I predict over $1,000 for BNB and $6,000 ETH in the end of this year. That's a smaller runup than we have seen in the recent past, so not a wild prediction at all.
Currently we dont have yet to many DeFi project vs ETH, but BSC is young so i hope to see more quality projects in the future and not so many copy paste ones. We have good ones like Pancakeswap, venus and beefy.
It could be that your prediction will be correct, but in the current bull market conditions, all coins need time to reach it due to the gradual increase in price, so I am also very realistic in seeing this and would be very happy if all Altcoins could reach a high ATH just at the beginning of this month and we can wait until the end of the year whether bitcoin will reach a new ath again, which will bring altcoins to follow including bnb and eth which are top in coinmarketcap. both have the closest opportunity to follow btc, considering that many investors believe in it, and have real products needed every time |
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We have been waiting for a long time and now it has come true. After a long time, we saw above $500 again. Now there has been some pullback, it's priced around $495. If the trend continues in this way, we will exceed $500 in a few hours. Those who want to invest should be a little more careful, we are in a risky time right now  for now bnb has already reached $500, so we have to be careful when buying it, if we look at the left side of the chart, we can see resistance in that area up to $600. but for long term investors I don't think this will be a problem, because later many people predict bnb can reach $ 1k, along with bitcoin's rise for now |
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we need to see the development of prices that occur now and in the future. however, the new regulation from Binance to require users to use KYC is also important in increasing the price for BNB. So far, the price of BNB has indeed continued to rise, and will even be at 50% of $1000, or the equivalent of $500. for that time, that price might be achievable. it's just that, I'm pretty sure the price increase that is happening at this time is strongly driven by the recovery of bitcoin prices. But, I am still very confident in the price of $1k for Binance in the future. however, IMO some regulations may make it a little difficult to achieve.
to make a 100% increase again I think it is now very possible for binance to achieve it, considering bitcoin is also experiencing an upward trend and many new projects are using the BSC facility, so more and more people need bnb in all their needs. Besides that, there are also many investors who trust bnb as an investment tool other than ethereum, especially if we look at the price of bnb is still affordable for now |
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USDT is a stable coin. It is very safe to hold. Infact, if you trade then you can convert your coins or tokens to USDT to avoid losses in a bearish market period. With this you'd have saved yourself from losses.
For now it may be true that USDT is a stable coin to hold, but how about next year, will it be the same and not risky, it is necessary to do an in-depth study if we want USDT as a future investment. Because generally everyone wants to save themselves from big risks in investing, no one even wants that risk to come at an inopportune time, therefore I want to convey that the current USDT condition is not necessarily the same in the following years. indeed in the future we do not know what will happen to usdt, but so far usdt is safe, in the sense that it is a stable coin that is safe to temporarily put our money, and is not suitable for investment, because there is no development. although there are currently some stable coins appearing, such as busd, but usdt still tops the list for stable coins |
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It seems to me that the majority of people who have suffered great losses over the past year will not make any conclusions, after some time other people will take their place - who will also make the same mistakes as their predecessors. In this market there will be very few of those who have suffered great losses but have continued to invest or trade. Most people just went here forever.
Mental people like this are usually influenced by actions, so that it affects the next level of investment, if a big loss befalls people like this, usually they will stop and don't continue investing anymore, they will give up on the situation. That's why the investment formula cannot be forced on what they don't know, this will create the latest risk in my study, but in terms of investment it is commonplace, there are people who go and there will come, this has become the law. right, for an investment, we can't force someone, so if someone tries and fails and then he leaves, then it's their choice. everyone will have expertise in their respective fields, maybe investment is not their field. this if I learn beyond the mentality of an investor. indeed the most fun is to make money according to our skills and hobbies, so that we can do more optimally |
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I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.
Is there no independence in the cryptocurrency world?
Thank you!
