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3061  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto wealth can only be built in bear market on: April 06, 2022, 12:56:53 AM
This is always the plan even no brainer trader know that buy low sell high strategy because its the only goal of trading to have maximum profit. Problem starts when the traders starts to feel panic on loss or if he become excited on taking profit while bull run is already starting. Common human behaviour is to chase the profit he supposed to get when holding so he will buy at the top expecting it pump more until he can't make take profit because he already FOMO during his first early take profit.

Inexperienced crypto traders often make the mistake of buying coins during a bullish market. After they're "rekt" you see them whining, leading them to believe crypto is nothing but a scam or a sham. While the strategy may be to buy low and sell high, it doesn't always work because of the extremely-volatile nature of the crypto market. Stablecoins may prove to be a "safeguard" against volatility, giving you greater chances for profit in the long run.

If I'd want to play it "safe", I'd just "stick" with the top coins in market cap (mainly ETH, ADA, BNB, and SOL). The rest are a gamble as they could disappear in a "blink of an eye". As long as you don't invest more money than what you can't afford to lose, you'll have nothing to worry about. Just my thoughts Grin
3062  Bitcoin / Bitcoin Discussion / Will "hyperbitcoinization" become a reality? on: April 05, 2022, 01:25:01 AM
For those unaware, "hyperbitcoinization" means the adoption of Bitcoin at a large scale worldwide making it the standard (global) unit of account. In a "hyperbitcoinized" world, you would pay for anything using Bitcoin instead of Fiat. In the past years, Bitcoin's mainstream adoption went up at an accelerated rate. Bitcoin's ever-rising popularity made El Salvador the first country to adopt it as legal tender. As inflation increases at alarming levels, people will seek out for a solution to the problem. And what better way than ditching Fiat in favor of Bitcoin?

What are your thoughts? Do you think we're close to "hyperbitcoinization"? If not, why? What will be of the world without centralized Fiat currencies? Your input will be greatly appreciated. Thank you. Smiley
3063  Bitcoin / Bitcoin Discussion / Re: Are Your Kids Aware Of Bitcoin? Teach Them. on: April 05, 2022, 01:19:06 AM
Years ago there were some flash games where it was pretty easy and fast to accumulate some thousands of satoshis playing a little every day.

I don't know how interesting these games would be for nowadays kids, because graphics and games alternatives have evolved and changed so much since my childhood, that flash games could be ridiculous for them now... But personally, for me it would be great to play these games while earning btc as a kid, because I've been doing this since ever without earning any money, only for the joy.

Right now, the only games of this kind I'm aware about are smartphone apps which deliver classic arcade games paying satoshis rewards. However, the rewards are terribly low.

On the other hand, I believe in some years there is going to be decent online multiplayer games with fully developed and sustainable internal economies, where kids will be able to play and start building their bitcoin portfolios.

And to play/adopt bitcoin or not must be up to each child to decide. They don't need to exchange their childhood for bitcoin, but introduce bitcoin to their childhood with harmony and balance.

As a kid, I've never been worried about financial life and now I somehow regret about it, because my life as adult could be much more confortable if I did so before back then...

I don't have any kids, but I'd certainly teach other kids to use Bitcoin. They seem to be quite fond of technology these days, so a kid using Bitcoin is certainly beneficial for the cryptocurrency in terms of mainstream adoption. The good thing about Bitcoin is that there's no minimum age required to use it. Without the enforcement of KYC, kids can use Bitcoin to buy stuff online just like they would with cash (paper money) at a physical store. Imagine P2E (Play to Earn) games paying BTC (satoshis) to kids. It will be a complete game-changer.

By teaching them the basics of sending/receiving Bitcoin, kids will probably ditch Fiat altogether. Who knows if the new generation becomes completely reliant on digital payments? Just my opinion Smiley
3064  Bitcoin / Bitcoin Discussion / Re: The 19 millionth bitcoin will be mined in the next 24 hours. on: April 05, 2022, 01:16:07 AM
Only ~2M more to go and now have up to 18,999,800 BTC.
It would take us about 100 years to mine those 2 million.
 Imagine how big the market will be if we assume that about 3 million bitcoins are lost forever.

