There are many factors that made or allowed Bukele to bet on Bitcoin. Not every country could easily do that, or let's say not as easily as El Salvador, but I think every politician who does that also takes a gamble. I am not sure how safe Bukele was that he would get elected again or would be safe in his position even if Bitcoin goes wrong for him temporarily, but I can imagine that he was not considering the temporary downtrend of Bitcoin. He might have thought that this will take him straight into the winning zone and he could please the population with Bitcoin presents or something.
El Salvador also had a miserable credit rating and I think Bukele may have seen this investment as a chance to solve problems quickly, which he couldn't have done the standard economic way.
Nayib Bukele took the bet of making BTC legal tender to help save its country from ever-increasing debt. He hasn't sold a single BTC since he started investing in it. Once BTC goes to "Mars", it's likely El Salvador's economy will recover. Many in the mainstream media are spreading lies that El Salvador is at a loss with BTC, but you can't lose if you don't sell. This experiment will spread to other Latin-American countries as they struggle to keep their economies afloat. Recently, a pro-Bitcoin politician was elected as President of Argentina (Javier Milei). We're slowly shifting towards "hyperbitcoinization". Who knows if BTC finally replaces Fiat currencies in the future? Just my opinion  |
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Just a few days ago I researched one such opinion.
Then I saw that the Bitcoin market cap is much smaller compared to the big market cap in the world. Where gold and other markets are in the trillions of dollars, there are only billions of Bitcoins.
I was also surprised to know that,
If 5% of the 800 billion people in the world are rich people, and if those rich people invest 10% of their wealth in Bitcoin, it will be several times more than the current price of Bitcoin.
It is assumed that by looking up the current Bitcoin address
Out of the 800 billion people in the world, only 200 million people have bought Bitcoin and the rest are still left.
So understand that Bitcoin is not late yet, there are still many opportunities in Bitcoin.
Nice observation. A small market cap means Bitcoin still hasn't reached the masses. Once it goes fully mainstream, BTC will never be "cheap" again. Spot ETFs on the US haven't been adopted yet. I'd say we're early adoptets of the revolution. There's plenty of time to accumulate Bitcoin before the whole world adopts it as an alternative to Fiat. When you see some governments adopting BTC as legal tender, that's when you know that "hyoerbitcoinization" is coming soon. Even pro-crypto politicians are surging these days (Robert Kennedy Jr, Javier Milei). Banks and the elite don't want you to buy Bitcoin because that means less/power control for them. They will keep spreading FUD to lure away as much people from Bitcoin as possible. Hopefully, decentralization will triumph, making Fiat currencies a thing of the past. Who knows if BTC becomes the global currency many were talking about?  |
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the thing with digital real estate, is the fact that every game devs can make their own digital lands which is based on game lands, then abandon it.
you will be surprised how many actually the so called metaverse game that also have land ownership in game actually just getting out of business.
that'd be a concern if you have some lands which initally was valued few thousand dollars turning out to be absolutely nothing or in other words become useless.
then after that you will figure out that this technology, just being used for speculation, giving too much disadvantage while the benefit isn't really obvious.
If the game was open source or lived within the Blockchain itself, then we would have nothing to worry about. But knowing that virtual land is non-persistent, there's the risk of losing it all in the future. Developers need to fix this if they want "Digital Real Estate" to become a part of our daily life. Both Decentraland and The Sandbox are promising, but I'm not sure if they will be able to last for long. The industry is still risky to say the least. Just like NFTs where they could lose value overnight. The future is widely unpredictable, so expect the unexpected. Just my thoughts  |
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If you're going to listen to those self proclaimed experts, you're never ever going to have a bitcoin investment because of their mindset.
It's never too late to invest in Bitcoin, as long as it is still pumping and dumping, buying at the dip is the key for you to start your investment journey. Research on your own, don't listen to a YouTuber's opinion, decide for your own based on the results of your own research regarding about Bitcoin and other cryptocurrency.
