[2019-08-26] Telegram's 300 Million Users Could Soon Be Trading Bitcoin ...

Carlton Banks

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Quote from: pixie85 on September 03, 2019, 04:01:40 PM

The most obvious reason would be ownership. If you trust facebook it shouldn't be a problem for you. It could even be a better choice than any other communicator but since Zucko is working with some 3 letter US agencies and leaking youur personal information here and there I'd be scared that if I say "bomb" somebody will break my door in the morning Wink

did you read the part of this thread where the Chinese government got their hands on the Hong Kong protester's Telegram messages & contacts?

veleten

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Quote from: pixie85 on September 03, 2019, 04:01:40 PM

Quote from: Carlton Banks on September 02, 2019, 02:22:14 AM

Quote from: pixie85 on September 01, 2019, 03:07:30 PM

Quote from: Carlton Banks on August 27, 2019, 11:49:50 AM

Telegram is not p2p

It's still better than whatsapp.

why?

you didn't provide any reasoning at all as to why

The most obvious reason would be ownership. If you trust facebook it shouldn't be a problem for you. It could even be a better choice than any other communicator but since Zucko is working with some 3 letter US agencies and leaking youur personal information here and there I'd be scared that if I say "bomb" somebody will break my door in the morning Wink

erm... do you really trust Pavel Durov that much ?
does it make any difference to you what country's agencies are sponsoring an app?
Facebook and whatsapp and Zukerberg serving one masters, Telegram and Durov others
or you believe in an independent genius that is fighting the system and promoting freedom of communications around the globe?
do not be so naive .... this is the same as to believe that Ilon Mask is a good businessman Grin

pixie85

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Quote from: Carlton Banks on September 02, 2019, 02:22:14 AM

Quote from: pixie85 on September 01, 2019, 03:07:30 PM

Quote from: Carlton Banks on August 27, 2019, 11:49:50 AM

Telegram is not p2p

It's still better than whatsapp.

why?

you didn't provide any reasoning at all as to why

The most obvious reason would be ownership. If you trust facebook it shouldn't be a problem for you. It could even be a better choice than any other communicator but since Zucko is working with some 3 letter US agencies and leaking youur personal information here and there I'd be scared that if I say "bomb" somebody will break my door in the morning Wink

Betwrong

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I stand with Ukraine.

Quote from: hatshepsut93 on September 01, 2019, 10:15:45 AM

Quote from: Betwrong on September 01, 2019, 03:38:57 AM

They have no idea, and, most importantly, don't want to have any, about how trading platforms work, which of them are safe etc.

This is such a small obstacle, that anyone who had the slightest bit of desire to buy Bitcoin easily overcame it. Sure, some users will use this new opportunity to buy Bitcoin, but most of them will probably be already familiar with Bitcoin and trading, as opposed to users who will be buying Bitcoin for the first time. So, to me the title "300 million users could be trading bitcoin" sounds highly misleading, with that reasoning you can say "7.5 billion could be using Bitcoin", just because anyone has the ability to download a wallet.

I don't completely disagree with you. Indeed, it would be more fair if the article was titled "Some of the 300 million users could be trading bitcoin ...". But that's not how journalists name their articles, and we all know about that, right? They want their article to be read by as much people as possible, so they exaggerate things a bit in the title. I even think they are taught to do so in the places they learn journalism, and that's why we see similar titles pretty often. I personally think that the content of the article is what is really important. If there is some interesting info inside, we can forgive a clickbaity title.

Quote from: 1Referee on September 01, 2019, 07:04:07 AM

Quote from: Betwrong on September 01, 2019, 03:38:57 AM

I disagree with your last sentence. Telegram users, who are not trading currently, don't do it because they are not traders. They have no idea, and, most importantly, don't want to have any, about how trading platforms work, which of them are safe etc. If they will be provided with opportunity to do easy trading on the platform they know, some of the 300 million Telegram users will start doing that, I'm sure.

I like your open mindedness. It made me look at this event from another side instead of just focusing on their privacy issues (which are very serious and shouldn't be ignored).

It could indeed be that people either haven't been exposed to trading in general, or know about trading, but simply prefer to not leave the ecosystem they are comfortable with, mainly with how crypto exchanges have been quite a subject of discussion when it comes to hacks and whatnot. If this ends up bringing in some more liquidity, that would be cool.

Thanks for your support! There are so many completely negative things around that I'm trying to find positive sides where they can be found at all, to avoid ending up rejecting everything.

sureshverma

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Soon they will be trading a new cryptocurrency from Telegram

Carlton Banks

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Quote from: pixie85 on September 01, 2019, 03:07:30 PM

Quote from: Carlton Banks on August 27, 2019, 11:49:50 AM

Telegram is not p2p

It's still better than whatsapp.

why?

you didn't provide any reasoning at all as to why

pixie85

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Merit: 531

Quote from: Carlton Banks on August 27, 2019, 11:49:50 AM

(it's p2p, like Bitcoin. Telegram is not p2p)

It's still better than whatsapp. People don't care about privacy and you can see it by the share number of facebook and whatsapp users. Decentralized exchanges have less than 10% of the market share of the centralized exchanges. Probably much less than 10.

