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1201
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Alternate cryptocurrencies / Altcoin Discussion / Re: Has Bitcoin Lost it's Fervor for Percentage Gains?
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on: May 30, 2023, 06:59:24 PM
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We should understand that the bitcoin market capitalization is now worth over $500 billion. It needs hundreds of billions of dollars to double its price which is still very doable but not so fast. This is the same situation with the other top altcoins like ethereum and BNB that became more valuable throughout the years.
In investing, stay realistic to avoid getting disappointed. The higher the risk, the higher the reward. So if someone is looking for an investment that can possibly x10 in the next bull run, feel free to do heavy research on some potential coins that are undervalued. Specifically, those coins that are not in the billion-dollar market cap.
Coins from the top 20 will no longer grow steadily and you won't make much money there. They are, you might say, low-risk investments that are likely to bring you money, but not much. Of course, right now it looks like coins meant for big capitals and institutionals and I partly agree with that. Coins like ETH, BNB, ADA, etc. are very poorly suited for portfolios that have liquidity of a few hundred or thousands of dollars. For 3-4 years of holding such portfolio investor will get max 500% profit, which is great for traditional finance world, but very low for crypto investments, the same SUI gave 5000% profit for few days to those who bought through WL. |
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1202
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Alternate cryptocurrencies / Altcoin Discussion / Re: Do not be pulled by the hype of meme coins
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on: May 30, 2023, 06:21:12 PM
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-snip-
You are drawing the wrong conclusions by citing your own purchase as an example. The correct conclusion is that there is no need, amidst the hype around one well-known project, to enter into other similar projects. Memcoins never grow without proper manipulation and proper marketing. The case of pepe or shib tells us that there was a good budget, marketing, and support from certain figures in the cryptocurrency world to promote these tokens. These are qualities that other memcoins don't have, but for some reason people hope that if they buy some similar memcoin, it can behave as well as its known counterpart. That's the conclusion you should draw when you lose money on a memcoin nobody knows about. Plus being hyped that someone which is known and popular like Elon. We arent that blind on how Pepe and Shib or even Doge did make out that significant increase into its price for how many folds just because we know that Elon did really make out some tweet about those coins which we know that this market is really that highly reactive when it comes to this on which it isnt really that surprising.This is where people are really that a fan on dealing with meme coins on which they do really have that kind of hope deep inside that it might really be that hyped by someone and make out those x100 or x1000 or more. This is why on the time that theres some coin which is really that good when it comes to marketing and does really have that kind of hype, then people would surely be diving in and having that kind of hope. Its meme coins which doesnt have that utility and this is why its really that risky when it comes to long term holds and if ever you would really be having plans on dealing with it then it would really be better to go for short term trades on which on the time that you do see gains then better pull it off directly before its too late. Pump and dumps is the usual scheme. The whole point is that even many conventional altcoins, which have capitalizations of hundreds of millions of dollars, also have nothing useful, but they do not behave the way memcoins do. They can live for years and rise in value and fall organically, without extreme behavior. I'm talking now about all sorts of clones of various ETH, BNB and other well-known projects that parasitize on ideas that have already been implemented. The problem with memcoins is that they force a huge number of people to buy at the very highs and after that there is a sharp dump. Very few investors have the opportunity to buy memcoin at the very beginning, but the usual altcoin to buy in this way is still possible, and this possibility is much higher. |
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1203
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Alternate cryptocurrencies / Altcoin Discussion / Re: Tron could be next doge or ada?
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on: May 30, 2023, 06:15:03 PM
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Binance hardly supports USDT because they have their own counterpart in the form of BUSD. It is more profitable for them to support it than competitors' coins. USDT TRC-20 and TRX are very well supported by Huobi, since this exchange is owned by Justin Sun. TRON seems more utilitarian to me now than DOGE, because DOGE is already a toy for speculation of one famous billionaire, but TRX is actively used for USDT transfer. This method is still very popular among the community.
The TRC-20 variant of USDT still has widespread support among the biggest exchanges in the crypto/Blockchain space. It's what's keeping TRX alive. If USDC and other stablecoins move to the TRON blockchain, then we should expect TRX to rise in popularity. So far, interest for TRON is declining because developers aren't making interesting dApps on it. The vast majority of dApps on the TRON blockchain are nothing more than just pure garbage. Competing chains like Ethereum and BNB are better in this regard. I guess that's why TRX's price hasn't increased that much lately. USDC is also actively represented in the TRON network, and has been for quite some time. Only it has not had much effect on the growth of TRON itself. Maybe because USDC is not as popular for simple transfers as USDT? Although on DEXs USDC is also popular in various swaps. Competing networks are better, I agree, but there's obviously not less garbage there, especially in BSC network, where the number of scam tokens is fantastic, probably a record among all networks for the last 2 years. |
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1204
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Alternate cryptocurrencies / Altcoin Discussion / Re: What happens to altcoins ?
