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Messages - Faisal2202

Pages: 1 [2] 3 4 ... 44
16
So if I have multiple addresses and I am using a unique one every time mean I am using a mixer? haha what are they smoking these days I wonder. Well, I know one thing these people are no joke, they always have some roadmaps, like first they will use the term mixers to pass their bill, because they know using the word mixer will make the situation easier for them but what they don't understand is, they are accusing an entity for there own self benefits.

While it's not how things work, I wonder who are the ones (idiots) who will approve this legislation. I also think of these events as to gain some popularity or attraction as the elections are ongoing. But in these times considering the situation I will say everyone is on the side of crypto (especially the Trump). BTW his chances are lesser. And I also heard Biden also going soft on crypto users and that's why ETH ETFs got approved as five members of the SEC have to make the decision of either approving it or not.

17
I am optimistic that once the Bitcoin ETF is successfully approved by the SEC this year, 2024; there is the possibly of an ethereum ETF in near future. I think that the success of the Bitcoin ETF will determine wether there may be other ETF, for instance, ethereum, Binance, Tron, Solana, polygon ETFs. Now, Do you think other ETFs could follow Bitcoin ETF? Just your thoughts, thank you.
I don't think there will be ETFs for BNB, Tron Solana or Polygon because these are not securities, SEC has declared 4 token securities and those are if I am not wrong, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. And considering this list, I think the next ETF would be of Litecoin, everybody loves it btw and then BCH.  I am not a fan of BCH and also don't know the stats of this token.

And yeah as of writing this post ETH ETFs have already been accepted and the price is increasing day by day. Yes, other ETFs will definitely follow BTC because of the time when Neil Armstrong landed on the moon, it streamlined ways for others to land as well. Same here BTC is Neil Armstrong. The pathway has been cleared by BTC that's why it was difficult for BTC and it won't be for other behind.

18
Ethereum Forum / Re: ethereum etf approved just now
« on: June 01, 2024, 08:35:24 AM »
Yeah that's good news for all of us, and especially for those who have been accumulating ETH for a long time, as writing of this post ETH has already been approved and the price increment can be seen after the approval. People who bought ETH before 1 or 2 days the decision day are also in profit by now due to the heavy pump in its price. ETFs play an important role in the adoption rate, now people will spend more and more money on ETH. I am talking about those traditional people who prefer to invest in ETFs.

They first will be investing in BTC ETFs but now to diversify their investments and to minimize the risk of losing funds if invested all in BTC, they will go in ETH ETFs as well. It will definitely going to increase the demand for ETH but the demand and supply ratio has to be high, I mean we don't know the exact supply of ETH it keeps coming so I doubt the scarcity factor here.

19
Do you think that Ether's different ETF approval process is a political influence or something else?
Your post is not making sense to me right now, as the news source you have provided is totally talking about the decisions and nature of the 5 people who voted back at the time of BTC ETFs and now they are concerned about ETH ETF's on the basis of nature of these 5 people who voted back then. By simple means, what the news has tried to compile is, they review the recent interviews, and statements of these 5 people (who voted) to understand their thinking and why they voted against and why not, so they could predict their next vote for ETH.

One of the voters, (Hester Peirce) showed his interest in the crypto industry, she voted for the approval of BTC back then and she seems to vote for ETH ETFs as well. Due to the involvement in the Ether community. Now can you explain a little why you think the process for both was different as I don't read any difference in the source news you provided. Plus there might be more and lesser strictness now and then, as BTC ETFs were first and ETH ETFs are second so ETHs might not have faced such difficulties to get approved.

20
20 days ago, Tornado Cash developer Alexey Pertsev has been found guilty of laundering $1.2 billion. It's a bit crazy to punish a developer for developing the code.
That's not the first time they have gone after the developer of the program, they have done worse i.e going after the developer of  Silk Road's developer Ross. They have punished him more than the expected punishment. I don't know what has changed now that they are not punishing to the same extent now. I think their minds have been changed now. With time laws modify themselves.

Well, besides the loopholes in laws, I will say, that 30 ETH is not a small step, a few days ago I replied on a thread that was Bitcoin Fund Saving scheme website posted here on "News related to Crypto". I am unable to find the link to that thread now, but that website is run by some people who have lawyers with them, and if people would donate them they will fight the first case of Tornado Cash devs. I hope you might have heard about that site as well. BTW I did not know about juice boxes as well, I wonder how many fundraising platforms would be there for such donations.

