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Topics - TomPluz

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16
Quote
The Bitcoin halving event is a significant occurrence in the cryptocurrency calendar, and the BTC halving date 2024 holds the potential to be particularly noteworthy. Understanding the impact of halvings on Bitcoin’s perceived value is crucial for comprehending how the industry responds to external influences.

The significance of the BTC halving date 2024 is underscored by industry challenges since the previous halving. These challenges include a global pandemic, surging inflation, geopolitical conflicts, regulatory hostility, and the significant setbacks experienced by some of the industry’s major companies.

Previous halving events have witnessed both pre-halving rallies and subsequent price surges in the months and years following the event. However, it is crucial to note that many factors influence BTC’s price and are not solely determined by halving events.



Source: https://cryptomode.com/education/btc-halving-date-2024/




The years leading to 2024 were years of great significance to humanity as the global population experienced many big challenges and problems and in this year we are still feeling the effects of them all. The world has not yet retuned to its previous self and there is a big chance that we are now entering a different era and into a different direction. Amidst this seemingly bleak situation, the cryptocurrency industry is also adversely affected by events and even by people and to some extent positively impacted as many look at Bitcoin and other coins as safe haven for their assets.

Now that halving is coming in around April, one could only wonder if this single event can trigger for the bullish market that we are all hoping for or would it just be another "sell the news" kind of thing and so we are left disappointed?



17

Quote

A recent international survey by Bitget has illuminated the crypto market’s hopeful perspective, drawing insights from close to 10,000 individuals across areas such as West Europe, East Europe, Southeast Asia, East Asia, MENA, and Latin America. More than half of the participants globally anticipate that bitcoin prices will hover between $30,000 and $60,000 during the halving period (around April 2024), while 30% foresee the price exceeding the $60,000 mark.



Source: https://cryptorank.io/ru/news/feed/4271c-bullish-on-bitcoin-global-survey-respondents-anticipate-btc-price-spike-to-60k-and-beyond-in-2024





According to this survey, it is confirmed that majority of people involved in cryptocurrency most especially with Bitcoin is really expecting a bull run to happen soon or at least within this year. This bullish sentiment can mean a lot to the industry as a whole as this signal that more and more participants will be coming in...in search for investment opportunities and possible profits either short-term or in the long run. Personally speaking, I am disappointed with the ETF effect but I am still thinking that this can just be temporary and that its power will be slowly felt in months from now...and coupled with the coming Bitcoin halving there can be synergy of events that can magically turn the market wildly skyrocketing.





18
News related to Crypto / 2024 Sees Steepest Weekly Plunge in NFT Sales
« on: January 29, 2024, 09:21:14 AM »

Quote

In the span of between Jan, 20 to Jan. 27, 2024, there was notable decline in the sales volume stemming from non-fungible tokens (NFTs), plunging 21.25% from the week before. The leading blockchains in seven-day sales, Ethereum and Bitcoin, experienced substantial decreases, ranging from 28.78% to 12.62%, respectively.

This week marked the steepest decline in 2024, with sales plunging 21% compared to the previous seven days. According to metrics from cryptoslams.io, the total amounted to $228,327,660.




Source: https://news.bitcoin.com/2024-sees-steepest-weekly-plunge-in-nft-sales-5-major-blockchains-register-double-digit-losses/


Personally, I don't own any NFT and I am not so much interested with them...all I because I am not seeing a big value on the said asset. Of course, this opinion of mine is contrary to many who love NFTs and are actively trading them for some profits. The lack of use-cases attributed to my adamant stand on NFT. As to the decline of the NFT market, I am saying that this can just be temporary and since 2024 is just starting it would be not wise to conclude that this is not going to be the year for NFT too.

What about you...how do you view the future of NFT...will it be bright and prosperous or will its light be clobbered by the lack of interest from the market? I am interested with your views on this matter.





19
Soon the crypto exchange business will be reaching more than $100 billion so there is volume of transactions conducted everyday on a global scale. I am sure you are using one or two exchanges right now.

There is a tremendous growth in the crypto business. As a result, there is a focus especially from startups to be a part of this trend to take advantage of the clear and lucrative potential to make money. Of course, there are also risks involved so one must be careful all the time.

If you are to be asked, what are the things you are looking for an exchange in order for you to trust it with your digital assets?







20
Cryptocurrency discussions / Altcoins To Accumulate Into 2024?
« on: October 26, 2023, 04:45:57 AM »


I can feel in my veins that the whole cryptocurrency industry is on the verge of a big bull run in 2024 as an offshoot of the Bitcoin halving and ETF approval. Now, while there are still some days left in 2023, I think this is the right time to accumulate more altcoins that got the big potential to also make a soaring upward movements next year.

I already have Ethereum, XRP and Litecoin on my portfolio...so I am looking for at least three more to be added. What would you recommend to me?








21
Bitcoin Forum / BTC Pumping After The Arrest of Sam
« on: December 14, 2022, 05:04:14 AM »
The big news in the cryptocurrency right now is the arrest of Sam Bankman Fried in the Bahamas upon the request of the USA government and soon he can be extradited and be facing the biggest legal challenge of his life due to the many abuses he did in FTX and Alameda Research. There is a big chance that he can be serving jail time...which can be good for all of us in the crypto industry sending the message that here we have to follow the law and not do anything stupid.

Good thing to see that Bitcoin is making some good pumps after his arrest...an indication that many people are approving it and can be a good sign that trust and confidence on the King of Cryptos can now go back slowly. Let's hope that BTC can be ending the year with some might and not with some red waves.




