Maybe because it is very complex to convert the money from crypto and it requires KYC where personal details are required before getting the money.
So they prefer the traditional thing and besides not all of them are capable of hijacking cryptocurrency.
It's obvious that it's easy for criminals to use the traditional which has easier transaction processes.
Yes. But what if I told you it's possible to get access to crypto without KYC? Criminals can simply use a peer-to-peer trading platform or a decentralized exchange to turn their cash into crypto for peace of mind. Of course, this requires some level of technical knowledge. But if criminals are willing to learn, I don't see why it won't happen anytime soon. The main issue is not access, but rather price volatility and lack of merchant acceptance. Without a stable cryptocurrency price, I don't see crypto replacing cash (Fiat) anytime soon. It's this level of convenience which makes Fiat a true winner for illegal transactions. If crypto was stable and widely accepted by merchants and businesses alike, things would've been different. But that's not the case, so criminals using crypto on top of Fiat is only a dream. I'm fine with that as long as crypto's legitimate use cases are expanded. Once illegal activity is reduced to a minimum, crypto will flourish like never before. Just my thoughts  |
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Everything that's going on right now isn't conducive to a good future, but no one is certain of anything. I used to think that BNB could not exceed $100 and I was wrong to have sold out of BNB at the time it skyrocketed. Looking at the potential and ambition of the project I am pursuing, $1000 is just a target that will happen, and the point is you have enough patience until then.
Crypto behaves in many strange and bizarre ways, so I wouldn't be surprised if BNB goes far beyond $1k in the future. Coins that were thought to be worthless (like Dogecoin) are now worth serious money due to hype. BNB is a smart contract platform so it has better chances of increasing in price than cryptocurrencies with a single use case (with the exception of Bitcoin). I'd say this is the best time to buy and "hodl" BNB as prices are going down the drain at a very fast pace. The Russia-Ukraine crisis seems to have negatively affected both the crypto and stock markets, as uncertainty rules the minds of mainstream investors and traders alike. As long as you're able to make profits, nothing else matters. Ultimately, it's all about utility. BNB is very useful (not to mention that it's backed by Binance) so it'll be here to stay for a long, long time. Just my opinion  |
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Remember predictions are not always correct as they may still be wrong on many occasions. $100K is a good price to expect and not impossible if you know how bitcoin hit ATH beforehand. I don't think people have overestimated bitcoin, that's a weak opinion and you can do your own analysis to find the answer. I just wanted to let you know that the strong fundamentals of positive news will greatly affect the demand for bitcoin, so there is always hope.
I wouldn't say $100K is bullshit right now, but we can expect it to be achieved in the next 1-4 years. Adoption has supported bitcoin to grow, so have no doubts about its future and great potential.
People overestimate Bitcoin because they think it's something that will pass away as time goes by. Little do they know that this is a revolution that's just starting to change our world for the better. The bigger and stronger Bitcoin becomes, the faster banks' demise will be. Once you realize Bitcoin is a new kind of money no government, evil corporation, or bank can stop, nothing will be able to stand in your way. "Owning" Bitcoin gives you financial freedom like never before. Price-wise, I'd say $100k per coin is just the tip of the iceberg as the best is yet to come. With El Salvador, Russia, Ukraine, and several other countries legalizing Bitcoin, it should only be a matter of time before prices go all the way to Mars. Just my thoughts |
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Volatility due to current uncertainties caused by conflicts is one of the biggest factor here. Investors nowadays are smart enough to not investing in these times of war. However, it is not the end of crypto. Bearishness is indeed in front of us now. Just hold on and buy the DIP.
