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3041  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Dogecoin 🐕‍🦺 1$ possible in 2022 or not? on: April 18, 2022, 01:30:03 PM
It's possible, For now, many people have mixed feelings about Dogecoin but it has a big place in the cryptocurrency community. Dogecoin has cool memes and that's why I think it's so popular on the internet. Dogecoin is not to make you rich but to spread fun and happiness. It is an attempt to build a cryptocurrency that is widely distributed and used by people all over the world.

Dogecoin has gained popularity among its users due to its friendly nature and the community's willingness to tip each other with this coin. It is no longer special because of its rarity, but it is popular among crypto users because of its popularity among non-crypto users. His success is also directly related to Elon Musk's Tweets as well, for the price of $ 1 definitely requires a process and not directly there by looking at the current market conditions at this time.

Even when Dogecoin isn't meant to make you rich, it's still a fully-functional cryptocurrency for day-to-day use. The Blockchain's been going strong for a couple of years now, so I think DOGE will survive for generations. Whenever it'll reach $1 by the end of the year or not, will greatly depend on the level of hype surrounding it. I seriously doubt Dogecoin will go to $1 within such a short period of time, especially when interest for the cryptocurrency has recently declined. Maybe within 5-10 years from now it'll happen?

I wouldn't care that much about the price as long as Dogecoin stays true to its roots. As long as decentralization is prioritized, nothing else matters. Just my opinion Smiley
3042  Alternate cryptocurrencies / Altcoin Discussion / Re: Does staking even make any sense on: April 18, 2022, 01:25:20 PM
Staking is still too complex and difficult a process for the average user. The lack of proof-of-staking, or the actual rewards provided, is what holds people back at this point. While this may very well change in the future, right now it is unlikely that a large number of users will adopt staking as a primary way to earn passive income outside of just sitting on their tokens. Investing on your own requires knowledge, self-control, and the ability to stay away from stress.

Of course. Staking is not for everyone, especially when there's some level of technical knowledge required when doing such practice. There are a lot of risks involved, so staking only makes sense to those who have some spare money willing to lose it at some point in the future. With volatile market prices and fluctuating interest rates, some people may prefer to save money at a bank instead. If you're willing to take risks, then I'd recommend staking over saving money at a bank anytime. I've been staking for 3 years now and have obtained great results. Stablecoins are usually the most profitable especially when the Blockchain in question has low transaction fees.

By investing a small portion of your money every week on "De-Fi" apps, you can build a nice passive income system that will last for years. As long as you don't invest more money than what you can't afford to lose, you'll have nothing to worry about. Wink
3043  Bitcoin / Bitcoin Discussion / Re: Are we entering the era of CBDCs? on: April 18, 2022, 01:20:56 PM
All this would be fine if governments did not go the way of China, after launching their own CBDCs to monopolize the digital payments market. There is no telling how the digital yuan would have evolved or what popularity it would have had if China had not chased all miners out of the country and banned all cryptocurrency activities. The Chinese were taken away from their right to choose whether to use bitcoin or to use centralized CBDC. I really hope that there will not be such cases in the world practice anymore and CBDC will complement the crypto industry, not eradicate it.

China is a communist country so forcing the use of CBDCs is nothing out of the ordinary. They stripped down innovation by banning cryptocurrencies in their entirety. The government doesn't want to lose control over people's money, so it decided to quickly take action before it was too late. China is the first country to launch a CBDC, but there's still a lot of work to be done to fully digitize the mainstream economy. Considering that development of a new digital currency does not happen overnight, it may take years before we enter the era of CBDCs.

I wouldn't care about this, as long as decentralized cryptocurrencies exist. With decentralization, comes freedom. Who knows if the advent of CBDCs make decentralized cryptocurrencies like Bitcoin and Ethereum more popular in the future? Just my thoughts Grin
3044  Alternate cryptocurrencies / Altcoin Discussion / Re: Will cryptocurrencies eliminate the need for credit/debit cards in the future? on: April 18, 2022, 01:15:00 PM
100% guaranteed. I keep saying that crypto is not against fiat, it is against banking and people need to realize this. I mean you may think that crypto vs fiat is a war that is fought for the past 10 years, but they are just alternatives to each other. Imagine how we have survived so long with Europe having euro now (individual ones before this) and USA has dollars, china has Yuan, Russia has ruble and many many other fiat, we just added one more to that and nothing more and it shouldn't bother fiat at all.

