One fascinating aspect of altcoins, especially the good ones, is the potential for significant profits. I'm aware that not everyone agrees with this, as there are often arguments that altcoins are just another form of 'shitcoin' meant to deceive and exploit people, with Bitcoin being the only legitimate cryptocurrency.
There are two different sides to this. Namely they are potential profits and also potential losses as a high risk. Because, however, altcoins have a much higher risk than Bitcoin. Indeed, sometimes they will easily rise and skyrocket at one time, especially new altcoins. However, not everyone is able to see this chance at the right time. The mistake is that they enter at a late date, when prices are at their highest. And in the end, they will fail because the altcoins will not be able to return to the price when we bought them, especially if in the end the altcoin we bought experiences a rugpull and becomes a shit coin, this will be the end of our investment. Well, only those who have many years of experience in the crypto market make sense of it and can intercept possible projects that will showcase huge pump-like bullish. Unfortunately, we all know and are aware that altcoins couldn't be the same as Bitcoin which remains valuable, unlike these altcoins where the majority of them turn into scams after the surge.
We can't generalize that altcoins are fake but yes, most of them are worthless projects. That is why we should be cautious when choosing them and must have done research before investing. Yes, that is why I said some coins are doing well regardless. Okay, let's take a look at SoL and the much impact it gave itself after many falls to $8. Currently, Sol is eyeing its way to $50 soon. That's why I said most likely, altcoins listed on exchanges give a 50% possibility of saving someone from getting a scammed token |
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Our comprehensive effort has led to the compilation of over 50 paid crypto groups in one convenient location, simplifying your research process. Our goal is to offer access to the most exclusive paid channels in the cryptocurrency space, ensuring you receive valuable and precise insights for your trading endeavors.
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Is this one place paid or free? If it is free, share some of this information here and leave the user to join your group. However, if it is paid, there is no difference between your service and the rest of the groups, and in view of the negative trust in your account, it is better to provide some data for free. In general, crypto signals should be a hobby or something free unless the user wants to pay you as a donation or for additional data. Edit: after reading @poker player feedback it is better to say away from any paid service from this userI'll keep saying it! Crypt signal group or personnel is a no-no for me. I would rather use copy trading on exchanges where I know my money is safe and I have no fear of getting scammed |
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There is no commission offer on Binance. I do not notice anything like free trading fee or anything like that. Unless you use BNB for fee deduction and you will have 25% discount in fee.
For marker and takers in the spot market, the fee is 0.075% on Binance.
0% fee for USDC pair on spot trading on Bybit
0% for spot trading on MEXC.
I think bybit is not offering 0% fee anymore I read at https://www.bybit.com/en-US/promo/global/zero-fees-spot/Step Up Your Game Start Small. Earn Big. All With Zero Fees. Campaign has ended. other options? I guess so, I found this exchange support free trading using coupons https://www.bitget.com/support/articles/11678672728473-Bitget-Coupons |
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I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
Buying more depends on you and how financially stable you are as well. Bitcoin I know for sure would rise, if you would want to follow up the idea you did say, is best to try a DCA method so you won't end up buying the high or you can try Dual Investment too. It will give you ah automatic buy when ever price gets lower |
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I want to know why there are so many pairs available to trade on exchanges.
Crypto exchanges usually aim to rake in as much profit as they can from trading fees. <cut>
so trading directly with a bitcoin pair will save me fees in any way?
It's kind of obvious. Each individual trade comes with trade fees. The fewer trades you make, the lower your trading fees will be. How will I profit if the prices of altcoins match those of bitcoin?
Do you know how triangular arbitrage works? That's one way to do it. When I trade with the BTC pair, both will rise and fall simultaneously.
That will rarely happen. While both cryptocurrencies may follow the same price trend, it doesn't mean that the prices will change simultaneously. When bots are involved, even milliseconds can make a difference. I could agree to the fact that most crypto exchanges charges higher when it comes to trading few. But there are few out there that uses coupon to offset this trading fee. I think if all exchanges could implement this, maybe trading might be less expensive for all |
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Altcoins are real and I don't think we can say that altcoins are fake because the evidence is already there and many altcoins that exist today are circulating so that indicates that altcoins are real but when talking about profits and fraud it is different in terms of context because in the end we already know that most of the altcoins or projects that exist today are hoaxes but we cannot say that they are fake because altcoins are real. I guess for this comes from our thinking because at the end of the day even if we don't believe in altcoins it doesn't mean that it is something fake because at the end of the day there are still some projects that are running and still viable like some of the big altcoins like ETH, BNB etc. But on the other hand we also have to realize that even though we don't believe in altcoins, it doesn't mean it's fake. But on the other hand we must also realize that this is only a small percentage of the majority that are indeed scams.
