I was just thinking, most new projects i.e the altcoins we have today are really not bringing anything new to the table other than enriching the devs themselves, who have these projects milking the life(value) out of established coins like bitcoin which could be the cause of been bearish or the extra load that's slowing bitcoin from going to the moon.
So what could be the long term effect of having more altcoins on the market, will they help build or break bitcoin?
Could exchanges play a major role in ensuring shitcoins don't get to see daylight to protect coins that are established to grow?
Altcoins can't break bitcoin because bitcoin is not easy to reach. We can't stop a growing number of altcoin in crypto market because as the day goes by, many people always think a business inside crypto market in terms of tokens or digital currency which is the altcoins. We can't stop those who create altcoins because they know it was in demand. Many investors will invest no matter what the result is. In a growing number of altcoin in crypto market, the strongest wins. |
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I think hold is better option now for Ethereum as long as you don't need to cash out, don't sell. Ethereum slightly dropped now and the gas fee also lowered which I think will cause a bounce back. If you have extra capital, buy more now. Ethereum will develop continuously and will attract more demands again. It has a lot f competitors like Binance smart chain and Polkadot that's why it needs to develop more and lower the transaction fees.
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One of the essential ingredients in crypto is the news. If there is a news about crypto, it will be spread widely through different social media and I can say that it will have a huge impact in crypto value either it is a good or bad news. But crypto whales are also important part of the market. They cause a huge dump and pump and if you know how to ride on, you will surely benefit them.
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The best altcoin you should buy are Near, Dot, Sol. The reason for my suggestion is those coins are building a platform which similar to ETH, BSC and we all know how ETH, BSC price move. So you should consider to add these coins into yours bags and keep hold them for at least few months before next altcoins season.  Yes, all Altcoins are good to consider now, but will this year still have the next Altcoin season? if so, in what month it will happen so that everyone can wait for it to be the basics, because now the market is still not fully recovering. I think nobody knows when will be the next Altcoin season but I believe it will happen again. For now, all we can do is to buy more potential altcoins like ETH, XRP, BNB, ADA...etc as long as we have capital to buy. |
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No one really can do that. At least one person or group will not be able to do this.
Maybe if there will be a total collapsed of internet connection and electricity. Other than that, no one can shut down bitcoin because people adoption continue to increase and demands for bitcoin keep increasing. Even it was prohibited in other country, people always find a way on how to use it and invest on it. |
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Ethereum now has a low gas fee and I think many people are still supporting this digital currency. And even it has a higher gas fee, many people still using it because lot of digital coins is under Ethereum blockchain. So, why you always think that Ethereum will going to die? People are using other blockchain like Binance smart chain as an alternative for Ethereum high transaction gas fee but if it will lower again, Ethereum will regain confidence from the people.
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If I am a newbie, I will use that 10£ in learning how to transfer funds to other wallet or use it to start learning how to trade. 10£ is really small amount but for me I can start trading with such amount through altcoins because if I trade bitcoin that's not enough and can only gain a very small profit if ever you'll not lose. If you just buy bitcoin in that amount and just hold, that's not profitable. Earning huge profit is also depends on the capital amount you will use.
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What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.
Not all the time is always have a bullrun market. At this moment the market are red because we are in a bearish season, where, it's good to buy and hold. This suddenly dropped down of crypto market was also the effect of Elon Musk tweet and other negative news but it was also normal scenario in crypto market. The weak hand will panic and the whales are waiting. |
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Those who just make investments through Elon Musk tweets has no knowledge about bitcoin and has no strong foundation that's why when the market suddenly dropped they are the one who panic selling and back out in bitcoin. Elon Musk is a great influencer but much better if that time that you are influenced by him , you also start searching and learning about bitcoin or cryptocurrency to gain more knowledge and not just rely on Elon Musk word. Bad news and good news are both have a huge effect in crypto market and the ups and down on the value of coins are normal and it was what trader wants in order to earn huge profit, but for the holders, you still need patience until market recover again.
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There is many More better blockchains with much better use Cases and utility.
ETH is one of biggest.
Btc is still alive only reason for that is some very powerful and influenceal people want btc to be alive there is no use Case no utility other then speculation even to Move dark money btc is not good even to make Transactions between companies not good.
So I guess btc is alive only that some big important rich person Can speculate and dump btc on poor suckers.
