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1081  Alternate cryptocurrencies / Altcoin Discussion / Re: Promising altcoins? on: July 20, 2023, 04:55:45 AM
If that is your preference then I suggest you give away a large portion of ETH. I think BNB and XRP are the blue chips for crypto but seeing the news about the conflict between SEC and Binance I think it's going to be a bit of a stretch. XRP is also subject to a lawsuit from the SEC though I don't really know how that goes. But what I do know is that these 2 tokens are in trouble with the SEC and this is not looking good.

XRP recently won a lawsuit against the SEC, so all hope is not lost. I think BNB will also emerge victorious considering that Binance has lots of resources at its disposal. It's the behemoth of the crypto industry, so US lawmakers will think twice before making a decision that will cause Binance to leave out of the country. Like it or not, BNB is a solid investment compared to SOL and even TRX itself. It's just like ETH only with faster confirmation times and cheaper gas fees. All of that is possible thanks to BSC's consensus mechanism.

I'd consider ETH, XRP, and BNB as the "blue chip" investments that will go all the way to the moon in the future. Do not miss this opportunity to buy coins at a huge discount. Who knows who'll be the lucky ones to strike it rich in the long run? Just my thoughts Grin
1082  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is it advisable to invest on Solana? on: July 20, 2023, 04:49:11 AM
thats true seeing current circumstance of solana just doesn't seem like its gonna be rising anytime soon.
moreover it has rather been stagnant for quite some time.
the fact that some API providers are closing their service just means maybe the development in the solana blockchain isn't that great.
moreover I think it will be kept overshadowed by newer blockchain emerging though the fact that its market capitalisation still great stands still.

Solana had the opportunity to take the crypto world by storm. But it blew it with the constant network outages. On top of that, FTX's collapse added more pressure against SOL's market price. I doubt it will ever rise back to $200, unless developers get their act together. They need to solve Solana's network issues so that investors could gain confidence on the project once more.

With many competitors striving to beat down Ethereum, Solana will have a hard time catching up to its rivals. At least, the project is open source. The community might decide to fork off the original chain to make an improved version of their own. I'd love to see a stable Solana-based blockchain that would render ETH obsolete. Who knows if our dreams come true someday? Just my thoughts Grin
1083  Alternate cryptocurrencies / Altcoin Discussion / Re: Is now a good time to buy BNB? on: July 18, 2023, 06:30:58 PM
Have you noticed that everything in the crypto industry that offers decentralization, fast transactions and cheap fees is extremely unpopular. I've always wondered why this is the case and people are increasingly drawn to networks that violate the main principles of cryptocurrency, i.e. they are centralized, they are expensive and they are not the fastest. BNB and ETH are the most prominent examples of such non-ideal networks, but at the same time have such a huge impact on the entire crypto industry.

It's no secret that decentralized cryptocurrencies are often unpopular. After all, most people want convenience on top of everything else. We can blame governments and Wall Street itself for making the crypto industry centralized. While truly-decentralized cryptocurrencies often have a small market cap and a lower market price, that doesn't mean they'll die in the long run. It's utility what counts.

BNB may not be decentralized, but it has a high chance of reaching a new ATH in the future. That's because it's backed by the world's largest crypto exchange. It wouldn't hurt to buy a few coins just in case it goes all the way to the moon. Who knows who'll be the next lucky "winners" to hit the jackpot? Just my thoughts Grin
1084  Other / Archival / Re: Why has bitcoin adoption failed in El Salvador? on: July 18, 2023, 06:25:30 PM
After seeing a discussion in this thread about the level of support for bitcoin adoption in El Salvador, I decided to look for some stats data. Surprisingly, I found publications only about two surveys. One was carried out immediately, back in 2021, and the percentage of disapproval of such a decision was at the level of 67.9%. Last autumn, the same institute conducted another survey, the level of disapproval of accepting bitcoin as a legal tender was still very high, 65.5%. And this despite the fact that the level of approval of Bukele himself was 87% last year.

I thought the government's efforts to spread the word about bitcoin were doing more. It would be interesting to see how the opinion of the Salvadorans has changed this year, because after all, there is a lot of good news related to bitcoin from this country. I hope Salvadorans see the benefits of bitcoin before Bukele leaves office.

There's still a lot of skepticism when it comes to using Bitcoin as an alternative to Fiat within El Salvador. It's going to take quite a long time before we see some progress. Everything will depend on President Bukele's efforts to speed up adoption for the cryptocurrency. Compared to other countries, I'd say El Salvador is already one step ahead of the game. Especially when the US Dollar is prone to collapse soon (not to mention that other Fiat currencies are faring worse).

