Ironic question right? Well, as a crypto lover/ investor or whatever, only one thing that comes to my mind. That is, to be honest, if I get a time machine now, I would probably travel to the past and advise myself to buy BTC when it was so low. In the past, I may not have had the cash to buy it, but somehow I would convince myself to gather some money to buy it. Or take something from today and give it to my past self.
This is just like a fantasy. A daydream that is impossible to do. But have you ever thought something out of the box? Like we are in 2022 soon to be in 2023 (Happy new year to all). As days pass by we are moving toward the future right? Thinking about it like this puts us in the past. Our future will become our present one day. So are you going to think the same thing about your future and just continue on living?
Bitcoin is here with us since 2008. We can't go to the past, can't change it.
After all this, you may be wondering what I am trying to tell here. Let me explain then.
Considering our present as our past, put yourself in the future and think about what your future self would advise you right now. In this bear market, the price is low. Not as low as in 2008, but it is low now. What are you going to do? Ignore this now and in the future tell yourself when Bitcoin crosses its ATH again that, "if only I had a time machine now"
Well, a bear market is not a thing to be panicked about. It's an opportunity to fill our bags. Hold it for the future, as if your future self told you to do so. Every pro-crypto owners know this. Time to learn for yourself.
This topic is for newbies who are thinking that BTC will fail and get vanished out of existence. Read this, and you will understand
[Note: Not your financial adviser, Do Your Own Research]
Be sure to let us know what you think about this!
I think most us would simply buy BTC at cheap prices if we had access to a time machine. As for me, I'd just go back in time to prevent falling for many cloud mining scams and recover my losses. I'd also buy as many cheap DOGE as I can to sell it before Elon Musk started pumping its price back in 2021. The profits would've been used to buy more BTC and become a filthy rich person. While BTC prices have declined massively these days, I still think we're early to the game. There's a lot more to crypto/Blockchain tech than meets the eye. Once renowned companies, mainstream governments, and banks begin to massively adopt this tech, BTC prices will never be this low again. We should start accumulating as much cheap coins as we can before the market starts pumping again. The future is widely unpredictable, so we can only hope for the best.  |
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In a decade, I think people would be using and still very much dependent on fiat currencies for most of their transactions and daily payments. Jumping forward to a few decades from today, fiat currencies may likely not be the most preferred form of making daily payments and small businesses might prefer some other sort of method for making transactions. But I still think the fiat currency would still be very much with us in the next few decades. Maybe not as relevant but still very much alive.
Yeah, I also wouldn’t worry too much about if or when paper money would cease to exist.
I think it will take more than a decade for Fiat (paper money) to be taken out of circulation for good. CBDCs haven't been rigorously tested yet to become Fiat's eventual successor. Some countries have already launched their own digital currencies, while others are still thinking it through. We already have "digital cash" in the form of decentralized cryptocurrencies (eg: Bitcoin, Ethereum), so why wait until CBDCs are released for public use? You can bet that once CBDCs are launched, the end of privacy will begin. They will give more power/control to the government over people's finances. It's likely people will massively adopt decentralized cryptocurrencies after this happens. No one can predict the future so we can only hope for the best. Just my thoughts  |
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I am not going to end up investing into something just because there is a small chance that it happens. I am not saying that it's the worst thing ever or something like that, but I am saying that it's going to end up with a good chance of never reaching its ATH ever again, that's a likely thing. All in all it's going to end up with a low price and that's a very terrible thing, which is why I have to handle all the problems before you invest.
Just don't, realize what a big mistake it would be and don't, it would help you get better in the long run. This is why we have to just look for what we invest into, and if it's shaky and dangerous like doge, stay away from it.
DOGE is a purely-speculative cryptocurrency that lacks real use cases for the real world. The original developers even said Dogecoin wasn't mean to be used seriously in the first place. It was just created as a joke. The ever-increasing supply of the cryptocurrency, tells us market prices should decline over time. Unless developers make DOGE a deflationary cryptocurrency, don't expect it to retain its market price for long. As I've said before, it'd be a miracle if DOGE hits $1 and stays within the range for quite some time. You should try cashing out your Dogecoins as quickly as possible once you see that happen. Otherwise, you could end up being "rekt" in an instant. Who knows if DOGE goes back to being worth less than $0.01 soon? Just my opinion  |
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The way some investors worry about BTC seems like their investment is huge but it turns out that relatively small investors are concerned. But big investors have invested billions of dollars in Bitcoin without any tension and they believe that they will be able to get maximum profit from it in the future. Big investors are now dreaming bigger with Bitcoin. They are confident about Bitcoin. It is a fact that small investors find it difficult to keep their money for long.
