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1801  Alternate cryptocurrencies / Altcoin Discussion / Re: Solana takes back top 10 position on: January 26, 2023, 04:32:02 PM
Although Solana is often referred to as a project that is pumped up by market makers from large funds, at the same time, a large number of NFT projects are unfolding on this network. Demand for the blockchain space was high even during the bearish trend. Despite its return to the top 10, Solana will have a long time of trouble with its blockchain, which is still in beta stage.

That's odd. I wonder why NFT creators prefer Solana as their blockchain network of choice when it's constantly a victim of network outages? I'm aware that there's no other blockchain as fast and cheap as Solana (please correct me if I'm wrong), but reliability/stability issues would force people to look elsewhere. Despite the setbacks, I'm hopeful Solana will deal with its issues in the long run until it becomes a "force to reckon with". It could rival the very existence of Ethereum, Cardano, and many others if developers lead it into the right direction.

SOL's market price was severely affected by the FTX collapse (the exchange had investments in the cryptocurrency after all), so it's going to take a long time to recover. Who knows if you get to cash out huge profits after it goes to the moon? Just my thoughts Grin
1802  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Polygon network going to be an alternative to BSC network? on: January 26, 2023, 04:25:58 PM
If the price of Polygon falls below 50 cents, I will buy this token. I am not interested in the BNB token, I do not trade on the Binance exchange and do not participate in their launchpads. Practice shows that any exchange will go bankrupt, so I see no reason to buy a BNB token.

It's very unlikely MATIC will dip all the way to $0.50, especially when mainstream adoption is increasing by the day. The only way such thing could happen is if Bitcoin continues to decline in price. If BTC goes below $15k, then MATIC could easily go to 50 cents. No matter how much MATIC is worth in the future, it will always be a better alternative than BNB because of its decentralized and censorship-resistant design.

The latter (BNB) could easily fail if Binance goes all the way down the drain. After all, it's an exchange token. You can see why FTT went all the way down to the ground because of the FTX collapse. It's likely a new fork will emerge that would help BNB rise from the ground. The crypto world is widely unpredictable, so anything could happen in the future. Just my opinion Smiley
1803  Bitcoin / Bitcoin Discussion / Re: What would you do if you get a time machine now? on: January 26, 2023, 04:20:30 PM
You do not need to go back to the past, instead, you can try to think of the future.  Just like what @OP is trying to say, we can assume that the current year is the past year and the future of 12 years from now is the present.  This mean, we do not need to have a time machine but instead, we can just start accumulating Bitcoin at the current price and wait until 3 halvings had passed and see for ourselves that we had made the right decision of accumulating Bitcoin 12 years ago(present year).

We must anticipate the future by acting now before it's too late. Even though Bitcoin has reached a high level of mainstream adoption during the years of 2017 and 2021, there's still a lot of people who haven't heard about it or used it before. Once the whole world adopts Bitcoin as an alternative to traditional Fiat currencies, market prices will never be the same. They will be a lot higher than what they are right now.

I'd say we're still early adopters of the future of money. Just keep buying coins while they're cheap to sell them at a later time for profit. You can bet BTC will get past the $1m range after a few halvings. Goldman Sachs already declared Bitcoin as the best performing asset of 2023, so the best is yet to come. Who knows how far will the cryptocurrency go? Just my thoughts Grin
1804  Bitcoin / Bitcoin Discussion / Re: What could have Satoshi faced if he made himself known from the beginning on: January 25, 2023, 03:05:28 PM
If he shows up in the first place, he will attract the attention of the government and I am pretty sure they will find a way to get him to stop bitcoin, and most likely, we will not see bitcoin and crypto like nowadays. Or potentially a centralized and government-controlled version of bitcoin. But luckily, that didn't happen, and the government is having a lot of headaches when there is no way to stop bitcoin.

We have to admit that Bitcoin is unstoppable. Governments can't do anything about it even if they find who Satoshi really is. My guess is that they will try to force Satoshi to sell all of is Bitcoins to cause a huge decline in market prices. After that, most people will lose confidence in BTC as a store of value (especially when they're only focused on making money with it). It will take a long time before BTC recovers back to its original market prices.

While the odds of governments finding Satoshi are slim, we cannot discard this from happening sometime in the future. Bitcoin has been going strong for 14 years now, so I'm confident it will last for generations. Just my thoughts Grin
1805  Bitcoin / Bitcoin Discussion / Re: Genesis Bankrupt, Impact on BTC? on: January 25, 2023, 03:01:05 PM
There have been many Bitcoin companies that have already collapsed.

