One thing is for sure, as long as there is a demand for something then the price of that will always go up and will always be profitable. NFT games are becoming a huge thing but only axie managed to keep the interest going more than 3 months, nothing else has stood the test of time and that is all because of demand. If we could end up somehow with a great game then I would be quite happy about it, because we need more and more NFT games, but just like the DeFi world there are a billion of them and only a few makes profit for the people.
Look at Cake and Uni, you are making free money by just having money, normally their price should crash, but it didn't? While all the other defis dropped in price, those two are staying strong, why? Because there is a demand for them. Which means NFT could be as good as there is a demand, without demand they worth zero.
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I do not know how many nations will use it as legal tender and I do not know when the next one will be. However, one thing I am 100% certain is the fact that it will happen with another nation without a doubt. It could be just 5-10 nations that accept it as legal tender, it could take 10 years to get to number 10, but I know 100% for sure there will be one more eventually.
El Salvador will not be the only one and there will be more. However, the really interesting thing is that, what if in the next 20-30 years we get to see EVERY nation to start accepting it? I mean it could start with very low economy nations like Venezuela or Zimbabwe to help the nation, and then it could move to just bad, and then it could move to below average and so forth until one day even China and USA starts to accept it? There could be a few nations absent like North Korea and China that is ruled by a dictator, but it is still possible that many nations could do this and then the price will be insane if that happens.
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It is quite interesting to check something that is decentralized. I mean don't get me wrong Uniswap Lab makes a profit each time there is a swap on that platform, it is a GREAT business where you take absolutely no risk at all, no security, not holding anyone's money, basically you do literally nothing and people swap money between each other while you just sit and make money from the fee.
However it is decentralized, as in they can't do anything about it, it would require the whole community to agree to it, which is why they are not going to be able to change anything since not all people will agree to everything. This means SEC could check into it as much as they want, but they are not going to find anything that Uniswap Lab is doing that hurts the market, that is not just a possible situation in the development part if they checked the code of it.
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Also do not sell now that bitcoin is under 50k, buy right now. I know that may confuse some people, the price is dropping so why should you buy right? You would lose since it is dropping right?
Well, the reality is that when it is going down, that usually means the only way left is going up, it could go down only so much and eventually it will start going up.
Buy as much bitcoin as you can without hurting your finances, and if it falls more then buy some more, keep buying more when the price is dropping. It is obvious that when the drop stops, it will not continue to go down and the only direction is higher to our profit and that's how I made my profit. So, if you see bitcoin price crashing, do not be sad, be happy, most newbies are sad to see it go down.
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Definitely man made, without a doubt. When the market crashes all by itself, it takes days to crash, or even hours at least, but this didn't even take a full hour. It was 52k dollars and in less than an hour it was under 47k, even bottomed at 42k for a second there but recovered very quickly above 47k. So it was obvious that it was the whales that wanted to see bitcoin crash, nothing more. The reason is obvious, they can't let a nation take bitcoin as legal tender, if they do that then they would have to accept that bitcoin is reaching to currency levels, not just investment but currency levels.
I remember reading about some super rich person asking how to get bitcoins and his broker suggested some combination of stocks of some companies that are holding bitcoin as a suggestion. Think about it for a second, if bitcoin becomes a currency and personally buyable, then ALL OF WALL STREET goes bankrupt, why would anyone need them? Just do it yourself.
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Just because the price dumped doesn't mean that it will not go up to 70k. It could have dumps along the way and still reach to 70k level as well. That is what I believe is happening, all those whales that sold to crash the price will have to eventually collect those bitcoins back and when they do that the price will skyrocket. Regular people are not selling right now, a drop that happened inside of 10 minutes is not because of retail investors, nobody gets together that quickly and sell it as a community.
It was all whales that ended up selling together in worths of billions of dollars and now they are panicking because people are not selling like they imagined we would. Now they will have to buy from us and we are not selling which means that they would have to buy it more expensive than they sold which would make it go up a lot higher, so 70k is definitely possible.
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I do not think that it would be the reason for it, just because coinbase doesn't have a coinbase lend section doesn't mean that it would have to be cause for a big sale. That would require many people to end up buying just because they believed coinbase lend would make bitcoin go up a lot more, and as we all know that wasn't the case. People did not buy because they believed that coinbase lend would be the reason it would go up, and that means we should not be upset over that not happening neither. I would say even ADA smart contract deal being ruined with scalability issue is a bigger reason, at least that is about crypto and not like some low cap gem neither, it was third ranked coin promising something and failing. It could be a big reason why we are here right now. Obviously speaking we need to keep going for a while longer to see what will happen, but I believe that wasn't the case.