However, we are improving the banking system of it so well that after the DeFi hype last year, I am 100% sure that we are going to do very well in the future for sure and eliminate the need for credit cards.

Crypto may never be able to replace Fiat, but it would surely transform the banking system in the long run. With how successful digital currency payments have been over the past years, we may be one step closer of seeing credit/debit cards phased out by banks for good. I guess the future will consist of digital payments via the use of implants and CBDCs. Plastic cards and paper money will be eliminated, paving the way for a fully cashless society. It's probable "Ce-Fi" (Centralized Finance) will make use of Blockchain tech for its own benefit.

What matters is that crypto stays decentralized so it can prove to be an alternative to Fiat. As long it stays that way, it'll be able to last for generations. Who knows if Fiat will live alongside crypto for a very long time?
3045  Economy / Services / Re: [Crypto.Games] ★ Signature Campaign ★ Hero - Legendary[Full] ★ on: April 17, 2022, 10:43:41 AM
payments processed.

Received. Thanks again, guys! Cheesy
3046  Economy / Economics / Re: Passive income : Bank interest vs staking on: April 15, 2022, 06:25:33 PM
The best banking interest you can receive right now is roughly .5% and this is for only online only banking since they do not have the brick and mortar overhead costs that a physical location incurs so they are able to offer higher rates. Now comparing staking to bank interest rates it’s not a fair comparison. Staking involves MUCH MORE risk! These are really two entirely different things.

Exactly. The higher the risk, the higher the reward will be. While staking may seem to be profitable, the risks of doing such practice is much higher than saving your money at a bank. Where to put your money (crypto or banks) is entirely up to you. Believe me, there's nothing better than building passive income through the use of crypto/Blockchain tech. If you're able to manage the risks, staking works wonders.

Someone wise enough would simply rely on both banks and crypto in order to minimize risks as much as possible. By saving money at a bank and staking money on crypto, you'll be able to achieve peace of mind. As long as you "invest" your money wisely, there should be nothing to worry about. Just my thoughts Grin
3047  Economy / Economics / Re: Gold , Silver Or Crypto? on: April 15, 2022, 06:18:39 PM
Many financial advisors suggest gold , silver and cryptocurrencies as the best investment for this decade! what do you think?

I would choose all of them just to minimize risks of loss as much as possible. Crypto may be the best-performing asset of all time, but the risk of loss is higher than it's the case with Gold or even Silver. By diversifying your investment into both precious metals (Gold and Silver) and Crypto, you'll be able to achieve piece of mind in the long term. I usually convert some of my Bitcoin to Gold whenever there's a spike in market prices in order to protect my purchasing power as much as possible. It's a strategy most avid investors do in order to avoid losing it all in an instant.

Both precious metals and crypto have their respective advantages/disadvantages so it's up to you to decide what you want to do with your money. As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Wink
3048  Bitcoin / Bitcoin Discussion / Re: What's preventing bitcoin from worldwide adoption? on: April 15, 2022, 06:10:59 PM
Bitcoin remains to be adopted by every country in the world for various reasons. Here are my thoughts on why..

1. Government policies

2. Scammers and fraudulent practices

3. Fluctuating value

4. Awareness

5. Information hoarding

...

I believe Bitcoin's "fluctuating value" and government policies are factors that greatly affects its ability to be widely adopted in the mainstream world. If it wasn't by that, most people would've already joined the game. Despite Bitcoin's underlying "issues", popularity's been increasing at a slow and steady rate. Right now, Bitcoin is much bigger than it was a few years ago.

For the first time in history, a country adopted Bitcoin as legal tender. Everything seems to be heading in the right direction, so I wouldn't be surprised if Bitcoin reaches a level of adoption comparable to that of Fiat in the long term. No one knows what will happen in the future so the best we can do is hope for the best. Just my opinion Smiley
3049  Bitcoin / Bitcoin Discussion / Re: Goodbye, privacy, goodbye, it was nice while it lasted. on: April 15, 2022, 06:00:39 PM
After yesterday's vote of the European Parliament committee, I have become very pessimistic:
...

...

Everything is changing before our eyes in the digital currency industry. With bans on anonymous transactions well underway, the U.S. SEC circling the likes of Ripple and Tether, and Satoshi’s Bitcoin slowly being understood as an electronic cash system designed for small casual payments that works within the law and which is always subject to it, things are ever so slowly changing for the better. If the EU votes to pass the new rules, it will be another nail in the coffin for the false narrative plaguing the industry[/i]."

