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I am sure a lot of wealthy people invested in BTC years ago but didn’t publicly announce it, since back then BTC was looked at as currency for illegal underground activities. Now after the narrative changed, people are more comfortable bragging about their crypto ownership.
I am glad, that you are not viewed like an outsider anymore if you own BTC.
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These are some of more promising projects out there right now and i would bet on them all to be around in 5 years. We desperately need ETH blockchain alternatives so fees spread out a little and some of them have great potential to share the load.
I would wish, that there wouldn’t be so much money lost on meme shitcoins this bull run so we could see an organic growth on projects like that which deserve our attention.
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At this point it looks like its just a matter of time when BNB reaches 1k$. Binance had make huge impact in crypto scene in the last two years and their coin Is still most trending on CMC if you don’t count shit meme coins.
The breaking point for binance last year was the introduction of their smart chain which cause a surge in BNB popularity and since more and more projects are being build on their chain, I don’t doubt that we will see a price of 1k$ this year.
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Wow, that’s horrible. Unfortunately most of us forget to check estimated gas fees before we do transactions, I wish every wallet would send you a warning if the fee is unreasonably high, otherwise you can easily miss it. I am afraid there is no way you can get that back and this situation just shows us, how desperately we need proof of stake. |
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Probably most of us use debit cards which we top up with different coins. Mostly im using LTC because of cheap sending costs but sometimes also other currencies. Binance, Crypto.com and others made it much easier for us to spend crypto on everyday things but if you are not short with money, it would be wiser to hold your coins for now since the bull is still not over.
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I deal with it like everybody else, by pouching a hole trough the wall. This is seriously a huge problem nowadays and is making legit projects with potential slip in to the mist and be overlooked.
The thing with crypto is that there is always that next new exiting thing that will attract you with huge gain potential and we are making scammers job way too easier by being too greedy.
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I think this is a difficult question, isn't it too big a risk to invest in projects that are just being developed? On the other hand, if the project has a good roadmap and a promising team, then you can invest and get good profit in the future. By the way, it seems to me that the CheckDot project, which is associated with the verification of other crypto projects, may be quite promising in terms of investments.
What do you think about this issue? Do you invest in young and just starting projects?
Its always a risk to invest in new projects. We all know there are hundreds of ways scammers will use greed against us and frankly, we are making it easier for them. I remember many great, popular young projects with great potential back in 2017, but then bear market took many of them away. I cant image what will happen if we slip to a deep depression again. |
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I really found a passion in bitcoin, crypto and all that comes with it. It brings you endless exploration and learning new things every day. Of course the main motor is profit and how anybody has the chance to make it. I think crypto is one of the best side hustles you can do right now and doest spit out small players like other markets can.
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Each holder will definitely have their own interests, but the true holder will definitely be stronger to plant crypto in a long time. So if we want to cuan, have to save coins for a long time. If you agree or disagree, please give me good feedback. thanks
Unfortunately, there is a flood of altcoins out there so the risk is, that your coin will fade away and be replaced by hyped meme tokes which have spread like cancer lately. For me, this show we are coming close to another market crash. There cant be so much useless money out there in shitcoins that there is now. |
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Looks like Chinese government shoot themselves in the knew with anti mining regulations. It was logical, that miners will move to other countries and pay for electricity and rent there, while bitcoin will continue to grow. Looks like Russia will be the winner of this year crypto regulations.
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Ethereum looks very Bullish now and likely to hit 4K in few days if Bitcoin remains Bullish. Once Ethereum's major upgrade occurs sometime in late 2021 or early 2022, one simulation estimates that the circulating supply of Ethereum could shrink by around 1.4% each year at current rates of fee burning. Is this the right time to collect eth and wait till upgrade happen?.
Usually ETH follows BTC soon after big pumps, so its most probable that this cycle will be the same. If you are really active in crypto trading, that this might be a great time to buy some ETH, but if you are long term holder, ETH should stay in your portfolio for next few years anyways. |
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We all learned by now, that every bull run brings with it crypto regulations and bans from many countries. So we can be quite confident, that current antycrypto rally wont stop BTC .rom going up also. It will slow down the rise for sure, but by now its way too much spread out to be stopped.
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That is not that surprising since Russian government announced their own cryptorubble coin way back in 2017, with Putin backing it up. Also they probably want to counter USA aggressive policy towards bitcoin. I guess they see crypto as a potential leverage in the future against USA.
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I have speculated that NFT will be the next part of the cryptospace where much of the money laundering and tax evasion might occur. Why is this? This is because NFT is art and much of the art world is unregulated.
However, the lawmakers are beginning to crackdown on the art market. I reckon for the first time in the cryptospace, the government might be there ready, waiting in advance and backed with regulations hehehe.
Now that you mention it, it does sound like a perfect way to launder money, at least until this become wide spread thing to do. NTF market is baffling to me and i have problems understanding, how much money are people willing to spend on random art. If you are a decent artist, this is your perfect chance to get some money from it. |
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Unfortunately it still seem like the fastest profit comes from meme coins which is worrying. I dont like when there is a hype around unless shit coins, this always leads to bad things for crypto market.
Its even hard to get lucky with a real project lately since there are so many of them and good ones can get lost in all the white noise.
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This is how thing should be going in the perfect world, but you need as little as one person to crash this type of alliances. There will always be that someone, who is too greedy and anxious and will dump as soon as he get the slightest chance.
Also, exchanges will never let people only hold their assets in cold wallets, they need money from transactions, thats why there are always some promotions going on, which to be honest, only help wealthy people.
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How is Polygons potential in the future, can it rival with BSC?
Its all in promotion and popularity. BSC has a huge exchange and a whole ecosystem behind, that is why it gained traction. Polygon is for now just another potential blockchain, who will need to attract some real project on it if they want to get more users. The good think is, they have a lot of followers already, they just need to use that smart in their advantage. |
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