Yes, the bullish and bearish are seasonal market but try your possible best as a trader to know the season to buy your coins and hold for a good season to come before you can sell to make a good income from your investment. Those that sold their coins early this January really experienced losses from their trade, because the price of coins were very low but some lose their patience to released their coins that made them to regret with the current price in the market. Since the price of Bitcoin has hit $30,000 this week, I think it will be favourable for traders to hold till next month before they can sell to embrace a good results from the market.
Having patience is so important in trading and not everyone has it, when the coin price is still very low i think there is no other choice but to keep holding it, so it's very reckless to try to sell it and the consequence is a loss. |
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I do not have any investment in Doge yet but am thinking about it.
I am looking for investments that will 5-10x next bull run and looks like this is a good bet considering it's all time high is $0.70.
Many say it will go past $1 next bull run and it could well do but think I would get out around $0.70 which would be a 7x if I was to invest at todays price of $0.10.
Would be good to hear some views on this - are you for or against Doge?
In future Doge Coins Elon Musk would try to improve further as this was a low point. From there, the price pumped and took a higher position. Which is now again due to a slight decline in prices, an opportunity has come for investors to invest. So this is the only good time to invest in Doge Coins. Actually it doesn't matter if you really want to invest in Dogecoin, but you need to be aware and understand not to get your hopes up for big profits, it's better to be realistic so you won't be disappointed later because it seems difficult to get Dogecoin back to the hype like before, We never know what will happen so we'll see. |
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I like to buy altcoins when the market is improving, or there is fomo about a coin, but unfortunately lately I often get liquid because of trading leverage, there are things that I understand from there, but I still have to raise capital again.
the risk of futures is very big even though the profit you can get be quickly than you trading, but if you have a little capital, then i would rather advise you to just trading, because the risk is smaller than futures and your money will not be 100% lost, but of course the profit you get will not be as fast as futures. if they want to be assured and safe then best to HODL than day trading mate , because this is risky that you can easily loss if chooses the wrong coin. and also if you advise them to trade then best if they already has idea how this work and how to deal because the more you choose badly is the more your coins will lose. Those who have little experience are not advised to day trade, it is really risky, holding is indeed a realistic option and top coins being a very viable option, for sure they have to decide for themselves what to do because everyone has their own decision. |
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Due to the covid 19 virus some regulations have been made mandatory across the country. And some regions of our country are marked as red zone. But by God's grace we were in a good zone. Even though our area was declared under lockdown, after Marks we were able to move around. And our area was so safe that no one from our area got infected with coronavirus. And all were living their lives in harmony. Regular hand washing, social distancing, wearing masks were being observed regularly by us. But for some people, this time did not go so well.
Because they had to go to work outside to run their families and it was totally forbidden to go outside to work. And they went out to work despite all the restrictions because if they didn't work they had to go without food. Apart from this everything was going well.
But a big problem is the students who could not go to school and college due to the coronavirus. Because during this period the government decided to close schools and colleges. As a result, many students drop out due to long breaks. And many find different jobs to support their families. Basically, this was the situation during the time of the covid 19 of our region.
I think if we survived COVID it was God's blessing upon us. COVID has be very brutal through out. I feel sick twice although I took great care and never went in public. Life is tough and life is so unpredictable Everyone affected by Covid has different effects, some are not too severe and some even die, so we really need to be grateful to be safe from all of this, that's life we never know what will happen and we better try to be a better person. |
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I totally agree with you that it is not right to invest in a coin just because it is the top altcoin. Because the top altcoins are constantly changing. For example, Litecoin was the top 3 coin during the 2017 bullrun. But we saw that LTC was ranked after 15 during the bullrun of 2020-21. Also other coins such as LUNA are no longer among the top coins. So research should be done before investing in any coin.
there are lots of underated altcoins that you should buy, and indeed don't buy top altcoins like Ethereum or LTC, look for potential altcoins at rank 200-500 if you are lucky then you will become a rich person in the next bullish season. |
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These days many new crypto coins and tokens are being introduced and It makes a very difficult decision for the investor to choose which coins or tokens should they invest to make some good profit. Many of the new cryptocurrency makes a good pump in their starting days and after on, they dump in a very dramatic way. This cause a very big loss to the investors and the trust in these types to new coins and tokens is finished. So, the main question is that Is it risky to invest in new crypto coins/tokens? or it is good for a very certain time of investment?
