Have you ever found yourself a victim of stablecoin censorship? There are records of stablecoin issuers freezing or limiting access to stablecoin funds they deem suspicious. To my knowledge, both Bitfinex (issuer of Tether/USDT) and Circle (issuer of USD Coin/USDC) have been doing this for quite a while. If these entities do the exact same thing banks do, why are stablecoins rising in popularity? Investors could lose it all in an instant without even knowing it (unless they check the blockchain, of course). See for yourself proof of stablecoin censorship here: https://dune.com/phabc/usdt---banned-addressesAnd here: https://dune.com/phabc/usdc-banned-addressesThoughts?  |
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After conducting a thorough cross-check, it turns out you're correct; it does seem quite challenging to assert that ETH is 100% decentralized. Amazon has gained control over 52% of the nodes, which could potentially pose future complications. ... img sourceHowever, as of now, a significant amount of attention still flows towards the top two altcoins, ETH and BNB. This suggests that they may no longer prioritize the concepts of centralization and decentralization. Is the crypto industry drifting away from the decentralization ideals initially introduced by Bitcoin? Are investors leaning more towards monetary gains rather than idealistic notions? I think so It has always been about money. Why do you think "Wall Street" is interested in crypto/Blockchain tech? It's not because investors believe in decentralization, but rather in making lots of profits with the new trend. As a result of human greed, Ethereum and most other cryptocurrencies have turned centralized. We're only left with Bitcoin as a truly-decentralized cryptocurrency no one can stop. It may be too late for the ETH developer team to fix the network's centralization issues, as there's a lot of money invested in the platform. Big exchanges and companies wouldn't want to approve something that affects their profit stream. At least, we'll have Ethereum Classic (ETC) to keep us by. Just invest responsibly, and you'll have nothing to worry about.  |
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This is good advice but not really recommended because the safest thing you could do is save your cryptocurrencies in your personal wallet and no 3rd party exchanges are involved because they have their own owners and are prone to hackers and scammers. In order to protect your crypto especially when you have a huge amount of it, you need to acquire a hard wallet that has some good security and convenience to use because you gonna save your crypto there for a long time when you want to save and hold certain coins for long term.
What good does it make to use a hardware wallet when you'd need to eventually move your coins for trading? The security lies in the exchange itself. Not your wallet. Your best bet would be to only send the amount your willing to sell in a centralized exchange. For large amounts, decentralized exchanges (DEXs) would be the way to go. People just need to follow proper security measures to avoid losing it all in an instant. It's just that the majority is not willing to put their time and effort to do this. Everybody wants "the easy route". Convenience goes on top of everything else, right? Hopefully, people will realize CEXs aren't as safe as they claim to be. As long as decentralization wins, nothing else matters.  |
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After reading through your post, I didn't see any important point you stated here about why Bitcoin will help you fulfill your dreams, your post is centered only on the middle class, and removing the ordinary man who also needs Bitcoin to get his dreams fulfilled from the picture. Bitcoin is meant for everyone to profit and not only for one set of people "middle-class".
However, there are other dreams that Bitcoin helps bring into reality, not just the profit side, Solving the problem of cross-bother payment is also a dream come through for some people. Secondly, the ability to be in charge of your money (the only freedom form of money in the whole world ) without having to rely on any bank to save money, a lot of people dreamed of this in the past but today is in reality and future dream for people who are yet to embrace Bitcoin.
For truly-decentralized cross-border payments, Bitcoin is a dream come true. But it's definitely not a way of getting rich quick. Most people don't understand this, because they're often blinded by greed. If we treat Bitcoin as any kind of money, things would've been different. There's nothing we can do about it, especially when "Wall Street" has joined the game. Now everyone wants to get rich with Bitcoin without any effort. It's a "free" (as in liberty) cryptocurrency, after all. As long as it does the job it's supposed to, there should be nothing to worry about. Who knows what the future will bring to the cryptocurrency?  |
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I feel like Americans may start to argue with FED's money printing decisions if this keeps on going. In many countries people are more used to inflation. But not in USA. People are probably worried about it a lot. I was reading especially about oil prices. So anyways I agree with you as American dollar may lose a lot of purchasing power in next 30-50 years so we may experience raising value even in Satoshis. But I don't think it will be as big as op says.
