Take for example ethereum. Even with its none fixed supply, it grows rapidly due to its use case so is other tokenomics of projects. ..
It should be remembered that after last year's London hard fork, Circulating Supply ETH increased by only 5 million coins https://web.archive.org/web/20210805135537/https://coinmarketcap.com/. During the same time, 2.5 million coins worth $ 8.5 billion were burned https://ethburned.info/ This indicates that Ethereum has not become deflationary, as expected after the London hard fork.
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A lot of shit coins out there have deceived people in cryptocurrency instead of them putting everything into Bitcoin they chose to was resources on shit coins and other stock, this set of people will regret not puttin100% into Bitcoin give them the next 5 years from now a lot will regret not getting on board on totality.
The cryptocurrency market is designed so that there is an opportunity to make a profit even on a shit coin. And those who got a big profit look at bitcoin maximalists with a smile. Others use their profits that they received from altcoin trading to buy bitcoin and thereby increase its amount in their wallet.
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...It has been popular. So regardless of it being shitty and is facing cases, it remains within the choices of many innocent users.
Until the judicial investigation is completed, a large investor will refrain from buying this coin. Those who buy XRP now expect a quick profit or are confident that the judicial investigation will end in favor of the issuer of XRP tokens. In this case, it is necessary to take into account the fact that this trial can last for years.
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...Also, it appears that the price of ETH is starting to fall.
This is a common thing when a coin is sent for correction after a rapid growth. For those who did not have time to buy Ethereum at the lowest price, there will still be an opportunity to purchase it for $1300 as part of today's correction. Let's hope that the date of Ethereum transition to POS will not be postponed once again, otherwise we may see lower prices.
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As long as you have done your due diligence then you can invest in those coins if you want, just remember that the altcoin market is way more unstable than bitcoin...
It would be wrong to generalize all altcoins, since we know that there are top altcoins such as ETH, BNB and others. It is these top altcoins that have lost about as much in price in the bear market as bitcoin. And the rest of the altcoins have really lost up to 95% of their value and they have a great potential to recover in the event of a bullish cycle.
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...What is this ? Not impressed ! I have not encountered such problems on this exchange. This exchange is used by me to buy new coins, of which there are a lot on this exchange, because unlike others, Gate.io conducts a free listing. Most likely, the problem is that you have incorrectly set the price of the limit order. Since POLICE has a low trading volume, you had to take this fact into account when opening a purchase order.
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How can a newbie invest in good altcoins? I know about BTC and ETH but I think I can make more money from altcoins instead of BTC and ETH, I did my research and I have a few projects in mind but I don't know if they are worthy..
To determine the object of investment, need to know the size of your budget that you are ready to allocate for the purchase of cryptocurrencies. If your budget is $100-200, then the best choice is to buy new coins. But in this case, you need to remember that such a purchase is associated with a high risk of losing your money.
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Not sure if the title explains it, but I've been tasked with finding a launchpad for our project that charges money but so far, I find all those crazy requirements and no talk about money at all, for us, it'd be easier to pay a fee and work on our project gradually than try to fix everything before being allowed into a launchpad or any similar platform... If you do not intend to change anything in your project, then you can independently list on a decentralized exchange. But in this case, you will need to independently bear the costs associated with the promotion of your project, which will be difficult to do without qualified management.
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Investing in new project in this bearish market conditions obviously risky although a new project which is strong enough in both technical and fundamental ways might be beneficial nevertheless I prefer to invest in already established altcoins for example Ethereum, Matic, XLM etc.
This is the main problem that an investor faces in order to find a new promising coin that would really solve some kind of problem on the network. And if we go back to the coins you indicated, then Matik really solved such a problem, which solved the problem of scaling in the Ethereum network. But what will happen to Matic when the Ethereum network switches to POS, will the blockchain Polygon continue to compete with the Ethereum network? And what will happen to the Matic coin in this case?
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If you open trades based only on your intuition and not on technical analysis, your strategy will be comparable to a casino. Using risk management, you can significantly reduce the risk of losing your deposit. And if the trader does not adhere to this, then his strategy will be comparable to gambling and as a result, there may be a dependency that is inherent in gambling.
