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New start up project is so skeptical mate, i mean no one can identify if it's legitimate or not since there's not yet history that can prove they can totally guarantee a good return after all.. It's like you're trying your luck on it for short. Actually some say it's base on the team behind and the data but mostly results of new projects with a good idea are not good.. Probably that's the reason why mostly investors preferred top crypto not a new alts just to prevent losses..
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Unfortunately it's bearish market already. so for this reason probably we cannot see a 100x gems despite of the situation, wherein surely until this year end as well in my personal opinion as it very obvious that bear will stay in the market for long wherien has no chance to recover in just a short period of time because to be honest at this day the entire crypto were bleeding.. Unlike month of november that the bear didn't last and it took days only then all is well again, on this situation seems different.
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I have heard many people say that never sell for a loss but what does it actually mean ?
Assuming you have bought a coin at $10 and the price goes down to $9 but you don't sell.
You could have placed a stop loss at $9 but you take "Never sell at a loss" so seriously that you decide to not put a stop loss.
The price goes down to $8 but you are too good at HODL. Suddenly the market crashes and the price goes down to $5.
You could have limited your losses at $9 but now your portfolio is down by 50%.
Now the price has to go 100% so that you breakeven with no loss no profit whereas you could have bought back at $5 and gained potential profits using a stop loss.
This is why I think "Never sell for a loss" is a myth and we should always use a stop loss and play safe with a good risk to reward strategy.
never ever trade without stop loss especially if you're in a very new coin that making hypes in the market because it has a chance to make a rug pull without knowing.. And also don't assume too much when you're trading wherein must follow your strategies always and dont move your stop loss to prevent regrets, because to be honest that's the common mistakes of every new traders nowadays, so be smart enough mate.. |
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I want to know with what platforms you are working with.
Great Day
i used binance because for me this platform is perfect to trade different cryptocurrency ,very accurate when it come percentage and data as well unlike other platforms. and what i like the most is the features and i know everyone will agree with that especially those who enjoyed their p2p service which is very smooth and secured.. Actually binance is my forth exchanges and this is the best one for me. |
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I want to invest something for $20000, still worth?
yes definitely, but make sure to buy at the real support level if you don't want to lose money from the correction because at this moment as you can see it's bearish season so there's a chance bitcoin will make more correction.. So must wait for the right time. Actually there's a buch of big investors that already buy at the current dip but probably it doesn't matter since they had large amount of money and for sure the correction cannot hurt them. I hope you know what i mean.  so be patient mate don't be hasty there's a right time just tune in to don't miss the opportunity to buy at the real support level. |
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I'm a fan of sand project as well, and I'm very impressed how this token fly high along with trusted projects last month wherein including mana, actually i just put it on my list just to gain quick profits because of the performance no other reason. , but when it check it for fundamental analysis purposes, i saw that this project has good reviews and the data is all good for such token and of course the road map. That's why i am now keep monitoring this coin because i know it will skyrocketed again when bullish over take the market again. And base on your question @op, in my personal opinion its not possible unless all community will keep holding.. I mean there's no massive decline because that's the common problem here in crypto world, "inflation". |
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For me meme coins is not good for trading especially when it come intraday since they're not showing good volatility when its not their right season.. It's skeptical that's why i personally preferred to buy dip when it comes memes coins and hold for long term until they make hypes again then dump because that's how these kind of coin works unlike other alts in the market wherein so volatile even it's not their season as long as the market is green as well.. That's why i can tell memes is different when it comes trading..
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Banks won't disappear anytime soon because people don't like change very much and it takes time to force any kind of lasting change in society.
Some people say that traditional banks will disappear due to the emergence of cryptocurrencies because it gives consumers another option when they need financial assistance; however, I think this is unfounded speculation.
even what happened to crypto currency in the future even a lot of people used it as a legal tender for sure traditional banks will not disappear because its the most trusted one ever since before and 100 percent sure that some of the governments will not let that things to happen as they're very against when it comes to crypto as well because of some reason. Perhaps there's a limitations maybe its possible, you know what i mean? Because i truly believe that it cannot closed those traditional banks as well even in the future , so crypto needs a crypto banks for themselves if however in future they will become a legal tender.. Not to close those traditional banks because it's very impossible to be honest.. |
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Well as you can see the market isn't good for December because mostly crypto in the market is red at the first day of this month and when there's a good improvement it didn't last or maybe because market is already at the bearish mode also?.
Actually in my view there's a bunch of new alts nowadays but its quite skeptical to hold before this year end since most of them always experience a very massive dumping after high jump of price.. So in my opinion it's not safe for a new project. Let's just wait for bullish to take over maybe a good idea to assure everything will gonna be alright after all.
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There's actually a bunch of overrated coins nowadays which is too hard tell their names one by one on this thread but through binance platform if you use to visit this exchange for sure you will see a lot of flying altcoins day by day. That's why i believe year 2022 is the best year for altcoins since they all showed a good performance very late this year, or maybe it's an alt season? Perhaps in my personal opinion..
