Cryptocurrency trading strategies and updates

[Marathonrunner]

Hi all - has anyone read about this insta scams where we can see people recommending some one as to how they earned 9x and 10x via Bitcoin trading . Has anyone tried it . What’s your views

 

[DeadlyVenom]

I was just about to pull the trigger on VET but will for the psychic dip to come to fruition

 

[DeadlyVenom]

Hi all - has anyone read about this insta scams where we can see people recommending some one as to how they earned 9x and 10x via Bitcoin trading . Has anyone tried it . What’s your views

If its a scam then avoid lol

 

[Ashraful_Rox]

Guys Kusama parachain auctions will start for slots 7 - 11 on the 1st of September. Kilt Protocol is most likely to win the 7th slot. Otc kilt are being sold at $5 - $7

 

[OMB]

Thank You brother

I am following an astrologer and she called it accurately (mentioned specifically to sell in may and that there will be a recovery from july to august but not to all time highs of may, people will be bullish again so expect Bitcoin to reach around 48 - 50k then September dip - last dip).

Cake had potential but after the hack a lot of people lost money, I am personally staying away from dex tokens at the moment. I did buy Dot at 13 and Kusama at 187 and used kusama for Movr (Plo) token.

I will get back to research inshallah and will be more active.

This definitely is happening as we speak.
Lets see if it touches 100k$

 

[Ashraful_Rox]

I was just about to pull the trigger on VET but will for the psychic dip to come to fruition

Brothers a kind reminder the dip is only for Bitcoin, but when Bitcoin dips everything dips but it seems like money is flowing onto altcoins now, this is alt season all over again. Hope alts dips as well, I have some spare usd on the side. I am still 40% invested and will only sell those in Jan. 60% on cash, 20% I will reinvest in the dip. 40% for my bling bling

 

[Colorblind Genius]

Brothers a kind reminder the dip is only for Bitcoin, but when Bitcoin dips everything dips but it seems like money is flowing onto altcoins now, this is alt season all over again. Hope alts dips as well, I have some spare usd on the side. I am still 40% invested and will only sell those in Jan. 60% on cash, 20% I will reinvest in the dip. 40% for my bling bling

yeah it's nice n hot. Crypto is on fire.

My portfolio value is back to what it was before the dip however, alt coins are the force behind it.

Matic, VET, XRP, Cardano ETH have been kind to me.
Taking a hit on that b@sta@rd Shiba Inu, lol hahaha, yeah I fell for it.

 

[DeadlyVenom]

yeah it's nice n hot. Crypto is on fire.

My portfolio value is back to what it was before the dip however, alt coins are the force behind it.

Matic, VET, XRP, Cardano ETH have been kind to me.
Taking a hit on that b@sta@rd Shiba Inu, lol hahaha, yeah I fell for it.

Mines is slightly higher but my binance chain coins are down big time. Big regrets for not selling but YOLO.

Safemoon is my biggest bag on binance chain and they have plans for a wallet, blockchain and an exchange so I'm happy sitting for a while.

What level you aiming to TP on ada?

 

[Colorblind Genius]

Mines is slightly higher but my binance chain coins are down big time. Big regrets for not selling but YOLO.

Safemoon is my biggest bag on binance chain and they have plans for a wallet, blockchain and an exchange so I'm happy sitting for a while.

What level you aiming to TP on ada?

If Cardano delivers as planned and the adaptation starts then I don’t think it will be too far behind ETH.

Obviously, it’s future and no body knows (except Ashraf’s Jotish), but about $3000 a piece in the next 5 years.

 

[hitthestump]

If Cardano delivers as planned and the adaptation starts then I don’t think it will be too far behind ETH.

Obviously, it’s future and no body knows (except Ashraf’s Jotish), but about $3000 a piece in the next 5 years.

So you're predicting that the marketcap of ADA will be about $900bn in the next 5 years?

 

[Colorblind Genius]

So you're predicting that the marketcap of ADA will be about $900bn in the next 5 years?

in 2020, The US printed more than 27 BILLION DOLLARS A DAY !! That's a DAY!
About 20% of ALL US currency was printed in 2020 alone.

With this much additional dollars in the market, watch where the inflation goes.

And 5 years from now? my speculation is, the prices of EVERYTHING will be beyond thinkable what we know today.

 

[Ashraful_Rox]

yeah it's nice n hot. Crypto is on fire.

My portfolio value is back to what it was before the dip however, alt coins are the force behind it.

Matic, VET, XRP, Cardano ETH have been kind to me.
Taking a hit on that b@sta@rd Shiba Inu, lol hahaha, yeah I fell for it.

Alhamdullilah good news, may Allah give us more bling bling

12th of September Cardano smart contract release.

Take profit whenever you can brothers, don't be baggage holders.

