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Please be aware: cryptocurrencies can fail due to lack of regulation
When we need to review a cryptocurrency if it’s legit or scam, we need to make sure to do a proper research. Like for every investment, we need to check it frequently and evaluate how to proceed. It is similar for Altcoins and very important.
Crypto currencies are a very fast evolving field of investment because of crypto technology.
Innovation is changing opportunities quickly and we need to select good Crypto coins for it.
Crypto is not regulated
Unfortunately, crypto coins are not regulated yet and we will see many fraud coins to be available for buy and we should avoid it. Due to a lack of regulation, we need to do a research ourselves and find out if a coin is legit or scam. Until coins are fully regulated, we need to do a research ourselves.
We should always review coins to prevent a loss. When a coin is reviewed badly by experts, like Tron and EOS have received bad reviews by experts, it is time to sell quickly.
But it’s even more important right now to sell all outdated Altcoin bags like Tron and EOS.
Why can unregulated Altcoins fail?
Altcoins are very volatile and many Altcoins have failed so far. Many ppl have lost money by holding failed coins. Altcoins are not regulated yet and it poses a big danger for us.
But how can we make sure to avoid such failing Altcoins?
We should have a very close look to such Altcoins and try to find out about very important details:
- Is it a promising coin where new technology is used? For example, Litecoin and Nano are using a very old technology.
- Are developers very experienced and professional to set up a good Code?
- Is it a coin involved in fraud (like BSV, Ripple or BCH)
- Is it a coin where security has been good or weak (avoid hacked coins)
Because if coins are not interesting, have not good tech or people are not interested in it, such coins will fail. Many coins are fraud, where we can’t trust owners.
When we have done our research, we can know why some coins will fail and how to avoid it.
Many coins have been started when Cryptocurrencies were less developed and much less innovative.
And here it is a big problem for many Altcoins: using outdated Blockchain technology.
A good example for such an issue is Tron.
Tron was developed from Justin Sun to compete against Ethereum 1.0.
But Tron was such a badly coded coin, it couldn't even compete against Ethereum and lost many marketcap against Ethereum.
Now, since Ethereum 2.0 is launched, Tron is completely embarrassed because of it's old tech.
Tron is based on an old technology where more innovative coins are outperforming Tron massively.
Tron is losing relevance very quickly compared to such new and more modern coins like Ethereum 2.0, Avalanche or Algorand.
One more old coin is EOS. It could not meet expectations and was even place 5 in market cap until it is now very irrelevant. People still holding EOS are having a big loss.
Lucky, who got out timely, to prevent a loss.
Conclusion
A lack of regulation is usually very bad for us because it enables fraud. Instead of an institution, where we can rely on, we have to do a research ourselves, which coins are fraud, outdated or just not good enough.
We should sell such outdated coins like Tron because such coins will become more and more obsolete over time.
Crypto currencies are a very fast evolving field of investment because of crypto technology.
Innovation is changing opportunities quickly and we need to select good Crypto coins for it.
Crypto is not regulated
Unfortunately, crypto coins are not regulated yet and we will see many fraud coins to be available for buy and we should avoid it. Due to a lack of regulation, we need to do a research ourselves and find out if a coin is legit or scam. Until coins are fully regulated, we need to do a research ourselves.
We should always review coins to prevent a loss. When a coin is reviewed badly by experts, like Tron and EOS have received bad reviews by experts, it is time to sell quickly.
But it’s even more important right now to sell all outdated Altcoin bags like Tron and EOS.
Why can unregulated Altcoins fail?
Altcoins are very volatile and many Altcoins have failed so far. Many ppl have lost money by holding failed coins. Altcoins are not regulated yet and it poses a big danger for us.
But how can we make sure to avoid such failing Altcoins?
We should have a very close look to such Altcoins and try to find out about very important details:
- Is it a promising coin where new technology is used? For example, Litecoin and Nano are using a very old technology.
- Are developers very experienced and professional to set up a good Code?
- Is it a coin involved in fraud (like BSV, Ripple or BCH)
- Is it a coin where security has been good or weak (avoid hacked coins)
Because if coins are not interesting, have not good tech or people are not interested in it, such coins will fail. Many coins are fraud, where we can’t trust owners.
When we have done our research, we can know why some coins will fail and how to avoid it.
Many coins have been started when Cryptocurrencies were less developed and much less innovative.
And here it is a big problem for many Altcoins: using outdated Blockchain technology.
A good example for such an issue is Tron.
Tron was developed from Justin Sun to compete against Ethereum 1.0.
But Tron was such a badly coded coin, it couldn't even compete against Ethereum and lost many marketcap against Ethereum.
Now, since Ethereum 2.0 is launched, Tron is completely embarrassed because of it's old tech.
Tron is based on an old technology where more innovative coins are outperforming Tron massively.
Tron is losing relevance very quickly compared to such new and more modern coins like Ethereum 2.0, Avalanche or Algorand.
One more old coin is EOS. It could not meet expectations and was even place 5 in market cap until it is now very irrelevant. People still holding EOS are having a big loss.
Lucky, who got out timely, to prevent a loss.
Conclusion
A lack of regulation is usually very bad for us because it enables fraud. Instead of an institution, where we can rely on, we have to do a research ourselves, which coins are fraud, outdated or just not good enough.
We should sell such outdated coins like Tron because such coins will become more and more obsolete over time.
Please be aware: cryptocurrencies can fail due to lack of regulation
When we need to review a cryptocurrency if it’s legit or scam, we need to make sure to do a proper research. Like for every investment, we need to check it frequently and evaluate how to proceed. It is similar for Altcoins and very important.