And the problem with this is that it sets a precedent and entrenches a trend of increasing state control.

What do you think about it? Are you as pessimistic as me or this article?

Edit: go to page 2 for the key proposals of the draft.

Also: PLEASE REALIZE THAT franky's ARGUMENTS ARE GARBAGE. As they are based on a former draft on a slightly different subject, that didn't pass, as I've shown on page 2.

This was to be expected since governments often see crypto as a threat to the existence of Fiat. The EU decided to "up" their game as they believe crypto can be used by Russians to avoid sanctions. Other countries are tightening regulations for the same reason. Privacy in crypto/Blockchain land was relatively non-existent since centralized exchanges and transparent cryptocurrencies like Bitcoin and Ethereum have dominated the industry for long. There are only a few privacy-oriented solutions, but adoption is relatively low.

What matters is that crypto stays decentralized so that it can stand the test of time. As long as there are defenders of privacy and decentralization, there should be nothing to worry about. Just my thoughts Grin
3050  Bitcoin / Bitcoin Discussion / Re: Are we entering the era of CBDCs? on: April 15, 2022, 05:57:02 PM
Surprisingly enough the Chinese altcoin (digital yuan) seems to be doing fine as they reported a little less than $10 billion worth of transactions recorded on their chain (if we can call it a chain!). There are also at least 2 new ones coming out in the coming months.

Suddenly it seems like the central banks jumped on board of the Bitcoin train but only took the blockchain technology and ran away.

I personally don't care how many of them are created as long as they don't try to ban bitcoin or restrict its adoption in any way (like closing bank accounts of those who dump fiat for bitcoin).
There may even be some silver lining that these CBDCs could replace the stable-coins in the market in the near future and we end up even seeing Atomic Swap capabilities added where you could easily swap one CBDC for another or for bitcoin without the risk of centralized stablecoins (issued by shady companies). That would definitely simplify things for traders while significantly reducing the risks they take.

I think we're still too early to tell, as crypto/Blockchain tech has a lot of things to improve in order to become widely adopted by the masses. There are issues/flaws to be discovered for CBDCs to be as robust and reliable as possible. That is if governments decide to use Blockchain tech for the new digital Fiat system. China may have been the first country to launch a CBDC, but it's still has a lot to catch up before it can become the world's leading economy (if it ever will). People just aren't ready for a fully-digitized world.

Apart from the fact that development of a CBDC will take years, getting everyone to adopt the new digital Fiat system will be quite a challenge. We already have stablecoins, so there's no rush in seeing CBDCs become a reality soon. As long as decentralized cryptocurrencies exist, nothing else matters. Just my opinion Smiley
3051  Alternate cryptocurrencies / Altcoin Discussion / Re: Shiba dump coming? on: April 15, 2022, 03:20:28 PM
SHIB is the very definition of a shitcoin guys. Sorry to break it to you but look at the total supply, it’s basically infinity. Sure people get seduced by the meme coin thing, yes very funny, much troll etc. It has no real future though, invest in serious coins guys.

Money talks, so people will follow coins that are "pumping" like crazy even if they're destined to failure in the long run. Newcomers don't understand what crypto is truly about, so they will make foolish decisions thinking they'll become rich quick. Instead of focusing on the money, people should focus on what makes crypto a better alternative against Fiat. Only then, crypto/Blockchain land would be a better place.

One thing for sure is that Shiba Inu is a "shitcoin" just like Dogecoin, APE COIN, and zillions of other coins being traded on the market. The dump will be inevitable since the coin has no substance to it. You can never expect high prices with something as hyperinflated as Shiba Inu. As a short-term investment, Shiba Inu works wonders. But as a long-term investment, it sucks real bad. As long as you don't put all of your life savings into this "shitcoin", you'll have nothing to worry about. Just my thoughts Grin
3052  Alternate cryptocurrencies / Altcoin Discussion / Re: Does staking even make any sense on: April 15, 2022, 03:15:08 PM
A 95$ annual interest on a 1000$ USDT is already 9.5%.
That is higher than the regular banks right now. How much interest bank gives to the users? Some gives less than a percent annually and there are some who has hidden charges. Also include inflation since its fiat.

