This is right, we will be 1+ million dollars but we will have a lot of down times along the way. The fact that people who are bullish on bitcoin buying at all times is basically saying they are fine by buying 1 bitcoin at 60k instead of buying 2 at 30k, the 1 million price would mean that it was a 1 million dollar worth of a mistake.
I am not saying that do not buy bitcoin, but people should focus on buying bitcoin when it goes down. If it is down a lot, then buying it would make sense. You can't buy at 5k again, that was once upon a time and now gone, but at the end of the day you could still wait for it to go down a lot, like a month ago.
Most people are often driven by greed, so they'll invest as soon as prices go all the way to the moon. It's not a very smart move, because you can end up losing it all once a market correction takes place. The moment to buy Bitcoin is now when the market is bearish. I have no hurry in seeing Bitcoin go to $1m as long as it delivers as promised. Decentralization/censorship-resistance is what it's all about (not getting rich quick). 2030 is right around the corner, so it's likely Bitcoin will reach a new All-time-high by then. $1m or not, Bitcoin will be here to stay. Just my opinion  |
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A copycat that tries to allure investors just to collect investors' money.
It's true that only few have a bright realistic and innovative ideas.
Most are a copy from other developers and trying to make it more usable, but in the real sense,
it's just the same concept with some tweaks that sometimes investors are being fooled, believing
that the project will prosper and provide a decent amount of profits.
Best to sort everything first before you trust the team. It's not always the developing fund, but the ideas that's not
original that causes the project to fail.
You got that right. Most projects are simply copies from one another, as developers are only focused on making money as fast as possible. Only a small number of projects survive because they deliver real use cases to the mainstream world. It'll be up to the investor to decide which project he/she wants to pour money in for the long haul. As long as the coin you've selected has strong fundamentals, you'll have nothing to worry about. Remember, it's not about how many shiny new features a cryptocurrency has. Rather, it's all about preserving decentralization/censorship-resistance and bringing banking to the unbanked. I wouldn't be surprised if most coins die, leaving us with a very limited number of cryptocurrencies to choose from. Just my thoughts  |
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Good choice. Crypto proven itself to be the best asset against high inflation. Gold made a little rally too lately but it is getting monkey hammered constantly so I wouldn't hold too much gold. Real estate seems to be a fine choice also. People will always need some place to live. Another option is land. Especially agricultural land. Food prices are soaring and farms will be on demand.
Crypto (especially Bitcoin) has been proven to be the best way to protect yourself against inflation. Bitcoin has even outperformed Gold with substantial increases in price over the past years. If you act quickly, you'll be able to protect your purchasing power no matter how much money the US government "prints" in the long run. A small investment into Bitcoin, Gold, real estate, and other assets will lead you towards a stable financial future. The higher the inflation rate, the less valuable a US Dollar will be. Who knows if ever-increasing inflation leads us towards the dethroning of the US Dollar as the world's reserve currency? Just my thoughts |
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After Europe saw an aggressive Russia, most states will switch to renewable energy sources much faster. They have already decided to get rid of dependence on Russian oil and gas very quickly.
Yes, some states will significantly lose from the imposed sanctions against Russia. However, they will simply have a destructive effect on Russia. There is simply no other way. A dollar there already costs 300 rubles, and it seems that this is not the limit, but only the beginning.
In general, in my opinion, with such an organization as the UN, it is necessary to create rapid reaction forces in order to quickly repel the aggressor in such cases by military means, and not by economic ones. It would be much more efficient.
Exactly. In order to repel Russia, military action must be enforced. Economic sanctions are only a short-term remedy to slow down the invasion (not stop it). Russia can simply rely on China or even crypto to make its economy rise from the ground up. I believe Western countries and the EU haven't taken military action against Russia simply because they're afraid of doing so. Putin already has nukes at his disposal, so a direct war with Russia will only lead us to a full-scale nuclear disaster. It's most likely Russia will take over Ukraine, leading towards the further deterioration of the world order. A victory over Ukraine will simply mean that democracy has lost. How will Russia's currency perform in the future, is beyond me. Putin is a wise person, so it's probable he has a plan to get Russia back on its feet. Just my opinion |
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Completely understandable that Elon not selling his Bitcoin, he’s a very successful serial entrepreneur with billions of dollars behind him.
I would assume his portfolio is so diversified, he’s completely covered no matter what happens to the economy or his companies, either way he’ll be just fine financially.
I think for regular retail investors we have a completely different view point because of most people have very different financial circumstances and therefore make very different decisions what to do with their capital.
