Currently I have Ergo, Kadena and some coin list here https://coinmarketcap.com/view/pow/ for long term investment, many miners switch to mining other coins when Ethereum is no longer using POW, POS has speed and transaction fees low but not decentralized, what do you think? |
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In beginning of 2018 there were a lot of alcoins was launched in market, Most of them was just to scam people with typically referral method by social influencers.
This was also a flaw of Ethereum blockchain where any single person can create his own coin with his desired supply and name by costing very low fee.
I also see that in the current BSC, there are a lot of honeypot tokens and it ends in rugpull. Currently Ethereum has high network fees, there are some fake tokens there too, at least the increase in network fees keeps developers who want to commit fraud from using the Ethereum network for now. By the way this is a list of dead coins 2017 https://coingeek.com/dead-coins-list-over-1000-crypto-projects-gone-in-2019/ |
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The founders of Cardano are the team from Ethereum, I think a 100x price increase is predictable, but patience is the key, currently there are many mainnet projects and Marge Ethereum could be the next trend setter, Ergo and Kadena I think can go up to 10x if looking for a hike coin price up to 100x then it will take a few years to see this achievement, like MVL and Ultra
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Am I missing something in the market news?
I was Airdrop 10.5$ worth of btc for a task I won in twitter used the money to buy the new Luna on Binance which was less down 48hrs now.
Just logged in my Binance now and am seeing a massive gain. 10$ is currently worth 28.7$.
Were is the pump actually heading to, should I take profit now or hold?
Just asking out of curiosity, u really don't trust this Luna again despite how small the initial capital is.
You have profit and that profit you can take by selling it and then trading with other coins, luna market cap is increasing and I haven't got much information about it, if you look at LUNA market cap then you will see an increase of $1 Billion usd, that's a lot money, difficult market situation guess what, if you look at the market trend in september last year, the crypto market situation is in a bearish trend, but that's just speculation and I think take the profit you get and buy another coin which is hype |
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It is likely that the price of $60 will be difficult to achieve because many altcoins continue to come and offer more user-friendly and secure utilities, the price of solana can still go up at any time, because the upward trend in price will always follow BTC, the level of security also needs to be fixed because there are some problems that happening on the solana network over the past few years
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In my opinion, the Terra Team is to blame for the entire bloodbath. They should have taken a more pragmatic and responsible approach. Things have only gotten worse for the holders.
I think the founders of Terra have seen the weakness of Depegging UST and LUNA carried out in the protocol, but everything went without good handling, when the price drop occurred, Depegging was stopped and made the mainnet, I think the government has taken action for that, because many investors who have lost a lot of money from holding stable coins ust |
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The year 2023 is approaching the Bitcoin Halving, the altcoin market situation may change, Solana's ATH is still far from its current price, to reach the price of $60 usd requires a lot of liquidity, Solana's market capitalization will increase as more and more new projects use the Solana network, it takes patience to see price go back to $60 usd because altcoin prices always follow BTC price
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I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.
Profits come from many factors, you can hold or trade with several portfolios, if you feel that the tokens or coins you hold are minus, then you have many choices by selling a loss of 30% of the initial capital and looking for new tokens that have the potential to increase in price. , all tokens and coins prices are currently down, this happens because the price of BTC is going down, you can buy lots of tokens for 300 uero, but there is no guarantee of profit because all tokens and coins fluctuate |
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In the long term Baby Doge will probably be my choice, because this token has not been listed on the top 5 exchanges, if it is listed I hope the price can be like Shiba, but with a large number of tokens, I'm not sure that will happen, it needs to be burned to increase the price.
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I found HEX by watching a youtube channel and I believe in HEX because Richard Heart seems like a smart dude. I sold because I was dumb back then.
You are not dumb, but you are unlucky, every coin has a chance to go up more than 10x, but it's all up to the project development team and community, don't blame yourself, there are many other coins that have prices and market caps under $10 million usd , you can become a millionaire when you are a little patient, but it will be difficult, because the price of crypto coins fluctuates, take the positive side from the latest news about the project, such as Halving and Burn coins, from there the price can go up. |
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With PoS coming and Gas fee finally getting fixed do you think that Ethereum is capable of overtaking bitcoin? Oh also there will be max supply for Ethereum finally too, or is this expectation of mine way too high.
It's possible, but I don't think it will happen anytime soon, a lot of new projects on the ethereum network are mainnetting and having their own blockchain. the market cap will eventually decrease and in contrast to Bitcoin, Bitcoin has a large market cap, more than 50% and that's a large capital |
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Apart from the Electroneum article, Bitcoin's main purpose is not to be like in that article, but to P2P payments without any third parties, for investors who have known Bitcoin since 2011 and hold it to date, I think that's a good thing, because he has become millionaire and it takes a long time with extra patience
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Bear market is here but new NFT/Metaverse projects are raising millions of funds, I think this is not bad news for the future of crypto and the next bull market might even be bigger than what we've seen before, what do you think? Are you excited for the future of crypto.
I'm not sure the new project will last, but I'm very happy to see new projects keep coming and being developed by so many people. despite the millions of dollars they have raised, i hope the project can survive in this market situation, there are many web 3 projects and some projects are doing mainnet with anti quantum blockchain they created, there is interesting thing because developers always put security first |
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Not just shiba, but there's a dozen different others I think. I tried a couple of them, just to see how they behave in this bear market. To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !  New memecoins at the pump and just dumped, i see a lot of memecoin ending in rugpull but new investors use this hype for profit, i don't see new memecoin project has utility that can be used for the long term, every time the project keeps coming and offers tokenomic that looks profitable, be careful when chose memecoin because many of those projects ended in fraud and harmed investors. |
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The concept of metaverse is Virtual World, I think this idea will work because we don't need to do a lot of traveling when we want to shop and want to vacation, for now Metaverse is still like a game, we can't feel real life in metaverse, if real life can be done in in Metaverse I think it will change everything.
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If you have a portfolio on crypro exchange then you can add it to watchlist, usually exchanges have such a feature, and if you have tokens that are not listed on CMC and Cex exchange, then you can use tools from Dex exchange to view them manually like poocoins. I currently use Lunar to view my portfolio, I can track trending topics from social media and the price increase of my coins. https://lunar.io/ |
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I remember when Bitcoin price was below $10k usd and altcoins like YFI had a higher price than BTC at that time, that's cryptocurrency, no one knows when the price of new altcoins will go up, because some altcoins have active community and project developers, this allows them to hold the coins and buy them for the long term, not because of fomo but because of the products they have.
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Which one hast the worst future?
All projects have developers and teams that continue to develop their ideas, I don't think all of the lists above will end badly, what I hope is that the top projects that have a lot of investors end up like Luna, because no one knows the future, what this project will be really lasts like Bitcoin. |
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What do you think is the most promising coin right now for investment?
By the way for long or short term investment. you can buy Bitcoin because the current price is minus -60% of ATH and some other top coins like Ethereum and BNB. If you are investing for the short term, you can look at projects that have little liquidity, for example new projects with less than $1 million usd in liquidity, look risky but do your research before investing. |
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