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why don't you also observe how many projects are removed from the cmc list each week ? surely you've found a project listed on cmc and in the end the project was removed from the cmc list because it no longer meets the requirements. so this problem is not as scary as you might think due to the fact that many projects are also removed from the cmc list.Not a few projects listed on CMC will end up being dead coins because they have no trading price and volume.
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a coin with potential like Ethereum ? the answer is another big coin that is ranked in the top 20 of CMC. You can choose a potential coin like BNB, MATIC, SOL, or NEAR because these coins are among the top 20 coins in cmc and have the same potential as ethereum. but at rank 20 cmc there are also meme coins like doge and shib which are not the same as ethereum because these two coins are meme coins and have no utility and most investors use these coins for short-term trading.
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yes currently the crypto market is in a bearish phase and no one knows when this condition will end.
regardless of the problems that occurred in ukraine the crypto market will still enter a bearish phase because in 2021 the crypto market entered a bullish phase and created a new history namely bitcoin and many altcoins reached ATH twice in one year. so I mean if 2021 is a bullish year most likely next year (2022) will enter a bearish, and the problems that occur in ukraine seem to be an emphasis if 2022 is the time for the crypto market to enter a bearish phase.
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I haven't participated in ico in a very long time because most of the ico's are just filled with unclear and scam projects. many of the new coins produced from ico have very low prices and eventually become dead coins. it is better to participate in IDO because most IDO projects are able to generate profits quickly. although sometimes the investment funds are limited to very small but IDO is much more promising than ICO.
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Bounty campaign is a marketing strategy so that a project is widely known and more investors come to invest.
we bounty participants only carry out our duties to promote a project to be known by many people and investors come to invest in the hope that the money they invest will grow in the future. Project development issues in the long term are in the hands of the development team and beyond the control of bounty hunters and investors.
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what do you mean in the long run it always goes down? so long term you mean how many years?
although currently bitcoin is in a bearish phase the price of bitcoin is still much more expensive than the price of bitcoin 2-5 years ago.
other than that bitcoin does not reach ATH every year and there is no guarantee in 2022 the bitcoin price will reach new ATH. what I know after bitcoin reaches ATH bitcoin will enter a bearish phase in a fairly long period of time.
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on binance and I'm sure most of the traders also use binance because binance is the biggest exchange right now.
but I also use other exchanges like MEXC, Kucoin or Bitmart to sell the altcoins I get from bounty or airdrop. I also use local exchanges in my country to convert my crypto assets into fiat. There are so many exchanges you can use to trade crypto assets, you just have to choose which exchange you want.
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At this time, if we look into the CMC price chart, we can just see that only Terra Luna had changed to green and moved upward while the rest are still in red lines. I'm not discouraged seeing them in red coz I know that this will sometimes occur even though we don't like it as this is normal due to the fact of its volatility feature.
We can't just lose our hopes easily, we can surpass this sentiment in a given time and that only happens if we have patience left inside us.
Yes when compared to large altcoins that are in the top 20 CMC rankings LUNA has the highest percentage increase in price, which is around 13%. up or downs in the crypto market are normal but the recent price declines are caused by news from ukraine because the crypto market is very sensitive to this kind of news, on the other hand the problems in ukraine not only have an impact on the crypto market but also have an impact on stock prices and the economy long term world. |
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currently the price of doge is in the range of $ 0.12 and under normal conditions it is very possible for doge to reach $ 1.
but in a situation like this of course it is very difficult for doge to reach $1 because the war going on in ukraine not only affects the price of doge but also affects all crypto markets. if conditions in ukraine improve soon of course the crypto market will improve soon too and the opportunity for doge to reach $ 1 in 2022 is very wide open because it is still early in the year and the recent price decline will cause massive buying and prices can rise very quickly.
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In my opinion the price increase that occurred at that time was not a sign that the bear market was over but only a temporary price increase that occurred because recently there had been a tremendous price decline. conditions in ukraine are heating up and these conditions have had a huge impact on the crypto market, in other words if conditions in ukraine don't subside soon it's likely that the crypto market will not recover in the near future.
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So far I have only used Binance to trade and used a local exchange to withdraw some funds. apart from that I also use MEXC exchange, hotbit, bitmart, and kucoin to sell the altcoins I get from bounty or airdrop.
so i would suggest MEXC exchange, bitmart, hotbit, kucoin and local exchanges that are in your country because you need those exchanges to convert your crypto assets into fiat.
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sell at the peak and after that there is a correction, it means you have made a profit. for me after making a profit there is no reason to regret even though after that there is a correction and after that the price moves up again because there is no guarantee after the correction the price will move up again. Another possibility that will happen is after the correction and you buy but the price continues to fall and you destroy the profit you previously made.
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Currently, what many people are worried about is a bear trap because it is very likely that the price decline will continue because of the problems that occurred in Ukraine. if conditions in ukraine do not subside it is likely that the price of bitcoin will continue to fall and in the near future will reach its lowest point in 2021 which is $29k.
I have now converted most of my crypto assets to USDT and I will buy again when conditions in ukraian have eased.
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Bitcointalk username: Rasa nanas
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#PROOF OF REGISTRATION Forum Username: https://bitcointalk.org/index.php?action=profile;u=1130676Forum Profile Link: Rasa nanas Telegram Username: @BerkahSemua19 Participated Campaigns: Signature ETH Wallet Address: 0x51d2d0dA4860574EE7C685B083BE4a6815c5276e Will update my signature once accepted. |
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Why is there so much dumping in the market? because you created this thread when bitcoin was in a bearish phase.
if you you create this thread when bitcoin is in a bullish phase you will see a lot of pumping going on.
now bitcoin is going in the right direction and forever bitcoin will go in the right direction, price increases and decreases in price will forever happen because this is part of the bitcoin life cycle. in 2021 the price of bitcoin has experienced a very significant price increase and it is very reasonable if at the end of 2021 and early 2022 there is a significant price decline.
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true, in 2021 there was a lot of speculation saying that by the end of 2021 the bitcoin price would reach $100k but at the end of the year the bitcoin price tended to fall and failed to reach $100k. and in the end at the end of 2021 the bitcoin price closed with $47k, currently most people are still speculating after this bear market ends the bitcoin price will recover and will reach $100k. This means that this kind of speculation will continue to emerge and no one knows which speculation will come true.
This speculation formed when bitcoin was in its second bullish phase and bitcoin was trying to break through the ATH it reached in April. this second round of bullish phase occurred towards the end of the year and led many to speculate that this second round of bullish phase would cause bitcoin to hit a higher ATH or $100k by the end of the year. actually the speculation is quite reasonable because the speculation was formed when bitcoin was in a bullish phase at the end of the year. |
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actually the signs that bitcoin is about to enter a bear market have been around for the last few months and I suspect it looks like in early 2022 the price of bitcoin will enter a bear market. and it seems the conjecture is correct and I have converted most of the assets I have to USDT since a few weeks ago, but I still keep the big altcoins like BNB and MATIC as well as the new altcoins that I got from bounties and airdrops. for now I still have no thoughts of buying again as the downward pressure is still very strong and there is no sign of the bear market ending yet.
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yes I also think so, if the price of bitcoin falls below $40k it can cause panic selling and will cause a sharper price decline. if it really happens most likely in the near future the price of bitcoin will drop to the $30k support area. but currently the bitcoin price is still holding above $40k and the last few days there has been a small-scale price recovery and caused the bitcoin price to be slightly pushed up away from the $40k area. but the downward pressure is still very strong and it is unlikely that this small-scale price recovery will be able to push bitcoin to reach $45k.
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