It's not possible once market start to bullish again because indeed most alts gradually increasing as well especially when bitcoin is in a bulltrend. And its a very near price to be honest, so you need to be patient mate and of course make technical analysis as well so that you can get more information about potential of that coin.
You've said it yourself. The only way UNI can reach a new All-time-high is if the market is bullish. Other than that, the price per token will remain stagnant. Considering that gas fees are high on Ethereum, the average person has moved away from the Uniswap decentralized exchange. Without mainstream adoption for the platform itself (Uniswap), how would you expect the token to increase in price? There are far better competitors with cheaper fees and faster order execution times. BSC's PancakeSwap and TRON's JustSwap are one of those competitors that are better performing and cost efficient than Uniswap itself. What Uniswap only has is large liquidity and a wide array of tokens trading on its platform. If it wasn't by that, it would've been dead by now. For what I know, the crypto market is highly unpredictable. Either the UNI token goes to $50 in the future or continues to sink deeper in price until it becomes worthless. Ultimately, it's all about utility. As long as crypto remains decentralized and useful, nothing else matters. Just my thoughts  |
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PM Sent.  I think it boils down to are you trying to preserve it while displaying it? or preserve it and have it stored?
I just want to preserve my two Bitcoin-themed newspapers from El Salvador. I don't mind about not being able to display them as long as they're well-protected from UV light, dust, etc. It seems that no one makes acrylic cases for newspapers so my best option would be an archive box. I wonder how durable are such boxes?  |
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In terms of market cap? Right now it isn't but as more and more projects go away from Ethereum, these smart contract projects that so called "Ethereum Killer" will slowly increase their market cap. In terms of number of new projects? There is no doubt that these new projects are preferring cheaper transaction fees like in Binance Smart Chain and in Solana. Well as long as the gas fees of Ethereum will be high, I think that it will decrease its users and new projects overtime. Lets see in the future if these other smart contract coins will face the same problem as Ethereum is facing when they reach the current price of Ethereum. Correct me though but I felt a slight increase in the fees in BSC though its not that high  . Slowly but surely, ETH will lose traction due to its ever-rising gas fees. Developers must act quickly, otherwise competitors will continue to gain dominance on the market until they "beat" Ethereum for good. Just because ETH has first-mover advantage, doesn't mean that it'll retain its position on the market. It's all a matter of fulfilling people's needs in order to stay ahead of the game. With gas fees as high as $80, only whales will be able to use the ETH blockchain. The average person will look for alternative blockchain networks that are faster and cheaper to use (even if those networks are less decentralized). BSC's been experiencing an increase in gas fees too, since more people are joining its blockchain network. But it's not to a point where it's ridiculously expensive like Ethereum. Developers just need to continue introducing upgrades to keep the blockchain network as scalable as possible. Unless ETH's long-awaited PoS upgrade comes up, we won't be able to experience a reduction in gas fees anytime soon. Just my thoughts |
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Read this: https://www.voanews.com/a/us-national-debt-tops-30-trillion-for-first-time-in-history-/6424498.htmlAccording to this source US national debt tops 30 trillion for the first time in history!For the first time since World War II in 1946, the United States was indebted to such a large amount. Which is a matter of considerable concern. So, still you think the news is unnecessarily alarmist. You should read the whole news from this source before you think so. The government can run out of money because of the debt of such a large amount. And printing more money would not be able to save them. Prior to the outbreak of the corona virus, the country was already in debt and the COVID spread and the economy began to collapse in a lockdown. And that's why so many people in the United States are out of work. And the United States has to borrow more to cover the deficit. According to the US Department of Revenue, from January 2021 to January 2022, government debt increased to $7 trillion. In this regard, Janet Yellen's statement seems to be correct. $30T in national debt is a lot of money. I think COVID has terribly damaged the US economy where there would be no point for recovery. If this keeps up, then the US will go bankrupt taking the global economy down with it. After all, the US Dollar is the world's reserve currency. There's only one solution to this problem. And that is Bitcoin. If people start saving money in Bitcoin, their wealth/purchasing power would be unaffected by the USD's ever-rising inflation rates. Governments can benefit from Bitcoin's deflationary abilities, if they adopt it as legal tender. El Salvador already did the move, what makes you think other countries won't do the same? With Fiat collapsing, there could be a strong reason to switch to Bitcoin altogether. We'll see how everything will turn out to be in the future as the American economy goes on the brink of collapse. Just my opinion |
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I do not really care what they name it, I just want to see it moved to staking so that miners wouldn't hurt it as much as they are doing right now. It is not even about all those miners selling the mined ETH, that could happen and it is fine, the real problem is that they are spiking up the price because people need it and blockchain gets clogged each time. Any solution that makes it cheaper would be a great solution and we would be getting rid of all these insane prices.
