It would be awesome if the US decides to do that, but I don't think it's very realistic right now. The volatility in the bitcoin market is still too high for it to be a good store of value for everybody. Historically the Gold price has kept it's value for a long period of time, we haven't seen a price drop of 50% in a few months before with it. That is why it's so attractive for the older generation as an investment to store value.
The USA will not do that for sure. They are the most liberal nation in the world so they should technically speaking be the one to do it, but they care about their USD a lot. And right now they are doing fine, even though domination of USD goes down, the value of it goes up, which means that there will be a reversal soon and people will start using that all over again. I just do not see how it is even possible, think about how big the USA market is, and if it happened that would be awesome. But right now, even Coinbase is down like 80% in the stock market, it's just not a nation that is seeing crypto as the get out of jail free card situation, they won't do it. |
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BTC came at a time when the world was more or less on the tail end of full recovering from the last financial crash, and it was the roaring twenties in some aspects as people tend to look into new investment opportunities after being stingy for a couple of years due to the crash and weren't worried about a new crash, at least not an imminent one. Also, the tech investment concept was still going strong and people tend to latch on to any new tech whatever it might be. Will something like that continue, well, that's a different story.
Entire world was in financial crisis. That too might've triggered Satoshi to innovate blockchain technology. Bitcoin came out soon after the crisis, but the same didn't gained it's market. It made itself strong and some realised the real need and its future. One that is given as giveaway now reached an ath value near to $70k. This shows how high the demand have increased over time. 2008 was definitely a reason to create it, but satoshi worked on this for many years before he invented it, that's important. Not like dude just saw the crisis and whipped out some amazing tech right afterwards, that would be impossible. So, he probably worked on it way before crisis ever happened. Of course, people have been trying to build something like bitcoin for over 2 decades now, this wasn't even the first, so the timing was perfect. He researched previous failed ones, and he improved it and then published it on a period of crisis, all coming together to have a great start. Then we took over from there and made it into one of the biggest investments in the world. |
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I think that in relation to the banks, they're not going to wholly adopt crypto. But they're going to adopt the technology, blockchain.
That's more interesting to them and if ever they go adopt crypto, that will be nothing to us because we don't need them in managing our portfolios because we can do it on our own.
If actually the blockchain technology makes transactions go fast, without anything or anything having the power to effect any alterations, banks adopting the blockchain technology still doesn’t put them in control over anything, we still get the power to decide what happens with our assets. But, that wouldn’t be the case here since banks are never going to adopt the blockchains that we see with cryptocurrencies, they are going to build their own and there will be a backdoor for them to manipulate everything. That idea aside, adoption of the blockchain technology will stand as one of the toughest things that can get popular/adopted by all kind of people. |
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It sounds positive, but I did not find a description of the process itself, which will ensure the "immunity" of original things from a high-quality fake. He had experience in implementations in the luxury fashion segment, it turned out that there is also a "black market" where high-quality fakes are made. Buyers showed examples of such fakes, it is actually impossible to distinguish them without being a high-class specialist. From fabric to accessories and seams, including markings and packaging - they fake it perfectly!
The only option is to save some data and somehow identify the buyer who bought this product. But this applies to single things, with a circulation of 1-3-5 things for the whole world. What if it's a mass product?
I think people who buy the fake ones do not really mind that. My wife for example ends up buying high quality fake brand stuff time to time, but also real ones as well. I asked her what's the difference, why not pick all fake ones or all real ones and just go one that one this? And she said it is based on the product. Like let's say you are buying a bag for the summer to take to the beach, that's something you will use maybe 10 times a year at max, get a fake one, but you are buying a shirt to go with the jean, hence you will wear a lot? Go with the real one. So blockchain or not, people who will pick the fake ones will always go for the fake ones, and blockchain wouldn't stop that. |
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In the given list the most important factors that I consider as a threat to bitcoin are the cost of production and regulation.
