It's like having the ownership in game and at the same time you monetize the weapon through NFT. I find it hard how that can happen. Let's say you've sold the weapon as NFT and you've made money but there could be claims that it should belong to the game developers because they don't gave you right of putting that into NFT as the game itself is owned by those developers.
That's extremely difficult to happen! What you are suggesting is very similar to "in-game purchase" that we have now. Even today you can purchase any game props from the game developers to advance your game stats. But usually the game developers don't give us the permission to sell your in-game props to another player because it doesn't fetch the developers any money at all. Also considering how expensive a crypto transaction is nowadays, it won't be popular among the gamers. NFT can only come into play if the game developer itself introduces NFT within their gaming ecosystem and allow people to transact through it. Gaming world and gambling world are very different. In the gaming world you could still build a new dapp, which may not be a mmorpg like world of warcraft where you get an item and each item is NFT or something like that, but you could basically have a web page based game where you could have NFT and we now have a lot of dapp games that people could play. Remember all those games that we played as a kid, all those flash games or anything else, even online ones, well it could be like that but built on blockchain and every transaction is a real one on the ledger, you could earn real money, and lose real money depending on what you do with it, you could put money in the game to buy NFT and get your gear rate up, or you could lose a fight and lose tokens for it. Anything could happen, it is all about technology improving towards that direction by some great developers.
|
|
|
Crypto value and volatility is based on human psychology ...
If you understand human psychology / sociology etc you will become very very rich...
Crypto is based on trust ... Sure there are pump and dumps / scams etc ... But at the end crypto is based on trust.
So when the price goes up people trust it more,when the price goes down they trust it less.
Crypto is irational /emotional like humans .It's a indicator of or mood.
Lol you must be kidding me ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) . I know that emotions can affect the market, but just because you think that people trust Bitcoin when the price is going up and then they fear when it’s going down is not enough, we all know that already, but when the market is going up you can’t tell where it’s heading next, it can start going down at anytime, despite you have said that people will trust it when the market is going up. Anyone who is a trader and wants to be successful will always follow up with everything that has to do with the asset that they are trading and not just looking at the way you have said it.
|
|
|
When the pandemic is over, I'm quite sure that bitcoin and the crypto world would be accepeted slowly as it goes to be a solution for this kind of scenario. It would be adapted and consider as digital currency without being a threat to fiat currency.
I believe if it was getting widely adopted, it should have been exactly right now. Its seen as a great way to make money by a lot of people, but even during periods where people were afraid to spend credit card anywhere for fear of getting it from the card (not possible as it turns out I think) and didn't even want to pay in cash because you will get change back and you could get it from there (not possible as well I think) so at the end of the day bitcoin or at least mobile to mobile payments should have increased a million percent during this period, and that is not going on right now, it should have happened long time ago and not happening at anytime right now. We have to realize that we are not in a situation where bitcoin spending and bitcoin accepted places are not getting more and more accepted just because of covid, it should have been a lot more during this period since it would have been perfect for it.
|
|
|
I am wondering why are NFT tokens so hot right now? The gains in the last week are pretty significant. I cant imagine everyone running to play some NFT supported video game or really wanting to spend alot of money on buying digital art etc.
So is this insane rally based on Hype and FOMO?
Do you predict the price rally will cool off and retrace soon?
Last 2017 almost all altcoins/tokens are in hypes, and what we experience this time is likely the same. Not only NFT is surging high but many others did. Mind if you try to check your wallet maybe your dead coins stuck there will have a surprise on you. I would say that our patience is worth it, and I'll be doing it again, do staking after making a sell this time. This is not like 2017 because it is not really a currency. Bitcoin is a currency, ICO's were currency, NFT is not currency, it is art that you buy, there are tokens specially for this but those are just bought because it will be used to buy art. I am not saying 69 million dollar beeple art makes sense neither, it could be hype or it could be legit, but it is art and that is why it is not the same as 2017 and we can't really reason with it. I do not think that Mona Lisa worths anything, it is just a semi-decent (there are people who paint better if you ask me) but people go crazy about it so it is not my place to judge someone for paying a lot for an art, people do that, art world does that, and that is how it survives. Which is why I think it is quite important to realize that NFT could be hype but could be very well legit since we have seen these kind of stuff in art before.
|
|
|
Just wondering what people think about the current price of Ethereum and Bitcoin? I wanted to buy some more of each but obviously the price is quite high - record highs in fact! Are we expecting for another dip i.e a better time to invest or will it keep rising?
I know this is a question of speculation but if anyone has views/opinions/research I would love to hear your thoughts.
