Even if that's true, bitcoin would still be my pick, the uncertainty might be anxiety inducing but let me tell you this though, it's definitely something that's worth more than gold and the value you'd get in 5 years with bitcoin comparing that to gold is probably big. It might just be me but I believe that if stability is the reason for you to invest in gold or any stable investment out there, you're probably making the wrong decisions that would lead you to do things that's a bit mediocre when you could've done better. I do agree though that we don't have enough for the convincing part but I think that it's not really our business to do that, it will eventually happen and when it does, those people that weren't convinced early would be regretting that they've doubted bitcoin, let's just revel in their misery of missing out for too long because they were ignorant.
Each person has their own beliefs, and it is clear that gold has had a very good reputation for thousands of years. It is recognized, owned, accumulated, and traded by hundreds of countries around the world. I also believe that at the present time, BTC is still too young to be compared to gold in terms of value in the economy. However, what we are seeing is a shift of many traditional investors to BTC. Young people also love BTC and they are the ones who will inherit their parents' wealth in a few decades. At that time, BTC may have matured when it is more widely accepted in the investment field. Currently, gold is still the best reserve asset because its value is stable and increases gradually over time, and BTC is a more attractive investment asset due to its very large growth margin. I believe that although many investors still choose gold, they cannot ignore the profits that BTC can bring. |
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Governments are definitely going to try everything they have on their arsenal in order to keep delaying the adoption of cryptocurrencies, but as long as all of the reasons why this market was created keep on existing, then their attempts to fully control it will fail, as now that I know about the existence of bitcoin, I have no incentive at all to save my money on fiat form, since I know very well that if I did that the purchasing power of my savings will keep on decreasing.
We understand the power and intentions of the government, we know that the government always wants to protect their own fiat because sometimes it is also really necessary. But we also need to protect the value of our labor, fiat is depreciating against goods and crypto, we are forced to choose crypto or a few other assets to not be left behind in the never-ending wave of inflation. I hope that governments will take the time to go to crypto forums to understand the aspirations of the people and crypto investors, they will see that we are willing to pay reasonable taxes, they will see that crypto can actually bring huge benefits to the country. But I wouldn't be surprised if many countries decide to block crypto forum links.  |
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Don't think too much about the unfriendliness of using hardware wallets, they are made for higher security and are not concerned with visual appearance alone. and not just about security in the Trustwallet application but the security of the device you use. it will be vulnerable if exposed to malware and you should know that any device can be hacked in ways that you haven't thought of, so you need to be alert about that. Setting aside a small profit for an HW that doesn't even reach $100 is a good idea to do if you care about the assets you hold.
I also understand the value of hardware wallets, but to be honest, at this time, part of my assets are still on CEXs in the Simple Earn and Staking programs, the rest are on TrustWallet to participate in DEXs. At the same time, I also want to take advantage of every USD to buy BTC every week, so hardware wallets are still one of the goals that I have not yet targeted at this time. For now, I still trust TrustWallet on my iPhone, I also only use this old iPhone to install and use TrustWallet, which makes me feel quite safe. |
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I believe that it's good because more and more people get in, and more and more dollars go into the market as well. That's a very important thing because it means that the market is growing and the amount of USDT we have in the market is not enough for it. Or it could also be a bad thing because not enough of it is being sold, meaning that people are in the market and they are holding USDT instead of holding BTC, and that means that people want to stay in fiat and not in crypto too.
But, looking at the situation that would make sense to me in the end, we should be considering the situation a little bit more careful and we could make it a lot better with time. I hope that everyone could get to a level where we can be like this.
I think USDT cap only has meaning related to the flow of money in or out of the crypto market, not related to the demand to buy or sell crypto. The buying and selling of crypto-stable coins is seen as a swap activity between two people, the total amount of crypto and stable coins does not change, only the price of crypto will change according to market demand. Money flow into the market can go through many channels like OTC or P2P but stable coin is still one of the most important and popular channels, and it can be easily tracked. Currently, although the market is sideways, USDT continues to be minted, I continue to believe and be greedy instead of being afraid! |
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Those who often judge the success of others are lucky, it's simply that those people are jealous and envious, nothing more, nothing less. Frankly, no one has the kindness to praise or be happy when someone is richer than them, that is human nature. Maybe they will congratulate us in front of us, but they will certainly badmouth us, say that we are lucky behind our backs, they will never admit that we are better than them.
