too many bankrupt cases in this bearish year and it's very scary, luckily i don't have any coins in FTT, LUNA or CEL,
but i have -90% in other altcoins and yes it hurts a lot,
but i also don't want to give up and try to that improve my portfolio to be bullish later.
This has always been the normal occurrence with cryptocurrencies and that's why it is expected of us to know well the kind of crypto projects we are going for, the recent events should be our best and master teacher in the aspect of choosing a currency for an investment in cryptocurrency, I've considered these kind of occurrences as one of the reasons why many choose bitcoin to invest upon because they already know that they cannot be scammed and the crypto is decentralized. Yes Bitcoin and other top coins like Ethereum and BNB I think it's a much safer investment, that's how it is because sometimes we have to experience it ourselves so it doesn't happen again in the future, The thing to remember is to always do your research before investing. |
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I suggest that for long term investment you should choose ETH BNB or BTC. I see that SOL's credibility is currently declining, this is also evident from the price of SOL which continues to drop drastically and the ranking on CMC also drops. currently there are very few new projects on the SOL network, the last one is a meme coin called BONK which slightly increased the price of SOL but is now starting to fade.
If talking about the three coins, it is clear that there is no doubt and is very worthy for long-term investment, and regarding Solana I still see it as a great project with potential, I hope Solana can continue to grow and we'll see. |
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Because money is the main core for survival. food, clothing, shelter, education/schooling and more need money to survive. Therefore money rules the world.
The essence of survival lies in maintaining good health rather than amassing wealth. Money, in essence, serves as a tool of exchange sought after by everyone to secure their future. The pursuit of money can be likened to chasing an infinite number. When you manage to accumulate more money than you need, you will constantly crave for more and relentlessly chase after an immeasurable sum. The human psychology that places money as the ultimate goal ironically empowers the global banking elites, as they profit from controlling the world's wealth. They have the ability to print money, manipulating psychology and exerting influence over the world. Chasing money is basically endless and it is part of greed, in living life I think we need a balance which sometimes we forget about it so we only think about money, do not let our lives be controlled by money. |
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Even a veteran will have a difficult time to know that criteria. That dog logo might just be a hint but it's hard to just associate it because of Elon's presence but yeah meme coins can even get more than that but it's too risky to take. The difficult was on trying to find that meme coin that will be supported by the community.
I agree with you, a few years ago it was much easier today to find a project that makes a significant profit is very hard, still possible but only for few investors. Apart from being difficult, at the moment there are more and more scam projects, whether it's just my feeling or not, but to find a project that has real potential, we need to spend time doing research and that takes quite a bit of time, we have to be careful in making decisions and that's important. |
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It is proven and tested that Bitcoin is a good investment in the long-term and that cannot be denied, and Bitcoin has many features that other cryptocurrencies do not have, even if it is used as a payment option online it is a big deal how much more even with the opportunity it gives to people. In addition to this it also provides savings in the future, so the scalability that you are talking about is only a low percentage of the problem that a bitcoin holders will face honestly in my opinion.
I think the number of Bitcoin usage is increasing day by day. Through Bitcoin we can now do almost all the different things starting from payment. Bitcoin usage is increasing day by day. It seems that at some point all people will use Bitcoin. .But it will take a few more years. Everything is getting smarter as the days go by. The development of Bitcoin is truly amazing and I think maybe 10 years ago I never thought it would be like this, what is certain is that the number of Bitcoin users will continue to grow and that is also inseparable from the information circulating more and more, This is interesting and we just follow its development. |
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1000x you can look for it in medium cap or low cap,
don't buy altcoins that are in the top 100 because obviously it will be difficult to reach 1000x in the bullrun later,
I have low cap altcoin recommendations that is VSystem, Tokoin, Pando and VITE.
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When I looked at the title, I thought, "Oh, it would be interesting," but no, it has to do with waiting for the meme. It's not safe to expect the meme to pump rockets. When looking at the prices of these charts, the hype is that they are no longer evidence of their pathetic prices. So there is no reason to invest in these high-risk coins.
