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Messages - masterrex

Pages: 1 ... 114 115 [116] 117
1726
I am seeing a lot of posts on Facebook recently that offers Bitcoin to attract members. The investment scheme is somewhat similar to a Multi-Level Marketing. If you see something like this, please be careful. Always double check if this "companies" are duly registered and authorized to collect funds from investors. If they offer something like "guaranteed profit", better to stay away. They are more likely pyramid schemes. We all know that crypto is volatile and that no one can guarantee a profit.


Here's a good example of some of those pyramid schemes using cryptocurrency:

Quote
About eight were arrested in Tokyo for being involved in a cryptocurrency pyramid investment scheme. The net worth of the project was 7.8 billion Yen. The pyramid scheme gathered the money from 6000 unsuspecting people in the name of a fake US investment company called “Sener.”

To prevent people from suspecting them, they have organized seminars chaired by foreign speakers. The workshops were used to create public trust in their promise for a 3 to 20 percent return on their investments.  The unsuspecting investors were asked to refer further people in the scheme, and they were promised extra returns for referrals in the form of payments for each reference. The videos of the seminars were uploaded on YouTube.

Full Story: https://thecurrencyanalytics.com/3624/cryptocurrency-pyramid-schemes-scrutinized-in-japan/?utm_campaign=twitter&utm_medium=twitter&utm_source=twitter
Thats right this is disadvantage of the anonymous transaction it may used for illegal activities like laundering thats why it needs to add safeguards regarding this loopholes!

1727
Cryptocurrency discussions / Re: KYC for ICO, is it good or bad idea?
« on: November 16, 2018, 04:24:07 AM »
Hi, everybody. With the development of cryptocurrencies and blockchain technology,not only good ideas and projects began to develop,but also those who want to get a lot of money on the HYIP,  use new technologies for their personal purposes. Projects began to carry out the KYC procedure for investors, airdrops, bounties to protect their projects from prosecution by the authorities, to improve security, to know their investors in person. But maybe we can use the KYC procedure not only for buyers but also for sellers. If we introduce such a procedure for new projects, it will increase the level of investor confidence, as well as deter many fake projects from collecting our funds, protect our crypto assets from fraud. This procedure can be entered in this forum to host projects or in special platform. The project developer will have to provide his personal and contact details.
Do you think this is a good or bad idea? Express your opinion.
For me KYC is good if we can sure that our data is in safe hands. Since it is required by the law with (AMLC) for anti money laundering operation worldwide. But if the KYC data is not safe its better not to do the procedure.

1728
Cryptocurrency discussions / Re: Is there hope for this year 2018 ?
« on: November 16, 2018, 04:10:46 AM »
Can we expect Bitcoin and other types of coins to have good prices at the end of this year because 2018 will end.
Can we expect Bitcoin will rise like 2017 ?
Hope is always there. But it defends on time and situation just like cryptocurrency the prices was determined on supply and demand basis so if there is no enough demand the price will dip because no one will buy. it means hope was not applicable in this kind of situation since no one can predict the state of cryptocurrency just like the Bull run. if its occur or not.

1729
Cryptocurrency discussions / Re: Does The Price Of BTC affect Altcoins?
« on: November 16, 2018, 03:51:44 AM »
Yesterday was something else. For the first time in 3 months, BTC price plunged below $6k. Almost simultaneously, some altcoins also experienced price drop. Was this as a result of the plunge in BTC price?
Yes because the market is dominate by Bitcoin and most of Altcoins are base traded with Bitcoin. other than Ethereum and US$ Dollars. so this will be a big factor why Altcoins is also suffer when Bitcoin price was declining!

1730
Cryptocurrency discussions / Re: Are you fed up with bounty programs?
« on: November 16, 2018, 03:47:34 AM »
Apparently, I'm not fed up with Bounty programs because i know that is the general trend of all bounty programs. You must learn to participate in bounty with less emotions and have it in mind that payment of the bounty may delay. It is always good to pay attention to bounty rules before participating in it. With this, any delay in payment will not bother you.
You nailed it and this is the good thing to do since some of Bounty Hunters are just like terrorist if the payment is not arrive ontime, Threatening,Blackmailing etc, this is not good practice and very stressful.

