in my opinion the price of doge is not overpriced. When we look at the price of doge has increased very high. From $0.03 to $0.06, although doge prices have started to fall. But I'm sure the price of the doge could touch $1. Moreover, Doge coins are widely used by people because the transaction fees are cheap and fast.
Widely used? maybe the transaction fee is cheaper than Bitcoin or those other known coins but if you'll be more practical, there are more crypto that have this same feature. Doge influence belongs to pump and dump sets of people, more on hypes than usages without Musk this current value may fall for more.
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What is the next 100x coin that you would like to bet as little as $10 and gain as much as $1000? Don’t tell me there isn’t anything that can make you filthy rich, you just need to look deeper. Do you think DeFi or NFT would be next 100x?
Do those coins exist? Yes, can you easily find them before they skyrocket and you can get those kind of profits? Not really, if people were more conservative in what they were looking for and instead were happy to get 10x then they could find a number of coins that could move like that during the next months, but what happens is that they want to become millionaires by investing just a few dollars, and while we have stories like that in the market at the same time they are not that common compared to the stories of the people that have lost everything when looking for those kind of results. Compared to how many are those who losses their investment from finding such kind of projects. They are more investros and traders who made a mistake assuming that the chance of riding with those kind of project is easy, only to find out that in reality it's far lesser and the chance of losing is more higher than succeding to earn huge.
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Sadly at this momment i don't have any money to spend in crypto, my saving already i spend into eth in last month. Maybe i'm gonna buy more when i got my salary in the end of this month, right now my strategy in crypto is just buy more and more.
Good strategy! just keep doing your research when picking your target assets, most of the time those project that have solid foundation are the one who's good for long term investment while those pump and dump project may give you short term benefits but with high chance of losing if you failed to catch the ride timing.
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if you look at the chart, several times bitcoin has formed a pattern of narrowing and widening so that this indicates that the bitcoin price is in a less volatile position, so that with the many controversies that exist over bitcoin, including the chinese government ban on bitcoin mining, it can be said that the market position bitcoin is currently skewed in a bearish position and may take several months to return to the bullish price path.
Maybe not just months but possible to extend that since the bearish directions affects most newcomers decision making, there are people who are afraid to push thru, thinking that this momentum will continue, panic with wrong decision making leads traders to lose their invested money.
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I'm not sure of the market move. From my inner feeling, it looks like a bearish trend to happen then onwards. I'm expecting a massive fall by the mid days of August month. This is just a prediction based on what I've understood about the market. So the month of July is supposed to have a price close to $40k and fall gradually from that point.
Everything depdends from how investors and traders will work inside the market, if there are more pressures for bear to dominate the market let the cycle happens and wait patiently, bounce back will takeover once good news encircle around this market, more on speculations and self claimed opinions.
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nothing lasts forever, and every system is always replaced by a faster and better one, like fiat came to replace gold, and bitcoin came to replace fiat, and who knows about the future maybe we will have a new system that replaces cryptocurrency, but bitcoin is still early and it is still not adopted as much as we want, which means we still have a long way to go before it gets replaced, but in my opinion bitcoin is still not in a position to be used a full replacement to fiat.
We don't know what will happened next, chances that it will improve more is very possible but like from how you see things, there's also possibilities that new system will take place and replace Bitcoin, we can't assure that it will continue to exist, but hopefully progress and improvement instead of replacement.
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Not all Icos run as expected by investors [get big profits]. especially with the hope that if we buy at Ico we will benefit when the coin is registered. sometimes if we follow an Ico on a failed project [never listed on any exchange of coins they have] of course this is a lesson so that we are more selective when deciding to follow an Ico
Lsson to learned and serve as good basis before taking your participation investing with ICO's, there are chances that if you do your DYOR you might pick the right project but not an assurance since even you already deal with your research sometimes the the is not for real and they just made promises with their fake projects.
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Will also be affected a little. Bitcoin is the king of encryption, and the program code is open and transparent, so there will be new digital currencies that will continue to innovate in technology, that is, altcoins. Altcoins improve and perfect the shortcomings of Bitcoin. Some people will choose altcoins over Bitcoin, but it directly affects Bitcoin.
If looking for real innovation, alt coins can do better as it have more time to improved what lacking with bitcoin, though there are lots of scam projects which is not good for this industry but those good projects in the other hands impacting the progress and success as bitcoin still the benchmark of crypto market.
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That lame old China topic... They banned BTC like a 100 times already... If that has a negative impact, then what happened in Venezuela should have at least the same effect, the other way areond. so basically BTCUSD should be worth more, now where its an official currency (in venezuela). This is different though, they are now on the mining aspect of bitcoin and we still haven't seen the end of it yet so it's not yet safe to say that this attack by China is going to be really bad for bitcoin although I disagree with the title that China's crackdown is going to render bitcoin worthless. It's not only China who's working with Bitcoin, there are other countries who are also in this industry. Maybe this crackdown really impacted to the market in terms of price, but since there are also other players the price still decent, so it's not how the title looks at it, the situation still workable and we may experienced good bounce back.
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Accepted risks or mistakes, of course are often experienced, but from there.. of course we can correct what has been experienced. The point is that we can make experience the key to success in trading. Well, I've had a bad experience when I didn't know more detail the development of market prices in detail until I felt a little regret, but from there.. knowledge or trading experience increases and I can correct the mistakes that has been experienced.
You can correct if you are taking things seriously, the very reason how experienced traders got their edge against newcomers, they can handle the pressure correctly and they can work it out and adjust each time they've made their investment. It takes time and focus to learn how to handle each market movements to find the best way to favor your side.
