Since all this while that mining altcoins have not been profitable like before i don't bother to keep mining coins so i just lock my mining rig in a room and now that bitcoin halving is knocking on the door i think its a good time to start mining even if its not profitable? i believe if bitcoin surge over 30k altcoins will take the ride we've been waiting for, anyways, what do you guys think? good idea or bad ?
the idea will always be good i think, because when many miners decide to stop, but on the other hand i think they make decisions too quickly, meaning when they are still able to do it maybe without getting the expected benefits but at least by continuing to mine you will continue to earn coins mined until there will be a time for you to sell when prices are on the moon |
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because of the popularity when the project gets a big promotion by those who actually don't know the actual project too, with so many promotions there are at least a lot of people who later become FOMO without doing in-depth research, cases like this have happened repeatedly and nothing can be prevent them before they have lose and at that moment they will realize if indeed they want to think
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It seems normal like that. With large capital automatically the opportunity to get big results is more wide open. Instead of just relying on small capital and hoping for a little luck to be able to get big results. It takes a lot of patience to get results and must be willing to go through the process.
My own position is only a small capital, so I just enjoy the process of my trip.
yes trading with large capital is always fruitful and returns a good profit but only in that case if one know all the strategies of trading and could handle all the difficult situation, trading with large capital needs a lot of patience because the ups and downs of market sometimes forces the traders to take wrong decision that is why controlling emotions is very important, along with that trading with large capital needs very alert traders to keep an eye on the market all the time to decide the good time of selling. not always with big capital will get big results too if the case is you just buy randomly without knowing the potential that exists, so the conclusion is that even if you only start with small capital but you can get a good project with a large potential, then at least with small capital you still have a chance to get big results too. we don't need to assume that those who get big returns start with big capital or it can only be done by rich people, because skills and experience will produce good results in the end |
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If you are good in trading, then trade, because it can bring a lot of profit. I cannot trade at all, so I prefer to buy a promising coin and to hold it till the better times. In my opinion it is less risky and more profitable.
The risk is indeed low if you buy for the long term. But in this case, one thing to pay attention to is what coins you want to buy and for you to store for a long time. If the coin has no potential or a newborn coin, it will have a high risk. Unless you buy coins that are good and potential, it is a good thing for long-term investment. that is what has happened so far when many people only suffer from the wrong buying and or investment, because not all coins have good potential in the future and if that is the case holding it for the long term will only get a loss. so in this case the risk will at least always be there so whatever is done at least you have to know what coins are worth trading and what coins are worth holding for a long time |
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preparing hodl or long-term investment is only about patience and high self-confidence, because when you have decided to spend money on a project then at least you are sure of what you have studied in related projects. so next is to remain patient and confident in what has been decided at the beginning so that you don't panic when a big dump happen
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If we are being discipline while betting then we may not lose much money so yeah it can be considered as successful in gambling but it can be depends on lot of factor especially when someone looking to play to hit jackpot then they will feel success only when they hit it,when someone want to get the pleasure of adrenaline they will be successful as long as they can able to bet without losing much.
the point is when someone expects to win in gambling then at that moment you will lose more, but when you can do it with discipline then you will not continue to bet and have the right time to stop before all your money is lost in gambling because of a strong desire to win the bet |
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Well.. would definitely agree with many of your points. Checking the price once every 5 minutes is not something that is advisable. It creates unnecessary panic and you may commit mistakes when you are in panic mode. I am saying this from my own experiences, as I have committed similar mistakes during my early days (especially during 2012/13). Bitcoin is an asset which is more suitable for long-term holding, despite its high volatility. So the best thing to do is to hold the coins and forget about them for at least 12 months. Check the prices once every 6 or 12 months and sell a part of the holdings when you think that you need to do profit booking.
but not all crypto users only hold for long term and if all crypto users only hold, hold, and hold prices will not continue to fluctuate and that is very different from reality, basically crypto users at least want a quick profit even though it is a small profit but when day trading continues it will also produce a good profit. indeed, it is not recommended to check prices every 5 or 10 minutes because movements within that time period will not make a profit |
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I know ETH would be on the list of the potential alt-coin that would increase in the next bull run,
However I don't think that it would be that high maybe around $500-800 would do but I don't really think that it would go all the way up to $1,000.
when people believe bitcoin will reach the new ATH then at least it is also a big hope for ether and other alts to surpass the previous big surge. we know that even ether prices can reach around $1,400 and that is an unexpected and unpredictable achievement, so it is very possible for the next bullish trend ethereum and many potential alts to reach higher values |
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wishful thinking is if you just expect big profits without doing anything, you have been here for a long time at least 4 years but you still don't believe in bull run?
