I totally agree with your opinion, ethereum is more useful than bitcoin,
Useful in what ways? I see that Ethereum and bitcoin are both coins that are needed by many people, it's just that in different ways, if Ethereum is useful because of its technology, while Bitcoin is useful because it is the pioneer and at the same time the foundation of altcoin prices, I'm not even sure there will be altcoins if Bitcoin doesn't exist ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Yes, not all FOMO is bad sometimes it's profitable but the OP here is talking about "beginners in crypto" because don't have the experience yet.
Of course not all of them, but I believe what the OP meant was mostly FOMO. I also believe that FOMO is a bad trend and should not be followed, as most FOMO ends in a loss. FOMO is the biggest enemy of traders and investors alike, because FOMO can be easily played by whales, so be careful if you trade/nvest based on FOMO trends.
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If a new investor doing investing in a new project without analysis then this target can't successful profitable. Otherwise if a new user invest in top altcoins then there assets will be safe.
Not only is it safe, but the coin price movement is healthier and the profit that you get is likely to be stable. Investing in coins that have little liquidity is a bad choice, because coins like these are unstable in price and often go up and down very steeply, if you go up you might be happy because you get a lot of profit, but if you go down you can lose more than 50% of your funds.
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All altcoins on the market are dependent on Bitcoin, so if altcoin wants to go to the moon it must be behind bitcoin. At the moment bitcoin is stuck at $ 9k, so I think it will be long before the altcoin can hit the moon.
No, it's just a matter of market capitalization, you can see on the chart of bitcoin dominance, when the market cap of bitcoin goes down it indirectly moves the market cap in altcoins, and this is the only way that altcoins can go to the moon. And what do you mean $9? bitcoin price is now $49k.
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what keeps us going in the cryptocurrency industry is our love for it. discipline is only for the rules where we must know the limits when trading by adjusting the conditions of price movements. for us losing in trading is a natural thing. but in this context we enjoy it and in the future try to reuse it. like traders in a fish market, sometimes there is a quiet time, and there will come a time when buyers will come to give a profit. not much different from cryptocurrency. We remain conducive in responding to each season change.
If once or twice is natural, but if someone trades and loses many times it means there is something wrong with the way he trades. Discipline should solve the problems of novice traders, but unfortunately very few traders learn about emotional management as well as discipline, and for this reason many traders stop trading because they often lose more than they make a profit.
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People can't be satisfied, sometimes we set a certain price where we should be making a profit. However, greed comes in and you set another price to sell what you are holding and most of the time we end up with a lesser profit. In crypto being greedy most of the time gives negative outcomes. Take your profit, there is no point holding for too long or setting up higher expectations on a certain coin.
Greed is a mistake that is often made by traders, greed and breaking the rules that have been made ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . If you are not sure about investing or trading short-term, then prefer long-term investing, long-term investing is not much different from trading, because you are buying and selling, it's just different from the time frame you use.
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it depends on whether you are going long term or short or medium. if long term you can wait for more dump to buy and buy at tranches till you are satisfied and wait for more profit. but if short term, you can use Technical analysis and fundamental analysis to take trades and take little little profits.
Do you think that fundamental analysis and technical analysis are not needed if you want to invest in the long term? In my opinion, finding a good support area and finding a golden opportunity to buy requires technical analysis, so that you can determine the area of support and can see where the market trend will move.
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Bitcoin Gold and Bitcoin Diamond are not much different, I mean the development, maybe a few years ago BTG was good and became a potential coin, but after DeFi I didn't see anything interesting about BTG (this is my personal opinion), and another reason, when yesterday I made a deposit on the exchange using BTG it took more than 30 confirmations about more than 6 hours to enter my exchange wallet. In my opinion, before talking about technology, I think the issue of transaction speed and confirmation on exchange must be resolved first.
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It's difficult to determine, because the topic you made is a little abstract, what do you mean by friendly? is it close to bitcoin? or what? because of many factors with which to look at it. But if based on market cap, only ethereum is so far close to bitcoin. Because since a few years ago, ethereum was still able to stay in the market capitalization ranking.
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I can't possibly just leave crypto. If there is news about the government regulating cryptocurrency I have to verify it first, I am sure there are certain reasons and also not everything will be regulated by the government, or maybe the news isn't about bad rules, maybe the rules are in favor of cryptocurrency.
