Mine was BNB, ETH, RNDR, ARB. What about you guys? What do you keep following or watching these days? and why?
First ETH. I'm still stuck with my holdings here and that's because of the updates that it's being done. I find that optimistic for the progress of the project thus, I still hold ETH and very optimistic towards it. Then BNB. I'm stuck here negatively because I've bought the peak and when it was $30, I have never thought of buying it and that's a naive decision that I've made over the past years but then, I hope to recover from this loss. Lastly, CAKE. I've got some that's being staked there. |
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take a start by little amount and do not rushes for quick success because success will need time.
This is a good approach and it will end up being called as the DCA. It's good to have this thought that you should not rush making profits on it and you'll take it slow at a time. Invest what you can afford to lose and it's not late at all. People will say that it's late on your part because the price seems quite high but not yet. Consider the price that it's quite high already when it reaches $100k-$1M. People would be always having those kind of thoughts that the price might already be that too high and this is why they would really be deciding on waiting up for some dip but ending up on getting behind and end up on regretting when they do caught themselves when bull run starts.This is why while the market is still low then its never been that too late for you to start and if you dont act now then you would really be getting lag behind and wouldnt be able to position yourself while the market is still low. Its never been late to start and its something that would really be that you shouldnt really miss out. If you are stepping into this crypto world then you should really be that in prepared. Never too late to get started and we're always telling that to the newbies and others that have doubts that it is. Well, for them, it should be a great start that they're now looking to see the start of the bull run and from this point they won't have to experience the bearish times but after this they should. Being in doubt that they're not that late is fine but they'll figure it out that they're still in good time to start placing those orders. |
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take a start by little amount and do not rushes for quick success because success will need time.
This is a good approach and it will end up being called as the DCA. It's good to have this thought that you should not rush making profits on it and you'll take it slow at a time. Invest what you can afford to lose and it's not late at all. People will say that it's late on your part because the price seems quite high but not yet. Consider the price that it's quite high already when it reaches $100k-$1M. |
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SEC should start differentiating those investors that goes in the stocks market without even idea what they're doing. Buying penny stocks and those overpriced stocks and losing them eventually.
I guess that they'll never change and they'll always give that "losing" statements always to bitcoin and to the whole crypto market but will never recognize those that are losing their bets, I mean with their investments on the stock market.
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Instead of hostility between families, it is better to avoid giving debt or loans to anyone in your family if they are not the ones who want to pay for it.
Another solution that can avoid this is by giving rewards to families in need by not expecting payment from them if you are a better person financially.
in this way, in my opinion, you will look like a person who contributes to your family. i think so
That's one of the best approach. Giving them the money that you afford to lose but it's not the entire amount that they're asking. So, it's like that if they're asking for a $100 then you can give them freely $10-$20 and you're good not expecting any amount in return. That's how you can't disappointment them but at the same time, you're still a giver but you don't tolerate them because you know that they can't pay in full. |
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Maybe he's into futures.
Because he wouldn't lose that immediately if he's on the spot but as you've said that when the price dropped again, he's at total loss. Well, if your friend is a long time trader, he probably know what he's doing.
That's why for him it should be enough to understand that the risk he's taking shouldn't be ignored. Otherwise, he should quit futures and stay on the spot trading.
Pretty sure he's been dealing off with futures considering that being liquidated or total loss had happened because if we do talk about spot then you cant lose something since you would really be just simply having that paper loss but not something being realized, unless you do cut loss or you have set some stop loss and been triggered or touched out but if not and its still hanging then just let it be, we do know that price would really be that able to recover but if this one talks about futures then its over.The only thing you do need to cope up with those losses is to trade up with another position but of course it would be something that much better. Multiple positions into different coins is really something that mind boggling or something that not all could be able to pull through, on just thinking with charting then it is really that something you would be making your head ache. Trading up and doing another position might just lead him to another loss if it's the same futures. Doing some spot will make him more patient and also going to lose that greediness that he probably has. He'll learn there that profit is already profit regardless of the position and amount of it. That's going to teach him a lot if he jumps over there from the current position where he's in that has made him a lot of losses. |
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Bear market can be good or bad depending on the point of your view. If you think that it's actually a negative thing then that will stick into your mind that actually is.
