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While the meme coins will pump, they will be bought in the hope of getting a big profit. But those who buy such coins need to reduce their risks by using a stop loss in case the price of the coin decreases, as it is happening now with Doge and Shiba Inu.
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...If it was to follow the same patern again :
Now-Oct 2023 : 11 000 - 17 000$...
It is difficult to make any predictions of the bitcoin price for the next few years, as something may change significantly over the years. But at the moment I doubt the correctness of such a forecast that the price of bitcoin will decline throughout 2022. I expect that the price of bitcoin will start to increase rapidly after the positive news that is still unknown to me. |
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...But in doing that I have observed that while the crypto currency market is highly volatile so if you can flow with the wave of the market one can still make good profits but again its not a guarantee and not an investment advice.
If it were so easy to trade, then we would not have seen such a large number of liquidations after another dump or pump. This only means that when we are confident of further growth, the market surprises us with another dump. And, accordingly, vice versa. |
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...wouldn't it be a good idea to sell some bitcoin to be able to do that?...
It is possible that buying altcoins for BTC now will be the right decision, since almost all altcoins in relation to bitcoin are at the lowest levels. But you should remember that if bitcoin continues its decline, the price of altcoins will decrease much more than BTC. Therefore, make your purchases in parts. |
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What will happen if the dip goes dipper? I think it's smarter to buy bit by bit because it's reasonable that bear market is coming this year, don't go all in on a project by dips and wait for more dips this is the way.
If you decide to buy coins at the moment, it is better to do it in parts so that you always have stablecoins in your wallet, which can be spent on buying coins at a low price if the price continues to decline. In general, it is always good to have stablecoins in your wallet, even if the market is bullish, they give confidence in trading. |
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For me, when choosing a project, it is very important that the team is not anonymous. If the project team is anonymous, it is better to stop researching this project already at this stage. Look at the investors of the project and if you see well-known funds among them, consider that their specialists have done the work of evaluating the project for you.
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I noticed that scammers practically do not use the Ethereum blockchain due to high commissions, choosing alternative blockchains such as BSC and Matic, which have very low commissions. Therefore, I have great confidence in such projects that are made on the Ethereum blockchain.
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well, this is true. it all depends on what is going on. it would be better to choose a coin that has tangible benefits, and is currently being hyped up, such as BNB, SOL, and some of the popular altcoins that were hyped for their functionality. however, for those who are prepared to take big risks, and are looking for short-term gains, moving based on the hype will result in quicker returns. however, personally, I prefer to choose a coin or token with real functionality and benefits, rather than choosing a coin because of the hype.
Without hype, you can remain in the dark for a long time that such a coin has appeared on the market that has advantages over others. So it is the Hyip that allows you to learn about a new project and attracts investments for further work on the project. |
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Good analysis, yes the 40k is a very strong support but we'll see it after it was tested let's hope that it will sustain this support for what I see now it jumped over to 42k I'm pretty sure that in the next few months now we will be in bullish trend. Yes the OP is right keep calm and buy the dip since it is a good entry to make an investment in Bitcoin.
Now the price really looks attractive and given the strong support, which is at $40k, you can spend part of the deposit to buy BTC on the spot market. When trading with leverage, it is necessary to set a stop loss below 40 thousand in order to reduce your losses in case the support does not survive. |
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...Should we sell all crypto now?
It is a common mistake among beginners to sell when the price has reached the minimum values. It was necessary to sell at high, or set a stop loss in case there was a dump. And now it is necessary to find additional reserves and buy coins, again using a stop loss, in case the price continues to decline. |
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Please what did you mean by unsuccessful transaction while trading, I do not think making transaction and trading are connected.
I meant a unsuccessful deal, after which the trader usually remains without pants) Right now, the market is showing exactly such a movement that all those who hold a long position with a large margin and at the same time have not set a stop loss have already been liquidated or will be liquidated in the near future. |
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Are you sure they are still trending? Most popular meme coins are already sinking in value this shows that if bears manage to take over meme coins will receive the most disasterous blow ever since they already lack good utilities, all they rely on are just mere hypes
It makes no sense to invest in meme coins that have already reached their high, since you initially limit yourself in the profit that is possible when investing in a new coin. But it is almost impossible to find such a coin like Doge and Shiba Inu among the hundreds of coins that appear daily. And if you did not buy such a coin at an early stage, then you do not need to buy it at high. |
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I think, I should not use leverage before I get some experience.
The desire to earn quickly and a lot, forces beginners to use high leverage. Obviously, they consider this type of trading as a casino, while they expect to get only a positive outcome of the transaction for themselves. But the reality turns out to be different and they lose their deposit after one unsuccessful deal. Therefore, you made the right decision to delay margin trading. |
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why most of the peoples are not investing in meme coins??
Obviously, most people know that the main purpose of creating a meme coin is to dump & pump. In this case, everyone investing in a coin meme can not only earn a profit, but also completely lose their deposit. And with equal chances of loss and profit, people refuse to play in the casino. |
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...However people are so obsessed with obtaining profits that they disregard any danger to themselves and their capital and invest in those projects despite our warnings, it is sad but at the end of the day it is their decision, as they will be the ones to endure the consequences once they inevitably fail.
The desire to make money quickly in the absence of knowledge and experience always leads to the loss of the deposit. For this reason, most of the victims of fraud are represented by newcomers who have heard that using cryptocurrency you can quickly get a big profit. |
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...I wouldn't just immediately throw money into whatever is below top 5.
This will be a purchase with minimal risk, which in turn will give a relatively small profit. Accordingly, in order to get a big profit, you need to direct part of your capital to buy new coins. In this case, a very small part of your deposit can bring a profit that exceeds the profit from other coins of your deposit. |
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...Samsung Electronics announced Monday that its new smart TVs will allow users to purchase non-fungible tokens (NFTs)...
This is all a continuation of the hype around cryptocurrency and can serve as a further introduction into everyday life. But in my opinion, it is not necessary to use a TV at all, and soon an iron to buy an NFT, since everyone has access to a smartphone and a computer. |
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Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary
In order for a new coin to be listed on Coinmarketcap, it must meet the requirements of this rating. So not all new coins immediately get into the Coinmarketcap rating, so it's even hard to imagine how many new projects are launched daily. I hope that among this large number of new coins, there will be really worthwhile projects. |
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Dogecoin managed to show itself as a coin that is at the top of Coinmarketcap. The success of Dogecoin surprisingly seems to be currently being followed by Shiba Inu (SHIB Token). Many people are currently hunting for Shiba Inu because they think they will experience the same thing as Dogecoin. Will the Shiba Inu (SHIB Token) reach the price of 0.1 DOGE? Or Shiba Inu (SHIB Token) will not increase in price until 0.1 DOGE.
Yes, the Shiba Inu coin can reach a price of $0.1, but for this, the Circulating Supply must decrease by about 500 times. Although I have seen the statements of the Shiba team that they are going to burn coins, but I don't think that in such quantity. Shiba Inu and Doge have different Circulating Supply, so they cannot be compared on this basis. |
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Why can it be expensive when you use the TRC20 network? I even currently use the TRC20 network only need 1 TRX for each transaction and it's still worth saying cheap because the price of TRX itself is still under $0.1 as well as Matic which costs are also super cheap when compared to BSC.
There are also exceptions in the BSC network, so when withdrawing BUSD from the Binance in this network, the commission is zero. And if we do not take into account the Ethereum network, where the commission is the highest, then all other alternative blockchains represent competitive transaction prices. |
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