Unfortunately, there are still governments out there that are slightly resistant to the idea of blockchain and cryptocurrency making its adoption in e-commerce a little slow.

Even during this time, wireless fiat payments via the usual payment service provider VISA, MASTERCARD, WIRECARD is still the predominant methodology for transactions.

Blockchain might still be seem as a renegade method of payment and wouldn't experience widespread adoption.

Just a curious question as to how is this different from DIGIX?

You are right by saying that this is a predicted phenomenon after the halving event.

There are some opinions regarding the way forward after BTC halving which could include the following:

1) The entire idea of halving is to force miners to be more efficient, so weeding out the inefficient and unsustainable ones are part of the beautiful design of blockchain
2) The remaining mining pools might consolidate to combine resources
3) There will be players entering the market once again when the price reaches a higher level that would make mining profitable again
4) When GPU technology advances further (with 7nm and 5nm production capabilities - and research has started for 2nm) it will be more efficient yet have a much higher hash rate.

This is my personal opinion, but if this happens, everything will be accelerated
1) The involvement of large datacentres and academic bodies to form their own mining pool.

Bitcoin really obtains their value from the fact that there is limited supply, heightened demand, and utility (for investments or transaction purposes).

Unlike major currencies around the world where the central banks have in place a form of monetary policy to control the supply of currency in circulation, bitcoin and blockchain is wholly dependent on a decentralised network whose performance is totally reliant on market forces.

Also, given the increasing acceptance of such digital assets in societies, this legitmises the coin as having intrinsic value (currency only has this as it is legal tender aka the government putting their chop/backing on the currency).

There are governments around the world who are afraid of this and accuse cryptocurrencies as a way to launder money, for illicit activities, etc. But their main concern centers heavily on tax-evasion - our government earns its keeps via taxes (more often than not).

So hold on to your bitcoins if you have any, and watch it go up up up!

Hope this helps!

 

Investing in altcoins is considered fairly risky in 2020.

Most of the popular ICO/ITOs in 2017 and 2018 (at the peak of all the hype) have almost been dissolved with investors losing almost everything.

I personally invested in this company called JET8 Foundation (issued J8T tokens) where the project team cashed out the capital funds and left the token to die. If you check coinmarketcap and other exchanges it is listed on, the ROI states -98.7%.

That's the investment change to date.

Thus far only the super popular and hyped-up projects like DIGIX, TRON, XRP, EOS, etc that are considered doing well.

Thread carefully when investing in altcoins. Don't believe all the hype that is created by others unless it is by a trustworthy team with sound tokenomics.

Believe most expert opinions out there points to a few observable trends and predictions:

1) Mining operations will fall after the halvening (some reports has indicated around 30% has already shuttered - especially those on older antminers)
2) For mining operations to continue, the price needs to be stable at above US$10,000, or thereabouts, depending on other factors below
3) Mining operations using newer equipment (that has lower wattage use and a larger hashing rate) would be able to make a profit (albeit smaller now)
4) Mining operators would be forced to join resources to spread out liabilities and risks (Especially when it heads towards subsequent halvening)
5) Mining operators in countries with low electricity cost, high security, and minimal government intervention will survive
6) Probably only if technology progresses quickly enough would there be opportunity for mining operations to thrive
7) Government subsidies (if any) also poses an avenue for mining operations to survive
In the future (not too far from now), when all the bitcoins are mined, all operations will seize/close down except for the largest mining pool to process transactions (by then, with the monopoly in place, transaction fees will be high)

The good news is, as we continue to mine, the BTC prices will fluctuate less, and the rarity factor will soon make the price rise due to demand and hopefully attain its full market capitalization potential.

This is such terrible news.

As with natural disasters, scammers do not differentiate between nationality, races, or religion - they just take everything.

Unfortunately, if the scammers go by the dark net way and launder your stolen bitcoins (BTC) it would become absolutely difficult to trace.

In fact, as it is, it is almost impossible to get your BTC back unless that wallet was created in a reputable exchange that has strict KYC protocols.

The fact that blockchain was meant to be decentralised, and in a way, annonymous and private, it is going to be really tough.

You have my condolences and hope you guys pull through.

