What causes people to FOMO into the market could be ignorance, most people see prices at low price and get scared to buy or invest in to the market and when price starts pumping they feel lazy and afraid to enter into the market because of fear of price correction but only for them to watch the price keep increasing and finally goes to buy the top just because of fear of missing out on the profit there feel they would get from investing in coin which there refused to buy at a cheap price.
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There is nothing you see in this world that some set of people cannot do fake or do fraudulent acts for, I don't know if this scenario is conversant in your country but in mine yes. You will see some people telling you they are calling from your banks and collect some certain information and dupe you of your hard earn money.
The truth there is, there's fraud in almost all places we found our selves. The government which accuses bitcoin as being fraudulent are the biggest fraudsters, there promise so much in their campaign of wining elections to gain power and when they finally get in power they misuse it and embezzled a lot of funds which is supposed to be used for the welfare of the people, well the cryptocurrency could be fraudulent but it's rate of advantages it gives to the people is far better off so we appreciate it that way.
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Bounty campaign has really been lucrative to some extent tho not all of them turns out becoming successful, about the amount earn that wouldn't be much necessary, I have actually earned amount close to $1k, since it's just a jnr member account the amount isn't big compared to higher ranks in the forum, well the only one secrete to making money on this forum bounty program is by choosing a good bounty to engage in, it would be better to select and pick out the best tho it could be hard picking a good project, making researches really helps.
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In the bull run season everything which comes to the market is faced with a pump, not all coin which pump in the bull run is a potential coin, this is why we should make good research and be sure the coin we are investing got a good back up and potential project which can enable it's coin survive in the market for long even after a market crash. Truly not all coin which falls in prices rise again, only the good ones rise again so always chose wisely when investing to avoid being a victim of loss.
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When you already profit, it's already a good sign to sell your bag. Don't hold it for too long, there are consequences to it like the price could be dumped by users who hold more coins than you. If you are holding a reputable project though, you have the option to just keep holding until you need money for an emergency. I normally do that later option because I can just think of it like its just there on the wallet while I'm also busy with my dayjob.
It's mostly adviced to know when greed is in test, I think if enough profit has been made it will be better to take profit Buh most times we take profit too early on most potential projects which turns out to be a blast, so I think if the coin is being invested is worth the wait it did be better to hold for long, follow up on updates to see if they did be a launch of something which could eventually contribute to the pumps of the coin, if no much hype or good updates it will be better to just sell while in profit.
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Well due to the congestion of the ETH blockchain there has been insane rise transaction fees and transaction time, which had made some users deviate to other blockchains with cheaper fees and faster transactions time, well we all hoped that the eth 2.0 would be a solution to the high fees of the Eth network well but so bad the launch of the ETH 2.0 hasn't shown any much effect as fees are still high tho not as high as the past months, well lets keep watching how things goes with time.
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I think SOL did very well, I could see price pumping non stop and not just pump it hits it's ATH and keep pumping surely those who bought the dip will be in good profit, yea the week bitcoin and altcoins where on the rise and made good increase percentage. Lately people where saying bitcoin was loosing it's dominance because most coins where outperforming bitcoin Buh bitcoin has proved it's self to always be the leader of price movement.
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Trading with Emotions, Been there done that, a small dip. I panic sell. to think i cut the loss but actually i didnt give myself a chance to earn more profit by HODLING. the thing is when we entangled emotions with trading, risk management is ignored.
Trading with emotions is really bad because it can cause a trader making the wrong decision, and also to be able to be patient enough a trader needs to be sure if the moves he takes in trading, for example you need to be sure the coin you bought or long is a potential coin which will be better in time to come because if it's a coin which isn't good enough your patience will yield no result, because the coin won't increase in price that much.
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Well truth be told most people in crypto are still faced with greed, no matter the amount of profit made there find it so hard to take profit which is really not healthy for some one in crypto, well I was such a person who would make so much profit and ends up not taking profit while in profit till it turn to loss, but well now I learnt my lesson and when I see a coin doing very well I just keep my eyes on it to know when to leave the market and never look back.
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Success crypto projects even exchanges like Binance will take a long time, I believe CZ is doing the best in the crypto space, having the biggest investors with the best crypto market caps since 2018, although we have seen some negative news about Binance Exchange but I still believe that exchange will always been on top exchanges for a long time.
Binance got so many users which love thier exchange and will always love to continue using it for trading, I don't really know why hatred is being spread towards the Binance exchange, well maybe it has gone against some rules of the government or maybe has done something which annoyed most users, well I really don't know but for me the Binance is a good exchange and wish their system continues without facing any challenges.
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How do you know ETH gas fees will be lower in near few months? I don't think it will happen soonTM, so I believe BNB's rise will go on in next couple of months. Even if they fix ETH gas fee problem it won't be near as BNB's low fees. People get tired over 100$ swaps so they switch out. ETH swap fees won't be 1$ anytime.
