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I prefer to invest in coins because I am not familiar with NFT, my choice is a blockchain development based coin like BNB or Matic. If my investment amount is less than $1000 I prefer to buy Matic because the price is still in the $2 range, I will get a large number of coins, and have the opportunity to earn a lot if price per coin goes up, IMHO
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My choice fell on Matic, SOL and BNB, I believe all three will bring me multiple profits, as we know that their blockchain growth quite fast.
I'm not too focused on the NFT and Metaverse themed coins, because after all they will still go through the blockchain of my three choices above, or through the ERC20 blockchain when they have other decisions.
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If your plan is to hold for long term, it doesn't matter what price you enter, data has said that the price of Bitcoin and Ethereum must have increased from the previous year, in general, we are talking about big coins, Bitcoin and Ethereum.
So in my opinion there is no need to think too long to enter the big coin for long term hold, remember, for long term hold only.
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Ethereum gas is fantastically expensive, we can't deny that, I once paid $70 for a single transaction and I've given up since then, that's why I mostly use BSC for my trading transactions. Ethereum is become network for big transactions, not small ones like mine.
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Depending on the resources and resilience of a country I think, Cryptocurrencies are like a double-edged sword, if we use it wrong it will be destroyed, but if we use it properly, it will bring prosperity to us. So in my opinion, cryptocurrencies are a great way for a country with standardized resources to go ahead and surpass other countries.
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It's up to you if you get it from mining activities, that mean you don't have to hold flowing money for long period of time because you invest in that meme coin written above.
Honestly, I also have a bag of SHIB for my long term investment, since SHIB is already listed on Binance, I think it will be worth it if we wait to explode in the following years, i hope so.
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What the OP said is true, there's no need to panic and overdo with Bitcoin price drop this time, it's a normal cycle according to my data and people's records in general. But I think newbies will panic and cut their trading activity, because they think this is the end of everything.
From this we can take a lesson that investing in cryptocurrencies must use cold money and free from deadlines, hopefully we can continue to learn and may luck always be with us, and don't forget to add your Matic stock guys, Bravo!
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##PROOF OF AUTHENTICATION##
Bitcointalk Username: lenovop-70
Telegram Username : @tantra20
Participated Campaigns: Twitter, Facebook, Linkedin
Spreadsheet # : 531, 504, 43
BSC Wallet Address : 0xfC97Dc58549D7fe4D722e9F902ebCBa9ead21975
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I, myself is hodling polygon(Matic token) because I have foreseen a very high potential for this altcoin to be like SOL that happen to pump massively last year.
I am agree with your opinion, between BNB and ETH prices increasing as the year goes by, it will result in expensive gas fees for the BSC and ERC20 blockchain, and I think people will migrate to Polygon, causing Matic prices to rise significantly, just my humble opinion. |
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