follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Topics - TomPluz

Pages: [1] 2 3 ... 15
1
Cryptocurrency discussions / 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?










2
Quote
Robert Kiyosaki, author of the renowned personal finance book “Rich Dad, Poor Dad,” predicts $100,000 Bitcoin by September and views the current economic landscape.

Kiyosaki, known for his insights on wealth-building and investment, announced his plans to purchase 10 more Bitcoin before April, emphasizing the upcoming Bitcoin halving as a significant event for potential investors.

He suggests that those who cannot afford a whole Bitcoin might consider buying a fraction of one through the Bitcoin ETFs or Satoshis, hinting at the possibility of owning an entire Bitcoin by year’s end if the process unfolds as expected.



Taken from here: https://crypto.news/robert-kiyosaki-predicts-100k-bitcoin-by-september/


The bullish season of Bitcoin 2024 is also the time when the media seems to be getting fond of Bitcoin evangelist Robert Kiyosaki as he is not shy to predict a rosy picture for this asset. Known to also love gold and silver, he had since then embraced Bitcoin as part of his own portfolio and is always telling others to follow the same path towards financial independence. His latest prediction of September 2024 BTC at $100K seems to be doable...in fact in my own opinion this is already too long because I am hoping the $100K level to happen around June or July. Anyway, these are all speculations and only time can validate with whatever we are saying here since nobody actually possesses the crystal ball of the future. So what do you think...do you have a good prediction of your own for Bitcoin within the time-frame of 2024?





3
Quote
Two Democrat Senators are urging the Securities and Exchange Commission (SEC) to block any further crypto exchange-traded products (ETPs) to protect retail investors from risks associated with poor broker disclosure and thin liquidity in major cryptocurrencies.

Sen. Jack Reed (D-R.I.) and Sen. Laphonza Butler (D-CA) write that a FINRA survey disclosed that 70% of brokers’ communications with retail investors violated fair disclosure rules.

The Senators also argue that by naming bitcoin exchange-traded funds as such, the name “obfuscates important characteristics about these investments.”

“Retail investors should be made aware of how these ETPs differ from more common funds which they may have experience,” they said in the letter, writing that bitcoin is not subject to the same protections under the Investment Company Act of 1940 that ETFs which hold shares of various companies would have.



Read more here: https://www.coindesk.com/policy/2024/03/15/democrats-ask-secs-gensler-to-block-approval-of-more-crypto-etps/



Though I am a little bit sympathetic with the concerns raised by the two Democrat senators, one thing is clear to me that there are more people in the Democratic Party who are not so friendly with the cryptocurrency industry although they received a lot of donations coming from famous players like SBF. So can we then expect that SEC will put a halt with approving more ETFs into the future and do you think this can be affecting the ETF for ETH?






4
Quote
The token targets a U.S. senator who has frequently criticized the cryptocurrency industry. Meme coin traders are flocking to a derogatory cryptocurrency that attacks Elizabeth Warren, the Massachusetts senator and prominent crypto critic. Meanwhile, cryptocurrency exchange Coinbase is running awkwardly in the other direction.

The trading giant on Wednesday nixed a webpage that for a short while promoted "how to buy Elizabeth Whoren in United States." Links to the auto-generated webpage instead reverted to a more generic hub for buying crypto in general.

"These pages are automatically generated based on tokens that have been created by third parties," a Coinbase spokesperson said in a statement. "They are informational only, do not endorse any asset, and do not indicate that the assets are available for trading on Coinbase."



Read more here: https://www.coindesk.com/business/2024/03/13/coinbase-nixes-page-promoting-elizabeth-whoren-meme-coin/





Just like many people in the world of Bitcoin and cryptocurrency, I am not a big fan of Elizabeth Warren not only because she has been the big voice opposing cryptocurrency by espousing many ideas and proposals to limit the growth of the industry and subsequently kill it but also because she is part of the leftist leaning side of the Democratic Party bent on controlling people according to their socialism ridden principles. And finally, this anti-Elizabeth response is being encapsulated with her own meme coin called as Elizabeth Whoren...a name which is really derogatory, to be honest. Maybe they can think of something else so that there can be more supporters of this meme coin. Would you be willing to buy and take some risks with this Whoren coin?











