To me, time will tell, because cryptocurrency revolves around risk and the bank is a set-up that operates on people confidence which is base on trust and limited risk, so the risk element is a barrier for defi to beat banks, but we never can tell what will happen, but for now, dont think so.
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You might be right, but base on my little experience in cruptocurrency altcoin rise as bitcoin rises the major difference is that bitcoin rise in geometric rate, altcoin rise arithmetic or below arithmetic rate, so that is just the difference, so I don't dispute the fact of alt season without bitcoin, only time will tell. But its has not been so before.
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Emotional intelligence is one of key factor that determines the basis of a good manager, hence decisions taken on emotion basis are wrong and most lead to failure, so as a crypto trader its expected to trade with fact data not on love basis, to make good return on any investment.
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I think this is increasing day by day, it's one of the reason have not been able to withdraw from the platform because the gas fee is annoying most times, though I take it as an opportunity for the coin to rise more. But on the other hand there network is ok but the gas fee is high compare with BSc and others.
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I was once in this shoe, I will advise for now to study, by active in this platform checking various response on different question and answer of different people, so from there you can start investing in any coin you study, you make question from it and put it in platform, after invest with money small fund, from there you can start. This is not the best way at least to some extent.
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The major coin that rise is Bitcoin more than 40% of what its in June and July, this lead to offshoot of many coin like ethereum by 40%+ also, especially from yesterday to today, bnb, btc, goma, poolz, cla, and many other coin rise by certain %,
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Sighs, you are quite right, greediness leads to great and high loss of funds, but on the other hand one can make huge money from it, what I have understood in cryptocurrency is that severity determine the magnitude of the profit or loss, but what I will just point out is that one should observe and understand the real motive of the project and team before taking any decision.
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Cryptocurrency investment. is all about risk, the more risk you take the More ROI, so to me now, no project is not worthy to invest in because it might later turn out to be profit, "if the project is not a scam project". So your level or the rate you want to want to determine what to invest in, from my perspective.
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Sure, apart from the technical analysis, ethereum is a coin with high demand due to its usefulness in different platforms, with this, there is always an increase in demand by: Investors Gas fees payer Payment mechanism Etc. This alone increase demand, when there is high demand their will always be a price increase.
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Don't have patience as to dumping like that, I observe the rate of dropping and increasing of a coin for sometime by constantly watching the price day by day, so after identify theee best time so sell and I do, though I still loose some fund but will be minimal, recently it happen to me, when I loose a lot of coin. During the time of observation I consider the team response to the price to know the rate of the project potential. This from my own perspective might be wrong.
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It's seems to be right, because what I have understand about altcoin ever since have started participated in cryptocurrency, is that altcoin reign for sometime after their value come down and they are now worthless, which is not so from the beginning after a lot have invest in it, to the extent that I don't feel comfortable to keep fund in some altcoin, though some are still thriving till now.
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You are right, there are only two type of coin in crypto world: Bitcoin Altcoin So all other coin falls under altcoin. You are also right on the basis of the increase in bitcoin price, when their is scarcity there will be inflation in price. To buttress what you said when their is need their will be increase in demand and there will be hike in price also..
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Most times dump decision is determined by personal need if I fund I can sell at any time, however most times I sell at my target profit over greed spirit, and the basis is that I like to sell at the peak of bull and prefer to buy in bear.
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One just need to get this thing that cryptocurrency is an investment with patients, that any point in time for you to get what you need, you need to exercise patience, many lose their huge fund because is not bring what they except or going below their expectations, one just need to know cryptocurrency is a win-win investment with patients
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I thought as much, lately many projects always put in their telegram for people to upvote to get listed on cointiger and token. The surprising thing is that a project did that and ended scam people because people invested in that base on the upvote stuff and they're some other means.
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You are right, when one trade on emotion most times it lead loss, greed and many other, it has more disadvantages than advantage if there is, in any investment one just need to have discipline, to make the right decision and at the right time. Even in any business Emotional Intelligence is the key to success.
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Don't really know much about all other coin, I will pick trx due to his inherent potential to thrive, in the last market bull I urge people to buy trx and when its time of bear the value drop they were afraid and now again bull the price has start increasing and there value are value not Lost, if some other coin they will not be able to recover..
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I will not because not all good presented project is really good, one need to conduct necessary research, even me as a bounty hunter I cannot participate in theat kind of project, the ann look enticing, to me it is not what it claims to be.
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Recently Defi project dominate and thrive more, Brt is a good defi project that is currently selling second phase of ICO with the motive to launch into major exchange after the sales, its traded on pancake swap. We also have cook protocol and many other. Defi project lead in crypto world.
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Don't even think there is going to be a way out to curb this ethereum gas fee, because early this year people say that by July the gas fee will reduce as a result of the launching of etherum 2.0, still now no different, as of yesterday want to swap 17$ the gas fee is also 17$ was discouraged.
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