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There is no denying how some personalities can have a lot of influence and power over some digital assets. What we are seeing with the relationship between Elon Musk and Dogecoin can be a very amazing story. But that is just half of the story because no matter how powerful or influential a person is perceived to be if the market will not anymore be listening that perceived power can be inutile. The fact is that there are many who are listening to anything what Elon is saying even if they can be vague at times. I would say that it must be a fusion of two things: the credibility that many are bestowing on Elon and the critical number of people who are subscribing to his credibility.
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The people of Coinbase understand well the marketplace, and they know which sector has that big potential for immense growth, so they must have sensed that eSports will definitely be growing at a tremendous growth rate and that there is a massive amount of money that can be made in this industry. Plus they know that eSports can be ripe for cryptocurrency and Coinbase is now positioning itself to be the biggest exchange platform especially in the gargantuan USA market.
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One of the biggest reasons why people prefer to look cryptocurrency as a store of value and not really as a replacement of paper or fiat money is because there is no critical mass of people that are using them everyday for common purchases of products and services. Once we changed this perceived bias, we can see cryptocurrency really rise to its intended use - that of becoming the preferred medium of exchange between parties. And the good news is that this bull run and pumping of cryptocurrency has become an effective impetus for companies and organizations to adopt cryptocurrencies the way it should be.
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I am just an ordinary guy involved with some cryptocurrencies and I have to admit that up to now I still have to learn the many technicalities in trading. I am usually guided by my own guts or feelings which is bad in trading. That is why I prefer just hodling - waiting for my coins or tokens to rise up in value. Now, there can be a big dilemma when there can be a pump, and I am tempted to let go but at the back of my mind there is that voice telling me that there can be more pump later. Definitely, determining which is the peak period can be so difficult and nobody is really so good on this aspect.
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Right now, the interest accorded to Bitcoin by institutional buyers remains to be very bullish, and I am not surprised if soon we can hear many reports of this and that taking advantage of the opportunity to buy and hodl this dear coin. As the market is expecting that BTC can soon be reaching the $100K level, we can expect more and more people to consider this digital asset primarily to invest and make more money. This is the time to really ponder and to make sure that we have Bitcoin in our wallet.
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I admire this mayor of Miami. He must have realized that Bitcoin is unstoppable and that eventually the dollar will be losing to the dominance of other countries like China, Russia and Germany. The only way for the USA to maintain its global economic dominance is getting ahead of Bitcoin and of the blockchain. I am hoping that Miami will be offering also many good incentives to Bitcoin mining locators so that gradually we can wean this area of Bitcoin away from China. Let this be a real-model of Bitcoin application of a real geographical area.
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I am sure that there can be a good number of people who are workers and are getting attracted with Bitcoin. However, this may not be that easy for any company to implement so the best thing to do is to educate these workers on how they can themselves invest with Bitcoin. Even Tesla as of the moment is not paying their workers with Bitcoin - correct me if I am wrong though. In the past, there were reports of some companies issuing salaries in the form of Bitcoin, but I realized they must have been just marketing ploy as nothing then happened after some months especially when BTC entered into its winter stage. Anyway, this is a good option to explore and I am sure that those who are eyeing on cryptocurrency will be excited to get paid in Bitcoin. Or maybe we should also encourage our freelancing sites like UpWork or even Fiverr to implement this idea themselves.
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Well, in case this is true that China has again clamp on Bitcoin mining, then this can be good news since many of the operators might transfer to other countries or territories but as far as I know the China government is not ignorant to the fact that Bitcoin mining as an industry is bringing in money to the country, so I don't see the rationale maybe except if the operation is doing it without the necessary license as China is also concerned that power is not taken away from the usual consumers. Anyway, I am not in anyway bothered by this video since miners can just leave the country if they really want to.
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Yes, of course, it can be expected that the entities mentioned above will first and foremost protect their own business interest because that is why they are and what they do - they are doing business for money, for profit and certainly not here to be a charitable or even a religious organization with noble intentions. That is the fact and these organizations are not hiding those intentions from the public. Now, having said that, this is better than nothing at all. I mean it would be better for the whole cryptocurrency industry to have those entities banding themselves and be the channel or medium carrying what this expanding industry may want.
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The only way to make Bitcoin really function as a currency is when many merchants are accepting it as the best option to pay for products and services as well as a critical number of people using their Bitcoin to pay for them. I think the main thing that can be holding people from doing this is the high speculation surrounding Bitcoin. At any rate, aside from a good advertising exposure, accepting Bitcoin for rental can already be a giant forward for the adoption of this cryptocurrency. I am hoping the landlord would be giving a good discount if the renters are gonna choose Bitcoin.
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Well, it is the time for TRX to also experience some bull season of its own. In my view, this has been overdue and it is good that finally it is given its space to make some pumping. I believe that TRX is quite deserving of this latest move. TRX has been a good platform and has a strong supporting community of its own with the popular Justin Sun at the helm. And this is always my favorite when sending coins as the transaction cost is quite negligible unlike the ridiculousness happening in Ethereum (don't worry I also love Ethereum and its Vitalik Buterin).
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I think this sad story already happened to many people and at the end of the day it is the responsibility of the user to make sure that everything is done according to the letter. Personally, I actually triple check everything before I press the SEND button because I hate to go into the hassle of dealing with anybody's support. Binance has not failed to give us warning or notice to make sure we are doing things right. This is one of the many hazards in dealing with cryptocurrency, and we have to accept it.
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I am more inclined to believe that DeFi will eventually the big winner if there can be a race between the two. Now, am not saying that NFTs will not be a big thing but the way I am seeing it is that a big percentage of the trend is just based on hypes. Eventually the market will be looking for those NFTs that got real value in them and after the smoke is clear those who are just there for the sake of just making money will be left out. In NFT anybody can be producing them and am sure that there are already platforms where even a child age 4 can be issuing his own NFTs.
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I am here in Asia and I understand that for whatever reason Facebook can ban us from using or doing business like advertising on it. What I understand is that Facebook is using A.I. in dealing with things like this. I think this has nothing to do with race at all. I mean it can happen to anybody and I applaud that someone is protesting the very system that Facebook is using. And though I am actually a little bit tired of people using the racism card, I am supporting anybody who is going against Facebook. By the way, I am using "against Facebook" term because I don't believe that Mark Z. has a personal or even a corporate interest with your situation - Facebook is a big corporation and Mark Z. is not micro-managing things there he got many men and women working for him and even a bot for approving and disapproving things. So good luck and more power.
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There will be many questions that can be answered once there can be finality in this case lodged on by SEC against XRP. However, winning the case will not mean anything to the question of decentralization. I think we are already aware that XRP is not decentralized, unless they will decide to change its foundational nature after the case is settled, of course. The claim that is similar to Bitcoin or Ethereum can be touching on the fact that is not a security in nature because if it is proven that it is then it can have a big problem.
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Despite its many disadvantages, we know that USDT or Tether remains to be the number stablecoin utilized by many in the cryptocurrency market. I am not holding any USDT but when in an exchange it is sometimes unavoidable to use a stablecoin and every time it is USDT that is my choice all because I am more familiar with it. Yes, I agree that it seems the general consensus is that USDT is not that transparent in its minting process and lack of transparency is one of the many things that we are fighting that is why we are in cryptocurrency...this is one area that people in Tether should learn to adopt and internalize.
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