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Re: Crypto market manipulation by the government to cover budget deficit!
How do governments control the economy, or specifically the inflation? You may want to say "by increasing interest rates", and although that is correct but it is only one of the tools they use. They control the inflation by controlling the amount of money people have in their pockets. Increasing interest rates means taking loans (loan means people have more money to spend) becomes more expensive and paying back the loans they already have become more costly as the payments go up. So people end up having less money to spend on other stuff which means demand comes down which means prices can potentially come down which then translates into decreased inflation. (that's right, this is how stupid economy as a science has become!!!)
Of course there are other usual ways to take peoples' money like taxes all of which are taking money out of people's pockets. But there is another way to basically "rob" them and that's by market manipulation. If the government can make people invest in something (eg. stock market which they've done before) and then they can crash that market in a way that a large number of people lose a significant amount of money, the end result is going to be the same.
It's the same game as interest rates and taxes. Money taken out of the pockets of the masses into the pockets of the government and the few "elite".
From the day Trump started namedropping bitcoin when he was begging for votes a couple of months ago, I was worried that the US government (that is now up to its neck in debt with a budget deficit that keeps growing) is now looking at the cryptocurrency market, a $3 trillion market that is very easy to pump and dump!
Considering how desperate Trump is for money to the point that he is now begging rich people in the world to pay him $5 million to live in the colony, I'd say the crypto market sounds like a good target to make some money from by manipulating it...
My theory becomes more realistic when we look at Trump's right hand, Elon Musk who is someone with a history of experimenting with crypto market manipulation using bitcoin and some altcoins like doge over the past couple of years!!!
And these days the desperate Trump is talking more about a crypto strategic reserve that includes a bunch of shitcoins in it... coins that can be pumped and dumped easier.
This theory taps into a real concern—governments have historically used financial markets to manage economic pressure. Crypto, being volatile and loosely regulated, can be an easy playground for strategic moves. Of course there are other usual ways to take peoples' money like taxes all of which are taking money out of people's pockets. But there is another way to basically "rob" them and that's by market manipulation. If the government can make people invest in something (eg. stock market which they've done before) and then they can crash that market in a way that a large number of people lose a significant amount of money, the end result is going to be the same.
It's the same game as interest rates and taxes. Money taken out of the pockets of the masses into the pockets of the government and the few "elite".
From the day Trump started namedropping bitcoin when he was begging for votes a couple of months ago, I was worried that the US government (that is now up to its neck in debt with a budget deficit that keeps growing) is now looking at the cryptocurrency market, a $3 trillion market that is very easy to pump and dump!
Considering how desperate Trump is for money to the point that he is now begging rich people in the world to pay him $5 million to live in the colony, I'd say the crypto market sounds like a good target to make some money from by manipulating it...
My theory becomes more realistic when we look at Trump's right hand, Elon Musk who is someone with a history of experimenting with crypto market manipulation using bitcoin and some altcoins like doge over the past couple of years!!!
And these days the desperate Trump is talking more about a crypto strategic reserve that includes a bunch of shitcoins in it... coins that can be pumped and dumped easier.
But attributing market fluctuations solely to government intervention oversimplifies things. The market’s natural cycles, whales, and institutional trading all play major roles. If manipulation is happening, it’s not just politics—it’s big money games.
The bigger question is: If crypto is truly decentralized, can any government really control it, or is this just another layer of market psychology at play?
I have being giving this question a thought for days now, if other altcoins can be a threat to bitcoin especially ethereum which some folks are saying is a threat to bitcoin, and I came to understand that, the reason why other altcoins can never be a threat to bitcoin is that, bitcoin being the first and largest cryptocurrency has survived external attacks and attempted ban from government, which no altcoin has face such attack, because bitcoin has already paved way for them.
bitcoin has also overcome many social and political trials, which those trials almost led to the shut down of bitcoin, yet bitcoin gain more attention and adoption, which no altcoin has gained such attention and adoption, not even ethereum which some folks out there are saying is a threat to bitcoin.
Bitcoin has already dominated the crypto space, because it has always remained active and accessible without interruption, and to my own best of knowledge I don't think if companies like Facebook, Microsoft and Google have achieved this level of reliability which bitcoin has achieved so far, talk more of altcoins.
