Trustwallet seems to be the most common one, we have a project with few friends and I can say that it is clearly that the best option right now is trustwallet, even better than metamask because it is literally faster and cheaper. You may wonder how can a blockchain related fee could be related to the wallets? I mean think about it, we are talking about wallets here, wallets are just suppose to do whatever you want to do and nothing more, whereas gas fee should be about the blockchain.

However from our project we figured out that unless you configure out by hand, metamask asks more than it should, and pays more than it should to make it pass, whereas trustwallet default ask is much lower, and still passes around the same time anyway. This is of course for BSC and not erc20, I haven't tested on erc20 but I would pick trustwallet over metamask.

It is not even about crypto anymore, it is about all of economy. The economy gets to a ruin once a decade and as long as things are not properly taxed and regulated for the top wealthy people and companies it is going to keep happening again and again.

We are talking about trillions of dollars all around the world goes missing because super wealthy declines to pay it, and they try to find loopholes around paying taxes which comes down to poor and middle class to end up paying because they can't run away from it.

When that economical collapse happens that means bitcoin goes up as well, that is what keeps bitcoin going, regular fiat going down will end up becoming horrible as well. I am not saying we should be focusing on fiat economy, but that just goes hand in hand with crypto, fiat goes down means bitcoin goes up and when fiat is strong that doesn't help crypto.

You have to realize that there are some of the things you list that happens in any nation in the world, not common of course but it does happen, USA for example is the most capitalist nation in the world yet they do have welfare, nationalized certain lands, had nationalized banks at start but now all private I think?

I am not sure about this one, basically it is amount difference, when you do it tiny bit it is capitalist, when you do it obviously and all around it becomes socialist to some people. I have always said never give example of anything from a dictator run nation, Russia, China, Venezuela, Cuba, all of these nations were said to be communist, what do they have in common?

They were all managed by one man and one party, it is all dictatorship, how would we know if they were communist or not if only one person decided everything? Look at France, Germany, Italy, Norway, Sweden, UK they are all mix nature nations, not fully capitalist not fully communist and it is amazing work they are doing compared to other nations.

I am pretty sure it is a troll topic, not a real one. I mean think about a person who has been around for a while, OP created his account in 2017 and he has been around for nearly 3.5 years now and he knows about bitcoin well enough. His last message was on 2018 which is around the time when price started to fall and he just took off, then came back and wrote two messages that's it, created two topics and left again; which shows me that there is a big chance it is full off trolling and nothing serious.

Nobody in their right mind would assume fiat is a good alternative to any investment. I would understand selling bitcoins and buying gold, I would understand selling bitcoins and going to stocks, I would even understand selling your bitcoins and getting involved with forex, I would not do any of them but at least they are investments, fiat is just.. nothing, it is totally useless investment that goes down every single day.

Oh hello Dr.Beer! This is Beer Lover here! .  I do think that was the biggest reason, take your bitcoins out, turn them into cash, take out your profit, put the capital back in and pay the taxes on your profit if you want to and move on. This way they are saving a lot of money from the new tax when it comes, what better reason there could be?

And let's remember USA may not be the number one nation with crypto population right now (or maybe, I really don't know) but they are a very wealthy nation, they have most of the billionaires and they have the biggest companies, so there must be a lot of known and unknown crypto investors who will have to pay huge sums of tax, even at the current level, with the new tax hike, it will cause even more, nearly half of your profit after the first million goes to tax. Which is why it makes sense to cash out. Wish they didn't, wish the rich paid their fair share, but let's be honest if I made over a million dollars profit, I would be doing the same as well.

I think that is a big of a task for many people, specially people like me. I mean I would love to buy at the low price and sell at the high price before it crashes and buy again after the crash and keep doing this until the 100k price. However I know myself, I will end up putting money at the top and selling at the low, end up losing money while everyone is making a profit.

I have tried trading, still do trade with small amounts (unimportant, tiny, like 100$ or so) and I can tell that I rarely ever make a profit from it. This is why I think it is obvious for someone like me to  just buy and hold, that way I can make 2x very easily without working or doing anything, just let it be. This works even if we are wrong, even if price doesn't go to 100k this year, it eventually will go there, all I have to do is... nothing, I literally have to do nothing, just wait and it will be there one day.

