I don't think that anybody can tell for sure now if the bottom has been reached or not. That will be something we'll know when we'll look back after we are certain we're back in bull run.
What I'll do for now? I won't necessarily buy more, instead I'll try to avoid selling the coins received from signature campaign. Still something...
Bitcoin's prices have been acting like crazy these days. It stays between the $19k - $20k range with no indication of going up anytime soon. If buy pressure remains low, then it's possible BTC will slip below $19k. Considering that the global economy is in taters, it's going to take quite some time before BTC will experience a new All-time-high. We've yet to see how the market will react after the BTC halving in 2024. All we can do now is buy, "hodl", and wait until everything goes back to normal. Selling your BTC now will give power to the whales. Who knows what the future holds for the entire crypto/Blockchain industry? Just my thoughts  |
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From my perspective only a phrase marketing.
To be honest, the problem with Web2 to Web3 is the migration, most of users who is using "Web3" only from Crypto side. People are still stuck in Web2 and they think just using Web2 is already enough.
Since, they all know cryptocurrency is a little bit complicated.
Web 3.0 hasn't been thoroughly adopted by people worldwide, yet they're proposing a new version that will truly decentralize everything. I think we should wait a little longer until Web 3.0 matures before thinking of its successor. Based on what Jack Dorsey said about Web5, I think the only way it'll work is by using Bitcoin's Lightning Network. Otherwise, the main chain will become so clogged, TX fees will be ridiculously high. How to make people abandon the old Web 2.0 in favor of Web 3.0 is an excellent question. Crypto/Blockchain tech is just starting to blossom, so anything could happen in the future. Just my opinion  |
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I don't think Elon is the type of guy to let his investment go to shit. Dogecoin has been my biggest hold for all of this year as it is the best coin to actually be used as a currency. BTC is too slow and ETH is too expensive; DOGE is just right for transacting. Plus, you can also use it to make NFTs for super cheap. Dogecoin's price will stay afloat as long as Elon Musk is holding and supporting it. The moment Elon Musk abandons Dogecoin for the next big thing will be such when market prices will go all the way down the drain. I've always loved DOGE not because it's cheap, but because of the friendly and vibrant community behind it. No matter how much DOGE will be worth in the future, it simply won't disappear because of strong community backing. The thing about NFTs on Dogecoin is new to me, but could be quite revolutionary (especially when TX fees are dirt cheap). Who knows if the next bull market will pump DOGE's price all the way up to $0.50 and above? Just my thoughts |
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No, it cant hold for long, its printing money and do you really think that they will use their own money to bail out people if USDD value crashes?
If they're printing more USDD, then you can bet the stablecoin's peg will fall in no time. Tether did something similar a while ago, where it printed more units of the stablecoin for no reason. It raised alarms of getting de-pegged from the USD after "magically" inflating the coin's supply. Fortunately, Tether stopped doing such practice after the UST collapse. I hope USDD doesn't take the same path as its counterpart (UST) or the crypto market will suffer. We need as much legitimate stablecoins as possible in order to attract as much investors into the crypto market. Regulators are paying close attention to the development of stablecoins, so it should only be a matter of time before the whole market is cleansed. Who knows what will be of USDD in the future? Just my thoughts |
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What the crypto market has now shown, in a situation of a protracted, really difficult, and really global crisis (Covid, war), confirms my assumption that bitcoin is not a "safe haven" and an attractive investment asset in times of crisis. You will say - "so, just recently, billions of dollars were poured into it! Many people got rich!..." Yes, it was, but in 2016-2018 there was no real global crisis. There were local pockets of problems, and there was cheap and affordable money. And then, even in the conditions of the cryptocurrency hype, speculation with cryptocurrency looked really attractive. Now, when many countries do not know how to prepare for winter, others do not know where to buy grain and food now to meet domestic needs, and still others have lost millions of relatives (from illness, from war), they are investing in really demanded areas. These are food, oil and gas, alternative energy and the production of solar panels (the list is by no means exhaustive). But bitcoin has become useless to anyone ... Because it does not represent real value and significance for the real market. No, I even believe that it will cost 1 million dollars, but this is not now, not here, and maybe not bitcoin Bitcoin has performed terribly during the COVID crisis, but that doesn't mean it's the end of the world. I think the main issue here is that the world is still stuck with the Fiat standard. As long as people use Fiat as a unit of account (mainly USD), Bitcoin won't be going anywhere soon. By itself, Bitcoin is a stable cryptocurrency that's the ideal safe-haven asset for anyone, anywhere worldwide. I'm hoping the day comes where people pay for things using Bitcoin directly instead of converting it to Fiat. For instance, you'd pay 0.0001 BTC for a cup of coffee without having to worry about how much its worth in terms of Fiat. If people did that, volatility would no longer become an issue. Some say the economic recession has already started, so expect further price drops until the world decides to abandon Fiat for good. Just my opinion |
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There aren't signals we are gradually approaching to the end of bitcoin. We are just living a bearish market and that is all. Bitcoin is still being used, adopted and endorsed by lots of investors and businesses. Some people are buying their first coins, while others are growing their holdings and others are launching their crypto related businesses. The market has slowed down, but hasn't stopped.
