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The risk you can accept depends on the type of trading you use, If you are a short-term trader then 2% -3% is enough, but if you are a long-term trader the risk of 30% -40% in my opinion is still small, because the long-term trader's profit target is above 200% to 500%.
Other considerations are sometimes needed, such as the funds you have, the more funds you have then you can accept a greater risk, but also with a potential profit of more than 500%.
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i only use Binance and also Huobi, both exchanges are big exchanges and have a high level of security, very few issues occur on these two exchanges, liquidity is also the reason I chose huobi and binance, because the higher the liquidity the exchange has, the execution of buy orders and sell orders is very fast. For other options maybe Okex, but I don't really like Okex because there are not too many traders trading there, it's still better than huobi and binance.
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Most of the major coins are now cheap, because the mass adoption of cryptocurrency has not yet happened, with the development of Tesla and also many large companies looking at cryptocurrency, there is a possibility that mass adoption will occur soon and of course the price of major coins will increase, especially Polkadot. Polkadot is a new project and is able to compete with other coins, this shows that the potential for Polkadot is very large.
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I really appreciate the patience you have, but unfortunately you are holding NXT coin, are you sure NXT coin is a good coin? if for XRP coin I agree, but for NXT I don't agree, If my advice is, it's better to move to another coin like TRX, the price of TRX is now 90 satoshi, and the target can touch 1000 satoshi, with your patience I am sure you will get a lot of profit holding TRX and also XRP  |
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Elon Musk is the richest person in the world today, and has been very successful in making Tesla and several other companies he leads became
profitable. So it's very natural that many people follow and idolize Elon Musk,
I think many people follow Elon Musk not because they idolize Elon Musk, but because they want to follow every FOMO that Elon Musk makes , Many people enter cryptocurrency because of speculation, following the current FOMO trend, and that's what happened to the elon musk followers, I don't even follow elon musk because I don't like fomo. But it is everyone's decision, I am also sure that many people have other reasons besides FOMO when following elon musk. |
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The possibility of surpassing Ethereum can be seen from the technicality of the polkadot who have their own way of surpassing Ethereum..
But it all has to be full of struggles because it has to convince many people who actually still believe in Ethereum based projects..
What kind of belieeve do you mean? Can't we now see that a lot of people really believe in polkadots? polkadot has survived to this day in the top 10 market cap, this is proof that many people believe in polkadot and are just waiting for polkadot to be massively adopted |
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The market price value of top cryptocurrencies are inceasing along with the gas fee of some of them. It is sad that there are side effects in increasing the price and of it is the high gas fee. If affects the low-end or small time traders and investors because most of their investments will go only in gas fees.
That's why you have to look for other coins that don't run on the ethereum network , many projects are moving from the ethereum network to the binance network, so research before you buy coins, such as USDT which runs on many networks such as ethereum, binance, omni, tron . So when you want to withdraw you can choose the Binance or Tron network because the costs of these two networks are cheap. |
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I don't like how they are trying to do marketing. They payed some famous people to promote them without any plan to look it good. Also I heard they have a lot of problem with blockchain so not sure if they have a bright future if they not step up work behind the scenes.
Where did you get the news? I've never heard of TRON paying famous people to promote the project, if doing fomo maybe yes, Justin sun often does that on twitter. I see differently, TRON actually follows the development of cryptocurrency, Justswap is one example, it's just that Justswap is less well-known than other DEX such as 1inchswap, Uniswap etc. |
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Well, I don't think so, this is just another presumption that can't be of fewer chances. because the reason why BNB is hitting more closer to ETH is if the fees that ETH big problem now, people are hardly moving their ETH for its high cost and the need someone to help which BNB did it.
But even the situation turns at worse, I still don't think that BNB could kick-off ETH on its position. As for its past record, only XRP did it but just of a few hours, and it is done.
I also think the same with you, the current situation is only because the price of Ethereum has risen very high, but that does not mean that because of this BNB will beat ethereum, this is still an early stage, we can decide BNB will beat ethereum at least 10 years from now. It is still in the early stages of mass adoption, so we will see what will happen in the future, because I also believe that ethereum developers will not just stand by because ethereum gas is expensive |
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Cardano has succeeded in attracting many people because Cardano has reliable transaction speeds, has a strong community and loyal investors.
after cardano moved to DPOS, many people chose to move to cardano, because by holding cardano they will get daily rewards. These are some of my reasons for investing in Cardano.
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and now expensive gas will make transaction fees even more expensive too, of course if you want to send tokens from the ethereum platform, you must have an ethereum balance of at least $ 50 for transaction fees, it's terrible isn't it, that's why Binance is now a competitor of Ethereum and trying to shift ethereum's position in 2nd place.
