Most times, I used to think that probably before anyone joins the crypto space, the person needs to purge himself from greed, because it is obvious that greed is the main reason why many people keeps falling into the hands of scammers, because these scammers have come to know that, once they are able to entice the person with mouth watering offers, they are likely to get or scam the person. There are many scammers like that in telegram and takes one who is enlightened and contented to be free from them, the clear truth is, scammers will keep advancing their tactics and the best way to avoid them is to ignore their messages on telegram. It's good you were able to identify it is a scam and I hope many others will learn from this.
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That's your thoughts but Bitcoin is more than that and it has grown more than that. First, we are humans and as such will have different opinions and approach to things, bringing it down to the crypto space, people will decide what they want to do with their Bitcoin, some will prefer trading it and others will prefer holding it, also some shops might accept it and convert in order to keep their business running when taking into account volatility issues while some will still get it and keep, hence the reason I said, people have different opinions. Also, talking about stablecoins, they can't be the future of cryptocurrencies because they offer no value, the price is fixed and hence whatever you hold is what you get in the future, but in the case of Bitcoin, those who held earlier this year are in massive profit, thus is it appropriate to say Bitcoin is the future of the crypto space. Lastly, businesses are already using Bitcoin because of its peer-to-peer system in order to remove any payment issues and restrictions, hence it is still being utilized properly.
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There have been many Defi projects where only but few developers really knows what it meant to work on a project at the same time, there will still be upcoming DeFi projects where also few developers will be willing to make a positive impact in the crypto space. What I am trying to state is that, the space is already saturated with Defi projects and hence the team of any upcoming one will need to offer more to investors through working products and so on, hence giving them the idea of how serious they are. Nevertheless, I will check out more on the project and know what makes it different.
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The reduction in supply always lead to more increase in price, that's the main idea of Burning a token. Also, most projects have different forms of token burning, wherein a purchase in their product leads to token burn, at the long run reducing the supply, in the case of others, the team will set out a time to buy back and burn their token. Nevertheless, what I have come to understand is, without no good use case, without appropriate working product token burning is just waste of time, at least there are many project in that category, that no matter how much of their token the team burn, the price is still struggling. However, my humble opinion is, the team should put in more effort towards adding value to their products such that, the token burn will lead to more increase in price.
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so if the most of the eth holders will reach to the point 32 eth will the ethereum price will collapse`?
When there is a halt in supply of something, it create huge demand and that leads to increase in price, so in essence, if more people are holding 32 ETH for staking, it will lead to more demand and that will push up the price of Ethereum, that is to say, rather than collapsing, Ethereum will only be increasing. From another perspective, Ethereum has grown so much that it cannot just collapse, for it be the top altcoin till date confirms the fact. In the same way, Ethereum team are such a team who are always working on improving their blockchain, this will also add more value to the coin.
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Ethereum is one of the good old coins and has been increasing in value ever since, also unlike before when Bitcoin pumps and Ethereum dumps, a careful look at the market nowadays has shown that with Bitcoin growth, Ethereum follows as well and when Bitcoin dumps, Ethereum follows as well, that is to say, Bitcoin controls the market a lot. Furthermore, the possibility of Ethereum pumping by 2021 depends on the market, no one can adequately state when it will happen, but once the market is in good shape and Bitcoin is taking the lead, Ethereum will pump as well.
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Most team only saw the DeFi trend as a means to develop and make money as well. Nevertheless, Binance team are not behind WING, but ontology team are, thus WING just leveraged the Binance launchpool to achieve their aim of kicking off the project. Also, talking about how big it will be depends on the level of effort the team put in and their commitment towards it, but since the team are already experienced, maybe WING will be big. I don't know much about the project, hence if you want to invest, study the idea and know what the team intend to do differently since there are many Defi projects already.
