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Showing 20 of 2,025 results by aruldaroy
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Board Bitcoin Discussion
UK Makes Rules About Crypto
by
aruldaroy
on 28/03/2022, 05:21:14 UTC
The UK government plans to release regulations on the cryptocurrency market.
All of this is done to control the flow of digital currency funds.
Four sources told CNBC International that the rules will focus on a type of token known as a stablecoin.  They say this regulation will tend to benefit the industry by providing legal clarity for a sector that has so far been largely under-regulated.
And UK Treasury Secretary Rishi Sunak is also expected to make an announcement in the next few weeks about a new regulatory regime for cryptocurrencies.


In your opinion does this become one of the new supports for the development of bitcoin in the future?
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Topic
Board Altcoin Discussion
Re: ETH is a centralized SCAM and will drop to $30 again
by
aruldaroy
on 28/03/2022, 05:08:33 UTC
it is not so easy to find a project that will eventually cost about as much as ETH, because there are a lot of projects based on smart contracts now, and the value of such projects is not as high as that of the founder in this area of ETH.
No project for now but for sure in the future, many will challenge ETH so there’s a chance for a new project to replace ETH especially if they failed on their updates. This is not a scam though and I don’t think this is centralized, they team works on this to be decentralized and this is why many supports ETH, we should not mislead other people here.

There are many ETH supporters because they know what ETH's power is.
Because the Ethereum blockchain has always collaborated with every project they build.
So even if someone says that if you wait there will be someone who can compete with ETH maybe because of the price but not with the blockchain system.
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Topic
Board Speculation
Re: Bitcoin Price.
by
aruldaroy
on 28/03/2022, 04:01:31 UTC
At first I thought that as long as conditions in Ukraine were not conducive the price of bitcoin would not increase but it turned out that all of this was wrong because lately the price of bitcoin has been able to rise drastically even though the war between Russia and Ukraine is not over yet. today the price of bitcoin went up very drastically and the price of bitcoin was back above $45k, most likely the price increase that occurred during the last week could be a sign that the bearish phase will end soon.
Well as I have noticed, bitcoin price and the war between the two countries have nothing to do with it. Bitcoin price will increase due to the demand and even there is a war, bitcoin was still useful to them and there are too many people using it, especially donating funds to Ukraine.
Now, bitcoin shows resistance and at the range of $45k in the market which is I believe will not down far at this price range that recently had. Let us wait the moment when bitcoin is on the bull trend and I think it is near to come.
Still, the increase in the price of bitcoin cannot be accurately predicted what causes the price of bitcoin to rise in my opinion because many are buying because of the good news about Russia.
because the Russian government is planning to use this cryptocurrency as a means of payment for buying and selling crude oil, and a lot of good news about bitcoin will be a good sentiment for other cryptocurrencies, and the bitcoin price is currently approaching 47k which I think will be heading to 50k in the near future.

To this day the price of bitcoin is still around $47000 and I'm also sure that this month the bitcoin price will be able to pass $50k.
The current market situation has started to bounce back and this is a sign that there will be good news for the altcoin market as well.
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Topic
Board Altcoin Discussion
Re: Investment: 10.000 € - best performing coins during next 12 months
by
aruldaroy
on 27/03/2022, 12:02:53 UTC
I prefer to go to Luna Tera and Solana because I think both altcoins have potential
for the next few months and for the future I am very sure that Solana will continue to live and the price will continue to increase.
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Topic
Board Altcoin Discussion
Re: Will NFTs be available on Instagram soon?
by
aruldaroy
on 27/03/2022, 02:43:04 UTC
It's interesting because he's mentioned the possibility of actually minting the NFTs, which is quite different to what twitter is supporting right now which is simply a verified status of the NFT holders.

I think that this could be a great move, although obviously the reputation of Meta is not the best.

Web2 companies are now desperately trying to move towards Web3 as fast as they can, because they understand that being slow will leave them behind and hit their future growth prospects HARD.
Well, the truth is that I don't see that everything related to NFT will be possible soon on Instagram, not at least until everything related to NFT is launched, if this happens, it is likely that it will, just for the simple reason that NFTs do not have very good reputation for everything that happened in 2021, however NFTs have been getting ahead thanks to platforms in casinos like Rollbit that have made them believe in NFT again, but of course it is different because all the responsibility that arises is assumed by the platform, and this is something else, because trust increases and since they have a high reputation in the forum, customers believe in them much more. But for now it is very difficult for us to see NFT on Instagram, at least that is my perception.


