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I would need a suggestion from the forum especially from this who has been doing trading through DEX as it's not good trading through CEX as it's eating up our profit due to unjustifiable capital gain tax of 30%. I have used some of the DEX but couldn't find the range of altcoins as there are limited options when it comes to mainstream altcoins.
Please suggest the DEX which you are using and the reason why it stands out from other DEXes available in the market.
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As we are aware that the ruling government which as killed Indian crypto market is all set to retain the power for third time in a row and they have already destroyed Indian exchanges as well as traders by implementing draconian policies and exorbitant taxes but what happens if they win again? Will it be more painful and more restrictions on crypto ? Or they will change their mind? If more restrictions then how do we survive I mean those who cannot relocate to another country.
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Will it be the existing altcoins or the new ones which will give more profits? I mean would you go with coins like SOL, INJ, ETH and BNB or some recent projects like JUP, BONK for upcoming bull run?
People usually prefer established coins due to stability and it's reputation, but ther are se of people who rather prefer new coins because the profit margins in new coins are higher than the established ones.
Which one would you prefer and please name the coins as well.
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In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.
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We have often seen how leaders who got into power because of backing from their tribe, sect or regional and ethnicities are the most corrupt ones because they knows that their people will vote for them regardless they do any good work or not. Look at African nations and even some Arab nations the reason why they are going through corruption and suffering is because people don't vote based on merit rather on personal relationship like sect, ethnicity or religion and then there comes countries like India and Pakistan where they win based on vote from majority community by instilling fear that minorities gonna rule them if not votes to power and next five years everyone suffers.
I would hold people accountable for being in an creating a corrupt leaders rather than the leaders themself.
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Hey Folks, this is not for everyone this is only for those who have been using technical indicators for Crypto trading and not bot, if you could please share which is the best trading indicators (most successful with higher win ratio) especially for Bitcoin and ETH it would be really helpful I have been testing few technical indicators in tradingview but nothing has been promising if I backtest the data. I have tried searching this but could find a valid answer.
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People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.
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I am sorry if this topic has been discussed in the past but I want to know if people are still using any arbitrage trading bot and if it has been beneficial and are they genuine? because I have come across lot of bots and trading automations shown in YouTube which are kind of scams as they rip off your wallet hence thought of checking if I could get any leads here which are worth trying. Need a proof as well if it has been successful.
Meanwhile I am working on creating my own trading strategy using Python and if it's successful I will share here, it's still it very initial stage as of now.
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Google has removed Binance, Kraken and other foreign crypto exchanges from play store adhering to request from government as this was expected when Apple App store removed them last week. I am short of words like how can a government take such extreme measures by eating up livelihood of it's fellow citizens just because they want a bigger chunk of their income in the name of tax and TDS? This has left the users without any option for trading as they have already applied huge taxes on Indian exchange. Guess what, the same corrupt government will be voted to power once again who have zero understanding about finance and growth.
Now what's the way out? how do we continue trading? Any suggestions would be highly appreciated.
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We have often seen youngsters are more open towards crypto and adapting it wherein the older generation like the ones who are in their 40s and above are reluctant towards crypto and often term it as bubble or scam though they know that it's not a scam. Is it out of jealousy that they couldn't onboard into crypto at the right time hence bad mouthing it or else just that they are not ready to accept something knew as kids are becoming millionaire with crypto which was never case with any other asset hence this looks too good to be true for them.
Note: I am not saying everyone above 40 years are reluctant but it's just my experience and it might be related to certain geographical location or certain set of people. I am not generalizing it but share my experience.
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Most of us will have negative answer in regards to this topic but just wanted to understand what's your opinion on your country's current regime and I am sure there might be numerous negative stories about them but is there any good thing which they have done for the people which other countries should follow? like some rich arab government which pays their citizens and funds their education or Europe and western nations have minimum wage, etc.
what's the best thing your government has done which should be followed by other nations ?
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I have often seen that trading volume has been reduced by more than 90% in Indian exchanges after the draconian tax implemented for trading and users have switched to international crypto exchanges but how does Indian exchange still make money or survive? Are they still managing with the profits they earned all these year? Some have shit down operations and some has laid off their employees but will there be any changes to the regulations? Even exchange owners are afraid of speak out against the current regime fearing repercussions but if things don't change them once booming Indian Crypto exchange industry will die a slow death. What are your thoughts on this? Just an articles posted fortnight ago in this regards - https://www.firstpost.com/tech/indian-crypto-exchange-wazirxs-trading-volume-falls-by-90-per-cent-as-regulatory-delays-continue-13529432.html
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Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.