Hopefully it will not take too long, they can name it anything they like to and I wouldn't really care, as long as it works properly. We also have to remember that billions of dollars in ETH is spent everyday, meaning there are a lot of transactions, all of which are high priced right now, all of that would be in our pockets which could make people prefer ETH a lot more.
What's important is that ETH scales as much as possible to be able to experience a massive reduction in gas fees. Only then, ETH would be on a road towards widespread adoption worldwide. The fact that there are many smart contract platforms on the market, tells us that people got tired about ETH's astronomical fees. To make matters worse, developers keep delaying the PoS upgrade indicating no intention to scale the ETH blockchain immediately. Imagine how angry people will be (and investors in general) if the upgrade doesn't come up by 2022. Slowly but surely, ETH will lose traction until competitors take the lead on the market. Of course, ETH has first-mover advantage. But that's not a guarantee it will retain its position on the market. Everything will depend on how high the demand for ETH is. Remember, whales are not the only ones that matter. Everyday people matter too. If the average person moves away from ETH, then there would be no playing field for whales. There needs to be a balance between scalability and decentralization to keep things afloat. At least, gas fees on the ETH blockchain won't stay high forever. Just my thoughts |
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There is no doubt that everything related to the metaverse is developing the fastest at this point. Today I found a completely new project, which will only start pre-sale soon. I think it is worth watching their development because in my opinion it has great potential. https://lunaverse.io/It seems that 2022 will be year of the metaverse. This means cryptocurrencies with metaverse capabilities will soar like there's no tomorrow. The Lunaverse, the Sandbox project, and Decentraland might grow tenfold during the course of the year. If these projects continue to deliver concrete results to the public, their underlying tokens/coins will retain their price for the long-term. Otherwise, not. Altcoins which truly have potential for growth are those that aren't driven by hype but rather true development progress. It may be hard to pick coins that will last, as the market is widely unpredictable. Ultimately, it's all about doing your own research and diversifying your investment in order to achieve long-term success. As long as you play your cards right, you'll have nothing to worry about. Just my opinion |
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You're somewhat right, lot's of money is also going into metaverse, nft, defi and what have you these days so it is no longer just btc, many investors have diversified, they believe there is more money to be made in these macros projects than in btc,
besides, the price to buy 1 btc is already high and it will be hard to x5, x10 or so from it than from these low cap projects, but these are just a small percentage of people compared to the vast majority of institutional investors in btc imo,
But I think this is not only the reason why btc isn't above $75k by now, probably this constant negative fud is also affecting it's growth somehow.
Exactly. Most investors are focused on "De-Fi", NFTs, and the metaverse, leaving Bitcoin behind in the dust. Of course, that doesn't mean interest into the pioneer cryptocurrency has declined. We've entered a bearish period as the hype has temporarily faded away. As soon as the next halving comes up, Bitcoin's price will never be the same as it is right now. I'd say $75k is feasible due to BTC's extremely limited supply. It may not be worth that now, but it will be in the future. Remember, patience is key towards achieving success in this wild and crazy world of crypto. As long as you don't spend all of your Bitcoin, you will be fine. Just my thoughts |
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I'm looking for some sort of an acrylic case that would help preserve my newspapers for a long time. It would be something similar to owlcatz's "Custom Acrylic Slabs" for Polymerbit notes. If you know where I can find one (or least know how to make one), please let me know. I'd be interested in buying two. Shipping would be to the US. Thanks for looking. |
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Technically it is how new blockchains can give very cheap transaction fees. Their original promise will be our projects can provide very cheap, cheapest transaction fee. Our networks won't have issue with scaling, size, etc. Many of new projects die months later or fail to grow so we never have chance to verify their promise.
