I think it is just a circle and gradually the price will keep appreciating. Bitcoin dropped from the ATH @ $64k down to now at $55k and the gains I see has been pushed to Ethereum which is now at $ 3,300 and some other altccoins appreciating also. The circle may go back to bitcoin or it may just be a bear time but nobody will say the range price will head off to.

The strategy is different from every trader. Buying and selling is based on demand and our strategy guide us to rise and fall of the market. Basically it is not about our instinct but also our strategy to determine and confirm what the instinct or emotion is directing.

A short term investment are not really a guarantee. They are good for fast return though but hard to achieve. I noticed there are very cheap coin, even as they are shitcoins but you can be lucky to get such hype. You may join some telegram pump groups but those groups too have inner members that won't give direct information about when a coin will pump. However you consider top coins to invest if bitcoin is high.

This is one of the simplest way to understand what burning is. Burning is just as you know it and the purpose is to create value around the project. Usually when a coin is burnt out, it means some of the coins not in use and can't be recovered and that automatically reduces the maximum supply of the coin and that creates limitation in it. This action creates value on the project, binance had such and you can see where the price is today.

There are so many kind of benefit with burning of project.

The investors see it as the team is active and trying to see how to be better appreciated in the market and when the burn happens, it attracts more investors because of that (active team)

When burn happens, most times the team creates more awareness and technology on the project increase.

It brings partnership. Most investors like to put money where there are good partnership. Like cartesi in instance is having lots of partnership around it which is helping the coin growth.

When the maximum supply of a coin is reduced, it creates new kind of investors from partnership to traders and institutional investors.

At this time I don't think any institutional hodler will be ready to dump significant number of their hodling in trying to risk the dumping of price. More investors are ready to share from that hodling instantly. I think what can cause such dump is when there is little sell and demand and market becomes less volatile then these may create panic and dumping out of fear can begin to happen. And if for example that there is a bad news from either channels that have approved the used of bitcoin but even with that, price may not drop because P2P is still available for use.

BSC is also available for such services. You can also tether if volatility is high and wait if you want.

Or you can adjust your transaction fee lower but it takes days to deliver and it will eventually deliver if you are patient. Pending your preference for adjustment, adjusting for a fee of $2 worth in btc can take average of 2/3 days depending the time of transfer. Like usually you stand a chance of lower transfer fee during of peak periods (night times) and you can be lucky to get lesser  transaction time/ or days.

However, the higher adjustment you make, the faster you can get your coins delivered. The thing is you can adjust your fees anyway.


Yes you are correct , many services now exist for cash out rather to rely on bitcoin or ethereum blockchain with very high fees.

The government can only try but can't stop the use of these listed modes because P2P allows for even more smooth transaction. PayPal wasn't allowing crypto sometime ago but this year, they have approved some crypto use including bitcoin, Ethereum etc. This is helping already to make government policies not to accept cryptocurrency ineffective. If these other means of payment were not available, then we can be scared of such policies.

$5,000 to me is really a bizarre price for bitcoin after skyrocketing over $64,000. Coins have gone up and came miserably down but because we are talking about bitcoin, it will certainly make investors lose interest and those negative rumour mongers that say bitcoin is a bubble would have more impetus to say more nasty things. Bitcoin won't go that low IMO, we can have some corrections but as low as that is not what I can determine anyway.

You don't need to be over happy about a new project. Most new projects are like that, they are just the same. They have good idea and technology on white paper but in reality, the market pressure don't allow them to have their way. There are different products and very good ones and no need to go look for new projects. Which projects can be abandoned for bitcoin? Is the question?

They regard it as bad habit when you can not save. Human beings are not to be compared with animals and saving is one big differentiating factor from man go animals. Animals don't usually have the intention to save and in terms of food, they only let go when they are satisfied at the moment and not that they left the food to come meet it the next time.

Therefore saving is part of human culture and someone who doesn't save is not considered as living a good life.

If you don't save and you have issues with finance or health issues, how do you or people get help for you. If every member of the family don't save then how do help come to safe lives. Moreover, if you die, you need to bequeet certain belongings to people you left behind. It is not a good habit to squander all you have, saving is good.

I had some advise and fortunately , they were good ones. They were advises meant to guide, not to lose my invested coins. Unlike yours that you were told to take snapshot (which are default advise from the wallet apps), I was doubtful of that because it maybe easily misplaced but I choose that of writing my passphrase somewhere. I think that is better and you can store or write them down even in the email. So that has been working for me and till date, I have not lost password to access the wallet.

Talking on regulation or if crypto has come close to regulation, the world is adopting cryptocurrency but blockchain does not have anything to do with regulation itself. Countries can regulate or limit crypto transactions in their area alone, they can not have power over other nation's crypto practice.

It is not early to talk about regulation because people are already investing hugely to avoid certain scam.

Hey... You didn't add one of the best performing altcoins so far. If not, it has really done well this season. Add the prediction price for dogecoin. Dogecoin is doing well at least for now and can be included in your list. We have all been a witness to the rising of dogecoin and Elon musk pushing further for continuous bull.

I do think that the high price doesn't really determine the amount of bitcoin dominance because other coins too will rise in value just like bitcoin. For making example, Ethereum too has its own dominance, likewise bnb. So all of them have little percentage of dominance they have in the market. Therefore, if bitcoin increase to $70k, the dominance may rise or still be in same position because others too could rise in dominance or fall, so it depends.

And seriously there may not be any parameter to determine bitcoin value in price. This is because of the decentralised pattern that no body can regulate it. If it was not a community project, then you can wake up to see such but satoshi left the stage on bitcoin after accomplishing that.

A man that runs away from its challenges will meet same challenge upfront. Trading is not easy and not everyone should be involved in it. Many people are greedy because they feel that money can be made from trading but not every body have the passion. A trading investment is really volatile and everybody can't handle it.

Tax is one major way that the government generate money to finance her project and if people are running into cryptocurrency to evade payment of tax, I think the government should enact a law to include taxing in crypto to enable tracking of such money that would have come through taxing.
However , Biden trying to increase rate for rich and poor is to try and reduce inequality among the populace and that can reflect in investment capacity.

I don't think may will be a bull time for cryptocurrency except if bitcoin is bull because the momentum for bull is dropping gradually this ending. However, what is the analysis of bgl, holo. I heard bgl had a fork and currently running bounty on the forum.

I think this situation is a reason that bitcoin has risen this high. In 2017, the economic situation was not as it is today, it is very harsh and many economic issues and war , terrorism etc have reason which has opened more channels for bitcoin patronage. Also, there was no covid-19 that has the major role for not contacting it is avoiding constants and fiat passes from one person to the other person. As such it was a reason for the early off shoot of price last year April and may. So at the moment, the harsh economic development is going to benefit the rising of bitcoin more.

This kind of pattern is what make cryptocurrency different kind of trade. You can hodl a coin in its bear continuously until it picks again without losing its unit even when you are hodling in your wallet. Those who bought at the last ATH in 2017 and felt bad of bear are all having a new story today.