I think its just correction because bitcoin only get small percentage of whole marketcap. The correction is to make another altcoin down bigger then btc. The bullish cycle is longer then 2017. Look at how btc price held. When its come to bear market the dump is bigger then now.
It will continues goes up in december following to Januari and february. Maybe we will see bear market at the end of 2022
Your analysis seems very interesting to me and it may be very probable, however I analyze the market by Wyckoff's theory and I am guided a lot by the teachings of Jesse Livermore, and based on the uptrend, by Wyckoff it may depend on the type of temporaliadd that it is chosen, but in the long term for me the trend is bullish, in fact many experts assure that the price of BTC can even reach $ 150k and more, this according to some expert analysts from Wall Steet, then everything indicates that the market It can probably take a bullish turn, but it is not necessary to trust, because sometimes the market does everything contrary to the mass, however its analysis seems very correct and fits with everything that is happening at the moment. |
|
|
|
No pain no gain so let's suppose you invest 10$ in 10 projects your tollal invest is = 100$. Even eight of these projects fail and two projects succeed and you gain 50 to 100X in return than you can calculate how much you return
In my case it is very different, because investing in projects currently represents a great risk of losing money, I think that now more than ever, the only project in which I invest in a very short term are in NFT games, because its economy affects me At the beginning and through the market, that is, I like to trade the first or maybe the project is very good for 1 month, but then the majority of the economies begin to break down and fall, then entering a game is something difficult, because a game requires availability every certain hours of the day to farm and also requires a lot of time if you have 1,2, or more games. |
|
|
|
What coins do you think are promising? I think there will soon be a good opportunity to buy alts in the long term, so I am starting to consider options for purchases. Interested in mina, cdt and sand. What do you think of these coins? And what coins do you think are promising?
For long term, Avoid new NFT game coin for now since the competition is very tough as this moment. They are good for quick profit during first month of listing. Only fe Gaming tokens will survive in the long run like Axie which guarantee they will be in the business until crypto is alive. For me Blockchain project is the very worth it project to invest for a long term. Because you can get a massive profit once the blockchain is already working and started to on board there own dapps project that will bring liquidity to its ecosystem just like Solana, Avalanche and Polkadot. Yes, in terms of NFT games, the coins are really promising but in the short term or as long as the economy of the game lasts, or when the game begins to accept many people that their economy begins to crack due to not having enough capacity, however In these long-term moments, I would choose BNB, SOLANA, UNI, DOT, because they are currencies that have resisted all the bearish views and have a sustainable project, and that they have a very large community, which is to attest that things are doing well. , and before any bearish scenario, its own community would be in charge of many activities in order not to see the currency fall. |
|
|
|
I don't think it is possible for one to avoid all scams in crytocurrency no matter how hard one tries.Have lost alot amount of money investing in scams project despite many alot of researches.All sites that posts information about new projects due help one to avoid be scammed but no all.But it is still very important to make research before investing in any project to reduce loss of one's funds.
All scams are somewhat difficult, many who do the scams square them very well, they usually show documents that everything is under the relevant legality, and even real people are searched with KYC and everything in order, and even the best bounty hunters can fall, the reason is simple, if they want to leave with all the funds and steal all the people they want they can do it, and it is something that is very difficult to determine, everything is a risk, the only way that there is no risk is when they are projects that reach an Exchange, such as Binance, which is level 1A and its researchers are very specialized. |
|
|
|
Hello!
I want to know how you choose projects for investment?
At the moment I'm focusing on the Near Protocol.
I bought it back in early April and don't miss the chance to mention it.
What did I focus on when choosing it for investment?
1. Team (most of the famous developers worked in google and facebook)
2. Strong community (more than 100k on Twitter and a very strong forum)
3. Own blockchain (develop their own structure with their own EVM and cross-chain)
4. Solving existing problems in cryptocurrency (high fees, transaction processing speed, scalability)
This is a very brief description. At the moment I am faced with the choice to add a few more such projects to myself. Share your knowledge.
