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That was the lousy act perpetrated by the Bitcoin haters, every time there will be an issue or even a simple market correction they are present shouting Bitcoin is dying! But no matter how many times they are going to do that, Bitcoin remains standing and stronger than ever before by achieving a new all-time high record and beating many speculations against Bitcoin. that's why my question is, Is that a sign of dying? that's crazy haters gonna hate let them feel the stress of being a hater. long live Bitcoin.
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I guess it was already cleared by the exchange itself? the Binance.US already said in the statement that the culprit of that incident is an algorithm bug. But besides that clarification, still many are not convinced, even me I smell something fishy about it. that incident was resulting in wide speculation and accusation, on behalf of the Binance.us exchange, they should act now if possible to compensate those traders then they must do it.
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cointelegraph and coindesk are good websites. they always share the latest and credible crypto news. but often news websites like this publish predictions or analysis about the market. they share the analysis they make every week. and on average the analysis they make seems like the market will always be positive.
Seeing all that, I wondered if anyone would believe the analysis shared by news websites. I personally see their analysis as less realistic. every prediction they share is too pushy. such as the shilling effort for a certain coin. so I don't believe it. what about you guys do you have a different opinion?
IMO, Yes I believe that some of those analyses were correct and some are not, Just always remember that there is no perfect analysis in the crypto market that's why we should only use it as a reference, guide, or comparison to do better decisions when it comes investing with our favorite cryptocurrencies whether in a form of Defi, NFT and all legacy cryptocurrencies that currently traded in the market today. |
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IMHO, based on your OP title you are asking which is more suitable for investors, Is it Defi or NFT? my answer is both, You know why because Defi and NFT have shown profitability results that's why it's a good form of investment and it is suitable for investors. let's get real, we are here in the crypto industry to earn money from our investment. Anyway regarding your suggestion about the hybrid concept of Defi+NFT I think it's possible because crypto people are very creative and full of innovation thats why let us wait for that concept to become reality soon.
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I think it is the same as any other form of decentralized wallet/tool application, Everyone (users) is entitled to receive the airdrop as long as you use the platform, and also you are qualified to the prerequisite and requirements needed to receive that so-called airdrop otherwise if you don't qualify you won't receive it. I find it exciting because Im using Metamask way back in the EtherDelta/Forkdelta DEx days.
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Does FTM worth to invest? It’s still with a lower price now. Is it a good time to buy now?
IMO, I think you should do research personally about the project that you want to invest in to know much better about it, It's the basic thing to do, but I guess the fantom coin or FTM is already proved its place in the crypto indsutry so base on my personal opinion its a good and promising coin. just remember to invest only that you can afford to lose. |
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Ethereum looks very Bullish now and likely to hit 4K in few days if Bitcoin remains Bullish. Once Ethereum's major upgrade occurs sometime in late 2021 or early 2022, one simulation estimates that the circulating supply of Ethereum could shrink by around 1.4% each year at current rates of fee burning. Is this the right time to collect eth and wait till upgrade happen?.
I don't think so, with all of the problems in the background and the continuous user/Dapp's developer's exodus, I believe Ethereum has become riskier of dumping, more than before due to many whales that control it now. the monstrous fees on Ethereum Network are the living testament that Ethereum will no longer be the Blockchain of the masses. All of those so-called upgrades are useless. if the masses can't use it because the fees are so expensive. and that's my opinion about it. |
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There are 3 options to profit in the cryptocurrency industry. according to my version like this:
- Trading: It is called a way to get more money by trading cryptos, either by transferring between them or by providing exchange services.
- Investment: There are many cryptocurrencies with a good future, but I only recommend Bitcoin and Ethereum.
- Gambling: sometimes beneficial and sometimes detrimental. I don't recommend it at all (risk high)
Don't invest yet until you're able to understand the whole concept of cryptocurrencies and how volatile this market is.
There is a process before you can do that, however, you can start by buying bitcoin with around the smallest amount that you can test to see how it feels like owning it but you won't feel the fluctuations since it's just a small amount.
IMO, of all the three ways that you mention, I believe trading and investing are better because the risk can be minimized by choosing the right platform to invest your asset, while when it comes to gambling I disagree with it because I believe gambling can bring more harm than good. and of course, it was very addictive thats why can put your life into misery and problems. |
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Thats was a brave action, Bitcoin SV has very silent nowadays now I know there was an internal struggle in the BSV, But at least they have the guts to admit it, the question is what will happen to the BSV now? are they die in vain or it will be continued to exist as a bitcoin fork just like others, currently traded at $167 against the $US dollar and with the marketcap of $3.15 Billion I think that was still big.
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I just saw this topic "What problems in Bitcoin's infrastructure prevent it from being adopted more easily?". All the answers were really interesting, mentioning the lack of regulation, volatility, ignorance, etc.
My question is: How can these problems be solved? And is it ever possible, what do you think?
In my opinion, regulation, practicality, and stability are definitely required for the mass adoption of crypto as a payment method/currency.
What are your opinions on this?
