🚨 The Brutal Truth About the Cryptocurrency Market – Is the Golden Age Over?
🚨As someone who has been in the Bitcoin space for 9 years, I have seen it all. And let me be frank – the current crypto market is a complete mess. I know this might offend some people, but it needs to be said. Too many friends lost everything in this round, maxing out their credit cards, sacrificing family happiness, and what do we have to show for it?🚩 Bitcoin hasn’t even outperformed Nvidia stocks.🚩 BNB hasn’t outperformed Coinbase.🚩 Ethereum is lagging behind BNB – it’s a chaotic mess! Where is the narrative? Where is the new blood? It feels like the crypto market has turned into a vicious cycle of cancer stocks, with no real innovation or new entrants to drive fresh growth. Instead, it’s become a game of scams, a constant battle for survival where VCs are throwing hundreds of millions into public chains that are bleeding the secondary market dry. The grandiose stories of crypto’s rise are now fading, and we’re left with rapid crashes and slow growth. Insiders don’t even trust this market anymore, and the outsiders? Forget it – they’re just waiting to be harvested. Is this really what we’re looking at? High FDVs, billions siphoned off, and no real spikes? I’m ashamed to say it, but the golden age of crypto seems a long way off. If you’re in, brace yourself. If you’re out, don’t expect an easy comeback. This market is a bloodbath – who’s going to survive?
The transhumanist movement, of which the extropians are an influential subgroup, imagines a future in which humans merge with machines, transcending biological limitations. Extropians advocate an unwavering faith in technology to enhance our physical and mental abilities, extend our lifespans, and even achieve immortality. Some projects, such as the artificial wombs currently in development, reflect their desire to transform society and the paradigms of human reproduction. Influential figures such as Bill Gates and Dmitri Itskov are investing in research aimed at extending life or transferring human consciousness to digital systems.
rule number 1 of trading: when you sell, the market goes up, explodes and goes to the moon. rule number 2 of trading: when you buy, the market takes a taxi to the south pole, and sinks into the earth to the lowest center.
Avalanche Launches New Visa Card to Facilitate Cryptocurrency Payment Services Smart contract platform Avalanche has unveiled a crypto-powered Visa card for crypto users. The card will come in both physical and virtual versions to allow cardholders to spend their cryptocurrencies online and offline when paying for goods and services. Avalanche is uniting traditional finance and decentralized finance (DeFi) with a new crypto-powered payment system. The smart contract platform has unveiled a crypto-enabled Visa card that will allow cardholders to spend their digital assets directly from their wallets without the need to convert the assets to fiat currency. The card will allow cardholders to make payments using digital assets such as Circle’s USDC stablecoin, WAVAX, and SAVAX in any location or jurisdiction that accepts Visa. FineTech Rain Liquidity to Offer Avalanche Card The Avalanche Card is Here. Crypto-friendly spending, wherever Visa is accepted. $SOL $AVAX #avax #AvalancheAVAX #visa
Potential Sell-Off? $16.7M in Seized PlusToken ETH Is on the Move
Around 7,000 ethers (ETH) valued at approximately $16.7 million have been moved from addresses associated with the infamous PlusToken Ponzi scheme, according to crypto researcher ErgoBTC. In early August, the remnants of ETH seized from the multibillion dollar PlusToken scheme awoke on-chain for the first time since 2021.
Over the last 24h about 7k ETH of the remaining 542k ETH ($1.3b) was sent to exchanges indicating intent to begin selling the remaining tokens. pic.twitter.com/tu2o7y4o4L— ∴F
Dogecoin: The History and Future of the Meme Cryptocurrency
Dogecoin (DOGE) was created in December 2013 by software engineers Billy Markus and Jackson Palmer. The cryptocurrency was originally conceived as a joke, with the popular Shiba Inu meme “Doge” as its logo. Despite its humorous origins, Dogecoin quickly gained popularity thanks to its enthusiastic community and playful spirit.
Why is Dogecoin unique?
1. Humorous origins: Unlike other cryptocurrencies that are aimed at serious financial goals, Dogecoin initially stood out for its light-hearted tone and community-oriented approach. 2. Low transaction fees: Dogecoin is often used for quick and inexpensive transactions, especially for online tipping on forums and social media. 3. Supportive Community: The Dogecoin community has participated in charitable causes and notable events, such as funding the Jamaican bobsled team to the Olympics and supporting humanitarian projects. 4. Support from influential figures: Dogecoin has gained notoriety thanks to figures like Elon Musk, who has frequently mentioned the cryptocurrency on Twitter, causing its value to rise.
