Not only Wrapped BTC but soBTC de-pegs too. Many tokenized BTC token on the market and I really advise people to be aware about risk of buying these tokens which are not real Bitcoin. I fail to understand why people can spend thousands of dollar to buy these tokens but not buy BTC (real Bitcoin, not tokenized Bitcoin).

See the list https://www.coingecko.com/en/categories/tokenized-btc and never touch these tokens is my advice.

You can use it today as I checked a couple of minutes ago. I knew that you implied about issue (error) on the Gold Marketplace a few days ago when we can not get an exchange rate if we choose ETH as an exchange method. Anyway, it is fixed now and the marketplace works smoothly today.

I guess that it is a problem to detect price of ETH then use it for the exchange rate between GOLD token and ETH.

In future, when Bitcoin crosses $100k, nobody will mind about $4,000 in difference between $20,000 or $16,000 entry prices. Is what I say true? At that time, people just hope they can travel back in time, to buy Bitcoin even at $50,000.

Bear market is good to DCA Bitcoin especially in a bear market which lasts about a year like now. This bear market is not over and price can be lower than now but we are in or very close to the bottom area.

Time to DCA with Bitcoin and hodl strong. After you buy it, you should ignore short term movements if you don't have strong mentality because if you overlook at the market, you will panic sell.

It takes years to build up your reputation but it can be collapsed in a few hours, few days like Sam Bankman-Fried with FTX collapse including FTX US.

With his interest in cryptocurrency, he will not leave this space and he will continue to engage in cryptocurrency similarly to Do Kwon of Terra. I only question whether Do Kwon and Sam Bankman-Fried will have to spend years in jails after all bad things they did.

If jails are not places for them, I am sure they will continue to play around with cryptocurrency but they will more difficult to receive support and crowd funding like in the past. Their terrible record can make investors very fearful that prevent them to fund new projects from Do Kwon and Sam Bankman-Fried.

They are interested in profit and forget about others. Basics about risk management, wallets, security and safety for their cryptocurrency in non custodial wallets or in their accounts on centralized exchanges.

First of all, you must tell them about risk in cryptocurrency, recommend them to stay away from leverages, future tradings.
Second, you should teach them about basics of cryptocurrency wallets: custodial and non custodial wallets, what they should use, and how to back up then recover their wallets. Also remember to tell them backup their 2FA code if they use a centralized exchange.
Lastly, don't invest for them on behalf of them. It's their capital so let's force them to invest it by themselves

Previously, many years ago we had Mt. Gox and beyond cryptocurrency, we had Golman Sach collapse too. They did not stop the world or financial or cryptocurrency market forever.

Blackswan events occur mostly at start and nearly ending of bear market. Terra can be a start, FTX can be an ending black swan events of this bear market.

Advantage is it will require governments to do more regulations. They can not deny to govern their societies including crypto. In long term, people will mostly forget these collapses because people basically are very careless and easy to forget their past lessons. Who can learn and remember these collapses to manage their crypto portfolio and risk better, are winners in market.

It is only good for crypto in the long run because without the collapse of FTX and later leaked information about their bad capital management especially parts from their customers. With this lesson, I am sure other exchanges will learn from it and be more carefully with their management as well as give more transparent reports to their customers.

Changes won't be done shortly but in the long run, as you asked, it will lead to high positive impacts for cryptocurrency users especially who use services from centralized exchanges.

This is a very good performance within recent chaotic months with so many terrible depegs. The Digital Gold token is strong against depeg because it is designed correctly at beginning. It is designed to be backed by real physical gold bars which are qualified and stored at secured and trusted vaults in Singapore.

It is transparently presented at Gold website and we can always check available gold bars in vaults at Bullion Stars website.

It would be a big advantage for users but with Ethereum network, basically we don't have it.

I expect to see a big green candle in next 6 to 7 hours, after gold has a closed candle above $1750 today.

Gold has been controlled at low prices too long and it is enough for it to break out. The break out if happens, will cause a very big fomo on gold enthusiasts. That is good for them (physical gold holders) and of course for digital Gold token holders like us too.

What do you think ?

By looking at many forks of Bitcoin which turn to be dead projects, dead networks, I don't expect good future for ETHW.

How Many Bitcoin Forks Are There? You will be surprised!!!

If you use Coinmarketcap or Coingecko and search with Ethereum to find Ethereum forks, you will find many coins which have Ethereum in their names. Not all of Ethereum forks have Ethereum in their names and there are actually more forks than results when you search with Ethereum keyword.