I'm sure it's still too far. what will be the goal of Instagram with NFT? become a marketplace? wouldn't that be a shift from social media to an NFT trading marketplace? if possible. it could just be a trash can holding the NFT of anyone who freely creates and uploads it.

Yeah I don't think that's possible either
Instagram is indeed a popular medium and is used by many people but recognizing them on NFT through Instagram media I think it's just a waste of time because other NFTs will be born that imitate this NFT just to get their benefit and spam will occur because they create and upload it  freely and publicly.
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Topic
Board Bitcoin Discussion
Re: U.S. Secretary of the Treasury recognizes the benefits of cryptocurrencies
by
aruldaroy
on 27/03/2022, 01:22:14 UTC
everyone will eventually realize the benefits of cryptocurrencies in stages.
Like what has happened in Ukraine and Russia, they are now aware of and embrace bitcoin because they realize that it is very important for their country and bitcoin is ultimately what saves their finances and their other economies.
And day by day crypto will be more and more expected in any country and I'm sure of that.
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Topic
Board Speculation
Re: What is holding back the price of bitcoin now?
by
aruldaroy
on 27/03/2022, 00:56:43 UTC
If according to technical analysis, the price of bitcoin is currently still in a safe zone to enter the bullrun again,
it is currently experiencing a decline because at the price of $45000 it is a heavy resistance from Bitcoin,
3 times the price of $45000 has failed to penetrate, I hope this decline is a healthy correction , and Bitcoin can break through $45000 again.

For sure it will happen $45000 will still be reachable by bitcoin price for this month or next month.
Every decline that occurs there will be a reciprocal correction in the future.
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Topic
Board Bitcoin Discussion
Re: Crypto ads targeted NBA?
by
aruldaroy
on 25/03/2022, 05:25:03 UTC
I was watching some NBA highlights and in this video, I saw the "FTX" in the background and I was happy so I shared it here.

https://www.youtube.com/watch?v=zF-L2_obmBo



Out of curiosity, do you guys have an idea of what crypto projects are using NBA for advertising?
I know this entails big money, so projects who can afford to advertise in NBA are mostly a real deal project for sure.

Kalou I think is currently an NFT project that handles the NBA for advertising.
 It does cost a lot of money because it uses blockchain technology to allow users to buy
"moments" and these moments can be collected or sold on the secondary market in NBA Top Shot.
Post
Topic
Board Speculation (Altcoins)
Re: Shiba INU Losing its Grip Over the Bullish Momentum, Will SHIB Price plunge hard
by
aruldaroy
on 25/03/2022, 05:04:45 UTC
Shiba was never really a serious coin that should be going high anyway. I hope that it goes down a lot and stops taking money from crypto investors. You have to realize that when there is money going towards these type of shitcoins, that money is taken out of crypto market for some time, and all those people who lost money will have a hesitation to get back in. Not all of them really, but most of them and that means we are missing some amount of money that could have been used otherwise.

This is the simple reason and based on that I believe that all those shitcoins that ended up not being high at all, should be gone and crash and just be zero hopefully, just so we could focus on the real good ones.
While you are right the truth is that if those people did not lost their money with Shiba then they would have lost it to another altcoin, after all those people were not really interested in investing in bitcoin at all or in other established altcoins, they want to take the risk and the potential profits this could bring, now it is obvious they are doing this without understanding all the risks they are taking, but that is their choice, so the fact they picked Shiba does not really change anything at all, since those people would have lost their money in the markets and develop misgivings about the market anyway.

As long as we don't invest in the right way, we will choose the wrong coins and end up experiencing losses. Because coins like Shiba Inu will appear
more and more and if we are not careful, then we will choose the wrong coins for investment. So actually the most important thing is that we must
first learn about the crypto world and improve our analytical skills. This is important for all of us, because with good knowledge and analytical skills,
it will allow us to choose coins that are suitable for investment. So don't invest because we are influenced by other people's opinions. Moreover,
it is very dangerous if we fall into the trap of influencers who direct us to invest in the coins they promote. So I'm very happy if see the price of
Shiba Inu keep dropping, that at least prevents many people from buying Shiba Inu, because I don't think pump and dump coins like Shiba Inu are
worth buying. Because there are many other coins that are worth buying and have a bright future. Instead of investing in Shiba Inu, why not invest
in the top 10 altcoins which are obviously much safer and have lower risk.

