CZ isn't giving up, which is the main thing and is what makes people stay optimistic about the future of BNB because as long as Binance stands tall, BNB will have the potential to come out from all these difficulties and finally start gaining value again. If the SEC becomes successful and compels CZ and Binance to give up and let the SEC win, BNB will have to suffer the consequences of being the utility coin of the platform, and there will be no surviving for it then.
So, at the end of the day, the faith of BNB is bound with the success of Binance in the future. If it manages to maintain its position and stays the top centralized exchange of the industry, BNB will gain traction once again, but if things go the other way around, I'm afraid BNB investors and holders, including CZ himself, will have to suffer.
Considering that the SEC didn't appeal Grayscale's victory in the court, it's likely they will give the green light to a spot Bitcoin ETF soon. I also believe the SEC will now be less "aggresive" against crypto exchanges, paving the way for Binance to rise all the way to glory. If that happens, BNB's market prices will soar like crazy. Many speculators told us BNB would reach a price of $1k in the future. And let me tell you, they are not wrong. Especially when Binance is the world's #1 crypto exchange. In 5 years time (or less), BNB could reach that milestone and more. The sky is the limit to how far the cryptocurrency can go. Being compatible with the EVM, does brings its benefits. Who knows if BNB goes all the way towards becoming the third-largest crypto by market cap soon? Just my thoughts  |
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One day, all of those restrictions and strictness will come to an end. How? When this market is entirely huge already and they cannot ignore to be strict with money flowing into their country. You see big exchanges fleeing on their market for being ass to them because of the policies that they can widen and loosen the strictness of it. We don't mind them, they'll eventually get back and be happy again to show the world that they are a crypto friendly country that despite the bans and being strict that they are implementing, they cannot just ignore the growth of the crypto market.
Couldn't agree more with you mate. If they can't beat it, they will join it. We're already seen how China changed its mind about crypto once it became a mainstream success. The country is now trying to attract investors by turning Hong Kong into a "crypto paradise". They've used to outright reject Bitcoin mining (and everything related to crypto) some time ago. This tells us other countries will eventually embrace the revolution with open arms. Maybe Russia is next? Whatever happens in the future, you can be certain crypto will become a part of our daily life. If the revolution were centralized, governments would've stopped it already. Kudos to Satoshi for making the best decentralized and censorship-resistant cryptocurrency in the world (Bitcoin). Who knows if Fiat currencies will be the ones that will cease to exist in the long run?  |
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Any investment that can generate profits has potential risks, but whether the risk is large or small depends on the type of asset, not all assets have the same level of risk. Why doesn't anyone call gold a high-risk asset but call it a safe haven? Meanwhile, bitcoin is still considered a risky asset and when it comes to whether it is a safe haven or not, there is a lot of debate. No asset can provide high returns while also having a high level of safety, bitcoin is no exception.
Gold has a lower risk than Bitcoin because of its relatively-stable market prices. In other words, Gold's volatility is much lower than Bitcoin's. This could be the result of market maturity. After all, Gold has been trusted by many people for centuries. Bitcoin is only 14 years old. The approval of a spot Bitcoin ETF is the first step towards market maturity. But it's simply not enough to make BTC surpass Gold's market cap (or at least get close to it). We're going to need to wait decades (or even a century) before BTC becomes recognized by many as an alternative "safe haven asset". I'm fine with that as long as Bitcoin stays decentralized and censorship-resistant. Who knows if Fiat currencies will die, leaving us only with BTC and Gold as the main driving forces of the global economy? Just my thoughts |
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It doesn't have a significant role in terms of payments. First there's Bitcoin and then there's the likes of Ripple, Litecoin, or Doge. Or if you want to use Tron, it's not because it is something special. It is only because it is one of the several altcoins that can be used as alternative to Bitcoin especially when the fees are high. But there's also Lightning, and I have also observed that the mempool isn't actually as congested as before.
Also don't say that Tron is decentralized and is aligned with the principles of crypto. It isn't decentralized and it doesn't align with the principles of crypto. It aligns with the principles of Justin Sun.
