I don't know about CVC but I would choose either ADA or DOT if I am in your situation. You could also invest in both of them if you want to limit your risk. After buying, don't just let it sit in your personal wallet. Stake it/them to further increase your holdings over time.
I really agree with you. I would 50/50 on both since there is no a bad call. Me personally bought ADA at 0.25cents and I'm really up but from now on there is not a bad call. If you look for a like a couple of months investments then go ADA and after they pass big news put some profit from it on DOT... That's at least my plan.
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The first two runs ended exactly one year after the mining reward halving. E.g. December 2016 => Dec. 2017
IMO it will be the same this time, May 2020 => May 2021
So we shall assume the price the BTC will have in May will be the maximum for this cycle? Should we sell in May?
I believe the bull run for crypto should end either at the end of this year or early next. My conclusion is based on the cyclical development of the crypto market, and probably 2021 is the last year of the next cycle and as the history of the crypto has always reached new heights. Of course, this is not a 100% statement, but at the moment it is very similar to it. But no matter how it was, you must always be prepared for the fact that the price of the crypto can go down sharply. Remember the basic rules of investing and don't be greedy. This time is different, the price of tokens are not going up cause of hype but most of it of adoption in real life. Many big companies investing more money flowing in it will all affect the price. And if you look generally market cap of crypto is not even close to one of stocks. So I'm really bullish.
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With the market cap needed to achieve 1$ I find it very hard thing to happen. Its possible we get a bit higher but that will be it since hype will go away sooner or later.
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It's not wise to compare this bull run with past bulls runs. This time there are different types of things happening. My personal opinion is that we just started with big companies investing in crypto world. With that we can only imagine the new highs which we will achive this time. Bull run will last much longer this time.
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I think this time the conditions are different. Like we are seeing more and more big companies adopt crypto which is good and will pump more money into the market. Also printing money cause of the pandemic will affect that normal people put some money into crypto cause it will be much safer than keeping money in bank in coming years.
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Earlier, people used Ethereum as an alternative way due to the high transaction fees of Bitcoin.
Nowadays in some cases, the transaction fee of Ethereum is much higher than that of Bitcoin. I still don't understand why people use Ethereum without using the Real Bitcoin! When I'm writing this post, BTC transaction fees for the next block is 102 sat/byte and 7 sat/byte for the next 6 blocks. I can't see any reason for using ETH now.
If you use your crypto for trading then you can go with other platform that is nor erc20 based. But the problem starts with erc20 tokens. When you are small investor you can afford to trade them just to wait and pray that price of them eill go x10 so you can afford the fees. It's not ETH fault its just how the market is atm.
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My opinion is that altcoins have just started to move. Advertising moves with Dogecoin only caught the attention of users. And now those who do not believe in confident further Doge's growth will look for other coins. So I think all the interesting things lie ahead.
Yes is good time to buy altcoins. I look at mostly defi project for near future since I think they have best possibility to grow this year. With investments in them my portfolio has grown x3 last month or so.
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It depends with which capital you start and also from the time you start. Starting trading this year you would make much more money then normal times. And if you get really good at it only the sky is the limit.
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hey guys, i found this group called "Crypto Pump Island" on telegram.. They are doing Pump and Dumbs....and are selling a Premium Membership. So my question is: is this Premium Group worth it ? And has anyone of you any expierences with this premium group ? thanks in advantage
That's a red flag for me, for your own good it's best you stay away from all those so called pump and dump groups on telegram, 99% of them will help you get rekt'd faster, I know this because I have a friend who actually paid to join a Telegram group that claimed they will be dishing out trade signals, it didn't take too long he told me he lost a very huge amount of money(~$600) following their trade signals, so don't pay to join their shitty group else you will might get rekt. Yeah it's a big red flag. Happened to me also 3 years ago when I just started crypto. Only one who is getting profit from there is the one who is calling pumps cause he buys first and for the rest is usually bad time and bad investments.
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Good exchange for me is the one that is here for longer period of time and the one which had problems and which they solved. Binance is one of them. They had some problems in past and they fixed it all so I believe them more then any other exchange. Maybe the fees are not the best but the trust is there.
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Its ironic how many "hate" on Dogecoin now and say its nothing... Just like people with Bitcoin early in the day ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) You have to understand theres a whole generation now raised with constant dopamine-kicks. It does not excite them to buy 1 bitcoin for $40k. Actually they cant. So rather buy 1000 or 100000 Dogecoin. Dogecoin can do the exact same as Bitcoin just its faster and cheaper and more fun. Plus they feel like part of a movement. Maybe they will even go after Bitcoin, actually some do already. And I say that as a Bitcoiner. I love Bitcoin. The happiest I saw Elon on video is when he reviewed memes. Now dogecoin being some sort of meme coin it goes in hand with him. I agree that price shouldn't be affected by his tweet but it's the time we live now.