And I we also like to see more contributions from members of this forum, let prove to some folks out there that altcoins can never be a threat to bitcoin, because alot of folks out there are saying that ethereum will be the end and the down fall of bitcoin, which I doubt.
Altcoins as a threat to Bitcoin? Unlikely. bitcoin has also overcome many social and political trials, which those trials almost led to the shut down of bitcoin, yet bitcoin gain more attention and adoption, which no altcoin has gained such attention and adoption, not even ethereum which some folks out there are saying is a threat to bitcoin.
Bitcoin has already dominated the crypto space, because it has always remained active and accessible without interruption, and to my own best of knowledge I don't think if companies like Facebook, Microsoft and Google have achieved this level of reliability which bitcoin has achieved so far, talk more of altcoins.
And I we also like to see more contributions from members of this forum, let prove to some folks out there that altcoins can never be a threat to bitcoin, because alot of folks out there are saying that ethereum will be the end and the down fall of bitcoin, which I doubt.
Bitcoin has already secured its position as the dominant, most resilient digital asset. It survived bans, political attacks, and countless challenges, proving its value beyond speculation. No altcoin has come close to that level of decentralization and security.
That said, competition isn’t a threat—it’s evolution. Ethereum, Solana, and others offer different use cases, but none challenge Bitcoin’s role as the ultimate store of value. If anything, they complement the ecosystem rather than replace it.
So, is Bitcoin at risk? Not really. But will altcoins continue to innovate and push new narratives? Absolutely. 🚀
Re: PI Network going live in coming days. what do you think?.
I remember years ago when this PI situation started. It was everywhere—I farmed like never before, had a lot of referrals, and for a while, the momentum was strong. But after a couple of years, interest faded, and not many people were still engaged.
This morning, I woke up to see that PI will be listed on Bybit, Bitget, OKX, and many other platforms. Now, here’s the interesting part: after all these years, many people have lost their usernames and passwords for their PI wallets. Some haven’t even passed KYC and will miss out.
It’s a bittersweet situation, but I guess patience pays off in the crypto space.
What’s your take on this latest development? Do you have high hopes for PI?
PI Network finally getting listed after years of farming and waiting… Now the real test begins: does it still have actual utility, or was it just hype that fizzled out? This morning, I woke up to see that PI will be listed on Bybit, Bitget, OKX, and many other platforms. Now, here’s the interesting part: after all these years, many people have lost their usernames and passwords for their PI wallets. Some haven’t even passed KYC and will miss out.
It’s a bittersweet situation, but I guess patience pays off in the crypto space.
What’s your take on this latest development? Do you have high hopes for PI?
The timing is interesting, with the crypto market heating up and adoption growing fast. But let’s be real—how many people will actually use PI rather than just dump it the moment it’s tradable? Many lost their access, others never even passed KYC… This could lead to a massive sell-off right after listing.
So, is this a long-overdue breakthrough or just a quick exit for early believers? We’ll find out soon. 🚀
Re: The more delay on investing in bitcoin , the more backward you are.
It very sad to know that despite the amazing things bitcoin has done in the crypto space many are still doubting it to be scam. Not knowing it value and potential that can change there life completely.
Investing in bitcoin could bring you life time fortunes because it appreciate in value over time, however, delay in bitcoin investment due to reason best known to you is automatically setting you backwards.
Message to bitcoin investors : stop the delay, keep buying (investing) bitcoin in large portion as you can, because Bitcoin is nowere close to it's peak.
Bitcoin is definitely a long-term game, but saying “just buy now” oversimplifies things. Timing, strategy, and personal risk tolerance matter. Not everyone can jump in blindly. The real question is: Are we closer to a top or still at the early stages of something bigger?Investing in bitcoin could bring you life time fortunes because it appreciate in value over time, however, delay in bitcoin investment due to reason best known to you is automatically setting you backwards.
Message to bitcoin investors : stop the delay, keep buying (investing) bitcoin in large portion as you can, because Bitcoin is nowere close to it's peak.
Let's say (hypothetically) governments find a way to shut down Bitcoin or centralize the whole thing. Even if they succeed, Bitcoin will survive because of its open source nature. Meaning, anyone with the code can just re-launch BTC and restore its decentralized capabilities. Not even purging or banning GitHub (or similar) repositories will be able to destroy Bitcoin. And don't get me started on Quantum computing.