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on: May 30, 2023, 06:04:54 PM
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-snip-
Nowadays, almost any investment in the crypto market will lead you to a loss. The beauty of investing is the duration of the hold. There are cases where an investment is underwater for a year and then gives just a crazy profit. The question is how you treat your investments, if as a means of speculation on short and medium timeframes, then most likely you will not earn much, more likely you will even lose. And if you buy and forget about coins for several years, you can get a pleasant surprise in the form of a big deposit. Do not try to look at your portfolio every day and calculate losses or additions to the deposit, with such behavior you will not be able to fully profit from your investments. Only patience and calmness. I believe that the best thing to do in this case is to make sure that you invest and then you wait, and how would you wait? You should act as if you have no money in the crypto world, if you keep checking the prices every 5 minutes then you are not going to make any money but if you let it be and act as if you have no investment in the crypto world then you will not worry because if you don't have anything, why worry about it going down at all? It would be fine. I would say you should act as if you don't have the investment you made at all, and then something suddenly started happening to the coin. For example, the price dropped sharply. This will prevent the investor from making rash actions, made on emotions. Keeping a constant eye on investments is only worthwhile if an investor applies DCA and wants to average out investments already made, but not at the best price. |
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1205
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Alternate cryptocurrencies / Altcoin Discussion / Re: Will you invest in a project that might take years to outshine the market??
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on: May 30, 2023, 07:17:55 AM
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-snip-
Not always because of the hype. New projects at the start of trading have a very small circulating supply, so it is very easy to inflate the price of such projects, exchanges are actively involved in this. After the price is artificially inflated, an active sale begins, and the project price is flying to the bottom. After she reaches the bottom, the supply has time to increase and price jumps are not as rapid as before. In fact, all these big candles are caused by short-term speculators and stock bots more often than just the hype around the project. You're right about cryptocurrency exchange inflating the price of a newly created project that just got listed and that's why I never join the trading competition of a new listing project because after the trading competition ends the crypto bottom price will come to life but we can still categorize it as hype because marketing is done in diverse ways and strategy procedure that put the project an on the edge is hype. On centralized exchanges, investors like to lock in profits, so prices begin to update their lows, but before they do, they very often rise even higher than they did before listing. That's a good amount of time to lock in profits. Assets like memcoins or nft cannot be held for long, but you have to constantly monitor the market to sell all these tokens at the most profitable moment. If the hype ends and the investor still has the coins, then you can forget about the profit, at best this investor will sell everything at cost, but more often than not the sale turns out to be a big loss. |
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1206
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Alternate cryptocurrencies / Altcoin Discussion / Re: NFT OR MEMES
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on: May 30, 2023, 06:44:40 AM
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Most likely this madness will not happen again. Maybe we will see new NFT token hypes on new token standards or in new blockchains, but we will not see people who will be ready to buy these tokens for millions and tens of millions of dollars. People have already realized that this useless garbage is not worth that kind of money and investments in such projects are doomed to REKT. What used to be a reason to brag about their NFTs is now seen as shameful. Many of those who bought NFTs at such prices prefer not to name the real prices they paid for these NFTs, because they are ashamed.
There would obviously be another hypes, but either way it's not going to last long anyway. The cycle would just continue each trends. I am kinda seeing AI coins being the new trends, but again, this cycle might happen again, lol just like how NFT craze went silent. The hype around artificial intelligence has been going on for quite some time, relative to other hypes. The industry has also seen hypes for zksynk, brc-20 tokens, and memcoins. The last 2 hypes are even now being actively promoted in various social networks. The haip around PEPE has already subsided, but new memcoins continue to appear, and in large quantities. Basically, these are all pepe clones, but as long as people will buy these shitcoins, they will continue to appear. |
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1208
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Alternate cryptocurrencies / Altcoin Discussion / Re: Do not be pulled by the hype of meme coins
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on: May 29, 2023, 06:55:24 PM
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What am ranting about is meme coin can make you rich but can also swallow the gains back and the belief that buying during presale is not always right as lovehateinu is a proof. If you are a risk lover then make thorough research on a project before jumping on it and always consider it's community, use(if any), and don't do HODL is not Bitcoin. Read that some meme coin are created via inscription on the Bitcoin blocks and they are the hype now, well I am of the opinion that ordinals are just a phase like having a new toy would be fun for the first time until you get bored and get to another.
