Now that the price of bitcoin is about to decrease to $30 it will be better you sell now that the price is still $59k to enable you prepare more for the future.
Decreased to $30? Anyone who don't have a long term vision to bitcoin would be thinking about selling as it won't recover anymore. If you sell your coins right now, you have no regret about such decision than to be part of those investors that will be thanking God for the great opportunity.
That's if you're needing the money and use it for some meaningful things. But what if you've sold and you say that you're in profit and lately, you kept the money while watching bitcoin recovers back to its former price. |
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Ethereum.
Do not forget that after the last upgrade that has happened to it, transactions made over the ethereum network and with erc20 tokens, they're burning a part of eth on the fee.
It's a developing update and it's looking good upon understanding that it has a long term effect.
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I'll put that into bitcoin but as you don't like that option, you better keep that into its form. The peak of Dogecoin was quite high and it's not even there again.
If you believe that another ATH might come back to Dogecoin then you shall hold it again. But if not, just follow what you think is good without regret like trading it on Ethereum.
the best option is actually if you store in bitcoin or the best ranked altcoin, because it is true that the peak of doge will not necessarily be repeated in the future even though it is still holding up well at this time. but in the end it all goes back to those who have, because everyone will only provide solutions, of course it is not certain that the options given will be well received because it returns to the choices that will be made. It should always be bitcoin as the top choice. And those that are hoping that dogecoin might go back to its former ATH. We don't know but just to be sure is that don't expect for the best for it. You should've made a back up plan when you saw things didn't do accordingly. |
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I guess it's time to sell, then buy the dip.
You should have sold when it's on the top and it's the time to buy, the price has been dropping. You hold what you have and keep it while buying again. Well lost few hndreed few days ago longing this, arghhh Well, Bitcoin this year might hit 100k, or not but it will surely go beyond 100k in 3 years time.
The aim for $100k is still there and we still have the month of December before this year ends. So hold it if you can, well I bought bitcoin with $1200 sold it $1600, lol yeah back in 2015.
That's still profit for you.  |
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It has one direction and it's going up.
But with the market sentiment today, it will be sharing the sentiment to itself as well. It won't be an unstoppable pump for it and just as the normal market.
There will be traders and whales that will take their profits from it and will take advantage the good news.
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It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose
Stressful, yes. That is why people should ready from emotion to capital in trading. So they still can think clearly when face huge lose. It is hard yes but it is basic thing that we must know before do trading. If me i will take a break until i am really fit to trade again. Because if i still angry after my last huge losses, big chance i will do same mistake and it will only make it worse. When someone get to lose a lot. I agree, take a break. Investors don't want to stress out that much if they're losing. Instead, they're making a way to retrieve those losses and it's true reinvesting into another altcoin if they see some good potential that will give them good returns. The kind of thinking that will try to recover even after suffering from huge losses, you need to be ready and willing to stop and not to be control by your emotions each time you failed from this business, taking a break to think clearer and to plan your next entry is the right thing to do, give yourself a time to think deeper, dig inside you and keep that positivity alive. Trade back when you think that you are well prepared to compete again.  Aggressive or conservative, it depends on how you see your potential success. When you're eaten by your emotions, you're going to do crazy stuff that you haven't done before. You're likely to be fine losing that much money since you're already losing. But the fact is that you're tired and stress and you're just accepting what's happening to you without mitigating the situation which is very important as an investor or a trader. |
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It's joyous to make gains in trading. The problem is how does one control his mind when there is a huge lose
Stressful, yes. That is why people should ready from emotion to capital in trading. So they still can think clearly when face huge lose. It is hard yes but it is basic thing that we must know before do trading. If me i will take a break until i am really fit to trade again. Because if i still angry after my last huge losses, big chance i will do same mistake and it will only make it worse. When someone get to lose a lot. I agree, take a break. Investors don't want to stress out that much if they're losing. Instead, they're making a way to retrieve those losses and it's true reinvesting into another altcoin if they see some good potential that will give them good returns. |
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I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?
I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?
Depending on that small exchange where it is listed. There small exchanges that has good security and there are those that have been made just to have the fees and list any coin that pays them. You have to do research first on that exchange if it's a good one despite being small. |
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yup, don't be in a hurry to sell your assets, because if you sell them at a low price you will regret it,
because my experience is always like that, I sell MANA, I sell Doge, and I also sell CKB when the price is cheap,
and now the third This coin has experienced a drastic increase, of course this will make me learn more about the fundamentals
It's always like that. If you ever sell, you'll get to see that coin goes up so you don't have to regret upon selling it. Do not be in a hurry if you're about to sell. Always take your time and decide if it's worth it to sell it anyway despite you know that it might increase anytime. |
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I'll put that into bitcoin but as you don't like that option, you better keep that into its form. The peak of Dogecoin was quite high and it's not even there again.
If you believe that another ATH might come back to Dogecoin then you shall hold it again. But if not, just follow what you think is good without regret like trading it on Ethereum.
Bitcoin is the main Asset for me, there is no sense in increasing my exposition even more. Okay. So that's why you don't want to add any of it anymore and instead you want to explore with other altcoins. But you get to decide if you don't think that it's not essential adding it anymore. If it happens that you get to see the correction seems to be a good time of adding more then you should do that. |
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I'll put that into bitcoin but as you don't like that option, you better keep that into its form. The peak of Dogecoin was quite high and it's not even there again.
If you believe that another ATH might come back to Dogecoin then you shall hold it again. But if not, just follow what you think is good without regret like trading it on Ethereum.
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Yes you must understand regarding trading in order to remain effective in trading. It means nothing if you do not comprehend of trading when you begin. You should practice trading on regular basis. You should have acquire trading by viewing videos. You can also look for alternative ways to learn about trading. These are good plans to get profit.
