Maybe if he implements Dogecoin towards services that Twitter uses. Heck even without doing anything I think Dogecoin owners would hype it out since they can freely assume that Elon would inevitably do something positive with DogeCoin together with Twitter, I'd imagine the market would pump immediately if he announces any official direct involvement with it.
Because Elon Musk already became a new owner of Twitter, Chief Twit as is written on his Twitter profile, people believe that he will use Twitter as one of his ways to shill Dogecoin. I don't think they are wrong about that but Dogecoin has a good specification technically, it is a Proof of Work coin so it won't die if mining won't stop. Moreover, Dogecoin has a big influencer, Elon Musk and he has a big Twitter account that can be used very effectively to shill Dogecoin, if he wants to.
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Bitcoin has cheaper transaction fee than Ethereum. However when you are discussing about transaction fee, you should know that you have no control about that if you are using a centralized service for your coin. When you make a withdrawal request, they will approve it (or disapprove it) and proceed it by broadcasting it to Bitcoin or Ethereum network. Centralized services charge very expensive withdrawal fee on users. Fortunately, if you are using a non custodial wallet, you can control your coin inputs (for each transaction) and fee rate you want to broadcast that transaction. Generally you can check average transaction fees on Bitcoin or Ethereum network with Blockchair.com's tool: https://blockchair.com/compareChoosing Bitcoin, Ethereum and unchoosing other blockchains. You can get comparisons between Bitcoin and Ethereum network including their average transaction fees.
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One can easily understand how the price gonna affect, if he knows the basic rule of supply and demand .
The Bitcoin market is more complex than other markets and it is smaller than other markets too. Therefore it is more vulnerable and sensitive to market manipulations. In reality, it is more easily affected by manipulations that reduce impact of supply and demand correlation. It doesn’t really matter if you are talking specifically about future trades or if people are holding their Bitcoins for long term. As there are fixed amount of Bitcoins out their to be bought, so if more people show interest to buy the coin, then definitely the price will rise and hence this affects the price. Similar things also happen while buying, selling or borrowing.
With Bitcoin, it is better to say about it in an aspect of investment rather than trading or speculation. Bitcoin market is too sensitive to news that are diversifying from exchanges (hacks, upgrades, policy changes), governmental policies and regulations to globally general economic issues. Like the pandemic, we can not predict will it happen and when it will occur. We can not predict too far about future on Earth, everything from society, politics to global health issues.
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Solana $SOL has more than 200-fold growth in the past bull run and recent months within a bear market, we have been witnessing a dramatic correction of Solana.
I don't believe too much that the bear market has been over yet and I believe it will take a few more months, maybe almost a whole 2023 year to have an ending of bear market. Solana must resolve their technical problems too as only the support from FTX and Sam FTX are not enough for Solana to take off and make a new all time high.
The coin must have better technical specifications as well as more smoothly operations and bigger capacity on their blockchain. Recent months, a lot of NFT projects have issues of performance on Solana blockchain and the Solana ecosystem will not grow more if such problems won't be handled well enough.
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You can get trading volume from Coinmarketcap or Coingecko but it is only a draw picture for you. If you are not in market, you will not know what happened in the past. Whether trading volume non-ogranically increased because some big exchanges run free trading fee (zero trading fee) events for users. Like Binance did recent months. Such events can force people to trade more that will cause higher trading volume but it is not trading volume because of demand from investors or traders. Zero BTC Fees: A Quick Liquidity UpdateHigher trading volume with time shows the adoption growth. Lower trading volume in a narrow window shows a kind of accumulation, angry, disappointment, give up.
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A friend told me that he has an "premium" bitcoin wallet. sometimes he called it gold level wallet. what does this mean?
It is scam very likely. With Bitcoin, you will have custodial wallets and non custodial wallets. What you mentioned are similar to Ponzi scheme and I guess they are wallets for people who open accounts in Ponzi companies which try to use Bitcoin as a tool to scam naively and unknowledgeable people. Custodial vs. Non-Custodial Wallets: What's the Difference?