The Future of Dogecoin
Although Dogecoin started as a meme, it has since evolved into a significant player in the cryptocurrency ecosystem. With growing adoption and popular support, Dogecoin could continue to play a role in digital transactions, but its volatility and speculative nature make it an unpredictable cryptocurrency.$DOGE #doge #doge⚡ #Dogecoinnews #Dogeprice
Binance Security: A Key Pillar in the Cryptocurrency World
As one of the world’s largest cryptocurrency exchanges, Binance places security at the heart of its operations. With millions of users across the globe, protecting digital assets and personal data is paramount to maintaining trust in this growing market.
Here are some of the security measures implemented by Binance:
1. Two-Factor Authentication (2FA): Binance offers 2FA activation via Google Authenticator or SMS, adding an extra layer of security when logging in and making transactions. 2. Advanced Withdrawal Address Management: Users can define safe address lists, blocking any withdrawals to unauthorized addresses. 3. Cold Fund Storage: A large portion of funds are stored in offline wallets (cold wallets), reducing the risk of unauthorized access by hackers. 4. SAFU (Secure Asset Fund for Users): This insurance fund was created to cover users’ losses in the event of a hack. A portion of trading fees is paid into this fund. 5. Proactive Monitoring: Binance uses advanced threat detection systems to monitor suspicious activity in real-time, enabling a rapid response in the event of an attack.
In addition to these measures, Binance collaborates with cybersecurity experts and conducts regular audits to strengthen its protection. However, it is still essential for users to adopt personal security practices, such as using strong passwords and enabling 2FA, to minimize risks. $BNB #BNB_Market_Update #binance
The U.S. Department of the Treasury recently announced significant advances in fraud detection and prevention through the use of artificial intelligence (AI). In fact, for fiscal year 2024, the Treasury successfully prevented and recovered more than $4 billion in fraudulent and improper payments, a significant increase from the $652.7 million recovered the previous year. #Fraud #FraudAlert #sec #Security
What does the future of bitcoin look like after 2140?
This is a difficult question. Since its inception, bitcoin has grown at a speed never seen before. There are a few scenarios we can look at.
The reward per solved block decreases, until this reward disappears in 2140. After this year, transaction costs (the fees collected by miners), become very important. This will become the reason why miners will add a block to the blockchain. This can lead to an increase in transaction costs.
This scenario is often outlined. But it is difficult to predict whether it will play out this way. Several new developments will soon arrive on the bitcoin network, for example it is possible that transactions outside the blockchain will be carried out via the electrical network. In this case, transaction costs are lower. Other developments can also prevent a future increase in transaction costs.$BTC
How many bitcoins are in circulation? The maximum number of bitcoins that will ever be mined is limited to 21 million units. The exact number in circulation, or that will be in circulation, can be variable by taking into account the bitcoins that are "lost forever", for example when someone loses their private keys containing their bitcoins, and can no longer obtain them. One may think that this number of 21 million is not appropriate, it could have been 100 million or some other random number. What matters in this measurement is that there is a real limit to the number of tokens and that it is known to all. No one can decide to produce more cryptocurrency. This kind of choice happens with fiat currencies like the euro or the dollar, and it seems that Satoshi Nakamoto was not in favor of this system. In the original block, he made a reference to a newspaper article, "the chancellor about to bail out the banks for a second time". $BTC #btc21m #btc70k
What does the future of bitcoin look like after 2140?
This is a difficult question. Since its inception, bitcoin has grown at a speed never seen before. There are a few scenarios we can look at.
The reward per solved block decreases, until this reward disappears in 2140. After this year, transaction costs (the fees collected by miners), become very important. This will become the reason why miners will add a block to the blockchain. This can lead to an increase in transaction costs.
This scenario is often outlined. But it is difficult to predict whether it will play out this way. Several new developments will soon arrive on the bitcoin network, for example it is possible that transactions outside the blockchain will be carried out via the electrical network. In this case, transaction costs are lower. Other developments can also prevent a future increase in transaction costs. $BTC #btc70k #BTC70K✈️ #btc2140
Satoshi Nakamoto designed a mining machine capable of transforming pure energy and complex calculations into digital gold. This technological behemoth, powered by algorithms and computing power, processes an infinite number of transactions while generating new Bitcoins. Each block mined is an achievement in a sea of global competition, where only the fastest and most efficient reap the rewards. It is not just a machine, but the beating heart of the financial revolution that has redefined the idea of money in the 21st century. #btc70k