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1681  Alternate cryptocurrencies / Speculation (Altcoins) / Re: XRP - yes or no? on: March 01, 2023, 10:56:48 PM
Seriously? You know XRP is almost 40 billion of dollars total marketcap how it’s a dead project as you thought i don’t know. It’s a too old project and still it’s hold top six ranks in the market. Although they're fighting with SEC, but i hope it will win. I think it's not bad to invest even from CHZ,RNDR & SAND.

Market cap is not an indication of a coin's level of success. It's just a way to determine a coin's value based on current market price and circulating supply. The only reason why XRP is in the top ranks in market cap, it's because of the partnerships the Ripple company has made with banks over the years. Whales are keeping it afloat, even though it's "centralized garbage".

I wouldn't expect XRP to have a future unless it puts its attention on decentralization and censorship-resistance. People are free to invest in any crypto coin, so only time will tell us how far will XRP go. As long as decentralization wins, nothing else matters. Just my thoughts Grin
1682  Alternate cryptocurrencies / Altcoin Discussion / Re: Shiba Inu turns into privacy coin like Monero or ZCash? on: March 01, 2023, 10:46:32 PM
When we are talking privacy-centric cryptocurrencies, prices or market cap is the last thing you want to discuss or bother with. The idea of Monero has private and confidential transactions is at its root the core value of the coin. It can be proved by the core design, unlike the token you are talking about right here. The utilities are the main point, if users are getting the benefit, it will get traction by itself.

Take the example of Tornado Cash, although it is defunct now, it is able to gain popularity and traction because it is utilized.

Market cap is nothing if the coin in question doesn't provide any real use cases to the world. It's just a means to measure a coin's value relative to its circulating supply. I don't think making Shiba Inu a privacy coin would be any help, especially when governments are taking a tough stance against crypto/Blockchain tech (mainly the USA). If developers add privacy features to SHIBA, it would be optional instead of enforcing it across its users. Something like DASH is doing right now.

Maybe SHIBA holders will be able to enjoy privacy by sending their tokens to a mixer? You can bet market prices will rise if new features are added to the "meme" coin. At least, the ride will last for a short period of time. Don't expect SHIBA to get that far because of the many coins in circulation. Who knows if it never gets to $0.01? Just my opinion Smiley
1683  Alternate cryptocurrencies / Altcoin Discussion / Re: Favourite MEME COINS? on: March 01, 2023, 10:40:27 PM
Well maybe there was a reason we seen Floki Inu pumping. I did not buy any of them but this is the reason I think we seen so many gains from this project.
It now has a strategic marketing partnership with Real Madrid football club for home games. https://cryptonews.net/news/altcoins/20611145/

Just because Floki Inu has a partnership, doesn't mean it's worth the investment. For what I know, this is only a tactic to attract investors into the project. What really matters is what use cases the coin is able to provide in the mainstream world. Don't expect a "meme" coin like Floki Inu to be useful, especially when it was built with inflation in mind. It's all driven by hype to say the least.

I think 99% of "meme" coins will die simply because they have no substance to them. Only DOGE will survive because it's the oldest "meme" coin in the crypto/Blockchain space. I'd suggest you look for other options if you want to preserve your investment in the future. As long as you don't put all of your life savings into a "meme" coin, there should be nothing to worry about. Who knows which "meme" coin will become popular next? Just my thoughts Grin
1684  Economy / Exchanges / Re: Will there ever be any safe centralised exchange ? on: February 28, 2023, 04:46:21 PM
To be fair, when it comes to a centralized company or project run by one person or organization, there is no such thing as absolute safety. We accept their use means we accept the risk if something goes wrong. But currently for the market, we don't have too many choices, if we don't use them, there is almost no solution for us to choose. So always be ready to take risks and use them wisely to minimize the risk.

Most people don't care about the risks of centralization, as long as they get convenience in the long run. After all, the vast number of crypto users aren't that tech-savvy enough to understand the true benefits of decentralization. CEXs won't be going anywhere, especially when they dominate a large portion of the crypto market. If you really want "safety", just avoid depositing large amounts of coins in a centralized exchange. Only deposit what you're willing to trade in a day.