There are a lot of negative events happening in the real world which stumble cryptocurrency prices across the market. China's decision to ban cryptocurrencies, Elon Musk's criticism of Bitcoin's high-energy consumption, and now the Russia-Ukraine crisis have negatively impacted major cryptocurrencies like Bitcoin and Ethereum. We need something positive that would drive market prices all the way to the moon. But that will take some time, as hype doesn't come overnight. Ultimately crypto is not about the price, but rather the number of benefits it provides relative to Fiat. Crypto is far better than Fiat so price doesn't make any difference as long as it does the job well. Once people start thinking in terms of Bitcoin (not in Fiat), then volatility would no longer be a concern to investors and everyday people like you and me. Who knows if we're close towards experiencing a "hyperbitcoinized" world? Just my opinion |
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That's because not too many people see bitcoin as a store of value when you compare it to those who keep their investment in fiat or other assets.
BTC from what I know wasn't supposed to be paired with fiat and also ought not to have a centralised value, it should have been a medium of exchange between two parties who don't want government interference in their transactions.
But I think that as of today, BTC is more of a speculative asset than any other thing (store of value, cash payment system) but if there is massive adoption and BTC is used for daily txs, we will see it gain steadily and continuously against the failing fiat currencies. For now it is mostly speculative hence you should expect price volatility.
Exactly. Most people haven't even heard about Bitcoin, so it's going to take some time before the cryptocurrency matures in the mainstream world. While adoption has certainly increased over the past 4 years, there's still a lot to achieve for Bitcoin to reach a wider audience. If you're patient enough, you'll be able to sell Bitcoin at prices well above $75k. Things are just going down temporarily due to negative events happening in the real world (like the Russia-Ukraine war). In times of crisis, Bitcoin proves to be a true winner as it's a censorship-resistant kind of money no one can stop. The more people become aware of Bitcoin, the faster the cryptocurrency will soar towards far beyond just $75k per coin. Some experts say Bitcoin will reach $1m due to the limited supply and ever-increasing demand. Buying and "hodling" BTC now would be the wisest decision you can make. 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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Hello,
Which one of the following coins has a Ethereum-like potential:
1- Terra
2- Avalanche
3- Polygon
4- Moonriver
Thank you.
I'd say Polygon has an Ethereum-like potential due to the fact that it's secured by the main ETH blockchain. Not only that, but it's also extremely cheap and fast to use. Being directly compatible with Solidity smart contracts is a plus, as developers can easily migrate their dApps from ETH to the MATIC chain. Avalanche is also compatible with Solidity smart contracts, but it has its own blockchain network whose security is entirely independent from ETH. In other words, Polygon is as secure as Ethereum itself. MATIC is trading below $2 right now, making it a huge bargain to those seeking endless profits in the future. Ultimately, it's all about usability. As long as the cryptocurrencies from the list bring real use cases to mainstream world, nothing else matters. Just my thoughts |
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They will kick them out of SWIFT and stop there probably. The thing is the US can't do more. Biden already said that they are not going to send troops to Ukraine to fight Russia if Russia invades Ukraine.
You can't do much against a nuclear force as long as they don't threaten you directly. Getting kicked out of SWIFT would benefit Russia more in the end ironically because the USD will lose another customer.
Russia will probably build its own financial system independent of SWIFT. As long as it has its own reserves of Gold and other scarce commodities/assets, sanctions will have little to no impact over the Russian economy. By stripping Russia out of the SWIFT system, the USD will continue to lose traction as the world's reserve currency. I have a feeling countries will begin to separate themselves from the US Dollar slowly as time goes by. All of these actions will directly affect the American economy in ways that were never imagined before. Now that Russia has invaded Ukraine, things are going to get worse. Oil prices will rise, leading to a huge blow over the global economy. Russia is one of the major producers of oil, so it doesn't have to worry about this. Who knows what will happen in the next days with rising tensions between the West and Russia? Just my opinion |
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Doesn't matter if the US government has acted late, what matters is that crypto is here to stay and no one can stop it not even US.
And we've seen regulations all over the world, some of them are in place already and yet the market seems to thrive even inside this regulations. Scams are everywhere though, maybe this regulations will give this criminals time to think, but not sure how it will stop them from their tracks. They are always one step of the game.
