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Bounties & Rewards [BOUNTY] / Re: [🦊BOUNTY/SIGNATURE🦊] [Escrowed] Qidex Exchange - 75,000 QIDEX tokens (4 weeks)
« on: December 07, 2022, 07:20:54 AM »
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32
Bitcoin Forum / Re: BTC - Again Pushed to $10k?
« on: December 06, 2022, 02:45:02 PM »I don't think that countries are thinking of placing some restrictions because of the bear condition, it may be on the FTX collapse issues. No country will place a restrictions because of bear market situation, it can happen on other market places like stock, commodities, FX etc.You are quite right about not being able to correctly predict Bitcoins price until we actually see that it happen then we can say that what anybody said was correct. I posted this chat in my previous post today,
In addition, BTC may push to near $10k, although many Analysts has also predicted some price renge for it bottoming, and I think that some of these prices are just predictions, remember that it is very difficult to predict Btc, and in crypto, anything can happen.
we can clearly see where the daily Bitcoins price is headed plus some indicators flashing a future bear continuous trend like what we see from the Stochastic RSI in the overbought zone. From what others have also claimed, the Red line below in the SS proves if Bitcoin were to dip further we are actually looking at a price range of $12k-$10k.
33
Bitcoin Forum / Re: BTC showing some strength, will it hold on?
« on: December 06, 2022, 01:46:15 PM »Well, it is obvious that the market, in general, is still in a bear trend and as some most have predicted, we can still see a downward price of Bitcoin towards the $12k range which is the red line that will now act as a major support and the stochastic RSI is flashing overbought sign in the Daily Bitcoin price chat. Let's see what happens in the days/weeks to come.
34
Incentivised Posting / Shill / Re: After FTX collapse, some call for a return to decentralized roots
« on: December 05, 2022, 08:49:03 AM »I agree with what you said. I believe that the problem is people still refuse to manage their crypto assets by keeping cryptos off the CEX wallets in none custodian wallets but leaving all those funds in the exchange and when anything happens, many are affected. DEXs are a good way to go giving you the opportunity to hodl your coins/tokens unless something happens to the project itself.
We in the cryptocurrency market are always reminded never to fully trust centralized platforms all the time. I am not saying that CEXs are not important because overall they are playing a big role in the promotion and expansion of cryptocurrency business but we have to set the parameters right. Do not ever leave your cryptos in CEXs especially if they are in huge amount and only transfer to them if you have already decided to trade them. Now, we also note that actually DEXs are not that 100% safe and secure...based on what we witnessed they can be so subject to hack anytime...and worst some were victimized by insider-based hacking which is 100% breach of trust. As this industry is still evolving, we have to be always careful never to be one of the victim statistics.
35
Cryptocurrency discussions / Re: Will the Digital Yuan makes China even more powerful?
« on: December 05, 2022, 08:38:13 AM »China has been testing the Digital Yuan and soon the Digital Yuan (DCEP) will be implemented soon. Will this move make China even more independent and more powerful? And what are the consequences for the world trade?If I know what this is referring to then it would be CBDC regardless of its nomenclature. Its value is the most important and translates to how the country's economy would or might not change because it is now more digital than in fiat form. Look at the countries that have launched the so-called Digital currency ie CBDC. This is just a way to make the less literate citizen thinks their Government is being involved in Cryptocurrency which is far from it.
Read the article: China Soon to Legalize Digital Yuan and Ban Other Stablecoins, DCEP to Work With WeChat and AliPay
36
Bitcoin Forum / Re: After Breaching $10k, The Probability of Bitcoin Hitting $1 Million
« on: December 04, 2022, 12:26:31 PM »We do not need to wish to reach 1,000,000 USD for 1 Bitcoin, by reaching 100,000 USD alone it has become 10x times the price of 10,000 USD for 1 Bitcoin starting from now on the Binance market.
Just imagine with a nominal 100,000 USD = 1 Bitcoin there will be a lot of money in circulation and surely the holders of Bitcoin will experience sudden riches.
Maybe 1,000,000 USD is quite far but everyone has the right to assume and this is legitimate in the world of cryptocurrency.
I agree with you there. This even now still looks quite a time away from now because after the market recovers from this bear market from Bitcoin dipping to around $15k, recovering back to its ATH of $69k and surpassing that to $100k or maybe above and here comes another bear market and the cycle continue will definitely take a long while before a $1m Bitcoin price can be reached even though I believe someday this will happen.
37
Cryptocurrency discussions / Re: Will central banks create their own digital currencies?
« on: December 04, 2022, 12:09:04 PM »There are already countries in the world that has launched their CBDC digital coins, and many countries has concluded plans to launch their CBDC. I think this is the channel that the central banks in the world will come into cryptocurrency and the blockchain technology. It has been researched that the blockchain is an excellent technology and the central banks has no options than to come into it through its own CBDC strategy.The Central Banks in the countries that are aiming on launching their own CBDC around the world are not really adopting cryptocurrency but rather looking at using their CBDC to block the adoption of cryptocurrency. They might be using Blockchain technology which can also be used in many other aspects of the economy from medicine, Agriculture, transportation, etc. CBDC and Cryptocurrencies are two different things, you cannot trade it like you do crypto as I have stated in my previous post here which I believe is the most attractive aspect of all Cryptos.
38
Cryptocurrency discussions / Re: Will central banks create their own digital currencies?
