of the top 5 cryptocurrency on coinmarketcap, then we will see that only the price of XRP has not risen very high and reached the new ATH price, because ATH price of XRP is $3.84 on Jan 04, 2018 (3 years ago), so I am sure if now is the right time to buy XRP, because I think the price of XRP will increase very high and create a new ATH price (such as BTC, ETH and BNB), then of course you will get a big profit from investing in XRP at this time.
When the price of dogecoin hit 0.07$ many people ask this type of question, is that the right time to buy dogecoin? when it hit 0.2$ they asked the same questions. No one can say for sure when what will happens in the future. So if you think the future of XRP is bright then buy some of it when hold. If it goes down buy more and sell when the price recovers. This way you can hold part of it and trade with part of it. This way you will be benefited by trading and holding at the same time. |
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Several people especially newbies are often displeased whenever there is a dip in price of crypto currency assets. But the truth is that it is only during the dip market that you can go round exchanges and confirm that you buy orders (orders placed at low price) has been filled. If you love the pump, please learn how to appreciate the dip too; as a matter of fact, train your mind to use every dip to your advantages.
Remember that any coin can and will dump; but it may not be down for too long. Always do your research too.
What does everyone thing about the dip? Kindly share and lets learn together.
Newbies displeased and panic when the market dip because they use their whole funds when entering into a trade. So when the market goes down they do not have any funds for repositioning and end up being panic sellers. Successful traders always love the dip because it gives them a better chance to make a good entry to the markets. Ups and Downs in the markets are essential for a trader. |
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Alot of traders who hold valuable tokens with good value are hesitant to sell when in need because of the longer term, but it is wrong. Sell a token if you are in need or have needs for funds and have it at the back of your mind that once you are back in shape, you are buying the tokens back to keep your long term vision alive.
I always have this type of thinking in my mind but the problem is when I try to rebuy most of the time that coin price goes higher than where I sell them. This happens often that when I sell my holding for some time price of that coin goes up after I sell them. Also doing small trade than holding is a good option I think. Hold part of it and trade with some part. The market won't go straight up it will flow like a wave. |
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So, big centralized exchanges becomes bigger and more centralized. The bright future of decentralized cryptos
people like to use a centralized exchange or wallets because they can transfer funds from their bank accounts there more easily. I do not know is there any fully decentralized platform like uniswap offers this kind of service. As long as we can not use crypto without the use of banks it can not be fully decentralized. At some points, we must pass through any centralized authority because fiat is the one we use at the end, not crypto. |
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What is the purpose of (fiat pegged) Stablecoins?
In many countries you need to pay taxes on profit you make when you exit crypto to fiat. Stable coins are still crypto although they are valued same as fiat. So you dont need to pay any tax. That is the bigest value of stable coins. But to use crypto in daily life, users need to convert their crypto into fiat because most of those transaction goes through bank were tax implemented. this is why I think it is quite good right now, that is the only reason, one person used it, then shared with others and that is the only reason it is so big now.
Not only usdt every new project needs to have a strong backup and good marketing. Good marketing is the key to the success of a new project and that's what happens. Many exchanges offer USDT pairs against other nonstable coins and people started using heavily USDT because they have no other choice but to convert their assets to USDT to convert their assets in the time of fluctuations. |
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I prefer to struggle in the long term on Bitcoin and Ethereum to store and invest. I always avoid buying coins/tokens from ICO projects because some tokens are worthless in the long term and tend to be thrown away when listed in just a few hours
Early investors and presales and private sales are the most profitable in the crypto industry. Now our crypto industry is matured and it is not so hard to identify and scam projects. So just use your knowledge and time before investing in a new project. BTC is good for the long run but it will minimize your chance to increase your portfolio when the new project can give 10X to 100X in few months. |
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Sometimes when a coin pumps hard and starts to dump, novice will panic sell due to fear or other reasons, while the whales will buy up the dump and mop it all and then pump it even harder.... So don't always panic sell, be in control of your emotions, although it isn't easy, but with practice you will perfect and master it.......Every new trade is a journey and a new destination...... Always dyor
What do you think about this circumstance ? am i overthinking this ? share your views.
It's a well know strategy of whales. They manipulate the market by dumping it then pump it a little bit then dump it again. Many new panic traders sell their holding fear of missing their book profits. I have learned very good things in all these years and that does not panic when the market is dumping and always book some profits to make a reentry. |
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Ever since the "De-Fi" craze began on 2020, Binance Coin has been on a constant uptrend in price. It went all the way from nearly $20 to just $500 in a matter of months. Binance has done a good job in promoting its own currency, resulting in massive adoption in the mainstream world. The world's largest crypto exchange owns "CoinMarketCap" so it has all the tools to make BNB a huge success. With near-zero fees and near-instant transaction confirmation times, Binance Smart Chain (which powers BNB) could become the "next Ethereum" in the crypto/blockchain space. Vitalik and his team better hurry up on scaling Ethereum before it's too late. With how fast BNB has grown lately, it could flip ETH sometime in the future. What do you think? Is Binance Smart Chain the "New Ethereum"? Or is it too early to tell? Do you think it will replace Ethereum sometime in the future? Are current prices sustainable in the long run? Your input will be greatly appreciated. Thank you very much  BNB is eating ethereum market share. BSC just took the initiative of the problem of ethereum network of high gas fees and offer a new project with a better solution with their new BSC chain which costs very low gas fees compare to ethereum. At the same time price of BNB is rallying up and made more than double its previous price. Ethereum just got a hard competitor. |
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What do you guys think about this?
