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1  Alternate cryptocurrencies / Altcoin Discussion / Re: The regulation of the cryptocurrency market will become more serious on: August 09, 2021, 09:03:31 PM
Simply that they're getting serious and wants also to take cover those markets that have been mentioned through regulation.

There's a chunk of money that they're missing if they keep on ignoring it. So instead of going against and stopping it, they're going to fully support it but it's going to be in their way.
probably they're getting interested on it as well because they don't have choice since crypto currency always shows a good improvement, wherein even despite of banning issues from them it's still unstoppable and seems nothing happened. Take note when its about money they're so wise so expect soon in the near future they will dive in the crypto market as well.. Lol
Yeah, no choice too.

Even if they prohibit it, people will still find a way to trade, buy and sell cryptocurrencies. There's no benefit from the government and that's what they have to understand.

This is why they don't like decentralization.

We should also keep in mind that we only talk about "the" government as if all politicians would see only evil in cryptocurrencies. What I can observe is that a good and growing number of politicians, often a bit younger ones, are certainly pro this innovation and trying to raise their voice in favor of cryptocurrencies. So far that hasn't had much of an effect because politics is often dominated by older people who have trouble to even understand most of the implications crypto brings about. I think that will change considerably within the next ten years.
2  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What will happen to Tether? on: August 09, 2021, 09:00:06 PM
Many people including myself have had this concerns for some time now, and me personally have limited my use of tether as many articles I read online on how it's likely to fail and also coupled with the rumored issue it has with the US government, I don't trust this crypto currency anymore but we just can't still ignore the fact that it's still one of the most popular and most used stable coins in crypto currencies so far.
The conclusion of the matter is that, if you don't feel secure in its usage, then better to avoid it and look for some other trusted stable coins to make use of, money is hard to come by this days and shouldn't be risked on untrusted crypto coins.

Absoutely, and considering it from the angle of its practicality, it plays a very vital role for cryptocurrencies and exchanges. I thought when 'I first read that one of the big Bitcoin pumps could have been facilitated with non-backed Tether that that hypothesis or allegation, whatever you wanna call it, does make a lot of sense. Imagine you are sitting on tons of Bitcoin and you have this printing button at your disposal because you are the company behind Tether, how tempting must it be to just push the button, use those freshly printed Tether and pump Bitcoin straight to the moon, sell your Bitcoin at crazy prices and then buy back the Tether with your profits such that nobody gets angry and asks for further investigation. Seems to be a decent plan to me.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: Eth vs bnb on: August 09, 2021, 08:55:16 PM
Hello Guys! What do you think that etherum is best pick of 2021 or BNB is best for 2021?? Give your opinion I think that etherum is best choice of 2021.

From the look of things so far in the market, you are right with your suggestion about ETH. ETH has had a London hard fork which saw it increasing in price while attracting more attentions which is very vital to its growth, in addition the forthcoming Ethereum upgrade (ETH 2.0) is another factor which will bring more attention, users and investors to ETH, and the more this is happening, as more people keeps anticipating it, Ethereum will be in the minds of people thus making it a good pick or better option than BNB.
However, BNB is a good coin and owing to the fact that the team loves ideas which will keep making their exchange worth it, BNB will always remain a valuable coin as well. Nevertheless, with the current issues or news surrounding BNB seems to be what is making it look sidelined from the market, but on the long run it is still a good coin.

I don't think Ethereum's problem is in raising attention or drawing attention to it. It is rather that people finally want to do something with their Ether besides just putting it into their wallets and wait. Staking is one of the keys that is a plus for Ethereum over proof of work coins. Passive income is a thing obviously and there might be various defi applications being under development that you could participate in if you stake your Ether. There is a lot of potential in the network and I believe a lot of coins will be put into staking.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: Why is BTC still top1 on the cryptomarket? on: August 09, 2021, 08:52:15 PM

What makes BTC so high is because of the greatness that is in Bitcoin. For me, Bitcoin has a role for others, maybe you also know why Altcoins are in the crypto space. If we already know the cause of Altcoins in crypto, that's the answer to why BTC is great.

The point is what is conveyed, that bitcoin has a role and influence for altcoins, I do not dispute that.
But I don't really agree on that influence and role to look at the current state of altcoins.

Bitcoin can make all this easy because it is based on its strategy, so bitcoin is so high in value right now, and there is no altoin involvement at all in my view.

