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Messages - TomPluz

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News related to Crypto / Re: Fake Trump Coin Offering Spreads Online

« on: April 19, 2024, 11:39:58 AM »

Quote from: robelneo on April 17, 2024, 06:41:46 PM

This is meant to discredit Trump because he is running in the next election, I don't know his chances he better groom himself this early, news like this is bad for his image.

This scam is riding on the popularity of a certain personality and as of now Trump remains to be the leading figure in the upcoming November presidential election and Biden is trailing behind in many polls, despite the many cases filed against Trump. In fact, if election is held today Trump will be the runaway winner. I remember that there was also a similar scam that used the supposed endorsement of Elon Musk and it was unfortunate that there were still people who got victimized despite the obvious tell-tale signs that it is nothing more than a fraud. Now, this will not in anyway affect Trump in his election bid as he is a very resilient man...am more concerned on the lawfare thrown on him left and right and the ongoing biased mainstream media working against him. Yes, in the past, there had been many Trump-inspired memecoins but most of them are dead now but there is one particular coin called as MAGA and is enjoying a good price in the market. While I understand well the meaning of MAGA, I am not sure what can be the connection with this with the ex-president if there is one. We should be careful not to be deceived by people who are using their creative prowess to victimize people...and they can even be based in North Korea, Nigeria or even in Cambodia.

Bitcoin Forum / Re: ordinals and inscriptions

« on: April 18, 2024, 04:21:44 PM »

I am sorry to say that this is one big thing that I don't like with Bitcoin and sometimes with Ethereum. Now, I would not have a big problem if I am moving BTC worth at least $100K because that makes the high fee for the transaction seems peanuts but if you are moving less than $100 then it would be a different story. Many years ago, the same complaints were heard and I am still hearing the very echo of them in 2024 and most probably this same situation can be going on for the next many years. While I am happy that we are experiencing good growth of Bitcoin price, I am also sad that we have no choice but to be charged with unbelievably high fees which is to me is a big insult to the very idea of cryptocurrency itself. For years, we are stuck in the discussion phase of this problem and solutions that are supposed to work could not emerge in the Bitcoin network for everybody to enjoy. And now, we are dealing with ordinals and inscriptions making more congestions and pushing fees higher.

News related to Crypto / Re: Biden’s 30% tax is not welcomed by crypto industry

« on: April 18, 2024, 03:30:29 PM »

The real reason for this hefty tax proposal is the very idea that Bitcoin mining is not good for the environment and must be discouraged to grow and should be phased out of the country slowly. Now, of course, Bitcoin mining is business and if an operator could not make good money then the business would be looking somewhere else and I am sure that there will be smaller countries that can welcome miners with open arms like El Salvador or Paraguay, for that matter. The whole Biden administration and its allies in both legislative chambers are not so friendly to the cryptocurrency industry and they are using hefty tax as the best way to send this message...and if there can be another four more years for Joe Biden then am sure no crypto miner will be left in USA by 2028. the whole cryptocurrency industry must reject this proposal and there must be a compromised formula where all parties can still come out as winners and not as losers.

News related to Crypto / Re: Binance Could Come Back to India by Paying $2M Fine: Report

« on: April 18, 2024, 03:22:31 PM »

Quote from: ABCbits on April 18, 2024, 12:02:10 PM

$2 million is small amount for Binance, so it's not surprising they simply decide to pay the fine. IMO it's also possible they lose more money due to ban by India early of this year. Your opinion is greatly appreciated.

Surely, that is also my first impression as $2 million for Binance is nothing with the big potential of the Indian market for cryptocurrency. However, if they will be back in India and be legally operating under the regulatory power of the government, I am sure that there will be changes and that they would be strictly require to impose tax and must remit them to the government so that things will be smooth and above board. For India and Binance, this can be a win-win solution and both parties can be walking to the bank with smile on their faces. Now, I am so hoping that here in my country the same offer can come true after the government decided to also kicked out Binance from operating in the crypto market just months ago. There is no question that Binance remains to be the best CEX where transactions are hassle-free and so convenient most especially with its P2P option. Without Binance, there seems to be a big void that other players can not easily fill in and people will really be longing for it.

Basic Questions about Cryptos / Re: How often do you check on your Crytpo/Bitcoin?

« on: April 18, 2024, 03:13:40 PM »

Quote from: igor4btc on April 22, 2021, 03:30:42 PM

How often do you check on your Crytpo/Bitcoin?

