I wouldn't say "crypto" because not all cryptos are billionaires game and neither they are interested in all cryptos. But this is especially true for Bitcoin definitely. Being a pioneer cryptocurrency, bitcoin has always stayed in the center of attraction. So whenever billionaires or corporates have decided to go ahead with crypto investment, they have only chosen bitcoin, nothing else!

Jemie and Warren has already shown the way and Elon has taken it forward. But I think the crypto market will soon stop responding to these billionaires after learning from expensive mistakes.

There is no games in the world that are not rigged. It's just that few games are easy to rig than others. Sumo wrestling is definitely easier to rig than many other games because there are only two people who playes within the arena.

While I don't support fixing a match in any form or shape. You can still make good profit out of rigged game only if you have contacts with the right people. Otherwise you are doomed.

We all are shocked to see Elon's changing stance on Bitcoin. He is a reputable visionary more than a business monger and the crypto market is heavily impacted by his comments on bitcoin's energy usage and bla bla bla. We don't care about the stock value of Tesla but we do care about the value of bitcoin. So it's not a great sight to see how one person is playing with the market.

It's either pure stupidity or a trick to buy more bitcoins at lower price. We will see!

Nothing is impossible! Elon may or may not work with the enforcement agencies but there is no way to find out the truth unless and until Elon himself confirms that. But the market is reacting to Elon's action, because of the trust factor. Elon really is a remarkable visionary. That's the reputation he has exploited while giving a huge boost to cryptos.

But I believe, in sometime the crypto market will become immune from his comments and actions the way we have made ourselves immune from Jemie and Warren.

I believe you are referring to the memecoins that are all over the NFT market since last few days. This is temporary and people are just trying to make money while dogecoin is hot. NFT market will not stay stable for a long time so if you want to jump in, the time is right.

But if you wait to see the market matures, that may never ever happen. When people will understand that they are buying from bullshits to craps in the name of NFT, the market will die automatically. Possibly before 2021 ends!

I believe Elon has recently dropped the plan of accepting bitcoin as a payment method for Tesla.

https://www.nbcnews.com/tech/tech-news/elon-musk-backtracks-says-tesla-wont-accept-bitcoin-rcna918

Whatever Elon is doing is to create marketing gimmicks for his own brands and also the amounts of bitcoins Tesla is holding as a cash equivalents.

Another victim is late Dogecoin investors who had purchased at the level of 50 cents. I am sure Elon has invested millions into Dogecoin and  ow trying to get personal profit.

Match fixing is always a big scandal. There are many cases even in other games as well. In India, there were couple of cases surfaced in late 90s which actually put a hold on few famous cricketers' career including a long standing cricket team captain Md. Azharuddin.

Match fixing has happened in IPL as well and a lot of crickets were permanently banned from IPL for the rest of their life. These kind of fixing are usually done by someone extremely wealthy who can pay for the cricketers as well as bet to an extent where they recover the money and make profit out of it.

That's a negative side of gambling!

I am not sure if the hackers have asked ranson in cryptos. But since it is the trend, let's assume they did ask crypto payment.

This kind of incident definitely hurts cryptocurrencies in general. Not from the price perspective but definitely from the reputation perspective. Cryptocurrency is a trending subject right now and a lot of people are enquiring about it. Masses are flocking to the exchanges after  the tremendous marketing by Elon Musk.

In this situation, whenever there is an involvement of cryptocurrencies with something illegal, is going to hurt the reputation and probably discourage few people to get a hands on experience of crypto.

Nothing more!

That's pretty clear as daylight. CBDCs will actually take away our financial privacy once and for all. Cash still have a certain degree of anonymity but with CBDC, everything will go away. Every single transaction will be viewed by the enforcement and regulatory agencies and we will have nothing to hide at all. With CBDC, every single income of ours, will be visible to the tax authorities.

So I am not sure who is cheering for CBDCs at all. But it is because they could understand CBDC at all.