They will return but not in this bear market and when people are very panic, fearful, uncertain about what they should do after the collapse of FTX exchange and FTT token.

They need time, months to digest this collapse, to reduce their fear and they will join market again in next bull run. It is more easily for cryptocurrency developers to launch new projects, to raise funds in bull markets. When people are positively about the market and future of blockchain and especially have profit temporarily, they are more easily to spend money to invest in new projects.

Ethereum is more centralized than Bitcoin.
BNB is more centralized than Ethereum.
TRON is more centralized than BNB.

Other shit coins are more centralized than TRON too.

The latest lesson from FTT collapse is very good to prove centralization of altcoins. If FTX and FTT are not very centralized, they would have not been collapsed too quickly ad easily like that.

We can take the buy zone of SBF to consider a bottom for $SOL but Solana is not FTX and FTT token that are more connected to SBF and Alameda.

Solana is a different project and if their developers can resolve its technical drawbacks and if it can survive in this bear market which might last one more year, Solana will be able to rise again in a new bull run.

When a new bull run begins? It will be warmed up in late 2023 and will take off in 2024, maybe in Q2 2024. One more year to know about future of Solana and please keep it away from SBF and FTX.

In my opinion, if a football club can go bankruptcy, a fan token can go to zero. Using this example by which I meant, not all fan tokens will help you get rich. Even if a fan token can make some people richer, it might not be you.

Because patience and good entry and exit prices are keys to help you get rich or get loss. It depends on your decisions, your patience and the market too.

For fan tokens at the moment, I think it is a little bit late to join.

For me, it is not good time to buy Solana. I don't say Solana is too bad technically but its blockchain has technical problems that cause their network downtimes past months.

Furthermore the collapse of FTX is still here and consequence of it is still unknown. The full level of consequence from FTX collapse on cryptocurrency market and cryptocurrency entities is still uncertain.

I will wait before this storm goes away to consider buying Solana. Maybe even at higher price than today price because it is safer time to enter in my opinion.

Bad idea. Human memory is limited and it is very hard to remember what words in your song are parts of your wallet seed.

Maybe you will have your encrypting method to note that what words are for your seed. Only you can recognize them but I am doubtful if you put a dot on seed word or anything similar, others can see it too and make their guess.

I don't support this idea because at the end, if you store your backup safely and very secretly, you don't actually need this misleading method that might cause trouble to yourself too.

Talented is good but trusted is more important.

Trust itself is not easy to achieve and it takes a lot of time as well as efforts to gain it. However, to destroy your trust, it is more easily and can be done quickly. Sam Bankman-Fried and FTX are very good examples on how trust can fall to zero in a short time.

FTX is dead and in future, if Sam opens another company, another exchange, it is very difficult for him to raise fund and regain trust from cryptocurrency users.

In paper, go bankruptcy with Chapter 11 is not the end of FTX and customers likely won't lose all their capitals. But how much will they be compensated is still unknown and how FTX can come back is very vague.

Sam is more trolling than Do Kwon and we can not say both guys did enough transparent management and communication to their communities. They both use and abuse capital from their users very incorrectly. In a crazy bull run with which price went up exponentially, they were fine. Unfortunately, when price went down and crashed, their models are paper in a toilet which is washed very easily and quickly.

It maybe just a beginning of something worse for him. I don't mind about Sam too much but I am looking for more regulations on cryptocurrency market and blockchain industry after many collapses in this year.

If you are CZ, you would do the same too. It is a very great free chance to shill your exchange, your ecosystem and your branch companies and it is totally free chance.

Trust wallet is only one of wallets available to be chosen for using during this crazy time of cryptocurrency market. Not your keys, not your coins. It is true for Bitcoin and all altcoins.

Don't trust centralized exchanges and custodial wallets. In addition, if you can choose between open-source and close-source wallets, let's choose open-source wallet and both should be non custodial.

It is a good time for Binance and CZ to show their power which increases their power and domination in cryptocurrency exchange market. From Binance's core approach that prioritizes safety, they will not take too much risk. Especially the lesson from Sam and FTX is just very hot right now.

Decentralized exchanges can take advantage of the FTX collapse and a fud wave against centralized exchanges to bounce strongly in this bear market. However I would like to remind that most of decentralized exchanges we have now, are not actually decentralized. If their owners, founders, core team members are known, they are not decentralized. Their services can be shut down anytime by governments if they want to do it seriously.