Just like me, I have made a lot of money from investing in bitcoin, my parents are the only people who are happy for me and proud of me, the rest are like relatives and neighbors... were all jealous and said I was working illegally to make money, LOL. If that isn't jealousy and envy then what is it? But I never care about what they say, because the people I need to care about are my parents, wife and children, not them, I live for me and my family, not for them.
I believe that we are only responsible for our family and our investment, we don't need to care about negative comments from others. We can even tell them that "Luck is also a kind of ability" Sometimes it is extremely difficult for some people to accept an acquaintance who suddenly becomes rich thanks to BTC while they themselves have known about it but have rejected the BTC opportunity. We should sympathize with them, because while we are profiting from BTC, they are experiencing negative emotions. Besides blaming themselves, they deny the efforts of others with the word "luck". I think it would be great if they were willing to learn and become a BTC investor right now to have the opportunity with this booming market! |
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Beyond the headlines of overnight fortunes in BTC, memecoins, and airdrops, crypto is gaining mainstream traction through innovative advertising strategies. While I may not be a fan of spot BTC ETFs, Google's recent shift towards allowing ads for them is a significant step [1]. This opens the door for crypto to reach a vast audience of potential investors on the Google platform. Furthermore, the world of sports, with its billions of fans globally, presents another exciting avenue for crypto adoption. Sports aren't really my thing, and even e-sports leave me flailing. Before, I wouldn't have been able to tell you what AIG on a Manchester United shirt meant, or Emirates on a Chelsea shirt. But these days, I recognize OKX as the sponsor on Manchester City's jersey. My family, huge sports fans, are surprised to learn their favorite teams are all hooked up with crypto: Manchester United with Tezos, Barcelona with Chiliz, Bayern Munich with Bitpanda... [2]. Even legends like Cristiano Ronaldo and Messi are jumping on the bandwagon with their own NFT collections [3, 4]! It turns out, crypto is everywhere in sports – sponsoring teams, tournaments, and events across football, basketball, racing, and more [5]. The surging popularity of crypto companies as sponsors in sporting events comes as no surprise. Their financial windfall fuels high-profile sponsorships, putting their brands before a global audience of sports fans and athletes. This exposure fosters brand recognition and loyalty among fans, who are more likely to develop a preference for sponsor brands, from footwear and apparel to beverages and, most notably, jersey endorsements. It appears the golden age of banks and airlines dominating sports sponsorships has faded due to economic turbulence, paving the way for crypto companies to swiftly establish themselves as a new sponsorship powerhouse. I hope this new advertising channel offers a promising way to bring crypto to a massive new audience. Investors will likely be drawn to crypto's potential for growth and asset protection, injecting fresh capital to fuel the market's growth and maturity. We welcome these new investors not as liquidity providers, but as partners in building a more mature crypto ecosystem. I would like to know your opinion on the strategy of promoting crypto brands through sports: - Can sports effectively raise awareness and trust for crypto brands?
- Does sponsorship influence fans to trust the crypto brand associated with their favorite team or athlete?
- Does the frequent presence of crypto sponsorships in sports signal mainstream acceptance and growing popularity of crypto?
References:[1] Google Updates Advertising Policy for Crypto, Allows ETF Ads[2] Most Valuable Crypto-Backed Sports Teams in the World in 2024[3] The CR7 ForeverZone[4] Lionel Messi NFT Sold for $1 million on Ethernity[5] Why crypto companies are scooping up big sports sponsorships |
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How I wish that this is not for popularization , 4 million dollar value to purchase worth of 1.7 billion  lets see when this will take place for proving on how it will happen. I am going to choose Bitcoin as well like majority of the votes because when we knew already what is the capacity of bitcoin to increase its value comparing to Gold. Even though this is fake news, it does not deny the trend of investing in BTC instead of gold by many individuals, companies, and governments. Even the strong increase in the price of Nilam shares also confirms the interest of traditional investors in BTC and BTC-related assets. It seems that BTC has become a reputable brand in the investment field thanks to the successes of MS and El Salvador. I hope this wave will develop strongly and achieve significant successes before we will see the crypto market enter the next crypto winter. |
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Of course, everyone's investment taste is never the same and we need to respect each other's choices, not criticize other investments just because we don't choose them. Honestly, I'm still more focused on profit than decentralization or privacy because if I don't have the money then decentralization doesn't mean anything to me. But I still bet on bitcoin and believe it will grow better, faster and bring me greater profits than any other investment including stocks of large companies.