 

[Colorblind Genius]

If Cardano delivers as planned and the adaptation starts then I don’t think it will be too far behind ETH.

Obviously, it’s future and no body knows (except Ashraf’s Jotish), but about $3000 a piece in the next 5 years.

So you're predicting that the marketcap of ADA will be about $900bn in the next 5 years?

Sorry .... just realized the typo where I slipped in an extra zero in there.
But you know, wouldn't hurt if Cardano hits $3K. I will sell my bag and open a competition shop in front of Ashraf's Jotish shop. I will have a state of the art website, and will accept credit cards and crypto payments for my fee.

Alhamdullilah good news, may Allah give us more bling bling

12th of September Cardano smart contract release.

Take profit whenever you can brothers, don't be baggage holders.

Sorry, I don't wanna take small phuski profits ... I want BIG MONEY !!

Tell the Jotish to give some Taweez to Charles Hoskinson which makes Cardano price go to $3K a piece.

 

[Colorblind Genius]

Cardano is pumping ... COME ON .... BIG MONEY !!!

wife wants me to buy that $5 million house .... my crypto has to work harder now.

come on big money, come on !!!

 

[shaz619]

Cardano is pumping ... COME ON .... BIG MONEY !!!

wife wants me to buy that $5 million house .... my crypto has to work harder now.

come on big money, come on !!!

Bah gawd almighty Cardano to the moon! I bought some below 80p, not a lot! should have got more! you legit think it could get to 3k ? you holding out for the long run ?

Will there be another ADA dip anytime soon or major pump

 

[DeadlyVenom]

Bah gawd almighty Cardano to the moon! I bought some below 80p, not a lot! should have got more! you legit think it could get to 3k ? you holding out for the long run ?

Will there be another ADA dip anytime soon or major pump

6-7$ max this cycle.

I hope it pamps to the moon though.

 

[Colorblind Genius]

Bah gawd almighty Cardano to the moon! I bought some below 80p, not a lot! should have got more! you legit think it could get to 3k ? you holding out for the long run ?

Will there be another ADA dip anytime soon or major pump

No, I wanted to type $300 in 5 years BUT, I will absolutely happily take it if it reaches $3K.

If you don't have too much, then I wouldn't sell ... aim big !

Small profits of a few thousands is not what we are after in crypto.

 

[Ashraful_Rox]

They say the first million is the hardest Inshallh everyone will touch 1 million in 2022 January and in 2025 100 million then we go to dubai and do some fixing

 

[Colorblind Genius]

They say the first million is the hardest Inshallh everyone will touch 1 million in 2022 January and in 2025 100 million then we go to dubai and do some fixing

Dubai is currently so broke that if you have 100 million, Dubai will come to you.

 

[hitthestump]

6-7$ max this cycle.

I hope it pamps to the moon though.

Where are you getting your numbers from? Thin air i assume.

 

[DeadlyVenom]

Where are you getting your numbers from? Thin air i assume.

I also consulted a psychic

 

[Colorblind Genius]

I also consulted a psychic

Not sure if Crypto investors are making any money but the psychics surely are making a killing.

this is now my retirement plan after making millions in Crypto ... part time psychic

 

[Ashraful_Rox]

Dubai is currently so broke that if you have 100 million, Dubai will come to you.

Mogambo khush hua

 

[Ashraful_Rox]

Guys $MOVR (Moonriver) is the utility token of the Moonriver network - community-run sister network to Moonbeam on Kusama. MOVR won the second Kusama parachain auctions.

(It will be listed tomorrow on kraken and kucoin) Trading: 09:00 am on Aug 27, 2021 (UTC).

I will be waiting for 5 minutes to see what happens and market buy anywhere between $5 to $20

 

[Ashraful_Rox]

The next big Layer 1 blockchain in this space
i.e $ETH $SOL $BNB

No private sales, no team tokens, fair launch. This is why I am so hyped about $MOVR (Moonriver)

https://twitter.com/krakenfx/status/1430979266456526849

I haven't consulted with my jotish about this, this is a gut feeling

Brothers who missed out on the Karura pump, hold on to this gem and expect at-least a 5x

 

[Colorblind Genius]

The next big Layer 1 blockchain in this space
i.e $ETH $SOL $BNB

No private sales, no team tokens, fair launch. This is why I am so hyped about $MOVR (Moonriver)

https://twitter.com/krakenfx/status/1430979266456526849

I haven't consulted with my jotish about this, this is a gut feeling

Brothers who missed out on the Karura pump, hold on to this gem and expect at-least a 5x

sorry dude 5x doesn't cut it for me.

I am looking at least at 1000x

Pay the Jotish with the right money so that she can pin point the right gem.

Dont try to fry pakoras in a pool of spits.

