Latest posts of: trauchot

The cryptocurrency market constantly needs a correction and there is nothing special here, the main thing is that this correction does not last for several years, then of course it will be a huge problem, since we will have to wait several years for the next growth of the cryptocurrency market to begin, and about NFT, I do not think that this is the future of cryptocurrencies, just now there is a hype around NFT and DEFI and the time will come when the hype around these spheres will fall, so we shouldn't rely heavily on NFT and DEFI.

I have been using both busd and usdt for a long time, so you can trust both stable coins, and in general, many people have recently been worried about holding their money in usdt, and therefore some time ago I saw article that was confirmed by SEC or someone else that creators of usdt really have a lot of money and all printed usdt are also available in fiat money, so don't worry about usdt, this stable coin is 100% backed by real fiat money, thats why I holding almost all my money in usdt.

For many years I have invested in many cryptocurrency projects and very often it turned out that some of these cryptocurrency projects turned out to be scammers and unfortunately these scammers took all the investors money into their pockets and they simply disappeared, so lately I am trying not to invest in new cryptocurrency projects because this there is huge a risk to lose your money and I prefer to invest in proven top cryptocurrencies and the profit from this suits me.

If a bearish trend has really begun, then this bearish trend can go on for many years, so we should not expect that the bearish trend will end very quickly, and in general it is still not clear what will happen next with the cryptocurrency market, since it is possible that its just a small correction and after it, another growth of the cryptocurrency market will begin this year, so we need to wait and hope that there will soon be another pump of the cryptocurrency market.

I trust centralized cryptocurrency exchanges, I didn't have any problems with them, you just need to use the most popular centralized cryptocurrency exchanges and you will not have any problems, but if you will use new centralized exchanges that were created just recently, of course there is a huge risk of losing your money that you will have on this exchange, so you always need to be careful when choosing any centralized exchange and just better to always use top centralized cryptocurrency exchanges.

Perhaps this is the case, and therefore I have already sold most of the cryptocurrencies and do not panic if a long correction of the cryptocurrency market will begin, well, perhaps this year there will still be a growth of the cryptocurrency market, so for now we can only guess and hope that this is a short term correction and therefore it is necessary constantly monitor the cryptocurrency market because at any moment the market can fall or rise very fast, so we need to be careful at all times.

Investing in new cryptocurrency projects is always a huge risk and therefore I prefer to invest in top cryptocurrencies such as ethereum, bitcoin, bnb and in other top cryptocurrencies, and therefore I always get a good profit from investing in top cryptocurrencies, you just have to wait when the prices of top cryptocurrencies will fall and then you need to start investing, but with new cryptocurrency projects, everything is much more complicated and therefore you need to study each project completely.

Recently, a lot of projects have appeared that are developing in the NFT sphere and it is impossible to single out any one project, therefore, for example, I like such NFT projects like CryptoKitties, Enjin and NBA Top Shot, since I was able to get a good profit from these NFT projects and I still invest in these NFT projects because they are developing very quickly and steadily, and in the future I think these NFT projects will reach incredible heights and therefore I will follow them in the future too.

Elon Musk has been very active writing posts lately in his Twitter account about cryptocurrencies and this is good, because most likely Elon Musk also invested a lot of money in cryptocurrencies and a lot of cryptocurrency investors follow Elon Musk twitter and when Elon Musk writes something about cryptocurrencies, then immediately people begin to invest in these cryptocurrencies and this is very good, therefore, Elon Musk is in favor of making cryptocurrencies much more popular in all over the world.

Many different cryptocurrencies have recently brought huge profits to their investors, so it is impossible to guess which cryptocurrency will bring you a huge profit, so you need to study each cryptocurrency before investing in it and hope that this cryptocurrency will bring you huge profit, and in general, recently many new top cryptocurrency projects have appeared that may give 100x or even more, but which one will bring a huge profit, we can only guess.

Recently, a lot of interesting cryptocurrency projects have been released that create their own cryptocurrencies on the Binance Smart Chain and therefore it is impossible to choose one project, otherwise you can study such projects like PancakeSwap, 1inch, dodo or INJ, and also there are a lot of such projects and in general, some old top cryptocurrency projects have also switched to BSC and you can also invest in them, so, you by yourself have to decide where and how much to invest.

Of course, Dogecoin is not going anywhere, and therefore if you want to invest in Meme Coin, then it is best to choose Dogecoin, since recently a lot of large players are investing in Dogecoin and therefore I think that in the future the price of Dogecoin will only grow, you can also explore such top Meme Coins like Shiba, SafeMoon and Akita, these are also very popular Meme Coins, but do not forget that these three Meme Coins have appeared just recently and so far you should not trust them very much.

Since cryptocurrencies are becoming more and more popular and more and more countries are beginning to legalize cryptocurrencies and of course cryptocurrency technologies already are used in all areas, well, do not forget that the cryptocurrency market is growing very quickly and therefore people see all this and they begin to invest even more in cryptocurrencies and of course, even more new investors are starting to come into the cryptocurrency sphere as they see the opportunity to make money on cryptocurrencies.

Well, in general, most likely it is, because already many years I have been following the cryptocurrency market and the movement of the entire cryptocurrency market, and when bitcoin starts to fall or rise in price, then altcoins also begin to repeat the same movements of bitcoin, but sometimes it happens that altcoins by themselves grow or fall in price and vice versa, the same happens with bitcoin, therefore, altcoins do not copy bitcoin's movements at one hundred percent, but in most cases, of course, altcoins follow bitcoin movements.

At the moment it looks like it is, but so far Ethereum is still much more popular than Binance Smart Chain and I think after the release of Ethereum 2.0, Binance Smart Chain will not have a chance to catch up with Ethereum for a long time, but so far both Binance Smart Chain and Ethereum are very popular and of course I'm more used to making transactions through the Ethereum blockchain, but recently I had to use BSC due to low cost of transactions, but otherwise I think that in the future BSC and Ethereum will be about equal in popularity and demand.

The most important thing is that by participating in airdrops and bounty companies, you do not invest your money, and therefore by participating in bounty companies and airdrops you can earn good money for free and therefore it is certainly worth participating in both airdrops and bounty companies, but do not forget that most airdrops and bounty companies are scams and therefore you will not receive anything for participating in most airdrops and bounty companies and you will simply waste your time.