Messages

31

Investing & Make Money Discussion / Re: Facebook's Libra Cryptocurrency Project: 7 Key Things Investors Should Know

« on: June 19, 2019, 09:46:36 AM »

Even KYC is not needed i think as fb already has all our information like even DOB, phone number, address and much more

32

Crypto Discussion / Binance to block US customers from trading on the exchange..

« on: June 19, 2019, 09:44:59 AM »

Is it going to be a positive or negative impact ?

33

Trading / Re: Cryptocurrency trading

« on: June 14, 2019, 11:37:39 AM »

Is it safe to trade on binance exchange after it got hacked ??

34

Crypto Discussion / The Most Common Misconceptions About Bitcoin

« on: June 14, 2019, 11:36:18 AM »

Most people from around the world that hear about Bitcoin are confused. It is completely normal to feel like that. Bitcoin is relatively new. It appeared in 2008 as a white paper written by Satoshi Nakamoto, an alias of a person that nobody knows. Then, the official launch as a currency took place in 2009.


Nowadays, there are numerous articles written online about cryptocurrencies, and countless websites that cover other options, like stablecoins. However, there is no denying the fact that Bitcoin is the most popular cryptocurrency out there. Even so, there are many misconceptions associated with Bitcoin. Below you can read about the most common ones so that you can be better informed about the most popular cryptocurrency.

“This Is A Bitcoin”
When Bitcoin is presented in the media, it is usually shown as a coin with a specific design. Because of this, the golden token is what many think Bitcoin (BTC) is. In reality, this conception of the token is worthless and just a symbol.

The best way to describe a Bitcoin is to say it is a digital currency. Practically, the currency does not have a physical form. You will never see coins that are minted.

“An Entire Bitcoin Needs To Be Bought”
One of the most interesting things about Bitcoin is that it is divisible up to eight decimals, as opposed to a regular currency like the US Dollar, which can only be divided up to 2 decimals. This means you can hold as little as 100 millionth of a Bitcoin.

Historically, the value of 1 BTC reached a maximum of $19,783.06. This means that buying 1 BTC is not something that most people can afford. Due to this reality and the huge potential value of cryptocurrencies in general, the eight decimals are in place.

“Bitcoin Has No Intrinsic Value”
Similarly to all currencies in the world, Bitcoin has value because there are millions of individuals from all around the world sharing the thought that the cryptocurrency offers a much cheaper, faster, and safer transaction network. There is a limited supply of Bitcoin possible. People have to own currency units in order to take advantage of the transaction network, so there is a value associated with Bitcoin.

“We Already Know Everything Bitcoin Offers”
When the internet appeared during the early nineties, nobody knew what the future would offer. Numerous companies appeared and started developing
Read more on:https://medium.com/altcoin-magazine/the-most-common-misconceptions-about-bitcoin-780a763cf8b1

35

Trading / New Modern Crypto Currency Exchange: Zero transaction fees till 30th June'19

« on: May 28, 2019, 01:33:39 PM »

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36

Crypto Discussion / Re: Binance conducting icos

« on: May 28, 2019, 11:13:50 AM »

I no longer trust binance exchange after the superficial explanation of the exchange getting hacked

37

Crypto Discussion / Re: What is Initial Exchange Offering?

« on: May 28, 2019, 11:12:29 AM »

 Initial Exchange Offering IS termed better than Initial Coin Offering as it is more secured in terms of privacy, KYC etc
As IEO is not open to the public and is restricted to the exchange users which in a way are already compliant with KYC/AML. This gives the project access directly to credible and the project does not need to re- KYC them.
Marketing is also Relatively low- as the exchange does the major part of marketing

38

Crypto Discussion / Re: Hacking of binance and implications for the industry

« on: May 27, 2019, 10:49:36 AM »

8 years for Coinbase, 6 for kraken, no hacks. Binance only around 2 years, and this is their second security incident

39

Crypto Discussion / Re: Too many altcoins

« on: May 27, 2019, 10:46:50 AM »

Having more alt coins also means having more options to choose from
though research and study about the coin still remains the base

40

Crypto Discussion / Re: Views about binance exchange getting hacked

« on: May 27, 2019, 10:45:14 AM »

Updates around twitter say that the "Hack" was a hoax. It never happened. The reality is that it was an inside job: only admins or staff have to permission to move funds! It was a move to funnel coins (BTC) from staffer's account to another.

41

Hindi Language / Re: Indian Street Protests for Cryptocurrency

« on: May 25, 2019, 09:42:31 AM »

There are still people to trade with crypto in india..

42

Trading / Which exchange can i get BCH from

« on: May 25, 2019, 09:40:27 AM »

Which exchange can i get BCH from ? Is it worth buying bitcoin cash

43

(TR) Haberler / Re: Ledger CEO’su: Binance Hacklenmesi Satışları İkiye Katladı

« on: May 25, 2019, 09:37:24 AM »

The whole explanation behind the hack and the details they did release didn't add up and were a little shady. 

44

Crypto Discussion / Re: Hacking of binance and implications for the industry

« on: May 24, 2019, 10:55:37 AM »

Why were no legal authorities contacted to investigate the hack of binance ?
If the Binance is making everything so transparent about the hack, people should be made aware of this info as well

45

Crypto Discussion / Re: The World's Most Secured Exchange gets hacked, A new side to the hack

« on: May 23, 2019, 11:54:12 AM »

but what if the hack was done on purpose ?
maybe to promote binance dex or xyz thing
All social media platforms are talking about an insiders job..

Just confused whom to trust and go with...