Samotokika

On 7/29/2020 at 4:26 AM, Altcoinfan said:

It's been long time since I earned my first litoshi and since I missed the moment in the past to buy a whole Bitcoin I managed to do it with Litecoin. I had stopped earning Litecoin for some time, I was holding but never buying or selling until two months ago. I saw that one of my fav altcoins' price is suppressed and I like buying assets while they're cheap so I bought some again and started buying since then. I don't know why but I feel like this year Litecoin's gonna go big. It's just 6th sense I think. Its price's woken up a bit lately and this made me think my senses didn't lie to me...

Why I invest in Litecoin? Here are my reasons:

- Litecoin stands the test of time - appeared in 2011 and it is still alive and kicking and working ok

- Litecoin's code is close to Bitcoin's one but it's optimized for faster transactions - so if you like Bitcoin you should like Litecoin as well

- Litecoin transactions are fast

- Litecoin transaction fees are really low

- After so many years of existence despite all new crypto that appeared meanwhile Litecoin still keeps its market capitalization high - it's still in top 10. Currently at 8 position

- Litecoin's creator is Charlie Lee - a computer scientist who worked in Google but once he started his work on Litecoin he's now fully devoted to it

- In crypto space Bitcoin is regarded as crypto-gold but Litecoin is the crypto-silver so if that is true - in the end only gold and silver will shine

- It's dirt cheap now having in mind all qualities it has

 

What do you think of Litecoin in 2020? Do you buy, sell or hodl now?

Obviously dude litecoins are becoming widely used because it has lot of benefits on other coins and also it increases in the upcoming year.now more people sre adopting it.

Yes cryptocurrencies are very much important as it made our lives easier and comfortable.its vast advantages easy transactions will bring all of us close to it.

On 12/7/2019 at 6:00 AM, josephrioveros123 said:

I have been trading bitcoin and collecting bitcoin for some couple of months now. And I introduce it to a friend. And rejected it because he says that it is use for black market. Is it true that bitcoin is often use for black markets? Why is it always use in black market. 

It all depends upon the the humans behaviour that they deal with Bitcoins and in which way they use their money it is not the Bitcoin mistake so we should change ourselves not leaving the currency

On 3/13/2020 at 12:15 PM, Upright said:

Because as I one, when the price of bitcoins drops on lows, it's instead one-off the best times on having to invest in the Bitcoin and altcoins, as this to me some users will be tempted to sell out their coins from the losses which they have inquired. And as users buy more of coins during their dumb it even at bearish seasons, they tend to gain more profit if holding on bullish times. That's why there's this thing on buying enough when the prices are low

Yes it is rule of the trading or investing that buy coins on the lower rate and sell them when the rate is high in the market value of cryptocurrencies so as Bitcoin is now much higher so this time is to withdraw it and sale it but when it was at lower price then it's a good choice to buy them

On 10/19/2019 at 4:13 PM, masterofgg80 said:

Many individuals have known about the advantages feasible with BTC speculations and chose to contribute. The ongoing business sector difficulties have blended an extremely unavoidable issue in the psyches of new financial specialists...

yes their are lots of people who are not much familiar with investing and they make mistake in it. So before investing we should have proper knowledge and also be vigilant and check in which ways they invest.

On 12/18/2019 at 10:05 PM, SuperCrypto said:

Cryptocurrencies have emerged, with more hope for some, more anxiety for others, a whole new idea, a genius invention until it is said that its inventor deserves a Nobel Prize in economics.
A new financial system that no one controls or manages, as it is outside the control of states and traditional economic systems.
But :

Will digital currencies stand up to the challenges they face and will have a presence in the future?
Will digital currencies one day become an alternative to banknotes?

Will digital currencies pose a threat to the current economic system, or can states and governments coexist with them?
Why digital currencies pose a threat from the basis on the systems and countries?

Here is a sample of many questions going on in Bali and on the mind of many interested in crypto.

Yes dude its obviously if cryptocurrencies becoming much more popular and it has showing a good rise in its value so in the nearby future it would be much more high and compete with physical currencies but it can't replace it completely.

On 1/11/2020 at 5:58 PM, hmind said:

I sometimes get sick and annoyed too when hearing some people who don't understand crypto problems easily consider it gambling.  Why and why do they think and mostly directly like that?

