That's a large amount of coins but they are not holding it as an investment. They'd probably auction it off and pay the affected people in USD. This if done at once could even flood the market with tradeable coins. The government of US won't probably confiscate your coins unless you commit a crime like running an online illegal marketplace like silkroad. But that can't be said true for governments like CCP.
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Celsius already is a popular coin and is already been listed on top tier exchanges like hotbit and Liquid. It would not be a surprise if it gets listed to another top exchange. But the platform itself is falling behind in the competition as both DeFi's and newer centralized lending platform are taking away it's market. And they also have a higher number of unsupported nations than it's alternatives.
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I couldn't care less what Cardano is good for, what it claims to do better than Bitcoin or whatever other coin. All I care about is buy low + sell high = PROFIT!!!!
You are very apathetic about this, what if you buy at a low price the ADA token does not increase and the price will even get lower, what will you do if something like that happens? There are generally two approaches towards trading. The one who fundamentally analyze the market and coins, they'd would buy and hold a promising coins. But for the one who do technical analysis, they profit from market movement, they trade in a small interval of time and it doesn't matter which coin they trade or whether it is a good coin or not.
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These blockchain are working for some years now and there are no known exploits on the blockchain itself. In that sense, TRC20 should be as secure as ERC20. But things differentiate on how individual tokens or smart contract work. And what special privilege the team or the nodes have. It's not the blockchain that controls the smart contract or economics of a token.
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I sold too early and is regretting till date. It would be better to sell a small portion of your holding if you don't want to take the risk. People are much more cautious as they are assuming a 2017 style crash but that's less likely as many institutions have bought coins at a much higher rate. The price surely will correct but that could be a smaller one or one after the ultimate rise to 100K.
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I am not being able to unwrap my $60 worth of wrapped ether in Uniswap even if I have $12 worth of Ethereum for fees. Adding a small bit would require about $15 for fees and add that to unwrapping and sending it somewhere, I'd be spending about $60 just to get $60. And the most stupid thing about transacting Ethereum is Bitcoin has cheaper fees. Ditch Etheruem.
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Btctalk name: Tipstar Rank: Senior Member Current post count: 2475 PHR Address: PEE7Bc9WMo9EpCG1NQc9EwmQT8okkTYkpu Wear appropriate signature : Yes Wear avatar : Yes
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Crypto has been the easiest way for many people and investors to make money. But where there is higher chances of profit, there remains larger risks. Crypto is a high risk high reward market scheme. Crypto has also enabled global transfer and use of capital which have played a role in decreasing the gap between interest rates of saving and lending around the world. DeFi are going to make banking much easier and comfortable for people to make more money.
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With so much negative popularity around bitcoin, I don't think they'll be able to lead the crypto market for long term. People are moving towards a greener energy and bitcoin has been blamed of taking away much larger electricity than consumed by some medium sized nation. It's nearly impossible for bitcoin to move away from current POW and it is becoming more like a trophy token rather than a currency that could be used.
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I heard about this rumor in altcoinsdaily youtube channel. Don't know who started this channel but ignored this news entirely as I knew this was most probably a fake one. But even after that, Cardano made an impressive rise. I could have made a huge if I had jumped in after hearing the news. I don't mean to say it's a good strategy to follow fake news but it's still surprising how small things could make a huge impact in crypto market.
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Ripples future depends on whether they'd be able to create a sustainable value around the token. They have been trying many things but non of their plans have made into real useful services. Now being kicked out of the US, it would be much difficult for them to get going. Specially when they have no real strategy and plans but are just wondering into different ideas.
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Elon Musk is now getting attention from SEC for his twitts regarding Dogecoin. He is being investigated for manipulating the crypto market. Though it is much different than making rise and fall of Tesla's shareprice as it doesn't directly effect anyone, using one's position to manipulate the market for whatever reason could not be called a good move.
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Binance are the only major exchange enforcing this fee. Just this small fee is going to bring Binance a huge profit margin. Binance has became so big that binance doesn't seem to care about the users anymore as they have a lot many. They even claimed it's getting difficult for them to answer to the support ticket.
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I feel BUSD to be more safer than USDT as they have actual cash frozen. I try to use BUSD pair whenever I'm trading in binance. But when it comes about trading in other exchange or sending between exchanges, I prefer USDT, mostly because it's the only available option and with the introduction of USDT on TRC20, the fees are free as compared to other coins and stable coins like USDC, whose transaction fees are huge.
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Most of the traders have experienced similar emotions. You never know when is the exact time to sell the coin as it may fall anytime due to price correction after a sharp rise. It's better to keep on buying and selling for small profits and loss rather than to hold onto something that may fall and never rise. Traders should also keep on track for crypto news and FUDs and FOMOs as they too play a vital role for short term trading.
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Watched Altcoinsdaily video last day promoting Cardano and if I had bought it and sold now, it would have been a good profit. What I realized is you can actually make profit out of youtube videos but you should be quick to buy and sell. Most of the time these boost comes with fake news and they rise quick and fall quicker.
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It's a fine strategy if you are satisfied with your profit. I too gave it a thought a couple of time but maybe greed, FOMO or lack of satisfaction, brings me on investing back and losing on trade. I've again bought Tron at 5 cents and is already in 10% loss. I've also been looking for options to get larger interest on my USD holdings till the coin prices go down again.
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Still the altcoin market is directly related to the price movement of bitcoin. And Elon Musk, an individual billionaire has been a large factor affecting the price. The recent rise in price of cardano while other coins are falling is attributed to the news that Elon Musk has bought a significant amount of cardano (which is probably a fake news). One may argue that alts market is not mature enough but every market works in mysterious and silly ways.
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The current situation makes me feel like patience is everything. You could trade and make money but you still need to keep a portion of your investment to sell at a later price. And the price points should start from realistic and never end even in unrealistic situation. I never thought bitcoin could reach to 58K in 2021 and sold all of mine at a lot cheaper.
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And the price jumped again. Not quite sure whether he's doing a favor or sending a wrong message about crypto. If he really wanted to make people interested, a few twitts would have been enough but he here clearly seems to be either manipulating for a profit or is demonstrating how easily crypto could be manipulated.
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