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3021  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto wealth can only be built in bear market on: April 14, 2022, 02:00:40 AM
If you are a good investor, you know exactly how to take advantage every market's condition, regardless its bearish or bullish. But for some newbies out there, its best to start building your wealth when all the coins are still cheap and affordable. Or better yet, do the dollar cost averaging, buy in every price drop. And when you see the price starts to become bullish and has gained a lot of increase, then take time to sell. That is a good preparation to buy back and hold again when the bear market comes back.

Newbies are often driven by hype, so they will invest during a bull market in order to avoid losing the chances of making a quick buck. But that's not the way crypto works. The moment they see prices falling down the drain is the moment they think crypto is dead. Only smart people will buy crypto during bear markets in order to make a lot of money in the long term.

No matter if the market is bearish or bullish, you can still make money with crypto during its ups and downs. The extreme price volatility often makes crypto a better choice than traditional stocks for short-term gains. Trading is not for everyone, so I'd advice anyone to proceed with caution. Just my thoughts Grin
3022  Economy / Economics / Re: Regulation seem like the only option left on: April 14, 2022, 01:55:29 AM
Because the banks and government can’t do anything about cryptocurrency since it’s unstoppable and contagious, regulation is the only option for them. If you look at China right now, they are criminalizing those people who are engaging in cryptocurrencies whether for trading, mining, etc.

They may have outlawed cryptocurrencies by imposing an outright ban within China, but the cryptocurrency activity can’t be stopped because there are still some Chinese who are engaging with it and has so much belief about it.

Regulations are as far as the government can get in order to try to "control" crypto at its fullest. But they won't be successful at the end, because of the way crypto is designed (decentralized and censorship-resistant). China may have made crypto "illegal" to own, use, and/or trade. But people can still get access to crypto "behind the scenes". If crypto was centralized, this wouldn't been possible.

We should expect more regulations from other countries as crypto becomes more popular in the mainstream world. This is no reason to be alarmed, since governments will do anything in their power to keep Fiat afloat as much as possible. As long as crypto remains decentralized, we should have nothing to fear. Just my opinion Smiley
3023  Bitcoin / Bitcoin Discussion / Re: Are Your Kids Aware Of Bitcoin? Teach Them. on: April 14, 2022, 01:49:12 AM
I agree with you that children should be taught about Bitcoin. Who knows, it turns out that your child is indeed talented in investing and the like, so that indirectly you can also develop the potential of your child using Bitcoin. However, if the child really can't and is not able to get to know Bitcoin, it's best not to force it because it will have bad consequences and the results will not be as expected. But if the tone persists so that your child wants to get to know Bitcoin, you must have the best possible tricks to gently attract the child's heart and interest. Bitcoin provides freedom compared to fiat that is bound by the government, besides Bitcoin has also helped many people to achieve life or economic conditions better.

If kids are educated about Bitcoin today, they can become the new generation of a cashless society. The pioneer cryptocurrency is the same as cash, where it can be used without any credit checks or without giving any personally-identifiable information whatsoever. I think kids will massively adopt Bitcoin because of the many benefits it provides over existing Fiat. If a kid invests into Bitcoin today, he/she can become extremely wealthy in the future. How to make them understand something as technologically-complex as Bitcoin is the excellent question. Many kids use smartphones and other complex devices today, so I think teaching kids about Bitcoin shouldn't be much of a challenge. Just my thoughts Grin
3024  Alternate cryptocurrencies / Altcoin Discussion / Re: Which alternative smart contract platform is best? on: April 14, 2022, 01:44:14 AM
In my opinion, it is very good that we have a choice. I'm not saying that we need hundreds of different blockchains, but a few more will definitely be useful. Competition is always healthy for the market.
There is no doubt that at the moment the most practical (cheap and fast) network is BSC. Other blockchains are not bad either, but BSC is definitely growing the fastest.

BNB (native cryptocurrency of BSC) may be a good Ethereum alternative, but it's still heavily centralized. The same can be said about Solana, TRON, and other high-performance blockchains. That's what you get when you sacrifice decentralization for high-speeds and cost-efficiency. I think there's no platform that is "best", since it all depends on your specific needs. There are a plethora of platforms on the market aiming to "beat" Ethereum, but they will always remain one step behind because of their unreliable and heavily-centralized design.

