 HashMasks $1,30,000 ARTWORK Crypto platform Against proof that this is a most value-able platform in this world. Any time it can makes anyone’s life. Today i got a News that on Thursday a users buy a NFT from opensea market place in just $130 and then on sunday he sell it $1,30,000 value. That means he makes a profit of 100000% or 1000× in just 3 days. Can you imagine that How much potential has this Nft market. And this NFT is a digital artwork. And the artist name is Hashmasks. He is a biggest record holder of all time. He also crossed over 16000 unique digital collectibles in ethereum based NFT market platform.   If you want to know more detailed information about this then you can check out here: News I read the news and this is my summary. 1.The value of an artwork is dependent on how valuable and the story behind the art. For example, I saw an artwork that has this inscription "The day Wallbelt fucked Wallstreet". Analyzing this will help us to see the story and relevance of the artwork. 2. Scarcity plays a very crucial role in the price of an artwork. Since with blockcahain an artwork can't be duplicated. Hence, I believe these are the reasons for such profit. |
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Well it depends on market forces, just as we have seen the market movement in recent times. Let me buttress with this. Fixed Supply of Bitcoin. With this core economic principle that btc is built upon, the demand of btc will always exceed the supply. What that means is an increasing surge in the price of btc. Hence, btc would continue to rise provided there is demand by retail and institutional investors.
It's unrealistic for now but one can not predict the future of Bitcoin by some calculation. BTC can reach any heights as I believe it has huge potential but I disagree 1 satoshi equals to $1 value that is beyond expectation.
There is nothing impossible. We have seen the following happening in the market lately. 1. How Dogde coin rose from a low level due to the activities of some powerful figures. 2.we have seen how Gamestop stock Price rose to a very high price due to the Redittors activities. Hence, btc can rise to an unprecedented level if ceteris paribus. [moderator's note: consecutive posts merged] |
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Glassnode has classified users who own bitcoins. https://insights.glassnode.com/bitcoin-supply-distribution/Shrimp (<1 BTC). Crabs (1-10 BTC). Octopuses (10-50 BTC). Fish (50-100 BTC). Dolphins (100-500 BTC). Sharks (500-1000 BTC). Whales (1000-5000 BTC). Humpback whales (> 5000 BTC)  Analysts clarify that the calculations cannot show the true picture, they are rather superficial. The true division of bitcoin may look a little different. 1.Not all Bitcoin addresses should be treated equal. For instance, an exchange address holding the funds from millions of users needs to be distinguished from an individual's self-custody address.
2.A Bitcoin address is not an "account". One user can control multiple addresses, and one address can hold the funds from multiple users. Glassnode noticed that the number of whales is regularly increasing, institutional investors are constantly buying bitcoin. They buy bitcoin for a long time and are not going to panic with any correction. Ask yourself, "What species can you be?"  The classification look like using meme for the purpose of entertainment. Well, I feel the % of people at the lowest level is higher than that, but, I am convinced that the number of Whales is increasing due to recent surge in adoption. We have many people who owns less than 1btc. |
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As already analyzed by others, here are summarized points while crypto mining will end in big farm.
1. Capital intensive:
The econometric model of btc mining would be this.
Btc Min =f(Rig, Elect., Kn, GovtReg, Hav, eror term (U))
When you look at the variables, we have Rigs to be purchased, electricity, knowledge, government regulations, having and other variables, these made mining to be very expensive.
2. Economic of scope and scale.
As the mining business gravitate into pooling of resources together, the economic chain reaction will be what we call economic of scale and economic of scale.
Conclusively, it's only few big farms that would mine in the future.
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Whos the groupf of people or people
So we are gona sell our top ? And for what reason they are going to buy from us ?
First layer investors are instutions , old bitcoiners old retail and those who started with crypto and btc early they made a alot mistakes and failures they are wise now amd will buy btc now again and will hodle.
But if the btc is. 100k or more whos gona buy it ?
Who we sell it ?
To people who are new in crypto ?
