your say also if you feel like it.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: pipsbuster on April 16, 2018, 08:53:40 PM
If you don't see the need for something how does it make it not needed?

Because only so many use it.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: primi on April 16, 2018, 09:02:59 PM
But then it's just not widely used. How is it not needed? You said LOL in capital letters I thought there's something more to it.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: pipsbuster on April 16, 2018, 09:08:46 PM
But then it's just not widely used. How is it not needed? You said LOL in capital letters I thought there's something more to it.
Largely not needed - unless you have something to hide or you're in Zimbabwe/Venezuela, like I said.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: primi on April 16, 2018, 09:23:40 PM
For your information I have nothing to hide and am not in Zimbabwe/Venezuela. I still choose anonymous transactions. Should I not be allowed one?
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: pipsbuster on April 16, 2018, 09:24:38 PM
For your information I have nothing to hide and am not in Zimbabwe/Venezuela. I still choose anonymous transactions. Should I not be allowed one?
Why shouldn't you? Yet only so many want them.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: primi on April 16, 2018, 09:42:17 PM
Crowd is often the stupidest creature around.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: pipsbuster on April 16, 2018, 09:46:07 PM
Crowd is often the stupidest creature around.
Tell them about it.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on April 16, 2018, 10:28:49 PM
For your information I have nothing to hide and am not in Zimbabwe/Venezuela. I still choose anonymous transactions. Should I not be allowed one?

You can do anonymous transactions without cryptocurrencies,  just put your cash in a white envelope and drop it in the nearest charity box of your choosing.  :D

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Paul.Trafford on April 18, 2018, 04:09:30 PM
Hello.  Paul.

I think it's quite the opposite;   mass marketing by those who mine cryptos for little costs, are spending millions in mass marketing to promote their wear, just like any manufacturer of goods would do. When the cost of producing such, "hot air" , reaches a near cost of marketing, distributing and selling this useless commodity ( if we can call it that), only then, we will know it's true need. The only reason that drugs, alcohol and other  unecessary items enter the marketplace,  is because of the high returns they offer.

Do a short search and see how many sites there are out there focusing on peddling cryptos, under the guise of explaining them; when was the last time you saw a site marketing currencies? Currencies as we know increase or lose they value based on the efficiency of economies behind them, at least cryptos should have some "relative" value on tangible costs; at least one form of "tangeable" measure or security of value behind them.

We have plenty of efficient electronic vehicles, other than cryptos, to expedite monetary exchanges but few which can accommodate those who wish to evade Govermental authority. Without such controls, the underworld will have an open field day to distribute all sorts of contraband and grow stronger at the expense of the civilized world.

When the last BT is mined and there is no gain to be made by producing wealth out of thin air, my prediction is that one way or another, as I have predicted in the other thread ( Bitcoin discussion #412),  BT will collapse.

Regards,
HumbleTrader
Hi Humble,

You didn't understood my point. Let me elaborate. Even if you have mass marketing by those who mine cryptos, you can't make Uncle Ben to learn more about cryptoes, how they function, what are the pros and cons of this invention, simply because uncle Ben is working 40 hours a week and what he cares about - is his family, if his son/sons and daugther/dauthers will be accepted at college, will he have enough money to support them and etc. The news he sees on TV will never say "It is important for you to get more familiar with things that can change the world". Bottom line is almost 75% of the people around the world are not educated enough regarding things that they use on a daily basis and are dependent from (Money is one of them.) I hope you understand my point.

Regarding your second point " Currencies as we know increase or lose they value based on the efficiency of economies behind them " - agree but partially. Even if you have the most strong economy in the world - keep printing money and see what will happen. (Germany did it during the seconds world war - they were printing tons of Reichsmark because they were in control of the occupied countries, thus forcing them to exchange to different currencies. What is the point here, if Germany was not in war, and didn't have so many countries occupied, no one will be exchanging their Reischsmark. Naturally after losing the war the inflation whipped the whole monetary system, because as you guest it already this money has no actual value = monopoly money, and after they were no longer in control of the countries guess how many wanted to exchange currency ... 0. Germany was forced to switch to another fiat - Deutsche Mark.).

Regarding your third point - if you think that government control over currency is stopping or even limiting the underworld ... mate I have a newsflash for you, you have tons more to learn regarding politics, and who are the biggest criminals in the world. (I will give you a hint, they wear suits and ties)
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on April 19, 2018, 08:07:11 PM
Hello.  Paul.

I think it's quite the opposite;   mass marketing by those who mine cryptos for little costs, are spending millions in mass marketing to promote their wear, just like any manufacturer of goods would do. When the cost of producing such, "hot air" , reaches a near cost of marketing, distributing and selling this useless commodity ( if we can call it that), only then, we will know it's true need. The only reason that drugs, alcohol and other  unecessary items enter the marketplace,  is because of the high returns they offer.

Do a short search and see how many sites there are out there focusing on peddling cryptos, under the guise of explaining them; when was the last time you saw a site marketing currencies? Currencies as we know increase or lose they value based on the efficiency of economies behind them, at least cryptos should have some "relative" value on tangible costs; at least one form of "tangeable" measure or security of value behind them.

We have plenty of efficient electronic vehicles, other than cryptos, to expedite monetary exchanges but few which can accommodate those who wish to evade Govermental authority. Without such controls, the underworld will have an open field day to distribute all sorts of contraband and grow stronger at the expense of the civilized world.

When the last BT is mined and there is no gain to be made by producing wealth out of thin air, my prediction is that one way or another, as I have predicted in the other thread ( Bitcoin discussion #412),  BT will collapse.

Regards,
HumbleTrader
Hi Humble,

You didn't understood my point. Let me elaborate. Even if you have mass marketing by those who mine cryptos, you can't make Uncle Ben to learn more about cryptoes, how they function, what are the pros and cons of this invention, simply because uncle Ben is working 40 hours a week and what he cares about - is his family, if his son/sons and daugther/dauthers will be accepted at college, will he have enough money to support them and etc. The news he sees on TV will never say "It is important for you to get more familiar with things that can change the world". Bottom line is almost 75% of the people around the world are not educated enough regarding things that they use on a daily basis and are dependent from (Money is one of them.) I hope you understand my point.

Regarding your second point " Currencies as we know increase or lose they value based on the efficiency of economies behind them " - agree but partially. Even if you have the most strong economy in the world - keep printing money and see what will happen. (Germany did it during the seconds world war - they were printing tons of Reichsmark because they were in control of the occupied countries, thus forcing them to exchange to different currencies. What is the point here, if Germany was not in war, and didn't have so many countries occupied, no one will be exchanging their Reischsmark. Naturally after losing the war the inflation whipped the whole monetary system, because as you guest it already this money has no actual value = monopoly money, and after they were no longer in control of the countries guess how many wanted to exchange currency ... 0. Germany was forced to switch to another fiat - Deutsche Mark.).

Regarding your third point - if you think that government control over currency is stopping or even limiting the underworld ... mate I have a newsflash for you, you have tons more to learn regarding politics, and who are the biggest criminals in the world. (I will give you a hint, they wear suits and ties)

There are many of your points that I agree and you post some sound arguments but as for your last point, I totally disagree.  My view is that we as a human race are progressing towards a more humane world and darkness is just a matter of perception.  I will never yield to it and as a lifelong teacher, I will always strive to educate those young to replace us that prosperity and a  good life, can be had through honesty, responsibility and good citizenry.

Thanks for your imput,  "The universe is unfolding as it should.", stay positive.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Paul.Trafford on April 23, 2018, 01:58:54 PM
There are many of your points that I agree and you post some sound arguments but as for your last point, I totally disagree.  My view is that we as a human race are progressing towards a more humane world and darkness is just a matter of perception.  I will never yield to it and as a lifelong teacher, I will always strive to educate those young to replace us that prosperity and a  good life, can be had through honesty, responsibility and good citizenry.

Thanks for your imput,  "The universe is unfolding as it should.", stay positive.

Regards,
HumbleTrader
I do agree with you, and like you I hope that we are moving to more humane world. Cheers
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Benjamin7 on April 25, 2018, 01:17:04 PM
It is a very difficult question to answer. With so many people in the forex market, volatility of cryptocurrency has risen. People like less volatility and more stability. Many other cryptocurrencies like Onecoin are trying to break the barrier that is present in the people' mind.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: pipsbuster on April 25, 2018, 02:40:16 PM
It is a very difficult question to answer. With so many people in the forex market, volatility of cryptocurrency has risen. People like less volatility and more stability. Many other cryptocurrencies like Onecoin are trying to break the barrier that is present in the people' mind.

Isn't OneCoin an outright Ponzi scam?
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: CanadianPsycho on April 30, 2018, 10:35:36 PM
It is a very difficult question to answer. With so many people in the forex market, volatility of cryptocurrency has risen. People like less volatility and more stability. Many other cryptocurrencies like Onecoin are trying to break the barrier that is present in the people' mind.

Isn't OneCoin an outright Ponzi scam?

Yes
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on May 01, 2018, 10:57:21 PM
The following link, explains much about the security of the blockchain system. As I have maintained in my previous posts, blockchain will/does have a technical utility in financial as well as other transactions which require security of exchange but like all previous and developing technologies, a technology is only as good as its advance in a certain timeframe until another more advanced technology replaces it. I think blockchain's lifespan is less than 10 years and a more advanced system is nipping at its heels, that being Quantum computers which as I have compared them are akin to a tricycle next to a Lamborghini.

Enjoy the read; it's simple enough for those interested in the subject with minimal technical know-how to understand.

How secure is blockchain really? (MIT Technology Review )

https://www.technologyreview.com/s/610836/how-secure-is-blockchain-really/


Regards,

Humble Trader

 
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Paul.Trafford on May 03, 2018, 10:30:09 AM
The following link, explains much about the security of the blockchain system. As I have maintained in my previous posts, blockchain will/does have a technical utility in financial as well as other transactions which require security of exchange but like all previous and developing technologies, a technology is only as good as its advance in a certain timeframe until another more advanced technology replaces it. I think blockchain's lifespan is less than 10 years and a more advanced system is nipping at its heels, that being Quantum computers which as I have compared them are akin to a tricycle next to a Lamborghini.

Enjoy the read; it's simple enough for those interested in the subject with minimal technical know-how to understand.

How secure is blockchain really? (MIT Technology Review )

https://www.technologyreview.com/s/610836/how-secure-is-blockchain-really/


Regards,

Humble Trader
I have read the whole article in details. Some of the Creative ways to cheat are pure fantasy ... I mean - " Hackers can, for instance, break into ..." It is like saying "Oh yeah the Federal reserve and the Central European bank are absolutely not safe, hackers can, for instance, break into them easily"
It is one thing to be sharing real facts, it is absolutely other to be sharing speculative theories where something might or might not happen. Cheers
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on May 03, 2018, 04:24:25 PM
The following link, explains much about the security of the blockchain system. As I have maintained in my previous posts, blockchain will/does have a technical utility in financial as well as other transactions which require security of exchange but like all previous and developing technologies, a technology is only as good as its advance in a certain timeframe until another more advanced technology replaces it. I think blockchain's lifespan is less than 10 years and a more advanced system is nipping at its heels, that being Quantum computers which as I have compared them are akin to a tricycle next to a Lamborghini.

Enjoy the read; it's simple enough for those interested in the subject with minimal technical know-how to understand.

How secure is blockchain really? (MIT Technology Review )

https://www.technologyreview.com/s/610836/how-secure-is-blockchain-really/


Regards,

Humble Trader
I have read the whole article in details. Some of the Creative ways to cheat are pure fantasy ... I mean - " Hackers can, for instance, break into ..." It is like saying "Oh yeah the Federal reserve and the Central European bank are absolutely not safe, hackers can, for instance, break into them easily"
It is one thing to be sharing real facts, it is absolutely other to be sharing speculative theories where something might or might not happen. Cheers


Facts: I don't think you read the article as carefully as you might but here is just one fact and I can produce others:

Bitcoin: $64m in cryptocurrency stolen in 'sophisticated' hack, exchange says

https://www.theguardian.com/technology/2017/dec/07/bitcoin-64m-cryptocurrency-stolen-hack-attack-marketplace-nicehash-passwords



Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on May 24, 2018, 09:36:21 AM
Crypto is about to be exposed, take a picture of the "naked truth".


U.S. Launches Criminal Probe into Bitcoin Price Manipulation

https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe


Take note: Current price as of 8:43:11 AM, Thursday, May 24, 2018, Coordinated Universal Time (UTC) +0000 UT

  $7,393.74 -1.45% 


https://www.cryptocompare.com/coins/btc/overview/USD

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Trunk on May 27, 2018, 10:34:44 AM
I believe in Ethereum and bitcoin because they survived massive negative coverage from media as well as regulatory bans in China or Iran. It shows that this ecosystem can be independent of the traditional financial system. I hold long term position on BTC and ETH using CFD contracts of Hotforex because bitcoin exchanges are very unstable and don't have proper regulation
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on May 28, 2018, 06:37:46 PM
I believe in Ethereum and bitcoin because they survived massive negative coverage from media as well as regulatory bans in China or Iran. It shows that this ecosystem can be independent of the traditional financial system. I hold long term position on BTC and ETH using CFD contracts of Hotforex because bitcoin exchanges are very unstable and don't have proper regulation

It's reasonable to have faith and showing that you are willing to take a risk in what you claim, but unless you state your entry price, we cannot gauge your success.  Would you mind sharing your entry price in each crypto and the date of acquisition so we can all share in your success over the long term.

Currently BTC stands at: 7,215.38$ USD.
Ethereum: 529.88 $ USD

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on June 06, 2018, 04:18:55 AM
Bitcoin the “Last Thing I’d Want to Own” if Grid Goes Down: Short Seller

https://www.ccn.com/bitcoin-the-last-thing-id-want-to-own-if-grid-goes-down-short-seller/
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on June 11, 2018, 07:40:57 PM


Wells Fargo Bans Cryptocurrency Purchases on Its Credit Cards


https://www.bloomberg.com/news/articles/2018-06-11/wells-fargo-bans-cryptocurrency-purchases-on-its-credit-cards


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on June 12, 2018, 02:35:44 PM
 
South Korean Coinrail was hacked over the weekend and reportedly lost about 30% of the coins traded on the exchange (https://www.forexbrokerz.com/news/South-Korean-crypto-exchange-Coinrail-hacked,-temporarily-shuts-down), which caused a sharp drop in the prices of Bitcoin and other digital currencies. The exchange temporarily suspends operations to fully cooperate with investigators in tracking down the missing funds.
 
Coinrail confirmed the “cyber intrusion” in a statement, but did not quantify the value of stolen coins. Nonetheless, the loss is estimated at about 40 billion won (£27.8m).

Nothing will get adopted before exchanges get better security, among other things.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Trunk on June 14, 2018, 03:45:27 PM
Bitcoin has already recovered losses. Just another convenient trigger for teeter-totter
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on June 16, 2018, 01:40:01 AM
Bitcoin has already recovered losses. Just another convenient trigger for teeter-totter


Bitcoin Bloodbath

Bitcoin prices have plunged by two-thirds over the past six months or so, and there’s no sign of a bottom yet. Lionel Laurent points out that the cryptocurrency’s whole investment thesis has so far been based not on the growing adoption or utility of bitcoin, but on finding a greater fool to buy your bitcoin. For some reason, those fools have gone missing.

Bitcoin Slump Continues

Bitcoin extended its losses, bringing its four-session slide to as much as 20 percent as questions mount about whether the world’s biggest cryptocurrency was manipulated during last year’s record price surge. After rallying more than 1,400 percent in 2017 amid an investor frenzy for digital assets, Bitcoin is down almost 70 percent from its record high of $19,511 in December. It fell as low as $6,134 Wednesday. The virtual currency has struggled to reverse a selloff amid negative news such as a study of possible price tampering with Tether. Bloomberg News reported in May that the U.S. Justice Department had opened a criminal probe into trading practices that can manipulate the price of Bitcoin and other cryptocurrencies.

https://www.bloomberg.com/news/articles/2018-06-13/five-things-you-need-to-know-to-start-your-day-jidp9nkd

CURRENT PRICE: 6,407.00 United States Dollar

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on June 19, 2018, 12:04:35 AM
Bitcoin Could Break the Internet, Central Bank Overseer Says

https://www.bloomberg.com/news/articles/2018-06-17/bitcoin-could-break-the-internet-central-banks-overseer-says

In summary:


    Swiss-based BIS says cryptocurrencies have design flaws
    Blockchain can’t handle or replace current payment system load

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on June 19, 2018, 02:43:24 PM
 
Tether, a cryptocurrency token that is supposedly backed by the US dollar, has been spent on Bitcoins at key instances to support its price, (https://www.forexbrokerz.com/news/tether-might-have-been-used-to-manipulate-bitcoin-price-in-late-2017) reveals a paper published by a University of Texas professor.
 
The pattern has helped drive Bitcoin prices to a record high in December, says  John Griffin, professor in finance, who in 2017 has also shed light on a potential  manipulation of the VIX  benchmark index.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Benjamin7 on June 22, 2018, 10:39:12 AM
It is a really interesting question. People are divided over this. But i think cryptocurrency and especially Bitcoin will be adopted by the public. There are a few complications that must be addressed first. However, i am really hopeful.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on June 22, 2018, 11:30:33 AM
It is a really interesting question. People are divided over this. But i think cryptocurrency and especially Bitcoin will be adopted by the public. There are a few complications that must be addressed first. However, i am really hopeful.


I don't think "most people", are divided on this: There are those who are promoters, scammers and those in the underworld,  who have used this type of crypto to evade ligitemate authority which constitute less than .5% of the population and 99.5% who will have nothing to do with this theft.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on June 27, 2018, 03:22:35 PM
 
The Canadian government has released an official draft of new regulations on crypto exchanges aimed at strengthening Canada’s anti-money laundering regime.  (https://www.forexbrokerz.com/news/crypto-exchanges-canada-report-transaction-10000-cad)

Under the proposed rules crypto exchanges and payment processors will be treated as money service businesses (MSB), which requires them to report large transactions — over 10,000 Canadian dollars (7700 USD). There is also a new Know Your Customer (KYC) threshold set for transactions over 1000 Canadian dollars.
Title: Will cryptocurrencies like Bitcoin ever gain mass adoption? -WHERE IS THE DOOR?
Post by: Humble Trader's Fx on June 30, 2018, 06:56:23 PM
Bitcoin Bloodbath Nears Dot-Com Levels as Many Tokens Go to Zero


Bitcoin declined as much as 4.2 percent to $5,791 on Friday, the lowest level since November, according to Bloomberg composite prices. It traded at $5,878 as of 10:33 a.m. in New York, down 59 percent for the year and heading for a second-quarter loss of 14 percent. Other coins including Ether and Litecoin slumped more, while the combined value of tokens tracked by CoinMarketCap.com declined to $236 billion. At the peak of crypto-mania, they were worth about $830 billion.

https://www.bloomberg.com/news/articles/2018-06-30/bitcoin-bloodbath-nears-dot-com-levels-as-many-tokens-go-to-zero


Bitcoin may not go to zero, but it’s “very much” a bubble, Robert Shiller, the Nobel laureate economist whose warnings about dot-com mania proved prescient, said in an interview with Bloomberg Television’s Tom Keene on Tuesday. Last year’s Bitcoin surge was “not a rational response,” he said.


Regards,
HubleTrader

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on July 04, 2018, 02:50:35 PM
As governments around the globe are mulling how to regulate the crypto currency market, bold new legislation in Thailand and the Philippines gives an insight for a potential solution.
 
In short, the Thai government is legalizing cryptocurrency and the Philippines intend to legalize them and force very expensive licenses on the crypto exchanges.  (https://www.forexbrokerz.com/news/new-regulations-in-the-crypto-sector-form-thailand-to-the-philippines)

Along with Japan, South Korea and Taiwan, Thailand is trying to become one of the leading hubs for the crypto industry.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Loperte on July 05, 2018, 10:20:31 AM
According to the historic data and technical analysis, cryptocurrencies will gain momentum in the last quarter of the year 2018. The experts has expressed cryptos as the best invention of 21st century and I will go with the experts as it is impossible to predict the market till now. Hope for the best!
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on July 05, 2018, 04:27:18 PM
According to the historic data and technical analysis, cryptocurrencies will gain momentum in the last quarter of the year 2018. The experts has expressed cryptos as the best invention of 21st century and I will go with the experts as it is impossible to predict the market till now. Hope for the best!

1- According to the historic data and technical analysis
2- The experts has expressed cryptos as the best invention of 21st century

What, "historic Data" and what "experts"?

A- Are you a Bitcoin or other crypto promoter?

B- Do you own any cryptocurrencies and if you do, please post your entry price so we can all cheer in your success when as you predict, "I will go with the experts".

Looking forward to your success.  ;)

We are sometimes suspicious when new members appear out of nowhere to make substantive claims (Six posts in one day.) they cannot back up with verified facts.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on July 18, 2018, 02:56:16 PM
Japan seems to be trying hard to make it happen.

Japanese financial conglomerate SBI Holdings has officially launched a crypto currency exchange under the trade name ‘VCTRADE’, becoming the first banking institution in the world to enter the crypto market. (https://www.forexbrokerz.com/news/first-bank-backed-crypto-exchange-opens-doors-in-japan)

I can't decide whether this is a good or a bad thing.

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Trunk on July 19, 2018, 07:09:30 PM
I think bulls woke up on Bitcoin and gradually start to push the price higher. Waiting for more hype on the news background, because whales are joining again.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on July 23, 2018, 10:29:22 PM
I think bulls woke up on Bitcoin and gradually start to push the price higher. Waiting for more hype on the news background, because whales are joining again.

Yup, BTC, has surged, currently at 7,732.80; perhaps the "good news" might be a nightmare:

EU Issues Worrying Warning Over Future Of Bitcoin

https://www.forbes.com/sites/billybambrough/2018/07/22/eu-issues-worrying-warning-over-future-of-bitcoin/#63ef9a1a7a2f

https://www.forbes.com/richest-in-cryptocurrency/#69ba66c61d49


Regards,
HumbleTrader


Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on August 05, 2018, 12:22:01 AM
Bitcoin Whale's Bad Trade Leaves Counterparties Holding the Bag


https://www.bloomberg.com/news/articles/2018-08-03/a-massive-losing-bet-on-bitcoin-futures-has-investors-buzzing

CURRENT BTC PRICE  USD: $7,383.44 at 4:56 p.m. Hong Kong time on Friday

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on August 14, 2018, 10:21:06 PM
Bitcoin, Ether Sink as ‘Sense of Panic’ Grips Crypto Investors

https://www.bloomberg.com/news/articles/2018-08-14/bitcoin-sinks-below-6-000-as-almost-everything-crypto-tumbles

Current BTC price: 6,093.64$ United States Dollar

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on August 22, 2018, 01:16:54 AM
'Financially ruined': Cryptocurrency investors learn hard lessons after Bitcoin boom busts.

https://business.financialpost.com/technology/blockchain/financially-ruined-cryptocurrency-investors-learn-hard-lessons-after-bitcoin-boom-busts


https://www.newsbtc.com/2018/08/21/bitcoin-jesus-roger-ver-still-struggling-to-bring-bitcoin-cash-forward/



Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on August 23, 2018, 03:32:10 PM
Some good news - it turns out authorities can occasionally capture cryptocurrency thieves.

Government authorities in China have been cracking down hard on crypto-theft for the last few years, and now yet another instance of such cyber crimes has come to light. Three individuals have been apprehended by a special police task-force in a nationwide sting operation.

It all began with a complaint filed on March 30 by an individual identified only by his surname Zhang. He claimed to local police in the city of Xi’an that he had fallen victim to a cyber-attack, with hackers clearing his computer of cryptoholdings worth up to 100 million yuan ($14.5 million). (https://theforexreview.com/2018/08/20/87-million-cryptocurrency-theft-busted-in-china-three-hackers-arrested/)
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on August 29, 2018, 11:09:33 PM

Cryptocurrency promoters say they're helping humanity—but they're just helping themselves.


https://www-theglobeandmail-com.cdn.ampproject.org/v/s/www.theglobeandmail.com/amp/business/commentary/article-cryptocurrency-promoters-say-theyre-helping-humanitybut-theyre-just/?amp_js_v=a2&amp_gsa=1#amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.theglobeandmail.com%2Fbusiness%2Fcommentary%2Farticle-cryptocurrency-promoters-say-theyre-helping-humanitybut-theyre-just%2F


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on September 04, 2018, 03:21:09 PM
The EU finance ministers will discuss possible new regulations on the cryptop market on their 7th of September Vienna meeting, Bloomberg reports, citing draft documents, prepared for the summit.

The main concern in focus remains the general lack of transparency on the market, as well as the use of crypto currencies in criminal activities like money laundering, terrorism financing and tax evasion.