21
Ethereum Forum / Re: CAN I EARN JUST BY HOLDING MY ETHEREUM
« on: June 01, 2024, 08:02:16 AM »
I’ve been holding onto my Ethereum and Bitcoin cash for a while now, and honestly, I’ve been unsure about what to do with it. I know ETH is a valuable asset, but simply holding it doesn't seem like the best way to maximize its potential. Price has been flying up and down recently, but i'm bullish on it with the upcoming ETF approval, that is if it was approved it will be a plus for most retail holders like myself. Do you have any idea how i can make the most out of my holdings.
Yes, you can earn money by just holding Ethereum because it's a good coin for long-term investment, as of writing this post, ETFs have been approved and the prices have increased a lot. And day by day, just like BTC the price of ETH will decrease and increase. The type of increment are expecting with ETH due to ETF approvals is not going to happen because they same expectations we had with BTC ETFs.

So I think ETH ETFs will follow the BTC ETFs pattern, and that is it will decrease its value for the first few months maybe and after that there will be a boom in the price of ETH and we will see it at $6000 and many people including me are also saying it can easily touch $10k target. Which according to me is a good option. And ETH is going to give you more returns in compared to BTC as it can easily give you 2x at CMP while BTC can't give you more than 1x at CMP.

22
I think we are forced to accept and make trade-offs when giants from Wall Street like BlackRock come to this market. They can help the market grow stronger, become more popular, and have a clearer position in the economy, but their ultimate goal is always to seek profits rather than do charity. We can only focus on investing and always be cautious of their manipulation schemes. I believe that BlackRock not only wants to earn revenue from management fees for BTC & ETH Spot ETF, but they may also manipulate, accumulate BTC, and become whales in this market.
You are right, ETFs have its own pros and cons, when big money comes into the market, more manipulation take place, these centralized platform are acquiring too much BTC that it might affect the decentralized factor of BTC. It can make it less anonymous and can infiltrate the security as well. Besides I think that's not the main point of the Whitney.

She is also concerned about CBDC, she thinks what if people buying BTC ETFs are forced to backup or pair there funds into CBDC then into fiat. Means they will be left with no choice but to use CBDC in order to buy and sell the ETFs. If that's happen then you are already became so centralized. Although choosing ETfs over real BTC is the first step toward centralization but to make CBDC more successful they could make it a requirement for traditional investors using these big companies to manage there funds.

23
I wonder how far we have already fallen into the abyss of AI when you need to explain to someone that AI coins are actually nothing but the names of some altcoins with the mark AI? Who would have thought that the label AI will start selling everything from TVs, mobile phones, cars, computers to cryptocurrencies, and that people will actually agree to pay more because they think they are getting something more - and in fact, the more we use AI, the more stupid we will become.

Many will disagree, but all that has happened in recent years regarding AI is obviously only the beginning of something that in most SF content ends very badly for the human race.
You are right, but in my opinion, this is not something new, most of the projects don't have the right or main product in their hands for usage, they are just advertising their ideas, and getting funds, I am amazed who are those people, investing in only ideas. Although I know if the team is hardworking and can really implement the idea into work then it's not bad to invest but only what they don't care to lose. Or only if they want to gamble it.

Currently, there are AI projects, and most of them are using Claud 3 or gpt data models to create what, guess! GPT chatbots. I can make them, with no or lesser knowledge. Holoworld and my shell is one of the many, looks more sophisticated at the moment even if they have only a GPT chat system and they call themselves AI innovative platforms. I have a meme for these AI models.
Taken from FB.

24
Just want to know the best platform for ICO submission. Also, What are some best tips to market your product/coin prelaunch?
I find icoanalytics more useful as I also started to follow it not for making investments but to know the existence of new projects how much they have raised, and if they have any good partners or potential. If they have then I start to use their platform, even if it's in testnet phase, in the essence of getting early adopters rewards AKA airdrop for being their early user.

So, as a project owner you should raise some funds, raise some audience, bring some incentives programs, talk with some twitter and telegram influencer and ask them to spread a word about your project if you don't have huge funding then you have to talk to them otherwise they will do it without asking you, they will promote it.

Overall, I find this method of promoting your project more successful one, because people are joining, completing tasks such as following, investing, staking, locking, etc. from more than one accounts which bring more exposure to the project.

