In the current bear market situation, not everyone is ready to face it, and even the panic is still felt. This can be seen in market movements where the price of bitcoin and altcoins has decreased very sharply. Even the price of bitcoin dropped to the $16k area which is the lowest point so far this year. The thing that can be done in the current bear market situation is to hold on to the assets we have while waiting for the bull run to come.
The bear market has been a friend of crypto since its inception and when a bear market comes, everyone should be prepared to accept it even in a state of panic. and I think a deeper panic that most startups will feel that they have never felt or experienced before, what is really a bear market is an opportunity for us to grow ownership or find good and potentially profitable coins in the future, especially bitcoin . and I always recommend DCA on a downtrend and increase buying as long as the downturn persists. And also use the money you can afford to lose regularly and save it for the long term, and wait for a bull market. Correct. I agree with you that during a bear market there is an opportunity for us to continue to collect bitcoins while prices are still low. Moreover, a bear market situation is usually likely to last a long time so it will take a long time for recovery. |
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It is very difficult to know exactly what factors make the increase in the price of bitcoin. The rise and fall of bitcoin prices is influenced by many factors. Therefore, there is no one specific reason for the increase in the bitcoin price.
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Since the beginning of March bitcoin has experienced a significant increase in price where the price of bitcoin traded in the range of $27k- $28k. But right now the bitcoin price is still having a hard time breaking through the $30k area. However, while it is still difficult to climb into the $30k area, I don't think bitcoin price is likely to drop below $20k again.
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I think that even though the bitcoin price is rising, it seems that the bullish trend has not happened yet. Moreover, the current increase in bitcoin prices is not very significant. Even since experiencing a price increase at the beginning of March until now, the price of bitcoin is still difficult to penetrate the $ 30k area.
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I think, bitcoin price will continue to increase. Moreover, lately the crypto market has returned to green and bitcoin has experienced a significant price increase. Therefore, I am optimistic that this year it seems that the bitcoin price will again reach above $40k.
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It is very difficult to predict accurately how low the price of bitcoin will go, especially since the bear market is showing no sign of ending yet. But rest assured that the bull market will definitely come and for those of you who have bought bitcoin at the lowest price it is better to hold your assets while waiting for an increase to be sold so that you can get a satisfactory profit later.
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Panic will bring someone to experience losses in investing in cryptocurrency. Even though the bear market hasn't ended and the bitcoin price is still declining, we don't need to panic to deal with it because bitcoin price fluctuations are a common thing. Therefore it is very important to manage emotions when the crypto market is weak.
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I think that bitcoin will not fall or disappear even if a new blockchain or a new digital currency appears. Every time a new coin appears, it doesn't affect the existence of bitcoin because bitcoin is the parent of all altcoins and until now no one has been able to compete with bitcoin.
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Bear market is not a easy season, many will make promises of buying and holding some good projects but as time goes on and things look even more brutal they will eventually give up.
Bear market is best for those who are fully prepared for whatever may happen, that's why it's safer to always invest only what you are ready to lose.
It's not going to be easy.
Not many people are ready to invest during a bear market. Moreover, the bear market this time is very much different from the previous one where it has been going on for a long time but until now there has been no sign of the end of the bear market. |
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It seems that the bear market is not over yet. While it is difficult to predict exactly when a bear market will end, based on past trends, it could take a while. So, the thing that can be done to survive in the current bear market situation is to hold the asset in the long term rather than focusing on its current price. Moreover, many portfolios have been hurt by bear markets and may take longer to recover.
The market is just unpredictable and volatile in its nature which makes it no longer surprising to not be able to predict when will exactly the market recover. In my opinion, there'll be months from now that the market will remain deep given that no signs yet of recovery is obvious at this moment. There are factors affecting this industry;it could be economic crisis or high inflation rate at the present, what happened with ftx, and more. Since we are not sure what heavily affects the market behavior, it makes it hard to make predictions on the next price movement. So for now, holding as cliche as it may sound, is the best thing to do in order to not permanently cut the loss from your investment. I agree with you that in a bear market situation a good step to take is to hold our assets until the bull market returns. Moreover, so far this year the market is in a slump and there are no signs of recovery yet. |
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In the current bear market situation, not everyone is ready to face it, and even the panic is still felt. This can be seen in market movements where the price of bitcoin and altcoins has decreased very sharply. Even the price of bitcoin dropped to the $16k area which is the lowest point so far this year. The thing that can be done in the current bear market situation is to hold on to the assets we have while waiting for the bull run to come.
