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To be honest, I think the NFT Play To Earn trend is over, the proof is that many tokens in this category have experienced DUMP of up to -90%,
you can check on several exchanges such as Kucoin, Ftx or Binance, yes, this is because of the bear market and bear market will kill all of them,
so eliminate the dream to reach 50x or 100x, just 2x if you want to speculate
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~snip~ How long do you think the market will take to recover?
No one knows when the market will recover. this could take years.If we take a look year back, crypto will get its bullish moment when it's close to Bitcoin halving time. There's a lot of influence from external that makes the cryptocurrency market is on bearish condition like UST case, The Fed, and many more. Just keep patience until the next bullish market when it comes you or us will smile big  . That's right, the bear market often makes people depressed, but we also don't want to lose to the bears, we humans must learn from mistakes, because we know bears in crypto are much worse than any market, what we can do is waiting for market recovery, 2024-2025 I'm sure all holders can laugh |
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2025 is still quite a long time, but this is very interesting to discuss because the market is also bearish,
and I'm sure many people are experiencing big losses, just choose a coin or token that already has good fundamentals,
and has a strong community, then 2025 I'm sure too in the bull market this coin or token will also go up and is good for your portfolio
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At the moment I don't think it's a good idea to hold altcoins with low market capacity as you said, because the risks are very large and the possibility that we will experience losses, especially since we can't rely on great patience to wait for the price of the coin to rise again, and now the decline continues to occur then just wait until everything returns to normal and later we choose to invest.
I think you can buy tokens that have lost in price but that have a strong team and have been on the market for a long time, for example, the same matic.I am more than sure that as soon as the crisis comes out, these savings will give a tangible profit.But I wouldn't trust new projects right now. Either Matic or Solana we can buy it gradually and for long term investment, or maybe buy top coins like Bitcoin, Ethereum and BNB I think it's a good decision, at times like this it's too risky to trust a new project but it all depends on each person |
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There is always a lesson from big things, when we lose maybe we learn more than when profit, and the red market as it is now a good consideration for learning a lot about trading, studying trends and market patterns and this will make us profit in next day.
Yes it is a good thing to see current market conditions as a positive thing to learn more about trading, Currently it is not possible to make a profit in the short term, so it is necessary to wait for the market to recover |
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Do we need to wait more 1- 2 years then buy alts now before right before bull market kick in?
You will be rich after this Bear Market… Just keep buying at these low prices and hold! Meme coins are not recommended during this Bear Market… The ones that are down 70 percent are the ones that didn’t sell during the Bull Market .. Buy Low | Sell High | Rinse and Repeat When we get a bear market with a very high price drop, that's the time for us to continue shopping and get some good altcoins such as some high-ranking altcoins which are the most recommended altcoins for us to spend because the price of these altcoins when the BTC price strengthens again, the price altcoins will rise quickly too and in the long term it is still quite safe if we hold altcoins with high ratings. Yes in the midst of a bear market we should see it as an opportunity to buy some potential coins, so stay calm when the market is bearish and use the moment to make a profit, the most important thing right now is to be patient and wait for the right time to sell it |
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Stable coins is not an instant way to reduce poverty, if everyone is distributed $ 1 billion there will always be poor, maybe to buy a cup of coffee it takes millions of dollars, because the law of the market will always apply namely demand and supply.
Things like that will certainly create a new problem, namely inflation will certainly occur. so to overcome poverty of course is not that simple, many parties need to be involved to overcome poverty, especially the government they must make the right policies |
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are you seriously trusting this Meme coin? though it made a trend last year yet this will take long before making its way back to where it is last 2021 , and seeing 80% drop? that is a risky idea to keep holding mate.
I believe and I am ready with all the risks. i already said that i bought the shiba at a cheaper price and i bought it with cold cash and ready to lose. Shiba I hold for the long term. Nothing is impossible, crypto always surprises. Exactly mate, I also Keeps my SHIB nowadays as the price is really cheap and accumulating more now, and even if this took me years to profit? at least i know where my funds are going because this coin will stay long in our market , Meme coin are permanently part of this investing so keep an eye in cheapest prices . By looking at the current condition and the current price, there is really no choice but to keep it, selling it right now would be a loss and we wouldn't know what would happen to Shiba in the future, to be clear, it's better to just follow the developments Shitcoins does not have a future in the long run, it only pump due to hype, but selling at the current stage is also a bad idea because price of altcoins are very cheap due to the heavy dumps that we are witnessing now, although it's a shitcoin/s, we still have to be patient and always sell at the right timing. Selling when market conditions like this will only make us lose money, so maybe consider carefully before deciding to sell it and remain patient to wait for the right moment, but what is clear is that it all depends on each person's decision and they have to decide for themselves |
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Learning is always positive. Maybe if you don't get what you expect there is nothing to lose. Moreover, if any money is spent for learning, it is never counted as loss. How much you can learn by taking online classes depends on you and the instructor. In this case, the more you search, the more you can learn.
