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without capital and relying solely on knowledge, you can't earn a lot of money. or have capital, but do not know how to invest properly will only result in losses. I personally put more emphasis on knowledge. because capital can be obtained afterwards.
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Unfortunately, despite being told, there will always be people who invest and they will be angry when the investment suffers a loss. they think a project with a name that is almost similar to a big project will follow its success. they forget that plagiarism has no future. still believe in a project like this is the wrong choice.
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All are disappointing signs. Many investors plan to sell Bitcoin.Most people lose patienceIn for cryptocurrency.
But In long-term trading, in addition to knowledge, patience is more important than any other factor.How do u think of it?
but not a few are still hodl. they still believe that hold is the right choice. those who can't wait are new people buying because of FOMO. for those who are experienced and feel the situation from bull to bear and back to bull again, definitely prefer to hold or buy more whatever the situation. |
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ahead of this discussion crypto trading volumes are increasing. the price of ethereum rose back above 2k. and bitcoin also suffered the same impact. This proves that Elon Musk's discussion this time has had an impact on the crypto market. I look forward to the outcome of this discussion. I hope something positive will come out. if that happens the market will get fresh energy and there will be a recovery.
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How are you my friends i hope you are all well. There are two types of people in the market, some big investors and some small investors, Big investors don't care about this situation but it is very sad for small investors. When the market falls sharply, I wonder how the market situation can suddenly do that. I know that market graph charts and news mean a lot, But if you look at them, the market is going in the right condition, then suddenly it starts falling down, for no apparent reason. This shows that the market is taken up by itself and then brought down by itself. I want to know how long this market situation will last, And when will the market start to go up?
I don't know when this situation will end. One thing I'm sure of is that it will take time to recover. when viewed from the previous cycle where the bullrun started from 2017-2018 and the long winter lasted from 2018-2020. so we have 3 years to wait until the market starts to improve. |
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trading crypto and looking for potential defi coins. in the current bad market situation, it is better to seek passive income from staking. that's why investing in Defi is one of my choices right now. and I also didn't forget to buy the falling coins. My current activities revolve around these two things.
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The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.
I don't think there's anything like that. because everyone would have sold it by then it had made a big profit, unless he was a greedy fool. the problem with each person is not when he takes profit. but when they buy. this is what always happens, some people sometimes get stuck in FOMO. buy at a high price and after that the price starts to fall. |
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characteristics, is it important?. The currently released altcoins don't even have them, as they all copy from existing ones. in fact there has been no new innovation in the crypto space for a long time. If I may say all the projects released today seem plagiarized. and what's even weirder, all these projects are accepted by everyone. so forget about the characteristics, you just look for the hype coin and buy it. then wait a few days and you will get profit.
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for an old coin that still has potential it's worth it. but for those who don't have and don't even have major developments, it's better not to buy. for example ethereum, litecoin, monero, and doge are one of the many old coins that still have potential and are worth investing in long term.
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Telling people not to panic is easier said than done. When market is moving in either direction, it evoke lots of emotions and this emotion can be hard to deal with especially if you have a considerable amount of funds invested. I agreed with what the writer said about research. Having good knowledge of the coin you are invested in will help in keeping you positive and stable, you will be confident in your decision and deploy your skill and capacity more efficiently!
This is what whales actually wants to do. If they want to enter again in the market after taking profit. They usually do a series of dump so that everyone will dump too since fear index is high. Then scoop once again a cheap coins once the price dip at there target level. Even if you have knowledge on the coin doesn't give you an advantage when whale already playing there game. Most of there target are coins with huge activity community like Doge and Bitcoin. this is what is actually happening right now. after the ATH moment and followed by the time to take profit. whales are trying to crash the market so they can buy cheaper. this can be seen from the many FUDs that have sprung up continuously over the past few weeks. those who panic will just get stuck and sell their coins. so don't be swayed, we have to be sure that the market will be fine. |
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BTC: 45.1%
ETH: 17.9%
I'm thinking Ethereum will grow at faster speed than Bitcoin will grow in 2021. Can Bitcoin increase its market share above 50% again in 2021 or will Ethereum gather more momentum to occupy larger shares? Ethereum's now starting to increase the market share which makes Bitcoin dominance shrink.
Bitcoin's dominance can't be reduced any more than this. and this situation will persist for a long time, maybe for the rest of the year we will continue to see the same trend over and over again. and indeed it is possible that ethereum is gaining growth momentum from some of the updates scheduled in the months to come. but I'm sure it won't have much impact on the overall price. and will not make bitcoin's dominance shrink because of it. |
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With the market connection, yes, majority of the altcoins are dependent to bitcoin. As you can see, when bitcoin has pumped, most of the altcoins pumped.
And when bitcoin drops significantly, the alts did the same.
