A typical response from an individual who has close ties with a bank. Cryptocurrencies pose a threat to fiat money, since its goal is to establish a peer to peer network that is powered by its users. The lack of central authority is the reason why the government and central banks see this as a threat. Fiat money gives them a sense of control, enabling them to track currency movement, collect taxes on it, and trace criminal activity. All of these is lost with the rise of cryptocurrency. Emefiele says that it has no place in our monetary system because they dont want cryptocurrencies to be widely adopted by the population. Because we all know that when it does happen, banks will be irrelevant.

Well it is true, Bitcoin mining consumes a lot of energy. Cambridge researchers say it consumes around 121.36 terawatt-hours (TWh) a year - and is unlikely to fall unless the value of the currency slumps. Some say that bitcoin mining is an environmental conundrum and that it is responsible for nearly 37 million metric tons of carbon emissions each year. I guess it would be helpful if most of the bitcoin mining operations use renewable energy. Just to lessen the carbon footprint, that's all. Then again, why are they only focused on bitcoin? There are other industries that produce way more carbon emissions.

I'll give you two major crypto risks that I know of when it comes to investing and trading. First is that crypto currencies are volatile. They are prone to unexpected changes in price. Surely everyone here has witnessed the value of a coin to quickly drop by hundreds, if not thousands of dollars, and some have even seen its value to unexpectedly increase by tenfold. Second is that crypto currencies are susceptible to errors and hacking which is not surprising considering that these are digital assets that circulate through a virtual platform. There is no way to avoid the risk of a volatile coin, all crypto currencies dont have a stable price. It is your choice whether you'll take the chance to invest or not. On the other hand, errors and hacking can be avoided. Just pick the right wallet that you want to use for your digital assets. I recommend MEW. Dont share any of your personal information, and avoid phishing sites. Phishing sites have a different URL so check the link before you enter your information. Lastly, try to use a hardware wallet for more protection.

There is a study that COVID 19 will not go away that easily. It's not like that it would immediately vanish even with an existing vaccine. A vaccine's purpose is to lessen the effects of COVID 19 by building up immunity. It is possible that even if you are vaccinated, you can still be infected by the virus, but with less symptoms and a lower risk of death. Since this is new to us, people are advised to still take precautions even if they are vaccinated to protect yourself and others from getting infected.

The value of a coin flactuates from time to time, that's why those who have experience in investing always say that you should be patient and wait for the coin's value to spike. It is a good advice, however if you truly want the best results, consider what coin you should invest on and hold. Bitcoin and Ethereum are the only coins that i consider holding for a long time, since these two are viable and of high demand. Patience with these two have given me trumendous results.

Far too many exchange tokens out there. A crypto exchange may launch its own token for a variety of reasons, and exchange owners often give tokens to users as incentives. A token presents a company's share, give access to product or service and perform many other functions. It's viability however depends on the success of the company's project. Some would launch their own exchange tokens without legitimate products or services, which then leave the buyers with nothing but invaluable tokens. Be careful out there.

Bitcoin is relatively new to that year, 2 years after bitcoin was created to be exact. A few people understood its concept and bitcoins+ATMs isnt much of a discussion. I read the thread that you provided, some of the people there were skeptical of having Bitcoin ATMs since its purpose was to only convert bitcoin to fiat money, which opposed the idea of bitcoin only revolving in the digital platform. Though the concept of bitcoin ATMs is convenient for some, since not all of us are holders and we need fiat money to purchase goods from time to time.

I would probably do the same If I had a lot of bitcoin holdings but I dont. I already sold mine 2 years ago, and I wish I didnt since the price of bitcoin back then was just 4k dollars. HODL has it's pros and cons and an investor should know his/her limits. Well all know that the price of bitcoin flactuates. Waiting for the price to spike and sell it is a good strategy to earn more than what you've invested, but let's be honest, it would take too long, even years if you want bitcoin to reach the price beyond your expectations and in those long years you'll witness bitcoin dips, which isnt a pretty sight. If you think that you have enough, and received more than you have bought, you can sell your bitcoins. You'll never know when you will need the money.

Sweden has already imposed a carbon tax, but miners dont usually do their operations on places that would cost them a lot on bills. That's why almost half of the world’s Bitcoin mining capacity is situated in southwest China, where power is cheap, less taxed and supplied by coal-fired plants as well as hydroelectricity. If multiple countries end up imposing a carbon tax on bitcoin then the number of miners will certainly decrease, but that wont stop them from doing so. Regarding the price, i guess the more scarce it is, the higher the price will be.