Or pension funds will buy it from us ?
I see that when the price of btc rise higher, it'll become higher for investors to buy as you know they are seeking for means to minimize risk. But, the few that'll have such wild risk appetite to buy will become the winners in the long run. I can see that in the future btc will be owned by few powerful people and powerful institutions. |
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Someone once explained to me that when sending coin to another address one must ensure that the address he is sending it to is compatible to the one you're sending it from.
This will happen when they are not compatible.
The coin sent will vanish without knowing where it went to, and that means a loss to you.
So, make sure you send btc to btc address, eth to ether address etc.
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By doing the bubble, this will only temporarily improve the economy, and even then it depends on someone who can place a position by buying at a low price before the bubble occurs. We know that many fell from yesterday's DogeCoin hike and there were artists who were also disappointed that they had lost around $ 150,000 buying at $ 0.08 ... so to reduce it, it would cost small traders in the crypto industry, especially Doge, nearly 50:50 losses and advantage.
You know I actually speculated that Dogdecoin will rise when Elon Musk was about speaking at Clubhouse. I didn't just speculate, I bought at 0. 04047. It later turned out that Elon's comment about the coin couldn't cause it to rise. I made a loss before selling of. That's how people lost money during bubble.
Regarding Musk action as regards club house; i think it is more than just a bubble; its a proper well thought marketing action; Musk having a clubhouse room on crypto currency means that there will be new clubhouse users; several subscriptions; and application usage and that means great revenue and price turnover for clubhouse owners; it is more than a bubble; it is a genuine economic growth. Atleast to my understanding
Yes, Elon Musk Clubhouse event had two impacts on two entities. 1. Clubhouse: just as you said, this is a strategic marketing strategy for Clubhouse. It's a form of leveraging on the influence of Elon Musk to grow the userbase. In fact the rooms were full. 2. Crypto : He said he Support bitcoin. That created a bubble that led to the increase in the price of btc. We are actually concerned about the impact of 2 on economic growth. [moderator's note: consecutive posts merged] |
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I believe whoever that claims to be Nakamoto Satoshi would be asked to do the following.
1. The US Supreme Court will summon him not just to answer queries and complex questions regarding the invention but also to access his btc in the presence of the court.
2. This is where the government will start to regulating btc because they can now point to the original inventor.
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I learned about Bitcoin at a quite young age, not really understanding why it was for, but liked its concept. I was 13 or 14 years old at max back then, didn't understand much, and didn't actually bother to research any further. I am not sure how much it was worth then, if I am not mistaken, it was valued at $200-300.
The faucet concept was really appealing to me, "Why are people giving out this coin for free?, I thought". Faucets would distribute hundreds, if not thousands of Satoshi for each claim/roll. I managed to earn a decent amount that way, but as I already mentioned, I didn't know much, thus, I didn't see it as an investment or anything close to that.
And how did I spend my Bitcoin? Buying Minecraft accounts, because they were cheaper than buying from the official store. Stupid me, wish I knew better back then. Those accounts turned to be the most expensive ones they could ever be, I really regret spending $5-10 each now. I feel like I spent more than $500 now. At that point, if I remember correctly, started browsing Bitcointalk and created an account, if I spent more time here, lol.
That was my first mistake. The second one was giving up/forgetting about it after a while. I mean, I didn't do much, but if I had continued playing with faucets, now I would definitely have a good sum of money, provided that I kept them in a wallet till now.
Got back a little before the 2017 price pump, started posting here and being active, learned about Altcoin mining, it was popular back then, set up my computer and even bought a second GPU. Was making daily profit, in Bitcoin and was delighted, within a couple of days, I had a full return on the GPU, and managed to acquire a decent amount of BTC. However, I sold some of it later, some before and some when the price skyrocketed, and deposited some to Bitstamp for trading. That's what I deem as my third mistake, should have kept them intact.
