Buying 'wants' isn't really necessarily bad when done from time to time. Just instead of using your investment money into buying 'wants', probably have a small monthly/annual budget allocation for it so you won't need to get the allocation elsewhere.
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I don't have the data, but I assume the selling pressure is going to come from Grayscale once again. They've unloaded a good amount, and we don't have an idea how much more they need to dump because of their holders dumping GBTC.
I wouldn't short though. Just too much uncertainty.
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Generally telling people in general that you're into Bitcoin/crypto is bad enough, but it could be far worse when talking with the authorities lol. Make this be a lesson to you because even if you're totally innocent, they can throw random allegations at you if they wanted to.
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People will have better access to bitcoin without needing to create a crypto exchange account(positive for price), but at the same time people will have better access to shorting bitcoin(negative for price). In the end, it pretty much means that it could make bitcoin more efficient price-wise; but it definitely doesn't mean that it'll stop being volatile — because it will very very likely still be.
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Here's a sample. You can quote my post to be able to see how it works, and you can probably just edit it for your liking. Name | City | Occupation | John | Miami | Student | Mike | San Francisco | Engineer | Ryan | Hawaii | Investor |
Note: Formatting is quite tricky lol I remember getting headaches trying to format the spacings and stuff in the past.
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Look at it, i advice it for everyone. This coin is really fast PoW. That was considred to be impossible. That's why PoS appeared. And now that we have fast PoW i hope all pos trash dies.
Cryptocurrencies didn't move/use PoS because of speed, they used PoS because their users didn't need to use huge amounts of hardware power, but mostly rather internet bandwidth. A perfect example being Ethereum — it didn't speed up with their switch from PoW to PoS at all.
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1. When using centralized exchanges, use the bigger, well-known ones. 2. Do a lot of background searches on social media when using any platform that involves depositing your own hard-earned money. 3. How the heck did you not realize that a website named "bccrypotc-b" isn't a scam?
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Kaspa isn't the only cryptocurrency that has levels of similarities with Bitcoin.
But do you know what these cryptocurrencies don't have? Actual decentralization that could survive a nation-state attack.
Bitcoin's decentralization: no leaders Other crypto's decentralization: multiple leaders
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I expect that whatever most people thinks will happen, won't happen — or at least wrong in terms of timing.
Personally I still think we would pump(as most people do), but it might take longer, or it might need a decent dump first. The markets always has a way of humbling people that thinks they know for sure how the market will move.
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I don't think we can assume bottoms in the near future until Grayscale sells whatever amount of BTC they need to sell. Safe to assume that they've been a good chunk of the sell pressure we had since few days ago; and the selling should continue on Monday.
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Obviously, the Michael Saylor chair meme was mostly (I think, at least) a joke as it's taking things too far. You just need to have a perfect balance between not spending money unnecessarily, but at the same time not depriving yourself too much of comfort and quality of life.
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Meme coin, alt coin can be bought by everyone i.e. those who have less money and who cannot afford to buy bitcoin. But those who buy it often get greedy and lose everything. Greed should be avoided. Before investing in these coins, one should think a lot and withdraw only if there is a small profit because there is no trust in them. I would say it is better to save money and invest in bitcoin. If you understand the value of money, I hope you will think before investing in this coin.
There is no such thing as "cannot afford to buy bitcoin" but can afford to buy memecoins and altcoins in general. Bitcoin is very divisible. The only instance where a person "cannot afford to buy bitcoin" is if you literally living paycheck to paycheck.
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I don't think there is anything to research much about the project beyond the community support when it comes to meme coins. Everyone who throws some money into the meme coin wagon with the hope it would become the next Doge, Shiba Inu and etc but we never know until it happens so memecoins are nothing but gamble.
It's mostly just checking some minor metrics — number of holders, social media following, number of mentions on Twitter, that stuff. That, and it'll come down to gut feel — how highly likely do you think that that certain memecoin can reach virality? The latter part is where most people get it wrong, hence why there are a lot of people that lose money on trying to guess the "next big thing(memecoin)".
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DOGE, SHIB, and SafeMoon was yesterday's memecoins. Today, Solana memecoins became quite hot — BONK, WIF, etc.
Memecoins can be GREAT buys when at the early stages of bull markets, as they can go up in huge multiples real quick. The difficulty is in picking the right memecoin, and setting sell targets as to not roundtrip the entire position.
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Though multisig is great, you don't even need to go as far as using multisig.
1. Trezor/Ledger hardware wallet 2. 24-word backup only stored physically(not digitally on your computer/phone) 3. Don't get scammed or phished
That's it. No need for overcomplication.
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The thing is, you can't apply that advice to every position. Some assets are meant to be held long-term, while some assets are meant to be shorter-term trades. But since you're saying this in the Trading Discussion section(which is more towards trades than investments), then sure.
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tl;dr is that there are pros and cons to having a Bitcoin spot ETF. But regardless if the pros outweigh the cons or vice versa, there's really nothing we can do, right? Bitcoin is permissionless and is both for your closest friends and for your toughest enemies.
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It totally depends on the buyers and sellers on the exchange. Bitcoin or a certain coin/token is more expensive on exchange A than on exchange B because:
1. One exchange might have better liquidity(hence better, more accurate pricing) than the other 2. Someone recently made a huge market buy(or sell) on the exchange, hence suddenly prices are more expensive(or cheaper)
Note: an exchange having more "expensive" price doesn't automatically mean it's better to sell on that exchange. It will heavily depend on liquidity and market depth.
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Depends? What portfolio tracker are you using? On the CoinGecko portfolio feature(and I assume it's the same with most crypto portfolio trackers), you can change your main currency to BTC. Not sure if centralized exchange portfolio has that feature.
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