I believe if bitcoin was going to die, adoption and price would be in much lower levels. Moreover the number of crypto companies going bankrupt would also be higher, instead of some isolated cases we are seeing for real.
Market prices don't determine whenever a cryptocurrency is alive or dead. What really determines the "death" of the coin is the community. If the Blockchain experiences a decline in the number of nodes and miners supporting the cryptocurrency, then you can bet it will die soon. So far, Bitcoin's been doing well with a wide number of miners and nodes backing it every step of the way. The network is still going strong despite the on-going situation with the crypto market. The downfall in market prices is only temporary as a swift economic recovery will get us back on track. I think the next BTC halving will have a profound effect over the cryptocurrency's price. Bitcoin will probably be in "bullish" mode since investors will be buying more coins due to added scarcity. Of course, we cannot tell what will happen in the future as crypto is widely unpredictable. I'm pretty certain Bitcoin will survive thanks to its decentralized and censorship-resistant design. Just my thoughts |
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If decentralization is such a priority for Ethereum, why does the network strive for PoS, which implies centralization. After all, if you own tokens in the network, then you have voting rights, but since tokens are unevenly distributed and there are many whales with big wallets in the network, it turns out who has more tokens has more voting rights and thus influence over the network. In my opinion, if ETH ever launches PoS, the network will move far away from notions of decentralization.
I was assuming ETH was going to remain a PoW cryptocurrency due to the constant delays of the difficulty bomb. But I've seen Vitalik's insistence on PoS, so it should only be a matter of time before the network switches to the new consensus algorithm. As you've said before, PoS increases centralization of the Blockchain as it gives whales voting rights with their huge stack of coins. Mainly, big exchanges like Binance, Coinbase, and FTX will be able to control the ETH blockchain with their stake. This is bad because it leaves the "little guy" out of the system. Of course, there will be staking pools that will allow anyone with less than 32 ETH to earn coins over time. But that doesn't mean you will be able to participate in the network's consensus (only validators with 32 ETH will be able to do so). I guess that you get what you pay for (high gas fees in exchange for decentralization/censorship-resistance). ETH 2.0 will have lower gas fees, but it won't be as decentralized as the original version. At least, we have Ethereum Classic. If Ethereum (ETH) fails, then Ethereum Classic (ETC) will be able to save the day. Just my opinion |
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The President hasn't sold a single Bitcoin yet, so I'd say El Salvador's investment is still intact. As I've said before, you can only lose money if you sell your Bitcoin. It will never go to zero because many people still trust it as an alternative to the current monetary system. Long-term speaking, Bitcoin should go up in Fiat terms as the latter collapses due to ever-increasing inflation rates. I'm certain El Salvador will become a developed country in the future due to the adoption of Bitcoin as legal tender. That is assuming President Bukele stays in power. If he loses re-election, then its probable the new President will ditch Bitcoin altogether. What matters is that Bitcoin stays true to its roots so that it could bring banking to the unbanked. Who knows if someday Bitcoin becomes the standard unit of account used by many countries worldwide? Just my thoughts |
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I'm auctioning one (x1) Bitcoin knife with its corresponding Certificate of Authenticity (CoA). It was made by iLuvBitcoins. The knife is in mint condition, but the CoA is a little bent. You'll be getting knife #3 out of 50 only made.