not everything we learn is of course absorbed well and can be immediately useful with desire, but I agree with the colleagues above that learning will always have a positive impact. learning can be through the help of others by taking the classes we want, but it can also be by studying on the internet which may be free and can be adapted to what we need. but in principle learning is something that is very good and useful and will always be a positive thing in time. It will take a long process for us to learn everything about trading and every knowledge that we absorb from resources will help us grow. We might not use all of them but they're applicable in some instances. Yes, the internet has a lot to offer when it comes to learning to trade. Online books and video tutorials are available but you should have the dedication and willingness to learn so you could understand them fully. It will be challenging because trading is a bit confusing in the beginning but it's all worth it. That's how it is because trading is not just about buying and selling and there are many things we have to learn, high will is very important because then we will study seriously and maybe will be faster in understanding it, what is clear is that trading is very complex and the risks are also big |
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Actually traditional banks can switch to the world of cryptocurrency and apply cryptocurrency technology, it's just that all of this has a very high risk and of course blockchain technology if applied to banks can be wider and everything becomes transparent so it is likely that banks will find it difficult to make profits and will likely there is a reduction in employees because everything is digital and automatic.
Those traditional banks will also consider a lot of things and I don't think it's an easy matter to switch and implement blockchain technology, of course for us as users with the technology it will make it easier in banking matters, but on the other hand like you said that there will definitely be a reduction in employees and that is bad news for them |
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The cryptomarket is supposed to grow against the inflation due to its limited supply, but here the market is experiencing the downturn as the inflated currencies. The inflation keeps rising and it has come out big all of the sudden as people have started to move after a long term work from home. During those time period the food price rise didn't make a big impact. By the time the transportation too is limited and now everything is getting to be normal and the impact is getting high. It is a slow process to get solved. More countries will join the queue soon.
Bitcoin is seen as an anti-inflation asset, but with the current situation, it has not been able to promote that. High inflation leads to higher interest rates, volatile assets like bitcoin and cryptocurrencies will be under great pressure, people will sell and seek safe havens like dollars. In the long run, it is beneficial to hold bitcoins as the price of bitcoin always increases year by year but in the short term bitcoin is not a good solution to avoid inflation. So far, Bitcoin has not been able to guarantee it as an anti-inflation asset, in the midst of inflation that is happening in almost all countries, the crypto market is also currently back down and the price of Bitcoin is down to $22k, this shows that in the short term it is too risky and Bitcoin is not the right choice to avoid inflation as you say |
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A lot of new coins appear that is why it is necessary to monitor of the market to find new projects and evaluate their potential. It is necessary to carefully study the projects to evaluate its opportunities like this https://twitter.com/FibSwap/status/1515262917976936450Nobody knows how long will the fall of the market. It is very difficult to survive for the projects during the fall of the market and only best of them will be able to survive. The fall of the market is very difficult time for all cryptocurrency projects because there are not enough funds for development. That is why not all the projects will be able to survive during the fall of the market. Be a good lesson for a project that will grow later or will emerge later. Many changes are happening at this time. People are starting to be not so sure about the new coin they have because if their project development runs into big problems there will be the option that the token has no price. Yes, there are many examples of projects that end up like that and it's also a lesson for us to be careful in joining the project, a lot of projects were predicted to explode but in the end it didn't happen because the project development had problems and stalled |
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I'm DCA'g ETH, ADA, & VET. Towards the end of the year I plan to add more LINK, GALA, & MANA. I don't think it's time yet to buy meta coins. Too risky right now. But I've been researching and waiting for these low prices for 1.5yrs. if market turn bullish and stable above 33k than we may see good pump in Altcoin.
The next bulls can't be accurately confirmed right now even if you try to collect some very good and always good coins in the market, because actually that kind of thing won't be wrong for you to do as long as the market isn't bullish so you can get them all (cryptocurrency) at a price discount or cheap, but to ensure the Bullish market returns, I think it is still very difficult to happen in the near future. No one really knows when the bull season will come so it might be better to take advantage of the opportunity to buy potential coins, and still prioritize doing research first because it is important at least to minimize risk, it's better to keep abreast of market developments and movements |
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I imagine a lot of people in crypto. Everytime crypto sky rocket newbie talking how they taking out loans to buy more crypto... and its always when the coin is at its highest price ever. They think its gonna skyrocket forever? Never understood that kind of risk. Thats like someone that walks into a casino with 100k in money from loans thinking their gonna leave with 200k. They saw the long line of people going in and cashing out getting rich the last month and they fomo hard. Fomo right into forclosure.
