I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.
your thoughts?
Bitcoin was not created to make you free but make a currency which is immune to infaltion ,manipulation and control . And it will not give power back to working ecasue the rich has understood that they need to buy and hold BTC, which means that in purely BTC run world there would be BTC rich and BTC poor people as it is now. |
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is it a ponzi or is it a buuble?
Make up your mind. For example bubble was the marihuana stocks. Ponzi is when there is no inherit value or utilty in the asset and it keeps growinf till it goes to zero when everyone founds out.
BTC could be in a bubble, but it is not a ponzi.
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You are talking about very narrow field of stocks, which has a potential to rise. In general we have seen record year for stocks, the inital covid dump was absorbed fast and then the retail investor frenzy started tp pick up. Starting with tesla and ending with GME, which has not totally ended.
Thanks for the interesting tip, but in general markets are overvalued.
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We recently got yet another ATH, and to be honest I dont know what to think.
Before this i was convinced that BTC will drop and altcoins will go up. Now it is so weird, we have BTC going sideways and some alts going up.
It could be that BTC will bounce off 70k becasue it is historical logarithmic ressistance or it can go thru it and then surely we know what is the next ressistance, the 100k!
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I am not sure about Coinbase stock. Yes, it is the first ( as far as i know) crypto exchnage on stock market, but the stocks are extremely overvalued currently especially those who just launched in stock market , this together with the high valuation of BTC makes me think twice about purchasing coinbase stock.
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It is not the same as in the last cycle and will not be the same, we are in much bigger cycle. The biggest indicator is BTC. it has not gone down yet, it is even going higher and higher now. I believe that we will have 2 months more of this cycle before the market will go into '' dark crypto winter'' once again.
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One of the reasons why binance smart chain becomes this big right now is because ethereum gas fee is very high and this force some projects to switch to BSC but what do you think will happen once ethereum gas fee goes lower in near few months? Will BSC faced same fate as binance DEX? Or BSC will remain the better option over ethereum?
It defintely will crash and burn. Okay at least crash an never revisit those highs, remeber that we have has similar situations with bitcoin cash and btc.. the eth fees will go down and the bsc will lose its relavency. |
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Defintely low volume coins could make you rich , but the risk is very high there. be very careful researching them, they could be scam coins.
I think that i would look for working product which has been forgotten, but still with active community.
One of those coins is NEBULA AI, i suggest reaserching it.
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Hmm, th SEC lawsuit news makes sense since it was the reason why it tanked so hard earlier this year. The enviroment aspect takes any seriousness out of that interview for me tough, he was trying to pump XRp and suceeded. We all know that XRp moves extremely fast. It could go easily to 3 USD or more. |
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The fact that BTC got a new ATH right now is just crazy , this means that the alt cycle will be much larger than anyone tought.
Alt season usually is defined when funds are getting out from btc and is going towards altcoins. So alts are so high already bt the btc is still pumping, this meanst that we will see more alts pumpimg and for longer time frames.
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This is very interesting information, I would never think that it would be feasable to main BTC in Texas or i nUS in general . I tought that the electricity costs are way higher than in other places like Russia, India, China...
Regarding Tesla, no way, it is not their bussines , they have too much on their plate. The best case scenario could be that they would do something with tesla roof + btc as a marketing trick . otherwise, no way.
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It is completley false, in slots you have absolutely no control of your gains,it is pure luck.
In crypto as in an any other investment there is a risk of loosing money, but you are able to learn and research your investment, you can research the field, you can research the market cycles and fundementals of the project.
If you are talking this way, you are an emotional and young investor.
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You are right about history and trading, reading the news and watching the charts often impacts ones decicion making in very negative way.
But i dont agree with you about 1 year timeline, because history has shown as that Bitcoin cycles could have '' winters'' for several years, so i think that after one year we can be much lower than now.
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There already are tons of documentaries about BTC which includes information about Satoshi. The thing is that there is not that much to film about, Steve jobs is a person who you can talk to and find all his lifes work . But since we dont know who is Sataoshi it would not be that interesting because of lack of information.
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Just a thought, We have all witnessed how just a tweet from a top individual in society can influence the price of bitcoin. We have also seen many people tweet about something so much, it becomes a trend and something popular that almost everyone hears about. This has got me thinking; if we all collectively pick a day or a period of time and all agree to tweet, post and create a trend about bitcoin that will last a while on twitter or any other social media platform, will this help the current price of bitcoin get to a higher ATH?
It is genrally considered as manipulation. Musks tweet and news about BTC being accepted had such a big impact also because it was the first time big company is accepting BTC as payment not to mention that Elon is the '' god'' of tech. Also you wont be able to move BTCs price much it now has a lot of volume , most likely it could move btc a little bit and then it would go stright back down. |
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It depends , it could make it better or it can make it signifantly worse. Have you seen those traders who are sitting by their computer all day long and trading btc all day long? I think there even is a Vice documentary short film about this topic. I dont think that dose kind of people are happy. But those who saw the opportunity before BTC took off and invested, defintely it has made their lifes better  |
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I'm also a crypto industry worker, but these days, the Korean crypto market seems to be really too dangerous. It is becoming more speculative than investment, very concerned. Along with the frenzy of cryptos following real estate and stocks, the gap between the rich and the poor is getting wider and wider, and this seems to flow in the opposite direction to the value we hoped for through bitcoin, which is very frustrating.
It seems that Korea is on the same path as any other country, stocks have been boming for a year now, huge waves of speculative investment in weed stocks and tech stocks. Now crypto currencies are going thru huge bullrun, it will all end sooner or later and then we will be in depressive bear market with seemingly no end in sight. I dont know how you are correlating financial classes with these bull runs since everyone can invest. |
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In egneral , no it is not a huge problem. it can tough be a problem for growing adoption, just think about it , if the team is not able to explain their ideas, concepts and tools they want to provide in simple manner, most wont listen to them anyways because of how complicated it is. It can be a red flag in a situation when team is just throwing key words together, just to generate hype arounf them , but in reality they have nothing to show for it.
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I am not a fan of PayPal as a seller on PayPal, litle protection from scammy buyers, insane fees for regular transactions , also they are robbing people with conversation rates between currencies. As a buyer I tend to enjoy the protection they give me  I believe they saw that they are losing market share to crypto currencies thats why the had to start working with them not against them. |
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As per my view , Still bnb more potential. now go around 270-300$ per coin. Today announced a new IEO. I think In the end of
What do you mean ,they announced new IEO? I have to say that this BSC run has me thinking of the last bull run when we saw XRP rising very fast and when we tought it has aready had an incredible run, it run more, just like binance coin. The only difference is that binance coin has much more usecases and the ecosystem is exploding. |
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