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@OP, since you have legendary status, can you at least post some visuals in your ANN thread? Too many words sometimes will not attract some users here. At first glance, you should attract their attention. Graphical content may help. Also, you forgot to include the website link. They can always read more on your website so you don't have to post all those texts.
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It was a bad day in terms of the high manipulation, yeah. But it was also a good opportunity to buy for investors. Because we saw the price going down to even $30k. But the market shouldn't be manipulated this easy, though. It's not always good for investors as not all the people are HODLers.
There are two sides of the coin here. Some will take this as a good opportunity to buy their bitcoin, particularly those who were wishing that they had bought when bitcoin was low. But for some, who bought bitcoin above 50k level, some of them are in panic mode especially those that invested their life's savings or those who borrowed money to invest in crypto. So from what we learned in this market, it is always better to invest what you can afford to lose. As the market is very difficult to predict, you have no way of knowing when can you recover your initial investments or when you can get your target profits. |
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I strongly believe Doge will be a sustainable incremental coin, with the help of Tesla. And I believe in the management of Elon Musk, the number 1 billionaire in the world. Do you guys agree with me that Doge is the world's largest community-owned coin. And the US and EU communities are very fond of Doge
Definitely you don't have any information. Why do you believe Dogecoin has the world's largest community without you having no idea about cryptocurrency? You are just another portion of Elon musk. You are a newbie, my advice is just one, don't jump on any hype news. Still, Dogecoin is good for trade, holding will be an extremely bad idea. Holding long-term for this old alt is very risky. Because as it sits right now, the price increase depends on Elon Musk's tweet. Though he signified an interest about improving the system transaction efficiency for doge, what if one day, he decided not to take part anymore as he has seen another promising alt with better technology. The risk is always here but with doge, it is different as it is supported by a rich man and we don't know if his support will be long-term. |
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It’s scary to even imagine how many broken lives in one day
That’s the risk of futures trade and I’m confident that those who are doing this knows about the risk of losing money instantly, its very unfortunate to those who didn’t monitor the market and got liquidated when they wake up. This is why I always trade on spot only so I can lessen the risk and I control my every decision, trading is very risky already those who want to earn more must be ready for every possibility especially on losing money. Spot trading is really helpful especially if you want to control what's going on with your funds, but you need your time on this. I hope those who lost in this trading will learn their lessons and be more prepared next time around. No one can help you in this market but yourself. High profit, high risk. We know that future market can give people boost in their profit. But they should understand risk behind it is big as it's possibility amount of profit. If me, i keep stay in spot trading because honestly i am not ready yet to lose all my assets. Although can set stop loss, i think me still not good at future trading and choose to buy then hold my coins.
At least when the market was green future traders who trade with leverage always smile after earning large profits so I don't see any reason for complain now that market is red I expected them to have taken risk into consideration in their trading, it was very unfortunate that a whopping $9 billion dollars was liquidated, to cut my losses I always exchange my Bitcoin to a stable coin to avoid this massive dumping of the price, indeed a trying time for cryptocurrencies investors. This is actually where stablecoin is useful. But you need to be careful also which stable coin you will buy. Better choose the known and popular ones. |
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It is always good to learn about price action before investing in cryptocurrency. Learning will guide your judgement in the market and prevent you from making decisions with instincts alone.
I see a lot of people complain about the recent dip in the market and I am surprised. Because if you know about price action, you would see that the signs were obviously there before it all went crashing down. On the daily time frame, Bitcoin broke structure and retested several times before heading down. The market warned you, but you didn't see it.
Well said. Those people you saw are the people who just recently involved in crypto space and after gaining some profits with the scattered sh*tcoin in the market, they think that they can do it with other coins and feel that they are really into the trading and know it all. They will realize that going into crypto market is not an easy peasy task. There's more than meets the eyes here. If newcomers thought that this is the market where they can get-rich-quick, then, they are wrong. It depends on where your funds are going to. And most of the time, those who got large profits from the hype are just lucky. Not many people can get their profits that easy. Even long timers here have hard time selecting good projects that will give them good profits. |
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It feels really bad going through my portfolio on blockfolio to see massive downward movement in the value of my holdings. I really don't know if this is the usual market correction we have periodically or the end of the bull run. Is it wise to keep holding or take what's left?