I will edit later when that coin is mined. 19,000,000.

It's impressive to see how Bitcoin reached this far. With only 2 million coins left to mine, prices should've increased already. I think Bitcoin is severely undervalued, mainly because of government's misinformation, false propaganda, and negative criticism from mainstream media. If it wasn't by that, Bitcoin would've been worth at least $100k by now.

At least, Bitcoin works as intended. The limited supply should be able to maintain prices at its highest for quite some time. Lost Bitcoins will certainly add "fuel to the fire" since it will make the cryptocurrency much scarcer than it was before. Probably, there are less than 19m coins in circulation. As long as the community doesn't approve the change of BTC's supply, there should be nothing to worry about. Just my thoughts Grin
3065  Alternate cryptocurrencies / Altcoin Discussion / Re: How would crypto fare without centralized exchanges? on: April 05, 2022, 01:13:37 AM
Of course, the relationship between states and cryptocurrencies will constantly change. The great popularity of cryptocurrency among the population of almost all states is a good guarantee that civilized countries will not prohibit the use of cryptocurrency. But the conditions of her walking will change until the optimal middle is established.

Cryptocurrency exchanges will be forced to work on the terms of the states at the place of their registration and location. Many discussed the fact that Binance refused to block Russian accounts. Now the head of one of the pro-Russian parties in Ukraine, Shariy, complains that, at the request of Ukraine, Binance blocked his cryptocurrency on this exchange. At the same time, the exchange provided Ukraine with all the information about itself, including all codes for managing cryptocurrency.

Crypto may not reach a level where it's completely prohibited to use it, but it'll be extremely regulated that only a few will find it attractive as a long-term investment. Governments are smart, as they bring "obstacles" or "bottlenecks" to the crypto industry for people to have no reason to abandon Fiat altogether. Without centralized exchanges, I don't think crypto would've reached massive adoption worldwide. I'm pretty sure crypto would've been "illegal" if only decentralized exchanges were in existence. At least, crypto is too big too fail. Who knows if it lives alongside Fiat for generations? Just my opinion Smiley
3066  Economy / Economics / Re: The ruble is going to hell on: April 05, 2022, 01:10:50 AM
In March 2022, a huge number of people left Russia.  These are IT specialists, Big Data specialists, businessmen, financiers, engineers, theater directors, designers and many others.

Some experts talk about 1,000,000 emigrants.

The richest of them leave Russia via Turkey and Thailand.  The poor leave through Georgia and Kazakhstan.

The ruble ceased to be a convertible currency.  In Russia, you can sell foreign currency (US dollar, euro, pound sterling, Swiss franc, Japanese yen), but you cannot officially buy foreign currency.

Therefore, all emigrants sell all their possessions and buy cryptocurrency (mostly bitcoin).

But many businessmen, in principle, are not able to sell their business, since even now it is estimated at billions of rubles.  Such capital cannot be converted into cryptocurrency and withdrawn from the country.

Exactly. Russians are in a very tight financial situation as a result of the sanctions imposed by Western countries and the EU. It's going to take a hell of a lot of time and effort to be able to put the economy back to the way it was. China may help Russia, but that might not be enough to make the Ruble rise from the ground up. Still, it's probable the Russian government will rely on Bitcoin as a reserve currency in order to mitigate the negative effects of economic sanctions. It may not have much success trading Bitcoin for Ruble (and vice versa) through centralized exchanges, but at least there are alternatives which prove to be a short-term solution to the problem (mainly decentralized exchanges, atomic swaps, and in-person trading).

