Stable coins are deposited by FIATs in banks and help value Stable coins. If one-day stable coins replace FIAT, what will be the role of banks? I think that currently, the relationship between stable coin and FIAT is very suitable. Everything will go on until governments make an official announcement about crypto issues.
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ETH reaching $ 100k is still possible but it will take a few more decades in my opinion. Currently, ETH has very high transaction fees and when ETH reaches $ 100k, no one will use ETH to perform transactions. ETH needs to roll out the upgrade for lower costs and higher transaction speeds. With a value of about $ 2k as of now, I think ETH is overvalued and using ETH at the moment is not suitable for everyone.
You mean invest and HODL for the lifetime! Ethereum hits another all time high, anybody can sell their position with large benefits. I guess then there will be no complains with the high transaction fees. Fees eventually rush up when there will be high demand. We can wait until complete up-gradation. For now HODL! The next stop is 10K ETH's growth is organic through DEFI and DAPP around ETH. Without ETH users, its value would be 0. Don't tell me that ETH is only for those who hold it and trade on centralized exchanges. Upgrading the software to become better is the responsibility of ETH's development team and the upgrade will inevitably happen.
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Modern society makes people more greedy and has more material needs. They will want other things bigger than they are now. If one day the rich accept only one house and a car and simply eat and drink, then only that will have the opportunity for the poor.
The message in this one is twisted, especially to the last phrase you stated. There are other different opportunities for poor in different scenarios, some are given scholarships, some are given grants, some are being adopted, etc. You can't dismiss this opportunity no matter how low the probability of getting one. Every class of society has its own opportunity and I believe that the poor also have a chance to rise, but why are the poor still so numerous? All matter is finite on our earth and time does not favor the poor because they have a very low starting point. They cannot afford housing opportunities if the rich are constantly amassing finite assets such as real estate. Many people work their lives just enough to buy them a home. The whole modern market social model is built on banal human greed and is quite competitive and viable. Personally, I am not happy with some of the costs of such a model of modern capitalism, such as the excessive wealth of individual members of society, but all sorts of social experiments, such as socialist regimes and all sorts of restrictions on wealth, led to even worse results. Therefore, I am against such proposals as one house and one car, and I am in favor of creating conditions for the state to improve the well-being of the rest of the population. That is, not a restriction, but rather a stimulation of the other layers.
The purely socialist regime annihilated the other roles of the private economy and was led only by the state economy. That holds back economic growth. Currently, socialist countries such as Vietnam, China, and LAOS are constantly expanding their development scale and receiving investment from abroad. They are already rich and have fewer poor people. Countries like Korea and Cuba are embargoed by the US and they have not developed to their full potential. I don't blame each regime because the way they run is not the same. Just after the pandemic, see how Americans went out on the streets of Europe faced starvation and unemployment. Proof that the capitalist economy is bad is that the Texas electric utility has raised the price of electricity hundreds of times to make a profit.
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The market has buyers and sellers. So I'm sure someone will pay for Tesla's car with Bitcoin. I think Bitcoin is just a means of payment. As far as I know, Americans have a habit of paying off an item in installments rather than buying it outright. If Tesla allows installment payments in Bitcoin, many people will choose this option.
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The needs of people are always increasing and the capitalists always encourage the development of the market economy. The more wealthy people are, the more motivated people are to thrive. The poor have many reasons for being poor such as force majeure in labor for the elderly, the disabled, and the terminally ill. They are poor for sure. Others are poor due to laziness, due to too many burdens. We cannot divide wealth from the rich to the poor because we cannot do it other than donations or charities. We can only help the poor by helping them, giving them a job, giving them knowledge. Modern society makes people more greedy and has more material needs. They will want other things bigger than they are now. If one day the rich accept only one house and a car and simply eat and drink, then only that will have the opportunity for the poor.
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Altcoins play a different role in the cryptocurrency market. If you look at the Ethereum ecosystem you see a lot of good things in it. I see many solutions that altcoin offers and it enriches and diversifies the cryptocurrency market. I think in the future altcoins will play an important role in real life because they help us with more problems than just paying. We can manage records, documents, people, property ...
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ETH reaching $ 100k is still possible but it will take a few more decades in my opinion. Currently, ETH has very high transaction fees and when ETH reaches $ 100k, no one will use ETH to perform transactions. ETH needs to roll out the upgrade for lower costs and higher transaction speeds. With a value of about $ 2k as of now, I think ETH is overvalued and using ETH at the moment is not suitable for everyone.
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As per the views.
Now Binance CZ have
- Most traded Exchange - Smart chain - Wallets - 3rd Best Crypto - BNB
So he can influence more and more to crypto space. One day he can centralize these system. Whats your view about this
CZ also includes the Binance LABS investment fund. This fund sponsors many different crypto projects. My personal opinion is that CZ is actively supporting the crypto market while creating an ecosystem. Everyone finds it convenient to join CZ's ecosystem. It also gives a solid flow of money in the crypto market. The decentralization in the crypto market has gradually disappeared as the involvement of investment funds in recent times has been very large. In addition to Bitcoin, all remaining coins on the market are manipulated and not decentralized.
