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Memecoin/ token have taking a forefront in Cryptocurrency market in recent weeks and you can see these coin been listed daily on coingecko even in a bearish market. I wonder why people keep creating these token ! It is obvious that some scamners are creating most of these coin to defraud naive Cryptocurrency investors. The sign on the wall is big!
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When it comes to deciding for a long term investment outlook in Cryptocurrency, I will take bitcoin instead of ethereum. Bitcoin has been before ethereum came along. The factors that make bitcoin the number one Cryptocurrency are still there and are been strengthen as the days goes by. Ethereum without a doubt has been a good altcoin but bitcoin is more decentralized than ethereum. So, I will go for bitcoin!
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The best way to know if a project is a scam project or not is through your own research before you buy into such project. It safe to assume that any project will not fully disclose all the information you need to make a right decision. You must read in between the lines and make a sound judgement about their claims. Another way to invest is to buy time test altcoin in Cryptocurrency market.
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Do you think now is not the right to buy some important currencies?
Take a good look these coin below:
1. BTC
2. ETH
3. BNB
4. LTC
5. TRX
6. LINK
7. AME
8. DOT
9. EOS
10. WPP
We have been yelling for the right time all this while but we still wanna miss some quality opportunities banging on our door step, don't be surprised what will happen next and many will still say "where were me" when i gat all the chance to buy.
Note:
I just listed few coin i m holding so you can do your research and take your risk!
When there is blood in the market, that is when huge profit is made. Positioning is very fundermental to future profits. There are coin that are on their all time low which if bought will give good profit in not to distant future. I will definitely buy some of the coin listed if they fall into my buying range. I will give priority to btc, Ethan, dot and ltc! |
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Firstly, Elon no longer take bitcoin for his Tesla. Secondly, I will not trade my bitcoin for Tesla! I will rather buy Tesla with fiat whenever I can afford it. Tesla is good innovation but the thing about innovative products is that other better innovation will soon come up. I believe there will not be other bitcoin! So I keep growing my bitcoin!
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It is indeed very good practice for traders to take their unrealized gain whenever it comes. When there is an insane gain like hex doing 40x, you will discover there are only few people who made that 40x, majority only made 1x, 2x etc. It is hard to predict the market and as the saying goes... A bird at hand is worth more than two in the forest!
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if you have been in 2017 you experience ups and downs of the market, lots of gains but lots of losses in some, but even though you have been through those times, still you haven't learn to correct those mistakes, I think there are lots of things that changes your view regarding the market and this are the following: - You follow a persons advice through his social account post example is Elon musk
- You still believe that a certain coin will come back from the dead even though you already knew its a scam
- you just follow your instinct and never make single research
- emotions still control you to decided
mostly I see people who are successful in crypto have spent lots of time, before they reach where they are, yes there are things that are associated with luck but don't just depend on it. I think if you have a plan and stick by your plan which require a lots of discipline, you can stay focus and not be distracted by influencer. The outlook of getting more profit from your investment should not be driven by fear or greed, rather, it should be based on sound information based on intelligent outlook of the said investment! |
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Bnb was very profitable for lots of investors including my humble self. Having a benefit of hindsight now, bnb was a good and unique altcoin that delivers with it's unique burning method of it's supply. Bnb has proved to be successful despite the criticism that followed it's centralized network and it's exchange. I think both decentralized and centralized protocol can both benefit the Cryptocurrency ecosystem and binance has really demonstrated this!
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Holding and taking profits are mutually exclusive! You can not hold and take profit at the same time. Holding for me is the right strategy for better value of your holdings! There will be time to take profit into fiat or better still, time to use valuable Cryptocurrency in fiat value when it is needed! Holding should be for a long term!
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Matic (polygon) and dogecoin are two different coin with different utility and objectives. Matic is a side chain to ethereum platform. Matic evolve from ICO on binance exchange into a coin that can add value to Cryptocurrency in general. Dogecoin is a meme coin and that also have fun and entertaining value in Cryptocurrency space!
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Current number of post (Including this one):1324
BEP20(BSC) address:0x83b466E639f48cd34c56C787F3E7da8E2a437d2C
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Matic (polygon) is at a juncture where it's usefulness will be questioned and scrutinized! Matic popularity has been as a result of L2 solutions it provides for ethereum network. Going forward, ethereum is working assiduously to find solutions to problems of congestion that usually results into high gas fee! Now, we can see lower gas fee and the incoming solutions of abitrum with other upgrade are very promising. Will Matic still be relevant after all these solutions!
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High discount could mean nothing, discount is a way of appealing to wider investors circle. The important issue here is the question of how serious the project is! Does the project need money, and if it does will the money raised be used for development and growth of the project and Cryptocurrency at large!
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Meme is simply the trending coin at this time, other trend that is based on serious project will emerge as well! It appears different trends rotate in Cryptocurrency and at the end, every coin will have it's moments and it's glory! It is important now that investors get into quality altcoin coin that represents a trend that could be popular later!
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The large percentage of token listed on decentralized exchange are meme coin! Mixing business with pleasure doesn't always ends well! Meme coin are fun and it should be by no means become technology we will now have to rely on. I think we need to focus on solving problems that will prevent Cryptocurrency adoption instead of creating meme, taking money away from serious project!
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Bitcoin value still determines the altcoin market. Despite the fact that altcoin prices are low, bitcoin recent bounce made altcoin prices to decrease further lower! I will continue to hold on and buy every low at these times. It is an interesting time to accumulate quality altcoin at very cheap price!
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Holding good altcoin we put you ahead and secure your position! The fact that you are holding give you an awareness you may not have if you exit! And been aware help you to buy at very cheap price even if there are lower lows as market correcting persist, you will still be able to average down. These are unique opportunity for outstanding gain when reversal of current situation happens.
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I think future of Cryptocurrency is certainly bright. Bitcoin will increasingly become valuable just by it's design! Many naysayers never thought in their widest imagination that bitcoin could sell for $1k let alone $60k. Now we know these prices have already been reached. As a Cryptocurrency investors, I see bitcoin reaching $100k and beyond and this will have huge impact on Altcoin as well! I believe this just the beginning of better days for Cryptocurrency!
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NFT hype may seem to be over, but you will soon begin to see it trending all over again in a very short while! Thing about Cryptocurrency is, trend usually does not die, it will resurface in the future. There are many designated usescases of coin or token that could trend, from meme to nft, Dex, defi, staking, launchpad, anonymous dark chain, to just about anything useful or entertaining! Cryptocurrency is very useful in various ways and when it is fully adopted, creativity will abound!
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More than fifty percent of altcoin I bought in 2014 are still very much around. I bought ethereum is still here, Wave coin is still here. Lisk was considered as a competition for ethereum in those days but unfortunately, was never materialized yet, the lisk coin is still trading after all these years. The question to ask is actually what makes coin worthless? Is it the lack of development or not having a niche market that is poise to create new uses or solve existing or future problems!
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