22

I am not sure if this can be a good source of rejoicing for me but there is a big news that Sam Bankman Fried has finally been arrested in the Bahamas after the indictment for him in the USA and can soon be extradited to face many criminal charges related to his time in his own FTX empire. The hands of the law has been moving slowly in this case but nevertheless it is moving, anyway. I am looking forward that he will eventually be serving time and that important details of the FTX mismanagement and abuses can be exposed in the court.

Good luck to Sam...and his popular and expensive lawyer...am sure that his team will be making all they can to picture Sam to be the victim and not the perpetrator of many bad developments in FTX.








23
Cryptocurrency discussions / Still buying new tokens and coins?
« on: December 07, 2022, 09:41:39 AM »

I have to be honest that right now I stopped buying new coins and tokens all because the risks involved can be so high...so there is less chance that we can gain something out of what we are investing into most especially if one is talking long-term. As one who experienced the horrors of the ICO explosion in 2017 - 2018...I just learned that trust is so scare in this industry. We don't know the people behind a new project that much and we don't know if they are real or just pretending to be someone else.

But of course, there can be some rare exemptions when I am seeing that the project can be solid and has a good future ahead. So what are the new coins and tokens you invested with lately?

24
Bitcoin Forum / BTC showing some strength, will it hold on?
« on: December 05, 2022, 06:18:52 AM »

As of this moment that am writing this thread, Bitcoin is standing at more than $17K - to be specific now at $17,370. And this actually very good considering  that days ago it touched the low point of $15K. personally, this is making me sad because when BTC got into $16,300 I sold my little and experimental BTC at Binance for a gain of just $9...never expecting that from then on it would be moving to the $17K zone and staying there for some two or three days.

Now, the question is: Do you think BTC can be hold on to this level or will it then start to make a good upward moves towards more? Or will it be going south again?








25
Cryptocurrency discussions / Will You Forgive Sam?
« on: November 28, 2022, 02:16:49 AM »

Well, am sure all of us are aware of the horrifying, shocking and game-changing details of the many frauds which Sam Bankman-Fried - in cooperation with his ex-gf Caroline Ellison - had done with FTX and this can surely go down in the crypto history as one of the most unforgettable experience which hopefully can be teaching us many lessons while being in this industry.

Now, just for curiosity's sake, with all of these details coming out - and I am sure there will be more unearth soon - can you be able to forgive Sam and give him another chance to rehabilitate his hammered name and reputation in this industry?




26
Bitcoin Forum / FTX Collapse: Setback for BTC Mainstream Adoption?
« on: November 22, 2022, 03:56:42 AM »
The whole cryptocurrency marketplace has been in a great shock when the FTX collapse started to unreel before our own very eyes. What was once hailed as a hero is now considered to be a great villain as Sam Bankman Fried apparently used funds of FTX customers to do risky trading in Alameda together with Caroline Ellison - his ex-girlfriend. Now, the contagion is fast affecting many other platforms that got FTX exposure and we are watching closely if Genesis will be the next to fall in the domino of frauds and scams.

I am thinking that with the year 2022 going down to be the year of collapse of many different crypto-based platforms, this will surely be affecting the trust and confidence of the people towards the whole industry and will push down further the mainstream adoption of Bitcoin.

 

27

I am watching the many new developments in the case of FTX-Alameda collapse and I must say that details coming into the light are all so bad and ugly - to say the least - and right now we are seeing the contagion effect affecting many platforms including Genesis which is getting to be another candidate to collapse.

There should be an outrage of anger from the people victimized by FTX - those who believe that Sam Bankman Fried was a hero, a savior but who turned out to be just another low-level scumbag.

Surely 2022 will go on to be a very historic year for cryptocurrency and will be know as the YEAR OF COLLAPSE in the industry.

So what are the many big things we are learning here? One, don't trust anybody and always remember: not your keys not your crypto.






28
Cryptocurrency discussions / An Era of Sorrow for Crypto
« on: November 11, 2022, 03:54:29 AM »


The year 2022 will surely be known in its history to the year of sorrow as we have witnesses the collapse of many well-known platforms that were then serving a lot of people somehow involved with cryptocurrency. Three of these are: Celcius, BlockFi, Tera and FTX.

What happened can be staggering loss for many big and small investors, traders and holders. So what caused this tragedies to come upon an industry we trusted and even touted to be the savior of our money, finance and banking.

Two words: GREED and just plain STUPID MANAGEMENT!





29

Maybe around two days, I happened to see FTT price at around $22 in CMC...and now it is just $2.74 with bigger chance that it can continue to plummet as more and more holders scrambled to get some value out of this disaster. Sadly, this FTX story pushed the whole crypto industry to another bear trap with Bitcoin now floating in the $1600 level and Ethereum at $1100 zone.

There seems to be a big panic in crypto and all of us can be asking the question: What really happened and what are the things we can expect in the next few days and months ahead as 2022 is closing its remaining days and 2023 is about to enter into the scene.













https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRf4W3iPtITaLagkSrJn0yKE55z2fB3HwRZvhd44uaeN5FaDMbNTU0mhid1LDr7GeOyiBE&usqp=CAU

30
Ethereum Forum / ETH and BTC Decoupling...When?
« on: November 10, 2022, 02:53:21 AM »


I just look at the BIG RED waves now affecting the whole crypto currency mostly as the aftermath of the FTX-CZ debacle...if I am allowed to say it that way. Now, one thing for sure is that Ethereum is really following the lead of Bitcoin...where BTC goes most likely that is also where ETH is doing...am just curious do you think there can be a time when the two can be completely decouple or is this already a chained destiny?

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