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Will the rise of altcoins eventually lead to the demise of Bitcoin? Ultimately Bitcoin has been tested and it has a place in the crypto world. Join our discord https://discord.gg/pp7Jwsp9 for further discussions about this topic. Tell me what you think? Currently altcoins have good potential to replace bitcoin, ethereum, Cardano, BNB and Ripple are altcoins that have strong potential at this time. Personally I prefer altcoins to replace bitcoin because it will keep the market. Replcing Bitcoin still far from realities, maybe the dominance is now much lesser but it's still being use as the main benchmarks of all alternative coins that being created, naming some assets is not bad if you believe that by far the developments of those projects will attract investors support.
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OP is 100% right, this is not "ban" on binance at all, it is not even a punishment of sorts, it is literally just harder regulations in order to prevent bad people laundering money and that's it. Binance is already working on it and they are going to make a brand new version for UK, they are working with few countries I believe they have it in few places and that is just going to continue down the road with another one for UK as well, that is just the direction they are going, creating local exchanges so that people could withdraw fiat to their bank accounts from binance as well.
So, have one major binance, have a connection with the local binance, and then move money around between them for free and that's it, binance will be able to allow you to both use binance global and also binance local to withdraw fiat or deposit fiat using only binance. This is going to benefit binance more than anyone else.
Money will continue moving around Binance so for sure the benefits still on their favor, in regards to this concern, following your statements it drives the whole thing to a much better restrictions, to avoid being used as medium for those illegal activities they'll provide much better service that designed for UK.
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Experienced people absolutely know that Bitcoin price will start recovering sooner or later. There is no need to panic about something. Panic makes us do silly things. And it'd cost a big amount for us. Let's just be patient and wait for the next rally. I believe that the bull market will return after the summer.
Panicking is absolutely wrong, it will lead you to lose your money. If you are into this investment, better to look for long term goals instead of trying to play with the market, Bitcoin still volatile one mistake will cost you huge amount from your invested capital, make sure to do your DYOR before dealing around.
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I've invested lately on Vietnam based blockchain project and I saw on there old announcement that some Vietnamese government official is directly involve on the project. They launched many conferences too in there country with a strong support from there government. Vietnam right now are starting to adapt cryptocurrency technology and its a very good news.
That's a good catch if everything will materialize accordingly, if the government of Vietnam are really involve and they are looking forward to adopt this chain. It's another good addition to this market if the country will begin to go with full adoptions of this system, usages from this country will take effect once they've start to bring investment to this industry.
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if I personally choose BSC at this time, because the transaction fees from BSC are very cheap compared to Ethereum, especially nowadays many BSC projects are very popular and have a good potential to be used as long-term investments, so that makes me believe that BSC will survive and become more popular in the future.
With that advantage developers and traders are switcing between this two chain, but if you'll going to look now the adjustment that ETH made will also brings investors attentions, the fees are far lesser than before and they are in the process of bringing ETH 2.0, that might bring more interest to those people who are still trusting this project.
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Money is essential, it makes the world go round. Perhaps it is the root of all evil but it depends on the one who is handling it. if it will be used for good or bad, if it will help others or not. Many say that if you have lots of money you'll have many friends. but once you do not have money, one by one they will leave and forget you. We must make use of our money do not let it to be the root of all evil. God gave us skills and talents to use it for good and do good for others. People must not be greedy.
From that perceptions, it's rue that it will depend from how the person looks with his money, it's not an evil act if you use your money to help others and you do charities and express your kindness using those money that you have, but, in the other way around, this same money can work differently, evil things are also possible for peole that being move by their wealth.
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Influncer and Shillers are part of speculative price action, I doubt if a day will come when market will be immune to such practice. People love to be spoon fed and at such, they listen to people that will sell them lies. Little wonder you see lots of people falling for scam and pump and dump coin!
As it is really happening continually, there are people who are lazy not to deal with their own research and by trusting those influencers and believeing that luck will be on their sides once the market moves, no wonder why there are still many people who continue following Musk they are willing to ride with him and risk their money for him
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The market has turned to green now. There is an uptrend for now. But I don't want to be very excited about it. Because we've seen fake rallies many times. It's better to wait for more time to make sure that we've gotten rid of a downtrend.
The market still trying to bring the bull back and like what said, we should not be very excited as it can fall back and start moving down again, if you already have coins inside your wallet better to keep it and stay calm, if you can buy for more it's also a good chance if you understand the risk and you are willing to take your part.
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yes that's right, the highest price (ATH) of ETH is $4k, while the price of ETH is now stuck at $2k, there is a very high possibility that ETH can skyrocket back to the top and reach $4k again in the near future, all you need to wait for now is ETH 2.0 released
Since the beginning of this year, most cryptocurrencies including ETH have made the best in their own history and reached their ATH. However, ETH started decreasing from 4k to 2k and it seems ETH will stay at this price for a time. As you above mentioned it will change in the future, but we can collect ETH to this day. This coin has a huge potential and we should use this chance for earning money in the future. If we can be enough patient ETH will absolutely bring us success. Same run from the last bull, after reaching new ath correction happened and if i remember it right it fell to $80 before this year's run, imagine if you bought it out from that last dumped and you keep holding it till this year where new ath happened, wow, that's really a huge amount of money that you earned from this coin.
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No one knows what's going to happen in the future, it can bounce back in few days, months or even years. Even some so called experts have an analysis that this correction wont take long, still no one can certainly predict the future. What we can do now is to believe of the coins that we currently hold and fill our bags because this dip is an opportunity to accumulate more.
Dont stress yourself for worrying what could be the next movement of your coins, as long as its not a shitcoin then you can sit back and wait patiently for alts season.
Thats the real strategy, don't fill your bags with shit coins and you'll not worry that much waiting for the time when the market bounce back and hit your targets, best to keep yourself updated with every coin that you pick for your invesment, updates are very important to know what progress is happening and how it will impact the value of your investment.
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