The first time when I traded I first deposited to the trading account through bitcoin and in the site you can't use bitcoin to trade so I have to convert it to dollar before I started my trade. Then use bitcoin to buy stocks was the initial aim of Satoshi but that feature in bitcoin is not working. But everyone is interested in the investment function of it and other cryptocurrencies are following the footsteps of bitcoin so they are also not to that side of the projects.
Really as the Op said if that feature was working then cryptocurrency would have been the number one currency in the world and inflation would have come down very well but we have to answer this question, what about the increasing transaction fee?
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I have not benefited from altcoins at general. I invested in two different platforms. I invested in the main Wallet of Ethereum which is MEW and I stopped investing there because the transaction fee was too high so the coins are still there and I also use exchange to invest thinking that it will be better than the MEW but all the same and after one month, I thought the price would go up but instead it was coming down steady and finally Nigerian government also banned the exchange to make a trade with p2p so i sold the coins with lost rate.
But I am still hodling the ones in the main wallet. So I have not benefited anything from the altcoins or memecoins side of the cryptocurrency.
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This question have been asked in many times. Both in education sector and in the IT sector and the answer is always the same. Everyone that understand AI will have that the same answer. AI token can't take over the cryptocurrency world and I have not even used any AI token or seen. AI token will not have that store of value and will be a stable coin and the only coin that can do well in the cryptocurrency market is the token that manages by human and not by robots. AI coin can only be good in the trading section and not in the investment side of the ecosystem market.
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Notcoin suspends NOT deposits on crypto exchangesThe team announced that they will stop the withdrawal button of NOT on the 14th and reactivate it on the 16th after the general launch of the token to the exchanges. Many people were disappointed with the price of the token when it was launched so probably in the second launching of the token on the 16th of the May 2024. And the price is good when it is relaunched again then investors and miners will be very happy. Though the general prediction to launch the token was on this day of 16 while exchange announced their days to accept the deposit. So for now all the deposits of Notcoin to exchanges have been suspended and waiting for the relaunch or deposit the token to exchanges.
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it's true that i invest in altcoins to make a profit, but not a quick profit. i believe in the potential of the altcoins that i invest in, so i think that when i put my money there, there is potential that in the future i can make a profit, but i'm not looking for quick profits from that. because i think that when you are looking for quick profits from an altcoin, what will happen is that you can get scammed since there are many altcoins that offer fast profits in a short time, and i don't want to be an investor like that.
You have said well and it was said, those who are eager to get quick rich always fall into scammers hands and be scammed. And if op want to make money there are two type of investment and they are short term investment and long term investment. The short investment is not for bit profit because the accumulated profit will not big because it will be a short period while the long term investment will generate huge amount of profit but you have to wait patiently for years to come and that is where "buy the dip and hodle" statement come to play.
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If you use the network a lot, you will see it gets hick ups from time to time. There are times when it’s impossible to send a transaction no matter how large your fee is.
You don’t get these issues on ETH or BTC even those have higher fees.
Yes I also noticed that in the early part of March when I wanted to use the network to make some transaction in Binance platform when Binance was asked to removed p2p in my country and it was written "network congested try again later" and the fee I was using was big yet it was not going so I left it and used TON to do the transaction. So what you are saying is the truth, if their network is still on the process of experimental, I will not doubt it because normally network congestion not supposed to last for two months but this has been more than three months. But Ethereum network too has been on the congestion line but if you use high transportation fees, your transaction would be accepted and it is not like the Solana network.
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Jobs in Nigeria now is once in 20 years. It was in 2011, I noticed legit employment in my state and since then I have not heard anything until I finished school (College) in 2015 and in 2016 NPOWER came that many Nigeria Youths benefited from it, the purpose of that programme was good because when Osibanjo was in charge, everything was moving fine it was when Buhari put Sadia that everything went wrong. And she embezzled a lot rod funds and today she dey EFCC net.
And last year August Teachers Employment came out in my state and written exams and oral exams were conducted this year March till now nothing dey happen. Employment in Nigeria now na who know who and not by merit but by nepotism and favoritism. And because of all these things people dey tok say SCHOOL NA SCAM and not really means say going to school na scam but after going school with di certificate, no job, no work and now e don become a scam.
If no be bitcoin many youths would been in di lower class struggling what to eat daily but because of the cryptocurrency investment, trading, airdrops and other cryptocurrency activities, di youth, become self employed and do online businesses to survive without the government jobs again but the government is envy dat is fighting against those places wey di youth dey take dey eat. Di government e no mean well for the youth but to see them suffering.