I wouldn't say media coverage because in this world of internet almost everyone is socially connected and the news are spread instantly across the globe.
Whether it be a positive or negative news the coverage is across the globe.
On the other hand the cost of production and regulation are real threats to bitcoin which causes a correction every time it impacts bitcoin.
All the other factors drives the price of bitcoin upwards.
Regulation is not really a threat to bitcoin. Regulation is not put to bitcoin itself, it's always put to you, the user. Which means that whenever it's put somewhere, the other place doesn't have it. So, let's say they ban mining in Europe, it's still allowed in Asia or USA for example. This is why it's decentralized and why it's liked, because you can't ban everything all at once all around the world here. FED goes out and says they increase the rate, and suddenly the dollar value increases all over the world, all due to one government organization said something. Bitcoin doesn't have that, no matter what one nation does, the other doesn't have that and that's how it works so well for us. |
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There are millions of Satoshi in one Bitcoin and are in bits so even if the total 21 million Bitcoinhase been mined, the total buts will only increase in price which gives Bitcoin an infinite total supply. But you should also understand that Bitcoin, if the demand increase so the scarcity will inflate the price.
This is where the laws of economics apply. with the increasing scarcity of bitcoins to be traded while demand increases, it will further increase the price, and of course this limited supply I think will only affect the price, and of course crypto currency is not only bitcoin. and of course if developments are in accordance with our vision for the future, then we are very suitable for investing, as many people are doing today. It’s not always like that though. I mean for bitcoin it has been like that and it will stay like that for sure, but not everything in life. Sometimes, when there is a product that is debatable to be a valuable thing, and then some hardcore collectionists end up getting most of it, the remainder are not valuable because nobody wants it, and that’s when the price goes down a lot. Bitcoin is not like that though, it is definitely something we all like, and will continue to like, and that is why it’s one of the best things ever for us. All in all, I have to say that the limited supply of bitcoin makes it the good thing, because printing more and more doesn't work, we have seen that in fiat. |
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I can only tell you what i know and what we have to do in point in time. Investment that you invest with companies do come with alot of complications and trouble from the company. If you want to enjoy investment of cryptocurrency put your hands together and invest personally, hoping for company investment in cryptocurrency, some times it will end up with scam and you lose your cryptocurrency investment, before you can see a cryptocurrency investment now that is legit is very deadly and i don't the fuck companies
This is quite true. I mean if you are expecting a news for your currency to go up, then you have invested into the wrong thing. There shouldn't be anyone else that helps you, because everyone will try to get what they have, and nothing more. So if we all got together, there will be some people willing to wait longer, and some people will just say "screw everyone else, I want profit!" and ruin the plan. That’s how the pump and dump works as well, some people make a little profit and get out right away, blocking everyone else to make more profit, and they just end up with small profit that caused everyone to lose. Hence, why this idea would never work at all. |
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I guess the gamble will not pay off, until now the prices is nowhere near what it is expected to be and I doubt that it will even recover even if we are in the bull market. I mean the damage is really deep that it's hard for the project to just bounce back and forget what just happen. Maybe people lost a lot of money in this, putting a lot of trust but unfortunately, mismanagement and other factors contributed to the downfall which can be avoidable if just the people behind anticipated it. Sadly they don't so how you are going to trust them again? even investing $1 is not worth in my opinion.
It will of course not pay off. I mean people who think that there is even a small chance that it would pay off will be wrong. I personally believe that we shouldn't be doing anything that works nice enough. What we need to do however is to make sure that people know what they are doing and that’s how they would be making a profit, outside of Luna. This doesn't mean that Luna is impossible to profit from, of course it could profit, but that potential is very slim, and why risk that much for such a little gain? I think investing into something like BNB and waiting for it to finally peak to 1k dollar would be a lot better, why not prefer something like that? |
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It is possible but under the current circumstances it is better to not take an unnecessary risk, if anyone has some money in that exchange then it is time to get that money out of it, maybe nothing happens and the exchange keeps working as usual for a very long time, but no one with money at that exchange can afford to take the risk of the worst case scenario happening and then lose access to their coins for who knows how long.
