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Hi OP, I see that you have made this post, and you also made another post related to trading.
I suggest you read the suggestions given by the members here, there are many.
The most important thing is that you must learn at first, learning about crypto, the coins that are going to trade, and also other analysis for trading. It is complicated and not easy, that is why you must learn hard for this, then continuing learning by doing after having basic knowledge
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Both are meme coins.
Both are using hype to pump the price.
So far, I still don't see any significant fundamentals on them. I like taking profits from them, both DOge and Shiba. But I am not willing to make them as a long-term investment.
This battle is likely other similar type cryptos that is competing for each other.
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There have been many members that gave responses, hopefully, OP can be here soon.
Btw firstly, so sorry to hear that.
But, once the Bitcoin stole, it cannot be turned again, moreover, if they are hackers/ someone who gave you malware, or even someone who really want to steal your Bitcoin.
There are some possibilities, moreover, if someone else knows exactly your electrum data.
I know that losing it is very bad, feeling sad, and also it is very pity to lose 0.5BTC, but once more, you cannot have that again
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Most of the coins in this article are top exchanges in Coin Market Cap. I am sure that it will be better to check on the coin market cap or CoinGecko because we can also check their movement, data, and also other sources to analyze. |
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Nobody can predict the future accurately. But in my opinion about these: •Bitcoin replacing Banks.
It will be very difficult and seems impossible because banks are under the control of the government and also world banks. And they will not let it be. •Robotics replacing Man-power.
It may also, and it may be not fully, but most of us, well, and I am wondering and imagining like the movie with robots  And about other probabilities, they may be possible, but of course, they will face difficult and hard problems, obstacles and challenges. Because sometimes they will be dominant, not replacing all. Because every country may have a different culture. And maybe there will be other types of new future again |
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For my opinion for this,i want to answer neutralized,if one country not accepted we say it illegal,but a lot people using and invest hiding thay they can easily to earn and shared to other people because still a lot of people searching where they can invest ,and where ,they can earned and learned.
If they will accept Bitcoin,in our country i think,people will be decided to join to invest,transaction will be fast to additional income,while others need to study what is easy way to protect and be safe when they can apply.
If the country stated that crypto is illegal, of course, it will be illegal. And all activities about cryptocurrency will be very limited and difficult. We may still be related to cryptocurrency by using a global exchange or P2P exchange. However, we can get some risks on it moreover if the country is very strict to the regulation of crypto. IIn my country itself, crypto is legal as an asset of commodity and illegal as a currency. As long as we don't use crypto as a currency, it does not matter. |
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- Your country
- You as an individual
For a country like mine, Bitcoin is only an asset and can't be a currency. That is legal as an asset but illegal as currency. It has been stated very clearly and strickly in our law in the country. So, there si no chance to be a currency in my country right now. But for me personally, it can be also a currency if we want to buy something, but of course, it must be outside of my house because there is not even a single merchant that accepts Bitcoin in my country |
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I am not really sure about the long-term investment for altcoins. But at least, I will choose BNB with its good use cases at elastin their exchange. Additionally, I will also look for a new project such as TKO from my local exchange, that is like BNB from Binance. TKO is from Tokocrypto in which Binance also invests in this exchange.
And about other altcoins, hemm I am not sure for the long term. How if taking profits at a certain rate to minimize the risks?
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It's a big inspiration for me.
Trading is risky but if we do the right thing, strategy, and emotions, trading will really make us many profits. Many people also have proven this.
I personally also have enjoyed some profits from trading. But it is not as big as yours. Turning $200 only to $20000 is a big profit. We know that it may be not easy for you moreover at the beginning. However, we also know that some people may be inspired by you, but some only focus on the profits, not the process that you have done.
Good, really great inspiration.
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higher transactions, crowded transactions, increasing-price of ETH, and all tokens, will also give influence to the gas fee. Because most people will be transferring their tokens or Ethereum coin to exchanges and willing to sell them. That is why the transaction is very crowded and needs a higher fee in order to fasten it. I also hate the way ERC20 tokens have very high fees, moreover more than a hundred gwei.
That is why many new coins use Polkadot or BSC platform that has a lower fee.
