This Tether FUD seems to be a never-ending issue, this seems to pop up every month now. There is no way Tether is going to Zero, Tether is backed by some funds, we are just not sure of the exact amount, but I think it should be backed by at least half of Tehter's market cap. Also, Bitfinex is sitting on a lot of BTC which can be used to back Tether, I just have a feeling the news about Tehter is becoming a non-issue unless some people are just bent on spreading FUD
People are worried that Tether might crash after what happened with Terra's UST stablecoin, and now, USD Coin. Being backed by USD reserves is not a guarantee the stablecoin will hold its peg for life, if the bank where the funds are stored collapses in an instant. USDC lost its peg for a short period of time because of the collapse of SVB. Do you really think Tether (USDT) would be immune from such unfortunate series of events? I don't think so. This is a stablecoin with a shady past, so anything can happen in the long run. With Bitfinex "printing" new units of USDT like there's no tomorrow, I'd take this coin with a "grain of salt". Only regulators will be able to add confidence to the stablecoins market, by enforcing the rule of law. Some companies already expressed their desire to work closely with regulators, so let's hope stablecoins improve for the better in the future. Who knows how long USDT will last? Just my thoughts  |
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I'll give everyone a tip about staking, it's better to have that less APY than to take risk and get those too much APY/APY that you're unsure if the project is gonna be successful.
Most projects that are still on the early stage will do that because it's part of being new and that's sort of enticement to the investors. Usually with high APYs, you'll get attracted to it but you'll be unsure if it will take long as the higher the APY, the lower number of investors involved.
As it's said in the real world, "the higher the risk, the higher the reward". It's best to look for PoS coins or stablecoins with low returns to help minimize risks of loss as much as possible. A high APY would make inflation worse, resulting in a decreased valuation of the crypto asset you're investing into. I'd prefer to stake in a decentralized manner, as only you control access to your funds. But not everyone finds decentralized staking attractive, especially when it has a steep learning curve. Centralized staking is much easier, and convenient. But the downside is that a third party controls the keys linked to your crypto funds, adding unnecessary risks in the long run. The market is full of PoS coins these days, so I'd suggest you give them a shot if you want to build a nice passive income system that will last for a very long time. Just my opinion  |
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I want to be optimistic, but I believe El Salvador is rather aiming to become a crypto turistic place for people around to world to visit an move to, also some businesses with Bitcoin as core may feel like having their headquarters there eventually.
I think this way because it would make sense with the security plans which have been taken lately by Bukele to cripple the criminal organizations that historically operate in El Salvador, with less crime and more financial insentives, there is more chances for a financial/turistic Hub to form, but it may take years.
El Salvador wants to become a "crypto paradise" just to help boost its economy. I'd say Bukele's efforts are starting to pay off, as tourists are visiting the country like never before. It was pretty smart to add Bitcoin to the government's balance sheet. If BTC "explodes" in market price, El Salvador could become one of the richest countries in the world. Everything will depend how long Bukele stays in power. If he is replaced by an "Anti-Bitcoin" successor, then all efforts achieved so far will be nothing but lost. Central banks are already failing, so it should only be a matter of time before more countries follow El Salvador's footsteps by adopting BTC as legal tender. Who knows if we're closer to "hyperbitcoinization" than we've thought before? Just my thoughts |
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I mean as of right now yeah but there are other promising projects and platforms that are on the verge of breaking out. One thing is for certain with altcoins: "nothing is EVER certain" lol. Seriously though yes for now eth is probably king of alts, but as we go into the next bull run who knows what happens from here.
I don't think any other competitor will be able to take down ETH that easily. That's because the world's second-largest cryptocurrency by market cap has first-mover advantage. It's the "King of De-Fi", so don't expect it to lose market dominance anytime soon. This is just like Bitcoin where no other competing coin can take down its place on the market. ETH is still going strong despite the high gas fees and slow transaction confirmation times. If you don't like ETH, there are plenty of alternatives to choose from with a unique set of features. Competition is getting fierce these days, so who knows if rival chains will become as comparable as ETH someday? Just my thoughts |
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That's exactly what I think about the whole crypto situation. The only thing that continues to wonder me is that there are still many people believing that privacy coins were invented just to support criminals If there will be less such people, privacy coins will already lead the market, I believe. You can thank mainstream governments for giving a bad image/perception of privacy coins to the public. After all, they don't want people going after something they can't track, control, or trace. Considering that there's a lot of opposition towards privacy coins, don't expect them to go all the way to the moon anytime soon. Only transparent cryptocurrencies such as Bitcoin, Dogecoin, and Ethereum will gain the attention of mainstream investors because of the way governments approve of them. The day all of the world's governments ban crypto, will be the day when everything will go down to $0. Who knows what surprises we'll find in the future? Just my opinion |
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I don't think altcoins are ever going to die. People enjoy the chance of 10000x'ing or getting scammed too much. It also depends if you call ETH an altcoin or not (I personally wouldn't but many would and that's a fair point of view).
