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Messages - MrSpasybo

Pages: [1] 2 3 ... 1053
1
Basically memecoins are gambling since I call that way... I don't advise anyone to trade on i t though but good to see a fellow been holding doge!  8)

Good luck if you're going for memecoins.  ;D
I always advise beginners to stay away from memecoins. If they really want to invest, then only DOGE and SHIB are safe enough for them to buy. New memecoins can generate wealth in the short term, but they also carry the risk of losing the entire investment. They should not be in your portfolio. They should only be invested in for a few dozen $ and then forgotten about until they appear in the media with a x100 or x1000 increase in a few weeks. I consider them as lottery tickets, meaning we should only participate for fun with an amount equivalent to a lottery ticket.

Memecoins were created for fun, not to make all investors rich!

2
Do I understand it right, that these investment companies sought the ETFs approval in April and they received it in the same month?

In the USA the approval process lasted years, with lawsuits etc...
whereas in China a couple of weeks?
The delay in reviewing BTC Spot ETFs is due to the SEC's repeated postponements and the SEC only approvaled when they lost the case to Grayscale. In contrast, Hong Kong is more open to crypto, and the success of BTC Spot ETFs has made things easier, meaning they approve BTC & ETH Spot ETFs proposals faster without taking too long to review.

This would be a major step forward for the future of the crypto market if BTC & ETH Spot ETFs in Hongkong could reach traditional investors in mainland China. After all, I still see Hong Kong as just a place for China to experiment before applying crypto widely.

3
I don't think so since the crypto market is experiencing a correction at this time, and we don't know how long it will last before the correction is over and the market will experience a positive movement price which will skyrocket the price of bitcoin from the $64k it is now to $80k before the end of month since this month remains 17 days to its end.

To me, the $80k will be possible to reach if we are looking at June not this April.
Yeah, I also think that BTC and the entire crypto market will need to go through a period of re-accumulation for a few months after the halving in order to continue growing. The small bubble that started in late 2022 has probably burst and we are not seeing the impressive growth that we saw in 2023. The halving and the scarcity narrative have probably been priced in and the halving will become a sell-the-news event. I also hope that June could be the time for the BTC price to rally and for DeFi summer to arrive, attracting new money into the market to start a major bull run.

4
Most of my assets are in Bitcoin and other altcoins are randomly holding I didn't check my old hard disk yet I forgot them I make sure to open the hardware again when altcoin season.
For now, I currently holding BTC and USDT for trading and a few dogecoin and Solana but I'm going to buy more altcoins and Bitcoin once I made a good profit in trading.
So, most of your assets are also in the crypto market? Haven't you considered converting some of those assets to cash, gold, stocks, or real estate to manage risk more effectively? I'm in a similar situation to you. The crypto market is too volatile, and the decline in BTC and top coins over the past few weeks has caused my assets to drop by more than 10%. It's really scary! Things might have been better if I had converted some of my assets to gold four weeks ago.

I hope that crypto and trading will bring you big profits during the bull run. I'm also looking forward to strong growth in BTC and ALTS in the 6-10 months after the halving. Then we'll have a chance to take profits!

5
As much I am trying to convince myself that Bitcoin likely will be the first to double the $100 investment to $200, I still strongly think that Litecoin has a way better chance of doing that first, this is because, for both bitcoin and Litecoin to double a $100 investment to $200, they both respectively have to double their current market cap from here, bitcoin is currently around $1.27 trillion in market cap, while Litecoin is currently around $5.85 billion in market cap, in a bull run, it will  take less time for Litecoin to achieve $12 billion dollars market cap than it will take bitcoin to reach $3 trillion dollars in market cap.

So, sincerely, I think Litecoin will double the $100 investment to $200 way earlier before bitcoin does the same to a $100 investment as well.
But then and again, the market is still full of surprises, it still might happen the other way round, but for this, I strongly believe that Litecoin will do it first before bitcoin.
From market cap perspective, LTC cap is < BTC cap, so LTC's potential for price appreciation is greater. However, I personally do not believe that LTC has much opportunity for significant price appreciation in this cycle. LTC has been almost forgotten even though it was a  digital silver in the 2016 cycle. In contrast, BTC has BTC Spot ETFs + the position of digital gold, crypto king, and is being paid attention to by institutions and governments.

I cannot predict LTC's ATH in this cycle, but at least I can set an expectation that BTC can reach $150K-170K in this cycle. So, I vote for BTC because BTC can x2, while LTC is not sure.

6
I am not entirely sure if it will go that far. I agree that everyone who gets their own power tends to do whatever they can, and in this regard I am sure that there will be tries, but blockchain is not something that is general one word, its a whole system and that means every coin has its own, and no cex could own all chains, and most of them are decentralized chains, so even if they want to and spend money on it, they probably won't be able to. Like yeah, BNB is backed by Binance, sure, but can you imagine ETH being backed by Binance? That ain't happening, so its not really a problem for the time being.
Binance may be an investment fund that supports multiple blockchains, but the BNB chain is still referred to as a product of the Binance ecosystem, and Binance's legal issues are seen as having a direct impact on the future of the BNB chain. Binance - BNB chain has a special relationship in this market as the BNB token is used by Binance for many purposes such as transaction fees + participation in new projects, in order to promote its value. Conversely, when the BNB token price increases, the number of users coming to the BNB chain ecosystem increases and they will all become potential users of Binance, bringing Binance a lot of revenue... HecoChain & HTX, Base and Coinbase do not have such a clear and close relationship!

