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2 days ago the price of bitcoin was in the bottom which was around $ 17k, and the current price was around $ 21k, maybe we were late because we did not buy bitcoin when the price of $ 17k, but if we didn't buy it immediately then we would regret it because I was sure starting today Bitcoin prices will not be cheap anymore.
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2 coins namely BTC and ETH are what determines the market, if BTC and ETH Red then we can be sure that the market is immediately red, and now is a difficult choice because the price of ETH drops is below $ 1000 and currently around $ 980, if the market is not immediately rising anymore I'm worried that I will continue to drop and make a lot of altcoins that I save also drop significantly.
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If we look at the market conditions that are difficult to guess like now I prefer to collect many altcoins, and until now I have around 30 altcoins with almost the same percentage, in my opinion by storing or spreading assets to many places, of course it has more potential for profit, and If calculated since the market dip a week ago My Assets also decreased by around 30%.
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No need to wait for 1-2 years, im sure if you buy right now and hold it for at least 3 years, you will get the profit.
The hardest part is when we holding, we need to have some patience to overcome this bloody market, and it is not only alts, but bitcoin as well.
Hold Assets are now like Hold fire, it's hard not to panic when prices continue to fall, with difficult market conditions like now it seems we have to go for a moment from Cryptocurrencies, don't sell and return a month, I'm sure it doesn't need 1 or 2 years to see Price, maybe if we are still patient for at least a month then it can profit at least 10%. |
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There is always a lesson from big things, when we lose maybe we learn more than when profit, and the red market as it is now a good consideration for learning a lot about trading, studying trends and market patterns and this will make us profit in next day.
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Crypto trading is a unique thing, the opportunity to rise by thousands of percent in a day can be obtained, instead we can lose 99% in a day or even less, as happened with Luna only takes a week to drop from $ 100 to $ 0,0001, and in my opinion things What we can do is determine the target profit and target loss, what I do is immediately sell when profit is 10% and immediately sell when a loss is 15%.
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It is unique if it takes 4 years for profit, of course this is a lesson and enthusiasm for us that the opportunity for profit in cryptocurrencies is very large, and now more and more project choices from defi, nft and that will become a trend are metaverse, and in my opinion our easy thing Doing is to follow the current trend, and top Influencers have a big impact on the development of cryptocurrencies.
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If calculated on average the average bitcoin that I save is at $ 52k, the mistake that occurs with me is buying when the price of rising, the highest price I have bought is around $ 62k, and once sold in April when the price of $ 38k, when the price Then red like a few days ago then there was no choice for me other than hold and not panic.
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One have to be watchful as we buy more bitcoin, the way the market is going down it seem the market will still go down dip. It is never still bad to buy bitcoin at its current price if you still believe in bitcoin and can have patience with bitcoin for the price to comes up . Let the emotion decide if it is okay to buy because of volatility.
Today the price goes up more than 5%, and hopefully there is no negative sentiment that makes the price will drop, I'm worried that if the price drops below $ 20k it will continue red and difficult to rise again, if 2 or 3 more days the price can reach $ 25k then I am optimistic that the price of Bitcoin will continue to rise and return to $ 40 no later than July. |
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It seems like we are bored with a lot of covid variants that make people difficult, the economy stops and social limits torture anyone to live, if a new variant emerges then the best thing to do is prepare a place of treatment and I hope there is no more social restrictions that make my finances become chaotic.
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Social media changes about many things, those who have wealth are very easy to show off what they have, this makes anyone feel like imitating them, without money it seems impossible to be able to live, especially everything in the house must be paid with money, this What makes everyone busy with money and no longer care about the others.
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These few days make us depressed, I'm sure many have difficulty sleeping and do not feel good when eating, market drops more than 34% in 5 days, even many altcoins are significantly dropped like Ethereum which also drops more than 40% in a week, this is The more makes us have to be vigilant when investing, don't sell anything to invest in Cryptocurrencies because bad things can happen quickly.
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I think investment in new projects is a good hope for profit when the market red. I was surprised by the market today which dropped more than 8%, the price of bitcoin dropped and made many altcoins that became my assets such as BNB, ETH, Matic and so on also drop.
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I think Hold NFT Coins are the same as ordinary coins, there are opportunities to survive, increase or die, the NFT community will determine the future, although we want a long -term hold, but I suggest to always know the latest news that is usually in the group telegram.
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After I kept almost 8 months of Luna and did not sell when the price of more than $ 100 made me regret and now I just invest in the top coins if you want a long -term hold, surprises often occur in cryptocurrencies because the coins that we consider will be brilliant to drop and even die, though We hold the long term but we must be realistic, if the price has dropped more than 25% then the cut loss immediately is the best option.
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That is already a solid thought, though it would be quite of a long-hold for you for obvious reasons. I wouldn't just think of buying other coins , unless I am fully sure of it. There are many shitcoins these days that aren't worth holding at nor even worth investing your time for.
Just do with BTC and you would be fine.
Investing in shitcoins is just a waste of time so think carefully before making a decision on it, however it is too risky and better invest in coins like Bitcoin, Ethereum and BNB, but again everyone has their own choice Shitcoins usually only pump for a moment, they rely on telegram or discord group to make other users buy, other users buy and then sell slowly so that they make dumps, if we invest in shitcoins then make sure always check prices at least once a day because the opportunity to drop is very significant. |
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I think stable coins are not the best solution for solve the poverty, the stable value of coins will not increase as in decentralization, so that the decentralization of coins is more realistic for solve the poverty, as did El Savador, Panama and several other countries that are currently open tender for legalization Bitcoin is a very smart solution.
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When the market is still bearish, the thing I do is hold and wait for the right time to buy, the bearish market becomes a good opportunity to buy, never sell because I'm sure we will lose money if we sell while still bearish.
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