I am always checking the price movement of many crypto assets as I am mining an app where I can see the prices of the most valuable coins in the market. Now, it is quite exciting to be watching the prices whenever there is a surge but can be discouraging to see when there is a big dip. In the past, I used to check my holdings in my wallet just like watching a horse race as if I would be winning something if a coin will make it to a certain level. Surely, many people are also doing it now as top coins are getting to be very volatile. I checked the site mentioned above and it is actually good...this is my first time to know of it and I am adding it to my bookmarks.

Basic Questions about Cryptos / Re: starting a new project investment for beginners

« on: April 18, 2024, 03:05:43 PM »

As an investor myself, I am always looking for something that can give me the highest rate of ROI and one of the big reasons why cryptocurrency seems to be the most exciting investment vehicle is that this is one of the very few where you can literally find projects that can do x10 or even more than x100 in the market. However, with that kind of high potential, the industry is also sadly riddled with scams and frauds hence it would not so that easy to vet, analyze and decide on which of the new projects will really make it. This is surely an industry where the saying "big risks big rewards" can be so true. Now, with that in mind, one must be careful and must laser focus on projects that will soon be a part of the CMC list and can be valuable in no time at all. One criteria is if it is being supported by reputable platforms in the crypto industry...and they are usually announced to the public as endorsement and support can be a big thing for others to also follow suit. Still, one must do due diligence and must be careful and weight things before arriving at a decision to open up one's wallet or invest time to promote the project.

News related to Crypto / Re: Paraguayan Senate Supports Selling Power to Crypto Mining Companies, Criticizes

« on: April 17, 2024, 04:28:57 PM »

This is a good move on the part of the Paraguayan Senate as the country should look for its own economic interest and must go for something that can give the country and power providers more leeway for possible profits. Why would power be sold to another country for a lower rate when there is a good, lucrative alternative, the crypto mining operators? As power is always the main contention when it comes to crypto mining, I am happy to see Paraguay is now very much open to this business and I know that the country is in the right direction as this can open more opportunities for its people not just with these mining companies but also that possibility of opening the country for other crypto-related fintech companies to also come in and do business with the country as its base in the North America market.

Bitcoin Forum / Re: is $60k the floor rate of bitcoin after halving?

« on: April 17, 2024, 03:25:33 PM »

Quote from: SmartGold01 on April 17, 2024, 03:05:42 PM

Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments.

Your gut feeling can be right as there is now a big chance that another big dip can happen immediately after the halving event...and this is an expectation that many people are holding right now most especially those who might be involved with ETFs and can be the reason why ETF platforms are experiencing net outflows right now. However, we should take this as just another good opportunity to buy more Bitcoin because soon we can see BTC recover and can even go higher than $100K even the year of 2024 ends. That is, this is just my speculation and I don't have any inherent power to make things come true no matter how I wish them to be.

Cryptocurrency discussions / Re: Stay away from crypto ponzis!

« on: April 17, 2024, 03:15:29 PM »

We should always remember that when a program is offering skyrocketing ROI then it can possibly just be another scam. Right now, I am always reading many DMs in Twitter or X telling me to invest on this and that but I am already so sure they are just scams and once you got into their trap you will certainly be losing the money you supposedly invested, When something can be too good to be true then we should start to doubt. Scammers are working hard and double time these days when cryptocurrency is already being talked in the mainstream media and new people are coming in everyday. The big problem is really the lack of education so that newbies can be easily swayed in an appeal for their greed. Ponzi schemes have been here for so many years and yet there are still people who became willing victim and it is all because we are thinking of what we can get without realizing what we can lost. Aside from Ponzi type of scams, there are also many forms of frauds happening everyday in the market and one thing for sure these people can be so creative in their traps so we should be aware of them and should share them to our friends so they won't be victimized by these evil people.

Bitcoin Forum / Re: SHOULD I CARE ABOUT BITCOIN HALVING

« on: April 17, 2024, 06:42:41 AM »

Quote from: BattleAxe1 on April 16, 2024, 02:10:38 PM

So how does making BTC scarcer benefit crypto traders generally? How is everyone else preparing for the halving?

Generally speaking, whether one is trading or just holding Bitcoin, we can all get benefitted by the increase in the price of this asset in the market. Now, of course, good traders can be making money whether the market will go up or go down so maybe they don't care that much. I am not much into trading so my experience with that endeavor can be quite limited. As to preparations, maybe the best thing to do is to make sure that we have some BTC in our non-custodial wallet so that after halving we can be a part of the rising market. I think more than that, there is nothing really more significant here on the personal level though there is no denying the whole crypto market is really so excited with this development. Halving come and go but this is going to be a very unique one because of the ETF approval though we don't what can happen in the next halving maybe four years from now.

