This has been asked many times already. By now, you probably know the answer to your question. "Meme" coins are nothing more than pure cash grabs by the developers. They have no real use cases, unlike established cryptocurrencies such as Bitcoin or Ethereum. "Meme" coins are purely-speculative instruments that could either make you rich or wealthy in an instant. They're nothing but hype. Do you honestly think a coin with a huge supply will have a future? If so, then you truly don't understand cryptonomics (cryptocurrency economics).

One thing for sure is that the market is flooded with too many "meme" coins. It should only be a matter of time before most of them fade into oblivion. Just because Elon Musk "pumped" Dogecoin's price, doesn't mean "meme" coins have a future. The guy is an opportunist looking to make a quick buck by fooling people to invest into the cryptocurrency of his choice. I'd say he already won. If you really want something that lasts, choose BTC or ETH and forget about the rest. 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 thoughts

Volatility is still there, so we can say crypto is a form of gambling. You could either lose it all or win big in an instant. Things are now worse than before due to the uncertainty of the global economy. Inflation, the COVID-19 pandemic, and the Russo-Ukraine war have increased the cost of living, making it harder for people to use their spare money to get into the crypto/Blockchain train. Demand for crypto assets is pretty low compared to past years.

Now the US has made matters worse with its "Anti-Crypto" agenda. The SEC is aggresively hunting down crypto exchanges with claims that most coins are securities. This affects crypto market prices, adding more uncertainty to the space as a whole. Some say the upcoming BTC halving will make things better for the industry, but there's really no guarantee things will turn out to be that way. Unless governments start treating crypto fairly and major investors pour money into the market, everything would be nothing more than just a pure gamble. I'd proceed with caution by only investing what I can afford to lose. Who knows what the future will bring to the crypto/Blockchain industry? Just my thoughts

ERC-20 tokens are better. They're programmable and flexible to work with on other chains using the same EVM. The higher fees are only because Ethereum is more crowded than Bitcoin itself. But upcoming network upgrades should solve this issue in the long run. I don't think BRC-20 tokens have a future, especially since Bitcoin is not designed for smart contracts. You can't just make a token with robust features on the BTC blockchain.

The hype on BRC-20 will be short-lived as people realize Bitcoin's true limitations relative to the Ethereum blockchain. With developers announcing their intentions to block Ordinals inscriptions, you can say goodbye to BRC-20 tokens for good. Just my opinion

It's probably because of the ever-lasting bear market (aka crypto winter). Just wait until BTC reaches a new ATH, and "meme" coins should go all the way to the moon. Still, TAMADOGE's huge supply poses a risk of loss in the long run. It's a "meme" coin, so I'd suggest you only put money in it that you can afford to lose. For short-term investors, TAMADOGE could bring positive results. All you have to do is buy some coins and quickly sell them once market prices "pump" like crazy.

We can never be sure how much a coin will be worth in the future. But with how things are turning out to be for TAMA, $1 seems a distant dream. Let's see how long will it last until people move on to the next big thing in crypto. Just my opinion

You're right about that. BRC-20 tokens are nothing but pure cash grabs. They don't provide any real use cases to the world. With Bitcoin Core developers planning to block Ordinals inscriptions, you can say goodbye to the BRC-20 craze soon. I think Stably should focus on other chains with built-in smart contract features. But with competitors such as USDT and USDC, I highly doubt it will survive in the long run.

With BRC-20 tokens out of the way, Bitcoin users can finally enjoy low fees and decent confirmation times. That is if the community agrees to take down Ordinals for good. Miners are too greedy to let this all go to waste, so time will tell us what path BTC will take. As long as decentralization wins, we should have nothing to worry about. Just my thoughts

That's certainly good news. But it's not a guarantee MATIC will be made legal tender in the long run. I highly doubt a nation-state will do this, especially when Polygon/MATIC is not as reliable as Bitcoin is. The OP is very optimistic with Polygon, probably because he/she is heavily invested in it. Either MATIC becomes a national currency in the future, or it remains just the way it is.

What's important is that Polygon stays decentralized so that it could stand the test of time. There are so many competing chains on the market, but only one can be the winner. Who knows what the future will bring to Polygon and the whole crypto/Blockchain industry? Just my opinion

I like the Jade wallet very much. It has so many features for a very low price. And best of all, it's open source so you don't have to worry about Blockstream "going rogue" sometime in the future. I'd just start over by destroying the seed linked to my Ledger wallet, and make a new seed on the Jade wallet. That's without transfering my BTC funds first.