5
Quote
Warren Buffett Says He Wouldn't Pay $25 For All The Bitcoin In The World – He Considers Crypto 'Rat Poison' And Warns: 'I Can Say With Almost Certainty That They Will Come To A Bad Ending'

Buffett has been vocal about his caution toward Bitcoin and the broader cryptocurrency market, predicting a grim outcome. “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,” Buffett said.

As the cryptocurrency debate rages on, with enthusiasts and skeptics voicing their opinions, the insights of experienced investors like Buffett provide a valuable counterpoint to the frenzy.



Get more details here: https://finance.yahoo.com/news/warren-buffett-says-wouldnt-pay-175917403.html



Let me talk about two great guys, popular with all of us not just in the world of crypto, of course. I am sure we are all familiar with Robert Kiyosaki, famous author of Rich Dad, Poor Dad and he is so strong on his advocacy for people to get into Bitcoin and gold, like as safe haven to protect one's investments and wealth as the global economy can be facing headwinds in the years to come. Now, opposite to Robert Kiyosaki is Warren Buffet, a very known successful investment mogul and head of Berkshire Hathaway, a conglomerate with solid performance since 1839. With net worth of $134 billion, Warren Buffet is seventh-richest person in the world. With Buffet's great success, people are looking to him for ideas and recommendations. However, this 93-year-old guy is not a big fan of cryptocurrency including Bitcoin as he is seeing no value at all with something he can not see, touch and feel and is one of the few predicting that eventually Bitcoin can crash and become nothing at all. Now, if you happen to be his nephew or niece, what would you tell him to reconsider at least Bitcoin or would you rather not change his stand on Bitcoin and just borrow money from him to buy more Bitcoin?






6
Quote
Bitcoin's bullish trend bolstered by institutional demand and shifting investment patterns. Bitcoin’s price is primed for a surge that could hit record-breaking highs this week, according to a 10X Research report shared with CryptoSlate.

The report outlines key factors driving this bullish momentum. It suggests that Bitcoin will experience a significant upswing if the outflows from Grayscale’s Bitcoin ETF drop below $100 million while substantial inflows continue to BlackRock.

These ETFs, launched in January, have notably influenced Bitcoin’s price, propelled by institutional demand. Markus Thielen, the founder of 10X Research, said this influence contributed to a notable 43% increase, amounting to $18,615, in Bitcoin’s price during February.



Read more here: https://cryptoslate.com/record-breaking-bitcoin-price-surge-on-horizon-as-otc-desks-dry-up-10x-research-predicts/




As I am writing this post, Bitcoin is magnificently standing at $68,109.28 and we are expecting more as days of March are leading us to the next halving event around April. Fueled by the SEC approval of 11 ETFs in January, we are now witnessing the big effect of that move, pushing the demand of Bitcoin to a new level...and now some people are already talking on supply crisis as OTC sources are drying up. Bitcoin is surely now making a new ATH in its history. CoinMarketCap says bitcoin (BTC) peaked at $68,789.63 in November 2021. CoinGecko has the largest figure, claiming that bitcoin’s all-time high is $69,044.77, also set in November 2021. Definitely, 2024 will be a big year to remember for Bitcoin and there may not be another year like we are experiencing right now.









7
Quote
A new report by JPMorgan warns of a looming price correction for the world’s top cryptocurrency. Bitcoin’s price—above $63,000 on Thursday—has reached heights not seen in two years, but the coin’s upcoming halving event could push prices down to $42,000, according to analysts at JPMorgan.

“The Bitcoin production cost has empirically acted as a lower bound for Bitcoin prices,” the analysts wrote in a report released Wednesday, estimating that post-halving production costs could double to about $53,000. This could cause a 20% decline in the Bitcoin network’s hashrate, meaning fewer miners would be competing to produce Bitcoins simultaneously.

“This $42,000 estimate is also the level we envisage Bitcoin prices drifting towards once Bitcoin-halving-induced euphoria subsides after April,” the analysts wrote.



