Bitcoin Forum
May 25, 2024, 11:53:03 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 [93] 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 ... 641 »
1841  Alternate cryptocurrencies / Altcoin Discussion / Re: What's your opinion on the future of Decentralised exchanges on: January 24, 2023, 04:45:54 PM
I agree. I don't think most people can catch up with DEX that easily. In this day and age wherein a lot of minor inconveniences are considered as 'problems' by a lot of people, you wouldn't expect them to try and go learn about DEX themselves. It's quite ironic when information is readily available, but people still stay uninformed. CEX provides that easy access and an overall smooth transaction for the average Joe, and DEX is for those who seek added security and anonymity in dealing with cryptocurrencies. It will remain as a separate niche for a long time, and CEX will surely eat the bigger share of the pie until then - though that doesn't mean that DEXs would be gone. They're just not going to be hosting a lot of volumes that's for sure.

DEXs have many flaws, so it's unlikely they'll replace CEXs anytime soon. Despite this, I still believe they have a future because developers are working on improving them every step of the way. L2 scaling solutions, and ZK-Proofs will make DEXs as comparable as CEXs someday. These last ones would be more regulatory-compliant because of the way they were designed.

In the future, people will get to choose an exchange depending on their needs. If they want anonymity and control of their funds, they'd simply use a DEX. But if they want ease of use or more liquidity/trading volume, a CEX would be the only way to go. It seems to me that CEXs and DEXs will co-exist for generations. Just my opinion Smiley
1842  Economy / Economics / Re: The impact of Russian and Ukrain war on world economy on: January 24, 2023, 04:35:03 PM
US is both being hurt and benefiting from this conflict at the same time since a lot of things didn't go according to the plan. The best case scenario for US would have been to decrease energy prices so that they don't enter recession themselves but failed to do so which is why the US economy is hurting too even though they reduce its effects by dumping it all on EU. Which is proof that US has no allies, only other countries that they use.

As for the benefit, it is two part. First is destabilizing the world and weakening Russia while US itself is not losing troops since they are fighting Russians through a proxy. And second is their failing military industry that had lost a gigantic portion of the global weapon sales over the past couple of years. When they started the proxy war with Russia, they regained all of that lost profit and more by increasing their prices up to 12 times in some cases and increase the amount of garbage they sell to other countries.

I see the current unfortunate series of events as a sign of American decline. Russia wouldn't had invaded Ukraine if the US was a "force to reckon with". Now everybody is paying the price as gas, food, and energy prices are increasing by the day. Even though the US hasn't directly intervened in the conflict with its military, it has spent billions of dollars and wasted a lot of its weapons reserves to support Ukraine. The more it gives Ukraine, the weaker the US will become.

I think the bad things outweigh the benefits. It's almost a year since the war started, and energy prices haven't been put under control yet (both in the US and EU). The US claims inflation has declined, but with rising energy prices, things will get worse in the long run. Who knows if the whole world is headed towards a very dark future? Just my thoughts Grin
1843  Alternate cryptocurrencies / Altcoin Discussion / Re: Free crypto possible ? Or impossible? on: January 24, 2023, 04:26:14 PM
Crypto enthusists should keep in mind the time they spend grinding these priceless tokens is wasted. Time that they could be putting under good use and making real profit, instead of receiving tokens they can't even sell after all, because the developer didn't take the project till the end, didn't register it at exchanges or didn't manage to create any demand in the market.

There are good opportunities in crypto, without any doubts, but to start from zero it's not the same thing than it was years ago. These days it's more interesting to make initial budget outside crypto in order to start investing on it later.

Developers give away "free coins" just to "suck in" as much people into their projects as possible. Some do it to pull off a scam, while others just do it to help their projects gain exposure. Claiming "free money" from airdrops is no different than claiming coins from a faucet. You'd waste a lot of time just to get a small reward in return. It's totally not worth it. You're better off working for crypto or mining/staking to get higher returns in the long term.

With regulators weightning on the industry real hard, you can say goodbye to freebies for good. Who knows if this means less scam projects in the future? Just my opinion Smiley
1844  Economy / Exchanges / Re: Will there ever be any safe centralised exchange ? on: January 24, 2023, 04:20:06 PM
Absolutely.

One of the main key points of Bitcoin is the decentralization of it.

Anything that is centralized should not be seen as beneficial for Bitcoin or the people using it.

I think it's just the fact that most people just want the convenience that comes with centralization, but that's a bad trade off.

