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1501  Alternate cryptocurrencies / Altcoin Discussion / Re: I hope others will learn from this on: April 28, 2021, 02:49:45 PM


I think that's the developer's fault. The holders deserve the swap service that will be last forever. It's not fair for the old holders that didn't get any information regarding the swap will get useless token.
MZG was a garbage coin but it's not for pundi.
There are some services that gave the old holders ability to swap its token forever.
The team who has been giving deadline to do the swap just like cheating its old holders.
This is indeed a very big problem for token holders, especially now that the ethereum network is experiencing big problems with high transaction fees and many projects are moving to other platforms such as BSC.
For various reasons, we may not know about the exchange of tokens, and the project team sets a short time for this. Indeed, it would be fairer if one could exchange them at any time. Otherwise, it looks like cheating. Now there are already more than 9000 different types of cryptocurrency and this must be taken into account.
1502  Bitcoin / Bitcoin Discussion / Re: Can bitcoin last till infinity on: April 28, 2021, 02:33:40 PM
I believed that bitcoin will not last because of government policy is against bitcoin and many people is seeing bitcoin as a scam, so with such points I don't think bitcoin will stay till 2030, and if bitcoin stay till then that means it will stay till further notice.
Please am not here to criticised cryptocurrency but from the attacks government attacks crypto I think such will come in reality.

It is uncertain and it remains like that forever. It wasn't the infinity life I saw in Bitcoin but I believe that it still able to stay in the market for many years. I don't worried about being controlled by the government or they ban this because they do this already in the past years but it is still fine and perhaps, Bitcoin is growing more and more. This simply means that no one could able to stop Bitcoin unless people had no longer use this.

In my opinion, bitcoin will still be here in the year 2030. Somehow, the adoption is just starting to grow stronger. So in 9 years to come, I believe, bitcoin will still be here. And the companies/institutions joining this market will further increase. But definitely, we can't tell if this will be forever. As nothing lasts forever. But in the next decade,  I believe the existence of crypto or bitcoin will still be here. The use case of crypto and blockchain technology is still in the early stage, so I don't think it will perish in the next decade.
Cryptocurrency continues to evolve very quickly and now that more and more people are joining it, its development is happening much faster than before. Therefore, no one knows what will happen even in ten years. Now, for example, information has appeared about the tangle technology, which does not work on the basis of a chain of blocks, but on the basis of the so-called glomeruli, and it may turn out to be more convenient than the current one. For now, you need to work with the existing cryptocurrency and make a profit. Nothing is eternal.
1503  Alternate cryptocurrencies / Altcoin Discussion / Re: Will stablecoin be the next flashpoint In the cryptocurrency world? on: April 27, 2021, 08:22:04 PM
Stablecoin is not only a means of payment in cryptocurrency, but also a bridge between the financial property and the use property of the token.

The biggest stablecoin is the USDT for Tether, but I'm not bullish on it because it doesn't have a real entity.
The most successful one in my opinion so far is DAI, but it still has a lot of problems. I expect to see stablecoin with different solutions.

Standard Protocol is an innovative stablecoin project that I have seen recently.
Let's discuss with anyone who is also concerned about stablecoin.

How can someone be bullish on a stablecoin? I mean you don't use them as an investment and hope that they increase in value because as their names already say their price is stable. So their main use is, at least for me, to store you value safely, if you don't want to use it for a while and still don't want it to transfer into real FIAT yet.
As for which stable coins is the best. USDT is still the biggest so far but it has always this rumours surrounding it, that i may be not backed by real USD 1to1 anymore because the company made irritating statements a while ago, so many think that USDC is more secure for example.
With current private and other commercial stablecoins, it's pretty straightforward. But what the stablecoins of the central banks of states will be like and what their relationship with the cryptocurrency will be is not yet so clear. Moreover, in fact, one of the largest and first of them - the digitized Chinese yuan will not be based on blockchain technology. When stablecoins of states appear en masse, they may conflict with current stablecoins, and in this case, states can restrict their circulation up to a complete ban. Therefore, the story of stablecoins will still continue.
1504  Alternate cryptocurrencies / Altcoin Discussion / Re: SEC still wants XRP so badly on: April 27, 2021, 07:40:31 PM
U.S SEC don't plan on letting XRP escape it's grab, maybe probably they are XRP winning? Maybe this will be the first time that SEC lose a case? Read the new information surrounding XRP vs SEC that leaves investors trembling in fear

