If you don't want to have the risk of losing your money in a blink of an eye then better stay away from this coin where many people have accused of Ponzi and the price right now has been dumping so hard at the time I'm writing this post the coin has dumped about 50% and if the accusation turns out to be true then prepare to lose 90% of your money. Not to mention people who shills this coin doesn't even have an idea about what this project really is, heck even they don't even know what this project is all about, what they know is just buy this coin and wait for pump which kinda stupid decision if we don't even know how this project gonna be in the future, what they know is just how to shill this coin to get it pumped and then cash out.
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Really, what's stopping bitcoin to last forever? the blockchain is decentralized and I doubt the government could ban it, the only thing they can do to hold btc is to make regulation with harsh punishment but people could always "smuggle" bitcoin somehow, same thing why government hasn't eradicated piracy until now even though most of piracy activities done individually but they are struggling hard against it. Maybe the network could slowly become low in traffic or something else as people moving on to maybe another technology which I didn't see happening since cryptocurrency in general always developing. Also, most of government that bans bitcoin usually have relatively not strong economy IMO because their paper money or stock market just can't compete with it.
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He's burning just to increase the over all value of BNB, in his recent tweet he said that BNB burning has the same effect as making an airdrop but it's more evenly distributed and what he mean is, the burning is done just for the sake of making the price go up therefore people indirectly got the benefit of increasing asset value evenly. If i remember correctly when first emergence BNB, Binance has proposed to allocate few percent they make to buy back BNB and then burn the BNB for the same purpose as well and I don't think there's another purpose in my opinion, but maybe they have the plan to bring the circulating supply down to like ETH.
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Even though having all the gas trackers ETH cannot help us get transactions faster and more economical at the moment. ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) It could if you keep monitoring it and finally found the time when there's less traffic within ethereum blockchain while at the same time having average gas fee that's significantly lower than usually. But yeah, it's kinda limited to just that and most of these gas trackers are based on some calculation first and I guess not purely based on the recent blocks average fee since I've seen many inconsistencies within the calculation when I try to compare to the latest block median fee.
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Just wait it out, some people said the gas price go down when it's midnight time in the US or when it's not business hour. But, you can try to observe the average gas price within recent blocks and adjust with that. Though it's still gonna requires you pay quite expensive fee but atleast it's not that high. There's not so much we can do regarding the fee required for sending erc20 token, not to mention erc20 requires more quantity of gas than sending eth itself which is pretty silly at time of high gas price like this.
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Some said it's gonna be around 3 years long following the past usual cycle of bitcoin but to be honest I don't believe this time around bearish (if any) gonna be that long simply because hedge funds and institutional investors in general that aren't planning to sell their bitcoin anytime soon. But honestly I'd expect the price of bitcoin to be well above $20K (2017's ATH) if bearish market happen so not really a big deal to me and I could just wait it out for another 3 years until bullrun is coming.
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People are not foolish at this digital world. Elon has benefit and for this reason he is influencing the market. Without any benefit, why he will tweet for a specific crypto currency? At this current situation, rich are getting more rich by taking benefits from market.
People are not foolish indeed due to flow of information that's faster than ever before however they are still vulnerable from influence by the famous person like Elon, you know everytime there's news about celebrities buying crypto people went crazy same with elon musk that means people aren't really confident in their own opinion and always follows other though I do agree, Elon must have reaped some benefits out of tweeting doge because lets be frank here, making such controversial tweet as a businessman if didn't give you benefit it could only ruin one's reputation and as you've seen most of his tweet also done within this certain intervals after every dump, I might be too overthinking about it but there's always a motive behind certain actions.
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seems like someone is trying to get in and buy in bulk but using FUD before hand to bring the price down ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) I've seen increase in publication regarding bad side of bitcoin in many medias as well but that doesn't mean it's the end of the bullrun. Doesn't matter what these publications or negative stories fudsters gonna say about bitcoin but people around the world already bullish with cryptocurrency therefore BTC if got dumped eventually gonna go up again anyway. but one thing for sure though, follow the quotes "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" so you won't be the one who loses.
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I've seen this happened to many people they thought their asset gonna be pumping forever and turns out it's dumping hard and they regret, funny thing is, most of people who trades and have that kind of behaviour rarely learn from that mistake and they just want to create as much profit as they can not knowing that the market could turn upside down anytime. IMO, the best thing to do in trading world is to stop being delusional and see the reality, a coin could go far higher than the price where we were dumping but none of us could ever predict how much that coin could go. Taking profit early is okay because profit is profit and we can always make more next time.
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This is the plain truth, I totally agree with the op, but just like some other guy already said here, it's easier said than done, I have been a victim of this circumstances many times I can't remember, but my last experience taught me a bitter lesson, now, I've learnt the hard way, I've always sold all my holdings at a little pump cus of fear that the market might start dumping, I sold all my 28 Ethereum last year at the price of $450 usd each, till today, am still regretting that decision, I've promised myself that I will never make such a mistake out of fear again, now, am determined to always hold until my target price is reached even if it will take 2 or 3 years, I no longer care.
Yeah, this kind of thing that affects our psychology only best learnt from our own experience by making stupid decision and regret it, I personally have missed the opportunity to sell high many times just because I was too early at thinking of dumping, I was also holding so many doges back then and sell it for some measly amount just because I thought the coin has no promising future somewhat turns out I was wrong but such thing definitely out of my control so regretting just gonna adds the pressure and stress lol. Now I become more chill though, dumping and pump usually I don't really care as long as the coin is good and promising enough for long term.