Bitcoin doesn't really need them, it's mostly people that want to make money and end up creating something unstable.

Specially if the company is an exchange that keeps selling people IOUs instead of real Bitcoin. That's always going to collapse at some point. Yet, companies like that continue to exist.

Companies will always screw up in the end. But what's important is that Bitcoin remains decentralized so it could stand the test of time. These unfortunate series of events will only harm market prices in the short term. Long term speaking, Bitcoin should be worth a lot more in USD terms. It'll probably be in the "millions" within 1-2 decades from now. You can bet Bitcoin would've died if it was centralized.

I'm yet to see when Fiat will lose ground, as inflation soars like there's no tomorrow (although inflation eased a bit with the FED's measures). Who knows what the future will bring to Bitcoin and the whole crypto/Blockchain industry? Just my opinion Smiley
1806  Alternate cryptocurrencies / Altcoin Discussion / Re: What will be the next crypto craze? on: January 25, 2023, 02:56:11 PM
I don't think so. There are a good number of POS coins out there and I think they are being talk often other than one POW coin which was Bitcoin. A lot of people do staking but there are just people who prefer mining. They also think that POW coins are more decentralized, which is why they like it more than the POS.

Anyway, staking or proof of stake coins are not a new thing so I think this wasn't the thing that the OP is looking for. I think the next crypto craze will focus on the AI because lately I am seeing a good number of threads like this in the forum. This all is of course because of that Chatgpt which said to help solves real world problems. Well let see about that.

AI, the metaverse, and Quantum computing will help trigger the next crypto craze (also L2 scaling solutions, ZK-Proofs, and Sharding). Everything has been put to a halt due to the deteriorating state of the global economy. Just wait until it's all over for crypto to gain the spotlight once more. Even though there's a lot of negativism surrounding the industry, that hasn't stopped developers from continuing to "build" behind the scenes. You ain't seen nothing yet as the best is yet to come.

I'd suggest you invest into any project that focuses on the adoption of any of the aforementioned technologies. Buying at an early time, would increase your chances of profit in the future. Who knows how far crypto will go? Just my thoughts Grin
1807  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin, Dogecoin Gain After Musk's Tweets, But Will There Be Another Bull Run? on: January 25, 2023, 02:50:39 PM
I won't agree with "we know Bitcoin won't be going anywhere soon". I don't know anything, just hope it will rise asap. As anyway it's price is not so much low for investments, but I still have something to hold there. It would be nice to see it at least on 40k this year Smiley

Bitcoin has made it this far (14 years), so I'm confident it will last a very long time. I don't think BTC will hit $40k this year, simply because there's not enough "momentum" to pump market prices all the way to the moon. The recent pump was shortlived as crypto is still feeling the pain of the Terra/LUNA implosion, the deteriorating global economy, and the FTX collapse. There's a lot of negativism surrounding the industry right now. It's going to take quite a long time before BTC or any other cryptocurrency for that matter reaches a new ATH in price. Don't count on Elon Musk pumping DOGE's price, especially when investors are getting tired of him. There needs to be something new and fresh that would help crypto gain traction once more. No one knows what the future holds, so we can only hope for the best. Just my opinion Smiley
1808  Other / Archival / Re: Why has bitcoin adoption failed in El Salvador? on: January 25, 2023, 02:33:27 PM
Since El Salvador accepted bitcoin as a legal tender, most developed countries and their press have published hundreds of articles talking about the failure of El Salvador, and El Salvador will soon default on accepting bitcoin. But by January, El Salvador had officially paid $ 800 million in debt, and interest, especially no newspaper wanted to mention this, they are trying to hide. Bitcoin has yet to make El Salvador rich, but it has done what USD will never do, if President Nayib Bukele had not risked bitcoin and continued to use USD, that debt would have run into trillions of dollars.

https://twitter.com/nayibbukele/status/1617983798037327876

Mainstream media are on governments' and central banks' side. They will do anything they can to discredit Bitcoin as much as possible. People tend to believe what they're told by mainstream media these days without doing their own reasearch beforehand, so any negative news tied to BTC would surely affect its market price in the short term. At least, El Salvador is on the right track by adopting BTC as legal tender.

