Binance will never tell people how their selection procedures work because they have an incentive to front run their traders. It's one big circus where the real winner is Binance itself and the few who are lucky to be selected.

I have read through dozens of the probably thousands of complaints about Binance and their launchpad, and the complaints consistently point out that people can't enter in an IEO sale no matter how fast they are. It's reeks of shadiness.

To most people that's more than clear, but there are people who keep falling for such scams, especially those who are either greedy or just in need of a financial boost. It's very sad that it happens but it's their problem.

At the end of the day, people learn from their mistakes by losing money. It means that you did something wrong. If people were to profit from greed and stupidity they wouldn't learn anything because it allowed them to make money.

That doesn't mean the government of China likes Bitcoin. They probably have their reasons for tolerating a large mining industry within their country, or they just don't care to further attack that industry.

I personally think that we will see some sort of an anti reaction from the government there, which is why I'm glad that mining in general has shifted to a wide variety of other countries. China is no longer THE country.

Totally agree. People here want to decentralize everything but don't realize that you don't have to do that, and that whatever we currently have that is decentralized, is not attracting a whole lot of demand.

Centralization is actually a good thing in case of YouTube because they can scale the platform endlessly and can easily manage the content uploaded to the platform.... decentralizing YouTube would mean the end of that platform.

Decentralization isn't a wonder pill that makes the world a better place.... only a few fields can benefit from decentralization, and then it's still a question whether people actually need it or not.

It was to be expected. I am actually surprised it didn't happen sooner. I have seen various economists predict negative interest rates to hit major countries last year, but at least, it still happened.

The problem now is that we could very well see it spread out like a virus because not lowering interest rates means that you are losing money unnecessarily, which is something banks are not going to allow to happen.

Not a surprise. I don't think there is any point in expecting Coinmarketcap to change and no longer list exchanges with fake trading volumes, especially with how you can't really know beforehand that exchanges are faking volumes.

If people were actually paying for their service then I would say that they have the right to complain, but in this case it's all free information they provide. It's mostly inaccurate information volume wise, but free.

There are various alternatives providing a better service, but people choose to stick to Coinmarketcap despite their complaints. If you want to know the volumes just visit your exchange(s) or go on tradingview and count the volume per bar.

Agreed. I find it not a problem to allocate some of my retirement savings to crypto, but it shouldn't drag down my whole portfolio if shit hits the fan and prices drop 80-90%, because you will heavily regret it.

One can be a perma bull, but don't let it affect you on an emotional level where you make one irrational decision after another. I feel that a lot of people within crypto are emotionally attached to their investments.

I understand that people want their crypto investments to do well because they want to get rich and potentially stop working for a boss, but for most people it simply will not work out like that.

Most people here have pie in the sky illusions about how their investments will play out. It's risk you can take with a small portion of your capital, but definitely not something you should dump all your money in.

The funny thing is that burning tokens, while it could lead to an initial increase in price, later doesn't mean anything anymore because the project hasn't delivered anything to satisfy those who bought as result of the coin burn.

Most projects doing coin burns have failed in the long run. It's so obvious that you can't save your project by decreasing the supply.... it means that the economical model you chose has failed, and this generally can't be reversed.

It depends though. There are reputable gold refiners with decades of good reputation, where if they issue a gold backed crypto currency, I do think it can work in a fairly safe and trustworthy manner.

I say fairly safe and trustworthy because you can't guarantee full backing, even not when it comes to governments, which means that you have to accept the risk that comes with such a crypto currency.

I personally will alway buy the asset directly, which means physical gold in this case, but some people might prefer the convenience of being able to easily transfer it from one place to another at low cost.

Most people prefer Bitcoin pairs, but the thing I never liked is the risk of volatility that you constantly are subjected to, which means that the paper fiat gains that you made could turn into paper losses even though you have more Satoshis.

Of course, if your sole goal is to collect more Satoshis regardless of the volatility, then using Bitcoin pairs is a smart option. I personally find it more important to not expose myself to unnecessary so I will always prefer to trade crypto versus fiat.

Well said. In a market people look at how the price behaves to determine what the actual state of the asset is, which means that as long as the price is going up, people are likely to consider it a fantastic asset to invest in.