I've looked into Passport as well, but it's a lot more expensive than other open source wallets. But it's quite interesting to say the least. With plenty of alternatives on the market, who needs Ledger anymore?

Stablecoins are not controlled by the government per se. They're just issued by private companies with their own interests. If a stablecoin fails, don't expect the government to respond by making depositors/investors whole again (unlike USD deposits at a bank which are insured by the Federal Government). I'd prefer decentralized stablecoins as they're usually managed by an organization (DAO). Not a for-profit company that serves its own interests instead of the community. DAI and USDJ seem to be the only collaterized stablecoins that are decentralized. The rest are simply algorithmic and subject to failure.

BTC is better off as a store of value due to the way it was designed (deflation). But if volatility disappears, then it would've been another story. That is if Bitcoin is able to scale to meet the demands of everyday users. No one can predict the future, so let's hope for the best. Just my thoughts

Couldn't agree more with you, mate. If people really want to make digital payments without having to worry about volatility, stablecoins are the answer. Bitcoin is deflationary by design, so it's meant to increase in price over time. That's not to say it won't lose value within the short term. If you're serious about making money with BTC, then I'd suggest you "hodl" it. Not spend it.

The decision of what to do with your money, lies in yourself. As long as you don't go bankrupt, nothing else matters. Maybe someday BTC will become the standard unit of account? Just my opinion

Exactly. That's the plan. Regulate and control crypto to limit its ability to cripple Fiat currencies in the future. This way, both governments and central banks win. Crypto will stay decentralized, but it will never be able to replace Fiat. The majority doesn't care as they're only into crypto because of the money. Not because they believe in it.

At least, we know crypto can't be stopped no matter what. This is only the beginning, so hold on tight as this is going to be a wild ride. Who knows if getting in early would make you filthy rich in the future? Just my thoughts

I wouldn't say it's "SEC-free". Gary Gensler will soon target stablecoins claiming they are unregistered securities. What will only survive is BTC and similar coins with a PoW model. If USDT wants to stay in business, it's going to need to comply with regulations no matter the cost. Otherwise, it'll be game over for good.

Despite the regulatory turmoil facing the United States, stablecoins have potential to change the crypto industry for the better. They're useful "tools" for those who want the best of both worlds (Fiat and crypto). You'll get the stability of the USD, and the security + cost-efficiency of crypto/Blockchain tech. Tether (USDT) is the pioneer of the stablecoin industry, so it has a high chance of winning in the long run. Who knows if it ends up being the only stablecoin in existence while the rest fade away into oblivion? Just my opinion

Exactly. Especially now when Binance started to de-list privacy coins in certain European countries. The vast majority of the world's governments are against privacy coins, so they will keep pressuring centralized exchanges to de-list anything private along the way. You think Shiba Inu developers want this in the long run? Of course not! This may be only a tactic to lure foolish investors into the cryptocurrency.

SHIBA is merely an ERC-20 token, so I fail to see how developers are going to make it private unless they're aiming for a separate solution like a mixer. It really doesn't matter since Shiba Inu is a "meme" coin. The coin will always be worthless in the eyes of serious traders and investors alike. All of the attention is on PEPE nowadays, making Shiba Inu a relic of the past. Just my thoughts

I didn't care back then because I've trusted the company. But that wasn't the case until I've discovered they were about to launch the recovery service. That made me vary of their methods to secure the private key or seed within the devide. It left me no other choice but to look for open source alternatives. With governments getting their hands into the crypto industry lately, we should be prepared for the worst. They may compromise the company making the hardware wallet, but if the device is open source, their efforts will be futile in the long run.

I've been considering getting myself a "Passport", but it seems that I'm only limited to Bitcoin. Not only that, but it's also more expensive than the Ledger Nano S. I guess you get what you pay for. Let's see what will happen with Ledger in the long run as competition grows in the industry. Maybe it will survive with a newly-fond crypto userbase?

This is all Elon Musk's fault. If he wouldn't had "pumped" Dogecoin's price with his tweets, the market wouldn't been flooded with so many "meme" coins by now. This is congesting many Blockchains as we speak. If such coins brought real use cases to the world, then this would've been acceptable. But that's not the case since most (if not all) are pure speculation.