Most people are too lazy to learn how to properly use a DEX. They prefer to trust a third party with their crypto just to avoid having the responsibility of securing the keys themselves. You would just deposit crypto in a CEX, start trading, and forget about the rest. Some DEXs have slow performance and utterly high fees due to the underlying Blockchain network's congestion, so don't expect CEXs to go anywhere soon.

While there isn't any "safe" centralized exchange, it's up to you to minimize losses by depositing only what you're intended to trade in the platform. The FTX collapse will force CEXs to provide proof of reserves, giving us a sign that regulators will be weighting on the industry very seriously. There isn't any indication people will stop using CEXs, so it's likely they will live alongside DEXs for generations. Just my thoughts Grin
1845  Bitcoin / Bitcoin Discussion / Re: Banks do not want bitcoin to become popular on: January 23, 2023, 03:04:38 PM
Even if you use P2P binance, you still need to use a bank if you want to use fiat. Banking will never go away, it's very important to us. It should be remembered that banking has existed for hundreds of years and still exists today. Without a bank we would be in trouble, but without bitcoin, we would still have a normal life. Many people still live normally and are even rich without bitcoin.

That's certainly true, mate. Banks will never go away simply because they're "too big to fail". Governments need them for the issuance and circulation of money, so such financial institutions will be relevant in the future even with crypto/Blockchain tech in play. What they will do is create digital currencies of their own to avoid being left behind in the dust.

The real reason why Banks hate Bitcoin it's because of its decentralized and censorship-resistant design. Not because it threatens the existence of Fiat. Bitcoin is freedom, while Fiat is slavery. Banks want you to play by their rules by being enslaved to a centralized monetary system that can easily be debased. The more people use Bitcoin, the more furious banks will get. This is will be a never-ending battle between crypto and Fiat. At least, we know Bitcoin won't be going anywhere soon. Who knows if it lives alongside Fiat for generations? Just my thoughts Grin
1846  Bitcoin / Bitcoin Discussion / Re: Genesis Bankrupt, Impact on BTC? on: January 23, 2023, 02:57:55 PM
Damn, they are going to miss the priceless name of the company "genesis". It was so related to the bitcoins and it's beginning. How sad it is to let go with such bad news. I mean obviously they could re-do everything with proper planning and if they somehow get the funds for their business to go on further.

I am not sure how this may help, but doesn't the recent hike would make them regain some money from the market? I mean though it is comparatively small hike in the bitcoin prices; it would have mega impact on the bulk holdings if any? Could be broken logic but sometimes simple tricks can play very well.

Lenders should not go bankrupt, they take more than enough interests!

Another crypto company directly linked to Bitcoin going bankrupt, would certainly cause a negative impact among investors and traders alike. But it'll pass, just like it happened with the Mt. Gox collapse some time ago. I don't think the recent pump in market prices will save Genesis, especially when the losses are greater than short-term gains. FTX couldn't be saved, so what makes you think Genesis will make a comeback?

I see a period of cleansing that's approaching among us. The bad actors will slowly be stripped away from the crypto industry until we're left with the good ones. It's possible that these unfortunate series of events will make crypto bigger and stronger in the future. Bitcoin is the "Father of Crypto" so I'm confident it will rise in price after the tide is over. The real question is: Have you already accumulated BTC yet? Just my opinion Smiley
1847  Alternate cryptocurrencies / Altcoin Discussion / Re: Solana takes back top 10 position on: January 23, 2023, 02:53:08 PM
The key to SOL's future will be getting more and more projects. They are on the right track by attracting projects that could attract investors. They do not need to get investors directly to SOL, that's what the newbie tokens and such do, that's not the way SOL will go up.

However, if they could end up with getting huge projects based on SOL's network, that could be a lot better and it would definitely give them an edge over everyone else. That's what ETH and BNB did and they are at the top, and that is exactly what SOL need to do in order to make a noise. They do it, but not at enough levels and should be doing something higher for sure.

What sense would it make to attract more projects into the Solana network, if the same is literally broken? Developers must first focus on fixing the network's inherent issues, before talking about attracting the masses. They don't seem to care about putting Solana back in order, especially when there's a lot of money to be made. SOL is purely driven by hype, so I'd suggest you stay away from it if you want to prevent losses in the long run.

