Binance Launchpad Bitcoin News

Why we shouldn't be asking for regulation and why we need the RIGHT to make bad investments.

I have deleted some of my old accounts but I have been frequenting bitcoin since 2014 and I am rather disappointed with the change over the last year and calls for regulation of crypto. So I thought I should make a reasoned argument as to why regulation is a terrible idea.

1. There aren't THAT many scams

4 out of 5 startups fail crypto or not. Failing is does not equate to scam. Further more sometimes the difference between a scam, just a poorly run startup, slimely business, and a bad idea isn't so clear. I'd guesstimate that at least 95% of crypto projects actually are acting in good faith.

2. Fraudsters don't follow laws anyways

Scammers are often already breaking laws, if they promise they will do X, Y, and Z and they don't they have already broken a contract and are liable to civil suits, and yes even just a promise in a whitepaper can already be considered a contract! Even emails can be considered to be legally binding between two parties in most countries and most freelancers already know this.
If a fraudster is going to really scam people they will be one of those projects with an anonymous team or a fake one. And guess what since the government can't stop people from making crypto transactions a scammer from Russia is still going to be taking your ETH regardless of the regulation because they are anonymous!

3. Regulation favors the rich

In America you often have to be an accredited investor to invest in early startups. In other words to invest in a young company that is having an ICO, if the same rules applied to crypto, you would have to be accredited. So what is an accredited investor?
To be an accredited investor, a person must demonstrate an annual income of $200,000, or $300,000 for joint income, for the last two years with expectation of earning the same or higher income. An individual must have earned income above the thresholds either alone or with a spouse over the last three years. The income test cannot be satisfied by showing one year of an individual's income and the next two years of joint income with a spouse. The exception to this rule is when a person is married within the period of conducting a test. A person is also considered an accredited investor if he has a net worth exceeding $1 million, either individually or jointly with his spouse. The SEC also considers a person to be an accredited investor if he is a general partner, executive officer, director or a related combination thereof for the issuer of unregistered securities.
source
This means you basically have to be a millionaire to invest in early stages of a startup. So that means 99% of people in this subbreddit could no longer participate in ICOs if the same rules applied.
Furthermore the people that will be writing these regulations are going to tend to be older people who have more traditional and conservative investments, so why would someone who is invested in say paypal, want to make it easy for their investment to be made irrelevant? They have disincentive to create good and fair regulations. They lack what Nassim Taleb calls "Skin in The Game" which leads to poor or selfish decisions.

4. No one seems to actually know what "regulation" means

I see people commenting about how they don't like project A and that its a "scam". Truthfully I feel this is often because sometimes it isn't always the best technology or startup that is the best investment so people can get butt hurt over it when they see projects they don't like become successful and then they say "oh I wish there was regulation so this wouldn't become popular." What the fuck are you guys talking about? How do regulate whether or not a shitty technology is favored by people over a good one? Do you really think the government should be deciding what is "good" or "bad" technology? Because if they did Bitcoin would have never been invented in the first place.
Also "regulation" isn't some magic thing that will stop bad things or even scams. Because of the nature of decentralization people can very easily be anonymous and setup ICOs.

5. Regulation will be ineffective and will cause brain drain

Like it or not tax/regulation havens will always exist. So companies will tend to move to places with the least regulation, Binance is a good example of that. And since crypto transactions are trustless the actual company can be in Malta even if the token or coin is used primarily in somewhere like the US. Which means that these crypto companies will still be able to reap the benefits without any of the cost of physically being in some country. That's a lot of tax revenue that will be lost because of regulation.
This also creates more inequality as it means most of the worlds wealth will end up be more concentrated in tax havens. Not to mention anonymous scammers don't follow regulations anyways.

