How can this privacy coin become a thing when it's only listed on a handful of centralized exchanges. It's also weird that the top volume in the last 24 hours is coming from a CEXs with the lowest ratings. The trading volume could be fake. Who knows if it will be one of the privacy coins that will be resurrected.
The more exchanges de-list the coin, the lower mainstream exposure it will have. I guess that's the case with GRIN and other privacy coins. Monero may be the most popular privacy coin on the market, but it's also suffering from reduced liquidity/mainstream adoption because of CEXs' decisions. We can blame mainstream governments for this. Slowly but surely, GRIN's popularity will fade away until it becomes history. A pity, because this coin had an innovative approach to privacy. It would've made a great XMR competitor in the long run. BEAM is also in the same boat. With privacy coins being a rarity these days, it's likely Monero will be the only one that will survive in the future. I'm yet to see whenever GRIN can be traded for another coin at a DEX or P2P exchange. It's virtually a "ghost". At least, the code is open source. Maybe someone else will "resurrect" it?  |
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I guess $1 is the standard among all the centralized exchanges for placing minimum purchase orders because I have checked a few like Kraken, crypto.com, bybit, and coinbase so that is actually the minimum amount you can buy irrespective of the crypto unless you do f2f trade.
By "f2f trade" do you mean "P2P trade"? It's true that there are no centralized exchanges with a minimum order of less than $1. It could be a result of high network fees from most popular cryptocurrencies. Coins with dirt-cheap fees like XRP and SOL can be traded for less than a dollar, though. It would've been great to invest in these coins with spare money just like you would do with stocks. Maybe someday, right?  I think Gate.io allows for buys from 1$ and above. I have bought some tokens in there for about that price.
I was actually shocked to know that I could buy a token for a dollar, I thought the minimum buy is $10 just as binance makes it seem but I later realised that other exchangers allows for less than that but I only know about gate.io for buys from $1
It's just like Coinbase, and Kraken. They have a minimum buy order of $1. Nothing less than that. A pity, because this would've allowed us to make microinvestments for long-term profits. Sort of like how it's done with penny stocks these days. Maybe high network fees have something to do with this?  |
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Payments have been processed by me this round, they should be on your account as usual.
Received. Welcome back, Lutpin! So glad to read from you again. Best of luck to you and the rest of the Crypto.Games team.  |
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I know staking and LP are quite cool ways to earn good money from pools and project transactions but the way projects use people as exit liquidity these days scares me a whole lot. While trying to make more, you have to also consider your financial security so you don't fall victim.
Apart from the vulnerabilities of smart contracts, it is very important to know what projects you're creating an LP for and also keep tabs on them as you can't tell what might go wrong mid way. Nothing is guararnteed these days anymore
That's certainly true, mate. One needs to be aware of the risks involved with staking before proceeding. Usually, "meme" coins/tokens are the ones with the highest risk. I wouldn't "stake" them at a liquidity pool because you'll never know when prices will go all the way down the drain in an instant. Stablecoins, in my opinion, are a much safer bet. They've retained their peg for a very long time. Especially those backed by real USD reserves. You can earn more money this way than a tradional bank savings account. Hopefully, Uniswap remains resilient against hacks for complete peace of mind. As long as it doesn't turn completely centralized, there should be nothing to worry about.  |
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Government cracked down only those mixers who catched for black money support lik one start from C and other from S while all other mixer are working fine and have not faced any issue from government. Decentralization doesn't mean that we will support bad people/bad operation. Tell me If some one hack your wallet and government catch it and punish it, whom you will support?
I'd support the government only if it catches the criminals. But when it goes too far (violating privacy rights, promoting censorship), that's when we need to find alternatives that put decentralization/censorship-resistance/privacy above all else. It's all about making the system neutral (eliminating the middleman) for a greater good. How will dex banned when they are fully anonymous? Have btc banned despite of huge efforts from world? In my country crypto is fully banned but it's doesn't affected single person and we are doing all crypto operation buying/selling, holding without any problem. DEX will not be banned as longer as team are fully anonymous.