 

[Ashraful_Rox]

sorry dude 5x doesn't cut it for me.

I am looking at least at 1000x

Pay the Jotish with the right money so that she can pin point the right gem.

Dont try to fry pakoras in a pool of spits.

My first 1000x was Xor (Sora Network) bought at $0.77

120x on Kusama

Jotish called for Theta to be the 1000x which came true, Jotish is calling some crazy numbers on theta $1000 which is absurd and digibyte $1 to $1.20.

Next big coin Jotish is calling is Amazon coin which will come out and Couger (1000x) another big coin. Both are not out but in works.

100x - 1000x in Jan for sure or there are uniswap and pancake swap gems, either get rugged or make a killing

I am researching avax, dot, kusama, Solana, cardano, fantom gems, if anyone is interested I can share.

 

[Ahmad-GERMANFC]

This is a dumb question.

But I get the premise of having a handful of crypto currencies and then eventually getting mainstream acceptance. But why are there hundreds of new crypto currencies being made every year. Doesn’t that literally go against the purpose of bitcoin etc

 

[Ashraful_Rox]

Moonriver is trading at $70 it went up to $100. Next parachain auction is Kilt Protocol. Made some nice gains on Moonriver. The parachain kusama auction has been generous to me. Alhamdullilah

 

[Azzurri]

My first 1000x was Xor (Sora Network) bought at $0.77 ��

120x on Kusama

Jotish called for Theta to be the 1000x which came true, Jotish is calling some crazy numbers on theta $1000 which is absurd and digibyte $1 to $1.20.

Next big coin Jotish is calling is Amazon coin which will come out and Couger (1000x) another big coin. Both are not out but in works.

100x - 1000x in Jan for sure or there are uniswap and pancake swap gems, either get rugged or make a killing

I am researching avax, dot, kusama, Solana, cardano, fantom gems, if anyone is interested I can share.

I am interested bro. Can you share it with me

 

[shaz619]

Moonriver is trading at $70 it went up to $100. Next parachain auction is Kilt Protocol. Made some nice gains on Moonriver. The parachain kusama auction has been generous to me. Alhamdullilah

Looks like we could be on track for the dip you mentioned, received a notification which highlighted some mining difficulties

 

[WhenSultansBowled]

This is a dumb question.

But I get the premise of having a handful of crypto currencies and then eventually getting mainstream acceptance. But why are there hundreds of new crypto currencies being made every year. Doesn’t that literally go against the purpose of bitcoin etc

Not a dumb question at all.

Some cryptos solve problems, some are copy of a successful crypto and some are literally meme pyramid schemes

Just stay tuned and follow [MENTION=45836]Ashraful_Rox[/MENTION] 's advice

 

[Colorblind Genius]

Not a dumb question at all.

Some cryptos solve problems, some are copy of a successful crypto and some are literally meme pyramid schemes

Just stay tuned and follow [MENTION=45836]Ashraful_Rox[/MENTION] 's advice

Who knows if Ashraful is also a bot busy manipulating the markets?

 

[Bewal Express]

Moonriver is trading at $70 it went up to $100. Next parachain auction is Kilt Protocol. Made some nice gains on Moonriver. The parachain kusama auction has been generous to me. Alhamdullilah

I have lost around 40% of money, i need to get some of it back. I invested heavily in ICP and its only a 1/4 of what i paid. Any recommendations

 

[Bhaag Viru Bhaag]

Last time I checked it was banned in India so I stopped following any news regarding this. What's the latest stand by GOI on this? Is this legal in India now? How many of my fellow Indians are investing in cryptocurrency?

 

[WhenSultansBowled]

Last time I checked it was banned in India so I stopped following any news regarding this. What's the latest stand by GOI on this? Is this legal in India now? How many of my fellow Indians are investing in cryptocurrency?

A lot of Indians are investing in crypto.

By the nature of it, governments can't really "control" it.

When policymakers have enough of it they'll suddenly "legalize" it to earn profits stay tuned!

 

[Marathonrunner]

Hi all- Any reviews on Ember app and it’s plans . Has anybody invested in quant or yield

 

[Ashraful_Rox]

I am interested bro. Can you share it with me

All right brother Azzurri I will write a detailed post about some of the upcoming projects which hasn't released yet. I need a couple of days and inshallah gains will be made

 

[Ashraful_Rox]

Looks like we could be on track for the dip you mentioned, received a notification which highlighted some mining difficulties

I may be early but I am not wrong

 

[Ashraful_Rox]

Who knows if Ashraful is also a bot busy manipulating the markets?

