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1641  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Shiba Inu still worth it? on: March 12, 2023, 02:48:27 PM
I have 20 million but haven't bought any for over 6 months as I only bought at the time as I was fairly new to crypto and it was low compared to its all time high but I now understand market cap etc.

With its current market cap at $6.3b, how high can this realistically go? Is $100b possible? That would give it a 16x from current price if so which would be good.

With the release of Shibarium due this year I do think this will see the price rise but how much im not so sure?

It's not worth it because it's a "meme" coin. There's also a large amount of tokens in circulation, which should be able to devaluate SHIBA over time. Shibarium is just a L2 network that will go hand-in-hand with the ETH blockchain. I don't get why so many people are hyped about it, when there are other L2 networks with real use cases for the world (mainly Optimism and Arbitrum). I know developers are trying to make Shiba Inu useful, but they're going to need to do a lot more if they want the token to go all the way to the moon.

Given the fact that SHIBA is a high-risk investment, I'd only put a small amount of money into it just to be safe. As long as you diversify your investment, there should be nothing to worry about. Just my thoughts Grin
1642  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Doge really go to the moon? on: March 12, 2023, 02:38:08 PM
Since we all know that dogecoin is getting backed by Elon Musk and people also want him to accept payment in dogecoin for his Tesla cars. And since his single tweet can give a boost to the price of dogecoin, what do you think?

Does Elon really take doge to the moon?

The majority of people are believing that Elon will do something and Dogecoin will hit $1 by this year. What do you think guys? Will tesla accept dogecoin as a payment? And the chances are high that other merchants do accept dogecoin as a payment.

Share your thoughts.

The crypto market has been bearish lately, so we can't expect much from Dogecoin's price. Not even Elon Musk will be able to do anything about it. He used to hint the possibility of adding Dogecoin into Twitter, but nothing has materialized yet. I think Elon Musk is playing with investors to "pump" DOGE for his own benefit. If he is taking the cryptocurrency seriously, he would've kept his promise by now.

Besides, why would you want a "meme" coin that's hyperinflated to rise in value? There are billions of DOGE in circulation, so don't expect it to go higher than $1 anytime soon. There are far better options to choose from in the market. Who knows if DOGE goes back to $0 someday? Just my opinion Smiley
1643  Bitcoin / Mining / Re: Biden proposed 30% mining tax. what would impact on Bitcoin mining? on: March 12, 2023, 02:31:03 PM
President Joe Biden's administration has imposed a 30% tax on bitcoin mining electricity use. Bitcoin mining was not very profitable even though this tax was not levied in the past. But what impact will the new electricity cost have on Bitcoin mining?

Will this additional electricity tax attract new miners to Bitcoin mining?

What will be the impact on hashpower for a 30% mining tax?

Even before the imposition of this tax, some mining companies were in losses.
What are the old mining companies thinking about this tax?

That's a very high tax rate. Companies will move to another country instead of paying the tax. BTC is decentralized, so such a law (if it's approved by Congress) won't affect PoW mining in any way. On the contrary, it will make BTC stronger and set the US back in crypto/Blockchain adoption. The country has already been taking an aggresive approach against crypto, so it should only be a matter of time before EU takes the reigns as the world's biggest crypto hub.

I hope the 30% tax rate only applies to mining companies and NOT individuals. Because that would only make matters worse. Who knows what's next in store for Biden's "Anti-Crypto Agenda"? Just my thoughts Grin
1644  Bitcoin / Bitcoin Discussion / Re: Bitcoin Deflation on: March 12, 2023, 02:25:40 PM
Wouldn't it be better if lost coins were reintroduced into the network after a fixed span of inactivity?

I suppose the first thing one would say no for, would be by virtue of bitcoin's well-known deflationary property. This said, I believe it is much more important, especially in the longest term, that bitcoin keeps its property of conservation of energy, that is, having a fixed quantity of money ever available. By losing coins, instead, and by having them unrecoverable, we have not a fixed quantity of money available, rather a decreasing one, which is why we call bitcoin deflationary.

What would happen if we would make so that coins with 131 years of inactivity would be reintroduced into the network?

I see this having some positive effects:
- decreased impact of hereditary monopoly
- incentive to let the currency flow
- canceled the future necessity to increase the number of decimals for 1 BTC (very-long term perspective: too many coins have been lost, thus the necessity to further subdivide a coin)

That would be a very bad idea, especially when some people depend on Bitcoin as a retirement fund. They just buy and store BTC without touching it for years. Would you imagine the network claiming back the "lost" coins from a "retirement wallet"? It would be a complete disaster! Folks at the Bitcoin SV camp proposed it, and it turned out to be a huge failure. Even Satoshi said that lost coins are a "donation" to the community.

