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Messages - Senin

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2
The problem of scaling and high transaction fees in the Ethereum network in recent years have been one of the main problems that have been solved for a very long time, but such problems still exist. But the good news is that Buterin and other developers of this network are constantly looking for and finding new ways to solve them. But again, we don't see a time frame for when these issues will be resolved. Because of them, Ethereum has already lost part of its reputation.

3
I am optimistic that once the Bitcoin ETF is successfully approved by the SEC this year, 2024; there is the possibly of an ethereum ETF in near future. I think that the success of the Bitcoin ETF will determine wether there may be other ETF, for instance, ethereum, Binance, Tron, Solana, polygon ETFs. Now, Do you think other ETFs could follow Bitcoin ETF? Just your thoughts, thank you.
So far, hopes for the emergence of spot ETFs with Ethereum are very slim. The fact is that the regulator (SEC) still calls Bitcoin exclusively a product, while “the vast majority of cryptoassets for it are investment contracts, that is, securities.

In other words, the hope for the imminent emergence of spot ETFs with Ethereum and other altcoins is unfounded for now. However, a number of media outlets attribute the surge in Ethereum over the past 24 hours to precisely this circumstance.

4
Bitcoin Forum / Re: Bitcoin ETF Officially Approved
« on: January 12, 2024, 12:17:35 PM »
Finally, the long-awaited event by the Bitcoin community, everyone was waiting for this approval and the big positive results it will have on the market.

Of course, it is expected that the positive effect will begin to appear and cause successive waves of rise in the price of Bitcoin, but what concerns me more than the rise in price is the imposition of a fait accompli and recognition by the American government that is most hostile to Bitcoin.

This approval is an implicit recognition of Bitcoin by the US government. Bitcoin has become an integral part of the global economy and no one can ignore it anymore.
This is not yet recognition of Bitcoin by the US government. The first application for a spot ETF, filed with the SEC back in 2013 by the Winklevoss brothers, was rejected in 2017. Despite the passage of time, the SEC's views on the nature of digital assets have not changed at all. Here's the statement he made with yesterday's approval of exchange-traded funds:

“...Bitcoin is primarily a speculative, volatile asset that is also used for illegal activities, including ransomware, money laundering, sanctions evasion and terrorist financing. Today we approved the listing and trading of certain shares of the bitcoin spot ETP, but we did not approve bitcoin."

The general message of the statement is that the SEC would have continued to prevent the emergence of an investment product if not for the judges’ peculiar interpretation of the securities law. A further waiver was no longer possible following the appeals panel's decision in favor of Grayscale in a case involving the conversion of a trust fund into a spot ETF.

5
I ones had Xrp coin at the price range of 0.4$ during the dip market. But I sold it in lesser profit cause of fear of Accumulating big losses. But with the potential Xrp showing now in this bullish momentum would it be safe to hold Xrp. Because right I'm really feeling FOMO.

I see your post in December 2023, I think It's still relevant to comment.As  you said , You bought XRP at 0.4 $ and I see XRP price is $ 0.6 now.
I think XRP price is increasing and will be more increase at the next year. I suggest you hold your XRP.
XRP has existed on the cryptocurrency market for a long time and over this period has proven its safety for investment. I'm not that interested in XRP, but if it was $0.6 in December and now it's $0.6 when virtually all cryptocurrencies have gone up since the Bitcoin Spot ETF was approved, I don't see it making any significant difference. price progress. But like other potential cryptocurrencies, this coin is worth investing in now before the Bitcoin halving.

6
On 8th Dec The Ethereum Price Surgeed It reached the highest level in 18 months speculation says that it is the impact of Bitcoin ETF and the market predicted that the Ethereum price will reach $3000 What do you all think will ETH break its ATH Share your valuable opinion
Spot Bitcoin ETFs were expected to be approved by the SEC today, January 10th. In the morning, information about the approval of Bitcoin ETFs even appeared on the X network on the SEC channel. The price of Bitcoin rose sharply after this to $47,000, but a few hours later the SEC issued a denial about this approval and explained that the SEC account had been hacked. The price of Bitcoin then dropped again to its current $45,370.

At the same time, the price of ethereum continues to rise and now stands at $2,390, an increase of more than 5 percent per day. I believed that the price of ethereum would also decrease following the price of bitcoin.

7
Jim Cramer's statement that Bitcoin had reached its price peak when it rose to $47,000 at the time turned out to be prophetic for the near term in that the peak would be followed by a fall. Now the price of Bitcoin has fallen to $45,144, as information has emerged that the SEC has not yet approved spot Bitcoin ETFs. Now the price of Bitcoin has fallen by four percent, but the price of Ethereum, on the contrary, has increased by more than four percent.
At the same time, the halving is approaching. This means that Bitcoin will soon grow in price very highly, regardless of the actions of the SEC.

8
It obvious that everything about cryptocurrency is strictly under regulation by the US government. I am sure the Tax law is to confirm US readiness to checkmate every crypto transactions, and also get some benefits, that is, to generating revenue having seen the amount of money that is intering into the crypto economy.
If cryptocurrency existed on its own and was used by people without contact or conversion with fiat, perhaps states would not seek to regulate it so strictly. However, cryptocurrency is converted into state currency and vice versa, which directly affects the interests of states and their financial system. Therefore, it is not surprising that states will regulate the circulation of cryptocurrency. But the good thing is that by regulating, states are simultaneously legalizing cryptocurrency.

9
The 1.2-ton Peregrine lander was launched early on January 8 from Cape Canaveral, Florida, on a Vulcan rocket. The lunar expedition was organized by competitors of Elon Musk and his Space X in private space exploration.