One day brother, one day

 

[Ashraful_Rox]

I have lost around 40% of money, i need to get some of it back. I invested heavily in ICP and its only a 1/4 of what i paid. Any recommendations

Internet Computer (Dfinity) was the most hyped project of 2021, they were marketing as a trillion dollar opportunity, i called Dominic Williams out and tagged Sec to protect investor, he banned me from. Telegram and blocked me in twitter

Dominic locked investors tokens while he dumped his tokens on the open market, i know some guys who bought at 700 and got completely rekt. They have a 10 year plan, it's 2021 bull run's Elastos, promises and hype but nada users.

Don't worry brother, inshallah we will make that 40% you lost before January. I'll get to work and do some intensive research.

 

[Ashraful_Rox]

Not a dumb question at all.

Some cryptos solve problems, some are copy of a successful crypto and some are literally meme pyramid schemes

Just stay tuned and follow [MENTION=45836]Ashraful_Rox[/MENTION] 's advice

Thank You brother, you are too kind

 

[OldWarHorse]

Last time I checked it was banned in India so I stopped following any news regarding this. What's the latest stand by GOI on this? Is this legal in India now? How many of my fellow Indians are investing in cryptocurrency?

Its perfectly fine to invest. The ban was lifted back in 2019.

The govt will bring about some bill maybe in the future but there is still some way to go.

 

[Bewal Express]

Internet Computer (Dfinity) was the most hyped project of 2021, they were marketing as a trillion dollar opportunity, i called Dominic Williams out and tagged Sec to protect investor, he banned me from. Telegram and blocked me in twitter

Dominic locked investors tokens while he dumped his tokens on the open market, i know some guys who bought at 700 and got completely rekt. They have a 10 year plan, it's 2021 bull run's Elastos, promises and hype but nada users.

Don't worry brother, inshallah we will make that 40% you lost before January. I'll get to work and do some intensive research.

Your a star.

 

[OMB]

Last time I checked it was banned in India so I stopped following any news regarding this. What's the latest stand by GOI on this? Is this legal in India now? How many of my fellow Indians are investing in cryptocurrency?

Its not banned. WazirX is still very much trading and I bought ETH last month using my Indian deposit accounts.

 

[pillionrider]

Its not banned. WazirX is still very much trading and I bought ETH last month using my Indian deposit accounts.

You live abroad and knew this, but he lives in Delhi and didn't realize this

 

[Billa86]

I think I speak for many on this thread regarding the precious and invaluable advice [MENTION=45836]Ashraful_Rox[/MENTION] shares on the Crypto market. The number of hours he dedicates in researching and analyzing the crypto market must be exhaustive and finally sharing the outcome on this thread. In my experience, not many people share such data. He should be bestowed with title of 'Pakpassion Crypto Legend'. Thanks Bro for all your hard work, keep it up!

 

[shaz619]

I may be early but I am not wrong

After this bull run am going to start a Ashraful Rox fan club thread on PP

 

[shaz619]

I think I speak for many on this thread regarding the precious and invaluable advice [MENTION=45836]Ashraful_Rox[/MENTION] shares on the Crypto market. The number of hours he dedicates in researching and analyzing the crypto market must be exhaustive and finally sharing the outcome on this thread. In my experience, not many people share such data. He should be bestowed with title of 'Pakpassion Crypto Legend'. Thanks Bro for all your hard work, keep it up!

He is the coolest and most chill poster on PP and easily the GOAT among BD posters

 

[OMB]

You live abroad and knew this, but he lives in Delhi and didn't realize this

Its alright, I was in India last week so know this.

When in UAE I have to use BitOasis or Binance (though problem for me ever since they suspended GBP fiat)
Coinbase doesn't work for me and I don't have patience to deal with other exchanges.

Wish I had a secretary handling all this.

 

[afaans]

Waqar Zaka is laucnhing TenUp Smart, any thoughts on this project?

Tenup original token can be bought and once TenupSmart is available it is a straight 1:1 swap.

Lots of Pakistani's have bought in and look to be in for the long haul. Rumour is he will have cricket related NFT's on the platform.

 

[shaz619]

How does one even launch their own coin, not sure which but was aware of someone doing so in the current market and making £20k out of it! I don’t think the intention from them was to do anything serious with the coin itself

 

[shaz619]

Internet Computer (Dfinity) was the most hyped project of 2021, they were marketing as a trillion dollar opportunity, i called Dominic Williams out and tagged Sec to protect investor, he banned me from. Telegram and blocked me in twitter

Dominic locked investors tokens while he dumped his tokens on the open market, i know some guys who bought at 700 and got completely rekt. They have a 10 year plan, it's 2021 bull run's Elastos, promises and hype but nada users.

Don't worry brother, inshallah we will make that 40% you lost before January. I'll get to work and do some intensive research.

ETH has been climbing quiet a bit over the past few days, do you still anticipate a big dip in the first week of September ? or perhaps it could be later

 

[DeadlyVenom]

Waqar Zaka is laucnhing TenUp Smart, any thoughts on this project?