I can't say much about the situation and what's going to happen, but I can say that it's definitely something that we would all be crazy about if it isn't allowed and people are right to be mad about it, and if they could "somehow" take it out, they should. I mean even if it could continue to operate, and there is no operational problems and you could withdraw normally, it's still normal to expect people to withdraw after hearing such a news, it's not a shock. I believe if they are claiming to be bankrupted, then they are probably getting ready for something like this to happen in response as well, that shouldn't be really a weird situation for them at all. |
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From my point of view, I think that the use of the expression "we" was an orientalist vision of the future by Satoshi, I mean that he believed that his program would turn into a universal formula accepted by everyone and working to develop it, so the word "we" may mean anyone who comes in the future who pursues the mission that has begun By Satoshi until Bitcoin turns into the formula Satoshi always dreamed of. Here we are already witnessing the realization of this future vision, where we find thousands and millions of people believe in Bitcoin and are constantly working to develop it to reach the goal for which it was created.
This is the case for sure. He/She believed that it was something that we will do as a whole, as a group, and not something that people would do alone. It means that it wouldn't really be something he achieved himself, it would be a group effort. I mean let's face it, he created it but that's about it and nothing else. Would bitcoin be this great if other people didn't pick up on it and started to care for it? Of course not. This is the situation at hand and this is how we should approach it. I believe that we are not doing something that satoshi created, we are responsible for it, we all are, every single one of us that ever did anything in crypto. We are all responsible for it. |
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Saylor thinks ETH post-merge on Proof-of-Stake is a security.
I think Saylor's a lil jelly tbh.
Thoughts?
I don't know how the idea comes to mind, but that's just ridiculous just because Ethereum moving to PoS, wont make ETH become security. ETH still has utility and people are still using ETH on the Ethereum smart contract, thus make it commodity. It's not just a piece of paper that says you own something. Basically Saylor has invested a ton into bitcoin, hence why he would like to see bitcoin being the best ever and nothing else getting closer. Looking at the previous bull run, we could say that there was a good case to be made about ETH getting way too close during the bull run. This means if we have ETH 2.0 and proof of stake there, and if we have a bull run at the same time, there could be a ton of money going into ETH, not saying it will be at the top and take bitcoins place, but it would go up a lot. This means that some money that could have gone to bitcoin and make Saylor richer, would end up in ETH and he doesn't want that to happen right now. |
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I think as more and more strict regulations are implemented on Crypto currencies, people will start to look for alternative ways to store their Private keys and they are also getting more familiar with the concept of controlling their own Private keys and not giving that power to 3rd party Exchanges. The Crypto exchanges are the weak link in the Pseudo anonymity of Crypto currency holdings and people are recognizing that now. We cannot discount the fact that criminals are also buying more hardware wallets to protect their proceeds from criminal activities.  I agree that there is a weak situation where KYC makes sure you are known and how much you have is known. But that is a bit of a needed thing not because just drug lord or something like that, but for the fact that people do scam others in crypto as well. Like I remember last year when there were fake situations with DeFi projects, there were some scam projects that rug pulled and they had to pay all of that back basically via binance. Because, they worked on BSC and they had to move their money into fiat and into their bank accounts to claim success. Some of them moved it to Binance and Binance blocked those accounts and found who it was. That's how it works. |
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So, here is the question.... Why would the conversion of the money to bitcoin.... save his life? Bitcoin is still "money" ....so the people that were hunting for his money, stopped doing this, because he transferred it into his Bank and then bought Bitcoin with it? Those same people can still take him hostage.... ask for a ransom from his family ....and then get hold of the bitcoins again. So, he is still in danger... I will suggest that he leave that country and go back to his family. The logic is that the money would have to be transferred one way or another in another form, and it would be a bit harder because how would you transfer that money from a cash in your hand to bank account back in another nation? The idea is that crypto saved their life because it was done quickly and digitally and he wouldn't have to carry the cash, and that's how he got away with it. Plus, you can't always leave a nation with that kind of money, even transfer via bank wire takes a lot of time and effort. But with crypto? It's done in matter of minutes. Of course there are loopholes in the story, but it's not really a stretch to believe this could happen. |
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Trading and gambling may somewhat be alike because both share risks. However, with trading, your profits rely solely on how you trade using your strategies and skills, if you are a pro trader, the outcome will have more chances to be on your favor. While in gambling, whether in sports betting, slots or lottery, there will always be chance based or luck. And the fact that you're gambling, its mostly the house that takes an edge and wins over the players. Trading may most likely to fall in gambling when you trade without bases and predictions, because in gambling you can't predict anything, everything are just driven by chances or luck. And this is one thing that pro traders should have to avoid to prevent unexpected losses.
