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Messages - TomPluz

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News related to Crypto / Hong Kong Bitcoin and Ether ETFs tough debut on first-day trading

« on: Today at 12:15:33 PM »

Quote

Bitcoin and Ethereum spot ETFs began trading in Hong Kong, but day-one trading volumes were a fraction of those recorded in the United States in January 2024.

Bitcoin and Ethereum exchange-traded funds (ETFs) finally hit Hong Kong markets, but trading volumes suggest that the launch of Bitcoin ETFs in the United States set an exceptionally high bar to match.

The six new crypto ETFs' total trading volume at the closing bell on day one in Hong Kong was 87.58 million Hong Kong dollars ($12 million). This number pales in comparison to the first-day trading volume of U.S. Bitcoin ETFs, which was valued at $4.6 billion.

News related to Crypto / MircoStrategy’s Bitcoin Holdings Surge to $13.5B

« on: Today at 12:11:16 PM »

Quote

MicroStrategy, often dubbed a prominent “Bitcoin development firm” has once again garnered attention following its financial update for Q1 2024. Despite reporting a net loss of $53.1 million, the firm remains steadfast in its pursuit of acquiring Bitcoin, further expanding its already significant cryptocurrency holdings.

Between April 1 and April 26, MicroStrategy went on to add a whopping 122 BTC to its reserves. This was worth $7.8 million. While this figure might be pale compared to previous purchases, it symbolizes MicroStrategy’s unwavering dedication to strengthening its Bitcoin portfolio. This comes amidst turbulent market conditions.

Cryptocurrency Trading / MOVED: ATH of bitcoin 2025 ??

« on: Today at 12:04:15 PM »

This topic has been moved to Bitcoin Forum.

https://www.altcoinstalks.com/index.php?topic=316201.0

General Discussion / Re: Face reality

« on: Today at 12:01:18 PM »

In my own understanding, facing reality means assessing ourselves in the light of our capabilities and potential, the resources at our disposal and the support that we can get from our family and loves ones as well as the community...all towards making our vision into the future come true. Without objectively analyzing what we got and what we lack, we can just be daydreaming which is one way to make our dreams stay as dreams and not one day be a big reality. Life is hard...and this is true whether one can be poor or even rich and we need to make sure we are all ready to roll the sleeves and even do some burdensome loads so we can carry ourselves to where we envision to be. As we know, we always look up to successful people most especially those who are already popular and we can learn many things on their rise and how they overcome many things to arrive at where they are now. Of course, getting there is never easy but will always be doable since we already have pioneers in different fields telling us that we can do it too.

Cryptocurrency discussions / Re: Is there still going to be a bull run?

« on: Today at 10:44:22 AM »

Quote from: Fivestar4everMVP on Today at 12:41:34 AM

"hi bud, is there still going to be a bull run this year?" I am as well putting out the same question out here for the community, is there still going to be a bull run this year? Or should we just pack our bags and go home? 😬😁

We are not going home...because we are already home! I can understand why you are hesitant to tell 'YES" to that guy's inquiry for the possibility of a bull run and it is because even if we can see some precedents in the history of Bitcoin this is a very unpredictable asset and anything can happen into the future. Based on what I know, the real bull run will be happening after the halving and not before it. So the next concern is whether the bull run we just witnessed before the halving is already the one or should we wait for another one. Now, humans as we are, it would be so difficult to predict the future and that is why whatever we are thinking can just be speculations, at best. the best thing to do then is to continually invest with Bitcoin most especially if there is a dip in the market and just wait and see for what may come.

Random Crypto Giveaway / Airdrop / Re: [FREE RAFFLE] - Custom UniJoin Card, (#15)!

« on: April 29, 2024, 08:24:56 AM »

3 - TomPluz

NFTs & Collectibles / Re: NFT thoughts

« on: April 28, 2024, 07:11:11 AM »

Quote from: LogitechMouse on March 30, 2024, 05:38:38 PM

I believe that there are some investors who learned from their mistakes investing into some JPEGs and JPGs that has no actual value at all. Yes, we are in a bull market, and like other projects, NFTs might get some hype as well, but not the same as the last time.