Unfortunately, when the price crashed, I lost faith and abandoned it and the forum shortly after. I return just a few months before, regretting being absent for so long, instead of taking advantage of such an opportunity, I got disappointed. I didn't sell though, I had set my coins aside, because deep down, I felt it would recover some day. My mistake was not buying any, since I have easily afforded to do.
Summarizing, I've always returned to Bitcoin, deep down I always knew it would become that successful, I'm trying to learn from my mistakes. Now, I'm trading several times throughout the week, managing a decent profit with each trade. There's no point in regretting what I COULD have done, but only to look forward, and what I can achieve now.
What a great experience that deserves deep reflective thinking. But, the way to have a better future is to maximize the present. Who knows, I would've done the same thing if I were you. But, you know profit will always be made in btc because the causality for price rise is no longer the halving which happen every 4 years but it's now institutional investors who buy frequently. |
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Trading bitcoin has emerged has a reliable form of generating enormous profit when properly analyzed.
Bitcoin paired with fiat in the exchange market has made trading more lucrative.
Finance a software app used in executing diverse Crypto activity which include:
1. Depositing
2. Trading
3. Buying
4. Exchanging and lots more
Since the advent of crptocurrency most investors has sized the Forex market trading crpto currencies against other fiat
Are you giving a hint about the 'software app' that you have mentioned named Finance? If you some skills and knowledge about trading tricks you can get a pretty well profit especially if you trade in the most volatile currency pairs.
To tell you honestly, it's more of a chance that a trader will lose money than to make profit in a daily basis. But I salute those full time traders that are overcoming the daily pressure of the market. Sure, monitoring the market movement on daily basis could be so discouraging as most movements will be disappointing. However, I feel with FA and TA skills or strategy a trader should be able to explore the market opportunities.
Whybis because the bitcoin market is highly volatile and if you have the right mind set for trading then you will market profits all what I do normally is to buy low and sell high this method has been highly lucrative for me.
A friend was explaining to me that it's possible to leverage on fiat to trade crypto. I am yet to get the mechanism behind such strategy. Do you also do that? [moderator's note: consecutive posts merged] |
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Musk was involved with paypal, and has access to a lot of high tech and high tech advisors.
Why then was he so late to support BTC?
Well, at the early stage of crypto people thought it'll be a failed experiment. But, for Musk I belive he has been doing DUE DILIGENCE regarding the use of crypto and how it will evolve. Secondly, leaving PayPal to working on other projects such as SpaceX, Tesla.. This is enough reason why his attention will not be in the crypto space. I feel this might to some extent justify his lateness to the most exciting party...
He was the co-founder of PayPal, a payments solution technology that goes directly against what bitcoin offers. It will obviously take him some time to churn the reality that bitcoin can co-exist with what we have right now in terms of payments and investments. Also, the dude is practically busy in most of his companies, especially his biggest cash cow right now, Tesla and SpaceX. Given the incredibly high valuation of Tesla stocks, Mr. Musk should make sure that those who bought shares would get their money's worth, and I believe that bitcoin is incredibly volatile at the time (even now) to cover for the money that Tesla is carrying should there be any issues and all.
Though Tesla may be highly valuable than bitcoin in terms of market market Cap, at the present time but I feel with the trend of btc the future market price of btc will be incomparable to that Tesla. [moderator's note: consecutive posts merged] |
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~~~
Many things which aren't bubbles, are called bubbles. While many real bubbles go unacknowledged and ignored.
Reading through your comment point out to me that there are possibly two kinds of bubbles, the real bubble and the unreal. But, you didn't give examples as to which is the real bubble? If you can, that'll help everyone following the thread to learn. |
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i try to understand how bubbles work on economic , and well , its like pyramid scheme i guess .
for example : person X bought doge at 0.5 cent price , then the price rise to 2 cent , and after that, person Y bought doge on that price , and a few moment later , price rise more to 5 cent , and the person X sell his doge at 5 cent price , and after X action selling his doge , the price down to 4 cent , then person Y reallized this is the limit i must take, then he sell it , and make the price go to 3 cent , then person A think probably a correction , then he join at 3 cent price.
well , probably i am wrong , but from that explanation, economic will growth for some reason.