Do not forget that the higher taxes (much higher) on the rich also became a problem for the crpto people who sold and profited right away so they can pay the current tax rate on their income before the new tax rate comes. If you profit from crypto right now you pay %30 tax rate and if you do it after the new tax comes in that is 43% that is a lot of difference.

Considering this works for 1+ million dollar profits, that means that many very rich people realized their profits now so that they can reenter later on with whatever they want or maybe not even reentered the market. That is a reasonable approach, if I had that much money I would have done the same but I believe I will never own 1+ million dollars in my life, unless something shocking happens it is not going to happen. This is why I think it is obvious that this played a role, not saying that was the whole thing, but it was one part of it.

Without any doubts, they should go only with bitcoin investments; yes you must invest all your $1000 only with bitcoin because when you are not having any experience and knowledge about crypto trading then you should go for investing rather than struggling with trading. Cryptocurrency trading is something you could not imagine because it will wipe out all your $1000 in matter of minutes. So, always try to secure your capital first and then you will easily get chances two multiply it.

If you're ready to hold your $1000 worth of bitcoin for next 4 years then definitely you will find your money worthing $10k for sure. I am just speculating from what they have experienced in last eight years. I mean anything could happen but the chances for what I have mentioned is having more than 90% chances to happen in real life.

Never say "not possible" in bitcoin world, whatever you think that is impossible would definitely become more than possible very easily. Bitcoin was 20k at some point and dropped as much as 3k, that means it could very well be 8k by the same logic. I am not saying it will be 8k, I think it will probably stay above 20k if you ask me however I wouldn't be shocked about anything under 20k neither, I wouldn't be shocked about under 5k neither, this is bitcoin we could become 150k+ or we could become 5k and both of which would be possible in my mind.

It is really harder to reach 5k nowadays, it would have to crash like 95% or something for that to happen and I am sure that will not happen, however even with that rare chance of it, I would still say it could happen. This is 5k I am talking about, think how possible it is to drop just few more thousand dollars.

I guess Ada may start its another round of rally at any time soon. Because after ATH, for long period of time, it is struggling with price range and might be lagging with big investors. When periodic pumpers get into ada this time, I guess more firework will be possible which means it may test 5k satoshi as a new ATH. Planning up between ETH and Ada may benefit even in short term.

I guess we had similar correction within this years for more than 2 times if my memory serves me exactly. So, nothing to worry bitcoin markets and then altcoin markets will bounce back from the current scenarios and making use of current dips will definitely get us easy and quick profits.

i don't think so, even for a given period of time, crypto trading apps topped other social media apps, that's it. We cannot be sure what is going to happen next but as per stats we are concluding like that.

Even very small percentage of world population is using crypto, I guess at some stage that social media platforms might get saturated and then we cannot expect same kind of activities to be happening all the times whereas something which is assuring easy money making might attract more people and I guess this is kind of situation is happening right now for crypto apps.

You already stated enough reasons for backing up the subject of this topic. That FOMO may get intensified more in coming weeks hence this trend may persist for some more time as well. So, nothing wrong to assume about the popularity of crypto apps over social media apps, at least in short term.

But the catch here is, you need to be skilled enough to figure out that your strategy is about to expire or already expired with your one trade itself. But, mostly people will come to a conclusion only after 5 to 7 failed trades because they made money with same strategy and failing occasionally do happen with all strategies. So, having multiple tested strategy at a time and trading based on one on round basis may solve the problem temporarily.

When we have multiple strategy I guess you can cope up against expired strategy rather than suddenly got stuck. Professional traders are known for switching strategy within a day because based on market volatility we must need one specif strategy for a particular day.

Taking profits is the end (unless for not all 100%); you cannot hold further. It means you need to buy back at cheaper price levels. The best strategy we need to adopt must be holding and making use of dips to buy more and spending only what we need life's important things. I consider here all the regrets what usually do after spending and bitcoin test another milestone.
If you believe that bitcoin is going to test million dollar levels in coming years then you must plan up your profit taking strategy accordingly so that you may avoid future regrets.

I think you could try something like "If I had something like that I would diversify it and put it on many things in crypto and many things outside of crypto" and that would make sense, you are not giving any names, like saying "I will buy a house" and that doesn't say which house. I personally would be super rich if I had 4 million dollars, in my nation that's so much that I could live a very luxury life and still would not have to make more profit, like 4 millions do not need to be invested and go bigger if I want to live with that forever, I could just live with it without earning 1 more profit.

