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Messages - TomPluz

Pages: [1] 2 3 ... 285
1
Basic Questions about Cryptos / Re: Bitcoin Votality
« on: Today at 05:14:33 AM »
Bitcoin's Volatility could actually be turned to your own advantage of you master the act of HODLing for a very longtime, even when the market experiences some shocking DIPs, that's the easiest way you can actually reap the actual reward bitcoin has to offer.

I don't think Bitcoin will be as famous today if there is no volatility attached to it. We have to remember that volatility can mean the asset can go up or go down in no time at all...and we have to understand that within volatility there is always that opportunity to make money and traders know and fully grasp this concept and they are taking advantage of it. Now, if Bitcoin has been running like gold, I don't think there can be more people to get interested with it as an asset as right now Bitcoin definitely is more popular than gold (though gold is way so above in marketcap). The most important thing to do is to continue investing with Bitcoin and then hold for a long time...so take advantage if there is an obvious dip in the market and be a winner years from now.





2
Curious to know which ones you've found most interesting since you started dealing with NFTs.

I am not actually a big fan of NFT as I find less value with them and I think the market is agreeing with me as NFT sales is down these past few months even if Bitcoin and other coins experienced some good run...in fact it is memecoins that got benefitted with the bull run before the halving. And it can be because most of the NFTs lack utility cases...and unlike real art like paintings that you can display for others to stare and appreciate, NFTs is another category. I am looking though for innovations on this front so that it would also be making big and skyrocketing showing in the coming months. I heard that NFT can very much be used for land titling or an authenticated certificate identifying the owner and can even make sale of the same a lot easier since it would be recorded in the blockchain and can be viewed by anyone...protecting the owner's rights and safeguarding from anyone attempting to tamper with its authenticity. I think this is one area NFT can be made more useful.


3
Yeah, crypto gives a lot of opportunities. It also allowed to many people earn much more than average wage in their country, so it is a great thing that was invented, but also a lot of scams exists, so be careful!
Cryptocurrency helps those who want to earn extra money, but for those who don't want to put effort into cryptocurrency, they won't get anything. It all depends on the efforts we make. When we fight hard we will definitely get maximum results.

I think they can just be hodlers or just buy some good coins or tokens and forget them for some years...viola am sure they would be happy one day to see the value of their assets gone to the moon. Of course, one has to be careful on what coins to get into so the best bet will always be BTC, ETH or even SOL and some of the top coins in CMC. Now, this strategy involves some capital as we are not anymore in the faucet and airdrop era of Bitcoin - this can be the drawback for many who don't want to put the effort so they must have the money to buy the coins. However, compare to just depositing the money in the bank, this can be a lot better and can make someone financially free years after investing.






4
Cryptocurrency discussions / Would you buy TRUMP?
« on: Today at 04:44:02 AM »

Well, this is just another memecoin centered on Donald J. Trump, the 45th president of the United States and is now the presumptive Republicans presidential nominee running against the current president Joseph Robinette Biden Jr (unless he is replaced by someone else due to his obvious dementia and lack of energy).

Just recently, TRUMP coin surges over 100% in a month which is really amazing and made many holders of the asset smiling to the bank. Right now, the price of TRUMP is $8.41 and with DJT leading many polls compared to Biden, there is a big chance this coin will continue on escalating in price and of course if Trump will win in November there can be a very dramatic rise of TRUMP in the market.

Now, am sure that TRUMP is attracting support mostly from the people who are conservative and many of them can be supporters of TRUMP but then again if you are looking with something that has the potential for more growth this can be a good option - though risks will always be there, of course.



5
The move reflects growing institutional interest despite China's previous hostility towards Bitcoin. Harvest Fund manages over $230 billion in total assets, while Southern Fund oversees over $280 billion.