6. You are telling the government you are too stupid to handle your own money

Why on earth should you or the government or anyone tell me I can't throw $1000 bucks at some startup on the other side of the world? Regulation is only going to add more red tap for small startups, I have some experience with this personally as I work for two blockchain startups.
One of these startups I suggested they add an equity function to their utility token, turning it into stock + utility token, as I think that is way more valuable to investors and they will likely be able to raise more money in their ICO. However they have determined that the paperwork alone costs way too much time and money. So these regulations are already hurting both investors and startups. Regulation KILLS innovation.
You can't get 1000x return on one investment without taking a 95% loss on 10, in the end it is still worth it and you still win but regulations will make it damn near impossible for regular people to invest in projects in their early stages or from new better startups being created, so you will only be "protected" from insane profits with maybe a slight improvement in your losses.
More regulation means less profit, and lets be real, most of you are here and want "regulation" because you want more money but this is the worst way to go about it.
If you are too stupid to do basic research and to have diversified your portfolio then you are bad at investing and you shouldn't be playing this game, no amount of regulation will make you a better decision maker. We need the right to make bad investments that fail because that's how investing is done, you tend to make a loss on most investments but the few that profit more than make up for the sum of losses. Just think of the potential of millions of world changing startups that will never be because of red tape.
It's like taxing people because they are dumb.

The Solution: Lawsuits

You can still sue people for things that are not explicitly breaking a law, but breaking a contract. The only regulation should be a business license so the government knows who they are, after that its not harm no foul rule. That means that if ICOs or cryptos try to trick people that they can be taken to court and sued to hell so they still are culpable for wrong doing without hindering young startups.
Stricter regulations would have made a lot more sense in a pre-internet and pre-crypto world. This is because only people who could make researching and educating themselves a full time job could really understand if a business had a reasonable proposition and model since researching anything pre-internet was way more difficult. However with the democratization of information with the internet and of value with crypto these regulations don't make as much sense because the informational asymmetry has almost entirely disappeared between accredited investors and regular motivated people. The only difference now is the size of the wallet, this is a terrible world to live in where only rich have the options.
I highly recommend everyone in crypto read Nassim Talebs "Incerto" collection particularly his latest book "Skin in The Game".
submitted by cryptonewsguy to CryptoCurrency [link] [comments]

A novice investor’s Guide to Cryptocurrencies

A novice investor’s Guide to Cryptocurrencies
When people first find out about the phenomenal rise of bitcoin prices and all the overnight bitcoin millionaires, many are excited to start trading cryptocurrencies. However with all the get rich quick schemes on youtube, there are many scams out there. The most infamous was Bitconnect lending platform of $2.6 Billion USD where lenders get high returns daily. Users were promised 40% monthly returns compounded for a year = 480% returns! Many novice investors who didn’t do enough due diligence was caught in this biggest crypto scam and lost their hard earned capital.


https://preview.redd.it/y5yi6czypmp21.png?width=760&format=png&auto=webp&s=d68bfce5bf02c01740d4635766ee59758bdd53e9
Today is April Fool’s Day, but we are not going to fool you! Mars think that as a novice investotrader getting into the crypto space, you will need the right tools and knowledge to build a strong foundation about the blockchain and its ecosystem. Let out appointed Martian give you an introduction guide to crypto currencies. We hope this guide will be helpful to you and our Little Martian wishes everyone a good holiday!
As the saying goes: Everything is pre-established, not pre-emptive, as the cryptocurrency circle is small, if you want to become “old leeks” or even a legend in the future, you need to be prepared in advance, plan, and be prepared for it. Only the harder you work, the luckier you will be.
Let’s talk about the necessary guides, APP and tools to help you enter the cryptocurrency circle.
First, Theoretical Study

https://preview.redd.it/nxcuseo1qmp21.jpg?width=300&format=pjpg&auto=webp&s=2f702bf73e5d955e29c3e950c56d77f42bc95810
Blockchains and digital currencies have only emerged in recent years. For beginners, most of them only know these two names or have simple concepts, such as equating a blockchain with a digital currency. As far as digital currency is concerned, it is thought that only bitcoin is used. Therefore, theoretical study is very necessary for newbie who wants to enter the blockchain industry and join the cryptocurrency circle.
  1. Book
For beginners, it is very important to understand the basic. Here are few books recommend to you:
《Blockchain Revolution》,《The Bitcoin Standard》,《The Age of Cryptocurrency》,《Bitcoin & Cryptocurrency Technologies》
  1. Currency information, market and navigation
Here are a few recommend blockchain and digital currency information:
0123456789.com, ChainNode chain node (formerly 8BTC Forum), Mytoken, feixiaohao, jinse Finance,
BC Mainland, Mars Media
3 Chat Tools: Telegram and WeChat group
  1. DAPP recommendation:
The DAPPX application market contains various types of DAPP applications, such as digital wallets, blockchain games, community tools, and more.
Second, Practical Operation