   
(click thumbnails to enlarge)
STARTING BID: 0.0005 BTC
MINIMUM BID INCREMENT: 0.00026 BTC
END TIME: JUNE 11, 2022 1:00:00 PM EST
**Payment due within 24 hours after the end of this auction**
SNIPE: Any bid made in last 5 minutes will extend the auction 5 minutes beyond the ending time.
If within those 5 extended minutes, a new bid is made, 5 minutes will be added to the auction from the time of that bid.
PAYMENT: Bitcoin -> 3C73jM8AVhzQVXSpNdddLZwa9ey7qEynoh
Shipping: Worldwide (except Russia and Ukraine) through minerjones at buyer's expense (you pay the item to me first, and then ask minerjones for a shipping quote).
Countdown timer: https://www.timeanddate.com/countdown/generic?iso=20220711T13&p0=793&font=cursive&csz=1
Thanks for looking. |
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A while ago, Jack Dorsey proposed a new solution to truly decentralize the web. He calls it "Web5". Apparently, this will be Web 3.0's successor powered by the Bitcoin blockchain itself. From a maximalist point of view, this would mean Bitcoin will be used for everything you do around the web. It will act not only as a currency, but also as a platform for decentralized applications, ownership registry, decentralized identities, and more. Isn't this what Ethereum and other copycat smart contract platforms (BNB, Cardano, TRON...) are doing? If so, then "Web5" would be no different than "Web 3.0" itself. It could be a catch phrase to lure as much investors into Jack Dorsey's little project. What do you think? Is Web5 really a catch phrase? Or is it completely different from Web 3.0? Do you think we may be too early to replace "Web 3.0" even when the world is stuck with Web 2.0? Your input will be greatly appreciated. Thank you. |
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Bitcoin seems to be struggling to get past $20k - $21k over the past days. There's a possibility it could go further down the drain due to the worsening of the global economy. Some say BTC will go all the way down to $15k within a matter of months, while others say BTC will be worth less than $10k soon. The market is extremely unpredictable right now, so it's hard to tell if BTC has reached the bottom, or if there's still room for a further downtrend in price. I'd be surprised if BTC continues to fall down in price all the way to $8k and below. Our only hope would be the next BTC halving and a swift recovery of the global economy. What do you think? Has BTC reached the bottom? Will you buy more regardless of BTC's current market price? Your input will be greatly appreciated. Thank you very much. |
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I've read somewhere about the US proposing a ban on cryptography/encryption algorithms for good. Doing such a thing will not only mark the end of privacy, but also traditional cryptocurrencies we know and love today. Bitcoin will be the one cryptocurrency mostly affected by the government's measures. Imagine if other countries do the same as the US to try to prevent people from obfuscating their utmost sensitive data. How will developers carry on with crypto projects if the whole space will be deemed illegal? Their only option would be to continue developing "under the radar", but we all know this won't work especially when most crypto projects have their team members' identities publicly viewable across the web. That said, do you think BTC will still survive after an encryption/cryptography ban comes into effect? Will such a law be approved by the US and other countries? What will be the implications for the development of the crypto/Blockchain industry? Your input will be greatly appreciated. Thanks. |
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The market has been on a downtrend for quite a while now. Bitcoin, as well as other cryptocurrencies have seen their value wiped out within a matter of days. Investors are quite disappointed with how prices are falling at a fast pace. Some are beginning to believe crypto is dead (which we know that's not the case), while others see this as a huge buying opportunity to buy lots of coins at a discount. One of the coins that was severely affected is Dogecoin. The "meme" cryptocurrency has seen its price up go mainly because of Elon Musk hyping it across social media platforms. But right after the Terra/LUNA and Celsius scandal happened, things have changed. Elon Musk has been silent (as far as I'm aware) for quite a while. Without someone to "pump" Dogecoin, prices will continue to decline like there's no tomorrow. The coin is changing hands at around $0.05 (at the time of this writing), but it could fall lower if BTC dives lower in price. I'm wondering if DOGE will go back to sub $0.01 prices ever again? If it never does, will that mean DOGE will someday go all the way to $0.50 per coin? I'd like to know your thoughts about this. Your input will be greatly appreciated. Thanks in advance. |
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I love pancakeswap and uniswap and all of that, but I just want to have a swap that has absolutely none of that. Obviously it will require a liquidity in order to be a DEX, but that could be attracted from all routers that is possible, and find the best rate?