Exaxtly. TRON is only centered on Justin Sun. Without him, I doubt the cryptocurrency will last forever. Even without his involvement on the project, he still has influence over the TRON blockchain's super representatives (aka validators/stakers). Poloniex is owned by Justin Sun, as well as, Huobi (now HTX). These exchanges hold a large portion of TRX's supply. Even Binance is on the list. Luckily, the community can fork away to make a truly-decentralized TRON alternative. But for some reason, that hasn't happened yet. I wouldn't recommend relying on TRX as a long-term investment, because of the reasons mentioned before. It's only good for quick and cheap stablecoin transactions and gambling. For serious investing, you can choose either ETH or BNB (or both). Just remember to invest wisely and there should be nothing to worry about. |
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If Bitcoin were reversible, it’ll mean that there is a middle man involved who decides the status of the transaction. But we don’t want that. People want to know that when they receive or send their Bitcoin, it’s gone and no one has the power to make any changes. There’s a feeling of security that it gives especially when you send money very often. So, if you sent a large amount of money in Bitcoin, you can for sure go to sleep with peace of mind. We just need to be careful when carrying out transactions. If we put up a poll to see how many people have lost their crypto just because they sent it to the wrong address, it won’t be a lot compared to those who have never made the mistake.
The idea was to use Bitcoin as digital cash. Not as a credit/debit card whose transactions can be easily reversed at will. In BTC, any transaction with more than 6 confirmations is considered irreversible. There needs to be a consensus of a 51% majority to successfully rollback the chain. Unless the person you've sent the BTC by mistake does the courtesy of returning your coins, don't expect to get lucky anytime soon. It's always important to do your own due diligence before sending money to an unknown person. Bitcoin wouldn't be decentralized if there was an entity behind transaction dispute/resolution. For that, we have PayPal and/or traditional debit/credit cards. I'm sure people will learn a valuable lesson once they find out that no one is responsible for lost/stolen BTC (or coins sent by mistake). Just buy, "hodl", and forget about the rest. |
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Never too late to invest on something as profitable as bitcoin. if it were no one would be investing in it now anymore, nor would there be anyone who would've raked money and profits by the millions in 2020. Imagine that.
The greatest thing about investing in bitcoin is that, out of all cryptocurrencies on the market, it's the safest choice to make since it doesn't keep you out of options at the end of the day. And out of all cryptocurrencies on the market, it's the most reliable when it comes to come backs by a landslide.
So yeah, the best time to invest in bitcoin is way back 10 years ago. The second best time to invest in it is now. Don't bother worrying about if bitcoin's still profitable or not this year, it always is and always will be.
As long as there's demand for Bitcoin, prices will only go up over time. Especially when the cryptocurrency has a deflationary mechanism. It's never late to invest into Bitcoin, considering that a vast portion of the world's population doesn't know about it yet. Once digital payments become the norm in the mainstream world, it's likely BTC will be worth 10x - 20x its current value in the future. You don't need to buy a whole BTC to get into the game. Just accumulate fractions of a Bitcoin (satoshis) and you're good to go. Remember to never invest what you can't afford to lose, and you'll have nothing to worry about. Who knows if you'll strike it rich someday?  |
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TRON, a blockchain platform known for its high throughput and low fees, has the potential to significantly impact the payment landscape. Its fast transaction processing and scalability make it an attractive option for businesses looking to streamline payment processes. Additionally, TRON's focus on decentralization and accessibility aligns with the principles of many cryptocurrency enthusiasts. How do you see TRON's role in shaping the future of payments? Share your thoughts and insights below!
