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i don't have any pattern, i just set a target at a certain price when i want to buy or sell it.
there are some coins that i really regret until now because i can't sell them at the right price and some others have become trash at this time. maybe at that time i was new to crypto and often did stupid things like greedy.
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Doge's position is getting stronger after being accepted by Tesla, if you see a trend that is getting better then the price of $1 is still realistic to be achieved this year, of course we hope that the market now can be better than in 2021.
although the doge position is strong, as you say. but it's still going to be hard for doge to hit $1 this year, not that it's going to be impossible. we don't know how the market will move. maybe it could happen this year if another billionaire pumped it up to $1. so we just have to wait for it to happen. |
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Rise of the market attract a lot of attention. People become to interested cryptocurrency and start to invest in it.
But when market falls people lose their interest to cryptocurrency.
It's true, people lose their enthusiasm when they see the market going down, but actually for people who understand investing, they are actually very enthusiastic about welcoming the price decline because they think the decline is a golden opportunity to increase their assets. one of the many people who are most enthusiastic about price reductions for now is myself, because i've been getting high prices some time ago. so now it's my turn to wait for the price to go down.  in investing, rising and falling prices are opportunities, both market conditions have their respective advantages. |
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depending on the individual, some people will prefer Binance Smart Chain because gas fees are very cheap and others say Ethereum is better because it is very good for long-term investments. both have advantages and disadvantages of each.
so i can not choose and explain in detail, which platform is better between the two. both are good platforms, so we can use both at the same time.
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Many people think that expensive gas costs make ETH users will be abandoned by users, the fact that almost a year is happening but ETH is still strong, I think expensive gas will not be used to create a scam project, so the other side is many projects that use the ERC-20 network and get Great appreciation of investors.
agree with you. expensive gas will make the project scam naturally reduced. from the beginning i knew cryptocurrency, i was more interested in ethereum and bitcoin. although many other altcoins have appeared, i still use ethereum. and look at how ethereum is currently developing, the results are really very good. so the high price of ethereum gas will not reduce their interest in using this network.  |
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i don't know how to properly say it to you. i think this project will repeat the same situation as the previous project or in other words it will most likely not end well. no matter how well you present your project. people will think over and over again or maybe worst of all they will never think about this project. but i still hope you get good results. |
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Altcoin is much profitable then bitcoin and Ethereum. All altcoins have possibility to pump more then 100% in one day but bitcoin or altcoin haven’t this chance. but here altcoin investment is must risky. Even then i like Altcoin investment coz of my little money.
yes, altcoins will indeed be very profitable in some market conditions even the profits will exceed 100%. but the risk of loss will also be the same. even if the amount of my money is small, i will still choose ethereum or bitcoin. I realize market conditions are unpredictable, sometimes i also choose to keep some new altcoins. but that's very rarely I do. |
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Don't be too hasty in concluding that we are entering a bull market, so far bitcoin has gone up followed by other altcoins, but it can't be used as a reference if all of them will go up. I suspect this is a bull trap.
yup! now is the time to be careful. before deciding to enter or exit it would be better to see market developments and follow some news from trusted sources. this is a very risky time. We don't know what will happen in the future, if we take the wrong steps we will be trapped. |
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apart from strategy and good coin selection, of course we have to have luck. I once had feelings like you, and i was almost in despair at having taken so much loss. but i never sell it cheap.
if i had to choose between holding or selling, then i would choose to keep holding rather than getting a lot of losses.
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There is a saying. The more you trade the more you lose.
Even though this saying does not apply in general, it does apply to many rather inexperienced traders. Day trading only makes sense if you know what you are doing. But only the fewest know that. Therefore, for non-professionals the long-term hodling of assets/coins is better than trading.
Yes, i like the proverb you wrote. Of course, the more you trade, the greater the risk you will receive, especially the risk of losing. i agree that long term investment would be better, but it will take a long time. some people will not have the patience, especially for beginners. it would be better to do the trade once in a while. we can make strategies, for example, buy when the market drops by 5-10% (you can decide for yourself) and sell when you get a profit. i think it will be better. |
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all coins are still high risk none have low risk. Bitcoin, which has been recognized as the king of all coins, still carries a high risk. how can you claim the coin has a low risk. still be careful in investing. don't be too quick to believe, you have to do more research so you don't regret it. After doing everything, pray that you are on the right project.  |
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I also think the same as you, he (Elon Musk) wants to manipulate and play the state of the Crypto market with the influence of his tweets. at this time people were restless and started cursing elon.
if elon doesn't stop doing things like this, he will really be hated and will lose respect from his fans and he will become the new McAfee. that's what I think at the moment.
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stories like this are commonplace.. but not all projects will have the same fate as your story. it all depends on the quality of the coin and its usefulness.
there are some new coins that are not able to maintain their price but there are also some coins that are able to survive even the price is higher from day to day. so the point is we only need to find a project with good quality.
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no one can say for sure. Judging from the demand that has occurred in altcoins, I think this altcoin season will be long.
but still no one could say or confirm that.
I don't think we need to think about it. we just need to enjoy it and take advantage of this altcoin season to make a profit.
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maybe you are not lucky, indeed many airdrop projects end up in scams. but some airdrop projects still provide benefits for us. I also participated in several airdrop projects, some of which were profitable and some of them did not produce anything.
so in my opinion, it all depends on our luck in choosing a project. and it shouldn't be a problem because we're not spending money.
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to this day I am still surprised to see Doge's progress. this made me aware of the one thing "this is crypto", we don't know what will happen in the future.
in just a very short time doge gives us a profit many times the money invested. and when I look at your post, it looks like it would be really scary to invest right now.
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I have also experienced this a lot but with different versions, it's good that we always pay attention to what we are investing in by following their Twitter and Telegram so as not to miss communication about updates on each project.
yeah, lots of people have experienced the same thing. that is why we must continue to monitor every development of tokens / coins that we hold so as not to miss the latest news. as you said we have to follow all their social media so as not to miss anything. this would be very detrimental to us if the price of the coin is very good in the market and we just skip it. |
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It is very likely that BNB will hit a price tag of $ 1000 or more. Why is that, this is not an empty analysis because Binance is developing its own network, namely the binance smart contrac using the bnb coin. If there are many projects that stand on the BSC, really the economic law will apply where there is an increasing demand, the price will also increase.
yeah, I also think like you. maybe it will happen in the near future. as we can see, the market is currently in a good shape. so it is very supportive for the BNB to go to the moon and it will soon hit a price tag of up to $ 1000. if you don't want to miss the plane, then get on board now. I think this is a suitable greeting for BNB at the moment. |
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i do both. indeed it is quite risky, you have to be very careful when you do both at the same time. if you make a wrong decision, it's over. but, if it worked then it would be very profitable. it takes a good strategy and also mentally strong to do both.
I'm not suggesting this to you. I only suggest for you, choose what you think is comfortable and that you really good at.
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