CryptoAlchemy
Mon May 20 2024
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5 answers
1129
Is it OK to not pump every day?
I've noticed that the value of cryptocurrencies can fluctuate quite a bit, and some people seem to be constantly trying to 'pump' their investments for quick gains. But is it really necessary or advisable to do this every day? Couldn't one's strategy simply be to hold onto their coins for the long-term, riding out the ups and downs of the market? After all, isn't the fundamental value of these currencies supposed to be based on their utility and adoption, rather than short-term speculation? Could you please elaborate on this, and perhaps offer some insights into whether a daily pumping strategy is sustainable or beneficial in the long run?
SeoulSerenity
Fri Mar 29 2024
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7 answers
1664
How much XRP is burned daily?
Excuse me, I am quite interested in the concept of "burning" cryptocurrencies, especially XRP. Could you please elaborate on what "burning" XRP actually means in the context of cryptocurrency and finance? Furthermore, I am curious to know the daily amount of XRP that is burned. Is there a specific mechanism or process that determines this amount? And what are the implications of burning XRP for the overall supply and demand of the cryptocurrency? Thank you for your time and assistance.
