Bitcoin provides an inflation hedge for one obvious reason: unlike fiat currencies, the supply is limited. Bitcoin is limited to a maximum of no more than 21m. Precisely because there is no central bank in the digital currency world, it is unlikely that bitcoin will lose value if it is pumped into the market like a currency. The decentralized nature of Bitcoin makes it impossible for the decisions of some of the most powerful brokers to fundamentally change the value of Bitcoin holders.
Fiat currency is always printed continuously, so that inflation seems to be unavoidable from year to year. different from bitcoin which has a limited supply, so the price always rises and inflation is avoided. If inflation in fiat is not suppressed, it will be difficult for factory workers in particular, who every year have demonstrations demanding an increase in wages. |
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You may need some strategy only if you plan for active trading or day trading. But, you must consider that 95% of active traders are losing money and at the same time, long term holders are easily making 10x profits on every 4 years of holding.
What you are saying is most common suggestion in this forum but still many people are looking for only active trading rather than going by simply easy way of moneymaking. I guess most people are looking for exiting way of moneymaking rather than the lazy way of moneymaking. But, personally I will prefer long-term holding because I always looking for a sure shot way of profit making rather than risking in something which is profitable only for less than 10% of people. for long-term trading there is less risk and if the market pumps and takes it at the right time, you will get big profits. therefore we must know our trading style so that it is easy to carry out the strategy according to our personal wishes and comfort |
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The point is to have a strong intention and commitment, as well as to recognize market trends from day to day, especially in crypto trading. We are here like to play to avoid risk and play it safe.
In addition, to really be able to determine the right coin to pick, discipline in reviewing prices is needed.
The spirit to always want to learn makes us smarter in analyzing the market. on the other hand, by using the right strategy and high discipline, it will make us better in trading analysis. if we want to do daily trading, I think major coins can be an option |
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In general, what I know is that BNB and BSC are under one roof but have differences in usage. BNB is a coin whose main focus in my opinion is the exchange and BSC is the network. Profit-wise, both will lead to Binance and Binance Coin will one day reach a price higher than the current price. We'll see if that's true?
There is no need to wait for the truth about it because from what everyone has seen now it is a very pure reality where the BSC was deliberately built by BNB so that the exchange and their products become more advanced, so the truth about this and about the price is clear will be very visible and even I believe that BNB will be close to the price of $ 1000 in the near future. binance has an exchanger and currently has a bsc network, with the same development as the exchange it has, bsc is now a favorite network for new projects, so it is more widely used. and if these improvements continue and provide even better service then I think $1k for bnb is very possible |
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When many people are stressed because of the pandemic and their finances drop, the last hope is to try to invest bitcoin, when they get a profit they will invest with an increasing value, this is what makes bitcoin continue to improve so that it becomes the best investment choice during a pandemic.
I think in a difficult situation like today most people will choose to use money to survive rather than invest in any form. after this pandemic is over and the economy starts to recover that is the right time to invest because difficult situations like this could happen again in the future. logically it is like that, but for people who are in cryptocurrency trading, I think they will buy when there is an opportunity for future investment. Of course, no matter how much money we have, if the price is low, we will leave a little to buy it, because it is related to the moment |
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Bitcoin price is still on a positive trend, I think for now buying bitcoin is more profitable than buying altcoins.
Instead, I prefer to buy altcoins because the prices of some altcoins are a bit cheap. While Bitcoin, I think it is better to wait for at the moment because the price of Bitcoin has already increased a bit significantly lately. I suspect the Bitcoin price will have a correction in the near future, before the price tries to test reaching $60k. Remember that the price of crypto coins won't increase all week, it should have time to decrease or be sideways. it takes patience to wait for the scenario as you predict. I also assume there will be a correction after this, and for now I'm also just having fun with a little money to buy some trending altcoins like game projects. but to buy bitcoin it takes patience to enter the support area |
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You can always start with a demo account, especially if it is free and the manager is ready to help you, as with Amarkets, so you can buy it and then go to a real account.
