Yeah I am also having similar kind of opinion because if Elon Musk hasn't started talking about dogecoins then it might be trading below 20 satoshi right now and most people might have forgot it in the era of defi and NFT. So, if there was no support Elon Musk then probably dogecoins might have got delisted from most of exchanges as well.

Honestly I could not find any practical reason for Elon Musk to back up some old and almost dead coin. Probably he might have invested some big money some years back.

Yeah, decentralization is the biggest benefit which will be missing out in country specific cryptocurrencies.

I believe those country people will start using of their government's crypto but over the time they will realize that they are making use of nothing new but very much similar to traditional fiats but in electronic format. And I believe that is the point where they may start thinking about adopting bitcoins.

Moreover, I'm seeing these country specific cryptocurrencies as an indirect promotion for bitcoin adoption. Yeah, I mean governments are working for spreading awareness on bitcoin indirectly. It's a kind of promotion for future adoption and not for immediate one .

Yeah, they are not doing for the benefits of crytpo space nor for this community but for their own. No one will care others when it comes finance. So, being careful is most important thing and also how effectively we are going to make use of their hype will be the key here.

We could not expect them to become long-term holders or as we cannot prohibit them from participating in this crypto space; I mean nothing is out of our control but expecting them to sell off at any time and planning our investment according to that will definitely help us without getting trapped by their plans.

Honestly I am not having such a panic with bitcoins ever (but I had with all other altcoins for example recently when dogecoin was falling below 350 satoshi from its ATH of 780 satoshi, I was afraid to buy). The only problem for me is, I need to have excess money to make use of. Usually I do utilize all my spare money to buy bitcoins at dips and when bitcoin make lower low, I am simply turning helpless. Sometime bitcoin markets give me another opportunity by getting me lowest to lower at the time of my salary from regular job; but that kind of coincidence are not happening all the times. Most I miss dips or I may go buying slightly higher than actual dips.

Yeah, I'm not finding any big difficulties for finding a secured wallet based on our computer or android mobile phones. These days we are having lots of options while choosing wallets (https://bitcoin.org/en/choose-your-wallet) unlike what I have seen some 4 or 5 years back. Still I'm seeing lots of people are preferring exchanges and web wallets to save their coins for no good reasons.

I guess people are too lazy these days and due to this reason they are simply listening to Internet strangers and then keeping all their money on exchanges or web wallets itself.

Conceptually you are right but practically no coin is maintaining same value even after years of staking; that is the big problem with the most of the POS coins. If holding and staking will be getting us double profits then I believe all POS coins might have got ranked in top 25 of coinmarketcap list.

Personally I have tried many staking coins but unfortunately all of them not getting me profits. Currently I am staking RDD but not sure what is going to happen because right now it is trading below 20 satoshi but I have bought around 60 satoshi some two years back.

When you are confident about making profits in bullish run then what is the need of going for bot to trade with? I mean in a predictable market condition, it is always better to go for manual trading rather than believing into bots. Moreover I'm not ready to believe that bot based trading is profitable in bullish trend. Because, for a preset program whether it will be bullish or bearish, might not have any big differences. So, this must be definitely a misconception about bot trading.

Yeah both spot and margin trading might get us profits for same level of knowledge and technical analysis but when people go for higher leverage then the chances for withstanding against high volatility becomes lesser as they may get liquidated. This is the simple reason why people are successful with spot trading but facing losses in margin trading.

Yeah, that is the cruel nature of leveraged trading. At the same time, you can trade with $30 like you are having $300 and may get profits like 10% or 20% of $300, that is also possible in margin trading but you must have strong technical so that you will enter at exact reversal and catch some price movements.

When people are about to research, they are mostly going for coinmarketcap rather than analyzing about team members and roadmap along with whitepaper. That must be the reason why most people are simply failing even there are lots of good potential coins are available right now. Otherwise they are coming here to hear about others' opinion but shillers easily trap them.

In my opinion old coins like litecoin, waves are yet to have ATH. Some tokens like MTC, BOB are still having billionaires' back up to pump them up.

Same happened to me as well. When TRX was announcing about BTT token airdrop on monthly basis, I decided to invest on TRX and TRX was trading above 780 satoshi at that time I invested a big money and then it was crashed to as low as 120 satoshi and right now it is slightly recovering and trading above 210 satoshi still a long way ahead to get me profits. The unfortunate situation is even those BTT tokens I got from airdrop did not get me any significant profits even with recent rise up.

I have tried few POS coins and masternode and none of them were profitable to me in both BTC and USD values but simply sticking only with bitcoin holding people are making good profits with assure peace of mind.

I think Cake could still go a long way. Because of the V2 migration and BSC heavy load and the crash all together the price dropped a bit, now still quite high, it is at 33 dollars. However it is the 27th coin right now and I believe it will go up more and more and more eventually. Sure it will not be going up right away today, it already did but I mean you may not make 2x today, but we are talking about potentially one of the best investment chances here.

