I'm happy that you replied to my question, dragospirvu75. I thought it was going to be flooded out or something. Thank you for the time that you spent answering it. So I understand that now, you have a new point of view on it? Imagine the influence of Satoshi in every one of us, this is so amazing.  |
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It will make FUD with all the headlines, especially knowing that the SEC is involved. It's going to be one hell of a ride again. At the time of posting, all the markets are now in red. Could this be one of the catalysts for it? It appears CZ might need to buy shares of another mainstream media company again heheheheehe. Is this a reference to something? I wasn't aware of him buying for mainstream media or something. I think this will always be a problem for pioneers of cryptocurrencies, and they will always be subject to investigation. I'm curious about what the conclusion will be in the coming years. |
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This would not kill or stop cryptocurrencies. It's impossible. Imagine those companies who have already invested a lot in cryptocurrencies and have been able to get more from their investment in them because they believe in them. It's just too much to stop.
People don't get to stop BTC itself. Regulators wanting to wouldn't be able to because of its structure. I believe people need to be educated about cryptocurrencies to understand how important they can be for anyone.
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For those who are interested in the coin, check the link below. https://coinmarketcap.com/currencies/celer-network/
With the recent trend OP, it has already gained 6%. It's in the green, and you could've profited from it. I hope you have been able to cash out some of your profits or something unless you have entered at the peak, which will be so far from the current price. Why did you choose this, btw? @OP |
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I'm amazed that there are still people who can continue staking it. The risk is probably zero, but the thought of it being rewarded somehow isn't there with what happened. I like the idea that it could be an NFT or something. If you have BCC, it could be considered the famous scam token until recently. Lol.
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You are not wasting anything, don't worry. It's going to be okay. I don't know why it annoys you so much. You could always reuse addresses just like how some members here in BTCT use their address in their payments in their respective signature campaigns and are being reused because it receives BTC weekly. Isn't the principle the same?
I don't get why you are annoyed with it. Can you explain it further, OP?
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I enjoyed reading this BTC Report that the Block has. They have discussed several topics that answer these questions below. - Why do people choose Bitcoin for an equitable economy?
- What is needed for more adoption?
- Why is Bitcoin the top cryptocurrency?
I've learned that people are using it for investment reasons compared to utility reasons. The comparison between the different income groups has shown that it's all about the belief in the system. I think I see the importance of the people with lower incomes choosing it because they believe in its actual use, unlike the higher income groups that are using it entirely for investment reasons like diversification of their assets. Having no gender divide also is being discussed in the report, and it's pretty good to see that it's not anywhere affected by that. I mean, why should it matter anyway? We should all be equal. More and more people have always seen cryptocurrency as something that could potentially help people's lives. Still, for that to happen, I agree that education about it would serve the best purpose towards having a better cryptocurrency experience for everyone. |
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It's like what they also say "Buy when others are fearful, sell when others are Greedy". I'm not sure if it was by Warren Buffet or someone famous who got rich in trading.
Anyway, I agree with what could be the best time to get in. It's always going to be a great idea to want to buy every time it dips or has a specific frequency, like every week whenever you have the money to buy something. It's one of the best ways that you could be sure that it's going to be a fruitful thing in the long run. As long as you believe that you can get more of it, it's not bad. Continue to believe in one thing, and it will surely reward you for something.
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It's like you still don't know the total value of something unless it comes to a time that it shows its actual value or something like that, right? Imagine having been there and having BTC in your wallet; then you didn't mind it too much because it has little value, and you eventually forgot it. I think that's the hard part for everyone, not just those who experience it but also those who have something right now and don't seem to see its value then. It is just the hope that would make them feel that it's worth hanging on to, and if you manage to have it stashed and make it grow, it could bring you something valuable, or it could not. Either way, you would still decide what to do for that current asset. Could this be applied with everything and not just assets? Like loved ones or something   |
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Any practical application of it? Like how will it be used?
I'm interested because when you know the current volume on a certain transaction that you have, would it correlate to how much change could it have with the following BTC price? Or would it just be purely informational when it comes to knowing the volume?
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Based on the name itself, you shouldn't expect anything from it because it's just going to make you feel worthless once you get in. Mostly, people who invest in it are ready to lose it all and it's going to be considered as a "very risky move" that would make you question every thing that you have. Knowing that you are not going to be correct all the time during selection of the coins that you will have. Hopefully, you would get the right one, but that's still going to be tricky.
The value that it gets is always going to be based on what people decides it should have. When it sky rockets because it becomes viral and with that in mind, it's going to go down for soon enough. So decide whether you want a quick buck or maybe feel the heat or something.
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I think they just wanted to make a statement about Bitcoin and how some other people have been misled by people who possibly don't know much about the crypto industry. Maybe they have relatives that a scam has victimized, and they have decided to let people "know" what they thought about crypto in general. It's still going to be per person to decide what they will do with their involvement in crypto.
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So you are talking about flipping NFTs? There are a lot of people using that and utilizing that in order to make a profit.
Since you are talking about gas fees, that's probably it. Your $120 might not last long if you are going to use the ETH network or something because it's going to be expensive. It's not going to be worth it unless it's going to be a steal.
For the part where you are going to use an exchange, it's going to be better I think if there are low fees to begin with. Maybe you can start there. Especially with what you mentioned, the free trading NFT.
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It's better to stay away from that, IMO. I don't think they would be able to recover from such a loss that they have, and many people have been able to get the airdrop and then sell everything, probably. I have seen with my ticker updater that it has become -99% for a time.
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Seeing what happened to the recent events when they released Luna 2.0 makes it seem that it has become a joke to everyone or something. I feel that they are trying to revive something that they didn't expect coming. It's something that they didn't know could happen because of their experiment.
With everything that has happened, I don't think it's wise to buy anything related to it.
I'm just stating my opinion and do not take anything about it as advice.
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There should always be a disclaimer about what you are advising on, especially if you are not a financial advisor. It's an actual job, especially those insurance sellers that give out different policies depending on your capability or something.
It's unfortunate what happened to your friend and your friends of friends because knowing what happened to Luna and Luna 2.0, it just makes sense that anything can happen, and a lot of people can be vulnerable if it wasn't good advice or something. Imagine being able to invest early on, it's perfect, but the total supply of the coins and the stashed money backed in Luna is not enough to let the stakes cash out. It just didn't become stable as the Do Kwon wanted.
I hope they can recover from this and everyone who has experienced losing everything. I hope they can come back and have a comeback.
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I don't know if the bank where your friend bought the Bitcoins from could help because if they made a transaction and they have successfully finished it, it would've been in the personal wallet of your friend already. Which means they would have finished their transaction and they have separated ways already. Bitcoin can be stored in a wallet so that's what your friend needs to figure out next. Maybe these questions could help. - How was the transaction conducted? Purely online? Or physical meetup with the representative of the company?
- How did the deal conclude?
- What were the necessary requirements in order to conduct business with the company? To buy BTC?
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I think that new coins would bring in profit for the "early people". It's always going to be the following who can profit: - Innovators - the developers and other contributors to the project.
- Early Adopters - those who discovered the project early on and believed it
- Early Majority - who invested after seeing marketed ads, etc.
Those who are in the late majority would probably have the least fun or probably losses could incur with them because of them being too late to invest and probably a lot of the early adopters and the majority want to cash out. It's important that new projects would be discovered early and it should proceed with caution as well. Determining the project early on would be quite hard but it's still important to make sure that you are not gonna get scammed or something. |
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