All in all, I think Russia's current situation will mark the end of Putin's regime for good. The longer it takes for the Ruble to recover, the faster people will emigrate from the country. The wealthiest people in Russia have already fled the country, so things will only get worse from now on. Only a change in Putin's mind (to stop the invasion) will help restore diplomatic relations between Russia and other countries worldwide. Who knows what the future holds for the country itself? Just my thoughts Grin
3067  Economy / Collectibles / Re: [AUCTION] Ledger Nano S - (Pizza Day) | Current Bid: 0.00099 [btc] on: April 04, 2022, 09:34:54 PM
Is the auction over?  Roll Eyes
3068  Economy / Services / Re: [Crypto.Games] ★ Signature Campaign ★ Hero - Legendary[Full] ★ on: April 03, 2022, 11:36:26 AM
Payment has been processed.

For new participant we picked justdimin. congratz Smiley

Payment received. And congrats to the new participants! Welcome to the Crypto.Games family! Cheesy
3069  Alternate cryptocurrencies / Speculation (Altcoins) / Re: The new star of the stock market is APE COIN!! on: April 02, 2022, 01:47:32 AM
I think the reason why it pumped so much is mostly due to the name APE. People know that those NFT apes brought in tons of money to anyone who was an early investor so when people saw that it was launched they all went on it like crazy and bought it up.

I’m surprised that during this sideways bear market we get pumps like these with new projects. Usually during a strong bull market this is an everyday occurrence but to see it pumping like this now goes to show that the crypto market is still alive and well.

I didn’t get a chance to buy, missed the run up and if it pulls back it’s too risky buying it.

Exactly. People think just because the coin bears the name "APE", it'll be as widely successful as the NFT version. But that's not the way it works. There's a lot of hype surrounding "APE COIN" so we should expect a massive pump in its price at least in the short term. I wouldn't count on such a coin as a serious long-term investment, simply because it's designed as a "joke" (just like Dogecoin and Shiba Inu).

Crypto was never about getting rich quick, but people don't see it that way. Usability is what it's all about these days. If we take that into consideration, then we can say the vast majority of cryptocurrencies on the market are useless. Who knows what'll be of this so-called "APE COIN" in the future? Just my thoughts Grin
3070  Economy / Speculation / Re: How come BTC is not at least $75,000 yet? on: April 02, 2022, 01:42:11 AM
Let's not forget that bitcoin will increase its value also because the dollar (and fiat in general) will keep losing value because of inflation. So it will be easier to see new ATH but at the same time will be able to purchase less. But until when we don't change bitcoin for fiat is not actually a problem, at the end 1 BTC = 1 BTC Grin

Inflation will lead us to $75k faster than you could imagine. It's not a matter of "IF" Bitcoin will reach $75k, but rather "WHEN" it'll reach such a high price on the market. Experts predict Bitcoin will be worth more than that in the future due to the ever-increasing demand and limited availability in the cryptocurrency's supply. If I were you, I'd buy BTC while it's below $75k. Accumulating as much BTC as you can before the "pump" occurs, may be the wisest decision to make.

Ultimately, it's not about the price but rather Bitcoin's usefulness. As long as it works as intended, nothing else matters. Just my opinion Smiley
3071  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto wealth can only be built in bear market on: April 02, 2022, 01:37:30 AM
It is a matter of perspective I say. For some people who bought at 60k, this is a bear market, but the ones who bought at 10k it is still a bull market but less than the maximum possible one.

Altcoins though always are in bearish accordingly to me. Not worth putting money in compared to Bitcoins.

But it is true that majority of buying of Bitcoins should be done in bear and not in bull otherwise you get into a net loss condition. Only then you can profit from the long term rise in price.