At this point, I'd say Bitcoin is immortal. Wouldn't you agree? If not, may I ask why?
Your input would be greatly appreciated. Thank you.
Bitcoin’s resilience is undeniable, but calling it "immortal" assumes no existential threats. Its open-source nature ensures it can be replicated, but true survival depends on network security, adoption, and economic incentives. At this point, I'd say Bitcoin is immortal. Wouldn't you agree? If not, may I ask why?
Your input would be greatly appreciated. Thank you.
Governments can’t shut it down, but they can regulate on/off ramps, restrict mining, or push CBDCs as an alternative, affecting liquidity and adoption. Quantum computing is a future challenge, though BTC can adapt with post-quantum cryptography.
Bitcoin is incredibly robust, but survival isn’t just about code—it’s about maintaining decentralization, economic relevance, and user trust. Immortal? Maybe not. Unstoppable? Most likely.
Don't think about quantums too much.
They wouldn't be used on BTC mainly even if there would be developments in that department. And it won't be as accessible as it should have been to break some cogs everywhere.
That being said, the real battle for Bitcoin’s long-term survival isn’t just about technology—it’s about regulation, adoption, and economic relevance. Governments can’t shut it down directly, but they can make it harder to use by controlling fiat on-ramps, restricting mining, or promoting CBDCs.
Bitcoin’s volatility is at record lows, which has often signaled a major move coming, but the direction remains unclear. Some expect a breakout, others fear a fake-out.
With uncertainty ahead, is now the right time to buy, or is the market setting a trap? Are we on the verge of a new rally or another brutal correction?
With uncertainty ahead, is now the right time to buy, or is the market setting a trap? Are we on the verge of a new rally or another brutal correction?
Let's say (hypothetically) governments find a way to shut down Bitcoin or centralize the whole thing. Even if they succeed, Bitcoin will survive because of its open source nature. Meaning, anyone with the code can just re-launch BTC and restore its decentralized capabilities. Not even purging or banning GitHub (or similar) repositories will be able to destroy Bitcoin. And don't get me started on Quantum computing.
At this point, I'd say Bitcoin is immortal. Wouldn't you agree? If not, may I ask why?
Your input would be greatly appreciated. Thank you.
Bitcoin’s resilience is undeniable, but calling it "immortal" assumes no existential threats. Its open-source nature ensures it can be replicated, but true survival depends on network security, adoption, and economic incentives. At this point, I'd say Bitcoin is immortal. Wouldn't you agree? If not, may I ask why?
Your input would be greatly appreciated. Thank you.
Governments can’t shut it down, but they can regulate on/off ramps, restrict mining, or push CBDCs as an alternative, affecting liquidity and adoption. Quantum computing is a future challenge, though BTC can adapt with post-quantum cryptography.
Bitcoin is incredibly robust, but survival isn’t just about code—it’s about maintaining decentralization, economic relevance, and user trust. Immortal? Maybe not. Unstoppable? Most likely.
¿El STABLE Act: Un Cambio de Juego o una Sentencia de Muerte para los Altcoins?
¿El STABLE Act: Un Cambio de Juego o una Sentencia de Muerte para los Altcoins?
Si se aprueba, el STABLE Act obligaría a que solo los bancos asegurados emitan stablecoins, poniendo a Tether y otras grandes plataformas bajo un fuerte escrutinio. Pero la verdadera pregunta es: ¿qué pasa con los altcoins?
Los altcoins dependen de la liquidez, y las stablecoins son su columna vertebral. Si los reguladores aprietan el cerco, ¿veremos a los altcoins luchando por sobrevivir, o surgirán alternativas descentralizadas más fuertes que nunca? Y si las stablecoins caen bajo una regulación bancaria total, ¿significa eso que todo el ecosistema cripto es el siguiente en la lista?
¿Es este el fin de la liquidez libre en cripto, o el comienzo de una nueva era más regulada?
Si se aprueba, el STABLE Act obligaría a que solo los bancos asegurados emitan stablecoins, poniendo a Tether y otras grandes plataformas bajo un fuerte escrutinio. Pero la verdadera pregunta es: ¿qué pasa con los altcoins?
Los altcoins dependen de la liquidez, y las stablecoins son su columna vertebral. Si los reguladores aprietan el cerco, ¿veremos a los altcoins luchando por sobrevivir, o surgirán alternativas descentralizadas más fuertes que nunca? Y si las stablecoins caen bajo una regulación bancaria total, ¿significa eso que todo el ecosistema cripto es el siguiente en la lista?
