Justin Sun and his team tried to build an algorithmic stable coin like Terra with LUNA and UST. With same technical structure, I feel bit red flag for TRON in future. After the attack and death spiral on LUNA and UST, TRON and USDD were attacked too. Fortunately Justin Sun is rich and the marketcap of USDD was small so he can help to protect the stablecoin peg. I am unsure that in future when TRON and USDD become bigger in marketcap, what will happen with them.
USDD is just another clone of UST (Terra/LUNA's failed stablecoin). Justin Sun literally copies other projects' ideas and tries to bring it to the TRON blockchain. There's no originality or innovation here. I guess that's why demand for TRX is so low compared to other cryptocurrencies being traded across exchanges today. The TRON blockchain is fast and cheap for daily payments, but other chains have better features and dApps that are true quality. TRON's own algorithmic stablecoin (USDD) might fail in the future if TRX dumps real hard. It's "miracle" TRON is still alive after the rise of other smart contract Blockchains. If trading for TRX continues, it may last for quite some time. Who knows what the future holds for the project? Just my opinion  |
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Crypto-world is indeed flooded with centralized altcoins, isnt it? These newbies, clamoring for exchange stardom, ironically stray from crypto's original intent. Bitcoin, our founding father, aimed to bypass financial middlemen. But it seems that fresh coins care more about market monopoly and profits than preserving Satoshi's dream.
Even Ethereum's switch to Proof of Stake (PoS) has drawn flak, with fears that raising the staking minimum from 32 to 2048 ETH will concentrate power. The ascent of Centralized Exchanges (CEXs) over Decentralized Exchanges (DEXs) stirs debate. Yet, I contest its a sign of cryptos demise. Remember, Bitcoin, the decentralization lighthouse, still rules. Its soaring value could usher in more decentralized offshoots.
Exactly. Everything is heading off course. Crypto is slowly being taken to the hands of "Wall Street" players. Expect CEXs to become bigger and stronger than ever before. With centralization at stake, governments can do anything they want to control crypto use around the world. They can simply target CEXs and manipulate them for their own benefit. DEXs, and the other hand, are much difficult (or almost impossible) to control, rendering governments' efforts useless. However, these exchanges represent a small market share compared to their centralized counterparts. You can still use crypto with a DEX even with government restrictions in place, but you won't get the same convenience as a CEX. I'm afraid the industry will move away from Satoshi's original vision in the long run. At least, not all hope is lost. As long as there's one decentralized cryptocurrency (mainly BTC), we should have nothing to worry about. Just my thoughts  |
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But, I'm worried about the decision made by Tron, we'll see what happened to the BTT and SUN coins, both of which have been redone, so they have more supply and lower prices. This is not the right move for Tron as the owner of the token token. Because the public is already dealing with SUN and BTT according to the initial supply and price, but they are experiencing redeployment. Although holders get coins according to the amount they hold, the large supply may be disappointing. What if later in the third phase it is Tron that undergoes redenomination?
TRON's acquisition of BitTorrent was a huge failure. The BTT token hasn't been that popular since launch. I've tried seeding some torrents to earn BTT, but I've got nothing in return. It was a complete waste of my time. I could say TRON is merely focused on hype, instead of actually delivering a working product to the masses. Founder Justin Sun is known to shill TRX and SUN a lot through social media platforms. But it's all "buzz" compared to what utility/value these tokens bring to their holders. If there's only one good thing TRON has, is the ability to make fast transactions at the fraction of the cost of other blockchain networks. USDT is very practical on the TRON blockchain. Other than that, the platform would be nothing but pure garbage. If USDT moves off the TRON blockchain, then you can say goodbye to the project for good. TRON is open source, so who knows if someone makes a fork which aims to improve on the past failures of the original project? Just my opinion |
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It cannot be denied most of people who invest on altcoins is looking for a big PUMP and the another reason is there is so many altcoins who really has the good value, good product/service thats why we interested to put our money into that.