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This will be example to all other smaller nations, they could gather as much bitcoin as they can with the money they have, and eventually they will be leveraged against USD. Think about a nation that is very poor but having a better economical potential in the future than USA? Can you imagine El Salvador ever having a better economy then USA? Of course not, but this crypto deal could make it possible or at least close the gap, overall the difference will always be big, but per capital could get better for sure.
El Salvador doesn't have the cost of living USA has, it is cheaper, plus they do not have the same population number neither, combine those two facts together and they need a lot less money to be a rich nation whereas USA would need 100x more money just to pay the bills.
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I would say that internet is not taken over by companies at all, not even remotely true. Why? Because, there are too many places where thousands or even millions of people chat and we get to hear about the two sides of any narrative which makes it harder for the companies to advertise towards. Like just recently there was a topic here about VISA advertisement and we bashed it to the ground, they are taking a risk by making the simplest of advertisements, because it is going to be viewed by millions upon millions of people and will be bashed in a thousand different places.
Look at twitter alone, they have so many companies there, so many advertisements, so many "look how cool we are" posts, and in the end they are getting negative stuff replied to them all the time. This is not because world is filled with haters, it is filled with people who can finally see the truth which is the fact that companies are not our friend.
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You do not have to be a wizard to know that digital assets (aka crypto mainly) disrupts the regular markets. However it doesn't have to mean that they will no longer exist, of course they will be fine however that means we are going to end up with basically crypto AND fiat together, not with just crypto. Fiat will be here forever, it will be 100% guaranteed to be here in 5-10 years, that is already way too quick to make an assumption, like maybe in 100 years that would be true but in 5-10 years we will definitely have fiat.
The only difference to past 10-20 years will be the fact that more and more places will accept crypto and less and less people will use fiat. This doesn't mean that fiat will be gone neither, it will be 90% main option but it will just have lesser usage rate, that's it. Think about cash vs cards right now, a lot less cash is used these days right? People mainly use their cards to pay, same logic.
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At the end of the day, being a competitior is a good thing, it gives the market more heat and allows projects to get better. Apeswap is a big competition to Pancakeswap but they really lack the gun power to fight them, which is why they are not doing as good as they hoped they would. They have good programs to attract more people to their ecosystem, but in order to do that more they would have to attract projects at zero level, at the ground level.
If a project is already good at pancakeswap, why would they want to move to apeswap to begin with? What is the profit for them in it? They will obviously fail if they switch when they are that big, so the best case would be to stay where they are, hence apeswap can't get the big names. They have too many requirements to go there whereas they should have zero and attract every single project to grow bigger.
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Swipe, definitely swipe. I have been long on them for a long time and I do not think that I will change that anytime soon neither. They are very good as it is, however they could become huge as well. What they need right now is the card they promised to come out, allowing everyone to spend crypto but pay fiat which is not a brand new idea of course but definitely a good execution.
A defi type of system where people could earn money while their money is in their accounts which is a lot more rare, this way your money grows while you do not spend it, but then you can spend it too, like savings account debit card type of deal which is awesome. Plus they are owned by Binance as well which means if it actually reaches to a certain level of development, Binance could handle the marketing part of it very easily without a problem and do it to whole world.
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Stock markets will always have a small hype time to time, but they always end up crashing in the end, for a person who was born in 2000's there have been 2 "once in a life time" level of crashes, born before 1987? You had three of them. Basically what happened back in the day as a big deal, became the normal part of life, I guarantee you before we die we will keep on seeing many more of these and all of them hurts the regular people like you and me.
Rich people get loaned, bailed or overall just saved by governments and other parties whereas regular people who lose a ton of money in those situations are left alone. I end up checking crypto and prefer that because of this reason, it is something that we could always end up in profit and we should always be very happy with what we get because while stocks "crash", bitcoin recovers at the same speed, plus the returns are insane after a crash as well, and it is same for everyone rich or poor alike.
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I have been in the investopedia stock market challenge for the past 10+ years and I can tell you that there is a good side and a bad side. There are people who bought stocks like amazon, tesla or whatever I do not know but stocks that went up insanely high in the past 10+ years and they made insane returns from that and become the best and ranked high, but the only reason for that is the fact that they are people who did it and left, doesn't say they are the best traders, just says they made one good choice back in the day and logged off and never came back.
Now that still shows you that if you pick the right thing to buy and leave it there for 10 years then there is a good chance you will be super rich, same as bitcoin because if you bought bitcoin 10 years ago and left it there for 10 years you would be super wealthy today, but it still doesn't help with trading experience problem.
