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cryptovlek

Is it late to buy Bitcoin? - Dollar Cost Average

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I bought Bitcoin for the first time in 2019. I put $ 100 and bought when the price was $ 10,000 and kept buying as it dropped for months all 2019 and bought again in 2020. I also traded many altcoins sometimes bought the top and many times made some profits from them but the most profit is from Bitcoin.

I was asked this question when I bought in 2019 as Bitcoin was dropping since it reached a top at $ 14000.

 

After the halving Bitcoin moves to make new highs makes a small break with a correction that is between 10-20% and recovers again. The news is very positive and the price keeps rising. Beginners again face this question if this is too late to buy Bitcoin.

 

In my opinion, it is not. If someone buys today it is a very high price and many are waiting for a dip first. A dip can happen but be ready to buy then and don't miss that chance. We don't know when it will happen and how low it will go. For this reason, there is a method called dollar cost average that helps to reduce risk and increase profits.

 

Quote

Dollar-cost averaging (DCA) is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort to reduce the impact of volatility on the overall purchase. 

Quote taken from : Investopedia

 

image.png.884be24d01c783d0c7068a12084137c3.png

Image taken from: https://www.moneyredpill.com/laymans-terms/financial-independence-dollar-cost-average

 

I hope this helps to give an answer, it has served me very well.

 

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The truth is that it is too complex a question, since it depends on the objectives and the risk of the person who decides to buy. If it is in the medium or long term, I think it is not too late to buy. Of course, there would be some risk because I would buy from ATH, which is not recommended, but everything indicates that Btc should continue to rise, so it could be a good investment.
If it's short term, it's clearly not a good idea to buy, because the probability of a correction is very high.

 

I also think that this model is an excellent way to acquire Bitcoin so that there are no losses.

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My friend, there are no specific times for the currency to fall or rise, but the issue is related to supply and demand for it, and we cannot wait long, so it will be 19,000, and after waiting for us, it becomes 21,000. Therefore, make an investment after your careful study about it.

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Bitcoin is a digital currency.  Bitcoin is a very valuable currency. If you want to trade Bitcoin, you need to acquire good knowledge and skills about Bitcoin.  Bitcoin is a very popular currency in the world.  The price of Bitcoin is increasing day by day.  You can make a good profit by trading Bitcoin efficiently. Thank you.

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I don't think now is the right time to buy bitcoin because the price is currently very high and it would be very risky. My advise would be to wait for the price to dump and take advantage of the market before buying. After buying at a low price, you then sell off when the value increases.

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On 12/20/2020 at 4:19 AM, felipe199516 said:

I believe that the bitcoin this next year will only continue to increase its value.

I think so too, and this is why I given this as an option to make a better investment. Bitcoin isn't only rising, it didn't do that in 2017 either. It has massive swings that turn the price down to support levels and there are many good times to buy. When I started I ddin't know a lot, I followed dollar cost average without knowing it, but later I learned this and kept doing it even better, buying more when it was going lower. With hindsight I can say it worked so far as I bought high in 2019, bought lower in 2020 and the average price was reduced. Buying today all in one has a bigger risk, so the plan with dca is to buy in increments to reduce the risk.

Edited by cryptovlek

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The current rate of Bitcoin means that Bitcoin can no longer be used because the rate has increased so much that if we buy Bitcoin we will have to face a loss. So those who want to buy bitcoin now should not buy now because now the price is high so you can buy when the price of bitcoin goes down.

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You can get good profits from Bitcoin. This is a useful experience. These opportunities that everyone sees now are irreplaceable. You now got a profit rate during these years, and you can get good profits again if you are at a good point.

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Учитесь, учитесь и учитесь на своих ошибках :classic_smile:

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I agree if you want to invest in BTC then don't think that its late as There is more demand for BTC so the predictions are in favor that the price of BTC will rise more so investing in bitcoin would be profitable and the people who trusted it at it's lows are the happiest by seeing the rise of it.So don't waste the time make your mind and take a decision.Good Luck!

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On 12/27/2020 at 11:48 PM, pablomarwan said:

You can get good profits from Bitcoin. This is a useful experience. These opportunities that everyone sees now are irreplaceable. You now got a profit rate during these years, and you can get good profits again if you are at a good point.

Profits are to be made and I think Bitcoin hasn't stopped yet, the price can easily reach $40,000. Today it stopped and altcoins are on the rise, the fees for Ethereum are too high.

On 1/1/2021 at 8:31 PM, Arslan Ch said:

There is more demand for BTC so the predictions are in favor that the price of BTC will rise more so investing in bitcoin would be profitable

I think the demand keeps rising for Bitcoin and it will not just stop now. It was very high demand that emptied the sell orders and it is still rising. We can have hope for even higher price for Bitcoin the next few weeks and see where this will go.