So what I was thinking; a swap where you can swap any token in many chains. For example if you want to make a swap in ERC20 then it could use uniswap, or any other swap and their liquidity and search for the best one and whatever would give you the best return it will use that. If you want to do BSC then it will use the list and check the best rate there and would help you swap it.
It is quite similar to what metamask has, metamask has a swap feature as well where you can turn your tokens into other tokens using metamask, but they actually use other dex places liquidity to do, so you are using metamask but in reality you are swapping on 1inch for example.
I just want a website like that. It would have 5 chains for now, maybe add more later. It owuld check dozens and dozens of decentralized exchanges, find the best rates for you, and help you swap your tokens to any token you want with the best rate. And it would not have any native tokens because it is using other places liquidity anyway.
Is this possible?
It is possible to create a DEX without a token. But without any form of incentivization or way to collect fees, how do you think your DEX will survive? Some DEXs use the underlying blockchain network's native token to pay for fees and whatnot. Others have their own token that's used for governance purposes. The thing the OP said about swapping any token using other DEXs as liquidity providers sounds more like cross-chain atomic swaps to me. This already exists but I believe it's still experimental. atomicDEX is one of those DEXs where you can swap almost any coin or token by using atomic swaps. Fees are subject to the coins' underlying network congestion, though. We're still in the early stages of DEX adoption, so any idea or proposal to help improve the sector would be of great benefit to the community. Just my thoughts |
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Lately I am doing a lot of analyse on the tron blockchain, the old and the new dapp's developed. I don't know if you are familiar with trx dapps but most of them are dead or a big lack of developement. Myself I see tron as a better alternative to bnb(shit)/eth(shittier), but it seems the masses don't want to accept it or use it.
Why do you think Tron network is not being used to its high potential?
pls no spam replies
I wouldn't say "dead" but more like "dormant". TRON's founder may be shady, but the network is still being supported by the community. Decentralization is what has kept it afloat so far. The problem with TRON is that most developers aren't that interested in building dApps and/or tokens on it. They're focused on the big players such as Ethereum, BNB, Cardano, and Polygon. Without quality dApps on the TRON blockchain, demand for the TRX cryptocurrency will be little to non-existent. I'd say TRON is often undervalued with its blazing-fast transaction speeds and dirt-cheap fees. Market activity and the network itself are still healthy, so it's likely the cryptocurrency will last for a long time. Who knows what the future holds for TRX? Just my opinion |
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It's simply because it's too early for it to become an inflation hedge. There's a potential for bitcoin to be an actual inflation hedge once adoption is high enough to the point that it will be difficult for it to have price spikes in both directions.
People should be saying "bitcoin could potentially be a good inflation hedge in the future" rather than "bitcoin is an inflation hedge". The latter being false, at least as of today.
