I came across a news on Quora and I went into a very deep reason on the reality of life and judge from the article on the post, I couldn't agree less with the author/writer because at the long run, it seems money is just circulating and the moment money seizes circulation, even the price of bitcoin is affected, hence the price of bitcoin would increase if demand increases and demand can only increase when there is more money to spend. So I had to bring this to the forum to know if you guys also think, cryptocurrency is some ways a financial pyramid. Let's discuss please Diamonds are expensive because people said so, backed the value, and urged people that it is valuable. So is gold, but the difference is it has a pretty solid use case beyond just looking nice. Dollars are the same, they were once backed by gold but after that they basically just said "Trust us, we're this valuable please" and the people bought that notion. All I'm saying is, if bitcoin, something that follows the flow of events as these commodities and valuable assets, are considered by some to be pyramid, ponzi, whatever the fuck they call it nowadays, then might as well call everything that humanity thought to be valuable up to this point as a scam you know? Cause what's stopping everyone really from crashing the price of those aforementioned assets but the holdings of the ones at the top? Soon as those mfs sold their holdings everyone's gonna be scrambling to sell theirs too to save value. Isn't that the same thing as a ponzi? |
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Firstly, I personally have never invested in NFTs. Because I consider it an unpromising business to buy, as I call them, ordinary pictures. I have a few and they got me as a reward for various types of work. All this, in my opinion, will soon go into oblivion and something new will appear, because technology does not stand still and develops, tomorrow there will be something else
You're sound and everyone's entitled to their own opinions but the very notion that "NFTs are an unpromising business to me because they're just ordinary pictures" is a little absurd, the picture is half of what you pay for, the rest is the ownership and if you're with a project that's feature packed, cause most of DAOs and Crypto-call groups nowadays sell their membership or add their membership as a feature in an NFT they sell. So again, if you dig deep, you'll find out that a lot of NFTs today have moved past that phase of money laundering and scamming people, it's more about providing real use-cases that people could enjoy. On the other hand however, I still don't see NFTs prevailing in the end. They are a fad that's bound to fade from the get-go. Congratulations to the people who were able to rake profits from them but that's the end of it, no more no less. |
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A little theoretical, but still something within the laws of nature and a feasible one at that too, at least within the span of our lifetimes.
I suppose it is a good thing to add not sooner than quantum computing, since if the tech comes around now, and we immediately implement it on Bitcoin Cold wallets, we're basically giving the hackers a headstart at cracking its inner workings you know? So timing plays a crucial part in this race too. Another would be the fact that we don't really need it as of the moment, cause Cold Wallets as they stand today are just as hard to crack and even harder to track. Adding another layer of security over it is a little overkill.
Ultimately, the fact that it needs direct connection between the transmitter of the QKD and the receiver poses a large question mark on the concept of decentralization. Hell it could even pose a threat cause it basically just feels like you're making a centralized exchange with extra steps, and I don't need to tell you how prone these CEXs from hackers and robbery.
Yes, cold wallets are difficult devices to hack but in a possible scenario where quantum computers are usable then no encrypted key would be safe because they would be able to corrupt it in a very short time and from the latest news that I have learned we have about 20 years for those who deals with developing the "defense" to super quanta is able to find a solution to encryption. Because in that case not only the Bitcoin world would be in danger but also everything we know today including banking systems and obviously military systems, aviation, etc. My very problem there my guy. Adding QKD to a security system is like adding gallium to aluminum you know. It corrodes the whole ensemble leaving it so vulnerable to getting fucked by hackers and all types of bad actors over the internet. If you leave it as it without adding QKD, long as you keep it out of the internet you're pretty much safe, as if to say that it's the internet that's the problem and not the lack of security thereof you know! Also true what you said there. With quantum computing reaching public access it really begs the ethical conundrum of "what in the hell are we allowed to release to the public?" cause there's only time before the rest of the internet figures out how to crack open these things and use it for all sorts of illegal activities. |
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A little theoretical, but still something within the laws of nature and a feasible one at that too, at least within the span of our lifetimes.
