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Messages - MrSpasybo

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1
Crypto currency Mining / Re: If you mine privacy coins what do your prefer?
« on: September 20, 2024, 06:46:23 PM »
There is nothing I mine from me knowing crypto, whether I do it or not so far there is no activity of mine to mine coins that are definitely worth grin as you said, because honestly I do not understand how to start the basics of mining coins that have value
Purchasing and setting up a coin mining system typically requires a significant amount of skill and financial resources. I don't think I'm ready for such a large investment to mine privacy coins. If I had the money and ability, I would only mine BTC because I believe in BTC's potential. Privacy coins are no longer on my investment radar ^^

You can try out crypto mining through some applications directly on your PC like MineGate. I've installed it before, but the earnings were insignificant compared to the electricity costs and hardware wear and tear. If I'm not mistaken, in automatic mode, MineGate always chooses XMR to mine based on maximum profit.

2
The trust that the common people had in Binance is slowly starting to decrease. Many investors are losing their wealth due to listing of low quality tokens and those tokens are unusable in the long term. Here Binance has taken utmost care to warn their users to trade some tokens but I think that is a strategy to avoid their liability. They should refrain from listing low quality tokens. Previously the tokens were well monitored by Binance Labs but as of now it seems that lab is not functioning well or are they giving the highest priority in the business to survive in the market?
Well, I don't think things are as serious as they seem, even though many tokens listed on Binance recently haven't had impressive price increases like in the bullrun 2021. There are many reasons to explain this.

1. CZ is no longer the CEO of Binance and can't help promote Binance and the latest IEOs.

2. Bitseason is ongoing, and most ALTs are not receiving inflows, including new tokens on Binance.

3. Binance has more IEOs than before, as a result, no project has become truly outstanding to attract investor attention.

At the same time, Binance Labs has left Binance to operate independently, but I still have faith in their assessments and investments in potential tokens in the market, including new tokens on Binance.

3
Stable Coins Forum / Re: USDS new Bitgo stablecoin
« on: September 20, 2024, 06:22:24 PM »
I don't know, but it is better to think that all stablecoins can be frozen by central authority, same like with Tether, and nobody should hold stablecoins long term.
If Bitgo is not saying anything about it than you can bet they can do anything in collaboration with Goldman Sachs.
Fully Compliant on their website can only mean one thing...
Tether's profits are even larger than BlackRock's, which might be why many companies want to become stablecoin issuers. I used to not care about Bitgo but from now on I'll follow their USDS, I hope it will be as reliable as USDT and USDC.

For me, stablecoins are an important part of the crypto market because they support market liquidity through crypto/stablecoin pairs. However, when we have many stablecoin issuers and many stablecoins, the risk to the market also increases. If a stablecoin becomes too big and then collapses, it could affect the entire market: UST is a classic example!

4
Cryptocurrency discussions / Re: $16B from FTX to its creditors
« on: September 20, 2024, 06:06:05 PM »
Although I am quite sceptical about this, maybe it will happen.

What are the predictions, will this have a positive effect on the crypto market? $16B is already a considerable amount, although I don't believe that investors will immediately start terminating assets.
Mt.Gox returned BTC to its users, while FTX will return $ to its victims. Some people will leave the crypto market due to fears of similar risks, but the rest will continue to stay and invest in crypto, and their money will become a new capital flow for the market.

Assuming only 20% of $16B, equivalent to $3B, is used to buy crypto, we will immediately feel the price increase of numerous tokens in the market, starting with BTC, ETH, and SOL. Well, I never dared to think that the money from FTX victims could be a significant driving force to pull the market out of a boring accumulation phase ^^

5
Cryptocurrency Trading / Re: Long term traders vs Investors vs Holders
« on: September 20, 2024, 05:54:13 PM »
           -     Doesn't saying you are long-term traders mean you are an investor? And because your vision plan is long-term, that also means that you are holders willing to wait a long time for bitcoin or cryptocurrency that you believe can give you good earnings in the future.

