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Messages - TomPluz

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NFTs & Collectibles / Re: NFT thoughts

« on: April 28, 2024, 07:11:11 AM »

Quote from: LogitechMouse on March 30, 2024, 05:38:38 PM

I believe that there are some investors who learned from their mistakes investing into some JPEGs and JPGs that has no actual value at all. Yes, we are in a bull market, and like other projects, NFTs might get some hype as well, but not the same as the last time.

I am sure that for some NFTs to really shine and get the limelight in the next few months. there must be enough level of hypes and FOMO circling around particular NFTs and there must be new investors that should be convinced and buy the story that soon what they can buy will be skyrocket in value and they can get as much ROI as possible. Without hypes and new buyers, nothing will happen with the market. While recognizing that there are NFTs that can be so valuable and will remain profitable in the market, I think 99% of them are just worthless. In fact, in between NFTs and memecoins, I would prefer the latter. Memecoins done right and with enough support of its own community of supporters can have more chances of making it big in the crypto market. Still, I would rather invest with proven coins on the top list of CMC.

Bitcoin Forum / Re: The 134th reason why you should not use Wasabi Wallet.

« on: April 28, 2024, 06:49:06 AM »

Quote from: yhiaali3 on April 28, 2024, 06:23:28 AM

I have a feeling that there is no real decentralization anywhere.

I am sure that we in the cryptocurrency industry will be facing this issue more and more as years will pass and the more that crypto will be going into the mainstream population. The more that crypto will be popular, the more we might learn that decentralization is going to be redefined in ways we don't want to agree with. And the way I am seeing it is that there are two big factors here: the people behind the platform specifically in question and the continuing push of the government to retain control and influence everything its eyes lay on. The first factor is very unfortunate as it is nuking the very fabric of the platform and the level of trust and confidence the users bestowed on them. Decentralization is at the central of all things cryptocurrency and of the blockchain...without decentralization then we are just dealing with the usual stuffs. I am really wondering if there can a time when decentralization is something that we could not anymore enjoy and that people will be forced to accept that reality, otherwise be on the path of the government and its legal overreach.

Bitcoin Forum / Re: Phoenix Wallet to be removed from US app stores

« on: April 28, 2024, 06:19:58 AM »

Quote from: Mr. Magkaisa on April 28, 2024, 06:03:42 AM

This is not good for us crypto believers, to be honest. Everything that is of no use to the US government is actually being dispatched because they want to benefit themselves and don't care if it helps the citizens under their jurisdiction or not.

A move like this is not good for the cryptocurrency industry and the many small users of this particular wallet in question. This is what we are getting when the government is exerting its legal and regulatory power to run after platforms and people whom it think is doing something against the law. And when you are just a small developer, you would naturally get nervous of the things that can happen to you in case a case can be filed in court just like what recently happened with Samourai Wallet where its two founders are facing money laundering raps. After after this Phoenix Wallet story, I am there can be more and many of them will either be closing down or shrinking their operation to avoid the lawfare waged by the government on privacy-protecting platforms that can hinder them from looking at all the things people are into. After the saga of Bitcoin Fog, Tornado Cash, Samourai Wallet, we are witnessing this development in Phoenix Wallet where its wings are clipped to effectively make it an inutile one.

Cryptocurrency Trading / Re: Opt for the safest exchange?

« on: April 28, 2024, 05:56:51 AM »

During the ICO boom days, I usually got into many exchanges all because when a coin is listed in a particular exchange there is no choice but to work in there. And so I encountered many famous and not-so-famous exchanges most of them were CEXs, Today, I am more into Binance but since it got a big problem with my government I shifted to Bybit and Kucoin since I am a big fan of the convenience of the P2P option. Crypto exchanges have evolved through the years after many of them experienced trials and errors and what we are seeing these days are solid CEXs like Binance, Kucoin, OKX, Bybit, MEXC and so much more. Tested by fire and hailstorm, crypto exchanges must do everything in their disposal to remain safe, secure and solid as hackers are always watching them every minute to look for possible weaknesses. Now, the most important thing is never put your coins on deposit on these exchanges and only use them if you are trading something...this is the top number one rule when dealing with CEXs. With the government exerting their regulatory and taxation power, I am sure that the landscape of this industry is going to be changing and I am hoping that we the small crypto players are to be benefitted with the changes.

Meme Coins / Re: Does Good Luck Play a Role In Crypto?

« on: April 28, 2024, 05:24:24 AM »

Quote from: BitHunter on April 26, 2024, 06:10:56 PM

My curiosity about the whole Good luck thing was actually fueled by a Japanese memecoin for good luck Maneki coz I was curious if people still lean in that direction these days? Plus, if you had to choose one, would you rather buy something that claims to bring good luck or something else that claims to bring bad luck?