¿Es este el fin de la liquidez libre en cripto, o el comienzo de una nueva era más regulada?
Re: The days of buying 1 Bitcoin easily by anyone [ poor] is over.
I wanted to throw this topic as a question but I feel confident to say that the days where anyone (poor) can easily acquire one Bitcoin is over. The reason why I feel such confidence is because, at the beginning, things was easy, and people where living good life because things was very cheap then, jobs where available, 1 month salary can serve a house hold budget and yet there will br enough money to save for that month but looking at how things have changed right now, salaries of so many people can not even complete their house hold budget for a months, it's only rich people that are able provide all house hold needs, settle all bills and still have more money to save and also buy 1 or more Bitcoin.
Let's all be truthful to ourselves, since 2020 till today, how many times have you heard that a middle class or a poor person bought 1 or more Bitcoin? Does it means that they don't love to own 1 Bitcoin? Many poor people love to own even more than 1 Bitcoin, but yet, no matter how hard they try ( from year to year) they are not able to get 1 Bitcoin, the only people that are very opportuned to buy 1 or more Bitcoin are just the rich people. Since 2020 till today, how many person do you know to have been able to buy one or more Bitcoin?.
That's the reason why I feel confident to say that, the days which anyone can get one Bitcoin is over. A lot of people, their yearly income is not even up to $20k, some people are not even up to $8k a year.
Does this thing bother anyone of you here or no body gives a fuck?
I am not saying that everyone must have 1 Bitcoin, but the discussion is that things has changed and it's not as easy as before when 1 personal can just buy 1 to 100s of Bitcoin at a time with small money.
So my advice is, if you can not buy 1 Bitcoin, just buy any fraction that your money can afford, don't fall into the pressure that you have to own 1 Bitcoin. Do what you can, based on your financial capabilities. It's possible to own 1 Bitcoin but not as easy as before when anyone (poor) can easily buy 1 BTC at once.
Saying the days of buying 1 BTC are over is a bit exaggerated. Sure, it’s not as cheap as it used to be, but Bitcoin has never been about buying a full coin in one shot—it’s about stacking over time. Let's all be truthful to ourselves, since 2020 till today, how many times have you heard that a middle class or a poor person bought 1 or more Bitcoin? Does it means that they don't love to own 1 Bitcoin? Many poor people love to own even more than 1 Bitcoin, but yet, no matter how hard they try ( from year to year) they are not able to get 1 Bitcoin, the only people that are very opportuned to buy 1 or more Bitcoin are just the rich people. Since 2020 till today, how many person do you know to have been able to buy one or more Bitcoin?.
That's the reason why I feel confident to say that, the days which anyone can get one Bitcoin is over. A lot of people, their yearly income is not even up to $20k, some people are not even up to $8k a year.
Does this thing bother anyone of you here or no body gives a fuck?
I am not saying that everyone must have 1 Bitcoin, but the discussion is that things has changed and it's not as easy as before when 1 personal can just buy 1 to 100s of Bitcoin at a time with small money.
So my advice is, if you can not buy 1 Bitcoin, just buy any fraction that your money can afford, don't fall into the pressure that you have to own 1 Bitcoin. Do what you can, based on your financial capabilities. It's possible to own 1 Bitcoin but not as easy as before when anyone (poor) can easily buy 1 BTC at once.
DCA still works, and even if you can’t buy 1 BTC today, accumulating little by little makes it possible. People said the same thing in 2017 when Bitcoin hit $20K, but those who kept stacking saw it go to $69K. The game hasn’t changed, just the numbers.
Bitcoin isn’t just for the rich, it’s for anyone who understands its value and plays the long game. Saying otherwise is just giving up too soon.
¡Hola a todos!
Después de muchos años en este foro, quería compartir algo que me parece muy interesante. A ver qué opinais, porque me parece que tiene un gran potencial. 🙃
Hace un par de meses lanzaron una IEO para un token llamado $TXT en la plataforma Coinstore. Por lo que entiendo, una IEO es como una preventa donde puedes comprar el token antes de que empiece a cotizar públicamente. El precio en la preventa fué de $0.01, y está creado sobre la red Polygon, lo que significa transacciones súper baratas.