Yes dude I don't know why some people are not taking it serious and just saying that it is a gambling ans scamming process so I think they are not much literate about and knowledgeable about the cryptocurrencies otherwise they will never say this.

On 1/19/2020 at 8:10 PM, RAMENSOUP said:

Is blockchain a wallet? I've heard it everywhere here in this cryptoworld.  Is a wallet the only function of blockchain ? or is there something more ? I'm confused. 

Dear friend block chain is itself wallet and there are a lot of currencies in which you would deal with. there are also other wallet but blockchain wallet is one of the best. We can easily deposit and withdrawal by this.

On 4/22/2020 at 1:30 PM, SuperCrypto said:

It has become known to us that central banks hate bitcoin BTC, and other digital currencies, because of their disruptive advantages, but these banks resorted to the idea of launching their own cryptocurrency in most countries of the world, so how will this affect Bitcoin and the rest of the market?
Do you think that the Bitcoin status of BTC will be bad during the coming period, due to the spread of the idea of the cryptocurrency linked to the central bank, or will it be a regular competition, we would definitely like to know your opinion?

Yes do you are right in some ways like they also have some fear of people attracted towards cryptocurrencies but also there is another reason of not accepting the cryptocurrency is that it is not have any physical look so it's hard to manage in this banks.

On 12/25/2019 at 3:36 PM, Maxtron73 said:

Who thinks that investing a certain amount of crypto can virtually change out lives and make us leave out day job and live life without the need to go working again ? Just think about who bought bitcoin 5-6 years ago or some coin like XRP when it was under 1 cent 

It could be possible that people leave their jobs if they have a good profit in cryptocurrencies but you know it is totally virtual and no one can totally depends on it and leaving his job. And also it took some time to be successful in the virtual currency world.

On 10/29/2019 at 5:28 AM, bobjoemega said:

   For everyone to be successful in any domaine he need to know the issues that can be in it, and also in project, you need to find the errors that can destroy you in the future, if you don't know it before, so here i'm giving you the most two dangerous error that you need to avoid : 

1- Don't for get to make a backup, for all your keys and memes, because if you lose the original and you don't have a backup, you will never be able to get to your coin.

2- Never store your CryptoCurrencies, in a hot wallets, like exchange or website.

Thank you  so much for your advice no doubt safety of coins is much more important and these backup will provide them to be safe from loss of our coins..

On 10/17/2019 at 2:19 AM, Glossy said:

What are you doing to protect your crypto?

There is big danger that someone will take your crypto assets from you, so we must be careful in protecting them.

 

Here are some of the rules that help us protect them:

1. If you hodl crypto then use hardware wallet or cold wallet - copy the seed and store it on 2 or 3 safe locations - same with cold wallet

2. Don't let your assets stay on exchange too long

3. Always be careful before investing in ICO - research the team and the project

4. Never trust anyone who contacts you on Telegram group and offers you "some great deal"

5. If something seem too good to be true, it is probably scam.

 

If you have any tips please do not hesitate to share it

 

Stay safe my friends

 

If you find this thread helpful feel free to mark is as interesting

 

 

Thank you so much for your detailed information regarding the safety of cryptocurrencies no doubt there are a lot of issues now because cryptocurrencies are becoming more popular as more people are trying to steal  other persons assets so we should protect them and your points would really help in the way.

On 1/24/2020 at 8:04 AM, Oluwaseun said:

The question I truly want to ask is that, is it possible to transfer the coins being acquired right now on the platform to another wallet and if so how is this done. Can someone please enlighten me on this. And I am sure there are lits of people that are also looking for answers for this as well. Someone who has been on this platform and has sold his or her coin or transfer it should answer.

Yes dude it is surely  possible if  you can transfer your Bitcoins into some other coins in the wallet and then you can choose your withdrawal account by giving your yobit account details and your money would be withdrawal to your specific account 

On 1/9/2020 at 11:05 PM, cryptomosin said:

 

 

On this video I talk about one top youtube alternatives for 2020 that I have picked which is a Cryptocurrency Project called Contentos and their video platform Cos.TV. A platform built on top of the Binance Blockchain that pays users and content creators in Cryptocurrency for their usage. You can make money watching videos. Content creators can get paid on their first uploaded video and users get paid for watching the videos, leaving comments, giving Likes, etc. This video platform got my attention because it's gotten pretty popular in the Brazilian community the last couple of months. COS is a Proof of Stake coin that runs on Binance Chain, on this video you will learn more about the project, how to Stake your coins, transfer, and how to upload content and make money. Enjoy.