Crypto currencies are a very fast evolving field of investment because of crypto technology.
Innovation is changing opportunities quickly and we need to select good Crypto coins for it.
Crypto is not regulated
Unfortunately, crypto coins are not regulated yet and we will see many fraud coins to be available for buy and we should avoid it. Due to a lack of regulation, we need to do a research ourselves and find out if a coin is legit or scam. Until coins are fully regulated, we need to do a research ourselves.
We should always review coins to prevent a loss. When a coin is reviewed badly by experts, like Tron and EOS have received bad reviews by experts, it is time to sell quickly.
But it’s even more important right now to sell all outdated Altcoin bags like Tron and EOS.
Why can unregulated Altcoins fail?
Altcoins are very volatile and many Altcoins have failed so far. Many ppl have lost money by holding failed coins. Altcoins are not regulated yet and it poses a big danger for us.
But how can we make sure to avoid such failing Altcoins?
We should have a very close look to such Altcoins and try to find out about very important details:
- Is it a promising coin where new technology is used? For example, Litecoin and Nano are using a very old technology.
- Are developers very experienced and professional to set up a good Code?
- Is it a coin involved in fraud (like BSV, Ripple or BCH)
- Is it a coin where security has been good or weak (avoid hacked coins)
Because if coins are not interesting, have not good tech or people are not interested in it, such coins will fail. Many coins are fraud, where we can’t trust owners.
When we have done our research, we can know why some coins will fail and how to avoid it.
Many coins have been started when Cryptocurrencies were less developed and much less innovative.
And here it is a big problem for many Altcoins: using outdated Blockchain technology.
A good example for such an issue is Tron.
Tron was developed from Justin Sun to compete against Ethereum 1.0.
But Tron was such a badly coded coin, it couldn't even compete against Ethereum and lost many marketcap against Ethereum.
Now, since Ethereum 2.0 be launched, Tron is completely embarrassed because of it's old tech.
Tron is based on an old technology where more innovative coins are outperforming Tron massively.
Tron is losing relevance very quickly compared to such new and more modern coins like Ethereum 2.0, Avalanche or Algorand.
One more old coin is EOS. It could not meet expectations and was even place 5 in market cap until it is now very irrelevant. People still holding EOS are having a big loss.
Lucky, who got out timely, to prevent a loss.
Conclusion
A lack of regulation is usually very bad for us because it enables fraud. Instead of an institution, where we can rely on, we have to do a research ourselves, which coins are fraud, outdated or just not good enough.
We should sell such outdated coins like Tron because such coins will become more and more obsolete over time.
Crypto currencies are a very fast evolving field of investment because of crypto technology.
Innovation is changing opportunities quickly and we need to select good Crypto coins for it.
Crypto is not regulated
Unfortunately, crypto coins are not regulated yet and we will see many fraud coins to be available for buy and we should avoid it. Due to a lack of regulation, we need to do a research ourselves and find out if a coin is legit or scam. Until coins are fully regulated, we need to do a research ourselves.
We should always review coins to prevent a loss. When a coin is reviewed badly by experts, like Tron and EOS have received bad reviews by experts, it is time to sell quickly.
But it’s even more important right now to sell all outdated Altcoin bags like Tron and EOS.
Why can unregulated Altcoins fail?
Altcoins are very volatile and many Altcoins have failed so far. Many ppl have lost money by holding failed coins. Altcoins are not regulated yet and it poses a big danger for us.
But how can we make sure to avoid such failing Altcoins?
We should have a very close look to such Altcoins and try to find out about very important details:
- Is it a promising coin where new technology is used? For example, Litecoin and Nano are using a very old technology.
- Are developers very experienced and professional to set up a good Code?
- Is it a coin involved in fraud (like BSV, Ripple or BCH)
- Is it a coin where security has been good or weak (avoid hacked coins)
Because if coins are not interesting, have not good tech or people are not interested in it, such coins will fail. Many coins are fraud, where we can’t trust owners.
When we have done our research, we can know why some coins will fail and how to avoid it.
Many coins have been started when Cryptocurrencies were less developed and much less innovative.
And here it is a big problem for many Altcoins: using outdated Blockchain technology.
A good example for such an issue is Tron.
Tron was developed from Justin Sun to compete against Ethereum 1.0.
But Tron was such a badly coded coin, it couldn't even compete against Ethereum and lost many marketcap against Ethereum.
Now, since Ethereum 2.0 be launched, Tron is completely embarrassed because of it's old tech.
Tron is based on an old technology where more innovative coins are outperforming Tron massively.
Tron is losing relevance very quickly compared to such new and more modern coins like Ethereum 2.0, Avalanche or Algorand.
One more old coin is EOS. It could not meet expectations and was even place 5 in market cap until it is now very irrelevant. People still holding EOS are having a big loss.
Lucky, who got out timely, to prevent a loss.
Conclusion
A lack of regulation is usually very bad for us because it enables fraud. Instead of an institution, where we can rely on, we have to do a research ourselves, which coins are fraud, outdated or just not good enough.
We should sell such outdated coins like Tron because such coins will become more and more obsolete over time.
Here’s why Cloudmining or hosted mining is not profitable
Cloudmining or hosted mining is often recommended to generate good profits but let’s today check if and why Cloudmining or hosted mining is (not) profitable for interested people to generate a profit. Is it really a good idea to generate profits from Cloudmining or hosted mining?
After Bitcoin is already very established in 2025, it is not a niche anymore where we can make a profit easily, like from mining. In all belongs, current miners have to compete against highly competitive experts to get a new block.
