Monero isn't the most profitable coin to mine with your CPU try using calculator for raptoreum to compare daily earnings with Monero you will see what I'm talking about, raptoreum beats xmr mining.
I've never heard about Raptoreum, but I will have a deep look at it. If it's truly ASIC resistant, the results with CPU mining should be impressive. Thanks for sharing!  |
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It's already multiple times I heard Ebay want to accept Bitcoin, but the fact there's no real move to realizing that. Last year they did allow NFT trade [1] on their platform without create any rumor or hype, they didn't made any official announcement. I feel they're not brave to take a risk of accepting Bitcoin as alternative, maybe they want to let another big marketplace accept it first e.g. amazon.
[1] https://cointelegraph.com/news/online-marketplace-ebay-now-allows-nft-saleseBay is just "stalling" by making people believe it's going to accept Bitcoin in order to attract as much money into it. I don't think eBay will ever accept Bitcoin as payment method simply because the risk is too high to bear. Not only Bitcoin's price volatility could affect eBay's profit margin, but there would also be regulatory concerns that eBay would need to face in the long run. Regulators will "stab" eBay in the back if it decides to adopt Bitcoin as payment method (with the excuse that it can be used for tax evasion). That's why eBay and other prominent companies have been too skeptical in opening their arms to Bitcoin. Ultimately, it doesn't matter if eBay accepts Bitcoin or not, since you can still buy eBay gift cards and even virtual VISA cards with Bitcoin through third-parties (eg: eGifter, Bitrefill). Things would've been different if there was no service where you can use your Bitcoin for eBay purchases. Just my thoughts  |
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When price goes up too quickly, everyone starts to celebrate. And when the price drops, everybody wants to know what's the reason why.
Well, no one has the right information why the market is dropping but you can have that speculation that it's all due to the supply and demand plus the news that are rotating the whole market.
And recently, there was a quick price increase for bitcoin so this was expected that there's a reversal too.
Most people quickly panic after a "bloodbath" in market prices because they think Bitcoin is always meant to rise in price. But you and I know that's not the way it works. The market is just driven by speculation, as anything big or small can directly affect Bitcoin's price in terms of Fiat. Newcomers only get into Bitcoin with the hopes of getting rich quick. They don't care about the technology, since they're only blinded by greed. Let me tell you that no one can predict with certainty if Bitcoin will go higher in price within the long term or all the other way around. There are many reasons why the price of BTC is dropping. It can be the Russia-Ukraine war, the new COVID variants, or simply negative criticism from a popular figure like Elon Musk. What matters is not the price per coin but rather its usefulness. I've said this many times already. As long as Bitcoin fulfills its purpose as a censorship-resistant kind of money anyone can use worldwide, nothing else matters. Just my opinion  |
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Putin has been preparing this war for long so i think the Russian economy can still survive which is considered the 11th biggest economy in the world. But it would be a very complicated economy for sure. With all the unprecedented international sanctions against Russia, clearly its economy right now is not doing good. But if Putin will chose not to end this war, its always expected that there will be extension of international sanctions against Russia and the people will definitely experience the hardest part as these sanctions will cut off all their necessities and everything essentials in life.
I think the Russian economy can still survive since Russia is a natural producer of gas and oil. It can sell those resources to its allies in order to become self-sustainable. I guess Russia will create its own payment system that would be an alternative to SWIFT in order to become immune from sanctions in the future. That, combined with the use of cryptocurrencies, should make the Russian economy rise from the ground up. With China by its side, you can bet the Russian economy won't be like this for long. Putin knows this, that's why he hasn't stopped the war with Ukraine. Unless the West and the EU impose sanctions on Russia's allies, things will only get worse. Who knows what will happen with Russia by the end of the year? Just my thoughts |
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Putin is not going to care as long as oil prices go up. Brent crude touched $139 per barrel yesterday and that will bring around $1 billion per day to the Russian treasury from oil exports alone (anything above $27 per barrel is taxed at close to 100% rate in Russia, and they export around 8 million barrels of crude every day). Natural gas prices are at record highs and that will also add to the revenues. And since Ruble is going down, the government needs to spend less money on salaries and pensions.
Biden made things easy for Putin, by sabotaging the Keystone XL pipeline and banning fracking on federal lands.