If the "Bitcoin Experiment" becomes a huge success, it's likely the Salavadorian government will ditch the USD for good. This won't look in the eyes of the IMF and big banks. After all, they want to remain in power/control over the global economy. Imagine what would happen if a considerable amount of countries adopt BTC as legal tender. It will mark the end of Fiat for good.  Who knows if El Salvador will be the one laughing in the end? Just my thoughts Grin
1809  Bitcoin / Bitcoin Discussion / Re: Bitcoin will not become the world currency. on: January 24, 2023, 04:58:43 PM
Absolutely true.

Right now Strike for example is using Bitcoin to transfer money around the world, it's already working in El Salvador, Argentina, and USA.

It's basically being used as the world currency (for those 3 countries so far, but more coming in the future).

It's just common sense, the underlying network for money transfer will be Bitcoin, then they will skip fiat altogether.

Slowly but surely, countries are adopting Bitcoin as an alternative to Fiat. Banks have shown us they've failed in helping restore the economy back to its original state. They've kept printing more money, effectively debasing mainstream Fiat currencies. Since Bitcoin is deflationary and cannot be controlled by banks, it could prove to be a solution to all of the world's problems. The more people lose trust in banks, the better for Bitcoin.

I'd say Bitcoin is more than just a "worldwide currency". It's freedom that empowers you to take control of your own life without the need to worry about oppressive governments and central banks. The revolution is just getting started, so who knows if early adopters like us will get lucky someday? Just my thoughts Grin
1810  Alternate cryptocurrencies / Altcoin Discussion / Re: What's your opinion on the future of Decentralised exchanges on: January 24, 2023, 04:45:54 PM
I agree. I don't think most people can catch up with DEX that easily. In this day and age wherein a lot of minor inconveniences are considered as 'problems' by a lot of people, you wouldn't expect them to try and go learn about DEX themselves. It's quite ironic when information is readily available, but people still stay uninformed. CEX provides that easy access and an overall smooth transaction for the average Joe, and DEX is for those who seek added security and anonymity in dealing with cryptocurrencies. It will remain as a separate niche for a long time, and CEX will surely eat the bigger share of the pie until then - though that doesn't mean that DEXs would be gone. They're just not going to be hosting a lot of volumes that's for sure.

DEXs have many flaws, so it's unlikely they'll replace CEXs anytime soon. Despite this, I still believe they have a future because developers are working on improving them every step of the way. L2 scaling solutions, and ZK-Proofs will make DEXs as comparable as CEXs someday. These last ones would be more regulatory-compliant because of the way they were designed.

In the future, people will get to choose an exchange depending on their needs. If they want anonymity and control of their funds, they'd simply use a DEX. But if they want ease of use or more liquidity/trading volume, a CEX would be the only way to go. It seems to me that CEXs and DEXs will co-exist for generations. Just my opinion Smiley
1811  Economy / Economics / Re: The impact of Russian and Ukrain war on world economy on: January 24, 2023, 04:35:03 PM
US is both being hurt and benefiting from this conflict at the same time since a lot of things didn't go according to the plan. The best case scenario for US would have been to decrease energy prices so that they don't enter recession themselves but failed to do so which is why the US economy is hurting too even though they reduce its effects by dumping it all on EU. Which is proof that US has no allies, only other countries that they use.

As for the benefit, it is two part. First is destabilizing the world and weakening Russia while US itself is not losing troops since they are fighting Russians through a proxy. And second is their failing military industry that had lost a gigantic portion of the global weapon sales over the past couple of years. When they started the proxy war with Russia, they regained all of that lost profit and more by increasing their prices up to 12 times in some cases and increase the amount of garbage they sell to other countries.

I see the current unfortunate series of events as a sign of American decline. Russia wouldn't had invaded Ukraine if the US was a "force to reckon with". Now everybody is paying the price as gas, food, and energy prices are increasing by the day. Even though the US hasn't directly intervened in the conflict with its military, it has spent billions of dollars and wasted a lot of its weapons reserves to support Ukraine. The more it gives Ukraine, the weaker the US will become.

I think the bad things outweigh the benefits. It's almost a year since the war started, and energy prices haven't been put under control yet (both in the US and EU). The US claims inflation has declined, but with rising energy prices, things will get worse in the long run. Who knows if the whole world is headed towards a very dark future? Just my thoughts Grin
1812  Alternate cryptocurrencies / Altcoin Discussion / Re: Free crypto possible ? Or impossible? on: January 24, 2023, 04:26:14 PM
Crypto enthusists should keep in mind the time they spend grinding these priceless tokens is wasted. Time that they could be putting under good use and making real profit, instead of receiving tokens they can't even sell after all, because the developer didn't take the project till the end, didn't register it at exchanges or didn't manage to create any demand in the market.