How mining is working
Mining by itself is designed as a big competition: who will find and mine a new Bitcoin Block next? It is an essential question for mining because if you get a new Bitcoin Block mined, you are eligible for Bitcoin Block Rewards. Block Rewards are 3.125 Bitcoin per Block currently and it will get reduced to 1.675 BTC pro Block for next halving.
But here it is getting tricky: mining is a challenging competition and miners are top competition of professionals.
Mining is done under a very harsh competition where we need to compete against experienced businessmen and experienced coders
Mining is done by several experienced industrial and professional businesses under a very harsh competition where we need to compete against experienced businessmen and experienced coders. Top businessmen like from AntPool are very big players and can hire very experienced coders and technically experienced people, where we need to compete against in mining a block. It’s really a big competition.
Mining needs to be competitious and you need cheap electricity to make a good profit. You also need to have a modern miner to be competitious. After some time, new miners will be released where a better technology will create more hashpower.
When you look at a history chart of hashpower, it's always going up which is making mining more difficult.
It is very hard business because you are in competition against industrial and professional business who are able to hire experienced computer experts and finally, maybe you won't get your initial investment back. It is huge risk and can cause huge loss.
A middleman is necessary for Cloudmining or hosted mining
Cloudmining or hosted mining is designed to have a middleman in a factory where your miners are set up and operated by a professional. He will produce costs himself and his revenue share comes on top on your total mining profits.
Hosted miners or Cloud Miners will always charge a fee to set up and operate mining devices which will decrease your mining rewards even more.
If such costs gets too large, your overall profit will almost vanish and when mining business gets more competition, for example when a rising hashrate takes place or Bitcoin price is falling, your revenue share might vanish or turn into negative values because it is not profitable anymore to run your Cloudminers or hosted miners.
A cost for a middleman always comes on top on your total mining profits for Cloudminers or hosted miners and as a result, Cloudmining or hosted mining is simply not suited to receive a good and safe profit.
After Bitcoin is already very established in 2025, it is not a niche anymore where we can make a profit easily, like from mining. In all belongs, current miners have to compete against highly competitive experts to get a new block.
How mining is working
Mining by itself is designed as a big competition: who will find and mine a new Bitcoin Block next? It is an essential question for mining because if you get a new Bitcoin Block mined, you are eligible for Bitcoin Block Rewards. Block Rewards are 3.125 Bitcoin per Block currently and it will get reduced to 1.675 BTC pro Block for next halving.
But here it is getting tricky: mining is a challenging competition and miners are top competition of professionals.
Mining is done under a very harsh competition where we need to compete against experienced businessmen and experienced coders
Mining is done by several experienced industrial and professional businesses under a very harsh competition where we need to compete against experienced businessmen and experienced coders. Top businessmen like from AntPool are very big players and can hire very experienced coders and technically experienced people, where we need to compete against in mining a block. It’s really a big competition.
Mining needs to be competitious and you need cheap electricity to make a good profit. You also need to have a modern miner to be competitious. After some time, new miners will be released where a better technology will create more hashpower.
When you look at a history chart of hashpower, it's always going up which is making mining more difficult.
It is very hard business because you are in competition against industrial and professional business who are able to hire experienced computer experts and finally, maybe you won't get your initial investment back. It is huge risk and can cause huge loss.
A middleman is necessary for Cloudmining or hosted mining
Cloudmining or hosted mining is designed to have a middleman in a factory where your miners are set up and operated by a professional. He will produce costs himself and his revenue share comes on top on your total mining profits.
Hosted miners or Cloud Miners will always charge a fee to set up and operate mining devices which will decrease your mining rewards even more.
If such costs gets too large, your overall profit will almost vanish and when mining business gets more competition, for example when a rising hashrate takes place or Bitcoin price is falling, your revenue share might vanish or turn into negative values because it is not profitable anymore to run your Cloudminers or hosted miners.
A cost for a middleman always comes on top on your total mining profits for Cloudminers or hosted miners and as a result, Cloudmining or hosted mining is simply not suited to receive a good and safe profit.
In previous years, Bitcoin was known to be involved in many fraudulent activities such as Silk Road, which has been an illegal Darknet market for drugs and weapons. Bitcoin was a big strategy by criminals but luckily, Bitcoin has become more mainstream and criminals were caught. Today, Bitcoin is known for being a reliable digital transactions asset but still some Bitcoin is involved in criminal activities.
Reliable Blockchain companies such as Chainalysis have helped to discover more crimes and make Bitcoin more reliable.
Even if goods sold by criminals are cheaper, don’t buy such goods! Often, criminals have also sold some drugs or weapons previously and such Bitcoin will be from criminals.
Possibly, you’ll also get hacked if someone will place a malicious file in a mail attachement. Be very careful! Better safe than sorry!
It is up to us to improve Bitcoin and get rid from fraudulent and illegal activities involving Bitcoin. We should not support fraudulent and illegal activities, we should not protect criminals or scammers. Bitcoin is very useful but if some criminals will use Bitcoin to purchase a weapon, where possibly people are murdered from, Bitcoin will take damage and we should not support it.
Bitcoin has improved impressively since Silk Road was busted and Bitcoin growing will help Bitcoin to get independent from criminals and scammers.
Beginners should pay attention to avoid falling for criminals and scammers. Criminals and scammers are very deceitful.
Reliable Blockchain companies such as Chainalysis have helped to discover more crimes and make Bitcoin more reliable.
Even if goods sold by criminals are cheaper, don’t buy such goods! Often, criminals have also sold some drugs or weapons previously and such Bitcoin will be from criminals.
Possibly, you’ll also get hacked if someone will place a malicious file in a mail attachement. Be very careful! Better safe than sorry!