Putin won't care because it has China backing him every step of the way. I'm pretty sure China will finance most of Russia's military and economic operations after fierce sanctions imposed by the West. To be able to stop Putin for good, Western countries must completely isolate Russia and its allies from world trade. Not only that, but all countries must unilaterally stop the import of Russian gas and oil. Once that is done, Putin will have no choice but to end the war with Ukraine. But the West's "softness" will only make matters worse, leading to Russia's uprising in the long term. When Russia becomes self-sustainable, its own currency (the Ruble) will rise back from the ground up. The Ruble may be going to "hell" right now, but the effects might not last for long if Western countries don't tighten their stance against Russia. The ones that will be mostly affected are everyday Russian people as a worthless Ruble will lead many towards extreme poverty. Things are just getting started, so I can't imagine how everything will look for Russia and the whole world by the end of 2022. Just my opinion |
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The government will not fully regulate bitcoin, the government will only provide basic regulations that will regulate every use of crypto. Using as few exchanges as possible can be an option, because your assets on the exchange are not your assets, because you do not have the keys. If you store it in a personal wallet then it is your full asset.
Stay alert and follow the development of cryptocurrencies as well as some government regulations, Government regulations will certainly change.
Exactly. It's impossible to regulate Bitcoin in its entirety because of its decentralized and censorship-resistant design. What governments will only be able to achieve successfully is implement regulations on centralized exchanges and wallet providers. Anything outside of that will be out of the hands of governments themselves. Look at how China's "Bitcoin and crypto ban" had little to no effect over Blockchain tech's prominence in the mainstream world. If the whole space wasn't decentralized, Bitcoin and other cryptocurrencies would've been dead by now. Depending on how fierce regulations are, people can either embrace Bitcoin or abandon it completely. If a government imposes crypto-friendly regulations, then you can expect adoption to grow within that country at a fast pace. Otherwise, not. I wouldn't worry much about this as long as decentralization wins in the long run. Just my thoughts |
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Of course it is, that is just a way to attract people to discussion. Look at that list, it has avax at the top, which we all know not going to happen, Link at second, which is funny, like who in the hell would make it go to second, not that many people will buy it for sure, uniswap at third is not really impossible if it is behind btc and eth, but not likely neither when you have things like bnb, and we have bitcoin at fourth. Bitcoin at fourth!
Obviously this is just a made up list that was done by the OP to make it a bit more controversial and get attention. Otherwise if you know what you are doing in crypto, you would know that this will not happen.
We can see the OP is quite optimistic when he puts a "shitcoin" as the #1 cryptocurrency by market cap. By definition, this is impossible since that would mean "beating" the original cryptocurrency project (Bitcoin) which started it all. Bitcoin is and will always be the top cryptocurrency in the world because of its added scarcity, unmatched decentralization, and strong community presence. The rest of the other altcoins will simply remain behind Bitcoin for generations. What will change is that some altcoins will lose their current position in market cap as hype shifts from one project to another. But not to a point where Bitcoin will be "toppled" by a competing chain. Ultimately, what matters is a coin's fundamentals (not the price). Even if everything goes down the drain in an instant, you can feel confident that Bitcoin won't be going anywhere. We cannot say the same about Avalanche and other altcoins. As long as decentralization wins in the long run, nothing else matters. Just my opinion |
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I don't think so.
DOGE and other memecoins with no functionality have taken a beating already in the latter half of 2021 and the first bits of 2022.
I would be very surprised if the $0.1 support holds for DOGE, to tell you the truth. I think that it will be incredibly hard for the community to generate traction when the overall mood in the markets is bearish and people are flocking to safe haven assets like BTC and ETH.
DOGE's rise was only temporary since the coin itself has no intrinsic value. Elon Musk is the reason why Dogecoin went sky-high last year. But people are getting tired already, so we should expect the "meme" coin to go back to its original market price. I'd say $1 per DOGE is insane, since the coin itself has "hyperinflation" "baked" into the protocol. It would've been different if DOGE had a much more limited supply. But that's not the case these days. I'd focus more on BTC since that's where the money is. Who knows what will be of Dogecoin within a decade from now? Just my thoughts |
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Are you forgetting that during the second to the last ATH we had, that the market price didn’t really reach $20,000? It was just somewhere close to that range. So the market only stops where it is right for it to stop, and people should learn to have patience.