I do think that each cycle it will change a little bit though. Freshen up the scams if you will. Originally it was altcoins. Then it was ICOs, then it was DeFi season. Then NFTs.
Next up appears to be L2s and L3s on Ethereum. But that is really hard to predict. Because if one truly knew they could front run the 1000x's. But I can say with certainly it will be -something-.
There's always money to be made with altcoins. That's because they often bring new stuff to the industry. I cannot say the same about Bitcoin (although it's possible to profit in the long term). To say the least, altcoins are the ideal "tool" for scammers to rob people blind. That's because most people don't do their own research when investing in crypto. The trend will never fade away, but you can expect regulations to increase on the industry as governments want a "piece of the pie". Just don't go crazy putting all of your life savings into altcoins, and you'll have nothing to worry about. Just my thoughts |
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I can't understand decentralized staking and centralized staking yet. In general, staking is betting our money on a platform. Do the platforms just ignore the money there and they give us interest? Of course what is given is the advantage they get. Many staking platforms fail because they are unable to pay the promised APY/APR.
It's a different story with hacks or stable coins being strong in the future.
For example, if we are staking with one ETH, we will get 2.7% APR in 120 days or 0.027 ETH. If we trade a 120 day timeframe with 1 ETH, I think we will get more profit than that. From that basis I say trading is better than staking.
Trading is better than staking. But not everyone knows how to do it. Thus, the only option would be to deposit coins at a "De-Fi" platform or an exchange to start earning money without doing nothing in return (staking). For many, centralized staking would be the easiest path to take since all of the responsibility of securing coins lies on the third party himself. Not to mention, centralized staking platforms (often exchanges) have a user-friendly interface. Decentralized staking may be safer, but it's a hell of a lot more difficult to use. With gas fees tied to Blockchain networks underpinning decentralized staking platforms, people will look elsewhere. For a long time, stablecoins promised to hold their value of $1 per coin for the foreseeable future. But recent events, tells us nothing is guaranteed in this world. You can lose it all in an instant if you become too greedy. Therefore, saving money at a bank would be your best bet to minimize risks of loss as much as possible. Just my opinion |
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The meme craze had its rise already. Anyone who would buy them already has and is holding a bag. Things go parabolic because not a lot of people have it and then everyone starts buying. How can people understand this concept. People are all holding a bag already why would they buy more. In short I'd be surprised if doge ever reaches its all time high within the next 10 years and that's under a dollar.
People often get too excited with "meme" coins without truly understanding how they work or what their purpose is in the real world. $20k is an insane prediction for a hyoerinflated coin such as DOGE. It could go as high as $1 because of global inflation and subsequent bull markets. But that's it. If developers or the community wants DOGE to reach such high prices, they would start burning the supply right away. I don't think they'll do it, especially when they've stated many times that "Dogecoin is a joke". Just because Elon Musk "pumped" this coin back in 2021, doesn't mean it's worth the investment. Crypto land is widely unpredictable these days, so expect the unexpected. Just my thoughts |
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34 - Abiky Thanks!  |
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Bitcoin will be the biggest means of fulfilling dreams in the future.
Many types of dreams remain in our minds since childhood. Those who are a bit middle class in this society are more suffering. Because they see a big dream but cannot make that dream come true. So for the middle class Bitcoin will be a medium to fulfill the dream.
Why investing in Bitcoin will make dreams come true?
In today's society, those who are middle class. They don't have much income. But from the outside, he doesn't let anyone know that he is having a hard time. His income runs out to support his family. If you collect some amount of money in a month, you can't dream too big with it. So if he keeps buying the rest of the bitcoins. Then sometime go and get a good amount of money. And we know that Bitcoin prices fluctuate. And whenever the price of Bitcoin goes up, he will profit. That will help him fulfill his dream.
Why invest in Bitcoin without saving money at home?
If you have 1 month's salary left over for your family's needs. Leave it in a corner at home. Then you will not benefit from that money alone. The money you keep will be the money. Day by day the value of your money will decrease. And if you invest in bitcoins you have a hope that you will be patient until your target is reached. Once your target is met, you can sell as many bitcoins as you want. Or when you need it, you can sell it immediately according to your need.
So if you want to fulfill your dreams in life then invest in Bitcoin then you will be able to fulfill your dreams very soon.