We where all waiting for the ETH 2.0 to launch because we all believed it will help in the high cost of transaction fee, but unfortunately it has been launched and yet no much effect, this would actually be the reason for the binance smart chain to keep getting more users because people won't want to pay so much high fees for transactions when they can pay less in other blockchain network. There are people who would still use eth no matter it's high fees.
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I wouldn't compare tron with doge coin. If tron is used widely then it will grow more like dogecoin also if there is a person that is very influencial to people then tweet about it. I would say more like a baby brother or sister of a coin. Like dogecoin where there is also another meme coins and that is shiba inu.
Let's face the fact, tron is more useful than doge, tron has a blockchain which is one of the fast and cheap blockchain in the cryptoverse, whereas doge is just a meme coin which turned so valuable with the help of Elon shill. If the tron marketing team keeps pushing harder and also got shillers as well to help bring more investors, surely it could perform like doge and Ada. Among all the bull run which was on before the market crash helped to boost the price of tron so I think it might still do same too.
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Binance seems to be the more preferable, tho coinbase has always been on top, maybe it got something unique, I ain't familiar with coinbase, i prefer Binance because it's user interface is so friendly, maybe that's why people prefer using binance because it's easy to access for both the newbie and the professionals and also Binance supports P2P which seems to be helpful to many traders and investors especially for people in countries which got strict rules for crypto.
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Probably it's your timing that's a bit off, I mean it happens to a lot of people. This happened to me one time and I don't want that that thing to ever happen again because I missed out on profits. Maybe try to be a little bit more greedy when you are hodling and the prices are pumping hard to potentially maximize the profit.
To be sincere the best part would be after taking any decision never look back because one way or the other the market will move against us, and some times checking the progress of the coin projects we held can sometimes be helpful, mostly for new projects always checking on updates about the project and the partnership there got, a bullish news can bring up a bullish price, also getting to know how to analyse charts can be very helpful for we not to miss out on opportunities and know when to exit the market.
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Hello everyone, I just got introduced into crypto by a friend and would like to know how do I go about doing it. Have went through lots of tutorials from different places but did not quite understand how to use them and what to see. That's when I thought a forum would be the next best place to place such a question.
The forum mostly if for discussion but people might help you up by giving personal experience and probably links, but if you really want to learn I think you should start trading with small capital and of course try to apply what you have learned from tutorials and if you still not understand what you have learned and how to use them I think you're still not ready to enter the market. I think the best way for trading first of all is picking an exchange which is suitable to the trader and as a newbie I think Binance is preferable, then use a little capital because small capital makes the trader to be cautious so as not to get rekt while trading, and also not just watching of videos or reading about trading, the technical part of trading is always the best which is why a new trader should always practise all he has learnt.
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The main reasons for unsatisfactory trades is being impatience and the fear of missing out. I've come across both of them, I often found myself being impatient and selling too quickly, which lead into losing a decent profit in the long run, while I've also sold when the market was facing a crash. Sometimes, we're also affected by what others are doing, if for instance the forum is going nuts about Ethereum's crash (just an example), we'll be tempted to also sell because that's what everyone is doing.
It's all about making the right decision at the right time, most of us let our emotions control our actions in trading which is bad. Selling too quickly and later price pumps is one thing that occurs frequently, so for it to be avoided, have a plan, set a target, know the reasons for buying the coin and work with it. Some traders and investors has no plan or any target for a coin, there just jump in, this is why they can easily sell at loss because of a market correction or hold a coin which has given much profit already
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Bitcointalk Username: Emmychris Current post count: 153 Merit earned in last 120 days:1 ETH wallet [Must be the same which you used at the standard website.]: 0xc36BE80721595EC2f162E32d5810a1093E8D289d
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To be sincere i have given up on airdrop long time ago, i found out this days airdrop doesn't worth it not at all, most of them turns out to be scam and even the real ones doesn't even pay up to a reasonable amount, tho most people say sometimes airdrop do pay well but for me i think it's pure luck because seeing those airdrop which will eventually pay well seems so hard and happens once a while so for me i gave up because i found out airdrop isn't for me, i can't be putting much efforts and time without getting anything in return.
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Undoubtedly Binance has really been successful and is also a big company in the crypto space, it's one of the biggest cryptocurrency exchange so far with lots of people finding so much interest in working with the Binance exchange. Actually no company is too big to fail, if there got a little weak point and doesn't work towards it that's where it will start failing from, so i think for a company to remain successful there will keep working to grow their company because there are also lots of competitors.
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My simple advice here is don't invest on projects you know nothing about because that might be a big mistake, the crypto market is filled with lots of risk and also everyone taking part in crypto should be cautious. Most of this new project can easily run away with people's funds or can make an investor lost alot after investing on them, most times those projects turns out to be shit project and keep dumping on the market. So the little research made can possibly save you alot from loosing your money.
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