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Hard to tell, for real. To be honest I was expecting a crash early this year due to the belief that it is a norm in this market, which is evident from the past. And surprisingly, the market price of cryptos are continuously increasing this year. Market value of most cryptos are breaking barriers and it is somewhat giving people worries, that anytime, a crash could occur and there will be no signs of when will recovery occur after that. Giving a hint that the downfall took more than a year to totally break from such resistance way back 2018. Investing at this point is quite scary given that the prices are still high. Personally, I'd choose to wait for a little longer before making an action whether to invest or sell already.
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Ethereum is the 'biggest' altcoin in my opinion, not in terms of its market value but to its large community of users. Ethereum is always believed to be the 2nd topmost crypto in this industry and such idea will not be created without having a 'basis'. So if the argument is to replace or 'kill' ethereum, I think at this moment no other coin will have a chance. Also, there will be no such thing. Even Bitcoin which is the strongest will not be able to do so. Simply because there's no such motive in this industry. Cryptos could Co-exist with one another and without mandating an investor to just choose a single crypto to invest.
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Rich people do always take advantage of every opportunity that will generate profit in order to make their network larger. BUT I guess things are not the same in this industry. it is impossible to predict the next crash because the market is volatile in its nature. Also, it will be nonsense for them to sell crypto at this moment with anticipation of the crash, because if that is their motive, they are also throwing away the opportunity to earn more given that there is always a tendency for the price to go up. Maybe, those who are selling at this point are just securing the profit and are not aiming for more, as simple as it will sound.
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My advice to friends (based on experience) 1.Buy as much as you can 2.Buy on the floor, but do not wait for correction or fall. 3.Do not do anything for the price of tetra and dollars… 4.If it comes down to a short time that you bought at a reasonable price…. 5.If it comes down in the long run and stays that you did not lose in the long run, everything will be cheaper than the dollar. 6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose If you have any suggestions, let us all know so we can use this experience. Thanks  xv Buying as much as you can is the way to go because the bitcoin market price is pumping through years and it's difficult to get a high volume of bitcoin when the market price is too high in the market. thats why he put it in the number one because it is the best tip among all tips that he numerate . your tip was also noice , i think this is the pitfall of many users because they wait and hope for the fall of the price thinking that they can save but what happens is that they only waited to see the price getting higher . the 10k era is gone and we are now in the 40k era , if i were them i will buy now before the 40k era dissapeared and replaced by 50k era . Not yet assured of things in this market knowing that the market is volatile in nature. Consistency is lacking in this industry and the market price always has the possibility to fall everytime. Possibility is just possibility and we do not hold any assurance of the next movement. No matter how we want this market to behave in a way in accordance with our own likeness, the market could behave in such way even in the most unexpected way. In my perspective, I am anticipating a downfall, in order to be able to invest more in this industry. The price is too expensive at this moment, and many investors are now anxious of the next movement. |
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Projects need to offer a coin for their project because in such way, they will earn profit from doing so. they won't release a project for no reason and that is ofcourse earning from doing so.In such way, they will also boost the platform of their project in a long run. They are simply making a community of users in their project. Because the basis of the cryptocurrency industry today is the use of blockchain, and besides in the creation of financial instruments, I do not see any other application, but it is also necessary to arouse greed in people to warm it up, it is she who develops this market today.
I disagree that the crypto market develops greed. If you think so, then the whole business of the world was created by greedy people. Each of us needs money and everyone is looking for a way to earn it. Greedy people in most cases lose their money, and smart investors take profit from profitable investments. finally scamper like that will not get anything for longterm in case if people not learn from their mistake. but its impossible they will learn and can avoid scam project like that, unfortunately new people will always come to crypto that why scamer always been there for newbie. Asking someone about something won't always cost you that much especially in this forum wherein interactions are anticipated among users. Scams do indeed exist because there are people who are continuously getting scammed by those people who are taking advantage of the ignorance of the new ones. |
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if you support a good project. and from the start you have participated in their token investment, you should have a plan when you sell and buy.
measuring the best value would be difficult. because the ability of the market can be beyond the reason and predictions that we do. If you have made a large profit, I think you should choose to get out of your investment and switch to another asset. try your luck in other projects.
Long term vision in a project is important to determine whether potential is present for a crypto or altcoin perhaps in this case. If the platform or the concept is already sketchy in the first glance then that should be a caution already whether to invest or not. Altcoin are believed to be good only for short term, but there are still altcoin which are surprisingly existing in a long run. Despite of an unequal ratio of the good over the bad ones, I think it is just the market analysis that would matter. There are good altcoin and there are not, so better not to be easy on choosing the good ones or if possible, the best ones. |
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Cryptos are decentralized, meaning, taxations are not implemented in every transactions. Governments has no control to most of the cryptos. There are indeed fees in this technology but those fees are only observable when making a trade or by transferring crypto to USD or by simply selling it. It also varies depending on the exchanger or the third party network (in some cases). And such thing is just a normal thing unlike with taxations in fiat wherein governments are the one who are in charge of the taxes garnered from every person. And I think this simply shows the difference of the two currencies ; fiat and cryptos.
