Is all the excitement around the project really a hype? Like chiahype and etc.?
Im not sure but probably this shitcoin will be hyped for a while. You know everything that Elon tweeted someome will create a toke based on that. If Elon tweeted a cat name or do name, everyone will create a token for that and start injectimg liquidity and hype on socual media and that I think what happened here. Those nasty dev are taking advantage of those tweet from Elon Musk. This is just another shitcoin and those people behind it will squeeze as much as they can to get as much money as possible. Sadly, there will always be people who can easily be swayed by deceptive strategies. I would not ever use any cent of my wallet to invest on something that is just a hype and nothing more. In fact, I would say that Floki represents what is really wrong in the cryptocurrency industry. |
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As of now, there is no possibility that USA will outright ban cryptocurrency in the same way that China is doing it, but I am seeing an overarching regulations to be passed by Congress on this industry maybe within the term of the ongoing POTUS Biden. Of course, we prefer regulations than banning, with the good effects of controlling the many scams and frauds populating this industry. There is also possibility that exchanges not based in the USA can suffer some restrictions of doing business. Soon it can be the USA that can be considered as the epicenter of cryptocurrency, if it is not the one holding the title. Yes, if there can be a ban coming from the USA, the industry can be devastated and getting back on the feet can be so hard.
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It is a big fact that as far as Dogecoin is concerned, it is weak in use-cases and that is why even Elon Musk is contemplating of "improving" Dogecoin so that it will not anymore be treated as just a meme token but a serious contender among its peers in the cryptocurrency industry. But then again, to Dogecoin believers and supporters everything is enough and it is not deficient in form and substance. Oh yeah, we are all in liberty on what to believe in and invest with.
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Any country that bans Bitcoin or cryptocurrency can be making some news, especially in our industry. I would not agree that we should be belittling Mexico as this is certainly still a country with millions of people which can possibly be market for cryptocurrency but at the same time let's not be afraid if ever Mexico will really be banning Bitcoin. I am hoping though that there will be clarifications in the coming days on the nature and extent of this supposed ban. Let's wait for clear and concise details of what does this mean as far as Mexico is concerned.
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##Registration Proof## Bitcointalk Username: DapanasFruit Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2878632Telegram Username: @DakoCoin Twitter Username: @DapanasM Participated Campaigns: Twitter, Telegram BSC Wallet Address: 0x90269f0989C0e0C3E71ee4D0F3201A81620cbC47 |
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What is happening with meme tokens that are considered to be shitcoins can be similar to the many ICOs that were introduced in 2017 and early 2018. I can only say that 99% of these new projects which usually happen in the Binance Smart Chain will just die a natural death, and they can be gone some months from today...that is why it is quite risky to be involved with them. It would be so difficult to determine which of these shitcoin can proceed to be a serious and solid platform...but for anyone that has a good taste with risks and rewards then they can be a good exposure.
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I can still remember to have read something about Curve a few months ago but since I have already decided back then to be extra careful with any project I am laying my trust on, this got just evaporated from my mind. I am quite happy if this platform has already survived the critical period of at least 3 moths, and hopefully it is already headed to another period of its existence where there can some stability and volume of business being handled. The only thing I can say is that Curve should be investing some sizable of its time and resources on securing its own border as there remains many big risks relative to the DeFi market.
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Elon Musk is making a good joke and then somebody (or maybe a group of people) follow through with the joke by launching a project named Floki just as what Elon would name his puppy. And Floki is making a good run. I am just wondering...whoa re the people making money out of this. I am sure that the next time Elon will be making a tweet, someone can come up with a project based on what he is tweeting. I think this is just another testament that the cryptocurrency industry is made up of 90% jokers.
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While some can be wondering if ICOs can still be fashionable, the thing is that there are still new projects that prefers to call their start-up crowdfunding activity as ICO and not IDO or IEO (in cooperation with an exchange). We should note that these are just terms and basically they are the same - they are fraught with opportunities and risks - just like in the past. So can you make profits in ICOs...the answer is a big YES but it is also possible that you can lose money big time. All new projects are just a gamble.
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Pension funds are usually handled by private companies. So it's not actually Bitcoin who has to join, it's the companies who have to decide to make the step. And it's really up to them whether or when they do that.
Since Bitcoin is still seen as high risk, highly speculative and highly volatile asset, no wonder that most are afraid. But time works in our favor. Institutional investors "just" started coming in, we need a little more patience and probably the "labels" will become softer and more (including pension funds) will join these markets - directly or indirectly.
Pension funds can be attracted to the possible returns with investing in Bitcoin, but they can be turned off with its extreme volatility. And since not a single person in a person fund can decide the investment strategy, they will have a hard time deciding to go or not to go, unlike with private companies where the decision-making can fall on a few heads. However, this is a great opportunity for a platform to provide Bitcoin investing services to pension plans with some good safety nets in place. Hope someone brilliant can come up a good idea along this line. |
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I am sure that these two famous figures can be planning something good for Bitcoin. I am guessing that they can cooperate with green mining of Bitcoin and I would agree with them two that there is a need for this as there is a demand that Bitcoin should be environment-friendly even just to satisfy those demanding for it. Furthermore, I am hoping that Elon Musk will be using his influence not to make Bitcoin go down, but come up with ideas to enhance it. He made a clumsy mistake in the past few weeks, but I know that he can easily learn his lessons well, otherwise there would be no place for him in the world of Bitcoin. As to Jack, am sure he remains to be a die-hard Bitcoin loyalist.
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