Market corrections doesn't have specific range to call it as "usual". Corrections are inevitable and that's a nature of a highly volatile market. Whether it's a short correction or sharp correction that's still called a correction, a sudden declination of price after the bullrun. Now the question is, is it wiser to take what's left even If it means you're not profiting just to avoid further loss? Of course not. As long as you're not holding the shitiest coin, I guess you're fine to hold it and wait till it pumps back again. Market cycle goes up and down. Not all the time the price is on top. Also, if he doesn't have urgent needs for his cash, better hold it. As you said, as long as the coins are not considered to be the crap ones, there's a chance that it will go up again. But if it is a crap coin, high likely that it will be totally abandoned by the 'dev' team. So if you are holding like eth, bnb, just for example, I guess there's no need to worry. This correction is needed for a healthy market. And it doesn't mean the downward movement is forever, so sooner or later, we will see the upward movement again. |
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having a conversation with a friend today , he was asking me if he should sell or hold a coin. i didnt give a straight answer, i just told him the project is a good one that can do well but if you are willing to wait then you can hold but if you need some money then you can sell off. he then replied that he will wait for an additional 25% increase before he would sell off. i think i tried my best to let him make his final decision himself. is there any better way to do this? if it were you, how would you respond to this. ??
I think the decision must be made in accordance with the altcoins he has. because there is a potential altcoin and there is shitcoin. so before making a decision, you must identify and research about the altcoins you have. after you get the answer from the research it is time for you to make a decision, whether to sell it immediately or have to hold it longer. And he should leave the final decision to his friend. Because if he will suggest and later on, it goes sideways, he may be blamed. Even if we say he is a friend, we don't know what people can do when there is money involved. So better stay away from this kind of suggestion but he can always tell to his friend to do his own research and assessment of the project. |
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It is very obvious that Elon has indeed played the market to his heart's content, creating hype that can affect many people. It is as if he is the master of doge, but it is undeniable that every time he makes a sensation with his tweet about doge, the effect is enormous, and this will be very detrimental to people who decide to hold a doge without careful analysis and tend to follow the hype. that elon designed.
This is why people should be smart about it. Don't expect that Elon will support doge forever. If he is not happy to this coin anymore, he can easily drop it and cash out. Who knows, right? So if you want a better option, you can always opt to btc or any other solid project like maybe ETH. Now, Elon is saying something about increasing the efficiency of doge in a wrong perspective. I hope he will stop saying something towards crypto that will show his ignorance about this market. |
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What is the best way to see historic Bitcoin trading voumes (by value) by Country?
As privacy is the most important thing for most bitcoiners, even if you manage to see trading volume by country wise, I will doubt about the credibility of such data. If you refer centralized exchanges and their location then you may get chances to get historic trading volume still most exchanges are accepting people from around the globe hence accuracy will be again a big question. Only these days binance kind of exchanges are offering same services country specifically but in old days we had bittrex/cryptsy/yobit etc but they offer same services to all country people. Due to later regulation on crypto related services, enforced binance kind of service providers to go country specific. If you manage that kind of exchanges to provide you historic volume then you may get what you asked for. Even if he does his homework, he will still get just the rough estimate. This kind of stats is hard to get in accurate figures. However, in 2020, based from statista website, you can get approximate btc trading volume, in millions of $s. It is clear that US is the leading country, in terms of bitcoin trading, followed by Russia and Nigeria (not expecting this though). https://www.statista.com/statistics/1195753/bitcoin-trading-selected-countries/ |
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but I am confused why Elon interested in Dogecoin?
This is a personal question which only Elon Musk is the only person that can provide an honest answer it but it started when Dogecoin is having problem. Elon said he's working with dogecoin developers to improve the project efficiency of transactions and he later claim to be coin new CEO. I guess he invested some fortune when the developer improve the coin We can't point out why but for a common understanding it possible because he easily manipulates Dogecoin compared to others or he might be a part of this project a long time ago. But the question is if the people have an interest in Doge? Those who follow and trust Elon might say that they are also investing in Doge but I could say to them that they need to be cautious and need to understand what project they are with. And I would also say that don't put all their money on Doge, coz I'm afraid if Elon is just playing and fooled them. I have the feeling that maybe at first, he was only playing with his tweets towards doge. But later on, he seriously invested on it especially when bitcoin market reached new ATHs. Because previously, he didn't even own bitcoin, just the one that his friend that was sent to him. But when he saw that crypto market is gaining interest especially last year, he started to become serious in looking at crypto market. And now, it seems he is seriously working with doge team. Doge is an old alt, so maybe he wants to prove also that even if this is just a meme coin, it can be develop into something great if he will get onboard on this project. |
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Sometimes "Panic" give you a sudden losses and it will also lose your strategy. So, much better to hold your emotion and be patient. Dump and pump is always present in cryptocurrency. As long as you invest or trade a good coin in a good project then, there's nothing to worry about if it suddenly fall because it will bounce back again.
