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Board Bitcoin Discussion

Re: big banks going against crypto

fidelium1

on 13/06/2019, 00:28:01 UTC

For me, big banks moving against crypto is no longer news and I'm not surprised at all at their efforts to cripple crypto, for them, the overwhelming successes of cryptocurrences means a loss for the banks as money that could have been invested in the banking sector, could easily end up finding its way into the crypto space, thereby denying the banks of the revenue they could have obtained from such transaction.

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Board Economics

Re: The Continuous Printing of Money

fidelium1

on 24/05/2019, 06:44:21 UTC

Printing more money is never a good solution to economic problems, in fact on the long run, it worsen the situation. I will encourage that in the face of social and economic challenges, meaningful policies should be made rather than printing more money.

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Board Bitcoin Discussion

Re: TOP 10 BITCOIN CITIES IN THE WORLD

fidelium1

on 26/09/2018, 15:12:10 UTC

Quote from: LeGaulois on September 25, 2018, 10:04:25 PM

The number of businesses in a city accepting cryptocurrency isn't what makes it the top 10
The number of users is, by far, more important and show the real picture of the city. If a city has 100 businesses accepting cryptocurrency but nobody is using it then it's worthless. You can have 100 businesses accepting crypto but if only 0.001% of the transactions are paid in crypto then it shows nothing (especially considering most of them are small or very small merchands)

I can say categorically that the number of businesses accepting bitcoin as a means of transaction is directly related to the number of users. If you have users and there are no merchants, then how do you encourage users to keep on using bitcoin? For there to be that much merchants shows that the users are available, remember that the businesses are owned by people who wants to make money, they must have seen the potentials before taking their decisions.

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Board Bitcoin Discussion

Re: TOP 10 BITCOIN CITIES IN THE WORLD

fidelium1

on 26/09/2018, 14:41:52 UTC

Quote from: 9jaflick on September 25, 2018, 11:00:28 PM

I need to see Africa countries taken part in this race, any Africa country will done!

As an African, nothing would make me happier than to see Africa move up in radar of countries using bitcoin, Nigeria and South Africa are particularly impressive.

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Board Bitcoin Discussion

Re: TOP 10 BITCOIN CITIES IN THE WORLD

fidelium1

on 25/09/2018, 20:53:43 UTC

Quote from: fidelium1 on September 25, 2018, 08:47:37 PM

Bitcoin is a digital currency that has gained so much attention in the last few years, it is no longer news that a lot of people in countries and cities are embracing bitcoin and other cryptocurrencies as the day go by, but what may be news is what city or country is bitcoin accepted the most. As obtained from FORBES website, a research was carried out recently to determine the cities with most Bitcoin-Accepting Vendors in the world. From the research, the top 10 cities is as listed below:

CITIES (COUNTRIES) NUMBER OF CRYPTOCURRENCY-ACCEPTING BUSINESSES
1. PRAGUE (CZECH REPUBLIC) 147

2. BUENOS AIRES (ARGENTINA) 141

3. SAN FRANCISCO (UNITED STATES) 117

4. MADRID (SPAIN) 101

5. NEW YORK CITY (UNITED STATES) 101

6. AMSTERDAM (THE NETHERLANDS) 88

7. BOGOTA (COLOMBIA) 87

8. VANCOUVER (CANADA) 86

9. LONDON (THE UNITED KINGDOM) 85

10. PARIS (FRANCE) 82

It should be noted that in order to find Bitcoin hotspots around the world, the research used Coinmap on July 24, 2018. The number of BTC-vendors listed in a city was recorded and did not include corresponding suburbs. It is worthwhile to also state that CoinMap relies on crowdsourcing to list all BTC-accepting vendors. For more information, see link below:
https://www.forbes.com/sites/alexandratalty/2018/07/31/the-top-10-bitcoin-cities-in-the-world/#225ddee54565

Anyone surprised about any of the cities? I am particularly surprised about Madrid being among the top cities, before now, I had always thought that Spain as a whole is not a place for Cryptocurrency.

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Board Bitcoin Discussion

TOP 10 BITCOIN CITIES IN THE WORLD

fidelium1

on 25/09/2018, 20:47:37 UTC

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Board Bitcoin Discussion

Re: INTERNATIONAL ANTI-MONEY LAUNDERING STANDARDS FOR CRYPTO

fidelium1

on 21/09/2018, 15:55:06 UTC

I think to achieve this FATF would have to target the various exchanges, but the challenge here is that some countries will not agree to some of the terms and even some of the countries that agree to go with the rules may not be able to enforce it. However, it is still a very good news for Bitcoin and Cryptocurrencies at large.

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Board Bitcoin Discussion

INTERNATIONAL ANTI-MONEY LAUNDERING STANDARDS FOR CRYPTO

fidelium1

on 21/09/2018, 09:16:57 UTC

The Financial Action Task Force (FATF) recently said it is about achieving the goal of setting a set of Anti-Money Laundering (AML) standards for Cryptocurrencies that can be implemented globally, for me this is good news, what do you think? See link below:
https://cointelegraph.com/news/international-anti-money-laundering-standards-for-crypto-expected-in-october

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Board Speculation

Re: How much the power of news can affect the Bitcoin price?

fidelium1

on 09/09/2018, 22:42:16 UTC

Without any dispute, the price of bitcoin is certainly affected by news, that is part of what forms the technical analysis (TA) in bitcoin analysis. But it should be noted that the effect that any news will have on the price of bitcoin depends on the source of the news and the authenticity of the news.

