Re: What holds you back from investing in Altcoins ?
by
earnestoshodi
on 12/03/2023, 10:48:21 UTC
They are basically high-risk projects with no good or sustainable product. Many of them are simply Ponzi schemes with fraudulent team members. It will really take a good deal of searching to see really sincere and good projects that actually provide solutions to problems and can stand long term
Hello,everyone I think there is an urgent need to end scam in cryptocurrency industry.In other to achieve this there is need to put in place a reputable site that will serve as a symbol of trust in this industry. So that any ICO that does not have the approval of this site will not be trusted. Do you think this can help to eradicate scam in cryptocurrency industry ? Or it can only bring a measure of protection to investor in the cryptocurrency ? Please let's have your opinion
This is will be a good idea if the integrity of the platform can be managed. something that cannot be manipulated or bought. Maybe with escrow for the funds collected
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BoardSpeculation
Re: Expect Bitcoin below $6300-Top five professional Analyst
by
earnestoshodi
on 06/08/2018, 13:37:18 UTC
The charts may tell very interesting stories ,not that they are poor indicators or anything, but a single fundamental news will distort everything and the market will form its own path
I agree with you. I do not think that the introduction of the ETF will fundamentally change it. This is another tool that will take liquidity from ordinary exchanges. The history with ETF resembles a story with the last Consensus.
That is the angle i am scared of , It may all that be rosy, bitcoin was designed to be peer-to-peer payment system, if the 'central authority' that were cut off initially begin to make an investment out of it, I wonder how that will play out on satoshi's vision
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BoardBitcoin Discussion
Re: Bitcoin ETF
by
earnestoshodi
on 06/08/2018, 13:20:21 UTC
The market really do not work as most persons would expect,I even fear the ETF could potentially be dangerous as it could mean wall street having so much control on the market.we all know how that plays out for small investors
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BoardAltcoin Discussion
Re: Do bounty hunters become ICO investors?
by
earnestoshodi
on 04/08/2018, 19:53:36 UTC
Bounty hunters do invest in ICOs also ,especially if the project has a lot of potentials.They become investors as well as promoters as such.Dumping is rare in such cases
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BoardBitcoin Discussion
Re: India's largest private Bank embraces Blockchain
by
earnestoshodi
on 04/08/2018, 19:48:21 UTC
Things may not as bad as previously imagined.A bank will to give the blockchain a trial is a good news, it may help douse the fear about cryptos. Indians love cryptos and some day they will be at liberty to trade freely.
How do you feel about long-term investment? Do you see the priorities in this? What do you think is the reason for this? Where to invest in your opinion?
While there are several nations which are passing laws against crypto world. Thailand has entered the list of the nations which have legalized crypto currency. Thailand is mainly dependent on tourism industry. So I think it is wise decision on t he part of a country where major source of income is from tourism. So it will attract more tourists to this country. It will benefit a lot to the country and is healthy signal for the health of Bitcoin family.
It is always a good news to see this happen around the world.It gives credence to cryptocurrencies and help to drive adoption rate upwards and thus the size of the market
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BoardAltcoin Discussion
Re: [ask]Just Opinion Miners Vs Bounty
by
earnestoshodi
on 02/08/2018, 01:40:53 UTC
Minings are standard investment portfolio and you can rely on them for returns, while bounties are kind of what you would do in your spare time to get some tokens
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BoardAltcoin Discussion
Re: Token goes down. Wait or sell?
by
earnestoshodi
on 01/08/2018, 23:11:11 UTC
If you do not have an immediate need for your money in fiats, you could leave the tokens until prices goes back to its usual value or something close
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BoardSpeculation (Altcoins)
Re: How to start investing with 1$?
by
earnestoshodi
on 01/08/2018, 22:57:36 UTC
That is too small to make anything meaningful from it, you cannot even execute any trade with 1 dollar and even if you do, you will not any tangible gains
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BoardBitcoin Discussion
Re: Does RBI softening their stance with bitcoin?
by
earnestoshodi
on 30/07/2018, 23:07:16 UTC
Eventually the Reserve Bank will yield to the blockchain as would all other countries currently effecting a ban on bitcoin.Only a question of time.
If blockchain technology improves, the capacity of the block is enlarged. Solve the problem of delayed transactions, and more and more people involved. Then five years after the Bitcoin will be what price?
Bitcoins price will increase even more since there will be a shortage after the last wave of bitcoins and because of that, we can expect for the prices of cryptocurrency in the market to increase even more in the future.
Overtime the price of bitcoin will always be on the increase, with some occasional dips in price. Bitcoin will hit at least 100K in the next 5 years
If blockchain technology improves, the capacity of the block is enlarged. Solve the problem of delayed transactions, and more and more people involved. Then five years after the Bitcoin will be what price?
The problem of delayed transactions and high transation fee is almost a thing of the past with the launching of the lightning network
Is not that Nigeria lacking behind?. Hell shouldn't be. I see lome Africans growing faster and faster when it comes to bitcoin utilization but here in Nigeria reverse is the case.
I have not really heard much about the government doing much to promote or hamper the growth of cryptos in Nigeria, only a few projects taking roots here and there, but certainly a good start.
I don't think cryptocurrency will kill fiat. Yes, crypto is an exciting development but there still a whole lot of people who are yet to understand and accept the technology. Fiat will stay for a long, long time, if you ask me.
Me too, i believe fiat will always be a part of our money system, it is the major tool by most government to fix their economy,imagine the government losing the way on the control of money.