This made me laugh quite hard because its not the owners who can pump the coin although they have the power to dump the market by some margin. You think every coin owners are putting money into the market right now which causes other coins to pump? I can understand that Elon Musk is pumping dogecoin but others are being pumped naturally as a result of the overall bull run in the Bitcoin market.

Well, yeah but price did jumped from 3 cents to 5 cents or even 6 cents if I remember correctly so at least some positive signs are there.

I was under the impression that the bull-run has come and gone but you are right it might be tron that gets pumped next despite already the slight bull run we saw recently.

I have used tron a lot and that is solely to save some transaction fees and to get faster confirmations. I used XRP once but that 20 XRP blocked per address is a weird thing and that made me switch to tron for fast and cheap/free transactions.

The whole crypto market is undervalued actually but with more investors getting interested in Bitcoins it also means more interest and money into the altcoins market because these investors although investing primarily into Bitcoins but they also invest some money into other dominant altcoins like Ethereum and in coming time Polkadot.

I think Ethereum 2.0 will be even better but its going to take a few years looking at how slowly the work is going on. Ethereum is actually under some serious pressure now because Dot is looking to already kill Ethereum and then there are bad things coming from everywhere including the ex-creator of Ethereum, Charles Hoskinson.

Depends on where you buy it of course but you usually do not pay premium fee's to buy or sell bitcoin, you do pay a huge sum when you are sending your bitcoin somewhere which should be definitely fixed but you can't easily send 10 million dollars worth of gold to another nation neither, it would be near impossible to do something like that and even if you can it would be very very difficult.

However in crypto you can send money around the world in a matter of few hours at most with just 100 bucks at most cost. Yet that is not what I was talking about, I meant "sending money from your bank to local exchange, buying bitcoin, wait for it to go up, sell bitcoin, withdraw fiat back to bank account" this is really not that expensive, gold is quite expensive to buy and sell because of premium charges but bitcoin is not in that regard, it is quite inexpensive.

I mean sure it is really not a small difference between India and Nigeria when it comes to population but Nigeria is not a nation of 10 million people, it is a nation of 200+ million people, so they do have a lot of people. Also this is not about being more in numbers, it is about being more in amounts. So let's say UK bans bitcoin trading and exchanges one day, they have less than 70 million people and they could still do 10x more than Nigeria and India combined, why? Because they are fairly rich.

Not saying that Nigeria is richer than India because that is easily disputable, however it is clear that Nigeria relies on Bitcoin a lot more, India has been in the online work force industry for decades now and they are awesome at it, whereas Nigeria is great in bitcoin but not so much in other payment options, hence I think India can always go back to paypal when Nigeria will keep focusing on bitcoin.

I think even if some institutions or companies suddenly divest their portfolio that won't cause too much of an impact because there are many of these big investors in the market and although there will be negative impact on the market when one of these whales/institutions dump their coins but they cannot actually pummel the market completely.

It is understandable if the price falls down by 5k but I don't see the price swinging by more than 10k within a month unless there is some conspiracy and all these investors group up to plan the dump of the market by selling together, which is near impossible. Different investors from different country, culture and field cannot collaborate suddenly.

There’s nothing that we do in this world that doesn’t require patience. We need to learn to have patience in everything we do, it’s very important, and we shouldn’t be stressing ourselves.

If you’re doing something and it’s not working, it’s best that you take a break at that moment instead of going crazy over it and being angry that things are not working, just chill out and when your mind is in a relaxed state, you can get back to it and start working again. And another problem that a lot of people face, and that’s after their project is done, is funds and ways to promote their projects, I think they should always plan ahead, so not to find themselves in a tight position later.

The reality is that pancakeswap actually moved above uniswap which tells you all you need to know about the permanent situation. Sure if uniswap and eth manages to find a way to make the transactions and moves under 4-5 dollars they could still go up and become a lot bigger, but until that happens BSC is the new king and BNB is doing so fine that eventually it coin pass ethereum as well.

It is not going to be simple, price of BNB needs to be 1.5k without ETH going up and that is not simple and it is still possible but will not happen in a few days. Which means we are on path to have BNB as the second biggest coin eventually (as long as what is going on right now is sustained) but it is going to be a lot of months for something like that could happen which means ETH has a chance to actually drop their fee if they can, if they fail they will drop to third, if they manage to drop it, then they will stay at second.