I mean there is nothing wrong and nothing laughable with staking coins? Its like holding a stock that gives you dividends. The concept is the same but with different asset only. Why we are doing this? Hmmm maybe because we want passive income? I'd like to invest it into staking coins though than putting it in my bank account LOL.

Exactly. Staking crypto is so much better than just saving your money at a bank. Of course, the risks of loss would be higher with staking than all the other way around. It all depends on what you want to do with your money. I'd choose staking over saving anytime since it's very lucrative in the long run. Most cryptocurrencies reach higher prices over time, so your profits will be even bigger in the future. As long as you don't put all of your eggs in one basket, you'll have nothing to worry about. Just my opinion Cheesy
3053  Alternate cryptocurrencies / Altcoin Discussion / Re: Stablecoins or CBDCs? on: April 15, 2022, 03:10:26 PM
And I'd say that it is a huge difference: CBDC is fiat by itself and stablecoin is a commodity which is promised to be exchanged for fiat. Different levels of reliability: if I don't trust fiat I don't trust surrogate of fiat even more. Less a month ago Cashio Dollar become zero and it supposed to be stable... If dollar one day become zero all stablecoins connected to it will do the same, but bankruptcy of Cashio Dollar didn't lead to bankruptcy of USD.

CBDCs will have more credibility than stablecoins, simply because they're backed by the full faith and credit of the government. I doubt centralized stablecoins will survive as people will prefer CBDCs instead. Only decentralized stablecoins will stand against CBDCs as they don't have any central operator (issuer) behind them. They will prove to be an excellent alternative for those looking to escape government surveillance. I'd focus more on traditional cryptocurrencies such as Bitcoin or Ethereum since they're not directly tied to Fiat. As long as decentralization wins, there should be nothing to worry about. Just my thoughts Grin
3054  Economy / Speculation / Re: How come BTC is not at least $75,000 yet? on: April 15, 2022, 03:05:16 PM
according to my analysis why the price of bitcoin has not reached $75k, it could be because many countries still refuse bitcoin to be used as a legal medium of exchange, even though many companies have accepted bitcoin as payment. because this is one of the factors that can prevent bitcoin from penetrating the new ATH and investors still choose the dollar as a safer investment in the face of unbalanced market fluctuations.

There's some level of resistance from both governments and banks in order to limit Bitcoin's growth as much as possible. With the FUD surrounding the China ban, the on-going Russia-Ukraine crisis, and the US Dollar's ever-rising inflation rates, Bitcoin's prices have stalled. It's going to take a while before we see Bitcoin reaching a new All-time-high in price. Most people are greedy, so they will quickly abandon Bitcoin when they see everything going downhill in an instant. Only a few manage to reap huge rewards by "hodling" Bitcoin during adverse conditions. I'm really in no hurry to see BTC valued at $75k as long as it works as intended. Just my opinion Smiley
3055  Alternate cryptocurrencies / Speculation (Altcoins) / Re: The new star of the stock market is APE COIN!! on: April 15, 2022, 03:00:59 PM
The purpose of creating Ape was to create hype around it and profit nothing more and nothing less. Ape is also a memecoins so if anyone has the opportunity to own it at a cheap price, they should sell it as soon as there are signs of hype.

It's like doge and shiba it's just a joke with no utility so there's no reason to consider it a long term investment.
we should focus on top projects that will be good in the long run instead of looking for hype around shitcoins.

It's all a money grab by the developers. Nothing new to see here. Most people are driven by greed, so they'll invest into this coin even if it doesn't promise any future at all. Crypto was never been about the money, so those who try to get rick quick will go "rekt" in the long run. Instead of focusing on "shitcoins" like APE COIN, Dogecoin, and Shiba Inu, people should focus on serious cryptocurrencies with a proven track record of development and innovation behind them. As long as we have an alternative financial system to existing Fiat, nothing else matters. Who knows how long APE COIN will last? Just my thoughts Grin
3056  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Bitcoin Penny® NFDoodles on: April 14, 2022, 08:04:52 PM
Pretty cool. I've collected a few doodles over the years so an NFT version would be a no-brainer for me.

I'm guessing the NFTs will be created on the Polygon chain, right? It would be so much cheaper than doing so on ETH.

Anyways, I will be watching your OpenSea handle closely for the launch of the first NFT Doodle. Good job, Chris! Cheesy
3057  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
3058  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
3059  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
3060  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
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