I just believe the market can do without central exchanges and that's because decentralized exchange has been becoming popular recently and this started after the Defi trends started becoming more popular.

The overall volume in the market will drop but decentralized exchanging will gain more attention and developers will start competing with themselves to develop the best decentralized exchange that'll be very convenient to use.

You might think the exile of centralized exchange will be bad for the market but it might be the other way round which is, it might just be what the market needed to build more a decentralized community.

During the period when you saw Bitcoin pumping leading to altcoins pumps was because we were in a bull market so everything rises. In bull markets there's so much money moving into the market so every project benefits.

But now we're in a bear market so everybody is expecting a dump soon. It doesn't matter if the dumps has happened previously but there's always an expectation of the next one coming so everyone is careful.

Investors are only investing in strong project like Bitcoin at the moment, immediately when the bear markets ends you'll begin seeing altcoins pumping double of whatever percentage Bitcoin pumps.

Before I decide to invest in a project, I always make sure I understand the token economy of a project. I don't just look at the circulating supply but also consider the maximum supply of the project.

Some projects has a total supply but no maximum supply which means new tokens can be printed whenever they want and be introduced into the market. Coin like dogecoin has an infinite amount of supply.

As for circulating supply, unless the tokens are locked for a very long amount of time, I won't be comfortable if the circulating supply isn't upto 30% of the total supply available to the market to trade.

All this memecoins only became popular after dogecoin was a success so if dogecoin didn't explode as it did then they won't have come into existence. Those project weren't even developed few years back.

We only had one memecoin which was dogecoin so all this other memecoin are just benefiting from the fame of dogecoin, people are only investing in it with the hopes of getting similar gains of dogecoin.

This kind of behaviors is common in the market since lots of project comes as a result of the success of similar project in the same section. We won't have had layer 2 project if polygon wasn't successful.

Everybody buys altcoins because of the promising future they have, only a few  truely goes for the product that this altcoins have to offer, the Rest are just there to profits from been in early.

You aren't alone, we all are here for the money. Bitcoin is gold but altcoins are diamonds and the more you have the higher your chances of pickings the right altcoins that'll receive the attention to pump.

Altcoins has more potential than Bitcoin and that's why we all invest in them. Many fail to reach that potential because of so many reasons but the few that finally reaches that potential, they make lots of investors rich.

Stablecoin has been collapsing lately so I'll say you stay away from any project that has a stablecoin and that might even include Binance because the federal government has been going after them too.

Avoiding stablecoin related project isn't a bad plan at the moment, we can never know which one is next to go down, USSC drops from $1 trading price few weeks back and its future is uncertain.

BUSD has also recieved some heat and the fed won't be backing down any sooner, they'll fight Binance with all they got just to make sure the hope of cryptocurrency dies but they won't succeed.

It's never safe to keep your money in banks or centralized cryptocurrency exchange. Both the banks and the exchange are no difference from each other. They both can get compromised very easily.

Always store you money in a way you'll be incharge of the money at all time, with cryptocurrency you can use stablecoin that are well established and store the money in your private wallet.

Same thing can be down with cryptocurrency that you own, been incharge of your coins is far more safer than any banks or cryptocurrency exchange like Binance, it could collapse at any given time.

I love memecoins because of the potential they hold when you're lucky to invest in the right pick that gets the community attention and get hype into incredible returns as doge coin and shiba inu did.

Memecoin are best invested in the bull markets, they're so many of them that it'll be very had to predict correctly which one gets to pump when the markets starts becoming green which is why you don't invest now.

I don't have any favorite, I can invest or dump any of them at any moment because I know they have no value outside of the exchange platforms. I try not to get attached to any of the memecoin in the market.

Altcoins will die but new ones will always be invented since we have greedy people among us as creators or investors that'll always want the new and pumping trends as such they'll be scammed regularly.

Altcoins are any other cryptocurrency that aren't Bitcoin so Ethereum will always be an altcoin. There's no other description for what altcoins are. You can divide them though into coins and tokens.

In this case you can then classify Ethereum as a coins since they have their own blockchain and native token meanwhile other projects that operates on other projects blockchain are called tokens

You have two choices, you can either keeping holding and they fall further without any hope of pumping in the next bull market since not all altcoins that are trading now surfer to next bull market.

Or you sell then now to Bitcoin and be guaranteed when the next bull market comes that you'll be among those that'll profit since you're buying Bitcoin now at its bottom and will sell them high next bull market.

