Bitcoin Forum

There have been a lot of speculations about bull run lately, some people already concluded that we are not likely to have it again, but feel preparing for it will not harm you. Just to make sure that you are not missing out why don't you do it this way, invest at least 10$ in as much as possible coins that you can get that look promising to you. If the bull run eventually comes, you know what 10$ coin can give back to you. I feel it is better than folding your hands or putting all your resources in one coin.
You can regard it as a way of saving for the future. If you wait for the bull run before making an effort, it might be too late. Don't forget, he that fails to plan has planned to fail. It is just a piece of advice anyway.

Newbies are very easily to badly invest into projects that are told as very promising. Promising, how do you consider a project is promising?

It requires many things and you can not rely on the others to believe in a promising project. Such stupid belief will cause you to invest in that project. I don't care about the technology behind DeFi projects that are widely considered as promising, and also as the future of blokchain ecosystem and financial markets. Months later, maybe within a year or two, you will see how promising DeFi projects are.

It's a good advice but you've put a fact apart and that's choosing reliable coins not because of the probably bullrun but for your funds sake, I recommend doing research and choose well developed projects because if bears take over you will have a confidence of recovery, NEO, EOS,BNB can't go wrong on the long run

This kind of strategy is difficult, especially for newbies. All startup coins can easily convince these newbies that their coin is the next big thing, but the truth is that, they don't have any proven track record with. I'd rather go for coins or alts that already has a name to protect. Top ones are BTC, and ETH, and some other good ones are like XEM (NEM) since they'll do an airdrop by Q4  (https://symbolplatform.com/)with their new token with Symbol and it's 1:1, and some other alts than boosted up are Doge and Carnado.

Those some people you did not even mentioned are just speculating.everyone of us here have their own judgement and speculation, and they are free to express it,  they are entitle to their opinion but not the facts, so my thoughts is I don't care I believe what I believe in when it comes to investing.

I kinda agree. If you have few $ and you DYOR on the project, heck, why not.
It could be a dud, it could pay off bigtime. OFC don't invest in scams or obvious shitcoins

They are free what they want to conclude while I'm expecting that there's an upcoming bull run but it's unknown when it will happen. The example that you have given might be small for some but the logic is there. You have to invest while we're not yet in the bull run so you have prepared yourself before it happens. Choose the coins you want to invest wisely and if you won't and still falling for those scams, you better stop investing in the quick rich promising projects.

There are lots of bullish and bearish speculations happening in the market right now. In youtube and other social platforms, there are countless prediction on the prices of cryptos that is about to happen. But for me, I am bullish. That is why I am trying to amass cryptos that I trust or I believe have the potential of success in the coming months.

As long as you do your homework and invest on the right projects, I dont see any harm on putting up some money and prepare for the bull run. As usual we never know when it will happened so its better that we have some tokens or coins that have been save and safe on our wallets. Bull run is not coming overnight but will not also stay long so better to maximize the time and dont be greedy not to sell if its necessary already. Nice advice OP!

That's why it is called speculation in the first place, as we really don't know where the price will go. Bull run will eventual come in, but we have to wait. I would tend to agree that as little as $10, you can invest and see how it goes for us and you.

Saving or diversification, whatever we call it, as a investors we should be always be ready. We don't know where the bull run will occur, but if you get it prior, I'm sure you will be satisfied with the profits that you are going to make in the future.

What makes you think you can make a lot of money when you invest 10 $ for a coins?  Even the price will increase to x10 you Will  only gain 100$ from your 10$ investment And in fact, it is difficult to repeat the increase of price of altcoins and  give good return from older coins. Meaning even if we are in bull market  the 10x increase is not yet possible and its too hard to happen.

I can call the current situation is alt season.

As you can see there are a lot of altcoin which gain a strong increase. Like ADA, XLM, DOGE, BINANCE, ALGO and many more which facing a huge increase.

If we compere with bitcoin price movement I predict that its price just consilidating in the range of $9000-$9700 just like that in a few months back.

Yeah, you maybe right at this situation. You can pick some coin that you think is good based in your opinion. And I don't think $10 is large amount to start, I'll be prepare to choose only one coin but I can make a lot of money in it.

In the crypto world, don't trust too much by:
1. The influence of many parties related to the good news that will make a coin jumped dramatically
2. Bad news that will make coin prices drop dramatically.
3. The return on investment profits is very high in a short time and super easy.
4. New projects that provide products that are too excessive and unreasonable
5. Invite someone to invest or follow him to do something and send some money or funds to a particular wallet.

We may consider the good news and bad news of the crypto world, but think it as one of the considerations, not the one to decide our decision. It may help us whenever we are considering something. but always analyzing the truth at first is very logical and wise.

