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Most people just take the benchmark for good coins on social media, without making their own studies There could be two reason. there are new comer who doesn’t have proper knowledge, they just saw such tokens and collect those even investment on those without knowledge. Second one is, there are some people who know about crypto but they want to verify those from people and i think this is the best way to learn. Although some are create thread for nothing but promoting tokens. for example, shiba is even more based on the selling price, compared to last year, so how can we make long-term investments, if speculation is relied on, then I'm afraid the investment will not produce anything.
there are some exceptional coins too who hold good position for nothing. I assume those shitcoins won't stay for long term. And you are right for the purpose of investment. speculation Should take as idea, not a investment advise. Should Study before having any step |
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Support - that's in fact the most common issue. exchange that takes the extra step to ensure deal with customers complaints no matter how good their exchange platform or system is.
Actually we consider an exchange as good, only if it has all qualities that we want. so good quality exchange wouldn’t have those issues, i believe. Yeah an exchange should take extra step especially so that they could verify customer easily and solve the problem. I've experienced deposit not getting credited & frustrating is when there's no one from the exchange's customer support team handling your issue. i usually hesitate before using such exchange.
except some top exchange, this is common problem with most exchanges. Even sometimes they response but annoying is, they behaved badly and don't try to solve the issue, just referring here and there to talk. Although its better than having nobody for response |
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altcoins were falling from their ath level, although market is little billish now. Trades on these for short, seems suitable in this situation. but can't guarantee that, buying bnb will bring sure profit for you but no doubt it comes in top investment by choice. But if something bad occurred tomorrow, then make sure you have ability to face the situation even afford your condision. Another invest can be on ether, solana & sand (metaverse)
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If notice usdt market volume nowadays, you can see it is heavily using by public. Actually those negative news aren’t new, i already aware about such news since years ago but nothing is changed & nothing bad is happened yet. You can say there still possibilities but usdt is still tustable to me. thats why im still holding usdt on exchange account for trade. so shouldn't believe in such rumors, you can use usdt without having any hesitation. But on the other hand dai, tusd, usdc, busd are also trustable stable coins
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After the tweet of elon and McDonald, grimace start pumping as rocket. That's why i thought to have some of grimace for short term with little moeny what i can afford. After checking 3/4 fake coins. I bought grimace coin which is also fake and i lost 66% of my money Over night, then buy again for merge and minimize loss but i Laugh when i know that one was fake and sold off. Community support was also bad. I have experience enough but i made mistake. Thus i notice, large number of people keep transactions on fake grimace contact address. Now it listed on cmc, i track but don't have interest to go there anymore
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For now, i think Binance Smart Chain is better than ether and among all. Ether is also best but i try to avoid transaction on ether network as much as i can and always looking for "if that altcoin is available on "Binance Smart Chain" or not. Because personally it pretty hard to afford high fees for me. Solana matic blockchain are also best but still few altcoin are transferable.so currently i would like to go for Binance Smart Chain
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arbitrage trading mainly depends on opportunity and you can get an opportunity through any tokens! just need to have a look on altcoins ot you can use bot for that. But i think its hard to arbitrage trading with top coins cause those are same by price on every exchange. Mid range and low quality coins maybe perfect cause those coins value differ from exchange to exchange but be cartful. arbitrage trading with low quality tokens can be risky
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I wonder seeing tremendous growth of Polygon! If check the yearly chart, it wasn’t so huge till the end of 2020 but just only some cents. Like 3rd January of 2021, it was worth only 0.019$ something but the keep raising for the whole year, about 85x time higher woth right now! just think how huge it could be in 2022. With time, large number of people will use Polygon network. I guess it could hit 7-10$
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I don’t like to sumbit my documents anywhere but have done my kyc verification on binance cause No doubt binance is best. Still no issue and everything is happening very smoothing Except binance, There are some exchanges where i get satisfaction after trade and i would like to using those again. Here are those:
- Kucoin
- hoo exchange
- coinbase
- mexc exchange
- pancakeswap
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I also noticed that, so many altcoin are get listed on hotbit! I heard about this exchange before but haven’t saw any bad experience from anyone! I haven’t used hotbit for long but recently i registration on hotbit for selling unknown token, all was okey but i found it has server issue, thats why sometime withdraw option not working and some futures of this exchange, fail to loading properly but Over all okey
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That is so much greediness , x14? meaning you are earning 1,400% and yet you ask for more?