Gambling is against a casino, it’s designed to make you lose money, trading is not designed to make you lose money, it's designed to make you learn how to trade so you could profit from it. This is why I highly suggest people to be careful about trading, but they shouldn't be scared that they would constantly lose. Additionally, when you are gambling regular house games like dice or slots, you will guaranteed to lose after even years of gambling. Whereas when you are trading if you do that for many years then you will get better and you will be profiting a lot more. This is why I have to say that trading is nothing like gambling and those two are very very different. |
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If the market is continuously down to the dip, no one can assume where its maximum. Moreover, many speculate that there is a possibility of going deeper form the current position. They are not willing to buy any assets. Everything is just an assumption. But as per the overall market condition I think DCA is a better investment strategy at this point. By using Dollar-Cost Averaging method at the moment comparatively it will be less risky investment.
Using DCA strategy is for me a good strategy that is applicable on the market situation we have right now but If you know how to read charts, It would be better to take advantage of it and catch support or lower prices. We should learn how to maximize our profit in the future. I myself is doing a modified DCA strategy where as I do have the exact budget and time span when should I buy, It's basically a DCA strategy but the thing I modified is I'm trying to find the lowest price I can buy at my set time span since I can do research and read some charts. Yeah, mine is a bit different from people as well. Most people buy at a certain level, and when the price goes down they buy some more, but mine is basically buy some bitcoin at 1st of each month no matter what. I believe that this is something else, not really a "DCA" but becomes DCA when the price goes down. I believe that what I am doing would allow me to be rich after a while. So far it didn't allow me to get rich because I had a ton of debt and now it's getting fixed and I have nearly none, just small tiny stuff. All in all there isn't anything that we could focus on when it's long term, just do it and you will be fine. That's how you grow bigger and better. |
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At the end we are going to see the same we have always seen when something like this happens, politicians will protect themselves and their friends while the rest of the population will have to find a way to deal with the inflation problem which was created by the government, however if things get as bad as I think they can get then this is going to be a massive opportunity for bitcoin as there is not going to be a better scenario for bitcoin so it can get to incredible levels of adoption.
This has been the case for thousands of years and I doubt that it would ever change. I mean we look back in history and say that there were bad times and we are doing "better" but the reality is that we are not doing that much better. Just to give an example, back in the day when slavery happened, the "pay" for a slave was 3 liters of beer and bread in ancient Egypt, and a place to stay. Let's be honest, there are many nations that do not pay people that much right now when they are not even slaves, the "freedom" we have is a lie, we do not have any freedom, we are just slaves that can't be beaten or murdered anymore, that's literally the only advantage we have, but get paid a lot less. |
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Better if they will lower the fee so that it allows people to try this and they will keep on coming back on using a service like this. This is very convenient because they can trade their btc for cash if stores on their country doesn't accept btc yet or they can also buy btc directly on that machine by using their own cash. On what country do you live?