You can achieve your dreams with Bitcoin if you act early before it's too late. While the pioneer cryptocurrency has experienced increased mainstream adoption, there are still a lot of people who haven't heard about it or used it before (especially in countries with very limited internet access). The real adoption will happen when existing Fiat currencies collapse, paving the way for CBDCs to take over the world by storm. Only then, BTC market prices will reach well about $1m per coin. For people seeking true financial freedom, I'd say Bitcoin is a dream come true. In times of crisis where governments want to protect Fiat currencies from collapsing, we should expect further opposition against decentralized cryptocurrencies. Who knows if BTC grows to a point where Fiat is no longer relevant in our society? Just my opinion |
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Hello everyone!
Recently I was thinking about BTC payments and I believe that the system is moving towards bitcoin adoption and paying with bitcoin. And it's great!
But the problem for me is that anytime I think about paying with BTC I feel somehow uncomfortable. I always remember the guy who spent 30+ bitcoins on pizza and now these bitcoins are worth a fortune. Like I don't want to be this guy and pay with an asset that WILL go up in price. It feels like you paying more for the product from a future perspective.
What are your thoughts about this? Personally, I usually try to buy with stablecoins if I have some, it just feels more natural for me. I don't want to touch my BTC while the market is still bad.
Bitcoin was designed to be "digital cash", not "digital Gold" or a "store of value". After all, the whitepaper reads "Peer to Peer Electronic Cash". It's just that most people view Bitcoin as an investment tool to get rich, instead of using it as real money to pay for goods and services. Market volatility would be a reason of concern to people who rely on Bitcoin as a store of value. If you don't care about Fiat, and only "stick" to Bitcoin, then you will understand that 1 BTC = 1 BTC no matter what. Otherwise, stablecoins and Fiat would be your only choice. No one knows how much BTC will be worth in the future because of its unpredictable nature. As long as it does the job it's supposed to, nothing else matters. Just my thoughts |
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Since most of the major altcoins move up or down at the same time as bitcoin, aren't they all controlled? How does it work?  Not Bitcoin, but the crypto market is largely controlled by whales and other industry players. They're the ones who move crypto assets in their favor with their own money. BTC is the #1 crypto in market cap, not because of the whales, but because it has first-mover advantage. After all, BTC is the first crypto that started this craze. Altcoins follow Bitcoin's "footsteps", because every exchange has BTC as the main trading pair. In other words, BTC is the reserve cryptocurrency of the market. Therefore, any price action related to Bitcoin, will quickly reflect on altcoins as well. It's best to put most of your money into BTC, while leaving the rest on altcoins. That way, you would minimize risks of loss as much as possible. Most altcoins are centralized these days, so who knows if they disappear in the future? Just my opinion |
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For a long term holder / investor, what are the risks available with staking coins and tokens that you plan to hold for a long period of time? I want to know if its safe to keep your coins in staking instead of just holding them in a wallet when your ultimate plan is to hold for long term.
The risk of holding PoS coins is market uncertainty. They're often subject to wild fluctuations in price, especially if they have high inflation rates. Most of the PoS coins you see on the top ranks in market cap, have a system where you "delegate" coins to validators or third-parties. It makes them centralized and subject to failure in the long run. Old PoS coins like Blackcoin, Diamond (DMD), and Peercoin are much more decentralized as they allow you to stake your coins in your own wallet. But the downside is that you need to leave the wallet open 24/7 if you want to increase your chances of earning from your stake. If you want to play it safe, just stake ETH at a decentralized staking pool (eg: Rocket Pool or Lido.fi) and you're good to go. You can also stake tokens if you want by making a deposit in a liquidity pool. 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 two cents |
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Recently bank like Credit Suisse and Silicon Valley bank are collapsing. People are switching their money to bitcoin. Is it the sign that more people are no longer trusting the bank and are moving toward to decentralized world?
People are starting to lose confidence in the banking system, as they switch to decentralized cryptocurrencies that can't be debased. While crypto assets increased in price because of the collapse of major banks in the US, not everyone is in the game yet. There are a lot of people who're still skeptical about crypto/Blockchain tech. At least, it's a good start. The more banks fail, the more people will "flock" into decentralized cryptocurrencies. Governments don't want to lose control/power, so they will do anything they can to try to stop people from using to crypto over Fiat. Maybe central banks will proceed with a "global reset"? These are uncertain we're living into, so expect the unexpected. Maybe crypto will beat Fiat in the future? Just my thoughts |
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Ah shoot, i forgot, sorry for the delay. It's on your accounts.  Received. Thank you!  |
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I love mere existence of decentralized exchanges so far. But it is very hard for me to say that we need more decentralized exchanges in crypto world. Uniswap and Pancakeswap seem enough for me. I used them both. Especially experience with pancakeswap is so good and easy, user interface is so eye-candy. I wish they develop more things on dexes tho. Other than pools and farming I want opportunity with different topics, like airdrops, nfts, contests and such.