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Hello everyone, it is very difficult to buy bitcoin from today's point of view, if we look at 2019, we saw that the value of bitcoin was very low, but as soon as 2019 stands, We saw that the price of that bitcoin suddenly skyrocketed in 2020, where it was $ 100 and where it has now reached $ 10,000. Bitcoin has reached its heights today due to the interest of the people and Brother in Future will be very helpful to us if we buy bitcoins now. Because we think most probablly The value of bitcoin will increase and more and then net will not be possible for us to purchase bitcoin 

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It's a complex question. 

If you have lots of money you can buy btc & exchange or reserve this.

If you dont have enogh money,you need to wait when the price fall decrease.

The best idea is crypto mining. 

For mining crypto,You need to arrange some mining equipment.

Like(High resulation graphic card,mining rig.

But,make sure your electric condition smooth...

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I don't think presently is the perfect chance to purchase bitcoin in light of the fact that the cost is as of now exceptionally high and it would be dangerous. My prompt is trust that the cost will dump and exploit the market prior to purchasing. 

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On 12/19/2020 at 12:02 PM, cryptovlek said:

 

I bought Bitcoin for the first time in 2019. I put $ 100 and bought when the price was $ 10,000 and kept buying as it dropped for months all 2019 and bought again in 2020. I also traded many altcoins sometimes bought the top and many times made some profits from them but the most profit is from Bitcoin.

I was asked this question when I bought in 2019 as Bitcoin was dropping since it reached a top at $ 14000.

 

After the halving Bitcoin moves to make new highs makes a small break with a correction that is between 10-20% and recovers again. The news is very positive and the price keeps rising. Beginners again face this question if this is too late to buy Bitcoin.

 

In my opinion, it is not. If someone buys today it is a very high price and many are waiting for a dip first. A dip can happen but be ready to buy then and don't miss that chance. We don't know when it will happen and how low it will go. For this reason, there is a method called dollar cost average that helps to reduce risk and increase profits.

 

Quote taken from : Investopedia

 

image.png.884be24d01c783d0c7068a12084137c3.png

Image taken from: https://www.moneyredpill.com/laymans-terms/financial-independence-dollar-cost-average

 

I hope this helps to give an answer, it has served me very well.

 

Hello friend, considering the fact and analysis you have provided I feel its not too late or bad to buy bit coin. The Market for it is still developing and many investment are currently done with it. It's Global acceptance is gradually becoming a past event.

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I think most people continue to buy bitcoin because most analysts say that bitcoin will continue to rise until it reaches the price of $100,000 but the situation of the cryptocurrency market has become very volatile so we have to be careful. 

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It is always a good time to buy BTC but we must think long term and not panic if the price drops.
In these days BTC crossed the barrier of 40k and between yesterday and today it fell to 33k so today would be a good opportunity to buy and take advantage of this price correction. It is very likely that in the course of the week it will return to the rise.

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If we buy in steps, we get better results, and lower risk. When price dropped to 30k, if we followed DCA strategy it would take us to a great average price for our investment, and today in top profits. We didn't know that Bitcoin would drop to $28000 from $42000. If we bought all together at $42k it would still be a loss for us.

Buying in steps, for example every week $25, it would given us today a great average price and we would be in profit.

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Actually it is very risky to trade in Bitcoin because I can see in couple of hours BTC pump so hard so that's only profit but sometimes it dumping we don't think so we need to do it very carefully because we can face such huge loss if we did some mistake..

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Yes my friend in my opinion we are late because if we buy bitcoin 3 to 4 months ago and sell them almost 20 days ago when bitcoin price is 40000 then we can get more profit by trading or investing of bitcoin .

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Thank you for giving this type information about the investment of coins .you give good and large knowledge about the investment. I think for long term investment the bit coin more good . Because value rate bot coin changed highly compared with othe money.

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For buying bitcoin or any other crypto currency it's all the time the right moment to buy some even 8f the price it's very high in general you can't lose your money when you put them in crypto currency if it's to late to sell them you can hold them for the future 

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Welcome, dear, I appreciate this participation for you ... Investment and trading is a profitable business and we can get abundant money with less time and effort, but that has conditions where you have to gain experience and skill in forecasting, analyzing and observing the movement of currency rates and choosing the right time for trading so that victory is achieved and a guaranteed profit is achieved.

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Of course, the price of Bitcoin has increased a lot, but we have not missed the train yet because it will continue to rise, so whoever wants to store some money in Bitcoin does not hesitate to do so because the matter is so far available.

