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In my own view, there are no known ways and means to guarantee that a certain project would not go south - or rugpulled as they say which is presenting an image to me of people holding empty bags as the coins/tokens they trust suddenly lost value. Well, I have to admit it that am one of the many victims of rugpulls even with those I analyze well and seems to possess no red flags prima facie. This is a big negative reality in the crypto industry as people show their greed either get the money or lose the money. I am looking forward that there can be solid solutions to this problem.
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I first started buying XRP in June last year and did so in the hope it could reach $7-10 this coming bull run.
I am optimistic with XRP too but I don't believe that in case there can be a real bull run it would be as high as $7. I would say that comes the time for its peak in this season, it can maybe reach as high as $2 or $3 with $1 very much reachable. We know we are still waiting for the final verdict on this case and once XRP will get a positive ruling against SEC then it can help the coin go parabolic. XRP remains a solid "investment" though and is really worth holding for now. |
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Now, I have a friend who is educated about Bitcoin digital currency but doesn't have the capital to invest on it. Meanwhile... He is considering to take loan from his relative to pay back within the range of 2years. This is to say he would have such range of time without a panic to pay back. Hmm.... Please does it sound good quite understanding the volatility nature in the Bitcoin industry?
Well, as what you said there will be no rewards without any risk involved so if your friend is ready with the possibilities of his venture then it is time to give it a go. Now, in life as well in trading there is no guarantee so it can either be prosperity or bust. Borrowing from relatives and friends who also are oriented with the situation can be a good idea rather than borrowing from banks or leading institutions or hell shark lenders. I am then expressing my good luck to your friend and maybe you can also help him from time to time most especially moral support and make things clearer for him so he won't be another victim of bad decisions while trading Bitcoin. |
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Good to read this here and this remains to be educational after years of posting which may not be found anymore originally. Now, I believe that for the time being and can also be true for many years to come, Bitcoin will remain to be the crowned King of Crytpos because, first and foremost, it is the leader of the pack and where it goes so does the rest of the crypto community and the altcoins. Even Ethereum which is the second largest crypto could not yet toppled Bitcoin and I think it terms of use and features the two are travelling away from each other so I would say Ethereum to not anymore be the heir apparent to Bitcoin. I guess there is nothing that can come close to Bitcoin in terms of impact it created with finance, money, banking and maybe even international commerce. There are flaws, of course, but those do not stop Bitcoin from being on the top.
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He lies, the table shows that.
Of course, he lied. And he has had been a liar since many years ago when he started attacking Bitcoin and then for all we know the financial institution he is presiding is actually making good amount of money with cryptocurrency and with the coming in of ETFs we are seeing JPMorgan Chase an active participant on them. Now, this is showing us that sharks can really smell money miles away and would like to have a slice of the pie and eat it too so as to satiate its greed for money and power. We should not really listen too much on Jamie as far as cryptocurrency is concerned because he is a conflicted man at the very least. |
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Let assume you only have $1000 and you can put this money in 1-5 projects but they all have to be either old tokens or new tokens that you'll be buying. Which one will you go for, for those that will think they can choose the two type of projects, that won't be possible. I'm trying to see where the attention of investors go when selecting tokens to invest into for the altcoin season.
That all depends a lot on your appetite for risk. Certainly, new projects can be a lot risky compared to older ones which can already be tested by time and the forces in the market. With new ones, there is that potential to go 10x or even 100x in some cases but they can also be dead anytime or even turn around and just go 6 feet under the ground (scam). Old ones got proven history on their side and for sure the team behind them are already known to be professional and will not easily break down with different challenges and problems. Personally, I would have a mixed bag of old and new but if you insists that I just choose one category then I go for old ones...but I am limiting my choices to those that I got still got more room for growth. |
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As these developments unfold, it raises the question of whether cryptocurrencies with strong utility have the potential to be a wise long-term investment.
Yes, with strong use-cases a crypto-based platform has more chances to be stable and create a solid niche in the crypto market. Without verifiable and viable use-cases, then we are just dealing with shitcoin. Now, with that view, it should be noted that even if use-cases can be so good there is still no guarantee that a coin will last as it would be the market that will determine the eventual winners, just like the same we can see all around us in many different industries with cryptocurrency not exempted. But with well-polished uses-cases and a professional team behind the project, those can be a bright, reliable start. |
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Some experts on ETF are saying that what happened to gold has more chance to also happen to Bitcoin. With the approval of ETF, the asset is already considered to be mainstream, regulated (maybe in indirect sense) and with that there will be less volatility which is a two-edged sword, so to speak, because we could expect Bitcoin to grow slowly from now on. So the expectation that Bitcoin would be worth a million dollar within some years may not come into reality, sad to say. Now, this is just my humble opinion, anyway.
