Another one frustrated from the current gas price. I have $300 worth of wrapped Ether and $30 worth of Ether in my wallet. Still that amount of Ether is not enough to swap WETH to ETH in Uniswap. And now I need to add more Ether from outside while I plan to empty my wallet after the Ether is unwrapped. i.e. I'd require about $150 as fees to get my $300. It's totally frustrating.
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There was a tiktok guy that made Dogecoin price rise significantly through a viral tiktok video suggesting to invest in Dogecoin. And even today's price boost is not directly involved with Elon's tweet but with his company accepting dogecoin to launch dogecoin into the moon. Elon truly is the Godfather of Dogecoin. And with Spacex taking payment on Dogecoin, its really suggest a good chance he owns a significant amount of the coin.
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You can also decide in between. If you already are in profit, it would be wise to sell some of your coin while hold on to the rest for a better yield. It's not a good idea to buy and sell at once as you would get multiple moment to decrease your buying price or increase your selling price if you kept trading in small batches. Grid trading with larger limits is a good solution.
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The firs unnatural hike in price of dogecoin started from a tik tok influencer. So, it doesn't have to be Musk to make it soar just someone whom people follow blindly. Elon Musk though a bit crazy and making efforts to act against the established principles, has a much higher intellect than any other infuencer. He's recently been warning about investment in Dogecoin at the moment and everyone should consider it.
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If a market is bullish, it would be better to take profits in bitcoin and if the market is bearish, you take profits in USDT as you can use them to buy each other when the prices are beneficial to you. But if you are not sure where the market is heading, you should make an prediction on the future of bitcoin and if you believe it's over valued or under valued.
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It's exciting but is not as relaxing as those guys at least for me. Sold all of my crypto holdings and the market seems to be growing all along. Now I'm in a larger dilemma whether to buy coins at a larger price than I sold or keep watching other investors making huge money for the same coins I sold early. I think I'd rather put my USD equivalent on staking than to risk entering the market now.
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Some one gave me a tip to buy JSTB. I can not find any information about it online though. The exchange they told me to sign up to buy it from is https://www.iedgex.comI can not find anything on that either. The website also seems extremely poorly made. Does anyone have any information on the coin or site? You're right. This most probably is a scam. The so called exchange site has just been registered in November 19 2020 and for 1 year. The site surely is poorly built and as they are trying to private sale users just after 3 days of going live, you can be sure all they want is quick money. There are plenty of coins and exchanges to invest with. Don't fall for a probable scam.
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Ripple is still a lot volatile for general people to use as payment solutions. In my opinion for a crypto payment solution that would be truly global should be a much more stable. Not necessarily a fiat pegged coin but something that's much more stabler which is escrowed with multiple fiat and expansive metals.
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The number of transactions are not increasing at the rate we predicted it would. It's seem moving to segwit could just solve the large transaction fees and waiting period problem on bitcoin for foreseeable future. Unlike some other coins, bitcoin is being transferred less thanks to it's higher fees and people's reluctancy to use it as a merchant coin.
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Eddy is right. There always has been a little downfall in late November to Chinese new year in crypto market. And as the market is hanging on a higher limit. A little pressure may bring it down abruptly. But again with so much of restrictions due to covid, people would have not much expenditure to make. No travels and less gifts.
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And Grayscale on the other hand is owned by a multiple of other funds. They are a joint project with shareholdings from different brokers, hedge funds, wealth management groups and other institutions. Those companies again are owned by different institutions and individuals. So, these funds are basically and indirect way for companies and individual to profit from bitcoin without handling them on their own.
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When people talk about crypto they talk about bitcoin. Bitcoin is considered a investment even in not techy community and traditional stock and commodity investors. The limited supply and relative safety makes bitcoin an attractive investment. On the other hand Ethereum is just a work in progress. It has not still have it's final outlook and is ever changing. The current price is driven by institutional buyers and they are just interested in bitcoin.
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So another coin attempting to replace ethereum, that's a big no. There are many coins threatening ethereum to take place but until now nothings happen. Ethereum is a giant of all altcoins, the problem of ethereum will be fix once the eth 2.0 release.
I myself am not expert about Polkadot but the coin is surely upto something. It got into the top 20 even before current bullish trend from nowhere and is still sticking around and now is inside the top 10 by marketcap. Just above of Binance coin. It's rise has not been dependent on rise or fall of any other coin. It is a coin to look at.
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Zcash just halved and there are no unnatural price movement for the coin. It decreased a bit in the last 24 hours but is recovering a bit at the moment but no significant change compared to bitcoin. Though zcash is a popular privacy focused coin, but it's multiple fork to create competitive coins and fierce competition between decentralized and centralized privacy coins have undermined it. And it's always behind Monero when it comes to community and volunteers.
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I bought BCH for $261 a piece at binance and at current time, the old chain of BCH is trading at $253 on all major exchanges and the new chain named as BCHA or BCHN is being traded on a few established exchanges like coinex at $15 a piece so overall, my valuation is $268 which is still a profit. BCH is looking good and is on an upward trend.
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It's easier said than done. I bought bitcoin at 11K and sold them at 14.5K, that was a sweet profit but the price kept on increasing, I bought the coins again from all my money on 15.5K and again I'm in profit but still not sure should I buy more or sell. I'd better hold them for 18K or sell off if it goes below 15K, so that I won't loss if I don't have a profit.
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Binance also had promised to give the forked coin. Now the fork is already successful but binance have not airdropped the new coin neither have they made any announcement and the initial coin is still as BCH. I think they'll do it but wanted to sell my BCH as soon as possible before it may crash. I'd be selling the airdropped coin as well as i don't believe these coins would have a future.
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It's much more important to plan when to exit the market than when to enter. Just buying and letting it stay may not be always profitable. There's an inflation of currency that would hurt your actual profit in long run. $1 today won't be equal to $1 after 5 years. As well, Idle money itself is a loss. Your money should be able to generate you more money, for a profit or at least to retain it's value. So, hodling bitcoins should not be a 100% store and forget. You should atleast play with 50% of your coins to trade and generate profit.
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With enough capital and hardware, China can generate enough hash to do a 51% attack on bitcoin but the investment won't be worth as miners and developers can reverse and split the blockchain to bring it back. If anyhow they controlled the developers, anyone can still fork it to create another bitcoin. The coin that most of the people believe would be the real bitcoin.
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