To a certain degree Bitcoin has a lot of control as it is the first cryptocurrency to react to anticipated problems. If something is wrong in the space like bad regulations or any governments cracking down on crypto, the whole market only goes down if Bitcoin goes down. If Bitcoin doesn't move, the market demonstrates the common understanding that the event doesn't pose a threat to the space as a whole.
5  Alternate cryptocurrencies / Altcoin Discussion / Re: Why is BTC still top1 on the cryptomarket? on: August 08, 2021, 01:19:36 PM
Does BTC act like gold in the fiat market?  Huh
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

Bitcoin is the strongest chain with the most hashrate, hence it is the most secure chain out there, hence it does attract most of the money coming into the market, especially from institutional investors, hence the ecosystem around Bitcoin gets the most support and experiences the quickest legitimization and adoption. There are so many reasons why Bitcoin is at the top and will probably stay there, I can't even think of the length of the list.
6  Alternate cryptocurrencies / Altcoin Discussion / Re: Eth vs bnb on: August 08, 2021, 01:16:37 PM
I think both are worth  investing and I am holding both of them but both are different networks, BNB has attracted huge investment during the past one year and it will continue attracting new project as being best alternative of Ethereum with much lower cost. Ethereum 2.0 is going to be fully implemented in the next few months which hopefully will reduce transaction fee significantly.
Tomorrow the London hard fork will run and it's part of the Ethereum 2.0 implementation to be even better than the previous one although in the past Ethereum wasn't even worth calling it bad just because there are others that are cheaper so let's see together how it's implemented run.

Those who are still talking about transaction fee reductions because of the Ethereum 2.0 implementation still seem to ignore what Vitalik Buterin repeatedly says and said: The London hard fork is not going to change the transaction fees. It will stay high during busy times for quite a while. The transaction fee solutions are still quite a bit away.

But even there's a high fees users of ETH continue to enjoy using ERC, there are supporters who continue

using ETH as there are many tokens that's been created using this chain, while with the hypes of NFT, increasing

popularity of BSC is being enjoyed. Both coins are moving greatly investors are surely enjoying the scene.

No, I think the supporters you are talking about are really people who hold a crypto amount that is above average. If you are an investors with a couple of hundred dollars or maybe even a low four digits amount, you would be pissed off by the fees and couldn't really swap. Transactions from A to B might just be fine.
7  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What will happen to Tether? on: August 08, 2021, 01:15:12 PM
To my understanding Tether is the cryptocurrency created and backed by Bitfinex. If they become bankrupt and stop operating as an exchange what will happen to all the tethers in circulation? Will it all lose value also? Will Bitfinex have the responsibility to exchange them for real us dollars?

I do believe Tether has reached a point of too big to fail because if this event happens that would result in a big dip in the crypto space. Assuming Bitfinex become bankrupt and the founders do not want to run away with the remaining reserve, I can see them liquidating their reserves and also understands that Bitfinex is one of the largest holder of Bitcoin too, which is a huge insurance against things like this

Tether's circulating market cap is 62 billion USD right now. I think that if there is something fishy going on with Tether, Bitfinex would be in a hell of trouble. They might be among the largest holder, but I doubt they have tens of billions of USD they could just liquidate within moments to cover any problems that might arise. I could be wrong though, maybe they are that huge and hold 5% or even more of bitcoin, but who knows.
8  Alternate cryptocurrencies / Altcoin Discussion / Re: Earn passive income with ethereum 2.0 on: August 08, 2021, 01:06:15 PM
Although it's going to be a good passive income in the future, the APY shall change overtime due to the demand just like the other coins that have been into staking.
As start, the APY seems to be good but I guess as time passes by, it'll change and might decrease.

The current rate on Stakewise is not attractive compared to other farming and staking sites, but since we are talking about Ethereum, the second most popular coin in the market, it will still attract more investors to pool their Ethereum, I'm sure whales will take this opportunity to earn more , not really for us small-time investors.
That's for sure, while there's not that much attention that's being put into staking ethereum. It's just for now but once it's fully rolling and the entire announcement is official about staking.
You'll see that bunch of holders will come out of their caves and will start to stake their Ethereum on those different platforms or pools.

But to a certain degree the possibility for everyone to stake might already have been priced in right now. People buy Ethereum now in anticipation to soon be able to stake their Ethereum with the 2.0 upgrade. I think there will still be some good price action, but probably not as much as many might think. Most of the investors now buy with the plan to once stake it or even dump some of it as we get closer to the release of staking to the public.
9  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you invest in TRC20 tokens on: August 08, 2021, 01:04:28 PM
I am not interested to invest in Tron network tokens except USDT and TRON itself. I have seen a lot of tokens in my wallet became dead or no value that i received from bounty or from little investment. Before Binance network launched, we thought that TRON network will become more popular but after BSC launch, TRON has become the same coin like XLM which is now less popular. After BSC, now there is a new trend of OKEXchain.