BNB is also the core of BSC as well, which means if you buy bnb and cake and put it on the farm it will grow and grow and eventually with the price increases as well you will make 2x easily, probably more. Obviously it is not going to be simple and easy to make that happen, there is a chance markets can crash like it did, everything could go down, in that case both bnb and cake will go down too, but if everything goes up this is a great deal.

Doge has seen more increase and in a month it has reached over 400% increased, so it’s quite possible that those whales who are pumping it might start selling their dogecoins to get their profit, because that is already a huge profit for them. The price has slowly started going down , but whether this is the end or not is what I can’t tell you.

But, if you have gotten enough from your dogecoin investment, especially if you’re among those that started with this year’s hype and invested when the market was very low, then this will be a good time to get off now that you have gotten enough.

It is not about not rich people not allowing that or not, it is about what they believe bitcoin will do. If they think bitcoin will fall then they will end up selling it as well, why would rich people not sell their coins if they think bitcoin will fall? Which means they do not think that it will fall which is why they are not selling it.

We are at a stage where bitcoin is not at that level just yet, so they are not selling, if we have a crash that is major, they will get out as well. Places like microstrategy has a very very low dollar cost average which means they can wait for it to go under 30k very easily, but if they see it at 10k do you really think they will keep holding? All we have to hope for right now is that bitcoin doesn't fall like that, and even though there was a big drop I can see it standing strong now at 50k levels.

Dude is a famous bear caller, I mean the OP, look at his messages and you will see that he talks about "I told you so" for the past 3 days about how bitcoin is in the bear market and that's it, he just does that, he keeps going around topic to topic saying "If you listened to me, I have told this before". Looking at the bitcoin price it is already over 50k once again, and there is no more drop, everything seems alright.

We are at a weekly 8% or so fall, if you didn't buy at 64k, you can't be in that much trouble, the 8% fall is nothing at all and can be recovered very quickly, even in a day. That is why I do not think that we should be worried too much, we should be calm about the current situation. Do not listen to people like OP, they just want to see bitcoin down, that is all they care about, that is not how market works, it is never down all the time, sometimes there are corrections and sometimes there are recoveries, we are back on recovery now.

I'm not thinking about to be having correction on monthly basis but unfortunately right now we are into a big correction phase still I am hoping for bouncing back of bitcoin prices toward a new ATH above $70k price levels very soon. As per many people are speculating there are good chances for bitcoin prices to get doubled from here.

Honestly I'm expecting more than $100k by end of this year. Because we are already more than half of that as current ATH so there are plenty of chances for bitcoin prices to be testing more than $100k by the times of end of this current bull run.

Yeah, you are right. I was one of the long-term holder of dogecoins but after seeing rdd coins were trading around 150 satoshi levels I started to think about switching to rdd so that I will be getting extra benefits by staking it. I sold some of my dogecoins and bought rdd and still staking it. Right now, rdd is trading below 10 satoshi.

If I were aware of Elon Musk's hand in dogecoins in 2021 then probably I might have taken that decision. But these are all just part of all investment opportunities hence I am not worrying but simply moving on to grab all other possible yet profitable opportunities.

I believe you could overcome such scenario by having strong technical analysis. Because, through analysis you could find out easily all possible breakouts and sudden dumps. So instead of going for a random decision, it will be much better to go along with technical analysis so that we could prevent all disappointments. One of the effective way to take profits must be keep watching with trailing stoploss. I'm not sure it will be possible for every cryptocurrency but I'm seeing many traders are making use of it in bitcoin trading.

No, I do not agree that investing with top 50 cryptocurrencies will no way ensure your capital in any means. Because these days most cryptos are easily get into top positions by over night manipulations. Some coins/tokens are enjoying their top rank just due to massive supply and the worth of coin may find downfall at any time.

Yeah, observing bitcoin alone might get us overall picture of where market is heading and booking profits time to time to take back capital must be really a good idea but most people prefer to hold till ATH so that they would enjoy higher returns for the same capital.

OP is blabbering something in the name of KYC for sure. I read their post more than 3 times still I could not understand what they are trying to convey with subject line of "strong KYC reason". Probably they are using Google translator and trying to start a debate from what they had in their local language.

Adding digits after KYC and old money will be gone kind of things in OP's statement are too annoying and I could not interrupt in any way.

Is it? I am seeing on few exchanges are also doing that. For example in my local exchange, I cannot deposit or withdraw dogecoins but I'm able to trade dogecoins for USDT. They are saying some reason why they have not enabled the deposit and withdraw functionality for dogecoins. I am just hearing about same thing with mastercard as well. Anyhow, we can expect MasterCard to add deposit and withdraw functionality for bitcoins in near future so that people who will able to buy/sell bitcoins more conveniently.