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Most are saying that PoW is decentralized and PoS is more centralized. how PoS more centralized ? my question is most are now PoS so it will be bad if centralized.
Because with Proof of Stake, developers can mint their coins from air, at genesis block and they even have a mint function which allows them to mint more tokens later if they want. If you need an example, it is Terra (now is Terra Classic) About centralization, it can be explained by minting and the dominating coins or tokens owned by developers and founder team. With such huge coins or tokens, they will have very big staking weights that can manipulate the network even in community vote for important decisions. The halt of Terra Classic network in May and the half of Binance Smart Chain last month are good examples about centralized networks.
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Bitcoin has its high value because it has use cases and has been accepted globally. From value, it has price on the market and despite of price volatility on market, its value increases solidly with time. Bitcoin has changed the world and forced governments to research, develop and launch their CBDCs. Price is not important than value because we need it has value first. Value is made up of its use cases and adoption. Fortunately, we see both use cases, adoption of Bitcoin having growth with time. Governments will not launch their CBDCs if they don't see advantages from blockchain technology and Bitcoin is a successful pioneer in blockchain. CBDC tracker: https://cbdctracker.org/
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One of best weapons in trading (stop loss order) What is a stop limit order ?Stop loss order is a good one to start when you want to manage your position better. However if you want something better, let's try stop limit orders. The stop limit order gives you more time and opportunity to close your position before any kind of terrible liquidation like Cascade effect on the market appears. These orders are useful even you only use Spot trading. It helps you to exit when price breaks a trend downwards and if you still really want to buy that coin, you will have chance to buy it at lower price.
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There is no completely replacement for other currencies. Cryptocurrency is one of things that is used by human society, from fiat currencies, precious metals like Gold, silver and other means to exchange value.
They are parts of way people use daily to buy or sell things, to exchange between one and another, to trade, to invest. If anyone says cryptocurrency will replace fiat currency, that is not true.
You can see an example between paper book and e-book, they are co-exist as in the society, there are different people who would like to read paper book and others would prefer to read e-book. There are people who are ready to use both types of books for their convenience.
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You're right about that. But people don't care which is the real Ethereum or which one is the "copycat". What they care about is which chain has the most dApps, tokens, and services behind it for a great user experience. Despite ETC being 6 years old, there hasn't been any kind of innovation that would help bring the masses into it. What developers have only achieved is "diffusing" the difficulty bomb to make ETC a PoW blockchain forever. But that still hasn't attracted other developers to build dApps on its platform.
After Vitalik and the core team members left after the DAO fork, the initial coin, Ethereum Classic ETC is like a dead coin. Lack of developments and innovations are reasons ETC has very low price. At least it does not dead but it is not a good coin in eyes of investors who are seriously with their capital. Without enough developments, we can not expect about innovations from ETC. Without innovations, it is hard to see price growth because the value of ETC does not rise without innovation from ETC team. Without quality dApps and/or tokens, how would you expect ETC's price to go all the way to the moon? It's all about utility in order to keep demand at its highest. At least, we all know ETC won't go away that easily because of its established presence in the crypto/Blockchain space. ETHW, on the other hand, will die quickly because of the lack of a solid foundation behind it. The cryptocurrency was only created to enrich miners and developers without focusing on its utility. Why would you want another PoW ETH-based chain when you already have ETC?
People invested in ETC just because they hope ETC will move together with ETH. ETH is a leader and can lift ETC up after ETH has its bull run. ETC is like a parasite on ETH in the market and you are right too that miners left from ETH to ETC can be another reason people still believe that ETC will have other bull runs. After ETH The Merge, ETC network becomes bigger and stronger. It has bigger communities and ETC enthusiasts believe that the game for ETC will be bigger as well.
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Well, for me Eth died back in 2016 with the DAO event and with the recent events and the POS fork and see it as dead.