But those that have been waiting for the right moment to buy bitcoin, it actually isn't a bad thing but a good time to have some more bitcoin and buy it at a lower price.
It's beyond our control whether bear market will exist or will end sometime in the near future. And with that having said, we're about to see that it will actually end soon or it actually did.
Yeah, and I guess everyone should have at least experience a bear market in their lifetime, or in their bitcoin investment. I know it's tough, but this is one way to test yourself, on how you are going to take it. There could be individuals who might decide to quit and comeback later. But there could be some who wanted to stay and then rebuild their portfolio, by reinvesting in the bear market and then accumulate. Then it will be rinse and repeat for them, and could be very easy in the next cycle to come because they know what they are going to do in order to make profit and generate big money out of this bearish trend. Not for the actual new comers to the market as in just now because there have been news again that sparks about it reaching $30k once again. But yeah, majority of us in here have experienced the brutal bear markets and honestly, the last one that we did just as last year wasn't really that hard at all. I know people that have been there and just monitoring the market and decided to leave because they can't take it anymore but then, when the market is back and up, they'll comeback because they see the opportunity again. |
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SOL is out of the choice, they're no good honestly.
Why it seems that we already know the answer but we're removing bitcoin on it. But the aim is to become a billionaire? Well, that's really gonna need some serious choice from the altcoins.
Since you want to have some tremendous growth, I don't know if that will be enough if the choices will be filled, it should be a project that has never grown and pumped yet.
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Bear market can be good or bad depending on the point of your view. If you think that it's actually a negative thing then that will stick into your mind that actually is.
But those that have been waiting for the right moment to buy bitcoin, it actually isn't a bad thing but a good time to have some more bitcoin and buy it at a lower price.
It's beyond our control whether bear market will exist or will end sometime in the near future. And with that having said, we're about to see that it will actually end soon or it actually did.
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My friend loves opening different trades at a time, most at times is difficult for him to control what's should be. Trading on free chart with multiple opening can be very dangerous. Yesterday he experience unusual hit when bitcoin price drops again, four trades loss at once when the market go against him. Personally I don't advise multiple trade especially when you're not familiar with trade
Maybe he's into futures. Because he wouldn't lose that immediately if he's on the spot but as you've said that when the price dropped again, he's at total loss. Well, if your friend is a long time trader, he probably know what he's doing. That's why for him it should be enough to understand that the risk he's taking shouldn't be ignored. Otherwise, he should quit futures and stay on the spot trading. |
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Yes, I did the same experience for some altcoins and I just held back and accepted my losses. If I recover that's nice but if I hold, I basically accepted defeat and that money was lost already.
This is the risky thing in investing in alts when you're not prepared for it, you'll be emotional to accept it that your money is lost forever and if it's looking that the recovery is going to be hard then there's no expectation of any loss coming back.
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Well I have use Binance exchange for a long time. It has always been my preferred Crypto exchange. It will make no difference about the fud I read with cz or fud it will close down.
When they bought trust wallet I became more confident my alt coins would be safe. I keep most of my alt coins in trust wallet and have ever since it launched in 2017. I feel compared to some others that it is just much safer with Binance and the good history it has.
Trust wallet and Binance are two different services. With trust wallet you can keep your altcoins there but it's a different story if someone still keeps on keeping their altcoins over Binance exchange. Binance truly has a good history and not just that, they've been witnessed on how they handle such situations. Like when they were hacked and with all these fuds, I guess even not a fan of them will say that they won't be falling down that easy. |
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It's all on you.
Though you're not compelled to do that but if you think that your privacy is compromised and you want to gain more privacy then do it.
It is more worrying to send bitcoins from a mixer to an exchange but since it's the other way around, there's really no problem at all if that suffices your mind and thought.
that is true. if that will give him peace of mind and you can afford additional fees and can wait, you can very well go to this route. otherwise, ask yourself, to what extent of privacy you are looking for? and what are the reasons why you want to preserve your privacy? as the OP is seeing that his privacy is compromise owed to the fact that addresses coming from the exchange can be trace, then, do what you think is necessary. I think we all have common reasons why we want privacy and it's understandable why he thinks he needed to ask this question. So that's it, if he wants to have some added layer of privacy then just do it. There are a lot of mixers currently that we've seen launching their services after CMs crack down. And most of these mixers aren't saving the logs, or are they really?  |
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1. DYOR - always following my gut.
