The market situation can't be said to be standard because at any time it could decline as the support area to recover is very small, I believe the market is entering the $37-36k area in the near term as it triggers a lot of geopolitical issues and even news of influential wars enters the bear market.
If it's about the price of Bitcoin, then I can conclude that with a 5% drop in 24 hours and the price still above $39K+, there is a possibility to recover to $40K again in the near future, because that 5% drop in Bitcoin is the size is very large at the moment so the support to recover it might be a little bigger this year.
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I strongly agree with the statement that says wealth are made in the bearish season because it just simple economics. Buy cheap and sell high. If you have ur holdings in usdt or stable coins this is the best time to buy crypto
Buying cheap and selling expensive is an economic pattern that is known by many people except for those who have never traded at all, only in terms of implementing it it is also necessary to choose a product that is really well known in the market because it will be useless if someone buys a product. product at a very cheap price, but after a few months, the price becomes even cheaper, this is something that some traders always regret.
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That's true because we can't just choose coins, especially for short or medium term investments, need to do more research to find out more detailed information on the coin, again it all depends on research and each decision
The research only works more on new coins or tokens, because for old coins or tokens, you only need to see news about their development so you don't have to waste a lot of time researching them all the time. It aims to save our time in terms of working and researching anything in the crypto space.
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Compared with the lending functions on the market, COMP, maker, and AAVE, what is the difference between them
Because I have never owned both of them until now, then there is nothing that I can compare between the two for now, although for some people maybe both are good tokens, but because I have never had them, then there is nothing that can I reveal to both of them.
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Sadly , most of my Shitcoins had been lost because of my Old wallet being not kept since i become not interested those days when the value died long time, its just recently that i turn interesting again when the market boomed last year and thinking every coin might have value again lol.
Try to find the wallet again now, maybe there are a number of assets that are already valuable at this time even though it is only limited to Shitcoin, but as long as it can be valuable and can be sold in the market, then it's not wrong if you try to find it again now.
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It's not a bad decision to invest some of the assets in Shib coins because the price is still dip compared to the ATH price, I also hold Shiba even though I buy it when the price is higher than the current price, I have committed that I will not miss the next bullish moment even if I have to hold it long term .
Your patience and optimism is very big and extraordinary, hopefully the expectations you want in the Shiba Inu token can be fulfilled in the next Bullish later, although it is still unknown when it will happen again to Shiba Inu. But if there is always good news for the Shiba Inu, then the opportunity to increase the price is always there for the Shiba Inu.
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What's your take of NFTs?
Do you think are a long term solution/investment or just hype??
For me NFT is just a private collection program for certain purposes only so it's not worth hyping even though it could be for a seasonal program, but some really serious developments should be well appreciated because NFT is for building good works of art.
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Happy with Polygon, cheap in transaction fees. Now it has also participated in publishing the new NFT network. In my opinion, it is recommended to be used as a long-term asset, even though in fact the price is for 20$, it takes quite a long time. Maybe later in 2025 when many people are interested on crypto assets.
Since it's still a long way from reaching a price of 20$ on the Matic, it's also a good idea to buy and keep it at the moment or use it in trading to get some good profits, because basically the Matic is very well built and also already has a network at a very low cost. very cheap as you say it.
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in this year maybe on accumulation phase , which is alot investors and whales trying to buying cryptocurrency in low price. fundamentally everything is good, and there is no significant fud that could shake the market. when this accumulation done , price will soar again and maybe could be better in previous season.
Yes, and hopefully that accumulation can happen soon this year and can also be better than the previous year in the market because basically everyone is currently still at a declining price if you look at the amount of ATH achieved by each coin in the last year
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since 2020 I bought XRP, and I sold part of it or 50% at a price of $ 1.5 in 2021 and still part of it in my wallet at 50%, I don't know now the price is still down at $ 0.8, and I think this is your chance to buy XRP under $1, yes this is my suggestion, wish you luck.
Your suggestion may be considered by others and it is also not wrong if everyone who likes XRP makes a purchase at this time for under $1 because in general XRP is still a good coin and also very suitable for short-term trading.
