The money still is flowing into crypto.
MSTR selling convertible notes to buy $500M more of BTC, and last week they bought $800M
USDC printed $370M in the last 2 hours
And the biggest of all was yesterday we had a record $1B in inflows to the etfs.
Going to be a ATH every day.
It's all because of the "ETF hype". More money is being poured into the crypto market, which is a good sign for long-term "hodlers". But stablecoin issuers' recent move, should raise a red flag to the whole market. If all blows up, expect prices to go all the way down the drain in an instant. There will be a massive bloodbath never before seen in the history of crypto. I'd advise anyone to steer clear from stablecoins (particularly Tether/USDT) just to be safe. Only use them if you want to do day-trading or protect yourself against short-term volatility. Long-term speaking, you should consider cashing out your crypto directly to your bank account. Who knows what surprises we'll find in the future?  |
|
|
|
Maybe JP wants to accumulate bitcoin when it dumps. That's why he always creates FUD. The bitcoin price has grown without a major correction. So there is a huge chance of a dump before creating a new ATH. It's true; most likely, it will happen when all the hype is over. Investors will start liquidating after halving. This would lead to a major dump and correction before another pump. Since there are a lot of institutional investors already in the markets, they will make money, so they have to sell, obviously. So when they start re-entering, the price will start to move up again.
Prices are dumping at the time of this writing. I'm sure JP Morgan is taking advantage of the situation to grow its stack of BTC. Why should we follow someone else's opinion to make decisions? What JP Morgan said is true, especially when prices decline shortly after the halving hype. But the bank is emphasizing its comments hoping to cause a huge crash in market prices. Are we going to let it win? Or are we going to keep buying and "hodling" BTC no matter what? Noobs don't know how crypto works, so they will make blind decisions based on someone else's opinion. I've used to believe all the FUDsters until I've got tired of their schemes. With BTC growing bigger and stronger than ever, don't expect it to fail anytime soon. Who knows if it lasts a lifetime?  |
|
|
|
Campaign paid.
Another successful payment. Thanks a lot! |
|
|
|
I would like to know your views on the acts of repression of the crypto market: - Can crypto continue to thrive without the support of governments?
- Do you think governments can suppress and restrain the crypto market with their power?
- If you were the head of government, would you accept or reject the crypto opportunity for your country?
Governments already have the power to suppress crypto. They can do so by controlling centralized exchanges. It's no secret that most crypto is held by third-parties (private custodians). Only a small fraction of crypto (particularly BTC) is held on self-custodied wallets. So if governments like the US and UK want to destroy the crypto market, they can do so by shutting down CEXs (or prohibit them by doing business with US/UK-based customers). What they can't control is Blockchain networks themselves because of the way they were designed. If all of the world's countries went against crypto (which is very unlikely to happen anytime soon), it will survive as long as it remains decentralized and censorship-resistant. Of course, market prices will dip. But you can keep using the coin of your choice completely under the radar of the government. It's what's happening with Monero right now where most centralized exchanges are de-listing it. Market prices are low, but the XMR blockchain itself is alive and healthy as usual. Who said crypto was created to please banks and mainstream governments? Wasn't it all about "eliminating" the middleman? |
|
|
|
It hasn't gone into bull mode like BTC has, is there a reason?
What do you think about the future price of Polkadot?
I guess Polkadot hasn't brought the attention of mainstream investors yet. They're focused on the spot Bitcoin ETFs and the upcoming halving event in 2024. Besides that, investors are putting their money into rival smart contract blockchains such as ETH and SOL, leaving DOT behind in the dust. I've used to wonder why, especially when Polkadot has promising tech behind it. Parachains and Polkadot's modularity should make it one of the most scalable blockchains in the world. It could've challenged SOL and BSC by now. Maybe the upcoming Polkadot 2.0 upgrade will make things better? If not, don't expect prices to rise anytime soon. I'd invest a small amount of money into DOT just to be safe. |
|
|
|
The memecoin craze has returned in full force, with several meme-themed cryptocurrencies seeing massive gains recently. Leading the pack is PepeCoin (PEPE), which has skyrocketed over 60% in the last 24 hours.
Pepe is a memecoin based on the popular Pepe the Frog meme. It was originally launched in 2013 but gained renewed interest this year as the memecoin market heated up again. The recent price surge has made Pepe one of the top trending coins today, according to CoinMarketCap.
Other memecoins seeing big gains include Wif, FLOKI, SHIBA and Bonk. All doing impressive numbers over the weekend.
The return of memecoin mania also reflects the powerful momentum of hype and virality in crypto. Memecoins often have very enthusiastic online communities that aggressively promote their coin, fueling massive rallies. While memecoin investments are highly risky due to the volatility, the potential for explosive short-term gains is enticing many retail investors.