Bitcoin doesn't need any governments' approval to survive. As long as it remains decentralized and censorship-resistant, it can live on its own independent from any governments' actions. The US government is considering to further open its arms towards crypto/Blockchain tech not just because it brings huge taxation benefits but because several other countries are doing the same. Countries like El Salvador, Ukraine, and Russia announced their support towards Bitcoin, leaving the US with no choice but to fully embrace the revolution. Otherwise, it'll be left out of the game as other countries gain advantage. Consider how innovation stifled in China due to the government's decision to ban crypto completely within the country. It lost a huge taxation opportunity that would've led China towards long-term prosperity. The more countries join the Bitcoin/Blockchain bandwagon, the faster we'll be heading towards "hyperbitcoinization". Who knows if we're seeing the end of centralized Fiat's dominance over the global economy? Just my thoughts |
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I believe developers saw the the vision of Bitcoin and try to explore from the vision by introducing and making their own coin but they lost focus because they only have one goal in mind which is making money, forgetting the most vital ingredients in developing an asset. They forget that they are certain steps and strategies to undergo before accomplishing a good assets or goal.
Some of the reasons why I think some developers fail is because:
1. Lack of funding both the starting aspect and the launching aspect (lack of money to continue)
2. Failure in out righting frauds
3. Failure to evolve especially when the coin initially start bomming
Most developers have only one vision which is making money that is why many coins doesn't grow and they failed because they didn't see the vision ahead.
Exactly. Most developers are into making money, instead of believing in the technology. That's the reason why there are so many coins on the market right now. What we've seen lately is a new wave of tokens emerging from existing smart contract platforms aiming to take as much money from investors as possible. Blockchain networks built from scratch (eg: Bitcoin, Litecoin, etc.) are often a rarity these days. Not to mention, PoW-based cryptocurrencies are becoming scarce as developers shifted their focused to PoS due to "environmental concerns". The vision of a decentralized blockchain network that provides real use cases to the world is slowly fading away to oblivion. If this keeps up, Bitcoin may end up being the only coin that will not end up corrupted by greed. In this world, money talks so expect to see more useless coins come up with the purpose of enriching developers themselves. Just my opinion |
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Many newbies come to cryptocurrencies on the back of the crypto hype. In 2017 it was the ICO hype, in 2020 it was the DeFi hype, in 2021 it was the NFT hype. But in the crypto industry, as a rule, where there is hype, there is most of the scam, because scammers do not miss the opportunity to capitalize on human greed and inexperience.
I think it's obvious to most experienced crypto users that most NFTs are junk with no value, with a few exceptions (like CryptoKitties and CryptoPunks that existed before the NFT hype). But newcomers run to the market to buy various cheap NFT shit, hoping that in a month, a year or more, their token will cost 100-1000 ETH.
We observed something similar with ICO coins, when people invested in everything, thinking that these projects would bring them x100-x1000 profits, but only the creators of these tokens, and not investors, are guaranteed to earn in these HYIPs.
a
The most popular NFT exchange, OpenSea, has quickly become a major platform with billions in trading volumes in the summer of 2021:
...
And six months later, OpenSea itself admitted that 80% of the garbage was placed on their platform:
...
And 73% of the NFTs placed on their platform are illiquid and have only 1 transaction (which, with a high probability, may be part of wash trading):
...
In fact, those who create these tokens very often buy them from themselves (wash trading), thereby artificially increasing the price and, in the eyes of a beginner, this garbage token acquires value. The beginner thinks that if the token is bought so often, it means that it will continue to be in demand, and therefore, grow in price. Only one nuance is not taken into account: when the NFT hype passes completely, 99% of these tokens will die forever and remain dead weight on the wallets of these unfortunate investors (hello, ICO coins).
Therefore, you should not invest your money in this garbage, hoping for an easy and quick profit. In this scheme, most often, the one who sells earns, and not the one who buys. NFT tokens, more or less known, can be used for short-term speculation, while it is still relevant, but still, this activity is very risky and dangerous.