Elon Musk is filthy rich, so he can do whatever he wants without experiencing serious losses in the long run. He's willing to take risks with Bitcoin even though it's extremely volatile at times. Just like him, people believe Bitcoin will reach higher prices in the future. And let me tell you, they are NOT wrong. Bitcoin has outperformed every asset on Earth over the years, so it's likely we'll see a higher valued Bitcoin in the future. By buying and "hodling" Bitcoin without selling, you're helping yourself achieve long-term prosperity. Those who sell BTC now, will miss the opportunity of becoming rich someday. Who knows if Elon Musk becomes even richer in the long run? Just my thoughts |
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I don't know what was in the OP's mind until it crossed his mind that doge would go to $1 lol...
since entering 2022, the price of dogecoin is difficult to break through $0.2 and in the next few years, I predict that the same will happen. Dogecoin price "fly" just because of a tweet from Elon, but look now Elon's influence is no longer effective, making Dogecoin attractive to investors.
Dogecoin is struggling to reach a new ATH, due to the fact that people are sick and tired of Elon Musk. Investors want something new and fresh that would keep them in the Dogecoin bandwagon. Without excitement for the "meme" coin, I'm afraid prices will continue to decline until the cryptocurrency becomes worthless. DOGE was never meant to be taken seriously, and it will stay that way forever. People should just move on to cryptocurrencies with intrinsic value. Mainly, Bitcoin and Ethereum are the dominating forces of the market. I'm pretty sure you can get higher gains with these two coins than Dogecoin alone. $1 or not, I think Dogecoin will survive as long as there's a community backing it every step of the way. Who knows what the future holds for the crypto industry as a whole? Just my opinion |
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Not everyone will buy bitcoin when it is not a legal currency in many parts of the world. There are some institutions or people with huge amounts of fiat, who only want to invest in things that are recognized by the governments. There are other people who prefer to invest in gold and do not trust bitcoin because of its volatile nature.
But keep in mind that bitcoin will reach 75,000$ or more very soon. It's just that we don't know exactly when it will reach these values.
Of course. Not every country supports Bitcoin these days. There are a vast number of people who don't know what Bitcoin is. If we include those people into Bitcoin, the cryptocurrency's price would've been more than $75k by now. Good things take time to reach the mainstream, so I'm in no hurry to see Bitcoin reach a new All-time-high anytime soon. As you've said before, no one knows when Bitcoin will reach $75k per coin. All we can do is speculate with the hopes of seeing our dreams becoming a reality someday. The cryptocurrency is deflationary by design, so it should be able to reach a new ATH with every block reward halving. That is assuming demand stays high. With institutional investors, renowned companies, and prominent figures in the game, I'm certain 1 Bitcoin will never be worth the same as it is right now. Buying and holding while it's still "cheap" may be your best bet towards achieving untold riches in the future. Just my thoughts |
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Do you understand one thing at this point?
RUSSIA ACCEPTING BTC = NIGERIA ACCEPTING BTC
I do not want to discriminate any nation here but slowly Russian economy is going down the pit hole and they are not able to digest it. After so many sanctions, things are worst in Russia. The aftermath will happen soon, it may not be seen clearly yet but its gonna turn the Russian economy upside down. All they have is oil, but there are obviously other major sources out there so lets not get into that discussion.
If Russian RUBL is not a good fix then how they gonna rely on the decentralised currency like BTC
Russia's economy may be going down, but I believe using Bitcoin as a safe-haven could move things in the right direction. The government could simply sell its assets in exchange for Bitcoin in a decentralized manner. It's as easy as making BTC legal tender for the economy to rise all the way back to its former glory. But doing so would mean surrendering the government's sovereignty over people's money. Knowing that China banned Bitcoin and cryptocurrencies altogether, it's likely Russia will do the same in order to stay in par with its ally. Perhaps China will help restore the Russian economy amid sanctions imposed by Western countries and the EU? Whatever happens in the long run, things won't look good for Russia as long as Putin is in power. The war is still on-going despite economic sanctions. Russian people are now struggling to get on their feet with a decaying Ruble, so either they act against the Putin regime or else. Just my opinion |
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their main problem is dealing with frequent network outages. but I think it can be worked out in the future, and I'm sure they're trying to work around that. So if asked if SOL has a future, I think yes. they have a future, maybe among other blockchain network projects SOL has a better future.
Believe me, frequent network outages are a pain in the head. It's like trying to use a credit card whose transactions get declined for no reason. A broken system will definitely scare away investors and traders alike. Luckily, Solana is an open source project so it's easy for anyone to make it bigger, better, and stronger than ever. The project has potential to take away the "De-Fi" world by storm. It'll be up to developers (and the community itself) to do the right thing. Otherwise, Solana will continue to decline in price until it fades away into oblivion. Right now things look "bleak" for Solana, so we cannot determine how it'll perform in the future. 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 |
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I'm not expecting a US CBDC to offer advantages over crypto. They won't offer lower transaction fees, or a private key based system allowing sole ownership and control over funds to end users. They will not adopt a hard deflationary model, which could qualify their CBDC as an inflation protected asset. They won't implement a gold standard whereby their CBDC can be exchanged for precious metals. There won't be high interest earned by staking CBDCs as there is with crypto.
