Funds will drive!!!!

Are you sure?? Lol!

Usually ETFs do not hold the actual asset, it is just dependent on the price of the asset. Obviously exception is there.

Do you know if these Bitcoin ETFs will be backed by real bitcoins? If yes, then funds will drive and we will move towards further centralisation. If not, no funds will drive into crypto market.

This is an authentic news. However it is a temporary pause and not a complete shut down of the service. The cryptocurrency in UK is unregulated, I believe they have hit a roadblock there. But that might not be entirely true. Let's wait and watch!

However, I do not see a reason for a price dump due to this reason. Paypal doesn't control a huge volume of transactions in crypto market. So I also disagree to the statement which says bitcoin will not hit 40k again.

SEC might not be going after the stablecoins now, but that doesn't mean they won't ever. I am sure SEC will go after the stablecoins when they are done with decentralised coins. The current ignorance of SEC should not be considered for future planning.

Also stablecoins are usually launched by a centralized business. So it is always easier to catch and control them. The real challenge for SEC is to get hold of decentralised coins. Once they will get fed up, they will run after easy catches.

If bitcoin is centralized and others are not, then all other cryptos will thrive. The basic benefit of using the Bitcoin is its decentralization. If it becomes centralized and manipulative like any other fiat currency, then the community will move to another coin leaving Bitcoin behind. But that doesn't mean that Bitcoin wouldn't survive. because we have centralized cryptos in the market and people are using them. But majority of the support will be gone and they will find a new decentralized cryptocurrency to use.

Bitcoin is best in its raw form. Any drastic modification might lead to a disaster.

So what you are proposing is complete centralisation of bitcoin! Also human hardware ID means something similar to a shitcoin called worldcoin where people a scanning their balls (eyeballs) to get free money!

Also if every user gets a cut of the network fees, then what will be the benefit of mining bitcoin?

You can surely create a forked version of Bitcoin and implement your idea. No one is stopping you!

I am sure you are referring to their recent move to create a new stablecoin. It's just a survival strategy of PayPal. After the wide acceptance of cryptocurrencies, the requirement for PayPal as a payment processor has gone down drastically. So they are also trying to join the crypto bandwagon to save and reduce cost. So if that is their goal, I don't see a need of using either ETH or Tron blockchain. Rather, they need to move to create their own blockchain to support the volume.

Some members said that Tron is not decentralized and blah blah blah. That's fine! Because Paypal is not decentralized either. They are trying to use a blockchain service to reduce their cross-border money transfer cost. Tron serves that need quite well, for now!

Just a simple question - how do you propose to make it happen?

By creating a shitcoin?

I won't go to the debate whether BlackRock is the first or fourth branch of the government but BlackRock is indeed the biggest asset management company of the world. They manage a volume of approximately 9 trillion usd. So with this kind of money under the belt, when a company decides to join the crypto bandwagon, it's risky as hell.

With this kind of money, they definitely hold a very strong position to manipulate or even destroy the entire crypto ecosystem. A decentralised network scattered across the world might not have the power to fight these mercenaries. If they decide to do bad to the bitcoin network, they can achieve their goal.

Like many other, I will also go ahead with "staking" when it comes to passive income from cryptocurrency. There are multiple staking coins available in the market so do your own research before choosing your portfolio. Personally, I only prefer ETH as I am not much interested about shit coins. There are multiple pools available where you can stake your ETH and earn a passive income. However the return is quite low but when it's a passive income, you can't complain about it.

I am not sure how true is that data but let's assume the data is true. I am delighted to see this because in the world of business there should always be a balance in economic power. Otherwise one nation will become extremely powerful and will start ruling others by creating monopoly. US has tried to do the same since many decades. The main brain behind the Russia and Ukraine war is US. So it's encouraging to see that despite all odds, Europe is showing growth.

The US dominance must end and Euro should emerge as the a competitor for USD. This is only possible if internal market grows. So it's a good sign.

It's not a big deal at all. ETF is a method of making money out of thin air unless that is backer by actual asset. Anyone can sell ETF with SEC's approval, but unless that ETF is actually buying bitcoins as a reserve, it doesn't and shouldn't matter to the crypto community. It might take future investors away from actual Bitcoin.

Lol! Not sure why people are so bullish about an ETF but it doesn't bring any real value on the table. It's just a method of investment that mimics the price of an asset without buying or selling that asset. So I don't see any positive impact or liquidity inflow in the crypto market due to ETF approval.

The only positive thing here is that some more people might get intrigued about Bitcoin and start learning about it.

I strongly believe that SEC will eventually approve bitcoin ETF. It may not happen today or tomorrow but surely in the future. The way SEC and FBI is moving against the actual Bitcoin and other cryptos, they will have to make some alternatives available in the market before banning the actual assets. ETFs are usually not settled physically so they will eliminate the crypto risk from the economy and also provide an option for the investors to enjoy the price changes of Bitcoin.

Both are different and should not be compared. Cryptos have higher risk so the reward should be higher. The risk with banks is lower so it will give lower return. But the structure of both investments are different.

Trading of any kind is gambling and it comes with a huge risk. Daily profit is possible in both cases but that's not guaranteed. So  let's not compare these two very different investment choices. But cryptos have the power to make someone rich or bankrupt overnight.

Yes! That's a huge risk and I am 100% sure that they are indeed harvesting your data in the background. Data is a comodity nowadays and sells in the market against a huge amount of cost. Everything was going well for them until they decide on their KYC policy which alerted a lot of people.

It's best to delete the app from your mobile phone. It's just a wastage of time and hope. Upto no good!

This is exactly what happens when you buy shitcoins. I personally hold $2 millions worth of shitcoins and can't sell it anymore. I accumulated them during 2017 ICO hype and lost every bit of it. Since I have experienced this personally, I do not advise anyone to buy shitcoins or memecoins anymore. All the best with attempt to sell it. This coin has no liquidity it seems. So I am sure that you wouldn't be able to sell them. But good luck to you.

Officially they are indeed not trying to control the market. But these institutions are sitting on a pile of reserve cash, so if they want, they can surely be in a position to control the market. That's my biggest fear. Big cash rich corporates can indeed buy a huge amount of bitcoins from the market and use that bitcoins to manipulate the market. Corporate games are dirtier than we can think of.

Couple of weeks back, I saw a news that a small country called Bhutan is setting up a Bitcoin mining firm. So countries have started taking part in the game and it's not good.

Memecoins can only create a group off fools in long run. Memecoins are literally very similar to the ponzi or "get rich quick" type of scams and nothing else. 99.99% of the memecoins do not bring any value to the table apart from helping some people to become rich.

Whatever we are seeing in Doge today, is because of the backing they have received from Elon. Otherwise, it's no good and its creator didn't believe in the coin so he sold his holdings and bought himself a Honda car.

Please share the transaction hash or explorer link so that we can check what has gone wrong. It's usually not the case.

Another possibility is that the sender of 1000 USD did not 0ay the required network fees that why it wasn't confirmed. But you should see that transactions in the block explorer.

Let's face the reality - Bitcoin is not for everyone! It requires a certain amount of technical or computing knowledge before anyone can begin using bitcoin. The world of centralized wallets and exchanges are built on this exact inconvenience. So Bitcoin is not for everyone in its rawest form. Regardless of whether people accept it or not.

Bitcoin needs a learning period before anyone can begin using it with ease. In my opinion, Bitcoin has become an investment asset more than a currency system and it's very inconvenient to use for the nubes.