At certain point you have to realize that you could never get rich by working for someone else. I know that there could be few people who had enough money to retire early and have a decent life, but it is very very rare, as in one in a million, whereas other people who get rich (the 99.9999999% of all rich people) get rich by three ways, one is have rich parents, if you have rich parents you do not have to worry about anything at all. That one is not something you can deal with so there is no point on thinking about that, second is having your own business, if you can do that and you believe that go ahead and do it.

However the reason why we are here is the third method, making money with money, and if you want to get rich, you need to go into low risk, high risk, all risks in order to try every method you can to get richer, diversification is important and everyone should have both low and high risk stuff and hope for the best.

Things are still really nice in India if the market and news are to be believed because there are some decent exchanges like WazirX but the continuous pressure from the Reserve Bank is what is making things worst. At one time they say that the usage of crypto is banned and anyone indulged into crypto transactions will be punished, later the courts lifted the ban and allowed users to transaction in Bitcoins.

Now again they are making things worse by not giving out a clear statement regarding the status of Bitcoins. I don't know how courts and banking system in a country be as confused as they are, they should either ban or just allow Bitcoin transactions but the decision should be final and solid. I know it might be a massive mistake if they legalize Bitcoins because of the anonymity problems but maybe they can allow BTC transactions but increase taxes on them.

@amishmanish
I know and I even followed some of the news about riots that happened in India recently regarding some Hindu and Muslim issues over a bill passed by the government. It is sad to see a democratic country slowly turning into a king and servants kind of situation or call it dictatorship.

Regarding Zebpay, they even tried the last time their ultimate best to get Bitcoins legal status, but they failed because the Reserve Bank doesn't care what these companies think, all they see is that how they benefit from the banning or legalizing of bitcoins in the country.

That is sort of what I was going for as well. It is about knowing what other people are saying but not agreeing with them. So the politician thing is about similar, because a bad politician you hate will say something that may have a chance to change the country but you hate them and do not agree with them, whereas a bad social media person in crypto world that you hate and disagree could say something and change the price as well. Like for example Elon pumped doge, and I do not think that doge deserved that at all, but he did it anyway and I am aware of it and saw his tweets, I didn't ignore it just because I didn't agree with it.

So, all I am saying is you should check them out even if you disagree with them, there is no hurt and actually it would benefit you, if you checked people who you disagree with saying or doing so that you know what your "opponents" are doing.

It is obvious that people who wait for the dump for a very long time will not be in profit a lot for a very long time neither.
Do not wait for it to go down because the dump may not happen anytime soon, we are talking about something that may not come for months, maybe we will be in a bull run until summer and after that we may have a bit of a correction but never have 80%+ crash like we had before, what are you going to do then?

That is why it doesn't make sense to keep waiting, the people who wait to do something in crypto world will always miss out on profits, I made 100 bucks just today, and lost about 30 dollars of that, all from my investments, does that mean I should have waited? Of course not, that shows proof that on any day you could trade and make money, if you wait for the dump you could maybe make a big all-in investment at the bottom to make a good money but you will miss everything in the middle.

Due respect to your vision and to an extent even I agree that gold will remain precious for years and decades. But the thing with gold is that you are paying charges when you buy gold and when you sell gold you again have to pay some fees as the gold degrades a bit and you don't get 100% value of your gold.

With bitcoins there is a volatility issue but I rather consider it as an opportunity and the best part with bitcoins is that you don't have to be worried about theft and robbery but with gold you always have to keep these things in mind.

Having several fruits in the basket is absolutely important but you need to also keep in mind that if something is not moving with the pace of how market is moving then you have to switch.

Again, everyone have their own view and diverse actions is what makes the market worth it.

It took years for them to realize that crypto currency is not a scam and that happened because with time people did the efforts and actually understand the mechanism of Bitcoins and how it works which then helped them gain confidence and start investing. Almost after 10-12 years of Bitcoins coming into existence, people have been able to understand Bitcoins and yet not fully which makes me feel what kind of brain Satoshi had who developed it back then and even today we are discovering something new about Bitcoins and every time it just comes out even more robust.

I don't care much if big investors put their money into the market or not because while it has some positives, it also has a lot of negatives like the manipulation of market could again start which after so many years looked like stopped after whales emptied their wallets into the market.