The approach regulators and the state makes to CBDC rules out every avenue which could allow them to be competitive in global markets. In an era where social credit and state surveillance are concerns, CBDC could be viewed as extensions of these programs, which I think most would prefer to avoid.
CBDC will have a difficult time to overcome the many obstacles and skepticism most will have towards it.
If it is pegged to the dollar, CBDC might be used as a stablecoin in countries like venezuela, turkey and argentina which could help residents to avoid inflation. That might be one area it could have real world application. Although given the preference for regional lockouts where video games made in japan can't be played in the USA, as an industry standard, it is possible that may not be an option outside of forex which already exists.
I think the Digital Dollar will benefit banks and governments more than it'll benefit individuals themselves. The end user will enjoy convenience/ease-of-use, but that's it. Privacy will be long gone as the US government will have a complete view of the digital ledger. What kind of impact will the launch of a US Digital Dollar have on crypto, is yet to be seen. Either decentralized cryptocurrencies experience greater adoption because of the Digital Dollar or all the other way around. It really doesn't matter as long as crypto stays true to its roots. With long-term preservation of decentralization and censorship-resistance, we might be able to see major cryptocurrencies living alongside digital Fiat for generations. Who knows how a full-fledged digital economy will look like in the future? Just my opinion |
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There's no need to eliminate credit or debit as this will remain to exist forever even when the centralized economic system will collapse. The thing is when you can spend your crypto through debit or using credit card that can be paid with crypto and why not? Eliminating anything will not solve the problem or make crypto even stronger. The main thing is crypto needs to be integrated with various service like this to make sure if it has more and more utility usage in our real life. These payment methods can be integrated with crypto. Some people are also using this right now with crypto
It's better if all of payment mechanisms can co-exist
It's certain that Fiat and crypto will co-exist, since centralization can never replace decentralization (and vice versa). But I believe plastic cards whenever in the form of a debit or credit card, will cease to exist as crypto/Blockchain tech proves to be superior. Instead, people will conduct payments on their smartphone at any physical store of their choice using a government-issued digital currency. It will work the same way as a stablecoin, but backed by "trusted entities". By then, VISA and Mastercard would've changed their business model in order to stay ahead of the game. The next part of the digital payments revolution will eliminate the need for smartphones as implants will contain all of your financial information. But this is something we won't see happen at least decades from now. Paper money is still being used worldwide, so credit/debit cards will be with us for quite some time. Just my thoughts |
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there are collectors of them. I currently have a s1, s3, s5, bfl monarch, knc titan and a couple others that currently elude me as to their names for old miners. I would like to eventually have the space to have room for more and have them displayed. One of everything is my motto It was always my dream have my own mining farm full of ASIC hardware that would someday made me filthy rich. But back in my early days in crypto, I was in a very difficult financial situation. Hence, I could only afford the two miners described on the OP. ButterflyLabs (BFL) used to make great miners back then, but the company turned into a scam. I almost fell for GAW Miners' own ASIC hardware, but I still lost a lot of money investing in the so-called "Hashlets". I can never forget that time where you purchased a "Hashlet" with the hopes of getting "Paycoin" in return. With so many shady mining companies, I decided to only "stick" with my trusted, good-old miners. I'm still considering buying other miners for collection/display purposes, though. |
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I have a couple of old ASIC hardware lying around collecting dust, which I used to mine Bitcoin and Dogecoin in my early days in crypto. They are the Gridseed GC3355 and the Block Erupter USB Miner. Last time I've plugged them into my PC, they were still working like a charm. I'm wondering if it's worth holding onto these to sell them at a later time? Will they increase in price like physical crypto coins or not? I saw a couple of Block Erupters selling at more than $100 per unit (which is way more than what I've originally purchased mine a few years ago) on eBay so I've figured maybe I could sell mine? Any suggestions and/or recommendations will be greatly appreciated. Thank you. |
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Every day, people are getting more used to digital payments with crypto due to the numerous benefits it provides. There are no chargebacks, no middleman, and lower fees. Comparing crypto against traditional credit/debit cards issued by banks, I'd say crypto wins by a long shot. Merchants and businesses are slowly accepting crypto as payment method, so we should see credit/debit cards lose traction in the long run. Even VISA announced that it will be using Blockchain tech for its own benefit. The way I see this will turn out in the future is that credit/debit cards will cease to exist as they're replaced by stablecoins and decentralized cryptocurrencies like Bitcoin and Ethereum. Maybe VISA, Mastercard, American Express, and Discover will make stablecoins of their own? If credit/debit cards are eliminated, then we'll be on the right path towards a full-fledged cashless society. Instead of carrying with a physical wallet full of paper money or plastic cards, you would only carry a smartphone with a digital wallet containing the coins of your choice. What do you think? Will cryptocurrencies eliminate the need for credit/debit cards in the future? If not, why? Your input will be greatly appreciated. Thank you very much. |