I don't really like being in altcoins right now because I am fully devoted to bitcoin, but I don't think that altcoins are fake because there are still some projects that can still run even though I am not in them.
Maybe what the OP can conclude about alts is that most projects are not real as the devs behind them are here only for profits. But there are still few that have actual use case just like you mentioned, ETH and BNB. This is why every user should be very cautious in investing on any alt, particularly the new ones because they have a very short lifespan. Yeah, precisely and most importantly, some coins that also get their way to a cex standard could also have some achievable progress in the long run that's why I do prefer trading on a cex because I know there's every 50% possibility the coin listed won't be a rugpull |
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Some altcoins or let's say that they are many now that are becoming fake and being soft launched in the market. They're just testing the waters if they're going to become popular and gain volume. But not all of them are fake, we know that there are legitimate ones and are being used by many like the top ones. If you're in the new ones, you'll have to deal with the risk that they bear usually when they come out freshly to the market. So if you have earned like the new releases and they're being listed in good exchanges, you won't call them fake because you earn upon dumping it.
Yes, there are fake ones but how we can filter this type of deal is if a good cex gets to list the token at the long run |
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One fascinating aspect of altcoins, especially the good ones, is the potential for significant profits.
agreed it might be tricky to spot the ones with really good potential especially if they had just been launched but i believe being able to identify a potentially profitable project is something worth having and will definitely help you in the long run some might not believe in altcoins but we need to remember the primary purposes of altcoins and that is to improve on some aspects of the leading cryptocurrency
Identifying a good coin requires thorough research, and more coins are continuously being developed.
exactly, a lot of altcoins have high offers of profit and a really bright potential cryptocurrency is not only limited to bitcoin and Ethereum and especially beginners don’t know this hope everyone understands and appreciates the vast world of cryptocurrencies Yes, it is very tricky to site good alts if we are trading it on Dex. Sometimes, if one is lucky they will escape rugpulling. What I do when it comes to trading altcoins is, I wait for coins that will be listed on a cex, and with that, I take full advantage of it and search more about it such as that TIA now |
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I am a 20-year-old student. Not long ago, I heard a famous cryptocurrency expert in Korea on YouTube. He said, "Bitcoin investment seems to be late, to be honest. I'm sad, too. I think 2018 was the last chance for ordinary people." This makes me feel depressed. That expert started investing in bitcoin in 2013, and he encouraged his acquaintances to invest in Bitcoin, but at that time he said everyone thought he was crazy. Honestly, as an ordinary college student, the price of Bitcoin now feels too much to buy. If it's the price of the early 2010s, I might have bought it through a part-time job. I'm so pathetic and depressed because I didn't know Bitcoin quickly. What should I do?  You're not late. If you wish to invest in Bitcoin, you can do that when BTC hype has reduced a little. Don't let anyone deceive you. BTC for me is still early in the economy sector and if you wish to own some units you could still make it in the long run. All you need do is either use Dual Investment to catch up with all lows or use DCA |
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I don't know why every time what most people decide to do on the internet is to FUD exchanges. If I was still new to the system, I wouldn't have in-depth knowledge and easily listen to what people say. And I'm sure that's the feeling most have right now |
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The best that a trader can do is to never depend on signals. The best thing that a trader can do for himself is to learn, have knowledge and experience about trading even if he wants to use a signal or not.
As for me, I do not use signal because I know that the signal providers are only looking for ways to enrish their own pocket and nothing more.
If a trader follow the right thing to do in trading and is not greedy, he will make money from it.
Exactly or even still, if they are occupied and won't have the chance to look at every trade, they could make use of these exchanges Binance and even bitget known for their copy trading to get what they want. All these paid signals sometimes ain't real |
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Over the time, I've seen people wanting to go into trading because they feel or think is a get-rich-quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?
I would tell those newbies to take it slow, not rush. Maybe if they think they are been left out, they could try copy-trading as they keep venturing into other acts or if they think they don't like someone trading for them, they can try using Dual Investment. It is a very nice tool, and works like the DCA strategy it is a little bit safer than going all-in trading blindly |
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it is very important to be most careful while day trading when volatility is high, just as it has been in a few days now, this is specially for those who trade the futures market, trading futures is 10x more risky than trading spot, in futures trading, a simple miscalculation or failure to use proper risk management could lead to you being liquidated and all the money invested gone in a twinkle of an eye.
