It is a very big concern that company is like blackrock is showing interest in ETH. I am not really bulish on such corporate acquisitions of cryptocurrencies. Look at Bitcoin. Did it increase to a whole new level after the Bitcoin ETF was approved? I am sure, ETH will see the same thing. Crypto market should stay with the common people like you and I. Corporate acquisition is not good in a decentralized environmental like cryptocurrencies. With their deep pocket, the corporate holds the power to manipulate the market as per their wish. |
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I have been in a dilemma for some time now. Do I invest Bitcoin or I will start binary trade. I could not understand anything. Sometimes I feel like doing binary trade. I think that if I don't lose it, it goes around in my mind. But I did a lot of messing with Bitcoin. And read many websites and articles. After seeing everything and I have been around in the crypto world for a long time. I have experience on Bitcoin because Bitcoin 2022 was priced a lot. But now 2023 he is going to Bitcoin and at the beginning of this 24th and I am growing. For that I ask you for feedback if you give your valuable ideas then what is better for me because I have been in conflict with Aibitcoin and Binary Trade for a long time. But in many places I see that I have people and some they are making a lot of money.
Trading is stressful. There is a high chance that you will lose money. And when I say trading, it means all kind of trading which includes cryptocurrency, stocks or binary. So if you are okay to deal with such kind of stress go ahead with binary trading. But if you do not want such stress in your life, go for holding. This is true for stock market as well. Trading can generate a good amount of income for you but the risk is also very high. And in finance the reward is higher when the risk is high. If you do not want to deal with such kind of risk, simply hold for longer term. That should do the magic. |
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Hello everyone a very good day you all.
So, let’s talk about this interesting duo: cryptocurrency and traditional banking. Some say traditional banks are threatened by crypto’s rise, while others think they’re starting to see the potential and hopping on the bandwagon. Either way, it’s a fascinating dynamic to watch unfold. What do you think? Are they destined for a happily ever after or is this just a temporary fling?
Let me know your thoughts on this.
Crypto was not created to challenge the traditional banking system. So if someone things that the banking system will become useless due to cryptocurrency, they need to rethink. With cryptocurrency people can enjoy surveillance free monetary system which is not possible with the banks. That is the only difference. The way this market has been progressing I can safely say that banking and cryptocurrency will go hand in hand in next couple of years. Financial corporate have started understanding the power of cryptocurrency and have started embracing it. Slowly but surely that traditional banking system will go that way. |
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Given a choice I would not invest in tokens at all. Tokens are like parasites who uses an existing ecosystem. So I would rather invest in that ecosystem instead of investing in a Token.
However if I have to invest in tokens, I would choose an old token which is around for a longer time. Investing in newly created and untested tokens are pretty similar to gambling. Unless you want to gamble your money you should choose old tokens which is still standing against all odds.
Hope that makes sense!
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Tell me who own the current banking system?
Is that the Zionist or Rothchild or whatever entities?
I can single hand defeat the current banking system, I do have a great strategy and solution !
Just want all of you give me more information of the current financial and banking system.
Best Regard,
Winning Joy
Well I love your confidence. The banking system itself are controlled by countries and not by any entity. The big entities like blackrock or Rothschild owns assets. But they do not control the banking system. These entities definitely do have a great influence on the banking system but they do not control it. Also defeating the banking system is not the agenda of cryptocurrencies. Cryptrocurrencies are good as a parallel economy. Bitcoin is not here to defeat anything. |
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Why not? I don't see anything wrong if someone is willing to pay in Bitcoin and the other party is willing to accept it. That's perfectly alright!
But unless it is a cross-country transaction, Bitcoin transactions will cost you more than banking system. So it all depends whether the person is willing to pay a huge fee for a simple domestic transaction or not.
Also, the risk of loosing future gain is real. We all are holding Bitcoins because we are optimistic about its future value. So if someone is willing to accept that fact and still wants to go ahead. That's fine as well.
It's impossible to see a perfect solution here. It all depends on the individuals who are paying and who are accepting it.
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This fellow still thinks he holds an opinion on crypto market?? That's strange! He is spreading FUD. Every business needs to change with time. Otherwise it won't be long to get erased from the horizon. Look at today's Kodak who was once the biggest player in imaging market. I am sure JPM will eventually go down that route. His pressure is increasing as now BlackRock has come into crypto market and he is still spreading FUD! What a nonsense! |
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My bold call 80% real estate crash.
The assets wich are not traded on exchangers like cars and real estate Are by default like NFT the price goes up only If someone will buy with higher price.
The art and Luxury goods and watches also about to fall.
Btc,gold,oil,Silver,and all the other assets listed on exchangers and have a lot funds to lock the lowest prices Are much Safer.
Now it's time to learn hard way If you don't understood markets you better not even spend money to buy home without learning first how the finances and market works.
Silver i would'nt buy because germany producing silver a lot and there is more suplly of Silver than demand.
the whales using the "falling locks" specially for btc so that's btc is far more safe Investment now than real estate. Becouse assets wich traded on exchangers have only limited downsides priced in monthly lows and highs.