Tenup original token can be bought and once TenupSmart is available it is a straight 1:1 swap.

Lots of Pakistani's have bought in and look to be in for the long haul. Rumour is he will have cricket related NFT's on the platform.

I subscribe to his paid group on facebook. He's a good shiller but I wouldn't invest in his coin. Seems to have made a good following during this current bull run when its easy to make money. I hope he isn't taking people for a ride.

The only reason I subscriebd to his group was because my cousins in PK were raving about him.

 

[DeadlyVenom]

How does one even launch their own coin, not sure which but was aware of someone doing so in the current market and making £20k out of it! I don’t think the intention from them was to do anything serious with the coin itself

Its easy to launch one with zero utility.

 

[afaans]

I disagree, don't think he is a shiller. He has been in Cyrpto from very early on and I think he does have some pretty good ideas. I have personally followed his advice and staked CAKE on Pancake swap where it earns a nice little return.

His group is an achievement in itself $10/month, I recall early this year he had over 10000 people in there. How many followers are in that now?

Any thoughts on TENUP Smart [MENTION=45836]Ashraful_Rox[/MENTION]?

 

[Azzurri]

All right brother Azzurri I will write a detailed post about some of the upcoming projects which hasn't released yet. I need a couple of days and inshallah gains will be made

Thanks bro. Eagerly waiting!

 

[OMB]

My first 1000x was Xor (Sora Network) bought at $0.77 ��

120x on Kusama

Jotish called for Theta to be the 1000x which came true, Jotish is calling some crazy numbers on theta $1000 which is absurd and digibyte $1 to $1.20.

Next big coin Jotish is calling is Amazon coin which will come out and Couger (1000x) another big coin. Both are not out but in works.

100x - 1000x in Jan for sure or there are uniswap and pancake swap gems, either get rugged or make a killing

I am researching avax, dot, kusama, Solana, cardano, fantom gems, if anyone is interested I can share.

Do share for Cardano pls
I got on Cardano as avg buy for 0.2 and its sub 3k now. Staked it at 1.5 and now thinking to exit

 

[MenInG]

Twelve year old Benyamin Ahmed from London made £290,000 during his summer holidays after selling a series of his artwork of pixelated Weird Whales NFTs, reported BBC.

NFTs allow artworks to be used to create a digital certificate of ownership, a kind of token, which can be bought and sold. The buyer does not get the actual work or its copyright.

Ahmed keeps his earnings in the form of Ethereum, a cryptocurrency they were sold in, since he did not have a bank account.

Ahmed and his brother were taught coding by their father and had a strong network of technology for support and guidance. His first digital art collection was inspired by Minecraft, while the second was called Weird Whales. He was inspired by the famous pixelated whale meme image and a digital art-style, but used his own program for this collection. He created 3,350 emoji whales with his program.

He said that “It was interesting to see all of them hatch, as they appeared on my screen slowly generating”. He even wants to make an underwater game featuring the pixelated whales. Ahmed is now working hard on his third artwork collection inspired by superheroes.

Ahmed’s father, Yousef supports his son’s work and is 100% certain that his son has not broken any copyright law and has hired lawyers to ensure the work is audited and trademarked properly. Ahmed’s YouTube videos on his hobby aim to inspire kids his age, to do what they love and not “force yourself to do coding, maybe because you get peer pressured - just as if you like cooking, do cooking, if you like dancing, do dances, just do it to the best of your ability”.

https://tribune.com.pk/story/2318419/12-year-old-british-pakistani-boy-earns-290000-from-whale-nfts

 

[Colorblind Genius]

Twelve year old Benyamin Ahmed from London made £290,000 during his summer holidays after selling a series of his artwork of pixelated Weird Whales NFTs, reported BBC.

NFTs allow artworks to be used to create a digital certificate of ownership, a kind of token, which can be bought and sold. The buyer does not get the actual work or its copyright.

Ahmed keeps his earnings in the form of Ethereum, a cryptocurrency they were sold in, since he did not have a bank account.

Ahmed and his brother were taught coding by their father and had a strong network of technology for support and guidance. His first digital art collection was inspired by Minecraft, while the second was called Weird Whales. He was inspired by the famous pixelated whale meme image and a digital art-style, but used his own program for this collection. He created 3,350 emoji whales with his program.

He said that “It was interesting to see all of them hatch, as they appeared on my screen slowly generating”. He even wants to make an underwater game featuring the pixelated whales. Ahmed is now working hard on his third artwork collection inspired by superheroes.

