BTC's dominance is decreasing.
Yes, you're right. It's always like that in that case. The whales would always turn back to btc after making some sweet profits. This is the time for those altcoins and the money is with them.
But after that, you know what's going to be next. Things will return to btc again.
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Gas fee had dropped a lot unlike a few weeks ago. The standard fee is around 25 gwei which will validate an ethereum transaction within 5 minutes or even earlier.
It’s laughable, because despite Ethereum’s fast confirmation between blocks, and its miners deciding how large the blocks should be as limited by Gas, it’s fees still have become very expensive. I believe it’s a hard lesson that maintaining in blockchains, and for it to incentivize itself to work, there has to be “cost”. Yeah, I would agree with that. There's really the side effect of taking that quite high cost that needs to be incentivized for the sake of miners but it's exciting once it's go on full pos. Thanks, data for both sites differs.
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I will never know where I am for the next 5 years. But if God allows me to live, then I will happily join the crypto space because the crypto space is so extraordinary.
You're just going to join the group of crypto investors after 5 years? that's a long time to decide if you're already in the forum. Does that mean that you're in the bitcoin forum but you haven't invested yet in bitcoin or any cryptocurrency that's visible in the market? Well, if that understanding is right, you should be able to buy as early as you can. Don't wait for 5 years just to invest.
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The next thing is that bank accounts are already encrypted in our bodies through a microchip. It's going to be scanned wherever you go and whenever you're in a transaction.
This isn't a new tech anymore because there were already that have started this to happen. The one that I've watched was it's already being done and applied with a bar.
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Gas fee had dropped a lot unlike a few weeks ago. The standard fee is around 25 gwei which will validate an ethereum transaction within 5 minutes or even earlier. Whilst for a bitcoin transaction, a low priority transaction will cost you an estimation of 24 sat/vb as per https://mempool.space/
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You need to analyze first how to trade.
My low price might not be low for you. My high price might not be high for you. You can start your trading on Binance with a small amount. And if I understand your question about knowing what happens.
When you buy when bitcoin falls, that's the good time to buy.
But when you buy when bitcoin rises, that might be also a good time for you to buy because another addition to its rise might happen. However, most likely buying during the rise or the peak is not the strategy of most.
Many are buying during the price lows of bitcoin but these times, it's difficult to know about it.
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I see many that everyone agrees on doing a research (which is undeniable) but were trying to help each other here, I’d love to know what do you think the main points of a research should be taken into account? Approximate holding times, etc.
Research in a way that you need to know if the altcoin that you're investing is worth to take the risk. If the teams are very much familiar with the project that they're working and if they're working hard on it. There is no one that has been involved in any of scams before. Holding times depends on your goal, it could be for a week, a month or for years.
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The bitcoin forks, mostly they are. There are bunch of it.
And those that are pump and dump tokens that you can see from time to time being shilled on different groups. I'm starting to see another one which is being treated like Doge whilst on its early stage.
You'll see most of them on different swaps.
I made some cool money from BCH, the coin that many underrated simply because it's a bitcoin fork, few weeks back everyone starts saying it's over for BCH because it's not showing any bullish sign when BTC was surging but today things are different, 1000$ isn't hard for BCH, I'm not against any coins unless they are scammers projects, I'm ok with any project that can give me profits so how ever people feels about them is none of my business It's also like an airdrop for those early holders of bitcoin. But the price of it hasn't reached the ATH that it has made. $1k is a good price but it's not the only fork for bitcoin. There are many of them that really can be said as useless coins but if you get significant profit, you dump it. How much you've made with it?
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Never used hotbit but if they have that much affected users and the funds are safe, they should remind all of their users that they have to change password.
The hacker won't just delete a database, they can take it before deleting it so they should remind their users that if some unknown and suspicious email comes to them, ignore it.
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The bitcoin forks, mostly they are. There are bunch of it.
And those that are pump and dump tokens that you can see from time to time being shilled on different groups. I'm starting to see another one which is being treated like Doge whilst on its early stage.
You'll see most of them on different swaps.
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At this start of this year, there was a lot of hype about how high the price of bitcoin will get, some speculated that btc will set a new ATH of $100k before the first half of the year is over, others before the first quarter of the year.
Those are speculations, you have to understand that everyone is only giving their thoughts and estimation. This However has not been the case. We just passed the first quarter of the year and btc has not even gotten to $70k yet.
That's fine, there's no need to rush. Why look at the bright side that bitcoin within just less than a year, it's been up to $64k as the newest all time high. Do you still think $100k is still possible before the first half of the year?
I want to see it go but why ask if you know that bitcoin is volatile.