every investment must have something called risk, but in my opinion, investing in new coins is very risky, before buying, we have to analyze it ourselves and find out things about the coin ourselves so as to minimize losses, be careful about coin bubbles and never buy just any coin. don't be fomo and believe 100% what people say on the internet because cryptocurrencies are very volatile do your own research but if you want something called gambling to buy new coins and can expect profit from these coins without analyzing anything it's up to you. That's how it is because risk cannot be separated when we make an investment, so that in this case every investor needs to have the knowledge and skills to minimize risk, Doing the analysis yourself is not an easy thing but it needs to be done. |
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if asked to choose Bitcoin or Altcoin of course I prefer to invest in Altcoins,
especially now is the bearish season where many potential altcoins are experiencing severe dumps,
for example Verasity or VRA, Vsystem or Vsys, and Nervos or CKB,
yes these three coins are potential altcoin in my opinion, try to find out and you will understand how I chose it.
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Binance is one of the largest crypto market exchanges in world. It holds its token also as binance (BNB) coin. This token is now one among the top five crypto currencies. Binance coin price is on roller coaster currently with after FTX drama. Binance CEO CZ, compares the collapse of FTX with 2008 fall of regulated TradFi, which had been in existence for more than 70 years.He is optimistic about the crypto market and predicts a swift and significant recovery for the sector. In 2021, the BNB coin prices soared close to 1688.77 Percent and, from there, the market is waiting for a price increases at least until 2023. Since inflation fears are expected to become more severe at the beginning in the year ahead, Coinpedia Binance Coin Price Prediction( https://coinpedia.org/price-prediction/bnb-binance-coin-price-prediction) for 2023 is $275.2227 towards 2023's close. Currently BNB price is at $289.52 on Dec 6th 2022. What do you think, Binance price will surge above $289 or bearish trend will drag it down? Obviously BNB prices will jump above $300. Even now, BNB prices are trading in the $311-$310 price range. Therefore, I think BNB prices will continue to increase to at least $400. Moreover, the performance of the crypto market has recently started to improve. if you look at the BNB chart, this year BNB has the potential to be more than $ 400, because the Bitcoin halving will arrive in 2024 and bullish has also started, if you want to hold it until altcoin season 2024 then you will enjoy the results, because I'm sure $ 1000 for BNB will be reached. |
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Is 1$ investment in crypto every day enough? I'm making up to 10$ per day and I don't want something that will tie me down financially since I have other things I'm using the money for aka responsibilities so all I can afford is 1$ per day, also is BTC the best option with this 1$ per day?
$1 per day, in my opinion, is suitable for investing in altcoins that have low prices, for example Verasity, MBL or maybe Nervos, because you can get a larger number of tokens and of course you can also get x100 potential, especially now that there is also hype about China it's still running, so that's why my advice is to buy a Chinese coin and hold it. |
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Doge can go 1$ many people waiting that.
don't have to wait you can be stressed if you wait for it to come to doge, just let Doge walk with Elon Musk and you will know how the future is created, buy and store in a cold wallet, because we know that many exchanges are scams and it can threatening your assets, $1 for Doge is also close to being reached in 2021, so you must know the answer! HOLD if you want!. |
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4. Stay focused on the long term
This is the most common mistake of new traders in the market. Some of these people intend to trade because of hype or market condition, for example, if we have a bullish market or bull run, that's the time they only trade. Or another example is they tend to stop to trade after how many losing trades. It just sucks because sometimes they are blaming cryptocurrency or they are telling cryptocurrency is a scam because of their losses. Newbie traders need to learn a lot more because crypto is so complex, apart from that deciding to trade at the time of the hype I don't think is a good decision, because it is precisely when the market is bear that is the right time to buy coins. |
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If asked to choose who you deserve to invest today, of course in Altcoins, I especially specialize in altcoins in the AI category,
because this year it is confirmed that AI will dominate the market and that has been mentioned by ELon Musk on his Twitter, don't miss it,
OCEAN and FET is the best example of an altcoin from that category.
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Is it possible to profit from collapses of altcoins? Do you have any ideas how to?