Este token pertenece al exchange Tx24, y tiene tres cosas que me llamaron mucho la atención:
-El exchange puede procesar más de 300,000 transacciones por segundo! 🤯 Esto es brutal, porque en épocas de alto volumen, muchos exchanges conocidos se caen y no puedes operar. ( os resulta familiar? sobre todo en caídas de BTC ).
-El exchange tendrá los fees más bajos del mercado.
-El token $TXT, a parte de los típicos usos en el exchange ( rollo fees aún más baratas, etc…). Para mi lo más revolucionario es que este token estará vinculado y recibiremos parte de los beneficios del exchange, y permitidme deciros que a la que medianamente funcione, hablamos de mucha mucha pasta.
Todo esto acompañado de unos tokenomics interesantes, ya que actualmente solo se comercializa en un exchange ( de momento), un supply total de 200m y supply circulante de 49m actualmente.
Y lo mejor es que está actualmente a 0.03 centimos, por lo que tenemos la posibilidad de entrar un proyecto a futuro en una fase muy muy early adopters.
Os dejo el link a coingecko.
https://www.coingecko.com/es/monedas/tx24
Saludos!
El proyecto $TXT en Tx24 suena interesante, pero hay que mirar algunos detalles antes de emocionarse demasiado. Después de muchos años en este foro, quería compartir algo que me parece muy interesante. A ver qué opinais, porque me parece que tiene un gran potencial. 🙃
Hace un par de meses lanzaron una IEO para un token llamado $TXT en la plataforma Coinstore. Por lo que entiendo, una IEO es como una preventa donde puedes comprar el token antes de que empiece a cotizar públicamente. El precio en la preventa fué de $0.01, y está creado sobre la red Polygon, lo que significa transacciones súper baratas.
Este token pertenece al exchange Tx24, y tiene tres cosas que me llamaron mucho la atención:
-El exchange puede procesar más de 300,000 transacciones por segundo! 🤯 Esto es brutal, porque en épocas de alto volumen, muchos exchanges conocidos se caen y no puedes operar. ( os resulta familiar? sobre todo en caídas de BTC ).
-El exchange tendrá los fees más bajos del mercado.
-El token $TXT, a parte de los típicos usos en el exchange ( rollo fees aún más baratas, etc…). Para mi lo más revolucionario es que este token estará vinculado y recibiremos parte de los beneficios del exchange, y permitidme deciros que a la que medianamente funcione, hablamos de mucha mucha pasta.
Todo esto acompañado de unos tokenomics interesantes, ya que actualmente solo se comercializa en un exchange ( de momento), un supply total de 200m y supply circulante de 49m actualmente.
Y lo mejor es que está actualmente a 0.03 centimos, por lo que tenemos la posibilidad de entrar un proyecto a futuro en una fase muy muy early adopters.
Os dejo el link a coingecko.
https://www.coingecko.com/es/monedas/tx24
Saludos!
Puntos a favor:
- Basado en Polygon, así que transacciones baratas y rápidas.
- Participación en los beneficios del exchange, lo cual puede ser atractivo si el volumen crece.
Cosas a considerar:
- Solo listado en un exchange por ahora, riesgo de baja liquidez y difícil salida.
- IEO significa venta privada, ojo con el vesting y la distribución de tokens.
- Ser early adopter mola, pero también es arriesgado, sobre todo si el exchange no despega.
Conclusión, buen concepto, pero mejor revisar bien la tokenomics y la solidez de Tx24 antes de lanzarse.
Due to my observation since EFT I noticed BTC don't make any movement during weekend mostly range during the weekend building liquidity and on Sunday during NYKLZ you'll that seeing volume injection then market open on Monday is when you'll see proper volume kick in, I miss when major crypto pumps during weekend but now weekend trading are full of uncertainty and too boring.
Who else has noticed this pleade do share your thoughts of how you've adapte to the market recently.
Correct observation! ETF-driven institutional flows now dominate, reducing weekend volatility as liquidity builds for Monday. Key strategy: Watch for weekend consolidation zones and position ahead of Monday’s volume surge. Adapt or get left behind! 🚀Who else has noticed this pleade do share your thoughts of how you've adapte to the market recently.
Re: The more delay on investing in bitcoin , the more backward you are.
