it’s no secret crypto gives off money and profit but i don’t see it as money created out of thin air we invest our money, time, and effort into crypto which gives us results it is almost the same as other assets where you invest and you see its value grow over time
Do you feel the same thing too...or do you prefer to see that at the end of rainbow there is something really waiting for this industry...maybe a pot of gold?
I don't think cryptos value is out of thin air, it's community that gives anything value, and community is very real, and you can't fake community's trust, you can buy shillers but they can only go far.
Yes, crypto is highly speculative sector, but nonetheless it's people's faith in particular cryptos that drives the value.
Many years ago, I already had this feeling that the biggest reason why we are seeing a lot of volatility and in addition scams and frauds in the cryptocurrency market is all because people are seeing that in this industry we are just making money out of thin air...hence there is really no big value to what we are doing here and indeed we are witnesses to many crypto platforms that come and go as if gone with the wind for good.Well, I'm sorry to say but most tokens in the market today derive their value from speculation, or in other words, these projects are creating no real value or they are overvalued compared to their actual capabilities. Besides BTC, which is widely accepted and has the potential to become a reserve asset for businesses and governments, many tokens don't actually have any value for users beyond the purpose of speculation to make a profit.
And with resurgence of memecoin in this cycle of the crypto era, we are again seeing investors looking not for value but for one that can give them x10, x100 and even x1000, of course. So this has become like a gambling thing.
Do you feel the same thing too...or do you prefer to see that at the end of rainbow there is something really waiting for this industry...maybe a pot of gold?
Its possible, making value out of thin air with cryptocurrency, but only those who knows how to go about it will also enjoy on what it gives, though nothing comes as easy as that, but we keep on striving and trying our best till we achieve the best in cryptocurrency, we can make value with crypto by what we do, how we understand it and the insight we have about the networks in it.We've witnessed the creation of NOT, HMSTR, and DOGS within the Ton ecosystem, as well as the thousands of memecoins on Solana and Tron that have ignited the market with their price surges. These tokens, essentially minted out of thin air, have nevertheless captured significant investor attention and capital flows. While their liquidity may not match that of BTC or ETH, they possess a market price solely driven by speculative demand.
Its possible, making value out of thin air with cryptocurrency, but only those who knows how to go about it will also enjoy on what it gives, though nothing comes as easy as that, but we keep on striving and trying our best till we achieve the best in cryptocurrency, we can make value with crypto by what we do, how we understand it and the insight we have about the networks in it.We've witnessed the creation of NOT, HMSTR, and DOGS within the Ton ecosystem, as well as the thousands of memecoins on Solana and Tron that have ignited the market with their price surges. These tokens, essentially minted out of thin air, have nevertheless captured significant investor attention and capital flows. While their liquidity may not match that of BTC or ETH, they possess a market price solely driven by speculative demand.
This phenomenon is unsurprising. A majority of tokens in the market are primarily valued based on investor faith in their future prospects. Their intrinsic value is often minimal or significantly below their market price. This reality, while not ideal, is widely accepted by many investors who are primarily focused on generating profits rather than eradicating memecoins ^^
Many years ago, I already had this feeling that the biggest reason why we are seeing a lot of volatility and in addition scams and frauds in the cryptocurrency market is all because people are seeing that in this industry we are just making money out of thin air...hence there is really no big value to what we are doing here and indeed we are witnesses to many crypto platforms that come and go as if gone with the wind for good.You are right many people really don't understand at first how the crypto market came into place and they think someone is controlling it and putting money in it and thus that money is being traded, etc. Although it's partially true that not one person is adding liquidity but millions of people are adding. The scams and hacks are the result of bad actors who want to make quick and more money, they don't care about the way they are following they just care about money, which is so evil.
And with resurgence of memecoin in this cycle of the crypto era, we are again seeing investors looking not for value but for one that can give them x10, x100 and even x1000, of course. So this has become like a gambling thing.
Do you feel the same thing too...or do you prefer to see that at the end of rainbow there is something really waiting for this industry...maybe a pot of gold?