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Ethereum price has started rising again. in recent weeks, Ethereum Price has shown some Volatilities. One analyst, last week said that Ethereum might reach $800! it was a shock due the price's volatilities and after a week we have seen that it stayed about $ 450. today another analyst said it is gonna hit $ 500. However nobody know what is gonna happen, the second forecasting seems more logical to me. as of now, from CoinBazar724.com, Ethereum Price is $464.03. What do you think will happen to Ethereum price?First, Ethereum is the top altcoin and hence once the market is good and Bitcoin is growing, it will follow as well. About these predictions, you just have to be careful with the way you follow them, $800 can be achieved at the same time, it might not be achieved, that is just how the market works, many predictions won't just work, hence be careful of they way you invest. Lastly, talking about the Ethereum price in general, if the bullish market continues to next year, with the growth and attention it has gotten already, then there is every possiblity it will reach $800 or even more; this is just my opinion and with the volatility of the market invest carefully.
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Hello
I heard that steve wozniak ( co founder apple ) launch his token, its named WOZX. After i visited the website and read a little bit about it. This token is for reinveted energy efficiency. I my self have no doubt about wozniak skill. But i need to know from this community.
Please give me any though about it.
I didn't follow much about this project hence I don't know much, but I wish to comment on the aspect of the team. Now in the crypto space, we know that, almost all the good developers of most top projects all had platforms they worked with before coming to the crypto space, and it is through this way they were able to gather the neccessary knowledge and idea which sets their crypto projects apart. Now with this brief, I think that, for such an individual who worked with apple to come into the crypto space, it means he brings something good and as such will try his possible best to retain his integrity; hence my general thought is, study more about it and find out what they will do differently, ask them questions on your curiosity, this will direct you on how to invest.
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Monero is a Privacy coin, founded in 2014 and some people call it " Improved version of Bitcoin" its price didn't see much action till 2017 but in mid 2017 t0 2018 its price went up from $12 to @494 when it got popularity as privacy coin. The current price of Monero is around $120 which is the highest of 2020. Keeping in view the Technological developments it has gone through and Hype in crypto market, it is possible that Monero will break its ATH record.
During 2017 to 2018, things were different as there were little privacy coins but nowadays they are much and each of them are trying to offer services which will bring more users to them, this means that, there is now divided attention among privacy coins. However, talking about the price of Monero, I find it hard with predictions because I am yet to see anyone that meets the target people predicted for it. Moreover, asking about the ATH, the difference between current price is somewhat higher hence it think it will be hard to break it ATH this year, but if the bullish trend continues to next year, and the team committed to their goals, then there is every tendency it will cross it, but for now, lets allow the market to play everything out.
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It's funny how people finds it easy to say many predictions as if they are in the future or knows what will happen in the future. Even most predictions "experts" made for Bitcoin and other top coins was not achieved and now someone is saying 10000x is possible with an altcoin (HEX), what's even the guarantee to that? I understand and clearly get that, it is good to promote whatever project you believe in but I don't think it makes sense to exaggerate on predictions because you don't know what's in the minds of the team and you can't predict the market. My suggestion is, let everyone invest in whatever coin they want not because of predictions but because of what they find within the project; predictions hardly works out in this space.
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The title says it all basically. The DEX competition is HUGE, so many projects seems to be competing in this field. The first DEX on the market was Blocknet, pretty decent DEX, but there are so many out there. What do you guys think? It is really hard to say or suggest because this space can't be predicted up to 90%, before now many people used to regard IDEX as the best DEX wherein they also have good number of users, liquidity etc but after that KYC of a thing, many lost interest, the question is, who would have thought it will get to such level with IDEX. Therefore what I am trying to point out is, I can say this particular DEX or that will be huge in 2 years from now, and by next year one thing might lead to another and the DEX will start declining in all ramifications. Hence my own thoughts about the case is, use whatever DEX you want to achieve your aim at the meantime and whichever team that are ready and hardworking can continue being at the top.