So I can't seem to see that they are different; I can even say that they are different if the OP said that they are short-term traders, although they are still investors who can also be considered holders for a short period of time.
I agree with you, we are all investors and traders, although many people are trying to divide and differentiate traders from holders.

Sometimes, investors even include those who participate in pre-sales or support #DevelopmentTeam s. These are actions that traders and holders rarely do.

Holders are actually also traders, they are traders who hold a position for the long term, which can be many months or many years.

Traders are often understood to be people who trade frequently, such as intra-day traders.

Anyway, these definitions are not really important, each market participant has their own capabilities, time frame, and preferences. As long as our efforts generate profits, the titles of investor-trader-holder no longer matter.

6
There are now some politicians in power who are calling for the curtailment of SEC's seeming abuse of power or what many call as a lawfare kind of regulation where you ambush the industry players and bring them to court instead of working with them by laying down a clear, concise and acceptable guideline everybody should follow. I am not against regulation per se especially with centralized crypto-based platforms but I am sure SEC is using its power to decapitate the industry and not just to weed out bad actors. We are seeing that eToro is the latest victim of SEC's crusade to purge the cryptocurrency industry from doing business in USA.
Yeah, I don't think the SEC is acting like this to protect investors, since many investors have suffered losses from the SEC lawsuits against Ripple, Kraken, or UniSwap Labs. I can't guess the SEC real goal, maybe Gensler has been ordered to do this to stifle the development of crypto in order to give traditional companies more time to enter the market and take market share from big companies like Coinbase and Binance.

We've seen that the SEC doesn't have any guidelines or documents for CEXs to follow, or they don't even have enough evidence to conclude that a token is a security. I've stopped expecting anything from the SEC. Congress should have specific laws about crypto and prevent the SEC hand from reaching into the development of this market.

7
If Elon Musk has not officially announced about X empire, then there is no need to believe it. Because there are many opinions and assumptions circulating, that there will be a token from Elon Musk that will also be launched soon, but we should wait. It could be that Elon Musk will use Doge Coin to integrate with X, because anything is possible, although in my opinion Elon Musk will have his own coin that he really built.
We see Elon Musk is building his own ecosystem, including electric vehicles, spaceships, internet satellites, social media, and now a new payment system. Users are expecting a lot from X-payment as it could be a breakthrough idea and a big success like Tesla and SpaceX. That's also why we're discussing the possibility of integrating crypto into X-payment to reach its tens of millions of potential users.

Many members also mentioned that Elon Musk could create his own token if he wanted to integrate crypto into X-payment. This is entirely possible, though I don't think it's really feasible from a legal and technological standpoint. Elon Musk hasn't created any tokens in years, Tesla and SpaceX hold BTC and accept DOGE.

8
Bitcoin tăng gần 6% sau khi công ty quản lý tài sản lớn nhất thế giới phát hành whitepaper nêu bật tiềm năng của tài sản kỹ thuật số này như một biện pháp phòng ngừa rủi ro tiền tệ và địa chính trị.

BlackRock đã công bố Bitcoin whitepaper cho các nhà đầu tư, gọi nó là “công cụ đa dạng hóa độc đáo” tách biệt khỏi các rủi ro tài chính và địa chính trị truyền thống.
Chà, thú vị ghê, BlackRock có BTC Spot ETF vẫn còn chưa đủ, họ còn công bố cả tài liệu để đánh giá giá trị của BTC trong nền kinh tế. Đây thực sự là hành động xác nhận sự ủng hộ mạnh mẽ và toàn diện của ông lớn BlackRock đối với BTC, điều mà cách đây vài năm chúng ta không dám nghĩ đến.

Đây là tin tức cực kỳ tích cực đối với thị trường crypto, tiếc là không được chú ý đủ nhiều. Mình nghĩ nó sẽ được nhắc đến nhiều hơn trong bullrun, khi giá BTC thực sự đáp ứng được kỳ vọng của nhà đầu tư nhỏ lẻ và cả những công ty quản lý tài sản như BlackRock.

