Originally I was okay with meme coins before and in fact I was even thinking of investing in DOGE back in the days, but I just didn't manage to do so as I prefer being just a hodler of Bitcoin until few more meme coins just made it stupid and unnecessary. Meme coins could at least add a little bit of humor and a little bit of investor's.... interest. I agree in the part that you mentioned that " opened the gates of hell for more cringe worthy low effort Idiocracy type of coins that offered no value", though I wouldn't say that it ruins crypto. It is just there to say that people are capitalizing these memes to milk more money from some investors as well as running out of unique ideas of their own, just like some shit businesses popping up near my area.
Obviously there would be no way out of this as people are free to create their own coins. Maybe if only people would stop buying these meme coins, but I highly doubt people would listen.
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People think that Bitcoin will replace banks/fiat currency in the future and it is obvious that it will not happen at all anyway. Some people are comfortable with regulated stuffs and they are okay with some third party looking over with their money. I recall one posted in here that Bitcoin will just coexist with fiat and that is pretty much the closest thing we could get. Nobody is even stopping people to use crypto with their payment method as long as it is not illegalized in their country.
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This was the one I was expecting from a long-term holder like me. I thought I was the only one doing that although we had a little bit of difference in which some percentage of what I earn from my 8-6 work were going to crypto in cases of bearish market so that I can at least bag more coins while the market is yet down.
I am only a BTC investor, by the way if you're curious.
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What do y'all think? Will BTC price movement continue to have the same effect on alts price in like 10 years? 20 years maybe? Let's hear some expert opinions.
Not an expert of course, but alts had been known to follow the price of Bitcoin at any time. From the looks of it, investor would invest in Bitcoin first before buying alts for obvious reasons that Bitcoin dominates the market. It will be in that kind of scenario most of the time, unless something took over Bitcoin which unlikely will happen any day in terms of its price.
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It depends if they're indeed "using it", some are just bagging cryptos and never get to fully utilize it. I can understand that part for people investing in Bitcoin. Some would be entirely for investment purposes like only for the sake of "hodling". Some are using it for currency and of course, some of those people are in the dark web using it for some....stuffs though there are people here in the surface web like me using it also for buying completely normal stuffs.
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I can see that. I wonder what were they thinking when they were about to post this project in here or even deploy their website for production? "Yeah that's okay, let the public know already that we're launching another 'inu' project in the market."
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I recall one of my friends back in high school that wouldn't even try solving simple math problems by himself and keeps bugging me without giving much effort for himself to learn. I can't imagine how pain in the ass would it be if I even taught him crypto. I can imagine getting calls by 2:30 am just to teach someone like babysitting them.
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Between mobile and a desktop wallet which one do you prefer the most and why? Again I think desktop wallets have more open source wallets than mobile, which desktop wallet is the best open-source wallet that you know of?
I only use mobile wallet when I am aiming to buy something in a store that has crypto payment method, which currently is non-existent around my area. One mobile wallet I use has some quite convenient feature of giving me a credit for my network service provider in order to send SMS, so that is pretty convenient in my end and I would take it in any way. I don't really use desktop wallet a lot except that I usually isolate it in a separate machine that is only for crypto purposes only and not to be used for browsing.
In the end, it depends on the usage of each.
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Sounds like the website was uploaded/hosted in the wrong way, since you need to click public folder before you can reach their actual site. Good job for the devs, kappa. Same thoughts as your of it being a questionable project. I saw another Inu variant last month and now we're getting another one. It is pretty much a project attempting to milk this hype for sure.
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Same thoughts actually, my friends thought that I hated NFT market. I really don't. I am just being real to them that they might end up to be another victim of another rugpull of whatever coin they are buying. Rug pull isn't rare to crypto these days actually especially that a lot of NFTs are even game stuffs which I am not really a fan of.
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It's a common mistake by a lot to be honest, while we cannot blame some of them due to some being a legitimate newbies. They did not expect the price to peak at that point and just went full money into the coin that they were eyeing on.
I made the same mistake when I was still a newbie like in 2017 when Bitcoin peaked at 20k that time.
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Yep, that's pretty much it. It would be great for those still learning the UI as it could be overwhelming for some. I even recall Binance having "Basic" and "Advanced" trading pages. Simulated trading should be for people that still aren't well-versed on what is going on into their screen, so that at least they can still know what to press without risking their money and time in it. It's like those baby vehicles that toddlers use, so at least when they grow up, they would know what the steering wheel is for without risking their lives into diving real driving which I know no parents would do of course.
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Same thoughts. It's all about just hypes most of the time now actually. Considering that there are many NFT games out there, it seems like all about the hype of the game and most of the time, even non-NFT games loses a lot of hype overtime and that's just the cycle of many stuffs to be honest. I am not sure if airdrops are worth pursuing anyway now these days.
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Well it was still the beginning of COVID era and I won't blame you for that to be honest as everyone is in need of money already and the economy is badly affected by it. I sold some of my Bitcoins at that time as I needed some money to buy my needs before the lockdown, but I still held some that were still alive and kicking until this day. I am pretty sure you really need to have some money at that time and you would value your needs over your wealth at that moment.
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Now you make me think this situation as well. I am still not married, but currently in a relationship and I am wondering if I should share the keys to my future family whenever I get old. It wouldn't hurt to at least educate them about a thing or two about cryptos, but just won't mention that I am indeed holding one.
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some traders have also experienced losses that are not small, that's the risk of being a trader!! So don't give up, don't despair, don't rush and keep learning. remember being a professional trader is not an instant thing
Sometimes you got to give up. Let me give you a real-life example and not just a generic ones. Back before I went full time holder in Bitcoin, I watched some tutorials in Youtube specifically some crypto youtubers like CryptoJack (not sure if that was still his YT channel though), and I just followed through his tutorials in day trading in Binance. Watching alone gave me confidence to keep on going and do the same stuff on whatever he buys in the video, he then introduced some trading tools like Bollinger Band and RSI. I followed through and did the same thing as in the vid. It just didn't "work out" well for me in Day 1. I was like maybe this is just the beginning. I applied what you said "so don't give up". Week 1 - Earn cents around >$.56 Week 2 - Loss Week 3 - Breakeven Week 4 - Loss At that whole month, I realized that trading might not be for me at all. I quit and just went straight up into full holding of Bitcoin. Less stress, less time consuming. Might be risky but it is the risk I am willing to take.
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Dude, they're allowed but it is frowned upon in here. People won't get banned for selling accounts, but expect negative trust from the community for it. That trust rating is well-deserver. To be honest, consider yourself lucky that it is not bannable in here, since in other platforms, they ban people from selling accounts.
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I don't think bitcoin can or will replace fiat but the two coexisting might work (at least if a crypto has better throughput - can take a enough transactions a minute).
This one. I mentioned this a lot before when people were asking if Bitcoin would replace fiat currency or even in short - "become a global currency". To be honest, it kind of become a "global" currency already, as people almost in every country have the access to it and they just need to build a marketplace any sort of industry that they are at. Considering that we have government regulation around us, Bitcoin replacing fiat is impossible.
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Regardless of what currency anyway, it happens as you mentioned. I can imagine if back in stone age, these stuffs happen like cavemen not paying through whatever means they use for currency and ended up in a bloodshed. Crypto is just being like thought as a scam due to how pseudonymous people are in it.
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It's just there to say that some people are not even bothering to read any new stuffs happening in the forum at all. I am not surprised that some members cannot move on from that April Fools joke by theymos.
It was a funny April Fools Joke. Let's see what theymos has for us next year. lol The KYC ones was funny back then, ngl.
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