TAMADOGE is no exception. It could either die or survive for years on end. I've only placed my spare money into TAMA, while keeping the rest into prominent cryptocurrencies such as Bitcoin and Ethereum. I'd suggest anyone else to do the same just to be safe. Who knows if luck would be on our side by the time the market turns bullish again? Just my thoughts

I guess you're right. The vast majority of crypto users want convenience on top of privacy/security/decentralization. While Ledger will lose customers because of its recovery service, it won't be much of a big deal compared to the rest of the people who really don't care about anything. For crypto veterans like myself, we would look into other alternatives that respects the true values of crypto/Blockchain tech. I'm glad there are plenty of open source alternatives on the market. This would make crypto stronger in the long run. Would you imagine hardware wallet companies being compromised by the government in the future? If there were no open source wallets, no one would be able to use a hardware wallet without giving away their privacy and freedom. I hope Ledger learns its lesson and decides to abandon plans to launch the recovery service. Maybe it will turn into an open source hardware wallet company in the long run? 

We may be seeing signs of American decline, but it's not over yet. This is a slow and steady process that will take years (probably decades) to accomplish. A fall in the USD's status as the reserve currency may shook crypto markets for a short period of time. But long-term speaking, market prices should go all the way to the moon. That's because the USD will become less-valuable over time. Since crypto (especially Bitcoin) is deflationary, anything affecting the USD's value (mainly inflation) would benefit market prices as a whole.

Maybe this will force countries to add crypto into their porfolios as a sort of hedge against inflation? It would make crypto (especially Bitcoin) an ideal store of value just like Gold. The US debt limit was just suspended until 2025, so time will tell us what will happen with the mainsteam economy after then. I have a feeling crypto will prevail, as Fiat currencies see their demise in the long run. Just my opinion

Exactly. That's the real issue here. But there's nothing we can do about it, especially if we want to encourage openess on the Blockchain. Otherwise, we'd be going back to the era of censorship. Given the fact that most Blockchains have scaling issues, all of these worthless ERC-20, BRC-20, and NFTs will ultimately clog the network with high fees and slow confirmation times. The market will ultimately decide the ideal fee rates for the benefit of all. If we feel fees are too high, then we can simply move to another chain or use an off-chain (L2) scaling solution. Hype doesn't last forever, so I'm hopeful this will be all over soon.



That's completely mind-blowing. I couldn't imagine TBAs taking the NFTs spotlight real soon. It will be up to creators to make something serious that would last a lifetime. Not something out of pure speculation. The vast majority of NFTs are only quick cash grabs, so they will ultimately die in the long run.

I hope that won't be the case with SBTs and TBAs. I'm still trying to understand all of the technical jargon linked to these new kinds of tokens. With all that's been happening behind the scenes, it seems to me that ETH will remain as the #1 platform for NFTs and other kinds of tokens forever.

Most people are blind as they invest into "meme" coins without weighting the risks. They ultimately get "rekt" in the long run because of this. We could blame Elon Musk for this whole "meme" coin craze as he's the one who started promoting DOGE with his tweets. All of the other "meme" coin projects that emerged after Dogecoin, are simply failed attempts to copy the success of the original project. Just because DOGE went to the moon in an instant, doesn't mean other coins will do the same.

I'm yet to see when the hype will end for Blockchain networks to become cheaper and faster for day-to-day payments. There's literally too much junk right now. All of the attention has moved into PEPE, so don't expect SHIBA to grow in price anytime soon. Just my thoughts

This will fail quickly if developers succeed in their efforts to block Ordinals inscriptions for good. The idea is great, but BTC's limited transaction capacity would not be enough to help spread adoption of on-chain stablecoins at a large scale. For that, we have alternative blockchain networks such as Ethereum, BSC, and Polygon. Or the Lightning Network if we still want to use BTC without affecting the main chain.

The company issuing the stablecoin (Stably) is not as widely known as Tether or USDC's Circle. So don't expect it to gain traction anytime soon. Ultimately, the market will decide the best path forward for Bitcoin. As long as decentralization prevails, nothing else matters. Just my thoughts

UST was an algorithmic stablecoin backed by nothing. It was artificially "pumped" by the Luna Foundation Guard. With USDT, things are different. The stablecoin is backed by real USD reserves in a 1:1 ratio. Peg cannot be lost this way, unless the banks holding the USD reserves collapse in their entirety.

I'd trust USDT more than any other stablecoin backed by algorithms (such as Neutrino USD, USDD, etc.). However, that doesn't mean I'll be careless by putting all of my life savings into it. USDT is centralized after all. Same as USDC, TUSD, and others. Crypto is all about decentralization and freedom, so I'd suggest you put most of your money into BTC and ETH just to be safe. Who knows if stablecoins are eventually replaced by CBDCs? Just my opinion