For me, NFT is just about preserving the authenticity of the work, while for others, it's about rapidly increasing prices and huge potential rewards. Digital content creators have found a unique way to sell their work through NFT. With the existence of this NFT, people come to know that the concept of money is no longer under the control of a centralized authority. NFT has ushered in the formal mainstreaming of financial decentralization.
While there is an increasing amount of support and confidence in the potential of NFTs, there is still a lot of uncertainty regarding their future. However, in the long run, tackling NFT as a new asset class that requires special rules would be a much better strategy.
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In my opinion, because of dogecoin which is cheap and easy to pump by Elonmusk. Besides, Elon Musk also likes memes. So he chose dogecoin as a joke coin.
The second reason, because Elon Musk has worked with the Dogecoin development team. In May last year, Elon Musk wrote on his Twitter that he was working with the Doge development team to improve the efficiency of the transaction system.
That's my opinion on why Elon Musk chose Dogecoin
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Sometimes greed will destroy us in day trading on the exchange. If it's time to sell, it doesn't hurt to sell immediately, the important thing is to get a profit. In this case, many day traders were waiting for higher gains, but in reality, the price went down and ended up cutting losses. That's the danger of being greedy.
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let's be careful because potential panic buying or panic selling might going to exist if emotions can't be controlled.
Instead, I expect many people to panic sell so I can get another chance to buy at a low price. Currently, we are still in the middle of the year, the final round will start at the end of the year, so every drop today is a golden opportunity to buy more
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I have read the news that NFT Sales Slump by 90% sales this month, Over these previous months it's been declining, Is this a sign that it's already dying? or it's just a method to gain and become durable and scalable for the long term? What do you think?
It's not dying. NFT has long been traded by artists and bought by collectors to this day. The NFT market will still exist even if sales decline. Art has always been an exciting market, and now that it's more accessible, there are thousands of people involved. This has led to some intense bidding wars and odd sales, which could be interesting to watch.
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It doesn't seem possible, but it will. Just as others have said, that bitcoin is not yet fully legal. Many countries do not accept bitcoin as a currency. So, if bitcoin has legally become the world's currency, then bitcoin can solve the problem of the national debt.
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Almost everyone is a slave, even crypto holders are slaves. Humans are enslaved by the senses, desires, and emotions. Humans begin to get used to the situation that befell them. we start to compromise with the circumstances. Humans are still slaves. we are enslaved by pseudo ideologies. We are enslaved by outdated dogmas. We too are enslaved by outdated ideas and beliefs.
That's right. Many are not aware of this. Even I also did not realize that I was enslaved by something I had created, namely emotions and desires. When I entered the crypto circle, I aim to get money, if you have got money I want to buy what I want. Unconsciously I was enslaved by my desire.
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Your opinion is of course correct, since the world was hit by the corona virus outbreak, all countries have an impact on the destruction of the economy, at the time of restrictions on human movement, investing in cryptocurrencies is the best solution if we interpret it narrowly, what is clear if we want to invest more seriously, then this is the best solution. it's limitless, because cryptocurrencies certainly have an exciting future.
Not all types of cryptocurrencies are good to invest in. Some types of cryptocurrencies will make us regret and disappointed if we choose the wrong crypto to invest in. Before investing, we should do research first. Because crypto investing has a big risk. Bitcoin and Ethereum are highly recommended cryptos for long-term investments.
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Another reason is as a result of government policy and control. We all know the banks are subject to a central bank controlled by the government, so it is not going to be easy to accept to work with something that has not been approved by the government.
Well, I agree with this opinion. Bitcoin, which has a decentralized nature, is an independent financial system that is managed by individuals without having to be regulated and controlled by the government. It is unlikely that banks will work for cryptocurrency. After all, cryptocurrencies and their wallets are everyone's bank. Crypto wallet owners are free to use their money. Unlike traditional banks.
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Yeah, FUD for me too is one of the reasons because of these. FUD comes with fake news, there's a lot of cases even before about fake news, and FUD comes in. Just like what happened on Amazon accepting Bitcoin news a few days ago, it is one of the best examples of an abrupt pump and followed by abrupt dump.
This is very true. Although supply and demand is the most common movement of the bitcoin market volatility. FUD and FOMO have a huge influence on the fluctuations of the crypto market. Things like this should be known by beginners so they don't get trapped in crypto investments
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Now the government makes rules that don't make sense, even in my country when there is a crowd then that person can be convicted, doesn't this seem excessive considering that there are more people affected by covid-19 who recover than who died.
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That is the fact that bitcoin has increasingly dominated the market, altcoin is actually not suitable to hold for a long time and only at certain moments can it increase after it will be worthless, maybe for trading can be used because the price fluctuates greatly.
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there is no doubt about that, but sometimes there are several cases that differ and even exceed the increase experienced by bitcoin, basically bitcoin is too big to dominate the market for now, if the price starts to stabilize a bit chances are that investor momentum to the altcoin is greater.
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maybe that question should be asked directly to the project in question, my assumption about the total supply of the new project is to maintain the stability of the coin so that it doesn't easily dump when it is on the market.
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Now, in essence, everyone still plays their role, from each individual at least has understood price fluctuations and the possibilities that will be obtained after entering at the current price, whether it is a loss or a profit. don't try if you can't afford to lose.
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If the value of USDT collapses, I don't think it will affect Bitcoin which can stand alone, maybe there will be other alternatives such as stable coins that have been circulating a lot today to replace USDT, and this momentum can be used to gain the trust of users.
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In my opinion, the intention of the defi itself is actually very good, but the price of the DEFI token is very fluctuating which cannot guarantee anything, many projects have switched functions to DEFI but only a few can actually be used, the rest is just a pump and dump.
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I think it will be around $ 19,500- $ 20,000. the reason I chose this number is because we've already hit $ 19,900 in a year that was so tough with the pandemic that it is an excuse to end an extraordinary year for bitcoin to move on to surpass the ATH that happened in 2017. The current market is strong enough to welcome the new ATH in 2021
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Nobody knows, while you understand the risks why be afraid of your choices? Whatever decision you make, that's what you have to believe in, if you feel uncomfortable with your current position, you are free to take any action.
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The impression is too excessive, whatever is offered may not necessarily come true. for me personally would not dare to participate in an event like that. by the way does anyone know what exactly they have to offer?
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