The summit will take place amid a global effort to regulate the relatively young crypto industry. (https://theforexreview.com/2018/08/30/eu-eyes-new-regulations-on-the-crypto-market/)
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on September 18, 2018, 11:01:20 PM
The EU finance ministers will discuss possible new regulations on the cryptop market on their 7th of September Vienna meeting, Bloomberg reports, citing draft documents, prepared for the summit.

The main concern in focus remains the general lack of transparency on the market, as well as the use of crypto currencies in criminal activities like money laundering, terrorism financing and tax evasion.

The summit will take place amid a global effort to regulate the relatively young crypto industry. (https://theforexreview.com/2018/08/30/eu-eyes-new-regulations-on-the-crypto-market/)


Three cryptocurrency exchanges may be operating illegally in New York, according to the state's legal chief.

https://www.bloomberg.com/news/articles/2018-09-18/new-york-says-three-crypto-exchanges-may-be-breaking-the-law


Current price: 6,320.03 United States Dollars.


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Loperte on September 19, 2018, 12:01:01 PM
Cryptocurrencies have shown a strange behavior so far and I am quite disappointed about the way bitcoin fell after gaining such a huge value. I think cryptos will get more appreciation in the future and we have to wait until then. Thank you so much for paying attention!
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on September 19, 2018, 04:23:09 PM
Cryptocurrencies have shown a strange behavior so far and I am quite disappointed about the way bitcoin fell after gaining such a huge value. I think cryptos will get more appreciation in the future and we have to wait until then. Thank you so much for paying attention!

Based on your earlier prediction (see below), I think we can wait a little longer; the end of this year and the beginning of 2019, is not too far away. Let's wait and see if your wise prediction holds water or should I say BTC's. Keep hoping but don't take a change and invest in "hot air". ;)

According to the historic data and technical analysis, cryptocurrencies will gain momentum in the last quarter of the year 2018. The experts has expressed cryptos as the best invention of 21st century and I will go with the experts as it is impossible to predict the market till now. Hope for the best!

While you are waiting for the BIG reveal, you might want to watch this:

https://m.facebook.com/story.php?story_fbid=1923614684383443&id=178144812876707

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on September 25, 2018, 10:55:00 PM
Technology

Tokyo Whale Sells $230 Million of Bitcoin in Mt. Gox Wind-Down


https://www.bloomberg.com/news/articles/2018-09-25/tokyo-whale-sells-230-million-bitcoin-in-mt-gox-wind-down

BTC PRICE: 6,379.90 United States Dollar

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on September 27, 2018, 11:26:30 AM
markets

Crypto's Open Secret: Its Multibillion-Dollar Volume Is Suspect



https://www.bloomberg.com/news/articles/2018-09-27/crypto-s-open-secret-its-multibillion-dollar-volume-is-suspect


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on September 27, 2018, 02:36:09 PM
Japanese crypto exchange Zaif was hacked and lost over $59 million worth of cryptocurrencies. (https://www.forexbrokerz.com/news/Japanese-exchange-Zaif%20hacked,-reportedly-lost-over-$59-million)

According to the report, the hackers stole 5,966 Bitcoins, some Bitcoin Cash, and MonaCoin. Cryptocurrencies worth 4.5 billion yen have been stolen from the users’ hot wallets, and 2.2 billion yen from the company funds. Thus, total losses amount to 6.7 billion yen or around $59.7 million.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on October 03, 2018, 02:45:02 PM
Hacks or no hacks Japan is about to become the first major market to use blockchain for money transfers (https://theforexreview.com/2018/10/02/japanese-banks-will-use-blockchain-for-money-transfers/) after later this month three Japanese banks will start offering free money transfers via a mobile app which was approved by the Japanese ministry of finance last week. It is expected to help reduce the use of cash in the Japanese economy, which currently accommodates about 80% of all transactions.

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on October 03, 2018, 03:11:28 PM
Hacks or no hacks Japan is about to become the first major market to use blockchain for money transfers (https://theforexreview.com/2018/10/02/japanese-banks-will-use-blockchain-for-money-transfers/) after later this month three Japanese banks will start offering free money transfers via a mobile app which was approved by the Japanese ministry of finance last week. It is expected to help reduce the use of cash in the Japanese economy, which currently accommodates about 80% of all transactions.

Hello, Eliza.

There is a difference in using "blockchain", which is a computer technology and one which I have maintained that its use will come to pass eventually and using "cryptocurrencies", which use seeks to replace conventional currencies backed by participating states as a form of exchange. Cryptocurrencies are a form of " crypto; Greek, hidden", forms of exchange which only go to serve a group of players,  wanting to evade,  legitimately recognized institutions and not be accountable to them, in large part, a form of corruption.


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on October 04, 2018, 03:18:37 PM
I know there's a difference. I am glad the technology is being used in a pragmatic way regarding the money transfers. My hope is that it will lead to more regulations for the actual crypto exchanges.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on October 04, 2018, 03:27:00 PM
I know there's a difference. I am glad the technology is being used in a pragmatic way regarding the money transfers. My hope is that it will lead to more regulations for the actual crypto exchanges.

World financial institution regulators are immersed in working out all the do's and don'ts regarding this fascinating new technology and how it could serve the masses rather than the a"ss.  :D


Regards,
HumbleTrader


Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on October 09, 2018, 02:46:41 PM
The Emirates Securities and Commodities Authority (ESCA) plans to recognize initial coin offerings (ICOs) as a new way for companies to rise capital. (https://theforexreview.com/2018/10/08/uae-plans-to-recognize-icos-as-securities/)  The move is expected to be adopted in the first half of next year.

“The board of the Emirates Securities & Commodities Authority has approved considering ICOs as securities. As per our plan we should have regulations on the ground in the first half of 2019,” the head of the securities regulator Obaid Saif al-Zaabi said earlier on Monday.

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on October 11, 2018, 01:26:56 PM
TIME TO BUY?


Nearly $13 billion wiped off of cryptocurrency market as major coins plunge!


https://www-cnbc-com.cdn.ampproject.org/v/s/www.cnbc.com/amp/2018/10/11/bitcoin-price-nearly13-billion-wiped-off-cryptocurrency-market.html?amp_js_v=a2&amp_gsa=1#referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.cnbc.com%2F2018%2F10%2F11%2Fbitcoin-price-nearly13-billion-wiped-off-cryptocurrency-market.html


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: jwatts7701 on October 11, 2018, 04:25:54 PM
crazy that the IMF (an exploiting, corrupt organization) could cause that big of a move. I am sure they have some fears if crypto receives wide spread adoption (which it will in time).
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on October 11, 2018, 05:43:45 PM
crazy that the IMF (an exploiting, corrupt organization) could cause that big of a move. I am sure they have some fears if crypto receives wide spread adoption (which it will in time).

Yup, " a corrupt " organization according to who, other than your point of view or some conspiracy theory by Trump and gang: Maybe you are right after all because, pssss.... don't tell anyone but the USA practically controls it (IMF), but again, who knows, certainly Trump doesn't which might be a good thing.  ;)


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: jwatts7701 on October 11, 2018, 06:32:43 PM
Yah you are right, the International Monetary Fund is a far cry from "international". The World Bank is far from a "world" bank as well. It is controlled by the USA since they have full veto power due to being the largest contributors.

But this has been the same cycle since the creation of these institutions. This has nothing to do with Trump, but it is pretty well known these days.

They go in to a country with appealing resources offering huge loans. These loans in turn typically go to US based corporations inside the country who want the country's resources (not the people or local corps). The country cannot pay back the debt, so creative ways to refinance it happen instead with "imposed conditionalities". Then what unfolds is currency devaluation, corporatocracy, and privatization of resources and social services. This is why impoverished countries remain impoverished, and why poverty increases and the income gap widens hugely.

This is know around the world. But unfortunately it is business as usual.

Widespread crypto-adoption (I can only assume) would certainly throw a wrench in these "international" financial institutions' daily grind.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on October 11, 2018, 07:17:02 PM
Yah you are right, the International Monetary Fund is a far cry from "international". The World Bank is far from a "world" bank as well. It is controlled by the USA since they have full veto power due to being the largest contributors.

But this has been the same cycle since the creation of these institutions. This has nothing to do with Trump, but it is pretty well known these days.

They go in to a country with appealing resources offering huge loans. These loans in turn typically go to US based corporations inside the country who want the country's resources (not the people or local corps). The country cannot pay back the debt, so creative ways to refinance it happen instead with "imposed conditionalities". Then what unfolds is currency devaluation, corporatocracy, and privatization of resources and social services. This is why impoverished countries remain impoverished, and why poverty increases and the income gap widens hugely.

This is know around the world. But unfortunately it is business as usual.

Widespread crypto-adoption (I can only assume) would certainly throw a wrench in these "international" financial institutions' daily grind.

I don't want to get off topic but to make only one point: IMF, does "not", go to any country as you put it but each country goes to the IMF asking for a rescue because, for one reason or another, they have screwed up their economy.  Trump and gang, however, "go", to many countries where they stir up trouble, get opposite parties to war with each other, so they can sell them murderous weapons. At least in these cases, we can trace this form of " enterprise ", because currencies are traceable,  cryptos however, are not! Bottom line with me is that I would prefer to know an illegal act taking place and work towards a resolution, rather than witness human suffering and not know who are the perpetrators.   :)


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: jwatts7701 on October 14, 2018, 11:35:55 PM
Thats true Humble. I guess whowever you want to blame it on is fine. I don't want you to think I am a trump fan LOL, at all. Cause I certainly am NOT!

But just showing you what a true wolf in sheep's clothing the IMF and WB are when people actually think and believe they are doing good in the world. It sounds like a compelling story they have of course, which is easy why some people think they are necessary.

But the facts remain and that is that the IMF and WB have been providing loans and grants and advice to the poorest countries in the world for over 50 years now. Yet, none of what they do has led to economic prosperity to anyone other than corrupt and ruling elites in the developing world. It has had the opposite effect than it's storyline tells.

The global south (Latin America and Africa) and to a lesser degree Russia are prime examples of this failure.

I know that there are a lot of libertarians who are keen on cryptos for this very reason. While crypto won't be the final answer, it may start to "shake up" the broken systems in place.

Not to sound to bleak about it, but currently we essentially have a small handful of massive business powers who dominate everything including the natural resources we all need to live, while at the same time controlling the MONEY we need, to obtain these. So we have a monopoly based on corporate/financial power. This is worsening as long-term geopolitical interests start misaligning.

I don't want to get off topic either. But I think that wide spread crypto adoption COULD, POTENTIALLY, have a greater impact than the IMF and WB could in these areas. It remains to be seen how big, if any, of an impact this could make.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: jwatts7701 on October 14, 2018, 11:37:19 PM
Humble I wouldn't worry about illegal usage / money laundering of crypto either. It won't be any better or worse than what we see now on fiat. Remember laundering fiat is EASY (if you know what you are doing) - and I do not know from experience for the record. Laundering crypto is hard. Even on anonymous coins. Especially when they go to "cash out".

Someone before me said it best in that when political leaders say that cryptocurrency must be regulated due to "money laundering concerns", what they really mean is “we are completely powerless at preventing fiat currency laundering so we’re going to focus our efforts on cryptocurrency instead” ;)
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on October 15, 2018, 12:39:00 AM
Thats true Humble. I guess whowever you want to blame it on is fine. I don't want you to think I am a trump fan LOL, at all. Cause I certainly am NOT!

But just showing you what a true wolf in sheep's clothing the IMF and WB are when people actually think and believe they are doing good in the world. It sounds like a compelling story they have of course, which is easy why some people think they are necessary.

But the facts remain and that is that the IMF and WB have been providing loans and grants and advice to the poorest countries in the world for over 50 years now. Yet, none of what they do has led to economic prosperity to anyone other than corrupt and ruling elites in the developing world. It has had the opposite effect than it's storyline tells.

The global south (Latin America and Africa) and to a lesser degree Russia are prime examples of this failure.

I know that there are a lot of libertarians who are keen on cryptos for this very reason. While crypto won't be the final answer, it may start to "shake up" the broken systems in place.

Not to sound to bleak about it, but currently we essentially have a small handful of massive business powers who dominate everything including the natural resources we all need to live, while at the same time controlling the MONEY we need, to obtain these. So we have a monopoly based on corporate/financial power. This is worsening as long-term geopolitical interests start misaligning.

I don't want to get off topic either. But I think that wide spread crypto adoption COULD, POTENTIALLY, have a greater impact than the IMF and WB could in these areas. It remains to be seen how big, if any, of an impact this could make.

Just to let you know, jwatts7701, I agree almost entirely with your assertions but I feel that in some way, things have changed over the years where those who dominate have come to realize that uncontrolled power leads to a massive change of events whereby their hold on  power is very fluid to other upcoming forces, as such, they are looking forward to a more humane and powersharing enterprise; one such example is,  The Giving Pledge:

https://givingpledge.org/

Those who "have made it", have decided to share their wealth; this to me is a major shift for humanity. As to the IMF and other such institutions, I can only state that everyone is grateful to have bankers come to their rescue, bankers should be extremely careful to whom they lend money and the possibility of repayment without resorting to Mafia-like tactics, to collect "after the fact"; to collect their pound of flesh.


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on October 16, 2018, 04:24:25 PM
Credit card provider MasterCard applies restrictive rules to unregulated forex and binary options brokers, crypto providers and ICOs. (https://www.forexbrokerz.com/news/MasterCard-applies-restrictive-rules-to-unlicensed-brokers-and-crypto-providers) As of today, a new set of revised standards enters into force for those classified as “high-risk securities merchants” and they will have to play by the rules and execute transactions only in jurisdictions where they are legally allowed to operate.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: fxliner on October 20, 2018, 04:47:34 PM
 It is quite likely that five or 10 years half the world will know what Bitcoin is and we won’t even notice how we got there.

Yah you are right, the International Monetary Fund is a far cry from "international". The World Bank is far from a "world" bank as well. It is controlled by the USA since they have full veto power due to being the largest contributors.

But this has been the same cycle since the creation of these institutions. This has nothing to do with Trump, but it is pretty well known these days.

They go in to a country with appealing resources offering huge loans. These loans in turn typically go to US based corporations inside the country who want the country's resources (not the people or local corps). The country cannot pay back the debt, so creative ways to refinance it happen instead with "imposed conditionalities". Then what unfolds is currency devaluation, corporatocracy, and privatization of resources and social services. This is why impoverished countries remain impoverished, and why poverty increases and the income gap widens hugely.

This is know around the world. But unfortunately it is business as usual.

Widespread crypto-adoption (I can only assume) would certainly throw a wrench in these "international" financial institutions' daily grind.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on October 20, 2018, 05:44:51 PM
It is quite likely that five or 10 years half the world will know what Bitcoin is and we won’t even notice how we got there.

Yah you are right, the International Monetary Fund is a far cry from "international". The World Bank is far from a "world" bank as well. It is controlled by the USA since they have full veto power due to being the largest contributors.

But this has been the same cycle since the creation of these institutions. This has nothing to do with Trump, but it is pretty well known these days.

They go in to a country with appealing resources offering huge loans. These loans in turn typically go to US based corporations inside the country who want the country's resources (not the people or local corps). The country cannot pay back the debt, so creative ways to refinance it happen instead with "imposed conditionalities". Then what unfolds is currency devaluation, corporatocracy, and privatization of resources and social services. This is why impoverished countries remain impoverished, and why poverty increases and the income gap widens hugely.

This is know around the world. But unfortunately it is business as usual.

Widespread crypto-adoption (I can only assume) would certainly throw a wrench in these "international" financial institutions' daily grind.

That is a fair hypothesis,  but you need to provide some evidence other than your crystal ball. But I guess if Trump can dismiss climate change despite the overwhelming scientific evidence, you can dismiss the facts about cyptos.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Benjamin7 on October 22, 2018, 06:53:48 PM
I hope that such a time happens but it will happen in the distinct future. There are a lot of complications and issues that must be addressed before thinking of mass adaption. You need to create a consensus in major of the economic countries which will take a lot of time.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on October 25, 2018, 03:51:39 PM
A US federal court ordered a New York company to pay $2.5 million in fines and restitution for running a Ponzi scheme that scammed at least 80 people, who thought they were investing in bitcoin. (https://theforexreview.com/2018/10/24/bitcoin-scammer-ordered-to-pay-over-25-million-usd/)

The Commodity Futures Trading Commission (CFTC) took action in this first ever anti-fraud bitcoin related case in September 2017. The court ruled that Gelfman Blueprint Inc. and its CEO Nicholas Gelfman solicited more that 600 000 USD from retail investors between 2014 and 2016 by claiming their funds were part of an algorithmic trading strategy.

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: norman on November 27, 2018, 11:48:44 AM
While bitcoin is the king of cryptocurrencies, most people still aren't using it day to day, and thousands of other coins remain largely undiscovered, which means crypto still hasn't achieved mass adoption. This makes it difficult to prove as a mass adpotion in the future.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: FxTS on November 28, 2018, 05:36:24 AM
To my mind, cryptocurrencies could gain mass adoption. Just look at the recent news:
- Ohio accept crypto for tax payments,
- Nasdaq is going to launch futures on BTC,
- ECB`s Lagard proposes to think about issuing cryptocurrency for transations between banks.

Cryptocurrency becomes more and more popular, so it possibly would become a common way of payment. Of course, to be so, the price of main tokens should find its long term range.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on November 28, 2018, 09:57:37 PM
To my mind, cryptocurrencies could gain mass adoption. Just look at the recent news:
- Ohio accept crypto for tax payments,
- Nasdaq is going to launch futures on BTC,
- ECB`s Lagard proposes to think about issuing cryptocurrency for transations between banks.

Cryptocurrency becomes more and more popular, so it possibly would become a common way of payment. Of course, to be so, the price of main tokens should find its long term range.

Dear FxTS.

You must be one of those who have a vested interest and use smoke and mirrors to promote your cause:

1- Josh Mandel, the Ohio State Treasurer, his term ends in January. Therefore, he could be singing in the dark.


2. Nasdaq’s Bitcoin Futures Could Launch in Q1 2019.

3. ECB`s Lagard proposes to think about issuing cryptocurrency for transactions between banks.

Perhaps you too, like McAfee, could put some meat into your certainty and eat your dick at some point, we can then appreciate your certainty in your assurance. ;)


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on November 29, 2018, 02:00:24 PM
Will Bitcoin become a long-term trusted store of value?

Whether one should invest in bitcoin or not depends on whether you think Bitcoin will become a long-term trusted store of value.

If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 468x ( 1 Bitcoin equals, 4,265.01 United States Dollar, Nov. 29, 1:49 p.m., UTC ) price of where BTC is today.

https://www.forbes.com/sites/quora/2017/12/26/is-investing-in-bitcoin-a-good-idea/#53861d3eef32

Regards,
HumbleTrader

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on November 29, 2018, 03:19:40 PM

Ohio became the first US state to allow bitcoin payments for a wide range of corporate taxes. (https://theforexreview.com/2018/11/28/ohio-is-the-first-state-to-accepts-bitcoins-as-tax-payments/)

Since Monday businesses throughout the state are allowed to use the crypto coin to pay for as many as 23 taxes with just 1% fee, which is a smaller charge than the standard 2,5% credit card fee.

For the time being the authorities in Ohio accept only Bitcoins and not any other of the major crypto coins like Ethereum, Ripple, Monero or Dash. Also, the option is limited to corporate taxes and citizens are not allowed to pay personal taxes with the crypto currency.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on November 30, 2018, 08:20:59 PM
Is Bitcoin Dead?

  https://www.fool.ca/2018/11/29/is-bitcoin-dead/

Regards,
HumbleTrader

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on December 01, 2018, 01:01:20 PM
The bubble had to pop sooner or later, I think the question is whether there will be another eventually. :(
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on December 06, 2018, 10:01:09 PM
The bubble had to pop sooner or later, I think the question is whether there will be another eventually. :(

Bitcoin (BTC/USD) moving lower on heavy technicals with no bottom in sight.


https://www.fxstreet.com/cryptocurrencies/news/bitcoin-btc-usd-moving-lower-on-heavy-technicals-with-no-bottom-in-sight-201812061645

1 Bitcoin equals
3,594.86 United States Dollar
Dec. 6, 10:00 p.m.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: FxTS on December 07, 2018, 05:45:01 AM
To my mind, cryptocurrencies could gain mass adoption. Just look at the recent news:
- Ohio accept crypto for tax payments,
- Nasdaq is going to launch futures on BTC,
- ECB`s Lagard proposes to think about issuing cryptocurrency for transations between banks.

Cryptocurrency becomes more and more popular, so it possibly would become a common way of payment. Of course, to be so, the price of main tokens should find its long term range.

Dear FxTS.

You must be one of those who have a vested interest and use smoke and mirrors to promote your cause:

1- Josh Mandel, the Ohio State Treasurer, his term ends in January. Therefore, he could be singing in the dark.


2. Nasdaq’s Bitcoin Futures Could Launch in Q1 2019.

3. ECB`s Lagard proposes to think about issuing cryptocurrency for transactions between banks.

Perhaps you too, like McAfee, could put some meat into your certainty and eat your dick at some point, we can then appreciate your certainty in your assurance. ;)


Regards,
HumbleTrader

Dear HumbleTrader,

I have any relation to crypto industry, so I have no personal interest in its promotion. I even have no funds in crypto to search for news that confirm my position to feel safe.

The only idea is that I see lot of regulatory news, showing that the general attitude to crypto has changed. For example, Malta has already created special crypto regulation (just google MFSA website, its Malta financial authority). Something is going on.

The point is that I am mostly against crypto, excluding stablecoins, that potentially could be created by the governments. Existing crypto has no value itself, so it would always been too volatile to use it for payments.

So, think a bit more before starting to attack and blame someone been crypto promoter and interested person, Ok?
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on December 07, 2018, 01:51:27 PM
http://www.bbc.com/news/world-europe-46480892
To my mind, cryptocurrencies could gain mass adoption. Just look at the recent news:
- Ohio accept crypto for tax payments,
- Nasdaq is going to launch futures on BTC,
- ECB`s Lagard proposes to think about issuing cryptocurrency for transations between banks.

Cryptocurrency becomes more and more popular, so it possibly would become a common way of payment. Of course, to be so, the price of main tokens should find its long term range.

Dear FxTS.

You must be one of those who have a vested interest and use smoke and mirrors to promote your cause:

1- Josh Mandel, the Ohio State Treasurer, his term ends in January. Therefore, he could be singing in the dark.


2. Nasdaq’s Bitcoin Futures Could Launch in Q1 2019.

3. ECB`s Lagard proposes to think about issuing cryptocurrency for transactions between banks.

Perhaps you too, like McAfee, could put some meat into your certainty and eat your dick at some point, we can then appreciate your certainty in your assurance. ;)


Regards,
HumbleTrader

Dear HumbleTrader,

I have any relation to crypto industry, so I have no personal interest in its promotion. I even have no funds in crypto to search for news that confirm my position to feel safe.

The only idea is that I see lot of regulatory news, showing that the general attitude to crypto has changed. For example, Malta has already created special crypto regulation (just google MFSA website, its Malta financial authority). Something is going on.

The point is that I am mostly against crypto, excluding stablecoins, that potentially could be created by the governments. Existing crypto has no value itself, so it would always been too volatile to use it for payments.

So, think a bit more before starting to attack and blame someone been crypto promoter and interested person, Ok?

Hello, FXTS.

I don't see how I am blaming you for anything; I am simply demonstrating that the points you bring out are not complete and may be misleading. I would advise you to go back on this thread and the one on "Bitcoin Discussion", to become familiar with my points of view on this subject, here is a summary:

1- Only legitimate, free-market governments can issue currencies of any sort and take the responsibility of monitoring the number and use of such.

2- The technology driving cryptocurrencies, blockchain, is a good one and "may" be adopted by legitimate sanctioned banking institutions to transact exchanges.

3- Any "non-governmental sanctioned", cryptocurrencies that do come about are Ponzi schemes developed to scam gullible consumers and deny them legitimate savings which they may have.

4- Cryptocurrencies, "crypto" (Greek hidden), cannot have any other goal other than evading authorities from tracking down underworld activities and a way of perverting societies.

Finally, there is the environmental cost: The mining of cryptos has proven to be a huge waste of energy and one responsible for producing a large amount of heat responsible for environmental degradation. Although at first, blockchain "efficiency" was peddled by crypto enthusiasts as being a more efficient form of transactions, the environmental cost does not balance out. There are many "enthusiasms" which come about which look great at first but turn out to reveal hidden drawbacks which all of us as taxpayers have to face and pay, here is an unrelated example and one which has just presented itself in Canada where I reside and I will use to prove my point:

You must have heard that Canada has become one of the first countries to legitimize the use of cannabis( marijuana). The reasons given by the supporters was that (a) It had medicinal use for people in need of various ailments. (b) It would choke off an income source for the underworld (c) It would reduce the criminalization for possession of a "weed". All these were legitimate and benign reasons, most importantly it would cost the public little and in fact would be a source of revenue for taxation by the governments. Today, we find that all of the above is true except in that the average family will now have to fork out an extra 400$/year for food! How has that come about you may ask? Given that here in Canada most of our fresh fruit and vegetables are imported, mostly in winter months and plenty of others are raised in greenhouses to meet local needs,  it turns out that those raising crops in greenhouses, are now converting them to grow cannabis instead because the profit factor is 4-5 times greater to raising weed instead of, say tomatoes!