I see the economic modelling of bubble to produce the following results. 1. If initially growth was at 0.50% 2. With bubble the growth would probably rise to say 5.0% 3. The 4.5% increase will create some chain reactions. 4. But if we have a correction of say 4.5%, the money in circulation will be wiped off. So, economically I see bubble to have a net value of 0.
From my perspective, the economy is somehow positively affected by bubbles. By that I mean, bubbles do add real value to economic growth. However, the overall can show a different picture from an individual one. Many people might lose their money during this occasion while companies, firms, big players are the ones receiving huge advantages in various ways. But as long as the economic growth, Bubbles are still harbored and manipulated. Thus, just try to make as much money as you can with this scheme. Remember to be very careful because you can lose all of your money if you arbitrarily invest in extremely intense bubble
You know there are two types of economic growth in economic science. 1. Nominal GDP Growth 2. Real GDP growth. If there is any impact that bubble could have on the economy is nominal because of inflated prices. [moderator's note: consecutive posts merged] |
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Over the weeks, we have seen bubbles being created in the market by some powerful people such as Elon Musk.
For instance, he recently tweeted that he will be speaking on Clubhouse today regarding DODGECOIN. Adding this to the reditt marketing force.
I want to know if the bubble these economic agents create will add to the value of the economy.
You know bubble would also correct itself.
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"What do you think will be the role of Bitcoin in 10 years from now? That of tulips, minus the decorative and commercial value of tulips, with a lot of blockchain engineers, consultants, attorneys, pundits and VCs seeking to find euphemisms to move that part of their resume into the memory hole." source: https://medium.com/coin-story/coin-perspective-7-douglas-jackson-913d1985e9faI will let you comment but is he doing the banks game now that e-gold is long time busted?  I sense the e-gold founder is being sentimental and not objective. he would have objectively compare the good sides of btc to e-gold or stablecoin to e good and also do the same to the down sides of both currencies. Well, i feel with his mindset he does not see opportunities in the blockchain technology supporting cryptocurrency, as such he would achieve very little success in trying to use traditional software for financial solutions
Bitcoin is successful because it has the potential to circumvent regulation... Some people think it should be illegal and it does not have any useful functions for society. Perhaps Bitcoin will play a key role in certain gray areas in the next ten years
Yes, i think in the next ten years btc will consolidate the functions its currently playing. The functions are; 1. measure of value: Which means btc will be adopted by businesses and individuals as means of payment. 2. store value: Which means that btc will be regarded as one of the best investment asset, perhaps it would be the digital gold at the time. It is very clear that btc is a better version of egood. [moderator's note: consecutive posts merged] |
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As for my answers to those polls - Yes and Yes.
why double yes ? central banks digital currency has accumulated 33% and that was under 50% but the second on the poll crypto accumulated 79% and that was over 50% . crypto is the real money not central banks digital currency . when we use central banks digital currency , we are seeing fake numbers but when we use crypto we see real numbers and we can verify that the balances that we saw on our screen are true . central banks digital currency dont have blockchain that can function the same . thats how bad they are Thank you for this insightful comment. This is exactly what trigger Satoshi Nakamoto to invent btc, the trust given the the fed has been broken by way of devaluing the currency. The answer to taking back that trust is cryptocurrency or btc that eliminate the third party and it's transparent.
Cryptocurrency is not actually currency, but it can be converted into currency. Cryptocurrency is composed of a string of codes. To a certain extent, cryptocurrency can be regarded as a commodity with a certain supply, and its price fluctuation is affected by people's buying and selling.