I think all altcoins are Bitcoin dependent with no exception even Ethereum follows Bitcoin trend but when Bitcoin Price goes up, alts fall in alts/Bitcoin pairs and increase in Alts/USDT pairs. The real pump comes in alts when BTC Price is stable and its Dominance Index starts falling. Bitcoin Dominance Index plays very important role on behavior of Alts market. Yes you're right. Bitcoin dominance plays an important and influential role in the crypto market. that's why all altcoins will rely heavily on bitcoin in their development. the market wouldn't be so big today without the intervention of bitcoin. just look at the bullrun always starts from bitcoin, and vice versa. |
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whether investors' appetite for risk assets has decreased due to the surge in global coronavirus cases. The majority of the six cryptocurrencies with the jumbo market capitalization and most liquid transactions monitored are in the red this week.
This situation began when China issued a ban on bitcoin mining. since then the market has been under pressure for weeks. not just big coins, but all red crypto coins. and this has nothing to do with the corona virus. when viewed since the pandemic the crypto market has increased. and it's been the best time in years. that's why I'm sure it's not caused by corona. Investor interest falls because they see the market as less potential and there are always more reasons to fall than rise. The impact of FUD from China's ban is still being felt today. because of all that investors prefer to remain silent and monitor the situation until the market gets better. |
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Lately I've been seeing tweets from Elon Musk and Matt Wallace who very often glorify Dogecoin and even they both seem to dislike BTC and ETH, thus saying that the Dogecoin transaction system is faster and cheaper than BTC and ETH, even Elon Musk himself immediately said that Dogecoin will be superior to Bitcoin and Ethereum after upgrading.
How do you guys react to this kind of thing?
but that will never happen. there will be no serious development for doge. doge will only be used as meme coin and never more than that. Elon Musk's statement about Doge is an exaggeration. in fact he knows bitcoin will still be the best and no one will ever match it. he issued the statement to make doge at the pump. |
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This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.
in the next few weeks we will see whether eth is able to overcome resistance or not. but I personally hope eth can, because this will give more impetus to the market. if eth can, the market will become even more excited and may break the current sideways trend. I don't think you could just easily predict the price just like that and thinking it would happen next week or so soon? With the strong volatility in this market, no one can certainly tell what could be the next price on a specific day you want. I think the price would move downward in the next few weeks based on the price movement of ETH. What possibly could happen if the market creates a fud again that might make a change in the price again. Thinking that it did stopped to $1700, what do you think would happen if it below $2k this time? you seem to have forgotten that next month ethereum will be doing an update that is the london hardfork. because of this I believe the price of ethereum will go up. isn't it just me who has predictions like this. a lot of people think a later hard fork could trigger a recovery in the price of ethereum. regardless of the current FUD, the hard fork will have a great chance to increase the price of ethereum. |
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What do you guys think about this? I have friend in China and they told me that their government don't want people to mine any more even if you decide to pay them 10% of your mining reward or pay more electricity bill, their plan is no more miners in the country, what do you think is going on here?
My own reply is the government don't want self made millionaires, they want more workers for the government and crypto mining isn't making that happen, am I wrong?
You know that the Chinese government is run by the Powerful Communist Party and their own word is the law in China, If the Communist Government has warned you it means that they are dead serious to enforce that law, If the Government says that mining all kinds of cryptocurrency is not allowed in China it must be enforced with all might that's their law they don't care about those self-made millionaires they only care about is their own interest and since they have the CBDC project (Digital Yuan) that they want to protect. that's why we must consider China out of the Crypto Picture. indeed that is the reason why china is so persistent in banning bitcoin and crypto. they have a vested interest in the digital Yuan, and bitcoin is the bottleneck. if bitcoin still existed in china, its citizens would be more interested in a more decentralized coin. |
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no, it will only make ethereum better. the market will not be able to recover just because of this. after yesterday's crash, it will take more time for the market to recover. after all crypto coins lost half of ATH, there is no way the market will recover just because of the ethereum hard fork this time. Plus the impact of China's ban is still being felt today. so the chance for market recovery from hard fork is very low.
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there is no new ethereum because there is only one ethereum and nothing will ever be like it. so bnb is not the next ethereum. bnb and ethereum are very different. bnb is getting big in its own way. it is difficult and impossible for other altcoins to become the next ethereum because it takes a huge success to be recognized as the next ethereum.
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if the crypto market is still good, maybe 5 years from now I'll still be here. I won't leave the market while it's still profitable. anyway my investment plan is long term plan and maybe it is more than 5 years. so I will still be a crypto fan in the future.
how much will i get later? maybe the equivalent of 10x or more, depending on how the increase happens later.
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This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.
in the next few weeks we will see whether eth is able to overcome resistance or not. but I personally hope eth can, because this will give more impetus to the market. if eth can, the market will become even more excited and may break the current sideways trend. |
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