I really don't see what the enthusiasm is all about crypto's except that proliferated by those who want to promote and cash in on a fad and that is where we need to be vigilant here: Who is promoting a reasonable strategy for trading in Forex, be it a form of an EA, training or simply sharing strategies, versus those who come through the back door trying to pull the wool over our eyes disguised as such.

Regards,
HumbleTrader

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on December 07, 2018, 07:55:38 PM
Finally, there is the environmental cost: The mining of cryptos has proven to be a huge waste of energy and one responsible for producing a large amount of heat responsible for environmental degradation. Although at first, blockchain "efficiency" was peddled by crypto enthusiasts as being a more efficient form of transactions, the environmental cost does not balance out. There are many "enthusiasms" which come about which look great at first but turn out to reveal hidden drawbacks which all of us as taxpayers have to face and pay, here is an unrelated example and one which has just presented itself in Canada where I reside and I will use to prove my point:


Regards,
HumbleTrader
Crypto mining is a fart in the air compared to banking environmental cost... https://coincentral.com/what-is-the-environmental-impact-of-bitcoin-mining/

(https://i.imgur.com/vs0nbWQ.png)
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on December 07, 2018, 10:32:17 PM
Finally, there is the environmental cost: The mining of cryptos has proven to be a huge waste of energy and one responsible for producing a large amount of heat responsible for environmental degradation. Although at first, blockchain "efficiency" was peddled by crypto enthusiasts as being a more efficient form of transactions, the environmental cost does not balance out. There are many "enthusiasms" which come about which look great at first but turn out to reveal hidden drawbacks which all of us as taxpayers have to face and pay, here is an unrelated example and one which has just presented itself in Canada where I reside and I will use to prove my point:


Regards,
HumbleTrader
Crypto mining is a fart in the air compared to banking environmental cost... https://coincentral.com/what-is-the-environmental-impact-of-bitcoin-mining/

(https://i.imgur.com/vs0nbWQ.png)

You got be kidding, right; your source of 'fartsy information" is the BTC promoter, Coincentral.com?

Here is my source: https://www.researchgate.net/publication/321383875_Current_Trends_in_Sustainability_of_Bitcoins_and_Related_Blockchain_Technology

In this "scientific" research, you will probably jump to quoting that long, long time, from now, BTC or crypto production "might" become more efficient than other forms of transactional exchanges but "if" they become a legitimately recognized forms of "recognized exchange". But to parallel this with existing systems it is truly a much destructive form of "experimental" technology, when it comes at a time in the history of our planet where we have less than 12 years to change our environmental impact less we find doomsday. (UN current research, https://www.unenvironment.org/news-and-stories.)  The key statement in this research is the acknowledgment of the fact that: " Bitcoin and other forms of cryptocurrency are particularly attractive for libertarian and/or anarchist sympathizers, who want to see money removed from the control of governments or a central bank." In other words, when we have destroyed our civilization, our atmosphere and we return to the laws of the jungle, there might be a use of cryptos but then again, who would want to be around in this dystopian world when there will probably arise a better currency, called a "pound of flesh"?

Back in November 28, 2017, you advised holding on to BTC at 10k, acknowledging that it might go to an extreme low of 8k, "10k could be resistance if people take profit, but now most people are just holding as they think it can go to 100k :) So the correction shouldn't be that big. Maybe to 8k and than back up".

Ref: Re: Bitcoin Discussion
« Reply #79 on: November 28, 2017, 11:09:12 AM »

Enjoy your cryptos while they depreciate, let us know your purchase price so we can celebrate with you when you do make it BIG! ;)

1 Bitcoin equals
3,377.84 United States Dollar
Dec. 7, 11:20 p.m.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on December 08, 2018, 01:01:24 AM
Finally, there is the environmental cost: The mining of cryptos has proven to be a huge waste of energy and one responsible for producing a large amount of heat responsible for environmental degradation. Although at first, blockchain "efficiency" was peddled by crypto enthusiasts as being a more efficient form of transactions, the environmental cost does not balance out. There are many "enthusiasms" which come about which look great at first but turn out to reveal hidden drawbacks which all of us as taxpayers have to face and pay, here is an unrelated example and one which has just presented itself in Canada where I reside and I will use to prove my point:


Regards,
HumbleTrader
Crypto mining is a fart in the air compared to banking environmental cost... https://coincentral.com/what-is-the-environmental-impact-of-bitcoin-mining/

(https://i.imgur.com/vs0nbWQ.png)

You got be kidding, right; your source of 'fartsy information" is the BTC promoter, Coincentral.com?

Here is my source: https://www.researchgate.net/publication/321383875_Current_Trends_in_Sustainability_of_Bitcoins_and_Related_Blockchain_Technology

In this "scientific" research, you will probably jump to quoting that long, long time, from now, BTC or crypto production "might" become more efficient than other forms of transactional exchanges but "if" they become a legitimately recognized forms of "recognized exchange". But to parallel this with existing systems it is truly a much destructive form of "experimental" technology, when it comes at a time in the history of our planet where we have less than 12 years to change our environmental impact less we find doomsday. (UN current research, https://www.unenvironment.org/news-and-stories.)  The key statement in this research is the acknowledgment of the fact that: " Bitcoin and other forms of cryptocurrency are particularly attractive for libertarian and/or anarchist sympathizers, who want to see money removed from the control of governments or a central bank." In other words, when we have destroyed our civilization, our atmosphere and we return to the laws of the jungle, there might be a use of cryptos but then again, who would want to be around in this dystopian world when there will probably arise a better currency, called a "pound of flesh"?

Back in November 28, 2017, you advised holding on to BTC at 10k, acknowledging that it might go to an extreme low of 8k, "10k could be resistance if people take profit, but now most people are just holding as they think it can go to 100k :) So the correction shouldn't be that big. Maybe to 8k and than back up".

Ref: Re: Bitcoin Discussion
« Reply #79 on: November 28, 2017, 11:09:12 AM »

Enjoy your cryptos while they depreciate, let us know your purchase price so we can celebrate with you when you do make it BIG! ;)

1 Bitcoin equals
3,377.84 United States Dollar
Dec. 7, 11:20 p.m.

Regards,
HumbleTrader
Just calculate. If 1 ounce of gold costs 1000 USD. ON yearly basis we mine about 3000 ton of gold. So 105.821.900 x 1000 we get 105 billion and so on...
You can FUD as much as you want, crypto is here to stay. In fact, I don't care where it goes as I trade both ways. My next target is 2k. But my buying price of BTC you won't see. It will go to 10k before it goes to 500... I might be wrong nothing is 100%, but so far crypto trading has been more profitable than FX. 
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on December 08, 2018, 03:56:38 PM
Finally, there is the environmental cost: The mining of cryptos has proven to be a huge waste of energy and one responsible for producing a large amount of heat responsible for environmental degradation. Although at first, blockchain "efficiency" was peddled by crypto enthusiasts as being a more efficient form of transactions, the environmental cost does not balance out. There are many "enthusiasms" which come about which look great at first but turn out to reveal hidden drawbacks which all of us as taxpayers have to face and pay, here is an unrelated example and one which has just presented itself in Canada where I reside and I will use to prove my point:


Regards,
HumbleTrader
Crypto mining is a fart in the air compared to banking environmental cost... https://coincentral.com/what-is-the-environmental-impact-of-bitcoin-mining/

(https://i.imgur.com/vs0nbWQ.png)

You got be kidding, right; your source of 'fartsy information" is the BTC promoter, Coincentral.com?

Here is my source: https://www.researchgate.net/publication/321383875_Current_Trends_in_Sustainability_of_Bitcoins_and_Related_Blockchain_Technology

In this "scientific" research, you will probably jump to quoting that long, long time, from now, BTC or crypto production "might" become more efficient than other forms of transactional exchanges but "if" they become a legitimately recognized forms of "recognized exchange". But to parallel this with existing systems it is truly a much destructive form of "experimental" technology, when it comes at a time in the history of our planet where we have less than 12 years to change our environmental impact less we find doomsday. (UN current research, https://www.unenvironment.org/news-and-stories.)  The key statement in this research is the acknowledgment of the fact that: " Bitcoin and other forms of cryptocurrency are particularly attractive for libertarian and/or anarchist sympathizers, who want to see money removed from the control of governments or a central bank." In other words, when we have destroyed our civilization, our atmosphere and we return to the laws of the jungle, there might be a use of cryptos but then again, who would want to be around in this dystopian world when there will probably arise a better currency, called a "pound of flesh"?

Back in November 28, 2017, you advised holding on to BTC at 10k, acknowledging that it might go to an extreme low of 8k, "10k could be resistance if people take profit, but now most people are just holding as they think it can go to 100k :) So the correction shouldn't be that big. Maybe to 8k and than back up".

Ref: Re: Bitcoin Discussion
« Reply #79 on: November 28, 2017, 11:09:12 AM »

Enjoy your cryptos while they depreciate, let us know your purchase price so we can celebrate with you when you do make it BIG! ;)

1 Bitcoin equals
3,377.84 United States Dollar
Dec. 7, 11:20 p.m.

Regards,
HumbleTrader
Just calculate. If 1 ounce of gold costs 1000 USD. ON yearly basis we mine about 3000 ton of gold. So 105.821.900 x 1000 we get 105 billion and so on...
You can FUD as much as you want, crypto is here to stay. In fact, I don't care where it goes as I trade both ways. My next target is 2k. But my buying price of BTC you won't see. It will go to 10k before it goes to 500... I might be wrong nothing is 100%, but so far crypto trading has been more profitable than FX.

Like I have said to others earlier, "it would be nice to put some meat into your prediction"; John McAfee has the balls to state it ( running out of the rest), that he will eat his dick if BTC doesn't reach 500k. Perhaps you can make a similar pledge that it will not dip below 500$ USD?   ;)

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on December 08, 2018, 08:14:32 PM
Sure I can bet with you for 1 BTC that price won't go to 500 USD. If I lose I give you 1 BTC if I win you give me 1 BTC. We can reassess after 1 year or what timeframe would you prefer?
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on December 09, 2018, 01:57:14 AM
Sure I can bet with you for 1 BTC that price won't go to 500 USD. If I lose I give you 1 BTC if I win you give me 1 BTC. We can reassess after 1 year or what timeframe would you prefer?

Always scheming. If BTC, drops to zero, you will give me nothing, if it doesn't, I will pay you at least 500$, real money? I guess you think the entire world is as gullible as those other suckers who were promised 100k, 200k,-- and other appreciations and are now broke, worse still, owing others, family and friends "real money". I guess if you and I were to crash on an isolated island, and I had a bag of apples, you would offer me 1 BTC in exchange. I heard the natives of the Amazon are waiting to cook soup for you; if they can't use your  1 BTC, at least you will serve well for the soup.  ;)

Your statement is valid enough for the record, you have already made questionable statements on record: The last crypto "enthusiast" who challenged me, is now nowhere to be heard on this forum but his previous text lingers on, CanadianPsycho was his name; go back and have a read.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on December 09, 2018, 09:15:35 AM
If I were on an island with you and you had apples I wouldn't offer BTC nor FIAT, they have the same value in survival mode...  I would have asked you to share if you would have said no I would just take them off you. I doubt you are stronger than me in real life unless you are 120kg and over 2m... So in those circumstances I have advantage and it would be in your interest to share. First to help a human being and second to have protection and help against any wildlife threats.

Now to BTC, if BTC touches 500 you get 500 it's not 0... If it doesn't I get the value of BTC at the time the bet ends... Simple as that...
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Nasdaq100 on December 09, 2018, 09:59:04 AM
Sorry to interfere guys

The only way to make the bet fair in this situation is to keep it locked at the current market price once you two gentlemen agree.

So if the current price is $3200 when you agree. And the price either goes to $1 million or $500, then loser pays the winner $3200 through wiring real money.

I doubt that we will hit the $500, but we are already close to it. Nevertheless, just for the fact that this crap went from 20,000 to 3200, makes it impossible to categorise it as an investment instrument. Gamble is what it is.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on December 09, 2018, 04:18:08 PM
Sorry to interfere guys

The only way to make the bet fair in this situation is to keep it locked at the current market price once you two gentlemen agree.

So if the current price is $3200 when you agree. And the price either goes to $1 million or $500, then loser pays the winner $3200 through wiring real money.

I doubt that we will hit the $500, but we are already close to it. Nevertheless, just for the fact that this crap went from 20,000 to 3200, makes it impossible to categorise it as an investment instrument. Gamble is what it is.
No thanks, Megabot but other than a weekly lottery ticket, that is the extent of my gambling.

That is the essence of it all, Megabot,  yet these dreamers and a number of scammers, keep on pushing their wear.  If I was them, I would hide my head in shame knowing how many innocent people's have lost their savings on a bubble.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on December 09, 2018, 05:01:58 PM
Well how many lost in 2008? Or how many in dot.com yet all continue. Few rose to the occasion, same will be with crypto. 99% shitcoins will die the 1% will change the future. We can see this even now. Look at TIPS in EU. Transfer under 10s and cost 0.002€. ECB researching blockchain and thinking of implementation etc. All because of crypto.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: reinerh on December 09, 2018, 05:07:10 PM
Well how many lost in 2008? Or how many in dot.com yet all continue. Few rose to the occasion, same will be with crypto. 99% shitcoins will die the 1% will change the future. We can see this even now. Look at TIPS in EU. Transfer under 10s and cost 0.002€. ECB researching blockchain and thinking of implementation etc. All because of crypto.

blockchain is here to stay no question.

with btc the swings are just too dramatic for lets say a business to use it as payment, a business needs something a tad more stable.

as cost per transaction i think hedera might be the winner down the road, but i am not into this space much, its simply a bit over my head.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on December 09, 2018, 09:31:40 PM
Well ICE will offer daily futures with physical BTC. Starbucks is behind it. The vendors will now be able to hedge and protect the price and the difference will be paid in BTC not like we have now, that you settle difference with cash. So this is a step forward and in favour of BTC.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on December 10, 2018, 12:33:12 AM
Well how many lost in 2008? Or how many in dot.com yet all continue. Few rose to the occasion, same will be with crypto. 99% shitcoins will die the 1% will change the future. We can see this even now. Look at TIPS in EU. Transfer under 10s and cost 0.002€. ECB researching blockchain and thinking of implementation etc. All because of crypto.

blockchain is here to stay no question.

with btc the swings are just too dramatic for lets say a business to use it as payment, a business needs something a tad more stable.

as cost per transaction i think hedera might be the winner down the road, but i am not into this space much, its simply a bit over my head.

I predicted the use of blockchain from the start of the conversation, now after new revelations, blockchain seems to be as much a fallacy as BTC and the other "dreamers'" cryptos; read on:

Commentary: Blockchain has been a lie all this while

https://www.channelnewsasia.com/news/blockchain-has-been-a-lie-all-this-while-10831880?cid=h3_referral_inarticlelinks_24082018_cna



Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on December 10, 2018, 12:36:26 AM
Well how many lost in 2008? Or how many in dot.com yet all continue. Few rose to the occasion, same will be with crypto. 99% shitcoins will die the 1% will change the future. We can see this even now. Look at TIPS in EU. Transfer under 10s and cost 0.002€. ECB researching blockchain and thinking of implementation etc. All because of crypto.

And the misery spreads:

The Big Read: Cryptocurrency crash offers industry the reality check it needs

10 Dec 2018 06:26AM
(Updated: 10 Dec 2018 06:30AM)



https://www.channelnewsasia.com/news/singapore/the-big-read-cryptocurrency-crash-offers-industry-the-reality-11015242


Regards,
HumbleTrader


Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on December 10, 2018, 02:00:43 PM
Those comments clearly show how wrong those authors are. And spreading FUD, once bullish sentiment starts they will switch sides. They did it before and will do it again. Same as JP Morgan Chase CEO from saying BTC is fraud to BTC supporter... 

First of all, blockchain it's not a glorified excel sheet as you can add anything virtual to it. Second, there are PoS not only PoW coins. Proof of stake and masternodes can work on a cheapest Rasberry Pi, so only 30$ and you can support the network. You can rent a VPS for 2$ and support network and so on.

It is decentralised and it is uncheatable. You can not just add any number or file there and cheat because it is stored in the network and network instantly denies fake claims.

You can vote and all votes cannot be fake, this is a huge step in transparency.  We already had first test blockchain voting. You can share files, videos, music or government secrets in blockchain and it will be safe because it's encrypted and then you can download it anywhere u want.

In fact, I would really like to see all government spending added to the blockchain, so we can verify it easily and not wait for investigative journalists to point out frauds.

On a side note, Greed is the only law people obey.  If it's profitable u jump on it if it's not u go away then it becomes profitable again. Than u jump on the train until it's not and so on it's a self-regulation, which no other authority can do and it's sufficient and practical.

You have your own perspective I have my own, but blockchain will stay and 1% of cryptocurrencies too and BTC will be one of them although it might not be the dominant one in the future.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on December 10, 2018, 02:59:25 PM
"You have your own perspective I have my own, but blockchain will stay and 1% of cryptocurrencies too and BTC will be one of them although it might not be the dominant one in the future."

My grandmother used to say, when challenged: The fox 100 years old, her cub would claim to be 110 years of age. It's nice to know we have someone here who is better qualified than all those crypto experts who have made it the full-time study with PH. D's to boot. In addition, I should probably mention that I got my B.Sc. in computer science,  way back when Hollerith cards were just being abandoned for terminals and since have been recognized as a moving force, in small part, in the computer field.  I say this only to point out that I can well read and understand when we are talking about distributive systems, spreadsheets and how they work. The technology is moving so fast, especially in the Quantum computing filed, that such things as Blockchain, can become obsolete within the push of a key button. But then again, what do I know,  you are  120 kg and more than 2m tall.  :)

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on December 10, 2018, 10:09:08 PM
I too studied computer science by the way ;) Although I'm much younger than you. All is obsolete and nothing is 100%, but those articles are shit, sorry to say that but they are.

I can post different ones, but you will just say they are pro crypto and I will say that your's are anti crypto.

Time will show us where we go, meanwhile I seize the opportunity to make a nice profit. I trade all that moves... crypto, stock, forex...

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on December 11, 2018, 12:24:08 AM
I too studied computer science by the way ;) Although I'm much younger than you. All is obsolete and nothing is 100%, but those articles are shit, sorry to say that but they are.

I can post different ones, but you will just say they are pro crypto and I will say that your's are anti crypto.

Time will show us where we go, meanwhile I seize the opportunity to make a nice profit. I trade all that moves... crypto, stock, forex...

You sound like a gentleman, so yes, let's leave it at that. Since I have no investment in this, I wish you luck.  :)

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on December 11, 2018, 01:32:57 PM
"You have your own perspective I have my own, but blockchain will stay and 1% of cryptocurrencies too and BTC will be one of them although it might not be the dominant one in the future."

My grandmother used to say, when challenged: The fox 100 years old, her cub would claim to be 110 years of age. It's nice to know we have someone here who is better qualified than all those crypto experts who have made it the full-time study with PH. D's to boot. In addition, I should probably mention that I got my B.Sc. in computer science,  way back when Hollerith cards were just being abandoned for terminals and since have been recognized as a moving force, in small part, in the computer field.  I say this only to point out that I can well read and understand when we are talking about distributive systems, spreadsheets and how they work. The technology is moving so fast, especially in the Quantum computing filed, that such things as Blockchain, can become obsolete within the push of a key button. But then again, what do I know,  you are  120 kg and more than 2m tall.  :)

Regards,
HumbleTrader

Here is a way how Quantum computing might be used to support blockchain, although I am almost sure from what I am reading,  new advances in quantum physics will make blockchain obsolete.


https://scholar.google.ca/scholar?q=blockchain+and+quantum+computing&hl=en&as_sdt=0&as_vis=1&oi=scholart#d=gs_qabs&p=&u=%23p%3DaDvZYIfDJAkJ

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Arsssele on December 14, 2018, 06:29:39 AM
There are more and more businesses that are accepting Bitcoin as a mean of payment for goods and services. If accepting the Bitcoin is the way to sell your product to somebody than it is fine for retailers. I cannot be sure about exact scale of adoption in the future, but BTC is on his way.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on December 14, 2018, 02:29:27 PM
There are more and more businesses that are accepting Bitcoin as a mean of payment for goods and services. If accepting the Bitcoin is the way to sell your product to somebody than it is fine for retailers. I cannot be sure about exact scale of adoption in the future, but BTC is on his way.

BITCOIN SCAMS ON THE RISE.

We often get "new", people like you using "crypto", anonymity (promoters), to make general claims such as yours but they never come up with any specifics like to name these businesses and where they are to be found. In my neck of the woods,  Cryptocurrencies are indeed becoming popular and used for what they were intended to be used by the underworld to evade governmental agencies set up to serve stable and legitimate societies.

https://www-cbc-ca.cdn.ampproject.org/v/s/www.cbc.ca/amp/1.4942619?amp_js_v=a2&amp_gsa=1#referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.cbc.ca%2Fnews%2Fcanada%2Fedmonton%2Fbitcoin-fraud-scam-edmonton-police-newcomers-1.4942619


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on December 14, 2018, 09:10:11 PM
You can't evade with BTC, it's so easy to check transactions. The only evading is done by offshore banks.

In our country we don't have taxes for crypto, so nobody hides this. But in other, where I used to live, if you have a profit you need to prove where did you get it from if not they tax you with 70% plus penalties. So every time you sell crypto for FIAT and withdraw you need to show the history of all transactions made and it's easy.

The only way to hide and evade taxes is if you have an offshore account and deposit to the offshore bank. You can do that for a while, but if you want to buy a real estate it won't work. But for everyday spending and the smaller amount, this works.

You can also open a company and deduct expenses, so all real estates are owned by your company.

There are a lot of stores where you can buy with crypto. I bought several PC and laptops and hardware that way.

Here you can check vendors accepting crypto: https://coinmap.org/#/world/45.60058739/14.08447266/8

I bet you will be surprised how many there are ;)
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on December 15, 2018, 02:00:08 AM
You can't evade with BTC, it's so easy to check transactions. The only evading is done by offshore banks.

In our country we don't have taxes for crypto, so nobody hides this. But in other, where I used to live, if you have a profit you need to prove where did you get it from if not they tax you with 70% plus penalties. So every time you sell crypto for FIAT and withdraw you need to show the history of all transactions made and it's easy.

The only way to hide and evade taxes is if you have an offshore account and deposit to the offshore bank. You can do that for a while, but if you want to buy a real estate it won't work. But for everyday spending and the smaller amount, this works.

You can also open a company and deduct expenses, so all real estates are owned by your company.

There are a lot of stores where you can buy with crypto. I bought several PC and laptops and hardware that way.

Here you can check vendors accepting crypto: https://coinmap.org/#/world/45.60058739/14.08447266/8

I bet you will be surprised how many there are ;)


Right. Since you and I started this conversation,  BTC has dropped,  300$+.At his rate, if I left home to go and buy a chicken at the store that accepts BTC ( If there are any), by the time I walked up to the counter to pay, I would broadly be offered a chicken egg for the original price of the chicken.

You can sweeten it and play with heat maps that give "shades", instead of actual verifiable lists,  all you want but the bottom line is that those of you who risked your fiat money to buy "hot air", are in a desperate state to convince other victims so they can dump their wear before their crypto's wind up buying no more than chicken feathers, let alone a chicken egg. ;)

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on December 15, 2018, 10:00:14 AM
We can go the other way too ;) I bought 1 BTC in 2016 and I bought with it 2 laptops, 1 PC worth 3k, headset and I went twice to BTC accepting restaurant and I still have a little more than 0.5 BTC left :)

On a side note, the goal is for BTC to become a "digital gold" and store of value not for daily settlements, although lightning network will solve this.

The problem is blockchain will be used no matter how you dislike it. China is taking all they can. This is their dream come true: https://www.bloomberg.com/news/articles/2018-12-13/china-s-plan-to-sideline-bitcoin

I think most states will adopt it sooner than later. They can check any transaction, no more tax evasion, they can freeze assets and so on. So saying cryptocurrencies are a scam and for avoiding taxes is a myth. All those scammers are getting arrested sooner or later. You can't hide even if you go to offshore, because once a warrant is issued bank has to provide all the information...
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on December 15, 2018, 12:22:24 PM
I just can't picture cryptocurrencies taking the place of fiat currencies in the foreseeable future. It's too big of a change.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on December 18, 2018, 12:31:09 AM
I just can't picture cryptocurrencies taking the place of fiat currencies in the foreseeable future. It's too big of a change.


