It’s a well known fact in the crypto market that altcoins typically have their bull market moment after bitcoin has finished its course. With BTC dominance breaking above 60% for the first time in 2 years, it certainly seems like the time is coming for altcoins to enjoy new highs. It's about time for altcoins to shine!! You may want to read this blog from kucoin about altseason https://kucoinblog.com/what-is-altseason-and-bitcoin-dominance-btctkI think that's impossible to happen for now! because instead of achieving a new highs, it was registering a new low's each day. that's why i believe that those so called alt season is just a plain speculation even the Bitcoin was experiencing the same fate at the moment so overall the cryptomarket is on the brink of another hardship like what happen in the late 2018. The upcoming year of 2020 is a rough and challenging year for the crypto industry. |
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When you hear of cryptocurrency what mostly comes in the mind of people is Bitcoin and that's people that are not all to familiar with cryptocurrency.
In as much as Bitcoin controls a high level of cryptocurrency, altcoins are indispensable.
To my little knowledge on cryptocurrency there are altcoins for a lot of uses, some for medical use, some for advertising, some for gaming and so on. With people having interest in this areas to spread cryptocurrency we can take advantage of this opportunity it doesn't have to be all about Bitcoin all the time.
Though the problem with altcoins is the turn out of the coin after wards and the responsiveness of the owners. But if investors or crypto addicts can engage more in altcoins this will boost altcoins and get more organisers active and spread cryptocurrency more
Altcoins are getting bad publicity because of the fraudulent acts that victimized investors. And the bad thing is not just altcoins but the entire crypto industry was severely affected by those bad publicity that's why new potential players or investors are having second thought while investing in cryptocurrency resulting in price dump and market drought for the past 2 years already and because of this promotion is not helping at all, they should address first the scammed problems before planning for another promotions. |
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The Binance direct fault and whales manipulation theory is sounds like fiction to me. As we all know that "Matic Network" is just a new project and because of that reality, I strongly believe that the "caused" of that price fall is just an ordinary dump from its investors who "unsure" of the market outcome in 2020 or maybe those investors is just after for the profit. Because i believe that more and more investors nowadays has already learned in its experiences in 2018. if i am an investors and i see the market was continue to decline like these time i will do the same to secure my investment and earn some profit out of it to avoid losses.
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VeChain CEO Sunny Lu detailed. Around US$ 6.5 million have taken from VeChain tokens (VET). Establishment data recommend that the undermined wallet made without adhering to the standard strategies of the association. The establishment says their inspecting group missed it due to human mistake. It detailed in the budgetary report of the organization in September 2019 that it oversaw 27.3 percent of the all-out token accessibility. This hack establishes over 4.6% of the treasury of the establishment and furthermore represents 1.3% of the all-out supply of VeChain. Source: TheCoinRepublicThat was the reality sometimes shit will happen. and these time Vechain was become a victim, $6.5 Million dollars is a huge amount and it may resulting to flood more than 1 billion VET tokens in the market. it was very unfortunate to the part of Vchain organization that it was happen but its already done and the team has nothing can do about it. or maybe they can buy back those tokens because i'm sure it will affect the VET token price stability when it was dump in the market. |
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The 2017 Bullrun and XRP rally will not be repeated again. because i believe that 2017 bullrun is just a hype and no solid fundamentals to support it. as we see it today the market price of altcoins was falling faster than we expected that's because it has no solid gains since 2017. although that i'm an XRP supporter but still my opinion remains doubtful if XRP price will return to its former all time high record.
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The primary reason why crypto-currency enthusiast/investors is buying some new coins/tokens in the market is just because they are hoping that in one day it might be experience a price boost and earn a profit out of it. In short everyone is just speculating in the new coins/tokens that's why they bought it for the first place. while in trading its different since you are not holding those coins/tokens for a long period of time because you are just waiting your target price and then you can sell it at any moment.
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I think that was cool explanation about Binance coin (BNB) profitability. despite that more and more accusation that was throwing against the well known cryptocurrency exchange but still look at how binance was thriving comparing to its competitor. BTW its just my opinion since im also using some of the binance competitor so no hard feelings. i'm on the neutral side.
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I don't think it was wrong as the news stated that it was sold during the All time high between 2017-2018 respectively 70 thousand ethereum is just a small portion of its total holdings and its just dwarf with some whales selling millions of Eth holdings during the ATH season. cryptocurrency is associated with risk and we should all know that in the very beginning, Me personally i'm also losing some of my money during 2018-2019 crypto winter but i don't blaming anyone because these is my personal decision to hold a particular coin/token without knowing the outcome for me its a missed calculation in my side.
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I believe that cryptocurrency hype was already over since 2018, But the blockchain technology i don't think so, the technology was very useful in our present society it can be used in different industries as well for transparency and governance that's why i believe that the blockchain revolution is not a hype. But it was a timely needed to address the problems in our time.
