There are a lot of bases if you are saying "trading's best coin" But one of the bases I believe that it can be considered as a "good to trade coin", is the trading volume o course, if you for me as a trader, it is always much better to trade on an active market (a lot of buyers and sellers). So, exchange platform also matter here, lot of exchanges that got very low trading volume and some exchange got lot of shitcoins listed so beware.
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(....) HOW MANY CONSECUTIVE LOOSES IN TRADING CAN YOU HANDLE BEFORE YOU ACCEPT THAT YOUR CURRENT TRADING STRATEGY IS BECOMING LESS EFFECTIVE?
Hmmm, I am not really basing on consecutive losses since sometimes my risk: reward ratio for each trade I do is different. But if ever all same risk: reward ratio and trade size, more than 10 consecutive losses will become less effective, since I have a small position size for every trade I do. That's why capital preservation is extremely important when we do trading.
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Of course, many big investors think that Bitcoin will exceed $100k. But I don't think Bitcoin will become a legal currency in the coming years. However, Bitcoin is the world's largest business And the personality is being recognized as an acceptable currency.
I am not sure about what are the basis on how a particular currency/cryptocurrency will be a legal tender. El Salvador country already made Bitcoin legal tender. So for me, if ever we will reach $100,000 in the future, I believe the volume on Bitcoin is extremely high, but I am not sure if the volatility is still high if ever we will reach that price, for me it will become less so for me it could be another reason why Bitcoin can become a legal tender.
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I want to ask questions for those who already tried or have knowledge using the Ethereum network, especially in Metamask. When you speed up your previous transaction (updating the GAS (gwei) ) just to speed up the transaction. My question is on the transaction fee I paid, Do I double pay the fees? For the first transaction (initial transaction) and the second one (speed up transaction)
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You can avoid been in such situations by simply listening to the advice giving of not investing money that might be needed urgently and secondly always securing profit to help in situations like this incase they araise when you're in that tight spot (having a bad trade). Take notes of this advice and you'll be one step ahead of the market.
Securing profits is one of the best moves ever. I don't think so if not taking profits makes you a trader. This is one of the most mistakes by traders, especially newbies, they don't have a plan, where to take profits or stop loss. Cryptocurrency markets are extremely volatile, we all know. So, if we manage to adopt it, it will make us more comfortable, and will have fewer panic moments.
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+1. This is one of the best example or scenarios, active bitcoin address right now is different from previous pumps of Bitcoin, this time active address is extremely low (dumped hard) compare to previous pumps/dumps of Bitcoin. This could be a reason also that mempool is empty or transaction fees are cheap.
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Top confirmed? I just remember a previous bull run that when some celebrities/popular person starting to enter Bitcoin, dumps happened. This could be a "buy the news, sell the humor". But I don't disagree with Gene Simmons about Bitcoin. I do not just agree on "all in" to Bitcoin, since we all know what is/are the risk of Bitcoin.
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The only risk that we should worry about is the risk of bitcoin going down at a really erratic pace, that's the only risk in my opinion that we should worry too much about because it's going to affect us directly especially if we have a lot of investment.
The price of Bitcoin going down is normal now. The market decides, and Bitcoin price going down sometimes is also good, it makes the market healthy, not all time going up only. Take note that there are already a lot of people using Bitcoin, some selling it for something and some buying it. It can be considered risk, it will always.
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So bitcoin will remain if there is demand that will push the price to go higher.
Does the price really need to go that high for it to remain? I believe it's a talk of volume as the price is somewhat ok within the range of $40k to $60k. If the price rises so high above $100k, it might scare many who will think it's too late away. The price rises as more and more people recognize it, and it will be higher in the future.In the future, satoshis will be used as the unit, so it seems that the price will be'not high'. It is expected. Basic demand and supply. Bitcoin for me is the extremely perfectly created currency with preserving its value. It greatest invention of the century for me. Bitcoin is created just to go up only. And I am very positive that even government can't take down Bitcoin.
