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To be frank about it, Bitcoin's irreversibility can be not working for anyone who is not so careful when transacting with the platform he is used to. One must triple check the address to avoid any mistake because we know the bad consequences of taking chances...no return no exchange so one must make sure before hitting the button SEND. This is something that one must be educated with when dealing with Bitcoin or most cryptos for that matter...of course it would be a little different if you are transacting with people you know because you can just contact them in case of a mistake, otherwise this is not a child toy one can just play with.
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I don't think bitcoin will ever become big in day-to-day small payments, for the simple fact that it is very valuable and will become increasingly so. For that you'd better pay for the other rubbish options you'll have to pay with, basically fiat in its different variants, such as cash, cards and CBDCs or shitcoins, when payment is implemented. Not for nothing does the article conflate 'crypto' with bitcoin.
There remains many challenges associated with accepting Bitcoin as a form of payment and I am sure many merchants are aware of these. While many merchants are realizing that they must get onboard with cryptocurrency, this is not something that you can just decide in a day...one must have a clear and functioning platform either you established it on your own or you get involved with a third-party provider. I am hoping that soon merchants can be provided with a win-win options in case they want to integrate BTC into their business. |
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Oh I think that an ETF is coming but perhaps not as soon as we all hope and speculate. The current pump is 100% speculation hype, I would say. But that does not mean that that is a bad thing. It just means that people are investing in Bitcoin ahead of the ETF, although nobody really knows when an ETF is coming but they are excited because it is definitely coming now, after there are no more obstacles which would stop it. But who knows? We have been in for disappointments in the past as often as we have been in for nice surprises. Either way, time to hodl  Yes, it would be a big disappoint for all in the crypto industry if in case the Blackrock ETF application would still be rejected by SEC with Gary Gensler on board. Though honesty am not a big fan of ETF but it is estimated that this can push the price of Bitcoin to heavens...and can possibly make Bitcoin be an everyday household name. Let's hope that eventually SEC will do its part and make it a big reality so we can finally see how it would affect BTC price. The market is excited for this which put BTC on a bullish mode. |
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What if I launch a cosmetic brand completely associated with crypto in some way. Like , the purchase of cosmetic products of my company being available only with certain alt coin.
You can do anything you want. The problem is making the business be stable and get loyal base of customers who are paying only by a certain coin. That is not a good move. The best thing to do is to accept cryptocurrencies including Bitcoin but to not make it exclusive as there are still many people who are not into cryptos and there are those who are not so willing to buy things online using their portfolio because they are viewing and deciding they are investments and must not disturbed. |
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I have been asked of this same question before right in this forum and other crypto-related discussions as well. I am sure many of here can be feeling of nostalgia as we remember the many details leading us to get involved with Bitcoin in particular and cryptocurrency in general. I got into Bitcoin back in 2013 when I bought my first 2 BTC at just $500 each...at that time it was already considered very expensive. I eventually lost of my BTC due to revenue-sharing Ponzi schemes which became also popular at that time. In my country, Bitcoin is getting some ground as there are now a good number of people who are into cryptocurrency as we are always one of the first to adopt anything online.
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There are at least two events related to Bitcoin that made me cringe always and of course I want to forget and if possible I could revisit the time and make a different decision. One, I sold my Bitcoin at the time when it was just valued at $3K and it was because my brother need more capital for his fledging business - seems to me then I have no choice but to let it go. Two, I got so bored with the movement of Bitcoin that I decided to sold them all and replace with Bitcoin Vault or BTCV which of course was just another pump and dump coin. All in all, these two resulted into me losing money especially with the rate of Bitcoin we have now. Can we please invest a time machine so I can go back and rectify these big mistakes?
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Researchers at Fidelity Investments, one of the world’s largest asset managers, are doubling down on bitcoin, describing it as a “superior form of money” that gives it a value not replicated by other tokens.
In a white paper released last week, Chris Kuiper and Jack Neureuter wrote that bitcoin’s status as a “monetary good” and store of value puts it in a different investment category than other tokens, which they said exhibit venture-capital-like properties.
...
For investors interested in digital assets, it’s best to think of those newer networks more like speculative venture-capital investments, the Fidelity researchers said, while bitcoin can be thought of as a monetary instrument.
https://www.barrons.com/articles/fidelity-bitcoin-401k-accounts-5e359383It has taken them a while, but at least they seem to have understood the value bitcoin brings people. Yes, of course, at the time they know there is nothing they can do to stop Bitcoin from growing and getting into the mainstream. So they decided might as well join the fun and make some money along the way. Hence, many big and famous firms are now heaping praises on Bitcoin away from the time when many of them dismiss it as just another scam, fraud, worthless and even a Ponzi scheme. just how time has changed them...well I am just wondering whether these people can really be working good for Bitcoin in many years from now. |
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If you mean this token BNB Tiger, what makes you think it grew by a "whopping 50 million percent"? The token appeared quite recently and its ATH is only a little less than 100%. Or it's just another PR for no one's unnecessary shitcoin. Plus, it says that "According to GoPlus, the contract creator can make changes to the token contract such as disabling sells, changing fees, minting, transferring tokens etc. Exercise caution." Which proves that this shitcoin was created just to make money from naive people who think they were provided with gem  Wow...thanks for exposing just another very, very risky proposition. I am sure OP is just here to promote the said token so they can be able to gain more buying supporters. I am more concerned with newbies who are enticed into this risky industry all thinking they can one day be a millionaire only to find out they are duped. Of course, sometimes we can only blamed them for not researching enough and not doing due diligence. We do live in a world of Artificial Intelligence but also artificial or rather fake offers. |
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Despite their below-level usefulness, meme coins remains to be attractive a good level of interest from big and small investors or the buyers of the token. Now, there are so many of this similar projects right now in the market -and am sure many more can be coming in 2024 to take advantage of the possible bull run - all vying for the money of the people using different strategies to get attention even including posting in this forum. I am not against meme coins but I am just wondering how many of these platforms are really performing well and how many are now six feet below the ground. I am saying that the risks in crypto is quite high and with meme coins that risks can soar beyond the roof. Good luck to all who are convinced to open their purse.