Fact is the network of Ethereum has been growing after the DAO fork in 2016 and it you said Ethereum was dead after that, it is not correct. Dead after The Merge, I don't know because it must be verified by time and the people who use Ethereum blockchain. However in my opinion, it won't be dead because of Proof of Stake. If you look at Binance Smart Chain which I am sure is the more centralized network than Ethereum network. You can compare two networks' validators to see how Ethereum network is better than Binance Smart Chain. Do you see Binance Smart Chain is dead? If you don't see BSC is dead, Ethereum PoS network won't be dead. Of course that even so, Ethereum is still the leading network but slowly developers are turning to alternative networks, so the future of ethereum may be compromised.
What are your thoughts on these recent events? And what project do you guys believe could surpass Ethereum?
It is very hard for younger blockchain to surpass Ethereum and Bitcoin networks. New blockchain projects are created to promise they are building something bigger, better and more efficient than Bitcoin and Ethereum networks. In reality, their networks show more weaknesses after a few months of growing after launches.
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In cryptocurrency market, it is hard to succeed if you are relying on news. Because news are faked and used to manipulate the market. If you believe in news, you are believing in market manipulators. Manipulators don't make you rich, they make themselves richer but you will get poorer.
The more effective strategy to succeed in crypto is to ignore news and focus on fundamentals of projects that you are interested in and want to invest in.
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Any project with To Earn is in my blacklist.
There are enough projects and lessons from them for people to learn. Earn, do you think there are available money source for people to earn after spending initial capital and can play, move, run, read, vote ... to Earn forever
It is unrealistic and you should quickly realize it if you are not too greed.
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The world should not be a place without law. Even we can disagree with a lot of things launched by governments and central banks, we must recognize that they somewhat govern societies and keep things on the right track.
Without laws, without regulations, without governments, the world would be a very chaotic place that is not what I want to live in. I guess most of us don't want to live in a society without law and regulations too.
In my opinion, I agree that "Regulation is a good thing".
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Don't mind it OP, it was just speculation.
It is prediction, not speculation. You have to remind yourself that nobody was able to predict the future of Bitcoin, not even the creator of this.
Sometimes predictions are correct because the model works fine with actual market or just coincidences. Sometimes predictions are not correct because the model is broken or just outlier events from the market. But we can not put our capital into accuracy of prediction. We must have good plans to save our capital even if predictions are bad and wrong. So, it is up to you to believe this but it is better not to do it. I don't say this is no sense but of course, we can't call this a reliable source of information. However, we consider this a tool to remind us that whatever we do, still the price of Bitcoin is absolutely unpredictable.
Believe in it or not, it is not right or wrong decision. As I recommended, having other plans when what you believe in does not work fine with the market.
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It is a good start but they (employees) will have to go and experience themselves from - Being ready to receive salary in cryptocurrency - Actually receive it for their salary - Actually experience how to use crypto-salary to cash out or to pay for things in their lives - Experience increase or decrease of salary value because of the cryptocurrency market volatility
After a few months, they will have clear thoughts on whether they would like to continue to receive their salary in cryptocurrency or want to get in cash.
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First you must use a non custodial wallet for receiving, storing and sending your coins. Second you must use Tor connection when you broadcast your transactions. Third you should never reuse your address for different transactions. Use changed addresses. Lastly don't share your public address publicly if you don't have to do it. [Guide] Decent mixing methods
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Exactly. We didn't need another PoW fork of Ethereum since we've already had both ETC and Expanse. In fact, Expanse was the first ETH fork that started it all. Ethereum Classic was created at a later time when most community members were dissatisfied with ETH's decision to roll back the Blockchain because of the DAO hack.
These forks have solid reasons behind how it were forked but we can not prevent other forks when there are big upgrades and community did not reach to a consensus. Or even a consensus is reached, there are still people want to fork it and exploit the fork in order to get richer. As I've said many times already, ETHW was only created as a means to enrich both the developers and miners. It has no future simply because it has no substance to it.
Time will prove these forks are useless and very little developments for those forks. However, at beginning and early months after a fork, there will be hype and manipulation to make the wise, the whales richer.
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