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I think your answer is very well. You have done your duty as a friend to state the facts objectively and give the final choice to your friend. I cant think any better response, buddy, you have done your job.
Recently the crypto market is gradually bear, the price of all kinds of coins have fallen a lot, hope your friend has sold coins before the crash.
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I saw a similar discussion a few years ago, but until now the forum hasn't issued forum coins and I guess it won't be in the future. If you dont believe you can use the forum search function to search and you will understand.
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I think that just only an ad，people can upload or post what they want，but it is not means that we have to buy it. We have our judgement，we will not just because of the video says ADA to $10 or one post talks Theta to $1000 then we believe it.
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I have been investing in cryptos for some years now and i always have to fight a battle with myself whenever i sell some of my cryptos or close my positions in a trade and the price continues to go higher.
Sometimes i regret selling, while sometimes i just try not to look at the particular crypto anymore to avoid having regrets.
Do you also encounter this? And how do you deal with it?
Yes, when you sold on uptrend u must face this issue, but the purpose of your sell decision is to avoid any possibility that market will turn back to downtrend, so the answer for this issue is just forget it and remember what is the purpose of your decission. Past is past，consider more not advantageous. Since the coin has been sold, why bother, the opportunity of making money in crypto market is many，if you just can grasp one or two chance i think it is would be a lot money. |
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The bear market has been creeping in for some time, and you have known nothing. Obviously it is downtrend now that is my opinion, you could sell all of your coins now and buy it back when the price is more lower.
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the most vulnerable I think at this time is BSC. because you can see how Binance's smart chain is currently being adopted for new projects. in fact, every day new tokens are created from the BSC network. the community calls them shitcoin that can be traded without a clear team and product.
I remember scam projects have official website and whitepaper in 2018, but now haha, do not need this, what scam projects need is created new coin in the chain of BSC and then can be trade in PancakeSwap, how simple and crude! |
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It's not "another" meme coin. It's "another" shit coin. Yeah, you can invest over here, but expect to get scammed or lose whatever you have invested. Only few people maybe able to make profit off it. The developers are just taking advantage of the current events. Get greedy and lose everything. Trust me, we will see more of this shit coins soon. Coins like this makes the whole crypto market look like a joke. I would recommend not to invest here. All you would be doing is encourage more developers to make shit coins.
I am totally agreed what you were saying, this stopelon just a shit coin and was creaded to make quick money, it can be pump more than 48 time in 24 hours, on the other hand, it also can be down many times in the limited time, like 100 times in one hour. Such meaningless shit coin is very risky, i wish noboday to pay attention on it. |
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There's no denying that many people are already dreaming of ETH surpassing BTC，the founder of ETH：Vitalik Buterin，he is one of them. But for me, i think is impossible at least so far. But in the future, who knows?
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I think it is too late to change the market like it used to be, now people are too affected by the tweet made by Elon Musk, whatever he says always makes a big reaction in the market, if this continues it could be that the market can be completely manipulated by a few people, this is very bad for the growth of the crypto market.
I don't think it's that bad, besides, i think there are some big whales using Elon Musk's tweet to manipulate the crypto market, not Musk. This is what we called celebrity effect, but do not worry because of one day it will fail. IMO, this round of Bull has three hypes: DEFI, NFT, Elon Musk. |
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How can DOT be ETH killer，i dont believe it at all.Based on current cryptocurrencies, only BNB is likely to play this role.
But if you have said DOT is the Bull killer, i believe it, due to almost everytime after DOT pump, the crypto market is downtrend, haha, maybe this is just coincidence.
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For I could say yes. Because Binance Smart Chain do what Ethereum can do although not all aspects. BSC is affordable in gas transaction at the same time fast and safe. While Ethereum is not friendly gas fee as of now. Because if gas fee, many users and tokens migrated to BSC. Good opportunity for BSC to gain more attraction and might be the next Ethereum.
Yes, i also see more and more projects migrating from ETH to BSC, exactly speaking, more and more projects are launching new coins on the BSC chain, like bounty project, most of them are using BSC-2 now.This phenomenon is very similar to ETH in 2017. So i think Binance Smart Chain is the "New Ethereum". |
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I had a similar experience like you, but the object is not my parents, it is my friends, but the result is also ended in failure, due to they all think cryptos are just scam even i try to explain very very hard. So now I'm just playing by myself and i have got used to it.
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I must honestly to say for this question i have no idea, i am looking for such high profit crypto too, and i believe everyone is the same at least on this forum. But the possibility of choose one or several high profit from thousands of cryptos precisely is infinitesimally small.
All in all, what you need is ask for Jesus.
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Aion？i am so sorry i have never heard this coin before. I have checked about Aion, it is not bullish now, i wish you have already sold it at the high price.
Who knows the altcoin season would ending at when? But i dare to guess, the altcoin season is already ending now.
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Safe？I think the investment of crypto market is not absolutely safe, or we called gamble, it always exists risk. If it was me, i would not buy any of the token now, not just BNB, even the market is pumping now.
Anyway, BNB is a very potential coin, besides, its price now is just 55% of its ATH, it deserve to long time hold.
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You were said "there is no reason that government Will let the btc to stay alive", then could you explain to me why BTC still alive, even is growing day by day. Can you image if BTC die now, does still exist any of the crypto alive in the crypto market. The answer is clear, BTC will live and die with the crypto world.
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I must admit, if you dont say i dont know Coinbase has not previously opened Dogecoin trading.
Obviously, Dogecoin is more and more popular, the community of Dogecoin is more and more strong, it is all about Elon Musk, we called it celebrity charm.
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I don't have deep analysis but what i know pump and dump not last forever, so if people still dare to hold i think it is worth to do as long the coin is right like Bitcoin or Ethereum. I hold BTC for now and believe it will pumped in future, no matter how long i must wait again.
You are a loyal supporter of the BTC，and we all know the truth is, the early loyal supporter of the BTC are all financial freedom now, anyway, i think you are definitely right, Hold BTC is still a good way to financial freedom, it will be pumped again in future, i guess next round of Bull BTC will reach $200k. |
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Haha，i think Elon Musk he wants the Bull back, but sadly, the Big Bull is going further and further now. Look what i saw, i saw the Bear is waving and closing to me.
Let me guess, he was trapped in the crypto market, too.
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I am sorry to tell you that it is very low chance the market can recovery this year, i think it is gonna be continuing slight declines step by step this year, next year, the year after next till the next hype comes. I've also lost a lot of money these days. All I can do is cut my losses and face the ture.
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