Of course not. If developers of the DEX are anonymous, there's no way governments will be able to enforce the rule of law. Unfortunately, most developers reveal their identities to help bring the confidence of mainstream investors. They claim their project will be tagged as a "scam" if no one knows who they really are (anonymous). Seriously? Does this mean we should call Bitcoin a "scam" because of its unknown creator (Satoshi Nakamoto)? Absolutely not. I guess truly-decentralized exchanges will remain a "niche" only used by those who actually care about privacy and freedom. They are quite small compared to their centralized counterparts. We can only guess the industry will become more centralized in the future. Nothing is set in stone yet, so lets hope for the best. |
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Ever since Ethereum (ETH) switched to Proof of Stake, miners have scattered across equivalent blockchain networks using the good-old PoW algorithm. Ethereum Classic (ETC) is one of those networks that's often considered as the "original version of Ethereum". But there's a new "kid" in town that has recently surged in popularity. This new "kid" called "Kaspa" is as close to Bitcoin as possible in PoW dynamics. It's like having the "goodness" of both Bitcoin and Ethereum on one chain. What do you think about Kaspa? Will it surpass ETC in hashrate? It is a better alternative than the real ETH? Or all the other way around? Is Kaspa's "rise to glory" nothing more than hype? Your input would be greatly appreciated. Thanks. |
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It's been quite a long time since the first cryptocurrency with the "Mimblewimble" privacy technique was released. My first days of using GRIN were quite troublesome due to its added complexity. But it's a great coin to use for privacy-oriented transactions once you get the hang of it. Somehow, GRIN became a forgotten cryptocurrency as all of the attention shifted back to Monero. Was this a result of poor marketing/promotion efforts? Or a lack of user experience? I'm wondering if this coin still has a future, especially when privacy on crypto has been frowned upon by mainstream governments. Do you think it can be good long-term investment like Monero? Or is it a complete bust? Your input would be greatly appreciated. Thank you very much. |
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Is there an exchange or service where I can buy crypto with less than $1? As far as I know, Coinbase is the only exchange with a minimum purchase of $1. But I'd like to spend cents on inexpensive cryptocurrencies such as Dogecoin and Shiba Inu for DCA. Is this possible? Please let me know where I can do this. Your input would be greatly appreciated. Thanks in advance. |
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Same here, because the two coins are always available on so many exchanges and wallets that I use. But if in case Tron USDT or simply Tron is available, I will also choose it. My other alternatives would be XRP and Matic. It is sad that many of us small users are rarely using ETH.
We already know why. But before, ETH is is mostly our alternative next to Bitcoin. The only thing that we can do right now is to reminisce those times. We can only hope that there will be a fixed that will happen in ETH and maybe in BTC too since there are ordinals which may be the reason on why the transaction fees are getting costly and I'm afraid it will remain like this if no actions were taken.
ETH was good until it became plagued by NFTs and worthless "meme" coins. Bitcoin is heading to the same path with Ordinals inscriptions. You'd have to choose an unpopular blockchain like Litecoin or TRON if you're eager to save money on fees. I'd say LTC is the most decentralized and cost-effective alternative compared to the rest of the pack. It's widely accepted across a number of merchants/businesses worldwide. Hopefully, Bitcoin Core developers would solve the "high fee" problem before it gets too late. As I've said before, the Lightning Network is not a solution to all of Bitcoin's problems. It's highly-dependent on the main chain to survive (you'd need to pay an on-chain fee to open/close channels). On-chain scaling is the only way to go. It must be done in a balanced manner to avoid sacrificing decentralization in the long run. Who knows what the future holds for the entire crypto/Blockchain industry? |
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Another drama before Bitcoin halving? Seems like it. I don't care about what other people say about Bitcoin, I have seen the history and I believe in Bitcoin. That's all it takes. People will keep spreading FUD. But that did not stop Bitcoin in the past and it will not be able to do in the future.