Of course, it was only the government of China that banned Bitcoin and the rest of the cryptocurrency industry that is not really interested with Bitcoin and cryptocurrency...the people and many financial institutions are so into Bitcoin and they were actually upset with the ban yet there is nothing they can do with it as they fear the dictatorial power of the current regime. Go against the wishes of the government and soon you can find yourself either in a hot water or in the middle of the ocean swimming with no boat to rescue you. Now, there is now a new opportunity for them to enter Bitcoin again though indirectly vis the ETF approved in Hong Kong but they could not get involved directly hence the use of linked subsidiaries can be necessary. I am not sure though if the China government will not be reacting to this badly if they could find one day that many are now into Bitcoin ETF in Hong Kong.


6

This can be a good study to find out how people under an oppressive governments are and can be using Bitcoin to help them in their financial goals. Maybe they should also go into the details on how people in these countries are able to get into Bitcoin and how they gonna be converting them into their national currency since am sure there can be restrictions on popular cryptocurrency exchanges operating overseas to enter their countries. I am looking forward to see and read the final outcome of this research. As an empowering tool for the people, there can be things we need to know more on how people are taking advantage of Bitcoin actually not just on the financial side but on showing people they can get away from the control of the people who are supposed to be serving them, in the first place.

7


I am not so familiar with Robinhood but I am aware that this now a very popular exchange platform and from time to time find its way into news be it positive or negative. I used to have its app in my phone but I deleted it since I understand it got no legal standing here in my country. Now, I am sure that its staking program can be a good opportunity for many to enter and make more money compared to traditional investment vehicles. Since it is launching in Europe, I can see that it can be purposely avoiding the USA market so as not to entangle itself with SEC who see staking programs as selling securities. At any rate, good luck to Robinhood.

8
I am sure OP is referring here to mining coins in computer or smartphone and which is so much different than say mining Bitcoin or any other cryptocurrency with the use of sophisticated and expensive equipment. Now, I am also into mining using my smartphone and I already made some money with one of the oldest mining opportunities and it is still ongoing right now. Yes, it is true that there are so many scammers and frauds in this type of mining business and I witnessed many of them most especially those who made their add just for the purpose of playing advertisements...the developers made the money but the miners don't because the project is lousy and will never make it to exchanges. We have to be careful as this can be a time waster, in the first place. I understand that there is also a risk of a malware attack here which can gather our necessary details and can even compromise our digital wallets. 

9
Apart from tapping to mine crypto gaming tokens, are there other profitable engagements one can be involved with on Telegram that can help boost earning an extra income? I'll be glad to read your recommendations.

I am sure there will be more ways than one that Telegram can be use profitably. Notcoin really opened the Pandora's box and I know that there can be more coming as success in the field of cryptocurrency will surely be gaining more and more copycats hoping to also ride on the trend. Now, I am so curious if Telegram can be used in conjunction with WEb3 or should be already consider Telegram to be a part of the Web3 movement. However, in my own opinion, as far as a communication or messenger tool I am not so much impressed with Telegram, the same thing with Discord. I still prefer Facebook groups for the same purpose.



10
General Discussion / Re: Why crypto?
« on: May 18, 2024, 04:47:59 PM »
When, how, and why did you get involved in crypto? Is it because of earning some cash with trading or because of a job? Or do you believe it is the next big thing?

I started getting involved with cryptocurrency many years ago and I think I should have been rich right now because at that time BTC was just around $500...alas many things went wrong and here I am still looking for my proverbial pot of gold. I believe bought my first 2 BTC all because I used it to join money-scheme programs (that later on turned to be all dead) and it was then easier to use BTC for those programs. At that time, I had no real idea what cryptocurrency is and the many things it stands for. Later on as I got educated on it, I learned that Bitcoin came about into existence because of the distrust of the government and the usual financial institutions that failed to work for the people. Now, I am seeing that Bitcoin is the top cryptocurrency and is now recognized by Wall Street as an asset just like gold and that many traditional finance firms are getting into it. Bitcoin should be the best alternative to fiat money and it is empowering the people to decide their own destiny away from the power and control of the government.