If the "money printer" goes "brrr", then you can expect "hyperinflation" to plague the USD. Once that happens, BTC market prices will rise all the way to "Mars". If 1 sat goes all the way to $1, developers can easily make Bitcoin more divisible (fractional satoshis) to make it affordable to everyone. No one knows if this will happen, especially when the crypto market is unpredictable. BTC could either go up in the future, remain stagnant, or go all the way down the drain. What matters is utility, not the price. As long as Bitcoin remains a useful cryptocurrency, nothing else matters. Just my thoughts  |
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I wouldn't be bold enough to say that it won't happen, because I do not have some talent to guess the future price and if I did then I would be a millionaire by now. However, I can say that about 750k to 1 million range should be reserved for at least one more halving if you ask me, like I said I can't guarantee anything but it sounds like it would make a lot more sense that way. Obviously it is not going to be easy to make that decision, but we should be careful about it one way or another.
In the end, we are going to end up with something that would be higher, and as long as it is higher that should make us happy. If you get caught up with expectations that are way too high like this then you may not feel happy even if it goes up.
There's really no way to tell how market prices will react in the long run. All we can do is speculate based on past market performances. If demand continues to grow over time, it's very likely Bitcoin will reach a market price of $1m. The question is not if, but rather when. I'm in no hurry to see this happen, as long as Bitcoin fulfills its intended purpose. After all, it's not about making money. But rather, using Bitcoin as an alternative to Fiat. The market is widely unpredictable, anyways. Therefore, we should expect the unexpected. Just my opinion |
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Running bitcoin nodes on the moon? Are you kidding? Bitcoin is simple because it is decentralized and governments cannot control it, it is not an evil thing that will endanger or destroy humanity so there is no reason for all governments to find how to destroy it. It is just a financial instrument and there will be countries that ban it but there will be countries that accept it, so we don't need to stress too much about keeping it alive. What I think is that as long as our need for it remains, nothing can kill bitcoin.
Sure. Why not? If things go south, we can launch nodes in space for complete peace of mind. That's the beauty of decentralization and open source. If Bitcoin was centralized, this wouldn't had been possible. I seriously doubt all of the world's governments will "ban" Bitcoin, since they will be missing a huge taxation opportunity. Some will reject it while others will embrace it. The more nodes and miners backing the Blockchain, the better. The network is constantly growing, so don't count on Bitcoin going anywhere soon. Governments will have no choice but to join the revolution. Who knows if BTC lives alongside Fiat for generations? |
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I like Solana for its transaction speed. But right now Solana is down and needs something to recover. Solana is focused on developing a highly scalable, secure and decentralized blockchain platform. These three things result in a blockchain that can process transactions quickly and at low fees, as well as an ecosystem that supports the development of hundreds of new crypto applications. This is what makes me think Solana is Layer-1 network that could be an Ethereum killer.
I see that they are still active and have appeared in several articles stating that they still have a great future as long as they can find a solution to fight the SEC.
If it's centralized, it cannot be considered an "Ethereum Killer". Solana often sacrifices decentralization in favor of fast speeds and low fees. While ETH became less-decentralized with the transition to PoS, it's still the most reliable smart contract platform in the world. I believe that's ETH's main selling point. The constant network outages and the FTX collapse has led to a massive downfall in Solana's price. I doubt it will get back on its feet unless developers address inherent issues on the blockchain. Once Solana becomes a reliable smart contracts platform, it will have the opportunity to rise among the top-ranked coins in market cap (probably within the top 5). Things will be even better if FTX makes a comeback. The future is widely unpredictable so we can only hope for the best. |
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ETH can only stay king if developers don't sleep on future research to make it always better
With ETH turning centralized by the day, I doubt it will retain its position as the "King of Altcoins" for long. That's assuming the majority sides with decentralization. But considering that most people don't care about this, it's likely ETH will remain centralized forever. A pity, because this moves the project away from its original vision. If Ethereum (ETH) wants to be the "decentralized platform for apps", developers would need to put an end to centralization issues first. As a last resort, we can always switch to another network that values decentralization and censorship-resistance. Ethereum Classic (ETC) seems to be a viable ETH alternative that puts decentralization on top of everything else. The crypto market is widely unpredictable, so expect the unexpected. |
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i honestly don't care with all these news, because every coin doesn't matter how big could definitely have the chance of collapsing, i don't think USDT is an exception.