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~snip~
beginners have not yet found themselves as traders, so they just follow what is directed. It will be difficult if they get advice from other sources which have a different analysis, I think at that time they will be confused about determining steps. but it is all a process I agree that it's all a process and they'll learn it overtime. Whether we classify them as a newbie and not yet a trader, they'll still be going that way and soon they will be the ones giving advises to others. Sharing those experiences that they've made, good and bad ones. Just like us, we knew how to deal with it when we've gained knowledge and experience and decided whether to remain as a trader or just be a plain holder. If we don't give up easily, we always have a chance to correct our mistakes, slowly we will learn but we need to be aware of fund management as that's the most important thing. We start small then slowly if we feel we are already becoming consistent, that's the time to increase the capital. It's okay to be aggressive but should be at the right timing, timing when you already are experience and more knowledgeable on what you are doing. Yes, in that process, those mistakes that we did before will be corrected and will be avoided easily because we have experienced it and we have an idea how the outcome would be if we're going to correct those past mistakes we did. From passive to active and suddenly it goes through all the process. That's how it goes when you're trading, you fail in the beginning and probably in the midst of it but if you have the guts and wants to continue, you'll learn from it. But if there's really no hope, just stay being a holder.
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Yes I'm currently looking for altcoin to trade and ihope you all can recommend which is crowded because they're saying it's good if the coin has a bunch traders coz the process is more faster such buying and selling..unlike other coins that seemed stagnant and has a possibility to become stuck up for long term. I'm now at the market actually staring to some altcoin.. I hope you can suggest even a new projects at least it's more on volatility That's right, coins that are highly traded are those top altcoins. Should you invest in altcoins, you check coinmarketcap or coingecko and check all of those high rankings altcoins and use that as your reference. Click each of those page that you see and see how much volume they have within the last 24 hours.
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There are other payment methods that you can use, if your bank keeps stopping you for purchasing bitcoin and hardware wallets. Look for another method that you can use.
Maybe a guy near your local is into crypto and has no problem purchasing these, you should have a deal with him and do the favor for you. Make sure that you know the guy and you trust him so, it's like a P2P deal.
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Binance CEO, CZ, is definitely one of the smartest and most hard working CEOs.
I think when a project becomes successful, we will always have that definition for those CEOs and people involved in that project. He keeps launching more new products and features to Binance. With rising profits and added power of quarterly BNB burn, it will keep going up.
It is because he has to get always on the trend and he saw the fall down of other known exchanges before because they didn't go along with the newest trend. But with his Binance, he understand that it needs to be done for them to keep on the track.
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Congratulations on your purchase through bitcoin. This is a positive experience for you whilst the others, they're pointing out the negative which is a fact about the fees.
Everyone is free to do whatever they want with the bitcoin they hold. It's really meant for payments but this time due to the fees, it's getting harder but that's not it, we have lightning network which is not yet popular but time will come that it will.
So true ,because with time even the fees will be reduced as more medium of exchange will be introduce into the market to cause competition it will thereby lead to reduction in price charge But the fact that it's made for it won't change. It's just that the time has changed a lot this time and its use haven't decreased yet became more conventional due to the situation that it's dealing with.
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It is said that Facebook has been holding Bitcoin for some time and they are getting ready for making an announcement about it. But still there is no news regarding it. I wonder if it was just a rumour.
No validation and confirmation from Facebook itself. It will remain as a rumor if that news is only coming from the media but not from them. But who knows if there really is an insider which created that rumor and it tends to be true. Anyway, keep that as a rumor until they will speak about it.
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Very true. Remain humble and low key as much as you can. But you can't avoid those people who really are close to you that will ask for your crypto profits and wanting to have an idea. You choose whom to talk seriously about crypto. Don't talk to random strangers that would ask you about it because they can attack you with a wrench anytime at their will. Stop posting on your facebook about cryptocurrency
I did this long time ago but I talk seriously to my closest friends and relatives about it whom I know the attitude are fine to disclose about crypto topics.
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~snip~
beginners have not yet found themselves as traders, so they just follow what is directed. It will be difficult if they get advice from other sources which have a different analysis, I think at that time they will be confused about determining steps. but it is all a process I agree that it's all a process and they'll learn it overtime. Whether we classify them as a newbie and not yet a trader, they'll still be going that way and soon they will be the ones giving advises to others. Sharing those experiences that they've made, good and bad ones. Just like us, we knew how to deal with it when we've gained knowledge and experience and decided whether to remain as a trader or just be a plain holder.
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I don't trade a lot these days because I see that every single time, the market's fluctuation is higher than before. I'm sticking to my plan and that is to hold.
The no brainer strategy that has been so effective for everyone who doesn't like to trade at all from time to time. No need to exert that much effort into it yet very profitable.
Higher market fluctuation/volatility also causes more losses for plebs like us. It’s not just a few plebs, MANY people in the forum, I believe gave up trading to HODL. It’s a more feasible strategy for us, the plebs. Let’s accept our plebness, and just HODL. Yeah, I've accepted that already long time ago and it's always been the best thing ever that I've ever decided. HODL is the key and there's no need for any strategy to be built as you hold. But for those that are liking to trade, it's fine as long as they know how to manage the risk that each of their trades have.
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