The more coins lost, the scarcer BTC will get. You may think the supply of 21 million coins is not enough for people worldwide, but the fact is that BTC is divisible to 8 units. So there are essentially "quadrillions" of satoshis on the BTC blockchain. I'd leave Bitcoin as is instead of trying to add new features that will "break it" in the long run. Who knows how far will it go? Just my opinion Smiley
1645  Economy / Speculation / Re: will bitcoin go back to 19000 on: March 12, 2023, 12:58:44 PM
So yeah, clear as mud. Honestly didn't see it coming. Even with Powell's weird messaging on interest rate hikes, markets didn't immediately respond -- guess it took a while to sink it. Dollar's once more rising against euro and other currencies, and as expected Bitcoin's following suit.

So I think that's the cue for the next year or so. Dollar strength, and all reliant on what the Fed does.

The FED can't keep raising interest rates forever, else the economy would be entering a deep recession. At some point in the future, it's going to stop. That would be the moment for Bitcoin to go all the way to the moon. In the past few days, BTC went close to $19k but went back to $20k after USDC lost its peg.

I think we'll be able to see new lows for the cryptocurrency if the FED continues to increase interest rates through the course of the year. Maybe it'll go as low as $15k before bouncing back to its original market price? We can't expect any "bullishness" on the market until the next Bitcoin halving in 2024. That or the following year would be very exciting for those who bought BTC during the dip. Who knows if $100k becomes a reality soon? Just my thoughts Grin
1646  Economy / Services / Re: [Crypto.Games] ★ Signature Campaign ★ Hero - Legendary[Full] ★ on: March 12, 2023, 11:15:47 AM
On accounts  Wink

Got it. Thank you! Cheesy
1647  Alternate cryptocurrencies / Altcoin Discussion / Re: Why are investors so sceptical about Altcoins? on: March 09, 2023, 03:55:06 PM
There was a time in which altcoins were serious proposals and the community supported them, the developers got money to begin building their dream coin and then those which risked their money multiplied their capital many times over with relatively ease, it was a good model which did not required exchanges or going through KYC, but then the scammers saw this and immediately joined creating hundreds of scams in the process, and all trust in those new coins banished.

We can thank the ICO boom of 2017 for that. It paved the way for scammers to earn a "quick buck" without having to deal with the regulators. Back then, crypto was in a regulatory grey area so it was pretty much the "wild west". Altcoins proved to be a wonderful tool for scammers to "hunt" down their victims for money. It's this reason why investors are so skeptical about them. Not like Bitcoin which is used more seriously in the mainstream world (although we can't say there are zero scams linked to BTC).

If you know how to play your cards right, altcoins can make you some decent profit in the short term. Otherwise, I'd suggest you stick around with Bitcoin for a while. Who knows what the fate of altcoins will be? Just my opinion Smiley
1648  Bitcoin / Bitcoin Discussion / Re: Advantage of holding Bitcoin in time of crisis on: March 09, 2023, 03:50:04 PM
Yes, and I can name that price right now, it is 1BTC=1BTC. We discuss bitcoin rates to USD just because USD is still more stable than bitcoin. When bitcoin will become really low volatile and become a very slowly value-adding asset we will value goods and services right in it. Who will care of inflationary fiat currencies that time? A decentralized low volatile currency will become much more popular and useful for evaluating the economy. Wink

That would be a dream come true. But people often see Bitcoin as an investment tool (not a currency), so don't count on BTC becoming the global unit of account anytime soon. It will always remain an alternative to Fiat because of the way it was designed.

In times of crisis, people will think about Fiat first (not Bitcoin). Things will change in the future as Bitcoin matures in the mainstream world. With many ways to get access to it, we can say BTC is truly unstoppable. Let's hope more countries join the "Bitcoin train", so we can be on a road towards a prosperous society in the future. Just my thoughts Grin
1649  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it worth staking stablecoins? on: March 09, 2023, 03:45:07 PM
To my understanding, staking usdt, usdc etc in your portfolio is a waste of assets and resources; why? because it is no different from using the native banking system fixed deposit method which we all know yields little to nothing in profits when we evaluate the turn over in a year. I think the most appropriate thing to do is to consider other investment options. Which options are there?