Ahmed’s father, Yousef supports his son’s work and is 100% certain that his son has not broken any copyright law and has hired lawyers to ensure the work is audited and trademarked properly. Ahmed’s YouTube videos on his hobby aim to inspire kids his age, to do what they love and not “force yourself to do coding, maybe because you get peer pressured - just as if you like cooking, do cooking, if you like dancing, do dances, just do it to the best of your ability”.

https://tribune.com.pk/story/2318419/12-year-old-british-pakistani-boy-earns-290000-from-whale-nfts

I made one too, and put it on sale but no one gave horse's rear end about it.

 

[pillionrider]

I made one too, and put it on sale but no one gave horse's rear end about it.

Maybe because it looks like a horse's rear?

 

[Colorblind Genius]

Maybe because it looks like a horse's rear?

That’s exactly the kinda stuff that sells in NFTs.

 

[OMB]

That’s exactly the kinda stuff that sells in NFTs.

I get those advertisement to invest in those digital artwork too. Why would you swap your hardearned cryptos for a stake in those non sensical artwork?

 

[Colorblind Genius]

I get those advertisement to invest in those digital artwork too. Why would you swap your hardearned cryptos for a stake in those non sensical artwork?

Yeah, the one you would want to get your hands to, are the ones created by Beeple.
And it’s risky to invest in them when you purchase at the market prices.
The best bet is to enter into an airdrop when the entry token is a dollar or something.
If you win one, you can sell it anywhere from $50K to $100K range.
However Beeple’s airdrops rarely happen.

 

[OMB]

In world first, Bitcoin becomes legal tender in El Salvador

El Salvador on Tuesday becomes the first country in the world to accept Bitcoin as legal tender, despite widespread domestic scepticism and international warnings of risks for consumers.

President Nayib Bukele's government claims the move will give many Salvadorans access to bank services for the first time and save some $400 million in fees on remittances sent home from abroad every year.

“Tomorrow, for the first time in history, all the eyes of the world will be on El Salvador. #Bitcoin did this,” Bukele said on Twitter on Monday.

He started the ball rolling on Monday evening by announcing El Salvador had bought its first 400 Bitcoins, in two tranches of 200, and promised more were coming.

The 400 Bitcoins were trading at around $21m, according to the cryptocurrency exchange app Gemini.

Recent opinion polls showed a majority of El Salvador's 6.5m people reject the idea and will continue using the US dollar, the country's legal currency for the last 20 years.

“This Bitcoin is a currency that does not exist, a currency that will not benefit the poor but the rich,” said sceptic Jose Santos Melara, who took part in a protest by several hundred people in the capital San Salvador last week.

“How will a poor person invest [in Bitcoin] if they barely have enough to eat?”

In June, El Salvador's parliament approved a law to allow the crypto money to be accepted as tender for all goods and services in the small Central American nation, along with the US dollar.

The bill, an initiative of Bukele, was approved within 24 hours of being presented to Congress — where the president's allies have held a majority since March.

Experts and regulators have highlighted concerns about the cryptocurrency's notorious volatility and the lack of any protections for its users.

Scepticism
The government is installing more than 200 Bitcoin teller machines, some guarded by soldiers to prevent possible arson by opponents.

And Bukele has promised $30 for each citizen who adopts the currency.

“These are decisions the administration and lawmakers have taken without consulting” the population, said Laura Andrade, director of the Public Opinion Institute of the Central American University, which found in a poll that 70 per cent of Salvadorans opposed the move.

“We see that people do not perceive a positive impact to significantly transform their living conditions,” she told AFP.

Nearly two-thirds of Salvadorans questioned for the poll said they had no interest in downloading the “Chivo” electronic wallet that will allow users to buy and spend Bitcoin.

Oscar Cabrera, an economist at the University of El Salvador, said the currency's high volatility will have a “negative impact” on consumers, affecting the price of goods and services.

The currency fell beneath $30,000 in June, less than half its all-time high of more than $64,000 just two months earlier.

For its part, the Salvadoran Foundation for Economic and Social Development (FUSADE) said it was “unconstitutional” to make it compulsory for merchants to accept Bitcoin as a form of payment.

'Malign actors'
Bukele, who is popular but under fire in several quarters for moves to tighten his grip on power, has accused opponents of seeking to “sow fear” among Salvadorans, few of whom have access to formal banking services.

Remittances account for more than a fifth of GDP in the dollarised economy, mainly sent in dollars via agencies such as Western Union by an estimated 1.5m expats.

According to World Bank data, El Salvador received more than $5.9 billion in 2020 from nationals living abroad, mainly in the United States.

And the country is relying on this money to boost a struggling economy that contracted 7.9pc in 2020 due in large part to the coronavirus pandemic.

Economists and international bodies such as the World Bank, International Monetary Fund and Inter-American Development Bank have expressed concerns about El Salvador's Bitcoin adoption.