True and thats why I'm considering that incident as worst mistake in my life. It's about 4 years ago i guess when i was a newbie and i don't had anyone for Guidelines. so doing mistakes was normal for me. that is not a mistake but that is stupidity lol.
It can be called greediness but my newbies friends hold some altcoins those were 100x in those time and thats the reason I'm also aiming to have such return but fortune didn’t support me... |
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Agreed with your statement as well as It has been long too. Ether was keep gaining trust by time and no doubts it now become potential enough for future. Now market isn’t seems good but i expect soon altcoin like ether, will be back on track & increase its demand among everyone. It will be always preference as best investment option. I know it still has many challenges and difficulties but that will be solve by time and will go ahead
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I think no need to afraid of crash everytime & shouldn't sold off asap if market dump. Cause there is no cryptocurrency without correction right? I can't predict about upcoming dump or pump accurately but i bought matic & luna cause i saw good potentialities in those. bedsides i keep buying ether if i get chance as this is perfect time for it & I'm pretty hopeful about those future performance
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Try to make something with the capital and lookout for regular profit than long term profit. Even BNB is a good choice that has regular market variation.
That was the reason why i suggested bnb. but now the price of bnb is already reached high as well as also dumping since i suggested but positive side is, bnb still has potential to provide good returns. others top altcoins like matic, solana, ada which has good market variation as well as metaverse tokens like sand, theta, Enjin could also be a good choice to buy with those fund. Also wise to buy some more assest by divided main fund |
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If that is the main purpose which is to provide cheap transactions then I guess the purpose is gone now That mightn't be main purpose but kind of facilities served by doge coin for cheap transactions and people used to do that. Otherwise as you said, that purpose should be end already as doge fee increase along with its value but doge still on good position. Maybe the hype main could be the reason which still make doge up cause meme coin doge doesn’t have any proper use it's not the team who made an effort to pump DOGE but it's Elon Musk because he uses his influence to hype
Elon tried best by his influence to influent doge coin & he did that but after that he sold his share and dump the doge. Maybe influencer like him, is still shilling doge, otherwise doge can't stay todays position |
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I hold a token named datum. Still listed on cmc or coingecko but it is dead now. I've bought for 1k$ but my mistake was, when it touch $14k, i didn’t sell it. I thought it was a potential token that could be more valuable in future but it downfall and even i was unable to recover my fund. but when i sell something, that go moon after few days. And such thing happened with me several time in my life.
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Snip
It was just like you are looking for a big fish and make you rich instantly? But what I can say to you that is you only find the small one. Why? It is simply because it never works that easy unless if you are the whale and trying to manipulate the project but as if you are just a normal investor, I've doubted that we can have those projects. Mate, I don’t understand what you are talking about or maybe you have quoted my thread for nothing but wrong/mistakenly for your giving your answers cause what you are talking is unrelated to my thread. What i stated on this thread, doesn't prove that I'm looking for big fish or something make me rich instantly! It was just an analysis as its common that, bull market made large number of people profitable who invested in 2021, although situation is changed now |
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I can remember this decentralized finance (DeFi) Yearn Finance. this governance token also attracted me that time but i didn’t join it after seeing such price. It thought YFI as another hype token on that time. now it dump as usually by following btc rally but still on the way for gaining new level where other coin already come with better concept. according to my analysis, its possible for yfi, not to be worth, but it can continue its existance somehow.
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for now it seems that burning coins is one of the routines of a coin, done by almost all developers. a trick to get people into the trap.
Mostly Common routines of a coin, possibly to highlight their projects much easily among people. but i saw those hype doesn’t work for every project btw! For example: when a coin announced for burning, price should be increased. But after buy that coin, you’ll see that coin start dumping instead of rising up. and from here we have to be able to sort out a project even though they do the same thing but their intentions are different
we'll see same things with others projects too and Should be careful, otherwise possible that anyone could be Victim of such tricky trap and could lost their fund as i explained above |
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