I am sharing this based on a story a friend of mine told me yesterday about how he lost crypto NetWorth in just one trade on one faithful day way back last upper year which is 2022.
According to him, he went long with all of his entire crypto NetWorth on an Altcoin because he was expecting the price of the altcoin to jump back up, after a news (which was later confirmed to be fake) caused the cryptocurrency to go down, but unfortunately for him, by the time he woke up from sleep the next day, on checking on this trade, he discovered that he had been completely liquidated because the price of the crypto currency ended up dumping even harder than before.
Anxiety and fear made me deposit more money and he try to see if he could DCA the dip and make some of the money he lost back, and at a point, the price reached his take profit target but unfortunately, the take profit did not fill before the price of the altcoin shoot up again and at end, he was liquidated again.
This experience for me showed that he was really inexperienced when it comes to trading futures, but the truth is that, such a thing can happen to anyone in times when volatility is very high, when price runs become really high, it makes sure to liquidate both long and short position in a matter of seconds and minutes, most especially, if you open a position with a very high leverage.
Best to avoid trading futures in times like this, but if you must, make sure you know what you are doing, and use proper risk management like the stop loss and take profit features, also ensure you are only trading with an amount of money you can afford to lose, and remember not to put all your eggs in one basket.
Happy trading ya all.
Risk management is crucial in the crypto market but why would someone go all in with their net worth trading? He could use Spot trading which is best and even if he wants to take the risk not with his net worth, he could try using a less risky method like Dual Investment or just not trade till he affirms the positivity of the market... I feel sorry for him though |
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Im on with notourious powerpump team yesterday they pumped yfi i made nice profit with them.
Tell me your experince about pump ? My experinces are good to be honest most of money i Made with pump.
I remember when ETC pumped i Made from 10$ to 500$ in few hours i don't Understood why people don't like pumps it's really great i have made real money from pumps.
Today poweroump team will pump LTC let's see how high they send it
Pump group? Man! You have to be careful, I have friends who have lost a lot from such groups. Although, I don't know how legit this one is, you have to be careful. Is best you get insights yourself from any coin you wish to buy. Even Binance, Bitget and some other exchanges do give insights into coins that do well. You can start from there if you wish |
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The rate of poverty across the globe is becoming worrisome. Many people are continually crossing below the poverty line to the state of depression. I was heartbroken seeing the number of people struggling to enter the US as shared by Elon Musk in X. Weather we choose to believe it or not, there is an impending global problem that if concerted effort is not put at addressing, there will be chaos. Is there anyway Bitcoin can assist in addressing this? I know many will think investment in Bitcoin is reserved exclusively for the rich or those who are comfortable; the lower class can actually buy as little as $10 per week. Majority of these immigrants are farmers that the quest for greener pastures pushed into these journeys. They can actually start small and build from there. Same goes for many people across the globe. Bitcoin offers unique opportunities for people who want to make decent amount of money and I have the feeling that if these people start investing in Bitcoin, we will see a rapid decline in global poverty. What do you think? I'm not sure Bitcoin could solve the world problem but is true that Bitcoin can help some people earn diligently. I have seen some doing good at trading and most exchanges trying their best to assist with different features like bot copy trading. But then, one needs something to do in other to assist themselves financially in the crypto World |
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Well, those people are already already rich, apart from the value of those Bitcoins, otherwise they wouldn't have been able to hold out for so long without selling even a part of them. I imagine that if they move them now it will be because they expect to sell with the expected price increase in the near future, no? I understand that this is the most likely scenario.
Yeah, agree. Retailers like us, all need to do In enable to meet up Is to know what and when these whales push out their money. Either I use DCA or Dual Investment. Anyone I think seems fit at that particular moment |
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One fascinating aspect of altcoins, especially the good ones, is the potential for significant profits. I'm aware that not everyone agrees with this, as there are often arguments that altcoins are just another form of 'shitcoin' meant to deceive and exploit people, with Bitcoin being the only legitimate cryptocurrency.
First and foremost, it's true that Bitcoin is considered the king of cryptocurrencies, and that status is unlikely to change. However, let's talk about the profit potential. Some coins, which we hold before the altcoin season, can provide substantial returns compared to Bitcoin. Speaking from experience, I held AGIX, INJ, RUNE, and ETH before the recent positive trend in the market. We can observe how much the market has appreciated, and it may continue to do so until the end of the month.
Imagine if you're the type of person who held these coins earlier, even when the market was in a downturn. You would understand how much you've earned just by holding.