So to Say to take money from people and scam them.
I feel like you really hate bitcoin so you can always say something negative about it. Bitcoin is still alive because there are still huge demands not only rich people but even those at the middle and lower class who also took part to believe in invest in bitcoin. Why you don't try to believe in bitcoin and start to invest on it so that you can understand why bitcoin is still alive and so valuable until now. |
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We still see Bitcoin price struggling to go up to even $40k now. It is $35k again. Sooner or later, Bitcoin will of course start recovering. But I've started losing my faith in Bitcoin to reach $100k in this year though.
I think you also need good news like others to regain trust in bitcoin. You don't need to worry if you know how crypto market works. You just need to wait until bitcoin market will bounce back after dump. If there is a good news, then for sure the bitcoin demand will suddenly increase. |
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How will it be Binance Smart Chain to be a new Ethereum? Binance Smart Chain just an alternative for Ethereum in terms of gas fees but BSC is Binance chain and ETH is remain in Ethereum blockchain. They are different different to it's other, don't make a confusion.
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Agree i read a lot of this kind of words, they keep saying "is this too late to invest or not?". But they will repeat it again in the next few years, for me everyday is the best day to invest on bitcoin.
Yes, everyday is the best day to invest as long as you have a capital. Investing doesn't need an exact time and date but now that bitcoin dropped a little , then it's good to take this opportunity to buy more and hold for better outcome and huge profit in the future. |
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Why we need to worry? Bitcoin is volatile and crypto market already dropped many times but it bounce back again. Only newbies without enough knowledge about bitcoin will panic about the sudden decline of bitcoin price. This time that the value of bitcoin dropped a little, it's good to buy more before it will go up again. Better to invest and buy now than to regret later when you see bitcoin sky rocket again and reach another ATH.
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Who knows? All are speculations and only the market demand can tell despite of market manipulation. Many people very much likes investing in altcoins because it can give a huge profit in just a short period of time but it can also give a huge losses, depends if you are lucky or not.
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Take profit! Take profit!! You've been warned, do not end up like many in 2017 bullish cycle, there is always a end to everything and nothing goes up forever, everything happening in this world is merely time based, I'm not saying BTC can't go to 65k or more but this market is getting more dangerous every day, to me crypto market is now in gamble state, don't be a tool to those who are experts in controlling the masses, you think there aren't those pulling the string? Wake up already.. we don't know how longer they will keep pulling the string and roll you over, be smart
We don't know what will happen in crypto market in the future because it depends on the demand and supply. If the demand keep on increasing until next generation, then I think it will be having a bullish trend in the near future. Investing is risky but if you don't want to take the risk, you will not earn earn huge profit if ever. Much better to buy now while bitcoin and other other altcoins price is lower then just hold it. |
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It seems that Elon Musk have a silver tongue that attracts many people to follow what he was said on his social media account. He can influence a lot of people but it can't stay for so long. I think people are not stupid nor blind that can't even see the result or outcome of what Elon Musk did. At first they will follow him but later on they will hate him for any reason.
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I signed up to binance without a referral code, now I learned that had I use the code I would have gotten 20% discount in commissions, can I open a second account with same docs, or can I delete the account, which is funded already, put my funds on crypto or something, and then reopen a binance account with the referral code, would that work to get the 20% discount in commissions ?
You can't open another account with the same docs but you can create another one using another account. The problem is if you have a huge deposit and withdrawal and you need to take kyc and you also need to take kyc on your fist account. Much better to create only one account to avoid any problem in the future. Just forget that discount commission and focus on your trading because you can earn a lot if you are knowledgeable in trading even without any discount commission. |
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I sometimes wonder whether Bitcoin has established a religion.
Those of us who are fixed holders of Bitcoin are believers of Bitcoin.
Those who try to eliminate or replace Bitcoin are heretics or atheists. What is happening now I want to call it a religious war
In this way, Satoshi , the creator of Bitcoin, can be called a god. He changed the order of the world and brought revolution.
Religion is for all God's believer with a lot of doctrine and people have a holy faith on it while Bitcoin is a digital currency created by Satoshi and exist trough internet and by the use of modern technology (Computer, Cellphone, etc...). How did you say that bitcoin is a religion? Bitcoin give us wealth in literal because we can make money out of it and you can't treat money as your God because that is bad. |
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