1. Trade your usdt/usdc in spots daily targeting atleast 1-5% per day (depending on your trading skills amongst others)
2. Participate nft flipping in opensea, (confirm that you have the skills, knowledge and experience to do this)
3. If you can, it is profitable flipping bitcoin lately on binance; if your usdt/usdc capital is huge; you can target simple %
4. Try participating in IDO events (especially on arbitrum network, the trends favor that chain lately)

I would suggest you avoid the expensive chains; the market is too bearish to spend so much funds on gas fees.
My humble opinion sir

Thanks for your suggestion. I haven't seen that much of returns on "De-Fi", probably because we're in a bearish market. Your chances for profit get lower if there are more people staking (lending) than borrowing. It's certainly not a good idea to stake on centralized platforms like Binance and Coinbase, especially when exchanges have been known to collapse in the past (eg: Mt. Gox and FTX).

If you don't have access to the keys, then you don't control your crypto. It's as simple as that. Both Polygon and BSC have ultra-low gas fees, so I think I'll give them a shot. Who knows how much I'll earn by the time the next bull market comes in?  Roll Eyes
1650  Alternate cryptocurrencies / Altcoin Discussion / Re: What's your opinion on the future of Decentralised exchanges on: March 09, 2023, 03:41:18 PM
I truly wish that your prediction would be right on this. Maybe if value will be as hard to control as torrents they will need a whole another approach. However at the moment it seems that regulators are "winning". i have already se my mind on accepting regulations and i am interested how complying with regulators and using permissionless, private transactions will go together. Or if they ever can even live side to side.

If the DEX complies with regulators' demands/needs, then it wouldn't be a DEX anymore. That's because the so-called DEX would need a middleman that would verify the ID of customers (KYC/AML). The whole purpose of crypto/Blockchain tech is eliminating the middleman, so I fail to see how DEXs will challenge CEXs in the long run if they become exactly the same thing. Privacy/freedom/decentralization cannot go hand-in-hand with regulations/VCs interests.

The industry is in need of decentralized alternatives to help fight governments' attempts to "destroy" crypto. Ultimately, the community will decide the path forward for "the revolution". As long as decentralization wins, there should be nothing to worry about. Just my opinion Smiley
1651  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Tornado.Cash Sanctioned by the US on: March 09, 2023, 03:35:11 PM
https://decrypt.co/122522/tornado-cash-fork-privacy-pools
Tornado Cash Contributor Builds New Privacy Tool—And Hopes It Won’t Trigger the Feds
"Ameen Soleimani, an early contributor to Tornado, has created a fork that aims to be a better version of the blacklisted Ethereum coin mixer.

Users can still make anonymous transactions but there is the option to make it clear that the money being moved is not from something criminal—like a hack. The new app works just like Tornado Cash, but when users click the option to withdraw funds, they can generate a zero-knowledge proof which publicly shows they are not using a criminal blockchain address, but without revealing who they are."

There may be a new Tornado.Cash alternative, but that doesn't mean it won't get sanctioned by the US government in the long run. Developers should've hosted the front-end interface on IPFS, just to ensure the new privacy protocol remains as censorship-resistant as possible. With a centralized domain tied to it, you can expect the US government to "shut it down" the same way it did with Tornado.Cash. Forks may show us the power of open source, but what matters is what mainstream governments think about it. And I'm pretty sure they won't allow people to gain privacy just like that, even if there are legitimate intentions behind it.

Governments often use the excuse that crypto mixers are used for money laundering and tax evasion, so expect further scrutiny down the road. Who knows if privacy within the crypto/Blockchain space will be eliminated for good? Just my thoughts Grin
1652  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin, Dogecoin Gain After Musk's Tweets, But Will There Be Another Bull Run? on: March 08, 2023, 03:52:44 PM
In any case, privacy coins will be still available around decentralized exchanges. Or like Crypton coin will have own wallet and own exchange that's impossible to ban. That's why more and more people participate in its review campaign: https://bitcointalk.org/index.php?topic=5425016.0

Of course. But you can bet market prices will be a lot lower than what they are right now, because institutional investors and VCs will be left out of the game. Therefore, a ban on privacy coins would be equal to lower mainstream adoption in the long run.

I think transparent coins like Bitcoin, Ethereum, and Dogecoin will hold the spotlight for a very long time. Investors will prefer such coins because they will have the "green light" from mainstream governments. Money will keep flowing into these cryptocurrencies, so expect market prices to increase in the future. Besides, what could go wrong when we have Elon Musk "shilling" crypto/Blockchain tech? Just my opinion Smiley
1653  Alternate cryptocurrencies / Altcoin Discussion / Re: Shiba Inu turns into privacy coin like Monero or ZCash? on: March 08, 2023, 03:40:26 PM
If this is true, Shiba Inu will become Non US token jurisdiction, they wouldn't allow people to used that coin because coins like Monero, Dash and other privacy coin are not allow to be used in US, they fear what bad actors will do with the coin that is why they discourage such privacy coin. They could also see less interest in those projects when US put eyes on them for purposely upgrading ordinary project to a privacy coin, they will start seeing that it is done on purpose for bad people to used it encouraging theft and illegal activities that will harm US.

