Apart from using Tron network to use usdt, I don't use Tron for any other activities. Was once rated as a potential token to compete with eth, but what Tron is doing completely kills the project, without any noticeable updates.
I think Tron will soon be forgotten once usdt is no longer popular in the market, Usdc is working great and is likely to overtake usdt, it's just a matter of time.
I think USDT is the only thing that's keeping the TRON blockchain afloat. But it's "glory days" won't last soon as new competing chains offer better performance and cost-efficiency. Developers are quite active on other projects than TRON, so it's likely TRX will lose its position in the market sometime in the future. If there's no innovation for TRON, then I'm afraid the project will become abandoned for the next big thing in crypto. It's possible TRX will turn into a "meme" cryptocurrency like Dogecoin, Shiba Inu, and the others. At least, the project is open source. That gives us hope TRX will be "revived" if it grabs someone else's attention. Who knows what the future lies for this coin? Just my opinion  |
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Matic in my opinion is still undervalued, comparing its price to other shit tokens that are more expensive. Besides Matic is already has a solid foundation and has been around the market for several years.
MATIC's never been a victim of network outages (as far as I know), yet it's a lot cheaper than Solana itself. The latter may have better performance, but it's heavily centralized. It's the reason why Solana experiences constant outages. People want something that's reliable and safe to use. Not something that's relatively unstable. Solana's been full of hype since day one, so I wouldn't be surprised if sometime in the future it goes back to the "triple digits". As far as the Polygon (MATIC) blockchain is concerned, I think it'll survive a lifetime because of its decentralized and censorship-resistant design. All it needs is strong marketing efforts to attract as much investors as possible. The cryptocurrency is pretty cheap these days, so it wouldn't hurt to buy more coins in case it "blows up" in the future. Just my thoughts  |
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Hello All!
I have been asked if I would be willing to sign and date the books?
I dont have a problem doing so but I'm not sure if everyone who had ordered so far would
want that and its not something I factored into the books.
So let me know if you would like me to sign and date your copies?
Yes, please. I would love that very much. |
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Keep the raffles coming! #10 for me, please. Thank you!  |
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There is the reality of inflation. The highest inflation rate of the last 41 years was announced in the USA. In this case, we can say that holding a stable coin is not a good idea. Also, stablecoins other than DAI have centralized structures. Holding them is very dangerous.
Exactly. With rising inflation rates, no one will want to save Fiat/stablecoins in the long run. You're better off investing that money into something that would generate value over time. Stablecoins are only a short-term solution for those who want to protect themselves against the crypto market's volatility. If you use them right, you'll be able to achieve complete peace of mind. Otherwise, it'll be game over for you. Let me tell you that decentralized stablecoins that are collaterized (eg: DAI) are your best bet to preserve your capital without the risk of losing it all in an instant. It's been years since DAI was created, yet its peg has remained untouched. Of course, nothing is guaranteed to last forever. As long as you don't put all of your life savings into stablecoins, there should be nothing to worry about. Just my thoughts |
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Gas supplies are dwindling, if Russia really cuts off supplies completely then I think Europe will be in a recession quickly. Russia may have been preparing for this war for decades, and Europe has been too dismissive of Russia when it comes to sanctions. Russian gas and oil revenues have tripled from pre-war levels, which the US and EU have miscalculated.
The war not only pushed the European economy into crisis but also caused division within the EU, so I still believe that the euro will fall even further in the near future. It doesn't stop here.
Europe will be doomed if Russia cuts off gas supplies for good. The EUR will have a hard time rising back to its former glory if this happens. European countries need to act fast by finding an alternative solution to the gas/energy problem. Importing such resources from other countries would be the ideal strategy for the EU's long-term survival. The US won't have any problems since its dependency on Russia's natural resources are pretty low. Even with inflation, the US Dollar is still the reserve currency of the world. Things aren't looking very bright with the Russia-Ukraine war these days, so we should expect the EUR to remain at its lowest in the time-being. Just my opinion |
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There needs to be a diversified investment plan. As of now we have to invest 60% on bitcoin/cryptocurrencies and the remaining 40% on gold. This is how I do, because I'm fed-up with the gold investment. If I've done the same investment on cryptocurrency now I could've made a big money out of it. For long term profiting cryptocurrency is the right pick whereas for risk free benefits gold is the choice.