Read more here: https://fortune.com/crypto/2024/02/29/bitcoin-correction-jp-morgan-april-halving/



This is interesting to hear this somewhat "dark" prediction for Bitcoin after the halving, courtesy of an analyst working in JP Morgan. Well, anything can happen with Bitcoin and this prediction can be true or false...as we would see after the halving. Just like many of us here, we are used to predictions for Bitcoin reaching a new ATH and setting a new record on or around $100K into year 2025.

1. Do you think this analysis from JP Morgan is based on historical precedents or just their own biased opinion which mostly will come flat and just be forgotten after?

2. Do you have your own prediction as to the price of Bitcoin after the halving...and would there be a big crash after this quadrennial event?






8


Quote

2024 has unfolded as a flourishing year for bitcoin’s valuation, as its market capitalization breezed past the $1 trillion milestone, positioning the cryptocurrency as the world’s tenth-largest asset by overall market valuation. This uptick in price has significantly boosted the net worth of Bitcoin’s mysterious creator, Satoshi Nakamoto, elevating the value of the inventor’s holdings by almost $9 billion within the last two months.

It is believed that upon the inception of the Bitcoin network, its founder, Satoshi Nakamoto, also mined the digital currency, amassing between 1 and 1.1 million BTC. The consensus among most estimates suggests that Nakamoto likely gathered around a million coins. Holding a million bitcoins places Nakamoto’s net worth at approximately $51.56 billion. Furthermore, were Nakamoto to be ranked on the Forbes Real-Time Billionaires list, the creator of Bitcoin would stand as the 26th richest individual globally.


Read more here: https://news.bitcoin.com/satoshi-nakamotos-growing-fortune-nears-entry-into-worlds-top-25-richest-individuals/



As Bitcoin rises in price, the value of the total BTC that Satoshi Nakamoto mined is now pushing him to be the 26th richest person in the whole world. Yet we know that up to now, he is not yet cashing in with this great fortune and there is no certainty if the man is still alive or already dead...that is to assume that he is an individual and not a group of people. Will Satoshi Nakamoto become a very rich person who has not taken advantage of the money that he should be enjoying...or will we see one day a movement in one of the wallets where his BTC is stacked?








9
Quote
Senator Cynthia Lummis has expressed support for Bitcoin mining in the United States, marking a significant development for the BTC mining industry.

During her remarks, Senator Lummis highlighted the innovative potential of Bitcoin mining to act as a catalyst for the energy sector. By creating demand for surplus and unused energy, Bitcoin mining operations can incentivize the development of renewable energy sources and the utilization of energy that would otherwise be wasted in turn, fosters more sustainable energy practices and contributes to the growth of the green energy sector in the United States.

Sen. Lummis is actively inviting Bitcoin miners to consider Wyoming as a prime location for their operations. Wyoming has positioned itself as a forward-thinking state in the realm of cryptocurrency and blockchain technology, fostering a regulatory environment increasingly supportive of digital asset businesses. Senator Lummis, by extending this invitation, not only advocates for the cryptocurrency sector’s growth within the state but also underscores the potential economic benefits, such as job creation and technological innovation.



Read more here: https://azc.news/senator-lummis-paves-the-way-for-bitcoin-mining-growth-in-the-u-s-id16438/



I am really hoping that more and more politicians will be supporting Bitcoin and its mining as well...looking at it not as an enemy of the environment but instead as a catalyst for more development of green energy and to reenergized a part of the  economy as well. Lummis is certainly presenting a clear voice for Bitcoin mining as there seems to be a movement to soon have it kick from the United States due to its heavy energy requirement. As someone coming from Wyoming, the Senator is offering his state as possible location for miners to consider doing business so those in the states feeling the heat should gradually take a look at this offer.







