Sometimes I wonder if halving really make any difference at all other than placebo effect. The rise of bitcoin price might aswell affected by other cause that makes more sense than a halving which essentially just cuts down the reward for each block solved. It's not like by cutting down that bitcoin will be more scarce or the total supply in the market decreasing. In my opinion halving might just have little impact to the price overall and to be frankly honest seeing that graph bitcoin has always been going up in the long run ever since it was first introduced. so, hard to say it's because of halving.
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This is endless cycle some people gonna come up with new idea but the most important thing is whether that idea sell well or just there for decoration. IEO right now is not obsolete by anymeans even Defi is still selling like a hot cake I can't see the need of other thing like this called CyberFi. Heck even IEO is the most secured means of investment as of now atleast they got listed on exchange day 1 and most of the devs already went through or undergo an inspection by the responsible exchange..
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There's just no place for this kind of scammers tbh. They are literally everywhere and just trying to stain the name of cryptocurrency with their shitty scam coin. After I read the article that the OP shared, actually the project was suspicious, for example, it promised a lifetime income. It's really too good to be true.
Btw, scammers are everywhere, especially in the crypto world, so we have to be more vigilant.
Yes lifetime income itself already a sign of an obvious scam but can't really blame people because some people aren't that exposed to this kind of scam method so the fault still at the scammers for scamming the money of innocent people.
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day trading is much like gambling to be honest, you might think you can make profit from the fluctuation but there's time you gonna lose as big as the profit you made within an instant and market tends to go down anyway. It's certainly viable option for some people but I just don't recommend it. It's better to trade for long term rather than shortly. You also need to calculate the mental exhaustion you get from doing day trading more specifically eth that's right now kinda fluctuates a lot. You might think that you can handle day trading with the simple principle of buy low sell high but when you buy low and then the price goes even lower it's gonna be a war in your mind to cut lose or not to cut lose
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Not because we are scared but because we can do literally nothing. I mean what would you expect from us meanwhile the main reason for most of us are here making profit instead of making it as our primary currency for daily activities. Even like that most of us here have nothing more than thousand dollar even less so there's just nothing we can do here. The concept of decentralisation is the main reason why crypto is yet to fully breakthrough. The decentralised nature of cryptocurrency will not work in the favour of our government and as such, the government will always try to counter any concept that has zero values to add to their doings
True, we could offer all the good things for all I know but once government make a new law limiting crypto then our effort just gone.
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Defi projects really make me think that their security is some kind of serious hole need to be fixed even when these projects are essentially just copying each other. It says that their project has been audited twice and still a hole to exploit in there. When dealing with money a project really need to be serious and is in concern of their system security and so many defi projects got hacked kinda gives me impression that they are not really investing into the security aren't they?
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Actually due to the long bearish season all crypto investors, hunters suffered a lot, to be honest pandemic did not suffer me as much as I have suffered due to long long red market status.
True though, the pandemic instead bring a market that somewhat okay-ish atleast it's not sea of red like it was a year ago and bitcoin right now is hot topic whether about its adoption or its current price that keeps rising and rising. This pandemic indeed makes people more and more conscious that digitalization exist and could makes their life easier.
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This question has been asked 8 months ago and it has also been asked almost everyday but wondering how the adoption makes the answer to this. I supposed to think that everyone has a clear vision towards Bitcoin adoption and becomes a useful currency as intended to be like. We are not closing the possibility to be the number 1 currency worldwide but if we consider a lot of factors that could change such a thing, we can also think that USDT is still likely taking the crown as the number 1 currency in the world.
USDT is just a stablecoin. Why bother using USDT when you can just use USD if we are talking about currency that's gonna be used world wide. The problem with bitcoin is that its scalability problem that would probably becomes even worse if all the people in this planet uses this and make so many transactions at the same time. ETH for example, gets overflowed with the transaction and then suddenly the fee sky rocketing I couldn't imagine the scenario where its gonna be used by billions of people.
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Maybe it's gonna renders fiat money useless but it's still far away to go. Try to travel across the world. Most of them are still using fiat money or paper money for daily activities even if there's digital wallet already in that country. Even in developed countries still uses fiat money. Saying that it already renders fiat money system obsolete is not really correct. I even think that in the future both thing could coexist since they have their own advantage or disadvantage no need to side over one or another. Cryptocurrency however right now mostly considered as investment instrument for many instead of currency.
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Don't expect too much. Remember the recent hacking occured to biden's social media account by some random hackers that demands donation in btc? Pretty sure it's gonna gives a bad impression to biden and now he's president. However crypto just gonna be normal like this in the future I suppose. I mean many people in the US already knows crypto and what government need right now is the law for them to tax it. Keeps your expectation low I guess.
