It's probably because:
1. bear market 2. other projects are using alternative, there are competition out there for all we know 3. PoS merger, maybe projects thinks that it might not look at them as Ethereum is getting more centralized.
As far as the price right now, it's due to the hype, it was successful merger on the testnet level. Imagine the hype that it created, then next month it will be in their mainnet.
i am agree on point number 2, since other layer 1 chain build and offer more advantages especially in gas fee, developers team prefer using other blockchain. They heard traders or investors complaint that said eth gas too high and make it not profitable anymore trade eth token. But if eth could solved this problem , i am believe its problem will disappear and smart contract deployed will increase again. Make sense. This is also what I think, because of competitors. If you take a look at the chart, the decline started at mid-year 2020, which that the start when the market recovered and a lot of Ethereum alternative smart contract platforms popped and their TVL grew too fast just like Solana, Binance Smart Chain, Avalanche, etc.
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I actually wanna do p2p trading on binance . I wanna know how much it's safe . And is there any better option from P2P trading?
However, P2P trading platforms are safe. P2P transactions are absolutely safe on all platforms, not just Binance.You cannot do P2P trading without such a verified user. You need to be a maximum verified user to do P2P trading.You cannot think of any escape. If you think that I won't release the dollars then surely there will be authorities to take action against you and your dollars will be locked from your account will be done. There are still lot of possibilities that even how those sellers in Binance or other platforms are legit or well verified, risks still there, so that's why I am very careful to do transactions there, like double verify first the seller, check profile ,check feedbacks of past customers, and another thing is dividing my orders or splitting them into small amount with multiple transactions just to be safe.
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Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?
You must double-check it from your exchange account. Tradingview is working with API from Binance or other exchanges so for sure there are some lapses here especially when prices are volatile. You can also check from your exchange account about what type of order your take profit order is, is it a market order or a limit order? Because if it's market order for sure it will be triggered and sell/buy the order, but if limit order, there could be a spike on price and your order didn't trigger.
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Very applicable to most rural areas or remote areas that got no totally mobile data or internet connection, I already experienced this in some parts of our countries where there is no total internet connection from your mobile phone, you can only use SMS or phone call. Great innovation, this could also help to become a key to introducing Bitcoin to some people who don't really have access to internet connection.
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I was surprised when I saw this on Twitter. Because the hype on Ethereum during the past few months is very high because of "The Merge" where a lot of upcoming updates about Ethereum 2.0. I am curious why the smart contracts that are being deployed on Ethereum are decreasing. Even last year we saw a massive spike in the price of Ethereum and even the GAS fees. What could be the possible reason/s why it is decreasing?
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Don't bank on indicators 100%. They do fail some times. Remember there's no holy grail in trading.
There's nothing solid in the space or something a trader or investor can solely place his mind on which is absolutely 100%. Indicators are right for trades but they don't stop in from losing, rather it reduces losing rate, that's the main reason I have chosen to anticipate in Technical analysis in other to know the dumps and pumps of the market. (.....) Indicators are just tools to help you to analyze, help you to what's your next move, or help you to decide on your next trade. Technical analyses are not perfect, pure speculation, that's why there are stop loses for our trades just in case our analysis went to the other side, it can't be perfect.
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China is being a China. They are really against cryptocurrency especially a few years/months a lot of regulations about cryptocurrency, especially the miners. We can't blame them, that's how they look or their own vision about Bitcoin. For sure in the future they will create their own kind of Bitcoin.
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(.....) But the question now is how does one get to know the right crypto project to invest in?
Transparency. There are a lot of projects who got the issue from this, some of the projects or most of the projects are lying especially how their fund allocations, and how the tokens are being allocated on different criteria. Another thing is the roadmap or goals, they must not only for money but they must focus on projects or services that they are building or offering to people.
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Buying a house is really difficult because there are a lot of papers needed from the sellers and buyers. The scammer here is really dumb to use fake tokens to buy property, not a good move to scam people. I don't believe this, maybe fake news. Even if he/she successfully bought using the fake token, what will happen next? If there's a problem from the transaction, the scammer will not be succesful at all.
