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For me, entering into cryptocurrency business is a big risks, because it is sacrificing your about to keep or sell, you have to risk in crypto space and speaking about new and young projects, some are successful and doing good things in the long run and also some are unsuccessful since many new projects only run for the hype and they doesn't matter if the project is fraud or not.
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Since Ethereum network upgrades to a high level price gas fee, i think the proper and correct way is that you just wait and let the gas fee goes down so that you could transact for a lower gas fees. But right now isn't friendly enough to do such transactions since Ethereum gas fee is so high now. Just patiently wait for the good timing for a lower fee.
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If it's for the next bull market really occurs, then i have some of altcoins that I'm hoping to bloom in the next bull run. Aside from ethereum coin, i have DIA, WPP, BNB, COOP or GMD, and also XRP. I hope these altcoins could give me some very good price in the next bull run. But for now, i just have to be patient about holding my assets in my MEW wallet.
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For me, burning is good both or investors and holders due to the reason that the circulating supply may decrease and by that activity the coin that is burned could possibly increase it's price since some of it's supply is burned. But some also doesn't have the effect whether the coin is burned or not, it only remains the same price as it is.
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It will surely survive for 5 years of holdings or even more thank that, because those top coins are good even for long term investments. I believe you could definitely earn profit after five years for sure. Just believe since you now take the risk of investing, those top coins has the potential.
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I'm not an expert in price prediction however I'm lucky enough to hodl my 2.5eth in my MEW wallet that i bought last year, luckily what i hold is multiplied by 10 it's value from last year's price, and still hoping to go it's price up like bitcoin or not as big as bitcoin but to increase to it's peak highest value within this year.
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This is the current generation where bitcoin starts it from bottom to top as a cryptocurrency most famous coin. Even after a decade bitcoin shows good performance in the crypto market and becomes the center of all coins in crypto world and several says that bitcoin fluctuates most of the coin because whenever it drops, several of coins in the market also drops, same if it goes up.
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In my perception, it can be the right time and it could be also not, i say ut can be the right time because Ethereum coin is a potential coin and is very good to invest with even in a long term investment. I also said it could not be a right time now because it is as it's peak value or bullish time, and has the greater chance to slip it's price down than rising up. However it's only my own idea, I'm not an expert when it comes to crypto investments.
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For me, i rather choose projects with good reputation and has a good vision on it's plan than a projects that has a large group or community that doesn't even have the potential to grow it's development in the long run. Although team is important in a project, but what's more important for me is it's good platforms so that it could get attention to many investors and by such way it can grow bigger.
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There are a bunch of new projects in cryptocurrency business. However to choose one is you should deal with circumstances such that it could go to a way you couldn't earn or you could earn much, you just have to take the risks in order to explore and meet the chance to earn. Some good projects now is SOLANA because it is under binance Blockchain.
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For me, it's a good idea to fill your bags with SOL tokens and invest for a long term investment, i think this would pump it's price in the long run since it's blockchain is good project and has an innovative plan with their project's vision. But i think we should only invest to what we want to lose, since cryptocurrency business ain't that easy money, it takes risks for several instances.
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It takes two different ways for me, if you're afraid to lose from your $200, then you should only stick to invest on the top coins in crypto market. But if you're willing to lose what you've invest, then it's also better to step up your investment and invest to those new projects that are legit ones and you might earn big by exploring new projects with great opportunities.
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In my point of view, if you don't want to explore some new altcoins in the market and doesn't want to lose like any single penny, you just need to stick to those top coins in the crypto market such as BTC, ETH, ADA, XRP, BNB and many more, you'll find a profit from such coins just hold and wait for it's increasing value. But if you want to expand further your experience in cryptocurrency, you should try to invest with some new projects or altcoins in order to earn big,however this is not sure since many of the project didn't work out to be as it is in what it's vision or plan in the long run. So, as a conclusion, invest wisely.
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It's going pretty good and i think it could go better in the long run, as it further develops and many crypto enthusiasts are glad about NFT hype and its bright development in the future. Several projects are taking pace about this hype and it's a good sign that cryptocurrency goes far and innovative like this.
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Many have earned a lot in investing ethereum coin in this year's crypto market, but i think if we discuss about the two coins here that the common they have is they are the same potentially capable for being good long term investments. However, ethereum network now makes big discrepancy on the gas fees transactions compared to BSC network.
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This is a very great idea for the beginners to enter the world of bounty campaigns. As a bounty hunter, i suggest to add to those wallet address to have is the Binance Smart Chain wallet address, because most of the bounty campaigns nowadays requires this type of wallet and only few projects now for an ethereum erc20 wallet address.
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In my perspective, some of the shitcoins kept in our wallet would remain priceless even for decades, since there is a no chance for several shitcoins to be valuable in the long run. And i think although there's a possibility for some of it to have good price in the future, hopefully it could have a price that cannot anymore be called as a shitcoin.
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Seeking knowledge is a must in investing cryptocurrency. It is necessary both for newbies and once already familiar with crypto, and it is a safe move for a beginner or newbie to stick into top coins when investing since it could give them assurance for a profit even for a long term investments.
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It's a good outcome for the cryptocurrency world since some known people could be an influencer to cryptocurrency investments. I think even if they cannot earn profit, they have a little to lose since they have already many money out there and some of it they just keep it to crypto. And gladly they invest with top coins.
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