Tagging it to 45 posts a week to receive payment is very high and may be encouraging spamming and shit posting.
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Binance BNB is exploiting the challenge of the high transaction fee in ethereum to increase the adoption of binance blockchain both in existing projects and new ones, whereby also increasing the DEX with the blockchain as well.
This is so true and people investing in BNB should always remember that and not panic even if there's a momentary correction in price. In a few weeks to come I see BNB squaring up to ETH and even surpassing it both in price and market cap. To even think that BNB which is over $500 now was listed at less than $0.30 just four years ago is unbelievable.
Going forward, I think the great run of BNB is giving investors an idea that other exchange coins/tokens can also replicate that fit. There's nothing wrong in believing something when it's based on research and I think this is what those who want to invest in exchange coins should do. They should always DYOR, after all it's your money that it's being invested.
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BNB will hit 500$ very soon it's my prediction but personal.
It actually crossed that price today and will do more pump. In fact, I see it surpassing the price of ETH in weeks to come. BNB is soaring not just because it's an exchange token but because it also has a smart contract — BSC. This isn't taking anything away from BNB any way. Remember there is burning of tokens for BNB too. So, before anyone buys an exchange token they should first research two things — the credibility of that exchange, and secondly whether the token of that exchange has utility. Don't buy blindly.
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Personally, I believe that Bitcoin is losing dominance from looking at market data. The figure has been dropping from over 65% a few months ago to around 53% at the moment. A reduced dominance is a sure sign that investors are taking profit already from their investments and investing such profits elsewhere, alts inclusive. So, once Bitcoin dominance begins to decrease it's a harbinger for alts to moon. Expectedly, this is what the entire crypto community is looking forward to — for alts to moon. However, I have discovered that despite the decreased dominance Bitcoin price has not crashed as it should've been.
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<snipe>
Each time I hear/read this, Best Crypto Trading Method with Proof bla bla bla type of comment... I always smile to myself because it's a cheap way of trying to hoodwink unsuspecting noobs. The truth is that in trading there is truly no holy grail. Anyone who tells you they've got a perfect trading system will be lying. Again, those indicators you mentioned are lagging indicators. To be profitable in trading one doesn't need to rely on such much. You should concentrate on PA (Price Action) and use leading indicators like trendlines and pivots often to ascertain where support and resistance points are.
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Here are some scenerios that can cause the price of btc to fall drastically. (In my opinion, it is highly unlikely and the possibility very slim). (1) No way to trade bitcoin or exchange it for goods and services. (2) All governments of the world placing a ban on bitcoin and bitcoin related activities making it highly illegal. (3) The entire bitcoin network and nodes going offline making it impossible to even make underground transactions in bitcoin. (4) Another crypto overtaking bitcoin and value and more people shifting investment to this new crypto.
There are people who will never buy if Bitcoin nose dived to $5,000 from its current price of $60,000+. They will say the "bubble" has burst and that buying at that price is catching a falling knife. Didn't we experience it when Bitcoin crashed to $3200 from its ATH in 2017? These ones waited until price picked and then they started chasing it. From the various options above, I think the one that will greatly kill Bitcoin is the number 3. Others won't bother the Bitcoin community as much. A trillion dollar asset going to zero? I don't think people ask that kind of question with similar assets? Will silver ever be worth zero? Will google someday be worth zero? If we talk about 100 years from now maybe because you never know. But if we talk about nearer futures it is practically impossible. It is much more likely that its value will reach $1M and more.
It's simply because people still erroneously think Bitcoin is a bubble. People forget that there is a paradigm shift going on as it were globally and that Bitcoin is leading that shift.
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Honestly OP, you're the true definition of unsafe risk. Apart from waiting this long to invest in Bitcoin (which you should've done earlier, anyway) you're talking about doubling the initial mapped out $150,000 (which I think it's high risk already at this time). Don't you fear that you may even be buying at the very top just like those who did in 2017 at ATH? Besides, if you're looking at hodling for as long as 10 years why the sudden rush to buy now? Remember, there is going to be a bear rally by next year. I say this from experience. I think you should just keep your $150,000 in a cooler for buy during the bear season or if you must buy now just do a split of that cash into three and invest one part.