The bull market will be happening very late in 2024 after the halving event of Bitcoin blocks or in 2025 like we saw it happening in 2021 which is exactly one year after the previous Bitcoin halving in 2020

Many short term investors has regretted selling their coins very early. We have investors in Shiba Inu, Dogecoin, BNB, Ethereum, etc regretted for taking profits when this tokens first got a ATH.

Just recently people regretted selling Sandbox, Polygon etc too early as if they had held on in, they'll be in huge profits that could have retired them for life and that's why many don't want to sell.

When they see stories like this they become afraid and don't what to have the same stories as this people that regretted selling too early. You should be realistic with your investment but also patience.

One thing you have to consider before crowding Ethereum as the king of altcoins is that Ethereum was the first smart contract project that came out and I think it was as far back as 2015.

Ethereum had a head start as others began coming out years later and most of them have to passed through Ethereum to become established as a cryptocurency so how then can they compete?

Ethereum is the king of altcoins, if something was to happen to Ethereum, majority of the altcoins in the market will be affected. Apart from Bitcoin, Ethereum should be the next coin to buy.

This is self explanatory. When the time comes and people would choose cryptocurrencies than fiat, the economical status of the country basing it in fiats and traditional finances will be different.

Yes, generally and technically people in the country could have more funds within their digi-wallets. But the numbers that will show on the statistics the government have will decrease as expected.

Well, I don't think government would ban it the same way as gold was banned. It's going to be different than that and more secured soon. Specially people today are more educated than before.

I can actually tell, this is not very much surprising. We've been here since then and we know that Bitcoin always have these types of corrections and we know how to approach it properly.

For me, the best thing that happened in Bitcoin was the fall after the Bull Run last 2017. If that didn't happen, the Bitcoin isn't here today. Bubbles could have been occurred that could have damaged the reputation of Bitcoin massively.

Now, with all of the institutions coming in, the cryptocurrency will soon have another correction we need to be ready with. But this time, this would clearly impact us positively. 

Even with the last issue he had with us, we all can tell that his statements or future statements will still have impact with our decisions.

We couldn't change the fact that Elon Musk has all the resources needed to know better than us. His payroll is massive and connections are too much.

Bottomline is, Elon Musk still have the power with cryptocurrency market if he would choose to influence still. I just hope that soon the next thing he would do would positively impact our cryptocurrency market.

The thing is, all of the instruments in investing are risky, even though the risks have been set as low, there are still chances and reasons that would make you go broke.

And if that's the case, then why not go with the high-risk high-reward game instead? It would be the same anyway.

I never regret that I am currently in this community and support Bitcoin since then. And the investment I had before is now growing and rewarding me so I will agree with this.

Yes, Bitcoin is somehow a force that isn't really clear yet to push as a force with great impact to majority. Bitcoin is almost a currency used from online RPGs but is improved/developed.

However, the development it has is not considered as a force that would replace/disrupt the current once. I think it would need to mature at least 10 more years to become one.

For now we can actually wait and support it to push to the next level. We will soon get there. The moment Bitcoin is accepted all over then congratulations to us.

Even the creator Satoshi Nakamoto won't recommend people to have Bitcoin be considered as a safe-haven asset. Bitcoin's price is too volatile enough not to be considered as one.

I don't think this was expected by the creator but now, Bitcoin went up dramatically. It only means that there is a chance that people would get disappointed when it drops. And this is a fact.

The increase of Bitcoin is not just remarkable, it was insane. People were only expecting it to increase at least 100USD per Bitcoin. But never though it would go this far. But then, this is actually a good problem.

Looking forward to Bitcoin's development in the next 5 years.

One thing is very much clear here. China will never accept Bitcoin as their they don't see any advantages to it.

It's simple and no-brainer. China won't use something created by their competition. They take it as a threat and you cannot blame them from that. I think his statement makes sense. But it doesn't apply to everybody. It only applies to them.

We the enthusiast doesn't need to consider their statement as their opinion is for their goods and not ours. So I think, we just had to respect their decisions and perspective with Bitcoin and do our stuff. That's the best thing to do here.

El Salvador's statement sounded like a rebuttals to Elon Musk's tweet. I can see that El Salvador's doesn't really mean to publish him using renewable resources to mine Bitcoins. It's only because Elon Musk acted to make Bitcoin fall and influence the price.

Mining using renewable resources has been there since day one. Consuming electricity energy from the distributors are also pain in the arse. That is why people would prefer to do renewables. That's a win-win for them.

This is an issue that can be easily resolved. I don't think this is something this threatens people but I think they had to do something about it.