News like this reminds me of the possibilities in the cryptocurrency space. Who can imagine that a project with a networth of $3 billion few months ago would be bought for $25 million now. I doubt something of this nature happens in any other industry. Let's see if it would end up being the case or there are some other information that is undisclosed and has contributed to this development.
If we buy coins with a 95% discount on the bear market, then large capital makes similar purchases, buying projects for only 5% of the cost. In both cases, one goal is pursued, making a profit on the bull market. It remains obvious that FTX has more accurate information about the prospects for the revival of BlockFi, otherwise this transaction would not have taken place.
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i made a video guide to week 2 of arbitrum odyssey event for guys who prefer to watch instead of read
Undoubtedly, the Arbitrum Odyssey attracted increased attention among the community, which led to an increased load on the network and, accordingly, an increased cost of gas, which exceeded the existing commission on the Ethereum network. Considering the above, it was decided to suspend the Arbitrum Odyssey, which will be resumed after the launch of Nitro: https://twitter.com/arbitrum/status/1542159105946787840
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...I am thinking of taking out my initial investment when I double my money and just leaving the profit to see what returns I can get long term. Is that a common way or is it best to just take small amounts at a time? ..
There is no guarantee that your coin will increase in price by 2 times in relation to what you have invested. In addition, it is very difficult to give any recommendations without knowing what coin you have invested in. If you have chosen a coin for investment unsuccessfully, then you can completely lose your money, even if the market becomes bullish.
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This question is for those that are into crypto for many years already, does low daily volume means a project is bad? A project with good use case but still very young is now plagued with low trading volume, is this the end or there is hope?.
Daily trading volume is one of the main criteria for listing on a centralized exchange and, accordingly, its low level indicates that these coins are not of interest to investors. As a rule, a low level of trading is associated with low liquidity, which entails very high volatility, and accordingly a high risk from investing in such a coin.
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Guys, has anyone heard smth about Intelfin Group companies? I read the reviews, it seems fine. They work with crypto. The yield is around 13% per month...
You do not need to make an investment decision based on the advice of third parties, as you yourself must be responsible for your capital. But I still want to warn you against investing in such projects, since the profit of 13% per month looks too attractive for it to be true.
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I fully agree with you. I think I've found a memcoin like this recently. Of course, everyone should do own research, but it seems that the team and the community are very sensible about the market situation. In my opinion, this is a good time to buy just such a memcoin, because even if the prices on market will drop, the price of this token cannot, because it is only at the very beginning, and when the bull run starts, its price will certainly increase along with the entire market. https://www.pussdao.com/Which project team that "are very sensible about the market situation" do you write about if on the website Pussdao.com missing information about team members? And an anonymous team is a red flag for an investor. As a rule, the success of a meme coin lies in the shill of a well-known personality, which Pussdao does not have.
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... i am thinking to take part in the presale but i am scared of losing money so i need suggestions from you guys should i invest in it or not ...
How do you select such shitty projects, while the market gives a lot of opportunities to buy a time-tested coin at a reduced price. Buying new coins, and even more so meme coins, is associated with increased risks and you are likely to lose all your money. And accordingly, I recommend that you refrain from this kind of investment.
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...Some fans may think as you guess. But others probably think to get a lot of money by purchasing C. Ronaldo NFTs... Any product, including NFT, should be sold on the secondary market so that everyone has the opportunity to buy the NFT of interest if they did not have time to do it during the initial placement. It is the secondary market that will determine the true value of the NFT, in accordance with supply and demand.
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...Cocaine?
T9, fixed)) I think OKX is one of those exchanges that has less hassle as of now. I use it alongside Bybit, but I believe Bybit maybe the next target for regulators after what we saw with Binance and Bitmex
This is the natural course of development of any cryptocurrency exchange. As soon as the exchange increases the volume of trading, attracting new traders to its platform, providing them with various bonuses, it also attracts the increased attention of regulatory authorities. Regarding OKX, according to the rating of Coinmarketcap, it ranks second after the Binance "Top Cryptocurrency Derivatives Exchanges", ahead of Bybit.
