A lot of young users who want to get started very quickly go to futures to trade with leverage, just not understanding the basics of trading they immediately drain their capital in the first minutes of trading. I advise everyone in the beginning not to go more than 5 times the leverage, of course everything depends on the volatility, but still you shouldn't even go to x10 from the start
Many people nowdays are missused crypto as a gambling platform by using leverage in future exchanges, there people are mostly not doing investing and trust the crypto project value will be much more valueable in the future and much more profitable than what they are doing with the future market. But it's the people choice to make their own decision, but the bad thing is when they are losing a lot of money from losing on futures they spread out the their social media and make crypto looks bad for the people who doesn't know crypto yet. |
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As per the latest update an Ethereum whale has purchased SHIB worth over $2 million, is that why we have seen recovery in the price over last 24 hours? I am wondering whether this will push more users to buy SHIB as there are two reasons why users will buy SHIB, one just because it's recovering and second is the assumption that whenever whales invest into any crypto it would pump hard. Are we being bull trapped again ?
The buyer's plan seems run flawlessly, i'm sure they bought a lot of shiba to make people blow it up on forum and media like this means he trapped the newbies and pump shiba price, and i'm sure when he already in profit position he will sell all of his shiba. A memecoin is never worth to invest no matter how big the name and how popular the name is, it could be gone someday and you will lost all of your investment, so be careful. |
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I get that it goes against the fundamentals of crypto currency, but exactly for what reasons though? Assuming you're not using it for anything illegal (if you are then it's understandable), why the concern? I'm asking specifically when trading.
Because most people are investing on crypto because crypto has it's anonymousity that people could hide their wealth and could doing any transaction (legal or illegal) , that's why some people won't do KYC because they won't reveal their identity to anyone on the crypto space. But most people on exchanges have to do KYC due to withdrawal limitation so they must do KYC if they want to trade confortly and doing KYC on big exchanges is not a threat because they will keep our identity safe. |
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Lately trading have become a such of livelihood for some traders as some have turned to cryptocurrency trading to meet they daily needs and pay their bills, but have been wondering which is more profitable and less stressful since trading is base on quality decision. Should one trade passively or just trade once in a while for both emotional and physical well being.
I think traders who have the job as a professional traders which means they trading for living are less stressful because they already faced similiar market condition multiple times. I'm sure they already have back up plan for every market condition so they will take decision based on their experience and not involving their emotion. If the person is still have a job that could gain more income for trading, trading passively should be good though. |
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It will probably survive but that's not only what we want to see on a coin, if we invest on it, we like to see it rise in order for us to be profitable, in the case of DOGE, I think the pump is over as there's no hype on this coin anymore, so it will likely dump in the near future.
The same with SHIB, it pumped this year but it's slowly going down, these two as meme coins are not gonna develop in the long run as hype does not stay longer.
Dogecoins is the pioneer of meme coins investing that people are in hype right now, and at the end people leave it and move to another meme coins. As a smart investors the people should know that the coin they invested in will be the same like doge at the end, it crashed from it's all time high and never come back again, only the early investors took profits from it while the late investors are get rekt. |
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This is not necessary that the price will boost after burning a certain amount of tokens/coins by project developers like some fellow members said here it's all just a market strategy to create hype about the coin and I am totally agree with them although there are some quality coins for example bnb which is leaving a strong impact after burning a certain amount quarterly that's because the bnb developers have explained it with reasonable reasons long time ago but these days many developers want to burn coin without reasons because they think it will boost the price, this is absolutely a misunderstanding of them.
Yes mostly new project coins always burn their coins for price increasing, and the investors are happy with that. Burning without purpose and only for sudden price increase is really have a bad impact for the project in the long run. These kind of projects are mostly just a money game projects that the investors want to make a quick profit as well as the owner of the project. |
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I remembered when i was a newbie in crypto trades, i was feel like a trading god when earned more than 50% profits in a day when the market is bullish.
Most newbies fault are they are just trades with feelings and just follow people say. And also their risk management is zero. They sometimes buy a coin when the coin is in bullish because FOMO, and doing a strong hold when the market going crash.
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Is it fine to only have that much because that's all I can afford.
There's nothing wrong with it, investment is an art of savings a little of our money regularly and we will enjoy the result in the future. So i think as long as you use your free money to invest in bitcoin or other cryptocurrencies it's okay no matter how much you could spent for it because the return will be the same in percent compared to people who spend more. Just don't use a money from lending or money that you have to use it in near future to invest in crypto because that's too high risk |
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Yes i saw some people are moving to bnb and matic due to the transaction fee if we compared to those coins, it's too much difference between those coins fee compared to ETH.
The gas fee at this current time range is about 100-200 gwei which will cost more than 10$ each transaction which is too much for me.
But we should not forget that these high transaction fee caused by crowded network in ETH transaction which means there are still a lot of people using ETH for transaction. So i think it won't defeated by the competitors easily.
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To all crypto investors out there is there any way to get information on projects before they list on even coinmarketcap and coingecko most especially projects with fair launch, I believe this way one will easily become one of the early investors rather than investing after the coins have surge
The projects marketing usually used a crypto youtubers nowadays to promote their projects, so to hunt a new projects you should subscribe to some crypto youtubers to get up to date info about new projects that's coming. You could also hear the short analysis by the youtuber itself to support your decision for investing, but don't trust too much because some of the youtubers are paid to promote the projects. |
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Investing in a new project is very close to losing money. It takes various studies before making a decision. Investing in crypto is better on proven coins like Bitcoin, Ethereum, Binance Coin and coins that are in the top 10 on coinmarketcap. These coins are a safe choice for investment.
