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1041  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What happened to the crypto market now? on: July 30, 2023, 04:15:33 PM
Bearish, correction, manipulation all of that is very normal in crypto. In investment it pretty normal and we can't expect to see green candle every single day. If you scared with market correction i suggest you just DCA your fav coin.

Inexperienced crypto traders and/or investors are the ones who usually panic when they see wild fluctuations in crypto market prices. Especially when everything is going down the drain at a very fast pace. This is perfectly normal, since the crypto market is small compared to other markets. A lot of liquidity is needed to help stabilize the crypto market.

For those who truly understand how crypto works, a huge dip in price means a huge opportunity to buy coins at a discount. Based on previous market behavior, prices bounce back to their original levels (even higher) after an extended "bearish" season. Just stick to the rule of buying low and selling high and there should be nothing to worry about. Who knows how far will the crypto market go? Just my opinion Smiley
1042  Alternate cryptocurrencies / Altcoin Discussion / Re: Is NFT's hype over? on: July 30, 2023, 04:10:24 PM
I have different vision. I think that NFT hype is over. Like every hype in crypto industry - it lasts for a year, maybe a bit longer maximum. Why do you think that hype isnt over? I see no loud articles in media about NFT, I see no scandals or scams connected with NFTs. People tried to restart NFT hype, when we had news that NFT now are on Bitcoin blockchain. This fact indeed worried a lot of people, as it made blockchain transactions cost more, but right now, one or two month has already passed and only few people remember about it.

The problem of NFTs was that it is easy to buy it, but it is hard to find a buyer. Now people have bought NFTs, and dont know how to sell it. They froze their money and have to wait and observe how values of their NFT go down (and yes, NFT prices went down heavily) or how inflation slowly kills their investment.

NFTs have no real utility other than being purely-speculative assets. Only a small fraction are actually useful. It's hard to turn a profit with your NFT, especially when people quickly move on to the next big thing in crypto. I see NFTs as a passing trend meant to enrich those who get early into the game. Whales and NFT creators are the lucky ones, while the rest are left behind in the dust. The hype will revive itself once BTC turns bullish for an extended period of time.

I'm yet to see whenever existing NFTs will become a big hit by the time this happens. I wouldn't suggest you go all in NFTs to help avoid huge losses in the long run. Who knows what will be the next thing to take the crypto world by storm? Just my thoughts Grin
1043  Economy / Services / Re: [Crypto.Games] ★ Signature Campaign ★ Hero - Legendary[Full] ★ on: July 30, 2023, 10:27:42 AM
Payment processed.

Got it. Thank you! Cheesy
1044  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will Tether crash to $0? on: July 28, 2023, 09:49:10 PM
what important is not popularity, its whether the reserved funds of tether as a company matched with their total supply, we all know stablecoin backed by something in retaining its value and if it didn't match it only means one thing, a disaster.

If they play by the rules, there should be nothing to worry about. But I have a feeling people will trust CBDCs more than stablecoins, because they will be backed by the government. Tether's been known to have a shady past, so I'd proceed with caution.

If you want something reliable (sort of), then I'd advise you sell your crypto to Fiat (especially the USD). Ultimately, the market will determine the fate of stablecoins like Tether and USD Coin. Who knows if they're eventually replaced by CBDCs? Just my thoughts Grin
1045  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is it advisable to invest on Solana? on: July 28, 2023, 07:44:42 PM
Well if you think Web3 games are going to be big, than I think it is still good to invest in Solana. It has launched Gameshift to make it easier for Web3 game development.

https://gameshift.solanalabs.com/

https://www.prnewswire.com/news-releases/solana-labs-introduces-gameshift-to-simplify-web3-game-production-301880066.html

It seems that Solana is driving its focus on Blockchain gaming. Not a bad idea, but it would've been best if developers addressed the network outages first. In the world of Blockchain gaming, I believe Play to Earn (P2E) games are the hottest ones around. SOL might gain traction if game developers from other projects move to its chain.