7
Well, as a carrot for the broad masses, a “right cryptocurrency” is being produced — CBDC, the Central Bank Digital Currency, which, according to some representatives of different central banks, is not even a cryptocurrency (which is true, it is not even close to be a true crypto, but simply a decoy), but much better and completely controlled by the Central Bank. Centralized forgery.

Which are your thoughts on who will ultimately win: decentralized cryptocurrencies or centralized CBDC?
CBDCs are not entirely bad either. They could be slightly better and more decentralized than digital money held in bank accounts, while also addressing the reserve proof concerns of current stablecoins. However, the implementation of CBDCs will create a problem when people hold CBDCs and work directly with the central bank, they will not interact with or use commercial bank services. This could lead to a large number of commercial banks going bankrupt and the economy facing problems when the borrowing and lending process is disrupted.

I think CBDCs will only be widely adopted when governments can solve this problem. Creating CBDCs is not difficult, the challenge is managing and implementing them effectively in the economy. CBDCs, if adopted, will be as important to the economy as stablecoins are to the crypto market, but unfortunately the economy is many times more complex than the crypto market  8)

8
BlackRock trước nay vẫn là công ty quản lý tài sản lớn nhất thế giới, họ tăng thêm khoảng 1 ngàn tỷ USD trong năm qua cũng là điều dễ hiểu, nhất là khi tiền đã mất giá, cần nhiều tiền hơn để có sức mua tương đương. Spot ETFs chỉ là một phần nhỏ, dù nó thu được khá nhiều nhưng số tiền vẫn nhỏ hơn so với những quỹ khác, khoảng vài chục tỷ USD không phải là số tiền quá lớn đối với tổng số tài khoản chục ngàn tỷ USD, khoảng 1 phần 1000 mà thôi.

Tin tức này chỉ có giá trị tham khảo, để chúng ta biết rằng quỹ lớn nhất thế giới đang đi sâu vào crypto và theo đuổi BTC + token hóa.
Khi BlackRock tham gia vào BTC Spot ETF & RWA thì sự phát triển của BlackRock đã được xem là quan trọng cho sự phát triển của thị trường crypto, điều này có vẻ đang lạc quan quá mức, dù đúng là dòng vốn mới vào IBIT là quan trọng để hấp thu được hết lực bán mạnh của GrayScale. Mình không quá lạc quan về mối liên hệ này, BlackRock tham gia mạnh hơn cũng chính là tìm kiếm lợi nhuận lớn hơn, cá voi có thêm tiền để thao túng và nhiều nhà đầu tư nhỏ lẻ sẽ thua lỗ hơn, đó là bản chất của thị trường tài chính. Chúng ta cứ theo dõi sự phát triển của BlackRock, nhưng nên tập trung vào sự tăng trưởng của IBIT bên BTC ETFs và BUILD ở RWA, vậy là đủ rồi, không nên để tổng giá trị tài sản hơn $10T của BlackRock làm nhiễu quá trình phân tích.

9
Solana Forum / Re: KIN COIN POTENTIALS UNDER SOLANA ECOSYSTEM
« on: April 14, 2024, 10:51:01 PM »
Please make OP what do you mean by this KIN?  https://coinmarketcap.com/id/currencies/kin/#Markets
Do you mean that KIN is a new project within the Solana ecosystem.

Well I assume that if KIN is what I mean then it is not sure to be a potential coin even this is just a meme, on the X platform they no longer update since last year as well as the website cannot be accessed so we can say that this project is dead.
This could really be a dead project since the project's website http://kin.org/ has been inaccessible. This token once reached its ATH in 2018 but failed to reach a new ATH in 2021. We can consider it a failed project on both Ethereum and Solana. Personally, I would not invest in KIN, I would rather invest in the memecoin BONK on Solana, which I feel is safer and has more potential.

10
We don't need to predict the price of BNB, we just need to believe in the development of the BNB project. As long as they still have their own exchange, there is still an opportunity to develop the coins they own, perhaps by means of an IDO or IEO which is often done on the Binance platform and there is a reduction This BNB supply will also increase the BNB price.
Yes, as long as the BNB token continues to be supported by launchpool + launchpad programs on Binance, demand for trading within the BNB chain ecosystem, and token burning events from Binance's revenue, we can still be confident in its price appreciation potential in this cycle and in the future. My only concern is that with its already large market capitalization and fierce competition from newer ecosystems in the market, the BNB token may still be able to set a new ATH but it will be difficult to achieve the same impressive price performance as in the 2021 bullrun.