For sure, when the market is red like this, a lot are already panicking, especially those who have short-term plans for their funds. As we have seen this situation a lot already, what we can do is be patient, don't lose hope that this will be the end of your investments. Bitcoin had been in a much worst situation than now, we are still in the 45k level, and there are so many big players in this market. So going down is not forever, we will bounce back again. |
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I'm not sure how many of you realize it. Would you risk your money trusting this dude? He already did it with BTC: I love you then I hate you.
There’s a possibility that he’ll dump DOGE later on so the risk is always here if you follow his tweets and too focus on that, you might miss taking profit if you think Elon will play long term. DOGE is always be a hype coin making its more volatile, the pump and dump tweets can happen soon, I don’t trust Elon that much anymore. Though he showed interest in improving the system transaction efficiency of doge, yet, we don't know if he can go along with doge devs or if they can indeed push thru this endeavor. He can easily change his mind and we are blind to what his next steps are. So if you want to have a peace of mind, maybe, divert your funds to btc or eth, which I believe, is less risky than doge. It is hard to sleep at night if you know your funds may go down the drain by just one single tweet. |
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Yeah, its not Elon Musk only. Various factors caused the price to fall. Starting from US regulators probably going to be more strict, with some countries imposing restrictions, the price was bound to crash. But, Musk did play a greater role over here. As soon as he tweeted about how "bad" bitcoin is to the environment, the price started to tank. When he said Tesla won't accept bitcoin, people started to panic thinking that eventually the whole world will stop using bitcoin based on how "bad" it is to the environment. And remember, there were many people that entered the market just because Tesla invested in bitcoin. Those people left as soon as teslas announced that they won't accept BTC. So yeah, Musks tweet did have a high impact on the current crash. Look at how Doge went up again as soon as he said he will be working with the doge dev team.
Although many factors caused the price of Bitcoin to fall, Elon Musk and Tesla were the triggers for the decline in Bitcoin prices. As we know how Elon Musk was able to make the meme coin price skyrocket and enter into the top 10 cryptos, then after Tesla decided to invest in Bitcoin, the price of Bitcoin also rose dramatically. So it's no wonder if Elon Musk and Tesla were able to make crypto prices go up, they could also dump crypto prices like now. Indeed, the declaration of Elon about the suspension of acceptance of bitcoin in Tesla somehow, influenced the market. But maybe, it is the time for correction again. With this drop in price, this will be another opportunity for those who are waiting for bitcoin to go down to buy their stash. And with the news that Binance is under investigation, we still don't know the full extent of this news. I am a user of binance and so far, everything is still fine. Maybe for those large whales, they will be strict in their KYC requirements. |
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As of the moment, the main usage of Bitcoin for me is duly for investment purposes due to the reason that there is no direct payment method available here for my purchases that accepts Bitcoin here in my place so I do really need to convert and make it into fiat before I can be able to somehow make use of my earnings that I have from Bitcoin. I also do consider making use of investment with Bitcoin rather than spending it because of its potential when it comes to price improvement so it will make big sense doing investment since there is no availability of where I can use it for purchasing goods and services.
I used mainly my crypto holdings for re-investment purposes like in Binance Earn or staking coins. But sometimes, I convert it my local fiat for personal expenses. And very few times, I used it directly to pay my monthly bills like water and electricity if I ran out of cash, as we have local mobile wallet that accepts crypto as direct payment for these bills. Of course, the exchange rate depends on their platform rate, and usually it is lower than the global market rate. So as much as possible, I don't want to pay crypto for these bills. So I can very well agree, if most crypto users don't want to spend their crypto, bitcoin in particular, as the probability of gaining profit is really high. |
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So you already burned the 58% of the 100 quadrillion supply? The content of your website is still missing some details like maybe, how to earn or is there farming also? And about the roadmap, do you have target timeline as well? Do you have current bounty programs also? Because this huge supply, I am assuming you should be allotting some to your marketing programs. |
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I'm not worried about that, because I know the price will rise again soon.
