I would say that nothing really comes close to Bitcoin when it comes to decentralization and security. Now, the second in line is, of course, Ethereum but this is considered to be less in terms of being decentralized though in terms of market share they are next in line. There are now many good alts that offer many good features and some are targetting specific niches of the crypto market - which is expanding globally. The market is very much exciting these days and I am sure that 2024 will be an explosive one most especially if Blackrock's ETF application is approved finally by SEC.
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Update: Bitcoin Magazine as of July 14, 2023 decided to ban all my accounts. I milked it while it lasted.
Well, maybe one of their staff got wind of your activities and must have read this post of yours and that is why they decided to blocked your accounts. anyway, I believe that one's generosity should never be exploited as there are now many ways to confirm if one is following the right mechanism. Plus they can impose some form of KYC to make sure they are not dealing with fake people or with bots. I am advising you to hold on to the BTC you got since it would soon be exploding in value...maybe even more the former BTC ATH of 60K$.
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Whenever I heard news of people who committed some crypto-related crimes or who fooled the people who trusted them, there is always that celebratory feeling within me. And in my view, this is just right so that we can establish more accountability in this growing but still young industry. There should be no one above the law and all people who trespass the boundaries should be brought to court and defend themselves on accusations leveled against them. Hopefully, I am wishing that those who lost money in Celsius can have a good way to get back even a part of their hard-earned funds.
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Of course, this is already given. You need money to be able to buy Bitcoin and even in trading it. So if one has no source of funds for the same purpose, then the best thing to do is to make sure you either have a job, have a side hustle or a stable business. Getting funds from family members or friends is not always a good idea since this industry is very volatile - a roller-coater ride that others may not appreciate. However, one can start small and with the use of the internet there are now many ways to make some money.
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I am excited that Blackrock had just filed the ETF anew after SEC decided that the previous one lacked some things that can be critical for its eventual approval or rejection. Now, with the kind of uncooperative and antagonistic stance of the current SEC, people are really wondering whether it would be fair enough in its evaluation. Or could it just be a big trap for the whole industry - timing the rejection just before the schedule halving in 2024? With the way things are, we can only speculate as nothing is really guaranteed.
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While am also a big fan of Ethereum and I fully admire the story of Vitalik Buterin with the fact that ETH is the second on the line after BTC, there is no question that in terms of decentralization, it is BTC that got it all the time. Satoshi Nakamoto understood well the whole process and seemed to me secure the whole network as it plays its role into the future. But of course, with its PoW algorithm, there are those concern with the immense use of power to make things work in its mining aspect - something which PoS has remedied on.
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I am sure that this move by another financial firm named Monochrome will not be the last when it comes to filing for the approval of ETF...and this is in Australia so I am guessing that there can be more ETF filings in other parts of the world with regulatory agency so they can all start doing business taking advantage with the strong and upward interest of the market with BTC and crypto in general. Who will eventually get the dreamed approval from authorities and be doing brisk business is something worth excited to watch. Will this be good for Bitcoin in particular? It can be yes in terms of short-term advantages but going into the future is something hard to speculate.
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I am sure that by now, crypto enthusiasts and supporters can see be the bright side and the dark side of ETF. In terms of benefits to the market, there is that excitement because of the big possibility for the price of BTC - and even alts - to go to the roof. And this can be good news to many but beyond this euphoria we can soon see the many disadvantages as the market will now be under the strong influence of big financial institutions which Satoshi Nakamoto had been wary about. Anyway, let's just continue watching and even enjoy the ride...take part of the celebratory party without closing our eyes to the things happening behind the scenes.
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I have to admit it myself: I really sucks at trading whether it can be crypto, forex or whatever. I just could not make up my mind to fully grasp the technical analysis needed on this aspect...and I am sure there can be also many people like me who might want to avoid the necessary learning curve and just opt for some shortcuts like copy trading offer or a bot. And those are indeed so risky. One should not adopt the idea that one has just to sleep and let a program works for his advantage as this can be the best and sure way to perdition. Be careful, always.
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In my own view, Bitcoin is all about empowerment and that of course entails a huge area of concern that covers many things. Now, in this process, we are kicking many old habits and entanglements and that is why there will always be resistance coming from different sources - on the top of that is the government as it will slowly lose some control if Bitcoin is allowed to spread like a wildfire. Bitcoin can be representing many ideal dreams and visions and I am hoping that some of them can really be coming true and not be distracted by the force of weak human nature along the way. Good luck, everyone!