IMHO, I think for that to happen, it needs a true and user-friendly regulation second is the system must be simplified in order to attract many possible users unlike now that sending and paying Bitcoin and other cryptocurrencies is still in a complicated form using those unfamiliar complex addresses and third is the transaction fees. it must be affordable because nowadays it's too much expensive that ordinary users can't bear it. |
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Regulatory issues for cryptocurrency have actually been around for a long time. In fact, it was several years ago. But it seems, in the past year or so, it has become a serious topic of discussion in several countries. And it seems, some countries will soon implement it. What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized? What do your friends think here? Please share, hopefully this can add insight for all of us 😊🙏
Yes, it is, actually in my country, the government is starting a framework for regulation and enforcement to all crypto-related businesses, But even before the regulation is implemented my country is already crypto-friendly, in fact, the government has designated an ecozone just for them and currently hosted some 26 crypto-related companies. IMO, the decentralized function was not fit in the government because the Government functions as a centralized authority so if the regulation will be implemented I am sure some of the decentralized functions will be compromised. |
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IMO, I think the real profit is only applied when Tesla Bitcoin holdings were already sold or liquidated, but until it's not been liquidated or sold yet it's not considered as profit, anyway, that amount is huge if tesla bitcoin holdings were already sold then it is a clear profit and it would be added to their reserve funds and can be used anytime for the company.
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Hi everyone,
I'm new to crypto investments and I need your help.
I have IDeX tokens on my trustwallet I would like to convert to other currency or stablecoin but I don't find any way to do it. Basically if I I go to the swap section, IDeX is not an option.
Anybody can help me?
Thanks!
You did not mention what kind of IDEX token you have is it an ERC20 or BEP20, if it is an ERC20 I think you can trade it on many exchanges including Binance, and if it is a BEP20 token just check on Pancakeswap if it was listed because its an old token but in Trust wallet itself I don't see any option there to trade via the App so you better send it to Binance and there you can trade. |
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Hi, do you expect big changes after eth 2.0. come, when will that happen?
I don't believe it will happen, Eth expensive transaction fees will remain a burden for its remaining users soon it will be felt by the network because many Ethereum users/developers are already leaving the network that's why I believe that there is no change will happen on Ethereum even if the Full implementation of Eth 2.0 will be finish. if you still using Eth you must endure that monstrous fee in order to sent and ERC20 tokens to exchange and other wallets. |
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What prospects do you think the CAKE coin has? It's worth $20 now and used to be $40 (ATH). This DEFI token is for trading and stacking. I plan to hold it (and stake it as well) and sell it for $50. What do you think is a good idea?
I guess that's highly possible, Cake was a Defi Token on the worlds third-largest decentralized exchange DEX which is the PancakeSwap, and with the trend of ever-increasing migration into the BSC network due to the expensive transaction cost of Ethereum Network, I believe it will be a catalyst of growth to drive the cake token price at that level. |
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IMO, That data is telling us that Russia is not hostile against Bitcoin, unlike those written in the articles and portrayed Russia as anti-Bitcoin, imagine rank third in a global Bitcoin mining operation that's something to be proud of. unlike China which is very hostile against Bitcoin and cryptocurrency in general which is I believe a backward policy, while the US is on top of the ladder that's why Im very confident that cryptocurrency operation in the US will remain safe and sound in the years to come.
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I love this sub. But I feel it lacks information when a certain crypto is booming or plunging. Why is it no one comments their thought real time.
I think there is, but you didn't manage to read all of them, its too many topics in this sub, that's why im pretty sure you missed most of them, anyway about crypto, As we have seen nowadays crypto is booming and it has no sign of plunging as far as the market data is concerned this crypto expansion will continue beyond 2021. |
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In my country Someone bought a BMW Car by scamming in crypto transections and Police arrested him and told that the guy was a cheater and he was a crypto scammer.And this case is now the most viral topic.This incident shocked the whole country and also the Central bank authority about how he got this huge money and this incident put a bad impact in crypto.
I think Digital Currency like Crypto isn't getting much popularity because of these Scammers.They are one of the most strong reason why Government's aren't showing interest on Crypto Transections.
I guess that was only an isolated incident, and part of the problem in the society it's not portrayed Bitcoin as a dangerous asset because scammers are using everything that has value, and they don't care about it whether its gold, fiat, and even cryptocurrency so Bitcoin was not spare on any scamming activity all that has a value is prone to any form of scamming abuse. |
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40% of all Bitcoins are owned by just 1000 individuals.
This gives them a disproportionate amount of control over the market as they are able to dump them at anytime.
This is not to mention the high proportion of bitcoins held by miners and exchanges, who may have perverse incentives to ensure that as many people buy up bitcoin as possible and hold it for long enough for the price to rise.
Is there any way to deal with the high degree of centralisation that Bitcoin has?
IMHO, I guess those so-called 1000 individuals who own the 40 percent of Bitcoin total supply are already rich and don't want to dump or sell their Bitcoin holdings, that's why the price of BTC is on the rise and if those whales want to liquidate their asset I believe they will not dump it at once and if that happens the market is ready for them. |
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Cryptocurrency is essential for the development of a country?
Does cryptocurrency play an effective role in the development of the country? Or does it hinder the development of the country and cause extreme damage to the country?
What do you think about this?
I think it is not essential but it gives an opportunity to any country that adopts it because its a product of technological innovation as we all know that we are living on edge of the technological revolution that's why we need to try something new especially in the financial sector because our dilapidated financial infrastructure has already obsolete and I think cryptocurrency will be one of the best choices to complement of our existing financial services. |
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