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901  Economy / Trading Discussion / Re: How many of you use "Crypto Prediction Applications" for trading? on: February 04, 2021, 06:55:28 AM
Using crypto prediction app is the same as entrusting all your financial decision to some stranger over the internet.
If you have no problem with doing that then that's okay but you should consider making some analyzation to create prediction by yourselves. These kind of app don't exist just to provide some free information to people without a cost.

They could be taking advantage of the information they share to you like buying the coin first before sharing the information so they could reap the profit.

But, the app really could predict the future though, or more like creating the future by pursuing people to buy certain coin or making pump and dump signal.
902  Alternate cryptocurrencies / Speculation (Altcoins) / Re: UNI coin is the next BNB. ? on: February 04, 2021, 06:04:52 AM
between UNI or BNB has good potential, in my opinion, it's just waiting for the two tokens to compete in the cryptocurrency market. because it is seen from the rankings there are only 2 rankings difference and the only difference is the price if BNB is higher. but it could come as a surprise if UNI or BNB can get stronger
UNI could get the advantage in the long run in my opinion. BNB while performing really good at the recent years it's ties tightly with binance, a centralized exchange which could tank like at any moment. The problem about centralized institution is that it usually could make humane mistake meanwhile an automated decentralized exchange always follow the rules set by the system.

But, BNB gonnna have the upper hand if binance keep expanding and performing while offering advantages to BNB holder, we gonna see the result in the future maybe a year later.
903  Alternate cryptocurrencies / Speculation (Altcoins) / Re: The surprise of Dogecoin on: February 01, 2021, 09:07:16 AM
After seeing the insane growth from doge I have faith in many other altcoins that can do the same thing, and indeed a lot of altcoins have grown a lot. I wouldn't be able to make a claim on a coin that has been heavily pumped, but congratulations nonetheless to everyone who has made a profit from buying Doge.
Not really though, I mean other altcoin not gonna get free promotion from a person like Elon Musk, keep in mind that he promoted dogecoin simply because it was a meme coin and nothing more.
You think he gonna promote another projects which has bunch of developers behind the project wanting to make some profit for free? nah I doubt so much.
Doge and BTC could be the only one that gets promoted by Elon Musk except elon open some crypto endorsement LOL.
904  Alternate cryptocurrencies / Altcoin Discussion / Re: What is your most preferred approach to investing in cyrptos on: February 01, 2021, 07:06:55 AM
The same as you except I differ which money i can invest to some high risk investment instrument and which other is needed for emergency fund or saving which means low risk investment.
The kind of High risk investment in new projects usually done small amount since the risk is high and can't afford to lose so much.
Meanwhile I do staking which offer lesser risk and stable return but take like a really long time for ROI and also bag holding since I like to bag hold hard. Maybe my investment is not really optimized for greater return but it's enough.
905  Alternate cryptocurrencies / Altcoin Discussion / Re: Which is better, ether or bitcoin? on: February 01, 2021, 04:32:09 AM
As you know, BTC price is backed from around $42000 and ETH is going upward, so this is difficult decision to invest $100 in BTC or ETH; I suggest you should invest in ETH because there is more chance to reach more than $2000 ETH price in few months.
Reaching $2000 within few month for ETH is kinda hard I guess? AFAIK eth trend always follow bitcoin and if bitcoin didn't also double its value I think reaching that kind of price gonna be really hard. Not to mention the ridiculous fee making a lot of people moving over to another blockchain platform. ETH really need to sort its problem first before reaching that high of price because imagine reaching $2000 but the fee gonna be around $30 a transaction while many ERC20 tokens also depend on ETH blockchain that's what I call insanity.
906  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Could DOGE could reach 1$...? on: January 31, 2021, 10:18:47 AM
Maybe just buy after it got dumped but reaching $1 from $0.02? I don't think it's gonna be easy and gonna take more time than you imagined. But considering how much circulating supply I don't think it's gonna be possible. Call me pessimistic but thats just my opinion on coin with too much supply.

