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Messages - Stompix

Pages: [1] 2 3 ... 47
1
And more recent news state the company currently trying to obtain money do that. Although one of the source is through loan.
Source: https://cryptobriefing.com/dmm-bitcoin-repayment-plan/

So in theory the hackers have created demand for Bitcoin, that is if they don't dump the stolen coins for fiat.
Drawing a parallel to the FTX case, will customers want coins or cash, at the time of the hack the price was 67.800  8)

Anyhow, weird that in order to repay 300millions they took a loan of 32 million, and are looking for an additional 300 million in backing and 17 millions in subdebt, so not only they seek more money but didn't they have any reserves or assets?


2
Anyone who still listens to this guy's advice probably hasn't put a dime in with the previous ones or is worse than a gambler going by the saying that even a broken clock is right.

A friendly reminder why not to take advice from Rich Author Poor Readers

Longer version:
https://www.evidenceinvestor.com/the-biggest-crash-in-world-history/

Oh and don't forget, the only moment Kiyosaki wasn't talking about crashes but investments was when he told everyone to invest in real estate...in 2007...


3
Moving coins to an exchange or a custodian service doesn't mean they have sold it yet, which actually makes things worse if this is just a panic sell without any additional market order pressure really applied.

Rather than those troublesome 50 000 BTC (which is definitely not peanuts, it's about 100 days of mining revenue so,), I'm a bit more concerned with the fomo or the hype losing steam in ETFs, 825k coins in March 20 and just 871k coins in June 20, 46k coins in three months will all the advertising no bad news no nothing, the most positive atmosphere we could envision especially with the talks about rate cuts.

4
Meme Coins / Re: Top MEME Coins For 2025
« on: Today at 02:42:41 PM »
One more thing, don't forget $DOG.GO.TO.THE.MOON as a memecoin on the Rune Bitcoin chain which is the top chain and will never be forgotten.
$DOG distributed fairly and there is no allocation for developers, influencers or CEXs and now it has even reached a high market cap of $960M.
In the near future it will touch the $1B market cap and overtake all the memecoins above it.

All-Time High  $0.009765 -45.8%  Jun 04, 2024 (17 days)

It has lost nearly half of its value in the at two weeks, and that initial value was because of the hype of being issued in the halving block and one of the first rune, but unlike other coins, it's completely dependent on the rune hype if that dies down there is nothing saving individual tokens that don;t have their won chain to promote anything else.

Not to mention that bitcoin fees spike can kill rune usage just like that!
Having its own chain is what gave Doge the edge!

5
The reason this came to mind is because I saw a new project named CBPAY that's supposed to be a crypto payment solution that supports some top cryptocurrency.

So . let me ask a simple question, pure logic!
Why would I need a 3rd party solution and a token when I can simply pay with my coins I already have directly, just as Satoshi wanted, a pure p2p currency?

Why overcomplicate payments with another token or coin that might be dead tomorrow?


6
I don't think it will totally depend on the price of Bitcoin in 2030. Ethereum can increase massively although Bitcoin price doesn't increase high. Some factors like Ethereum ETF, Ethereum adoption, and Ethereum development can trigger the price increasing significantly.

Yeah except the fact that with all the development and so-called adoption, ETH was losing against BTC , after managing to reach 12:1 in 2021 from there it has continuously lost, reaching 18:1, and we can all agree that the current rise in ETH is just because of the market going green otherwise ETH would be leading the growth, which ...it isn't!

So, with Bitcoin in a continuous bear market, I don't see ETH reaching even 5k let alone 20k.


7
https://www.nicehash.com/blog/post/nicehash-firmware-powered-by-mara
I don't think it's a bad deal as the fees are 2% firmware fee for any mining pool other than NiceHash and 1.4% for NiceHash pool

Unless they show us what that "elite mining technology" does and how it compares to others there is no way to tell.
An overclock s19 doing 97th instead of 95th while going from 0.034j/Gh to 0.037j/Gh, well, not that out-of-this-world technology as advertised. Plus I assume that you don't get the pool fee waived on top of that.



8
The bad part is that Australian courts denied a criminal charge case, the good part is that this case in the US if won would prove not only Facebook negligence but the fact that they actually benefited and intentionally did not take full measure to stop such ads that were contributing to their revenues.

It would be great to have them lose in court, it opens the gate to anyone who was portrayed in an ad without their consent to sue them.

9
However, even if the Internet did not exist, Bitcoin transactions might be routed via radio waves. That would not be as practical as when using the Internet.
An example of a Bitcoin transaction using radio by Rodolfo Novak to Elaine Ou:
https://x.com/nvk/status/1101548727460741120

That's a LN transaction and even if it were a on chain TX the main problem is still there.
You can broadcast a tx to someone else, but that tx will never be confirmed unless it's added to the blockchain, and that won't happen without the internet. And even so-called decentralized or independent internet networks like Lora or what Helium is to achieve or even Starlink still need the good old internet to get the data they need, so basically no!
Internet goes down, the value of Bitcoin and all other coins crashes to 2009 levels.
The good part is that you won't see any twitter or tiktok drama either!

