Connect with us

Blog

Will Bitcoin ever crash to zero? Is the future secured with cryptocurrencies?

Published

on

Will Bitcoin ever crash to zero?

I have been doing a lot of research about Bitcoins, cryptocurrencies, and how to value this whole crazy thing. A lot of people are going in with just FOMO (fear of missing out), anyway, I am here to present my findings and unfortunately, the conclusion is that Bitcoin is probably going to zero.

Table of Contents

Introduction

There’s this huge story that a lot of people are ignoring right now; it is that the current biggest threat to bitcoin & cryptocurrencies is stable coins. Stable coins seem so boring that they don’t move very much at all, they are not very interesting to invest in, and their value doesn’t go up or down, they are just pegged at a specific price. The big corporations, the big government are all looking deeply into stable coins, why is that?

Data & Information

It’s all about data, follow the data because data is the new digital oil of our era, now china already knows what’s up, in fact, they’ve already taken steps to protect themselves in April of last year, they piloted their first national digital currency and while china is the furthest ahead with their pilot program, central banks representing one-fifth of the world’s population say they are likely to issue a digital currency very soon. These are known as central banks digital currencies or CBDC.

These are the greatest threats to Bitcoin. Now, when China banned all cryptocurrencies, it’s easy to shrug that off like okay that’s china being china censorship and over-controlling. If we really take a look at why they did this then we will understand that their motives.

In order to truly understand how central bank digital currencies work; it’s the idea that central bank can issue you a coin as a token and they can track the movement of this coin throughout the entire financial system of that country and they get full market data into how their economy is doing. Currently, all of this financial financial data which is highly valuable is scattered among a bunch of private banks physical cash, coins, hedge funds and a whole bunch of random financial institutions.

Related  Nairaloop Review - (Don't invest until you read this)

It is not all that easy to get full financial data about a country but once you are issuing a bunch of digital coins you can track all of this, so a good comparison is apple pay, everytime you make a transaction apple gets a little bit of information, some data about the financial state of the U.S economy, thy know what you are buying, which companies are doing well, which companies are doing poorly, which company to invest in and, which company to short because they can even forecast earnings before companies release earnings reports themselves. They know how well Intel, Nike, Starbucks, e.t.c. They know how well they are all doing.

Why data & information is a big threat to Bitcoin

Now when you compare this with blockchain & Bitcoin, everything is decentralized and anonymous, people don’t know what’s going on, there’s no data. Bitcoin wipes out all of this financial data, all governments and companies are going to want to get their hands on and this is just one of the many advantages that a central bank digital currency gets you.

Bitcoin's biggest threat

It also allows a country to issue economic sactions adversaries, prevent illicit, manage data privacy and data security.

Willing to know more about the future of Bitcoin and cryptocurrencies? Read our article on: why Bitcoin will go to zero – Harsh truths

Are stable coins part of the problem?

Taking some steps back; I began this research by wondering what exactly are stable coins in the first place because they seem much more efficient than Bitcoins, they have zero transaction fees; pretty much free, they are fast, they have no gas fees, they have instant processing times. Why don’t we use stable coins? They seem like the perfect currency.

From a practical standpoint, stable coins are the ideal currency, you cannot only use them as a store of wealth, but you can use them for daily transactions as well. The only problem is that they are not really coins at all in the first place.

Related  The Blockchain that's the best to consider and dig into now

There are three types of stable coins actually, some are on the blockchain which are called crypto collateral they are powered by say Ethereum (ERC-20) , you’ve got real world collateral stable coins where the stable coin’s value is stored in an actual bank and then no-collateral stable coins where they just print out the stable coins out of thin air like Tether.

I think part of the problem is all of these concepts are mixed together and people don’t know what stable coins really mean anymore for example; they are saying here that Tether is fiat collateralized, no it’s not, it’s just based on thin air, they are just priting this stuff and then they are saying that USD coin or gemini are stable coins and sometimes people get this mixed up with a crypto stable coin which is actually MakerDAO or Havven and the fact is a lot of these stable coins like say the gemini dollar are really centralized and just run by one company and behind the scene, this company is probably more of a financial data analytics where they just want to figure out what you’re doing with all of the finances and money and track that spending so when you get a gemini dollar which has zero fees it’s really your own financial data that you are giving them.

