Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.
The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?
Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.
Web3 is certainly a buzzword and a trend right now, but you are correct in pointing out that many gaming platforms may simply be using web3 as an opportunity to get even more attention. But practice shows that you always need to double-check everything and trust only your eyes and knowledge. In any case, the use of web3 is one of the best innovations that brings more new opportunities to the community and the market. |
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according to your predictions or speculations, will bitcoin and altcoins increase in price at the end of the year or not? and if there is an increase in the price of an altcoin, do you think which altcoin will rise higher?
As for your question, it needs to be clarified here, what exactly do you mean when you ask about the rise in prices for cryptocurrencies? If you are asking about a slight increase in prices, then there is such a possibility, as well as exactly the opposite, when the price, after a slight increase, goes down again. That is, in simple words, there will be high volatility in prices for cryptocurrencies. And if you are asking about the new bull run, then I believe that by the end of this year there will be no such growth, the maximum is not until the end of 2025, that is, when the global crisis subsides. |
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Using existing blockchains such as Ethereum and maybe one day Bitcoin they will bypass the banking systems completely and create a fully digital form of the dollar, hosted on blockchains. Bitcoin better get ready to support more functions, though moving at a snails pace you can little by little do more with Bitcoin than people know.  China failed at creating a global digital currency, they didn't use the blockchain and its centralized. Sure, we hate printing of money, but at least we can more actively see the MINTERS of USDs and what happens to that money. Physical cash is a MASSIVE waste of power and resources. From the materials its made out of, to the machines that create it, to the endless agents who have to find counterfeiters, to the banks hosting money on centralized ledgers, the list just goes on and on. It just doesn't make sense to have a stable coin "linked" to a bank somewhere. Defeats the real purpose of crypto and Bitcoin in general and then who trusts this auditor? FULLY digital dollar coming to a block chain near you! Talks about creating state digital currencies have been going on for a long time, and there have even been many pilot projects in different countries and they seem to have been successful. All this tells us that the world is preparing for the introduction of digital currencies, but here it is important to understand that it is unlikely that countries will use blockchain systems, but on the contrary, they probably already have their own similar systems that are ready for use. Of course, state digital currencies must be stable and it is they who will be able to solve the problem with fiat money, namely the problem of irreversible inflation, and will also be able to facilitate the process of making purchases and sales. So sooner or later the world will switch to new digital currencies, which means that we need to prepare for this transition. |
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To hold especially for an average investor is a strong contention to deal with. Over and again we hear the echo of hold from every where around the crypto industry. Long term will always pay big someday but for the investors who have nothing to spare their investment could be tempting. The urge to withdraw will always come. Sometimes not for pleasure but to solve pressing needs.
If the bull run ever start again do you think it will be massive for small and medium investors. I mean those who start up their Bitcoin holding investment with an amount as low as $100. I have been trapped having conversations involving Bitcoin investment and the major concerns of this folks has been how much their ROI will be if the invest. How long will it take for the bull run to resume and lots of many complicated questions. If I don't like overhyped discussions so I just tell them it is far better compared to having their money saved in the bank for 1 year doing nothing I do this to avoid been held by my words if things goes wrong.
Recommending someone to invest in Bitcoin is some how risky. If the don't have the patience to wait for the bull season to commence the might sell at a loss and but the blame on the introducer. And many likes attributing their failures to someone then their success to their personal effort. I have learnt from past experience that before I recommend Bitcoin to a newbie I will first ask how long the can hold for and that will determine if I will be willing to proceed with guidance or end it there.
It should probably be reminded that any investment is always a risk, and investments in cryptocurrencies are considered high-risk. On the other hand, as practice has shown, everyone who invested in Bitcoin at the bottom, everyone had the opportunity to sell it at a very high price and make good money, which indicates the correct choice of investments in favor of Bitcoin. And it also tells us that in this case everyone who invested and just waited won. As for the situation at the moment, it is important to understand that the situation may repeat itself, and on the contrary, everything can go according to a different scenario. It’s like before, people didn’t know that BTC would eventually reach great heights, but the one who believed in Bitcoin won in the end. So here everyone should decide for himself what he will do, and not follow the advice. |
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Official link https://finance.yahoo.com/news/twitter-crypto-head-staff-resign-190633380.htmlIt is well known fact that a lot of Twitter employees are leaving the company. Now the news that Tess Rinearson, who was made the head of Twitter crypto team has made a tweet stating that he is leaving the company. Many other people in the crypt unit of Twitter space also followed her and announced that they will also be leaving the company. What impact do you think this will have on crypto space in general ? I am sure they must be working on crypto inclusion on the platform in some way and now when they have left the decisions will be delayed in this matter. It is certainly very bad that crypto specialists are leaving Twitter, but others may simply come in and they will be able to complete all the necessary work. However, even if they don’t happen, I don’t think that this event will somehow affect the crypto market, because Twitter itself is not currently working with cryptocurrency, which means that all events taking place on Twitter do not affect the crypto market. Of course, I can be wrong and there is something that we do not see, but from the visible information, I hope that the crypto market will not receive significant changes due to the situation with the departure of crypto specialists from Twitter. |
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Lately, I've seen so many bitcoin holders speak so badly of fiat and how much they wouldn't want to associate themselves with fiat usage if possible, but I took some time to make a little research and from my research, I do observed that Bitcoin usage wouldn't be an easy one without fiat not even in countries where Bitcoin is legalized and my question is,
can Bitcoin be easily used and spent without Fiat?