It's sounds really interesting! Are they targeting e-sports or real field based games? E-sports is already a huge market and highly competitive too. If they can do it in a correct way, possibly the platform will see success. But again, a lot depends on execution actually. Since it is a very new type of concept, they will have to select a market to test out the platform. Eventually it can be moved to other markets in future time. I will try to find more info about it because it sounds really interesting for a occasional gambler like me!

Do Binance has this kind of influence which can make a coin to come to the top 10 within one day of listing? If yes, then it's certainly bad for a claimed decentralized economy.

I also don't see an option to mine or stake this cryptocurrency anywhere. Is the only way to get ICP is through exchanges? Or there is any other way?

There is a new coin listed in CMC which immediately went up to the 8th position within just one day.

https://coinmarketcap.com/currencies/internet-computer/

The main company behind this coin is dfinity. Org. Which seems to be another coin with smart contract capability with great scaling opportunity. I mean we have many other coins of Similar sort.

What's special about this one?

These are clickbait articles without any substance to rely on. It's highly unlikely that bitcoin will be overtaken by any other currency at any point of time in future. There will be currencies which will give a little competition to bitcoin but there's no question of overtaking it. In real world comparison, it sounds like South Korea overtaking the economy of US. That's not gonna happen.

Pioneers always win in majority of the cases (there are exceptions obviously). But the way bitcoin has reached the crypto users and the way companies are using it as an alternative to cash reserve, there's simply no turning back for bitcoin.

It seems Mark is missing the limelight from a long time. Especially after his dream project Libra failed to take off, he has become very silent about the crypto matters. No wonder he wants to make fun of bitcoin through naming his goat. No need to take it seriously. It could very well be a mockery considering he failed in his crypto project and there hope of it in near future.

It's a classic case of gambling addiction and nothing else. It happens when greed takes over the mind and drives it. I am glad that the fellow has finally started taking medical assistance from the competent people. However, I don't why the gambling companies are to be blamed here.

Quote from the article,


If your greed lures you into something that has a negative impact on your finances, why blame the gambling operators when they are operating legally? Rather why not blame your own greed?

I wouldn't disagree here! Dogecoin is indeed meme coin without any real use case. Even the dogecoin developer has sold all his coins to buy a Honda Civic back in 2015. It doesn't have a serious developer team supporting this project. The recent surge in value has happened because Elon Musk supported it constantly. So there's no real reason behind its surge. So they way it has gone up, it may come back in a Similar fashion.

It's definitely not a currency to HODL. Just make some profit through trading and leave it.

Good news! When a big brand name like ESPN joins the blockchain based e-sports bandwagon, it will definitely create good awareness among the mass about blockchain and cryptocurrency in general. So it will be a net positive for us!

The e-sports gaming industry is already huge and new entrants like ESPN will take it another notch higher through their existing marketing channels. Fingers crossed!

That's a very risky proposition. I know bitcoin has shown extreme upside since last few years, but there arr coins which have outperformed bitcoin as well in terms of growth. However, having no diversity in investment can bring bad fortune in tough times.

So I will always advice to have some real world investment besides bitcoin. Gold and equity are great choices for investment and always have them in your bucket. At least gold will support your capital investment in tough time.

Bitcoin has become an investment asset more than anything else. It's not anymore a currency to the mass which is used for transactions over the internet. It's not anymore a system which lets you take over your finances from the money hungry corporates. It's not a revolution anymore!

Bitcoin has simply become an investment asset which has outperformed all other investment assets so far. So what Snowden is referring to, is true! Sad but true! It has become a way to be rich more than anything else!

Kind of good news but with few risk elements as well. If banks start accepting bitcoin that will create more awareness among the masses. But at the same time banks will start controlling a big percentage of cryptos under their custody which may further centralize the circulation of it.

But it is a net positive because the adoption of bitcoin will increase heavily among the mass and the businesses. That means more liquidity and a price increase could follow. We just need to keep the big corporates out from this game!