The market would go up, but I have seen some people who keep on expecting a bull run to take place even after we had already seen one take place just in 2021. They want it to be a process that would be repeating itself every yeah, but that is not how it works. There are times that the market would go up, and there are also times that it will go down. The problem with some of the people here is that they are lacking patience, and that is why they always end up missing that opportunity.
Anyone that really wants to benefit should invest and wait, next two or three years would be another opportunity. If you can’t wait till then, then you can look for something else.
Exactly. Just because Bitcoin reached a new ATH last year, doesn't mean it'll continue to grow non-stop. There will be times when prices will dip due to market correction. People just want Bitcoin to keep going up to get rich quick. But that's not the way it works. Patience is key towards achieving great results in the future. Instead of whining, I'd advise anyone to keep buying BTC at current prices. $75k will inevitably happen due to Bitcoin's ever-decreasing block reward. That, alongside with high demand and an extremely-limited supply should lead us towards the designated milestone in no time. Who knows if we become the next Bitcoin millionaires by patiently "hodling" long-term? Just my opinion |
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This was inevitable. After the US and its allies sanctioned Russia, it was expected they would further regulate cryptocurrencies in order to avoid Russia from using them as a means to finance their operations. With the President Biden's new executive order, I'm afraid we'll see heavy-handed regulations from the US in the long run. This would mean decreased adoption of Bitcoin and other cryptocurrencies in the country. Russia may have been cut off from SWIFT, but it still has China's support. With crypto, Russia can circumvent sanctions due to its decentralized and censorship-resistant design. Governments may only be able to enforce regulations across centralized exchanges and wallet providers but they won't have much success with decentralized counterparts. We'll see how everything will play out in the long run as the global economy changes in many drastic ways. Just my thoughts |
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Mimblewimble ups the privacy game but in no way we could call monero inferior to it. Many coins including Monero has talked of implementing mimblewimble but it's not just the advanced technology that provides privacy and trust. Monero is famous and working for what it is. There are a number of mimblewimble coins that are still struggling to get attention. Almost all of the new coins are superior to bitcoin technologically but are no competition to it. Comparing monero the king of privacy coin with any other is a similar stance.
It seems to me that the "new" privacy technique (Mimblewimble) is completely different from what Monero uses today. Comparing both Mimblewimble coins vs Monero is like comparing apples vs oranges. Each has their own strengths and weaknesses. Depending on your needs, will be the type of cryptocurrency to use for day-to-day payments. As much as I've used Mimblewimble coins like Grin and BEAM, they're not as user-friendly as Monero is (in some sense). Especially Grin, which is extremely difficult to use for newcomers getting into the world of privacy-oriented cryptocurrency transactions. I don't think Monero will lose its position as the "King of Privacy Coins" because of its first-mover advantage on the market. I'm fine with that as long as people can choose from one privacy coin to another. As long as privacy exists in crypto land, nothing else matters. Just my thoughts |
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Russia has received a lot of sanctions now from various European countries, but as far as I can see it doesn't seem like the sanctions have affected Russia in any way, maybe now Europe is also starting to doubt if the sanctions they impose on Russia can stop Russia from invading Ukraine, and even now Russia is getting crazy by continuing to add military troops to Ukraine.
Talking about the sanctions imposed by Europe, I think these sanctions will actually make Europe difficult later, because their may lose the main suppliers of oil and gas and the main raw materials (minerals) for industries in Europe.
Sanctions won't stop Russia from advancing further into Ukraine. As long as Russia has China and other allies' support, it will have nothing to worry about. Only a full-scale war from the US (and possibly other NATO countries) will put an end to Putin's ambitions. But that would be a risk neither of the aforementioned countries will be willing to take since Russia has nuclear weapons in its arsenal. If the war continues, then it's probable Russia will take over Ukraine. This will further damage the image of the West, as it'll prove that democracy is flawed/weakened. Russia will then find other ways to rise again economically in order to become as self-sustainable as possible. After that, it'll be practically impossible to directly affect the Russian economy with sanctions. Things are widely uncertain these days, so we should be prepared for the worst. Just my opinion |
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dont forget about verus coin. a cpu coin
Thanks for the tip. I haven't heard much about that coin, but I'm going to give it a try. I hope it remains a CPU-only coin in other to bring fairness and equality to the system. I have some old PCs I'm willing to use as experimental machines for CPU-mining, so this coin would be the perfect "test subject".  You have absolutely no idea what you're talking about. Top RTX 3090 can do only 2 kh/s on Monero while Ryzen 5 3600 can do 7.5 kh/s.
