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  |
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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  |
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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 |
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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 |
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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 |
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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 |
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I see CBDC very worrying what comes to "traditional" cryptocurrencies. Governments are going to regulate cyrptos to the death and take market share easily.
They don't have to say it, but governments can use for example "airdrop" to make their CBDCs the most held crypto in the country/world with a push of the button... just create "wallets" for everyone based on for example social security numbers, etc., and airdropping a few crypto dollars to every citizen.
In a such scenario, what are the ways for Bitcoin and alts to compete? ...and ultimately there are no rooms to compete because of regulations, you need to be a bank to be allowed to exchange etc cryptos. We're not yet there, but dreams of wide adpotion will eventually turn against the whole crypto community. Let's have fun as long as it's possible, and create cryptos that are REALLY decentralized and impossible to regulate. That's the only way to survive in the long run. Trust me.
Exactly. The launch of CBDCs will put crypto to the test as governments increase regulatory pressure. By encouraging the use of government-issued digital currencies, most people will have no need to turn to crypto as an alternative payment system. A Digital Dollar would be as fast and cheap to use as crypto (probably even better) with added convenience. Only those who care about their privacy or want to escape from the clutches of central banks and governments alike will use crypto for day-to-day payments. One thing for sure is that increasing regulations will only do more harm than good for the mainstream adoption of crypto/Blockchain tech. We should expect constant opposition from governments in order to force people to use CBDCs. Ultimately, it's all about decentralization. As long as decentralization wins, we'll have nothing to worry about. Just my thoughts |
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Of course, there is no 100% guarantee that this will not happen, but I am sure that if major countries block exchanges and cryptocurrency, following the example of China, these exchanges will simply open under new jurisdictions and continue to operate. It is impossible that absolutely the whole world is against cryptocurrencies. Cryptocurrencies are a business and it is bound to benefit someone in this world. The crypto industry is mobile. Remember how miners simply changed their location after the ban, the same will happen to exchanges. Yes, the market will be shaken by such bans, but after exchanges reopen in other places, the market will start to recover, just like the hash rate recovered after the Chinese ban. It is impossible to ban cryptocurrency completely.
If governments unanimously rely on a "One World Currency", then it's probable they will ban crypto altogether. But it's very unlikely we'll ever see such a unified currency, since countries can't reach a common agreement. As long as this is the case, it will be impossible to ban crypto for good. Even if they did, crypto will still survive thanks to its decentralized and censorship-resistant design. Centralized exchanges only constitute a small portion of the crypto ecosystem, as the rest is dominated by miners, stakers, and even decentralized exchanges themselves. What matters here is decentralization. With it, crypto will be able to stand the test of time regardless of a government crackdown or ban. Who knows if crypto lives alongside Fiat for generations? Just my opinion |
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Personally think that there is a future for SOL.
Even though yes, it is more centralised than a lot of the other blockchains, its performance when the network is up is undeniably good.
And there are just a lot of new apps that are deploying on the Solana blockchain right now, which is a healthy sign that a blockchain has a strong ecosystem going forward. Certainly worth watching going into 2024 in my opinion.
If Solana is able to mitigate issues along the way, then it will certainly have a bright future. Otherwise, not. Constant network outages will make people look elsewhere. Why do you want a high performance blockchain network when it's completely unreliable for day-to-day payments? Stability and reliability is of utmost importance to businesses and corporations. Without these key traits, the project will lose an ample userbase faster than you can imagine. At least, the project is open source. Hopefully, talented developers will improve the SOL blockchain to move things in the right direction. Who knows what will be of this cryptocurrency 5-10 years from now? Just my thoughts |
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Doesn't really make sense isn't it? US now going back to Venezuela for oil when history tells us that they also imposed sanctions on them years ago because of corrupt leaders and it just shows the dangerous game the US is playing in either side. And now they gave warning to India for buying oil from Russia because Russia is giving them discounts? why not though is Russia is selling them for cheap now why not India can take advantage of it? double edge sword standard by the US.