There are rumors that FTX will make a comeback, so who knows if Solana reaches a new ATH in the future? As long as you don't put all of your eggs in one basket, there should be nothing to worry about. Yhat said, only time will tell us how far Solana will go. Just my opinion Smiley
1046  Economy / Economics / Re: Federal Reserve launches FedNow instant payment service on: July 28, 2023, 07:35:06 PM
The difference that makes Bitcoin and this different from each other is decentralization. Everything that involves the government is totally centralized and they do it because they want control over everyone. As long as you are using services that are provided by the government, they are in control of your personal life. Bitcoin put all of that control shit in the trash. And that's the beauty of Bitcoin. No one will have control over your things. You are the owner of your stuff.

Even if we talk this and that about Bitcoin and govt. services, it will always depend on personal preferences. Those who know about Bitcoin and what it could do, also who are concerned about their privacy. They will use Bitcoin for sure. I have never heard of anyone who knows in depth about Bitcoin not using it. Those who are ignorant or don't know about Bitcoin and have no concern about their privacy will have no problem using government-issued services. This is all about knowing. If you have enough knowledge about bitcoin, you won't ask this question in the first place.

People truly don't understand Bitcoin's value proposition. It's not about making money with it, but rather using it as an alternative to existing Fiat currencies. By using it, you're getting freedom and privacy in return. In some ways, you'll be "liberated" from the evil clutches of central banks and governments alike. After all, these entities can't freeze or touch your Bitcoin.

FedNow is just a centralized ledger meant to benefit banks more than individuals using it. I believe it's the incarnation of the US Dollar in digital form (CBDC). This won't affect Bitcoin whatsoever. That is if Bitcoin remains decentralized for long. The day Bitcoin becomes centralized (I hope it never happens) will be the day when governments will win. Who knows if FedNow will make so-called stablecoins a thing of the past? Just my thoughts Grin
1047  Alternate cryptocurrencies / Altcoin Discussion / Re: Why are altcoins important? on: July 28, 2023, 07:30:32 PM
Altcoins are a good example of how easily you can fool an investor when presented with a bitcoin-like concept that is a complete vaporware in reality. We dont see much of the newly launched altcoins make any headlines after a couple of years - if you look deeply in the net you will find that they have been on a ghosting mode or making up shit excuses and delaying stuff, in reality they have gone bankrupt and have abandoned the project.

What matters is the lesson learnt from them. Give at least two years to any altcoin project before making your move on it - remember that your money is hard earned.

Ethereum was once a waporware cryptocurrency, until it faced heavy pressure from investors. Most altcoin projects tend to launch their own token or cryptocurrency without having deployed their own Blockchain network first. TRON started this way, as well as, EOS. They now have their own independent blockchain networks competing against top industry players. Altcoins like Holochain (HOT) and Maidsafecoin (MAID), remained waporware to this date. Investors who bought such coins were scammed big time.

As to the question of why altcoins are important, it's simple. They are needed to help test the Blockchain's true limitations and/or capabilities. Without altcoins, Bitcoin would become a complete disaster. After all, you can't scale a single Blockchain network for millions of people worldwide. Altcoins bring new features to the table, while relieving the main BTC blockchain from high transaction load. Who knows how big will the altcoins market grow in the future? Just my opinion Smiley
1048  Bitcoin / Bitcoin Discussion / Re: US Presidential candidate announces plan to back the US dollar with Bitcoin on: July 28, 2023, 07:26:31 PM
I feel is too late to back up a currency like the dollar, because to make from that a reality they would have to first pay the Debt they have, and that amount is a joke. We are talking about a $101,515,840,000,000 dollars. And how can you back up a currency with an astronomical debt like that, Is just impossible. And that debt will stay there forever, it will only grow up because the debt is the perfect tool to make from money an infinite element. And the reality is that the world doesn't have the balls to make them pay that debt. So, it's easy for them to increase it each year.

The US Dollar is on a slow path of decline. Either the US pays its debt, or goes on default. This last one is not an option, due to the chaos it would create worldwide. The idea of backing the USD with BTC is only a way to gather the support of crypto industry players and individuals alike. It will "stabilize" the USD, but it won't solve the debt problem.