There are good opportunities in crypto, without any doubts, but to start from zero it's not the same thing than it was years ago. These days it's more interesting to make initial budget outside crypto in order to start investing on it later.

Developers give away "free coins" just to "suck in" as much people into their projects as possible. Some do it to pull off a scam, while others just do it to help their projects gain exposure. Claiming "free money" from airdrops is no different than claiming coins from a faucet. You'd waste a lot of time just to get a small reward in return. It's totally not worth it. You're better off working for crypto or mining/staking to get higher returns in the long term.

With regulators weightning on the industry real hard, you can say goodbye to freebies for good. Who knows if this means less scam projects in the future? Just my opinion Smiley
1813  Economy / Exchanges / Re: Will there ever be any safe centralised exchange ? on: January 24, 2023, 04:20:06 PM
Absolutely.

One of the main key points of Bitcoin is the decentralization of it.

Anything that is centralized should not be seen as beneficial for Bitcoin or the people using it.

I think it's just the fact that most people just want the convenience that comes with centralization, but that's a bad trade off.

Most people are too lazy to learn how to properly use a DEX. They prefer to trust a third party with their crypto just to avoid having the responsibility of securing the keys themselves. You would just deposit crypto in a CEX, start trading, and forget about the rest. Some DEXs have slow performance and utterly high fees due to the underlying Blockchain network's congestion, so don't expect CEXs to go anywhere soon.

While there isn't any "safe" centralized exchange, it's up to you to minimize losses by depositing only what you're intended to trade in the platform. The FTX collapse will force CEXs to provide proof of reserves, giving us a sign that regulators will be weighting on the industry very seriously. There isn't any indication people will stop using CEXs, so it's likely they will live alongside DEXs for generations. Just my thoughts Grin
1814  Bitcoin / Bitcoin Discussion / Re: Banks do not want bitcoin to become popular on: January 23, 2023, 03:04:38 PM
Even if you use P2P binance, you still need to use a bank if you want to use fiat. Banking will never go away, it's very important to us. It should be remembered that banking has existed for hundreds of years and still exists today. Without a bank we would be in trouble, but without bitcoin, we would still have a normal life. Many people still live normally and are even rich without bitcoin.

That's certainly true, mate. Banks will never go away simply because they're "too big to fail". Governments need them for the issuance and circulation of money, so such financial institutions will be relevant in the future even with crypto/Blockchain tech in play. What they will do is create digital currencies of their own to avoid being left behind in the dust.

The real reason why Banks hate Bitcoin it's because of its decentralized and censorship-resistant design. Not because it threatens the existence of Fiat. Bitcoin is freedom, while Fiat is slavery. Banks want you to play by their rules by being enslaved to a centralized monetary system that can easily be debased. The more people use Bitcoin, the more furious banks will get. This is will be a never-ending battle between crypto and Fiat. At least, we know Bitcoin won't be going anywhere soon. Who knows if it lives alongside Fiat for generations? Just my thoughts Grin
1815  Bitcoin / Bitcoin Discussion / Re: Genesis Bankrupt, Impact on BTC? on: January 23, 2023, 02:57:55 PM
Damn, they are going to miss the priceless name of the company "genesis". It was so related to the bitcoins and it's beginning. How sad it is to let go with such bad news. I mean obviously they could re-do everything with proper planning and if they somehow get the funds for their business to go on further.

I am not sure how this may help, but doesn't the recent hike would make them regain some money from the market? I mean though it is comparatively small hike in the bitcoin prices; it would have mega impact on the bulk holdings if any? Could be broken logic but sometimes simple tricks can play very well.

Lenders should not go bankrupt, they take more than enough interests!

Another crypto company directly linked to Bitcoin going bankrupt, would certainly cause a negative impact among investors and traders alike. But it'll pass, just like it happened with the Mt. Gox collapse some time ago. I don't think the recent pump in market prices will save Genesis, especially when the losses are greater than short-term gains. FTX couldn't be saved, so what makes you think Genesis will make a comeback?

I see a period of cleansing that's approaching among us. The bad actors will slowly be stripped away from the crypto industry until we're left with the good ones. It's possible that these unfortunate series of events will make crypto bigger and stronger in the future. Bitcoin is the "Father of Crypto" so I'm confident it will rise in price after the tide is over. The real question is: Have you already accumulated BTC yet? Just my opinion Smiley
1816  Alternate cryptocurrencies / Altcoin Discussion / Re: Solana takes back top 10 position on: January 23, 2023, 02:53:08 PM
The key to SOL's future will be getting more and more projects. They are on the right track by attracting projects that could attract investors. They do not need to get investors directly to SOL, that's what the newbie tokens and such do, that's not the way SOL will go up.