The comeback of memecoin mania is also indicative of the current bullish sentiment in the crypto markets. With Bitcoin and Ethereum recovering strongly in 2024 so far, investors are more willing to speculate on altcoins in hopes of parabolic returns. This is pushing up memecoins along with the broader altcoin market.
The big question is: which memecoin will perform best going forward this year? Could we see Dogecoin reclaim its former glory as the king of memecoins? Or will newcomers like Pepe, FLOKI, WIF and Bonk continue to steal the spotlight? I'll like to hear your views...
If you're willing to take huge risks with your money, then investing in "meme" coins should be a no-brainer. But I wouldn't advise leaving Bitcoin behind, especially when it's the major driving force of the market. I know many people want to get rich quick with crypto. But that's not the way it works. It takes a lot of patience and dedication to get what you want. "Meme" coins were created as speculative investments serving no purpose other than being a pure joke. Just because Elon Musk endorsed Dogecoin, doesn't mean "meme" coins are worth it. Unfortunately, the level of immaturity in the crypto/Blockchain space has led us to an influx of "meme" coins that moves us away from Bitcoin's original values. I sure hope this craze comes to an end, so people could focus on what matters most. It's not about the hype, but rather the usefulness of any given cryptocurrency. If the coin you've selected provides real use cases to the world, then it could last a lifetime. Just remember to diversify your investment, and there should be nothing to worry about.  |
|
|
|
Almost unnoticed, last night LTC crossed the $100 line again for the first time after the pre-halving rally in 2023, reaching a new YTD high of $104. It currently trades again below $100, but the tendency should be clear now. LTC is up >30% in the last 14 days, so the price is continuing to recover.
...
LTC is still undervalued considering that it went through a halving without any huge "pump" in market prices. All of the attention is on Bitcoin spot ETFs and the anticipated Bitcoin halving event. Meanwhile, Litecoin is being left behind in the dust. I'm saddened by this, especially when LTC is much more decentralized than ETH. Perhaps even more than BTC, especially when institutional investment companies are buying all of the coins. I'm waiting for the day when Litecoin becomes "Silver to Bitcoin's Gold". Maybe it will reach $1k sometime in the future? |
|
|
|
Dogecoin was created as a joke for crypto currencies. I think it has already done that purpose. Becoming a multibillion-dollar project for a meme coin is a joke to the industry when many fundamentally strong and utility focused projects failed to get a fraction of this market capital. These funds can be used for innovative purposes; instead, investors choose to invest in a project that has a picture of a doge on it. Are we heading in the right direction or will there be a massive shitshow with the meme project in the future.
People falling for "meme" coins like Dogecoins and Shiba Inu, tells us that the crypto industry hasn't even matured yet. Spot ETFs are a great start. But a lot of work needs to be done for crypto to be taken seriously among the masses. I'd say Dogecoin has succeeded in becoming a "joke" admired by everyone. Despite its popularity, it will never reach the level of seriousness either BTC or ETH has. The main reason why "meme" coins became a big hit was because of Elon Musk. He "pumped" Dogecoin with his comments. Now the market is flodded with useless "meme" coins that bring no value to the world. Why focus on something that's full of unnecessary risks? Instead of accumulating DOGE, people should accumulate BTC for good, long-term results. I won't be surprised if DOGE goes back to less than $0.01 after the hype ends. |
|
|
|
This would have been a good thing if the transaction fee is not out of proportion as the price of eth appreciate. No matter how good or sophisticated eth might be the simple fact that the fee is way higher than normal makes it unattractive to me. All attempt to scale eth has not really given any positive result. Unfortunately most l2 project will always use eth as base currency for interaction even if they will later introduce bridge to their network. If you are holding eth, it is good news seeing the price going up, but if you are to use it as trx fees then it will no longer be funny anymore. If only eth can appreciate in price and still maintain a low trx fee, it would have been better. Tell that to ETH developers who now made the cryptocurrency a "scarce commodity". Supply is getting slashed each time fees are burnt on the network. This makes ETH a deflationary asset just like BTC and Gold. Terrible for a Blockchain that's meant to be used for decentralized applications. If Vitalik really wanted ETH to be used more throughly, it would've kept the inflationary mechanism so fees stay low in Fiat terms. Now developers are forcing us to move to L2 networks which are less secure and decentralized as the parent chain. ETC and KAS are much better choices in my opinion. They're truly-decentralized, cheap, and fast to use. ETH is now "Wall Street's coin", so expect the worse in the long run. Despite the drawbacks, they won't stop ETH from reaching new ATHs over time. Just remember to never invest more than what you can't afford to lose, and there should be nothing to worry about. |
|
|
|
DCA is a good strategy. But in the case of Bitcoin, it does require a lot of fees in terms of fees. But everyone knows the solution to this issue; it all depends on how you prioritize. The options are as follows: 1. Increase the timeframe. Instead of weekly purchases, make monthly or quarterly or even semi-annual purchases. There won't be a big commission here. 2. Use Bitcoin equivalents rather than real Bitcoin. For example, lining-bitcoin or sovrin-bitcoin. Or wrapped Bitcoin on EVM networks such as Polygon or Arbitrum. Or BNB. This will really allow you to save on fees. But you have to pay for everything. The second option is bad for those who prefer to deal with real (native) bitcoins.
