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TOP 5 will always be Ethereum and Bitcoin. The remaining three positions I guess they will be in the following altcoins: Solana, Binance, Cardano, Ripple, Polkadot, TRON and a stable coin. It is difficult to predict anything about the market as new technologies are always coming out and swapping positions frequently. Even DOGE from unknown cryptocurrencies is in the TOP 10 highest capitalization cryptocurrencies.
Solana has good technology, this project is supported by SAM and the community. I have a question with this project, will the Proof of History consensus method make Solana's network heavier? It's like recursive programming. If the Solana blockchain is heavier then it is clearly not superior to compete with new projects.
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I was less concerned about Elon Musk's tweets. I think the "diamond hand" is just a metaphor for some technology that Tesla just invented and it has nothing to do with Crypto. We should stop clinging to this guy's tweets and speculate on the crypto market.
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Or he used the market to earn. He has return Bitcoin to where it was. He pumped the the price. This price drop in money equivalent is Elon Musks salary for pumping Bitcoin and risking his reputation.
I see a lot of people complaining that Elon Musk crashed the market. I wonder why they did not sell their Bitcoin when the price was +$64k ? They had plenty of chances to do that. I think those who complain most, thought that the price of Bitcoin would only go up. That is a total wrong thinking.
When the market is in euphoria, people are less aware of the risks of trading and they often trust the charts and analysis of famous traders. People were greedy and they took the consequences of the bear market.
This is morally so wrong. Elon Musk is obviously using his twitter reach to influence the crypto markets and profit of it. It is times like this that I wish we had some kind of global agency that would investigate such issues. The international community should not just roll over and let Elon Musk whatever he wants. I definitely lost my trust in Elon and will not follow his recommendations in the future.
Tesla stock is falling and the Crypto community is insulting him. It was the payoff for what he did. Sometimes I wonder why we have to listen to Elon Musk and go into the market just for FOMO. We shouldn't continue to blame Elon Musk. We need to consider our responsibility in each investment when we have allowed a loss to happen. |
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Elon Musk's influence on the market was confirmed as he took Bitcoin up from the $38k region to a new ATH of $65k and he took a $250 million profit there. After the tweet about Tesla stopping accepting electric car payments in Bitcoin, the value of Bitcoin has dropped rapidly and is now at $39k.
Elon Musk is really a manipulator as in just about 3 months he has caused the crypto market to rise and fall drastically.
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Over the past few years, Bitcoin has increased in value amid community doubt. Bitcoin is an asset with a large range of volatility due to too much FUD because of different information because Bitcoin is owned by the community.
Bitcoin is appreciated by small traders and today it is accepted by businesses, large hedge funds and banks. Bitcoin's network is growing bigger than ever, so the value of Bitcoin will continue to grow.
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Information on the internet has many different sources and even government sources are only for reference because we know that behind each news there is a political purpose. We need to verify all information using social media because I know community understanding is really strong. I have been wandering Reddit for many years, I love this social network for the reliability of information as well as explanations through the debates in this social network.
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As a crypto trader, I often do cash transactions because they are more secure than sending money on the banking network. Governments in countries are closely monitoring the possession of money by citizens so keeping cash and dealing in cash is an advantage. A friend of mine is a crypto trader and he doesn't have a stable job such as a salaried job so he was summoned by the police to clarify the source of his assets. I feel panic about such events.
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He may have bought a lot of DOGE and he is using his reputation to get people pumping DOGE. His ultimate goal is profit and many will suffer losses.
Elon Musk did it with Bitcoin even though he never disparaged Bitcoin. Tesla posted a profit of $250 million at $65,000 ATH this year, which is coincidental when they hit the peak.
Obviously, he works for the money, and he tweets about DOGE often not just to please people.
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The site is no longer active and I would love to know how he tricked people into sending money into it. I really admire his ability to make money because many people have money and are still being scammed.
In a scam, there are two indispensable components, the scammer and the person being cheated. We should not blame this guy but should also blame the people who naively sent money to the site because of greed.
I believe he is arrested for his behavior one day because the money he earned is dirty and they must be exposed by the law.
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It's still good to invest with crypto right now because the world is in a commodity cycle and money flows to dream stores of value. Bitcoin and crypto are becoming the world's new store of value so crypto investing is a good choice. For a newbie, it is necessary to learn the crypto market and different technologies to have the right investment direction.
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$20,000 for DOGE is blasphemy. Other altcoins in the world could stop growing forever if that happens. I think the $1 value is too expensive for such a crypto meme. We have hundreds of altcoins with low transaction costs and faster transaction speeds than DOGE.
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Are you guys currently using bitcoin to make payments or making purchases with bitcoin? maybe for invest only?
I only see bitcoin as an investment and I know it will give me great returns in the long run. Paying for goods with Bitcoin or making purchases is not really common in our country. I'm just wondering if bitcoin will recover from that tesla did.