It's nah for me. Waste of phone's energy and battery life span. Pi is a phone app trying to monetize and has over 13 million users.
Does these 13 million users is a legitimate stats from minepi? and are these people have anyway to sell their minepi tokens? Pi don't use your phone's battery or CPU power to mine. It's just a pre-defined amount set within their algorithm that you get after specific time duration. So it doesn't cost you anything to mine Pi. I used to mine Pi earlier but now they have started showing their true colors. Everyone will have to comply with their KYC rule to withdraw and use Pi token. Which is really absurd so I am not using it anymore. For a token which is not listed in the market and doesn't require a dime to mine, complying with KYC can be a costly mistake. It's just an overhyped project which got so much attention but still failed to use this initiative. They even use Adsense to their mining app to earn some money which is funny. A well pre-planned project won't do this also as you have mentioned about their KYC. This coin is not tradable but they have implemented KYC right now which is suspicious. |
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Are we been lied to about DeFi projects getting hacked almost every months nowadays? What do you have to say
Everyone is pulling their rugs here. This is not the first time we have seen it though, 2017 was the real big start for projects to suddenly pulling out exit scam and then hackers laying their eyes on crypto because of the huge amount of money involved here. Probably it's becoming a joke, so it's either investors move away and choose not to be the victim, or people are going to take the risk. It's their choice. When many new Defi projects are introduced day by day then it's widespread that some of them being hacked or rug pulls by the dev. It's not possible for everyone to check the security measure that has been taken to prevent any hacking activity. So be cautious about any new Defi project or do more research about the protocol they are using for security. |
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ব্লকচেইন নিয়ে সম্ভাবনা অনেক রয়েছে, কিন্তু কোন ধরনের ব্লকচেইন সেটি আগে ভাবতে হবে। কারন জুনায়েদ স্যার এর আগেই একটি কনফারেন্সে বলেছিলেন, বাংলাদেশে ব্লকচেইন প্রযুক্তির অগ্রগতির জন্য কাজ করবেন কিন্তু বিটকয়েনকে বৈধ করার সম্ভাবনা কম। আর একটি বিষয় হলো,বাংলাদেশের কিছু আইটি ফার্ম আছে যেগুলো প্রাইভেট ব্লকচেইন সিস্টেম দুবাইকে প্রদান করে থাকে। আর ব্লকচেইন অলিম্পিয়াডে আমিও অংশগ্রহণ করার জন্য শাহজালাল ইউনিভার্সিটির এক ভাইয়ের কাছে পরামর্শ চাইছিলাম। আর তার কথা থেকে আমি যতটুকু বুঝতে পেরেছিল, বর্তমানে এসব অলিম্পিয়াড হচ্ছে প্রাইভেট সেক্টরগূলোর জন্য এবং সেটি প্রাইভেট ব্লকচেইন নিয়েই বলা যায়। তাই আমি এখন পর্যন্ত ব্লকচেইন নিয়ে লেখা খবরগুলোতে তেমন আশাবাদী না যে, বিটকয়েন খুবই তাড়াতাড়ি বাংলাদেশে বৈধ কিংবা রেগুলেশন হবে। অন্যান্যদের মতামতের অপেক্ষায় রইলাম।
আসলে ব্লক চেইন নিয়ে কাজ শুরু হলে বিটকয়েনের দিকটি অটোমেটিক উঠে আসবে। ব্লকচেইন নিয়ে যখন ভালোভাবে কাজ শুরু হবে তখন অবশ্যই মানুষ বিটকয়েন সম্পর্কে আরও গভীরভাবে জানবে বিটকয়েনের বিভিন্ন পজিটিভ দিক গুলো সবার সামনে উঠে আসবে। তখন হয়তো দেশের সরকার কিংবা সরকারের উচ্চপদস্থ যারা আছে তারা বিটকয়েন নিয়ে নতুন করে ভাবতে শুরু করবে। হ্যাঁ এটা সত্যি যে অনেক দ্রুত খুব ভালো সংবাদ আসবেনা, তবে একটি নিয়ে যখন কাজ শুরু হবে তখন অবশ্যই ভালো কিছু আমরা আশা করতে পারি। অনেকেই ব্লকচেইন বলতে শুধু ক্রিপ্টো বা বিটকয়েন কেই বুঝে অথচ ব্লকচেইন টেকনোলজি আরো অনেক বিসতৃত এবং দৈনন্দিন জীবনেও ব্লকচেইন এর অনেক ভালো ব্যবহার করা সম্ভব। নির্বাচন স্বচ্ছ করার জন্যে ব্লকচেইন এর ব্যবহার খুবই কার্যকরী এবং অনেক দেশে এটা পরীক্ষা মূলক ভাবে ব্যবহার শুরু ও করা হয়েছে। বাংলাদেশে ব্লকচেইন নিয়ে কাজ শুরু করলে ক্রিপ্টো নিয়েও সরকার কিছু না কিছু পদক্ষেপ নিবে বলেই আশা করি। |
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সরকার বৈধ করুক আর নাই করুক, ক্রিপ্টোকারেন্সির ব্যবহার বাড়তেই থাকবে কারণ এর সুবিধা অনেক রয়েছে যেটা পেমেন্ট সিস্টেমগুলো দিতে পারেনা।
আমি একজনকে দেখলাম crypterium এর ডেবিট কার্ড ব্যবহার করছে বাংলাদেশ থেকে। কেমন রিস্ক আছে এক্ষেত্রে?