I hope that DEXs rise in popularity after the downfall of FTX. They might be slow and expensive to use sometimes, but their level of security is beyond compare. Developers are improving scalability for underlying Blockchain networks, so it should only be a matter of time before DEXs become a "force to reckon with". Who knows what would be the next centralized exchange to collapse? Just my thoughts Grin
1685  Bitcoin / Bitcoin Discussion / Re: Bitcoin will not become the world currency. on: February 28, 2023, 04:41:23 PM
I don't think there's ever going to be a world in which we don't have fiat, and we only have Bitcoin.

The reality is that it's going to be much more complex than that. We will have Bitcoin living in parallel with fiat currencies.

Even right now there's some people living in a Bitcoin standard. They get paid in Bitcoin and they pay their goods and services with Bitcoin. Others have massive amounts of Bitcoin and they simply sell a portion of it every month to live off Bitcoin. On the other hand, there's plenty of people that live in a 100% fiat world and have no idea about Bitcoin.

Just like the Internet, the people that use the new technologies will get ahead, and the people stuck in the past will be worse off.

Exactly. Governments simply won't allow that to happen. Otherwise, they would lose control over people's financial life. Bitcoin will only remain an alternative currency for those seeking true financial freedom. The fact that it can be used anywhere there's access to an Internet connection, is more than enough to classify it as a "world currency".

Some governments officially recognized BTC as legal tender, while others are banning it completely. Yet, Bitcoin's decentralized and censorship-resistant design makes it immune from governments' actions. It will certainly live alongside Fiat for generations. Who knows how far Bitcoin will go in terms of mainstream adoption worldwide? Just my opinion Smiley
1686  Alternate cryptocurrencies / Altcoin Discussion / Re: What will be the next crypto craze? on: February 28, 2023, 04:35:04 PM
After ChatGPT, artificial intelligence projects gained momentum. In fact, if we were in a bull market, we would see much better results in artificial intelligence projects, but for now, we have seen limited movement. It is not easy to predict the next cryptocurrency craze directly, but it is an undeniable fact that the developments in the real world have a reflection on cryptocurrencies. If we are going to make a prediction, it should be on a rational plane with real life.

There's a lot of "buzz" surrounding ChatGPT, so we should expect a plethora of AI-based tokens in the short term. But remember, not all that glitters is Gold. Around 90% of crypto projects will die because they really have no substance to them. They're only driven by hype.

People usually move onto the next big thing in crypto, so projects that are popular now will become history in the future. NFTs are still a trend today, so it's likely the craze will be extended for a little longer. Who knows what else to expect in this wild and crazy world of crypto? Just my thoughts Grin
1687  Alternate cryptocurrencies / Altcoin Discussion / Re: Do You trust Tether (USDT) Stablecoin? on: February 28, 2023, 04:30:15 PM
Tether is a good stable coin and from analysis, it is the most used stable coin in the market. It has a great team and I am holding it because it is built under different giving investors opportunity to buy and hold based on there preferred network. Nothing is wrong with USDT so we can use it and not join anybody that will create fud for it.

You can expect a huge crypto crash in the future if Tether fails. It's current the largest stablecoin in the market. Tether may live on multiple blockchain networks, but the companies' practices are quite shady. You'll never know when Bitfinex won't be able to honor the peg of USDT at some point in the future. There are simply a lot of risks that can't be ignored.

As I've said before, people are better off selling their crypto to Fiat instead of converting it to a stablecoin. That's because Fiat is backed by the full faith and credit of the government. The market will ultimately decide stablecoins' fate in the long run. 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
1688  Economy / Economics / Re: Economic implications of a US-China-Taiwan conflict on: February 28, 2023, 04:25:08 PM
So far, there is no reason to think that the US will lose its superpower status in the near future....

The United States is not directly involved in the Russian-Ukrainian war.  European countries suffer certain economic losses in the form of an increase in the cost of European products (most of the cost of production is the cost of acquiring hydrocarbons). 