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Is the correction over? I believe not yet. Maybe the correction will not go below $20,000 but the correction may become sideways above $20,000 starting now. We may see a lot of volatility or dumps in just a short period of time or some red candle wicks. With a lot of good news on cryptocurrency right now, fundamentals. It's a very good sign that we become more stable and price action is slowly rising again to have a healthy market.
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Another thing that I observed with the recent hack on some Solana platforms, especially on Solana wallets are people crying and spreading FUD about Solana like they are telling Solana got hacked or compromised. They must know that the platforms or projects in the Solana network are the ones got issues,s not the network.
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For me, it was the Aave. I remember that their ticker was LEND. They did a rebranding (100 LEND: 1 AAVE) and after that, the price went parabolic, I remember the bear market around 2018 they started with LEND and they already have products but it was a bear market so most of the altcoins before are in lost even this one. But around 2020, the price started to rise. It's sad that I sold my LEND before the rebranding, very early.
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As a day trader or a passive trader, most are confused about how to make the best out of the market, and many will always complain of losses during a bear market, meanwhile with the right mastery one can make massive profits in the bear market and this goes further to clarify the fact that market conditions do not have much to.do with your profit maximizing but proper market mastering is what gives profits in whatever market.
Most of the traders especially those newbies are only trading spot markets, this is what I observed especially those who are new in trading or just learning, they must also try to do futures trading even with low leverage. They complain that they can't earn profits while bear market, for sure they don't know how futures trading works.
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my personal opinion is that the bottom is in and the next bull market are going to be nothing short of game changing.
For me, I can say the $20,000 is the bottom for this cycle, either we visit it again or we did already. Why $20,000? Because from the previous bull run, the top was $20,000 so it was the resistance, and now it is acting as support. I'm very positive with it, like every drop from the current price, the $20,000 support will be tested everytime.
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At least when making a post, you should outline your points first even before going ahead to put your reference link. Not everyone has the energy to go over your link reading all that. From the article, the four fundamental reason were; 1: lack of regulation 2: magic of supply and demand 3: a technology still in evolution 4: world conflict (.......) Thanks for putting it here, lol. Among the list, I am more hooked on the lack of regulation, that's why it is also volatile for example, there is some news that affects negative Bitcoin and the price will get affected in just a short period of time, because you see that Bitcoin market is 24/7, anything can happen anytime.
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That's why we called them "anonymous" because we can't identify them. It's really difficult, there are some whales who are using multiple wallets without trace or connection to different wallets but only 1 owner. This is power of decentralization, it's just amazing because you can do it without someone knowing or someone can control your funds.
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As a shock spike down yes I think its still possible. Consider it a result of volatility being high but overall I do think BTC is doing some work to put in higher lows even if we must rebuild that process more then once. (.....)
My basis also why we still have the huge possibility that we may experience to drop below $20,000 again is the volatility when Bitcoin is dumping versus it is pumping, the pressure is higher when Bitcoin is dumping. The previous all-time-high of $20,000 is a huge horizontal support for me especially before, we took years before broke that previous all-time-high.
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(.....) Question in the poll... I think 25k is a solid psychological resistance. The green candle after three consecutive red candles on a monthly timeframe was a good thing, it's more likely a trend reversal. Now after that, we can feel that Bitcoin started to create strong support at around $20,000 which is also a good thing a resistance from the previous 2017-2018 bull run.
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Earlier this week, Ethereum successfully completed its final testnet merge known as Goerli, which is the last step towards the long awaited merge and eth 2.0 (......)
To be honest, I am still not expecting Ethereum 2.0 on the date said, there are already a lot of times, multiple times that this feature on Ethereum was delayed, years ago. I understand how it is difficult for Ethereum especially since there are billions of funds running on the Ethereum network, they must be careful. Speaking of the price, I believe yes, there's a huge spike for sure for this update, either pump or dump, because we still don't know how the update will go.
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(....) Am also looking for a coin that has a good use case and serves as a utility token to a project with a large community of supporters.
Right now seems to be riskier especially if you want to gamble on some low market cap coins, I suggest also trying to do it on smart contract platforms on which most of the project is deployed, like Ethereum or Solana, it is very good altcoins that needed from your bags. And my suggestion about prominent altcoins are coins that got already product, and I can suggest to you try DeFi altcoins especially those have decentralized exchanges.
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