https://cryptoslate.com/ripple-faces-new-hurdle-in-legal-battle-against-the-sec/
I really don't know why the issue escalated like this. I thought it was nearly to close the issue and XRP wins but somewhat the hunt continues with a strong demand for possible closure or might be the seizure of XRP. This is bothering a lot for all XRP investors, this what I'm worried about, and the good thing I wasn't able to be attracted.

And now the problem arises, it could be the reason that XRP holders will do the panic selling. I foresaw a huge price decline a few days from now if the defendants won't help to solve the issue.
The ripple coin itself is not in danger. The SEC lawsuit states that if the violations are confirmed by the court, two specific executives of Ripple Labs will have to pay $ 1.3 billion in fines. Therefore, the court only decides whether the penalty will be awarded or not. Of course, this also indirectly affects the reputation of Ripple Labs and the coin itself. However, in any case, she will not be arrested or any other prohibition that would restrict her walking.
As for the subject matter of the claim, it is still difficult to determine what the final court decision will be, namely, whether ripple is recognized as a security or not. There is no established practice yet.
1505  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Altcoin season ending in may ? on: April 27, 2021, 04:57:53 PM
You have to explain in detail where you got the conclusion that the altcoin season will end that month. because what I have seen from the past few weeks it is very difficult to guess what will happen in the future because there are so many unexpected corrections as is currently happening. but the momentum is definitely there we just need to wait for time but do not know when it will come considering the current rally which is very difficult to predict.

As if there is anything like a season at all... Way too many unknowns, what if politics decide to crack down on crypto? How do you know whether that may happen today, tomorrow or maybe never?

The market is doing well and we'll find out when the "season" is over and the crash happens! Wink
Of course, we will find out when it happens. The last correction on April 18 also started suddenly as everyone was getting ready to see new price records for our cryptocurrency. When this happened, it was almost a shock to many. So it will be next time. Therefore, you need to prepare for a possible deep fall in advance. Apparently, sometime in June we will see a stagnation in the market, which traditionally will last until autumn. However, there is no guarantee that this will be the case.
1506  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Ethereum going to Die? on: April 27, 2021, 01:54:13 PM
I don't expect Ethereum to die soon. As long as it is continuing to be updated, things will be better for ETH. But there is a very big problem with the fees of course. Whenever people make a lot of transactions on the network, we see its reflection on the fee amounts. This can't go on like this and I hope it won't.