I think you'll better put it this way... Cryptocurrencies have two dimensions which are:.. 1. A store of value like bitcoin, which make it to be gravitating towards digital gold. 2. A measure of value, which makes it to be money. We are currently using it in this two ways, but we need more adoption [moderator's note: consecutive posts merged] |
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I think you mix up the cause and the effect. Musk didn't cause a Bitcoin bull run, he tweeted about Bitcoin because there was already a bull run. Just like now he is tweeting about GME which already goes to the moon. His tweets could have in short term pumped DOGE, because it's such a small coin, but he has not enough influence to move Bitcoin.
And of course his tweets could move Tesla, because it's his company after all, but this doesn't mean that he can move any market.
I have a different view about this, which is Elon's Effect could move any financial assets in either an increasing or decreasing manner. I believe aside from institutional investors that would take btc to the next ATH, the next person who can single-handedly take btc to the next ATH is Elon Musk. Watch and see, his influence is more than 1 billion powerful people.
Elon Musk Influence is so scary.. I remember when he Tweet about "Doge" and the price of DogeCoin up nearly 20%.
Most of us knows about this shit coin and One tweet from Elon Musk instantly changed everything. For me Doge is shit coin because of the Supply is infinite and based on Shiba Inu dog meme.
You see proper marketing can transform a less quality product into a quality product or a shift coin into a real crypto. All that needs to be done is a good publicity, because at the end of the day the value of a product is determined by the users.
Well, this became very interesting that we need to learn what's happening in the market in a reflective way. When the unconventional trends starts taking place, investors should be quick to BUY and quick to sell, that's the only way to maximize profit. I feel this would become a principle. [moderator's note: consecutive posts merged] |
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Bitcoin option is growing fast, many use the option to hedge their position. Huge amount of bitcoin will expire in this few days of January. Over 120,300 contract worth of $4billions will expire this Friday
What is the direction of this thread? And what do you aim to achieve by the thread? Well, i feel you need to provide enough information so i could make insightful contribution to the thread, i love topics around derivatives. But, i need to learn more about how derivatives (Option, forward, and future) really work, especially in the Crypto space. |
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What we should not fail to realize is the fact that the united states of America practice capitalism even though with regulations. The point is that regulation are there not to negatively prevent growth but to ethically guide the growth, operation and development of any industry. so, i feel that is what these two appointee will do, to ensure that the industry is regulated in the best way, so that the economy will benefit as well as the government.
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I really admire his trait of being hardworking, ambitious man. He is very open in each possibility and new way that's why he is the first tycoon that I admire and the first one who made a giant influence among other. In just a tweet he made a coin pump so very much even that tweet is just a joke it made the market and people went crazy. I really like him because of he is into technology very well, he starts from nothing and now he got everything.
Yesterday was another interesting day as EM proves this hypothesis again. he bought a gift from Etsy for his dog, and he then twitted "i gonna love Etsy" within two minutes the stock price of etsy skyrockected that the market capitalization rose by Billion of dollars. There is real power in the words and opinions of Elon Musk.
It's pretty obvious that a famous personality like Elon Musk can have the power to pump or dump a certain coin (remember Mcafee?) but in my opinion, it's really for the newbies since most pumps (especially when it is artificial) will be followed by an inevitable dump. At least Bitcoin already is famous which is why tweets from Elon Must won't really have any significant changes because the marketcap is too high to pump from just a tweet.
When it comes to bitcoin, Elon Musk won't have an impact on it because of bitcoin's strong back up these days that made its signicant price increase. But with Dodgecoin, when Elon Musk mentioned it on his tweet, it has made a 25% price upgrade. So i think Elon Musk is just an ordinary billionaire who thinks himself as very powerful because of his fame and his wealth. He is still renowned of his futuristic ambitions to build a city on mars. I beg to disagree with your statement that E M is just an ordinary billionaire, no Elon is an extraordinary entrepreneur and billionaire who is doing what his equals can not do or will never think is possible to achieve. When we analyse him with objectivity and without bais, we shall come to a conclusion that he is really extraordinary. To add to t, how many billionaire have such degree of influence that Musk has? How many billionaire have such degree of ambition that Elon has? [moderator's note: consecutive posts merged] |
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