Chose to post this because a friend bought lovehateinu because he saw it in various websites but the reality was a dip than the presale price. I might be biased on my thoughts on meme so would be happy to hear our views on them.
You are drawing the wrong conclusions by citing your own purchase as an example. The correct conclusion is that there is no need, amidst the hype around one well-known project, to enter into other similar projects. Memcoins never grow without proper manipulation and proper marketing. The case of pepe or shib tells us that there was a good budget, marketing, and support from certain figures in the cryptocurrency world to promote these tokens. These are qualities that other memcoins don't have, but for some reason people hope that if they buy some similar memcoin, it can behave as well as its known counterpart. That's the conclusion you should draw when you lose money on a memcoin nobody knows about. |
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1209
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Alternate cryptocurrencies / Altcoin Discussion / Re: New ethical memecoin; PEPA
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on: May 29, 2023, 06:26:06 PM
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I think you should stay away from this BS. The project almost completely copies the famous PEPE memcoin and claims itself after the hype around PEPE is over. What can you hope for when you buy this shitcoin? That it will make you richer? No, it will only make the creator of this clone richer, and all this legend about morality is just beautiful words to somehow attract investors, if nothing else can attract.
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1210
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Alternate cryptocurrencies / Altcoin Discussion / Re: Has Bitcoin Lost it's Fervor for Percentage Gains?
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on: May 29, 2023, 06:08:04 PM
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At this stage of bitcoin and altcoin development, bitcoin can only make you a millionaire if you have a large deposit, like $50 or $100,000. If you have $10,000, for example, neither ETH nor BTC will make you a millionaire. The growth of these coins has slowed down a lot and is unlikely to keep the same pace as before. Altcoins can make you a millionaire even with a modest deposit of several thousand dollars, and in just a few years, but you have to try hard and keep abreast of all new and promising altcoins.
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1211
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Alternate cryptocurrencies / Altcoin Discussion / Re: What happens to altcoins ?
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on: May 29, 2023, 05:52:06 PM
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Well, I bought some fractions of Bitcoin at the price of $30K, ETH at $2,100 but unfortunately they have been going downward since then. The bearish trend in the whole market is still prevailing, which greatly impacts on coin prices. Despite the bear market, Bitcoin is still holding on its ground with its price not fluctuating over the top. However, the altcoins are becoming more volatile than before and I begin to doubt whether investing in altcoins is a wise choice. Did you invest in altcoins ? What do you think of the current altcoin market ? Please let me know.
Nowadays, almost any investment in the crypto market will lead you to a loss. The beauty of investing is the duration of the hold. There are cases where an investment is underwater for a year and then gives just a crazy profit. The question is how you treat your investments, if as a means of speculation on short and medium timeframes, then most likely you will not earn much, more likely you will even lose. And if you buy and forget about coins for several years, you can get a pleasant surprise in the form of a big deposit. Do not try to look at your portfolio every day and calculate losses or additions to the deposit, with such behavior you will not be able to fully profit from your investments. Only patience and calmness. |
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1212
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Local / Other languages/locations / Re: বাংলাদেশ (Bengali)
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on: May 29, 2023, 02:18:52 PM
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আমি কোন কিছু পোস্ট করতে গেলে পোস্টের উপরে কোন ছবি দিতে পারি না কেন?
আপনার ছবিগুলি প্রদর্শিত করতে হলে, আপনাকে কমপক্ষে একজন Jr.Member সদস্য হতে হবে। এবং এই র্যাঙ্ক অর্জন করতে আপনাকে কমপক্ষে ১টি মেরিট পাওয়া উচিত। পি.এস. এবং হ্যাঁ, merits প্রার্থনা করা বন্ধ করুন। ফোরামে এটি নিষিদ্ধ। আপনি আবার আপনার পোস্টগুলিতে merits জন্য প্রার্থনা করলে আমি সেগুলিকে মুছে দেবো। |
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1215
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Local / Other languages/locations / Re: বাংলাদেশ (Bengali)
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on: May 29, 2023, 11:54:11 AM
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Xal0lex
Moderator
আমি যখন কোনো পোস্ট এর "Quote" বাটনটি ক্লিক করছি তখনই আমার ডেক্সটপ স্ক্রিনে এই লেখা টি দেখাচ্ছে।
[An Error Has Occurred!
