I don't know if this is the right place to post this but I want to know if there is some way to send erc20 tokens with low fee. Current gas fee is very high particularly if one has to send too many transactions. Please if someone know any other way to send erc20 tokens with less fee, share with me and I will appreciate it.
there seems to be no way to lower the erc20 transaction fees. because transaction fees are set by the system. we can only drop it a little lower but the transaction will be slower. I also can't do anything about it because the current erc20 transaction fee is too high. transaction fees of up to $ 20. The only way to lower the gas required for making transaction like sending ERC20token is to tell the dev to optimise their coin, other than that there's nothing we can do as you said. Moreover, gas price is up to the miner who picks the transaction based on the gas that they consider appropiate. The problem with smart contract is like that, it's just too expensive to make a transaction to the smart contract.
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Yeah we're going down bad and if you're asking whether it's recoverable, maybe this year or maybe next year no one know for sure since most of us don't even know whether we're truly in bearish market or not since the market is just doing sideway while at the same time we haven't experienced any correction after ATH until just now. I personally would just hold the asset instead of selling it, by selling it means you definitely losing your money but by holding it maybe for another years it could go back up but this is not financial advice nor you should ask some stranger for it. just make your decision yourself at this point, it's better.
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I think the market is on a steep decline and could go below 40000$. Elon Musk a billionaire on bitcoin has announced the sale of 1.5 billion bitcoins this has created a strong effect. Bitcoin market declines investors have sold bitcoins to avoid losses. I think it will take quite a while for the market to recover.
You're not getting the correct information though, even elon himself has clarified that tesla hasn't sold all of its btc assets even elon trying to shill again by saying tesla has diamond hand. The thing with current bearish is many big investors actually keep accumulating btc, even the whales who just sold at around the top also accumulating btc back,that alone enough sign that the market gonna take off and reach another ATH though the market currently shaking so hard but that's normal after getting the price to the point of $60k above.
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It's really hard to get China about this. It is one of the number one countries which are working to create their own digital currencies. But China is totally against the cryptocurrency market also. It thinks that allowing the cryptocurrency usage would cause yuan to devaluate.
I think it's more of reserving their own digital coni market more specifically the blockchain based ones, they are rumoured currently developing their own CBDC after all, though I believe that china will eventually lift the ban again, just see the history of crypto mining crack down in china as well as cryptocurrency banning, in the past there's also crypto mining crack down as well in China but see crypto market still going strong and I think yuan devaluation has little to do with bitcoin.
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In my opinion, i think Sovryn (SOV) can hit around $2k for sure. Because this coin is doing really well in ICO and Sovryn can become one of hiddent gems in the cryptospace. I think that SOV can really become huge in the future and can compete with top altcoins.
They probably can once their service become booming, the problem with it though the RSK chain that's not really popular (in my opinion) and they need some kind of external support like blockchain bridging, etc. Even now there's very little people knowing about this project, it only takes enough people knowing that defi for bitcoin exists to go as far as $2K because that's the deserving price.
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Probably just gonna stay around 50% of ATH and I honestly think it's the bottom of this dip, many people actually already trying to make buy order at around $30K below so i'm expecting it won't fall below that but alt on the other hand gets really impacted by the dip that even meme coin could go down as much as 95% but BTC and ETH definitely gonna recover, maybe in next few months when the fud already gone, curently the price heavily affected by the fud from either government or institutional investor even elon.
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you only lose your money if you sell, as the yearly cycle have reflected even if the price go down so much it will eventually go back up again, but you can't be really sure whether the market gonna turns bearish or instead continue to be bullish. we all know that none of us actually know what's really gonna happen in the future since it seems using TA isn't couldn'y really help us predict the price but i'm sure it's just gonna do sideways around $38K to $41K for a long time, maybe we're already at the bottom of bearish or not who knows right?
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vitalik buterin was a very logical move to me. He sold the MEME coins he received and converted them into money. This is something anyone will do when realizing that MEME coins have no future. I would do the same if I could get it. and because he had a huge amount of MEME coins, he turned it into huge money. however, some MEME coin supporters were uncomfortable with this situation. It's hard to understand why they also support MEME coins.
I think it's just a warning from vitalik to not mess with him by sending some tokens to his address purposefully for "burning" while at the same time advertising their tokens since you know it's vitalik buterin's address we're talking about where there's a lot watchers of that address and he didn't really sell of all the coins and left 90% to a burning address, basically he gains nothing from doing that act and going against the meme coin communities.
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Is Tesla to blame for this? Or is it really something else?
I think partly deserve the blame but honestly if we're being real here, the market shouldn't be that easily manipulated by a company, I mean the market cap of bitcoin itself is really high as well as the bitcoin volume. most of the time that allows whales to manipulate the market is when they build opinion on many people on how the market should be whether bearish or bullish and that's unbearable for us who just following the market. Tesla dumping 1.5billion should leave some kind of dump in the market but shouldn't be as big as the current dump, after all the current dump heavily influenced by elon making some opinion against btc.