TRON is great. But don't expect it to be used massively anytime soon. The project lacks originality and strong marketing/promotion efforts. Developers are much more interested in building dApps + tokens on other chains than TRON itself. With founder Justin Sun facing controversy within the crypto industry (he's a shady person, after all), I'd consider moving to alternative chains such as BSC or SOL. It won't be long enough before TRON becomes another "Dogecoin". A "meme" coin driven by hype/speculation than anything else. Mainstream adoption is important for a project to withstand the test of time. And that's something TRON doesn't have despite being used by some for stablecoin transactions (mainly USDT). Crypto land often behaves in many strange and bizarre ways, so expect the unexpected. Just my thoughts |
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Previously, not only did the world consider bitcoin a highly volatile and high-risk asset, but even those of us who invested in bitcoin considered it a high-risk asset. But I think we should gradually change that concept as well as change the way we call it, bitcoin is no longer a risky asset. Recently AllianceBernstein, an asset manager with $699 billion, caRe: Bitcoin is a “safe haven asset”lled bitcoin a safe haven and even more attractive than gold. For me, this is the first time I've seen a traditional company admit and call bitcoin a safe haven and consider it superior to gold. What do you think about this and should we stop calling bitcoin a risky investment? https://blockworks.co/news/alliancebernstein-gold-bitcoin-returnsBitcoin can be anything people want it to be. So far, it has been used by many as a store of value because of its deflationary properties. It hasn't been able to beat Gold yet, because it's relatively new to the market. The mainstream world is not ready yet to embrace Bitcoin at its fullest. But with institutional investors and some governments already expressing their interest towards Bitcoin, it should only be a matter of time before it becomes the new "safe haven asset". Once this happens, market prices will be relatively stable (minimal volatility). It's good to know how a digital currency when from being worth nothing to thousands of dollars (USD) a few years after its inception. If BTC has gone this far, imagine how farther it will go in the future? Just my opinion |
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So I saw this topic about succesfully returned accidental transaction and it provoked some thoughts. Those that send money generally want to have an option to reverse the transaction if there's a mistake or if they didn't receive what they wanted. Those that receive money want transactions be irreversible to not get scammed by chargebacks. In our world a lot more people are senders rather than receivers. An average person receives money once or typically a few times per month and then does dozens or hundreds of payments. And since they receive money from an employer, it's unlikely they will get scammed. So why should the people who almost always send money praise Bitcoin's irreversibility if they personally don't directly benefit from it? Should they hope that merchants will lower the prices because they won't have to deal with chargebacks? P. S. - this is not a topic about whether Bitcoin's irreversibility is objectively good or bad; it's about the perspective of average person today and what they need from their payment system in their life. Such things, huh? Bitcoin was created as a digital cash system without third-parties. It is completely normal to have irreversible transactions. Otherwise, BTC would look more like a bank account. I know there are cases when one would like a refund after being deceived by a scammer, but there's nothing we can do about it. Especially if we're using non-custodial wallets to perform transactions on the Blockchain. If it was a centralized exchange or wallet provider, things would've been different. You'd have the ability to get your money back because there's a middleman behind everything. If you don't want to get robbed, don't send BTC without doing due diligence. This way, you will avoid many headaches in the long run. Take Bitcoin's irreversibility as a feature, not a bug. This is what keeps it decentralized, after all. For refunds, Fiat currencies are the way to go. Just spend wisely and there should be nothing to worry about. |
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I am a 20-year-old student. Not long ago, I heard a famous cryptocurrency expert in Korea on YouTube. He said, "Bitcoin investment seems to be late, to be honest. I'm sad, too. I think 2018 was the last chance for ordinary people." This makes me feel depressed. That expert started investing in bitcoin in 2013, and he encouraged his acquaintances to invest in bitcoin, but at that time he said everyone thought he was crazy. Honestly, as an ordinary college student, the price of bitcoin now feels too much to buy.. If it's the price of the early 2010s, I might have bought it through a part-time job.. I'm so pathetic and depressed because I didn't know Bitcoin quickly. What should I do?  We shouldn't believe everything it's said on the web. There are many people claiming to be experts about a subject, only to find out that they don't know anything about it. Bitcoin may've risen to popularity lately, but it's still far from being a mainstream cryptocurrency. Considering that not even a spot ETF has been approved, while many people are unaware of the cryptocurrency, tells us we're still early to the game. It's only late once BTC becomes a part of our daily life. El Salvador adopting BTC as legal tender is the first step towards mainstream adoption. I think this is only the beginning of a long journey for Bitcoin. With big investors pouring money into the crypto market, it should only be a matter of time before BTC goes all the way to "Mars". The question is: Are you buying?  |
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too few of them available for mass adoption.
so 1 btc = 100 million sats
so if at any time we have 100K BTC liquid, there would be 10 trillion sats available
the USA has 2.7 trillion available US dollars
so I dunno man I think in terms of sats I think there will always be enough BTCs available
Thoughts?