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There's been a lot of talks about the Federal Reserve's plans to develop a Digital Dollar in order to phase out paper money for good. The US is aware that China has launched a CBDC of its own, leading it to act fast in order to maintain its grasp on the global economy. I wonder what would the impact of a Digital Dollar be on crypto itself? Knowing that people prefer convenience on top of security/reliability/decentralization, it's likely the majority will "ditch" crypto in favor of a government-backed digital currency. By the time all countries have their own digital currencies, it's likely governments will become more oppressive against crypto/Blockchain tech. We're still a few years away from seeing a Digital Dollar in circulation, so there should be nothing to worry about at least in the time being. Thoughts?  |
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2021 proved to be the biggest year for Solana as the cryptocurrency reached new All-time-highs in price. Mainstream adoption was flowing like never before, with new projects joining in the craze. What made Solana extremely successful at the time was its highly-performing blockchain network (blazing-fast speeds and ultra-low fees unlike any other blockchain in existence). But the recent number of network outages caused prices to sink to the point where Solana is far from its latest All-time-high. It's no wonder since security/reliability is the key towards any project's success. That said, there might still be hope for Solana if developers continue to improve the network to help prevent further outages from occurring again. Helping build new technologies take time to make them as rock-solid as possible. If all goes well, we might see a better version of Solana 10 years from now. What do you think about this project? Will it have a future? If not, why? Your input will be greatly appreciated. Thanks in advance. |
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If crypto becomes extremely popular in the future (widely adopted by a vast majority of people worldwide), it's probable governments will turn against it. They can pressure centralized exchanges to close up shop or face serious consequences in the long run. After all, these exchanges are the on and off ramps from the crypto world to the Fiat world. While not every country is against crypto, they might change their stance once they see Russia using it as a means to avoid sanctions. Imagine if most countries unilaterally agree on banning centralized exchanges for good. Will that mean the end of crypto for good (even though it would still be possible to get some crypto through decentralized exchanges)? After all, most people will be afraid of using crypto if it's declared "illegal". The ban of centralized exchanges will surely topple crypto prices, signaling fear among investors and traders alike. What are your thoughts? |
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I think that the biggest sanction that can be given to Russia at the moment is that they take the purchase of oil, because given the visits of senior Biden officials to Venezuela, it became clear that they are reaching agreements to sell oil to the USA to try to replace Russian oil, perhaps the production will not be the same as that of Russia, but it is necessary for a country like the USA, which is very consumerist in nature, to be able to satisfy the needs, it will not be like before, but it will not fall to low levels where everyone in that country falls into collapse, I think that prices will increase but the services that have to do with black gold will remain.
Buying oil from Venezuela would be no different than buying oil from Russia. Everyone knows both countries (Venezuela and Russia) have strong ties with each other. Biden's efforts to punish Russia would be futile if the US buys oil from Russian allies. While current sanctions plummeted the Ruble, the effects might not last for long as Russia seeks to become as self-sufficient as possible. China would be Russia's biggest economic supporter, as previously speculated by the US. Only a full-scale war with Russia from the US and its allies would put an end to Putin's ambitions. But the West and the EU are taking it too "soft" so things will only get worse from now on. Just my thoughts |
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Everyone is free to have their own opinion about Bitcoin, you can’t really change that. There will always be people who are out there to say bad about Bitcoin, they are always blinded by hatred and would never see the good things that the cryptocurrency community is doing, they are only going to be seeing the bad ones instead.
Although I am not saying that it’s wrong for someone to point out something they feel is not right, because if they never point out the wrong things then there would be no way for us to know all those things and try to fix them up. So whatever she wants to say, she’s free to say it, she is not the only one that has made such comments, there have also been other people who has been saying that Russia would use Bitcoin as a way to evade sanctions. But, one thing I know for sure is that whatever they’re all saying, it won’t affect Bitcoin.
Of course. Not everyone will find Bitcoin attractive. Some will hate it, while others will embrace it for their own benefit. Opinions won't affect Bitcoin thanks to its decentralized and censorship-resistant nature. There are many people supporting the Blockchain, so it should be able to last for a long time (probably forever). As expected, Elizabeth Warren is a government official so it's normal to see her opposing Bitcoin. Her opinion doesn't matter as long as the majority is with Bitcoin. People should focus on what matters most which is maintaining Bitcoin's decentralization. As long as this is prioritized, there should be nothing to worry about. Just my opinion |
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