The post you are trying to quote either does not exist, was deleted, or is no longer viewable by you]
এই লিংকে আপনার প্রোফাইলে যান https://bitcointalk.org/index.php?action=profile।এই লিংকটি ফলো করুন।  দেখুন এই আইটেমটি হাইলাইট করা আছে কি না? যদি হাইলাইট করা থাকে, তবে এটি অচল করুন।  এবং পৃষ্ঠার নীচে "Change profile" ক্লিক করুন। |
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1216
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Alternate cryptocurrencies / Altcoin Discussion / Re: Will you invest in a project that might take years to outshine the market??
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on: May 28, 2023, 06:05:49 PM
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My belief is that any new project that makes a huge surge in price in the short term of its launch is a hype-based project because most of the market-leading cryptocurrency project we have today was in existence for years before they could get the good adoption they had today.
This is the reason why we see some crypto investors being a victim of meme coin hype because the multiplier made by a certain project in the market is the major focus of some crypto investors these days.
The years a project shine is not my major concern cause the fundamental concept, the issue it solves, and the project's uniqueness is the reason why I invest in an altcoin if I must invest in any. Besides, there's a certain privacy coin that was launched 4years ago that I am holding and most privacy enthusiasts haven't noticed the coin but the developer are working hard and introducing new things into the market.
Not always because of the hype. New projects at the start of trading have a very small circulating supply, so it is very easy to inflate the price of such projects, exchanges are actively involved in this. After the price is artificially inflated, an active sale begins, and the project price is flying to the bottom. After she reaches the bottom, the supply has time to increase and price jumps are not as rapid as before. In fact, all these big candles are caused by short-term speculators and stock bots more often than just the hype around the project. |
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1217
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Alternate cryptocurrencies / Altcoin Discussion / Re: Do you trade altcoins during the bull run or just hodl?
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on: May 28, 2023, 05:34:38 PM
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Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.
What makes you so sure there will be a bull run next year? What is the basis for that assumption? Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?
Statistics and personal experience show that it is possible to earn more when you do nothing with altcoins and they lie quietly in your wallet. As soon as you start to speculate with them, you start to lose. The fewer trades, the more money, it's a long-established law. Those who make one trade a year earn more than those who make one trade a day. |
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1218
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Alternate cryptocurrencies / Altcoin Discussion / Re: NFT OR MEMES
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on: May 28, 2023, 05:17:41 PM
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Let me give you 2 topic names and tell me which one would get more replies "men spends zero dollars on nft because he finds it useless" and "men spends a million dollars on an ape image", which one do you think would get more attention. We see news because they are newsworthy, if something is not newsworthy we are not going to hear about it, doesn't mean it doesn't exists, it just isn't what interests people.
Most likely this madness will not happen again. Maybe we will see new NFT token hypes on new token standards or in new blockchains, but we will not see people who will be ready to buy these tokens for millions and tens of millions of dollars. People have already realized that this useless garbage is not worth that kind of money and investments in such projects are doomed to REKT. What used to be a reason to brag about their NFTs is now seen as shameful. Many of those who bought NFTs at such prices prefer not to name the real prices they paid for these NFTs, because they are ashamed. |
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1220
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Alternate cryptocurrencies / Altcoin Discussion / Re: Tron could be next doge or ada?
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on: May 28, 2023, 04:29:06 PM
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TRON isn't being taken seriously especially when it's been quite inactive in terms of development and innovation lately. With founder Justin Sun getting in trouble with the US, the future for the cryptocurrency seems bleak. I believe TRX will end up being like DOGE as a speculative cryptocurrency with no future ahead of it. The TRON blockchain may be fast and cheap to use, but it lacks quality dApps that are available on more robust Blockchain networks. What's keeping it alive is the USDT stablecoin and some exchanges with big investments on it (like Binance and Poloniex). If it wasn't by that, TRON would've been dead by now. Unless developers start taking TRON seriously, TRX (the cryptocurrency) won't be going anywhere soon. Just my thoughts  Binance hardly supports USDT because they have their own counterpart in the form of BUSD. It is more profitable for them to support it than competitors' coins. USDT TRC-20 and TRX are very well supported by Huobi, since this exchange is owned by Justin Sun. TRON seems more utilitarian to me now than DOGE, because DOGE is already a toy for speculation of one famous billionaire, but TRX is actively used for USDT transfer. This method is still very popular among the community. |
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