whats important is to simply watch out for the news about the collapse of the stablecoins.
because that way you can exit the stablecoin and retain your money.
Exactly. Even Bitcoin can collapse in the future. For what I know, nothing is guaranteed to last forever. Only you are responsible of protecting your funds from undesired events. By taking the necessary security precautions, you'll avoid losing it all in an instant. A Tether collapse would surely make a huge impact on the crypto market. In a bad way, of course. I doubt investors will trust stablecoins again after such a disaster. Who cares about stablecoins when crypto was meant to eliminate the middleman in the first place? Truly-decentralized cryptocurrencies like Bitcoin and Litecoin will be the ones that will last a lifetime. The rest will simply fade away into oblivion. With CBDCs right around the corner, we can finally say goodbye to stablecoins for good. Just my opinion |
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The problem with many people is that they think that if they invest all their money in cryptocurrency they will become rich very soon. But unfortunately the opposite happens and they lose all their money and remain in debt. But this is not the problem of CEX or DEX, it's the problem of people who can't manage their money properly.
Exactly. You can't lose if you only put a small amount of coins in an exchange. Unfortunately, most people believe CEXs are reliable custodians like banks so they leave their coins and forget about the rest. Convenience goes on top of everything else, right? Because of this, we should expect another major crypto exchange from collapsing in the future. This simply can't be avoided. At least, it's not that bad. CEXs may be a constant victim of hacks and closures/seizures, but they often have good liquidity and unmatched performance. DEXs are safer but they have low liquidity and are often expensive to use (due to increasing network fees). Which exchange to use is entirely up to you. As long as you act responsibly, there should nothing to worry about. |
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It's probably because of the hype. Solana faced network outages in the past, so I doubt it will gain traction again. I'm yet to see how long Solana will be able to withstand high network activity until the next outage. For such a centralized blockchain, this is to be expected. I'd put my focus on decentralized alternatives with a proven track record of development and innovation. ETH is a better option, especially with L2 networks such as Optimism and Arbitrum. You will get cheap TX fees and fast confirmation times without sacrificing on security/reliability/decentralization. It's a win-win for both the network and the user itself. Who knows if SOL becomes a worthless "shitcoin" in the future? |
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The business concept isn't unique but isn't in demand by the general public. NFTs can indeed serve as a presentation of an artwork collection, but many people create ones that are far from unique, like generating avatars with monkey images and glasses. Almost anyone can create these, even with automated tools like AI. This makes them entirely non-unique.
Initially, the arrival of NFTs was meant to facilitate artists seeking patent recognition for their work. As it turns out, the conventional methods are still more relevant than engaging in bidding wars over NFTs. NFTs have truly been a hype that adorned the world of altcoins. Many have been fortunate, but there have also been quite a few losses. It takes a wise strategy to maintain NFTs in the crypto world.
That's certainly true, mate. It's so easy to create an NFT out of publicly-available tools on the web. People have gone as far as copying an image from the web and making it an NFT for instant profits. This worked at first when the NFT industry was just starting to blossom. Nowadays, investors are interested in "meme" coins and in-game items as NFTs. Unfortunately, the vast majority of NFTs on the market are nothing but pure hype. It's this reason why 90% of NFTs are worthless. Unless NFT creators step up to the game, don't expect the industry gaining traction anytime soon. Just my thoughts |
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Even though it's true that governments and central authorities find Bitcoin to be a threat to the financial control that they used to have over their citizens because as more people start getting interested in Bitcoin and start using it, they start losing full control over the finances and financial activities of people since they might not be using banks and other financial institutions that have been around for centuries and they can't digest that very easily.