« on: December 03, 2022, 03:02:24 PM »I think that with the Digital Yuan project that China has created, it will soon be followed by other countries' Central Banks. Because this crypto is very fast spreading freely. So I am sure that soon there will be other projects such as Digital Yuan from various countries.Point of correction, CBDC is not a crypto and if we keep calling it that, people or investors mostly newbies that don't understand might actually think this is a cryptocurrency and again I don't think it is fast spreading as you say.
Quote
There are nine countries that have fully launched a central bank digital currency (CBDC). Eight of the nine countries are located in the Caribbean. Nigeria and its e-Naira became the latest country to institute a CBDC. It is the first country in Africa to create a CBDC.
You can read the rest of the publication there
This is just a digital form of the country's fiat currency and the same value nothing more. In a country like Nigeria, this is not even popular in usage yet but may be in the coming years as the Government is trying to make transactions cashless, maybe adoption might increase but you cannot trade it like any Cryptocurrency.
39
Bounties & Rewards [BOUNTY] / Re: [🦊BOUNTY/SIGNATURE🦊] [Escrowed] Qidex Exchange - 75,000 QIDEX tokens (4 weeks)
« on: December 03, 2022, 02:00:38 PM »
Proof of authentication;
Telegram username: @Nicecrypto
Campaigns applied: Signature
QI wallet address: 0x54eb06d990dd42acA18CfD05C2736adF2299a412
Telegram username: @Nicecrypto
Campaigns applied: Signature
QI wallet address: 0x54eb06d990dd42acA18CfD05C2736adF2299a412
40
Cryptocurrency discussions / Re: Bear run may be too far from ending.
« on: August 11, 2022, 10:38:13 AM »To be honest I think the bear market will continue for a long time now. The global unbalanced economies due to war and pandemic are going to sustain for some more time.I don't think any of these two factors you mentioned still have any effect on the cryptocurrency market, I however understand that some of us think they do. I believe without the war and the covid pandemic, the market would have still gone through its normal bear season as other times, so I believe that there will be a normal recovery after the natural bear season ends and this will further be confirmed after the next Bitcoin Halvin.
41
Bitcoin Forum / Re: Why do govts don't make Bitcoin illegal worldwide ??
« on: August 10, 2022, 12:30:23 PM »I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. dash or laundry systems) : this is governments worst nightmare, isn't it ?
I have read several opinions here, that said govt didn't legalize bitcoin because bitcoin can't be traced and could be misused by illegal activities.
I think I agree with this.
But maybe at the coming future, It will be
I hope we do realize that it is easier to trace Bitcoin than we can trace Fiat money when it comes to criminalities. If you have been following stories rising from a country like Nigeria where there are daily occurrences of Kidnappings and ransoms being paid, none of the ransoms are paid in Crypto but in Fiat money, because they know it is easier to spend on buying more arms and highly untraceable since it is hand to hand. so, let's not keep buying into that narrative that Bitcoin can't be traced which actually can be trace cos every transaction is recorded in the blockchain.
However, I believe it is more of the decentralization that government cannot control it totally.
42
Cryptocurrency discussions / Re: Trading and Hodling
« on: August 09, 2022, 07:41:26 AM »Crypto Trading Mean Instant Profit or Loss but for Investment Need Patience. Which one is Your Best Trading or Investment?It doesn't matter for those that know how to trade, I mean those that can read all the TAs with everything being equal with the market cos sometimes other news can greatly affect the market so if you know how to day trade, that is good and profits can be made just like HODLing for a long time which is also not guaranteed unless you invested in the right projects cos some projects might not last a long HODL.
43
Cryptocurrency discussions / Re: Which crypto should I invest in today?
« on: August 08, 2022, 10:46:40 AM »Because of their mainstream appeal and potential for value increases, the projects listed above are the best cryptos to invest in. Let's take a closer look at each of these cryptocurrencies individually so you can see why they're prized assets.I have always mentioned this, your first three picks are my favorite to date because we have seen their contribution to the cryptocurrency ecosystem, and have also proven to be the projects that have withstood all the difficult seasons the crypto market has seen and not saying there are no other projects that can give you profits cos investment is about profits but these are my best.
1] Bitcoin (BTC)
2] Ethereum (ETH)
3] Binance Coin (BNB)
4] Solana (SOL)
Dear community, Your opinion is greatly appreciated.
44
Cryptocurrency discussions / Re: cryptocurrency is one of the best long-term investments is it?
« on: August 07, 2022, 12:46:05 PM »In your opinion, whether cryptocurrency can be an option in making long-term investments? and what advice would you give to do that? whether to buy bitcoin or the like?I am just going to leave this here. If you ask people about what is the Best commodity to invest in for a long time some people will immediately call GOLD, I don't have a problem with that, you can make a little profit and it is more stable but there is no comparison between Bitcoin and Gold in terms of ROI over the same period of time.
Black Line= Bitcoin
Gold Line= Gold
Source
45
Cryptocurrency discussions / Re: Quiet Time of Cryptocurrency
« on: August 06, 2022, 10:13:04 AM »
Let's hope with all the tension going around now between USA and China doesn't escalate into what you are saying, we don't need more wars. Back to OP concern, People will always feel that way any time the crypto market goes down as we have even witnessed this in the past months but if you have been in the crypto space for some time, you would understand that it is normal for market dips and if you have invested in the right projects and have the patience you will definitely make it in crypto.
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