I suppose it is a good thing to add not sooner than quantum computing, since if the tech comes around now, and we immediately implement it on Bitcoin Cold wallets, we're basically giving the hackers a headstart at cracking its inner workings you know? So timing plays a crucial part in this race too. Another would be the fact that we don't really need it as of the moment, cause Cold Wallets as they stand today are just as hard to crack and even harder to track. Adding another layer of security over it is a little overkill.
Ultimately, the fact that it needs direct connection between the transmitter of the QKD and the receiver poses a large question mark on the concept of decentralization. Hell it could even pose a threat cause it basically just feels like you're making a centralized exchange with extra steps, and I don't need to tell you how prone these CEXs from hackers and robbery.
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Why many mixers all of a sudden?
Well, you could say the fall or Chipmixer case has brought about these projects coming to look out for customers they could grab from the on going propaganda but, its also possible that,
These guys weren't doing his publicity on there project and just feels its time to get things running which still boils down to grabbing more customers.
Still, you could say the projects sprang out of the need for a more valued service and privacy oriented nature of the cryptocurrency industry.
I tell you this, without privacy, the cryptocurrency industry would be a meaning short. Hence, I would probect [banned mixer] to mix your legitimate coins Tor you and ensure privacy without compromise.
Funny that I saw a couple of people already mentioning that it's because Chipmixer was gone, when even during Nov 2022 a lot of mixers have been popping up out of nowhere. I guess it's just because there's money to be made in this type of cryptocurrency business, and since there's not much work really, especially if you're White label mixers like what DaveF mentioned since there's not much work to do it, which means more cashflow for these people. It's still probable that it's because of Chipmixer that these mixers suddenly gained confidence, but that only counts for those that have been here after Feb, for the rest of the bunch, I don't think that's the reasons for their existence. |
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A friend suggested Bitcoin to me about 1 year ago. I have been trying to learn the history of Bitcoin ever since. How to earn from Bitcoin, I learned that investing will make profit or loss. Success can never be achieved without risk. Then I became interested in investing in Bitcoin. My family is a very poor family. I am studying now and earning BDT 7000 per month from tuition, BDT 3000 I spend on running my household. BDT 3000 is my monthly expenses and I save BDT 1000, I save around BDT 10000 in a year and invest in Bitcoin. I will hold the investment for a long time. According to many researchers, we will soon see a bull market. Bitcoin will be over $100K in 2025
But the main thing is that bitcoin is still illegal in our country, I invested bitcoin very carefully.
Lately I think it is better to invest in bitcoins than depositing money in the bank. Day by day people have lost trust in banks. It is heard that many banks are going bankrupt and closing down.
If profit is what you're looking for, it's really much better by a longshot to invest in bitcoin than to put your money in the bank. There's literally no inflation-proof when you save your money but when you invest it on an asset like bitcoin that appreciates in value consistently, it gives you that power to actually ensure that the money you kept, will remain valuable for a very long time, it may even yield profit which is the best case scenario but in any way, it's still going to yield you a positive result, long as you know your ins and outs and the risks that you are taking when you invest in bitcoin. I myself started investing in bitcoin back when I was still studying, it wasn't much and I was only ever getting profit from campaigns in this forum, I kept all of it, and from there, things went well for me. Not saying that everyone will be like me let's face it, but my story is a testament to what bitcoin and cryptocurrencies altogether could do for you. |
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These days everyone is talking about the Meme coins and they are trending. Do you like investing in MEME coins ?
Do you like Meme coins and what are your Opinions on Meme coins. I understand Meme coins have no use case but they have hype and that's what you need to make money. Yes, the narrative of Meme coin is very short lived but it may give you 50x or 100x returns within no time.