Dude thank you for sharing this information but nobody knows about the right and wrong of such videos there are a lot of fake things mentioned and it could somehow helps you to earn but can't give you some learning.

On 2/28/2020 at 8:04 PM, Efs said:

10. The scandal with Kraken flash crash

Kraken, a noteworthy Bitcoin exchanging stage, encountered a flash crash that made the cost of the digital money abruptly fall from $8,400 to $75.

Not long after, the cost settled again and many didn’t even notice it. It was essentially thought of like a glitch in the framework. In any case, an investigation from CipherTrace proposes that the accident was brought about by a hack.

As indicated by CipherTrace’s examination, the hacker compromised the account of a client with a lot of digital currency and took 1200 BTC, which was worth more than $10 million at the time.

9. Israeli fraudsters

As indicated by CipherTrace, two siblings from Israel were captured on June 21 for an alleged phishing trick that went on for a long time.

In this time, the Gigi brothers, Eli, 31, and Assaf, 21, are claimed to have taken over $100 million in digital money.

The crypto scammers are claimed to have baited investors from crypto trading forums, for example, Reddit onto sites that mimicked prominent crypto exchanges.

8. XRP worth $10 mln stolen from GitHub

Programmers had the option to snatch around $10 million worth of XRP from GateHub clients in June this year. Gatehub made a preliminary statement on June 6, uncovering that the cybercriminals had the option to steal money from 100 XRP Ledger wallets.

While the organization is as yet researching how it could have occurred, all the wallet holders were reached and more than 500,000 XRP (worth $200,000) has been recovered so far.

7. $18.7 mln Stolen in a South Korean Ponzi Scheme

Specialists from South Korea have applied AI components to reveal a multimillion-dollar Ponzi plot that swindled more than 56,000 financial specialists. The investors were mostly new to crypto exchanges, with the larger part being in their 70s. The unlisted M-token was guaranteed to bring 600%, which is the thing that baited users in.

This case demonstrated the handiness of AI for crypto agents. The calculations were prepared to recognize watchwords identified with unreasonable guarantees and individuals’ motivating force plans, which are run of the mill of staggered showcasing. This innovation has the potential for a more extensive application.

6. $27 mln “typosquatting” trick in Europe

This year, news covers featured the following heading: “Six captured in UK and Netherlands over $27 million “typosquatting” trick. The six people took Bitcoin tokens of about 4,000 people.

The individuals who were associated with a Bitcoin trick worth $27 million were captured in June, as indicated by a Europol official statement. Following a multi month-long joint examination, specialists all the while captured five men and one woman at their homes in southwest England and the Dutch urban communities of Amsterdam and Rotterdam.

The robbery influenced more than 4,000 exploited people, who were spread out in 12 distinct nations.

Europol said the examination revolved around “typosquatting”, a strategy which involves making a fake digital currency exchange to access users’ Bitcoin wallets. The examination was completed as a joint activity by the UK South West Regional Cyber Crime Unit (SW RCCU), the UK’s National Crime Agency (NCA), and the Dutch police.

Pay attention to typosquatting websites!

5. $30 mln stolen in a Canadian ICO Fraud

K.P. Hobbs and L.A. Cheng, a couple from Canada, are confronting a claim from the B.C. Common Forfeiture Office in Canada being accused of raising $30 million through an ICO fraud.

They propelled one of the most notorious cryptocurrency scam coins, FUEL token, and they persuaded investors that it would be utilized for future items and develop in utility and price. The activity finished with the appropriation of investors’ assets for individual use, including luxury expenses, for example, obtaining of a townhouse in Coal Harbor, the acquisition of two Range Rover SUVs, and a multi-million dollar gambling spree.

4. $40 mln Stolen in Binance hack

Our crypto scam list wouldn’t be full without mentioning this notorious case. Binance, one of the world’s biggest digital money exchanges, had BTC worth $40 million stolen in May.

