Don't worry, NFT hype isn't over yet, it's just that NFT is still very low in demand,
because there are so many NFTs in freefall up to -90%, of course this is what makes traders or investors afraid to buy them now,
because the market is very bearish, I myself am still monitoring NFT from Ape at a cheap price
You've said it yourself. The NFT hype is far from over. But I'd have to admit demand is very low especially during this long-lasting bear market. Several companies (eg: Disney, Coca-Cola, Pringles, etc.) have joined the NFT craze, so it should only be a matter of time before mainstream adoption skyrockets like crazy. While most NFTs are pure garbage, there are some that are quite worth the investment. You'd just have to do your own research in order to pick the good NFTs from the bad ones. There's a lot of money invested into this emerging industry, so it's unlikely it'll disappear soon. Just my opinion  |
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The road to reach $1000 seems still long, today there was a correction in the market again which made BNB drop again to $280, if the market was like august then it took at least 3 years to reach $1000, but the good thing is we have to buy when the price is still cheap .
There's no way BNB will reach $1k on its own, unless Bitcoin goes all the way to the moon. The market is bearish right now, so chances are BNB will stay at a low price until the dust settles. I think this is a great buying opportunity for those who've missed the train. Other platforms have been subject to network outages and whatnot, but BNB has been standing strong since day one. It's a resilient smart contracts platform that might challenge Ethereum someday. Who knows if buying some BNB now will make you substantial profits in the long run? Just my thoughts  |
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Paid Received. Thank you!  |
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Ethereum is one of the most well-established altcoins and it's getting better each year. It is well founded and has reached different milestones already so getting devalued is really impossible. There are actually upcoming updates about its development that most investors are looking forward to. Eth is actually getting even better so I don't think mocking it would affect it.
Ethereum is the one who started the "De-Fi" craze, so it's highly unlikely it'll go to zero anytime soon. Competing chains may be faster and cheaper to use for day-to-day payments, but none of them compares to ETH in terms of decentralization/censorship-resistance. It's this reason why I believe ETH won't go to zero. However, I still believe it'll go up in price over time. There are tons of useful dApps and tokens on the ETH chain, so I'd suggest you pick one that suits you the most. With the PoS merge on the brink of becoming a reality, ETH will become bigger, faster, and stronger than ever. Who knows if it gets to live alongside BTC for generations? Just my thoughts |
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Whats up family. So ive been planning and working on this for awhile. It always bothered me that all the physical bitcoin videos were lame, wrong, or just plain bad. So I did it myself. The goal is to bring physical to the world. Hopefully inform the newbies and prevent people from getting scammed. The format is each video will talk about a different physical bitcoin. I hope to have some of the coinmakers even come on to talk about their coin. Even some guest hosts from the forum phone in and help. Plenty of you know more than me. By no means are these videos perfect. I definitely would like feedback, and Im not scared of criticism. So please let me have it. Thanks Dane https://youtube.com/channel/UCG0jGst7o-xiXpn6qitEwGQI've just watched some of your videos, and I'd have to say they're pretty good. This was much needed to help increase exposure of physical crypto collectibles. I also like the idea of inviting coin makers for an interview. Great job, buddy. |
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I'd say Bitcoin has completely changed my life ever since I've discovered it in late 2014. Not only I became a privacy-aware person, but I also learned how to better manage my finances. Because I've joined a signature campaign, I became motivated to browse through the forums and learn all about crypto/Blockchain tech. If it wasn't because of Bitcoin, I wouldn't been as financially independent as I am now. Back then, I was frustrated with banks' hidden fees and the time it took to transfer money across borders. With Bitcoin, I no longer had that issue since I was able to send money at a cheaper cost within minutes (instead of days). Kudos to Satoshi for making sound money that enables people to be their own bank. Who knows if someday Bitcoin replaces Fiat in its entirety? |
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I'm just curious to know how often people on the forum make BTC transactions.
Feel free to expand on your answer below, should you desire.
Please vote honestly, thanks.
