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Yes, that's how it is, crypto is hype and invites fraudsters to enter to make a profit from us, so it's our job to be careful. Just a suggestion, don't just look at CMC for new projects, check their auditors too, check Certik for example, so at least you're not too blind in choosing your new investment area. Good luck mate!
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Sad story mate, and I'm sorry for you, from your experience we can also learn here, thankyou.
Yeah that's why I don't like the new meme-based coins that are hype at the moment. I'd rather be patient in holding large coins with little profit than investing in companies like the OP mentioned above, its too risky because obviously we don't know their credibility.
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TRON is a sleeping giant, we know that TRON is so complete as in the description by the OP above, and TRON is still not screaming loudly to stir up the market. I think it needs a big break in it, like Elon who played Doge a while back, we need something like that I think, and we will see TRON multiply its value in the market. Honestly, I was the one who waiting for that to happen. Crypto is full of surprises, so I don't think I'm exaggerating on this.
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Yes, I'm on the side of agreeing to short term investments in Alts options. I think not all alts are credible and good for long term hold, the problems in them are sometimes so complex and can make their project stop any time and result in a scam on the project. Unlike Bitcoin, which is independent and moves independently and guarantees significant growth every year.
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Yep, what the OP said is right, we got quite a loss in the bearish trend this time, and it hurts when I believe the market will be good this February but it's not, sad it seems. If this continues, maybe within a year we will be in a sideway downtrend and will be bearish until December, what a scary nightmare.
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It depends on how long you need your capital to grow, if in long term hold, my choice is ETH or Bitcoin, that's clear, for middle term hold, I choose BNB or MATIC with the blockchain which is now selling and will develop in the coming years. and if in short term hold, I will choose a coin meme, I don't know for sure, but I will choose a coin that is hype and I will do a hit-and-run strategy in it.
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Ever since Elon left Doge he's been like a chicken that lost his mother, we all know that what happened at Doge was almost a huge market manipulation, prices were inflating madly and everyone was so carried away with it, sad for them.
But what is happening now with Doge, this is a healthy market for them with organic growth, without market manipulation and normal buy and sell orders. I can say that Doge still has great potential in the future because there are still many big markets listing it. IMHO
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If Bitcoin reaches a price above $100K, maybe yes you will be rich, but it won't take long if you don't use it wisely, it will just flow out.
Talking about its value, 0.01BTC wouldn't be worth it here if we didn't convert it to Fiat, and I think it's the same in most areas that don't yet accept Bitcoin as a legal currency.
So my answer to this discussion is, 0.01BTC can make you rich if you play the money wisely.
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I agree with what the OP said above, and I've been thinking that way ever since I understand Bitcoin. But what we understand is contrary to what the government wants, they want restrictions on what we do with regard to the economy of an area, this is actually colonialism, but this is also one of the government's protections against us as the most basic economic driving asset. So in my opinion, Bitcoin does beat Fiat by a landslide, but the government won't let it kill us and them because of its infinity.
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I think mining activity should be outlawed, because no one is harmed directly by it, I mean, mining could become a real job one day. After all, with the presence of miners, their existence will strengthen the work of the blockchain itself, in a certain ratio. So I don't agree with those who limit mining activities in their area, just free opinions, not meant to offend.
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