Any advice from those who have been in crypto for a long time for those who are seeing this market for the first time?
Personally, I have already seen similar events in the crypto market and I can say that sooner or later the situation will definitely change. Whether this change will be for the better or worse, only time will tell, but from practice, I have already seen how after each market fall, there is a growth in the end. Of course, there may be another trip to the moon, as well as an even greater fall, it will all depend on your faith in cryptocurrencies. You just need to know that there is a crisis going on right now and as soon as it ends, growth should begin. Of course, you won’t go far on faith alone, but if you are an investor, you must understand that any investment is always a risk, which means you need to be able to wait and not make hasty decisions. |
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It is very sad that such terrible things happen in the world. The use of gold coins in Zimbabwe is probably a desperate move to somehow keep the situation with rising inflation, but whether it helps or not will be seen a little later. As for the proposal to use the US dollar, it is probably not the case that it can be a solution to the problem of high inflation in Zimbabwe, as the US dollar itself, like the US itself, is experiencing similar problems. Perhaps the use of cryptocurrencies could also help in solving this problem, but someone should deal with all this, only in this way can one see a real result in solving the problems associated with high inflation in many countries.
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An excellent story that inspires all cryptocurrency owners with hope for a better future. I am sincerely happy for you that you were able to buy your first real product with Bitcoin. Of course, this is a very important event for you and everyone who was able to read your story, as well as the owner of BTC. I am sure that now everyone will be able to do the same as you, namely, use BTC to buy real goods. I am also sure that many will want to become holders of BTC, since it has real proof of real use. I am glad that I was able to read your story, because it also encouraged me to start buying BTC.
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Good morning I was looking at the uncertainty that there is currently about investing or not in NFT projects... what do you think about it? I'm new here please treat me well  As for the uncertainty, it is probably now in many and in different markets. Of course, this is due to the current situation in the world. As for the uncertainty in the NFT market, one thing can be said here, no one can know for 100% what will happen next, so all decisions that are made are made at your own risk. NFT, of course, did not appear today or yesterday, and therefore, to some extent, they have already been successful. However, now that many NFT markets are in a downturn, it may also be influenced by this, hence the uncertainty. I think that we need to wait until the crisis is over, and then the uncertainty will probably go away and there will be more opportunities to achieve success, including in working with NFTs. |
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It'd be interesting to know how people find and analyse good long term projects that made insane profits. Can you list:
1. How you found the coin
2. Why you believed in the project
3. Why are you still holding or why you sold
I am not a millonaire yet but I bought HEX at $.05 about a year ago and sold at $.20. I thought a made a nice profit but HEX did another 2.5x.
I found HEX by watching a youtube channel and I believe in HEX because Richard Heart seems like a smart dude. I sold because I was dumb back then.
Unfortunately, I am still far from such large incomes and I have not yet been lucky enough to earn my first million. As for the choice of cryptocurrencies for earning, I mainly pay attention to new promising crypto platforms and their assets. Of course, I have nothing to brag about, but there were several cryptocurrencies that brought me income of several thousand dollars. One of them is still working and developing is the Tycoon platform and its TYC token. I also want to note that I was able to receive income at the very moment when the platform and its token entered the market. Apparently this is the most favorable period for each crypto platform and its crypto asset. |
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Yes, I also very often heard that Bitcoin is the new gold, but this statement probably means that BTC can become the new digital gold, that is, have a similar value to real gold. As for the real gold of Uganda, it is difficult for me to say something about this, since it is not clear to what extent this information corresponds to reality. But if we assume that this is true, then there is a possibility that someone really needs real gold now. There was information that some countries want to return to the gold standard, and if this happens, then real gold will again be in great demand on the market. Returning to the question of BTC and its similarity with gold, I understand that everything will depend only on the demand for BTC. If demand is high, then Bitcoin can be called the new digital gold, if demand falls, then everything can change. In any case, new gold is considered to be an asset similar in some characteristics to real gold and its history of formation in the world.
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A really interesting question about the value of Bitcoin, but in order to understand it, you need to understand what the value itself is. As for me, value is when a certain product or asset is in demand, that is, someone needs it and is at least willing to pay for it or exchange it for something else. If you put this on Bitcoin, it turns out that BTC still has value and it has its own value, which certain people are willing to pay. On the other hand, if BTC did not have all this, then the price of Bitcoin would probably be equal to zero. So in this case, we can say that Bitcoin has value and has a certain value, however, these two values change periodically, which makes Bitcoin itself less predictable.
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Same deal with the BTC sentiment thread for July at the other speculation section. Check out the chart below. Next support could be the 800 - 835 range. It seems to be respected last time as ETH bounced back up as soon as it approached it. What do you guys think? Will it be respected again next time or is ETH going below it? Removed 'no idea' as an option. Yes or no votes only... And there are no right or wrong answers here. Just reply with your thought process and... Let's make it fun!  I am not particularly selenium in charts and support lines, but I believe that the situation in the cryptocurrency market will continue to deteriorate due to the bad situation in the world. As you can see, a crisis is beginning in the world in many areas, which means that one way or another the crypto market will react to this, or rather, it is already reacting and will continue to do so. So if the situation in the world and in traditional markets continues to deteriorate, then the prices of cryptocurrencies will go down, including on Ethereum. From this we can assume that the price of ETH can reach $800 for 1 ETH and possibly even lower. It is also worth adding here that now the crypto market has entered the beginning of a new cycle and, as history shows, at the beginning of each cycle, prices for cryptocurrencies have always gone down. So my answer is that the price of ETH will go down to at least the levels indicated above. |
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