It is obvious that Avax has been one of the best earners in 2021, it has increased like crazy during the last month as well, between Avax and Venus I have seen coins that increased insanely after a period where people started to question whats going on.

Of course, it is not really that simple to make a profit from these things if you have weak hands, but Avax is something that nobody questioned, it is just matter of time and we assumed it wasn't its time just yet, maybe it would take a few years before it would go up, but we were wrong.

My idea was that ADA has increased like crazy during this period right? But ADA has been a coin that wasn't really highly listed for years, maybe 3 years now? I do not know when it first started but it has been a while, and it was never this good, suddenly when every coin started to go up, ADA went up higher and faster than any other coin, and I assumed Avax would have been like that as well, grow for years and years and then suddenly go up a lot.

I would sat that there are some few methods of doing TA to see if the price should be higher or lower, that's what people use to decide what the price of something should be worth, but we all know that most of the time that is wrong and many people end up losing money because of it. However I do think that if you believe in the coin you are holding, you are going to make a good amount of return from it for sure, it may not be huge right away, but it could be very decent at the end of the day, and I believe as long as you can wait long long long time for something, eventually it will become a good coin as long as it is actually a decent project.

I am not talking about shady or scammy coins, there are tons of them as well, I am talking about projects that promises a good future, if you find one and think that it will not be zero, that will probably go up decently in the long term.

I used to believe the same until the recent tweets from Elon Musk shook the crypto market and pumped the dogecoin quite literally within days and weeks. I used to read these tweets in my leisure times and never took them seriously because that is the kind of image Mcafee created in the market because he was taking money and promoting shit coins/token.

I think with time now more and more influencers are coming into bitcoins like recently mrbeast, the famous youtuber, got into bitcoins and bought a big amount if I read the news right. With time that image McAfee created will change but yeah don't trust just anyone promoting coins and tokens out there, I agree.

On the contrary, I believe if people are doing margin trading or futures then they are already taking bigger risks because taking 3x leverage means your portfolio will be emptied if the price falls by 33% and considering the volatility of the crypto market it can actually happen within days or even a single night.

I always think that better than taking money on leverage and risk losing everything, it is better to take loans in real life and pay yearly interest because it gives you much more time and the assets/coins you buy are going to be yours 100% without any risk of marketing being down or up.

Consider this as an example:

Trader 1: A trader bought Bitcoins at 8k last year February and he took only 2x leverage, in march as the price dropped below 4k he lost everything he hold.

Trader 2: Another trader took a loan of 8k and bought bitcoins with it, market went ballistic and as low as 3k but he lost nothing and somehow market recovered and now an year later he turned his 8k into 45k now.

So, it might not be the worst idea to take loans for buying Bitcoins, given you have back up plan and good strategy.

How can national banks stop the rise of Bitcoins? Just by urging people to stop using it won't help because people are smart enough to understand why banks hate Bitcoins and if it was so easy to stop people, all the illegal casinos would have been closed by now. Yes some countries might ban Bitcoin which no doubt will bring the market down in that particular country but still there will be people who hold bitcoins and even trade them silently.

Covid-19 almost proved the worth of Bitcoins and digital payments more than anything because all the stock markets crashed but it was bitcoin market which despite everything around it held strong and now with the virus almost gone, the market has recovered and now touching new heights.

I am pretty sure the logic is that if we could have an international bank that could be even a digital one, that gets the right to be in any nation, or at least approved nations, you will not be forced to have a location aside from HQ in that country, (meaning there is no need for bank stores physically) and if you could work with other banks for ATM or put in your own BTM type of deals around the nation, you could literally have a global crypto community tied together without ever needing another bank.

This would be sort of like an exchange, which also will include fiat as well but would be mainly like an exchange, think of it like binance that has BTM all over the world, you can withdraw crypto or fiat from their BTM and everything else is literally the same as Binance for you, that would be amazing. So, do not think traditional banks, just think exchanges that got rights to work like a bank.

We all like Bitcoins but during trading of Bitcoins and altcoins, stable coins play a vital role and the thread is not about whether holding bitcoins are the better choice or holding altcoins because that debate is quite obviously won by bitcoins.

I usually prefer USDT because it is right now the most popular stable coin and the market cap is humongous which brings more trust in them. I don't know what issues they have and yeah I know they don't do public audits and other important things like how much is the reserve but I still don't feel that makes them untrustworthy.