Its a good start to use demo account but I don’t think any manager will help you because there’s no such thing in crypto exchange and you should not depend to anyone. Understanding trading takes time because you need to consider everything, you have to set up your capital, your goal and your strategy. In trading you should be more responsible, learn the process and don’t think for any easy money here because trading is too risky. indeed the main thing in trading we should not think that with trading, we will be easy to get money in a short time. however requires a process that is not easy in my opinion. let alone studying trading psychology, sometimes even though we understand what to do, but we do it like doing a cutloss, therefore we must enjoy the learning process that we live |
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there are many sources that can be used as references to learn trading, the most effective I think is learning directly from friends who are seniors, so we can ask anything about the world of trading, on the other hand we have to enrich our trading knowledge from watching youtube and books that can support our trading lessons , because not necessarily we and our friends will have the same trading style
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I think it's currently a price correction period, where bitcoin is experiencing a correction, and of course it has a lot of influence on the movement of most altcoins, for me if the sol can't break the support around $121, then it's most likely good to start buying, but if it breaks, then correction the price looks like it will continue to the support range in the $80 area, therefore use the right strategy
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After all details we take after research it is clear that trx tron have perspective and potential. Price of 1 dollar is too high expectation in this year I think. But hold for long should be smart decision I think. Decide for yourself, not financial advice.
Tron will be very difficult to fight for $1, but at twice the current price I think it would be very logical to go for Tron because of the potential and volume in the market, the Tron coin is not bad to own or hold in the long term because of the Tron network himself has also been living in cryptocurrency for a long time. For tron, I often use this altcoin for transaction purposes, with low fees, so I choose it until now. from this product, I think tron will be able to get $ 1 later. but it also depends on the development of bitcoin, which indirectly affects the movement of other altcoins. and lastly I think tron is quite feasible for long-term investment, especially if it has broken through the resistance in the $0.17 price range later, of course it will fly even higher |
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1. Bitcoin (BTC) Bitcoin has been around for the longest of any cryptocurrency.
2. Ethereum (ETH) Ethereum is different from Bitcoin because it isn't only a cryptocurrency.
3. Binance Coin
4. Cardano
5. Polkadot (DOT)
6. Ripple (XRP)
7. Litecoin
8. Tron (TRX)
9. Polygon (MATIC)
10. WazirX (WRX)
Btc is always the best to invest in crypto .It is a good list you made here is all the top project included .I think it is always better to invest on the top coin on market it is making you sure that if you hold it for long term you can get a good return .That's why i always suggest to invest on the top coin .On more thing i wanna say from the list you given here from that i wanna choose the DOT,Matic and LTC those are more strong project on altcoin .So guys you can also choose this but DYOR before invest always . for me for the long term I just choose bitcoin and that is enough, unless we want a bigger profit, then we can choose another altcoin that is at the top of the coinmarketcap, where these altcoints have a greater chance than other altcoins , but if we understand the market movement, we can wait for the best price to buy |
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It would be very interesting to see your top 10 coin list right now. It's not important what aspects - just a mix from everything, your overall like feeling.
Top 10? For the people who believe into only bitcoin may not have a such list like me. Still, I agree that I might be holding some altcoins which were collected through giveaways (forum and exchanges)/hardfork and bounty participation but I never consider them as part of my portfolio. Some long back itself, I stopped encashing my ERC tokens after high ETH tx fees. I like to suggest anyone here who start thinking like to copy the people who are listing top and profitable coins as their list; honestly we never need to diversify in crypto space as bitcoin itself got all the power to get us big returns in long run. If you are too concerned about diversification then you may go for investing in stocks/gold/real estate along with bitcoins. if you have invested in bitcoin, you don't really need to worry about even diversifying their assets, unless what we choose is altcoin, so we need to choose several altcoins to be more secure. diversification in other fields is even safer, because it has a different level of risk, and has the same goal, namely profit |
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In my opinion, Ethereum price for this past few days was such a roller coaster. The price was reach $3,500 and now the price had significant drop to $3,000. But I trust Ethereum and I think the price will come back stronger and reach $4,000 or even more. Also bitcoin price was dropping too, after its price very close to reach $50,000 last week.