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https://ycharts.com/indicators/ethereum_average_transaction_feeToday the cost for 1 transaction reached +$20! How can all these smart contracts continue to operate? How these Defi projects can continue to be functional? Are we heading to a crypto crash? Any feedback and comment about this situation? How this is affecting you or your business? IMHO, If this problem will not fix I believe those platforms will face a serious problem including Ethereum itself because I still believe that the majority of traders are just small or medium, which is already pissed in this situation, I believe that the crypto industry is not intended to function like this, because if we compare in 2017 Bullish market trend the fees are not high like this one today. for me its already a form of corruption, Ethereum becomes the worst platform to use and we should start finding other alternatives until it was not fixing its TX fees problem. Well the solution for all that is ETH 2.0 but until its done and running it can be too late. That depends on how much the price will go up. I think it will get worse since the price will go up more with bull market.
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I also think that this applies to stocks as well or in investing in general as we rely on probabilities. If there is any absolute guarantee on the results of something, then most probably, all of us would have been rich at this point.
Trading cryptocurrencies rely heavily on its volatility on the market. With its supply and demand, its price may change without any notice. I remember, I have an acquaintance who traded bitcoin as his primary job. Although he earns big amounts of return, he also losses big since the amount he wagers is around 10-20 btc per transaction.
For stock market it is not the same, because at the end of the day in stock market you end up with a company and a stock based on that company, so it is not just "probabilities" there. Of course the market could crash out of nowhere for no reason at all, or we could have a horrible day for a company where there is a big fire in the building and it sets the business back for a while, etc etc those type of things are quite possible and definitely valid in many places. However most of the time there is a company, that company does a business, it grows big and big, and the stock price goes bigger and bigger and that is about it, that is the end of the story. Sometimes there are crashes, sometimes there are companies that bankrupts and so forth, but they are rarely unpredictable, it is almost always predictable and thats why I think it is not like crypto. I think crypto will move in that direction. Me personally invest in projects that have use and something behind them and with that in mind I can expect what the project will offer in future. Now the scale of it now is a lot smaller than big companies with stocks but also bigger potential to grow. In crypto if you are lucky you can get x100 or more return. At the end it's new market and it can bring you more but most of times loose more.
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Very inspiring story, that is the result of proper research and to invest only on good and legit projects. If i were you that already lucky found a gem i will hold it for long term because finding gems in this industry was very hard maybe only 1 percent of new projects are legit projects and the rest are bad.
On us is to try to do research and with a bit of luck it can happen. I had 200$ from some bounties which I got invested in Cardano at 0.25$ now its almost x3. There are ways just needs time research and luck of course.
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I share your joy very well. You must be doing something right which I am constantly doing wrong. I always walk away with a loss. But I am still trying and gradually I will break through like you have.
You can do it. Just do something different if your strategy do not work at all. Take these shared experiences and successes as your inspiration. Because if others can, you can do it too. You are right. The most important thing is that you learn from your mistakes and from other people experiences. With that try to make a strategy that works for you.
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Don't set an exact timeframe but focus on profit-taking.
On point!People should really have this kind of mindset on where they shouldnt think off about timeframe but rather focus out on profit making. When it comes to 3 to 5 months kind of increase or price changes then all of crypto including Bitcoin itself would have significant movement. Its neither it would go up or would be down on that time comparing on the price that you had entered.Same goes with altcoins too on where you cant predict on whats ahead. It's not only profit taking... It's important to know updates and new stuff that are incoming from the projects. Sometimes prices can go parabolic and understanding why and when is important to maximize profit.
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Doge coin is real but I never heard someone says that doge is like Bitcoin, I mean maybe technology wise it is but it's really different than bitcoin, it's just a memecoin but still has value regardless. Also people could use this coin for various things and for money transfer is one of them. despite being a meme coin it's still very useful coin for daily activities, many crypto payment gateway also accepts this coin. In a nutshell, doge is a memecoin that got pumped just because it's "meme"
It's funny that it really is really helpful to have Doge. Being not rich with those big fees is really hard to invest or trade. Having doge that is accepted on a lot of places helps easy transfer money.
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For how long do you think exchanges could continue and survive this way before they start blocking or impose cosmic fees over ERC-20 withdraws?
There are many private blockchains that offer cheaper services. Every time you make a Ethereum trade, you are supporting everyone in the world. You should pay fees more equal to the actual cost within your peer/interest group, a much smaller domain. Yeah there are coins that are not eth20 based and you have low fee with them. I never transfer money in ETH atm I use Cardano for that. Fees are big now and for ETH2.0 should fix that but that wont happen soon.
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I'm low volume trader and investor if you can call me that lol... What I do is use Binance if possible... If not i try to move my money with coins which are not eth20 and have low fees...
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Doge coin is a meme coin. It has been made to be that and Elon likes stuff like that. He has many silly invention like flame thrower etc. I think it's nothing more to that.
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