I believe that good luck and bad luck can be playing some role in our lives...and this is so true whether one is involved with cryptocurrency or not. Some people can be so lucky while there are those who are not. However, I don't subscribe to the idea that we should be depending on luck alone as we still have to work hard and use our potential to make things come true. Now, to the question whether I would go for something that is promising good luck or bad luck, I don't usually patronize anything like that whether it is a memecoin or anything that I need to buy...but in case it is something for free then I would gladly take it. We have to remember that any product -whether digital or physical - that you need to buy all because it is claiming to be bringing luck is actually so true...but maybe only to the people who are selling or marketing it and I hate to be on the buying side.

Cryptocurrency Trading / Re: Fall of P2P platforms, what's your opinion?

« on: April 27, 2024, 03:25:26 PM »

Quote from: Findingnemo on April 26, 2024, 09:32:05 AM

Do you still use p2p platforms or exchange's P2P?

I am not actually into heavy trading activity but whenever I am planning to convert my coins into cash I would prefer P2P because I find it very convenient, fast and actually safe because of the escrow service by the platform I am into. I got into P2P because of Binance but since it is not anymore allowed in my country, I just shifted to Bybit which is also good for me so far. as for safety and security, we have to be careful in choosing the P2P trader and make sure one is really into reading the details of the offer so there will be no surprise. In my own experience with P2P in CEX exchanges, I find no other good option that is more suited to my situation and area of origin. As for P2P in DEX, I got zero experience with this alternative though I heard of Localbitcoins (closed since 2023) before.

**Cryptocurrency discussions / Re: Note: Stripe did not roll out crypto payments!**

« on: April 27, 2024, 05:54:19 AM »

Quote from: NotATether on April 26, 2024, 04:10:13 PM

Although, I won't deny that it would be a coup if you could suddenly start paying for subscriptions via Stripe using crypto.

Stripe is considered as a big payment platform and its foray into cryptocurrency can be meet with a lot of excitement and possibilities. Alas, I can see that this company is really wading so carefully and do not want to fast-track things maybe to avoid possible mistakes and to make sure it is not upsetting its own market. So one might be asking: how big is Stripe and can it make a recognizable impact in case it would go crypto in full blast? According to this published material: Based in 2022, there are 1.32 million active websites globally using Stripe, with an average of 1,000 companies joined Stripe each day. Stripe processed a global payment volume of $817 billion and as of January 2024, Stripe is valued at $50 billion. Let's hope that there will be more on this development and that all Stripe users will be able to one day use crypto as an option to pay, aside from the usual fiat money. It must be noted that in my country, Stripe has no legal business operation and I am really wondering why it is not attracted to this small but growing market in the Asia-Pacific region.

Cryptocurrency discussions / Re: Safe practices to adhere to in the bull run

« on: April 27, 2024, 05:41:02 AM »

Quote from: MCcabe Rory on April 24, 2024, 08:31:33 PM

Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits?

1. Make sure that you are holding a good crypto portfolio concentrating a lot on solid coins like Bitcoin, Ethereum, SOL and many more...for as long as your funds will allow but don't ever get tempted to use loans or get family members to ride with your activities.

2. Never be tempted with other projects most especially those who are sprouting all over in the SOL network and if you think you want to partake with the excitement learn to limit your exposure and use due diligence so as to limit possible loss.

3. Establish your holding strategy so you won't be rattled with FOMOS which are all common when the market is on the upswing...get yourself the diamond hands and not the weak hands so you won't cry a river.

4. Make sure you are keeping your cryptocurrencies safe and secure so you can avoid the possibility of being hacked or phished...so learn from the horrifying experiences of other people so you won't lose funds.

Cryptocurrency discussions / Re: Can boxing projects stay afloat in the crypto space?

« on: April 27, 2024, 05:33:45 AM »

Quote from: BitHunter on April 24, 2024, 04:45:45 PM

My curiosity is, what percentage of the boxing community are already into crypto and what percentage can this bold step by the founder Oleksandr Usyk actually appeal to? I have to add though, RTF has backing from boxing legends like Mike Tyson, an athlete who has influence well beyond the boxing sphere.

I just checked RTF in CMC and I am a little bit surprised that it is doing good and so far listed in many solid exchanges. So it must be true that RTF has a good backing and is supported by a solid community behind it. So far, I have not heard of any other similar project on boxing so the market for RTF must be good. Though I know of many other sports-related projects even endorsed by top athletes and some of them are also experiencing some level of success in the market. With a famous personality like Mike Tyson behind the project, am sure RTF will be attracting enthusiasts and supporters from all over the world as boxing remains to be a popular sport. I am hoping they get more boxers under their name and who knows soon we can even see Manny Pacquiao endorsing RTF.

