The bear market is a major trend for now, but that doesn't mean we don't have the opportunity to buy, we can take advantage of a bounce or correction in an area that has been determined by a trader, so that we can make a profit, but for that we can't be separated from practice and experience in trading. read the future direction of the market. therefore in any season there is actually a chance to make a profit
such a skill only merchants with great courage dared to do. Trading in a bear market is very risky. because no one knows the short-term potential of the asset being traded. if trading in such a manner is done by a reckless novice trading in bear season, it will surely trap him in a trade that will even force the trader to cut loss. It would be very risky indeed for newbie traders to trade but that doesn't mean they can't do anything, at a time when this bear market might be a good time to learn and understand more about the crypto market, other than that it's better to take advantage of this moment to buy coins and hold them until the market is bull |
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If the price of tron currency increases depending on the price of bitcoin, it will take a long time to rise later because bitcoin is currently cheaper. You will have to wait for the value of this currency to rise even if bitcoin is more than 30 the price of tron may go up further.
This kind of thing always happens slowly with all altcoins including Tron because when Bitcoin starts pumping at a very slow pace, then each altcoin will also increase very slowly so waiting for all altcoins at high prices will certainly be very long now. Bitcoin does have a big influence on altcoin price movements although not all of them, we can see at this time when the price of Bitcoin goes up again then it is also followed by altcoins, maybe we need to see Bitcoin go up drastically so Tron can go up drastically too |
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2 days the market continues to rise, and now the price of bitcoin has reached $21k, this makes us more optimistic that bitcoin still has a chance to skyrocket again, this is what distinguishes newbies and professionals, when prices drop, newbies will sell because they panic and lose while the professionals will continue to buy.
Experience is very important and a newbie certainly needs a process to reach that point, seeing the Bitcoin price rising again I think some people feel optimistic and that is normal, even so we have to look at it further because things like that can not be guaranteed and the crypto market is also very volatile |
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traders will know that it's time to buy altcoins, because I'm a trader too, and at the moment I actually bought 3 altcoins, the first one was Algorand, the second I bought Verasity and the third one I bought Nervos, please this is not Financial advice, still have to DYOR  |
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Trader's should do well to set a limit, I'll use this and if I don't get what I want, I'll stop trading or not trade with my reserved funds. Self discipline has a role to play here, trader's should build value's, and know the morals and ethics before jumping in.
Wanting more money also with the same strategy used initially might not work out in the second trial. A lot of things should be unlearned and upgrading of your trading skills. Truthfully, trading is never for the weak. So, watch it and don't trade with your emotions.
If we know how to manage our funds, control our emotions and set our target goals, we will be able to do trading the right way without committing too many mistakes due to greediness. One good strategy that we should apply is to set a limit and a target profit so we will know if we will stop or continue. Trading can't give us instant success all the time but we can take a step-by-step move to reach the successful trading that we want. feeling greedy is a human trait that I think will be difficult to erase, and if you want to delete it, of course, is learning, not only for trading, this trait must be stopped, but in life it is also like that, because greed will create disaster for us. |
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we must know the difference between POS and POW first before thinking that both are good algorithms for Ethereum,
and in my opinion Ethereum is much better using POW, and I think if Ethereum moves to POS, then Miners will also move to other coins,
this is what will make disaster for Ethereum, and there are already a lot of rumors regarding the next ETH,
on twitter they say Ravencoin will be a good successor.
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I wonder how? Hodl is not a bad thing and can also be said to be a bad thing, I am still confused,
I also Hold Bitcoin from 2018 and have sold it in 2021, and I also bought Bitcoin in 2022 and now still lose,
this is what makes me confused, dunno you have the option to hold
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The value of Bitcoin has several implications on the general cryptocurrency market. As the downtrend continues we've had a substantial reduction in the coin market capitalisation and the price of most altcoin are in their lows. I really do hope that there's a change in fortune as I see bitcoin approaching $15,000, in few days.