Conditions like this are not good if they last longer without a solution that can be realized as soon as possible, but the number of transactions on the ETH network that are still running makes the costs even higher, because inevitably investors have to pay them so that the transactions can be processed immediately, we just can hope ETH2.0 can be realized soon.
How can ethereum die with such high price growth, which is far outstripping even the growth of bitcoin. Now CoinMarketCap Shows Bitcoin Price Fall Over The Last Week by 1.8 percent to $ 54,685, while the ethereum price rose 17.2 percent to $ 2,548. Ethereum's transaction fees are gradually declining, and its scalability is expected to increase 25x in October. So the current ethereum problems should disappear completely soon.
1507  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Market Cap: Will it Bounce Back or Become More Bearish? on: April 27, 2021, 01:30:45 PM
In my opinion, now we can no longer talk about a bear market, but about a new price surge and new price records. Today, the price of bitcoin has already risen above $ 55,000, and ethereum has practically recovered to its previous high price before the fall and is $ 2,572.
There is information that ethereum's scalability is expected to increase 25 times in October. In recent days, the price of this coin has allegedly increased due to its massive purchase by whales.
I think the bull market will continue in the near future. There is no time for the bear season yet.
1508  Alternate cryptocurrencies / Altcoin Discussion / Re: You can't always hit the right target on: April 26, 2021, 07:06:03 PM
Its acceptable that any bounty hunter never choose their projects with 100% success rate but we are going like we never hit the target right based on current market condition for bounty hunters. How many projects oaid the participants with tokens which got some real value in 2020? I can bet it will be less than 1%.
One percent of the tokens that are in value that the bounty hunters have promoted with their labor in the past year is too little. I would rate the performance of bounty hunters at 20-30 percent. It is unlikely that I was the only one who was so lucky last year that I have such a high opinion of the projects of the past year.
However, it is true that when we join bounty campaigns, we cannot say in advance whether this project will be successful or not. Too many random circumstances influence this, and we cannot have broad information about the projects themselves. Therefore, our work is also influenced by intuition and luck.
1509  Economy / Economics / Re: Government policies help to grow the price of bitcoin on: April 26, 2021, 06:42:03 PM
what do you think

You're going to have to offer some examples on this. I'm not sure what you're getting at, there are too many ambiguities. Perhaps you could link to some direct legislation and explain their effects?

For instance, Nigerian government made a recent policy that band  crypto currency and its usage in the country,they even went to the extent of blocking all accounts that have ever engaged in crypto transaction but what did that lead to,it made it to be scarce in the country and all those who had it inflated there prices by adding additional amount to it and it became the most sought after crypto and its only sold on peer to peer level now
You can also add that the Turkish government recently banned the use of cryptocurrency as a means of payment. Russia is doing the same and India intends to do the same. So it's not so simple with the circulation of cryptocurrency as money.
Governments are now taking a closer look at Bitcoin and cryptocurrency in general. It is possible that if the cryptocurrency will have an impact on the global financial system in the future, then the governments will unite in order to regulate it more stringently. Some high officials are already calling for this.
1510  Economy / Economics / Re: FINALLY ALL MONETARY AUTHORITIES IN THE WORLD WILL ADOPT BITCOIN on: April 26, 2021, 06:09:42 PM
And in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others.
That's pretty much unlikely to happen, Fiat currencies could be at it's low atm, with devaluation, inflation/hyperinflation etc and also a struggling economy due to the pandemic to make things worst, but unfortunately, it's somewhat not possible for Bitcoin to become the only (single) means of carrying out transactions; newcomers to Bitcoin are always pretty much enthusiastic to suggest that, but the reality is that the use of Fiat currencies wouldn't diminish. Bitcoin is currency of control, freedom etc, that makes it slightly different from our regular Fiat currencies, and imo, BTC works pretty fine with Fiat currencies around (when they coexist), even when Bitcoin becomes mainstream, it still would be insufficient to be the "single standard means of transaction".
This phenomenon will be absorbed by the majority of countries in the world to then take strategic steps through the regulation of their monetary authorities in accommodating the existence of bitcoin. This was created because bitcoin was able to guarantee equal trust without intervention so that it was considered fairer and safer.
The thing is, the government do not want any currency they can't control, manipulate and print as much as they want, when they want it, and having said that, Government involvement or accomodation of Bitcoin ultimately results in regulations, which then erode the control and freedom it's users are in the network for.
Unfortunately, there is still no reason to rejoice. States, governments and their structural organizations in general are not yet going to use bitcoin in their calculations, and this is hardly worth counting on in the near future. If there are such cases, then they can be considered isolated.
Bitcoin and other decentralized cryptocurrencies are not suitable for states due to their "no-man's" nature, high price volatility and uncontrollability. There is no doubt that they will issue their digitized central bank currencies using blockchain technology. In addition, the higher the price of bitcoin rises, the more states will have a desire to regulate the circulation of cryptocurrency more stringently.
1511  Bitcoin / Bitcoin Discussion / Re: Peter Brandt believes that Biden may do a lot of damage to bitcoin on: April 26, 2021, 09:12:48 AM
I'm sure the damage wouldn't be that bad. The scenario last bi run is different now. Many institutions are joining the bitcoin herd. But this unexpected announcement by Biden surely get scared some of the investors that's why the market for Bitcoin is on sideways. I'm sure this is temporary and bitcoin will bounce back again as it on the trend of bullish sentiment.