I degen every now and again for laughs, never really seeing it as a profitable venture or whatnot, so I held a couple of meme tokens in the past, even obscure ones that didn't really made it out of the mainstream, or had founders and devs that pulled the rug on their project at the first sight of a net profit. So yeah, I love memecoins for the sake of memes, not really seeing it as a means to profit even though they're literally the penny stocks of the cryptocurrency industry, just a tad better because there's real money that can be made by the bottomlines and the latecomers. I've put a couple on PEPE a little late after I saw someone profit immensely from their 27 bucks investment, and that's about it for me thus far. |
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Basically I will keep holding Bitcoin if hits new all time high. My plan is to hold Bitcoin till it's been legalized by the Government. Because we maynot be able to buy Bitcoin agin at the low price. Day by day it's popularity will gain also it's usecases. So who will sell it too early? I think selling Bitcoin is a fool decision if you don't need it badly. Keep Bitcoin holding and enjoy the Ride of Bitcoin. I have trust on Bitcoin and one-day it will be legalized and adopted massively then it will be very precious.
You can keep holding on to it forever buddy. There's no way in God's Green Earth that governments all across this planet will somehow allow bitcoin to operate within their Country. Even US as of the moment is a little on the hating side with bitcoin, and has since formed factions in and out the government sector that are strictly opposed to bitcoin ever operating on the country again. Plus, a country being more accepting of bitcoin doesn't necessarily equate to higher price valuation. Look at what happened to bitcoin during the period when El Salvador basically made bitcoin their currency. Price plummeted and took a while before it could recover. So yeah, it's good that you trust bitcoin and all that but you can't trust the government being very accepting of bitcoin. |
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Not trying to play the Devil's advocate here but I don't think the problem is ordinals itself, I think the problem is the fact that no one in their right minds (sorry devs) accounted for the scalability issue that expansion could bring when it does come. I'm pretty positive that even if ordinals didn't come around, some other enterprise that would challenge bitcoin's capabilities will, and sadly it wasn't able to pass the challenge. On the other hand, it's a little concerning how massive the repercussions of Ordinals' existence brought, you wouldn't see such high fees and wait times in other networks and projects, makes me think what in the hell are they doing over there that makes every transaction in the BRC-20 that heavy. Far as I know they only work with a single sat for the main NFT itself, and a couple more to work on the transaction. If anybody could shed a light on this one that's going to be awesome.
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Results
The analysis implies that while USDT has become a refuge for traders amidst the recent banking issues, it's crucial to exercise caution due to Tether's historical encounters with fear, uncertainty, doubt (FUD), and redemption challenges. The market continues to show a strong demand for stablecoins and highly values their potential. The efficiency and robustness of stablecoin hedging strategies have also been proven, suggesting that they can swiftly regain their pegs when facing hurdles. However, the enduring resilience of Tether and other stablecoins is yet to be determined, and additional stress tests might be required for evaluating their future stability.
The truth is that all stablecoins have some significant risk for holders. Even if they have reserves in banks, the bank may just go bankrupt (as we have seen with usdc) There no simple solution, and as always the best is to diversify. But diversify only among stablecoins, but to diversify alon different asset classes. Go to metals, gold, etfs, stocks, bonds, crypto, etc. All asset classes carry a different risk, and being expose to many different risks is way safer than to a few ones. I don't really get the selling point when it comes to holding USDT, they are literally stablecoins meant to represent fiat in the cryptocurrency world, if you're just gonna go ahead and swap USDTs and all other stablecoins for profit might as well just do forex trading. Then again to each his own, I just don't see the benefit or the profit in doing so lmao. It's not even in the best of state cause as it stands today it's like USDT's held at gunpoint with all barrels locked onto his vicinity. There's no telling when a crash is going to happen and if it were to happen it's gonna be bloody for people who are holding USDT. So I suggest that you lot diversify every asset you hold. Don't put all your eggs in one basket and all that stuff cause there's no telling when the hammer's gonna fall. |
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Hello everyone. I don't want to sound pessimistic, but it looks like bitcoins ideas are dying.