As long as we are in the uptrend or bullrun, the price can increase again soon after the correction. But if the bearish season begins, we must be more careful. The price probably decreases more and more, the chance to increase may be in the next bullish season. So, the fast recovery of crypto coin price may not happen every time. The btc market today is quite different than in previous years. There are so many big players that are already in this market. So even if we experience decline, I strongly believe that it will go up again. However, if you are betting your life savings in this market, you need to plan carefully in order not to incur losses. Assess whether you need to cash out early or not. Because cashing out when the price is down is not a very smart move. This is why some holders are worried because if they need to cash out and the price is low, they are at loss. So if you don't have urgent needs for cash, better keep it and just cash out when the market starts to go up again. |
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I don't think he'll do it. First, the SEC will not allow, let's remember Mark Zuckerberg and Pavel Durov. Secondly, he will ruin his image. If the token is without technology, it will be a long-term failure.
SEC will be the biggest stumbling block if he chooses to launch his coin, on his token he has the money he can hire developers who can develop a technology that will turn up to be a better alternative than those coins in the top 10, but promoting an existing token is much easier than promoting a new coin tot he community, it must have usage and a good platform. Maybe this is the reason why he is just collaborating with doge dev team. Of course, hiring developers and all is easy peasy from his end. But when it comes to SEC and other regulatory bodies, that will be the bottleneck. And since he is already promoting doge, it seems he decided to strengthen his ties with doge by collaborating with them in order to improve system transactions as per tweet. Doge is an old alt, even if it started as just meme coin, it evolved into something useful for crypto users. However, the transaction fee these days are getting expensive because of the current price of doge. Hopefully, Elon and doge team will indeed improve their transaction efficiency. |
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Hbar is in accumulation since it had been ranging between $0.25 and $0.4 and a bit higher. $0.41 is a barrier and must be broken for further appreciation of price. $1 will take time but a 2x can take place if markets rebound.
Their project was also given as a signal by bcw whom many traders follow, and its owner D man said that this coin has potential to get into top 25-30 coins marketcapwise. But their team is like Elon Musk because when they start taking profits, make the coin drop severely. So set your target below 2x the present price.
The target price of $1 can be achieve but I don't see it in the next coming months. Aim for 50 cents first, however, you need to see some progress on their platform or additional list of organizations/companies that are using their network. Their features are great but if this will be used extensively in the market, they can easily reach $1. I think hbar already reached 1$ or close to it a year ago maybe im wrong. But the coin has an amazing team and a great project and future
So 1$ should be a lock in the next year . It might even go even more after some time
Their ATH of about $0.44 was only achieved last March 2021. So they haven't touched the $1 yet. But there's high probability that they can. The platform itself is a very solid one. |
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The main reasons for unsatisfactory trades is being impatience and the fear of missing out. I've come across both of them, I often found myself being impatient and selling too quickly, which lead into losing a decent profit in the long run, while I've also sold when the market was facing a crash. Sometimes, we're also affected by what others are doing, if for instance the forum is going nuts about Ethereum's crash (just an example), we'll be tempted to also sell because that's what everyone is doing.
I guess, most of us are guilty of those actions at one point in our trading life. And even if we have had experience the same, it doesn't mean, we will not make the same mistakes again, especially if we need the money. This is when we usually make poor decisions, because we are in a rush to sell our coins. But if you are not in a hurry, you can strategize how to at least minimize losses. If you know you are holding a valuable coin and it dropped in the market, don't sell. Because if it has solid grounds, it will go up again. This is when most holders are vulnerable to make wrong decisions. For the fear that it will not go up and continue to decline, they will sell at a loss. |
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It looks like that Binance Smart Chain had catered lots of attention and popularity. Many project is shifting to its chain because of the cheaper transaction fee with the almost the same function. Even though I cannot consider Binance Smart Chain as the new Ethereum, I can see it to compete toe to toe with ETH in the future.
BSC is a good competitor of ETH. But it is too early to say that it is the "New ETH". Developers as well as traders are going to BSC network because of the economical fees that it is offering. However, once ETH resolved their gas efficiency problem, some will go back to eth network. However, we can't deny the fact that there is advantage of BSC network these days. To avoid paying ridiculous fees, they offer cheap fees for traders. But some are sticking to ETH because of its decentralized nature. This coming July, once ETH implements their EIP 1559, we will see if there will be improvement in their gas efficiency, and let's see what will be the reaction of the crypto community. |
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