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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?
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If I'm to decide which option to use for processing transactions, I'll go for binance smart chain as the transaction fee is much more affordable. The binance smart chain is growing speedily as several new projects are building on the smart chain. Ethereum is still the big boss and it's place can't be replaced in the cryptocurrency space.
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I believe that if dogecoin is acceptable for purchasing tesla, it's a plus to the usecase of dogecoin. We mostly have the impression that dogecoin is a joke, but this could change if Elon musk begins to play by what he says. Dogecoin could garner more value than most cryptocurrency with usecase.
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top 20 cmc coins can already be said to be coins that will survive in the future, such as eth, bnb, ada, xrp, or you can find your own project but it will be much more difficult.
Being in top marketcap doesn't guarantee any good fundamentals and some of them could even die away. I mean Bitconnect was a top marketcap coin. Marketcap only represents total valuation of the circulating coins. It doesn't factor in the liquidity for example. Nor it says nothing about use cases or future adoption. Some of the top coins do have a good reason to exist but some of them not so much. It feels really depressing when I remember my experience with bitconnect, no doubt we all knew that there was no product and it was a bubble, but most of us didn't care as long as we were making substantial increase in our investment. Its all in the past, and I certainly have learnt my lessons. |
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I think dogecoin is one of the most popular cryptocurrency we have now following the massive increase in value it recorded this year. I wished dogecoin had a good part of my portfolio, perhaps I would be chilling with Elon musk in Las Vegas. It is a wise decision to hold dogecoin and with the initiatives and announcements that is coming through, dogecoin would be trading above $1 soon.
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There's no doubt that Elon musk is capable of lunching his own cryptocurrency and I personally would love to hold his coin because he has the support of the market and could easily influence a value appreciation. The project would become as popular as the defunct LIBRA Coin of Facebook even before it hits the market.
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The cryptocurrency industry isn't a get rich quick scheme as many perceive it to be. It takes a great deal of effort and hard work to make it big in this industry, including the fact that one has to be willing to take some calculated risks.
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You will lose your money in the long term, please understand that he is manipulating the prices so he can get benefits from it but the price of it is really huge in future the doge coin will die just because such kind of influence if he is having over a coin for long term.
I'm much more concerned about the short term. Nothing last forever even the tokens with awesome use case and long-term potential still go through the market correction and price fluctuations. I'm of the opinion that its best to take advantage of the market and earn as much as possible, the bull run would be here forever. |
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$0.1 per SHIB would be trillion dollar market cap for the SHIB economy alone. I don't think that it will ever reach to that level. The supply is unlimited and the cost per unit is already so tiny. SHIB has no utility applications rather than pulling down the DOGE and it's meme fans. All I see on the tweeter is SHIB official page making jokes of DOGE and begging Elon to accept them as the payment token. Lolz. SHIB will only be used for pump and dump application by some random rich guy because its far more easier to manipulate.  It would be awesome to have shib used for whatever reason that brings more value to the token. I missed out in dogecoin, it won't be nice to miss out in shib. I wish the value increases substantially. The Cryptocurrency market is still young and there's still room for improvement. A multi trillion dollar isn't impossible. The game is just getting started. |
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It's quite funny that several projects are springing up to take the place of dogecoin in the market. Its interesting to know that dogecoin owes her popularity and massive increase in value to Elon musk who must have invested a substantial amount into the project. The fact that dogecoin is a meme coin and doing so well doesn't mean that all meme coin would do well.
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Elon has gotten a lot of popularity in the cryptocurrency industry and that has translated into a huge number of fans. Whether we see it or not, Elon musk can be said to be a cryptocurrency influencers and that would be instrumental to the success of his project.
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From my assessment of how the market and Elon musk has been trolling, I feel Elon musk is doing all this purely for entertainment. I'm certain that he's not getting paid for this manipulations. The truth is that most people would end up getting hurt from the market this period and its going to be worse than the last bull run of 2017.
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Despite the fact that the bull run has been ongoing for a long time now, it's just recently I noticed that litecoin is making significant movements. I really don't know why litecoin is not performing like other cryptocurrencies like bitcoin, ethereum and bnb.
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When it comes to a project that is found among the first 20 on the coin market cap due to their market capitalisation, its best to hold because the bull run is still in her full gear. If one must sell, it's best to sell in bits and take profit as they come. We won't be in the bull for ever, so it's wise to take as much profits as possible.
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I had intension of selling some of my ethereum when the value hits $3600, but as it stands I'm positive about the value hitting $5,000 in less than a week. I'm still holding and believe that the value could even surpass $10,000 before long. There's so much development going on in the ethereum blockchain and this pump is sustainable.
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