Many years ago, I already had this feeling that the biggest reason why we are seeing a lot of volatility and in addition scams and frauds in the cryptocurrency market is all because people are seeing that in this industry we are just making money out of thin air...hence there is really no big value to what we are doing here and indeed we are witnesses to many crypto platforms that come and go as if gone with the wind for good.You cannot make money in crypto if you don't invest fiat into it and for this reason you are not making value out of thin air, but you only allow your money to work for you just like normal traditional investment. Those that gets profits from airdrops took their time and resources to work for the project. If you buy bitcoin, you need to hodli for many years for you to have a good profit, and if you are into altcoins, they is a big risk because it is similar to gambling due to pump and dump. The volatile nature of crypto makes it very risky to deal with and a lot of people have run at big loss without making any profit.
And with resurgence of memecoin in this cycle of the crypto era, we are again seeing investors looking not for value but for one that can give them x10, x100 and even x1000, of course. So this has become like a gambling thing.
Do you feel the same thing too...or do you prefer to see that at the end of rainbow there is something really waiting for this industry...maybe a pot of gold?
it’s no secret crypto gives off money and profit but i don’t see it as money created out of thin air we invest our money, time, and effort into crypto which gives us results it is almost the same as other assets where you invest and you see its value grow over time
Exactly, that's what i wanted to say. Crypto don't just gain it's value from thin air. It values comes from the agreement between every individual in making it a general language/acceptable medium of exchange.
Do you feel the same thing too...or do you prefer to see that at the end of rainbow there is something really waiting for this industry...maybe a pot of gold?People who see crypto as a get rich quick scheme often make mistakes, they are very vulnerable to scams such as scam projects, money doubling schemes, deepfake videos, etc. i don't know about other coins, but i know what gives BTC its value, it has utility and solves a problem and so its value is not just made out of thin air.
Do you feel the same thing too...or do you prefer to see that at the end of rainbow there is something really waiting for this industry...maybe a pot of gold?
-snip-Yes, everything has undergone quite drastic changes and for coins that have remained in their position and even tend to rise, it is the top altcoin that needs to be used as an investment.
Just observe which coins are top 100 now and which were top 100 3 years ago. Basically all coins changed, except for a few ... but most of them changed
I think most altcoin marked is just that. Basically ponzi schemes.
There are some very few projects which may have some value after all, but other than those we are really just seeing pump and dump coins.
Just observe which coins are top 100 now and which were top 100 3 years ago. Basically all coins changed, except for a few ... but most of them changed
---Unfortunately, that's the case with most of the altcoins hence, most of them are being labeled as scams.
And with resurgence of memecoin in this cycle of the crypto era, we are again seeing investors looking not for value but for one that can give them x10, x100 and even x1000, of course. So this has become like a gambling thing.
Do you feel the same thing too...or do you prefer to see that at the end of rainbow there is something really waiting for this industry...maybe a pot of gold?
~snip~
And with resurgence of memecoin in this cycle of the crypto era, we are again seeing investors looking not for value but for one that can give them x10, x100 and even x1000, of course. So this has become like a gambling thing.
Do you feel the same thing too...or do you prefer to see that at the end of rainbow there is something really waiting for this industry...maybe a pot of gold?
So instead of making it confusing we can simply say that crypto is a high risk high reward.Crypto, just like anything you call an investment, is risky, though the risk level is never the same. I don't risk my money on new altcoins, i know that a lot of people do, but i think it is synonymous to gambling, so i stay away. I buy BTC and i build my knowledge about it, so i would not lose my coin to scammers or my own mistake, that has been a safer approach and it has worked for me.
And with resurgence of memecoin in this cycle of the crypto era, we are again seeing investors looking not for value but for one that can give them x10, x100 and even x1000, of course. So this has become like a gambling thing.
Do you feel the same thing too...or do you prefer to see that at the end of rainbow there is something really waiting for this industry...maybe a pot of gold?
That's how it has been, specially with the emergence of altcoins, it started to turn things around and become a gambling per se. For investors, who look for that diamond in the rough so to speak with this meme coins and what is the latest hype.Maybe for people who expect quick and multiple profits, meme coins or shit coins that have just emerged are a path that they can really rely on. because if we look at it, sometimes in a few hours there are also new coins that increase by hundreds or even thousands of percent. this is crazy, that's why many of the profits are really beyond reason.
