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Messages - Alcor

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Cryptocurrency discussions / Re: Many people Doubted crypto before Now, Why?

« on: December 09, 2022, 06:36:52 PM »

Of course, people used to have doubts about cryptocurrency, as it is a completely new type of financial asset that was not supported by governments. And many people were afraid to invest their real money in a digital value, which is not provided by anything and it is not known what group of people is behind them. Only over time, when states, their governments and various financial institutions, as well as politicians, began to speak positively about cryptocurrency, and then laws regulating their circulation appeared, this increased confidence in it. Without the approval of the cryptocurrency by the state system of power, the cryptocurrency would develop very slowly.

Cryptocurrency discussions / Re: Will crypto banks replace traditional banks?

« on: December 09, 2022, 06:23:28 PM »

The measure of legalization and the conditions for the circulation of cryptocurrency in any state will be determined by this state. The adoption of cryptocurrency by a significant part of the population of the country will mean practically nothing significant and will not affect the operation of the banking system, especially state-owned banks. If somehow there will be an impact of cryptocurrency on the banking system, states may consider this a threat to the security of their global financial system and then sanctions will fall on the cryptocurrency up to its prohibition. Don't be confused about this.

Cryptocurrency discussions / Re: Can cryptocurrency do away with fiat?

« on: December 08, 2022, 11:27:12 AM »

Quote from: Moova_btc on November 02, 2022, 10:37:39 PM

Crypto currency is already becoming a very useful means of legal tender across various sectors globally. Do you even know that you can buy luxury properties in Dubai via DUC token . You can even buy pizza with QMN and these projects are all on the ducatus blockchain

Cryptocurrency is sometimes used as a means of payment, but its use today is negligible compared to the fiat of states. The use of cryptocurrency still presents a certain difficulty for ordinary people. In addition, cryptocurrencies should be easily fungible with fiat, and states with their banking system should join this issue. But states in general are not interested in the widespread use of decentralized cryptocurrencies. But it is absolutely unrealistic to hope that cryptocurrency will replace fiat.

Cryptocurrency discussions / Re: How to bring cryptocurrency to everyone's doorstep?

« on: December 08, 2022, 10:44:46 AM »

In order for cryptocurrency to become accessible to everyone, at least two things are needed: ease of use and security. If we hope that people will study the world of cryptocurrency for a long time in order to then use cryptocurrency as a means of payment, then this opinion is erroneous. The most ordinary person with his worries and problems will not waste his precious time on this. There is another category of people who will not do it simply because of laziness.
The second problem is the problem of the security of cryptocurrency wallets and transactions. Without a reliable solution to this issue, the mass development of cryptocurrency is also hardly possible.

Cryptocurrency discussions / Re: You See The Bear Waving Hello?

« on: December 07, 2022, 11:51:53 AM »

Quote from: owmivmen on August 31, 2022, 06:28:55 PM

At that time I had sold most of my assets because there were many indicators that the market would be bearish. I'm trying to accumulate now the coins I sold before and my target is to resell them when the next bitcoin halving

The bearish period in the cryptocurrency market has been going on for about a year, and we still see no signs of its end. Lucky was the one who managed to sell his cryptocurrency at the peak of the price in time and transfer money into a stablecoin. I did it only partially, and what could be sold for thousands of dollars is now worth several tens of dollars. Some part will still be restored, the other is hopelessly lost. But all the same, the profit is generally not bad, but you can’t do without losses in this market.
I think that the market will soon be ready for the next stage of growth. Let's hope we have more to come.

Cryptocurrency discussions / Re: Threat of World War III: Will Cryptocurrency Survive?

« on: December 07, 2022, 08:07:10 AM »

Quote from: The Professor on December 06, 2022, 10:01:46 AM

If world war III, I think everything will be affected.
So, I hope will never happen.
We should have good policy to depend it, war is not the way to solve the problems.
Better do compromise.

It is very often impossible to stop the aggressors by purely political methods and through compromises. This, in particular, applies to the current Russian military intervention in Ukraine. The Putin regime recognizes only a policy of brute force. Putin perceives any concessions and compromises as weakness and a reason for further pressure.

If now Ukraine sits down at the negotiating table and concludes peace with Russia (I am not touching upon the terms of this peace at all here), then in a few years, when Russia again accumulates its military potential, it will again unleash an even more bloody war in which Ukraine will no longer be so many chances to win than now.

Therefore, in the current war, Russia must necessarily capitulate, after which international mechanisms must be developed to exclude the possibility of Russia pursuing an aggressive policy, including the deprivation of its nuclear weapons. The monkey needs to take away a nuclear grenade.

Cryptocurrency discussions / Re: Too many altcoins!

« on: December 06, 2022, 09:27:08 AM »

Quote from: Speaker on November 14, 2022, 10:48:26 AM

due to recent events, it is difficult to figure out which altcoins will become the next gem, and which ones will be a scam

This happens periodically and is a natural development of cryptocurrency. Thanks to the open source code and the ability to easily and relatively quickly create their own cryptocurrency, many use it to deceive investors and get big money. Such projects quickly leave the market, and often with the currency of investors. Investors learn from their mistakes, and therefore the number of useful cryptocurrencies in the market increases. Therefore, this path is a good opportunity for the development of this industry. There are not many altcoins.

Ethereum Forum / Re: Is Ethereum going to be the next Btc...??