However, I don't think that there will be any mass protests or anything if governments simply start banning the usage of Bitcoin within their countries, people will try and use it behind the scenes without letting anyone know so that they don't have to face any legal consequences but they will barely raise their voice for it.
Only if they're lucky. In a country where something is "illegal" you must exercise extreme caution to avoid getting caught. Not everyone is brave enough to do this, especially if the country has an autoritarian regime (eg: North Korea and Russia). Fortunately, this won't affect Bitcoin due to the way it was designed. If a country rejects Bitcoin, others will support it with open arms. In the worse case scenario, we can run nodes and miners in space (the Moon, maybe?) to help preserve the BTC blockchain for generations. To take down Bitcoin for good, the whole Internet must be shut down. And we all know that's virtually impossible to achieve. Who knows if oppressive governments will change their mind about Bitcoin in the future? If you can't beat it, join it. |
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One of the latest studies conducted regarding the NFT market found that 95% of NFT collections have a market capitalization of 0. The unveiled reality of the NFT market: 95% of NFTs have a market cap of zeroThe bearish market has been affecting the whole crypto industry downside, but regards NFT niche, it has been worst. Almost all NFTs have a market cap of zero, meaning investors and adopters have completely lost interest for them after so much hype and excitment we saw during the year of 2021. Does it mean NFT is a scam sector of crypto market, or is their concept good, but the execution of the projects are wrecking everything? Is it still possible for NFTs to recover their credibility? This is not surprising, especially when most NFTs have no real use cases for the world. The vast majority of NFTs are simply "JPEGs" obtained freely across the web. They were only created as a means to enrich developers (creators) themselves. Not to bring value/utility to the blockchain. Same goes for "meme" coins. Until the NFT market matures, don't expect the trend to be taken seriously anytime soon. With RWAs (Real World Assets) right around the corner, I'm yet to see whenever digital art or in-game items as NFTs will become a success in the long run. Crypto often comes up with surprises, so anything's possible. Just my thoughts |
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A Dogecoin video artist just helped create an animation for Twitter’s “X” logo that was picked up by Elon Musk.
Dogecoin (DOGE) shot up another 10% on Tuesday on greater excitement surrounding Elon Musk’s rebranding of Twitter to “X”. Tuesday’s rise follows a related post on Musk’s Twitter, where the tech mogul appeared to link X to the famous dog meme. Source It's great. But I don't think such news had to do anything with the recent "pump" in Dogecoin's price. More like someone else is manipulating the price to his/her own benefit. It could be Elon Musk or whales trying to "play the game". You can never expect much from a "meme" coin anyways. Elon Musk promised investors to integrate DOGE with X (formerly Twitter), but nothing has happened so far. If he is serious about DOGE, he would keep his promise. All I see is an opportunist waiting to fool investors for his own benefit. A pity to those who invest blindly based on someone else's opinion. With the hype coming to an end, it's likely DOGE will return to sub $0.01 market prices in the future. Lets move on to the next big thing in crypto, shall we?  |
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Hayes thinks Bitcoin could become really valuable, like between $750,000 and $1 million by 2026.-Bold Crypto analysis
... Bitcoin has been doing well lately, going up by about 29% since March. It almost hit. $30,000 but didn't quite get there. Right now, it's worth more than before when it was around $24,000. Arthur Hayes the cofounder of BitMEX, has a big idea about what might happen with Bitcoin in the future. While banks around the world are making it harder to get money, Hayes thinks Bitcoin could become really valuable, like between $750,000 and $1 million by 2026. https://www.cryptocrit.xyz/2023/10/crypto-analysis-could-bitcoin-hit-1.html Predictions are predictions. What matters is solid, concrete results. And so far, the market is nothing but bearish. For BTC to reach such a high price, something big needs to happen. I believe the global economy needs to recover before the money starts "pouring" into the crypto market. Once everything goes back to normal, investors will be buying BTC like crazy (effectively "pumping" its price). We can't expect prices to "magically" go up when the world economy is falling apart. It seems that central banks' measures aren't that effective in putting inflation under control. An expensive cost of living, means less people will be interested in buying and holding Bitcoin for the long term. 2026 is only three years away. I doubt BTC will hit $1m within such a short amount of time. The only scenario where this would happen is if the USD experiences hyperinflation. No one can predict the future, so lets hope for the best. Just my opinion |