Investing in meme coins is very risky and it's definitely not worth it to me, lots of potential coins really worth to invest in which the possibility of making profit is much bigger, it will be safer to invest in top coins. |
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To play safe we must invest our spare cash, but if a person is accurate enough to observe the market and realize that it'll pump to a certain amount and yeild them profits they can invest more than their spare cash and wait for results. Though, it's risky but the higher the stake the bigger the profit, thats what ww should consider as well. Hence, the person that took the most risk will profit or loss more than the person who invested just his spare cash.
Investing more than the spare money is not really a problem, what really matter is after investing a particular amount of money how long can you excise patience to wait for the investment to yield profit. Making good decisions and to have patience is what makes an investment to be productive. People just need quick money, this is the major concern but they do not consider what it takes to have money from an investment. You can still use your spare money to invest and the investment still becomes unproductive, this happens when people lack patience, and too desperate to make money. True, don't expect when we invest, the profits will come quickly, investment is basically about how the process goes through and it takes time and patience, they will realize if they try it for themselves. |
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Altcoins Dead? yes some have died, and we cannot deny it, but we need to know that there are lots of altcoins that are still alive and have strong foundations,
for example BNB, ETH, XRP and XLM and many more,
what I mentioned is the large cap and you don't need to worry that the four altcoins are very safe compared to the ones that are already bankrupt like FTT, CEL, or LUNA,
so if you say altcoins are dead, they are dead, but not all of them are dead.
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of course the price of Binance can reach $1000, because you can see from the chart that the price of Binance has fallen not too far from the ATH price and that proves if many people believe to investing in Binance, so that's what keeps the price of Binance still strong, therefore I am sure that the price of Binance will definitely reach $1000 soon, so now is still the right time for you to buy Binance, because the price will increase very high in the next bullrun (minimum $1000).
BNB is one of the potential coins where the quality certainly cannot be doubted, the possibility will always be there but by looking at the market like this it certainly takes a lot of time to achieve that, the most important thing just follow the progress. |
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Most professional traders aren't prefer to trade in bear market, but bear market doesn't stop them to trade and they can still able to beat it, while newbie traders are mostly lose during bear market. Bull market is the most preferred market for any traders because the possibility you will make money is really high. But many people get trapped in bull market because they sold their coins and make small profit, but the price keep rising and they keep waiting until the price drop, however it never drop.
I think that experience speaks for itself because trading in a bear market is certainly more risky and you need to be careful in making decisions, for beginners they don't need to force and it's better to take lessons from the defeat, just a little wrong in making a decision it will be a loss. |
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Yes Bitcoin is safe but it also has limited returns compared to other altcoins.
I will take my chances with XRP - it will do a 10x in no time once it comes out they have won the case.
If you will take high risk then return will must be big in cryptocurrency. Meme is absolutely risky investment so you can get 10x to 50x return but there are no guarantee it's kinda you bet in gambling. Btc is safe investment and it’s long term. If money is your so you can invest in XRP but i don’t think it will return 10x-12x in the bull run. Investing in meme coins I feel is like a gamble and the risk is too big, better invest in top coins and it is much safer as you said, but again everyone has their own decision. |
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To invest in Bitcoin but we do not have capital, it should not be to borrow money from others and at certain banks because it will be very risky because the value of Bitcoin is fluctuating and we will not always get a profit, so you need your own research so that later you don't blame others, and the advice you give is very appropriate because you not only give him a big lure but also risk you say, So it all depends on his own decision.
Yes borrowing to invest in Bitcoin is certainly not the best option and better avoided, especially for those who are beginners, don't try it because the risk is big, unless they are very experienced they certainly know what to do. |
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according to technical analysis Litecoin can indeed make surprises, and even parabolic,
because the price of Litecoin below $ 100 is very unreasonable,
we know that Litecoin will also do a halving soon, and history says every time it goes to the halving and after it the price always shows positive,
Of course this is a good opportunity to buy LTC under $100 again.
