I just hope Polkadot team do not disappoint, a lot of promises now, we have seen this before from projects like Cosmos, EOS, Tezos, NEO, ICON all these chains have disappoint and some are just Zombie chains and will die soon. I love they way they go about their development and awarding of grants for projects to list on their chain. I will keep watch their development
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I can see this happening, but it is just going to be an option, they won't substitute their national currencies for Crypto. I believe private businesses have a role to play here, when you go to places and you see can pay with Bitcoin, before you know it BTC is going to be like USD and other strong currencies that developing countries love to hold in their reserves and will start thinking how they can benefit from it
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These are signs of Bullish market, people like these are the ones that are going to buy from you and buy the top thinking they also will make 100X buying at the top, Crypto is a cycle and those that timed it well will eat the reward, I am not saying we have reached the top but most of these people will end up holding our bags.
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Hi,
I have my ZIL and ETH in Binance exchange.
Read somewhere that I should never keep my crypto solely on exchange.
Do I need (should) keep the cryptos in other wallet like MTW or MyCrypto? Will my balance on exchange become zero if I move? I am not sure about the procedure of that.
Would be thankful if someone guides on this.
Kind regards,
Rizwan
Simple when you move your money from one place to another, the money will move to the new wallet. My suggestion to people that have small accounts is that they can afford to put their money on exchange for now until they grow their account and if you are a trader there is no need to be moving your money up and down, let it be on exchange but if you are thinking long term move your Crypto tokens to your wallet
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There is no doubt the sentiments has changed now to Altcoins and many Altcoins have started picking up some gains against BTC, but I have not heard any news about SEC against Tether court case since yesterday what was the outcome of the court. This case will have serious impact on the whole space
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There are many reasons why people don't really use DAI tokens. 1. it is less stable has compared to other centralised stable coins like USDT, USDC BUSD etc 2. It has low market cap, look at the amount of trading volume USDT had yesterday, DAI can not sustain that level yet and with better adoption and trust level the marketcap should increase. 3. It is tied to Cryptocurrencies and we all know how volatile the space is, if the price of Ether used as collateral dump like 20% to 30% a lot of these depth will be called and close.
The team is working on ways to grow it pie but will take time and trust
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Well done shilling your bag, why do you call Coti hidden gem, Coti has a market cap of $35 million and you think this is hidden, my own definition of hidden gem is a project that is under the radar and has a very low market cap like $1million to $5million which has potential to 10X and more.
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The transaction fees on Ethereum will kill the chain because paying $10 or more for every transaction is just not sustainable, I used Uniswap today and the transaction fee was $9 for what. I think it is time all these developers start thinking out of the box and now be lazy with this scaling solutions, many solutions are out there but people are not just using them, look at the success Perpetual team recorded by using XDai chain, you trade there without paying any transaction fee because is too negligible and the team decide to pay it for traders
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The thing about ZCash is that Bitcoin pump spoil the halving party for ZCash but I still believe it will have its own time to shine, I just don't know when. The fundamentals about ZCash is still very strong and with the Privacy narrative coming back, expect it to pump like crazy when people start buying into Privacy narrative again
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For now, I am not as bullish on Ethereum as before unless the team is able to solve their scaling issue, though there are some L2 solutions coming out this year, the issue here is that they are going to drive value away from Ethereum because they will have their own tokens just look at XDai for example, Optimistic is VC backed and I believe these VCs will want return from their investments
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To me XRP is a damaged goods, some bag holders do not want to admit this, even if they happen to settle with SEC the damage has been done and the other thing is that the team will not have the legal stand to keep dumping on the market. What baffles me is that out of over 1000 projects in the space some people still feel that XRP is the only one they can make money from.
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I have a feeling we are at the early 2017 again, the price is likely to move between $25k to $40k for 3 months for this to be the new floor respected by the market before we pump to $50k and above. The money buying and pumping the price is not retail money, agreed some of them might have bought this pump but for me the mega pump is coming and my take is that we will likely touch $250k which would be the top
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I believe Value investing is the best and will never fail any analyst if done right though mostly for long term investors. Everything is also about narrative, if you can sell your project well to investors and they believe your story fine but its only work short time for project not creating any value, the story behind Bitcoin is true and people bought into it but apart from this narrative it has proven over and over again that it is a good Store or Value, I bought my first BTC at $420, it has done 100X since then unlike most of these 2017 ICOs that promised to change the world but have nothing to back it up
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The good thing about the Institutional investors buying Bitcoin is that they are long term investors unlike retail investors that looked at the screen every time. There is plus and minus of everything but the positive here is more than the negative.
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My understanding was that the target for the minimum amount of Bitcoin which most people wanted to own was/is 1BTC in our current bull market that target becomes more out of reach for the people who most need it.
As an investment Bitcoin is a very friendly asset for the nit so wealthy classes. There is no minimum purchase amount and each and every one of us gets to hold our investment if we want.
We all like to see Bitcoin rise in value and increase in adoption but its pushing it away from the people who need it and into the people who control large portions of wealth.
A bit of a conundrum...
Very surprised you make this post, you are a Senior member and I believe your understand of Bitcoin should be better, you don't need to hold one Bitcoin to make money, if you can afford 0.1BTC buys it and when the price move up, your investment move up. It is not a game of number, we are getting to a stage that it will be difficult to have someone said he/she wants to sell 1BTC because the price will be more than $100k very soon
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Who tells you they do not work together, I believe all these Bitcoin whales work together to pump the price and they have the price target they have in mind. There is no way no whale can put all the money up to pump Bitcoin from $10k to $40k. I am also scared of these institutional investors if there is anything the stock market has taught me, they are never your friend
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There is no doubt that his investment thesis still work and is still valid till today, the problem with Buffett is that he wants to invest in something he can hold and has huge potential for consumer adoption, this is how he got it write with Coca Cola but the world is changing everything is now digitalize. I just hope those people advising him let him know this
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Congrats to the guy, this just shows where the world is putting their money now. The market for the Electric cars is still huge this shows he will likely retain the position for a very long time, also he is investing into space tourism and I expect this to be a huge market for the future, who doesn't want to celebrate his birthday in the Mars
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I think only a fool will expect the price to continue to go up forever, this correction is healthy for the market. Though chain analysis show that it is not whales dumping their BTC but miners. Miners need money for their daily operation and taking some money to keep in their reserves is good for business.
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There is no doubt anything this guy Elon Musk is into will generate a lot of hype but you can't get into it, most investment at this stage is private placement and you must be a very rich guy to get allocation. I am still waiting for how he wants to enter a saturated market like telecommunication
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