And how exactly the air will be out of the economy?? And who will do it? If real estates crashes, all banks will be crashed to dust as well. Art, car and luxury goods have a very different customer base who can be left aside because they are wealthy class people and usually do not goes bankrupt during a recession. But what's the issue with precious metals like gold? I agree that Bitcoin looks like a good investment for the troubled times. But too much dependacy on Bitcoin is not wise. I am worried that Bitcoin has now become an exchange traded fund. It shouldn't have! |
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I see a lot of threads here saying that now that Bitcoin ETFs are approved, it will boost the Bitcoin prices. However, that has not happened in last few days. I researched more about it and came to know about this new point of view regarding this Bitcoin ETF. According to this point of view, Bitcoin ETF has made Bitcoin mainstream. It has become something like regulated and as a result the premium effect is gone. Because of this, there will not be that much volatility in prices now and thus the returns it gave in past are now not possible. Do you agree with this point to view? Here is a link discussing the same thing https://www.moneycontrol.com/news/business/wire-news/crypto-is-going-mainstream-which-means-its-over-12135721.html/ampHaving a bitcoin ETF, does not make Bitcoin mainstream. The concern is far more deep. Now the big pocket corporates hold a suitable amount of Bitcoins which can control the market. Being mainstream is not a problem but being in a position to control the market is the problem. Blackrock is definitely evening to be in a position where they can hold a good amount of stake in the market. That's what worries me. Bitcoins can still be used outside the regulations. But the controlling power belongs to someone else. The manipulations are not yet evident for sure, but things will uncover with time. |
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Do you wonder why the biggest crypto thieves still get caught, with all that money? Imagine having just $200,000. What all that money could do for you? As a thief, you could even disapper, but you can't. You know why? There are few hiding places on earth for fugitives these days. And when you've got lots of money, those few hiding places practically make your money useless. Even Crypto Queen may not have disappeared as we presumed. How about CAR? Easter Island? Somalia? Siberia? In any case, never believe that you could steal from people and get away to enjoy the loot happily ever after. This is what these duo never reckoned with. And I think there are many like them who wouldn't mind doing anything just for money. https://coinmarketcap.com/community/articles/65b41174f00d2a6f4b9880b8/That's called Karma! The Karmic cycle is real and many of us have experienced it. If you have done something wrong, that thing will come back you as a lesson. That why we say - what goes around comes around. That's life for all of us. Today's technological landscape is so vast and complex, it has become very very problematic for fugitives to hide for indefinite time. And that's how it should be. No matter how pseudo anonymous the cryptos are, the criminals need to face justice, either by law or by life! |
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For any real world financial collapse, Bitcoin price is bound to increase. Financial collapse doesn't always mean bad thing for Bitcoin. It is worst for the banks and for the salary class people. But a financial collapse good mean a Gold rush for Bitcoin because people will try to move away of the Fiat system. We will try to protect their money by investing in precious metals like gold and silver or we will directly invest in cryptos. So a decrease in Bitcoins price, is highly unlikely to happen during a financial collapse of the Fiat currency system.
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Look, you can be old and rich or young an poor, but being old and poor is bad shit.
A surefire way of doing the wrong kind of things is to spend your money early or try to live a good life quickly without thinking about the future. Or if you have an ok job or income to think that is enough, even if you cannot save.
All young people, understand that time an money are linked. It is not the same to invest early than late, it is not the same to invest more early that try to invest more later. 100 is worth 100 today, but 800 in 20 years if you play it safe but well. Make no mistake, you will need to start creating your wealth.
Cannot agree more! I have personally seen it's impact to some certain extent. Now I regret sometime why I didn't save more while I was young and I had a good amount of income every month. Just to give you a background, in 2007, I had opened my first stock purchase account and I hack purchased 15 shares of a coal mining company. I had purchased more but those 15 shares I never sold. Now fast forward to 2024, that 15 shares have now became 350 through stock split and bonus issues. I did not count how much return it is giving me, but it is in tune of few thousand percentage. I wish I did buy more. Unfortunately in my country, schools do not teach about financials at early age. So it becomes the responsibility of the family to teach you the importance of saving early. I wish I had invested more when I was in my early 20 s. |
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Scamming is a huge business in India. There are special places and infrastructure providers available for them. This URL ban has actually given confidence to the scammers to create a lookalike website of the banned exchange and loot the information of the common crypto users of India. I have started seeing email in my spam inbox that are promising people to open an anonymous KYC free account in a Singapore based exchange where you can continue with your trading activities without any hiccups. I am even seeing Facebook ads where scammers are claiming to give you a miner which can mine 0.1 bitcoin every single day without joining a mining pool.
The best way to fight scammers is to become knowledgeable and by identifying the red flags.
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I am not worried about Bitcoin ETF itself, rather more concerned about the company that runs the ETF. Let's keep all these debates around decentralized ecosystem and geo-political situations a side. But unfortunately the world's largest asset holder has got the approval to run Bitcoin ETF. They have so much financial power, they can indeed really manipulate the market.
