Now crypto market is growing super faster along with Bitcoin. Altcoins are become so expensive. People who keep waiting to buy altcoins with cheap price during Bitcoin halving, are disappointed cause market is still on up trend. Sometimes little dump is happening but market recovery also done so fastly. So what do you think? Will altcoins ever cheap again? Or you are buying overprice altcoins?
Not all altcoins are expensive right now if you're looking for a promising altcoin you can invest and get a nice profit later. Right now I'm buying both some cheap and some expensive altcoin because old altcoins feel safer compared to new altcoins because not many altcoins will survive in the next bear market so choosing the right altcoins is more important than waiting for altcoins to become cheap again. |
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We all know how volatile the market is right now especially since we are still near the all-time high. With sudden price swings and unpredictable trends, traders need to be ready with some strategies.
So, what strategies can you advise especially in protecting our capital, some technical analysis strategies? OR some diversification tactics between stablecoins, bitcoin, or altcoins?
Share some of your experiences or tips on effectively trading in these uncertain times.
I'm keeping some USD to buy more when the price falling to where I put my buy order, when something uncertain happen it's better to avoid leverage trading cause price can fall suddenly and make your trade liquidated. Always use TA when we want to trade and look for the TA result, know the risk if we enter the market now because not everyone ready for FUD out there. |
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~snip~
The big question is: which memecoin will perform best going forward this year? Could we see Dogecoin reclaim its former glory as the king of memecoins? Or will newcomers like Pepe, FLOKI, WIF and Bonk continue to steal the spotlight? I'll like to hear your views...
We will see a lot of influencers that promoting memecoin in this bull run because lots of people will only become exit liquidity to those who understand how to play it, as long as we don't forget to take profit it will be fine, as long as we know the risk you can go ahead to invest your money in memecoin. Memecoin is really tempting when we saw the profit in this bull run, but there are always lots of risk behind it, and we should prepare if something bad happen. |
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When we are at Extreme Greed you need to be taking some profit off the table. Most people in crypto fail to keep the money they've made. They either sell too late or they selfishly watch all profits fall back to zero.
I've seen this happening each cycle.
~snip~
Well, most altcoins can give you -99% loss in a blink of eye if you hold it for long term and forgot to take profit because the trend for altcoins is always changing every bull season that's why many altcoins just for exit liquidity in a bull season. Bitcoin will be the best if you put Fibonacci analysis to know where you take profit or where you open your trade so make sure to trade using TA because without preparation many people will only become an exit liquidity. |
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I have now been investing in Crypto for 10 months and its been a test of patience thats for sure, feel like I have entered in a bad year with lots going on causing these bad times and low prices we are currently seeing.
My portfolio is currently 36% down And feel I have no choice but to hold till the next bull run which is hopefully only 12-18 months away. I will continue to DCA but in recent weeks I have slowed down having gone from investing every week to every 2 weeks as the prices just keep falling.
I am just wondering if those who have been involved with crypto for a few years at least could share their experience and offer any advice for those new like myself?
Thanks
Doing lots of Bounties and investing many cryptocurrencies but in the end the reward from doing all the work sometimes got used for emergency case because I lack having an emergency fund. But until now Crypto only something that I did when I have free time because I have work and family in real life. It's quite hard to maintain my time with both of them(family and work) so I only did DCA and hold for long term right now. |
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~snip~
1. Learning on YouTube and other PDF resources online
2. Attending conferences and watching trading podcast
3. Find a mentor, whether offline or online. You may not be close to this person but always study his trade
4. Practice always and maintain consistency
Everything mentioned above seems very simple to those of us who want to learn trading. However, not everyone has the time to start learning slowly. That's why many people want to pay someone to teach or guide them in trading so they can fast their progress in learning. Paying money to learn trading is like investing in ourselves because it's similar to paying to learn piano or paying for a degree |
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Ico, ieo, defi, meme, nft and so many altcoin trend came, created hype and then end. I notice, when a new trend start, then trend Related new altcoins are getting lots of investor and become profitable! And seeing such success ratio, scammers also launch their token and destroy the trend and hype with scam. Now Ai coins are in trend. FET, AGIX and OCEAN are suppose to be good for investment. What do you Think? Time to invest AI coins or you avoid?
Currently AI technology is in trending. Most people are leaning on it so hopefully it will do well in the future. But also keep in mind that Metaverse projects will give very good results. When the price of Bitcoin went up such a project gave a lot of profit. So if there is enough funds, just buy and hold everything a little bit. Metaverse tokens still exist right now but not that hype compared to when it first introduced in the crypto market, AI tokens will face the same problem because right now I see lots of AI projects around the Internet. Right now it's still good to invest in AI tokens but always don't be greedy, sell when the altcoin season ends. When something popular happens in crypto there will be lots of scam attempts from scammers it can worsen the AI project's reputation from the Investor. |
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Sometimes I begin to imagine instead of transferring my money into the bank to keep for a number of days or months before usage in form of savings that nothing will add up instead it remains stagnant or the bank charges me even more. Is it not better I save them on a stable coin such as the USDT?
Please what do you think? Will I end up losing my funds one day if I do so?
To me I feel it's good way to save.
Please what's your opinion on this?
Well it's good when you can sell your asset to USDT when it's on a new ATH after that you can wait to invest at a good entry price, for long term saving on USDT might not be a good idea but if you find an opportunity don't forget to take it. Also saving in a stablecoin has a risk because even a stablecoin backed by fiat with a ratio of 1:1 is able to dump below 0.95$. Crypto world is very risky so we need to prepare for any risk that can happen. |
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I basically stick to idea buy low priced coins like 0.00001$ that have good potencial
so when coins get to 0.01$ its a very good profit of %
For my self i have 60% of assets on BTC
But i wonder on which coin you have more % invested ?