Good marketing for the project, of course, will come in very handy. Sometimes, it would seem, two almost identical projects would have to develop equally. But in fact, a well-thought-out marketing policy leads one to stable growth, and in the second case, immediately after the listing, there is a complete drain of the token. So think about what's wrong. All are excellent criteria, and currently projects can be registered in the best control entities, even in the SEC, but seeing how everything in the world is, I realize that when they want to scam you they do it so everything is in order, simply many devs leave projects with a large infrastructure to go with all the funds of the people, this is something that is happening a lot in NFT games, because many after capitalizing a lot of money do not hesitate to take everything and leave everything thrown away regardless of the huge money that some investors leave in the project. |
|
|
|
As pleasurable as this might seem, when i look at how much a coin is going for and notice that its high....automatically i know that the coin as a low coin supply and for such price will always be high but should there be a high price for a high supply coin then this is a jackpot of a project if you have bagged yourself some of these. I am marvelled at seeing the price hitting $54 at this very moment. Lucky are those bounty hunters that participated in Ranger Protocol. I can imagine the kind of joy the feel inside seeing the price skyrocketing handsomely in a short interval of time. From the bounty rules, I get to find out they will be rewarded in two batches (50% payment a month after the bounty and the remaining 50% is in 2months time). Ranger Protocol is on a moving train not ready to stop
could it be that its altcoin season or simply low supply and high demand which is pushing price high  There are many reasons why the price of the altcoin goes up, sometimes it rises entirely thanks to the high demand that the project may have, but the main repercussion will always be that the currency rises per share that the BTC is rising, or That the price is high and with a certain laterality, which is trustworthy to buy the altcoin, however if the price is very good it is up to the trader to review the chart of both the altcoin and BTC to decide which is the best option to take , whether to sell or hodl. |
|
|
|
Oh. That would be very impossible. I can't think of any possibilities that a transaction can exist without the use of internet during this digital age. And if ever in the near future internet goes down, l don't think professionals in tech industries would took a long time to fix it. They will find a way, and there will always be a way. So you don't really have to worry about that kind of stuff now.
Internet will probably not go down for long. The people now went crazy even just a minute of not having internet so Companies and other institutions will be finding ways to fully maintain the system. Whenever the internet there will be no transactions to happen and if there’s any abnormalities within that time will need to be track. In this era we’re internet is considered essential it keeps each economy growing that it should be a priority to not be exposed in any down time. Actually technically it is not possible to fully shut down the internet. If someone wants to do that he needs to cut off the submarine cables that connect internet networks all over the world. I think it's technically impossible. Now SpaceX planning to provide internet data even without any cables. They already launched a program about it. So the more day will pass technology will find a way to protect itself from any disaster. Although it is necessary to protect oneself against an eventual global internet crash or possibly also a power outage, it is necessary to emphasize that enormous measures can be taken to avoid it, the way that radio waves can make the transmission possible is being studied. communication with to be able to operate with crypto, although it would be very difficult because the miners would stop working and that becomes a major problem, they may have many ways to continue on the network through a battery bank, electric plates, Huge boosters, but I don't think this is enough. |
|
|
|
Absolutely I agree with you. Therefore we need to be more careful. The new meme coin we need to be aware of and we have to choose more selectively because of the many scams that have already occurred. Especially for beginners who are not familiar with things like this, we can learn and discuss together. If anyone is confused or has a problem, you can search for a telegram group about meme coin and ask there. Usually there are many who can help to answer existing problems and find a way out together.
In social networks I have seen that there are many pre-sales of coins or tokens that are of meme origin, and they advertise them with great behemence, in fact I have been seeing that many people are lovers of this type of coins, the truth for me they do not represent anything , just one more coin that is not very important, in addition to the fact that a nascent coin without any type of backing I do not see it as reliable, and from the point of view of confidence it does not pass the test for me, I think that with Doge and his godfather Elon Musk is the best meme coin there is, I don't think there will be another with a better function than that. |
|
|
|
Given the current proliferation of the Solana blockchain, we will soon see more and more people using it to conduct any kind of operation. SOL can be a good alternative even to BNB and MATIC.
I agree with you, if we rely on the BNB network the BSC has had some problems with its network congestion and this can cause the fees to increase enormously, if we take into account that for the NFT game projects that are in this network are many, the new projects in the Polygon network are much cheaper, in fact the metaverses are putting them in the Polygon network because of their versatility and low costs, I believe that MATIC and Solana will be the currencies that will begin to dominate the market in 2022 if things start to turn out well. |
|
|
|
I believe that with enough crypto adoption from many countries these days, convincing our parents to invest in crypto shouldn't be a problem. The problem is that, we try to make them understand almost every single aspect like Blockchain, DeFi, Staking, Farming, Launchpool, Metaverse (now), etc., but the real fact is that, they are interested only in making money. So why not show them some results after investing very small amounts by yourself and tell them that if they'd have invested in the same tokens you did, wouldn't they make the same or even better profits based on their investment amounts?
