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Strong bearish candle appears. Buying is not a good option unless there is a good news. From what I observe, Sov can test the midline of the channel before making another drop. I will buy Sov after that drop if I were you
However, if bitcoin has a good news and form new small time frame uptrend, a short term sov buying can give you a decent profit
Regardds
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-snip-
95% of cryptocurrency dip because of Elon's tweet today. Bitcoin, BNB, EOS, Tron, BCH, and Dot are well worth buying today. in the next few days, the market will definitely get back to good again.
Entire cryptocurency market are facing sell off due to last night Elon Musk tweet. All this bullshit happened before by other crypto influencers, this is not a new story. Elon obviously posting such things only for his own interest. Yeah, Almost crypto are available at discount rate. And we suppose to make our new investment right now. It is not often to see the market in the red color with huge percentage of decrease. I have collected more Binance coin after selling it at the top. Got some profit for IDO projects. I hope that my decision is correct so that I will earn 10 times after joining this IDO |
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What a joke. Why people keep investing in a meme coin shich is a result of influencer' manipulations. Doge was a good coin but what people are doing will definitely destroy the beatiful of this coin.
You are corrected by saying that doge will be dumped to 90%. There will be a big catastrophe and people will lose their money
I agree with you entirely. Back in the days I've been a fan of this coin myself and even promoted it. But what Elon did to it - made it his own toy, turned it into garbage and destroyed it. It's nothing but a pump and dump coin. I do not know whether he truly supports this coin or not but what he are doing is inacceptable. Manipulating bitcoin, then manipulating dogecoin, then creating FUD for Dogecoin. Next, he turned his back on bitcoin and once again support Doge. WTF ? |
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You're shaken just after a 12% drop? Lol you must be totally new here. If you're THAT easily affected by negative press, you probably shouldn't be investing in the first place.
12% is enough to create an unhealthy environment. You have to understand that there are a lot of new investors and they all want to increase their capital with bitcoin. But with such tragedy, many newcomers have been blown away. Long term investors may not be affected, however, it is 100% novices are being in the depth of pain |
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Doge is just a toy of one guy, it should be accepted as soon as possible. It is completely subservient to the manipulation of one man. That it is total supply present in very large numbers, and many can still have it for a small amount of money does not mean he had a strong or largest community.
Even if their billions of supporters, this does not mean much if one guy, with just a few words, can back them to the bottom.
The biggest problem everyone might not be aware of is that there is no cap for the total supply of dogecoins which means there is no fixed number of coins and there can be unlimited coins in the future so holding dogecoins doesn't make any sense specially since there is no staking mechanism neither it has a fixed amount like BTC which helps to increase the value of BTC in long term. It is just an abnormal hype where people is attracted by something shining and expensive. Soon, doge will be wipe out and return to its natural value. I do not care of doge too much, unless in gambling because it is fast and convenient to me. I suggest people should reconsider before joining doge or any meme shitcoin |
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Lending is for people who do not know what to do with idle money. Smart people always let money earn more money for them. Traders are among of them. However, only small percentage of traders are capable of making money while the rest only result in loss. Therefore, lending is safer than trading in some ways. Defi lending services give you an affordable lending interest, up to 50% and I think this number is attractive enough to consider
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what a tragedy to F0 investors ( new investors who just come across the cryptocurrency for a few weeks). Things will get tougher because I see no bright future in bitcoin and it is now being traded below $50000. I have told my friends not to invest in memecoin and now, they might be regret not listen to me
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Bad news arrives, no cryptocurrency can escape from this big black cloud and as you can see, ethereum has fail nearly 20%, from $4300 -> $3500. Eth 2.0 can be a good influence to ethereum, but it is not enough. Every cryptocurrency depends on bitcoin, therefore, if you want ethereum to hit $6000, bitcoin needs to return to $60000
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What a joke. Why people keep investing in a meme coin shich is a result of influencer' manipulations. Doge was a good coin but what people are doing will definitely destroy the beatiful of this coin.
You are corrected by saying that doge will be dumped to 90%. There will be a big catastrophe and people will lose their money
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They will soon blow off. The current state is not safe. Memecoin are excessice ballons ready to be exploded. I am scared that what Elon is doing will harm the market rather than push it up. Now, everything is unstable, ond needle and there will be nothing left. Even bitcoin will also be affected
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Either the community or whales are responsible for big volume. By the way, if you see a huge trading volume coin but it only has a small marketcap, try to buy it. During this hype, this coin might give you more than 100% after a few days
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I've been watching the project since 2018 and I can say that the dev teams are the most conscientious. I have a group of intermediate investors and many of them put their money in ICP and they have already earned more than 100 times when it is listed on binance.
However, buying ICP is quite dangerous. It was pumped straight to the top 5 marketcap and people must be selling it right now
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It is dangerous to short any altcoin because we are in the middle of an uptrend. 'The trend is your friend'. This is the best statement for anyone who wants to become either an investor or a trader. Altcoin will go down. However, it will not happen to day, or even in the next month
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If one Elon Tweet can push it 3x, and one laugh on a live TV show can reduce price by 36% immediately, and looking at the price today, can doge go to 20 cents or even 10 cents?
Absolutely. It won't even need Elon to laugh once this crypto rally falls apart.
But it can also to $1 within a day. What a shame! People are treating this coin whereas it is a toy. I could only watch this coin because it is such a joke to me. Even if it rises 10 more times, i would not care |
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Most people would like to discuss Dogecoin because it has a high possibility to hit $1 soon. But will cardano has a chance to hit $3?
Of course. Canado is a wonderful coin. Good ecosystem, good teams, well-behaved price. In a long term, Ada is better than any memecoin. It will be bought cause of the great technologies and watch dogecoin colapsed. Investing in memecoin is a bad idea because they are totally overpriced |
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Is it true? Can you provide us the source of this information. If they really unban cryptocurrency, it is truly a good news for bitcoin community. Yet, this is not a big news since Pakistan is not a big country. But there might be whales using this news to manipulate the current market
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Damn. More and more big hands join the race. I wonder whether any bitcoin left for us haha. Bitcoin lately has no significant movement but I bet it is having the largest accumulation ever. Too many good news but it still wanders around $56000
$90000 is definitely viable. Try to work more and buy more bitcoin
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It would be a big mistake to think that once ETH hit $ 3000 then the price would drop dramatically.
as can be seen on the market cap, the price of ETH continues to strengthen and skyrocket every day, even the price of ETH itself has broken through $ 3400 +, it is not impossible that next month ETH can reach $ 4000, I myself bought ETH when it was still at $ 1500 +, which already increased 100% over the time of purchase, hopefully ETH continues to skyrocket and fly to the moon.
Good for you. Ethereum was slow in the past few months but right in the altseasons, it seems that it is closing the gate between itself and bitcoin. With the current speed, it is no doubt that ethereum will hit $4000. Hopefully, we can see ethereum hit $6000 by the end of this bull run |
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Well, we are in the middle of the bull run so it is not a surprise when a coin increases unusually.
I am holding Pet coins which increases more than 100% in the last week. I can also name several coins that earn drastically in a past few days: SONM, DOGE, Telcoin, ethereum classic, etc. We have so many coins to watch by now
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You can ask the same question to other alts. In this hype, I only see a few coins that do not increase while other rally rapidly.
ETC is a doubleganger of ETH without any developments so it is easy to understand why the price increases. But basically, it has not further value
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