I would suggest people not to fall for such projects they would make 5x or 10x as soon as they are listed in major exchange and then they can drop to almost zero in no time. It's better to stay away from such coins which don't have any realtime use case or strong business model to back up as they flourish only due to hype and perish once those flourished with the coin decides to cashout. It's not better than gambling hence let's stick to coins which has some services to offer.
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Let me clear this confusion, current altcoins can never match up or can be considered as even competitors for Bitcoin as Bitcoin is level apart and once people vouched on ETH to topple bitcoin which never happened and will never happen considering Bitcoin network, market share and reliability (obviously) security as well. Bitcoin's price decides the market trend so there cannot any other coins which can compete with Bitcoin unless they overtake bitcoin in all the above mentioned aspects.
Let's stop comparing Bitcoin with other coins, may be it would be logical to compare or check which is the best altcoins or top altcoins.
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No, not a right time to accumulate it as the only option was to have converted the asset to stable coins when the market started going down. I think it's wise to continue with either DCA with stop loss unless we see a steep drop we shouldn't be going into the backup mode of accumulating stablecoins. Not sure if this is just a market correction or begining of best market but we need to be cautious.
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I am holding Pi which were mined on daily basis and before my Pi is transferred to mainnet and then exchange I cannot comment much as I have said in the past it's too early to comment we need wait and see whether all the miners get their share or it get delayed even further. But so far it has done exceptionally good.
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There are different perspectives because some people often misunderstand between trading and investing (hodling). Most of the traders prefer small but constant profit instead of waiting for huge profits which only hig risk traders do while trading with meme coins or shit coins. But I would say people who hodl on to coin end up earning more than most of day of traders. But it also depends on strategy as a experienced trader know what to do during bull, bear and sideways and swing market conditions.
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Life is too short so we need to use it with right. If you have your Bitcoin, you need to hold on tight and not sell at a low price. Even if you need to wait for a year or two years, that is worth to do until the time come.
If you can sell at a high price, that will be your profit so you can enjoy with your beloved family. We need to have patience and wait the time come so we will not regret because of we sell our Bitcoin too low than we want.
That is why we must not in rush when we see the price down because that will change soon and the price will increase.
It's not about holding it for years as it not practical that you have an emergency situation and you are holding I don't belive in the concept that you have to hold it indefinitely until price increase if there are needs which has to be taken care of. I would rather says any emergency situation would be an exception and we should only invest the amount which we could afford to lose are which is not need for our survival as it shouldn't be like we are investing our grocery or bills funds to earn quick profit and market goes down and we are left in a miserable condition.
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They accumulate certain coins and then name drop it and then sell it off but we end up buying their views and end up losing. I wish crypto and Bitcoin goes back to what it was back during its first five years wherein it was not manipulated and capitalists were not aware of it but now they have ruined it and fluctuates market as per their need. I think we should stop believing in any shit shared by these powerful people and influencers.
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Most important things is that people should understand they are not into day trade as it requires immense patience and it grit to continue with DCA regardless of market volatility but it went succeed in this then we would see the difference when market booms. I have seen people starting it with passion but once they see market doing good they end up breaking it and going for lump sum investment and starts panicking when the market dumps. You need a clear mindset that you will continue with a fixed amount for x number of years regardless of market situation and this should be an amount which doesn't affect your livelihood.
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Correct, that's why we always see hodlers making much mor money than day traders that too with peace of mind because day traders have the pressure to make certain profit which triggers then to buy even during the losing days or red days and the same is not the case with hodlers. The day people realize it's not a get rich quick scheme they will limit heir failures but unfortunately people still think it's like gambling and that's why they end up losing it.
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This is a most common question but I am afraid you might not get the exact answer as everyone will have their own point of view when it comes on benefitting from Bitcoin. Bitcoin is not magic or any charitable organisation which will help poor nation or poor people it's rather an opportunity for smart people be it rich or poor to gain. It's purely through th return on investment but it wasn't meant for this purpose as it's whole concept was P2P transaction without any middleman or government organisations. Posts about getting rich or helping have popped up due to Bitcoin's valuation.