The sky is the limit to how far Bitcoin adoption can go within El Salvador. Who knows if the "Bitcoin City" project will boost the country's economy faster than we've previously imagined? Just my opinion Smiley
1085  Alternate cryptocurrencies / Altcoin Discussion / Re: Tron could be next doge or ada? on: July 18, 2023, 06:20:06 PM
Some shitcoin somehow rank the top, tron is one of those. Inspite of top coin, tron is pure shitcoin. It has lots of facilities, blockchain, fast transaction with low fee and all facilities that a potential altcoin shoud have but inspite of that, it is shitcoin. No development, no progress.  Just people including me, using tron network for low transaction fee. Otherwise it get vanished yet. Dont expect anything from it

It's the sad truth, my friend. TRON is nothing more than an abandoned chain in terms of development and innovation. It may have lower fees and faster confirmation times, but competing chains have better features and a wide array of dApps and tokens to choose from. I think TRX will end up turning into a speculative cryptocurrency unless developers step up to the game. It's possible market prices will remain below the $1 range for a long time. Probably forever.

The tougher the competition, the less chance TRON will have towards becoming a big hit in the future. Maybe it's time to look for other alternatives? Just my thoughts Grin
1086  Alternate cryptocurrencies / Altcoin Discussion / Re: Do You trust Tether (USDT) Stablecoin? on: July 18, 2023, 06:15:19 PM
It may sound ironic but to this day I still prefer to use BUSD instead Tether when comes to stablecoins. Even when getting sued by the SEC, BUSD has managed to keep its peg and continues to deliver FIAT in exchange of their tokens in a reliable way, that is specially remarkable considering it is a coin which is not allowed to print more tokens as the lawsuit against them does not resolve.  The circulating supply continues to decrease and the peg holding its place can be translated to a positive future for this stable-coin in the case Paxos proves BUSD is not a unregistered security whatsoever.

BUSD to this day has proven that was always fully backed.

BUSD is not as widely accepted as USDT is. It's not a multi-chain stablecoin, and it's currently facing issues with the SEC. Tether (USDT) has first-mover advantage, so it has everything necessary to retain its place on the market for a long time. The world's largest stablecoin by market cap hasn't lost its peg to the USD yet. Regulatory-compliance is the key for long term success of any stablecoin.

Let's see if Tether will be able to meet the everyday challenges of US regulatory agencies, in a highly-evolving industry. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Just my opinion Smiley
1087  Alternate cryptocurrencies / Speculation (Altcoins) / Re: XRP - yes or no? on: July 18, 2023, 06:12:27 PM
I have only been into XRP for 2-3 months and I haven't sold yet.

Even I have been left feeling ‘is that it?’ as it didn't even 2x in price after everyone saying it will 5-10x once they win the case. It has even been relisted on Coinbase and that doesn't seem to have done anything.

I will continue holding and wont sell any until I 3x my money at least which would mean XRP going to $1.25.

If I had been buying the last 2 years like many have then I would be disappointed with the outcome so far but I do think we will see another pump soon and eventually get past $1.

It's very likely XRP will cross the $1 mark after the partial victory in the court. How long will that last is a mystery. I really hope that XRP gets used for real world applications instead of being a purely-speculative crypto asset. Now that XRP is not a security, we should see additional exchanges listing it soon. Coinbase might get back to XRP trading because of the court ruling. Only time will tell us if this happens or not.

I'm glad XRP won the battle against the SEC, even though I don't like the way it's organized (centralization). This will make the crypto industry flourish once more within the US. Who knows if XRP keeps soaring until it becomes the third-largest cryptocurrency by market cap? Just my thoughts Grin
1088  Alternate cryptocurrencies / Altcoin Discussion / Re: Do meme coins have a future? on: July 17, 2023, 04:35:10 PM
Why I think that Dogecoin will go that far?

It's the most beloved of the community ever since the pop up of these meme coins. Maybe you haven't seen Dogecoin in the past, it's a fun coin that everybody loves.

But maybe, not you and you haven't really seen its existence even before. The majority of these meme coins will be gone but Doge will stay.

PS: I don't hold Dogecoin.

That's because most "meme" coins are straight clones of Dogecoin. You simply can't beat the real thing. I don't get why people keep buying SHIBA and PEPE like crazy. These coins are "fool's gold" to say the least. The real action is on cryptocurrencies like Bitcoin and Ethereum. They're serious projects meant for serious use in the real world.