Read the following article and tell me if you don't feel all this is a BIG video game, played by suckeres who give away their hard earned money to play the game of cryptocurrencies where the  game designers,  like the casino,  will ultimately have the last laugh:  ;)


https://www.ccn.com/bitcoin-price-will-crash-to-zero-says-bitcoin-cash-founder-calvin-ayre/

If you bought BTC'S,  was it the right brand? 😊 lol

Regards,
HumbleTrader


Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on December 19, 2018, 01:12:05 PM
Thanks for the article.
I don't know what to tell you, my main thought is that BTC was a bubble that has now burst and will likely continue to deflate.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on December 20, 2018, 12:41:35 PM
Here is a good analysis: https://www.forexpeacearmy.com/community/threads/all-you-need-to-know-about-blockchain-and-bitcoin.53992/page-15#post-328940
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on December 21, 2018, 03:23:16 PM
Here is one technology that "might" take hold but this will be far from a "cryptocurrency" since it will be supervised by Facebook and I am sure the government of India. The only difference with this and using a regular credit card will probably be the service charges that vendors incurred when transacting with credit cards will be charged at origin when you buy the coin. In other words, Facebook will make the income upfront when you buy their "electronic coins".

technology
Facebook Is Developing a Cryptocurrency for WhatsApp Transfers, Sources Say


I am sure the government(s) will find a way to, (a) Monitor transactions (b) Require that you register a wallet with proof of identity.


https://www.bloomberg.com/news/articles/2018-12-21/facebook-is-said-to-develop-stablecoin-for-whatsapp-transfers


Enjoy the read.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on December 23, 2018, 09:21:01 PM
Santa says, "If you can't feel it with your hands and teeth, and put it in your pocket, it ain't real!"  ;)

cryptocurrencies
Wall Street Quietly Shelves Its Bitcoin Dreams

https://www.bloomberg.com/news/articles/2018-12-23/wall-street-quietly-shelves-its-bitcoin-dreams

1 Bitcoin equals
3,964.36 United States Dollar
Dec. 23, 9:19 p.m. UTC


Merry Christmas!

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: pipsbuster on December 24, 2018, 04:20:57 AM
If anything, Bitcoin was not meant for Wall Street. Merry Christmas to you too!
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on December 26, 2018, 02:07:28 PM
I agree about that, I don't think it was ever designed with that in mind. And even if it was, that bubble has already burst.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: drunkfx on January 06, 2019, 12:20:10 PM
Next support is at 2K, I think I will start to buy from here. Sometimes it worth to wait for some time to discover nice entry points.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on January 06, 2019, 12:33:01 PM
Next support is at 2K, I think I will start to buy from here. Sometimes it worth to wait for some time to discover nice entry points.

Why not double your money and short right now; at the current price of 3,824.29$, you will make a killing!  ;)


Regards,
HumbleTrader

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on January 07, 2019, 01:10:28 PM
It did rally back above $4,000 but who knows how long that will last. It's probably preparing for another plunge.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on January 07, 2019, 01:12:37 PM
It did rally back above $4,000 but who knows how long that will last. It's probably preparing for another plunge.

Stay "positive" and SELL!  :D

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on January 08, 2019, 02:17:03 PM
The Financial Services Agency (FSA) in Japan may approve exchange-traded funds (ETFs) that track crypto assets (https://theforexreview.com/2019/01/07/japanese-regulator-considers-approving-crypto-etfs/), although earlier this year the regulator abandoned plans to legitimize other crypto derivatives like futures and options, reports Bloomberg, citing a source familiar with the matter.

The hope shared by many analysts is that such a decision will help revive the crypto market, suffering the worst selloff in a year, by attracting institutional investors.

Currently FSA is assessing the potential interest in crypto currencies tracking ETFs.

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: fxplan on January 08, 2019, 11:20:15 PM
I think Bitcoin/crypto is here to stay, though it may  always be somewhat niche. There are some circumstances where it can be useful, apart from things like illegal activities, for instance left-wing activists have targeted payment processors used by centre-right figures leaving them without the means to raise funds - so crypto could well be useful in those circumstances.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on January 15, 2019, 02:22:14 PM
Gate io, a US based crypto exchange with a daily trading volume of $94 million, said it has lost over 40 000 Ethereum Classic worth over 220 000 USD after a hacker attack on January 7th. (https://theforexreview.com/2019/01/11/at-least-40-000-etc-stolen-from-gate-io/)

It is assumed that it was a “51%” attack, in which a user or a group seizes the control of the majority of mining power to monopolize control over the network. A successful “51%” attack will allow hackers to rewrite the transaction history of the block chain and double spend coins for fiat currency.

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on January 15, 2019, 02:48:43 PM
I think Bitcoin/crypto is here to stay, though it may  always be somewhat niche. There are some circumstances where it can be useful, apart from things like illegal activities, for instance left-wing activists have targeted payment processors used by centre-right figures leaving them without the means to raise funds - so crypto could well be useful in those circumstances.

The first part of your statement, "I think Bitcoin/crypto is here to stay,", is your opinion but the remainder of your statement needs to be backed up with facts; do you have any, if not, stop spreading "fake news and propaganda"! >:(


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on January 15, 2019, 05:03:45 PM
Gate io, a US based crypto exchange with a daily trading volume of $94 million, said it has lost over 40 000 Ethereum Classic worth over 220 000 USD after a hacker attack on January 7th. (https://theforexreview.com/2019/01/11/at-least-40-000-etc-stolen-from-gate-io/)

It is assumed that it was a “51%” attack, in which a user or a group seizes the control of the majority of mining power to monopolize control over the network. A successful “51%” attack will allow hackers to rewrite the transaction history of the block chain and double spend coins for fiat currency.
https://www.cryptoglobe.com/latest/2019/01/ethereum-classic-51-attackers-return-100000-to-crypto-exchange-gate-io/

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on January 15, 2019, 05:12:51 PM
Gate io, a US based crypto exchange with a daily trading volume of $94 million, said it has lost over 40 000 Ethereum Classic worth over 220 000 USD after a hacker attack on January 7th. (https://theforexreview.com/2019/01/11/at-least-40-000-etc-stolen-from-gate-io/)

It is assumed that it was a “51%” attack, in which a user or a group seizes the control of the majority of mining power to monopolize control over the network. A successful “51%” attack will allow hackers to rewrite the transaction history of the block chain and double spend coins for fiat currency.
https://www.cryptoglobe.com/latest/2019/01/ethereum-classic-51-attackers-return-100000-to-crypto-exchange-gate-io/

Incredible! This should give anyone investing in cryptos great confidence, now you see it, now you don't! ???
Like I have been stating all along, investing in cryptos is investing in hot air. One thing we both agree is that BTC is tumbling, currently at 3,631.91$, which I must admit is quite stable for now. Your contention and many others being it will stabilize at 2k: Perhaps those who own it, in a small part of their investments, will probably hold on to it at 100$, just to show their grandchildren what fools they were at one time in their lives.  ;)

Regards,
HumbleTrader

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on January 16, 2019, 02:37:57 PM
If they were white hat hackers why did they return only half the money, I wonder.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on January 16, 2019, 03:33:16 PM
If they were white hat hackers why did they return only half the money, I wonder.

Because it was an internal job. Lol  :D

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on January 16, 2019, 05:27:08 PM

 Perhaps those who own it, in a small part of their investments, will probably hold on to it at 100$, just to show their grandchildren what fools they were at one time in their lives.  ;)

Regards,
HumbleTrader

Dreams about BTC worth $100 were real only in 2013 and this was the last time we will see such prices. You can disagree but BTC is here to stay until we figure out another monetary system, in fact, USD will collapse before BTC... You can't stop crypto even if you want to...
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on January 16, 2019, 05:45:03 PM

 Perhaps those who own it, in a small part of their investments, will probably hold on to it at 100$, just to show their grandchildren what fools they were at one time in their lives.  ;)

Regards,
HumbleTrader


Dreams about BTC worth $100 were real only in 2013 and this was the last time we will see such prices. You can disagree but BTC is here to stay until we figure out another monetary system, in fact, USD will collapse before BTC... You can't stop crypto even if you want to...



Get a good night's sleep; daydreaming again?  :D

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: jwatts7701 on January 16, 2019, 06:47:51 PM
Crypto I can say is really my one and only fuggettaboutit investment. I am not going to even look at mine until my kids are grown up. Keeping them out of sight and out of mind. I suspect that 90% of the ones i hold will be gone. THe other 10% will be off to the moon and back. Bitcoin will likely will not hit the moon as the BTC futures when released will cap the upside potential. Sp Stellar and Ripple are likely going to be ones with the highest chances of moon tragectory.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on January 17, 2019, 10:19:19 AM

Get a good night's sleep; daydreaming again?  :D

Regards,
HumbleTrader

I'm not dreaming, those are facts. You cannot stop crypto unless you deactivate electricity in the whole world and even then you will get solar/wind power plants that can have their network... As for BTC to drop to 100$, keep dreaming... You won't see prices under 1k.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on January 17, 2019, 12:54:01 PM

Get a good night's sleep; daydreaming again?  :D

Regards,
HumbleTrader

I'm not dreaming, those are facts. You cannot stop crypto unless you deactivate electricity in the whole world and even then you will get solar/wind power plants that can have their network... As for BTC to drop to 100$, keep dreaming... You won't see prices under 1k.

Try to educate yourself about technology. I would say, no more than a dozen lines of the right code and it will wipe out any crypto and yes, you will need electricity to do it. Try stealing a bar of gold or any hard currency with "hot air".  ;)

Regards,
HumbleTrader

1 Bitcoin equals
3,588.00 United States Dollar
Jan. 17, 1:19 p.m. UTC · Disclaimer
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on January 17, 2019, 02:03:50 PM
What line of code can do it? Explain, so I can check... If it would be possible I think somebody would have done it...

The 51% attack is the only threat that is possible for POW altcoins, but on a side note, there are plenty of POS altcoins and 51% attack is not possible there unless you are willing to spend trillions to gather 51% of specific altcoin supply.

Even if crypto becomes illegal you cannot stop it. It will always have support from those who do not like to be controlled by a central governed body. In worst case it will be used in black market, but it will stay here no matter what regulators or governments decide.  In that case yes BTC can drop to 100$, but the reality of this happening in near future is low. Institutions are buying over the counter, so there must be some reason for it. In my opinion, it will go over 20k before this happens. Then I might consider crypto starts downfall as regulators and governments decide it is enough of anarchy out there. Once they got rich from it of course ;)

Crypto was a geek sport till 2016 than institutions started to join, now it's Wallstreet, so until all of them get rich I think crypto is safe.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on January 17, 2019, 05:38:41 PM
What line of code can do it? Explain, so I can check... If it would be possible I think somebody would have done it...

The 51% attack is the only threat that is possible for POW altcoins, but on a side note, there are plenty of POS altcoins and 51% attack is not possible there unless you are willing to spend trillions to gather 51% of specific altcoin supply.

Even if crypto becomes illegal you cannot stop it. It will always have support from those who do not like to be controlled by a central governed body. In worst case it will be used in black market, but it will stay here no matter what regulators or governments decide.  In that case yes BTC can drop to 100$, but the reality of this happening in near future is low. Institutions are buying over the counter, so there must be some reason for it. In my opinion, it will go over 20k before this happens. Then I might consider crypto starts downfall as regulators and governments decide it is enough of anarchy out there. Once they got rich from it of course ;)

Crypto was a geek sport till 2016 than institutions started to join, now it's Wallstreet, so until all of them get rich I think crypto is safe.

You make some reasonable assumptions (a) Most certainly anyone who wants to be part of the underworld and take such high risks "might" be interested in cryptos but then again, if they do participate in money laundering in whatever form, you would not be able to post here, just as someone would not dare mention that they own so many kilos of cocaine. (b) Do you think that the Jeff Bezos, Elon Musk, Tim Cook and others who are investing billions on mining asteroids in space, (Tangible materials) are naive to using cryptos to enhance their wealth?

No, cryptos is a fad for dreamers, who can't afford a lottery ticket let alone know where to invest their money. I'll have to give you a point however that as a trader, knowing fools gold, you might be able to play the market of fools and make some "real money"  but that is another instance of being market savvy. ;)


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on January 22, 2019, 02:45:50 PM
The European Securities and Markets Authority (ESMA) has identified certain gaps and issues in the existing EU financial regulatory framework for cryptocurrencies and considers that further measures need to be taken in the sector to ensure investor protection. This became clear from ESMA’s Advice to EU Institutions (Commission, Council and Parliament) on initial coin offerings and crypto-assets that was published recently.

ESMA’s move comes as a result its cooperation with National Competent Authorities (NCAs) of EU Member States on analyzing the business models of crypto-assets, the risks involved and potential benefits that they may introduce, in the context of the existing regulatory framework.

The document published outlines two main problems with cryptocurrencies.
 (https://www.forexbrokerz.com/news/ESMA-calls-for-common-approach-on-cryptocurrencies)
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 11, 2019, 03:08:53 PM
He just wanted a secure way to transfer his savings. :'(

https://www.bloomberg.com/news/articles/2019-02-09/software-engineer-loses-life-savings-in-quadriga-imbroglio

Regards,

HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: reinerh on February 11, 2019, 03:24:47 PM
He just wanted a secure way to transfer his savings. :'(

https://www.bloomberg.com/news/articles/2019-02-09/software-engineer-loses-life-savings-in-quadriga-imbroglio

Regards,

HumbleTrader

yeah i read that yesterday, what a mooron. never heard of a wire transfer...................
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 11, 2019, 09:34:00 PM
He just wanted a secure way to transfer his savings. :'(

https://www.bloomberg.com/news/articles/2019-02-09/software-engineer-loses-life-savings-in-quadriga-imbroglio

Regards,

HumbleTrader

yeah i read that yesterday, what a mooron. never heard of a wire transfer...................

You are soooo.. old fashion; where is the excitement in that? If you want the thrill of your life, go where the fashion trends..BTC's of course.  ;)  :P


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: drunkfx on February 12, 2019, 10:38:21 AM
He just wanted a secure way to transfer his savings. :'(

https://www.bloomberg.com/news/articles/2019-02-09/software-engineer-loses-life-savings-in-quadriga-imbroglio

Regards,

HumbleTrader

yeah i read that yesterday, what a mooron. never heard of a wire transfer...................

Nah he wanted to save up on costs, probably avoid taxes etc. It may be costly to transfer these money abroad probably 1K or more for fees. Making it through exchange would be cheaper but riskier. Less fees more risk everything is fair.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Nasdaq100 on February 12, 2019, 10:56:47 AM
He just wanted a secure way to transfer his savings. :'(

https://www.bloomberg.com/news/articles/2019-02-09/software-engineer-loses-life-savings-in-quadriga-imbroglio

Regards,

HumbleTrader

yeah i read that yesterday, what a mooron. never heard of a wire transfer...................

Nah he wanted to save up on costs, probably avoid taxes etc. It may be costly to transfer these money abroad probably 1K or more for fees. Making it through exchange would be cheaper but riskier. Less fees more risk everything is fair.

I disagree, he should have had tested with a smaller portion first. instead of putting all his life savings at once.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on February 12, 2019, 02:32:41 PM
I don't get people investing everything they have in a single thing. Have they ever heard of diversification?
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 12, 2019, 02:37:42 PM
I don't get people investing everything they have in a single thing. Have they ever heard of diversification?

That's just it, he wasn't looking to invest,  just trying to transfer his money from one jurisdiction (USA) to another (Canada) but I guess he was out to prove as a "Mr. Knowhow" programmer, how efficient and safe the crypto world is. Now he knows!  :'(


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 13, 2019, 11:35:43 AM
for transfer, he could use any top crypto exchange. Bittrex, Poloniex, Kraken, Bitstamp... He could use XRP the cost would be under cent and he would get funds in seconds. Or any other crypo, the cost would be max few cents or in case of BTC few dollars if he wanted a fast transfer. Or if he wouldn't want to risk price fluctuation he could use stable coin like USDT, USDC... The ratio is 1:1. Than convert crypto to FIAT and send funds to his bank...

Why he didn't use top exchanges? He can add as many bank accounts as he wants... I have 3 bank accounts from different countries listed on the same exchanges and no problems, but they are all in EU. He would just deposit FIAT from USA bank and withdraw to a Canadian bank, no need to buy crypto even or maybe in case they denied he would buy USDT hold it for 1h and sell it back to USD...
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 13, 2019, 12:36:04 PM
for transfer, he could use any top crypto exchange. Bittrex, Poloniex, Kraken, Bitstamp... He could use XRP the cost would be under cent and he would get funds in seconds. Or any other crypo, the cost would be max few cents or in case of BTC few dollars if he wanted a fast transfer. Or if he wouldn't want to risk price fluctuation he could use stable coin like USDT, USDC... The ratio is 1:1. Than convert crypto to FIAT and send funds to his bank...

Why he didn't use top exchanges? He can add as many bank accounts as he wants... I have 3 bank accounts from different countries listed on the same exchanges and no problems, but they are all in EU. He would just deposit FIAT from USA bank and withdraw to a Canadian bank, no need to buy crypto even or maybe in case they denied he would buy USDT hold it for 1h and sell it back to USD...


"You have bank accounts", you mean those silly "government secured accounts", backed by an insurance of funds up to a certain amount; of all the "more secure" exchanges you listed, which one guarantees your funds up to a certain amount?  ???

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: reinerh on February 13, 2019, 01:22:04 PM

humble,

you need to read up on bail ins.

thats whats coming in the next crash, and you can kiss your bank guarantee goodbye.

only what you can hold physically in your hands will matter.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 13, 2019, 02:50:19 PM

humble,

you need to read up on bail ins.

thats whats coming in the next crash, and you can kiss your bank guarantee goodbye.

only what you can hold physically in your hands will matter.

LOL . You should read, way back, what I told CanadianPsycho about that which is inside my mattress and scratches my rear end at night; it's yellow, solid and shines.  :D

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: reinerh on February 13, 2019, 03:53:24 PM

good for you humble,

you are ready then.

most folks are not and it will hit them by surprise.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 13, 2019, 05:22:19 PM
I have also golden bars, but I diversify in all I think has potential. Gold has the price we give to it, yes it has a track record for at least 10k years, but crypto has also price that we gave and currently with all the progress in technology it will be much better and faster and secure to carry a USB stick than 1kg of pure gold. If we consider going to Mars and interplanetary travel it will be safer to pay via ledger than carry useless metal to space... So blockchain will stay and if you think a quantum computer can destroy it then it will adapt and use quantum computing to encrypt. So trusting government all my money is a no go. I use banks to transfer from point A to B if it's cheap like SEPA and to pay for products. In case of a crisis the amount I have there is not a big concern to me. The bigger problem would be real estate property because if tenants go out of work than no steady income from rent and this can be a shitstorm. So cash is also a must in that case. I wonder how will this work in Sweden if banks lock funds and stores don't accept cash... 
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: FxTS on February 13, 2019, 05:29:35 PM
The main problem of golden bars is the lack of liquidity. The "spreads" for them are huge, and you could not sell them partially.
At the same time, it is a great reserve for extremely tough times like global crisis or something like that. For such purpose, you can also use collectable golden and silver coins, because the will have additional value (as a piece of art).
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: reinerh on February 13, 2019, 06:13:51 PM

shiny stuff has other issues too.

it needs to be stored, and you cant tell anybody pretty much, or be subject to being robbed.

back home i remember the crooks being in cahoots with the home insurance, they knew exactly which places to rob.

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 13, 2019, 06:45:16 PM

shiny stuff has other issues too.

it needs to be stored, and you cant tell anybody pretty much, or be subject to being robbed.

back home i remember the crooks being in cahoots with the home insurance, they knew exactly which places to rob.

True but we are more forward looking here, apparently talking "Mars" or "Interplanetary travel": I would not bring a memory stick or any such "hot air"; I wonder what a chocolate bar will be worth to someone away from Earth after months or years?  ;)

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 13, 2019, 06:53:56 PM
 I guess price of chocolate will be production cost plus vendor margin... Finally a mars chocolate bar made in Mars ;) But how to pay for it without banking intranet :) only way is to create new one on the planet and a ledger that syncronizes it to Earth balance ;)
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 13, 2019, 06:56:33 PM
I guess price of chocolate will be production cost plus vendor margin... Finally a mars chocolate bar made in Mars ;) But how to pay for it without banking intranet :) only way is to create new one on the planet and a ledger that syncronizes it to Earth balance ;)

My apology for my rudeness for not welcoming you down here on Earth, welcome Martian.  :D

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 13, 2019, 07:04:37 PM

humble,

you need to read up on bail ins.

thats whats coming in the next crash, and you can kiss your bank guarantee goodbye.

only what you can hold physically in your hands will matter.

Good point, reinerh... here is a quick read for anyone interested:

Why Bank Bail-Ins Will Be the New Bailouts

https://www.investopedia.com/articles/markets-economy/090716/why-bank-bailins-will-be-new-bailouts.asp

Regards,
HumbleTreader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: iMusingKiMi on February 13, 2019, 08:34:00 PM
It seems like BTC price ranging for quite a long time. Anyone have any idea how long it will be ranging more?
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 13, 2019, 08:55:31 PM
It will stop ranging on 15.06.2019 at 11:13  ;)
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 13, 2019, 09:06:33 PM
It will stop ranging on 15.06.2019 at 11:13  ;)


Lol! That does it, you are a true Martian.!   ;)

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 14, 2019, 12:26:29 PM
Dominos Pizza even faster and cheaper now https://twitter.com/ln_pizza?s=09
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 14, 2019, 12:44:20 PM
Dominos Pizza even faster and cheaper now https://twitter.com/ln_pizza?s=09

This I must admit this is a good step forward; it will save having to print and cash in pizza coupons. ;)
Nice marketing move for fad enthusiast. Best of all will be sending the pizza via drones.  :)

Let's get serious now, its getting beyond embarrassing.  >:(

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 14, 2019, 01:28:01 PM
More bad news for you Humble  ;)

https://www.dailymail.co.uk/wires/reuters/article-6704409/HSBC-forex-trading-costs-cut-sharply-blockchain-executive.html

https://www.cnbc.com/amp/2019/02/13/jp-morgan-is-rolling-out-the-first-us-bank-backed-cryptocurrency-to-transform-payments--.html
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 14, 2019, 01:38:11 PM
More bad news for you Humble  ;)

https://www.dailymail.co.uk/wires/reuters/article-6704409/HSBC-forex-trading-costs-cut-sharply-blockchain-executive.html

https://www.cnbc.com/amp/2019/02/13/jp-morgan-is-rolling-out-the-first-us-bank-backed-cryptocurrency-to-transform-payments--.html

Lol.!  Goes to prove oortunis, that you live in two different worlds and literacy is beyond your capabilities: Read throught all the posts here on this thread as well as "Bitcoin Discussion" and you will see (read that is, assuming you can see), that I have ALWAYS supported blockchain technology, maintaining that if anything will come about the "crypto fad", is that the blockchain technology will become mainstream.

Now, if you can find "one" post where I have stated otherwise, I will apologize, if you cannot, please do so!  ;)

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 14, 2019, 01:49:35 PM
Nice, slowly you will come to our side  ;D

I also agree we don't need 5k shitcoins, but 100 is OK. Maybe less If some join/migrate into one and offer best solution. BTC as old as it is will probably stay. It's mother of all and could have sentimental value also.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 14, 2019, 01:54:57 PM
Nice, slowly you will come to our side  ;D

I also agree we don't need 5k shitcoins, but 100 is OK. Maybe less If some join/migrate into one and offer best solution. BTC as old as it is will probably stay. It's mother of all and could have sentimental value also.

Lol. " Our Side"? On this planet, we only talk from one side of our mouths; I guess on Mars, you speak from both sides. 8)

Enjoy the day... it's fun.

Regards,
HumbleTrader

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 14, 2019, 02:02:38 PM
https://www.coindesk.com/nasdaq-to-add-bitcoin-and-ethereum-indices-to-global-data-service
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 15, 2019, 09:34:40 PM
https://www.coindesk.com/nasdaq-to-add-bitcoin-and-ethereum-indices-to-global-data-service

Whatever, am I to get from the above propaganda, here is another "human tragedy", read for you:


Economy
The painful (and costly) lessons I learned from a cryptocurrency scandal

https://www.macleans.ca/economy/the-painful-and-costly-lessons-i-learned-from-a-cryptocurrency-scandal/ 

Regards,
Humble Trader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 15, 2019, 10:28:27 PM
https://cointelegraph.com/news/grayscale-q4-2018-report-institutional-investors-provide-66-of-capital-inflow
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 15, 2019, 10:46:40 PM
https://cointelegraph.com/news/grayscale-q4-2018-report-institutional-investors-provide-66-of-capital-inflow

You substitute one propaganda source, with another. Who monitors and fact checks, Grayscale Investments? Maybe it's Trump?  :P


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 17, 2019, 05:42:57 PM
Quadriga's late founder used to store clients' Bitcoin passwords on paper so they wouldn't get lost.