In the long term, BTC has outperformed most stocks in the market. We can compare BTC with S&P500 and DJIA to see this, but the story will be different when comparing BTC with BTC-related stocks like stocks of BTC mining companies, COIN and MSTR. Anyway, this doesn't matter because even if you prioritize profits, you also have priorities related to asset security and peace of mind during the investment process. We can expect long-term growth in BTC price while not knowing what could happen to MS or Coinbase next month because they are still just companies run by a few people. I respect your portfolio and believe it is a reasonable portfolio from a wise decision! |
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In the past, many years ago, profit from Bitcoin investment is more likely from luck. Because with very low price in the past, people could simply buy bitcoins, consider it as experience, for fun, and even forgot that investment after 1 or some years.
Luck is when Bitcoin got bigger adoption, price soared and Og investors recalled about their investment in bitcoins, got access to their wallets, and unlock their fortune.
Nowadays, story is no longer like that. Investors nowadays have to be knowledgeable, disciplined with their investment in Bitcoin to get profit and rich. Luckiness plays less important role for nowadays Bitcoin investors.
Like Gold investors nowadays, we no longer call them as lucky investors. They invest with knowledge, strong belief and good discipline for purchasing and selling, taking profit and good capital, risk, security management.
Most people say that BTC investors profit from luck because they look at BTC's extremely impressive price chart over the past decade. They do not understand the difficulties that diamond hands have faced and overcome during that time. The same thing will happen again in 10 years. For example, when BTC reaches 1M USD, many people will also say that investors who bought BTC at a price below 100K USD are also very lucky. Sometimes it is just denial of other people's efforts and self-soothing regret for missing out on the opportunity to change their life thanks to BTC. To me, such subjective judgments are not really important, and BTC investors don't care about luck. They know what they are doing and they believe in the results of those actions. The biggest luck may be that they were born in the crypto era and made the right decision to invest in BTC. |
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I believe that the community's desire to seek further fiscal liberty and diversify their investments will determine whether or not cryptocurrencies are espoused extensively. This tendency is a result of both wanting freedom from traditional fiscal structures and realizing the advantages of using cryptocurrencies. In terms of government involvement, officers don't have complete control over liquidity and the relinquishment of cryptocurrencies. Eventually, the rise of leaders similar as El Salvador serves as provocation and emphasizes the possibility of favorable metamorphosis in the cryptocurrency field.
El Salvador is a famous experiment with positive results for crypto on a national scale. Although El Salvador is a small country and does not have its own currency, we hope that it will also be a worthy example for other governments to see the positive effects of accepting, adopting, and encouraging crypto. Governments are elected by the people, and they will be responsible for carrying out the people's wishes, but perhaps only in the US lawmakers face significant pressure from the growing wave of crypto support. This is also good because the US is a large economy, and the US's crypto legal framework will be cleverly referenced and applied by other governments around the world. In the meantime, while waiting for a clear legal framework for crypto, I hope that public awareness of crypto will improve and make crypto an indispensable part of the economy. |
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Great OP, very thorough & detailed. To respond to the question, I think Tether expanding is a great thing for cryptocurrency. They have had so much regulatory pressure, questions, audits & always come through satisfying demands. I think they will be a huge part of the financial system in the future.
Thank you, I always try to present my point of view clearly. The topics are often a bit long and require members to spend more time reading, but each person will be able to find the most useful information instead of being skeptical and misunderstanding. As you said, Tether and USDT have become very important to the crypto market, perhaps the top 3 market cap of USDT has also confirmed this. The collapse of Tether could have a more devastating impact than the incidents that happened to Solana or the allegations related to Binance because it will severely damage market liquidity and investor confidence. I also believe that if Tether is not fraudulent in its reports and CBDCs are not widely adopted, then USDT will still be a major force and irreplaceable player in the crypto market. |
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What you are doing is what most here will do but did you ever check the APY that Binance is giving on USDT? It is more than any other cryptocurrencies that are listed. Doesn't it look concerning and sound weird as it is a stable coins pegged to USD.