Small investors are usually newcomers into crypto who truly don't understand how the market works. They quickly become concerned when everything goes downhill, thinking it's the end of crypto for good. Bitcoin is usually the "face of crypto", so decaying market prices would usually give a bad impression of the whole crypto/Blockchain industry. The reason why everything is going down it's because of the deteriorating situation of the global economy. We can blame the COVID-19 pandemic and the Russo-Ukraine war for this. That, and also the fact that the Terra/LUNA implosion and the FTX collapse have made matters worse. While I'm confident BTC will rise again, it's going to take quite a long time before the hype makes a comeback. I'd say this is the perfect opportunity to buy some "cheap" Bitcoin before it's too late. Who knows if BTC gets past $100k after this is all over? Just my thoughts |
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They don’t really have a choice. They will either let the inflation loose, or crash the markets while fighting it. There isn’t an easy way out of this. Whenever the central banks have to make a choice between high inflation and high interest rates, they always choose high inflation. People think the interest rates are high now… in reality they are at half of what they need to be. You can’t fight inflation that way. Nobody can. At some point Powell will tap out and start QE’ing again.
I think central banks will ultimately give up when they realize they can't keep inflation under control. We can blame the COVID-19 pandemic and the Russo-Ukraine war for this mess. Now all hell will break loose, as prices will continue to soar like there's no tomorrow. The poor will become poorer, while the rich will become richer. Bitcoin was created as a solution against banks' malpractices. If only the world switched to the Bitcoin Standard, things would've improved for the better. After all, Bitcoin is a deflationary cryptocurrency that can't be debased by any government or central bank whatsoever. Some countries are gradually beginning to adopt BTC as legal tender, so only time will tell us if central banks (alongside Fiat) will cease to exist for good. Just my opinion |
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When developers are only thinking about money in the end things will not end well but I hope to be wrong here.I was just checking the price as the last time I saw SOL price was when they were from 66 to over 100 dollars if I am not mistaken.I agree that whales are keeping it up because there is no other valid explanation for this,being one of the most unreliable blockchains in the world should not give the coin as much exposure as Solana had and is having.I personally love stability over convenience which is why I love projects like Raptoreum more,not a single outage and the developers are active there.
I agree with the OP in the end the future does not look that bright for Solana.
Stability/reliability goes above all else. Even if whales are keeping Solana afloat, the project won't be able to last for long if developers don't fix its underlying issues on time. The competition is getting fierce each day, with new smart contract platforms delivering unique features not found anywhere else. Solana should've focused on providing real use cases to the mainstream world, instead of being solely driven by hype. With the recent crash of a major crypto exchange (FTX), I doubt Solana will be able to get back on its feet anytime soon. We're going to have to see how SOL will react during the next bull market run. Still, rising market prices are not a guarantee the project is doing well. Developers don't care about SOL, so it's likely the cryptocurrency will become history soon. Just my thoughts |
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You posted in 2021, it's 2023 now, and the price of the MATIC coin hasn't experienced a huge price increase, so I think the reason is because the competition in crypto is getting tougher.
It's only been two years since I've last created this thread. Yet, MATIC's price has performed terribly bad during the course of 2022. You can thank the deteriorating global economy for that. I believe this year won't be any different, especially when there's a lot of negativism surrounding the crypto/Blockchain space (FTX collapse, Terra/LUNA crash, etc). Just wait until the tide is over and MATIC could easily hit the "double digits". After all, renowned companies are launching NFTs on the Polygon blockchain (such as Coca-Cola, Disney, and even Donald Trump himself). These are signals of increasing adoption for the MATIC cryptocurrency. If you buy coins now, you could easily cash out big time once the bull market turns bullish again. Who knows if MATIC goes to $20 sometime in the future? Just my thoughts |
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It is not a question of "IF" buy When history repeats itself. From the history of previous ath, btc has always create new records hence the same will happen come 2024. According to some information online, the accumulation of btc keeps increasing, even the number of non custodian wallet holding btc keeps raising, which means the btc supporters are strongly accumulating which can only result to one result - Mega ATH. While history has shown us that Bitcoin makes a comeback after each halving period, it's certainly not a guarantee the same will happen by 2024. These times are different, because the world is struggling to recover from the negative effects of the COVID-19 pandemic and the Russo-Ukraine war. If the global economy hasn't recovered by 2024, don't expect Bitcoin to reach a new ATH anytime soon. I'd be surprised if BTC still manages to reach a new ATH in the middle of the crisis. That would mean Bitcoin has finally become an independent form of money that moves on its own regardless of what happens in the mainstream world. 2023 is just getting started, so we can only hope things will get better in the long run. Just my opinion |
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Even if these negative events stop, no revolutionary projects are likely to emerge. Let us remember the history of cryptocurrency creation, not from the launch of the first blockchain, but from the inception of the idea itself. Almost half a century passed between the first thoughts and the first product, technological projects like cryptocurrencies are born for a very long time, decades. And it will take another decade before this technology is fully adopted around the world and available to everyone.