What you say is very true, therefore we should not easily fall in love with a new coin, even though the price is good, we do not know what the potential of the coin will be in the future.
It is better if we invest in altcoins that are certain and the risks are not too complicated.
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Topic
Board Altcoin Discussion
Re: PUBG Publisher Krafton Partners With Solana Labs
by
aruldaroy
on 25/03/2022, 04:36:36 UTC
It's crazy not to play when the PUBG game lovers play the game with millions of users who have fallen in love with the PUBG game and even now they don't hesitate to join the NFT metaverse game and I believe this really encourages the development of the Solana project in the future to be better known  many more people.
And the NFT market will also be more crowded and lively.

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Topic
Board Bitcoin Discussion
Re: Btc and usdt people trust
by
aruldaroy
on 25/03/2022, 04:21:21 UTC
I honestly think of USDT when I go to the P2P exchange. If I was given a choice between Bitcoin and USDT, without hesitation I would choose Bitcoin. But as OP says, traders wait for the bitcoin price to drop to buy more with their USDT pair. Without Bitcoin in the crypto market it would not be as we know it. All other coins depend a lot on the address where bitcoin is moving.

Yes all other altcoins are very dependent on the price of bitcoin.
Because without bitcoin in the market like there is no power and so is USDT.
Markets without USDT I feel like gravy without salt that's its nature.
So for me Bitcoin and USDT are still important and it's hard to choose between the two.
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Topic
Board Altcoin Discussion
Re: Crypto wealth can only be built in bear market
by
aruldaroy
on 23/03/2022, 11:43:46 UTC
People who are good at understanding and assessing the crypto market situation, of course they will buy even if the market is in a bear or bull trend, they certainly will not be silent to collect their profits, even though in the short term they can certainly take advantage of the bear or bull trend situation to sharpen their rupiah coffers.
And when the bull run of the market happens again they will think about the benefits of both.
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Topic
Board Bitcoin Discussion
Re: Malaysian Ministry proposes cryptocurrencies as legal tender?
by
aruldaroy
on 23/03/2022, 11:13:46 UTC
to be honest i like the news like this but so much politican people just make voice want to crypto as legal tender and after that just become old news. i want act  Grin Grin or atleast before make crypto as legal tender country need as slowly accept crypto at first place as asset instead of banning the crypto they can make money from make tax from crypto. and from this we can see adoption crypto everywhere

If they are able to make taxes out of crypto money really big profits are theirs right.
But if they turn them into crypto money instead of their money, I don't think it will be possible.
Let's imagine if the value of crypto money dropped like it is today.
How do they pay when the price of the cryptocurrency decreases.
Of course they will be complicated.
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Board Bitcoin Discussion
Re: Bitcoin Saved Me.
by
aruldaroy
on 23/03/2022, 07:20:34 UTC
I'm glad to hear that you had success with bitcoin and saved your money.
That is if your main priority is patience it will bear sweet fruit in the end.
Stay motivated and stay positive don't be careless in making decisions because bitcoin is a trade that we can't predict right.
Maybe it's your sustenance, that's why profit comes to you.
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Board Altcoin Discussion
Re: USDT Sending Fees
by
aruldaroy
on 21/03/2022, 10:01:48 UTC
Fees of sending USDT is pretty cheap on any blockchain besides Ethereum which will cost you like $5-10 a transaction on a good day. Unfortunately a lot of exchanges doesn't support USDT withdrawal on other networks besides Ethereum.

$5 to $10 is also quite a large fee, especially if the USDT is a little of course they will consider sending it again because it costs more than 1$.
 Do you think there is a delivery where the fee deduction is only $1 or $2.
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Topic
Board Bitcoin Discussion
Re: Elon Musk Wont Sell his Bitcoin
by
aruldaroy
on 21/03/2022, 04:48:44 UTC
Won't sell his bitcoin because you all know he wants to make money and when bitcoin is more valuable, there is a chance that he would sell his bitcoin and fund his SpaceX program to go to Mars. Currently he has at least 43,000 BITCOINS!!! If bitcoin reaches $100k, his bitcoins would be worth over $4 billion.

Nothing is impossible when the price can reach $100k.
 Luck will always side with those who are there.
 If 4 billion becomes theirs then 10 times more they can buy again when the price of bitcoin drops again.
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Board Bitcoin Discussion
Re: Crypto Scams now the second largest in the world
by
aruldaroy
on 20/03/2022, 00:12:44 UTC
That's why you have to be very careful, bitcon scam will continue to grow, as long as Bitcoin is growing rapidly and lot's of new coins are entering the market, the more new coins are entering the market then the more crypto scam will be increasing, so we just have to avoid investing in shit coins because most shitcoins always rug pull and always make sure you do your research first before investing in any new coin.