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I would definnitely say that altcoin might be in trouble when btc dominance keeps increasing but it's just wild hunch just because in the past something like this happened btc crushes the alts but in the future no one really knows. Bitcoin positive trend is not an obvious factor that could decide whether alt gonna be bearish or not anyway. I'm not really an expert to trading but according to my observation when the Bitcoin's price increase the price of the altcoin increases as well as long as it is paired up with Bitcoin or am I wrong about it?
It could go both ways decrease and increase. This crypto market is just so random and there's no way to predict the correct answer.
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Low volume and the recover is not even 3/4 of the ath. I don't think it's truly good example where many coins out there with more significant trading volume as of now literally recovering from massive dumping. If it could atleast hold for atleast 2 next months then it maybe truly recover because it's potential otherwise it still vulnerable to pump and dump by the whales.
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Simple, cash is the true untracable means of payment method meanwhile with blockchain you got your transaction recorded for eternity and could possibly be traced after few years goes. There's reason why those so called hackers have a hard time cashing out their money because everyone literally taking a look and watch their address movement and once they made a mistake the money could be gained back by exchange or swap platform. Cash on the other hand, so hard to trace it has become number #1 method for those illegals activities or criminals in making a deal.
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Paypal is not really a reason to be bullish I mean most of the people who uses crypto already switching from paypal anyway except some people that are forced to use paypal and they are just corporation and no government so there's really nothing to fuss about. Also, the price of btc is already so damn high that some people consider it insanity. imagine if it doubles because of bullrun people would choose to cash it out instead and then gets bearish again. Maybe just wait for bitcoin adoption increases then we'll see the real bullrun.
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No one know for sure but seeing eth hype maybe it's gonna come when mainnet launched but still a far way to go. However, bitcoin steadying is not a sure sign that altcoin season will come so don't expect too much otherwise you will be dissappointed but you must anticipate eth 2.0 the most because there's just so many projects or alts token that are under that ethereum blockchain so keep watching this major event of eth 2.0
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Investing are more effective compare to staking especially if you have a good trading skills and know when to buy and sell while staking is just fully depending on how the network work and you are stuck into one project only which can be more risky. You don't need a huge capital just to be more profitable, you need to learn and more experience about the market and you can increase that capital thru your earnings over time, choose wisely always.
But by staking you can stake & invest at the same time so you get double the profit. Investing in crypto you just let the money sitting there waiting for the price increase opportunity meanwhile by staking your money earns money for you and bonus if the price happens to be increasing aswell. I'd say if I can do both I'd prefer doing both. It also reduces risk of losing when the price gets dumped as well since the coin you owns increases.
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well atleast vaccine is about to go out so the problems you mentioned some of them aren't gonna happen but maybe we gonna see some dramatic change in policy and restriction by the US against crypto or anything that affects economy worldwide. But honestly it's not gonna be any different than it is right now. Back then trump said he gonna make wall at all cost then turns out there's no wall but 5miles. it's all just campaign gimmicks man.
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I have thought that one key advantage crypto (bitcoin, litecoin, Dash, monero etc.) has over gold is that its supply level is fixed and transparent, but can this or features make crypto more valuable than gold?
Actually a lot of people in the world who know about cryptocurrency, For them, crypto is already valuable than gold. But in real world we can deny that gold is valuable than cryptocurrency, the real asset which resistant to inflation. Everything has its own advantages and lack, so combining between gold and crypto I think this is good step Might be true for people in developed country but in developing country which not all of them have real access to the internet they still thought crypto as some kind of shady thing because they just don't know about it enough and still put gold above anything else. There's still an untapped market out there waiting to be covered when the internet reaches them and hopefully it will. For me golds are still valuable than crypto currencies because the crypto currency's existence cannot be predicted if until when it lasts but gold? You can find it everywhere and can be use as a mode of payment. And also golds are much expensive than crypto currencies that is volatile. You'll never know when will its price rises or falls.
tbh gold seems valuable because people says so otherwise it's just another minerals.
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This is what the first transaction of buying bitcoin with PayPal looks like: Circle CEO Jeremy Allaire hinted that the function is now available for a limited number of persons. Looks kinda neat tbh but is it paypal that provides the btc as an exchange or just become middleman here? I think if paypal really trying to make profit off crypto might aswell start their own exchange and gain profit from the margins but it might be complicated for a major corporation like them. Still glad that now paypal account could be more of use than just buying things off amazon.
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good idea In my opinion. decentralized stablecoin could compete with centralized ones in privacy sector unlike centralized that owned by private company although the stablecoin right now already fills our need but always welcome new innovation We don't need more stable coins, the most popular among the list of all stable coins we have is USDT, USDC and DAI but we have many more like
1. TUSD (True USD) 2. Paxos Standard 3. Ndau 4. HUSD 5. Stasis Euro 6. Binance USD ( BUSD)
Don't you think we already have enough?
what were talking here are decentralized stablecoin which differ greatly from centralized.
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