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What altcoins are we talking about? As far as I know, the bottom of the Ethereum was at around $ 86, now it costs $ 590, Litecoin cost $ 33 now, $ 107.
Over the past year, many alctoins have grown in price, and to say that now their price is at the bottom is at least not correct.
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Anyway you look at altcoins, they are all disappointment. But still, we need to keep looking them in different ways.
Ethereum and other popular alts have not reached their all time high or not rose in comparison similar to bitcoin. But what we should also consider is altcoins are not bitcoin, they have their own use case and the price change similar to bitcoin could have an adverse effect on it's use.
In the long run, there really isn't much point in choosing altcoins. As practice shows, they are too dependent on bitcoin and do not recover properly after major drops. Bitcoin as an independent unit looks much better, because in general, the whole trend of the existence of bitcoin can be called positive. |
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More often than not, the main mistake is not a lack of experience, but a lack of knowledge. People usually try to spend as much time as possible in the trading session as quickly as possible.
They forget that without theory, their skills will be blind. Therefore, there is a rule to devote two hours of theory per hour of practice.
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I'm happy if altcoin goes to the moon, it's just that I think it's too fast, I see there are indeed some altcoins that go up to 100% and I'm surprised by that. There is also altcoin which has green symptoms in a few days but I think it hasn't come months, and now the fluctuation is still continuing and now there are some coins experiencing a decrease in percentage change (24h). Seeing enthusiasm that slowly rose this year, brought its own positive things.
Altcoins that are too fast to rise to 100% need to be aware of because usually only the influence of the whales and it does not last long. So I think it's better to look at a type of altcoin that is potential ahead of putting assets into a new, fast-rising altcoin, that's a risk The risk is everywhere. The main rule is not to invest in those coins that have already shown strong growth. You are right, most often, large speculative volumes are behind the growth of such coins, and after such tricks the price of the modets will collapse up to 100%. If you managed to go into such a coin - congratulations, if not - don't even think about it. |
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Practice shows that altcomins should be viewed not as a long-term investment, but as a speculative instrument
The entire crypto market should be considered a speculative instrument. The volatility is too high. Even if you invest in bitcoin, you cannot ganate yourself that after reaching new heights, it will not collapse 90% down. That is, one way or another you will have to fix profits, and as a rule, in relatively short periods. |
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I saw this rather strange tweet from Elon Musk. To be honest, the first thing I thought was that it was hacked again.
But if this is not so, then I am sure the scammers will not miss the opportunity to take advantage of this statement in order to once again try to deceive people with the free distribution of bitcoin and cryptocurrency.
Be carefull.
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With satisfaction we can see that Bitcoin is gaining confidence as a good alternative to safeguard investors' capitals that will serve to boost the economy. It is a fact that the community celebrates it but it is not the time to replace traditional currencies with Bitcoin. Bitcoin's mission now is to counteract inflation and create macro opportunities in the global economy.
And when will this time come? Inflation in some countries has reached unprecedented heights, hunger, poverty, unemployment. I am not saying that bitcoin is capable of dealing with all these problems overnight, but at least it can provide people with a normal currency for their own savings. And the sooner the better. |
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I agree with you. Altcoins do not represent significant value in the market without bitcoin, so over the past few years, their value has decreased dramatically.
And this is not surprising, many altcoin holders waited too long without any changes, coin prices fell by 99%, and grew slowly. The only thing that can bring significant profit in the hold is bitcoin.
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Have some doubt on it,
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?
Not necessary at all. Look at the dynamics of bitcoin movement from $ 18,000 to $ 20,000. Many altcoins moved with him, albeit at a lower speed, but still they showed significant growth. For example Ethereum and Litecoin and other coins. Now, most of the growth in bitcoin is tied to the USDT pair, rather than alcoins. |
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I use electrum and find this wallet extremely convenient. Its only drawback is that if your system is compromised and an attacker gains access to both the application and the password from the wallet, then he can steal your bitcoins. Plus there is a risk of contracting a virus that replaces the clipboard, but this is already your responsibility.
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First of all I would suggest not to give your data with centralized exchanges to anyone because they can do a lot by stealing our data. But yes I also say that when we are involved in this type of cricket we need it for buying and selling so I can talk binance and huobi for my convenience, and I have done so. There are many exchanges where you don't have to give any data and for that you have to work within their limited. That means you have to work at your own risk.