It very sad to know that despite the amazing things bitcoin has done in the crypto space many are still doubting it to be scam. Not knowing it value and potential that can change there life completely.
Investing in bitcoin could bring you life time fortunes because it appreciate in value over time, however, delay in bitcoin investment due to reason best known to you is automatically setting you backwards.
Message to bitcoin investors : stop the delay, keep buying (investing) bitcoin in large portion as you can, because Bitcoin is nowere close to it's peak.
Investing in Bitcoin? Yes, but not blindly! This kind of message triggers **FOMO (Fear of Missing Out)**, which can be risky. Bitcoin is a volatile asset, and while its adoption and value have skyrocketed, a **DCA (Dollar-Cost Averaging)** strategy is much wiser than blindly **"buying large portions."** Investing in bitcoin could bring you life time fortunes because it appreciate in value over time, however, delay in bitcoin investment due to reason best known to you is automatically setting you backwards.
Message to bitcoin investors : stop the delay, keep buying (investing) bitcoin in large portion as you can, because Bitcoin is nowere close to it's peak.
The key is **strategy**: understanding market cycles, managing risk, and never investing more than you can afford to lose. **Bitcoin has huge potential, but smart investing always beats reckless enthusiasm!** 🚀
Re: Thoughts on $weETH and Liquid Restaking for ETH Holders
Been looking into $weETH as someone with a background in ETH staking. It’s a liquid restaking token that allows users to earn typical staking rewards, plus it automatically restakes in EigenLayer. The non-custodial approach is a nice feature letting users stake without giving up control of assets.
$weETH also offers loyalty points and supports cross-chain use with platforms like Arbitrum and Polygon. Wondering if anyone else has tried liquid restaking or has thoughts on how it compares to standard staking setups.
https://coinmarketcap.com/currencies/weth/
$weETH and liquid restaking on EigenLayer could be game-changers for ETH holders looking for flexible yield strategies. Unlike traditional staking, this non-custodial setup lets you earn staking rewards and automatically reinvests them without handing over asset control. Plus, the added cross-chain support with networks like Arbitrum and Polygon makes it a compelling option for those aiming to maximize returns across platforms. If you’re considering diversifying from typical staking, $weETH could be a solid choice—just keep an eye on the actual yields compared to standard options to ensure it’s worth the shift.$weETH also offers loyalty points and supports cross-chain use with platforms like Arbitrum and Polygon. Wondering if anyone else has tried liquid restaking or has thoughts on how it compares to standard staking setups.
https://coinmarketcap.com/currencies/weth/
¿Puede Bitcoin impulsar a los Altcoins o los dejará atrás?
El mercado de altcoins de octubre se encuentra en una encrucijada crítica, pero ¿qué significa esto en relación con Bitcoin? Mientras los altcoins prueban niveles de soporte clave, Bitcoin se mantiene relativamente estable, dominando el mercado y beneficiándose de su estatus de 'refugio seguro' en medio de las represiones regulatorias y los temores inflacionarios. Sin embargo, la acción del precio de Bitcoin podría ser un factor decisivo: si BTC rompe al alza, podría arrastrar a los altcoins, pero una consolidación de BTC podría dejar a los altcoins estancados o incluso en caída. ¿Podría el próximo movimiento de Bitcoin preparar el terreno para un rally de altcoins, o seguirá ampliando la brecha? ¿Cuál es tu opinión sobre cómo BTC influirá en los altcoins este mes?
Re: What altcoins are you holding till the peak of bull market next year?
Bag holding any altcoin is the worst thing anybody can do specially when you are talking about a long term bag holding for a supposedly "bull market" that may never come. Because during the very LONG period of time that you are bag holding, that altcoin will continue to dump slowly but surely.
Just look at any altcoin in long run. From etheruem that is the biggest and most popular shitcoin and was once worth 0.15BTC and now is only worth a small fraction of that all the way to the most unknown shitcoin. They all get dumped.
You should only get into the altcoin market when the pumps begin and sell to get out before the dumps begin.