The United States has urged El Salvador to ensure a “regulated,” “transparent” and “responsible” use of Bitcoin, and to protect itself from “malign actors” such as hackers seeking ransom money.

Bitcoin is criticised by regulators for its potential for illegal use — notably in laundering money from criminal activities and financing terrorism.

But not everyone is against it, and according to Bukele in late June, some 50,000 Salvadorans were using Bitcoin.

Many of them are in the coastal town of El Zonte, where hundreds of businesses and individuals use the currency for everything from paying utility bills to buying a can of soda.

Started as a project by an anonymous Bitcoin donor, the town until recently boasted El Salvador's only Bitcoin teller machine.

https://www.dawn.com/news/1644995/in-world-first-bitcoin-becomes-legal-tender-in-el-salvador

 

[Ashraful_Rox]

Guys this is the Dip I have mentioned, last dip before the big pump. I'll update soon friends. The dip that we all have been waiting for

 

[Ashraful_Rox]

ETH has been climbing quiet a bit over the past few days, do you still anticipate a big dip in the first week of September ? or perhaps it could be later

I may have been early but I am not wrong

My Jotish strikes again

 

[Ashraful_Rox]

After this bull run am going to start a Ashraful Rox fan club thread on PP

He is the coolest and most chill poster on PP and easily the GOAT among BD posters

I think I speak for many on this thread regarding the precious and invaluable advice [MENTION=45836]Ashraful_Rox[/MENTION] shares on the Crypto market. The number of hours he dedicates in researching and analyzing the crypto market must be exhaustive and finally sharing the outcome on this thread. In my experience, not many people share such data. He should be bestowed with title of 'Pakpassion Crypto Legend'. Thanks Bro for all your hard work, keep it up!

Thank You for the kind words my brothers we buy during red days and sell during green days. Money is to be made, patience is key when it comes to making a multi million figure

Let there be more blood.

I'll update on which coins to buy.

Solana is being pumped by SBF, pure manipulation. Remember I have said about Ada, buy the rumor, sell the news.

Look for lower cap coins which has potential, I got into Glmr token sale full disclosure. Glmr is exactly like Moonriver which I have mentioned before but its for Polkadot.

 

[shaz619]

I may have been early but I am not wrong

My Jotish strikes again

Indeed , how long you anticipate this dip will last, what would be your ETH target price to buy back in

 

[Colorblind Genius]

Thank You for the kind words my brothers we buy during red days and sell during green days. Money is to be made, patience is key when it comes to making a multi million figure

Let there be more blood.

I'll update on which coins to buy.

Solana is being pumped by SBF, pure manipulation. Remember I have said about Ada, buy the rumor, sell the news.

Look for lower cap coins which has potential, I got into Glmr token sale full disclosure. Glmr is exactly like Moonriver which I have mentioned before but its for Polkadot.

May be the Jotish can you now, and take advantage of your services?

 

[Ashraful_Rox]

After this bull run am going to start a Ashraful Rox fan club thread on PP

He is the coolest and most chill poster on PP and easily the GOAT among BD posters

I think I speak for many on this thread regarding the precious and invaluable advice [MENTION=45836]Ashraful_Rox[/MENTION] shares on the Crypto market. The number of hours he dedicates in researching and analyzing the crypto market must be exhaustive and finally sharing the outcome on this thread. In my experience, not many people share such data. He should be bestowed with title of 'Pakpassion Crypto Legend'. Thanks Bro for all your hard work, keep it up!

Indeed , how long you anticipate this dip will last, what would be your ETH target price to buy back in

Brother it's too risky not to hold Ethereum, it' s better to slowly buy back in. I see a dip to $2950 - $3000 level if Bitcoin drops to 4300 - 4400. I am waiting for a slight more dip, I am buying newer tokens which hasn't pumped yet.

We are seeing Near having a pump now. Gains are to be made far greater than Imaginable in altcoins. This has already made 2017 look like a mini blip in the charts. Near is a top 10 coin, full disclosure again I sold early at $6. Rekkt

Coins and projects which I see as potential 10x - 50x in the next 6 months:

1) Moonriver ( I mentioned it on launch day) thought it was going to be listed at $5 but boy it shot up to 130 then dipped to 66 and now trading at 198
2) Kilt Protocol - got in presale. Will hit the exchanges most likely in October.
3) Shiden Network - market bought the Dip
4) Glmr (Moonbeam) - got in presales. Will also participate in Polkadot parachain auction.

I am researching coins on Near, Solana, Fantom. I will update inshallah within a couple of days. Just allocating funds into sales for now.

For Cardano's project - Sundaeswap will be massive, Cardano has a huge cult following. Without Smart Contract they reached a mcap of over 91 billion, after 12th September I see another dip. I would recommend buying the dip and swap for some projects on Cardano you can 10x your Ada bag.