Identifying a good coin requires thorough research, and more coins are continuously being developed. I recently noticed TIA listed on some exchanges and has been doing significantly well in price upsurge. Maybe due to the altseason we are in. But, If a coin has a strong community and utility, it's likely to perform well in the long run.
The essence of all this is that some individuals might not openly share this, but the world of cryptocurrency is versatile, and conducting in-depth research is key to achieving profits.
EDIT: Okay, it seems that many people don't fully understand what I'm trying to convey. Not all coins are fake. While I know that some do understand my perspective, let me clarify some misconceptions.
I'm not generalizing all altcoins as worthless. No, I understand that some individuals view altcoins negatively, possibly because they invested late during the coin's peak hype or chose the wrong coin.
The easy way to navigate this is by: a. Trying out Centralized Exchanges and conducting in-depth research, as I mentioned earlier.
How can this help you (I won't go into detail, but I'll keep it brief. When I have more time, I'll write a post on how to find profitable coins).
Steps to find good coins, as I mentioned earlier:
Using a centralized exchange offers security. Why is that so? There is a multitude of coins being developed daily on DEX, and verifying their legitimacy might be as low as 10%. This is why many people end up getting rug pulled when trying to get in early or buying a coin expecting it to rise. Those who do this are called "Degens." Unless you have mastered the method of buying a coin on DEX that favors you, what you buy is often referred to as a "Shitcoin."
By using a centralized exchange to obtain a coin, you have a 50-70% chance of avoiding a Shitcoin or a rug pull. The two exchanges I prefer for buying altcoins are Binance and Bitget. However, the latter lists more altcoins than the former, so I primarily use it as they continue to add good altcoins. The remaining percentage is for me to conduct my own in-depth research, including checking their Whitepaper, community, and other factors that can qualify the altcoin as a long-term or short-term hold.
So, it's essential to understand that there's always a distinction between "Bitcoin, Altcoins (offering both short-term and long-term profit potential), Shitcoins (promising quick profits but with risks), and Rugpull coins."
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It completely depends on our preferences as some of us especially newbies don't bother much about the account security as they only focus on aspects like user interface, trading volume and some advanced features like bot trading, grid trading, and margin/futures trading and only centralized exchange can provide these features but t the same time there are tenured and more sensible users who prefer decentralized exchange but this comes at the cost of limited liquidity (volume), not great user interface and minimal support compared to centralized exchange but with DEX one don't have to worry about the risk of the account being frozen, also it can be used at any part of the world as CEX has its own geo-restriction and they have total control over your funds as they have access to private keys and we have seen so many exchanges going bankrupt or owner running away with funds but DEX eliminates all these risks.
I prefer a hybrid model wherein I need the security and anonymity of DEX with user interface, advanced features, and liquidity but there isn't any such exchange available in the market so I prefer CEX only for daily trades and not hold.
Yeah, Dex could eliminate this but we should also know the risk that comes afterwards. I'm not against using dex thigh because I use one. I am at the look at on those that will save my assets. Like the exchange I mentioned above are my sure bet then uniswap |
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I do not know about the SEC than for them to do their work and regulate securities and exchanges. But the United States government will gain more because spot bitcoin ETF would be a way bitcoin can be easily be taxed and this is what you have answered yourself in your post. The SEC are working for the government and the government would be favoured.
Haha, you hit the nail on the head. I know all this while the SEC has been postponing this ETF, there has been something behind it. Like the thing is, will it also affect exchanges as I do trade with |
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I've come to realise that many people still don't understand that there are other cryptocurrencies apart from the bitcoin
Are you sure? I believe more people invested money in altcoins (alternate cryptocurrencies) and lost their money with altcoins than with Bitcoin. Altcoin communities are more noisy, actively shill their "potential" altcoins and if you check Coinmarketcap.com, Coingecko.com, thousands of altcoin will appear. It's hard to ignore them when you can buy them with cheaper prices. yes the bitcoin is considered a cryptocurrency but they're two things altogether, bitcoin is the supreme digital currency and all digital currencies around the world are known as cryptocurrency, it is an form of currency be it digitally or virtually that uses cryptography to secure it's transactions,whereas bitcoin uses a decentralized ledger called the blockchain to maintain and secure a transparent record of transactions.
This sentence is too long but contains confusing information and incorrect too. Both Bitcoin and altcoins use blockchains, very few altcoins like DAG don't have a blockchain. Difference is Bitcoin network is decentralized whilst altcoin networks are centralized. Not all altcoins did people lost their money to. There are other potential ones which I have a few in my radar. Is true that bitcoin surpasses them all, but we shouldn't refrain from the fact that there alts that gives cool profit. Used some of my Dual investment to get to most |
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