The US needs to rethink about economic sanctions' effectiveness against Russia, as the invasion has no signs to come to an end. Dealing with Russia's allies (like buying oil from Venezuela) would make current sanctions meaningless. Other countries might decide to deal with Russia directly for oil, but they could also face sanctions by the US and its allies. The damage on the global economy is already done, so further tightening of economic sanctions will only make matters worse in the long run. There's only one way to stop Russia, and that is using force through military action. As long as the war is only between Ukraine and Russia, we won't be accomplishing anything soon. Just my thoughts |
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I was bullish on Polygon (Matic) until a few days ago when the blockchain halted due to an error. The devs applied a hotfix but the bridge will be down until a permanent fix is applied. It is problematic for me that such errors in blockchains occur. SourceNo system is perfect. Even those networks who claim to be extremely secure and reliable, can often experience "hiccups" along their journey. It'll be up to developers to mitigate these issues in order to keep the Blockchain as stable as possible. While MATIC was certainly a victim of a network outage, it's still a far better choice than Solana. The project is close to Ethereum by having a similar codebase. Most people are not aware of Polygon's true benefits, so the token itself (MATIC) is having a hard time reaching a higher price/valuation on the market. At least, development is on-going. Who knows what will be of this exciting smart contract platform by the end of the year? Just my opinion |
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The thing about EOS and Tron is that they were both once big, but today they are not anymore and they are not doing that great. I am not saying that they will stay this way but it is clear to me that we are looking at two things that could have been great and had immense potential and just screwed it.
I mean if they were really good, they would have been in the top 5 right now, because they were loved that much and the future looked that great for them. Nowadays, we see ADA without even having a proper smart contract deal above TRON and that should tell you all you need to know about it. If they keep this up, eventually they both will be out of top 100.
Unfortunately, this is the case with new projects in the crypto/Blockchain space. They become big within their early days, only to fall all they way down the drain years later due to lack of demand. EOS was once hailed to be "Ethereum's successor", only to become a "ghost town" years later. TRON took the same path as EOS once Justin Sun left the project for good. It's now full of useless tokens and scam "dApps" with no real use cases for everyday people. Of course, the aforementioned blockchain networks have far superior performance than Ethereum. But without any substance to them, people will have no need to leave Ethereum anytime soon. With this, I think Ethereum will remain as the "King of Altcoins" for a long time. Just my thoughts |
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There's nothing dumb when you hodl, it's simply the best decision in the long term, unless you're a great trader. I read several times articles and they all agree that in the long term hodling is the best move. Congratulations for hodling for almost 10 years now, that's actually impressive!
"Hodling" for the long haul is only for those who can afford doing so. People who need the money right away to survive, won't be capable of doing this. The OP is brave enough to "hodl" Bitcoin for such a long time, even with the temptations to sell at higher market prices. If he keeps up, he might become more wealthy than any of us. It looks like Bitcoin won't stop growing in terms of mainstream adoption, so it probable prices will be a lot higher in the future. We should do the same thing as the OP in order to achieve long-term success. Who knows if you become the next lucky person with an ever-increasing Bitcoin price? Just my opinion |
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I think one aspect that causes most countries not to legalize cryptocurrencies is its fluctuating prices and not being sure of a decentralized cryptocurrency system that is considered to be a threat to their current monetary system. Many countries that until now do not have clear provisions to legalize bitcoin. They are still waiting for the development of bitcoin in the long term to legalize bitcoin-like el Salvador.
Exactly. The risk of adopting Bitcoin as legal tender is simply too high to bear. It'll be impossible to keep up with the constant fluctuations in price in order to use Bitcoin the same way as cash. For this and many other reasons, I don't think crypto will replace Fiat 10 years from now. With decentralization, people can truly enjoy financial freedom. While crypto may never replace Fiat, it could certainly become a "force to reckon with". 10 years is a lot of time in the crypto/Blockchain space, so I'd expect a lot of achievements by then. Just my thoughts |
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Yes, it is nonsense when they twist the facts by saying that the centralized fiat financial system is better than the decentralized financial system we have with bitcoin.
The government's fear of a decentralized financial system is based on the possible weak use of their centralized financial system by the public. Many people will switch to better, more efficient, faster and more secure systems like bitcoin. That will be the reason why they are afraid and as a preventive measure, regulation is the way out. Restricting its use as legal tender is more likely to be enforced than completely banning it. The government also knows there are big advantages of cryptocurrencies to increase state revenues.