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If people just ignore his shill the market won't be easily manipulated like that. The problem is the people that overhyped his tweet to the point that they take it as financial advice even though most of his tweet are just some obscure random tweet like just word "doge" or "moon" and people already go crazy all over him but you must realize that those people who follow him most likely just want to repeat and ride the bull run like what happened in the past while knowing that their money could pretty much lose and turns out they are right. There's no need to get annoyed though, there are plenty of other coins out there.
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There could be a dumping but not gonna last forever, there are always some people who gonna buy it at the bottom and I might be setting buy order at the bottom as well. most of people are being too paranoid anyway thinking that if satoshi really dumps his coin it's the doomsday of bitcoin or cryptocurrency in general but if satoshi was really intended to do such thing, he might as well have done it years ago. I'm surprised it's this late in the thread and no one has mentioned the other question, which is what will happen (and what will people think) if Satoshi decides to BURN his coins?
Well that's gonna cause huge bullrun since the amount of bitcoin owned by satoshi are so many but that's also means some percent of btc total supply gone I mean, bitcoin total supply isn't that much.
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It was never meant to be the "New Ethereum" but instead it was created to be an alternative for those who gets overburdened with ETH ridiculous fee and in july ETH probably gonna solve the problem regarding fee already. As of now, I always see BSC as different entity compared to Ethereum seeing the nature of defi and dapps there which is quite different in my opinion compared to ETH and with BSC you won't have the leisure of running as much nodes as you want.
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I'm still confused why someone hates USDT. This is a stablecoin and this is the most used stable coin in exchanges. So, I personally don't mind enough about this, as long as we can still use it, why not? And moreover sometimes I can take profits from converting USDT to my local currency ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Some rumour going around about how they could print USDT so fast it grows the stablecoin's market capital into top 5 coin with highest market cap, I mean, USDT is owned by private company and it makes sense that people would be curious or even doubtful but now they have published their proof of funds I guess that could answer all the doubt. But at this point, I doubt a company like tether gonna make cheap move like exit scam because they simply too famous to do that and it's just gonna ruin their reputation that they have been building since years like that. I could assume that most of the popular stablecoins are safe to use.
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the pump could probably take DOGE to hits its new ATH at around $1 and that could easily reached because of Elon shilling which he regularly did through his tweet but the market might be unsustainable at that point since everyone already set target to dump at $1. The problem with current doge pump is that people buying it just trying to make a profit, there'll come a time where people think that the pumping is enough or already reached its peak and starts dumping at that point Elon's shill will do next to nothing I guess. I personally have bought doge few days back before the bullrun and already dumped it with profit but kinda regrets that the pump still happening until today lol.
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The burn is already done? Why is the price keeps dropping then? BNB needs to retrace it's all time high to start surging again but right now I don't see any bullish trend but I believe that 520$ per BNB is still a steal, BCH on the other hand is going to 1000$ wether you like it or not, many people hate BCH but it has what it takes, anyways it's not to late to buy BNB
It's maybe because after the pump people trying to take profit and therefore the effect of BNB burning overshadowed by the dumping but burning itself also doesn't always guarantee price increase. So many cases out there I've seen where the developers trying to burn the coin either through buy back or other method but ended up having no impact to the market whatsoever, it's at the end of the day always depends on the demand in the market otherwise if the demand is kinda low burning is just reducing total supply and that's it. Though I actually think that the pump caused by burning already happened right after announcement not when the deed is done.
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The price is already too high while the market capitalization also high aswell, 10% of 10$ is 1$ and 10% of $60000 is $6000 that alone already make it hard for bitcoin to gain price increase percentage more than 10% and there's also the market cap where the bigger it is, the harder for that coin to pump. You can easily pump some altcoin with just $100000 and it could triple the initial price but with bitcoin $100,000 is nothing. But you should also know that the more easy it is for a coin to increase its price to thousands percent of its initial price, the easier as well for that coin to get dumped into the bottom.
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Even facebook and youtube got down quite frequently nowadays, and I've encountered the market crashing like this due to overflowing orders quite few times and honestly most of them got things sorted out within next ten minutes or a little bit later. Maybe the exchange you used just getting overloaded with all the orders not to mention the current hype regarding doge because elon musk but as long as it doesn't make any users lose their money it's still tolerable I guess. However you might lose trading opportunity so if I were you I'd prefer to switch over to other exchange but only if the alternative is good enough otherwise there's no problem in staying at the same exchange.
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or most of people could easily get influenced by Elon, I mean, Elon isn't controlling the price of doge through his own capital but because most of people are really into his tweets and taking it as conspiracy. Though, I totally have no problem with that since I'm myself have gotten quite good profit out of it, while I don't really have an idea of what causes the pump until I tried to peek into elon's twitter account and found this tweet you mentioned. Remember though, there are also bots set up by some people which creates buy order based on elon tweets, it will definitely have impact to the market.
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2018 how long alt season survived ?
In fact, it is very difficult to say how long the alt season will last. This time the alt season is a little different. The more we think that the alt season is over, the more the alt season is growing. I think the alt season will end when people return to work at the end of Corona. Nah, the end of corona could instead pump the growth of alts faster since that means speeding up the development for many projects because honestly even amid the pandemic the growth of crypto and alts has been really well. But when the economy condition restored to when it was before corona, people definitely gonna flock over to crypto again and it's not like the whole crypto bullrun that we currently experiencing is solely because of corona but it's just because the crypto cycle that got pumped like every 4 years and also boosted by institutional investors realizing the potential that these cryptocurrencies have. I don't think in may there will be any bearish market to alts, it could go up again.
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