Bits.ca – Bitcoin & Crypto Currency News & Resources

As we stare down the barrel of a burgeoning new bull market, we all have been asking ourselves the same question: how much higher can these market caps go? While we sit and pray that another 10x is on the way, the fact is there is already $2T in the global cryptocurrency market cap and, while a lot of that is propped up by tokens with bad liquidity-to-value ratios meaning that there is less actual money in the market than that implies, we still have to prop up value another $18T to reach that goal. With a 900% increase in global cryptocurrency adoption so far this year, meaning that a tick under 20% of people in the world own a cryptocurrency, that still leaves 80% of the world unintroduced in decentralized banking. This is a hefty percentage, but simply assuming the rest of the world buys cryptocurrency at the same rate would only imply a 5x gain. At this juncture, for us to add on the level of value needed for a 10x, we need more than just the rest of the global population catching up to crypto and adding it on at current levels of interest. We need big money, big governments, and passionate buy-in to really start the new frenzy. Yes, we know that there is seemingly endless wealth in the US and Chinese markets. From the birth of BTC, their activity has been both the shining beacon of progress and the death knell of regulation for decentralized currencies. But there is another continent brimming with 12x growth in adoption this past year as well as with $100B in cryptocurrency capital flowing in. One that desperately needs cryptocurrency unlike any other modernized region, and has seemingly gone all in to buy the dip and catch up with the rest of the global economy. That’s right, even Forbes knows, Africa is going to be an absolutely major player in the upcoming cryptocurrency pump, and those of you who pick this trend up will be the next group of adopters we look back on as clairvoyant. With grassroots adoption 33% higher than global average, P2P transactions the highest globally in terms of rate usage, Africa has set the stage to be early to the burgeoning reality of future finance. Why is this the case? Because local currencies are volatile, banking institutions hold less power, and Africa has long faced a crisis of the unbanked. Innovation isn’t just a desire, it’s a necessity out there, which is why you should expect human ingenuity under dire circumstances to create the conditions necessary for this massive pump in African cryptocurrency usage to continue. With this, I’d look for major assets that are investing into this new wave as well as newer assets with good backing entering the space. ADA has lagged behind in recent months, but their strategy of investing into Africa already paid major dividends earlier in the year and I imagine they will continue to expand those operations when they’re finished dealing with their developmental issues. Afrostar is a new cryptocurrency launching tomorrow, led by CEO Darren Winters who has serious investment backing already raising $500,000 for marketing and development! Leading a cadre of big money players and a six-digit following, the Afrostar team is looking to create financial infrastructure to support the 1.2B population of Africa. If Afrostar represents the first step in bringing an exchange built for Africans, who circumstantially rely heavily on P2P transactions, watch out. That could be a major catalyst for the evolving cryptocurrency market in the continent, which would be a major slice of this cake to Winters and his investors. If this all seems to be too far fetched for you, I can understand that. Previous biases are what’s preventing most people from buying into this movement. But understand that when most people are zigging, it’s a good time to zag. Being early here could be the next big win that no one is talking about. It’s only up to you whether that juice is worth the squeeze. submitted by /u/fenring42 [link] [comments]

Nobody here truly has any idea what they're talking about. Even I, like many others, was completely trashing DOGE on this sub when it was $.02, and I watched as it went up to $.70. You can have the best tokenomics in the universe but it doesn't mean shit if people aren't hyped on it and buying it. Are you really buying crypto for the underlying tech or are you buying it with the hope that the value rises and one day you can sell it to someone else at a much higher price? Hype is invaluable. A coin like Solana has amazing technology behind it but you wouldnt buy it if it went down 98% every year since inception, even if it had the exact same technology. The smart people are here for the money, if we were here for the tech we would be DCA'ing into things like IPhones and not Crypto. submitted by /u/Ragefan66 [link] [comments]

