Not a practical approach to have products denominated againt bitcoin instead of fiat. It's like capping the price of bitcoin which is not really ideal. It could happen once all bitcoins are mined and the price is shown immense stability. But right now, people wouldn't like to cap bitcoin's price against some damn products.

The entire point of HODLing will fail if it happens!

Isn't it the most sensible thing to do when bitcoin is available at a discounted price which we may never see again? I believe buying and accumulating is the most sensible thing anyone can do right now! There is an opportunity window ongoing. Either you take it and the opportunity window will be closed.


That's another great indicator. Because bitcoins are kept in the exchange to make it easier for people to sell. But when it is moving out, it usually means, it is going towards a long term storage somewhere safer than exchanges. The indicators are bullish so is the price!

That's a good concept. If someone is holding a good amount of wealth in cryptocurrency and looking forward for ways to spend it like traditional currency, this kind of cards will come pretty handy. But it's unfortunate that Visa is making is super exclusive by just making 10,000 pieces of it. Which should have really been an instrument for the commoners. Such exclusive products don't make much sense because these are usually outside the reach of the commoners. Visa is probably trying to create some user case before launching a similar global initiative linked to cryptocurrency. Many countries do not have such facilities available where they can spend their cryptos just like traditional payment method.

I think Bitstamp is facing some financial issues. Otherwise, in a highly competitive market like crypto exchange, no company would take such a suicidal decision. It is pretty easy to trade in any other exchange instead of Bitstamp which wouldn't have any such inactivity fees.

My suggestion would be to leave this exchange for good and immediately withdraw all assets whatever you are keeping with them. Otherwise things could go out of your control pretty quickly.

To be realistic, internet and web technologies can thrive in an environment where majority of the things are available for free. That's why internet is adopted by the mass. If all of a sudden a segment of internet requires money to do some activities, it will fail miserably.

So Dorsey's web5 sounds like a niche segment within internet, that will be accessed and used by some niche segment of people. Will never be able to reach to the mass.

I believe it's a clickbait. FED had discussed about stablecoins and CBDCs and not about any other market leading cryptos loke Bitcoin or ETH. Otherwise, the below statement doesn't make sense,


Traditional cryptocurrency is actually challenging the dollar dominance. Fed is probably planning to bring dollar backed stablecoins or CBDC which will provide convenience to the international traders. FED can't become bullish about cryptos all of a sudden.

I disagree! Bitcoin is certainly not the only option available. Their are multiple useful coins available in the market. Personally I am very bullish on ETH, BNB, XRM etc. These are good coins with multiple use cases.

Bitcoin is definitely the pioneer here and the biggest cryptocurrency available till date. I also agree that the rest of the coins usually follow the trend of bitcoin. But when you talk about the only option - nope! It's not the only option!

Lol! The process of Bid to earn can be abused like anything. It will make use of people participating in a bid to artificially drive the price of an NFT higher. In order to earn, people will take part in the bid and push the price. It's an utter nonses and it is based on another nonsense called NFT.

Both of these trends will vanish sooner than expected. After a certain point of time, there will be no buyer for NFTs so a bidding platform based on NFT is going to die.

50% unemployment!!! This is absurd! The national unemployment rate in US is currently at around 4%.

https://www.statista.com/statistics/273909/seasonally-adjusted-monthly-unemployment-rate-in-the-us/

If the unemployment reaches 50%, then you will have to understand that the economy of that country is destroyed. Which is certainly not the case!

People who had studied business, are usually aware of this story of FedEx. However, if Smith had lost that week, the story would have been a lot different. Casino can change the fortune of fortunate people. I am not sure if you believe in destiny or not, but I am a strong believer of destiny.

If you are destined to live a wonderfully wealthy life, you will do that eventually. Your efforts will bear fruits. But if you are destined otherwise, you will live a very different life. Since no one knows their destiny, we all have to keep on trying.

1 BTC = 1 BTC  looks good theoretically but not practical at this moment. I don't know what will happen in the next 20 years, but for now, it is not really practical. At the backdrop of the current economic situation, what else can you do without coupling bitcoin with fiat? There's no alternatives available to determine the value of bitcoin.