To be honest with you, I use Bitcoin almost all of the time to pay for goods and/or services. I don't usually touch cash (Fiat), unless it's something I cannot pay with Bitcoin. But now that there are virtual and plastic cards which allow you to use your BTC to pay at any merchant accepting VISA/Mastercard, avoiding Fiat entirely becomes an easy task. I can't tell you how great it is to live only on crypto, especially when only you control access to your funds (no middleman). I can spend BTC anytime without going through ID/credit checks, or even having to worry about "hidden fees". It's true freedom if you ask me. What's left is for Bitcoin to become widely accepted by countries worldwide, and you can say goodbye to Fiat for good. But I doubt that'll happen anytime soon because governments don't want to surrender Fiat over anything else. At least, we have an alternative to the existing monetary system. As long as decentralization prevails, nothing else matters.  |
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At a cafe in Gibraltar two people paid for their coffees, one with a Bolt Card and one with a legacy card. ... You can see the video in the original tweet. You will see that the lightning payment is done faster than the legacy payment, and both are done in the same way, just tapping a card. The Bolt Card is basically an NFC card with a NTAG424DNA chip, which provides better security than normal NFC cards (prevents replay attacks), and also comes with nice designs. You can also just buy blank NFC cards with that chip as well, but the Bolt Cards are probably cheaper and look better anyway. How it works is that basically you write a LNURL withdraw link into the card, the checkout reads the NFC card, processes the link and gets the bitcoin. You can manage your cards with open source: boltcard server, and the NFC programming app. This is really great because people will now be able to use Bitcoin directly, with no middle-men. Note that this is not a credit card linked to an exchange, this is a card that spends your sats directly from your own lightning node, all managed and controlled by only you. Here's some more information about the Bolt Card, some more videos of it in action, and how to use them with other software, all without having to rely on any other financial institution. It's very impressive. This shows Bitcoin's true potential as a "Peer-to-Peer Electronic Cash System" that's fast and cheap to use for day-to-day payments (unlike traditional credit/debit cards or bank transfers). What Bitcoin needs is price stability in order to reach a wider audience. I'm amazed by how the Lightning Network makes paying for goods and/or services a breeze. This new Bolt Card should pave the way towards mass adoption of Bitcoin through the Lightning Network. I think it's only the beginning as crypto (especially Bitcoin) challenges existing payment processors such as VISA, Mastercard, and PayPal. Remember, "the early bird catches the worm". If you get in now, you'll reap huge rewards in the future once Bitcoin becomes a full-fledged mainstream cryptocurrency. Who knows if we're one step closer towards "hyperbitcoinization"? Just my opinion |
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Market fall and rise is a part of the cycle.. there was a time, Bitcoin had almost zero value, but Satoshi and his peer had firm belief on it. While the rest of the world was sceptical about Bitcoin. Many smart people were investing in Bitcoin, now we idealize such investors. This contraction phase will also pass and Bitcoin will rise to glory to 100k...so keep hodling
Bitcoin is still doing better than most cryptocurrencies, especially when it's the reserve cryptocurrency of the market. Ups and downs are part of the normal cycle of crypto. People just have to learn to live with that. The main reason Bitcoin and other cryptocurrencies are going down it's because of the deteriorating global economy. Inflation, tight monetary policy, the Russia-Ukraine war, among other things have had a negative impact over crypto's market prices (especially Bitcoin). If you still believe that crypto/Blockchain tech will change our world for the better, then I'd suggest you stay no matter what. Weak hands will sell, but strong hands will buy and "hodl" for the long term. I'm confident things will get better after the global economy is put right back on track. That, as well as, BTC's block reward halving, should have a positive effect over crypto market prices. Ultimately, it's all about diversifying your investment to reduce as much risks of loss as possible. As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my thoughts |
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31 - Abiky Thank you and Happy Birthday! |
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I am so tired of people claiming that Bitcoin has no intrinsic value.
Some people seem to think that things like electricity, rented room, mining rigs, internet costs and so on are provided for free by some socialist government entity or something? All those things cost money. You can't mine Bitcoin for free. If you want to mine Bitcoin, it will cost you money.
That potential cost of mining Bitcoin is what gives Bitcoin its minimal, base value.
Unless you steal your neighbors electricity. But in that case your neighbor would be paying for your Bitcoin mining.
But thats a short term solution.
You've said it yourself. Bitcoin is backed by the energy spent mining it using specialized hardware (called ASICs). It's not really made out of thin air, as some would say. Most people don't understand how Bitcoin can have value on its own, because they've never taken the time to do their own research. They're just following someone else's opinion about it (what wealthy people and big banks say against Bitcoin). There's no need to back Bitcoin's value with Gold or any other precious metal, because it can do well on its own. With no central authority, people like you and me are the ones who dictate how much a Bitcoin is worth on the market. It's all based on the rules of supply and demand. Bitcoin is portable, censorship-resistant, decentralized, scarce, and pseudonymous. What more would you want? Fiat is losing its value anyways (it's only backed by debt), so investing into Bitcoin would be the wisest decision you'll ever make. Who knows if someday Bitcoin becomes the standard unit of account? Just my thoughts |
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As long as USDT is there, Tron will not be abandoned.