https://preview.redd.it/zjq8jqf3qmp21.jpg?width=300&format=pjpg&auto=webp&s=c0a75f4951c9489c3990afc3f4111eaed095cd27
The learning of blockchain and digital currency theory knowledge ultimately requires practical operations. If you have decided to invest in a digital currency, the next step is to choose a trusted platform for trading or storage. Currently, the market offers investors two options: digital currency exchanges or digital wallets.
Exchange: The three major exchanges are the Binance, Huobi and the OKEX. Go to their official website and follow their registration guiding process, and you can start making digital currency transaction.
Wallet: If you choose to use digital wallet for trading, you need to choose wisely because there are so many kinds of digital wallets on the market, with different features and functions. For beginners, choosing the one that is safe, reliable, and easy to operate is the most practical.

https://preview.redd.it/lw5hwq75qmp21.png?width=360&format=png&auto=webp&s=9de08dbd88183582b26d3c04055ab0144c15c3f5
Hence, we recommend a safe and professional digital asset wallet — Mars wallet.
Mars Wallet is an important node in the ecosystem under the Mars Blockchain Group, which uses google 2FA, a two-factor authentication process that provides four-fold security verification to ensure that users can be recovered in the event of hacking or fraud.
In addition, Mars wallet withdrawals are limited to every 24 hours, in order to avoid huge losses for users in the event of hacking. For beginners, it can be said that there are basically no worries about security.
The above is a comprehensive introduction by Little Martian! Doing your own research and making an informed decision is key to investing in the crypto space. One of the famous term in the space is “FOMO” which is fear of missing out! Do not be driven by greed, but rather by strong fundamental analysis. Even if the market is volatile, you will be holding a strong position as you believe in the project and the team behind it.

https://preview.redd.it/vxu8tpg6qmp21.png?width=800&format=png&auto=webp&s=bcc27efc166208cdb0e4fc4acf7889d879ae7e12
It is April Fool’s Day but we are not going to fool you! We are serious in giving prizes to our fans. If you are fooled today, please pay attention to our Facebook.
Here is what you need to do to qualify for our Super Reward lucky draw:
  1. Scan & Like our Facebook page
(https://www.facebook.com/Mars-Wallet-265410904409489/?modal=admin_todo_tour)
  1. The Participant has to comment below this post after entering this giveaway with a hashtag — #marsgiveaway
The winner will be randomly selected with the most heart-felt responses and send out another 10 consolation prizes, as well as a super prize.
Activity time: from April 1st until April 7th
Activity rules: pay attention to Mars Wallet Facebook
Prizes: Super Award (1): Macbook Pro 15 inch with touch bar
Consolation Prize (10): 2 USDT / per person
For more information on Mars Wallet, keep up with its following social media:
Telegram: https://t.me/marswallet
Reddit: https://www.reddit.com/use1-SG/
Twitter: https://twitter.com/1SG_2018
Instagram: https://www.instagram.com/marswallet_sg/
submitted by 1-SG to u/1-SG [link] [comments]

A novice investor’s Guide to Cryptocurrencies

A novice investor’s Guide to Cryptocurrencies
When people first find out about the phenomenal rise of bitcoin prices and all the overnight bitcoin millionaires, many are excited to start trading cryptocurrencies. However with all the get rich quick schemes on youtube, there are many scams out there. The most infamous was Bitconnect lending platform of $2.6 Billion USD where lenders get high returns daily. Users were promised 40% monthly returns compounded for a year = 480% returns! Many novice investors who didn’t do enough due diligence was caught in this biggest crypto scam and lost their hard earned capital.

https://preview.redd.it/qkt2xylfqmp21.png?width=760&format=png&auto=webp&s=4927b5581c4e30ba46f4c7c5a735c1799a558979
Today is April Fool’s Day, but we are not going to fool you! Mars think that as a novice investotrader getting into the crypto space, you will need the right tools and knowledge to build a strong foundation about the blockchain and its ecosystem. Let out appointed Martian give you an introduction guide to crypto currencies. We hope this guide will be helpful to you and our Little Martian wishes everyone a good holiday!
As the saying goes: Everything is pre-established, not pre-emptive, as the cryptocurrency circle is small, if you want to become “old leeks” or even a legend in the future, you need to be prepared in advance, plan, and be prepared for it. Only the harder you work, the luckier you will be.
Let’s talk about the necessary guides, APP and tools to help you enter the cryptocurrency circle.
First, Theoretical Study