Keep believing in what you believe. People like him will come and go, but Bitcoin is here to stay and it will stay for sure. Those weak-hearted hodlers will sell and give us an opportunity to buy more Bitcoin at a low price. Think of this as an opportunity for us. In the end they are the losers. Because they can't do shit with their FUDs.
Criminal activities have been happening from who knows what time and Bitcoin is not the reason for it. People have been doing criminal activities with money gold and other assets. But they are not bad. Why the double standards? Because Bitcoin pose a threat to people who have been using those and they do not like competition.
Well said. It's nothing but pure FUD to drive away as much people from Bitcoin as possible. Jamie and other bankers and government officials know Bitcoin won't be going anywhere due to the way it was designed. You wouldn't expect them to endorse the cryptocurrency, especially when it goes against Fiat's principles. Would you? Eventually, these critics will get tired as Bitcoin becomes more popular. Regulations will become stricter each day, but BTC will be alive and running as usual. With how things have been progressing since day one, it's likely Bitcoin will live alongside Fiat for generations. Maybe it will go as far as replacing it in the future? |
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If people are getting some kind of advantages from decentralized exchanges, they will surely come up with something if the government tries to ban the process. Look at Bitcoin. It is not being operated by a single person but by many people across the whole world. What if we can make something similar for decentralized exchanges.
Not being operated by single entity, instead people all over the world will have some kind of connection in order to keep it alive so that no law enforcement can track it down to its core and stop it or destroy it.
I don't know if that is possible but after seeing Bitcoin technology, I think people will be able to make something like this in the future for sure which will ensure no interference from the law enforcement. So that people will have full access to their assets and their privacy.
DEXs are already based on Peer-to-Peer technology. Why do you think most of them have code executed on a Blockchain network (smart contracts)? But if you're talking about hosting the interface on a P2P network such as IPFS or Zeronet, that's another subject. The only DEXes that are truly-decentralized would be Bisq and Block DX. They can only be accessed by downloading and installing the software on your PC. For advanced users, it's possible to access Uniswap by directly interacting with the smart contracts through a CLI. Governments usually come up with new tactics to try to prevent decentralized tech from gaining traction. The community must remaim vigilant by supporting decentralization/censorship-resistance whenever possible. Who knows what will happen in the future?  |
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Good, it's insane what these ordinals are doing to the bitcoin network. I was never really a fan of the idea of adding something like this to bitcoin. I always thought that smart contracts were better suited for smart contract coins like Ethereum, for example. Perhaps in the future when bitcoin scales better, or they open up another layer or whatever, then it could be a positive, but right now I see it as a much bigger negative than positive.
Bitcoin should stick only to financial applications (money transfers). Otherwise, it would add more burden to the blockchain than necessary. Why were altcoins invented? To take off the load from the main Bitcoin blockchain. It's the reason why BTC can't be the only cryptocurrency to handle everything it's thrown at. Smart contract platforms such as Ethereum and Solana are better suited as multi-purpose chains due to the way they were designed. It's no wonder why they're the King of "De-Fi" and NFTs. Ordinals inscriptions should move to these chains to make Bitcoin great again. Lets see what the community decides in the long run. As long as decisions are made with decentralization in mind, nothing else matters. Just my opinion |
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For me, Solana has already proven it before, during the peak we saw drastically how Solana handled a lot of transactions.
What only downside of Solana especially before is the down time of it, one of the reasons why it was down before I think was because of the bots? I'm not sure. But for sure it is already fixed now.
