The price is far from their ATH. I think it's very difficult for ALGO to recover. They have a max supply of 10 billion which means they still have 3 billion coins that are not on the market yet.
I believe ALGO is a good project but the SEC has complicated the situation. What ALGO has to do is follow SEC regulations like ImToken has done and they are recovering slowly.
it is a risk if you invest in altcoin projects based in America such as XRP, Algorand and also Binance, but Algorand is very different from the two coins, because Algorand already has a large supply and is in the top 100 altcoins which currently still has a negative ROI, So if you start investing now, I think the risk is small, but if you invest when the ALGO price is above $ 4, it will be very difficult to recover. |
|
|
|
What do you think of your friends to take advantage of situations like this, is it now the right time to buy a few coins?
The crypto market has experienced a drastic decline in recent days due to several things, namely the Binanace and Coinbase disputes that are still ongoing with the SEC to this day, coupled with Robinhood's decision to remove ADA, MATIC and SOl, causing the market to fall all red. answer your question above my view. If one market is missing for and there is another market that holds the same coin. yes. this is the right time to enter the market. In Bear season, bad news always comes again and again. I've experienced it a lot since 2018 and now it's 2023, but when bad news comes, of course the opportunity to buy crypto currency at low prices is very open, so I always use that opportunity well. |
|
|
|
The next bull run will undoubtedly be a gold rush of sorts for meme coins. However, as investors, it is crucial that we don't let the intoxicating allure of quick profits cloud our judgement. Careful research, due diligence, and a healthy dose of skepticism are our best defenses against potential scams.
Undoubtedly, the next bull run Promises great opportunities for coin memes. The market dynamics during these periods often creates a sense of excitement and the potential for large profits. With conditions like this, it has risen and I think it will probably happen in 2024. in 2021 it will also be like that, memecoin in altcoin season 2021 is very crazy for the increase, for example Doge and Shiba, so there is a possibility of a bull run in 2024-2025 memecoin also has great potential to pump. but if you want to buy it this year, of course you have to be prepared to accept the risk. |
|
|
|
|
Right now the Altcoin that I really like is on DIP,
and that altcoin is not the Top 100 Coinmarktecap but the top 200 Coinmarketcap,
yes that is Wemix, one of the play to earn altcoins, metaverse and Nft which are currently in Bottom,
in 2021 Wemix never reached $ 24 and fell to $ 0.6 this year, so I chose Wemix for my Hold.
|
|
|
|
At this time? Sure not gonna happen. It almost impossible for CAKE price to reach $50. Especially if we looking into the market situation right now, the project really need to do something BIG if they want to reach that price in the future.
The market is currently very bearish and the selling pressure is also very high on Bitcoin and Altcoins, Cake has also fallen -9% in a day according to Coinmarketcap, Cake may even fall deeper to $ 1 to $ 0.7, because Cake's strongest support is at that level, but I believe it is the final Bottom if it occurs. |
|
|
|
First two coin you mentioned ethereum and binance Coin will be most promising altcoins, even nobody will doubt. But the last one, XRP has Sec issue. Some investors still have expectations surrounding xrp but i can't suggest any struggling altcoin which decreased 87% from its ath, since last five years. No profitable at all, so can't considered such coin as promising. Rather you Should go with some others potential altcoins
But I don't think it's a problem trying to invest in XRP, because Ripple is still alive today and they are still fighting in court to win the trial against the SEC, even though the price of XRP has not grown much but if XRP wins then Pump x2 and even x10 can occur in a very long period of time. short, then why should we be afraid? |
|
|
|
|
I think it's better to accumulate BNB from now on because BNB price can be sure to continue to fall,
Resistance at $300 has failed and now BNB has fallen to $260 and is likely to fall again to $200,
and if $200 is broken then $100 to $150 could be reached.
|
|
|
|
|
Judging from the history of the Bitcoin chart, it is likely that the price of $ 40k to $ 50k will be reached this year, and 2024 Bullish will begin,
and it is possible to start after a correction, because the chart is very similar to 2019-2020 where the year Bitcoin volatility was very large,
so 2023 -2024 will be very high in volatility, of course we have to be really prepared and not be greedy when trading.
|
|
|
|
I am looking to add one more Crypto to my portfolio and thinking Cardano but wondering how high this can really go during the next bull run.
I am looking for a 10x minimum between now and bull run and the current price is £0.29 with a £10billion market cap - the chances of Cardano doing a 10x next bull run are likely right?