Philippines (Tagalog) / Re: BINANCE NAGPAKITA NG MAGANDANG BALITA SA MGA PINOY

« on: April 27, 2024, 05:22:42 AM »

Wow! Nabuhay ang dugo ko dahil sa balitang ito tungkol sa Binance. Sigurado naman ay willing makipag-negotiate ang SEC sa Binance kung gugustuhin ng Binance na mag-comply na sa mga kailangang gawin para maging fully legal na ang kanilang operation dito sa Pilipinas. Sa totoo lang, talo din naman talaga ang gobyerno sa pagpaalis ng SEC sa Binance kasi mas maraming crypto enthusiasts dito sa Pinas ay gusto talaga ang Binance. Ngayon, sana naman ay makapagsimula ang pag-uusap ng SEC at Binance para magkaroon ng win-win formula na kasiyasiya at katanggaptanggap ng lahat ng mga stakeholders ng cryptocurrency industry dito sa bansa. On the other side, asahan na ang pwede makaltas sa ating mga Binance users dahil magkakaroon na talaga ng tax dito tax doon na iimposed sa Binance nba iimposed naman sa atin...pero sana eh fair ang rate di yung para tayong hinoholdup na di makakatulong lalo na sa mga maliliit na nga tao na nasa crypto.

Bounties & Rewards [BOUNTY] / Re: ✅[BOUNTY] ✅ Gas Wizard ✅ 40K$ worth of $GWIZ Token Rewards ! 4 Week Campaign✅

« on: April 27, 2024, 04:51:52 AM »

Ethereum Forum / Re: Will we really see an Ethereum ETF?

« on: April 26, 2024, 05:34:45 AM »

Quote from: babo on April 25, 2024, 09:53:30 AM

Meanwhile in the parts around Asia in a little place called Hong Kong, they have approved BTC and Ethereum ETFs, not bad
they can start operating from the end of the month so in reality they are not really active if we want

Ethereum ETF has already been approved in the Hong Kong market but as I have read somewhere we should not expect that there can be a big impact for Ethereum as the market in there is not gargantuan compared to the one in USA. And this is the reason why approval in US will be a game-changing for the Ethereum market. Now, the approval will likely be postponed in May but this does not mean it will not be...this is just waiting for the right and appropriate time and that time can extend into 2025, for sure as things are still being ironed out both by SEC and the ETF applicants. Plus we know that SEC can be playing the dilly-dally game so as to project its regulatory power to the whole cryptocurrency industry and this was quite obvious in the BTC-ETF saga. In the meantime, we should take this as a good opportunity to add more ETH to our portfolio as the price right now is very attractive - below $3200 when its right price should have been $4K already.

Ethereum Forum / SEC May Deny Spot Ethereum ETF In May

« on: April 26, 2024, 05:21:39 AM »

Based on some insider views and analysis, the expected approval of ETF for Ethereum will likely be denied in May and in addition nobody can definitely say when will the approval can be, just like what SEC did to Bitcoin ETFs. I can sense a good pattern here since SEC is actually an antagonist to the whole cryptocurrency industry while pretending to be a watchdog and regulator in the name of the US government.

According to this published article: "The US Securities and Exchange Commission (SEC) is expected to deny Spot Ethereum ETF approval next month, according to insiders. Indeed, a report from Reuters notes that the ongoing meetings between issuers and the SEC have dampened expectations, with rejection likely in May."

1. Do you think that eventually approval for Ethereum ETF will happen in either in 2024 the earliest and 2025 the most?

2. Do you think there will almost be the same story here...just like what happened with the Bitcoin ETF...where a court case was necessary to compel SEC for the eventual approval?

General Discussion / Re: Old age

« on: April 26, 2024, 05:12:30 AM »

Quote from: bisdak40 on April 24, 2024, 09:55:29 AM

Retirement age from working in our country is 60 years old, so after that we can have pension and if God permits i would like to be still with my family while travelling places which i don't go when I'm young. But being in a developing country where the pension is just low, senior citizens travel are only for the few rich hehe.

I can feel you, dear! Naturally, people would love to get into old age and not be another Rico Yan who died young right on his prime. While aging and getting into old age is not something really celebrated, it is something we have to thank for as it is actually a privilege to live on this world and continue to experience the beauty of live - and of course continue to see how our crypto portfolio is performing everyday. With old age comes many new challenges and difficulties and on top of them can be financial and that is why we need to save money, learn to invest and love the people around us so that if we are lucky to get old we won't have to rely on others and the government for support. I am just hoping that soon we can have a reliable crypto-based program that is catering to the needs of older people...and I am calling creative people in crypto as well as those who got the money to finance a project to think on this big "senior years" market. Mabuhay ang mga matatanda!

Cryptocurrency discussions / Re: DOJ thinking transactions are an Unregistered Money Transmission Business

« on: April 25, 2024, 03:49:07 PM »

Quote from: Zed0X on April 25, 2024, 03:09:28 PM

I'll leave it to the defendant's lawyers how they will present their arguments. I think the prosecutors would zone in on the mixing/coinjoin feature of the wallet.

I agree that this can be the very focus of the case against the two founders of Samourai Wallet for money laundering as we know that the government is not so friendly to mixing business and maybe they have the assumption that is something is hidden then something shenanigan can be behind the transactions. I am sure that this can be a landmark case that can define many things and can either prod the US government via its DOJ to file more cases under similar circumstances in the cryptocurrency industry or it would retract and stop its overreach not unless the defendants would opt for a more friendly settlement so as not to prolong the agony, so to speak.