Temporarily maybe, but over time people will still come back, especially if the market is starting to be bullish.
We have worst news than this in the past, but the market still survives, the biggest was on the exchanges getting hacked, and the market dumped because people panicked, but as I said, it still recovers over time.
So think of this, crypto has matured already, panic is normal but this market is not going to die as it will grow more in the long run.
It was believed that the Mt. Gox hack would damage crypto's reputation for good. Yet, here we are with many countries and individuals supporting crypto/Blockchain tech every step of the way. The same situation might happen after Terra/LUNA's collapse. Things may look dark for the crypto industry now, but in the future, everything will be much better. We just have to persevere in order to obtain great results in the future. Bitcoin's been standing strong after all these years, so I'm confident it'll grow into a much bigger force within a decade from now. Haters will always criticize the revolution, but believers will keep on building in order to make our world a better place. Who knows how decentralized finance's future will be? Just my thoughts  |
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I think one of the main reasons why we people buy altcoins is that majority of altcoins are still cheap and at their early stages. And there are higher chances of getting a large amount of profit after a few months or years if the project is really good. And also, we have to accept that some altcoins are also providing solutions to real-world problems that can be very beneficial to us humans. That is why altcoins are not just coins that are in the market, they are here bringing in value just like bitcoin. So who would not invest in altcoins as well? I actually love altcoin because a lot of them have the potential to bring value to the world and not just by the profit I can make by investing in them.
Yes. Many people buy altcoins with the purpose of enriching themselves in the least time possible. But not all that glitters is Gold. With what happened with LUNA lately, I'd be careful putting all of my life savings on altcoins. Only a select few altcoins like ETH and BNB are worth it because of their proven track record of development and innovation. But the rest would be a gamble due to their extremely unpredictable nature. Bitcoin is the main mover of the market, so if it goes up, so will the rest of the other cryptocurrencies on the market. Diversifying your investment into more than one cryptocurrency will help you minimize as much risks as possible. As long as you play your cards right, you'd be on a road towards non-stop financial success. Just my opinion  |
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ETH and Sol that's for sure, I was thinking about XRP, but not sure yet and 50$ in Luna for fun, because everyone wants to believe that it will recover and we can be millionaires
Investing in LUNA is a gamble right now due to its unpredictable nature. I don't think investors will trust anything related to Do Kwon or Terra after what happened with UST's collapse lately. If the token never recovers, you'd be left holding the bag for "eternity". As far as ETH and SOL goes, I think ETH is a much better investment. SOL's been facing serious network outages over the past months, with no signs of improvement whatsoever. It shows us how fragile the system is compared to ETH. The bear market severely affected SOL's price, so it's going to take a long time for the cryptocurrency to reach a new All-time-high (if it ever does). If you really want to secure your future, you should buy prominent cryptocurrencies with a proven track record of development and innovation. ETH is one of them, but Bitcoin, Cardano, and BNB are also on the list. As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my thoughts |
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I don't agree with you a little bit. The fact is that centralized stablecoins also lose their tether, but for some reason they don't talk about it much. But when it comes to algorithmic or decentralized stablecoins, people immediately remember their ability to lose tethering. All stablecoins lose their tether. Look at how the biggest stablecoins have felling in their time, and you will see that all stablecoins are at risk of losing their tether.
Of course. No one said stablecoins are risk-free. Every investment does come with its risks. But I believe centralized stablecoins are a much safer bet than decentralized ones, simply because they're regulatory-compliant (some of them, not all). That means the issuer is required by law to maintain the peg or face serious consequences in the long run. This brings investor protection, not seen in decentralized stablecoins like DAI or USDJ. It's the wild west in the decentralized world of stablecoins, so I'd advise anyone to proceed with caution. I think what happened with UST will force developers to improve algorithmic stablecoins for the better. There will always be "hiccups" along the road. What's important is to keep moving forward in order to make our world a better place. Who knows if decentralized stablecoins become so good that they'll rival centralized stablecoins in the future? Just my thoughts |
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I don't have silver, but I do have gold for investments and jewelry. Gold is also a profitable investment with a level of risk that may be lower than bitcoin or other crypto investments. The gains from gold may be worth the risk although not as much as the gains from investing in cryptocurrencies. Gold investing is a good option for those who do not like the high risk involved in crypto investing, although the higher the risk, the higher the possible returns. I have both in my portfolio, it is good and profitable.
To most people I know, they tell me that gold is a great store of value to have.
