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Messages - TomPluz

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31


I have been reading from so-called Bitcoin experts that the benefits of halving to Bitcoin will come after the said event and that means that the surge we witnessed in BTC for the past many months can just be the preview of what can be coming. Well, I am hoping this can really be true as we know that even experts can also be wrong with Bitcoin, a hard-to-get or predict digital asset. The big difference with the 2024 halving is the presence of ETF platforms which can push the demand for Bitcoin or can also wedge a knife into Bitcoin's price once investors will be withdrawing like an avalanche. In the next many remaining months of 2024, hopefully we can see how halving will become a formidable force impacting its price but all of these things will really depend a lot on the overall demand for Bitcoin.

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2 - TomPluz

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Week 1 (14 Apr - 20 Apr)

TWITTER
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Retweets:
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Note: You guys were late in posting in twitter and Instagram that's why I got more posts than shares...

34
Binance Smart Chain + Ecosystem / Re: BNB benefits?
« on: April 19, 2024, 03:55:42 PM »
Will BNB emulate the less popular altcoins that offer a huge amount of profit such as APY between 150 and 300%. What can we expect from the price because it seems to be in an undecided middle, fall or rise?

With the success already achieved by BNB in terns of price ad influence, it would be hard to expect that one can get a high ROI when you invest with it. You should have enter BNB when it was just priced at $10 because by then holding it until now can mean a windfall for your pocket. But it does not mean that investing your money with BNB can be a bad decision as it is already considered to be one of the top digital assets and you can be sure that there is some room for it to grow though one should not expect like x5, x10 or even x100 since that would already be impossible. In case one is looking never to be victimized by shitcoins or those memecoins that will fail to capture the imagination of the market, I am sure BNB is quite a lot better.


35
Bitcoin Forum / Re: The halving time of 2024 is only zero(00) days.
« on: April 19, 2024, 12:44:15 PM »

Once held, the price of Bitcoin will start to rise to the highest level. And it can be long until 2025 bull and I think it is possible for Bitcoin to reach 150k dollars.

I am sure that the halving in 2024 will be producing good outcomes for Bitcoin though we are still in a dip right now 13 hours from the supposed 4-year occurrence to split in half what miners can receive as reward for their contribution to the Bitcoin network. Honestly speaking, am a little bit apprehensive that the benefits of halving have already been factored in when BTC hit the new ATH record of $73K but I am still looking forward to its influence in the remaining months of 2024 and into 2025. This year's halving is actually a very unique one in the sense that we got the ETF approved which became the force for the push of the Bitcoin price...but on the other hand it can also be a negative factor to impact Bitcoin when investors will go sour of their ETF investments and will withdraw in droves. Preferably looking at the red roses in the garden and not the dried twigs, I want to wake up one day and see Bitcoin already in the $150K range. In extension, we should take this ongoing dip as a big opportunity to get more BTC to our arsenals so that we can then be smiling to the bank when the right time will come.





 

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The blockchain space seems to be incorporating a lot of persons into it. Artists and creators are being given opportunities to earn.


We know that the blockchain technology is a very game-changing one and this can be positively impacting many industries as well as millions of people now and into the future. With that potential at hand, even China which banned cryptocurrency is actually pursuing developments on how to capitalize on the blockchain technology so as to pole-vault their economy into the future and be the top among its peers. We are now in the new era where creativity can be monetized well and creators are given the value they all deserve. There is now a shift on how creators can market their wares and we now have an expanded market on arts in different forms. Of course, we are so familiar with NFT as we learned of news of NFTs that pitched even millions of dollars in the market but beyond those very exciting news the blockchain can also work well with small and even unknown artists so they too can find their niche and slowly expand their popularity. One thing the blockchain can benefit them is to ascertain authenticity of their works so we can avoid copy-cats, fakes and plagiarism in many types.






38
This is the risk people face when they buy and trade tokens or coins that can easily be manipulated in this way, and then crash because there is no utility to help it rise again. From the article, it is possible Eisenberg could be sentenced to 20 years in prison, but i think he should get lesser than that, if sbf could get 25 years in prison for all the crimes he committed, i don't see why this exploiter should get 20 years in jail.

I think that the prison sentence heaped on SBF will now be the standard on which other crypto-related cases will be gauged. Yes, it is possible that Avraham ‘Avi’ Eisenberg will eventually get less than 20 years and nothing more as he committed lesser-in-weight crimes than Sam Bankman-Fried in the very famous FTX collapse. I am actually amazed of what Avi did by using just $5 million to potentially get a financial windfall of $116 million. We should be happy that he got caught and is now facing the heavy brunt of the law so we can be sending the strong message to all scammers and fraudster to refrain from their evil plans otherwise face the possibility of their freedom curtailed and their assets confiscated. Not, unless of course, if you are based in North Korea where prosecution can be impossible. This story really highlights the possible danger and security lapses that can still occur in a DeFi platform...hopefully things will strongly evolve for the benefits of the many users of a platform like this.





39
News related to Crypto / Re: Fake Trump Coin Offering Spreads Online
« on: April 19, 2024, 11:39:58 AM »
This is meant to discredit Trump because he is running in the next election, I don't know his chances he better groom himself this early, news like this is bad for his image.