9
Trong bối cảnh phát triển của ngành công nghiệp tiền điện tử, ông lưu ý rằng phí giao dịch cao trước đây là một trong những thách thức lớn cản trở việc áp dụng rộng rãi. Tuy nhiên, phí giao dịch trên mạng Ethereum layer 2 (L2) đã giảm xuống “về cơ bản là bằng 0”, đánh dấu một cột mốc quan trọng đối với tiền điện tử.

“Phí giao dịch đã giảm từ 10- 0,5 đô la xuống còn dưới 0,01 đô la, về cơ bản là bằng không. Đồng thời, Optimism và Arbitrum, hai layer 2 chính của Ethereum, đã đạt được cột mốc bảo mật quan trọng này… Do đó, các rollup đang nhanh chóng trở nên an toàn hơn và cuối cùng cũng có giá cả phải chăng.”
Dù có một số vấn đề như lượng giao dịch và phí được đốt trên Layer-1 đã không còn lớn như trước và khiến ETH trở lại với giai đoạn lạm phát, nhưng chúng ta không thể phủ nhận vai trò của Layer-2. Nhờ có chúng mà người dùng được tận hưởng sự bảo mật và phi tập trung của Ethereum một cách dễ dàng hơn trước, tiết kiệm được rất nhiều phí giao dịch và có thêm nhiều cơ hội đầu tư.

Layer-2 không mới, nó đã được Polygon phát triển từ chu trình trước nhưng đến hiện tại mới có thể bùng nổ nhờ nhu cầu của cả người dùng và đội ngũ phát triển. Mình hy vọng trend này sẽ tiếp tục thành công trong năm 2025 và mang lại lợi nhuận cho những nhà đầu tư đã luôn tin tưởng vào hệ sinh thái mở rộng của Ethereum.

10
NFTs & Collectibles / Re: Do you really believe on NFTs?
« on: September 19, 2024, 04:51:20 PM »
I don't fully understand NFT yet but I noticed that NFT is not that hyped now and tends to be forgotten. I saw that in Binance Announcement there was no more discussion about NFT and more or less maybe NFT has faded. If it's like this I'm sure it will need very hot news again to be able to increase the price of NFT and that news might have to come from famous people like Lionel Messi or Christiano Ronaldo who stated that they will create their own NFT.
Recently, we've been hearing only about new Trump NFTs rather than other celebrities, and Trump NFTs have been very successful as he has received support and love from many fans. This partially confirms the value of NFTs in real life, and they should be developed instead of being associated with useless things in the bullrun 2021, like a rock or a readily available online images.

NFTs play important roles in various other trends like GameFi, SocialFi, MoveFi, and RWA, so they won't disappear easily. When these trends boom, NFTs will also achieve great success and bring profits to investors. However, I think we should only invest in the native tokens of the platforms that issue NFTs instead of buying and holding NFTs.

11
Litecoin Forum / Re: I like litecoin!
« on: September 19, 2024, 04:38:23 PM »
Litecoin, which used to be at the top of the cryptocurrency cap with Bitcoin, has recently dropped a lot in price. Even in the bull run era, LTC didn't develop much. As for this season, is it possible?

Just imagine, its ATH was at $412, now the price is at $64.99, and it has also gone up more than 3 percent. So, it still needs to fight a few more times. I also like this old coin, but the facts that it has still an underrated coin price, it seems that it's very okay to pick this coin as long as our target is for long term holding, or for the next bullrun. Well, will this really happen to reach its ATH again? I don't know why but I doubt of this.
Litecoin used to be very popular and seen as a perfect alternative to BTC if users wanted a faster and cheaper crypto asset. However, LTC price has been unable to meet investors profit expectations. This has caused LTC to no longer be a popular token in the market. Investors would rather buy BTC for safety instead of choosing LTC with its low potential.

I don't hate LTC but I don't think LTC can reach its ATH in this cycle, unless it gets an impressive upgrade that is praised by crypto media and reaches millions of potential investors. I myself dare not wait for that surprise, I no longer hold LTC in my portfolio.