-cut-
3. If USD collapses then USDT will also collapse.
I have never touched Binance's APY, I usually use the Binance app directly on my iPhone instead of accessing it through a third party. Do you mean that Binance owns the largest amount of USDT in data than any other crypto in the market? For example, the USDT in Binance's data is worth more than 105B USD (USDT cap)? Since USDT is pegged to USD, the volatility of USD's purchasing power will also affect USDT, I think that's a feature. In the worst case scenario, when USD collapses, many people will want to sell USDT and can cause USDT depeg, for example 1 USDT = 0.8 USD. I don't think we will face this risk anytime soon because USD is still the strongest and most popular currency in the world. |
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Of course. Some governments are realizing crypto is the only answer to all of their economic problems. Politicians on the US and abroad have gone as far as publicly stating their support for crypto just to gather voters' attention. You can see the huge taxation benefits they will receive by embracing the revolution with open arms. I think even authoritarian countries will change their stance about crypto due to its ever-rising popularity. China once "banned" Bitcoin mining, and now supports crypto through Hong Kong. Even Russia is considering adopting crypto for international payments to circumvent sanctions. If the crypto industry becomes a huge success, it's likely Fiat currencies will become a thing of the past. This means the end of centralized money, and the dawn of decentralized large-scale economies (hyperbitcoinization?). Who knows what will happen in the future?  I don't think governments will give up the right to print fiat, because it's a simple way to run the economy and the country. El Salvador can accept BTC because they don't have a national currency and they use USD, other countries can hardly do the same. CBDC is the way for them to put fiat on the blockchain, they even don't want to use popular stablecoins like USDT and USDC to replace fiat. Governments just want to regulate crypto to collect taxes and create more jobs for people, I think they tend to classify crypto as a commodity to avoid conflict between crypto and fiat as the main payment method in the economy. |
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We cannot know what the preferences will be like in the future, but I think it is not right to compare gold and Bitcoin. There are many investment instruments when investing and each investor invests according to his or her own preference. I do not think it is right to compare any two investment instruments with each other. Will we compare and choose an investment instrument that we have chosen now with another investment instrument in the coming years? There is no need to do this because there should always be diversity in investment and the investor should make his choice according to his own opinion.
I am not comparing BTC to Gold because this has been presented by many members and financial experts. I just want to point out the trend of investing in BTC instead of Gold that is taking place with individuals, companies, and governments. This could be part of BTC's maturation as an investment and reserve asset. We have never seen this before 2020, but the participation of MicroStrategy and El Salvador has made BTC more popular and accepted. Each investor will have the right to choose the asset that he trusts and loves, I believe that both BTC and Gold deserve to be in the portfolio of every investor |
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Yes, trust wallet is easy to use and I have never had any technical problems while using the wallet/app, and I only use it for micro transactions/daily transactions, not as the main wallet.
The only issue that I have experienced with trustwallet is the bitcoin fees problem, a few months ago the mempool was clogged by ordinal spams and it caused the fees rising high.
And the trust wallet will automatically use the most expensive fees so that the transaction can be confirmed in the next block.
Because of that, I was forced to export BTC wallet seed phrase from trustwallet to electrum.
TrustWallet can serve the needs of the majority of users, especially it is effective for multi-chains interactions. We do not need to install and manage dozens of different accounts on each separate chain. You can monitor the network status to see the fee per vB and then customize it right in the TrustWallet app to save on transaction fees. Currently, the Bitcoin network is no longer attacked by the Inscription trend, transaction fees have decreased and we are no longer under the pressure of too high transaction fees. |
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Definitely, this is how the Market works, and not everyone would profit from the market reason being that everyone is not doing the same thing in the market, so this actually depends on your activity in the market, basically time of Buying and selling, some people profit while some lose, it is just like a game, know the rule, and you play by the rules, definitely you will win, which balls down to buy when the market is bleeding, hodl and take profit when the market is very greenish, this way you will be part of investors they call diamond hands.
As you said, the profit from BTC comes from making accurate decisions at the right time to buy and sell wisely in order to acquire more tokens and then sell them at a higher price and make a profit. So, the investor must have been very lucky to have found an extremely effective trading method! Many traders have pursued this goal and some of them have succeeded, while I choose DCA during the crypto winter because the market is at the bottom longer than at the top, so I have more time to work, earn money and buy more BTC at a fairly cheap price. So my luck is having time and a stable income to invest in BTC. |
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Stablecoins are a game-changer in the crypto market. They provide two key benefits: high liquidity and a safe haven for investors during periods of high volatility. These factors have fueled their rapid adoption. Tether's USDT is the current leader, boasting a market cap of $105 billion, which makes up a whopping 69% of the entire stablecoin market share [1]. Despite facing legal challenges in the past [2, 3], Tether has emerged as a dominant player in the cryptocurrency market. Its USDT stablecoin is widely accepted, integrated across 16 major blockchains [4]. Tether further bolsters its position by holding the 16th largest stake in US Treasury bonds [5]. Additionally, the company is involved in Bitcoin mining [6] and holds a significant amount of BTC, currently around 75k BTC valued at roughly 5B USD [7]. Back in 2017, the idea of Tether thriving in 2024 as the dominant stablecoin seemed far-fetched. Yet, here we are. But Tether's skyrocketing market cap has raised concerns. Many fear potential consequences for the crypto market if Tether's reserves aren't enough to truly back every USDT in circulation (meaning a 1:1 collateralization). However, an increase in USDT supply can indicate new money entering the cryptocurrency market. Since USDT is frequently used to buy other cryptocurrencies, this can lead to increased buying pressure, potentially pushing token prices up and contributing to a bullish trend. I think if Tether keeps issuing new USDT, it suggests that there's still demand for stablecoins, which could be a sign that investors are still entering the crypto market and the crypto market is still in an uptrend. I own USDT. I'm using Binance Simple Earn to earn interest on my USDT while I slowly buy Bitcoin through DCA strategy. USDT also helps me hedge against the weakening of my local currency compared to the USD. I hope the USDT market remains stable until I can convert my holdings to cash after uptrend. I would like to know your views on Tether: - Is USDT safer than other stablecoins in the market?
