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I understand this doubt, it's because you think short term. if you think long-term of course you won't feel doubt like that because surely you are sure that in the future there will always be history that bitcoin has achieved. I can't say this is a bear trap or not because no one knows what will happen after this, for example like the SEC issue that appears suddenly and makes crypto prices go down.
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Coin memes don't have any utility and they don't even have a roadmap like a typical utility project. in other words there are no plans or innovations worth waiting for. What made Shiba become as popular as it is now is not the utility but the hype. maybe this news was created by a group of shiba lovers to increase the shiba hype and beat the elon backed doge  |
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I don't consider all altcoins to be future or long-term gains. only a small part, for example BNB. my confidence level in BNB is over 95%. then why should ''hold'' long term? BNB is the most popular altcoin after ETH and BNB there is an altcoin that is supported by the largest exchange namely binance. there is no reason not to invest long term in BNB  |
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not all crypto influencers are paid, sometimes they just give opinion on a project. my friend used to be a crypto influencer and he doesn't receive payment from anyone (even from youtube), he only gives an opinion or review of a project according to what he knows from the website, roadmap and others. sometimes he also gives predictions about an altcoin price in the future.
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first, it doesn't matter even if you are more interested in altcoins but most of your portfolio should be bitcoin because bitcoin is the most popular crypto and lowest risk investment. related to tokens that are on the ERC20 network has nothing to do with bullishness because what causes high gas fees is not bullish or bearish but the density of transactions on the network.
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Investing in large altcoins such as ETH and BNB is not much different from investing in bitcoin, meaning that the risks you receive are not much different from bitcoin. people who buy new altcoins dare to take risks to get big profits because usually the pumping that occurs with new altcoins is more drastic. I think that's the reason why there are still so many people willing to buy new altcoins.
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regardless of the Binance vs SEC issue I would say "yeah it's not too late to buy BNB". I say this because the current BNB price is still relatively low and most likely the BNB price after this will continue to rise. especially when the crypto market enters a bullish phase, the price of BNB will definitely rise much higher than the current price.
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sorry I do not agree if you say the growth of BTC depends on the loss of faith in the regular currency because everyone buys bitcoins for investment purposes not to replace regular currency. I think investing in BTC and ETH is not much different because in fact the price of ETH and most of the altcoins follow the price of BTC. You can prove it by looking at the chart between ETH and BTC movements, you will definitely find price movements that are not much different.
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most people believe that new ATH will be created within 4-5 years. the wider adoption and the limited total supply of bitcoins makes everyone's belief increase that in the future new history will continue to be engraved. I know bitcoin investment is a high risk investment but I believe that bitcoin investment is one of the most popular investments now and in the future.
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the benchmark or value of all investment assets is measured in fiat currency because fiat currency is a legal payment and is recognized by all countries. and the most widely used currency today is USD, therefore all stable coins are currently based on USD. bitcoin can never replace fiat currency as a legal payment because fiat money in each country is different, besides that bitcoin is also used as a means of investment and of course the value of bitcoin will not be stable.
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Where next? of course BItcoin will go to $ 50k if the price of $ 30k can hold,
therefore we have to monitor it especially especially on weekends the volatility is higher,
if indeed this is not a bull trap then good news for the crypto currency market will arrive.
good news friends, now bitcoin has managed to penetrate $ 30k and to be more precise now the price of bitcoin is around $ 31k. next $50k ? very likely, but not in the near future as there may be several corrections before reaching that point. |
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^ True... It might not drop down as deep as 25k from here on out but that's where support most likely is rn judging from the past price action. As for the trend going up to 37k, it's looking less likely the more we stay at 30k - 31k. Hopefully we at least get past above 32k before the week ends. Check the 4h chart... It feels like a dump away back to 25k.  But all in all, if the month ended today BTC would be up around 11% for June. Not bad imo. now bitcoin price hovers around $31k and it seems that without big news like the SEC it's hard to get back to $25k. many say that $30k is a strong resistance and if bitcoin manages to break that barrier there will be a strong push. now bitcoin has managed to break through that barrier and i believe this positive trend will continue until at least $33k. |
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so how high price do you mean? Anyone who has been familiar with bitcoin for a long time knows that when bearish comes bitcoin price will lose more than half of ATH in price (even 70%-80%). but it doesn't matter because this has already happened, all you have to do is keep hold until bullish comes. maybe around 1 more year because most likely bullish will come in 2024 or 2025.
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What you decide maybe it is the right decision because it will only be a waste of time to invest in shitcoin,
better use that precious time to research coins that have potential and it will be more useful,
learning from that experience will make us better.
Actually investing in meme coins or shit coins doesn't take long and you don't need to do complicated research because even most of them don't have a road map and no information about the team behind the project. my advice if you want to invest in meme coins invest $ 1 and forget about it, hope that in the future the meme coins you invest will be like shiba |
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It's true, during the bull market, we see a lot of new projects popping up, especially on CMC. Some of them are just trying to attract investors and may not meet exchange standards, leading to delistings. Investing in altcoins can be a way to take advantage of the bull market and potentially make some gains, but it's important to do thorough research and choose wisely. Altcoins can be volatile, so they may not always survive the dip after the bull run. It's all about finding the right opportunities and managing the risks. Good luck out there! 🚀💸
This all happened because indeed most of the new projects will be listed when the bulls arrive with the hope that their altcoin prices will also be affected by the bulls. they forget that after bullish comes bearish and they don't think about how to deal with bearish, this is the reason why many new projects can't survive and turn into dead projects. |
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Although many people predict the crypto market, as far as I know it is not that easy to predict crypto and it is very difficult to predict with complete accuracy. But I think memecoins are currently too hyped. Coins are gradually disappearing. Now it seems that many new memecoins have emerged. Many people are investing in this memecoin but no one knows that there is no guarantee that the price of this coin will be desired in the future.
even investing in altcoins with utility often falls short of expectations, let alone investing in meme coins that have no utility and are just hanging on to hype. I think people who invest in this meme coin hope that in the future the meme coins they invest will become popular and they will get big profits with little capital. |
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since the first time I played crypto until now I mostly use CMC. there is no particular reason why I prefer CMC over other crypto portfolio tracker platforms, maybe because CMC is the first crypto portfolio tracker platform I know. It doesn't matter if you want to use another platform, the important thing is the altcoin you want to search for is listed on that platform.
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depending on the expertise you have. if you have short-term investment skills or a day trader it doesn't matter if you make long-term investments while doing a day trader because you can get two benefits. but if you don't have that expertise it's best to only choose long term investments because day traders tend to have a more complicated analysis.
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if you are in doubt you should not because doubt is proof if you are not sure about the project. it doesn't matter if you ask for the opinion of forum members but before investing you should do your own research and prioritize the results of your own research. for now this DEX does not prove anything and the benefits offered are a marketing strategy from the team, after launch it is very possible that the market response is far from your expectations.
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a few days ago the price of bitcoin rose dramatically and maybe that price increase is also a sign that the SEC issue is over. my instinct says if there are no more issues like this then the price of bitcoin will continue to rise because more and more people are buying in preparation for a bullish welcome in 2024.
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