The guy doesn't even know what he's talking about. He's probably a fudster like you've said, or someone ignorant. While Bitcoin has a limited supply of 21m units, it's far more divisible than the US Dollar itself (8 decimal places). According to my calculations, there are quadrillions of satoshis on the Bitcoin network. That's more than enough for everybody to get into the game. If someday we run out of sats (which is very unlikely), developers could easily expand Bitcoin's divisibility. Maybe up to 9 or 10 decimal places? Anyways, the main issue is not the supply but rather Bitcoin's ability to scale worldwide. It's still the day where developers haven't come up with a viable solution for this (the LN is still experimental). So it's going to take quite a long time before BTC gets adopted by the masses. At least, it's not as heavily-manipulated and restricted as the US Dollar. |
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paid  Received. Thanks! |
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Unfortunately, market variations also influence the value of NFTs, many have no market, others have no exchange volume, but the really important ones such as curious cards and cryptopunks keep their value high
"Important ones"? More like "overhyped ones". That's all what NFTs have been since day one. I'd add Bored Ape Yacht Club to the list, especially when interest/demand is starting to fade. Funny thing is that most of the NFTs are listed on marketplaces prone to censorship. Especially the OpenSea marketplace living on the ETH blockchain. Is this what the future of the web is about? Without focusing on decentralization, censorship-resistance, and immutability, NFTs would only be a passing fad. Eventually, mainstream governments will adopt the tech for their own benefit. Once that happens, NFTs will have no reason to exist on public chains. It was a wild ride for those who got early into the game. Let's just focus on what matters most which is bringing "banking to the unbanked". I wouldn't be surprised if crypto/Blockchain tech ends up being used solely for financial purposes in the future. It's the only thing it's good at. Just my opinion |
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Ask yourself if you think in 20 years will digital real estate be selling for big money & base your financial decisions on your answer. In my opinion it’s just another popular craze that will amount to nothing long term. This is not financial advice though so do your own research.
I have seen NFTs that were once popular, going all the way down the drain in an instant. It's likely the same will happen with "digital real estate". But I cannot tell for sure, due to the unpredictable nature of crypto land. It's best to proceed with caution by only investing what you can afford to lose. Life is all about risks, but only those willing to take them have a good chance of succeding in the future. For what I know, the world is heading into full-fledged "digitalization". We owe it all to the rise of the Internet and crypto/Blockchain tech. Who knows how our society will change in the long run? |
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Seems like a fair reason for anyone to claim to be Satoshi. All they want is to make money. And I have no idea how low they can get in order to achieve that. We don't believe in Satoshi. Because we still have no idea if he is only one person or a group of people. So it is better to not think about it too much. We believe in Bitcoin and that's all that matters.
If they can't prove their identity, then they are not Satoshi. It's that simple. Whoever have claimed to be Satoshi in the past was never able to provide any solid proof. I don't care about CSW or BCH. The Bitcoin has climbed up the stairs to reach this height so it is the real Bitcoin to us.
You've got it all wrong. It's not BCH that CSW is supporting, but rather BSV (Bitcoin SV). This little blockchain of his has proven to be a failed experiment. Especially when he proposed the "recovery" of dormant Bitcoins. Only his followers are using this useless "shitcoin". The rest of the people are carrying along as usual with the real Bitcoin (BTC). I wouldn't be surprised if sometime in the future we see another person claiming to be the real Satoshi Nakamoto. People and the media will eventually get tired of all this nonsense as they focus on what matters most. It's not about Satoshi, but rather the community as a whole. Unless Satoshi's BTC holdings start moving on the Blockchain, we should have nothing to worry about. |
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The only problem people might find with that is if it ever become a centralized wallet where one would need KYC attached to individual wallet owner. If it decentralized, that would be pretty good and would make sense as our information will be private and the government will not come tomorrow to ask for our information from the company which is an obvious breach of privacy. I know Elon Musk has so many plans he has been looking to achieve but leaving that to the end of 2024 might be too close.