I do not get why people always stay too late and fear that they are too late and become too late by fearing being too late. I know that sounds like a weird sentence but it is perfectly correct ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) ; All jokes aside people were afraid that 20k was a lot and waited, then at 30k they said it is too high, at 40k.. well you get the idea, people are away afraid that the price is too high. You know whats weird? In 2017 when we reached peak, the price was nearly 20k, for arguments sake let's say 20k flat, we are now 3x above that, what could you buy that would have made 3x profit in a bit over 3 years? It hasn't been even 3.5 years yet, just few months more. That is why investing into bitcoin even at the top will profit you, 60k could easily become 180k if you can wait, all it takes is just some more bull run, maybe now, maybe in a year maybe in 2 years but it will happen for sure.
|
|
|
We've been in lockdown since the early days of November, only retail has been reopened and even that isn't open in every region due to a rise of cases in them. Moreover, the recent surge of cases throughout the whole country might be leading to a 3rd lockdown (like it is much different from now). Definitely, the economic repercussions are huge throughout the world, since most countries have taken extreme measures in order to suppress the pandemic. However, the combination of financial depression and quarantine, could lead to clinical depression in a respectable percentage of the population.
Seeing it from my point of view, being in home, almost 24/7, while the supermarket or to the pharmacy being the only way out is depressing and driving me nuts. We can also go out for exercise/walking. I'm living in a region that is characterized as "Red zone", everything closes at 5.30 p.m, while we cannot leave the house after 6pm. My only escape is going out cycling every once in a while.
In my country the lockdown has already been over since , we didn’t go for another one, though we did for lockdown about three to four times, but all that happened in last year and to be sincere it wasn’t an easy situation and people couldn’t take it, and this time around as I am seeing it I don’t think that anybody is ready to go for that lockdown again. And the lockdown really resulted into situations that I don’t like that much, things that wouldn’t have happened if there was no lockdown at all. The country has been in such a mess, but I believe by God’s grace we will get through everything that has been happening.
|
|
|
Lol this must be the dumbest central bank in the world, seriously how do you just start closing people’s accounts when you have not even given out a first warning to let them know that they shouldn’t be involved in crypto trading? They don’t just start closing people’s account without letting them know, it’s totally wrong, they should first warn them and give them time. I even saw a topic opened by someone living in Nigeria and he said someone there had his accounts blocked the same week they made this announcement.
Well, it’s their loss, because they will be losing big crypto companies like Binance, so that’s a loss a for them too. And it’s not like people there will stop trading crypto lol. I don’t know why governments always think that by banning crypto, they can stop money laundering, they have forgotten that having centralized exchanges helps them keep an eye on what’s going on in the crypto world, when they decide to ban all these centralized exchanges that means they will lose sight of everything taking place in the world.
|
|
|
This is the most amazing picture I have ever seen. How beautifully elaborated all major mistakes within few words ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.postimg.cc%2F25NNtHkM%2FScreenshot-20210306-143510.jpg&t=665&c=eKgCqxqnZKyAfg) Many people will keep on making these mistakes. Interestingly enough, after being in the crypto world for a while I realized something very upsetting, obviously there are some people who make these mistakes because they do not know any better and thats why they make these mistakes, but the reality is that we have a lot of people who make these mistakes while also knowing these things. You may think if they know these things and even tell others to be careful about it, why do they not act carefully about it? Well, reality is that we are talking about humans here and in human nature making a mistake caused by greed is something and people feel greedy and suddenly end up becoming a noob all of a sudden at the face of a potential profit. Obviously we are not seeing too many of them these days but we still have a lot of experienced people get loss in search for a profit.
|
|
|
Stable Coin is stable coin because none will add extra value to your assets only just to preserve the value so why looking for who is better, I think rather you look for who is more secured that will stick around for long, usdt seem to be the most used but with many fud surrounding it, I sometimes use Busd and to me seem more secure, and as for Dai i have never use it, I only stick to the ones I have used, but the choice is yours.
A lot of people just want to save their profits in stable coins so that they can buy BTC when they wish so it is a real concern which stable coin one should use in current time when tether is facing so much heat and there isn't any good decentralized stable coin apart from DAI. of course many choose USDT to save assets because this stable coin is a coin that is already popular in the eyes of crypto users many advantages one of them is a transaction tool low fee fast network and has multiple platforms, I always save my assets to USDT when bear season comes
Yes, that's the only option right now but the problem is that Tether controls everything you hold and they can dump the market if they wish, I don't think they will or should but risk is always there. I would agree on low fees if it's the TRC-20 version but the erc-20 USDT is another matter. We all know the congestion and the high fees over the ethereum network. I'd prefer BUSD when we're talking about fast and cheap.