I am sure that for some NFTs to really shine and get the limelight in the next few months. there must be enough level of hypes and FOMO circling around particular NFTs and there must be new investors that should be convinced and buy the story that soon what they can buy will be skyrocket in value and they can get as much ROI as possible. Without hypes and new buyers, nothing will happen with the market. While recognizing that there are NFTs that can be so valuable and will remain profitable in the market, I think 99% of them are just worthless. In fact, in between NFTs and memecoins, I would prefer the latter. Memecoins done right and with enough support of its own community of supporters can have more chances of making it big in the crypto market. Still, I would rather invest with proven coins on the top list of CMC.

Bitcoin Forum / Re: The 134th reason why you should not use Wasabi Wallet.

« on: April 28, 2024, 06:49:06 AM »

Quote from: yhiaali3 on April 28, 2024, 06:23:28 AM

I have a feeling that there is no real decentralization anywhere.

I am sure that we in the cryptocurrency industry will be facing this issue more and more as years will pass and the more that crypto will be going into the mainstream population. The more that crypto will be popular, the more we might learn that decentralization is going to be redefined in ways we don't want to agree with. And the way I am seeing it is that there are two big factors here: the people behind the platform specifically in question and the continuing push of the government to retain control and influence everything its eyes lay on. The first factor is very unfortunate as it is nuking the very fabric of the platform and the level of trust and confidence the users bestowed on them. Decentralization is at the central of all things cryptocurrency and of the blockchain...without decentralization then we are just dealing with the usual stuffs. I am really wondering if there can a time when decentralization is something that we could not anymore enjoy and that people will be forced to accept that reality, otherwise be on the path of the government and its legal overreach.

Bitcoin Forum / Re: Phoenix Wallet to be removed from US app stores

« on: April 28, 2024, 06:19:58 AM »

Quote from: Mr. Magkaisa on April 28, 2024, 06:03:42 AM

This is not good for us crypto believers, to be honest. Everything that is of no use to the US government is actually being dispatched because they want to benefit themselves and don't care if it helps the citizens under their jurisdiction or not.

A move like this is not good for the cryptocurrency industry and the many small users of this particular wallet in question. This is what we are getting when the government is exerting its legal and regulatory power to run after platforms and people whom it think is doing something against the law. And when you are just a small developer, you would naturally get nervous of the things that can happen to you in case a case can be filed in court just like what recently happened with Samourai Wallet where its two founders are facing money laundering raps. After after this Phoenix Wallet story, I am there can be more and many of them will either be closing down or shrinking their operation to avoid the lawfare waged by the government on privacy-protecting platforms that can hinder them from looking at all the things people are into. After the saga of Bitcoin Fog, Tornado Cash, Samourai Wallet, we are witnessing this development in Phoenix Wallet where its wings are clipped to effectively make it an inutile one.

Cryptocurrency Trading / Re: Opt for the safest exchange?

« on: April 28, 2024, 05:56:51 AM »

During the ICO boom days, I usually got into many exchanges all because when a coin is listed in a particular exchange there is no choice but to work in there. And so I encountered many famous and not-so-famous exchanges most of them were CEXs, Today, I am more into Binance but since it got a big problem with my government I shifted to Bybit and Kucoin since I am a big fan of the convenience of the P2P option. Crypto exchanges have evolved through the years after many of them experienced trials and errors and what we are seeing these days are solid CEXs like Binance, Kucoin, OKX, Bybit, MEXC and so much more. Tested by fire and hailstorm, crypto exchanges must do everything in their disposal to remain safe, secure and solid as hackers are always watching them every minute to look for possible weaknesses. Now, the most important thing is never put your coins on deposit on these exchanges and only use them if you are trading something...this is the top number one rule when dealing with CEXs. With the government exerting their regulatory and taxation power, I am sure that the landscape of this industry is going to be changing and I am hoping that we the small crypto players are to be benefitted with the changes.

Meme Coins / Re: Does Good Luck Play a Role In Crypto?

« on: April 28, 2024, 05:24:24 AM »

Quote from: BitHunter on April 26, 2024, 06:10:56 PM

My curiosity about the whole Good luck thing was actually fueled by a Japanese memecoin for good luck Maneki coz I was curious if people still lean in that direction these days? Plus, if you had to choose one, would you rather buy something that claims to bring good luck or something else that claims to bring bad luck?

I believe that good luck and bad luck can be playing some role in our lives...and this is so true whether one is involved with cryptocurrency or not. Some people can be so lucky while there are those who are not. However, I don't subscribe to the idea that we should be depending on luck alone as we still have to work hard and use our potential to make things come true. Now, to the question whether I would go for something that is promising good luck or bad luck, I don't usually patronize anything like that whether it is a memecoin or anything that I need to buy...but in case it is something for free then I would gladly take it. We have to remember that any product -whether digital or physical - that you need to buy all because it is claiming to be bringing luck is actually so true...but maybe only to the people who are selling or marketing it and I hate to be on the buying side.

