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Messages - TomPluz

Pages: [1] 2 3 ... 274
1
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.

2
Bitcoin Forum / Re: is $60k the floor rate of bitcoin after halving?
« on: April 17, 2024, 03:25:33 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.




3
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.


4
Bitcoin Forum / Re: SHOULD I CARE ABOUT BITCOIN HALVING
« on: April 17, 2024, 06:42:41 AM »

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.



5
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.



6
Competitions & Contests / Re: 8ombard.com 8️⃣ Win $100 by...
« on: April 17, 2024, 05:47:39 AM »


8ombard Username: bogoy900
Number: 3783


7
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.

8
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?












9


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.



10
I'm just a regular user and my gambling activities aren't that diverse to trigger casino's security check. When it comes to withdrawal, I was never forced to verify my account because the amount were not big enough to cause an alarm ;D

So this can be the big secret in order not to be on the limelight with casino operators. Choose to gamble small and then win small so there will be no red flags on the part of the online casino involved. I am not actually into gambling and I am also interested to know if online casino will do the unthinkable which is not paying what their customers are winning. As a centralized entity, they can easily do this by imposing restrictions and putting requirements before one can withdraw money from the account. One thing for sure is that this all depends a lot on how reputable an online casino is as for sure a big operation and one which is careful with its image will never stop withdrawal. And this leads me to thinking if there are now casinos that function more like a decentralized entity where withdrawal is done by the system and not approved manually by someone on their side which i think many would prefer to deal with.



11
Gambling discussion / Re: Gambling: for fun or to earn money?
« on: April 16, 2024, 12:21:06 PM »


On a personal level, gambling should be taken as a form of entertainment and such should be done only if one has some spare money and should not be given a top priority concern otherwise it can be addictive and can therefore be destructive. That is why as adults we should know how to gamble responsibly...know our boundary and the possible consequences when we are not careful of those parameters. Therefore, if one could not control himself especially if one has compulsive behavior gambling is one of the things to avoid. We know that in the history of gambling many people were destroyed all because they allow their emotions to come over and trick them to thinking that this is just like a toy to play with only to realize later than it is actually a fire that can burn a whole house and even a community. On the other side of the counter, gambling is a big business and is in fact producing many millionaires and even billionaires in the past and into the present...so if one is planning to be rich gambling is a very potent industry to enter into. And we are seeing it now with the coming of the internet, the apps, the blockchain and cryptocurrency as it would now be so easy to gamble...as they we can now do many things using our fingertips including to gamble away.


12
It's not surprising when IMF did same thing some years ago. They also doesn't acknowledged El Salvador finally gain profit after putting a bit of their reserve in to Bitcoin few years ago. Your opinion is greatly appreciated.

IMF is ashamed to acknowledged that El Salvador made a good decision of NOT listening to its ideas and demands and that this small country got the vision IMF do not like at all and so they keep on pressuring the government of Nayib Bukele to modify things as the narrative of IMF is exposed to be not really advantageous for countries it supposed to help. In exchange for financial help, IMF usually lay down the things it requires for a country to accomplish first before one can access money needed for developmental programs and economic stimulation for progress...in many cases IMF is actually curtailing real growth and is hindering the potential of a country to stand on its own. I am not so sure if the president of El Salvador will yield to these required changes or what areas he can compromise without losing the grip of the country's fragile economy.



13
Basic Questions about Cryptos / Re: Is BASE token a good token to buy?
« on: April 14, 2024, 06:47:41 AM »
Probably OP has done his research about Base Token that's why he comes up with the question of whether if it is a good investment or not. Besides, asking questions or gathering opinions is one way of doing research.

I am also wondering if OP is referring to the Base Protocol with the symbol BASE now traded in some exchanges and according to CMC: "Base Protocol (BASE) is a token whose price is pegged to the total market cap of all cryptocurrencies at a ratio of 1:1 trillion. BASE allows traders to speculate on the entire crypto industry with one token. The Base Protocol is built on the Ethereum blockchain, integrates a (Chainlink) oracle, and is launching on ((Uniswap)." The current price is $2.66 as of April 14, 2024 and with its total supply of 480 million it got around $1.2 million marketcap. What is interesting with BASE is its being pegged to the overall marketcap of the whole cryptocurrency industry and with this calculation "if crypto market cap is $1 trillion, BASE is pegged to $1.00; if crypto market cap is $2.5 trillion, BASE is pegged to $2.50" according to its official site. To be honest, am not that impressed with this platform but then again I can be wrong...this can be one of the best performing crypto-based projects in 2024 so make your diligence, decide based on what you know and close your eyes for some luck.



14
Basic Questions about Cryptos / Re: [GUIDE] What are Crypto Airdrops?
« on: April 14, 2024, 06:15:11 AM »


As expected, there had been an influx of airdrops coming from good and bad crypto platforms especially in the last two quarters of 2023 and into 2024 as we entered the bullish season and with the surge of people's interest on cryptocurrency because of the coming halving event I really heard more and more airdrops offered to eager participants with some costing some amount of dollars and free ones (of course, this requires some time, effort and a little bit of skills). In the first phase of the history of Bitcoin, faucets become popular which resembled then like airdrops today...and many did make good money especially if they kept what they got until Bitcoin really valuable. I know of some friends who made double-digit when the airdropped coins or tokens made it to credible exchanges and got good price of their own. Unfortunately, I got already tired in participating with bounties that I got burned out and did not have the taste for airdrops. These days, many bounties are not anymore lucrative and have become like the vehicle for scamming projects to take the limelight on the stage though there are of course many similarities with airdrops and bounties and can be considered as linked and intertwined. I am then looking at this Paldo site to see if I would love to participate with the airdrops which I assumed to be vetted and not done in random which is good for us.





15


Reading through the responses here to the $2.3 million dollar prediction of Robert Kiyosaki, I realize that I prefer to deal with overwhelmingly positive speculations rather than the gloom and doom evangelists telling us that Bitcoin has no value and will soon crash in the market. I am not saying that this positive prediction can really come true but one thing for sure is that Bitcoin will be rising as years will go on...and we should not miss the big point Kiyosaki is sharing and that is to get as many Bitcoin as we can as it is a sure ball winner. And whether BTC will one day be $2.3 Million or just $500K, a Bitcoin investor today will be smiling all the way to the bank when that time will come. Of course, people who are already believers of Bitcoin don't need to be reminded that Bitcoin is a deflationary asset and will one day be our ticket towards financial freedom. We may not agree with this specific dollar value but we can all agree that Bitcoin will surely grow tremendously 10 years from now. So the main question is: How much BTC are you hodling?



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