- Are Tether and USDT really important for the development of the crypto market?
- Could Tether collapse in the future?
References:[1] DefiLlama: Stablecoin Overview[2] Cryptocurrency firms Tether and Bitfinex agree to pay $18.5 million fine to end New York probe[3] CFTC Fines Tether and Bitfinex $42.5M for ‘Untrue or Misleading’ Claims[4] Tether Token (USDT) to Launch on Celo[5] Tether: the Q4 2023 report shows stellar profits[6] Tether plans major expansion into BTC mining with $500M investment: Report[7] Tether becomes seventh largest Bitcoin holder with recent $618 million purchase |
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To be fair, when investing in bitcoin, we don't need to worry about the future of Coinbase or MicroStrategy, but we will need to pay attention to the future of bitcoin. Because the future of bitcoin has no 1000% guarantee that it will be absolutely safe and always bring us success, and it can be said that everything has risk. But because we hate centralization and when we invest in those companies, our assets will be controlled by others while bitcoin gives us privacy and full control. Therefore, choosing bitcoin will be more correct and safer.
Everyone has their own criteria for profit and risk, even decentralization. If you prioritize decentralization, you choose BTC because BTC is the most decentralized asset in the world. Those who want higher profits can choose COIN or MSTR if they really believe that these securities will increase in price more than BTC in the future. Traditional investors prefer the simplicity they are used to, and they choose spot BTC ETFs and COIN + MSTR. I think we are different, and we will have different choices. I respect all choices because in the end, each investor will enjoy their own profits or losses. |
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Exactly. Crypto needs governments' approval to reach new heights. Without their support, demand for crypto assets will be extremely-low (which translates into lower market prices). VCs, and both institutional and retail investors are the ones who pour money into the crypto market. Without them, crypto will become a "ghost town". Even if Blockchains remain alive and healthy because of their decentralized nature. We can't predict what will happen in the future because of the uncertainty of government regulations. It's in our best interests to defend the crypto industry by voting for politicians in favor of the revolution. With governments working hand-in-hand with the crypto industry, our world will become a better place.  Currently, crypto investors have become an important part of the electorate, and politicians know this. Look at the US election: presidential candidates talk about crypto, senators talk about crypto, it seems everyone wants to express their views on crypto to get votes from electorate. If people understand the value of crypto, they will choose a government with a crypto-friendly view and crypto will have the conditions to develop strongly in that country. Suppose Trump will be re-elected president and Gary Gensler has to step down as SEC chairman, we will soon see a big crypto era in the US. What I'm worried about is in authoritarian countries, where people have no voice and the government wants to protect its control over the economy through fiat. Crypto will have a difficult journey in such countries  |
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$69 for a security is very cheap especially since the assets I own are even more than the price of the hardware wallet I own. if someone doesn't use a wallet with guaranteed security, they only take refuge in security that is quite vulnerable such as trustwallet. and it also depends on who the user is, because hardware wallets also require vigilance and security in storing the seed phrase so that it cannot be accessed by anyone and it is very important to maintain it properly.
As of now, we have not had any unfortunate incidents for TrustWallet users. Perhaps the possibility of users accidentally disclosing their private keys to hackers is greater than the possibility of a security vulnerability within the TrustWallet application. If possible, a hardware wallet will always be a better choice, even though I have consulted and do not like its unfriendliness during interaction. I am still temporarily using TrustWallet on iPhone and trust it. I will think about buying a hardware wallet from the profits this season to store BTC for the next crypto winter. |
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