10
Meme Coins / Re: Finally, a memecoin for beer lovers 🍻!
« on: June 20, 2024, 03:17:14 PM »
Did you mean this one?
https://www.coingecko.com/en/coins/beercoin-2

This is new enough.


This coin has experienced a very significant increase at the beginning of its listing, so it seems that if it enters now, it will be quite late. Moreover, this is meme coin which is actually very risky. Clause I won't be coming back to this now because it's currently dropping and who knows how long it'll be until it drops again. while it will be difficult to happen when the meme coin has started to drop quite drastically, then it can continue to skyrocket. Yes, there is, but the risk is quite high.

And here is how it looks now


A -83.7% drop in 14 days would be enough for anyone to stop loving this coin and to stop drinking beer also had he gone all in on this shitcoin. All those tokens are just pump and dumps, you can win once but you will get fleece one hundred times.

11
Cryptocurrency discussions / Re: Are more altcoins killing altcoins?
« on: June 20, 2024, 03:03:13 PM »
No, don't be silly.

Just because more altcoins are being created everyday, doesn't take the focus away from altcoins that already have people's attention, unless they fall off of CoinMarketCap.

Dash, NEM, NEO, EOS, Elrond, how many have lost their userbase and are not able to reach forget a new ATH but at least on par with the last one? Once you go to the second page of any listing you will see a ton of old coins there and a lot that have lt even managed to reach again in the last year yoy based.

There is a limit to how much money people can throw at those alts and new ones devour that share, you don't even have to go that low in the ranking, cardano and polkadot are clear examples.

But one of the problem is more altcoin doesn't always mean more innovation or different capability.

I stopped in 2017 looking for innovation from these coins, the amount of true innovations seems like is going down faster than anything, what we have more and more is vaporware or useless features but packed as shiny as possible to sell.

12
Crypto gaming (GameFi) / Re: Evolution Of Gaming And Play2Earn.
« on: June 20, 2024, 02:46:47 PM »
Currently, one P2E game that has amassed considerable traction is Hamster Kombat, which is built with really interesting and absorbing gaming elements.

Absorbing gaming elements?
It's a taping game like the ones back two decades ago in the ages of Kongregate and flash when you tap the screen like mad and earn coins to dress your character, what is "absorbing" in it? At least with previous junk you had something else to do with this one is just like visiting faucet websites daily.


13
However, several parameters such as coin popularity, coin features and also liquidity are also often taken into consideration, someone is willing to pay a higher fee because it is really worth it...

Why?
You're basically saying that someone would pay 5$ for a product while paying with Visa instead of paying $4 with a Mastercard because Visa is more popular and has more users. Why would you do that?
People who have to pay higher fees on some chains do it because they have funds in there and not on a cheaper alternative.


14
Cryptocurrency Trading / Re: Is trading all about luck?
« on: June 19, 2024, 12:20:58 PM »
@Stompix you are trying to make all things looks so complicated for me for your answer by saying trading is gambling. Is there any book sold out there that speaks about becoming successful in gambling?

Just go to any major bookseller and search for a guide or course on gambling there are hundreds of them, just as there are hundreds for lottery tickets and thousands for poker courses or blackjack.

Traders who think they have found a way to corner the market are just falling in the same category as gamblers who have found a "system", 90% of traders fail in the market, and trading companies are trying to hide that but in reality, there is no way to save your ass when the market goes wrong completely in a way never seen before, think of the great crashes when traders where committing suicide and think of events like oil going negative.

Every single bet is just your gamble that past performance as described by an indicator would be the same in the next day or month.
It's as simple as that!

Crypto traders are even worse, they fail to understand that most of those trades are not profitable because whatever TA they use, they are profitable because cryptos have gained in value immensely, even a hamster trading cryptocurrencies would have made money in a bull run.
https://www.npr.org/2021/09/25/1040683057/crypto-trading-hamster-goxx-warren-buffet-s-p-500

Anyone who says it's about knowledge and skill, good, show me the price for Bitcoin in a week a month, and a year based on your TA, and after first wondering why people despite using TA come with different answers let's see how off they were! Of course, traders don't like the comparison, it hurts their ego, but that's what they do, they gamble based on the past price just as people gamble based on Portugal's previous euro performance.

15
So, how is going this war on US soil going to happen?

The Russian navy has zero deep sea projection capabilities, they would only have 12 landing ships for that carrying at most 80 tanks and 5000 personnel, with only 3 ocean-ready tankers for that mission and absolutely no way of enforcing any kind of air superiority.
It was a nice post on reddit that mentioned it would take 30 years for the entire Russian navy to deploy all the troops the US sent in the first Gulf War in 3 months.

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