Well, Ryzen CPUs have an integrated graphics controller (APU if I'm not mistaken). The same can be said about modern Intel CPUs these days. But go a few years back, and you'll find yourself with old CPUs without such capabilities. The results you've given to me are quite impressive, though. Now the real question is whenever XMR is the most profitable coin to mine with CPUs or should I look elsewhere?  |
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The countries of the European Union have already decided to ban the mining and circulation of cryptocurrencies that have the PoW algorithm from 2025. This is due to their commitment to combat the current dramatic climate change and greenhouse gas emissions. But even before that, such a cryptocurrency was very criticized for its high energy consumption. It is difficult to say what will happen to bitcoin if it does not switch to another algorithm. This, apparently, explains why more and more projects are choosing the PoS algorithm.
That's very concerning. Because if most (if not all) countries ban Bitcoin due to its high-energy consumption, then mainstream adoption will diminish. Developers will be forced to switch to PoS, or be left out of the game for good. I think this will lead to another fork leaving us with a "classical" PoW version of Bitcoin and a PoS version of Bitcoin. The same will happen with other PoW coins such as Dogecoin, Litecoin, and Monero. Whenever such coins will survive as PoW forever or fade away into oblivion, will greatly depend on how decentralized and censorship-resistant they remain over time. Everything is open-sourced in crypto land these days, so there's nothing stopping developers from creating new PoW cryptocurrencies in the future. As long as decentralization is prioritized, there should be nothing to worry about. Just my thoughts |
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In these challenging times, we need some critical thinking with a calculated response to the current situation around, especially that there's a threat of war around us, that's why if you want to invest in cryptocurrency just make sure that the coins you want to invest in reliable and investment-grade coins like Bitcoin, Eth, etc. while the other option is the gold-backed cryptocurrency like Gold Token( Gold Storage) as we know that gold prices nowadays are moving up because of the huge demand globally.
In these uncertain times, it would be best to invest into major cryptocurrencies like Bitcoin and Ethereum. Adding Gold to your portfolio is a plus, due to the fact that it rises in price during times of crisis (like the on-going Russia-Ukraine war). As long as you don't put all of your eggs in one basket, you'll be able to minimize the risk of loss as much as possible. Ultimately, you decide what to do with your money. Crypto empowers monetary freedom, making it a great alternative to existing Fiat. Every investment comes with its risks, so I'd advice the OP to proceed with caution in order to avoid losing it all in an instant. Just my opinion |
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Why would the U.S. want to embrace Bitcoin when their currency is turning more into dirt with every passing hour? Inflation for USD is at something like a 40 year high because of the gross negligence of politicians and their federal reserve. Hardly any regulation on Bitcoin is done in good faith, they want to stomp out its usage in order to save a dying currency. The U.S. financial sector does not need Bitcoin, though they would greatly benefit, so they don't mind being left behind in the dust. U.S. would much rather take early action and regulate Bitcoin severely before it has any chance at becoming a competitor of USD.
Good point. The US government doesn't want to lose control over people's finances, so regulating Bitcoin severely would be the best path to take. With fierce regulations in play, Bitcoin's growth will stifle within the country. President Biden already signed an executive order meant to regulate the crypto industry, so we're going to have to see how everything will play out within the next 1-2 years. Once the US Digital Dollar starts rolling in, you can say goodbye to Bitcoin in the country for good (at least it won't die because of its decentralized design). This will probably be the outcome of other countries after they launch digital currencies of their own. I wouldn't worry about that as long as Bitcoin remains decentralized and censorship-resistant. Just my opinion |
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Bitcoin isn't viable right now in Russia, but the point of this post is that it accelerates the adoption of crypto because they remain immune from sanctions. USD is currently the dominant currency on the global market, but the Russians (and Chinese, for that matter) understand it takes almost nothing for the U.S. to freeze assets indefinitely, locking them out of billions without any form of recourse. Sure, the exchanges will be difficult for now, but 10 years down the line you could see massive adoption.