I wouldn't be surprised if Dogecoin remains the only "meme" coin in existence. Most people will become "rekt" due to bad investment decisions. The hype is just getting started, so expect to see new "meme" coins appear in the timebeing. Just my thoughts Grin
1089  Alternate cryptocurrencies / Altcoin Discussion / Re: Circulating supply matters to you? on: July 17, 2023, 04:30:16 PM
Circulating supply is an important issue in the cryptocurrency world. A project circulating supply represents the total number of coins or tokens available on the market and actively circulated among investors. This directly affects the value and market capitalization of cryptocurrencies. We know that low supply creates scarcity in the market which causes the price to rise and more supply can lower the value of the token meaning demand decreases. Investors often consider supply trends when evaluating a cryptocurrency growth potential and determining its attractiveness as an investment. However, other factors such as the project underlying technology, use cases and overall market conditions should be analyzed and then invested in instead of relying solely on the advertised supply.

When the supply is huge, coins often turn into a scam or become worthless in the long run. Most people don't understand the importance of a coin's circulating supply, as they invest blindly with the hopes of turning a profit in the least time possible. Based on what I've seen, the vast majority of altcoins have a large circulating supply. Only a small few are finite by design. Yet, most altcoins are rising in price like there's no tomorrow. Even ETH is near the $2k range. I guess cryptonomics works in a different way.

What really matters is what real use cases a cryptocurrency provides. Not the price. As long as it's being constantly developed and maintained by the community, there should be nothing to worry about. Who knows which will be the next coins to gather the attention of mainstream investors and traders alike? Just my opinion Smiley
1090  Alternate cryptocurrencies / Altcoin Discussion / Re: Why are altcoins important? on: July 17, 2023, 04:25:38 PM
Altcoins being used mostly for speculation purpose. The fact that if altcoin is also having another usefulness like give native coin user a cheap way to send their money. I remind you how expensive the bitcoin and ethereum transactions are. That's why altcoin gives alternative way for people to send or receive their money with lesser fees compared used native blockchain like bitcoin or ethereum.

They're all experimental grounds meant to test the Blockchain's capabilities/limitations. Without them, BTC would've been full of issues by now. I know BTC maximalists prefer to have only one Blockchain, but this simply can't be done. Especially when you need to meet the demands of everyday users. If you scale BTC to the masses, it would become extremely-centralized.

That's where altcoins come in. They're cheap, fast, and full of new and untested features. Most people don't care about the tech, as they're only focused on the profits. While altcoins bring huge profit opportunities, they can also go all the way down the drain in an instant. With BTC, there's less risk involved. Crypto is just getting started, so expect to see more altcoins emerge in the future. Just my thoughts Grin
1091  Alternate cryptocurrencies / Altcoin Discussion / Re: Can NFTs last forever? on: July 17, 2023, 04:20:10 PM
Using the blockchain as cloud storage is not really scalable. NFT protocols don't actually store images directly and instead what you are paying for is proof that you own something that is outside of the blockchain. There's been some instances where people's NFTs disappeared from their wallet because Metamask couldn't connect to a third party API. As long as you are relying on centralized databases then their is no guarantee that your NFT will last forever.

I believe Ordinals stores the whole content (data) of the NFT on the Bitcoin blockchain. But as far as ERC-721 tokens go, only the proof of ownership is stored on the ETH blockchain. This approach reduces the burden on the Blockchain, but NFTs could be lost as they're stored on a centralized server. One needs to make a balance between both kinds of NFTs' advantages/disadvantages to make a decision.

If we are really pushing for full decentralization, then it'd be best to store the data of the NFT on a sidechain or off-chain scaling solution (L2). The NFT trend is just starting to blossom, so I'd give it more time to see what happens. Who knows which NFTs will be able to last for generations? Just my opinion Smiley
1092  Alternate cryptocurrencies / Altcoin Discussion / Re: Tron could be next doge or ada? on: July 17, 2023, 04:15:16 PM
Tron has been existing as far back as 2017 when it first launched on Ethereum network before it migrated to its mainnet. But it's total supply is too huge to have a growth recorded by chain that launched after it with limited low supply like Solana. Polygon MATIc with a total Supply of 10 Billion coins and huge utilities even finds it difficult to go above $3 let alone less used chain like TRON network with too huge supply.

I think that's more of a feature than a bug. You see, a high supply helps keep market prices low. For a smart contracts platform such as TRON, this is ideal to encourage widespread use of dApps and tokens on the Blockchain. Otherwise, a high-priced TRX would make gas fees utterly-expensive. Consider how ETH is having trouble getting the attention it deserves because of the high gas fees. That's a result of limited scalability and high market prices.

