The best strategy to get big profits is to buy cheap and sell high, now we are in the first phase that is the best time to buy, I'm sure in 2023 the market is immediately rising so that we can get profit and of course long -term hold is better.
Basically, buying low and selling high is a good strategy to make a profit. But if you say that in 2023 the market will go up immediately, that's just a prediction that isn't necessarily accurate. So far, no experts have been able to accurately predict the future of cryptocurrencies. |
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Indeed, the price of bitcoin had risen to the area of $28.7k a few days ago. But now the bitcoin price is back down to the $27.8k area. Therefore, it seems that in April it cannot be said that bitcoin is in a bull run phase.
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In my opinion, although recently the price of bitcoin has increased, it seems that the crypto market is not yet fully in the bull run phase. We don't know how far the current price movement will continue. However, I'm not sure if the bitcoin price drops to the $15k area again.
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Since the beginning of March until now the bitcoin price has jumped significantly where the bitcoin price is trading again in the $28k area. Although we don't know exactly what factors make bitcoin pump. We expect, the current price hike to continue and get to above $35k soon.
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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. Agree with that, if the investment goal is to get a quick profit, you should not focus on one coin so that you can have various profits on each coin invested. Investing in one coin to be precise is only to be used as a long-term investment. Indeed, if people have a lot of money, apart from investing in bitcoin it is also better to invest in some altcoins that have strong fundamentals so that the profits obtained are satisfactory from the variety of coins traded both in the long term and in the short.
I think if you have new in the crypto so first my advice is that gain some knowledge about cryptocurrency and second important thing is that where you invest your money first gain knowledge about project see the future plan of project so invest your money.
In addition to understanding crypto knowledge, we must also be prepared for fluctuations in the price of cryptocurrencies and must also be able to manage emotions. If we can't manage our emotions, we will suffer losses. Also, don't ever get stuck investing in a new project if you've never done it before because lately there have been a lot of new projects that offer good concepts to get money from investors but in the end they are scammers. [moderator's note: consecutive posts merged] |
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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.
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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