If it "ain't" physical and you can't hold it in your hand, it's not worth a cent.... and in Canada, we got rid of them (cents) because the copper used to make them was worth more than their fiat value. Now on Mars, that's another story; I surmise the paper will be worth more than the codes of cryptos written upon them.  :D

https://business.financialpost.com/technology/blockchain/quadrigas-late-founder-used-to-store-clients-bitcoin-passwords-on-paper-so-they-wouldnt-get-lost


Regards,
HumbleTrader



Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: drunkfx on February 17, 2019, 08:24:42 PM

humble,

you need to read up on bail ins.

thats whats coming in the next crash, and you can kiss your bank guarantee goodbye.

only what you can hold physically in your hands will matter.

LOL . You should read, way back, what I told CanadianPsycho about that which is inside my mattress and scratches my rear end at night; it's yellow, solid and shines.  :D

Regards,
HumbleTrader

Do you really hold physical gold at home under your mattress or you just kidding? Storing gold at home should come with some expenses like protection costs, basically you are betting at very low-probability of financial crash globally, I doubt these fears are justified.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 17, 2019, 09:04:33 PM

humble,

you need to read up on bail ins.

thats whats coming in the next crash, and you can kiss your bank guarantee goodbye.

only what you can hold physically in your hands will matter.

LOL . You should read, way back, what I told CanadianPsycho about that which is inside my mattress and scratches my rear end at night; it's yellow, solid and shines.  :D

Regards,
HumbleTrader

Do you really hold physical gold at home under your mattress or you just kidding? Storing gold at home should come with some expenses like protection costs, basically you are betting at very low-probability of financial crash globally, I doubt these fears are justified.

Hello, drunkfx.

Recession, global crash etc., are only "minor" issues, when it comes to security of one' life and loved ones. The world is as secure as the next local or global catastrophic event and one should at least try to anticipate possibilities which make them sleep at ease. I am not paranoid about life but in fact welcome the unexpected but like buying car insurance or house insurance, which I have been doing for over 40+ years without a claim, I think having some hard asset is the responsible thing to do. I'll let you sleep on the query if I store it under my mattress, my garden or the two acres golfcourse next to my home, given what I just wrote about being "cautious".  ;)
Now, back to cryptos, well perhaps I should invest in some as well, who knows some day the Martians may land and ask to be paid In BTC's.  :P


Regards,
HumbleTrader

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 18, 2019, 09:41:34 AM
Come, come to the dark side, we have cookies  8)

But you should invest some pocket change definitely. Cost average down. I doubt 20-50$ will hurt you, but you will gain a new experience.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 18, 2019, 12:10:31 PM
Come, come to the dark side, we have cookies  8)

But you should invest some pocket change definitely. Cost average down. I doubt 20-50$ will hurt you, but you will gain a new experience.

Lol. I don't believe in waste and wasteful thinking. I get a better thrill "investing" that amount each month in World Vision and supporting a child:. What an investment, can you imagine, one day this child will grow up, out of poverty and ready to make this a better world for all of us. That way, my plan is to remove one possible human tragedy at a time.

What say you, come out of the dark side and unto"the Light" and support a child, with "your" pocket change; don't wast it on hot air like BTC's but WV's (World Visions)!  ;)

Love is the ink, wisdom is the message.


Regards,
HumbleTrader

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 18, 2019, 02:27:00 PM
I will once I have enough capital for me. That is why I trade, so I can become financially independent. I have my own children to take care off and every pocket change I have I invest in a better future for my family... 

To be financially independent where I live you need at least 1 million and if you get "safe" 3% p.a. it will be about 2k/month after taxes... So either I do this for another 30-40 years via traditional investments, which to be honest are not working quite well. Since 2008 I'm still in the red. Or I get a shortcut with crypto and hopefully in 5 years I can be "free"...

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 18, 2019, 02:35:38 PM
I will once I have enough capital for me. That is why I trade, so I can become financially independent. I have my own children to take care off and every pocket change I have I invest in a better future for my family... 

To be financially independent where I live you need at least 1 million and if you get "safe" 3% p.a. it will be about 2k/month after taxes... So either I do this for another 30-40 years via traditional investments, which to be honest are not working quite well. Since 2008 I'm still in the red. Or I get a shortcut with crypto and hopefully in 5 years I can be "free"...


I know where you are coming from, I raised three, now adults, working three jobs but be careful, with imaginations of overnight financial independence; allow time to enjoy your children,  else when you achieve financial independence, you will feel the emptiness of not being there for them, as a parent.

Now back to "Bitter Coins".

Enjoy this day my friend, from the dark side. :)

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on February 19, 2019, 04:13:18 PM
Two pension funds in Virginia, US will take part in a new 40 million USD venture capital fund (https://theforexreview.com/2019/02/12/us-pension-funds-invest-in-crypto-assets-for-the-first-time/) focused on the crypto on market and managed by Morgan Creek Digital.

According to a statement by Morgan Creek Digital other investors in the fund include an insurance company, a university endowment and a private foundation.

Until now many institutional investors avoided the crypto market as a whole, because of the speculations of market manipulations and the general lack of transparency and regulation.

Now the two Virginia pension funds join several other institutions in the US, including Yale University, that invested in digital assets last year.

This doesn't seem like a very good idea.

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 19, 2019, 04:46:47 PM
Two pension funds in Virginia, US will take part in a new 40 million USD venture capital fund (https://theforexreview.com/2019/02/12/us-pension-funds-invest-in-crypto-assets-for-the-first-time/) focused on the crypto on market and managed by Morgan Creek Digital.

According to a statement by Morgan Creek Digital other investors in the fund include an insurance company, a university endowment and a private foundation.

Until now many institutional investors avoided the crypto market as a whole, because of the speculations of market manipulations and the general lack of transparency and regulation.

Now the two Virginia pension funds join several other institutions in the US, including Yale University, that invested in digital assets last year.

This doesn't seem like a very good idea.


I think you miscopied, "USD venture capital fund"; are you sure it didn't read, " USD adventure
capital fund"?  ;)

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 19, 2019, 05:54:10 PM
This will be funny to read in 10 years :)
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on February 20, 2019, 11:48:16 AM
This will be funny to read in 10 years :)

The question is to whom? The people who watched this happen or the people who invested in these funds. It's possible we'll see another bubble like Bitcoin two years ago and if they cash out on time they'll be fine, but if they don't they definitely won't be laughing.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 20, 2019, 04:37:42 PM
If there will be another crypto bubble, that means crypto is here to stay and another bubble after that will hapen and so on. Same as with any investment like stock, real estate, metal... Normal cycle...
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 20, 2019, 04:57:18 PM
If there will be another crypto bubble, that means crypto is here to stay and another bubble after that will hapen and so on. Same as with any investment like stock, real estate, metal... Normal cycle...

I don't know how you refer to cryptos as "investments" in the first place, when all they are is a bunch of letters and numbers backed by "what". A dollars is backed up by the central bank of the country that issues it. That country has resources both man and material to support its "currency", what supports a Bit Coin, "buy and pray"?

Don't bother answering this, enough hot air for the day... I want to focus on FOMC and their hot air.  :P

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 20, 2019, 09:14:30 PM
FED can print forever and it's private, not goverment proprety... BTC has limited supply, transparent, can't be corrupted, accesible to all... Why trust corrupted entity if you can avoid it. Why pay to regulate or audit if it can be autmated and free...
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 20, 2019, 10:11:12 PM
FED can print forever and it's private, not goverment proprety... BTC has limited supply, transparent, can't be corrupted, accesible to all... Why trust corrupted entity if you can avoid it. Why pay to regulate or audit if it can be autmated and free...

"Can't be corrupted,"? I guess news doesn't travel fast enough to Mars, and that something is "free" must be another Martian notion. Here on Earth, "In God-Trump we trust, everyone else pays cash!"  ;)

I hope you are long BTC$.  8)

Enjoy! :)

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 20, 2019, 10:35:05 PM
Try to corrupt BTC. Insert double spend if you can  8) Try to do it on a PoS algo. Yes it is free to audit, just go to any block explorer and check data. You can pay in crypto too and Trump uses them also I heard 8) Not to mention u can have debitcard connected to cryptowallet and u can buy all from vendors that accept visa/mastercard. They won't even know it. Once China has enough and bankrupts USA u know what will happen. Look no further than Venezuela...
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 20, 2019, 10:41:16 PM
Try to corrupt BTC. Insert double spend if you can  8) Try to do it on a PoS algo. Yes it is free to audit, just go to any block explorer and check data. You can pay in crypto too and Trump uses them also I heard 8) Not to mention u can have debitcard connected to cryptowallet and u can buy all from vendors that accept visa/mastercard. They won't even know it. Once China has enough and bankrupts USA u know what will happen. Look no further than Venezuela...


HACKING MILLIONS UPON MILLIONS$ = CORRUPTION!  :P The next English lesson to come.   :)

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 20, 2019, 10:45:47 PM
Haking is not corruption it is equivalent more to robbing a bank. And if you know you are your own bank it is up to u to secure the password somewhere safe and offline.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 20, 2019, 11:12:24 PM
Haking is not corruption it is equivalent more to robbing a bank. And if you know you are your own bank it is up to u to secure the password somewhere safe and offline.


"Haking is not corruption it is equivalent more to robbing a bank." So if I hack into your bank account and steal your money, I will be charged with bank robbery not corruption? Man, you are in the wrong business, Trump can use your talent. Lol ;D ;D ;D ;D

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 21, 2019, 04:51:22 AM
Corrupting means to bribe, blackmail for personal gain. Blockchain doesn't care about this.

And hacking a bank and stealing money goes to same punishment as robbing or even more severe, depending on funds stolen...
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: FxTS on February 21, 2019, 06:40:51 AM
If to talk about legal defitions, oportunis says right.
Corrupting - providing illiegal gain to someone to make action in your favor. For example, if public official got money for decision in favor of the person giving these money - this is a corruption. If someone would pay to the employee of the bank to get information - it would be a bribe too.
At the same time, if someone would hack the bank defence system himself, without any assistance, it would be hacking.

Both of them are white-collar crimes, but the difference is that there are two person in corrupting (one who gives money and another who get it), while the one is enough for hacking.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 21, 2019, 12:31:16 PM
Corrupting means to bribe, blackmail for personal gain. Blockchain doesn't care about this.

And hacking a bank and stealing money goes to same punishment as robbing or even more severe, depending on funds stolen...

Try to better your assumptions both you and FxTs.

Hacking is not a "solo" venture and could take the form of bribing employees, collecting and sifting through the garbage of an enterprise and a million other ways to gain access to an institution's or an individual's account. The basic concept here is "stealing" and stealing as a corrupt act, no matter how you slice it. True it takes two or more individuals to corrupt but who says that hacking is an individual act. You two are now "corrupting" our minds with falsities about the efficacy of cryptos: Look that up in the English literature. LOL  ;)

Regards,
HumbleTrader





Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 21, 2019, 12:53:18 PM
 You can't corrupt BTC... You can hack an 3rd party owning private key. Several exchanges were hacked and the best ones refunded stolen funds. Also when you steal and transfer BTC you can see where it is. You can notify all exchanges to block those addresses. Hacking can be also a solo adventure so it depends who and what for is it done. Person might be corrupted by selling info to gain access but they are not prosecuted for hacking if they didn't do it. Only for corruption and leaking secret info. While hacker gets prosecuted for hacking and all process behind it.

And crypto is more efficient in all. It will take only time util we switch. Which digital asset will we use I don't know. Might be e-euro.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 21, 2019, 01:07:02 PM
You can't corrupt BTC... You can hack an 3rd party owning private key. Several exchanges were hacked and the best ones refunded stolen funds. Also when you steal and transfer BTC you can see where it is. You can notify all exchanges to block those addresses. Hacking can be also a solo adventure so it depends who and what for is it done. Person might be corrupted by selling info to gain access but they are not prosecuted for hacking if they didn't do it. Only for corruption and leaking secret info. While hacker gets prosecuted for hacking and all process behind it.

And crypto is more efficient in all. It will take only time util we switch. Which digital asset will we use I don't know. Might be e-euro.

Again, you are "corrupting" the message: We are not talking about digital currencies, that is inevitable, I would agree. Digital currencies which have all the attributes of fiat currencies, will emerge and be accepted; in a way, credit/debit/and other forms of digital accounts are already in use, each of which is backed by "legitimate" and accountable institutions. Cryptos on the other hand, are not accountable to any agency and will be scrutinized and put down by the authorities. But then again, you could always turn to trading baseball or hockey cards. LOL  ;D

Perhaps the following may shed "light" in your darkness of crypto:

https://cointelegraph.com/news/report-bitcoin-unable-to-solve-problems-of-traditional-payment-systems

Regards,
HumbleTrader

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on February 21, 2019, 01:28:51 PM
If there will be another crypto bubble, that means crypto is here to stay and another bubble after that will hapen and so on. Same as with any investment like stock, real estate, metal... Normal cycle...

I don't trust cryptos at all, but I do think they are here to stay. The reason is simply human nature - human greed, more precisely.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 21, 2019, 01:43:58 PM
You have solutions in crypto that can have all the benefits of FIAT and add transparency and decentralization to it. BTC is digital asset and traded like commodity. It's not for micro transactions although with lightning network it could be used for that. It depends on us if we decide. The blockchain is better than monetary system we have now. We aim for changes and if more demand it than it will happen in the future. I don't want my money in banks being used as bailout or my tax money. I don't want to pay for banking if they use my money for their benefit.

On a side note I hear Lego toys are hot for trading. Those series that are not being produced are going for 200+% ROI :)
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 21, 2019, 02:53:27 PM
You have solutions in crypto that can have all the benefits of FIAT and add transparency and decentralization to it. BTC is digital asset and traded like commodity. It's not for micro transactions although with lightning network it could be used for that. It depends on us if we decide. The blockchain is better than monetary system we have now. We aim for changes and if more demand it than it will happen in the future. I don't want my money in banks being used as bailout or my tax money. I don't want to pay for banking if they use my money for their benefit.

On a side note I hear Lego toys are hot for trading. Those series that are not being produced are going for 200+% ROI :)

I don't think  you read my attached article, please do. It will debunk some of your assumptions, especially that of "lightning network" etc. If you add " transparency and decentralization " you are not talking about cryptos anymore but about the blockchain technology which we both agree on.


https://cointelegraph.com/news/report-bitcoin-unable-to-solve-problems-of-traditional-payment-systems

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 21, 2019, 04:24:52 PM
 I read it and I wrote that there are altcoins that can process a lot more than that is processed now by banks... BTC is only the first cryptocurrency and there are much better ones out there.  That is why I wrote BTC is like digital  gold and lightning network already works fine in beta. Focus on proof of stake not proof of work only. Crypto is not only BTC.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Ggeyda on February 22, 2019, 05:50:50 AM
I think that it will take a lot of time for the people to adapt to it on a mass level. There are a lot of technicalities which need to be considered or given due attention. The biggest issue will be the money laundering which is a dark side of the cryptocurrency world.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 22, 2019, 09:52:17 PM
I think that it will take a lot of time for the people to adapt to it on a mass level. There are a lot of technicalities which need to be considered or given due attention. The biggest issue will be the money laundering which is a dark side of the cryptocurrency world.

Crypto is more transparent than FIAT money laundering. You can find who is doing any illegal stuff with crypto much faster than with banks. For example with banks, you need to issue a police investigation, get a warrant, so a specific bank show the specific account and this is only for one bank, they do not show the balance of other banks nor their transfers, so you need to get for all banks involved and this takes time...

In crypto, you get a warrant and exchange shows the balance, once you have the wallet address you can track the funds forever. You cannot hide them and don't need a warrant for every exchange, because you can see it online via block explorer.

So saying the biggest issue is money laundering and the black market is not true and it shows how mainstream media is brainwashing people about crypto.   
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 22, 2019, 10:49:48 PM
I think that it will take a lot of time for the people to adapt to it on a mass level. There are a lot of technicalities which need to be considered or given due attention. The biggest issue will be the money laundering which is a dark side of the cryptocurrency world.

Crypto is more transparent than FIAT money laundering. You can find who is doing any illegal stuff with crypto much faster than with banks. For example with banks, you need to issue a police investigation, get a warrant, so a specific bank show the specific account and this is only for one bank, they do not show the balance of other banks nor their transfers, so you need to get for all banks involved and this takes time...

In crypto, you get a warrant and exchange shows the balance, once you have the wallet address you can track the funds forever. You cannot hide them and don't need a warrant for every exchange, because you can see it online via block explorer.

So saying the biggest issue is money laundering and the black market is not true and it shows how mainstream media is brainwashing people about crypto.

This is interesting: "In crypto, you get a warrant and exchange shows the balance, once you have the wallet address you can track the funds forever. You cannot hide them and don't need a warrant for every exchange, because you can see it online via block explorer. "


Please enlighten us how I can track down the wallet of "oportunis", who since the hack, transferred the loot  to a wallet in a small village in Bangladesh and from there to 20 different accounts all over the world in 20 seconds?  ::)


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 23, 2019, 01:04:43 AM
Exactly as you wrote. You know where the funds are and you can track them forever. You know what they were used for and you can report the wallets as soon as the funds move to it. CIA, FBI, INTERPOL... can track them with ease and that is how silk road went down...

Explain where the funds from UBS which laundered money and got fined with 3.7 billion are? How can I track them?
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 23, 2019, 01:18:27 AM
Exactly as you wrote. You know where the funds are and you can track them forever. You know what they were used for and you can report the wallets as soon as the funds move to it. CIA, FBI, INTERPOL... can track them with ease and that is how silk road went down...

Explain where the funds from UBS which laundered money and got fined with 3.7 billion are? How can I track them?

What dreams are made off:

"If I install the client on a separate system which only connects to the internet through TOR and obtain my bitcoins by mining them from a pool like Eligius (no accounts/email necessary, they only ask for a bitcoin address) then it would be very difficult indeed to trace those funds to me."  :P


Five ways to acquire and use Bitcoins anonymously:

  1-   Install Tor and use it for all subsequent browsing steps
  2-   Visit Instawallet to anonymously create a Bitcoin wallet
  3-   List $100 cash for sale on Silk Road Market ( Although silk road no longer exists, other darkweb markets are available).
  4-   Mail the cash through any US Postal Service drop box
  5-   When the Silk Road bitcoin payment arrives, withdraw it to your Instawallet



Regards,
HumbleTrader

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 23, 2019, 07:55:41 AM
Lol. You will lose 100$ with no escrow. Plus 100$ nobody cares, but if you start selling 100x100$ each day u have no chance.
U can sell p2p no need for darkweb, but than again how can someone sell 100 million worth of BTC? Hackers and scamers get cought eventually. They can buy only so much at vendors that accept crypto and u have to be located in that area to buy and if u shop online a receivig address is needed and BOOM u are caught...

U have no chance compairing crypto to fiat. CASH is number one when doing illigal activities.

On a side note TOR or onion browsing can be tracked if needed ;)
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 23, 2019, 12:59:46 PM
Lol. You will lose 100$ with no escrow. Plus 100$ nobody cares, but if you start selling 100x100$ each day u have no chance.
U can sell p2p no need for darkweb, but than again how can someone sell 100 million worth of BTC? Hackers and scamers get cought eventually. They can buy only so much at vendors that accept crypto and u have to be located in that area to buy and if u shop online a receivig address is needed and BOOM u are caught...

U have no chance compairing crypto to fiat. CASH is number one when doing illigal activities.

On a side note TOR or onion browsing can be tracked if needed ;)


(100 x LOl); DonnaFx has been hacked by a "person(s)" could be male/female or and of the LBGD etc., personalities:

On one hand "they" try to sell us the notion of  security and anonymity of transaction using cryptos; which by the way "crypto" ( def Greek hidden) and on the other, "they" try to convince us that crypto's can be tracked by the authorities and governmental agencies. ;D Similarly they try to convince us that there are "no"costs of transactions, that all this massive advertising to get us into using cryptos, is done out of the goodness of angels from beyond; must be Martians, wanting to spread the crypto word.

Please do not disturb the "disturbed"; they are too busy right now having their cake and eating it too, they seem to fall for earthly cake. We have now discovered their weakness and will be able to stop this planetary subjugation by these aliens by controlling the flow of sugar, thus  stopping the invasion of planet Earth, using cryptos, now that we have found their weakness,

The world is saved, now onto getting rid of their leader, MartianTrump; perhaps we can drown him by sending him back all these useless, gazillion, leftover hot-air cryptos! LOL :)  ;)  :D


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 23, 2019, 01:19:13 PM
Fact is we chose monetary system. If you would live in ancient Egypt, Rome, Greece and would say I have a paper that is equal to your gold coin and is better, because it's more "scalable", easier to carry etc. They would laugh you off. Going forward a few thousand years here we use the same paper backed by debt... And crypto is knocking on the door. Sounds familiar no ;)

Also, did you know that some "hot air" altcoins are backed by real physical gold...
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 23, 2019, 01:59:09 PM
Fact is we chose monetary system. If you would live in ancient Egypt, Rome, Greece and would say I have a paper that is equal to your gold coin and is better, because it's more "scalable", easier to carry etc. They would laugh you off. Going forward a few thousand years here we use the same paper backed by debt... And crypto is knocking on the door. Sounds familiar no ;)

Also, did you know that some "hot air" altcoins are backed by real physical gold...

Oh, now they are backed by gold... hmm, seems to me you have come full circle back to fiat currencies and the barter system. Now even the confused is confused.

Let's get this straight.

1- Digital currencies are and have been in existence for some time now.

2- Blockchain technology and newer forms of technology which can be regulated by governmental authorities are gaining traction and will be the way of the present/future.

3- Any attempt by any source, to evade governmental authority and regulation, will be combated and defeated.

4- All of the above are based on "risk tolerance" and acceptance. Most rational investors, want the highest return with the lowest risk. Transacting business in an open fashion and following rules and regulations, diminishes risk and rewards those who have the smarts, to work and prosper under the rules of law; laws used to level the playing field for all the citizenry in a democratic society.

So says I, HumbleTrader

Regards...
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 23, 2019, 03:26:54 PM
yes there are a few that have something backing it. In case of investors being prudent than ask why are institutions investing in crypto ;) Probably because they want hot air to heat themselves.

If crypto would be such a tabu and used for hiding money, why is China investing in blockchain and control and social points... Why is EU, US, RU...

But so far BTC hasn't dumped to 0. It seems people are greedy and want hot air. In case BTC surpases 20k what will you say?

As for laws, tell that to the Venezuelan citizens, the laws of goverment are really good for them. In fact US has such good laws all can prosper... not... Why have all the richest people offshore accounts and charity ventures if goverment is so good... The only way to suceed is to find a loophole and profit form it until it gets filled by laws, because why would people prosper if few can have control...
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 23, 2019, 03:51:22 PM
yes there are a few that have something backing it. In case of investors being prudent than ask why are institutions investing in crypto ;) Probably because they want hot air to heat themselves.

If crypto would be such a tabu and used for hiding money, why is China investing in blockchain and control and social points... Why is EU, US, RU...

But so far BTC hasn't dumped to 0. It seems people are greedy and want hot air. In case BTC surpases 20k what will you say?

As for laws, tell that to the Venezuelan citizens, the laws of goverment are really good for them. In fact US has such good laws all can prosper... not... Why have all the richest people offshore accounts and charity ventures if goverment is so good... The only way to suceed is to find a loophole and profit form it until it gets filled by laws, because why would people prosper if few can have control...

You are repeatedly confusing us and hard to follow:

1- At one point you claimed BTC will drop to 2k, now you are claiming 20k.

2- You are confusing crypto currency with the technology that drives it, blockchain: Blockchain can exist without cryptos but cryptos as defined today, cannot. Countries and commerce are adopting blockchain and other advanced technologies but they are not adopting cryptos.

3- Venezuela is not a democracy and is part of the veiled world of power struggle between the four players, Russia, China, US and EU. This has nothing or little to do with cryptos, unless you want to speak about the huge amounts of gold transferred out this past month from Venezuela.

I am sure our back and forth is good entertainment for those members who wish to follow this challenge but I think by now most are getting tired of our endless exchange, so I will end my contribution now, until you have something new, substantial and most importantly "clear" to post.

Good day, oportunis.. let me know when you come out into the Light, it's much brighter  out here.  :)


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 23, 2019, 05:39:30 PM
I'm not confusing anybody. I also went from being long EURUSD to short EURUSD... When market changes I adapt... It's the normal process in my opinion...

Also if you need to know I said I will be closing the majority of my shorts at 3k level, which I did. I closed the first basket at 3.5k and second at 3.3k. I went short again now once I saw 4k is resisting and will close at 3.7k. I also hold BTC since 2016 and I don't use any leverage on it because it's set and forget and will sell once we go past 20k.

If we get the next wave and BTC goes over 20k what will your opinion of hot air be? If we go to 50k will it change or will you be stubborn and miss all the profit because you think you are right? 