While it is exceptional to see a platform like Binance get hacked, the cybercriminals managed not only to take 7,000 BTC but also revealed two-factor confirmation codes and API tokens. Binance likewise uncovered that the programmers had the option to compromise “exceptionally high net-worth accounts”.

In spite of the programmers pulling off $40 million worth of BTC, the effect wasn’t extraordinary for Binance since it was just 2% of the trade’s general property.

Here are the weak spots hackers search for

In an announcement on their site, Binance expressed: “The programmers had the persistence to pause, and execute well-organized activities through numerous apparently autonomous records at the most ideal time. The exchange is organized in a manner that passed our existing security checks. Tragically we were not ready to obstruct this withdrawal before it was executed.”

3. $51 mln stolen in a Taiwanese Ponzi Scheme

In Taipei, seven men were accused of cheating more than 1,000 investors of $51 mln. Clients endowed their assets to them hoping to get 335% in yearly returns. Soon the returns ceased, and the investors ended up losing money.

This case will no doubt lead to the detainment of these men. Also, it has made the Taiwanese Cabinet acquaint corrections with the Money Laundering Control Act and the Terrorism Financing Prevention Act, so as to control direct crypto activities.

2. $71.6 mln Scammed in an Indian ICO Fraud

The start of 2019 denoted the fourth capture in the Mumbai trick case, which saw the burglary of $71.6 million. Amit Lakhanpal, the proprietor of MTC (Money Trade Coin) is associated with running a fake ICO. Indeed, it had never been recorded on any known exchange, yet this didn’t discourage investors from sharing their money – the promised profits were too alluring.

Amit Lakhanpal is associated with misleadingly inflating the cost of his tokens to pull in investors, which made them lose millions. The bitcoin scammer likewise made investors believe that the royal family of Dubai had supported his project.

Amit Lakhanpal with Salma Al Kitbi

1. $114 mln Scammed in Sofia-Based Illegal Trading Operation

The biggest crypto trading scam 2019 cost investors over $100 mln! The police of a few European countries, particularly, Germany and Austria, have revealed a criminal group operating fake binary options and crypto exchanges in Bulgaria and the Czech Republic. Clients of Optionstars, XTraderFX, Cryptopoint, SafeMarkets, OptionstarsGlobal, and Goldenmarkets were tricked in by alluring rates and inevitably lost $114 million.

These cybercriminals controlled various offshoot organizations, including a contact center and program suppliers. The police struck 21 organizations and 4 homes in Sofia before they found all the elements of the crime. In the result, the supposed mastermind behind the trick was captured, and six-figure entireties, alongside terabytes of information, were sequestrated.

 thank you so much for your vital information as I am unfamiliar of all these type of scamming and scamming is now becoming very much popular,people steal other people money for their own benefits so we should save from them and protect ourselves from such scamming sites and people.

On 10/19/2019 at 5:29 AM, Keith700 said:

Bitcoin is not a fiat currency of legal tender in any territory, so the regulations are not clear. In practice, any surplus value should be quoted as tax assets as a capital increase. There remain doubts if a benefit in cryptocurrencies is invested again in cryptocurrencies after a theoretical surplus value not transformed into an asset of legal tender must be declared. It is not clear in that case and legal uncertainty may take time to be resolved.

Yes dude there are some withdrawal feeses which may be considered as taxes and no other money will be deducted as tax. Because it is decentralized and work on its own rule rather than control by any government.

On 1/5/2020 at 9:24 AM, wilbertson said:

As the world we are heading to there are more educated graduated people who are missing employments. This number is increasing every day, but i think cryptocurrency if taught to these people and just the fundamentals of trading, we could reduce the number of educated people from the streets.

Yes there are lot of  literate people who are jobless and they don't have any type of employment  so cryptocurrencies providing them a way to earn good about of money for their need and also enhance their knowledge.

Yes dude as paper money is is the main cause of spreading of Corona virus because it spread from touching and in this way it is the best way to deal in cryptocurrency and to meet their needs by online ways.

I don't think so that national currency replace currencies in any way as there are lots of countries that are ubder developed and are not considering cryptocurrencies as legal and don't trust them.so in those areas people are not familiar with it.

On 10/2/2019 at 12:28 AM, hexwin said:

 

What do you think should crypto be against gold or maybe gold and crypto work great together?

