How do you make a profit if the price of btc keeps falling continue? btc bull market will not come very soon and i do not see any possibility of it. But a good way for me is that you can sell altcoins if you want by converting to usdt then trading by choosing the best token from binance or kucoin.
of course the key is holding, definitely some people just gonna bags if it's in bearish market because there is really nothing they could do to go against the wave without incurring losses further. by 1-2 years ahead into the future the market is gonna be getting better and these holders gonna be having a good time because although the market haven't reached the full potential they are already up in their investment portfolio so holding and choosing best altcoins is the key
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Just like most of them said, It won't last long. I remember a friend of mine was investing and trading altcoins that pumps back 2018 during bear market. As far as I can remember he gain some good profit back then because he's always buying stuff. Lol. But I believe all of them dip hard after and the pump did not even last for a week. So be very smart and careful if ever you want to take advantage of few altcoins that are currently pumping now, it is just temporary. As long as we are in a bear market, majority would follow.
if a coin is rising so hard during bearish market with no reason at all, then it's safe to say that it was due to the fact that the market of that coin might be manipulated so hard. most of them are definitely some low market cap shitcoins that could get manipulated into oblivion, and the after math, we definitely know that even the ones that manipulated the market doing so because of greed. definitely such shitcoins will not gonna hold for long for the simple fact that the ones that manipulated the market eventually gonna cash out.
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your investment feels like it went wrong because you're not buying in the right bearish market instead you're just buying at around flash correction where the value of the assets still well beyond the most recent ATL. that advice of buying at the bearish isn't wrong at all but the difficult thing is, you just don't know where the real bottom is, so basically you're just gonna be accumulating at the wrong time that you supposed to think was the right time. this investment definitely isn't as easy as it might sounds because if it is that easy, definitely so many of us has become really rich in investment.
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even the stock market are having a hard time, we are in the brink of monetary crisis so of course any investment gonna be very volatile and lean towards bearish market. although like that, the veteran holders knows that there gonna be an end for bearish market just like how there is an end for bullish market, eventually things gonna get better but that gonna takes time, the thing that sometimes any traders looking for instead are the volatility. so this market of volatility could somehow become a great chance for them. at least this time around has taught us that investment could results in loss.
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This is truly disaster not only binance alone that has suffered lose, I mean we know binance could lost billions and just shrug it under the rugs but most of the individual victims that has lost their lifetime saving are definitely having bigger impact in their life just for foolish mistake that LUNA had making it really disastrous. and even some stated that binance's lose is just some unrealized profit meanwhile there are plenty of people out there using their lifetime saving thinking that LUNA is like safe haven where they could still invests and avoid volatility like shitcoin since it's among the major altcoins and turns out that was all a mistake.
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Luna will still retraced back to a dollar price but it will take time. People behind the projects are working immensely on thr projects. I advised that any one investing in the coin should bagged at least $10 worth of the coin and then leave it for long term purpose. Because few months or years from now, the coin will pump massively and alot of people will benefit from the coin. Patience is needed at this period of time, because it's not easy to see your money go down in drains.
I think you should also consider the inflated amount of LUNA supply that already reached trillions, it's not gonna be easy for this coin in reaching $1 again for that simple fact. and also LUNA lately has become more or less like meme coins that basically become very volatile coin with zero underlying. If any I think most of the current luna holders will just gonna dump their luna and move over to the new LUNA v2 and starting over again
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I've seen some shitcoins in the past bear market acts as if they are detached from the market and having bullish run despite the current market circumstance is heavily bearish. I guess this kind of coin that could gain price increase amidst the bearish market, and there are some altcoins that are really good that they could gain some bullrun definitely the same case like STEPN mainly because it was considered good that despite the market in bearish they still gain quite good amount of bullrun, definitely very rare case tbh.
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Its just ordinary NFT integration i definitely gonna think that it would bring no difference or even make any significant difference with the current NFT right now. after all, opensea and the likes already acts as a bridge for promotion for many of the NFT artist, the fact that twitter and instagram willing to integrate NFT into their platform is like an additional great features but they are doing this just to make themselves not outdated platform, and maybe just trying out the implementation of NFT, overall it's not gonna start a new era, things will be the same.
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The holders of luna v1 will be received the new luna v2. The old holders will have 2 kinds of luna in their wallet. this is pretty similar like when you are owning the first version of token and you will be airdropped by the new version of token that will come soon. Luna v2 was a very bad idea and so many critics have come from the various parties like CZ. Im sure that if another bad sentiment will come to the new luna. The market is not feeling so good with this token. So many accusations to its founder make it is not worth to be owned or bought.
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So, it went down like 50000% or something, is there a chance it might go up 3x what it is now?