Exactly. It's going to be a long time before we see any major breakthrough in technology that will "blow" crypto/Blockchain tech out of the sky. The pandemic (and now the Russo-Ukraine war) have set us back for a few years. Progress cannot be achieved quickly as it used back then. What the future holds for our society, is a mystery. But I'm pretty sure crypto will be replaced by a better technology in the distant future. Neither you or I will be alive by the time that happens, but probably our grandchildren will. Let us enjoy what we have now, while it lasts. As long as we're able to enjoy the benefits of decentralization, there should be nothing to worry about. Just my thoughts |
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actual value (4.58 euro) is down by 91.07% from the maximum value reached on 04 Nov 2021 (51.22 euro). :O
this requires a lot of effort to regain the values. really a lot...
Even if I am taking some DOT in staking I am not sure that I will see again this value.
But meanwhile I am still staking so probably could be a nice option to gain some "dividend" waiting for a better value...
The project is interesting but much probably has been just "hyped" too much in the past ...
with this, I am not saying that is not a good investment but probably is not the better choice in this moment or for the long term.
At least, Polkadot hasn't been as hyped as Solana once was. The latter project already proved to be a failure with developers' inability to fix network outages, among other sort of issues. Yet, Polkadot is still standing strong as one of the leading competitors of Ethereum behind Polygon (MATIC) and Cardano (ADA). Current prices for DOT are quite a bargain these days, considering there's more to the cryptocurrency than meets the eye. The parachains scaling technique will easily allow Polkadot to scale to millions of users without any disruptions whatsoever. Once the DOT blockchain takes off, prices will never be this low ever again. It's one of those "blue chip" coins that are perfect as a long term investment. As long as you don't put all of your life savings into it, you'll have nothing to worry about. Just my opinion |
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In general we all are responsible for the bearish trend. Who else gonna take the responsibility anyways. This is deeply connected cycle amongst everyone. Riches go crazy few times a year, they buy bulk they sell in bulk and give rise to those FOMO reactions.
This year, there were various aggregators for this reaction including the one in OP. Though bitcoin always gets up pretty quickly then also it remained dead cold this year due to one event after another kept coming pretty badly. This will definitely take lot of time to recover.
Indeed. It's going to take quite a long time before everything goes back to normal. I'd take advantage of this opportunity to grow my stack of coins as much as possible. Once the bull market makes a comeback, prices will never be this cheap ever again. History has shown us that unfortunate events damaged crypto's reputation for a short period of time. But people eventually forget about the negative stuff, putting crypto in the spotlight again. Just wait until central banks stop raising interest rates (especially The FED), for prices to go all the way to the moon. Who knows if we'll become the ones laughing at the end? Just my thoughts |
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Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.