I do not know too much about Cardano just that it is current top 10 and many rave about it, would be good to hear thoughts on this both good and bad.
I think it will be very difficult to make a top 10 cmc, giving 10x the profit especially in a short time, but if you want to take profits and not be too risky it is an option worth considering. Cardano is one of the top 10 altcoins which in terms of market cap Cardano has a large market cap, so pumping 10x in the short term will certainly be difficult because ADA is not a pump and dump coin, but for the long term ADA still has great potential to increase 10x or even 20x, it's just that the Bitcoin marketcap has to get bigger again from now on. |
|
|
|
With $ 10k, it's better to just invest in bitcoin. Investing in Bitcoin is not only safe, it also has the potential to generate large profits, especially with a capital of $ 10k, you can get up to 3x returns if you invest in the long term.
Bitcoin is still the best choice I think for long term investment and there is no doubt about it, besides Bitcoin other top coins like Ethereum and BNB are also good for long term, the most important thing before investing you must know your goals and after that adjust them to your goals. I agree with you that until now bitcoin has been the best choice for both short term and long term investment. Indeed, before we invest in cryptocurrency, we must determine what our goals are for investing and we must also be able to analyze it thoroughly so that we don't experience big losses. Like investing in bitcoin even though it is the best investment, if we can determine when the right time to buy and sell is then we will experience big losses. Choosing Bitcoin to invest with a capital of $ 10k in my opinion is also good, especially since the price of Bitcoin is currently still at $ 25k, approaching a halving usually the price of Bitcoin will experience bullish and of course this is an opportunity, but we also have to know that Bitcoin has strong support at $ 19 k to $ 20k, if Bitcoin dumps below $ 19k it is clear that the market will be bearish and more dump, so be careful when trading or investing. |
|
|
|
|
Binance and Coinbase are in trouble with the SEC and it will be an opportunity for the DEX token to rise again,
and CAKE will be top 1 in being a DEX exchange because we know that pancakeswap has a great reputation being built on the BSC network,
and the second one is probably Uniswap, Of course, if this happens, Cake will easily reach $ 50 in the bullish season.
|
|
|
|
At this stage of bitcoin is not when someone will be talking about scalability problems. I agree that scalability is one of the issues that bitcoin has faced and the developers are not folding their hands about it. The following and more technologies have been introduced to enhance scalability; - Lightening Network
- SegWit addresses
- Taproot
Scalability is still a problem as it hasn't been totally eliminated, the solution you listed has done well to fasten the confirmation rate of Bitcoin but it hasn't brought about a permanent solution and they aren't been adopted because of the complexity of the solution. We haven't reached the full capacity of transaction that other online payment processors make and how fast those transaction are been done Yea, and there will never be a time that bitcoin will be 100% scalable and its transaction very seamless or as fast as xrp. Again, the complexity of the network and the solution it profers is for the security of the network. However, the developers are tiredlessly working to improve the system and there is a remarkable improvement over the decade. Before, bitcoin will click another decade, many things will change for good. especially when the BRC-20 token arrived on the Bitcoin network and caused transactions on the Bitcoin network to slow down, I used to like trading on Bitcoin because the fees were small but now the fees from Bitcoin are very large and it's even the same problem on the Ethereum network. and the other biggest challenge is in the government of a country because if Bitcoin is banned then of course it will have an impact on the price of Bitcoin itself. |
|
|
|
|
2024 will be an interesting year and it is still very much a mystery whether there will be new categories that will experience fomo.
or old categories such as NFT, Play To earn, Defi, metaverse and Layer1$2 which will experience fomo,
of course if we have more capital make sure we hold some of these coins. maybe SLP, MANA, and CKB can be a good thing in 2024.
|
|
|
|
People seem to have become millionaires in previous bull cycles with modest investments in BTC & ETH. If I invested in 1 BTC, is it enough to make me a millionaire by the next bull run, or are there an elite number of alt coins that could help me safely achieve what BTC & ETH once did?
Investing 1 BTC when the Bitcoin price is at $ 27k of course you can have the opportunity to get more bullish profits later, just imagine if you Hold 1 Bitcoin at the current price and in 2025 the Bitcoin price reaches $ 100k or maybe $ 150k, then you get $ 100k in 2 years yes you are a millionaire mate!. |
|
|
|
Investing in cryptocurrencies based on one coin does not earn good profits. $800 is a very good amount to invest. I think with this amount you can invest quite a few coins.Although Bitcoin investment is above all, Bitcoin is best for earning good profit. But I would say keep some altcoins in your wallet too, which can give you 100x to 200x returns.While huge profits can be made from altcoins, as well as altcoins are high in risk. Of course, be careful when investing in altcoins, as there is a huge element of pump and dump.