I'm yet to see if Mr. Kennedy Jr. will gather widespread support from US voters on Election Day. Especially when there are other presidential candidates with a stronger agenda and political experience. Unless most people in the US are Bitcoin supporters/users, don't count on Robert F. Kennedy Jr. being elected as President of the United States anytime soon. At least, we're beginning to see pro-crypto candidates in the country and abroad. Who knows if we're closer to "hyperbitcoinization" than we've previously imagined? Just my thoughts Grin
1049  Bitcoin / Bitcoin Discussion / Re: US Presidential candidate announces plan to back the US dollar with Bitcoin on: July 27, 2023, 08:16:53 PM
Great news indeed!

But linking bitcoin with fiat, would this be a strong selling point for the USA citizenry to vote for him Roll Eyes

By the way, all things considered this is a big gamble , especially that BRICS is equally speaking the same language when it comes to crypto and the alike , and now the USA wants to take this route when Robert F. Kennedy Jr wins...something not adding up, or is it a technological war in the making as they fight for supremacy.

Of course. It would be like linking the USD with Gold. Only that Bitcoin is better with a finite supply and decentralized design. Mr. Kennedy Jr. now added 14 BTC to his portfolio. This is an indication that the US Presidential candidate is taking the cryptocurrency seriously. We need as much crypto-friendly politicians in the US as possible to help advance "hyperbitcoinization" for good. The more countries join the revolution, the better.

The question is, will Robert F. Kennedy Jr.'s Bitcoin support allow him to gather the necessary votes to win the 2024 race? Only time will tell us if this will happen. Let's all buy and hold Bitcoin before it reaches a new ATH. Just my opinion Smiley
1050  Alternate cryptocurrencies / Altcoin Discussion / Re: Is now a good time to buy BNB? on: July 27, 2023, 05:01:25 PM
But since the lawsuit with the SEC has been resolved, I don't believe that there's any major reason to worry at the moment. Although BNB's price has yet to recover to pre-lawsuit levels, it's still not that low to raise any major concerns. On the contrary, it might be a decent opportunity to acquire it now that it's more affordable. I've already bought some, hoping that I don't regret it in the future; however, it's very unlikely for BNB to crash, especially after a resolution is found, because that would cause a chain reaction to other altcoins and ultimately to Bitcoin, due to the excessive trading volume Binance has.

BNB is still a bargain. Prices are relatively stagnant, making it a great opportunity to buy and hold for the future. Once the US government embraces crypto with open arms, market prices will be a lot higher than what they are right now. Congress already introduced a new crypto regulatory framework, so it should only be a matter of time before the SEC softens its stance against the industry.

One thing for sure is that BNB with a huge advantage over its competitors. After all, Binance is the world's largest crypto exchange. Let's hope all goes well in the long run for BNB holders. Just my thoughts Grin
1051  Bitcoin / Bitcoin Discussion / Re: Lost bitcoins on: July 27, 2023, 04:55:47 PM
I disagree that there is no such thing as a donation. I am sure in the years of 2008-2012 people who held Bitcoin may have had the idea that by destroying supply in some way, would positively contribute to the economics of Bitcoin due to reducing the supply. These actions would be considered donations to the network. It's very unlikely that this still happens with similar amounts. Maybe similar things happen today, though it just seems less likely due to value difference at that point until now.

Those who irresponsibly held their coins and then lost access to them did not voluntarily donate to the network like the above, rather their own actions and unfortunate circumstances led to an involuntary donation to the network, as their loss becomes beneficial to the economics of Bitcoin (again, less supply).

I agree that bruteforcing is unlikely to ever be successful and if it ever is near, a patch will be implemented prior to it being deployed against Bitcoin....I hope.

There are also "dormant" Bitcoins which are kept in a cold storage wallet for later use. Some people believe these coins are lost because of the inactivity on the Blockchain. There's really no way to tell if Bitcoins are lost or dormant. But you can rest assured that BTC won't be affected just because some people lost their coins. There are plenty of satoshis for everyone to get into the game. The more coins lost, the higher the price of a Bitcoin will be.

