I have not heard anything in the name of tronix but the abbreviation TRX is well known for TRON (I agree these days same short forms are being used on different platforms so getting confused in most common because of such repeating names). Let me check on coinmarketcap about tronix so that I may learn something new today.

Let me explain about burning process: it is kind of losing key for your coins so that you will not able to make use of that coins. This is being done to have impact on circulating supply which will usually lead to value appreciations. I guess BNB platform is having in-built functionality for burning process whereas I am not seeing such things for ERC20 tokens.

It’s never good to trust any exchanges at all, and it’s not only about issues like this, there are other things that can happen and affect you.

Anyone that is trading cryptocurrency should always make sure that they have a private wallet they are storing their main funds, and the money they want to trade with can then be moved to their exchange wallet so that if the exchange happens to do anything or gets hacked you wouldn’t have to regret that much.As for what this exchange has done, I can’t tell you whether it’s what you think or not since I have not used the exchange before, and I don’t know about them.

Lol the truth is that nobody knows the answer to this question that you have asked, and as usual all they are going to be doing is to be guessing the answer to it. Some have said that it has to do with Biden and his tax policy changes, then there have also been those who said that it is something that has to do with the lights out in china ,since a lot of bitcoin mines were affected by the lights out.

I don’t know the current situation of things there, but hope it got better. Then I have also seen other things being said, but I am not sure about them.

It’s still unclear as to what might have led to the crash, but the main news that I have been seeing in the internet as to why the market dropped this low is because of a few reasons and the first one is something that has to do with US Treasury having plans to take actions against money laundering with cryptocurrencies. I don’t know if this might have truly triggered the market to start falling like this.

Then the next has to do with the next blackout that took place in China in the Xinjiang region, I have also seen posts where people were referencing Coinmarketcap and the rate at which has dropped due to the blackout.

Yes, countries are not going to be banning bitcoin, and I believe that some of those that banned will come to a change of mind and lift the ban and allow crypto businesses to come into the country and people will be free to make use of it. Those of them that have banned bitcoin have seen that it is leading them to nowhere.

Imagine banning bitcoin when there is growth and there are lots of cryptocurrency businesses being established and providing jobs for the citizens, that’s not going to lead the country to anywhere, they will be the ones who are losing, since those cryptocurrency companies will move to countries where they are free to operate, and that, still, doesn’t stop people from using cryptocurrency.

I don’t know if this guy ever gets tired of doing things that are really stupid as he’s doing right now, seriously it’s very annoying , every time he is on the news for things that are not making any sense at all. Before he talks about suing Cobra, he should first of all bring the proof that he is the real Satoshi Nakamoto. If he can prove that to the world that he’s the real Satoshi, then nobody is going to question him for every decisions and actions that’ he makes. But as for now, he’s not the Satoshi Nakamoto, so he’s saying nonsense. He’s already losing this battle, just that he ashamed to quit and is being stupid at the same time.

Well, what you have to know is that central banks cannot kill off Bitcoin, that’s not going to be easy, in fact it’s not possible for that to happen because when they break down the centralized wallets and exchanges that we all know, people then start to go for peer to peer and stop making use of centralized exchanges, and in a situation like this there would be no way for them to take down bitcoin. Then as for whether Bitcoin can kill off central banks? I doubt that too, it’s not going to happen, we are just going to have the both of them coexisting.

The thing is that those coins or tokens that you have mentioned are not popular, only few people knows about them, so you will hardly see anyone talking about them in the market. That’s why people are hardly choosing to invest in these coins, and also the fact that they are not popular and don’t heavy support like Bitcoin and some top altcoins does discourages people from investing their money in these tokens.

But, if you can find any token and based on your analysis you’re believing it will grow, then it wouldn’t be bad if you invest in it and watch it grow to a higher price.

A lot of altcoins have been really well this month, Doge has gone over 300% in a month period right now, and there is also Compound which did like 20% today. And yesterday morning I noticed that Ethereum was the only coin up among the top coins, while they are were all going down.

So, Ethereum will likely be a good choice at this period if that’s the plan you have. Then a lot of people have been talking about dogecoin and that can also be a good choice if it continues the growth, which I am not sure about , it’s up to you to look it up and know whether you should go for it or not.

I don’t know what has led to the recent drop, but some people, as usual, has been looking for events to tag it to, I have seen a lot of things being said about the drop, but whatever it is, like the op has said, it is a usual thing for Bitcoin. When I checked the charts on coinmarketcap.com I noticed that in the last seven days a lot of altcoins has been growing and they on green, while bitcoin is showing red in the last seven days and has decreased in value. Starting to look to me like the trend is about to change, I guess it’s getting to altcoins season just as I have been seeing that trend in the past few days.