However, the United States bears no such economic cost.  Many talented European scientists, engineers, programmers in such a situation emigrate to the United States. 

This will only strengthen this country economically.

It's going to take decades before the US becomes history. Even as it remains one of the leading superpowers of the world, countries are starting to step away from it by switching to alternative currencies (de-dollarization). American decline is inevitable to say the least.

Once the US is no longer a "force to reckon with", China and Russia would have no limitations in their ambitions to conquer the world. It's likely world democracy will fail once this happens. We're talking about a distant future that we might never experience during our lifetime. The world is full of uncertainty right now, so expect the unexpected. Who knows what would be of Taiwan in the long run? Just my thoughts Grin
1689  Alternate cryptocurrencies / Altcoin Discussion / Re: CBDC and Regulation discussion on: February 27, 2023, 04:35:32 PM
Regulation of crypto after CBDC is created will be a hot topic, and will cause a lot of trouble for many people and raise a lot of questions. I think governments who finally manage to do it, will put a big strain on crypto and its movements and make CBDC a lot more relaxed so that everyone would go towards that instead of trying to work and make the current system better.

I know that CBDC will not be available for many governments for at least years, it is something that they are considering, but governments are slow, they are very large entities which makes them slow so even if they are considering, it will take years for them to do it finally.

Most countries are considering the switch from analog Fiat to digital, so it's likely we'll live in a world dominated by CBDCs in the future. Regulation is inevitable, especially when governments don't want crypto to achieve its full potential. They will force the use of CBDCs among their citizens. After all, CBDCs will enable both governments and central banks to have a full scope over a person's financial activity. It will mark the beginning of the end for privacy with Fiat as we know it.

When CBDCs come in, crypto will be there to save the day. Who knows if the launch of CBDCs will result in higher adoption for decentralized cryptocurrencies in the long run? Just my thoughts Grin
1690  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin have life span? on: February 27, 2023, 04:30:06 PM
Everything has a life span and nothing is forever. Maybe Bitcoin will disappear in 100 years because the human race decided that a money system is no longer required because robots have taken over all the work and we do nothing but sit and enjoy the fruits of their labor?

There are countless scenarios in which everything ends. But a lot of them are unrealistic, if you would agree with me....

I think Bitcoin will definitely outlive us. Maybe our great great great grandchildren will witness the end of Bitcoin. Maybe an meteor destroys all life on earth in 1 year. Or maybe we all nuke ourselves out of existance.

Is there a point worrying about unlikely things? No.

So do not worry, Bitcoin is fine.

Bitcoin is just starting to blossom, so don't count on its disappearance anytime soon. We should enjoy it to the fullest during our lifetime. If it has done well for 14 years, then I'm sure it will be fine 50 - 100 years from now. By the time all BTC are mined, there might be a new technology that would render it obsolete. Yet again, Bitcoin's code is open source so it could easily adapt to the new technology if the community wants to.

Maybe BTC is immortal just like the Internet? I really don't want to know what will happen in the future, as that would bring much speculation to Bitcoin's life expectancy. The world is evolving at a fast pace, so either Bitcoin changes our society for good (very likely) or it becomes history. As long as decentralization is preserved, nothing else matters. Just my opinion Smiley
1691  Economy / Service Discussion / Re: Will FTX make a comeback? on: February 27, 2023, 04:25:03 PM
FTX failed as a centralized exchange, do you think people will trust their decentralized exchnage?
If they ever decided to come up with a centralized exchange, t will be a big falure. Who will risk thier money for the second time when they scam with their exchange FTX.  Sad

It's very unlikely FTX will gain back people's trust after what it did last year. The company could decide to launch a decentralized exchange, but bearing the "FTX" name/brand wouldn't do any help. Maybe doing a rebranding will do the trick? Either way, I think FTX's efforts to help restore its reputation would be nothing but failure.