11
Ethereum Forum / Re: ETH is the king of crypto!
« on: April 14, 2024, 10:03:14 PM »
The performance of Ethereum this days is very slow and not encouraging people to invest. And yes Ethereum is the king for all the altcoins  both old and new. But if it is still like this, there are other altcoins that doing well and they will come and take over the kingship form it. If altcoins were doing well I'm the ecosystem then it would have been better for someone to diversify investment but base on the what is happening people are even afraid to invest in them.

Solana.and Dogecoin are also in the near lane with Ethereum.
I agree that ETH is not the crypto King, but only the ALTS King!

Ethereum introduced the concept of smart contracts, which has made blockchain more efficient to use. It can be said that Ethereum has opened up the era of blockchain 2.0 and we still do not have a more valuable initiative than smart contracts to enter the era of blockchain 3.0.

ETH's price performance is also very good, for example in the 2021 bullrun, the ETH price increased by 70 times. I think that is a really attractive return while still being extremely safe. BTC is the safest asset in the crypto market, but its price performance may not be really impressive, while ETH balances safety and profitability for investors.

In the short term, I don't think any other project can replace Ethereum's top 2 position, whether it's BNB chain, Solana or Ripple. Some projects that were once considered Ethereum Killers such as Cardano, Eos, Neo, Tezos, Near... also dont have any chance!

12
Dirty or tainted BTC is something invented by those who have a big problem with the fact that they have no control over it. For me, this is not only stupid, but also potentially dangerous in the long term, considering that each of us has at least part of the coins that were once used in some transaction that had elements of criminal activity.

When we think about it, does anyone know where all the bills or coins we have in our wallets were? Some may have been used to sell drugs, some to smuggle people or weapons, and yet no one will come and say that these bills are dirty and should be confiscated.

Mixers should therefore primarily serve the purpose of privacy protection, and not some kind of mixing between dirty and clean coins.
While we may not care about the cleanliness of BTC, governments and many exchanges may be concerned and evaluate each satoshi deposited on CEXs. To ensure that BTC and crypto are not abused by criminals, CEXs are also cooperating with governments to detect behavior, freeze and provide information related to criminals.

I have no problem with identity, but I store my crypto assets on CEXs and I'm afraid that my account will be frozen if some of my satoshi come from a "dirty" source. I use MixTum to ensure that the BTC I send to CEXs is always rated as clean as possible  ;D

13
Cryptocurrency discussions / Re: The impact of crypto on our lives
« on: April 14, 2024, 09:24:55 PM »
But I was wondering “the impact of cryptocurrency on our lives” - what does this mean?Does this mean my life and people like me? Or is this a more global issue that covers society as a whole and even countries?If this is a global issue, then crypt has no influence at all; if we are talking about cryptans, then after thinking about it, I can say that there is an influence, but not so much that it is some kind of significant event.
I think you can read the topic to get more information. I believe that crypto is gradually becoming more important in the economy, and it has the potential to change the economy as dramatically as bank cards have changed people's cash habits. The economy is a part of life, and if crypto can change the economy, it can also impact our lives.

We live and work, and money is an indispensable part of it. Crypto can be used as money or a financial tool to help us store our labor, imagine the future of the economy when we all use USDT instead of USD or pay for BTC through the Lightning Network like in El Salvador. I agree that crypto is just one factor in life, but its impact is not small.

14
Bitcoin Forum / Re: Exactly when will Bitcoin halve
« on: April 14, 2024, 09:09:06 PM »
Since Iran striked Isreal, so many people have been saying this is why BTC price is down and how it would keep the price down, but i seem to disagree, i just think this price correction will be for a very short time and would not be significant.

There's been good events for BTC so far this year, especially with the spot etf approval in the U.S market, so i don't think one 'negative' news can keep the price of BTC down for a very long time.
Whenever there is a significant fluctuation in the price of BTC, we often seek the reasons behind it. War, FED statements, and presidential elections are often cited, but I believe these are just one part of what drives BTC price adjustments. Another part comes from the intrinsic nature of BTC itself: BTC price has been rising continuously since late 2022, creating uncertainty in the market. The number of profitable BTC is above 90% (on-chain data), which could suggest a reversal for reaccumulation before BTC can resume its growth.

Some argue that the positive impact of halving has already been absorbed into the BTC price, and that halving could be a sell-the-news event: we may see a slight decrease in the BTC price followed by sideways movement after halving instead of strong growth as scarcity increases. We will wait to confirm this hypothesis on April 19th.

15
You are right, in Cryptocurrency there are many ways that we can do to get money or profits. Not only trading, because this trading is only carried out by those who have capital. For people who are new to the cryptocurrency industry, Participating in Airdrops and Bounties is a great way to earn money in the cryptocurrency industry.
There are several ways to make money in the crypto market:

1. If you have money:
+ Invest in new projects during Pre-Sale, IEO, Launchpool, and Launchpad phases to profit from their price appreciation.
+ Engage in trading.
+ Become a market maker for a project.
+ Provide OTC services.

2. If you have certain skills:
+ Join a project's DevTeam .
+ Work for a crypto company.

3. If you have no money: participate in airdrops and bounty campaigns.

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