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If the bitcoin price dump so hard then definitely the market will starting to crash like in the year 2018. Now the market is down I don't think the market will go dump, I think it's not about to happen in this year so I hope we will see the pump of cryptocurrencies before end of this year.
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Old shitcoins going back to the market? I don't think so, but who knows in the future if there is a market for the old shitcoins that has already dead for a long time, maybe there is some people like to buy or collecting it especially those famous scam coins like bitconnect, it's like NFT you know.
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Well that's a good news but I don't think if we can see again the bull of Shib just like before but those days where hype of memes, many meme coins were pumping.. Now the meme hype was over, I don't think Shib will pump again especially it has no use cases so not recommendable investment in my opinion.
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If I were you I would definitely split that money into 3 or 5 for my favorite coins like ethereum, cardano, binance coin, cake and of course bitcoin. I don't think if that is good idea to put all your money in one coin but if you really want to pick one only then I suggest binance coin. I believe that it can increase 10x in the future but we never know when it will happen just hold the coin for long it has potential.
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Your post is correct Satoshi Nakamoto is the person who made bitcoin but his identity is still unknown some says Satoshi Nakamoto is a group, and yes bitcoin is very expensive because of limited supply. Talking about legalizing cryptocurrency, yes there are many benefits but there are also disadvantages of cryptos like the price is volatile, can not recover once transaction is done, some scams, untraceable.. these are the reasons why some government not legalizing it.
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Well I guess this is a good time to build your crypto portfolio just make sure it's a good project that worth to invest, not just pump and dump coins better to research the project first. Currently the market is in good condition I don't think this year will experience a big dip just like the year 2018 maybe it will increase in this ber months in my opinion.
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It is not wrong to be a long term holder some investors really prefer to hold for long because they believe the project that it might increase the price in the future. I know it is risky especially investing in the new project but if that is their strategy to earn more profit then good luck to them. We have different strategy to make profit from cryptos just make sure that we investing a good project.
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We never know if ripple can win the case, it is so risky if you invest in ripple because what if they failed, better to find another coin to invest. With your $500 I recommend to invest in the top coins in the market like ethereum, binance coin, cardano and polkadot, choose one of them these coins are good for long term investments.
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Well I recommend to invest in the top coins in the coinmarketcap surely those coins will pump. NFT games were trendy now, I recommend also to invest the NFT game coins like AXIE, PVU and DPET. I also found a new NFT game which is ETNA network but currently still developing the game, the coin is slowly growing it will go to the moon for sure.
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yes I still hold dead coins in my wallet those were from bounties and airdrops that I participated before. There is nothing we can do with the dead coins, we can not delete or burn. I hope myetherwallet will add an option to delete the coins.
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Funny that I had some those shit coins in my wallet, it seems they luring people to go their site and will hack you once you entered private keys or connecting wallet I think. I never visit one of their site because it is so risky. Avoid to go their site guys it's not a free money.
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I think there is no way to recover your bitcoins, your phone was stolen and also missing phrase private keys but missing at paragraph 12 on your private keys, try to remember it, that's the only way to access your account. If you can't remember then I think you should move on, next time save your private keys and also use extra phone for crypto wallets..
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yes, I also experienced that trading with emotions and end up losing money because I suddenly panic when the price of the coin goes down. I think the strategy here is you must be patient, set your target price to sell and also just be contented with your profit.
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I believe that bitcoin will reach 100k in the future but reaching that price in the month of December I think it has chance to reach it. We really can't predict but seeing the movement of bitcoin that slowly increasing, it convinced me that it can reach 100k price before end of the year.
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My thoughts on meme coins, well definitely they are not good investments, they are just memes created for fun inspired by dogecoin. Elon was the behind of dogecoin pump, he always tweeting about doge to the moon then the meme coins started to trend and bunch of meme coins has been created. Many investors gains huge profit from meme but many were losing money and now the hype of memes is over so avoid investing on memes.
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Well I guess they can make money of it by selling it at high price, it's just like buy low and sell high but there are some people who likes NFT art work just for their collections. Me, I'm not a fan of NFT art work but only NFT games, it's a good investment than NFT art works.
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Well I'm not surprised that the cryptocurrencies are mostly scams, he is right that 95% of them are fraudulent. Nowadays scammers can easily make a coin just to scam people, we should be careful what we invest. In coinmarketcap, the last that I saw listed coins there was around 8k and now it increased 11k so this means more and more scam coins listing in the market so be careful guys do your own research.
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I don't see shit coins that can be benefits in crypto world maybe the behind of shit coins are, you know the scammers. Shit coins are not really good investment that's why it called "shit coin" because of pump and dump scheme, some are just memes with no project behind it and some are just created to scam people. So don't invest in shit coins, better to research the project first before to invest the coin.
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Yes possible bitcoin will break a new all time high before end of this year, bitcoin needs to increase $10,000 more to break it. Good to see that the altcoins are also increasing, I think this is a good sign that the market will go bullish again. Still holding my altcoins for now to see if its break a new all time high.
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