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NFT games are unsustainable if they provides too high ROIs and if they only have Play To Earn P2E mode. Developer teams can mint billions of token for reward pool but what will happen after all reward pool is used? Minting more and resulting in inflation in total supply, it's terrible action.
So despite of some attractive things on the tip of iceberg such as high ROIs, high speculation, attractive game designs, etc. if those NFT games have unsustainable finance model, they will be broken. Just a matter of time when their projects will fail and when their tokens will lose dramatically in value.
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Caught or not, compensate to users or not, it does not have effects on Bitcoin in the long run. Because the times when exchanges store all or most of their capital in hot wallets which are more vulnerable to hacks has gone away years ago.
Nowadays, crypto exchanges have better strategies and infrastructures to deal against hacks, compromise, fund stealing. Hackers can successfully hack and steal some fund but not enough to crack down any good exchange.
Also good exchanges do have enough reserved fund to compensate users and sacrifice their earnings from trading fees during few months. It's unofficially help them to build up reputation and in long run will help them to get more customers, then more income.
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Such things are temporay. China temporarily crack down Bitcoin mining because in the nation, there is energy crisis and government have to prioritize their whole nation first.
However, have you read the unofficial report, leak on Democratic People's Republic of Korea (DPRK) and their shady activities to attack crypto exchanges, hacks, compromises etc. in order to steal crypto currency for their nuclear power and weapon program.
Kazakhstan and other nations will make Bitcoin legal tender, sooner or later and not only allow Bitcoin mining.
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There are those investors that are not confident of themselves. They have to sell lower than the price they've bought the coin. But the idea is always to sell higher than the price you've bought any token.
And do that, remove the greediness in your thinking. Because if you're still greedy and don't want to take profit at the current price because you want it higher.
Remember those times that you should have sold but the price started to drop.
In order to buy low, sell high, they need to have multiple things - Confidence for their investment decisions and positions - Comprehensive understanding on psychology of the market, a psychological cycle of market, I meant - Data on Fear and Greed of the market. Without it, they don't know how fear or greed the current market is. Fortunately, they can check Fear and Greed index of Bitcoin market: https://www.lookintobitcoin.com/charts/bitcoin-fear-and-greed-index/Now, it's time to apply it. - If they have yet bought Bitcoin, but the index is greed, extremely greed, they should stay outside - If they have bought Bitcoin already, and the index is greed, extremely greed, it's time to take profit - If they have yet bought Bitcoin, and the index is fearful, extremely fearful, it's good or perfect time to buy |
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You can choose non-KYC platforms to use but they don't allow you to trade or trade partners don't agree to trade with you at high value. So if you are planning to trade with big capital, you will have to do it many times. It is only matter if you have big capital. For small one, go ahead with them, no issue at all. Check some from https://kycnot.me |
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Depends on your current age, if you are old, you might have a shorter plan, within 5 years.
If you are young enough, your plan should be longer, 10 years or 20 years. So if you have such plans up to 20 or 30 years, you won't have to mind much about when Bitcoin will reach to $100,000 or $500,000.
If you are in twenties, why do not make your plan for 40 to 50 years? If you don't have long term plan, can't not hold, you can't get rich.
In a long run, long term investors will get profit if they use pocket money for investment and don't get the market kill them by margin calls, liquidations.
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Better on what aspect?
Ethereum is better if you are considering the size of its ecosystem but it is worse if you are considering about gas price, transaction fee on ERC-20 chain.
Binance Smart Chain is better if you are considering about its gas price and transaction fee which is much lower than ERC-20 chain.
However, if you are only considering quality of a project like this, shit altcoins are better than both Ethereum and Binance Smart Chain because they have nearly zero transaction fee. Seriously they are shitcoins and mostly can not survive more than 4 years. So are they actually better than Ethereum or Binance Smart Chain? In my opinion, they are not.
Back to your question, Binance Smart Chain is not better than Ethereum.
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Axie Infinity was once considered to be the best game and it gave more revenue to the people as they would have got on the 9 to 5 jobs in third world countries. But now Axie Infinity is not a money making game on which you can feed your family.
Now that you won't be able to generate SLP by playing easy adventures games, this means the people who have hired scholars and have invested a lot in this game, will be at a big loss.