My answer is No
What's your opinion?
Let's discuss
As far as I know, Bitcoin is good primarily as a means to accumulate wealth and save money. As for the ability to use Bitcoin as a means of payment, a number of questions immediately arise, for example, what exactly can be bought with Bitcoin without using fiat money. The mark is simple, unfortunately you can’t buy the main products for human life with Bitcoin, you need fiat money for this, but with regard to generating income and preserving and increasing wealth, Bitcoin has shown itself much better than fiat money, which means they complement each other and both are needed, in any case, at this stage of development of the financial and crypto industries. |
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Doge can go 1$ many people waiting that.
You know, indeed the price of Dogecoin can reach $1 per 1 coin, but that will only be when the crypto market gets a new push and goes to the moon. And knowing that Elon Musk approves of Dogecoin and has already done a miracle with its price, we can expect another such surprise from him. However, the question arises when exactly to start buying Dogecoin in order to get these coins at the best price. And here everyone must decide for himself whether to buy Dogecoin now or wait for a lower price. But whatever it was, the price for 1 Dogecoin = $1 is quite real, which means we need to prepare for its growth. |
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Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off.
What do you smells from it?
Not sure if a bullish move is starting, it was probably a hoax to confuse a lot of people. Let's take a sober look at the situation in the world and in the crypto market, and what will we see there? And we will see the reverse situation there. There is a closure of large crypto exchanges, a large inflation of fiat money, uncertainty in all markets, which means that it doesn’t even smell like a bull market. So a small movement on ETH is just a standard market situation, or as it is also called, price volatility. In order for the bull to be on the horizon in the world, positive events must begin to occur, and at the moment we are seeing the opposite situation. |
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Why coins not going up ?
If good news coming then price should follow instantly.
When there is good news i go Long position been waiting all day long and nothing.
Also the traders who post their ideas non of the signals don't move whats going on ?
It's imposdible to make any money in this Market
Somebody need to put money in it's fruturating like this.
As for the good news about cryptocurrencies, unfortunately in reality there is none, but on the contrary, there is bad news. But as far as I understand, you mean the statements of some crypto analysts and bloggers that a new price increase is waiting for us, but these are just wishes that have nothing to do with reality. I think that you need to look out the window and see what is really happening on the street, and there we see a crisis. Yes, the world is experiencing another round of crisis, which means that there can be no question of any increase in prices for cryptocurrencies. As for the good news, they simply have nowhere to come from. The main thing now is to soberly assess the situation and not make hasty conclusions and decisions. |
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The way I see it, all bullshit token and coin abandons are done for this one reason; they only have one purpose which I will explain better...
We saw Luna and FTT are made for a reason which is to support those companies themselves, the day these companies drop their token or their currency will drop too.
That's why for me bitcoin is perfection because this previous one is multipurpose and its foundation is to avoid intermediaries there are no companies managing it, we will not be able to match satoshi due to the price drop(thats a clever move for him to stay behind the scenes).
Because we know that satoshi does not depend on a company to reinforce bitcoin.
And with this I finish all the currencies are a scam(meaning that the price can disappear) for me, personally the legit ones they are btc and tether.
What do you think?
On the one hand, Bitcoin is the first cryptocurrency, which means it is much more important than others on the market. This is what tells us that Bitcoin must be held and it will be much more reliable than the rest. On the other hand, Bitcoin is powered by other cryptocurrencies, which certainly contributes to its strengthening in the market and among holders. Then it turns out that many but not all cryptocurrencies can be held, but if they are compared with Bitcoin, then it is certainly best to hold Bitcoin, and then at will and your own vision. Personally, I have always believed Bitcoin, as well as such altcoins as Ethereum, Litcoin and Tron. However, there may be other good cryptocurrencies, but Bitcoin is the best one. |
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Making Bitcoin a legal tender means when a person goes to purchase a commodity, instead of paying with dollar or whatever currency is being used, they pay with BTC.
Given the unstable nature of cryptocurrencies, and the untraceable nature, would you suggest it wise for countries to adopt Bitcoin as a legal tender?
Recently, El Salvador and Central African Republic announced that they have adopted Bitcoin as a legal tender.
I would not say that countries are afraid of Bitcoin, on the contrary, I believe that in the current situation that has developed in the world, the use of Bitcoin as a means of payment could facilitate the possibility of trade between countries. However, there are some concerns, for example, that the price of Bitcoin is too volatile, which means that if this nuance is resolved, then many countries will use Bitcoin. |
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