However, if they could end up with getting huge projects based on SOL's network, that could be a lot better and it would definitely give them an edge over everyone else. That's what ETH and BNB did and they are at the top, and that is exactly what SOL need to do in order to make a noise. They do it, but not at enough levels and should be doing something higher for sure.

What sense would it make to attract more projects into the Solana network, if the same is literally broken? Developers must first focus on fixing the network's inherent issues, before talking about attracting the masses. They don't seem to care about putting Solana back in order, especially when there's a lot of money to be made. SOL is purely driven by hype, so I'd suggest you stay away from it if you want to prevent losses in the long run.

Whales may be keeping SOL among the top 10 ranks in market cap, but that may not last for long because of the reasons mentioned earlier. Who knows if Solana ultimately becomes history? Just my thoughts Grin
1817  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Should I keep my BNB or Sell it? on: January 23, 2023, 02:47:57 PM
It doesn't matter if it's a centralised exchange, if it's Binance. I'm sure BNB is very profitable to buy now, just like ETH or BTC. Binance is a monopoly that controls the whole cryptocurrency market. Once the bull market starts, BNB will be one of the growth leaders. Especially since BNB is no longer just an exchange token.

That's certainly true, mate. Binance controls the crypto market, so it could easily lead BNB all the way to the moon whenever it wants. The exchange is simply too big to fail. Other competing chains may have better features and a wide number of projects supporting them, but they're missing the most important thing which is exposure. BNB has everything at its disposal, thanks to being tied to the biggest crypto exchange in the world. It may have suffered deeply in price, but I'm confident it will bounce back after the next bull market.

Buying and "hodling" BNB now would be the wisest decision to make. Who knows if you become the next crypto millionaire? Just my opinion Smiley
1818  Economy / Economics / Re: Will central banks ultimately fail in their goal of lowering down inflation? on: January 23, 2023, 02:11:07 PM
Actually the increase of interest rate worked as we expected and most fiat currencies started to recover from the dive took since 2020 for the past few weeks but it affected the end user a lot so they created the circulation of money into the economy without making any changes which benefits the people.

No economic experts accepts bitcoin as an alternative and don't know how long they will take to accept it but already people realized what is best so they are investing more than before in all the assets so we may see a revolutionary change if the trend goes on for long period of time.

The FED's strategy seems to be working but if it decides to back down early, then everything would be nothing but lost. It's best for central banks to keep raising interest rates even if they lead us to a severe recession in the long run. Otherwise, inflation will continue to grow to a point where it can't be put under control. A good thing about Bitcoin is that it's deflationary by design. You cannot debase Bitcoin unlike traditional Fiat currencies.

If the world gradually begins accepting BTC as an alternative to Fiat (like how El Salvador has been doing lately), then banks will start losing traction until they become history. The odds of this happening are very slim, but who knows what changes will come in the future as we head into complete uncertainty? Just my thoughts Grin
1819  Economy / Services / Re: [Crypto.Games] ★ Signature Campaign ★ Hero - Legendary[Full] ★ on: January 22, 2023, 10:30:43 AM
Payment has been processed.

Got it. Thanks! Cheesy
1820  Bitcoin / Bitcoin Discussion / Re: What could have Satoshi faced if he made himself known from the beginning on: January 21, 2023, 01:38:03 AM
If Satoshi was known then there's no doubt that Government would really be trying out their best to get a hold of him and trying to convince or even force him out to stop on what he had created.
It is really that no brainer on what they would do or even kill satoshi to break down the morale of Bitcoin supporters but pretty sure it wont really be that something simple to happen.
It is really good to have on this way on which he decided to remain that anonymous and never tend to come out on the shadows.

Even if they catch Satoshi now, they won't be able to stop Bitcoin because of the way it was designed. The cryptocurrency has a lot of nodes and miners supporting it worldwide, so it would take a lot of time and effort to shut it down for good. Not even Satoshi would be able to do anything about it, as it's all about consensus.

Because Bitcoin is open source, any compromise on the Blockchain could easily trigger a new chain with its own set of rules. It's virtually unstoppable. They only chance governments would've had to stop Bitcoin was back in its very beginnings. Kudos to Satoshi remaining anonymous since day one. I hope he stays that way for the good of Bitcoin and the whole crypto/Blockchain space. Just my thoughts Grin
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