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I would say that if crypto got big enough to be a topic in candidates promises then that's a great thing, think about how important it is to become a topic in a candidate showdown, usually that requires topic to be at least a 100k+ group in order to make sense, otherwise what's the point of it, like do you argue about the old building demolished and built new? Those type of small stuff do not get into these chats most of the time, or at least a small print stuff.
This shows that crypto became big and if one of them wins and actually does something about it, I can see wall street having a small crypto company part as well, because where else in the entire world would you put world's biggest exchanges? Imagine coinbase and binance and other similar big names having a building in wall street only because they were given lax laws to exist without any changes, that would be so awesome.
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I sort of understand the point, I have been making that point my whole crypto life, bitcoin is a currency that you can make money from by investing.
However I do understand people who see it only as a way to make money as well, where else in the entire world could you make this kind of profit? This is why all those people that invest into bitcoin and other altcoins are only aiming at making a profit and that is understandable since it is the best at that in the entire world.
Fiat currency to use for buying stuff is good, not really terrible and you can use cards that make things better and easier as well, but it is not a great investment, why would I want to buy a fiat currency as an investment? Whereas bitcoin is great for investment, yet not as great as cards to pay for stuff, there are now some bitcoin cards but that is only getting bigger, but it is awesome for investment.
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I have done things between 5-10% back in the day but I would never pay more than 10% if the amount is a lot. This depends on the amount a lot, like if you are doing $100 then it is normal to expect the other side to have a high fee because it really doesn't worth their time to do a business for 5 bucks, hell the fee will be higher than that so it is really not reasonable to expect them to pay for it.
However if you are doing 1000 then suddenly 10% looks reasonable and even maybe a lot depending on where you live, in USA it is reasonable but in Nigeria or places like that? People would be willing to do a lot less. When you reach to that 10k or so levels, I have seen less than 1% as well working properly, tons of people do that just to get a lot of business because rich people who do that much amount could repeat action and that is why 1-2% is not bad fee.
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The simplest method is obvious, you need to watch youtube videos to become good at trading, but you will not be getting good at it just yet, you will learn how the good ones are doing. If you like to read then read, if you like to watch then watch, if you like to listen then listen because all kinds of studying is available for people who learn anyway they feel comfortable with.
After you "learn" how they do it, then you open a demo account somewhere to test for free, and you start to trade according to what you learned, if there is a big loss somewhere you go back to your learning and see what you did and what you should have done and what's wrong, sometimes nothing is wrong and you were just unlucky but still check it and learn from the mistake. When you do all of these for a while, then you can start with small amounts and depending on your results could grow bigger and bigger. Simple as that.
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They need to be under the eyes of the public all the time because like what happens to Amazon, Visa needs customers like us to survive. People need to feel secure when they use their VISA/MC/AMEX what-else credit card payment gateway. While they rip-off merchants and businesses with their astronomical fees, they need us to keep using their cards and their network. Hence, all this advertising.
Same goes for places like coca cola, McDonalds, apple and all that, they are super rich and wealthy and everybody knows about them anyway, so if they did no marketing at all they would still be known. However with more marketing comes more money most of the time and that is why I believe that we should not judge them for making a commercial. The weird part here is not that they are one of the few places that does what they do and they are already super highly known so they do not need it, that is something I can understand and I support the decision to make an ad. However, the weird thing here is that they act as if they are helpers of the world trying to connect people together and help the people who otherwise couldn't, bitcoin really does that, crypto does that but Visa charges a lot of money for that so not like they are a charity, they are a business that makes billions.
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I would say it's a result of propaganda! Old people believe that Bitcoin is used for illegal activities, and now probably these old people think that allowing Bitcoin to be a legal tender will draw people from criminal circles! So now these old people are just protesting against new regulations because they don't see any benefits for them directly! They don't understand crypto, they want something in their wallets! And can we blame them?! It's something new that they don't understand, maybe they feel like left behind again, and they are protesting... as the last chance to change something for them!
If the point of the protests are "this is criminal stuff and we do not want it" then I would understand however they made it very clear that they are also very interested in the fact that bitcoin is volatile, if the point is criminal activity then the point of being volatile should be not a problem at all, why would you care if the money criminals use is volatile at all? They would not say that if it was all about criminal activities. Don't get me wrong I am not saying that they are not caring about that part, all I am saying that if they are saying bad things about the volatility of bitcoin price then it means they must be caring about something more than that and they care about their own money moving up and down as well. This is why I am asking if they care about volatility, why not just ignore it completely? It is an option and not a forced thing, so volatility shouldn't be cause for protests. Weird situation in and out.
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