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You should have 2 work plans in case the market continues to fall or turns bullish. And if the market starts to grow, you will need to move along with it and already purchased coins, but for this you need to buy coins now. And in case the market continues to fall, you will have the opportunity to buy coins at a lower price and average your position.
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I have suggested my favorite two exchanges kucoin and binance. I used kucoin almost five years and there is nothing problem at all and I am very satisfied. I used much in 2022 and it's binance. Now, this is my most favorite exchange which more facilities than any other exchanges.
I don't understand why no one has specified a cryptocurrency exchange Bybit.com in this thread. It is this exchange that can act as an alternative to the already named and well-known Binance and KuCoin exchanges. And if you care about your privacy, you should know that verification on the Bybit exchange is not mandatory.
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...though we all know that christiano ronaldo is really famous and almost everyone knows him, doesn't mean he could magically turns NFT into a thing again, but then again at least binance tried, maybe they just really want to make christiano ronaldo NFT.
A lot depends on the print run of the new NFT. It is this ratio between the number of new NFT and the number of people willing to purchase it that will determine its value. I don't know how many Binance will print them, but I can say for sure that the number of people who want to buy it will be very large, given the number of Cristiano Ronaldo fnats around the world.
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Disappointment comes only if your expectations have been greatly exaggerated. If a beginner comes to the cryptocurrency market with the sole purpose of quickly increasing his money without spending special efforts, then it is safe to say that he will lose his money and leave this market completely disappointed.
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The decrease in the load on the Ethereum network is directly related to the bear market and a decrease in the activity of traders. But do not forget that the load reduction is also due to the fact that many traders have chosen alternative blockchains with low transaction costs, which can return again when switching to POS.
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Time will come that it will skyrocket but not at the moment because the market is still bearish. ..
Most fans don't know terms like bear and bull market, so they will be ready to buy NFT Cristiano Ronaldo as soon as they go on open sale. At the same time, most fans, unlike traders, will buy NFT not for speculation, but as a memory of their idol and will be regarded as a new type of collecting.
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...so here is my strategy i hold alot of ustd>buy during the dip sell buy buy and buy again since am holding large ustd.
You gave an example of a classic successful trade, when they sell high and buy at a low price, but the reality is different. In practice, it is quite difficult to determine the bottom and, accordingly, the moment of buying coins, it is also difficult to determine the moment when it is necessary to sell them.
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If you have decided to buy altcoins at the current price, you should be prepared for the fact that the price will continue to decline and you will hold a losing position. And in the case of a continued decline in the price, you should have enough stablecoins left to get a good average position by buying altcoins at a low price.
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What platforms or websites do you use to track projects before your ICO? And what criteria do you use to invest in them?
I often join the launch events on Binance Or join the Huobi premlist which is much safer from fraud. For the rest, I'm not too sure about dropping money into new, little-known projects. That's one way I did join, there are certain conditions that you must meet. This method of selecting new projects is the most acceptable for a beginner, since he cannot independently conduct a comprehensive assessment of the project, and without this, such investments usually lead to loss of money. In this case, you can trust the opinion of Binance and Huobi specialists, who conducted a corresponding study before launching the project.
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The number seems impressive but how many of them have ever heard about crypto or even NFTs? Do you want a number of people who don't understand anything about crypto and NFTs to join the market? God, the FOMO and panic sell will be off chart.
This is really a real opportunity for those who were not previously familiar with the cryptocurrency to take up its study. And many of Cristiano Ronaldo fans will not be limited only to buying a NFT dedicated to their idol, and in the future they can become active participants in the cryptocurrency market.
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I don't know that anyone is getting much profit in this bear market but that's not the point. ..
In a bear market, you can earn by opening short positions using leverage. But most traders do not know how to trade with margin, so most expect further price reduction in order to buy coins at the lowest price. And this is the most difficult thing for a trader to determine the moment when the market turns to growth. Therefore, it is necessary to use DCA.
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