not all altcoins follow the flow of bitcoin movements because altcoins have their own movements. but if anyone is following the movement of bitcoin then it is a normal market condition. and lots of altcoins that went up when bitcoin crashed. but this movement is not determined by bitcoin. please visit the exchange market and pay attention to some that do not follow the movement of bitcoin, surely you will find it. indeed there is no relation between altcoins and bitcoin in market movements. but we can see for the most part as if one rhythm, where the movement of bitcoin becomes a reference for the movement of other altcoins. This conclusion is drawn only from the market's habit of moving, but believe it or not, that the movement of bitcoin I think is very influential |
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what is clear is that busd and usdt are both functional, depending on your needs, usdt is more widely used as a pair in almost all global markets, while busd is more narrow in use because according to its acronym, Binance USD, it can only be found on binance and pancakeswap. I often use both, depending on which chain or market I'm trading. well, as long as we use it only for trading needs and not used for long-term investment then it looks like using both will still be safe, after all what's the benefit of holding the coin stable for the long term? in addition, this is a comparison between busd and usdt   https://www.coingecko.com/en/coins/binance-usd
https://www.coingecko.com/en/coins/tetherthe dominance of usdt is greater than BUSD. use it wisely, and my advice is better not to keep stable coins as an investment. I think what you say and give from the comparison clearly there is no difference if it is for price stability, so anything can be used but it is true that more and more widely use usdt than busd. the most important thing and I underline is "what's good in holding the coin stable for the long term" because there is nothing to be gained from that treatment. Stable coins never and rarely do it for long-term investment but to hold it for further use it is clear that many do. they both have the same function. I think this coin is important for those who trade when selling their trading results and are placed on stable coins, with the aim of waiting for the opportunity to return when they will trade again. but in the long term the function may not be optimal, because the asset will remain the same value until later |
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That's great, but on the one hand, you will also expect another increase after a long wait, so this kind of thing has been very common to everyone in the past and also nowadays, where the average person always fills their bags when conditions are good decline occurred in the market.
It is natural when a trader is willing to wait a long time to invest in a currency clearly what they expect is an increase that will make them big profits, buy when a dump occurs and sell when a pump, that is the basic technique of a true trader. As long as you can use the basic trading technique, you will have many times to make a profit, but if you become greedy, you will not make a profit. But you need to learn more to find the other technique or strategy that can help you become a pro trader. With the changing of the price now, it seems, we will see increases more than the price now soon. And if more supports come to the market, that can lift the price to the high price and we will see the market rise again. everyone will certainly look for a strategy to trade, that's the first. after they trade, of course, there will be many obstacles that must be faced, especially for day traders. To overcome this obstacle, a trader must be able to control his emotions so as not to be consumed by market fluctuations. and this of course requires a process to be able to control our emotions |
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Yes, at the moment Bitcoin is succeeding as a substitute for gold but much better. It is like google maps to paper maps. Although we cannot say it definitely yet, we will have to wait for the Bitcoin to surpass gold in market cap. At that point the defenders of gold will have to admit defeat.
Apart from that, we will have to see if tomorrow it will be used effectively as a currency and as a unit of account.
Times change, and even if gold was without a doubt the best store of value that you could hope for thousands of years bitcoin is better in almost every aspect, probably the only disadvantage that it has compared to gold is that in the case of gold people can very easily understand its value just by looking at it, gold looks valuable and bitcoin is just a bunch of numbers on your computer screen and many people fail to see how that represents value. If people will only focus on gold, then they cannot really determine the true value of bitcoin. Gold is only good in the ancient times and its value is only fixed. But with bitcoin, it can totally replace the position of gold because its value is definitely tripled with the value of gold. The only disadvantage is its value has all the possibilities to go up or might dump because of its own high volatility. I think aside from the reason that people have more knowledge on gold rather than bitcoin, they are also afraid that bitcoin will suddenly drop its value when they think they can be great replacement for gold. It's time for us to focus more on Bitcoin right now, where everything has started to turn digital. I'm not saying investing in Gold is bad, but see the performance of Bitcoin is much better and the increase in value is higher than Gold. Even if we compare the profit we make from Bitcoin is much greater than investing in Gold. It is true that Bitcoin's weakness is that the price is very volatile and may be related to legality in some countries. But that's not a problem, if we want to learn Bitcoin more deeply, so that we know how to use Bitcoin well. bitcoin is good and gold is also good to invest. Currently bitcoin only needs recognition and trust from the entire community so that it can be adopted by everyone. but before that legalization is needed from the government so that everyone knows and believes that bitcoin is an investment tool |
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With the big name of Elon Musk, many people will join his project if he launched his coin. People may not care what project it is, they will trust the project to be successful because it is created by Elon Musk. So, although he will create a meme coin, people will buy the coin for sure. They know that Elon Musk will pump it every time Elon tweets. But buying it is indeed very high risk.
as is the case today where he made several tweets that still have an influence on crypto developments in general. and I thought the coins in the name of Elon would be in great demand, until finally they waited for the coins to pump and they were out of the market. so basically they will only look for good returns, because most of them know the risks |
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In my knowledge, Ethereum is so much different as compare to bitcoin in a finance would use it. Bitcoin as many experts mentioned is a better store of value and it durability and immutability are proven. Where as Ethereum definitely has an intrinsic value for so it has so many real-world use case application hence it had already version 2.0 so to speak. Ethereum can scale to changes. But bitcoin can never be equaled.