I think that it is much easier to convince parents when they have a high financial education culture, and for those who do not, it is better before speaking to recommend or give them a book that educates them, on how the financial markets move, the effect whales have, or how a certain speculator or investor faces the market according to their criteria based on a difficult scenario, or if you have enough patience to explain that to them and then explain how the BTC economy moves, which has an ingredient difficult to handle as is volatility. And maybe the voltility is what makes many not like it, it is normal. |
|
|
|
Axie Infinity is on-trend mainly because of the people who hyped it by sharing theirr testimonies on what they earned through it. The sad thing is, players aren't earning as big as what they're earning before especially if their axies aren't that strong. Also, one of the reasons why the price of SLP isn't increasing unlike AXS is because of its unlimited supply and I hope that the developers would do something about it.
Axie Infinity is not an easy game to play as my friend told me. I know everything has cost from initial investment for the game to start playing. To cost to get experience and improve skills to win more. The noise of Axie Infinity became stronger after the project received the big investment from a top-notch capital, A16Z. It boosted the Axie Infinity steadily to the higher level. The huge capital from A16Z helped Axie company to hire more people and have better resources to develop their games. However, the key is their game concept that is friendly and attractive to the crowd. Currently the popularity of Axie Infinity has fallen a lot, after they implemented the updates many players have really lost their investment, with Axies that at one time cost 1500 USD they have had to sell them at 150 USD, so there is a slight inflation within the game economy So there may be a lot of cracks in the game economy and this is what is killing many games, at one point Axie was the wave, what people wanted the most, but I think that every NFT game that starts and opportunities to "Giving away" such as egg farming, as these things that are allowed in the game is what begins to look like the Achilles heel, now to see profits in Axie, all players must be in the order of 2000 Cups in order to establish a profitable profit. |
|
|
|
Then choose the coin that has already popular and top coins in the market. Yes, there are many coins that you can get a passive income but mostly are meme coins with high APY.. This is so risky if you invest in the meme coins because they will turn scam. You must be careful what you invest and do research the project first. I already had a passive income in pancakeswap.. which is a good platform to earn extra money.
There is a casino platform that gives you profitability by having the token of it, having the token on the platform generates staking and the staking is for currencies such as BTC, TRX, ETH and some more, so I think that the more it hodl the Token of the platform and the more you have the native token is the more amount of staking that is generated, however there are other ways, in biswap is the way you can place a coin and generate BTC, BNB whatever you want to put in staking, of course All this has its risks, but you have to take certain risks to see long-term gains, for now this is the way I have found to make passive income. |
|
|
|
Projects/altcoins that have the potential for growth are those Defi, gaming, nft, and metaverse ones. I like Verasity, CatenaX, Starlink projects. Certainly, they are not all created with equal potential, but solid and consistent ones will succeed. Additionally, I believe in the usability of Vechain (which is an undervalued alt until now!)
I agree with you that the metaverses part can be the total solution for altcoins to be safe, but I think that altcoins always have their lives given thanks to BTC, recently there was a setback for part of BTC and BTC while it fell, many games NFT in their tokens fell, and that is something they could not control, just because they were in the Binance BSC network, when the price of BNB fell, the tokens began to fall in price, and the reason is simple and unique, BNB depends directly of the price of BTC, so unless the game has an oracle it is the only way that it can maintain a price focused towards the dollar, or Euro. |
|
|
|
The market is constantly changing. It is necessary to analyze the market based on experience to observe whether the trading strategy is suitable for the current trend. And continuously develop more trading strategies suitable for current market conditions to reduce losses.
