Most of these SHITCOIN/ MEMECOINS had burned 50% of their supply and worked on a deflationary model to increase their prices. For purpose of burning the supply they chose the address of Vitalik Butterin as which address could be more trustworthy than his? So every coin almost burned 50% of their supply by sending it into Vitalik's Ether Address.

Vitalik Played a masterstroke. For whatever reasons he donated all this supply to the INDIAN CRYPTO COVID RELIEF FUND. The Total Amount of donation at yesterday's price before the crash was around 1 Billion$.  Now this supply which was expected to be locked is into the market again and Most probably the fund will realize it soon. Now when this supply would be realized into fiat for actual usage we won't get enough demand at the time of swap or selling as 50% of the supply would be on sale. This means price would go further down or basically rock bottom.
DeFi were the biggest contribution to crypto society they had a utility that they gave to the community. Similarly even NFTs gave the idea of cryptographing digital assets. Which contribution to society do Memecoins make except for bringing disrepute? Exchanges would never hesitate in listing any coin. For them, any coin which has Market Cap and can give them fees is a good coin. For them, it's not a matter of utility.

We all know after the Doge pump recently, numerous coins have hit the market claiming to be the next doge and most of them either have dog in their name or are having Elon in their name. Some like Shiba Inu even managed to pierce in the top 50 Cryptos and is now listed on Binance too. Utility? None. Thousands of investors or I should say normal people like us might have made 20-50x money with these coins. But an Equivalent number of people lost everything last night after what Vitalik Did. Here is the snapshot of the dog market after what Vitalik did:



Surprisingly Vitalik is now being seen as a traitor who has duped so much money of innocent investors. But up to what extent do you think he is wrong in doing so? I think he is absolutely right. These coins are just spoiling the name of blockchain and cryptos by making it a get-rich-quick scheme.

Elon Musk and his fairy tales. Everyone on the planets even the very less educated and privilege would know that bitcoin mining would consume electricity. Moreover, it has even been debated many times that due to major bitcoin mining taking place in Developed nations where more renewable sources of energy are used bitcoin doesn't really use that much energy. But one day CEO of TESLA waking up and realizing that oh no we need to stop accepting payments in bitcoin is not a story I am going to buy. It was a pure intentional price manipulation done by him. Even though the market looked bearish before the news. This news gave it the necessary fuel to go down. I believe he was just trying out whether he has the power to influence bitcoin price too or his powers are just limited to DOGE. Now he has realized he can move BTC too. He will surely do many more price manipulations.

I think there will be a good leg down before we can make a leg up. Currently we have a made a higher low on the daily chart at around 60k and currently market is moving sideways but the fact is that there has been a good volume on selling side in the market and we break the bottom support we will see 47-49k regions. From these regions we will get enough buying pressure to go past 60k because at current price there aren't a lot of buyers going crazy for the market.

Very interesting Infographic, but this could mean a couple of things. One can be the number of retail users or Institutions coming to buy in this market while another major sect of users might be the whales who have actually brought their cryptos into the market for sale at good prices. But one surprising thing is that despite price going almost 3x for Bitcoin the traffic has still not surpassed what it was in Jan 2018 which implies people had much more craze of cryptos then than they have now. But I think this data would vary country to country as in 2nd or 3rd world countries where people have come to know about cryptos late, there has been a huge traffic surge recently. While this wasn't the case in 2018.

I don't know if I am being negative but all this doesn't sound quite right to me. People entering into all these shitcoins to make quick bucks. These are really the worst type of people you want in the crypto market. They will just make the market more volatile. Yes they might give us a fancy chance to sell our holdings at a good price but in the end they would eventually suffer short-term losses and will then curse the crypto market for life.

This is absolutely true people think holding something like SHIBA INU will make them billionaire now. It's really a shit coin and was intended to be a shit coin it has given the required returns to its creators and some early investors. Putting hands in it is like burning yourself on your own.

Yes this is absolutely shocking. I saw this just a couple of days ago and was surprised to see that Bitcoin fees has gone way down. I think it's due to some recent difficulty adjustment but looks like btc is handling the scaling issue pretty nicely and that also despite such a high price. If this would have been something during the bear run fees would have looked even lesser it's just 6-10 sats/byte for a good and swift transaction. Ether on the other hand has really shocked everyone. Fees is terrible these days due to network congestion and Uniswap fees is even higher.

This is the first thing that would and I somewhere feel should happen. Believe it or not Cryptocurrency mixers really promote money laundering. Some would argue that it helps in decentralisation and anonymity but with this level of widespread usage of Cryptos, anonymity will be sacrificed to some extent to maintain traceability. Mixers hamper this great feature that Cryptocurrency offers to us. Moreover recent exchange hacks and extortions have also used these Crypto mixers to get past the traceability of authorities. So very soon crypto mixers can be banned completely in many countries if cryptos have to stay.

There are numerous reasons for this. Not everyone buys stocks for short term gains. People buy stocks because they know the company and they know the business is going to stay in next 50 years just the way it has stayed here in previous to years. Also stocks give you ownership rights in the decision making of entity which crypto doesn't give. Secondly crypto can increase by good percentage daily but at the same time it can fall at a great percentage daily too. This means that traders can lose money as easily as they would make money. So cryptos are not going to replace stocks anytime soon.

If you preach dictatorship you must be very happy with the political conditions of India currently.  Anyways IPL I think won't happen for at least a year. I don't think BCCI would once again take the risk of calling a league amidst this COVID Crisis and I don't see covid crisis going anywhere in the next 6 months. This is why I think everyone wants to adjust funds for next big tournament.
Officially they both have denied that there was any such fight between them in any Maldives Bar. Talking about the payments for players. I think as long as the franchises are in profit( Which they should be in), they won't really make the players sad. Moreover, after risking the lives of the player in this deadly pandemic they really want to give them the compensation to shut up.

