I don't know which others, when i come first I look at coinmarket cap and learning a detil the coin I want to buy.
My friend ask me, what coin he should buy , but I not really sure for now because I'm entering cryptocurrency 3 years ago. Too many coin right now that make me confusing
It's always risky and confusing for new people to choose a suitable altcoin to make profit and the big mistake they do is believing on other people's advice instead of doing some effort by ownselves I think they forget that its their money, not those who are giving them useless advices. If you're new and choose an altcoin to invest by doing own research it doesn't give you guarantee to make profit with it but it improves your strength to do research about various projects and helps to find out suitable projects in future. |
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I hope so this unpredictable market will maintain its positive momentum like before when BTC was around $48000 and the ETH was around $4000 but the circumstances don't look in favour of market because whenever the market trying to recover, some negative news come up and ruin everything so these days we have to be very careful while investing and trading.
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Yes there is a large increase of crypto currency projects from the last few years but it mustn't be a matter of worries because we know that in this industry we are free to invest after our deep research so obviously we will choose wisely it doesn't matter how many crypto currency project launches in a day or week the only thing which matters is our choice.
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All meme tokens on bsc are shit and nothing much I had invest some amount of money in more than ten meme tokens of bsc all of them given me only crap in return I would suggest you to stay away with this shit meme token which you mentioned above if you really gamble your money on meme token then consider SHIB or Saitama it's all up to you.
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This is not gonna happen. What I have seen so far, mostly European countries and it's people have positive thoughts about crypto currencies even if these crypto currencies run on any algorithm it doesn't matter. The fake media is ruining everything in the world and wants you to think negative, we mustn't believe on them, only beleive on facts and your understanding.
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You know very well selling your link at this condition will give you only loss and regrets thus I would suggest you to have patience and hold your link and invest your extra money in Bitcoin and Cardano if you're comfortable with it and remember that diversifying money upon investing gives more opportunities to make profit hopefully you will take smart and responsible step with your money.
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As we know bearish and bullish market conditions are a part crypto currency market cycle. It can't be control or stop. those who have faced this kind of market conditions in the past and learned lessons they will definitely prepared and have strategies to face it. Those who are new must have patience, falling in panic could end up with loss.
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I don't think it's impossible for Dogecoin to surpass it's previous ath and touch the $1 mark but its all need the exact market conditions when Dogecoin was around $0.50 or $0.60 unfortunately it doesn't look easy because you know the war rumours between two countries are leaving negative impact on every market wheather it's crypto currency market or stock market, the time is to have patience and hope for something positive.
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This is not necessary that the price will boost after burning a certain amount of tokens/coins by project developers like some fellow members said here it's all just a market strategy to create hype about the coin and I am totally agree with them although there are some quality coins for example bnb which is leaving a strong impact after burning a certain amount quarterly that's because the bnb developers have explained it with reasonable reasons long time ago but these days many developers want to burn coin without reasons because they think it will boost the price, this is absolutely a misunderstanding of them.
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Sorry to hear about your loss probably you will have done deep research by your side about this scam project but unfortunately became a victim of this scam which also gives you an obvious answer of your question, investing in new projects after deep research doesn't give a guarantee to not being a victim of scam it's all depends on our risk taking strength that's why I would suggest you to invest your money in old and quality projects instead of investing in new projects which have no determined future hopefully you will recover your loss through other options and move forward in life.
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As we know Polygon network is another cheap transaction fee option between crypto community and I have observed so far that people have mostly positive thoughts about it which is leaving a positive impact on Matic and there are many projects developers are creating their tokens on Polygon network which indicates a bright future of Matic maybe 2022 will be a surprising year for Matic holders and supports.
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I used to invest in new projects after my research but then I realized that my investment in new projects wasn't beneficial maybe I choose wrong projects to invest that's the main problem investment in new projects is very complicated first you have to find a genuine project which takes too much time and effort to research if luckily you could able to find a genuine project then this is not necessary the project will be beneficial for you that's why now I only focus on old and quality project which indicates potentials.
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I believe after the Ethereum network upgrade it will be worthy for its supports who are patiently waiting for this revolutionary moment, there is no doubt Ethereum developers don't want to miss any chance to make the Ethereum network much better after the upgrade that's why it's delaying but as we know good things take time so I believe Ethereum developers will present an effective upgrade which will definitely leave a positive impact and on the other side I don't think there is any though competitor who can compete Ethereum ever.
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I mostly prefer to use Coingecko because it provides genuine information about cryptocurrencies and its easy to use interface is very suitable for me that's why Coingecko is always on top in my list, on the other side cmc has become a hype spreading and money making platform for its team they're getting paid to show various shitcoins on trending everyday which is absolutely a ridiculous way to make people fool.
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This is not new and surprising at all scammers are ruining this industry for a long time we can see many example if we explore the history of cryptocurrency projects those people who have already spent many years in cryptocurrency space have better understanding to find the difference between genuine and scam projects but the problem is with new people who are being greedy and become victims of scam projects they need to do research before investing in any project other than believing in false news and hype.
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There is no doubt the massive popularity and market capitalization which SHIB has achieved so far is absolutely a main reason behind this listing otherwise we all know the strict listing procedure of Kraken exchange they only focus on quality altcoins although I don't take SHIB as a meme token anymore because the SHIB developers are working for its use cases like own blockchain, NFTs, Game etc. so it's all gonna be very helpful for its more progress in near future and maybe we will see more big exchange will list SHIB in near future.
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I don't think the new variant of corona virus will leave any negative impact on cryptocurrency market, the cryptocurrency market has been established very well compared to last few years and the most important thing the involvement of big players and companies indicates positive signs. Currently the market seems to me in decent condition although little bit correction may occur because it's a part of cryptocurrency market but it's not mean we should fall in panic and fake rumors and end up our investment and opportunities with loss.
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Binance exchange has given me complete satisfaction so far I have been using this exchange since its launch and didn't face any issue till date although I often do trading on Kucoin and Hotbit which are probably good cryptocurrency exchanges as well but in the matter of liquidity these exchanges are far behind from binance that's why this is always on top in my cryptocurrency exchanges list.
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