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I have a moderate trust in tether because it is the first stable coin I am familiar with and have used up to this point, but I don't want to rely on it 100% after what we've seen with other centralized products. I must say that FTX really opened my eyes and mind to the fact that we can't put our hard money into anything in the crypto space. It's a harsh time for a centralized product currently, it's a wake-up call for both users and developers (especially them with their centralization). I'll keep using tether, but I'll spread it out more among other stable coins to anticipate another downfall.
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Not all of our trust can be placed in a few individuals or organizations. Decentralization is the driving force behind the creation of cryptocurrencies. Keep this in mind, please. Cryptocurrency is the instrument that liberates us from petty middlemen. Don't allow these giant, powerful exchanges control your crypto assets. In the field of cryptocurrency, no one can be trusted completely. Trust in oneself and one's own judgments at all times Trust the system and not the individuals.
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As far as I know, dogecoin was launched by two software engineers and made for entertainment purposes only, with no fundamentals whatsoever in the beginning. It's intended to be just a meme coin. Dogecoin has an unlimited supply, and there's no further utility. It started to get more attention when Elon Musk became interested in it and made a tweet about it. He became one of the most loyal supporters of dogecoin and built a hype around it that ended with the price massively increasing.
I honestly have a pessimistic opinion about Dogecoin's future if they only depend on Musk's hype to exist. Probably the downfall won't be in nearer time, but it's almost can be predicted if there's no other things that can build people's excitement due to dogecoin.
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Proof of Authentication Post Bitcointalk Username: luffygroove Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1279897 Telegram Username: @catizen Campaign Category Participated: twitter, video, signature BSC Wallet Address: 0x5e9B9Bad7098b9D7a57F9407E39400F93E503CFE |
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I have the same thought. I believe we saw a glimpse of it in 2021–2022. It's only because of the bear market that the hype and development have been stifled. If it's a bull market, then we must be partying right now with so many projects that claim themselves as "Web 3 this" and "Web 3 that." Just like during the rainy season, it must grow like mushrooms. I think Web3 makes sense because it's the continuation of NFT and metaverse successes in the past.
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I believe it's a result of a number of setbacks in recent years rather than just FTX alone. It's similar to an iceberg forced to the surface by the FTX catastrophe. Right now, it appears like all eyes are on the cryptocurrency world, and it's bad. The government, in my opinion, has always viewed cryptocurrencies as a danger, but I don't believe they still do. They already know that cryptocurrency is favorable and has grown into a significant industry. They might have a fresh approach to dealing with the issues, and we could compromise for each interest.
I think that might be a knife with two sides. The fact that so many individuals are becoming more aware of crypto is really advantageous for the development of the crypto sphere. I believe it is time for us to make a better shift. But it's also bad for us because it generated a market earthquake, which I think will pass quickly. Hopefully, we can weather this storm.
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Well, it's good for you, and I'm happy for you. I don't have any intention to ruin your happiness, but it seems that the crypto market won't be bullish in the near future because, referring back to the past cycle, it won't be bullish until the next bitcoin halving. Don't let emotion take you, whether it's positive or negative. Even if one or two of your projects were pumping, you might want to take your time and see that in general the crypto market is not finding much strength, and sooner or later it might affect those projects too, so take your profits as soon as possible while you still can and think of a new strategy to survive in this bear market.
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I'm thinking the same thing. I mean, the cryptocurrency market is now a sizable industry. So many significant investors are getting involved. Many nations participate in it. I don't see why they would allow cryptocurrency and blockchain to simply disappear. We must remember that we shall conquer again. The cryptosphere will alter or even get better after the storm, as with many previous movements. All eyes seem to be on cryptocurrency right now after the collapse of several projects. Most likely not to invest, but it has nonetheless attracted attention and more people are aware of cryptocurrency. After all, even negative publicity is still publicity. I believe that more people will come to invest or reinvest in the future as the cryptocurrency market improves. Let's make it through until it's time.
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I think after the downfall of many giant projects like Luna and FTX, the government, especially the US, will be more strict towards the cryptosphere, including DEXs and privacy coins. It will be more difficult for them to breathe. The government sees this as an urgent matter, and I believe more people will agree. This is a conundrum: on the one hand, we want to achieve decentralization, but on the other, we are suffering from a lack of regulation. I don't know how we can meet in the middle.
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Please always cite the resource when you quote the information from the news, or if not, may I know where this information came from? Metamask airdrops have been anticipated for so long that we don't want any scammers or fraudsters to take us for granted. I believe, as you've stated in your title, that the Metamask token will be the biggest airdrop ever in the cryptosphere, and it will be massive because almost all of us have used Metamask before. I hope it can give us an oasis in the middle of the bad news we've been facing all this time.
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The recent negative events in the cryptocurrency industry have taught me that we cannot always put our faith in projects that appear to be solid, reliable, secure, and so on. You should be alert to any new data, shifts, or warning indicators, no matter how vague they may seem. No one can be trusted, let alone centralized projects. Keep vigilance; protect yourselves at all times. Here, we can afford to slack off and yet come out ahead. You should be prudent with your finances because we can't predict when awful things will happen and must always be ready for the worse.
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Some people who don't jump in just for money still believe that blockchain and its cryptocurrency are the future. They believe this technology could actually help human beings in the real world. Although there are so many loops that need to be fixed, people are informed that both are still new and this is the time for exploration. We have not yet reached a mature era. This bear season exists to clean up projects that are no longer viable. The crypto world is so dynamic, and although we're in a bear market now with depressing news, there will always be good news too. That is what keeps this field alive.
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Everyone in the cryptosphere, including CZ and SBF, is losing out, in my opinion. How can it be a winner when all cryptocurrencies crash as a result of this horrible news, I mean? The community became more disillusioned and decided to leave as new investors are reluctant to enter. They believe cryptocurrency is no longer secure. In actuality, centralized parties provided the majority of them. I believe we need to reconsider the fundamental ideas behind cryptocurrencies and blockchain. Decentralized rather than centralized. The cryptosphere needs to return to its foundations.
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