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My dear friend I want to tell you that I am a new member on this forum and I am getting the knowledge about the cryptocurrency and about the cryptography so according to my opinion this is really expensive va to buy the Bitcoin

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Hey, buddy. how's it going? I hope you're okay and healthy. I don't have enough information about this topic, but thanks to your post and ideas that you own I could take some information that will make me the most successful in the field. Thank you my friend for this information you have given us and surely all members will benefit from it. With my best wishes to everyone.

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The chart shows a distinct surge on Thursday, 9 May, triggered by data indicating a cooling US labour market. The pound was also supported by optimistic GDP data for the UK for Q1 2024 and manufacturing sector data for March. GDP (quarter-on-quarter) rose by +0.6% after a decline of -0.3% in the previous quarter (forecast +0.4%). Additionally, the GDP grew by +0.2% year-on-year, recovering from a fall of -0.2%.   As with the euro, the pound is under pressure from the prospect of earlier monetary policy easing by the BoE compared to the Fed. However, the British currency ended the past week above the key 1.2500 level, at 1.2523. Moreover, 65% of analysts expect the pair not only to hold above this horizon but also to continue its growth. The remaining 35% voted for the pair's movement south. As for technical analysis, trend indicators on D1 are split 50-50. Among oscillators, only 10% recommend selling, 40% took a neutral position, and 50% recommend buying (10% of them signal overbought conditions). If the pair rises, it will encounter resistance at levels 1.2575-1.2610, 1.2695-1.2710, 1.2755-1.2775, 1.2800-1.2820, and 1.2885-1.2900. In case of a fall, it will face support levels and zones at 1.2490-1.2500, 1.2450, 1.2400-1.2410, 1.2300-1.2330, 1.2185-1.2210, and 1.2070-1.2110, 1.2035. The upcoming week's calendar highlights Tuesday, 14 May, when data from the UK labour market will be released. Also of interest is the Inflation Report hearing scheduled for Wednesday, 15 May.   USD/JPY: $50 Billion Interventions Wasted?   It seems that until the Bank of Japan (BoJ) takes confident and clear steps to tighten its monetary policy, nothing will help the yen. At its meeting on 26 April, the board members of this regulator unanimously decided to leave the key rate and QE program parameters unchanged. Expectedly tough comments on the outlook were also absent. This inaction increased pressure on the national currency, sending the USD/JPY pair to new heights. It continued its cosmic saga, reaching a new 34-year high of 160.22. Following this, Japan's financial authorities finally decided on a double currency intervention. Although there was no official confirmation, experts estimate its total volume at $50 billion.   Did it help? Judging by the USD/JPY chart, not really. The pair headed north again last week. Unlike the euro and the British pound, the yen barely reacted even to weak US labour market data on Thursday, 9 May, only slowing its decline.                    All this occurs amid endless statements from the Japanese Central Bank and Ministry of Finance about their readiness to take necessary measures to reduce speculative pressure on the national currency. The published minutes of the BoJ meeting show that most board members took a "hawkish" stance, calling for a rate hike.   However, many analysts believe that the Bank of Japan will take only one such step in the second half of the year. The last chord of the past five days sounded at 155.75. Economists at Singapore’s United Overseas Bank Limited (UOB) expect the USD/JPY pair to trade in the 154.00-157.20 range in the next 1-3 weeks. UOB also believes that the chances of it falling to 151.55 have significantly diminished. Overall, most experts (70%) simply shrug their shoulders in uncertainty. The remaining 30% persistently expect the yen to strengthen. As for technical analysis, 100% of trend indicators on D1 look north. Among oscillators, 50% are such, 15% point south, and 35% point east. Regarding support/resistance levels, traders should note that with such volatility, the slippage can reach many tens of points. The nearest support level is around 155.25, followed by 154.70, 153.90, 153.10, 151.85-152.25, 151.00, 150.00, after which come 146.50-146.90, 143.30-143.75, and 140.25-141.00. Resistance levels are 156.25, 157.00, 157.80-158.00, 158.60, 159.40, and 160.00-160.25.   Events of the upcoming week include the release on Thursday, 16 May, of preliminary GDP data for Japan for Q1 2024. No other significant publications regarding the Japanese economy are expected in the coming week.   CRYPTOCURRENCIES: A Week of Reflection and Uncertainty     What will happen to bitcoin in the foreseeable future? It seems there is no clear answer to this question. Experts and influencers often point in opposite directions: some shoot for the stars, while others keep their eyes on the ground.   