And remember never to go to unreputable sites to get any of your software - most people go directly to github.

Thanks.

Ripple (XRP) has immense potential due to its availability/utility, and "widespread" adoption.

It only went up in the first place due to the bull-run from BTC - almost all cryptocurrencies will follow.

Moreover, with the BTC halving event, inflation and fluctuations will be rarer moving forward.

The only way now for Ripple to increase (independently) is somehow for an sudden increase in capitalisation (people buying into XRP through exchanges from Fiat, BTC, ETH , ERC20 tokens) or, very unlikely, the burning of tokens in circulation.

For a project that is gunning for large scale adoption by the public, it is unlikely that that would happen.

You just have to project long and just keep your tokens safe.

Maybe one day, you would see the returns you are expecting.

Good luck!

To be honest, bitcoin (BTC) is still considered the de-facto first port-of-call for investments just because of its ability to fluctuate.

However, as the market matures and the curve is flattening (like the current covid-19 in some countries).

Moreover, with the halving event taking place, the lesser supply into the overall pool will also stabilize the market a little more too.

The trend is determined mainly by the "whales" as they control a large stake in the whole BTC pool.

Unfortunately, that means that them buying or short selling will affect the price quite a bit (and people then to follow their lead in a bull-run or otherwise).

The long-term potential for cryptocurrency is still there though.

You may refer to this article I read quite recently regarding the potential towards full-capitalisation for crypto assets.

https://medium.com/datadriveninvestor/why-icos-fail-are-they-still-worth-3b9a20a6ad9c

Unfortunately, the first time I bought altcoins (J8T) under JET8 Foundation, I immediately lost all my money as the value of the tokens went from $0.10 on launch day, to $0.00001 within the span of a week.

Believe they cash out the capital and just forgot about the whole tokenomics and/or token buy-backs, an injecting funds back into the tokens.

Some other projects burn some remaining coins as well and set a safe 10% buffer in the back-end, just to control the pricing.

Unless projects are IEO or security-backed, I would say be very careful with all the ICO/ITO that are coming up - the industry is still mired with scammers unfortunately.

Thanks for sharing your insights!

The thing is there are certain ICO ranking/listing sites that accept crypto payments to be listed and might in a way, skew its credibility too.

But I know in general, most of this ranking/listing sites requires pretty extensive credentials better they would even consider reviewing/listing the tokens.

Of course, when ICO scams were a thing, people were definitely more than able to put in that little bit of effort to scam others of millions.

At least with IEOs now, exchanges can regulate the token offering industry a little better.

https://aexon.co/wp-content/uploads/2020/05/AEXON-Launch-1-scaled.jpg

For more information on the AEXON project, please refer to the following links:
Website: https://aexon.co
Facebook: https://[Suspicious link removed]/AEXONFacebook
LinkedIn: https://[Suspicious link removed]/AEXONLinkedin
Whitepaper: https://[Suspicious link removed]/aexonwhitepaper

Telegram Group (REFERRALS/BOUNTY/AIRDROP Announcing Soon): t.me/aexon

Thanks and I have definitely learnt my lesson on this front.

I'm actually just trying to do an on-ground survey on the perception of ICO/ITO/IEO and whether having a named lawyer at its helm (as a Founder) would sway confidence in any way.

I'm currently assisting with an IEO project called AEXON (https://aexon.co) with a senior accredited lawyer practising in Singapore running the whole show.

With all the talk about scams, was just wondering if this would bring peace of mind to investor (given that Singapore has strict KYC and AML laws as well).

Thanks for sharing anyways!

Hey there everyone,

Just a curious question on the perception differences between a regular ICO and one that was run by an accredited lawyer - would that make a difference to you as in investor?

In the past, at the height of the ICO investment craze, I know that name dropping companies and "respected" individuals as advisors would almost be enough to convince investors who didn't know better.

Moreover, now there's a greater shift towards IEOs for scam prevention purposes with counter-party checks.

Just a curious question! Share your thoughts!

P.S. Yeah, I was one of those who invested in an ICO project called JET8 that currently has an ROI of -99.8% haha shoutout to anyone who flushed their money down this way.