11
Well, these traders betted on the wrong side of Bitcoin and so they were liquidated but no worries I am sure they can still make a good comeback and bet again and who knows BTC can be friendlier to them next time around. Bitcoin surged to $66K the past days and is right now standing at $67K which is actually a little bit surprising to many, even me including. Now, we are seeing one of the most important attribute of Bitcoin and it of course its famous volatile nature...it can go down and it can go up without a notice anytime. And this all makes trading in Bitcoin really so exciting.

12
Quote
Sixty crypto organizations are backing a market structure bill that is teed up for a vote next week.

The signers urged House lawmakers to pass the bill in a letter led by the Crypto Council for Innovation and sent to House Speaker Mike Johnson and House Minority Leader Hakeem Jeffries on Thursday. FIT21 would raise "new compliance challenges" for crypto firms, but clear rules are needed, the groups said.

"Currently, digital assets firms are instructed to somehow comply with U.S. securities laws that were designed nearly 100 years ago without consideration of the technological advances of today, including the ability for transactions to move at the speed of the internet," they said in the letter.


Get more details on this important news here: https://www.theblock.co/post/295148/60-crypto-firms-pitch-support-for-large-market-structure-bill-ahead-of-next-weeks-vote



The cryptocurrency industry in United States needs more clarity and leadership coming from the regulatory bodies of the government and so I am a little bit excited with the the Republican-led Financial Innovation and Technology for the 21st Century Act, also known as FIT21. I am hoping that this bill can be creating the more light on the compliance all players of the industry must be following. And since this is coming from the Republicans, I am more confident that is is more crypto friendly and not designed to choke the industry to death. I am just concerned on what can happen once this can be seeing the face of Elizabeth Warren in the Senate...hope this will not be watered down and transformed into a monster instead.


13


I am hoping you provided some more details on referral program you are referring to. Is this a referral program that you want Notcoin will be implementing? In that case, maybe it is already too late since it already launched and it already distributed the tokens to the participants. Correct me if I am wrong but I think there was a referral program that Notcoin implemented during its run and that is why it became so famous and many participated with it coming from all over the world. Now, are you thinking of as referral program of another thing?

14
Quote
Daren Li, 41, was arrested on April 12 at Atlanta’s airport, and Yicheng Zhang, 38, was arrested on Thursday in Los Angeles for their alleged involvement, the Justice Department said in a statement on Friday.

“The fraud scheme involved more than $73 million laundered through U.S. financial institutions to bank accounts in The Bahamas, and converted to the virtual asset USDT, or Tether,” the DOJ said.

Li, Zhang and others allegedly controlled an "international syndicate" that laundered funds made through "pig butchering" crypto investment scams, according to the statement. Pig butchering scams involve scammers gaining victims' trust, convincing them to give them large amounts of money and then running off with it. Lawmakers and regulators have raised concerns over those types of scams over the past few months.


You can read more of this news here: https://www.theblock.co/post/295202/prosecutors-arrest-two-for-laundering-73-million-in-pig-butchering-scheme


This is my first time to encounter the "pig butchering" term for a scam involving fooling people to just send someone money and then run away with it. Well, the strategy is not something new but maybe the use of USDT in laundering the money can be a new twist. Now, these two sweet talking guys are now facing the full force brunt of the law for the things they did and I am wishing that all their victims will get the justice they all deserve. Let's see how many years these two crooked, evil personalities will be minting soon. Scammers are right now still having a feast and thanking heaven for the use of cryptocurrency but the law is watching them so they should be warned.



15
Seems to me that Bitcoin ETF investors are really watching the trend and know when to enter the market and then exit for some possible profits. For no other reason than making the best profit, ETF investors are the savvy crowd and many of them are also managed by investment firms so they got professional services working in their behalf. And I guess this is telling us that Bitcoin will be showing a good sign of strength in next week of trading. Now, I am getting interested to get into ETF as well...can someone tell me what can be the minimum requirement enter this goldmine?

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