This industry is growing so expect the huge amount of scam attempt will come over on it this is why we need to have proper education about those attempts so that we can safely avoid such thing and participate only with good projects around. For newbies they should not believe people tell them to invest because they can earn huge a proper researching and profiling is good since important for them to know if the project has solid tracks to avoid getting scam nor get FOMO.
It's not just Bitcoin has a lot of scams I think these new projects revolving around such as NFTs which is being hyped and considering who's who someone should know what are the fake projects that would resulted in a rug pull.

Ever since the other altcoins ever made such as the hyped projects like ICO before the scams are growing each day. I guess newbies or not everyone could be a victim with these scammers.

Yes without exception everyone can feel the scamer including myself have joined several scamer projects, as a result we only work for nothing.
And to see which projects are promising, we can't tell the difference Because almost everything is the same.
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Topic
Board Altcoin Discussion
Re: Will cryptocurrencies eliminate the need for credit/debit cards in the future?
by
aruldaroy
on 19/03/2022, 03:55:01 UTC
What do you think? Will cryptocurrencies eliminate the need for credit/debit cards in the future? If not, why? Your input will be greatly appreciated. Thank you very much. Smiley
For some reason I believe it will not be a legalize alternative for it. Its quite impossible to abolish debit/credit cards system and we all knew that all forms of government would not abort it anf shift to blockchain. Too many companies will be affected by it if ever we goes to that kind of scenario, banks would definitely fall to the ground as blockchain emerge like this.
What do you think? Will cryptocurrencies eliminate the need for credit/debit cards in the future? If not, why? Your input will be greatly appreciated. Thank you very much. Smiley
For some reason I believe it will not be a legalize alternative for it. Its quite impossible to abolish debit/credit cards system and we all knew that all forms of government would not abort it anf shift to blockchain. Too many companies will be affected by it if ever we goes to that kind of scenario, banks would definitely fall to the ground as blockchain emerge like this.

That's for sure that's why the government has not yet been able to legalize crypto money because competing with central bank money will have a big risk going forward.
And its influence for the future will also always change.
It's better like now just let the blockchain system work alone and the government system let the government handle it.
Because they really can not be transferred let alone to unite.
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Topic
Board Altcoin Discussion
Re: Quit expecting a ETH killer
by
aruldaroy
on 19/03/2022, 02:31:36 UTC
All projects want to stand out from the rest, this speculation is natural to attract investors to pay more attention to other projects under the Ethereum network. In terms of quality, it can not be compared. But there's one thing I want to compare Ethereum with, as DeathAngel put it, that is Solana. The reason is that Solana is still a trend in terms of network development, costs, and other equally great projects. This is still not enough to be a competitor to Ethereum in general, but at least investors will have more attention to Solana.

Why can you be so sure that Solana is able to compete with ETH even though we know that ETH has always accompanied the bitcoin journey even today.
Maybe because Solana is currently in the hype trend, many investors are looking at Solana.
Earlier, if you saw the growth and development of Ethereum, it has come a long way, if anyone is able to compete, it's only temporary.
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Topic
Board Bitcoin Discussion
Re: We should forget that there'll be 21M BTC
by
aruldaroy
on 19/03/2022, 01:31:54 UTC
Individuals should completely disabuse themselves of the notion that there will ever be 21 million Bitcoins

That's right, because demand can rebuild bitcoin prices to move up.
Because even though there are many supplies that hold bitcoin, if there is no new explosion, it's useless because there is no increase and new price movement.

Taking lost and inaccessible coins into consideration, as well as Satoshi's 1M BTC lockup, there will never be more than 14M BTC available. Coins that have been lost are irretrievable.
Wallets that have been locked are inaccessible. And who knows what will become of Satoshi's incarceration. This number will steadily drop as adoption expands, as additional people with bad discipline, a lack of responsibility, or an inability to pay attention will also lose their coins. Bitcoin is obviously highly cheap, but it becomes much more so when you consider the premise that only 21 million Bitcoins will ever be created. If the larger crypto community and the financial world were aware of this, Bitcoin's price would be considerably higher right now.

What do you think?
Everyone knows the supply constraint but the question that everyone has is that whether there is a demand explosion which could probably happen in the near future? Because eventually pricing will be decided based on the demand explosion and not only the supply constraint, moreover one should not forget that utility of Bitcoin is derived from using it as a currency so if you aren't using it as a currency and just hodling it what good is bitcoin in that case??