I wonder when i heard about that. But I didn't feel safe to keep Money anywhere except banks, but if banks start shutting down then don't know who will give the assurance of return. But Op, Exchange suppose to be more dangerous than Silicon Valley Bank lol. Its hard to believe such new individual organization or I don't have any idea about such thing. Crypto wallets still aren't safe. You have options to invest in asset or somewhere esle but you know what? Sometime you don't have any option rather than trust banks in your country for security. And of course not every banks are going to shut down
I agree with you. It is better to entrust your money to a bank rather than an independent exchange. Talking about banks that will close, I think this will only happen to a few small banks and rarely happens to big banks unless there is a major event that befalls the world such as the 2008 world crisis or the 1998 Asian crisis. Usually banks that close have a kind of insurance that will guarantee customers' money with conditions. certain. This is different from exchanges where they have the risk of losing your money. As is the case with FTX and Bitforex. Even though there is a promise of return, there is no guarantee like a bank. |
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Advice from many people will definitely tell you to hold onto the coin as long as it is still circulating on the market. After I saw the movement of Dogecoin, it was very unpromising because the coin had achieved what the developer wanted. There is some recent news about the price of Dogecoin even this year will reach a new ATH of up to $0.73 but I really doubt it. It's better if you also hold other top altcoins while waiting for the bull run or bull market to return.
I agree with you. Dogecoin has reached a tired phase and it will be difficult to reach the $1 target as some say. I don't have any expectations on Dogecoin at the moment. If you ask about the future of meme coins I think PEPE will be the pioneer that will bring you success in the future. Other meme coins are too risky. I think PEPE will indeed be the next dogecoin. This is my personal opinion. |
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Yes I agree with you that investing in top ten altcoins is a good decision to invest. If the top 10 coins include meme coins there then I don't want to go there. Also among the ten coins are several coins that have not increased in value much. Among the top 10 altcoins my favorites are Ethereum, BNB, Solana coin. These coins have performed well recently, although the price has dropped slightly. But I am optimistic that these three coins will perform well in the coming bull season. So, I think three of the top 10 altcoin will help to spread the investment of coins and get much profit in future.
But the top 10 altcoins cannot give you significant profits. As you said it will be difficult for coins in the top 10 to record increases of hundreds of percent. Only ETH, BNB and SOL have good profits. Other coins such as XRP and ADA do not provide profits. USDT and USDC are stable coins. DOGE and SHIB are meme coins. I excluded TON because the project only entered the top 10 in the last few months and not in the last year. |
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For me I don't consider it as a necessity but want, we could continue to live without investment.
It is for those who wants it, those who wants to have a better future, have an extra income even if they aren't doing anything, those who wants to have a better lifestyle.
We don't need to force people to start on their investment journey it is up to them if they want to, it wouldn't always be about profit, they should also be aware of the risk when it comes to investment.
I agree with you. We cannot force people to become investors. But I will still educate people about the importance of investing. For me, investment will be a necessity in the future to maintain the value of your money. Inflation will continue to occur and without investment your wealth will continue to decline in the future. I want to put investment as a necessity but I don't say it is an obligation or basic need. |
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Because the marketcap is lower, that means that if someone buys a lot or sells a lot then the price could change wildly and a lot easier, of course when one person with a lot does this, others follow most of the time, or at least stop loss type of stuff gets activated, these all mean that we could see wild movements very quickly. This is why I believe that we can't really make it work all that easily, we should probably consider getting higher ranked coins so we can do a lot better with volatility.
It is about how bookies or whales manipulate prices to make a profit. Coins with a low marketcap are very easy to manipulate. But not all projects can be manipulated by whales because if there is no liquidity then it will be useless. But volatile markets will still occur and that's how markets work. Altcoins can fly very fast and we cannot predict how high an altcoin will fly. But altcoins are great for short-term projects and most of them are not suitable for long-term projects. |
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That's right, they're also patient and intelligent nowadays. They know how to wait and understand how the investors go along with new projects and that's why we need to be more careful or for those investors, need to have more extra care because if not, they'd always been targeted by these scammers. They know who their market are and who to target with their tactics.
That's why it's important for beginners to invest in credible projects rather than having to try their luck on new projects. If you are someone who is ready to risk losing your money, and you have a deep understanding of tokenomics and white papers, you can try investing in new projects. If no you are just a beginner investor, it is better to be careful because there are many scammers on new projects. |
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Diversifying on altcoins especially on meme coins will do nothing. You believe me. Meme coins have very high fluctuations in value. Investing in meme coins is high risk. But if you want to keep investing in meme coins then you have to be ready to accept it. Diversifying for the sake of preserving asset value will not give you the returns you should get from meme coins. I prefer to make one investment and move on to another after getting a few tens of percent returns.
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Every trade definitely has risks, but they are high or not. If we make an investment when market conditions are rising, it will definitely be at high risk and there is a chance that you will experience a loss. So in my opinion understand market conditions before making an investment. However, I am sure that there are many altcoins that we can use as investment tools because the market is fluctuating. So please do your research and invest.