This scam is riding on the popularity of a certain personality and as of now Trump remains to be the leading figure in the upcoming November presidential election and Biden is trailing behind in many polls, despite the many cases filed against Trump. In fact, if election is held today Trump will be the runaway winner. I remember that there was also a similar scam that used the supposed endorsement of Elon Musk and it was unfortunate that there were still people who got victimized despite the obvious tell-tale signs that it is nothing more than a fraud. Now, this will not in anyway affect Trump in his election bid as he is a very resilient man...am more concerned on the lawfare thrown on him left and right and the ongoing biased mainstream media working against him. Yes, in the past, there had been many Trump-inspired memecoins but most of them are dead now but there is one particular coin called as MAGA and is enjoying a good price in the market. While I understand well the meaning of MAGA, I am not sure what can be the connection with this with the ex-president if there is one. We should be careful not to be deceived by people who are using their creative prowess to victimize people...and they can even be based in North Korea, Nigeria or even in Cambodia.






40
Bitcoin Forum / Re: ordinals and inscriptions
« on: April 18, 2024, 04:21:44 PM »
I am sorry to say that this is one big thing that I don't like with Bitcoin and sometimes with Ethereum. Now, I would not have a big problem if I am moving BTC worth at least $100K because that makes the high fee for the transaction seems peanuts but if you are moving less than $100 then it would be a different story. Many years ago, the same complaints were heard and I am still hearing the very echo of them in 2024 and most probably this same situation can be going on for the next many years. While I am happy that we are experiencing good growth of Bitcoin price, I am also sad that we have no choice but to be charged with unbelievably high fees which is to me is a big insult to the very idea of cryptocurrency itself. For years, we are stuck in the discussion phase of this problem and solutions that are supposed to work could not emerge in the Bitcoin network for everybody to enjoy. And now, we are dealing with ordinals and inscriptions making more congestions and pushing fees higher.

41
The real reason for this hefty tax proposal is the very idea that Bitcoin mining is not good for the environment and must be discouraged to grow and should be phased out of the country slowly. Now, of course, Bitcoin mining is business and if an operator could not make good money then the business would be looking somewhere else and I am sure that there will be smaller countries that can welcome miners with open arms like El Salvador or Paraguay, for that matter. The whole Biden administration and its allies in both legislative chambers are not so friendly to the cryptocurrency industry and they are using hefty tax as the best way to send this message...and if there can be another four more years for Joe Biden then am sure no crypto miner will be left in USA by 2028. the whole cryptocurrency industry must reject this proposal and there must be a compromised formula where all parties can still come out as winners and not as losers.

42
$2 million is small amount for Binance, so it's not surprising they simply decide to pay the fine. IMO it's also possible they lose more money due to ban by India early of this year. Your opinion is greatly appreciated.

Surely, that is also my first impression as $2 million for Binance is nothing with the big potential of the Indian market for cryptocurrency. However, if they will be back in India and be legally operating under the regulatory power of the government, I am sure that there will be changes and that they would be strictly require to impose tax and must remit them to the government so that things will be smooth and above board. For India and Binance, this can be a win-win solution and both parties can be walking to the bank with smile on their faces. Now, I am so hoping that here in my country the same offer can come true after the government decided to also kicked out Binance from operating in the crypto market just months ago. There is no question that Binance remains to be the best CEX where transactions are hassle-free and so convenient most especially with its P2P option. Without Binance, there seems to be a big void that other players can not easily fill in and people will really be longing for it.




43
How often do you check on your Crytpo/Bitcoin?

I am always checking the price movement of many crypto assets as I am mining an app where I can see the prices of the most valuable coins in the market. Now, it is quite exciting to be watching the prices whenever there is a surge but can be discouraging to see when there is a big dip. In the past, I used to check my holdings in my wallet just like watching a horse race as if I would be winning something if a coin will make it to a certain level. Surely, many people are also doing it now as top coins are getting to be very volatile. I checked the site mentioned above and it is actually good...this is my first time to know of it and I am adding it to my bookmarks.




44


As an investor myself, I am always looking for something that can give me the highest rate of ROI and one of the big reasons why cryptocurrency seems to be the most exciting investment vehicle is that this is one of the very few where you can literally find projects that can do x10 or even more than x100 in the market. However, with that kind of high potential, the industry is also sadly riddled with scams and frauds hence it would not so that easy to vet, analyze and decide on which of the new projects will really make it. This is surely an industry where the saying "big risks big rewards" can be so true. Now, with that in mind, one must be careful and must laser focus on projects that will soon be a part of the CMC list and can be valuable in no time at all. One criteria is if it is being supported by reputable platforms in the crypto industry...and they are usually announced to the public as endorsement and support can be a big thing for others to also follow suit. Still, one must do due diligence and must be careful and weight things before arriving at a decision to open up one's wallet or invest time to promote the project.


45
This is a good move on the part of the Paraguayan Senate as the country should look for its own economic interest and must go for something that can give the country and power providers more leeway for possible profits. Why would power be sold to another country for a lower rate when there is a good, lucrative alternative, the crypto mining operators? As power is always the main contention when it comes to crypto mining, I am happy to see Paraguay is now very much open to this business and I know that the country is in the right direction as this can open more opportunities for its people not just with these mining companies but also that possibility of opening the country for other crypto-related fintech companies to also come in and do business with the country as its base in the North America market.

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