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Open source Central Bank Digital Currency (CBDC) is not a private currency like Bitcoin, Monero and Ethereum but it is government control digital currency that is to deceive people to invest or use. The open source is just a name and it is not part of the function of the project. Government will never do something that is 100% privacy without KYC. To this level of knowledge we have acquired in this forum government can't deceived us again unless the person is a newcomer to the ecosystem world.
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I am also one of the people who pays attention to Solana. In my opinion, the $7,000 target is too high and will definitely take a long time. As for the price, maybe I don't know for sure, but what is clear is that this coin has a project foundation that looks solid, so I'm sure the price will get better in the future. The growing number of dApps, DeFi platforms, and NFT projects building on Solana shows its utility and growth potential. Collaborations with big names like Chainlink and Brave increase Solana's credibility and reach. But even though indicators and market sentiment show a potential increase in SOL prices, there are several factors to watch out for such as overall market performance, regulations on crypto from several countries and competition with other coins. It could affect Solana and is worth watching out for.
$7,000 prediction of Solana price is unrealistic because for now the coin is not even moving any upwards for months now. Last month Solana was $157.78 and noe it is $147.97. though the coin is nice but to hit even $1,000 this year or next year is not possible and the coin that can rise again in this year is bitcoin and Ethereum, and Ethereum might reach $5k this year or next but some people are predicting $10k but I am not sure if thT price in anytime soon as well. Oh yes the DaPPs in Solana network are one making it to survive well to this extent and also they are the caused of the Solana network congregation.
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I think to crash a cryptocurrency project is not that hard and if all the investors agreed to withdraw themselves from the project and nobody uses it then it will crash on it own. But if people are benefiting from the project then it will be hard to crash that project. And Tether will crash when nobody uses the project that is all. And another thing again, if the project is not good enough to operate in the ecosystem then the government can bring it down if it is not a Centralized project but if it is a decentralized project then the authority belongs to the investors.
In most time people are using it to launder and hide funds (mostly politicians) so it is hard to crash.
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-Since a couple of big exchanges are going to list Notcoin at the same time, there is no doubt it will pump. I think there is a there is a big brain behind this project, so they should do well.
Many people were disappointed of the NOTcoin, they thought the coin would just pumped at once as it is launched but it was not. But as you said it might pump later but foe now it is not worth it. And if anyone wants to make profit from it let the person still hodling it for like some months or years to come. Someone mined 700$ equivalent at the deadline and when it was launched today and he checked and regret mining the token.
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Lolz!! You don't have to brag about anything but try your luck. And since you have gotten the fundamental of trading then the next thing for you to do is persistent practice as your friend instructed and as you are doing is the best way to perfect the trading market. Really if you were relying on you friend and he was giving you signals to trade, you won't grow in this trading business and any day wouldn't give you signals then you loss well.
When you are doing it by yourself then you will master the trading tools and becomes a perfect trader in the future. And if you do well your friends will even ask you for some tools to increase their skills. I wish you all the best.
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From your advocation and my research the token is not to bad because for a time to hit $1.01 is not easy in this present days. And from the way I see the project in the real website of the project https://ats.alltoscan.com/, the project might have a good future so you can invest in it but you have to make research on the community support of the project before embarking on it. Altcoin is something we can't really tell how altcoins will look like in the future but it all like trying a luck to see if it will do well in that future. And as I said the project is not too bad and the site is well design with the decentralized features of cryptocurrency activities.
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Another two currencies have ditch the US Dollar and they are India and Nigeria. I just saw it in my headline Newspaper review. BRICS: 2 New Countries Agree To Ditch US Dollar. Really recently African countries are suffering from the inflation in the continent because of the rising of dollar but I don't really k ow if this BRICS can work out in the world because the usa dollar has gain ground so it is hard for countries to leave it because of the international transactions. Now the question is if the BRICS countries trade their currencies together won't they pay things from another country? And that is where the use of dollar will come again.
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One of the strategies I've been using for long time and it has been very profitable for me is to always buy the dip. If we know how to spot a dio in the market, it will always been an opportunity for us to earn more than buying at the middle that will not make a good profit for us when price starts going up. We need to make we try different strategies that would help us to earn more from the market without stress.