I feel the same about TRC20 tokens. Those I had became worthless and I just don't see as much interest in TRC20 tokens within the community and there isn't really any buzz around it.  If you check out ERC20 or BEP20, there is so much stuff going on around those projects based on these chains. I don' know about OKEXchain though, what is the deal with that?
10  Alternate cryptocurrencies / Altcoin Discussion / Re: The regulation of the cryptocurrency market will become more serious on: August 08, 2021, 01:02:32 PM
https://www.sec.gov/news/public-statement/gensler-aspen-security-forum-2021-08-03
The hyperlink is SEC Chairman Gary Gensler's speech at Aspen Security Forum on August 3.
There are two sentences are worthy of our alert.
"In my view, the legislative priority should center on crypto trading, lending, and DeFi platforms”
"For those who want to encourage innovations in crypto, I’d like to note that financial innovations throughout history don’t long thrive outside of our public policy frameworks.”
Please stay awake. The regulation of the cryptocurrency market will become more and more serious. How do you interpret the  sentences?

Honestly, those sentences were more than expected. If you were working for the SEC and your job is to regulate unregulated and almost uncontrollable spaces, and it was your task to thoroughly check for the most pressing issues, I bet you would have been very concerned about the DeFi area. Look at what's possible already, seamlessly switching back and forth, involving mixers, anonymous currencies and so on and so forth. The DeFi space is going to be insane and if the don't act now, they will lose a race which they probably lost already and couldn't win ever anyway.
11  Alternate cryptocurrencies / Altcoin Discussion / Re: How will Ethereum survive without Vitalik? on: August 08, 2021, 01:00:05 PM
Ever since Vitalik created Ethereum, the project has been on a road towards non-stop success. It's been around 6 years already with ETH being the world's second-largest cryptocurrency by market cap. Vitalik's skills and great mindset will keep the project afloat for a very long time. But sometimes I wonder what will happen with Ethereum without Vitalik in play? The community could keep the project alive, but without a genius mind like Vitalik Buterin, ETH will be one step behind of its rivals. At least, that's the way I see it. But I could be wrong.

What are your thoughts? Your input will be greatly appreciated. Thanks Smiley

While I understand the content of your post and the intention behind it because Vitalik is the most public figure of Ethereum, we shouldn't forget that behind the scenes there are several brilliants minds who are able to discuss most of the technical things on eye level with Ethereum. It is not that every line of code is based on Vitalik's last word. A lot of the code by now is the result of heavy discussion between a bigger circle of people who take responsibility for Ethereum's way forward. I do however agree that Vitalik is one of a kind, he probably can't be replaced 1:1, but that isn't necessary to keep Ethereum competitive throughout the future.
12  Alternate cryptocurrencies / Altcoin Discussion / Re: Number of altcoins keep increasing! on: August 07, 2021, 04:12:15 PM
I see alot of altcoins and tokens been introduced into the market every day and I keep wondering if that is how this industry will keep growing.  The number of altcoins does not translate to increase in the over all market capitalization of the cryptocurrencies market and it that means that some of the coins we currently have in the market is not needed!

Its open market and the code of creating a coin is open-sourced, anyone even a scammer is free to create their own token, that makes it hard for us to see what coins have potential in the market, we must do our own research because so many coins are involved in the shilling, check the whitepaper, roadmap, people behind the project and the platform attached to the coin.

It's like that everywhere. When you buy products on Amazon it is not that unlikely you are going to buy fake. You are also going to learn from it, start better scanning for legit recommendations in the comment section and what not. If people launch scam coins or shit coins, those who are buying them will go through a learning curve,  hence becoming better investors in the future. That is just how it goes, was the same for me as well.
13  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What will happen to Tether? on: August 07, 2021, 04:09:34 PM
If Tether was backed by a bank, it would indeed might have been bailed out by a government

the thing is, it is NOT system relevant. it wont cause a snowball effect for the general economy, and the crypto economy is not realy relevant