Diversification is the key towards minimizing risks of loss as much as possible. You've got a good strategy by putting most of your money into Bitcoin while leaving the rest into Gold. The yellow metal may be good as a store of value (it's usually stable), but it's not a means for making huge profits in the long run. That's where Bitcoin comes in. If you buy and "hodl" Bitcoin now, you'll be able to make a decent return in the future when it goes all the way to the moon. You can then use that money (profit) to invest it into Gold for complete peace of mind. Both commodities are a great way to preserve your financial future, so I'd say don't give up no matter how "bleak" things may seem to be. I'm confident everything will go back to the way it was once the economic recession is over. 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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Shib like many other meme coins will eventually fade away. Next bull run there will be some sort of other craze and everyone will drop their shib bags for the next best thing. Happens in every market cycle I'd microtrade my way out of my shib position if I were you but that's just me.
Same applies to APECOIN, BabyShibaInu, and all of the other "meme" coins being traded on the market today. They have no substance to them other than being purely-speculative assets. Hype is what usually keeps these coins afloat. People only buy SHIBA thinking they will obtain the same results as Dogecoin. The latter cryptocurrency only went sky-high because of Elon Musk. Early holders became rich because of the craze. But that doesn't mean the same will happen with SHIBA. The token really has no future. I'm pretty sure people will move on to the next big thing in crypto as Shiba Inu slowly fades away into oblivion. I'd suggest anyone to sell their SHIBA before it's too late. Just my thoughts |
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In short, I don't consider stablecoins safe havens, but rather a medium to convert assets. In addition to shady allegations, USDT relies on so much centralization that it can never be said to be safe.
The Tether stablecoin remains one of the most popular stablecoins, and if it were to go down one day, it would be an even worse crisis than the UST. There is still a possibility that it may occur, but I do not expect it to do so.
Centralized stablecoins are prone to failure simply because of they way they were designed. There are no investor protections that would guarantee your money will be safe in case of a major hack, the company running away with the money, or the coin losing its peg over time. You're much safer with Fiat than a stablecoin because it's backed by the full faith and credit of the government. If Tether or any other major stablecoin goes down, you can expect crypto prices to fall like crazy. It would be a bigger crisis than the one faced by UST. If only people understood the risks of stablecoins, then the market would've headed into a different direction. At least, we have decentralized stablecoins to save the day (eg: DAI). As long as people have a choice, nothing else matters. Just my opinion |
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how long have you known or studied cryptocurrency?
too soon for you to conclude about the end of bitcoin.
bitcoin was the first crypto asset and became the forerunner of cryptocurrency,
bitcoin itself became the first digital coin to successfully develop and until now it still has many investors who hold bitcoins until the total supply in the crypto market is almost at its peak or exhausted. there are also several companies that accept bitcoin as a medium of exchange, with the development of technology can make more investors and leading companies will use bitcoin.
from this it can be concluded that bitcoin is indeed a viable and bright investment asset in the future so it is very unlikely to be destroyed.
Bitcoin is the original cryptocurrency project that started it all, so it's highly unlikely it'll die anytime soon. It's been 13 years since BTC's inception, and there hasn't been any indication of the Blockchain seeing its last days of life. Unless a superior technology than Blockchain comes up, Bitcoin won't go anywhere soon. The ones who really believe Bitcoin is dead are newbies who're just starting their journey in crypto/Blockchain land. They believe it's all about market prices, when in fact, it's all about the network. As long as the network is healthy and actively-supported by the community, we should have nothing to worry about. Just my thoughts |
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Why would it be? That's the good approach and I like it.
I personally do not think that things that we have as "based on" are not really based on it neither.
Like gold is not just based on gold if you ask me, it is just the market decided to play with it, and wealthy people are playing with it, you could give them literally manure, and they will make a huge market out of manure and act as if it is something super valuable and buy and sell accordingly.
Doesn't mean that it shouldn't be something special, it just means that they could take anything, say it's "backed", and then do whatever they want with it and leverage it 100 times over to make money from it.