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Yes something is possible but depending on the interest and the number of tokens in the market. Because without any interested market participants and clear benefits, it will be difficult to reach that price.
It's always about the number of enthusiasts in the market and it won't shift at all from the price effect that will occur as long as the market can be very good and also certain tokens in the market, but as for Shiba, I think there is one more thing that can affect the price, namely good news.
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The current state of the market is that the market was very low a few days ago. If it hadn't gone down, the bnb price would have been much higher by now. The price of BNB has come down a lot due to Market Kumar
The decline is also a natural thing and is very common in the cryptocurrency market and even now the price of BNB has started to increase again than before, so there is no need to worry about prices and about falling prices because it could be a temporary thing.
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yes you are right, the best option is not to use the wallet extension. better use a mobile wallet like trustwallet, safepal, tokenpoket or metamask app. This method is safer than using a browser. I've done it, and till date I've never had a problem with hacking.
Your suggestion is obviously very useful, but Metamask also provides a wallet extension that is very safe to use even though it is located in the browser, but so far I have never had a problem with Metamask because I also use double security to enter my wallet.
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I was deeply involved with ICO back in the day but these days, I'm not much active and I really don't have much idea which site provides better insights though I know most sites are biased and paid. Still, I believe there will be a few sites which worth to have a look on. Suggest me some ICO tracking sites please.
I'm also not often involved in ICOs anymore now during 2019 because I've had a few disappointments in the past so I'm just focusing on trading, stakes, and also the campaign because it's very unlikely to disappoint me at this point. So there is no site I can recommend right now.
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I think this is a sign that Binance is considering babydoge. maybe soon there will be news that babydoge is listed on binance. When this article was released, I saw that there was a lot of speculation growing about this. so maybe it will come true.
If that hasn't happened I think it's still too early to speculate because it's still in the waiting stage and still in the stage of confirming it, because the growth that is in babydoge is also still very likely to decline again because he is a line of other memecoins at the moment.
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The main factor for the increase in GMT x10 is the support from Binance which has released a launchpad and trading listings on Binance, of course the Binance launchpad project never disappoints, so I don't predict much higher than it is now, because GMT could have corrected to $1, due to an increase the result of the launchpad hype on binance could end too.
Those who take advantage of GMT from the beginning of the listing will benefit from faster resale at a high price, because corrections can come at any time on new tokens at this time even though the token has entered a large exchange like Binance with better services.
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What do you think about the SOL coin, they said they would join opensea so that currently the exchange on the Solana network is very crowded and withdrawals have been suspended on any exchange. does this bode well for this coin or is it the other way around? It could be good, but it could also be bad because it triggers everyone to attract Solana which is already in the market, except because it can make the demand for Solana to buy bigger and will have an effect on increasing its price in the future.
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I see COTI as a token that has enormous potential where its growth is increasing from time to time and the demand is getting higher, but I don't think that COTI will reach 1000x in the next 5 years, if look at the current market developments I think COTI will most likely go up 10x to 20x this year.
10x alone is enough for COTI and even then it will not happen easily to him in the current market conditions because it would be really amazing if COTI was able to increase to 10x this year because basically it is very difficult to get a double increase in current conditions
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I don't know many altcoins from the list above, only matic can be recommended because many projects already have blockchain network, I also choose phantom as an alternative because it has more potential after matic.
Phantom and Matic have looked good so far and it's only natural that you recommend both at this point because you already know and know them, rather than having to bother later on choosing coins that are not at all well known or unknown
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When the market is negative and bearish with high volatility, only BTC and ETH are my options. I know, temporary corrections are a good pullback to take advantage of cumulative buying. Any altcoin no matter how well trended can't escape this.
That's clear because Bitcoin's decline can always be seen in the market where all altcoins are falling simultaneously without any obstacles. Likewise when Bitcoin began to increase in the market, so obviously it's good if you only rely on two coins at all times, especially the coin classes that you like are Bitcoin and Ethereum.
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