Not all the time, for me the commercial strategies are the same that have been applied since the 1800s, the only things that have changed until now is that social networks are widely used, and through them they manipulate people much easier, Especially those who are influencers, a clear example is Elon Musk who at one point made the market move a lot in one direction, the direction that he wanted it to take. I am sorry I could not find out what do you mean by commercial strategy. Is it anything about what Institutions are doing for the trading purposes or anything else which is completely out of my mind? Anyways in my opinion all kind of strategies must need to be enhanced according to the market requirements. When more number of people were using same kind of strategy then market will reverse/come down quicker than we could predict. This is the reason old strategies are not remaining effective all the times. It is a way of calling the plans they made in the 1800s, because in the case of Jesse Livermore, he always went in the direction of the line of least resistance, and he knew that there were many people or people in particular who acted like "whales. "and that they let themselves be carried away by news or by their criteria, however Jesse Livermore always applied that he did not care the direction the market took, he only saw the shares as possible businesses where money can be taken from him, if they rise in price or drop in price, he would win with any of those market directions. |
|
|
|
@Mpamaegbu
Newbies like us do not like to hear loses cause it always pissed us off. Profits is what we always like to hear, maybe it keeps us going to the doom site. I'm relearning.
I think you have to be get use to lost whenever you are trading, if trading is only about profit then that's what everybody will be doing but definitely something they will be lost but just make sure your profit is just far more than your lost. If you think you can't bear the lost then trading is not for you and if you are a trader always trade with the money you can afford to lose because anything can happen at any time. In trading talking about losses is common, you should not be ashamed if you lose, on the contrary, sometimes losses are the ones that make you learn the most, when you lose it is an excellent option to realize that the vision of trading that you have is not the right one, that the strategy and plan are not correct. I have seen many YouTubers who say they give good advice on trading but they never show their balances, neither when they win nor when they lose, but they never talk about losing and how much they lose (If they actually trade), what if you should be careful the person is that his balance is always positive and not negative, that he always remains in profit. I don't really believe in people that produce tutorial videos on how to trade most of them only talk about the profit aspect of cryptocurrency trading and they don't make mention of the lose aspect which always mislead newbies, As a newbie that don't know anything about cryptocurrency and you want to start from the beginning after watching all those videos on YouTube your mentality will be cryptocurrency is just about making profit(fit you buy a coin and you will sell at profit), not talking about losing money which they do. So as a newbie after trading and losing they endup feel bad and been disappointed which will make them lose interest in Cryptocurrency which is very bad. My advice is that if anybody is creating a video or teaching anybody cryptocurrency always talk about the profit and the lose, me in particular if am teaching a newbie about cryptocurrency I always emphasize on the lose aspect so that whenever you lose you won't be disappointed. That is what I try to say, many youtubers or influencers only show their advice when they win, but none dared to show their balance and operations before making the trade, and they do not show their losses, I think that in trading the fact of Losing is something normal, no need to be alarmed by that, in fact those who lose gain much more knowledge, as long as they identify the reason why they lost, in the BTC market the emotions of the people as well as the plans can greatly influence of the whales and the possible fundamental news that can change the meaning of everything that the market has to do, but they should lose it, they are much more transparent, I have only seen 1 youtuber who does it and is Spanish-speaking. |
|
|
|
Looks like NTF along with meme tokens are the new ICOs of 2021. I am afraid it went too far already and it may cause another bubble burst. There are way too many NFTs out there everyday and they seem very overpriced like ICOs did in 2017. I have hard time believing, that after the hype is over, NFTs will keep their price, yet alone raise. I know times are changing and future is digital, but there is way too many random NFTs made out of greed out there.
I have thought a lot about that analogy, seeing that many famous games have had to go bankrupt or cannot support their own finances, the devs who are in charge of most NFT games do not have the adequate knowledge to take advantage of the boom or what a game of these represents. My best hope will be based on the metaverses, under which most will be developed on the Polygon network, as the Binance BSC network has had a lot of problems due to congestion and some users are starting to complain about Binance fees. Of course, their fees are not as high as those of the ETH ERC-20 network, but due to so much demand, different ways of congesting the network can occur. |
|
|
|
This depends a lot on what the trader wants to do, if it is of an investor nature it is best to leave the currency until it gets really high profits, otherwise it is best to extract profits, at least 50% of profits and leave the other 50 % in investment, and the correct way to do it is to place a good stop loss and run it as the price increases, the Stop Loss works as the best lifeline against any sudden market movement because it is the only way to have protection to funds.
