Isa pa ang volatility ng Bitcoin, kapag ginamit ito as collateral malulugi lang ang mga bangko and that's why Bitcoin will never be used as a collateral
May point ka, pero sa tingin ko hindi imposible na tangapin ng mga banko ang Bitcoin bilang collateral dahil pwede pa naman sila umasa sa mga third-party payment processors na nag ooffer ng automatic conversions. pero diba may issue tayo sa bank na kapag yung accounts natin is involved in cryptocurrency ma co-close yung accounts natin ? Eto yung mostly na i-incounter ng mga friends ko noon like 2 years ago , siguro nadin dahil malaki ang pumapasok sa kanilang pera. Saka meron ding nag sabi na kapag gumawa ka ng bank account at ang rason ay para sa crypto hindi ma aapprove yung application. Pero tama mga rin napaka volatile ng Bitcoin para maging collateral. Sa bangko wala pa den akong alam sa crypto exchanges lang talaga ang malakas ang loob na tumanggap ng btc as collateral lalo na ang Binance pati altcoins tinatanggap nila pero risky masyado tumanggap ng altcoin lalo na kung kagaya sa FTT ang scheme so far btc talaga ang pinaka solid na collateral kahit na volatile ang price. |
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Well, as for me, I am wishing that BTC can go back to the time when it was just $1 so I can buy a thousand and then sell them at $20K at the very least...that could made me so rich since I am just residing in a poor country (though a very beautiful one). But at the back of my mind...when that can come true maybe BTC is already worthless just like what we are seeing with FTT right now due to the debacles orchestrated by SBF. Anyway, no one can really predict where Bitcoin is going...so maybe this can be the best time to buy some hoping that dipping will not further dip.
Not gonna happen man, and if this happens probably this is the end of crypto market it will take time to recover if price crash at $1 thats too low at this point where huge companies and countries are eying for bitcoin as a legal currency, for now the lowest possible price I can predict is $10k just like last March 2020 crash where bitcoin price fall at $3k. |
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Lesson I learned from Luna and FTT? Dont ever trust a token that has no real usecase, this two projects that collapsed earlier has no solid usecase and they just earned money buy minting nonsense token/coin and making it as a collateral, yeah thats how easy for them to earn billions of dollars but unfortunately its also too easy for them to get bankrupt in just 24 hours.
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The worldwide economy, all stocks & assets have been in a bubble, even real estate. We are set to enter a deep recession & due to macro, bitcoin will struggle short term too.
The halving is in 2024, we will see another big bull run from then to end of 2025.
Just be patient.
Agree, I still believe there will be another crash that will happen in crypto market and hitting the final bottom of btc at around 11k, once happened this will be the start of the new season if this does not happen this year then the bottom is already in and we need to accumulate as many as we can for more exiting bull market coming. |
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Well this is not impossible to happen in the future even if Binance exchange has a very huge reserve still putting all of your assets in CEX is totally risky it will for sure affect the whole market if Binance stops withdrawals, the good thing about Binance is they are learning from the mistakes of other exchanges so that in the future they already know what is the best remedy if problem occurs.
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If you are still holding FTT then its game over this will going to 0 in a few days as news broke up just some few hours about FTX was hacked, looks like another inside job they are all running away so stay away from FTT, you are lucky if you withdrawn all your assets before this incident but now withdrawals are halted.
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Based on recent trend in Bitcoin, this is the worst year in crypto history and the year is not over yet. I was talking to a friend this morning concerning the current crypto trend and guess what? This dude is loosing hope already.
And I don't even know how to encourage myself to invest more in Bitcoin, is it right for me to go ahead and buy the dip ?
If you invest in crypto you must prepare for the worst scenario thats why many members here advice to just invest what you can afford to lose since crypto is too risky, yes many people can easily earn in crypto compare to traditional investments like in banks but the problem is we are not ready if somethings happens like price crash, In my experience in crypto where I also liquidated many times you just need to be prepared on whatever happens to your investment either you will become rich in just over night or become homeless. |
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Its a very tough time for Solana to be honest. I still think Solana has a really good tech and ecosystem but at the same time the current events show that it will be very very hard for Solana to recover from the sudden dump.
Only time will tell if the support for Solana is still present or all of them have sold their bags.
I was a strong supporter of sol once but due to outages I cut short my bag of SOL.
I still hold some of it though which is why I am concerned about the dump.