We are just exaggerating the fact that Tesla accepts payments and stops accepting Bitcoin. Surely Bitcoin will increase in value again because now businesses and investment funds are actively buying Bitcoin so I am not worried about its drop. |
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Investments in oil are only tradable for the short term and are subject to large overnight fees on exchanges. No one can hold an order to buy oil without the cost of storing it in a warehouse.
With Bitcoin, everything is simpler as just buy and store in your online wallet or hardware wallet securely at a very low cost.
The oil demand is decreasing in the future as the world has eliminated the old technologies that consume fossil fuels and replaced them with new types of technologies that use electric power.
Therefore, the possibility of an increase in the price of oil is very low and investors can lose money.
Bitcoin is gaining popularity and is becoming the world's new store of value. History shows that long-term Bitcoin investments bring great returns.
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Stocks have been around for hundreds of years, and the investment risk of stocks is lower than that of cryptocurrencies. Those who invest in stocks have annual returns and it is a steady source of income. Stock represents a business enterprise and secured assets.
Crypto has only been around for 10 years when Bitcoin was born and the risks of investing in crypto are huge. People can get profit from value increases and dividends depending on the cryptocurrency they bet.
Storing crypto assets is risky because attacks on crypto wallets are more frequent. But for stocks that is not possible because exchanges have multiple layers of security and multiple ownership certificates.
People can invest in stocks with huge amounts without worrying about slippage too much but for the crypto market, it is not possible to buy in bulk because the crypto market cap is much smaller. much more than the stock market.
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Binance.com has been one of the world's largest exchanges by trading volume for a long time. Altcoins on Binance have been over-pumped recently and they have fake volume.
I am not surprised that Binance.com has been investigated because, in the past major exchanges such as Bifinex, Huobi or Okex have been investigated. Bitmex CEO Arthur Hayes has also been sued and jailed for money laundering. It is normal and necessary to investigate an exchange. If Binance.com makes a mistake they are responsible for their actions.
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If Bitcoin falls but Domain BTC.D rises or sideways, altcoins still cannot hold.
Observing the money flow and BTC.D index is very important in predicting the next market trend. In case BTC drops in the price we should exit or set stop-loss to avoid losses.
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The dollar is created by the Fed and it's just paper money or numbers that show up on a bank account. It looks clean and protects the environment because fewer emissions are generated during the manufacturing process.
Accepting the dollar also means that Tesla is bringing the dollar back to America. That's good for the country and their business.
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Satoshi is the smallest unit in Bitcoin and it is inseparable from Bitcoin. Adding Satoshi just makes things confusing is making people misunderstand that there is more than 1 type of Bitcoin (other than Bitcoin Cash, Bitcoin Diamond ...). Coinbase or coinbase pro and exchanges won't do the above because they know it's pointless because they're just Bitcoin.
Personally I thought this is a great news and I'm wondering how not too many people are happy about it, I was expecting for more joy here to be honest  Stacking Satoshi will be the next cool thing, people owning 1 BTC will be pretty rare in the future, why not get on the train now and stock Satoshi when it's still relatively cheap? As I said, the value of satoshi does not separate from Bitcoin because it is only the smallest unit of Bitcoin. What does it mean to " why not get on the train now and stock Satoshi when it's still relatively cheap? "? Want to pump Satoshi? If so you will need billions of dollars to do it because Bitcoin is at $50,000. |
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I think when the trend of anonymous currencies returns to the market, these types of cryptocurrencies will be of interest to everyone. We have many other anonymous cryptocurrencies on different markets that allow POS mining like PIVX and anonymous coins mining with POW like Monero, Dash, ZCash, BCN, Grin, Deep Onion ...
The POW-mined currencies may have better value gain since they are backed by the miner. So the idea of a currency using POS will be less likely to increase in value. Currently, anonymous coins are discouraged by the government so the future for PART does not expand. We can invest a little in this project but don't expect much profit from it.
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The reason why poor do not really care about inflation in a savings stand point (obviously we all care about inflation for regular purchasing prices increasing) is the simple fact that if you are actually a poor person you would know that you can't save money, anyone who can put money aside time to time is not a poor person, even a poor person could do that maybe a few times in their life but not constantly and not in a consistent manner.
It means they can't care about increasing their account, they can't care about finding a way for their bank account to grow faster than inflation, because they spend it, whatever they earn they end up spending and that means they do not have any money at all. I am sort of in the middle, I do save a bit of money so I am definitely not poor thank god, but I am also not rich by any standard neither, I am saving up funny amount of money per month, like maybe $50 per month but that is better than be in debt every month.
We have no choice and are forced to do everything to survive. Unemployment and rising inflation threaten the lives of many people. There will be more poor people in the world and we cannot change that. My parents were also people who rose from poverty and they understood the value of the money being devalued. Perhaps not all poor people are unaware of inflation, they just have no choice, no other way to save or invest. They are the most vulnerable in society. |
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