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The team is the basic that we must know, moreover if the team has good track records or one of them has it.
If the item is new enough and they are likely fake, just don't choose them because it is too risky.
Additionally, we must also consider the real use case of the token or coin. If the coin or token is too good to be true, it may be suspicious why it will be very perfect to see. But it will also depend on the fundamentals and also real products that are commonly make sense and logic to happen in the future. They must also have a clear roadmap in order to conform with the project development and its progress.
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I never think that stop loss be a challenge, I just set it because I need it to manage the loss and also risks that I am probably getting while trading in the future (mostly).
And about trading in spot, I only a few times also using SL, moreover if it is a good or top coins, I will prefer to wait for increasing price. But once more, it doesn't mean that never using SL for a spot. Sometimes, it is also good to use SL because I want to manage the funds in order to ensure to lose small and then get another chance in another trading
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What would happen if everybody wants to exchange for a real money?
Just do it as long as you want fiat for your daily life or certain necessary. f it is so good why there is a need for exchange rate to the real money?
Cryptocurrency has some purposes and fundamentals. Everyone wants to change to fiat or money because they need it. And many people are trading them so that they can take profits. As long as they still have a good market cap and volume, they will be worth even we are always exchanging to fiat again and we will also buy more coins again to take profits. |
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Actually, we can find some kinds of websites comparing Binance and COinbase and also other exchanges comparisons. As long as we are not supposed to click on any suspicious link, send or transfer any money, or invest in certain projects, it is no worried. They are comparing exchanges. And this is very normal and usual to be done.
We can search on Google for more infomration.
And sure, Binance and Coinbase, both are top and reputable global exchanges, nothing to doubt about these two exchanges.
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There were certain conditions why Elon Musk chose Doge to pump at that time and now he seems like leaving DOge. And we don't know whether it will pump again because of him or not. But at least, Doge at that time is there because of the tweet from Elon Musk.
However, right now I heard that the DOge team has been added and they have much better team members. It may lead Doge to be much better again. But let's see because it is still ongoing and we still don't know the results. Just be wise and careful when there is a sudden pump price on this coin and also other hype coins.
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Because crypto is like life, there will be always problems in our life, so does cryptocurrency.
Actually, this is not a new issue. From the start of crypto creation (Bitcoin), there are some problems that must be fixed and this needed a longer time.
And the following altcoins will be also facing similar conditions.
We cannot ignore the problems. There are many FUD that are spread with certain interests and goals from certain parties.
There is also hype spreading to create certain goals.
And there are also pump and dump conditions in the market.
All of the problems may be created intentionally or not. But in fact, all problems will give a certain impact on the crypto world after that.
Just be wise and smart of any problems that are faced by the crypto world.
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Some predictions state that the bullish trend will rise up again in Q4. And now is the beginning of Q4. It may be starter, mate, there may be another bullrun again. But, of course, still watch out for the market because the crypto market is absolutely unpredictable. Moreover, if there is FUD again against Bitcoin from strong countries or popular figures or companies. And now, Bitcoin itself has risen up more than +20%, awesome |
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Which is easier in making a profit, riding with the hype, or waiting until the price will dip?
It's quite difficult, but for me personally, making profits. I mean that making profits can be done every time we have a chance, in bearish or bullish, if we are consistent nd can read the graphic, at least we can take profits even small by small. We know that sometimes the price drops very immediately, but we have CL or SL feature to be used to minimize the loss and get another jump from trading other coins. This may be very risky, trading is very risky, but we can continue by minimizing the risks with whatever that we want to be committed. But sometimes, I am also holding some coins in order to hold, taking profits at higher prices. |
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This is actually not the fault of crypto, but this kind of scamming system already exists even in daily life with fiat.
It is about scams, not being aware of someone to be more and more careful when doing transactions will only offer high risks. Moreover, it is about big money, how can it be just that kind of carelessness?
This kind of incident, although the mistakes of the people, will influence other people to think again that crypto is bad because of the scams. Whereas fiat is also sued for scamming people more than Bitcoin. This is not fair actually, but news can spread this bad news all day long very easily
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