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~snip~
So this have led me to ask this fundamental question of what role have altcoins played in the cryptocurrency industry, Has altcoin played any significant role in increasing the adoption of Bitcoin?
Have alternatives cryptocurrencies help the growth and adoption of cryptocurrency in the global market and how far have the presence of alternatives cryptocurrency help the industry positively?
Or Negatively?
Altcoins help cryptocurrency adoption for sure, there are a lot of altcoins with many utilities that Bitcoin doesn't have. just like its name altcoins tends to become alternative to Bitcoin since some of them have lower fees compared to Bitcoin, some of them have NFT and metaverse that Bitcoin doesn't have, and many more. Without altcoins, I'm pretty sure the crypto industry won't become this big. It's true that basically everything has its own role in this cryptocurrency industry, however we cannot underestimate the role of altcoins, what is clear is that all of this makes the cryptocurrency industry grow and that's good. |
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Before experience users of cryptocurrency just hear about the things but they realize the main them when they experience bad or good things. One cannot understand without keeping a list of good and bad about trading and success is possible of a person participate and then make a better decision based on circumstances.
You are right that in every field where there is benefit there so exist some difficult conditions which is necessary to understand. I think if a person regularly trade for some times and never get rid of it when loss little money then it become possible for him to achieve the success after examining the reality.
Basically the more experience it will make us learn many things and also make the possibility of success greater, all that takes process and it takes patience, the obvious good to or loss is part of trading. |
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Of course it's nice if we have passive income from saving, there are many saving options that we can choose to get passive income, of course it takes a lot of capital to reach this passive income position, but if we start from small things and we do it regularly for a long time then we will be successful.
Saving is a very important thing in life and it doesn't only apply to those who have passive income. Because those who don't have passive income also have to save even though it's still very difficult for them when they want to do it, especially for those who already have passive income. It's definitely easier to save the amount of money they want each week or month, and I personally also make savings for the time being in case of a hard time or a sudden large need. That is, I don't dedicate it to being successful even though I also don't stop fighting to be successful in my life. Sometimes many people think that saving is not important but to be honest it really helps, saving is not for now but for the future besides that we also never know what will happen later, regardless of whether saving or not is a choice. |
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That's why we are better to buy top coins, don't buy random coins. But if you buy them during bullrun season, it will be riskier because the price will be free fall in the next bearish season That is the point what Newbies should be followed. but Newbies always want more money within short time and that's why they bought random unknown coin for double their investment as op said, some coin increase more than two time during bullrun, are kind of trap. But for exparts, Sometimes investing in new coin with little money is okey but top coins are safe choice for newbies as always Experience from beginners is still small so they need to learn and it's better to just focus on that, they just want to make a quick profit and that mindset needs to change, if you want to invest indeed the top coins like Bitcoin, Ethereum and BNB are the right choice. |
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I don’t even know what is the point of these expert opinions if some forgot to mention DREEM Metaverse?
No one forgets the opinion of the experts. However, the opinions of experts should not be used as the main reference for us to make decisions in investing because there are no experts who can accurately predict the price of coins in the future. Therefore, it is very necessary to do separate research in investing in any coins so that we do not experience big losses. It's true that no one can guess the price of a coin in the future, they just guess, the results can be wrong and right. wise decisions are taken by the results of their own research, the opinions of experts are only limited to an illustration or as a guide for the rest, we decide and manage it before making and choosing a coin for investment Correct. I agree with you that no expert can accurately predict the future price of a coin. In investing in crypto currency, we must be able to do our own in-depth research so that we can minimize risk. Moreover, the price of crypto currency is very volatile. Yes crypto is really difficult to predict so don't expect to be able to predict accurately even an expert can't, crypto price movements are indeed very volatile and this is the importance of doing research, research must also be carried out with continuity from time to time. |
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