Bitcoin hasn't even reached the masses yet (yes, there are some countries with limited or no Internet access), so I'd say we have plenty of time to join the craze. Once BTC gets adopted by every single country in the world, market prices will be a lot higher than what they are right now. Probably within the millions of dollars (USD). Besides, Bitcoin hasn't been able to solve the "Blockchain Trilemma' yet. There are scaling issues that not even the Lightning Network has been able to handle them appropriately (it's buggy after all). There's also the issue of privacy where every transaction is visible on the Blockchain. Adding ZKPs would do the trick. With just 14 years since BTC's inception, a lot has been achieved. Would you imagine how BTC will evolve within the next 10 years? Just keep buying, and holding, and I'll see you in "Mars" soon. |
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I'd say it again because there is another thread about asking Will FTT token everly hit it ATH again?That people should just stop thinking of something better will come on this token. If you have been holding it, don't hope for the best and if you're thinking to invest on it then don't try to catch those knives that will fall on your hands. If your brother OP is still in there holding this token, yeah as you have said it's likely going to have a slow death. People just want to make a quick buck by riding the hype. It's a risk that will cost them dearly in the long run if there's no comeback of the now-defunct crypto exchange. For what I know, there are only rumors of a comeback. Nothing has been officially confirmed yet. I'd stay away from the FTT token just to be safe. Who knows if it goes to $0 soon? There are far better alternatives on the market with a promising future. Just diversify into prominent cryptocurrencies (BTC, ETH, BNB), and you'll have nothing to worry about. Only time will tell us whenever FTX will gain the trust of crypto traders and investors again, or all the other way around. As long as we have plenty of options to choose from, nothing else matters.  |
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i don't see any difference, even doge has been abandoned by its founder elon is the only one carrying it and he successfully carrying it because he himself is a billionaire.
but in this regard i could hardly find any difference towards doge coin that distinguish it with the other meme coin out there.
it might seem to always independently moving up and down mainly because it was getting shilled by elon nothing more, but considering that elon is so committed towards this coin I guess doge will be long lasting meme coin.
even more so if elon is gonna be integrating doge coin to his platform which we all know that it might have a slim chance considering elon trying to make super app here that also includes financial technology and banking, i'm sure he will definitely not gonna integrate dogecoin.
I know Elon Musk is a fan of Dogecoin, but has he ever contributed towards the growth of the project itself? I'd say no. All he is doing is "shilling" the coin with the hopes of turning a profit in the long run. If he was serious about Dogecoin, he would've at least invested directly towards development and innovation. Or at least keep up with his promise of integrating DOGE into the "X" platform. It's all words but no action. Investors are already getting tired of this guy, so it's likely DOGE's market prices will stagnate for quite some time. We need something new and fresh that would help "pump" the price of the "meme" coin. Maybe Dogecoin developers will finally make the cryptocurrency a deflationary asset? |
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I think that these exchanges are going to risk losing a part of their clients if that's what it takes to be able to transact in the country.
What choice do they really have? Give up users or shut down. They can also fight the government in court but that could take time and be expensive. Only the biggest exchanges will try this.
Do you think the governments don't know it that people will run away from centralized exchanges if they start sharing information about every transaction with the IRS and other 3 letter agencies?
It's great news for them because less legit exchanges means less legitimacy for the crypto ecosystem and slower adoption. In other words less competition for CBDC.
Governments will do what's in their best interests. Mixers and truly-decentralized cryptocurrencies pose a threat to banks' very existence. You think governments will let this pass by? They will do everything in their power to try to reduce crypto's dominance in the mainstream economy. That's by either regulating it or making it "illegal". I see no future for Bitcoin mixers, unless they stick to being "non-custodial" (which means decentralized). Tornado.Cash was a non-custodial mixer, but that didn't stop the US government from sanctioning it (although it was still possible to use it by interfacing with smart contracts directly). This will be a never-ending battle between crypto and governments + banks. With centralized exchanges getting ahold of the crypto market, we could say governments have some sort of control over crypto. They will have trouble regulating DEXs, though. Who knows what the future of crypto will be? |
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Governments do more research on crypto usage and especially in countries where crypto is listed as illegal. But people of almost all countries are now indulging in crypto with secrecy which is completely impossible to hack. As far as I know in some countries using crypto is considered a very serious crime and has complicated laws in this regard. The governments of those countries are thinking that crypto is the exchange of one country's currency to another which is secret and unknown to the government.