Cryptocurrencies are different, most are digital assets treated to be digital stock, bond or gold. It's logic that we cannot use a volatile instrument for payment, but crypto at least has that option. It can be used as an investment instrument and as a payment method if needed. For FIAT comparison you can use stable coins like USDT, USDC or freshly created JPMcoin... They are 1:1 and can compete with FIAT. I do not need them, there is no profit in them, so I stay out. I would use them only for international transfer to save cost nothing else.

USA is a democracy but average Joe cannot prosper in it. With a nett salary of around 2k per month, you can pretty much live from month to month. You will never get out of that circle unless you make drastic changes. That means you spend as less as possible for 10-15 years and than invest in some conservative investment, hoping the crisis won't eat it up or you need a lucky break.

In EU we have better chances, but not by much. The land is overcrowded and competition is enormous. Again that is for average Joe. If you have a good education you can move to a different country get a decent salary but you are stuck in the circle if you do not invest. Nobody is teaching financial education so 80% are living without a clue. Crypto made possible for millennials to move of the circle and to learn about trading, investing etc. Something that you defend is corrupt and keeping people in check. Oppressing their talent just to survive. God forbid if you have kids then you are done for. A modern slave, because you cannot afford to quit and leave family broke to starve...

That is why I root for crypto to succeed :) We are on opposite thoughts on this one, no worries. We'll see how it goes... Probably in 5 years from now. By then I think crypto will become established as good investment instrument or it will be forgotten like a tulip bubble.


Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 25, 2019, 01:12:42 AM
Here is a "crypto" use that can save lives!

Crypto-anchors may put an end to counterfeit pharmaceuticals

 "Thanks to a team of IBM researchers who are developing crypto-anchors: tamper-proof digital fingerprints that can be embedded into products and linked to a blockchain to prove their authenticity (the blockchain is a growing list of digital records called blocks, which are linked through encrypted code)."


http://www.bbc.com/future/story/20190222-the-ingenious-new-tricks-to-beat-disease

It's always more profitable to use a technology out in the Light.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on February 25, 2019, 09:15:26 AM
And many more use cases for blockchain from politics (voting, transparency in funds spending, global ID), health (unified medical data, DNA heritage), sharing, storage, computing power, finance(lending, transfers, payment)... I could go forever here...

But most projects weren't financed by VC, so in 2016 ICO started to be a popular capital rising method. Unfortunately, in 2017 every greedy businessman saw the opportunity to get free funds for fantasy paper. Now the purge is happening so I hope 95% of projects with fantasy papers will be gone. But those 5% will be a game changer!!! I'm looking forward to that :)

PS: another nice profit from crypto for me, while you wait :P
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on February 25, 2019, 12:08:16 PM
And many more use cases for blockchain from politics (voting, transparency in funds spending, global ID), health (unified medical data, DNA heritage), sharing, storage, computing power, finance(lending, transfers, payment)... I could go forever here...

But most projects weren't financed by VC, so in 2016 ICO started to be a popular capital rising method. Unfortunately, in 2017 every greedy businessman saw the opportunity to get free funds for fantasy paper. Now the purge is happening so I hope 95% of projects with fantasy papers will be gone. But those 5% will be a game changer!!! I'm looking forward to that :)

PS: another nice profit from crypto for me, while you wait :P

Remember and let's be clear, in this issue I have referenced  as well as many more out there, the success has nothing to do with cryptocurrencies, but the use of the blockchain technology which is used "in part" in the cryptocurrency sphere.

Always happy to hear our members are making money trading Fx. ;)



Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on March 05, 2019, 02:01:45 PM
So Kraken decided to offer a $100,000 reward for tips about the missing (or are they unreachable?) (https://theforexreview.com/2019/03/01/kraken-is-giving-100000-for-tips-about-the-190-mln-quadriga-case/)  $190 million Quadriga client funds.

This case is getting ever more curious.

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: reinerh on March 05, 2019, 02:48:10 PM
So Kraken decided to offer a $100,000 reward for tips about the missing (or are they unreachable?) (https://theforexreview.com/2019/03/01/kraken-is-giving-100000-for-tips-about-the-190-mln-quadriga-case/)  $190 million Quadriga client funds.

This case is getting ever more curious.

the dude never died i am quite certain,

he is currently on an island somewhere getting surgery to alter his appearance and enjoying his ill gotten gains.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on March 05, 2019, 05:36:11 PM
So Kraken decided to offer a $100,000 reward for tips about the missing (or are they unreachable?) (https://theforexreview.com/2019/03/01/kraken-is-giving-100000-for-tips-about-the-190-mln-quadriga-case/)  $190 million Quadriga client funds.

This case is getting ever more curious.

the dude never died i am quite certain,

he is currently on an island somewhere getting surgery to alter his appearance and enjoying his ill gotten gains.

Nahh. According to our "inhouse" expert ,cryptos are impossible to hide and will be traced in no time to whoever "didit". You can trust his experience.  :D

Mystery as Quadriga crypto-cash goes missing -

http://www.bbc.co.uk/news/technology-47454528


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on March 05, 2019, 05:54:25 PM
And FBI or whoever in Canada is stupid to not look at the body and check if it's real... The exchange wallet address is visible, so check if 190 million are there. This is the power of blockchain... If it starts moving then you know where to knock on the door...
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on March 05, 2019, 07:22:25 PM
And FBI or whoever in Canada is stupid to not look at the body and check if it's real... The exchange wallet address is visible, so check if 190 million are there. This is the power of blockchain... If it starts moving then you know where to knock on the door...

Will pass on your "intelligence" to all those concerned; I am sure with this critical info, the Mounties, will get their man. ;D

Would you prefer the 100K$ reward in Crypto or hard cash?



Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on March 06, 2019, 02:32:21 PM
Wire transfer would be the best. I can't invest in anything with 100k in cash, nobody will accept it except mafia. Then again it can be in crypto too, but I lose 0.05% on conversion rate.  ;D
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on March 06, 2019, 02:36:46 PM
Whether or not the Quadriga guy is actually dead is still up in the air, the circumstances around his death were certainly very suspicious.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on March 06, 2019, 02:57:01 PM
Wire transfer would be the best. I can't invest in anything with 100k in cash, nobody will accept it except mafia. Then again it can be in crypto too, but I lose 0.05% on conversion rate.  ;D

You are not thinking straight; this is a reward. A simple check or direct deposit, like "normal" commerce should do. You might have to contend with paying some fair share of your taxes, which you seem to object to but then again, there might not be enough funds in the civil coffers, to pay for your children's schooling, the roads upon which you travel, clean water and all the other "civil" benefits you derive but not appreciate. As to crypto, what a waste, the ins and outs of conversion will cost you most and you will have the added burden to find and exchange who will release the funds immediately, let alone months thereafter.

Nonetheless, we at DonnaFx, wish you the very best as our in-house crypto expert.  ;D

Regards,
HumbleTrader

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on March 17, 2019, 09:29:45 AM
https://medium.com/@thinkoutsidetheblox/why-bitcoin-and-crypto-have-no-future-4f95980bb774
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on March 18, 2019, 03:47:13 AM
https://medium.com/@thinkoutsidetheblox/why-bitcoin-and-crypto-have-no-future-4f95980bb774

You are repeatedly confusing technology and exploitation by the smart of the dumb: (a) As I have maintained all along, block-chain is being adopted, no question about that, (b) If Forex brokers spend millions on advertising because they know the returns are there from the milking 95% who lose in Forex, why are there also millions being spent by those pushing and promoting cryptocurrencies?

Let's see you come up for a link about that? ???

Regards,
Elias Leousis
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on March 18, 2019, 02:20:24 PM
The Commodity Futures Trading Commission (CFTC) in the US ordered 1pool Ltd and its founder and CEO Patrick Brunner  to pay 990,000 USD for illegally offering Bitcoin CFDs to retail clients in the USA. (https://theforexreview.com/2019/03/14/cftc-orders-1pool-ltd-to-pay-990000/)

Another charge is that 1pool Ltd is not registered as a futures commission merchant (FCM) in the US and did not comply with the required anti-money laundering (AML) procedures.
The CFTC fines 1pool Ltd with 175,000 USD civil monetary penalty and orders them to pay back 246 000 USD gains that they have made in an illegal way.

CFTC also requires 1pool Ltd to pay back US customers approximately 570,000 USD – the equivalent of 93 Bitcoins, which are held in client accounts by the company.
The fine and the paybacks amount to a total of 990,000 USD.


Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on March 18, 2019, 02:40:12 PM
The Commodity Futures Trading Commission (CFTC) in the US ordered 1pool Ltd and its founder and CEO Patrick Brunner  to pay 990,000 USD for illegally offering Bitcoin CFDs to retail clients in the USA. (https://theforexreview.com/2019/03/14/cftc-orders-1pool-ltd-to-pay-990000/)

Another charge is that 1pool Ltd is not registered as a futures commission merchant (FCM) in the US and did not comply with the required anti-money laundering (AML) procedures.
The CFTC fines 1pool Ltd with 175,000 USD civil monetary penalty and orders them to pay back 246 000 USD gains that they have made in an illegal way.

CFTC also requires 1pool Ltd to pay back US customers approximately 570,000 USD – the equivalent of 93 Bitcoins, which are held in client accounts by the company.
The fine and the paybacks amount to a total of 990,000 USD.

When will they ever learn? "POOR CRYPTO SUCKERS".

Regards,
HumbleTrader


Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: drunkfx on March 18, 2019, 06:32:35 PM
The Commodity Futures Trading Commission (CFTC) in the US ordered 1pool Ltd and its founder and CEO Patrick Brunner  to pay 990,000 USD for illegally offering Bitcoin CFDs to retail clients in the USA. (https://theforexreview.com/2019/03/14/cftc-orders-1pool-ltd-to-pay-990000/)

Another charge is that 1pool Ltd is not registered as a futures commission merchant (FCM) in the US and did not comply with the required anti-money laundering (AML) procedures.
The CFTC fines 1pool Ltd with 175,000 USD civil monetary penalty and orders them to pay back 246 000 USD gains that they have made in an illegal way.

CFTC also requires 1pool Ltd to pay back US customers approximately 570,000 USD – the equivalent of 93 Bitcoins, which are held in client accounts by the company.
The fine and the paybacks amount to a total of 990,000 USD.

Can't get my head around the thinking of those businessmen. They know that eventually they will be caught and charged with crime, pay fines etc. Is it worth to make the attempt then?
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on March 20, 2019, 02:18:41 PM
Cryptocurrency

Why and how the Cryptobubble will burst.



https://medium.com/@dennyk/why-and-how-the-cryptobubble-will-burst-de9bc7fc5332



Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on March 25, 2019, 02:33:22 PM
A recent report by the trading analytics platform The Tie shows that most of the trading volume on the world’s largest crypto currency exchanges is questionable.

The research group analyzed the internet traffic on the top 100 crypto exchange websites and found that that more than 75% of the reported trading volumes exceeded twice the expected amounts. As a whole the The Tie says nearly 90% of the exchanges’ volume is suspicious.

The Tie examined the weighted average trading volume per user visit at leading crypto exchanges like Binance, Kraken, Coinbase Pro, Gemini and Poloniex – approximately 590 USD – and compared it to the volume reported by other crypto exchanges.  It came out that 59% of the reported trading volumes at exchanges like BitMax and Lbank were 10 times higher than expected. (https://theforexreview.com/2019/03/25/report-most-crypto-trade-volume-is-suspicious/)
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: 2cuteEssence on March 27, 2019, 08:08:46 AM
Yes, cryptocurrencies will gain mass adoption, if big companies decide to invest in them. However, the current situation is quite questionable and I wonder why a trader would go for something so unstable and leave currencies that are traded with sureity. Anyway, the appetite for risk varies
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on March 27, 2019, 02:24:50 PM
Yes, cryptocurrencies will gain mass adoption, if big companies decide to invest in them. However, the current situation is quite questionable and I wonder why a trader would go for something so unstable and leave currencies that are traded with sureity. Anyway, the appetite for risk varies

The cryptocurrency industry promises big profits and people are greedy.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on March 28, 2019, 12:08:40 AM
CryptoKitties, Explained … Mostly

Why are $20 million and 180,000 people suddenly in the market for digital cats? We gamified the blockchain.

If you are rich, bored and depressed and want to burn some of your riches, "just for the fun of it", why not invest in CryptoKitties. Now, that I have introduced you to a new and exciting lifestyle, don't forget me (Humble Trader)   pss... I won't tell anyone, what a sucker you are, at least not in this forum.  :P

https://medium.com/the-new-york-times/cryptokitties-explained-mostly-d56d70024f36

I promise; a couple thousand real, tangible, USD hundred dollar bills, will buy my silence....  ;)

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Arsssele on March 30, 2019, 04:41:07 AM
Money laundering already existing in fiat currencies, but most importantly, it has ever existed since first paper money was issued. So, it is not a problem of crypto currencies, but general problem of all existing currencies. It is people who are to blame and not Bitcoin
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: drunkfx on March 31, 2019, 10:52:55 AM
CryptoKitties, Explained … Mostly

Why are $20 million and 180,000 people suddenly in the market for digital cats? We gamified the blockchain.

If you are rich, bored and depressed and want to burn some of your riches, "just for the fun of it", why not invest in CryptoKitties. Now, that I have introduced you to a new and exciting lifestyle, don't forget me (Humble Trader)   pss... I won't tell anyone, what a sucker you are, at least not in this forum.  :P

https://medium.com/the-new-york-times/cryptokitties-explained-mostly-d56d70024f36

I promise; a couple thousand real, tangible, USD hundred dollar bills, will buy my silence....  ;)

Regards,
HumbleTrader

Well fundamentals doesn't matter if you buy something not for the profit. Then future cashflows, risk, etc. becomes irrelevant in pricing. Another point is trust we all use money while they're not backed with something it's a kind of equilibrium where we all start to trust in something.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on April 01, 2019, 12:50:51 AM
https://www.youtube.com/watch?v=YHjYt6Jm5j8
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on April 02, 2019, 02:30:37 AM
https://www.youtube.com/watch?v=YHjYt6Jm5j8


Nice video, acting not bad "but"pure historical ignorance: Coins and Paper Money. Metals objects were introduced as money around 5000 B.C. By 700 BC, the Lydians became the first in the western world to make coins. ... Metal was used because it was readily available, easy to work with and could be recycled. Next, if the vendor in this video, reacted like this towards someone trying to push metals, how would he react if someone came and tried to pay him with "hot air"?

Ignorance is no excuse to falling into the pray of wolves out to take away your hard earned labor.

Next time,  do your research before you "Coinbase", start peddling your crypto trash and polluting our environment both physically and psychologically!

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on April 03, 2019, 11:03:21 PM
Don't buy bitcoin, warns wealth manager: We're likely 'going to see cryptocurrencies collapse'


https://www.cnbc.com/2019/04/02/dont-buy-bitcoin-says-wealth-manager-peter-mallouk.html


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on April 03, 2019, 11:45:41 PM
Once the next financial crisis explodes and banks lock funds the same as it happened in Greece and Cyprus than we'll see the true value and power of cryptocurrency ;)

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on April 04, 2019, 12:59:24 AM
Once the next financial crisis explodes and banks lock funds the same as it happened in Greece and Cyprus than we'll see the true value and power of cryptocurrency ;)

Yes, in those cases, BIG dads/moms, like the EU central bank and IMF, jumped in and before long these economies were able to get going. In the case of crypto's who will bail out those who lose their money as has already happened multiple times?


Dream on.


Regards,
Humbletrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on April 04, 2019, 07:18:09 AM
What banks? We the people paid for it... States bailed out, each country had to send specific amount as a loan, which will never get repaid...

Less money was lost in crypto than in fiat...
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: reinerh on April 04, 2019, 11:09:39 AM
What banks? We the people paid for it... States bailed out, each country had to send specific amount as a loan, which will never get repaid...

Less money was lost in crypto than in fiat...

lets not forget about the bail in which will happen next time around. almost nobody knows about this, but its already set in stone, it will happen.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on April 04, 2019, 11:35:26 AM
What banks? We the people paid for it... States bailed out, each country had to send specific amount as a loan, which will never get repaid...

Less money was lost in crypto than in fiat...

Like I said, "dream on"! Crypto usage, represents .0000000000001 of the world's transnational (if you can call it that), currencies.  "We" live on Earth and "we" are responsible for our actions, no matter if "we" are talking about currencies or climate change. But then there are some odd "evolutionary experiments" which take place in nature: I can't say it's a bad thing, nature functions like this; it's just an evolutionary experiment and takes place every billion or so years. Perhaps and that is a BIG perhaps, such new species "might survive" and take hold... perhaps you and your way of thinking (Me, myself and I), might also have to wait another billion of so years. In the mean time, like the ostrich, put your head back in the hole, the world is still here and functioning quite well without cryptos.

Must be dark in there, but then you have yourself and the ostrich next door to exchange paranoia.

Regards,
HumbleTrader

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on April 04, 2019, 11:41:52 AM
quite the opposite, cryptocurrencies are the normal evolution and the next phase of the human monetary system. More debt and crisis that happen more trust in crypto...
What we need is something that is not regulated by human and can't be bribed. Once human greed is out of the question then the next phase of human social evolution can start. Crypto is not about self, me and I, but about undisrupted, automated, fair and decentralised. 
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on April 04, 2019, 02:16:12 PM
quite the opposite, cryptocurrencies are the normal evolution and the next phase of the human monetary system. More debt and crisis that happen more trust in crypto...
What we need is something that is not regulated by human and can't be bribed. Once human greed is out of the question then the next phase of human social evolution can start. Crypto is not about self, me and I, but about undisrupted, automated, fair and decentralised.

Lol, try taking that to the bank. Crypto, is nothing more than greed, lack of trust and outright deception and theft.

Let's make it a day.. enjoy what life has to offer. 8)


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on April 05, 2019, 12:16:41 AM
quite the opposite, cryptocurrencies are the normal evolution and the next phase of the human monetary system. More debt and crisis that happen more trust in crypto...
What we need is something that is not regulated by human and can't be bribed. Once human greed is out of the question then the next phase of human social evolution can start. Crypto is not about self, me and I, but about undisrupted, automated, fair and decentralised.

Lol, try taking that to the bank. Crypto, is nothing more than greed, lack of trust and outright deception and theft.

Let's make it a day.. enjoy what life has to offer. 8)


Regards,
HumbleTrader
Just ask yourself what is used more for money laundering, organised crime, bribes, corruption and so on... FIAT or crypto?

It is the current system that is greedy, why did banks had such exposure and were buying junk packaged as a good investment? Why didn't they allow them to collapse? USA is anti socialism, but the bailout is pure socialism. So wtf is this crap? Instead of leaving the market to sort itself out as is normal in capitalism they got bailed out by taxpayers...

Where is all the fiat money that was stolen or that was used for illegal activities? In crypto, everything is transparent and sooner or later is found. Every time somebody steals or hacks is visible to all, while you don't even know how many times banks were hacked or got robbed...

It is in human nature to be greedy, you might have pure intentions but all have a breaking point. You can get blackmailed or family kidnapped, so all that is controlled by humans is potentially damaging. If we move away and let it be self-regulated, decentralised we will have a much better system... 

You are on the wrong side on this one. You are defending the system that is doing damage to us all... Imagine a world where you cannot cheat, bribe, steal and all is transparent for you to take responsibility for your actions...
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on April 05, 2019, 02:00:22 AM
You are on the wrong side on this one. You are defending the system that is doing damage to us all... Imagine a world where you cannot cheat, bribe, steal and all is transparent for you to take responsibility for your actions...


Imagination is good, in fact, Google "Imagination is the way" and you will find my stories. Having said that, "Imagine a world where you cannot cheat, bribe, steal and all is transparent for you to take responsibility for your actions", this is a contradiction to everything you said previously: Man, like all animals, lives by first satisfying his/her hunger/thirst and then considers the survival of others. Over time, we have been educated and learned about "collectively" working together to achieve this, it is called socialism. But socialism or any other form of "ism" only works if at least 70%+ of the group is educated as to the goals of working together. In a capitalistic society, there is no "collective" but everyone for themselves, this leads to a lot of infighting and waste.

Yes, I can "imagine", there is even a song as you probably know by the Beatles but I fear that those greedy "I, me, myself and I", who are mostly uneducated, will destroy us all or rather, nature will quash us because of our greedy nature, to use and exploit all, without "sharing" with the rest of the species of this blue planet.

Here you and I agree, " You are defending the system that is doing damage to us all... " but I doubt if I am defending the system but rather working "within" the established system to bring change.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on April 11, 2019, 02:59:50 PM
The Need for Objective Crypto Ratings
I'll invest in digital assets when I can trust them.


https://medium.com/digital-asset-news/the-need-for-objective-crypto-ratings-6d02996e69f4


The attached pic, list many of the cryptos out there, seeking your attention and "real" money. With his "sucker-popularity", I am launching a new and highly advanced crypto, called the Donnacoin. Get in at the bottom floor, before this launch takes hold.  PM., me with your offer, fiat USD money is preferable but gold coins will also be accepted. Open your leather wallets and make your offer.   ;)

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on April 24, 2019, 10:29:57 PM
https://www.fxstreet.com/cryptocurrencies/news/societe-generale-issues-tokenized-bonds-on-ethereum-blockchain-201904240345
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on April 24, 2019, 10:57:37 PM
https://www.fxstreet.com/cryptocurrencies/news/societe-generale-issues-tokenized-bonds-on-ethereum-blockchain-201904240345


"Societe Generale joined the group of large financial institutions experimenting with blockchain technologies and cryptocurrencies. "


This is in response by the IMF, for institutions to become familiar with blockchain and nothing more; it is limited within the institutions..  ie; take from one pocket and place it in another, on the same pants.  ;)


Here is a torrent of water to ease your enthusiasm:

Bitcoin Costs more to Mine than its Value

https://medium.com/digital-asset-news/bitcoin-costs-more-to-mine-than-its-value-e73b508ded14



Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on April 24, 2019, 11:08:20 PM
Yes that is called early adoption phase, hopefully, you won't be in laggards section ;) https://en.wikipedia.org/wiki/Technology_adoption_life_cycle#/media/File:DiffusionOfInnovation.png
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on April 26, 2019, 09:43:25 PM
Yes that is called early adoption phase, hopefully, you won't be in laggards section ;) https://en.wikipedia.org/wiki/Technology_adoption_life_cycle#/media/File:DiffusionOfInnovation.png

Lol. I will be sitting in my vehicle paid for with fiat money, watching all those poor suckers who risked their savings on cryptos, peddling street corners for "real" coins:  :'(

Cryptocurrencies shed $10 billion in an hour on worries over"‘stablecoin" tether.


https://www.cnbc.com/2019/04/26/cryptocurrency-bitcoin-price-falls-on-ny-ag-bitfinex-probe.html

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: ahtiong on April 27, 2019, 01:00:31 PM
Imo, Cryptocurrencies will be the future. Blockchain will revolutionize the world.

There are regulated crptocurrencies exchange like "link removed" which is backed by fxpig.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on April 27, 2019, 02:14:14 PM
Imo, Cryptocurrencies will be the future. Blockchain will revolutionize the world.

There are regulated crptocurrencies exchange like link removed which is backed by fxpig.


Hello, ahtiong.

We are allowed to post links to articles to support our point of view but not to market goods, including. cryptos. Please be careful, this can ban you from the forum.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Arsssele on April 28, 2019, 10:25:50 AM
I fully agree with Oportunis. Bribery and money laundering started with fiat money not with crypto currencies. Cryptos are neither better then worse from ordinary money. It is human greed to blame not any sort of currencies or monetary systems
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on May 07, 2019, 03:15:19 PM
Australia has seen a drastic rise in crypto scamming for the year 2018. (https://theforexreview.com/2019/04/30/australia-sees-a-rise-in-crypto-scam-reports-for-2018/) According to the Australian Competition and Consumer Commission, as well as other government agencies crypto scams have risen significantly the last year totaling 674 separate cases and reported losses are more than AU$6.1 million (US$4.3 million). This is an almost 200% increase to the losses suffered in 2017 (US$1.48 million). The information comes from the tenth annual “Targeting Scams” report of the ACCC.