I guess you are right here, but what isn't systemically relevant today could still become systemically relevant in a couple of years from now. If Tether doesn't fail for some reason over the next couple of years, I can very well imagine how it is going to turn over trillion per day, not billions anymore. It might be accepted by merchants who have and more Tether on their balance sheets because it's easy, cheap, and stable. It might become relevant by then.
14  Alternate cryptocurrencies / Altcoin Discussion / Re: Eth vs bnb on: August 07, 2021, 04:07:41 PM
I think both are worth  investing and I am holding both of them but both are different networks, BNB has attracted huge investment during the past one year and it will continue attracting new project as being best alternative of Ethereum with much lower cost. Ethereum 2.0 is going to be fully implemented in the next few months which hopefully will reduce transaction fee significantly.
Tomorrow the London hard fork will run and it's part of the Ethereum 2.0 implementation to be even better than the previous one although in the past Ethereum wasn't even worth calling it bad just because there are others that are cheaper so let's see together how it's implemented run.

Those who are still talking about transaction fee reductions because of the Ethereum 2.0 implementation still seem to ignore what Vitalik Buterin repeatedly says and said: The London hard fork is not going to change the transaction fees. It will stay high during busy times for quite a while. The transaction fee solutions are still quite a bit away.
15  Alternate cryptocurrencies / Altcoin Discussion / Re: The future of crypto on: August 07, 2021, 04:06:03 PM
--
If other countries also do not provide crypto legality this will have problems with crypto developments in the future, but this is unlikely to happen, in the future increasingly sophisticated digital financial technology will definitely be needed around the world to facilitate transactions.
it's an old problem, that's what makes bitcoin full of pros and cons. although there are several countries that prohibit the use of crypto, there are still many countries that allow it, some even have discourses on creating their own crypto currency. see, although many prohibit transactions or payments with crypto, investment and trading are still allowed, this shows that crypto is indeed very potential, on the other hand there is a side that is less profitable for the government. so this is not a problem, usually legality issues come up every year, creating waves in the market, but no need to worry.

Well, I think the way it is going to happen is rather top down, with Bitcoin being top and governments being down. If there is something you can't stop, pretend to embrace it and regulate it / pass laws that you think will appropriately be considered by most of the users. It won't be possible to fully stop Bitcoin. That is a bit similar to gambling websites online. In some countries the governments understood that there is almost no way to fully stop them. So how to benefit as a government regardless? Raise a little bit of taxes, such that gambling websites feel the urge to pay their taxes to play it safe because playing safe isn't that expensive. Bitcoin is similar to that kind of situation. If they prohibit it, they are probably going to raise public cost by a lot only because they have to pursue all these "criminals" who deal with crypto. Drugs is another example, but you get the idea.
16  Alternate cryptocurrencies / Altcoin Discussion / Re: what is your opinion on Monero? on: August 07, 2021, 04:01:35 PM
Everybody knows that Monero is claimed to be the only anonymous coin, but even it can't guarantee complete privacy. For example, if there was not enough time (less than 20 minutes) between your transactions of buying and selling, your wallet can be revealed.

Personally I don't use Monero, because now I don't really need a lot of privacy, I don't need to hide or launder my money.

Sure, you can apply all kinds of different statistical parameters to detect connections between wallets. Output sizes and so on, but as you say timing is very relevant, but that also applies to mixers for Ethereum or Bitcoin. That is why mixing service providers usually recommend to wait even up to 24 hours if possible. I guess that is where many users think that they can go for shortcuts and 3 hours are also fine, but it is in fact not. You really need to be a patient individual to ensure that you've put the most effort possible into keeping your actions on the blockchain private.
17  Alternate cryptocurrencies / Altcoin Discussion / Re: Will BTC fall below $20,000? Bargain hunting? on: August 07, 2021, 03:59:08 PM
a trend for the short term has formed I think. more visible this will be a good rally for the BTC market. but maybe it won't be a very strong rally. because after a small pump we see there is good stability for the BTC market.
I became convinced this would be an opportunity for altcoins to get a pump rally.
Altcoins will always be next when we see the bitcoin rally. Whilst for those people that are waiting for the bargain of bitcoin to hit $20k, we're doubled from that price and we've seen it go half from the past ATH and the highest as of the moment. It is unlikely that we see $20k soon and if it does then that really hits that we're in the real bear market by that time. We saw the bear trap when it's down by $29k and then eventually has recovered so fast. And that gives us some idea that we may not see that price again, hopefully not.