It's all about the money. Not because people truly believe in the technology. Altcoins are often cheaper than Bitcoin itself, making them a great way to explore the world of crypto without "breaking the bank" (especially "meme" coins). While there are zillions of altcoins being traded across exchanges, only a small few will survive for a very long time. That's because the vast majority of altcoin projects are hyped without bringing any real use cases to the world. You need to be careful not to fall into the trap, and lose all of your money in a "blink of an eye". By diversifying your investment between prominent altcoins and Bitcoin itself, you could minimize losses in the long run. No one can predict the future, especially when crypto behaves in many strange and bizarre ways. Who knows how far altcoins will go? Just my thoughts |
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I always think that altcoins are very risky investment tools, but I came across a very interesting statistic recently. According to this statistic ( https://twitter.com/K33Research/status/1668278108691079168), all of the top 100 coins in 2015 and any coins that made it to the top 100 since then have made more money than Bitcoin. Of course, there are also disasters like Luna and Namecoin, and the entire market is rooted in Bitcoin, but it is an important statistic to make an assessment of altcoins. As a result, investors in altcoins make a lot of money or lose a lot of money, but altcoins do not die and they continue to gain strength from Bitcoin as long as Bitcoin exists. Altcoins will never go away simply because they serve as experimental grounds to test out new features before they're implemented on the main BTC blockchain. Investors often choose alts due to their ability to reach high market prices in an instant. That is if they manage to buy coins before the hype. Some altcoins begin trading at cheap prices and end up being extremely-valuable in the long run. That happens when the coin brings something new that takes the whole crypto world by storm. It's like being able to buy BTC at a cheap price before it becomes very popular in the mainstream world. For these and many other reasons, don't count on altcoins (the trend) disappearing anytime soon. Who knows which new altcoins will replace existing ones in the future? Just my opinion |
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How I love it when someone opens another memcoin topic and puts a highly unrealistic prediction there $1 is too high a price for this memcoin and it is unlikely to reach that price. Despite the fact that memcoin has a solid distribution and is traded on very large exchanges, it is unlikely to be a good catalyst for growth. It is likely that by the next bull run, this memcoin will at most be able to show a rise of 10 or 20 cents, but no more. In general, the chart looks more like a classic pump and dump scam. I am aware a market price of $1 is an unrealistic prediction for a "meme" coin like TAMADOGE. After all, there are too many coins in circulation. Not only that, but the coin also lacks utility. I've only said about the possibility of TAMADOGE going to $1 in the future due to the hype surrounding "meme" coins. All it needs is someone (particularly a celebrity) to endorse it, and prices should "pump" all the way to the moon. One thing about TAMADOGE is that it has fun play to earn games. I guess that will keep market demand from going all the way down the drain. With so many "meme" coins out there, it's hard to predict which one will "pump" next. You could lose more money than what you'll earn in the long run. Who knows how long TAMADOGE will last? |
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Tether, being widely supported by American investors and backed by substantial funds in a bank, stands out as an exceptionally robust stablecoin. It currently holds a significant market share, making it one of the most prominent stablecoins available. Moreover, it enjoys strong backing from numerous blockchain platforms.
Just because Tether is doing well mow, doesn't mean it's guaranteed to last forever. Besides being centralized, USDT is heavily-dependent on the US banking system. Therefore, it could fail if the US Dollar goes all the way down the drain in an instant. If you really want something safe that will truly last forever, then Bitcoin would be your only option. The cryptocurrency is trustless and free from government and corporate control. Of course, there's always the issue of volatility. But that wouldn't be much of a problem for those who don't care about Fiat currencies. The latter is bound to collapse soon. Who knows what would be of stablecoins like Tether (USDT) and USD Coin (USDC) in the future? Just my thoughts |
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Looks awesome. Is the cat included (see ebay)? What kind of material is bismuth? For some reason my mind has marked it as "toxic" but not sure. Just checked wikipedia, it says an intoxication is unlikely to happen but similar to that of lead poisining. Just don't eat the coin I guess. Lol. The cat is definitely not included. But it's quite adorable, though.  I've read that Bismuth is rarer than Silver and it's safe to the touch. It gets that "crystalized" effect when it gets in contact with the air and other elements (oxidization). This creates Bismuth oxide which gives the metal a "rainbow color". There's someone called "The Bismuth Smith" which makes art out of this metal. I'd suggest you check it out here: https://www.thebismuthsmith.com/That said, I think I'm going to let my Bitcoin round made out of Bismuth to oxidize for a bit. It's just to see that "rainbow effect" on the coin. It will look even better in my opinion. |
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NFTs can last as long as their hosting does. Many people think NFTs are images on the blockchain, which is not true. They are just a link on the blockchain, so someone still has to be hosting the image. Until a better way to store NFTs on blockchains has been established as common, it will always come down to who is hosting the images.
It sucks to digitally own something you know it could easily disappear in an instant. I don't think there's an NFT out there that uses a decentralized cloud storage system. That's because most NFT creators don't give importance to ever-lasting data. They just want something that would make them quick buck, even if if the server where the data is hosted dies in the long run. To exploit NFTs' true potential, everything must be stored on the Blockchain itself (or at least, a separate network for hosting the data). Something like Bitcoin Ordinals or Bitcoin Stamps would do the trick. The only downside is that this will increase fees and slow down transactions on the Blockchain. The trend is still new, so I'd expect NFTs to improve in the future. Who knows if they're here to stay? Just my opinion |
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When paper money is completely phased out and replaced by CBDCs, our privacy is seriously threatened as they can control our entire finances, even with the smallest expenditures. Using privacy coins like Zcash or Monero will also not be able to guarantee our privacy if CBDC is the main currency of the world. I mean, we still need to convert crypto to CBDC, which is very easy to expose our privacy. I really don't want paper money to disappear, it's really not in our favor.