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I have not invested in the TRC20 network. Maybe if there is a token resulting from a bounty that uses the TRC20 network, I will keep it if the coin is good, but so far it is very rare for bounty projects that use the TRC20 network. Almost most projects use smart ERC20 contracts. Competition in the crypto industry is very tight, although many do not use smart contracts TRC20, but TRC20 is a potential and strong network until now.
It is very rare for a new project to use the TRC20 network, but since ethereum gas is expensive, many projects have tried to wrap coins in the TRC20 network. I think you can now try choosing tokens from TRC20, because the transaction fees are cheap, so you can easily sell your tokens. Maybe JST or BTT can be an option, because the price is still cheap ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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At my place, transactions using bitcoin are prohibited, because it will violate the law and can only make transactions using FIAT. But I personally work and focus on cryptocurrency, and every month I get a bitcoin salary, if I don't buy something online, I usually convert my bitcoins to FIAT and withdraw it to my ATM.
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I doubt that Elon Musk was already invested in Doge not just only bitcoin. Maybe at first he tried to tweet just to test how he can pull up the doge and it was effective, and the second time that he tweeting about doge for sure he already invested it, he can make money on cryptocurrency easily.
It is impossible for Elon Musk to do FOMO without making prior preparations, they and their entire team have of course planned this, they are very easy to take profit, because they are the ones who drive and control market sentiment, Now you don't need to hesitate if you want to buy coins for short-term trading, just wait for Elon Musk to make a word on twitter and the coin price will go to the moon.
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I see coins that have strong candidates to become the next Ethereum are Plokadot, Binance coin and also Tron coin, there are other coins such as Xcash and Minter ,, it's just that these two coins have poor marketing, so maybe it is more suitable to be the next Ripple .
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Maybe it could be said I would believe in the project if the crypto project had a thread on this forum. I
Are you sure just by creating threads on the bitcointalk forums and groups in telegram the project is legit? I'm not sure about that, I often see projects that have threads in forums, have a large number of subscribers and have websites and products but they end up being a scam. so you have to be careful, because there is no specific standard to see a project as legit or not,
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For me, it is better to using USDT than DAI because USDT is giving more options to use what blockchain. You can withdraw your USDT from exchange to your ETH Wallet (ERC20), TRON wallet (TRC20) or Binance chain (BEP2). ETH transfer fee is very high nowadays, we can withdraw USDT to our TRON wallet or Binance wallet to avoid high fee.
I agree with you, USDT is better because many coins are paired with USDT, so it is easy to buy and sell them again. But if for DAI transparency it is better, because there are issues that say if USDT is a stable coin that is not backed up with money, in other words it is printed unlimitedly depending on the CEO policy.
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I personally buy BNB for now, since $70 per BNB I think BNB will go over $100 next year. Apart from that, Ethereum is still my favorite. But, the Ethereum gas is too high at the current time, it weighs a bit on me.
BNB is indeed good and has potential in the future, it's just that BNB is useful on Binance, different from Ethereum or Polkadot ,, But if based on the price, BNB should have been almost 1000 usd, because the maximum supply is not much different from ethereum.
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however it's a pity that a lot of newbies don't make research but easily fall for this type of news until they get scammed before revealing their ordeals which is already late the damage has been done.
This is a problem experienced by beginners, news about anything is very easy for a beginner to believe, that's why someone like us who has been in the cryptocurrency world for a long time provides correct information about this, I personally created a special group that provides education to beginners, so they don't easily believe in anything and do their own research before making a decision.
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It is annoying that Ethereum transaction fees are currently high, especially since the Ethereum price is also being pumped. So it requires quite a lot of gas fees if you want to send tokens to the exchanges from the ERC20 wallet. So there is no other way but to be patient and wait until the gas fees fall back down.
This is a problem that many people complain about, the only solution is that you have to wait for the right time when the gas fees go down and then you swap use uniswap or send it to exchange, after that if you want to hold tokens I suggest you only hold tokens from the TRC20 network or BSC network, because of the fees of both networks it's very cheap.
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I am not sure if you want to invest in altcoin what else is ETH, doge at this time the movement is unpredictable, but if you rely on recklessness you can gain or lose, I am also a little confused about what to invest at this time seeing an uncertain market
Doge is not a good choice of coins for investment, because doge is too much manipulation from the whales, to be safer choose coins that have strong fundamentals, such as Polkadot or Ethereum. But for ethereum now has a problem with its transaction fees.
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