I'd focus on buying and accumulating BTC to prepare myself for the future. Who knows if we're closer to $1m per coin than we've ever thought? Just my opinion Smiley
1052  Alternate cryptocurrencies / Altcoin Discussion / Re: High gas fee for sending token is still a problem on: July 27, 2023, 04:50:09 PM
Current my transaction few days later when claiming coins with ERC20 network, spent almost $20 with $8 fees for claiming and left $2 for sending coins, in my wallet still left 10$ and I filled huge amount for protecting with gas transaction up and down drastically. ERC20 network have higher gas fees for transaction, we need spent more than fees to anticipation if transaction failed and we still have enough fund for sending coins.

Today have many option for lower fees transaction because all network have tried with lower fees from Solana, Matic, and BSC, but many coins dominance by using ERC20 network and we need have much fees for sending than other network needed under $1 will be success sent coin or claiming coins from pre sale.

Fees are insanely-high. An ordinary person won't be able to interact with the ETH blockchain on a daily basis. Only whales and the wealthy will. Luckily, not all hope is lost since developers are planning to introduce a series of network upgrades aimed to improve scalability. The first step towards the reduction of on-chain gas fees would be to implement Sharding. With upgrades such as Proto-Danksharding and Danksharding, ETH will become bigger and better than ever.

In the meantime, we have no other choice than wait until gas fees decline, use an off-chain scaling solution such as Arbitrum or Optimism (L2), or simply move to an alternative Blockchain network. Who knows what ETH's future will look like? Just my thoughts Grin
1053  Economy / Economics / Re: Federal Reserve launches FedNow instant payment service on: July 27, 2023, 04:47:19 PM
Bitcoin might be decentralized but people are not decentralized unless they renounce their usa citizenship. They still have to pay taxes. Still are accountable for how they use bitcoin. Right now the government doesn't really demand to know the identities of everyone they transact with and for what purposes but they could. And people would have to comply with that. So it's just an illusion that bitcoin really gives anyone any control. The government is the one in control in any event. No matter if they use bitcoin or just traditional fiat. But enjoy the illusion, is what I say!  Shocked

Yes. We still can't avoid the government. One way or another, they have control over everything we do in life. Still, that doesn't mean Bitcoin can't be decentralized. If the government can't control it, everything will be just fine. I see FedNow as a way for the US government to solidify the USD's position as the world's reserve currency. Payments between banks and individuals will be a lot faster and cheaper than before. This might be the new CBDC everyone was talking about.

I'm yet to see if FedNow will compete directly with BRICS' new currency in the long run. For people like us, there's nothing we need to do other than keep using BTC as an alternative to Fiat currencies. It's been doing fine since day one, so I'm certain it'll last alongside the USD for generations. Who knows how CBDCs will reshape our society? Just my thoughts Grin
1054  Alternate cryptocurrencies / Altcoin Discussion / Re: Do meme coins have a future? on: July 26, 2023, 03:19:18 AM
The reason binance included Pepe and Sfloki is of course because the coins are hype with very large volumes. that would be a huge boon for Binance. CZ himself also warned that meme coins would be very risky, but in fact he made a lot of profit even if meme coins went up or down. Those who enter into meme coins are of course with the aim of getting big returns faster. But they were wrong to have started with a price that was too high, this is because the FOMO that kept happening made everyone start to be interested in entering.

It's all about the money. Not because "meme" coins are taken seriously by mainstream crypto exchanges, startups  and companies alike. As long as you're able to make money by "riding the hype", nothing else matters. With all of these "copycat" Dogecoin clones, we should expect the worst in the long run. These "meme" coins increase the level of scams on the industry. It's like garbage all over the place.

I'd focus on serious cryptocurrencies that actually "deliver the goods". Development and innovation is what counts (utility). Not the hype. Hopefully, people will understand what they were getting into when "meme" coin prices go all the way down the drain. I'm certain DOGE will be the only "meme" coin left, while others disappears due to the lack of hype. Just my thoughts Grin
1055  Alternate cryptocurrencies / Altcoin Discussion / Re: Can NFTs last forever? on: July 26, 2023, 02:55:59 AM
Yeah...in the beginning the development was sketchy.  They certainly took advantage of NFT hype and got out ahead of their skies.  They have several years worth of development under their belt now and have a whole new team, including Chris Clay, former Game Director for MTG: Arena. The difference between a game like Hearthstone and a game like Gods Unchained is the NFT, true ownership of game assets secured by a blockchain. In Hearthstone, the platform controls the cards....In Gods Unchained, the user owns the cards, and they can trade them on the decentralized markets, permissionlessly.