Isn't crypto/Blockchain tech all about being "permissionless"? Restricting people in certain countries from using a coin, would greatly undermine Blockchain's potential. It's like going back to traditional banking. Countries may ban crypto, but that doesn't mean developers have to "play by their rules". The community can keep a cryptocurrency decentralized and censorship-resistant to help withstand government's "attacks" against it. By staying that way, people can access the Blockchain regardless of a ban imposed by a government.

I know privacy coins are often a target of governments, because of the benefits they provide to their holders. But if they remain decentralized, nothing should be able to stand in their way. If SHIBA decides to become a privacy coin, CEXs will begin de-listing it in-mass. So developers' best bet would be to leave everything as is for the good of the project. Who knows how far will the "meme" coin go? Just my thoughts Grin
1654  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Polygon (MATIC) to $20? on: March 08, 2023, 03:36:16 PM
Polygon's price for $20 is probably too high even though it is supported by several important companies. Sometimes when we talk about price, we forget to look at the circulation of the supply of these coins. It is not impossible to reach high prices, but it will take several bullruns in the future.

If we consider the current circulating supply, then yes, it's impossible for MATIC to reach such a high price. But what if developers introduce a "burning mechanism"? Then MATIC would become scarcer, greatly contributing towards higher prices in the future. Even if no changes are made, MATIC could still reach $20 if the crypto market continues on a bullish trend. The sky is the limit to how far MATIC will go in terms of market price.

Ultimately, what matters is usability (not the price). As long as the Polygon chain works as intended, nothing else matters. Who knows what other companies will join the "MATIC train"? Just my opinion Smiley
1655  Alternate cryptocurrencies / Speculation (Altcoins) / Re: XRP future looks shaky and uncertain on: March 08, 2023, 03:31:40 PM
I think if they think that XRP could be third or second, they are have absolutely no idea how the market works and they shouldn't be investing at all. I know that it is not going to be a simple thing to invest easily without a care in the world but that doesn't mean that we should also be ignorant about the market enough to think this would be a fine thing.

I mean obviously don't consider the situation like XRP will be zero soon, I am not saying that it will be going down and crashing like crazy, all I am saying is that it is not going to be going up like that ever again, that was once upon a time, and now it's different and won't ever be the same again.

XRP reaching second or third position in market cap? That's insane! I don't think it will ever happen, especially when there are a lot of coins in circulation. Ripple (the company) holds most of the supply, so we should expect a huge dump in price sometime in the future. Besides, XRP is centralized unlike most of the other cryptocurrencies trading on the market today. It's a "banker's coin" if you ask me. It won't have a future as long as it remains controlled by the hands of a few.

There are many XRP fanboys out there, thinking it will "explode" in price just because of the partnerships Ripple has been doing with banks (aside from the fact that TX fees are extremely cheap and speeds are blazing-fast). But there's more to crypto "than meets the eye". Only coins with a decentralized and censorship-resistant design will last a lifetime. Who knows how long will XRP last? Just my thoughts Grin
1656  Alternate cryptocurrencies / Altcoin Discussion / Re: What's your opinion on the future of Decentralised exchanges on: March 08, 2023, 03:25:10 PM
I don't see any nominal growth in the volume of Dex and the problem with DEX is its not user friendly along with not appropriate for fiat trades so its still not under the alternative list of centralized exchange but I hope in future the things may change and more people will look into the DEX.
Also the exchange has to upgrade atleast better UI so the users will feel the ease of usage.

DEXs may have their own set of issues, but they're still a better choice than CEXs. There's no one in control of your hard-earned crypto except you. Developers are working hard day and night to improve DEXs, so it should only be a matter of time before they become a "force to reckon with". I've used Block DX in the past, and the experience was great. I think it's the best DEX available right now.

With increasing regulations from mainstream governments, people will flock to DEXs for complete freedom and financial sovereignity. I see a future where DEXs and atomic swaps will become as comparable as a CEX in terms of user experience and performance. This is just getting started, so I'd suggest you go all in before it's too late. Wink
1657  Alternate cryptocurrencies / Altcoin Discussion / Re: Favourite MEME COINS? on: March 07, 2023, 04:42:27 PM
It's always exciting to seek out hidden gems in the crypto market, especially those with a low market cap that have the potential for explosive growth. While meme coins like Shiba and Doge have recently seen huge gains, it's important to also consider projects with limited supply and strong fundamentals.

