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Messages - TomPluz

Pages: [1] 2 3 ... 268
1

To me, this is a really big step in the legalization and securing of the crypto industry. Now CEXs have more options for buying insurance for assets stored in their cold wallets, making the process of protecting user assets more effective. This may only be the first step, other insurance companies will also soon approach and provide the best services for the market, helping to increase trust and pave the way for wider adoption of crypto. I am a CEX user, I love the convenience, features and high liquidity that CEXs can provide. I am currently using Binance so I am waiting for Binance to participate in this insurance product. I would like to know your views on crypto custody insurance...

You are right, in the past as the cryptocurrency industry was not yet maturing, insurance companies are wary of the risks associated with platforms playing in this field hence they were then so reluctant to deal with it and establish a program tailored to it...but this is now changing most especially in the face of the recent approval of ETFs because that is telling insurance companies that the crypto industry has already arrived and is now recognized as a very legit and lucrative one. Now, this can just be the beginning of many more insurance firms offering financial protection to clients doing business in crypto and this can be a very big news.

1. Is insurance really important for CEXs and the crypto market?
Considering the many risks associated with cryptocurrency and the constant threat of hacking especially from North Korean agents, an insured CEX or any other platforms would mean peace of mind to its users and it would elevate the branding of the insured as they can claim that users can experience safety with their funds. This can mean that more and more people would be venturing into the crypto business resulting into the industry definitely coming to the mainstream.

2. Would you trust CEXs more if they used crypto insurance services?
Of course, I would. Now, I m expecting that soon insurance policy would be the normal and can even be required by SEC for CEX to continue doing business as this can surely lessen the risks borne by the investing public. Had there been a good insurance policy drawn by FTX then its thousands of users will not be losing a lot of money and their trust of the crypto industry will not have been squashed. There is a great need for insurance in this sector and we need it ASAP!

3. Which CEX will be on board soonest to insure their users' assets?
I am sure that top crypto exchanges like Binance, Kucoin, Biget, Bybit, OKX, Coinbase and many more would love to avail of a tailored insurance policy that they can depend on in times of trouble. And since these players are making good money, they won't have a problem paying their premiums...and ordinary users like you and me are guaranteed help in case something will go wrong.




2
Sharing our thoughts, views and actions with cryptocurrency may come with some risks most especially since the mindset of some people may not be in line with what we have. Investing with cryptocurrency is a very risky thing but at the same time comes with possible great rewards...and if this tenet is not fully grasped by someone then there can be a big problem once the market will start to be bearish. In other words, we should be careful with whom we are sharing things as you can be blame when things go south.

1 Have you ever shared investment advice or opinions with others?
Yes, but only online and never with people in my circle offline like family, relative, friends or neighbors and maybe because no one is really interested with it so far. I am so willing to share but I know the possible risks and I don't usually tell others of the things I am into. Online, I am always sharing referral links in my social platforms accounts but we know this is a different story and many of my friends online are also into cryptocurrency so there is nothing to be afraid of anymore.




3
Balita Cryptocurrency / Re: SEC delays decision on Binance ban
« on: March 28, 2024, 01:51:21 PM »
Nag kakalasan na yung ibang mga users ng binance mukang wala talagang action si Binance at mukang hindi rin gagawa ng paraan walang update mismo sa telegram nila chaka sa mga email ko walang plano lumipat na rin ako sa ibang exchange bitget at halos ibang assets ko dun sa okx na hirapan lang ako irecover yung dati kong okex account. Pero may konting funds pa ako sa Binance naka short parin tatanggalin ko bukas yung position pag natapos na yung bearish.

Isa lang ibig sabihin nyan talagang ang kapangyarihan ng gobyerno para magpatupad ng gusto nito ay talagang di kaya kontrahin ng ninuman kahit pa ng industriya ng kripto. At dahil may pera na involved mahirap na rin ang kokontra kaya marami ang nag-alisan na sa Binance na wala na rin sigurong plano para makipag-negotiate sa ating SEC para bigyan sila ng permiso para maka-negosyo dito sa Pilipinas...or maybe Binance is thinking this is not the right time to make things here as the exchange is also facing bigger challenges in other areas of concerns. Sa ngayon, talagang goodbye muna sa Binance at salamat sa mga ilang taon din nating pinagsamahan sana ay bumalik ka sa tamang panahon dito sa amin.