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No guarantee, still. How sure are we that the market price will be continuously growing? Or that Bitcoin will be the only digital currency to be still supported by the majority? at his is a long interval and there are many things that could happen ; a crypto may arise which will both earn the support of the governments and users in this industry and this long interval is enough to fill the gap on its further development. Also, what if the price become stable at a certain market value due to further regulation by the governments, perhaps $55k is its ceiling? We just don't know what Could happen, and we may only guess, so I think this is hard to be something someone who wants to invest at this moment, to hope for.
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If it can break over 1800 dollars, I am sure that it will also break over 2000 as well, it is definitely something we could hope for and I am pretty sure it will happen. I am not saying that it is a guarantee, but we are looking at something that is wildly possible here, price hasn't stopped going higher and higher for the longest time and I think we could potentially reach to a level where it is inevitable that we go beyond that 2k price easily.
We are waiting for those rich people, if whales of wall street starts buying ethereum the way they bought bitcoin, that will result with price going to 5k+ levels as well, some people may think I am crazy but price of ethereum is easier to go up right now, bitcoin moved 4x at such a huge level, why shouldn't ethereum do the same, I am not saying everything else will stay the same while only ethereum go up, but I think ethereum will go higher faster than everyone else.
Ethereum will be on that price. When ethereum price can break $1,800 and it is no other big barrier, the price will increase higher, and although the price is making a correction, the price will try to increase. Hopefully, the situations will be back to good again, and I hope that the price will break the barrier to increase so high this weekend or next week. But to reach $5k, it will need more time because that will be 5 times than the price now, so it could need more than 1 or 2 months again to increase. Seeing how positive this market still on the second month of this year, gives high hopes to this industry on the present. The resistance alone is already something to celebrate because there were even thoughts before the previous year ended that a correction will again occur in the market prices of crypto in the first week of January, just like what happened in the past. I can say that we are still in a bullish market at this moment and prices may again be broken but it I'll be hard to say whether things will occur in a few days given that there are instances of high rate of increase as well as low rates. But I guess, Ethereum breaking another ATH is possible for this year. |
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BNB, SFP, and ETH I think, are good ones to invest at this moment. One will be having higher rate of increase, and one is having a quite stable at a certain point of market value. Depends on your preference for your investment because it could either be for short or long term holding. Also at this moment, many altcoin are having price increase so you may also consider other coins in this market but just be sure to check all of the necessary things before totally engaging into alts. At this moment, I do have bigger holdings in Bitcoin but I do sure check other investments such as in alts.
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If I am also one of the employees of a company or government that will make a change in the way I get paid, I will also choose to just receive my salary in Bitcoin payment since I already know about crypto / Bitcoin and I know its trend.
Good thing it is just optional and it not something of a one-way choice. I do respect your take with this scenario but In my case, I'd choose to receive my salary in fiat rather than in Bitcoin or other cryptos. I do support this technology but salary in form of crypto will also mean it would be part of your crypto investment. I still prefer putting a certain amount into this technology to be held for a period of time and not totally all of my salary because there is a tendency for the market price to fall and I will be needing my salary to suffice my daily needs. I'd rather invest 20% of every pay off in order to regulate my investment in a way that I will be in control of it, just to avoid that much of a risk. |
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Wisest thing to do is to engage in the huge names in this industry to lessen the risk. Those coins won't be popular without a reason but it won't guarantee you profit in an instant. There will still be tendencies of loss in which you will work with, in order to come up with profit eventually. A thousand would already be a huge amount to invest and with that being said, you may also consider diversifying it into different cryptos. This will both make it risky, and more profitable. coz if you will have bad choices, it I'll result to bigger losses. Also, know the fundamentals in order to be aware of the movement of their market prices.
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At this moment, some altcoin are also having price increase but I still doubt that a correlation exist such that Bitcoin's market value is directly affecting the market price of the alts. Wherein there are times one is increasing, and the other one is either neutral or decreasing. There are also times wherein both are either falling or in upward motion. The market price is just dependent with the demand itself as well as the market volume. Dominance over the other one? Well I guess that's not how the market prices, work. I do view it as a market movement in general, and not mainly dependent to only one crypto.
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There are huge names investing in this industry. Reason? It could be because they do trust in this market, or they benefit from its advantages. But above all these, they are aiming to make their money bigger ofcourse. But these people are not only investing to cryptos for sure. They are also having real estate investments and businesses. It is more of maximizing opportunities to make profit from investment. Their difference to most of the investors in this industry is that, they won't hurt that much whenever the price is falling down, unlike to many small time investors who are relying to the profit from this investment. Having these people in the ride, and influential figures at that matter mind you, really drives people's spirits up, not only those that are already on the cryptocurrency train, but most especially those who are still yet to decide whether to invest in crypto or not. As years go by we'll encounter more people like these on the list along the way.