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Go for Digibyte. I has a capped 21billion in max supply while Dogecoin is infinite. It's not as if tokens in infinite supply don't do well but for the fact that the only thing driving Doge price up now is Elon Musk's support for it. Invariably, what that means is that a single negative tweet from Elon will inadvertently drive Doge to its grave. You don't buy a token like that in a bull run as that is a bigger risk to take than when you buy it during a bear season.
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First, OP should know that Binance is a business enterprise in a capitalist environment and not some charity organization or an NGO. Again, the difference in what is charged from OP's complaint in USDT withdrawal is infinitesimal compared to what Binance charges when it comes to BTC withdrawal which is extremely high. Binance has refused to adjust the 0.001% it has been charging for years now even while Bitcoin prices keeps surging causing withdrawal fee in dollar value to rise in proportion to BTC price. This is what irks me.
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CZ was also trying to add more and more usability for BNB just like binance pay as well. $1k will be possible to be achieved by BNB
I believe it's going to worth more than the $1,000 you're predicting even before the alts season comes to an end. Already, many projects on the ETH chain are moving to the Binance Smart Chain (BSC). I, for one, don't like dealing on the ETH chain if I can also get the same token on the BSC. Fees are understandably accommodating unlike the extortion in gas fee that goes on in ETH, so to say. BSC will be worth more than ETH in a few month's time even though it's $408 at the moment while ETH is at $2,078.
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Dear all
Now alt season started. Lot of coins specially 2018 ath coins now going for new ath. You can see xrp is moving like roket.
If XRP is your parameter for knowing when the alts season begins then I think you're getting it wrong. It's coincidental that XRP is having a good time when Bitcoin's dominance on the market is dropping. That's how I gauge the market and know if there's a change of baton in trend. Besides, remember that XRP's ATH was $3+ and it has only done around 33% to it now at $1+. Oh, well from your assumption we just got into alts season first week of April. And you're already predicting it will end in less than two months? Remember that Bitcoin has been enjoying its moment of bullishness since last quarters of 2020 till now? Rallies don't end that soon. That's my point here.
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Whether traditional trading, cryptocurrency trading or Forex Trading, it should be taken as a profession. If our local traders refer to themselves as traders for a living, why shouldn't those who do any sort of online trading refer to it as an occupation. The problem most people have trading cryptocurrency is that they don't tend to take it as a serious engagement. Someone learns traditional trading for 5-7 years as an apprentice before setting up his own but those who do online trading don't want to spend that much time acquiring the skill set for it. They think they can just jump on it and get started like that without the knowledge of how it's done. Every wannabe trader seems to be in a hurry to start trading, thereby making it look like a gamble.
The entire crypto market cap just crossed two trillion dollar (a few days ago), it shows how a serious business trading is and should be handled with every sense of commitment as an occupation. There are people who don't do anything else apart from online trading and they're making a kill from it because they already see it as something that can put food on the table for them. Trading is an occupation, and rightly so.
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Thanks for contributing but this thread will focus only on bitcoin. Do you think bitcoin will increase price soon due to the reasons above?
But I already answered your question, except you didn't decode it in the post I made above. Bitcoin price is coming down and that's indicated in the market dominance. Yes, institutions may be showing buying interest but that isn't enough to push price if the retail traders and pockets of hodlers aren't interested in doing same. I don't see Bitcoin price go above the $60,000 ATM until the altcoins have had their rally too. It's going to be a decline for Bitcoin going forward for a major correction.
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OP, you should edit your title. I guess you meant to write, "The reason..." right? Well, to the discussion at hand, I believe the bulls are already exhausted and getting ready for retirement so that the alts rally can set in. Just check the total market cap dominance and you will see that Bitcoin has been dropping since this month. I think its dominance stands at 54% now as against around 65% or so it was a few months ago. The more the dominance diminishes the more investors are transferring cash to buying alts. So, we're likely going to see alts surge in weeks to come from now.