4
Philippines (Tagalog) / Re: Saan maganda for p2p transaction?
« on: March 28, 2024, 01:40:18 PM »
Kaka transact ko lang bybit and napa smooth lang din nang transaction. I've been using it like over a month na goods na goods din naman, so maybe you can try din po

Naghahanap din ako ng alternatibo sa Binance kahit nakaka-access pa rin naman ako now at meron pa silang P2P dun pero dahil sa perceived risks baka dun muna ako sa Bybit. Tagal ko ng naririnig ang Bybit na may P2P din para sa ating mga Pinoy na nasa crypto. Ang inaalala ko lang ay siguradong unti-unti ng maging strikto ang SEC sa lahat ng mga malalaking exchanges na tumatanggap ng transactions dito sa Pilipinas. Sana naman ay may magandang solusyon para dito...mahirap sa ating mga Pinoy kung walang magandang CEX na pwede sandigan. Pwede din naman sa Coins.ph at PDAXX pero hanggat maaari ay ayoko muna sa kanila kumbaga last resort na lang silang dalawa.


5

Seems to me that SEC of USA is on a crusade to fight all big crypto exchanges inside and outside the country who are doing business within the mainland. Kucoin has been on the business for years and just like Binance it is one of the top exchanges we have around in terms of business volume handled and influence. Incorporated in the Cayman Islands, the Republic of Seychelles and Singapore, it is respected well in the cryptocurrency industry. The way I am seeing it is that Kucoin can be following the path taken by Binance and I am wondering if what can happen to CZ will also happen to Kucoin founders which is possible imprisonment and not just paying big venalities amounting to millions of dollars. North Korea is taking advantage of the crypto industry by instigating successful hackings...but USA is doing a lawfare in getting what they wanted.





6
Philippines (Tagalog) / Re: Preparation for Possible Ban of Binance
« on: March 28, 2024, 06:56:33 AM »
Meron na ring balita na totally ban na daw ang Binance, hindi na daw ma access, pero ako naka access pa although hindi na ako nag lologin matagal na bago pa pumutok tong balita na to.

Sayang nga lang, pero di ko sure ang VPN kung pwede, baka mas lalo lang tayong magkaproblema kung gagamit tayo nito lalo na kung may naiwan pa tayong coins dun.

Edit: wala na rin pala, hindi ko na rin ma-access ang Binance ngayon.
Kapag sa normal telcos at ISPs natin, hindi na siya maaccess pero sa app nila ay accessible pa rin. Merong mga tricks na ginagawa mga kababayan natin tapos sineset lang nila yung DNS at nakakapag access na sila. Sa VPN, puwede siya at naaaccess siya pero sana walang problema yun kay Binance dahil sila naman ay puwedeng mag adjust kung violation ba yun kung galing ang user nila sa PH.

Kung nagawa ng ibang taga China na maka-access pa rin sa Bitcoin and cryptocurrency business nila na fully banned sa bansa nila at kilala naman natin na strikto talaga ang goberyerno dun, eh dito pa kaya sa atin na lax ang ating gobyerno sigurado magagawan talaga ng paraan para maka-access pa rin pero aminin natin na takot na tayo na baka bigla ma-flag tayo ng NTC o baka kontakin tayo ng atin internet provider para magpaliwanag. At wala na rin sigurong silbi sa akin kung patuloy akong mag-access sa Binance kasi baka mawala na ang mga P2P vendors nila na based sa Pilipinas. Nakakalungkot isipin kasi alam natin na grabe ang pakinabang natin sa Binance na tinuturing kong pinaka user-friendly sa lahat ng CEX at hassle-free halos lahat ng transactions sa kanila. Sa ngayon naghahanap ako ng safe na crypto exchange kung saan meron din P2P na may mga vendors gamit ang Gcash....





7
Gambling discussion / Re: Keep trying you will win
« on: March 28, 2024, 06:49:12 AM »
Are you part of us that are trying our luck in gambling? If you are then drop your own quote to motivate the rest..

Fortunately, I don't belong to the Lucky Gambling Society. I would say that one of the most motivated people in the world are those who are addicted to gambling most especially if one has already tasted the addictive feeling of winning. And they would do anything possible to get the capital required and yes there are even creative people who did many nasty things just to get the jackpot they are craving for...they are motivated so much that they may even risk their livelihood, their family, their job and even freedom just to get there. What a travesty...because if they would be using the same level of motivation somewhere else they can be the next successful CEOs in their localities. These people should realize that gambling is a big business and if they would change position by being in the operator side they can make big money everyday without them doing the gamble themselves.