I am not a bag maximalist but a $$$ maximalist.

Apologies for not updating.

P. S - Please look into the eco system of Near, Fantom, Solana, Avax, Cardano, Polkadot / Kusama, Agoric (not out yet) - try to get into sales, i flooded their dm in twitter but they are not replying me lol.

Sign up in Coinlist - they always have good projects coming up funded by Alameda research and Coinbase ventures.

 

[Ashraful_Rox]

May be the Jotish can you now, and take advantage of your services?

My service will always be free brother

I want my brothers to make some $$$ so that we can contribute to Pakpassion for the better we'll being and longevity of this forum also bribe our way to Some POTW

 

[Ashraful_Rox]

Thanks bro. Eagerly waiting!

There are two new coins which will be hitting the market $RMRK tokens, just like Kilt Protocol it will have one token for both Polkadot and Kusama, it's the rarible + opesea of the Kusama
Polkadot eco system. Not out yet and it will have. fair launch and distribution. Keep a look out.https://twitter.com/RmrkApp

Another big potential here and it is backed by insiders.
https://twitter.com/ZeitgeistPM

Moonbeam (Coinbase ventures & SBF are investors) - I got into presale for this one. They will have a round 2 on the 9th and 10th - try to get into presales bro. This will do a 20x atleast
https://twitter.com/MoonbeamNetwork

 

[Ashraful_Rox]

Do share for Cardano pls
I got on Cardano as avg buy for 0.2 and its sub 3k now. Staked it at 1.5 and now thinking to exit

Salam bro, apologies for the late reply. You have made massive gains, I would have sold at $3+. Now we just wait for the smart contract launch and within the next 6 months I expect ADA to hit at least $6 - $10. I expect a dip on the 12th of September, I may be wrong because Cardano cult is stronger than Ethereum maximalists.

If I was you I would be selling at $3 and look for potential lower cap gems to get a 10x - 20x as $ADA can maximum do a 2x - 3x. The potential is huge for lower mcap coins

 

[Colorblind Genius]

There are two new coins which will be hitting the market $RMRK tokens, just like Kilt Protocol it will have one token for both Polkadot and Kusama, it's the rarible + opesea of the Kusama
Polkadot eco system. Not out yet and it will have. fair launch and distribution. Keep a look out.https://twitter.com/RmrkApp

Another big potential here and it is backed by insiders.
https://twitter.com/ZeitgeistPM

Moonbeam (Coinbase ventures & SBF are investors) - I got into presale for this one. They will have a round 2 on the 9th and 10th - try to get into presales bro. This will do a 20x atleast
https://twitter.com/MoonbeamNetwork

How get on Moonbeam's white list? Is it even open and are US investors allowed?

 

[Ashraful_Rox]

How get on Moonbeam's white list? Is it even open and are US investors allowed?

Unfortunately US investors can't partake in presales which is a shame. Let me try to find some other gems for US brothers

If anyone can't get into presales, marketbuy Moonbeam (GLMR) upon launch, look at Moonriver (MOVR) - GLMR will do the same if not bigger. GLMR will be out late this year or early 2022

 

[Billa86]

There are two new coins which will be hitting the market $RMRK tokens, just like Kilt Protocol it will have one token for both Polkadot and Kusama, it's the rarible + opesea of the Kusama
Polkadot eco system. Not out yet and it will have. fair launch and distribution. Keep a look out.https://twitter.com/RmrkApp

Another big potential here and it is backed by insiders.
https://twitter.com/ZeitgeistPM

Moonbeam (Coinbase ventures & SBF are investors) - I got into presale for this one. They will have a round 2 on the 9th and 10th - try to get into presales bro. This will do a 20x atleast
https://twitter.com/MoonbeamNetwork

It appears if one needs to participate into any of these crowdfunded tokens, is to signup and wait for token distribution. Sometimes I wonder if the tokens are distributed to selective/random signups only.

 

[OMB]

My service will always be free brother

I want my brothers to make some $$$ so that we can contribute to Pakpassion for the better we'll being and longevity of this forum also bribe our way to Some POTW

ok airdrops then

 

[Ashraful_Rox]

It appears if one needs to participate into any of these crowdfunded tokens, is to signup and wait for token distribution. Sometimes I wonder if the tokens are distributed to selective/random signups only.

If you are an influencer or help the team do marketing then you can participate in the presales. That's why brothers please have a twitter account and be active. I want everyone ready for the 2025 bullrun. We are a team. I want everyone of my brothers to make it

 

[Ashraful_Rox]

It appears if one needs to participate into any of these crowdfunded tokens, is to signup and wait for token distribution. Sometimes I wonder if the tokens are distributed to selective/random signups only.

ok airdrops then

Inshallah oneday ill be making my own project then free airdrop for all brothers