What is at stake?

When you consider what is at stake here, the future of money where every single transaction can be audited, tracked, analysed and there is full financial data transparency and control into how money is moving within a country’s economy then it becomes clear that there’s enormous power to whoever issued the original stable coin whether that be a co-operation or a country’s government and so that takes us back to Bitcoin.

That original vision of this single global currency that can just be used by all citizens of the world to transact and buy stuff like do you think I’m really going to be able to go buy something from a citizen over in china using bitcoin? Do you think I can be able to buy sometjing from switzerland? These countries have decided to regulate, china banned cryptocurrencies, switzerland banned facebook’s theme and do you think the original vision of this single currency to be used across everybody is really going to pan out or is the future more likely to one where every single country has decided to issue its own central bank digital currency?

A Chinese digital currency is the real threat

This takes us to national security and ransomeware also, you know digital hackings have been up 300 percent in the colonial pipeline incident, hackers were able to extract five million dollars of ransomeware bitcoins from a US corporation and this sort of attack really is enabled only through the ability to exchange bitcoins for real currencies. You can’t do this in china anymore because no bank is going to allo you to exchange your bitcoin for chinese yuan.

Related  Affiliate Marketing Tutorial - How I make $8,000 per month

As we see more ransomeware attack on the rise, we will see more countries banning cryptocurrencies and the countries that do not bank this cryptocurrency are going to be viewed as aiding terrorism.

Conclusion

Here is how I think things will actually play out: some countries will ban cryptocurrencies, some countries won’t, many countries will introduce its digital currency which will totally revolutionize money and be the future of money. Every country will have its own pretty much and then bitcoin with its high transaction fee and long consuming time and simply won’t compete against the likes of a stable and will not be able to fulfil its promise of a single unified currency.

Thanks for reading, do share with friends.

Notice: We put a lot of hard work and research before writing this article, if you must copy make sure you link back with a do-follow link.
You will be reported to DMCA and other relevant authorities if you copy this article and ignore to link back to the original source.

Shares
Continue Reading
2 Comments

2 Comments

  1. Willetta Gonsalez

    July 17, 2022 at 7:26 am

    Link exchange is nothing else except it is simply placing the other person’s weblog link on your page at proper place and other person will also do similar for you

  2. Marchelle Ahlheim

    July 19, 2022 at 10:33 am

    Hi i am kavin, its my first time to commenting anywhere, when i read this paragraph i thought i could also make comment due to this good piece of writing.

Leave a Reply

Your email address will not be published.

Blog

How to find NFTs before they blow up? – A Comprehensive guide

Published

on

How to find NFTs before they blow up

People are making tons of money flipping NFTs, it’s one of the hottest attracting people in the crypto space right now.

Opensea trading volume has absolutely exploded and some users are making insane amounts overnight by getting in projects early before they blow up and trading them on secondary markets, but how do you do this?

In this article, I’m going to show you step by step how you can find NFTs before they blow up and actually get an edge that most people don’t have.

Find NFT projects before other people

Table of Contents

Introduction

NFTs are absolutely blowing up and people are making tons of money off this trend right now but how exactly are they doing it and what can you do step by step to try to follow this? Well, the strategy is basically this: you find new NFTs projects before other people, and then get on them before they blow up.

Of course, not every NFT is going to blow up overnight some of them go to zero but part of it is finding the project and then filtering through them and spreading your bets accordingly and getting in on these projects early, and then the price appreciates on secondary markets and then be able to sell the NFTs on a secondary market like opensea.io.

If you don’t know how to create and sell an NFT, refer back to our article: Free guide on how to create NFT and sell them on opensea.

How to get NFT projects?

There are two different ways to do this; you can get in on NFTs whenever they mint, so one really common way is that whenever new products launch, they have a website where they have some smart contracts, and they let you get a metamask wallet and go mint NFTs right at the start or you know if you miss the mint then you can find entities that are trading; you know early on opensea or a similar NFT market place and buy them before the price goes up.