« on: December 06, 2022, 09:16:19 AM »

Quote from: dodok on September 27, 2022, 11:32:42 AM

in my opinion etherum will not be able to replace BTC because BTC is the first crypto born and the price of BTC can affect other cryptos such as etherum, so it is very unlikely that etherum will replace BTC.

The price in the cryptocurrency world is an indicator that changes very quickly. This will eventually affect bitcoin as well. It still keeps a high price, as many hope that it will grow in price for a long time to come. But its price cannot rise for very long. Economic laws apply to cryptocurrency as well. When this happens, it will quickly drop in price to the level of other cryptocurrencies, and then coins with many useful properties will surpass Bitcoin. It's only a matter of time before bitcoin continues to improve.

News related to Crypto / Re: Bank of England Reportedly Working on Its Central Bank Digital Currency

« on: December 05, 2022, 10:55:02 AM »

A few years ago, information appeared that more than 80 percent of states are creating or trying to create their own digitized central bank currencies. But so far we see a very weak result in this direction. It seems that states are not in a hurry, some have taken a wait and see approach to look at the practical results of other countries, and some are slowly moving towards their creation, since this is a completely new approach to financial assets that does not need to be rushed. But over time, almost all states will have their own CBDC.

News related to Crypto / Re: The Environmental Impact: Cryptocurrency Mining vs. XDPoS Consensus

« on: December 05, 2022, 10:38:38 AM »

The attitude of states towards a cryptocurrency that uses the PoW algorithm will depend on how humanity can solve problems with the ever-increasing problem of energy use and the fight against global climate change. If the problem of energy shortage can still be solved thanks to constantly developing technologies for the use of alternative energy sources, then the problem with global climate change will only get worse. And this means that states will eventually take the most stringent measures against cryptocurrencies that use PoW, up to and including their prohibition. Therefore, bitcoin may suffer in the future.
Ethereum has already solved this problem by switching to the PoS algorithm.

Bounties & Rewards [BOUNTY] / Re: [🦊BOUNTY/SIGNATURE🦊] [Escrowed] Pawsome Game - 15,000 QIE coins (4 weeks)

« on: December 03, 2022, 05:20:03 AM »

Bitcoin Forum / Re: Bitcoin or altcoin, which is most acceptable as money?

« on: December 02, 2022, 06:22:52 PM »

This problem is already being solved by itself. Bitcoin in recent years has been very poorly used as a means of payment, that is, as money. It's all about the expectation of its holders of an even higher price. Why alienate bitcoin if after a while it can multiply in its price. In addition, many altcoins have much better functional characteristics than Bitcoin. The question remains safe, however, altcoins continue to develop very rapidly.

Bitcoin Forum / Re: After Breaching $10k, The Probability of Bitcoin Hitting $1 Million

« on: December 02, 2022, 05:45:37 PM »

Quote from: Cadaver20 on October 26, 2022, 02:31:55 PM

Bitcoin price has hit $20K again after a long time. Now some green signal is getting in the crypto market. Bitcoin has the potential to hit $1M. But it will take some time. We have to wait until the next bullrun. We expect Bitcoin to surpass $1M during the next bullrun. That's why Bitcoin is now storing energy. So now we can buy and hold bitcoins.

I don't think the price of bitcoin will ever get close to one million dollars. The higher she climbs, the more difficult it will be for her to do so. I think the number of those willing to invest in bitcoin, when it has a high price, will decrease. After all, we see that periodically its price drops to very low values. Of course, we will continue to monitor its price movements and draw appropriate conclusions. In addition, the government will not allow the cryptocurrency to rise too high in price. After all, they may consider this as a threat to the security of their financial system.

Cryptocurrency discussions / Re: Why altcoins exists?

« on: December 01, 2022, 03:34:47 PM »

Quote from: Speaker on October 03, 2022, 08:42:17 AM

If there was no bitcoin, there would be something else. In history, even before the advent of bitcoin, there were attempts to create a digital currency, it was only a moment in time.

All useful varieties in the world of cryptocurrencies are provided by altcoins. Bitcoin was and remains only a coin, money, without any additional functions. Blockchain technology, for the first time in the world, thanks to the Internet, provides an opportunity to combine various regional databases into a single system and use it with a high degree of security online in various areas of human activity. Therefore, there are already about 22,000 different altcoins on the cryptocurrency market. The cryptocurrency market is developing rapidly thanks to altcoins.

Cryptocurrency discussions / Re: Will central banks create their own digital currencies?

« on: December 01, 2022, 08:23:51 AM »

Quote from: Karl_BC on November 17, 2020, 12:40:57 PM

What are your thoughts about the central banks’ digital currency? Will it be a threat to Bitcoin or could it give Bitcoin a boost?

Of course, almost all states will issue their own digitized national central bank stablecoins. There is not even a doubt about this. It is not even clear yet why they are delaying their release. After all, the efficiency of the work of conventional non-cash payments of fiat money in this case grows significantly. Most likely, some states are in no hurry to create their own CBDC in order to see the practice of their use in other states, and also due to the fact that this is a completely new type of financial asset and haste is inappropriate here.

CBDCs will not have a significant impact on cryptocurrencies, including bitcoin, since they are completely different financial assets. Just as the non-cash payments of governments did not have any significant impact on the cryptocurrency, there will not be such an impact from the side of the CBDC.