Are you sure you want to take part of the collapsing altcoin? if you are sure then there you have taken advantage of the altcoin if the price returns to normal. however, what you have to pay attention to for each altcoin that collapses is the potential it has, if it has good potential then you are not wrong to keep it in your wallet for a long time until you can get profits and you can release it when the market is normal An altcoin that has potential, so when it collapses, it is likely to get back up and it is not easy to find an altcoin like that, easy examples such as Ethereum and BNB coins are both potential and quality coins that need not be doubted. |
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"Can I take a loan to invest in bitcoin" this question was asked by a friend
My reply to her is this:
It is generally not advisable to take out a loan to purchase Bitcoin or any other cryptocurrency. Cryptocurrency markets are highly volatile and the value of a particular coin can fluctuate greatly in a short period of time. This means that the value of the coin you purchase with a loan could drop, making it difficult to repay the loan. It is important to do your own research and make sure you understand the risks before investing in any financial product, including Bitcoin.
What is your advice?
I think taking loan for investing in Bitcoin for the long term can be risky proposition , but it is not necessarily a bad idea if you have steady income to repay the loan. The key factor to success is to believe in Bitcoin and not get get overly affected by day of day fluctuations in Bitcoin price. By maintaining your emotional control you increase your chances of coming ahead in the long run. Besides that, always think carefully before taking a loan to invest in Bitcoin, because if you can't pay it off, of course it will backfire on yourself and create new problems, Most importantly, we are responsible for the decisions we make. |
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I havent encountered any tool till date that can replace human brain (correct me if I am wrong). If tools can make you rich then everyone would be running after these tools. Tools can only assist you a bit but final decision must come from your own mind. Its also very unfortunante to see how people are using new inventions like ChatGPT, students are using it to write essay for them while some canidates are using it to pass interview questions etc. Such tools should only be used as secondary source of info primary must be your own mind.
You are right, no tools that will do it for humans, we have to make the decision ourselves and if we are good we are going to make money than lose in trading. ChatGPT is an helpful bot, I was even surprised recently that Electrum developer used it to write some codes in this recent version that was released recently. It can helps in may areas of life, even in learning trading just like I said before. Obviously if we really want to learn the human brain is much smarter and more sophisticated than tools, in trading we have to keep learning knowledge and skills which if we don't have it I don't think we can survive in trading, related to ChatGPT it is indeed very helpful and useful but if we continue to use it it will not make us develop. |
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A rent to own or a loan that will give you a house right after you paid it, is a good decision. Renting a house forever will cost you a lot, and it is only for temporary. The disadvantage of it is that not every single time is you have money, and once you didn't pay the rent, you're living in the street and you don't want that to happen. Saving is also another option, then buy a house and lot.
Indeed, what you want is to buy a house because it will save more on our expenses, be it every month or every year to rent a house, but at this time buying a house also requires a lot of money, of course, and this is not easy, I think it all comes back again depending on our abilities and just adjusting. |
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Well bitcoin is also in that high for the last couple of weeks and also ethereum has this so it means this is not new to expect because Matic is a good and potential coins that of course I also trust. so lets see what comes next for this coin as we as Polygon supporters? may not expect that high but at least to see it go above 5$. Yes, Matic for me is still one of the potential coins and hopefully it can continue to grow, to be able to reach $ 5 seems not easy and takes a lot of time, better just follow the development of Matic and let's see in the future later. |
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Can shiba inu ever get to $1 in the next bull run or more years to come?..
Considering the fact that Shiba Inu continues its campaign to burn toxins, which should lead to a decrease in Circulating Supply, and this, according to the laws of the market, should lead to an increase in the price of the coin. But we will not see an increase in the price of Shiba inu to $1 in the near bull market, since Circulating Supply should decrease by at least 1000 times. Of course we want to see the price of Shiba inu increase but indeed we can't really expect that to happen in the near future, what is clear is that you definitely need patience to wait for this, it will be interesting to see the development of the Shiba inu in the future. |
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Indeed, when talking about these two technologies, of course AI technology is at the forefront because it has developed and has been implemented in various technology products,
for the metaverse I hope there will be a real implementation because it will be interesting and let's see in the future then.
The real implementation of AI technology has indeed been seen, such as smartphone camera technology that uses AI assistance so that photos will be better. and on implementing chatGPT which uses AI that has been programmed smarter to make coding and several other commands. see the future will be full of incredible technology. Metaverse is also one of the digital world technologies that will be presented in a real way. currently widely used in the gaming industry. I think in the future both AI and Metaverse technology will develop and this is very good, actually for the Metaverse for me it's an interesting project so we'll see what happens next, The most important thing is just keep following the progress. |
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