It is up to us to improve Bitcoin and get rid from fraudulent and illegal activities involving Bitcoin. We should not support fraudulent and illegal activities, we should not protect criminals or scammers. Bitcoin is very useful but if some criminals will use Bitcoin to purchase a weapon, where possibly people are murdered from, Bitcoin will take damage and we should not support it.
Bitcoin has improved impressively since Silk Road was busted and Bitcoin growing will help Bitcoin to get independent from criminals and scammers.
Beginners should pay attention to avoid falling for criminals and scammers. Criminals and scammers are very deceitful.
We have Bitcoin and it is a very good coin.
Many people are in favor of Bitcoin because it is a store of value and we can hedge inflation against it.
But many people are afraid of Bitcoin’s volatility because Bitcoin has been very volatile. For example, Bitcoin was at 69,000 USD last year in summer, at 95,000 USD last year around Christmas and is at 83,000 USD now. It is still very volatile.
To solve volatility, many people have bought so called stable coins.
A stable coin is a stable coin because it is stable - not volatile.
But when reviewing such a stable coin, we can spot many dangers.
Here is a list of important dangers but fore sure we might even find more dangers:
- stable coins might not be backed entirely / partially. In such a case it is a fraud coin because it's not backed and it can COLLAPSE
- stable coins might be operated by a fraudulent entity, where operators are not known and because of operator anonymity, operators can't be held responsible in any case of fraud / losses
- stable coins might not be regulated, resulting in a) not being backed (entirely) and / or b) being operated by a fraudulent entity
- closed source stablecoins might be fraud and we don't know it because of a lack of transparency
- stable coins are very often centralized, not decentralized like Bitcoin
- a stable coin can also collapse when it's technically flawed, like Terra Luna
Stablecoins are no solution
Stablecoins are no solution. It might be stable for some time and can work but at what cost? At a high cost!
Unbacked stablecoins should be illegal
Unbacked stablecoins should be illegal. Because why should it be allowed to provide such a crap and have no insurance?
Every distribution of stablecoins should prove a backing of such stablecoins.
Every stablecoin needs to be transparent about backing, technology and operators.
Operators need to be held accountable.
If it is a 1-Dollar stablecoin, it needs to be backed by 1 Dollar.
If it is not backed, it should not be allowed to be traded because it is huge risk for buyers in case it is getting hacked or collapsing.
For our coins to be safe, we need to avoid unbacked stable coins because of risk.
Many people are in favor of Bitcoin because it is a store of value and we can hedge inflation against it.
But many people are afraid of Bitcoin’s volatility because Bitcoin has been very volatile. For example, Bitcoin was at 69,000 USD last year in summer, at 95,000 USD last year around Christmas and is at 83,000 USD now. It is still very volatile.
To solve volatility, many people have bought so called stable coins.
A stable coin is a stable coin because it is stable - not volatile.
But when reviewing such a stable coin, we can spot many dangers.
Here is a list of important dangers but fore sure we might even find more dangers:
- stable coins might not be backed entirely / partially. In such a case it is a fraud coin because it's not backed and it can COLLAPSE
- stable coins might be operated by a fraudulent entity, where operators are not known and because of operator anonymity, operators can't be held responsible in any case of fraud / losses
- stable coins might not be regulated, resulting in a) not being backed (entirely) and / or b) being operated by a fraudulent entity
- closed source stablecoins might be fraud and we don't know it because of a lack of transparency
- stable coins are very often centralized, not decentralized like Bitcoin
- a stable coin can also collapse when it's technically flawed, like Terra Luna
Stablecoins are no solution
Stablecoins are no solution. It might be stable for some time and can work but at what cost? At a high cost!
Unbacked stablecoins should be illegal
Unbacked stablecoins should be illegal. Because why should it be allowed to provide such a crap and have no insurance?
Every distribution of stablecoins should prove a backing of such stablecoins.
Every stablecoin needs to be transparent about backing, technology and operators.
Operators need to be held accountable.
If it is a 1-Dollar stablecoin, it needs to be backed by 1 Dollar.
If it is not backed, it should not be allowed to be traded because it is huge risk for buyers in case it is getting hacked or collapsing.
For our coins to be safe, we need to avoid unbacked stable coins because of risk.
⭐ Merited by 1miau (24)
Like for every investment, you need to check it frequently and evaluate how to proceed. It is similar for Altcoins and very important.
Crypto currencies are a very fast evolving field of investment because of tech.
Innovation is changing opportunities quickly and we need to select good Altcoins for it.
If our bags are still loaded and we have many of such outdated Altcoins, we sit already at a loss. But we should prevent to get more loss by selling our bags and exchange it to a more reliable (Bitcoin) or innovative (Ethereum, Avalanche, Algorand) coin.
And next time, we should always review coins to prevent a loss. When a coin is reviewed badly by experts, like Tron and EOS have received bad reviews by experts, it is time to sell quickly.
But its even more important right now to sell all outdated Altcoin bags like Tron and EOS.
Why can Altcoins fail?
Altcoins are very volatile and many Altcoins have failed so far. Many ppl have lost money by holding failed coins.
But how can we make sure to avoid such failing Altcoins?
We should have a very close look to such Altcoins and try to find out about very important details:
- Is it a promising coin where new technology is used? For example, Litecoin and Nano are using a very ild technology.
- Are developers very experienced and professional to set up a good Code?
- Is it a coin involved in fraud (like BSV, Ripple or BCH)
- Is it a coin where security has been good or weak (avoid hacked coins)
Because if coins are not interesting, have not good tech or people are not interested in it, such coins will fail.
