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There are investors who do not understand that now is not the time to invest in some altcoins. They sell their coins at a reduced price, then invest money in other coins, which also fall in price. As a result, such investors get only losses. We have different perspective and take with the current run of the altcoins market. For me, it's a good time to invest to them if you really are an altcoin lover and you want to widen your portfolio. But playing safe, you would only invest the amount that you can afford to lose since its no guarantee that recovery time for those will be an instant after btc's dominance momentum. |
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For the hopefuls about the altcoin season, cheer up and it's correct that you shouldn't panic at all. But if you see that your portfolio's are losing value, it's time for you to start selling and have a cut loss if its possible. Emotional traders will have a bad ending if they will let their emotions control their decisions.
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Can you guys give me an advice how I can save money in crypto? Like what wallet I should choose to pay less comission or what exchanger to pick? I've heard changelly has low fees, what else I can use?
For exchanger use Binance. For bitcoin wallets, choose from https://bitcoin.org/en/choose-your-walletFor multicoins wallet, there is coinomi, exodus, trust, Imtoken. I've used coinomi but the rest, I haven't. |
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Depends on your need. If you need to have stable coin to flee from the falling market, it's good to save your portfolio.
But since then, I've never purchased any stable coin. I don't think that this would ever fit my style of investing and trading.
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It's a safe choice as ever. But I disagree about saying that you need to have trading skills to make profit in trading, you just need to apply the logic of "buying low, selling high" strategy.
That would suffice you to profit and make out of that amount, you don't even have to monitor it daily if the coin you bought has liquidity.
without trading skills, I think we are inaccurate to place purchases in certain areas so that it is more effective, of course we must pay attention to the support area to start trading, because in this area is the most profitable place, a lot of psychology traders are turbulent to determine the choice between hold or sell/buy Given that you have trading skills, I'm telling about the beginners up to average people that doesn't really have that skill. It's combined with the emotional control that they can have to do whenever they trade. Having a trading skill makes you good to average to best kind of trader. And that's why I've said that even you don't have trading skills, you can still profit. Holders tend to be traders whenever we sell so that's my comparison and explanation why I've said that. |
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What will happen if we never knew any exchange called binance?
There will be other exchange that will take the lead or the old ones will still dominate like, bittrex, cex. What if binance exchange is just getting launched into crypto space in 2019?
It may not get too much attention because of the number of exchanges we have right now. |
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I have some alts that are totally going to zero because I bought it with a wrong decision but I don't want to mention it.
Instead of investing or giving attention to these kind of altcoins, invest to those altcoins or bitcoin to make your money worth it.
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Cardano is not a bad option for long term investment, it is a good project with really good potential.
I'm not oriented with the happenings about cardano but this kind of comment is what I see from most investors. They are all good with cardano and is longing to be with it for a long term hold. Not really bad for a rank 13 coin in the market cap. Cardano is greatly influenced in this bear market but this is the coin you should choose during this period because the potential of this coin is huge. Although the current value of ADA is very low but I believe that if all altcoin in this market tends to increase with Bitcoin then ADA will certainly have a higher price than the present. Of course I am not sure what will happen next but I believe in the development team of this project It's not the only coin that's hardly falling and influenced by the bear. Many of the altcoins were badly affected by the high dominance of bitcoin. The effect of bitcoin now to most of the altcoins is inverse but there will be a scenario that it will become directly propotion soon. And that time would be the alts season. |
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i would get in when it do drop sub par below 4k price
I suggest the same opinion. But if you think that the price now is a good entry for you since it's your money that will be investing into that coin, do it. |
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I think so. Bitcoin dominance is too high already. Last such dominance was in December 2017 when BTC hit his AHT price. SO we should see altseasoon soon.
I'm in favor of the high bitcoin dominance while the alts are starting to grow a little by little. For those who have diversified their portfolios mostly with altcoin and ethereum, there will be the right time for it. I have BTC and ETH at the same time so I'm happy to see that ETH moves a little by little after we saw it on $100 few months ago. Once bitcoin dominance decreases, it will flow to most alts and prolly ethereum will have the biggest increase and share by that time. |
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Cardano is not a bad option for long term investment, it is a good project with really good potential.
I'm not oriented with the happenings about cardano but this kind of comment is what I see from most investors. They are all good with cardano and is longing to be with it for a long term hold. Not really bad for a rank 13 coin in the market cap. |
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do you think there are currently too many crypto exchanges?
Yes. and when the platform was released did anyone use it?
Most of the time and base on my observation, yes there are. if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?
Because they think that they can become better. |
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You can try all the three things but in the right order.
1.Investing
2.Trading
3.Gambling
Good idea. But OP needs to have a strong will and control his emotion. With $600, it can be a good start to invest first with bitcoin if you still don't have it, buy it. Next to practice trading and when these two click for you, enjoy gambling with the profit you made not with the capital you have. With $ 600, I think investing in bitcoin is a safe choice. If you want to trade, I think trading is a risky choice because of the very high price movements and also need sufficient trading skills. If you want to invest in altcoin, I think the top 10 coinmarketcap is a pretty safe choice because it has large liquidity and transactions It's a safe choice as ever. But I disagree about saying that you need to have trading skills to make profit in trading, you just need to apply the logic of "buying low, selling high" strategy. That would suffice you to profit and make out of that amount, you don't even have to monitor it daily if the coin you bought has liquidity. |
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You can try all the three things but in the right order.
1.Investing
2.Trading
3.Gambling
Good idea. But OP needs to have a strong will and control his emotion. With $600, it can be a good start to invest first with bitcoin if you still don't have it, buy it. Next to practice trading and when these two click for you, enjoy gambling with the profit you made not with the capital you have. |
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You have made a thread ( Shitcoin DEX soon) before this already so I think it's inappropriate to make this one. |
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Some analysts say altcoins will move when bitcoin reaches and surpasses all time high.
No it won't take bitcoin an all time high just for the alts to move. For now, bitcoin has got all the attention.
Because of its dominance to the market. |
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bull run will soon increase and it will be easy, we can see that and right now there may not be any signs yet, and I don't think that's an easy thing to achieve in the near future.
No signs of the bull run? how come that there's no signs of it if we're always experiencing the price to be going up. Isn't that enough to consider that those are clear signs that this market is changing its phase from bearish to bullish since the beginning of this year? We don't have to achieve it, the market will determine it on its own and once we're there, we'll just recognize that its truly a bull run since the beginning. |
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What coins you want to trade? that's the question that you have to answer first. You just don't go to an exchange and trade everything you see there, you must have some game plan before depositing and trading there. Binance is one of the top choice of most traders so have you considered visiting the platform?
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