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in my opinion, technology always have life span, but maybe if it's keep being developed it could have a longer life span,
but still a technology will always gets replaced by a newer technology, so maybe eth will not last forever. as the saying by people, nothing last forever, so does with ethereum, it's now considered to be new technology maybe within decade it will be considered as an old technology, no one knows for sure.
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Becoming a trader is not easy, it takes expertise to analyze the market and also understand price movements in the market. To analyze, technical analysis skills are needed as well as fundamentals because without it, you will not get profits, even losses because you don't sell at the right price.
but becoming long term investors take serious courage to go against the market trend, sometimes if the market is having a bad time it could affect our psychology making us want to sell or in other word panic selling but to be a real long term investor we should consider those market trend as just a process of reaching higher price. both have its own advantage and disadvantages, and it's depend on us to choose which one more suitable to us. |
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With more and more new coins appearing and projects becoming more and more competitive, choosing coins selectively is a must. Coins with good fundamentals in my opinion will be able to recover, but coins with temporary hype will continue to fall and begin to be abandoned by investors. It's better to choose a coin that is in the top 100 coinmarketcap as an investment because I think it's safer
I agree, most of coins that recover after bearish usually have good fundamental and good working real product. but it's very unfortunate that most of the new peoples are investing in meme coins either because the hype or because they think it's gonna make them rich. but the money invested to these projects with no product will also become such a waste, just see a good project with working product like axie with its game axie infinity, that's what i call promising project |
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just find NFT that really beneficial like axies, or something like that, art NFT is rarely good for investment but an nft that's useful for in game usually is good for invest.
also, dont expect too much from nft if its not game based nft, although it may be priced high but if there is no demand then whats the use, different to nft game it has demand from the game itself.
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almost the average coin that already has a high price will be difficult to access because the number of enthusiasts is usually like that
Why can it be difficult to access? Isn't that what already has a high price is a coin that is very good to have because that means the quality of the coin is very good so it has a lot of interest and has increased in price. maybe he is talking about how we need big capital just to buy a coin and the potential to earn profit from it is low if the price is too high, i honestly prefer to play the game instead of holding axs for too long. playing the game is easy and we can earn slp, although the price could go down because i know there are many people that trying hard to earn slp as well out there even making guild but it's still a profit. just find the right time to sell and we gonna get our expected profit so it will not disappoint. 1 more thing though, we should know that not all of those project gonna always strive, dont get too high expectation. |
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those games gonna developer doesn't matter how the market gonna become in the future. after all one people is not limited to only playing one game and if you could make profit by playing game, i'm sure people will also increase their source of income by playing these nft games.
but if the game presented by these project is really low quality then it will hardly growing anymore, just try to find the best quality out of many of them and maybe choose that.
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this project is still on its early phase, and if you see other project mostly games like axie, try to look at the chart of axie coin back when the project was still new, the price is stagnant but once the game released and becomes booming it could go up that high, pyr is the same, except it's bigger than axie because vulcan forged is a whole ecosystem, so you can guess what it gonna become.
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Great inovation from coca cola, as we know the owner of coca cola is warren buffet which years ago said bitcoin was a bubble, But right now his company is adopting NFT which is part of bitcoin world or cryptocurrency space. So i think rich people are already admitting that cryptocurrency is a real deal in the future.
i think warren buffet is a stock holder although he hold huge amount of stock i don't know whether it can be said that his decision could influence the company. but yeah its good to see that they consider nft as a good option for their charity purpose, maybe they see the hype around it and decides that nft could be a good way to attract public attention, hopefully there gonna be many things like this in the future. |
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Under normal circumstances, I would say no. However, what is $ 1?
This is just x5 of the current price, that is, the next bull run will be enough where everything will grow by about x5, including the dog.
x5 price is significant if you see its market cap thats already really big, maybe it's easy for smaller market cap coin to reach that price increase but doge is different than any those smaller market cap coins. even right now doge coin already struggling a lot, it's really volatile it makes me think maybe doge gonna have another bad market movement waiting in the future and it's the same thing with SHIB, elon tweet could save these coins, but will elon always tweet? |
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Almost everyone who's been in crypto has experienced this, but I personally won't regret the decision I made. because at the time I thought that was the best thing to do.
Don't push your luck too much because everyone has their share.
True, if we still get profit we should be grateful even if the price keep going up, no one know whats gonna happen in the future so its always 50/50 when it comes to that kind of chance. Also if instead the price going down we gonna regret it as well, the most important thing is that we get profit and not losing, we can find another opportunity next time if we still have the chance to invest using our money again. Regretting over thing that is cant controlled like that will just add more and more burden and thats not good. |
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Newbies usually buy high sell low while it should be the opposite but speaking of the truth the mental burden of trading is really immense so im not blaming them if they make haste and bad decision.
