Right now it would be very difficult to make $40K trading Doge unless you got maybe 6 figures to play around with. The best time to buy Doge was when it touched 15 Sats a few months ago which was the low of DogeBTC in the last 5 years. And whenever it touched this area it usually rallied. I bought some in that area but I sold everything at 40-50 Sats because, breaking 100 sats just didn't seem possible.

At that time if you invested $2000 you would of had your Cybertruck for $40K since the price back then was like half a penny and it always reached $0.10 so its a gain of 20x. Will it do another 20x, highly unlikely since it would put its marketcap right near Ethereums which seems highly unlikely also due to the fact that Ethereum right now looks expensive also. So who knows, maybe wait for it to go to $1 then short $40000 worth and if it goes back down to half a penny you got your Cybertruck.

This would be true if he was pumping Bitcoin or Litecoin or Ethereum or even Link. However Dogecoin is not cutting edge crypto technology. The coin is over-valued and eventually will start to collapse and it will lead to many people losing tons of money.

The reason why people invest in Dogecoin is because its cheaper than BTC at $40K. Most people think that if I buy 5 cent dogecoin today and it reaches $1 next month they will be rich. Basically a 20x move, and this is what BTC did back in 2017 so its seems its possible however they have no idea how large the market cap for Dogecoin is already.

For it to reach $1 a coin its market cap would need to be $128Billion so basically #3 coin behind Ethereum. This just doesn't seem possible at all.

I think if DASH was meant to go higher then it already would have. Many of the alt coins which were booming back in 2017 are not pumping this cycle. This cycle is mostly based on DeFI tokens. Look at how many others coin there are that would have went up already which are standing still doing nothing. I think DASH is one of those.

The fact that its a privacy coin is a negative trait due to all the regulations that is going on. XMR, ZEC and DASH all got removed from Bittrex a couple of weeks back and hence investors are scared to get involved.

I remember when DASH hit $100 for the first time, some guy shorted it on Poloniex with low-leverage, because he knew it would go back to $10 for sure. Well he ended up getting margin called for like 20 BTC when it hit $1600 a few months later. Then shortly after it reached a low of $35 and his trade would of been in huge profit if it wasnt for that margin call.

So does anyone here know exactly what Doge coin exactly offers? Last time I learnt about Dogecoin was back in 2014 when I was mining it with my R9 280X because it was slightly more profitable than Litecoin at the time.

From what I recall it was basically a fork from Litecoin except it had a different supply, different rewards. It was basically launched as a meme and everybody is surprised it was a big hit.

Litecoin has active devs however and they got Segwit and are basically the little sister to Bitcoin, but where does that put Dogecoin exactly? Because at around 8 cents, Doge market cap is pretty much higher than Litecoins. However since its a clone of LTC and offers less then its market cap obviously shouldn't be higher.

Reason why its important is because when Snoop or Elon or that KISS musician put in $1,000,000 in Doge and end up losing 90% of it, they are still rich. However when they get retail people to put their entire savings into Doge and lose it all then its going to give crypto a bad reputation in the near future.

Yes I clicked the plus icon and there is a large list. First is BNB shown with balance and second is the TWT with the 99 tokens. However you can’t click it or anything. The mouse cursor is shown just like you want to select text to copy and paste. Clicking TWT from that list doesn’t do anything.

The extension looks identical to yours however I just can’t get the TWT to be shown in the main wallet under the BNB token like yours. This is very strange.

Thanks for taking the time to take photos, gave you some merits for your trouble.

The one found in the Firefox extension store, called Binanace Smart Wallet. What I find strange is that it shows up as received in the transaction history, and if you list the assets it shows up but there is no button to send this asset elsewhere.

The reason why I didn't use the mobile app is because I got an old iPhone and my iOS doesn't support it. I guess i'll have to borrow someone's phone for the time being and get it sent that way. Strange why they don't allow TWT to be used on their extensions.

Ok so I got the airdrop last month. Installed the extension in Firefox and withdrew the TWT from Binance into my wallet in the browser. All was well and it arrived.

Now I want to send it back to Binance however the TWT asset doesn’t appear. So I can’t send it. However it’s listed in the received.

I sent some BNB into the address thinking it’s why it doesn’t appear but it’s still not there. When I look at the block explorer it is listed under the token address.

Any help would be appreciated. Never used Binance smart chain before.

1-2% is great and if you can do this everyday you would be a billionaire in no time pretty much. The key is to be consistent. I looked at the poll and apparently tons of people make between 2-4% per day which tell me one thing. People are way over-leveraging themselves or they are new traders who started to trade in the last 3 months.

What people don't realise is that markets are usually not this easy to trade. You can buy anything these days , whether its crypto, btc, alt, stocks and chances are you will make money. However eventually the markets might get choppy and that is when most people are cleaned out. The worse are choppy markets, even in bear markets you can make money however most people end up losing everything during sideways trading where its difficult to get a sense of short term direction.

Most people don't use their stimulus checks to invest in the stock market or crypto. If you really need the stimulus check then the stock market is the last place you are going to be depositing it in. Sure there are those who are already wealthy and they might see it as free money and decide to gamble it on stocks. However most people won't do that. Even if they are wealthy, they will maybe go to Walmart and buy a TV instead.

Hence why this idea doesn't make too much sense. Hence if someone really wants to use stimulus cheque to buy crypto, they can send it to their exchange and buy USDT themselves. Exchanges sometimes do have incentives. For example, Binance gave away TrustToken (TWT) to every trader on Binanance. Currently that token is worth $60 USDT or so.

This reminds me of what crypto was back in 2012-2013 in North America. Banks didn't really ban crypto however if you had too many transaction related to crypto such as transfer too and from bitcoin exchanges or any P2P deals then most likely your account would get closed. The reason for this was due to the SilkRoad bust and they assumed that if you are dealing with bitcoin, you are most likely doing something illegal.

Now fast forward 7-8 years and the landscape has changed. Most banks are well aware of crypto and these days its more assumed that if someone buys or sell bitcoin, they are an investor instead of a drug dealer. I remember a guy in my area who ran a few bitcoin ATMs, his biggest hurdle was dealing with banks because every few months their accounts would get closed down and they would have to find another bank to deal with, was very frustrating.

I don't think Dogecoin will go back to the #30 or #40 spot on Coinmarketcap anytime soon, I don't think we will see 25 sat Dogecoin like we did for the past year. A few hours ago, Snoop Dogg even posted a tweet regarding Dogecoin,

https://twitter.com/SnoopDogg/status/1358141965930426368

Basically its not Snoop Dogg but "Snoop Doge", hence who knows what the stable price of Doge will be. I think we might trade in the 75-125 sat area for the next little while. So I hope Phil still has some coin and maybe he should hodl them.

They are planning on launching it to most international countries later this year. So far it was only for US clients. At first it was a limited number but later on it was everybody in the USA who had a verified paypal account.

You can buy and sell it back to USD but while holding the BTC you cannot withdraw it to your own wallet. I think in the future they will allow merchants to accept BTC, so maybe you can pay your monthly Netflix bill with BTC. At the moment not possible. Keep in mind it only launched like 2 months ago.

Its great however the fees are very high. Much higher than a regular bitcoin exchange. However I guess if you are not good with computer, then I guess its better paying a higher fee and ensuring its done right instead of messing up and losing all your crypto. Most likely in the near future if they get more and more volume, they might reduce the fees.

They don't do that because it would be very difficult for them to control money laundering, and fraud. If it was possible to withdraw BTC to an external wallet, imagine how many accounts would get hacked everyday and hackers would buy crypto with their credit card linked to the account and then withdraw it to an external wallet, no way to reverse the transaction. There are so many people reusing the same passwords that is why so many people in the past got their paypal account broken in to. However most of the transaction were easily reversed since it was all done by credit card merchants however with crypto you can't reverse the blockchain. Hence why they are going to leave it like this for a while.

You don't own the BTC but they need to buy the BTC somehow to hedge their exposure. Imagine BTC goes to $1,000,000 a coin and everybody want to withdraw, if they never hedged how will they pay everyone out? Too risky. There are many ways of hedging, they can even do it on the futures exchange which has plenty of liquidity and low fees. So the supply does technically decrease one way or another if people buy BTC with paypal, hence its still bullish.

The dollar is going to be weak most likely until we start to see an end to Coronavirus. And even then it could be a while for it to start gaining value. Currently all this inflation, money printing, low interest rates are not helping the dollar.

