I'm back from a long break from altcoins and crypto in general.  During which I was occasionally checking up on BTC news, but didn't really follow anything else.  Recently got back into it after some curiosity.  There is one altcoin that pretty much came out of nowhere that's making a lot of noise. Instantly I'm super skeptical about it after only reading into it very lightly.  Seeing how Bitmain and so many other ASIC makers would suddenly have an ASIC for it (so much quicker than I've seen for any other altcoin).  The coin itself has no utility, it's not any any major exchange, and isn't really that ground breaking, and looks way too 'polished' from a marketing perspective.  I doubt that an ASIC maker would take such a risk on it.  Then, I see the exorbitant price gouging on these ASICS that probably cost no more than a few hundred dollars to make.

I think it's a well thought out scam (for lack of a better word) or what ever you call it.  I highly suspect that some shadow corporate entity, perhaps related to Bitmain is pushing this.  Let me explain my "conspiracy theory"  

- The entity drives/sponsors the development of a new altcoin/blockchain, gathers some open source community support.  Ultimately, the majority development is fully driven by those employed by the entity.  Many 'community' members are actually employees.
- This same entity is developing an ASIC chip behind the scenes very early on, no doubt at the same time of the project's conception.
- The entity sets up multiple new shell companies "to build" ASICs (all based in China of course), that appear to be independent of each other, but are actually owned/operated by the same.
- Once enough people jump on, they announce the ASICs and start selling them.
- However, the entity has already been mining with the ASICs, and suddenly the hash rate rises due to more ASIC's getting turned on.  Yet no one who's pre-ordered has one in possesion.
- The ASIC's go on sale at insanely high prices.
- Meanwhile, the entity continues to turn on more of their own ASICs
- At the same time, the entity is already announcing their next more powerful ASIC, well before anyone received the one they just pre-ordered.

It doesn't take many brain cells to see what's happening.  I doubt any serious crypto mining operator (what they call the "big boys") is investing in Kaspa ASICs.  The insane prices of almost $32k for a machine that costs a few hundred dollars to make just doesn't add up.  

This is targeted towards the individual who's got a few ASIC's at home or hosting, also happens to be sitting on some BTC/$$$, and is very easily manipulated by FOMO.  These 'suckers' shell out $32k or more for one or more of these ASIC's, being fooled into believing that 'big boys' are mining Kaspa.  Thinking that Kaspa is somehow this future solution to transactions, crypto, etc.

Bitmain (which I am almost sure) or whoever 'owns' them is somehow related to this, and they are making a killing.

Look NORMIE now and see the price.

Forget Bitcoin = NO

The big question is: which memecoin will perform best going forward this year? No one

The winner this year for Alts? ETH

Bitcoin can not afford to reprogram its potentials values of being a non-custodial currencies hence it is a technological development created by an initiative individual who is known to be Satoshi Nakamoto.

It is a financial system initiated without any sector of the government contributing to the structure neither being slated with any form of authority role in the system of the digital financial system as Bitcoin.
And on no account would the potentialities and nature of Bitcoin would be flexible to be reformed such as to be centralized in other to justify the mistrusts of the people who are in doubt of it with the facts that Satoshi Nakamoto has remained unknown and yet the digital currency is non-custodian.

I made this expressions because just in, a neighbor is f man who has been in good terms in a while now with me  asked if I can recommend him to any way she can Invest, have her funds secured and as much make profits.
So I recommended Bitcoin to her which she acknowledged that she knows a little about it but her fear is that it is not a centralized technology and for that she has always felt insecured on the development.

You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her.
And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.

Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.

   There is no how, you must have one or two trusted persons that is secretive which you can rely on for your Bitcoin WILL people you know can never disappoint you,but stand firm by you and your family when you are no more.

It sounds like you're saying that inflation is needed for a growing society.  

I personally don't like the whole merit sources thing but understand that it would get abused if it were fairly distributed to everyone.  I digress...

There is a certain level of inflation built into the system naturally, as people can send merits to others just by earning them (and amounts are raised if all merits are used).  I think your comment assumes that merit doesn't get recycled, but it does and quite heavily among certain subsets of users on these boards.  Due to these fundamentals, I would assume that merit numbers will continue to grow.  The only way it doesn't is if merit sources aren't distributing all their merits, which I am guilty of.

Bitcoin is currently undergoing a correction back to the $60,000s. Around $68k now, got down to $66k.


This is the time to buy before the bull run really gets going. This MIGHT be the lowest it gets. While a deeper fall during this correction, or another correction in the near future, is certainly possible, this might also be as low as it gets. After the near future, the only time it might get this low again is in like two years on the next bear market, and these prices may be the bottom of the bear market.


So anyone who has money sitting on the sidelines and who wants to buy Bitcoin, today is gonna likely be one of the lowest days we're gonna see for at least the next 18-24 months, and maybe forever! Buy!

Many times I've missed the opportunity of buying Bitcoin dip because of media sentiments. In 2022, when Bitcoin was $17,168.57, which would have been a good time to build a larger holding, some claimed Bitcoin was on the road to irrelevance others said it was dead. I could understand and agree with them because the value of bitcoin had peaked at USD 69,000 in November 2021 before falling to USD 17,000 as at the mid-June 2022.

After that time, the value had fluctuated around USD 20,000. And the same media claimed it was an artificially induced last gasp before the road to irrelevance. It seemed true as the FTX  bust had sent the bitcoin price to well below USD 16,000.

Later in 2023, Forbes headline crushed the confidence of many Bitcoin enthusiasts, saying if ETFs managed by asset managers are too successful, they will completely destroy bitcoin. Other sentiments like Bitcoin has failed on the promise to be a global decentralised digital currency and is still hardly used for legitimate transfers and that the approval of an ETF doesn’t change the fact that Bitcoin is not suitable as means of payment or as an investment.

Yet today, I saw the image above and it suddenly got the question into my head, Is Bitcoin still dead? We've all seen how Bitcoin has weathered through all the critics and FUD to breaking above USD 70,000 steadily since the beginning of 2024. There's all indication it's headed toward USD 100,000. What are you all thinking about these feet.

Should those who didn't buy all along dare to jump in or would you recommend going for ALTs as the rising of Bitcoin often drag along the altcoins. Let me hear your thoughts?

Anytime the price of Bitcoin skyrockets, there would be massive selling of Bitcoin and this practice(s) have always lead to the price of Bitcoin falling back afterwards. During the approval of spot Bitcoin ETFs, it was observed that the massive selling of Bitcoin when the price got to $48,000 made the price to fall to $38,000, it was after the corrections that the price began to soar higher again till now that it has set a new ATH of about $69,210 and immediately, massive selling and withdrawal of Bitcoin was also noticed.

Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.

There are enough merit sources and merits in circulation for a fair distribution of merit. More merits in circulation would mean more merits in the hands of merit abusers which isn't something we would want to see happening around, do we?

The part that many new investors are missing is there is no loss with bitcoin until you sell yours at a lower price than you buy