8
Philippines (Tagalog) / Re: Saan aabot si Bitcoin sa susunod sa buwan?
« on: March 28, 2024, 06:26:21 AM »


Kahapon ay hinintay ko talaga na maging $70K bago ako nagconvert into USDT sa Binance (oo maka-access pa ako sa Binance hanggang ngayon) at nakita ko na mas mataas ng kunti ang rate sa Binance mismo kaysa nakalagay sa CMC. Ngayon, tanong kung saan hahantong ang laro ng BTC sa Abril, siguro aabot sya ng mga $90K ng dahil sa "halving" pero mas maige sana kung lalampas ng $100K bunsod ng patuloy na demand sa mga ETFs kahit bumagal man ng kunti ang demand nito. Tingnan natin kung ano ang magkatooo kasi kung minsan sa Bitcoin price naka factor in na pala ang maaaring mangyari pa lamang so parang kaunti lang ang maging epekto pagdating ng hinihintay na pangyayari. Ang malaking tanong na lang...ilan ba ang Bitcoin mo dyan sa wallet mo na pangharang kung sakaling bumulusok pataas ito.

9
Nakita ko itong thread mo sa Bitcointalk at ni recommend ko na sana makapag create ka rin ng thread tungkol dito ara sa Alcoinstalk community salamat sa pag tugon malaking tulong ito para sa mga darating na araw kung saan totally block na ang Binance sa lahat ng local users dito sa atin. Sa akin accessible pa naman sya pero di na ako nag lolog in muna wait ako sa feedback ng iba nating mga kababayan.

Syempre malaking tulong ito sa mga may mga funds pa na nasa loob ng Binance. Sa ganang akin nakagawa pa ako kahapon ng P2P to my Gcash account at ngayon ay sinubukan kong pasukin ang aking Binance account at wala namang problema napaisip tuloy ako na baka ang dahilan ay ang aking local internet provider hindi kasi ako direct sa Globe so baka di pa nila na-block ang Binance for the time being. Ngayon ay kailangan ko muna maghanap ng alternatibo sa P2P transaction. Pero itry ko rin yung strategy na nasa taas tingnan ko kung okay ba...pero kung wala na ring mga P2P vendors eh wala ring saysay wala na rin kasi akong funds sa loob nalimas ko na naging peso na lahat.


10
Cryptocurrency discussions / Re: What tokens are trending?
« on: March 27, 2024, 05:50:44 AM »
I'm bullish in Solana and it's not too late to invest in it. They have their own ecosystem and many project launching on it. Also they have their own mobile that can generate tokens inside in their ecosystem. It's not that i'm promoting it but in my opinion you should research this and consider it.  :)

Solana really intrigue me a lot. Just weeks ago, I was amazed to see its price approaching $100 and I though that maybe that would be its ceiling for the time being or at least in 2024...but alas it reached almost $200 as of today and there is even a chance its run can go further. So I am wondering, will it one day gained the $1000K zone? Comparing to Ethereum, SOL has 572 million supply while ETH has only 120 million so based on this fact alone and if adoption of Solana will continue on breakneck speed there is really that potential for it to soon grow even better than ETH. Now, am planning to convert my ETH to SOL...do you think this can be a good move?



11
The whole crypto industry is waiting in suspense of how the coming halving will be impacting the price of Bitcoin and other alts as well. We know that ETFs made a staggering push for Bitcoin and with halving to happen days from now there is more likelihood that BTC can cross the $80K zone with ease and may even attempt to make $100K as the goal. Immediately after halving, many are predicting that there can be some dip or correction but this would just set things up for more exciting run as 2024 is burning its months away.

12
Bitcoin Forum / Re: Has BTC really become more attractive than gold?
« on: March 27, 2024, 05:29:30 AM »

As what Robert Kiyosaki has been recommending for the past many months, Bitcoin, silver and gold are the top investment vehicles one should get into as the global economy can be facing a lot of pressures in the next coming years. However, we know that Bitcoin is the most exciting among the three and it is because it is the most volatile where the price can go up and down as fat as we are blinking our eyes where the prospect of gains  and loss can be staggering. As for gold and silver, they are good options too and in fact attracting many investors and traders as well but we know that Bitcoin is more accessible to many.

