El Salvador has stripped bitcoin of its legal tender status less than four years after being the first country to adopt it, driven by President Nayib Bukele. This change is part of the reform of the Bitcoin Law, approved this Wednesday (29/1) by the Legislative Assembly, controlled by the government. With the modification of six articles and the repeal of three of the pioneering legislation sanctioned in September 2021, the crypto asset ceases to be an official currency. Its use is now restricted to transactions between citizens and private companies, and its acceptance is no longer mandatory, becoming optional. #Biticoin
I just sold my coins #trump at a loss, get out if they're not going to reset!!! Now it's just a waste, whoever won won, I hate that it only appears on this platform when it's expensive! I've already jumped off this titanic losing 500 USDT, save yourself if you can!!
I bought this KSM, it just melts, can any expert tell me what I should do? Sell it and invest in another one? Investing 1,211 dollars in it is 986 now, can it go up? #Kusama
Bitcoin (BTC) faces a bleak outlook that has even the most bullish crypto enthusiasts worried. While markets have been rallying recently, with Bitcoin trading near $$ 100,000, dark clouds are beginning to gather. Analysts are warning of potential losses of up to 90%, and the market should brace for the inevitable storms.
Tesla (NASDAQ:TSLA) and SpaceX CEO Elon Musk has made a worrying prediction that cryptocurrencies could be pressured by tighter monetary policy in the US. The statement has sparked intense speculation in the crypto community about how far prices could fall in a healthier economic environment. Musk has stressed that government finance management will be the determining factor for the future of the cryptocurrency market.
Senior trader Peter Brandt has issued a stark warning that no crypto investor should ignore. Despite holding Bitcoin and Solana in his portfolio, Brandt believes that the days of exponential growth for Bitcoin and other digital assets are over. He predicts a significant correction, with a possible 50% drop for Bitcoin and devastating losses for altcoins and meme coins, which could lose value by up to 90% or 100%. His vision paints a worrying picture for the future of digital assets. Meme coins, known for their volatility and speculative nature, are at the greatest risk. Brandt warns that investors seeking quick returns with assets such as Dogecoin and Shiba Inu should be aware that the instability of these tokens could become their greatest enemy. In times of declining confidence in speculative assets, meme coins could suffer the greatest losses, even reaching complete devaluation. Regulation will be crucial to contain the chaos, but the more cryptocurrency-friendly policies advocated by Republicans could hinder the stabilization process. #Bitcoin❗ #solana #DOGER #MercadoCripto
I'm new to crypto, but I've already lost so much money in investments, one day I get it right, invest 11 thousand what I had, I see it falling, you know what I think? Fuck it, life is one! We don't even know what the purpose of life is, we're all going to die, right? So I really take a risk, it could go down to cents but I'll wait! One day my game will change! Because today I'm the laughing stock of the family, the black sheep, which only gets bad, I was studying about biticoin, my brother came by and spoke to my mother, he's going to do shit again, this biticoin thing is a scam, this Guy does everything wrong, he'll never grow up, my worried mother came to give me advice, boy I feel like my game is yet to change. I will post my investments here in the comments.