I'm not trying to endorse Gods Unchained, it's just an example of a usecase for NFTs other than goofy ape jpegs and pfps.  It's also a good example of how the various layers of abstraction add utility to the NFTs, while maintaining the same level of security, without bloating the main blockchain. Anyway, I'm just saying....I don't think NFTs are going away --> they're just becoming more utilitarian.  It's exciting stuff.

Yes. NFTs are becoming more useful than speculative lately. I guess the industry is maturing faster than I've thought. The hype still isn't over yet, so we should expect some speculation in the time-being. With improvements being made in the ETH ecosystem, I don't think NFTs will disappear anytime soon. What needs to be dealt with is the long-term data preservation of an NFT. Centralized servers are not ideal for this kind of new trend. It's the anti-thesis of crypto/Blockchain tech's decentralization and censorship-resistance.

I hope developers make good use of decentralized CDNs like Arweave and IPFS for the good of the industry. Luckily, data from Bitcoin's Ordinals inscriptions are all stored on-chain. ETH, and other similar smart contract platforms need to do this without sacrificing scalability. The sky is the limit to how far NFTs will go. Who knows if buying prominent NFTs now will make you rich in the future? Just my thoughts Grin
1056  Alternate cryptocurrencies / Altcoin Discussion / Re: Tron could be next doge or ada? on: July 26, 2023, 02:50:51 AM
It it wise to avoid tron without any future expectations. Cause it doesn’t have fuel to fly like doge or ada. When tron launched, people liked it a lot as it offered something that was need in that time but now a lots of coin have come in crypto market as tron's compitator and those are far better. Even more altcoins will come in future with more update but tron still standing where it was in past. So try to analysis with other potential altcoins

It was all hype since launch. Nothing innovative about the project, other than being a smart contract platform with DPoS as its consensus mechanism. It's like a combination of both ETH and EOS. Justin Sun stopped shilling the project some time ago, so don't expect TRX to gain traction anytime soon. The cryptocurrency will only be used for stablecoin transactions and gambling.

Stablecoins like USDT and USDJ have kept TRX afloat after all these years. If such stablecoins stop trading (especially USDT), it will be the end of TRON for good. I think it's time to focus on other projects that bring real value (utility) to the world. Both ADA and BNB are better alternatives, so why not choose them over TRX for all things "De-Fi"? Just my opinion Smiley
1057  Economy / Economics / Re: Federal Reserve launches FedNow instant payment service on: July 26, 2023, 02:46:30 AM
FedNow advances modernizing the American banking sector. This long-awaited move could alter company practices. This strategy has several advantages, including instant money. Comparing this to Bitcoin may be apples and oranges. They have various purposes and ideas. FedNow wants to simplify banking transactions, but Bitcoin provides privacy, security, and freedom from central authority. FedNow lets you send money worldwide, but Bitcoin may be better if you want to keep your finances private or avoid fiat currency instability

Exactly. Why would people stop using Bitcoin after the inception of FedNow? After all, they won't get the same level of privacy and freedom with a government-backed digital currency. The US government is not that stupid. This new system will make them bigger and stronger than ever. It will become the cornerstone of their new CBDC. I seriously doubt the government would be using Blockchain tech for this. Even if they did, it won't be a Blockchain because of its utterly-centralized design.