I don't think fees is playing into anyone's mind when we are looking to save money for future and only have to spend the transaction fees once when saving and again when withdrawing.
|
|
|
Just a novice question here: what happens if you hold x amount of a stable coin in one of the many lending crypto platforms available (crypto.com, youhodler, nexo, etc) and that coin fails and goes Kaput? Do you loose it all? or are your assets moved to another token or FIAT?
That is why there is so much concern and speculation around the centralized stable coins because they can shut the market anytime they wish and because they have an unlimited supply, it can be easily achieved. I don't think this has happened with any coin but there is a possibility with some coin in the future as more and more stable coins are now making their way which is where it gets dangerous. Like when the ICO market was at its peak, a lot of scam ICO were launched which ultimately killed the whole market. Solution: Just buy Bitcoin and HODL. You get way too many gains than those risky defi platforms
Maybe another solution can be to keep USD instead of stable coins in the balance and withdraw to your bank, it might come at a small fees for withdrawal and then again for depositing but it is much safer as compared to buying a stable coin and specially if you are planning to hold for a longer period. If you are planning to hold stable coins for a few weeks or months then there ain't that much risk.
|
|
|
Institutions has contributed to the increase indeed, but whether institutions or no institutions, we are still going to find the market heading towards the high price as it did, the only thing is that it’s going to take time for us to reach there, but it’s definitely going to reach there. I would have even preferred that there are more of retail investors than we have all these big institutions; that way the coins will be more distributed than one institution holding a bunch of it.
But anyway, it is good that we now have lots of institutions, there are still pros to every cons, in lots of ways they have contributed in the level of trust people have in this.
|
|
|
We should learn that we must know where to put ourselves in regarding on tweets of a wealthy man who puts cryptocurrency on trends.
Also what makes it more attention worthy is which crypto he is promoting, if he was promoting BTC, which he does though, I have no problems at all. But, promoting a dead coin like dogecoin is something I never thought he would have done, not entirely sure for what reason he did that. I totally agree that it should not be something like dogecoin, but dude is not doing it for investment advice, and if anyone listens elon musk for investment advice, isn't that sort of their problem? I mean there is really nothing wrong with anything elon musk does because he is just saying he likes some coins, I say the same thing as well, I say I like this coin or that coin but nobody listens, which means he is doing something we all do but since he is famous that becomes a problem for him. Instead of him ignoring everything and start not acting like a regular person, we should all treat him like he is a normal person because he is, just because he has money doesn't mean that he would be smart about which coins to pick, people act like he can decide which coin would go up, all because they think he may buy a lot and increase the price as well.
|
|
|
Trading signal groups are scam so don't get deceived, almost everyone knows how to buy on an exchange because that is how they used to have their first cryptocurrency or atleast it can be learnt using simple Google search.
If someone wants to be a regular trader then they need to have skills on analysing the charts and back-up plans if they lose their capital.
Signal groups are both a scam, and not a scam at the same time. They are a scam by logic because they have done nothing that would provide proof of profit because they are dealing with "signals" which is just basically indicators hitting right points, and that is not a guaranteed way to make money, it doesn't mean that you will profit, which is why there is nothing we can do with signals that guarantees profit in the end. There is a situation where we will end up with people who mean "good", they could be good people who think they are doing the right thing, which is why I say they may not be scammers, but the reality is that if they are not doing anything that scams others, but doing something that promotes a chance of profit because they believe in it but still fail to provide profit, they are just unsuccessful people and that's it.
|
|
|
1. ETH 2. BNB 3. ADA ... 6. XLM
I like a few of the coins on the list, but not all of them and I would like to add TRX to the list solely because of the cheap transactions that are possible on it and because of how many transactions are being done on it, because of the ethereum blockchain being clogged up. As for XRP and DOGE, sorry to say that I am not a fan in any of them. Not sure yet about DOT and TRX. That’s just my picks.
No one has great feelings about DOGE, but I feel like XRP has always been a really good coin for me. I know they have some pending problems with SEC but as a token, I am using it for a long time now and I never felt any problems. Ripple missed out on this bull run because of their problems and I actually feel bad for XRP investors. There were talks of XRP reaching the next levels but this mess with SEC has left XRP in an awkward spot now.
|
|
|
It's necessary for me, for a new coin every publicity small or big should be considered, the coin has a huge potential for them not to need Bitcointalk for their announcement, Bitcointalk is a big publicity site, all discussions here are indexed in the search engine and open to all potential visitors, all I know they don't want to be criticized if they do not want to open a thread here.