I'd say Polygon (MATIC) is a better choice than BNB simply because it's faster and cheaper to use for "De-Fi". The cryptocurrency is trading below the "double digits", as people haven't noticed its true benefits yet. If Solana went sky-high at a very fast pace (even though it's centralized), then Polygon (MATIC) can do better. I'm fine with having more than one platform as long as decentralization prevails in the long run. Who knows how strong the "De-Fi" space will be in the future? Just my opinion Smiley
3025  Alternate cryptocurrencies / Altcoin Discussion / Re: Stablecoins or CBDCs? on: April 14, 2022, 01:38:41 AM
CBDC of US will be probably the same as stablecoin, with the difference one is centralized by a government and the other is centralized by a company (which is still regulated by the government anyway), so they are pretty similar. Maybe CBDCs will be more precise at the 1:1 ratio conversion than stablecoins, but I'm not sure yet.

Between the two options I prefer to pick the less bureaucratic one. I expect CBDCs to be harder to deal with due to regulations and limitations imposed by each local government, so it's likely I will keep with stablecoins, but if CBDCs are going to be user friendly currencies I see no problem in adopting them as well.

Both stablecoins and CBDCs are basically the same thing. They're essentially a "digitized" version of Fiat. The only difference is that one is backed by the government and the other is backed by a company. I'm pretty sure centralized stablecoins will cease to exist in the future due to increasing government pressure. We'll be left with CBDCs acting as a replacement against existing stablecoins.

What we're experiencing now is just a "prototype" of what's coming in the future. After all, stablecoins are experimental grounds for CBDCs. What matters is that crypto stays decentralized in order to give people an "escape route" from the corrupt monetary system controlled by central banks and governments alike. While Fiat won't be going anywhere soon, decentralized cryptocurrencies will become a major contender against it. Who knows what the future will look like with both CBDCs and traditional cryptocurrencies in play? Just my thoughts Grin
3026  Economy / Collectibles / Re: (Group Buy) jmbullion.com $2 Bitcoin Legal Tender Note on: April 13, 2022, 03:09:42 PM
One note for me, please. Payment incoming shortly. Thanks Mopar! Cheesy
3027  Other / Archival / Re: Bitcoin at $1 000 000 by 2030 on: April 12, 2022, 05:30:16 PM
How is inflation and the btc price related? or why can inflation up the price? I know that when there's an inflation, the price of the goods are rising but I heard this also leads for people to invest, is that what you guys mean?

More people will invest in btc the more/higher the inflation have become but be careful what you ask/wish for as hyperinflation can happen but isn't this a bad thing for the economy and the way we people live? Are we sure we need this only to see bitcoin reach that 1milion dollar that most of us are assuming? Why can't we just do it on a natural way without harming the innocent individual only for our own good. There will still be a demand for btc with or without inflations.

If you know a thing or two about "economics" you'll notice that inflation makes things go up in price at a fast pace. By logic, something that's scarce (such as Gold and Bitcoin) should be able to go up in price as demand increases like crazy. More demand = higher price in the short term. If demand continues to be high for Bitcoin, then it's probable it'll reach $1m by 2030.

I'd advise anyone to buy Bitcoin now while it's still "cheap" before it's too late. The current bear market made Bitcoin go below $40k of its latest ATH (which was around $60k). If you take advantage of this opportunity, you'll have the chance of becoming rich in the not-so-distant future. Ultimately, Bitcoin is all about utility (not the money). As long as you find it useful as an alternative to Fiat, nothing else matters. Just my thoughts Grin
3028  Alternate cryptocurrencies / Altcoin Discussion / Re: Does Solana have a future? on: April 12, 2022, 05:25:14 PM
Lol, well this is bitcointalk, what did you expect from the quality haha. And obviously they are not competition to bitcoin, they never were, and they never could be anyway. I wouldn't say shitcoin pile to where they are, SOL could be a bit shitty, I sold mine because I feel like it is way too centralized with how they are controlling the blockchain and I do not like that, even BNB is more centralized and doesn't do those things which is a proof that SOL is not only centralized by authoritarian as well.

But, people like that would defend it no matter what happens and because of that reason I believe that maybe they can have a future, not a deserved one but a hyped one, kind of like doge.

Solana is extremely centralized, so I wouldn't consider it as a serious long-term investment. Most people don't care about this, so they will still pour money into the cryptocurrency as long as they're able to make profit in the shortest time possible. Knowing that crypto is mostly driven by hype, I'd say there is a future for Solana. How far will it go in terms of price, will greatly depend on the rules of supply and demand.

