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2023-06-08 21:08:42 Cathie Wood tells Bloomberg she's still confident in Bitcoin hitting $1,000,000 by 2030.

"The more uncertainty and volatility there is in the global economy, the more our confidence increases in Bitcoin."

@Cryptocurrency_Inside Open / Comment

2023-06-08 19:46:45 Why crypto?

Crypto offers:
Clear and open rules for everyone
Free access to the financial system for everyone

Fiat currencies like dollars and euros and all that are managed by Central Banks with unclear and non-transparent rules.
Whose interests are they serving?

In recent years, an unprecented amount of money was printed. And they might start the printing again.

Nowadays, you need to make 15% more every year to outrun the money printing press.
But that's only possible for the rich, while average folks in traditional markets don't have that chance (unless they get lucky).

Bitcoin, as the most popular and largest (for now) crypto, solves this issue.
It has a max supply of 21 million, which is part of its protocol – no more Bitcoin after that.
Sure, it can be changed, but it's a super complicated, and transparent process that needs approval of loads of participants.

Even better, crypto allows anyone anywhere to access the financial system for free. It also cuts out middlemen, giving people the maximum profit.

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2023-06-07 21:40:25 SEC attacks are a step toward digital currency adoption

Cardano founder Charles Hoskinson said that the SEC's case against Binance is motivated by the regulator's "political opposition" to the very existence of cryptocurrencies.

The SEC's attacks are a step in the implementation of "Checkpoint 2.0." The final step in this "program" will be the adoption and launch of a central bank digital currency, Hoskinson believes

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2023-06-07 21:04:37 Crypto speak: Looks rare

“Looks rare” is an ironic way of saying that your NFT may be valuable (without actually knowing it).

Since the value of most NFTs is determined by their rarity, the one that looks rare and is rare could bring you profit.

Therefore, you can go to social networks and brag about your NFT with the comment “looks rare,” hoping it is true.

By the way, a competitor of the most popular NFT marketplace, OpenSea, called Looks Rare, used this meme to launch its token.

@Cryptocurrency_Inside Open / Comment

2023-06-07 16:49:25 What is volatility?

In the context of crypto, “volatility” describes the ebbs and flows of cryptocurrency prices. High volatility is a hallmark of the crypto market, whereas traditional stock exchanges are relatively stabler.

The following has a profound impact on volatility:

— Market sentiment
— Liquidity
— Speculation
— Regulation
— News.

However, myriad other unpredictable factors may also impact volatility

Therefore, investors of all levels should take into account influencing factors that could sway the markets to reduce risks.

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2023-06-07 16:31:04 Are crypto transactions anonymous?

Crypto transactions on blockchains are “pseudonymous,” meaning they can be traced to wallet addresses (via public keys) but have no direct connection with people’s identities.

Every transaction is open to the public, and anyone with an internet connection can view them. The date, the amount sent and received, the wallet addresses — all of this data is impossible to conceal.

However, if you use a non-custodial wallet, it will be impossible to identify you as the wallet’s owner (unless you deanonymize yourself).

For example, if you send crypto from a centralized exchange to your non-custodial wallet, the exchange now knows who the non-custodial wallet belongs to since you must pass Know Your Customer requirements by showing your ID.

Therefore, if you practice the basics, you can be completely anonymous on the blockchain, and no one will ever know your personal information.

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2023-06-07 09:10:49 “We need to educate governments that bitcoin is bitcoin and everything else is something else. All of them, except for bitcoin, are securities,” Samson Moe.

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2023-06-06 22:21:47 Why don’t my funds get deposited?

A widespread problem for beginners: They transfer funds from one wallet to another, but the coins don’t get deposited.

Why?

There are 3 main reasons:

1. The processing speeds of blockchains. Sometimes, blockchains are slow, and transactions take longer than usual. For example, in Ethereum, transactions can sometimes last for hours.

2. Invalid network or address: You could have made a mistake when choosing the network. For example, if you transfer your USDT from the Tron network to the BNB Smart Chain network, the transaction will not pass. Make sure the network and address match.

3. A memo is not specified: Some blockchains require specifying a memo when sending transactions. A memo is a “comment” on a transaction. If necessary, the exchange will warn you what memo you should specify, so read the instructions carefully.

And one more general tip: If you’re making a transaction for the first time, make a test transfer by sending the minimum amount — e.g., 1 USDT. If it’s successful, it’s safe to send whatever amount you want to that address.

Don’t forget that, in the crypto world, it’s often impossible to return money lost or sent to a wrong address.

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2023-06-06 15:35:32 BTC volatility is lower than Meta and Amazon, but higher than gold and Apple

Volatility shows the rate of change in the price of an asset over a period. The higher it is, the more the price can change and the riskier the investment in this asset

The value of the average 30-day volatility:

Gold - 15%
Apple - 23%
Bitcoin - 32%
Amazon - 40%
Meta - 49%

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2023-06-06 11:59:53 Bloomberg analyst predicts crypto's fall
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Bloomberg Intelligence analyst Mike McGlone suggests that the worst days are yet to come for Bitcoin. Based on current trends and the actions of the Federal Reserve, he sees a downtrend for Bitcoin.

He also points to a possible further drop in the price of Bitcoin. At the end of 2019, the cryptocurrency was trading around $7,000, after which its price soared. Now, Bitcoin's value is around $25,000-27,000, indicating a 52-week average decline.

Mike McGlone notes that Bitcoin's recent price swings, when it dipped to $15,000 in 2022 and rose to $30,000 in April, are similar to historical ups and downs caused by changes in liquidity. That's another factor that could speak to the cryptocurrency's possible decline in value.

McGlone doubts Bitcoin's ability to withstand a shrinking U.S. economy because the cryptocurrency is relatively young and considered a high-risk asset.

Do you believe in Bitcoin's growth?

- Yes
- No

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