It's no secret that crypto is being used by some governments to avoid sanctions. I believe that's the main reason why the US government is aggressive against crypto/Blockchain tech. There's no other explanation for this (aside from putting crypto under control). What matters is that crypto stays decentralized so it could render governments' efforts useless. They will control centralized exchanges, but they will never control crypto itself. DEXs, non-custodial mixers, and other decentralized services will make it difficult (if not impossible) for governments to enforce regulations. The revolution simply can't be stopped. Some governments already recognized this, as they've embraced the revolution with open arms. "If you can't beat it, join it". Hopefully, crypto will be able to last for generations. |
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$1 sat means $100 million bitcoin.
Sure this will probably happen in the distant future, when $1 is barely worth anything. When future $1 is worth like 5 cents in today's money the Bitcoin price may be $100 million with $1 sats.
Also don't forget you can already put in tx fees of less than 1 sat per byte, which was a crucial update for keeping tx fees lower as the price of Bitcoin increases to very high numbers in the future. Because of that the price of Bitcoin won't really affect tx fees, and because $1 per sat isn't happening without a ton of inflation, even when it does happen that doesn't mean fees will automatically cost a lot.
Hyperinflation is not far from becoming a reality. Constant money printing, wars/geopolitical uncertainty, and the inability to put COVID-19 under control (even though the WHO declared the end of the pandemic) will lead us there faster than you can imagine. People will eventually lose trust in the Fiat money system, paving the way for Bitcoin to take over the world by storm. A mass adoption of BTC during a global economic crisis will eventually "pump" market prices to the moon. Should the USD become extremely-weak, 1 sat will be equal to $1 (which means BTC will reach a price of $100m). It's only a matter of time before this happens. I'd keep buying and holding BTC just in case. Who knows if you'll strike it rich someday? |
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The reason why people are interested in buying altcoins Is the same reason why you are fascinated by them, high profit on a short term. There are many altcoins to choose from but very few has reputation that is close to bitcoin. You should be careful about the altcoin that you choose to invest in because most of them floats pump, gather momentum and fades, eventually dies with investors funds. The profit is high, so is the risks.
My advice is if you want to invest in altcoins, go for a reputable one that has stood the test of time like bitcoin, example is Ethereum. I won't take the chances at quick profit to risk my money on just any altcoin that looks promising, because from people's experiences, it's not a very good investment discussion.
Altcoins are usually more profitable than Bitcoin because of their wild fluctuations in market price. New cryptocurrency projects usually implement experimental features not found on Bitcoin itself. Developers can put such features to the test without harming/affecting BTC in any way. Considering that BTC is open source, don't expect altcoins to disappear anytime soon. Even the first altcoin ever created (Namecoin) is still around with us. NMC may not be as popular as other coins, but its core Blockchain network is still alive and running. The good thing about altcoins is that they reduce the burden on the main Bitcoin blockchain. More coins = less network load for BTC. Would you imagine Bitcoin being the only cryptocurrency in the world? It wouldn't be able to meet the demands of everyday people (due to being unable to scale to billions of people worldwide). Lets hope things stay the way they are right now for the sake of Bitcoin and Blockchain tech as a whole. Just my opinion |
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Its not a big target for Dogecoin sir. The previous dogecoin ALL TIME HIGH is 0.65$. In the bull run of 2023-2025, dogecoin will break its previous record and definitely make a new record of above 1$. Elon musk is behind the Dogecoin price accumulation. And we all knows Elon Musk is a very rich person. So, always hold some dogecoin in your long term portfolio. It is a good investment project.