25
But something tells me we havent seen the last of these. It will be interesting to see the next big thing is that the crypto community latches onto. Will it be quantum-resistant blockchain technology?LOL
Quantum computers might not be a harm to blockchain technology. For many reasons, if they would have then there are quantum computers in place that have done nothing to BTC or blockchain technology yet. Overall, I think they lack the knowledge or optimization to do that or these quantum computers are just beta versions at the moment, I mean they don't have sophisticated UI as Windows or other GUIs have. And speaking of narrative I think socifi is the current hyped narrative, and before that it was AI.

AI still has a chance, but the next big thing I am seeing is the implementation of AI into computational power, like the combination of both of maybe both as separate narratives. Many will say the hype of AI is over but I think otherwise, I think it's just getting started and we will see this hype along with other relevant narratives. I also joined the crypto sphere 2021, and I also experienced the hype of Metaverse and NFT as I wrote too many articles on these narratives.

26
I just checked the website you provided, it's totally new to me, and to be very honest, I was not aware of the full story, I did not know the owner of the site is still in prison and facing a life sentence right now. BTW I think Trump is making the right moves but these moves seem to be so rushing and dying for a win. I mean for a supporter of Ross, this move would be like a good one.

But for not a supporter, they will say he is so desperate to take all the votes of all the crypto users, I mean he is even targeting smaller niches like category to category, first it was NFTs, and BTC, and now he is targeting the followers of influencers as well. As I aforementioned don't know the full story of why he is facing that long punishment, so I won't judge but I will say the punishment should be reduced as he is just an entrepreneur.

27
I think its already a normal thing and has become a part of our life. The world is full of good and bad actors, it can't be full of only one. Diversity plays an important role here. So considering this I would say accepting the fact is obvious but not the solution. We could spread awareness about these scams. For example, these scammers pretend as a girl when they talk with you over social media, and after spending a long time chatting with you.

They will start the conversation about investing etc. and you already talking to her and trusting here, so you will definitely trust all of her words about investments as well. Even you will send your funds to them. Results in losing it as after they receive it, they will block you. So we can spread awareness to old and new users around us so they would save themselves from such actors. We can't force them but just tell them, after that its there decision.

28
While I understand well the fact that the cryptocurrency industry has become riddled with scams and frauds, there is no strong basis why banks should not be working with it. Banks must provide the perimeters to make sure that scams and frauds can be avoided while doing business with people who are into cryptocurrency. I am sure this Kroo digital bank is not yet a big banking entity and they should have recognized the opportunity here to be ahead of their bigger counterparts and established a beachfront advantage. Alas, Kroo opted for a comfortable zone and soon they will realized they are already left behind. What is your message to Kroo, in case given a chance to express your own opinion on this matter?
You are right, although Kroo is not the only bank that will be left behind, Chase UK and Starling Bank will also join it (stated in the news). Your point of view is considerable, as the news also stated, that the Central Bank of Russia showed data that tells us that most of the scams occur due to the involvement of cryptocurrencies. I mean, people might be sending their bank funds to other people to buy crypto and vice versa. And once they don't receive the crypto they ask banks for a refund etc.

The increase in such cases and other frauds might have led these UK-based banks to take this step. I just checked the site of Kroo Bank, and the traffic of the website is too low, considering it I would say, this is really a small bank, speaking of other two they are not small, as they have more traffic, more customers thus more funds.

29
You are right, to be a successful investor you have the characteristic of keeping patience, and not getting played by the market sentiments, the ones who claim themselves as investors or long-term holders, they should not see the news regularly, although it's not a good practice to not see, but if you keep seeing the news and the current situation of the market. Then a time will come when you will feel like exiting the market and you will think of entering again when the price will dump.
But you will end up losing it all, so considering this fact, it won't be wrong to say, we should not keep a keen eye on the market situation when we are making investments, like for the long term. Long-term means we don't care if the price goes up or down for like 2 to 5 years. The time period can depend on the individual mindset.


30
Forum related / Re: How are lost account recovered here
« on: May 30, 2024, 09:13:31 PM »
That's sad that you lost access to your BTT account, BTW what's the progress, are you getting at something or not? If not then I hope you will get access to your BTT account soon. Besides we should really need to discuss this topic, as email verification should not be the only way for a member to recover his or her account, but on BTT the mods and the people responsible to give you your access back are late and delay things.

But here on this platform, I think we won't be facing such a problem because the admins here are more active and they listen to your point and respond on time. But this might change as when more members will be using this platform, admin won't be able to reply them all so besides the email verification this staking or singing the address is better option.

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