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This is a make or break phase wherein we are really not sure if it's a bullrun or bulltrap and if we go by our emotions and market sentiment then itsa bullrun but if we go logically we still cannot declare it as bullrun and right now bitcoin is stagnant around $35k for a while and if we are able to break this and stay above $35k for over a week or possibly touch $40k then it would be crazy as bull market will be started by massive investment flowing due to FOMO and moreover it coincides with precious two bull runs in terms of months when previous bull run started.
I would suggest everyone to actively keep a track of price movements and set alerts based on your targets to ensure we don't missed out on this bull run because we entire mistake bull trap for bull run or bull run as bull trap and wither end up losing the investment or the opportunity to make profits.
Better to have personalized indicators by doing relevant study and backtest the data and act accordingly.
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Without a doubt TRON could have been the most sought after crypto currency had it not been for the Justin Sun and it's team as a whole and they literally stopped enhancing the project because of which they cannot keep upto date in this crypto rat race, TRON could have become a picaso for payment based crypto network but the team decided to let it go by not developing it further and I bet we cannot find any other crypto currency with such speed and low fees not even XRP, TRON was pegged to replace Ethereum and it would have done had it scaled up, I think TRON still stands a chance to make a comeback as there it's already most preferred payment transfer network and but the reputation which was ruined by Justin is something which is not easy to recover and I would like to see TRON excelling once again.
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If you would have said this in 2016 I would have disagreed but now it's a mixed feeling because there are thousands of altcoins and anyone can create shitcoin which is termed as altcoins but back in the days that was not the case as altcoins had some services to offer which were not available but since we started using Altcoin just as a mean of investment rather than looking at the technology it offer that's when any random person started creating Altcoin with plagiarised roadmap and whitepaper and ICO is th mother of all these shitcoins wherein users were following the trend like sheeps and investing in ICOs out of greediness and even boasted about it until the bubble bursted, even now nothing has changed as people keep investing in shitty projects related to NFTs and virtual real estate which has zero uses in real life and we blame all the altcoins ? no not all altcoins are fake but the majority of altcoins created has gone astray due to sick mindset of developers.
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We are going through a crucial phase wherein people are expecting bullrun and some while some are still skeptical about it and we might see more such new and I don't think we need to worry about it because these whales have been hodling on to these Bitcoin for years and there are thin possibility that they may sell and it's a general transfer of fund to an better option but if it's sent to an exchange and then moved out or sold that's when the problem start and no wise person would sell off at this point of time after hodling for so long unless new ATH which is multiple folds higher than previous ATH is achieved, don't buy any news that the market is going because I have already seen people pointing this to possible massive cashout or manipulation but trust me it's not true as there are just fuds
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It has become a routine now and it's good that these fraudsters are getting arrested but I would blame the investors who keep on investing into shit project which has nothing as a service to offer and just by looking at the name of the coin anyone can say it's a short term project dished out to naive users by using the current market trend (at that time), but this is like a drop in the ocean since only those who are looking for quick returns and taking risk would have been scammed compared to the damage which Sam Bankman-fried has caused to crypto industry with his FTX horror as people lost their lifelong savings as well. I feel we will see similar arrests often, I wish even those youtubers, telegram channels and social media influencers gets arrested who have played major role in this conspiracy just for few hundred dollars. Though government will use such opportunities to patronize crypto industry but these are necessary to avoid scams.
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No one knows that especially when it comes to altcoin because there isn't any pattern since it's not like bitcoin which can give multiple returns and often the rise of altcoin happens post Bitcoin's bullrun, so it's better to not experiment with altcoin at this stage because the so-called experts predicting in Twitter, Youtube & Telegram literally has zero knowledge and just predict based on current market trend and their end goal is to sell their channel membership but there are some who suggest good indicators to use, I would suggest hodling onto bitcoin until the price pumps and gets stable as once the Bitcoin's price pumps and stabilizes that's when altcoin's value starts pumping.
I would personally stick to Bitcoin primarily and I feel the value of BNB is going to increase as well because Binance is running a lot of activities which increases the demand of BNB and slows down the selling ratio of BNB and ETH is a must when you think of Altcoin investment.
