I am doing more research to educate myself in this market, this is not a bear market but we will see regular correction after few pumps. Also the bitcoin dominance is expected to reduce in the bull market, so we might need the education on what to watch and how we study to market movement. For long term traders, the size of profit will be different with the same amount of investment, strategy should be different and risk should be educated. For expected trillion market in next 18 months; we also expect the space to produce many millionaires and billionaires.
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I am a little conservative with my price prediction into the end of the year. We could see something beyond but I dont expect new ATH this year for bitcoin, maybe in the 3 month of 2021. $15000-17000 is my high price range this year into the end of the year with a marketcap double ($600-700b) at the end of the year. Defi will produce many new projects in couple of months and new ATH for existing ones.
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We should be reminded that ICO bubble was for over 2 years and made a lot of good projects and many scam. Some will realize after 6 more months to join the Defi hype before been left out totally. It has a alot of default but go after the money
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Some altcoins bags are been sold at the moment and traders might need to be careful. Old coins that had lost the community without any development could loss whales in such community. For any coin losing price and position in the coinmarketcap without any bad news is sign that things could be winding up gradually, some even got bad new e.g is the ETC, NEO etc.
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IMO the only coin that can challenge ethereum on the list is BNB. THey have the technology, community, market and fund at every form to defend their product. BNB is now working to provide a blockchain that can relegate ETH and take care of all the weakness we have been dealing with on ethereum blockchain. I appreciate the fund that came through ethereum into this space but we could seek other sources if it is available
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I will watch out for the Defi supporters, blockchain and the community. Ethereum Defi project seem to be thriving in this market. Although some Defi does not have great supporter but I feel supporters with development in the space and exit scam, it will attract many to produce a larger community. We might need to also look at the use case of the product and the technology.
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For those that got some blockchain education and have a product in the market, they already have a job to keep it secure and safe from hackers. I believe blockchain security will be the main concern in years. Anonymity in blockchain is losing its value and more fund could be put into it to bring it down, any anonymous coin that is broken has already lost its value.
If I may ask, what are the specialization of blockchain asides decentralization, transparency and immutability?
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In my opinion it will end soon maybe because of its bad reputation and the hype will be gone sooner but there are still projects that are shifting their coin into DEFI so it will stay a little longer, just like ICO in 2017 and IEO in 2018-2019 and DEFI in 2020, and it's good that you're hopping the train because it's very profitable as long as you have a proper entry and exit as soon as the whale dumps.
I dont consider the reputation bad, we only had 2 exit scams ( one had been redeemed with the refund and other doesnt look true to me). Except for anonymity of teams of some of these projects and involvement of decentralized exchange in large swap, there are chances to take a better decision on choice of Defi project. I also feel when such size of fund goes into a development prior to bull market, it can be sustained until after it.
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It is disheartening how 20% of fund in Defi left after the exit scam. If they can hold on to the rest fund, there are possibilities of come in few weeks. The development is a very profitable venture for the whales, which does not require any other coin before fund flows in. It is a bigger risk if Defi investment is not taken from a profit minded trader, Just like every other investment, put the fund you can afford to lose.
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we need public statement from the team on some of the claim on his return to the project, they need to acknowledgement of fund reception. Obviously he should never be in a role in disposal of fund. I also expect the team to put some of the fund into buy back of coin to help hoarding the coin. The fund at the moment is not in the project and it is easy to divert for personal use
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Football is the easiest sport to play,except for loss of both legs. you can play all by yourself if there is nobody and addition of more people makes it competitive. It is the most watch outdoor games around the world. It also has the largest numbers of participants, has the highest fund investment and can solely be the source of economy of a country.
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Malcolm S. Forbes is stated, "The purpose of education is to replace an empty mind with an open one". what do you think about our education system?
Every country's education system is different from the other and you cannot compare the whole education system as one entity. In some places like Japan, the education system is very good while many third world countries just sell the education (degrees) and teach nothing. In teaching nothing is where the investment should be for the third world countries. Investment should be in the teachers, materials of learning, research and feedback. It will definitely take time, it was discovered that the level of degree of some teachers is not as important as the process of imparting and acquiring the knowledge. Improvement of education from the cradle will enhance the later. After the education had been attained it is also important for an environment for implementing the acquired skills and knowledge.
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Crypto is getting harder to predict now, in August we saw a very good pump and many of us must have thought that a bull run was coming soon but when it entered September the market suddenly bled, will we see bitcoin under $5k again until the end of the year? Was the increase in bitcoin and some altcoins in August just because of the Defi hype? Share your opinion
Exactly my thoughts. The crypto space is getting harder as the day passes. The sudden crash in the market is really what I have not understood. But then, we should expect this kinds of crashes in the crypto. The bad thing is that the market may not climb that fast the way it dumps. Taking profit for most people in altcoins might probably be to bitcoin and I dont see much of holding of stable coin, which is the big disaster from this dump. The space will be looking for a bottom for most of the top coin and we might have to wait for few more months to climb back to where we are. I expect it but not this fast in a short while. It is also a time to buy from the dip
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We might need to revisit the purpose of having an ANN thread for any cryptocurrency project especially those that started from here( https://bitcointalk.org/index.php?topic=5188163.0 ). The early projects have announcement threads in the forum that is still active till date, it has an active moderators, that post developments and answer queries and question. They are usually added to the contact media on market charts. I trust projects with thread on the forum than telegram, they face stronger criticism on the forum than on Telegram and social media.
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Blockchain is not all about cryptocurrency although cryptocurrency seem to be the most popular of the use because it is the most profitable investment in many years. As many countries are adopting blockchain in many sectors I believe studies from researchers will improve and enhance the use across many other sectors in the country/department. The technology is not as young but there is capacity for some developments for security especially
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Is not compulsory to have signature on your profile while making a post but It beneficial to get involve in almost everything that makes money on the space either new or old coin.
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Did you notice that most post in this forum are from members that are carrying defi signature? The compettion for such reward is growing becasue of the sentiment behind the projects. I wish to know how Defi profits more than projects with coin for staking. I never knew I could be late to the Defi party after seeing the market make profits in 100x in just 8-9 months in the year
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Everything is great with that project: the platform is working, the team is fine... There is only one problem: the SNC token has no utility. People are using EUR instead of SNC. Everything goes to SONCE (and other companies in the group), but token investors are empty handed. There is some volume on Huobi Global but even this is mostly faked (wash trading). You can't sell more than cca. 25.000 SNC at once.
Have followed this project from ICO and have some other energy-crypto project I watched close, they struggle to implement the tokenomics behind the coin. They make it look like they exploit the ICO to fund the project and abandon all investors. THey a lot of ways to reward all investors that invested bitcoin when the price was less than $2000. They could sell the compares for SNC for long term holders and many more
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Some big announcements are coming up soon. Do not sell your wpp cheap or you will have to repent all your life Haha, I heard this joke a couple of times. And don't forget to put $100k in wpp token if only your wealth is $10 billion , which means ... if your wealth are only $10k , don't ever try to invest in wpp token more than $1 , this is a super high risk investment with high price volatility . It's indeed your $1 could turned into $1000 within a week , some people has proven that here. And there's the other side of the story who lost $1000 to $1 . It's all your choice. Wpp still has a chance to prove we are wrong though. Its a gamble and anything we read is unreliable until we see successful implementation of the tokenomics, on paper it looks good and we were told the team has a track-record with energy project but cryptocurrency still make them struggle
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