That's I think it's important to have knowledge and skills before entering the crypto market, crypto is very complex and when the price reaches a high it doesn't mean it will continue to rise because at any time it can drop drastically, Of course, it will be a bigger risk if you buy it at the highest price, so do your research and analysis before buying |
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Can you be more specific what you are looking for?, crypto companies as far as I know they have nothing to do with gambling. It is normal for gambling sites to choose certain cryptocurrencies as payment methods and it has almost no effect on the reputation of those coins.
Crypto stands alone in carrying out all forms of activity, nothing can affect them, I know gambling sites that work with them, so certain payments use a system from crypto, and if it is considered to affect crypto in its reputation, maybe friends say it is necessary double check, so as not to misinterpret, I agree with you, that crypto is not acceptable to anyone, but they can work with any situation That's true because the gambling sites themselves are not part of crypto and they only use payment systems from crypto, so it's better to multiply references and learn about crypto in depth so that you don't get the wrong perception |
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Meanwhile, the pandemic has created new pharmaceutical billionaires, profiting from the monopolies their companies hold over vaccines, treatments, tests, and personal protective equipment, the report said. “As billionaires gather in Davos, Switzerland, in person for the first time in over two years, they have a lot to celebrate. During the COVID-19 pandemic their mountain of wealth has reached unprecedented and dizzying heights. The pandemic – full of sorrow and disruption for most of humanity – has been one of the best times in recorded history for the billionaire class,” read the report.
The gap between poor and rich was increasing time by time and rich people become richer because they know how the economics work while poor people are getting weaker because they have to spend and consume more energy on supplying their first needs, unfortunately. However, in some developed countries, the governments and some foundations will try to decrease this space. Still, because of the covid pandemic, the pressure increased on poor people and the gap widened as you mentioned. What you say is like the law of nature and poor people will not be easy to get rich because it requires hard work and many things too for sure, government presence is indeed very important in dealing with this problem and at least it can be reduced, during the pandemic all people are affected and the rich are no exception |
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Which price of a Litecoin is possible in 2022? What do you expect as alltime-high and price in end of 2022?
Litecoin has massively disappointed its investors during the past 2 years, it didn't reach where we all wanted to see it during the bull run of 2021. it is considered mini Bitcoin but it came down to Rank# 18 on coinmarketcap while it used to be on Top 10 coins in previous years. Taking all aforesaid factors of Litecoin, I think If Bitcoin market goes bullish in 3rd quarter of 2022 as expected then it can potentially go beyond $250. I think litecoin did its job well, looks like you are just looking for litecoin price appreciation to achieve your own goals and you are not satisfied with litecoin because the price is not what you want. Looking at the top coins of Bitcoin's contemporaries like bitcoin cash, Neo… I see that LTC is doing better than all the rest. LTC is not hyped but it is slow growing and steady, low volatility, I see LTC as a safe haven during bearish times along with bitcoin. Indeed as litecoin nowadays is showing good comparing to what had happened back in 2018 , now it looks like litecoin is being a good and generated currency and also updates are coming, LTC becomes a dark currency back then but now as it has new management ? i think there is lot to come to wait for this currency . Regardless of what it is, I think Litecoin is still one of the coins that has potential even though the price is still low, hope the development team can do something to push the price up, we'll see what will happen in the future on this Litecoin |
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If you are new to trading I would suggest to create an account in Kucoin , Crypto.com or Binance so you dont have to worry about the gas fee. If you have a long term mindset in investing I would suggest to go to pancakeswap but it is a little bit technical to learn.
Binance is a good option for every newbie, this is very friendly and you can easily understand how this platform works but without any trading knowledge, I believe you will still find it hard no matter what exchanges you are using so better start learning how to trade first. Choosing trading platform should only be your second priority since learning should always comes first. While without a doubt the selection of an exchange is without a doubt important as there are a great deal of scam exchanges out there, as you say this is secondary, the most important goal that any person that is entering this market should have is to learn as much as they can about it before risking their money, the money we have at our disposal is limited, however the market will always be there, which means it is better to take our time and only begin to trade or invest once we are completely ready for it. Choosing an exchange is indeed one of the important things we need to think about, Popular exchanges like Binance are the exchanges of choice for many people, besides being trusted on Binance it also has complete features, What must also be considered before entering the market is the preparation of all things related to crypto |
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That's how they work now, there are no other supporting factors that can make the project develop, they can't run the whitepaper concept, so the project development stage only reaches the listing and that's why I don't believe in new projects now, they only use investors to making a profit, it's really not impressive the new project that is now
The new project development team will now feel a little pressured by market conditions that are still not improving so they seem to have lost their direction in developing new projects and I think that is part of the risk they have to bear alone after getting profits through investors. And as long as there are not many enthusiasts for the current new project, the product development of the new project in the market will not be optimal at this time. Those project development teams will certainly rethink how the projects they are working on can survive in the midst of current market conditions, it's certainly a challenge and also a risk like it or not they have to do it, We'll see how far this new project will go |
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