Don’t get burnt by the fire of FOMO! I’m just your friendly average trader and I want to stream on Binance LIVE, please help me get to 5,000 followers 🔥
I've been following Bitcoin's journey to 100K, and I've got some food for thought. I'm not here to spread FUD, just sharing some observations.
Bitcoin's inability to reach $100,000 may indicate a cooling down of the hype cycle. Remember, prices are influenced by market sentiment, and a drop in excitement can lead to a decrease in demand. Less demand means lower prices, which could be bad news for Bitcoin.
Bitcoin's value is largely based on its utility and acceptance. If it doesn't reach the $100,000 mark, it might struggle to gain mainstream acceptance. This could limit its use cases, leading to a decrease in demand and, consequently, a drop in price.
Lastly, let's not forget Altcoins. If investors start shifting towards these alternatives, Bitcoin's price could take a hit.
Where do you think BTC will be at the end of the year?
#WIF is a great example of where the price of #PNUT could be soon!
There’s a lot of similarities between these two meme coins, other than the hat, and I’m about to play with PNUT the squirrel after having fun with the DogWifHat.
io.net ($IO ) A Decentralized AI computing & Cloud Platform.
By aggregating GPU supply from underutilized sources, io.net creates a network that allows machine learning (ML) startups to access nearly unlimited computing power at a fraction of the cost of the traditional cloud.
✅The only reason IO seems attractive is because they mention AI
🚩There have been many unsuccessful and unprofitable cloud computing crypto project
T.L.D.R. 💡 Bittensor provides a framework for building decentralized markets, each with its own purpose, all connected by a shared token system TAO.
1. What is Bittensor? - Bittensor is a decentralized network that enables the creation of commodity markets or subnets. These subnets operate independently but are connected through a common token system.
- Think of it as a network of specialized markets, each serving a specific purpose, but all linked together under a unified infrastructure.
2. Decentralized Commodity Markets (Subnets): - Each subnet within Bittensor focuses on a particular use case or application. For example, one subnet might be dedicated to machine learning tasks, while another could handle #DeFi transactions.
- These subnets are like separate marketplaces, where participants can exchange resources, data, or services.
3. Unified Token System: - Bittensor uses a single token #TAO that acts as the common currency across all subnets. This token facilitates interactions and transactions within the network.
- Just as Ethereum introduced a common currency ($ETH ) for executing smart contracts, Bittensor does the same for its decentralized markets.
4. Blockchain and Computing Infrastructure: - Bittensor's blockchain serves as the backbone for these subnets. It ensures security, transparency, and consensus among participants.
- When subnets need to collaborate or share resources, they can do so seamlessly within this unified computing infrastructure.
5. Analogy with Ethereum and Bitcoin: - Imagine that Ethereum brought the concept of smart contracts to $BTC . It abstracted the underlying blockchain technology to enable programmable contracts.
- Bittensor does something similar but in reverse. It takes the innovation of digital markets (like Bitcoin's role as a store of value) and extends it to create a network of specialized subnets.
The opening price was 0.0400 and it went up to $4.6 in the first minute, but this doesn’t mean there was price manipulation.
If you have never experienced a new token listing on Binance, you should know this: The price moves fast.
According to CryptoPotato, the #SAGA token launch was completely new and without a specified price. I also couldn’t find any initial price information on the official SAGA website or CoinGecko.
The price movement seems natural and the number 0.0400 doesn’t mean somebody bought for that price. It’s just the algorithm working.
Apparently there’s nothing wrong with providing this kind of alarming information to users on Square, because my reports keep getting dismissed by the moderation team.
Why do we keep seeing these FUD posts?
How many people are making the wrong decisions because of the content these users post?
Do you even think it’s a bad thing? Do we need more protection from this??