Whales may be keeping SOL among the top 10 ranks in market cap, but that may not last for long because of the reasons mentioned earlier. Who knows if Solana ultimately becomes history? Just my thoughts Grin
1848  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Should I keep my BNB or Sell it? on: January 23, 2023, 02:47:57 PM
It doesn't matter if it's a centralised exchange, if it's Binance. I'm sure BNB is very profitable to buy now, just like ETH or BTC. Binance is a monopoly that controls the whole cryptocurrency market. Once the bull market starts, BNB will be one of the growth leaders. Especially since BNB is no longer just an exchange token.

That's certainly true, mate. Binance controls the crypto market, so it could easily lead BNB all the way to the moon whenever it wants. The exchange is simply too big to fail. Other competing chains may have better features and a wide number of projects supporting them, but they're missing the most important thing which is exposure. BNB has everything at its disposal, thanks to being tied to the biggest crypto exchange in the world. It may have suffered deeply in price, but I'm confident it will bounce back after the next bull market.

Buying and "hodling" BNB now would be the wisest decision to make. Who knows if you become the next crypto millionaire? Just my opinion Smiley
1849  Economy / Economics / Re: Will central banks ultimately fail in their goal of lowering down inflation? on: January 23, 2023, 02:11:07 PM
Actually the increase of interest rate worked as we expected and most fiat currencies started to recover from the dive took since 2020 for the past few weeks but it affected the end user a lot so they created the circulation of money into the economy without making any changes which benefits the people.

No economic experts accepts bitcoin as an alternative and don't know how long they will take to accept it but already people realized what is best so they are investing more than before in all the assets so we may see a revolutionary change if the trend goes on for long period of time.

The FED's strategy seems to be working but if it decides to back down early, then everything would be nothing but lost. It's best for central banks to keep raising interest rates even if they lead us to a severe recession in the long run. Otherwise, inflation will continue to grow to a point where it can't be put under control. A good thing about Bitcoin is that it's deflationary by design. You cannot debase Bitcoin unlike traditional Fiat currencies.

If the world gradually begins accepting BTC as an alternative to Fiat (like how El Salvador has been doing lately), then banks will start losing traction until they become history. The odds of this happening are very slim, but who knows what changes will come in the future as we head into complete uncertainty? Just my thoughts Grin
1850  Economy / Services / Re: [Crypto.Games] ★ Signature Campaign ★ Hero - Legendary[Full] ★ on: January 22, 2023, 10:30:43 AM
Payment has been processed.

Got it. Thanks! Cheesy
1851  Bitcoin / Bitcoin Discussion / Re: What could have Satoshi faced if he made himself known from the beginning on: January 21, 2023, 01:38:03 AM
If Satoshi was known then there's no doubt that Government would really be trying out their best to get a hold of him and trying to convince or even force him out to stop on what he had created.
It is really that no brainer on what they would do or even kill satoshi to break down the morale of Bitcoin supporters but pretty sure it wont really be that something simple to happen.
It is really good to have on this way on which he decided to remain that anonymous and never tend to come out on the shadows.

Even if they catch Satoshi now, they won't be able to stop Bitcoin because of the way it was designed. The cryptocurrency has a lot of nodes and miners supporting it worldwide, so it would take a lot of time and effort to shut it down for good. Not even Satoshi would be able to do anything about it, as it's all about consensus.

Because Bitcoin is open source, any compromise on the Blockchain could easily trigger a new chain with its own set of rules. It's virtually unstoppable. They only chance governments would've had to stop Bitcoin was back in its very beginnings. Kudos to Satoshi remaining anonymous since day one. I hope he stays that way for the good of Bitcoin and the whole crypto/Blockchain space. Just my thoughts Grin
1852  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Doge can it go 1$ on: January 21, 2023, 01:32:07 AM
The problem with doge is the block rewards, they never go down.  It continually pays out 10k doge every minute on average.  Supply just continues to grow and I'm not sure if they will have the same demand as they had last bull run.  Everyone is bag holding right now.

Exactly. The supply was designed to grow constantly over time. Making Dogecoin deflationary would solve this problem. I've read some rumors about DOGE devs considering switching to PoS in the future. If they do that, then it's likely they'll reduce the coin's total supply and block reward with the hard fork. Only then, Dogecoin will be able to hit $1 and maintain such price for a long time. Right now the hype has faded, so don't count on the "meme" coin going to $1 anytime soon. Who knows how much DOGE will be worth in the future? Just my opinion Smiley
1853  Economy / Economics / Re: How much longer until paper money is no longer in circulation? on: January 21, 2023, 01:27:20 AM
Everybody will adopt the CBDC though. And if everyone will do, so are the lowest people in society because thier employers will eventually send thier wages in digital currency. Businesses will not be able to get customers when most of them can only pay in digital currency. This is how it's going to be adopted everywhere and it may take years probably more than one generation in some countries.