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I think the title should be changed considering it's not really an airdrop rather just a raffle draw for those who will trade on their exchange. I don't know what's catching there but it really looks like they're just alluring users to trade on them rather than with a possible airdrop.
And I fully agree. A raffle should not be construed as an airdrop. Anyway, even it is just a raffle, we should welcome it with open arms. Sadly, those who are not in USA are not eligible for the said promotion. Maybe one should tell Uphold to also include those in countries they are doing business outside of the continental USA. I am a good believer in the future of XRP and that they will eventually win the case they are fighting in court. |
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Well, just one of the many clear and proven risks when decides to go into gambling form of coins whose future is designed to go pump and dump. Though I am sure that we have many gamblers even in this forum who are taking some "calculated" risks with the hope they can strike the gold they are looking for. As to people like me who is prudent and got no money to wager then we should not entertain the idea of buying just another worthless coin or token. My hats off to gamblers though for being great risk takers.
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I am sure OP is here making this post for the sake of intellectual discussion perhaps but at some time we can just be muddling things most especially for newbies. I am just a regular guy, when I see something that I can use to buy and I can also convert into my local currency then it can be some sort of money...at least in my mind. I do believe that Bitcoin can function as money since I can use it to buy some things in some places where it is accepted. Now, for people who are hoarding as many BTC as they can in preparation for the next bull run in 2024, BTC can be an investment or an speculative asset. One can have varying definitions and impressions of Bitcoin and that is so fine with me.
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I am sure it is now already an established fact that Hal Finney was not Satosi Nakamoto. In the first place, Hal Finney never claimed to be the guy that we are looking for and based on the fact presented above he was not then insane to steal the credit from whom it is due though he can then easily do it as he was closely associated with Satoshi. Funny that all of the faketoshi we have so far could not show solid proofs of what they are claiming...most especially Craig Wright who I think is always Wrong.
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We must not forget that Bitcoin came into existence at the time when USA experienced one of its sharpest economic malady in 2008 which led to the collapse of many big and established financial institutions and the subsequent rescue by the government by printing more money for the said purpose. Bitcoin is supposed to be the opposite of what traditional finance can offer...empowering people along the way as powerful intermediaries are eliminated in the picture and not even the government can even censor it. Money and banking, we must always remember, formed a very pivotal bedrock in the society and without it I don't think developments can come in and be experienced by the people. With Bitcoin, we are provided more decision making prowess than before and we are not anymore at the mercy of different business interest.
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There is no question about it...the ongoing bullish trend is largely due to the supposed offing approval of an ETF application by Blockrock in SEC. After the deadline to question or appeal the court decision favoring Blackrock, there is no other recourse for SEC but to deal with the pending application. The problem is that SEC is under a man who is unpredictable and is a known antagonist of the whole crypto industry...and we don't know if Gary has some hidden weapons under his sleeves that he can use to eventually delay again or even reject the ETF application. There is another reason for the BTC bullishness and that is the coming halving in 2024 but this is being eclipsed by ETF right now...so in case there will be rejection then we can see BTC to be dumped on the road big time - a big opportunity for us to add more BTC to our portfolio to look at it half-full rather than half-empty.
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The man really got ambitious goals and I admire him for that. Elon Musk would not be the man he is today if he did not imagine things which were them impossible. Now, whether he will really make X not just a social media platform but also a big financial institution, this remains to be seen but we know that there is really a market for things he is planning to happen with it. I remember the day that he took over Twitter so many pundits were then saying it would be the end of it all but look at X right now...slowly but surely things are starting to come rosy with advertisers returning to doing business with the site. Admittedly, I don't like the renaming decision to X but then again I am just a user there and the power belongs to the man. Now, the question is: Will X replace your bank? Maybe yes maybe no but this is a big concern so X will start to be introducing one financial service at a time as this is not going to be a one-time deal. The man is a big marketing man so we can expect some big terms and presumptions to be spewing from his pronouncements, that is kind of expected. One thing for sure, Elon Musk is here to stay on Earth notwithstanding his plan to colonize Mars.
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Kraken has a good name when it comes to CEX but then again any platform will always have problems and nothing is shielded from negative reviews as they interact with voluminous customers all over the world...even Binance may have some negative reviews somewhere. You should note that it would be so easy to manipulate Trustpilot as it is not requiring some kind of KYC or verification is what is written can be true or not. One can easily destroy a reputation in there for free. Now, am not saying that we should not be listening to bad reviews but what I mean is we should also be doing some critical analysis and balance things out because in the end the best and credible experience and testimony is the one coming from you.
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