Yeah, like it's a good thing to make DYOR at all times but saying that you also follow your gut is a good strategy. But our guts can also be wrong. I know that feeling that sometimes we tend to feel something good or bad within a project but that won't be enough IMHO to have a verdict whether you should invest or not. Most new coins are just being done based on their promotional tools and drives but then, the majority of them are ending badly. Going with your guts with a project that you are looking to invest in is not a very good idea in my opinion. Everyone can have different gut feelings based on circumstances or even what their heart or mind says about something, and that is now how markets should be judged as it can put you at great risk of losing your capital invested in that particular project. So the best practice is not to follow your gut feeling but does extensive research about the project before you take your final decision of whether you want to invest in it or not, and your research must involve every possible aspect that can be an indication of a project's potential in the future. At least for OP, he has explained that it's not just pure guts but he's also doing research and reads a lot of opinions so, it's not just really all about his guts alone. And that comment of his is just posted above yours which basically is a good thing that he has explained because many of us thought about it that pure gut isn't good idea at all. |
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* WEBSITE
* TEAM
* ADVISERS OR PARTNERS
IMHO, these are crucial factors. You can have the first glance if a project is good enough or scammy. Because having a good website is a big factor that will make investors see that these are professionals. This is just like being on the first step. And looking at the teams and partners, you can research them on different platforms and social networks if they're real people. Because the scammy ones are just copy pasta's with the name's and pictures. |
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I think 2023 is the right time for you to buy altcoins, because the price of altcoins this time is really very cheap,
remember this is still in a bear market, meaning altcoins will go down and down again,
but that's our chance to buy it and you can hold until the time comes, I predict 2024 will be a good year.
This year will end and it will just pass again just like the old years. Like you're saying that this is the right time to buy altcoins, buy. But that doesn't mean that you can choose everything that you may want. Many are cheap because of the bear market. There are those top altcoins that's proven to be good to be an option whether they're not really "cheap" in terms of pricing. |
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And I would like to refer to this part "I always following my gut".Two of you have disagreed on that with me, writing that: Following your gut is not really a reliable method when it comes to investing. You want to base your decisions on solid research, not just some random gut feelings that changes overtime. or But our guts can also be wrong. I know that feeling that sometimes we tend to feel something good or bad within a project but that won't be enough IMHO to have a verdict whether you should invest or not.
What I wanted to say, was that, in my opinion, at the end of the process, whether it is good to invest in something or not, it should be your own decision. So for me, following my gut means that I will do research and read different opinions, but at the end, my own opinion is what matters. And if a project has great statistics and appears to be a gem, but I have a feeling inside that something isn't right (even if I can't say what it is), I won't invest in it. Nice, that's a great explanation about following your gut. That means that it's not just solely basing on what you feel towards a project but you're backing it up with research and more readings. It's a good way to assess a project that you're doing all of those stuff unlike many today, they invest in because they're emotional and doesn't back up with any solid reference to defend why they've invested into a project. Much even worse if they just follow the herd of that token's investors. |
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It's all on you.
Though you're not compelled to do that but if you think that your privacy is compromised and you want to gain more privacy then do it.
It is more worrying to send bitcoins from a mixer to an exchange but since it's the other way around, there's really no problem at all if that suffices your mind and thought.
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I've thought of because of Axie Infinity's CEO is from Vietnam.  But AFAIK with that game even if they've got a Vietnamese CEO, that didn't really made a lot of adoption in that country. Whatever is this hackathon and data that are being presented, there's always something within it. Whether they're real or not but basically with these stats, it's just a comparison to other nations and looking at the number, why say far ahead than US. Is US the basis of the crypto adoption when most regulators there and exchanges have been hot on each other? |
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1. DYOR - always following my gut.
Yeah, like it's a good thing to make DYOR at all times but saying that you also follow your gut is a good strategy. But our guts can also be wrong. I know that feeling that sometimes we tend to feel something good or bad within a project but that won't be enough IMHO to have a verdict whether you should invest or not. Most new coins are just being done based on their promotional tools and drives but then, the majority of them are ending badly. |
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