Banks will cooperate in a way to gradually stop the circulation of papers.

Of course banks will cooperate. Especially when CBDCs brings a lot more benefits than paper money. Governments are going to have to force the use of digital currencies just to get rid of paper money for good. No one knows when this will happen, since there's still a lot of people using cash for day-to-day payments. As I've said before, this is a process that could take decades. We already have decentralized cryptocurrencies and even stablecoins (although many are centralized), so why wait until CBDCs are released?

If we use stablecoins now, we will become early adopters of CBDCs in the future. The world is changing at a quick pace, so I wouldn't be surprised if the process of phasing out paper money is accelerated just to keep up with governments' agenda of a "New World Order". Who knows what surprises we'll find in the long run? Just my thoughts Grin
1854  Alternate cryptocurrencies / Altcoin Discussion / Re: How Are You Preparing For 2023? on: January 21, 2023, 01:22:02 AM
It can pump anytime, even scam tokens are being pumped hard if the whales decided it.  Honestly I am in for a riskier investment, I intend to buy some shitcoins that has some potential to be pumped hard.  I decided to put some "moon or nothing" shitcoins to my portfolio, just an acceptable amount that I won't care if I lost in this kind of venture.  I also have BTC (about 40% of my portfolio) and the rest shared the remaining percentage, Matic, ADA, TRX, BNB, and some shitcoins.

Any coin or token that's extremely hyped, could experience large "pumps" within a short period of time. I wouldn't advise to go all in, except if you truly know what you're doing. 2023 is the year of accumulation, especially when the crypto industry is experiencing the aftermath of the FTX collapse and other companies going bankrupt. This is going to be a very long crypto winter, where your investment will be put up to the test. Strong hands will keep buying and "hodling" regardless of market prices, but weak hands will panic sell. It's only a matter of determining which side are you on.

If you believe in crypto/Blockchain tech, then you will keep investing no matter what. But if you think this is over, then you're better off selling your holdings to someone else. Just play your cards right, and you'll have nothing to worry about. Just my opinion Smiley
1855  Other / Archival / Re: Why has bitcoin adoption failed in El Salvador? on: January 21, 2023, 01:17:13 AM
In all means El Salvador is trying to keep its growth and provide stage for bitcoin. Maybe in the future El Salvador flag will have bitcoin. In all possible means El Salvador is doing the best to prioritize bitcoin. Some say the country have failed, but the reality is they're with the fighting spirit. Now tourism have experienced success, slowly one by one other sectors too will progress. The small move by the fashion industry to have bitcoin staged too can cause a turn.

El Salvador has been doing a pretty good job promoting the use of Bitcoin within its borders. Not only that, but it's also helping BTC reach mainstream adoption worldwide with its tactics. I'm pretty sure the country will become the biggest Bitcoin hub in the world within a few years from now. It hasn't failed simply because it hasn't sold any BTC yet. You can't lose if you don't sell. The government just keeps buying and accumulating BTC to increase its chances of profit in the future.

If President Bukele stays in power, it's likely El Salvador will become a very rich country in the long term. With Bitcoin-backed (geothermal mining) government bonds, and now a Miss Universe model from El Salvador promoting Bitcoin, I wonder what will come up next? Just my thoughts Grin
1856  Alternate cryptocurrencies / Altcoin Discussion / Re: Solana takes back top 10 position on: January 20, 2023, 11:02:31 AM
Solana is once again a top ten coin, I am starting to feel like I will regret not buying solana and hold for a long time because if this project survive it will bring the highest ROI in the list of top coins on coinmarketcap, the present value is even looking good, what is your take on Solana? Are you a believer or you think it won't do well for long.

Whales keep pumping SOL for unknown reasons. But if the Solana blockchain itself keeps failing, the pump won't last for long. Just because it's among the top 10 ranks in market cap, doesn't mean it's worth the investment. Market cap is just the calculation of the coin's total circulating supply multiplied by the current market price. What really matters is the project's real use cases to the mainstream world.