I think one shouldn't take investing inspiration from something like Dogecoin, we all know it's a meme coin. Has no real purpose and no real utility and just being floated up by fake pumping. Actually, all these things happen because cryptocurrency market is a very new market and is so far driven only because of the mammoth returns that it provides in a very short span of time. But the question is whether you should trade/ invest in the expert way or enjoy FOMO, honest answer is to do both things. Keep a decent amount of your capital for purpose of investment into some good coins, for example, some coins like Uniswap, 1Inch & Solana grew this much because of their utility keep some bag of money in these coins and keep some money ready for shit coins like doge coins, this way you can enjoy both the things in a very fruitful manner.

More than Economics it's about sales and marketing strategy. When any company wants to keep it's pricing competitive to it's substitutes and also keep it at a whole number figure, this is the best strategy for them. I have been seeing a packet of Maggi since my childhood. One packet of Maggi Noodles is Rs.10 in my country for almost more than 15 years now. But the weight of one pack has gone down from 100g to just 65 grams now. They have tried to keep the pricing the same to give the feeling that Maggi is still available at the same price at which you brought it in your childhood but actually things have changed a lot. This isn't the dark side of anything. Every company needs to keep it's pricing accurate I don't feel this is unfair to the consumer as they know what they are buying.

First of all you need to tell the country in which you are residing and doing this transaction. If it's the US please tell the state too as taxes differ for each state. But yes one thing is constant which I have seen in the tax laws of a lot of countries. In case of such a transaction either the gift that you have made is taxed at its Fair Market Value in hands of your Friend at the time of receipt, it's not a gift but a sort of income for him. So he would end up paying tax on receiving and then will pay tax when he sells it(If he sells for profit) but this time the profit will be the amount of sale minus the fair value at time of the gift.

Some countries practice a different system. In those countries when your friend sells the bitcoin ultimately, he will be taxed on profits and in this case, the purchase price will be taken as a difference between sale proceeds and your purchase value(In this case which is $1K).

So in my opinion Either ways you will end up paying tax.

If you don't want to be a sheep then wait for next retracement in the 4h or daily chart. Market of Ether is too over bought as of now. It has given a good rally of 20% in past week. Market of Ether would definitely come down till 3000 area so if you are looking for investment this can be a good area to keep your buy orders. I just made a mistake yesterday when I tried to buy Ether at 3600 thinking that it's breaking it's all time high but ended up being a sheep when prices came down immediately. So 3600 is a good resistance which won't easily break. Try to buy any downward move that comes after we fail to break this resistance.

15 years is a very long time we are talking about. Even if you blindly trust the project and even trust the promoters even a single mistake can lead to abandoning of the projects. I am saying this keeping at par with most of the startups in the world. Most of them have great ideas but it doesn't just require a great idea to succeed. So putting all your investment in that particular project for a period of 15 years is nothing less than stupidity. That also at the time of a bull run because we know for a fact that when BTC prices would go south in bear market the whole market would go red.

Also seeing your risk aversion which is good 25% I think you can try to trade your way out. In just 1 year or so you would be enough trained to take money anytime out of market. Then in future you can invest this money in that potential project at time of bear run where you might find better prices.

Influencing price movement is a concern here. Stock gives you a right to control the project or the company or at least influence the major decisions and also appoint key managerial personnel of the company but cryptos on the other hand don't have this feature. They don't give you the right to influence the decisions of the project. Forget about decisions they don't even offer you the facility to ask for accountability of any project if you hold a certain set of tokens. While shareholders command complete accountability on the affairs of the Company. This is what is the major difference I am talking about.

My vote for What should we do the fund in the pool?
1. Use the fund to next big tournament for example: WC T20


I don't think distributing it back would make sense and the next IPL looks like a farthing. Let's just adjust it for the upcoming WC if it happens. Is there an option where the current rank holders get the prize money?  If there is i would choose that option. 

I think there are numerous stories like yours. I never obviously had this much bitcoins but still had a lot of them which I sold at a pretty cheap price. Talking about the recent rally of doge coins. I had more than around 40000 doge coins. I gambled those doges on the casino I don't remember the name of the website but I remember Yahoo wore the signature of that casino game. I turned these 40k into 300k doge coins then I sold all this and got around $1.5k. I thought this is it I have made the biggest Heist in the history of bitcoin, little did I know that those 300k doge coins would now be worth more than 180k$ and still growing daily. I think everyone on this forum must have had this kind of depression. Obviously, your story is sad as you had to sell it because of a tragedy.

Obviously yes, the Market can never go in just one direction no matter how good the coin or how good the project is it's human sentiments that come into play. People would eventually try to book some profits leading to correction in the market. The scenario of 2018 would definitely be repeated as soon as we see a correction. Market Ideally moves in a 45-degree angle and corrects itself whenever it is above that. Currently on weekly as well as month Market is too bullish so obviously, things will be corrected. But yes one thing is almost sure that after that crash or correction whatever you say it there would be another 2021 like boom. This is how things have always been bull run has to eventually end for the bears to take in and bear run would eventually end too.

True! I was thinking of this today. All that these idiots are buying in shitloads is Tweets of Elon Musk and fake hype. I am really curious that how can people invest and HODL a project which even its founder didn't trust. He obviously might be repenting today that he sold this much of Doge coins so early merely to buy a car but aren't we all repenting on selling some doge coins early? Despite that it actually is a bubble and an intelligent person would get out of it as soon as possible. There can be no logical explanation as to why it has come all the way up to 0.7$ Even if we say we can use it as a currency. It will start to face scalability issues soon too. Moreover, a project without the devs is no longer secure too. The irony is that people are just pushing air into a bubble.