The OP really doesn't understand what Bitcoin is and how it works. If he did, he wouldn't had come up with backing Bitcoin against something that has value. I'd say Bitcoin has value because people say so. It's the people who determine how much a Bitcoin is worth, just like any other thing in this world. It's all a matter of psychology where anything can have value as long as people believe it to be valuable. What backs Bitcoin's value is its decentralized and censorship-resistant nature. Being sound money no one can control, makes it extremely valuable. Not only that, but the limited supply and deflationary mechanism of the pioneer cryptocurrency makes it highly-desirable among any other cryptocurrency on Earth. BTC has proven to be superior than Gold, so it's probably it will stay with us forever. Just believe in Bitcoin and you'll see how it'll make you rich in the future. Just my opinion |
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Bitcoin was not designed to be a hedge against inflation, but the concept has gradually evolved due to its limited supply. When we compare available currencies, we only have fiat and Bitcoin. And, because fiat is unlimited and rapidly losing purchasing power, it is natural for people to seek refuge in Bitcoin and feel confident that their Bitcoin money will not lose purchasing power over time because no one can add more supply of it.
Bitcoin's purpose has been changed over the years because of its limited supply. It was designed to be "Peer-to-Peer Electronic Cash", but it's rather used as an electronic store of value by the masses. You can see how prices fluctuate constantly due to the speculative nature of the market. With this pace, Bitcoin will never be used as an alternative currency to existing Fiat. This would only change if Fiat is no longer used as the standard unit of account. If people began using Bitcoin regardless of its market price, everything would be different. At least, the Blockchain is alive and healthy as ever. As long as decentralization is prioritized, Bitcoin will last a lifetime. Just my thoughts |
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The COVID-19 pandemic only takes as much blame as the bad government policy does. The lockdowns weren't required, the money printing wasn't required either. The government could've taken mitigation efforts without shutting businesses down and causing entire industries to be shut down. Inflation effects the poor the most, so I understand why there are global protests. My point is, the anger should be directed at the government officials who decided they had the authority to cease any "non-essential" economic activity.
Of course. Governments' policies is what has mostly impacted the economy in the first place. Constant money printing and heavy spending has led us to the point where we are right now. The Russia-Ukraine war made matters worst, so it's going to take quite a while before things go back to normal (if they ever will). I couldn't imagine an scenario where hyperinflation would destroy Fiat in its entirety. If that happens, then we'd be doomed. My guess is that either we'll return to the Gold standard or switch to the Bitcoin standard altogether. No one can predict the future so we can only hope for the best. Just my opinion |
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A part of the control is taken by the global media. They influence people's opinions and they the market with their actions. We know it as FUD or FOMO and it works temporarily. But I would also say that the demand for Bitcoin is important. More acceptance, the more it is controlled by many people and maybe easier to read.
The media is usually manipulated by the government, so we shouldn't be surprised to see them spread FUD in order to negatively impact Bitcoin's market price. Depending on their interests, they can either liven up the hype or "destroy" Bitcoin's reputation altogether. The ones who really control the market are whales. Big exchanges and wealthy people are the ones included in this group. Prices either pump or dump depending on where they want Bitcoin's price to go. We can't do anything other than play by their rules. If you play it safe, you'll be able to profit within Bitcoin's ups and downs. Otherwise, you'd become "rekt" in an instant. I wouldn't worry about the price as long as Bitcoin works as intended. Just my thoughts |
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Okay, if I’m understanding correctly, if the United States shut off the internet then we would need someone in Mexico or Canada to confirm all transactions over radio, which would probably be impossible. Um, in what sort of reality does one live to think that the US or any modernized country would ever 'shut off the internet'? For virtually all countries these days ALL communications be it telephone, data exchange, video, etc. sooner or later runs through the internet so any country deciding to block the networks in said country is simply NOT EVER going to happen unless they want to commit economic suicide. As for any country being able to globally kill the internet, again that is simply NOT possible because by-design the networks WILL find other routes to re-establish the links needed to find each other. Taking down the Internet would mean taking down everything that makes our world go 'round. Governments wouldn't risk doing this just to shut off Bitcoin completely. They might "ban" the cryptocurrency to prevent people from using it, but they cannot enforce the rule of law when the same is decentralized by design. With the Internet, it's always possible to access the Bitcoin blockchain through other means. In the most extreme scenarios, sending/receiving Bitcoin over radio would be the way to go. But you'd still need internet access to broadcast the transaction to the network itself. We now have satellites which transmit Internet access to anyone, anywhere in the world (eg: Starlink) so it would still be possible to use Bitcoin even in countries where there's little to no Internet at all. What matters is that Bitcoin stays decentralized so that it could stand the test of time. As long as it remains as is, we should have nothing to worry about. Just my thoughts |
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Right, as long as there are no huge de-peg, I think Tether still looks good.