Therefore, avoid such investments and invest your money deliberately, and not on a wave of euphoria.
This usually happens with every emerging trend. Just like there were garbage ICOs, the same is happening with NFTs now. Only those NFTs with intrinsic value will survive in the long run, while the rest go all the way down the drain. Picking the right NFT as a long-term investment is tricky, since you can't predict whenever an NFT will become a huge success or failure in the mainstream world. Crypto land often behaves in strange and bizarre ways, so expect the unexpected. What I think will really take off is not digital arts/paintings, but rather in-game items as NFTs. That's where the money will be since games are a big hit these days. It's still the early days of NFTs, so I'd say we should give them more time until they're mature enough for mainstream use. Just my thoughts |
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I think it helps to look back a couple of years. Most coins that were in the Top20 a couple of years ago are now not even in the Top100 anymore. Things can change quickly and I would be surprised to see only coins that are already existing in the CMC top10 in 2025. There will be at least 2-4 newcomers that nobody expects. Also Doge $11. Wow  Altcoins will most likely change their position in market cap by 2025 as hype shifts from one project to the other. But not Bitcoin, since it's the one cryptocurrency that started it all. $11 per DOGE is an insane prediction that will never materialized because of the cryptocurrency's inflationary design. Not to mention, DOGE is a "meme" coin with no real use cases in the mainstream world. It's just driven by hype, nothing more. CMC was acquired by Binance a few years ago, so it can be easily manipulated to their own benefit. Cryptocurrency was never about the money, so I'd advice anyone to focus on its development rather than how much it's worth in terms of Fiat. 2025 is only three years away, so I'd expect crypto to be much bigger and stronger than what it is right now. Just my opinion |
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Seems to be rival competition. Since most of the countries are now starting to adopt the crypto currencies some way or other, its nothing new for Ukraine. Idk, with the time we are going to follow numerous such news that X country passed legal tender about bitcoin and so on. With the time and most preferably due to the pandemic, situation of financial burden is now lurking head in different countries.
The indirect effect is from crypto currency market. I mean, since many peeps are investing into crypto no matter what, government is loosing the taxes from it. Thus, they left with no choice but to enter the market with legalisation and try to get some profits out of it.
It's all about taxation. Ukraine doesn't want to be left out of the game, especially when most countries are legalizing Bitcoin. As long as there's money to be made, nothing else matters. We're going to have to see how this will play out in the long run, especially when Ukraine is on the brink of a Russian invasion. As much as I don't want Ukraine to lose its sovereignty, an invasion will push back everything the country achieved on its own if it loses the war. Russia has legalized (or is about to legalize) Bitcoin, so it shouldn't make any difference whenever Ukraine is invaded or not. Adoption-wise, I see this move (the legalization of Bitcoin) as one step closer towards "hyperbitconization". If this keeps up, the world will end up using Bitcoin ditching Fiat for good. It sounds crazy, but anything can happen in the uncertain times we're living in. Just my thoughts |
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I don't use ETH anymore for making any regular transaction. I just hold them for profits. Almost unusable due to the gas fee. I remember trying to buy a token and the fee was around 200$+. I would have been paying more in fee that the amount of tokens i was buying. The highest I paid was around $25 I think. Not once, but twice and both the transaction failed. I forgot you still lose your fees when the transaction fails..
