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A lot of people are divesting themselves of bitcoin, as they doubt that alternate currencies will rule the crypto space in future, Whales are soaking up their coins. Its hard to say which way will the market will turn in future. but yes. It seems meaningful that we should go with the whales, If they are buying there must be some reason, So don't sell but buy... keep hodling
Weak hands will ultimately sell their BTC, giving a huge advantage to the whales. Only "diamond hands" will "HODL" no matter what. Despite the downfall in market prices, Bitcoin is still a better choice than Fiat. You should think about the long-term to see actual returns in your investment. If you do that, you'll notice that Bitcoin works great as a safe haven. Set yourself forward 10 years from now, and BTC's price would probably be a lot higher than what it is right now. I'd take advantage of the bear market to buy as much discounted Bitcoin as possible. If predictions come true, then it's possible you'll become extremely wealthy in the future with BTC valued at $1m per coin. 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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I do agree with you, in fact, I think why the shiba inu price drives up is because the hype and big exchange started to pick it up. and the rest of it just simply a meme coin. Dogecoin in the other hand still have own blockchain that provide a low fee than bitcoin which is why the dogecoin still stand up these days.
What's going to eventually "kill" Shiba Inu are the high gas fees of the ETH blockchain. It would've been better if developers made a blockchain of their own for SHIBA in order to provide cheaper fees and faster TX confirmation times. Without its own blockchain, the token would be subject to the underlying blockchain's limitations. The problem is not only the gas fees, but also the large supply of tokens in circulation. There's "hyperinflation" "baked" into the token itself. I fail to see how SHIBA will reach way above $0.01 with these downsides. Dogecoin is a better option, but it's still a "meme" coin. If only people focused on quality cryptocurrencies like Bitcoin and Ethereum instead of worthless "shitcoins" like SHIBA, DOGE, and APECOIN, things would've been different in crypto land. Money talks, so expect the unexpected in this wild and crazy world of crypto. Just my opinion  |
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Once they had step their foot into this market then they should at least make themselves fully aware on how volatility works and how unpredictable market do really looks like though for starters then it is really normal to commit out some mistakes or errors but if you are constantly making out mistakes despite of the long duration you've been here on this market then there's something wrong with you.
Doubts about other matters is normal but most of the time this would be talking emotional aspect.We arent that dumb on not to notice out those common things attached and
what problems it do causes and on the time they are seeing this market is declining then this is where they do start on freaking out and making such conclusions which arent even
realistic.
Noobs are mostly driven by emotions rather than facts. They only want to get rich quick, so their expectations is for Bitcoin to continue rising in price at a non-stop rate. But you and I know that's not the way it works. Bitcoin isn't actually dead, but rather experiencing a temporary downfall in price that would lead it towards higher gains in the future. This is a period some call "market correction" or "crypto winter". We should take advantage of this opportunity to buy more Bitcoin at a discounted price. There's more to the cryptocurrency than meets the eye. With how fast Fiat is losing purchasing power due to inflation, people will ultimately resort to Bitcoin as a safe haven. It's the next Gold that will take the world by storm. Let me tell you that Bitcoin's been declared "dead" many times, but it always went back bigger and stronger than ever. When BTC goes to $1m, we will remember this day when it was "extremely cheap" to buy. Just my thoughts |
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Ethereum made its way as a pioneer to make smart contract works like a charm within cryptocurrency spaces, without a doubt it might be the leading one. But, that doesn't mean there is not any development or progress that being made within the Bitcoin ecosystem.
If we take a look at the RGB protocol or Taro, the project may be in its infancy, but still, progress is still being developed, so we could see the potential of smart contracts exists in the Bitcoin ecosystem.