There is no chance to go up again. even the announcement that came from the new proposal didn't give impact to the price of this coin. The price of UST and luna keep dumped so hard to the bottom. people have been loosing a lot of their money. Im sure that now so many people that hodl UST have been trying to sell their UST to the market. going 3x from the current price was almost an impossible thing. UST keep dumped so hard and the inflation is still going on. There's no hope anymore for this coin. So many people who bought at the bottom are still believing this can make them become new millionaires
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learning from so many fork tokens in the market and i can take a conclusion that if mostly of fork tokens can't sustain for long term. The hype was so big when it was being launched but in the long term and you will always be seeing the token will be gradually dumped. I do believe any luna holders who have both will always think to sell one from these tokens. It's pretty similar like a few money for all of them. They will try to pick one as their holding. People will use the fork token as a way to decrease their lose. Remmeber so many people were not able to get out during the crash and this is a momentum for them to recover their lose
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some of them are still pretty much underrated, like vulcan forged basically a studio for NFT games but still having quite low market capitalization despite having great community for their games and also still solid in development unlike some low quality games, the good ones are gonna be having massive bullish run if the bearish has come to an end, it's just current market is really bad and indiscriminate in term of value drops. regardless all in all this field is still kinda underrated and there are many projects out there that are NFT games deserve billions of market capitalization
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I really doubtful that UST gonna exists after fork taking place other than it becoming the new shitcoin, after all UST needs trust from the community and it has lost plenty of that. the market of cryptocurrencies isn't also lacking any similar coin, instead there are so many that we might get confused choosing ones. even the well being of LUNA v2 itself is still unclear, so I doubt that they gonna take care of UST
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The only way is through burning, the current supply has inflated so much that it reaches trillions, I doubt it could ever reach $1 ever again unless they do a massive burning. Not to mention that so many traders out there entry in LUNA market when exactly the value has become so low that you could get millions and even billions of LUNA at relatively low value, the early LUNA holders of course gonna be mad if they just burn the LUNA and not make a new ones, fork does make sense I guess.
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I wonder how they can compensate Luna Holders. How does a 1B supply fit the current 69+Trillion supply? The evidence is shouting that there will be another batch of bankrupt investors. Forking isn't the answer to the current Luna problem, even CZ gives a hint about it, but the Luna CEO took the easiest and dumbest shortcut while prioritizing their own pocket neglecting new investors who supports the Luna Market during its crash. i think everyone has gone crazy and lost faith in this project let alone have to buy a new version of luna tokens, i think it's just a trick of the terra luna project developers, i think if they don't plan to cheat their users they should be able to provide clarification on the cause luna prices suddenly drop, but instead they just walk away taking user's money, and as the OP said luna holders will get new tokens, I thought it was just a joke.
Even the Luna CEO lost faith on the current terra market, that is why he is creating a new Terra to have a fresh separate market as a start. this is really true even the CEO himself has lost faith in LUNA and this kinda proves that the current LUNA is beyond any saving and to think that their one and only solution is basically doing a fork and thinking that the current crisis gonna be resolved by just replacing the original luna with a new ones. I think the LFG should just reimburse anyone that invested in their altcoin before 7th may so that it's gonna be fair, the reserve left in their hand should be for anyone that has lost from this massive disaster.
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~
If not scammers, they are surely paid. I only checked Youtube when I am about to learn technical stuffs like in trading just like what I did back in the day to learn the ropes of it. Other than that, I would not trust a lot of Youtubers for crypto investment regardless if their channel is dedicated to cryptos. There are just way many things that could go wrong if you just let yourself get baited by those. it's basically the same thing with trading signal that are free, basically don't let foreign influence affect investment decision of ourselves. because at the end of the day, the ones that truly know our well being is ourselves and that also includes our economic condition. these so called influencers can't give a damn in regard of our economy even sometimes they just gonna suck the money out of us if they encounter the chance. just make a decision by ourselves.
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seriously I think burning is gonna be the most useless thing that LUNA ever done if they intended in decreasing the current total supply. lets be frank here, the late luna holders are the ones that holds billions of luna, if LFG is just deciding to burn the LUNA then these late luna holders are the ones that gonna make profit the most and the earlier holders are just gonna be seeing their investment turns into a dust. burning at this point is just a really bad decision because the market circumstance has changed, get over it.
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I think many of the traders and us usually willing to just put all the money in one basket just to make us more focused in our investment and maximize the momentum, alas that's indeed a really bad decision in case of something like LUNA collapses happening we literally lost all of our investment. It's true that it's better following a very basic cryptocurrency guide and advice because it just minimize the risk but in the case of this recent correction caused by luna, even if we spread our investment evenly across various altcoins, we still gonna lose anyway since almost all of the altcoins losing 90% of its value.
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It'd be great if this summoning could make out a clear reasoning behind the massive UST collapse. even better if there is an effort in making LFG reimburse any victims of their UST collapses since UST was supposed to be a coin for reserving wealth not the other way around. not to mention the massive correction for LUNA that make it almost loses 100% of its value alone should be of concern. after all LUNA is a former of major alts that are ranked 4th so it's not some measly matters that the reasoning for their collapses should be clear.
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