Gold is a great store of value, but you'll never achieve the same gains over the long term than investing on Bitcoin itself. You see, crypto brings huge profits due to its extremely unpredictable nature. Some people trust Gold and Silver more than crypto simply because they've been around for ages. Crypto is relatively new to the world, so there's a long road ahead before it gains the confidence among everyday people. Ultimately, it's all about diversifying your investment in order to minimize as much risks as possible. As long as you do that, you'll be on a road towards non-stop financial success. Just my opinion |
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You should understand that the value of Luna can never go back to $100. Even the price of $1 looks unrealistic, since at this price, the capitalization of Luna will be more than $6 trillion. While the capitalization of the entire crypto market is now $1.2 trillion, and the capitalization of bitcoin is $570 billion.
Never say never. Dogecoin was once thought to never cross the $0.01 range, because it was taken by many as a joke. Right after Elon Musk started hyping it, DOGE's price rose all the way up towards the $0.50 - $0.60 range. Who would've thought this would happen with a worthless coin like Dogecoin? The same thing might happen with LUNA if the community does the right thing. It's not about Do Kwon (Terra's CEO), but rather about decentralization. The community is the one responsible for the future direction of the project. If people in the community work together, they can help restore LUNA's confidence among mainstream investors and traders alike. Of course, investing in crypto does come with its risks. As long as you don't invest more than what you can afford to lose, you'll have nothing to worry about. Just my thoughts |
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That guy who sold Bitcoin at $0.3 and shared it on tweeter thought to be making the right move too.
You don't need the forum to find tweets like that, there's plenty in the Internet, including Reddit and Twitter.
...
If the analysts are right bitcoin is still at the point where the Internet was in the 90s, so there's plenty of room to go up.
Indeed. Bitcoin is still in its very beginnings even though a lot has been achieved 13 years since its inception. You ain't seen nothing yet as the best is yet to come. Those who get into Bitcoin now, will reap huge profits in the future. That's because there are still a lot of people who haven't heard about or even used Bitcoin before. If we include that people, demand will be higher than ever before. This translates into higher prices over the long term. I'd take advantage of the current bear market in order to accumulate as much "cheap" Bitcoins as possible. Once the hype comes back, Bitcoin may never be worth the same as it is right now. Who knows if you become the next Bitcoin millionaire? Just my opinion |
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Undoubtedly governments will continue to try to regulate crypto. Will they be able to fully succeed, that is the question. In principle, people don't need their permission or approval to use crypto, and nothing prevents them from using it explicitly.
I don't think governments will succeed because of the decentralized and censorship-resistant nature of crypto/Blockchain tech. Regulations can only be enforced on centralized exchanges and centralized wallet providers. Anything that's not centralized would be out of a single government's jurisdiction. As Bitcoin and other cryptocurrencies become more popular, governments will implement stricter regulations in order to minimize its growth worldwide. What ultimately matters is decentralization. As long as Bitcoin is able to stay that way, it will last a lifetime.  And here I disagree with you. Fiat forms of money are already being rapidly superseded by the digital version as more and more people pay with plastic cards and mobile apps. The proportion of people still paying with cash has been decreasing every year and will continue to decrease. And since fiat is practically impossible to control (just try to track the movement between people) and is 100% anonymous (there is no binding of banknotes to a specific person), then with the departure of fiat, society's finances will turn out to be more controllable and traceable.
Digital Fiat will mark the end of an era for privacy. After all, governments will have more control over people's finances. Fortunately, Bitcoin and other cryptocurrencies will be there to save the day. With decentralization at the forefront of crypto, I don't think privacy will fade away into oblivion anytime soon. Just my thoughts |
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Table 3, Slot 8. Thanks for the raffle!  |
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For me, centralized Exchanges have many advantages, at least when there is a problem they can solve it, but of course if you have a Completed KYC, the problem I see with decentralized exchanges is that a wrong contract means the total loss of the funds that are deposited, and the bad thing about decentralized exchanges is that most of them surrender at the feet of governments or authorities, that's what I don't like, as is the case with Binance.
Some centralized exchanges have more options to be like this, but in support of any inconvenience they are very fast.