Gone are the good-old days where you could pay a ridiculous amount of gas to get your transaction processed by the ETH blockchain. Back then, transactions used to confirm within 14 seconds. Now it takes around a minute or two (maybe even more depending on the gas fee used) for your transaction to reach 1 confirmation. These are the consequences of being too popular as a cryptocurrency project for day-to-day transactions. ETH devs should've introduced a short-term remedy for the high gas fees, but for some reason, they haven't done that yet. They're only focused on PoS, thinking everything will be "magically" fixed after the upgrade. L2 scaling solutions like Arbitrum and Optimism are around, but not many people use them. Without awareness for these L2 networks, how would ETH scale to millions of people around the world? I just hope gas fees don't stay high forever. Otherwise, ETH will remain a platform used solely by whales and big exchanges alike. I haven't been using ETH for a while except to redeem some airdropped tokens whenever it's economically-feasible to do so. I'm pretty sure the average person is doing the same as gas fees are too high to bear. At least, we aren't stuck on a single chain. Things would've been worse if ETH was the only smart contract platform in existence. Just my opinion |
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We're talking about different classes of criminals when discussing fiat and cryptocurrency transactions. The local drug dealer isn't inclined to accept cryptocurrency because they are running a cash business - they buy in cash, they receive cash and they restock in cash. Besides that, their customer base is unlikely to be super sophisticated to use Bitcoin, or at least enough customers don't do it to make it worth additional hassle. The type of criminals you see talked about in the news and referring to crypto are large scale - randomware attackers, money launderers and criminal syndicates that generally just need to move money across borders with ease.
Drug dealers need something tangible that can be used offline in the easiest way possible. Cash fits the bill nicely due to its wide acceptance by business and merchants alike. I doubt drug dealers would want to get into something as transparent and volatile as Bitcoin. Not to mention, it requires some level of technical knowledge to get used to. With Fiat (cash) you just hand in the money to the merchant and that's it. For these and many other reasons, cryptocurrencies like Bitcoin and Ethereum won't attract many criminals into them. Only hackers and scammers will find crypto useful for their own needs. As long as the majority uses crypto the right way, there should be nothing to worry about. Just my thoughts |
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I want to confirm that I received my coin yesterday.
Willi9974 sent me an
image of the coin before sending and can confirm same has been received.
Mine's still stuck at the warehouse. No change whatsoever in the shipment status for a couple of days now. I'm eager to get my hands on this beautiful coin to go along with my other crypto collectibles.
If there are further delays, maybe Willi9974 can contact UPS to see what's up? A slight discount in the shipping cost would be nice (as I've paid $40 for shipping).  EDIT: Thanks Willi9974 for the update. I will try to contact UPS to see if it helps solve my situation. Almost 2 months since the coin was shipped is a huge delay in my opinion. Fingers crossed I will get it next week. |
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it is very possible. especially now that BNB is the first alternative to ethereum. so, the potential could even be as high as $1k or more. only, it needs a push from the bull market. Currently, we know that CZ and his team are still in the process of developing their product in order to push BNB prices to that point. however, for now, it seems that in order to achieve this, a bull market is really needed. well, let's see at this year, even when it hit $800 it was already a very good point.
BNB will reach $1k, but now it's not the moment. There's a persistent bear market that's bringing major crypto prices all the way down the drain. For BNB to go all the way to $1k, Bitcoin needs to achieve a new All-time-high. Otherwise, BNB will struggle to rise in price on its own. It's been shown from time to time that cryptocurrencies with smart contract functionalities have higher chances of increasing in price than those without it (except for Bitcoin). Consider how smart contract coins like Ethereum, Polygon, and even Cardano when sky-high in an instant. The same can happen with BNB in the future. It already surged towards nearly $700, so getting past $1k should be a piece of cake. Just keep buying and "hodling" in order to obtain great results in the not-so-distant future. Just my opinion |
