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cryptocurrencies are not completely silent, because news about the adoption of cryptocurrencies is currently still low, so it is natural to be quiet,
news is also dominated by bad news such as war and world economic inflation, of course this also has a bad impact on cryptocurrencies this year,
maybe in 2023 it will still be the same, it's just that we might be a little surprised.
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3x or 5x returns when the market is bearish, of course it will be very difficult,
because all altcoins will also follow the Bitcoin price, Bitcoin Dump then altcoins will also join the Dump,
but indeed for now the altcoin price is already at the bottom, so it's not wrong if you want to invest in altcoins,
but remember the risks!, my recommendation is top 100 coins, RSR and ALGO.
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LUNA is currently a trader's favorite because the price of LUNA is really bullish, I don't know,
I don't trust LUNA anymore to invest there, it's just that trading is really worth it, because good news always comes from CZ.
Of course this is a good opportunity to collect as many LUNA as possible for a short term.
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Despite no serious bull in the market for sometime, I am thinking to buy more because the price at which bitcoin is right now I can be able to afford it. I planned buying when the price was at 40$ , the amount of bitcoin I planned to buy is a small quantity which if the market eventually go dip i may lost 30% of it. But now I feel even if I buy and it goes dip it wont go dipper the way the price is now. What do you think about my plan?
If you buy bitcoins when the price is at $40k, maybe your plan is not wise considering the current market conditions where the bitcoin price has decreased significantly and currently the bitcoin price is in the $20k price range which means you lose almost 50% of it. When the price of bitcoin drops like it is today all you need to do is hold it and wait for the price to move back up then you can sell it so you don't lose. In a situation like this selling will be at big lose, what is supposed to be done is to hodl no point to sell it. Sometimes in cases like this people sell their bitcoins at lose and the same person will still want buy bitcoin in the dip, why not just hodl the one that was lost due to the bear market to recover it when the market increase. People who sell bitcoin during a bear market usually tend to panic and fear that the price will not rise again. Whereas if they understand the crypto market they are not affected when the market situation weakens. precisely in conditions of falling prices, traders usually wait until a reversal point appears. Well, that's when traders start buying again and holding it long term. smart traders will certainly buy at the bottom price, especially if you see the current price of Bitcoin has also fallen -75% from its ATH last year, of course I think this is a bottom, from my experience more people want bitcoin to fall even deeper or lower, to $10k for example, then whales really makes everyone regret it. So don't let you regret. Follow the Whales. |
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If you look at the market conditions that have not recovered as now then I am pessimistic that the price of $ 4000 can be achieved, if the market can rise and determinant the market is Bitcoin can reach 2x or around $ 36K from now then the possibility of ETH prices can reach $ 2500.
Only dumb people who keep believing ethereum will achieve such rate. Those who believe it must have pumped the price of bitcoin to go to the 50k again to make it happen. That will make ethereum can achieve such rate easily without any doubt. The only problem is these days there are so many people who blindly believing in such prediction without even think how possible it is. for this year I don't think it will ever happen, because after the Ethereum Merge, Ethereum will become a new baby, the meaning is new problems, new developments and new holders will certainly come, and if you want new ATH of course it takes time, don't be too hurry, Ethereum is a good project, so don't worry. It Will be $4000 but we must to be patient. |
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At a time when the price of Bitcoin was 6000 thousand dollar, many people did not want to buy even if they could afford it. But today that situation has changed. There will come a time when an Ether can be bought for $25,000. Many people will remember this particular time. Those who are prudent will definitely hold ether if they have the ability to buy. And those who still don't buy will regret.
Not so long ago, ether was worth $200, but no one wanted to buy it either, because they thought that it would never rise in price again. If they didn’t buy it then, now when it costs many times more, they definitely won’t buy it. Probably there are holders who hold it until now, so they will keep it on if they believe in it, but I think that as long as the bear market continues, it will fall, despite the updates. when $200 they are afraid to buy, and already $2000 they buy it, because the nature of the trader is Buy High Sell Low. this is why many people lose because of it. Of course we have to eliminate this trait and make sure Buy Low Sell High is the thing to do, currently the price of Ethereum is at $1300, my advice if you want to buy Ethereum can be done gradually. |
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...Just look it this way, this is the first time that the SEC will lost a case against crypto projects, so this will set a precedence, "A Ripple effect" across. SEC can't file any more cases against projects and says that they are security or any projects for that matter.