When we have done our research, we can know why some coins will fail and how to avoid it.
Many coins have been started when Cryptocurrencies were less developed and much less innovative.
And here it is a big problem for many Altcoins: using outdated Blockchain technology.
A good example for such an issue is Tron.
Tron was developed from Justin Sun to compete against Ethereum 1.0.
But Tron was such a badly coded coin, it couldn't even compete against Ethereum and lost many marketcap against Ethereum.
Now, since Ethereum 2.0 is launched, Tron is completely embarrassed because of it's old tech.
Tron is based on an old technology where more innovative coins are outperforming Tron massively.
Tron is losing relevance very quickly compared to such new and more modern coins like Ethereum 2.0, Avalanche or Algorand.
One more old coin is EOS. It could not meet expectations and was even place 5 in market cap until it is now very irrelevant. People still holding EOS are having a big loss.
Lucky, who got out timely, to prevent a loss.
Crypto currencies are a very fast evolving field of investment because of tech.
Innovation is changing opportunities quickly and we need to select good Altcoins for it.
If our bags are still loaded and we have many of such outdated Altcoins, we sit already at a loss. But we should prevent to get more loss by selling our bags and exchange it to a more reliable (Bitcoin) or innovative (Ethereum, Avalanche, Algorand) coin.
And next time, we should always review coins to prevent a loss. When a coin is reviewed badly by experts, like Tron and EOS have received bad reviews by experts, it is time to sell quickly.
But its even more important right now to sell all outdated Altcoin bags like Tron and EOS.
Why can Altcoins fail?
Altcoins are very volatile and many Altcoins have failed so far. Many ppl have lost money by holding failed coins.
But how can we make sure to avoid such failing Altcoins?
We should have a very close look to such Altcoins and try to find out about very important details:
- Is it a promising coin where new technology is used? For example, Litecoin and Nano are using a very ild technology.
- Are developers very experienced and professional to set up a good Code?
- Is it a coin involved in fraud (like BSV, Ripple or BCH)
- Is it a coin where security has been good or weak (avoid hacked coins)
Because if coins are not interesting, have not good tech or people are not interested in it, such coins will fail.
When we have done our research, we can know why some coins will fail and how to avoid it.
Many coins have been started when Cryptocurrencies were less developed and much less innovative.
And here it is a big problem for many Altcoins: using outdated Blockchain technology.
A good example for such an issue is Tron.
Tron was developed from Justin Sun to compete against Ethereum 1.0.
But Tron was such a badly coded coin, it couldn't even compete against Ethereum and lost many marketcap against Ethereum.
Now, since Ethereum 2.0 is launched, Tron is completely embarrassed because of it's old tech.
Tron is based on an old technology where more innovative coins are outperforming Tron massively.
Tron is losing relevance very quickly compared to such new and more modern coins like Ethereum 2.0, Avalanche or Algorand.
One more old coin is EOS. It could not meet expectations and was even place 5 in market cap until it is now very irrelevant. People still holding EOS are having a big loss.
Lucky, who got out timely, to prevent a loss.
⭐ Merited by 1miau (24)
New innovation is leading to new Altcoins and developers anticipating innovation faster is a big part of development strategy.
Weed out old and outdated coins
Many coins have been started when Cryptocurrencies were less developed and much less innovative.
And here it is a big problem for many Altcoins: using outdated Blockchain technology.
A good example for such an issue is Tron.
Tron was developed from Justin Sun to compete against Ethereum 1.0.
But Tron was such a badly coded coin, it couldn't even compete against Ethereum and lost many marketcap against Ethereum.
Now, since Ethereum 2.0 is launched, Tron is completely embarrassed because of its old tech.
Tron is based on an old technology where more innovative coins are outperforming Tron massively.
Tron is losing relevance very quickly compared to such new and more modern coins like Ethereum 2.0, Avalanche or Algorand.
One more old coin is EOS. It could not meet expectations and was even place 5 in market cap until it is now very irrelevant. People still holding EOS are having a big loss.
Lucky, who got out timely, to prevent a loss.
Conclusion
We should sell such outdated coins like Tron because such coins will become more and more obsolete over time.
Weed out old and outdated coins
Many coins have been started when Cryptocurrencies were less developed and much less innovative.
And here it is a big problem for many Altcoins: using outdated Blockchain technology.
A good example for such an issue is Tron.
Tron was developed from Justin Sun to compete against Ethereum 1.0.
But Tron was such a badly coded coin, it couldn't even compete against Ethereum and lost many marketcap against Ethereum.
Now, since Ethereum 2.0 is launched, Tron is completely embarrassed because of its old tech.
Tron is based on an old technology where more innovative coins are outperforming Tron massively.
Tron is losing relevance very quickly compared to such new and more modern coins like Ethereum 2.0, Avalanche or Algorand.
One more old coin is EOS. It could not meet expectations and was even place 5 in market cap until it is now very irrelevant. People still holding EOS are having a big loss.
Lucky, who got out timely, to prevent a loss.
Conclusion
We should sell such outdated coins like Tron because such coins will become more and more obsolete over time.
⭐ Merited by 1miau (14)
After Bitcoin is already very established in 2024, it is not a niche anymore where we can make a profit easily, like from mining. In all belongs, current miners have to compete against highly competitive experts to get a new block.
Mining itself is a big competition
Mining by itself is designed as a big competition: who will find and mine a new Bitcoin Block next? It is an essential question for mining because if you get a new Bitcoin Block mined, you are eligible for Bitcoin Block Rewards. Block Rewards are 3.125 Bitcoin per Block currently and it will get reduced to 1.5625 BTC pro Block in 2028.