10
News related to Crypto / Bitcoin Touched But Failed at $53K
« on: February 24, 2024, 05:15:06 AM »
Quote
Bitcoin surged by several hundred dollars, hitting $53,000 for the first time in over two years, only to face a swift and forceful rejection. Yesterday witnessed a notable surge in Bitcoin, propelling it by several hundred dollars and reaching the $53,000 milestone for the first time in over two years. However, this achievement was short-lived

The leading cryptocurrency, Bitcoin, had been demonstrating an impressive upward trend in recent weeks, escalating from under $40,000 to surpassing $50,000. This surge was fueled by the positive response to recently approved spot Bitcoin ETFs in the United States, attracting substantial investment in the initial weeks of trading.

Although Bitcoin’s price had flirted with the $52,000 mark on multiple occasions, it struggled to sustain the momentum required to breach the $53,000 threshold. Yesterday, the bulls made another attempt to push the price higher, successfully touching the coveted level and marking a new high since late 2021.


Read more here: https://azc.news/bitcoins-53k-push-sparks-300m-id14219/






Currently standing at $50.897, Bitcoin seems to me is taking some time to energized itself and be ready for the next attempt to go beyond the $53K mark and it is saying that once is not enough and there will be more until success has finally come down from heaven for all to enjoy. Personally, I am expecting that before the end of February, BTC can already be hovering into $60K though am willing for a compromise so maybe $56K will do for me. So guys have you got your Bitcoin ready for the biggest actions yet in this bullish season?









11
News related to Crypto / Finland: Europe's Next Crypto Mining Giant
« on: February 22, 2024, 07:41:44 AM »
Quote

Finland is emerging fast as an attractive place for crypto mining due to its relatively cool climate, which helps with cooling mining rigs, and its abundant renewable energy sources. Finland has a stable political and economic environment, which can be beneficial for long-term investments like crypto mining operations.

Miners in Finland see the country as an attractive location due to the unique situation of near-zero energy costs during periods of overproduction has attracted the bitcoin mining industry to the Nordic region. In 2023, electricity prices in Finland fell below zero due to surging hydropower, nuclear energy, solar, and wind.



Read more here: https://cryptonews.com/exclusives/why-finland-could-be-europes-next-crypto-mining-giant.htm





Now, I will not anymore be worried just in case the United States of America will one day decide that Bitcoin mining is not anymore permitted to be done within the country due to many reasons primarily because it is against the "law of the environment" and can be making climate change even more destructive, as debatable as they can I know. As the cost of power and its availability are important factors for Bitcoin mining's viability and profitability, there is now a wider interest of miners to locate in this region in Finland and the government seems very much open to the idea. Can we then consider Finland to be the ideal location for miners of cryptocurrency today and in years to come?










12

Quote
Robert Kiyosaki, author of the best-selling financial book “Rich Dad Poor Dad,” has once again made a bullish case for bitcoin price. On Sunday, he took to X (formerly Twitter) to declare, “BITCOIN to $100k by June 2024.” This bullish forecast further cements his position as a prominent advocate for cryptocurrency and “hard assets” like gold and silver.

Kiyosaki’s stance aligns with his long standing criticism of the Federal Reserve and its monetary policies. He frequently accuses the Fed of harming the economy and favoring the wealthy. In a previous tweet, he stated, “Don’t Fight the Fed? I say ‘F the Fed.’ Buy gold, silver, Bitcoin.”

This criticism extends to traditional financial advisors, who Kiyosaki claims steered clients away from Bitcoin and other hard assets to earn commissions. He recently celebrated a perceived shift in their stance, suggesting they are finally warming up to Bitcoin’s potential.



Read of this topic here: https://cryptonews.com/news/bitcoin-price-to-hit-100k-by-june-predicts-robert-kiyosaki.htm





I would consider Robert Kiyosaki one of the most visible and strong supporter of Bitcoin and he has been on the news lately promoting assets considered to be safe haven like BTC, gold and silver in case something wrong could happen with the USA economy which can drag the global economy to a halt and running away inflation coming in. Belonging to the older generation which we assumed can be reluctant to take in Bitcoin as an investment asset, he is spewing warnings on what can be and telling people to safeguard their wealth by buying and owning Bitcoin - as well as gold and silver, of course. With his $100K prediction, I think that it is very much doable right after halving and ETFs still a big force in the market. What is your take on this man's predicting power?