Well, it's a "meme" coin so don't expect much from it anytime soon. This is just the hype of the moment where noobs could get "rekt" big time if they're careless. Besides, why would anyone take Solana seriously when it's flawed by design? The new "meme" coin might've pumped SOL's price right now, but for the latter cryptocurrency to maintain its prices, it's going to need to bring something out of this world. Otherwise, it'll become history. The crypto market is widely unpredictable, so I'd suggest anyone to proceed with caution. As long as you diversify your investment, there should be nothing to worry about. Who knows what would be of the "meme" coin and Solana 10 years from now? Just my opinion |
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When people say that FTX was the worst thing that happened to crypto in the long time, maybe we should back up and get some perspective on that. Things were already messed up. As in comparison, total crypto marketcap was thriving during covid and recovered almost instantly to ATH after tesla dumped their crypto. But LUNA was the thing that broke everything. FTX was nothing compared to that. Do Kwon is still on the run in Serbia of all places, except he denies being on the run. I am guessing he chose Serbia because they don't have an extradition treaty with South Korea, but that seems pointless when he is internationally wanted by Interpol now. So it's a matter of time before he gets caught. But while running, Do Kwon, Su Zhu (founder of 3 arrow capital) are blaming SBF and even US Federal Prosecutors are investigating SBH for his involvement in the UST crash. Now i would like to very much like to blame Kwon for UST as he was warned several times about issues with it but he was just too arrogant and annoying to take the threat seriously. But if SBF had anything to do with this, then not only is he blamed for FTX crash and bear run after that, but he just might be the man behind the WHOLE current crypto downfall. Let's not forget that central banks' actions (like raising interest rates) has added more fuel to the fire. A wounded global economy, has greatly depressed both crypto and stocks' market prices. How could we expect demand for crypto to increase when the economy's been going downhill at a very fast pace? Unless the Russo-Ukraine war and the COVID-19 pandemic ends, crypto won't be going anywhere soon. I'd be a miracle if crypto market prices start to increase in the middle of a worldwide crisis. That would shift people's attention from Fiat right into crypto. And that's something mainstream governments don't want to happen anytime soon. I'm afraid it's going to be a long bear market before we see the light at the end of the tunnel. Who knows where crypto will be going in the future? Just my thoughts |
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We all know that 2022 has not been friendly to the cryptocurrency market, Bitcoin, being the top ranked lost over 60 percent from its all time high value. Many altcoins have also lost more than half the value they had in 2021, the several occurrences in the cryptocurrency industry caused several bloodbath we experienced in most parts of the year 2022. But I am optimistic concerning 2023, I foresee a major breakout for Bitcoin and several other top altcoins, and some new altcoins that are really promising.. And speaking of new altcoins, ive been investing in Renec in preparation for 2023, Renec blockchain is one of the best projects I've found so far, the project was fully launched in October 2022, since then, usage and activities on the Renec blockchain has been increasing day after after, it's one project I wouldn't want any body to miss, so I urge you all to check it, you can start your research by joining their community on discord - https://discord.gg/Vw9ykjAWGhSo, how are you preparing for 2023, what or which altcoin are you buying in preparation for 2023? It's 2023 already, and crypto is still experiencing a bloodbath in market prices. In these tough times, it's recommended to just keep buying and holding prominent coins for long term profits. That is if you have extra money to spare. I've been focusing on accumulating as much BTC and ETH as I can to prepare myself for the next bull market. I know there's a possibility market prices will continue to decline, especially when central banks will keep raising interest rates (mainly The FED). But that won't matter if you look into what's at stake for crypto in the future. Despite the recent turmoil, banks and companies haven't lost their interest in crypto/Blockchain tech. They're still investing heavily into this emerging technology as they know it's the way of the future. Many weak hands are selling due to FUD (Fear, Uncertainty, Doubt), but what's important is that you don't sell no matter what. Who knows if you'll be the one laughing at the end when crypto takes over the world (especially Bitcoin) as the standard unit of account? Just my opinion |
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Guys, what are your thoughts about investing in Polkadot(Dot) right now? Is this time a good entry for buying Polkadot or should I wait for more? I'm not considering holding a long time for a bigger profit. Just looking for a short-term hold.
Any ideas?
Polkadot is a good project backed by solid fundamentals. It was created by one of Ethereum's co-founders (his name is Gavin Wood). With parachains technology, Polkadot will be able to scale to millions of users worldwide. It can rival competing smart contract platforms such as Polygon (MATIC) and even Cardano (ADA). You can start by buying small amounts of DOT to begin staking for profits. If you keep accumulating, you'll obtain big rewards in the long run. I can't recommend Polkadot or any other cryptocurency for short term profits because the market is in a very bad state. Just focus on solid projects that actually provide real use cases to the mainstream world (like Polkadot and Polygon), and you'll have nothing to worry about. Who knows what the future holds for the entire crypto/Blockchain space? Just my thoughts |
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I will support Elon Musk if he creates a stablecoin for Twitter
I will support Elon Musk if he creates a stablecoin for Twitter and also pays users for free, If Elon Musk pays $1 million per user per day, it would make the world rich quickly, Moreover, it will also provide liquidity to Bitcoin and other cryptocurrencies. I didn't support Mark Zuckerberg because he wanted to become the richest person in the world by creating more assets as a stablecoin and because Mark Zuckerberg wasn't even interested in Bitcoin, I refused to give approval to the US and European governments either. If Mark Zuckerberg had created a stablecoin, it would hardly have benefited users.
