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31

Cryptocurrency discussions / Re: The prices of cryptocurrencies have started falling

« on: August 11, 2020, 02:32:51 PM »

The first months of 2020 marked the global economic crisis due to the strong impact of Covid-19. The cryptocurrency market, with the lead of Bitcoin with a market share of more than 65%, has experienced two strong sell-offs in early March creating an unprecedented decline in more than a year.

32

Cryptocurrency discussions / Re: Crypto uniqueness

« on: August 11, 2020, 02:27:45 PM »

One of the key features of cryptocurrencies is decentralization. Unlike traditional fiat money at banks, most cryptocurrencies are decentralized on worldwide distributed computers. Transactions are verified and recorded in a publicly distributed network.

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Cryptocurrency discussions / Re: Can you imagine bitcoin could be a wrold reserve currency?

« on: August 11, 2020, 02:10:33 PM »

Bitcoin will not be a global reserve currency, but it will be the premise because a global currency requires a flexible supply. Limits on the amount of gold banks can hold are one of the main reasons the gold standard doesn't work - economic growth outstrips gold-backed money supply and the inevitable scramble. to overcome this limit leads to instability.

34

Cryptocurrency discussions / Re: Are you expecting Bitcoin to pass 10k

« on: August 11, 2020, 12:47:37 PM »

Yes, I think many people want this to happen. I believe that by the end of 2020 there will be growth in the crypto market and bitcoin will increase in price a lot and will cost more than $ 10k, but for now I don't think bitcoin will surpass $ 10k.

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Cryptocurrency discussions / Re: BEWARE OF GIVEAWAYS

« on: August 11, 2020, 12:43:27 PM »

Be wary of anyone who promises to double the amount of Bitcoins you send them as this type of activity is always a scam.

36

Cryptocurrency discussions / Re: Why do you still do bounties

« on: August 10, 2020, 10:55:17 AM »

While most people know that you can make money back with a rewarded credit card, few people know banks offer other free ways to make money. With the bank bonus, you can earn a few hundred dollars to open a new account and fulfill a few simple requirements.

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Cryptocurrency discussions / Re: What's a token economy?

« on: August 10, 2020, 10:52:58 AM »

A token economy is a system that uses a stimulus or stimulus to reward certain behaviors and reinforce the positive system to enhance the same or similar behaviors in the future.

38

Ethereum Forum / Re: Is ethereum investment for future ?

« on: August 10, 2020, 10:12:40 AM »

Ethereum investments are investments for the future. I fully believe this. Although established later, it didn't take long for Ether to become the second largest cryptocurrency by market capitalization. Ethereum is second only to Bitcoin, the founding cryptocurrency

39

Cryptocurrency discussions / Re: How effective can blockchain be in healthcare during this pandemic?

« on: August 10, 2020, 10:08:35 AM »

In healthcare, blockchain technology can be applied in many fields. Patient data and health information are still often stored on servers of different parties such as GPs, hospitals or insurance companies.

40

Bitcoin Forum / Re: Governments cannot control Bitcoin

« on: August 09, 2020, 07:16:34 PM »

Quote from: Domithra on July 04, 2018, 05:52:00 AM

The governments can't control Bitcoin because it is decentralized. It wasn't made in favour of a centralized system where one person or authority can have full power and control over its transaction. The farthest the governments can go is to impose regulations on Bitcoin transactions especially on the exchange sites.

The above is not designed to provide an argument as to why bitcoin won't work, but instead to warn the fact reader that a decentralized currency doesn't mean it's out of reach. with the government.

41

Bitcoin Forum / Re: Next Bitcoin or scam?

« on: August 09, 2020, 07:11:13 PM »

Also because of its relatively large value, many organizations have used Bitcoin to scam for their own gain. Once again, the value of Bitcoin's trust is challenged and it is subject to scrutiny from the Vietnamese trader community

42

Cryptocurrency discussions / Re: Bitcoin is showing positive Bullish signs

« on: August 09, 2020, 06:31:51 PM »

Of the total investment in the crypto market, Bitcoin accounts for 66%. The decreasing dominance shows that investors have been putting less attention on Bitcoin and instead expect to make more profits from other altcoins.

43

Cryptocurrency discussions / Re: 6 Reasons Why You Should Use Cryptocurrency.

« on: August 09, 2020, 05:11:24 PM »

Using stable cryptocurrencies as a payment instrument gives sellers all the advantages of cryptocurrencies without the risk of volatility inherent in currencies with floating rates.

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Cryptocurrency discussions / Re: What do you think about social platforms that are based on blockchain?

« on: August 09, 2020, 05:09:28 PM »

Blockchain has a very special feature that the transmission of data does not require an intermediary to confirm information. The Blockchain system exists with many independent nodes capable of verifying information without requiring "signs of trust". Information in Blockchain cannot be changed and only added with consensus of all nodes in the system. This is a highly secure system that is highly secure against the possibility of data theft.

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