However, Astrobotic, which developed the Peregrine lunar lander, has already reported engine problems that jeopardize the mission. Peregrine experienced problems within hours of separation from the Vulcan launch vehicle. Astrobotics said that due to a malfunction, the module was “unable to achieve a stable position with orientation towards the Sun” to charge the onboard batteries. As a result, the engineers were able to successfully deploy the module in the desired direction and charge the batteries, but then problems arose with fuel. Depending on the level of losses, this may indicate that the module is being transferred to an alternative orbital trajectory instead of attempting to land, or the mission is being canceled altogether due to the inability to control its course or position.

Peregrine's payload, in addition to physical Bitcoin, includes a Ukrainian flag and map of Ukraine donated by Spacebit founder Pavel Tanasyuk, works of art, a Japanese time capsule containing 185,872 messages from children around the world, and cremated ashes of people (including celebrities such as Star Trek creator Gene Roddenberry and science fiction writer Arthur C. Clarke).

https://itc.ua/news/myssyya-peregrine-veroyatno-ne-dostygnet-luny-yz-za-krytycheskoj-potery-toplyva/

https://www.bbc.com/russian/articles/c1vy9yddlzdo

10
The Russians invading Ukraine has taken different angles now. Russians now even accept crypto payments bypassing the economic embargo that the US and the Western world placed on it. So those the US SEC is now reigning in now hard on crypto as we see
There is no other choice but to use Cryptocurrency because so far the best way when it is prohibited to use USD to purchase basic necessities in Russia is to implement Cryptocurrency as an alternative payment that can make transactions easier. With this policy, it should be able to provide benefits for Cryptocurrency users because the exchange value will definitely increase to become very expensive.
But Russia has passed a law that prohibits the use of cryptocurrency as a means of payment. The Kremlin will not deviate from this position and will not allow ordinary citizens to freely move the capital that the Kremlin needs to finance the war in Ukraine.

If necessary, government agencies themselves can circumvent their laws regarding prohibitions and restrictions on the use of cryptocurrencies, but citizens will be obliged to comply with them.

11
Cryptocurrency discussions / Re: KYC bad decision?
« on: January 08, 2024, 08:37:02 PM »
We can talk for a very long time about the bad or useful qualities of KYC checks, but this will not at all affect the further spread of KYC in the cryptocurrency market. Almost all exchanges will sooner or later succumb to pressure from states and their governments and will require us to undergo KYC, otherwise states will close the cryptocurrency exchanges themselves. This must be taken into account and prepared for in advance.

The current tense situation with various military conflicts in the world will only accelerate this process. States simply cannot allow large amounts of cryptocurrency to move on their territory without their control. The question is not even that they want to control everything, but that cryptocurrency can be used to harm the interests of society.

13
In my country, crypto is illegal as a payment tool. But it is legal to use as a digital asset. We have the laws that regulates the matter about payment tool, it only legalizes our national currency. I think it is okay to use crypto for digital assets, we can convert them to our national currency if we need fiats. As long as it can be used for investment, I believe there will be more development and adoption of crypto in my country.
As practice shows, the circulation of cryptocurrency is prohibited in states with an authoritarian form of government, where the rights of citizens are infringed, so the government is afraid of losing control over the financial sector of the economy, and this means the end of their economic power of violence. Cryptocurrency gives relative financial freedom to people, and this is very dangerous for such governments.

Democratic states, as a rule, allow the circulation of cryptocurrencies, developing only moderate control over their circulation in order to avoid abuse by individuals and establish uniform rules for their legal circulation in society.

14
When several important countries start waging war, it will have a very serious effect because, of course, a country has products that are often exported to several countries that have already entered into contracts to purchase them for the next few years, so that when the war doesn't stop, it will disrupt the economy. in that country, and the worst possibility is that all countries will join the war until the world's technology is destroyed.
War is not a natural disaster that comes suddenly and for no apparent reason. The most effective way to prevent the negative consequences of war is to create an international mechanism that would not allow war or would quickly and harshly respond to the aggressor’s attempts to start a war.

Unfortunately, today we do not have such a mechanism. The UN can only endlessly urge the warring parties to resolve conflicts diplomatically. In Russia's war against Ukraine, this sounds blasphemous due to the fact that Russia is trying to seize the territory of Ukraine and destroy all Ukrainians who will be against their forced Russification. For Ukraine to sit down at the negotiating table is to deliberately agree to give Russia a significant part of its territories (and Russia has already included four regions of Ukraine in its composition) together with the Ukrainians living there under Russian repression, which is unacceptable for it.

The democratic world needs to unite and create a governing body without representatives of authoritarian states, which would have the right to quickly deploy international military coalition forces anywhere in the world to prevent or suppress any aggressive wars.

15
Bitcoin Forum / Re: Bitcoin price changes in the new year.
« on: January 05, 2024, 01:37:33 PM »
At the beginning of the new year we saw the price of Bitcoin touch 45 thousand dollars and to catch it is the highest price for last year and this year. Bitcoin reached $45k early on so we think Bitcoin may be signaling a positive move again. Compared to every other year, the movement of Bitcoin seems different because every year Bitcoin market is negative but this year Bitcoin market along with some other coins market is positive. It wouldn't be surprising if the market reached $50,000 this year. We investors may have been waiting for a long time for the market to touch $50k and it looks like it will happen very quickly.
I expect that until April, when Bitcoin halving is due to occur, its price will continue to rise and fall many times over. But in general, by this time it may well rise to 50-55 thousand dollars. Of course, its price will be significantly affected by whether spot ETFs are approved on January 10th. There are different opinions on this matter and there is a high probability that this will not happen in January. But with or without an ETF, Bitcoin will increase in value by the end of this year.

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