Only time will tell us if Solana will be able to handle large TPS without downtime. Decentralization is a must for the network to survive a long time. And that is something the project is lacking. At least, Solana isn't as centralized as XRP is. The latter is the "banker's coin" prone to manipulation and corruption. Just like Fiat. With the way it was designed, XRP might replace the SWIFT system in the future. I'd have to deliver as promised if it wants to reach the whole world, though. The network must handle large TPS without an increase in fees or wait times. I wonder which Blockchain will prevail in achieving widespread adoption worldwide? |
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Discussions around Bitcoin’s ETF approval have been intensified for a long time now and most likely, we will get positive news about it in early January any day now. Yaay. In case of a positive outcome, a Bitcoin ETF approval will possibly result in a much bigger spike than many people are expecting, in my opinion. Right now, mostly Bitcoin holders or financial wallstreet experts are aware of what’s coming. Many regular investment people still don’t really know about / have heard much of an upcoming Bitcoin EFT but will know and read more about it, once news are out and advertising really starts. BlackRock and Co. are really big players and advertising Bitcoin, a truly scarce asset, might result in an unbelievably big Bitcoin price spike (sorry for too much FOMO, I could not resist ). Compared to what might come, we are still in relatively calm waters. Of course, a rejection could result in a very big dump due to insurmountable disappointment as well. As always: no investement advice because trading is very risky. Interesting and volatile days ahead! The ETF approval would be a great way to lead Bitcoin towards higher market prices. But this will make the cryptocurrency less decentralized as the supply will be concentrated in the hands of a few big industry players. Is this what the community wants? Bitcoin was created as an anti-thesis of the existing monetary system. It must keep bankers and governments away from it as possible. Not embrace them with open arms. By letting "Wall Street" enter Bitcoin, we are letting banks win. Hate to break it to you guys, but I'd prefer spot ETFs to be denied by the SEC for the sake of decentralization/censorship-resistance. BTC used to reach a new ATH way before ETFs crossed the minds of many. So why insist on getting them approved? These are crazy times we're living into. The future can't be predicted, so lets hope for the best. |
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Personally I consider Monero as pure P2P money and I am very happy that Binance will delist XMR. Seriously, I think where Bitcoin fails, Monero jumps in and reminds me why I bought Bitcoin in the first place. Well, now I hold both, but Monero serves my original purpose much better.
I think it's not too late though for Bitcoin. I don't want to derail the conversation but I believe that instead of killing ordinals, we should focus on running more nodes and more miners. It is sad because a bitcoin node requires minimal hardware to work and people rely on other nodes. At the same time, people use exchanges as you said. I think we must focus now on expanding the network horizontally. When that happens, we can consider more changes, but for now, I believe more devices should be running. It will not solve the problem, but it will definetely follow the original purpose of Bitcoin in a meaningful way.
Agree. Monero is more decentralized than Bitcoin now, probably because it's not driven by VCs own interests. While a spot Bitcoin ETF is good for investors, it will do more harm than good for BTC's decentralization. Ordinals are hated by users simply because they raise on-chain fees. The wealthy, however, love Ordinals because it makes them a lot of money in the process. Elon Musk and Michael Saylor are both avid supporters of Ordinals inscriptions. Is Bitcoin meant to be a system for VCs and institutional investors? Or a currency by the people, for the people? It seems to me things are heading into the wrong direction for the premier cryptocurrency project. Long gone are the ideals of true decentralization and censorship-resistance. You can see why Monero is disliked by many (governments, banks, exchanges). BTC has entered uncharted waters, so expect the unexpected. |
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Over time? I've been around the tech industry for over 30 years, and... 10 years is a LOT of time. I went from a 19.2k modem to a 10mb cable connection in about two years and never looked back.
And recall that the Internet wasn't a new technology trying to displace an existing technology that was a thousand times faster and cheaper--it was quite the opposite.
No, in my opinion crypto will always remain way to speculate on memes and nothing else. NOT that there's anything wrong with that!
I believe Blockchain development is much more complicated than the Internet itself. The reason it's taking a longer time than usual is because of the speculators. Money/greed has prevented crypto from achieving its full potential. If this keeps up, Blockchain tech won't be going anywhere. I really hope developers put their attention on what matters most for the good of the industry. Maybe there's "light at the end of the tunnel"? Bitcoin has gone this far since its inception, so I'm confident it will deliver as promised in the long run. With low fees and reduced wait times, BTC might become the currency of the world. As long as it stays decentralized, there should be nothing to worry about. |
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Yeah, you get to earn, but the profits are usually sweet when you are in early and the APY is still high. As soon as more people join in, the percentage goes down. The disadvantage is mostly about impermanent damage and maybe if there is a vulnerability in the smart contract or rug pulling. You know the latter also sometimes happens, so you have to be careful.
