Basically TA and FA really help traders to read price movements on the market, but good/bad news changes everything, so does Bitcoin's movement. so even if a token has a good TA and FA, but suddenly there is bad news, be it Crypto hack or ban, then the token will go down.
sometime our technical analisys doesn't work when we face big negative issue. this analisys only work if their is no hot issue in market , and we could trade based on chart form. We have been seen many case that price actually in bottom and should bounce but due the fud that come repeatedly this technical doesn't work. mastering technical or fundamental analisys didn't guarantee we will generate profits. Trading plan and money management will take main roles for our existance in crypto market. Sometime we could not avoid big news that come suddenly , and no one supposed it before. |
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To look for altcoin success at this stage, ask yourself where is bitcoin going? Current altcoins mainly revolve around scaling, defi, NFT support, diversification trends... I have $SOv and $PYR in my pocket. I hope not to lose my shorts in 2024 or 2025. Lol, actually $Sov is down 8x ATH but I believe any crypto starting this year will be in in a similar situation. , I expect sov like when you suddenly notice a love.
Not recommending any form of investment but only if you love it. Is it possible!
you still expect on PYR , current price still very solid although bitcoin price drop again. with good fundamental in this end month PYR will explode and will able to compete another blockchain gaming project like axie , decentraland , etc. I am just read this article recently and add my confidence abou tPYR future https://dappradar.com/blog/7-game-worlds-and-their-crypto-token-economies |
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Doge is now at 0.187 $ and with btc declining all other coins are following the same. This is currently the bear market and awaiting for some bullish or pumping news which helps the markets to recover form this fall. Elon has being quite from some time now, is anything in pipeline to boost back the doge again from his side?
Elon have been satisfied with all thing he done in market, he was trying manipulate doge coin price by create tweet and unfortunately its successfull. if we look current doge coin price its very sad, alot traders trapped in peak when elon regularly shilled it. Personally it could move below $0,1 again it bitcoin still continue its drop. No one could help doge coin price except bitcoin price recovery. |
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but we should realize market still underpressure now , bearish still controll the market trend . Even previous high in daily chart could not break $35k yesterday and current price aroud $32k . We must accept the fact this trend will last for long time and we move only in small range.
I think we are currently only in a temporary bearish trend. The Chinese government's ban on crypto and everything related to it, and misunderstandings about unlocking GBTC were part of the cause of Bitcoin's decline. the hottest issue now was GBTC unlocking which is around 16,240 bitcoin will unlocking in this 18th july. This is amount was very huge if all of them sold , and now market give negative respon by start selling their assets before its plummed deeper. This quarter will be very hard for cryptocurrency market, market sentiment still not going better yet but bad newsr regularly released. |
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when we decided to invest in altcoin , we only have two option. FIrst buy the major coins in top 100 coinmarket with low risk or we will buy new project that still in developtment progress and possible to be hidden gem. Analizing need to do and it will influence our next step in market.
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many dream that i start to arranged now , honestly i am preparing my retirement plan from cryptocurrency assets, its still long time for me and if i could hard and smart work in crypto market, i am confidence all my dream could come true. i am want to provide my children a home for them when they are adult and some saving.
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give up or running from fact when we face loose in market should not make us as good traders or investors. this is be first step for us to pass how cruel cryptocurrency market. everyone could face lose but not everyone could manage it. this is the important thing to make us survive and success in crypto market.
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The advantage of trading over investing are 1. low risk of getting scammed by new token 2. easy assess to your coin and the worth 3. It prevent loss of asset due to swapping 4. It allow you to learn more about various tokens (It is just like sport gamblers  they know a lot of countries) Disadvantages 1. Trading involve technical knowledge of trading tools, trading terms, graph and data analysis 2. It is time consuming 3. Risk of loss in case of exchange hacks (Cryptopia is still fresh in my memory lost a few coin) the drawback of trading in my opinion is that we must have skills in trading. this is something that not everyone can do, maybe we can make money every day, but time, energy, and mind have to work every day to analyze the market, unlike investing where we have a lot of free time to do other things trading skill is an obligation for every traders, if we dont have it dont call our self as traders but gamblers. Every one opened transaction without analizing market or price should lose their money when their position wrong and potentially loss all money. IF we could trading for live like an expert we have more time for faimily, earning money could be done everywhere and anytime. |
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trading volume and fund security be my main reason while choosing trading platform. Since many exchanges hacked and alot customer's fund be victim , now we must make sure that exchanges have insurance to cover our money if someday hacked. so we will feel comfortable when using their services.
