I was having a conversation with a friend, and we talked about how difficult the economy is and how it can disrupt someone's plan to hold their bitcoins without tampering with it. I think this is true because if you think of how difficult things are getting, Salaries from jobs no longer sufficient to sort all needs, and profit from business seriously affected and made intangible because of the increasing cost of running a business and the rising cost of things.
Holding your bitcoins has a lot to do with discipline truly, but discipline is harder to practice when you are being suffocated and suffering financially with plenty bills and responsibility to respond to. People in countries with better economy, where there are good jobs and businesses are working, Bitcoins will easier hold than for people who are in places with terrible economic situation. What do you think?
Let's face it! Bitcoin has become an investment rather than a currency. Otherwise this question wouldn't have popped up in your mind! Everyone wants to keep Bitcoin and no one wants to spend it. But if your Bitcoin can't support you in difficult times, what's the use of it? I personally once funded my medical expenses using Bitcoin as I had no cash available with me. I could have used my credit card but that could have made the things worse with sky high interest rate. So make use of Bitcoin in difficult times. Otherwise it's not serving its purpose. |
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India's payment technologies are way ahead of many other first world countries. Honestly, this UPI payment is a path-braking innovation. Earlier this year I had visited couple of EU countries, and their fiat payment system looks encient. It seemed I travelled back in time of fiat transactions which has been long forgotten in India.
This conversational AI will be another super system but can be misused if not implemented well.
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I have tried to find out if it's a physically settled ETF or not but couldn't find much information. Can anyone share more information about it?
Also it seems BlackRock is behind this. They are infamous for market manipulation. We need to be aware of this fact. They have started spending money in crypto market.
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Hi Friends,
I often come across Alt Coins and even meme coins showing white paper. IMO, they are absolutely ruining the meaning of Whitepaper, aren't they?
Some of them use it for showing Toeknomics, some of them show their Utilities & Use cases, some show Roadmap and Planning, and some show just Memes in the paper.
There are many Crypot New Enthusiasts who just jump into the Project as and when they see Website and Whitepaper link. Hardly check what is even inside!
Just wondering what is your take on it!
Whitepaper has become a fashion in crypto market. But 99% of them do not add any real value. Now in the era of AI, it has become even more easier to write a whitepaper. Just ask chatgpt or Bard AI and they will get it done for you. You just have to manually review and make changes accordingly. The effort has come down to almost zero. So whitepaper is not something which you should consider before making an investment decision. Majority of them are fake and copied from others or written by AI. I personally do not think whitepaper adds any value to the project, especially memecoins. These memecoins are short lived and add nothing to the ecosystem. |
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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.
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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.
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Have anyone wonder why stable coins are safe all this while from Gensler and SEC, even the government? Why hasn't there any hunt on those centralized stablecoins? Is there something we don't know? Are stable coins somehow settled with the government and SEC behind the curtain?
Because if stable coins was target it will be a enormous hit to the whole crypto market, why haven't such thing happened yet? I also read where the former Binance.US said that the White House is trying to keep stable coins "out of discussions" like they know something.
Is this all about saving their USD? Or they are waiting to create CBDC successfully first before they go after stable coins?
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. |
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with all this put down here, I'm still not convinced. I need your opinions that, if Bitcoin is been centralized can other cryptocurrencies survive .
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. |
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You are all a bunch of fucking idiots, the future kids will not accept it it is like fiat to them, Make a fairly distributed currency or fuck off. Satoshi is no fucking hero.
Step 1: Get WILLINGLY UPLOADED heartbeats or dna
Step 2: Give everyone the same supply
Step 3: Have a % of transaction fee's go back to all accounts (welfare, basic income)
Step 4: Have a pool of network fee's the users vote on where they are used (roads, garbage) its voting software ffs.
Step 5: Have a better world for everyone, u cunts.
Just a simple question - how do you propose to make it happen? By creating a shitcoin? By creating a sidechain where network fee goes to all users at the same rate unlocked via a human hardware id like heartbeat or dna. 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! |
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Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon
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! |
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You are all a bunch of fucking idiots, the future kids will not accept it it is like fiat to them, Make a fairly distributed currency or fuck off. Satoshi is no fucking hero.
Step 1: Get WILLINGLY UPLOADED heartbeats or dna
Step 2: Give everyone the same supply
Step 3: Have a % of transaction fee's go back to all accounts (welfare, basic income)
Step 4: Have a pool of network fee's the users vote on where they are used (roads, garbage) its voting software ffs.
Step 5: Have a better world for everyone, u cunts.
Just a simple question - how do you propose to make it happen? By creating a shitcoin? |
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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.
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Hey guys! I've been in crypto for a while but since it's bear market I'm curious: are there any services where you can earn passive income in crypto, except lending?
If you know, share your experience, please.
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. |
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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.
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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. It's probably about SEC allowing it is the big deal. A lot of people of course follow SEC and see that their decision is something to follow. Having that type of exposure to those who don't follow cryptocurrencies in the first place would maybe try and HODL or learn about crypto. I think it is a big deal. 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. |
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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.
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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.
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Bank investors have more certainty because there capital is completely safe but they give 8-10% annual profits to the investors of per year. But it is comparatively less in terms of profits.
On the other hand you will get constant profits from crypto as if you are experienced in trading then daily profits is possible. Otherwise you can get profits by investing. However crypto investment puts your capital at greater risk (main point).
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. |
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Scam. Aside from kyc, I wouldn't be surprised if they are harvesting user data on name of mining.
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! |
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i did buy token 11 month a go now its around 32B $ there is NO liquidity and I'm willing to sell it with 2M $ USDT token name BUGSBUNNY buy it from pancakeswap  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. |
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