Choose an altcoin that has real potential and can be done by doing research first, with $ 800 you have to be smart in managing it and it can generate big profits, investment for the long term obviously Bitcoin is the choice and for the short term choose altcoins. |
|
|
|
Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?
There are many ways you can do to survive in economic conditions like this, you can start pioneering the economy starting from a small job opening an online business or local business from door to door. This is the consequence if you don't prepare your savings to face bad possibilities that we never know when they will happen. Throw away your prestige and don't care about what other people say, you must be ready to do anything to survive in a difficult economy to support your family. That is the consequence that when we don't have savings, we inevitably have to do anything, as long as there is a desire and keep trying I think it will have results later, besides that it is also necessary to learn to be innovative and creative in opening a business. |
|
|
|
We all need to be careful in our decision regarding buying meme coins and holding for long term. I personally won't advise anyone to see meme coin as a good store of value because the market is basically a pump and dump scheme. The best approach us to trade the coin on a short term basis and always remember that this is not a financial advise as I'm only sharing an opinion.
If one thinks of making money by investing in meme coins then it will be very foolish. I think we can buy meme coins as a hobby but it is not for long term holding then if one invests in it he will not be able to make money. We have to see that we should invest in all the coins that will make us profitable. Investing in meme coins for long term is too risky and not worth it, for sure it's not the right choice and in the end it's just a waste of time so consider it before doing that, the best option is still investing in Bitcoin or Ethereum and it is much safer. |
|
|
|
If you know how to analyze the market well, then any season will be your favorite.
A good time to invest/accumulate is a bear market. For trade is bull season, cause almost all market will go up significantly. I prefer bull season, but with the right approach, both companies can be profitable
That's right, that's why it's important to have a foundation first, namely knowledge and skills, Of course we get this from learning many things, one of which is learning from experience, that way we will know the right time to sell and buy. |
|
|
|
ARPA to $ 1 is still possible, because Arpa's market cap is still very low, moreover Arpa does have good fundamentals and is still ranked 282,
so if you want to accumulate Arpa this is the time, because ARPA's potential to enter the top 100 is still large.
Hoping that when the ARPA bull market can reach $1 and anything can still happen, keep following the movement because indeed this has the potential to continue to grow, having strong fundamentals is certainly a good thing. |
|
|
|
My wealth plan for next 3 years
I will take loans becouse fiat value is high so usd value ATH.
I will invest in btc,gold,silver becouse money is now expensive so when i borrow now the bull run Will make profit i make profit and from the profit i make money for myself and i can Pay the % to lender.
The strategy you are implementing is indeed very good, because you involve bitcoin, gold and silver in your strategy. Because these three assets can be considered very good assets, when viewed in terms of quality and interest among investors. The most important thing is that you have to be able to maximize the capital you have, because it will be very risky if you don't succeed or don't make a profit on the plan. Especially because the money you use is the result of borrowing. It is certain that the risk that you will face will be many times over if that bad possibility occurs. But that's only the worst possibility, which you should be aware of. Because if you think about it, bitcoin will soon face a halving, gold always has a stable price per year, and silver always has a stable price. But if you invest in gold and silver you should know that within three years, I don't think there will be big profits to be made. Because even though the price of gold is stable, the price increase experienced by gold annually is not too big. And the money that you will invest in gold and silver I don't think will increase too much, unless you invest a large amount. Bitcoin will soon face halving, but there is no certainty and guarantee that history will repeat or new ATH will be created. So putting too much trust and most of your wealth in bitcoin is never a wise idea. Regarding metals, they only give us stability in value, helping us against the loss of fiat value due to inflation. So I think it is more appropriate to use them as a means of saving than to expect a profit from them, and borrowing money to invest in gold or silver is also very risky unless it is idle money. In short, investing with borrowed money is never a good plan. True we don't know what it will be yet and we can only hope that it can reach the new ATH, investing definitely has risks and when we use borrowed money as investment capital, of course it will make the risk even bigger, it is better to minimize the risk, one of which is by not using borrowed money to invest. |
|
|
|
|
Show Posts