Despite TRON being abandoned by mainstream dApp developers (sort of), it's still useful for sending/receiving payments at a fraction of the cost. The chain is mainly used for stablecoin transactions and gambling. I don't think it will turn into another DOGE because it brings real use cases to the world. Who knows if someday the TRON project resurfaces as one of the main contenders of the ETH blockchain? Just my thoughts Grin
1093  Economy / Economics / Re: New currency from BRICS countries on: July 16, 2023, 05:25:53 PM
Couple of hours ago there is in news on Twitter saying BRICS countries (Brazil, Russia, India, China, South Africa) are developing a new currency. It was mentioned by State Duma Deputy Chairmen btw.

As I can see all these things to manipulate BTC right? What are your thoughts about this?

Nope. This is just an attempt to bring the US Dollar down (aka de-dollarization). It won't affect Bitcoin because the cryptocurrency is decentralized. The new BRICS currency would be another centralized Fiat money system that will be used among member states. Nothing innovative here. They would've used BTC as their main currency if they really wanted to "beat" the US Dollar.

I don't get why they've decided to make their own currency instead. Maybe it's about control/power? They can't make their own rules on a decentralized cryptocurrency like Bitcoin. There's a lot of "buzz" surrounding BRICS' new currency, so time will tell us how successful it will turn out to be after launch. Either way, don't expect BTC to go anywhere soon. Just my opinion Smiley
1094  Alternate cryptocurrencies / Altcoin Discussion / Re: Are BRC-20 stablecoins the next big thing? on: July 16, 2023, 05:20:50 PM
We don't have to wait in the long run, we have seen that it's already a failed experiment, and it just created chaos in the bitcoin blockchain and even created this 'schism' environment. Devs, miners not in conjunction. And for sure even for us investors, specially average joe as it really affected the transaction fee. It is very expensive now, more than in 2017 height of the bull run.

I hope it stays that way forever. Else, BRC-20 stablecoins would add more burden to the BTC blockchain. Why use BTC as a "De-Fi" platform when we already have ETH and the likes? I guess Ordinals developer's intentions were malicious from the start. He knew the damage such inscriptions would cause to Bitcoin. The pioneer cryptocurrency is simply not meant for large scale use because of its limited transaction capacity.

With BTC Core devs announcing their intentions to block Ordinals inscriptions, things will go back to normal soon. Who knows if there will be a new fork that will carry on with BRC-20 tokens? Just my thoughts Grin
1095  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Polygon (MATIC) to $20? on: July 16, 2023, 05:15:45 PM
I dont think matic can goes to $20 even in the next bullish cycle. There are so many interesting project like polygon. The 10 billion total coin also whats holding it below $10. Maybe 2030 when matic burn a lot because of its gas fees also with the dollar hyperinflation.

There are plans to rewamp the Polygon Network, so it's likely we'll see the cryptocurrency reaching the "double digits" within the not-so-distant future. I've read that the developer team is planning to launch a new coin named POL. MATIC holders will be given an equivalent number of POL coins at a 1:1 ratio. I guess this will boost market prices for a short period of time.

Long-term speaking, MATIC (or POL) will be able to hold on its own if developers keep innovating. I'd be suprised if it goes all the way towards the fourth spot in market cap below ETH and BNB. Big names are already launching NFTs on the Polygon chain, so anything's possible. Who knows what the future holds for the cryptocurrency? Just my opinion Smiley
1096  Alternate cryptocurrencies / Altcoin Discussion / Re: Circulating supply matters to you? on: July 16, 2023, 05:10:23 PM
The circulating supply of a cryptocurrency is just one factor to consider when evaluating a project. While a low circulating supply may create scarcity and potentially impact the price dynamics, it should not be the sole determining factor in your investment decision.

Exactly. I've seen coins with an extremely-limited supply becoming a failure due to low interest/demand from investors. They're virtually out of the radar, due to poor marketing/promotion efforts from the developer team. A good example of this is 42 Coin (42). Garlicoin is in the same path as the aforementioned cryptocurrency. A pity because these coins would've been a great alternative to Bitcoin and Litecoin. At least, in terms of using it as a store of value.

Remember, "not all that glitters is Gold". You'd need to do your own research to help determine which coins are worth it and which ones are not. As long as you don't go crazy putting all of your life savings into crypto, nothing should stop you from becoming financially-independent in the future. Act responsibly and avoid the hype just to be safe. Just my two sats Grin
1097  Economy / Economics / Re: Fix the money, Fix the world. on: July 16, 2023, 05:00:32 PM
Bitcoin isn’t going to close the bracket between the rich and the poor. Today bitcoin is $23,000, it’s not exactly affordable for the poor to buy at this time, only those who were smart enough to seize the opportunity to buy bitcoin in the early days are the lucky ones. Read the bitcoin whitepaper, Bitcoin doesn’t solve the poverty problem, it provides a safe haven from censorship and government control, unfortunately people are more concerned with making profits than using bitcoin as a currency.

