Given the increase in Bitcoin's value, withdrawing funds to buy them is a really good investment. I feel happy that social security funds take notice of Bitcoin. In the long run, there may be more Bitcoin-focused social institutions or countries that invest in Bitcoin.
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I use trustwallet and safepal wallet, both wallets have coins and are listed in the same portfolio and collaborate with Binance. I think most people would suggest both wallets. This is strange you should already know because TrustWallet has been around for a long time and Safepal Wallet also has a lot of users.
That is also my answer. These two applications are invested by Binance and are compatible with different DEFIs. People can easily make transactions without spending a lot of time pairing wallets to DEFIs. Besides, sending money is calculated appropriately and can be adjusted conveniently depending on the needs of users.
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Elon Musk is an interesting guy. He gave a lot of information about Dogecoin but in the end his company bought up to 1.5 billion USD for Bitcoin. If one day Tesla accepts the Doge coin, then I believe he bought the Doge. Doge was up 20% yesterday after his Tweet. Doge had risen too high in the past because of information from Elon. This will end soon as the community is so accustomed to it and they will not be as excited as before.
I doubt tesla will ever accept dogecoin. The coin gets pumped and dumped with ease, so its not going to be good for them. And the fact that Elon manages to exert influence over the price of the coin might not be good for Tesla. Elon knows its a meme coin and he is just mocking those pumpers. I am sure he laughs every time he sees the price rising as soon as he says something about dogecoin or tweets about it. And the last tweet about dogecoin was an April fools tweet I guess. The amount of money he would have to spend to send bitcoin LITERALLY to the moon is absurd lol. His jobs have caused many people to lose money indirectly. The crypto market is very sensitive and needs to grow naturally. I don't agree with what he does. I think it should be terminated.
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An investor has a lot to do, a lot to read and be very well prepared in terms of knowledge and money before their investment. There is a lot of pressure on them because they have used their money to bet in a position. They may lose their money. I think investors will have a simple lifestyle because they have focused their money on investing.
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Elon Musk is an interesting guy. He gave a lot of information about Dogecoin but in the end his company bought up to 1.5 billion USD for Bitcoin. If one day Tesla accepts the Doge coin, then I believe he bought the Doge. Doge was up 20% yesterday after his Tweet. Doge had risen too high in the past because of information from Elon. This will end soon as the community is so accustomed to it and they will not be as excited as before.
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The solution is to have a cryptocurrency project capable of wrapping Bitcoin or Ethereum and we can pay comfortably without worrying about the high transaction costs. I am expecting Solana or Lamden to do this in the future. We should not worry too much about this issue, in the future payment service providers and users will be able to tailor-made products to suit everyone's needs.
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Altcoins are well worth investing in projects with clear content and goals sponsored by organizations or with a team of programmers who are competent and persistent with the project. Many altcoin projects have fallen into the past, so investors need to know how to take profits. I recommend investing in many different projects to minimize risk if possible, participate in the ICO to get the best price. Participate in an ICO on a bull market for a good return.
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I think it will be SC's turn, maybe in April, May or June. Old cryptocurrencies always have a sudden and unexpected direction. Watch TRX, XLM or XRP break the resistance line and start a new bull cycle. All altcoins will come to their point if the community supports them. The Bitcoin domain is declining and Crypto Cap has surpassed the old ATH. April onwards will be the time for altcoins.
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I have observed the Korean market and noticed that the crypto projects from this country have failed like BOSCOIN, ICON and many others. They only develop for a while and abandon the project, most of them do. Their market was heavily exaggerated in 2017 and they went silent afterward. Income tax on cryptocurrencies in this country is also too high. I prefer the US and European markets because they have a slow and serious development with their projects. They tend to hold for longer than pump up and discharge like the Korean market. Look at Korean exchanges like Bithumb, Upbit ... the cryptocurrencies listed above these exchanges are pumped up to hundreds of percent. Coinbase, Gemini, Coinlist, Kraken or Bifinex look very stable and clean.