Also, its a meme coin people pump it out of fun for meme and that kind of coin I doubt gonna retain its value after pump for long, just see the chart recently, it got dumped again unlike BTC .
907  Economy / Economics / Re: What We Should Learn From Elon Musk Influence on: January 31, 2021, 08:20:32 AM
One thing we can learn from Elon Musk influence on crytpto currency is that it cannot last forever. Why do i say this ? Once upon a time there was John McCafee who was throwing similar stunts albeit a different way, causing fomo and fuds in the heart of newbies nd the market in generally. I say enjoy this stunts while it last. But keep your investment safe.
Elon Musk honestly different than how John McAfee approach crypto like by a lot. Elon musk doesn't advertise any projects just because money, he's making tweet or tag by his own will and not money driven whereas John McAfee usually speaking about the projects that paid him some share. The factor that contributes to mcAfee fall is how he recklessly sponsoring every projects that want him in like very frequently, once most of them tanks he's the one gonna lose the reputation.
908  Economy / Economics / Re: What We Should Learn From Elon Musk Influence on: January 29, 2021, 10:58:48 AM
Oh yes! Famous public people and especially Elon Mask definitely have great influence on crypto. Even after Elons’ small tweet "One Word: Doge." Dogecoins price increased on 20%, however than doges again dumped in several days. Was that phrase ("One Word: Doge.") also “signal” or no? Maybe some traders know how to decode that “signals” correctly?…
it's not signal or something complicated like that, he's just like doge as a meme.
It's like the case of watching movie, people always overthink about a scene then making conspiracy theory out of it meanwhile the movie creator don't even have idea what people talking about their movie. same with celebrities like elon musk which every words get taken seriously although most of the time he's trolling.
It's just happen that many people assume it's some kind of signal and start buying. more like self fulfilling prophecy  Grin.
909  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: You can lose transfering and withdrawing on: January 25, 2021, 11:07:39 AM
I feel the transaction fee for now is very large. This is obviously very detrimental to small investors because they have minimal assets and will be used up to pay fees. I still hope that the fee will be able to go down in the future so that it can provide low fees and not bother small investors
That's exactly why if you want to keep the expense as small as possible centralized exchange is the way to go to trade ERC20 tokens. those dex are good but the fee is really killing it and there's no option but to use cex but only temporarily.
Then, once you done with trading you can simply save your asset in form of USDT TRC20 that way you can save atleast ~$20 bucks based on my experience and I'm talking about a trading activities that's not so frequent.

Such a waste though when dex is currently on fire the fee becomes biggest hindrance. However, I don't expect ETH fee to go down anytime soon. ETH 2.0 implementation said to takes place slowly.
910  Economy / Speculation / Re: Do you think that a new ATH is coming or a crash? on: January 25, 2021, 03:27:12 AM
I think the best is yet to come. The corona also helped crypto in some way. Of you look the picture globaly with economy it isnt good. Goverments are printing more and more money and with that the price in crypto will go up. Everyone who understands the situation will invest in crypto some money. All of that will drive the price up.
Honestly I don't think it's the pandemic that helps crypto, In my opinion the positive impact of pandemic to crypto market is really low and there's no concrete evidence that because of pandemic people starts to invest in crypto, quite the opposite people uses their money to buy their basic needs. It's the big investment institution like fund management company or investment company that helps crypto like a lot these days. They are the one who bring exposure to crypto at the early start of bullrun.
911  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 99% of CryptoCurrency Investors fail because they havent understood Crypto on: January 24, 2021, 09:21:10 AM
Yeah it's actually kinda silly when you see people buying when the price is already too high and sell their coin when bearish market comes while cursing that they got lied. So many people keep saying to buy low sell high and yet so many people doubtful and anxious when low and buy when high like WTF?
I wonder what's the reason that could influences people's mind into doing such thing. but one thing for sure, people always got greedy but not at the right time for example, when bullrun happens.
912  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Celebrity Rapper "Soulja Boy" tries to buy XRP on Coinbase, but guess what? on: January 24, 2021, 07:39:08 AM
Is he going to bet this money or what, he's a US citizen and buying XRP can be a big deal. Although XRP could still be traded outside US it's just reckless as a US citizen like him to buy XRP amidst the problems that XRP need to deal.

I mean, even the description in his screenshot pretty much self explanatory I wonder why he didn't have the idea to google for a little bit about XRP  Grin.

Imagine if he is able to buy XRP right now then few months later asking why he can't sell if the US citizens turns out to be limited or suspended from buying XRP  Cheesy Cheesy.
913  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I am not investing in Bitcoin, I am staying with Altcoins on: January 24, 2021, 05:40:17 AM

maybe if we can pick a good altcoins project, investing in altcoins can be a good idea
but if don't have enough knowledge, i think its better to invest in bitcoin my friend
regards


True. altcoin can be a good idea ONLY IF you have the capability of analyzing and predicting whether the alt has future or not and that's the hardest thing because most of people invests to alts out of their guts without reading the projects  whitepaper or even the technical aspect or implementation of problem solving and that's where people gonna lose out money because they just don't know what they're investing into.