You can always do DCA through a crypto exchange that accepts deposits from the Lightning Network. Bitstamp is one of them. Fees on the LN are neglible, making it extremely-convenient for day-trading and micropayments. The only downside is that you'd need to pay a high on-chain fee once. It's the common rule of L2 networks. Hopefully, BTC fees will decline as developers introduce a series of network upgrades to "tackle" the problem. Just keep buying, "hodling", and forget about the rest.  |
|
|
|
It's not the banks who impose these rules, it's your government. Banks just want to make money, and they would make a lot more if they were able to take in money without any controls.
Banks work in tandem with the government to manipulate the economy to their own will. But the fact that Bitcoin is decentralized, makes these entities furious. They can't control it nor confiscate it (except if BTC is held by a centralized custodian). Don't think for a second that approving spot ETFs for Bitcoin is a sign that governments and big banks will leave it alone. This is just a move to boost countries' economies. But deep down, the aforementioned entities hate Bitcoin and they will do everything in their power to stop it. History has shown us their efforts have been in vain, so they've resorted to regulating it as much as possible. With strong regulations, governments will prevent Bitcoin from "ruling the world". I sure hope BTC stays decentralized to help stand the test of time. The future can't be predicted, so lets hope for the best. |
|
|
|
You made that NFT and you want to sell it. You can price it at any rate as you wish but one thing is, will there be anyone that's interested in buying it? So for you to attract sales, just do what the past NFT projects did. Many of them have incentives for owning their NFTs like dividends, secret invites to parties, etc. Just like that because if it's just a plain NFT, everyone is already awaken and understand the concept of having an image that's printed and owned through blockchain.
That's an excellent question. Making a NFT that would sell is a tough one. Especially when there are many people looking for "freebies". It's all about airdrops these days. Not sure if anyone would want to buy digital art without getting anything in return. You won't find my creations online, especially when they're truly-unique. Maybe that will attract buyers? Anyhow, I believe that launching NFTs on a popular marketplace and Blockchain network would help me "kickstart" sales ASAP. I've selected Polygon due to its low fees and fast speeds. If it wasn't because of ETH's unbearable gas fees, I would used it already. Wish me luck! |
|
|
|
People always expect that Bitcoin will rise after halving because once every 4 years, the Bitcoin block reward is split in half but demand increases, which results in a massive bullish market. This year there is a very different situation. This is the first time that Bitcoin got ETF approval and a massive amount of money flooded into it. Bitcoin ETF is as important an event as halving, so in fact, we are experiencing double halving to say it otherwise. Bitcoin will rise even higher after halving and in one year it will reach one of the highest levels of price. Then, it will definitely crash, that's inevitable, when the bubble grows too much, it has a limit where once that gets reached, the bubble will burst and price will crash.
Of course it will crash. It can't keep rising at a non-stop rate. We must take the opportunity to buy more coins at a discount when the crash happens. Once prices rise back up again, it'll be a good time to sell. But most people don't believe in market corrections. They want quick money without all of the pains associated with investing. I'm afraid most will get "rekt" due to poor investment decisions. The crypto market is like a rollercoaster ride. There are times where BTC and alts go up, and there are times where they go all the way down the drain in an instant. Who cares about what JP Morgan says? As long as Bitcoin "sticks" to the principles of decentralization + censorship-resistance, there should be nothing to worry about. |
|
|
|
someone said the US government is printing USD to buy BTC. it's hard to believe it because we know also the government wants to keep USD as the main currency but if they keep printing this fast, the inflation will be much higher. the issue with minting USDT is that Bitfinex has been very dubious with their transparency. there was a group of individuals requesting audits for USDT before and they speculated the amount of USDT is never backed by real USD.
it's a wonder why the company is yet still not called by authorities since other actors like Paxful were stopped from minting BUSD while they were proven to have backing.