The smart person would buy crypto in a bear market as that's when prices take a "nosedive". Buying and "hodling" to sell it all once the bull market takes effect, would be the ideal strategy to multiply your profits in no time. Altcoins usually follow Bitcoin's movements in price, so a quick surge in Bitcoin's price will drive the whole crypto market to the moon. I would focus more on the "blue chips" such as Ethereum, Cardano, BNB, and Solana in order to have greater chances of multiplying my investment in the long run. As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my thoughts Grin
3072  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Where will ZIL coin go? on: April 02, 2022, 01:32:35 AM



It looks like ZIL coin will see some serious pumping. Yesterday evening, GMT and LOKA coins increased by 130%. When I look at the chart that I followed for 3 minutes today and before, 1 dollar would not be a surprise. What are your expectations about this subject?

The only way I see ZIL going to $1 per coin is if Bitcoin continues to be on a bullish trend. There's not much "noise" going around for Zilliqa than it's the case with competing projects such as Cardano, BNB, and Solana. The community needs to focus more on marketing/promotion if they want ZIL to succeed in the long run. For what I know, Zilliqa is just another smart contract platform with its own approach to the deployment and execution of decentralized applications. What really matters here is usability. As long as ZIL is useful, it will last for a long time. Who knows how much the coin will be worth in the future? Just my opinion Smiley
3073  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH going PoS is a huge mistake on: April 02, 2022, 01:26:48 AM
How come POS will centralize ETH? I don't get your point. Rather I feel POS will actually make ETH more accessible to the common mass. You won't need expensive graphics card to mine it. Rather you can just buy some ETH from the market and pool stake with others. POS is effectively removing the barriers that bars the common mass to enter into mining of crypto due to high entry price. Also it will address the high gas fees which ETH users are facing since a long time now. The current gas fee is not sustainable and POW is unable to solve the issue so far. POS will help to distribute the gas fees across network through their algorithm which will reduce it to a great level.

Overall, I have seen positivity around this movement. Not sure what made you think it will end decentralization in ETH.

POS can centralize ETH as big exchanges will be able to dominate the Blockchain with customers' stakes. In case you weren't aware, something similar happened a few years ago with the STEEM/HIVE hard fork. Big exchanges like Huobi and Binance used their customers' holdings to "vote" in favor of the controversial STEEM hard fork which "stripped" away witnesses' (validators) balances on the Blockchain. Imagine if something like that happened with ETH. It would be disastrous!

Despite POW's downsides, I think it's still a better option for decentralization than POS. Critics may say POW is energy-intensive and all, but the fact is there's no other consensus algorithm which prioritizes decentralization above all else. It's no wonder why Bitcoin is still a POW coin, despite many other cryptocurrencies going towards an alternate route (POS). At least, there's hope for ETH's decentralization as the community can create a new fork that would not be subject to the likes of POS. As long as decentralization and censorship-resistance wins in the long run, nothing else matters. Just my thoughts Grin
3074  Economy / Speculation / Re: Crypto will rival or replace fiat in 10 years? on: April 01, 2022, 01:43:23 AM
Would be totally impossible for it to happen because there are things which crypto couldnt able to provide or do on what fiat does all over the ages of its existence and we could not deny it that we do still need fiat.

Crypto would really be remaining as an option.It might be flying out with colors in the future but not something that could beat up or erase fiat into its existence.Government does exist and do we really believe that

they would really let these things to happen?  For sure they wont because centralization would be always be preferred but as citizens we do have at least some option.

You've said it yourself. As long as governments exist, Fiat won't be going anywhere. Crypto is great, but it'll only remain as an alternative than a replacement to existing Fiat due to very obvious reasons. Governments aren't willing to surrender their sovereignty over the monetary system in exchange for decentralized cryptocurrencies they can't control or manipulate to their own will. El Salvador did adopt Bitcoin as legal tender, but it still hasn't eliminated the use of Fiat (US Dollar) completely.

In 10 years from now, I think everything else will look the same except for the fact that crypto will be much more robust than ever before. If it keeps progressing, then it will be able to live alongside Fiat for generations. Just my thoughts Grin
3075  Alternate cryptocurrencies / Altcoin Discussion / Re: Elizabeth Warren hatred for crypto is like no other on: April 01, 2022, 01:34:54 AM
I wouldn't call it FUD though, maybe she is just voicing her own opinion, maybe she is one powerful Senator in the US and has hatred on crypto or even Russia. But her bill will have to passed first, and she knows it is going to be difficult for her.