But here it is getting tricky: mining is a challenging competition and miners are top competition of professionals.
Mining is done under a very harsh competition where we need to compete against experienced businessmen and experienced coders
Mining is done by several experienced industrial and professional businesses under a very harsh competition where we need to compete against experienced businessmen and experienced coders. Top businessmen like from AntPool are very big players and can hire very experienced coders and technically experienced people, where we need to compete against in mining a block. It’s really a big competition.
Mining needs to be competitious and you need cheap electricity to make a good profit. You also need to have a modern miner to be competitious. After some time, new miners will be released where a better technology will create more hashpower.
When you look at a history chart of hashpower, it's always going up which is making mining more difficult.
It is very hard business because you are in competition against industrial and professional business who are able to hire experienced computer experts and finally, maybe you won't get your initial investment back. It is huge risk and can cause huge loss.
Mining is simply not for Beginners as all miners will face experienced industrial and professional businesses competing to mine a new Bitcoin Block.
Mining itself is a big competition
Mining by itself is designed as a big competition: who will find and mine a new Bitcoin Block next? It is an essential question for mining because if you get a new Bitcoin Block mined, you are eligible for Bitcoin Block Rewards. Block Rewards are 3.125 Bitcoin per Block currently and it will get reduced to 1.5625 BTC pro Block in 2028.
But here it is getting tricky: mining is a challenging competition and miners are top competition of professionals.
Mining is done under a very harsh competition where we need to compete against experienced businessmen and experienced coders
Mining is done by several experienced industrial and professional businesses under a very harsh competition where we need to compete against experienced businessmen and experienced coders. Top businessmen like from AntPool are very big players and can hire very experienced coders and technically experienced people, where we need to compete against in mining a block. It’s really a big competition.
Mining needs to be competitious and you need cheap electricity to make a good profit. You also need to have a modern miner to be competitious. After some time, new miners will be released where a better technology will create more hashpower.
When you look at a history chart of hashpower, it's always going up which is making mining more difficult.
It is very hard business because you are in competition against industrial and professional business who are able to hire experienced computer experts and finally, maybe you won't get your initial investment back. It is huge risk and can cause huge loss.
Mining is simply not for Beginners as all miners will face experienced industrial and professional businesses competing to mine a new Bitcoin Block.
Many people are still not sure how to get good profits from Bitcoin. Doing a good research is often difficult and some people want to make a profit by mining.
But is it really a good idea to generate profits from mining?
For mining, it needs to be mentioned to know about very technical details.
Normal people would hire or call a computer specialist to set it up and whenever a problem arises, you need to call him, which will cause extra costs.
Mining is involved directly in Computer Technology and requires special technical knowledge most common people don't have, if not studied.
Hosted miners or Cloud Miners are even charging a fee to set up and operate mining devices which will decrease your mining rewards even more but you won't have to care for technical details to set it up and maintain it.
But is it really a good idea to generate profits from mining?
For mining, it needs to be mentioned to know about very technical details.
Normal people would hire or call a computer specialist to set it up and whenever a problem arises, you need to call him, which will cause extra costs.
Mining is involved directly in Computer Technology and requires special technical knowledge most common people don't have, if not studied.
Hosted miners or Cloud Miners are even charging a fee to set up and operate mining devices which will decrease your mining rewards even more but you won't have to care for technical details to set it up and maintain it.
MOVED: We need to support honest developers programming Open Source programs
Re: We need to support honest developers programming Open Source programs
i do agree with your Topic but why u dont start to support Bitcointalk forum 1st by buying a Copper membership
Then start to support other things around
Then start to support other things around
A Copper membership is not necessary for me, as I am already an enrichment enough for the forum through my quality contributions.
Furthermore, the average Bitcointalk user does not have a Copper membership either.
⭐ Merited by 1miau (14)
We have Bitcoin and it is a very good coin.
Many people are in favor of Bitcoin because it is a store of value and we can hedge inflation against it.
But many people are afraid of Bitcoin’s volatility because Bitcoin has been very volatile. For example Bitcoin was at 31,000 USD last year in summer, at 42,000 USD last year around christmas and is at 69,000 USD now. It is still very volatile.
To solve volatility, many people have bought so called stable coins.
A stable coin is a stable coin because it is stable - not volatile. But when reviewing such a stable coin, we can spot many dangers:
Stablecoins are no solution
Stablecoins are no solution. It might be stable for some time and can work but at what cost? At a high cost!
Unbacked stablecoins should be illegal
Unbacked stablecoins should be illegal. Because why should it be allowed to provide such a crap and have no insurance?
Every distributir of stablecoins should prove a backing of such stablecoins.
I fit is a 1-Dollar stablecoin, it needs tob e backed by 1 dollar.
If it‘ not backed, it should not be allowed tob e traded because it is huge risk for boyers in case it is getting hacked or collapsing.
For our coins to be safe, we need to avoid unbacked stable coins because of risk.
Many people are in favor of Bitcoin because it is a store of value and we can hedge inflation against it.
But many people are afraid of Bitcoin’s volatility because Bitcoin has been very volatile. For example Bitcoin was at 31,000 USD last year in summer, at 42,000 USD last year around christmas and is at 69,000 USD now. It is still very volatile.
To solve volatility, many people have bought so called stable coins.
A stable coin is a stable coin because it is stable - not volatile. But when reviewing such a stable coin, we can spot many dangers:
Stablecoins are no solution
Stablecoins are no solution. It might be stable for some time and can work but at what cost? At a high cost!