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As you are you have to be careful. And invest wisely. Since you have 2 BNB you can invest on few coins. Then you won't lose. Because investing on one coin is a loss. It is more likely to happen. I hope you understand.
There is no loss if you invest in one coin as long as you invest in a good coin that has strong fundamentals. But investing in a single coin is usually a little slow to get big profits because the price increase is sometimes not very significant. Therefore, you have to do your own research on the coins you want to invest in. |
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If we have a target for big profit in the short or long term, now it is the best time to buy, do not wait for prices to fall again because according to the prediction of many experts that the price of $ 19K is the lowest price that is difficult to go down again.
Although experts estimate that the price of $19k is the lowest price, this prediction is not entirely correct. Even now the price of bitcoin was in the range of $16k-$17k. Therefore, we do not know the extent of the market movement until the end of this year, mainly because the current market situation is still weak and even the potential for further price declines is still possible. So, if you want to target profit in the long term then now is the right time to buy and then hold on until the market returns to bullish in the future. |
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Is it possible to invest 100$ in altcoin and turn to 7,000$? Have this ever happened to anyone on here? Is this even possible?.
It might happen, with small capital but get a very large profit. However, achieving this requires a long process as well as good skills in analyzing the market and being able to determine when the right time to buy and sell so that the set profit target can be achieved. |
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It is very difficult to distinguish real coins and scam coins through the Whitepaper. Because basically, Whitepaper is a general idea about the project. many projects with good Whitepaper and promising concepts but in the end, their coin is a scam. So, to be able to determine an original coin or a scam coin, don't just stick to the Whitepaper but also look at their website and also the team behind it.
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I think until the end of this year the bitcoin price will be difficult to reach $45k because the bearish phase is not completely over. Moreover, throughout this year the crypto market did not show a good performance where the price of bitcoin was still declining. However, it is possible that next year the price of bitcoin may reach $45k again. Therefore let's see how far the market will move forward.
This could be true because indeed looking at the market this year it seems that bitcoin is a little difficult after they reach a new ATH so we have to wait a little longer it seems. But indeed there are still some possibilities that will happen because this is only the beginning of the 10th month and there are still 2 months left until the end of the year so there are always possibilities even though it seems difficult to increase significantly to the price. It's been 11 months this year but the crypto market has not shown any signs of starting to pick up, as traders are still selling steadily. Although there are still 2 months left, it seems that bullish sentiment is difficult for bitcoin. Therefore, looking forward to the rest of the year, let's see how the outlook for bitcoin's price moves through the end of 2022. |
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We are now in a era where scam devs don't care about anonymity anymore, now they aren't willing to hide their faces, they will come out in the open, throw you some videos on YouTube and still run away with your money, if you are a newbie you need to have the following in mind when researching projects.
1. Visible team members don't mean they are scam free.
2. A audited smart contract project can still scam you.
3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money.
4. High volume on the listed exchange doesn't make a project clean from going scam.
The points you mention are very helpful both for beginners and for those who are experienced in investing in new projects. Because not everyone has the understanding you describe here, especially beginners who usually tend to get caught up in new fraudulent projects that offer huge profits by buying a low price later when the coin is listed on an exchange with a high price. So be very careful in investing in new projects should always do your own research and don't be easily provoked. |
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we will know in this october, if this october will be bullish and the same as people say then i believe $45k can be reached by the end of the year,
but if the bitcoin price dumps in this month then i am really pessimistic about bitcoin at the end year won't be more than $20k again.
It seems that until the end of this year bitcoin is difficult to bullish. Even today, the price of bitcoin is still experiencing a decline where the price is still in the $19k-$20k price range. So let's see there are still two more months until the end of this year how far the bitcoin price movement will go and I'm optimistic the bitcoin price will reach above $25k by the end of this year. |
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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 Right. Although sometimes new projects offer lucrative returns, investing in new projects cannot be done haphazardly. There are several steps to take to invest in a new project. We must be careful and do research in choosing the project we want to invest in because fraud cases in new projects are very common. Understand and manage your own risk. Do not invest just because it is influenced by the trends and concepts offered, but must adjust it to risk. |
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