Bitcoin Forum / Re: High fees is a never ending story?

« on: April 17, 2024, 06:38:41 AM »

There is always the tug of war between our wish for Bitcoin to go bullish and its corresponding increase in transaction fees as there will surely be network congestion when BTC market is getting hyperactive. We can be happy that Bitcoin is breaking new records from time to time in terms of price but we ca also be sad to see the fees skyrocketing especially these days. According to this Ycharts site, the Bitcoin Average Transaction Fee (I:BATF) is 13.30 USD/tx for Apr 16 2024. And it is quite high for a cryptocurrency transaction but it is find if you are sending Bitcoin worth at least $1000 maybe but definitely not for small transactions much more like buying some groceries or a cup of coffee. And with this reality alone, I am not wondering why BTC is carving its reputation more like a store of value rather than a usual currency you can use to buy anything you want. With the way it is right now, I don't see a viable solution for this problem in the near future.

Competitions & Contests / Re: 8ombard.com 8️⃣ Win $100 by...

« on: April 17, 2024, 05:47:39 AM »

8ombard Username: bogoy900
Number: 3783

Cryptocurrency discussions / Re: CBDC: good or bad? Will it be actively implemented or is this a dead-end idea?

« on: April 16, 2024, 02:33:04 PM »

Cryptocurrency is something that central banking and governments could not total control and so they think of what can be the best thing to do and they come up with the idea of CBDC which got some god features of cryptocurrency but this time they can control it fully even much better than fiat money. The only problem is that they are not sure if they can really handle the technology and if people would love the idea and these are critical for the success of CBDC in the market. What is happening right now in China will have greater repercussions for the success of CBDC in the long run. In case China will be successful with its experiment with CBDC then other countries may opt to follow the lead and introduce their own version of it otherwise if there will be big problems and challenges then other countries may think twice of joining the party. Personally, I am not against of CBDC as a whole as I am seeing it as just the digital version of the fiat money but what I don't like is the potential control of the government and central banking with it which can be detrimental to the welfare of the people.

News related to Crypto / Fake Trump Coin Offering Spreads Online

« on: April 16, 2024, 12:52:12 PM »

Quote

An image circulating online appears to show a Donald Trump statement hawking "Trump Liberty Coins" that can be purchased cheaply and immediately exchanged at a bank for hundreds of times their value. But the supposed screenshot is fake, the former US president's 2024 campaign told AFP, and no such message appears on his website or Truth Social feed.

"I would like to thank all of my patriots that have shown their support throughout the years, and currently. The best way for me to give back to you is the Trump Liberty Coins project!" the supposed statement says.

"So Trump is raising money by selling Trump Liberty Coins for $149 and is telling buyers they can immediately sell it at Bank of America for $100,000," says Alan Rosenblatt, an adjunct professor at The George Washington University, in an April 11 post. "That really sounds like fraud."

Taken from this news site.

Scammers can really be so creative and they are watching current events to see potential personalities whom they use to victimize people. I think same strategy was successfully deployed in the past using famous names and celebrities to get the attention of many who can be influenced either to buy something or to share their private keys with the promise of airdrops. Sadly, there can still be some to fall victims to this scheme as everyday new people are entering the cryptocurrency industry and many of them are still starting in their learning curve on how to stay safe and secure navigating the many ins and outs of cryptocurrency. Were you once a victim of a similar-looking scheme to defraud you of your hard-earned money?

News related to Crypto / Re: Hong Kong regulators approve spot bitcoin and ether ETFs

« on: April 16, 2024, 12:44:18 PM »

I am sure this news will be helping Bitcoin and Ethereum but as to the extent of its influence on the price of the said digital asset that may remain to be seen. Hong Kong is a strategic market for cryptocurrency as it is the hub for many rich Chinese investors who experienced the ban of crypto in the mainland many years ago. And if these investors will be coming in to the Hong Kong market then this can be a big force to contend with and can further push the ETF market for both BTC and ETH. Right now, there is a little bit deep dip for cryptocurrency just days before the expected halving and many can be thinking that halving has already been factored in the prices of cryptos for the past many weeks. Yet we should really be excited in this news as we know that Asia is a big market for crypto and if this market can be stimulated well then we can expect bigger boom in the many months ahead of 2024 and 2025.