I don't invest in meme coins because 99% of them are scams. Yeah, some of them pump but you can't time the market and you never know when the rug will be pulled out from under you. I personally only invest in projects with real world utility and solid business use cases, like XRP and MAXX finance. XRP is the future of finance and MAXX finance is a tokenized CD DeFi platform, which I see banks using and mimicking as adoption increases and regulations catch up.
Most new projects are currently memes coins, with almost the same name that makes us often confused, I once invest a lot of meme coins and only 3% profit, new meme coins projects are risky investments because many are scam. However, before investing in a meme coin project make sure you have done in-depth research and analysis, sometimes some people ignore it let alone invest in meme coins is certainly more risky, but actually not all meme coins are like that |
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~snip~
2. You haven't learnt enough just yet. It's not wise to invest with your kindergarten knowledge, take time to on them first.
3. The news can be a disguised trap, I made many investments because I followed the news and what many people were doing, this is a foolish move.
~snip~
Everyone will have their mistakes when it comes to investment, those mistakes will become our experience so we will do more better next time when we want to look for a new investment program/project. Many new people got scammed because of seeing ads on media social, on news, and on others. Having a good mindset will help us a lot, especially in this bear market. Mistakes are made as setbacks and we better deal with them wisely, mistakes will make us aware and learn not to repeat the same mistakes, indeed the more experience it will make us better |
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It's true that not all new projects are bad, but before investing in new projects, we really need in-depth analysis so that we don't get caught up in fraudulent projects that make us lose. But a good project that lasts in the long run is one that has strong fundamentals and has good utility and the team always solves the problems at hand.
I agree with you and sometimes some people don't think long when investing in a new project, always consider the risk to minimize it by conducting in-depth research and analysis, be careful before investing in any project |
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emergency fund = savings = monthly fund is all important in my opinion because it can be used at the right time. especially in times like this, inflation is getting worse in my country, making my savings as a helper to meet needs
also there is no use of making excessive excuses - there will be only one solution. and that is to have good money in hand so that you are at peace. And only way to have financial freedom is to work hard and dont waste you time That's right because financial freedom doesn't just come and don't expect anything like that to happen, better use this precious time to keep working hard and as much as possible to have more than one source of income, and after having income it is very important to also set aside money for saving |
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A strategy is must to have a successful trading career. Your strategy should align with your goals and your behaviour. Be consistent. And don’t rely on the strategy of others as they might not work for you.
Consistency is important whether you have a personal strategy or you're just copying the strategy of others. Once you're set and you're doing it, just be consistent and keep doing it until there's an error and it's no longer working. But if it's working, keep on hustling with that strategy that you've been using, and don't change anything until it's not effective anymore to you. That's the key to making yourself profitable with whatever strategy that you do when you trade. You'll learn a lot of it more when you're doing it and gain more experiences. from experience it will teach us many things, we can understand mistakes that should not be made, by honing skills continuously and learning from experience, then we will automatically be able to find trading strategies that can make us enjoy when trading. not everyone can do something like this, because most of them are not able to go through the learning process that will lead us to consistent profit Some people when they hear about crypto they just want profit without going through the process, but that's the fact it's like that and sometimes there are people who just get in the middle of the road and then just give up, There are many things you must have if you really want to be successful |
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It's not the best time to go all in because there may still be some downside coming but its a good time to start buying using Dollar Cost Average strategy, always make sure you leave behind some USDT so when the market sees a new dip you will be able to take the advantage.