Stop-loss is very important because when the price drops it will save you, what if you buy higher than the current price of course you will lose while traders only want profits in the short term, but with stop-loss for me it is very used in when the market does not move downwards. The best option at this time is holding, if you feel less confident when the price has become a correction, hold on until the specified time or recover, that's my choice at this time because it has experienced a reduction in value, but this will not go away for all. Well I think that a reduction in BTC is a very healthy movement that can occur, however, it must be noted in context that recently there was a correction that lasted only less than 2 days, then the price began to recover, however the bears made it clear a message, and it is the simple way in which the market fell, there was no strong resistance above $ 60k, which tells me that there is still a lot of liquidity to be created so that a good liquidity pool can be created to withstand the attacks barish, however falling to the $ 55k level is very likely to happen, it can be done with great ease. |
|
|
|
Well I stated december, but it's rather when (or before) BTC push to 100K$. Many will sell before that, so that mean I must be prepared to a lower level than that. I think if history repeat, december may be the best time to pull the trigger.
December is always the most controversial month for crypto, most people are waiting for this month because they think that BTC and all cryptocurrencies can go up to new levels, however it is very possible that it will happen, but when you see how the price is currently it is + $ 60k I think that there must be a quite natural correction, and it has not been presented yet, it is possible that at any moment it will arrive, but very few people are waiting for this retracement, most of them expect more rise in the price of BTC and generally the market always does the opposite of what the masses think. like you said. If you look at this now, there should be a correction that really needs to happen for the next spike. but i haven't seen it happen normally and by december there's actually still a few weeks to go. and we can only hope for the best and see how things turn out in the months ahead. whether everyone's speculation will be true this month or just wishful thinking. Days ago there was a correction, it was not strong, I still do not know what could have been the reason, but BTC reached $ 55k and that produced a huge drop in all altcoins, something that is very normal, whenever BTC falls in price all altcoins fall with great force, however, many are waiting for BTC to reach $ 100k, some forecast $ 150k, what I do not like about all this is that the market always does the opposite process to what the mass thinks If you are expecting a bullish move towards $ 100k, the opposite could happen and have a monumental drop, however for now the best thing to do is put everything in Hodl mode. |
|
|
|
-snip
there is something that I always ask myself, is the amount of money that influences what those players win, for example the case of CR7 is totally different from theirs, I think that CR7 does not lose level from where it goes playing, whether internationally or in the club that is, CR7 will always give the maximum and is a player who will practically be in the QATAR world, the case of Luis Suarez is endangering his way to the World Cup, because Uruguay has problems for qualifying to QATAR It is getting very complicated, in fact in his last two games against Argentina he lost them. And it would be a shame if Suárez was not seen in the QATAR World Cup.
In Luis Suarez's case, I think that he is a better club player than an international player. And this can happen with a lot of players as they spend more time in the club they play for more than their international team. So it can be hard to cope up with the situation at times but I do want to see Luis Suarez in Qatar world cup too. It may be that Luis Suarez is out of the World Cup, they have to win to ensure the playoffs, however Peru is giving the fight, in Uruguay Profe Tata Tavarez left after 15 years in the national team leading Uruguay to win many championships, cups Americas and taking him to the World Cups, I don't know what will happen with Suarez, but his going to the World Cup is in serious danger. On the other hand in Europe they are the same with CR7, Ibrahimovic, you may see the faces in the playoffs, in addition to that the rules of the playoffs changed abruptly, because now it will only be one game and that's it. |
|
|
|
The bull market will never be eternal and that is a big mistake at the level of market speculation and investment, the market always has its stages that are always fulfilled, such as the Accumulation and Distribution stages, the market will obviously have to go down to again take a new stage of accumulation, what happens is that the times are difficult to determine, it may happen that another stage of Re-Accumulation occurs, which is very normal in the market, but bear market for now although it is seen that it is something difficult if it can happen, all possibilities are there and can happen.
I also think so. The bull market can't and won't last forever. It's a mistake to think that "this time it is different". Look at the past, in the future we will see similar movements in both directions (up and down) Yes, in 2017 I thought that bitcoin would never fall in price again, but of course I had no idea how the speculative financial markets of the market moved, like many friends at that time many made bets on altcoins, which obviously left to the floor because BTC from $ 20k went to almost $ 10k and then it fell even more, at that moment it was when I grabbed books and began to learn, so everything indicates the market will always have its accumulation stage, upward trend, Distribution, downtrend , in some way it is the basic, it has its different variations but basically that is what is always fulfilled in general terms. |
|
|
|
|
Show Posts
