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Yes, greed is the thing that makes most traders lose money at the end. Therefore, it is essential to set a reachable target before buying a coin, and sell it when the target is met.
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I would invest in newly launched altcoins that have a fast grpwong community and with low price (i.e. 1 sat), because they have high possibility of increasing by several times in value.
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The whole market is bearish, I think it is quite normal to see continuous decline of a coin. However, when the whole market is bullish, it is easy for it to surpass its ATH. So if you are not in need of money, you better hold it.
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I also prefer holding when the market is still unstable. However, if you are an experienced trader, you can make use of this opportunity to do day trading
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I also think that KYC contradicts the concept of cryptocurrency which is designed to provide privacy to trading parties. If KYC is required in order to participate in airdrop, it means that participants have to expose their personal information to someone they don't know which is very dangerous as no one know how the personal information is to be used.
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I think the fall of the market prices is mainly caused by whales and weak hands. They keep selling what they have, which continuously increases the supply of coins in the market, making the prices difficult to rise
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Yes, you should think twice before buying a coin which has already increased a lot recently, because whale may start to sell their stock, leading to a sudden drop in price! However, I don’t think only 5% increase in value will make whale sell their coins.
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I think making 10% profit margin everyday is very difficult, I think even a professional cannot guarantee that he can make profit everyday, let alone 10% profit margin
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Thank you for the information! However, I think it is better not relying too much on that before making investment. It is essential to do your own research first!
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I also agree that Long term investment is the best way to make remarkable profile in crypto world, especially for those who don’t have any experience and knowledge of day trading. This is because crypto market is so volatile that your investment profolio can vary greatly everyday.
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I choose to hold, because I don’t have too much time to watch the markets all day. However, before deciding which coins to invest into, I will spend time to do researches first. Once I find a potential project, I will make investment and hold the coin for some times before selling.
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Yes, there are so many exchanges but some of them do not have any transaction volume or use bot to create volume, this you should always be careful when depositing coins into them
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I think all project teams do care about the listing of their tokens, because without an exchange, the prices of their tokens are only determined by themselves which greatly reduces the confidence of their investors, thus making it difficult for them to sell their tokens in the future.
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At least you have not sold them at loss. But next time you have to be more careful. If you do not intend to monitor the market everyday, it is better not to place order on exchange because the magnitude of the fluctuation of the market could be very large.
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I think the price of eth is quite attractive now, it is just about one fifth of its ATH price. If the next bull market comes, I believe that it can reach to that level easily considering that there are many project using Ethereum platform to launch ICO,. So it may be right time to buy some eth now
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I think it is quite hard for an altcoin to take over the current position of bitcoin. After all, bitcoin is the first cryptocurency and may be the only cryptocurrency known by the public.
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It is very difficult to reduce the number of scams. However, it is possible to reduce the chance of being scammed. For example, you can join discord groups that report scams.
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I am also excited to see eth recover. In fact there are quite a lot coins start to recover today. Hope this is a good sign for the market!
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Yes, It would be great if every crypto investor has an optimistic attitude towards the crypto market. However in reality, not many of them can be optimistic all the time...If they are not optimistic enough, they will simply sell all their holdings when a bearish market comes.
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I think it is easier for you to find a job with decent salary in real life than relying on bitcoin to make a decent income, especially you are only a beginner in the crypto world.
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