Investing in crypto generally is risky and it's even risker when you put your money into altcoins, bitcoin is a lot safer because it's a community driven coin supported by many industry leaders and hence no CEO or what so ever, unlike other altcoins, So it's up to you to make the best decision, but if you are going to put your money in altcoins go for good and solid coins not shitcoins meant for pump and dump to avoid losing your money.
More risk more profits that's why many people try their luck or try their opportunities investing in altcoins and hoping that their coins will go up drastically. But unfortunately many people didn't prepare for the worst since many altcoins end up scammed after a few months or even after their token sale. Its always advised to do research and always use money that we can afford to lose since a lot of uncertainty happening in the crypto market. |
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This question seems so simple, yet the answer seems to escape me. Both involve technical and fundamental analysis, which includes indicators, charts, and candlesticks. They make use of the same trading principles, ideologies, and strategies. However, I have yet to see a forex trader who has dumped forex trading for crypto trading. I have yet to see a forex trader who doesn't claim that they make more money than crypto traders. I have also yet to see a crypto trader who has dumped it for forex trading. Have you made a move from Forex trading to crypto trading or crypto to Forex? What happened? Can one do both at the same time?
I have a friend who move from stock trading to crypto trading since stock is a little bit slow to get profit compared to crypto then he decide to move all his money from stock to cryptocurrency. Both of them are the same just like you said they use analysis, charts, etc. The main difference is probably the volatility and the risk that both have. |
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I lost my job during covid 19. I was pretty much starving. I had to suffer from various problems starting from financial problems. Almost all countries have been affected by the covid-19 deadly virus. At that time, thousands of people were living in fear. Now my financial condition is much better after covid-19 is under control.
It it sad indeed, especially in a third world country like us and it is more painful because corruption is still there. The needy doesn't get the things that they really need to have such as food and goods. Most of the politician here has more money during this pandemic, I remember our SK that has been televised in local tv network for having expensive motors while the people in our municipality is starving and yet they have the budget to buy new high value motor and new hilux, it is very painful for us. Yeahh too much corruption in our government, the really bad thing is when people that affected by covid-19 should have to get some money to survive from the government and many corruptors are corrupting that covid-19 money. Government really doesn't have shame to those people who are starving and instead show off their wealth on social media or to their friends. |
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~snip~ So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.  Everything in the Crypto market won't last forever, there are lots of risks in the crypto market and one of them like what you said but many people investing in NFTs because they love art, they see the potential of investment in NFTs, and they try to invest in something new, etc. NFTs won't last forever but long term absolutely yes in my opinion, just pick a good NFTs and hodl it like a few years and see what happens. |
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Shitcoins are starting to gain hype so to avoid losing your hard earned money read this.
1. They are not created for long term most of the time shitcoins exist for short term and devs who create it will dump this because they move to their next project to avoid losing your money sell it immediately once you are in profit.
~snip~
Yeah for all those reasons I rarely invest in meme coins since I'm a long term holder not a short time, meme coins easily pump and dump just because someone manipulates them to get more profits. Personally I'm really avoiding investing in meme coins except when I have money to throw freely in meme coins but something that I like about meme coins is their community is pretty solid to build the coin together. |
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~snip~
Do you think bitcoin will stay if government totally remove their hands or stand against it?
Bitcoin will stay alive if people keep using it, many people bought Bitcoin because they already see Bitcoin potential as an asset. The government quietly bought Bitcoin because they see it too and they bought it at a big amount which they can pump and dump Bitcoin easily. Right now Bitcoin transaction fee is a problem that we should resolve since many people complain about the Bitcoin fees. |
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You should read better learn proper way asap. Now this process may working fine but soon You'll realize that, this strategy is wrong. It is not necessary that every currency you triggered, will follow your patten!! Most of those go down and take long to come back even some of those get scammed. So set a limit i mean stop loss, where you can move on with or without profit but First learn the fundamental. Otherwise you will lose in long timeframe
stop losses are very important in a trade, sometimes it happens a lot after touching the stop loss then the market goes back up and we regret using the stop loss, but after trying to remove it in the next transaction, what happens is that the market is dragged away again and we experience bigger losses and in the end keep holding it until floating in the long run. this is what should be avoided, because when it happens like that it is difficult to think healthily, and in the end it actually actually consumes our capital That's why we should use stop loss lower from the support, if we do an analysis we should know the support line. It's better to spend our time doing analysis rather than spending our money in vain, as a newbie having a good mindset and want to learn is already enough, something like stop losses, leverage and others can learn after we are used to trading. |
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Hello everyone,
I’ve lately been trying alot of different ways to start making money but something in me tells me trading could be really fun and exciting to get into. Unfortunately I can’t afford to invest much right now so I’ve managed to invest around 20$ to get started. I’d really appreciate if you all could let me know if what i am doing is worth it or am I just wasting time?
Kind regards,
Human
in crypto any amount is worth in my opinion, you can try to invest Bitcoin or other top altcoins if you're confused about where to invest. If you want to risk your money in altcoins you can try meme coin where some meme coins can be up 100% in just a few days or even a few hours. As long as you afford to lose your money then its set to go to invest in the crypto market. |
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an active project indicates a balanced supply and demand, and this means that the project is very positive in terms of interest, no one wants to invest in a passive project, unless he really believes in the potential of the project later, but not everyone wants to take risks that big, therefore an active project is more desirable
Correct. I agree with you that not everyone who wants to invest in projects is passive. Moreover, passive projects have a big risk of failure. Only people who are experienced and able to analyze in detail are willing to invest in passive projects. people who invest in passive projects at least they are able to see the potential profit in the project later. On the bear market many crypto projects go passive because many people didn't take a look at crypto so it's hard to find investors in a bear market like they're cutting their operational cost to a minimum so they can prepare when the bull market begins they will start big development again. We always have an option if we didn't find a good project which is Bitcoin. |
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~snip~
Before you get to invest in crypto or bitcoin endeavor to know about the basics so you don't end up taking wrong investment decisions about it, so you don't send the wrong message or signal to people out there that are yet to know and partake in the industry. Just like one of the photos I put up a alleging how "crypto is a biggest lie", and bitcoin isn't excluded in this statement either.
Those people who spread FUD on the internet are someone who really loses lots of money because they have a weak mindset or someone who just want to buy at a cheap price so they spread FUD to make the crypto price goes down. Its sad for those people who are always bad talking about crypto on the internet but in reality they keep accumulating crypto |
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Indeed, there are not a few projects that have a credible team behind them, but in the end the project is a fraud. But at least with a credible team that builds a project, it will gain trust in the eyes of investors. But we must realize that no matter how good a project is and have a credible team, there are definitely risks in investing in crypto currency.
Well, any business involves profit and loss, but the crypto currency market is a very risky market and the risk of loss is high here.If seen, sometimes a very good and big project is also scammed, As the example of Luna and FTT , but in the top and good coins of the market, such rates are very low. There are many projects that are realized at the very beginning that they have no future. After our little hard work and research and information we can find good and best projects and protect ourselves from scam projects, because the fraud project team is always very capable, they take people to their side and deprive people of their capital. Yeah, even top altcoins were dumped really hard. We can't predict the future of a new project because in this market its really volatile. If we want to avoid a scam project then its better to invest in Bitcoin rather than look for a new project to invest. I really hate when a project goes scam because the team abandon the project without any real effort. |
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