Exactly. The SWIFT ban will force Russian people to join the Bitcoin bandwagon in order to protect their purchasing power as much as possible. That, and the fact that the Russian government is starting to look for alternative ways to become self-sustainable should make Bitcoin and other cryptocurrencies rise in mainstream adoption like never before. We ain't seen nothing yet, as the best is yet to come. Undeniably, mainstream governments will try to pressure centralized exchanges to exclude Russian customers from getting access to Bitcoin. But they will ultimately fail as Bitcoin's decentralized and open source nature allows you to acquire it regardless of mainstream regulations. Decentralized exchanges will surely take off if countries begin to ban centralized exchanges for good. Bitcoin may still be far from its latest ATH, but it will get there soon as the global economy sinks deeper. Who knows if Fiat collapses for good, paving the way for full "hyperbitcoinization"? Just my thoughts |
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Russians have already started buying and this is one of the reasons we are seeing massive movements in bitcoin prices. Also, the world has realized that in a war situation, only the cash in hand and crypto in decentralized wallets are the safest way to store the wealth. The banks and plastic cards are useless in this situation. People are unable to use debit or credit cards if the governments/banks ban their usage in crisis situations.
Of course. Russia had no other choice but to buy Bitcoin in order to help circumvent economic sanctions imposed by several countries worldwide. Bitcoin is truly unstoppable, so that makes it the best sound money the world has ever seen. And that is just the tip of the iceberg as the best is yet to come. Slowly but surely, we've been seeing a new wave of countries legalizing Bitcoin for mainstream use. We now have Russia & Ukraine in the game, so I wonder which country will be next? With major investments from companies to mainstream governments into Bitcoin, the price per coin should've soared by now. If Gold reached a new ATH, then Bitcoin can do better. We'll see how everything will play out in the long run as Fiat collapses in its entirety. I'd be surprised if Bitcoin becomes the new unit of account used in global commerce. That would be a real game-changer. Just my opinion |
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I would like to answer yes to all your questions, but unfortunately it is too early for that.
I think ETH 2.0 will be introduced this year.
If it is introduced without any nasty surprises, then we can expect that #1 position in the cryptocurrency market can be changed shortly.
Smart contracts in my opinion will stay and it is Ethereum 2.0 that will again take over most of the market, but this is still dependent on how much transaction fees will be reduced.
It's about time developers roll out the PoS upgrade in order to strengthen ETH's market dominance and bring down the competition. Otherwise, people will continue to flock from the main ETH blockchain until it's left with whales. There are off-chain scaling solutions and sidechains, but not many people are aware of them (especially newbies). The first thing people encounter with is the main ETH blockchain, so if fees remain high on the main chain, newcomers will simply switch to another blockchain network. As much as I'm against PoS' level of centralization, I think it's the best path for ETH to take in order to remain as scalable as possible for the masses. There needs to be a balance between decentralization and scalability for ETH to achieve its full potential. 2022 has been bearish so far, so we'll see whenever the PoS upgrade will have a positive effect over ETH's price or not. Who knows what the future holds for this exciting cryptocurrency? Just my thoughts |
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What can you tell about the following site ( https://monero-badcaca.net) which claims to have "broken" Monero's privacy? If the claims are true, then Monero would not be a privacy coin you can trust for sensitive transactions. I'm beginning to question whenever other privacy/anonymization techniques are as strong as they claim to be. Of course, nothing is perfect. It would be up to developers to constantly devise new methods in order to strengthen privacy as much as possible. As far as Mimblewimble coins are concerned, I'd say they're not very user-friendly. It takes some level of technical knowledge to be able to understand how to use them properly for day-to-day payments. I guess that's why privacy coins of this type haven't got much traction on the market. Considering that Monero is still the leading privacy coin on the market, investing in it for the long-term would be a no-brainer (assuming developers continue to strengthen the underlying privacy mechanism over time). Who knows how far it'll go in terms of mainstream adoption? Just my opinion |
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