Related  7 ways to make money from home; online & offline

But how do you do that, like how do you even find new projects? Well, a lot of people actually do this the wrong way, they spend all day on Discord servers or they look at Twitter all day they try to find new stuff but there are a bunch of problems with this:

  1. It takes too much time, you have to look at all this stuff, there’s way too much noise in these Discord groups and on social media. This massive problem of influencers often times getting opportunities before other people and then talking about them so they’re getting in a way before you, and then if you are following social media you’re late.
  2. There’s also this problem of you not necessarily knowing what they are holding, they might just say they bought something but you don’t know if they actually did and sometimes they’ll just buy stuff and never tell you about it.

So anyway, all this is what most people do and frankly, it’s the wrong way, let me tell you the right way to do this and how you can get an edge in this entire process of getting into NFT projects early.

Step 1

One of the coolest things about NFTs is that they trade on a blockchain and all the information for blockchains is totally public, you can know about every NFT that is out there, you can know about every single wallet that trades NFTs anytime an NFT moves on an exchange like opensea.io.

But there’s also this massive problem which is; there are millions of transactions per day on the Ethereum blockchain alone, this is the primary chain where people are trading high-value NFTs and doing mints and even that’s like way too much noise but you can actually get an edge on this because you can take all this information and generate actionable insights in real-time about the wallets they are buying, holding and selling anytime new NFT drops are happening.

Related  Nairaloop Review - (Don't invest until you read this)

There’s an application that will alert you not only for NFTs but also for cryptocurrency tokens and anything you can find on blockchain. It’s a massive game-changer.

Let’s jump into it, let’s talk about how to get an edge on NFT projects early, one of the easiest ways to do this is to look at what other people are doing as a starting point for filtering through all the opportunities on chain.

 Opensea.io NFT projects

Like I was saying before, there are tons of NFT influencers out there who are buying new collections, they’re minting them and selling them on opensea. Let’s start up with the first thing like what if you could find about anytime one of these influencers mints an NFT or trades an NFT? Well, I think you get an alert about it that in real-time.

Step 2

You can create an alert inside the application that lets you put an arbitrary name and you can put the addresses of the people you want to track even multiple people and you can set minimum amount of dollar you want for that transfer and once you save the alert you’ll find out about this stuff in real-time. You’ll see a digest of all the transactions that they get and then you can click on any of the links on display and start looking into those projects to see if that’s something you want to take action on.

Whenever you get one of these alerts you can just look at it on chain, you can actually look at the transaction here and see what it was. You’ll see if it is basically minting of a new NFT.

Related  How to spot fake/scam crypto projects - Read this before investing in crypto

This one way you can discover new projects by tracking what other people are doing in real-time and get notified about them.

Link to the Track application: https://nft.onchained.com

Step 3

You can also look at projects that are trending like new projects that hit the chain, that starts saying a significant amount of activity and know about those as well, that’s another way to find NFT projects basically as soon as they launch.

I am going to show you the way to do that inside the application.

Track NFT transactions

As you can see in the image above, there are tons of transactions like millions of transactions. I will look at their website and see who else is getting in on this project that I wanted to do so right now based on this I can look at the other tools because we track significant actors in the space and see what are they doing and currently I don’t see that anybody from that segment is actually depositing, maybe this project would pass on for the time being.

I can also look at other trending projects and see that we have one where a significant number of people from our segments are interacting with it and I can see what token it is.

Conclusion

Most people are going about this the wrong way they’re spending all this time on Discord, they’re are spending all this time on Twitter and still can’t cut through the noise, that is why this article is very important.

Thank you for reading, kindly share with friends, thanks!

Notice: We put a lot of hard work and research before writing this article, if you must copy make sure you link back with a do-follow link.
You will be reported to DMCA and other relevant authorities if you copy this article and ignore to link back to the original source.

Shares
Continue Reading

Blog

Metafi Yielders.com Review – Don’t join until you read this!

Published

on

Metafi Yielders.com Review

Is Metafiyielders.com a scam or the best that will make you an absolute fortune, let’s jump in and find out.

You are wanting to know if Metafi Yielders is a safe safe place to put your money or not. Let me give you a little bit of background, for four years now I’ve been involved in investing with stock market with private companies, with cryptocurrencies and so on.