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Most of the popular gambling platforms these days got almost the same odds, they could be somehow a very little bit higher or lower compared to other platforms. So, I am suggesting to go for most popular, easy to access from your country, with no restriction and easy to use.
But speaking of the odds, I can relate it somehow if you really strict with it especially there's a huge gap. But yeah, comparing most popular gambling platform is easy.
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Not all cryptocurrency with burning plans is always bullish. @ololajulo got a point, check always the tokenomics especially if they have these burning plans but look how huge their supply is, it's still no use if they have burned but don't matter at all because their supply is high then the percentage of they planning to burn is extremely low. Lots of already cryptocurrencies that already got rekt even they have burning plans.
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I just want you to know that My Defi Pet is still not Play-to-earn (P2E) now, they still working on it, it's on their roadmap that you can earn soon, you can't even sell your pets right now or any things that your in-game items will turn into some cryptocurrency/money.
You can also add cryptozoon, I just heard that they are already P2E games, which at the same time also pays to play.
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I think the "buy the humor, sell the news" event flipped this time. As what in crypto always happening is when there's a huge event, a coin is pumping before the event will happen, not on the exact day, but look what happened on Ethereum, the second largest cryptocurrency. Ethereum got more percentage gain in 24h compared to Bitcoin.
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Polygon (MATIC) is a sidechain of Ethereum. I am also a fan of Matic, I already tried this network, a good alternative for Ethereum especially few months ago until now when Ethereum is extremely clogged and got high transaction fees.
Speaking of the price of Polygon now for the long term, I am still bullish for Polygon long term especially if Ethereum will still get a problem in scalability, even after the London upgrade, the transaction fees are still high so, Polygon is still a good alternative. I am waiting for L2/Sidechain craze, I believe sidechains will perform very soon, especially with the help of Ethereum. $5 is very easy once the all-time-high will break.
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Like me, others here will also agree that Tron is one of the best cryptocurrencies if you want to save in transaction fees through CEX exchanges. It is also quite fast and can be for payments between two wallets. (.....)
Yeah, their TRC20 USDT withdrawal for most of the exchanges is kinda the most useful thing in the Tron network, I am not a fan of Tron at all, it's just their TRC20 USDT withdrawal for exchanges. These kinds of airdrops are not only on the Tron network, there is already lof of them like this, especially on ethereum network, binance smart chain, and other networks.
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5 years ago I heard about Bitcoins some feedback are good but some of them are negative
Untill now In my country if you say/discuss about Bitcoins expect that their response are negative. (....)
Almost 90% of those people saying negative things about Bitcoin are those people who are no knowledge about Bitcoin like they don't even know how Bitcoin works. It's become a normal opinion these days. We also can't blame them, since if that's their opinion or what can say about Bitcoin, so be it. What we can do these days are to educate those uneducated people about Bitcoin, we can help the community.
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Glassnode has a few interesting statistics about whales. (.....)
Another alternative here is CryptoQuant[https://cryptoquant.com/]. But these kinds of platforms is on-chain analysis only. So we can't able to see what's happening inside the exchanges. But I believee that there are still some whales using the chain to make their move, like manipulating somehow the onchain analysis so they can have better trading position.
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This can be considered a piece of big news, adding an additional mode of payment for buying Bitcoin on the centralized exchange will expose more buyers, more methods, more options for people to buy, so we can say buying Bitcoin can be more accessible and convenient for some people. This could be also a trigger for some competitors of Coinbase, especially some centralized exchanges that they will start adding additional mode of payments too.
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Let's not too be comfortable now. Try to zoom out the chart and use a higher time frame, mid-term to long-term basis. I am more bullish for midterm to long term for Bitcoin, if Bitcoin will not close below $40,000 on the last day of this Month, $50k - $60k is easy, high possibility to see a new all-time-high next month or two.
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Yeah, some people too are using "institutional investment" for some FUD or fake news to manipulate the market. That's how huge money is in the institution, but let's not also ignore the retail investment, it could also drive the market even if retail.
So always verify when you read or head in "institutional investment", they can use it for negative or positive effect.
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