Couldn't agree more with you, mate. Bitcoin is still in its infancy. Even though it has come a long way since its inception 13 years ago, there are still a lot of things that need to be improved. The reason why Bitcoin can't act as an inflation hedge now is because the world is still stuck with the Fiat standard. The market is determining Bitcoin's price in Fiat terms. In a pure Bitcoin world (hyperbitcoinization), people would use Bitcoin as the standard unit of account. This means valuing goods and services in BTC (not Fiat) terms. By itself, Bitcoin is already a stable cryptocurrency. 1 Bitcoin = 1 Bitcoin no matter what. I'm hoping the day will come when Fiat collapses in its entirety, paving the way for Bitcoin to take over the world. If we were used to the Gold standard before, how hard can it be to switch to the Bitcoin standard? Just my thoughts |
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The precarious cryptocurrency market has been made worse by cryptocurrency lender Celsius' June declaration that it is banning withdrawals owing to "extreme market conditions." Following the market meltdown, crypto hedge fund Three Arrows Capital might possibly be insolvent. Three Arrows Capital has entered liquidation, worsening the crisis gripping the whole world's market for digital assets. Three Arrows was is also considering alternatives including the sale of assets or a firm's rescue. https://news.sky.com/story/crypto-hedge-fund-three-arrows-capital-plunges-into-liquidation-12642402With the continuous downslide of the Bitcoin and the crypto market at large, is it too soon to say that we might likely be witnessing the end of it all? I hate it when people say "It's the end of Bitcoin" when market prices are falling down the drain. Was Bitcoin created as an investment tool or as an alternative to the current financial system backed by central banks and governments worldwide? I'd say Bitcoin is more than just a currency. It's a revolution that will change our world for the better. Why would I care about BTC's price relative to Fiat if the latter is bound to collapse soon? Fiat currencies (USD, EUR, etc) will see their demise once hyperinflation starts rolling in. Once that happens, people will be in search of sound money that cannot be censored or manipulated at will. Bitcoin is the answer to all of our problems, so I'd suggest you hold onto it no matter what. Who knows if Bitcoin becomes the standard unit of account in the future? Just my opinion |
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The original and most famous physical version of Bitcoins was Casascius Coin, created by a guy in Utah named Mike Caldwell, which made of brass, with gold electroplating. This coin comes in different shapes, designs and forms. ... A Casascius physical Bitcoin showing an eight-character code (Source: casascius.com)This physical Bitcoins were pre-loaded or pre-funded with a certain amount of Bitcoin, such as 1, 5, 10, 100 or 1000 BTC. The coin also include both an identification number and a hidden private key. The main reason for designing these coins was: - To be used for the purchase of goods or services
- To facilitate the storage and/or management of Bitcoin
- To make them available for market transactions
- To act as an investment vehicle
- To be used for the purchase of goods or services
However, in 2013, Caldwell had to shut it down. The reason for shutting down was because of the intervention of FINCEN due to lack of required licensing to operate. Certainly, the fact and provenly discussed, Bitcoin is not a thing and will never have a physical form. But what if the world suddenly change and opt to in physical form, are we ready to embrace it? Sources:https://phemex.com/academy/what-is-physical-bitcoinhttps://www.cnet.com/culture/are-physical-bitcoins-legal/https://www.analyticssteps.com/blogs/what-casascius-coinHate to break it to you, but physical Bitcoins are not really Bitcoin at all. They're just like paper wallets with public and private keypairs. Besides, using Bitcoin physically will defeat its purpose as "Peer to Peer Electronic Cash". It's like going backwards if you ask me. Casascius coins are just collector's items that were made in the very early days of Bitcoin. They're more suitable as a long-term investment than a currency. With how fast the world is transitioning to the digital era, physical currency will become a thing of the past. Maybe even physical collectibles as NFTs prove to be a complete game changer. Most people think that Bitcoin has no value because it isn't something tangible like Fiat. I'd say Bitcoin has value because it's a decentralized and censorship-resistant cryptocurrency no one can shut down. Someday people will realize this as Bitcoin matures over time. Who knows how the future for the pioneer cryptocurrency will look like? Just my thoughts |
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01 - Abiky Thanks for the raffle!  |
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Being richer and have more money in pocket are not helpful if he does not intend to save USDD and TRON. Do Kwon made a bad decision to choose one and leave another die and what he chose is simply a serious mistake. If he chose $LUNA, he should save it rather than kill both tokens. Terra Foundation Guard used their reserved to save UST and failed. In the end, they lost most of money and can not save anything.
Justin Sun from beginning of the USDD de-peg crisis chose a good way to handle it. Spend money and try to handle the crisis. At least now we can see USDD gradually reclaims its peg. It is supported by general market too. Personally I still feel unsafe with algorithm stable coin, not only USDD. We don't know how bad the market will be and company can not make over collaterization forever. It has limited capital in pocket.
Justin Sun better play his cards right for the good of the crypto/Blockchain industry. Otherwise, another collapse like Terra/LUNA will further diminish investors' confidence into cryptocurrencies as reliable, long-term investments. You can bet prices will further decline if something like that happened now. Last time I've checked, USDD's peg was restored so I guess Justin proved me wrong. Still, USDD is a risky algorithmic stablecoin so I'd proceed with caution just in case. With regulators paying close attention to crypto's latest developments, we might see investor protections further down the road. Who knows if USDD becomes the first algorithmic stablecoin to hold its peg for generations? Just my thoughts |
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