If you are sure that btc is already legal on there then there might be places where btc is installed. Usually they are located in the bigger cities or on those crowded areas. Try googling it and see if you can spot some. A btc atm can increase because btc is getting popular but it can also decrease for some reasons like for example a country suddenly bans btc.
I think getting it cashed out would be great but lower fee is not the issue, it's the transaction fee that is already making it hard. I mean if you want to cash out thousands then it's fine, but there are so many machines that still use legacy wallet addresses to this day, and that's bad, and even with bech32 type of segwit stuff, you have a lot of money spending on just the transactions, add the fee of the machines on that and you got yourself a terrible situation for people who want to cash out 100 bucks or less. In my opinion, ATM doesn't work properly with the crypto world unless you start to see machines that start to accept smaller coins which have lower fees, like maybe tron. |
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Today the price is up about 2% but still around $19k, hopefully it will return to $23k tomorrow or the day after tomorrow, and the next target is July can return to $40k, nothing is impossible because rising tens of percent has happened and often happens in a day.
Don't get ahead of your self mate, $40k is unlikely, we are still in the bear market, and this recent spike could not be sustain then we will go back below $20k again. We even reaches as high as almost $22k if I'm not mistaken last week and yet it did go down again. And which means that speculators are playing the market, and whenever they see a good chance to sell and make a profit they will do it. So I'm expecting the same here, if we ever reaches $22k this week, I'm expecting another sell-off. So this might be another trap being set to us by manipulators so just be careful and just expect the worst this year. I would say that 40k is not a big big leap from here. People think that getting 2x is a big deal, but in crypto it’s not. I agree that it will not happen in July, but if it were to happen, 15 days is more than enough to double bitcoins price. You'll see, when the price goes 2x, it will happen very fairly quickly, not now but it will happen fairly quickly. Hence, I do not see it as a big trouble, I see this as an inevitable thing that we are waiting for. For all these, I am not selling my coins, I am just holding them and I think it will go up very much. So much so that, if I hold it for another 3 cycles like this, I will be able to retire as a rich person. |
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you have an indirect way you answered yourself. People value and invest in Bitcoin because it is a decentralized currency and it is also an asset so having bitcoin as asset is what makes people to value it and be interested to it. I believe that cryptocurrency he said kind of currency that I appreciate people's funds but not like Tether. Tether is stagnant currency which does not add any value when who did why Bitcoin add values and also reduce values thats why some people do not value it.
Yeah, people do not invest into tether because tether is ruled by a company and not decentralized is the number one thing, plus they are much shadier than their competition as well, I would do to BUSD and not USDT if I was investing into a stablecoin as well, so decentralization and trust is one of the reasons. Secondly, I do not invest into any stablecoins. Because, it is clear to me that we are talking about a situation where it is going to be just the same price at all times, why would I do something like that? I mean crypto would go up and make me some money, if I were to invest into stablecoins, I could just put all my money into regular dollar as well. But crypto means better returns. |
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I also predict this year will not be a good process in the increase in the price of bitcoin this is very difficult to go through the bearish process is still ongoing and the price is still volatile.
Some say bitcoin can recover next year of course I also expect the same about this increase but I think this process is indeed long because a lot of panic selling for them is not strong in hand, because I can't believe 100k in 2023 but there is a possibility of 2024 -25 it's very realistic if we compare there to reach ATH again.
I agree that next year the "recovery" will start. I mean not to 68k maybe, but better than this year. That’s what happened in 2018 and 2019 as well, we didn't break over the ATH in 2019, but we did went higher than 2018 anyway and that mattered. Why? Because it allowed us to get better than how we were in 2018. Same could happen now, a peak in 2021, a drop in 2022, and a small recovery in 2023, with a whole new ATH in 2024 for example, or a start of a bull rally in 2024 and ending in 2025 for example. Those things could happen for sure, I am not saying it's guaranteed, maybe we will be 100k in august and start now, but I feel like my timeline is more realistic. |
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