The sky is the limit to how far Dogecoin will go. If demand keeps rising, it's possible Dogecoin will reach $1. The "meme" coins hype is easing off right now, so you'd need to wait a little longer for your dreams to come true. With or without Elon Musk, don't expect Dogecoin to go anywhere soon. Prices might decline without him, but the Blockchain will remain alive and healthy as ever. That's if Dogecoin is able to maintain decentralization and censorship-resistance. The day DOGE becomes centralized, will be the day where the coin will die for good. Remember, it's not about the price but rather utility. What use will a centralized chain have for cross-border payments? No one can predict the future, so lets hope for the best. |
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Miners don't set consensus: https://en.bitcoin.it/wiki/Bitcoin_is_not_ruled_by_minersFurther, mining pools are not a single entity. F2Pool, for example, does not own or operate all its hash power, or even a majority of its hash power. Miners are individuals, businesses, and other entities around the world, which collaboratively point their hash power at a pool in order to simplify the mining process and smooth out their earnings. If a pool is bought over by the government and starts censoring transactions, then the miners who are mining with that pool are free to switch to another pool, and indeed are incentivized to do so since by staying with their censoring pool they will be earning less since they will be deliberately excluding some high fee paying transactions. Thanks for pointing that out. I've thought it was the miners who were in complete control of the Bitcoin blockchain. I'm glad nodes also have a say on the future direction of the project. With a balance of power between nodes and miners, Bitcoin can remain decentralized forever. I guess it's safe to say the cryptocurrency is truly-unstoppable. Governments know this, so they've resorted to regulating centralized exchanges with the hopes of putting everything "under control". Illegal activities can be reduced thanks to strict regulations. As long as decentralization wins, there should be nothing to worry about. Who knows if BTC outlasts many of the coins we know and love today? |
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The ease of sending 'digital cash' abroad without a bank is revolutionary. Isnt it like having a worldwide money at hand? That happens when inflation wobbles the USD? Suddenly, these stablecoins become unstable .
Imagine stablecoins pegged to a basket of currencies or commodities, reducing reliance on any single currency's stability. AI-driven stablecoins could modify pegs based on real-time economic variables. Think this may make the digital economy more resilient?
Your idea about stablecoins becoming CBDCs is intriguing. Is this the future of money? We're on the verge of a financial revolution as decentralised digital currencies change how we think about and use money. Huge potential, but also huge obstacles. Its a balancing act between innovation, regulation, and the ever-elusive trust of the public
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I believe governments will side with private companies to adopt stablecoins as their own. Why re-invent the wheel by launching a new digital currency from scratch? Using an already-established digital currency pegged to the value of Fiat, is the best solution. If governments take this approach, they will force private companies (Tether, Circle, Paxos, etc) to work for them. They will take over the world by storm whenever you like it or not. Truly-decentralized cryptocurrencies (particularly Bitcoin) will survive, but they won't be used as massively as their centralized counterparts. The global economy will "reset", but with government-backed digital currencies as its "backbone". Who knows how far we are before this becomes a reality? |
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I don't trust any crypto, but I gotta give it to Tether, it has been always been surrounded by accusations but their stable coin never depegged (It has momentarily due to fuds).
If the accusations are true, then Tether (USDT) is bound to lose its peg sooner or later. It's like a "ticking time bomb". Once it detonates, crypto market prices will plunge like never before. A recovery is certain, but it will take a lot longer than expected. It will be a great buying opportunity for whales, but a huge loss for investors. You can never trust something that isn't backed by the government. Private companies are known to fail over time. But governments always manage to manipulate their currencies for their own convenience. I believe stablecoins will end up being replaced by CBDCs, as governments force their use. It will be a short ride for Tether, USD Coin, and the likes. Ultimately, what matters is decentralization. As long as we have truly-decentralized cryptocurrencies by our side, nothing else matters. |
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The government can only create laws to halt people especially traders and investors from investing in the crypto market but that would never stop the flow. We still have the option to go for what we want and how we want it. The government might be pushing for penalty for people that would break a particular law that is restricting people from making any form of investment with severe sanctions but that would never stop us. Cryptocurrency is an investment of choice and it is mostly decentralized without the permission of any government officials to determine when we are buying or selling cryptocurrency.
You'd only need permission from the government to buy/sell crypto through a centralized exchange. But rules don't apply to decentralized exchanges and/or services. After all, governments can't enforce regulations on them. If they find themselves "deadlocked", they will make crypto "illegal" for mainstream use. Some people will secretly use crypto to enjoy true financial freedom. But the rest will be afraid of getting into something that's outlawed by the government. That's the way it works. All that matters is that crypto stays decentralized so that it could stand the test of time. With decentralization, governments will be unable to stop the revolution. Hopefully, crypto will live alongside CBDCs for generations. Just my opinion |
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valued at 197k satoshis, litecoin is breaking its all time-low versus bitcoin... imo this thing is dead and ready to find new, never seen lows.
