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investing in meme coin right now I think is very foolish if coins like bnb and eth is already heavily discounted, with meme coin you could literally lose your money but with bnb and eth there's smaller chance of this coin value vanish into thin air.
moreover there's fewer meme coin that could gives big roi, so I don't think investing in meme coin is good idea.
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The reason i deposited the fund is to buy their TKP token because it is cheaper in BNB pair while ETH pair is higher, so i wanted to trade it alittle before withdrawing it. Unknown to me that i can buy but can't sell hahahaha.
Your main intention to take arbitrage chance from both of pairs but you have ended by getting scammer by exchange site itself. You must also know that if there was no liquidity in that exchange site and that makes zero chance to did arbitrage. Trading only in the legit exchange site. Even if that will be more difficult to did arbitrage at least it can be trusted unlike this garbage exchange site. |
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I have been accumulating some mana for long term investment. Investing in this kind of token was not so bad at all. I think that you need to consider if mana was almost at the top of metaverse token below ape coin right now. That's my consideration to invest in this project.
This can potentially to go to the moon once bullish trend will occur very soon. I just remind you that any token has possibility to increase during the bearish market.
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good metaverse token of course goes to SAND and MANA, because there is no doubt about the metaverse from Sandbox, and Decentraland,
even big companies are also partnering with them, of course if you understand invest now, because SAND and MANA are still very cheap
even though they are good their market capitalization is already too big that there's definitely smaller chance of making good returns, I think it would be better if you choose metaverse tokens that are still relatively low in market capitalization so that you have bigger chance of making better return in the long term. after all, if metaverse tokens already have big market capitalization, big chance you're already late in investing. |
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I think diversifying less is better, investing in just the first five of your investment choice will gives you better return in the long run, basically because these coins are already so heavily discounted.
moreover, it seems once other waves of correction coming in, most less famous coin will definitely loses their value significantly, it's just better investing in your first five choice of investment since they are famous.
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actually seeing from the current chart in CMC so many NFTs are actually hardly holding up with the current trend of corrections after corrections that majority of the NFTs has lose big share of its value.
instead btc could have rally and easily reach the value of $26K in the future considering it's already having many rallies recently.
I think instead of investing in NFTs you better off investing in btc and some other coin like ETH and BNB instead.
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I think it's error coming from CMC as it could potentially misled many of traders with its error, Even if it's their business decision in making such lists I think it's really bad decision that could mislead many of the traders in the long term.
there are many cases in CMC that makes some coin have wrong market capitalization due to wrong supply listed.
so if you want to check some coin valuation and market capitalization it's better if you compare cmc with coingecko so that you can be really sure with the market capitalization of the coin.
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it seems solana and matic is kinda trending right now considering they have made quite the growth in these recent years moreover they even seems like kinda bullish even in the correction trend.
I think they definitely the ones that could make a tremendous increase once the future rally comes in, the other are definitely coins that falls under different categories like NFTs and metaverse that is gala and vulcan forged that have potential of reaching their ATH again.
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I think just choose the ones with lower market capitalization since it seems they are definitely at equal standing if seeing from their developments, moreover both of the platforms have active teams that keeps striving in developing their platforms further.
meanwhile it seems gala also already have a roadmaps of further increase their influence by making some other platforms that isn't limited with only gaming, if gala could succeed in their implementation then gala could become a great investments even though you should see the supply of gala that's kinda large.
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You aren't the only one seeing this mate, as a matter of fact quite a lot of people saw the same thing years ago, they called it " The Bitcoin killer", what they saw and said then was that in a few years Eth will be better than Bitcoin in every respect, a few years came and went, but still there was no sign of their prediction coming into fruition; what you are seeing is very common, the only thing is that it can never come to fruition.
this is true, for eth that was being called btc killer it really hasn't come into fruition ever since really long, even with the migration and the massive trends like NFTs recently it still couldn't over take btc moreover btc instead increasing its dominance in every bullrun. I'm sure once the bullrun comes again market capitalization of btc will increase again. |
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these big coins like eth, bnb and soon are still quite literally under the influence of btc so far.
their charts looks the same and the trend are still following btcs in general so i'm sure that even in the future they're still gonna follow btc trend.
moreover the big institutional investments flowing in btc instead of these coins like eth and bnb, until this days the big fund management companies are still prioritizing investing in btc than the other like eth and bnb because they think btc is definitely good choice than the others meaning that these coins will hardly take over the capitalization of btc in the future.
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right now no one famous shilling for meme coins in general, I think from now meme coins need to increase their valuation by themselves without some shill coming from like elon musk.
therefore you could judge from the innovation that these meme coin brings and deduce conclusion whether these meme coins in general still deserve our investments and maybe could score good return as before.
so it depends with the meme coin itself.
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I think as long as btc could always grow its value majority of the coins in general also gonna grow their value, you could see that the higher ranked coins are having value increase if you compare it to few years back.
though if you're asking thousands percents of value increase from a coin you just better off investing in meme coin since they're the ones that could achieve that kind of massive value increase.
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If people are really smart and they shall aware with any problems that happened with solana. I never invested in this blockchain caused by so many bad things happened with it and that makes me become even careful with the future of blockchain.
I avoid to invest on it due to the so many problems but i don't know why people were choosing to invest in this blockchain and after they lost their money and they blame the blockchain for that. It's not right. his investment and his decision.
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right, the supplies of these meme coins are too inflated, basically too much for it to ever increase its own value, without shills coming from the famous people.
these coins I think requires tremendous quantity of investment flow for it to increase its value and it isn't like alts in general that could have demands from their innovation and utilization, these meme coin exists just for speculation.
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investing in new project is fine as long as you know risk management, since new projects tend to become massive disappointment in the long run since there are many things that could make it turn so.
though it can be argued that investing in new project even with small money could become massive returns but then again it's high risk high return investment that's definitely could always make you lost your investment completely.
the key is risk management so you wouldn't completely lost your money.
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that sense of missing your potential profits could be identified as greed and it could gets you losing your investment if you continued holding for much more time even if the investments you are holding already hits ATH.
I think you should take profit if you think you've already made quite the number of profit and could always reinvest, that way you aren't gonna miss out the chance of taking profit instead.
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the key is always being realistic, there's always limit that meme coins like shiba couldn't surpass that's having larger market capitalization than bitcoin, moreover the trend of meme coin is like already fading, no famous figures are shilling for it anymore.
moreover shiba brings no real innovation whatsoever, so I think it's just never could reach the valuation of $1 since it's actually unsustaining for shiba inu, the flow of investment need to come from somewhere and $1 is unrealistic.
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investing in low ranked meme coin, most of the time you're just gonna losing your investment, it's just 1 out of 20 meme coins that could somehow give you good return and the rest meme coin just gonna make you lose your entire investment in the long run.
these meme coins exist definitely isn't to make you rich, or anyone else rich but themselves, if you think you could make easy ROI from these meme coins that's largely manipulated then you're wrong.
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