I hope the project's developers do the right thing by prioritizing decentralization in order to make Solana stand the test of time. Everything is open sourced these days so if Solana fails, another project based on the same technology will take over the world by storm. As long as Bitcoin remains as the "King of Crypto", nothing else matters. Just my opinion Smiley
3029  Alternate cryptocurrencies / Altcoin Discussion / Re: How would crypto fare without centralized exchanges? on: April 12, 2022, 05:21:12 PM
Well, sorry to bust your bubble @op, centralized exchanges won't be banned, at least, not the big ones that comply with the laws of the land like binance, coinbase and the likes.
Government need money and more money, and even more money, and sometimes, they don't care how it comes, as long as the money is coming.
To be sincere with you, governments don't have a problem with crypto, why it seems they are so head bent on banning crypto is because they haven't figured a way to tax users yet, as soon as they figure out an effective way of taxing users and holders of crypto, you will see that all this threat and brouhaha of banning crypto will be a thing of the past, their major anger right now is that citizens are moving their fund to crypto to invade tax, once the government of the world figure out a way to effectively tax crypto holders and crypto business owners (this includes centralized exchanges), you will see that crypto will be made legal in many (if not all) countries of the world.

Then why China decided to ban crypto exchanges and miners when it had the opportunity to collect huge profits (taxes)? If China did this, then it's possible other countries will do the same if they see their monetary system (Fiat) being threatened by crypto. It's as simple as that. A crypto world without centralized exchanges would certainly look a lot different than what it is right now. It's likely prices in terms of Fiat will be much lower because institutional investors and other big players will be left out of the game. Decentralized exchanges will take over the industry, but mainstream adoption will be so low that crypto won't be as recognized the same way as it is right now.

If you're into crypto because you believe in its technology, then this wouldn't be much of a concern to you. But most people are into crypto for the money, so they would simply panic when their government takes the approach to ban crypto altogether. What matters is that crypto stays decentralized in order to stand the test of time. As long as it stays that way, there should be nothing to worry about. Just my thoughts Grin
3030  Economy / Speculation / Re: How come BTC is not at least $75,000 yet? on: April 12, 2022, 05:15:14 PM
It really isnt, thats the big flaw with your reasoning and perspective most likely.   Dollar is king and fact that BTC is this high still is admirable.    I wont speak any defense for the Dollar because its likely the most overvalued currency to ever exist as world currency but it is being used for that purpose and thats the reality right now.   There is only 1 super power nation in the world and thats USA,  Dollar is a very influential currency and vital if you want to trade with the rest of the world properly and with fair market prices.   Thats important because this world is a global economy now, the local price for goods isnt half as high as markets far away from the source.
  So right now Dollar compared to other currencies is overly strong, vs real value I tend to agree you but we're talking finance so its about all the currencies used not real goods so much.   EURO is really not in a good place, their bank has done some extremely biased political actions to prop up Italian debt and all kinds of things to help governments over the people who might live there.   YEN is horribly undermined also, technically they can collapse if it werent for QE.  All the components indexed vs Dollar are weak hence any price in Dollar is now suffering some pressure in that higher demand for Dollar.

Dollar is still king, probably because no other currency in the world has the same strength and widespread recognition worldwide. Despite ever-rising inflation, the US Dollar's position as the reserve currency of the world has remained untouched. Unless the US economy sinks to a point where there's no recovery, I don't see the USD being replaced anytime soon.

The reason why BTC isn't valued at $75k yet is simply because not many people know about it. That, and the fact, that mainstream media and haters are doing their job to spread FUD, prevents prices from going any higher within the short term. There's also the Russia-Ukraine crisis which severely affects global market prices of both stocks and cryptocurrencies. Sooner or later, Bitcoin will reach more than $75k due to the way it was designed (with deflation in mind). The higher the inflation for USD is, the higher the chances for BTC to increase in price will be. I'm in no hurry of seeing this become a reality as long as Bitcoin works as intended. Remember, BTC is not about making money but rather serving as an alternative financial system for day-to-day payments. As long as decentralization wins, nothing else matters. Just my opinion Smiley
3031  Bitcoin / Bitcoin Discussion / Re: Will "hyperbitcoinization" become a reality? on: April 12, 2022, 05:11:50 PM
We have El Salvador example as a first experiment of a government endorsing and incentivizing bitcoin adoption, although the results aren't satisfactory.

Even though bitcoin has become legal tender there, most people still don't adopt it for real. They have just claimed the 30$ btc giveaway and most probably converted it to dollar currency in order to use the money, abandoning bitcoin from that moment on.