$15000 will be the last bottom and will be a very strong support in my opinion, because Bitcoin is also down 70% from ATH now, big investors like institutions too I'm sure they will keep the price of bitcoin, but I don't know because $20k is already broken and we are in $18k, hope there's a rebound this weekend |
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oh my god bro, have you never heard of the term (don't put eggs in one basket) because it's very dangerous. I just hope you don't do that. 30k usd is a very big amount and it's better to spread it all in a few top coins
That's right I agree with what you said because with that much money we only invest in one coin it's too risky, it's better to invest it in some of the top coins like Bitcoin, Ethereum and BNB, the coin will be profitable especially for long-term investment |
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Investment is like gambling, 2 sides, namely profit and loss, have the same opportunity, our mistake is to be too optimistic so we put all the money and even sell assets for investment, when a problem occurs, for example, the value drops, we will lose money, even what happened with LUNA has often happened in cryptocurrencies before.
Actually it's different when talking about both investment and gambling, in terms of investment we can learn it and it is clearly inversely proportional to gambling which only relies on luck, and to invest in crypto there is indeed a risk and we can learn it to minimize it |
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If this crypto market correction keeps going on is HEX a good altcoin to add into your crypto portfolio? I have heard about this altcoin for a long time now even while many believe its a pyramid scheme project but it doesn't look like one anymore, what do you think about HEX project let's discuss.
HEX is one of the several altcoin with no strong foundation and could collapse anytime. The present bear has taken a toll on the value and its almost as worthless as a shit coin. It's best to consider investing in bitcoin or any other altcoin with solid market capitalisation to make the best out of the market. Actually HEX is one good project but indeed at the moment with the bear market making it affected, we have to look at it in the long term because if we have to choose it I still doubt and not completely sure, and of course if you don't want to take the risk investing in Bitcoin and the top altcoins is the right choice |
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of course very useful mate!, but there are many trading platforms in the crypto currency world,
of course we have to follow only the best, such as OKX, FTX, Bitfinex, Coinbase and of course Binance,
you will feel safe if you trade there, and stay away from new platform, because many have been scammed
Yah, we have very many good exchanges whom we can trust, trade and store our asset. Binance, Coinbase Bitfinex, Wazirx are best exchanges to begin with for new traders. There have been more scammers in crypto on exchanges, new token implements and etc. Its we who need to review the platform or the project and invest / use the platform. All those who are new to this platform, kindly take time to research and get in. Unfortunately there are some low level exchanges which turn out to be a scam, but in crypto "low level" is still millions of dollars. What these exchanges do is they list coins and tokens that nobody else lists, the high level named exchanges that you mentioned do not list everything, so these low level ones have hundreds of coins and pairs that they list. In return, they get a lot of customers piece by piece from each of them, maybe they do not make a lot of money but they have a lot of money on their hot and cold wallets thanks to this listing. After a while, they get so many people that they just say "we are hacked, sorry" and leave with the money. things like that should be avoided, there are many examples that can be learned from. this will be different if we choose a trusted exchange like binance, a hacking incident has occurred, and binance returns all consumer losses, so that this exchange is increasingly well known and trusted by everyone, so it would be better for beginners to use this kind of exchange, than the exchange that low level in the end lose money because they state a scam Exchanges like Binance certainly don't need to be doubted because they are trusted, it is very important to choose the right exchange so that such a thing does not happen, better choose a popular and trusted exchange |
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To follow the current airdrop, of course, it is very difficult for us to find one that can indeed pay us fully, and there are very many airdrops that only take advantage of investors then they just disappear, if indeed you want to try then there are very many airdrops that we can follow on telegram then you just have to choose which one we are sure to follow, and on twitter you can also find.
We know that nowadays airdrops are not what they used to be and maybe only a few are worth following, besides that it is necessary to do research because there are so many cases of airdrop scams, at least that way it can help to filter from scam airdrops, although that doesn't mean we can be completely avoided |
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Most businesses rely on Bitcoin for transactions. They use Bitcoin to pay for goods and services and not for investment. Hence these business would do everything possible to bypass these restrictions imposed on Bitcoin by government. Bitcoin has so much benefits that have helped businesses to overcome many barriers encountered in international trade. Like in my country their is always scarcity of dollars and accessing it would take a whole lot of time. There are also limits to bank transaction and this has made businesses to suffer. Since Bitcoin is illegal in my country, most business rely on P2P and middlemen to bypass these restriction. But the best option would be to leave these Bitcoin unfriendly nations. But if those countries don't allow bitcoin, they won't be able to use bitcoin and only use bitcoin as an investment and not as a payment alternative. Maybe it's not time for bitcoin to be used as an alternative means of payment other than fiat because there are still restrictions in certain countries that do not recognize it as a means of payment. But if they realize the benefits of bitcoin for their business, especially the government, maybe they will try to apply it to the payment system so that people can pay using bitcoin. Yes basically every country has its own policies and I'm sure it won't be easy for Bitcoin to be allowed as a means of payment worldwide, it will always be interesting to talk about this because we know for ourselves that cryptocurrency technology is very advanced, We'll see what the future will be like |
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If I do see it at $35,000 I will take it. That's my buy point right now and while waiting I am trying to save as much money as I can.