People don't need to buy a whole BTC to get into the revolution. They can simply buy fractions of a Bitcoin for complete peace of mind. It doesn't matter how much BTC is worth in Fiat terms, as long as it's used as a currency. Unfortunately, most people are focused on the profits like you've said. Whales and rich people are the ones who hold the most BTC, while the rest is left behind in the dust.

I really don't see BTC fixing the world, other than removing banks, governments, and other middlemen from the system. It removes trust, but it doesn't solve equality issues. At least, BTC is off to a good start. If it keeps progressing, it might make the whole world decentralized. You can see how some countries are gradually accepting BTC as legal tender. Who knows if someday people lose trust in Fiat currencies backed by corrupt banks and governments? Just my thoughts Grin
1098  Economy / Services / Re: [Crypto.Games] ★ Signature Campaign ★ Hero - Legendary[Full] ★ on: July 15, 2023, 08:13:31 PM
Payment sent

Received. Thanks again, DogecoinMachine and Crypto.Games team! Cheesy
1099  Alternate cryptocurrencies / Altcoin Discussion / Re: Do meme coins have a future? on: July 14, 2023, 05:22:28 PM
Meme coins, characterized by their viral or humorous nature, have gained popularity in the cryptocurrency market. However, their long-term future is uncertain and highly speculative. Here are a few factors to consider:

Volatility and Risk: Meme coins are often highly volatile, subject to rapid price fluctuations influenced by social media trends and hype. This volatility can result in significant gains or losses. It's essential to be prepared for the inherent risk associated with such coins.

Lack of Fundamental Value: Meme coins typically lack fundamental value or utility beyond their meme status. Unlike established cryptocurrencies that serve specific purposes or offer technological innovations, meme coins primarily rely on social sentiment and speculative trading.

Regulatory Concerns: The rise of meme coins has attracted regulatory scrutiny due to potential risks associated with market manipulation, pump-and-dump schemes, and investor protection. Regulatory actions or restrictions could impact the future viability of meme coins.

Short-Term Phenomenon: Meme coins often experience short-term hype and enthusiasm driven by social media trends. Sustaining long-term interest and value can be challenging without underlying technological advancements or utility.

Evolving Landscape: The cryptocurrency market is continuously evolving, and trends can change quickly. New projects and innovations may emerge, potentially overshadowing meme coins or leading to market saturation.

While some investors have profited from meme coins, it's crucial to approach them with caution and consider the speculative nature of these investments. Diversifying one's portfolio and conducting thorough research are key to making informed investment decisions.

This basically says it all. "Meme" coins are a high-risk, high-reward investment not meant for people who're new to the world of crypto. Any slight mistake will cost you dearly in the long run. The vast majority of people who get into such coins are only looking to make a quick buck by following the hype. It's normal to see "meme" coins come and go as people move on to the next big thing in crypto. The only "meme" coin that will last is Dogecoin because it's the oldest one among the pack with widespread community support.

I'd put my money into serious cryptocurrencies that are meant to change the world of finance as we know it. Bitcoin, and Ethereum is all we need to preserve and grow are capital in the long term. Who knows how long will the "meme" coins craze last? Just my thoughts Grin
1100  Alternate cryptocurrencies / Altcoin Discussion / Re: XLM - yes or no? on: July 14, 2023, 05:14:19 PM
The problem with XLM and other coins is that they are in some sort of limbo, new coins are thought by the community to have high potential, while coins that have been around for a long time like bitcoin and ethereum may not have the same high potential but they are reliable.

However XLM is not thought to be anywhere near as reliable as bitcoin, and it does not have the high potential of new altcoins either, and as such it is having problems to try to garner the attention of investors once again.

XLM is one of the oldest cryptocurrencies trading on the market today. It may not be as innovative as other coins, but it's certainly a better option than XRP. The latter is heavily-centralized, often driven by the company's own interests. XLM, on the other hand, is backed by the community every step of the way. It's decentralized and uses the same tech as Ripple's XRP. With fast confirmation times and dirt-cheap fees, XLM could become a great alternative to blockchains such as Litecoin, and Dogecoin.

I really hope developers come up with something new that will keep the "vibe" going on for quite some time. Only then, XLM's price will pump all the way to the moon. Given that XRP won the case against the SEC, it's likely investors will buy XLM due to FOMO. I'd be best to "hodl" this coin and see what happens in the long run. As long as you don't put all of your life savings into it, there should be nothing to worry about. Just my opinion Smiley
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