it's different for me, where ethereum is currently experiencing a correction, and has the potential to fall deeper. to reach the price of $ 4k in the near future I think it is still difficult. Based on the formed chart, there could be a correction to the strong support below $2k. but how the journey we can observe it together |
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The price of ETH has been in a low level, in fact recently the price dropped from $ 3k which is the price level that naturally everyone has good expectations, at the moment the price is at 3,079 USD which is not bad at all, According to cointelegraph, these are the technical clues:  if bulls sustain a price above $3,000, it will indicate an accumulation on dips. The ETH/USDT pair could then rally to the 20-day EMA ($3,303), which may again act as a stiff resistance. A breakout and close above this level could signal that bulls are back in the game. Source: https://cointelegraph.com/news/price-analysis-9-22-btc-eth-ada-bnb-xrp-sol-dot-doge-avax-uniFor now the price of ETH looks somewhat unstable, it is notable that also ETH behaves as a direct reaction of BTC, if BTC rises, ETH will also do so, hopefully the market in the short term of good bullish signals. I see that the analysis came to a price below $2k. however, it seems to expect the price of ethereum to reach the price of $ 5k by the end of this month is still very difficult. In fact, personally, I see that the ethereum price range is in the $2.9k to $3.2k price range, for now the resistance is strong to reach the $3.5k price and stay there. So, I feel that for this month, the price of ethereum will also not be more than $4k. from the chart shown for the short term, the possibility of ethereum still has the potential to continue its negative correction, and it is true that the biggest support is at the bottom line, so I agree that until the end of this month, maybe ethereum still cannot reach the target of up to $ 5k, unless there is an extraordinary news that leads to a sudden positive trend |
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ICO has become such a rarity nowadays, if not being dead already. Have someone seen a decent project that runs ICO now? More often I find projects running pre-sales or from the start offer to buy their altcoin on pankeswap or similar platform. ICOs are not longer popular, because projects set unrealistic goals of raising millions for softcap, secondly buying projects tokens on pankeswap allows sell it back immediately in case of fire. Investors dont have to wait for ICO to finish, listing and etc.
If I had to choose, I would better buy more BTC than invest in ICO, because my trust in BTC is greater than in any project.
it is safer to choose bitcoins to buy as much as possible, than buying ico. but indeed at this time ico seemed to be out of date. but on the other hand I will use a small portion of the funds to select a potential new project, so that if the price explodes we will get a satisfactory return. but what we need to know is that this carries a greater risk |
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Of course, a big change occurred in my life after getting to know cryptocurrency to date. especially with the bounty, I make money from it so that I can invest and trade with the capital I have earned from the bounty. and from here I can support my family properly. I think there are also many members here who get a lot of material from the bounty results, so that their lives are better
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The worst experience I had in crypto was when my cellphone died completely where my cellphone stored the private key of my eos wallet, I lost quite a lot of money for me because that was my savings from the bounty results using the eos wallet, this taught me a lesson in the future by saving PK all my wallets in 3 places, I even print them so they don't lose again
this is also an experience for me to back up all important files. then if there is a disturbance like yours later we will not lose all the assets owned. different from you, I had a bad experience, at the beginning of the year I sold ethereum from the bounty savings, because after that the price soared to this day and if I exchanged it now, maybe I have made a lot of profit |
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There is no need to panic, this is only a simple correction, people who will do panic selling will lose their money, if you are already at loss then you should be diamond hands, just keep holding until the market recovers, this is a common thing happen in the market, those who are old investors are just chilling and dont even think on selling that's why they dont lose their money.
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Are you sure not panic when correction coming and did you see your fund on exchange account or portfolio? how many percent your fund loss and check PNL on Binance exchange then see how many USDT assets loss. I know not to be panic but in the reality when coin crash and dump almost 30% make us most panic and waiting for two or three months later to see our fund back again and recovery during bitcoin keep stable on higher price, if bitcoin still crash need waiting few months later again. it never hurts to fill the bag at this time, but don't use the full capital. we don't know what will happen later, when it crashes, then we can buy it back without experiencing a panic sell. and after that we don't know when the market will recover, and it can happen sooner or later. therefore we have planned it from the beginning, so that we will be ready with all the risks later, not just imagining profits continuously |
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Do you hold any dead coins?
'Dead Coins refer to cryptocurrencies that have been abandoned, used as scam, their website is down, has no nodes, has wallet issues, doesn't have social updates, has low volume or developers have walked away from the project.'
How should we manage dead coins?
I have never held a dead coin at this time, usually coins that have been declared undeveloped will be scammed automatically or even considered dead, for the team that works on this coin will usually shift their work to other coins, the website cannot be reached, even for promotions at the social media level will just disappear, there is no way to manage dead coins, considering that future prospects will not run according to the targets they have set, essentially dead coins will be very difficult to manage. different from me, there are many worthless dead coins from the bounty results, indeed we can't do anything about them other than just as a display in the wallet. and the last hope is to hope that the coin will pump suddenly and we can use it at that time and sell it immediately |
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Staking will be a loss-making exercise if you invest in the wrong coin. In the past I have made this mistake and I am saying this out of my own experience. If the development is stalled and the coin is not good, then the profits you receive from staking may not be enough to offset your losses that occur as a result of a dip in the exchange rates. At least for me, PoS coins returned an overall loss over the last few years, while the PoW coins provided good profits. It can be my mistake as well. I might have ignored the good PoS coins and went for the bad ones.
Staking also has risks, our intention is to accumulate coins, but if the coins do not have a good development, then this will be useless. therefore analyzing it first before choosing coins for staking is very important so that we don't lose time and money |
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