I would say that if nothing completely unforeseen happens, like a real global disaster or some coordinated government attack on Bitcoin, we won't see $20k again ever. Retail investors and institutions would start buying like crazy as soon as Bitcoin drops below the $30k mark because everyone will consider that a huge opportunity. I would also consider it an opportunity. What I am 100% sure about is that we will never ever again see Bitcoin below $10k. For that to happen there must be an event that would kill Bitcoin in its entirety.
That's what the holders are wanting and thinking, we don't want to see $20k again as we've been through a lot and those dips were worth it. Because with such plummets, it made bitcoin stronger and those that have doubted it during those times, they're for sure thinking that it's too late for them already although it's not yet and they have to wait until it bargains again but there's no way to determine if it's going to be at $20k again or under it. While they wait for that which is unlikely, they should buy every dip they see.

That is one way to see it, right? But those who are a bit more experienced by now and know that Bitcoin can drop also could play it quite a bit smarter than newbies. When people say buy the dip, that is quite hard to do for people are brand new to the market. Those who are around for a while can make those judgments with a bit more certainty, never with full certainty because nobody knows what's going to happen tomorrow or next week, but sometimes I consider a dip a welcome opportunity.
18  Alternate cryptocurrencies / Altcoin Discussion / Re: Will BTC fall below $20,000? Bargain hunting? on: July 31, 2021, 04:01:05 AM
a trend for the short term has formed I think. more visible this will be a good rally for the BTC market. but maybe it won't be a very strong rally. because after a small pump we see there is good stability for the BTC market.
I became convinced this would be an opportunity for altcoins to get a pump rally.
Altcoins will always be next when we see the bitcoin rally. Whilst for those people that are waiting for the bargain of bitcoin to hit $20k, we're doubled from that price and we've seen it go half from the past ATH and the highest as of the moment. It is unlikely that we see $20k soon and if it does then that really hits that we're in the real bear market by that time. We saw the bear trap when it's down by $29k and then eventually has recovered so fast. And that gives us some idea that we may not see that price again, hopefully not.

I would say that if nothing completely unforeseen happens, like a real global disaster or some coordinated government attack on Bitcoin, we won't see $20k again ever. Retail investors and institutions would start buying like crazy as soon as Bitcoin drops below the $30k mark because everyone will consider that a huge opportunity. I would also consider it an opportunity. What I am 100% sure about is that we will never ever again see Bitcoin below $10k. For that to happen there must be an event that would kill Bitcoin in its entirety.
19  Alternate cryptocurrencies / Altcoin Discussion / Re: what is your opinion on Monero? on: July 31, 2021, 03:58:19 AM
People I've spoken to about Monero they are mostly either very for monero or against never anyone in between.

I personally prefer this over bitcoin as it seems like from what I've read Monero is what bitcoin was supposed to be.

what do you think?

In the order of coin listings, Monero is now 27th on Coinmarketcap's list. It must be good in my opinion because it is in the top 30. The price is also still affordable than the price of Bitcoin. If you prefer Monero coins, I think that's great, but in my opinion, Monero coins are still not a lot of fans.

According to your logic, is XRP good? If so, why? What does XRP contribute to decentralization in general? Because that is what cryptocurrencies are about right?

Monero as a coin that is aiming at providing strong privacy could run into problems legally. If governments don't want fully private transactions to be available to anyone, the first thing they could do is to prohibit registered and licensed exchanges from listing the coin. There will still be ways to trade it of course, but it will make things a lot harder.

Generally, I like Monero a lot because as long as it is not possible to trace it, and it seems for now that is still the case, it does indeed work like magic money. You send it, it disappears on your end, leaves no trail and shows up on the other end.
20  Alternate cryptocurrencies / Altcoin Discussion / Re: The future of crypto on: July 31, 2021, 03:53:37 AM
China is always two steps ahead of all other countries in terms of future tech and I think the reason why they ban crypto miners is because of their CBDC but what will happen if other countries later follow the same steps? Will this put crypto in trouble?

I have never really had the impression that other countries, especially Western countries copy China's strategy. Rather it was the other way around except for political ideologies. China isn't ahead two steps everywhere in technology. Most of the technology they have available today was bought or copied from other parts of the world. They are acquiring tech companies like crazy. What they are doing well though is to keep those companies researching and growing. By now they are slowly but surely pumping out innovations that is fully under their control and in their possession.
I think when China bans crypto there might be well developed nations around the world that could see Bitcoin as an opportunity rather than a threat. The key is to integrate it wisely into your economy. I don't know how that could work without undermining one's own financial system, but maybe some governments find smart ways.
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