I love memecoins because of the potential they hold when you're lucky to invest in the right pick that gets the community attention and get hype into incredible returns as doge coin and shiba inu did.

Memecoin are best invested in the bull markets, they're so many of them that it'll be very had to predict correctly which one gets to pump when the markets starts becoming green which is why you don't invest now.

I don't have any favorite, I can invest or dump any of them at any moment because I know they have no value outside of the exchange platforms. I try not to get attached to any of the memecoin in the market.

Altcoins will die but new ones will always be invented since we have greedy people among us as creators or investors that'll always want the new and pumping trends as such they'll be scammed regularly.

Altcoins are any other cryptocurrency that aren't Bitcoin so Ethereum will always be an altcoin. There's no other description for what altcoins are. You can divide them though into coins and tokens.

In this case you can then classify Ethereum as a coins since they have their own blockchain and native token meanwhile other projects that operates on other projects blockchain are called tokens

You have two choices, you can either keeping holding and they fall further without any hope of pumping in the next bull market since not all altcoins that are trading now surfer to next bull market.

Or you sell then now to Bitcoin and be guaranteed when the next bull market comes that you'll be among those that'll profit since you're buying Bitcoin now at its bottom and will sell them high next bull market.

The bull market will be happening very late in 2024 after the halving event of Bitcoin blocks or in 2025 like we saw it happening in 2021 which is exactly one year after the previous Bitcoin halving in 2020

Many short term investors has regretted selling their coins very early. We have investors in Shiba Inu, Dogecoin, BNB, Ethereum, etc regretted for taking profits when this tokens first got a ATH.

Just recently people regretted selling Sandbox, Polygon etc too early as if they had held on in, they'll be in huge profits that could have retired them for life and that's why many don't want to sell.

When they see stories like this they become afraid and don't what to have the same stories as this people that regretted selling too early. You should be realistic with your investment but also patience.

One thing you have to consider before crowding Ethereum as the king of altcoins is that Ethereum was the first smart contract project that came out and I think it was as far back as 2015.

Ethereum had a head start as others began coming out years later and most of them have to passed through Ethereum to become established as a cryptocurency so how then can they compete?

Ethereum is the king of altcoins, if something was to happen to Ethereum, majority of the altcoins in the market will be affected. Apart from Bitcoin, Ethereum should be the next coin to buy.

This is self explanatory. When the time comes and people would choose cryptocurrencies than fiat, the economical status of the country basing it in fiats and traditional finances will be different.

Yes, generally and technically people in the country could have more funds within their digi-wallets. But the numbers that will show on the statistics the government have will decrease as expected.

Well, I don't think government would ban it the same way as gold was banned. It's going to be different than that and more secured soon. Specially people today are more educated than before.

I can actually tell, this is not very much surprising. We've been here since then and we know that Bitcoin always have these types of corrections and we know how to approach it properly.

For me, the best thing that happened in Bitcoin was the fall after the Bull Run last 2017. If that didn't happen, the Bitcoin isn't here today. Bubbles could have been occurred that could have damaged the reputation of Bitcoin massively.

Now, with all of the institutions coming in, the cryptocurrency will soon have another correction we need to be ready with. But this time, this would clearly impact us positively. 

Even with the last issue he had with us, we all can tell that his statements or future statements will still have impact with our decisions.

We couldn't change the fact that Elon Musk has all the resources needed to know better than us. His payroll is massive and connections are too much.

Bottomline is, Elon Musk still have the power with cryptocurrency market if he would choose to influence still. I just hope that soon the next thing he would do would positively impact our cryptocurrency market.

The thing is, all of the instruments in investing are risky, even though the risks have been set as low, there are still chances and reasons that would make you go broke.

And if that's the case, then why not go with the high-risk high-reward game instead? It would be the same anyway.

I never regret that I am currently in this community and support Bitcoin since then. And the investment I had before is now growing and rewarding me so I will agree with this.

Yes, Bitcoin is somehow a force that isn't really clear yet to push as a force with great impact to majority. Bitcoin is almost a currency used from online RPGs but is improved/developed.

However, the development it has is not considered as a force that would replace/disrupt the current once. I think it would need to mature at least 10 more years to become one.

For now we can actually wait and support it to push to the next level. We will soon get there. The moment Bitcoin is accepted all over then congratulations to us.

Even the creator Satoshi Nakamoto won't recommend people to have Bitcoin be considered as a safe-haven asset. Bitcoin's price is too volatile enough not to be considered as one.

I don't think this was expected by the creator but now, Bitcoin went up dramatically. It only means that there is a chance that people would get disappointed when it drops. And this is a fact.