1731
Investors and holders alike are all awaiting the bull run to occur and bring an end to this bearish market. The question is, what happens if the bull run we all are expecting this year doesnt  occur?
For me Nothing Bull run is just like a common name or just explain the uptrend market sentiment if its not occur this year its remain the same as usual.

1732
Cryptocurrency discussions / Re: What happens to the market yesterday?
« on: November 15, 2018, 04:10:14 PM »
What is the reason of sudden drop in whole market. All market is red now. Is there any update or news?
There was a News about Bitmain in Twitter that maybe influence with the dumping and panicked Selling of Bitcoin. The Bitmain Founder "Jihan Wu" there was a lot of expert still discussing this Issue right now! so we better monitor it!

1733
I been shock when i wake up early in the morning. All my Portfolio is mostly down and wondering why the "Market has Wipeout Billions of Dollars" I search the Net if there is some "Big News" that influence the drops and i see nothing. But why the price is drop this hard?Im suspecting that the whales is dumping their coins. What else your observation in this weird situation dont hesitate to drop here>>>

1734
Cryptocurrency discussions / Re: Play safe! This is crypto
« on: November 14, 2018, 05:41:45 AM »
This is crypto and due to its decentralized nature, the total control of transactions and security to wallet lies in the care of the wallet holder. This is the main reason why every crypto user must keep safe their login details in order to avoid being scammed or phished. Never keep tokens on exchange sites after trading because exchange sites are always under attack.
Very well said thats the best thing to do. But as we all know not all the time luck is favor to us or to everyone, sometimes mistakes just happen and were not prepared to counter it if this happen Will let it happen.

1735
Investors and holders alike are all awaiting the bull run to occur and bring an end to this bearish market. The question is, what happens if the bull run we all are expecting this year doesnt  occur?
So what! we have no control about it. if "BullRun" will occur it will occur if not will thats reality and we have no power to make it possible, I think it will not affect the market since the previous years this was already happen and its nothing.

1736
Cryptocurrency discussions / Re: investment right now is still safe?
« on: November 14, 2018, 05:26:12 AM »
I have seen many ICOs promising that they will have working products but I haven't seen one. This makes me confused now had a bad experience with earlier projects and the most annoying is before the unlock period of bonus the price gets dumped.

I do follow similar guidelines but seeing the current scenario it doesn't encourage me much.
Before you ventured to something you must understand it first before you take an action as we before crypto-currency investment is associated with risk so everyone must aware of it in case of ICO's, ITO's the risk is high but it defends on anyone if he/she is willing to gamble!

1737
In recent months "Hacking Incidents" are highlighted in the most crypto-currency news outlets and portals this incidents are undoubtedly has a chilling effect to the market since the investors are wary about the said incidents. Bancor Network was hacked and loss about millions of dollars? In your opinion how could this happen if all of this exchange is employing top of the class cyber security. I remember and IT Engineer tells me (there's no such thing as 100% secure in the internet) and no system is perfect! is this true?  Don't hesitate to drop your opinion,

1738
This is very important issue about crypto world

You can read more details from;

https://www.btcnn.com/china-lifts-bitcoin-ban-individuals-and-businesses-can-now-own-cryptocurrencies-legally/
This is goodnews and definitely affect the crypto-market, as we all know that china is a huge market. Well we dont know whats the reason behind this changes in policy yet. But i hope it will continue to be positive.

1739
When i first joined at "Crypto-Space" as and investor i noticed that crypto-currency "Price Fluctuation" is weird compare to Forex(Fiat Currencies) the price drop is faster than we thought and when it climbed it will easily drop in no time. So its more complicated to deal with specially when you are a newbie losing money is just and ordinary experienced in crypto, just don't quit and you will recover it later. Question have you experienced this weird feeling before? And how about after you joined crypto-currency as investor or trader? Drop your Opinion and Experienced here!

1740
What happen to many bounty campaigns nowadays? They are setting the "new norms" in paying bounty payments! "100th days after the ICO" or "even quarterly basis " their reason is to avoid dumping and stabilize the coin/token price, and after 100th days pass, another alibis and reasoning again others was blaming to "NETWORK CONGESTION" on erc20 tokens. Is this acceptable to everyone? I need your strong but definitive opinion.

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