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#351 2023-07-06 18:15:46

Lanistergame2
Member
Registered: 2022-12-25
Posts: 2,420

Re: Warning: Don’t leave your funds on an exchange/crypto service

joanna;18040 wrote:

Organizations like the Financial Action Task Force (FATF) and the G20 are working towards developing international guidelines for regulating cryptocurrencies, money laundering, and terrorist financing.

It is unfair to put cryptocurrencies in the same bracket as money laundering and terrorist financing. All of those have been around forever, long before the idea of cryptocurrency was conceived at all. Crypto does not encourage it and it is not more popular using it as fiat is still the major tool of illegal activities.

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#352 2023-07-06 22:30:57

Camavinga
Member
Registered: 2023-01-06
Posts: 836

Re: Warning: Don’t leave your funds on an exchange/crypto service

joanna;18043 wrote:

The regulatory landscape surrounding cryptocurrencies is still evolving, and governments are continuously exploring new approaches to effectively regulate the industry.

Some governments do not know what to do again with crypto, this is because some of them keep changing their mind, support today, remove support tomorrow. I like the governments that will take one decision on the matter and that is all for it.

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#353 2023-07-06 22:37:43

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 3,193

Re: Warning: Don’t leave your funds on an exchange/crypto service

Camavinga;18137 wrote:
joanna;18043 wrote:

The regulatory landscape surrounding cryptocurrencies is still evolving, and governments are continuously exploring new approaches to effectively regulate the industry.

Some governments do not know what to do again with crypto, this is because some of them keep changing their mind, support today, remove support tomorrow. I like the governments that will take one decision on the matter and that is all for it.

It's crazy the way and manner many government of the world aren't certain about their stands on cryptocurrency I think we all know why by now and hopefully we can know what to do

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#354 2023-07-06 23:13:28

JONSNOWING
Member
Registered: 2023-01-06
Posts: 1,237

Re: Warning: Don’t leave your funds on an exchange/crypto service

Camavinga;18137 wrote:
joanna;18043 wrote:

The regulatory landscape surrounding cryptocurrencies is still evolving, and governments are continuously exploring new approaches to effectively regulate the industry.

Some governments do not know what to do again with crypto, this is because some of them keep changing their mind, support today, remove support tomorrow. I like the governments that will take one decision on the matter and that is all for it.

Which should involve to stay totally or not. Cryptocurrency should be allowed to operate on its own standards which is decentralized system that allows users privacy

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#355 2023-07-07 19:53:02

Crpuss
Member
Registered: 2023-06-16
Posts: 234

Re: Warning: Don’t leave your funds on an exchange/crypto service

This reason most times can make one sell off their coins due to fear of the coin falling completely and their returns will be so much reduced. Keeping one’s mind totally off the coin increase is best unless for the sake of timing when to purchase more coin

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#356 2023-07-07 20:11:04

Kelechi
Member
Registered: 2022-12-25
Posts: 3,040

Re: Warning: Don’t leave your funds on an exchange/crypto service

How many of you guys here have ever lost cryptos all because you left your cryptocurrency on an exchange?

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#357 2023-07-07 20:36:49

JONSNOWING
Member
Registered: 2023-01-06
Posts: 1,237

Re: Warning: Don’t leave your funds on an exchange/crypto service

Kelechi;18271 wrote:

How many of you guys here have ever lost cryptos all because you left your cryptocurrency on an exchange?

For me I haven’t, but I don’t see why anyone will still leave their coins on an exchange no matter how the exchange can be trusted. I have someone who lost his coin by leaving it on an exchange and he regrets all of it

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#358 2023-07-07 20:39:09

Crpuss
Member
Registered: 2023-06-16
Posts: 234

Re: Warning: Don’t leave your funds on an exchange/crypto service

The best action to take in a situation of loosing a coin is to first focus on researching on finding out why it was left initially and avoid anything that would lead to such loss again

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#359 2023-07-07 20:42:44

crpuusd
Member
From: Blockchain
Registered: 2022-12-13
Posts: 2,411

Re: Warning: Don’t leave your funds on an exchange/crypto service

JONSNOWING;18308 wrote:
Kelechi;18271 wrote:

How many of you guys here have ever lost cryptos all because you left your cryptocurrency on an exchange?