Same thing with MEV bots, they were so profitable before until it became public knowledge that they were profitable and there was a gold rush. Currently, if you are an average user who doesn't know how to create a bot, it's not worth it. If someone is selling you the bot, why are they selling you the bot instead of earning from it?
Thanks for your suggestion. I've always wanted to try arbitrage trading with an MEV bot, but I'm afraid high gas fees "kills it". It could work on other EVM chains with lower fees, though. The easiest route would be to "stake" your tokens in a liquidity pool. We'd have to consider the risk of "impermanent loss" before going all in with our hard-earned money. I'm yet to see whenever it's more profitable to use an MEV bot, or a liquidity pool. Staking ETH at a staking pool is another option. As long as market prices don't take a "dip", there should be nothing to worry about. |
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I hate to admit it but that's it. A country that has no benefit over a service that runs on their jurisdiction will have no doubt will ban a service like a dex.
They can ban it so that their citizens won't use it but they can't close or stop its operation. They just can simply ban the website from the IP of theirs.
It is also happening in centralized exchanges where countries are banning the likes of Binance because they are unregistered.
Only if the domain is hosted on a centralized service. After all, ICANN controls all common TLDs (.com, .net, .org, etc). What the government can't censor are decentralized domains. I'm talking about those running on blockchain networks such as Namecoin and Ethereum. A frontend interface for Uniswap hosted on a decentralized CDN or P2P network with a decentralized domain name would surely do the trick. I've seen Uniswap's code hosted on IPFS, so anything's possible. Most developers are afraid of the government, so they will try to avoid getting involved in the development of a truly-decentralized and censorship-resistant crypto exchange. Those that do will have their identity hidden from the general public (anonymous). It's hard to find someone who cares about anonymity/privacy these days. We should expect centralized exchanges to continue dominating the industry for long. The future can't be predicted, so lets hope for the best. |
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After 12 years and billions of dollars poured into crypto, I think it might be time to give up on the "technology will solve itself" idea. Blockchain has serious and arguably insurmountable hurdles to achieving the kind of scale that would make it viable for a real currency system.
Crypto works just fine as a store of value, but it's not suitable as a real currency in the way people use fiat currencies.
As for "decentralized", well, almost all holders of crypto, numerically at least, use some kind of institution e.g. CoinBase or the like who operate basically just like a bank, so I don't think centralized/decentralized really matters to anybody, at least in the real world.
For now. We all know every new technology is bound to improve over time. The Internet had a similar situation in the early days where it couldn't scale to the world. It was not until various protocols/layers were developed (TCP/IP, HTTP, etc) to help solve the problem. I think the same will happen with Blockchain tech in the long run. It will scale via L2 networks (off-chain) and sidechains. This will allow crypto to reach a wider audience. All without sacrificing decentralization/censorship-resistance. Until that happens, we'd have no choice but to leave our coins to a custodian (centralized exchange or wallet provider). That's only if we want to save money on fees. Hopefully, self-custody will be the norm once things go back to normal. |
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My understanding about the hype is because of the airdrops, the phone that has 300 BONKS in it, and Gameshift. Another reason may be FTX exchange is pumping the coin behind the back as they still hold a good amount of SOL. There can be many reasons behind such a pump, but those investors who have held SOL during its bad days are now the ones who are enjoying the good days.
Yes. It's all about the "free money". Whales are manipulating this coin real hard for their own benefit. The "dump" could be bigger than the "pump" once the hype ends. Unless FTX makes a comeback and Solana gets a spot ETF approved by the SEC, I don't see it going anywhere soon. Only a prolonged bullish market driven by BTC, will allow SOL to retain high prices for long. It's still far below its ATH of nearly $200 per coin. I'd proceed with caution to avoid losing it all in an instant. The future can't be predicted, so lets hope for the best. Just my thoughts |
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