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To an extent we experienced a somewhat good altcoin season but I believe many people's expectations were not met, how? Before now when we hear about Altcoin season it is being seen as a season when altcoins pump, but nowadays what we experienced is an altcoin season that was limited to a certain number of altcoins and this certain number was mainly top altcoins. Hence, my humble opinion is, with the anticipation of altcoins growth extending to next year (if at all it's possible), let it be known that a lot has changed and no one is ready to invest in altcoins with no use case, top altcoins has taken the stage and it's likely to remain so.
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Ethereum is the best altcoin and will continue being valuable, however, although I value Ethereum and hold it in high esteem, yet there are some risks that are not worth taking, in my own opinion. It is quite alright to invest a huge portion of funds into Ethereum but I don't think it is wise investing everything, this is just to diversify risks. Therefore in my own opinion as well, investing 40% for Ethereum is good, while Bitcoin takes 40% and the other 20% I can spread or better still Invest in other altcoins like XLM and ADA.
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How can one even think of such price for XRP, it is too much and hence it is impossible for XRP to achieve such price, not next year or even in the next 10 years; yes we know the crypto space can not be predicted, but even at that, we ought to know that it is very hard for some predictions to even work out when taking everything into consideration. Also, from another point of view, Ethereum is still retaining its position in coinmarketcap as well as being seen as the best altcoin because the team are always working on improving the platform, therefore with constant development it is definitely hard for any other altcoin to surpass it; the more other altcoins develop, the more Ethereum develop as well.
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The good DeFi projects are just few in number. Also checking most DeFi projects that are coming up now, you will hardly see those that are ready to make an impact, that is, what is flying around are just Defi projects with little to nothing to offer, some just look like they are a twist of what is already existing and which is the reason a good number of them are struggling to grow. However, the early Defi projects are still trying their best to maintain their developements but others are hardly doing anything which of course continues leading to lack of attention from investors and further decline in price. Therefore, replying to the topic, in my own opinion, most upcoming DeFi projects should be thoroughly studied before investing in them, because as Defi hype is going down fast, most upcoming DeFi projects would only be struggling to even launch or even when they launch, they might not last long.
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Everyone have the right to invest in whatever coin they want, but however, they can be pointed towards the right direction by encouraging them to carry out their own research, but even at that, a coin we might find worthless would still be a coin another person will value, what I am trying to point out is, it is right to state your opinion towards a coin, but you can't tell anyone what to do with their money. Nevertheless, this coin is still very much around, have a good volume and marketcap and currently occupying the 6th position in coinmarketcap, that is to say, for that coin to be in such position means the team are doing something good, and if really it is a pump and dump coin, it would have gone down in rank or will find it hard maintaining top 10 rank on coinmarketcap. Lastly, next time have a good proof and reason as to why it is not worth investing in, on why it is a shitcoin and why it would dump to zero.
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In my own opinion, this involves a lot of factors; first ICOs are hardly heard of nowadays nevertheless the ones that seems to come up are hardly worth it. However, after thorough study of an ICO and you find the idea worthwhile, the team experienced enough and the community active, then you can give it a shot, but even at that, endeavour to invest what you can afford to lose, because many ICO that looked good still exited scam. On the other hand, if you have enough funds, I suggest you spread it over Bitcoin and a potential ICO, this is because, unlike ICO in which the future is uncertain, Bitcoin is already valuable and trustworthy.
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Before talking about the market growth or bull run during 2017 and that of this current one which everyone is anticipating on, there is need to understand that, both era are different, that is, hype played a very major role then with most coins pumping hard but nowadays that won't be the case, that is, it will be based majorly on use case or working product. So talking about All Time High by 2021, I think only few altcoins will experience this and from your list coins such as Ethereum, Binance Coin and Cardano, also I think some Defi projects with good and working products will likely experience it as well, but might not be that huge. On the other hand, most altcoins with little to nothing to offer will only keep declining in price because there is every possiblity that investors will dump for a more better option or altcoin.
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