What do you think will happen to crypto if institutional investors all decide to stay away from crypto investment this time around? Do you think crypto can surge of it's own especially Bitcoin without the help of institutional investors money, do not yab me for this question, I am not sure what will happen I only need people's different opinions.
There is a market demand for everything and the price is determined by the demand from people, not just for bitcoin and cryptocurrencies. Consequently, if people stop buying something one day, the price of that asset can fall to a lower level so that there will still be demand from people. However, if there is still no demand from buyers, then the price will still fall to the lower level, and so the story continues. There is no limit to what can be said about bitcoin, there is also the same thing with all assets and products around the world. Institutions are a big chunk of investors and that would simply kill the potential for a massive adoption of this technology. But I doubt such thing will result to collapse in this industry. Individual investors are still here which serves as its community. If we would base from the past, institutions are in the first place not accepting cryptocurrency as a mode of payment but here we are, still growing in different aspects; people, countries, platforms. Also, it is solely dependent to institutions whether they would come in line with this technology and we cannot blame them if they chose not to. Institutions are into business also, so if they'd see something from this industry, they will be needing to adopt someday as long as they'd get something from doing so. Thus, we just all have to be patient for that. |
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What's the need to be physically connected then? We are primarily here in this industry to make profit. Indeed being friendly could help you out for things you do not know but we are just all born different. Some would be friendly and some won't be and either way is just fine as long as you are not spreading toxicity in this community. I know people who are also in this industry but outside this platform, we have our own different circles, activities to kill time or simply preferences. Sharing knowledge won't require people to be connected in a more in depth manner; stick with the objective still. Not unless you guys are just getting along big time.
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It's not about spreading... like the boy who sold the newspapers, it's not an obligation, in any case in times when it's very difficult not to be informed, it's about people finally accepting the change of thinking what is needed.
More of allow those interested to engage as well as those who don't want to. Pushing adoption would also mean putting more people into risk. This industry has advantages and one is simply being profitable right? But that's not as easy as it sound. The price is volatile for cryptocurrencies which makes it difficult;price moves a lot without certainty of when will be the trend be bullish. Same reason why I don't want to persuade my circle of investing into this technology because I myself is stressing whenever the market is in red marks. Considering whether they could endure more or not, is simply the idea of adoption across countries. |
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If we're talking about the people running the country, the government, they are evil because they are pocketing the nation's money. That's obvious because there is a lot of luxurious stuff that a government official with a salary cannot afford, and many people have bribed the government to let things "slide"; hence the money came from to buy stuff.
The evil part is where people are addicted to money, or the love of money, in this case, causing the "evil actions." It's important to know that money isn't an evil thing; it's people who do the evil deeds.
The extent of how people are fascinated with the POWER of money, is what creates evil, in my opinion. Everyone is a good person but there are just factors which makes them not and that includes money; greed, selfishness, frustration, grudge and the likes. Mentioned emotions creates actions of how an individual will satisfy a certain emotion. Needy individuals would make way to fill their tummy, in any way possible. Rich ones would continue desiring to be more reach because they are aware of what they can do with more money. But if it is a general question whether money is the root of ll evil, it is people I guess. We are all different. |
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Well, anyone is free to invest on this industry as long as that individual is aware of the risks present from doing so. The market prices or this industry in general is volatile. If you are investing money which is somehow your emergency fund ,then expect it won't work 'coz it is more likely to result into huge loss. Imagine that you need to pull out some of your investment because you need to use the money into something important and it happened that the market is down, what would you do? Selling would men cut loss in this kind of situation. Since OP is a student, same thing is applicable. But still, you made such great decision.
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Problem is that many people generalized the incident even if there are many other exchangers which are trustworthy. Not because such case occured, same thing will happen with other options. Remember how many times cases of such occured; just a few right? Simply because their negligence will never represent this industry. Many exchangers are still there which has a better support, and reputation than with FTX. You just need to find the right one. Honestly, I don't have a grudge against centralized exchanges either and I've never had a problem with them in my years of use. I disagree with some of the comments that just because of the demise of FTX we say they should all be scrapped or ostracized. FTX's demise is like a shitcoin project disappearing, and just because a project dies doesn't mean the crypto industry is a scam. Centralized exchange is where we exchange coins with each other, P2P...not where you hold your assets for long. If you lose money because of that then it's your fault, don't try to blame them.
That's just how panicking works I guess. The industry have been dragged by the incident which is a consequent effect of it. There's more in this industr; an investor could engage with reputable decentralized exchange or simply move to other centralized. This would simply be unending if people of such won't stop relating it to every scenario we would see from this industry. |
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Unlike before that Bitcoin has been labeled as a scam or sometimes it's been called a scheme for those people who has bad intentions, in todays generation Bitcoin has been widely recognized by so many people and they already accepted the existence of crypto which is already a part of our economy although not all of them truly legalized it.
