"Here's to the crazy ones, the HODLERS, the misfits, the rebels, the troublemakers, the round pegs in the square holes... the ones who see the market differently -- they're not fond of ATHs... You can quote them, disagree with them, glorify or vilify them, but the only thing you can't do is ignore them because they change things... they push BITCOIN forward, and while some may see them as the crazy ones, we see genius, because the ones who are crazy enough to think that they can HODL forever, are the ones who do"
Steve Jobs
As far as I understand, if you buy an asset, for example BTC, then this asset should bring income. As a result, you need to fix profits. But if you constantly be a holder, then when will it be possible to take profits? It turns out the eternal holder = no profit? Perhaps this rule applies to those who control the market, but even they, I'm sure, periodically fix profits, thereby selling expensively on the market and buying up an asset at certain moments at a low price. For me, eternal hold is not an option, so I always try to take profits so as not to get into a situation where someone takes my invested funds for themselves.
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NFT was the talk of 2021. Now if we look at floor prices for all popular collections https://www.coingecko.com/en/nft other than BAYC there is nothing that performs well. Cryptopunks are down big. Same for azuki, moonbird, coolcats. Collectors are now looking for good fundamentals, but how can NFT give it? Discuss? I think the point is not in the NFTs themselves, but in the problems that have arisen in the world and in the market. I believe that now many investors, including those who have invested in NFT collections, are looking for a way to save their funds or even get into cash. This has always been the case when the markets go down. As for the NFT industry itself, I think it will continue to develop and, as you rightly noted, this requires new, more interesting ideas. For me personally, it would be better if NFTs were more tied to real assets or even businesses, goods and services, then probably NFTs could surprise many in the market and attract more attention from investors.
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Todays current situation for Luna all my works just stop and cant belive whats going on with this scenario!! Lost too much in my life savings!! Now thinking about invest on btc at least there is no chance like 98% dump at least stable coin looking to more risky!!
You are right, the situation is very often unpredictable and you can lose all your investments in one moment. But on the other hand, this situation shows that investments in crypto assets are high-risk, which, on the one hand, can make it possible to get quick and big profits, and on the other hand, lose some or all of your funds. But if you still see a future with crypto, then you should choose several cryptocurrencies for investment. This way you can save some money.
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Lets assume Guggenheim's Minerd speculation on bitcoin having an ultimate bottom of $8k if it hits $30k referencing the "[U.S. Federal Reserve] being restrictive.”, Currently bitcoin price is below $28k and from the look of things this speculation might and might not be accurate but what if bitcoin price falls to this very dip. I am asking what will you sell to buy more bitcoin if this speculation ever happens or will you choose to sell off all your bitcoin due to FUD. For me personally, this situation is difficult, as it puts me in front of a choice either to sell BTC and get at least some funds, or just wait for the next growth. If the price of BTC falls to $8,000, then this will of course provoke some of the holders to sell BTC, since there will be a lower probability of a price drop, on the other hand, this will be a good opportunity for investors to enter the market and increase their amount of BTC at a very attractive price. So I think that everyone will act according to the situation.
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I have a friend who invests in cryptocurrency like me, he is an investor hold Luna and he has also lost quite a bit because of Luna. But what's more sad is his 2 best friends. Those two are also hold a lot of Luna's and Luna's crash causes them to lose all their possessions and become insane. As he said, one person has gone through the crisis and one has not. Those two guys who invested in Luna were all from my friend's advice. He said it was he who indirectly harmed them, money can be earned, but his friend are gone.
This is a sad story that I have heard. Through this story I want everyone to know 1 golden rule in investing is: never give financial advice to anyone. By the time you give them financial advice, you may feel like you're one step ahead of them, but if that advice is wrong, you could be the one hurting them.
Unfortunately, this is a very sad story that is repeated in the lives of many. This once again shows us that investing is not as easy as it seems at first glance, and that in order to be an investor, and also successful, you need to know the rules of this area. Give financial advice, of course, you can, but you don’t need to give guarantees that everything will work out 100%. After all, how does it happen? A friend sees what you earn and also wants to try, and here is an important point, you can give him advice, but at the same time you must tell him that he can lose all and part of the funds. If he is ready to take risks, then go ahead, if not, then let him not play this game. But in any case, it is a pity for those people who lose money.
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We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!
Indeed, BTC has already proved many times that after each major drop in its price, it then grew even more. However, some BTC holders are frightened by this situation on the market and this is a normal process, since there will always be those who lose and those who gain more, unfortunately everyone cannot be in the black in the market. But be that as it may, the situation is forcing many to make a choice right now and those who stand up will probably get more. For me personally, this situation with the fall in the price of BTC once again showed that you need to have several assets, as well as cash, because who knows what will happen tomorrow or in a week, and I don’t really want to lose everything.
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Proof of Authentication Post Bitcointalk Username: ven7net Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1099340Telegram Username: @venbusiness Discord Username: vennet#7870 Campaign Category Participated: Article, Twitter, Facebook BSC Wallet Address: 0x30798fA44b16cFB5fe88c26B62d8441EEF77Ed53
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Just like the BTC sentiment thread that I've been doing every month, I'd like to know what the guys who are mostly into altcoins are feeling with the market right now. But we'll mostly be talking about the top altcoin Ethereum.
So yeah, with the merge being postponed again from July to September, what do you guys think will happen? Will there be another postponement? How will it affect the price? Will 1700 - 1800 range hold or do we see another drop? I'm really curious what you guys are thinking rn.
As we can see, the price of ETH went down, which means that the information about the postponement of the merger was not in vain. Probably someone knew that the market was waiting for a collapse. But as I personally think, we are now witnessing a global market decline, which indicates that the next cycle ended in winter and a new cycle began, and at the beginning of each cycle, the market always went down and this fall will be protracted.
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It seems that every three to four years cycle new altcoins always takes a position in top 20 list on coinmarketcap, those who are leading the top 20 of 2017 are done for right now, only very few remains, now it seems this is what's going to happen in 2024-2025 too, now tell me why investing in a new project a bad idea? Cos I plan to look into new projects for the future instead, what do you think?
For me personally, new crypto projects, if they are really good, are really a great opportunity to participate and invest in them. What happened in the crypto market earlier and what will happen in the future can be very different, and therefore it is very important to keep in the investment portfolio not only old proven altcoins, but also pay attention to new ones, since everything new is a process of development and success. Well, what will happen in reality, I'm sure we'll see with our own eyes in the coming years.
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Proof of authentication: - Coinsbit registration Email: vovchik383@gmail.com- Telegram Username: @venbusiness - Campaigns applied for: Medium, Twitter, Facebook, Instagram, Reddit
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