When it comes to altcoins i suggest to invest in ethereum. It's the safest investment that I can think of. Imagine it's been the 2nd best cryptocurrency out there for who knows how many years and it hasnt been topped by any other altcoin since then. But there are other great altcoins other than that. You can try to invest in Litecoin if you want which is the 3rd best cryptocurrency (for me).

I always trade altcoins for fiat. Im not a big fan of HODL which is what you'll eventually do when you have BTC on your wallet. It depends on your preference, If you want to double your profits then I suggest you do altcoin to BTC, though this would take a long time. If you want to get a hold of your money instantly then i suggest trading to fiat.

Although they have different cases and goals, ETH and BTC are both good investments since they're the two biggest cryptocurrencies by market capitalization. But if it goes down to which is better, I would say that it is bitcoin. Bitcoin is more stable and has the highest demand. Because of this bitcoin's value grows over time. It has the potential to spike beyond 50k$. The only downside is that it is a long waiting game, it took 2 years for bitcoin to go from 4k$ to 50k$.

Digital currencies are now being recognized and used by more people around the world than the past 2 years. Its noticeable growth and reputation in value has caught the attention of potential investors which in turn created a surge in the number of users. Now, it is recorded that about 1 million users transact bitcoin per day. Amidst the pandemic, the bitcoin price even spiked to 50k dollars which is a lot compared to the price of 4k dollars back in March 2019.

There are many factors which affect bitcoin's price but based on your list I would say that bitcoin whales are one of the major factors that have to do with the flactuation of bitcoin's value. Bitcoin’s value is derived in a similar way as precious metals: Its value is based on scarcity and high demand. Since whales buy in large volumes, the demand for bitcoins increases at a faster rate than the supply, which can drive up the price. Essentially, the price depends on supply and demand.

I personally doubt that Dogecoin would hit 1$ anytime soon despite of it being backed up by Elon Musk. I've read an article about Dogecoin from the aol website and it goes like this: "The math doesnt add up. Stadelmann brought up the amount of DOGE minted each day, which is 10,000 per minute or 14.4 million per day or 5.2 billion per year. The yearly uptick represents just over 4% of the total circulating supply of 128.701 billion DOGE. The joke cryptocurrency needs $806,000 of new fiat plus existing inflow to maintain its value of nearly $0.056 at press time." So that's basically it. Though Dogecoin has some uses, just like spending and tipping posts, it would be hard for the currency to reach 1$.

I havent tried a TRC20 wallet before. Im more on ERC20 because it is already tried and tested several times without any errors in transaction. Though in ERC20, fees are quite high. I saw the replies in this thread say that TRC20 has much more lower fees which is what i really need to be cost efficient in transactions. Maybe I'll give it a shot in the future. Regarding your question if TRC20 is safe to use, I've done some research and most of the articles that I found stated that TRC20 wallet is safe, as long as you dont share your personal information.

The cryptocurrency has drastically grew through the years. From a market cap of 97 billion back in march 2020, to a market cap of 1 trillion in 2021. This just goes to show that bitcoin is moving in a much faster pace. But truth be told, there are people who are still skeptical of this digital currency. Little do they know that bitcoin holds more value and can potentially make it through the top 5 in the list that OP posted, IF and only IF they stop treating bitcoin as if it is a fraud's coin. I do believe that if a huge number of people start to invest on bitcoin and recognize its worth, the market cap of bitcoin would grow past of silver's market cap.

OP posted this on 2019, im surprised that NFT garnered a lot of attention through the years. Now NFT is used on a lot of platforms, not just for gaming. I once read an article about NFT's current market revolving around collectibles. One example is the NBA top shot which is a place to collect non-fungible tokenized NBA moments in a digital card form. Some of these cards have sold for millions of dollars. The gist here is that NFT is a way to represent property that is uniquely your own. Placing such a value on a tangible asset that can never be replicated. It really is an interesting space and I believe that it would go a long way.

It really is hard to identify whether the project is a scam or not. My technique is, to visit the project's website, read the whitepaper, and join the telegram group. You just need to conduct some detailed research on their project. I go for projects that are feasible and have goals that are attainable. Some projects are good at explaining their goals but clearly they dont have enough resources and proof as to how they will achieve it. Sometimes I visit their FB page or other social media accounts. From there on, i decide whether their altcoin is safe to invest in

I heard news about the bitcoin surge that happened during the pandemic. On November 25, 2020 it reached a value of around 19,000 dollars and to be honest I didnt expect that to happen. I guess it had something to do with all the money printing that led to inflation. People see bitcoin as a safe haven asset, some even invested during the pandemic and considered it as a side income. It's good that people are now more informed when it comes to cryptocurrencies, after the pandemic I think bitcoin will gain more reputation and value.