My strategy is to invest in other top and strong coins including Bitcoin following the DCA method during the Dip and hold them for a long time until I meet a specific target. Investing in crypto is risky but investing in this risky space can earn huge profits. Because of this, those who have knowledge about crypto do not hesitate to invest here. those who miss investing in dip markets miss out on something big so every dip season is a very important time for us to investment It is better to invest on the good projects and not to anyhow project that will not have any value even for years to come so I will invest in a project that is good now and in the future. And if we looking for a strategy to invest to make profit in any bull market is to buy the dip or in the bear market and hodle till the bull market then sell it and take your profit. Then another way is to buy the time when the bull is about to start and sell it when the bull market has matured. And this last method is good for short term investment while the first method of buying the dip or the bear market is a long term investment. And I have been saying this time without number anytime when we are investing for a long time we should have to do extra job to save our investment in not your investment won't last.
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So, who's responsible when the Coins dies?
Of course, it's the developer that should be held responsible for the death of their token/coin. Yes, I know there's that negative effect from the activities of dumpers; especially those who get the tokens from airdrops or bounties. It's the duty of devs to know how to cushion that effect and find a way to discourage heavy dumping. It should be done in a way that buyers can also show their strength while paper hands are selling off. Devs should encourage investors to hodl by putting up incentives like staking to earn and other activities. Again, there should be a good token unlock mechanism in percentage that won't be much as to have a lot of tokens released to airdroppers or investors. More importantly, most of the devs are criminals who intentionally would create scam and worthless tokens just to get money from unsuspecting investors. From start, they already know they're not going to develop that project further. It's just a cash out for them, easy money. Exactly you have said it all. The developers are the ones will make the project more transparent and not in a cumbersome way that will make people to stay away from it. They have to make it in the way that the transaction fee will not high and always low. And they fall to maintain their coins or token then they have to bear the consequences of the dead of their tokens or projects. And whenever there is problem facing the project developers have to look for solution and solve it without delay because right now the cryptocurrency space is on competition so if any project misbehaviour people would just leave it and go to another one. The genuine developers always look for a way to solve their problem but the fraudulent developers have no clue of their tokens so they let it die. So don't blame investors in any token failure but the developers.
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do you think that this is a good crypto selection to invest 5k €, 1k each?
- Render (RNDR) - Moonbeam (GLMR) - NEAR Protocol - Solana - Shiba Inu
There's no need for in-depth research regarding the 5 assets you mentioned above, these five projects are projects with large MC based on the CMC list. What you need now is to find the right point to buy them. This means that you no longer need to study fundamentals, you can start by researching the charts of these tokens. And do you think it’s better to invest in those 5 coins mentioned above than putting all 5k into just near, shiba and glmr?
That's not a good idea, don't put all your eggs in one basket, it's better to diversify so that it will reduce the risk of loss. But if you have more confidence, it's not wrong to put everything you have into just one asset. There is need for good research before investing and the mistake I did before investing in Ethereum was that I did made any research to know if the network was good for me to invest and only follow someone recommendation and after investing in it then I realized that the network was congested and immediately after the investment the price too come down to $3,345 and I invested in it because the price was going up but it was not so i turn to a long term investment now. If there is one coin that doing well then it is better to invest in that coin than investing in multiple coin ards
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I disagree with the news that it is because of the Hong Kong ETF approval but it is a normal correctional process tht is going on after now the market will bounce back again so if anyone is interested to invest then you should do now that the market is still.on red. And yes we all know that altcoins are control by the price of bitcoin and whenever direction bitcoin follow they follow as well. We are not on the dip which you are talking about but in a correctional stage of the market.
Oh yes this is one of the best time to load our portfolio with bitcoin and not Ethereum. Because Ethereum fee is still high.
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Because of the way the country be, people fall for this wayo them say them want to double your money make dem invest and unknown to them na scammers. Always be guided. Op you tried let the newbies follow up dis your advice and make dem bo fall for any fraudulent activities in their dealing with bitcoin investment. And I will also add one to what you have said. And which is, don't connect your wallet which you have your large number of savings to any website. And don't involve yourself in any Ponzi Scheme. Do your investment and leave the rest.
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This things are seasonal and we have to be wise to understand them if not we go fall for their trap one day. And the worst part be say those who dey close to use and once they are interested to dis kind of Ponzi Schemes, the matter you go tell them dem no go hear you until dem lost their money before their eyes go clear for them. There was a time dem send me a link to make a referral for about 20 persons on WhatsApp to win about #100k and I did it after doing it and nothing happened so I just left the Website and deleted everything.
And as you tok am dem dey use dey find people to cause traffic to their pages. We should be careful with them.
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