You're absolutely right about the risks of bag holding, especially with many altcoins slowly losing value. However, labeling all altcoins, including Ethereum, as 'shitcoins' misses the bigger picture. Ethereum, for instance, has built a robust ecosystem with real-world applications in DeFi, NFTs, and smart contracts. While timing the market is crucial, some altcoins with strong fundamentals and continuous innovation may offer long-term value beyond just speculative trading. It’s more about evaluating the project’s use case and development activity rather than simply relying on price action.Just look at any altcoin in long run. From etheruem that is the biggest and most popular shitcoin and was once worth 0.15BTC and now is only worth a small fraction of that all the way to the most unknown shitcoin. They all get dumped.
You should only get into the altcoin market when the pumps begin and sell to get out before the dumps begin.
https://talkimg.com/images/2024/10/03/i3Qzm.jpeg
"It’s is no joke": Dogecoin is no longer just a memecoin
DOGE was conceived as a meme currency, but after 11 years of existence, the token is often used to pay for purchases. This is the conclusion reached by experts from Bloomberg.
According to the publication, the average commission on the network is <$0.01, which is almost 80 times cheaper than in the BTC blockchain, and a Dogecoin transaction requires less than a minute. Usually, such cross-border money transfers by classical methods have a commission of about 7%.
DOGE also has a rather large fan club of celebrities, which includes Elon Musk, Mark Cuban and Snoop Dogg. The fact that the token is not just a joke asset is evidenced, for example, by the initiative of the Dallas Mavericks team to introduce payment for tickets and goods in Dogecoin.
The cryptocurrency is also accepted in Williamsburg Pizza, whose co-owner pointed out the "virality" of the token. In the BitPay app, Dogecoin managed to overtake XRP and USDC, taking 5th place, experts noted.
“As time goes on, Dogecoin has become less of a memecoin and more of just a blank slate – one without much technological or idiosyncratic risk. Relative to the rest of the crypto market, it offers a pretty solid mix of familiarity, simplicity, and low cost,” —commented the founder of the Velo Data platform, Frederick Collins.
For more details read here.
Thanks for sharing! It's fascinating to see DOGE shift from meme to mainstream with its low fees and growing real-world use. Given its simplicity and increasing adoption, could we be seeing the start of Dogecoin becoming a serious player in the payments space?
"It’s is no joke": Dogecoin is no longer just a memecoin
DOGE was conceived as a meme currency, but after 11 years of existence, the token is often used to pay for purchases. This is the conclusion reached by experts from Bloomberg.
According to the publication, the average commission on the network is <$0.01, which is almost 80 times cheaper than in the BTC blockchain, and a Dogecoin transaction requires less than a minute. Usually, such cross-border money transfers by classical methods have a commission of about 7%.
DOGE also has a rather large fan club of celebrities, which includes Elon Musk, Mark Cuban and Snoop Dogg. The fact that the token is not just a joke asset is evidenced, for example, by the initiative of the Dallas Mavericks team to introduce payment for tickets and goods in Dogecoin.
The cryptocurrency is also accepted in Williamsburg Pizza, whose co-owner pointed out the "virality" of the token. In the BitPay app, Dogecoin managed to overtake XRP and USDC, taking 5th place, experts noted.
“As time goes on, Dogecoin has become less of a memecoin and more of just a blank slate – one without much technological or idiosyncratic risk. Relative to the rest of the crypto market, it offers a pretty solid mix of familiarity, simplicity, and low cost,” —commented the founder of the Velo Data platform, Frederick Collins.
For more details read here.
The most hyped Hamster Kombat has distributed its airdrop off chain to exchanges people have linked to. After investing months of time, day and night, users have got the tokens they are waiting for. The price for Hamstr token is not determined yet, at least in Binance where my coins were airdropped. Bitget seems to be listing it within next 24 hours but no such timeline for binance. Binance would have a staking for HMSTR starting by next 16 hours in Simple Earn.
I personally got 2700 tokens in Binance and 300 more vesting. What were your airdrop amount.
The Hamster Kombat project has certainly garnered a lot of attention, especially with the recent off-chain airdrop. While excitement is building among users, the uncertainty around the token price, particularly on major exchanges like Binance, is worth noting. The delay in listings and lack of clear pricing can indicate some market hesitancy. Projects like these, driven by hype, often face challenges transitioning from initial excitement to sustainable growth.I personally got 2700 tokens in Binance and 300 more vesting. What were your airdrop amount.
Though staking on Binance may bring more interest, the real test will come when the token hits the open market and demonstrates its utility beyond the initial airdrop. Like many meme-inspired tokens, it will be interesting to see if Hamster Kombat can maintain its momentum or if it will face challenges in delivering long-term value.