So you may have seen the post that is still currently on the frontpage of this sub where a user raises questions regarding CoinBureau's and Guy's legitimacy. Multiple users tagged Guy, and he replied a few hours ago but I thought posting it would bring more awareness to his reasoning given that is answer was buried in the replies. Here it is. Link to Guy's response. Thanks for the tag. I don't know why this is a controversy, given that I answered most of it in a previous AMA here: https://www.reddit.com/r/CryptoCurrency/comments/p2ytn0/guy_from_coin_bureau_here_ama/ I thought it was obvious that we were a team. You merely need to take a look through my instagram to see all the other people behind the scenes. We work hard every day and night to provide the most honest and trustworthy crypto education we can. With regards to the founding of the Coin Bureau and its history, I answered it here: https://www.reddit.com/r/CryptoCurrency/comments/p2ytn0/comment/h8nw6zj/ Yes, my friends started the Bureau and I decided to join them on the journey to grow the YouTube channel. When it comes to the accusations of trying to "manipulate your opinion" or "shill to the highest bidder", I won't really dignify that with a response. Perhaps OP didn't see my Tweet from last week: https://twitter.com/coinbureau/status/1451576240679395343?s=20 It's literally pinned to my profile. As to how we make money, I also covered that in the AMA: https://www.reddit.com/r/CryptoCurrency/comments/p2ytn0/comment/h8o25wm/ I have never run a single ad on YouTube. Here is a snapshot of our lifetime adsense account: https://prnt.sc/1xa8atn We don't do sponsored reviews and have a company policy against promoting any sort of leveraged trading. Every single product or service we talk about has to benefit our users first. And if my viewers don't want it, I'm totally cool with that. Maybe they want to help out by buying a merch item, maybe they don’t. It’s entirely up to them and as long as they get something from the content we put out, I’m happy. At the end of the day, we are here trying to give people the highest quality crypto content they can get. All that is free and I don’t place anything behind a paywall. There are other great YouTubers who do the same of course, who I have covered here: https://www.youtube.com/watch?v=LoWOO3GtUBY But I can't focus too much on what others are doing because my efforts are better spent keeping the channel going and doing what I love. I think that the success and growth of it is testament to the quality of that content, and the impartial way in which we approach it. Now, with respect to OP. I gather that he/she is an Algo fan. About 2 weeks ago, I made a video on Algorand vs. Solana. There were two inaccuracies in the video. That was mainly as a result of timing on the release of Algorand's announcement of the ending of accelerated vesting. It happened the day when the video was scheduled and we didn't pick it up. However, after realising the error, I immediately started work on a new video that looked at the Algorand ecosystem and explained in the beginning that I was mistaken. I am happy to admit to mistakes when I make them - I’m only human, after all. submitted by /u/CaptainCaptainBain [link] [comments]

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I've been at this bitcoin thang for a while now and outlasted ridiculous amounts of over the top FUD and or uninformed stupidity over the years. However the reality, as proven over and over, is the bitcoin value and adaptation can not be stopped. The lightning network and taproot utility is going to eat up tons of Alt coins in the next 4 years, especially as more countries adopt bitcoin as a currency. My truest advice for noobs who just got here is NOBODY has ever lost money buying bitcoin. Regardless of any dips it has always went back to a new high, every time, over and over. IGNORE THE NEGATIVE FUD NOISE BUY THE DIPS NEVER PANIC SELL ACCUMLATE AND HODL submitted by /u/nikil1253 [link] [comments]

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You guys would have already seen the rising post regarding the statements on Moons, that was just a small context here's the wider version of that PDF Green Days Freaking Highlight that M word, Reddit never ever said that in any previous statements. the MD's are being thanked for their efforts. And huge use cases for moons coming in!!!!!!! ​ https://preview.redd.it/ncvxyujxplv71.png?width=741&format=png&auto=webp&s=32dd3f4311c044449814e3a1c4382272293f8105 Community Points can be transferred to any redditor who has created a Vault or to any other Ethereum blockchain address for safe-keeping. Until last time Reddit purposely rejected the idea of moving the moons outside of the vault, this completely And now for the fukcin big one ​ https://preview.redd.it/64bxogx1qlv71.png?width=731&format=png&auto=webp&s=6c70b0c0862bf2adfb34fa65506e4e9960fe912b This one was all that sums up. This is particularly huge for moons, in the long run lot of usecases are coming in for moons i smell Mainnet Coming soon and also thank that OP for bringing this out in public!!! submitted by /u/ohyouwillseemeoften [link] [comments]

Sure, I DCA and hodl stake in the big boiz, have been for a little bit. But sometimes, these 300%+ gains in a day shake me up... My portfolio is green but some people are mooning. (😎) ... how do you guys reassure yourselves that you’re making the right move? Yoloing into shitcoins seems a LOT more lucrative than (my plan;) hodl’ing the usual suspects. I’m not looking for hints or tips or fucking TELEGRAMS and DISCORDS... no, I’m looking for the opinions of those who are facing FOMO / FOLO ... Am I always going to be like, “Crap! I could’ve spared a couple hundred to ape into this shitcoin...” ??? Find out on later today’s edition of “I got bopped by the market.” 💚 submitted by /u/Tredur [link] [comments]