Bitcoin, Cryptocurrency, and the Future of Global Finance

#2,703
#2,703
I’ve always seen meme coins as more of a speculative gamble than anything serious. My take is you’re really just playing a game and hoping someone jumps in after you pushes the price higher. Sometimes it works out, like I made a nice return trading SHIB a while back, but that felt more like pure luck than any skill or sound investing. When it comes to making crypto actually useful or giving it a bit more legitimacy, I tend to watch tokens and projects where there’s real activity, like decent volume and liquidity on reliable DEXes. It’s actually interesting reading about why projects push for higher visibility and volume on places like Raydium, since there’s a lot of tech and strategies behind the scenes that most casual buyers probably never notice. If you want to dig deeper into what goes into that, you can read more about how some of these tools and bots help build up token activity for real.
 
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#2,705
#2,705
kiddiedoc said:
Wish I had been a little more aggressive when ETH dropped to 900 a little over a year ago...
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Yeah that would have been a good buy. There are still a few that have not taken off yet but time is running out quickly, today was a pretty big move on the XRPL.
 
#2,706
#2,706
kiddiedoc said:
Wish I had been a little more aggressive when ETH dropped to 900 a little over a year ago...
Click to expand...
sadly people still won't buy bitcoin because their finance manager will tell them it's too "risky". Meanwhile we are on the road to a $200k BTC. There's no telling how high the value will be in 10 years from now. All while the value of the dollar drops every year. Blackrock and the big boys are buying it up. Swim with the whales.
 
#2,707
#2,707
SWIL said:
Given the recently events in China and Great Britain, I figured I'd throw a post up concerning a topic I've been keenly interested in over the past few months.

I'm convinced we are headed toward a global currency in the near future; a decentralized system that removes government/organization tampering and manipulation. And, I believe bitcoin has a very real chance to being that currency.

If you look into a part of the technology behind bitcoin, blockchain, you'll see the whose-who of the financial and corporate world heavily investing in this tech and desperately trying to bring their own (controlled) versions of bitcoin to the market before it's too late.

Anyone else following and investing in cryptocurrency?
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I've looked. I just don't trust the security of the system. Quantum computers are on the horizon and they bring the promise that no passwords will be secure. I just cancelled a debit card that I had only used one time at a secure ATM (inside a restricted building that I have access to). Someone had pirated it and installed the Apple pay app on it. Two weeks ago I was informed of a data breach of medical data. They warned that DOB, SS#, Addresses, etc. had all been compromised. This seems to happen at least once a year now. It might be safer to bury it in the ground or hide it in the mattress. One day, the house of cards will fall. Things will get really bad if we do away with cash and to move a digital monetary system.
 
#2,708
#2,708
SWIL said:
Every Bitcoin account or "wallet" has two keys, a public key and a private key. The public is like your email address and is used to send a receive funds. The private is your unique identifier that shows your specific ownership of the bitcoins in the blockchain

Cold storage can be simply a hard drive on a computer that never has or will connect to any networks, a paper wallet where you manually store your coins using passwords, or you can go high tech with products like trezor
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And that brings up the story about the guy that threw out his old computer not realizing that his bitcoin was on the hard drive. He searched the landfill for years before he gave up...out of over a millions dollars.
 
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