When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.
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I have seen some bonus and offers for pre sales of a project named coinRexx and i did some research and couldn't find anything unique about this project but it was marketed as audited by BlockSafu which made me but suspicious as I haven't heard much about BlockSafu and then when I researched about BlockSafu I didn't get satisfactory outcome hence just wanted to check if you have any idea about BlockSafu because it looks like a shady auditing firm to me, I may be wrong hence checking with you all.
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As you might see in my previous posts and responses I have always considered the send half of December as a bad time for crypto because we had seen most of the bearish market starts from the end of December but this year it has been different as we have not seen any sign of bearish market till date though there has been minor fluctuations in the price of Bitcoin but it has not been more than 10% drop in Bitcoin.
I think we may not see any bear market this time due to the upcoming events like Bitcoin Halving & possible Spot Bitcoin ETF approval has leveraged enough investments flowing in and creating more demand which may subdue any larger price correction which could have occurred.
What's your opinion on current Bitcoin trend, will it continue the same way or we will go through the December nightmare once again?
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Solana has been in rally for a while as lot of speculations and news around it and new tokens on it's ecosystem has been credited for it's rally, shall we consider this as beginning and is it a good time to take entry? Someone new to crypto would say "Yes" but those who has been here for a while would be hesitant because we have seen SOL rising from $15 to $259 and then witnessed the downfall as well to less than $8.
I personally feel little bit confused because somewhere I feel if I enter now then I will be doing it in FOMO. Please share your opinion whether we can still take entry or should we wait if there would be any possible market correction and this is not for long term investment.
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There has always been a huge difference in the pay scale between the white collar jobs and blue collar or skilled labor wherein the later one put in more effort physically and do more hardwork than the earlier one.
Should there be market correction done for skilled labors?
Some will say that an white collar employee is more mentally drained out hence they deserve better pay but people who do menial job stop working the world will just rot as everything cannot be done but robots and AI.
It's sometimes sad to see how they are treated disrespectfully, be it a waiter, delivery workers, cab drivers, carpenter, or construction workers as they are the pillars and without them things will start falling apart. I know some of these can be automated but not everything.
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I hope people remember what happened in December 2017 as last quarter of 2017 we witnessed bull run and during second half of December we saw price of Bitcoin dropping down and eventually triggered bearish market for next 3 years approximately and we are going through similar stuff but this is not a full fledged bull run but still we have seen crazy pumps for some Altcoin and even Bitcoin has increased. Are we going to witness price correction or bear market now ? Or else this time it's gonna be different and Bitcoin will reach new ATH and we won't see any bearish pattern in December ?
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Do we really consider economy by GDP ? My answer would be no, If you look at world's largest economies their foods are slow poison and every single thing is expensive compared to some under developed nations. I had chance to see some Central Asian landlocked nations and was really surprised to that they organic foods and there are no adulteration unlike our chemically processed food which we consume and the best part is that they have their own house's and a backyard garden where they grow their own fruits and vegetable for consumption wherein on the other hand our living space has been squeezing as we develop further but guess what our GDP is increasing, But all the profit goes to the big capitalists who are on top of everything.
GDP doesn't represent the citizens growth of that particular nation when the average working class people are paying exorbitant price for rent and food wherein there are countries where people are living peaceful countryside life paying less than 1/10th of what we pay for food.
There are pros and cons of these nations which I am referring to but I thought of highlighting the basic necessities and how it's been robbed from us in the developed nations in the name of growth and higher GDP has nothing to do with growth or happiness of people which is often misunderstood. Because there is no economy which has nothing to do with people of that nation.
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From past few weeks whenever I open any browser or social media all I could see is some random blogs and news about Altcoins which will have massive pump and which coins I have to invest.
Folks, it's times to be more cautious than every and never go with any random prediction provided over telegram or through blogs as it's a routine that once the crypto market is trending upwards and bullrun is expected we see a lot of experts in the market via various channels like Youtube, Twitter, Telegram, Discord and WhatsApp group sharing random coins with catchy headlines like "Top 5 altcoins with 100x pump", "Whales are investing in these altcoins", "Altcoins which will go to moon", etc.
Please try to understand these are the same people who spreads fud during bear market and impersonates as experts.
Don't go with any such predictions and rather do your own research because I have seen people randomly investing into shitcoins just because it's mentioned over Twitter and the person who has tweeted has huge followers. There will be so much of deceiving as they will share some 10 coins and even if one of them prospers they will use it as upselling point.
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