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This is quite so funny to be listening to man named Jamie Dimon pretending to be an expert with something he does not fully understand. Just because he is a well-known and talkative CEO does not give him the front row knowledge on Bitcoin and in extension he does not know Satoshi Nakamoto and his whereabouts, in the first place. He is just essentially spreading non-sense as usual and the media is taking his words for the sake of eyeballs or traffic. For all we know, Jamie Dimon actually some hoard of Bitcoin somewhere because he is greedy too...and maybe he is planning to buy more at a lower price that is why the FUD.
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I am one of the many Bitcoin enthusiasts who are hoping that with the approval of ETF the price would skyrocket and would easily reach a new ATH and maybe even go beyond $100K. Alas, we are so disappointed as the price came down below $40K, though as I am writing this it is already back at around $42K. The ETF approval then became a "sell-the-news" kind of thing and it was not enough to hold the line and push BTC to the moon. Now, analyzing what happened, I also realized that it is still too early to conclude on ETF so I am giving it at least one year and from there on we can see clear patterns.
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And I'm worried that my child will be called Bitcoin when he grows up, and I also feel uncomfortable if there are questions about Bitcoin because I'm afraid of answering it wrong.
You don't have to worry on that but should instead be happy and proud because your child has now become a living advertisement for Bitcoin. Certainly, many people would be curious to know why he is nicknamed as such and the story behind it. I am sad, however, that it seems to me it is hard to do cryptocurrency business in your own country. This is actually my first time to hear a story on this nature and you should be proud to be the first one in this forum. Now, am planning to get a dog and named it Bitcoin so my pet will officially be a cryptocurrency. |
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I am using P2P in converting my USDT to my country's fiat money since it is very convenient, fast and safe (depending on the crypto platform, I guess). Since Binance is still operating here in my country, it is the most popular one and is the top choice of many and since we already have money app used by millions, transactions will be done in minutes. Right now, I am actually concerned since Binance has no proper regulatory permit here in my country to get involved with this business but I am hoping they can fix this problem ASAP. Now, I am not familiar with any other P2P platforms and because of that I could not recommend them to anybody.
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Made mistakes with your Bitcoin in the past...that you still regret or at least considered to be a wrong move especially considering the price of BTC these days? Three years ago, I got bored with the movement of Bitcoin so I look for other good alternatives which I can use to replace...unfortunately I decided to go for BTCV all in. And it was a big horror because two months after the price of BTCV dropped to just 30% to when I bought them...got no choice but to cut loss. Please share your story here if you have one so we can learn a lesson or two... |
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I am just wondering where is the proceeds of this transaction will go to? I am assuming it must be to the national treasury and the government can use to anything it wish to, right? Anyway, I am not convinced that this sell - actually it is a bidding so no selling the BTC in the open market - will have NO impact in the price of Bitcoin short-term or long-term. This is just a news of the government getting rid of something they acquired or confiscated.
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Imagine that during a financial meltdown there is a cascade of banks failing and closing. What would happen to the bitcoin price? Would it rise because of hyperinflation or would it crash because there is no liquidity to enter the markets?
As for the USA economy, I am 100% sure that it would be experiencing a catastrophic collapse with much more magnitude than what happened in 2008 - this is a big question of WHEN and not of IF. Now, when this can happen the USA Dollar will be heavily affected and coupled with dedollarization movement lead by China, Russia and their allies, there is that big chance that its value will dramatically fall putting more pressures on inflation...now people would be looking for good ways to protect their assets from melting down and that is where Bitcoin can come in handily and if this can be the case then we can expect the BTC price to skyrocket. |
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Well, of course this $118 million worth of Bitcoin is nothing and I would say will not be making any dint in the overall market's direction plus this sale is to be made via bidding and will not be sold in any exchange...so essentially this would be just a change of ownership unless of course the new owner would deliver his BTC to Coinbase for example then it can have a limited impact. Maybe it is really time for the USA government to slowly get rid of the BTC it accumulated from Silkroad as it does not have any business in this arena.
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