That's certainly true, mate. Privacy will be non-existent once CBDCs take over the world by storm. When paper money is phased out, it'll be difficult to "exit" the crypto world without bringing unwanted attention. You'll be limited to spending crypto at merchants and/or businesses that accept it. That wouldn't be a problem if salaries are paid in crypto. Unfortunately, that's not the case these days. Maybe this will change in the future? Living only on crypto will ensure your financial freedom and independence from banks and the government itself. Some countries are beginning to accept BTC as legal tender, so living on crypto would no longer be a distant dream. Who knows how much longer will it take for CBDCs to replace good-old paper money? Just my thoughts |
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These are serious allegations against the head of the SEC. If this information has become public, then the US Congress or other competent authorities should appoint an appropriate check and conduct an objective investigation.
But, in any case, over the past week, the price of bitcoin has already increased by more than 20 percent, and ethereum by more than 16 percent. The cryptocurrency market is recovering well. We expect the trend to continue.
BTC saw a temporary surge in market prices because of the Blackrock ETF filing and the creation of a new crypto exchange backed by prominent financial companies. I'm afraid things will head back to the way they were before the pump because of the SEC's aggresive stance against crypto. The real deal would be the upcoming BTC halving of April 2024. Market prices will increase due to the hype (aside from that fact that BTC will become scarcer). I don't think SEC chairman Gary Gensler will be able to "survive" after a change of government in 2025. If he's removed from office, crypto exchanges in the US will be relieved. Globally-speaking, this should have a positive effect over market prices in the short-term. Who knows if we'll see the light at the end of the tunnel soon? Just my opinion |
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Gambling? There are only two options: either your assets vanish or they multiply. However, Bitcoin has no association with that unless you activate derivative functions such as those on Binance Futures.
Bitcoin operates on a trust system built upon Blockchain technology. Its movements are purely driven by supply and demand dynamics.
To this day, many people believe in Bitcoin because it is decentralized and has a limited supply. As a result, demand will persist as long as major institutions continue to adopt BTC.
Thus, everyone will leverage its volatility function to their advantage.
It all depends on the type of cryptocurrency you're choosing. If you choose Bitcoin, there's no risk of losing it all in the long run. It keeps going higher in market price due to the way it was designed. Short-term speaking, BTC will go down. But you should take that opportunity to buy as much coins as you can to prepare yourself for the next bull run. I'd say altcoins are truly a gamble because they're extremely-unpredictable. Many of them have no real utility and are only driven by hype. This could make you lose all of your investment in an instant if people move on to the next big thing in crypto. The situation is worse with "meme" coins such as Dogecoin, and Shiba Inu. If you're going this route, I'd suggest you diversify your investment to minimize losses as much as possible. Who knows where the crypto market will go to next? Just my thoughts |
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Shipping costs? Are you referring to transaction fees? You are aware that bsc network can move other stable coins as well that are also dirt cheap to use?
Also i don't think many of us are using erc20, for moving small amounts of usdt anyway. Not only it's supported by bsc, you have move it via Arbitrum, Solana, Optimism, Tron, and even Bitcoin.
I am keeping mine in stablecoin if i want to reduce volatility. If i store something in fiat, i feel like i am completely out of the game.
I think that's Tether's huge selling point. It's available on multiple blockchain networks, unlike many of its rivals. Not only that, but the USDT stablecoin has first-mover advantage on the market. It has managed to retain its peg to the US Dollar, even with the banking crisis taking the world by storm. For Tether to fail, Bitfinex (the issuing company) must cease to exist. And I don't see that happening anytime soon. The company is bigger and stronger than ever. It's likely Tether will remain the sole survivor of the stablecoins group, until CBDCs replace paper money for good. Maybe the US will go as far as adopting USDT as the new "Digital Dollar"? Just my thoughts |
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I think cryptocurrencies are not decentralized, only a few are decentralized, and the rest are centralized. Decentralized exchanges have existed for a long time, but so far, it has not been able to compete with centralized exchanges for several reasons. And I also don't believe in the future, it can replace CEXs, very unlikely. Although many people will not like this, but CEX will never completely disappear, if Binance collapses, there will be one and many others to replace it. This is an area that makes a lot of money, I don't think people will ignore it.
