Is NEO still worth investing in? I have my final $150 and I'm not sure if I should buy NEO or ADA
Why don't you diversify and buy into both? You can take 50% and buy into neo and the other 50% in ada, that would be wise.
I agree. It seems like diversification would be the best bet.
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BoardAltcoin Discussion
How big of a role does the platform play in your ICO selection?
by
BioBuff
on 18/04/2018, 13:16:37 UTC
When choosing an ICO to participate in, how big of a role does the platform it is operating on play in choosing wether to participate? Which platforms; Ethereum, NEO, Stellar, Waves, etc. do you prefer?
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BoardAltcoin Discussion
Re: Are there any altcoins that are independent to Bitcoin?
I am wondering if there are coins that are independent to the Bitcoin price? Like, if Bitcoin's value increases, the altcoin will not increase at the same time Bitcoin does. Or maybe, I am wrong that the price of Bitcoin doesn't have any effect to the value of altcoins? Please enlighten me with this topic. If there's any coins that are independent, what are the benefits that you can get in investing to that altcoin that you can't get in investing in Bitcoin?
You are right that the price of Bitcoin can affect the price of altcoins. All altcoins are still dependent on Bitcoin's price because most altcoins in the market have no trading pair directly to usd or fiat, and even some altcoins have, only few exchanges lets you buy and sell altcoins using fiat directly. I think Ethereum is somewhat independent since there are numerous exchanges that have ETH/USD pair. What are the benefits? if a coin is independent to Bitcoin's price then the advantage is when Bitcoin price fall or crash, it will not get affected, meaning the price of other coins are dropping while the independent ones can possibly go up or no effect at all.
I think exchangeability plays a role but the the main reason cryptocurrencies tend to rise and fall together is because they are one asset class. The same thing happen with the stock market. If you compare indexes you will see variability between them but the trends are in in the same direction.
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BoardAltcoin Discussion
Re: Can we adopt altcoin to pay wages?
by
BioBuff
on 18/04/2018, 11:02:50 UTC
In addition to the issues mentioned; employee acceptance, value fluctuation, etc... I think the biggest challenge would be meeting the legal requirements of many countries such as minimum wage, deductions for retirement and healthcare, and taxation.
A combination of wages/salary in fiat and bonuses in crypto may be the best option for business wanting to go that direction. That would taxation models etc. based on the allocation of stock options and other benefits.
i do think cypto will be the future. Just not the near future. New coins are being and will be developed. There are a few problems that prevent mass adoption.
The first is transaction time. For instance, when you go purchase daily items ( gas,food,cloths,ect) you most likely pay with a credit or debit card. The transaction is verified almost instantly. Until we have a coin that has the quality mass adoption is not even possible. No one is going to wait 30 minutes for their credit or debit card payment to clear. We do have bitpay which is accepted at several stores. Subway and dunkin donuts probably being the best know. That is a giant leap forward. However, the transaction tax for small amounts like 5 usd for coffee makes this an expensive alternative.
The second problem is government taxation. Especially here in the US. Our government will never permit a payment method they can not verify and tax. I know that is the point of cypto and bitcoin in general. Retailers are responsible to add tax at time of sale. Since the government does not accept bitcoin or any alt coin that is not possible. The only reason retailers can use and accept bitpay is that bitpay accepts the bitcoin but pays the retailer in fiat. Usually usd. Major corporations are not going to risk expensive legal trouble in an attempt to help you avoid paying sales tax.
The 3rd major issue is unification. The only coin that has a chance at becoming a true form of payment is bitcoin. No other coin is even accepted at retail locations.AFAIK. With all the altcoins causing diversification that only worsens the problem. You do not see the retailers that accept bitpay running out to try and accept ether. Nor will they. You do not see bitpay expanding to accept ether either. There would be no advantage for them to do so.
Price flucuations are another major issue. Pumper and dumpers cause a huge risk to any retailer that would consider accepting cypto. Fiat does fluctuate in value. Very slightly compared to cypto. A retailer is not going to accept a payment method which may lose 10% or more in value overnight. For now there is decent money in mining and trading.The only safe investment is in bitcoin. Any other cypto is purely a gamble. You do not truly know if there is another hidden premne and someone is just waiting to dump.
Stonisetfool, thanks for your summary of the issues facing crypto at the moment. I think that is a really accurate assessment and in the short term I think your conclusion may be accurate.
In the long run, however, I think altcoins do have a future and I think it should be the goal of the the crypto community to ensure that future. The fundamental gaol of Bitcoin is to decentralize the economy. Using multiple platforms greatly increases decentralization. Multiple dominant currencies will also help mitigate price fluctuations and high transaction fees.
With improvements in exchange integration and payment systems there will be no reason a retailer accepting one cryptocurrency wouldn't accept others. I think we will see business accepting multiple cryptocurrencies soon just as we see options for payment in different fiat now.
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BoardAltcoin Discussion
Re: ICO rating sites
by
BioBuff
on 18/04/2018, 09:13:15 UTC
ICO listing/rating sites are paid by the ICOs. Fees for a simple listing are often around $500 ranging into the thousands for preferred listing status. Not all sites are equal but you are still best off doing your own research.
how much for newby post and comentar every day, is there any limitations?
Yes there are some limitations for newbies, there is a wait time from one post to another post (360 seconds), and maxim number of private messages per day (2). You can find more info in this post: https://bitcointalk.org/index.php?topic=1689727.0
There also seem to be limitations as to which discussions newbys are allowed to post in. For example, I am not allowed to post in the 'Serious discussion' forum (despite my utter lack of humour).
This makes me wonder how many posts are made just so users will be able to take part in the discussions of their choosing but I assume the admins have done the math and made it this way on purpose.
how much for newby post and comentar every day, is there any limitations?
Yes there are some limitations for newbies, there is a wait time from one post to another post (360 seconds), and maxim number of private messages per day (2). You can find more info in this post: https://bitcointalk.org/index.php?topic=1689727.0
There also seem to be limitations as to which discussions newbys are allowed to post in. For example, I am not allowed to post in the 'Serious discussion' forum (despite my utter lack of humour).