সরকার বৈধ ঠিক ই করবে যখন দেখবে সব গ্লোবাল ই-কমার্স সাইট গুলো ক্রিপ্টো ব্যবহার করছে আবার ক্রিপ্টো এর মাধ্যমে ইউ এর দেশগুলো বড়ো বড়ো টাকা লেনদেন করছে তখন তারা এর থেকে tax নেয়ার চেষ্টা করবে। crypterium সম্পর্কে আমার কোনো ধারণা নাই তবে ক্রিপ্টো তে বাংলাদেশ থেকে খুব ই বড়ো ট্রানসাকশান না করলে সমস্যা হবার কথা না। police , rab যারা ক্রিপ্টো দিয়ে জুয়ার সাথে জড়িত তাদেরকে ধরতে তৎপর। |
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How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
Everyone has their own opinion. In general who has enough money to overcome their difficulties is rich. But what I think is who is satisfied with their life is rich. This is very subjective for every people so many may not agree with me. But trust me you will find the answer if you look at what do you need? what do you want? and what do you have? |
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When I first introduced to the Polkadot project one of my friends said that AVAX is better than Polkadot. What do you think about it, AVAX is really better than polka dot because Polkadot is considered to be a good alternative to the ETH network. Also what could be the value of AVAX at the end of 2021? It already touched 60$ per token which is much higher than the ATH of DOT.
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Last night I sent tokens from my personal wallet to exchange, and it cost me $50. I'm also waiting for a low fee to unstake my liquidity pool. Hope there is a solution for this all.
That fee showing in OP is for claiming bounty rewards for DEGO. Actually, the smart contract that was created for claiming DEGO was ended early so later on anyone tried to claim their rewards it shows an insane amount of gas fees. These insane fees are because of the fault of the smart contract, not eth network. Till now a transaction can be made below 50$ which is also high but not as high as shown in OP. |
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If you put all of your money in an overhyped or shit project and thinking that patience will give you benefits in long term then you have the wrong mindset. If I had patience with my BTC holding from 2017 then I already made more than 25X by this time. So patience is everything but you need to choose the right project for that.
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It is very interesting how elon musk attract plenty of newbies to the crypto community by posting crypto related topic specifically about dogecoin. And because of this hype these new in the crypto industry become always be the loser because they tend to get FOMOed.
There is plenty of good projects but I wonder why he is creating hype about dogecoin. Dogecoin is already overpriced and it's a dead project. Even its dev leave this project long ago. With such a huge supply elon pushing its price so hard. If some other celebrities were doing this then I would say he has been paid to do this but I do not know why he is shilling this shit project. |
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Bitcoin is not eating gold. Instead it reflect the gold.The price of bitcoin over a period increased some high.Now the price of gold also increased to next level.Many people who holding gold over decade had sold gold at highest price and make use of that money to buy their home.This growth only happen in bitcoin and it's now happening with gold.
Actually, it shows what the community wants. Gold is a very precious metal that has been used for transfer value from the past. The price growth of bitcoin is higher than bitcoin because young people like to invest in bitcoin rather than gold. If you check the past 10 years' chart for both of them then you will see the difference in price growth and that is the reason the young generation wants to invest in bitcoin to be rich very quick. |
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Indeed, bitcoin is decreasing but I don't think there will be many people who will assume it as bearish sign. The dumping price a lot doesn't mean its price will crash, that is the important part that you should know.
A healthy correction is always necessary for stable and long-term growth. That is what is happening with the price of bitcoin right now. Only smart and strong hands will measure the situation correctly and will have patience. Technically, I see the chart pattern will give a bad sign but that's not a guarantee, the weekly candle will be formed three days left and there is an opportunities to change. But you have to see the monthly candle, the bullish sign is still strong, so I just predict that bitcoin price movement is still bullish for a long term investment.
BTC breaks its ATH so there is always a psychological resistance around 60k. Many people will try to book profits here but there is a chance that BTC will cross 100k this year very easily. People and the community is very positive this time. |
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As usual, too many people are just missing the point out there. It is only for the community to decide if Bitcoin is legitimate.
If people want to exchange their goods with crypto then govt must accept it as a legitimate currency. Actually, govt has the power to ban any certain thing if they think they can not control it. They think it's too risky and they can not control the outflow of money if they allow cryptocurrency for the transaction. It will enable borderless transactions which will not be beneficial for the govt. |
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