There are many smart contract projects built on top of the Bitcoin blockchain. But they're separate solutions. The main Bitcoin blockchain has only one function and that is to serve as a currency anyone can use as payment for goods and/or services. It would be insane to use the main chain for the Web, as that would increase fees by a large margin. Only sidechains and/or off-chain scaling solutions will do the trick. With the RGB Protocol, Taro, and even RSK, we don't need to look elsewhere. Jack Dorsey's dream might come true if Web 3.0 is perfected, but I think we're still too early to talk about the next iteration of the Web. Who knows what the future holds for this emerging industry? Just my opinion |
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Stablecoins are used for trading, not holding. You would not want to be caught by anything bad that could happen if ever they broke down.
It makes trading easier and that's the only purpose I could see for their existence. The other one may be the for ease in withdrawals for countries that is not accepting other cryptocurrencies.
If you want a crypto asset to HODL there are great choices instead of something that is pegged with $. I'd rather keep a fiat dollar than a crypto.
Exactly. No one would take stablecoins as a serious long-term investment after what happened with Terra's UST stablecoin. They're only useful for day trading, but that's it. If you're keen on saving your money for a rainy day, then look no further than cashing out your crypto for Fiat. You're safer with banks than you'll ever be with a private company. Governments need to up their game by regulating the entire stablecoins industry. Only then, investors will be confident their money is safe no matter what. There are many stablecoins on the market right now, but only those that are "collaterized" are most likely to survive in the future. As long as you play it safe, you'll have nothing to worry about. Just my thoughts |
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Winners! Lot 1: Lot 1 0.0002
Lot 2: Lot 2: .0003 btc
Lot 3: Lot 3 0.0001 BTC
PM incoming soon. Thank you all for participating. |
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Pretty funny how everyone is jumping on crypto coin game... Even IHOP now has "PanCoin"  "Crypto-Pancake"  Lol. I wouldn't be surprised if major fast food chains also jump into the crypto/Blockchain train. Would anyone want a McBitcoin burger?  |
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The war and the pandemic contributed to inflation such that they caused the most irresponsible fiscal policy seen in modern history. Most developed countries locked down their economies and provided stimulation through money printing which caused the foreseeable result of inflation.
The pandemic/war would have caused supply chain issues due to low supply and high demand, but the prices would eventually stabilize once the supply normalized. Government induced inflation by virtue of money printing will cause permanent price increases irrespective of the supply chain logistics. Once the money is injected into the economy, it will be there forever.
Well the majority of people are either poor or middle class so it's normal to see protests spread across the globe due to ever-increasing inflation rates. We can blame the COVID-19 pandemic and the Russia-Ukraine war for this. Unless these two cataclysms disappear, things won't go back to normal. I sometimes wonder how major governments are going to control inflation when its soaring towards unprecedented levels. If the world experiences hyperinflation, then chances for recovery will be very slim. Imagine a global economy with "eternal inflation". It will mark the beginning of a non-stop recession which would be the first of its kind in human history. I'd say governments step up to the game by dealing with COVID-19 with a heavy hand. That means lockdowns and full-scale vaccinations in order to contain the virus for good. As for Russia, it would be best for NATO and the EU to step in to end the conflict for good. Unless someone does something about it, things will only get worse. Just my thoughts |
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The one that EU need the most is energy, they are all dependent to gas but they also wanted the world to stop extracting gas/fossil fuel. Actually its not just them, everywhere in the world needs gas to power up the cities.
Didn't they also printed EUROs last Covid? The problem with printing banknotes while your currency is not the reserve currency is that, its your country that is affected the most unlike with US printing USD is that every country suffers the inflation.