Secondly, people still believe that Tron is a good project because they still have trust in Tron founder Justin sun statements about Tron who knows exactly how to keep the hype in the market.
Many in the crypto community hate Justin Sun because of how he hypes projects for his own benefit. He's all talk, but that's it. The guy faced some controversies in the past, especially with the STEEM/HIVE hard fork. It's a good thing he decided to distance himself of the TRON project, or TRX would've been dead by now. Now that Justin Sun is out of the picture, TRON can become fully decentralized. I'd say the TRON blockchain has the potential to change the Web for the better. With ultra-fast transaction speeds, and dirt-cheap fees, TRON makes the ideal platform for "De-Fi". Based on the features it provides, I'd say TRX is extremely undervalued. There are a few good tokens and dApps on the TRON blockchain (especially USDT and JustSwap), but none of them are as comparable as their ETH counterparts. At least, people can choose from one smart contract platform to the other. As long as decentralization is prioritized, nothing else matters. Just my opinion |
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I mean in terms of moving into stable coins to preserve capital it works in countries where taxable events only occur when you go from crypto to fiat, therefore going into stable coins relieves you of that. Otherwise I'd rather go into fiat than stablecoins.
I wouldn't say you'll be "relieved" of paying taxes from stablecoins, since they're centralized after all. The issuer can simply freeze your funds if it detects you're evading taxes. With the Terra's UST stablecoin collapse, regulators have been paying close attention to the industry's developments. I think governments will tighten regulations in order to prevent money laundering and tax evasion with stablecoins. Of course, this applies to centralized stablecoins. But with decentralized stablecoins like DAI and USDJ, that's another story. I'd prefer to save money in Fiat because it's backed by the full faith and credit of the government. Stablecoins don't have the same protections as ordinary Fiat currencies because they're issued by private companies. If the company goes bankrupt or there's a major hack, you could lose it all without being able to claim your money back. Unless regulations come at full force, I don't see stablecoins going anywhere soon. Just my thoughts |
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I get asked sometimes if I regret not selling my coins at the all time high and my answer is always the same. No, I do not regret it. You can’t have too many regrets in crypto since there are so many price swings and it’s impossible to know exactly where the bottom or top is.
How many successful swing traders do I know? Not many. My investment strategy is pretty consistent, I bet on winners that I truly believe in and I hold long. Eventually, BTC will be worth 100k and that's what I focus on.
Of course. No one knows how the crypto market will behave due to its extremely unpredictable nature. We can only take a wild guess of where prices will go, but that's it. Altcoins are known to have higher fluctuations in price than Bitcoin, so investing in them are a gamble. You can either win big, or lose it all in an instant. The key here is to diversify in order to minimize risks of loss as much as possible. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Just my opinion |
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It's for educational purposes, so I don't see why the code can be re-uploaded in the first place. But that's up to the government to decide. I really am against censoring code, especially when the same represents freedom of speech. How you will use that code (either for legitimate or illegitimate purposes) depends entirely on you. Again, I believe the US should've sanctioned the individuals using Tornado.Cash for illicit purposes than the mixer protocol itself. Everything's messed up now, so I don't think developers will dare to make another privacy solution on ETH (or any other chain) ever again. I hope crypto advocates and industry leaders stand up against the decision to censor the use of Tornado.Cash for the good of crypto/Blockchain tech. Coin Center mentioned it will be taking this to the court, so I think there may be light at the end of the tunnel after all. Just my thoughts |
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World economy  I look to it that the war affecting the economy of every country and with research about it , Al-Jazeera gave detail of how some countries is affected and if the war did not stop , more of the country will keep suffering. Russia is part of the biggest supplier in oil and the short suorpply is affecting the world. The war is affecting the europe countries hard because two countries in the war are two big supplies to europe. Russia cut supply of oil to euro and that affecting production, gas use. The Ukraine economy supply large amount of iron, steel, ore,stag and ash to the world and euro now in shortage include animal vegetable fats and oil to euro and the other countries. This is hard time for economy to survive what is your thinking about the collapsing of world economy with highing inflation. The whole world is suffering because both Russia and Ukraine are global exporters of natural resources and goods. Not only that, but Europe depends heavily on Russia's gas and energy supplies to survive. With sanctions taking place after the war, Russia's decision to limit gas & energy supplies to Europe has greatly affected its economy. I guess sanctions really backfired like Putin once warned. Now it's up to global powers to put an end to the conflict or things will only get worse in the long run. We were merely living with COVID-19, but now the war has taken away our hopes of seeing the global economy restored back to its former glory. And don't let me get started with the potential war between China and Taiwan. If that blows up, then the world economy will die to a point where there's no room for recovery. These are uncertain times we're living into, so it's better to be prepared before it's too late. Just my thoughts |
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The reason is that everyone can create so many tokens, and it's very easy to make smart contracts so that's why everyone in the world, creates tokens for the sole purpose of finding investors and making profit, no matter if it sells in the market or not, at least they have trying to run it, but with this convenience it is often misused by irresponsible people such as fraudulent projects, and in the end many altcoins just die or are abandoned by their owners, we can see lately that many projects have not continued the concept even though it's been arranged so neatly, but the market decides it all..