I agree with you. There will always be risks in every trade. If OP asks whether it is still risky to invest in altcoins, I can answer that there will always be risks in altcoins anytime and anywhere. It is impossible to invest in altcoins without risk. More risk in altcoins than bitcoin. But altcoins can generate greater returns than bitcoin. |
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Why use the word Killer? We have been hearing about Ethereum killer and now Solana killer  All of them are unique blockchain with their unique identity. They cannot be killers of each other. TON chain is also good but I felt the transaction fee are a bit high on their network. I agree with you. In the past, Solana was called the Ethereum killer and now Ton is called the Solana killer. I think this is very funny. Yes, I have used the Ton network and they are currently developing. You can find tons of wallets from the Telegram application, at least from the application on Windows like me. This will certainly attract the attention of some Telegram users and this may be one of Ton's marketing strategies. |
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The best expert will always be you yourself, your own experience in trading cryptocurrencies will open up all the opportunities for you to earn money. In the cryptocurrency market with a complex and unstable system, there will always be pseudo-experts who can only ruin your impression, it is their job to impose their opinion, you should not encourage their activities, real market experts do not behave like that and do not waste time on this.
This is where we as individuals must have firmness in making decisions, we can receive references from wherever we are but do not have to be applied in the final decision I think, so in my opinion I agree with your statement. The best expert will always be yourself. So why waste time hearing the words of experts suddenly when the market is up, and disappear when the market is down You are right and I agree with you. I see a lot of media reporting about crypto. Many people call themselves experts and then analyze several cryptocurrencies and provide price predictions according to them. I think it is everyone's right but thinking they are market experts for daring to make predictions is a big mistake. In the end, only you yourself can become a market expert if you have studied and tried to analyze the market for years. |
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JacksClub Username: Godday4450
Prediction: $63,446.00
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I can't advise anyone to invest in new projects. But it is important to remember that never invest hastily, choose coins based on good fundamentals. Apart from that, don't easily believe in the mode of offering big bonuses because many new projects like that are scams, let alone using them.
I also want to say the same thing. I mean it is important to know the fact that new projects are very risky and you can lose your money if the project you choose turns out to be a scammer. OP asks if OP should invest in a new project. A new project can give you a jackpot but I think this is a very risky bet. It's like gambling. I personally prefer investing in projects that are already listed on the market even if they only have small profits. |
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We cannot make every meme coin our favorite coin at the moment. For me, I don't think that meme coins will continue to shine for the next few years. If I was asked to choose one meme coin, I would choose doge because dogecoin has had great popularity from the first hype until now. Many people are still interested in buying Doge coins.
I agree with you. Dogecoin is the best meme coin and you can hold it for the long term. I also have Dogecoin and I bought it a lot in 2021. Even though I experienced some losses, I did daily trading to make a profit again. But if asked about my favorite meme coin at the moment I have several choices such as pepe, wif, bome and bonk. Dogecoin is my first choice. |
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I've had some profit with PEPE in past. It was my most yielding memecoin investment. There might be a few percentage profit on others too but they are still negligible. I'm currently heavily invested on top memecoins. I have Bonk, Bome, ShibaInu, mew as my largest holdings and aims to bag many more.
Its a surprise to see how fast a new meme coin rises but it's too difficult to find them. There are like a dozen of networks that are producing memecoins at a pace of 100s of coins each day in aggregate. Its even harder to predict which would have next pump.
I agree with you. It is very difficult to profit from meme coins. I have also benefited from Pepe and yesterday I also received a small profit from WIF. But I don't think meme coins can be a long-term investment. I bought pepe and wif and sold them at the right time. If you bought wif at the beginning of this year and you are still holding it now I think you have missed out on a fair price for wif. |
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For me i do advice, if am diversifying I should think of physical asset rather than altcoin though everyone is entitled to there opinion and decision about there investment choice.
Selling off, when you don't have enough stash of Bitcoin or a maturity stage yet is a bad investment decision, NOTE.
I think I also agree with you. If you sell your bitcoin and buy altcoin I think it's not a good choice. You can make huge profits from altcoins but I think it would be a shame when you sell your bitcoins to buy some altcoins. I personally prefer buying physical assets over altcoins. Because the altcoin market is very volatile and you can enjoy your profits by buying physical assets. |
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I think the popularity of memecoins will never end considering that so many memecoins have been created with different innovations, so crypto users are interested in adopting memecoins in the hope of providing big profits in a short time, especially considering that the price of altcoins is currently increasing. , and of course this is increasingly difficult for lower middle class users to reach, which is why memecoin has become one of the popular investment alternatives in the cryptocurrency world.
This is different from other narratives such as ai or metaverse where you can see that in 2021 it is a metaverse narrative and in 2024 it is a narrative from ai. I think this meme coin narrative will never end. The meme coin narrative will always be a narrative that will emerge every year. Meme coins will always be an alternative and there will always be people who want to speculate with meme coins. |
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Authentication PostBitcointalk username: Godday Telegram username: https://t.me/godday2016wallet address polygon from Metamask: 0x3fB024172061b1bc8A55e2a4947C0eCD93311E08
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JacksClub Username: Godday4450
Prediction: $65,446.00
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