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Bitcoin and Gold are two different assets. If we talk about potential, Ethereum is more promising, but the risk is also greater when there was a time when Ethereum's value went from 1500 $ to 90 $. Gold looks more stable when it hasn't dropped below $ 1000 since it crossed the $ 1900 level in 2011. Personally, I will split it into two equal parts to keep gold and Ethereum. Gold will help me store my value more stably and I can easily sell it without worrying about slippage if it falls in price. Ethereum will be the risky asset I will invest in, now people take Ethereum to stakes so the downside risk has been reduced compared to before.
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Ethereum allows for a more decentralized and secure network. Right now the cost on Ethereum is higher than that of Binance Smart Chain, and that doesn't actively encourage everyone's trading. There are currently many projects under development on Binance Smart Chain. I believe that in the future there will be more projects choosing Binance Smart Chain compared to Ethereum. Costs on Ethereum need to go down because it's too high, not for everyone. That goes against Vitalik's crypto claims.
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What are your Top Crypto Picks for April that you think have massive potentials? Or maybe your top 5 coins that you heavily invested in.
My picks were Monero, ALGO, THETA, PUNDIX, and DIVI coin... This is my potential coins. Might add some NFT tokens sooon!
Out of the cryptocurrencies you are talking about me, I find ALGO the most worth buying and holding since it is a good cryptocurrency project. ALGO is capable of creating smart contracts similar to Ethereum, and they will launch their NFT. ALGO is a quality project that was listed very early on by COINBASE. This April, ALGO is likely to see strong growth.
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I think we should work flexibly and arrange easy things first and foremost and spare time. Important tasks take more time. It is necessary to arrange them in a sequence depending on the level of importance and time required. To be effective you need to write down your notebooks and stick to them so that you can finish the progress faster.
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The banks are on the same side as the government and they will find ways not to collapse. Look at Goldman Sach launching a service offering Bitcoin to their customers or Paypal offering cryptocurrency payments, they are looking for ways to add cryptocurrency to their services. That will help their business coexist with Bitcoin and cryptocurrencies. They have tried to drown cryptocurrencies in the past but now they have changed their choices.
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Paying employees with Bitcoin is fine, but they will have difficulty converting them into cash. Currently, the transaction costs of cashing out at Bitcoin ATMs are too high and annoying people who are paid in Bitcoin. Bitcoin should be an investment of their savings rather than a means of daily payment. So paying a salary in Bitcoin is not good in my interpretation. I wonder if the US government allows them to do that.
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Paypal is embarking on cryptocurrencies to avoid losing their brand value as most big businesses have jumped into this market. Providing electronic money payment services will help the crypto market expand and retain value and liquidity in the long run. I'm thinking about the long-term uptrend of this bull run in the crypto market.
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People blame bounty hunters for dumping them, but the fact they don't do much will affect a project in the long term if it is good enough. I look to 2017 and there are many bonus projects like Sinxthetic (SNX), Swissbogg, Pundix ... The value of these projects has not decreased but also increased a lot. High GAS makes bounty hunters unable to sell their rewards because they are not worth the amount of ETH they spent moving them. Hunters receive fewer rewards now than in 2017-2018 so I don't think they are a big concern for any project.
The collapse of projects is the issue of supply and demand in the distribution of the project's tokens. There is no need for tokens to hold the project's value. Bitcoin devaluation and the holders of ETH selling them out when raising an ICO is also the cause of the collapse of the entire crypto market.
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There are currently over 10,000 cryos on the market and most of them are trash. Those are inactive projects. I suppose valid and valuable cryptocurrency. Only good projects deserve attention.
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This cannot happen because Bitcoin cannot implement smart contracts. Next thing Bitcoin is not scalable and possibly congested at any moment. Bitcoin technology is old and not as good as being decentralized.
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Many exchanges allow USDT to be circulated in their exchange. USDT supports many different blockchain platforms so I prefer it to BUSD. Although USDT has many scandals in the past, things with this stable coin are doing very well right now and it has the highest transaction volume and capitalization of any stable coin I know. In this bull run, it can be said that USDT has many merits because every time Bitcoin falls, Tether continues to print USDT.
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