13

Quote

During last year’s terrorist attacks in Israel, crypto was quickly blamed for funding the violence. Critics, however, have challenged this claim, pointing to a lack of substantial evidence. A key testimony from Brian Nelson, the US Department of the Treasury’s Undersecretary for Terrorism and Financial Intelligence, has further shifted the narrative.

Nelson clarified to lawmakers that the role of crypto in terrorism financing has been overstated. The Wall Street Journal initially linked substantial crypto payments to groups like Hamas. This was based on misinterpreted data from Elliptic, a blockchain analytics firm. However, subsequent data from Elliptic painted a different picture, leading to a revised report.



Taken from: https://beincrypto.com/us-treasury-clears-crypto-terrorism-financing/



I am sure that this good news for the whole cryptocurrency industry so that we can clear once and for all this wrong misconception that crypto is a big financing medium for terrorist everywhere. While we must not deny that crypto can be used, the majority of the money are still done the traditional way using fiat. so instead of focusing on crypto making so strict regulatory measures, why not lawmakers focus on fiat instead? Many of the assumed biases on cryptocurrency in general and Bitcoin in particular are now starting to crumble against the facts and realities presented to us including this terrorist tag and the famous "Bitcoin is anti-environment" narrative.







14
Quote

Sparks flew this week at the Bloomberg New Economy Forum as political heavyweight Hilary Clinton squared off against crypto advocate Mike Novogratz, CEO of Galaxy Digital, over the fate of the US dollar. The fiery exchange centered on Bitcoin’s potential role in de-dollarization, a trend where countries reduce reliance on the greenback for international transactions.

The former Secretary of State fired the first shot, warning that Bitcoin’s rise could “undermine the Dollar as a reserve currency,” citing its influence on de-dollarization efforts like those by the BRICS Group. This echoed growing concerns about the dollar’s long-term dominance, fueled by factors like geopolitical tensions and rising US debt.



Source: https://coinmarketcap.com/community/articles/65c91ee96fbd8439f8241fbd/



In my analysis, we can finally say that those in the top are now feeling the possible de-dollarization phenomenon where the USA Dollar is going to lost its revered status as the global reserve currency used in almost all international transactions between countries and people. Once this can happen, then we can see the standard of living of most Americans plummet considerably and the country's international leadership and hegemony slashed dramatically. But is Bitcoin a culprit for this? That seems to be what convinces the former first lady and failed presidential candidate Hillary Clinton is telling others in that Bloomberg forum. Good to see Mike Novogratz, CEO of Galaxy Digital, a known Bitcoin supporter and promoter, counteracting what Hillary just presented. Personally, I do agree that to some level Bitcoin can be affecting the dominance of the dollar but not as much as what reckless politicians in Washington are doing and not as much as printing money and spending billions for other others can do. I do believe that Bitcoin can even be helping the country and its economy in more ways than one. Do you think it is good to see Bitcoin pitted against the dollar or is there even a merit with this debate?




15
Quote
Bukele’s re-election victory is a testament to El Salvador’s overwhelming support for his decisive crackdown on gang violence. El Salvador’s president, Nayib Bukele, known for his support for Bitcoin, declared victory in the 2024 presidential election on Sunday before the official announcement of results by the electoral body.

President Bukele had won 85% of the votes in the election. He announced victory before the official result was released, claiming he got more than 85% of the votes.

The landslide victory came despite international concerns over El Salvador’s democracy under Bukele. Voters instead focused on Bukele’s policies tackling gang violence and adopting Bitcoin as legal tender.



Source: https://www.cryptotimes.io/bukele-wins-reelection-in-el-salvador-vows-for-bitcoin-push/




As expected, President Nayib Bukele of El Salvador made a very heavy landslide victory in its election held the other day. With 85% of the votes, he got a big mandate and an approval of his many policies focusing on gang violence and support for Bitcoin as country's legal tender. I am happy with his win and I am sure many Bitcoin supporters feel the same thing too. Certainly, we can be sure that there will be more developments centered or related to cryptocurrency from this small country and be the leading example of how a country can use Bitcoin to its economic advantage.





Pages: [1] 2 3 ... 15
ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod