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It's quite unfortunate that Kim lost over a million dollars for promoting a project. She needs to be mindful of the fact that several people look up to her and she ought to do the necessary checks to ensure that she's promoting the right brands. I understand that she now has a bad feeling about cryptocurrency projects that explains why she won't be promoting another for the next three years.
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I have been away from the altcoin market since the beginning of the bear market, but at the moment I have some spear money to fill my altcoin bag and I am looking for the best coin in the market worthy of. my investment at this moment? 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.
This may be the best time to invest in altcoin as most of the tokens are highly depreciated. But you need to understand that we're not certain of when the bear market would be over and if there would be more reduction in the value of tokens. You'll have to make sure that you invest only what you can afford to loose or won't be needing in the short term.
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The issue of Luna seems to be over now but the scars still lingers and those affected may never recover from the shock and loss that came with it. My only advice is that we should all be careful with our investments in this space because there are no guarantees, one could wake up to be a millionaire as a result of the possessed assets and another could wake up to be broke.
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It's actually very difficult for one to avoid panic when everything seems to be coming up to shambles. Most times it's better to set a stop loss and agree within yourself of the level of risk you're willing to take on the trade. Selling out of panic often times is selling at a huge loss and that's not a good trading strategy.
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I'm in agreement to the fact that the bear market is best for determining a good project. Most projects do well during the bull market. Infact, even pump and dump projects are easily pumped because people are willing to join the ride on any project going upwards. The bear market is rather very quiet as most people prefer to stay low key seeing as it goes
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It takes a great deal of wisdom and patience to be effective in this space. You need wisdom to make the right decision and patience to wait until it materializes. The importance of taking profits when the market is bullish cannot be overemphasized. We are quick to forget that the bull market is only for a while and would be followed by a longer duration of bear market where buying would be more beneficial.
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I've personally used trust wallet for over a year now and haven't had any issues with it. From my experience, trust wallet is safe, but you need to understand that it's an online wallet and it would be unwise to keep substantial amount of assets in an online wallet. It's best to go with a hard wallet like ledger or paper wallet when storing substantial amount to prevent the issue of hack.
To further buttress my point. I doubt my asset is up to 0.001btc, so hackers may be wasting their time trying to compromise my wallet, because it's not worth their time and effort. When I have over 1btc, I'll most likely be using a hardware wallet and if it gets to 100btc, I'll be going for a paper wallet or any other offline wallet.
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Metamask is one of the most innovative wallet in the ethereum blockchain and has been very helpful for sending and receiving tokens in the ethereum blockchain. It would not be possible to send multiple transactions at once using the metamask wallet as well as other ethereum tokens. Sending of multiple transactions would need the assistance of smart contracts.
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Investing in meme coin may not be a good idea since the market is bearish, and the possibility of the value dropping is most likely this period, unless one is willing to hold for long term and possibly the value would increase during the bull market. There's no certainties in this industry as we never can tell when the tide will change and some very cheap meme coin would bring huge profits.
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I've come to realise that most people in this cryptocurrency space just float with the tide. We've been hearing about NFTs and people are not considering the cost implication, because of the few big wins heard about NFTs they waste their little resources hoping for the big wins on free NFTs. I personally haven't seen any free NFT that has been worth the cost of minting and still wonder why people keep claiming. It feels like they just don't want to be left out, if eventually anything good comes out of those NFTs.
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Luna is one of the projects that I would never want to remember my experience. It feels really bad because I never expected such a decline in my wildest dream. I've also seen the project as a solid one until the impossible happened. I know my experience was painful but I take solace knowing that many more persons had worst cases and still survived.
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I have 2 BNB, what is a good project to invest in? Something with utility, no shit coins
Investing this period seems to be a risky decision as there's really no certainties as to which project would be better off, I'll advise that you leave your investment in bnb because it has better utility than millions of altcoin in the market and has the potential to do better in terms of value especially after the bear market.
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From what we can see in the cryptocurrency space, the decreasing price is not only affecting ethereum but almost all the projects in the market. Bitcoin is not left out as the value has been on a down trend for a while now. No doubt, ethereum was expected to pump following the completion of the merge, but I guess the market forces tied to Bitcoin is strong.
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The issue of Elon musk and Twitter purchase are beginning to look like a child's play. Elon musk keeps changing his mind Tru and fro and they keep going to court and nothing seems to be happening or rather its taking too long. Even if the deal scales through, there's really no basis to see dogecoin making her way to twitter as a means of exchange.
The fact that Elon Musk, played a key role in the influence of dogecoin price does not necessarily mean that he has a long term goal of keeping up with the coin. It could be gimmicks designed to help him actualize his personal goal of maximum returns.
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I really don't think shit coins are reducing, Infact it would be almost impossible to come to the end of shitcoin in the cryptocurrency market. This is because of the ease of creating altcoin especially through smart contracts and the ethereum blockchain and binance smart chain tends to have the highest number of these tokens.
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The market has been on a bearish trend and there's really no one that could tell when is the best time to buy crypto, irrespective of experience or TA. Crytocurrency trading is quite risky and volatile. This explains why the prices tends to move between two extremes. Individuals are advised to do their own research as there's no one that is willing or capable of giving financial advice when it comes to cryptocurrency investment.
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I've read several articles about usdt and most suggested that usdt isn't as good as it seems. The idea we are made to believe is that usdt has an equivalent of the amount printed backed in fiat, bonds, gold and other valuables but in real fact this may not be the case. This implies that we need to be careful and avoid holding it for too long as it's not a 100% valid store of value as indicated.
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I hope people don't fall for this scheme. From looking at the Twitter page and account, it may be difficult to differentiate from the original account of vitalik considering the fact that the scammers have a large followership and have been getting incessant retweets, likes and comments. The major thing that could put them out is the qty of eth to be distributed which is over a billion dollar worth.
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I've also known that there was a connection between litecoin and Bitcoin and between dogecoin and Bitcoin. Going through the thread, I've been able to gain a better insight and understanding of the extent of relationships that exists among these cryptocurrencies.
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Am I missing something in the market news? I was Airdrop 10.5$ worth of btc for a task I won in twitter used the money to buy the new Luna on Binance which was less down 48hrs now. Just logged in my Binance now and am seeing a massive gain. 10$ is currently worth 28.7$. Were is the pump actually heading to, should I take profit now or hold? Just asking out of curiosity, u really don't trust this Luna again despite how small the initial capital is.
If I'm in your position, I'll take profit and move on to another project or better still retain some amount of the token and hope that the price continues to increase. I personally don't trust the Luna project considering the past performance which led to so much losses for holders.
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