And why we should believe that? thats too impossible to happen even in the near future $5K per Ethereum is way too high and too good to be true even Bitcoin with just 21Million limited supply was struggling to maintain its current value how much more with the 100M+ total supply of Ethereum. thats, why I don't believe that to happen the most acceptable price per Eth is $300+ in the coming months. |
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I agree with this thread, the market landscape is continuously changing in a year to year basis, thats why for me as a cautious believer, I don't recommend for holding any cryptocurrency for a long term purposed, I still remember what was happening during 2018 bearish market condition most of my altcoins was doom and almost half of my portfolio was wiped out. thats why now I'm very careful with all my actions when handling cryptocurrency to prevent those 2018 experiences happening again.
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Are we at the bitcoin bottom already? Ethereum falls pretty hard today just because Bitcoin hit 9110$, is this just a correction or the coronavirus at play again? I'm thinking about buying back BTC right now
I don't think it is, the correction may be fulling bitcoin down below 9000$ in the following days, so for those who want to buy bitcoin and other altcoins just wait for more days, It seems the market was showing weak performance in the recent period, so its an early sign that the market will be moving again before the may 2020 halving event occur. |
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When it comes to trading practices particularly in a day trading buying at the bottom is very necessary to gain some profit daily, but in terms of investing, I think we should consider other things before we buy and hold. such as making a further study about the coin/token you want to buy because not all crypto that was listed in the market, can give you positive returns but mostly it was opposite so be careful while buying any coins at the bottom.
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I'm using many wallets that supported Eth tokens, Eos tokens, Tron, etc. and Trust wallet is one of them, I like those multifunctional wallets with built-in Decentralized exchange but my requirements was it should be very lite to use, the list of wallet that I was commonly using was Trust, Imtoken, Coinomi, and Ethos wallets respectively so far I'm satisfied with all of them.
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I use Forkdelta Dex more often compare to other DEX, so far I'm not encountered any glitch and even security problem, Sometimes I'm using Metamask but mostly not after I'm using Forkdelta I just simply forget it but so far no unauthorized transfer was made my eth and ERC 20 tokens are still intact so it's nothing to worry about. I think Forkdelta was still safe and reliable ERC20 Dex and I'm using it till now!
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A lot of us would have wondered, why a token with good hypes, valuable products, end up with bizarre prices and ends up delisted.
I say it is because the project product was created to short live, or perhaps theres no catalyst (in terms of development) that could push up the prices in the future.
Thats why it is important to check the development programs of most altcoins before investment.
If you check bnb, okb, kcs amongst others, you would see the developments acting as catalyst in different times to help prices of tokens. How many altcoins do that ?
This is what i feel about the present poor prices of most altcoins,
What do you think ?
\ In my observation, many factors were involved why most of the altcoin projects are experiencing like that, for me that also frequently joining in IEO's the reason I noticed was most of the investors are just dumping the tokens after it was listed thats why the price continues to decline since it has no token demand yet obviously the price will crash thoroughly thats one of the many problems that should address to prevent the massive price fluctuation. in the most crypto projects after it was listed. |
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In my opinion, it was another achievement of the cryptocurrency industry, and also gives more protection to the investors. but I don't know if this new regulation can bring the cryptocurrency industry into another level. If I am correct it may require to enforce stricter compliance to all cryptocurrency users, we must all remember that one of the many reasons why cryptocurrency was patronized till today because of its anonymity and privacy features so if the regulation was strictly enforced I'm sure that all of these features become useless.
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I don't know if most of the reasons that you mentioned were still relevant, It's better to allow the natural movement of the market instead of inducing a so-called plan that may become dysfunctional. just remember how cryptocurrency works, it is better to ride with the current bullish movement rather than countering it, just be contented of what the market gives to us, Its nothing to do with those whales, they have money thats why they are capable of doing that, Bitcoin and Altcoins gains were still better compared to previous months so use it as an opportunity to gain some profit.
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Thats great Samsung is one of the worlds top smartphone brand and its openly supported the cryptocurrency industry by integrating a crypto wallet inside its flagship smartphone model Samsung Galaxy S20 it is one of the evidence that the cryptocurrency industry is continued to gain trust and recognition from the top global brands like Samsung. |
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That was the most common method while using intraday trading sessions "buy on lows and sell on highs" and thats what I'm doing once in 24 hours, but it is limited only to Bitcoin and USDT pair because Bitcoin price is changing in a 24-hour basis thats why the profit was secure within the 24-hour time frame so far its safe base to my own experience. But stay focus on the market trends to prevent the price slip it is very important to not missed the buying and selling price. you can put your buying price too base on "24 hour average of price differences"
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I believe that the opportunity is big on the most top-ranking altcoins in the market and not just limited on Bitcoin Fork coins, Its no question that the All-Time High price of those Bitcoin Forks are good too but it doesn't mean that they are staying on that same level, again and again, thats why it's better to diversify our portfolio for the better.
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I think a newbie trader should experience that kind of situation to learn that in cryptocurrency world everything has a risk factor and jumping in any FOMO is one of them, another risk is the Binance listing effect that can bring more harm than good if we are not putting ourselves in control, because most of us believe that if any coin/token was listed on Binance its price would be skyrocketed and it's a risky notion that we should avoid.
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No matter how fastest those blockchains was, For me, it's useless if the community is not supporting it, as your thread mention, Factom is the fastest blockchain if that is true I'm sure many potential developers are starting to consider the Factom blockchain, By the way, the Credits Blockchain was also claiming that title about its unmatched speed why it's not included in your thread? btw just saying!
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Altcoins were boycotted? I don't think so, the bitcoin dominance in the market was due to its rising price of BTC against the USD, and besides, the BTC as the pioneering cryptocurrency in the industry has a huge community of supporters and investors thats why I'm not wondering why the market was dominated by Bitcoin today.
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That is a must-do practice before investing in cryptocurrency one of the many factors why the cryptocurrency coin/token is still alive Just because of its liquidity, without any liquidity, the project won't prosper into a full-blown development thats why go for the top listed altcoins in the market that has a large liquidity and invest any amount you desire but just choose the reliable cryptocurrency exchange in the market.
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There are so many coin out there, Please what do I look out for to make a good choice for investment into any of the coin.
Please be sincere.
Thanks
You know mate telling you with the right cryptocurrency to invest is an easy thing to do, but we should consider other things to be done like the familiarization about the investment you want to join and if you don't have any knowledge about how cryptocurrency works I might say that the risk is high for you. first things first learn, observe, and invest picked those top coins in the market, |
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Well, thats what we expect in the coming months, XRP is a promising coin with the real use case and it was already used in the mainstream, so the demand will be huge, in that case, expect the price to be good as well, and hopefully, the market will cooperate to all of us so that we can earn more profit out of it. |
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