I remember someone posting here in BTC Discussion board as well that is a rap song about Bitcoin to the moon and somewhere in the lines of keep hodling. The tune was okay, but it seems monotonous in the end.
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It is Bitcoin. I would say it is riskier to put your coins in other coins if you're already more into Bitcoin. Did that in 2017 and I diversify my BTC in different altcoins. The year when almost ICOs starts to disappear. Seems like a bad move for me, hope that other won't experience the same as mine.
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Sad that it would take a little longer before many establishment would consider that. They're not used to unstable price that's why they just can't accept that payment method in the end. Some have the risk-taking mindset to do so, but most don't. ~
I might be going crazy or something, but did you just reply to your own post?
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It could either go either ways anyway in the first place. It would be either Musk manipulated the market by himself or some people are just too stupid to be driven and controlled by celebrities in decision for their investment. It is not like Musk intended or wanted people to invest in Doge Coin. He liked memed it up.
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It is simply supply and demand, OP. Just like what pooya87 said, what particular coin are you pointing at? Bitcoin is unstable and you should know that.
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Don't liquidate everything from Bitcoin. Bitcoin is starting to rebound already back to 60k slowly. Giving a little bit to other altcoins could be good, but if I were you, I would still 100% stay in Bitcoin.
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Don't give false hope to the OP, although there is sure one day that we will reach that price one day, but let the OP first move on from the regrets he had. If we keep giving false hopes to the OP, it would just worsen his condition.
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Like a fish going with the flow along with the whales, I see. I kinda felt how could it have hurt to do that, but I guess you didn't had it worse than mine because my coin was like being hunted for sure by the whales when I panicked sell back in the days. They got my sold coin.
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They probably have their minds first on the vaccine. People use bank-issued cards these days, and government finding out about Bitcoin and how convenient would it be would take quite a while because they only know that it goes against their governance because as you mentioned. It is decentralized.
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There are those that fall into the reversal psychology, but mostly other people that were here for a long time wouldn't think that market doesn't want them to take profits. That is why it is called market in the first place. There are group of people selling and buying at the same time. It isn't up to anyone's favor.
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I mentioned before that I was leaning a little bit into investing in stocks, but I heard as well that it was falling when the pandemic started that's why I didn't bother to continue. Somehow both are obviously different, but due to convenience that I can invest in crypto, specifically Bitcoin, I just went along with it and didn't bother investing in stocks anymore.
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Speaking of DWYOR, we also have DYOR (Do Your Own Research). Heard NFTs quite a while but they're Non-Fungible Tokens.
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Problem is the confirmation times that hinders the usage of Bitcoin around the world. The unstable price is another factor, and this is why former adopters of Bitcoin like Valve back in the days pulled it out. I recall reading some article in Facebook page "Crypto News Flash" that employee got paid with the right amount of Bitcoin but then the boss demanded for some amount returned due to the recent price hike.
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Haven't invested in DOGE, but it seemed to be pretty hyped coin just how much it pumped after Musk just hyped people up to invest to it. As for Bitcoin, I don't understand why people still think that it could be manipulated and controlled by the government. We already have fake-toshi that doesn't even know shit about Bitcoin.
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Anyone wants to get rich. Anyone wants to be like Musk. The quick rich mindset is gonna be hard to manage for a lot of people because the volatility of the market itself already tells the story. The expectations goes to the moon before the price.
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I would like to hear someday here in my local community that one got rich from cryptos and I would be hella surprised. There are still number of people shrugging off crypto and one wouldn't know that it would be the most convenient investment in their part during this pandemic. ~
It is almost like winning in a lottery for me actually.
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It is one but it shouldn't be the one only to be looked at. Might go a bit off topic for this but I even recall e commerce sites here in my country that accidentally exposed the variables of the codes in their database. Mistakes happen as well, but it doesn't mean that it should be tolerated though, however at the same time basic mispelled words isn't primarily indicator.
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Finding statistics for that could prove impossible. If you're defining "success" as having many Bitcoins in a wallet, then it could be hard to find out if those coins are still being held by the owner because they could simply be just locked out already from their wallet. Maybe wallet with the most Bitcoin could still be possible.
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Hello Brandon. Sorry for your losses on that. Only way to cope for this with for now is to step out of crypto. Just like if you get sick in the internet, you would just turn off the computer and change your routine. If you're still financially stable like you can pay your monthly liabilities, you shouldn't feel bad even though your crypto friends are like buying their Lambo. It kinda sucks, but if you kept thinking about it, it would just drag you down.
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