|
The cryptocurrency market is not anymore the same as what it was in 2017 when we saw an avalanche of altcoins that made it to the market...but also so many scams and frauds that made many people turned away from the whole industry. Right now, we don't see lot of good projects and the gems can be so hard to find...and even if you can be certain that one can be good nobody can predict if the market will also like it. I stopped supporting many project in 2022 and I just select a very few that I am sure can be long-term and I just "invest" some amount of funds with them. Bear market is the time to retreat a little, do some good searching and yes prod many platforms to continue on building as this stage of the market will soon be gone, anyway.
|
|
|
|
|
This is the survival game of the Terra team and it would be interesting to watch if it would result into a revived and much-improved crypto platform gaining back the trust, confidence and approval of the people it is serving. As for me, I can only wish everybody the best for the very sake of the people who staked and trusted on Terra's viability. And I am hoping that we will never have a similar story to unfold within this year...a story of this magnitude that shook the whole industry should only happen once a year. Now, is Luna 2.0 worth it all? I can only speak for myself and the answer is a big NO but surely many people can still make some big money out of this debacle.
|
|
|
|
|
There is a big reason why here in the cryptocurrency industry we are always hearing the big and the best advice to HODL...and it can because here we can experience the very meaning of volatility alive...right in our faces. I am sure that there can be the time when BTC is going to go beyond $100K...it was a big dream back in 2021 and if that can't happen in 2022 then there is no reason to believe it won't happen in 2023. Here in the crypto industry we are persistent, we are strong and we will not be discouraged.
|
|
|
|
|
Though I am not a part of the Terra platform in any way, I got affected - as do all of us here - because the downfall of its UST stablecoin can still be felt as of this moment in the whole cryptocurrency industry as we are experiencing a grave waves of reds for so many days now. Now, I always appreciate a platform that will do tis best to recover after a significant and potentially fatal fall. I am then wishing all the people behind Terra and all of its numerous holders and supporters worldwide the best in its struggle for survival and maybe eventual Phoenix-type of rising from the ashes.
|
|
|
|
|
Unfortunately, there are so many pro-environment groups that will never accept reasons or will never change course once they are focusing on a certain industry like Bitcoin so for them either the government make Bitcoin mining illegal or we are doomed towards the end of the world as we know it. And it can be impossible for anybody to convince them otherwise as theirs can be likened to being part of a religious cult. And you can find so many of them right there in New York.
|
|
|
|
|
As long as Bitcoin is not yet declared to be illegal in your own country then most probably you can find a real estate company that can be willing to accept Bitcoin as payment...but in case they don't then why not just convert your BTC to fiat cash and use the proceeds to buy a real estate property that you are eyeing - it would be almost the same story. Now, as pointed by another forum member here, this is not the best time to be buying anything especially real estate as the value of BTC is not going up so maybe the best thing to do is to HODL on and then just rekindle your desire once maybe BTC can be reaching its new ATH. Good luck on your endeavors.
|
|
|
|
|
Laszlo Hanyecz very much made into the Bitcoin history book as one of the first to prove that BTC can be used like an ordinary money. Now, had I been in his place i would not just buy pizza but also some coffee and maybe eve donuts with my BTC mined. We have many things to thank this man for taking the risks and for finding that pizza patrol for the transaction. And that is why we have an annual Bitcoin Pizza Day to honor the event, honor the man and honor Bitcoin. I am wondering what kind of pizzas were bought back then...
|
|
|
|
|
I am not familiar with this DEWO project...and I am so sad to learn that this has become one of the many in the long list of scams and frauds in this exciting cryptocurrency and DeFi industry. Just one of the many good reasons why I don't easily trust a project no matter how solid they presented things to be...there are so many scammers in this industry that trust has already become a very important commodity. Unfortunately, people who trusted them are ending up helpless...and maybe just accept the fact that this is another risk we are facing while being in here. So sad.
|
|
|
|
|
The man is basing his comments with the way Bitcoin is in right now and yes we have to admit that as far as payments can be concerned Bitcoin is not what it is supposed to be and that is why many are questioning its viability on this aspect. Now, when we talk about payments maybe he can be referring to everyday small transactions because for big transactions like buying a car, a house or anything luxurious I think BTC has no problem in there. In case the challenges will never be addressed fully, then maybe we should be looking at Bitcoin really like a gold...and there is nothing wrong with that per se while still waiting for the appropriate infrastructure that can make BTC as good player in the payment industry.
|
|
|
|
|
In case I am a president of a country and I am really in love with Bitcoin, then I would recognize Bitcoin more like a reserve currency and less as a currency that the people can use everyday for commerce. I will be promoting business that can be made with cryptocurrency and open up my country for mining and many related business connected with this expanding industry. This is because there is an extreme volatility in cryptocurrency and people may not love the roller-coaster ride of this currency...but definitely promoter this like a good investment opportunity option.
|
|
|
|
|
Since the official adoption of Bitcoin as a national currency, it would be easy to say that whatever is happening to Bitcoin can be affecting the country of El Salvador. Still, I believe that the people of this country generally are not yet depending on Bitcoin as their everyday currency as there will always be obstacles on this area that must be ironed out. The big problem as we are seeing always is the volatility of the coin...imagine today one can buy a dozen bread with his BTC in his wallet and yet the following day it would only be 10...that would be disappointing by an ordinary guy on the street...no wonder then that many are looking at BTC as something like gold in the real world and a big speculative asset.
|
|
|
|
|
Show Posts