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It's a scam I can share numerous telegram groups like that and they already buy some alts at lesser price as whales are part of it and manage to pool in thousands of users making the same promise which they made to you and asks users to enter the buy at certain time and just before that they manage to buy a huge chunk which triggers upward trend and once the users also starts buying it keeps the market floating at same price for few mins and they then short it and sell off everything at bulk and they boast that their prediction was true and shares the snap of temporary pump market gets because of their manipulation and users buying in. I suspect your post unless you provide a clear evidence.
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This is like an awakening call for everyone that not all the tokens listed in binance has to be the best and at the end of the day everyone looks for their own benefit and Binance will definitely get benefitted by this so does the meme coin but at the end of the day it's investors who will be at the losing end and we are noising noise because it's happening through launchpad but in the past there are dozens of shitcoins which were listed by Binance and got delisted later once Binance got it's share and investors lost the value of their investment. We should take a pledge of doing through research before going for any coin and shouldn't blindly invest because it's getting listed in top CEX like Binance.
To be honest this project lacks everything and there are no clear roadmap not steps how they are gonna evolve in the future, it's time we stop falling for traps of big exchanges and meme coins which has no real life use (especially this one).
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Litecoin is past it's peak now as it was used as quickest mode of payment transfer when bitcoin transactions were taking ages with high charges, I still remember using it to transfer my funds back in 2017 and I did invest in it during September 2017 when it was around $80, just before the bullrun and cashed out during December when it was around $300 and after that we have not seen any pump in Litecoin for roughly three years before it briefly touched ATH in 2021 which is still surprising because it was very rare for an existing coin which was part of 2017 bullrun to achieve ATH in 2021 bullrun. But if we have a look there are much better projects available in terms of faster transaction and almost zero transaction fee wherein Litecoin was known for lightening transaction speed in the past and new players have taken over this aspect of crypto and practically I don't find even a single valid reason to invest into LTC and I believe any investor will think in the same line. We should take a pause on LTC.
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Usually last quarter of the year is considered as best time of the year for crypto since we have experience bull runs during last quarter of the year in the past hence I anticipated some upward trend but not to this extend because at one point we didn't touch $35k since mid 2022 which was briefly surpassed on 24th October this year before dropping below $35k and this news about possible approval of ETF is bringing more money from investors leading to increase in price of Bitcoin which is attracting short term investors and traders to consolidate their investment in Bitcoin. I would say ETF news is serving as cherry on top for the rumours of possible bull run which makes round every year during Oct/Nov/Dec, but I am afraid it won't EFT doesn't go the way it's predicted and expected then we might see some panic selling which could pull down the value of Bitcoin. Let's utilise this until it lasts instead of going in-depth unless you are a long term investor.
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It completely depends on our preferences as some of us especially newbies don't bother much about the account security as they only focus on aspects like user interface, trading volume and some advanced features like bot trading, grid trading, and margin/futures trading and only centralized exchange can provide these features but t the same time there are tenured and more sensible users who prefer decentralized exchange but this comes at the cost of limited liquidity (volume), not great user interface and minimal support compared to centralized exchange but with DEX one don't have to worry about the risk of the account being frozen, also it can be used at any part of the world as CEX has its own geo-restriction and they have total control over your funds as they have access to private keys and we have seen so many exchanges going bankrupt or owner running away with funds but DEX eliminates all these risks.
I prefer a hybrid model wherein I need the security and anonymity of DEX with user interface, advanced features, and liquidity but there isn't any such exchange available in the market so I prefer CEX only for daily trades and not hodl.
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Most altcoins are not ideal for long term holding and one altcoin that performed really well in the last bull run usually doesn't do well in the next one. As an example look at SOL coin performance in the last bull run it was astonishing. If SOL even touches its last ATH then its market cap will be more than 100 billion, which is not reasonable to think about a project like Solana. It already shows how vulnerable the network is. Other major altcoins have their problems.