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Binance's value is overvalued and I think that brand equity does not come entirely from Binance Smart Chain, it has been calculated from many different stages. CZ is the one who created the demand for Binance. He created various tricks such as paying transaction fees with BNB, creating IEOs, creating Binance DEX, Binance Smart Chain ... Binance is used a lot because of its low cost, but it is not as decentralized as Ethereum. Binance's rally was undoubtedly due to CZ's manipulation of his exchange.
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Using great leverage and overinvesting in different stocks increases the risk of trading. Burning a hedge fund's accounts overnight is unlikely unless they have had losses for days and they accumulate to become a large loss enough to liquidate their assets. I guess they didn't cut their losses and hoped to reverse the situation until they lost all their money.
In the past, there were many investment funds in many fields with losses. So a loss investment fund is considered not too surprising. Surprisingly, they manage like a gambler when they spend so much money on a position.
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The value of Ethereum is at a high level. The reason I think so is that a higher Ethereum value will make the transaction cost and GAS price higher than before and that is absurd for the cost of one transaction. Imagine Ethereum costs $ 4000 and transaction costs go up to $ 100 per transaction. Do you find that ridiculous? So it is only when Ethereum reduces its transaction costs that its value can go another step.
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I have not seen a cryptocurrency generated by ADA smart contract and have not heard of smart contract implementation on ADA. ADA is not able to compete in the long term with ETH as it is not capable of creating ecosystems like ETH. It takes a long time to see the crypto markets work, so maybe let's keep both ETH and ADA.
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Bull run this time will be longer and more sustainable because Bitcoin has not reached the $ 100k mark as predicted by most people. The cash flow is continuously flowing into the market and it can be said that this year's sentiment is better than the previous times when people did not Panic sell. TOP altcoins have yet to break the ATH of the previous years so the market still has room to grow.
it is likely that the price of bitcoin will continue to increase and be able to create new history because the increase that occurred this year is able to penetrate many times before. as we know when bitcoin has increased so high there will be many potential coins behind it that follow the flow of Bitcoin price movements Sure, if Bitcoin does not go up, then there is not a single altcoin that can rally and skyrocket. People will have to look at Bitcoin's volatility before investing in altcoins. Just like that, when Bitcoin falls 10%, the altcoin will decrease many times over that number. When Bitcoin increases 10% altcoins only increase slightly until Bitcoin increases many times before it is the altcoin's turn to increase in price. After many such times, Bitcoin and altcoin have deviated after the rise and fall.
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Bull run this time will be longer and more sustainable because Bitcoin has not reached the $ 100k mark as predicted by most people. The cash flow is continuously flowing into the market and it can be said that this year's sentiment is better than the previous times when people did not Panic sell. TOP altcoins have yet to break the ATH of the previous years so the market still has room to grow.
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Buying option 1 looks better since they are the best cryptocurrencies to hold in the long term. I suggest a better way is to spend more money and buy when the market plunges short term. You will have to give them some technical analysis knowledge. I think that's not too difficult for you. If you do this you will be able to have good buying zones and confidently hold them for long because you bought at the best possible prices.
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The amount of $ 50k is quite large. Buying Bitcoin and ETH is risky now as they have risen close to the nearest ATH. Buy low and sell high to increase the amount of your Bitcoin and ETH. I recommend monitoring Bitcoin and ETH's value change signals regularly so that you can change your strategy to suit the market.
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My options at the moment are the potential, low-cap altcoins. I choose the following altcoins: GUM (Gourmet Galaxy) is a decentralized cryptocurrency exchange that has functions such as IDO, NFT (upcoming) trading, farming GUM. There are only 20M tokens, the current capitalization of this project is only about $ 10 million. Lamden is a new type of smart contract platform written 100% in Python, this blockchain offers high speed and scalability up to 100kTPS if all nodes are operated. The network transaction costs will be stable as it is voted on. Lamden has launched a decentralized exchange called Rocketswap.exchange Next, they will create a bridge to connect Ethereum to this exchange. Lamden's capitalization is only about 20m and is very potential in my opinion.
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Payment services accepted Bitcoin and cryptocurrencies. Just this week we have news regarding Paypal, Visa accepting cryptocurrencies, and today it is Goldman Sach's turn to deliver Bitcoin to their customers. Bitcoin is being widely accepted around the world and through many large institutions. During the period from the beginning of 2021 until now, Bitcoin has spread on almost all news sites from all over the world.
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Most projects are built on ETH, BNB, TRX. Can't build a defi on Polka dot yet because they don't have the source code for the smart match yet. Polkadot is new and needs more development. The majority of Polkadot projects build placeholder tokens on ETH,q It looks like they are trying to collect money because it has not created any value yet.
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The Bitcoin coup was an injection of liberalism that the West influenced and it had nothing to do with Bitcoin. I think Bitcoin is just a tool and it serves a variety of payment purposes. Myanmar will soon get over the riots and the people will soon realize that what they did was wrong. They need more reason than they focus on subverting the state.
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