A bear market is a good market to start buying as well as a good time to start. Market penetration can say you can start anytime as long as you are ready. In a bear market you can't make much profit but you have time to prepare for the bull season. If you don't have the knowledge, you won't be able to make a profit during the bull season. And buying from now is never wrong, buy when the market is down and sell when the market is up. In my opinion, when the bearish is the best time to buy, but most people see panic and think that the market has no hope anymore, but after a month even do not see the fact that the market rising and regret, if we don't buy then don't sell be patient and wait for the market until rising again. I think in this case both knowledge and experience are important because with the experience one already has, one will not panic when the market is bearish, precisely when the market is bearish it is a good time to buy and that also requires knowledge, you have to stay calm and control your emotions |
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Polygon has a strong power to reach $ 20, even I'm sure 2 or 3 years will reach $ 100, the number of developers who continue to use the automatic platform makes us worthy of high hope on matic.
to reach $20 Matic is still very far, especially with the ATH last year only reaching $3 of course it takes a lot of strength to reach $20, and you still say that $100 can be achieved? haha I think it's too imaginative. |
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I'm sure we all know that Shiba Inu is one of the best memecoins after Doge, yes the number one for me is still Dogecoin, because Doge is supported by Elon Musk,
but don't underestimate Shiba because even though Shiba is rarely discussed by Elon Musk, Shiba has a very strong community.
seen from the chart, indeed currently the price of Shiba is still cheap compared to last year, maybe if Shiba is bullish then $0.0001 might be achieved in the future.
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World economy was already under severe stres during çovid . Post çovid this stress was supposed to get relieved to some extent, however Russia Ukraine war has actually not allowed that to happen,the current inflation rates, the current financial conditions of market seem very worrisome. We are walking on tight rope and Amy major crash can lead to a recession.
It's true I think when Covid 19 begins to subside the economy can rise even though in fact the economy at that time began to rise and it didn't last long, after all the war between Russia and Ukraine really had a big impact, either I don't know when this will last |
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No Altcoin should be kept in long-term wallets. We have seen the clearest examples of this in the past. People invest their money in the coins they trust very much, and they can't even get half of that money after years. You have to be careful.
Yeah anyone must be careful when investing in the new tokens or altcoins. There are so many projects that can become a trap for us. The problem is sometime people didn't know whether the developers can be trusted or not. They are always believing with what they have invested and they abandon the fact that if the developers behind their tokens were so shady. It requires in-depth research and analysis because this is a high-risk crypto, don't be easy to invest in coins that we don't really know what it looks like, What is clear is that you remain careful because doing research doesn't mean it's a guarantee |
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What you are saying is true other than that if someone wants to trade leverage he must really know the risks and have to learn first,
however it is important to consider first because leverage trading is not easy
Leverage trading needs not only basic knowledge but also knowledge and ability to do more, analyze more, accept more risks, consider the right decision at the right time, able to control emotion, able to make the right management of the funds. Trading with leverage is complex and may not be suitable moreover for newbies. Although we have been learning many times, if we cannot control ourselves in leverage trading, this will mean nothing and is too risky to hold. Leverage trading requires psychological conditions, of course this is not suitable for beginners, but if you want to do it, choose leverage starting from the smallest first. The most dangerous thing is if you choose a large leverage, then greed and not doing a cutloss in certain situations will approach, so that we are trapped in a large floating situation and finally it is possible to make a cutloss with big losses due to panic selling. It's too risky for those beginners to trade leverage and better think carefully, beginners still need to improve their knowledge and skills, which is obviously better to choose a safer trade |
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For now bitcoin does not have any bottom the bottom of Bitcoin is the point it will reach before increasing so I've said this before and another thread that bitcoin don't have any bottom, the thing everybody could see that has got on is when bitcoin price go back to zero so now it is impossible before bitcoin price can go to sable or from the starting point so the bottom everybody is expecting I don't think that there is a time we can see the bottom of Bitcoin
We have been reaching the bottom. There's no need to argue more about this. Bitcoin has been dropping so hard from the top to the bottom and this time the current price may potentially to be the bottom for bitcoin. Buying at this rate was good enough for people. I just wanna try to tell you about the truth if this time bitcoin is worth to invest caused by it's very cheap for now. That's right and better take advantage of this time to buy Bitcoin, will regret if we continue to wait and hope the price of Bitcoin can go down again, but after all it all depends on each person because the decision is in their own hands |
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Economic impact is a subjective matter. If the price of bitcoin goes down, there will be negative impact on the economy as a lot of people will loose their investments and vice versa. So it is very difficult to conclude whether it's going to be good or bad. It is true that the volatility of Bitcoin would definitely affect the investments of investors but the Nigerian currency has been performing badly. The currency has lost most of its value recently and it is there is no hope that it would recover because it has never recovered based on antecedents. Hence, the citizens of Nigeria prefer to invest in Bitcoin because they have hope that it would soon bounce back and they can make some profit from the bearish market in the future. Looking at the Bitcoin performance during its whole history we can rationally expect another bounce back and even a new ATH in the future because it has always been like that. The negative effect @avikz mentioned can only be a short-term one, but, of course, one have to be ready for that because it can still last for a year or even more. We just need to be patient even though it's not something easy to do, the cycle is like that and it might just be a matter of time to see Bitcoin hit a new ATH, The most important thing is to keep following the journey from time to time |
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Yes, xrp seems to be a reliable coin, but unfortunately, in these bear seasons, nothing but bitcoin gives me confidence in the future. Except for Ethereum and bitcoin, these types of situations are comfortable, but I can't say the same for the others.