The EURO is weakening thanks to the COVID-19 pandemic and the on-going Russia-Ukraine conflict. Russia's decision to cut Europe from gas/energy supplies, will greatly undermine the region's economy. The US Dollar is still the world's reserve currency, anyways. For things to get back to normal, COVID-19 and the Russia-Ukraine crisis must disappear for good. Things don't look bright right now, so we should expect further declines in EUR's value. Ironically, the Russian Ruble is back on its feet after sanctions imposed by Western countries and the EU. I guess sanctions really backfired, putting the rest of the world in peril while Russia grows bigger and stronger than ever. Let's see what will happen during the course of the year as the conflict between Russia and Ukraine intensifies. Just my opinion |
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As long as big investors are supporting ETH, it is hard for ETC to become the largest cryptocurrency in terms of market cap. Everyone will be riding the market as long as they are getting the profits even if ETH becomes centralized, then again they were centralized in making decisions even with POW which is evident with the split with ETC when there was a major hack. Even in the case of switching to PoS completely without any major bugs, which is highly unlikely and the market getting more centralized there will be investors pouring in millions, next four years is interesting as we could see some major changes in the market. Money talks so investors will prefer ETH over ETC even if the former becomes centralized. Those who really care about decentralization will have no choice but to switch to ETC or create a fork of their own. I'd certainly don't want to see another Ethereum fork because that would undermine its value. Just like how Bitcoin Cash, Bitcoin SV, and eCash took away a large portion of Bitcoin's value, the same might happen with ETH. It would be surprising to see another fork that would be the "best of both worlds" by incorporating PoW and PoS as the standard consensus mechanisms of the Blockchain. ETC could remain as the PoW chain of Ethereum, while the new fork would go hybrid. Innovation is certainly happening in the crypto/Blockchain space, so it's likely the PoS version of ETH will last for a long time. Everything is open sourced these days, so changing the main ETH blockchain's consensus mechanism wouldn't matter anyways. Just my thoughts |
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I think $25K this month is realistic, even $30K by next month, if the bottom is in that is. Otherwise not much hope to see higher than that. By Q3 price could quite easily reach $50K based on a 2019 style dead cat bounce (few people realise this fortunately). Currently I'm at 40% believing the bottom is in, but by the end of the week that will likely be 60-80%: No one knows what will happen in the long term. The market is completely unpredictable. Either Bitcoin goes up or down in an instant. I think Bitcoin will continue to decline during the course of the year because of the deteriorating global economy. Until inflation is put under control, don't expect Bitcoin to reach a new All-time-high anytime soon. At least, the Blockchain is alive and healthy as ever. As long as Bitcoin works as intended, nothing else matters. Who knows if someday we see the light at the end of the tunnel? Just my opinion |
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Some governments are afraid of bitcoin, because their national fiat currencies are weak and valueless, what can encourage citizens to stop dealing with fiat and adopting bitcoin for every daily transactions. In case that happens, the local economies will collapse temporarily and that is the reason why I think some governments are so concerned about bitcoin adoption. In fact, they just need to learn more about bitcoin and open their minds to new ideas that could help them improving the life quality of their people and financial standards. They should follow the steps of innovative countries which are ahead in technological and social matters, also adopting a friendly stance towards bitcoin.
Indeed. Governments are afraid of Bitcoin simply because it poses as a threat to the very existence of Fiat. They believe people will "ditch" national currencies in favor of sound money no one can control (Bitcoin). That's the reason you see most governments telling the public that Bitcoin is used by money launderers and tax evaders. But the truth is that Fiat is the one that's mostly used for criminal activities. With Bitcoin, such activities almost non-existent thanks to its transparent Blockchain ledger. It's so much easier to track and trace malicious actors on Bitcoin's blockchain than paper money (Fiat). Even though adoption for Bitcoin increased in some countries, Fiat is still "King". I'm fine with that as long as decentralization wins in the long run. Who knows if governments give up in trying to destroy Bitcoin completely? Just my thoughts |
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To me both look good, investing in gold first or BTC later, but I'm confused by the current market conditions especially in terms of ROI, who is the fastest to move on?
The fastest to move on is Bitcoin. It constantly fluctuates in price, making it extremely useful for day trading. If you know how to "play with the market", you'll be able to make a lot more money with Bitcoin than Gold alone. The latter is much more stable and trusted by many people worldwide. It's the oldest store of value in the world that can be used in times of need. I'd "hodl" both Bitcoin and Gold for complete peace of mind. When there's no Internet access or electricity, Gold comes to the rescue. But when you want portability or privacy (sort of), then Bitcoin becomes a true winner. What to do with your money is entirely up to you. As long as you invest wisely, there should be nothing to worry about. Just my thoughts |
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No one can predict what the future holds for this project. Because it's just a meme coin and it's hard to say how long the hype will last in the market. Because this coin doesn't even have its own blockchain, making this project no different from other projects. So instead of this project, you can research other more solid projects which can give better results.