I don't see anything wrong in using both of them as Store of Value and as payment option.

There is also several tokens backed by real gold, and this proves that it can work in real life.

 

 

Yes dude both are very much important as gold is valuable form of money and Bitcoin is digital form of money but it does not have any physical appearance all is it virtual so it can't replace the gold as it has some physical existence but they can compete with each other the work together.

Obviously dude transactions speed matters a lot in dealing with a coin like no transaction speed is not much appreciated by people and Bitcoin has somehow low transactions speed rather than some other coins.

On 10/11/2020 at 6:45 AM, alexjobs said:

They asked me this question, but the truth is, I don't think cryptocurrencies will have an impact on employment, by the time bitcoin is a universally accepted instrument, I think a lot of current jobs will disappear, but that not have absolutely nothing to do with Bitcoin.

 

Personally, I believe that development and technology are inevitable. Jobs are disappearing and it has nothing to do with bitcoins or cryptocurrencies.
 

Any activity that is repetitive, that is high risk or that requires continuity in terms of hours and continuous operation 24 hours will surely be replaced, all those jobs will be automated, automation will become cheaper and will continue to lower costs, robots will be more and more cheap and more people will have access to that technology in commercial terms, right now only large companies have access to that technology, but eventually that technology will become cheaper and we will see normal people, with small or medium-sized companies, hire robots to perform certain functions

 

That's a sign of the times, I don't think Bitcoin is going to have a significant impact in terms of employment; are the times in which we are.

dude I don't think so there cryptocurrencies are replacing the jobs people are doing their job in their time and they use this cryptocurrencies as their side business because it doesn't take any much more time and people are dealing with them easily and are getting good profits.

On 10/13/2020 at 2:04 PM, josefjimenez said:

The vitality of Bitcoin can generate great losses and great benefits, but what is the best time to change our Bitcoins to USDT (Tether) token? Or is it not highly recommended to have USDT (Tether)?

I think that buying USDT (Tether) when Bitcoin reaches a high price can be a very good idea because we can have good profits after Bitcoin falls in price again. USDT (Tether) is a cryptocurrency pegged to the dollar and I think it can be used to avoid losses due to the vitality of Bitcoins.

I don't think so that it is a good idea in anyway as  price of Bitcoin is increasing more and more and also other currencies prices depend upon Bitcoin so you USTD depends on Bitcoin .

On 8/1/2020 at 3:31 PM, BTC Future said:

RIA Novosti (Ria.ru), a major online news agency, reported yesterday that the president of the Russian Federation, Vladimir Putin, has signed a bill concerning the regulation of cryptocurrencies in the country.

 

The new law on cryptocurrencies prohibits the use of cryptocurrencies as a means of payments inside Russia starting from 2021.

Still, it will allow trading and owning cryptocurrencies and recognizes them as digital assets, giving Cryptocurrencies a legal status.

 

All Russian financial entities as Banks and Exchanges will be able to conduct trading of cryptocurrencies although they will be required to apply for these activities in the Russian Central Bank registry. The law recognizes ownership of cryptocurrencies, but only if these crypto have been declared by the owner. Courts will be able to rule concerning transactions only in the case these cryptocurrencies have been declared by their owner.

 

The law does not cover mining in Russia, which is something still under discussion and will be determined following a new law that is expected to be proposed during this Autumn.

 

While this law is promising as it recognized the legal status of cryptocurrencies as assets, still the ban as a method of payments is a major drawback.

 

Source:

https://ria.ru/20200731/1575229960.html

https://cryptopotato.com/putin-outlaws-crypto-as-a-payment-means-in-russia/

 

It is really good to hear that cryptocurrencies are becoming widely important in all over the world like the Russia is also accepting it and making it legal.hope soo that other countries will also take this initiative so more people are able to use cryptocurrencies.

On 1/14/2020 at 7:34 AM, Moneymehlove said:

I'm confuses how much is worth 1 bitcoin how much do I have to invest to become rich I have alot I'd ideas I want to get into real estate  but I dont have the money I been thinking about stocks and trading lately  thinking this is the best option for me . Can Any one else relate ? 

yes dude  Bitcoin is the most powerful currency and investing and trading in it ,will give you a good amount of profit and you become much more rich in it. And Bitcoin price is increasing day by day as now it is a round about $28000