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In the early days, no one would've imagined Bitcoin to become as big as it right now. After the first Bitcoin exchange went live, prices started to gradually gain momentum. If BTC went from $1 to $69k in just a few years, imagine how high it will go 1-2 decades from now. That's assuming demand stays high and block rewards continue to decline over time. It's funny to think how exchanges went from something "humble" to something as big and powerful as banks. Nowadays, these entities hold "all of the cards" in the crypto/Blockchain industry. They can either move Bitcoin prices up or all the way down the drain in an instant. That primitive exchange (NLS) paved the way for centralized exchanges to take over the market. If it were decentralized, things would've been different now (decentralized exchanges dominating the market). At least, NLS helped introduce Bitcoin to the world. It's only been 14 years since BTC's inception, so I'd expect many great things to come in the long run. Just my opinion |
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I honestly do not know why you are thinking of that. There’s also a previous thread I saw a long time ago whether Bitcoin should be a national currency or not. El Salvador made it happen so good for them.
In my own guts and instincts I certainly think Polygon as a national currency is impossible. Although I commend about their developments especially that I have been using them for a while in my DeFi transactions, they are not capable of being a “national currency”, given their own status like the market cap, worldwide adoption, etc.
As Bitcoin is already the OG and the most popular one, certain countries are already adopting it as legal tender. As for Polygon, I do not see it coming anytime in the future.
That will never happen because Polygon is an altcoin. This means Polygon is inferior to Bitcoin in terms of security/reliability/decentralization. Countries, and especially investors, want something safe and reliable. Bitcoin is the answer, because it's sound money that started it all. Without Bitcoin, none of the other coins would exist. The only altcoin that might become a national currency (legal tender) after Bitcoin is Ethereum. That's because it's the second-largest cryptocurrency in market cap with a tried-and-tested blockchain network. Not to mention, ETH's ecosystem is the largest one available worldwide (after BTC). I'm fine with Polygon just the way it is as long as it doesn't turn into a "centralized shitcoin" in the long run. Who knows if it will live alongside BTC and ETH for generations? Just my thoughts |
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You can buy Bitcoin at the bottom if you have your buy order already set before the market dips to that price. Don't hold your fiats and be monitoring the market because you can't buy the bottom that way as you saint that the bottom don't last long but when you deposit your fiats to the exchange and set your buy order to the price range that you believe will be the bottom, when bitcoin price reach that price, the exchange will automatically buy some Bitcoin for you.
Many individuals want to buy at the bottom because they want to get more quantity of Bitcoin and using automatic buy options can get them that. I don't mind buying Bitcoin at any price that isn't the all time high because I know when Bitcoin returns to the all time high, I can sell my Bitcoin and make profits.
Exactly. You can automatically buy Bitcoin at a low price in a centralized crypto exchange. There's nothing stopping you from doing it. The reason why many people hesitate to get into Bitcoin now is because they believe prices will keep going all the way down the drain. If you buy now and prices decline, you will lose a substantial amount of your investment in the short-term. Long-term speaking, you should be able to make huge returns with every bull market. What you do with your money is entirely up to you. Knowing that Bitcoin was designed as a deflationary cryptocurrency, it's likely its value will continue to increase over time. I'd suggest you take advantage of the current bear market to buy Bitcoin at a hugely-discounted price. Once it hits a new ATH, you'll never be able to buy at these low prices ever again. Play your cards right, and who knows? Maybe you'll become the next "Bitcoin millionaire". |
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