I once thought the US was going to use the XRP Ledger for its own digital USD, especially when XRP is a tried-and-tested network. A pity because this will leave XRP behind in the dust. Who knows what impact will FedNow have over the US Dollar's dominance as the world's reserve currency? Just my thoughts Grin
1058  Alternate cryptocurrencies / Altcoin Discussion / Re: Circulating supply matters to you? on: July 26, 2023, 02:40:12 AM
Small circulating supply profits a project that's why Bitcoin has only 21 million supply and the price is around $30k because of the low supply and we have other projects benefiting from the low supply and we can see their price high which is why other projects with high supply like BNB is burning their supply so they can reduced their circulating supply to attract more investors.
If a coin like Dogecoin had a small circulating supply it would had been worth more than $100 because of the hype the project has but because it doesn't have a maximum supply, it'll be very difficult for the coin to pass $1. Other project like Shiba Inu will take forever because of the trillions of supply the coin has. Large communication also is important for a project success.
We have many things that contribute to the success of a project and having limited supply is one of them then we have the community support and the marketing of the project. Many projects aren't worth what they're valued but because of their marketing they're among the top projects. So a token having just small circulating supply doesn't mean it's a good project to invest into.

Circulating supply is one of the many things we need to consider when investing in a cryptocurrency. Just because the supply is low, doesn't mean the coin will be a huge success. Like I've said before, you need to consider how active a coin is in terms of development and innovation. As long as it's driven by utility (not speculation), you can be sure it will last for a very long time. Probably forever. Such is the case with Bitcoin and Litecoin (although LTC is not that actively developed as BTC is).

I'd advise you play your cards right by investing in these two coins alone. ETH is another option, even though its supply is finite. Who knows how far these coins will go in the next bull market? Just my opinion Smiley
1059  Bitcoin / Bitcoin Discussion / Re: Lost bitcoins on: July 24, 2023, 08:57:30 PM
Lots of stuff that affects the price of bitcoin, the ones at circulation are just a factor of it. If it were to be discovered and returned into circulation, depending on if it were to be sold outrightly, or if it were to be sold to be traded yields two different outcomes. The former causing the price to go down cause it depreciates the value of bitcoin by dumping some of it especially if it's a substantial amount, but the latter wouldn't do much cause at the end of the day, nothing of value is lost.

I would argue that the recovery of lost bitcoins would even be great for bitcoin cause at the end of the day, that's more bitcoin that would be in circulation with more people being able to buy and use it, so whether they sell it or not, the price change will be temporary, but the benefits will stay with us until bitcoin's gone.

I'd tell you Mr. Craig Wright tried to recover lost coins on his Bitcoin SV blockchain, only to face opposition from the community (as far as I'm aware). Don't expect BTC developers to do the same, especially when it's in their best interests to keep Bitcoin a deflationary cryptocurrency. As Satoshi stated before, “Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.” If lost coins are recovered, doesn't that make BTC similar to banks? I'm fine with Bitcoin just the way it is.

People should assume responsibility by protecting their Bitcoins from being lost in the long run. If they're lost, they're gone for good. Think of it as cash (paper money). Only that it's not controlled by a government or central bank, and it's deflationary by design. Who knows how much BTC will be worth in the future as coins are removed from the circulating supply? Just my thoughts Grin
1060  Bitcoin / Bitcoin Discussion / Re: US Presidential candidate announces plan to back the US dollar with Bitcoin on: July 24, 2023, 08:25:23 PM
US Presidential candidate Robert F. Kennedy Jr. announces plan to back the US dollar with Bitcoin. Do your think it is a good idea?
source: https://www.thestreet.com/cryptocurrency/rfk-jr-announces-plan-to-back-dollar-with-bitcoin-end-bitcoin-taxes

Of course it's a good idea. It's like going back to the Gold standard. Only better because BTC is decentralized and it's easy enough to carry anywhere (portability) unlike the beloved "yellow metal". Mr. Kennedy Jr. knows there are a lot of crypto supporters in the US, so he needs their vote if he wants to gain an advantage over his rivals. After all, Bitcoin is the future of money. It cannot be ignored, whenever mainstream governments like it or not.

While the chances of Robert Kennedy Jr's election win are pretty slim, anything's possible. There are a lot of crypto industry players disappointed with the Biden administration's tough stance against crypto, so it's likely they'll vote for crypto-friendly presidential candidates. Who knows if the US will become extremely-friendly to crypto (especially Bitcoin) in the future? Just my opinion Smiley
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