Else, successful projects will cope with increase of network activities then it leads to issues. We see it with Ethereum, Binance Smart Chain and lately Solana.
It's all a marketing technique new crypto projects use in order to attract investors into them. Once network activity increases, their claims of being the fastest and cheapest blockchain in the world become futile. Any cryptocurrency no matter how scalable it claims to be, can be subject to slowdowns and high TX costs due to high network load. It's all a matter of constantly improving the core blockchain technology in order to prevent fees from becoming economically unfeasible. BNB's gas fees may've increased lately, but it's still much cheaper to use than ETH. Not to mention, Binance's own blockchain network is much more reliable and secure than Solana. With so many alternative blockchain networks and Layer-Two scaling solutions, there's no need to worry about gas fees increasing on a single chain. You'd simply move to another coin whose fees are extremely low. As long as money keeps flowing on BNB, nothing else matters. Just my opinion |
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0.01 bitcoin today is just about $400 in value and that is nothing to make anyone rich, even in the third world poor countries. If we are looking at that and hoping it will become possible in the future then that will have to be after bitcoin has done its halvings for 5 times or more. That is 5 multiplied by 4 and that is 20 years from now. It is going to be a long wait to come. Anything can happen before that 20 years wait. Bitcoin can even lose its importance too before then.
0.01 BTC may be nothing today, but it will be in the future as Bitcoin continues to reach new All-time-highs. The fact that the cryptocurrency is deflationary, tells us that it should become more valuable over time. Of course, nothing is guaranteed in this world. For what I know, the crypto market is purely speculative. If Bitcoin is maintains high demand, you can bet 0.01 BTC will make you filthy rich in an instant. Most of us will probably have more than 0.01 BTC so there's that. We're going to have to see what will happen with Bitcoin's price after each halving. Just my thoughts |
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It is undeniable that Dogecoin is one successful meme coin, yet it doesn’t change the fact that is it still a meme coin, that is unstable and unpredictable. It has been a way to make money in the past, but based on its today’s situation and value, it is uncertain that Dogecoin will continue to be so. If people are wise enough to play on its course then this coin is profitable but it is not advisable to make it a long term investment.
Dogecoin's been successful because of the large community and solid foundation built since it's inception. Being the oldest "meme" coin in the world, does come with its benefits. If it wasn't for that, DOGE would've been dead by now. The only reason why DOGE pumped massively in price was because of Elon Musk's tweets. Constant praising of the cryptocurrency has led investors to buy the coin in mass. It seems that the hype is fading away, as DOGE struggles to reach a new All-time-high. I'd say the "meme" coin is good to make money in the short term, but I wouldn't take it seriously simply because it's only driven by speculation. Developers even said DOGE was created as a "joke", so you get the picture. All that matters here is decentralization. If Dogecoin stays decentralized, it'll last a lifetime no matter what. Just my opinion |
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Solana does not yet have a proper working web wallet that can be used for all their apps.
When you first install it, a simple act as "adding" a token will cost you a fee in Sol. Not only is it centralized in terms of the consensus mechanism, it is extremely centralized in terms of distribution. Most of the Solana is held by VCs and other backers who got their tokens for pennies.
The pump has mainly been due to some big names putting their weight behind it, which as usual led to retail sheep buying it up with dreams in their eyes. Needless to say that those hopes evaporated with the drop in prices.
On top of all this, the blockchain has now "stopped" producing blocks at 2 instances for days together. At such time, the developers just "restart" the chain. All along this time, retail and small players remain stuck while the "developers" can easily provide access to the bigger players on their own terms (Its majorly owned by VCs).