Are you saying that to tens of thousands of people who are actually forced by centralized exchanges to disclose their personal data? Alas, for most traders in need of good liquidity, there is no choice. They have to put up with the fact that exchanges receive their personal data in exchange for providing a quality exchange opportunity. |
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Is it true that if altcoin season starts many projects will be forced to launch just to take advantage of the green market? There are some projects that failed to launch since 2019 I heard and some said that in 2017 many projects start rushing to take advantage of the market, how true is this?
Of course, in part it will be true. An upward trend provides excellent opportunities for all projects, including those that are not the most promising. Who knows what this may lead to in the future. Some of these projects are disclosed thanks to funding, while others raise money and disappear from the scene. |
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Believing in something is not an act of folishness. It is better to hold rather than panic selling , if you think the alts or tokens you are holding have the chance to pump in future then why not HOLD ? So better to take risks when it comes to trading so that you will not regret.
I am sure that for many the word HOLD has opened in a new light in the light of current events. Those who have been holding Bitcoin since 2017-2018, or even earlier, have received their full benefit from HOLD. And this makes me happy, because every time bitcoin fell in price, people appeared endlessly repeating that the hold does not work. |
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Presently binance and many other top exchanges haven't compulsory KYC to their users, if you aren't trading with huge amount of money you won't have problem with the limited 24hrs withdrawal on binance exchange and other top exchanges, to say the truth DEX isn't a good place for trading but if in near future the SEC or law force top exchanges to start rejecting non-verified users off the Exchanges we will have no choice but to complete the KYC verification
This can really happen, but not all over the world. Regulators operate in certain locations, which means we can always find a large exchange that will provide us with the necessary functionality without having to go through the identification procedure so hated by many. Binance can request identification at any time if they don't like something. |
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The epidemic is not a good excuse, it is probably an excuse for the incompetence of the project team. Nowadays, many block conferences will be held online. Project teams can participate in this kind of publicity. Online conferences are a good solution. Although the epidemic has an impact on our lives, it cannot stop us from developing the blockchain.
Everything is correct. The epidemic allows projects that have internal problems or are simply not going to develop, justify their inaction as an epidemic. However, we all know that all payments are made online and funds are collected online. Conferences have also moved online, which means that nothing prevents projects from continuing to work as usual. |
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Personally, I would be afraid to buy bitcoin at its very top. I'm afraid you fell victim to FOMO.
Even if Bitcoin rises to $ 25,000, you will not sell it in anticipation of a higher level, and here a correction may begin that will take Bitcoin to $ 15 -17 $. What will you do then? Fixing losses?
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I have only participated in ICO and IEO, both of which can also provide benefits if we can choose the project correctly but because the ICO is getting messy and no one is managing it, it makes scammers more free to do that and makes investors no longer believe it. whereas IEO are safer in safeguarding the money we invest. so for now I choose the best IEO
I took part in everything. I can say that each of the listed fundraising methods has its own time. At one time, the ICO brought a huge income to everyone, but then the cryptocurrency was only gaining popularity, which allowed even scam projects to gain huge amounts and go into trends. |
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In trading you must always be ready in all the consequences also included in the decisions you have made. On the other hand it is the capital, the platform you are using, the coins you are trading, how much volume is in it, then you can also control your emotional attitude etc. It is important that you always monitor the coins you are trading as well so as not to lose the opportunity to sell
In general, you must adhere to one simple rule, do not exceed the acceptable risks regarding your deposit / capital. The more risk you take, despite the likelihood of winning a lot, the higher the chance that one day (most often), the element of failure will work and you will lose a large amount. This will force you to take a few steps back and become more accurate, which will slow down your development. |
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Yes, Bitcoin has finally hit its all-time highs. Surprisingly, it only took 3 years. I wonder to what extent he will go this time.
As for Ethereum, it is very likely that at the moment when Bitcoin starts to fall, Ethereum can rise to $ 1000.
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The price of Altcoins should be the right time to buy, because all altcoins are still below their highest prices,
look, Ethereum All time high is over $ 1000, and now the Ethereum price is only at the $ 500 level,
of course this is a good opportunity for us to make a profit a lot in the altcoin season
This is not important, but the fact that Ethereum has grown by 7 times since its lowest point. What does this tell us? That you could invest 100 and get 600 on top now. Should you invest in altcoins now? It's hard to say, but bitcoin has grown and altcoins can be said to stand still, which means there is potential. |
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