You're starting to celebrate Ripple victory over the SEC too soon. Until we see the decision of the federal court in this case, we cannot claim that Ripple has won over the SEC, because we may see a completely unpredictable decision. But in any case, this decision will be used as a precedent in the future. There is a curtain in front of the eyes of a person who is a fan of a token or a coin. XRP fans are too much involved with the coin and this blocks them from seeing the risks, well there are risks with almost every coin, except maybe bitcoin. However, XRP has some legal ones, not just risk of what they would do but literally what SEC would do to them, which is something that is not up to XRP to decide, and that means we could see it crash without doing anything, and that's a risk that people should realize. In these cases, I always assume that the risk doesn't worth it, and if you invest into something else it would be a lot easier solution. We can't blame them since they are a hardcore fan of XRP. Maybe they earned a significant amount of profit from shilling XRP that's why they are still doing it today. Risk is there but I think XRP fans are hoping to make there supported coin rise it's price by having their support. One thing is for sure, XRP community is strong and never fazed even with the issues it faced before. I admit that the XRP community is indeed the best, because they are really loyal to the Ripple project, even though the worst bad news on XRP is the delisting on top exchanges like Coinbase and Binance, but it has been proven by Ripple that they still deserve to be there, and as a result XRP is still there. traded on Binance and still ranks 6th on Coinmarketcap, of course that's still pretty amazing for a project that's really having problems. |
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this is the right time to buy polka dots, why delay if this is a golden opportunity?, you can see the truth through the chart,
because the highest price of DOT was at $54 and now DOT is only at $6, of course this is a good opportunity to invest in DOT.
yes even though the OP said people staking on DOT have reached 50% more I think it will have no effect on the price of DOT,
and maybe if there is another decline there will be $3 and I believe $3 is a very strong bottom.
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1 Bitcoin has reached the price of $19k of course for that price not for everyone, but we need to remember that everyone can buy Bitcoin and can store Bitcoin,
so why think about 1 Bitcoin? I believe Satoshi Nakamoto made Bitcoin not to think that everyone can buy 1 Bitcoin, but that everyone can have Bitcoin,
therefore the smallest unit of bitcoin is Satoshi, so I think Satoshi is for Everyone not 1 Bitcoin. Am i Right?
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Today Luna is experiencing a Pump and trending on Twitter, for some reason even though this coin is clearly a scam,
and their founder Do Kwon has also been proven to be a suspect, why is Exchange still supporting it?
even exchanges like Binance recently said that they support burning Luna, of course because of this news luna Pump, my advice is to be careful.
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I think the price of Bitcoin at $18.5 has strong support, and September will also end,
of course October is predicted to be a bullish month for cryptocurrencies,
my prediction is that if bitcoin is able to stay at $18k then there is a possibility that $30k can be reached in the next month,
get excited and keep holding on!
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According to coinmarketcap, there are already 27k more altcoins, of course, compared to 5 years ago, the growth is extraordinary,
and obviously it will confuse investors to choose the best altcoins,
but the fact is that a lot of scam projects are also listed on coinmarketcap, so be careful, especially new projects.
I will recommend some altcoins that I think are good, CRO, VELO and CKB.
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if you want to grow your trading with bigger capital. I guess you only need to make a smaller withdrawal than the profit you make. it's like you are developing your capital to be bigger gradually.
when you get a profit then you can enter it again for your larger trading capital. and you can do it repeatedly. this method might work if you don't trade for daily profit. especially for your needs. if you withdraw the profits you make and leave your capital with a fixed amount, then your trades will not progress.
I agree with your opinion, because indeed if we withdraw large trading profits, and only leave the capital unchanged from before, then the capital will definitely not increase. and I think it should be added, by using enough money for daily needs and only buy what is really needed. I think that if the capital is large, there is nothing to worry about, let alone add it, because if you add capital, of course the risk that must be faced is also greater, it is better indeed with enough capital to be able to earn profits every day. |
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Snip.