If Solana is the future of blockchain, then it is a clear indication that this space will surely go to zero.
Most people are blind enough to see what's behind Solana, since they're only following the hype. Decentralization is what it's all about in order to make crypto/Blockchain tech work as intended. The limited distribution of SOL and the centralized design of the network itself, tells us that we should look for other options. Who'd want to use a chain that's subject to constant network disruptions? Businesses and merchants want something that's stable and reliable. Not something that can go down periodically. Something similar happened to IOTA where the network came to a halt of couple of times. Now it's "dead lost" behind other coins in market cap, as people moved on to other big things in crypto. The same might happen to Solana if developers don't take decentralization seriously. You can see why so many "Ethereum Killers" have been unable to beat Ethereum after all these years. Without decentralization among alternative chains, there's really no competitor against ETH. Who knows what will be of Solana within the next 5-10 years? Just my thoughts |
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You touch on a very important point, society right now is geared towards massive centralization of information, money and power, and while this has always been the case the levels that we are seeing right now are outrageous.
This is why many people have a problem understanding how a society can function with a decentralized form of money as this will require a huge adjustment to how we do things, and since people are for the most part adverse to change this is why bitcoin has not been adopted as widely as we want, however once the problems that centralization bring become more apparent, like inflation, people will realize that this is the correct path to take and that is when the adoption of bitcoin will grow dramatically.
I'd have to say our society remains the same even with the advent of decentralized cryptocurrencies. It's hard to change something that's been established for a very long time. People are used to centralization and that won't change anytime soon. While decentralization works great for finance, it's definitely not the solution to everything. There's a lot of buzz surrounding the term "decentralization" in part because Bitcoin has been the most widely successful application of truly decentralized money. Ultimately, people will decide whenever they'd want to change their ways or not. As long as crypto/Blockchain tech exists, people will have the opportunity to escape from the evil "clutches" of central banks and governments alike. Who knows how our future will look like with both crypto and digital Fiat in play? Just my thoughts |
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Tron is already a good project, it has a good future as well, and I don’t know what else you are really expecting from this coin. There are over 10 thousands of crypto currencies in the market, and Tron is among the top 30 in the market, doesn’t that show you that it is doing well already? Just because ADA is above it a little bit, doesn’t mean that Tron is not doing well. All the coins in the market are not going to be in the same position.
I have seen coins that are not even in the top 50, but they are doing really well, and those investing in it are even making more profit than investing in top coins. So they are all good, it’s all about what you like, you just choose that.
With Justin Sun abandoning the TRON project, I don't think there's a bright future ahead of it. There's very little demand for TRX compared with other cryptocurrencies on the market with the same features. In my eyes, TRON is undervalued since it's a smart contract platform with blazing-fast speeds and dirt-cheap fees. It makes a great blockchain for "De-Fi" and NFTs. If somehow the community manages to attract developers into the TRON blockchain, TRX would be on a road towards achieving new All-time-highs. I've always dreamed of TRX being worth $1 someday. If DOGE went from being worth nothing to something, TRX can do the same. At least, the blockchain is alive. As long as it stays that way, there should be nothing to worry about. Just my opinion |
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It depends on how the ecosystem develops. The parachain auctions have been going on for a few weeks now, if these projects are successful the price of DOT will increase. I’d say a $100 billion market cap is a realistic target for the next 1-2 years.
Yes. Everything will depend on the project's development progress. If it brings concrete results to the public (instead of hype), you can bet it'll reach a new All-time-high in the future. I'd say $100 per DOT is possible, since the cryptocurrency itself is a smart contract platform. Most cryptocurrencies with such capabilities went sky-high in an instant due to the "De-Fi" and NFTs hype. Polkadot is no exception as it's one of the top players on the smart contracts space. All it needs is a little "pizzazz" to become an extremely-valuable cryptocurrency. The market is bearish right now, so we're going to have to wait for a while before prices go all the way to the moon. Just my thoughts |
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Fiat currencies are simply too convenient for the governments to let go, they are very aware of the enormous amount of power that they are getting out of the current arrangement and they're not going to be willing to part ways with fiat that easily, and I personally believe that it is never going to totally happen, but what it can happen is that bitcoin could force the hand of the government by becoming so powerful that they have no option but to accept the fact that people are going to use it and there is nothing they can do about it.