1. Are you investing in BTC or gold?
Between Bitcoin and gold, I am into Bitcoin ever since I got involved with cryptocurrency since many years ago but it does not mean I got a huge portfolio of it. Gold is less accessible compared to Bitcoin and if one will accumulate physical gold then it can be a big hassle protecting and transporting and that is why many people love Bitcoin as a store of value and a speculative asset. I am not saying though that gold is not a good option, it is not just for me as of now.

3. Do you think BTC has become more attractive than gold in the investment sector?
I understand that it would be difficult for me to quantify if gold has become less attractive compared to Bitcoin as gold has a marketcap much. much bigger than Bitcoin. However, when we talk on excitement then Bitcoin is the winner and as what I said above it is more accessible for the many. Plus its volatility can mean that an investor can earn a good ROI even just two weeks or a month after starting on the journey...something that one may not be experiencing with gold as it tends to be more stable.

3. Have people like Peter Schiff accumulated a lot of BTC while still badmouthing BTC in the media?
I am not sure what lead Peter Schiff to be an anti-Bitcoin personality when in fact anybody can invest on both and they are good investments as far as I can see. In fact, there is actually no need to choose between the two...if you have the money then go for gold and also for Bitcoin. This is not like electing a president of the country where you can only select one...we can have all the gold and Bitcoin we want for as long as one has the money to do so.



13
Meme Coins / Mesmerized by Meme Coins?
« on: March 27, 2024, 04:30:21 AM »

There is no question that we are now in the new er where cryptocurrency is here to stay and will continue to even grow further into the future and with its influence already now recognized by many financial institutions and many governments we can be sure its future will be solid, strong and prosperous albeit the presence of government's regulatory power can be creating some tug-of-war from time to time.

Within the cryptocurrency industry, one of the many things that really mesmerized me is the commanding presence of meme tokens.   As defined, meme token or coin "is a term used to refer to cryptocurrencies named after characters, individuals, animals, artwork, or anything else that can be mimicked. Most are supported by enthusiastic online traders and followers and are generally intended to be light-hearted and fun. While meme coins may be entertaining to some, they are also highly risky investments and may hold little or no intrinsic value." Considered as the official meme coin, Dogecoin was released intended as a joke but then it slowly catches fire and supporters and today it even got Elon Musk as its most famous supporter and promoter...such an achievements are certainly not a joke, for sure.

In my humble view, I would compare meme coins or tokens to comedy movies which are intended to make people laugh and be entertain but looking at them as a business model they can be bringing in gargantuan money to the box-office with the support of the viewing public.

What are the meme coins included in your portfolio as we are waiting for the bullish season to peak in 2024 and 2025?










14
Cryptocurrency discussions / Re: What tokens are trending?
« on: March 27, 2024, 04:09:27 AM »

We are in the bullish season so naturally there will be coins and tokens that will be trending because of their sudden and solid rise in the crypto market. Just recently, I saw how excited are the supporters of BOME as it made its mark significantly in the market. And we also have Solana which did not failed its holders as it made a skyrocketing ascent to the top of the chain. There are more in CMC and you can just inspect on their chart to see how they defied the odds and made them so remarkable. As far as meme tokens can be concerned, I find PEPE, dogwifhat, BONK and MEME to be outstanding and may continue to be gaining strength in 2024. However, one must be careful in dealing with these flashy digital assets as there many of them that are not actually bringing real value but just here because of the generated hypes especially from the people promoting them so make some profits while the iron is hot and drop them when they start to get cold. Good luck on your hunt.

15
Of course, they will be diving big time to cryptocurrency as they are seeing that big potential to create more profits in here. Just like greedy sharks, they can smell blood even from afar and with cryptocurrency it is happening right within their noses. And this can be a big validation to the crypto industry most especially top digital assets like Bitcoin and Ethereum where we already have the ETFs for the former and maybe coming for the latter. When clients of big financial institutions are demanding to have a slice of the profits, they have no choice but to listen to them and so they are making ways to be a part of the action in one way or another. Years from now, we can then evaluate if the presence of these new whales is doing the crypto industry good or they are just like a big nuisance you can't take away anymore.

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