For instance, according to the founder of Pomp Investments, Anthony Pompliano, bitcoin is "stronger than ever." He concluded this based on the 200-day moving average (200 DMA) reaching its ATH (All-Time High) of $57,000. Michael Saylor, CEO of MicroStrategy, is also optimistic. In his latest message, he urged investors to "run with the bulls." (It should be noted here that MicroStrategy holds 205,000 BTC on its balance sheet, so Saylor's bullish calls are quite understandable. He simply has to do this for his company to profit rather than incur losses).   However, analysts note that bitcoin's fate depends not only on the rosy calls of the MicroStrategy CEO. And if buyer support weakens, BTC could break through the key support level of $61,000, falling to the $56,000 zone, where significant liquidity is concentrated. MN Trading founder Michael Van De Poppe does not rule out another correction to around $55,000. However, the specialist quickly reassures investors, stating that this is quite acceptable as long as bitcoin holds above $60,000. Anthony Pompliano believes that the price will not fall below $50,000, and another expert, Alan Santana, does not rule out a drop to $30,000.   Trader and analyst Rekt Capital believes that the first cryptocurrency has exited the post-halving "danger zone" and entered the initial phase of re-accumulation. According to this expert, in 2016, BTC demonstrated a long red candle after the halving, falling by 17%. This time, the pattern repeated, with the difference between the post-halving maximum and minimum being 16%. The price reached a local bottom at around $56,566 but then rose to $65,508, on which Rekt Capital concluded that it re-entered the "re-accumulation range." However, there is one "but" - after this, we again observed a drop to $60,175. Overall, it seems that BTC/USD is in a descending channel, which increases investor concern.   In general, the forecasts are quite diverse. Information on the activity of various categories of traders and investors also varies. Analyst and CMCC Crest co-founder Willy Woo noted the activity of so-called crypto dolphins and sharks. "There has never been such a rapid purchase of coins by wealthy holders as in the last two months when the price fluctuated between $60,000-70,000. We are talking about those who hold from 100 BTC to 1000 BTC or approximately $6.5-65 million," he explained. On the other hand, according to CryptoQuant analysts, whales holding from 1000 to 10000 BTC, unlike dolphins and sharks, have behaved quite passively. Michael Van De Poppe, for his part, notes the absence of retail investors.   All this suggests that we may not see new all-time highs for BTC in the coming months. We wrote about this in the previous review, citing, among other things, the opinion of such a Wall Street legend as Factor LLC head Peter Brandt. With a 25% probability, he assumed that bitcoin had already formed another ATH within the current cycle. As for long-term forecasts, nothing has changed here - most of them predict a powerful bull rally for bitcoin. Anthony Pompliano writes about this. Willy Woo expects bitcoin to continue increasing its penetration into various spheres of everyday life, meaning the number of users will grow. "By 2035, we expect bitcoin's fair value to reach $1 million. This forecast is based on the user growth curve. And I'm talking about fair value, not a peak during a bull market frenzy," the analyst notes.   The author of the bestseller "Rich Dad Poor Dad," entrepreneur Robert Kiyosaki, once again included bitcoin in the TOP-3 ways to save and increase capital. "Bad news: the [currency market] crash has already begun. It will be severe. Good news: a crash is the best time to get rich," he wrote, offering several recommendations on how to act in a crisis. Let's note two of them. The first reads: "Find an additional source of income. Artificial Intelligence will destroy millions of jobs. Start a small business and become an entrepreneur, not an employee afraid of losing a job." "Don't hoard fake money (US dollar, euro, yen, peso) that is losing value. Hoard gold, silver, and bitcoin - real money whose value increases, especially in a market crash," is Kiyosaki's second recommendation.   Regarding bitcoin's growth, Kiyosaki is absolutely right; it's even pointless to argue. According to a study by Colin Wu, better known as WuBlockchain, over the past decade, the price of the leading cryptocurrency has grown by an astonishing 12,464%, outpacing giants like Amazon, Apple, Google, Meta, Tesla, and Netflix. BTC was second only to Nvidia (+17,797%). But the fact that bitcoin took second place, being a representative of a relatively new and volatile market, is a real achievement. BTC's impressive growth trajectory over the past decade demonstrates its resilience and potential as an essential component in investors' portfolios.   At the time of writing this review, on the evening of Friday, 10 May, the BTC/USD pair is trading at $60,470. The total market capitalization of the crypto market is $2.24 trillion ($2.33 trillion a week ago). The Crypto Fear & Greed Index has risen from the Neutral zone (48 points a week ago) to the Greed zone, now standing at 66 points. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Здравствуйте, уважаемые пользователи!   Хотим Вас уведомить, что на сайт добавили следующие направления обмена: Monero XMR > Cardano ADA Cardano ADA > Monero XMR