Reading through the report it seems the gist of the scam is quite straightforward with online scammers appealing to traders through fake trading platforms and promises of major winnings on crypto currencies. Of course, once the consumer wishes to withdraw said winnings a technical problem occurs or the people behind the website simply stop answering. Some reports tell us that clients were asked by scammers to visit nearby bitcoin ATMs to convert fiat into cryptocurrency and transfer it to them. All in all, the ACCC reports that victims of investment scams for 2018 lost a total of $1.83 million in cryptocurrencies.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on May 08, 2019, 07:21:47 PM


Hackers-stole-41-million-bitcoin-worlds-largest-crypto-exchange

Nothing new here to report but the question lingers; are there so many gullible people out there, to come up with so many excuses as to why the billions of dollar thievery continous and they persist in risking their funds in hot air?  ::)

https://www.google.com/url?q=https://www.coindesk.com/hackers-steal-40-7-million-in-bitcoin-from-crypto-exchange-binance&sa=U&ved=2ahUKEwij3eKwxoziAhVlxFkKHd0aDR8QFjAAegQIBRAB&usg=AOvVaw1qQaRLlPKmrLQJutKX0d2t


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on May 09, 2019, 08:48:31 AM
Funds are SAFU
https://youtu.be/DelF6zEHXpE
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on May 09, 2019, 11:31:01 AM
Funds are SAFU
https://youtu.be/DelF6zEHXpE

Yup, "funds are Safu", in someone else's pocket or shall we say wallet! If you read the comments, there seems to be a consensus, that FUNDS ARE NOT SAFE, even among those who own cryptos. LOL


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on May 28, 2019, 03:37:22 PM
The Brazilian police have arrested 10 individuals in connection to a crypro pyramid scam that has defrauded Brazilian investors with over 850 million Brazilian Reals or roughly 210 million USD. (https://theforexreview.com/2019/05/23/police-in-brazil-revealed-210-mln-crypro-pyramid-scam/)

The arrests were made after a massive police operation, involving the tax authorities.

In the focuse of the police investigation are 13 people and 5 legal entities in connection to the fraudulent scheme, called “Indeal”.

More then 55 000 investors have fallen victims to the scam, after they were promised a 15% monthly payout.

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on May 28, 2019, 05:33:11 PM
Really good, while with traditional Ponzi scheme it would take years to solve it. Benefits of transparency with blockchain. Police like crypto it's much easier to track criminals. 
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on May 28, 2019, 07:06:44 PM
Really good, while with traditional Ponzi scheme it would take years to solve it. Benefits of transparency with blockchain. Police like crypto it's much easier to track criminals.

Yup. So says you, each time millions are stolen and as many people fall victim.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on May 28, 2019, 07:14:52 PM
And they get found most of the time. While if we compare the ratio with traditional FIAT scammers it takes more time to catch them or not at all. We are in 2019 and all who scammed in 2017 were mostly caught. Some are still at large, but so are many more FIAT scammers. If you embezzle millions rest assured crypto is much safer than FIAT, such money is not untraceable. 
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on May 29, 2019, 06:01:47 AM
And they get found most of the time. While if we compare the ratio with traditional FIAT scammers it takes more time to catch them or not at all. We are in 2019 and all who scammed in 2017 were mostly caught. Some are still at large, but so are many more FIAT scammers. If you embezzle millions rest assured crypto is much safer than FIAT, such money is not untraceable.


Like they say, "where is the beef"; show us some "Legitimate stats", from Interpol, instead of your "hotair-poll"!

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on May 29, 2019, 07:17:06 AM
A few pages up you have one... On Google you will find more.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: sidewalk-star on May 29, 2019, 09:45:00 AM
I think Cryptocurrencies (as they are currently know), will gain mass adoption. However, it won't be the likes of Bitcoin, or any other decentralised Crypto's that cross over into the mainstream money supply.

Central banks will want to outlaw such Cryptocurrencies, or at the very least limit their usefulness. We will all adopt electronic 'money', so to speak. However, banks and Governments will want complete control over the money supply and its value.

So, I would expect to see a much more regulated scene in future, whereby regular fiat currencies are just replaced with their electronic equivalent by the central banks in that country.

I'm not a big follower of Crypto's but the above makes sense to me. My apologies if it is a completely inaccurate comment, it's just my thoughts on the subject.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: ahtiong on May 29, 2019, 11:54:37 AM
Yes cryptocurrency will gain mass adoption. We are living in IOT era unless some new invention replace IOT.

Cryptocurrency regulations are getting more strict and just like the early days of forex when it started as unregulated market and now it become regulated markets.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on May 31, 2019, 01:10:34 AM
Quote

Cryptocurrency regulations are getting more strict and just like the early days of forex when it started as unregulated market and now it become regulated markets.

Opportunis, now I am really confused about you: In your earliest posts, you emphasized the "crypto" or anonymous aspect of cryptocurrencies as a liberation from government(s) control. Now you are espousing the virtuous of cryptos because they are becoming regulated; which is it?

If cryotos become regulated whereby the government knows who owns which wallet and knows the number of crypto in each wallet owned, how would that be different from owning fiat currencies? In fact, that would be worse: With fiat currencies, only your bank and the government knows how much you have in your account(s), with wide area ledger distribution using blockchain, anyone in any part of the world, will know your account details if they were to break into only one node in the blockchain. Worse still, will be the useless energy consumption to make millions if not billions of transactions, when making a simple bill payment which is done every minute at people's local bank via online banking, at which point, the current online banking system for the average user, is much superior.

Opportunis, in this reality, you can't have your cake and eat it too!  ::)


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on May 31, 2019, 07:21:20 AM
This is not my post. But yes it is better unless you have something to hide. Also you are focusing only on BTC and POW, while you have many better solutions, POS for example and even those transaction can be invisible but shown if needed. Monero you can't track, but if you have a private key you can show transactions to FBI if they demand it. The point here is decentralisation, so no bank or goverment freezes funds as they want to. Comes crisis you are not dependant on bank that went bust, but can transfer via phone in seconds your funds wherever you want and for under 1 cent...
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on May 31, 2019, 12:10:38 PM
This is not my post. But yes it is better unless you have something to hide. Also you are focusing only on BTC and POW, while you have many better solutions, POS for example and even those transaction can be invisible but shown if needed. Monero you can't track, but if you have a private key you can show transactions to FBI if they demand it. The point here is decentralisation, so no bank or goverment freezes funds as they want to. Comes crisis you are not dependant on bank that went bust, but can transfer via phone in seconds your funds wherever you want and for under 1 cent...

When there is a "real" crisis, anything other gold in your pocket to barter for essentials is useless, especially things dependant on electricity.  ;)


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on May 31, 2019, 07:08:10 PM
Nah, gold is for bigger problems in case of war or catastrophe. It is a must in a balanced portfolio that is for sure!  But we are closer to the new financial crisis and electricity works in such periods.

Now the futures are closing and I expect a dump and lazy trading during summer, but the pace will be back in autumn when all CEO's get back to work :)
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: reinerh on June 01, 2019, 02:35:05 AM
Nah, gold is for bigger problems in case of war or catastrophe. It is a must in a balanced portfolio that is for sure!  But we are closer to the new financial crisis and electricity works in such periods.

Now the futures are closing and I expect a dump and lazy trading during summer, but the pace will be back in autumn when all CEO's get back to work :)

i dont think this summer will be boring regards trading, usually it is yes, but not this one. at least thats what my hunch tells me.
too much political crapp going on, that will keep moving the markets. would not surprise me if some bombshell gets dropped soon and we might see huge moves.
none or less, big moves will be upon us soon, gold just had a sweet move up to get things going.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on June 04, 2019, 03:11:57 PM
In order for cryptos to gain mass adoption they need to be stable enough for most people to have trust in them - i.e. people who are not interested the currency trading world to begin with.
Currently we have situations like this - only recently Bitcoin dropped 15% of its value in just 15 minutes (https://theforexreview.com/2019/05/17/new-york-court-decision-caused-bitcoin-to-fall-15/) due to a court decision to order Tether to stop loaning money to Bitfinex.

If I were one of those people (who are not interested in trading to begin with and just want a stable currency to use) I wouldn't touch cryptos with a ten-foot pole.

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on June 04, 2019, 04:13:54 PM
Why not? You have stablecoins they are pegged to USD 1:1 and they are cryptocutrency just not good for trading since you cant profit.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on June 04, 2019, 10:33:25 PM
Why not? You have stablecoins they are pegged to USD 1:1 and they are cryptocutrency just not good for trading since you cant profit.

Again, you pull out info out of thin air; according to Forbes, Stablecoin is a ponzi scheme, worse than BTC. I wouldn't not only touch it, I would scream out loude to save others from this crypto scam.


"But with the price of Bitcoin and other cryptocurrencies in the doldrums, a new scam is rising to the top, like bits of toilet paper in sewage: stablecoins."


https://www.forbes.com/sites/jasonbloomberg/2018/11/25/bernie-madoff-move-over-stablecoins-have-you-beat/#d2192a67dab1

Keep trying to peddle your crypto wares.  ;)


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on June 05, 2019, 10:35:04 AM
If stablecoins are a scam than all banks that are backing them are scams too. Check who is backing them and complain to banks, why are they in business with them...
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on June 11, 2019, 02:32:28 PM
Some new data - according to the new FCA report, British citizens have lost 34 million USD to cryptocurrency exchange and forex scams for 2018 alone. (https://theforexreview.com/2019/06/10/uk-traders-lost-over-34-mln-to-scammers-in-2018-alone/)

Still, the data, gathered by Action Fraud shows a positive trend – individual loss due to scams decreased from 76 000 USD to 18 500 USD while total losses fell from over 48 million USD in 2017.

The total number of reported scams, however more than tripled to reach to 1834, where over a fifth are connected to crypto scams.

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: y5nitro on June 16, 2019, 03:26:34 PM
Well, I can see that we already have statistics about scamming in crypto world. However, if you would like to use statistical analysis properly then it would be nice to compare it with number of scamming in fiat currencies. I bet that this amount would be measured in billions of US dollars
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on June 16, 2019, 04:07:26 PM
Well, I can see that we already have statistics about scamming in crypto world. However, if you would like to use statistical analysis properly then it would be nice to compare it with number of scamming in fiat currencies. I bet that this amount would be measured in billions of US dollars

Dear y5nitro.

You don't need to bet anything, especially when you are simply trying to spread false information, just come up with some "reliable" numbers from a "legitimate" entity to prove what you are saying.

I think what Eliza is alluding to is "Forex", which includes all types of exchanges from metals, oils, fiat currencies and of course cryptos; cryptos, having  +20% increase in scams. Which means, if crypto scams were 35% last, now they are 35% +20% = 55% of all scams... this is only an guesstimate from me because I don't have the previous stats.


"The total number of reported scams, however more than tripled to reach to 1834, where over a fifth are connected to crypto scams."
  ;)


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: drunkfx on June 17, 2019, 05:50:23 PM
Well, I can see that we already have statistics about scamming in crypto world. However, if you would like to use statistical analysis properly then it would be nice to compare it with number of scamming in fiat currencies. I bet that this amount would be measured in billions of US dollars

Are you talking about financial scam, outright one? Crypto projects will definitely beat fiat projects in that sense in relative terms (% of scam from the 100% of projects). That's why crypto needs enhanced regulation.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on June 17, 2019, 11:07:49 PM
Well, I can see that we already have statistics about scamming in crypto world. However, if you would like to use statistical analysis properly then it would be nice to compare it with number of scamming in fiat currencies. I bet that this amount would be measured in billions of US dollars

Are you talking about financial scam, outright one? Crypto projects will definitely beat fiat projects in that sense in relative terms (% of scam from the 100% of projects). That's why crypto needs enhanced regulation.

Here we go again, with baseless predictions. ::)



Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on June 18, 2019, 04:39:26 PM
CoinCheck, the Japanese cryptocurrency exchange that was hacked back in 2018 for over 530 million USD may have been attacked by Russian hackers. (https://theforexreview.com/2019/06/17/new-evidence-point-at-russia-for-coincheck-hack/)

Originally it was believed that the attack from January 2018, which costed the crypto currency exchange some 534 million USD in NEM, had came from North Korea. The latest evidence however show that computer viruses, linked to Russian hackers have been found in Coincheck employees’ computers.

Variants of the viruses, called Mokes and Netwire, which originated in Russia in 2011 and 2007 respectively, have been e-mailed to Coincheck employees on purpose. After the employees opened the infected e-mails, hackers were able to take over their computers remotely.

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on June 21, 2019, 01:14:55 AM
BTC, the canary in the crypto mine?

The Quantum Attack on Bitcoin

Here is an article which "clarifies", what I have been saying for years about Quantum computing by my quote,  "Quantum computers will make today's computing and blockchain be like a kid's tricycle, sitting next to a Maserati":

https://medium.com/drive-insider/the-quantum-attack-on-bitcoin-d676017024bc


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on June 22, 2019, 08:20:21 AM
Blockchain can move to quantum computing also and no threat...

I won the bet if we would have made it ;) $10k before $500 per BTC... I wonder when will you start buying it? :) We are here for profit as I know and most are missing out on it. Crypto is a good diversification, to have some funds in it, the same as in stocks, gold, real estate, forex...
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on June 22, 2019, 12:02:50 PM
Blockchain can move to quantum computing also and no threat...

I won the bet if we would have made it ;) $10k before $500 per BTC... I wonder when will you start buying it? :) We are here for profit as I know and most are missing out on it. Crypto is a good diversification, to have some funds in it, the same as in stocks, gold, real estate, forex...

On thing you should appreciate about me; I am extremely happy when people extend their personal wealth, through skill and guts... look at my signature motto:

"We humbly approach the Forex Market and take only what is earned through our hard work and intelligence."

I wish your luck continuous.  8)


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: sidewalk-star on June 22, 2019, 01:28:45 PM
Blockchain can move to quantum computing also and no threat...

I won the bet if we would have made it ;) $10k before $500 per BTC... I wonder when will you start buying it? :) We are here for profit as I know and most are missing out on it. Crypto is a good diversification, to have some funds in it, the same as in stocks, gold, real estate, forex...

On thing you should appreciate about me; I am extremely happy when people extend their personal wealth, through skill and guts... look at my signature motto:

"We humbly approach the Forex Market and take only what is earned through our hard work and intelligence."

I wish your luck continuous.  8)


Regards,
HumbleTrader

Nicely said.

I made around £1k profit on Bitcoin investments in June. I've cashed out half of that to re-invest into one of my REIT's.

Given Crypto's volatile and unpredictable nature, I take any chance to cash out and re-invest in more familiar asset classes that pay me monthly dividends.

Heading out to enjoy the sunshine, have a great weekend all.  8)
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on June 25, 2019, 03:46:10 PM
The founder and CEO of now defunct QuadrigaCX Gerald Cotton  used clients’ funds for private ends, reported the firm’s bankruptcy trustee Ernst & Young Inc. (https://www.forexbrokerz.com/news/QuadrigaCX-founder-used-clients-funds-for-private-ends) More specifically, Cotton, who died in mysterious circumstances last year, used customers’ funds to trade for his own account on other cryptocurrency exchanges.

QuadrigaCX, which was Canada's biggest cryptocurrency exchange, ceased operations this year. The company filed for protection from creditors in January, and was declared bankrupt in mid-April, owing customers $190 million worth of cryptocurrency and fiat.

“Significant volumes of cryptocurrency were transferred off platform outside Quadriga to competitor exchanges into personal accounts controlled by Mr. Cotten,” Ernst & Young Ernst and Young outlined outlined in the report. “It appears that User Cryptocurrency was traded on these exchanges and in some circumstances used as security for a margin trading account established by Mr. Cotten.”

Are authorities sure this guy really is dead?
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on June 25, 2019, 04:40:26 PM
The founder and CEO of now defunct QuadrigaCX Gerald Cotton  used clients’ funds for private ends, reported the firm’s bankruptcy trustee Ernst & Young Inc. (https://www.forexbrokerz.com/news/QuadrigaCX-founder-used-clients-funds-for-private-ends) More specifically, Cotton, who died in mysterious circumstances last year, used customers’ funds to trade for his own account on other cryptocurrency exchanges.

QuadrigaCX, which was Canada's biggest cryptocurrency exchange, ceased operations this year. The company filed for protection from creditors in January, and was declared bankrupt in mid-April, owing customers $190 million worth of cryptocurrency and fiat.

“Significant volumes of cryptocurrency were transferred off platform outside Quadriga to competitor exchanges into personal accounts controlled by Mr. Cotten,” Ernst & Young Ernst and Young outlined outlined in the report. “It appears that User Cryptocurrency was traded on these exchanges and in some circumstances used as security for a margin trading account established by Mr. Cotten.”

Are authorities sure this guy really is dead?


Send me your fiat currencies and I will send you very unique numbers, filled to the brink with hot air, with my personal signature; once I am dead, they will become rare items and quadrupled in value. I promise and swear, to all those cons who have come before me!  ;)


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on July 03, 2019, 04:51:26 PM
Another day, another massive cryptocurrency exchange scam - Bitsane, an Ireland based crypto exchange turned out to be a scam, after it virtually disappeared together with the assets of some 246 000 registered users. (https://theforexreview.com/2019/06/28/bitsane-scams-246-000-users/)


Bitsane users’ started to have problems with their withdraw requests as early as May, when Bitsane’s support team responded with e-mails, explaining that all withdraws are “temporarily disabled due to technical reasons.”

Now their social media accounts are disabled and all Bitsane users’ e-mails are being returned as undeliverable.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on July 04, 2019, 01:01:47 AM
Another day, another massive cryptocurrency exchange scam - Bitsane, an Ireland based crypto exchange turned out to be a scam, after it virtually disappeared together with the assets of some 246 000 registered users. (https://theforexreview.com/2019/06/28/bitsane-scams-246-000-users/)


Bitsane users’ started to have problems with their withdraw requests as early as May, when Bitsane’s support team responded with e-mails, explaining that all withdraws are “temporarily disabled due to technical reasons.”

Now their social media accounts are disabled and all Bitsane users’ e-mails are being returned as undeliverable.

Should we have or show any sympathy for idiots who send their money to anyone who can open a storefront on the Internet and issue "hot air numbers"? In fact, I would insist that we don't waste public funds investigating this and other thefts like it because such "investors" place their money to purchase items made to evade accountability to our taxation system, so why should law-abiding taxpayers be stuck with their bill?  ;)


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on July 04, 2019, 03:57:05 PM
I just don't get how people fall for these scams again and again.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on July 10, 2019, 04:00:21 PM
The FCA just approved (https://theforexreview.com/2019/07/03/uks-fca-approves-its-first-crypto-hedge-fund/) its first cryptocurrency hedge fund.
How, just how, is this happening in the light of all the scams in the past year?
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on July 11, 2019, 05:21:53 PM
My bragging rights; "Ban Bitcoin? What will they think of next?"

Many moons ago, I set out a number of reasons why cryptocurrencies will not gain mass adoption, what follows is one of such reasons. As you will read in this article, the US,  not wanting to lose its global control, through its currency dominance, is now moving to ban not only BTC but all cryptocurrencies!


https://medium.com/swlh/ban-bitcoin-what-will-they-think-of-next-9eeeef8f57ae

"He who controls the water dam controls the valley below."  ;)

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on July 11, 2019, 05:28:15 PM
Instead, they will regulate it  :)
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on July 11, 2019, 06:42:02 PM
Instead, they will regulate it  :)

Lol... :D.

I said, "He who controls the water dam controls the valley below." I didn't say, "He who controls the air controls what you breath." Americans aren't that powerful. Unless they can regulate all Internet traffic, including the Dark Web, "possibly", they might regulate, cryptos. Even the bold move to ban them is questionable, given the nature of the beast but "banning" cryptos will most probably be though banning crypto exchanges. We will see what happens to the price of BTC, once such legislation comes into play: Once the "peddlers" of cryptos cannot advertise their wares to the gullible, cryptos will be a thing of the past. That is not to say that digital currencies will disappear as long as governments have control of the "printing press" and all such currencies are accounted for and "yes", regulated. Now we are down to splitting hairs as to what will constitute Cryptos as per definition and digital currencies.


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on July 12, 2019, 02:31:52 PM
Did you say, "Cryptos via blockchain"?

A Cryptocurrency Without a Blockchain Has Been Built to Outperform Bitcoin:

Now we are on to something...more "hot air"! When will they ever learn?

https://www.technologyreview.com/s/609771/a-cryptocurrency-without-a-blockchain-has-been-built-to-outperform-bitcoin/


Line up, and take a "number", may be contaminated with some alpha letters and lots of BS.


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on July 12, 2019, 02:59:46 PM
IOTA is old and also one of the altcoins that I own. It is a sort of blockchain-based because computers are also things so they could fit in the IOT. And I also wrote that many better solutions other than BTC exist.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Arsssele on July 19, 2019, 09:52:46 AM
This move from FCA was inevitable. I am expecting similar moves from other countries also. There is nothing wrong with concept of crypto currencies. The problem lays with peoples intentions to scam other people. There is no reason why crypto hedge fund would not be legal business like any other
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on July 23, 2019, 04:35:38 PM
Crypto coins like Libra – the Facebook Inc.’s newly proposed digital token, deserve special attention by central banks and supervisors, Bundesbank said in a statement. (https://theforexreview.com/2019/07/22/bundesbank-warns-against-libra/)

Such projects might have a “sustainable and significant effect” on the financial system and the central banks, the institution said in its monthly report on Monday.

“So far, important technical, organizational and regulatory questions about the proceedings of the Libra consortium are still open. Considerations of the potential effects are therefore speculative. At the same time, it seems appropriate that supervisory bodies and central banks closely watch and asses the plans. Innovations that increase wealth and reduce transaction costs should be supported. But important goals like monetary and financial stability and payment security must not be compromised”, Bundesbank noted.

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: drunkfx on July 24, 2019, 05:27:01 PM
This move from FCA was inevitable. I am expecting similar moves from other countries also. There is nothing wrong with concept of crypto currencies. The problem lays with peoples intentions to scam other people. There is no reason why crypto hedge fund would not be legal business like any other

Does it also mean that trading cryptocurrencies with FCA regulated brokers will be restricted?
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on July 30, 2019, 03:58:23 PM
Federal agents in the state of New York have arrested the principal of a crypto currency escrow company Volantis for allegedly stealing over 7 million USD from two client companies. (https://theforexreview.com/2019/07/26/volantis-ceo-arrested-for-a-7-mln-crypto-fraud/)

US Justice Department says Jon Barry Thompson has scammed two client companies taking over 7 million USD by making false representations about Volantis’ Bitcoin transaction service.

According to the announcement of the federal authorities Thompson offered a service for low risk crypto settlements by acting as a mutual custodian for two transacting parties, but allegedly used his company as a cover to steal the custodied money.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Marcusfx12 on July 30, 2019, 09:37:40 PM
I think that little by little they will get it, somehow the world begins to accept it at a slow pace but that does not seem to falter.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: drunkfx on August 01, 2019, 02:16:01 PM
Anybody knows why volatility on bitcoin dropped and it can't move through 10K bar? No buying activity above but holders prevent prices to move lower.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on August 01, 2019, 02:29:58 PM
Anybody knows why volatility on bitcoin dropped and it can't move through 10K bar? No buying activity above but holders prevent prices to move lower.
Summer... Vacations, nobody focuses on money that much...
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on August 01, 2019, 06:36:14 PM
Anybody knows why volatility on bitcoin dropped and it can't move through 10K bar? No buying activity above but holders prevent prices to move lower.
Summer... Vacations, nobody focuses on money that much...

True, if it starts going up again, "suddenly", people will come back from vacations and buy bitcoin...Lol. ;)


Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on August 01, 2019, 07:26:35 PM
Wanna bet autumn will bring bulls in crypto?  ;)
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on August 01, 2019, 07:32:15 PM
Wanna bet autumn will bring bulls in crypto?  ;)

I can bet you leaves will fall but you are on record for stating this, so get ready for a letdown, perhaps a meltdown! ;)

1 Bitcoin equals
10,393.50 United States Dollars as of this date.



Regards,
Humble Trader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on August 03, 2019, 04:25:38 PM
Here is an interesting "marketing" ploy, why you should own BTC; the logic is distorted, but that is marketing paid by the crypto lobbyist.

https://medium.com/altcoin-magazine/why-you-must-buy-bitcoin-even-if-you-dont-believe-in-it-2d5e23124809

The only item posted in this article, which I want to point out, is to have you think about the statement made  which follows:


"As somebody who owns both assets, I can assure you Warren Buffett’s company will never capture all the world’s wealth."




https://www.bloomberg.com/news/articles/2019-08-03/buffett-s-cash-pile-hits-record-as-berkshire-holds-122-billion

Ask yourself, which would you rather have; some BTC's that "might" give you a billion, or 122 billion in cash, earned through strategic market investments, rather than gambling?


Regards,
HumbleTrader


Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on August 03, 2019, 09:44:29 PM
Because not all are rich... Not all have a banking account and not all can afford to invest in hedge funds, stocks, real estate...
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on August 03, 2019, 11:07:07 PM
Because not all are rich... Not all have a banking account and not all can afford to invest in hedge funds, stocks, real estate...

True, that is why casinos and crypto scams are doing so well... poor people. :(
You should read how Warren started and when he started investing, long, long time ago.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: diyforexskills on August 04, 2019, 01:39:52 AM
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Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on August 04, 2019, 12:25:42 PM
Because not all are rich... Not all have a banking account and not all can afford to invest in hedge funds, stocks, real estate...

True, that is why casinos and crypto scams are doing so well... poor people. :(
You should read how Warren started and when he started investing, long, long time ago.