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Board Bitcoin Discussion

Re: Vitalik Buterin: Crypto, Blockchain Space Won’t See ‘1,000-Times Growth’ Again

fidelium1

on 09/09/2018, 21:45:32 UTC

Never again will such a crazy growth be witnessed within the short time that it previously did, very soon, any coin that doesn't have real economic application and usage will be condemned to die a natural death.

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Board Bitcoin Discussion

Re: Are you aware that some Banks accept Bitcoin?

fidelium1

on 07/09/2018, 22:53:55 UTC

Quote from: Aveatrex on July 29, 2018, 11:16:02 PM

Yo guys,
Are you aware that there is some banks that accept Bitcoin like Neteller or Skrill? I just discovered it so I was surprised.You can deposit your Bitcoin and use your Bank/Credit card to withdraw.
Now,it doesn't matter if Paypal adopt Bitcoin or not since it's primary competitors have already done so.*
What do you think?

Wow, this is news to me, although I'm sure this feat has not been replicated in many other countries of the world, I just hope that this development will lead to more of such happenings.

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Board Beginners & Help

Re: New token

fidelium1

on 05/09/2018, 07:00:31 UTC

Quote from: playmain on September 03, 2018, 06:37:54 AM

I want to ask something what happen when for example there is token just finished ico and the price 1$ and some people sell 1000 token. I mean what happen if no one want to buy this token. is that make project die? cause i believe theres will be no volume.

From my observations, most times, Tokens tend to fall below their ICO price once they are listed, as a lot of buyers might not want to buy at that price, but once it falls a little below the ICO price, people begin to buy and then the price shoots up gradually, especially if the Token has good usage. On the other hand, if nobody buys at the $1 mark, the Token remains without volume, but this doesn't signify the death of the Token, if sellers decide to sell below the $1 price, it still doesn't mean the Token is dead, the Token begins to die if sellers begin to sell way below the $1 price (for example, selling at $0.0000001) that it gets to a point that nobody wants to sell at that price and nobody wants to even buy at that price. At this point, we can almost conclude that the Token is dead.

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Board Beginners & Help

Re: Begging merits

fidelium1

on 04/09/2018, 21:46:43 UTC

Your question looks very funny, but it's not out of place. The truth is that nobody will give you a merit because you begged them to, you can only draw their attention to your post which you believe is worth awarding a merit.

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Board Bitcoin Discussion

Re: NEWS Venezuela plans to create a cryptocurrency Central Bank

fidelium1

on 26/08/2018, 22:28:40 UTC

I love what Venezuela is doing, but my problem with the whole thing is; how does a country that cannot pay her debt use her oil barrels to back up her Cryptocurrency? I don't understand how that works.

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Board Bitcoin Discussion

Re: We need to change

fidelium1

on 21/08/2018, 22:50:38 UTC

We really need to change. Why can't we all work together to be part of the generation that against all odds ensured that bitcoin became a global currency, why can't we be history makers by eliminating fraud and making transactions as smooth as possible in a record time? Why are we so desperate to bury our neighbours financially? Let's join hands together to make the world a better place.

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Board Beginners & Help

Re: How much is the best price for Starting Cypto investment/Trading/ETC

fidelium1

on 18/08/2018, 19:54:43 UTC

I would say there is no specific price for crypto that can be said to be the best price to start up Cryptocurrency investment, I would advice you start with the little you have, please make sure it's what you can afford to let go if things doesn't turn out well.

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Board Bitcoin Discussion

Re: Bitcoin Investors Eye Turkey As Lira Plummets 20%

fidelium1

on 17/08/2018, 21:25:19 UTC

At this point in time, I think investments by Turkish investors in bitcoin is a step in the right direction.With the extremely high volatility now being experienced by the Lira, it was always going to be a matter of time until the people started seeking for an alternative.

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Board Archival

Re: EDUCATING PEOPLE ABOUT CRYPTOCURRENCY

fidelium1

on 16/08/2018, 22:11:37 UTC

Although there has been series of enlightenment campaign going on towards making people more aware of cryptocurrency, but there is need for more efforts as fraudsters now exploit peoples' ignorance about bitcoin. A lot of my friends have been complaining of being flooded with offers of free bitcoin by just following their links, but this has got to stop.

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Board Bitcoin Discussion

Re: A lot of hacks, whats the solution?

fidelium1

on 05/08/2018, 22:54:21 UTC

if you want to prevent your account from being hacked, you have to ensure that you don't give out private information about your wallet, you must never give out your private key or password, you must be sure of the sites you visit even when you want to login to your wallet account, be sure you are visiting the authentic site as this is one major reason people get their accounts hacked.

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Board Bitcoin Discussion

Re: Why did the government want to kill Bitcoin?

fidelium1

on 05/08/2018, 22:07:08 UTC

I won't blame the government so much for trying to do everything to kill bitcoin, the government reckons that if bitcoin is allowed to enjoy a very smooth sail, a lot of people will avoid the banks and embrace bitcoin instead for trans-border and even some local transactions thereby reducing the bank's earnings and consequently a reduction in government's revenue from the banks. The fact that it is difficult to tax businesses done with bitcoin gives the government another reason to want to kill bitcoin, government lose money when businesses are done with bitcoin.