All cryptocurrencies are widely unpredictable. But there are some that are doomed to failure because of the way they were designed. I believe Shiba Inu is one of those coins that will ultimately fail simply because it doesn't have a Blockchain of its own. Not only that but it's also a highly-speculative cryptocurrency with no substance to it. Shiba Inu is merely a joke just like Dogecoin and the rest of the other "meme" coins being traded across exchanges today. Besides, there a billions of coins in circulation. What makes you think SHIBA will rise in price with a very high inflation rate? People should do their own research before putting all of their life savings into something that's overhyped. Most people are greedy so they will buy this coin with the hopes of becoming rich in the future. At least, Bitcoin will survive. And that's what matters. Just my opinion |
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Can I choose nothing?
You have a very strange choice. ApeCoin (APE) I would skip, but Sand needs to be studied more thoroughly, because it is a serious project of the metaverse.
But the metaverses are not working the way we would like and are not as popular right now.
If I'd choose between the two, I'd pick SAND. The Metaverse holds potential to radically change our society in ways that were never imagined. ApeCoin, on the other hand, is a "shitcoin" that's entirely driven by hype. There's really no substance to it. It's just like Dogecoin, Shiba Inu, and the rest of the other "meme" coins being traded on the market today. People jump into these coins with the hopes of becoming rick quick. But that's not the way it works. I'd focus more on solid projects with a proven track record of development and innovation. Remember, it's not about the hype but rather what real use cases a cryptocurrency provides to the world. There are so many coins, yet only a few of them are actually useful. 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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What do you think about stablecoins, some scandals around them and their future? It is interesting to hear the opinion of the members of bitcointalk
I wouldn't recommend relying on stablecoins as a long-term solution to protect your capital, simply because they're not backed by the government. Without regulations being enforced, how can you be sure that your money won't go down the drain in an instant? What happened with Terra's stablecoin (UST) should be more than enough to avoid stablecoins in their entirety. They're only good for traders in order to avoid all of the hassles of cashing out directly to a bank account. Other than that, I'd suggest anyone to look elsewhere. If you're keen on saving your money earned through crypto, then your best bet would be to sell your coins for cash. There's no other "safe" way you can do this. Until regulations are enforced, stablecoins will prove to be extremely-risky assets doomed to failure. Just my opinion |
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Elon cannot really change the market as much as he thinks he could. Sure, it has been a "bad" market for the past 24 hours, but bitcoin has been 10%+ higher in the past week, and ETH has been 30%+ higher in the past week as well. So, just realize what you are doing and that would be something much better.
In the end, crypto is not in the hands of just one person, it's in the hands of many people and that is why there isn't any type of situation where people could end up selling or buying and creating a chaos in the market that would benefit them. Elon is doing that, he always says he bought it when he needs the price to go up, and says he sold it when he needs it to go down, and that manipulation stops eventually.
Crypto may not be in the hands of one person, but that doesn't mean an influential person like Elon Musk can't manipulate the market to his own will. There are many people following Mr. Musk simply because he's rich. You can see how Elon Musk's praise towards Dogecoin had a positive effect over its price. Remember when he criticized Bitcoin's "high energy consumption", causing a short fall in the cryptocurrency's price? If anything he says or does has an effect over the crypto market, then we'd easily know when to buy or when to sell our coins. So far, Musk's strategy's been working. But it may not last for long if people get tired of him. The company selling 75% of its BTC holdings didn't have a negative effect over the cryptocurrency's price, anyways. Let's just turn the page and focus on "building" to make crypto/Blockchain land a better place. Just my thoughts |
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