Introduction

I’m not coming here from an affiliate perspective with Metafi Yielders. I’m coming here independently to give you some solid information that you can evaluate for yourself whether Metafi Yielders is a safe place to put your money.

If you are in a rush, jump through to the Red flag section using the table of content because I started with the soft warning flags first of all through to the seventh which is be a no-brainer for you to realize that Metafi Yielders is actually ponzi scheme and therefore a fraudulent scheme and the most likely scenario is that you are going to lose your entire money that you put into Metafi yielders.

What is Metafi Yielders?

Metafi Yielders is a cryptocurrency lending platform that you want to use to make money. Simply put, you deposit your cryptocurrency on the platform, choose a plan, and the company pays you a daily return of 1% to 3.3% on your investment.

Metafi Yielders website

“Profits Without Risk on the Crypto you Invest, stake, or transfer”.

“Investment team and a simple and secure platform to give you the most reliable returns on your investment.”

How does metafi Yielders work?

Metafi Yielders claim to pay investors from 1% to 3.3% every 30 business days. I claims to make you money by investing, staking and transferring, you are required to choose a plan and get started.

Metafi Yielders contact

Metafi Yielders provided the following contact details:

Related  7 Top money-making small business Ideas to start today

Physical Office Address: 16 Jones Street, BLACKTOWN NSW 2148

Email: admin@metafiyielders.com

Facebook group: facebook.com/groups/metafiyielders

Discord group: discord.com/invite/9PsRuKaD8X

Telegram group: https://t.me/metafiyielders

Are these details true? Keep reading we will find out soonest.

Metafi Yielders Who.is Domain information

Metafi Yielders is registered on GoDaddy server, the domain was registered on the 16th of March, 2022 and it will expire on the 16th of March, 2027.

Metafi Yielders who.is details

The details of the domain registrar were hidden by DomainsByProxy.com.

Who is the owner of Metafi Yielders?

According to Metafi Yielders official youtube channel, the owner goes by the name Mr. Michael Daher. We will find out below.

7 Red flags of Metafi Yielders

Read this article carefully to educate yourself on how these scams work, I will run you through the seven warning signs (red flags) in Metafi Yielders that you should be aware of to keep your money safe.

Red flag 1

The first red flag we will look at is the video of the CEO below on an official Metafi Yielders Youtube video he stated at exactly 4:28 that Metafi Yielders has been working for 10 years.

Yet, their website metafiyielders.com was only registered on the 16th of March, 2022. This website is very new, either Michael is lying that they’ve not been doing it for 10 years or they decided that even with this incredible technology they wouldn’t bother registering a domain name until the 16th of March, 2022.

Red flag 2

Below is a youtube video where Mr. Michael is being interviewed and he explains that how many team members now have, again remember we’ve just seen that he said that they were going for 10 years and making potentially 3.3% per day on their yield farming, well if that is the case I guess you would expect to have quite a number of staff but let’s just see how many people they’ve got.

I’m shocked for real, did you just hear that? They are 7 people in the company including Mr. Michael.

Red flag 3

Look at where the actual hosting is located for the website, check the image below from hypestat.com.

Where is Metafi Yielders located

We asked where Metafi Yielders is located and it’s actually in Belize City, now this isn’t a massive red flag but it is still a warning sign because Belize is one of those areas of the world where it’s very difficult if regulators want to step in close down a website, tax elites also go there all sorts of problems so Belize is a warning sign.

Related  The Blockchain that's the best to consider and dig into now

Any company that is hosting in Belize, there are some pretty strong reasons to why they’ve chosen that location and usually those reasons would tend suggest that perharps they are operating illegally or outside the law and that’s why they want to remain difficult to close down when they host in a country like Belize.

Red flag 4

We’ve seen a lot of Videos from Mr. Michael The CEO or the self-proclaimed CEO and we’ve seen a long-term resident of Western Australia and yet they’ve chosen the company as 16 Jonesstreet blacktown, new southwales 2138.

That is the address on the official company website, if we do a simple google search on that website address we would see that this actually is a residential address not something you would expect. The image below is a bungalow Chalet type building not the sort of address you would expect for a legitimate corporate company that is going to be handling hundreds of millions of funds in cryptocurrency.