Right now I put my money on Ethereum waiting for the ETH ETF to get approved https://finance.yahoo.com/news/ethereum-etf-approval-expected-may-155915399.html After Bitcoin ETF was already approved I moved my 80% Bitcoin to ETH and hoped that the Ethereum movement would be like Bitcoin, for other altcoins other than Ethereum maybe I only have 1% for top altcoins such as BNB, DOT, SOL, etc. I'm more like to invest in something slow but sure rather than gambling my money on memecoin |
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When there is inflation, an increase in the minimum wage is necessary to ease the pain of inflation on people. Btw the inflation rate that the government sets is not a good indicator because sometimes they say that inflation is 10% but actually in real life, product and service prices go up by more than 20%. Since many companies pay a minimum official wage to their employees, it's good if governments increase the minimum wage because an increase can help millions of people overcome financial difficulties. For example, while inflation is 20%, 10% increase in minimum wage can make it look like inflation is 10%.
It's not strange when the government said the inflation is 10% but actually around 20%, that's because not all items are up more than 20% let's say in my place vegetables are up for 5% and rice up for 1% so the government will say that the inflation will be around 3%. Why we always feel that the inflation from the government is different from the reality because our daily needs are the one got big inflation. Raising the minimum wage is good when the companies are able to raise their worker's minimum wage if they can't raise their minimum wage some workers will get fired from the company due to a lack of funds to pay the worker, in the end unemployment rate will increase and many people will lose their purchasing power. |
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~snip~
To cut the story short, I’m advising mostly the young people of our generation to save, avoid unnecessary spendings and save even if it’s so little, cause you might find yourself in a situation tomorrow and you wouldn’t want to call home or ask for help, cause you have a second choice, that means you are literally getting yourself out of a problem. So please it’s not too late to stop spending on things that doesn’t really matter, so basically the money you saved today could literally save you tomorrow.
Many reasons why they didn't save at their young age or at any age, most reasons are because they want to enjoy their youth so they won't regret it when they're married, their salary is not enough to save because the cost of goods is really expensive, they focus to invest and forget to save their money in the end, and many more reasons. saving is really helping us when something emergency happens because with saving we can keep our crypto Investment from being used. I hope that young people start to saving in their early so they won't regret it in the future. |
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Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living
Lots of people get the new opportunity just from cryptocurrencies themselves because someone may become rich from just investing in the crypto for the long term, people will have another source of income if they know how to earn in cryptocurrencies On the other hand many people already become a well-known CEO just from cryptocurrency. |
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~snip~. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?
Well, meme coin uptrend won't last long unlike Bitcoin or another altcoins, mostly meme coins full of manipulation and become exit liquidity in the end. Someone may become a millionaire just in few days with meme coin by investing in the correct one but it's very rare, we should know the risk because it can give you tons of money and it can vanish your money in a day. If you think meme coin that you just found is good with a strong community just invest in there for a short term don't for the long term because most meme coin will fall down when the hype ends. |
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Can we expect any rewards , for participating in them in Q4 2023?
Whatever project you're testing mostly project will give you a reward for your contribution in the testnet, mostly we only need to a small amount to get the reward or only some few fees. Many new projects conduct a testnet with a reward to attract new investors so investors will know how the system works, and why it's unique/different from the others. But we should be careful with fake testnet website which can make our metamask compromised. |
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If we are trying to remember a altcoin name for investment when ether come in our mind firstly as a reliable trusted altcoin. i hope you are already ether holder, if so then great otherwise check out this coin first. Then it comes to others altcoins inventment. Ada xrp matic sol Litecoin could be good. Doge coin may kept in your wallet if you want to risk for higher amount return. Besides sui abr aptos cake Ocean and so many tokens are good for investment.
Doge can give big profits if we're lucky since meme coin really have bigger risks other than normal altcoins such ETH, BNB, SOL etc. rather than trying with our luck it's better to invest in something clear in terms of utility, community, team member, and roadmap. We're going to have altcoin season so it's better to choose top altcoins rather than still gambling with meme coin. Don't forget to make investments based on your research because lots of influencers will ask you to invest under them or follow their movement. |
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Look, you can be old and rich or young an poor, but being old and poor is bad shit.
A surefire way of doing the wrong kind of things is to spend your money early or try to live a good life quickly without thinking about the future. Or if you have an ok job or income to think that is enough, even if you cannot save.
Lazy people will have this mindset because they will not try to maximize all the possibilities that exist in order to earn more and start to invest, usually, they will use the words enjoy life even though if they do not start investing it is impossible to enjoy life when they are elderly unless they win the lottery because it is impossible to live only by relying on today's income for a better future, except by starting to save and invest to be able to beat inflation. Well, some of my friends didn't save at a young age because they wanted to enjoy their youth, many people who aim to have investments at a young age they're hoping their investment can give a financial freedom when they're retired. My friend said youth only happens once in a lifetime so they want to enjoy it without any regret because they miss their youth. As long as we can maintain our spending so we won't have any debt I think it's people choice. |
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We know better cryptocurrency market always unpredictable. Yet we invest in the cryptocurrency market. Sometimes the market gradually turns to bear.
My question is how do we know if the market will go bearish.
You can check momentum indicators such as RSI, usually when the monthly trend becomes overbought we can expect the bear market is near because correction can happen anytime when the momentum at overbought area. When the bear market happens we should take the opportunity because many people miss the buying opportunity around $15k and lots of people hoping that Bitcoin can go around $32k right now. |
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