And it's not just crypto that she is targeting, even oil companies that is making or taking advantage of the war situation by increasing their prices are under her radar. But then again, as I have said, bitcoin and the rest of crypto is too big to fall right now and not even a US Senator can stop it.

Either Elizabeth Warren hates crypto or she's simply pretending hate it in order to protect the image of the US Dollar. She's a government official, so it's normal to see opposition against crypto from someone in that position. It really doesn't matter what she or anyone else say against crypto as long as decentralization wins in the long run. It's been nearly 13 years since Bitcoin's inception, and it's still going strong despite criticism from haters all around the world. Some say crypto is a means to avoid sanctions, others say it's a tool for money laundering and terrorist financing, while others say crypto is a scam or a sham.

Words are simply words and they don't have any direct effect over crypto's prominence in the mainstream world. Crypto will be able to stand the test of time if it preserves decentralization/censorship-resistance. Who knows if it beats Fiat someday? Just my opinion Smiley
3076  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Dogecoin 🐕‍🦺 1$ possible in 2022 or not? on: April 01, 2022, 01:29:29 AM
I think the hype of dogecoin is over. I wouldnt invest into this coin at all i think it will go down no matter what the market does. Elon Musk aint pumping it anymore plus there is no hype at all around it. So people shouldnt be investing into it at all.

People are foolish enough to invest into something that really has no substance to it. Dogecoin is and will always be a "joke", due to the way it was designed. Even Dogecoin's original creator said so. The cryptocurrency is only fueled by hype due to Elon Musk's praise through social media. That's the reason it went sky-high since the beginning of 2021.

For Dogecoin to sustain its price, it's going to need a lot more than just hype. Developers should focus on bringing innovation to the project if they want DOGE to become a serious cryptocurrency for day-to-day use. Development progress has kind of stalled, so the future of Dogecoin looks bleak right now. I believe $1 per DOGE is largely impossible as there are too many coins in circulation. Let's just focus on what matters most which is making crypto a strong contender of the existing monetary system (Fiat). Just my thoughts Grin
3077  Other / Archival / Re: Bitcoin at $1 000 000 by 2030 on: April 01, 2022, 01:24:21 AM
I think $1 million in 2030 is a good estimate. Generally I think it could be as high as $2 million if the masses actually get educated about it and all the "scam, fraud, for criminals, tulips, bad for the environment, old tech" nonsense gets killed off in the popular consciousness by then. On the low end if the masses by and large keep up those false beliefs I'd say it might only be like $500k or so. And $1 million is a realistic middle ground I think to close out the decade.

Right now you've got the environmental/ESG crowd operating under a false belief when it comes to Bitcoin's relation to energy and mining, you've got Gold people antigonistic against it because they don't want it to replace gold, you've got the average unbiased person just saying it isn't used for anything and not understanding that use as a currency is something that it grows into, you've got the biased people who just buy into the fear about it being for criminals or going to zero or is a scam or whatever, you've got institutions wary of getting in at the wrong time on a short term time scale because of its volatility, and you've got governments and politicians scared of its disruptive power as a monetary force. There needs to be a ton of education and changing of minds on all those fronts this decade to see it be over $1 million by 2030. Hopefully this will be the decade in which Bitcoin goes from being horrendously misunderstand by the masses to at least decently understood and accepted as a good thing by all but extremists. If so, then for sure it'll be 6 digits when the decade ends.

As they always say, "the sky is the limit". If Bitcoin reached new All-time-highs over time, then it's probable it'll be worth $1 million sometime in the future. 2030 is right around the corner so anything can happen. How fast or how slow Bitcoin will rise towards $1m will greatly depend on Fiat's inflation rates, and market demand for the pioneer cryptocurrency itself.