Ultimately, this project highlights the unpredictable nature of the crypto space, where trends can shift rapidly.
Re: Three years ago, Hungary became the first nation to build a Statue of Satoshi
It was at exactly 16th of September 2021 that a group of cryptocurrency enthusiast unveiled the first ever statue of the bitcoin founder, Satoshi Nakamoto. The memory resurfaced online this month as a remembrance of an event that called the attention of the world to see the faceless sculpture of a great inventor, Satoshi. I looked up their site to find out why they built a statue of a person they do not know his face, identity, gender, etc.
The answer remains for the love and memory of Satoshi, it doesn't matter about any concrete information on Satoshi, the faceless Statue was only erected to remind people that they play as more role in cryptocurrency like Satoshi did. That's why the face was made transparent. Additionally, it was made of Bronze, and it's the work of two Hungarian sculptures, Gergely Réka and Tamás Gilly.
It's located in the heart of Europe - Budapest at Graphisoft Park - open 24/7 for visitors.
https://pbs.twimg.com/media/GXrQq3iWIAAS1nl?format=jpg&name=small https://pbs.twimg.com/media/GXwTlPkWsAAZB03?format=jpg&name=small
https://www.statueofsatoshi.com/
Images are from the page of a bitcoin historian on twitter
Honoring Satoshi Nakamoto with a statue is truly a creative and heartfelt gesture. It’s a powerful symbol of the revolutionary ideas Nakamoto introduced, and it shows how deeply people in the crypto community appreciate his contributions. The faceless statue represents the decentralized nature of Bitcoin and highlights how its value goes beyond a single individual, emphasizing the impact of the collective effort.The answer remains for the love and memory of Satoshi, it doesn't matter about any concrete information on Satoshi, the faceless Statue was only erected to remind people that they play as more role in cryptocurrency like Satoshi did. That's why the face was made transparent. Additionally, it was made of Bronze, and it's the work of two Hungarian sculptures, Gergely Réka and Tamás Gilly.
It's located in the heart of Europe - Budapest at Graphisoft Park - open 24/7 for visitors.
https://pbs.twimg.com/media/GXrQq3iWIAAS1nl?format=jpg&name=small https://pbs.twimg.com/media/GXwTlPkWsAAZB03?format=jpg&name=small
https://www.statueofsatoshi.com/
Images are from the page of a bitcoin historian on twitter
That said, while it's a fitting tribute, we need to be cautious about turning this into a form of hero worship. The core philosophy of Bitcoin is to avoid centralized authority and personality cults, focusing on the technology and the community. Idolizing one figure, even symbolically, might detract from the decentralized ethos Nakamoto himself stood for.
Still, it’s a great way to remind people that everyone can contribute to something as transformative as Bitcoin!
Re: Lol. Trump "makes" his first bitcoin transaction.
"Trump using Bitcoin to buy hamburgers feels like a marketing stunt, right? While the symbolism is interesting, it's clear that he's trying to connect with Bitcoiners. But let's be real, it's not Trump who's doing the heavy lifting on the transaction. It makes for good headlines but maybe not the most authentic connection to the crypto community!"
August 2024 has been a rollercoaster for the altcoin market, marked by significant events and trends. The key focus has been on the Ethereum ecosystem, especially after the recent upgrade aimed at improving scalability and reducing gas fees. This upgrade has reignited interest in Layer 2 solutions, with Arbitrum and Optimism leading the charge.
In parallel, the DeFi sector saw a surge in activity, particularly with new liquidity protocols gaining traction. Meanwhile, Solana and Cardano continued to develop, with Solana's new partnerships driving up its TVL (Total Value Locked).
However, regulatory pressures, particularly from the SEC's scrutiny, created volatility, impacting several smaller altcoins. As always, traders should stay informed, especially with upcoming FOMC meetings that could influence market sentiment.
In parallel, the DeFi sector saw a surge in activity, particularly with new liquidity protocols gaining traction. Meanwhile, Solana and Cardano continued to develop, with Solana's new partnerships driving up its TVL (Total Value Locked).
However, regulatory pressures, particularly from the SEC's scrutiny, created volatility, impacting several smaller altcoins. As always, traders should stay informed, especially with upcoming FOMC meetings that could influence market sentiment.