Everything has tops and bottoms. Axie Infinity has an amazing and unbelievable long growth since 2020. I don't attack any AXS fans or investors, and here I am just expressing my thinking. Personally I did not believe Axie Infinity can maintain its price at high for months but indeed it achieved that. Its all time high is unbelievable already but how long did it stay at all time high range is more unbelievable. The biggest NFT video games economy is collapsing because NFT games don't workBut I see positive strategic changes from Axie Infinity. The project has no longer focus its economy on PvE and shifted it towards PvP. That is smart and must switch because PvE is unsustainable. The project, the ecosystem can not attract huge new users at same rate over time. That means if the customer growth stops, slow down or decrease dramatically, PvE-based economy will put price falls down significantly as well. |
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The question is not accurate. Hodlers are investors but it seems they are not in the question. I think the question should be edited to "Who creates more impact in Bitcoin between hodlers and traders?"
Traders are not holders or holders. They are not investors. Unacceptable fact for traders, there are more successful investors then successful traders. Bitcoin hodlers are most successful entities on the market, they are more likely whales so that they will have more impactful power on the market as well.
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If it is on chain transactions which need confirmations on the network, you will always have to pay transaction fee. If it is credit transactions inside a system, it can be free but it does not mean you really own any coins. It is just a credited number which is not real coin. Transaction fee of Bitcoin is much cheaper than that of Ethereum. Check with https://withdrawalfees.com/ |
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Your personal bitcoin data, such as private keys, shouldn't be kept in any of those services, neither in that cloud you mentioned. They should be kept offline (in paper wallet, hardware wallet, airgrapped computers, etc) for security reasons.
Private keys should be kept offline. I know some people store their private keys or passwords in email, Google Drive, Dropbox, screenshots, facebook status (even in secret mode, it is not safe), etc. [Guide] Secure air-gapped crypto wallet storage method [SECURITY | GUIDE] How to protect your wallets and private keys |
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Two sides when you are looking for hidden gems.
It means you want to find some risky investment. From whatever investigation from your side, hidden gems mean risky and less safer than investment into old and verified projects by the market after many years.
You can not call Bitcoin or Ethereum is scam and there is no rug pulls with them in future. Hacks can happen, projects can fail but no rug pulls after all.
For hidden gems, you will have to face with rug pulls that are definitely nighmares.
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Do we need such service because with Bitcoin we already have decentralized system for data storage, transaction processing and verification, etc. All of these tasks can be done with Bitcoin wallets, nodes (full nodes, prune nodes) and it is safer than any cloud storage service if you ask me. Don't try to find alternative which is worse than Bitcoin. We have a best one so let's keep it simple by using it and don't look for any alternative. The Bitcoin network - Mastering Bitcoin |
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I thought so too. In the Russian translation there was an explanation about "useless messages". But if the moderators consider this a violation, then I will edit my posts.
Fraudulent projects used different accounts and the rules were not violated, and when you write about normal projects, you get complaints.
It depends on moderator perspective who handles your case. I recall about a topic which was created and had many update posts. It is a service thread and later moderator deleted many update posts. When the topic author created a topic in Meta to ask about it, the answer is exactly what suchmoon said. Update posts are considered as bumps. So it would be merged or include in OP by editing it. It depends on each moderator when applying rules and assessing update posts. 23. When deciding if a user has broken the rules, the staff have the right to follow their interpretation of the rules
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Against or oppose, sooner or later they will accept Bitcoin because in an era when the world accept Bitcoin as legal tender, it's weird if any nation stay outside the global adoption.
We call and consider Bitcoin as digital gold so when its time comes, the world will accept it like physical gold now. No nation will be against it. Furthermore, Bitcoin is much better than physical gold from technology, security, privacy and convenience in its use cases.
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The metaverse is the new cryptocurrency environment and this time the virtual world is gradually taking over the physical world and activities, most business and new development in various sectors have moved their business to the metaverse and the truth is regulators are beginning to see the possibility and crypto regulations in the metaverse which is one thing most crypto enthusiasts are worried about the total privacy of the metaverse and privacy will look like in the new era.
Everything will be regulated at different levels. Governments won't allow us to have total freedom from regulation. Firstly, Metaverse must survive. Metaverse projects must survive in bull then bear market. Secondly, they will have to survive through stricter regulations by governments from local to global scales. Lastly, we will see Metaverse changes the world. |
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If a password is very strong, chance to brute force it is very very low. I could be wrong but if a password can be brute forced, it might be not a strong and good one. [GUIDE] How to Create a Strong/Secure PasswordThere are guides and Youtube videos to brute force wallet or password as well. Chance is nearly zero if a password is very strong and if you don't have any hint to brute force it. |
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