Difficult times are an understatement. Tomorrow the 60 million of Sol should hit the market and I think the rate will fly down like a stone off a cliff. https://solanacompass.com/validators/changeThe project has almost no support, solana network periodically fails, the funders have kept most of the distribution (oh, this greed). In general, all the conditions for the collapse of the project, we will wait. 5 hours remaining before unstake,? wow that was huge amount of Sol going to flood in the market for sure whale stakers who got liquidated in the last 24 hours will dump SOL and buy bitcoin lets see what will happen after 5 hours, can we see another huge price crash in the market? |
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Sobrang swerte ng mga nagtyaga sa testnet nito. May mga tropa ako at friend sa facebook na almost million ang kinita dahil lang sa simpleng testing sa testnet ng blockchain na ito. Aware ako dito pero diko pinansin dahil akala ko parang mediocre blockchain lang ito. Sino mageexpect na yung ganitong kabagal na blockchain ay papayok sa mga investors at popondohin yung project nila. Sa tingin ko tataas pa yan sa mga susunod na araw dahil same vibes sila ni apecoin nung nalaunch at nalist sa exchange.
Hindi naman umabot ng milyon lods kasi 150 - 300 per wallet or else may multi-accounts ung mga naka milyon kasi sakin nakakuha den ako nasa 75k php ko napapalit ung 150 APT ko from testnet so dapat maraming wallets kilangan mo diyan para maka milyones, maraming fuds den itong APT sa dami ng investor allocation at wala halos sila public sale kaya ung supply e kontrolado ng mga investors nila, so far ok naman tps ng APT mabilis parang XLM sa bilis na try ko na kahit sa dapps ok naman. |
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Now it is very difficult to make forecasts. To be honest, the times are quite difficult, and the situation on the market changes quite often and often quite abruptly.
The market movement changes everytime that it is very complex and difficult to forecast the market. The market is always confusing difficult for an ordinary trader that do not have good experience about the market to be able to predict the market since we keep moving for bear to bull without knowing the next move of the crypto market. We just needed to be optimistic of the market condition right now so that we can benefit from the market when the bull season comes. Those who buy now and hold will benefit huge when we finally get to the bull season. You are right crypto market is getting riskier everyday but if you want to profit the most effective strategy is to always buy the dip always (DCA) as long as you have funds ready to buy once market down then you are good, avoid panic in times of price crash like whats happening right now, patience is always the key. |
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Is this a joke? Who will give you insurance in trading? Futures are too risky just like a gambling you will never know what will happen in the next few hours so whatever happens to your positions you have no one to blame but yourself incase you have liquidated, no one will refund you in trading.
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So another top exchange are already owned by Binance? I think this is not good for crypto industry as manipulation on crypto market will be easily controlled by Binance since they have the largest liquidity among other exchanges. Market crashed hard today all my positions triggered my stop loss, I hope this will end soon, big chance to those who are waiting for a good entry this bear market, eventhought Binance already the winner I think crypto holders the the one whos suffering more from this crash, I hope you are all good.
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Most new NFTs today are just for profit yeah they are too many minting nonsense NFt everyday, shilling on social media targeting newbies in crypto ending in big loss, I saw some wallets buying NFTs in marketplace and selling below the buying price after 2-3 months of holding, this means they are totally in loss after speculating in this nonsense arts with no usecase.
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It's like an email subscription, that you and the people who provide the email address will be the first to know about the latest news from the project they are developing before they publish it, but actually it will be a spam message that will fill your email, don't use it main email
It depends on a project you joined, legit and trusted ones are not spamming but sending you updates via email since you are an early user and you want updates from its developments, they usually inform users to test its platform like testnets first in exchange for some airdrops. |
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Nice naman naunahan pa nila ang Gcash sana naman yung mga leading payment apps natin e hindi lang buy and sell ang gawin nila pati sana deposit and withdraw crypto support na nila like Coins.ph sa Paymaya kasi walang ganyan baka itong sa UB e same lang den ng sa Paymaya.
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I am wondering what everyone thinks this the price of Bitcoin can realistically get to? $100k? $250k? $500k? $1m?
All of the above price speculations can happen in the long term of course $100k can easily reached in the next bull market if we based on history of bitcoin price, btc is getting scarce everyday as btc adoption is growing really fast, I cannot advise selling bitcoin and buying altcoins, you are correct take a dca every dip and hold it, buy altcoins if you have some funds to allocate for them but not selling your btc. |
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I agree on you on bitcoin its proven and no doubt, but there are new altcoins almost everyday on the market some are backed by huge VCs they are new on the market but the market cap is overwhelming since they are backed by big investors. Most old alts like this one reached new ATH last bulllrun surpassing old ATH from 2017 bull market so Im expecting again on the next run, not a financial advise of course but I think the next bull run will be much bigger compared to last, well lets see which alts will dominate again.
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Since most of the coins price drop because of bear season you can easily choose a good coin hold for 2-3 years and forget about it until price goes in upward trend again just never sell at this season to avoid losing your investment, this is the best time to accumulate.
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May be doge is not a joke token its a social media token ithink? When elon musk tweet about doge and it will moon so money people instant bilionare. Ihope shib is like a shib soon will reach 0.1 usdt soon
For sure Elon bought a lot of Dogecoins before introducing it to his social media followers last bull run until now Doge has a good price not even drop to its lowest in 2020 so means is has really serious support from whales and its supporters. |
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