Unbacked stablecoins should be illegal
Unbacked stablecoins should be illegal. Because why should it be allowed to provide such a crap and have no insurance?
Every distributir of stablecoins should prove a backing of such stablecoins.
I fit is a 1-Dollar stablecoin, it needs tob e backed by 1 dollar.
If it‘ not backed, it should not be allowed tob e traded because it is huge risk for boyers in case it is getting hacked or collapsing.
For our coins to be safe, we need to avoid unbacked stable coins because of risk.
How can we act against scammers, hackers and criminals?
⭐ Merited by 1miau (40)
Scammers, hackers and criminals are a big issue in crypto and every day, we can have bad luck tob e affected.
Many people are getting scammed daily.
Even, if you are aware of scammers and you don’t fall for any scam, it is still possible to be targeted by hackers.
Because hackers are knowing very well about malicious code and
Some sites are very risky because of download and even when you don’t know it, it can be a dangerous situation for your device.
Avoid risky sites and downloads
A big trap are malicious sites and downloads. Hackers and criminals like such risky sites and malicious downloads to infect our device and if it’s successfull we will suffer a lot.
Conclusion: avoid risky sites and avoid downloads.
It will improve our safety from hackers and criminals.
However, even avoiding risky sites and downloads is sometimes not enough because hackers are really educated to target someone.
Avoid Darknet sites
An important point is to avoid Darknet sites, where many hackers and criminals are active. Not necessarily scammers but mainly hackers and criminals.
Because Darknet is a space, where criminal business goes unnoticed. We need to be very carful to avoid it because of malware link, hack and criminals.
Our best proceed is to avoid any Darknet sites enitrely and if we avoid it, we won’t get any malicious malware on our device or similar.
Luckily, Darknet is very difficult to reach and you need certains programs for it.
Do not legitimize scammers, hackers and criminals
It is always easy to let scammers escape from it, if we are not affected. But once we are affected, it is really a big issue. And Crypto is suffering from a lot from criminal activites, no matter if on Telegram, on lots of malicious download sites, from fraud altcoins, from malware link, from exchange hack or even here on Bitcointalk.
Unfortunately, hacks or criminal activity is downplayed often. It should not be downplayed because it’s massively harmful. No one needs scammers, hackers and criminals.
We need to call out malicious people and criminal activities, not downplay it. We need to combat it, too.
We need to find solutions how to stop scammers, hackers and criminals
Finding solutions how to stop scammers, hackers and criminals is very important for everyone.
After more people realize how important it is to stop criminals, we need solutions to do so. Bitcointalk has a scam accusations board, where we can report scammers, create reports and distribute negative trust. Finally, after an online research, scammer’s homes can be prosecuted and scammers can be sent to prison.
Because scammers, hackers and criminals need to be punished for doing massive harm.
Straight to jail.
Create awareness against scammers, hackers and criminals
We need to create awareness against scammers because everyone needs to know it is a big danger.
We need to mention it often and try to find solutions against scammers, hackers and criminals.
If scammers, hackers and criminals are not succesful, doing business will get more difficult for such shady people.
We need to be woke about it because a scammer, a criminal and a hacker can be everywhere. Crypto is heavily targeted by scammers because it’s directly rewarding any hack or criminla activity, where Crypto Currencies are obtained.
Many people are getting scammed daily.
Even, if you are aware of scammers and you don’t fall for any scam, it is still possible to be targeted by hackers.
Because hackers are knowing very well about malicious code and
Some sites are very risky because of download and even when you don’t know it, it can be a dangerous situation for your device.
Avoid risky sites and downloads
A big trap are malicious sites and downloads. Hackers and criminals like such risky sites and malicious downloads to infect our device and if it’s successfull we will suffer a lot.
Conclusion: avoid risky sites and avoid downloads.
It will improve our safety from hackers and criminals.
However, even avoiding risky sites and downloads is sometimes not enough because hackers are really educated to target someone.
Avoid Darknet sites
An important point is to avoid Darknet sites, where many hackers and criminals are active. Not necessarily scammers but mainly hackers and criminals.
Because Darknet is a space, where criminal business goes unnoticed. We need to be very carful to avoid it because of malware link, hack and criminals.
Our best proceed is to avoid any Darknet sites enitrely and if we avoid it, we won’t get any malicious malware on our device or similar.
Luckily, Darknet is very difficult to reach and you need certains programs for it.
Do not legitimize scammers, hackers and criminals
It is always easy to let scammers escape from it, if we are not affected. But once we are affected, it is really a big issue. And Crypto is suffering from a lot from criminal activites, no matter if on Telegram, on lots of malicious download sites, from fraud altcoins, from malware link, from exchange hack or even here on Bitcointalk.
Unfortunately, hacks or criminal activity is downplayed often. It should not be downplayed because it’s massively harmful. No one needs scammers, hackers and criminals.
We need to call out malicious people and criminal activities, not downplay it. We need to combat it, too.
We need to find solutions how to stop scammers, hackers and criminals
Finding solutions how to stop scammers, hackers and criminals is very important for everyone.
After more people realize how important it is to stop criminals, we need solutions to do so. Bitcointalk has a scam accusations board, where we can report scammers, create reports and distribute negative trust. Finally, after an online research, scammer’s homes can be prosecuted and scammers can be sent to prison.
Because scammers, hackers and criminals need to be punished for doing massive harm.
Straight to jail.
Create awareness against scammers, hackers and criminals
We need to create awareness against scammers because everyone needs to know it is a big danger.
We need to mention it often and try to find solutions against scammers, hackers and criminals.
If scammers, hackers and criminals are not succesful, doing business will get more difficult for such shady people.