Upon practicing. Do not forget to only trade with the amount that's good to learn lessons. You don't have to be on board already in trading with such amounts if you're in the learning stage. The plan of others may look good but application changes everything when you're already on the spot. |
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What do you think about burning coins? Does this really affect the market value of the coins?
Yes. The first effect of it is whenever there's a valuable coin that announces that they're going to burn tokens with a certain fiat amount, there's going to be a rush from buyers which will make the price pump. Second, after that rush of buying since it's just a temporary pump, the actual thing of burning is what's more reasonable than seeing it go up continuously. But to mind you, a lot of projects that have also announced their burning but not the same success as the others. |
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Definately if you are holding altcoins for a long term that can be a better for future strategy, patience is all the thing in this Market
It's a good strategy for the best coins to hold. But if you're doing that and you're holding an altcoin that you're not even sure what's with it in the future then it's a waste of time. but you should hold good stable altcoins which you take more gain in long term.
Why hold stable coins for profit? They're not for profit, you only take profit and convert them into stable coins if you've made a profit from trading to another altcoin. But saying that you'll get profit from stable coins, no. |
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Anyway, good luck to those who buy now, maybe you'll get quick profits, maybe not.
The lowest yesterday was $62,000 so if there's someone who have bought at that price but it's not that much that he has spent, it's just a little profit. The higher capital, the higher profit that shall get. While bitcoin recovered the firsts corrections, now we're about to see that it will recover to the next goal which is going back to $66k and going for the barrier. I'm sure there are many short-term traders who makes some good profits after this bounce, the market is bringing good hype again after losing some momentum, I'm afraid that there are also many loses which most of them are in the class of newcomers, they are the victims of this volatility, make sure to understand how the market works before you engage yourself into this business, it's very dangerous especially to those who are impatient. The market is a good venue to earn if you know what you are doing and you fully understand how to play with the situation, if you don't have that much, better to seek for good education first before you push ahead. Yup. It is for sure that many have made a lot during the bounce back. Those that have been losing, it's either they take that as a very big lesson of not going along with any hype made by the market. Because the next time they see the market on the same pattern, they're the ones that will capitalize the situation of the market and won't be a loser any longer. |
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Hi,
If a established altcoin within the top 100 ranking on coinmarketcap that still does not have social presence on reddit but on twitter then what does this indicate?
Socials on Discord and Telegram cant be taken seriously because these socials are private not public ideal for scammers correct?
Any social platform where these projects are staying and have their community shouldn't be ignored. So what if they've got thousands in discord and telegram? That's still a lot of following and they can just start out their FB/Twitter accounts for just the updates of the projects that they work on. It's just a matter of where they're being followed and where their community is staying. Of course obviously new coins projects start off on Telegram & Discord and over time build their social presence on the bigger public platforms such as Twitter/Reddit/Facebook etc. I'm talking about coins over 1 year old and are in the top 100 rank that have no Reddit presence yet. Compare that to newly released Super baby Dogecoin or Super baby Shiba Inu Coin that are ranked no. 9,999 and no.10,000 on coinmarketcap with just discord & telegram presence for example. Its easy to fool & scam 1000s of followers on discord and telegram but not easy to fool and scan 100,000s of followers or millions of followers on the bigger social platforms right? You're right. About having many followers on different social platforms is still the best for these projects. There's only one meaning on it that they've got a lot of followers. But it's not the basis of it on how we look at the goodness of these projects although it's really one of the factors that one can consider. |
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The current prices at any given time, how do you know if they are going to correct or are already corrected?
Like the prices atm.
No way of being accurate with that. But that's why there are methods of knowing if it's the assumption if the market is on a correction. The known method is by looking at the chart of it. You look at the peak and what's the lowest and compare it to the current price. |
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That's right.
It's likely that both of them won't be existing anymore by 10 year but it shall be Shiba Inu that shall be gone first. But for Dogecoin, there might still be a community that will have it alive.
To have these coins as part of your portfolio, it should be the amount that you can afford to lose.
Dogecoin was launched around December 2013, So it's almost 8 years old. 2 years short of your 10-year condition. I can bet anything that Doge will still be there in 2023 December. It's got a community of believers who have been there since 2013 of which it has even grown bigger. Doge has gone through different bullish and bear markets, it has it's own blockchain, As for SHIBA INU, what is driving it right now is hype. It hasn't tested the bloodbath yet, and it doesn't have its own blockchain. Just an ERC20 token Long term, I would still bet on Doge but definitely after we have seen the end of the current bull market. That's the condition for shiba inu. It's still haven't gone through a very bloody year unlike Dogecoin that has been with many of it. Just as the same with Dogecoin, it's likely the last meme standing. It's king of meme coins and will never get old despite a lot of new meme coins are coming out and shiba is likely next to it as per ranking. |
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Not one or the other of these ventures have a substantial use-case. They are meme-coins. Theoretical betting at best. I’d be lying on the off chance that I said I never possessed any. But fair a number of dollars here or there. These aren’t genuine ventures for genuine investors. And they likely won’t be around within the next 10 year.
That's right. It's likely that both of them won't be existing anymore by 10 year but it shall be Shiba Inu that shall be gone first. But for Dogecoin, there might still be a community that will have it alive. To have these coins as part of your portfolio, it should be the amount that you can afford to lose. |
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5% guarantee?
It could be that quite good percentage as it's not that much but telling guaranteed profits in volatile markets, I think that you've tested yourself from doing so.
If you can get guaranteed profit on your trade like 5%, I think I'd be better to keep it to myself and repeat it until I become rich.
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