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Solves many issues which are created by the traditional financial system. You like working to make $100 and instead of spending that $100 you decide to save it, then a year later you can only buy $90 worth of stuff with it. Your money was basically devalued without your control. Fiat money printing hurt many people who were savers.
There are also other problems it solves like it’s decentralized, it’s trustless, it helps those unbanked. Sure it’s possible the price of BTC might decrease or increase due to its volatility but so does many other assets such as price of stocks or real estate.
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This should be obvious but whether a project can survive or become the next top 100 crypto cap coin depends on whether it gets a decent listing or not. The same can happen if a project is removed from an exchange.
That’s why you got all these people betting on which token an exchange like Binance will list next. Almost a guaranteed money trade if you can guess it correctly.
People usually leak the coin and you can tell from the charts. Usually there is a small pump before the actual big pump because it was listed somewhere big like Binance.
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He is correct in some sense. You hear these numbers such as $1,000,000 per Bitcoin. But guess what there needs to be people out there willing to pay that much for a Bitcoin to bring it to those levels.
Take dogecoin for example. The amount that is mined per month is like half a billion if the price is $1 per doge. And why it’s price wasn’t sustainable at $0.70 when Elon was pumping it. People need to understand how market cap is important. Easier to take a million dollar cap coin up than it is taking a billion dollar coin up.
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Currently lite coin is not going anywhere. The way I see it is as follows. If we get a big pump a few days before. Then right after the halving there will be a big dump most likely.
Don’t think the lower supply will really affect the market price since it’s not as large cap as Bitcoin or Ethereum. I just think this is a pure buy the rumor and sell the news type of event.
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I think $100K will be a very good result for a peak of the next bull run, because it will fit into the current pattern of reducing peak-to-peak relative growth. We went from 1.3K to 20K to 69K, so 100K will be only 50% increase from the previous peak. But the worst outcome if the market will peak even before the previous ATH - that will be a major bearish signal, it would mean that Bitcoin is overpriced and the subsequent bear market will be brutal.
You need to take into account the market cap. You can’t say that going from $50K to $100K is only 100% gain easy since we went from $3000 to $69000 last cycle. When we are in these mid high 5 figure prices then it means that you need a huge influx of money to support it. Not easy to do especially since retail is going away at the moment and going back to stocks. |
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Yeah the last few days is completely flatlined. There were many periods where you assumed there was some feed error because the prices weren’t changing.
Not only that but if you look at the time and sales the overall volume is just dreadful. Even don’t get too many trades which are greater than 1 BTC. Most likely will be like this to middle of September or early October. Unless there is some big event.
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If you guys want the best chances of getting this airdrop or Zksync. You should try and use your address on the ethereum network. From what I recall ARB didn't have this as an requirement but I feel the airdrop for LayerZero and Zksync will be checking to see if the main ethereum chain has transactions.
When they see that the address was used only a few times and only on one network that wasn't Ethereum, then they will disqualify you or they will just lower the airdrop amount. Most people won't qualify this way most likely since they are farmers and there is no reason for them to use the main ethereum chain.
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For the OP,
Stop believing what Youtube videos say when they give price predictions. Many people believed that XRP would go to $10 back in the last bull market and were disappointed with the outcome. The Youtube people have no idea what is going to happen. They are not financial advisors. They basically make clickbait videos because they get paid get view and thats all they care about.
This is no different than people thinking DOGE will go to $10 because Elon was pumping it on SNL. What they didnt realise is that for DOGE to stay at $10 a coin it would need a massive large market cap that wasn't sustainable. Its the same with XRP.
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In the current crypto landscape, we're witnessing an influx of AI-powered projects. However, it's crucial to remain skeptical as many of these projects lack solid evidence to support their claims of being AI-driven. It appears that some are merely trying to create hype to sell their tokens without substantial technological backing.
On the other hand, certain CEXs are incorporating AI into their trading bots, particularly for grid trading. They assert that this move allows beginners to take advantage of trading strategies without needing extensive expertise in the field.
For instance, Bitget has integrated AI into its grid trading system, and it's likely that other exchanges are exploring similar paths. But the big question remains: Will these AI implementations truly deliver on their promises or will they become obsolete in the future, dismissed as mere trash? As a crypto enthusiast, it's crucial to keep a watchful eye on the advancements and critically assess the real value that AI brings to the crypto space.