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Well, when you are buying something and you expect it to rise in value later then it can be called as an investment. This is very true with real estate but can also be true with anything like art object and yes even luxurious bags and other properties. Now, of course, the same is true with Bitcoin. Now, this is a very basic concept with investing and as a BTC enthusiast it would be good if you can familiarize yourself with the term and the concept.
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I am actually surprised that Electroneum (ETN) is still alive. Well good for them. I guess there is always a resurrection and I am hoping that the people behind it will make sure they know what they are doing and that they can achieve their goals especially to people they promised to. Anyway, there are now far better projects available on the market with more exciting future so if I were you I would be focusing my eyes on them...just my humble suggestion.
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I am really hoping that eventually the application for Bitcoin ETF by Blackrock will be approved by the concerned agency...and that there will be no more excuses so they can delay the said thing. Otherwise, this can be a very good opportunity missed by the USA. We know that right now, SEC is waging a "war" with cryptocurrency players...without even laying down the clarity on regulations first which is to me kinda of absurd. Hopefully, the approval of BTC ETC can open up more possibilities and opportunities for the crypto industry - an industry that is so willing to work with the government and not against it.
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In other words, Bitcoin is a cryptocurrency and is the most famous of them all and maybe considered as the pioneering one in its present form - but not all cryptocurrency is Bitcoin. Just like saying that Paris is a place in France but not all France is Paris. Well, anyway, this is a very basic tenet and people who are into cryptocurrency got it from the very start of their crypto journey and for those people who still don't know it then maybe they are living in the caves.
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Usually, ordinary people like you and me do not have that capacity or the tools at our hand to be making a big, strong and unchangeable decision on matters of cryptocurrency specially Bitcoin. This is the reason why, early people who got into Bitcoin never imagined that one day BTC will be reaching the prices that it got into now. I myself sold my BTC at $3000 but this was to personal needs...but I also lost some due to scam-type Ponzi schemes which adopted BTC as one of their payment schemes. People who received BTC via faucets when Bitcoin was just starting were very lucky but then again many of them sold what they got when the price started to rise up. Well, this is human nature, anyway.
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While there is no question that soon we can see BTC go higher and certainly it is almost "guaranteed" that your portfolio will be increasing in value, it does not mean that alts will not also be expanding and sometimes they can go even better than Bitcoin. As of now, Ethereum is also looking good so I am advising to also get into ETH as much as possible. As someone said in the past and still resonating today: Do not put your EGGS in just one basket. Right now, I am also a user of TrustWallet but am not recommending this to many people as I once lost some tokens in there without me knowing why - and we have more secured and better options already available at your disposal.
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As of now, Bitcoin remains to be an asset that many are holding for speculative purposes...and is finding a hard time competing with the usual fiat money especially in everyday transactions. Now, facing that reality, I think the goal for now is not to really make Bitcoin as the common money but as a solid and exciting alternative...until there can be a massive mainstream adoption. Just like the real/physical gold, I still have to see many people bringing gold to buy anything in the grocery...though BTC is a lot better still people prefer to deal with the more convenient paper money. Making BTC getting accepted globally is a big challenge and we are not yet there.
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This is a good move on the part of Twitter and under Elon Musk who is a big crypto enthusiast am sure this can make the platform go into a higher level. Hopefully, Twitter can make an important breakthrough on this aspect which can open up a huge market for this popular social media outfit. This is going to be a natural progression for Twitter and Elon...and I am looking forward to one day be able to transfer crypto funds within the platform. Good news to millions of Twitter users and to cryptocurrency in general.
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Bitcoin miners or any crypto miners for that matter should always study on how they can utilize all the things at their disposal. Rather than allow the heat to escape into the outside environment, using it for commercial purposes is always a good idea - good for business, as always. This is one way, the industry can deflect the "blame" that many environmentalists or the green movement heaped on Bitcoin mining. And it makes a good story that can always inspire all crypto enthusiasts like you and me.
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In my view, all crypto mixers are always getting a red flag observation by the government most especially coming from USA regulatory bodies. Though there is always a debate on the importance of mixers and how they can also be utilized by non-illegal means, there is no question that when you are hiding something then we can assume that there can be something wrong, that is aside from claim of privacy, of course. Now, I have not used any mixer in the past and I don't I will ever use one. I think Tornado Cash was targeted because of the claims it was heavily used by hackers and scammers and we have to admit it that mixers are accepting business irregardless of the source of funds and they usually do not ask who their customers are.
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