I'm in no hurry to see Bitcoin reach the designated milestone as long as it works as intended. Who knows what the future holds for the crypto/Blockchain industry in general? Just my opinion Smiley
3078  Economy / Economics / Re: Inflation hits USA on: April 01, 2022, 01:18:34 AM
This is just something that has been repeated over and over again for a long time now and it has finally taken place. Before now there have been a lot of people saying that there will be an inflation and they kept warning people. Even the cryptocurrency community were warning a lot of people to start investing in Bitcoin when it was still early enough, but a lot of people that heard them thought that it was all a lie.

Now, it has taken place and there is inflation and people have seen it. A lot of things has gotten costly and Fiat is also losing its value. For those who never invested in any assets, they are probably going to be sorry for themselves this time around.

Inflation was something inevitable, due to the negative impact of COVID-19 on the mainstream economy. Governments will be forced to "print" more money in order to try to keep their economies afloat. The US has seen an astronomical increase in prices for goods and services, due to the negative effects of COVID-19 and the Russia-Ukraine crisis. Since the US Dollar is the reserve currency of the world, inflation will not only affect the US but other countries as well. This should be good news for "hodlers" of Bitcoin since inflation tends to make scarce assets/commodities more valuable than before. But it will be bad news for people who only rely on Fiat for daily necessities.

Until the pandemic comes to an end, I don't think inflation in the US will stop anytime soon. Just my thoughts Grin
3079  Economy / Economics / Re: Sanctions left and right, Can the Russian economy survive? on: March 31, 2022, 01:48:11 AM
Of course they can survive, they will just be in a much poorer position than when they began this useless war. Not only has Putin proved that his army is utterly incompetent and badly managed throughout, he has crippled the Russian economy for many decades to come. Even if the sanctions were slowly removed, his unpredictable nature and rash economic decisions have shown that it is a terrible place for foreign investment. There is money to be made, but there are a lot safer places that can generate equally high returns. The average Russian will become a lot poorer, not only in money but freedom of speech and travel opportunities, while the richest Russians are also going to face a backlash of unprecedented proportions for the poorly thought out attack by their leader.

Putin destroyed the country's image worldwide, so I doubt Russia will survive in the long run. Only a change in regime will bring hope to the country itself. As long as Putin is in power, Russia won't be going anywhere. I believe China will play a part in trying to restore the Russian economy back to its former glory. But Russia's isolation from the world will make it challenging to put the economy back to the way it was before.

Unfortunately, Russian citizens (not the government itself) will be the ones most affected by economic sanctions. People in Russia are now poorer than ever, thanks to Putin's invasion of Ukraine. Sanctions will continue to be implemented until the war comes to an end. Who knows what will be of Russia by the end of the year? Just my thoughts Grin
3080  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin - a joke or a way to make money? on: March 31, 2022, 01:43:15 AM
It's true that meme coins have no utility but when meme coins experience hype their price will go up and daily volume can increase drastically. and when it actually happens it will certainly attract many investors for investment (long or short term) because it can provide profits. I personally still invest in coin memes like shiba because shiba is perfect for short term investments or day traders and I can make a quick profit. In other words as long as the meme coin is still able to provide profits to investors or traders, the meme coin will not die.

Meme coins may not have any utility at all, but they're certainly a great way to make profit in the short term. The crypto market is mostly speculative, so any coin that's fueled by hype, should be able to go towards new heights at a very fast pace. It'll be up to you to take advantage of this opportunity to make as much money as possible. Those who held DOGE before 2021 got insanely rich thanks to Elon Musk's efforts to pump the cryptocurrency's price. Now that hype has faded away, Dogecoin's price is declining at a slow pace. Without someone (or something) that would pump its price, the meme coin might go back to sub $0.01 prices.

At least, Dogecoin's blockchain is alive and healthy after all of these years. Even if it goes to zero, it will still survive if there's a community backing it every step of the way. As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my opinion Smiley
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