Just ask a simple question - why the Bitcoin price didn't increase after ETF approval? Who's behind this? BlackRock controls a lot of things. Bitcoin should not be controlled by them.
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Hey everyone,
Ever wondered how Bitcoin is throwing a global party in the world of remittances? this digital disruptor is having on the traditional money transfer scene,just a chat about how Bitcoin is playing the international money game differently. Whether you're sending crypto across borders or just curious about the buzz, let's share our thoughts on the real-world impact it's not just changing currencies; it's changing lives. Anyone else experiencing the joys of Bitcoin remittances?
Cheers to the crypto curious,
That is one area where Bitcoin can outshine many other competitors. I won't say just Bitcoin, but any other crypto currency that has a stable value can do great in international transactions. I believe cryptos are indeed used for global remittances. Just not being used by the corporates but by the individuals. Only in this field, Bitcoins transaction confirmation time looks faster than the traditional banking system. But it is difficult to see an impact because Bitcoin is not recognised as a currency in many countries in the world. So you will never get a solid and reliable data to prove the impact. But yes cryptocurrencies can surely disrupt the global remittance market with ease. |
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I have a stupid question:
With all the new ETF Funds coming on the market, what happens if the funds buy all the existing 21 million bitcoins, in hope of future price increases ?
If no fund is selling bitcoins and no new bitcoins are created,there is no market, that could lead to a major sell off, because nobody wants to be the last seller with the lowest price...
So will be interesting to see how the ETF Approval will play out finallly....
A good amount of Bitcoin are yet to be mined. Also a lot of Bitcoins are lost and almost 1.1 million Bitcoins are locked in a wallet which is believed as Satoshi's wallet. So there is no way these fund houses will be able to buy the entire circulation. Every buy transaction needs a seller as well. If big fund houses starts buying Bitcoin in bulk, majority of the minors will probably choose not to sell them. The situation is lot more complicated than we can think. If there is no circulation, Bitcoin's price may come to zero. Because any currency system thrives on how much it is being used and not on how much is on holding. So there is a very high possibility of the market collapse if one or two corporates try to capture the entire circulation of Bitcoins. |
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It's not a thing of surprise anymore to see bitcoin dip about 10 to 20% from its previous price of $48k on it's price within the late December to earlier January after hitting a good price, after which price started declining without control to the level of $38k as current price. Who knows what could be the next dip and this may lead to 35k to 30k causing serious panic to the market and holders, please any thing the cause of the dip as we know it's based on news.
Yes, BlackRock is buying bitcoin at lower price so that they can move to the top of the list of corporates holding most numbers of Bitcoin. People at blackrocks top management suddenly decided about it and they are using their influence to manipulate the Bitcoin market to lower the price. Otherwise tell me how on earth, Bitcoins price is decreasing after the approval of long-awaited ETF. I don't see any other apparent reason. |
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How I just keep hoping this whole jpeg frenzy on the BTC blockchain dies as soon as possible or something happens, rendering it impossible to carry out those schemes on the chain. I just don't want us to reach a situation that Ethereum network reached where it was impossible to carry out normal micropayments on the network over a long time because of the crypto kitties and NFTs.
This is really going beyond the acceptable limit now. These ordinals are jamming the network with nonsense NFT tokens and common users like us are paying between 40 - 70 Sats/Vbyte. This is not sustainable and might kill the usage of bitcoin as a payment processor completely. This will effectively discourage people from using Bitcoin for micropayments. I know a discussion has been initiated between Devs but not sure how far it has reached. These ordinals need to stop for greater good. |
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For one, I would say that moreover that Bitcoin has gained popularity and also disrupted the financial industry , it is only safe to say that it is unlikely to replace the traditional banking system in the nearest future. I mean , mortgages , loans and financial services are functions that are carried out by these traditional banking systems. But then, Bitcoin and other cryptocurrencies have the potential to provide alternative options and challenge certain aspects of the traditional banking system .. What do you think?
Nope! Bitcoin cannot replace the traditional banking system in any way. It can provide some alternatives to some small number of people for sure. But Bitcoin doesn't have the capability to handle the scale of a mainstream banking system. So if you are under any such kind of influence please come out of that. Bitcoin cannot handle the volume that that traditional banking system handles in 1 hour. So let's not daydream about the capacity of Bitcoin and use it as a parallel currencies system like it is now. |
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Just a harmless question and I will be glad to read what your understanding of the topic is, and just as the title goes.
Who else are the bitcoin developers aside from satoshi and what are their role in the bitcoin network at the moment.
I see that a list has been provided below. But I want to add couple of things which might clear out couple of confusions you may have after knowing that there is a development team for Bitcoin. Bitcoin developers cannot implement of force any change into the network. What they can do is to make the required changes in the algorithm and pass it to the Bitcoin network for reaching consensus. If 51% of the miners agree to the change, that is accepted in the network. Those who do not agree, they will fork out. So even if a list of developers is available, Bitcoin is still decentralized. |
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