We need to be woke about it because a scammer, a criminal and a hacker can be everywhere. Crypto is heavily targeted by scammers because it’s directly rewarding any hack or criminla activity, where Crypto Currencies are obtained.
We need to support honest developers programming Open Source programs
⭐ Merited by 1miau (15)
Blockchain is very famous now because many voluntary developers helped to code programs around it very early. Bitcoin's infrastructure is well established and we can select from a wide range of very secure programs like Bitcoin Core, Electrum, Wasabi Wallet or Mycelium.
Many new features have been launched from Bitcoin's code itself, like Segwit or Taproot.
Not limited to Bitcoin, Open Source coders have contributed a lot, like Firefox Browser, DuckDuck Go search engine, Tor Browser or even Linux.
Honest developers are always big contributors, especially for Bitcoin’s success but not limited to it.
Why Open Source programs?
Programs coded as Open Source code are programs, where every coder can review it independently and look into it. Often, it is hosted on GitHub, a famous programmer website.
Open Source code is important for many reasons:
- Malicious code can be identified from experienced programmers– if it's closed, nobody will know about it
- Potential security risks can be identified quickly
Open source code programs should always be our selection of choice. Open Source code programs are very reliable, if reviewed from multiple programmers and established for a long time. Of course, we still should do our own research because Open Source code is no guarantee.
We need to support honest developers programming Open Source programs
We can also vote our support: decide for better, Open Source programs from honest developers. By doing so, we can make such programs more popular and more established by giving recommendations for such programs and advise against big corporate products:
Support Electrum instead of Blockchain.com wallet
Support Firefox Browser instead of Google Chrome Browser
Support DuckDuck Go search engine instead of Google search
Support Gimp drawing tool instead of Photoshop
…
We have so many options to support honest developers by deciding for their Open Source programs and against big, corporate products.
It is important for us to keep supporting honest developers and Open Source code.
Many new features have been launched from Bitcoin's code itself, like Segwit or Taproot.
Not limited to Bitcoin, Open Source coders have contributed a lot, like Firefox Browser, DuckDuck Go search engine, Tor Browser or even Linux.
Honest developers are always big contributors, especially for Bitcoin’s success but not limited to it.
Why Open Source programs?
Programs coded as Open Source code are programs, where every coder can review it independently and look into it. Often, it is hosted on GitHub, a famous programmer website.
Open Source code is important for many reasons:
- Malicious code can be identified from experienced programmers– if it's closed, nobody will know about it
- Potential security risks can be identified quickly
Open source code programs should always be our selection of choice. Open Source code programs are very reliable, if reviewed from multiple programmers and established for a long time. Of course, we still should do our own research because Open Source code is no guarantee.
We need to support honest developers programming Open Source programs
We can also vote our support: decide for better, Open Source programs from honest developers. By doing so, we can make such programs more popular and more established by giving recommendations for such programs and advise against big corporate products:
Support Electrum instead of Blockchain.com wallet
Support Firefox Browser instead of Google Chrome Browser
Support DuckDuck Go search engine instead of Google search
Support Gimp drawing tool instead of Photoshop
…
We have so many options to support honest developers by deciding for their Open Source programs and against big, corporate products.
It is important for us to keep supporting honest developers and Open Source code.
It's funny to see that October is the most successful month for Bitcoin. This has probably already become firmly anchored in people's minds, so that all market participants act accordingly. A self-fulfilling prophecy in that sense.
Hallo people,
I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?
I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?
Congratulations on your successful entry into the crypto market. I would recommend dividing your investment into many parts. Then you can invest in BTC at regular intervals. This way you reduce the risk of strong price fluctuations and get a better average price. For this strategy, it is important to buy BTC regularly in equal amounts. Provided you are positive about Bitcoin and its development in the long term.
...
Which one is better if I want to invest and trade bitcoins.
Which one is better if I want to invest and trade bitcoins.
If you plan to invest and trade in Bitcoins, it is important to consider your own goals and risk tolerance. Investing is long-term and has a lower risk tendency, while trading is short-term and involves higher risk. Both approaches can be profitable if the right strategy is followed. It might make sense to start with a mix of both and adjust your strategy over time.
Cryptocurrency:
Which one do you prefer?
[/quote
Crypto can offer high potential returns, but it's also highly volatile and speculative. Real estate tends to be more stable, and it can provide rental income along with potential appreciation in property value. I would recommend a healthy mix of both values. This way, you have the potential to earn high returns as well as experience a certain degree of stable money store through the real estates.
Which one do you prefer?
[/quote
Crypto can offer high potential returns, but it's also highly volatile and speculative. Real estate tends to be more stable, and it can provide rental income along with potential appreciation in property value. I would recommend a healthy mix of both values. This way, you have the potential to earn high returns as well as experience a certain degree of stable money store through the real estates.
...and that is the process of the price going even higher, BTC is now at a price of $34,274 which previously rose high to a price of $35,280 and the difference is not that big either. I and others also hope that the selling pressure will decrease and become smaller so that an upward reversal occurs quickly and the price rises to 40K in the near future.
Apart from expecting less selling pressure in the next two months, we also need to expect higher buying pressure in the next two months so that the Bitcoin price increase can continue to rise above the current price and head towards $40K. Because that is a more logical hope this year than too much hope for Bitcoin, apart from that we also need to hope that there will be encouragement from many investors who are specifically targeting Bitcoin for a more real price increase in the next two months.In addition, the macro market must also be taken into account. And here things are not looking too promising at the moment. The tense geographical situation and the financial market currently tend to assume a declining market. But maybe this time it will be different and the market will take refuge in hard assets, including bitcoin.