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First and foremost, we have to understand that a bubble can happen to any industry, not just involving cryptocurrency. Seems to me that most are inclined to connect the term bubble with cryptocurrency all maybe because just like an e-book the assets here are just existing electronically, and we have to admit that many platforms and projects are just really start-ups with many more years to prove their value or worth. Now, am just intrigue...what if I decide to buy something because I am expecting that its value will be doing some rise or maybe pumps in the future, am I doing a bubble or not?
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This is the kind of thing we can really expect under a Democrat administration: there will be more and more regulations not really just to protect investors but mainly to extract as much tax and revenues as possible. Now, there can be a big problem when the government will extend an overreach to foreign nationals who happened to have accounts in platforms based in the USA. This can be an area of main contention and can be problematic for the said many platforms operating in the USA. I am hoping though that eventually an acceptable way and means can be achieved between many stakeholders in this emerging industry. I think from 2021 hence, regulations will be a big focus for the Biden government and there will be major changes along the way - well this can be better than a general ban like what China is implementing pushing traders and hodlers to the underground, so they can still conduct business.
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Jamie Dimon spoke as a banker who actually is wishing that Bitcoin is non-existent but since it is here they might as well also make some money out of it. In other words, a guy like him just like the rest of his peers are just opportunistic so when there is a dip they will stop heaping praises on Bitcoin, but the time there is a strong sowing of the bull they will be grabbing the attention of the people by saying so many positive on Bitcoin. Now, the question to all of us: What is new with that? It happened in 2017, and it is happening right now. At the end of the day, Bitcoin will always do the Phoenix thing.
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I know that there a lot of people depending on PayPal to get paid regularly with their job and business - and tin this case PayPal is really playing an important, pivotal role for many lives. However, there is always the dark side to anything. PayPal is known to be a sort of "dictatorship" and we can see so many complaints on this payment network. I think that PayPal has been acting this way because primarily they do not have an equal competitor in the first place, so they feel that they can just do anything they want, when they want. Centralized platforms are always subject to people manning them and that is why decentralized options are always important.
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Bitcointalk Username: DapanasFruit Twitter Username Link: https://twitter.com/DapanasMLink profile telegram : t.me/KriptoBato BSC: 0x90269f0989C0e0C3E71ee4D0F3201A81620cbC47 |
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Most governments are wary of private coins and that is why they don't like Monero on top of many other coins they dislike in the marketplace. And I think it is not just the USA which is concerned of the possibility of this coin to be utilized in illegal activities. As to the merit of this fear, I am leaving that to be discussed by anyone willing. At the end of the day, there will always be some level of animosity between governmental regulators and players in the cryptocurrency industry. The relationship will always be riddled with suspicion and mistrust towards each other. I am sure that even if the trudge can be difficult, Monero will still be Monero years from now. So maybe IRS should raise the amount of money as bounty for anyone who can crack the code.
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When it comes to the meme coin category, I think everybody will agree that the throne belongs to DogeCoin and all the rest are just pretenders. Now, am not saying that DogeCoin is the best because just like any other coin there are advantages as well as disadvantages here. However, honestly, most of us here are just concerned on its value, so we don't actually care of its increasing supply or if there are really use-cases for this coin...the most important question is: Will it be rising soon? Well, hopefully the good listing in Coinbase Pro can be the signal of the "resurrection" of DogeCoin.
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In case I will be investing money on new projects, I would prefer IDO and IEO as they may have already an easier access to exchanges than those who are doing the usual ICO. However, that is just an assumed thing as things will really depend on how reliable and honest are the people behind the project...including how good they are in executing their promises as contained in the published roadmap. In the end, it is quite hard to analyze and determine which project will boom and will just fail and go away as if nothing existed. Sadly, due to the fact that we are actually dealing with start-ups with many who are just bringing raw ideas to the table, the success rate is not that good.
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#Proof of Authentication Bitcointalk username: DapanasFruit Bitcoin profile link: https://bitcointalk.org/index.php?action=profile;u=2878632Telegram username: @KryptoRich Name of campaign:Twitter, Facebook, Telegram, Instagram STELLAR Wallet Address: GDNV5HE3XK34XJGPF6YDBDJCGXHI4ZHJMLDMVYLLJYSF7WHIOKVYGJOO |
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By all the definition available anywhere, there is now no argument if Bitcoin can be another ponzi or not. Yes, the fact alone that it has been with us for the past 10 years or so can be a big tell-tale sign that it is here to stay and no ponzi will really be that "hot" for a long, long time. I don't think institutional money will get interested with something they know is just another fad and just another joke. In the past many years, nobody is hiding the fact that Bitcoin has been a very volatile asset - meaning it can go up and can also go down in a very dramatic fashion. When it is down, all we have to do is HODL and when it is up we have the option to let go and make good profits. Now, soon when BTC is up again covering a new ATH level, people who are fond of associating Bitcoin with being just another ponzi will be as cold as snow and as silent as the dead night.
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This is quite expected, and I think this can be true with any country that has put some regulatory legality into cryptocurrency. However, we have to understand that this is just a shift of the many usual frauds from using fiat money into cryptocurrency. Now, this is because more and more fraudsters, scammers and hackers are now getting their feet wet with cryptocurrency recognizing that they can do much bigger business with this emerging industry. We have to be honest that this is the bad side with cryptocurrency, though not its own fault as it is by human nature. Scams and frauds have been with us since the beginning of time and even if there will be no cryptocurrency they will happen in many forms and types. Maybe time is coming that a tax can be taken for every transaction involving cryptocurrency specifically funding anti-frauds operation by the government.
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#Proof of Joined
Bitcointalk username: DapanasFruit
Campaign to Apply: Twitter, Facebook
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##PROOF OF AUTHENTICATION##
Bitcointalk Username: DapanasFruit
Telegram Username : @WayLamiBaho
Campaign : Facebook, Twitter, Telegram
ERC-20 Wallet: 0x90269f0989C0e0C3E71ee4D0F3201A81620cbC47
Spreadsheet: Telegram: 34, Twitter: 94, Facebook: 91
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