Anything that goes against what was established by the government in the first place, will see constant opposition in the long run. Crypto threatens the very existence of Fiat (national currencies), so the only way to control it is by regulating it. Of course, this cannot be achieved with complete success due to the way crypto was designed (decentralization + censorship-resistance). But growth will certainly diminish in order to help push the adoption of centralized Fiat as a whole. I think there's no need to worry about regulations since crypto's been battle-tested to stand the test of time. As long as decentralization prevails, nothing else matters. Who knows if crypto lives alongside Fiat for generations? Just my thoughts |
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Without a doubt we are going to see the day in which most countries will have their own digital currency, but it does not really matter, as long as they keep creating their currencies under the same economic principles then we are going to keep seeing huge inflation and economic crises that only get worse and worse, so even if governments increase the oppression against bitcoin, it will still remain as an alternative to their fiat system, as there will always be people like us that can see beyond their lies and if possible will avoid to use those digital currencies as much as we can.
Government-issued digital currencies are inevitable, as banks don't want to lose a piece of the pie. When launched, I think governments will become more aggressive against crypto in order to force people to use their currency. Even in a democratic country like the US, it's possible the government will turn against crypto to help boost the adoption of the Digital Dollar. Crypto will still remain as an alternative to Fiat, but most people will prefer CBDCs because of convenience. How everything will turn out to be in the future is certainly a mystery to all of us. As long as decentralization prevails, nothing else matters. Just my opinion |
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I feel like MATIC's infrastructure is a little more mature due to things built on Ethereum being a copy/paste to work on Polygon. That makes it incredibly easy for developers to build as well as for existing organizations to assimilate. Solana requires a bit more specialized attention and new wallets that most users would have to go out of their way to get ahold of. Solana has seen a lot of attention the past year, and I think the big difference between the two is L1 vs L2. So I guess your preference should rely a bit on whether you are wanting to use something brand new or something that is attached to another project. Personally, I like that MATIC is basically Ethereum without the high fee issues.
I concur. MATIC is basically the same as Ethereum, but with improved performance. Solana is a completely different Blockchain with its own consensus algorithm and codebase. It's much faster and cheaper to use than Polygon/MATIC, but it's completely unreliable. People will need to choose between the two depending on their needs. It doesn't matter which Blockchain it is as long as you're able to get the most out of it. Usability comes first above all else. As long as the aforementioned Blockchain networks are useful, nothing else matters. Just my thoughts |
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The price of Bitcoin can be attributed to several things happening at the moment. Take the war between Ukraine and Russia which has led to highly fluctuating market trends globally. In addition, the bull run seems to be over so market is currently having a general correction as expected. Hopefully we can bounce back pretty hard after June.
There are many factors that can either directly or indirectly affect Bitcoin's price. It could be the current Russia-Ukraine crisis, insider manipulation, or simply FUD by the mainstream media and other entities. What matters here is not the price of a Bitcoin, but rather its usefulness as a censorship-resistant medium of exchange. As long as the pioneer cryptocurrency works as intended, nothing else matters. People just have to learn how to live with Bitcoin's volatility in order to get the most out of it. With how successful Bitcoin's been since day one, I'm certain it'll reach a higher price within the not-so-distant future. We need to be patient in order to achieve great results in the long run. Just my opinion |
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The majority of users today prefer low transaction fees and being able to trade multiple currency pairs on one platform and we can convert to fiat quickly. I think this is the reason CEX is still popular.
Decentralized exchanges are still heavily restricted, but if centralized exchanges close completely, then developers will focus on developing and promoting the entire decentralized exchange to in line with market needs.
But the hypothesis that the entire CEX is banned is almost impossible. Instead of the government against, the government will make strict regulations or through CEX the government can control our transactions.
Never say never since governments are capable of doing anything in order to avoid losing power in the long run. Banning centralized exchanges altogether would be the ideal strategy to diminish crypto usage within the country. China did ban centralized exchanges with success, so it's probable other countries will do the same if they feel crypto threatens their economies. Without centralized exchanges, I guess developers will focus more on improving decentralized exchanges' performance. Liquidity for DEXs will surely increase as people pour money like crazy in these platforms. While the total ban of centralized exchanges won't destroy crypto completely, it will certainly have an impact over its mainstream adoption. Market prices will probably go down the drain as most big investors will be afraid to join the crypto/Blockchain space. But Blockchains themselves won't disappear because of their decentralized and censorship-resistant design. Who knows what the future holds for the entire crypto/Blockchain industry? Just my thoughts |
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Username: Abiky Post Count: 9768 (including this one) BTC Address (must be SegWit): 3C73jM8AVhzQVXSpNdddLZwa9ey7qEynoh Signature will be changed immediately if accepted. Thanks!  |
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