I have not invested in Bitcoin for so long now, because I bought earlier around $11k and I have been holding it since then, and sold some of it to get profit. The rest had been left in my wallet which I plan to sell later when I notice the market is finally crashing. Altcoins has been the only coins I have been buying for now, the good ones that I see I invest in them and also continue with the hodl, because I feel that altcoins might bubble very soon. Bitcoin we can’t tell if the bullish trend is over or not, I don’t know if it’s going to pick up again after dropping this low or not.

Wouldn’t be a surprise if it should start falling, bitcoin is a volatile asset, so I don’t get what you mean by game over for Bitcoin, unless you said that in reference to the bull trend. I wasn’t expecting the bull trend that we are seeing now to last as long as it did now, so if it has really lasted this long then it has tried. Check and compare the last bull run to the other ones we have seen in the past years you will see that it doesn’t last this long.

And another thing is that no one was expecting a bull run, if you asked most people before now they would have told you that there can never be bull run this year. The covid virus ruined everything, so why would anyone expect a bull run?

What makes him believe that the ‘Britcoin’ will be able to beat Bitcoin (BTC)? Seems like he doesn’t know much about cryptocurrency? There have been other countries that came with their own cryptocurrencies which are going nowhere, so what makes them think that their new digital bank is going to be able to do anything better than what the others have done? If it’s going to be gaining any adoption at all, it’s going to be just in their country and no other place, but even at that bitcoin is still going to beat their CBDC even in their own country when it comes to adoption lol.

Yeah, only reason why it is so high is the fact that some people are fine with it, people keep paying high gas fee and that is the only reason why it still is high, if people decided not to pay that much, wait, then miners would accept lower and lower, and eventually it will be very low. However since there are too many, the one that pays the most gets it.

Now with eip 1559 it will get lower this July, it will only charge what is required for the network to continue.

I agree that I can be a profitable investor even while I will be sleeping but how's that possible with trading as well? I am sorry I could not get your point.

Only investor may stay calm in my experience because traders need to solve lots of hassles so that they could predict the exact movements of markets. So, not taking pressure will not be possible if you are trading but staying calm without any tension will be possible if you remain as a "bitcoin" investor (I mean no other asset may not guarantee you like bitcoin do for its investors).

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I wish you were right about the worker rights but unfortunately we are at a much more modernize version of the roman republic slavery. Now you may think that it is impossible we could ever be similar, but given those days slaves (who actually worth something) were given housing, wines, chance to marry each other, food, anything basically they would need to survive whereas people today are in responsible for their own well being meaning they are given some paper and told go do whatever we want with it and call it "money" is making things harder and there are much more automation and a lot less people employed, there are so many people and so little jobs so people are afraid of changing their owners, they still do but it is a hard and difficult process and if you are without an owner for too long you starve to death which is why it is not that different.

I may exaggerate a bit but I just do it so you can understand why it is difficult. Plus amazon is trying to block any union deal there is, the current places they have are trying to build an union and they are doing everything to stop it, if they made 90 billion dollars in profit this last 400 days, do you think it is ok for them to try to block unionization? What are they doing in there to make it difficult for unions? I mean if they are so good place they should allow unions as well, but they won't because they are disgusting.

And most of the time they drive all other business around them to bankruptcy so the only good jobs left are amazon jobs because it at least pays more than other places, even if it means you may have to shit in bags once in a while people prefer that so that they won't starve.

As long as people keep thinking that it is profitable, they are not going to divest that easily, plus loyalty here is to a fault and that's why people do not want to leave. Think about it this way, if you own bitcoins and they are just sitting on your wallet, you are not making any profit at all, there is no chance for you to profit, however if you put it here, there is two options, either you are not going to make any profit here as well and no payment will be done so you will get out with nearly the same amount, or you are going to make a profit from this in the end.

When you have an option to just stay the same way or just go to bustabit for a potential, people will pick bustabit each and every single time, even if it got smaller profits compared to back in the day, it's still profits and that's why I think it's quite obvious we will end up with no divesting huge amounts anytime soon.

I don't think any legit centralized trading platform have their own bots for trading to complicate things. There are some low-life exchanges that display fake volumes and trading data but you can't say the same for good exchanges like Binance.

Yes, but right now because of high transaction fees on ETH network, I think uniswap is no more a good option.

This is precisely the reason why I trade at known centralized exchanges instead of decentralized or lesser known exchanges because the trusted exchanges will only list good coins so at least the market won't collapse suddenly.