The coins that was meant to be eliminated in this downtrend are just some shitcoins. These coins that you mentioned are mostly great altcoins with really big market capitalization and trading volume there is no way they gonna be eliminated, and if they did, the other altcoin that are lesser than these coins gonna be eliminated first so invest in a big altcoins.
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Staking is for anyone that have too much money and they don't really need them so they could grow their money instead. It definitely isn't carrying the same chance of return of investment like trading but it's quite safe investment alternative in case you just want to leave your money and let it grow. Also, usually anyone that stakes have massive capital so they got higher return of investment, it's just matter of how much capital you have in getting greater ROI.
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I guess the trend kinda dies down already but remember that the memecoin trend back then was also having such massive correction and then gets revived after the bullrun coming. This could very much happened to NFT in general in the future, since NFT seems it could revive itself if the bullrun comes. Though this doesn't necessarily a good thing if NFT in general like NFT arts are like a game of greater fool where anyone investing in NFT art think someone else gonna buy their useless art for higher value.
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Kinda obvious that the current massive disaster of luna could gets some of these fund management companies and investment companies goes bankrupt. After all, it caused tremendous loss towards most of the luna holders, and these investment company seemed to trust too much in luna that they could be shaken from the current luna disaster that more or less affect the other altcoins meaning even their diversification becomes useless right now.
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Current BNB is $200 it definitely gonna requires 5x of that for it to hit $1k and that's definitely difficult at the time of bearish, at best it could recover back to $300 Instead wait for another bullrun, it could be next year but if BNB ever reached ATH surpassing $1k then they could easily retouch that ATH again.
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I think no one knows for sure the exact time that the bearish gonna be lasting. These could be fake recovery or it could even means bullish is near, otherwise if someone could know the exact time they would've been the next warren buffet. Instead I think the current moment is fine for accumulation, even if the trend of bearish still goes on and the correction is still coming, you could just accumulate slowly and also waiting for the right timing. Even like that once the real recovery comes, your investment still gonna results in big ROI.
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it's only less than 2 weeks left until next month and instead of getting recovery, we're facing another wave of correction, I guess the future looks grim this moment around. I guess until the end of the year we just gonna see another wave of corrections until btc finally reached sub $15k. In the process so many altcoins just gonna be dying because they lost value, as a result the coins with great quality are the only altcoins that are left. So maybe restructuring investment is needed.
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This is just day dreaming honestly, you could imagine how much overall valuation of shiba if it truly reaches that, it's gonna be tremendous and there's no money to support it. Instead many of shitcoin holders has already doubted that their shitcoin holding might vanish and turns into thin air anytime considering how volatile these memecoins are. Shiba is also categorized as shitcoin and it could literally has the same crash as luna.
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they surely gonna hold their airdrops until the bearish finally subsided. Everyone with right mind definitely gonna think that this current bearish trend gonna be defective to their tokens, therefore most of these kind of airdrops gonna be hold off, until at least the bearish has finally subsided and recovery finally occurred. I think metamask is going to take the same direction, basically holding off the airdrops, although there's rumour of metamask, the announcement date isn't fixated.
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option 1 I think it's enough to invest in those 5 coins, but can sol replace avax, the reason I chose option 1 is because I'm not a coin collective type
it's also gonna be significantly easier to manage because sometimes too much diversification could result in bad management considering the fact that each altcoin have their own moments. Instead sticking with fewer altcoin if the investment isn't that much makes a lot more sense financially speaking. after all, even the big fund management if they invests in cryptocurrency usually they just choose eth or btc.
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It seems the recent correction might shows that maybe in the upcoming futures btc gonna hit around $10k, that's really bad news for most of altcoins since they are the ones that gonna get affected the most and I doubt they could make recovery in the future bullrun considering the circumstance that maybe they have lost majority of their valuation. It seems majority of altcoins are gonna be eliminated because even going down at $20k already such a disaster.
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definitely BUSD, it's backed by binance after all, and you see even the altcoins project that are being ran by binance or just simply sponsored by binance always turning out to be such a huge success, I guess that definitely includes BUSD that are being backed by binance. after all you could say that binance is a multi billion dollar company I doubt they gonna do some ridiculous thing towards their BUSD, that's just not gonna happen in the future.
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definitely any NFT that isn't art since most of them are just gonna be going down in term of value sooner or later. even NFT games are much better than the NFT art since at least they have function that is an item for the games, instead of just an art. I'd say that there is really nothing of these NFT that really worth keeping an eye on. maybe at best it's all those already established nft art so the liquidity is much higher than average.
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If it's an altcoins that are volatile and gives relatively high APY constant reward will be in form of the altcoins but the value could be very well be going down even that includes the investment that you staked too. Basically there is rarely any altcoins that gives constant reward at this current bearish, maybe you could try out USDT staking but that gives a really low APY. Instead it's better just to hold for a long term by accumulating great altcoins for your long term investment since right now most of the altcoins are heavily discounted in terms of value.
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This is the reason anyone should make their own financial decision, it just simply ridiculous blaming anyone else for our own mistake in choosing the right investment instrument, no one forced us to invest in all these meme coins, and investing in meme coins is really bad idea in general. Also, meme coin investing is like gambling, most of the ones that invested just gonna lost their money, the smaller fish getting eaten by the bigger fish, that's how memecoins mechanism in general.
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I feel the market will stay red for few months maybe. Now we are in June already and the market is still red. The best thing to do now is accumulating some coins that we know very well such as bitcoin, ethereum, bnb, etc. Im afraid that we will go through the bearish market for quite long time now.
It will surely be a quite long time bearish considering that we've have had a really long bullish. The economy is also getting bad right now that I doubt cryptocurrencies in general could ever recover in the middle of this year, at best maybe it could recover soon in the middle of the next year if anything has finally getting better. remember that we are in the middle of crisis, things like the economy needs to be sorted first.
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We have not yet seen more tokens being unlocked after the vesting period will end. This may contribute a lot to the next dump that will be happening with luna. It's very hard to face the reality if the future of new luna will be the same like old luna. So far UST holders have become biggest losers in luna's case. They need to find something to be used to get out from the market. They are dumping their luna to make sure they will able to recover some amounts of money to their pocket. It's so easy to say if luna will be dead for the second time soon.
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Will the challenges of new technologies and new public chains cause ETH to decline rapidly?
that's why the new update already proposed to come soon. I expect something big will give a big change to the ethereum started from its migration to the POS and many more. It's too early to say that if we will see the destruction of ethereum soon. The fact that if the network can get the new update and that depends on the miners, i think that it's better waiting for the next update that will come late of this year. After you have seen the update and you can judge what will be happening with ethereum
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I already spent some money on it ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) Got an e-mail today that a 30% deposit is required to be able to sell it. So, the money I invested - gone? That's an old trick that used by scammer. They were asking for the more money to be deposited but again after you have deposit more money and they will asking the same thing again and again. Im sorry for your lose but stop here. You shall not need give your money to the scammer. Yeah, I guess the money is gone... You live you learn... I'm new to the cryptocurrencies, so, not a good start, for sure. Thank you all for your opinions! If anyone else has anything additional to say - please, do.
Im sorry for your lose but if you are new in the crypto and it's better if you are asking anyone in here before try to invest. There are so many scammers in the market, just create a thread in here and many members will help you to avoid scam project like that.
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