However just to make sure I will probably buy a business building, those do worth a lot here, usually they are like 4 stories tall or maybe 3 to 5 in some places but 3 story is too small and 5 is usually too expensive. I will get a 4 story tall one and probably a very modern looking one, get the inside done very professionally (not the items but the buildings inside) and just rent that out to companies, that would yield at least 20k per month easily, and I can live with that without spending any other dime, I could get like maybe 2 of these, that means I could actually get super rich.

I know it is not crypto related but why must it be crypto related, then I could use the income to buy more crypto anyway because I will make more than I could spend, I am not making 20k in a year now so making that in a month will allow me to go back into crypto.

Probably you are right but you cannot predict the future just by tracking where the money flow into. I mean bitcoin dominance may get you some idea of where the new investors are heading to. But, if you take one decisions when bitcoin dominance is around 50% and when you take another decision when bitcoin dominance will be 60%, both do not need to be right as at any time future investors might change their investment options. So, not taking any financial decisions based on one or two factors is highly recommended.

There is a good amount of miners who are making money right now. The "base" income for all miners is daily 50 million dollars, if they keep selling 50 million dollars per day every day, that will drop the price for sure, if they keep some of that it will not impact. Obviously the crypto world is much bigger than just 50 million dollars and we can recover that, but it is still a good chunk of money, put the transfer fee's on top of that and they might be making a huge amount of money per day.

This is why I think it is quite important to realize if they are selling right now or not, if you have 80+ million dollar sell pressure from miners, it is going to  take 80+ million dollars just to break even that day. Which is why I know that whales matter a lot, but miners matter even more as well if you ask me, what they do decides what the market will do.

That type of shake happens all the time in order to make countless times more money than normally can. You see a lot of people shorting bitcoin? You buy few hundreds of millions of dollars worth and before that you long bitcoin x100+ leverage and make a ton of money from that increase. You see a lot of longs and borrowers? You sell those coins and drop the price and make money from all the people who longed as well.

Basically you can make money on any direction if you have enough money, the shorters and longers are public information and you can find them if you know where to look at and if they get too much you will have a chance to manipulate the market. Obviously you need to be super rich to do this, but if you have enough money you could make enough money to profit from this. Nobody can say that it will not be difficult, it will be hard, but it can be done if you are rich enough.

That's actually a quite good graphic. Better than most others I have seen, most basically trade on what "should" happen and you have shown us something that is basically the sentiment of the markets and that matters a lot. Asia liked it, so they bought it, increased it, europe saw that, sold from the top when they saw it, then started to buy back from cheaper, then USA came in and sold the peak of EU and that is about it.

I think that is a good thing to see and you can make calculations based on that. Buy after USA drops it, sell when Asia increases it, buy when Europe drops it, and sell when EU peaks it, and buy back again when USA drops it. If this works, and if it is like that for real, people could repeat this and make money. Of course this was just one day, but I am sure someone can make a crawler that can check what happens depending on hours and see the larger results.

Yeah, I guess as in stock markets, savings accounts and many stuff like that. During this period many people stopped paying money to their 401k (or whatever it is called in their nation) and put that money into crypto, some even cashed out of all their retirement funds and put money into bitcoin. The expected result was a big loss, why? Because you should put your retirement funds into something that actually worths money, without it you should not be really doing anything risky and you will be living a horrible retirement, if you have no money that means you will need to work when you are 70+ years old as well, what else can you do?

But contrary to what people were afraid of, it actually worked, bitcoin and all other things went up a lot and these people made a lot of money. This is why I think it is quite cool to see so many people getting rich from crypto.

Climate problem is so severe yet the world is not doing anything about it. There are a lot of people who believe it is a hoax as well, we are literally dying as species because of it but nobody cares, the world will become more and more inhabitable place in the near future, it used to be something dangerous but right now we are already way beyond that, now we are at a point where it is guaranteed that the world will have a big trouble, but are we going to all die as humanity or not that is where we are right now, if we can start doing something we can actually maybe die in billions but not as a whole, but if we do not do anything then we will all die, there will no longer be any humans on earth in 50 years if this keeps going on.

I know this is not about bitcoin hack or network failure I am sorry but it just bothers me so much to see people not caring about it.