There's been a lot of crackdowns into the crypto industry by mainstream governments (especially the US), so the more DEXs we have, the better it'll be for crypto/Blockchain tech in the long run. KYC is all over the place, hence the only solution would be to use a DEX that's outside the scope of the government. People are starting to recognize the inherent flaws of centralized exchanges (CEXs), so it should only be a matter of time before DEXs grow in terms of popularity and mainstream acceptance. Of course, we cannot deny the fact that fees are extremely-high on a DEX compared to a traditional CEX. Not to mention, CEXs have a better user experience and greater liquidity/trading volume than a DEX. But I believe things will get better in the long run, as developers work hard on scaling techniques to help increase the transaction capacity of Blockchain networks. With L2 scaling solutions, you can say goodbye to CEXs for good. Who knows how far DEXs will go in the future? Just my thoughts |
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Yes it is pumping and we can think it is some good news we are expecting from SEC court case. If you are a XRP holder you are getting some nice profits right now.
XRP is up almost 20% just in last 24 hours. This is highest in top 100 on coinmarketcap. This is the 1st time in month of March XRP is above 40 cents and is the 4-month high for the coin.
It doesn't matter if XRP's price "pumps" for a short period of time, if it's still centralized. The "cryptocurrency" doesn't have any real use case, other than being a purely-speculative instrument. It's all about bank partnerships to help maintain its current position in the market. I'm yet to see whenever XRP will get serious in terms of development and innovation, considering that there are other competitors with greater features and higher perfomance. Most of the coins out there are less centralized than XRP, too. I don't get why people are so hyped with XRP when the facts are there. Maybe I'm missing something? We're still in a bearish market, so don't expect XRP to give you huge returns in the time-being. Just my thoughts |
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It wouldn't happen in a day, but if that would happen, it would mean something catastrophic had happen and no crypto would survive it.
As bitcoin is a shining example of unstoppable cryptocurrency and that could be crashed to the ground, others would follow. Because if bitcoin couln't survive, i can't imagine why others would.
Hell others crash 70 - 90% when bitcoin drops 50%, some of them even die because of the panic.
No altcoin can move on its own regardless of Bitcoin's market prices, especially when they depend on it to survive. The problem is that the crypto market relies on BTC as its reserve currency. After all, each crypto exchange has at least one BTC trading pair. Not ETH, or any other altcoin for that matter. So if BTC goes down to $10, most altcoins would simply go all the way down to $0. Who cares about this when 99.9% of altcoins are centralized? BTC is where the money is. It's the "Father of Blockchain tech", which means that it's highly-likely BTC will survive for generations. I'd suggest you only invest in altcoins if you have extra money to "play with". Otherwise, "stick" with Bitcoin for better returns in the long run. Just my opinion |
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Last Night CZ tweet like this "#BUSD, the most fiat-backed stablecoin, audited by big audit firms, regulated by the NYDFS, was forced to wind down (no new minting). USDC is shrinking in market cap too due to bank closures. USDT is growing." - https://twitter.com/cz_binance/status/1638111968027373568Word stablecoin now is not good but somehow usdt keep growing Tether (USDT) has always been shady from the start. The stablecoin issuer used to print new units of USDT some time ago. It hasn't lost its peg since day one (AFAIK). I can't believe this, especially when trusted stablecoins like USD Coin and DAI went down the drain for a short period of time. If USDT claims to have USD reserves in a bank, then it must've suffered from the recent collapse of two major banks in the US. Something just doesn't add up. Both USDC and DAI may've "resurrected", but I doubt investors are going to trust their money into stablecoins anymore. The industry is already tainted. Unless regulators bring bank confidence into stablecoin investors, this will mark the beginning of the end of "privately-issued" Fiat currencies for good. Perhaps, this will pave the way for a US Digital Dollar to take over the world? No one can predict the future, so we can only hope for the best. Just my opinion |
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I think it’s been pretty clear that ETH has reigned supreme over altcoins for some time now. However, the decision to move to PoS from PoW took away their miner support and left ETH as not being any more hardened than other altcoins. Some, like Polygon are even more advance while being cheaper and handling more volume. ETH may continue to be the most valuable altcoin, but only because it’s holders are rich enough to keep it that way.
Well said. What's keeping ETH afloat are none other than whales. There's a lot of money invested into this cryptocurrency, anyways. It may have turned into a PoS "shitcoin", but it's still a better option than BNB or Solana. No other altcoin comes close to ETH in terms of user acceptance and market demand. Developers continue to build on ETH despite the high gas fees and slow transaction confirmation times. I think it will grow bigger as new projects join the network. Don't expect ETH to lose market dominance anytime soon, especially when it has first mover advantage. It's like saying BTC will be replaced by a rival cryptocurrency with "better features". Who knows if ETH gets to outlive most altcoins in the future? Just my thoughts |
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