https://preview.redd.it/a5rhkrsgqmp21.jpg?width=300&format=pjpg&auto=webp&s=921b802b7bae6f24a8e98e98b034f79fea6ea266
Blockchains and digital currencies have only emerged in recent years. For beginners, most of them only know these two names or have simple concepts, such as equating a blockchain with a digital currency. As far as digital currency is concerned, it is thought that only bitcoin is used. Therefore, theoretical study is very necessary for newbie who wants to enter the blockchain industry and join the cryptocurrency circle.
  1. Book
For beginners, it is very important to understand the basic. Here are few books recommend to you:
《Blockchain Revolution》,《The Bitcoin Standard》,《The Age of Cryptocurrency》,《Bitcoin & Cryptocurrency Technologies》
  1. Currency information, market and navigation
Here are a few recommend blockchain and digital currency information:
0123456789.com, ChainNode chain node (formerly 8BTC Forum), Mytoken, feixiaohao, jinse Finance,
BC Mainland, Mars Media
3 Chat Tools: Telegram and WeChat group
  1. DAPP recommendation:
The DAPPX application market contains various types of DAPP applications, such as digital wallets, blockchain games, community tools, and more.
Second, Practical Operation

https://preview.redd.it/ncplb18iqmp21.jpg?width=300&format=pjpg&auto=webp&s=3a8b3828279b2ae838b25a6697fe201fed25e9c2
The learning of blockchain and digital currency theory knowledge ultimately requires practical operations. If you have decided to invest in a digital currency, the next step is to choose a trusted platform for trading or storage. Currently, the market offers investors two options: digital currency exchanges or digital wallets.
Exchange: The three major exchanges are the Binance, Huobi and the OKEX. Go to their official website and follow their registration guiding process, and you can start making digital currency transaction.
Wallet: If you choose to use digital wallet for trading, you need to choose wisely because there are so many kinds of digital wallets on the market, with different features and functions. For beginners, choosing the one that is safe, reliable, and easy to operate is the most practical.
https://preview.redd.it/gxfazaziqmp21.png?width=360&format=png&auto=webp&s=64afc4fee1386c1789372834a89f182a0ea96dea
Hence, we recommend a safe and professional digital asset wallet — Mars wallet.
Mars Wallet is an important node in the ecosystem under the Mars Blockchain Group, which uses google 2FA, a two-factor authentication process that provides four-fold security verification to ensure that users can be recovered in the event of hacking or fraud.
In addition, Mars wallet withdrawals are limited to every 24 hours, in order to avoid huge losses for users in the event of hacking. For beginners, it can be said that there are basically no worries about security.
The above is a comprehensive introduction by Little Martian! Doing your own research and making an informed decision is key to investing in the crypto space. One of the famous term in the space is “FOMO” which is fear of missing out! Do not be driven by greed, but rather by strong fundamental analysis. Even if the market is volatile, you will be holding a strong position as you believe in the project and the team behind it.
https://preview.redd.it/h9chk6yjqmp21.png?width=800&format=png&auto=webp&s=f39b305b1c32694bba6bf310a635c5bf5f5d642f
It is April Fool’s Day but we are not going to fool you! We are serious in giving prizes to our fans. If you are fooled today, please pay attention to our Facebook.
Here is what you need to do to qualify for our Super Reward lucky draw:
  1. Scan & Like our Facebook page
(https://www.facebook.com/Mars-Wallet-265410904409489/?modal=admin_todo_tour)
  1. The Participant has to comment below this post after entering this giveaway with a hashtag — #marsgiveaway
The winner will be randomly selected with the most heart-felt responses and send out another 10 consolation prizes, as well as a super prize.
Activity time: from April 1st until April 7th
Activity rules: pay attention to Mars Wallet Facebook
Prizes: Super Award (1): Macbook Pro 15 inch with touch bar
Consolation Prize (10): 2 USDT / per person
For more information on Mars Wallet, keep up with its following social media:
Telegram: https://t.me/marswallet
Reddit: https://www.reddit.com/use1-SG/
Twitter: https://twitter.com/1SG_2018
Instagram: https://www.instagram.com/marswallet_sg/
submitted by 1SGD to u/1SGD [link] [comments]

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Binance Exchange: How to Buy Cryptocurrency for Beginners ...

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