right, the two are different, which actually complement each other. ethereum boost their trust back after success on hardforlk london. and I don't think eth will be able to replace BTC which is like a fixed price for cryptocurrencies, while eth may still have to be able to compete with other altcoins, bitcoin always leads the altcoin journey, which direction will it go |
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For projects that don't do token sales, I prefer coins that are PoW and open source. Usually a coin like this will be recognized quickly because the community will continue to grow. Currently, there are many projects that do not sell and airdrop to many addresses that have made transactions on certain platforms, but usually the team holds a large portion of tokens so they are prone to being dumped.
airdrop maybe to attract and make crypto community know their project as well. and possible for them while get enough trading volume in exchange they will dump their token. i early they will looks good but behind of this , they want dump coins and get out wiith this money. Therefore we must be careful with projects like this, which look convincing at the beginning, but in the end it will only harm investors, they just want to raise funds, without thinking about the long term development of the project. for me it would be more invested in coins that have been convincing for a long time |
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right, a trader is like going to school, where we must always learn with the market and not be complacent. because the market can easily stalk our psychology when we feel great. therefore staying alert, sticking to the rules, and always being calm are the characteristics of a good trader, they will remain calm even though profit / loss befalls them
Trading truly is like a school, the most focused and attentive student are the one's who comes out with flying colors, but these days everyone wants to trade without the required knowledge, trading based on luck which makes it looks like gambling, entering at any point and hoping for price increase and this what makes newbies loose in trade and quit saying trading is bad whereas it's someone else profession. Trading is not so complicated IMO, what's more important here is your ability to control your emotion and always stick to the game plan. The trend is very easy to predict, that's why it's always advisable to buy at dip and sell at the peak, some newbies failed to follow it, instead, they do the opposite. right, the main factor determining the success of a trader is psychological. but many people are actually busy looking for the best trading strategy, with cool analysis images, but many have not been able to obey it, so they end up panic selling |
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Why do this often happen? What because we always feel less continued? Even though we actually get high profits. But because prices continue to soar, we feel a little disappointed and regret being sold first.
But the good news, at least we have taken profit in a certain number and maybe it's a big nominal.
As a trader, if you still have that feeling, I think it's not professional. if the target has been achieved and the market bounced back, I think forget it, after all we have made a profit according to the portion we planned. a person like that is the same as if he floats minus and is left alone, and finally the minus gets bigger, and he thinks why didn't I do a cutloss earlier |
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It's true that holding is not an easy thing. Hold takes a while and will test your patience. Especially for those who have capital with mediocre money, this is a big challenge because if the market is down and suddenly they need impromptu money that must be met immediately they are forced to take money by selling coins at low prices. Hold is profitable for those who have enough money and will be difficult for those with mediocre capital let alone use their economic base money.
That's right, for people with a mediocre capital, they may only be able to invest in the short term. Serambi collects money from the difference in profits. I'm sure if you are patient over time, it will turn into a hill. but to exercise patience is not easy, especially people with mediocre capital, of course they want to make a profit and the possibility of that profit to be used to meet the needs of life. condition factors that sometimes become obstacles to make us psychologically easily disturbed |
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as an example of ethereum at this time, maybe I can hold it up to the previous eth peak, because that area is a resistance of the ethereum market, and after that a correction will occur, but if the resistance breaks it will form a new ath and we must be careful because there is no more resistance and whenever a crash can happen
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The market is bullish this year but nothing changes on this project???
obviously this altcoin is no longer worth hoping for.
look now the market is currently hot on defi and nft projects.
for projects like cex like this it is lagging behind because there are already much better dapps AMM.
it becomes the right parameter. where when the market is bullish and the coins you own don't show developments that should follow bitcoin, then I also think the coins are irrelevant and deserve to be abandoned. therefore we must choose the right coins for long-term investments so as not to lose time and money |
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If indeed he wants to create meme coins then there is no harm and later there will definitely be a flood of support from various parties because everyone knows he is able to create new things very easily because he has enormous financial power, if this happens then all investors will be easily interested in the coin he created, but there are some investors who no longer care about Elon Musk because he has thrown bitcoin then dogecoin and when It seems like he's disappearing in the crypto world.
but lately Elon has been tweeting again, where we see there are still many followers, from this we can conclude that Elon also still has power and influence, even though some of his followers are left behind as in the case you mentioned, even though they don't like Elon, but I'm sure there are some of them who will follow Elon's words, although they are more careful at this time |
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someone is said to be an investor means he is prepared to hold in the long term. but if he loses, I think it's because of panic selling. therefore we must prepare the worst scenario in investing, so that something like this will not happen, because previously we were ready to take the risk and not only think in terms of profit.
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