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I don't smell anything unusual as per my experience this is just how Bitcoin and crypto market would work as it can never be always bullish there would be fluctuations, pump and dumps that's how the crypto ecosystem functions. I think we need to hold on to our nerves to avoid making any hasty decisions, I have recently invested for a long term hence I am least bother about these fluctuations and I would suggest others not to panic. As you have seen BTC dropped under $81k and now gradually crossed $85k.
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I have similar story wherein I heard about it like 2 years ot 3 years ago and mined then stopped assuming it's a scam since they were delaying the listing and no news about listing were shared but suddenly they launched and to be honest it's trending good compared to other altcoins as the last two weeks hasn't been a great week but Pi has not had any impact due to bearish pattern. I think it has chances of survival but only time and market conditions will decide whether it would be the next big thing or bubble. I wouldn't be hodling it for 10x as it would be too risky but we can have certain portion awaiting for 10x to try our luck.
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If the dev team are fair and don't play any tricks with those who have mined it for years it would be good because it has been a very dodgy stuff from the beginning and now I see people who hold Pi are waiting for their Pi tokens to be transferred to exchange in order for them to sell but I wanted to check if anyone has been successful in transferring the token to exchanges and trade them? Even I am holding Pi and awaiting for tokens to be migrated to mainnet. I will update it further as soon as I am able to transfer it to exchanges and let's not take any hype or fud too seriously as it's too early.
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El Salvador and Bhutan are already into it but there are government agencies who are accumulating Bitcoin in masses and it's quite obvious once they hodl significant amount of Bitcoin which can be used to fluctuate price of Bitcoin they would definitely do it just like how whales have been doing it for years now. But, it's not a good sign if government hodls significant amount of Bitcoin as they are not holding it for ROI as they hodl it to have control over Bitcoin as they can never align with concept of decentralisation.
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Username: Kentrolla ETH/Metamask Wallet Address: 0x881807fDD2393099b371B0c4570110883a40D1F7
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Pawanjain, Libert19 and Bitcoin Smith I would like to thank all three of you for your suggestions as it would help and yes I have used uniswap in the past and found it to be better in terms of volume and coins. I will explore more no kyc exchanges as it not easy to earn through trading and share 30% of it with government.
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I would need a suggestion from the forum especially from this who has been doing trading through DEX as it's not good trading through CEX as it's eating up our profit due to unjustifiable capital gain tax of 30%. I have used some of the DEX but couldn't find the range of altcoins as there are limited options when it comes to mainstream altcoins.
Please suggest the DEX which you are using and the reason why it stands out from other DEXes available in the market.
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This is dirty politics played with victims as they are indirectly threatened that if they don't abide by whatever proposal is rolled out by Wazirx then their money will not be recovered and moreover this is peak time government should intervene.
Why the hell anyone would trust them even if they relaunch themselves as they are just behind money without any proper security and even if they relaunch they will not have userbase due to the higher taxes implemented by government.
I think they would have earned enough by now hence they should not see freedom until they repay but unfortunately it's the victims who would be in limbo and uncertainty.
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This is absolutely a normal human behaviour as even I have been in that situation for more than once and even lost over $3k in futures trading in a single night. Fast forward to today I have started keeping a percentage of profit which I don't reinvest for trading and it has worked like magic. I would suggest you to keep aside a certain percentage of profit on your winning days and try to avoid futures it's stressful.
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It's a trap, we have witnessed this in the past and those who invests in this centralized tokens will regrets as they will manipulate by adjusting the demand and supply thus your investment will be struck for years and occasionally whenever dev team needs some buck they will pump the coin to get fresh investments from market and then they will cashout like they had been doing it for years. XRP is a well know most centralized token ever created since inception of crypto and it would be nothing shot of foolishness if we especially those who have been in this domain for sometime end up buying their lies.
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