I like telegram and use it a lot but if it allowed me to integrate a wallet I probably wouldn't do it because I don't need 5 wallets or more. I'm already using Electrum and Coinomi. Too many programs doing the same thing will only give you a headache.

hatshepsut93

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Quote from: Betwrong on September 01, 2019, 03:38:57 AM

They have no idea, and, most importantly, don't want to have any, about how trading platforms work, which of them are safe etc.

This is such a small obstacle, that anyone who had the slightest bit of desire to buy Bitcoin easily overcame it. Sure, some users will use this new opportunity to buy Bitcoin, but most of them will probably be already familiar with Bitcoin and trading, as opposed to users who will be buying Bitcoin for the first time. So, to me the title "300 million users could be trading bitcoin" sounds highly misleading, with that reasoning you can say "7.5 billion could be using Bitcoin", just because anyone has the ability to download a wallet.

1Referee

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Quote from: Betwrong on September 01, 2019, 03:38:57 AM

I disagree with your last sentence. Telegram users, who are not trading currently, don't do it because they are not traders. They have no idea, and, most importantly, don't want to have any, about how trading platforms work, which of them are safe etc. If they will be provided with opportunity to do easy trading on the platform they know, some of the 300 million Telegram users will start doing that, I'm sure.

I like your open mindedness. It made me look at this event from another side instead of just focusing on their privacy issues (which are very serious and shouldn't be ignored).

It could indeed be that people either haven't been exposed to trading in general, or know about trading, but simply prefer to not leave the ecosystem they are comfortable with, mainly with how crypto exchanges have been quite a subject of discussion when it comes to hacks and whatnot. If this ends up bringing in some more liquidity, that would be cool.

Betwrong

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I stand with Ukraine.

Quote from: hatshepsut93 on August 30, 2019, 11:49:28 PM

Saying that 300 million users could be trading Bitcoin is insanely misleading, it's like saying that 2 billion people will use Libra because they have Facebook accounts, or that billions of people track Bitcoin price, because Google shows BTC price if you search for it. When a company rolls a new product in completely different fields, their existing customers don't automatically transfer to it, that's not how business works, ffs. Telegrams 300 million users will keep chatting now even knowing about this new possibility, and even if they know it they probably won't care. People who want to trade crypto already do it, and those who don't won't change their mind because it comes to a new platform.

I disagree with your last sentence. Telegram users, who are not trading currently, don't do it because they are not traders. They have no idea, and, most importantly, don't want to have any, about how trading platforms work, which of them are safe etc. If they will be provided with opportunity to do easy trading on the platform they know, some of the 300 million Telegram users will start doing that, I'm sure.

hatshepsut93

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Saying that 300 million users could be trading Bitcoin is insanely misleading, it's like saying that 2 billion people will use Libra because they have Facebook accounts, or that billions of people track Bitcoin price, because Google shows BTC price if you search for it. When a company rolls a new product in completely different fields, their existing customers don't automatically transfer to it, that's not how business works, ffs. Telegrams 300 million users will keep chatting now even knowing about this new possibility, and even if they know it they probably won't care. People who want to trade crypto already do it, and those who don't won't change their mind because it comes to a new platform.

ayoubouni95

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CurioInvest [IEO Live]

Knowing that all Telegram chats are centrally stored on Telegram's servers, the fact that Telegram holds the encryption keys capable of reading any conversation stored on these servers because of how the transmission of messages is setup, I have my reservations.

Quote from: veleten on August 27, 2019, 03:11:13 PM

Quote from: Carlton Banks on August 27, 2019, 02:32:49 PM

Quote from: Schirer on August 27, 2019, 02:22:13 PM

Regarding the privacy, telegram is privacy oriented as long as they principles do not change, i will consider it cautiously pro privacy.

no it isn't

telegram servers know your phone number, and who you're talking to, even if the chat is encrypted. and considering most people just download the Google version, who knows what's really going on in that app

speaking about telegram and privacy:
https://www.zdnet.com/article/hong-kong-protesters-warn-of-telegram-feature-that-can-disclose-their-identities/

tl:dr police adds their numbers in groups and requests the list of all the phone numbers in this group
and imagine that - the most privacy oriented messenger out there sends them
think twice before trusting mass media and articles about the most secure , privacy oriented etc.

-Because of this added info, it would be a mistake to financially transact/trade with anyone in-app on Telegram.

mohdk52

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Soon Telegram will create its own cryptocurrency and they will not need btc

Harlot

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Before they even introduce a crypto trading platform within there app I think they should face a more pressing issue first and that is the growing number of scams and fraud happening in their platform. There is no doubt that Telegrams is popularly use in the industry from ICO groups to subscription base analysis all kinds of members are using it and also are the scammers and fraudsters. With how quickly one person can create and delete a new account scammers gets to take advantage of it. If they introduce this crypto exchange there is no doubt that it will attract more scammers into the app and a lot of innocent people will be victimized by them.