For me I haven’t, but I don’t see why anyone will still leave their coins on an exchange no matter how the exchange can be trusted. I have someone who lost his coin by leaving it on an exchange and he regrets all of it

Most exchange actually might not gives the entire information for trade process. Users as well might not be curious on contemplating on a required system.

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#360 2023-07-07 20:47:50

Lanistergame2
Member
Registered: 2022-12-25
Posts: 2,420

Re: Warning: Don’t leave your funds on an exchange/crypto service

Kelechi;18271 wrote:

How many of you guys here have ever lost cryptos all because you left your cryptocurrency on an exchange?

You do not need to be aware of people who had lost out directly, there have been so many cases of such hacks and losses affecting thousands of crypto users around the world.
I never store my funds on an exchange and I hope other users here do not as well.

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#361 2023-07-07 20:49:18

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 2,385

Re: Warning: Don’t leave your funds on an exchange/crypto service

crpuusd;18316 wrote:
JONSNOWING;18308 wrote:
Kelechi;18271 wrote:

How many of you guys here have ever lost cryptos all because you left your cryptocurrency on an exchange?

For me I haven’t, but I don’t see why anyone will still leave their coins on an exchange no matter how the exchange can be trusted. I have someone who lost his coin by leaving it on an exchange and he regrets all of it

Most exchange actually might not gives the entire information for trade process. Users as well might not be curious on contemplating on a required system.

Users are more simply after their main objective which is testing the platform and knowing how good and fast it works, they might be carried away by the efficient truth of exploration.

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#362 2023-07-07 20:54:58

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 3,193

Re: Warning: Don’t leave your funds on an exchange/crypto service

Moreover, we make in-depth investigations by exploring the linear and non-linear connections of investor attention on Bitcoin. Exploring the impact of bitcoin mining/NFT/other PoW applications on the social.

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#363 2023-07-07 20:58:20

Detroit
Member
Registered: 2022-12-27
Posts: 2,064

Re: Warning: Don’t leave your funds on an exchange/crypto service

But blockchain technology is evolving rapidly, and a range of other industries are exploring its potential applications as well. How does cryptocurrency proof- of -work operate?

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#364 2023-07-07 21:31:29

KingCRP
Member
Registered: 2023-01-06
Posts: 1,054

Re: Warning: Don’t leave your funds on an exchange/crypto service

Proof of work is a system that allows cryptocurrencies like Bitcoin to operate without a centralized authority.Though Bitcoin's (BTC) transaction history is securely sequenced using proof-of-work (PoW), it consumes a lot of electricity and the number of transactions.

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#365 2023-07-07 21:38:53

Crpuss
Member
Registered: 2023-06-16
Posts: 234

Re: Warning: Don’t leave your funds on an exchange/crypto service

Hello guys am just learning about proof of work in cryptocurrency and what are the advantages or disadvantages of this system mates

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#366 2023-07-07 21:42:45

Camavinga
Member
Registered: 2023-01-06
Posts: 836

Re: Warning: Don’t leave your funds on an exchange/crypto service

Crpuss;18416 wrote:

Hello guys am just learning about proof of work in cryptocurrency and what are the advantages or disadvantages of this system mates

The disadvantage is that it is not friendly to the enviroment and many people complain about that, another disadvantage is that it consumes a lot of energy. But utopia mining does not consume any of that, you just have to set the bot and have cheap electricity.

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#367 2023-07-07 21:42:58

crpuusd
Member
From: Blockchain
Registered: 2022-12-13
Posts: 2,411

Re: Warning: Don’t leave your funds on an exchange/crypto service

To exhibit a platinum transfer that  disclosed a 100% decentralization is what Utopia p2p firewalls protocol has been made of. This doesn't plight users to any danger but instigate users to want to do more.

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#368 2023-07-07 21:51:36

Camavinga
Member
Registered: 2023-01-06
Posts: 836

Re: Warning: Don’t leave your funds on an exchange/crypto service

crpuusd;18419 wrote:

To exhibit a platinum transfer that  disclosed a 100% decentralization is what Utopia p2p firewalls protocol has been made of. This doesn't plight users to any danger but instigate users to want to do more.