Perhaps all eyes are on the stable coins in the last couple of months because of what happen to Terra USD that's why they are being highlighted and the moment someone see it's de-pegging to supposedly 1:1 if become a huge news.
But as the title of this thread, it seems that it has recovered already, so no worries for now. And I guess Tether really knows that they are in the watchful eye so they will have to work double time and proved that they are not going to collapse by having reserves right away.
You've said it yourself. As long as there's no huge de-peg, Tether will do fine. There's always a risk tied to stablecoin investments. Without regulations being enforced on the stablecoins industry, investors would be nothing but doomed. Fiat, on the other hand, is a much better option. It's always stable and backed by the full faith and credit of the government. Stablecoins are just a tool for traders to make profit during crypto's ups and downs. They're not meant to be used as a safe haven for your hard-earned money. Tether's practices are quite shady, so I wouldn't be surprised if someday it goes all the way down the drain leaving investors "rekt" in the process. Just my opinion |
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The only way to get people to stop worrying and shying away from Bitcoin, is to banish the volatility aspet of it, naturally.
I put emphasis on the word "naturally" because you cannot force a monetary process to establish itself in a few short years. The price and users must gradually reach an inflection point on their own.
It is similar to implementing the Euro as the official European currency. By no means were the governments rushed to scrap their central bank currencies, they were give ample time (about a decade or two IIRC) to phase it in, in stages.
So Bitcoin, and anything that wants to follow it in market capitalization, must be introduced to the public in phases, which could take a very long time.
The rest of the altcoins that do not stabilize can disappear (e.g. Solana), I have no pity for them as they only serve to give larger cryptocurrencies (and crypto in general) a bad name in the news.
The only way volatility would "disappear" is if people began using Bitcoin regardless of its value in Fiat terms. That would mean ditching the "Fiat Standard" in favor of the "Bitcoin Standard". But this is very unlikely to happen since governments and central banks still have the leading edge over the global economy. As long as Fiat exists, Bitcoin won't be able to fulfill its purpose as a currency for cross-border payments. It's only useful as a store of value. If you really want stability, then stablecoins or cash are your only options. I hope someday Bitcoin becomes the global unit of account in order to truly decentralize the world. Just my thoughts |
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Well, we are seeing what is MATIC doing in the crypto market these days. Do you guys think ADA can also do that in the coming days?
Both ADA and MATIC are solid crypto projects that would probably last a lifetime. However, I think MATIC will gain the most adoption simply because it's compatible with EVM-based smart contracts. This means your favorite dApps and/or tokens on ETH can be easily ported to the Polygon (MATIC) chain. I cannot say the same about Cardano (ADA) because it has its own VM and programming language for smart contracts. It's something completely new out of the box. Developers are going to need to study the new language to launch dApps of their own on the Cardano blockchain. Performance-wise, both of these projects outperform Ethereum (ETH) in every way. No one can predict the future so we can only hope for the best. Just my opinion |
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Hello,
Is Terra Classic scam or does it have a chance of success?
Thank you.
I wouldn't say "scam" but rather a failed experiment that caused distrust against most stablecoins on the market. The project is being maintained by the community after Do Kwon decided to go ahead with a new version of the Blockchain (dubbed Terra 2.0). It's been quite some time after the community parted ways with the founder of the project, yet Terra Classic is way below its All-time-high of over $100 per coin. It's very unlikely the project will rise back to its former glory after what happened with the UST crash. I guess Terra Classic will become just another "meme" coin with no purpose other than being a purely-speculative instrument. I think it's best to move on to the next big thing in crypto just to be safe. Just my thoughts |
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paid Confirmed. Thank you DogecoinMachine and the rest of the Crypto.Games team! |
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