So far, it's been driven by hype instead of delivering concrete results to the public. There has been so many network outages in the past, which greatly damages Solana's reputation. With the FTX collapse, SOL will lose traction in the long run (especially when FTX was a major investor of the coin). There are far better alternatives that are much more reliable and decentralized than Solana. Instead of focusing on Solana, why don't you take a look at Cardano or Polygon instead? Just my thoughts Grin
1857  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Polygon network going to be an alternative to BSC network? on: January 20, 2023, 10:57:42 AM
Polygon looks more decentralized than Binance Smart Chain. Polygon cannot compete with Ethereum because it is part of its ecosystem. The more success Polygon has, the more success Ethereum has. Binance Smart Chain is a fully centralized blockchain with 21 centralized validators.

Even though Binance Smart Chain is centralized, it's still a better option than Solana. The latter is not only more centralized than both Polygon and BSC, but also flawed by design. Considering that BNB (the native token of BSC) has the backing of the world's biggest crypto exchange (Binance), you can rest assured it won't be going away anytime soon. It will keep growing until it becomes a "force to reckon with".

But if I had to choose between BSC and Polygon, I'd choose the latter due to its decentralized design. It's just as good as Ethereum with a few improvements for scalability. Fees are cheap, while transactions are blazing-fast. The recent hard fork will make Polygon even better in the long run. Who knows if both MATIC and BNB lasts for generations? Just my opinion Smiley
1858  Bitcoin / Bitcoin Discussion / Re: Banks do not want bitcoin to become popular on: January 20, 2023, 10:52:07 AM
I came across this news on CNBC where standard chartered bank claims that bitcoin will reach 5000$. Being a bank, this can be their wish and not a reality. Banks do not want bitcoin to become popular and therefore they spread this negative information so people panic sell and do not adopt bitcoin.  Sad

Of course banks hate Bitcoin. After all, it's decentralized money they can't control. The few banks you see supporting Bitcoin are only doing it for the profits. Not because they're ditching Fiat altogether. We have to admit that traditional Fiat currencies won't be going anywhere as banks won't let that happen. They're still too powerful even with crypto/Blockchain tech in play. What they will do in the end is adopt Bitcoin's revolutionary technology to create digital currencies of their own. After that, they'll be truly unstoppable. Unless people start trusting BTC more than Fiat (which is very unlikely to happen anytime soon), banks will be with us for a very long time.

At least we know Bitcoin will survive no matter what banks or governments do against it. That's because the BTC blockchain is decentralized and censorship-resistant. I hope it stays that way for the good of humanity. Who knows if BTC lives alongside Fiat for generations? Just my thoughts Grin
1859  Bitcoin / Bitcoin Discussion / Re: Today is Lightning Network's 7th Birthday on: January 20, 2023, 10:47:12 AM
Belated Happy Birthday LN~!

What are your favorite things about the lightning network? Mine are the following:
  • Better Privacy - with the Onion Routing
  • Lower Fees
  • Micropayments and Scalability

The Lightning Network is only 7 years old, yet it feels like it's just start to blossom. Adoption for this Layer-Two scaling solution is really low compared to the main Blockchain network. We need as much merchants into the LN as possible, to help contribute to the cause. The LN totally helps BTC reach the masses worldwide. With it, I think Bitcoin can become a world currency.

We're only three years away until the LN becomes a decade old, so anything could happen. As long as developers keep working on it, the LN would be on a road towards non-stop success. Who knows if this will render altcoins useless in the future? Just my opinion Smiley
1860  Bitcoin / Bitcoin Discussion / Re: Genesis Bankrupt, Impact on BTC? on: January 20, 2023, 10:42:23 AM
Impact on btc? Obviously btc will survive like how it did before in similar circumstances. However the prices may take a big hit. Maybe $15k happens again in the upcoming weeks. It is probably a good idea to wait for a better price if you are thinking about making purchases nowadays.

Genesis, ftx, mtgox, cryptsy these companies come and go but btc outlives them all.

Another crypto-related company going bankrupt would certainly affect BTC's market prices in the short term. We're still feeling the pain of the FTX collapse, anyways. Those who thought the last pump would make BTC reach a new ATH, were totally wrong. BTC cannot go to the moon unless the block reward is cut in half (2024) and central banks stop raising interest rates. Many experts have predicted a severe recession for 2023, so we can only expect prices to keep going all the way down the drain.

People should just stop looking at the price, and invest in Bitcoin for the long haul. Remember, weak hands will sell while strong hands will "hodl" no matter what. If you play your cards right, you could end up being the one laughing in the end once BTC goes all the way to the moon. Let's hope Fiat weakens for BTC to emerge bigger and stronger than ever. Just my thoughts Grin
Pages: « 1 ... 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 [93] 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 ... 641 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!