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Most of miners uses renewable energy, I see no reason making it as big problem as it seen or talked by elon, not to mention if bitcoin indeed fall then it's gonna solve its own problem which is energy consumption since there gonna be decrease in mining difficulty and tbh, bitcoin is still developing and there's maybe a potential for it to release solution to this problem so rest assured the problem regarding energy consumption won't be bitcoin's down fall and frankly if we could find another source of energy in the future, does the current electricity consumption matters?
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ain't diamond hand if the dump was initiated by him at the very beginning lol, but i guess they have accumulated some amount of btc during the dip and try to get it back up again but guess what, the discussion about energy consumption now is only in the past and it seems it isn't relevant anymore lol, i personally just don't care anymore about his tweet, just get in the flow of the market I guess regardless whether he's gonna shill or fud doesn't really matter at this point where the market already bleeding.
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it's because a lot of newcomers coming to crypto right now that hasn't experienced dumping before hand, many of them even never did any investment or trading before so it's only normal to expect that some of the newcomers gonna get panicked at the slightest of price dip and now the price dip is rather large and it even make them more panicked meanwhile ever since we are reaching the ATH of 60k dollar most of us already expecting the price dumping just like this. for the hodl who bought in 2018 though still gets an ROI of 11x, if that's not great investment then i wonder what it is.
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it seems reuter making kinda misleading title but that's what media usually does right? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) not to mention china banning bitcoin is like de javu, they've done this too much time already that i'm not even curious about the content of the news. Though I wonder why the market so affected meanwhile back in 2017 the market didn't even stutter at the slightest from this kind of news. Again? But mining is allowed, right?
it seems so but even if they ban mining activities and causes 35% of mining power to vanish into thin air i'd be among the other people jumping in and start mining btc for real.
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They definitely gonna take profit since that's the main reason why they are involved in the crypto market in the first place but the time of selling their coins is definitely at some unexpected time. I mean, he becomes a millionaire for a reason and it's definitely not because he's trying to make other people rich as well, if there's slightest opportunity for tesla to gain profit from btc they definitely gonna do it, they are not charity company.
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Exactly, I was also thinking to find some smart contract developing job or backend developer job (jr level) as a side hustle, of course it's gonna be kinda hard and those who opens to part time smart contract developer job or back end junior developer job seeker are startup that usually was made for fun and isn't really ambitious but still a good thing nonetheless, remember guys when we're working in bearish market and getting paid in crypto we're basically get paid in form of undervalued asset, just wait until the next bull run and your earning gonna explode, good for accumulating btc posession.
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I'm just gonna hodl all the way lol, i've experienced price of btc plummeting from $18K to $3K back then in 2018 and I regret missing out the opportunity of making big after seeing the price of btc in 2021, I'd say i'm not gonna miss that opportunity again doesn't matter how much its gonna plummet, i will see my btc balance in next 3 year lol, time to uninstall my bitcoin price monitor app. then again if you see 2017 ATH is $18k, now btc still $39K
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after knowing that bitcoin could go this high, the bearish in 2017-2018 also don't really matter that much, people seem to have forgotten that doesn't matter how much bitcoin gets dumped its gonna come back to up again and that already happened many times, further more now bitcoin is more popular than ever, most of people who exposed internet also somewhat know the existence of cryptocurrency I wonder how big the next come back gonna be and yeah post like regretting not buying when in dip definitely gonna surface again meanwhile if given another dip they gonna engulfed in fear again lol.
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most of people are in panic, it always works like that when we're suddenly in dip but people who have experienced of past cycle will stay calm because no matter what the price will eventually hits ATH again and that's not without reason, simply put the development of blockchain in many aspect is enough to guarantee such thing to happen again in the future. not to mention that this is exactly what people would expect after reaching such high ATH, none of market could hold on for too long around the peak except the market itself is preparing for another bullrun and that also usually accompanied by accumulation through the dips.
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My opinion, we need more people like Elon Musk to make keep crypto market growing. Elon Musk already promoted crypto market to the more people in the world. He is already trigger the market to become bull season so that alot of crypto rally multiple times. Elon Musk already helped alot many people to change their financial much better.
Not really, one elon musk is enough and the problem about person like elon musk is that he has too much influence on the market and could manipulate it just by making some tweet, it's undeniable that elon help to hype up the bull market but even without him the whole crypto market still got invested by institutional investors which means it's still gonna be a bullrun nonetheless and I personally do not agree with your statement that he has helped a lot of people change their financial much better, remember doge market is a zero sum game where the winner take money from the loser, it's just transfer of wealth.
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~
I can still quite recall my panic sell back in the days, when I day traded in Binance. Sometimes it could be people just need to adjust their strategy because some aren't really for the short-term trading like me and would be like more efficient in longer-term gains. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Long term gain is even easier in crypto market, you just bought around the dip and forget about it for another next few years when the bullrun cycle coming but also not forget to set alarm that informs you if the price of the coin already surpassed your target. Most of the time it's the short term trader that gets affected by their emotion, after all short term trading is really exhausting since you need to monitor it more, meanwhile the long term holder mostly don't care whether it got dumped or pumped as long as it hasn't reached their target.
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