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There is nothing completely safe 100% protect when you online. Protected or not depends on yourself. so don't easily trust other people, don't open suspicious sites and don't click randomly. Hackers can't touch you offline so using a hardware wallet is the right choice
yhup correct.. If you're really want to become safe @op from such issue don't trust anyone, and don't ever try to open those messages with links sent from random people around the internet because that's the main reason why people got scam and hack in easy way. Ignore them always and make research as well so that you can obtain more information if its legit or not, indeed all the important information can be found in the internet so i suggest do that way very often especially if you have questions or if want to know a thing about crypto project.. It's a must to be honest and helpful way. |
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Sometime early January 2021 I started my trading journey without anyone putting me through, I study the market movement of a particular token and analyze its weekly price volatility.
I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.
well it means you need a journal so that you can get easily what mistakes you're doing in trading by reviewing it. Because for sure you've change your strategies as well which common problem of some new traders nowadays reason after all they suddenly experienced losses after winning.. If you want to ask why i said you need journal.. Well as far a know most successful traders has journal, because for them its very important to have such thing to readjust the situation especially when it comes strategies that can bring back their win rate, and infact that's what my favourite traders suggestion as well wherein they're very successful because of the help of journal.. |
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In new projects i don't invest honestly because its quite skeptical if it will last or not, i mean if it has a chance to become successful in future since they were new and most alts to be honest always plunges and turn into shitcoin .. So it's not a good in my personal opinion maybe gaining quick profits is a good idea since most new alts nowadays always makes a good hype as well at the start up.. Probably much better than long term to assure everything will gonna be afterwards..
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I would like to set up a wallet for each of my kids and start saving accordingly. I am not sure it is the best idea to create new accounts with DEX's under my name where the future owner will be my kids. Any ideas on best practices a for this?
maybe it's not necessary since you already have one.. Even it's for your kid it doesn't matter i think , because the more you hold there will be a good profits afterwards.  but just keep your private key to the safest place.. Or i suggest print it to a piece of stainless like what others doing to prevent lossing it from any disaster, and of course it's up to you where do you want to hide which is for you easy to find as well. |
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I want to know is it good to buy Dot right now or any crypto, I am curious because i have a cash laying around.
dot still waiting at the bottom mate. So if you have free money then must buy while its not late.. But remember although this project is good and genuine it doesn't mean it can guarantee a good profits in just a short period of time because it depends on the situation especially right now wherein market become bearish. So must buy and tune in to their social media for you to keep updated and of course check the market always as well and make research so that you know what's the real happening while you're holding.. |
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For me crypto trading is not only about knowledge wherein it's for those people who can control their emotions and of course have respect on their self ..Because that's the common problem of some traders especially beginners, at first they'll have a good win rate but after all they're losing too much and always wondering why it's happening after all. Lol without knowing they were changed a lot because of greediness, .
Actual I'm not an expert but for sure most of the traders and even those successful traders nowadays experienced the same situation when they were new as well. So i can say that before entering trading make sure to remember these 3 words.. Respect, discipline, don't bring your "emotions" when trading . Because thats the common problem why there are still some traders that can succeed after all.
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Play2earn games will come in handy if another lockdown happens in 2022, those who won't be able to go to work and offices will be able to make money on their homes, I don't pray for this but it's happening already, Omicron as they called the new Covid have reached even Africa countries already, what do you think?
well we all knows that play 2 earned platforms is very popular nowadays, so its not surprising it will explode again if there's new good P2E emerged around the internet.. And also i hope that virus didn't spread again..and perhaps all governments are aware in such matters. Because you know its good to play crypto based games such P2E while you can go outside as well.. Lol not again..  |
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That man is very anonymous wherein even his holding for sure most of that news around the internet that showing satoshi nakamoto's wealth is not true, only approximately, i mean without any specific evidence such how much bitcoin that creators really owned on his pocket right now..or if its the real wallet of satoshi. Lol I believe it's massive but its impossible that someone can find where did nakamoto's store his bitcoin.. He is very anonymous wherein no any evidence left only bitcoin..so how is that possible someone can locate his wallet?
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Can someone make for me rough forecast for the Shiba till the end of the year.   in altcoin section probably there are some, but so far there's no latest in my views, i mean no one talks about it nowadays . Maybe try to make research for sure you can obtain some sort of information around the internet about the situation of shib. Infact previously its up again in the market along with some alts, so for sure there's a new forcast about shib wherein from their community probably as usual. |
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it's possible because indeed most of the results when it's Christmas time is almost positive wherein somehow market is red but usually its always green as well. . So it's not surprising to be honest, especially nowadays that there's a bunch of analyst thinking that there will be a good out come before this year end despite of the situation of the market.. So it's not bad to expect good performance probably, even during Christmas or before this year end because that's what others speculation as well. |
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