So if you are looking for altcoins to invest in for the next season then I suggest you pick a new project that has strong fundamentals and support. Look for projects that weren't on the trend in the last bull run. The meme project was trending in the last bull run so there is a nominal chance it will be again. Tradefi, Web3, AI, GameFI are some categories that you can consider looking for. If you look at ongoing development category-wise, then it's clear that DeFi and GameFI are trending right now. For the other category RWA, AI doesn't have so many projects on them so it will be easy for you to choose your top alt from them. Decentralized social media is also a potential topic for the next altseason.
Aligned with your opinion as I have made similar post earlier and we look at last two bullrun we have not seen any Altcoin achieving ATH both the time and it would be a wrong bet to go with Altcoin which has propped in the previous bullrun and rather go for emerging altcoins which has the potential and the project prospect which is need of the hour. I would rather hodl bitcoin because bitcoin is the first coin to go bonkers during bullrun and then altcoins starts pumping and we need to utilise the spur o moment because it's not advisable to hodl as it may take ages to recover the investment if the market dumps and I have experienced this numerous times at the initial days of my investments. But we can gamble by investing into Altcoin when it hits rock bottom and wait for months or even a year or two to multiply value of our investment. |
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User: Kentrolla
Position to Apply: Hero Member
Posts Start: 1704
Address: bc1q9k0czpxx5zlxjfxqzeqe9kclhw3pamtf6y9nyk
Address: ELMPtn4eFoW8FX7kcdmrnNwsHY8RXoL48t
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We have seen all the signs which has happened in the previous bull runs like pump in the value of bitcoin and altcoin following the same path. But this doesn't possibly mean we will have a bull run because if this turns out to be bull trap then it would be a disaster. I feel Bitcoin will breach $40K by the end of the year atleast once and if it sustains more than $40K for a fortnight then it will be racing towards new ATH.
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Unrealistic and I have lost hope on Elon's commitment especially after all these doge and shibainu drama and it's a very ambitious plan wherein I doubt there would be any adoptability by the common people and high chances of messing it up, moreover how do you think bankers will let this happen ? He is just creating hype which we have seen during his alleged back up for doge which never happened and as a result lot of investors who invested in doge believing his statement lost their investment when doge dumped.
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Yes it's possible to make profit of 1% in a day, provided you know what you are doing and knows the signals when to buy/sell else it would be difficult and one can end up losing. Initially stay away from the future trading and don't even think of it I still consider it as a gamble where more than 80% of trader lose money in greedy of quick and hefty profits.
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While i appreciate your understanding about Bitcoin and trust on Bitcoin but if you check how many of us were hodling bitcoin from the time it went rock bottom in November 2022 till now you will only find long term investors and few more as we go with emotions and end up taking making decisions which makes us regret and we never learn that's the problem. Bitcoin is undoubtedly an asset which will always bounce back post bear run and many can make such predictions but what matters theost is the trust and inder of community on Bitcoin which has to be upscaled.
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Either your customers are frauds or else they are behind this shit coin because I have not heard of them and even if you wish to accept payment in crypto then go for top altcoin which are less volatile or just stick to bitcoin because there is a huge risk involved and I had my hope on one such coin named "Utrust" which has been rebranded as xMoney and this coin solved the issue where you can request payment in crypto and have it deposited as fiat in your account.
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It's not something new and what else can we expect from a coin wherein almost half of its supply is held by one account, this was a dead project wherein development was halted and they are not even active but still once people saw it pumping they got panicked and got into FOMO mode and jumped in without doing research. We need to remember that there were hundreds of coins which played similar techniques and if we are going to invest or if we see any coin pumping more than 10% we should check about the coin's potential and reason behind the pump, if we don't find any valid reason behind pump then it's a scripted plan from developers or group of traders to pool in more money and dump it when it's at peak.
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I would refrain from passing judgements whether these are signals for bullrun or one more bull trap because in the past we have often seen bull run usually starts during last quarter of the year and looking at the market movement and it's coincidence with what's happening between SEC and XRP this can be considered as a signal of bullrun but we have often been bull trapped so it would be better to wait for some more time and set up a target for BTC like $40k or $35k and if it crosses these marl then we can review the market again and decide whether it's a bull run or not because BTC has been fluctuating between $25k and $30k for a while now hence only based on these fluctuations we cannot blindly consider as bull run. It would be better to wait for a while instead of FOMO.
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