One of the major reasons why people knew about Bitcoin is through social media platforms and the rise of the tech industry in which people nowadays can easily access or afford mobile phones.
Up until now, bad impression towards this industry do still exist and we just cannot change how those people percieve this industry. It would also much better for those who are really not into cryptocurrency to stay away from this technology since risk is actually present because of the market price volatility. If they would choose to still continue towarda Bitcoin perhaps by means of investment, they'd more likely be drowned by losses which are temporary especially during bearish market. Regarding negative image, I guess that would be a balancer for this industry. Atleast people won't be too positive towards crypto. Risk cannot be avoided so atleast they would be aware in the first place. |
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In any investment, it will always have risk involved. In this industry wherein high voltility of the market price would be observed, things are the same. The only difference is the idea of temporary and permanent loss. The market price could fall in an instant and same thing goes with market price increase. You'd be on a permnent loss if you'd choose a price point to sell. Holding on the other hand would yield to a temporary loss if you'd endure market downfall and avoid selling. The demand is high but is not consistently growing or even be stagnant at some point. Being patient would be the bottomline.
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As long as there are people falling for schemes, scammers would exist. The best way for them to do such things is to take advantage of what is popular and those are hyped projects. Indeed this industry revolves around demand but be sure you are following the right path. From experience, these projects have been created by same teams who keep continuing same cycle until reaching threshold. The useless ideas and worthless tokens are there for reason, even if someone from 100 viewers fall in trap it is profit for these scammers. Imagine how much "investment" they get each month on tokens that have no market value or it will never be listed on C grade crypto exchange.
Indeed thre are instances wherein scammers just changes name to victimize people. As long as people are still not learning from scam instances, they'd just continue doing it because they are making profit out of it, as simple as that. This is also a not so gentle reminder to be mindful of what you are engaging to simply because it is money we are talking about. We all need to be extra cautious. |
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I'd call it the next 'big one' for this industry if incase. There's still more than a year before the anticipated fork but people are already focused with what is expected by many of us, based from the past of this industry. Well, not to close doors for the tendencies this year but the increase we are seeing right now is somehow not strong enough to be continuous 'til next year which makes it worrisome to many investors. But it would always be advisable to enter the market as long as you can endure market downfalls given that consistency is lacking in this industry. You are lso free to wait for clear signs to occur whether this year or on the next hard fork. Just be sure to gauge the odds and your capability as an investor.
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Support I guess. The extent of how a project address problems is what would make it trustworthy. Loopholes and flaws of a project is clearly normal. There will always be a room for improvement IF the project itself would initiate to do so. But if a project would choose image over existing issues, that would be the time, for me, to doubt their progress on a long run. Many projects could offer huge rewards and other promises but if it would not compensate overall progress of the platform or project in the making, then that would be a bad thing which could push away the interest of meticulous investors in this industry.
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Chances are high that the market will collapse if that so. Indeed there are other cryptoinvestments to choose from but problem is the bottomline. But if would look at it at the present, then market prices would show how dependent they are with Bitcoin's market price; an increase would be helpful for times convenient to people. Even if there are options, problems may still arise. Dependency would somehow kill other cryptoinvestment options, leaving investors no other way but to exit from this industry. But as long as popularity exist, demand will still be present which would make this scenery impossible. Let us just hope that this technology's potential won't drop in a sudden.
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You have had an interesting experience, I am glad for you that you found a way out of the situation and you managed to make a payment in bitcoin.In my city, it has recently become possible to pay for an online order at a pharmacy using cryptocurrencies, which is also very convenient.Although there are no problems at the moment with both cash and non-cash payment methods.
There are countries wherein cryptocurrencies are not prohibited but are not also promoted to be used especially on a daily basis. It would depend solely with the merchant or business owner whether to accept such kind or mode of payment or not. In my country, I saw small businesses who started accepting this technology as one of the payment options. Unfortunately, they have shut their business eventually. My assumptions are lack of sustainability with the business itself and profit. On sales industry, a company or business will need to revolve the fund in order to generate profit. So how come such thing would happen if owner hesitates to convert or sell crypto holdings considering market price behavior. So maybe to those who are planning, gauge the risks. |
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Nothing's new, glad that some platforms are just neutral than to just be against it. Well actually, this industry has a bad image already for years or eversince I guess because of its volatile market value. To some this is a scam, fraud and other words which resembles that people should not engage in this technology. But no one is forced to do so; this technology are only for those who are interested and those who has knowldge of it. Engaging without knowing a thing will just contribute to cases wherein their expectations are not met. What I mean by common expectation is that, this indistry is believed to generate profit easily which is never true. Well, I hope things would be better in the future for this indistry. FUDs will always be a part of the 'game'.