As we can see, friendly crypto governments aren't enough to push adoption upside in large scale. The situation is more complex than that, at same time it summarizes in lack of interest from common citizens for bitcoin.

Taking this into consideration, I don't see bitcoin replacing fiat in daily life for the next few decades. Only future generations can develop a new mindset which will allow them to see bitcoin's potential on their routine as main exchanging tool for goods and services.

That's the problem. Most people see Bitcoin as an investment rather than a digital currency for day-to-day payments. As long as this is the case, "hyperbitcoinization" will be lightyears away from becoming a reality. Apart from governments adopting it as legal tender, there needs to be widespread support from businesses, corporations, and individuals alike. Things would've been different if people started valuing things in Bitcoin instead of Fiat. Not only that would help "stabilize" Bitcoin's price, but also leads us one step closer towards "hyperbitcoinization".

I'm in no hurry of seeing this becoming a reality as long as Bitcoin works as intended. Decentralization must prevail in order to give people an "escape route" from the current monetary system controlled by corrupt banks and governments alike. Who knows what the future will look like as Bitcoin becomes bigger and stronger than ever? Just my thoughts Grin
3032  Alternate cryptocurrencies / Altcoin Discussion / Re: Stablecoins or CBDCs? on: April 11, 2022, 05:31:57 PM
I think that they will coexist.

Personally, CBDCs aren't going to be used on a day-to-day basis for most international or online transactions simply because of the fact that it is traceable and the government is likely going to have control over the ledger.

There is still going to be a need for stablecoins, especially algorithmic ones, to ensure that governmental pressures do not result in loss of funds. Although for centralised stablecoins this is going to be increasingly difficult anyway.

Algorithmic-based (decentralized) stablecoins might co-exist with CBDCs, but centralized stablecoins backed by real world reserves will eventually die in the long run. That's because governments will increase pressure on centralized stablecoin issuers to close up shop. After all, they don't want to lose dominance over their newly-launched digital currencies. Existing stablecoins such as Tether (USDT) and USD Coin (USDC) are just experiments for what's coming in the future. Once the US Digital Dollar is born, there will be no reason for such coins to exist anymore.

Things are developing rapidly in the crypto/Blockchain space, so it's hard to predict what will happen in the future. I don't mind about stablecoins and CBDCs as long as decentralization prevails in the long run. Just my thoughts Grin
3033  Economy / Economics / Re: Will sanctions force Russia to create a CBDC of its own? on: April 11, 2022, 05:26:14 PM
They could if they wanted, but there isn't an incentive for anyone to adopt a ruble based CBDC. If they want to create a system that is more immune to sanctions, would seem a whole lot easier just for people to adopt Bitcoin instead. Perhaps I'm being shortsighted - if the ruble is increasingly becoming worthless, digitalizing the currency serves no purpose. It's not as if ruble is a reserve currency. CBDC's just give more central authority to the major banks. Problem with the current sanctions is that their economy and assets are being frozen, a CBDC won't fix any of this.

You do have a point there, mate. But what if Russia decides to create a CBDC backed by Bitcoin itself? The new digital currency can work as a sort of sidechain that would gain all of the security of the main Bitcoin blockchain. If the Russian government takes this route, I doubt sanctions will be able to affect its economy whatsoever. Besides, Russia still has allies supporting it.

Most of the world's countries may have rejected Russia, but there's still a small minority that are willing to support it every step of the way. No one knows what's in Putin's mind right now, so the only thing we can do is hope for the best. Who knows what will be of Russia's economic system in the not-so-distant future? Just my opinion Smiley
3034  Alternate cryptocurrencies / Altcoin Discussion / Re: Is crypto becoming centralized? on: April 11, 2022, 05:21:08 PM
I also noticed the same. Unfortunately, if someone wants to operate in the open mainstream and in the world of cryptocurrencies, he must undergo regulation and require KYC verification to function legally. However, the cryptocurrency market is constantly evolving, so I think many companies will only operate in the cryptocurrency market and they will avoid regulation and operate anonymously. I think that everyone will find something good for themselves. It's just that everyone will take a piece of the cake for themselves, but it looks like regulated companies are taking more and more of it.

There are always some hurdles when you want to go through the "legal" route. Regulations will force businesses and companies to comply with KYC/AML laws or face serious consequences in the long run. It'll be up to the person himself to choose an alternative that's decentralized by design. Such an alternative would be "impervious" against regulations, making it a "safe-haven" for people seeking an "escape route" from government surveillance.