    • QUARK DRAINER Get rid of all lack of money headaches Other boards: https://niflheim.world/threads/quark-drainer-seaport-1-5-blur-x2y2-fix-metamask-permit-2-smart-contract.40662/ PRICE : $5 000   + All sources of QuarkDrainer (backend, frontend, smart contract) + Instructions on how to install and get started. + Invitation to the closed community who bought drainer + Author's manuals and articles on how to work with the drainer, traffic + Technical support + Regular developments, the fastest innovations of new features (free)   QUARK DRAINER - Without a doubt No1 drainer. Here you do not go to a lottery, I hope the functionality and materials all clear without unnecessary water in this port. So here's a little bit about me, I've been coding for 6 years, 2 years since I quit working for the shops and went gray рџ™‚ my base is ES6, Git, MongoDB, DOM, AJAX, jQuery, Javascript + React, Material UI, Single Page Application. When I was getting about $1750-2000/month, one scammer  found me on github and asked to do some web3 development (it was the first drainer with the simplest functionality), he paid me $3000 for 2.5 weeks of work since it was my first experience and it was really boring to look at web3 libraries. After that, I had a thought as 1 person without knowledge in the right area and portfolio - paid such money. From that moment I had no problems with $ for any of my fantasies and needs. And now you see the ideal product and community in which you will be happy. If you're interested - the door is open рџ™‚ Which wallets does QuarkDrainer interact with? Optimization for all devices Metamask, TrustWallet, Coinbase Wallet, Binance Wallet, Wallet Connect ~300 wallets (https://explorer.walletconnect.com) Asset Withdrawal Methods > Transfer > Seaport 1.5 (withdraws all approved Opensea assets in one click) > SetApprovalForAll (gets NFT collection in one click) > Signature Message (gets assets with a signature) > Metamask private fix (no token count, no token name, NOTHING - just a button without red plates) > Approve (Automatic withdrawal of assets after approve confirmation) > Permit + 2.0 (One-click withdrawal of tokens confirmed by Uniswap + Permit 1) > Smart contract (Removing the native "main network coin" with any Airdrop/Claim/Reward/Swap/Router/Withdraw/Your Creative...) > NFT ERC 721/1155 > BLUR, X2Y2 (Gets all approved assets in 1 click) > Moonbirds, Sushiswap, Uniswap, PancakeSwap In what networks does the drainer work? It works on ALL 0x networks you can find the networks you need here: https://chainlist.org/ Configured for Ethereum (ETH), Binance Smart Chain (BNB), Polygon (MATIC), Avalache (AVAX), Arbitrium One (ARB), Optimism, Fantom Opera (FTM). On request we will enable or disable networks you need. Why Quark Drainer? Help on every step if required Setting up takes up to 30m > Author articles (on working with drainer, traffic basics, tricks and creatives) > 60 frontend custom builds (creatives you can use as a basis for your own custom builds) > Approved services (bulletproof hosts, domains, bots etc) > Complete tracking of victims' actions on Telegram bot > Advanced developments - we are always the first and the best in implementing new methods and vulnerabilities for asset drains. > Parsing assets and withdrawal priority > Automatic withdrawals of any assets to your wallet once approved > Forget about red signs or inscriptions and stuff - always be with the top-of-the-line fixes > Next JS programming language, source clean code (any testing) > Buying not from resellers/merchants but from developer directly straight from the oven > Technical support - I answer any stupid and absurd questions (mostly online) > Author's articles - sharing my experience in traffic, schemes and personal practice with the "money" button > Quark+ software for Insta/X/FB/Reddit/Tg. Autoposter, retweets/reposts, likes, dm > Custom logic of draining strategy. You can enable retries on highest value assets or disable that > Ready-made websites > A community (60+ppl) - a closed chat room for everyone who has bought the Drainer Contact Us Telegram : https://t.me/quarkdev Drainer Channel: https://t.me/quarkdrainer Tox&Jabber send to PM     Whoever needs will read it According to my observations, the scripts on the market are crap (what else would a dev write showing his product I'm "shocked" by what they sell for $ 350-2500 on boards, while in cryptoscam monthly turnover is a 6-7 digit for each team, for me it's laughter apparently all who buy such products can not make some 10k to get out of good script for a month. Resell scripts, sell public crap or pieces of code. DAMN if you think $5 000 is expensive and ask me to sell for $1 000 - do not write me please, otherwise I will have to insult you very much. Since you probably didn't ever work with drainer - if you don't have couple of btcs in your crypto wallet... Thanks for your time I hope you experienced at least some emotions reading my topic
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