Cryptocurrency Trading / Re: Fall of P2P platforms, what's your opinion?

« on: April 27, 2024, 03:25:26 PM »

Quote from: Findingnemo on April 26, 2024, 09:32:05 AM

Do you still use p2p platforms or exchange's P2P?

I am not actually into heavy trading activity but whenever I am planning to convert my coins into cash I would prefer P2P because I find it very convenient, fast and actually safe because of the escrow service by the platform I am into. I got into P2P because of Binance but since it is not anymore allowed in my country, I just shifted to Bybit which is also good for me so far. as for safety and security, we have to be careful in choosing the P2P trader and make sure one is really into reading the details of the offer so there will be no surprise. In my own experience with P2P in CEX exchanges, I find no other good option that is more suited to my situation and area of origin. As for P2P in DEX, I got zero experience with this alternative though I heard of Localbitcoins (closed since 2023) before.

**Cryptocurrency discussions / Re: Note: Stripe did not roll out crypto payments!**

« on: April 27, 2024, 05:54:19 AM »

Quote from: NotATether on April 26, 2024, 04:10:13 PM

Although, I won't deny that it would be a coup if you could suddenly start paying for subscriptions via Stripe using crypto.

Stripe is considered as a big payment platform and its foray into cryptocurrency can be meet with a lot of excitement and possibilities. Alas, I can see that this company is really wading so carefully and do not want to fast-track things maybe to avoid possible mistakes and to make sure it is not upsetting its own market. So one might be asking: how big is Stripe and can it make a recognizable impact in case it would go crypto in full blast? According to this published material: Based in 2022, there are 1.32 million active websites globally using Stripe, with an average of 1,000 companies joined Stripe each day. Stripe processed a global payment volume of $817 billion and as of January 2024, Stripe is valued at $50 billion. Let's hope that there will be more on this development and that all Stripe users will be able to one day use crypto as an option to pay, aside from the usual fiat money. It must be noted that in my country, Stripe has no legal business operation and I am really wondering why it is not attracted to this small but growing market in the Asia-Pacific region.

Cryptocurrency discussions / Re: Safe practices to adhere to in the bull run

« on: April 27, 2024, 05:41:02 AM »

Quote from: MCcabe Rory on April 24, 2024, 08:31:33 PM

Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits?

1. Make sure that you are holding a good crypto portfolio concentrating a lot on solid coins like Bitcoin, Ethereum, SOL and many more...for as long as your funds will allow but don't ever get tempted to use loans or get family members to ride with your activities.

2. Never be tempted with other projects most especially those who are sprouting all over in the SOL network and if you think you want to partake with the excitement learn to limit your exposure and use due diligence so as to limit possible loss.

3. Establish your holding strategy so you won't be rattled with FOMOS which are all common when the market is on the upswing...get yourself the diamond hands and not the weak hands so you won't cry a river.

4. Make sure you are keeping your cryptocurrencies safe and secure so you can avoid the possibility of being hacked or phished...so learn from the horrifying experiences of other people so you won't lose funds.

Cryptocurrency discussions / Re: Can boxing projects stay afloat in the crypto space?

« on: April 27, 2024, 05:33:45 AM »

Quote from: BitHunter on April 24, 2024, 04:45:45 PM

My curiosity is, what percentage of the boxing community are already into crypto and what percentage can this bold step by the founder Oleksandr Usyk actually appeal to? I have to add though, RTF has backing from boxing legends like Mike Tyson, an athlete who has influence well beyond the boxing sphere.

I just checked RTF in CMC and I am a little bit surprised that it is doing good and so far listed in many solid exchanges. So it must be true that RTF has a good backing and is supported by a solid community behind it. So far, I have not heard of any other similar project on boxing so the market for RTF must be good. Though I know of many other sports-related projects even endorsed by top athletes and some of them are also experiencing some level of success in the market. With a famous personality like Mike Tyson behind the project, am sure RTF will be attracting enthusiasts and supporters from all over the world as boxing remains to be a popular sport. I am hoping they get more boxers under their name and who knows soon we can even see Manny Pacquiao endorsing RTF.