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I hope 20k is the bottom and we already hit it. With so much recession, inflation, and economic crisis crypto as well were affected, so I am not surprised at all that market not yet recovering few days from now. Besides, bear market as well is one of the big reasons we hit the bottom of bitcoin this week. Really hoping we can have a green candles for a bit of hope of small recovery.
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This is the reason that never join the hype especially tokens named to a popular tv series show, squid game because in the end it will scam many people. This is a degen type of the project, a pump and dump, rug pulling people who bought at the top and exit afterwards. Many similar bsc project had rug pulled and this is not the first time though.
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I also agree that NFTs are just hype and don't really have a utility and used case that will bring forth adoption of blockchain technology to the world. LUNA was the biggest crypto crashed in the history I known of, so I felt pity to those investors that lost their life-saving and even worst took their lives because of it.
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Cashless is a dream for satoshi, that's why bitcoin was made for that one of the reasons too and for sure incoming years we can experience that with full adoption. But for now, we have lots of work to do to have full worldwide implementations though some countries already had a cashless payment system hence majority of people has smartphone to make those online transactions. Even third world counties were now using cashless payments.
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Paypal is one of the biggest payment system in the world and having the adoption of bitcoin is a big achievement of bitcoin in past few years now. It means adoption is just the beginning for bitcoin's continues success in the crypto space. Even bearish market we have right now, the future of bitcoin is still exceptional.
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Really no hope now to revive and save Terra Luna, it is now a sinking ship in my opinion. Investors and supporters lost faith on this project and so sad many people lost their life savings and worth many committed suicide over this. This is the worth crypto asset meltdown I had seen in my crypto journey. Even the founder just dodging bullets now because many investors angry at him.
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Who knows what future holds for us and owning such amount is already an opportunity because bitcoin's price surely will grow even more for how many years to come. For many years to come bitcoin supply will decrease even more and all bitcoin will be mined and with that the supply and demand will increase. Those people has hold what ever the amount will surely benefited to it.
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Taking profit is the best form of making money in crypto and best strategy to advice to people new in this industry. I think "exit" word is misleading, maybe you meant how to take profit in crypto. Of course in crypto greedy attitude shouldn't be practice because this is the common mistakes to new people here. Taking profit is not bad, as long as you make goals and set standards, everything will be okay.
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Is NFT still on hype? I am not sure though hence NFT trends became low now based on my observations and most NFTs now are just hype and really don't have utility. Wealthy people just behind it that's why it has value on it and of course known people hyping it that's why people bought it anyways.
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Proof of Authentication Post Bitcointalk Username: raidarksword Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1190673Telegram Username: @byetracer Discord Username: [ANBU]Shinta*#6246 Campaign Category Participated: Twitter, Facebook, Telegram, Signature BSC Wallet Address: 0x8d87D71579020aFbe7bc4405E3EAdF37412a7929 |
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Lucky those people who got eligible for this airdrop and I have friend got it too, lucky for them but sad for me though. I should have donated on grants long ago but I missed it because I think the network was on Ethereum but I came late to know it was on Optimism network. Anyways, congratulations to all who got the airdrop in this community.  |
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This is not only the reason at all to remember before anyone to quit in the crypto industry. There are much more to look forward to and that's adoption is still much on going and very much strong as well. Bear market is just a sentiment to bag more assets and wait for next bull cycle in coming years. Millionaires are made in the bear market, so don't quit and continue to embrace the future of finance.
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We need more information about the project you like to buy because with the price speculations alone we cannot determine if that crypto is worth to buy or not. We don't know as well if that price is on the ATH or in the lowest in history. A good project to buy is either have a good future, backers, good fundamentals and have a real life use cases.
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Apparently, I don't have holding of any of that you mentioned but with bear market we have right now it is a good decision though to hold it and wait for bull seasons resumes. I have some holdings some other coins too and I believe it on it that they will make my life change in a big way. So, if you believe in your holdings then keep it strong and eventually it will bring you good fortune in the future.
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I would chose the two for its has potential growth in this market and both are having reputation towards in this crypto industry. They may have pros and cons but both of them literally have good adoption for past years now and it will have more growth in the future to come especially more price actions.
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It would happen next 2 years 2024 from now and it would not skip at all, it was already on the algorithm to proceed with the halving no matter what. That year gonna be exciting to look forward too because it is the next cycle of bull seasons and for sure its gonna be a happy year for us in the crypto industry. For now, we have to render and survive the bearish market seasons and accumulate more assets while in dip market.
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For me this is a healthy correction and it is a buying opportunity for new people in the industry. We had a heck of ride last year and every coin/tokens blasting off and this correction is the best to happen to make the market more rational and more investors coming in. Bitcoin may drop many times but adoption is still very strong for us to embrace and next payment system in the future. Buying this bear market is the best decisions of our lives.
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