Let's all turn the page, and write a new story with crypto facing new ventures after the collapse of a major exchange. FTX would be nothing but history, just like Mt. Gox in the early days of crypto. As least, we know the revolution won't be going anywhere soon. Who knows if constant failures of centralized exchanges will lead us towards the rise of decentralized exchanges in the crypto/Blockchain space? Just my thoughts Grin
1692  Economy / Economics / Re: Economic implications of a US-China-Taiwan conflict on: February 27, 2023, 04:20:03 PM
The Chinese leadership is now very closely watching the course of hostilities in Ukraine and the assistance provided to Ukraine by the international community. I think that what they see, namely the cohesion of other states to provide all kinds of assistance to Ukraine, greatly weakens the military fervor of China to attack Taiwan. In addition, China is very dependent on technology and trade with the US and European countries. And they perfectly understand what serious sanctions will follow if they decide to attack Taiwan. All this is now being tested in Russia and in the future it may well be applicable to China in the event of such aggression.

Therefore, China is now very cautious in its statements and actions. The intrigue remains over the emergence of information that China may provide military assistance to Russia with drones and artillery shells. If this happens, it will become obvious that China is preparing to attack Taiwan. Most likely, this is a stuffing of the necessary information, and China wants to use it in its multi-way combinations to obtain certain benefits, and not to help Russia in this losing war.

The only way China would be able to freely invade Taiwan is if the US is no longer a superpower. Weakening American influence should make both China and Russia stronger than ever. I think China will carefully plan its moves before "reunifying" itself with Taiwan. The outcome of the Russo-Ukraine war will greatly determine China's ability to proceed as planned. It's predicted the current conflict will end this year, with Ukraine having victory over Russia. If that happens, China will forget about invading Taiwan for a while.

The world is a dangerous place, especially when there are a lot of countries with nuclear weapons in their arsenal. It would be of utmost importance for the US to avoid WW3, by contributing to world peace. Otherwise, it will be the end of humanity for good. Who knows what surprises we'll find in the future? Just my opinion Smiley
1693  Alternate cryptocurrencies / Altcoin Discussion / Re: Do You trust Tether (USDT) Stablecoin? on: February 27, 2023, 04:15:07 PM
A lot will depend on the position of the SEC and if it is recognized that BUCD is a security, then USDT and USDC will also have to register. And most likely they will do it on their own, without waiting for a lawsuit with the SEC. But I do not know what consequences this will have for the crypto market.

If the SEC classifies stablecoins as securities, two things could happen. Either issuing companies comply with securities laws or close up shop for good. Things are getting intense for crypto in the US, so it's likely the last scenario will unfold sooner than later. I think stablecoins would be better denominated in EUR than USD. Only time will tell us if stablecoin issuers will do such change within the not-so-distant future.

Honestly, I can't think of a stablecoin you could really trust since they're all issued by a private company. None of them are backed by the government, so there's always the risk of loss. Cashing out to Fiat would be your only option to avoid such risk. I only see stablecoins useful for day trading, not as something you would put your life savings into. The market will decide which stablecoins stay afloat and which ones will fade into oblivion. We already have decentralized cryptocurrencies, so there should be nothing to worry about. Just my thoughts Grin
1694  Alternate cryptocurrencies / Altcoin Discussion / Re: Do You trust Tether (USDT) Stablecoin? on: February 26, 2023, 04:45:04 PM
Why didn't you ask about BUSD @OP?
I know that USDT had been under the radar but after SEC's order to Paxos to stop issuing BUSD (that will be stopped from 26th Feb), I believe that most of these pegged stablecoins are nothing but coins that may burst like a bubble and will leave no value in your hands if anything unexpected happens (like what happened with UST stablecoin after its depeg). Don't trust these stablecoins too much and keep withdrawing your funds in your local currency or just buy and hold btc or any altcoin you believe in. I know that it's risky but not to the extent of what could happen when something bad hits against a specific stablecoin.

I think you're referring to algorithmic stablecoins like USDD and UST. Those are prone to failure because they're not really backed by USD reserves. But I cannot say the same about USDT or USDC. These last two are issued by prominent companies in the crypto/Blockchain space. USDC's company (Circle) is regulatory-compliant, so it's likely the stablecoin will last for a really long time. USDT's company also does the same, although some people are skeptical about it due to being unable to prove its USD reserves for the Tether stablecoin.