While increasing centralization is a concern, there's still hope thanks to the way crypto/Blockchain tech was designed. There only needs to be one decentralized cryptocurrency for Satoshi's vision to be fulfilled. As long as the community preserves Bitcoin's decentralization, nothing else matters. Just my thoughts Grin
3035  Economy / Speculation / Re: Will Bitcoin's price stabilize someday? on: April 11, 2022, 05:15:35 PM
Below is the definition that I got out of Google

Quote
Stability describe the financial system of a nation that displays only minor fluctuations in output growth and exhibits a consistently low inflation rate.

If we take bitcoin at this position we have low inflation rate, but the fluctuation is high when there a big Whale in the market making a entry/exit in the market. This won't be happening with the traditional market, which is the key element in stabilizing the market.

Bitcoin's price depends heavily on supply and demand. An  asset preferred by investors and traders along with the speculation about price movements have big role in the value of bitcoin. Apart from this, influencers, media hype/negativity, and other big baggers have the ability to fluctuate the market. When these issues gets rectified the market will stabilize.

The problem with Bitcoin is that it's freely tradable across markets (something that's not the case with Fiat these days). You can trade different Fiat currencies through a FOREX markets, but ample regulations make price manipulations largely impossible. I'd prefer people rely on Bitcoin as a standard unit of account than Fiat altogether. I guess the vast majority of people are into Bitcoin to make money instead of using it as an alternative to Fiat. As long as there are big players (whales) influencing the market, we won't be going anywhere. Just my opinion Smiley
3036  Alternate cryptocurrencies / Altcoin Discussion / Re: Which alternative smart contract platform is best? on: April 11, 2022, 05:11:24 PM
You need to qualify what "best" would mean.

Decentralization, stability, transparency, governance, investor vs. whale vs retail ownership, speed, technical, open source, etc., are just some of the factors you would have to weigh to determine what the "best" alternative to Ethereum would be.

Tell us where you think Ethereum was lacking, and which factors are most impoertant

I'm referring to which platform is "best" when it comes to handling high-performance transactions at a fraction of the cost. Without a doubt, Ethereum is the best platform in terms of decentralization/security/reliability. But it fails miserably when it comes to handling massive transactions per second. There are many alternatives on the market aiming to be the best platform for "De-Fi". Ultimately, there can only be one winner.

As much as I like the diversity of smart contract platforms in crypto/Blockchain/land, I'd say the market is oversaturated. So many cryptocurrencies with smart contract features would be too much for the industry. That's the downside of everything being open sourced and decentralized. Maybe fierce regulations will slow down the presence of new smart contract platforms on the market? At least, everything is working as it should. Who knows what the future holds for "De-Fi"? Just my thoughts Grin
3037  Economy / Collectibles / Re: [ANN] [PREVIEW] 1HoDLCLUB Q2 Collectibles ! on: April 10, 2022, 09:02:35 PM
MrCryptHodl always bringing such nice collectibles to the community. Keep it up! Can't wait to spend some BTC on these new releases. Smiley
3038  Economy / Services / Re: [Crypto.Games] ★ Signature Campaign ★ Hero - Legendary[Full] ★ on: April 10, 2022, 12:49:25 AM
payments are on your accounts.

Received. Thank you, DogecoinMachine and Crypto.Games team! Cheesy
3039  Economy / Collectibles / Re: Polymerbit Miami 2022 — conference edition - 32 notes remain on: April 09, 2022, 02:10:39 PM
One note for me, please. I will be sending the BTC in a few hours from now. Thanks! Cheesy
3040  Alternate cryptocurrencies / Altcoin Discussion / Which alternative smart contract platform is best? on: April 08, 2022, 09:37:43 PM
Ever since Ethereum launched back in 2015, a plethora of smart contract platforms have taken the world by storm. The first-ever alternative smart contract platform was Expanse, followed by Ethereum Classic after the controversial "The DAO" hard fork. The vast majority of alternative smart contract platforms have been created with the aim of "defeating" Ethereum with their unmatched performance and cost-efficiency. There are many popular smart contract platforms on the market. But only one may prove to be the best among them all.

Which alternative smart contract platform do you think is the best? Is it Polygon, BNB, Cardano, or Solana? Do you think the market is saturated with too many smart contract platforms? Or is there still room for growth? Will Ethereum remain as the "King of "De-Fi"" for long? Your input will greatly appreciated. Thank you very much. Smiley
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