Exactly. Anyone can simply create a token or cryptocurrency with the purpose of cashing out as quickly as possible. Only solid projects that are determined to provide real use cases to the world will stay no matter what. To say the least, 99% of altcoins will die in the future while only a small few will survive. Not only the vast majority of altcoins are created for pure profit, but most of them are not even as decentralized as one thought they would be. There's a reason why Bitcoin is still the "King of Crypto", even thought it doesn't have all of the bells and whistles of the other coins. That's because Bitcoin is the most decentralized cryptocurrency unlike any other in the world. Ethereum comes next to Bitcoin in terms of decentralization, but with the upcoming merge to PoS, that would be put up to question. At least, altcoins prove to be a great profit opportunity for those who jump in early. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Just my opinion |
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Eth merge is happening and soon we may see a super low transaction fees for eth transactions, the question is what will happen to layer 2 projects like arbitrum and optimism? They doing really great in scaling Ethereum with swap fees no more than 0.2$ but the question is if will keep existing in the future
Not exactly. The ETH blockchain will still remain under heavy load due to it being the most popular smart contracts platform in the world. PoS would only have a positive effect over ETH's energy consumption, but that's it. The real deal would be scaling ETH through Layer-2 scaling solutions like Arbitrum and Optimism. I don't think such solutions will disappear, since they can prove to be useful at times where ETH's congestion becomes uncontrollable. When you have a PoS-enabled ETH blockchain, Sharding, and Layer-two scaling solutions, then you'd get an unfathomable experience in "De-Fi" beyond compare. I think the combination of different scaling techniques in ETH, BTC, and other chains would help them reach large masses of users without experiencing any drawbacks whatsoever. I'd prefer to use a Layer-2 scaling solution that is decentralized, than a scalable smart contract platform like Solana which is highly centralized. The future is all about off-chain scaling solutions and interoperability in order to make crypto/Blockchain land a better place. Who knows if major cryptocurrencies reach higher prices because of increased mainstream adoption? Just my thoughts |
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why bitcoin protocol cannot use pos instead of pow ?
Bitcoin won't use PoS simply because the consensus algorithm only benefits the whales. Those with large amounts of money will be able to control the BTC blockchain with their stake. In other words, changing from PoW to PoS would mean sacrificing decentralization in the long run. Even Ethereum's developers acknowledged that the ETH blockchain will be less-decentralized with PoS. Yet, they've decided to go forward with the change in order to make the ETH chain cheaper and faster to use for dApps. It's a smart contract platform after all (not a single purpose chain like Bitcoin). If you want people to use your platform massively for decentralized applications, then you'd need to adopt a consensus mechanism that prioritizes scalability above all else. I believe the pioneer cryptocurrency is fine as it is, even though many haters criticize its "high energy" consumption. Many altcoins are already switching to PoS due to "environmental concerns", so I wouldn't be surprised if BTC remains as the "only PoW coin in town". Just my opinion |
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I have always considered Bitcoin more scarce than gold. First, it’s in limited supply and the demand for BTC has increased significantly over time. Also, it takes some technical ability to acquire crypto.
For example, I know people that still don’t know where to buy coins. Much like gold I think BTC will be a great hedge against inflation in the coming years when the volatility levels out.
Bitcoin is not only scarcer than Gold, but also easier to mine than Gold. It's highly portable and truly censorship-resistant. If people only knew Bitcoin's true benefits, prices wouldn't be this low. I think BTC is greatly undervalued, considering all of the benefits it provides to its holders. Most people consider BTC as a better store of value than Gold, because of the way it was designed. You won't see results in the short-term, due to the volatility of the crypto market. Only long-term holders will obtain huge returns in the future as Bitcoin's reaches a new All-time-high in price after every halving event. Experts are already predicting BTC will reach $1m, so I'd suggest anyone to "hodl" strong whenever possible. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Just my thoughts |
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