And you know what, even the best projects have had the time to create an announcement thread, giant altcoins such as Ethereum also created topic and announced their project. I don't know why any project would not want all the possible attention and investors they can get by just dedicating a few minutes of their by creating a thread. They are just unaware about the existence of Bitcointalk forum should be the only logical explanation. Bitcointalk and telegram channels are the only medium through which they communicate with the community because FB, Twitter are meant for announcements rather than discussions and for any project to gain investors and interest, they must communicate with the potential investors.
|
|
|
Trading using a demo version is not a waste of time because that will help us know how to analyze the market and practice our skills. Every people can start trading, but that will depend on how they can understand the lesson and analyze the market.
The problem with demo money is that you will not be serious about trading with those funds. I have done trading with not demo but very little amount in past and I can easily tell you that when your life savings are at risk, you behave and trade differently as compared to when you trade for fun and learning. Demo trading is important, to hone our skills before jumping into real trading. and demo trading is intended to control the market situation, so that we are not awkward. Not solely a demo trade is provided, but to help traders get to know the trading system more closely and assess the basic trading principles they will face.
If you are using a demo account just because you want to learn aspects of trading like how to use stop-loss and how to do leverage trading and futures then maybe it is worth trying with a demo account indeed. But if you know all these features and the sole intent with the demo account is to just test your strategies then I rather suggest going with the real account.
|
|
|
Fear : If you want to go far in profit making in your business don't trade with fear because fear has led many traders to zero level in profit making. Try to avoid fear when trading with bitcoin because those that trade with fear hard them to achieve anything good from their trade.
At certain points in your trading, you should have the fear though because fearless trading without understanding the risks can be sort of gambling where you are just being overconfident with the decisions you made and ready to lose money but not sell some assets for a minor loss. Dump: Always carry out your personal research to know if truly the price will dump more than that before purchasing that particular coins that will help you to achieve something good in your trade.
It is the most challenging thing to do actually and I have done all kinds of analysis and research but still some ICOs were able to fool me until I completely stopped investing in ICOs. Fake information: there are fake information all over the social media which can lead anyone to trade with wrong people in the market. Try to avoid any fake information for you to go far in your trade .
That is a very good point actually because a lot of FUD is spread all over the internet and similarly there is hype and FOMO created at times, avoid them all and at any cost, I agree. Bad project: As a trader who want to become a professional in the future must avoid bad project that look like original project that can reduce any trader at anytime in the market.
I would say avoid taking the risk and don't invest in any ICO and rather wait for the exchange listing at the very least and once the coin has a decent market cap you may invest some.
|
|
|
latest trend of 'work from home'
Whilst I'm sure there will be more WFH after the Covid pandemic subsides, I don't think it will be an abrupt 100% shift. Big companies have obviously seen that WFH is viable, and they can massively reduce the overhead of maintaining expensive physical offices... but many companies I think are not ready for 100% WFH. The near future I think for many large companies with white collar jobs that can be done remotely will be a hybrid model where you still go into the office x days a week, and WFH the rest. This way they can reduce office space and costs without throwing it away entirely. Businesses tend to be cautious. I think physical spaces will retain a foothold, at least for the moment. We actually already had an abrupt change right now, sure not everyone will start working at home, but I am sure companies who have seen the results of these days where people worked from home could make a decision based on this as well. How? Well if during this period even with coronavirus, they have seen increase in profit and productivity, some companies may say they will stay at home even after coronavirus is over and not a threat like it is right now. This is why I honestly believe that we should be looking into work from home as being a viable option if only if it is helpful for the company, sure it is great for the workers, who would want to go to work, but if it is not profitable then business' will not do it. There are few big companies here who changed to full time work from home forever, not "until further notice" from now on they are like that, sure there are still people working at office as well but %90 moved to homes for good, that must mean they made more profit this way.
|
|
|
All companies that have bought Bitcoin will sell it at some point, and this point will mostly be this year.
They will sell at one point obviously otherwise it doesn't make sense to buy it in the first place. They will all sell within this year? I do not agree because different investors and companies have different mindsets and strategies about divesting their investments. Also if everyone sells at the same point, no one actually benefits as the market gets shut down completely. I suggest we must stop making theories when the price is pumping because we already made enough theories when the price was dumping, so we need to calm down and appreciate the growth we have seen this year. Just sell when you feel that the price is higher than the value of bitcoins, if you understand what I mean.
|
|
|
|