I'm still bullish of that bitcoin will be able to reach 100k this year and more.
So far, we have not heard of an increase in the size of tax deductions from Biden himself. The costs of fighting the coronavirus pandemic are growing, the money supply is increasing very quickly, and inflation will also rise. In these conditions, Biden will be forced to raise taxes, otherwise even the US economy will not be able to bear such large expenses.
In addition, probably this issue will not be decided by Biden himself, but by the US Congress. Together they will come to some optimal tax figures.
1512  Bitcoin / Bitcoin Discussion / Re: Bitcoin dominance reach below 50% but back to over 50% in no time on: April 26, 2021, 04:53:27 AM
This reminds me of the 2017 bull market a lot. In late 2017 BTC rose so much, then it started lose its market cap to alts and the markets crashed completely later on. Right now we are having the alt pump (or we were) and if the history repeats, it means the full market crash is near.
This does not mean at all that events in each cycle should be repeated. This year, the situation on the cryptocurrency market is completely different than it was in 2017. Of course, after such an unprecedented rise in prices, the market must fall. However, it is not at all necessary that Bitcoin will fall in price by 70 percent, as it did in 2018.
Bitcoin dominance is now 50.4 percent. This means that despite the current rise in the price of bitcoin, investors are also paying great attention to altcoins. This is good as we are still looking forward to the continuation of the altcoin season.
1513  Alternate cryptocurrencies / Altcoin Discussion / Re: GAS fees on the ethereum network are slowly falling on: April 24, 2021, 05:44:35 PM
In recent days I have seen the price of GAS go down. which was above 100 is now starting to get closer to 50. This is very good for the future, what's more, the problem of the high cost of Ethereum transactions has been quite a while. The question is whether this will continue until the gas fees return to normal, or will there be an increase again as transactions become more intense on the ethereum network.

for those of you who want to see the latest GAS prices you can see it at https://ethgasstation.info/
Not completely good, it shows that lesser people are transacting with ETH at the moment, ETH team haven't fixed the high gas fee issue so I suspect that many people aren't doing transactions on eth network right now

Again this is also bad news for ETH miners, their daily reward just got more lower than before
This is good news anyway, and it means that those who still use the ethereum network can do so without being annoyed. Many now, including myself, simply do not make transactions on this network, especially for small amounts. Especially now, when prices in the market have dropped decently.
I have quite a few ERC-20 tokens, but I am waiting for the ethereum network to bounce back. I hope this will happen within a few months, after July.
Given the number of tokens issued on the ethereum platform, the popularity of this coin will recover in a very short period, especially if the update is successful.
1514  Bitcoin / Bitcoin Discussion / Re: Elon Musk please stop messing up the crypto market on: April 24, 2021, 05:19:57 PM
Elon Musk's actions do not irritate me at all. He does not force anyone to buy cryptocurrency. He does not even directly advertise it, as many do. Yes, just mentioning a certain cryptocurrency to them causes a significant demand among people for it. Apparently he is very amused by this. In general, it stimulates this market to grow. People themselves should think about what they are doing and be responsible for their actions.
1515  Bitcoin / Bitcoin Discussion / Re: Has the world become greedier since BTC? on: April 24, 2021, 05:06:31 PM
Since BTC and crypto everyone wants to get rich and earn a lot of $. Everywhere you look it's the same story, be it BTC or any other shitcoin. It's obvious not everyone will make it.

Yeah, getting rich is nice and I also hope it will happen for myself but I feel the society is becoming way too materialistic. Also the greediness level seems very high, everyone want to get more and more.