You are right that dollar cost averaging(DCA) can minimize those regret and could bring a cycle where we can manage our regret after the dip gone . But even after having the DCA strategy, everyone feels a little bit of regret if they lose the deep hand, and I think it will be from emotions in the life of all traders And I think there is nothing wrong about on it . I am one of those who believe that we must not Put our emotion when we are in trading because this brings wrong decisioning as we have seen and I also done this before so i learned my lesson. Just invest and try to add your instinct instead of emotions , because with that? the more safer we will be in our trading activities . bringing emotions into trading is very dangerous, because if we think about mistakes and regret them we will get a thing called greedy, a nd greed will make your trading even more ruined, because you are not satisfied with the profit you have |
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It's crazy that some people in my country keep purchasing GPUs due to the price decline. I don't even understand because in the city I am living, I am paying around $0.25 per kilowatt which is so expensive for mining. Some people in my country are expecting a new coin profitable to mine. RVN and ETC aren't that profitable compared to ETH. Lately, I am hearing about this coin called Kaspa which is fast and is on the rise although I haven't checked it yet. I just think the electricity rate in the place I am in is not good for mining.
They may be being motivated by the past stories of the people because back then they were just randomly mining Meme coins like Doge and they hit the jackpot. That's possible but the risk of not getting back your capital is pretty high. With the high inflation right in some parts of the world, people are more into taking risks than doing nothing with their money because they have a chance to change the course of their life and they taking advantage of the opportunity to get out of poverty. One of the ways is mining those new coins which might become expensive in the future. The higher the risk, the higher the reward but the chance of losing is even higher, especially if they would choose to mine unestablished coins over Bitcoin. People nowadays seek hope in crypto mining than storing their funds without profiting. We're in the midst of a crisis and as much as possible, people prefer looking for better ways to earn despite the risks that they will be taking. currently mining is much more wasteful because it requires a lot of energy to be spent, such as electricity, and of course we have to pay for the electricity, that's why Ethereum is really making things that can change the world, namely changing PoW to PoS, I even wonder if Bitcoin can also change the algorithm from PoW to PoS? Of course it will be more interesting if Bitcoin changes to PoS |
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Just wanted everyone's thoughts on how easy it is to get bitcoin now, and what getting bitcoin might be like in the future? For example, I can simply go on cashapp and buy btc, send to a wallet I own the keys to. I can also use localbitcoins, paxful, I mean the list is kinda endless. Will that list become...not so endless in the future as the value gets higher?
What i will encourage you is that to get your Bitcoin and hold since the price is stable in the market. And since the market of Bitcoin is fluctuating, i believe that Bitcoin have its own of propaganda, investing on it doesn't require much thing or deal, because i believe that Bitcoin have its way of increment. Just think of the future of Bitcoin and invest on it. That's my advice for you. the future of bitcoin is still not clear, we also don't know whether the future of bitcoin will also be bullish again and reach a new all time high, yes we are indeed required to be optimistic, but we also have to think realistically, because if bitcoin really will never pump get to new ATH, of course we can accept it because we have a plan B |
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The entire crypto market is falling again today, but is this the first time? Didn't it fall the same way in 2021 before the new ATH? And remember what was the level of greed and fear at $40,000 a year ago and now? I see this drop as an opportunity to buy fundamental tokens at a good price. I bought NEAR, Sol, Aurora, Harmony, Link, ADA.
Also a good reason to believe that this is just a correction is the fact that the largest venture capital funds continue to invest money into the market. For example, a month ago Three Arrows Capital bought 156K ETH, or just recently A16z, Alameda, Three Arrows Capital held another round of investment and invested $150M in NEAR Protocol, which indicates that serious guys like a16z and Alameda still believe in growth.
Everyone said it’s the doomsday for crypto. Why do you think it’s just a correction? maybe if we look further back, we can see how crypto once fell at its lowest point in the 2018-2019 period when etherum even dropped to less than $100. With large investors still entering crypto, maybe we can be more optimistic that the crypto market will rise. Panic always brings harm . So patience is the big key to get good from cryptocurrency . So to get the best out of cryptocurrency we must patiently hold our invested tokens or coins until our target is reach. Then this will be our big success in cryptocurrency. Otherwise we will never be able to profit from crypto If you are only patient and have no knowledge of technical analysis, of course it will also be dangerous, because in many cases traders buy at high prices and be patient to hold, and in the end they lose up to -90%, of course this is very detrimental, panic it not always dangerous, especially when panic selling when the market is dump |
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if you want to get more than 100x profit of course avoid top atcoins like XRP, Ethereum or Binance,
choose altcoins with medium cap or low cap and make sure you buy not all your capital $1 million into 1 coin,
because of course it will be risky, make portfolio max 5 coins only, maybe $200k each for 1 coin,
my advice is, LTO Netwrok, ORN, OGN, VITE and RNDR
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