I guess there are a lot more risks tied to a privately-issued stablecoin than a government-backed Fiat currency. To be on the safe side, just sell your crypto to USD instead of converting it to a stablecoin. Regulators are weighting down the industry, so time will tell us what will be the fate of stablecoins as a whole. Just my thoughts Grin
1695  Alternate cryptocurrencies / Altcoin Discussion / Re: Rumors that US SEC would like to ban crypto staking on: February 26, 2023, 04:41:04 PM
https://www.bloomberg.com/news/articles/2023-02-17/binance-holdings-explores-retreat-from-the-us-as-crypto-crackdown-escalates
https://finance.yahoo.com/news/binance-considers-pulling-back-us-153902920.html?
Binance Considers Pulling Back From US Partners as Crypto Crackdown Escalates

"The company, which operates the world’s largest crypto exchange, is weighing the retreat after its relationships with a key banking partner and stablecoin issuer ran into trouble amid intense scrutiny from authorities, according to a person familiar with the issue. Binance has been probed by the Securities and Exchange Commission, Commodity Futures Trading Commission, Justice Department and the Internal Revenue Service.

Binance Holdings is looking at whether to sever ties with intermediary firms such as banks and services firms and is reassessing venture-capital investments in the US, according to the person, who asked not to be identified discussing details that had not yet been made public. It will consider de-listing tokens from any US-based projects, including Circle’s stablecoin USD Coin, the person said."

That's terrible news. I'm not surprised to read about that, especially when the US has been treating crypto with an "iron fist". Too much restrictions will force crypto businesses to close their doors within the country. That means less tax revenue for the US government. It seems the US is doing this to prevent the US Dollar from losing strength in the mainsteam world. After all, it doesn't want the USD being replaced by another currency as the world's reserve currency. The US will eventually lose as the de-dollarization process has already begun. Countries are adopting alternative currencies at a fast pace (like Bitcoin), so it should only be a matter of time before the USD becomes history.

The SEC might've gone against centralized crypto staking, but that doesn't mean it won't continue to escalate. They might go after decentralized staking platforms if they deem PoS to be a security. I can see how ETH would face further opposition down the road from the US government. Maybe this would be Europe's opportunity to become the next crypto/Blockchain hub? Just my opinion Smiley
1696  Alternate cryptocurrencies / Altcoin Discussion / Re: why people are always interested in altcoins on: February 26, 2023, 04:35:16 PM
    -  Because when you invest in cheap altcoins and the value suddenly increases like what happened to the Shiba Inu, you hit the jackpot and suddenly you become rich if you buy a lot.

It's just that the risk is high, so you need to research carefully before you invest in altcoins, even I gamble on meme coins when I have the extra money in my budget. Because I have nothing to lose and it's only a small amount that can turn into thousands of money.

You have a higher chance of striking it rich by investing into altcoins than investing into Bitcoin itself. That's because altcoins are usually hyped by everyday people. But at the same time, they're an extremely-risky investment due to their highly-unpredictable nature. The first type of altcoins to go all the way down the drain are "meme" coins since they lack real use cases to the mainstream world. Then, others will follow if they're unable to deliver as promised.

You can either strike it rich or poor in an instant depending on how your play your cards. People who invest in altcoins are those who missed the Bitcoin train in the early days. There were many stories of early adopters who became rich after BTC went to the moon, so altcoins bring a fresh new opportunity to achieve limitless wealth. I'd diversify my investment into BTC and alts for complete peace of mind. As long as you don't become greedy in the end, nothing should stop you from achieving your dreams in the future. Just my thoughts Grin
1697  Economy / Economics / Re: Economic implications of a US-China-Taiwan conflict on: February 26, 2023, 04:30:09 PM
Taiwan is a major microchip manufacturer. The global microchip shortage will increase, due to such war. I guess that the global electronics industry will suffer losses, but I'm sure that the global economy can adapt and solve this issue. Perhaps the USA and China might be facing some economic difficulties and this might help for boosting the European economy, reducing the Chinese import to Europe and increasing the European export to both USA and China. Nobody knows what will happen.
The strategists at Washington and Beijing must be calculating the potential costs and benefits of such conflict, and they probably know whether or not it's worth it for the USA and China to engage in such war.