What's your view on this?
Of course, many now want to get rich with cryptocurrency. In my opinion, this is a normal desire. However, this reminds me of the "gold rush" period. Many people now invest in bitcoin and other cryptocurrencies, and then, in a panic, sell it with a sharp drop in price, suffering losses. This has happened many times before, and probably it will be so more than once.
1516  Bitcoin / Bitcoin Discussion / Re: Bank & Government Crypto on: April 23, 2021, 04:11:56 PM
If banks and governments create their own cryptocurrency, will the people still be the ones to give value to it like Bitcoin and will we be able to store it in our own ledger to protect our own money?
The cryptocurrency of governments and their banks will simply be one of the types of cashless payments. The external design will be different, but the essence will be the same: it will be money controlled by the state and the state will own all the information about their user. It is assumed that it will mainly work on blockchain technology and will have improved characteristics in comparison with conventional currencies of states. However, we have not yet seen how central bank stablecoins work in practice.
1517  Bitcoin / Bitcoin Discussion / Re: Now it's time for all weak hands to drop their Bitcoins on: April 23, 2021, 12:30:21 PM
Nothing to see here, back to $60,000 before August. Weak hands don’t deserve the great riches coming in Q4 2021.
Indeed, now the price of bitcoin and other cryptocurrencies can fluctuate in one direction or the other. It is possible that this will continue until autumn. But in the fall, it really can rise well. Ethereum may have resolved its high transaction fees by then. It should be interesting.
1518  Bitcoin / Bitcoin Discussion / Re: The old fiat days are behind us! on: April 23, 2021, 11:43:46 AM
I think it's a bad analogy since fiat has never made gold and silver obsolete. Maybe less used as a currency, but definitely not obsolete. I believe fiat will not be obsolete either, it's just going to turn into a digital version of it instead. Digital fiat will be a thing and will be more used than crypto imo. That's how I see it.
Totally agree with you. The national money of states will exist as long as the states themselves exist. It’s not even about the form of money, or even about their functional qualities or usability. States will only allow the circulation of money that they fully control. A striking example of this is the recent ban on the use of cryptocurrency as a means of payment by the Turkish government. Similar decisions can be repeated. It is better for a cryptocurrency not to conflict with the currency of states.
1519  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Ethereum going to Die? on: April 22, 2021, 04:43:32 PM
In my opinion, ethereum is not yet dead, indeed now that ethereum has very many rivals / competitors, the most visible thing is its competition with the Binance smart contract or what we are better known as BSC, of course BSC is the main rival of ethereum because of its advantages in terms of very Cheap gas fee. But on the other hand, ethereum has been around for a long time before the BSC, therefore there are many projects / altcoins that have integrated with Ethereum, this is what makes ethereum very strong.
When bitcoin had a price of about $ 64,000 prior to the last drop, ethereum climbed slightly above $ 2,500. It now has a price tag of about $ 55,000 and ethereum $ 2,637. This coin is still more alive than all living cryptocurrencies. Hopefully, with a successful update, the ethereum price will be above $ 5,000 this year.
1520  Economy / Speculation / Re: How low could Bitcoin go this time? after all good news is out on: April 22, 2021, 10:10:40 AM
As low as majority of holders are willing to sell at. Market sentiment determines the price of any currency and during a price drop panic usually sets in, making holders sell at a much lower price to cut their losses.
Currently there a new crop of Bitcoin holders, after different bull and bear cycles, people are now more aware of the value of a coin and willing to hold despite drops in prices. This should indicate that we should not have a huge dump as has been the case at the end of other bull runs.

I predict ~$30,000 to be the bear support.
For now, Bitcoin and potential altcoins in this market should continue their price growth. I think that until the end of June we will still be able to enjoy the bull market, after which there will be a longer correction and a dying out of activity until the fall. I do not foresee a big drop in prices in this market yet. The situation, of course, could change if unfriendly actions towards cryptocurrency are taken by states or their officials.
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