I don't think a stablecoin backed by Elon Musk is a good idea. It's going to be worse than Facebook's proposed stablecoin. Besides, why would you want a centralized stablecoin that's no different than ordinary Fiat? A coin that's issued by a private company comes with a lot of risks compared to a traditional Fiat currency that's backed by the government. Mr. Musk previously announced his intention to add Dogecoin as a payments tool for Twitter, so we'll see if he will keep his promise in the long run. With what happened with Terra's UST stablecoin, I'd think twice before putting all of my life savings into any kind of stablecoin on the market. That includes Tether (USDT) and USD Coin (USDC). If you really want to play it safe, just sell your crypto for real cash. Problem solved. Who knows if sometime in the future governments decide to ban stablecoins for good? Just my opinion |
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Famous people or mainstream media saying things are basically noise in the long term.
The halvings are kinda in the middle term, they affect the price and how confident people feel about Bitcoin. The more of them, the better for Bitcoin.
We will see in a few years the big change that will be having the rewards as less than 1 Bitcoin, that will be interesting to see.
I can't imagine how expensive Bitcoin will become after the block reward is reduced to less than 1 BTC. Market prices would probably be in the "millions" by then. People usually become excited after each halving event, since they're indicators of a substantial increase in market prices. If history repeats itself, then it's likely BTC will go to the moon by 2024 (when the next block reward halving will occur). Of course, the global economy would need to recover before we can talk about BTC reaching a new ATH in price. Central banks won't keep raising interest rates forever, so I'm pretty confident things will look bright next year. Who knows if BTC manages to beat Fiat for good? Just my thoughts |
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If questions like this are being asked back in the times where doge is still at its peak then yeah it might be valid but nowadays? Hmm, I don't really think so. We know how doge got badly beaten up and it seems there were no signs of it recovering at least half of what it lost. You shouldn't be surprised if doge got a large market cap. That is because this coin has a lot of fans because it was the first meme coin in crypto and then later on top personalities like Elon musk starts to ride the trend.
It's likely that their followers are going to get influenced as well. Doge coin isn't sustainable but even other cryptos as well due to their volatile nature but there's just better coins out there than doge if we are serious about investing.
I don't forsee Dogecoin experiencing another hype cycle until the dust settles for good. There's a lot of negativism surrounding the crypto/Blockchain space after what happened with FTX and the Terra/LUNA project. Elon Musk won't be able to save DOGE this time as investors are quite vary of his tactics. Don't expect to get rich holding the "meme" coin especially when it has inflation "baked" into the protocol. There are a lot of better alternatives that are driven by constant development and innovation. As I've said before, it would be a miracle if Dogecoin holds the $1 valuation for long. You'd consider yourself lucky if you had some coins in your wallet by the time this happens. Who knows what the future holds for the cryptocurrency Just my opinion |
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The FED had been doing a good job in my opinion, they managed to increase interest rates much faster than other central banks. It remains to be seen in 2023 how this going to continue, but I think that the FED will keep reacting faster to changes in inflation. Here in Europe the ECB is reacting much slower and seems to be more concerned about the financing rates of governments. Increasing interest rates means that every time government debt is being rolled over the interest rates will increase a lot. Printing new money to save countries with too much debt is not an option anymore. Overall I do think the central banks can bring down inflation with the tools they have. The question is which is going to be their target level for inflation.
The FED's measures to tackle inflation have severely affected other countries' economies, especially when the world depends on the US Dollar as its reserve currency. It's been the most "hawikish" central bank so far. Considering that "The FED" wants to lower inflation back to 2%, we should expect more pain for the global economy. Whenever the central banks' measures will fail or succeed, it's yet to be seen. The Russo-Ukraine war and the COVID-19 pandemic are still ongoing, so I fail to see how "The FED" and other central banks will be able to control inflation in the short term. Bitcoin was created as a solution against banks, so we'll see how this will play out in the long run. Just my thoughts |
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Cryptocurrency technology hasn't even reached 10% of its potential in the global community, and you're already thinking about something new and breakthrough. It's like buying a new phone and dreaming the next day about an even newer phone before you've even tried it. The only breakthrough, in quotes, is CBDC, which wants to completely centralize digital payments and kill cryptocurrencies with their complete substitution. Is that the kind of breakthrough technology you're waiting for? That's certainly true, mate. Crypto/Blockchain tech is just getting started, so it's going to take quite some time before something new and revolutionary replaces it completely. I still think Quantum Computers will improve the performance and cost-efficiency of existing blockchain networks. But it would be just an improvement to an existing tech. Nothing completely new from scratch that will blow your mind. The world is struggling to recover from the negative effects of the COVID-19 pandemic and the Russo-Ukraine war, so we can't expect any advancements in technology until the tide is over. Who knows what the future holds for crypto/Blockchain tech? Just my opinion |
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