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China has the highest population in the world so basically, China also has the most investors of bitcoin so whenever there is news regarding China related to bitcoin, it will affect the market, if there is bad news related to bitcoin then expect that the market will down and if there is positive expect a good chart in market.
CHina have biggest resources in cryptocurrency market, start from miner which is mostly located in China. So when they crackdown miners , the market will have negative response for it. its not enough to describe about china power, they still have policy and infinite fund to crack price in market. |
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Elon Musk has used Doge enough as a manipulation tool. He will now strengthen his wealth into new assets. Elon Musk acts as a whale and earns incredible money. Like Doge, Baby Doge can't be a long-term investment asset. Take your profits in the short term and never get attached to such shit coins.
elon musk recognized cryptocurrency as his toys which is could played anytime and anywhere and did not respect to others. this shitcoin should not get attention from crypto investors , let it ignored and will die soon. If we still believe to elon musk tweet , soon or later our money will gone. we trapped in shitcoin that based on pump and dump only. |
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bitcoin or altcoin are worth to buy if we collect the correct coins in our bag. most of major altcoin are good long term investment if strong to hold it and not panic when market suddenly crash. the thing that make our portofolio bad was our mentality when facing uncertain market, we were panic and sold everyhing meanwhile our bag full of good project.
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It's true that there are some coins that are good but not well known, one of the reasons may be because they don't get much support so the coins can't grow fast. Unlike coins that are not good, but if they get a lot of support, especially from big people, it will certainly be good in the market. So it must be smart in choosing coins to invest, lest we choose coins with bad prospects that will harm us.
support will come after their developer team could build good project with usecase in cryptocurrency ecosystem. when deliver their product running well, marketing will be second duty to promote their project. support will come from everywhere if dev team could do the best effort . |
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meme coins purely speculation portofolio, if we want to earn high profits in short term maybe we could pick one of meme coins in market. there are allot meme coins with high trading volume so for liquidity we didnt need to worry, but the last tweet from elon musk haven't much effect to meme coins and becarefull with this condtiion.
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Alex Mashinsky, chief executive officer and co-founder of Celsius has predicted that BitCoin price will go all the way up to 160000 USD by this year, even the Price has reached 30,000 recently, but he think that with the strong self-correction, the increasing of BTC price will be soon.
if good fundamental continuesly come to crypto market especially from subject that so far have huge influence $160k could realized this year. For that price we must have higher capitalization in market, and it will not happen without huge institution contribution to market. Retail traders have huge contribution too, but its not enough to drive bitcoin price to 160k. |
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I was a Holder and didn't day trade any of the cryptos but recently I actually had to change the way I invested in the cryptos. The recent volatility is kind of helping me to execute some good trades with altcoins. I also like to trade with a window of a week where I target to purchase them when it drops and sell them when they rebound.
I would say doing both will help you keep a good amount of profit both in the short and long term.
high volatility actually give us real opportunity to earn profits both for short trade or long term invesment. buy and sell frequently in trading range that setted before will help us in which level we should enter and exit from market. With good skill, either short or long could be profits opportunity for us . |
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In fact, I do not believe in any kind of post through Facebook or social media for trading. A good trader will not give good advice for free as it may cost money but you should be a successful trader with your own research. Another tool of a business is loss because you can get success from loss so you should have found out somewhere before that you had made a mistake which caused you to have to calculate the loss from your trading.
not all profesional traders or good traders will ask some money for only consulting about tecnical or fundamental sharing. There are alot good traders share their knowledge and dedicate it to educate beginer traders in market freely without any fee. Traders should join in community to get knowledge from expert and someday we are not need their suggestions |
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some coins were sold to get new liquidity while market crash and make new low, i am prepare to face this condition so i could take an advantages buying on dip. Some coins are hold but only qualified and high potency project, this is my strategy for long term and medium term. Soo i have to very dynamic when facing a volatile condition,
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The only cryptocurrency that definitely has the best future is bitcoin unless you ask which altcoin has the best future I will answer the top 10 and oldest altcoins that have been proven over the years to generate good returns especially for the long term.
bitcoin is the king of cryptocurrency and the best of all time, just buy it when the price is low and save it for the future and enjoy the benefits, because bitcoin affects all cryptocurrencies for now and the future, so only the best bitcoin for all time.
if want to get another coins that might be could be hidden gem , we should research on new projects that recently launched. there are possibilites some of them could be top 100 or even top 10 in cryptocurrency market. Just take a look at LUNA , its new project but due ecosystem building and have good usecase , LUNA could crawl up to top 100. I am believe we will see another new project will be like LUNA. |
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