Low market cap coins are where it's at, look what happened to odyssey in the past month, it did a x4 and nobody was even expecting it.
Usualy this only happens to pumped coins, but Odyssey genuinely seems to be gaining momentum.
search the bottom 500 market cap for strong community coins.
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Everybody wishes the same, but if that had actually happened the market would have been damaged beyond repair.
Be patient, a recovery happens always, it has shown to be strong enough to recover numerous times in the past and will do it again.
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Don't stop, but definitely change your tactics, holding onto things long term can just completely fuck you.
Keep your trade small and trade often, the market is always moving and there are always opportunities to grab some profit.
ALWAYS ALways ALWAys Have a stop loss set.
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You should be happy you're not in a 70% loss like the people who bought in at $20k.
What do you think you this was? A get rich quick scheme? I bet you did.
Now you have realized that you can't just buy in and ditch crypto or you'll get wrecked, like just did. Only invest if you believe in it long term, or you can also get wecked short term.
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Most of them wont, it's a dog eat dog world right now, and all the shitcoins will be where they rightfully belong.... in the trash,
I think that we only need a few coins, perhaps ETH, EOS, BTC and Monero, they can perform pretty much all the future functions of blockchain, and have the user base necessary to pull of an expansion.
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That's one of the main problems with a lot of the newbies that come to this forum, they think that Bitcoin or some other cryptocurreny is a get rich quick scheme and they can just invest what little money they have and walk away a millionaire in a couple of months. Not gonna happen, you need to grind if you want to strike it rich, this is not a passive income opportunity anymore.
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The only people that really complain about the dump are those foolish enough to buy ICO tokens during this time.
bounty hunters don't care, they just dump the hell out of whatever they get at whatever price they can get, almost alwaysselling out below ICO price because they are a bunch of brain dead goons.
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There is a tug of war going on between these two right now, whoever ends up having the higher market cap doesn't really matter, but it will always pale in comparison to BTC. Personally, I feel that ETH has more rights to be in the number 2 slot that XRP as it has at least produced the ICO and smart contract gaming boom. What has XRP done? Pretty much nothing at all.
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Well that's exactly the goal of cryptocurrency, to produce a single currency that is useable anywhere.
The fact that you needed to make a thread asking people to imagine this just goes to show that you really have no imagination, or that you are just desperately posting for merit.
Whoever gave you merit for this thread is obviously an idiot also.
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What a stupid poll, did you just create the laziest thread you could possibly think of in an attempt to get a little merit?
Obviously you're presenting your poll to an extremely biased audience on BITCOINtalk, what are you expecting the outcome to be?
Why not include some up and comers like Lisk, Qtum and Aeternity?
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This is not the best place to discuss trading strategies or even look for advice. The vast majority of users on this forum surprisingly have little to no knowledge about cryptocurrency, so you're just shouting into the abyss. You might want to try reaching out on a traditional trading forum, as it is quite common now for traders to trade both markets.
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Unless an altcoin has an absolutely fantastic team backing it, you would do well to stay away from altcoins.
In the current market it is like a gladiator tournament, only the ones with the right tool kit to survive an increasingly dangerous environment are going to make it to the end.
If a project is struggling to reach its soft cap, you know you have made a mistake.
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There is a reason it is called a trollbox bro, the answer is damn obvious. Nobody in there is trying to help you, they're trying to convince you to buy their trash bags that nobody wants. A troll box is possibly the worst place you can possibly go to seeking advice, and you will likely lose a lot of money if you let those idiots get into your head.
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I invested in XRP when it was around $2.20, it is now well under $1.... For a cryptocurrency that apparently has such remarkable potential, we still haven't seen any indicator of it. Just a lot of broken promises and failed expectations.
I still don't think XRP has been accepted by ANY banks, literally not one is using ripple for their international transfers, though I would love to be proven otherwise.
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Bitcoin was forming a wedge pattern over the last month or so, so it was clear that either a big break up or down was coming. Since there was no good news around, the tendency is to follow market sentiment which is bearish. All the luddite idiots remain bullish, making the market easy pickins for savvy shorters.
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Long but true. People need to be much more careful with the way they invest their money.
In finance there are terms called fast money and slow money, investing in cryptocurrencies is definitely fast money, high turnover, high expectations and fast ROIs. Slow money is more suitable for long term investments like stocks and bonds, and should not be applied to volatile market unless you are a thrll seeking idiot.
Keep it smart, play safe and don't give into FUD/FOMO
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I definitely do not bother with technical analysis, I don't believe that there is any mathematical patterns behind the waves of the market, however if you look for a relationship between two or more lines for long enough you will eventually find something that appears to be a predictor of future moves. This almost always turns out to be wrong however, yet you will never see the TA channels admit their failures, as they only show the predictions that matched on their media.
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I am personally not a fan of DEX's, though they seem to be all the rage now. Most DEX's don't even perform the most basic of security checks before listing a coin or token, leading people to easily being scammed by faking smart contracts and copycats. I don't think we need anything but Binance and perhaps Bitfinex for those random pumps
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Nothing about this month has been close to great. Bitcoin has flopped between $6000 and $7000 multiple times, seeing extremely volatility, and almost all alcoins have crashed below their value last month. How can you say the month is going well?
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Good shout, I personally believe this is due to the futures contracts ending. As soon as there's any news about bitcoin either in the neutral or positive direction we see price growth, this is neutral news which I suspect increased the value due to the influx of new users.
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