The increase of Bitcoin is not just remarkable, it was insane. People were only expecting it to increase at least 100USD per Bitcoin. But never though it would go this far. But then, this is actually a good problem.

Looking forward to Bitcoin's development in the next 5 years.

One thing is very much clear here. China will never accept Bitcoin as their they don't see any advantages to it.

It's simple and no-brainer. China won't use something created by their competition. They take it as a threat and you cannot blame them from that. I think his statement makes sense. But it doesn't apply to everybody. It only applies to them.

We the enthusiast doesn't need to consider their statement as their opinion is for their goods and not ours. So I think, we just had to respect their decisions and perspective with Bitcoin and do our stuff. That's the best thing to do here.

El Salvador's statement sounded like a rebuttals to Elon Musk's tweet. I can see that El Salvador's doesn't really mean to publish him using renewable resources to mine Bitcoins. It's only because Elon Musk acted to make Bitcoin fall and influence the price.

Mining using renewable resources has been there since day one. Consuming electricity energy from the distributors are also pain in the arse. That is why people would prefer to do renewables. That's a win-win for them.

This is an issue that can be easily resolved. I don't think this is something this threatens people but I think they had to do something about it.

I agree, but I just think if a currency has become successful as Bitcoin, people would consider it as an asset as well. All currencies can be considered asset. But non of them made it from the top as compared with Bitcoin.

The only problem is that. Asset should have consistency to its price at least. Growth should be slow but appreciation is effective in the long run.  Assets appreciate slower than other investment instruments. I'm not saying that Bitcoin is an investment instrument but people treat it that way.

Well, the best thing to do here is to take advantage of Bitcoin for what it offers. Regardless of the use, as long as its taken advantage to make some growth then that is basically it.
 

I agree, this is the easiest way government can retrieve Bitcoins that came from ransomware scams.

Either they have a special agreement with these medium to operate and in exchange, they will be granted access when a criminal used their platform to liquidate the dirty assets they have.

I just feel bad about the criminal, he has to train more though his efforts were all gone to waste. But he deserves it.

If Bitcoin could have a great break through with their transactions fees and the speed, it would be the best global financial/payment and receipt solution in the world. Only with these Bitcoin could become the solution to digital transactions.

But for now technically, Bitcoin doesn't have all that it has to take to become one. It became an investment vehicle which people invest with, diversify their portfolio and also move their assets into it so the value of their wealth will grow or preserved.

There is a lot of cryptocurrencies there that could be the solution. BNB is an example of it. But still, we will never know what would happen in the next years.

If Bitcoin evolves, good luck the fiat!

Bitcoin is already taxed. In IRS, they were able to build this type of tax system where Bitcoin holders will have to pay from their capital gains.
But technically, Bitcoin wasn't originally taxed but still every time you go and cash-out specially with big amount of it, you will be taxed as same as cash.

But you don't have to worry, you'll only get taxed with what you earned (if your capital is big). When your capital is somehow on the lower scale, then I guess you don't need to worry about it yet. There are exemptions with it and you might be included in non-taxable ones.

I agree with this. It would be hard for the government to stop cryptocurrencies from being used by the people. And we all know that not even a single programmer can remove the existence of it. Comparing it to piracy and drug usage. Drugs are tangible enough to be stopped but still, it stays alive. The industry is still there and winning. Unless all of the nodes are removed and the chance is only around .01%.
And also, sooner or later people would put the Bitcoin to the space. At that point it would be harder for them to stop it. That's the truth.

Good question. Technically, bitcoin started from the lowest and it did go up to somewhere up which no one could ever imagine. Meaning to say that, people who went in from the highest price of the bitcoin and was expecting to profit is somehow something that has to be argued with.

Bitcoin is not your typical investment vehicle. People only invest here by choice and without force. Risks are transparent enough for the people to decide their fate. Lows are already expected unless you believe that things go as fantasy.

The point is, people only believe when things have results. Then they expect to have the same when they go in. They feel like things go like that but it's not. This applies in investors who only feared on missing out. That's their problem. We're good at what we know and what we're doing. Unless they seek advise and help and personally reach us. We would be more than happy to assist.

This is insane. I don't think that it is legal to shutdown someone's account without any valid reasons to do so, unless there is one.
But honestly, let's say there was a violation made by the account holder. They should state or inform them with complete details why they had or^ they have to shutdown the account.

This is totally a violation on the side of Paypal. As a Financial Institution, they have to ensure that everything are disclosed properly. Not just that, the trust given to them is something that they have to keep.

On this part, we can tell that Paypal will soon feel the backfire of what they did.