There isn't a "meme" coin with a "limited supply", except one. That would be Garlicoin. Unfortunately, the project seems to have been abandoned by the original devs, making it only a purely-speculative cryptocurrency. It's very undervalued, trading at $0.01 per coin. If people paid attention to Garlicoin, market prices would've soared all the way to the moon by now.

"Meme" coins with high inflation often get "pumped", I don't see any reason why GRLC can't do the same (especially when it's finite by design). "Meme" coins are a "hit and miss", so I'd suggest you only invest what you can't afford to lose. Who knows if new "meme" coins will replace existing ones in the future? Just my thoughts Grin
1658  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins dead? on: March 07, 2023, 04:36:51 PM
It is wrong to call these altcoins dead. You are looking at the rate of these altcoins, but the fact is that according to whales, any cryptocurrency can be speculated. And if they invest a little money, the rate will fly up. And then ordinary investors will start buying in a panic, raising the rate even higher and higher. Then the token will look even more alive! I swear we will see that at next crypto-boom.

Whales will always "pump" coins whenever it's in their best interests to do so. Don't expect altcoins to die just like that, especially when they prove to be extremely-profitable during the ups and downs of the market. The coins that die, are eventually replaced by new ones with greater ambitions than the last ones. It's all a matter of moving on to the next big thing in the crypto/Blockchain space. While most altcoin projects are scam, some of them are hidden gems waiting to blossom someday.

I'd consider both Ethereum and Litecoin as hidden gems, because of their tried-and-tested blockchain networks over the years. Not only that, but they're highly focused on decentralization and censorship-resistance unlike any other altcoin on the market. LTC has a limited supply of only 84 million units, making it "Silver to Bitcoin's Gold". It's fast, cheap, and has built-in privacy features (Mimblewimble) for the truly paranoid. Investors are usually moved by new and exciting features, so who knows if these aforementioned coins reach the moon someday? Just my opinion Smiley
1659  Alternate cryptocurrencies / Altcoin Discussion / Re: Why are investors so sceptical about Altcoins? on: March 07, 2023, 04:30:08 PM
But, there are many people who buy Bitcoin and use it for investment purposes only. They don't care about Bitcoins decentralized factor. The main reason why many people are skeptical about Altcoins is not because Altcoins are more centralized but because most of them are just scams.

When it comes to volatility, I think it was Bitcoins are the ones who are more volatile because it is less regulated. There are old Altcoins like Ethereum and Litecoin. They are not on the experimental stage anymore. These are the Altcoins that we should invest if we want to diversify our funds or if we are simply bored on investing in Bitcoins alone.

I'd say 99.9% of investors don't care about decentralization as long as they're able to fill their pockets with money. Only true believers of crypto/Blockchain tech will. Altcoins are often a way to make huge profits due to their highly-unpredictable nature. Investors see these alternative currencies as an opportunity to become rich in the long term. They've missed the "Bitcoin train", so their only option is to invest into prominent altcoins with the hopes of turning a profit during the next bull market.

Choosing the right alts can be difficult, especially when many of them provide unique features to the world. I'd stick with oldies such as Ethereum and Litecoin for complete peace of mind. Who knows what surprises we'll find in the next bull market? Just my thoughts Grin
1660  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it worth staking stablecoins? on: March 07, 2023, 04:21:37 PM
I'm also interested in staking stablecoins in a De-Fi dApp, but the gas fees on the Ethereum network are a concern. I've heard about Polygon being a solution for this, but I'm not sure about its reliability and security. I would appreciate any suggestions or recommendations on the safest and most cost-effective way to stake stablecoins.

You can use Layer-Two networks such as Arbitrum and Optimism on the Ethereum blockchain for ultra-low gas fees and blazing-fast transaction speeds. Many "De-Fi" projects migrated there for increased user adoption. Unlike Polygon and other alternative Blockchains, you can get the same level of security as the main ETH blockchain "without breaking the bank" just by using a L2 scaling solution.

If you play your cards right, stablecoins can make wonders in expanding your purchasing power long-term. The rates provided by "De-Fi" apps are often better than a traditional bank savings account. Regulations will come, but "De-Fi" will emerge bigger and stronger than ever. Who knows if 10 years from now "De-Fi" will become a "force to reckon with"? Just my opinion Smiley
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