Elon Musk could "sell himself" to the government if he wants. That's assuming his plans of turning "X" into a financial super app fails in the long run. He would have to decide between sacrificing users' privacy in exchange of receiving the "green light" from mainstream governments, or all the other way around. All of this "free speech" nonsense is just a way for Elon Musk to gain attention from the public. But some people say he's still censoring accounts on "X". If that's the case, what makes you think he won't do it with your day-to-day transactions? I think people will trust CBDCs more because they're backed by the full faith and credit of the government. Not a private entity with a secret evil agenda. Besides, Elon Musk never kept his promise of integrating DOGE into "X". Would you expect investors to take him seriously? Of course not! Only time will tell us whenever "X" will succeed or become history. As long as decentralization and privacy win, there should be nothing to worry about. Just my opinion |
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I think I know where to draw the line when it comes to what event should affect the price of bitcoin and it's war, as much as there's definitely an effect on it, I think that it's such a depraved and evil of us to even be remotely happy or something jovial about the war affecting the prices, I'm better off with my morals intact to say the least. Also, what's the justification of waiting for bitcoin for another decade to mature? Isn't bitcoin almost 14 years old already? I think bitcoin's mature enough already as you've already said, it's better performing when it comes to investment already so I think that it's mature enough.
Bitcoin is only a "teenager". A decade from now would make it "an adult". Despite the ever-rising popularity of the cryptocurrency, there are still many places in the world that are quite distant from Bitcoin (either because of the lack of education/awareness or limited Internet access). We should wait a little longer before this problem is solved. Besides, it's yet the day where Bitcoin doesn't have a spot ETF. Gold does and it's "booming" like never before. I'd imagine the impact such an ETF would have over Bitcoin's price. It's likely Bitcoin will surpass Gold's market cap for the first time in history. The future can't be predicted, so lets hope for the best. |
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Obviously, such a question is also of interest to Changpeng Zhao, whose fortune in 2022 was estimated at $96.6 billion, and now, according to Bloomberg, is only $17.3 billion. And the main reason for this is that CZ is the largest holder of BNB coins and probably knows that you should not rush to sell your coins.
Regulators weighting in on Binance, has made the game more difficult for CZ. Especially the US' SEC with its aggresive stance against crypto. This has negatively impacted market prices for BNB. Unless the SEC stands down, don't expect the cryptocurrency to gain traction anytime soon. Despite the recent turbulence, Binance is still the largest crypto exchange in the world. I believe CZ can recover his fortune once the market turns bullish again. Friendly crypto regulations will allow him to expand his company's operations even further. It would be wise to buy BNB now while it's cheap before the huge "pump". Who knows if in the next 5 years BNB finally gets past $1k? Just my thoughts |
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That’s why, people make estimations based on calculations and historical graphs. I know predicting something in the future is almost impossible, but what we can do is estimations. And there is huge difference between the two. If I have to make an estimation about the price of Bitcoins, then in the next one year, Bitcoins are bound to cross 70k usd. This is because we have seen previously Bitcoins follow a 4 year cycle to reach new ATH price and next year is the 4th year. So yes there is high probability that this is going to happen.
There's no way of telling much Bitcoin will be worth in the future. What you can only know is when the market will turn bullish again. Increased interest/demand from institutional investment comapnies, as well as the block reward halving of 2024, tells us that a massive "pump" will happen soon. It would be unwise to sell your Bitcoin holdings now, unless you really need the money to survive. We may never see such low prices ever again. If all goes well, BTC may be able to reach a new ATH. The sky is the limit to how far Bitcoin can go. Who knows what will happen 3 years from now? |
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