Ethereum transaction fees are expensive because ethereum prices have gone up very high, now BNB prices are still cheap, but if BNB is already expensive, transaction fees on the BSC network will also be very expensive, because I see that once transactions on the BNB network require at least 0.004 BNB and that is not much different from transaction fees at ETH |
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It's like a shit show now, there are tons of altcoins projects in the crypto , and the worst part is that most of this new projects have nothing real to offer in the long-term, they are just hoping get money from the investors then stop developing and leave the project to die off, recently its DeFi, about 90% of the new projects are all about DeFi, most of these coins are just pump and dump nothing special about them, it's really sad knowing alot of investors have lost their money on all this sh*tty DeFi tokens.
It is an open secret that many scammers in new projects, even projects that have been running for a long time are suddenly scam, there is no progress because they lose to new projects that have better ideas, the team gives up and leaves the project, we as investors must be careful when making decisions, because we don't know which project will suddenly be a scam, so always be vigilant and monitor the coins we hold. |
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if you are a hard lover of alt then you can do short trading instead of holding alt for the long term cause it is better to lose money incrementally instead of losing all at once.
I'm not sure what you mean better losing money gradually than losing all at once? In my opinion, Invest is better than trading, because you will actually get more bitcoin by investing in altcoins and holding them for the long term. Because altcoin prices are not really fiat, but bitcoin pairs. For example, the current ethereum price is 0.03 bitcoin, I'm sure the ethereum price is 0.1 bitcoin soon, it's just a matter of time |
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As I see Doge may still have a chance to grow, but I wouldn't bet on it depending solely on the tweets. With its current state, it is almost the name that many people are searching for because of what it is creating in the past, that should not be a reason for people to continue. Wrong or money for it, there are more options for everyone than buying doge and waiting for the price to rise.
I agree with you, there is no reason for you to hold on to Dogecoin anymore, too many games that elon musk make for Dogecoin, Dogecoin is a coin of quality and valuable value to the community, not as a pump and dump coin. I also believe that the price of Dogecoin shouldn't be this high, because Dogecoin's fundamentals are very weak. It's better to look for other coins than focus on Dogecoin. |
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Mining in n crypto is good investment if you have the knowledge of how to build pc, where to buy cheap equipments, if you have low electricity cost, and cold weather for gpu not to reach over heating anf many more factors. I have been mining for some time and it paid off. I guess it's one of the ways I help and support the chain. It's never too late, comr enjoy and have fun. By thr way I am mining with gpi cards (AMD).
I am not sure mining today is very profitable, let alone using a PC or the like, many cryptocurrency projects are moving from POW to POS and DPOS. I don't really know consensus, but generally POS and DPOS consensus is the best consensus than POW because it mines coins without needing to use electricity. So, if there is something easier why mine with electricity? |
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For me there is no such thing as safe investment in crypto market. Especially if you do not seriously monitoring and following thr movements of the coin you have or want to invest.
If the context you mean is a volatile crypto market, of course it's not safe, but when it comes to investing in technology that is owned and also long-term, I believe investing in altcoins is safe and very promising. Technology has developed, and now that it has entered the digital era, I believe cryptocurrencies, especially altcoins, will be an alternative payment option in the future. and the value will increase because the demand continues to increase every year. |
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maybe they have high confidence that XRP can pump more than they target. but the reason behind it all depends on their beliefs, on the other hand we know that at that time XRP got bad news from various parties and had dropped to the rate of $ 0.2 until now pumping back to the price of $ 0.5. but if you believe in this coin, you can invest in it. and for me personally not  I also don't think there are many people who support XRP, in a few days XRP will settle its problem with the SEC, we'll just wait, whether the XRP price will go up higher or will go down and return to the price 0.1 USD I am sure, what is pumping up the XRP price is not investors, but short traders or novice traders who follow the XRP FOMO. |
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In my opinion, it takes more than one man to raise the price of DOGE. Let us just say that the nation of Japan has made a declaration that DOGE will be the official digital currency and bought half of the total available coins. Now that will raise the price of DOGE, enough to make many of us nerds millionaires. I think a nation adopting the coin to be theirs, although scary, would be the only way for the coin to reach insanely high levels.
There is nothing necessary for Dogecoin to hit the price of 1 usd after ElonM pump, and it doesn't take a country statement to pump bitcoin, since ElonM pumped Dogecoin over the last few weeks, the price of Dogecoin has gone up very high and beyond many people's expectations. when the bull market was at its peak, I was sure the Dogecoin price would go up again, it was very easy for ElonM to pump up the Dogecoin price 10 times the current price. |
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In the big Time Frame, bitcoin prices are still in an uptrend, I'm sure the price will hit a new ATH in the next few weeks or months.
But there should be a correction because for several weeks bitcoin has risen quite high, but after the correction it should have touched the 60k usd or 70k usd area.
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There are several differences that you can find,
first, the network used, because ETHEREUM gas is expensive, many tokens that run on the TRON or BSC network have low fees, for example USDT and not all stable coins run on multiple networks at once, you can pay attention to this.
Second, transaction fees and speed, now only stable coins using the TRON network have cheap transaction fees, so far only USDT stable coins use the TRON network.
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