I'd say stick with bitcoin if we don't know about the project we gonna invest. It's safer that way.
914  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Selling All BTC for ETH this Bull Run on: January 23, 2021, 07:06:43 AM
Why follow someone else? Big company that invest in crypto usually put big portion of their allocated money for crypto to bitcoin and the rest to various alts like ETH. That means those big company which usually consist of expert doesn't really trust ETH other than for diversifying their portfolio so that they don't put all money in the same coin.

Honestly sounds kinda reckless to convert it all but it's your money and it's your decision to follow that high net worth individual or safely diversify your portfolio.
915  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum May Surpass Bitcoin’s Market Cap in the Next 10 Years on: January 23, 2021, 05:32:42 AM
If ethereum could hold its price while having their total supply uncapped I think it's possible considering there's also quite the amount of bitcoin loss overtime due to sending to wrong address though the chance might be slim if BTC also increase on its value caused by scarcity of it.

But, many circulating supply for ETH could also become biggest obstacle that holds the price for growing or the market cap from increasing. It's just everything could happen in crypto market.

But, maybe even if btc market cap got surpassed by ETH bitcoin still the icon of cryptocurrency no matter what.
916  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will Eth able to break its previous ATH within few days? on: January 22, 2021, 09:24:16 AM
I mean, anything could happen in crypto market right?  Grin none of us even predicted that it only takes short time for bitcoin to reach this kind of price height but honestly after the recent dumping which makes ETH go down for about 10% there might be some panic selling or the price might be stuck for few days so reaching previous ATH within few days seemingly hard.
If it's 2-3 months in the future maybe ETH could break past its ATH. Just wait the money flowing from large investment company to the crypto market and we might see ATH and BTC surpass its ATH again.
917  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Ethereum overpower Bitcoin in the future? Which side are you on? on: January 22, 2021, 04:05:18 AM
Based on the historical data and current market status of btc, I can say that no other coin can overpower btc even ethereum. Btc is continuously dominating the crypto market because of its stability, legitimacy and very wide scope. But like what I said, it is based on the current status of btc, we don't know what will happen for the next few months of years.
It's dominance rise because it's mainly the primary option for those fund management or investment company when it comes to diversifying portfolio. It's also the reason why bitcoin was so hyped lately.

Meanwhile despite getting its share of pump ethereum struggles a lot dealing with its own blockchain traffic due to defi craze and much more they are not really good with scalability. Honestly, it's obvious that eth not gonna overpower btc and to consider that eth doesn't have limit on its total supply.
918  Economy / Speculation / Re: Bitcoin will reach 100K! OK and then? on: January 21, 2021, 08:34:37 AM
Definitely gonna reach higher ATH after reaching $100K ofcourse. There's actually tons of things we gonna see changing when we reach that milestone and one of them is the market cap big enough for any country to be concern of as taxed object, but that gonna also come with massive adoption aswell and probably normalizing crypto as a way to pay transactions in internet universally.
It's not like after reaching that price all the crypto users gonna vanish out of thin air, they certainly gonna be expecting for an even higher price.
919  Economy / Economics / Re: Does Bitcoin Help The Poor on: January 21, 2021, 06:13:57 AM
I mean, at the early stage of bitcoin emergence it helps a lot of people sending money borderless across nations and that certainly helps poor people who do some work from far away but have family that needs the money in some remote area but still have internet access somehow or having family in some smaller cities.

However, The fee right now kinda killing it. I mean, a dollar is really precious for poor people and I don't think poor people using crypto for such thing is viable right now.

They could use alts somehow that has significantly lesser fee but it needs to be exchanged aswell, ERC20 token also out of question because the fee is ridiculous. Earning money from bitcoin also not as easy as most of people imagined, at this point it might help some poor people but definitely small portion of them.
920  Economy / Speculation / Re: Best way to sell in 2021 — to buy more on the bear on: January 21, 2021, 05:26:48 AM
Honestly it's up to you, cashing it out right now is actually fine as long as you made profit out of it. In the future we don't know whether the bullrun gonna continue to break past $50K or just falls down instead but if you think it's gonna go down as part of bitcoin bullrun cycle then you can just follow your opinion.

Whether in the future it's gonna be bearish market or bullish market we don't know that but what's for sure when you're cashing out while still in profit is regardless the market condition you still got profit at the end of the day  Grin.
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