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Well, good for you that you actually engaged and invested on this industry. Have seen many topics wherein users are just planning to do so and are looking for advices but only a few have actually bought an amount. But since you've done so, please be mindful of how profit will be earned and how this industry really works. Do not be one of the investors who are assuming that profit will be earned easily from this industry. Right now, we are currently seeing additional increase with market peices of huge tokens in this industry which is a good thing but expect for declines 'coz there are no supporting reason for a continuous market price increase at this moment. Be patient.
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Too early to know, impossible to determine in the first place. Indeed we saw an increase when this year started which is a good thing, especially after seeing how long the market prices have shown no signs of recovery last year. But I doubt it is enough for a bullish run. What's expected is for bullish trend to occur in 2024 because of the anticipated Bitcoin halving and assumptions are based from the past. But since this year started with green marks, I think there are chances for atleast half of ATH prices to be reached if things would be somehow consistent. Let us just hope that there'll be no correction to happen as this year goes by, in order for this industry to not struggle that much before this year end.
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As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
Depends, always. Not because an NFT is cheap would mean that there would be a high tendency that its price would go up, sometimes things are below for a reason so better use other basis such as utility of nft or size of community which are better determinants of a good investment. This is the problem when you are on a budget; it is almost having nothing to afford losing. On my end when I engaged with NFTs, I was following trends alone which are more often resulting to profit but not every project I've invested to made me rich. But one thing is for sure; choosing those whoch has high demand will also give high discount. |
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A weekly paid job would be more sustainable and would be more reliable with stability of one's daily living. Monthly is what's common but often yields to the employee not being able to save because throughout the month, money is being consumed not unlike with weekly wherein an individual could save on every cut off for future purposes. In terms of fixed or percentage payment, I'd also stick with fixed one. But if is regarding bigger salary? Ofcourse percentage basis would make sky, the limit. Problem is to exert extra effort to generate bigger salary because it would be somehow an output based. If you won't have something to present then don't expect for a high return.
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Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
I get your point; tendencies of occuring the other way around. But we cannot do anything about it if that's the case. The market price is volatile so for sure there'll be other periods to anticipate other than Bitcoin halving. But to somehow lessen your worries, majority of people are expecting for a huge thing in the next fork and that is already something to consider, such that the market price of not only Bitcoin but also with others. The market price of cryptos are dependent with the demand solely. So if there is already a hype then the demand should be expected to be high, likewise with market prices. But if you're that worried, then wait for the right time to enter; once there is a clear sign of bullish run. |
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Cloudbet is doing kyc and its joke, they ask you to make selfie outside with street sign saying your address, in same time holding today's date newspape + write "Cloudbet *and today date*" and in same time holding ID card
I think next thing they ask is nudes from my wife
about Playbetr no idea how they are A rated bookmaker.. probably they pay someone on this thread good money, there are numerous complaints against them everywhere and on every platform their review numbers are so low.
duelbits and nitrobetting are the best so far from my own personal experience
Yeah!, yeah! I'm talking about this here on our forum all the time. The fact that these KYCs that come up with different sites, including gambling sites, sometimes cross all the boundaries of reason. It's actually very humiliating to take some kind of idiotic selfies in front of your house, and even with some kind of today's newspapers in your hands, or even with documents right in front of your face. In general, all this is insanity! Idiots who came up with KYC in general, and even more so idiots who come to such crazy checks. Damn American bankers with their KYC. Now they are climbing with this procedure with their raking dirty hands to where they are not needed by anyone. They climb into the sacred - into the very essence of the whole blockchain technology, where anonymity has actually always been a top priority.  Asking for KYC through those ways are kinda weird. They can actually ask for KYC with formality where the users will just send photos of their identification cards and proof of address for further verification accompanied with their photos but asking to take photos in front of your house is too much. That will be a red flag for me. If I would ask for that kind of requirement, I will just switch to other decent casinos. It seems like they're playing and tripping on their users. Will definitely be something to worry of. Personally I have no problems with Kyc, I do get its vision which is to limit stealing other's money(no kyc means anyone could withdraw from your account), and also, limit this industry to youngsters(they'd be freely to engage with gambling if they won't undergo KYC procedure). But I also understand those who don't; crypto ondustry is decentralized in the first place and using such procedure would somehow bypass that concept. If you guys are worried, then only engage with registered gambling sites or sites which has a good reputation in this industry. There are just ways to minimize your anxiety of sending personal informations, just gauge the risks. |
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