I spend a week on this forum talking with people about Bitcoin and asking their opinions in threads. And I came to the conclusion that the whole idea of Bitcoin is being killed in front of our eyes.
The problem is that most of the people in crypto see Bitcoin as an asset like a stock to invest in and then sell later. No one even thinking about the future of Bitcoin as means of currency. Bitcoin was created NOT as an asset, we use it as one, it was created to solve a banking problem and create money of freedom that can't be faked and printed. And somehow people are literally forgotten about this whole point of Bitcoin.
I created a thread asking people what they think bitcoin will stabilize enough to become a currency for people to use and literally everyone said to me that it's an asset and it will never stabilize. And, don't get me wrong, sounds logical and I agree with that.
But if we treat Bitcoin like this, why are we waiting for the "mass adoption" and want businesses to accept Bitcoin that is not stable in any means to use it as a currency?
Another big problem is that everything in crypto spaces becomes centralized. Recently I tried to sell my crypto without KYC and I didn't find any good platforms to do it! Just think about it...nowadays you need to pass KYC to sell crypto without high fees. That's crazy.
Almost all platforms and even some wallets require your ID which is the opposite of anonymity. And because of that there are fewer and fewer platforms that offer you services without KYC and therefore because there are not many of them here they hike up their fees to the sky.
Add to that the fact that even wallets are not safe. Ledger literally offered people to save their seed phrase in the cloud. The mere fact that they CAN take your seed phrase and upload it somewhere is a reason to never use ledger anymore.
So considering all this, it looks like crypto right now is moving to centralization and control over our funds. Bitcoin is just an asset to people and I don't see how everyone can use it as a currency.
That's why I think that bitcoin Ideas are dying.
You're not the first one to think that bitcoin is dead/dying, and you won't be the last. All of these things that we have experienced right now, high volume and transaction fees included, are all things that we have experienced in the past and will continue to experience in the future, nothing's gonna faze the die-hard fans of bitcoin and this industry at this point. So if you're worried about bitcoin dying, and you losing all your holdings if you even have some in the first place, sit yourself beside the people who built this community, as well as the ones who stood the test of time and still have bitcoins in their portfolio, and then tell them your worries, I'm not the best techie guy to explain why this and that isn't something to worry about, but people in here have been helpful so far when it comes to thwarting FUD that has deep technical roots. In any case, crypto winter is still not over, a lot of people will mistake it for bitcoin dying, but soon as we get a leverage, there's a sureshot chance we'll experience another bull-run. |
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The first Africa crypto project was established to steal people's money, when wakanda came out in towards July 2021 and did the burn in September, many people wasted their hard earn money to buy enough, I personally use $300 to buy wakanda which accumulate 2billion plus, but since then, wakanda never rise for once, only going down, my money is less than $10 remaining. Please what is the aimed of those people doing fake crypto currency?  I don't understand why you would still ask for people's reasons why they would scam the heck out of people like you who don't have good amounts of knowledge about crypto, like hell of course they do it for the money. No other question. There's no use crying over spilled milk, you'll just have to be very careful next time. Be very smart and inquisitive when you invest on a project, and don't just jump into one just because it's "African" or whatever fucking reason you have. Research, see if there's something fishy going on, most of the time you'd see it on the whitepaper/guidebook that all of these projects will provide, if they don't have a whitepaper, that's a telltale sign that they don't want you knowing what they would do with your money, best to avoid projects like that. |
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Is it possible to invest 100$ in altcoin and turn to 7,000$? Have this ever happened to anyone on here? Is this even possible?.