Exactly. I'd say 99% of cryptocurrencies are centralized, while only a small few are truly decentralized. It's all about money these days, so exchanges will list coins that will bring the most profits (even if they're utterly-centralized). This is sad because it strips away crypto's original purpose of eliminating the middleman for good. Even ETH became centralized with the PoS upgrade. It's going to get worse if developers successfully increase the minimum ETH for staking from 32 ETH to 2048 ETH. The number of DEXs are also declining, as CEXs are taking over the whole industry. It's not that people are giving importance to exchanges, but rather VCs and institutional investors alike. Crypto is now in the hands of Wall Street. Centralization will go on top of everything else just to satisfy the government. There's been renewed interest into crypto from institutional investors, so market prices will only go up in the future. Who knows how far BTC will go? Just my thoughts |
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The thing is that exchanges will be needed as long as people keep getting paid in fiat for their goods and services.
But yeah, centralized exchanges might be stopped by the government when they start putting out the CBDCs.
Even worse, CEXs might become the trading platform for CBDCs after launch. That is if governments are planning to make CBDCs extensible. Sort of like a stablecoin which is programmable and can be used on smart contracts ("De-Fi"). Fiat (either physical or digital) is still the dominating force of the mainstream economy, so don't expect crypto to take over anytime soon. Exchanges (particularly CEXs) will be relavant as long as the world is stuck with the Fiat standard. Once BTC becomes the standard unit of account (like a reserve currency), CEXs will either cease to exist or switch to crypto-only trading. The crypto world is highly unpredictable, so expect the unexpected. Who knows where the future will lead us? Just my opinion |
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Litecoin is one of the potential Altcoins, therefore it is impossible for it to just die because it is still in great demand by traders and investors. it's just that the development team needs to be able to compete with other projects in order to raise its ranking.
However, to outperform Bitcoin will certainly not be possible, if the target is to become the top Altcoin ranking, of course, it still has the potential and hope to be able to compete with other Altcoins.
The competition is pretty stiff these days. There are so many coins out there with attractive features. If Litecoin wants to get all of the attention, the team is going to need to increase marketing/promotion efforts. It's all about the brand. Not the cryptocurrency itself. You can see how ETH is doing better than LTC, even though ETH has a much higher supply. VCs, institutional investors, and whales are all into ETH. Suprisingly, LTC has managed to stay relevant in the competitive crypto market. It may not have much demand compared to other coins, but it's one of the most accepted cryptocurrencies in the world. Nearly every exchange has an LTC trading pair. It's possible LTC will survive alongside BTC and ETH for generations. As long as it stays decentralized, we should have nothing to worry about. Just my thoughts |
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The possibility of bitcoin falling to zero is very unlikely, almost impossible, but that doesn't mean it won't happen, as the future is unpredictable.
In my opinion, whether bitcoin exists and continues to develop or not is entirely dependent on our needs, as long as we always need it, it will always exist and have value. The higher the demand, the higher the value always increases.
BTC recently went to $30k, so going to $0 is very unlikely right now. It'll remain a valuable cryptocurrency during our lifetime. Why would BTC go to $0 when it resembles Gold in every way? There's demand from institutional investors to keep "pumping" the price for quite a long time. While BTC won't go to zero in the timebeing, it will decline in price due to its extremely-volatile nature. You can take the opportunity to buy coins at the dip and sell them at a higher price in the future. As long as decentralization is preserved, you can rest assured Bitcoin will keep "chugging along" as usual. Who if it goes as far as replacing Fiat in the future? Just my opinion |
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It all started with ERC20. This was the first type of token who are in demand but by the time the ETH fee rises, coin devs have came up with a solution and they started to create tokens from other networks. There is also TRC20. I'm not only sure if it came first before BEP20 but right now I think most of the coins are still on BEP20 but coins under TRC20 are also cheap.
The most popular product of it would be the Tether. I always use it more than the ETH version. There is also BUSD from Binance but Tether from TRC20 is much popular. It is accepted on most crypto sites that I visit and also on crypto wallets that I am using. Overall, It's not about the network but it's about how the token is created. There are lots of failed ERC20 tokens before in case you don't know. It happened in the ICO era.
Technically speaking, there is no difference between Binance's BEP-20 and Ethereum's ERC-20 token standards. It's just that BRC-20 token transfers are cheaper and faster because BSC (Binance Smart Chain) has greater transaction capacity than Ethereum (ETH). But that doesn't mean it will stay like that forever. If BSC becomes heavily-congested, then fees will be the same (or even higher) than ETH. I think most people will choose ERC-20 tokens because of their first-mover advantage on the market. These tokens can be used nearly anywhere, unlike Binance's counterpart. I've previously mentioned something about BRC-20 tokens being inferior than ERC-20 tokens, and turns out, I was right. You can't just make a complex token with the BRC-20 standard than either the ERC-20 or BEP-20 token standards. Besides, ERC-20 is a little outdated. The new ERC-1155 multi-token standard is a much better choice. We may start seeing an equivalent version on BSC soon. Who knows if these two giants (BSC and ETH) will completely change the "De-Fi" landscape in the future? Just my thoughts |
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