You'll be right especially when you just invest blindly and have never done the research. This usually happened to newbies before but I believe that people are already changed now and they take cautiously before risking their money. We can't deny that major new coins are worthless but there are still a few. That to admit it was a very risky move but if you are lucky and that project really has the potential, why not? Like Shiba Inu, like Axie, these are examples that the majority just ignore, and later on, it boom...making us regret. Yes i agree, those top coins like ethereum, binance, etc were also new projects back years ago. So i think it's okay to invest in new project as long as we already do a deep research before investing. Allocating 1%-5% of our portoflio wouldn't have so much impact if the project going scam at the end, but if we hit the great project, the amount could be 100x times in a year interval. |
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Saya sendiri membeli coin micin lebih baik di matket cex contohnya seperti Hotbit, disana kita bisa memasang order buy dan order sell, tetapi mencari coin micin yang early itu susah, jarang yang 100% sukses, Terlalu berisiko sih trading coin micin, tapi sekali nya nemu yg bagus bisa naik ratusan% harganya  Biasanya koin yang bisa naek ratusan persen itu belum ada di market cex tapi pada saat listing di cex baru deh harganya naik gila2 an. Saya sendiri suka hunting koin baru di youtube videos yang di review crypto youtuber, biasanya project2 baru banyak berkolaborasi dengan crypto youtuber untuk promosikan produk mereka yang masih ada di dex (uniswap, pancakeswap, dll). |
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I was also surprised by their decision. as far as I know Kraken only selects good quality and proven projects. but their decision this time is very contradictory, they are listing the shiba inu which is a coin meme with millions of speculations.
Actually Kraken is also not wrong by including Shiba Inu on their list even though it is only a token meme, what is clear is that it is a worthy thing for them to do and basically the Kraken will also benefit like listing other tokens in the past The exchanges is not care about the use case of the coins or how the coins was made for, as long as the coins has decent trading volume, the exchanges would happily list it because it will make profits from big trading tax. If one day the token / coins is no longer hype, they will just delisting the coin just simply as that, so we could not judge a coin is good or no for a long time hold just by which exchanges list the coin because the exchanges are just finding a coin with a potential big trading volume at that time. |
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This coins was made as a fellow memecoins after dogecoin and had no use case at first.
But when it's already going famous and the marketcap is one of the top marketcap, so many of company adopt it as their payment method because it will hook customer.
So i think SHIBA is no longer just a meme coins because it's already well known to many people around the world and the future of shiba is quite good i think for next 2-3 years.
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Yesterday and today, the Bitcoin price and crypto prices in general moved rather sideways. However, it is now known that crypto prices behave similarly to stock prices. Since the futures for the S&P and other indices are currently trending much more negatively, it is feared that because of the new Corona variant, the stock markets will continue to slide tomorrow. Do you think that crypto prices will therefore also continue to lose tomorrow?
It won't be crash in general because the amount of the holder is still have huge amount and the trading volume is still big compared to previous years. But there will be some coins that will haave their collapse time because the hype is not already there anymore. Something like memecoins and it's fellows will have a huge price decrease due to hype transition to another hype next year, so for anyone who still holds the hype projects coin, it's the right time to make a decision |
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This is the prove how people got manipulated just by his tweets before and how could people still listening the his pump and dump tweets after this. The whales are also making the chance to make people trapped by pumping the price right after something said by him and their innocent followers being FOMO. |
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A value of BTC0.1 is more than enough to actually make it, although it is definitely not enough to get yourself your own house, but having that value of BTC is more than enough to make it grow and invest in several projects, Bitcoin is definitely for a long-term investment, if we simply hold our 0.1BTC in the next 5 years then I'm pretty sure it may be enough to buy a mansion depending on BTC's value by that timestamp.
I think it's doesnt make sense owning a mansion with just 0.1 btc in 5 years. If we calculate, 0.1 is worth less than 10k USD and the price of the cheap mansion is around 1mil. So in 5 years, with that big amount of marketcap, bitcoin won't make 100x times price growth because they would make the whole crypto marketcap surpass the amount of money available in this world i think. So, i don't think we could make it with that only 0.1 btc |
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I will say the market has no direction now and so far we have seen a new ATH even if this is the highest Bitcoin can go for the year it's still a good profit for patient holders. To you how would you manage the price of Bitcoin now will you still risk the market or patiently wait for a new break-out on either side of the trend?
The support is strong this year compared to another year before, it bounced multiple times when the chart looks like going to falling deep. So i think it's okay to keep buying when the price is dropping more than 10%, that's already the dip for me. I still have a full confident of crypto moreover bitcoin this year because it has really strong fundamental |
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I recently discovered to myself a good way to earn money in this bear market times, maybe this method is already there for a quite long time but i just realized this method really profitable.
The method is LP staking for a projects, there are some projects that has this programs.
We will place double of our assets in a mean time but we'll get the return more than twice of our placed amount in a month, which is if even the coins crashed 50% in the next month, we will still get profit.
Just make sure we stake on a good project and not scam.
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I was a holder of the vulcan forge/pyr token I buy it for 2$ and I already sold it for only 2x profit and as what I have seen today it is mooning and listed to binance and it has now a very big potential to go even further from it's price today. I see gaming project is rising and has a very big demand for this present days my question is should I buy pyr today or is it more risky to buy it now?.
Just like the CEO of binance said in his tweets some moments ago "if you can't hold, you won't be rich" But if we already make 100% profits, we are too weak to not sell it because we see other coins crash. I'm also the holder of PYR back then and sold at $5. I'm not expecting this coin will do binance really soon, and i'm sure every coins that already listed on binance have a great roadmap and future plan. So i think it's worth it to buy right now but don't expecting 10x - 20x growth like it's before binance. |
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