Just a month ago a lucky man flipped a measly 27 bucks into more than 1 million dollars. So yeah it's possible. Have I experienced something of the likes? Yes I did, in fact a lot of early birds in this forum who bought bitcoin and ethereum first thing profited by the hundreds of thousands if not millions, so there's a sizable number of people in here who experienced the thing you're curious. Do we know when an altcoin's gonna flip for a lot? Nope. As a matter of fact I don't think a lot of people here thought these coins in the past, the $PEPE millionaire I just mentioned earlier included, knew that they were going to be rich or would earn massive amounts of profit in the process. I think it's all a matter of blind faith and HODL until you succeed or die. |
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Now all the news is writing about a possible default, is it real in the modern world, or is it information propaganda? How do you feel about this situation and what will happen for the rest of the world, you should be afraid of inflation or subsidence of the entire market. how to act in this situation and not lose money? It is worth now to run to withdraw money from the account or change it to the currency of other states. What kind of alignment awaits and what to analyze in general. Perhaps the extreme situation is a technical default, which does not pose a particular threat, but you need to prepare for non-standard options for the development of events.
Nope. The US, however it may look to most people out there (even to me, I feel like they've fallen from grace and has become a shell of its previous glorious state), there's no way in hell that legislators in the country would allow itself to default from debt. As what @Husires has told you in his post, it's all political issues really, and barely economical, because for the most part the reason why there's no movement in the part of deciding whether to increase the debt ceiling or not is because legislators and politicians couldn't decide at the moment on what the best path to take is. Eventually they come and will come into a solution, that's always been the case for US anyway. The US will not default on its debt, financial crash would be delayed another time, and all that kind of stuff. |
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There is an opinion that the more money you spend, the more you get in return, it is interesting to find out who really works in this direction. I spend enough money, but I have a fixed income, therefore I will not be able to get more. I don't have rich relatives, and I don't expect an inheritance either. I want to get rich, not to deny myself, but I have to save on everything. Who really faced big expenses and received even more? How does it work, maybe I don't understand the essence of it correctly?
The more you spend, the more you earn only applies if you are smart with your finances. Wherein, the money you spend, goes towards things that are either going to serve you well, or are going to pay you in the future. You can't just spend money belligerently and expect that money to come back to you, that's not how it works. You have to have the proper knowledge on how to make the money you spend work for you, so that you can earn from it. Applies to investments, businesses, and every form of profit venture you can think of. If you have money to spend on those things, spend it. Watch it grow, learn and study how to make it grow, and profit from it eventually. That's just how the world works. |
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One thing is to have good resources (opportunity); another is to know about them (unawareness) and at the same time have proper usage for them. There are a lot of natural resources on African lands; crude is not just the only thing, as you have stated, and these resources are being secretly and openly extracted either by the country's government or private entrepreneurs. But the question here is: what are those resources made from selling out those resources used for? To me, it's not about having those resources or even knowing the worth of those resources; it's about how those resources are being used for the betterment of the nation and not for the enrichment of the leaders.
Talking about Nigeria exporting their crude overseas for refining is not because the country lacks the capacity to set up a working refinery, which they can use to do that, or they lack the knowledge of doing so; all I see here is greed. For the country to own an active refinery, it means a lot of private individuals who are also government officials won't be benefiting from exportation. There are about three private exporters of crude who are making a heavy sum from it, and they will always try every possible way to make sure that their earnings remain. Let's watch and see what will happen if the Dangote proposed refinery is concluded and commissioned, and if there will be a little change even though it is a private refinery.
It's one thing to know, it's one thing to be aware of the benefits and all the profits they may obtain from such, but it's another to willingly sell these resources in exchange for favors courtesy of corruption and shady deals, plus centuries of systemic racism and slavery (which I still am aware is something that happens in these countries). Nigeria has a bright future, some of the brightest people I know from the internet came from South Africa and its neighboring countries, but due to the lack of fostering, as well as the abovementioned reasons, they either have to fly over a different country like the US to get a better chance at life or they end up getting their talents wasted because the country's government, as well as everything else within it, is designed to pick on the average African and abuse them just enough that no other country would bat an eye against their deeds. Literally imagine the fact that Nigeria gets tons and tons of e-waste dumped on them every day, because it's cheaper to dump it over their country and label it as "donation" than to properly dispose of such. That's just insane. |
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Bank is an establishment known for financial services but what they do these days is way more than that. And the things they do are both legal and illegal, still, they cover up under the guise of the legality that covers the sector.