XRP, etc and Luna are 3 coins that I have and can rise when the market conditions are red, and specifically XRP makes me optimistic that in 2022 it could reach $ 1, fantastic increase since the past week made me continue to buy XRP. Yes XRP is one of the potential coins and by looking at the movement so far I think it's a good decision to buy it, hopefully the development of XRP continues, The most important thing is to just keep up with the progress and let's see what it will turn out to be |
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Is polka-dot a good price at 7 dollars? This was its price two years ago, do you think that polka-dot can still go down or not? Have we met the bottom for altcoins or all these are just fake outs? What do you think about altcoin market.
I think Polkadot is an altcoin that has strong potential and fundamentals. maybe at this time the price of polka dots is at $ 7 - $ 8 because the current market conditions are improving after a few months ago a crash and almost all coins experienced a decline, including polka dots. and in the future I'm sure the polka dots will go up to $50 more like in the past. Yes, even though the price of Polkadot is currently down but I still see the coin as one of the coins that has potential, with the current conditions we must remain patient to wait for the bull market, let's see what Polkadot will be like and it will be interesting for sure |
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I think the market potential is still very good to see some coins that will become big, old projects are certainly very safe and promising for the long term, while for daily trading we can choose new listed coins, and some coins that I think will skyrocket are XRP, MATIC and TRON.
These three coins are coins that have potential and maybe when the bull market will skyrocket, however at the moment the market is still bearish and better take this opportunity to buy, maybe it's just a matter of time and let's see what happens next |
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I am doing trading since more than Four years and earning good but i want more capital for big trade setups, so any pro trader please suggest me that how can i raise fund for my trading.
I know nothing about fundraising so please guide me through this process for my better future.
Thanks.
Since you have been trading on the trading platform for four years then you don't need to inform about trading.You must know the pros and cons of trading. You no longer have to figure out how to raise funds.But since you have been trading for 4 years you have enough funds.If there is a need to increase then definitely increase and if there is no need to increase the fund then no increase is required. Yup when you have experience, it’s really seems annoying to ask this question. Still it will be better to use own money for trading . I mean trading is obviously market risk, so why should you risk other’s money. This is my way of thinking just. For me if taking risk then it should be my money. The trading market is always unstable. If someone buy an asset cheap or higher prices, then instability will work this is not unusual. But when you invest borrowing money in this risky platform, at the same time your instability will be increase 2x or more. That can destroy your trading career. Have the possibility to lost from all sides. we need to remember that don't borrow money to start trading because it can make us broke down. emotions, anxiety, will be with us when trading, it's better to hunt for airdrops and you collect them to trade, of course it's much more comfortable. |
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Staking on stable coins is indeed safe, but we also have to choose the platform, of course one of the best platforms right now is Binance,
because there stable coins have high APY like BUSD has almost 5% APY, of course I think it's a good choice if want to stake on Binance.
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