Who said crypto was all about the price? It has always been about utility since day one. It's just that "Wall Street" entered the scene, and shifted away people's perception about crypto. Now almost everybody wants to get into crypto to make a quick buck. Not because they believe in the technology. Litecoin's blockchain is still alive and running, despite market prices taking a plunge. As long as it remains useful (especially with the low fees and fast confirmation times), nothing else matters. The reason why LTC isn't "pumping" it's because investors are more inclined to coins with shiny-new features. Especially those with smart contract capabilities. I've said this many times already. You can see why ETH, BNB, and even Solana are "pumping" like crazy. The only exception (as being a single-purpose blockchain) is Bitcoin because it's the one cryptocurrency that started this craze. Just keep buying and "hodling" LTC over time. Maybe you'll get lucky someday? |
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there were predictions that ETH would go $25k once approved. the adoption is really arriving in 2024. it only needs ETH ETF to kickstart this altcoin season to full steam. even now, SOL is outranking competitors and reached almost $60 at this very early phase.
ETH ETF will be approved after all it's the Blackrock that is applying for it. it's not just someone. Blackrock is wallstreet and if SEC Gensler was already grilled this time while the approval will still wait for several months, what more could Gensler get if he denied Blackrock? he is owned.
$25k? That's an insanely-high price for ETH. It's like saying BTC will hit $1m after ETFs are approved. While ETFs are a great way to help increase mainstream adoption, there's a long road ahead before both BTC and ETH become extremely-valuable crypto assets. Right now, there are rumors of a spot ETF approval by the SEC. There's nothing officially confirmed yet. Prices only went up for a short period of time because of these rumors. If the application process gets delayed by the SEC again, then we're back to "ground zero". I believe the US regulatory agency will approve a Bitcoin spot ETF first, paving the way for ETH and other cryptocurrencies. SOL's been doing well lately, but there are no intentions of launching a Solana spot ETF by Blackrock or any of the other prominent investment companies. The future is widely unpredictable, so we can only hope for the best. |
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Bitcoin has many advantages over any other assets. Any asset is at risk of government seizure, but Bitcoin is not. When, not if, Bitcoin will exceed gold in market cap. Bitcoin is relatively young, but acceptance will undoubtedly rise. Broader adoption, legal frameworks, and spot ETFs will accelerate this rise. Bitcoin will gain legitimacy and stability to become a popular investment asset with these developments.
Calling Bitcoin a "safe haven asset" is premature. Its price volatility remains a challenge. To obtain this designation, Bitcoin needs market price stability, which will likely occur with more acceptance and regulatory certainty. Bitcoin has huge wealth creation potential, but it's important to be balanced. Its important to recognize cryptocurrency's dangers despite its potential. Seeing Bitcoin become a dominating asset class will be amazing.
Indeed. It is still early to call Bitcoin a "safe haven asset". There are a lot of people in this world without Internet access. Not to mention, the crypto market is a lot smaller than other markets (which explains the volatility). At just 14 years since inception, Bitcoin has achieved a lot. Imagined how far it will go 10-20 years from now. We may be considered early adopters of the revolution once BTC goes fully into the mainstream. It's expected market prices will stabilize once governments establish a proper regulatory framework for crypto assets. A stable Bitcoin would become a greater alternative to Gold. No one can predict the future, so lets hope for the best. |
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Open source wallets are better in terms of security and there are few open source wallets that support most of the devices and OS. They are good for regular uses like if someone has to use his wallet more frequently to use any dapps then these wallets are the best choices but hardware wallets can provide the best security for your funds. If you are a long term holder then one of the hardware wallets can be your best friend to keep your funds secure.
If you don't want to "break the bank", open source software wallets would be your best bet to secure small to medium amounts of crypto. Just make sure to never disclose your private keys and/or seeds, and you'll be good to go. A good thing about open source wallets is that vulnerabilities are easy to discover and patch accordingly. It makes them stronger and resilient over time. If only the aforementioned open source wallets had hardware wallet support, we would be able to achieve true peace of mind. Your crypto funds would be virtually impenetrable. Of course, there's nothing in this world that's 100% secure. You'd need to follow the necessary security precautions to avoid becoming a victim of scams and/or theft. It seems to me that Unstoppable Wallet is the best open source crypto wallet in the industry. Lets hope it stays that way forever. |
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