BitValve

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BitValve P2P Cryptocurrency Exchange

Quote from: Betwrong on August 27, 2019, 08:26:30 AM

I know that Press section is being moderated really hard these days, and maybe rightly so, but I think this article by Forbes worth discussing here.

Now, crypto trading is coming to Telegram, a messaging app which boasts more than 300 million users around the world, via bitcoin and cryptocurrency wallet provider Button Wallet.

"Cryptos' biggest obstacle is mass adoption and what we’ve created will help people comfortable with trading cryptocurrency without using real money," said Alex Safonov, co-founder and chief executive of Button Wallet.

Reda more:

https://www.forbes.com/sites/billybambrough/2019/08/26/telegrams-300-million-users-could-soon-be-trading-bitcoin-and-cryptodespite-serious-security-warning/

These actually sound like fantastic news. The more people get *easy* and direct access to crypto, the more the bitcoin and crypto community will benefit!

Carlton Banks

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Quote from: Naida_BR on August 28, 2019, 01:08:05 PM

If an application like Telegram integrates a Bitcoin trading feature and make it easier for users to buy and sell Bitcoin then the price is going to increase and it is a good step towards mass ~~adoption.~~ surveillance

FTFY

Naida_BR

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Quote from: Betwrong on August 27, 2019, 08:26:30 AM

I know that Press section is being moderated really hard these days, and maybe rightly so, but I think this article by Forbes worth discussing here.

Now, crypto trading is coming to Telegram, a messaging app which boasts more than 300 million users around the world, via bitcoin and cryptocurrency wallet provider Button Wallet.

"Cryptos' biggest obstacle is mass adoption and what we’ve created will help people comfortable with trading cryptocurrency without using real money," said Alex Safonov, co-founder and chief executive of Button Wallet.

Reda more:

https://www.forbes.com/sites/billybambrough/2019/08/26/telegrams-300-million-users-could-soon-be-trading-bitcoin-and-cryptodespite-serious-security-warning/

There are many people who are not buying crypto because they find it difficult.
If an application like Telegram integrates a Bitcoin trading feature and make it easier for users to buy and sell Bitcoin then the price is going to increase and it is a good step towards mass adoption.

milewilda

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Quote from: BitHodler on August 28, 2019, 07:25:20 AM

Quote from: CryptoBry on August 28, 2019, 02:44:15 AM

With its millions of users, even a portion of them will be interested and really use the platform for trading cryptocurrencies like Bitcoin, this can be a big potential that can be worth exploiting. We know that there are more than 300 millions using Telegram so even just 1% of them can be enticed to this offer the business volume can be a lot...

The 300 million users Telegram has is nothing but a metric used to make click-bait headlines. Most of the people who use Telegram are semi tech savvy and know about Bitcoin and crypto in general already.

The people actually interested in Bitcoin aren't going to wait for Telegram to finally start offering Bitcoin trading-- they already do that on existing crypto exchanges and probably will keep doing that even with Telegram in the picture.

Being a little more positive about Telegram and Bitcoin trading, it's of course always a good development to see more players enter the trading field. More trading platforms means better service at lower cost.

This is actually true even Telegram would integrate this trading feature it wont still make significant effect but rather adding up more option for people to buy btc to their platform but somehow this add up is still a good one yet it do really add up more choices or gateway for us to trade on.300M users? Im pretty sure that only 3/4 are just bots or multi-accounts and a slight portion of those numbers are the real users.

BitHodler

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Quote from: CryptoBry on August 28, 2019, 02:44:15 AM

With its millions of users, even a portion of them will be interested and really use the platform for trading cryptocurrencies like Bitcoin, this can be a big potential that can be worth exploiting. We know that there are more than 300 millions using Telegram so even just 1% of them can be enticed to this offer the business volume can be a lot...

The 300 million users Telegram has is nothing but a metric used to make click-bait headlines. Most of the people who use Telegram are semi tech savvy and know about Bitcoin and crypto in general already.

The people actually interested in Bitcoin aren't going to wait for Telegram to finally start offering Bitcoin trading-- they already do that on existing crypto exchanges and probably will keep doing that even with Telegram in the picture.

Being a little more positive about Telegram and Bitcoin trading, it's of course always a good development to see more players enter the trading field. More trading platforms means better service at lower cost.

Betwrong

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I stand with Ukraine.

Quote from: CryptoBry on August 28, 2019, 02:44:15 AM

With its millions of users, even a portion of them will be interested and really use the platform for trading cryptocurrencies like Bitcoin, this can be a big potential that can be worth exploiting. ~

That's what I think too. Telegram may be not the best place for trading Bitcoin and other cryptos, but for millions of people it can be the starting point of their engagement with this business. They may choose more secure and more privacy oriented platform for crypto trading/holding in the future, but they will become acquainted with this business through Telegram.

There is no need in connecting with Telegram for existing Bitcoin users/traders, but for those who already have accounts there, Button Wallet can be their first step towards Bitcoin adoption.

Topic: [2019-08-26] Telegram's 300 Million Users Could Soon Be Trading Bitcoin ... (Read 356 times)