That's certainly true, mate. A Taiwan invasion would certainly lead us towards higher prices for electronic devices (especially smartphones and computers). I can see how this would negatively affect Bitcoin in the short term. If you thought the Russo-Ukraine war was coming to an end, then you haven't seen the worst of it yet. There will be more pain ahead for all of us if China decides to invade Taiwan.

I really hope we can get back to some sort of peace treaty between world countries, so everything could go back to normal. It's been a disaster after another disaster ever since the COVID-19 pandemic took the world by storm. The US certainly doesn't want inflation to rise, so a direct conflict with China would be zero to none. We can't predict the future, anyways. Who knows what will happen in just 2 years from now? Just my opinion Smiley
1698  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Dogecoin to be used for micropayments on Twitter? on: February 26, 2023, 04:25:45 PM
Dogecoin is a Proof of Work coin and its network runs very fine by Dogecoin miners. Elon Musk has engaged in Dogecoin since the last three years and he was nothing for Dogecoin network. He is more engaged with Dogecoin manipulations on market only.

I think it is possible for Dogecoin to hit $1 in short period of time. If it makes a new all time high, it would far pass through $0.75 that is its current all time high. Maybe $1 will be seen if Elon Musk integrates Dogecoin to Twitter platform. If he does it, likely he will do it in 2024 bull run.

Dogecoin was "in the scene" way before Elon Musk started promoting it. If Elon Musk decides to abandon Dogecoin for the next big thing in crypto, prices will fall, but the Blockchain will keep "chugging" along as usual. We're expecting Mr. Musk to add DOGE to Twitter, as it would benefit crypto/Blockchain tech by a long shot. Mainstream adoption will soar, especially when there are many people using Twitter worldwide.

As to why Elon Musk is delaying the integration of DOGE into the social media platform, it could be for a number of reasons. Either he's afraid of facing scrutiny from the regulators, or just want to "play" with investors by "pumping" the coin's price with false promises. It's been quite a while since Twitter was acquired by Mr. Musk, anyways. What will happen in the future is mystery. You can be sure DOGE won't get that far in price because of the way it was designed. Who knows if it goes back to less than $0.01 someday? Just my thoughts Grin
1699  Economy / Services / Re: [Crypto.Games] ★ Signature Campaign ★ Hero - Legendary[Full] ★ on: February 26, 2023, 02:40:24 AM
Payment processed.

Got it. Thanks a lot, guys! Cheesy
1700  Alternate cryptocurrencies / Speculation (Altcoins) / Re: XRP future looks shaky and uncertain on: February 23, 2023, 11:35:36 AM
I think Ripple started fine but only face an issue after so many years but they are lucky that their company is still there surviving and still have the chance to continue to operate legally once they win the case that is issued about them. It was the people who invest in Ripple are the ones who are playing with fire right now because some things could go wrong with Ripple later on. It is said that Ripple is backed by different banks therefore I think they don't just issue money out of thin air.

Also, there are people who profits from Bitcoin when someone starts using it, and that is the miners but those who use, invest/trade with Bitcoin can also make a profit out of it. Ripple users can as well get a benefit if they use their coin properly.

If Ripple really wants XRP to have a future, then it should stay away from it by leaving the "Ledger" in the hands of the community. The first step would be to sell all of its XRP holdings to remove any ties to the cryptocurrency itself. After that, XRP would be fairly distributed among participants. The XRP Ledger would also need more validators run by community members to help become decentralized and censorship-resistant. Maybe introducing some sort of incentivization mechanism to XRP validators will do the trick?

Unless Ripple removes any involvement with the XRP Ledger, I don't see it having a future anytime soon. I'd suggest people to consider Stellar (XLM) which has the same design as XRP, but with decentralization in mind. Ultimately  the market will decide which coin stays afloat and which one will fade into oblivion. As long as there's healthy competition in the crypto/Blockchain space, nothing else matters. Just my thoughts Grin
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