Exactly. No one said crypto was meant to replace the existing banking system in the first place. Since cryptocurrencies are decentralized, I'd be hard to imagine governments giving up their control over Fiat anytime soon. Something they can't manipulate or control would be considered as a threat to the very existence of central banks and governments alike. With the introduction of CBDCs, it seems that Fiat will be here to stay for a long time. People should learn to live with both decentralized cryptocurrencies and Fiat, instead of thinking which will replace the other. Everything will look almost the same as it is right now within the next 10 years. The only difference is that crypto will be much bigger and stronger in the future. Who knows if we're close to a cashless society than we've ever thought? Just my opinion |
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We have been hearing this news since last year but there is still no feedbacks from the developers team as to when this matter will be address. Hopefully this year, but still no guarantees. I think the best solution is this: "To reduce the cost of your total gas fee through a lower base fee, you could make your transaction on the network at a time when fewer people are using the blockchain. This is because, in a way, base fees are a representation of demand for using Ethereum." source: https://www.google.com/search?q=how+to+avoid+ethereum+high+gas+fees&oq=how+to+avoid+ethereum+high+gas+fees&aqs=chromeThat goes for all newbies out there. I just hope devs make "Ethereum 2.0" a reality before the year end, because people have been waiting for so long for gas fees to decline. It's this reason why we've seen new smart contract platforms gain traction at a very fast pace. The good-old days where ETH transactions were dirt cheap and took 14 seconds to complete are long gone. Layer-Two scaling solutions are great, but not many dApps built on ETH support them. If only ETH devs introduced a short-term remedy for the gas fees, the ETH blockchain would've experienced a huge boost in mainstream adoption already. I guess if it "ain't broke, don't fix it". Decentralization is more important than scaling, so I wouldn't mind waiting as long as the upgrade is done right. Just my thoughts |
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In hindsight, especially as we approach the next halving of 2024, I agree people will be kicking themselves for not buying more bitcoin, especially when it was under $40,000. However, this market is extremely volatile and with looming rate hikes it should be of no surprise that the price is not $75,000 or higher. Also, the S2F model looks like it's getting severely tested with the reality of the law of diminishing returns. I agree though that we'll blast way past $75,000 by 2025! Of course. There's always a possibility for Bitcoin to reach a new All-time-high. High demand and the extremely-limited supply will get us to $75k within the next halving. The reason why Bitcoin isn't worth $75k right now it's because the crypto hype has somewhat faded. People are now focused on other things, leading us to a major depression on crypto market prices. I'd say this is an opportunity to buy "cheap" Bitcoin before it's too late. Fiat's inflation is on the rise, so it should only be a matter of time before most people "flock" into Bitcoin as a safe-haven asset. With how quickly Bitcoin has grown since day one, I think it'll replace Gold in the future. Remember, patience is key towards long-term success. As long as you're patient, you'll be on a road towards untold riches. Just my opinion |
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Hi everyone, it's been awhile, just wanted to tell you that I still haven't sold a bit of BTC since 2013... if I can do it you can do it too!
Some of you may say it's a dumb decision or risky, but I'm all for BTC and positive about it. To the Moon!
I'm impressed to know that someone had the guts to "hodl" Bitcoin since 2013, even with the constant ups and downs in price. Not many people are capable of doing this. If you keep "hodling" without selling a single satoshi, then you'll be on a road towards becoming an multi-millionaire person. Those who get into Bitcoin now, will have to wait a little bit to become rich as market prices are still down. Knowing that the pioneer cryptocurrency's supply is extremely limited, tells me that it'll keep crossing new All-time-highs over time. As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Cheers, mate! |
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