More likely to happen, especially now that the popularity of crypto investment is now getting larger. Domino effect in a sense that one huge name will engage, then the others would follow. |
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When should long-held alt coins be sold? When to sell even when we are in profit? That doesn't make sense. Let me know if there is a suitable alternative to this issue.
I think the time is right to sell assets that we hold for a long time when the Altcoin price has reached the ICO price or has approached the ICO price. however, not many altcoins are able to return their price to their ICO price once they are listed on the market. so you better sell the altcoins after the price reaches 1/2 of the ICO price. most importantly we can get a little profit rather than not get anything. Just sell if you are already satisfied with the price, if it is increasing and continue holding if you will just suffer from the fees. I have many altcoin holdings from ICO projects before and even if I can sell it at this moment, it is just not enough to cover the hard work I've used to earn them, not to mention high fees on exchanges which will just be a waste of time doing so. I decided to just keep them in my wallet as a remembrance. But if you do feel that coin has a future because of the project itself, choose to hold and wait. And if not, and also you are aiming to cut the losses, then do sell those coins. It will just be your choice as an investor or user whether to sell or just hold. |
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Likewise with scrolling the whole day in social media websites. Isn't it also a waste of electricity? Some people will say it is not, because they are enjoying their time doing so. And that is already the logic, there is a purpose from everything. This may be a bit far but my point is that, if something is useless in your perspective, it might not be in other's view. The reason why there are still people who looks down in this technology is simply because of lack of knowledge about it. They just know a little about Bitcoin, that's why they are not seeing its benefit as a currency and as an investment at the same time. And we cannot change that unless they will have initiative to do so.
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Every year there are changes that's happening in the market, just look back ten years ago and see what used to be there that are not here now and what are not there, that's very popular now it's easy to predict what's going to happen in two to three years but a decade we never know, there could be a better technology that will soon come out or Ethereum will be ten times better, it's hard to speculate ten years from now.
Indeed, there's no consistency regarding the market price. There will be a year wherein it's market value will be high and year wherein it will be lower than the previous one. So speculating for such long interval won't be possible to determine its future market value. Ethereum is quite performing better than most of the altcoins even if it is not having the highest market price. I could say that it is less volatile than most of the altcoins, and that maybe because of its large community of users which contribute to the demand-supply relationship. Bottomline is that after 10years, its market price could either be higher than the present or lower. |
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late last year I bought ADA and TRX. I am too speculating because I did not do the analysis first. but now I have felt the results on these two coins, especially at ADA. it is also possible that TRX will get the same moment for a pump in the next few months.
I like to speculate with some assets at a low price. now I began to see AOA, which many say is not a potential asset. but last year it was very expensive and now it is very cheap. crypto has a cycle that is hard to believe. but we've seen it happen over and over.
ADA is quite having a good time at this moment but I'd still go for ethereum as an altcoin to invest for this year. It has proven itself over the years being always considered as second or next to Bitcoin which is valid I think especially in terms of its large community of users which will always be its advantage whenever the market is bearish. There are many altcoin at this moment which are showing huge potential, but as to how ETH made a 'name' in this industry, there's no doubt it is having a good shot to invest, I'd say always. But since this market is volatile and unpredictable, decisions will surely be having second thoughts on the possible outcome. |
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Bullrun I think, is an idea about this market which affect people in this industry regarding their action. It is kinda law of attraction, perhaps. As long as people consider the current run in the market as bull run then it won't stop although there are projects, the institutional money is slowly running low so we are having a problem on that department, there wasn't any big price dump but at the same time there is not big pump for awhile so I think that we are hovering between the end of bull run or it could just be a spring waiting to be pop back higher than the last time.
This is also my idea. The law of attraction I have mentioned is somewhat like this. As long as people are viewing the market situation as a bullish run, people will keep on investing, then the price will continue increasing,making this run longer Things will only change, which happens most of the time, when whales try to 'manipulate' the market or when huge amount was transferred to one wallet from the other one which could influence the price temporarily and will just be in a longer state if investors will be affected by that 'change'. So to answer until when will this bullrun last, it is just hard to determine how long this increase will occur given that there are many factors contributing to overall influence of this industry this year. |
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Seems like the opposite, happened. But that's no big deal. The market is just unpredictable in the first place which is why I do wonder why many people are making absurd opinion, such as its market value will be below $20k or its price will be $100k. Can we just let this market move? There are many discussions having the same topic and I know most of the people who are making such topic are well aware that there's no consistency with the market price of cryptos and speculations are just guess. when op post this im not thinking that the price will fall but if it will fall i wont be surprise .
what surprises me this week is when the price starts increasing again because i thought btc will remain stable for a few weeks and months but now that the increase finally happen ,
im now thinking that the prediction of the op will start to take effect and that will start i guess by the next week starting this incoming monday .
It have started already. But conclusion is just hard to make, the market is just playing ups and downs. |
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