Centralized exchanges often have better performance than decentralized exchanges due to the way they were designed. But they do come with their risks. If there's a government crackdown, the exchange gets hacked, or the owner closes up shop, you can say goodbye to your crypto funds for good (if you left coins on the exchange, of course). With decentralized exchanges, the risk of hacks or theft are practically non-existent. Governments can't shut them down neither, so there's that. What really prevents them from being widely adopted worldwide is their scaling limitations. With high network load, decentralized exchanges often become slower and expensive to use than their centralized counterparts. If by any chance centralized exchanges cease to exist (which is very unlikely right now), it's likely developers will improve decentralized exchanges for the better. I'm guessing DEXs will rely on off-chain scaling solutions (Layer-Two) to gain performance as comparable as centralized exchanges. As long as people have a choice, nothing else matters. Just my thoughts |
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When it comes to bitcoin I believe that every price is a good price to buy. If only I had enough fiat then I would be buying bitcoin every week.
Although I am accumulating but who doesn't want a lot of coins. So whether you buy at a higher price or lower, if the price went further down then just collect fiat and keep buying more.
BTC always recovers and goes to ATH. It's just a matter of time and then after that you are already in profits. So it depends on you when to sell.
One thing for sure is that Bitcoin never disappoints. I cannot say the same about shitcoins such as LUNA or SHIBA INU. With a proven record of development and innovation, Bitcoin's demand should only become higher over time. That, coupled with a limited supply should make the cryptocurrency a lot more valuable in the future. I'd recommend anyone to keep investing in Bitcoin especially during a bear market in order to reap huge rewards in the future. Losers are going to sell, but those who're smart will accumulate more coins no matter what. As long as there's a strong community backing Bitcoin every step of the way, the cryptocurrency will last for a very long time. Just my opinion |
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It will stabilise one day but not for a long while imo. It’s still a relatively young, immature asset. It’s only been here since 09, we will still have drastic swings in either direction. With each halvening though we seem to be seeing diminishing returns so read into that what you will. Maybe 20-30 years from now there will be much less volatility.
I've seen how Gold hasn't stabilized yet, even though it's less volatile than Bitcoin itself. The crypto asset class is still new to the world, so I'd say we should give Bitcoin some time to mature. While it may never "stabilize", I'm certain volatility will be reduced to a minimum due to stricter regulations and large capital inflows on the market. Slowly but surely, governments are embracing Bitcoin as the next "digital Gold" in order to make our world a better place. Ultimately, it's all about decentralization. As long as decentralization wins, nothing else matters. Just my thoughts |
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not completely fail. The problem with UST and other stablecoins losing peg is that they don't have a 1:1 reserve. if they had it in the first place the selloff issue resulting in the loss of the peg would never have happened. maybe with this problem the stablecoin ecosystem can be better.
Yes. But even centralized stablecoins with a 1:1 reserve might lose the peg if the issuer isn't as legit as it claims to be. While Tether is the biggest stablecoin on the market, it's still lacking transparency. The issuer of the stablecoin is quite shady, unable to provide proof that Tether is really backed by USD stored in bank accounts. Without solid evidence sustaining its claim, how can we be so sure Tether will maintain the peg to "infinity and beyond"? With decentralized stablecoins, the risk is higher because they're only backed by algorithms, or in some cases, they're collaterized by other crypto assets. Whenever they'll become widely successful in the future or a failed experiment, it's yet to be seen. As long as decentralized stablecoins have their flaws, people will continue to trust centralized stablecoins with their money. Hopefully, decentralized stablecoins will improve to make "De-Fi" bigger and stronger than ever. Just my opinion |
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I definitely think that the whole event around Terra (Luna) will scare away some or eve a lot of potential investors from the crypto market, at least for a little while now. I mean just look at what happened in the last two weeks or so. Even the people that were already invested into the crypto market were suddenly scared and began to massively sell of their holdings. Even USDT was at around 0,95$ at some point a few days ago if i remember correctly. So if people that are already in the crypto market become scared then guess what happened to people that were only thinking about to invest into cryptos in the future. Time will heal all wounds though.
Long-term speaking, the crypto market will gain confidence among investors and traders alike. But don't expect any capital inflow across major cryptocurrencies right now. Sadly, prices are heading south because of the LUNA crash. There's a lot of FUD across mainstream media outlets, temporarily damaging crypto's reputation. If you're smart enough, you'd take this opportunity to buy as much discounted coins (not LUNA, of course) as possible. I'd stick with the good-old coins (eg: Bitcoin, Ethereum) just to be safe. With every new technology, we're expected to see "hiccups" along the way. As long as issues are addressed, crypto/Blockchain tech will become bigger and stronger than ever. Who knows if what happened with LUNA encourages developers to improve algorithmic stablecoins for the better? Just my thoughts |
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Campaign paid.