Metafi Yielders physical address

That address is nowhere near Perth Australia, it’s actually over in Sydney Australia and that gap between Perth and Sydney is huge and makes no logical sense whatsoever.

Red flag 5

Another red flag is that Metafi Yielders is already being promoted by people who are known to have promoted lots of scams in the past, you can make a search on youtube and see for yourself, look at these promoters past videos.

Red flag 6

Red flag number 6 is a major redflag, there are financial regulators around the world who are there to protect the consumers from scams, they’re not registered to be regulated with the SEC. We can tell from the traffic they’re receiving to their website. They’re are attracting huge American audience and anyone who is offering a financial investment scheme which would be securities in America, they are very strong.

Related  5 Effective ways to overcome business failure

The CEO Michael openly admited that they don’t have any regulations and they wouldn’t get it either even though it is clearly an investment scheme. We can all see clearly that this is a ponzi scheme and nothing more than that.

Red flag 7

This is a logical red flag, the interest which Metafi Yielders offer does not stack up at all, let’s go to a compound calculator and actually run through some numbers, numbers which are realistic according to Metafi Yielders. Check the image below.

Compound calculation for Metafi Yielders

You can do this yourself by visiting thecalculatorsite.com and I’ve said we are going to start with an initial balance of 3.50. Now, that’s actually less tha you can put in with Metafi Yielders but I’ve chosen this number just to demonstrate the ludicrousy of what is going on here. So, if you could start with just 3.50 dollars and you have a daily interest rate of 3.3% you could compound that for 36 months that’s just 3 years and remember Metaphy had said they’ve been going on for 10 years now.

The compund calculation for 3.50 initial investment for 36 months is $257,297,352,437.72. That’s insane. This is actually the networth for the richest man on earth.

Conclusion

Protect your money from scammers like these at all cost, find legitimate platforms and processes where you can make perfect chance of good returns of your money.

Average Trust score

  • FINANCIAL SECURITY: 1%
  • WEBSITE QUALITY: 30%
  • CUSTOMER SERVICE: 5%
  • SOCIAL STATUS: 1%

Average weighted score: 37%

CURRENT STATE: PARTIALLY PAYING

Is Metafi Yielders legit?

Metafi Yielders is not a legitimate platform, stay away from this poor scam, you have to be very careful with it.

Is Metafi Yielders a scam?

Due to the obvious Red flags, we’ve exposed in Metafi Yielders, we have no option but to conclude that it is a scam, do not invest in it.

Thank you for reading our honest review on Metafi Yielders, If you have any questions or comments, you can leave them below in the comment section.

Shares
Continue Reading

Blog

Top finance niches for Blogging & YouTube

Published

on

Top finance niches for Blogging & YouTube

Introduction

If you want to be a successful blogger this year or in the coming years, then the personal finance niche is one of the finest options. Most of us desire to blogging after hearing about it but we have a hard time deciding on the niche for our site.

Finance niche google search trend

We’ve all been told that starting a financial blog is a good idea because there is more money to be made in this field, but there’s a lot of competition in this industry.

The purpose of this post is to break down the finance niche into numerous evergreen financial sub-niches that will help you succeed by lowering the competition.

What is personal finance niche?

First of all, let’s discuss what is the personal finance niche, What is the finance niche? Niche means topic and the meaning of finance means is the area where you get knowledgeable content to solve each query related to the finance field, it can be textual or video content.

Related  Nairaloop Review - (Don't invest until you read this)

Check: Top Crypto Niches for Blogging & Youtube

Best finance niches to work on

Now, let’s know the best niches to work on, so here’s a list of 16+ personal finance niche ideas to get you started.

1. Financial planning

2. Personal finance for beginners niche

3. Budgeting

4. Reducing debt or getting out of debt

5. Savings as a student

6. Retirement

7. Creating a new stream of income

8. Money management

9. Banking advice

10. Startup Ideas

11. Financial tools and how to use them

12. Surviving bankruptcy

13. Working within a budget

14. Investing

15. Jobs

16. Trading

Conclusion

You may simply establish a blog based on these sub-niches and cover all the questions relevant to your chosen micro-niche to make money with a blog.

Thank you for reading this article, kindly share.

Shares
Continue Reading

Trending