You said it, we might not see it at a very low price and even at all the economic drops it still manages to stay at this value. More trust is coming and we can say this is the new world of cryptocurrencies where investors will purchase anything that is crypto related especially Bitcoin.
Don't expect 4 digits because that might not happen anymore.
yes you are right the lowest support point for bitcoin is at 35k, and it is impossible if bitcoin falls below that price. the past few weeks bitcoins have been dropping and have a look, none of them are anywhere near 35k. the price slowly rose after bitcoin dropped at 37k. this means the forces holding back bitcoin are enormous. so it's impossible for us to see bitcoin return to a 4 digit price. Contrary to some optimistic forecasts, now we see that the price of bitcoin has dropped to the current $22,427 and it is possible that it will continue to fall further. The $35,000 threshold has long been broken. There have even been predictions that soon we will be able to see the price of Bitcoin at $13,000. Earlier, after the price of bitcoin rose above $60,000, there was an opinion that bitcoin could no longer fall in price below $20,000. It seems that we now have a chance to test this theory. However, such theories cannot be used as guarantees and we need to see firsthand what kind of movement in the market, It is important to keep abreast of market developments and movements at all times, I don't know to what extent the price of Bitcoin will go down |
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No coin is best for cryptocurrency trading but you must take a position.We see different coins at different times which give people a lot of profit by trading in cryptocurrency.Here are some things to look for when selecting a cryptocurrency What is the trading volume of the coin that you will be trading in 24 hours?Whether there is a list of those good exchanges. There are also many other reasons why you can trade.Considering all these aspects, the coins that I consider trading are Bitcoin and BNB. I especially trade these two to three coins when trading.
What is clear before buying coins to trade is very important to do in-depth research, sometimes for some people they ignore it and it should be necessary to consider many things before buying so as not to be wrong in buying coins, when it comes to coins like Bitcoin and BNB there's no need to doubt it and don't forget Ethereum too |
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But i see it's still in developer or work step that will happen get. it is still in progress but you should continue to see the latest movements or updates from them. It will be great to see what will happen with all their plans.
If the intention is to invest in coins or cryptocurrencies, it's good to look at cryptocurrencies that already exist and are popular in the market because the products are also very clear like Bitcoin for example and the demand for it has not decreased because communities like Bitcoin are still very large at this time. Instead of having to spend more time seeing moves or updates from other projects because it will just take longer to make a decision. projects that are under development do have a high risk, but if you enter at the right time and reap success, there is not a small amount of profit to be gained. and to invest in crypto I strongly agree that it is better to choose a coin with high fundamentals because it is guaranteed and reduces risk for the future. Apart from that it also depends on the team because obviously it will be very influential when such a project has a good team, indeed the criteria for a good coin to invest, one of which is to have high fundamentals, for long-term investment it is better to choose a coin that has it |
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Many things have changed after Pandemi and inflation that occurred, now many needs are significantly increased, staple food, oil and home consumption costs always increase, if a year ago I was still comfortable with $ 300 per month now I have to spend more than $ 400 for standard living at my place.
Such is the reality of life and at this time commodity prices are increasing this makes what was initially $300 per month is enough now it feels less, almost all countries experience inflation and of course it will not be that easy to stabilize again, hope conditions and prices return to normal |
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Now I think many people buy because the prices are very attractive.Again, I think those who take in any case are very careful now because the market is still very unstable.It is even possible to earn money on short positions.
Keep doing research and make sure the decision is well considered, because in the midst of an unstable market condition like this, it is certainly quite difficult to make the right decision, so it's important at least to minimize the risk |
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