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100$ is good enough to invest in crypto project, some people invested 50$ in Shiba inu at early stage and it turned into thousands of dollars, if this is what you seek for you won't be getting from Bitcoin that's a bitter truth that many aren't telling you, altcoins hold the key to massive profits than Bitcoin.
Yes, in this case, when the OP has only $ 100 to invest, you need to pay attention to new altcoins. The risk of losing money in this case is very high, but it is limited to only $ 100, but in this case there is a chance to increase your deposit by 10-100 times. Given the fact that the OP does not have the knowledge to choose a coin for investment, it will be like a casino.
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...So I want to know whether it is good to invest or DCA Dot? Or do I need to just wait till the breakout shows in Dot?
When a person like James Woods is behind the project, there is no doubt about the success of the coin. And now the market has given us a great opportunity to buy Dot at a reduced price. And if the price of the coin continues to decline, then you will be able to continue shopping, getting a good average price for the coin.
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... how can one know which bounty is a good to participate in?
If the manager uses escrow and the payment is made in bitcoins, then this will be a good bounty program with a guaranteed reward. If the payment for the work done is made in tokens that are not traded anywhere, there is a very high chance that you will waste your time in vain and, accordingly, you will not earn anything.
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...Scammers are on every platforms whether it's on binance, kucoin, bybit or any P2P platforms. Be vigilant.
But if you adhere to the established exchange rules, then even if something is not done as agreed, you have a 100% chance to get your money back. This applies to those exchanges that you write about, that is, proven exchanges that have a good reputation. That's why it's necessary to avoid shitty exchanges. "How to Avoid P2P Crypto Scams and Fraud" - https://learn.bybit.com/bybit-p2p-guide/how-to-avoid-p2p-crypto-scams-fraud/
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I want to trade this site so any expert trader here who already trades this site. thanks
It makes no sense to risk your money by acting as a tester on an unknown cryptocurrency exchange. See what an abundance of already time-tested and having enough positive reviews offers the rating of Coinmarketcap: https://coinmarketcap.com/rankings/exchanges/ In addition, most of the TOP exchanges offer bonuses for newly registered traders.
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...At least, we'll have Ethereum Classic to preserve Bitcoin's original purpose (decentralization/censorship-resistance). Who knows if miners from ETH flock to ETC once the PoS merge is completed?
The released capacities will definitely switch to mining other coins, and today the profit received from mining Ethereum Classic is one of the big ones. An increase in hashrate in the network will necessarily entail an increase in network security and, as a result, an increase in the cost of ETC, which will again attract miners to transfer capacity to this network.
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Cryptocurrency is one of the ways to get money by fraud. And for a fraudster, it doesn't make much difference what he gets as a result USD or BTC. Accordingly, the same methods that have been used in real life for a long time are used here. If we consider, for example, a ponzi scheme, then it has existed for more than 100 years and despite this, it is also effectively used in cryptocurrency.
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...By using Dollar-Cost Averaging method at the moment comparatively it will be less risky investment.
Or maybe it's still better to wait until a reversal pattern is formed and only after that start buying coins? In this case, you will still have a better average purchase price than if you started DCA with 30 thousand dollars for bitcoin. We can only say unequivocally that each investor adheres to his own strategy of forming his portfolio.
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DCA is better off than keeping your funds in fiat or stable coin. In market conditions when it seems the bottom never gets exhausted, DCA could be a better investment approach because it gives a new bottom price at different price intervals. I don't think DCA Requires any form of technicality since it doesn't require investing all your funds at once understanding charts only a plus to the technique but anyone can actually make profit with this technique
Any purchase must be reasonable and if you start shopping early, then DCA will not help you get a good average purchase price. I know one investor who has not made a purchase yet, and keeps his savings in stablecoins, because he believes that the market has not reached its bottom. Although most have already started buying bitcoin when its price dropped below 30 thousand dollars. Which of them will get the best purchase price will be known in the future.
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