Mind you, you forgot to add that;
1. They launder money.
2. They broker onshore and offshore deals (both legally and illegally).
3. They steal money from customers' accounts through double and unexplainable charges.
4. They blackmail their customers and steal the money of the faint in heart.
And many more...
There is a lot that will always make me sceptical of banks.
Exactly. These banks can paint themselves whatever color they want to but it's not gonna stray us from the fact that most of their profit comes from shady deals and putting people who are none the wiser to immoral deals and debts. Just got of on reddit seeing a post where a gardener, who just wanted to take up a loan from a creditor/bank to buy themselves a washing machine for around 300 bucks, get swindled into paying almost 1500 all due to crazy fees that no regular person would be able to understand. This is where they get their money people, from abusing regular joes and kicking them in the shin when they're down. Get real and see banks for what they really are, a legal swindling center. |
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Is it possible that the interest rates are declining and the real estate sector is collapsing at the same time?
I don't believe that having affordable mortgages would have any negative impact over the real estate sector.
The fiscal and monetary policies of many governments around the world tend to be less and less effective. Financial discretion done by the government seems more like a mistake nowadays. The right thing to do is to cut more government spending and put the national budget deficit under control.
I don't know where do you live. The situation is my country is difficult as well, but the real estate sector is still in good shape and the inflation levels are slowly declining.
That seems to be the case in a couple of countries one of which is China. A lot of real estate owners out there are getting their properties foreclosed and repossessed by banks due to defaulting on loans. With interest rates rising everywhere, I'm lead to think that the global economy is definitely going to shitter by the day. It's not helping that the Global Currency Standard, the USD, is also having its own problems due to their lenience and overprinting back in the days of COVID finally coming back to bite their asses, which will definitely cause some sort of domino effect to countries that are allied or connected somehow to US. In any case, perhaps we'll just have to brace ourselves this time while we plummet to the ground. |
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Empires last a couple hundred years before they fall horrendously.
USA is no exception. The world is feeling its grip loosening upon the global economy, as greater superpowers like China are vying to take its place. Issues within its own society, massive gun violence, hyperinflation, continuous deterioration of the climate and the environment (granted this one's on a global scale but they are the main offenders) and a lot more that spells doom for the once glorious state nation that is America. So when people say that USA can become the biggest economy in the world, I laugh. There's immutable evidence laid in front of our eye sockets, all we have to do is open our eyes and see America for the sick man it is right now. I sure hope there's a turn around still, but all roads lead towards that dreadful path.
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Financial education has always been a game changer in the financial state of a man, it is the best education a father can give to his children because once you are financially educated, it's near impossible not to be financially stable.
Have you wonder why most lottery winners have gone back to square one after winning or most rich kids losing their inheritance due to poor/bad management of funds, it's because they lack financial education.
On the other hand 1million dollars is truly a life changing amount of money but if you are not financially educated, you will lose it all on the long run,
I don't know if anyone sees it the same way I do?
Not gonna be the dumbass who thinks he can make the 1 million bucks after learning how to be financially smart. I'd take the 1 million dollars, and learn my way into becoming financially-educated along the way. I'm not gonna spend a dime from that money, as I am on a full-time pay and would like to make sure that every single penny from that pile will be spent good and saved great. As for lottery winners who find themselves burning through their prize winnings without anything left after, I'd say it's not only because of the financial illiteracy but also because they are blind-sided by the sheer amount of money they just won, at least up to a certain level where they think this money they won will never go away. Hence they spend lavishly, they buy things that aren't needed, they treat people that don't even deserve a seat at their table, and they lose the money in the process. |
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