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as we know that in 2017 many ICO were successful (at least reached softcap) and of course the market cap was also very high at the time, so it proves that many people are interested to investing in cryptocurrency, but now where do these investors go? because now the market cap is down and many ICO or IEO are failing (not reaching softcap), are investors no longer interested to investing in cryptocurrency? if yes, where are they investing now? or is there a more profitable investment than investing in cryptocurrency for now?
I think there are many contributing factors why most of the investors are gone, in 2018 when the crypto market was affected with longest bearish market season, Many investors or hodlers was affected by the decline of the most cryptocurrency prices "at the alarming rate" and it can directly translated to loses since most of those investors are just newbies in the crypto industry that's why most of them are gone. if they are still investing til' now i don't know. but for me the cryptocurrency was still attractive investment in terms of profit. but you need to gamble. |
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I think Binance has nothing to do with that, it was already listed and free traded and then why criticising Binance for a price dump of an IEO project. if a project token was dump it could be mean a lot? or maybe the hodlers,investors was losing its confidence in the project. or maybe from the team also who possibly dump the matic token on exchange. and i believe that its not beyond Binance control.
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Why not everyone can predict and speculate this is a crypto business everything can be happen. I think Binance coin BNB is already reach $35 before so why not in $23 for me it can happen anytime soon so just stay positive who knows it will happen earlier Binance coin has its unique demand via its own crypto exchange fees and purposes so its not impossible to reach $23 soon. |
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Everyone keeps pointing to trading as the best alternative to earning in this bear market but my past experience about trading was bad and now i am willing to give a try again, can any one give me good guide? don't just tell me to find strategy without giving me any, teach me how to fish
I think you should learned first to control your emotion because when you're doing a trading sessions your emotion are mixin up that it was difficult for you too handle and it can influence your judgement, that was my personal experiences before my emotions is like a wall that block my better judgement. the second is those strategies study the charts and try to predict the imotions of traders via the candlestick just remember that losing is part of any trading sessions but don't let it destroy your will to achieve a better results. |
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Guys we are talking a lot of times about "this project is scam" or "this project is amazing and soon moon" but sometimes scam project making a lot of x but amazing project making -90%. So what is for you good project? Which team and project is fake but making xx or team and project real but price making -90% and we should hold?
There's a lot of definition about scam, but these one is the most common thing that everyone's frequently encountered like a promise to"give a high return of investments in the short span of time, that was too good to be true, since in crypto investments we cant be sure what was the results in the future. that's why it means a big brewing scam tactics to lure investors to invest in the project. |
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Here are some projects that get listed on exchanges but ignore bounty hunters and airdroppers like they don't exists
1. Sparkpoint
2. Decimated
3. Nestree
4. Sero
Etc.
Any one has a solution to make this stop? if developers can't keep their promises even when they raise fund successful why needing how help to create awareness then?
These is the new norms now! that's why bounty hunters must be united to denounce those unfair practices, I believe also that the bounty manager has an important role to solve these problems! lessons to learn that since the very beginning of the bounty projects we should study the terms and condition applied before we join the promotion campaign. like me i don't join those bounties that locking bounty tokens in 6 months to 1 year for me its a waste of time and energy. |
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I think Binance location is not a secret since its one of the most popular cryptocurrency exchange in the world, They said that Binance HQ was in Malta so whats the problem with that. if i am a Binance users and i don't trust the exchange platform anymore I don't waste my time, the least i can do is first i withdraw my funds and leave without question that's simple. cryptocurrency business is a full of speculation thats why trust is more important in this industry. BTW don't worry mate Binance CEO is a very popular and active he cant afford to ruin his name.
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It might be happening soon and not in 5 years time, since we can see it already today most altcoins is slowly fading, most altcoin price was keep falling day by day has anyone notice it recently it might be the sign that altcoin market was on the brink of collapsing who knows it might be tomorrow or next year.
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Bitcoin dominance is above 65% which is something unusual since Altcoins started getting more interest from investors. It also seems that this percentage is increasing steadily for quite some time now. This is not surprising since Bitcoin was the most profitable coin in 2019 and people don't take the risk investing in altcoins anymore,they realized that Bitcoin is less risky as the price almost always eventually recover afterwards when it comes to BTC.
So what to do you think? Are altcoin getting boycotted,giving Bitcoin an increasing dominance from now on?
I don't think its like that, altcoins was not boycotted. let us consider that the dominant numbers of cryptocurrency in the market is altcoins, that's why most of its investors are scattered in different altcoin projects and that is why its not solid in terms of market size dominance. unlike Bitcoin since its the pioneering coin aside from the Bitcoin price is far more stable comparing to its altcoin counterparts it has a huge dominance in terms of market size. |
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That's quite intriguing me so far (Dump or Staking) will the two scenarios is not far to happen, just take note that crypto liquidity is high during holidays, its december people is needing funds for the season, that's why 500K XTZ might be destined for liquidity or maybe i'm wrong. |
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