12
Cryptocurrency discussions / Re: Altcoin Will Have A Bull Market
« on: September 19, 2024, 04:28:19 PM »
Many people predict that next year will be the real bullrun year. We were indeed a bit surprised by the achievement of Bitcoin prices that exceeded ATH at the beginning of this year. We even thought that Bullrun would advance this year. However, in a few months, even though there was a lot of positive news, the market actually dropped very drastically. That's why all of that really needs to be prepared.

because in any case, we don't really know when the bullrun will occur, in what month, and until it reaches what number. That's why we usually make some targets and strategies that might be useful. at least, not too greedy, but also not too hasty. The number $ 100k is often associated with the ATY that this bullrun will achieve at least. I believe in that and hope it can really happen.
When BTC price set a new ATH before the halving, many investors hoped that everything would happen sooner and we would experience a bull run in 2024 instead of having to wait until 2025 like previous cycles. However, the market has its own behaviors and habits, and the accumulation over the past 5 months is necessary for a market explosion in Q4 2024 and Q1 2025.

Currently, BTC.D is still very high, and funds are still flowing into BTC instead of ALTS, so we cannot have an altseason yet. However, I believe that during the bullrun, funds will flow from BTC to ALTS to create FOMO for investors, before returning to BTC at the distribution zone. That will be our chance to see the prices of many ALTS increase by several tens of % per day, similar to Q1 2021.

13
After the FED announced the cutting of rates to 0.50, BTC pumped to 62k. It must really be a good opportunity for people to invest while they only pay less to th debts.

They say, every time fed cutting rates the free money comes with it and so Stock and crypto market will be mooning when this happens. While we already saw the effect of this today, you should not let this opportunity pass.
We've heard many speculations about negative fluctuations in the financial market immediately after the FED's significant interest rate cut, and BTC was no exception to the price drop, but the reality has shown the opposite, at least temporarily. BTC price has risen to the $62K price zone instead of falling to $40K and has created conditions for many other ALTS to slightly recover.

I hope that we won't have any more surprises in the next few days and the market will continue to recover and grow to create a positive sentiment for the crypto market before the Q4 boom. When everyone is cautious about the economy, a black swan event will not be easy to happen!

14
We have already written about it, the president of the US cannot replace the GG, his mandate lasts until 2026 and he can only leave on his own or if some kind of anarchy happens and he is forcibly removed. Given that DT stated in one of his public appearances that people will only need to vote in the next elections if he wins, then would that mean that the US will become a country with a dictator?

I'm not a fan of airdrops, but I wouldn't prevent people from participating in them, of course, provided they are of legal age and aware of all the risks. People will always find a way to do something even if there is some kind of ban.
I hope Gensler will step down soon after the election, regardless of who the new president is. Gensler has created chaos in the crypto market for years with his claims of protecting investors but he has indirectly caused many investors to suffer losses.

If Gensler leaves the SEC and we have another crypto-friendly SEC member, things will change for the better for crypto, especially when we will also have a clear legal framework for this market soon. Then, not only airdrops, investors will have the right to participate in most activities in the crypto market for profit or entertainment ^^

15
There is no question that BNB will continue to be valuable and can even grow further but the idea that it can get into the $2K zone soon is something that is already an exaggeration though, of course, am not leaving the possibility that maybe there can be a surge of the coin's use and demand as Binance is on an expansion binge. Right now, BNB is playing in the $500 range and if ever there can be a solid growth ahead then it would be reaching $700 and then maybe in years to come be at $1000. In summary, BNB is something worthwhile to buy, hold and just forget. The future of BNB is always tied to Binance so what can happen to Binance will be inextricably linked to it, for sure.
We are all too familiar with the popularity of Binance and BNB in the crypto market: Binance is the largest crypto exchange globally, and BSC was the most vibrant ecosystem during the bullrun 2021. BNB is truly valuable and worth holding for investors in the long term without worrying about the token disappearing or failing in the future.

Predictions and forecasts about BNB price always excite the crypto community. I think we will soon have an answer in a few months when the market enters bullrun. I hope that when FOMO is at its peak, we won't set too high and unrealistic expectations for BNB ^^

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