Let's clarify something also here. As what people believe that burning tokens for a particular coin will always result in a bullish or good for the price. But for me, it's not always true, especially on what the project is all about. Maybe for the short term, it is bullish, especially when they first announced it to the public. And addition, we should also identify the amount percentage of tokens they burning to the total supply.
I already saw a lot of tokens that got token burning but at the end, REKT.
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This is one of the disadvantages of using centralized exchanges. To be honest, they can do whatever they want especially manipulating the market and deny it to the public. This is one is an example. But we are still not sure of it what happened. They will do or said all to protect their image and platform.
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With all these altcoins popping everywhere, it's difficult to find one. But my suggestion is to select first a number of altcoins you are interested in. Start picking on top 50-100 market cap altcoins, and rank them base on your taste or basis. Or try also to look at trading volumes of different altcoins, it will help you to select which is bullish.
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We should also consider the Bitcoin dominance here. With all these altcoins started to popping everywhere and huge pumps happening, it makes Bitcoin dominance decrease. As you experience when Bitcoin dominance below 50% last May 2021, it starting a hard time to stay above 50% again, even a few weeks ago Bitcoin dominance tried to break 50% level but failed, that's why we are seeing altcoins pumping everywhere.
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I don't find any good reason for buying MicroStrategy stocks because they got Bitcoin on their Balance Sheet. MicroStrategy stocks are far different from just buying Bitcoin. You should buy MicroStrategy stocks for other reasons too, not just because they hold Bitcoin too. If I will answer the question of buying MicroStrategy stock instead of Bitcoin, I'll go buying Bitcoin alone because it's where I believe on. And for me, it's risk that they are on debt just to buy more Bitcoin.
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I am thinking that if the bitcoin continue to go up to $100,000 and above. it will be expensive for the poor people to invest. It will be for only rich people. It will be better for bitcoin will not go so much high so that it will be affordable to everybody to invest and have profit.
I will like to read and learn for everyone here.
You don't need to buy a whole Bitcoin, you can buy as little as 1$ if you want Nobody is left behind when we talk about crypto. +1. Sats (Satoshi) is the key here. We all know that Bitcoin got 8 decimal places and the smallest unit of Bitcoin is called Satoshi or some calling it "Bits". See? It's how perfect Bitcoin is created, it is for everyone, poor or rich. I believe that no matter how much Bitcoin will become expensive in the future, there are still people willing to buy it and spend it.
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(.....) Why Internet is called Internet or Why facebook is called facebook Only Satoshi Nakamoto knows why he named "Bitcoin" as "Bitcoin BTC". There is no need to debate why this name is better or why he used this name. Yeah, but the "Bit" on Bitcoin is already given to, computer. Take a look at the last part of the first post, it was explained why Bitcoin, and I believe it is also the reason why Satoshi Nakamoto called it Bitcoin, not another random name, it has a reason. More important here is the use of Bitcoin, to be honest, the name is a different thing.
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It's happening, the virus is spreading. El Salvador country is a role model in terms of Bitcoin, I believe neighboring countries or other parts of the world will start also to roll more Bitcoin ATMs. This is one of the many ways to spread about Bitcoin, more ways to get Bitcoin will help Bitcoin grow, more users.
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Able to control or manage your emotion will help you too to make you stick to your plan, like in trading or investing, you have a goal like a price target for a specific date or time, then if you stick with it, you may be able to achieve your plan. Cryptocurrency is extremely volatile asset, that's why your emotion here is also your enemy.
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Futures is a gamble. (....)
If futures is a gamble, the spot trading is a gamble too. The only difference is one is more risky than the other
OP look at it this way 1. Spot trading - Less risky but less rewarding too 2. Futures trading - More risky and more rewarding if win right. The question is are you willing to lose more money or even liquidate your account in case things don't work out in your favor? Because you must always look at the risk more than the reward. There's a lot of difference between spot trading in futures trading. It's very advisable that if you are a newbie in trading, it's much better first to try spot trading, or you can try futures trading, but in very small leverage, we all know how volatile crypto is so using high leverage for every trade is high risk.
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Let's just say we will not able to see again below $20,000 for this year, I believe on it. With this huge market cap and volume of Bitcoin already. It's already tested when we drop below $30,000 a few months ago and Bitcoin just keeps bouncing above $30,000. It is already a sign of how strong $20,000 levels. What I am looking forward to until the end of the year is a sideways will start around the last quarter of the year.
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That's too risky, I don't recommend borrowing money from lending firm or from banks, because you had no assurance if investment will go successfully. (....)
+1, this is a crazy idea, this is like you borrow money just to gamble it. It's very risky even which angle you will see. Famous sayings about investing especially in cryptocurrency are "invest what you afford to lose" which is exactly right, you borrowed money to invest in it, so it literally means you can't afford it to lose.
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Most people who don't believe in cryptocurrency or telling it is a scam are the same people who don't have an idea what is a cryptocurrency, they don't know how it works that's why. Trading is also a different thing, but trading in some different markets and in cryptocurrency is almost the same, same technical analysis. And if you are really committed into something, like trading you will always find a ways to learn it.
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Some people here don't really get what I want to know. I am curious what is the cause of pumps not what Solana is, we already know Solana is fast and has cheap transaction fees. What I am looking is somehow news or some data or feature/update that cause a massive pump for Solana. But thanks for all who answered.
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I enjoy staking because I literally understand how to go about it and I also realize it would add up more than just holding, so I prefer to stake to just hold.
There are lot of advantages of staking and just hodling, one of the disadvantages of staking is prone to hacks, your funds depend on the platform which you staked your funds, even though most of the crypto projects right now are open-source, there are still holes in some projects even how quality it is. Hodling disadvantage is could be less ROI, since you just hodl it and you will just wait to increase the price of the token you hodl. That's the only downside, but it's safe if you hold your private keys safe, then you are the only one who accesses your funds anytime. And some staking has a feature that is locked, which they have a specific time when you can withdraw it.
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Not all undervalued coins are worth it for investment, or they have something potential for a huge pump. What I observed on investing with undervalued coins is you may get a huge percentage or ROI, but then again it's not 100%. It's still risky. Calculating the supply and market cap is also a good idea, undervalued coins with good market cap is the best.
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Would you sell the casino tokens you hold for a long time that the price could posssibly go up this bull season or keep the casino tokens that shares profit of $1.20 a day?
This question is like an investment question. And the answer is also the same with other altcoins or Bitcoin, "I hold Ethereum, should I sell it or hold it?" For me, it will basically be up to the project, as their goal in the future, how they are working, and their tokenomics, if it's good for the long term or short term. Kinda more fundamental, or even you can use technical analysis here.
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Oh, Elon Musk again. To be honest, with these kinds of statements by Elon Musk, its kinda some troll especially using Dogecoin, and keep saying about these, and as far as I remember, there is a lot of humor before that there is a team that will work on Dogecoin and improves something on it. If ever this is legit, I don't know what to happen as Dogecoin created at first just a meme coin and forked of Bitcoin.
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I am curious for what could be the reasons why Solana pumped hard a few days ago?
If you take a look, in just 14 days, Solana is up 100+%, 7 days is 77% as of now.
I own a small amount of Solana and already tried this network. But yeah, I am curious what could be the reasons for these pumps?
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This is one of the best ways to do it if you want cryptocurrency or Bitcoin, by just simply doing this, it is already a huge help for adoption. People who will see this poster will be curious what is "cryptocurrency" and they will start to research it. Some people may say this is not effective or they will laugh on it but I believe small things matter.
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