I think what he meant by that is to those people who do not believe that the next bull run will come or to those people who do not want to risk their investment. They can try to invest at least $10, by that, even if they invested only a few bucks, they can still make a profit when the next bull happens.

I agree with your point of view to a certainly extend as we need to be cautious and aware every moment in order to cope up with market situation and utilise it to our benefits. Bullrun is a complete game changer but most of us have no idea that bearish market or sudden bloodbath of crypto is nothing less than bullrun in terms of profit for traders as those who would have bought Bitcoin in the first quarter of 2019 have already achieved 3x profit but expecting bullrun to happen and shelling out on useless coins is not advisable but unfortunately that's what most of newbies end up with.

Only few coins are growing actually. Bullrun might take another year or so. But I have sold some of the tokens I hold for a year and bought Aave and CRO because these two at least are in the bullrun already. The rest of the tokens I guess are still in the bear season. I might just sell it earlier though once there is a sign that the tokens I once eyeing are going to gain some price and the team updates something to their platform that will make it useful for people.

That is why you are always advised to DYOR. Crypto is full of risks we need to understand. like I said, it's a piece of advice.

If that's there conclusion, then let them, every one of us here have their own decision if we follow their decision, and just stand still without investing and supporting coins that we like to support, and another all-time high came then we will feel sorry. when it comes to making a decision about our investment we should read all sides.

You are right, but make sure you are holding the right coin to be sure hold bitcoin that is the safest cryptocurrency and will never be turned scam and will always recover after a crash. Don't just hold new project coins with no reputation. I witness the last bullrun on the year 2017 many projects pop out from nowhere but they are all gone now only genuine remains. Top 15 coins CMC I guess are safer.

Yes indeed that many bull run speculations are out there that gives false hopes to many people. There are lot of projects/coins that is believed to be promising and have the possibility to rise in the future but that truth is that no one can tell there's really about its assurance. If you want to invest in such coins, you should make your own research about it, its goals, the project phases as well as the team behind that project. And yes, it is true that we should invest early before the bull runs happen or else will miss the chance to make profits for all we know that bull run doesn't happen all the time. It takes a lot of time and factors for it happen and we don't wanna miss that chance.

Having said that bull run is not likely , why not advise to trade and take profit instead of buying 10 random coins. I would appreciate if you can list 5 coins that's worth investing for supposed bull run if it happens eventually. No one is buying now for any bul run whether it's coming or not. The bull run is not what happens with 10% rise we are seeing currently. It takes alot for those who understands.

That's a nice suggestion but to do this, there are several factors to put in place of which one of the factors is finding a promising or reliable coin. Remember, there are a huge number of coins in existence of which many are worthless, while new ones keeps coming in, so I think investing $10 in whichever project which looks promising, one might end up making unnecessary mistakes. As for me, I rather stick with Bitcoin and ETH when it comes to preparation for bull run, such that if it happens fine and if it doesn't both coins are the best and thus won't lose value but rather will keep growing.

You're assuming hundreds will moon in the bull run, and he's assuming you pick like 10-20 most promising projects. Of course, the list will vary from person to person, but if you dig around a little, you'll see what many people are gravitating towards. Even some youtube guys have their favorites and speak about them openly

Investing in crypto requires meticulous assessment as you can't just follow what others are telling you as promising. That is the mistake of most newbies because they thought that if they will follow prominent personalities in crypto, their funds are safe. But that is all wrong. Those personalities are not responsible to any of your funds, so they don't care what will happen to your investments afterwards. You should do your own evaluation and research on how to get on top of things with crypto. I prefer to invest on existing coins with actual use case rather than new ones with promising goals. Most of the promising goals are shelved once the team abandons the project.

As a trader, I have plans in different scenarios in order to protect and preserve my gains. Of course I'm aware that everything can happen especially the price of most of cryptocurrencies are so volatile. "If we failed to plan, then we plan to fail" This simple quote that I mention is important and we should remember it whenever we have open position. Planning is vital and we should do it whenever we will buy or sell because good planning can lead us to make a lot of profit and avoid major losses.

Like what you said they are NEWBIE. They certainly know nothing or have barely knowledge anything crypto specially now that the technologies have been in used are new and promising. It would take time for them to comprehend what it is all about. Honestly speaking I, myself still having a hard understanding what is what, how it/that works or anything that is new to me. Let them grow, educate themselves in order to catch up and be able to do what experienced crypto enthusiasts is able to do right now.

But coins that already well-established and succeeded doesn't give back huge profit as under radar, relatively new and young altcoins. Kinda similar to HYIP where the profit is equal to the risk. More risk = more profit that's why you see they try to invest in altcoins.

Is not always easy like that, it takes alot of patience before you can turn $10 to $20 with altcoins, Infact sometimes you can lose your investment when waiting for pump, there are alot of risks involved, so if you buy and later make good profits, I think you should just be grateful luck is at your side.