The problem with a lot of those who entered this space in 2017 is that they saw the price increase significantly for months straight, which they apparently believed that it was very normal for crypto.

Initially they made some decent paper gains, but these gains turned into severe paper losses, especially for those who kept holding their coins because the general sentiment within crypto is to keep holding....

It's great that there seems to be some interest in Bitcoin from those beyond the category of millenials, but that doesn't mean much right now because crypto as a whole as mentioned before is sentiment driven.

The only thing it takes to get people (category doesn't really matter) to be interested in Bitcoin, stocks, gold, and so on, is the price to go up and have the media cover the increases for a while.

I want people to be interested in Bitcoin for what it is, and not for the price movements, because all these people currently think that Bitcoin is great when it goes up, but it sucks balls when it goes down because they lose confidence.

Bitcoin and Ethereum. Bitcoin obviously doesn't need to be explained. Ethereum I think will do well because of its planned transition to POS, which I believe will drive up the demand because who doesn't like passive income?

Of course, the more people are staking the lower the reward for staking will be, but that's fine with me because it's nearly risk free income.... the only risk left is volatility that might devalue your coins while staking them.

When Bitcoin and Ethereum go up in value they will obviously lift the prices of most other coins too, so the whole crypto space benefits here. I would recommend people to go with the more safer options as stated above.

It's hard to say because a DEX needs a constant flow of liquidity, which Binance is providing, so from there I would say Binance DEX, but what will happen when they stop providing liquidity to their DEX?

Then it's also debatable whether or not Binance DEX is an actual DEX or just a centralized toy. I personally think it's both, but what I didn't like is how they excluded certain countries from their website, which goes against their exchange.

That doesn't make much sense. In 10 years the price can be much lower than what it is today, and if that turns out to be the case, you wasted a whole decade waiting for the price to go up a lot so you can live a comfortable life.

If you invested in Bitcoin earlier this year and held for 5 months, you did extremely well. This just shows that you have to make a rational decision based on the technicals rather than the fundamentals.

Fundamentally, Bitcoin is much stronger today than it was in 2017 when it peaked at $20k, but the price is ~60% lower today....

I personally wouldn't because it's not easy to shift everything over to a new bank, especially when you have been a client for nearly two decades like I have. Definitely not worth it for me.

Nowadays there are many alternative banks that you can use that aren't anti crypto. It's much easier to apply for a bank account this way until they start acting cocky too and you have to move to another bank.

How can noobies not be a fan boy.... this forum is called bitcointalk for a reason.

I personally would take both too, but not at this stage---only when Bitcoin hits $20k and higher I will slowly convert some of my coins to gold in order to have a more diversified portfolio, which is quite important.

Currently I'm balls deep into Bitcoin but I'm not planning to have it be like this for ever. I should have taken out some back in 2017 during the bull run peak, but it's always easy talking now we know what happened to the price.

Just because altcoins have lost a lot of their value it doesn't mean they are good buying opportunities now, because they haven't been for nearly two years and we don't know if they will ever recover.

Each dip people see makes them think it's a good buying opportunity, but then the price goes down 20%, then it's yet again a good buying opportunity, but the price goes down another 20%.

Altcoins can lose 20% of their value consistently for years until they become near worthless. I would rather wait for altcoins to break some important resistance levels consistently and make higher local highs.

Investing in stablecoins isn't what's happening because people don't consider it to be like that. It's purely a tool people use for arbitrage trading or to hedge a looming drop in the price, such as what we experience today.

People don't care about Tether being backed by dollars or not, all they care about is the utility Tether provides, which admittedly is of great use to people in more ways than one. It's the only crypto coin that is actually being used as intended.

99% is debatable, but you are right in the sense that people are holding Bitcoin because of the block halving, which is what my stance on the block halving hype has been for a while now.

People have bought in already, every potential leg up will be sold into, or we will not face a leg up but continue to trend down in the coming months with a massive capitulation candle to shake out weak hands.

When the majority of the people get hyped up about something, that does make me quite confident that we will see the price do the opposite of what people believe will happen, and that's to go down.