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Definitely yes! There will be another golden opportunity to buy Bitcoin cheap but that will be during the bear run — 2023/2024 are the likely time for a massive dip. However, the sad thing is that when that happens only a few will be willing to take the risk of buying it. Most people will think Bitcoin is nearing its death whenever a crash happens and would rather stay out. We saw that in 2018—2019, and will certainly see that again in the next bear run. Nevertheless, OP you don't need to wait for that dump. Just a gradual buy up will enable you pile up. Buy at every little correction the market has.
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To start with, only book traders (those who don't do actual real live trading) will say it's not good an idea to chase losses in order to recover from lost trades. This is because they truly don't know what the compulsion of recovering losses feels like.
But being under tremendous stress, I overtraded and lost recovered btc and now back to 20%.
A bad work man always blames his tools. Being under stress is the number one factor a trader should look at for before venturing into a trade. A stressed mind isn't equipped to make rational decisions. Being stressed out is analogous to being under pressure to deliver (in this case, it's under pressure to make profit). Every trader has a winning streak as well as a losing streak. What matters is the ability to record more wins than losses at the end of every trading engagement. There is no trader who doesn't suffer losses. Just understand that. Also I was thinking of selling a piece of land I own, buy some bitcoin and keep it safe in hardware wallet, not trade with it.
Great idea but it came a little bit late. If you had taken that decision a year ago you would've been in real wealth now. It's too risky to want to try that now, except you want to risk buying at ATH like those who bought in December 2017. Already, it's looking like the alts season is come upon us now. We know how Bitcoin dips whenever alts rally. It's not a great idea to go all out on Bitcoin now.
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What implications do you think will arise from this news?
It's a worrisome development to tell you the truth, honestly. It will further increase anxiety and prove the vaccine skeptics right that taking a covid vaccine is of no good. Besides, I think the so much secrecy coming from the Chinese government on the vaccine from China tells me something is wrong with the whole vaccine thing. For instance, why would China coerce people going into China to take only the Chinese vaccine without which they're subjected to horrendous experience getting visas. That's nothing new for me.
Vaccines do not prevent you from catching the virus or transmitting it. What they do seem to do is prevent you from developing a serious clinical picture as a result of the virus. It has also been said lately that they reduce the probability of catching the virus, but they do not prevent it.
Well, my elementary knowledge (that's putting it mildly, any way) on vaccine tells me that once it's administered it introduces a pseudonym version of the disease it intends to prevent by alerting the body that it already has it and preventing the real disease from coming in. Except where an administered vaccine fails, otherwise the disease has no ability to effect the body again.
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It's good a thing you've only invested cash you won't regret losing if things turned sour. This is the likely scenario the crypto industry experiences each time there's alts rally with fresh investors buying tokens which are in less than a cent region without checking the essence of such projects. Most of these tokens usually end up as pump and dump. I witnessed this firsthand in 2017 as a noob investor myself and it cost me a lot. Now, I'm wiser. If a token doesn't have a use-case I don't usually view it as serious. I might throw a few dollars at it just to catch the frenzy, otherwise I don't invest in such and they're usually not for long term hodl. Be careful OP. Why would anyone buy a token whose total supply they don't know? I refer to Blocknet which you listed here.
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For me eh na binance oh
Binance na ogbenge exchange and I nor think sey e get any Naija peep wey dey trade crypto wey nor get account with dem. My main problem with dem be the high fees wey dem dey take to transfer BTC out. Dat standby commission wey don dey since long time Imo River na die! If you convert am for naira na almost N12k oh. But me I nor know wetin dem dey collect for escrow sha as I never use Binance for P2P before.
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I be think sey una say official language na pidgin which wan all man dey yarn phonie na?
Charles, you 4 add anoda option — Telegram/WhatsApp P2P. Na dat one me dey use. I neva use any of those wans wey you be list there.
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