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you are very calm in responding to this situation. it is likely that the market is currently repeating the same events as several years ago, the market will continue to fall. i hope that doesn't happen. but if it does happen then as you said, see you in 2024 or 2025. i hope you will be there because i will also be prepared to stay there.  Our best hope would be to wait until the next Bitcoin halving for prices to go all the way to the moon. Right now, there's a lot of uncertainty regarding the Russia-Ukraine crisis, the new COVID variants, and rising oil prices. These negative events in the real world will be a huge blow to crypto market prices within the short term. Everything is going down at a very fast pace. If I were you, I'd buy promising cryptocurrencies right now to sell them up when the market goes bullish again. Most people don't know much about the crypto market so they will sell when they see prices falling at a fast pace. At least, cryptocurrencies are being developed behind the scenes. It is said that on a bearish market, the crypto industry flows with innovation. So even if prices are going down, crypto projects are improving in order to become a force to reckon with. By the time everything goes up, existing cryptocurrencies will be much faster and cheaper to use for day-to-day payments. As long as decentralization is prioritized, nothing else matters. Just my thoughts |
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LOL.. if anyone want to check the US federal debt in real time, then go to this website: https://www.usdebtclock.org/For those who are unware, the federal debt has crossed $30 trillion, thanks to people like Janet Yellen and Ben Bernanke. And I would blame both the Trump and the Biden regimes for this spike in debt. When Trump took office, the debt stood at $20 trillion, and it was measured at $26.9 trillion when he left office. And Biden managed to add $3 trillion to it in just around one year. And it will get worse, given the rising oil prices and tensions along the Russia-Ukraine border. Only fools would store their money in USD right now. Sadly, the US national debt keeps increasing like there's no tomorrow. Sooner or later, the USD will lose its status as the reserve currency of the world. The FED will simply print more money in order to help "solve" the situation. But at the end of the day, this will affect the pockets of everyday people (especially those in the middle-class). Those who're smart would simply invest into Gold and/or Bitcoin in order to retain purchasing power over time. Just like you've said, things will get worse with the rising tensions along the Russia-Ukraine border. The cost of living for Americans will be so high, that people will be forced to emigrate from the country. I just hope the USD will recover back to its former glory after the end of the COVID-19 pandemic. There's lot of uncertainty right now, so we should be prepared for the worst. Just my opinion |
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it is difficult to regulate BTC because from the start BTC has been designated as a decentralized currency, and transparent in its management, but with a centralized platform owned by governments or individuals that can be regulated as said, using fiat currency as a means of illustration
Exactly. You can't regulate something that's decentralized. That's because network participants are spread across many regions around the world. If one country decides to "ban" the usage of Bitcoin, miners and/or node operators from other countries will continue to support the Blockchain. Crypto-friendly regulations will only encourage the growth of Bitcoin within a specified region. When there's a "full blanket ban", Bitcoin's growth will diminish. But that doesn't mean the cryptocurrency itself will die. People will find other ways to circumvent government restrictions in order to get access to Bitcoin. For Bitcoin to go down, the whole Internet needs to be shut down (something which is impossible). Governments will only be able to regulate centralized exchanges since these are concentrated within a single region. But they won't be able to regulate decentralized exchanges, and even in-person trades because of the reasons mentioned before. Things will stay that way as long as Bitcoin remains decentralized and censorship-resistant. Just my thoughts |
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That is quite good, although I am hoping that they do not end up changing their mind, as some of the comments here have said that they haven’t really accepted it fully. But, I saw news that a lot of crypto mining companies has been moving to Russia as of recently. So, it is likely that Russia is a better place for all these cryptocurrency companies to start up their businesses and thrive. So, let’s look forward to their progress in this country. And let’s also hope that their government won’t also change their mind just like the Chinese government did.
I can’t remember seeing so many times of news that kept saying that the Chinese government banned cryptocurrency, while some of them would say that they never did, but at last they finally did, which was a really bad news. So I hope that it is different this time with Russia.
Russia can certainly make a difference if it approves Bitcoin for legal use. A communist/socialist country legalizing Bitcoin is something you don't see quite often. I believe Russia's approval of Bitcoin will be a huge blow to China. The Chinese government better embrace crypto/Blockchain tech or be left behind in the dust. I'm guessing major mining companies will move their operations to Russia after the government becomes friendly to Bitcoin. The more miners flock to Russia, the higher the taxation opportunities will be. Let's hope "hyperbitcoinization" becomes a reality in the future as more countries join the Bitcoin bandwagon. Just my opinion |
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