Dont forget that many exchanges ask for a hefty fees as well as a big stash for the announcement and marketing stunt like airdrop to all of the members. It will be a really hard thing to do for new coins which barely got some investments to even create the project. Another important thing is that bounty hunters dump everything most of the time which is another reason why teams are not preferring to go into market.
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Have you guys checked the match between India vs Japan in U19 worldcup..? Japan might be a small non experienced team but all out for 41, they took wickets early and continued to take wickets, they gave away 19 runs in extras. Dont know what to say about bowlers. I think we might see another world cup from Indians this year.
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I have the opposite thought of this, I wanted to sell my bitcoins at that point but couldnt. When the price started falling, I didnt because I had a feeling that the price will be back up again. Invested in alts and they too started falling more and more. Its really hard to be patiently waiting and looking at charts which fall on every fluctuation. We may see a good alt season near to the halving.
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I totally agree with your thought but have you tried trading when the fluctuation is high..? Its really hard to buy or sell at your specified mark on a decentralized exchange. Centralized exchange gets you good volume as well as lots of other features like recently Binance started giving staking rewards. I have suggested people to use decentralized exchanges but only 10% of them still prefer.
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Most of the newbies fall for this as they try to make their money doubled or tripled in a day or two. Greed will take them over and they believe in such scammers soon. There are allot of scamming traders on telegram groups also who give you unbelievable trades but ask you to send first. I dont think anyone who has the knowledge in crypto will fall for this.
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I have thought about this lots of times in the past and all the times I have felt sadness or pity on the people who lost them either for technical error or physical issues. I had heard about a guy who had mined bitcoins in the early days but recycled his computer and never bothered to back up his wallet. I still remember vividly, he was crying for months for his lost bitcoins. I feel there should be a solution for this but then the solution might be used to hack other wallets so best way is to keep yourself secure.
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BTC dominance is getting lower day by day and BTC accumulation is increasing, everyone hoping to see an altseason soon. Even most of the top alts are getting good volumes and may rise with Bitcoin going sideways. The market is still bullish and BTC is having a strong support at 8800$ mark. Last time we had seen a great rally by alts with Bitcoin leading the way. I dont think it will be like that this time but people will buy only those projects which may have some significance.
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Totally agree on your thought but people doesnt recognize the steady upward trend, they want a pump like 300-500% growth in a week or a month. People do believe that these type of growth will be there in all of cryptocurrencies which is highly impossible. There are many altcoin concepts which is sustainable and have growth in the long term when the project is implemented so holders should think of all the angles before selling everything.
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By your explanation it seems like you have earned it the hard way, I would suggest you to hold on to it. If it is in some alt then buy BTC with it and keep it in a wallet. Nothing is less if you have it in BTC and hold it for a long term. Try to earn more and more and take payments in crypto and dont sell them unless you want it. Also 50$ is too less for investment as you need to do allot of work in order to make profit with it.
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When the ICO tide was high, people invested into everything and anything. Didnt even see the team credentials or sustainability of idea or even the authenticity of the whitepaper/roadmap. They were all taken into the greed and put money in order to make a fortune. The market is allot clear now and people have started thinking before investing even 1$ now.
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I dont think it will ever change. Community members have been telling everyone to use crypto rather than hoarding it for years and years. There are allot of adoption which taken place in the past but they had to stop it because there was no one or only 1 or 2 users paying with it. We need to educate the people about this and encourage to pay with crypto.
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Have done this in the past with many restaurants of my city but they were hesitant to accept because of the fluctuations. Only one or two shop managers thought about implementing Litecoin because of the fees but when they couldnt understand the market and couldnt hold for a day or week when the price went down, they stopped accepting it. For a month we enjoyed paying LTC.
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Frankly I dont believe in IEO coins as there are allot of pumps and dumps, which makes me think the risk is too high with it. I had bought when it was low and holding just to see a good pump. Another plus point is that Binance is giving staking rewards from exchange wallet. If it reaches back above 100 sat price then am going to sell half of my holdings.
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So i heard that the number of Bitcoin transaction increased double recently.
which means i can expect price increasing near future right?
Btw, i recently got airdrop token, which is exchange token, BPX?
Do you guys think that this kind of token may have a good value or nothing?
Where did you get the information from.? Or is it just a proxy post to advertise your BPX airdrop.? The number of transactions have not increased and its still decreasing in the long run. But before there used to be allot of dummy transactions which eventually stopped, which is good for the network. We may see more transactions if there is widespread adoption of btc and crypto.
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I think most of the community knew that this was a trap and only the supporters tried to pump the coin. I guess many traders have took the chance to make a profit in it and might have sold already. BSV is not a reliable alt and there is no real purpose to it. Its just a pump/dump coin so better to stay away from it.
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I think most of the news sources these days are biased and most of them are either funded by politicians or run the government propaganda to make a news positive to them. There are only few journalists who convey the truth in a good format so I try to find a reliable source everytime and read it completely.
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6.2% is a great percentage if you compare it with other countries like India. I dont think there is even 1% of the population is into crypto. Its hard to educate people the advantages of crypto and what it will do to the society in the future. I think the Americans are fortunate enough to have all the technologies first hand and we may see more people into crypto after an ETF.
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Scammers are less these days compared to the volume of them in the ICO golden months. There were lots of coins which just airdropped an ERC20 token and posted rubbish on their website in the name of whitepaper and roadmap, paid the exchange and listed on them in order to pump their token and then one day just sold their own token and vanished. People nowadays are investing with caution and education about this is needed to make new investors not fall for these.
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Its too much for any project to giveaway more than 20% bonus to the early investors. These "Angel Investors" will sell as early as possible and if there was no lock in period then the coin will dump as soon as it hits the exchange. We have seen this happening in the past and still there are teams which give away more than 40% which is definitely not a good sign.
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I think a poll might not do the justice for this question. We are already seeing many top alts on the coinmarketcap are trying to hold their ground and get more and more volumes day by day. Especially the top 50 coins have increased at least 5 -25% in 2 days now. Btc needs to be stabilized in order to cement this growth.
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