The issue with these AI grid trading systems is that if it becomes too saturated then it will no longer work. Say 10 people are using the grid system, should be fine. But eventually since its profitable people will put more and more money into their account balance and the impact will be bigger and require more liquidity. Eventually too many people will be using these AI trading bots and they will stop working. Some other people might even take trades in the opposite direction because they know its a saturated trade and it will stop working. I don't think the world markets can be traded by AI. Most likely human trading is the most precise. |
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There was a bull run like last month but it seems to have stalled. What is not looking good is that the stock markets are making highs while bitcoin and crypto markets are stalling. Most likely this is due to the Summer and very low liquidity.
I think yesterday the price of bitcoin stalled for like 10 mins and barely 1 BTC traded on Binance. It will be like this for another month at least until Fall starts. Usually TradFI also has low liquidity in the summer months. Best to just go outside and play.
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So I guess now maybe we will be able to buy a Tesla with Bitcoin and Elon will once again add Bitcoin to its Tesla balance sheet again?
You might not remember but he removed it because he said Bitcoin mining is not green and he would reverse his decision if it was. So maybe this article will change his mind.
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Yes days there are so many airdrop abusers that they are strict when it comes to qualifying. One of them is the volume of your transactions. If you do small transaction you might not qualify.
You also can’t send funds back and forth between accounts. You should also be active from time to time. Don’t just do one transaction and stop. You also should use other networks with your address.
Same with the zksync airdrop. Rules for qualifying will be similar.
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You can get this if you go thru many of the tick database providers like tardis or something similar. Pretty sure they have all the data going back to the beginning.
They basically save the API data and then sell it for quant reasons. Just google and find a service. Keep in mind it won’t be cheap.
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This story reminds me of that kid in Canada called CryptoKing which did something similar. He appeared rich during the bull market. Took peoples money and bought crypto after it topped and then lost most of his investors money.
Then he got kidnapped by one of the investors but made it out alive. Apparently he wasn’t a good trader or anything. But he was flashing his money around and convinced many people he knew how to invest and that’s how people got hooked.
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I used to talk about Bitcoin back in 2015 or so. And most people assumed it was a scam and never got involved in it. In 2019 most of my friends assumed Bitcoin was long dead.
Then the bull market came and everything changed. They kept asking how to buy it, how to buy NFTs, how to trade on defi, about alt coins and everything.
So it’s funny that when Bitcoin was down everybody assumed it was a scam and didn’t buy. They bought during the hype at the top pretty much.
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World coin is not like the Stellar Lumens airdrop. That one might of had an airdrop based on Facebook accounts however the main airdrop was based on Bitcoin addresses.
This was years ago, maybe 2016 or so. If you had a balance you got to claim an airdrop. So it wasn’t really fairly distributed. Because if you used alts or kept on an exchange you might of not gotten the airdrop.
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I like this guy and I think he would be a good president however I just don’t think that he will get enough support. Most likely Trump will be on the lead unless there is some hard evidence about his crimes and he ends up stuck in court for the next decade.
Maybe he should of started campaigning earlier. Because trump started pretty much since he lost the election and hence why he has all this support. Most people never heard of RFK Jr until perhaps 2 months ago.
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Man you know you are old when you remember the days of crazy Roger Ver screaming at the camera in his hotel room saying “It’s Bitcoin CASH!!!” Not BCash, don’t call it BCash. And then he gives the camera the finger.
Surprisingly these days we don’t have these block size wars anymore. I guess people accepted and aside from the Ordinals, fees were low for most transactions.
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What he says is the truth. Many that write those books and have those seminars aren’t good traders at all. If they were they would trade instead of wasting their time with writing books and having seminars. However there is no law which states that you must be a successful trader to promote seminars and charge people $10K for a course where they can find the stuff for free pretty much.
And he is correct saying most will lose money. Trading is hard and it’s why many give up after a few months or years. If it was easy then most people would trade instead of working some boring job.
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If salaries were paid in Bitcoin then I am assuming the result will be only slightly positive since many who have bills to pay would need to automatically sell to pay for goods and services. So there would be both a buy and sell transaction and the result would be the same.
There would be a small amount where the holder might keep the Bitcoin because they don’t need it as an investment. So there would be no sell pressure on that end. But for most they would need to sell to get fiat.
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