Regards,
HumbleTrader
Different times, now you can't invest a few dollars in stocks. The commission costs and yearly fee will eat your profits. Poor can only save, but we all know savings are depleted by inflation if they don't invest in something that makes 5% a year...
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: iMusingKiMi on August 04, 2019, 10:26:34 PM
Wanna bet autumn will bring bulls in crypto?  ;)

Why autumn will bulls? What a special read...
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: iMusingKiMi on August 04, 2019, 10:29:16 PM
Anybody knows why volatility on bitcoin dropped and it can't move through 10K bar? No buying activity above but holders prevent prices to move lower.

Recent 2 weeks, volatility drop so much. Maybe there are some retracement to be done. But last few days seems quite stable on 10k lvl.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: iMusingKiMi on August 06, 2019, 05:32:27 AM
Wanna bet autumn will bring bulls in crypto?  ;)

I can bet you leaves will fall but you are on record for stating this, so get ready for a letdown, perhaps a meltdown! ;)

1 Bitcoin equals
10,393.50 United States Dollars as of this date.


Today already near 12,000 per pieces.
Regards,
Humble Trader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on August 06, 2019, 04:10:49 PM
The Secretary-General of the Thai Anti-Money Laundering Office (AMLO) stated that the existing anti-money laundering (AML) rules in Thailand will be amended as to also cover cryptocurrencies and prevent their use for illicit activities. (https://www.forexbrokerz.com/news/Thailand-AML-laws-will-also-apply-to-crypto-exchanges)

The authorities plan to include in the Anti-Money Laundering Act requirements for crypto exchanges to report to the AMLO. These provisions would correspond to the international standards on digital asset service providers. For example, the pan-European directive, dubbed “AMLD5” also brought crypto exchanges and wallet providers under the scope of EU anti-money laundering rules.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Aaronpp on August 06, 2019, 08:55:18 PM
Currently the value of bitcoin is rising thanks to the fall of the Wall Street stock market and other factors, but that does not mean that it is either an accepted monetary exchange rate in society, There is still time for crypto currencies in general, to have a massive acceptance around the world, for now their rise and fall will be constant until a few years from now where their rise will be fixed or that is what many expect.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on August 11, 2019, 04:35:33 PM
Here is an article which might have you take a journey into familiar and not so familiar experiences:

Confessions of an Almost Crypto Millionaire

https://medium.com/swlh/confessions-of-an-almost-crypto-millionaire-ac6d37833a32


 Enjoy! 8)
Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on August 27, 2019, 04:04:36 PM
US prosecutors accused a 25 year old man  for running a crypto exchange that converted some 25 million USD from fiat to crypto currencies and vice versa. (https://theforexreview.com/2019/08/26/us-prosecutors-indicted-a-man-for-running-25-mln-crypto-exchange/)

According to the prosecutors Kunal Kalra known as “Kumar,” facilitated money laundering of funds obtained by illegal activities, including from trade of illegal drugs on the dark net.

Kalra was charged with four counts of criminal information, including for running a unlicensed money transmitting business.

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on August 27, 2019, 05:05:59 PM
US prosecutors accused a 25 year old man  for running a crypto exchange that converted some 25 million USD from fiat to crypto currencies and vice versa. (https://theforexreview.com/2019/08/26/us-prosecutors-indicted-a-man-for-running-25-mln-crypto-exchange/)

According to the prosecutors Kunal Kalra known as “Kumar,” facilitated money laundering of funds obtained by illegal activities, including from trade of illegal drugs on the dark net.

Kalra was charged with four counts of criminal information, including for running a unlicensed money transmitting business.


Probably a small minow in a large ocean of sharks.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on September 03, 2019, 04:02:12 PM
Bitcoin Co. one of the biggest crypto exchanges in Thailand unexpectedly announced that it will cease its operations by the end of September.
 (https://theforexreview.com/2019/09/02/bitcoin-co-exchange-unexpectedly-shuts-down/)
The announcement scared investors on Bitcoin Co., who were selling bitcoins for as little as 6500 USD, while the current price of the digital currency remains close to 10 000 USD.

In a letter to investors the exchange says that it wants to focus on “other business opportunities,” without elaborating further, and that it will stop accepting any deposits on September 6th, while the platform itself will be shut down on September 30th.

After the end of September clients will have until November 1st to withdraw any of their remaining funds either to bank accounts or to digital wallets.

This is all very shady.

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on September 03, 2019, 04:22:41 PM
Where is Opportunis so tell us that this happens all the time with fiat currency, yet to date he has not shown one bank failure anywhere where people have lost their money; that is if you consider exchanges to the equivalent to banks. Yet multiple times this year we have pointed to multiple exchange cons.

Regards,
Humble Trader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: reinerh on September 03, 2019, 04:33:29 PM
Where is Opportunis so tell us that this happens all the time with fiat currency, yet to date he has not shown one bank failure anywhere where people have lost their money; that is if you consider exchanges to the equivalent to banks. Yet multiple times this year we have pointed to multiple exchange cons.

Regards,
Humble Trader

may i remind you of cyprus a few years back, people took a huge haircut. i think they labeled it bail in which the basel meeting clearly outlined.

and more of that will come someday to bigger countries.

physical assets of sorts should be the savest overall when things get dicey.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on September 03, 2019, 04:40:53 PM
Where is Opportunis so tell us that this happens all the time with fiat currency, yet to date he has not shown one bank failure anywhere where people have lost their money; that is if you consider exchanges to the equivalent to banks. Yet multiple times this year we have pointed to multiple exchange cons.

Regards,
Humble Trader

may i remind you of cyprus a few years back, people took a huge haircut. i think they labeled it bail in which the basel meeting clearly outlined.

and more of that will come someday to bigger countries.

physical assets of sorts should be the savest overall when things get dicey.

Cyprus had nothing to do with fraud but Russian laundered money, through the Euro banking system.

Besides, we are talking, recent news no older than5 years.

Regards,
Humble Trader✌️
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on September 03, 2019, 07:41:38 PM
I would buy those BTC for 6k. Really strange they sold for such low price, haha if all the major exchanges have prices over 10k...

Here more good news: https://cointelegraph.com/news/vaneck-solidx-to-offer-limited-bitcoin-etf-for-institutions-via-exemption

We'll see 15k this year and it will be funny how panic sellers will cry for missing out on it. On a side note, we are in depression mode now, so I'm really curious what will happen with crypto. Will we get more capital in it after all BTC was created to fight the financial crisis and diversify funds.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on September 03, 2019, 08:34:19 PM
I would buy those BTC for 6k. Really strange they sold for such low price, haha if all the major exchanges have prices over 10k...

Here more good news: https://cointelegraph.com/news/vaneck-solidx-to-offer-limited-bitcoin-etf-for-institutions-via-exemption

We'll see 15k this year and it will be funny how panic sellers will cry for missing out on it. On a side note, we are in depression mode now, so I'm really curious what will happen with crypto. Will we get more capital in it after all BTC was created to fight the financial crisis and diversify funds.

Let's see what happens to 10k investment, next 12 months. I'll buy 10k of gold bullion( the real thing), you buy 10k of BTC. Twelve months to go.... ;)

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on September 03, 2019, 08:46:08 PM
Deal, we can compare prices next year. BTC should outperform gold by 2x minimum in crisis. The more banks get in trouble the better for crypto. Gold could pop to 3k per ounce if we get there.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Nasdaq100 on September 04, 2019, 05:14:37 AM
Even if it goes to 25k. Just the fact that it has crashed twice so far makes it a big gamble to trade with.

Unless you don't use any leverage and buy with the intention of holding for the next few years in case it turns against you.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on September 04, 2019, 10:14:57 AM
Even if it goes to 25k. Just the fact that it has crashed twice so far makes it a big gamble to trade with.

Unless you don't use any leverage and buy with the intention of holding for the next few years in case it turns against you.
BTC has crashed more than 10 times and every time it recovered and surpassed the equity high for a min 3x. Leverage in exchanges is max. 1:20 and only pro traders do it. The retail or common people just buy BTC and hold it. You can trade crypto on regulated brokers also for 1:500 leverage, but they don't allow trading over a weekend and you get huge gaps on Monday, so I don't recommend trading it unless you know what you are doing and you don't actually own the BTC it's paper trading, like with gold.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on September 06, 2019, 12:04:57 AM
cryptocurrencies
Fewer People Are Sending Bitcoin to Largest Crypto Exchanges

So much for cryptos being a hedge against recession.

https://www.bloomberg.com/news/articles/2019-09-05/fewer-people-are-sending-bitcoin-to-largest-crypto-exchanges?cmpid=BBD090519_BIZ&utm_medium=email&utm_source=newsletter&utm_term=190905&utm_campaign=bloombergdaily

This week I had a total of 5 crypto pushers calling me on my phone trying to peddle their wear; they are getting desperate!

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: iMusingKiMi on September 09, 2019, 03:59:22 AM
Even if it goes to 25k. Just the fact that it has crashed twice so far makes it a big gamble to trade with.

Unless you don't use any leverage and buy with the intention of holding for the next few years in case it turns against you.

It is just way too volatile to trade with leverage but I think it is good to profit through volatility rather than buy and hold.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on September 10, 2019, 11:24:53 AM
Changes in the regulatory regime of Netherlands are upcoming (https://theforexreview.com/2019/09/04/dutch-central-bank-tightens-regulatory-control-of-crypto-trading/) that will affect local cryptocurrency firms, most importantly they will have to register with authorities and begin operating under the scrutiny of the Central Bank.

The new rules that will be set in place will be mostly concerned with anti-money laundering and terrorist financing according to a statement by the De Nederlandsche Bank (DNB). The press release of the DBN reads that Crypto firms “must demonstrate that their processes are effectively designed to prevent money laundering and terrorist financing, and that board members and other policymakers adequately manage these processes.”

The Dutch authorities will approach this matter using the European anti-money laundering directive which is an EU-wide set of regulations that were introduced last year.

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on September 11, 2019, 09:17:35 AM
https://medium.com/datadriveninvestor/the-biggest-misconception-about-bitcoin-7c3a71514752
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: reinerh on September 11, 2019, 03:03:57 PM
https://medium.com/datadriveninvestor/the-biggest-misconception-about-bitcoin-7c3a71514752

very good article, what is money, one has to wrap his mind around this.

since fiat or all moneys can fail and have in history.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on September 17, 2019, 03:01:11 PM
The French cyber police has intercepted and neutralized a Monero minimum virus (https://theforexreview.com/2019/08/29/french-cyber-police-intercepted-monero-mining-botnet-of-over-850-000-pcs/) that has infected over 850 000 Windows operating PCs in some 100 countries, but more predominantly in Central and South America.

The French authorities had acted on a signal that a server based in Paris is distributing a virus called Retadup, BBC reports.

The botnet, which was run from France, is estimated to have made millions of euro since 2016. The people behind it however are still at large.

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: drunkfx on September 18, 2019, 08:29:37 PM
https://medium.com/datadriveninvestor/the-biggest-misconception-about-bitcoin-7c3a71514752

very good article, what is money, one has to wrap his mind around this.

since fiat or all moneys can fail and have in history.

The arguments are valid but who cares. After all it depends on governments approval and they are not likely to change state money paradigm to something else.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on September 18, 2019, 09:06:28 PM
https://medium.com/datadriveninvestor/the-biggest-misconception-about-bitcoin-7c3a71514752

very good article, what is money, one has to wrap his mind around this.

since fiat or all moneys can fail and have in history.

The arguments are valid but who cares. After all it depends on governments approval and they are not likely to change state money paradigm to something else.

One very important point which is not covered in this article is the importance of “central authority “.
From the earliest times, there has always existed a guarantor. Someone who can be the “ insurance” that the currency is ensured of its legitimacy. There are many “stores of value”, which we use throughout time, let alone fiat currencies. Gold, precious diamonds, famous artwork, and many types of collectibles, in each case, participants agree on the authority of some agency, whether it be an art specialist, gemologist, etc. In each case, such specialist always defines value by a number (X$) based on the highest “authority” of the land. When nations agreed to move away from gold into dollars, it was because the most powerful central authority at the time, the US  could guarantee ( insure  ) the note. With so many crypto’s being developed by anyone with a computer, who guarantees anything? The author claims that BTC is secure and about its distributive properties and all that jazz, but he fails to explain what the exact security is. We know that dozens of hackers have had many successes hacking millions of BTC and others. The act that it is an electronic dependent transaction, only suggest it is as good at the next programmer comes up with a way to fool the system, or a faster computer system, which will drain massive amounts of cryptos before anyone in the distributive ledger system notices the scam. Already there is talk about the blockchain system not being as what it is cracked up to be and that with the right type of technology, it can be defeated.

Today, even if there was an agreement to move away from gold to fiat currency, with insurance by a central authority, countries still store physical gold as a means of self-insurance. Given all this “In God we trust, in dollars we trade, but in gold we preserve!”, who will ensure any crypto to the extent where no central authority exists anywhere to guarantee its legitimacy? Oh, yes, they are getting around to it sooner, later or until the next alternative currency fad. I heard grains of Martian soil will soon be on its way, any investors, no BTCs, please! :)

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on September 19, 2019, 07:42:26 AM
The article explains why there is no need for central authority and why this is the best. You cannot hack the blockchain itself and steal BTC, you can hack someones wallet only and send them to yours. Hackers work is same as modern robbers steal from your credit card. They insert a chip in ATM copy it and than monitor how you enter your PIN code and than they can steal fiat from you. So saying BTC can be hacked is not true. Wallets can, but so can your debit/credit card. If they target you they can steal all your money from bank if you use online banking...
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on September 19, 2019, 03:15:33 PM
The article explains why there is no need for central authority and why this is the best. You cannot hack the blockchain itself and steal BTC, you can hack someones wallet only and send them to yours. Hackers work is same as modern robbers steal from your credit card. They insert a chip in ATM copy it and than monitor how you enter your PIN code and than they can steal fiat from you. So saying BTC can be hacked is not true. Wallets can, but so can your debit/credit card. If they target you they can steal all your money from bank if you use online banking...

(1) No, the "central authority" issue, is not dealt with satisfactorily. (2) Blockchain can be overcome with more advanced technologies. (3) If your money is stolen from your bank account, the "bank authority" assumes the risk and you are insured at the bank level and at the greater authority level, the government itself... who guarantees your BTC or crypt losses? Finally, why are there so many peddlers desperately trying to sell cryptos by harassing the public, who pays them? When was the last time you were harassed by a marketer, trying to sell you fiat currencies?

"Something is rotten in Denmark and it ain't fiat fish but fish who swallow BTC's and are financially bankrupt."
My apology to my  Danish friends.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Ggeyda on September 19, 2019, 10:00:10 PM
So, they have cached one fish and they are alarming that they have cached a shark. It is not only crypto used for money laundering. This way of conducting business is initially invented with fiat currencies. The market is not a problem but people who are trying to avoid legal way of doing business
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on September 19, 2019, 10:17:57 PM
So, they have cached one fish and they are alarming that they have cached a shark. It is not only crypto used for money laundering. This way of conducting business is initially invented with fiat currencies. The market is not a problem but people who are trying to avoid legal way of doing business

Right. Like they say in the USA, "Guns don't kill but people do." Except that countries that have restricted gun ownership have incredibly low numbers of loss of life.
If you allow the development of alternative ways of creating, distributing and using currency, such as cryptos, without accountability (Central Authority) like guns, you are inviting criminality to flourish.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on September 24, 2019, 03:10:15 PM
The German government delivered another blow to Libra  (https://www.forexbrokerz.com/news/Germany-will-block-facebook-libra) - according to its new strategy the cabinet in Berlin stated that while the block chain technology holds great potential, it should not be used to develop private forms of money.

“A core element of state sovereignty is the issuance of a currency, we will not allow private companies to do it,” German Finance Minister Olaf Scholz commented on the government's decision.

The German stance reflects similar concerns expressed by France and the skepticism in Washington.

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: iMusingKiMi on September 25, 2019, 01:10:32 PM
Huge crashed since yesterday. All those social media flying around that this is the last time BTC remain below 10k. I think lot of people gotten hit by margin call.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Hilapur on October 09, 2019, 10:14:42 AM
Both French and German governments are right, in my opinion. It is ok to use Blockchain technology, but issuing own currency is a way of interfering into monetary system of one country. These countries would certainly not allow it
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: drunkfx on October 10, 2019, 02:21:13 PM
Both French and German governments are right, in my opinion. It is ok to use Blockchain technology, but issuing own currency is a way of interfering into monetary system of one country. These countries would certainly not allow it

We can expect approvals only from Asian countries like Japan because they have problems with their monetary systems and need some fresh solutions.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: fxopen78 on October 16, 2019, 12:22:26 AM
Still doubt in development of bitcoin, if look the market, seems between user and trader still larger as a trader than user, still less merchant accept bitcoin and this is still unsecure currency with a value that often drops and arise
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on October 22, 2019, 05:26:13 PM
Earlier this year, Facebook announced the launch of its very own cryptocurrency, and unveiled a surprisingly long list of endorsers who had joined the non-profit Libra Association – the company in charge of operations – among which were PayPal, Visa, Mastercard, Spotify, eBay and other global businesses.

Now part of those same advocates, namely Visa and PayPal, are reconsidering their early, seemingly irrational, decision to back the new crypto coin. (https://deposit-withdraw.com/visa-and-paypal-among-top-companies-considering-an-early-withdrawal-from-libra/) The list of reluctant names grows ever higher, as uncertainties pile up. Bloomberg reports claim that concerns started arising over “maintaining positive relationships with regulators who have reservations about the project,” and that Facebook and the Libra Association had mislead them into thinking that regulators were fully on board with the project.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on October 29, 2019, 01:16:52 PM
Another RAT is on the loose!

https://medium.com/technicity/another-rat-is-on-the-loose-7969624424bf

Current digital ‘hot wallets’ & other Crypto infrastructure face numerous vulnerabilities in the form of hacks, attacks & unexpected losses. In the first six months of 2019 alone, Cryptocurrency thefts, scams & fraud worldwide have led to losses worth approximately $4.26 billion. Although insider thefts were the biggest offenders according to the report from Cipher Trace, external threats remain on the rise as well.  :D


Regards,
HumbleTrader

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on October 31, 2019, 10:13:31 AM
Meanwhile, Swedbank laundered 100 billion... https://finance.yahoo.com/news/sweden-considers-sanctions-against-swedbank-072850989.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAKppLb-Ytyj1p25E85wCu2FP_wIb3D0F1qdcZE5l5yoDNYq624yrlf5Fbkr-Al0diQ-ZcwfGl9YX5HSWCa5TILVPyfFYNwD6UJPN0bpzvHhfV8CQe9yeqUxAPp3ppsGzTTToa-QVQdVEGAl-a-2ms2sYRX7Gqhb23B8mS5JTC2PI

Crypto fraudsters are much easier to find and punish than FIAT criminals. If you are a criminal the best option is to stay with FIAT... 
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on October 31, 2019, 10:21:25 AM
Meanwhile, Swedbank laundered 100 billion... https://finance.yahoo.com/news/sweden-considers-sanctions-against-swedbank-072850989.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAKppLb-Ytyj1p25E85wCu2FP_wIb3D0F1qdcZE5l5yoDNYq624yrlf5Fbkr-Al0diQ-ZcwfGl9YX5HSWCa5TILVPyfFYNwD6UJPN0bpzvHhfV8CQe9yeqUxAPp3ppsGzTTToa-QVQdVEGAl-a-2ms2sYRX7Gqhb23B8mS5JTC2PI

Crypto fraudsters are much easier to find and punish than FIAT criminals. If you are a criminal the best option is to stay with FIAT...

That's very reassuring. I am sure crooks all over will appreciate your guidance, they might even vote you in as Godfather. Just don't mess up the numbers; Fiat currencies, are used more than 1000/1 compared to cryptos, which is a good thing altogether.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: iMusingKiMi on November 08, 2019, 01:06:54 PM
Maybe a break of 9600-9700 should be a good time for another rally.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: iMusingKiMi on November 08, 2019, 01:12:51 PM
Earlier this year, Facebook announced the launch of its very own cryptocurrency, and unveiled a surprisingly long list of endorsers who had joined the non-profit Libra Association – the company in charge of operations – among which were PayPal, Visa, Mastercard, Spotify, eBay and other global businesses.

Now part of those same advocates, namely Visa and PayPal, are reconsidering their early, seemingly irrational, decision to back the new crypto coin. (https://deposit-withdraw.com/visa-and-paypal-among-top-companies-considering-an-early-withdrawal-from-libra/) The list of reluctant names grows ever higher, as uncertainties pile up. Bloomberg reports claim that concerns started arising over “maintaining positive relationships with regulators who have reservations about the project,” and that Facebook and the Libra Association had mislead them into thinking that regulators were fully on board with the project.

It is less likely Libra lobbyist can win over lawmakers, especially US lawmakers because it is a huge threat to USD. This explained why Visa and Paypal withdraw from them.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on November 08, 2019, 05:29:10 PM
I wonder who else will withdraw from Libra. Who are the other backers?
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on November 08, 2019, 05:43:30 PM
I wonder who else will withdraw from Libra. Who are the other backers?

The US currency is the strongest weapon the US has in its arsenal, stronger than all its conventional weapons. With this power, it controls the world; take away the US dollar and the US is toothless.  Only the naive and fools would think that the US will ever give up this power and accept any Mickey Mouse currency (Crypto) to replace it.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on November 12, 2019, 04:49:15 PM
New study reveals a single large player (https://theforexreview.com/2019/11/06/new-study-reveals-a-single-large-player-behind-bitcoins-20-000-peak-two-years-ago/) behind Bitcoin’s $20 000 peak two years ago.
According to the study, the financial manipulator is only one account at the world-known crypto exchange Bitfinex. The account in question was able to influence greatly the demand for bitcoin via extreme flows of tethers. Through such a way bitcoin rose to an all-time high of almost $20 000 in late 2017.

Well, that makes cryptos look really bad.

Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on November 12, 2019, 05:02:04 PM
New study reveals a single large player (https://theforexreview.com/2019/11/06/new-study-reveals-a-single-large-player-behind-bitcoins-20-000-peak-two-years-ago/) behind Bitcoin’s $20 000 peak two years ago.
According to the study, the financial manipulator is only one account at the world-known crypto exchange Bitfinex. The account in question was able to influence greatly the demand for bitcoin via extreme flows of tethers. Through such a way bitcoin rose to an all-time high of almost $20 000 in late 2017.

Well, that makes cryptos look really bad.

There is no proof of this... However it could be true. The 2 bots used in Mt. Gox pushed BTC to 1k few years ago. The market is small and can be manipulated by big players.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: drunkfx on November 13, 2019, 01:34:46 PM
hey guys what do you think about bitcoin intrinsic value. Please share your thoughts, thanks.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Loperte on November 21, 2019, 07:37:45 PM
I think that Visa and PayPal initially supported Libra because they have seen huge earnings opportunity. However, after France and Germany banned Libra from their market, Visa and PayPal pulled back because they dont want to have any issues on large EU market. At least, this is my opinion
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on November 22, 2019, 05:40:56 PM
It's very possible they don't want to rock the boat, indeed.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on December 02, 2019, 01:30:14 PM
https://www.crypto-news-flash.com/new-law-banks-hold-and-sell-bitcoin/
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Eliza Abrams on December 05, 2019, 09:28:37 AM
Yep, Germany is about to pass a law (https://theforexreview.com/2019/11/29/germany-may-soon-pass-law-allowing-banks-to-trade-crypto-currencies/) to do just that.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Zura on December 12, 2019, 08:11:52 AM
Bitcoin is already gaining momentum and I think that a massive future is just around the corner.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Tobei on December 13, 2019, 01:56:52 PM
They are already close to getting widespread use and this will happen much faster than we all think.
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on December 13, 2019, 03:31:09 PM
They are already close to getting widespread use and this will happen much faster than we all think.

How do you gage time, in years or millennia? Your forecast was made in 2009; today as 2019, this is ten years later. Since that time, NO, country has adopted this scam dream, and in the past 10 years, billions have been lost to scams.
Keep dreaming.

Regards,
HumbleTrader
Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: oportunis on December 13, 2019, 03:38:15 PM
If no country has adopted BTC, howcome you can pay taxes with it? Or trade futures with it? Or why are regulators researching regulation about it? I think you are wrong here and missing out on potential profits. Investment funds now offer a part of their portfolio in crypto. Even banks are going to trade it and offer to clients...


Title: Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
Post by: Humble Trader's Fx on December 13, 2019, 05:19:37 PM
If no country has adopted BTC, howcome you can pay taxes with it? Or trade futures with it? Or why are regulators researching regulation about it? I think you are wrong here and missing out on potential profits. Investment funds now offer a part of their portfolio in crypto. Even banks are going to trade it and offer to clients...

Yes, I can see the gains below your signature. It's about right, what will happen when this scam comes to pass.

Regards,
HumbleTrader