 Show Posts
|
|
Pages: « 1 [2] 3 4 5 »
|
|
Staking cryptocurrency is wise, if you have a goal for holding long term. It keeps your mind off the cryptocurrency and you get rewarded for staking. The only thing I find uncomfortable is the fact that the staking reward is in most cases meager especially if you are staking in reputable institutions.
|
|
|
|
Well, I bought some fractions of Bitcoin at the price of $30K, ETH at $2,100 but unfortunately they have been going downward since then. The bearish trend in the whole market is still prevailing, which greatly impacts on coin prices. Despite the bear market, Bitcoin is still holding on its ground with its price not fluctuating over the top. However, the altcoins are becoming more volatile than before and I begin to doubt whether investing in altcoins is a wise choice. Did you invest in altcoins ? What do you think of the current altcoin market ? Please let me know.
One of the skills that is required to flourish in this industry is emotional and mental health management. The market is volatile in nature and as such there would always be movements and you have to either overlook the movements or understand that it's a feature of the market. Investing in bitcoin or ethereum is a good idea from my perspective, but you need to be willing to wait for your trades to be profitable. |
|
|
|
|
The fact that you intend to utilize your investment of $40, 000 to become a billionaire in five years time implies that you must be a huge risk taker. To get this kinda result, cryptocurrency is the best place to invest. But let it be known that even as much as you can get your target in less than five years, there's also the possibility of loosing your capital too.
If I have $40,000 my best choice for investment would be real estate as it posses the attributes of appreciation and five years is a long time.
|
|
|
|
|
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.
|
|
|
|
|
Buying Solana and holding for a long time is not advisable as so many things have gone wrong. Infact, I personally did invest in Solana when it was in it's peak and have been holding for a while hoping that the value improves, but it's not forthcoming.
|
|
|
|
|
From my perspective, the cryptocurrency market is dynamic and fast changing. It takes a whole lot for a project to be relevant for a long duration. Most projects we have today, would not be existent in the next bull run and it's obvious that projects springs up daily, some as a continuum of the existing trend, others are innovative to serve the new future.
My take on this is to be spontaneous, the market pace is fast and it's best to be dynamic and flexible, take advantage of prevailing opportunities and whatever the market offers, there are several opportunities that are available, so it would be impossible to have them all.
The era of meme coin and Shiba inu would be long gone before the next bull run, so when the opportunity comes, don't be reluctant to move. Don't hold any project or token too close to your heart as the purpose should be to make the best out of the market and not personal attachments.
|
|
|
|
|
It feels like it's taking too long for the next bull run to commence, I was actually anticipating that this year would mark another bull run, but the year is far spent and we're yet to witness the much anticipated bull run. I'm still positive that the market could turn out right.
|
|
|
|
|
PROOF OF AUTHENTICATION :
Bitcointalk Username: Humility4sure
Bitnity Username: shy-heart-4938
Campaign Category Participated: Twitter
Bitnity ETH Wallet Address: 0xc6B5fb438603461eecae5bB6bbCdb574962048F2
|
|
|
|
|
Bitcointalk username: Humility4sure
BEP-20 wallet address: 0x2f4182be4727712483c812D448902Ba5A2F2A633
Twitter username: @GreatUzor
Telegram username: @Anayo29
|
|
|
|
|