If they're doing that, won't it make BTC more expensive in the long run? The higher the inflation, the more valuable Bitcoin will be. It's a dumb move to be honest. If the FED wants to make Bitcoin cheaper, then raising interest rates would be the way to go (contributing to a stronger USD). Tether/USDT's actions are totally independent from the US government. I think it's increasing the supply to manipulate the market to its own favor. After all, most crypto assets depend on USDT as some sort of reserve currency (besides BTC). Imagine what harm USDT will cause the crypto market if it goes all the way down the drain in an instant. It will be Terra/LUNA all over again. I'd steer clear from USDT unless it provides regular audits of its USD reserves. With or without USDT, Bitcoin will be here to stay. |
|
|
|
Most of the answers are very bullish and no one believes that bitcoin will correct after the halving but bitcoin often tends to go against the crowd. I just want to remind everyone that, when the ETF was approved, everyone believed that bitcoin would continue to rise higher, but the results after that were probably clear to everyone. I believe that scenario will continue to be reused by market makers. I don't care about JP Morgan's prediction, but the scenario of bitcoin adjusting after halving is completely possible and I have also thought about this. I'm still waiting for that to happen and we'll see who's right.
Exactly. Everybody's happily talking about BTC going up. But you will see the majority panic selling once there's a market correction. It could either happen this year, or the following one. JP Morgan could've said those comments to buy more BTC at a discounted price. Who knows? No matter what happens in the future, you can rest assured it will never go to $0. If demand stays high after each halving, BTC will become much more valuable in the long run. It's the best-performing asset on Earth. Maybe it will go as far as "toppling" Gold's market cap? |
|
|
|
For blockchain to use polygon is more preferable then for the marketplace have you check out Opensea.io or Playdapp.
Although I can't guarantee you of any trust since I have never used them before, I just made a quick search that is the first marketplace that was displayed for me, so maybe let those that are into NFT's sales confirm how trusted and reliable is that website before you trading over there for security purposes.
Yes. I've had OpenSea in mind. But I was hoping to get some insights on which marketplace had the most trading volume. In terms of Blockchains, I think Polygon is the clear winner here. Especially with its ultra-low fees and blazing-fast speeds. I'm yet to see if L2 networks such as Arbitrum and Optimism are cheaper than Polygon itself. Solana was another chain that came to mind. What I don't like its the constant network outages. Even if I choose a Blockchain and NFT marketplace, the real challenge would be getting to sell my NFTs. After all, only a few of them got extremely-popular (Pudgy Penguins, Crypto Punks, Bored Ape Yacht Club, etc). Crypto land behaves in many strange and bizarre ways, so I should expect the unexpected. |
|
|
|
Let's say I've created some NFTs and I want to sell them on any of the NFT marketplaces available. How do I know which marketplace is the most popular? And how do I attract sales? Also, which Blockchain has the highest NFT trading volume? If I launch my own NFTs (digital art) it would be on either Polygon or Solana chains. Any suggestions and/or recommendations would be greatly appreciated. Thanks. |
|
|
|
Do you know of any other Real World Assets (RWAs) on the Blockchain that are worth the investment? So far, I know of Tether Gold and Paxos Gold which are tokenized versions of Gold. But what if there's more? I'd certainly love to see a tokenized version of Silver, Platinum, Diamonds, etc. Do you think it's still early for RWAs to become a thing? Any suggestions and/or recommendations would be greatly appreciated. Thanks in advance. |
|
|
|
History has shown us that Bitcoin's market price goes up after each halving. But this time's different. Especially when institutional investment companies are buying up most of the circulating supply. BTC reached a new ATH right before the anticipated halving event of April 2024. Prices are going up, and everybody's happy. But what if there's a big market correction once the hype ends? According to JP Morgan, Bitcoin could go down to the $40k range after the halving craze is over. So we'll be seeing the inverse effect of what used to happened before spot ETFs became a thing in the crypto industry. You can read all about it here: https://www.theblock.co/post/279833/jpmorgan-bitcoin-price-april-halvingWhat do you think of Bitcoin's current situation? Will it retain ATHs after the halving? Or will there be a massive bloodbath in market prices? Do you think the halving is already priced in? What would you do? Sell or keep "hodling"? Your input would be greatly appreciated. Thank you. |
|
|
|
So far, I've only ever bought and been interested in Dogecoin and Shiba. I think that these two coins are the most popular memecoins, and it might be difficult for them to be scams. However, a lot of people benefited from dogecoin and Shiba when Elon Musk hyped these coins. If I want to buy Dogecoin, then I think about buying one or both.
Wasn't Dogecoin the only "meme" coin that brought Elon Musk's attention? Shiba Inu came after Dogecoin went all the way to the moon back in 2021. It was a failed attempt to make early investors rich in the long run. Just because one "meme" coin "pumped", doesn't mean the same will happen with other coins. I consider SHIBA and the likes to be nothing more than pure copycats of DOGE. They will eventually fade away into oblivion as people move on to the next big thing in crypto. Why hold onto something with billions of units in circulation? This added inflation should negatively impact market prices over the long term. It's simple economics. Hopefully, people start taking crypto seriously as a means of payments instead of a speculative investment. Just my two sats. |
|
|
|
|
Show Posts