If today I say, 1 gm gold = 1 gm gold, it would not make any sense! Same with bitcoin! It's no mistake, it's the correct thing to do to determine valuation.

Lol! It seems that the details of Chinese people has no value! Jokes apart, this is some nonsense ongoing and people with multiple apps on their phone, are more prone to such things. Especially beware from some apps that promises you to give you money on ad clicks. Probably that's how the hacker has done it but it's upto the investigation authorities to find it out.

If the hackers receives the ranson, he can simple push the coins through some mixers or from some coinjoin services to hide the trail. It's easy!

Dear op, that's how targeted marketing works! Android operating system is a part of the ecosystem they have created so that they can maintain and increase their dominance.

Let's assume you sell mobile covers of Samsung Galaxy Note phones. You can precisely target all Galaxy note phone owners within a specific geographic range. You can refine the ad serving towards a certain age group and you can precisely target those people who likes to do online shopping. Privacy is a myth in today's world. It exists only on papers.

Not really! Bitcoin has created a parallel economy alongside the mainstream one. The forerunner for paperless economy is will be CBDCs. Bitcoin can surely claim that it has forced the governments to fasttrack their CBDC projects, but bitcoin didn't replace paper currency from the economy.

Bitcoin is mostly used as an investment rather than a daily currency. In a perfect world, no one is interested in paying a transaction fee for their regular purchases.

It's a free world and free people are allowed to say anything. That doesn't necessarily mean that we all have to believe what other people are thinking. I am hearing "bitcoin is dead" from prominent personalities since a long time now. Did it happen? Nope!

Bitcoin is going through a bear cycle coupled with economic issues all around the world. So the recovery may take longer. Also failure and success have different parameters for each individual. So I don't feel bothered when I see someone is taking a dig on bitcoin. It's normal and it will never end.

I remember seeing such posts back in 2018 when the price of bitcoin reached to 3k level after seeing a ATH of 22k. People were in real shock. Many people I knew, had purchased bitcoin using their credit card so they were in huge debt. They all had to work extra hours so that they survive with the credit card interest. There was a total mess! then if I look back beginning of 2022, bitcoin reached 69k. This is a game of bull and bear cycle. Bitcoin has shown this very prominently. So if people have forgotten this, they can sell off and leave the market. It is not a game of faint hearted people anyway.  

Some businesses has certainly taken a direct hit whose main source of revenue was cryptocurrency. But nothing lasts forever!

It's no joke! That's a hard truth in 2022. Bitcoin is indeed going down like crazy due to the bullish cycle. Mr. Beast is actually pretty heavily invested in bitcoin and he had made couple of videos on bitcoin earlier as well.

Watch these videos:
https://www.youtube.com/watch?v=qzD4fcd-FBY
https://www.youtube.com/watch?v=-6nDPQNbEKs

It only hurts to see the truth that our bitcoin net worth is really really down at this moment. But I still believe in "to the moon..." statement!

Any luxury brand which has a huge secondary market, can implement blockchain based verification and ownership certificate. Brands like Patek Philippe, Louis Vuitton, Armani, Rolls Royce can make use of such verification service. However, this is only beneficial for brands with secondary market. So that the next owner can verify the authenticity of the product they are buying.

The market is constantly evolving and best brands are trying to put a stop on counterfeit products. Blockchain can definitely help there!

People who are bullish about bitcoin are buying it when the price is heavily discounted. On the other hand, naysayers are selling off. Time will tell who is right but there's no denying that an opportunity period is ongoing. Who wants to stay ahead of the competition, will take the risk and others won't take any action. We have to remember that fortune favors the brave. You can't win if you don't try!

The president of El-Salvador is definitely bullish about bitcoin so he took the right decision to include more bitcoins into the national treasury at a dirt cheap price.

I don't think bitcoin can help here to reduce the wealth inequality in any way. It will always remain the same. Think about it from a different perspective.

Riches can buy high end minkng rigs and can pay for maintaining the mining facility. On the other hand, an average Joe won't even think of mining due to the high setup cost. So even in bitcoin market, inequality exists. It can't solve global issues.