very strange when you ask bull run is something that is impossible, i'm just curious about you all this time, whether you pay attention to the market or you just stay quiet without knowing the market is bullish or bearish. the crypto market continues to move up and down and therefore there will be a period of time for the bull run market and that is not about an empty wish, because the bull run is real
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hodl and day trading have advantages for those who do it and that is a choice, people are free to do what they like because whatever they like at least they will adjust their time and skills. so when you advise others to do day trading but they do not have the skills and also do not have much time, then doing day trading will not benefit him
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the dominance of ethereum is still promising despite the disappointment experienced by us, but i think the best investment is still for bitcoin because the increase so far is at least not enough for ether to even touch at $200 and maintain it for some time. indeed there will be doubts on this issue but at least the future is still long and ethereum is still worth it
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Alt season could have started already with Ethereum regaining losses from previous days. But we will have to wait for Bitcoin to break the old resistance at $13,500 before we really see some altcoin season.
the altcoin market must indeed be supported by the power of bitcoin. but we must remember that when bitcoin rises very high it is also not good for the altcoin market. therefore when you see the movement of bitcoin together with altcoin in this market is very good. that means the altcoin market response to the growth of bitcoin is synchronized. when this can continue and growth can be maintained then the altcoin season can be run. yes we can't deny that, look at the pump that happened where the bitcoin pump is so far from the alts that it can be assumed that the alts season hasn't really started so far even though we get a bit of recovery in every alts, but that's still not enough to say the season alts begin. let's wait until next month, and if in the next month the changes continue to be positive then surely that is a good start even for the crypto market |
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I cannot say that fresh coins are always profitable. It is just because none can predict which coins are good for investment. Generally new coins are hyped when they hit exchanges. As a result, their price soars for short term. If you are smart enough to sell when their price gets soared, you can get much profits. Otherwise, you can go for established coins.
therefore at least every new coin will also be very profitable if indeed you can sell while the pump is running, because usually coins that are only hot at the beginning will pump when listed on the exchange and then just die because the developer only does it to get a quick profit without anyone next action for project development |
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a good project will not put its tokens or coins in a shit exchanges, because as far as i have experienced at least the team will be really selective in having exchanges to keep the project name and the coins have a good reputation in the community. so when any of them or projects put their coins on a random exchange, it can be assumed that if the project is not really good to continue to do greater development
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Yes, definitely. I have seen more investors frame Asian countries in Cryptoworld than European countries. Indonesia, Malaysia, Philippines and south korea and are among the top investors.
oh really ? im from asia too and its nice to hear that . its somehow prouding/proudful since you are one from those who live on those countries but that might be true since that what i also see . alot exchanges that i visit and i can see that most of thier team members are from asia , also on other crypto projects as well but this does not also mean that the project is purely based or came from the asia . you know , other aisian dudes/gals are also sometimes migrating on many parts of the world . right, although many projects from Asia do not guarantee that they are really from Asia because the team and maybe the developers are from outside Asia. i still can't find the right source for data like this but so far what has happened and is very influential for the crypto market at least that is from China, therefore it is indeed very possible that the biggest crypto market is indeed from Asia although in reality every issue from a big country will have the indirect effect on the crypto market |
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bitcoin will be the best to buy because bitcoin is the most powerful coin in the market, so when the price goes down we don't need to worry about coins dying. bitcoin will indeed fall unexpectedly but bitcoin also has a stronger potential to be able to maintain its value even though it looks stagnant but at least the price of bitcoin will continue to increase all the time
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Many analysts in the cryptocurrency market speak very negatively about most altcoin, because almost 50% of all altcoin do not have the value that the team claims. First of all, only those altcoins that have a real end product and have a program for the real development or practical use of a coin will be developed. If a coin is supported only by speculators in the cryptocurrency market, then this is a waste of money for each investor.
but at least that is what is expected about a real product and the use of more potential coins, no wonder why many analysts say that. but anyway the future of altcoins will be very good although not all of the existing altcoins can develop and continue to grow, because there are many altcoins that are included in the criteria for a better future |
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if investors no longer believe in new projects, then it is enough with old projects that are still proven to be still in good standing even though the bear market has indeed changed the situation for the worse, this is a common occurrence and scammers have indeed become one of the causes for the crypto market get a more significant increase
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never been stolen but about losing a few coins i have experienced them because at that time some of the coins that i had were saved in one of the exchanges just to make it more practical and not cost too much. this is about an option and i still have a local exchange which so far is safe and good for saving several altcoins and for the most part i only use a wallet application that at least the user can save a private key
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the lowest point of bitcoin doesn't even reach 100$ but yes, it was indeed before the bullish market so when the market has passed the bullish period what is the lowest point? is it at 1k, 3k, 5k? nothing is certain in a bearish situation like this and anything can happen, we can make a benchmark on the price of bitcoin because bitcoin is affecting the crypto market, so i'm not sure what is the lowest point of the crypto market so we believe in starting to invest, because basically if we want to invest at least the main thing that we must have is a good confidence and then whatever capital is spent then it can adjust according to one's own abilities
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