Paid on-time as usual. Thanks again, guys! |
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I'll take whatever number is available. Thanks! |
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I've read a claim about the team that they will do their best to resurrect it and are not giving it up yet. https://finbold.com/can-terra-luna-be-saved-heres-the-founders-resurrection-plan/I have been following it although I am not invested but I see they didn't also liked what happened with their market due UST de-pegging. In regards about a recovery, it may recover but not as hard as it was. Maybe back to a dollar or less. A market like Doge or Shiba with cents of increase and decrease. It's how they can pull the trust of their investors back to make it successful. I hope the LUNA team does the right thing in the end in order to help restore crypto's reputation worldwide. Otherwise, it'll take a long time before investors gain confidence in the entire crypto/Blockchain space. Right now, the Terra community and validators are divided on what the project's future direction will be. Some will support the fork, while others will support burning the existing LUNA token's supply. What will happen by the end of the month, is a mystery. A re-branding might be necessary in order to bring back people's trust. If you buy LUNA right now, you'd be risking your money as it could fade into oblivion at a very fast pace. I'd just wait and see what happens in the next few days in order to make a decision. As long as decentralization wins, nothing else matters. Just my thoughts |
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I'm sure many investors will allocate the smallest to buy Luna because they don't want to lose the moment if Luna gets something magical to return at least $10 or as low as $1 then it will add to the list of the richest people, but if otherwise then you must be prepared to lose funds from Luna investment.
Well, that's a huge risk most investors aren't willing to take. LUNA is extremely volatile right now, thanks to the uncertainty surrounding the project. Investing in LUNA is more of a gamble, in my own opinion. I'd buy other "blue chip" coins with a solid record of development and innovation. You'd just have to do your own research in order to determine which coin is suitable for you as a long-term investment. Crypto is in bearish mode right now, making it the perfect opportunity to grow your stack of coins to sell them up in the future. As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my opinion |
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Frankly, I don't see it ever happening. Someday, some cryptocurrency might fill that role if it is efficient enough to take on existing payment/banking networks, but Bitcoin at 21 million units (no matter how many decimal places) simply does not have the capacity. There are also transaction processing bottlenecks which are extremely limiting and the transaction fees are also excessive in comparison to existing payment providers. Bitcoin is very useful, has proven the decentralized currency model is possible, but never assume that the first generation of something will succeed forever - just look how phones have progressed from the first rotary version, to big bricks, to mini "dumb" phones to ultra high definition smart phones.
As far as I know, Bitcoin is divisible to 8 decimal units. So basically, there are quadrillions of satoshis in existence which is more than enough to cover people in the whole wide world. Scalability would no longer be an issue thanks to the development of off-chain scaling solutions (Layer-Two) like the Lightning Network. What could really limit Bitcoin's ability to become the global currency is its unstable prices relative to Fiat. But that would no longer matter if Fiat collapses in its entirety. With Bitcoin as the main unit of account in a "hyperbitcoinized" world, things will be much better than what they are right now. As it's always said, "fix the money, fix the world". Bitcoin is the solution to all of our problems. It's up to the people to understand that in order to make our world a better place. Who knows what the future holds for Bitcoin? Just my thoughts |
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You were here during 2014, before many of us. I would believe that you among most of the people would have already understood Bitcoin's open-market induced volatility.
Plus what you're saying about "cannot serve as an alternative to the legacy financial system" is debatable. Bitcoin functions as well during bull markets, and bear markets, producing block after block without downtime. The Dark Markets continue, Bitcoin casinos continue, everything continues.
Of course. Bitcoin has always been volatile, but I was surprised to see that there were no positive price movements even though Fiat currencies are experiencing high inflation rates right now. If only people relied on Bitcoin as a unit of account instead of Fiat, things would've been much better. I'm talking about spending 1 Bitcoin without the need to know its current value in Fiat. 1 Bitcoin = 1 Bitcoin after all, right? But the whole world goes around Fiat (the Fiat standard) so this is very unlikely to happen anytime soon. If Bitcoin becomes the main unit of account, then it would serve as an alternative to the existing financial system. Some governments are adopting Bitcoin as legal tender, but that's not enough to "hyperbitcoinize" the world. I wouldn't worry about that as long as decentralization prevails. Just my opinion |
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