The stock market keeps printing new highs which also makes shorting the dollar ideal. Currently the dollar is heavily shorted, so this is why we get these small rises from time to time because people keep thinking that "stocks have peaked" and a few weeks later it reverses again and keeps declining more and more. Hence why its dangerous to try and buy the bottom. Because who knows how low it will keep on going.

Alot of people keep their BTC and crypto in exchanges and this is why it looks like most of the supply is in the hands of a small group of wallets. However in my opinion, at least right now, BTC is more distributed than most other assets out there like stocks. Sure people own stocks however most of it is also owned by a small group of people. Same with the distribution of Gold.

So if a exchange has 1,000,000 Bitcoins, they could be holding those bitcoins divided by 1,000,000 people and each person holds an average of 1 coin. If more and more people used cold storage or hardware wallets then it would be more distributed however most people rather just trust the exchange for security than keeping it on their hot storage.

Most of you probably don't remember but there was also talk about "instututional money coming to bitcoin" back in 2017. Especially with the CME and CBOE bitcoin futures launch. It created a path for some investors to gain exposure to bitcoin through those futures, even if it was cash settled. There was also crazy FOMO. There were exchanges and Bitcoin ATMs that had to SHUT DOWN due to no bitcoin left to sell. Fast forward a month later and BTC lost 50% of its value from peak, another month fast forward and we hit $6K. So lost 70% of its value.

Now things "maybe" might be different in the fact that we only 2x our previous high instead of 20x our previous high. And looking at exchange inflow and out flow it seems that more and more coins are being sent off exchanges and most likely into long term storage. This is something that wasn't observed at the peak at $20K. So maybe we got a few more months of runs left but keep in mind it doesnt mean it need to hit some crazy number like $500K per BTC. Even if it hits $100K you should take partial profits at least.

The reason why people were bearish at the end of the month is because it painted a horrible looking candle on the monthly chart. When we were at $30K last week it had a horrible looking pin and it definately looked like the $42K was the top. However since we closed at $33K and the open price was $29K, a large potion (almost 40% ) or so of the candle is filled, hence it looks bearish but not that bearish.

I think the most important candle is the following month which is Feb. I think if we close under the $29K open which is the yearly open, then I would say with confidence that $42K was the top. Basically it seems like a repeat of 2017, where BTC rallies, then ETH rallies, and then its alt coins, except this year its more like Doge and all the DeFI tokens. Either way, its still too early to tell, we almost hit $40K so we might break $42K this weekend even.

The worst type of crashes are the ones were it freezes the rig because you have no idea which GPU is causing the problem. My advice is to look at the logs and see what happens right before it freezes. Your GPUs mine be hashing like this

GPU0: 30 Mhs    GPU1:  30Mhs    GPU2:   30Mhs

then

GPU0: 30Mhs    GPU1: 15Mhs GPU2: 30Mhs
or
GPU0: 30 Mhs   GPU1: 0 Mhs    GPU2: 30 Mhs

then freeze

So in the above example, the issue is the middle GPU.

Ahh Zcash, I remember when it got released in 2016. Basically not much was going on in Oct 2016 so everybody was awaiting the launch of ZCash. The miner reward was low at first to prevent instamining and when ZCash was actually launched people were hammering the pools to be the first to mine a few blocks. I remember I got like a fraction of a Zcash, sent it to Poloniex and ended up getting an entire GPU paid for because price was like 10 BTC per 1 ZEC. Yes 1 ZEC was worth 10 BTC in 2016.

Anyways. Sometime in 2019, an Zcash ASIC came out for ZCASH and you could no longer mine it with GPUs. So if you really want to mine it you gotta buy some Antminer Z15 or such. No other way to mine it these days. If you want to mine other Equihash type coins you can mine Bitcoin Gold which uses the same algo but with different parameters.Only coin to mine with GPUs these days is ETH pretty much.

I think he is asking how much power the motherboard+cpu+ram use when mining. Basically the essentials power consumptions not including the GPUs. Basically in my experience, motherboard+cpu+ram while mining (cpu mostly idle) uses 30 watts.

So if you got 1 GPU which uses 150 Watts. Your total consumption will be 150+30=180 Watts.

2 GPUs will be 150+150+30=330 Watts .... and so forth.

So the more GPUs you have in the same rig the less overhead the motherboard consumption takes up.

This is assuming you got no case fans or running old HDD which can bring total consumption closer to 50 Watts.