But for Bitcoin it's very different, we can't even hit x10 now or even x5, but the thing is that it is stable and not that get rich quick scheme like meme coins. I don't see crypto though as making money out of thin air, there are a lot of money being invested, and with that we either win or lose in the end, simply as that.
Crypto, just like anything you call an investment, is risky, though the risk level is never the same. I don't risk my money on new altcoins, i know that a lot of people do, but i think it is synonymous to gambling, so i stay away. I buy BTC and i build my knowledge about it, so i would not lose my coin to scammers or my own mistake, that has been a safer approach and it has worked for me.
Maybe for people who expect quick and multiple profits, meme coins or shit coins that have just emerged are a path that they can really rely on. because if we look at it, sometimes in a few hours there are also new coins that increase by hundreds or even thousands of percent. this is crazy, that's why many of the profits are really beyond reason.Well, we shouldn't compare memecoins to BTC because it's like insulting BTC. Although BTC was also created from nothing (along with a lot of hardware and energy), it has achieved great success in the financial market.
but yes, this is different from Bitcoin, as long as we still hold and don't sell at a loss, our assets are safe in Bitcoin, which will one day be able to increase again. and this is a very valuable crypto asset and can be said to be quite certain for the crypto business. but what about the new coins or meme coins or shit coins? If the time has passed or it is too late to take profits, it will be very difficult to hope that the price will go up that drastically again.
that's why, there is always the saying "high return, high risks, and vice versa.
Do you feel the same thing too...or do you prefer to see that at the end of rainbow there is something really waiting for this industry...maybe a pot of gold?
Yes Making quick money in cryptocurrency is not always realistic. Focus on understanding process and take smart risks to succeed. Be wise when investing and know difference between coins like Dogecoin that rely on popularity and those that solve real problems. We always choose cryptocurrencies with strong teams and ongoing improvements and practical uses. We do not make emotional decisions and stay informed to avoid losses even big companies like FTX and LUNA failed. By being thoughtful and cautious we will make better investment choices in growing crypto industry.
Well there's nothing at the end of the rainbow. We should enjoy the rainboy untill it fade away. If we wants to make some good profit we've to accept the risk of losing our asset.
In memecoins it goes on just in reputation. Everyone knows dogecoin is the first memecoin and it was very cheap untill elon musk shows his interest on Dogecoin.
But some crypto does have actually use cases , they are solving problems of this crypto industries and bringing creativity inventing and intruducing new feature to us. We should choose them instead of blindly picking a token. Cause their team continuously working and bound to bring something new and attract more new user in this market.
Crypto nowadays accepting in a lot of industries and using broadly. So we have to decide what we're investing. Is the team is good?
If we can find out these it's not like gambling it's fundamental analysis. At the last don't mix your emotion in crypto.
We saw a lot of bug industries falls to zeero. Like $FTX & $LUNA who would have thought they are gonna be bankruptcy. So it's not always predictable, Don't mix your emotion.
And with resurgence of memecoin in this cycle of the crypto era, we are again seeing investors looking not for value but for one that can give them x10, x100 and even x1000, of course. So this has become like a gambling thing.
Do you feel the same thing too...or do you prefer to see that at the end of rainbow there is something really waiting for this industry...maybe a pot of gold?Value and usecase will always win because these are the two that conquer the market and what makes the industry moving forward.
We do not make emotional decisions and stay informed to avoid losses even big companies like FTX and LUNA failed.Ftx is a collapsed centralized exchange and their creditors made a bad decision leaving their funds in the exchange. However, many people still leave funds in centralized exchanges, even though there have been so many exchanges and custodial services that have collapsed, people don't just learn their lesson.
We do not make emotional decisions and stay informed to avoid losses even big companies like FTX and LUNA failed.Ftx is a collapsed centralized exchange and their creditors made a bad decision leaving their funds in the exchange. However, many people still leave funds in centralized exchanges, even though there have been so many exchanges and custodial services that have collapsed, people don't just learn their lesson.
snipsnip
xxxxxxxxxxxx they need to learn about the security of crypto assets even before thinking about investing in it.