However as you said, if we get too emotional i think its best to stop the trading activities and relax a bit because when we are in that state theres nothing much we can do about it.
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as we can see if the price of Binance has risen very high for now and even all the coin that use Binance smart chain have also increased very high and of course gas fees from Binance are very low compared to Ethereum, so there is a possibility that in the future there will be many projects using blockchain from Binance and that is an opportunity for Binance to replace Ethereum (become the king of all altcoin).
so do you agree with me if Binance will be the next Ethereum? or are you thinking of anything else?
For me, Binance is a new breakthrough in the Crypto world. Ethereum remains Ethereum with sophistication that many people still believe in. If it's true that all projects will use the blockchain from Binance, for me Ethereum will survive. I don't agree with anyone who said that binance or to be clear binance smart chain is a breakthrough, it's at most just alternative for eth to face the scalability issue because defi. There's nothing really special with it other than just its capability to scale. But everyone has the right or freedom to choose what ever they want, so whether eth users moving to bsc is not a problem and as you said eth will surely survive. |
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I feel the same, the current state of NFT is just on its beginning phase, there are actually many NFT game's that are currently under the radar and could become huge anytime. Maybe in the future the market will be dominates by NFT games as well since we know how the growth of mobile game and pc game this few recent years alone, maybe in the future mobile game with integrated NFT will become a new huge thing and probably what makes the market capital of crypto grow even larger.
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Opportunity always come once after another but with investment you need the courage as well as money, with courage alone it won't be sufficient and to find the next crypto that's gonna be big and give you return of investment gonna be hard but if you always have capital to invest one after another I think the chance that you gonna be "accidentally" investing into a crypto that gives massive ROI is big but you can also always use a good analyzation to find a good crypto.
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NFT is really a good technology, it's just it gets called a mere hype because people always see the bad thing in it, like an NFT art that sold for millions of dollars, as far as I know those are just some outlier or rare occurrence, if you can put that kind of mindset that considers NFT to be bubble aside and see the real use case and technology of it, it could actually a really innovative piece of technology as you can see it can effectively be implemented into game as of now and it's just the beginning.
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This shouldn't even be a question. Binance coin is largely popular and good for various things, litecoin is only popular for the veterans who has known this coin but most of newer people will always know BNB first before even knowing litecoin. From that we can make conclusion that litecoin losing in popularity against BNB. BNB is popular because many new people think of it as the most important coin when they are using BSc which widely used right now amny many projects.
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2018 ATH passed and went 3x 65000USD to BITCOIN. Now we again expecting to go 100,000 and 130000. I think its useless point now. its better to wait 2025. just accumulate usdt and ready for 2025.
I think it doesn't have to be like that. 2025 is still a long way off. It's still 2021 and of course I'm sure you're in the Crypto world just like me, which is to make a profit. If you want to wait until 2025, I think you should save BTC or ETH, not other coins. This is my opinion. The altcoins have relatively faster growth in term of price indeed, see cifi its growing so much despite the market uncertainty, also axie and many others. BTC and ETH have longer cycle of bullrun because to put it simple, these coins already have really big market cap so the push to make the market move should be big as well meanwhile some altcoins project that are just starting could go up easily, it's like investing to stock market. |
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I always think that NFT could always excel in adoption for game, imagine a game that has unique NFT for each of its item and making it able to be transactioned. I mean I know there are plenty of game's like that take advantage of NFT like that but what I imagined is a triple A game or every modern game implementing that which have really big user base, and all the game's item integrated within one block chain, it's gonna be massive.
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When people saw the value of Bitcoin, they also created various altcoins. It will run away after harvesting and have no real value. Although these coins are not reliable, there will be some people who are willing to bet that altcoins can explode. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, how should we invest in cryptocurrency? What should do with these altcoins？
You should not judge and generalized all these alts. First is that many alternative coins are used and have utility that determine their prices. Some of this alt coins are even richer in feature compare to Bitcoin. I know many projects are coming out scam after being successful and that's where our investigative instinct should appear. Altcoins that are high quality usually indeed have a product to offer and these product offer real utilization for the coin so its not right for people to undermine Altcoins. The rampant release of Altcoins is nothing but just a normal phenomenon where people trying to make their own coin while also offering product but the market will select which coin deserve to have value. It's not a problem for altcoin to be consistently released. |
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