I think the saddest part of this whole hacking story is that transactions can easily be traced and movements of Bitcoin from one wallet to another can be ascertained but there is nothing so far that can be done to get back the assets stolen. And that can mean a very big encouragement to other hackers to do everything possible and to even invest in more sophisticated tools and means to become successful in wreaking havoc in many big centralized exchanges...because the money is really in there...millions of money. This is one big reason why DEXs are getting more popular though nothing is really totally safe as long as we have extremely talented and creative hackers around.
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As for me, Bitcoin should have been playing in the vicinity of $100,000 by now and should be increasing considering the many bad news happening in the global economy with the USA not doing well and with the threat of invasion posed by Russia to Ukraine. But no, the market chooses to also be afraid of things, fearful of what can be and have not seen much trust and confidence with Bitcoin as some sort of a protection or savior of a downturn economy. Well, the thing is that almost markets are not rationale...most investors are following the mood of other people just like a sheep following the leader to wherever that leader thinks he wants to go. So there is nothing we can do but wait for that AHA moment and I think that can surely be coming in no time at all...just trust and be rewarded.
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So what will keep me from making my own meme coin and name it as Daughter of Elon or maybe the Grandson of Elon or a Friend of Elon? I am not sure projects like this will really be successful in the long-term...even Dogecoin right now seems to be running out of steam even if Elon will be tweeting about it everyday. In other words, a project like the above is just a tool for pumping and dumping and nothing more...at the end its developers or the people behind it whether they are professionals or not will be the ones to get the most benefits.
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You just need to Google and found the many nasty things on Bitcoin generator...this is the best way to get scammed in the name of Bitcoin and then proclaim to the whole world that you are scammed by Bitcoin. Now, the real Bitcoin generator is actually Bitcoin mining and we are not talking here of a cloud Bitcoin mining because those are also scams...just another type of a Ponzi program to entice people to get in, stake their money, pay some of the participants and then evaporate when "it is time for them to do what they should have been doing everyday" - a paraphrase from no other then VP Kamala Harris (just to have some fun, anyway). As someone who has been a favorite victim of many scams and frauds, I am telling you this: be careful and do not believe everything you see and heard on the internet, trust no one not even yourself (okay, that is a little exaggeration, sorry).
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As pointed by forum member Ozero here, one of the underlying reasons why there are people especially those in power or have some form of influence is that Bitcoin has not been a profit producer for them and can even be taking some level of control so it can be worthless to them. There can be a time when there can be a unified fight agonists Bitcoin and its mining but thanks to some countries or territories' that are standing tall to the pressure. Coming soon is the El Salvador entry into Bitcoin mining and they are using geothermal power which mean less problems with environmentally conscious people. Right now, mining hardware is evolving and soon we can have a truly improved mining equipment that are using less energy and of course we have the option of using renewable energy for that matter.
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Well, anybody can use any investment tool for that matter to make sure that he or she can be financially independent in case something untoward happen like a divorce. But come to think of it, the best thing to do is to have a pre-nuptial agreement that must state that any party of the marriage can get involved with cryptocurrency and that the other one will not any stakes on it...unless of course a partnership agreement can be agreed upon during the marriage. Anyway, we know how destructive a divorce is so I think the best thing to do is both parties work hard to make a marriage a big success.
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I heard from somebody who is somehow authoritative that one reason we are not really in the bear market is the continuing accumulation of Bitcoin by many investors big and small. And this movement of Bitcoin from exchanges can be part of the reason why he said we are in this important stage. Well, we are hoping that soon Bitcoin will be showing more energy than it is doing right now so it can be back to upward movements and get into a new ATH.
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Well, just for the experience of buying a famous brand of a phone using Bitcoin, this can be worth it all though on my part I may not decide to part with my Bitcoin just for a phone and this is the speculative side of me speaking. This story is confirming that more and more merchants are now aware of Bitcoin and are so willing to do business with it...just like the gold in the past. Anyway, this is an experience that will stay with you for many years until one day when buying anything with Bitcoin can be so wildly popular so there is nothing unique with it anymore.
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I understand that Nigeria has a good rate of cryptocurrency adoption as more and more unbanked people find it interesting and convenience to be pay and be paid with cryptocurrency but there is a big hindrance to this story and it is, of course, no other than the government itself which is poised to never recognized and regulate cryptocurrency because of unfounded fear that it can open the Pandora's box and they in power can be affected at the end. Well, peer-to-peer can surely be done in this case and I think this quite popular in Nigeria. Will it be possible that there can be an app where people can use to enjoy cryptocurrency just like paying for a cup of coffee somewhere?
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I appreciate the continuing push of El Salvador with its current president for Bitcoin adoption as a legal tender. So far, it is only El Salvador that can claim the same and has already entered in the annals of Bitcoin history to be the first country to do so. We don't know yet what can be in the future as there are really pressures coming maybe from many sources for the country to stop making BTC as a legal tender...an example of this of course is the IMF. I am not sure if there is a term limit in El Salvador or when this president can step down but am hoping that the country can already see solid benefits before he fades away so there is no need to walk back away from Bitcoin.
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So this can be the compromise the government of India is willing to imposed in the name of legalizing cryptocurrency. In other words, things just boil down to tax or the money the government can be able to get in the expanding cryptocurrency industry within India. Though we can still consider this ad a victory for cryptocurrency enthusiasts and supporters in India, it comes at a hefty price. I am hoping there can be amendments as time goes on as this 30% tax can be a stifling agent instead of being a developmental one.
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