There is no danger with the utopia ecosystem, it is for people who want an ecosystem that is decentralized and that will not collect details from them. Utopia is good for everyone and what they are offering is what will help you if you are into crypto.

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#369 2023-07-07 22:29:50

Europ
Member
Registered: 2023-05-23
Posts: 2,186

Re: Warning: Don’t leave your funds on an exchange/crypto service

crpuusd;18419 wrote:

To exhibit a platinum transfer that  disclosed a 100% decentralization is what Utopia p2p firewalls protocol has been made of. This doesn't plight users to any danger but instigate users to want to do more.

Yes you very much right, Utopia is just like a tools that all encrypted and very complex to breach. This alone gives users a calm and safe unbothered states of mind.

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#370 2023-07-07 22:53:02

gap
Member
Registered: 2023-06-14
Posts: 1,925

Re: Warning: Don’t leave your funds on an exchange/crypto service

The amateur attitudes of some users in the trade system of some exchange has buys off the sensitivity in there morals of composing one cultural safety precautions.

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#371 2023-07-08 18:42:11

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 2,385

Re: Warning: Don’t leave your funds on an exchange/crypto service

gap;18454 wrote:

The amateur attitudes of some users in the trade system of some exchange has buys off the sensitivity in there morals of composing one cultural safety precautions.

Some people lacks the basic ideas of controlling their fund into satefy  and lies on a motives of blameable speculations of the error they made.

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#372 2023-07-08 22:13:27

JONSNOWING
Member
Registered: 2023-01-06
Posts: 1,237

Re: Warning: Don’t leave your funds on an exchange/crypto service

Camavinga;18428 wrote:
crpuusd;18419 wrote:

To exhibit a platinum transfer that  disclosed a 100% decentralization is what Utopia p2p firewalls protocol has been made of. This doesn't plight users to any danger but instigate users to want to do more.

There is no danger with the utopia ecosystem, it is for people who want an ecosystem that is decentralized and that will not collect details from them. Utopia is good for everyone and what they are offering is what will help you if you are into crypto.

You are right mate, but no doubt there are still people who can’t trust the Decentralized Utopia system no matter the reviews it gets but has anyone left their funds before on an exchange ?

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#373 2023-07-09 21:23:08

Crpuss
Member
Registered: 2023-06-16
Posts: 234

Re: Warning: Don’t leave your funds on an exchange/crypto service

For me I haven’t and I doubt if anyone who takes their investment in cryptocurrency serious will leave their funds on an exchange following all peoples previous experiences

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#374 2023-07-09 21:27:04

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 2,385

Re: Warning: Don’t leave your funds on an exchange/crypto service

JONSNOWING;18475 wrote:
Camavinga;18428 wrote:
crpuusd;18419 wrote:

To exhibit a platinum transfer that  disclosed a 100% decentralization is what Utopia p2p firewalls protocol has been made of. This doesn't plight users to any danger but instigate users to want to do more.

There is no danger with the utopia ecosystem, it is for people who want an ecosystem that is decentralized and that will not collect details from them. Utopia is good for everyone and what they are offering is what will help you if you are into crypto.

You are right mate, but no doubt there are still people who can’t trust the Decentralized Utopia system no matter the reviews it gets but has anyone left their funds before on an exchange ?

Some users might have different choices and this will have affect most systems in concur how well their service might have actually done so far.

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#375 2023-07-13 20:08:54

Crpuss
Member
Registered: 2023-06-16
Posts: 234

Re: Warning: Don’t leave your funds on an exchange/crypto service

Camavinga;18428 wrote:
crpuusd;18419 wrote:

To exhibit a platinum transfer that  disclosed a 100% decentralization is what Utopia p2p firewalls protocol has been made of. This doesn't plight users to any danger but instigate users to want to do more.

There is no danger with the utopia ecosystem, it is for people who want an ecosystem that is decentralized and that will not collect details from them. Utopia is good for everyone and what they are offering is what will help you if you are into crypto.

I agree with you mate, it’s hard to convince anyone who has had issues with an exchange to trust another exchange but the Utopia forum and Crypton exchange isn’t a bad advice

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